Document:

STOCK PURCHASE AGREEMENT

         This Stock  Purchase  Agreement is entered into and effective as of the
___ day of July,  2000,  by and among  Logio,  Inc., a Nevada  corporation  (the
"Company"),  and the persons and  entities  listed on the  Schedule of Investors
attached hereto as Schedule "A"  (collectively,  the "Investors," and severally,
the "Investor").

         For good and valuable  consideration,  the receipt and  sufficiency  of
which are hereby acknowledged, the Company and the Investors agree as follows:

         1.  Authorization  of Sale of the  Shares.  Subject  to the  terms  and
conditions of this  Agreement,  the Company has authorized the sale of 2,000,000
shares (the "Shares") of common stock, par value US$0.001 per share (the "Common
Stock"), of the Company.

         2.  Agreement to Sell and Purchase the Shares;  Escrow.  At the Closing
(as  defined in Section  3), the Company  will sell to the  Investors,  and each
Investors will buy from the Company,  upon the terms and conditions  hereinafter
set forth, the Shares set forth opposite such Investor's name on Schedule A at a
purchase price of $.70 per share, and an aggregate purchase price of $1,400,000.
On or before July 31, 2000,  each Investor shall deposit into an escrow account,
pursuant  and  subject  to the  terms and  conditions  of the  Escrow  Agreement
attached  hereto as Exhibit 1, an amount equal to the  purchase  price per share
multiplied by the number of Shares such Investor shall buy from the Company.

         3.  Delivery  of the  Shares  at the  Closing.  The  completion  of the
purchase  and  sale  of the  Shares  (the  "Closing")  shall  occur  as  soon as
practicable  and as agreed by the parties hereto  following  notification by the
staff of the U.S.  Securities and Exchange  Commission (the "Commission") to the
Company  of the  staff's  willingness  to  declare  effective  the  registration
statement  to be filed by the  Company  pursuant  to  Section  7.1  hereof  (the
"Registration  Statement") at a place and time (the "Closing Date") to be agreed
upon by the Company and the Investors.

         At the Closing, the Company shall deliver to the Escrow Agent in behalf
of each Investor one or more stock  certificates  registered in the name of such
Investor,  or in such nominee  name(s) as may be  designated by such Investor in
writing,  representing  the Shares  purchased  by such  Investor  and bearing an
appropriate  legend  referring to the fact that the Shares were sold in reliance
upon the  exemption  from  registration  under the  Securities  Act of 1933,  as
amended  (the  "Securities  Act")  provided by Section 4(2) thereof and Rule 506
thereunder.  The  Company  will  promptly  substitute  one or  more  replacement
certificates  without  the  legend  at such time as the  Registration  Statement
becomes  effective.  The  name(s)  in which  the  stock  certificates  are to be
registered are set forth in the Stock Certificate  Questionnaire attached hereto
as part of Appendix I. The  Company's  obligation  to complete  the purchase and
sale of the Shares and deliver such stock certificate(s) to the Investors at the
Closing shall be subject to the following  conditions,  any one or more of which
may be waived by the  Company:  (a) receipt by the Company of same-day  funds in
the full amount of the purchase price for the Shares being purchased  hereunder;
and (b) the accuracy of the representations and warranties made by the Investors
and the fulfillment of those undertakings of the Investors to be fulfilled prior
to the Closing.  The  Purchaser's  obligation  to accept  delivery of such stock
certificate(s)  and to pay for the Shares evidenced  thereby shall be subject to
the following  conditions:  (a) the staff of the Commission  having notified the
Company  of the  staff's  willingness  to  declare  the  Registration  Statement
effective on or prior to the 60th day after the date the Registration  Statement
was filed by the Company;  and (b) the accuracy in all material  respects of the
representations and warranties made by the Company herein and the fulfillment in
all material respects of those undertakings of the Company to be fulfilled prior
to  Closing,  including  the  Company's  undertaking  to  prepare  and  file the
Registration Statement pursuant to Section 7.1(a) hereof.

         4.  Representations,  Warranties  and  Covenants  of the  Company.  The
Company hereby represents and warrants to, and covenants with, the Investors, as
of the date hereof and as of the Closing, as follows:

                  4.1   Organization  and   Qualification.   The  Company  is  a
corporation duly organized, validly existing and in good standing under the laws
of the State of Nevada.  The  Company  has no  subsidiaries  (as  defined in the
Securities  Act).  The  Company  has  the  power  and  authority,  corporate  or
otherwise,  as  appropriate,  to own,  lease and operate its  properties  and to
conduct its  business as currently  conducted  and to enter into and perform its
obligations  under this  Agreement.  The Company is duly  qualified as a foreign
corporation  or other  appropriate  entity to transact  business  and is in good
standing in each jurisdiction in which such  qualification is required,  whether
by reason of the  ownership  or leasing of property or the conduct of  business,
except  where  the  failure  to so  qualify  would  not  individually  or in the
aggregate  have a  material  adverse  effect  on  the  condition  (financial  or
otherwise),  earnings, properties,  business, prospects or results of operations
of the Company (a "Material Adverse Effect").

                  4.2  Authorized  Capital  Stock.  The issued  and  outstanding
shares of the  Company's  Common  Stock have been duly  authorized  and  validly
issued,  are fully paid and  nonassessable,  have been issued in compliance with
all U.S.  federal and state securities laws, and were not issued in violation of
or are not otherwise  subject to any preemptive or other similar rights or other
rights to subscribe for or purchase securities.  Except as set forth on Schedule
4.2, the Company does not have  outstanding any options or warrants to purchase,
or any  preemptive  rights or other rights to subscribe for or to purchase,  any
securities or obligations  convertible  into, or any contracts or commitments to
issue or sell, shares of its capital stock or any shares of capital stock of any
subsidiary  and  there  is no  commitment,  plan or  arrangement  to  issue  any
securities or  obligations  convertible  into any shares of capital stock of the
Company or any such options, rights, convertible securities or obligations.

                  4.3 Issuance, Sale and Delivery of the Shares. The Shares have
been duly authorized and, when issued,  delivered and paid for in the manner set
forth in this Agreement, will be duly authorized, validly issued, fully paid and
nonassessable. No preemptive rights or other rights to subscribe for or purchase
exist  with  respect  to the  issuance  and sale of the  Shares  by the  Company
pursuant to this Agreement.  Except for rights disclosed in the Company's Annual
Report on Form 10-K for the fiscal year ended  December  31,  1999 (the  "Annual
Report"), no stockholder of the Company has any right (which has not been waived
or has not  expired  by reason of lapse of time  following  notification  of the
Company's intent to file the  Registration  Statement) to request or require the
Company to register the sale of any shares owned by such  stockholder  under the
Securities Act in the Registration  Statement.  No further approval or authority
of the  stockholders  or the Board of  Directors of the Company will be required
for  the  issuance  and  sale  of  the  Shares  to be  sold  by the  Company  as
contemplated herein.

                  4.4 Due Execution, Delivery and Performance of the Agreements.
The Company has full legal right,  corporate  power and  authority to enter into
the Agreements and perform the transactions contemplated hereby and thereby. The
Agreements have been duly authorized, executed and delivered by the Company. The
execution,  delivery and  performance  of the  Agreements by the Company and the
consummation  of the  transactions  herein  and  therein  contemplated  will not
violate any  provision of the  organizational  documents of the Company and will
not result in the creation of any lien, charge, security interest or encumbrance
upon any assets or property of the Company  pursuant to the terms or  provisions
of,  or will not  conflict  with,  result  in the  breach  or  violation  of, or
constitute,  either by itself or upon notice or the  passage of time or both,  a
default under any agreement, mortgage, deed of trust, lease, franchise, license,
indenture,  permit or other  instrument  to which the  Company  is a party or by
which the Company or any of their  respective  assets or properties may be bound
or affected or, to the Company's  knowledge,  any statute or any  authorization,
judgment, decree, order, rule or regulation of any court or any regulatory body,
administrative  agency or other  governmental  body applicable to the Company or
any of their respective properties. No consent, approval, authorization or other
order of any court, regulatory body, administrative agency or other governmental
body is required for the execution,  delivery and  performance of the Agreements
or the consummation of the transactions  contemplated hereby or thereby,  except
for  compliance  with  the  Blue Sky  laws  and  U.S.  federal  securities  laws
applicable to the offering of the Shares. Upon their execution and delivery, and
assuming the valid  execution  thereof by the  Investors,  the  Agreements  will
constitute legal, valid and binding  obligations of the Company,  enforceable in
accordance with their respective terms,  except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting  creditors'  rights  generally  and  except as  enforceability  may be
subject  to  general   principles   of  equity   (regardless   of  whether  such
enforceability  is considered in a proceeding in equity or at law) and except as
the  indemnification  agreements  of the  Company in  Section  7.3 hereof may be
legally unenforceable.

                  4.5 Accountants.  Grant Thornton LLP has expressed its opinion
with respect to the audited consolidated financial statements to be incorporated
by reference into the  Registration  Statement and the Prospectus  which forms a
part thereof from the Company's Annual Report,  and are independent  accountants
as  required by the  Securities  Act and the rules and  regulations  promulgated
thereunder (the "Rules and Regulations").

                  4.6 No  Defaults.  The  Company  is not  (i) in  violation  or
default of any  provision  of its  articles  of  incorporation,  bylaws or other
organizational  documents,  or (ii) in breach of or default  with respect to any
provision of any agreement,  judgment,  decree, order, mortgage,  deed of trust,
lease, franchise,  license, indenture, permit or other instrument to which it is
a party or by which it or any of its assets or properties are bound,  except for
violations,  breaches and defaults which  individually or in the aggregate would
not have a Material  Adverse Effect;  and there does not exist any state of fact
which,  with  notice  or  lapse of time or both,  would  constitute  an event of
default on the part of the  Company as defined in such  documents,  except  such
defaults  which  individually  or in the  aggregate  would  not have a  Material
Adverse Effect.

                  4.7 No Actions.  There are no legal or  governmental  actions,
suits or proceedings pending or, to the Company's knowledge, threatened to which
the  Company  is or may be a party or of which  property  owned or leased by the
Company is or may be the subject,  or related to environmental or discrimination
matters, which actions, suits or proceedings,  individually or in the aggregate,
might prevent or might reasonably be expected to materially and adversely affect
the transactions  contemplated by this Agreement or result in a material adverse
change  in  the  condition  (financial  or  otherwise),   properties,  business,
prospects  or  results of the  operations  of the  Company,  taken as a whole (a
"Material  Adverse  Change");  and no labor  disturbance by the employees of the
Company  exists  or,  to  the  Company's  knowledge,  is  imminent  which  might
reasonably be expected to have a Material  Adverse Effect.  The Company is not a
party to or subject to the  provisions  of any  material  injunction,  judgment,
decree or order of any court,  regulatory  body  administrative  agency or other
governmental body.

                  4.8 Properties.  The Company has good and marketable  title to
all the properties and assets required for the continued conduct of its business
as described in the Annual Report, subject to no lien, mortgage,  pledge, charge
or encumbrance of any kind except (i) those, if any,  reflected in the Financial
Statements  (including the notes thereto),  or (ii) those which are not material
in amount and do not materially  and adversely  affect the use made and intended
to be made of such  property  by the  Company.  The  Company  holds  its  leased
properties  under  valid and binding  leases,  with such  exceptions  as are not
materially  significant  in relation to the business of the Company,  taken as a
whole.  The Company owns or leases all such  properties  as are necessary to its
operations as now conducted.

                  4.9 No  Material  Change.  Since  December  31,  1999  (i) the
Company  has  not  incurred  any  liabilities  or  obligations,   indirect,   or
contingent, or entered into any verbal or written agreement or other transaction
which is not in the  ordinary  course of business or which could  reasonably  be
expected to result in a material reduction in the future earnings of the Company
or in a Material  Adverse  Effect,  other  than as  disclosed  in the  Company's
Quarterly  Report on Form 10-Q for the quarter  ended March 31,  2000;  (ii) the
Company has not sustained any material loss or interference  with its businesses
or  properties  from fire,  flood,  windstorm,  accident or other  calamity  not
covered by  insurance;  (iii) the Company has not paid or declared any dividends
or other  distributions with respect to its capital stock and the Company is not
in default in the  payment of  principal  or interest  on any  outstanding  debt
obligations;  (iv)  there has not been any  change in the  capital  stock of the
Company,  other  than the sale of the  Shares  hereunder  and  shares or options
issued  pursuant to exercise of  outstanding  warrants or employee  and director
stock option plans approved by the Company's Board of Directors, or indebtedness
material to the Company (other than in the ordinary course of business); and (v)
there has not been a change that would result in a Material Adverse Change.

