Document:

exh10-1_082208.htm

    Exhibit
10.1

     

    

     

    

     

    

     

    

     

    

     

    

     

    STOCK
PURCHASE AGREEMENT

     

    by
and among

     

    UNITED
E-SYSTEMS, INC.

     

    NETCOM
DATA SOUTHERN CORP.

     

    and

     

    STOCKHOLDERS
OF NETCOM DATA SOUTHERN CORP., NAMED HEREIN

     

    DATED
AS OF AUGUST 22, 2008

    

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    STOCK
PURCHASE AGREEMENT

     

    

    This STOCK PURCHASE AGREEMENT (the
“Agreement”)
dated as of August 22, 2008 by and among United E-Systems, a Nevada
corporation (“UES” or “Buyer”), NetCom Data
Southern Corp.,  a Georgia corporation (the “ NDS”) and the
stockholders of NDS named on the signature page hereof (the “Stockholders”).

     

    WHEREAS, NDS is in the
business of procuring and selling, credit card processing and ACH services (the
“Business”);

     

    WHEREAS, UES desires to
acquire, and the Stockholders have agreed to sell, all of the issued and
outstanding capital stock of NDS pursuant to the terms and conditions contained
in this Agreement: and

     

    WHEREAS, the parties to this
Agreement desire to make certain representations, warranties and covenants in
connection with the purchase and sale of all of the capital stock of
NDS.  Terms used in this Agreement shall have the meanings assigned in
Article XIII of this Agreement.

     

    NOW, THEREFORE, in
consideration of the mutual covenants, representations, warranties and
agreements contained herein, and intending to be legally bound hereby, the
parties agree as follows:

     

    ARTICLE
I

     

    AGREEMENT TO PURCHASE AND
SELL STOCK

     

    1.1           Agreement to Purchase and Sell
Stock.   Subject to the terms and conditions set forth in
this Agreement, at the Closing (as defined herein), each Stockholder shall sell
and deliver to Buyer, and Buyer shall purchase from each Stockholder, for the
consideration provided in Section 2.1 hereof, that number and class of shares of
capital stock of NDS set forth opposite the name of such Stockholder on Schedule 1.1
attached hereto (the “Stock”)
(representing, as to each Stockholder, all shares of capital stock of NDS to be
owned, of record and/or beneficially, immediately prior to the Closing by each
such Stockholder after giving effect to the exercise, exchange, conversion
and/or termination, in full of all outstanding rights, option, warrants and
other securities of NDS owned, of record and/or beneficially, by each such
Stockholder that are directly or indirectly, exercisable or exchangeable for or
convertible into, capital stock of NDS which exercise, exchange, conversion
and/or termination shall be a condition precedent the Closing) and any and all
rights and benefits incident to the ownership thereof, free and clear of all
encumbrances

    

    1.2           Method of
Conveyance.  The sale, transfer, and delivery of the Stock by
the Stockholders to Buyer in accordance with Article I hereof shall be effected
by the Stockholders’ delivery of certificates representing the Stock of NDS to
Buyer at the Closing together with stock transfer powers duly executed in blank
for transfer thereof, together with all transfer tax stamps (if any)
required.

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    ARTICLE
II

     

    CONSIDERATION

     

    2.1           Purchase Price
Determination.

     

    (a)           At
Closing, UES shall pay to the shareholders of NDS in exchange for all of their
shares in NDS.  The following consideration (“Purchase
Price”):

     

    (i)           $320,000
cash payable within 7 business days following Closing;

     

    (ii)           A
promissory note (“Note”) in the amount of $2,720,000.00 bearing simple interest
at 5.5% per annum for one year and 9.5% per annum thereafter, with interest only
payments due monthly;

     

    (iii)           7,800,000
shares of UES’ common stock (“Issued Stock”).

     

    (b)           UES
intends to offer its shares through a private placement (“Share Offering”) which
it would like to close within twelve months after the Closing.  If the
Share Offering is closed and raises at least $6,000,000 within twelve months
after the Closing or at any time thereafter, UES will pay $2,500,000 principal
on the Note within 10 days after receiving the proceeds from the Share
Offering.  In the event the Share Offering is not closed within twelve
months after the Closing, UES shall continue paying interest payments on the
Note and will make the following principal payments together with the principal
payments set forth on Exhibit A:  $180,000
principal payment to be paid on or before the first anniversary of the Closing,
and $180,000 principal payment to be paid on or before the second anniversary of
the Closing.  Interest and principal shall continue to be paid to the
shareholders of NDS until the earlier of the date of the Note is repaid in full
or the successful completion of the Share Offering.

     

    2.2           Manner
of Payment.

     

    (a)           Subject
to the conditions set forth in this Agreement and subject to the adjustment
provided in Section 3.1 below, the Purchase Price to be paid for the Stock shall
be paid in a combination of cash, promissory note(s), and common shares of UES
with the cash portion paid by wire transfer or certified check, the note portion
to be paid by delivery of the promissory note, and the share portion to be
accomplished by physical delivery of share certificates to the Escrow Agent for
the Escrow Shares (as defined below) and to UES for the balance of the Issued
Stock, with all such consideration (other than the Escrow Shares) to be
delivered to each Stockholder ratably in accordance with his ownership
percentage in NDS as set forth in Schedule 1.1
hereto.

     

    ARTICLE
III

     

    PURCHASE PRICE
ADJUSTMENT

     

    3.1           Purchase Price
Adjustment.  The Purchase Price shall be subject to a post
Closing adjustment.  The average monthly revenues of NDS for the six
(6) calendar month period ending with the calendar month that ends immediately
prior to Closing shall be the “Base Net Revenue Amount” and the average monthly
revenues of NDS for the six (6) calendar month period commencing with the
calendar month that starts immediately after Closing will be the “New
Net

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    Revenue
Amount.”  For this purpose the Base Net Revenue Amount and the New Net
Revenue Amount shall be computed based upon the total gross receipts from all
lines of NDS business, reduced by the amount of the agent commission costs,
service vendor costs, and equipment costs provided to customers that are
directly related to the revenue amounts and for the period computed, except that
no revenue and expenses related to business delivered to NDS by Scott
Howsare/First Choice Technologies shall be included in this computation for
determining any post Closing adjustment.  If the New Net Revenue
Amount is more than 5% (“Agreed Attrition”) less than the Base Net Revenue
Amount, the purchase price shall be subject to adjustment as
follows:

    

    (a)           For
each dollar that the Base Net Revenue Amount exceeds the sum of the New Net
Revenue Amount and the product of Base Net Revenue Amount times the Agreed
Attrition, the purchase price will be reduced by four ($4.00)
Dollars.  For example if the Base Net Revenue Amount is $100,000, the
New Net Revenue Amount is $85,000 and the Agreed Attrition is 5%, the adjustment
would be computed as follows: $100,000-(85,000+5%*$100,000) =
$10,000.  Adjustment = 4*$10,000 = $40,000.

    

    (b)           The
reduction in purchase price, if any, shall be applied solely against the Issued
Stock based on a price of $.15625 a share

    

    (c)           The
parties agree that at Closing, 7,800,000 shares of common stock (“Escrow
Shares”) in UES shall be placed in escrow with Berenbaum, Weinshienk &
Eason, P.C. (“Escrow Agent”) as security for any adjustments, pursuant to an
Escrow Agreement (“Escrow Agreement”) in the form attached hereto as Exhibit
E.  Any adjustment to the Purchase Price will be satisfied solely from
the Escrow Shares and any portion of the adjustment in excess of the Escrow
Shares will be ignored.

     

    ARTICLE
IV

     

    REPRESENTATIONS AND
WARRANTIES OF NDS

     

    Except as set forth in the Disclosure
Schedule attached to and made a part of this Agreement (the “Disclosure
Schedule”), which identifies exceptions by specific Section references, the
Stockholders and NDS hereby make the following representations and warranties to
Buyer:

     

    4.1           Corporate
Organization.

     

    (a)           NDS
is a corporation duly organized, validly existing and in good standing under the
laws of the state of its incorporation and has all requisite power and authority
to carry on its Business as it is now being conducted and to own, lease and
operate its properties where such properties and assets are now owned, leased or
operated.  Accurate and complete copies of the Articles of
Incorporation and Bylaws of NDS, with all amendments thereto, have been
delivered by the Stockholders to Buyer.  NDS has not been known by any
other corporate name since its inception nor has it sold inventory under any
other name nor has it been the surviving corporation of a merger or
consolidation or acquired all or substantially all of the assets of any business
or person during the period since inception.

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    (b)           NDS
is duly qualified or licensed to do business as a foreign corporation in good
standing in each jurisdiction where the ownership or operation of its properties
or conduct of the Business requires such qualification.  Each such
jurisdiction is set forth in Schedule
4.1(b).

     

    (c)           Except
for Netcom Data Corp., as described below, NDS has no direct or indirect
subsidiaries or any direct or indirect interest by stock ownership or otherwise
in any corporation, partnership, joint venture, association, organization,
business enterprise, limited liability company or other entity.

     

    4.2           Authorization.  The
Stockholders and NDS have all requisite power and authority to execute, deliver,
and perform their obligations under this Agreement. Except for Board Resolutions
approving the transactions, no further corporate act or proceeding on the part
of NDS is necessary to authorize this Agreement or the other Closing Documents
or the consummation of the transactions contemplated hereby and
thereby.  This Agreement and the other Closing Documents have been
duly executed and delivered by NDS and each of the Stockholders who is a party
thereto and this Agreement and the other Closing Documents each constitutes a
valid and binding agreement of NDS and each of the Stockholders who is a party
thereto, enforceable against NDS and such Stockholders in accordance with their
respective terms, except as limited by bankruptcy, insolvency, reorganization,
moratorium, or other laws affecting creditors’ rights generally, and by general
equitable principles affecting the availability of equitable
relief.

     

    4.3           No Violation;
Consents.

     

    (a)           Neither
the execution and delivery of this Agreement or the other Closing Documents, nor
the consummation by the Stockholders or NDS of the transactions contemplated
hereby and thereby (i) will violate any statute, law, rule, regulation, order,
writ, injunction or decree of any court or administrative agency, regulatory
agency or commission or other governmental authority or instrumentality (each a
“Governmental Entity”) applicable to the Stockholders or NDS, (ii) will violate
or conflict with, or constitute a default (or an event which, with notice or
lapse of time, or both, would constitute a default) under, or will result in the
termination of, or accelerate the performance required by, or result in or allow
the creation of any lien, security interest, charge or encumbrance upon any of
the assets of NDS, under any term or provision of (x) the Articles of
Incorporation or Bylaws of NDS or (y) any contract, commitment, understanding,
arrangement, agreement, or restriction of any kind or character to which the
Stockholders or NDS is a party, or by which the Stockholders or NDS, or any of
their respective assets or properties may be bound.

     

    (b)           Except
for such filings, authorizations, consents, or approvals as may be set forth in
Schedule 4.3(b),
no consents or approvals of, or filings or registrations with, any court,
Governmental Entity, or with any third party are necessary in connection with
the execution and delivery by NDS and the Stockholders of this Agreement and the
consummation by NDS and the Stockholders of the transaction contemplated hereby,
and such execution, delivery, and consummation will not constitute a default
(with or without the passage of time and/or the giving of notice) under any
contract, agreement, or Lease to which NDS is a party or give the other party to
any such contract, agreement, or lease a right of termination.

     

    4.4           Capitalization of
NAS.  NDS has 100,000 shares of authorized capital stock
consisting of 100,000 shares of common stock, no par value, of which 50,000
shares of common stock are issued and outstanding and no shares are held as
treasury shares.  No shares of preferred

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    stock
are authorized.  All of the shares of the Stock are validly issued,
fully paid and non-assessable.

