Document:

THIS WARRANT AND THE COMMON  SHARES  ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
NOT BEEN REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED.  THIS WARRANT
AND THE COMMON  SHARES  ISSUABLE  UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
OFFERED  FOR SALE,  PLEDGED  OR  HYPOTHECATED  IN THE  ABSENCE  OF AN  EFFECTIVE
REGISTRATION  STATEMENT  UNDER  SAID ACT OR AN  OPINION  OF  COUNSEL  REASONABLY
SATISFACTORY TO KEY GOLD CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.

                              Right to Purchase  370,370  shares of Common Stock
                              of Key Gold Corporation  (subject to adjustment as
                              provided herein)

                          COMMON STOCK PURCHASE WARRANT

No. 2004-AUG-001                                     Issue Date: August 26, 2004

         KEY GOLD  CORPORATION,  a corporation  organized  under the laws of the
State of Nevada (the  "Company"),  hereby  certifies  that, for value  received,
Canterbury Venture Holdings Limited, or its assigns (the "Holder"), is entitled,
subject to the terms set forth below,  to purchase  from the Company at any time
after  the  Issue  Date up to  5:00  p.m.,  P.D.T.,  on  August  25,  2006  (the
"Expiration  Date"), up to 370,370 fully paid and  non-assessable  shares of the
common stock of the Company, $.0001 par value per share (the "Common Stock"), at
a per share  purchase  price of $1.50.  The  afore-described  purchase price per
share, as adjusted from time to time as herein  provided,  is referred to herein
as the "Purchase Price." The number and character of such shares of Common Stock
and the Purchase Price are subject to adjustment as provided herein. The Company
may reduce the Purchase Price without the consent of the Holder.

         As used  herein  the  following  terms,  unless the  context  otherwise
requires, have the following respective meanings:

         (a) The term  "Company"  shall  include  Key Gold  Corporation  and any
corporation   which  shall  succeed  or  assume  the  obligations  of  Key  Gold
Corporation hereunder.

         (b) The term "Common  Stock"  includes (a) the Company's  Common Stock,
$.0001 par value per share,  as  authorized on the date hereof and (b) any other
securities  into which or for which any of the  securities  described in subpart
(a) may be  converted  or  exchanged  pursuant  to a plan  of  recapitalization,
reorganization, merger, sale of assets, or otherwise.

          (c) The term "Other Securities" refers to any stock (other than Common
Stock) and other  securities  of the Company or any other person  (corporate  or
otherwise)  that the  holder of the  Warrant at any time  shall be  entitled  to
receive,  or shall have received,  on the exercise of the Warrant, in lieu of or
in  addition  to Common  Stock,  or which at any time shall be issuable or shall
have been  issued in exchange  for or in  replacement  of Common  Stock or Other
Securities pursuant to Section 3 or otherwise.

         1.       Exercise of Warrant.

                  1.1. Number of Shares  Issuable upon Exercise.  From and after
the Issue Date through and  including  the  Expiration  Date,  the Holder hereof
shall  be  entitled  to  receive,  upon  exercise  of this  Warrant  in whole in
accordance  with the terms of subsection 1.2 or upon exercise of this Warrant in
part in accordance  with  subsection 1.3, shares of Common Stock of the Company,
subject to adjustment pursuant to Section 3.

                                      -1-
<PAGE>

                  1.2. Full  Exercise.  This Warrant may be exercised in full by
the Holder  hereof by delivery of an original or  facsimile  copy of the form of
subscription  attached  as  Exhibit  A hereto  (the  "Subscription  Form")  duly
executed by such Holder and surrender of the original  Warrant  within seven (7)
days of exercise, to the Company at its principal office or at the office of its
Warrant Agent (as provided  hereinafter),  accompanied by payment, in cash, wire
transfer,  or by  certified or official  bank check  payable to the order of the
Company,  in the amount  obtained by multiplying  the number of shares of Common
Stock for which this Warrant is then  exercisable  by the Purchase Price then in
effect.

                  1.3. Partial  Exercise.  This Warrant may be exercised in part
(but not for a fractional  share) by surrender of this Warrant in the manner and
at the place  provided in subsection  1.2 except that the amount  payable by the
Holder on such partial  exercise shall be the amount obtained by multiplying (a)
the  number of whole  shares of Common  Stock  designated  by the  Holder in the
Subscription  Form by (b) the Purchase Price then in effect. On any such partial
exercise,  the Company,  at its expense,  will forthwith issue and deliver to or
upon the order of the Holder hereof a new Warrant of like tenor,  in the name of
the  Holder  hereof  or as such  Holder  (upon  payment  by such  Holder  of any
applicable  transfer  taxes) may  request,  the whole number of shares of Common
Stock for which such Warrant may still be exercised.

                  1.4. Fair Market Value. Fair Market Value of a share of Common
Stock as of a particular date (the "Determination Date") shall mean:

                           (a) If the  Company's  Common  Stock is  traded  on a
national  exchange or on the National  Association of Securities  Dealers,  Inc.
Automated  Quotation  ("NASDAQ")  National Market or the NASDAQ SmallCap Market,
then  the  closing  or last  sale  price,  respectively,  reported  for the last
business day immediately preceding the Determination Date;

                           (b) If the Company's  Common Stock is not traded on a
national  exchange  or on the  NASDAQ  National  Market or the  NASDAQ  SmallCap
Market, but is quoted in the  over-the-counter  market,  then the average of the
closing  bid and ask  prices  reported  for the last  business  day  immediately
preceding the Determination Date;

                           (c) Except as  provided  in clause (d) below,  if the
Company's Common Stock is not publicly traded or quoted,  then as the Holder and
the Company  agree,  or in the absence of such an agreement,  by  arbitration in
accordance with the rules then standing of the American Arbitration Association,
before a single  arbitrator  to be chosen from a panel of persons  qualified  by
education and training to pass on the matter to be decided; or

                           (d) If  the  Determination  Date  is  the  date  of a
liquidation,   dissolution,  or  winding  up,  or  any  event  deemed  to  be  a
liquidation,  dissolution, or winding up pursuant to the Company's charter, then
all amounts to be payable per share to holders of the Common  Stock  pursuant to
the charter in the event of such liquidation,  dissolution,  or winding up, plus
all other  amounts  to be payable  per share in  respect of the Common  Stock in
liquidation under the charter, assuming for the purposes of this clause (d) that
all of the shares of Common  Stock then  issuable  upon  exercise  of all of the
Warrants are outstanding at the Determination Date.

                  1.5. Company Acknowledgment.  The Company will, at the time of
the exercise of the Warrant,  upon the request of the Holder hereof  acknowledge
in writing  its  continuing  obligation  to afford to such  Holder any rights to

                                      -2-
<PAGE>

which  such  Holder  shall  continue  to be  entitled  after  such  exercise  in
accordance with the provisions of this Warrant. If the Holder shall fail to make
any such request, such failure shall not affect the continuing obligation of the
Company to afford to such Holder any such rights.

                  1.6. Trustee for Warrant Holders.  In the event that a bank or
trust  company  shall  have been  appointed  as  trustee  for the  Holder of the
Warrants  pursuant to Subsection  2.2, such bank or trust company shall have all
the powers and duties of a warrant agent (as  hereinafter  described)  and shall
accept,  in its own name for the account of the Company or such successor person
as may be entitled thereto, all amounts otherwise payable to the Company or such
successor,  as the case may be, on  exercise  of this  Warrant  pursuant to this
Section 1.

                  1.7  Delivery of Stock  Certificates,  etc. on  Exercise.  The
Company  agrees that the shares of Common Stock  purchased upon exercise of this
Warrant shall be deemed to be issued to the Holder hereof as the record owner of
such shares as of the close of business on the date on which this Warrant  shall
have been surrendered and payment made for such shares as aforesaid.  As soon as
practicable  after the exercise of this  Warrant in full or in part,  and in any
event within five (5) days thereafter, the Company at its expense (including the
payment by it of any applicable issue taxes) will cause to be issued in the name
of and delivered to the Holder  hereof,  or as such Holder (upon payment by such
Holder  of  any  applicable  transfer  taxes)  may  direct  in  compliance  with
applicable securities laws, a certificate or certificates for the number of duly
and validly  issued,  fully paid and  non-assessable  shares of Common Stock (or
Other Securities) to which such Holder shall be entitled on such exercise, plus,
in lieu of any  fractional  share  to  which  such  Holder  would  otherwise  be
entitled,  cash equal to such fraction  multiplied by the then Fair Market Value
of one full  share of  Common  Stock,  together  with any  other  stock or other
securities and property  (including cash, where applicable) to which such Holder
is entitled upon such exercise pursuant to Section 1 or otherwise.

         2.       Adjustment for Reorganization, Consolidation, Merger, etc.

                  2.1.  Reorganization,  Consolidation,  Merger, etc. In case at
any time or from time to time,  the Company  shall (a) effect a  reorganization,
(b)  consolidate  with or merge  into any other  person or (c)  transfer  all or
substantially all of its properties or assets to any other person under any plan
or arrangement  contemplating the dissolution of the Company, then, in each such
case,  as a condition  to the  consummation  of such a  transaction,  proper and
adequate  provision  shall be made by the  Company  whereby  the  Holder of this
Warrant,  on the exercise hereof as provided in Section 1, at any time after the
consummation of such reorganization,  consolidation,  or merger or the effective
date of such  dissolution,  as the case may be,  shall  receive,  in lieu of the
Common  Stock (or Other  Securities)  issuable  on such  exercise  prior to such
consummation or such effective date, the stock and other securities and property
(including  cash) to which  such  Holder  would  have  been  entitled  upon such
consummation or in connection with such dissolution, as the case may be, if such
Holder had so exercised this Warrant,  immediately prior thereto, all subject to
further adjustment thereafter as provided in Section 3.