                  4.10 Intellectual  Property.  Except as otherwise disclosed in
the  filings  made by the  Company  with the SEC,  (i) the  Company  owns or has
obtained valid licenses,  options or rights to use for the material  inventions,
patent  applications,  patents,  trademarks (both registered and  unregistered),
trade  names,  copyrights  and trade  secrets  necessary  for the conduct of the
Company's  businesses as currently  conducted  (collectively,  the "Intellectual
Property");  (ii) the Company has not received  notice of any third  parties who
have any ownership rights to any Intellectual  Property that is owned by, or has
been  licensed to, the Company that would  preclude the Company from  conducting
its business as currently conducted;  (iii) to the Company's knowledge there are
currently no actions of the Company that would  constitute  an  infringement  by
third parties of any material  Intellectual Property owned, licensed or optioned
by the  Company;  (iv)  there is no  pending  or,  to the  Company's  knowledge,
threatened action, suit, proceeding or claim by others challenging the rights of
the  Company in or to any  material  Intellectual  Property  owned,  licensed or
optioned by the Company; (v) there is no pending or, to the Company's knowledge,
threatened action, suit,  proceeding or claim by others challenging the validity
or scope of any material  Intellectual  Property owned,  licensed or optioned by
the  Company;  and (vi)  there is no  pending  or, to the  Company's  knowledge,
threatened  action,  suit,  proceeding  or claim  by  others  that  the  Company
infringes or otherwise violates any patent, trademark,  copyright,  trade secret
or other  proprietary  right of others as would reasonably be expected to result
in a Material Adverse Effect.

                  4.11 Compliance.  The Company has not been advised, and has no
reason to believe, that it is not conducting its business in compliance with all
applicable  laws,  rules and  regulations  of the  jurisdictions  in which it is
conducting  business,  except  where  failure to be so in  compliance  would not
individually or in the aggregate have a Material Adverse Effect.

                  4.12 Books and Records. The books, records and accounts of the
Company  accurately and fairly reflect,  in reasonable  detail, the transactions
in, and  dispositions  of, the assets of, and the results of operations  of, the
Company, all to the extent required by generally accepted accounting principles.
The Company  maintains a system of internal  accounting  controls  sufficient to
provide  reasonable  assurances that (i) transactions are executed in accordance
with  management's  general or specific  authorizations,  (ii)  transactions are
recorded  as  necessary  to  permit  preparation  of  financial   statements  in
accordance with generally accepted  accounting  principles and to maintain asset
accountability,  (iii) access to assets is  permitted  only in  accordance  with
management's   general  or  specific   authorization   and  (iv)  the   recorded
accountability  for assets is compared  with the existing  assets at  reasonable
intervals and appropriate action is taken with respect to any differences.

         5.       Representations, Warranties and Covenants of the Investors.

                  (a) Each  Investor  represents  and warrants to, and covenants
with, the Company that: (i) such Investor is  knowledgeable,  sophisticated  and
experienced  in making,  and is  qualified  to make,  decisions  with respect to
investments in shares  representing an investment decision like that involved in
the purchase of the Shares,  including  investments in securities  issued by the
Company, and has requested, received, reviewed and considered all information it
deems relevant in making an informed decision to purchase the Shares;  (ii) such
Investor is acquiring the Shares in the ordinary  course of its business and for
its  own  account  for  investment  only  and  with  no  present   intention  of
distributing  any of such Shares or any  arrangement or  understanding  with any
other persons  regarding the  distribution  of such Shares within the meaning of
Section 2(11) of the  Securities  Act;  (iii) such Investor will not directly or
indirectly,  offer, sell,  pledge,  transfer or otherwise dispose of (or solicit
any offers to buy, purchase or otherwise acquire or take a pledge of) any of the
Shares  except  in  compliance  with  the  Securities  Act  and  the  Rules  and
Regulations  thereunder;  (iv)  such  Investor  has  completed  or  caused to be
completed the Registration  Statement  Questionnaire  and the Stock  Certificate
Questionnaire, both attached hereto as Appendix I, for use in preparation of the
Registration  Statement,  and the answers thereto are true and correct as of the
date  hereof  and  will be true  and  correct  as of the  effective  date of the
Registration Statement; and (v) such Investor is an "accredited investor" within
the meaning of Rule 501(a) of Regulation D promulgated under the Securities Act.

                  (b) Each  Investor  hereby  covenants  with the Company not to
make any sale of the Shares under the Registration Statement without effectively
causing the prospectus  delivery  requirement under the Securities Act, and each
Investor  acknowledges  and agrees that such Shares are not  transferable on the
books of the Company  unless the  certificate  submitted to the  transfer  agent
evidencing the Shares is accompanied by a separate officer's certificate: (i) in
the form of  Appendix  II  hereto,  (ii)  executed  by an  officer  of, or other
authorized person designated by, the Investors, and (iii) to the effect that (A)
the Shares have been sold in accordance  with the  Registration  Statement,  the
Securities Act and the Rules and Regulations and any applicable state securities
or blue sky laws and (B) the requirement of delivering a current  prospectus has
been satisfied.  Each Investor acknowledges that there may occasionally be times
when the Company  must suspend the use of the  prospectus  forming a part of the
Registration  Statement  until such time as an  amendment or  supplement  to the
Registration  Statement or the  Prospectus has been filed by the Company and any
such  amendment  to the  Registration  Statement  is declared  effective  by the
Commission,  or until such time as the Company has filed an  appropriate  report
with the Commission pursuant to the Exchange Act. Each Investor hereby covenants
that it will not sell any Shares pursuant to said  prospectus  during the period
commencing at the time at which the Company gives the Investors  written  notice
of the  suspension  of the use of said  prospectus  and  ending  at the time the
Company gives the  Investors  written  notice that the Investors may  thereafter
effect sales pursuant to said  prospectus.  Each Investor  further  covenants to
notify the Company promptly of the sale of all of its Shares.

                  (c) Each  Investor  further  represents  and  warrants to, and
covenants  with,  the Company  that (i) such  Investor  has full  right,  power,
authority  and  capacity  to enter into this  Agreement  and to  consummate  the
transactions  contemplated  hereby and has taken all necessary action,  obtained
all necessary  consents and has satisfied or will satisfy all  notification  and
filing  requirements   necessary  to  authorize  the  execution,   delivery  and
performance of this Agreement by such Investor,  and (ii) upon the execution and
delivery of this Agreement,  this Agreement shall constitute a legal,  valid and
binding  obligation of such Investor,  enforceable in accordance with its terms,
except as enforceability  may be limited by applicable  bankruptcy,  insolvency,
reorganization, moratorium or similar laws affecting creditors' rights generally
and except as  enforceability  may be subject  to general  principles  of equity
(regardless  of whether such  enforceability  is  considered  in a proceeding in
equity or at law) and except as the indemnification  agreements of the Investors
in Section 7.3 hereof may be legally unenforceable.

         6.   Survival   of   Representations,    Warranties   and   Agreements.
Notwithstanding  any  investigation  made by any  party to this  Agreement,  all
covenants,  agreements,  representations  and warranties made by the Company and
the Investors herein and in the  certificates for the Shares delivered  pursuant
hereto  shall  survive the  execution  of this  Agreement,  the  delivery to the
Investors of the Shares being purchased and the payment therefor.

         7.      Registration of the Shares; Compliance with the Securities Act.

                  7.1  Registration Procedures and Expenses.  The Company shall:

                  (a)  as  soon  as  practicable,  prepare  and  file  with  the
Commission  the  Registration  Statement on Form S-1 relating to the sale of the
Shares by the Investors  from time to time on the  facilities of any  securities
exchange   on  which  the   Company's   Common   Stock  is  then  traded  or  in
privately-negotiated transactions;

                  (b)  use  its  reasonable  efforts,   subject  to  receipt  of
necessary information from the Purchasers,  to cause the staff of the Commission
to notify the Company of the  staff's  willingness  to declare the  Registration
Statement effective within 60 days after the Registration  Statement is filed by
the Company;

                  (c) prepare and file with the Commission  such  amendments and
supplements to the Registration  Statement and the prospectus used in connection
therewith as may be necessary to keep the Registration Statement effective until
the  earlier  of (i) two years  after  the  effective  date of the  Registration
Statement  or (ii) the date on which the Shares may be resold by the  Purchasers
without  registration  by reason of Rule 144(k) under the  Securities Act or any
other rule of similar effect;

                  (d)  furnish  to the  Investors  with  respect  to the  Shares
registered under the Registration Statement (and to each underwriter, if any, of
such Shares) such number of copies of  prospectuses  and such other documents as
the Investors may reasonably  request, in order to facilitate the public sale or
other  disposition  of all or any of  the  Shares  by the  Investors;  provided,
however, that the obligation of the Company to deliver copies of prospectuses to
the  Investors  shall be subject to the  receipt  by the  Company of  reasonable
assurances from the Investors that the Investors will comply with the applicable
provisions of the Securities  Act and of such other  securities or blue sky laws
as may be applicable in connection with any use of such prospectuses;

                  (e) file documents required of the Company for normal blue sky
clearance in states  specified in writing by the Investors;  provided,  however,
that the  Company  shall not be required to qualify to do business or consent to
service of process in any  jurisdiction  in which it is not now so  qualified or
has not so consented; and

                  (f) bear all expenses in  connection  with the  procedures  in
paragraphs  (a) through  (e) of this  Section  7.1 and the  registration  of the
Shares pursuant to the Registration Statement,  other than fees and expenses, if
any, of counsel or other  advisers to the Investors or  underwriting  discounts,
brokerage fees and commissions incurred by the Investors, if any.

                  7.2  Transfer  of Shares  After  Registration.  The  Investors
agrees  that it will not  effect any  disposition  of the Shares or its right to
purchase  the Shares  that would  constitute  a sale  within the  meaning of the
Securities Act, except as contemplated in the Registration Statement referred to
in Section 7.1, and that it will  promptly  notify the Company of any changes in
the information set forth in the Registration  Statement regarding the Investors
or its plan of distribution.

                  7.3      Indemnification. For the purpose of this Section 7.3:

                           (i) the  term  "Investors/Affiliate"  shall  mean the
Investors  and any person  who  controls  the  Investors  within the  meaning of
Section 15 of the Securities Act; and

                           (ii) the term "Registration  Statement" shall include
any final prospectus,  exhibit,  supplement or amendment included in or relating
to the Registration Statement referred to in Section 7.1.