     

    4.5           Ownership
of the Stock.

     

    (a)           The
Stockholders are the record and beneficial owners and holders of shares of
capital stock set forth after their names on Schedule 1.1 hereto,
which is all of the issued and outstanding capital stock of NDS, all of which is
held free and clear of all liens, encumbrances, charges, and assessments of any
nature.  The Stock is not subject to any restrictions with respect to
transferability.  The Stockholders have full power and authority to
assign and transfer the Stock to Buyer in accordance with the terms of this
Agreement without obtaining the consent or approval of any other Person or
Governmental Entity, and the delivery of the Stock to Buyer pursuant to this
Agreement will transfer valid title thereto, free of all liens, encumbrances,
charges and assessments of any kind.  The Stockholders acquired all
the Stock from NDS.

     

    (b)           There
are no outstanding warrants, options, contracts, calls, commitments, agreements,
or demands of any character relating to the Stock, and there are no outstanding
securities or other instruments convertible into or exchangeable for shares of
capital stock of NDS, and there are no commitments to issue such securities or
instruments.

     

    (c)           The
Stockholders do not have any claim against, nor is any Stockholder a creditor
of, NDS, except for accrued and unpaid compensation in amounts not to exceed
those set forth in Schedule 4.5(c).

     

    4.6           Netcom Data
Corp.  Netcom Data Corp. (“NDC”) is a corporation duly
organized, validly existing, and in good standing under the laws of the State of
Georgia and has all requisite power and authority to carry on its business as
now being conducted and to own, lease, and operate its properties where such
properties and assets are now owned, leased, or operated.  Accurate
and complete copies of the Articles of Incorporation and Bylaws of NDC, and all
amendments thereto, have been delivered by the Stockholders to the
Buyer.  NDC has not been known by any other corporate name since its
inception nor has it sold inventory under any other name, nor has it been the
surviving corporation of a merger or consolidation or acquired all or
substantially all of the assets of any business or person during the period
since its inception.  NDC is duly qualified and licensed to do
business as a foreign corporation and in good standing in each jurisdiction
where the ownership or operation of its properties or the conduct of its
business requires qualification.  Each such jurisdiction is set forth
in Schedule 4.6.  NDC
has no direct or indirect subsidiaries or any direct or indirect interest by
stock ownership or otherwise in any corporation, partnership, joint venture,
association, organization, business enterprise, limited liability company, or
other entity.  NDC has 250 shares of Common Stock outstanding, all of
which are owned by NDS, free and clear of all liens, encumbrances, charges, and
assessments of any nature.  NDC has no other outstanding shares of
common stock, preferred stock, or other equity securities, has no outstanding
warrants, options, contracts, calls, commitments, agreements, or demands of any
character relating to its stock, has no outstanding securities or other
instruments convertible into or exchangeable for shares its stock and has no
commitments to issue such securities or instruments.  The Stockholders
and NDS make the same representations and warranties with respect to NDC as they
make with respect to NDS under Sections 4.7 through 4.30 of this Agreement
with any items set forth in the Schedules under such Sections to indicate
whether they refer to NDS or NDC.

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    4.7           Financial
Statements.

     

    (a)           The
Stockholders have delivered to Buyer audited balance sheets
of NDS as of December 31, 2006 and December 31, 2007, and the related
audited statements
of income, changes in stockholders’ equity, and cash flow for the year-end
December 31, 2006, and December 31, 2007, together with the report thereon of
Forbes & Company, PC, independent certified public accountants (the “Financial
Statements”).

     

    (b)           The
Financial Statements and notes are complete and correct, are prepared in
accordance with GAAP, and fairly present the financial condition and results of
operations, changes in stockholders’ equity and cash flow of NDS as at the
respective dates of, and for the periods referred to in, the Financial
Statements and reflect the consistent application of such accounting principles
throughout the periods involved, except as disclosed in the notes
thereto.  No financial statements of any Person other than NDS are
required by GAAP to be included in the Financial Statements of NDS.

     

    4.8           No Undisclosed
Liabilities.  Except as reflected in the Financial Statements
and except for current liabilities and obligations incurred in the ordinary
course of business consistent with past practice since December 31, 2007,
NDS does not have any material obligation or liability, whether absolute,
accrued, contingent or otherwise.  There are no facts in existence
that might reasonably serve as the basis for any liability or obligation of NDS
that is not fully disclosed in this Agreement and the Schedules
thereto.   NDS has not received any notice from any trade
creditors or others that delinquency on payment obligations has become or will
become the basis for termination of any business relationships.

     

    4.9           Interim
Operations.  Since December 31, 2007 (the “Financial Statement
Date”), the Business of NDS has been conducted only in the ordinary and
usual course of business consistent with past practice.  Without
limiting the generality of the foregoing, except as reflected in the Financial
Statements, NDS has not since the December 31, 2007, Financial Statement
Date:

     

    (a)           suffered
any material adverse change in financial condition, business, assets,
operations, or prospects, or suffered any uninsured casualty loss or damage with
respect to any of its assets in excess of $20,000 in the aggregate;

     

    (b)           sold,
transferred, or otherwise disposed of any of its properties or assets except in
the ordinary and usual course of business and consistent with past
practice;

     

    (c)           paid
any dividend or made any distribution with respect to the Stock;

     

    (d)           made
any change in any method of accounting or accounting principle; or

     

    
      	
               
      

            	
              (e)

            	
              failed
      to maintain its books, accounts and records in its usual, regular and
      ordinary manner and in accordance with GAAP consistently
      applied.

            

    

     

    4.10        Compliance
with Laws.

     

    (a)           Compliance.  NDS is
in compliance with all Laws applicable to the Business, except for such
noncompliance that does not, individually or in the aggregate, have a Material
Adverse

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    Effect.  All
material reports and returns required by law to be filed by NDS with any
Governmental Entity on or before the date hereof have been filed.  NDS
has never received any notice from any Governmental Entity claiming violation of
any Laws.  NDS has complied with all applicable state and federal
securities Laws in connection with the sale or resale of all equity interests in
NDS.  The Stockholders do not know of any reason why NDS will not or
may not be able to continue the Business, as presently conducted or as proposed
to be conducted after the Closing.

     

    (b)           Licenses and Permits. NDS has
all material governmental licenses and permits required for the conduct of the
Business as currently conducted and is in compliance in all material respects
with all such permits and licenses.  All such licenses and permits are
described in Schedule
4.10(b) and are in full force and effect.

     

    4.11      
  Environmental Matters.

     

    (a)           There
have not been any activities, events or conditions in, on or under NDS Real
Property or any other real property which has been owned, leased, occupied or
under the control of NDS (for purposes of this Section 4.11, collectively,
the “Real
Property”) at any time the Real Property was owned, leased, occupied, or
controlled by NDS or at any time prior thereto, involving the presence,
handling, use, generation, treatment, storage, or disposal of any Hazardous
Substances in violation of, or subject to any unsatisfied material liability
under, applicable Environmental Laws.

     

    (b)           There
have not been any Releases or threatened Releases of any Hazardous Substances
at, to or from any of the Real Property (including without limitation any such
Releases at any other property of any Hazardous Substances generated by NDS at
any time since the Real Property has been owned, leased, occupied, or controlled
by NDS) or at any time prior thereto that (i) is or was in material violation of
applicable Environmental Law to the extent that such Environmental Laws provide
applicable standards defining acceptable levels of Hazardous Substances; (ii) in
the absence of such applicable standards, could reasonably be expected to give
rise to an action to compel an investigation or cleanup or to pay civil
administrative fines, penalties or other damages; or (iii) could reasonably be
expected to result in the imposition of a lien or claim being attached to any
Real Property that could have a Material Adverse Effect on NDS.

     

    (c)           (i)
NDS has been at all times and is now in compliance with all, and has not
received notice that it is otherwise subject to any unsatisfied liability under
any, Environmental Laws; (ii) there is no pending or threatened litigation,
investigation or enforcement action, administrative order or notice of violation
brought under any Environmental Law concerning any of NDS’ operations or the
Real Property; and (iii) NDS has not received any unsatisfied request for
information, notice of claim, demand or other notification or allegation that it
is or may be potentially responsible for any threatened or actual Release of
Hazardous Substances.

     

    (d)           None
of the Real Property is listed, or proposed for listing on the National Priority
List pursuant to CERCLA or any inventory or similar list of hazardous waste
disposal sites maintained by any state or local agency, for which NDS has
received notice that it is considered to be a potentially responsible party or
otherwise may face liability.

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    (e)           Schedule 4.11
contains a complete list of all environmental audits or reports regarding the
Real Property since formation of NDS, and the Stockholders have made copies of
all such audits or reports available to Buyer.

     

    4.12       Title
to and Condition of Properties.

     

    (a)           Real Property.  NDS
does not own any real property.  NDS has delivered to Buyer a true and
correct copy of and Schedule 4.12(a)
sets forth a description of, each lease of real property to which NDS is a party
(the “Leases”).  Each
Lease is valid and in full force, and there does not exist any default or event
that with notice or lapse of time, or both, would constitute a default by NDS
under any Lease.  NDS has not assigned, subleased, or conveyed any
interest in any Lease or the premises covered thereby to any third
party.  All the buildings, fixtures, and leasehold improvements used
by NDS in the Business are located on the Real Property.  The
improvements on the Real Property are not in violation of any applicable Laws or
similar regulatory requirements or zoning requirements, the violation of which
would in any way impair the use of any such improvement in the manner presently
used by NDS.  No claim of adverse possession is pending or, to the
Stockholders’ or NDS’ knowledge, threatened against any portion of the Real
Property.  The rights and privileges of NDS under the Leases are
sufficient to permit NDS to conduct the Business as currently
conducted.  No consent of a landlord or any other consent is required
under any of the Leases in connection with the consummation of the transactions
contemplated by this Agreement and such consummation will not constitute a
default under (with or without the passage of time and/or the giving of notice)
or give a landlord the right to terminate any of the Leases.

     

    (b)           Personal
Property.  NDS has good and marketable title to or holds valid
leasehold interests in all equipment, machinery, furniture, fixtures and other
tangible personal property listed on Schedule 4.12(b),
and such property constitutes all of the personal property currently in
existence which is being used in connection with the Business.  All of
such personal property is located at the Real Property and reflected on the
Financial Statements. None of such personal property is subject to any lien,
encumbrance or security interest or to any contract of sale, except inventory to
be disposed of in the ordinary course of business consistent with past
practice.  The equipment, machinery, furniture and fixtures used or
necessary in the operation of the Business of NDS (i) are not subject to any
commitment or arrangement for their use by any Person other than NDS, (ii) are
in good operating condition and repair, reasonable wear and tear excepted, and
(iii) are usable for the purposes for which they are intended.  NDS
holds valid and binding lease agreements for all personal property that is used
in and material to the business of NDS and that is not owned by
NDS.

     

     (c)           No Condemnation or
Expropriation.  Neither the whole nor any portion of any
property or assets of NDS or the Real Property is subject to any governmental
decree or order directing or authorizing the sale, condemnation, expropriation
or other taking of such property or assets by any Governmental Entity, with or
without payment of compensation therefore, nor, to the knowledge of NDS, is any
such governmental action threatened.

     

    4.13        Contracts
and Commitments.

     

    (a)           Real Property
Leases.  Except for the Leases, which are described in Schedule 4.13(a), NDS
is not a party to any lease of real property, whether as lessor or
lessee.

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    (b)           Material
Contracts.  Schedule 4.13(b)
contains a complete list of all leases of personal property and all Contracts
(other than Agent Contracts referred to in Section 4.13(d)) to which NDS is
a party of any nature:  (i) that involve consideration or other
expenditures in excess of $5,000; (ii) that require performance over a
period of more than thirty (30) days; (iii) that are so burdensome as to
have a Material Adverse Effect; or (iv) that are otherwise material to the
Business of NDS.  Each Contract listed on Schedule 4.13(b)
is in full force and effect and is a legal, valid, and binding contract of
NDS.  NDS does not have any present expectation or intention of not
fully performing any material obligation of any Contract listed on Schedule
4.13(b).

     

    (c)           Purchase Commitments. NDS has
no purchase commitments for inventory items or supplies other than in the
ordinary course of NDS’s Business.