                  2.2.  Dissolution.  In the  event  of any  dissolution  of the
Company  following the transfer of all or substantially all of its properties or
assets, the Company, prior to such dissolution,  shall at its expense deliver or
cause to be delivered  the stock and other  securities  and property  (including
cash,  where  applicable)  receivable  by the Holder of the  Warrants  after the
effective date of such dissolution pursuant to this Section 2 to a bank or trust
company (a "Trustee")  having its principal  office in New York, New York, or in
Los Angeles, California, as trustee for the Holder of the Warrants.

                                      -3-
<PAGE>

                  2.3.   Continuation   of  Terms.   Upon  any   reorganization,
consolidation,  merger or transfer (and any dissolution  following any transfer)
referred to in this  Section 2, this  Warrant  shall  continue in full force and
effect and the terms  hereof shall be  applicable  to the Other  Securities  and
property  receivable on the exercise of this Warrant after the  consummation  of
such   reorganization,   consolidation  or  merger  or  the  effective  date  of
dissolution  following  any such  transfer,  as the case  may be,  and  shall be
binding upon the issuer of any Other Securities,  including,  in the case of any
such transfer,  the person acquiring all or substantially  all of the properties
or assets of the  Company,  whether  or not such  person  shall  have  expressly
assumed  the terms of this  Warrant as  provided in Section 3. In the event this
Warrant does not continue in full force and effect after the consummation of the
transaction  described  in this  Section  2,  then only in such  event  will the
Company's securities and property (including cash, where applicable)  receivable
by the Holder of the  Warrants be delivered  to the Trustee as  contemplated  by
Section 2.2.

         3.  Extraordinary  Events Regarding Common Stock. In the event that the
Company shall (a) issue  additional  shares of the Common Stock as a dividend or
other  distribution on outstanding  Common Stock,  (b) subdivide its outstanding
shares of Common  Stock,  or (c)  combine its  outstanding  shares of the Common
Stock into a smaller  number of shares of the Common  Stock,  then, in each such
event,  the Purchase  Price  shall,  simultaneously  with the  happening of such
event,  be adjusted by multiplying  the then Purchase  Price by a fraction,  the
numerator  of which  shall be the number of shares of Common  Stock  outstanding
immediately prior to such event and the denominator of which shall be the number
of shares of Common  Stock  outstanding  immediately  after such event,  and the
product so obtained shall  thereafter be the Purchase Price then in effect.  The
Purchase Price, as so adjusted,  shall be readjusted in the same manner upon the
happening of any successive  event or events described herein in this Section 3.
The  number of shares of Common  Stock  that the  Holder of this  Warrant  shall
thereafter,  on the  exercise  hereof as  provided  in Section 1, be entitled to
receive shall be adjusted to a number  determined by  multiplying  the number of
shares of Common  Stock that would  otherwise  (but for the  provisions  of this
Section 3) be issuable on such exercise by a fraction of which (a) the numerator
is the  Purchase  Price that would  otherwise  (but for the  provisions  of this
Section 3) be in effect, and (b) the denominator is the Purchase Price in effect
on the date of such exercise.

         4.  Certificate  as to  Adjustments.  In each case of any adjustment or
readjustment in the shares of Common Stock (or Other Securities) issuable on the
exercise of the  Warrants,  the Company at its expense will  promptly  cause its
Chief Financial Officer or other appropriate designee to compute such adjustment
or  readjustment  in  accordance  with the terms of the  Warrant  and  prepare a
certificate  setting forth such adjustment or readjustment and showing in detail
the facts upon which such  adjustment  or  readjustment  is based,  including  a
statement of (a) the consideration received or receivable by the Company for any
additional shares of Common Stock (or Other Securities) issued or sold or deemed
to have been issued or sold,  (b) the number of shares of Common Stock (or Other
Securities) outstanding or deemed to be outstanding,  and (c) the Purchase Price
and the number of shares of Common  Stock to be received  upon  exercise of this
Warrant,  in effect  immediately prior to such adjustment or readjustment and as
adjusted or readjusted as provided in this Warrant.  The Company will  forthwith
mail a copy of each  such  certificate  to the  Holder  of the  Warrant  and any
Warrant Agent of the Company (appointed pursuant to Section 9 hereof).

         5.  Reservation  of Stock,  etc.  Issuable on Exercise of Warrant.  The
Company will at all times  reserve and keep  available,  solely for issuance and
delivery on the exercise of the  Warrants,  all shares of Common Stock (or Other
Securities) from time to time issuable on the exercise of the Warrant.

                                      -4-
<PAGE>

         6.  Assignment;   Exchange  of  Warrant.  Subject  to  compliance  with
applicable  securities laws, this Warrant,  and the rights evidenced hereby, may
be  transferred  by  any  registered  holder  hereof  (a  "Transferor").  On the
surrender for exchange of this Warrant, with the Transferor's endorsement in the
form of  Exhibit B  attached  hereto  (the  "Transferor  Endorsement  Form") and
together with an opinion of counsel reasonably  satisfactory to the Company that
the transfer of this Warrant will be in compliance  with  applicable  securities
laws,  the  Company  at its  expense,  twice,  only,  but  with  payment  by the
Transferor of any applicable transfer taxes, will issue and deliver to or on the
order of the Transferor  thereof a new Warrant or Warrants of like tenor, in the
name of the Transferor  and/or the  transferee(s)  specified in such  Transferor
Endorsement Form (each a "Transferee"),  calling in the aggregate on the face or
faces thereof for the number of shares of Common Stock called for on the face or
faces of the Warrant so surrendered by the  Transferor.  No such transfers shall
result in a public distribution of the Warrant.

         7.   Replacement  of  Warrant.   On  receipt  of  evidence   reasonably
satisfactory to the Company of the loss,  theft,  destruction,  or mutilation of
this Warrant and, in the case of any such loss,  theft,  or  destruction of this
Warrant,   on  delivery  of  an  indemnity   agreement  or  security  reasonably
satisfactory  in form and  amount  to the  Company  or,  in the case of any such
mutilation,  on surrender and  cancellation of this Warrant,  the Company at its
expense, twice only, will execute and deliver, in lieu thereof, a new Warrant of
like tenor.

         8.  Registration  Rights.  The Holder of this  Warrant has been granted
certain  registration  rights by the Company,  as set forth in the  Registration
Rights Agreement, the terms of which are incorporated herein by this reference.

         9. Warrant  Agent.  The Company may, by written notice to the Holder of
the  Warrant,  appoint an agent (a  "Warrant  Agent") for the purpose of issuing
Common Stock (or Other  Securities) on the exercise of this Warrant  pursuant to
Section 1,  exchanging  this Warrant  pursuant to Section 6, and replacing  this
Warrant pursuant to Section 7, or any of the foregoing,  and thereafter any such
issuance,  exchange,  or replacement,  as the case may be, shall be made at such
office by such Warrant Agent.

         10. Transfer on the Company's Books.  Until this Warrant is transferred
on the books of the Company,  the Company may treat the registered holder hereof
as the absolute owner hereof for all purposes, notwithstanding any notice to the
contrary.

         11. Notices. All notices, demands, requests,  consents,  approvals, and
other  communications  required or permitted  hereunder shall be in writing and,
unless  otherwise  specified  herein,  shall  be  (i)  personally  served,  (ii)
deposited  in the mail,  registered  or  certified,  return  receipt  requested,
postage  prepaid,  (iii) delivered by reputable air courier service with charges
prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed
as set forth below or to such other  address as such party shall have  specified
most recently by written notice. Any notice or other  communication  required or
permitted to be given hereunder shall be deemed effective (a) upon hand delivery
or  delivery  by  facsimile,   with  accurate  confirmation   generated  by  the
transmitting  facsimile  machine,  at the address or number designated below (if
delivered on a business day during normal business hours where such notice is to
be received),  or the first  business day following  such delivery (if delivered
other than on a business day during normal  business  hours where such notice is
to be received) or (b) on the second  business day following the date of mailing
by express courier service,  fully prepaid,  addressed to such address,  or upon
actual receipt of such mailing,  whichever shall first occur.  The addresses for

                                      -5-
<PAGE>

such  communications  shall be: (i) if to the Company to: Key Gold  Corporation,
1942 Broadway,  Suite 504, Boulder,  Colorado 80302,  attention:  John Anderson,
President and Chief Executive Officer, facsimile number: 303-323-1928;  and (ii)
if to the Holder, to Canterbury Venture Holdings Limited, _____________________,
facsimile number: ___________.

         12.  Miscellaneous.  This  Warrant  and any term hereof may be changed,
waived, discharged, or terminated only by an instrument in writing signed by the
party  against  which  enforcement  of  such  change,  waiver,   discharge,   or
termination  is  sought.  This  Warrant  shall  be  construed  and  enforced  in
accordance with and governed by the laws of Nevada. Any dispute relating to this
Warrant  shall be  adjudicated  in Clark  County  in the  State of  Nevada.  The
headings in this Warrant are for purposes of reference only, and shall not limit
or otherwise affect any of the terms hereof. The invalidity or  unenforceability
of any provision hereof shall in no way affect the validity or enforceability of
any other provision.

         IN WITNESS  WHEREOF,  the Company has  executed  this Warrant as of the
date first written above.

                        KEY GOLD CORPORATION

                        By:
                            ----------------------------------------------------
                            John Anderson, President and Chief Executive Officer

Witness:

---------------------

                                      -6-
<PAGE>

                                    EXHIBIT A

                              FORM OF SUBSCRIPTION
                   (to be signed only on exercise of Warrant)

TO:  KEY GOLD CORPORATION

The  undersigned,  pursuant to the provisions set forth in the attached  Warrant
(No. 2004-AUG-001), hereby irrevocably elects to purchase ________ shares of the
Common Stock covered by such Warrant.

The  undersigned  herewith  makes  payment of the full  purchase  price for such
shares at the price per share provided for in such Warrant, which is $1.50. Such
payment takes the form of $__________ in lawful money of the United States.

The undersigned  requests that the certificates for such shares be issued in the
name of, and delivered to
                          ------------------------------------------------------
whose address is
                 ---------------------------------------------------------------

--------------------------------------------------------------------------------

The  undersigned  represents  and  warrants  that all  offers  and  sales by the
undersigned of the securities issuable upon exercise of the within Warrant shall
be made pursuant to registration of the Common Stock under the Securities Act of
1933,  as amended  (the  "Securities  Act"),  or pursuant to an  exemption  from
registration under the Securities Act.