                  (a) The Company  agrees to  indemnify  and hold  harmless  the
Investors  and each  Investor/Affiliate,  against any losses,  claims,  damages,
liabilities  or  expenses,  joint or  several,  to  which  the  Investors  or an
Investor/Affiliate  may become subject, under the Securities Act, the Securities
Exchange Act of 1934, as amended, or any other federal or state statutory law or
regulation,  or at common  law or  otherwise  (including  in  settlement  of any
litigation,  if such  settlement  is effected  with the  written  consent of the
Company),  insofar as such losses, claims, damages,  liabilities or expenses (or
actions in respect thereof as contemplated below) arise out of or are based upon
any untrue  statement or alleged untrue statement of any material fact contained
in the Registration  Statement,  including the prospectus,  financial statements
and schedules,  and all other documents  filed as a part thereof,  as amended at
the  time  of  effectiveness  of  the  Registration  Statement,   including  any
information deemed to be a part thereof as of the time of effectiveness pursuant
to  paragraph  (b) of Rule  430A,  or  pursuant  to Rule  434,  of the Rules and
Regulations,  or the  prospectus,  in the form first  filed with the  Commission
pursuant to Rule 424(b) of the Regulations, or filed as part of the Registration
Statement at the time of effectiveness if no Rule 424(b) filing is required (the
"Prospectus"),  or any amendment or supplement  thereto,  or arise out of or are
based upon the  omission or alleged  omission to state in any of them a material
fact required to be stated therein or necessary to make the statements in any of
them not misleading in light of the circumstances under which they were made, or
arise  out of or are  based  in  whole  or in  part  on  any  inaccuracy  in the
representations  and warranties of the Company  contained in this Agreement,  or
any failure of the Company to perform its  obligations  hereunder  or under law,
and will reimburse the Investors and each such  Investor/Affiliate for any legal
and other expenses as such expenses are reasonably  incurred by the Investors or
such Investor/Affiliate in connection with investigating,  defending,  settling,
compromising  or paying  any such loss,  claim,  damage,  liability,  expense or
action; provided,  however, that the Company will not be liable in any such case
to the extent that any such loss, claim, damage, liability or expense arises out
of or is based upon (i) an untrue  statement  or  alleged  untrue  statement  or
omission or alleged omission made in the Registration Statement,  the Prospectus
or any amendment or supplement  thereto in reliance upon and in conformity  with
written information  furnished to the Company by the Investors expressly for use
therein,  or (ii) the failure of the  Investors to comply with the covenants and
agreements  contained in Sections 5(b) or 7.2 hereof  respecting the sale of the
Shares,  or (iii) the inaccuracy of any  representations  made by such Investors
herein or (iv) any statement or omission in any Prospectus  that is corrected in
any  subsequent  Prospectus  that was  delivered to the  Investors  prior to the
pertinent sale or sales by the Investors.

                  (b)  The  Investors  will  indemnify  and  hold  harmless  the
Company, each of its directors, each of its officers who signed the Registration
Statement and each person,  if any, who controls the Company  within the meaning
of the  Securities  Act against  any losses,  claims,  damages,  liabilities  or
expenses to which the Company,  each of its directors,  each of its officers who
signed the  Registration  Statement or  controlling  person may become  subject,
under the  Securities  Act,  the  Exchange  Act,  or any other  federal or state
statutory  law or  regulation,  or at  common  law or  otherwise  (including  in
settlement of any  litigation,  if such  settlement is effected with the written
consent of such Investor) insofar as such losses, claims,  damages,  liabilities
or expenses (or actions in respect thereof as  contemplated  below) arise out of
or are based upon (i) any failure to comply with the  covenants  and  agreements
contained in Sections  5(b) or 7.2 hereof  respecting  the sale of the Shares or
(ii) the inaccuracy of any representation  made by the Investors herein or (iii)
any untrue or alleged  untrue  statement of any material  fact  contained in the
Registration Statement, the Prospectus,  or any amendment or supplement thereto,
or arise out of or are based  upon the  omission  or alleged  omission  to state
therein a material fact  required to be stated  therein or necessary to make the
statements  therein not misleading,  in each case to the extent, but only to the
extent,  that such untrue  statement or alleged untrue  statement or omission or
alleged omission was made in the Registration Statement, the Prospectus,  or any
amendment or supplement thereto, in reliance upon and in conformity with written
information  furnished to the Company by or on behalf of the Investors expressly
for use therein, and will reimburse the Company, each of its directors,  each of
its officers who signed the Registration Statement or controlling person for any
legal  and  other  expense  reasonably  incurred  by the  Company,  each  of its
directors,  each of its  officers  who  signed  the  Registration  Statement  or
controlling  person  in  connection  with  investigating,  defending,  settling,
compromising  or paying  any such loss,  claim,  damage,  liability,  expense or
action.

                  (c) Promptly after receipt by an indemnified  party under this
Section  7.3 of  notice  of the  threat  or  commencement  of any  action,  such
indemnified  party will, if a claim in respect  thereof is to be made against an
indemnifying party under this Section 7.3 promptly notify the indemnifying party
in writing thereof;  but the omission so to notify the  indemnifying  party will
not relieve it from any liability which it may have to any indemnified party for
contribution or otherwise than under the indemnity  agreement  contained in this
Section 7.3 or to the extent it is not  prejudiced  as a result of such failure.
In case any such  action  is  brought  against  any  indemnified  party and such
indemnified party seeks or intends to seek indemnity from an indemnifying party,
the  indemnifying  party will be entitled to participate  in, and, to the extent
that  it may  wish,  jointly  with  all  other  indemnifying  parties  similarly
notified, to assume the defense thereof with counsel reasonably  satisfactory to
such indemnified party; provided,  however, if the defendants in any such action
include  both  the  indemnified  party  and  the  indemnifying   party  and  the
indemnified  party shall have reasonably  concluded that there may be a conflict
between the positions of the  indemnifying  party and the  indemnified  party in
conducting  the defense of any such  action or that there may be legal  defenses
available to it and/or other  indemnified  parties which are  different  from or
additional to those available to the indemnifying  party, the indemnified  party
or parties shall have the right to select separate  counsel to assume such legal
defenses and to otherwise participate in the defense of such action on behalf of
such indemnified party or parties.  Upon receipt of notice from the indemnifying
party to such indemnified party of its election so to assume the defense of such
action and approval by the indemnified party of counsel,  the indemnifying party
will not be liable to such  indemnified  party  under this  Section  7.3 for any
legal or other  expenses  subsequently  incurred  by such  indemnified  party in
connection with the defense thereof unless (i) the indemnified  party shall have
employed such counsel in  connection  with the  assumption of legal  defenses in
accordance  with the proviso to the  preceding  sentence  (it being  understood,
however,  that the  indemnifying  party shall not be liable for the  expenses of
more than one separate counsel,  approved by such indemnifying party in the case
of paragraph (a), representing all of the indemnified parties who are parties to
such  action,  or (ii) the  indemnified  party shall not have  employed  counsel
reasonably  satisfactory to the  indemnified  party to represent the indemnified
party within a reasonable time after notice of  commencement of action,  in each
of which  cases the  reasonable  fees and  expenses  of counsel  shall be at the
expense of the indemnifying party.

                  (d) If the indemnification provided for in this Section 7.3 is
required  by its  terms  but is for  any  reason  held to be  unavailable  to or
otherwise  insufficient to hold harmless an indemnified  party under  paragraphs
(a), (b) or (c) of this Section 7.3 in respect to any losses,  claims,  damages,
liabilities or expenses  referred to herein,  then each applicable  indemnifying
party shall contribute to the amount paid or payable by such  indemnified  party
as a result of any losses, claims, damages,  liabilities or expenses referred to
herein (i) in such proportion as is appropriate to reflect the relative benefits
received by the Company and the Investors  from the placement of Common Stock or
(ii) if the  allocation  provided  by  clause  (i)  above  is not  permitted  by
applicable  law, in such  proportion as is  appropriate  to reflect not only the
relative  benefits referred to in clause (i) above but the relative fault of the
Company and the  Investors in  connection  with the  statements  or omissions or
inaccuracies  in the  representations  and  warranties  in this  Agreement  that
resulted in such losses,  claims,  damages,  liabilities or expenses, as well as
any other relevant equitable  considerations.  The relative benefits received by
the Company on the one hand and the Investors on the other shall be deemed to be
in the same  proportion  as the  amount  paid by the  Investors  to the  Company
pursuant to this  Agreement for the Shares  purchased by the Investors that were
sold  pursuant  to the  Registration  Statement  bears  to the  difference  (the
"Difference")  between  the amount the  Investors  paid for the Shares that were
sold  pursuant  to the  Registration  Statement  and the amount  received by the
Investors  from such sale. The relative fault of the Company on the one hand and
the  Investors on the other shall be  determined  by  reference  to, among other
things,  whether  the untrue or  alleged  statement  of a  material  fact or the
omission or alleged  omission to state a material fact or the  inaccurate or the
alleged  inaccurate   representation  and/or  warranty  relates  to  information
supplied by the Company or by the  Investors and the parties'  relative  intent,
knowledge,  access to  information  and  opportunity  to correct or prevent such
statement or omission.  The amount paid or payable by a party as a result of the
losses,  claims,  damages,  liabilities and expenses  referred to above shall be
deemed to include, subject to the limitations set forth in paragraph (c) of this
Section  7.3,  any legal or other fees or expenses  reasonably  incurred by such
party in connection  with  investigating  or defending any action or claim.  The
provisions  set forth in  paragraph  (c) of this Section 7.3 with respect to the
notice of the threat or  commencement  of any threat or action  shall apply if a
claim  for  contribution  is to be made  under  this  paragraph  (d);  provided,
however,  that no additional notice shall be required with respect to any threat
or action for which  notice has been given under  paragraph  (c) for purposes of
indemnification.  The Company and the Investors  agree that it would not be just
and  equitable  if  contribution  pursuant to this  Section 7.3 were  determined
solely by pro rata  allocation or by any other method of  allocation  which does
not take account of the equitable  considerations referred to in this paragraph.
Notwithstanding  the provisions of this Section 7.3, the Investors  shall not be
required  to  contribute  any  amount  in  excess  of the  amount  by which  the
Difference  exceeds the amount of any damages that the  Investors  has otherwise
been  required to pay by reason of such untrue or alleged  untrue  statement  or
omission or alleged omission.  No person guilty of fraudulent  misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution   from  any  person   who  was  not   guilty  of  such   fraudulent
misrepresentation.

                  7.4   Termination   of   Conditions   and   Obligations.   The
restrictions  imposed by Section 5 or this Section 7 upon the transferability of
the Shares shall cease and terminate as to any  particular  number of the Shares
on the date all such Shares are  eligible  for sale under Rule 144(k) or at such
time as an opinion of counsel  satisfactory in form and substance to the Company
shall have been rendered to the effect that such conditions are not necessary in
order to comply with the Securities Act.

                  7.5  Information  Available.   So  long  as  the  Registration
Statement is effective covering the resale of Shares owned by the Investors, the
Company will furnish to the Investors:

                  (a) as soon as practicable after available (but in the case of
the Company's  Annual Report to  Stockholders,  within 120 days after the end of
each  fiscal  year  of the  Company),  one  copy  of (i) its  Annual  Report  to
Stockholders (which Annual Report shall contain financial  statements audited in
accordance with generally accepted  accounting  principles by a national firm of
certified public  accountants),  (ii) if not included in substance in the Annual
Report to  Stockholders,  its Annual  Report on Form 10-K,  (iii) its  Quarterly
Reports on Form 10-Q,  (iv) its Current Reports on Form 8-K, and (v) a full copy
of the particular  Registration Statement covering the Shares (the foregoing, in
each case, excluding exhibits);

                  (b) upon the reasonable request of the Investors, all exhibits
excluded by the parenthetical to subparagraph (a)(v) of this Section 7.5;

                  (c) upon the reasonable request of the Investors, a reasonable
number of copies of the prospectuses to supply to any other party requiring such
prospectuses; and

                  (d) upon the reasonable request of the Investors,  the Company
will  meet with the  Investors  or a  representative  thereof  at the  Company's
headquarters to discuss information  relevant for disclosure in the Registration
Statement   covering  the  Shares,   subject  to   appropriate   confidentiality
limitations as the Company may reasonably require.