     

    (d)           Agent
Contracts.  Schedule 4.13(d)
contains a correct and current list of all contracts between NDS and independent
sales organizations and independent sales agents (“Agent
Contracts”).  Each Agent Contract listed on Schedule 4.13(d)
is in full force and effect and is a legal, valid, and binding contract of NDS
and the other party(ies) (“Sub-Agents”) thereto.  Except as indicated
Schedule 4.13(d),
NDS has no information and is not aware of any facts indicating that any of
these Sub-Agents intend to cease doing business with NDS or materially alter the
amount of the business that they are presently doing with NDS.  NDS
shall provide copies of all new Agent Contracts entered into after the date
hereof and prior to Closing and all such new Agent Contracts shall be added to
Schedule
4.13(d) as of the Closing Date. Except for the Agent Contracts listed on
Schedule
4.13(d), NDS has no forward obligations under consulting or other service
agreements or contracts with independent sales organizations or sales
agents.

     

    (e)           Powers of
Attorney.  NDS has not given a power of attorney, which is
currently in effect, to any Person for any purpose whatsoever.

     

    (f)           Contracts with
Affiliates.  NDS does not have any Contract with any Affiliate
that is not cancelable by NDS on notice of not longer than thirty (30) days,
without liability, penalty or premium of any nature or kind.

     

    (g)           Contracts With Employees; Best
Efforts.  NDS does not have any collective bargaining or
employment agreements, non-disclosure or non-competition agreements, or any
agreements that contain any severance or termination pay, liabilities, or
obligations, or any bonus, vacation, deferred compensation, stock purchase,
stock option, profit sharing, pension, retirement, or other Employee Benefit
Plans not otherwise disclosed in the December 31, 2007, Financial Statements, a
copy of which has been delivered to Buyer.  The Stockholders shall use
his best efforts to assist Buyer to retain the employment by NDS of those key
employees desired by Buyer, including Bill Plummer, Michael Plummer, and Beverly
Plummer.

     

    (h)           Contracts Subject to Renegotiation or
Termination.  NDS is not a party to any Contract that is
subject to renegotiation or as to which NDS or the Stockholders have been
advised that the Contract will be terminated.

     

    (i)           Loan Agreements and
Guarantees.  Except as set forth on Schedule 4.13(i),
NDS is not obligated under any loan agreement, promissory note or other evidence
of indebtedness as a signatory, guarantor or otherwise and has not otherwise
guaranteed the performance by any person or entity of the obligations of such
person or entity under any Contract or other agreement.

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    (j)           Joint Ventures.  NDS
is not a party to any joint venture contract, partnership arrangement, or other
agreement involving a sharing of profits, losses, costs or liabilities by NDS
with any other party.

     

    (k)           Restrictive
Covenants.  NDS is not a party to any Contract containing
covenants that in any way purport to restrict NDS’ business activity or purport
to limit the freedom of NDS to engage in any line of business or to compete with
any person.

     

    (l)          
 No
Default.  NDS is not in default under the Leases, any other
material lease, or any Contract, nor has any event occurred, which through the
passage of time or the giving of notice, or both, would constitute a default by
NDS, or cause the acceleration of any of NDS’ obligations thereunder, or result
in the creation of any material lien, encumbrance or restriction on any of the
assets of NDS.  To the knowledge of the Stockholders or NDS, no third
party is in default under any material lease or Contract to which NDS is a
party, nor has any event occurred that, through the passage of time or the
giving of notice, or both, would constitute a default thereunder.

     

    4.14        Labor Matters.  NDS
has not experienced any labor disputes, union organization attempts or any work
stoppage due to labor disagreements in connection with its
business.  The Stockholders and NDS represent and warrant that: (a)
there is no unfair labor practice charge or complaint against NDS pending before
the National Labor Relations Board or any Governmental Entity; (b) there is no
labor strike, dispute, written request for representation, slowdown, or stoppage
currently pending or threatened against NDS (including without limitation any
organizational drive); (c) no written inquiry concerning representation of NDS
employees has been received by NDS and the Stockholders have no knowledge of any
questions having been raised with respect thereto; (d) there is no labor
grievance which, if determined adversely to NDS could have a Material Adverse
Effect; (e) no arbitration proceeding arising out of or under any collective
bargaining agreement to which NDS is a party is pending, nor do the Stockholders
have any knowledge of any basis therefore; and (f) there are no administrative
charges or court complaints against NDS concerning alleged employment
discrimination or other employment-related matters pending or threatened before
the U.S. Equal Employment Opportunity Commission or any state or federal court
or agency.

     

    4.15       Employee
Benefit Plans.

     

    (a)           Schedule 4.15 sets
forth a true and complete list of all written and oral Employee Benefit Plans to
which NDS is a party, or under which NDS has any obligations, present or future
(other than obligations to pay current wages, salaries, or sales commissions
terminable on notice of thirty (30) days or less) in respect of, or which
otherwise cover or benefit, any of the current or former officers, employees, or
sales representatives (whether or not employees) of NDS, or their
beneficiaries.  NDS has delivered or made available to Buyer true and
complete copies of all documents, as they may have been amended to the date
hereof, embodying the terms of the Employee Benefit Plans.

     

    (b)           Except
for the Employee Benefit Plans identified in Schedule 4.15, no
Employee Benefit Plan is an “employee pension benefit plan,” “employee welfare
benefit plan” or “employee benefit plan” within the meaning of Sections 3(1),
3(2) and 3(3) of ERISA.  Except as set forth on Schedule 4.15,
no Employee Benefit Plan which the Stockholders or any ERISA Affiliate (as
hereinafter defined) has maintained or contributed to is subject to Title IV of
ERISA or Section 412

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    of
the Code.  For purposes of this Section 4.15, the term “ERISA Affiliate”
shall mean a trade or business (whether or not incorporated) which is under
common control with NDS within the meaning of Sections 414(b) and 414(c) of the
Code or the regulations promulgated thereunder.

     

    (c)           NDS
is not a “leasing organization” within the meaning of Section 414(n)(2)(A) and
has not under the Code maintained a plan, in its capacity as a leasing
organization, that meets the safe harbor requirements of Section 414(n)(5)
of the Code, and NDS has not made any representations (including oral
representations) with respect to the existence of such a plan to any customers,
clients, employees, or any other Person. NDS does not maintain nor has
maintained any “voluntary employees’ beneficiary association” within the meaning
of Section 501(c)(9) of the Code.

     

    (d)           Each
Employee Benefit Plan described on Schedule 4.15 is in
full force and effect, is being maintained in all material respects in
accordance with its terms and there are no material actions, suits, or claims
pending (other than routine claims for benefits), or, to the best of NDS’ or
Stockholders’ knowledge, threatened, against any Employee Benefit Plan or
against NDS, administrators, fiduciaries, accountants, actuaries, attorneys, or
other third-party service providers (collectively, the “Service Providers”)
with respect to an Employee Benefit Plan.  NDS and the Service
Providers have performed all material obligations required to be performed by
them under, and are not in default under or in violation of, any Employee
Benefit Plan, in any material respect, and NDS and the Service Providers are in
compliance in all material respects with all Laws applicable to the Employee
Benefit Plans, including, without limitation, ERISA and the
Code.  With respect to each Employee Benefit Plan, NDS has delivered
or made available to Buyer true and complete copies of the following documents
where applicable:  (i) the most recent annual report (Form 5500
series) and accompanying schedules filed with the IRS, and any financial
statement and opinion required by Section 103(a)(3) of ERISA; (ii) the most
recent determination letter issued by the IRS and any pending request for a
determination letter; (iii) the most recent summary plan description and all
modifications; and (iv) the text of each Employee Benefit Plan and of any trust,
insurance or annuity contract maintained in connection
therewith.  Neither NDS nor any other “party-in-interest”, as defined
in Section 3(14) of ERISA, has engaged in any “prohibited transaction,” as
defined in Section 406 of ERISA, which could subject any Employee Benefit Plan,
NDS, the Stockholders or Buyer, or any officer, director, partner or employee of
NDS or Buyer, or any fiduciary of any Employee Benefit Plan to a material
penalty or excise tax imposed under Section 502(i) of ERISA and Section 4975 of
the Code.

     

    (e)           NDS
is not a party to any agreement to provide nor does it have an obligation to
provide (except pursuant to Section 162(k) of the Code with respect to tax years
beginning before January 1, 1989 and Section 4980B of the Code thereafter) any
individual with any retirement, medical or life insurance benefit following his
or her retirement, death or termination of employment. NDS and all ERISA
Affiliates have complied in all material respects with all their obligations
under Section 162(k) and Section 4980B of the Code.

     

    (f)           Neither
NDS, the Stockholders, any Employee Benefit Plan or Service Provider has
breached any obligation to any plan participant, beneficiary or other Person
under any provision of ERISA or any other applicable legal requirements to pay
benefits with respect to or in connection with any Employee Benefit Plan. NDS is
not delinquent or in arrears with respect to any contributions due under any
Employee Benefit Plan.

     

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

    (g)           Each
funded Employee Benefit Plan that is a “pension plan” as defined in
Section 3(2) of ERISA that is intended to be a qualified plan is qualified
under Section 401(a) of the Code, and the trust maintained in connection with
such Employee Benefit Plan has received a determination letter from the IRS that
its trust is exempt from Tax under Section 501(a) of the Code.  No
event has occurred that will or could give rise to disqualification or loss of
Tax-exempt status of any such Employee Benefit Plan or trust under Code Sections
401(a) or 501(a).  No event has occurred that could subject any such
Employee Benefit Plan to any material Tax under Section 511 of the
Code.  Determination letters relating to any required amendments for
any law change have been applied for and received within the period prescribed
by law for each such required change.

     

    (h)           Each
Employee Benefit Plan can be terminated by NDS or Buyer within thirty (30) days
following the Closing Date without any additional contribution to such Employee
Benefit Plan or the payment of any additional compensation or other amount,
without the additional vesting or acceleration or benefits and without the
consent of any person or entity other than NDS or Buyer.

     

    (i)           Each
employee welfare benefit plan within the meaning of Section 3(1) of ERISA
intended to meet the requirements for tax-favored treatment under the Code has
met such requirements.

     

    4.16       Employee
Compensation.  Schedule 4.16
contains a true and complete list of the employees of NDS as of the date of this
Agreement, together with, to the extent applicable, (i) the current hourly rate
of compensation for hourly employees, (ii) the current rate of compensation for
salaried employees, (iii) the current titles of each such employee; and (iv) any
changes in compensation since inception.  No other Person, other than
accountants, attorneys, franchisees, independent contractors and distributors,
regularly performs compensable services relating to the Business.  The
Stockholders have delivered to Buyer true and correct copies of NDS’ current
written employee policies and practices (including without limitation any
employee handbook).

     

    4.17       Intellectual
Property.  Schedule 4.17 lists
all patents, patent applications, trade names, trademarks, trademark
registrations and applications, service marks, copyrights, and copyright
registrations and applications, domestic or foreign (collectively, “Intellectual
Property”) owned, possessed, used or held (under license or otherwise) by
NDS, in each case free and clear of all liens and encumbrances.  NDS
has not granted any license, made any assignment, or entered into any agreement
with respect to, or otherwise consented in writing to the use by any other
person of, any Intellectual Property right listed on Schedule 4.17, nor
does NDS pay any royalties or other consideration for the right to use any
Intellectual Property of others.  There are no inquiries,
investigations, claims or litigation challenging or threatening to challenge
NDS’ right, title and interest in and to its Intellectual Property or its
continued use and right to preclude others from using any of such Intellectual
Property.  There are no inquiries, investigations, claims or
litigation alleging, nor any judgments holding, that the activities of NDS
constitute an infringement of any intellectual property right of a third
party.

     

    4.18       Major Customers.

     

    (a)           Schedule 4.18
contains a list of the ten (10) largest customers of NDS for each of the two
most recent fiscal years (determined on the basis of the total dollar amount of
net sales or

     

    
      
         

      

      
        -12-

        
          

        

      

      
         

      

    

    services),
showing the total dollar amount of net sales or services to each such customer
during each such year.

