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                                                                   Exhibit 10.15
                              EMPLOYMENT AGREEMENT

      This SUPPLEMENTAL EMPLOYMENT AGREEMENT ("Agreement") is made and entered
this 19th day of July, 2000 by and between Walter K. Weisel (the "Key Employee")
and Robotic Workspace Technologies, Inc., a Maryland corporation (the
"Company").

                                R E C I T A L S:

      A.    The Company desires to continue the employment of the Key Employee
            and the Key Employee desires to accept such continuation of
            employment;

      B.    Company and Key Employee acknowledge that Employee has been an
            at-will employee of the Company for in excess of six years and that
            during such period part of Employee's salary as determined by the
            Company's Board of Directors from time to time has been accrued
            without payment until sufficient cash was available to make such
            payment;

      C.    Company and Key Employee acknowledge and agree that as of June 30,
            2000, the commencement date of this Agreement $318,597 of his salary
            has been accrued and is owing to Key Employee and Key Employee owes
            Company approximately $167,000 for a net payable to Key Employee of
            approximately $151,579.00;

      D.    As a condition of Company's continued employment of Key Employee,
            Company requires that Employee and Company enter a written
            agreement; and

      E.    Key Employee desires to continue his employment with Company on the
            terms and conditions set forth herein.

      NOW THEREFORE, in consideration of the promises, mutual covenants and
agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company and the
Key Employee do hereby agree as follows:

      1. Employment and Duties. On the terms and subject to the conditions set
forth in this Agreement, the Company agrees to employ the Key Employee as the
President and Chief Executive Officer of the Company to perform such duties as
are consistent with such position(s) as may be assigned, from time to time, by
the Company and to render such additional services and discharge such other
reasonable responsibilities as the Company may, from time to time, stipulate.
The Key Employee shall also serve as the Chairman of the Board of Directors of
the Company upon election by the Board of Directors.

      2. Performance. The Key Employee accepts the employment described in
Section 1 of this Agreement and agrees to devote all of his/her business time
and efforts to the faithful and diligent performance of the services described
herein, including the performance of such other services and responsibilities as
the Board of Directors of the Company may, from time to time, stipulate.
<PAGE>

      3. Term. The term of employment under this Agreement shall commence July
1, 2000 (the "Commencement Date") and shall remain in effect for a period of
three (3) years, ending July 1, 2003, unless sooner terminated hereunder (the
"Employment Period"). Unless sixty (60) days prior written notice by either
party is given to the other party prior to termination of the Employment Period,
the Employment Period shall be extended on an annual basis for additional one
year terms.

      4. Salary.

            a. Initial Salary. For all the services to be rendered by the Key
      Employee hereunder, the Company agrees to pay, during the Employment
      Period, an initial salary at a rate of One Hundred Fifty Thousand Dollars
      ($150,000) per annum ("Salary"), payable by Company in accordance with its
      existing practice. Employee acknowledges and agrees that Company may
      accrue up to one half of the Salary if in the Board of Directors
      determination, there is insufficient cash from all sources to pay the full
      Salary.

            b. Automatic Increases. The Salary shall be automatically increased
      for the subsequent periods as follows: to Two Hundred Thousand Dollars
      when gross sales in any twelve prior consecutive month period reach Three
      Million Dollars ($3,000,000) and the pre tax net profit of the Company for
      such period is at least five percent (5%) of such gross sales; and to Two
      Hundred Fifty Thousand Dollars ($250,000) when gross sales in any twelve
      prior consecutive month period reaches Seven Million Dollars ($7,000,000)
      and the pre tax net profit of the Company for such period is at least five
      percent (5%) of such gross sales.

            Thereafter, the salary shall be reviewed by the Compensation
      Committee of the Company annually on the anniversary of the Commencement
      Date.

.. 5. Bonus. During the Employment Period, the Key Employee shall be eligible for
such bonuses as may be deemed advisable by the Board of Directors of the Company
in consideration of the Key Employee's performance of his/her duties and the
Company's profitability. The Company, however, shall not be obligated to pay any
bonus unless and until the Board of Directors declares such bonus.

      6. Other Benefits. Except as otherwise specifically provided herein,
during the Employment Period, the Key Employee shall be provided the opportunity
to participate in all benefits provided by Company for its other employees.

      7. Surrender of Properties. Upon termination of the Key Employee's
employment with the Company, regardless of the cause therefor, the Key Employee
shall promptly surrender to the Company all property provided him/her by the
Company for use in relation to his/her employment, and, in addition, the
employee shall surrender to the Company any and all sales materials, lists of
customers and prospective customers, price lists, files, patent applications,
records, models, software files, listings, copies of window software, or other
materials and information of or pertaining to the Company or its customers or
prospective customers or the products, business, and operations of the Company.

                                       2
<PAGE>

      8. Inventions and Secrecy. Except as otherwise provided in this Section 8,
the Key Employee: (a) shall hold in a fiduciary capacity for the benefit of the
Company all secret or confidential information, knowledge, or data of the
Company or its business or production operations obtained by the Key Employee
during his/her employment by the Company, which shall not be generally known to
the public or recognized as standard practice (whether or not developed by the
Key Employee) and shall not, during his/her employment by the Company and after
the termination of such employment for any reason, communicate or divulge any
such information, knowledge or data to any person, firm or corporation other
than the Company or persons, firms or corporations designated by the Company;
(b) shall promptly disclose to the Company all inventions, ideas, devices, and
processes made or conceived by him/her alone or jointly with others, from the
time of entering the Company's employ until such employment is terminated and
with the six (6 ) month period immediately following such termination, relevant
or pertinent in any way, whether directly or indirectly, to the Company's
business or production operations or resulting from or suggested by any work
which he/she may have done for the Company or at its request; (c) shall, at all
times during his/her employment with the Company, assist the Company in every
proper way (entirely at the Company's expense) to obtain and develop for the
Company's benefit patents or copyrights on such inventions, ideas, devices and
processes including without limitation software and software files and listings
to be used with industrial automation and industrial robots, whether or not
patented; and (d) shall do all such acts and execute, acknowledge and deliver
all such instruments as may be necessary or desirable in the opinion of the
Company to vest in the Company the entire interest in such inventions, ideas,
devices, and processes referred to above. The foregoing to the contrary
notwithstanding, the Key Employee shall not be required to assign or offer to
assign to the Company any of the Key Employee's rights in any invention for
which no equipment, supplies, facility, or trade secret information of the
Company was used and which was developed entirely on the Key Employee's own
time, unless (a) the invention related to (i) the business of the Company or
(ii) the Company's actual or demonstrably anticipated research or development,
or (b) the invention results from any work performed by the Key Employee for the
Company. The Key Employee acknowledges his/her prior receipt of written
notification of the limitation set forth in the preceding sentence on the Key
Employee's obligation to assign or offer to assign to the Company the Key
Employee's rights in inventions.

      9. Confidentiality of Information; Duty of Non-Disclosure.

            (a) The Key Employee acknowledges and agrees that his/her employment
by the Company under this Agreement necessarily involves his/her understanding
of and access to certain trade secrets and confidential information pertaining
to the business of the Company. Accordingly, the Key Employee agrees that after
the date of this Agreement at all times he/she will not, directly or indirectly,
without the express written consent of the Company, disclose to or use for the
benefit of any person, corporation or other entity, or for himself/herself any
and all files, trade secrets or other confidential information concerning the
internal affairs of the Company, including, but not limited to, information
pertaining to its trade secrets, business plans, clients, services, products,
earnings, finances, operations, methods or other activities, provided, however,
that the foregoing shall not apply to information which is of public record or
is generally known, disclosed or available to the general public or the industry

                                       3
<PAGE>

generally. Further, the Key Employee agrees that he/she shall not, directly or
indirectly, remove or retain, without the express prior written consent of the
Company, and upon termination of this Agreement for any reason shall return to
the Company, any figures, calculations, letters, papers, records, computer
disks, computer print-outs, lists, documents, instruments, drawings, designs,
programs, brochures, sales literature, business plans or any copies thereof, or
any information or instruments derived therefrom, or any other similar
information of any type or description, however such information might be
obtained or recorded, arising out of or in any way relating to the business of
the Company or obtained as a result of his/her employment by the Company except
as disseminated to the public at large or industry generally. The Key Employee
acknowledges that all of the foregoing are proprietary information, and are the
exclusive property of the Company. The covenants contained in this Section 10
shall survive the termination of this Agreement.

            (b) The Key Employee agrees and acknowledges that the Company does
not have any adequate remedy at law for the breach or threatened breach by the
Key Employee of his/her covenant, and agrees that the Company shall be entitled
to injunctive relief to bar the Key Employee from such breach or threatened
breach in addition to any other remedies which may be available to the Company
at law or in equity.

      10. Covenant Not to Compete.

            (a) During Employment Period. During the Employment Period, the Key
Employee shall not, without the prior written consent of the Company, which
consent may be withheld at the sole discretion of the Company, engage in any
other business activity for gain, profit, or other pecuniary advantage
(excepting the investment of funds in such form or manner as will not require
any services on the part of the Key Employee in the operation of the affairs of
the companies in which such investments are made) or engage in or in any manner
be connected or concerned, directly or indirectly, whether as an officer,
director, stockholder, partner, owner, employee, creditor, or otherwise, with
the operation, management, or conduct of any business that competes with or is
of a nature similar to that of the Company.

            (b) Following Termination of Employment Period. Within the two (2)
year period immediately following the later of the end of the Employment Period
or termination of the Key Employee's employment with the Company, for any reason
except as set forth below, the Key Employee shall not, without the prior written
consent of the Company, which consent may be withheld at the sole discretion of
the Company: (a) engage in or in any manner be connected or concerned, directly
or indirectly, whether as an officer, director, stockholder, partner, owner,
employee, creditor, or otherwise with the operation, management, or conduct of
any business similar to the business of the Company being conducted at the time
of such termination anywhere in the United States and (ii) any other area in
which the Company is, or reasonably contemplating, doing business at the time of
such termination; (b) solicit, contact, interfere with, or divert any customer

                                       4
<PAGE>

served by the Company, or any prospective customer identified by or on behalf of
the Company, during the Key Employee's employment with the Company; or (c)
solicit any person then or previously employed by the Company to join the Key
Employee, whether as a partner, agent, employee or otherwise, in any enterprise
engaged in a business similar to the business of the Company being conducted at
the time of such termination. For purposes of this Agreement, the business is
deemed to be the development, manufacture and sale of controllers and related
software for use with robotic machines and consultation in connection therewith.
If the Company terminates the Employee prior to the expiration of a term without
"just cause", as defined below, then the provisions of this Section 11 shall not
apply to the Key Employee.

            (c) Severability. The covenants of the Key Employee contained in
Sections 9, 10, and 11 of this Agreement shall each be construed as an agreement
independent of any other provision in this Agreement, and the existence of any
claim or cause of action of the Key Employee against the Company, whether
predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by the Company of such covenants. Both parties hereby expressly
agree and contract that it is not the intention of either party to violate any
public policy, or statutory or common law, and that if any sentence, paragraph,
clause, or combination of the same of this Agreement is in violation of the law,
such sentence, paragraph, clause or combination of the same shall be void, and
the remainder of such paragraph and this Agreement shall remain binding on the
parties to make the covenants of this Agreement binding only to the extent that
it may be lawfully done. In the event that any part of any covenant of this
Agreement is determined by a court of law to be overly broad thereby making the
covenant unenforceable, the parties hereto agree, and it is their desire, that
such court shall substitute a judicially enforceable limitation in its place,
and that as so modified the covenant shall be binding upon the parties as if
originally set forth herein.

      11. Termination.

            (a) Unilateral Termination. The Employment Period may be terminated
by the Company upon written notice provided no less than ninety (90) days in
advance of the termination date stated in such notice; provided however, that in
the event of termination without Just Cause, the Company shall pay the
Employee's Salary for the balance of the Employment Period.

            (b) Termination for Just Cause. The Company shall have the option to
terminate the Employment Period, effective immediately upon written notice of
such termination to the Key Employee, for Just Cause. For purposes of this
Agreement, the term "Just Cause" shall mean the occurrence of any one or more of
the following events: (a) the death or permanent total disability of the Key
Employee or his/her absence from employment by reason of illness or incapacity
for a period of one hundred twenty (120) consecutive days; (b) the breach by the
Key Employee of his/her covenants under this Agreement; (c) the commission by
the Key Employee of theft or embezzlement of Company property or other acts of
dishonesty; (d) the commission by the Key Employee of a crime resulting in
injury to the business, property or reputation of the Company or any affiliate
of the Company or commission of other significant activities harmful to the
business or reputation of the Company or any affiliate of the Company; (e) the
commission of an act by the Key Employee in the performance of his/her duties
hereunder determined by the Board of Directors of the Company to amount to
gross, willful, or wanton negligence; or (f) the willful refusal to perform or
substantial neglect of the duties assigned to the Key Employee pursuant to
Section 1 hereof;.

                                       5
<PAGE>

            Upon termination of employment with Just Cause or upon a voluntary
termination by the Key Employee, the Key Employee shall have no rights to
compensation or severance for any period beyond the effective date of
termination.

12. Other Provisions.

            (a) Payment of Accrued Salary. Upon receipt of additional capital of
no less than Three Million Dollars ($3,000,000), the Company shall pay Key
Employee its accrued but unpaid salary less advances to Key Employee in the net
amount of approximately One Hundred Fifty-one Thousand Five Hundred Seventy-nine
and no/100 Dollars ($151,579) on such terms as are mutually agreed between the
Company and the Key Employee which payments may be made in two payments over a
two-year period.

            (b) Goodwill. The Company has invested substantial time and money in
the development of its products, services, territories, advertising and
marketing thereof, soliciting clients and creating goodwill. By accepting
employment with the Company, the Key Employee acknowledges that the customers
are the customers of the Company, and that any goodwill created by the Key
Employee belongs to and shall inure to the benefit of the Company.

            (c) Notices. Any notice required or permitted hereunder shall be
made in writing (i) either by actual delivery of the notice into the hands of
the party thereunder entitled, or (ii) by the mailing of the notice in the
United States mail, certified or registered mail, return receipt requested, all
postage prepaid and addressed to the party to whom the notice is to be given at
the party's respective address as set forth in the records of the Company.

The notice shall be deemed to be received in case (i) on the date of its actual
receipt by the party entitled thereto and in case (ii) on the date of its
mailing.

            (d) Amendment and Waiver. No amendment or modification of this
Agreement shall be valid or binding upon the Company unless made in writing and
signed by an officer of the Company duly authorized by the Board of Directors or
upon the Key Employee unless made in writing and signed by him/her. The waiver
by the Company of the breach of any provision of this Agreement by the Key
Employee shall not operate or be construed as a waiver of any subsequent breach
by him/her.

            (e) Entire Agreement. This Agreement along with the agreements with
the Leasing Agent constitute the entire agreement between the parties with
respect to the Key Employee's duties and compensation as an Key Employee of the
Company, and there are no representations, warranties, agreements or commitments
between the parties hereto with respect to his/her employment except as set
forth herein.

                                       6
<PAGE>

            (f) Governing Law. This Agreement shall be governed by and construed
in accordance with the internal laws (and not the law of conflicts) of the State
of Florida.

            (g) Severability. If any provision of this Agreement shall, for any
reason, be held unenforceable, such provision shall be severed from this
Agreement unless, as a result of such severance, the Agreement fails to reflect
the basic intent of the parties. If the Agreement continues to reflect the basic
intent of the parties, then the invalidity of such specific provision shall not
affect the enforceability of any other provision herein, and the remaining
provisions shall remain in full force and effect.

            (h) Assignment. The Key Employee may not under any circumstances
delegate any of his/her rights and obligations hereunder without first obtaining
the prior written consent of the Company. This Agreement and all of the
Company's rights and obligations hereunder may be assigned or transferred by it,
in whole or in part, to be binding upon and inure to the benefit of any
subsidiary or successor of the Company.

            (i) Costs of Enforcement. In the event of any suit or proceeding
seeking to enforce the terms, covenants, or conditions of this Agreement, the
prevailing party shall, in addition to all other remedies and relief that may be
available under this Agreement or applicable law, recover his/hers or its
reasonable attorneys' fees and costs as shall be determined and awarded by the
court.

      IN WITNESS WHEREOF, this Agreement is entered into on the day and year
first above written.

                                          COMPANY:

                                          Robotic Workspace Technologies, Inc.

                                          By:/s/ Joyce Malinowski
                                            ----------------------------------
                                             Its: Vice President

                                          KEY EMPLOYEE:

                                          /s/Walter K.Weisel
                                          -------------------------------
                                          Walter K. Weisel================================================================================

                          AGREEMENT AND PLAN OF MERGER

                                  by and among

                               BECOMING ART, INC.,

                             20/20 ACQUISITION, INC.

                                       and

                            20/20 TECHNOLOGIES, INC.

                                 April 19, 2005

================================================================================
<PAGE>

                                TABLE OF CONTENTS
                                -----------------

<TABLE>
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                                                                                          Page
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ARTICLE I DEFINITIONS........................................................................1

ARTICLE II THE MERGER........................................................................7
   Section 2.1    Merger.....................................................................7
   Section 2.2    Effective Time.............................................................7
   Section 2.3    Certificate of Incorporation; By-laws; Directors and Officers..............7
   Section 2.4    Effects of the Merger......................................................8
   Section 2.5    Closing....................................................................8

ARTICLE III MERGER CONSIDERATION; CONVERSION OF SECURITIES...................................8
   Section 3.1    Manner and Basis of Converting Capital Stock...............................8
   Section 3.2    Surrender and Exchange of Certificates....................................10
   Section 3.3    Options, Warrants, Incentive Plan and Series C Bridge Notes...............11
   Section 3.4    Parent Common Stock.......................................................13

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY....................................13
   Section 4.1    Organization..............................................................13
   Section 4.2    Authorization; Validity of Agreement......................................14
   Section 4.3    Capitalization............................................................14
   Section 4.4    Consents and Approvals; No Violations.....................................15
   Section 4.5    Financial Statements......................................................15
   Section 4.6    No Undisclosed Liabilities................................................15
   Section 4.7    Litigation................................................................15
   Section 4.8    No Default; Compliance with Applicable Laws...............................16
   Section 4.9    Broker's and Finder's Fees................................................16
   Section 4.10   Schedule of Assets and Contracts..........................................16
   Section 4.11   Tax Returns and Audits....................................................18
   Section 4.12   Patents and Other Intangible Assets.......................................18
   Section 4.13   Employee Benefit Plans; ERISA.............................................19
   Section 4.14   Title to Property and Encumbrances........................................20
   Section 4.15   Condition of Properties...................................................20
   Section 4.16   Insurance Coverage........................................................20
   Section 4.17   Interested Party Transactions.............................................20
   Section 4.18   Environmental Matters.....................................................20
   Section 4.19   Disclosure................................................................21

ARTICLE V REPRESENTATIONS AND WARRANTIES OF PARENT AND ACQUISITION CORP.....................21
   Section 5.1    Organization..............................................................22
   Section 5.2    Authorization; Validity of Agreement......................................22
   Section 5.3    Consents and Approvals; No Violations.....................................22
   Section 5.4    Litigation................................................................23
</TABLE>

                                       i
<PAGE>

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   Section 5.5    No Default; Compliance with Applicable Laws...............................23
   Section 5.6    Broker's and Finder's Fees; Broker/Dealer Ownership.......................23
   Section 5.7    Capitalization of Parent..................................................23
   Section 5.8    Acquisition Corp..........................................................23
   Section 5.9    Validity of Shares........................................................24
   Section 5.10   SEC Reporting and Compliance..............................................24
   Section 5.11   Financial Statements......................................................25
   Section 5.12   No General Solicitation...................................................25
   Section 5.13   Absence of Undisclosed Liabilities........................................25
   Section 5.14   Changes...................................................................25
   Section 5.15   Tax Returns and Audits....................................................26
   Section 5.16   Employee Benefit Plans; ERISA.............................................26
   Section 5.17   Interested Party Transactions.............................................27
   Section 5.18   Questionable Payments.....................................................27
   Section 5.19   Obligations to or by Stockholders.........................................27
   Section 5.20   Schedule of Assets and Contracts..........................................27
   Section 5.21   Environmental Matters.....................................................28
   Section 5.22   Employees.................................................................29
   Section 5.23   Disclosure................................................................29

ARTICLE VI CONDUCT OF BUSINESSES PENDING THE MERGER.........................................29
   Section 6.1    Conduct of Business by the Company Pending the Merger.....................29
   Section 6.2    Conduct of Business by Parent and Acquisition Corp. Pending the Merger....30

ARTICLE VII ADDITIONAL AGREEMENTS...........................................................31
   Section 7.1    Access and Information....................................................31
   Section 7.2    Additional Agreements.....................................................32
   Section 7.3    Publicity.................................................................32
   Section 7.4    Appointment of Directors..................................................32
   Section 7.5    Parent Name Change and Exchange Listing...................................32
   Section 7.6    Meeting of Stockholders...................................................33
   Section 7.7    Information Statement.....................................................34

ARTICLE VIII CONDITIONS OF PARTIES' OBLIGATIONS.............................................35
   Section 8.1    Company Obligations.......................................................35
   Section 8.2    Parent and Acquisition Corp. Obligations..................................36

ARTICLE IX INDEMNIFICATION AND RELATED MATTERS..............................................38
   Section 9.1    Indemnification by Parent.................................................38
   Section 9.2    Survival..................................................................38
   Section 9.3    Time Limitations..........................................................38
   Section 9.4    Limitation on Liability...................................................38
   Section 9.5    Notice of Claims..........................................................39
   Section 9.6    Payment of Damages........................................................39

ARTICLE X TERMINATION PRIOR TO CLOSING......................................................40
   Section 10.1   Termination of Agreement..................................................40
   Section 10.2   Termination of Obligations................................................40
   Section 10.3   Termination Fee...........................................................41
</TABLE>

                                       ii
<PAGE>

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ARTICLE XI MISCELLANEOUS....................................................................41
   Section 11.1   Amendments................................................................41
   Section 11.2   Notices...................................................................41
   Section 11.3   Entire Agreement..........................................................42
   Section 11.4   Expenses..................................................................43
   Section 11.5   Severability..............................................................43
   Section 11.6   Successors and Assigns; Assignment........................................43
   Section 11.7   No Third Party Beneficiaries..............................................43
   Section 11.8   Counterparts; Delivery by Facsimile.......................................43
   Section 11.9   Waiver....................................................................43
   Section 11.10  No Constructive Waivers...................................................44
   Section 11.11  Further Assurances........................................................44
   Section 11.12  Recitals..................................................................44
   Section 11.13  Headings..................................................................44
   Section 11.14  Governing Law.............................................................44
   Section 11.15  Dispute Resolution........................................................44
   Section 11.16  Interpretation............................................................45
   Section 11.17  Registration Rights.......................................................46
</TABLE>

                                      iii
<PAGE>

                                LIST OF EXHIBITS

Exhibits
--------

Exhibit A         Certificate of Incorporation of Surviving Corporation
Exhibit B         By-laws of Surviving Corporation
Exhibit C         Directors and Officers of Surviving Corporation
Exhibit D         Post-Closing Directors of Parent

                                       iv
<PAGE>

                          AGREEMENT AND PLAN OF MERGER

      THIS AGREEMENT AND PLAN OF MERGER is effective as of April 19, 2005 by and
among BECOMING ART, INC., a Delaware corporation ("Parent"),  20/20 ACQUISITION,
INC.,  a  Delaware   corporation   and  a  wholly-owned   subsidiary  of  Parent
("Acquisition Corp."), and 20/20 TECHNOLOGIES, INC., a Delaware corporation (the
"Company").

                              W I T N E S S E T H:
                              --------------------

      WHEREAS,  the Company is  primarily  engaged in the  business of providing
networking  solutions to clients that utilize its  connectivity,  consulting and
information/software products and services;

      WHEREAS,  the Board of Directors of each of Parent,  Acquisition Corp. and
the Company has approved,  and deems it advisable  and in the best  interests of
its stockholders to consummate,  the acquisition of the Company by Parent, which
acquisition is to be effected by the merger of Acquisition  Corp.  with and into
the Company,  with the Company being the surviving  entity (the "Merger"),  upon
the terms and subject to the  conditions set forth in this Agreement (as defined
herein);

      WHEREAS,  the parties  hereto  intend that the Merger  shall  qualify as a
reorganization  within  the  meaning  of Section  368(a)(1)(A)  of the  Internal
Revenue Code of 1986, as amended (the "Code"), by reason of Section 368(a)(2)(E)
of the Code; and

      WHEREAS,  simultaneously with the Closing (as defined herein),  Parent (as
it will exist as of the  Closing  Date (as  defined  herein))  is selling  units
consisting  of shares of its  common  stock,  par value  $0.001  per share  (the
"Parent Common  Stock"),  and detachable  warrants to purchase  shares of Parent
Common Stock in a Private Placement (as defined herein) pursuant to the terms of
a Confidential Private Placement Memorandum, dated March 25, 2005 (as amended or
supplemented  from time to time, the  "Memorandum"),  for the purpose of causing
the business of the  Surviving  Corporation  (as defined  herein) to include the
business of the Company following the Merger.

      NOW,  THEREFORE,  in consideration of the mutual  agreements and covenants
hereinafter set forth, the parties hereto agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

      Capitalized  terms  used  in  this  Agreement  shall  have  the  following
meanings:

      "Acquisition  Corp."  shall  have the  meaning  given to such  term in the
preamble to this Agreement.

      "Acquisition  Proposal"  shall  have the  meaning  given  to such  term in
Section 6.2 hereof.

      "Action" shall mean any claim, action, suit, proceeding,  investigation or
order.
<PAGE>

      "Affiliate" shall mean, with respect to any Person, any Person directly or
indirectly controlling, controlled by or under common control with, such Person.
For the purposes of this  definition,  "control"  (including,  with  correlative
meaning,  the terms  "controlling,"  "controlled  by" and "under common  control
with") means the possession,  directly or indirectly,  of the power to direct or
cause the  direction  of  management  and  policies of such  Person  through the
ownership of voting securities, by contract or otherwise.

      "Agreement"  shall mean this  Agreement and Plan of Merger,  including the
Company  Disclosure  Schedule,  the Parent Disclosure  Schedule and the exhibits
attached  hereto or referred  to herein,  as the same may be amended or modified
from time to time in accordance with the provisions hereof.

      "Balance  Sheet" shall have the meaning  given to such term in Section 4.5
hereof.

      "Balance  Sheet Date" shall have the meaning given to such term in Section
4.5 hereof.

      "Blended  Offering Price" shall mean the quotient obtained by dividing (i)
the  gross  proceeds  raised  in the  Private  Placement,  calculated  as of the
termination  of the Private  Placement,  by (ii) the sum of  2,491,000  plus the
aggregate  number of shares of Parent  Common Stock  issued  through the Private
Placement,  calculated as of the termination of the Private Placement; provided,
however,  that in no event  shall the  Blended  Offering  Price be greater  than
$2.188982.

      "By-laws"  shall have the  meaning  given to such term in  Section  2.3(b)
hereof.

      "Certificate of  Incorporation"  shall have the meaning given to such term
in Section 2.3(a) hereof.

      "Closing" shall have the meaning given to such term in Section 2.5 hereof.