                  7.6      Delay in Registration Statement.

                  (a) In the event the Registration Statement to be filed by the
Company pursuant to Section 7.1(a) hereof is not filed with the Commission on or
before  July  31,  2000,  and/or  the  Registration  Statement  is not  declared
effective by the  Commission on or before  September 30, 2000,  then the Company
will pay to each Investor (pro rated on a daily  basis),  as liquidated  damages
for such breach and not as a penalty,  five percent of the purchase  price to be
paid by such  Investor to the Company for every 30 calendar day period until the
Registration  Statement has been filed and/or declared effective,  respectively.
Such payment of the  liquidated  damages shall be made to the Investors in cash,
or in common  stock of the Company,  at the option of the  Company,  immediately
upon demand,  provided,  however,  that the payment of such  liquidated  damages
shall not relieve the Company from its  obligations  to register the Shares.  If
the  Registration  Statement  has not been filed on or before  July 31,  2000 or
declared  effective by the  Commission on or before  October 31, 2000,  then the
Investors shall have the right to terminate this agreement by providing  written
notice of termination to the Company. Said termination,  if it occurs, shall not
release the Company of the  liability to the investor for payment of  liquidated
damages. If the Company does not remit the damages to the Investors as set forth
herein,  the Company  will pay the  Investors  reasonable  costs of  collection,
including   attorneys  fees,  in  addition  to  the  liquidated   damages.   The
registration  of the Shares pursuant to this provision shall not affect or limit
the  Investors'  other  rights  or  remedies  as set  forth  in this  Agreement.
Notwithstanding  the  preceding  provisions,  in the event the  Investors do not
fully fund the  aggregate  purchase  price into the escrow  account  pursuant to
Section 2 hereof on or before July 31, 2000, the date by which the  Registration
Statement  is to be filed  and/or  declared  effective  shall be extended by the
number of days between July 31, 2000 and the date on which the escrow account is
fully funded.

                  (b) The Company agrees that it shall declare the  Registration
Statement  effective  within  three  business  days after being  informed by the
Commission  that it may do so. The Company  further agrees that it shall respond
to any  questions  and/or  comments  from the  Commission  which  relate  to the
Registration  Statement within five business days of receipt of such question or
comment.

         8. Notices.  All notices,  requests,  consents and other communications
hereunder  shall be in writing,  shall be mailed by  first-class  registered  or
certified  airmail,  confirmed  facsimile  or  nationally  recognized  overnight
express  courier  postage  prepaid,  and shall be deemed given when so mailed at
such  address or  addresses  as may have been  furnished  to the other  party in
writing.

         9.  Amendments.  This  Agreement may not be modified or amended  except
pursuant to an  instrument  in writing  signed by the Company and the  Investors
representing a majority of the Shares,  which  modification  or amendment  shall
affect and bind each party hereto.

         10.  Headings.  The headings of the various  sections of this Agreement
have been inserted for  convenience of reference only and shall not be deemed to
be part of this Agreement.

         11.  Severability.  In case any  provision  contained in this should be
invalid,  illegal or  unenforceable in any respect,  the validity,  legality and
enforceability of the remaining provisions contained herein shall not in any way
be affected or impaired thereby.

         12. Governing Law. This Agreement shall be governed by and construed in
accordance  with the laws of the State of Utah and the federal law of the United
States of America, without regard to conflicts of law provisions.

         13.  Counterparts.  This  Agreement  may be  executed  in  two or  more
counterparts, each of which shall constitute an original, but all of which, when
taken together, shall constitute but one instrument,  and shall become effective
when  one or more  counterparts  have  been  signed  by each  party  hereto  and
delivered to the other parties.

         In witness whereof, the parties hereto have caused this Agreement to be
executed by their duly authorized  representatives  as of the day and year first
above written.

         Logio, Inc.                             Mid-West First National Corp.

         By:                                     By:
             --------------------------------        -----------------------
                  Kenneth W. Bell,                   _____________________
                  Chief Executive Officer            _____________________

         Trans-Pacific Security Consultants, Inc.    CONDIV Investments, Inc.

         By:                                         By:
             ------------------------------             ----------------------

         Mutual Ventures Corporation

         By:
             -----------------------

<PAGE>

                                   Schedule A
                           to Stock Purchase Agreement
                 by and among Logio, Inc. and Certain Investors
                              dated June ___, 2000

        Investor                            Number of Shares   Purchase Price

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

Trans-Pacific Security Consultants, Inc.       500,000           $350,000
     61 Broadway, Suite 200
     New York, New York  10006

------------------------------------------- ----------------- ----------------
Mid West First National, Inc.                  500,000           $350,000
     295 Greenwich Street
     New York, New York  10007

------------------------------------------- ----------------- ----------------
CONDIV Investments, Inc.                       500,000           $350,000
     7 Piedmont Center, Suite 500
     Atlanta, Georgia  30305

------------------------------------------- ----------------- ----------------
Mutual Ventures Corporation                    500,000           $350,000
     1993 Dewer Drive, Suite 1-254
     Rock Springs, Wyoming  82901

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

<PAGE>

                                   LOGIO, INC.

                      REGISTRATION STATEMENT QUESTIONNAIRE

         In  connection  with the  preparation  of the  Registration  Statement,
please provide us with the following information:

         1._______Pursuant   to  the  "Selling   Stockholder"   section  of  the
Registration Statement, please state your or your organization's name exactly as
it should appear in the Registration Statement:

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

         2._______Please   provide  the  number  of  shares  that  you  or  your
organization  will  own  immediately  after  Closing,   including  those  Shares
purchased  by you or your  organization  pursuant  to this  Agreement  and those
shares purchased by you or your organization through other transactions:

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

         3._______Have  you or your  organization  had any  position,  office or
other material  relationship within the past three years with the Company or its
affiliates?

____________________________________Yes          _________No

         If yes, please indicate the nature of any such relationships below:

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

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

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

<PAGE>

                                   APPENDIX II

Thomas Eldredge
Chief Financial Officer
Logio, Inc.

                   PURCHASER'S CERTIFICATE OF SUBSEQUENT SALE

         The  undersigned,  an officer of, or other  person duly  authorized  by
Mid-West  First  National  Corp.  hereby  certifies that Mid-West First National
Corp. is the Investors of the shares evidenced by the attached certificate,  and
as such,  sold such shares on ________  [date] in accordance  with  Registration
Statement  number  _______  [fill  in  the  number  of  or  otherwise   identify
Registration  Statement] and the requirement of delivering a current  prospectus
by the Company has been complied with in connection with such sale.

                                 By:
                                    ------------------

<PAGE>

                                ESCROW AGREEMENT

         This Escrow  Agreement (the  "Agreement") is entered into and effective
as of the ___ day of July, 2000, by and among Logio,  Inc., a Nevada corporation
(the "Company"), Dan Jackson, an individual (the "Escrow Agent") and the persons
and entities listed on the Schedule of Investors  attached hereto as Exhibit "A"
(collectively,  the  "Investors,"  and  severally,  the  "Investor").  Terms not
otherwise herein defined shall have the respective meaning ascribed to such term
in the Purchase Agreement.

         A. The Company is offering  2,000,000  shares of its common stock,  par
value  $.001  per  share  (the  "Shares")  for an  aggregate  purchase  price of
$1,400,000 to the Investors pursuant to the terms of that certain Stock Purchase
Agreement of even date herewith (the "Purchase  Agreement"),  in compliance with
exemptions  afforded issuers of securities by Section 4(2) of the Securities Act
of 1933,  Regulation D promulgated  thereunder,  and applicable state securities
laws.

         B. The  purchase  price for the Shares  will be payable in cash  which,
pursuant  to the  terms of the  Purchase  Agreement,  will be  deposited  into a
interest  bearing,  segregated  bank account (the  "Escrow  Account")  until the
Company has caused to be declared effective a registration statement to be filed
by the Company pursuant to Section 7.1 of the Purchase Agreement.

         C. The Company and the Investors desire to appoint the Escrow Agent for
the Escrow  Account,  and the Escrow  Agent  desires  to  administer  the escrow
account upon the terms and conditions contained herein.

         Now,  therefore,  in consideration of the premises contained herein and
other good and valuable consideration,  the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows:

         1. Escrow  Account.  The Company and the Investors  hereby  appoint the
Escrow Agent as  depository  to hold funds  deposited by the  Investors  for the
purchase  of the Shares on the terms and subject to the  conditions  hereinafter
provided and in the Purchase Agreement, and the Escrow Agent hereby accepts such
appointment.

         2. Deposit of Purchase Amounts. The funds comprising the purchase price
for the  Shares  shall  be  deposited  with the  Escrow  Agent  directly  by the
Investors.  Each deposit  shall be  accompanied  by  information  regarding  the
Investor, including the Investor's name, address, manner of holding title (e.g.,
sole owner,  joint  tenancy or fiduciary  capacity),  the number of Shares being
purchased  and such other  matters as the Escrow  Agent may,  in his  reasonable
discretion,  request. The Escrow Agent shall place the purchase price amounts in
an interest bearing,  money market account for the benefit of the Company. It is
the Company's intent that all subscription funds deposited with the Escrow Agent
hereunder shall remain the property of the respective  Investors,  and shall not
be  subject  to any lien or charge  by the  Escrow  Agent,  or to  judgments  or
creditor claims against the Company, until such funds are released by the Escrow
Agent in a manner provided herein.  Notwithstanding  the preceding,  the Company
acknowledges  that the Escrow Agent cannot  guarantee  that the funds may not be
reached by  third-party  claimants and that,  should a third-party  make a claim
against some or all of the funds in the Escrow  Account,  the Escrow Agent shall
be obligated to and shall act in accordance with Section 5 hereof. The Investors
shall have no right to withdraw  their  purchase  price  subscriptions  from the
Escrow Account or to receive  interest on their  subscription  funds held by the
Escrow Agent during the term of the Escrow Account.

         3. Release of Funds. Upon notice and instruction to the Escrow Agent by
the Company that the registration  statement  contemplated by Section 7.1 of the
Purchase  Agreement has been declared  effective by the  Commission,  the Escrow
Agent shall,  immediately upon receipt of such  instruction,  deliver all funds,
including  all  interest  thereon,  if any,  to the  Company  in  cash or  other
immediately available funds.

         4. Escrow Agent's  Duties.  It is understood and agreed that the Escrow
Agent shall have no duties or responsibilities  except those expressly set forth
herein.  Except as otherwise  provided  herein,  the Escrow Agent shall take all
such  actions  as the  Company  reasonably  may  request  in writing in order to
effectuate the purposes of this Escrow Agreement.

         5. Reliance by Escrow Agent.  It is further understood and agreed that:

                  5.1 The Escrow  Agent shall be  protected  and acting upon any
notice, request, waiver, receipt,  certificate,  schedule,  approval, consent or
other paper  believed by the Escrow  Agent to be genuine and to be signed by the
proper party or parties.

                  5.2 The  Escrow  Agent  shall be deemed  conclusively  to have
given and delivered any notice required to be given or delivered by it hereunder
if the same is in writing,  signed by the Escrow Agent and mailed to the Company
at its address and in compliance with the notice requirements set forth herein.

                  5.3  The  Company  hereby  agrees  that  it  will   indemnify,
reimburse, defend and hold the Escrow Agent harmless for and against any and all
liability,  injury, damage, suit or claim relating to or arising from the Escrow
Agent's  performance  hereunder or its assertion of rights or privileges granted
hereby  to act or  refrain  from  acting,  other  than  for  acts or  assertions
constituting gross negligence, fraud, or willful misconduct, whether or not such
liability,  injury or damage is suffered by the  undersigned or any other person
interested  herein. Any  indemnification  provided hereby include the payment of
reasonable attorneys' fees.

                  5.4 The  Escrow  Agent  shall not be  liable  for any error of
judgment or for any act done or step taken or omitted by him in good  faith,  or
for any mistake of fact or law, or for anything which it may due or refrain from
doing in  connection  herewith,  except for his own gross  negligence,  fraud or
willful misconduct.

                  5.5 The Escrow  Agent shall be entitled to  compensation  from
the Company in accordance with Schedule "A" attached hereto.

                  5.6 The Escrow Agent shall be under no  obligation  or duty to
enforce the  collection  of any funds  delivered  by any  Investor to the Escrow
Agent hereunder, provided that the Escrow Agent promptly shall notify and return
to the Investor any check for subscription funds deposited with the Escrow Agent
upon which payment is refused.

                  5.7 The  Escrow  Agent  shall have no  responsibility  for the
validity  or  sufficiency  of this  Escrow  Agreement  or the  value,  validity,
genuineness  or  collection  of any  check for  payment  of  subscription  funds
deposited with the Escrow Agent hereunder.

                  5.8 The Escrow Agent and his agents and  employees  are acting
hereunder as a depository  only and are not  responsible or liable in any manner
whatsoever  for the  sufficiency,  correctness,  genuineness  or validity of any
document or instrument deposited with him hereunder or in connection herewith or
with respect to the form of execution of the same or the identity,  authority or
rights of any person executing or depositing the same.