Dated:
       --------------------            -----------------------------------------
                                       (Signature must conform to name of holder
                                        as specified on the face of the Warrant)

                                       -----------------------------------------

                                       -----------------------------------------
                                       (Address)

                                      -7-
<PAGE>

                                    EXHIBIT B

                         FORM OF TRANSFEROR ENDORSEMENT
                   (To be signed only on transfer of Warrant)

                  For value received, the undersigned hereby sells, assigns, and
transfers  unto the person(s)  named below under the heading  "Transferees"  the
right represented by the within Warrant to purchase the percentage and number of
shares of Common  Stock of Key Gold  Corporation  to which  the  within  Warrant
relates  specified  under the  headings  "Percentage  Transferred"  and  "Number
Transferred," respectively,  opposite the name(s) of such person(s) and appoints
each such person  Attorney to transfer its respective  right on the books of Key
Gold Corporation with full power of substitution in the premises.

--------------------------------------------------------------------------------
Transferees                 Percentage Transferred        Number Transferred
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Dated:               ,
       --------------  -----------           -----------------------------------
                                             (Signature must conform to name of
                                             holder as specified on the face of
                                             the warrant)

Signed in the presence of:

----------------------------------           -----------------------------------
         (Name)
                                             -----------------------------------
                                                       (address)

ACCEPTED AND AGREED:
[TRANSFEREE]                                 -----------------------------------

                                             -----------------------------------
                                                       (address)
----------------------------------
         (Name)

                                      -8-EXHIBIT 10.1

--------------------------------------------------------------------------------

                            STOCK PURCHASE AGREEMENT

                                     BETWEEN

                         FASTFUNDS FINANCIAL CORPORATION
                                       AND

                             SEASIDE INVESTMENTS PLC

                             ---------------------

                                 AUGUST 13, 2004

                             ---------------------

--------------------------------------------------------------------------------

<PAGE>

TABLE OF CONTENTS

ARTICLE I           CERTAIN DEFINITIONS........................................1
         1.1      Certain Definitions..........................................1

ARTICLE II          PURCHASE AND SALE OF SHARES................................4
         2.1      Purchase and Sale; Purchase Price............................4
         2.2      Execution and Delivery of Documents; The Closing.............4

ARTICLE III          REPRESENTATIONS AND WARRANTIES............................6
         3.1      Representations, Warranties and Agreements of the Target
                  Company......................................................6
         3.2      Representations and Warranties of Seaside....................9

ARTICLE IV          OTHER AGREEMENTS OF THE PARTIES...........................12
         4.1      Manner of Offering..........................................12
         4.2      Notice of Certain Events....................................12
         4.3      Blue Sky Laws...............................................12
         4.4      Integration.................................................13
         4.5      Furnishing of Rule 144(c) Materials.........................13
         4.6      Solicitation Materials......................................13
         4.7      Listing of Common Stock.....................................13
         4.8      Indemnification.............................................13
         4.9      Sale of Seaside Shares......................................15
         4.10     Lock Up by Seaside..........................................15
         4.11     Short Sales.................................................15
         4.12     Liquidation of Consideration Stock..........................16
         4.13     Definitive Certificates.....................................16
         4.14     London Stock Exchange.......................................16
         4.15     Liquidation of Seaside Consideration Shares.................16

ARTICLE V           MISCELLANEOUS.............................................16
         5.1      Fees and Expenses...........................................16
         5.2      Entire Agreement............................................17
         5.3      Notices.....................................................17
         5.4      Amendments; Waivers.........................................18
         5.5      Headings....................................................18
         5.6      Successors and Assigns......................................18
         5.7      No Third Party Beneficiaries................................18
         5.8      Governing Law; Venue; Service of Process....................18
         5.9      Survival....................................................18
         5.10     Counterpart Signatures......................................18
         5.11     Publicity...................................................19
         5.12     Severability................................................19
         5.13     Limitation of Remedies......................................19

                                       ii

<PAGE>

LIST OF SCHEDULES:

Schedule 3.1(a)   Subsidiaries
Schedule 3.1(c)   Capitalization and Registration Rights
Schedule 3.1(d)   Equity and Equity Equivalent Securities
Schedule 3.1(e)   Conflicts
Schedule 3.1(f)   Consents and Approvals
Schedule 3.1(g)   Litigation
Schedule 3.1(h)   Defaults and Violations

LIST OF EXHIBITS:

Exhibit A         Escrow Agreement
Exhibit B         Officer's Certificate
Exhibit C         Registration Rights Agreement

                                      iii
<PAGE>

         THIS STOCK PURCHASE  AGREEMENT  (this  "Agreement") is made and entered
into  as  of  August  13,  2004,  between  FastFunds  Financial  Corporation,  a
corporation  organized  and existing  under the laws of the State of Nevada (the
"Target Company"),  and Seaside  Investments PLC, a corporation  organized under
the laws of England and Wales with its offices at 30 Farringdon  Street,  London
EC4A 4HJ ( "Seaside").

         WHEREAS,  subject  to the  terms  and  conditions  set  forth  in  this
Agreement,  the Target Company  desires to issue and sell to Seaside and Seaside
desires  to  acquire  from the  Target  Company  800,000  shares  of the  Target
Company's  common  stock,  par value  $.001 (the  "Common  Stock") for the Total
Purchase Price set forth in Section 2.1(b) below.  The  consideration to be paid
by Seaside  for the Common  Stock  shall be  subject to certain  downside  price
protection (the "Downside Price Protection") provided in Section 2 of the Escrow
Agreement.

         IN CONSIDERATION  of the mutual covenants  contained in this Agreement,
the Target Company and Seaside agree as follows:

                                    ARTICLE I

                               CERTAIN DEFINITIONS

         1.1  Certain  Definitions.  As used in this  Agreement,  and unless the
context  requires a different  meaning,  the  following  terms have the meanings
indicated:

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

         "Agreement"  shall  have the  meaning  set  forth  in the  introductory
paragraph of this Agreement.

         "Business  Day" means any day except  Saturday,  Sunday,  any day which
shall be a legal holiday or a day on which banking  institutions in the State of
New York are authorized or required by law or other government actions to close.

         "Closing" shall have the meaning set forth in Section 2.2(a) hereof.

         "Closing  Bid Price"  shall mean the  closing  bid price for a share of
Common Stock on such date on the OTCBB (or such other exchange, market, or other
system that the Common Stock is then traded on), as reported on Bloomberg,  L.P.
(or similar  organization  or agency  succeeding  to its  functions of reporting
prices).

                                       1
<PAGE>

         "Closing  Date"  shall have the  meaning  set forth in  Section  2.2(a)
hereof.

         "Closing  Price"  shall be the Closing Bid Price of the Common Stock on
the day of Closing.

         "Common Stock" shall have the meaning in the recital.

         "Consideration  Stock"  shall  have the  meaning  set forth in  Section
2.1(a) hereof.

         "Control  Person"  shall have the meaning  set forth in Section  4.8(a)
hereof.

         "Disclosure  Documents" means the Target Company's  reports filed under
the Exchange Act with the SEC.

         "Downside Price Protection" shall have the meaning in the recital.

         "Escrow Agent" means Gottbetter & Partners, LLP, 488 Madison Avenue, 12
Floor, New York, NY 10022; Tel: 212-400-6900; Fax: 212-400-6901.

         "Escrow  Agreement" means the escrow agreement,  dated the date hereof,
by and among the Target Company,  Seaside and the Escrow Agent annexed hereto as
EXHIBIT A.

         "Exchange Act" means the Securities Exchange Act of 1934, as amended.

         "G&P" means Gottbetter & Partners, LLP.

         "HW" means  Hunter  Wise  Financial  Group,  LLC,  and/or  Hunter  Wise
Securities, LLC, a NASD registered Broker/Dealer,  2171 Campus Drive, Suite 200,
Irvine,  CA  92612;  Tel:  949-852-1700;   Fax:  949-852-1722,  a  non-exclusive
corporate finance advisor to the Target Company.

         "Indemnified  Party" shall have the meaning set forth in Section 4.8(b)
hereof.

         "Indemnifying Party" shall have the meaning set forth in Section 4.8(b)
hereof.

         "Losses" shall have the meaning set forth in Section 4.8(a) hereof.

         "Material  Adverse  Effect" shall have the meaning set forth in Section
3.1(a) hereof.

         "Material"  shall  mean  having a  financial  consequence  in excess of
$25,000.

         "NASD" means the National Association of Securities Dealers, Inc.

         "Nasdaq" shall mean the Nasdaq Stock Market, Inc.(R)

         "OTCBB" shall mean the NASD over-the counter Bulletin Board(R).

                                       2
<PAGE>

         "p" shall mean pence or 1/100th of a British Pound Sterling.

         "Person"  means an individual  or a  corporation,  partnership,  trust,
incorporated or  unincorporated  association,  joint venture,  limited liability
company, joint stock company,  government (or an agency or political subdivision
thereof) or other entity of any kind.

         "Private  Placement  Memorandum"  shall have the  meaning  set forth in
Section 3.1(l) hereof.

          "Proceeding" means an action, claim, suit, investigation or proceeding
(including,  without limitation, an investigation or partial proceeding, such as
a deposition), whether commenced or threatened.

         "Registration Rights Agreement" means the Registration Rights Agreement
in the form of EXHIBIT C annexed hereto.

         "Seaside" shall have the meaning in the introductory paragraph.

         "Seaside Consideration Shares" shall have the meaning in Section 2.1(c)
hereof.

         "Seaside  Escrow  Shares"  means  the  Seaside   Consideration   Shares
deposited  into  escrow by the  Target  Company  under  the terms of the  Escrow
Agreement in EXHIBIT A.

         "Seaside  Protection  Shares" means the Seaside  Escrow Shares that the
Target  Company is  required  to sell to  Seaside  under the terms of the Escrow
Agreement in EXHIBIT A.