      "Closing  Date" shall have the  meaning  given to such term in Section 2.5
hereof.

      "Code" shall have the meaning  given to such term in the third  recital to
this Agreement.

      "Commission"   shall  mean  the  United  States  Securities  and  Exchange
Commission.

      "Common  Stock  Options"  shall  have the  meaning  given to such  term in
Section 3.3(a) hereof.

      "Company"  shall have the  meaning  given to such term in the  preamble to
this Agreement.

      "Company  Capital  Stock"  shall mean,  collectively,  the Company  Common
Stock,  the Company  Series A Preferred  Stock,  the Company  Series B Preferred
Stock and the Company Series C Preferred Stock.

      "Company Common Stock" shall mean the common stock, par value $0.00001 per
share, of the Company.

                                        2
<PAGE>

      "Company Disclosure Schedule" shall have the meaning given to such term in
the introduction to Article IV hereof.

      "Company  Material  Adverse  Effect"  shall  mean any  change,  effect  or
circumstance  that by itself,  or  together  with  other  changes,  effects  and
circumstances  is materially  adverse or is  reasonably  likely to be materially
adverse to the business, assets, liabilities, condition (financial or otherwise)
or operations of the Company and its subsidiaries, taken as a whole.

      "Company  Preferred  Stock"  shall  mean,  collectively,   the  authorized
preferred stock, par value of $0.00001 per share, of the Company.

      "Company  Series A Preferred  Stock"  shall mean the series A  convertible
preferred stock, par value $0.00001 per share, of the Company.

      "Company  Series B Preferred  Stock"  shall mean the series B  convertible
preferred stock, par value $0.00001 per share, of the Company.

      "Company  Series C Preferred  Stock"  shall mean the series C  convertible
preferred stock, par value $0.00001 per share, of the Company.

      "Contract"  shall  have the  meaning  given to such  term in  Section  4.4
hereof.

      "Consents" shall mean any permits, filings, notices,  licenses,  consents,
authorizations,  accreditation,  waivers, approvals and the like of, to, with or
by any Person.

      "DGCL" shall mean the General Corporation Law of the State of Delaware, as
amended.

      "Dissenting  Shares"  shall have the meaning given to such term in Section
3.2(d) hereof.

      "Effective  Time" shall have the meaning given to such term in Section 2.2
hereof.

      "Employee  Benefit Plans" shall have the meaning assigned to it in Section
4.13 hereof.

      "Environmental Law" shall mean the Comprehensive  Environmental  Response,
Compensation  and Liability  Act, 42 U.S.C.  ss.ss.  9601 et seq.; the Emergency
Planning and  Community  Right-to-Know  Act of 1986, 42 U.S.C.  ss.ss.  11001 et
seq.; the Resource Conservation and Recovery Act, 42 U.S.C. ss.ss. 6901 et seq.;
the Toxic  Substances  Control Act, 15 U.S.C.  ss.ss.  2601 et seq.; the Federal
Insecticide,  Fungicide,  and Rodenticide  Act, 7 U.S.C.  ss.ss. 136 et seq. and
comparable  state statutes  dealing with the  registration,  labeling and use of
pesticides and herbicides; the Clean Air Act, 42 U.S.C. ss.ss. 7401 et seq.; the
Clean Water Act (Federal Water Pollution Control Act), 33 U.S.C.  ss.ss. 1251 et
seq.;  the Safe  Drinking  Water Act,  42 U.S.C.  ss.ss.  300f et seq.;  and the
Hazardous Materials Transportation Act, 49 U.S.C. ss.ss. 1801 et seq., as any of
the above  referenced  statutes  have been  amended as of the date  hereof,  all
rules,  regulations  and  policies  promulgated  pursuant  to any  of the  above
referenced  statutes,  and any  other  foreign,  federal,  state or  local  law,
statute,  ordinance, rule, regulation or policy governing environmental matters,
as the same have been amended as of the date hereof.

      "ERISA" shall mean the Employee  Retirement Income Securities Act of 1974,
as amended, and the regulations issued thereunder.

                                       3
<PAGE>

      "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended,
and the rules and regulations issued thereunder.

      "GAAP" shall mean generally  accepted  accounting  principles as in effect
from time to time in the United States consistently applied.

      "Hazardous  Material"  means any substance or material  meeting any one or
more of the following criteria:  (a) it is or contains a substance designated as
or meeting  the  characteristics  of a  hazardous  waste,  hazardous  substance,
hazardous  material,  pollutant,  chemical substance or mixture,  contaminant or
toxic substance under any  Environmental  Law; (b) its presence at some quantity
requires investigation, notification or remediation under any Environmental Law;
(c) it contains,  without  limiting  the  foregoing,  asbestos,  polychlorinated
biphenyls,  petroleum  hydrocarbons,  petroleum  derived  substances  or  waste,
pesticides, herbicides, crude oil or any fraction thereof, nuclear fuel, natural
gas or synthetic gas; or (d) mold.

      "Incentive  Plans"  shall have the  meaning  given to such term in Section
3.3(d) hereof.

      "Indebtedness" shall mean any obligation of the Company that under GAAP is
required to be shown on the Balance  Sheet of the  Company as a  Liability.  Any
obligation  secured by a Lien on, or payable out of the  proceeds of  production
from,  property of the Company  shall be deemed to be  Indebtedness  even though
such obligation is not assumed by the Company.

      "Indebtedness  for  Borrowed  Money"  shall mean (a) all  Indebtedness  in
respect of money borrowed  including,  without  limitation,  Indebtedness  which
represents  the  unpaid  amount of the  purchase  price of any  property  and is
incurred in lieu of borrowing money or using available funds to pay such amounts
and not  constituting an account payable or expense accrual  incurred or assumed
in the  ordinary  course  of  business  of the  Company,  (b)  all  Indebtedness
evidenced by a promissory note, bond or similar written obligation to pay money,
or (c) all such Indebtedness  guaranteed by the Company or for which the Company
is otherwise contingently liable.

      "Information  Statement"  shall  have the  meaning  given to such  term in
Section 7.7 hereof.

      "Intellectual  Property"  shall  have the  meaning  given to such  term in
Section 4.12(b) hereof.

      "Investment Company Act" shall mean the Investment Company Act of 1940, as
amended.

      "Letter of Transmittal"  shall have the meaning  assigned to it in Section
3.2 hereof.

      "Liability"   shall  mean  any  and  all  liability,   debt,   obligation,
deficiency,  Tax, penalty,  fine, claim,  cause of action or other loss, cost or
expense  of any kind or  nature  whatsoever,  whether  asserted  or  unasserted,
absolute or contingent,  accrued or unaccrued,  liquidated or unliquidated,  and
whether due or become due and regardless of when asserted.

      "Lien" shall mean any mortgage,  pledge,  security interest,  encumbrance,
lien or charge of any kind, including,  without limitation, any conditional sale
or other  title  retention  agreement,  any lease in the nature  thereof and the
filing  of or  agreement  to give any  financing  statement  under  the  Uniform
Commercial Code of any  jurisdiction and including any lien or charge arising by
statute or other law.

                                       4
<PAGE>

      "Memorandum"  shall  have the  meaning  given to such  term in the  fourth
recital to this Agreement.

      "Merger"  shall have the meaning given to such term in the second  recital
to this Agreement.

      "Parent" shall have the meaning given to such term in the preamble to this
Agreement.

      "Parent  Balance  Sheet"  shall have the meaning  assigned to such term in
Section 5.13 hereof.

      "Parent  Balance  Sheet  Date"  shall have the  meaning  assigned to it in
Section 5.13 hereof.

      "Parent  Common  Stock"  shall have the meaning  given to such term in the
fourth recital to this Agreement.

      "Parent Disclosure  Schedule" shall have the meaning given to such term in
the introduction to Article V hereof.

      "Parent  Employee  Benefit Plans" shall have the meaning  assigned to such
term in Section 5.16 hereof.

      "Parent Financial Statements" shall have the meaning assigned to such term
in Section 5.11 hereof.

      "Parent  Indemnification  Agreement"  shall have the meaning given to such
term in Section 8.2(g) hereof.

      "Parent  Indemnitors" shall have the meaning given to such term in Section
8.2(g) hereof.

      "Parent Material Adverse Effect" means any change,  effect or circumstance
that by itself,  or together with other changes,  effects and  circumstances  is
materially  adverse  or is  reasonably  likely to be  materially  adverse to the
business, assets, liabilities,  condition (financial or otherwise) or operations
of Parent and its subsidiaries, taken as a whole.

      "Parent SEC  Documents"  shall have the  meaning  assigned to such term in
Section 5.10(b) hereof.

      "Permitted  Liens"  shall  mean (a) Liens for  taxes  and  assessments  or
governmental  charges  or levies  not at the time due or in respect of which the
validity  thereof  shall  currently be  contested  in good faith by  appropriate
proceedings;  (b) Liens in  respect  of  pledges  or  deposits  under  workmen's
compensation laws or similar legislation, carriers', warehousemen's, mechanics',
laborers' and  materialmens'  and similar Liens, if the  obligations  secured by
such  Liens are not then  delinquent  or are being  contested  in good  faith by
appropriate proceedings; and (c) Liens incidental to the conduct of the business
of the Company that were not incurred in connection  with the borrowing of money
or the  obtaining  of  advances  or  credits  and which do not in the  aggregate
materially  detract from the value of its property or materially  impair the use
made thereof by the Company in its business.

                                       5
<PAGE>

      "Person"  shall  mean  any  individual,   corporation,  limited  liability
company,  partnership,  joint  venture,  trust or other entity or  organization,
including   any   government   or   political   subdivision   or  an  agency  or
instrumentality thereof.

      "Placement  Agent" shall mean the lead  placement  agent engaged to assist
Parent in the sale of units offered in the Private Placement.

      "Private   Placement"  shall  mean  the  private  placement   offering  to
accredited  investors of units  consisting  of shares of Parent Common Stock and
detachable warrants to purchase Parent Common Stock pursuant to the terms of the
Memorandum.

      "Ratchet  Quotient"  shall mean the  quotient  obtained  by  dividing  (i)
2.188982 by (ii) the Blended Offering Price.

      "Securities  Act" shall mean the Securities  Act of 1933, as amended,  and
the rules and regulations issued thereunder.

      "Series B Initial  Exchange  Shares"  shall have the meaning given to such
term in Section 3.1(d) hereof.

      "Series B Ratchet  Shares"  shall have the  meaning  given to such term in
Section 3.1(d) hereof.

      "Series B Warrants"  shall have the meaning  given to such term in Section
3.3(b) hereof.

      "Series C Bridge Notes" shall mean the series C  convertible  bridge notes
issued by the Company in aggregate principal amount of $1,950,000 that, prior to
the Effective Time, are convertible  into units consisting of one (1.0) share of
Series C  Preferred  Stock and a warrant to  purchase  one-quarter  of one (1/4)
share of Series C Preferred  Stock at a conversion  price equal to $1.094491 per
share, subject to adjustment as provided in the bridge notes.

      "Series C Initial  Exchange  Shares"  shall have the meaning given to such
term in Section 3.1(e) hereof.

      "Series C Ratchet  Shares"  shall have the  meaning  given to such term in
Section 3.1(e) hereof.

      "Series C Warrants"  shall have the meaning  given to such term in Section
3.3(c) hereof.

      "Stockholder" shall mean any record holder of Company Capital Stock.

      "Surviving  Corporation"  shall  have the  meaning  given to such  term in
Section 2.1 hereof.

      "Tax" or "Taxes" shall mean (a) any and all taxes,  assessments,  customs,
duties,  levies,  fees,  tariffs,  imposts,  deficiencies and other governmental
charges of any kind whatsoever (including,  but not limited to, taxes on or with
respect to net or gross income,  franchise,  profits,  gross receipts,  capital,
sales, use, ad valorem, value added, transfer, real property transfer,  transfer
gains, transfer taxes, inventory,  capital stock, license, payroll,  employment,
social security, unemployment, severance, occupation, real or personal property,
estimated  taxes,  rent,   excise,   occupancy,   recordation,   bulk  transfer,
intangibles,  alternative  minimum,  doing  business,  withholding  and  stamp),
together with any interest  thereon,  penalties,  fines,  damages  costs,  fees,
additions to tax or  additional  amounts with  respect  thereto,  imposed by the
United States (federal,  state or local) or other applicable  jurisdiction;  (b)
any liability for the payment of any amounts described in clause (a) as a result
of being a member of an affiliated,  consolidated,  combined, unitary or similar
group or as a result of transferor or successor  liability,  including,  without
limitation,  by reason of Code Section  1.1502-6;  and (c) any liability for the
payments  of any  amounts  as a  result  of  being  a party  to any Tax  Sharing
Agreement or as a result of any express or implied  obligation  to indemnify any
other Person with respect to the payment of any amounts of the type described in
either clauses (a) or (b).

                                       6
<PAGE>

      "Tax Return" shall include all returns and reports  (including  elections,
declarations,   disclosures,   schedules,   estimates  and  information  returns
(including Form 1099 and partnership returns filed on Form 1065)) required to be
supplied to a Tax authority relating to Taxes.

      "Tax  Sharing  Agreements"  shall have the  meaning  given to such term in
Section 4.15 hereof.

                                   ARTICLE II
                                   THE MERGER

      Section 2.1 Merger.  Upon the terms and subject to the  conditions of this
Agreement,  at the  Effective  Time,  the Company  shall be merged with and into
Acquisition  Corp.  in  accordance  with Section 251 of the DGCL.  Following the
Effective  Time, the separate  corporate  existence of Acquisition  Corp.  shall
cease,  and the Company shall continue as the  corporation  surviving the Merger
(sometimes hereinafter referred to as the "Surviving Corporation").

      Section 2.2 Effective Time. The Company and Acquisition  Corp. shall cause
a  certificate  of merger to be filed on the Closing Date (or on such other date
as the Company and Parent may agree in writing)  with the  Secretary of State of
Delaware  as  provided  in  Section  251 of the DGCL,  and shall  make all other
filings or recordings  required by the DGCL in connection  with the Merger.  The
Merger shall become  effective at such time as the certificate of merger is duly
filed in accordance  with Section 251 of the DGCL with the Secretary of State of
the State of  Delaware or such later time as  specified  in the  certificate  of
merger, and such time is hereinafter referred to as the "Effective Time."

      Section 2.3 Certificate of Incorporation; By-laws; Directors and Officers.

          (a) The certificate of incorporation of Acquisition Corp. as in effect
     immediately  prior to the  Effective  Time,  a copy of which is attached as
     Exhibit  A  hereto,  shall  be  the  certificate  of  incorporation  of the
     Surviving  Corporation (the "Certificate of Incorporation")  from and after
     the Effective Time until  thereafter  changed or amended as provide therein
     or in accordance with applicable law.

          (b) The by-laws of Acquisition Corp. as in effect immediately prior to
     the Effective Time, a copy of which is attached as Exhibit B hereto,  shall
     be the by-laws of the Surviving  Corporation (the "By-laws") from and after
     the Effective Time until thereafter  changed or amended as provided therein
     or in accordance with applicable law.

                                       7
<PAGE>

            (c) The individuals identified on Exhibit C hereto under the heading
      "Directors"  shall, from and after the Effective Time, be the directors of
      the Surviving Corporation until their successors have been duly elected or
      appointed  and  qualified or until their  earlier  death,  resignation  or
      removal in accordance with the Certificate of  Incorporation  and By-laws.
      The  individuals   identified  on  Exhibit  C  hereto  under  the  heading
      "Officers"  shall,  from and after the Effective  Time, be the officers of
      the Surviving Corporation until their successors have been duly elected or
      appointed  and  qualified or until their  earlier  death,  resignation  or
      removal in accordance with the Certificate of Incorporation and By-laws.

      Section 2.4 Effects of the Merger.  The Merger  shall have the effects set
forth in  Section  259 of the  DGCL.  Without  limiting  the  generality  of the
foregoing,  at the Effective Time, except as otherwise  provided herein,  all of
the  property,  rights,  privileges,  powers and  franchises  of the Company and
Acquisition  Corp.  shall  vest in the  Surviving  Corporation,  and all  debts,
liabilities  and duties of the Company and  Acquisition  Corp.  shall become the
debts,  liabilities  and  duties  of  the  Surviving  Corporation.  The  Company
acknowledges  that, upon the effectiveness of the Merger,  Parent shall have the
absolute  and  unqualified  right to deal with the  assets and  business  of the
Surviving  Corporation as its own property without limitation on the disposition
or use of such assets or the conduct of such business.

      Section 2.5 Closing. The consummation of the transactions  contemplated by
this Agreement,  including the Merger (the "Closing"),  shall take place: (a) at
the  offices of Shefsky & Froelich  Ltd.,  444 N.  Michigan  Ave.,  Suite  2500,
Chicago,  Illinois  at 10:00  a.m.  local  time on the date on which  all of the
conditions to the Closing set forth in Article VIII hereof shall be fulfilled or
waived in accordance  with this  Agreement  (other than  conditions  that can be
satisfied only at the Closing, but subject to the fulfillment or waiver of those
conditions  at the  Closing);  or (b) at such other place,  time and date as the
Company and Parent may agree in writing (the "Closing Date").

                                  ARTICLE III
                 MERGER CONSIDERATION; CONVERSION OF SECURITIES

      Section 3.1 Manner and Basis of Converting Capital Stock. At the Effective
Time, by virtue of the Merger and without any action on the part of the Company,
Parent or Acquisition Corp. or the holders of any outstanding  shares of capital
stock or other securities of the Company, Parent or Acquisition Corp.:

          (a) Acquisition  Corp.  Stock.  Each share of common stock,  par value
     $0.00001 per share, of Acquisition Corp. issued and outstanding immediately
     prior to the  Effective  Time shall be converted  into and become one fully
     paid and  nonassessable  share of capital  stock,  par value  $0.00001  per
     share, of the Surviving  Corporation,  such that Parent shall be the holder
     of all of the  issued  and  outstanding  shares  of  capital  stock  of the
     Surviving Corporation following the Merger.

          (b) Company  Common  Stock.  Except as provided in Section  3.1(f) and
     Section  3.2(d)  hereof,  each share of  Company  Common  Stock  issued and
     outstanding immediately prior to the Effective Time shall be converted into
     the right to receive one-half of one (0.5) share of Parent Common Stock.

                                       8
<PAGE>

          (c) Company  Series A Preferred  Stock.  Except as provided in Section
     3.1(f) and Section 3.2(d) hereof,  each share of Company Series A Preferred
     Stock issued and outstanding  immediately prior to the Effective Time shall
     be  converted  into the right to  receive  one-half  of one (0.5)  share of
     Parent Common Stock.

          (d) Company  Series B Preferred  Stock.  Except as provided in Section
     3.1(f) and Section 3.2(d) hereof,  each share of Company Series B Preferred
     Stock issued and outstanding  immediately prior to the Effective Time shall
     be  converted  into the right to receive (i) one-half of one (0.5) share of
     Parent  Common Stock to be issued as of the  Effective  Time (the "Series B
     Initial  Exchange  Shares") plus (ii) the number of shares of Parent Common
     Stock,  if any,  equal to the sum of (X) the  aggregate  number of Series B
     Initial Exchange Shares multiplied by the Ratchet  Quotient,  minus (Y) the
     aggregate  number of Series B Initial Exchange Shares (the shares of Parent
     Common Stock, if any, to be issued in accordance with the foregoing  clause
     (ii), the "Series B Ratchet Shares").  All determinations  with respect to,
     and any  issuance  of,  Series B  Ratchet  Shares  in  accordance  with the
     foregoing  clause (ii) shall be made as of the  termination  of the Private
     Placement.

          (e) Company  Series C Preferred  Stock.  Except as provided in Section
     3.1(f) and Section 3.2(d) hereof,  each share of Company Series C Preferred
     Stock issued and outstanding  immediately prior to the Effective Time shall
     be converted  into the right to receive (i) one-half of one (0.5) of Parent
     Common Stock to be issued as of the  Effective  Time (the "Series C Initial
     Exchange Shares") plus (ii) the number of shares of Parent Common Stock, if
     any,  equal to the sum of (X) the  aggregate  number  of  Series C  Initial
     Exchange Shares multiplied by the Ratchet Quotient, minus (Y) the aggregate
     number of Series C Initial  Exchange  Shares (the  shares of Parent  Common
     Stock, if any, to be issued in accordance  with the foregoing  clause (ii),
     the "Series C Ratchet Shares"). All determinations with respect to, and any
     issuance  of,  Series C Ratchet  Shares in  accordance  with the  foregoing
     clause (ii) shall be made as of the termination of the Private Placement.

          (f) Treasury Stock. Notwithstanding any provision of this Agreement to
     the contrary,  each share of Company  Capital Stock held in the treasury of
     the  Company  and each share of Company  Capital  Stock,  if any,  owned by
     Parent  or  any  direct  or  indirect  wholly-owned  subsidiary  of  Parent
     immediately prior to the Effective Time shall be canceled in the Merger and
     shall not be  converted  into the right to  receive  any  shares of capital
     stock or other securities of Parent.

          (g) No Fractional  Shares. No fractional shares of Parent Common Stock
     shall be issued in, or as a result of, the Merger.  Any fractional share of
     Parent Common Stock that a holder of record of Company  Capital Stock would
     otherwise  be  entitled  to  receive  as a result  of the  Merger  shall be
     aggregated.  If a fractional share of Parent Common Stock results from such
     aggregation,  the  number of shares  required  to be issued to such  record
     holder shall be rounded up to the nearest  whole number of shares of Parent
     Common Stock.

                                       9
<PAGE>

Section 3.2    Surrender and Exchange of Certificates.

          (a) Letter of Transmittal.  Promptly after the Effective Time,  Parent
     shall mail, or cause to be mailed,  to each record holder of certificate(s)
     formerly representing ownership of Company Capital Stock that was converted
     into the right to receive  Parent  Common  Stock  pursuant  to Section  3.1
     hereof (i) a letter of transmittal  ("Letter of Transmittal")  for delivery
     of such  certificate(s) to Parent and (ii) instruction for use in effecting
     the  surrender  of  certificate(s),  in each  case in  form  and  substance
     mutually  agreeable to the Company and Parent.  Delivery shall be effected,
     and risk of loss and title to the Parent Common Stock shall pass, only upon
     delivery  to  the  Parent  (or  a  duly  authorized  agent  of  Parent)  of
     certificate(s) formerly representing ownership of Company Capital Stock (or
     an affidavit of lost certificate and  indemnification or surety bond) and a
     properly completed and duly executed Letter of Transmittal, as described in
     Section 3.2(b) hereof.  Notwithstanding the foregoing,  Parent shall not be
     required to mail,  or cause to be mailed,  a Letter of  Transmittal  to any
     record holder of certificate(s)  formerly representing ownership of Company
     Capital  Stock if such holder has  previously  agreed or  consented  to the
     exchange  of  certificates  that are held in custody by the Company for the
     benefit of such holder.

          (b)  Exchange  Procedures.  Parent  shall issue to each former  record
     holder of  Company  Capital  Stock,  upon  delivery  to  Parent  (or a duly
     authorized  agent of Parent) of (i)  certificate(s)  formerly  representing
     ownership of Company Capital Stock endorsed in blank or accompanied by duly
     executed   stock  powers  (or  an  affidavit   of  lost   certificate   and
     indemnification  in form and  substance  reasonably  acceptable  to  Parent
     stating that, among other things,  the former record holder has lost his or
     her  certificate(s)  or that such  certificate(s)  have been destroyed) and
     (ii) a properly  completed and duly executed  Letter of Transmittal in form
     and  substance   reasonably   satisfactory  to  Parent,  a  certificate  or
     certificates   registered   in  the  name  of  such  former  record  holder
     representing  the number of shares of Parent  Common Stock that such former
     record holder is entitled to receive in accordance with Section 3.1 hereof.
     Subject to Section 3.2(d) hereof,  until the  certificate(s) (or affidavit)
     is  delivered  together  with  the  Letter  of  Transmittal  in the  manner
     contemplated  by this  Section  3.2(b),  each  certificate  (or  affidavit)
     previously  representing ownership of Company Capital Stock shall be deemed
     at and after the  Effective  Time to  represent  only the right to  receive
     Parent  Common Stock and the former record  holders  thereof shall cease to
     have any other rights with respect to his or her Company Capital Stock.

          (c)  Termination  of Exchange  Process.  Any Parent  Common Stock that
     remains unclaimed by a former record holder of Company Capital Stock at the
     first  anniversary  of  the  Effective  Time  shall  be  deemed  "abandoned
     property" and shall be subject to applicable  abandoned  property,  escheat
     and  other  similar  laws in the State in which the  former  record  holder
     resides.  None of the Company,  Parent,  Acquisition Corp. or the Surviving
     Corporation  shall be liable to any person in respect of any Parent Company
     Stock delivered to a public official  pursuant to any applicable  abandoned
     property, escheat or similar law.

            (d)  Dissenting  Shares.   Notwithstanding  any  provision  of  this
      Agreement  to the  contrary,  shares of Company  Capital  Stock issued and
      outstanding  immediately  prior  to  the  Effective  Time  and  held  by a
      Stockholder who has not voted in favor of the Merger or consented  thereto
      in  writing  and who has  demanded  appraisal  for such  shares of Company
      Capital  Stock in  accordance  with  Section 262 of the DGCL  ("Dissenting
      Shares")  shall  not be  entitled  to vote  for  any  purpose  or  receive
      dividends,  shall not be converted into the right to receive Parent Common
      Stock in accordance with Section 3.1 hereof, and shall only be entitled to
      receive such consideration as shall be determined  pursuant to Section 262
      of the DGCL;  provided,  however,  that if, after the Effective Time, such
      Stockholder  fails to  perfect or  withdraws  or loses his or her right to
      appraisal or otherwise  fails to establish  the right to be paid the value
      of such Stockholder's shares of Company Capital Stock under the DGCL, such
      shares of Company  Capital Stock shall be treated as if they had converted
      as of the Effective  Time into the right to receive Parent Common Stock in
      accordance  with  Section 3.1 hereof,  and such shares of Company  Capital
      Stock shall no longer be Dissenting  Shares. All negotiations with respect
      to payment for  Dissenting  Shares shall be handled  jointly by Parent and
      the Company prior to the Closing and exclusively by Parent thereafter.

                                       10
<PAGE>

            (e) Stock Transfer  Books. At the Effective Time, the stock transfer
      books  of the  Company  will  be  closed  and  there  will  be no  further
      registration of transfers of shares of Company Capital Stock thereafter on
      the records of the Company.  If, after the  Effective  Time,  certificates
      formerly representing Company Capital Stock are presented to the Surviving
      Corporation,  these  certificates  shall be canceled and exchanged for the
      number of shares of Parent  Common Stock to which the former record holder
      may be entitled pursuant to Section 3.1 hereof.

Section 3.3    Options, Warrants, Incentive Plan and Series C Bridge Notes.