                  5.9 The Escrow Agent shall not be required to take or be bound
by notice of any  default by any person or to take any  action  with  respect to
such default involving any expense or potential liability, unless notice of such
default in writing is given to the Escrow  Agent by the  Company  and unless the
Escrow Agent is  indemnified  in a manner  satisfactory  to him against any such
expense or liability.

                  5.10 In the  event of any  disagreement  between  the  parties
hereto or any other person interested herein or in the Escrow Account, resulting
in adverse  claims and demands being made in connection  with or for any papers,
money or property  involved herein,  the Escrow Agent shall be entitled,  at his
option,  to  refuse to  comply  with any such  claim or demand so long as such a
disagreement  shall  continue,  and in so refusing  the Escrow Agent may make no
delivery or other  disposition of any money,  papers or property involved herein
or  affected  hereby  and in so doing the  Escrow  Agent  shall not be or become
liable to the Company or to any other person named or referred to herein for his
failure or refusal to comply with such  conflicting or adverse  demand;  and the
Escrow  Agent  shall be  entitled to continue to refrain or refuse to act until:
(i) the rights of the adverse claimants have been finally adjudicated in a court
assuming  and having  jurisdiction  of the  parties  and the  money,  papers and
property  involved herein or affected hereby;  and/or (ii) all differences shall
have been  adjusted by agreement  and the Escrow Agent shall have been  notified
thereof in writing, signed by all of the interested parties.

         6.  Termination.  This Agreement  shall  terminate and be of no further
force or effect  (i) upon  written  notice  to the  Escrow  Agent by each  party
hereto,  or (ii) in the event that there is less than  $1,400,000  in the Escrow
Account on August  31,  2000,  upon  written  notice to the Escrow  Agent by the
Company.  Upon  termination  of this  Agreement by reason of this Section 6, all
amounts,  including any interest  thereon,  in the Escrow Account on the date of
termination  shall be  returned to the  Investors  in  proportion  to the amount
contributed by such Investor to the Escrow Account.

         7.  Notice.  Any  notices or  communications  pursuant  to this  Escrow
Agreement shall be sufficiently  given if sent by certified or registered  mail,
postage prepaid and with return receipt requested,  or by facsimile as set forth
in the Purchase Agreement. Any such communication or delivery shall be deemed to
have been given or made when so delivered to the person  intended to receive the
same or two business  days after  deposit in the United  States Mail in the form
specified above.

         8.  Resignation.  The Escrow Agent may resign by notifying the Company.
Until a successor  depository is named and accepts the  appointment,  the Escrow
Agent  shall have no duty other than to hold the  subscription  funds then being
held by him pursuant hereto.

         9. Cancellation.  In the event the Escrow is cancelled or forfeited, it
is agreed  that the  Escrow  Agent may  retain  this  Escrow  Agreement  and any
amendments  thereto,  and any  assignment  or  correspondence  which he may have
received in connection therewith.

         10. No Implied Duties.  This Escrow Agreement expressly and exclusively
sets forth the duties of the Escrow  Agent with  respect to any and all  matters
pertaining hereto.

         11.  Governing  Law.  This  Escrow  Agreement  is being  made in and is
intended  to be  construed  in  accordance  with the laws of the  State of Utah,
without  giving  effect  to any  choice  or  conflict  of law rule or  provision
(whether  of the  State of Utah or other  jurisdiction)  which  would  cause the
application of any rule or law other than of the State of Utah.

         In witness whereof, the parties have caused this Escrow Agreement to be
duly executed and delivered as of the date first written above.

         Logio, Inc.

         By:                                       By:
             ------------------------------            ---------------------
                  Kenneth W. Bell,                     Dan Jackson
                  Chief Executive Officer

         Trans-Pacific Security Consultants, Inc.   Mid West First National,Inc.

         By:                                         By:
             ----------------------------------        ----------------------

         CONDIV Investments, Inc.                    Mutual Ventures Corporation

         By:                                        By:
             -----------------------------             ----------------------LOGIO, Inc. 2000 EQUITY INCENTIVE PLAN
                    As Adopted and Effective April 18, 2000)

I. INTRODUCTION.

         The Plan,  as set forth herein,  shall become  effective on the date of
its adoption by the Board of Directors, subject to the approval of the Company's
stockholders. In the event that the stockholders fail to approve the Plan within
12 months after its adoption by the Board of Directors, any grants of Options or
sales or awards of Shares that have already occurred shall be rescinded,  and no
additional grants,  sales or awards shall be made thereafter under the Plan. The
purpose of the Plan is to promote the  long-term  success of the Company and the
creation  of  stockholder  value  by  (a)  encouraging  Employees,   Independent
Directors  and  Consultants  to focus on  critical  long-range  objectives,  (b)
encouraging the attraction and retention of Employees, Independent Directors and
Consultants  with  exceptional   qualifications   and  (c)  linking   Employees,
Independent  Directors and Consultants directly to stockholder interests through
increased stock  ownership.  The Plan seeks to achieve this purpose by providing
for Awards in the form of  Restricted  Shares,  Options  (which  may  constitute
incentive  stock options or  nonstatutory  stock options) or stock  appreciation
rights.  The Plan shall be governed by, and  construed in accordance  with,  the
laws of the State of Utah,  without  giving  effect to any choice or conflict of
law,  rule or  provision  (whether  of the State of Utah or other  jurisdiction)
which would cause the  application  of any law,  rule,  provision or  regulation
other than of the State of Utah.

2. ADMINISTRATION.

         2.1 COMMITTEE COMPOSITION.

                  The Plan shall be administered by the Committee. The Committee
shall consist  exclusively of three or more directors of the Company,  who shall
be appointed by the Board.  In addition,  the composition of the Committee shall
satisfy:  (a) such  requirements  as the Securities and Exchange  Commission may
establish  for  administrators  acting  under  plans  intended  to  qualify  for
exemption  under Rule 16b-3 (or its  successor)  under the Exchange Act; and (b)
such  requirements as the Internal Revenue Service may establish for independent
directors  acting under plans  intended to qualify for  exemption  under section
162(m)(4)(C) of the Code.

         2.2 COMMITTEE RESPONSIBILITIES.

                  The  Committee  shall (a)  select the  Employees,  Independent
Directors  and  Consultants  who are to  receive  Awards  under  the  Plan,  (b)
determine  the  type,  number,  vesting  requirements  and  other  features  and
conditions  of such  Awards,  (c)  interpret  the Plan  and (d)  make all  other
decisions  relating to the  operation of the Plan.  The Committee may adopt such
rules  or  guidelines  as it  deems  appropriate  to  implement  the  Plan.  The
Committee's  determinations  under the Plan  shall be final and  binding  on all
persons.

         2.3 COMMITTEE FOR NON-OFFICER GRANTS.

                  The Board may also appoint a secondary committee of the Board,
which  shall be composed  of one or more  directors  of the Company who need not
satisfy the requirements of Section 2.1. Such secondary committee may administer
the Plan with  respect  to  Employees  and  Consultants  who are not  considered
officers or directors of the Company  under  section 16 of the Exchange Act, may
grant Awards under the Plan to such Employees and  Consultants and may determine
all  features and  conditions  of such Awards.  Within the  limitations  of this
Section  2.3,  any  reference in the Plan to the  Committee  shall  include such
secondary committee.

3. SHARES AVAILABLE FOR GRANTS.

         3.1. BASIC LIMITATION.

                  Common  Shares  issued  pursuant to the Plan may be authorized
but unissued shares or treasury shares.  The aggregate number of Options,  SARs,
Stock Units and  Restricted  Shares  awarded under the Plan shall not exceed (a)
2,500,000 plus (b) the additional  Common Shares described in Sections 3.2, 3.3,
and 3.4. The limitations of this Section 3.1 and Section 3.2 shall be subject to
adjustment pursuant to Section 10.

         3.2. ANNUAL INCREASE IN SHARES.

                  As of January 1 of each year,  commencing  with the year 2001,
the aggregate number of Options, SARs, and Restricted Shares that may be awarded
under the Plan shall  automatically  increase by a number equal to the lesser of
(a) 5% of the total number of Common Shares then outstanding or (b) 500,000.

         3.3. ADDITIONAL SHARES.

                  If Restricted Shares or Common Shares issued upon the exercise
of Options are forfeited,  then such Common Shares shall again become  available
for Awards under the Plan. If Options or SARs are forfeited or terminate for any
other reason before being exercised,  then the corresponding Common Shares shall
again become  available for Awards under the Plan. If SARs are  exercised,  then
only the number of Common Shares (if any) actually  issued in settlement of such
SARs shall reduce the number  available  under Section 3.1 and the balance shall
again become available for Awards under the Plan. The foregoing notwithstanding,
the aggregate number of Common Shares that may be issued under the Plan upon the
exercise of ISOs shall not be increased when  Restricted  Shares or other Common
Shares are forfeited.

         3.4. UNISSUED SHARES UNDER PRIOR PLAN.

                  Any Common Shares  available  for issuance  under the terms of
the Company's  prior stock option  plans,  if any (the "Prior Plan") may, in the
Committee's discretion,  be made available for Awards under the Plan (except for
Awards that are ISOs), provided that the number of Common Shares available under
the Prior Plan is correspondingly reduced.

         3.5. DIVIDEND EQUIVALENTS.

                  Any dividend equivalents paid or credited under the Plan shall
not be  applied  against  the  number  of  Restricted  Shares,  Options  or SARs
available for Awards.

4. ELIGIBILITY.

         4.1. INCENTIVE STOCK OPTIONS.

                  Only Employees who are common-law  employees of the Company, a
Parent or a Subsidiary shall be eligible for the grant of ISOs. In addition,  an
Employee  who owns  more  than 10% of the  total  combined  voting  power of all
classes  of  outstanding  stock  of  the  Company  or  any  of  its  Parents  or
Subsidiaries  shall  not  be  eligible  for  the  grant  of an  ISO  unless  the
requirements  set forth in section  422(c)(5) of the Code are satisfied.  Unless
otherwise  provided in the Stock Option  Agreement,  the first $100,000 worth of
optioned shares that are part of an option grant and can first be exercised in a
given year shall be considered ISOs, and the remainder shall be considered NSOs.
In  determining  stock  ownership of an Employee for any purpose under the Plan,
the rules of Section 424(d) of the Code shall be applied,  and the Committee may
rely on representations of fact made to it by the employee and believed by it to
be true.

         4.2. OTHER GRANTS.

                  Only Employees, Independent Directors and Consultants shall be
eligible for the grant of Restricted Shares, NSOs or SARs.

5. OPTIONS.

         5.1. STOCK OPTION AGREEMENT.

                  Each grant of an Option under the Plan shall be evidenced by a
Stock Option Agreement  between the Optionee and the Company.  Such Option shall
be subject to all  applicable  terms of the Plan and may be subject to any other
terms that are not inconsistent  with the Plan. The Stock Option Agreement shall
specify  whether the Option is an ISO or an NSO. The  provisions  of the various
Stock  Option  Agreements  entered  into  under the Plan need not be  identical.
Options may be granted in  consideration  of a reduction in the Optionee's other
compensation.

         5.2. NUMBER OF SHARES.

                  Each Stock Option Agreement shall specify the number of Common
Shares subject to the Option and shall provide for the adjustment of such number
in  accordance  with  Section 10.  Options  granted to any  Optionee in a single
fiscal  year of the Company  shall not cover more than  250,000  Common  Shares,
except that Options  granted to a new Employee in the fiscal year of the Company
in which his or her service as an Employee first  commences shall not cover more
than 500,000 Common Shares.  The limitations set forth in the preceding sentence
shall be subject to adjustment in accordance with Section 10.

         5.3. EXERCISE PRICE.

                  Each Stock Option  Agreement shall specify the Exercise Price;
provided  that the  Exercise  Price  under an ISO shall in no event be less than
100% of the Fair Market Value of a Common Share on the date of the grant.