         "Seaside Shares" shall mean ordinary shares of 1.0p each in Seaside.

         "SEC" means the Securities and Exchange Commission.

         "Securities Act" means the Securities Act of 1933, as amended.

         "Short Sales" shall have the meaning set forth in Section 4.12 hereof.

         "Subsidiaries"  shall  have the  meaning  set forth in  Section  3.1(a)
hereof.

         "Target  Company" shall have the meaning set forth in the  introductory
paragraph.

         "Total  Purchase  Price"  shall have the  meaning  set forth in Section
2.1(b) hereof.

          "Trading  Day" means (a) a day on which the Common  Stock is quoted on
Nasdaq,  the OTCBB or the principal stock exchange on which the Common Stock has
been listed,  or (b) if the Common  Stock is not quoted on Nasdaq,  the OTCBB or
any  stock  exchange,  a day  on  which  the  Common  Stock  is  quoted  in  the
over-the-counter  market,  as  reported  by the  Pinksheets  LLC (or any similar
organization or agency succeeding its functions of reporting prices).

                                       3
<PAGE>

         "Transaction  Documents"  means this  Agreement  and all  exhibits  and
schedules  hereto and all other  documents,  instruments  and writings  required
pursuant to this Agreement.

         "U.S." means the United States.

                                   ARTICLE II

                           PURCHASE AND SALE OF SHARES

         2.1 Purchase and Sale; Purchase Price.

                  (a) Subject to the terms and conditions set forth herein,  the
Target  Company  shall issue and sell and Seaside shall  purchase  Eight Hundred
Thousand   (800,000)   shares  of  the  Target   Company's   Common  Stock  (the
"Consideration Stock").

                  (b) The total  purchase  price (the  "Total  Purchase  Price")
shall be the number of shares of  Consideration  Stock multiplied by the average
of the Closing Bid Price per share of Common  Stock  during the ten (10) Trading
Days immediately preceding July 30, 2004.

                  (c) The Total  Purchase Price shall be paid by delivery to the
Target  Company of the  number of Seaside  Shares  (the  "Seaside  Consideration
Shares") equal to the Total Purchase Price divided by the conversion rate of the
British Pound  Sterling to purchase US Dollars as  determined  below on the July
30,  2004.  The Seaside  Shares  shall have a value of (pound)1  per share.  The
number of Seaside  Shares to be issued will be based on the  conversion  rate of
the  British  Pound  Sterling  to the US  Dollar  in  effect  as of the close of
business on the day preceding the Closing Date, as quoted by Coutts & Co. as the
commercial rate it gives to purchase US Dollars.  For example,  if the effective
conversion  rate is  $1.80/(pound) 1 and the Total Purchase Price is $8,000,000,
then the number of Seaside  Shares the Target  Company will receive  shall equal
the  $8,000,000/$1.80,  or 4,444,444 Seaside Shares.  The Seaside  Consideration
Shares shall be subject to the "Downside Price Protection" provided in Section 2
of the Escrow Agreement.

         2.2 Execution and Delivery of Documents; The Closing.

                  (a) The  Closing  of the  purchase  and sale of the  shares of
Consideration Stock (the "Closing") shall take place within sixty (60) days from
the date hereof (the "Closing Date"). On the Closing Date,

                           (i) the Target  Company  shall execute and deliver to
the Escrow Agent a certificate in the name of Seaside representing the shares of
Consideration Stock;

                           (ii) the Target  Company shall execute and deliver to
Seaside a certificate of its President, in the form of EXHIBIT B annexed hereto,
certifying  that attached  thereto is a copy of resolutions  duly adopted by the
Board of  Directors  of the Target  Company  authorizing  the Target  Company to

                                       4
<PAGE>

execute and deliver the Transaction Documents and to enter into the transactions
contemplated  thereby,  provided  that  the  Target  Company  may  execute  such
certificate upon the execution of this Agreement,  in which case it will be held
in escrow by the Escrow Agent and delivered at Closing;

                           (iii) Seaside shall execute and deliver to the Escrow
Agent a certificate in the name of the Target Company or a provisional letter of
allotment for a trading account in the name of the Escrow Agent representing the
Seaside  Escrow Shares and a certificate  in the name of the Target Company or a
provisional  letter of  allotment  for a trading  account  in the name of Escrow
Agent  (to be held for the  benefit  of the  Target  Company)  representing  the
balance of the Seaside Consideration Shares;

                           (iv) the Target Company and Seaside shall execute and
deliver to each other an  executed  Registration  Rights  Agreement  in the form
annexed  hereto as EXHIBIT C, provided  that the Target  Company and Seaside may
execute the Registration  Rights Agreement upon the execution of this Agreement,
in which case it will be held in escrow by the  Escrow  Agent and  delivered  at
Closing;

                           (v) the Target Company,  Seaside and the Escrow Agent
shall execute and deliver to each other an executed Escrow Agreement in the form
annexed  hereto as EXHIBIT A,  provided  that the Target  Company,  Seaside  and
Escrow  Agent may  execute  the  Escrow  Agreement  upon the  execution  of this
Agreement,  in which  case it will be held in  escrow  by the  Escrow  Agent and
delivered at Closing;

                           (vi) the Target  Company shall execute and deliver to
HW or its assigns  certificates or access to a trading account in the name of HW
representing the Consideration  Stock and the Seaside Shares owed to HW pursuant
to a separate advisory agreement between HW and the Target Company;

                           (vii) Seaside shall execute and deliver to the Escrow
Agent a stock power endorsed in blank relating to the Consideration Stock; and

                           (viii) the Target  Company shall wire the monies owed
to G&P  pursuant  to Section 5.1 hereof for legal fees with the  following  wire
instructions:

                                    Citibank, N.A.
                                    488 Madison Avenue
                                    New York, NY
                                    ABA Routing No.: 021000089
                                    Account Name: Gottbetter & Partners, LLP
                                    Account No. 49061322
                                    Reference: FastFunds Financial Corporation

                                       5
<PAGE>

                                  ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

         3.1  Representations,  Warranties and Agreements of the Target Company.
The Target Company hereby makes the following  representations and warranties to
Seaside, all of which shall survive the Closing:

                  (a)  Organization and  Qualification.  The Target Company is a
         corporation,  duly incorporated,  validly existing and in good standing
         under the laws of the jurisdiction of its formation, with the requisite
         corporate  power and authority to own and use its properties and assets
         and to carry on its business as currently conducted. The Target Company
         has no subsidiaries other than as set forth on SCHEDULE 3.1(A) attached
         hereto (collectively, the "Subsidiaries").  Each of the Subsidiaries is
         a corporation, duly incorporated, validly existing and in good standing
         under the laws of the jurisdiction of its incorporation,  with the full
         corporate  power and authority to own and use its properties and assets
         and to carry on its business as currently conducted. Each of the Target
         Company and the Subsidiaries is duly qualified to do business and is in
         good standing as a foreign  corporation in each  jurisdiction  in which
         the nature of the business conducted or property owned by it makes such
         qualification necessary, except where the failure to be so qualified or
         in good standing, as the case may be, would not, individually or in the
         aggregate, have a material adverse effect on the results of operations,
         assets, prospects, or financial condition of the Target Company and the
         Subsidiaries, taken as a whole (a "Material Adverse Effect").

                  (b)  Authorization,  Enforcement.  The Target  Company has the
         requisite corporate power and authority to enter into and to consummate
         the  transactions  contemplated  hereby and by each  other  Transaction
         Document and to otherwise to carry out its  obligations  hereunder  and
         thereunder.  The execution  and delivery of this  Agreement and each of
         the  other  Transaction   Documents  by  the  Target  Company  and  the
         consummation by it of the transactions  contemplated hereby and thereby
         has been duly  authorized  by all  necessary  action on the part of the
         Target  Company.   Each  of  this  Agreement  and  each  of  the  other
         Transaction  Documents  has been or will be duly executed by the Target
         Company  and when  delivered  in  accordance  with the terms  hereof or
         thereof will constitute the valid and binding  obligation of the Target
         Company  enforceable  against the Target Company in accordance with its
         terms,  except as such  enforceability  may be  limited  by  applicable
         bankruptcy,  insolvency,  reorganization,  moratorium,  liquidation  or
         similar laws relating to, or affecting  generally the  enforcement  of,
         creditors'  rights and  remedies or by other  equitable  principles  of
         general application.

                  (c)  Capitalization.  The  authorized,  issued and outstanding
         capital stock of the Company is set forth on SCHEDULE 3.1(C). No shares
         of Common Stock are entitled to  preemptive or similar  rights,  nor is
         any holder of the Common Stock entitled to preemptive or similar rights
         arising out of any agreement or  understanding  with the Target Company
         by virtue of this  Agreement.  Except as disclosed in SCHEDULE  3.1(C),
         there are no outstanding options, warrants, script, rights to subscribe
         to,  registration   rights,  calls  or  commitments  of  any  character
         whatsoever  relating to securities,  rights or obligations  convertible

                                       6
<PAGE>

         into or  exchangeable  for, or giving any person any right to subscribe
         for or acquire, any shares of Common Stock, or contracts,  commitments,
         understandings,  or  arrangements  by which the  Target  Company or any
         Subsidiary is or may become bound to issue additional  shares of Common
         Stock, or securities or rights  convertible or exchangeable into shares
         of Common Stock.  Neither the Target  Company nor any  Subsidiary is in
         violation of any of the provisions of its Certificate of Incorporation,
         bylaws or other charter documents.

                  (d) Issuance of Securities.  The shares of Consideration Stock
         have been duly and  validly  authorized  for  issuance,  offer and sale
         pursuant to this  Agreement  and, when issued and delivered as provided
         hereunder against payment in accordance with the terms hereof, shall be
         valid and binding  obligations  of the Target  Company  enforceable  in
         accordance with their respective terms.