            (a) Common  Stock  Options.  The Company has issued and  outstanding
      warrants  and  options  to  purchase   shares  of  Company   Common  Stock
      (collectively,  the "Common Stock  Options").  At the  Effective  Time, by
      virtue of the Merger and  without  any action on the part of the  Company,
      Parent or Acquisition Corp. or the holders of any outstanding Common Stock
      Options,  the right to acquire  shares of Company  Common Stock under each
      Common Stock Option shall be converted  into the right to acquire  exactly
      one-half  (1/2) as many shares of Parent Common Stock at an exercise price
      equal to two times the exercise  price stated in the Common Stock  Option,
      subject in all  respects to all other terms and  conditions  of the Common
      Stock  Option.  Except for the change in  security  underlying  the Common
      Stock Options from Company Common Stock to Parent Common Stock,  the ratio
      of  exchange  and the change in  exercise  price,  it is the intent of the
      parties  hereto that the Common Stock  Options  shall  continue  after the
      Effective  Time,  and that the terms and  conditions  of the Common  Stock
      Options shall otherwise remain unchanged.

            (b) Series B  Warrants.  The  Company  has  issued  and  outstanding
      warrants  to  purchase   shares  of  Company  Series  B  Preferred   Stock
      (collectively,  the "Series B Warrants"). At the Effective Time, by virtue
      of the Merger and without any action on the part of the Company, Parent or
      Acquisition Corp. or the holders of any outstanding Series B Warrants, the
      right to acquire  shares of Company  Series B  Preferred  Stock  under the
      Series B Warrants  shall be  converted  into the right to acquire  exactly
      one-half  (1/2) as many shares of Parent Common Stock at an exercise price
      per share of Parent  Common  Stock  equal to the Blended  Offering  Price,
      subject  in all  respects  to the terms  and  conditions  of the  Series B
      Warrants.  Except  for the  change in  security  underlying  the  Series B
      Warrants from Company Series B Preferred Stock to Parent Common Stock, the
      ratio of exchange and the change in exercise price to the Blended Offering
      Price,  it is the intent of the parties  hereto that the Series B Warrants
      shall continue after the Effective Time, and that the terms and conditions
      of the Series B Warrants shall otherwise remain unchanged.

                                       11
<PAGE>

            (c) Series C  Warrants.  The  Company  has  issued  and  outstanding
      warrants  to  purchase   shares  of  Company  Series  C  Preferred   Stock
      (collectively,  the "Series C Warrants"). At the Effective Time, by virtue
      of the Merger and without any action on the part of the Company, Parent or
      Acquisition Corp. or the holders of any outstanding Series C Warrants, the
      right to acquire  shares of Company  Series C  Preferred  Stock  under the
      Series C Warrants  shall be  converted  into the right to acquire  exactly
      one-half  (1/2) as many shares of Parent Common Stock at an exercise price
      per share of Parent  Common  Stock  equal to the Blended  Offering  Price,
      subject  in all  respects  to the terms  and  conditions  of the  Series C
      Warrants.  Except  for the  change in  security  underlying  the  Series C
      Warrants from Company Series C Preferred Stock to Parent Common Stock, the
      ratio of exchange and the change in exercise price to the Blended Offering
      Price,  it is the intent of the parties  hereto that the Series C Warrants
      shall continue after the Effective Time, and that the terms and conditions
      of the Series C Warrants shall otherwise remain unchanged.

            (d)  Incentive  Plans.  The Company has adopted and maintains a 2004
      Long-Term   Incentive   Plan   and  a  2005   Long-Term   Incentive   Plan
      (collectively,  the "Incentive  Plans") and has previously  granted awards
      pursuant to the Incentive  Plans.  At the Effective Time, by virtue of the
      Merger  and  without  any  action  on the part of the  Company,  Parent or
      Acquisition  Corp.  or  the  recipient  of any  award  granted  under  the
      Incentive  Plans,  the Incentive  Plans shall continue as a plan of Parent
      and all awards  previously  granted  under the  Incentive  Plans  shall be
      exercisable  solely for shares of Parent  Common Stock at a ratio equal to
      one-half of one (.5) share of Parent  Common  Stock for each one (1) share
      of Company Common Stock. Except for the change in security underlying each
      award  previously  granted  under  the  Incentive  Plans  and the ratio of
      exchange,  it is the  intent  of the  parties  hereto  that the  terms and
      conditions of the Incentive Plans shall otherwise remain unchanged. Parent
      shall  take  all  action  necessary  and  appropriate,  at or prior to the
      Effective  Time,  to  authorize  and  reserve a number of shares of Parent
      Common Stock  sufficient  for issuance  with respect to awards  previously
      granted by the Company pursuant to the Incentive Plans.

            (e) Series C Bridge  Notes.  The Company has issued and  outstanding
      Series C Bridge Notes.  At the Effective Time, by virtue of the Merger and
      without any action on the part of the Company, Parent or Acquisition Corp.
      or the holders of any  outstanding  Series C Bridge  Notes,  each Series C
      Bridge Note shall be convertible  solely into units  consisting of (i) the
      number of shares of Parent Common Stock equal to the quotient  obtained by
      dividing the  principal  amount of the Series C Bridge Note by the Blended
      Offering  Price,  and (ii) a warrant to  purchase  the number of shares of
      Parent  Common  Stock equal to (A) the  quotient  obtained by dividing the
      principal amount of the Series C Bridge Note by the Blended Offering Price
      multiplied by (B) 0.25. Except for the change in the securities into which
      Series C Bridge  Notes are  convertible,  it is the intent of the  parties
      hereto that the Series C Bridge Notes shall  continue  after the Effective
      Time as obligations of the Surviving  Corporation,  and that the terms and

                                       12
<PAGE>

      conditions of the Series C Bridge Notes shall otherwise remain  unchanged.
      Any warrants to purchase  shares of Parent Common Stock issued pursuant to
      this  Section  3.3(e)  shall be on the same  terms and  conditions  as the
      Series C  Warrants  except  that the  exercise  price  per share of Parent
      Common Stock  underlying  each such warrant  shall be equal to the Blended
      Offering Price.

            (f)  Issuance  of  Replacement  Securities.  In order to effect  the
      foregoing transactions  referenced in this Section 3.3, on the termination
      of the Private Placement,  the Common Stock Options, Series B Warrants and
      Series C Warrants shall be terminated and the Parent shall issue new forms
      of options or warrants,  as  applicable,  to purchase  Parent Common Stock
      consistent with the adjustments and changes set forth in this Section 3.3.

            (g) No Fractional Shares.  Notwithstanding  anything to the contrary
      in this Section 3.3, no fractional shares of the Parent Common Stock shall
      be issued in, or as a result of, the Merger.  Any fractional  share of the
      Parent  Common Stock that a Person would  otherwise be entitled to receive
      as a result of the  transactions  referenced  in this Section 3.3 shall be
      rounded up to the nearest whole number of shares of Parent Common Stock.

      Section 3.4 Parent Common Stock.  Parent shall reserve a sufficient number
of shares of Parent  Common  Stock to complete  the  conversion  and exchange of
Company Capital Stock into Parent Common Stock  contemplated by Sections 3.1 and
3.2 hereof  and the  issuance  of any Parent  Common  Stock in  accordance  with
Section  3.3 hereof and  pursuant  to  warrants  sold in the  Private  Placement
including warrants issuable to the Placement Agent.  Parent covenants and agrees
that  immediately  prior  to the  Effective  Time  there  will be no  more  than
1,500,000  shares of Parent Common Stock issued and  outstanding,  not including
the shares of Parent  Common  Stock to be issued in the Private  Placement,  and
that no other common or preferred stock or equity  securities of the Parent,  or
any options,  warrants,  rights or other agreements or instruments  convertible,
exchangeable or exercisable into common or preferred stock or equity  securities
of the Parent, shall be issued or outstanding at the Effective Time.

                                   ARTICLE IV
                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

      The Company  hereby  represents  and  warrants  to Parent,  subject to the
exceptions  as disclosed in the written  disclosure  statement  delivered by the
Company  to Parent no later than five (5) days  prior to the  Closing  Date (the
"Company Disclosure Schedule"), as follows:

      Section 4.1 Organization.  The Company and each of its subsidiaries (i) is
duly organized,  validly existing and in good standing (or its equivalent) under
the laws of its state,  province and country of  incorporation  or organization,
(ii) has all licenses,  permits,  authorizations and other Consents necessary to
own, lease and operate its properties and assets and to carry on its business as
it is now  being  conducted  and  (iii)  has all  requisite  corporate  or other
applicable  power and  authority to own,  lease and operate its  properties  and
assets and to carry on its business as it is now being  conducted  and presently
proposed to be  conducted,  in each case except  where such  failures  would not

                                       13
<PAGE>

have, or be reasonably  likely to have, a Company Material  Adverse Effect.  The
Company and each of its  subsidiaries is duly qualified or authorized to conduct
business and is in good standing (or its equivalent) as a foreign corporation or
other entity in all jurisdictions in which the ownership or use of its assets or
nature of the business conducted by it makes such qualification or authorization
necessary,  except where the failure to be so duly qualified,  authorized and in
good  standing  would  not  have  a  Company   Material   Adverse  Effect.   All
jurisdictions  in which  the  Company  and its  subsidiaries  are  incorporated,
required to be so qualified  and are so qualified  are set forth in all material
respects on the attached Schedule 4.1 of the Company Disclosure Schedule.

      Section  4.2  Authorization;  Validity of  Agreement.  The Company has all
requisite  corporate  power and authority to execute and deliver this  Agreement
and to consummate the transactions contemplated hereby. The execution,  delivery
and  performance  by the Company of this Agreement and the  consummation  of the
transactions  contemplated  hereby,  have been duly  authorized  by the Board of
Directors  of the  Company  and no other  action  (except  the  approval  of the
Stockholders  solely with respect to  consummation of the Merger) on the part of
the Company or any of its Stockholders or subsidiaries is necessary to authorize
the  execution  and  delivery  of this  Agreement  and the  consummation  of the
transactions  contemplated  hereby.  This  Agreement  has been duly executed and
delivered by the Company (and  assuming due and valid  authorization,  execution
and  delivery  hereof by Parent and  Acquisition  Corp.) is a valid and  binding
obligation of the Company,  enforceable  against the Company in accordance  with
its terms,  except as such enforcement is limited by bankruptcy,  insolvency and
other similar laws affecting the enforcement of creditors'  rights generally and
by general principles of equity.

      Section 4.3 Capitalization.

            (a) As of the  date  hereof,  the  authorized  capital  stock of the
      Company  consists  of  75,000,000  shares  of  Company  Common  Stock  and
      17,000,000 shares of Company Preferred Stock. As of the date hereof, there
      are 21,838,597 shares of Company Common Stock, 2,716,050 shares of Company
      Series A Preferred  Stock,  3,319,664 shares of Company Series B Preferred
      Stock and 254,366  shares of Company  Series C Preferred  Stock issued and
      outstanding.  All the outstanding shares of Company Capital Stock are duly
      authorized,  validly  issued,  fully paid and  non-assessable.  All of the
      outstanding shares of Company Capital Stock are held of record and, to the
      knowledge  of  the  Company,  beneficially  by  the  Persons  and  in  the
      respective  amounts set forth on Schedule 4.3(a) of the Company Disclosure
      Schedule,  free and clear of any and all Liens created by the Company. All
      options,  warrants,  calls,  subscriptions  or other  rights,  convertible
      securities,  agreements or  commitments  of any character  obligating  the
      Company to issue, transfer or sell any shares of Company Capital Stock, or
      other equity  interest in the Company or  securities  convertible  into or
      exchangeable  for  such  shares  or  equity  interests,  are set  forth on
      Schedule 4.3(a) of the Company Disclosure Schedule.

            (b) The  subsidiaries of the Company set forth on Schedule 4.3(b) of
      the Company  Disclosure  Schedule are all the subsidiaries of the Company.
      All of the  outstanding  shares of  capital  stock (or  limited  liability
      company   interests)   of  each   subsidiary  of  the  Company  are  owned
      beneficially  and of record as set forth on Schedule 4.3(b) of the Company
      Disclosure  Schedule,  free and  clear of  Liens.  All of the  outstanding
      shares of capital stock (or limited liability  company  interests) of each
      subsidiary  are  duly   authorized,   validly   issued,   fully  paid  and
      non-assessable.

                                       14
<PAGE>

      There are no options,  warrants,  calls,  subscriptions  or other  rights,
      convertible  securities,   agreements  or  commitments  of  any  character
      obligating  any  subsidiary of the Company to issue,  transfer or sell any
      shares of capital  stock or other equity  interest in, such  subsidiary or
      securities  convertible  into or  exchangeable  for such  shares or equity
      interests.

      Section 4.4 Consents and Approvals; No Violations. Except for (a) approval
of the Merger by the  Stockholders  and (b) filing of the  certificate of merger
with the  Secretary  of State of the State of Delaware,  neither the  execution,
delivery or performance of this Agreement by the Company nor the consummation of
the  transactions  contemplated  hereby will (i) violate  any  provision  of its
certificate of incorporation or by-laws;  (ii) violate,  conflict with or result
in a breach of any  provision  of, or  constitute  a default (or an event which,
with notice or lapse of time or both, would constitute a default) under, require
the  consent of or result in the  creation  of any  encumbrance  upon any of the
properties of the Company or any of its  subsidiaries  under, any material note,
bond, mortgage,  indenture,  deed of trust, license,  franchise,  permit, lease,
contract, agreement or other instrument (collectively,  "Contract") to which the
Company or any its  subsidiaries  or any of their  respective  properties may be
bound; (iii) require any Consent, approval or authorization of, or notice to, or
declaration,  filing or registration  with, any  governmental  entity by or with
respect to the Company or any of its  subsidiaries;  or (iv)  violate any order,
writ, judgment,  injunction, decree, law, statute, rule or regulation applicable
to the Company or any of its subsidiaries or any of their respective  properties
or assets.

      Section  4.5  Financial  Statements.  The Company  has  delivered  or made
available as of the date hereof or shall,  prior to the Closing Date, deliver or
make available to Parent the  consolidated and  consolidating  balance sheets of
the  Company  for  the  fiscal  year  ended   December  31,  2003,  the  related
consolidated and consolidating  statements of income,  stockholders'  equity and
cash flows of the Company for the fiscal year ended  December 31, 2003,  and the
consolidated and  consolidating  balance sheet (the "Balance Sheet") and related
statements  of  income  and  cash  flows  for the nine (9)  month  period  ended
September  30,  2004  (the  "Balance  Sheet  Date").  The  foregoing   financial
statements  (including  any notes thereto) (i) have been prepared based upon the
books and records of the Company,  (ii) have been  prepared in  accordance  with
GAAP (except as otherwise  noted  therein),  and (iii)  present  fairly,  in all
material respects,  the consolidated  financial position,  results of operations
and cash flows of the Company as at their  respective  dates and for the periods
then  ended,  subject to the  qualifications  set forth in  Schedule  4.5 of the
Company  Disclosure  Schedule.  To the  knowledge  of the  Company,  there is no
existing  fact  that  has not been  disclosed  to  Parent  that has had or could
reasonably be expected to have a Company Material Adverse Effect.

      Section  4.6  No  Undisclosed  Liabilities.  Except  (a)  for  Liabilities
reflected on the face of the Balance Sheet and (b) Liabilities of the same type,
magnitude  and scope as those  reflected on the Balance  Sheet which have arisen
since the date of the Balance  Sheet in the  ordinary  course of  business,  and
which would not, individually or in the aggregate,  result in a Company Material
Adverse  Effect,  each of the  Company  and its  subsidiaries  does not have any
Liability.

      Section 4.7 Litigation. There is no Action pending or, to the knowledge of
the Company, threatened,  involving the Company or its subsidiaries or affecting
any of the officers,  directors or employees of the Company or its  subsidiaries
with  respect to the  Company's  or any  subsidiary's  business by or before any
governmental entity or by any third party and neither the Company nor any of its
subsidiaries  have received  notice that any such Action is threatened.

                                       15
<PAGE>

      Neither the Company nor any of its  subsidiaries  is in default  under any
      judgment,  order or decree of any  governmental  entity  applicable to its
      business.

      Section 4.8 No  Default;  Compliance  with  Applicable  Laws.  Neither the
Company nor any of its  subsidiaries  is in default or violation of any material
term,   condition  or  provision  of  (i)  their   respective   certificate   of
incorporation,  by-laws  or  similar  organizational  documents  or (ii) any law
applicable  to the Company and its  subsidiaries  or its property and assets and
neither the  Company  nor any of its  subsidiaries  has  received  notice of any
violation of or Liability under any of the foregoing (whether material or not).

      Section 4.9 Broker's and Finder's  Fees.  Except for the  Placement  Agent
whose  fees and  expenses  will be paid  from the gross  proceeds  raised in the
Private  Placement,   no  Person  has,  or  as  a  result  of  the  transactions
contemplated or described herein will have, any right or valid claim against the
Company, Parent, Acquisition Corp. or any Stockholder for any commission, fee or
other compensation as a finder or broker, or in any similar capacity.

      Section  4.10  Schedule  of  Assets  and  Contracts.  Attached  hereto  as
Schedules 4.10(a) through 4.10(e) of the Company Disclosure Schedule are various
schedules listing assets and Contracts of the Company, as described below.

            (a) Schedule  4.10(a)  contains a true and complete list of all real
      property owned or leased by the Company,  including a brief description of
      each item thereof and of the nature of the Company's interest therein, and
      of all tangible  personal property owned or leased by the Company having a
      cost or fair  market  value of greater  than  $100,000,  including a brief
      description  of each item and of the nature of the interest of the Company
      therein.  All leased real property listed on Schedule 4.10(a) is leased by
      the Company  under valid and  enforceable  leases having the rental terms,
      termination  dates and renewal and purchase options  described on Schedule
      4.10(a).

            (b) Except for this Agreement and the Memorandum, the Company is not
      a party to any Contract not made in the ordinary  course of business  that
      is material to the  Company.  Except as listed on  Schedule  4.10(b),  the
      Company is not a party to any contract (a) with a labor union, (b) for the
      purchase of fixed  assets or for the  purchase of  materials,  supplies or
      equipment  in  excess  of  normal  operating  requirements,  (c)  for  the
      employment  of any  officer,  individual  employee  or other  Person  on a
      full-time  basis or any contract with any Person for consulting  services,
      (d) with respect to bonus,  pension,  profit  sharing,  retirement,  stock
      purchase, stock option, deferred compensation, medical, hospitalization or
      life insurance or similar plan,  contract or  understanding  any or all of
      the  employees  of the  Company or any other  Person,  (e)  relating to or
      evidencing  Indebtedness  for Borrowed  Money or  subjecting  any asset or
      property of the Company to any Lien or evidencing  any  Indebtedness,  (f)
      guaranteeing  any  Indebtedness,  (g) other than as set forth on  Schedule
      4.10(a),  under which the  Company is lessee of or holds or  operates  any
      property, real or personal, owned by any other Person under which payments
      to such  Person  exceed  $100,000  per  year or  with  an  unexpired  term
      (including  any period  covered by an option to renew  exercisable  by any
      other  party) of more than 60 days,  (h) under which the Company is lessor
      or permits any Person to hold or operate any  property,  real or personal,
      owned or controlled  by the Company,  (i) granting any  preemptive  right,
      right of first  refusal  or  similar  right  to any  Person,  (j) with any
      Affiliate  of the  Company or any present or former  officer,  director or
      Stockholder of the Company,  (k) obligating the Company to pay any royalty
      or  similar  charge  for  the  use  or  exploitation  of any  tangible  or
      intangible  property,  (1)  containing  a covenant not to compete or other
      restriction  on the  Company's  ability to conduct a business or engage in
      any  other  activity,  (m)  with  respect  to  any  distributor,   dealer,
      manufacturer's  representative,  sales  agency,  franchise or  advertising
      contract or commitment, (n) regarding registration of securities under the
      Securities Act, (o) characterized as a collective bargaining agreement, or
      (p) with any Person continuing for a period of more than three months from
      the Closing Date which  involves an  expenditure or receipt by the Company
      in excess of $100,000.

                                       16
<PAGE>

            (c)  Schedule   4.10(c)  contains  a  true  and  complete  list  and
      description of all insurance  policies and insurance coverage with respect
      to the Company, its business, premises,  properties, assets, employees and
      agents  including,   without  limitation,  fire  and  casualty  insurance,
      property  and  liability  insurance,  product  liability  insurance,  life
      insurance,  medical  and  hospital  insurance  and  workers'  compensation
      insurance. Schedule 4.10(c) sets forth, with respect to each policy, (i) a
      general description of the insured loss coverage, (ii) the expiration date
      of coverage,  (iii) the annual premium and (iv) the dollar  limitations of
      coverage and a general description of each deductible feature.

            (d)  Schedule   4.10(d)  contains  a  true  and  complete  list  and
      description  of  each  bank  account,   savings  account,   other  deposit
      relationship and safety deposit box of the Company,  including the name of
      the bank or other  depository,  the  account  number  and the names of the
      individuals  having signature or other  withdrawal  authority with respect
      thereto.

            (e)  Schedule  4.10(e)  contains  a true  and  complete  list of all
      patents,   patent  applications,   trade  names,   trademarks,   trademark
      registrations and applications,  copyrights,  copyright  registrations and
      applications, and grants of licenses, both domestic and foreign, presently
      owned,  possessed,  used or held by the  Company.  Schedule  4.10(e)  also
      contains a true and  complete  list of all  licenses  granted to or by the
      Company with respect to the foregoing.  The patents,  patent applications,
      trade  names,   trademarks,   trademark  registrations  and  applications,
      copyrights,   copyright  registrations  and  applications  and  grants  of
      licenses set forth on Schedule  4.10(e) (i) are not subject to any pending
      or, to the Company's knowledge, threatened challenge, (ii) are not subject
      to any Lien and (iii) can and will be  transferred  by the  Company to the
      Surviving Corporation as a result of the Merger and without the consent of
      any Person other than the Company.  Neither the  execution nor delivery of
      this  Agreement,  nor the  consummation of the  transactions  contemplated
      hereby,  will give any  licensor  or  licensee of the Company any right to
      change the terms or  provisions  of,  terminate or cancel,  any license to
      which the Company is a party.

            (f) The Company has made available to Parent and  Acquisition  Corp.
      true and complete copies of all Contracts and other documents disclosed or
      referred to on Schedules 4.10(a) through 4.10(e) of the Company Disclosure
      Schedule,  as well as any  additional  Contracts,  requested  by Parent or
      Acquisition Corp.

                                       17
<PAGE>

      Section 4.11 Tax Returns and Audits. All required federal, state and local
Tax Returns of the Company  have been  accurately  prepared  and duly and timely
filed,  and all federal,  state and local Taxes required to be paid with respect
to the periods  covered by such returns  have been paid.  The Company is not and
has not been delinquent in the payment of any Tax. The Company has not had a Tax
deficiency  proposed or assessed against it and has not executed a waiver of any
statute of  limitations  on the assessment or collection of any Tax. None of the
Company's  federal income Tax Returns nor any state or local income or franchise
Tax Returns has been audited by governmental authorities. The reserves for Taxes
reflected on the Balance Sheet are and will be sufficient for the payment of all
unpaid  Taxes  payable by the  Company as of the Balance  Sheet Date.  Since the
Balance  Sheet Date,  the Company has made  adequate  provisions on its books of
account for all Taxes with respect to its business,  properties  and  operations
for such period. The Company has withheld or collected from each payment made to
each of its  employees the amount of all Taxes  (including,  but not limited to,
federal,  state and local income taxes, Federal Insurance Contribution Act taxes
and Federal  Unemployment  Tax Act taxes)  required to be withheld or  collected
therefrom,  and has  paid the  same to the  proper  Tax  receiving  officers  or
authorized  depositaries.  There are no federal, state, local or foreign audits,
actions,   suits,   proceedings,   investigations,   claims  or   administrative
proceedings relating to Taxes or any Tax Returns of the Company now pending, and
the Company has not received any notice of any proposed audits,  investigations,
claims or administrative  proceedings  relating to Taxes or any Tax Returns. The
Company is not  obligated to make a payment,  nor is it a party to any agreement
that under certain circumstances could obligate it to make a payment, that would
not be deductible under Section 280G of the Code. The Company has not agreed nor
is required to make any  adjustments  under  Section  481(a) of the Code (or any
similar  provision  of state,  local and  foreign  law) by reason of a change in
accounting  method or  otherwise  for any Tax  period  for which the  applicable
statute of  limitations  has not yet expired.  The Company is not a party to, is
not bound by and does not have any obligation under, any Tax sharing  agreement,
Tax  indemnification  agreement  or similar  contract  or  arrangement,  whether
written or unwritten (collectively,  "Tax Sharing Agreements"), nor does it have
any potential  liability or obligation to any Person as a result of, or pursuant
to, any Tax Sharing Agreements.

      Section 4.12 Patents and Other Intangible Assets.

            (a)  Except  as  set  forth  on  Schedule  4.10(e)  of  the  Company
      Disclosure  Schedule,  the Company (i) owns or has the right to use,  free
      and clear of all Liens,  all patents,  trademarks,  service  marks,  trade
      names, copyrights,  licenses and rights with respect to the foregoing used
      in or  necessary  for the  conduct of its  business  as now  conducted  or
      proposed to be  conducted  without  infringing  upon or  otherwise  acting
      adversely  to the  right  or  claimed  right of any  Person  under or with
      respect to any of the  foregoing  and (ii) is not  obligated  or under any
      obligation to make any payments by way of royalties,  fees or otherwise to
      any owner or licensor  of, or other  claimant  to, any patent,  trademark,
      service  mark,  trade name,  copyright  or other  intangible  asset,  with
      respect  to the use  thereof  or in  connection  with the  conduct  of its
      business or otherwise.

            (b) To the best  knowledge of the Company,  the Company owns and has
      the  unrestricted  right  to use all  trade  secrets,  if  any,  including
      know-how,  negative  know-how,   formulas,  patterns,  programs,  devices,
      methods, techniques, inventions, designs, processes, computer programs and
      technical  data and all  information  that  derives  independent  economic
      value,  actual or potential,  from not being  generally  known or known by
      competitors  (collectively,   "Intellectual  Property")  required  for  or
      incident  to the  development,  operation  and  sale of all  products  and
      services sold by the Company,  free and clear of any right,  Lien or claim
      of others.  All  Intellectual  Property can and will be transferred by the
      Company to the Surviving Corporation as a result of the Merger and without
      the consent of any Person other than the Company.

                                       18
<PAGE>

      Section 4.13 Employee Benefit Plans;  ERISA.  Schedule 4.13 of the Company
Disclosure  Schedule  lists all "employee  benefit plans" (within the meaning of
Section  3(3) of the  ERISA)  and  other  employee  benefit  or  fringe  benefit
arrangements,  practices,  contracts,  policies or programs of every type, other
than programs  merely  involving the regular payment of wages,  commissions,  or
bonuses  established,  maintained  or  contributed  to by the  Company,  whether
written or  unwritten  and whether or not funded.  The plans  listed on Schedule
4.13 are hereinafter referred to as the "Employee Benefit Plans."

            (a)  All  current  and  prior  material  documents,   including  all
      amendments  thereto,  with respect to each Employee Benefit Plan have been
      made available to Parent and Acquisition Corp.

            (b) To the knowledge of the Company,  all Employee Benefit Plans are
      in material compliance with the applicable requirements of ERISA, the Code
      and any other applicable state, federal or foreign law.