         5.4. EXERCISABILITY AND TERM.

                  Each Stock Option  Agreement  shall  specify the date or event
when all or any  installment of the Option is to become  exercisable.  The Stock
Option  Agreement  shall also specify the term of the Option;  provided that the
term of an ISO shall in no event exceed 10 years from the date of grant. A Stock
Option Agreement may provide for accelerated  exercisability in the event of the
Optionee's  death,  disability or retirement or other events and may provide for
expiration  prior to the end of its term in the event of the  termination of the
Optionee's service. A Stock Option Agreement may provide for early exercise upon
the  condition  that the Common Shares issued upon exercise be made subject to a
Restricted Stock Agreement with vesting and other  restrictions.  Options may be
awarded in combination with SARs, and such an Award may provide that the Options
will not be exercisable unless the related SARs are forfeited.

         5.5. MODIFICATION OR ASSUMPTION OF OPTIONS.

                  Within the  limitations of the Plan, the Committee may modify,
extend  or  assume  outstanding  options  or  may  accept  the  cancellation  of
outstanding  options  (whether  granted by the Company or by another  issuer) in
return for the grant of new options for the same or a different number of shares
and at the same or a different exercise price. The foregoing notwithstanding, no
modification of an Option shall,  without the consent of the Optionee,  alter or
impair his or her rights or obligations under such Option.

6. PAYMENT FOR OPTION SHARES.

         6.1. GENERAL RULE.

                  The  entire  Exercise  Price  of  Common  Shares  issued  upon
exercise  of Options  shall be payable in cash or cash  equivalents  at the time
when such Common Shares are purchased,  except as follows: (a) in the case of an
ISO granted  under the Plan,  payment shall be made only pursuant to the express
provisions  of the  applicable  Stock  Option  Agreement,  but the Stock  Option
Agreement may specify that payment may be made in any form(s)  described in this
Section 6; or (b) in the case of an NSO,  the  Committee  may at any time accept
payment in any form(s) described in this Section 6.

         6.2. SURRENDER OF STOCK.

                  To the extent that this Section 6.2 is applicable,  all or any
part of the  Exercise  Price may be paid by  surrendering,  or  attesting to the
ownership of, Common Shares that are already owned by the Optionee.  Such Common
Shares  shall be  valued  at their  Fair  Market  Value on the date when the new
Common Shares are purchased under the Plan.  Unless  otherwise  permitted by the
Committee,  the Optionee  shall not  surrender,  or attest to the  ownership of,
Common  Shares in payment of the  Exercise  Price if such action would cause the
Company to recognize  compensation expense (or additional  compensation expense)
with respect to the Option for financial reporting purposes

         6.3. EXERCISE / SALE.

                  To the extent that this Section 6.3 is applicable,  all or any
part of the Exercise Price and any  withholding  taxes may be paid by delivering
(on a form  prescribed by the Company) an irrevocable  direction to a securities
broker  approved by the Company to sell all or part of the Common  Shares  being
purchased under the Plan and to deliver all or part of the sales proceeds to the
Company.

         6.4. EXERCISE / PLEDGE.

                  To the extent that this Section 6.4 is applicable,  all or any
part of the Exercise Price and any  withholding  taxes may be paid by delivering
(on a form prescribed by the Company) an irrevocable  direction to pledge all or
part of the Common Shares being purchased under the Plan to a securities  broker
or lender approved by the Company, as security for a loan, and to deliver all or
part of the loan proceeds to the Company.

         6.5. PROMISSORY NOTE.

                  To the extent that this Section 6.5 is applicable,  all or any
part of the Exercise Price and any  withholding  taxes may be paid by delivering
(on a form prescribed by the Company) a full-recourse promissory note.

         6.6. OTHER FORMS OF PAYMENT

                  To the extent that this Section 6.6 is applicable,  all or any
part of the Exercise  Price and any  withholding  taxes may be paid in any other
form that is consistent with applicable laws, regulations and rules.

7. AUTOMATIC OPTION GRANTS TO INDEPENDENT DIRECTORS.

         7.1. INITIAL GRANTS.

                  Each  Independent  Director who first  becomes a member of the
Board after the Effective Date shall receive a one-time grant of an NSO covering
10,000 Common Shares (subject to adjustment under Section 11). Such NSO shall be
granted on the date when such Independent  Director first joins the Board.  Such
NSO shares shall  become  exercisable  as follows:  25% of such NSO shares shall
become  exercisable upon the completion of 12 months of service from the date of
grant and 1/48 of the total number of such NSO shares  shall become  exercisable
upon the  completion  of each of the next 36 months of service.  An  Independent
Director  who  previously  was an Employee  shall not receive a grant under this
Section 7.1.

         7.2. ANNUAL GRANTS.

                  Upon the  conclusion  of each  regular  annual  meeting of the
Company's  stockholders  held in the year 2000 or thereafter,  each  Independent
Director who will  continue  serving as a member of the Board  thereafter  shall
receive an NSO covering 5,000 Common Shares (subject to adjustment under Section
11), except that such NSO shall not be granted in the calendar year in which the
same  Independent  Director  received the NSO  described  in Section  7.1.  NSOs
granted  under this  Section 7.2 shall become  exercisable  in full on the first
anniversary of the date of grant. An Independent  Director who previously was an
Employee shall be eligible to receive grants under this Section 7.2.

         7.3. ACCELERATED EXERCISABILITY.

                  All NSOs granted to an Independent Director under this Section
7 shall also become  exercisable in full in the event of: (a) the termination of
such  Independent  Director's  service  because  of death,  total and  permanent
disability  or  retirement  at or after age 65; or (b) a Change in Control  with
respect to the Company,  except as provided in the next following  sentence.  If
the  Company  and the other party to the  transaction  constituting  a Change in
Control agree that such transaction is to be treated as a "pooling of interests"
for financial reporting purposes, and if such transaction in fact is so treated,
then the acceleration of  exercisability  shall not occur to the extent that the
Company's independent accountants and such other party's independent accountants
separately determine in good faith that such acceleration would preclude the use
of "pooling of interests" accounting.

         7.4. EXERCISE PRICE.

                  The Exercise  Price under all NSOs  granted to an  Independent
Director under this Section 7 shall be equal to 100% of the Fair Market Value of
a Common  Share on the date of grant,  payable in one of the forms  described in
Sections 6.1, 6.2, 6.3 and 6.4.

         7.5. TERM.

                  All NSOs granted to an Independent Director under this Section
7 shall  terminate  on the earliest of (a) the 10th  anniversary  of the date of
grant  or (b) the date 12  months  after  the  termination  of such  Independent
Director's service for any reason.

         7.6. AFFILIATES OF INDEPENDENT DIRECTORS.

                  The Committee may provide that the NSOs that  otherwise  would
be granted to an  Independent  Director  under this  Section 7 shall  instead be
granted to an affiliate of such Independent Director.  Such affiliate shall then
be deemed to be an Independent  Director for purposes of the Plan, provided that
the service-related  vesting and termination  provisions  pertaining to the NSOs
shall be applied with regard to the service of the Independent Director.

8. STOCK APPRECIATION RIGHTS.

         8.1. SAR AGREEMENT.

                  Each grant of SAR under the Plan shall be  evidenced  by a SAR
Agreement between the Optionee and the Company. Such SAR shall be subject to all
applicable  terms of the Plan and may be subject to any other terms that are not
inconsistent with the Plan. The provisions of the various SAR Agreements entered
into under the Plan need not be identical.  SARs may be granted in consideration
of a reduction in the Optionee's other compensation.

         8.2. NUMBER OF SHARES.

                  Each SAR  Agreement  shall specify the number of Common Shares
to which the SAR pertains and shall provide for the adjustment of such number in
accordance with Section 10. SARs granted to any Optionee in a single fiscal year
shall in no event pertain to more than 250,000 Common  Shares,  except that SARs
granted to a new  Employee in the fiscal year of the Company in which his or her
service as an Employee  first  commences  shall not pertain to more than 500,000
Common  Shares.  The  limitations  set forth in the preceding  sentence shall be
subject to adjustment in accordance with Section 10.

         8.3. EXERCISE PRICE.

                  Each SAR  Agreement  shall specify the Exercise  Price.  A SAR
Agreement  may  specify an  Exercise  Price  that  varies in  accordance  with a
predetermined formula while the SAR is outstanding.

         8.4. EXERCISABILITY AND TERM.

                  Each SAR  Agreement  shall  specify  the date  when all or any
installment of the SAR is to become  exercisable.  The SAR Agreement  shall also
specify  the  term of the SAR.  A SAR  Agreement  may  provide  for  accelerated
exercisability in the event of the Optionee's death, disability or retirement or
other events and may provide for expiration  prior to the end of its term in the
event of the  termination  of the  Optionee's  service.  SARs may be  awarded in
combination  with Options,  and such an Award may provide that the SARs will not
be exercisable unless the related Options are forfeited.  An SAR may be included
in an ISO only at the time of grant but may be included in an NSO at the time of
grant or  thereafter.  An SAR granted under the Plan may provide that it will be
exercisable only in the event of a Change in Control.

         8.5. EXERCISE OF SARS.

                  Upon  exercise of an SAR, the  Optionee (or any person  having
the right to exercise  the SAR after his or her death)  shall  receive  from the
Company (a) Common  Shares,  (b) cash or (c) a combination  of Common Shares and
cash,  as the  Committee  shall  determine.  The amount of cash  and/or the Fair
Market  Value of Common  Shares  received  upon  exercise of SARs shall,  in the
aggregate, be equal to the amount by which the Fair Market Value (on the date of
surrender) of the Common Shares subject to the SARs exceeds the Exercise  Price.
If, on the date when an SAR expires,  the Exercise  Price under such SAR is less
than the Fair Market Value on such date but any portion of such SAR has not been
exercised  or  surrendered,  then such SAR shall  automatically  be deemed to be
exercised as of such date with respect to such portion.

         8.6. MODIFICATION OR ASSUMPTION OF SARS.

                  Within the  limitations of the Plan, the Committee may modify,
extend or assume  outstanding SARs or may accept the cancellation of outstanding
SARs  (whether  granted by the  Company or by another  issuer) in return for the
grant of new SARs for the same or a  different  number of shares and at the same
or a different exercise price. The foregoing notwithstanding, no modification of
an SAR shall,  without the consent of the  Optionee,  alter or impair his or her
rights or obligations under such SAR.

9. RESTRICTED SHARES.

         9.1. RESTRICTED STOCK AGREEMENT.

                  Each  grant of  Restricted  Shares  under  the  Plan  shall be
evidenced by a Restricted Stock Agreement between the recipient and the Company.
Such Restricted  Shares shall be subject to all applicable terms of the Plan and
may be subject to any other terms that are not  inconsistent  with the Plan. The
provisions of the various  Restricted  Stock  Agreements  entered into under the
Plan need not be identical.

         9.2. PAYMENT FOR AWARDS.

                  Subject to the following  sentence,  Restricted  Shares may be
sold or  awarded  under the Plan for such  consideration  as the  Committee  may
determine, including (without limitation) cash, cash equivalents,  full-recourse
promissory notes, future services and past services. To the extent that an Award
consists of newly issued  Restricted  Shares,  the  consideration  shall consist
exclusively of cash, cash  equivalents or past services  rendered to the Company
(or a Parent or  Subsidiary)  or,  for the  amount in excess of the par value of
such newly issued  Restricted  Shares,  full-recourse  promissory  notes, as the
Committee may determine.

         9.3. VESTING CONDITIONS.

                  Each Award of  Restricted  Shares may or may not be subject to
vesting.  Vesting shall occur, in full or in installments,  upon satisfaction of
the conditions  specified in the Restricted Stock Agreement.  A Restricted Stock
Agreement may provide for accelerated  vesting in the event of the Participant's
death, disability or retirement or other events.

         9.4. VOTING AND DIVIDEND RIGHTS.

                  The holders of Restricted  Shares awarded under the Plan shall
have  the  same  voting,  dividend  and  other  rights  as the  Company's  other
stockholders.  A  Restricted  Stock  Agreement,  however,  may require  that the
holders of Restricted  Shares invest any cash  dividends  received in additional
Restricted  Shares.  Such additional  Restricted  Shares shall be subject to the
same  conditions  and  restrictions  as the  Award  with  respect  to which  the
dividends were paid.