     

    (b)           Neither
the Stockholders nor NDS has received any written or oral notice from any
customer of NDS listed in Schedule 4.18 stating
that such customer of NDS intends to limit its business or cease to be a
customer of NDS after the Closing Date.

     

    4.19        Related
Person Indebtedness.

     

    (a)           Neither
the Stockholders nor any Affiliate of the Stockholders has any direct or
indirect interest (except through the ownership of securities listed on a
national securities exchange) in (i) any Person which does business, or is in
competition, with NDS, or (ii) any property, asset or right which is used by NDS
in the conduct of its Business.

     

    (b)           Schedule 4.19(b)
contains a list of (i) all obligations to NDS of the Stockholders or any
Affiliate, and (ii) all obligations of NDS to the Stockholders or any
Affiliate.

     

    4.20        Brokers or
Finders.  Neither the Stockholders, NDS, nor any person acting
on their behalf has employed any broker or finder or consultant, or has incurred
any obligation or liability for any brokerage fees, commissions, finders’ fees
or consultants’ fees in connection with the transactions contemplated by this
Agreement, and no Person has or will have any right, interest or valid claim
against or upon Buyer or NDS for any such fee or commission.

     

    4.21        Insurance.

     

    (a)           Schedule 4.21
contains an accurate and complete description of all policies of property, fire
and casualty, general liability, auto, workers’ compensation, and other forms of
insurance owned or held by NDS.  Copies of such policies have been
provided to Buyer.

     

    (b)           All
policies described in Schedule 4.21(i)
are sufficient for compliance in all material respects with all requirements of
law and of all applicable agreements to which NDS is a party or by which NDS is
bound, (ii) are valid, outstanding, and enforceable policies, (iii) provide
adequate insurance coverage for the assets and the operations of NDS for all
material risks normally insured against by a person or entity carrying on the
same business or businesses as NDS, and (iv) will not in any way be affected by,
terminate, or lapse by reason of, the transactions contemplated by this
Agreement.  NDS is not in default with respect to any provision
contained in any of the policies described in Schedule 4.21 and has
not failed to give any notice or present any claim under any of such insurance
policies in a due and timely fashion.

     

    (c)           Neither
the Stockholders nor NDS has received, (i) any notice of cancellation of any
policy described in Schedule 4.21 or
refusal of coverage thereunder, (ii) any notice from any insurance carrier
denying or disputing any claim made by NDS, the coverage for any claim or the
amount of any claim, (iii) any notice that any issuer of such policy has filed
for protection under applicable bankruptcy laws or is otherwise in the process
of liquidating or has been liquidated, or (iv) any other indication (oral or
written) that such policies are no longer in full force or effect or that the
issuer of any such policy is no longer willing or able to perform its
obligations thereunder.

     

    
      
         

      

      
        -13-

        
          

        

      

      
         

      

    

    4.22        Tax
Matters.

     

    (a)           (i)
All Tax Returns with respect to Taxes that are required to be filed by or with
respect to NDS on or before the Closing Date have been or will be duly filed on
or before the Closing Date, and all such Tax Returns are or will be true and
complete in all material respects, (ii) all Taxes due from or in respect of NDS
for the periods covered by the Tax Returns referred to in clause (i) have been
or will be paid in full on or before the Closing Date and NDS has made or will
make all payments of estimated Taxes required to be made on or before the
Closing Date, (iii) all deficiencies asserted or assessments made on or before
the Closing Date as a result of examinations by federal, state, material local
or foreign taxing authorities have been or will be paid in full on or before the
Closing Date and (iv) no issues that have been raised by the United State
Internal Revenue Service or any other taxing authority in connection with the
examination of any of the returns or reports referred to in clause (i) are
currently pending.

     

    (b)           With respect to all periods
through the most recently completed fiscal quarter of NDS for which Tax Returns
have not yet been filed, or for which Taxes are not yet due or owing, NDS has
made due and sufficient current accruals for such Taxes in accordance with GAAP,
and such current accruals are duly and fully provided for in the Financial
Statements.

     

    (c)           As
of the Closing Date, NDS will not be a party to, will not be bound by, and will
have no obligation under, any tax sharing agreement or contract.

     

    (d)           (i)
NDS is not currently the beneficiary of any extension of time within which to
file any Tax Return, (ii) to NDS’ knowledge, no claim has ever been made by an
authority in a jurisdiction where NDS does not file Tax Returns that it is or
may be subject to taxation by that jurisdiction, (iii) NDS is subject to income
tax only with respect to the United States and the jurisdictions where it
conducts business as set forth in Schedule 4.1(b), (iv)
there are no security interests on any of the assets of NDS that arose in
connection with any failure (or alleged failure) to pay any Tax, and (v) no Tax
liability will be incurred by NDS as a result of the transactions contemplated
by this Agreement.

     

    (e)           NDS
has withheld and paid all Taxes required to have been withheld and paid in
connection with amounts paid or owing to any employee, independent contractor,
creditor, stockholder, or other third party.

     

    (f)           NDS
has not waived any statute of limitations in respect of Taxes or agreed to any
extension of time with respect to a Tax assessment or deficiency.

     

    (g)           NDS
has no liability for the Taxes of any Person other than NDS (i) under Treas.
Reg. §1.1502-6 (or any similar provision of state, local, or foreign law), (ii)
as a transferee or successor, (iii) by contract, or (iv) otherwise.

    

    4.23        No Litigation.

    

    (a)           Except
as set forth in Schedule 4.23,
there are no lawsuits, actions, proceedings, inquiries, claims, orders, or
investigations by or before any court or governmental or other regulatory agency
or commission (including actions or proceedings seeking injunctive relief)
pending or, to the knowledge of the Stockholders or NDS, threatened against the
Stockholders or

    
      
         

      

      
        -14-

        
          

        

      

      
         

      

    

    NDS,
before any court, administrative or regulatory body, or any Governmental
Entity.  None of the matters set forth on Schedule 4.23, if
any, individually or in the aggregate, will have or could reasonably be expected
to have a Material Adverse Effect.

    

    (b)           There
are no lawsuits, actions, proceedings, inquiries, claims, orders, or
investigations by or before any court or governmental or other regulatory agency
or commission (including actions or proceedings seeking injunctive relief)
pending or, to the Stockholders’ or NDS’ knowledge, threatened against the
Stockholders or NDS and there are no facts or circumstances known to the
Stockholders or NDS that could result in a claim for damages or equitable relief
that, if decided adversely, could, individually or in the aggregate, materially
impair the ability of the Stockholders or NDS to perform its obligations under
this Agreement.

     

    4.24        Certain
Payments.  Neither the Stockholders, NDS nor any director,
officer, agent, or employee of NDS has and no other Person associated with or
acting for or on behalf of NDS has directly or indirectly (a) made any
contribution, gift, bribe, rebate, payoff influence payment, kickback, or other
payment to any Person, private or public, regardless of form whether in money,
property, or services (i) to obtain favorable treatment in securing business,
(ii) to pay for favorable treatment for business secured or (iii) to obtain
special concessions or for special concessions already obtained for or in
respect of NDS or any Affiliate of NDS or (b) established or maintained any fund
or asset that has not been recorded in the books of NDS.

     

    4.25     
  Corporate
Records.  The minute books, stock certificate books, and stock
transfer ledgers of NDS are complete and accurate in all material respects and
reflect all those transactions and corporate acts that properly should have been
set forth therein, including but not limited to records of all formal meetings
of, and corporate action taken by, the stockholders and directors of
NDS.  No meetings of such stockholders and directors have been held
for which minutes have not been prepared and are not contained in such minute
books.

     

    4.26        Absence of Certain Changes or
Events.  Except as set forth in Schedule 4.26, there
has not been any Material Adverse Effect on NDS (including without limitation
any loss of employees or customers that has had a Material Adverse Effect, or
that is reasonably likely to have a Material Adverse Effect, on NDS) and, to the
best knowledge of the Stockholders or NDS, no fact or condition exists which is
reasonably likely to cause such a Material Adverse Effect on NDS in the
future.

     

    4.27        Accounts
Receivable.  All accounts receivable of NDS are valid,
represent sales actually made in the ordinary course of business, and to the
best knowledge of the Stockholders, will be collectible net of any reserves
shown on the Financials Statements.

     

    4.28        Agreements with Regulatory
Agencies.  NDS is not subject to any cease-and-desist or other
order issued by, or is a party to any written agreement, consent agreement, or
memorandum of understanding, commitment letter, suspension order, or similar
undertaking (each a “Regulatory
Agreement”) with any regulatory agency or any other Governmental Entity
that restricts the conduct of its business in any material respect, nor has NDS
been notified by any regulatory agency or any other Governmental Entity that it
is considering issuing or requesting any Regulatory Agreement.

     

    4.29        Disclosure.  No
representation or warranty of the Stockholders or NDS contained in this
Agreement or fact disclosed in the Schedules hereto contains any untrue
statement or omits to

     

    
      
         

      

      
        -15-

        
          

        

      

      
         

      

    

    state
a material fact necessary in order to make the statements herein or therein, in
light of the circumstances under which they were made, not misleading.  No information material
to NDS, the Business, or the transaction which is necessary to make
Stockholders’ or NDS’ representations and warranties contained herein not
misleading, has been withheld from, or has not been delivered in writing to
Buyer.

     

    ARTICLE
V

     

    REPRESENTATIONS AND
WARRANTIES OF BUYER

     

    Buyer
represents and warrants to the Stockholders as follows:

     

    5.1           Corporate Organization and
Qualification.  Buyer is a corporation duly organized, validly
existing, and in good standing under the laws of the State of
Nevada.  Buyer has the corporate power and authority to own or lease
all of its properties and assets and to carry on its business as it is now being
conducted, and is duly licensed or qualified to do business in each jurisdiction
in which the nature of the business conducted by it or the character or location
of the properties and assets owned or leased by it makes such licensing or
qualification necessary, except where the failure to be so licensed or qualified
would not have a Material Adverse Effect on Buyer.  The Certificate of
Incorporation and Bylaws of Buyer, copies of which have previously been
delivered to NDS, are true and complete copies of such documents as in effect as
of the date of this Agreement.

     

    5.2           Authority.  Buyer
has full corporate power and authority to execute and deliver this Agreement and
to consummate the transactions contemplated hereby.  The execution and
delivery of this Agreement by Buyer and the consummation by Buyer of the
transactions contemplated hereby have been duly and validly authorized by all
requisite corporate action on the part of Buyer.  No corporate
proceedings on the part of Buyer are necessary to approve this Agreement and to
consummate the transactions contemplated hereby.  This Agreement has
been duly and validly executed and delivered by Buyer and (assuming the due
authorization, execution, and delivery by NDS and the Stockholders) constitutes
a valid and binding obligation of Buyer, enforceable against Buyer in accordance
with its terms, subject to the effect of any applicable bankruptcy,
reorganization, insolvency (including, without limitation, all laws relating to
fraudulent transfers), moratorium, or similar laws affecting creditors’ rights
and remedies generally and subject, as to enforceability, to the effect of
general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law).

     

    5.3           No
Violations.  Neither the execution and delivery of this
Agreement by Buyer, nor the consummation by Buyer of the transactions
contemplated hereby, nor compliance by Buyer with any of the terms or provisions
hereof, will (i) violate, conflict with, or result in a breach of any provision
of the  Certificate of Incorporation or Bylaws of Buyer, or (ii)(x)
violate any statute, code, ordinance, rule, regulations, judgment, order, writ,
decree or injunction applicable to the Buyer or any of its properties or assets,
or (y) violate, conflict with, result in a breach of any provisions of or the
loss of any benefit under, constitute a default (or any event which, with notice
or lapse of time, or both, would constitute a default) under, result in the
termination of or a right of termination or cancellation under, accelerate the
performance required by, or result in the creation of any lien, pledge, security
interest, charge, or other encumbrance upon any of the terms, conditions, or
provisions of any note, bond, mortgage, indenture, deed of trust, license,
lease, agreement, or other

     

    
      
         

      

      
        -16-

        
          

        

      

      
         

      

    

    instrument
or obligation to which Buyer is a party, or by which they or any of their
respective properties or assets may be bound or affected, except (in the case of
clause (y) above) for such violations, conflicts, breaches, or defaults which,
either individually or in the aggregate, will not have a Material Adverse Effect
on Buyer.