            (c) There are no pending  claims or lawsuits that have been asserted
      or instituted  against any Employee Benefit Plan, the assets of any of the
      trusts or funds under the Employee  Benefit Plans, the plan sponsor or the
      plan  administrator  of any of the Employee  Benefit  Plans or against any
      fiduciary of an Employee  Benefit  Plan with  respect to the  operation of
      such  plan,  nor does the  Company  have any  knowledge  of any  incident,
      transaction, occurrence or circumstance which might reasonably be expected
      to form the basis of any such claim or lawsuit.

            (d)  There  is no  pending  or,  to the  knowledge  of the  Company,
      contemplated  investigation,  or pending or possible enforcement action by
      the Pension Benefit  Guaranty  Corporation,  the Department of Labor,  the
      Internal  Revenue Service or any other  government  agency with respect to
      any  Employee  Benefit  Plan  and  the  Company  has no  knowledge  of any
      incident,  transaction,  occurrence or circumstance which might reasonably
      be expected to trigger such an investigation or enforcement action.

            (e) No  actual  or,  to the  knowledge  of the  Company,  contingent
      Liability  exists with respect to the funding of any Employee Benefit Plan
      or for any other  expense or  obligation  of any  Employee  Benefit  Plan,
      except  as  disclosed  on the  Balance  Sheet  or the  Company  Disclosure
      Schedule,  and no contingent  Liability exists under ERISA with respect to
      any  "multi-employer  plan,"  as  defined  in  Section  3(37)  or  Section
      4001(a)(3) of ERISA.

                                       19
<PAGE>

            (f) No events have occurred or are reasonably expected to occur with
      respect to any Employee Benefit Plan that would cause a material change in
      the costs of providing  benefits under such Employee Benefit Plan or would
      cause a material  change in the cost of providing  such  Employee  Benefit
      Plan.

      Section 4.14 Title to Property and Encumbrances.  The Company has good and
valid title to all  properties  and assets  used in the conduct of its  business
(except for property  held under valid and  subsisting  leases which are in full
force  and  effect  and  which  are not in  default)  free of all  Liens  except
Permitted  Liens  and  such  ordinary  and  customary  imperfections  of  title,
restrictions  and  encumbrances  as do  not,  individually  or in the  aggregate
constitute a Company Material Adverse Effect.

      Section  4.15  Condition  of  Properties.   All   facilities,   machinery,
equipment,  fixtures and other properties  owned,  leased or used by the Company
are in operating condition,  subject to ordinary wear and tear, and are adequate
and sufficient for the Company's existing business.

      Section 4.16 Insurance Coverage.  There is in full force and effect one or
more  policies of  insurance  issued by insurers  of  recognized  responsibility
insuring the Company and its  properties,  products  and  business  against such
losses and risks,  and in such amounts,  as are customary  for  corporations  of
established  reputation  engaged in the same or similar  business and  similarly
situated.  The Company has not been  refused any  insurance  coverage  sought or
applied  for, and the Company has no reason to believe that it will be unable to
renew its  existing  insurance  coverage as and when the same shall  expire upon
terms at least as favorable to those  currently in effect,  other than  possible
increases  in  premiums  that do not  result  from  any act or  omission  of the
Company. No suit,  proceeding or action or, to the best current actual knowledge
of the Company,  threat of suit,  proceeding or action has been asserted or made
against the Company due to alleged bodily injury,  disease,  medical  condition,
death or  property  damage  arising  out of the  function  or  malfunction  of a
product, procedure or service designed, manufactured, sold or distributed by the
Company.

      Section  4.17  Interested  Party  Transactions.  Except  as  disclosed  on
Schedule 4.10(b) of the Company  Disclosure  Schedule,  no officer,  director or
stockholder  of the Company or any  Affiliate  of any such Person or the Company
has or has had,  either  directly or  indirectly,  (a) an interest in any Person
that (i)  furnishes or sells  services or products that are furnished or sold or
are proposed to be furnished  or sold by the Company or (ii)  purchases  from or
sells or  furnishes  to the Company any goods or  services,  or (b) a beneficial
interest  in any  Contract to which the Company is a party or by which it may be
bound or affected.

Section 4.18   Environmental Matters.

            (a)  To  the  knowledge  of  the  Company,  the  Company  has  never
      generated,  used, handled,  treated,  released,  stored or disposed of any
      Hazardous Materials on any real property on which it now has or previously
      had any leasehold or ownership  interest,  except in  compliance  with all
      applicable Environmental Laws.

            (b) To the  knowledge of the  Company,  the  historical  and present
      operations  of the  business  of the Company  are in  compliance  with all
      applicable Environmental Laws, except where any non-compliance has not had
      and would not  reasonably be expected to have a Company  Material  Adverse
      Effect.

                                       20
<PAGE>

            (c) There  are no  material  pending  or,  to the  knowledge  of the
      Company,  threatened,  demands, claims, information requests or notices of
      noncompliance  or  violation  against or to the  Company  relating  to any
      Environmental  Law;  and, to the  knowledge of the  Company,  there are no
      conditions or  occurrences on any of the real property used by the Company
      in connection with its business that would  reasonably be expected to lead
      to any such demands,  claims or notices against or to the Company,  except
      such as have not had,  and would not  reasonably  be expected  to have,  a
      Company Material Adverse Effect.

            (d) To the  knowledge of the Company,  (i) the Company has not, sent
      or disposed  of,  otherwise  had taken or  transported,  arranged  for the
      taking or disposal of (on behalf of itself, a customer or any other party)
      or in any other manner  participated  or been involved in the taking of or
      disposal  or  release  of a  Hazardous  Material  to or at a site  that is
      contaminated  by  any  Hazardous   Material  or  that,   pursuant  to  any
      Environmental Law, (A) has been placed on the "National  Priorities List",
      the  "CERCLIS"  list,  or any  similar  state or federal  list,  or (B) is
      subject  to or the  source of a claim,  an  administrative  order or other
      request  to  take  "removal",   "remedial",   "corrective"  or  any  other
      "response"  action, as defined in any Environmental Law, or to pay for the
      costs of any such action at the site;  (ii) the Company is not involved in
      (and has no basis to  reasonably  expect  to be  involved  in) any suit or
      proceeding and has not received (and has no basis to reasonably  expect to
      receive) any notice,  request for information or other  communication from
      any governmental  authority or other third party with respect to a release
      or threatened  release of any Hazardous Material or a violation or alleged
      violation of any Environmental Law, and has not received (and has no basis
      to  reasonably  expect to  receive)  notice of any claims  from any Person
      relating  to  property  damage,  natural  resource  damage or to  personal
      injuries from exposure to any  Hazardous  Material;  and (iii) the Company
      has timely filed every report required to be filed, acquired all necessary
      certificates,  approvals and permits,  and generated  and  maintained  all
      required data,  documentation and records under all Environmental Laws, in
      all such instances  except where the failure to do so would not reasonably
      be expected to have,  individually or in the aggregate, a Company Material
      Adverse Effect.

      Section 4.19 Disclosure. There is no fact relating to the Company that the
Company has not  disclosed to Parent and  Acquisition  Corp. in writing that has
had or is currently having a Company Material Adverse Effect.  No representation
or warranty by the Company  herein and no  information  disclosed in the Company
Disclosure  Schedule  or  exhibits  hereto by the  Company  contains  any untrue
statement of a material fact or omits to state a material fact necessary to make
the statements contained herein or therein not misleading.

                                   ARTICLE V
         REPRESENTATIONS AND WARRANTIES OF PARENT AND ACQUISITION CORP.

      Parent and Acquisition  Corp. hereby represent and warrant to the Company,
(and the Placement  Agent,  as a third party  beneficiary in connection with the
Private  Placement)  subject  to the  exceptions  as  disclosed  in the  written
disclosure statement delivered by Parent and Acquisition Corp. to the Company no
later  than five (5) days  prior to the  Closing  Date (the  "Parent  Disclosure
Schedule"), as follows:

                                       21
<PAGE>

      Section 5.1 Organization. Each of Parent and Acquisition Corp. (i) is duly
organized,  validly existing and in good standing under the laws of its State of
incorporation or organization,  (ii) has all licenses,  permits,  authorizations
and other Consents necessary to own, lease and operate its properties and assets
and to carry on its  business  as it is now  being  conducted  and (iii) has all
requisite  corporate or other  applicable  power and authority to own, lease and
operate  its  properties  and assets and to carry on its  business  as it is now
being  conducted  and presently  proposed to be  conducted,  in each case except
where such failures  would not have,  or be reasonably  likely to have, a Parent
Material Adverse Effect.  Each of Parent and Acquisition Corp. is duly qualified
or  authorized  to  conduct  business  and  is in  good  standing  as a  foreign
corporation or other entity in all  jurisdictions  in which the ownership or use
of its assets or nature of the business conducted by it makes such qualification
or  authorization  necessary,  except where the failure to be so duly qualified,
authorized  and in good  standing  would  not have an  Parent  Material  Adverse
Effect.

      Section  5.2  Authorization;  Validity  of  Agreement.  Each of Parent and
Acquisition Corp. has all requisite corporate power and authority to execute and
deliver this Agreement and to consummate the transactions  contemplated  hereby.
The execution,  delivery and performance by each of Parent and Acquisition Corp.
of this  Agreement  and all other  agreements  and  instruments  to be  executed
pursuant  to  this  Agreement,   and  the   consummation  of  the   transactions
contemplated hereby, have been duly authorized by the Board of Directors of each
of Parent and Acquisition  Corp. and the stockholders of Acquisition  Corp., and
no other  action  on the part of  either  of Parent  and  Acquisition  Corp.  is
necessary to authorize  the  execution  and delivery of this  Agreement  and the
consummation  by  either  of Parent or  Acquisition  Corp.  of the  transactions
contemplated  hereby. This Agreement has been duly executed and delivered by the
Parent  and  Acquisition  Corp.  (and  assuming  due  and  valid  authorization,
execution and delivery hereof by the Company) is a valid and binding  obligation
of each of Parent and  Acquisition  Corp.,  enforceable  against each of them in
accordance with its terms,  except as such enforcement is limited by bankruptcy,
insolvency and other similar laws affecting the enforcement of creditors' rights
generally and by general principles of equity.

      Section 5.3 Consents and Approvals;  No  Violations.  Except for filing of
the  certificate of merger with the Secretary of State of the State of Delaware,
neither the  execution,  delivery or  performance of this Agreement by either of
Parent  and  Acquisition   Corp.  nor  the   consummation  of  the  transactions
contemplated  hereby  will (i)  violate  any  provision  of the  certificate  of
incorporation or by-laws of Parent or Acquisition Corp.; (ii) violate,  conflict
with or result in a breach of any  provision  of, or constitute a default (or an
event which,  with notice or lapse of time or both,  would constitute a default)
under,  require the consent of or result in the creation of any Lien upon any of
the  properties  of Parent or  Acquisition  Corp.  under,  any Contract to which
Parent or  Acquisition  Corp.  or any of their  properties  may be bound;  (iii)
require any Consent, approval or authorization of, or notice to, or declaration,
filing or  registration  with,  any  governmental  entity by or with  respect to
Parent or any subsidiary of Parent, or (iv) violate any law applicable to any of
Parent or Acquisition Corp. or any of their respective properties or assets.

                                       22
<PAGE>

      Section 5.4 Litigation. There is no Action pending or, to the knowledge of
the Parent, threatened, involving Parent and Acquisition Corp. or any subsidiary
of Parent or  affecting  the  officers,  directors  or  employees  of Parent and
Acquisition  Corp.  or any  subsidiary  of Parent with  respect to Parent's  and
Acquisition Corp.'s, or any of Parent's subsidiaries,  business by or before any
governmental  entity or by any third  party and  neither  Parent or  Acquisition
Corp. nor any  subsidiary of Parent has received  notice that any such Action is
threatened.  Neither Parent or Acquisition Corp. nor any subsidiary of Parent is
in  default  under any  judgment,  order or decree  of any  governmental  entity
applicable to its business.

      Section 5.5 No Default;  Compliance with Applicable  Laws.  Neither Parent
nor any of Parent's  subsidiaries  is in default or  violation  of any  material
term,   condition  or  provision  of  (i)  their   respective   certificate   of
incorporation,  by-laws  or  similar  organizational  documents  or (ii) any law
applicable to Parent or any of Parent's  subsidiaries or its property and assets
and neither Parent nor any of Parent's  subsidiaries  has received notice of any
violation of or Liability under any of the foregoing (whether material or not).

      Section 5.6  Broker's  and  Finder's  Fees;  Broker/Dealer  Ownership.  No
person,  firm,  corporation  or other entity is entitled by reason of any act or
omission of Parent or  Acquisition  Corp.  to any  broker's  or  finder's  fees,
commission  or other  similar  compensation  with respect to the  execution  and
delivery  of  this  Agreement  or  with  respect  to  the  consummation  of  the
transactions  contemplated  hereby.  Except  for  placement  agent  warrants  to
purchase units issued in connection with the Private Placement, no broker/dealer
offering or selling shares in the Private Placement,  nor any director,  officer
or Affiliate of any such broker/dealer,  will own, either directly or indirectly
through  subsidiaries  or  Affiliates,  shares of Parent  Common  Stock upon the
termination of the Private Placement.

      Section 5.7  Capitalization  of Parent.  The  authorized  capital stock of
Parent  consists of (a) 75,000,000  shares of Parent Common Stock,  of which not
more than  1,500,000  shares will be, prior to the  Effective  Time,  issued and
outstanding before taking into consideration the issuance of Parent Common Stock
in the Private  Placement,  and (b) no shares of preferred stock.  Parent has no
outstanding  options,  rights or  commitments  to issue shares of Parent  Common
Stock or any capital stock or other  securities of Parent or Acquisition  Corp.,
and there are no  outstanding  securities  convertible  or  exercisable  into or
exchangeable  for shares of Parent  Common  Stock or any capital  stock or other
securities of Parent or Acquisition Corp. There is no voting trust, agreement or
arrangement among any of the beneficial holders of Parent Common Stock affecting
the  nomination or election of directors or the exercise of the voting rights of
Parent Common Stock.  All outstanding  shares of the capital stock of Parent are
validly issued and outstanding,  fully paid and nonassessable,  and none of such
shares have been issued in violation of the preemptive rights of any person.

      Section 5.8 Acquisition Corp.  Acquisition Corp. is a Delaware corporation
and a  wholly-owned  subsidiary of Parent that was formed  specifically  for the
purpose of the Merger and that has not  conducted  any  business or acquired any
property, and will not conduct any business or acquire any property prior to the
Closing Date,  except in  preparation  for and otherwise in connection  with the
transactions  contemplated by this Agreement.  Parent owns all of the issued and
outstanding  capital stock of Acquisition Corp. free and clear of all Liens, and
Acquisition  Corp.  has no outstanding  options,  warrants or rights to purchase
capital  stock or other  securities  of the  Acquisition  Corp.,  other than the
capital stock of Acquisition Corp. owned by Parent.

                                       23
<PAGE>

      Section 5.9  Validity of Shares.  The shares of Parent  Common Stock to be
issued in  accordance  with  Article III hereof and the shares of Parent  Common
Stock to be  issued  at one or more  closings  in  connection  with the  Private
Placement,  when issued and delivered in accordance with the terms hereof, shall
be duly and validly issued,  fully paid and nonassessable.  Based in part on the
representations of investors contained in the subscription agreement attached to
the  Memorandum  and assuming the accuracy  thereof,  the issuance of the Parent
Common Stock in connection  with the Private  Placement  will be exempt from the
registration and prospectus delivery requirements of the Securities Act and from
the qualification or registration  requirements of any applicable state blue sky
or securities laws.

      Section 5.10 SEC Reporting and Compliance.

            (a) Parent  filed a  registration  statement  on Form SB-2 under the
      Securities Act which became  effective on  [__________],  2005. Since that
      date,  Parent has filed with the Commission all  registration  statements,
      proxy statements,  information statements and reports required to be filed
      pursuant to the Exchange Act.  Parent has not filed with the  Commission a
      certificate on Form 15 pursuant to Rule 12h-3 of the Exchange Act.

            (b) Parent has delivered to the Company true and complete  copies of
      the  registration  statements,  information  statements  and other reports
      (collectively,  the "Parent SEC  Documents")  filed by the Parent with the
      Commission.  None of the  Parent  SEC  Documents,  as of their  respective
      dates,  contained  any untrue  statement of a material  fact or omitted to
      state a material fact necessary in order to make the statements  contained
      therein not misleading.

            (c) Parent has not filed,  and nothing has occurred  with respect to
      which  Parent  would be  required  to file,  any  report on Form 8-K since
      December 31, 2004. Prior to and until the Closing,  Parent will provide to
      the Company  copies of any and all amendments or supplements to the Parent
      SEC Documents  filed with the  Commission  since December 31, 2004 and all
      subsequent  registration statements and reports filed by Parent subsequent
      to the filing of the Parent SEC Documents  with the Commission and any and
      all  subsequent  information  statements,  proxy  statements,  reports  or
      notices  filed by the  Parent  with the  Commission  or  delivered  to the
      stockholders of Parent.

            (d) Parent is not an  "investment  company"  within  the  meaning of
      Section 3 of the Investment Company Act.

            (e) Shares of Parent Common Stock are quoted on the Over-the-Counter
      (OTC)  Bulletin Board under the symbol BEAI.OB and Parent is in compliance
      in all  material  respects  with  all  rules  and  regulations  of the OTC
      Bulletin Board applicable to it and the Parent Common Stock.

            (f)  Between  the date hereof and the  Closing  Date,  Parent  shall
      continue to satisfy the filing  requirements  of the  Exchange Act and all
      other  requirements  of  applicable  securities  laws and the OTC Bulletin
      Board.

                                       24
<PAGE>

            (g) To the best  knowledge  of the Parent,  the Parent has  complied
      with the Securities Act, Exchange Act and all other applicable federal and
      state securities laws.

      Section 5.11 Financial  Statements.  The balance sheets, and statements of
income,  stockholders'  equity  and  cash  flows  contained  in the  Parent  SEC
Documents  (the  "Parent  Financial  Statements")  (i)  have  been  prepared  in
accordance  with GAAP,  (ii) are in accordance with the books and records of the
Parent,  and  (iii)  present  fairly  in all  material  respects  the  financial
condition of the Parent at the dates  therein  specified  and the results of its
operations and changes in financial  position for the periods therein specified.
The  financial  statements  included in the Annual Report on Form 10-KSB for the
fiscal year ended  December 31, 2004, are as audited by, and include the related
opinions of Dale Matheson  Carr-Hilton LaBonte,  Parent's independent  certified
public accountants.

      Section 5.12 No General  Solicitation.  In issuing  Parent Common Stock in
the Merger hereunder, neither Parent nor anyone acting on its behalf has offered
to sell Parent Common Stock by any form of general solicitation or advertising.

      Section  5.13  Absence  of  Undisclosed  Liabilities.  Neither  Parent nor
Acquisition Corp. has any Liability arising out of any transaction  entered into
at or prior to the Closing, except (a) as disclosed in the Parent SEC Documents,
(b) to the  extent set forth on or  reserved  against  in the  balance  sheet of
Parent as of December 31, 2004 (the "Parent  Balance Sheet") or the notes to the
Parent Financial  Statements,  (c) current Liabilities  incurred and obligations
under agreements entered into in the usual and ordinary course of business since
December 31, 2004 (the "Parent Balance Sheet Date"), none of which, individually
or in the aggregate, constitutes a Parent Material Adverse Effect and (d) by the
specific terms of any written agreement,  document or arrangement attached as an
exhibit to the Parent SEC Documents.

      Section  5.14  Changes.  Since the Parent  Balance  Sheet Date,  except as
disclosed  in the Parent SEC  Documents,  the  Parent has not (a)  incurred  any
debts,  obligations  or  Liabilities,  absolute,  accrued  or,  to the  Parent's
knowledge,  contingent,  whether  due  or to  become  due,  except  for  current
Liabilities  incurred  in  the  usual  and  ordinary  course  of  business,  (b)
discharged  or  satisfied  any Liens  other  than  those  securing,  or paid any
obligation  or Liability  other than,  current  liabilities  shown on the Parent
Balance Sheet and current  Liabilities  incurred  since the Parent Balance Sheet
Date, in each case in the usual and ordinary course of business,  (c) mortgaged,
pledged or subjected to Lien any of its assets,  tangible or  intangible,  other
than in the usual and ordinary  course of  business,  (d) sold,  transferred  or
leased any of its assets,  except in the usual and ordinary  course of business,
(e) cancelled or compromised  any debt or claim, or waived or released any right
of material  value,  (f)  suffered  any  physical  damage,  destruction  or loss
(whether or not covered by insurance) that could  reasonably be expected to have
a Parent Material Adverse Effect, (g) entered into any transaction other than in
the usual and  ordinary  course of  business,  (h)  encountered  any labor union
difficulties,  (i) made or  granted  any  wage or  salary  increase  or made any
increase  in the  amounts  payable  under any profit  sharing,  bonus,  deferred
compensation,  severance pay, insurance,  pension,  retirement or other employee
benefit plan,  agreement or  arrangement,  other than in the ordinary  course of
business  consistent  with  past  practice,   or  entered  into  any  employment
agreement,  (j)  issued  or sold any  shares of  capital  stock,  bonds,  notes,
debentures or other securities or granted any options (including  employee stock
options),  warrants or other rights with respect  thereto,  (k) declared or paid
any dividends on or made any other  distributions  with respect to, or purchased
or redeemed,  any of its outstanding  capital stock, (l) suffered or experienced
any change in, or condition  affecting,  the  financial  condition of the Parent
other than changes, events or conditions in the usual and ordinary course of its
business,  none of which (either by itself or in conjunction with all such other
changes,  events and conditions)  could  reasonably be expected to have a Parent
Material  Adverse  Effect,  (m) made any  change in the  accounting  principles,
methods or practices followed by it or depreciation or amortization  policies or
rates theretofore adopted, (n) made or permitted any amendment or termination of
any material Contract, agreement or license to which it is a party, (o) suffered
any material loss not reflected in the Parent  Balance Sheet or its statement of
income for the year ended on the Parent  Balance  Sheet Date,  (p) paid, or made
any accrual or arrangement  for payment of, bonuses or special  compensation  of
any kind or any severance or termination  pay to any present or former  officer,
director,  employee,  stockholder or consultant,  (q) made or agreed to make any
charitable  contributions  or incurred  any  non-business  expenses in excess of
$1,000 in the aggregate, or (r) entered into any Contract, agreement or license,
or otherwise obligated itself, to do any of the foregoing.

                                       25
<PAGE>

      Section 5.15 Tax Returns and Audits. All required federal, state and local
Tax Returns of the Parent have been accurately prepared in all material respects
and duly and timely filed, and all federal, state and local Taxes required to be
paid with  respect to the periods  covered by such returns have been paid to the
extent that the same are material and have become due,  except where the failure
so to file or pay could not  reasonably  be expected  to have a Parent  Material
Adverse Effect.  The Parent is not and has not been delinquent in the payment of
any Tax. The Parent has not had a Tax  deficiency  assessed  against it. None of
the  Parent's  federal  income  Tax  Returns  nor any  state or local  income or
franchise Tax Returns has been audited by governmental authorities. The reserves
for Taxes  reflected on the Parent  Balance Sheet are sufficient for the payment
of all unpaid  Taxes  payable by the Parent with  respect to the period ended on
the Parent  Balance Sheet Date.  There are no federal,  state,  local or foreign
audits, actions, suits,  proceedings,  investigations,  claims or administrative
proceedings  relating to Taxes or any Tax Returns of the Parent now pending, and
the Parent has not received any notice of any proposed  audits,  investigations,
claims or administrative proceedings relating to Taxes or any Tax Returns.

      Section 5.16 Employee Benefit Plans; ERISA.

            (a) Except as  disclosed in the Parent SEC  Documents,  there are no
      "employee benefit plans" (within the meaning of Section 3(3) of ERISA) nor
      any other  employee  benefit or fringe  benefit  arrangements,  practices,
      contracts,  policies or programs other than programs merely  involving the
      regular payment of wages, commissions, or bonuses established,  maintained
      or  contributed  to by the  Parent.  Any plans  listed in the  Parent  SEC
      Documents  are  hereinafter  referred to as the "Parent  Employee  Benefit
      Plans."

            (b)  Any  current  and  prior  material  documents,   including  all
      amendments thereto, with respect to each Parent Employee Benefit Plan have
      been made available to the Company.

            (c) All Parent  Employee  Benefit  Plans are in material  compliance
      with  the  applicable  requirements  of  ERISA,  the  Code  and any  other
      applicable state, federal or foreign law.

                                       26
<PAGE>
            (d)  There  are no  pending,  or to  the  knowledge  of the  Parent,
      threatened,  claims or  lawsuits  that have been  asserted  or  instituted
      against any Parent Employee  Benefit Plan, the assets of any of the trusts
      or funds under the Parent Employee  Benefit Plans, the plan sponsor or the
      plan  administrator of any of the Parent Employee Benefit Plans or against
      any  fiduciary  of a Parent  Employee  Benefit  Plan with  respect  to the
      operation of such plan.

            (e)  There  is no  pending,  or to  the  knowledge  of  the  Parent,
      threatened, investigation or pending or possible enforcement action by the
      Pension  Benefit  Guaranty  Corporation,  the  Department  of  Labor,  the
      Internal  Revenue Service or any other  government  agency with respect to
      any Parent Employee Benefit Plan.

            (f) No actual or, to the knowledge of Parent,  contingent  Liability
      exists with respect to the funding of any Parent Employee  Benefit Plan or
      for any other expense or obligation of any Parent  Employee  Benefit Plan,
      except as disclosed on the Parent  Financial  Statements or the Parent SEC
      Documents,  and to the knowledge of the Parent,  no  contingent  Liability
      exists under ERISA with respect to any  "multi-employer  plan," as defined
      in Section 3(37) or Section 4001(a)(3) of ERISA.

      Section 5.17  Interested  Party  Transactions.  Except as disclosed in the
Parent SEC Documents,  no officer,  director or stockholder of the Parent or any
Affiliate  of any such Person or the Parent has or has had,  either  directly or
indirectly,  (a) an interest in any Person that (i) furnishes or sells  services
or products  that are  furnished or sold or are proposed to be furnished or sold
by the Parent or (ii)  purchases  from or sells or  furnishes  to the Parent any
goods or  services,  or (b) a  beneficial  interest in any Contract to which the
Parent is a party or by which it may be bound or affected.

      Section 5.18 Questionable Payments.  Neither the Parent, Acquisition Corp.
nor to the knowledge of the Parent, any director,  officer,  agent,  employee or
other Person  associated  with or acting on behalf of the Parent or  Acquisition
Corp.,  has a used any corporate  funds for (a) unlawful  contributions,  gifts,
entertainment or other unlawful  expenses  relating to political  activity,  (b)
made any  direct or  indirect  unlawful  payments  to  government  officials  or
employees from corporate  funds,  (c)  established or maintained any unlawful or
unrecorded  fund of  corporate  monies  or other  assets,  (d) made any false or
fictitious entries on the books of record of any such corporations,  or (e) made
any  bribe,  rebate,  payoff,  influence  payment,  kickback  or other  unlawful
payment.

      Section 5.19 Obligations to or by Stockholders. Except as disclosed in the
Parent SEC Documents, the Parent has no Liability or obligation or commitment to
any  stockholder  of Parent or any  Affiliate  or  "associate"  (as such term is
defined in Rule 405 under the Securities Act) of any stockholder of Parent,  nor
does any  stockholder  of Parent or any such  Affiliate  or  associate  have any
Liability, obligation or commitment to the Parent.