                  (e) No Conflicts.  The execution,  delivery and performance of
         this  Agreement  and the  other  Transaction  Documents  by the  Target
         Company and the  consummation by the Target Company of the transactions
         contemplated  hereby and thereby do not and will not (i) conflict  with
         or violate any provision of its Certificate of  Incorporation or bylaws
         (each  as  amended  through  the date  hereof)  or (ii) be  subject  to
         obtaining  any  consents  except those  referred to in Section  3.1(f),
         conflict  with,  or constitute a default (or an event which with notice
         or lapse of time or both  would  become a  default)  under,  or give to
         others  any  rights  of   termination,   amendment,   acceleration   or
         cancellation  of, any  agreement,  indenture or instrument to which the
         Target  Company is a party,  or (iii) result in a violation of any law,
         rule,  regulation,   order,  judgment,   injunction,  decree  or  other
         restriction of any court or governmental  authority to which the Target
         Company or its Subsidiaries is subject (including,  but not limited to,
         those of other countries and the federal and state  securities laws and
         regulations),  or by which any property or asset of the Target  Company
         or its Subsidiaries is bound or affected,  except in the case of clause
         (ii),   such    conflicts,    defaults,    terminations,    amendments,
         accelerations,  cancellations and violations as would not, individually
         or in the aggregate,  have a Material  Adverse Effect.  The business of
         the Target  Company  and its  Subsidiaries  is not being  conducted  in
         violation  of any law,  ordinance  or  regulation  of any  governmental
         authority.

                  (f) Consents and Approvals.  Except as specifically  set forth
         in SCHEDULE  3.1(F),  neither the Target  Company nor any Subsidiary is
         required to obtain any consent,  waiver,  authorization or order of, or
         make any  filing or  registration  with,  any  court or other  federal,
         state,  local or  other  governmental  authority  or  other  Person  in
         connection  with the execution,  delivery and performance by the Target
         Company of this Agreement and each of the other Transaction Documents.

                  (g) Litigation;  Proceedings. Except as specifically disclosed
         in  SCHEDULE  3.1(G),  there is no  Proceeding  threatened  against  or
         affecting the Target Company or any of its Subsidiaries or any of their
         respective   properties  before  or  by  any  court,   governmental  or
         administrative agency or regulatory authority (federal,  state, county,
         local or foreign)  which (i)  relates to or  challenges  the  legality,
         validity or enforceability  of any of the Transaction  Documents or the
         shares of  Consideration  Stock,  (ii)  could,  individually  or in the
         aggregate,  have a Material Adverse Effect or (iii) could, individually
         or in the  aggregate,  materially  impair  the  ability  of the  Target

                                       7
<PAGE>

         Company to perform  fully on a timely basis its  obligations  under the
         Transaction Documents.

                  (h) No Default or  Violation.  Except as set forth in SCHEDULE
         3.1(H) hereto,  neither the Target Company nor any Subsidiary (i) is in
         default  under  or in  violation  of  any  indenture,  loan  or  credit
         agreement or any other  agreement or  instrument to which it is a party
         or by which it or any of its properties is bound, except such conflicts
         or  defaults  as do not  have a  Material  Adverse  Effect,  (ii) is in
         violation of any order of any court,  arbitrator or governmental  body,
         except for such violations as do not have a Material Adverse Effect, or
         (iii)  is in  violation  of any  statute,  rule  or  regulation  of any
         governmental  authority which could  (individually or in the aggregate)
         (a) adversely affect the legality,  validity or  enforceability of this
         Agreement,  (b) have a Material  Adverse Effect or (c) adversely impair
         the Target Company's ability or obligation to perform fully on a timely
         basis its obligations under this Agreement.

                  (i)  Disclosure   Documents.   The  Disclosure  Documents  are
         accurate  in  all  material  respects  and do not  contain  any  untrue
         statement of material fact or omit to state any material fact necessary
         in  order  to  make  the  statements  made  therein,  in  light  of the
         circumstances under which they were made, not misleading.

                  (j)  Non-Registered  Offering.  Neither the Target Company nor
         any  Person  acting on its  behalf  has  taken or will take any  action
         (including,  without limitation,  any offering of any securities of the
         Target Company under  circumstances which would require the integration
         of such offering with the offering of the Consideration Stock under the
         Securities  Act) which might subject the offering,  issuance or sale of
         the Consideration  Stock to the registration  requirements of Section 5
         of the Securities Act.

                  (k) Placing Agent.  The Target Company accepts and agrees that
         Dungarvon Associates, Inc. ("Dungarvon") is acting for Seaside and does
         not regard any person other than Seaside as its customer in relation to
         this  Agreement,  and that it has not made  any  recommendation  to the
         Target  Company,  in relation to this Agreement and is not advising the
         Target Company, with regard to the suitability or merits of the Seaside
         Shares and in particular Dungarvon has no duties or responsibilities to
         the  Target  Company  for  the  best   execution  of  the   transaction
         contemplated by this Agreement.

                  (l) Private Placement Representations.  The Target Company (i)
         has received and carefully  reviewed such information and documentation
         relating to Seaside that the Target Company has  requested,  including,
         without limitation, Seaside's Confidential Private Offering Memorandum,
         dated June 14, 2004 (the "Private Placement Memorandum");  (ii) has had
         a reasonable  opportunity to ask questions of and receive  answers from
         Seaside concerning the Seaside Shares, and all such questions,  if any,
         have been  answered  to the full  satisfaction  of the Target  Company;
         (iii) has such  knowledge  and  expertise  in  financial  and  business
         matters that it is capable of evaluating  the merits and risks involved
         in an investment in the Seaside Shares;  (iii) understands that Seaside
         has determined that the exemption from the  registration  provisions of
         the Securities  Act,  provided by Section 4(2) of the Securities Act is
         applicable to the offer and sale of the Seaside Shares, based, in part,
         upon the representations,  warranties and agreements made by the Target

                                       8
<PAGE>

         Company  herein;  and (iv) except as provided herein and in the Private
         Placement  Memorandum,  no representations or warranties have been made
         to the Target Company by Seaside or any agent, employee or affiliate of
         Seaside and in entering into this transaction the Target Company is not
         relying  upon any  information,  other than the results of  independent
         investigation by the Target Company.

Seaside  acknowledges and agrees that the Target Company makes no representation
or warranty  with  respect to the  transactions  contemplated  hereby other than
those specifically set forth in Section 3.1 hereof.

         3.2 Representations and Warranties of Seaside. Seaside hereby makes the
following  representations  and warranties to the Target  Company,  all of which
shall survive the Closing:

                  (a) Organization;  Authority.  Seaside is a corporation,  duly
         organized,  validly existing and in good standing under the laws of the
         jurisdiction of its formation with the requisite power and authority to
         enter into and to consummate the transactions  contemplated  hereby and
         by the  other  Transaction  Documents  and  otherwise  to carry out its
         obligations hereunder and thereunder.  The acquisition of the shares of
         Consideration  Stock to be purchased by Seaside hereunder has been duly
         authorized  by all  necessary  action  on the  part  of  Seaside.  This
         Agreement   has  been  duly  executed  and  delivered  by  Seaside  and
         constitutes  the valid  and  legally  binding  obligation  of  Seaside,
         enforceable  against it in  accordance  with its terms,  except as such
         enforceability  may be limited by  applicable  bankruptcy,  insolvency,
         reorganization,  moratorium  or similar laws  relating to, or affecting
         generally the enforcement of, creditors rights and remedies or by other
         general principles of equity.

                  (b)  Investment  Intent.  Seaside is  acquiring  the shares of
         Consideration  Stock  to be  purchased  by it  hereunder,  for  its own
         account  for  investment  purposes  only  and not with a view to or for
         distributing  or reselling such shares of  Consideration  Stock, or any
         part  thereof or  interest  therein,  without  prejudice,  however,  to
         Seaside's  right,  subject to the provisions of this Agreement,  at all
         times to sell or otherwise dispose of all or any part of such shares of
         Consideration  Stock in compliance  with  applicable  federal and state
         securities laws.

                  (c) Experience of Seaside.  Seaside,  either alone or together
         with  its  representatives,  has  such  knowledge,  sophistication  and
         experience  in business  and  financial  matters so as to be capable of
         evaluating  the  merits  and risks of an  investment  in the  shares of
         Consideration  Stock  to  be  acquired  by it  hereunder,  and  has  so
         evaluated the merits and risks of such investment.

                  (d) Ability of Seaside to Bear Risk of Investment.  Seaside is
         able to bear the economic risk of an  investment  in the  Consideration
         Stock to be acquired by it hereunder  and, at the present time, is able
         to afford a complete loss of such investment.

                  (e) Access to Information.  Seaside  acknowledges  that it has
         been  afforded  (i) the  opportunity  to ask such  questions  as it has
         deemed  necessary of, and to receive answers from,  representatives  of
         the  Target  Company   concerning  the  terms  and  conditions  of  the

                                       9
<PAGE>

         Consideration  Stock  offered  hereunder  and the  merits  and risks of
         investing  in such  securities;  (ii) access to  information  about the
         Target Company and the Target Company's financial condition, results of
         operations,  business, properties,  management and prospects sufficient
         to enable it to evaluate its investment in the Consideration Stock; and
         (iii) the opportunity to obtain such additional  information  which the
         Target Company possesses or can acquire without  unreasonable effort or
         expense that is necessary to make an informed  investment decision with
         respect to the investment  and to verify the accuracy and  completeness
         of the information that it has received about the Target Company.

(f)    Reliance.  Seaside  understands and  acknowledges  that (i) the shares of
       Consideration  Stock  being  offered and sold to it  hereunder  are being
       offered  and sold  without  registration  under the  Securities  Act in a
       private placement that is exempt from the registration  provisions of the
       Securities  Act under  Section  4(2) of the  Securities  Act and (ii) the
       availability  of such  exemption  depends in part on, and that the Target
       Company will rely upon the accuracy and  truthfulness  of, the  foregoing
       representations and Seaside hereby consents to such reliance.