     

    5.4           Broker’s
Fees.  Neither Buyer nor any of its members or officers have
employed any broker or finder or incurred any liability for any broker’s fee,
commission, or finder’s fee in connection with any of the transactions
contemplated by this Agreement.

     

    5.5           Capitalization of
Buyer.  Buyer has 75,000,000 shares of authorized capital stock
consisting of 75,000,000 shares of common stock, $.001 par value, of which
18,291,667 shares of common stock are issued and outstanding, and no shares are
held as treasury shares.  No shares of preferred stock are
authorized.  Buyer currently intends to have a 1-for-8 reverse stock
split of its stock, occur after the Closing hereunder, but the number of shares
of Issued Stock that will be issued at the Closing will not be affected, and
will be adjusted the same as all outstanding shares of common stock when and if
the reverse split occurs.

     

    5.5           Disclosure.  No
representation or warranty of Buyer contained in this Agreement contains any
untrue statement of a material fact or omits to state a material fact necessary
in order to make the statements herein, in light of the circumstances in which
they are made, not misleading.  No information material to the
transaction and which is necessary to make Buyer’s representations and
warranties contained herein not misleading, has been withheld from, or has not
been delivered in writing to NDS or the Stockholders.

     

    ARTICLE
VI

     

    ADDITIONAL REPRESENTATIONS
AND WARRANTIES OF STOCKHOLDERS

     

    Each
Stockholder represents and warrants to Buyer as follows:

     

    (a)           Each
Stockholder is the record and beneficial owners and holders of shares of capital
stock set forth after his name on Schedule 1.1 hereto,
which is all of the issued and outstanding capital stock of NDS, all of which is
held free and clear of all liens, encumbrances, charges and assessments of any
nature.  The Stock is not subject to any restrictions with respect to
transferability.  Each Stockholder has full power and authority to
assign and transfer the Stock to Buyer in accordance with the terms of this
Agreement without obtaining the consent or approval of any other Person or
Governmental Entity, and the delivery of the Stock to Buyer pursuant to this
Agreement will transfer valid title thereto, free of all liens, encumbrances,
charges and assessments of any kind.  Each Stockholder acquired all
the Stock from NDS.

     

    (b)           There
are no outstanding warrants, options, contracts, calls, commitments, agreements,
or demands of any character relating to the Stock, and there are no outstanding
securities or other instruments convertible into or exchangeable for shares of
capital stock of NDS, and there are no commitments to issue such securities or
instruments.

     

    (c)           Each
Stockholder does not have any claim against, nor is any Stockholder a creditor
of, NDS, except for accrued and unpaid compensation in amounts not to exceed
those set forth in Schedule 4.5(c).

     

    
      
         

      

      
        -17-

        
          

        

      

      
         

      

    

    (d)           This
Agreement has been duly executed and delivered by each Stockholder (assuming due
authorization, execution and delivery by the other parties hereto) and
constitutes, and the other Closing Documents when executed and delivered will
constitute, valid and binding obligations of each Stockholder, and enforceable
against each Stockholder in accordance with their respective terms, subject to
the effect of any applicable bankruptcy, reorganization, insolvency (including,
without limitation, all laws relating to fraudulent transfers), moratorium or
similar laws affecting creditors’ rights and remedies generally and subject, as
to enforceability, to the effect of general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity or at
law).

     

    (e)           Each
Stockholder is acquiring the Issued Stock and Note (collectively, “Securities”)
for his own account for investment and not with a view to, or for sale in
connection with, any distribution of any thereof and with no present intention
of disposing of any thereof.  Each Stockholder acknowledges that the
Securities have not been registered under the Securities Act of 1933, as amended
(“Securities Act”) or qualified under applicable state securities laws and
confirms to the Buyer that he understands the restrictions on resale of the
Securities imposed by such laws, including Rule 144 promulgated under the
Securities Act and that the Securities may only be sold in limited
circumstances.

     

    (f)           Notwithstanding
the provisions of subsection (e), a Stockholder may transfer the Securities
in compliance with the provisions of the Securities Act (including Rule 144
promulgated thereunder) and any applicable provision of state
law.  Prior to any transfer of the Securities otherwise than in an
offering registered under the Securities Act, the Stockholder will notify the
Buyer of its intention to effect such transfer, indicating the circumstances of
the proposed transfer and, if reasonably requested by the Buyer, furnish the
Buyer with an opinion of its counsel, in form and substance reasonably
satisfactory to counsel for the Stockholder, to the effect that the proposed
transfer may be made without registration under the Securities Act or
qualification under any applicable state securities law.  The Buyer
will promptly notify the Stockholder if the opinion of counsel furnished to the
Buyer is reasonably satisfactory to counsel for the Buyer.

     

    (g)           Each
Stockholder understands that the Buyer will place the following legend and any
other legend required by law on the Issued Stock:

     

    THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 OR ANY APPLICABLE STATE LAW, AND NO INTEREST THEREIN MAY
BE SOLD OR OTHERWISE TRANSFERRED, PLEDGED, OR HYPOTHECATED IN THE ABSENCE OF
SUCH REGISTRATION AND QUALIFICATION WITHOUT AN OPINION OF LEGAL COUNSEL THAT
SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED.

     

    The
Buyer shall, upon the request of any holder of a certificate for the Issued
Stock bearing the foregoing legend and the surrender of such certificate, issue
a new stock certificate without the foregoing legend if (i) the stock
evidenced by such certificate has been effectively registered under the
Securities Act and sold by the holder thereof in accordance with such
registration, or (ii) such holder shall have delivered to the Buyer a
written legal opinion reasonably acceptable to the Buyer

     

    
      
         

      

      
        -18-

        
          

        

      

      
         

      

    

    to
the effect that the restrictions set forth herein are no longer required or
necessary under any federal or state law or regulation.

     

    (h)           Each
Stockholder is an “Accredited Investor” under the Securities
Act.  Each Stockholder has such knowledge and experience in financial
and business matters that he is capable of evaluating the risks of his
investment in securities of the Buyer and is able to bear the economic risks of
such investment.  Each Stockholder believes he has received all
information he considers necessary or appropriate for deciding whether to
acquire the Securities.  Each Stockholder has had an opportunity to
ask questions and receive answers from the Buyer regarding this investment and
believes he has made an informed judgment with respect to his investment in
securities of the Buyer.  Each Stockholder acknowledges that he has
been informed that the Buyer desires to raise approximately $7.5 million through
a private offering and to have a reverse split of its stock subsequent to the
Closing.  Buyer also intends to acquire (will cause NDS to acquire )
or on or after the Closing, the LaSalle Bank portfolio from Net Com Data
Corp of N.Y. (“Net Com NY”) which includes shared accounts with NDS (currently
being paid to American Timeshare Associates, Inc.) and the LaSalle Bank
portfolio owned solely by Net Com NY, plus the shared Global Payment portfolio
which is currently paid to American Timeshare Associates, Inc., for
approximately $2,275,000.00 cash, plus approximately 3,200,000 shares of common
stock (with a portion of the cash and shares to be subject to earn-out and with
the number of shares to be will be proportionately adjusted downward if the
reverse split occurs).  Each Stockholder acknowledges that these
transactions are still being negotiated and there is no guaranty that any or all
of these transactions will take place or will take place on the terms
described.

     

     

    ARTICLE
VII

     

    COVENANTS OF NDS AND
STOCKHOLDERS

     

    7.1           Conduct of the Business Pending
Closing.  NDS and the Stockholders agree that from the date
hereof until the earlier of (i) the Closing Date, or (ii) termination of the
Agreement, except as otherwise approved in writing by Buyer:

     

    (a)           Conduct of
Business in Normal Course.  NDS shall carry on its business and
activities diligently and in substantially the same manner as they previously
have been carried on, and shall not make or institute any unusual or novel
methods of purchase, sale, lease, management, accounting or operation that will
vary materially from the methods used by NDS as of the date of this
Agreement.

     

    (b)           Preservation of
Business and Relationships.  NDS shall use its best efforts,
without making any commitments on behalf of Buyer, to preserve its business
organization intact, to keep available to Buyer its present officers and
employees, and to preserve its present relationships with suppliers, customers
and others having business relationships with it.

     

    (c)           No Asset acquisition
or Disposition.  NDS will make no
material acquisition or disposition of assets, nor incur any additional
indebtedness, nor enter into any Contract not in the ordinary course of business
or as permitted by Section 7.1(e), without the prior approval of
Buyer.

     

    
      
         

      

      
        -19-

        
          

        

      

      
         

      

    

    (d)           Liens.  NDS
shall not create and shall not permit any third party to create any liens,
encumbrances and shall conduct the Business only in the normal course generally
consistent with past practice.

     

    (e)           Contracts.  Except
as provided as Section 7.3, NDS shall not enter into or maintain any other
vendor relationships for the purposes of providing credit card or ACH processing
services unless approved by Buyer.  NDS may enter into Agent Contracts
with Sub-Agents which are assignable to Buyer at Closing and that are
substantially on the form attached hereto as Exhibit
D.  On the date of this Agreement, NDS has provided to Buyer
copies of all Agent Contracts.  NDS shall provide copies of all new
Agent Contracts entered into after the date hereof and prior to
Closing.

     

    (f)           Obligations.  NDS shall
continue to meet the contractual obligations of, and to pay non-contested
obligations relating to, the Business as they mature in the normal course. NDS
shall be obligated to pay or otherwise satisfy in the ordinary course all of the
trade payables of the Business and shall fully pay or cause to be paid or
otherwise satisfied all other claims or liabilities relating to the assets or
the Business incurred through the Closing Date.

     

    (g)           Suppliers.  NDS
shall use commercially reasonable efforts to maintain the business relations of
NDS with its suppliers, customers and others with whom it has business relations
relating to the Business generally consistent with past practice.

     

    (h)           Employee
Plans. NDS shall
not increase, terminate, amend, or otherwise modify any Employee Benefit Plan
nor enter into any employment or severance agreement with any director, officer,
or other employee of NDS.

     

    (i)           Salaries.  NDS
shall not give any increases in the rates of salary or other compensation
payable to employees, directors, consultants, advisors, or agents.

     

    (j)           Dividends.  NDS shall not
pay any dividend or make any other distribution in respect of its capital stock;
not redeem, purchase or otherwise acquire any of its own capital stock; not
grant any options on its equity; not issue or in any way dispose of any shares
of its own capital stock.

     

    7.2           No
Negotiations/Solicitations.  NDS and the Stockholders shall not
directly or indirectly (through a representative or otherwise) solicit or
furnish any information to any prospective purchaser, or commence or conduct
presently ongoing negotiations with any other party, or enter into any agreement
with any other party concerning the sale of the Stock, NDS, NDS Business or
assets, or any part thereof (an “Acquisition Proposal”); and NDS shall promptly
notify Buyer of the receipt of any Acquisition Proposal and the terms thereof,
provided that NDS shall be under no obligation to disclose to Buyer the identity
of the author of any such Acquisition Proposal.  The Stockholders
shall not dispose of any interest the Stock except pursuant to this Agreement,
as the same may be amended and in affect from time to time.

     

    7.3           Agent
Contracts.  NDS and UES have executed and delivered a Master
Agency Agreement, such agreement shall be effective and enforceable at all times
from the date hereof to and including the Closing Date pursuant to which NDS
shall agree to exclusively use UES as the sole provider of ACH services offered
to Sub-Agents or other sales channels.