      Section 5.20  Schedule of Assets and  Contracts.  Except as expressly  set
forth in this  Agreement,  the Parent  Balance Sheet or the notes  thereto,  the
Parent  is not a party  to any  Contract  not  made in the  ordinary  course  of
business that is material to the Parent.  Parent does not own any real property.
Parent  is not a party to any  Contract  (a) with any labor  union,  (b) for the
purchase of fixed assets or for the purchase of materials, supplies or equipment
in  excess of  normal  operating  requirements,  (c) for the  employment  of any
officer,  individual  employee  or  other  Person  on a  full-time  basis or any
contract  with any Person for  consulting  services,  (d) with respect to bonus,
pension,  profit sharing,  retirement,  stock purchase,  stock option,  deferred
compensation,  medical,  hospitalization  or life  insurance  or  similar  plan,
contract  or  understanding  with any or all of the  employees  of Parent or any
other Person,  (e) relating to or evidencing  Indebtedness for Borrowed Money or
subjecting  any  asset or  property  of  Parent  to any Lien or  evidencing  any
Indebtedness,  (f) guaranteeing of any  Indebtedness,  (g) under which Parent is
lessee of or holds or operates  any  property,  real or  personal,  owned by any
other Person,  (h) under which Parent is lessor or permits any Person to hold or
operate any  property,  real or personal,  owned or  controlled  by Parent,  (i)
granting any  preemptive  right,  right of first refusal or similar right to any
Person,  (j) with any  Affiliate  of Parent or any  present  or former  officer,
director or stockholder of Parent,  (k) obligating  Parent to pay any royalty or
similar  charge  for the  use or  exploitation  of any  tangible  or  intangible
property,  (1) containing a covenant not to compete or other  restriction on the
parent's ability to conduct a business or engage in any other activity, (m) with
respect to any distributor, dealer, manufacturer's representative, sales agency,
franchise or advertising contract or commitment,  (n) regarding the registration
of  securities  under the  Securities  Act,  (o)  characterized  as a collective
bargaining  agreement,  or (p) with any Person  continuing  for a period of more
than three months from the Closing Date that involves an  expenditure or receipt
by Parent in excess of $1,000.  The Parent  maintains no insurance  policies and
insurance coverage of any kind with respect to Parent,  its business,  premises,
properties, assets, employees and agents. Schedule 5.20 of the Parent Disclosure
Schedule contains a true and complete list and description of each bank account,
savings  account,  other deposit  relationship and safety deposit box of Parent,
including the name of the bank or other  depository,  the account number and the
names of the individuals  having  signature or other  withdrawal  authority with
respect  thereto.  No Consent of any bank or other  depository  is  required  to
maintain any bank account,  other deposit  relationship or safety deposit box of
Parent in effect  following the  consummation of the Merger and the transactions
contemplated  hereby.  Parent has  furnished  to the Company  true and  complete
copies of all  agreements  and  other  documents  disclosed  or  referred  to in
Schedule 5.20, as well as any additional  agreements or documents,  requested by
the Company.

                                       27
<PAGE>

      Section 5.21 Environmental Matters.

            (a)  The  Parent  has  never  generated,   used,  handled,  treated,
      released,  stored  or  disposed  of any  Hazardous  Materials  on any real
      property on which it now has or previously  had any leasehold or ownership
      interest, except in compliance with all applicable Environmental Laws.

            (b) The  historical  and present  operations  of the business of the
      Parent compliance with all applicable Environmental Laws, except where any
      non-compliance  has not had and would not reasonably be expected to have a
      Parent Material Adverse Effect.

            (c) (i) The Parent has not, sent or disposed of, otherwise had taken
      or  transported,  arranged  for the  taking or  disposal  of (on behalf of
      itself, a customer or any other party) or in any other manner participated
      or been  involved  in the taking of or  disposal or release of a Hazardous
      Material to or at a site that is contaminated by any Hazardous Material or
      that,  pursuant  to any  Environmental  Law,  (A) has been  placed  on the
      "National  Priorities  List",  the "CERCLIS" list, or any similar state or
      federal  list,  or  (B)  is  subject  to or  the  source  of a  claim,  an
      administrative  order  or other  request  to take  "removal",  "remedial",
      "corrective"  or  any  other   "response"   action,   as  defined  in  any
      Environmental Law, or to pay for the costs of any such action at the site;
      (ii) the Parent is not involved in (and has no basis to reasonably  expect
      to be involved in) any suit or proceeding and has not received (and has no
      basis to reasonably expect to receive) any notice, request for information
      or other  communication  from any  governmental  authority  or other third
      party with  respect to a release or  threatened  release of any  Hazardous
      Material or a violation or alleged violation of any Environmental Law, and
      has not received (and has no basis to reasonably expect to receive) notice
      of any  claims  from any  Person  relating  to  property  damage,  natural
      resource  damage or to personal  injuries  from  exposure to any Hazardous
      Material;  and (iii) the Parent has timely filed every report  required to
      be filed, acquired all necessary certificates,  approvals and permits, and
      generated and  maintained  all required  data,  documentation  and records
      under all  Environmental  Laws,  in all such  instances  except  where the
      failure to do so would not reasonably be expected to have, individually or
      in the aggregate, a Parent Material Adverse Effect.

                                       28
<PAGE>

      Section 5.22  Employees.  Other than pursuant to ordinary  arrangements of
employment compensation,  Parent is not under any obligation or liability to any
officer, director, employee or Affiliate of Parent.

      Section  5.23  Disclosure.   There  is  no  fact  relating  to  Parent  or
Acquisition  Corp.  that Parent has not disclosed to the Company in writing that
has had or is having a Parent Material  Adverse  Effect.  No  representation  or
warranty by Parent or Acquisition Corp.  herein and no information  disclosed in
the Parent  Disclosure  Schedules  or exhibits  hereto by Parent or  Acquisition
Corp.  contains  any untrue  statement  of a  material  fact or omits to state a
material  fact  necessary  to make the  statements  contained  herein or therein
misleading.

                                   ARTICLE VI
                    CONDUCT OF BUSINESSES PENDING THE MERGER

      Section 6.1 Conduct of Business by the Company  Pending the Merger.  Prior
to the Effective Time,  unless Parent or Acquisition Corp. shall otherwise agree
in writing or as otherwise contemplated by this Agreement:

            (i) the  business  of the  Company  shall be  conducted  only in the
      ordinary course consistent with the past practice;

            (ii) the  Company  shall  not (A)  directly  or  indirectly  redeem,
      purchase or  otherwise  acquire or agree to redeem,  purchase or otherwise
      acquire any shares  Company  Capital Stock;  (B) amend its  certificate of
      incorporation   or  by-laws   except  to   effectuate   the   transactions
      contemplated in this Agreement or the Memorandum; or (C) split, combine or
      reclassify the outstanding Company Capital Stock or declare,  set aside or
      pay  any  dividend  payable  in  cash,  stock  or  property  or  make  any
      distribution with respect to any such stock;

                                       29
<PAGE>

            (iii) the Company shall not (A) issue any  additional  shares of, or
      options,  warrants or rights of any kind to acquire any shares of, Company
      Capital  Stock,  except  to  issue  shares  of  Company  Capital  Stock in
      connection with the exercise of Common Stock Options, Series B Warrants or
      Series C Warrants or the conversion of Series C Bridge Notes and except to
      issue  up  to  $1,000,000  of  additional   Series  C  Bridge  Notes  (and
      corresponding  warrants to purchase  Company Series C Preferred  Stock) in
      its sole discretion; (B) acquire or dispose of any fixed assets or acquire
      or  dispose of any other  substantial  assets  other than in the  ordinary
      course  of  business;  (C)  incur  additional  Indebtedness  or any  other
      Liabilities or enter into any other transaction other than in the ordinary
      course of business; (D) enter into any Contract, agreement,  commitment or
      arrangement with respect to any of the foregoing except this Agreement; or
      (E) except as  contemplated  by this  Agreement,  enter into any Contract,
      agreement,  commitment or arrangement to dissolve,  merge,  consolidate or
      enter into any other material business combination;

            (iv) the Company shall use its  reasonable  best efforts to preserve
      intact the business of the Company,  to keep  available the service of its
      present officers and key employees, and to preserve the good will of those
      having business relationships with it; and

            (v) the Company  will not enter into any new  employment  agreements
      with any of its  officers  or  employees  or grant  any  increases  in the
      compensation  or  benefits  of its  officers  and  employees  or amend any
      employee benefit plan or arrangement  other than in the ordinary course of
      business and consistent with past practice.

      Section 6.2 Conduct of Business by Parent and  Acquisition  Corp.  Pending
the Merger.  Prior to the Effective  Time,  unless the Company  shall  otherwise
agree in  writing  or as  otherwise  contemplated  expressly  permitted  by this
Agreement:

            (i) the business of Parent and Acquisition  Corp. shall be conducted
      only in the ordinary course consistent with past practice;

            (ii)  neither  Parent nor  Acquisition  Corp.  shall (A) directly or
      indirectly  redeem,  purchase  or  otherwise  acquire  or agree to redeem,
      purchase or otherwise  acquire any shares of its capital stock;  (B) amend
      its  certificate of  incorporation  or by-laws;  or (C) split,  combine or
      reclassify  its capital  stock or declare,  set aside or pay any  dividend
      payable in cash, stock or property or make any  distribution  with respect
      to such stock; and

            (iii) neither Parent nor Acquisition  Corp. shall (A) issue or agree
      to issue any additional  shares of, or options,  warrants or rights of any
      kind to acquire  shares of, its capital  stock;  (B) acquire or dispose of
      any  assets  other  than in the  ordinary  course of  business;  (C) incur
      additional  Indebtedness or any other  Liabilities or enter into any other
      transaction except in the ordinary course of business;  (D) enter into any
      Contract, agreement,  commitment or arrangement with respect to any of the
      foregoing  except this  Agreement,  or (E) except as  contemplated by this
      Agreement, enter into any Contract,  agreement,  commitment or arrangement
      to dissolve,  merge; consolidate or enter into any other material business
      contract or enter into any negotiations in connection therewith.

                                       30
<PAGE>

            (iv)  Parent  shall use its best  efforts  to  preserve  intact  the
      business of Parent and Acquisition Corp., to keep available the service of
      its present  officers and key employees,  and to preserve the good will of
      those having business relationships with Parent and Acquisition Corp.;

            (v)  neither  Parent  nor  Acquisition  Corp.  will,  nor will  they
      authorize  any  director or authorize or permit any officer or employee or
      any  attorney,  accountant  or other  representative  retained by them to,
      make,  solicit,  encourage any inquiries with respect to, or engage in any
      negotiations  concerning,  any  Acquisition  Proposal (as defined  below).
      Parent will promptly  advise the Company in writing of any such  inquiries
      or Acquisition  Proposal (or requests for  information)  and the substance
      thereof. As used in this paragraph,  "Acquisition Proposal" shall mean any
      proposal for a merger or other business  combination  involving the Parent
      or  Acquisition  Corp.  or for the  acquisition  of a  substantial  equity
      interest in either of them or any material  assets of either of them other
      than as contemplated by this Agreement.  Parent will immediately cease and
      cause  to  be  terminated   any  existing   activities,   discussions   or
      negotiations  with any Person conducted  heretofore with respect to any of
      the foregoing; and

            (vi) neither Parent nor  Acquisition  Corp.  will enter into any new
      employment agreements with any of their officers or employees or grant any
      increases in the compensation or benefits of their officers and employees.

                                  ARTICLE VII
                              ADDITIONAL AGREEMENTS

      Section 7.1 Access and  Information.  The Company,  Parent and Acquisition
Corp. shall each afford to the other and to the other's accountants, counsel and
other representatives  reasonable access during normal business hours throughout
the  period  prior  to the  Effective  Time  of all  of its  properties,  books,
contracts,  commitments  and records  (including but not limited to Tax Returns)
and during such period, each shall furnish promptly to the other all information
concerning  its  business,  properties  and  personnel  as such other  party may
reasonably request,  provided that no investigation pursuant to this Section 7.1
shall affect any  representations  or warranties  made herein.  Each party shall
hold,  and shall cause its employees and agents to hold, in confidence  all such
information (other than such information that (i) becomes generally available to
the  public  other  than  as a  result  of a  disclosure  by such  party  or its
directors,  officers,  managers,  employees, agents or advisors, or (ii) becomes
available to such party on a  non-confidential  basis from a source other than a
party  hereto or its  advisors,  provided  that such source is not known by such
party to be bound by a  confidentiality  agreement  with or other  obligation of
secrecy to a party hereto or another  party until such time as such  information
is  otherwise  publicly  available;   provided,  however,  that:  (A)  any  such
information may be disclosed to such party's directors,  officers, employees and
representatives  of such party's  advisors who need to know such information for
the  purpose  of  evaluating  the  transactions  contemplated  hereby  (it being
understood that such directors, officers, employees and representatives shall be
informed by such party of the confidential nature of such information);

                                       31
<PAGE>

(B) any disclosure of such  information may be made as to which the party hereto
furnishing such  information has consented in writing;  (C) any such information
may be disclosed pursuant to a judicial, administrative or governmental order or
request  provided,  that the  requested  party will promptly so notify the other
party so that the other party may seek a protective order or appropriate  remedy
and/or waive  compliance  with this  Agreement and if such  protective  order or
other  remedy is not  obtained or the other party  waives  compliance  with this
provision,   the  requested  party  will  furnish  only  that  portion  of  such
information  which is legally  required  and will  exercise  its best efforts to
obtain  a  protective  order  or  other  reliable  assurance  that  confidential
treatment will be accorded the  information  furnished;  and (D) any information
reasonably  required  or  necessary  in the  discretion  of counsel to Parent or
counsel  to the  Company  to cause the  Private  Placement  to  comply  with the
requirements  of Rule  10b-5 of the  Exchange  Act shall be  permitted.  If this
Agreement is terminated,  each party will deliver to the other all documents and
other materials  (including copies) obtained by such party or on its behalf from
the other party as a result of this Agreement or in connection herewith, whether
so obtained before or after the execution hereof.

      Section 7.2  Additional  Agreements.  Subject to the terms and  conditions
herein  provided,  each of the  parties  hereto  agrees to use its  commercially
reasonable best efforts to take, or cause to be taken,  all action and to do, or
cause to be done, all things  necessary,  proper or advisable  under  applicable
laws  and  regulations  to  consummate  and  make  effective  the   transactions
contemplated by this Agreement, including using its commercially reasonable best
efforts to satisfy the  conditions  precedent to the  obligations  of any of the
parties  hereto to obtain all necessary  waivers,  and to lift any injunction or
other legal bar to the Merger (and,  in such case, to proceed with the Merger as
expeditiously  as possible).  In order to obtain any necessary  governmental  or
regulatory action or non-action, waiver, Consent, extension or approval, each of
Parent,  Acquisition Corp. and the Company agrees to take all reasonable actions
and to enter into all reasonable agreements as may be necessary to obtain timely
governmental  or  regulatory  approvals  and to  take  such  further  action  in
connection  therewith  as may be  necessary.  In  case  at any  time  after  the
Effective  Time any further  action is  necessary  or desirable to carry out the
purposes of this  Agreement,  the proper  officers  and/or  directors of Parent,
Acquisition Corp. and the Company shall take all such necessary action.

      Section 7.3  Publicity.  No party shall issue any press  release or public
announcement  pertaining  to the Merger that has not been agreed upon in advance
by  Parent  and the  Company,  except  as  Parent  reasonably  determines  to be
necessary in order to comply with the rules of the Commission;  provided that in
such case  Parent  will use its best  efforts  to allow  Company  to review  and
reasonably approve any same prior to its release.

      Section 7.4 Appointment of Directors. Immediately upon the Effective Time,
Parent shall accept the  resignations  of the current  officers and directors of
Parent as  provided  by Section  8.2(f)(6)  hereof,  and shall cause the persons
listed as  directors in Exhibit D hereto to be elected to the Board of Directors
of Parent.  At the first annual meeting of Parent  stockholders  and thereafter,
the election of members of Parent's Board of Directors  shall be accomplished in
accordance with the by-laws of Parent.

      Section 7.5 Parent  Name Change and  Exchange  Listing.  At the  Effective
Time,  Parent shall take all required legal actions to change its corporate name
to 20/20  Technologies  Global Holdings,  Inc. Promptly  following the Effective
Time,  Parent  shall take all  required  actions  to, upon  satisfaction  of the
original listing  requirements,  list the Parent Common Stock for trading on the
American Stock Exchange or the Nasdaq SmallCap Market.

                                       32
<PAGE>

      Section 7.6 Meeting of Stockholders.

            (a) So long as the Board of Directors of the Company  shall not have
      withdrawn,  modified or changed its  recommendation in accordance with the
      provisions of Section 7.6(b) hereof, the Company, acting through its Board
      of Directors,  shall,  in accordance  with the DGCL and its certificate of
      incorporation  and  by-laws,  take all  actions  reasonably  necessary  to
      establish a record date for, duly call, give notice of, convene and hold a
      stockholders  meeting for the purpose of obtaining the requisite  approval
      and adoption of this Agreement and the transactions contemplated hereby by
      the Stockholders as required by the DGCL and otherwise.  The Company shall
      cause such  stockholder  meeting to be held in accordance with the DGCL on
      or prior to May 31,  2005.  The Company  shall  notify  each  Stockholder,
      whether or not  entitled to vote,  of the proposed  Company  stockholders'
      meeting in accordance with the DGCL and the  certificate of  incorporation
      and by-laws.  Such meeting notice shall state that the purpose,  or one of
      the  purposes,  of the meeting is to consider the Merger and shall contain
      or be accompanied by a copy or summary of this Agreement.  Notwithstanding
      the foregoing, the Board of Directors of the Company shall not be required
      to take all actions  reasonably  necessary to establish a record date for,
      duly call, give notice of, convene and hold a stockholders meeting for the
      purpose of obtaining the requisite approval and adoption of this Agreement
      and  the  transactions  contemplated  hereby  by the  Stockholders  if the
      Company  Board  of  Directors   otherwise  takes  all  actions  reasonably
      necessary  to approve this  Agreement  and the  transactions  contemplated
      hereby by written consent in lieu of a meeting of the  stockholders of the
      Company to the extent permitted by the DGCL.

            (b)  The  Board  of  Directors  of  the  Company  shall  unanimously
      recommend  such approval and shall use all  reasonable  efforts to solicit
      and obtain such approval;  provided,  however, that the Board of Directors
      of the Company may at any time prior to approval of the  Stockholders  (i)
      decline  to  make,  withdraw,  modify  or  change  any  recommendation  or
      declaration  regarding  this Agreement or the Merger or (ii) recommend and
      declare advisable any other offer or proposal,  to the extent the Board of
      Directors of the Company  determines  in good faith,  based upon advice of
      legal counsel, that withdrawing,  modifying, changing or declining to make
      its recommendation  regarding this Agreement or the Merger or recommending
      and declaring advisable any other offer or proposal is necessary to comply
      with its  fiduciary  duties  under  applicable  law  (which  declinations,
      withdrawal,  modification  or change shall not  constitute a breach by the
      Company of this  Agreement).  The Company shall provide  written notice to
      Parent  promptly  upon the  Company  taking any action  referred to in the
      foregoing proviso.

            (c) Pursuant to Section  251(d) of the DGCL,  at any time before the
      certificate of merger is filed with the Secretary of State of the State of
      Delaware,  including  any time  after  the  Merger  is  authorized  by the
      Stockholders,  the  Merger  may be  abandoned  and this  Agreement  may be
      terminated in accordance with the terms hereof,  without further action by
      the Stockholders.

                                       33
<PAGE>

      Section 7.7 Information  Statement.  Following the date of this Agreement,
the Company shall  prepare an  information  or disclosure  statement and related
materials relating to the stockholders meeting (or the requested written consent
in lieu of a meeting) and the transactions  contemplated  hereby relating to the
Merger  and  this  Agreement  (the  "Information  Statement")  and  furnish  the
information required to be provided to the Stockholders pursuant to the DGCL and
other applicable law. The Company shall cause such  Information  Statement to be
mailed to the Stockholders  return receipt requested in accordance with the DGCL
and the  certificate  of  incorporation  and  by-laws  in  connection  with  the
Stockholders  meeting (or the requested  written  consent in lieu of a meeting).
Parent shall  promptly  provide such  information  as the Company may reasonably
request  regarding Parent and such other matters regarding Parent as the Company
shall deem  reasonably  necessary to include in the  materials to be provided to
the  Stockholders.  The materials  submitted to the Stockholders  shall include,
without limitation,  information regarding the Company and Parent, the terms and
timing of the Merger,  this  Agreement and the unanimous  recommendation  of the
Board of Directors of the Company in favor of the Merger and this Agreement. The
information  supplied by the Company and Parent for inclusion in the Information
Statement shall not, at (i) the time the Information Statement (or any amendment
thereof or supplement  thereto) is first mailed to the Stockholders and (ii) the
time of the  stockholders'  meeting (as described in Section  7.6),  contain any
untrue  statement of a material fact or omit to state any material fact required
to be stated  therein or necessary in order to make the  statements  therein not
misleading.  If at any time prior to the Effective Time any information relating
to the Company or any its respective directors, officers or Affiliates should be
discovered by the Company that should be set forth in an amendment or supplement
to the Information Statement so that the Information Statement would not include
any misstatement of a material fact or omit to state any material fact necessary
to make the statements  therein,  in light of the circumstances under which they
were made,  not  misleading,  the Company  shall  promptly  notify Parent and an
appropriate  amendment  or  supplement  describing  such  information  shall  be
promptly, to the extent required by law, disseminated to the Stockholders. If at
any time prior to the Effective Time any  information  relating to Parent or any
of its  directors  officers or  Affiliates  should be  discovered by Parent that
should be set forth in an amendment or supplement to the  Information  Statement
so that the  Information  Statement  would not  include  any  misstatement  of a
material  fact or  omit  to  state  any  material  fact  necessary  to make  the
statements  therein,  in light of the circumstances  under which they were made,
not  misleading,  Parent shall  promptly  notify the Company and an  appropriate
amendment or supplement  describing such information  shall be promptly,  to the
extent required by law, disseminated to the Stockholders.  The Company shall use
all  reasonable  efforts to solicit from its  Stockholders  votes or consents in
favor of the  approval  and  adoption  of this  Agreement  and the Merger and to
secure  the  vote or  consent  of  stockholders  required  by the  DGCL  and its
certificate of incorporation and by-laws to approve and adopt this Agreement and
the Merger.  Notwithstanding the foregoing, the Company shall not be required to
take any of the actions provided for under this Section 7.7 if the Company Board
of Directors determines in good faith, based upon advice of legal counsel,  that
withdrawing,  modifying,  changing or declining to make its  recommendation  and
declaration regarding this Agreement or the Merger or recommending and declaring
advisable  any other offer or  proposal  would be  necessary  to comply with its
fiduciary   duties  under  applicable  law  (which   declinations,   withdrawal,
modification  or change  shall not  constitute  a breach by the  Company of this
Agreement).

                                       34
<PAGE>

                                  ARTICLE VIII
                       CONDITIONS OF PARTIES' OBLIGATIONS

      Section 8.1 Company Obligations. The obligations of Parent and Acquisition
Corp.  under this  Agreement are subject to the  fulfillment  at or prior to the
Closing of the following  conditions,  any of which may be waived in whole or in
part by Parent.

            (a) No  Errors,  etc.  The  representations  and  warranties  of the
      Company  under this  Agreement  shall be deemed to have been made again on
      the  Closing  Date and  shall  then be true and  correct  in all  material
      respects.

            (b) Compliance with Agreement.  The Company shall have performed and
      complied in all  material  respects  with all  agreements  and  conditions
      required by this  Agreement to be  performed or complied  with by it on or
      before the Closing Date.

            (c) No Company Material Adverse Effect. Since the date hereof, there
      shall not have  been any  event or  circumstance  that has  resulted  in a
      Company Material Adverse Effect and not event has occurred or circumstance
      exists that would  reasonably be expected to result in a Company  Material
      Adverse Effect.

            (d)  Certificate  of Officers.  The Company shall have  delivered to
      Parent  and  Acquisition  Corp.  a  certificate  dated the  Closing  Date,
      executed  on its behalf by the Chief  Executive  Officer  of the  Company,
      certifying the satisfaction of the conditions specified in paragraphs (a),
      (b) and (c) of this Section 8.1.

            (e)  Consummation of Private  Placement.  Consummation of the Merger
      shall  occur  simultaneously  with  the  initial  closing  of the  Private
      Placement.

            (f) No Restraining Action. No Action or proceeding before any court,
      governmental  body or agency  shall  have  been  threatened,  asserted  or
      instituted to restrain or prohibit,  or to obtain  substantial  damages in
      respect  of,  this  Agreement  or the  carrying  out  of the  transactions
      contemplated by this Agreement.

            (g) Supporting  Documents.  Parent and Acquisition  Corp. shall have
      received the following:

                  (1) Copies of  resolutions  of the Board of Directors  and the
            stockholders  of the  Company,  certified  by the  Secretary  of the
            Company,  authorizing  and approving  the Merger and the  execution,
            delivery and  performance of this Agreement and all other  documents
            and instruments to be delivered pursuant hereto and thereto.

                  (2) A certificate  of incumbency  executed by the Secretary of
            the  Company  certifying  the names,  titles and  signatures  of the
            officers  authorized  to execute any  documents  referred to in this
            Agreement   and  further   certifying   that  the   certificate   of
            incorporation  and  by-laws of the Company  delivered  to Parent and
            Acquisition  Corp.  at the time of the  execution of this  Agreement
            have been  validly  adopted  and have not been  amended or  modified
            since the date hereof.

                                       35
<PAGE>

                  (3)  Evidence  as of a recent  date of the good  standing  and
            corporate  existence of the Company issued by the Secretary of State
            of the State of Delaware.

      Section 8.2 Parent and Acquisition Corp.  Obligations.  The obligations of
the Company under this  Agreement are subject to the  fulfillment at or prior to
the Closing of the following  conditions  any of which may be waived in whole or
in part by the Company:

            (a) No Errors, etc. The representations and warranties of Parent and
      Acquisition  Corp.  under this Agreement shall be deemed to have been made
      again on the  Closing  Date and  shall  then be true  and  correct  in all
      material respects.

            (b) Compliance with Agreement.  Parent and Acquisition  Corp.  shall
      have  performed and complied in all material  respects with all agreements
      and conditions required by this Agreement to be performed or complied with
      by them on or before the Closing Date.

            (c) No Parent Material Adverse Effect.  Since the date hereof, there
      shall not have  been any  event or  circumstance  that has  resulted  in a
      Parent  Material  Adverse Effect and no event has occurred or circumstance
      exists  that  would be  reasonably  expected  to  result  in such a Parent
      Material Adverse Effect.

            (d) Certificate of Officers. Parent and Acquisition Corp. shall have
      delivered to the Company a certificate dated the Closing Date, executed on
      their behalf by their respective  Presidents,  certifying the satisfaction
      of the  conditions  specified  in  paragraphs  (a),  (b),  and (c) of this
      Section 8.2.