                  (g) Regulation S. Seaside  understands and  acknowledges  that
         (A) the shares of  Consideration  Stock have not been registered  under
         the  Securities  Act, are being sold in reliance upon an exemption from
         registration  afforded  by  Regulation  S;  and  that  such  shares  of
         Consideration  Stock have not been registered with any state securities
         commission or authority; (B) pursuant to the requirements of Regulation
         S, the shares of  Consideration  Stock may not be transferred,  sold or
         otherwise  exchanged  unless  in  compliance  with  the  provisions  of
         Regulation S and/or pursuant to registration  under the Securities Act,
         or pursuant to an  available  exemption  hereunder;  and (C) the Target
         Company is under no obligation to register the shares of  Consideration
         Stock under the Securities Act or any state  securities law, or to take
         any action to make any exemption from any such registration  provisions
         available.

         Seaside  is  not a U.S.  Person  and is not  acquiring  the  shares  of
Consideration  Stock for the  account of any U.S.  Person;  (B) no  director  or
executive officer of Seaside is a national or citizen of the United States;  and
(C) it is not  otherwise  deemed to be a "U.S.  Person"  within  the  meaning of
Regulation S.

         Seaside was not formed  specifically  for the purpose of acquiring  the
shares of Consideration Stock purchased pursuant to this Agreement.

         Seaside is  purchasing  the shares of  Consideration  Stock for its own
account and risk and not for the account or benefit of a U.S.  Person as defined
in Regulation S and no other person has any interest in or  participation in the
shares of Consideration Stock or any right, option, security interest, pledge or
other interest in or to the shares of Consideration  Stock. Seaside understands,
acknowledges and agrees that it must bear the economic risk of its investment in
the  shares of  Consideration  Stock for an  indefinite  period of time and that
prior to any such offer or sale, the Target Company may require,  as a condition
to  effecting a transfer  of the shares of  Consideration  Stock,  an opinion of
counsel,  acceptable to the Target Company,  as to the registration or exemption
therefrom under the Securities Act and any state securities acts, if applicable.

                                       10
<PAGE>

         Seaside will,  after the  expiration of the Restricted  Period,  as set
forth  under  Regulation  S  Rule  903(b)(3)(iii)(A),  offer,  sell,  pledge  or
otherwise  transfer the shares of  Consideration  Stock only in accordance  with
Regulation S, or pursuant to an available  exemption  under the  Securities  Act
and, in any case, in accordance  with  applicable  state  securities  laws.  The
transactions  contemplated by this Agreement have neither been pre-arranged with
a purchaser who is in the U.S. or who is a U.S.  Person,  nor are they part of a
plan or scheme to evade the registration provisions of the United States federal
securities laws.

         The offer leading to the sale evidenced hereby was made in an "offshore
transaction."  For  purposes  of  Regulation  S,  Seaside  understands  that  an
"offshore  transaction"  as defined under  Regulation S is any offer or sale not
made to a person in the  United  States and either (A) at the time the buy order
is originated,  the purchaser is outside the United States, or the seller or any
person  acting on his behalf  reasonably  believes that the purchaser is outside
the United  States;  or (B) for  purposes of (1) Rule 903 of  Regulation  S, the
transaction  is  executed  in, or on or through a physical  trading  floor of an
established  foreign  exchange that is located  outside the United States or (2)
Rule 904 of  Regulation  S, the  transaction  is executed  in, on or through the
facilities of a designated  offshore  securities  market, and neither the seller
nor any  person  acting  on its  behalf  knows  that  the  transaction  has been
prearranged with a buyer in the U.S.

         Neither  Seaside nor any  Affiliate  or any Person  acting on Seaside's
behalf,  has made or is aware of any  "directed  selling  efforts" in the United
States,  which is defined in Regulation S to be any activity  undertaken for the
purpose  of,  or that  could  reasonably  be  expected  to have the  effect  of,
conditioning  the  market  in  the  United  States  for  any of  the  shares  of
Consideration Stock being purchased hereby.

         Seaside understands that the Target Company is the seller of the shares
of  Consideration  Stock which are the subject of this Agreement,  and that, for
purpose of Regulation S, a  "distributor"  is any  underwriter,  dealer or other
person  who  participates,   pursuant  to  a  contractual  arrangement,  in  the
distribution of securities  offered or sold in reliance on Regulation S and that
an  "affiliate"  is any  partner,  officer,  director or any person  directly or
indirectly controlling, controlled by or under common control with any person in
question. Seaside agrees that Seaside will not, during the Restricted Period set
forth under Rule 903(b)(iii)(A), act as a distributor, either directly or though
any affiliate, nor shall it sell, transfer,  hypothecate or otherwise convey the
shares of Consideration Stock other than to a non-U.S. Person.

         Seaside acknowledges that the shares of Consideration Stock will bear a
legend in substantially the following form:

THE SHARES  REPRESENTED  BY THIS  CERTIFICATE  HAVE BEEN  OFFERED AND SOLD IN AN
"OFFSHORE  TRANSACTION"  IN RELIANCE  UPON  REGULATION S AS  PROMULGATED  BY THE
SECURITIES AND EXCHANGE COMMISSION.  ACCORDINGLY,  THE SECURITIES REPRESENTED BY
THIS  CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
"SECURITIES  ACT") AND MAY NOT BE  TRANSFERRED  OTHER  THAN IN  ACCORDANCE  WITH
REGULATION S, PURSUANT TO REGISTRATION  UNDER THE SECURITIES ACT, OR PURSUANT TO

                                       11
<PAGE>

AN  AVAILABLE   EXEMPTION  FROM  REGISTRATION  UNDER  THE  SECURITIES  ACT,  THE
AVAILABILITY  OF WHICH IS TO BE ESTABLISHED TO THE  SATISFACTION OF THE COMPANY.
THE SECURITIES  REPRESENTED BY THIS CERTIFICATE CANNOT BE THE SUBJECT OF HEDGING
TRANSACTIONS  UNLESS SUCH  TRANSACTIONS  ARE  CONDUCTED IN  COMPLIANCE  WITH THE
SECURITIES ACT.

THE SALE OF THE SHARES REPRESENTED BY THIS CERTIFICATE IS RESTRICTED PURSUANT TO
THE TERMS OF A STOCK  PURCHASE  AGREEMENT,  DATED AUGUST 13,  2004,  BETWEEN THE
COMPANY AND SEASIDE INVESTMENTS PLC, A COPY OF WHICH IS AVAILABLE UPON REQUEST.

The Target Company acknowledges and agrees that Seaside makes no representations
or warranties with respect to the  transactions  contemplated  hereby other than
those specifically set forth in this Section 3.2.

                                   ARTICLE IV

                         OTHER AGREEMENTS OF THE PARTIES

         4.1 Manner of Offering.  The Consideration  Stock being issued pursuant
to section 4(2) of the Securities  Act and Regulation S thereunder.  The Seaside
Consideration Shares are being issued pursuant to section 4(2) of the Securities
Act.

         4.2 Notice of Certain Events. The Target Company shall, on a continuing
basis,  (i) advise  Seaside  promptly  after  obtaining  knowledge  of,  and, if
requested by Seaside, confirm such advice in writing, of (A) the issuance by any
state securities  commission of any stop order  suspending the  qualification or
exemption from qualification of the shares of Consideration  Stock, for offering
or sale in any  jurisdiction,  or the  initiation  of any  proceeding  for  such
purpose by any state securities commission or other regulatory authority, or (B)
any event that makes any statement of a material fact made by the Target Company
in Section 3.1 or in the Disclosure Documents untrue or that requires the making
of any additions to or changes in Section 3.1 or in the Disclosure  Documents in
order to make the statements  therein,  in the light of the circumstances  under
which they are made,  not  misleading,  (ii) use its best efforts to prevent the
issuance of any stop order or order  suspending the  qualification  or exemption
from qualification of the Consideration Stock under any state securities or Blue
Sky  laws,  and (iii) if at any time any state  securities  commission  or other
regulatory  authority  shall  issue an order  suspending  the  qualification  or
exemption from qualification of the Consideration Stock under any such laws, and
use its best  efforts to obtain the  withdrawal  or lifting of such order at the
earliest possible time.

         4.3 Blue Sky Laws.  The Target  Company agrees that it will execute all
necessary  documents and pay all necessary state filing or notice fees to enable
the Target Company to sell the shares of Consideration Stock to Seaside.

                                       12
<PAGE>

         4.4  Integration.  The Target  Company shall not and shall use its best
efforts to ensure that no Affiliate shall sell, offer for sale or solicit offers
to buy or otherwise  negotiate in respect of any security (as defined in Section
2 of the Securities  Act) that would be integrated with the offer or sale of the
shares of  Consideration  Stock in a manner that would require the  registration
under the  Securities  Act of the sale of the shares of  Consideration  Stock to
Seaside.

         4.5 Furnishing of Rule 144(c) Materials.  The Target Company shall, for
so long as any of the  Consideration  Stock  remain  outstanding  and during any
period in which the Target  Company is not subject to Section 13 or 15(d) of the
Exchange Act, make available to any registered holder of the Consideration Stock
in  connection  with any sale  thereof  and any  prospective  purchaser  of such
Consideration  Stock from such Person,  such information in accordance with Rule
144(c)  promulgated  under  the  Securities  Act  as is  required  to  sell  the
Consideration Stock under Rule 144 promulgated under the Securities Act.

         4.6 Solicitation Materials. The Target Company shall not (i) distribute
any offering materials in connection with the offering and sale of the shares of
Consideration  Stock other than the Disclosure  Documents and any amendments and
supplements thereto prepared in compliance herewith or (ii) solicit any offer to
buy or sell the  shares of  Consideration  Stock by means of any form of general
solicitation or advertising.

         4.7 Listing of Common  Stock.  If the Common  Stock is or shall  become
listed on the OTCBB or on another exchange, the Target Company shall (a) use its
best  efforts to maintain  the listing of its Common  Stock on the OTCBB or such
other  exchange on which the Common  Stock is then  listed  until four (4) years
from the date hereof, and (b) shall provide to Seaside evidence of such listing.
Notwithstanding  the foregoing,  the Target Company may voluntarily  cease to be
listed on the OTCBB at such time as the Target Company becomes listed on another
exchange.