     

    
      
         

      

      
        -20-

        
          

        

      

      
         

      

    

    7.4           Due
Diligence.

     

    (a)           During
the period from the date hereof to the Closing Date, the Stockholders and NDS
shall give Buyer, its counsel, accountants and other authorized representatives,
reasonable access during normal business hours to all information, financial or
otherwise, regarding NDS’ facilities, assets, liabilities, properties, books,
records, contracts, key customers, prospects, marketing efforts and employees
and all such other information and data concerning NDS and its operations as
Buyer may reasonably request.  Subject to Section 7.4(d), the
Stockholders and NDS shall cause the directors, officers, employees,
accountants, and other agents and representatives (collectively,
“Representatives”) of NDS to cooperate fully with Buyer and Buyer’s
Representatives in connection with Buyer’s due diligence investigation of
NDS.

     

    (b)           The
Stockholders shall immediately notify Buyer of any action or event which would
have a Material Adverse Effect.

     

    (c)           Buyer
shall be under no obligation to continue with its due diligence investigation
if, at any time, the results of its due diligence investigation are not
satisfactory to Buyer for any reason in its sole discretion.

     

    (d)           Any
investigation conducted by Buyer pursuant to this Section 7.4 shall be so
conducted as not to interfere unreasonably with the business operations of NDS
and the relationships of NDS with its employees, customers and
suppliers.

     

    (e)           No
such due diligence investigation by Buyer shall affect or be deemed to modify
any representation or warranty made by the Stockholders or NDS.

     

    (f)           In
addition to any other confidentiality covenants and obligations imposed under
this Agreement, the parties agree to comply with the confidentiality agreement
dated as of August 1, 2007, between Buyer and NDS (the “Confidentiality
Agreement”), which is incorporated herein by reference.

     

    7.5           Disclosures and
Announcements.  Except as required by applicable law, no press
releases or filings shall be made by any party without the prior written
approval of the other party.  All notices to third-parties, including
but not limited to, regulatory authorities, customers, vendors and landlords,
concerning this Agreement or the transactions contemplated hereby shall be
jointly planned and coordinated by the parties hereto. Except as required by
applicable law, NDS and Buyer shall not give notice to third parties or
otherwise make any disclosure, public statement or releases concerning this
Agreement or the transactions contemplated hereby except with the express
written consent of the other party.  NDS acknowledges and affirms that
it has no legal or regulatory obligation to disclose the existence of this
Agreement or the proposed transaction, except to those Persons set forth on
Schedule
4.3(b).

     

    7.6           Consents.  The
parties hereto shall cooperate with each other and use all reasonable efforts
promptly to prepare and file all necessary documentation, to effect all
applications, notices, petitions and filings, and to obtain as promptly as
practicable all permits, consents, approvals and authorizations of all third
parties and Governmental Entities which are necessary or advisable to consummate
the transactions contemplated by this Agreement.  Buyer and NDS shall
have the right to review in advance, and to the extent practicable each will
consult with the other on, in each case

     

    
      
         

      

      
        -21-

        
          

        

      

      
         

      

    

    subject
to applicable laws relating to the exchange of information, all the information
relating to NDS or Buyer, as the case may be, which appear in any filing made
with or written materials submitted to, any third party or any Governmental
Entity in connection with the transactions contemplated by this
Agreement.  In exercising the foregoing right, each of the parties
hereto shall act reasonably and as promptly as practicable.  The
parties hereto agree that they will consult with the others with respect to the
obtaining of all permits, consents, approvals and authorizations of all third
parties and Governmental Entities necessary or advisable to consummate the
transactions contemplated by this Agreement and each party will keep the other
apprised of the status of matters relating to completion of the transactions
contemplated herein.  NDS and Buyer shall promptly furnish each other
with copies of written communications received by it from, or delivered by any
of the foregoing to, any Governmental Entity in respect of the transactions
contemplated hereby.

     

    7.7           Schedules.  The
Stockholders and NDS shall have a continuing obligation to promptly notify Buyer
in writing with respect to any matter arising or discovered after the date of
execution of this Agreement through the Closing, which matter, if existing or
known at the date hereof, would have been required to be set forth or described
in the Schedules to this Agreement.

     

    7.8           Accounting and Tax
Methods.  NDS will not (i) change any of its methods of
accounting in effect at December 31, 2007, other than those required by GAAP,
(ii) make or rescind any express or deemed election relating to Taxes, (iii)
settle or compromise any claim, action, suit, litigation, proceeding,
arbitration, investigation, audit or controversy relating to Taxes, or (iv)
change any of its methods of reporting income or deductions for federal income
tax purposes from those employed in the preparation of the federal income tax
returns for the taxable year ending December 31, 2006.

     

    7.9           Cooperation
on Tax Matters and Transfer of Records.

     

    (a)           The
Stockholders shall cooperate fully, as and to the extent reasonably requested by
NDS or Buyer in connection with the filing of Tax Returns and any audit,
litigation or other proceeding with respect to Taxes.  Such
cooperation shall include the provision of records and information which are
reasonably relevant to any such audit, litigation or other
proceeding.  The Stockholders agree to allow NDS to retain all books
and records with respect to financial and Tax matters pertinent to
NDS.

     

    (b)           With respect to all periods
from the most recently completed fiscal quarter of NDS for which Tax Returns
were filed through the Closing Date, Buyer shall be responsible for the
preparation and filing of any required Tax Return; provided, however, the
Stockholders shall cooperate fully (as set forth in Section 7.9(a)) and shall
pay the prorated portion of any Taxes due for the period from the most recently
completed fiscal quarter of NDS for which Tax Returns were filed through the
Closing Date.

     

    7.10           No Inconsistent
Actions.

     

    Prior
to the Closing Date, except as otherwise permitted by this Agreement, no party
will enter into any transaction or make any agreement or commitment and will use
reasonable efforts not to permit any event to occur, which could reasonably be
anticipated to result in the imposition of any
condition or requirement that would materially adversely affect the economic or
business benefits of the transactions contemplated by this
Agreement.

     

    
      
         

      

      
        -22-

        
          

        

      

      
         

      

    

     

    ARTICLE
VIII

     

    CONDITIONS
PRECEDENT

     

    8.1           Conditions to Each Party’s
Obligation. The respective obligation of each party shall be subject to
the satisfaction at or prior to the Closing of the following
conditions:

     

    (a)           Absence
of Suit.  No
action, suit, or proceeding before any court or any Governmental Entity shall
have been commenced or threatened, and no investigation by any Governmental
Entity shall have been commenced, against Buyer, NDS, or any of their respective
Affiliates:  (i) seeking to restrain, prohibit, or enjoin the
consummation of the transactions contemplated hereby or to change any of the
terms thereof; (ii) questioning the validity, legality, or enforceability of any
such transactions; or (iii) seeking damages in connection with any such
transactions.

     

    8.2           Conditions to Obligations of
Buyer.  The obligation of Buyer to consummate the transactions
contemplated herein is subject to the satisfaction by NDS and/or the
Stockholders or the waiver by Buyer, at or prior to the Closing Date, of the
following conditions:

     

    (a)           Representations and Warranties.
The representations and warranties of the Stockholders and NDS set forth
in this Agreement, and the statements contained in the Disclosure Schedules or
in any other Closing Document delivered by the Stockholders or NDS pursuant to
this Agreement, shall be true and correct as of the date of this Agreement and
(except to the extent such representations and warranties speak as of an earlier
date) as of the Closing Date as though made on and as of the Closing
Date.

     

    (b)           Compliance With Agreement.
The Stockholders and NDS shall have performed and complied in all
material respects with each obligation and covenant required to be performed or
complied with by NDS at or prior to the Closing Date pursuant to the terms of
this Agreement, including delivery of the Closing Documents, which shall be in
form and substance satisfactory to counsel for Buyer.

     

    (c)           No
Prohibition.  Neither the consummation nor the performance of
any of the transactions contemplated by this Agreement will directly or
indirectly (with or without notice or lapse of time), materially contravene, or
conflict with, or result in a material violation of, or cause Buyer to suffer
any material adverse consequence under (i) any applicable laws, or (ii) any law
that has been published, introduced, or otherwise proposed by or before any
Governmental Entity.

     

    (d)           Absence of Liens. At or prior
to the Closing, Buyer shall have ordered and received a UCC search report issued
by the Secretary of State of the State of incorporation of NDS and the
Secretaries of States and the Clerks of Counties from all jurisdictions in which
NDS maintains a principal office for the conduct of Business or owns real
property indicating that there are no filings under the UCC on file with such
office which name NDS as debtor or otherwise indicate any lien on the property
or assets of NDS.

     

    
      (e)           Condition of
Assets.  The assets of NDS shall not have been damaged or
destroyed if the same would be likely to have a Material Adverse
Effect.

      

        
          
             

          

          
            -23-

            
              

            

          

          
             

          

        

      

    

     

    (f)           Due Diligence.  NDS
shall have completed its due diligence to its satisfaction.

     

    (g)           Interim
Operations.  Since the inception of the Business of NDS, NDS’
business shall have been conducted only in the ordinary and usual course
consistent with NDS’ past practice.  Without limiting the generality
of the foregoing, NDS shall not have since inception:

     

    (i)           suffered
any material adverse change in its financial condition, Business, or operations;
suffered any material adverse change in the assets of NDS; or

     

    (ii)           sold,
transferred, or otherwise disposed of any material portion of the assets of NDS
except in the ordinary and usual course of business.

     

    (h)           Consents and Approvals.  All filings
required to be made prior to the Closing Date, by NDS or the Stockholders with,
and all material consents, approvals, waivers, and authorizations required to be
obtained by NDS or the Stockholders prior to the Closing Date from, any
Governmental Entities or other Persons in connection with the execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby, shall have been made or obtained by the Stockholders or NDS in form and
substance to satisfy Buyer and shall be in full force and effect.

     

    (i)           The Non-Competition
Agreements.  NDS and each of Bill Plummer and Michael Plummer
(“Principal Employees”) shall have entered into the Non-Competition Agreements
in the form annexed as Exhibit B-1 and B-2, as appropriate (the “Non-Competition
Agreements”).

     

    (j)           Employment
Agreements.  NDS and each of the Principal Employees shall have
entered into Employment Agreements in the forms annexed hereto as Exhibits C-1 and
C-2 (“Employment Agreements”).

     

    (k)           Release
Agreement.  Each Stockholder shall have executed a Release
Agreement in the form attached hereto as Exhibit D,
providing for a general release of NDS, and each of its present and former
directors, officers, employees, agents and representatives from any and all
claims, known and unknown (“Release Agreement”).

     

    (l)           Audit.  Buyer shall
have received an audit of the Company’s financial statements for the calendar
years 2006 and 2007 (“Audit”), and the form and content of such Audit shall be
acceptable to Buyer in its discretion.

     

    (m)           Section 1445
Affidavit.  The Stockholders shall have delivered to Buyer an
affidavit, in form satisfactory to counsel for Buyer, to the effect that the
Stockholders is not a “foreign person” under Section 1445 of the
Code.

     

    (n)           Resignations.  Effective
as of the Closing Date, each Stockholder and any other officer and/or director
of NDS shall pursuant to a written agreement or instrument (“Resignations”)
signed by each such Person, resign from any and all positions such Person may
hold in NDS as either an officer, director, representative, trustee of any
employee benefit plan under ERISA, agent, or
independent contractor, except that Principal Employees will continue their
employment pursuant to the Employment Agreements.

     

    
      
         

      

      
        -24-

        
          

        

      

      
         

      

    

     

    8.3           Conditions to Obligations of the
Stockholders.  The obligations of the Stockholders to
consummate the transactions contemplated herein is subject to the satisfaction,
or waiver by the Stockholders, at or prior to the Closing of the following
conditions:

     

    (a)           Representations and
Warranties.  The representations and warranties of Buyer set
forth in this Agreement shall be true and correct of the date of this Agreement
and (except to the extent such representations and warranties speak as of an
earlier date) as of the Closing Date as though made on and as of the Closing
Date.