            (e)  Supporting  Documents.  The  Company  shall have  received  the
      following:

                        (1) Copies of  resolutions  of Parent's and  Acquisition
                  Corp.'s respective board of directors and the sole stockholder
                  of   Acquisition   Corp.,   certified   by  their   respective
                  Secretaries,  authorizing  and  approving  the  Merger and the
                  execution,  delivery and performance of this Agreement and all
                  other  documents  and  instruments  to be  delivered  by  them
                  pursuant hereto.

                        (2)  A  certificate   of  incumbency   executed  by  the
                  respective   Secretaries  of  Parent  and  Acquisition   Corp.
                  certifying  the names,  titles and  signatures of the officers
                  authorized to execute the  documents  referred to in paragraph
                  (1) above and  further  certifying  that the  certificates  of
                  incorporation  and  by-laws  of Parent and  Acquisition  Corp.
                  appended thereto have not been amended or modified.

                        (3) A certificate,  dated the Closing Date,  executed by
                  the  Secretary  of each of the Parent and  Acquisition  Corp.,
                  certifying  that,  except for the filing of the certificate of
                  merger with the  Secretary  of State of the State of Delaware:
                  (i) all consents, authorizations, orders and approvals of, and
                  filings and registrations  with, any court,  governmental body
                  or instrumentality  that are required to be obtained by Parent
                  or  Acquisition  Corp.  for the execution and delivery of this
                  Agreement and the  consummation  of the Merger shall have been
                  duly made or obtained; and (ii) no action or proceeding before
                  any court,  governmental  body or agency has been  threatened,
                  asserted or instituted  against Parent or Acquisition Corp. to
                  restrain  or  prohibit,  or to obtain  substantial  damages in
                  respect  of,  this  Agreement  or  the  carrying  out  of  the
                  transactions contemplated by this Agreement.

                                       36
<PAGE>

                        (4)  A  certificate  of  Empire  Stock  Transfer,  Inc.,
                  Parent's  transfer agent and  registrar,  certifying as of the
                  business  day  prior to the date  that any  shares  of  Parent
                  Common Stock are first issued in the Private Placement, a true
                  and  complete  list of the names and  addresses  of the record
                  owners  of all of the  outstanding  shares  of  Parent  Common
                  Stock,  together  with the  number of shares of Parent  Common
                  Stock held by each record owner.

                        (5) A letter from Empire Stock Transfer,  Inc., Parent's
                  transfer  agent and registrar,  certifying  that the number of
                  shares of Parent Common Stock issued and outstanding as of the
                  Closing Date, but prior to the initial  closing of the Private
                  Placement and the Merger,  is no more than 1,500,000 shares of
                  Parent Common Stock.

                        (6) (i) The executed  resignations  of all directors and
                  officers of Parent,  with the  director  resignations  to take
                  effect at the Effective Time, and (ii) executed  releases from
                  each  such  director  and  officer  in the form and  substance
                  acceptable to the Company in its sole discretion.

                        (7)  Evidence as of a recent  date of the good  standing
                  and corporate  existence of each of the Parent and Acquisition
                  Corp.  issued by the  Secretary  of State of their  respective
                  states of incorporation.

                        (8) Such additional  supporting  documentation and other
                  information  with  respect  to the  transactions  contemplated
                  hereby as the Company may reasonably request.

            (f) Parent Indemnification  Agreement. The following individuals and
      entities (the "Parent Indemnitors") shall have executed an Indemnification
      Agreement (the "Parent  Indemnification  Agreement") in form and substance
      acceptable   to  the  Company  in  its  sole   discretion,   which  Parent
      Indemnification  Agreement  shall  provide for the payment of Damages,  if
      any, to the Company Indemnified Parties in accordance with indemnification
      claims pursuant to Article IX hereof:  Marjorie Chessman, GRQ Consultants,
      Inc. and Gotham Capital Group.

            (g) Due Diligence. The Company shall have been and shall continue to
      be satisfied in its sole discretion (regardless of (1) the satisfaction of
      any or all of the other  closing  conditions,  (2) any  knowledge  of such
      matters on or prior to the Closing Date or (3) any  indication  previously
      given by, or on behalf of, Company with respect to the satisfaction of any
      such  matter)  with  the  results  of its  and  its  representatives'  due
      diligence investigation and evaluation of the Parent and Acquisition Corp.
      and each of the transactions contemplated hereby.

                                       37
<PAGE>

            (h)  Limitation on Dissenting  Shares.  The holders of not more than
      one percent  (1.0%) of the  outstanding  shares of Company  Capital  Stock
      shall have  exercised and not withdrawn  such holder's  right to appraisal
      and payment under Section 262 of the DGCL.

                                   ARTICLE IX
                       INDEMNIFICATION AND RELATED MATTERS

      Section 9.1  Indemnification  by Parent.  Parent shall  indemnify and hold
harmless the Company and the Stockholders (the "Company  Indemnified  Parties"),
and shall reimburse the Company  Indemnified  Parties for, any loss,  liability,
claim,  damage,  expense (including,  but not limited to, costs of investigation
and  defense  and   reasonable   attorneys'   fees)  or   diminution   of  value
(collectively, "Damages") arising from or in connection with (a) any inaccuracy,
in any material respect,  in any of the representations and warranties of Parent
and  Acquisition  Corp.  in this  Agreement or in any  certificate  delivered by
Parent and Acquisition  Corp. to the Company pursuant to this Agreement,  or any
actions,   omissions  or   statements  of  fact   inconsistent   with  any  such
representation  or warranty,  (b) any failure by Parent or Acquisition  Corp. to
perform or comply in any material respect with any covenant or agreement in this
Agreement,  (c) any claim for  brokerage  or  finder's  fees or  commissions  or
similar payments based upon any agreement or understanding  alleged to have been
made by any such party with Parent or Acquisition  Corp. in connection  with any
of the transactions  contemplated by this Agreement,  (d) Taxes  attributable to
any  transaction  or event  occurring on or prior to the Closing,  (e) any claim
relating to or arising out of any Liabilities  reflected on the Parent Financial
Statements or with respect to  accounting  fees arising  thereafter,  or (f) any
litigation,  action,  claim,  proceeding  or  investigation  by any third  party
relating  to or arising  out of the  business or  operations  of Parent,  or the
actions of Parent or any holder of Parent  capital  stock prior to the Effective
Time.

      Section 9.2  Survival.  All  representations,  warranties,  covenants  and
agreements of Parent and Acquisition Corp. contained in this Agreement or in any
instrument  delivered pursuant to this Agreement shall survive until twelve (12)
months after the Closing Date. The representations and warranties of the Company
contained in this  Agreement  or in any  instrument  delivered  pursuant to this
Agreement  will  terminate at, and have no further  force and effect after,  the
Effective Time.

      Section 9.3 Time  Limitations.  Neither Parent nor Acquisition Corp. shall
have any  liability  (for  indemnification  or  otherwise)  with  respect to any
representation or warranty, or agreement to be performed and complied with prior
to the  Effective  Time,  unless on or before the  one-year  anniversary  of the
Effective Time (the "Claims  Deadline"),  Parent is given notice of a claim with
respect  thereto,  in accordance with Section 9.5,  specifying the factual basis
therefore  in  reasonable  detail  to the  extent  then  known  by  the  Company
Indemnified Parties.

      Section  9.4  Limitation  on  Liability.  The  obligations  to Parent  and
Acquisition  Corp. to the Company  Indemnified  Parties set forth in Section 9.1
shall be subject to the following limitations:

                                       38
<PAGE>

            (a) The aggregate  liability of Parent and Acquisition  Corp. to the
      Company   Indemnified  Parties  under  this  Agreement  shall  not  exceed
      $500,000.00.

            (b) Other than claims  based on fraud or for  specific  performance,
      injunctive or other equitable relief, the Company Indemnified Parties sole
      and  exclusive  remedy  for any and all  claims for  Damages  pursuant  to
      Section 9.1 hereof shall be the  indemnification  provided under the terms
      and subject to the conditions of this Article IX.

      Section 9.5 Notice of Claims.

            (a) If,  at any  time on or prior to the  Claims  Deadline,  Company
      Indemnified Parties shall assert a claim for  indemnification  pursuant to
      Section 9.1,  such Company  Indemnified  Parties  shall submit to Parent a
      written claim stating:  (i) that a Company  Indemnified  Party incurred or
      reasonably  believes  it may incur  Damages  and the amount or  reasonable
      estimate thereof of any such Damages;  and (ii) in reasonable  detail, the
      facts  alleged as the basis for such claim and the  section or sections of
      this Agreement  alleged as the basis or bases for the claim.  If the claim
      is for Damages which the Company  Indemnified  Parties  reasonably believe
      may be incurred or are otherwise unliquidated,  the written claim shall be
      deemed to have been  asserted  under this Article IX in the amount of such
      estimated Damages, but no payment for indemnification  shall be made until
      such Damages have actually been incurred.

            (b) In the event  that any  action,  suit or  proceeding  is brought
      against any Company  Indemnified  Party with  respect to which  Parent may
      have liability  under this Article IX, the Parent shall have the right, at
      its cost and expense,  to defend such action,  suit or  proceeding  in the
      name and on behalf of the Company  Indemnified Party;  provided,  however,
      that a Company  Indemnified  Party  shall have the right to retain its own
      counsel,  with fees and expenses paid by Parent,  if representation of the
      Company   Indemnified  Party  by  counsel  retained  by  Parent  would  be
      inappropriate  because of actual or potential  differing interests between
      Parent and the Company  Indemnified  Party. In connection with any action,
      suit or  proceeding  subject to this  Article IX,  Parent and each Company
      Indemnified  Party  agree to render to each other such  assistance  as may
      reasonably be required in order to ensure  proper and adequate  defense of
      such  action,  suit or  proceeding.  Parent  shall not,  without the prior
      written  consent of the  applicable  Company  Indemnified  Parties,  which
      consent  shall  not  be  unreasonably  withheld  or  delayed,   settle  or
      compromise any claim or demand if such  settlement or compromise  does not
      include  an  irrevocable  and   unconditional   release  of  such  Company
      Indemnified Parties for any liability arising out of such claim or demand.

      Section 9.6 Payment of Damages.  In the event that the Company Indemnified
Parties  shall be entitled to  indemnification  pursuant to this  Article IX for
actual Damages incurred by them, Parent shall, within thirty (30) days after the
final determination of the amount of such Damages,  cause the Parent Indemnitors
to  reimburse  the Company  Indemnified  Parties for the amount of such  Damages
pursuant to the Parent Stockholder Indemnification Agreement.

                                       39
<PAGE>

                                   ARTICLE X
                          TERMINATION PRIOR TO CLOSING

      Section 10.1 Termination of Agreement. This Agreement may be terminated at
any time prior to the Closing:

            (a) by the mutual written consent of the Company,  Acquisition Corp.
      and Parent;

            (b) by the  Company,  if Parent or  Acquisition  Corp.  (i) fails to
      perform in any material  respect any of its  agreements  contained  herein
      required  to be  performed  by it on or prior to the  Closing  Date,  (ii)
      materially  breaches any of its  representations,  warranties or covenants
      contained herein,  which failure or breach is not cured within thirty (30)
      days after the Company has notified  Parent and  Acquisition  Corp. of its
      intent to terminate this Agreement pursuant to this paragraph (b);

            (c) by Parent and  Acquisition  Corp.,  if the  Company (i) fails to
      perform in any material  respect any of its  agreements  contained  herein
      required  to be  performed  by it on or prior to the  Closing  Date,  (ii)
      materially  breaches any of its  representations,  warranties or covenants
      contained herein,  which failure or breach is not cured within thirty (30)
      days after  Parent or  Acquisition  Corp.  has notified the Company of its
      intent to terminate this Agreement pursuant to this paragraph (c);

            (d)  by  either  the  Company,  on  the  one  hand,  or  Parent  and
      Acquisition  Corp., on the other hand, if there shall be any order,  writ,
      injunction or decree of any court or  governmental  or  regulatory  agency
      binding on Parent,  Acquisition  Corp. or the Company,  which prohibits or
      materially  restrains  any of  them  from  consummating  the  transactions
      contemplated  hereby;  provided  that the parties  hereto  shall have used
      their best  efforts to have any such  order,  writ,  injunction  or decree
      lifted and the same shall not have been  lifted  within  ninety  (90) days
      after entry, by any such court or governmental or regulatory agency;

            (e)  by  either  the  Company,  on  the  one  hand,  or  Parent  and
      Acquisition  Corp.,  on the other hand, if the Closing has not occurred on
      or  prior  to  May  31,   2005,   for  any  reason  other  than  delay  or
      nonperformance of the party seeking such termination;

            (f) by the Company, if the condition set forth in Section 8.2(h) has
      not been satisfied on or prior to May 31, 2005; or

            (g)  by the  Company  if  the  Board  of  Directors  of the  Company
      determines  in good  faith,  based  upon  advice  of legal  counsel,  that
      termination  pursuant to this Section  10.1(g) is necessary to comply with
      its  fiduciary  duties  under  applicable  law as  provided in Section 7.6
      hereof.

      Section 10.2  Termination  of  Obligations.  Termination of this Agreement
pursuant to Section 10.1 hereof shall  terminate all  obligations of the parties
hereunder,  except for the obligations under Article IX, Article X, and Sections
11.4, 11.7, 11.14 and 11.15 hereof; provided, however, that termination pursuant
to  paragraphs  (b) or (c) of Section 10.1 shall not relieve the  defaulting  or
breaching party or parties from any liability to the other parties hereto.

                                       40
<PAGE>

      Section  10.3  Termination  Fee.  If  the  Company  shall  terminate  this
Agreement  pursuant  to  Section  10.1(b)  hereof,  Parent  shall pay  Company a
non-refundable fee of $50,000.00,  such amount to be payable by wire transfer of
same day  funds  immediately  following  the  such  termination  to the  account
designated by the Company.  If the Parent or Acquisition  Corp.  shall terminate
this  Agreement  pursuant to Section  10.1(c),  the  Company  shall pay Parent a
non-refundable  fee of $5,000.00,  such amount to be payable by wire transfer of
same day  funds  immediately  following  the  such  termination  to the  account
designated by Parent.

                                   ARTICLE XI
                                  MISCELLANEOUS

      Section 11.1 Amendments.  Subject to applicable law, this Agreement may be
amended or modified by the parties hereto by written agreement  executed by each
party to be bound  thereby  and  delivered  by duly  authorized  officers of the
parties hereto at any time prior to the Effective Time; provided,  however, that
after  the  approval  of  the  Merger  by  the  Stockholders,  no  amendment  or
modification  of this  Agreement  shall  be made  that by law  requires  further
approval from the Stockholders without such further approval.

      Section 11.2 Notices. Any notice, request, instruction,  other document or
communications  to be given  hereunder  by any party  hereto to any other  party
hereto  shall be in writing and shall be deemed to have been duly given (a) when
delivered  personally,  (b) upon receipt of a transmission  confirmation (with a
confirming  copy delivered  personally or sent by overnight  courier) if sent by
facsimile  or like  transmission,  or (c) on the next  business day when sent by
Federal  Express,  United Parcel Service,  U.S.  Express Mail or other reputable
overnight courier for guaranteed next day delivery, as follows:

 If to Parent or Acquisition Corp., to:     Becoming Art, Inc.
                                            c/o John Karlsson
                                            475 Howe Street
                                            Suite 1100
                                            Vancouver, B.C. V6C 2B3
                                            Telephone:     604-801-5995
                                            Facsimile:     604-801-5939

                                            with a copy to:

                                            Olshan Grundman Frome
                                               Rosenzweig & Wolosky LLP
                                            Attention:    Harvey J. Kesner, Esq.
                                            Park Avenue Tower
                                            65 East 55th Street
                                            New York, NY 10022
                                            Telephone:     212-451-2259
                                            Facsimile:     212-451-2222

                                       41
<PAGE>

 If to the Company, to:                   20/20 Technologies, Inc.
                                          Attention:     Patrick C. Shutt, CEO
                                          1021 West Adams Street - Suite 103
                                          Chicago, IL 60607
                                          Telephone:     312-673-2402
                                          Facsimile:     312-673-2422

                                          with a copy to:

                                          Shefsky & Froelich Ltd.
                                          Attention: Mitchell D. Goldsmith, Esq.
                                          444 North Michigan Avenue - Suite 2500
                                          Chicago, IL  60611
                                          Telephone:     312-836-4006
                                          Facsimile:     312-527-3194

                                          After May 1, 2005:

                                          Shefsky & Froelich Ltd.
                                          Attention: Mitchell D. Goldsmith, Esq.
                                          111 East Wacker Drive - Suite 2800
                                          Chicago, IL  60601
                                          Telephone:     312-836-4006
                                          Facsimile:     312-527-3194

or to such other  persons or  addresses as may be  designated  in writing by the
party to receive  such  notice.  Nothing in this Section 11.2 shall be deemed to
constitute  consent  to the  manner  and  address  for  service  of  process  in
connection  with  any  legal  proceeding   (including   arbitration  arising  in
connection with this Agreement),  which service shall be effected as required by
applicable law.

      Section 11.3 Entire  Agreement.  This  Agreement,  the Company  Disclosure
Schedule,  the Parent  Disclosure  Schedule and the exhibits  attached hereto or
referred to herein  constitute the entire  agreement of the parties hereto,  and
supersede all prior  agreements and  undertakings,  both written and oral, among
the parties hereto, with respect to the subject matter hereof and thereof.

                                       42
<PAGE>

      Section 11.4  Expenses.  Except as otherwise  expressly  provided  herein,
whether or not the Merger  occurs,  all expenses and fees  incurred by Parent on
one hand,  and the Company on the other,  shall be borne  solely and entirely by
the party that has  incurred  the same;  provided,  that if the  Merger  occurs,
Parent  agrees to pay,  and shall cause the  Surviving  Corporation  to pay, any
unpaid  fees and  expenses of the Company  (including  fees and  expenses of its
counsel  and  other  advisors)  in  connection  with  the  consummation  of  the
transactions contemplated by this Agreement.

      Section  11.5  Severability.  If any  term  or  other  provision  of  this
Agreement is invalid,  illegal or incapable of being enforced by any rule of law
or public  policy,  all other  conditions  and provisions of this Agreement will
nevertheless  remain in full force and effect so long as the  economic  or legal
substance of the transactions  contemplated hereby is not affected in any manner
materially  adverse to any party. Upon such determination that any term or other
provision is invalid, illegal or incapable of being enforced, the parties hereto
will  negotiate in good faith to amend or modify this  Agreement so as to effect
the  original  intent of the  parties as closely as  possible  in an  acceptable
manner to the end that  transactions  contemplated  hereby are  fulfilled to the
extent possible.

      Section 11.6 Successors and Assigns;  Assignment.  This Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns.  Neither this Agreement nor any of the rights, interests
or  obligations  hereunder  shall be assigned or delegated by any of the parties
hereto without, in the case of Parent, the prior written approval of the Company
and, in the case of the Company, the prior written approval of Parent.

      Section 11.7 No Third Party Beneficiaries.  Except as set forth in Section
9.1, Section 11.6, and the introductory  paragraph of Article V hereof,  nothing
herein expressed or implied shall be construed to give any person other than the
parties hereto (and their successors and assigns as permitted  herein) any legal
or equitable rights hereunder.

      Section 11.8  Counterparts;  Delivery by Facsimile.  This Agreement may be
executed  in  multiple  counterparts,  and by the  different  parties  hereto in
separate  counterparts,  each of which  when  executed  will be  deemed to be an
original  but all of  which  taken  together  will  constitute  one and the same
agreement. This Agreement and each other agreement or instrument entered into in
connection  herewith or therewith  or  contemplated  hereby or thereby,  and any
amendments  hereto or thereto,  to the extent signed and delivered by means of a
facsimile  machine,  shall be treated in all manner and  respects as an original
agreement or  instrument  and shall be considered to have the same binding legal
effect as if it were the original signed version thereof delivered in person. At
the request of any party  hereto or to any such  agreement or  instrument,  each
other  party  hereto or thereto  shall  re-execute  original  forms  thereof and
deliver them to all other  parties.  No party hereto or to any such agreement or
instrument shall raise the use of a facsimile  machine to deliver a signature or
the fact that any  signature or  agreement  or  instrument  was  transmitted  or
communicated  through  the  use  of a  facsimile  machine  as a  defense  to the
formation or enforceability of a contract and each such party forever waives any
such defense.

      Section 11.9 Waiver.  At any time prior to the Effective  Time,  any party
hereto may (a) extend the time for the  performance of any of the obligations or
other  acts of the  other  party  hereto;  (b)  waive  any  inaccuracies  in the
representations  and  breaches of the  warranties  of the other party  contained
herein or in any document delivered pursuant hereto; and (c) waive compliance by
the other party with any of the agreements or conditions  contained herein.  Any
such  extension  or waiver will be valid only if set forth in an  instrument  in
writing signed by the party or parties to be bound thereby.

                                       43
<PAGE>

      Section 11.10 No Constructive  Waivers. No failure or delay on the part of
any party hereto in the exercise of any right  hereunder  will impair such right
or be  construed  to be a waiver  of,  or  acquiescence  in,  any  breach of any
representation,  warranty,  agreement or covenant herein, nor will any single or
partial exercise of any such right preclude other or further exercise thereof or
of any other right. No waiver by any party of any default, misrepresentation, or
breach of warranty or covenant  hereunder,  whether intentional or not, shall be
deemed  to  extend to any prior or  subsequent  default,  misrepresentation,  or
breach of warranty or covenant hereunder or affect in any way any rights arising
by virtue of any prior or subsequent such occurrence.

      Section  11.11  Further  Assurances.  The parties  hereto  shall use their
commercially  reasonable  efforts  to do and  perform  or  cause  to be done and
performed  all such  further  acts and things and shall  execute and deliver all
such other agreements, certificates, instruments or documents as any other party
hereto  may  reasonably  request  in order to carry  out fully  the  intent  and
purposes of this Agreement and the consummation of the transactions contemplated
hereby.

      Section  11.12  Recitals.  The recitals  set forth above are  incorporated
herein and, by this  reference,  are made part of this Agreement as if fully set
forth herein.

      Section 11.13 Headings.  The headings  contained in this Agreement are for
reference  purposes  only  and  shall  not  affect  in any  way the  meaning  or
interpretation of this Agreement.

      Section  11.14   Governing  Law.  This   Agreement  and  the   agreements,
instruments and documents contemplated hereby shall be governed by and construed
and enforced in accordance with the laws of the State of Delaware without regard
to its conflicts of law principles.

      Section  11.15  Dispute  Resolution.  The parties  hereto shall  initially
attempt to resolve all claims,  disputes or controversies  arising under, out of
or in  connection  with this  Agreement by  conducting  good faith  negotiations
amongst  themselves.  If the  parties  hereto are  unable to resolve  the matter
following good faith  negotiations,  the matter shall  thereafter be resolved by
binding  arbitration  and each  party  hereto  hereby  waives  any  right it may
otherwise  have to the resolution of such matter by any means other than binding
arbitration  pursuant to this  Section  11.15.  Whenever a party shall decide to
institute  arbitration  proceedings,  it shall  provide  written  notice to that
effect to the other parties hereto. The party giving such notice shall, however,
refrain from instituting the arbitration  proceedings for a period of sixty (60)
days  following  such notice.  During this period,  the parties  shall make good
faith  efforts to amicably  resolve the claim,  dispute or  controversy  without
arbitration.  Any  arbitration  hereunder  shall  be  conducted  in the  English
language  under  the rules of the  American  Arbitration  Association.  Any such
arbitration  shall  be  conducted  in  Chicago,  Illinois  by a panel  of  three
arbitrators:  one  arbitrator  shall be appointed by each of Parent and Company;
and the third shall be appointed by the American  Arbitration  Association.  The
panel of  arbitrators  shall have the authority to grant  specific  performance.
Judgment  upon  the  award  so  rendered  may be  entered  in any  court  having
jurisdiction or application may be made to such court for judicial acceptance of
any award and an order of  enforcement,  as the case may be. In no event shall a
demand for  arbitration  be made after the date when  institution  of a legal or
equitable  proceeding  based on the claim,  dispute or  controversy  in question
would  be  barred  under  this  Agreement  or  by  the  applicable   statute  of
limitations.  The prevailing  party in any  arbitration in accordance  with this
Section 11.15 shall be entitled to recover from the other party,  in addition to
any other remedies specified in the award, all reasonable costs, attorneys' fees
and other  expenses  incurred by such  prevailing  party to arbitrate the claim,
dispute or controversy.

                                       44
<PAGE>

      Section 11.16 Interpretation.

            (a) When a  reference  is made in this  Agreement  to a  section  or
      article, such reference shall be to a section or article of this Agreement
      unless otherwise clearly indicated to the contrary.

            (b) Whenever the words "include", "includes" or "including" are used
      in this  Agreement,  they  shall be  deemed  to be  followed  by the words
      "without limitation."

            (c) The words "hereof",  "hereby", "herein" and "herewith" and words
      of similar import shall, unless otherwise stated, be construed to refer to
      this  Agreement  as a whole and not to any  particular  provision  of this
      Agreement,  and  article,   section,   paragraph,   exhibit  and  schedule
      references  are  to  the  articles,  sections,  paragraphs,  exhibits  and
      schedules of this Agreement unless otherwise specified.

            (d) The words  "knowledge,"  or "known to," or similar  terms,  when
      used in this Agreement to qualify any  representation or warranty,  refers
      to the knowledge or awareness of certain  specific facts or  circumstances
      related  to  such  representation  or  warranty  of  the  persons  in  the
      Applicable  Knowledge Group (as defined  herein) which a prudent  business
      person would have obtained after reasonable investigation or due diligence
      on the part of any such person.  For the purposes hereof,  the "Applicable
      Knowledge  Group" with  respect to the Company  shall be Patrick C. Shutt,
      George A. King,  Jonathan  Wynne Evans and Milan  Saric.  For the purposes
      hereof,  the "Applicable  Knowledge  Group" with respect to Parent and the
      Acquisition  Corp.  shall be David  Bennett,  President  and  Treasurer of
      Parent,  Daniel  Bernstein,  Secretary  of Parent,  and Barry  Honig,  GRQ
      Consultants, Inc.

            (e) The word "subsidiary"  shall mean any entity of which at least a
      majority  of the  outstanding  shares  or other  equity  interests  having
      ordinary voting power for the election of directors or comparable managers
      of such  entity is owned,  directly  or  indirectly  by another  entity or
      person.

            (f) For purposes of this  Agreement,  "ordinary  course of business"
      means the  ordinary  course of  business  consistent  with past custom and
      practice (including with respect to quantity and frequency).

            (g) The plural of any defined term shall have a meaning  correlative
      to such defined  term,  and words  denoting  any gender shall  include all
      genders.  Where a word or  phrase  is  defined  herein,  each of its other
      grammatical forms shall have a corresponding meaning.

                                       45
<PAGE>

            (h) A  reference  to  any  legislation  or to any  provision  of any
      legislation  shall include any modification or re-enactment  thereof,  any
      legislative   provision  substituted  therefor  and  all  regulations  and
      statutory  instruments  issued thereunder or pursuant thereto,  unless the
      context requires otherwise.