10. PROTECTION AGAINST DILUTION.

         10.1. ADJUSTMENTS.

                  In  the  event  of a  subdivision  of the  outstanding  Common
Shares, a declaration of a dividend payable in Common Shares, a declaration of a
dividend  payable  in a form other than  Common  Shares in an amount  that has a
material effect on the price of Common Shares, a combination or consolidation of
the outstanding Common Shares (by reclassification,  reverse split or otherwise)
into a lesser  number of Common  Shares,  a  recapitalization,  a spin-off  or a
similar occurrence,  the Committee shall make appropriate  adjustments in one or
more of: (a) The number of Options,  SARs and  Restricted  Shares  available for
future Awards under Section 3; (b) the limitations set forth in Sections 5.2 and
8.2; (c) the number of NSOs to be granted to Independent Directors under Section
7; (d) the number of Common Shares covered by each  outstanding  Option and SAR;
or (e) the  Exercise  Price  under each  outstanding  Option and SAR.  Except as
provided in this Section 10, a Participant shall have no rights by reason of any
issue by the Company of stock of any class or securities  convertible into stock
of any class,  any subdivision or consolidation of shares of stock of any class,
the  payment of any stock  dividend  or any other  increase  or  decrease in the
number of shares of stock of any class.

         10.2. DISSOLUTION OR LIQUIDATION.

                  To the extent not  previously  exercised or settled,  Options,
SARs and Stock Units shall  terminate  immediately  prior to the  dissolution or
liquidation of the Company.

         10.3. REORGANIZATIONS.

                  In the event that the  Company is a party to a merger or other
reorganization,  outstanding  Awards shall be subject to the agreement of merger
or reorganization.  Such agreement shall provide for (a) the continuation of the
outstanding  Awards by the Company,  if the Company is a surviving  corporation,
(b) the assumption of the outstanding Awards by the surviving corporation or its
parent or subsidiary,  (c) the substitution by the surviving  corporation or its
parent or  subsidiary  of its own awards for the  outstanding  Awards,  (d) full
exercisability  and/or  vesting and  accelerated  expiration of the  outstanding
Awards or (e) settlement of the full value of the outstanding  Awards in cash or
cash equivalents followed by cancellation of such Awards.

11. CHANGE IN CONTROL.

         Unless  the   applicable   agreement   evidencing  the  Award  provides
otherwise, in the event of any Change in Control, the vesting and exercisability
of each outstanding Award shall automatically accelerate so that each such Award
shall,  immediately prior to the effective date of the Change in Control, become
fully exercisable for all of the Common Shares at the time subject to such Award
and may be  exercised  for any or all of those  shares  as  fully-vested  Common
Shares.   Notwithstanding   the   foregoing,   acceleration   of   vesting   and
exercisability  shall not occur upon a Change in Control  only to the  following
extent and under the following circumstances:

     (a) If the Company and the other party to the  transaction  constituting  a
         Change in  Control  agree that such  transaction  is to be treated as a
         "pooling of interests" for financial  reporting  purposes,  and if such
         transaction in fact is so treated, then the acceleration of vesting and
         exercisability  shall  not  occur  to the  extent  that  the  Company's
         independent  accountants and such other party's independent accountants
         separately  determine  in  good  faith  that  such  acceleration  would
         preclude the use of "pooling of interests" accounting;

     (b) The Committee  makes a reasonable,  good faith  determination  that the
         Award will  remain  outstanding,  or will be  assumed by the  surviving
         corporation (or parent or subsidiary  thereof),  or will be substituted
         with an  award  with  substantially  the same  terms  by the  surviving
         corporation (or parent or subsidiary thereof); and

     (c) The  Committee  may,  in its  discretion,  provide in the Stock  Option
         Agreement  that,  to  the  extent  that  acceleration  of  vesting  and
         exercisability  does not occur  upon the event of any Change in Control
         because of the  application of Sections 11(a) or (b), in the event that
         a recipient of an Award experiences an Involuntary  Termination  within
         twelve (12) months  following  such Change in Control,  the vesting and
         exercisability  of each outstanding  Award held by such recipient shall
         automatically  accelerate,  as if the  recipient of the Award  provided
         another  six  (6)  months  of  service   following   such   Involuntary
         Termination.  Absent a specific reference in the Stock Option Agreement
         and/or the associated  Notice of Option,  the acceleration  provided in
         this Section 11(c) shall not be applicable.

12. DEFERRAL OF AWARDS.

         The  Committee  (in its  sole  discretion)  may  permit  or  require  a
Participant to: (a) have cash that otherwise  would be paid to such  Participant
as a result  of the  exercise  of an SAR  credited  to a  deferred  compensation
account  established  for such  Participant  by the Committee as an entry on the
Company's  books;  (b) have Common Shares that  otherwise  would be delivered to
such  Participant  as a result of the  exercise of an Option or SAR; or (c) have
Common Shares that otherwise would be delivered to such  Participant as a result
of the  exercise  of an Option  or SAR  converted  into  amounts  credited  to a
deferred  compensation account established for such Participant by the Committee
as an entry  on the  Company's  books.  Such  amounts  shall  be  determined  by
reference  to the Fair Market  Value of such  Common  Shares as of the date when
they  otherwise  would  have been  delivered  to such  Participant.  A  deferred
compensation  account  established  under this  Section 12 may be credited  with
interest or other forms of investment return, as determined by the Committee.  A
Participant  for whom such an account is established  shall have no rights other
than those of a general creditor of the Company. Such an account shall represent
an unfunded and unsecured  obligation of the Company and shall be subject to the
terms and conditions of the applicable  agreement  between such  Participant and
the Company.  If the deferral or  conversion of Awards is permitted or required,
the Committee (in its sole discretion) may establish rules, procedures and forms
pertaining to such Awards,  including  (without  limitation)  the  settlement of
deferred compensation accounts established under this Section 12.

13. AWARDS UNDER OTHER PLANS.

         The Company may grant awards under other plans or programs. Such awards
may be settled in the form of Common Shares issued under this Plan.  Such Common
Shares  shall be treated  for all  purposes  under the Plan like  Common  Shares
issued in settlement of an Option and shall,  when issued,  reduce the number of
Common Shares available under Section 3.

14. PAYMENT OF DIRECTOR'S FEES IN SECURITIES.

        14.1. EFFECTIVE DATE.

                  No provision of this Section 14 shall be effective  unless and
until the Board has determined to implement such provision.

         14.2. ELECTIONS TO RECEIVE NSOS, RESTRICTED SHARES

                  An Independent Director may elect to receive his or her annual
retainer  payments  and/or  meeting  fees from the  Company in the form of cash,
NSOs, or Restricted Shares or a combination thereof, as determined by the Board.
Such NSOs and Restricted  Shares and Stock Units shall be issued under the Plan.
An  election  under  this  Section  15 shall be filed  with the  Company  on the
prescribed form.

         14.3. NUMBER AND TERMS OF NSOS, RESTRICTED SHARES

                  The  number  of NSOs or  Restricted  Shares to be  granted  to
Independent  Directors in lieu of annual  retainers  and meeting fees that would
otherwise  be paid in cash shall be  calculated  in a manner  determined  by the
Board.  The terms of such NSOs or Restricted  Shares shall also be determined by
the Board.

15. LIMITATION ON RIGHTS.

         15.1. RETENTION RIGHTS.

                  Neither the Plan nor any Award granted under the Plan shall be
deemed  to give  any  individual  a right to  remain  an  Employee,  Independent
Director or Consultant. The Company and its Parents, Subsidiaries and Affiliates
reserve the right to terminate the service of any Employee, Independent Director
or Consultant at any time,  with or without cause,  subject to applicable  laws,
the Company's  certificate of incorporation and by-laws and a written employment
agreement (if any).

         15.2. STOCKHOLDERS' RIGHTS.

                  A Participant shall have no dividend rights,  voting rights or
other rights as a stockholder  with respect to any Common Shares  covered by his
or her Award prior to the time when a stock  certificate  for such Common Shares
is issued or, if applicable, the time when he or she becomes entitled to receive
such Common  Shares by filing any  required  notice of  exercise  and paying any
required Exercise Price. No adjustment shall be made for cash dividends or other
rights for which the  record  date is prior to such  time,  except as  expressly
provided in the Plan.

         15.3. REGULATORY REQUIREMENTS.

                  Any  other   provision  of  the  Plan   notwithstanding,   the
obligation of the Company to issue Common Shares under the Plan shall be subject
to  all  applicable  laws,  rules  and  regulations  and  such  approval  by any
regulatory body as may be required.  The Company reserves the right to restrict,
in whole or in part,  the delivery of Common Shares  pursuant to any Award prior
to the satisfaction of all legal  requirements  relating to the issuance of such
Common  Shares,  to  their  registration,  qualification  or  listing  or  to an
exemption from registration, qualification or listing.

         15.4. COMPANY RIGHT OF FIRST REFUSAL.

                  Any  Award  granted  under the Plan  may,  in the  Committee's
discretion,  include a condition  that the Common Shares issued  pursuant to the
Award be  subject  to a right of first  refusal  in favor of the  Company in the
event of any subsequently proposed transfer of such shares.

         15.5. MARKET STANDOFF AGREEMENT.

                  In  connection  with  any  public  offering  of the  Company's
securities  and upon request of the Company or the  underwriters  managing  such
underwritten offering of the Company's  securities,  each Participant agrees not
to sell, make any short sale of, loan,  grant any option for the purchase of, or
otherwise  dispose of any Common Shares or Options (other than those included in
the  registration)  without  the prior  written  consent of the  Company or such
underwriters,  as the case may be,  for such  period of time (not to exceed  one
hundred eighty (180) days) from the effective date of such  registration  as may
be  requested  by the Company or such  managing  underwriters  and to execute an
agreement  reflecting the foregoing as may be requested by the  underwriters  at
the time of the Company's public offering.

16. WITHHOLDING TAXES.

         16.1. GENERAL.

                  To the extent required by applicable federal,  state, local or
foreign  law, a  Participant  or his or her  successor  shall make  arrangements
satisfactory  to  the  Company  for  the  satisfaction  of any  withholding  tax
obligations  that arise in  connection  with the Plan.  The Company shall not be
required  to issue any  Common  Shares or make any cash  payment  under the Plan
until such obligations are satisfied.

         16.2. SHARE WITHHOLDING.

                  The Committee may permit a Participant  to satisfy all or part
of his or her  withholding  or income  tax  obligations  by having  the  Company
withhold all or a portion of any Common Shares that otherwise would be issued to
him or her or by  surrendering  all or a portion of any Common Shares that he or
she previously acquired. Such Common Shares shall be valued at their Fair Market
Value on the date when they are withheld or surrendered.

17. FUTURE OF THE PLAN.

         17.1.  TERM OF THE PLAN.

                  The Plan, as set forth herein,  shall become  effective on the
Effective  Date.  The Plan shall remain in effect until it is  terminated  under
Section  17.2,  except  that no ISOs  shall  be  granted  on or  after  the 10th
anniversary  of the later of (a) the date when the Board adopted the Plan or (b)
the date when the Board adopted the most recent increase in the number of Common
Shares   available   under  Section  3  which  was  approved  by  the  Company's
stockholders.

         17.2. AMENDMENT OR TERMINATION.

                  The  Board  may,  at any  time  and for any  reason,  amend or
terminate the Plan. An amendment of the Plan shall be subject to the approval of
the  Company's  stockholders  only to the extent  required by  applicable  laws,
regulations  or  rules.  No Awards  shall be  granted  under the Plan  after the
termination  thereof.  The  termination  of the Plan, or any amendment  thereof,
shall not affect any Award previously granted under the Plan.