     

    (b)           Compliance With Agreement.
Buyer shall have performed and complied in all material respects with
each obligation and covenant required to be performed or complied with by Buyer
at or prior to the Closing Date pursuant to the terms of this Agreement,
including delivery of the Closing Documents, which shall be in form and
substance satisfactory to counsel for the Stockholders.

     

    (c)           No
Prohibition.  Neither the consummation nor the performance of
any of the transactions contemplated by this Agreement will directly or
indirectly (with or without notice or lapse of time), materially contravene, or
conflict with, or result in a material violation of, or cause the Stockholders
to suffer any material adverse consequence under (i) any applicable laws, or
(ii) any law that has been published, introduced, or otherwise proposed by or
before any Governmental Entity.

     

    (d)           Consents and Approvals.  All filings
required to be made prior to the Closing Date, by Buyer with, and all material
consents, approvals, waivers and authorizations required to be obtained by Buyer
prior to the Closing Date from, any Governmental Entities or other Persons in
connection with the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby, shall have been made or
obtained by the Buyer in form and substance to satisfy the Stockholders and
shall be in full force and effect.

     

    ARTICLE
IX

     

    CLOSING

     

    9.1           Closing Date.  The
closing of the acquisition of the Stock and the consummation of the transactions
contemplated by the Agreement (the “Closing”) shall take place at the offices of
Nowalsky, Bronston & Gothard, APLLC, 3500 North Causeway Boulevard, Ste.
1442, Metairie, Louisiana 70002, at 10:00 a.m. local time on August 22,
2008 or at such other time and place as may be mutually agreed upon by the
parties (the “Closing Date”).  All proceedings to take place on the
Closing Date shall be deemed to take place simultaneously and no delivery shall
be deemed to have been made until all such proceedings have been
completed.

     

    9.2           Documents to be Delivered by the
Stockholders and NDS at the Closing.  At the Closing,
the Stockholders and NDS shall deliver to Buyer the following
documents:

    

      (a)           Stock
Certificates.  Certificates representing the Stock in the
manner and form required by Section 1.2 hereof, together with blank stock powers
executed by the Stockholders.

    

    
      
         

      

      
        -25-

        
          

        

      

      
         

      

    

     

    (b)           Compliance
Certificate.  A certificate signed by the Stockholders, on
behalf of themselves and NDS, to the effect that the representations and
warranties of NDS and the Stockholders set forth in Article IV of this Agreement
are true and correct in all material respects on and as of the Closing Date with
the same effect as though made or given on and as of the Closing Date (except
for changes contemplated or permitted by the terms of this Agreement, consented
to in writing by Buyer, or made as of a particular date, in which case such
representations and warranties shall have been true and correct in all material
respects as of such date), and that NDS and the Stockholders have performed and
complied in all material respects with each obligation and covenant required to
be performed or complied with by NDS and the Stockholders on or prior to the
Closing Date.

     

    (c)           Good Standing
Certificates.  A good standing certificate of NDS from the
Secretary of State of the state of its formation obtained at the expense of NDS,
dated within fifteen (15) days of the Closing.

     

    (d)           Secretary’s
Certificate.  A Certificate, dated the Closing Date and
executed by the Secretary of NDS, which shall (1) attach a true and correct copy
of (i) the Bylaws of NDS, (ii) the Articles of Incorporation of NDS certified by
the Secretary of State of Georgia as of a recent date and (iii) the resolutions
of the board of directors and stockholders of NDS authorizing and approving this
Agreement and the consummation of the transactions contemplated by this
Agreement, and (2) identify by name and title and bear the signature of its
officer authorized to execute any Closing Document to be executed and delivered
on behalf of NDS, as the case may be, pursuant to the terms of this
Agreement.

     

    (e)           Opinion of
Counsel.  A written opinion of counsel to NDS and the
Stockholders, dated as of the Closing Date, addressed to Buyer in form
reasonably acceptable to Buyer and its counsel.

     

    (f)           Release of Encumbrances.
UCC-3 termination statements or other evidence of the release of all
Liens on the assets of NDS.

     

    (g)           Escrow Agreement. The Escrow
Agent and the Stockholders shall have executed and delivered the Escrow
Agreement to Buyer.

     

    (h)           Non-Competition.  The
Non-Competition Agreements shall have been executed and delivered to Buyer by
each Principal Employee.

     

    (i)           Employment
Agreements.  The Employment Agreements shall have been executed
and delivered to Buyer by each Principal Employee.

     

    (j)           Release
Agreement.  Each Stockholder shall have executed and delivered
the Release Agreement.

     

    (k)           Resignations.  Effective
as of the Closing Date, each Stockholder and each officer and/or director of NDS
shall have delivered the Resignations.

    

      (l)           Other Documents. All other documents,
instruments or writings required to be delivered to Buyer at or prior to the
Closing pursuant to the terms of this Agreement.

    

    
      
         

      

      
        -26-

        
          

        

      

      
         

      

    

     

    9.3           Documents to be Delivered and Actions
to be taken by Buyer.  At the Closing, Buyer shall deliver to
NDS the following documents:

     

    (a)           Secretary’s
Certificate.  A Certificate, dated the Closing Date and
executed by the Secretary of Buyer, which shall (1) attach a true and correct
copy of (i) the Certificate of Incorporation and By-Laws of Buyer and (ii) the
resolutions of the directors of Buyer authorizing and approving this Agreement
and the consummation of the transactions contemplated by this Agreement, and (2)
identify by name and title and bear the signature of its officer authorized to
execute any Closing Document to be executed and delivered on behalf of Buyer
pursuant to the terms of this Agreement.

     

    (b)           Payment.  Buyer
shall have delivered the Purchase Price cash, Issued Shares (other than the
Escrow Shares), and promissory notes by wire transfer or certified check to each
Stockholder ratably in accordance with his ownership percentage in NDS as set
forth in Schedule 1.1
hereto and shall have deposited the Escrow Shares with the Escrow
Agent.

     

    (c)           Compliance
Certificate.  A Certificate signed by Buyer to the effect that
the representations and warranties of Buyer set forth in Article V of this
Agreement are true and correct in all material respects on and as of the Closing
Date with the same effect as though made or given on and as of the Closing Date
(except for changes contemplated or permitted by the terms of this Agreement,
consented to in writing by NDS, or made as of a particular date, in which case
such representations and warranties shall have been true and correct in all
material respects as of such date), and that Buyer has performed and complied in
all material respects with each obligation and covenant required to be performed
or complied with by Buyer on or prior to the Closing Date.

     

    (d)           Escrow
Agreement.  The Escrow Agent and Buyer shall have executed and
delivered the Escrow Agreement to the Stockholders.

     

    (e)           Other Documents. All other documents,
instruments or writings required to be delivered to NDS and the Stockholders at
or prior to the Closing pursuant to the terms of this Agreement.

     

    ARTICLE
X

     

    TERMINATION
AND AMENDMENT

     

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

     

    (a)           by
mutual consent of Buyer and the Stockholders, on behalf of themselves and NDS,
in a written instrument, if the appropriate officer of each so
determines;

     

    (b)           by
Buyer or the Stockholders (provided that the terminating party is not then in
material breach of any representation, warranty, covenant or other agreement
contained herein) if there shall have been a material breach of any of the
representations or warranties set forth in this Agreement
on the part of another party, (i) which breach (if susceptible to cure) is not
cured within twenty (20) business days following written notice to the party
committing such breach, or (ii) which breach, by its nature, cannot be
cured;

     

    
      
        
           

        

        
          -27-

          
            

          

        

        
           

        

      

    

    

    (c)           by
Buyer or the Stockholders if the Closing shall not have occurred by September
22, 2008.

     

    10.2        Effect of
Termination.  In the event of termination of this Agreement as
provided in Section 10.1, this Agreement shall forthwith become void and have no
effect except Sections 7.4(f) and 12.13(a) shall survive any termination of this
Agreement, and there shall be no further obligation on the part of NDS, Buyer,
the Stockholders, or their respective officers or directors except for the
obligations under such provisions.  Notwithstanding anything to the
contrary contained in this Agreement, no party shall be relieved or released
from any liabilities or damages arising out of its breach of any provision of
this Agreement.

     

    ARTICLE
XI

     

    INDEMNIFICATION

     

    11.1        Indemnification by NDS and
Stockholders.  The Stockholders, on a joint and several basis,
covenant and agree that they will indemnify and hold Buyer and NDS and its
Affiliates, members, officers, directors, employees, stockholders, and agents
(collectively, the “Buyer’s Indemnified Persons”) at all times harmless from and
against any Loss (including reasonable attorneys' fees and other reasonable
costs of defense) imposed on or incurred by Buyer’s Indemnified Persons caused
by or arising out of or in connection with:

     

    (a)           any
misrepresentation, breach of warranty, or breach or nonfulfillment of any
covenant or agreement to be performed on the part of NDS or the Stockholders on
or prior to the Closing Date as provided in this Agreement or any certificate or
other document delivered or to be delivered pursuant hereto, or

     

    (b)           any
material breach of, or failure to perform, any agreement of the Stockholders
contained in this Agreement or any of the Closing Documents, or

     

    (c)           the
actions or inactions of NDS of a material nature with respect to any period
prior to the Closing, including any Tax liability; or

     

    (d)           all
other debts, claims, liabilities and obligations of NDS that has not otherwise
been disclosed in writing arising from the conduct, ownership or operation of
the Business and assets prior to the Closing Date or arising by reason of the
Agent Contracts, including without limitation, any obligation or liability of
NDS to make any Bonus Payments or other similar payments.

     

    The
Stockholders shall not be entitled to indemnification or contribution from NDS
for any Loss or any other liability that they may have to Buyer under this
Agreement or otherwise.  Buyer shall have the right to set off the
amount of any claim under this Agreement (including, but not limited to, claims
for Indemnification) against any payments remaining due under the Note and
against any Escrow Shares that are still held under the Escrow
Agreement.

    

      11.2        Indemnification by
Buyer.  Buyer covenants and agrees that it will indemnify and
hold the Stockholders, their successors and assigns and Affiliates
(collectively, the “Stockholders’ Indemnified Persons”) at all times harmless
from and against any Loss (including reasonable attorneys' fees and other costs
of defense) imposed on or incurred by Stockholders’ Indemnified 

       

    

    
      
         

      

      
        -28-

        
          

        

      

      
         

      

    

     

    Persons
caused by or arising out of or in connection with any misrepresentation, breach
of warranty, or breach or nonfulfillment of any covenant or agreement to be
performed on the part of Buyer prior to the Closing Date as provided in this
Agreement or any certificate or other document delivered or to be delivered
pursuant hereto.

     

    11.3        Undisputed Claims. A party
(the “Indemnified
Party”) may assert a Claim that it is entitled to, or may become entitled
to, indemnification under this Agreement by giving written notice of its Claim
to the party or parties that are, or may become, required to indemnify the
Indemnified Party (the “Indemnifying Party”),
providing reasonable details of the facts giving rise to the Claim and a
statement of the Indemnified Party’s Loss in connection with the Claim, to the
extent such Loss is then known to the Indemnified Party and, otherwise, an
estimate of the amount of the Loss that it reasonably anticipates that it will
incur or suffer.

     

    11.4        Disputed Claims.

     

    (a)           If
the Indemnifying Party gives notice to the Indemnified Party that the
Indemnifying Party objects to the Claim, then (a) the parties shall attempt in
good faith to resolve their differences during the sixty (60) day period
following the date of delivery of the Indemnifying Party's notice of its
objection (the "Resolution Period"), and (b) if the parties fail to resolve
their disagreement during the Resolution Period, either party may unilaterally
submit the disputed Claim for binding arbitration in the State of Louisiana, in
accordance with the provision of Section 11.4(b).