            (i) The parties hereto have participated  jointly in the negotiation
      and drafting of this  Agreement.  In the event an ambiguity or question of
      intent or interpretation  arises,  this Agreement shall be construed as if
      drafted  jointly by the  parties,  and no  presumption  or burden of proof
      shall arise favoring or disfavoring  any party by virtue of the authorship
      of any provisions of this Agreement.

      Section 11.17  Registration  Rights.  No later than seventy-five (75) days
following the  completion of the Private  Placement,  Parent shall,  at its sole
cost and expense,  prepare and file with the Commission a registration statement
on  Form  SB-2,  Form  S-3  (or  other  appropriate  form)  (the   "Registration
Statement") to register all of the Parent Common Stock (i) issuable  pursuant to
Section 3.1 hereof in exchange  for Company  Series A Preferred  Stock,  Company
Series B  Preferred  Stock,  and  Company  Series C  Preferred  Stock,  and (ii)
issuable  pursuant  to Section  3.3  hereof  upon the  exercise  of the Series B
Warrants  and  Series C Warrants  and  conversion  of the Series C Bridge  Notes
(collectively,  the shares  described in (i) and (ii) hereof,  the  "Registrable
Shares"),  to permit  the public  offering  and sale of the  Registrable  Shares
through the facilities of all appropriate  securities  exchanges or inter-dealer
quotation  systems,  if any, on which the Parent  Common  Stock is being sold or
quoted.  Parent  will use  commercially  reasonable  best  efforts  through  its
officers, directors, auditors and counsel to cause the Registration Statement to
become effective as promptly as practicable.

                [The remainder of this page intentionally blank]

                                       46
<PAGE>

      IN WITNESS  WHEREOF,  each of the parties hereto has caused this Agreement
to be executed as of the date first above written by their  respective  officers
thereunto duly authorized.

                              COMPANY:

                              20/20 TECHNOLOGIES, INC.

                              By:
                                    -----------------------------------------
                                    Patrick C. Shutt, Chief Executive Officer

                              PARENT:

                              BECOMING ART, INC.

                              By:
                                    -----------------------------------------
                              Name:
                                    -----------------------------------------
                              Title:
                                    -----------------------------------------

                              ACQUISITION CORP.:

                              20/20 ACQUISITION SUBSIDIARY, INC.

                              By:
                                    -----------------------------------------
                              Name:
                                    -----------------------------------------
                              Title:
                                    -----------------------------------------
<PAGE>

                                    Exhibit A
              Certificate of Incorporation of Surviving Corporation

                                      A-1
<PAGE>

                          CERTIFICATE OF INCORPORATION
                                       OF
                             20/20 ACQUISITION, INC.

      I. The name of the corporation is 20/20 Acquisition, Inc.

      II. The  address of its  registered  office in the State of  Delaware is 9
East Loockerman,  in the City of Dover,  19901,  County of Kent. The name of its
registered agent at such address is National Registered Agents, Inc.

      III. The nature of the business or purposes to be conducted or promoted is
to engage in any lawful act or activity for which  corporations may be organized
under the General Corporation Law of the State of Delaware.

      IV. The total number of shares of stock which the  Corporation  shall have
authority to issue are:

            1,000 Common Stock, par value $.00001 per share.

            1,000 Preferred Stock, par value $.00001 per share.

      The  Preferred  Stock  may be  issued  from  time to time,  in one or more
series,  and each series shall be known and designated by designations as may be
stated and  expressed in a  resolution  or  resolutions  adopted by the Board of
Directors of the  Corporation and as shall have been set forth in a certificate,
made, executed,  acknowledged,  filed and recorded in the manner required by the
laws of the State of Delaware in order to make the same  effective.  Each series
shall  consist of the number of shares as shall be stated and  expressed  in the
resolution(s)  providing  for the  issuance  of  Preferred  Stock of the  series
together  with the  additional  number of shares  as the Board of  Directors  by
resolution(s) may, from time to time,  determine to issue as part of the series.
Unless otherwise  provided with respect to any series,  shares of any series may
be issued in fractional  shares. All shares of any one series of Preferred Stock
shall  be alike in  every  particular  respect  except  that  shares  issued  at
different  times may accumulate  dividends from  different  dates.  The Board of
Directors  shall have the power and  authority  to state and  determine,  in the
resolution(s)  providing  for the issue of each series of Preferred  Stock,  the
number of shares of each series  authorized to be issued,  the voting powers (if
any) and the designations,  preferences and relative, participating, optional or
other rights  appertaining  to series,  and the  qualifications,  limitations or
restrictions  of the  series  (including,  but not  limited  to,  full power and
authority to determine as to the Preferred Stock of each series,  the rate(s) of
dividends payable thereon, the times of payment of the dividends, the prices and
manner upon which the Preferred Stock of the series may be redeemed,  the amount
or amounts payable  thereon in the event of liquidation,  dissolution or winding
up of the Corporation,  and the right (if any) to convert the same into,  and/or
to purchase,  stock of any other class or series).  The Board of Directors  may,
from time to time,  decrease  the number of  authorized  shares of any series of
Preferred  Stock (but not below the number of shares of any series of  Preferred
Stock then outstanding). The foregoing provisions of this paragraph with respect
to the creation or issuance of series of Preferred Stock shall be subject to any
additional  conditions  with  respect  thereto  which  may be  contained  in any
resolutions  then in  effect  which  shall  have  theretofore  been  adopted  in
accordance  with the foregoing  provisions of this paragraph with respect to any
then outstanding series of Preferred Stock.

                                      A-2
<PAGE>

      V. The Corporation is to have perpetual existence.

      VI. In  furtherance  and not in  limitation  of the  powers  conferred  by
statute, the Board of Directors is expressly authorized to make, alter or repeal
the bylaws of the Corporation,  subject to any specific  limitation  provided by
any bylaws adopted by the stockholders.

      VII.  Meetings of stockholders  may be held within or outside of the State
of Delaware,  as the by-laws may provide.  The books of the  Corporation  may be
kept  (subject to any  provision  contained in the bylaws)  outside the State of
Delaware at such place or places as may be  designated  from time to time by the
Board of Directors or in the bylaws of the  Corporation.  Elections of directors
need not be by written  ballot  unless the  bylaws of the  Corporation  shall so
provide.

      VIII. A director of the Corporation  shall not be personally liable to the
Corporation  or its  stockholders  for monetary  damages for breach of fiduciary
duty as a director,  except for liability  (i) for any breach of the  director's
duty of  loyalty  to the  Corporation  or its  stockholders,  (ii)  for  acts or
omissions not in good faith or which involve intentional misconduct or a knowing
violation of law, (iii) under Section 174 of the General  Corporation Law of the
State of Delaware,  or (iv) for any transaction  from which the director derived
an improper  personal  benefit.  If the General  Corporation Law of the State of
Delaware,  or any other  applicable  law,  is amended to  authorize  corporation
action further eliminating or limiting the personal liability of directors, then
the liability of a director of the Corporation shall be eliminated or limited to
the fullest  extent  permitted  by the General  Corporation  Law of the State of
Delaware, or any other applicable law, as so amended. Any repeal or modification
of this Article VIII by the stockholders of the Corporation  shall not adversely
affect any right or protection of a director of the Corporation  existing at the
time of such repeal or modification.

      IX. The Corporation shall indemnify, to the full extent that it shall have
power under  applicable law to do so and in a manner  permitted by such law, any
person  made or  threatened  to be made a party to any  threatened,  pending  or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative,  by reason of the fact that such  person is or was a director  or
officer of the Corporation  against liabilities and expenses reasonably incurred
or paid by such person in connection with such action,  suit or proceeding.  The
Corporation  may  indemnify,  to the full  extent that it shall have power under
applicable  law to do so and in a manner  permitted by such law, any person made
or threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, whether civil, criminal, administrative or investigative, by
reason  of the fact  that  such  person  is or was an  employee  or agent of the
Corporation,  or is or was  serving  at the  request  of  the  Corporation  as a
director, officer, employee or agent of another corporation,  partnership, joint
venture,  trust or other enterprise against  liabilities and expenses reasonably
incurred  or paid  by such  person  in  connection  with  such  action,  suit or
proceeding.  The words  "liabilities"  and  "expenses"  shall  include,  without
limitation:  liabilities,  losses, damages, judgments, fines, penalties, amounts
paid in settlement,  expenses,  attorneys' fees and costs.  The  indemnification
provided by or granted pursuant to this Article IX shall not be deemed exclusive
of any other rights to which any person  indemnified or being advanced  expenses
may be entitled under any statute,  bylaw,  agreement,  vote of  stockholders or
disinterested  directors  or  otherwise,  both as to  action  in  such  person's
official  capacity  and as to action in  another  capacity  while  holding  such
office,  and shall  continue  as to a person  who has  ceased to be a  director,
officer,  employee  or agent  and  shall  inure  to the  benefit  of the  heirs,
executors and administrators of such person.

                                      A-3
<PAGE>

      The  Corporation  may  purchase  and  maintain  insurance on behalf of any
person  referred to in the preceding  paragraph  against any liability  asserted
against and incurred by such person in any such capacity, or arising out of such
person's status as such,  whether or not the Corporation would have the power to
indemnify  such person  against  such  liability  under the  provisions  of this
Article IX or otherwise.

      For purposes of this Article IX,  references  to the  "Corporation"  shall
include, in addition to the resulting corporation,  any constituent  corporation
(including  any  constituent of a constituent)  absorbed in a  consolidation  or
merger which, if its separate existence had continued,  would have had power and
authority to indemnify its directors, officers, employees or agents, so that any
person who is or was a director,  officer, employee or agent of such constituent
corporation,  or was serving at the request of such constituent corporation as a
director, officer, employee or agent of another corporation,  partnership, joint
venture,  trust or other enterprise,  shall stand in the same position under the
provisions  of this  Article  IX with  respect  to the  resulting  or  surviving
corporation  as  such  person  would  have  with  respect  to  such  constituent
corporation if its separate existence had continued.

      The provisions of this Article IX shall be deemed to be a contract between
the  Corporation and each director or officer who serves in any such capacity at
any time  while this  Article  IX and the  relevant  provisions  of the  General
Corporation Law of the State of Delaware or other applicable law, if any, are in
effect,  and any repeal or  modification of such law or of this Article IX shall
not affect any rights or obligations  then existing with respect to any state of
facts then or theretofore existing or any action, suit or proceeding theretofore
or  thereafter  brought  or  threatened  based in whole or in part upon any such
state of facts.

      For purposes of this Article IX, references to "other  enterprises"  shall
include employee  benefit plans;  references to "fines" shall include any excise
taxes  assessed  on a person  with  respect to an  employee  benefit  plan;  and
references  to  "serving at the request of the  Corporation"  shall  include any
service as a  director,  officer,  employee  or agent of the  Corporation  which
imposes duties on, or involves services by, such director,  officer, employee or
agent  with  respect  to  an  employee   benefit  plan,  its   participants   or
beneficiaries;  and a person who acted in good faith and in a manner such person
reasonably  believed to be in the interest of the participants and beneficiaries
of an  employee  benefit  plan  shall be  deemed to have  acted in a manner  not
opposed to the best interests of the Corporation.

      X.  Whenever  a  compromise  or  arrangement   is  proposed   between  the
Corporation  and  its  creditors  or  any  class  of  them  and/or  between  the
Corporation  and its  stockholders  or any class of them, any court of equitable
jurisdiction  within the State of Delaware may, on the  application in a summary
way of the  Corporation  or of any  creditor  or  stockholder  thereof or on the
application of any receiver or receivers appointed for the Corporation under the
provisions  of  Section  291 of the  General  Corporation  Law of the  State  of
Delaware or on the  application of trustees in dissolution or of any receiver or
receivers  appointed for the Corporation  under the provisions of Section 279 of
the General  Corporation  Law of the State of  Delaware,  order a meeting of the
creditors or class of creditors,  and/or of the stockholders of the Corporation,
as the case may be, to be summoned in such manner as the said court directs.

                                      A-4
<PAGE>

If a  majority  in  number  representing  three-fourths  (3/4)  in  value of the
creditors  or  class  of  creditors,  and/or  of the  stockholders  or  class of
stockholders of the Corporation,  as the case may be, agree to any compromise or
arrangement  and to any  reorganization  of the  Corporation as a consequence of
such compromise or arrangement,  the said compromise or arrangement and the said
reorganization  shall, if sanctioned by the court to which the said  application
has been made, be binding on all the creditors or class of creditors,  and/or on
all stockholders or class of stockholders,  of the Corporation,  as the case may
be, and also on the Corporation.

      XI. The Corporation  hereby expressly elects not to be governed by Section
203 of the General Corporation Law of the State of Delaware.

      XII. The Corporation  reserves the right to amend, alter, change or repeal
any provision contained in this Certificate of Incorporation,  in the manner now
or hereafter  prescribed by law, and all rights  conferred upon the stockholders
herein are granted subject to this reservation.

      XIII. The name and address of incorporator is as follows:

               Cindy Circo Zahora           444 N. Michigan Ave., Suite 2500
                                            Chicago, Illinois 60611

      IN WITNESS WHEREOF, the undersigned,  being the incorporator  hereinbefore
named,  for the  purpose  of  forming  a  corporation  pursuant  to the  General
Corporation   Law  of  the  State  of  Delaware,   makes  this   Certificate  of
Incorporation,  hereby declaring and certifying that the facts herein stated are
true, and accordingly, has hereunto set her hand this 1st day of October, 2004.

                                                  /s/ Cindy Circo Zahora
                                                  ----------------------
                                                  Incorporator

                                      A-5
<PAGE>

                                    Exhibit B
                        By-laws of Surviving Corporation

                                      B-1
<PAGE>

                                     BY-LAWS

                                       OF

                             20/20 ACQUISITION, INC.

                                    ARTICLE I
                                     OFFICES

      The corporation shall  continuously  maintain in the State of Delaware,  a
registered  office and a registered  agent whose  office is identical  with such
registered  office and may have other offices  within or without the state.  The
address of the  corporation's  registered  office in the State of  Delaware is 9
East Loockerman  Street,  Dover,  Delaware 19901. The name of the  corporation's
registered  agent at such  address  is  National  Registered  Agents,  Inc.  The
corporation  reserves the power to change its  registered  agent and  registered
office at any time.

                                   ARTICLE II
                                  STOCKHOLDERS

      Section 2.1 Annual Meeting. An annual meeting of the stockholders shall be
held not less than thirty (30) days after  delivery  of the annual  report,  but
within six (6) months  after the end of each  fiscal  year,  for the  purpose of
electing  directors and for the transaction of such other business,  as may come
before the meeting.

      Section 2.2 Special Meetings.  Special meetings of the stockholders may be
called  either  by the  chairman  of the  board,  the  president,  the  board of
directors,  or by any  stockholders  who hold in the aggregate not less than ten
percent  (10%) of the  outstanding  shares of common  stock for the  purpose  or
purposes stated in the call of the meeting.

      Section 2.3 Place of Meetings.  Each meeting of the  stockholders  for the
election of directors  shall be held at the offices of the  corporation,  unless
the board of directors  shall by  resolution,  designate any other place of such
meeting.  Meetings  of  stockholders  for any other  purpose may be held at such
place,  within or without  the State of  Delaware,  and at such time as shall be
determined  pursuant to Section 2.2 of this Article II, and stated in the notice
of the  meeting or in a duly  executed  waiver of notice  thereof.  The board of
directors may, in its sole  discretion,  determine that the meeting shall not be
held  at any  place,  but  may  instead  be  held  solely  by  means  of  remote
communication.

      Section  2.4  Notice of  Meetings.  A written  notice of each  meeting  of
stockholders,  stating the place if any, date and hour of the meeting, the means
of remote communication,  if any, by which stockholders and proxy holders may be
deemed to be present in person and vote at such  meeting,  and, in the case of a
special meeting,  the purpose or purposes for which the meeting is called, shall
be given to each stockholder  entitled to vote at the meeting.  Unless otherwise
provided by the General Corporation Law of Delaware ("Delaware Law"), the notice
shall be given not less than ten (10) nor more than sixty  (60) days  before the
date of the meeting,  and, if mailed,  shall be  deposited in the United  States
mail,  postage  prepaid,  both directed to the  stockholder at his address as it
appears on the records of the corporation. No notice need be given to any person
with whom  communication  is unlawful,  nor shall there be any duty to apply for
any  permit or  license  to give  notice  to any such  person.  Notice  given by
electronic  transmission  and  returned  as  undeliverable,  shall not be deemed
proper notice for purposes of this section.

                                      B-2
<PAGE>

      Section   2.5  Waiver  of  Notice.   Anything   herein  to  the   contrary
notwithstanding, with respect to any stockholder meeting, any stockholder who in
person  or by proxy  shall  have  waived  in  written  notice  or any  waiver by
electronic  transmission of the meeting, either before or after such meeting, or
who shall  attend  the  meeting  in person or by proxy,  shall be deemed to have
waived  notice of such  meeting  unless he attends  for the  express  purpose of
objecting,  at the beginning of the meeting,  to the transaction of any business
because the meeting is not lawfully called or convened.

      Section 2.6 Quorum; Manner of Acting And Order of Business. Subject to the
provisions of these by-laws,  the certificate of incorporation,  as amended, and
Delaware  Law as to the  vote  that is  required  for a  specified  action,  the
presence in person, by proxy, or by electronic  transmission of the holders of a
majority of the outstanding  shares of the  corporation  entitled to vote at any
meeting  of  stockholders  shall  constitute  a quorum  for the  transaction  of
business.  The  vote  of  the  holders  of a  majority  of  the  shares  of  the
corporation's  stock entitled to vote, present in person,  represented by proxy,
or by  electronic  transmission,  shall be  binding on all  stockholders  of the
corporation,  unless  the vote of a  greater  number or  voting  by  classes  is
required  by law or the  certificate  of  incorporation,  as  amended,  or these
by-laws.  The  stockholders  present at a duly called or held meeting at which a
quorum is present may continue to do business until adjournment, notwithstanding
the withdrawal of enough stockholders to leave less than a quorum.

      In the absence of a quorum,  stockholders holding a majority of the shares
present in person, by proxy, or by electronic transmission are entitled to vote,
regardless of whether or not they constitute a quorum, or if no stockholders are
present,  any officer entitled to preside at or act as secretary of the meeting,
may adjourn the meeting to another time and place. Any business which might have
been  transacted  at the original  meeting may be  transacted  at any  adjourned
meeting at which a quorum is present.  No notice of an adjourned meeting need be
given  if  the  time,  place,  if  any,   thereof,   and  the  means  of  remote
communications, if any, by which stockholders and proxy holders may be deemed to
be present in person and vote at such  adjourned  meeting,  are announced at the
meeting at which the  adjournment  is taken except that, if  adjournment  is for
more than thirty (30) days or if,  after the  adjournment,  a new record date is
fixed for the meeting,  notice of the adjourned  meeting shall be given pursuant
to Section 2.4 of this Article II.

      Meetings of the stockholders shall be presided over by the chairman of the
board,  or in  his  absence  by  the  president,  or in  his  absence  by a vice
president,  or in the absence of the foregoing persons by a chairman  designated
by the board of directors,  or in the absence of such  designation by a chairman
chosen at the meeting.  The secretary shall act as secretary of the meeting, but
in his  absence  the  chairman  of the  meeting may appoint any person to act as
secretary  of  the  meeting.  The  order  of  business  at all  meetings  of the
stockholders  shall be  determined  by the  chairman.  The order of  business so
determined,  however, may be changed by vote of the holders of a majority of the
shares present at the meeting in person or represented by proxy.

                                      B-3
<PAGE>

      Section  2.7 Voting;  Proxies.  Each  stockholder  of record on the record
date, as determined  pursuant to Section 6.6 of Article VI, shall be entitled to
one vote for every share  registered  in his name.  However,  all  elections  of
directors  shall  be  by  written  ballot,  unless  otherwise  provided  in  the
certificate  of  incorporation,  as  amended;  if  authorized  by the  board  of
directors,  such  requirement of a written ballot shall be satisfied by a ballot
submitted  by  electronic  transmission,   provided  that  any  such  electronic
transmission  must either set forth or be submitted with  information from which
it can be determined  that the  electronic  transmission  was  authorized by the
stockholder or proxy holder. Each stockholder entitled to vote at any meeting of
stockholders  or to  express  consent  to or dissent  from  corporate  action in
writing or by electronic  transmission  without a meeting may authorize  another
person to act for him by proxy.  No proxy  shall be valid after three years from
its date of execution, unless the proxy provides for a longer period.

            Section 2.8 Inspectors of Election.

            (a)  In  advance  of any  meeting  of  stockholders,  the  board  of
      directors  may appoint  inspectors  of election to act at each  meeting of
      stockholders  and any adjournment  thereof.  If inspectors of election are
      not so appointed, the chairman of the meeting may, and upon the request of
      any stockholder or his proxy shall,  appoint inspectors of election at the
      meeting.  The  number  of  inspectors  shall be either  one or  three.  If
      appointed at the meeting upon the request of one or more  stockholders  or
      proxies,  the vote of the  holders of a majority of shares  present  shall
      determine  whether one or three  inspectors are appointed.  In any case if
      any person  appointed as an inspector  fails to appear or fails or refuses
      to act, the vacancy may be filled by appointment  made by the directors in
      advance of the  convening  of the  meeting or at the meeting by the person
      acting as chairman.

            (b) The inspectors of election shall determine the outstanding stock
      of the corporation, the stock represented at the meeting and the existence
      of a quorum,  shall receive votes,  ballots, or consents,  shall count and
      tabulate  all votes and shall  determine  the  result;  and in  connection
      therewith,  the  inspector  shall  determine the  authority,  validity and
      effect of proxies, hear and determine all challenges and questions, and do
      such other  ministerial  acts as may be proper to conduct the  election or
      vote with fairness to all  stockholders.  If there are three inspectors of
      election,  the decision,  act or certificate of a majority is effective in
      all respects as the decision,  act or certificate of all. If no inspectors
      of election are appointed, the secretary shall pass upon all questions and
      shall have all other duties specified in this Section.

            (c) Upon request of the  chairman of the meeting or any  stockholder
      or his proxy,  the inspector(s) of election shall make a report in writing
      of any  challenge or question or other matter  determined by him and shall
      execute a certificate of any fact found in connection therewith.  Any such
      report or certificate shall be filed with the record of the meeting.

                                      B-4
<PAGE>

      Section 2.9 Action Without a Meeting.  Any action  required to be taken at
any annual or special meeting of stockholders,  or any action which may be taken
at any annual or special meeting of stockholders may be taken without a meeting,
without  prior  notice  and  without  a vote,  if a  consent  in  writing  or by
electronic  transmission,  setting forth the action so taken, shall be signed by
the holders of  outstanding  shares  having not less than the minimum  number of
votes that would be  necessary  to authorize or take such action at a meeting at
which all shares  entitled to vote  thereon  were present and voted and shall be
delivered to the  corporation by delivery to its registered  office in the State
of Delaware,  its  principal  place of  business,  or an officer or agent of the
corporation  having  custody of the book in which  proceedings  of  meetings  of
stockholders are recorded.  Delivery made to the corporation's registered office
shall be by hand or by certified or registered mail,  return receipt  requested.
Every written  consent shall bear the date of signature of each  stockholder who
signs  the  consent  and no  written  consent  shall  be  effective  to take the
corporate  action  referred  to therein  unless,  within  sixty (60) days of the
earliest dated consent,  delivered to the  corporation in the manner required by
this Section 2.9, Article II, written consents signed by a sufficient  number of
stockholders  to take action are  delivered to the  corporation  in such manner.
Prompt  notice of the taking of the corporate  action  without a meeting by less
than unanimous written consent shall be given to those stockholders who have not
consented in writing.

            (a) The action to elect  directors by consent can satisfy the annual
      meeting  requirement if either (i) the stockholder consent is unanimous or
      (ii) all  directorships  corresponding  to those to which  directors could
      have been  elected  if an annual  meeting  had been held are filled by the
      action  by  consent  and  only  if  all  such  directorships  are  vacant.
      Replacement  of  incumbent  directors by less than  unanimous  stockholder
      consent  will  require   their  removal  or   resignation   prior  to  the
      effectiveness  of the consent action that  substitutes for the election at
      the annual meeting.

            (b) Telegram,  cablegram or other electronic transmission consenting
      to an action to be taken and transmitted by a stockholder or proxy holder,
      or by a person or persons  authorized  to act for a  stockholder  or proxy
      holder,  shall be deemed to be written,  signed and dated for the purposes
      of this section,  provided the  transmission is delivered with information
      form which the  corporation  can determine (i) it was  transmitted  by the
      stockholder  or  proxy  holder  or by a person  authorized  to act for the
      holder  and (ii) the date on which  such  stockholder  or proxy  holder or
      person  authorized  to  act  transmitted  such  telegram,   cablegram,  or
      electronic transmission.  The date on which the electronic transmission is
      transmitted  shall be  deemed  to be the date on which  such  consent  was
      signed.

      Section  2.10  Revocation  of Consent.  Any  stockholder  giving a written
consent,  or the stockholder's proxy holders, or a transferee of the shares or a
personal  representative of the stockholder or its respective proxy holder,  may
revoke  the  consent  by writing or  electronic  transmission  or  transmissions
received  by the  corporation  prior to the time that  written  consents  of the
number of shares  required to authorize the proposed action have been filed with
the secretary of the corporation,  but may not do so thereafter. Such revocation
is effective upon its receipt by the secretary of the corporation.

                                      B-5
<PAGE>

      Section 2.11 Electronic  Notice.  Any notice to stockholders  given by the
corporation  under the certificate of incorporation,  as amended,  or the bylaws
shall be effective if given by a form of electronic transmission consented to by
the stockholder to whom the notice is given. Any such consent shall be revocable
by the stockholder by written notice to the corporation.  Any such consent shall
be deemed  revoked if (1) the  corporation  is unable to  deliver by  electronic
transmission two consecutive notices given by the corporation in accordance with
such  consent  and (2)  such  inability  becomes  known to the  secretary  or an
assistant secretary of the corporation or to the transfer agent, or other person
responsible for the giving of notice; provided, however, the inadvertent failure
to treat such  inability as a  revocation  shall not  invalidate  any meeting or
other action.

                                  ARTICLE III
                                    DIRECTORS

            Section 3.1 Number, Tenure and Qualifications.

            (a) The number of  directors  of the  corporation  shall be not less
      than one (1)  members  and not more than  seven (7)  members,  subject  to
      increase as provided in Section 3.9 below.  Each  director  elected  shall
      hold office  until the next annual  meeting of  stockholders  or until his
      successor  shall have been duly elected and qualified or until his earlier
      resignation  or  removal.  Unless the  certificate  of  incorporation,  as
      amended,  fixes the number of  directors,  the number of directors  may be
      increased  or decreased  within the range  provided for above from time to
      time by resolution of the directors; but no decrease shall have the effect
      of shortening  the term of any incumbent  director.  Directors need not be
      residents of the State of Delaware, or stockholders of the corporation.

            (b) Any director or the entire  board of  directors  may be removed,
      with or without  cause,  by the  holders of a majority  of the shares then
      entitled to vote at an election of directors,  unless  otherwise  provided
      under Delaware Law or the certificate of incorporation, as amended.

      Section 3.2  Resignations.  Any  director may resign at any time by notice
given in writing or by electronic  transmission  to the chairman of the board or
to the president.