         4.8 Indemnification.

                  (a) Indemnification

                           (i)  The  Target   Company   shall,   notwithstanding
         termination  of this  Agreement  and  for a  period  of six (6)  years,
         indemnify  and  hold  harmless  Seaside  and its  officers,  directors,
         agents,  employees and Affiliates,  each Person who controls or Seaside
         (within the meaning of Section 15 of the  Securities  Act or Section 20
         of the  Exchange  Act) (each such Person,  a "Control  Person") and the
         officers,  directors,  agents,  employees  and  Affiliates of each such
         Control Person, to the fullest extent permitted by applicable law, from
         and against any and all losses,  claims,  damages,  liabilities,  costs
         (including,  without  limitation,  costs of preparation  and attorneys'
         fees) and expenses (collectively,  "Losses"), as incurred,  arising out
         of,  or  relating  to,  a breach  or  breaches  of any  representation,
         warranty,  covenant  or  agreement  by the  Target  Company  under this
         Agreement or any other Transaction Document.

                           (ii) Seaside  shall,  notwithstanding  termination of
         this  Agreement  and for a period of six (6) years,  indemnify and hold
         harmless  the  Target  Company,  its  officers,  directors,  agents and
         employees, each Control Person and the officers,  directors, agents and
         employees of each Control  Person,  to the fullest extent  permitted by

                                       13
<PAGE>

         applicable  law,  from and  against any and all  Losses,  as  incurred,
         arising  out  of,  or  relating   to,  a  breach  or  breaches  of  any
         representation,  warranty,  covenant or agreement by Seaside under this
         Agreement or the other Transaction Documents,  except for Losses solely
         arising out of negligence, bad faith or breach of this Agreement by the
         Target Company.

                           (iii) The Target Company and Seaside acknowledge that
         in the SEC's  opinion,  directors,  officers and persons  controlling a
         company  subject  to the  Securities  Act  can not be  indemnified  for
         liabilities arising under the Securities Act by such company.

                  (b) Conduct of Indemnification  Proceedings. If any Proceeding
         shall be brought or asserted  against any Person  entitled to indemnity
         hereunder (an "Indemnified  Party"),  such  Indemnified  Party promptly
         shall   notify  the  Person   from  whom   indemnity   is  sought  (the
         "Indemnifying  Party") in  writing,  and the  Indemnifying  Party shall
         assume  the  defense  thereof,  including  the  employment  of  counsel
         reasonably satisfactory to the Indemnified Party and the payment of all
         fees  and  expenses   incurred  in  connection  with  defense  thereof;
         provided, that the failure of any Indemnified Party to give such notice
         shall  not  relieve  the  Indemnifying  Party  of  its  obligations  or
         liabilities pursuant to this Agreement, except (and only) to the extent
         that  it  shall  be  finally   determined   by  a  court  of  competent
         jurisdiction  (which  determination is not subject to appeal or further
         review)  that  such  failure  shall  have  proximately  and  materially
         adversely prejudiced the Indemnifying Party.

         An Indemnified Party shall have the right to employ separate counsel in
any such Proceeding and to participate in the defense thereof,  but the fees and
expenses of such counsel  shall be at the expense of such  Indemnified  Party or
Parties  unless:  (1) the  Indemnifying  Party  has  agreed to pay such fees and
expenses; or (2) the Indemnifying Party shall have failed promptly to assume the
defense of such Proceeding and to employ counsel reasonably satisfactory to such
Indemnified  Party in any such Proceeding;  or (3) the named parties to any such
Proceeding (including any impleaded parties) include both such Indemnified Party
and the Indemnifying  Party, and such Indemnified  Party shall have been advised
by counsel  that a conflict of  interest is likely to exist if the same  counsel
were to represent such Indemnified  Party and the  Indemnifying  Party (in which
case, if such Indemnified Party notifies the Indemnifying  Party in writing that
it elects to employ separate counsel at the expense of the  Indemnifying  Party,
the  Indemnifying  Party  shall not have the right to assume the  defense of the
claim  against  the  Indemnified  Party but will retain the right to control the
overall  Proceedings  out of which the claim arose and such counsel  employed by
the Indemnified  Party shall be at the expense of the Indemnifying  Party).  The
Indemnifying Party shall not be liable for any settlement of any such Proceeding
effected  without its written  consent,  which consent shall not be unreasonably
withheld.  No Indemnifying Party shall, without the prior written consent of the
Indemnified Party, effect any settlement of any pending Proceeding in respect of
which any  Indemnified  Party is a party,  unless  such  settlement  includes an
unconditional  release of such  Indemnified  Party from all  liability on claims
that are the subject matter of such Proceeding.

                                       14
<PAGE>

         All fees and expenses of the Indemnified Party to which the Indemnified
Party is  entitled  hereunder  (including  reasonable  fees and  expenses to the
extent  incurred in connection  with  investigating  or preparing to defend such
Proceeding in a manner not inconsistent  with this Section) shall be paid to the
Indemnified Party, as incurred,  within ten (10) Business Days of written notice
thereof to the Indemnifying Party.

         No right of indemnification under this Section shall be available as to
a  particular   Indemnified   Party  if  the   Indemnifying   Party   obtains  a
non-appealable final judicial determination that such Losses arise solely out of
the negligence,  breach of agreement or bad faith of such  Indemnified  Party in
performing the obligations of such  Indemnified  Party under this Agreement or a
breach by such Indemnified Party of its obligations under this Agreement.

                  (c) Contribution.  If a claim for  indemnification  under this
         Section is unavailable to an Indemnified  Party or is  insufficient  to
         hold such Indemnified Party harmless for any Losses in respect of which
         this  Section  would  apply  by its  terms  (other  than by  reason  of
         exceptions provided in this Section),  then each Indemnifying Party, in
         lieu of indemnifying  such Indemnified  Party,  shall contribute to the
         amount  paid or payable by such  Indemnified  Party as a result of such
         Losses in such  proportion  as is  appropriate  to reflect the relative
         benefits  received  by the  Indemnifying  Party on the one hand and the
         Indemnified   Party  on  the  other  and  the  relative  fault  of  the
         Indemnifying Party and Indemnified Party in connection with the actions
         or omissions that resulted in such Losses as well as any other relevant
         equitable considerations. The relative fault of such Indemnifying Party
         and Indemnified  Party shall be determined by reference to, among other
         things,  whether  there was a judicial  determination  that such Losses
         arise in part out of the  negligence  or bad  faith of the  Indemnified
         Party in performing  the  obligations of such  Indemnified  Party under
         this Agreement or the  Indemnified  Party's  breach of its  obligations
         under this Agreement. The amount paid or payable by a party as a result
         of any Losses shall be deemed to include any  attorneys'  or other fees
         or expenses incurred by such party in connection with any Proceeding to
         the extent  such party  would  have been  indemnified  for such fees or
         expenses  if the  indemnification  provided  for in  this  Section  was
         available to such party.

                  (d) Non-Exclusivity. The indemnity and contribution agreements
         contained  in  this  Section  are  in  addition  to any  obligation  or
         liability  that the  Indemnifying  Parties may have to the  Indemnified
         Parties.

         4.9 Sale of Seaside  Consideration  Shares.  Seaside  shall  assist the
Target Company in setting up and  maintaining a trading  account at a registered
broker in the United Kingdom to facilitate the sale of the Seaside Consideration
Shares.  Broker's  commissions in the trading  account shall not exceed one half
percent (0.5%).

         4.10 Lock Up by Seaside. Seaside shall not sell, transfer or assign all
or any of the  shares  of  Consideration  Stock  for a  period  of one (1)  year
following the Closing,  without the written consent of the Target Company, which
consent may be withheld in the Target Company's sole discretion.

                                       15
<PAGE>

         4.11 Short Sales. Seaside agrees it will not enter into any Short Sales
(as  hereinafter  defined) until the date that Seaside no longer owns the shares
of Consideration  Stock. For purpose hereof, a "Short Sale" shall mean a sale of
Common  Stock by  Seaside  that is marked as a short  sale and that is made at a
time when there is no equivalent offsetting long position in the Common Stock by
Seaside.

         4.12  Liquidation  of  Consideration  Stock.  Commencing  on  the  date
occurring  one (1) year  after  the  Closing,  Seaside  may sell its  shares  of
Consideration Stock at a monthly rate no greater than an amount equal to fifteen
percent (15%) of the Target  Company's prior month's  trading volume,  provided,
however,  that  Seaside  may  execute  block  trades of 50,000 or more shares of
Consideration  Stock and such sales shall not count  toward the fifteen  percent
(15%) limitation on the rate of liquidation. Seaside shall use the proceeds from
these liquidations to re-purchase Seaside Shares in the marketplace.

         4.13 Definitive  Certificates.  The definitive  certificates evidencing
the shares of  Consideration  Stock shall be held at the office of the Secretary
of Seaside if and when the Consideration Stock is received from the Escrow Agent
pursuant to the Escrow  Agreement and shall remain with the Secretary  until one
(1) year from the date hereof.

         4.14  London  Stock  Exchange.   Seaside  shall  register  the  Seaside
Consideration  Shares for trading on the London Stock  Exchange PLC by September
30, 2004.

         4.15 Liquidation of Seaside Consideration  Shares.  Commencing with the
month during which  Seaside  Shares are accepted for trading on the London Stock
Exchange  PLC, and during each calendar  month  thereafter,  Target  Company may
shall its shares of Seaside  Consideration  Shares at a monthly  rate that is no
greater than ten percent (10%) of the total of the Seaside  Consideration Shares
(the "Sales  Allowance").  Any unused portion of the Sales Allowance  during any
month may be carried over to subsequent months. The Seaside Escrow Shares, after
they  have  been  distributed  to  the  Target  Company,  may  be  sold  without
restriction.