18. LIMITATION ON PAYMENTS.

         18.1. SCOPE OF LIMITATION.

                  This  Section  18 shall  apply to an  Award  only if:  (a) the
income tax  professionals  most  recently  selected  by the Board (the  "CPA's")
determine that the after-tax value of such Award to the Participant, taking into
account the effect of all  federal,  state and local  income  taxes,  employment
taxes and excise taxes  applicable to the Participant  (including the excise tax
under section 4999 of the Code),  will be greater after the  application of this
Section 18 than it was before the  application  of this  Section  18; or (b) the
Committee,  at the  time of  making  an  Award  under  the  Plan or at any  time
thereafter,  specifies  in  writing  that such  Award  shall be  subject to this
Section 18 (regardless of the after-tax value of such Award to the Participant).
If this  Section  18  applies  to an  Award,  it shall  supersede  any  contrary
provision  of the Plan or of any  Award  granted  under  the Plan  except to the
extent that an Award specifically refers to, and overrides, this Section 18.

         18.2. BASIC RULE.

                  In the event  that the CPA's  determine  that any  payment  or
transfer by the Company under the Plan to or for the benefit of a Participant (a
"Payment") would be nondeductible by the Company for federal income tax purposes
because of the provisions concerning "excess parachute payments" in section 280G
of the Code,  then the aggregate  present value of all Payments shall be reduced
(but not below zero) to the Reduced Amount. For purposes of this Section 18, the
"Reduced  Amount"  shall be the  amount,  expressed  as a present  value,  which
maximizes  the  aggregate  present  value of the  Payments  without  causing any
Payment to be nondeductible by the Company because of section 280G of the Code.

         18.3. REDUCTION OF PAYMENTS.

                  If the CPA's determine that any Payment would be nondeductible
by the  Company  because of section  280G of the Code,  then the  Company  shall
promptly give the  Participant  notice to that effect and a copy of the detailed
calculation  thereof and of the Reduced  Amount,  and the  Participant  may then
elect, in his or her sole  discretion,  which and how much of the Payments shall
be eliminated  or reduced (as long as after such election the aggregate  present
value of the Payments equals the Reduced Amount) and shall advise the Company in
writing of his or her election  within 10 days of receipt of notice.  If no such
election is made by the Participant within such 10-day period,  then the Company
may elect which and how much of the Payments  shall be eliminated or reduced (as
long as after such election the aggregate  present value of the Payments  equals
the Reduced Amount) and shall notify the Participant  promptly of such election.
For purposes of this Section 18, present value shall be determined in accordance
with section 280G(d)(4) of the Code. All determinations  made by the CPA's under
this Section 18 shall be binding upon the Company and the  Participant and shall
be  made  within  60  days  of  the  date  when a  Payment  becomes  payable  or
transferable.  As promptly as practicable  following such  determination and the
elections hereunder,  the Company shall pay or transfer to or for the benefit of
the  Participant  such  amounts as are then due to him or her under the Plan and
shall  promptly pay or transfer to or for the benefit of the  Participant in the
future such amounts as become due to him or her under the Plan.

         18.4. OVERPAYMENTS AND UNDERPAYMENTS.

                  As a result of uncertainty in the  application of section 280G
of the Code at the time of an initial  determination by the CPA's hereunder,  it
is possible  that  Payments  will have been made by the Company which should not
have been made (an  "Overpayment")  or that  additional  Payments which will not
have  been  made by the  Company  could  have  been  made  (an  "Underpayment"),
consistent in each case with the calculation of the Reduced Amount hereunder. In
the event  that the CPA's,  based  upon the  assertion  of a  deficiency  by the
Internal Revenue Service against the Company or the Participant  which the CPA's
believe has a high  probability of success,  determine  that an Overpayment  has
been made, such  Overpayment  shall be treated for all purposes as a loan to the
Participant  which he or she shall repay to the Company,  together with interest
at the  applicable  federal  rate  provided in section  7872(f)(2)  of the Code;
provided,  however,  that no amount shall be payable by the  Participant  to the
Company if and to the extent that such payment would not reduce the amount which
is subject to taxation  under  section  4999 of the Code.  In the event that the
CPA's  determine that an  Underpayment  has occurred,  such  Underpayment  shall
promptly  be paid or  transferred  by the  Company to or for the  benefit of the
Participant,  together with interest at the applicable  federal rate provided in
section 7872(f)(2) of the Code.

         18.5. RELATED CORPORATIONS.

                  For  purposes  of this  Section 18, the term  "Company"  shall
include  affiliated  corporations  to the  extent  determined  by the  CPA's  in
accordance with section 280G(d)(5) of the Code.

19. DEFINITIONS.

         19.1.    "Affiliate"  means any entity other than a Subsidiary,  if the
                  Company and/or one or more  Subsidiaries own not less than 50%
                  of such entity for which a control relationship exists.

         19.2.    "Award" means any award of an Option,  an SAR, or a Restricted
                  Share under the Plan.

         19.3.    "Board" means the Company's Board of Directors, as constituted
                  from time to time.

         19.4.    "Cause" means the commission of any act of fraud, embezzlement
                  or dishonesty by the recipient of the Award,  any unauthorized
                  use or disclosure by such person of  confidential  information
                  or trade secrets of the Company (or any Parent or Subsidiary),
                  or any other  intentional  misconduct by such person adversely
                  affecting  the  business  or  affairs of the  Company  (or any
                  Parent or Subsidiary) in a material manner.

         19.5.    "Change in Control" means: (a) the consummation of a merger or
                  consolidation  of the Company with or into  another  entity or
                  any other  corporate  reorganization,  if persons who were not
                  stockholders of the Company  immediately prior to such merger,
                  consolidation or other  reorganization  own immediately  after
                  such merger, consolidation or other reorganization 50% or more
                  of the voting power of the  outstanding  securities of each of
                  (i) the continuing or surviving  entity and (ii) any direct or
                  indirect  parent  corporation of such  continuing or surviving
                  entity; (b) the sale,  transfer or other disposition of all or
                  substantially all of the Company's assets; (c) a change in the
                  composition of the Board,  as a result of which fewer than 50%
                  of the  incumbent  directors  are directors who either (i) had
                  been  directors  of the Company on the date 24 months prior to
                  the date of the event that may  constitute a Change in Control
                  (the "original  directors") or (ii) were elected, or nominated
                  for election,  to the Board with the  affirmative  votes of at
                  least a majority of the  aggregate of the  original  directors
                  who  were  still in  office  at the  time of the  election  or
                  nomination and the directors  whose election or nomination was
                  previously so approved;  or (d) any transaction as a result of
                  which any person is the "beneficial owner" (as defined in Rule
                  13d-3 under the  Exchange  Act),  directly or  indirectly,  of
                  securities  of the  Company  representing  at least 50% of the
                  total  voting  power   represented   by  the  Company's   then
                  outstanding voting securities.  For purposes of this Paragraph
                  (d),  the term  "person"  shall have the same  meaning as when
                  used in sections 13(d) and 14(d) of the Exchange Act but shall
                  exclude (i) a trustee or other  fiduciary  holding  securities
                  under an employee  benefit  plan of the Company or of a Parent
                  or  Subsidiary  and  (ii)  a  corporation  owned  directly  or
                  indirectly by the stockholders of the Company in substantially
                  the same proportions as their ownership of the common stock of
                  the Company.  A transaction  shall not  constitute a Change in
                  Control  if its sole  purpose  is to  change  the state of the
                  Company's  incorporation  or to create a holding  company that
                  will be owned in  substantially  the same  proportions  by the
                  persons who held the Company's  securities  immediately before
                  such transaction.

         19.6.    "Code" means the Internal Revenue Code of 1986, as amended.

         19.7.    "Committee"  means a committee  of the Board,  as described in
                  Section 2.

         19.8.    "Common  Share"  means  one share of the  common  stock of the
                  Company.

         19.9.    "Company" means Logio, Inc., a Nevada corporation.

         19.10.   "Consultant"  means a consultant  or adviser who provides bona
                  fide  services to the Company,  a Parent,  a Subsidiary  or an
                  Affiliate  as  an   independent   contractor.   Service  as  a
                  Consultant shall be considered  employment for all purposes of
                  the Plan, except as provided in Section 4.1.

         19.11.   "Effective  Date" means the date of the Plan's adoption by the
                  Board.

         19.12.   "Employee"  means  a  salaried,  common-law  employee  of  the
                  Company, a Parent, a Subsidiary or an Affiliate.

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

         19.14.   "Exercise  Price," in the case of an Option,  means the amount
                  for which one Common Share may be purchased  upon  exercise of
                  such  Option,  as  specified  in the  applicable  Stock Option
                  Agreement.  "Exercise  Price," in the case of an SAR, means an
                  amount, as specified in the applicable SAR Agreement, which is
                  subtracted  from the Fair Market  Value of one Common Share in
                  determining the amount payable upon exercise of such SAR.

         19.15.   "Fair Market  Value" means the market price of Common  Shares,
                  determined  by the Committee in good faith on such basis as it
                  deems  appropriate.  Whenever  possible,  the determination of
                  Fair  Market  Value  by the  Committee  shall  be based on the
                  closing  prices  reported  in The Wall  Street  Journal.  Such
                  determination shall be conclusive and binding on all persons.

         19.16.   "Independent Director" shall mean a member of the Board who is
                  not an Employee.  Service as an Independent  Director shall be
                  considered  employment for all purposes of the Plan, except as
                  provided in Section 4.1.

         19.17.   "Involuntary Termination" means the termination of the service
                  of the  recipient  of the Award which occurs by reason of: (1)
                  such  recipient's  involuntary  dismissal  or discharge by the
                  Company for reasons other than Cause, or (2) such  recipient's
                  voluntary  resignation  following  (A) a change  in his or her
                  position with the Company which materially  reduces his or her
                  level of  responsibility,  (B) a reduction in his or her level
                  of base salary or (C) a relocation of such  recipient's  place
                  of employment by more than 35 miles, provided and only if such
                  change,  reduction  or  relocation  is effected by the Company
                  without the recipient's consent.

         19.18.   "ISO" means an  incentive  stock  option  described in section
                  422(b) of the Code.

         19.19.   "NSO" means a stock  option not  described  in sections 422 or
                  423 of the Code.

         19.20.   "Option"  means  an ISO or NSO  granted  under  the  Plan  and
                  entitling the holder to purchase Common Shares.

         19.21.   "Optionee"  means an  individual or estate who holds an Option
                  or SAR.

         19.22.   "Parent" means any corporation  (other than the Company) in an
                  unbroken  chain of  corporations  ending with the Company,  if
                  each of the  corporations  other than the  Company  owns stock
                  possessing 50% or more of the total  combined  voting power of
                  all classes of stock in one of the other  corporations in such
                  chain or has a  control  relationship  with a  corporation.  A
                  corporation  that  attains  the  status  of a Parent on a date
                  after the  adoption of the Plan shall be  considered  a Parent
                  commencing as of such date.

         19.23.   "Participant"  means an  individual  or  estate  who  holds an
                  Award.

         19.24.   "Plan" means this Logio,  Inc. 2000 Equity  Incentive Plan, as
                  amended from time to time.

         19.25.   "Restricted  Share"  means a Common  Share  awarded  under the
                  Plan.

         19.26.   "Restricted  Stock Agreement" means the agreement  between the
                  Company and the recipient of a Restricted Share which contains
                  the terms,  conditions  and  restrictions  pertaining  to such
                  Restricted Share.

         19.27.   "SAR" means a stock appreciation right granted under the Plan.

         19.28.   "SAR Agreement" means the agreement between the Company and an
                  Optionee which contains the terms, conditions and restrictions
                  pertaining to his or her SAR.

         19.29.   "Stock  Option  Agreement"  means the  agreement  between  the
                  Company and an Optionee  that  contains the terms,  conditions
                  and restrictions pertaining to his or her Option.

         19.30.   "Subsidiary" means any corporation (other than the Company) in
                  an unbroken chain of corporations  beginning with the Company,
                  if each of the corporations other than the last corporation in
                  the unbroken  chain owns stock  possessing  50% or more of the
                  total combined  voting power of all classes of stock in one of
                  the  other  corporations  in  such  chain  or  has  a  control
                  relationship.  A  corporation  that  attains  the  status of a
                  Subsidiary  on a date after the  adoption of the Plan shall be
                  considered a Subsidiary commencing as of such date.

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