      Section 3.3 Meetings.  Meetings of the board of directors may be called by
or at the request of the chairman of the board,  the  president or a majority of
the directors. The person or persons authorized to call meetings of the board of
directors may fix any place as the place for holding any meeting of the board of
directors called by them.  Meetings of the board of directors may be held within
or outside the State of Delaware.

      Section 3.4 Business Of Meetings.  Except as otherwise  expressly provided
in these  by-laws,  any and all business may be transacted at any meeting of the
board of directors.

      Section 3.5 Notice of  Meetings.  Notice of any meeting  shall be given at
least one (1) day previous  thereto by prior written  notice to each director at
his principal place of business.

                                      B-6
<PAGE>

      Section 3.6 Attendance by Telephone. Directors may participate in meetings
of  the  board  of  directors  by  means  of   conference   telephone  or  other
communications  equipment by means of which all directors  participating  in the
meeting can hear one another,  and such participation  shall constitute presence
in person at the meeting.

      Section  3.7 Quorum and Manner of Acting;  Adjournment.  A majority of the
directors  shall  constitute  a quorum for the  transaction  of  business at any
meeting of the board of  directors  and the act of a majority  of the  directors
present  at any  meeting  at which a quorum is  present  shall be the act of the
board.

      Section 3.8 Action Without a Meeting. Any action which could be taken at a
meeting of the board of directors  may be taken  without a meeting if all of the
director's  consent to the action in writing or by electronic  transmission  and
the writing or writings are filed with the minutes of proceedings of the board.

      Section 3.9 Filling of  Vacancies.  A vacancy or vacancies in the board of
directors shall exist when any previously authorized position of director is not
then filled by a duly elected director,  whether caused by death, resignation or
removal.

      Vacancies and newly created  directorships  resulting  from an increase in
the authorized  number of directors may be filled by a majority of the directors
then in office, although less than a quorum, or by a sole remaining director.

      If at any time,  by reason of death or  resignation  or other  cause,  the
corporation  should  have no  directors  in  office,  then  any  officer  or any
stockholder or an executor, administrator, trustee or guardian of a stockholder,
or other fiduciary  entrusted with like  responsibility for the person or estate
of a stockholder,  may call a special meeting of stockholders in accordance with
the certificate of incorporation,  as amended,  or the by-laws,  or may apply to
the Court of Chancery for a decree summarily ordering an election as provided in
Section 211 of Delaware Law.

      Section 3.10 Compensation of Directors.  The board of directors shall have
the authority to fix the compensation of directors, unless otherwise provided in
the certificate of incorporation, as amended.

      Section 3.11 Presiding  Officer.  The presiding  officer at any meeting of
the board of directors  shall be the  chairman of the board,  or in his absence,
any other  director  elected  chairman  by vote of a majority  of the  directors
present at the meeting.

      Section 3.12 Committee. The board of directors, by resolution adopted by a
majority  of the number of  directors  fixed by the  by-laws or  otherwise,  may
designate one (1) or more  committees,  each  committee to consist of one (1) or
more directors of the corporation,  which committees,  to the extent provided in
such  resolution,  shall have and exercise all of the  authority of the board of
directors in the management of the corporation,  except as otherwise required by
law. The board of directors may designate one (1) or more directors as alternate
members of any committee,  who may replace any absent or disqualified  member at
any meeting of the committee.

                                      B-7
<PAGE>

      Section 3.13  Election.  All  elections  of directors  shall be by written
ballot,  unless  otherwise  provided in the  certificate  of  incorporation,  as
amended; if authorized by the board of directors,  such requirement of a written
ballot  shall be satisfied by a ballot  submitted  by  electronic  transmission,
provided  that any such  electronic  transmission  must  either  set forth or be
submitted with  information  from which it can be determined that the electronic
transmission was authorized by the stockholder or proxy holder.

                                   ARTICLE IV
                                    OFFICERS

      Section 4.1 Number.  The  officers of the  corporation  may consist of the
chairman of the board,  the president,  one or more vice  presidents (the number
thereof  to be  determined  by the  board  of  directors),  the  secretary,  the
treasurer and such assistant  secretaries and assistant  treasurers or any other
officers  hereunto  authorized or elected by the board of directors.  Any two or
more offices may be held by the same person.

      Section 4.2 Election and Term of Office.  The officers of the  corporation
shall be elected by the board of directors at their first meeting and thereafter
at any  subsequent  meeting  and  shall  hold  their  offices  for such  term as
determined by the board of  directors.  Each officer shall hold office until his
successor is duly elected and qualified,  or until his death or  disability,  or
until he  resigns  or is  removed  from his  duties  in the  manner  hereinafter
provided.

      Section 4.3 Removal and  Resignation.  Any officer may be removed,  either
with or without cause,  by a majority of the directors,  then in office,  at any
meeting of the board of directors.  Any officer may resign at any time by giving
written notice to the corporation. Any such resignation shall take effect at the
date of the receipt of such notice or at any later time specified therein.

      Section  4.4  Vacancies.  A  vacancy  in  any  office  because  of  death,
resignation  or  removal  or any other  cause may be  filled  for the  unexpired
portion of the term by the board of directors.

      Section  4.5  Chairman  of The  Board.  The  chairman  of the board of the
corporation  shall  be the  chief  executive  officer  of the  corporation.  The
chairman of the board shall  preside at all meetings of the board of  directors,
and at all  stockholders'  meetings,  whether annual or special,  at which he is
present and shall  exercise  such other  powers and perform such other duties as
the  board  of  directors  may  from  time  to time  assign  to him or as may be
prescribed by these by-laws.  In the event that the chairman of the board is not
present at a directors' meeting or stockholders'  meeting,  the president of the
corporation  shall serve in his place and stead.  Except in those  instances  in
which the  authority  to execute is expressly  delegated  to another  officer or
agent  of the  corporation,  or a  different  mode  of  execution  is  expressly
prescribed  by the board of directors or these  by-laws,  he may execute for the
corporation,  certificates for its shares, and any contracts,  deeds, mortgages,
bonds or other  instruments  which the board of directors have  authorized to be
executed,  and he may accomplish such execution either under or without the seal
of the corporation,  or either  individually  with the secretary,  any assistant
secretary or any other  officer  hereunto  authorized by the board of directors,
according to the requirements of the form of the instrument.

                                      B-8
<PAGE>

      Section 4.6 President.  The president shall be the chief operating officer
of the  corporation.  Subject  to the  direction  and  control  of the  board of
directors,  the president shall be in charge of the business of the corporation;
he shall see that the  resolutions  and directions of the board of directors are
carried into effect,  except in those instances in which that  responsibility is
specifically  assigned to some other  person by the board of  directors;  and in
general,  he shall  discharge all duties incident to the office of president and
such other duties as may be  prescribed  by the board of directors  from time to
time. He shall  preside at all annual  meetings of the  stockholders.  Except in
those  instances in which the  authority  to execute is  expressly  delegated to
another officer or agent of the corporation, or a different mode of execution is
expressly  prescribed by the board of directors or these by-laws, he may execute
for the  corporation,  certificates  for its shares,  and any contracts,  deeds,
mortgages,  bonds  or other  instruments  which  the  board  of  directors  have
authorized to be executed,  and he may accomplish such execution either under or
without  the  seal of the  corporation,  or  either  individually  or  with  the
secretary,  any assistant  secretary or any other officer hereunto authorized by
the  board  of  directors,  according  to the  requirements  of the  form of the
instrument.  He may vote all  securities  which the  corporation  is entitled to
vote,  except as and to the extent such authority shall be vested in a different
officer or agent of the corporation by the board of directors.

      Section 4.7 Vice  President.  The vice president (or in the event there be
more  than one vice  president,  each of the vice  presidents),  if one shall be
elected,  shall  assist the  president in the  discharge  of his duties,  as the
president  may direct and shall  perform  such other duties as from time to time
may be assigned to him by the  president  or by the board of  directors.  In the
absence of the president or in the event of his inability or refusal to act, the
vice president (or in the event there be more than one vice president,  the vice
presidents  in  the  order  designated  by the  board  of  directors,  or by the
president if the board of directors have not made such a designation,  or in the
absence of any  designation,  then in the order of  seniority  of tenure as vice
president) shall perform the duties of the president,  and when so acting, shall
have the powers of and be subject to all the  restrictions  upon the  president.
Except in those  instances  in which  the  authority  to  execute  is  expressly
delegated to another officer or agent of the corporation, or a different mode of
execution is expressly  prescribed  by the board of directors or these  by-laws,
the vice  president (or each of them if there are more than one) may execute for
the  corporation,   certificates  for  its  shares  and  any  contracts,  deeds,
mortgages,  bonds  or other  instruments  which  the  board  of  directors  have
authorized to be executed,  and he may accomplish such execution either under or
without  the  seal of the  corporation,  and  either  individually  or with  the
secretary,  any assistant  secretary or any other officer hereunto authorized by
the  board  of  directors,  according  to the  requirements  of the  form of the
instrument.

      Section 4.8  Treasurer.  The  treasurer,  if any,  shall be the  principal
accounting and financial  officer of the  corporation.  The treasurer shall: (i)
have charge of and be responsible  for the maintenance of the adequate books and
records  for the  corporation;  (ii) have  charge  and  custody of all funds and
securities of the corporation,  and be responsible therefore and for the receipt
and  disbursement  thereof;  and (iii)  perform  all the duties  incident to the
office of  treasurer  and such other duties as from time to time may be assigned
to him by the president or by the board of  directors.  If required by the board
of directors,  the treasurer shall give a bond for the faithful discharge of his
duties in such sum and with such surety or  sureties  as the board of  directors
may determine.

                                      B-9
<PAGE>

      Section 4.9 Secretary.  The secretary shall: (i) record the minutes of the
stockholders  and of the  board  of  directors'  meetings  in one or more  books
provided  for  that  purpose;  (ii)  see that  all  notices  are  duly  given in
accordance  with the provisions of these by-laws or as required by law; (iii) be
custodian of the corporate books and records and of the seal of the corporation;
(iv) keep a register of the post-office  address of each stockholder which shall
be furnished to the secretary by such stockholder; (v) sign with the chairman of
the board or the  president or a vice  president or any other  officer  hereunto
authorized  by the  board  of  directors,  certificates  for the  shares  of the
corporation,  the  issue of which  shall  have been  authorized  by the board of
directors, and any contracts, deeds, mortgages, bonds or other instruments which
the  board  of  directors  have  authorized  to be  executed,  according  to the
requirements  of the form of the  instrument,  except when a  different  mode of
execution is expressly  prescribed  by the board of directors or these  by-laws;
(vi) have general charge of the stock transfer books of the  corporation;  (vii)
perform all duties  incident to the office of secretary and such other duties as
from time to time may be  assigned  to him by the  president  or by the board of
directors.

      Section 4.10 Assistant Treasurers and Assistant Secretaries. The assistant
treasurers  and  assistant  secretaries  shall  perform  such duties as shall be
assigned to them by the board of directors.  When the secretary is  unavailable,
any assistant secretary may sign with the president, or a vice president, or any
other officer  hereunto  authorized by the board of  directors,  any  contracts,
deeds,  mortgages,  bonds or other instruments  according to the requirements of
the  form of the  instrument,  except  when a  different  mode of  execution  is
expressly  prescribed by the board of directors or these by-laws.  The assistant
treasurers  shall,  respectively,  if required by the board of  directors,  give
bonds  for the  faithful  discharge  of their  duties in such sums and with such
sureties as the board of directors shall determine.

      Section 4.11  Salaries.  The salaries of the officers  shall be fixed from
time to time by the board of directors  and no officer  shall be prevented  from
receiving  such  salary by reason of the fact that he is also a director  of the
corporation.

                                    ARTICLE V
                      CONTRACTS, LOANS, CHECKS AND DEPOSITS

      Section 5.1 Contracts. The board of directors may authorize any officer or
officers, agent or agents, to enter into any contract or execute and deliver any
instrument in the name of and on behalf of the  corporation  and such  authority
may be general or confined to specific instances.

      Section  5.2  Loans.  No  loans  shall  be  contracted  on  behalf  of the
corporation and no evidences of indebtedness shall be issued in its name, unless
authorized  by a resolution  of the board of  directors.  Such  authority may be
general or confined to specific instances.

      Section 5.3 Checks,  Drafts,  Etc. All checks,  drafts or other orders for
the payment of money,  notes or other  evidences of  indebtedness  issued by the
name of the corporation,  shall be signed by such officer or officers,  agent or
agents  of the  corporation  and in such  manner  as shall  from time to time be
determined by resolution of the board of directors.

                                      B-10
<PAGE>

      Section 5.4 Deposits.  All funds of the corporation not otherwise employed
shall be deposited  from time to time to the credit of the  corporation  in such
banks,  trust  companies or other  depositories  as the board of  directors  may
select.

                                   ARTICLE VI
                    CERTIFICATES OF STOCK AND THEIR TRANSFER

      Section 6.1 Stock Record and Certificates.  Records shall be kept by or on
behalf of the  corporation,  which  shall  contain  the names and  addresses  of
stockholders,  the number of shares held by them respectively, and the number of
certificates,  if any,  representing  the  shares,  and in which  there shall be
recorded  all  transfers  of shares.  Every  stockholder  shall be entitled to a
certificate  signed by the chairman of the board of directors,  or the president
or a vice  president,  and by the  treasurer or an assistant  treasurer,  or the
secretary or an assistant secretary of the corporation, certifying the class and
number  of shares  owned by him in the  corporation,  provided  that any and all
signatures on a certificate  may be a facsimile.  In case any officer,  transfer
agent or registrar who has signed or whose  facsimile  signature has been placed
upon a  certificate  shall have  ceased to be such  officer,  transfer  agent or
registrar before such certificate is issued, it may be issued by the corporation
with  the  same  effect  as if he or it were  such  officer,  transfer  agent or
registrar at the date of issue.

      Section 6.2 Transfer Agents and Registrars. The board of directors may, in
its discretion,  appoint one or more responsible banks or trust companies as the
board may deem  advisable,  from time to time,  to act as  transfer  agents  and
registrars of shares of the corporation;  and, when such appointments shall have
been made, no  certificate  for shares of the  corporation  shall be valid until
countersigned  by one of such  transfer  agents  and  registered  by one of such
registrars.

      Section 6.3 Stockholders' Addresses. Every stockholder or transferee shall
furnish the  secretary  or a transfer  agent with the address to which notice of
meetings and all other notices may be served upon or mailed to such  stockholder
or transferee,  and in default thereof, such stockholder or transferee shall not
be entitled to service or mailing of any such notice.

      Section 6.4 Lost  Certificates.  In case any certificate for shares of the
corporation  is lost,  stolen  or  destroyed,  the  board of  directors,  in its
discretion,  or any transfer agent duly  authorized by the board,  may authorize
the  issue of a  substitute  certificate  in place of the  certificate  so lost,
stolen or destroyed.  The corporation may require the owner of the lost,  stolen
or destroyed  certificate or his legal  representative to give the corporation a
bond sufficient to indemnify the corporation  against any claim that may be made
against it on account of the  alleged  loss,  theft or  destruction  of any such
certificate or the issuance of such new certificate or uncertified shares.

      Section 6.5  Distributions  to  Stockholders.  To the extent  permitted by
Delaware Law and subject to any  restrictions  contained in the  certificate  of
incorporation,  as amended, the directors may declare and pay dividends upon the
shares of its  capital  stock in the  manner  and upon the terms and  conditions
provided by Delaware Law and the certificate of incorporation, as amended.

                                      B-11
<PAGE>

      Section 6.6 Record Dates.  In order that the corporation may determine the
stockholders entitled to notice of or to vote at any meeting of stockholders, or
any adjournment thereof, or entitled to receive payment of any dividend or other
distribution  or allotment of any rights,  or entitled to exercise any rights in
respect of any  change,  conversion  or exchange of shares or for the purpose of
any other lawful  action,  the board of directors may fix, in advance,  a record
date which  shall be not more than sixty (60) nor less than ten (10) days before
the date of any meeting of stockholders, and not more than sixty (60) days prior
to any other action.

      A determination of stockholders of record entitled to notice of or to vote
at a meeting of  stockholders  shall apply to any  adjournment  of the  meeting;
provided, however, that the board of directors may fix a new record date for the
adjourned meeting.

      In order that the corporation may determine the  stockholders  entitled to
consent to corporate action in writing or by electronic  transmission  without a
meeting,  the board of directors may fix a record date,  which record date shall
not precede the date upon which the resolution fixing the record date is adopted
by the board of  directors,  and which date shall not be more than ten (10) days
after the date upon which the  resolution  fixing the record  date is adopted by
the  board of  directors.  In such  case,  those  stockholders,  and only  those
stockholders,  who are  stockholders of record on the date fixed by the board of
directors shall,  notwithstanding any subsequent transfer of shares on the books
of the  corporation,  be  entitled  to notice of and to vote at such  meeting of
stockholders,  or  any  adjournment  thereof,  or to  express  consent  to  such
corporate action in writing without a meeting, or entitled to receive payment of
such  dividend or other  distribution  or  allotment  of rights,  or entitled to
exercise rights in respect of any such change,  conversion or exchange of shares
or to participate in any such other lawful action.

      Section  6.7  Transfers  of  Shares.  Shares  of  the  corporation  may be
transferred by delivery of the certificates therefore,  accompanied either by an
assignment  in writing on the back of the  certificates,  or by written power of
attorney to sell,  assign and  transfer  the same,  signed by the record  holder
thereof;  but no transfer  shall affect the right of the  corporation to pay any
distribution  upon the shares to the holder of record  thereof,  or to treat the
holder of record as the holder in fact thereof for all purposes, and no transfer
shall be valid,  except between the parties  thereto,  until such transfer shall
have been made upon the books of the corporation.

      Section 6.8  Repurchase  of Shares on Open  Market.  The  corporation  may
purchase  its shares on the open market and invest its assets in its own shares,
provided that in each case the consent of the board of directors shall have been
obtained.

                                  ARTICLE VII
                          INDEMNIFICATION AND INSURANCE

      Section  7.1  Definitions.  For  the  purposes  of  this  Article  VII the
following definitions shall apply:

      "Agent"  means any person who: (i) is or was an employee or other agent of
the  corporation as determined  from time to time by the board of directors;  or
(ii) is or was serving at the request of the corporation as an employee or agent
of another foreign or domestic corporation, partnership, joint venture, trust or
other enterprise ("enterprise");  or (iii) was an employee or agent of a foreign
or domestic  corporation which was a predecessor  corporation of the corporation
or of another enterprise at the request of such predecessor corporation.

                                      B-12
<PAGE>

      "Director"  means  any such  person as  defined  by  Article  III of these
by-laws.

      "Officer" means any such person as defined by Article IV of these by-laws.

      "Predecessor  corporation"  shall  include  any  constituent  corporations
(including  any  constituent of a constituent)  absorbed in a  consolidation  or
merger which, if its separate existence had continued,  would have had power and
authority to indemnify its  directors,  officers and agents,  so that any person
who is or was an officer, director or agent of such constituent corporation,  or
is or was serving at the request of such constituent  corporation as an officer,
director or agent of another enterprise,  shall stand in the same position under
and  subject  to  the  provisions  of  this  Article  VII  (including,   without
limitation, the provisions of Section 5 of this Article VII) with respect to the
resulting  or  surviving  corporation  as he would  have  with  respect  to such
constituent corporation if its separate existence had continued.

      "Proceeding"  means  any  threatened,   pending  or  completed  action  or
proceeding,  whether  civil,  criminal,  administrative,  or  investigative  and
whether internal or external to the corporation.

      "Expenses" includes, without limitation,  attorneys' fees and any expenses
of establishing a right to indemnification under this Article VII.

      "Losses" mean the total amount which the agent becomes  legally  obligated
to pay in connection with any proceeding,  including  judgments,  fines, amounts
paid in settlement and expenses.

      Section 7.2 Third Party  Actions.  The  corporation  shall  indemnify  any
person  who was or is a  party  or is  threatened  to be  made a  party  to,  or
otherwise becomes involved in, any Proceeding (other than an action by or in the
right of the  corporation) by reason of the fact that he is or was an Officer or
Director of the  corporation and may at the discretion of the board of directors
indemnify  any person who was or is a party or is  threatened to be made a party
to, or otherwise becomes involved in, any Proceeding (other than an action by or
in the  right of the  corporation)  by  reason  of the fact that he is or was an
Agent  of the  corporation  against  Losses  paid  in  settlement  actually  and
reasonably  incurred by him in  connection  with such  Proceeding if he acted in
good faith and in a manner he reasonably believed to be in or not opposed to the
best interests of the corporation, and, with respect to any criminal Proceeding,
had no reasonable cause to believe his conduct was unlawful.  The termination of
any Proceeding by judgment,  order,  settlement,  conviction,  or upon a plea of
nolo  contendere or its equivalent,  shall not, of itself,  create a presumption
that  the  person  did not act in good  faith  and in  such a  manner  which  he
reasonably  believed  to be in or not  opposed  to  the  best  interests  of the
corporation,  and, with respect to any criminal Proceeding, had reasonable cause
to believe that his conduct was unlawful.

      Section 7.3 Actions By or In The Right of The Corporation. The corporation
shall  indemnify  any person who was or is a party or is threatened to be made a
party to, or otherwise becomes involved in, any Proceeding by or in the right of
the corporation to procure a judgment in its favor by reason of the fact that he
is or was an Officer or Director of the corporation and may at the discretion of
the  board  of  directors  indemnify  any  person  who was or is a  party  or is
threatened  to be made a  party  to,  or  otherwise  becomes  involved  in,  any
Proceeding  by or in the right of the  corporation  to procure a judgment in its
favor by reason of the fact that he is or was an Agent against Expenses actually
and reasonably  incurred by him in connection  with the defense or settlement of
such Proceeding if he acted in good faith and in a manner he reasonably believed
to be in or not opposed to the best interests of the corporation and except that
no indemnification  shall be made in respect of any claim, issue or matter as to
which such  person  shall  have been  adjudged  to be liable to the  corporation
unless and only to the extent that the  Delaware  Court of Chancery or the court
in which such  Proceeding  was brought shall  determine upon  application  that,
despite the  adjudication of liability but in view of all the  circumstances  of
the case,  such person is fairly and  reasonably  entitled to indemnity for such
Expenses  which the  Delaware  Court of  Chancery or such other court shall deem
proper.

                                      B-13
<PAGE>

      Section 7.4 Successful  Defense. To the extent that an Officer or Director
of the  corporation has been successful on the merits or otherwise in defense of
any  Proceeding  referred to in Sections  7.2 and 7.3 of this Article VII, or in
defense of any claim, issue or matter therein,  he shall be indemnified  against
Expenses actually and reasonably incurred by him in connection therewith. To the
extent that an Agent of the  corporation  has been  successful  on the merits or
otherwise  in defense of any  Proceeding  referred to in Sections 7.2 and 7.3 of
this Article VII, or in defense of any claim,  issue or matter therein,  he may,
at the  discretion of the board of directors,  be indemnified  against  Expenses
actually and reasonably incurred by him in connection therewith.

      Section 7.5 Determination of Conduct.  Any indemnification  under Sections
7.2 and 7.3 of this  Article VII,  (unless  ordered by a court) shall be made by
the  corporation  only as authorized  in the specific case upon a  determination
that  indemnification  of the  Officer,  Director  or  Agent  is  proper  in the
circumstances because he has met the applicable standard of conduct set forth in
Sections 7.2 and 7.3 of this Article VII.  Such  determination  shall be made by
the Board of Directors by a majority vote of directors.

      Section  7.6  Payment of  Expenses  in  Advance.  Expenses  incurred by an
Officer  or  Director  in  connection  with a  Proceeding  shall  be paid by the
corporation in advance of the final  disposition of such Proceeding upon receipt
of an  undertaking  by or on behalf of such  Officer or  Director  to repay such
amount  if it shall  ultimately  be  determined  that he is not  entitled  to be
indemnified  by the  corporation  as  authorized  in this Article VII.  Expenses
incurred  by an  Agent  in  connection  with a  Proceeding  may be  paid  by the
corporation in advance of the final  disposition of such Proceeding upon receipt
of an undertaking by or on behalf of such Agent to repay such amount if it shall
ultimately  be  determined  that he is not  entitled  to be  indemnified  by the
corporation as authorized in this Article VII.

      Section 7.7 Indemnity Not Exclusive.  The  indemnification and advancement
of Expenses  provided by, or granted  pursuant to, the other  provisions of this
Article VII shall not be deemed  exclusive of any other rights to which a person
seeking  indemnification  or  advancement  of Expenses may be entitled under any
by-law,   agreement,   vote  of  stockholders  or  disinterested  directors,  or
otherwise,  both as to  action  in his  official  capacity  and as to  action in
another capacity while holding such office.

                                      B-14
<PAGE>

      Section 7.8  Insurance  Indemnification.  The  corporation  shall have the
power to purchase and  maintain  insurance on behalf of any person who is or was
an Officer,  Director or Agent of the corporation against any liability asserted
against  him and  incurred  by him in any such  capacity,  or arising out of his
status as such, whether or not the corporation would have the power to indemnify
him against such liability under the provisions of this Article VII.

      Section 7.9 Heirs,  Executors and Administrators.  The indemnification and
advancement  of Expenses  provided by, or granted  pursuant to, this Article VII
shall,  unless otherwise provided when authorized or ratified,  continue as to a
person  who has  ceased to be an  Officer  or  Director  and shall  inure to the
benefit  of the  heirs,  executors  and  administrators  of such a  person.  The
indemnification and advancement of Expenses provided by, or granted pursuant to,
this Article VII may, at the  discretion of the board of directors,  continue as
to a person who has ceased to be an Agent and shall  inure to the benefit of the
heirs, executors and administrators of such a person.

      Section  7.10 Further  Amendment.  Notwithstanding  any  provision in this
Article VII to the  contrary,  in the event the General  Corporation  Law of the
State of Delaware is either  amended to provide,  or  interpreted by judicial or
other binding legal  decision to provide,  broader  indemnification  rights than
those contained herein, such broader indemnification rights shall be provided to
any  and  all  persons  entitled  to be  indemnified  pursuant  to  the  General
Corporation Law of the State of Delaware,  the intent of this provision being to
permit the corporation to indemnify, to the full extent permitted by the General
Corporation  Law of  the  State  of  Delaware,  persons  whom  it may  indemnify
thereunder.

                                  ARTICLE VIII
                                   AMENDMENTS

      Unless otherwise provided in the certificate of incorporation, as amended,
the power to make,  alter,  amend or repeal the by-laws of the corporation shall
be vested in the  stockholders  entitled  to vote.  The  by-laws may contain any
provisions for the  regulation and management of the affairs of the  corporation
not  inconsistent  with Delaware Law or the  certificate  of  incorporation,  as
amended.

                                      B-15
<PAGE>
                                    Exhibit C
                 Directors and Officers of Surviving Corporation

Directors
---------
Patrick C. Shutt
George A. King
Jonathan Wynne-Evans

Officers
--------
Patrick C. Shutt, Chief Executive Officer
George A. King, President
Jonathan Wynne-Evans, Managing Director
Milan Saric, Chief Financial Officer and Secretary

                                      C-1
<PAGE>
                                    Exhibit D
                        Post-Closing Directors of Parent

Patrick C. Shutt
George A. King
Jonathan Wynne-Evans

                                      D-1

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