                                   ARTICLE V

                                  MISCELLANEOUS

         5.1 Fees and  Expenses.  Except  as set forth in this  Agreement,  each
party shall pay the fees and expenses of its advisers, counsel,  accountants and
other experts, if any, and all other expenses incurred by such party incident to
the  negotiation,  preparation,  execution,  delivery  and  performance  of this
Agreement.  The Target  Company  shall pay all stamp and other  taxes and duties
levied in  connection  with the  issuance of the shares of  Consideration  Stock
pursuant  hereto.  Seaside shall be responsible for any taxes payable by Seaside
that may  arise as a result  of the  investment  hereunder  or the  transactions
contemplated  by this Agreement or any other  Transaction  Document.  The Target
Company  agrees  to pay  $7,500  to G&P  for  legal  fees  associated  with  the
transactions contemplated by this Agreement at Closing. The Target Company shall
pay all fees owed to HW pursuant to a separate advisory agreement between Hunter
Wire and the Target Company.  The Target Company shall pay all costs,  expenses,
fees and all taxes  incident to and in  connection  with:  (A) the  issuance and
delivery of the Consideration  Stock, (B) the exemption from registration of the

                                       16
<PAGE>

Consideration  Stock for offer and sale to Seaside under the  securities or Blue
Sky  laws  of  the  applicable   jurisdictions,   and  (C)  the  preparation  of
certificates  for  the  Consideration  Stock  (including,   without  limitation,
printing and  engraving  thereof),  and (D) all fees and expenses of counsel and
accountants of the Target Company.

         5.2 Entire Agreement This Agreement,  together with all of the Exhibits
and Schedules annexed hereto,  and any other  Transaction  Document contains the
entire  understanding  of the parties with respect to the subject  matter hereof
and supersede all prior  agreements and  understandings,  oral or written,  with
respect to such matters. This Agreement shall be deemed to have been drafted and
negotiated  by both parties  hereto and no  presumptions  as to  interpretation,
construction or enforceability  shall be made by or against either party in such
regard.

         5.3 Notices. Any notice or other communication required or permitted to
be given  hereunder  shall be in  writing  and shall be deemed to have been duly
given  upon  facsimile  transmission  (with  written  transmission  confirmation
report) at the number  designated  below (if  delivered on a Business Day during
normal  business  hours  where  such  notice  is to be  received),  or the first
Business Day following such delivery (if delivered  other than on a Business Day
during  normal  business  hours where such notice is to be  received)  whichever
shall first occur. The addresses for such communications shall be:

              If to the Target Company:    FastFunds Financial Corporation
                                           11100 Wayzata Blvd., Ste. 111
                                           Minnetonka, MN 55305
                                           Attn:  President and CEO
                                           Tel:   (952) 541-0455
                                           Fax:   (    )

              With copies to:              William M. Mower, Esq.
                                           Maslon Edelman Borman & Brand, LLP
                                           3300 Wells Fargo Center
                                           90 South Seventh Street
                                           Minneapolis, MN  55402
                                           Tel:  (612) 672-8358
                                           Fax:  (612) 642-8358

              If to Seaside:               Seaside Investments PLC
                                           30 Farringdon Street
                                           London EC4A 4HJ
                                           Attn: Harry Pearl
                                           Tel: 44.207.569.0044
                                           Fax: 44.207.724.0090

                                       17
<PAGE>

              With copies to:              Gottbetter & Partners, LLP
                                           488 Madison Avenue, 12th Floor
                                           New York, NY 10022
                                           Attn:  Adam S. Gottbetter, Esq.
                                           Tel:  (212) 400-6900
                                           Fax:  (212) 400-6901

or such other address as may be designated hereafter by notice given pursuant to
the terms of this Section 5.3.

         5.4 Amendments;  Waivers.  No provision of this Agreement may be waived
or amended except in a written  instrument  signed, in the case of an amendment,
by both the Target  Company  and  Seaside,  or, in the case of a waiver,  by the
party against whom  enforcement  of any such waiver is sought.  No waiver of any
default  with  respect  to any  provision,  condition  or  requirement  of  this
Agreement shall be deemed to be a continuing waiver in the future or a waiver of
any other  provision,  condition or requirement  hereof,  nor shall any delay or
omission of either  party to exercise any right  hereunder in any manner  impair
the exercise of any such right accruing to it thereafter.

         5.5  Headings.  The headings  herein are for  convenience  only, do not
constitute a part of this  Agreement  and shall not be deemed to limit or affect
any of the provisions hereof.

         5.6  Successors and Assigns.  This Agreement  shall be binding upon and
inure  to the  benefit  of the  parties  and  their  respective  successors  and
permitted  assigns.  The  assignment by a party of this  Agreement or any rights
hereunder shall not affect the obligations of such party under this Agreement.

         5.7 No Third Party  Beneficiaries.  This  Agreement is intended for the
benefit of the parties  hereto and their  respective  permitted  successors  and
assigns and is not for the benefit of, nor may any provision  hereof be enforced
by, any other person.

         5.8  Governing  Law;  Venue;  Service of Process.  The  parties  hereto
acknowledge  that  the  transactions  contemplated  by  this  Agreement  and the
exhibits hereto bear a reasonable relation to the State of New York. The parties
hereto agree that the  internal  laws of the State of New York shall govern this
Agreement  and the exhibits  hereto,  including,  but not limited to, all issues
related to usury.  Any action to enforce the terms of this  Agreement  or any of
its exhibits,  or any other Transaction Document shall be brought exclusively in
the state and/or federal courts situated in the County and State of New York. If
and only if New York declines  jurisdiction  within the State of New York,  such
action  shall be  brought in the State and  County  where the  Target  Company's
principal  place of  business is  situated.  Service of process in any action by
Seaside or the Target Company to enforce the terms of this Agreement may be made
by  serving  a copy of the  summons  and  complaint,  in  addition  to any other
relevant  documents,  by commercial  overnight courier to the other party at its
principal address set forth in this Agreement.

                                       18
<PAGE>

         5.9 Survival.  The representations and warranties of the Target Company
and Seaside  contained in Article III and the  agreements  and  covenants of the
parties contained in Article IV and this Article V shall survive the Closing.

         5.10 Counterpart  Signatures.  This Agreement may be executed in two or
more counterparts,  all of which when taken together shall be considered one and
the same agreement and shall become effective when counterparts have been signed
by each party and delivered to the other party,  it being  understood  that both
parties need not sign the same  counterpart.  In the event that any signature is
delivered by facsimile  transmission,  such  signature  shall create a valid and
binding  obligation of the party executing (or on whose behalf such signature is
executed) the same with the same force and effect as if such facsimile signature
page were an original thereof.

         5.11 Publicity.  The Target Company and Seaside shall consult with each
other in issuing any press releases or otherwise  making public  statements with
respect to the  transactions  contemplated  hereby and neither party shall issue
any such press release or otherwise make any such public  statement  without the
prior written  consent of the other,  which  consent  shall not be  unreasonably
withheld or delayed,  unless counsel for the disclosing  party deems such public
statement to be required by applicable  federal  and/or state  securities  laws.
Except as otherwise required by applicable law or regulation, the Target Company
will not disclose to any third party  (excluding its legal counsel,  accountants
and representatives) the name of Seaside.

         5.12  Severability.  In case any one or more of the  provisions of this
Agreement  shall be invalid or  unenforceable  in any respect,  the validity and
enforceability of the remaining terms and provisions of this Agreement shall not
in any way be affected or impaired thereby and the parties will attempt to agree
upon a valid and enforceable  provision  which shall be a reasonable  substitute
therefore,  and upon so agreeing, shall incorporate such substitute provision in
this Agreement.

         5.13  Limitation  of  Remedies.  With  respect  to claims by the Target
Company or any person acting by or through the Target Company,  or by Seaside or
any person acting through Seaside,  for remedies at law or at equity relating to
or arising out of a breach of this  Agreement,  liability,  if any, shall, in no
event,  include loss of profits or incidental,  indirect,  exemplary,  punitive,
special or consequential damages of any kind.

                           [ SIGNATURE PAGE FOLLOWS ]

                                       19
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the date first indicated above.

                                         Target Company:

                                         FastFunds Financial Corporation

                                         By: /s/ Ijaz Anwar
                                             ------------------------------
                                             Name:  Ijaz Anwar
                                             Title: President

                                         Seaside:

                                         Dungarvon Associates, Inc. on behalf of
                                         Seaside Investments Plc.

                                         By: /s/
                                             ------------------------------
                                             Name:
                                                  -------------------------
                                             Title:
                                                   ------------------------

                                       20
<PAGE>

Pursuant to Item 601(b) of Regulation S-K,  certain  Schedules have been omitted
from this Agreement.  The Registrant will furnish a copy of any omitted Schedule
to the Commission upon request.

Schedules:
Schedule 3.1(a)   Subsidiaries
Schedule 3.1(c)   Capitalization and Registration Rights
Schedule 3.1(d)   Equity and Equity Equivalent Securities
Schedule 3.1(e)   Conflicts
Schedule 3.1(f)   Consents and Approvals
Schedule 3.1(g)   Litigation
Schedule 3.1(h)   Defaults and Violations

The following  Exhibits have been omitted,  but are filed as a separate exhibits
to this Form 8-K:

Exhibit A
Exhibit C

                                       21
<PAGE>

                                    EXHIBIT B

                         FASTFUNDS FINANCIAL CORPORATION

                              OFFICER'S CERTIFICATE

         I, Ijaz Anwar, being the President of FastFunds Financial  Corporation,
a Nevada corporation (the "Target  Company"),  pursuant to Section 2.2(a)(ii) of
that certain Stock Purchase  Agreement (the "Purchase  Agreement"),  dated as of
August 13, 2004, by and between the Target Company and Seaside  Investments PLC,
do hereby certify on behalf of the Target Company that attached hereto is a copy
of the resolutions  duly adopted by the Board of Directors of the Target Company
authorizing the Target Company to execute and deliver the Transaction Documents,
as such  term is  defined  in the  Purchase  Agreement  and to  enter  into  the
transactions contemplated thereby.

         IN WITNESS  WHEREOF,  I have executed  this  Officer's  Certificate  on
behalf of the Target Company this 13th day of August, 2004.

                                               FASTFUNDS FINANCIAL CORPORATION

                                               By:
                                                   ---------------------------
                                                   Ijaz Anwar, President

                                      B-1

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