     

    (b)           The
parties hereto shall submit the disputed claim to mandatory and binding
arbitration with the American Arbitration Association (“AAA”).  The
issue(s) in dispute shall be settled by arbitration in accordance with the AAA
Rules for Arbitration of Business Disputes, by a panel of three arbitrators (the
"Panel").  The only issue(s) to be determined by the Panel will be
those issues specifically submitted to the Panel.  The Panel will not
extend, modify or suspend any of the terms of this Agreement.  The
arbitration shall be governed by the United States Arbitration Act, 9 U.S.C. §
1-16, and judgment upon the award rendered by the Panel may be entered by any
court having jurisdiction thereof.  A determination of the Panel shall
be by majority vote.  Promptly following receipt of the request for
arbitration, AAA shall convene the parties in person or by telephone to attempt
to select the arbitrators by agreement of the parties.  Buyer shall
select one (1) arbitrator and NDS shall select one (1) other
arbitrator.  These two (2) arbitrators shall select a third
arbitrator.  If these two (2) arbitrators are unable to select the
third arbitrator by mutual agreement, AAA shall submit to the parties a list of
not less than eleven (11) candidates.  Such list shall include a brief
statement of each candidate's qualifications.  Each party shall number
the candidates in order of preference, shall note any objection they may have to
any candidate, and shall deliver the list so marked back to AAA.  Any
party failing without good cause to return the candidate list so marked within
ten (10) days after receipt shall be deemed to have assented to all candidates
listed thereon.  AAA shall designate the arbitrator willing to serve
for whom the parties collectively have indicated the highest preference and who
does not appear to have a conflict of interest.  If a tie should
result between two (2) candidates, AAA may designate either
candidate.  This agreement to arbitrate is specifically
enforceable.  Judgment upon any award rendered by the Panel may be
entered in any court having jurisdiction.  The decision of the Panel
within the scope of the submission will be final and binding on all parties, and
any right to judicial action on any matter subject to arbitration hereunder
hereby is waived (unless otherwise provided by applicable law), except suit to
enforce this arbitration award or in the event arbitration is not available for
any reason.  If the rules of the 

     

    
      
         

      

      
        -29-

        
          

        

      

      
         

      

    

    AAA
differ from those of this Section 11.4(b), the provisions of this Section
11.4(b) will control.  Costs of arbitration shall be shared equally by
NDS and Buyer.

     

    11.5        Third-Party
Claims.  With respect to any third-party claim (“Third-Party
Claim”), the Indemnified Party shall give prompt notice to the Indemnifying
Party of the Third-Party Claim, provided that the failure to give such notice
promptly shall not relieve or limit the obligations of the Indemnifying Party,
except to the extent the Indemnifying Party is materially prejudiced
thereby.  If the remedies sought in the Third-Party Claim are solely
money damages and there is no actual or potential conflict of interest between
the Indemnified Party and Indemnifying Party, as reasonably determined by the
Indemnified Party, or if the Indemnified Party otherwise permits, then the
Indemnifying Party, at its sole cost and expense, may, upon notice to the
Indemnified Party within 15 days after the Indemnifying Party receives notice of
a Third-Party Claim, assume the defense of the Third-Party Claim.  If
it assumes the defense of a Third-Party Claim, the Indemnifying Party shall
select counsel reasonable acceptable to the Indemnified Party to conduct the
defense.  The Indemnifying Party shall not consent to the settlement
of, or entry of any arbitration award or judgment arising from any Third-Party
Claim, unless:  (i) the settlement, award, or judgment is solely
for money damages and the Indemnifying Party admits in writing its liability to
hold the Indemnified Party harmless from and against any losses, damages,
expenses, and liabilities arising out of such settlement, or (ii) the
Indemnified Party consents thereto, which consent will not be unreasonably
withheld.  The Indemnifying Party shall provide the Indemnified Party
with 15 days’ prior notice before it consents to a settlement of, or entry of
any award or judgment arising from any Third-Party Claim.  The
Indemnified Party shall be entitled to participate in the defense of any
Third-Party Claim, the defense of which is assumed by the Indemnifying Party
under the preceding provisions of this Section, with its own counsel and at its
own expense.  With respect to Third-Party Claims in which the remedy
sought is not solely money damages or where there is an actual or potential
conflict of interest between the Indemnified Party and the Indemnifying Party,
as reasonably determined by the Indemnified Party, (i) the Indemnified
Party will be entitled to indemnification for all fees and expenses of defending
the claim with its own counsel, (ii) the Indemnifying Party shall, upon
notice to the Indemnified Party within 15 days after the Indemnifying Party
receives notice of a Third-Party Claim, be entitled to participate in the
defense with its own counsel and at its own expense, and (iii) the
Indemnified Party shall not consent to any settlement of, or the entry of any
award or judgment arising from, such Third-Party Claim unless the Indemnifying
Party consents thereto, which consent shall not be unreasonably
withheld.  If the Indemnifying Party does not elect to assume or
participate in the defense of any Third-Party Claim in accordance with the terms
of this Section, then the Indemnifying Party shall be bound by the results
obtained by the Indemnified Party with respect to the Third-Party
Claim.  The parties shall cooperate in the defense of any Third-Party
Claim and the relevant records of each party shall be made available on a timely
basis.

     

    11.6       Failure to Act by Indemnified
Party.  Any failure by the Indemnified Party to defend a
Third-Party Claim shall not relieve the Indemnifying Party of its
indemnification obligations hereunder.

    

      11.8      
Insured
Claims. In case any event shall occur which would otherwise entitle
either party to assert a Claim for indemnification hereunder, no Loss shall be
deemed to have been sustained by the Indemnified Party to the extent of any
proceeds received by the Indemnified Party from any insurance policies with
respect thereto.

    

    
      
         

      

      
        -30-

        
          

        

      

      
         

      

    

     

    11.9        Survival of Representations and
Warranties; Time to Assert Claim.11.9.  Survival of
Representations and Warranties; Time to Assert Claim.  All representations,
warranties, covenants and obligations in this Agreement and any other
certificate or document delivered pursuant to this Agreement will survive the
Closing Date for two (2) years from the date thereof; provided, however, that
the representations and warranties of Section 4.21 shall survive until 120 days
after the expiration of the applicable statute of limitations to which the
representation or warranty applies.  Neither party may make any Claim
for indemnification under this Article XI unless the claiming party shall notify
the other party of a Claim and the factual basis of that Claim in reasonable
detail within two (2) years from the Closing Date; provided, however, Buyer may
make a Claim for indemnity under Section 11.1 (c) for the period until 120 days
after the expiration of the applicable statute of limitations.

     

    ARTICLE
XII

     

    MISCELLANEOUS AND
GENERAL

     

    12.1        Employee
Matters.  Buyer agrees that, after the Closing, NDS will employ
Bill Plummer, Michael Plummer, and Aimee Plummer.  Buyer may, at its
sole option, interview and offer employment to any other employee of
NDS.  Notwithstanding the foregoing, NDS shall have no liability or
obligation with respect to any employee of NDS other than as described in the
first sentence of this Section 12.1, including without limitation any severance,
contractual or other liabilities arising out of any employee’s employment with
NDS.  NDS will provide Buyer with access to information, prior to or
at Closing, regarding its employees, including, without limitation,
compensation, bonuses, performance evaluations, personnel files, medical records
and other information maintained by NDS in the ordinary course of
business.

     

    12.2        Sales, Use and Excise Taxes.
The Stockholders shall pay all excise, transfer or similar taxes, if any, with
respect to the transactions provided in this Agreement. Buyer shall not be
responsible for any business, occupation, withholding or similar Tax, or for any
Taxes of any kind related to any period before the Closing Date.  The
Stockholders shall pay all or any state, local or federal income Taxes arising
from transactions provided in this Agreement or related to any period before the
Closing Date.

     

    12.3        Expenses.  Each party shall
bear his own expenses (including, without limitation, the expenses of its
brokers, accountants, counsel and other agents) in connection with the
transactions contemplated hereby; provided, however, that all expenses incurred
by the Stockholders or NDS in connection with the transactions contemplated by
this Agreement shall be the sole responsibility of the Stockholders and shall
not be paid by NDS except that NDS will pay the cost of the Audit prior to the
Closing.

    

      12.4        Stockholder Loans and
Advances.  Prior to the date of this Agreement, NDS has loaned
money to Bill Plummer from time to time and Bill Plummer has loaned money to NDS
from time to time.  NDS will make no further loans to Bill Plummer and
Bill Plummer will make no further loans to NDS from and after the date of this
Agreement.  At the Closing, the outstanding balance of all loans made
by Bill Plummer to NDS and by NDS to Bill Plummer will be set-off against each
other and any remaining balance will be forgiven.

    

    
      
         

      

      
        -31-

        
          

        

      

      
         

      

    

     

    12.5        Specific
Performance.  The parties recognize that irreparable injury
will result from a breach of any provision of this Agreement and that money
damages will be inadequate to remedy fully the injury.  Accordingly,
in the event of a breach or threatened breach of one (1) or more of the
provisions of this Agreement, any party who may be injured (in addition to any
other remedies which may be available to that party) shall be entitled to one
(1) or more preliminary or permanent orders (i) restraining and enjoining any
act which would constitute a breach or (ii) compelling the performance of any
obligation which, if not performed, would constitute a breach.

     

    12.6        No Third-Party
Rights.  Nothing expressed or referred to in this Agreement is
intended or shall be construed to give any Person other than the parties to this
Agreement any legal or equitable right, remedy or claim under or with respect to
this Agreement, or any provision hereof, being the intention of the parties
hereto that this Agreement and all of its provisions and conditions are for the
sole and exclusive benefit of the parties to this Agreement and their respective
successors and assigns, and for the benefit of no other Person.

    

    12.7        Schedules.  The
Schedules referenced in this Agreement constitute an integral part
hereof.  Information set forth in the Schedules specifically
references the article or section of this Agreement to which such information
relates and shall not be deemed to have been disclosed with respect to any other
article or section of this Agreement or for any other purpose.

     

    12.8      
 Further
Assurances.  NDS and Buyer hereby agree to execute and deliver
such other documents and instruments, and take such other actions, as may be
necessary or desirable in order to consummate and implement the transactions
contemplated by this Agreement.

     

    12.9       
Parties-in-Interest;
Assignment.  This Agreement shall be binding upon, inure to the
benefit of, and be enforceable by the parties hereto and their respective
successors and assigns.  Neither party may assign its rights and
obligations hereunder without the prior written consent of the other
parties.

     

    12.10      Governing Law.  The
validity, interpretation, enforceability, and performance of this Agreement
shall be governed by and construed in accordance with the laws of the State of
Louisiana, without regard to the conflict of laws or principles
thereof.

     

    12.11     
Amendment and
Modification.  The parties may amend, modify, and supplement
this Agreement only by a writing signed by all parties.

     

    12.12      Waiver of
Conditions.  The conditions to the respective obligations of
Buyer and the Stockholders to consummate the transactions contemplated hereby
are for the sole benefit of such party and may be waived by such party in whole
or in part.

     

    
      12.13      Notices.  All
notices, requests, demands, and other communications hereunder shall be in
writing and delivered personally or sent by express overnight or certified mail,
postage prepaid:

    

    
      
         

      

      
        -32-

        
          

        

      

      
         

      

    

     

    (a)        if
to Buyer, to:

     

    United E-Systems, Inc.

    15431
O’Neal Road

    Gulfport,
Mississippi  39503

    Attn:  Reid
Green

    

    and

    

    Leon L. Nowalsky, Esq.

    Nowalsky, Bronston, and Gothard,
APLLC

    3500 North Causeway Blvd., Ste.
1442

    Metairie, Louisiana 70002

    

    (b)        if
to NDS, to:

    

    NetCom
Data Southern Corp.

    980
Canton Street, Suite D

    Roswell,
Georgia  30075-3667

    

    (c)       if
to the Stockholders, to:

    

    William
R. Plummer

    7624
Boltons Court,

    Bradenton,
Florida 34201

    

    or
to such other persons or addresses as may be designated in writing by the party
to receive such notice.

    

    12.14      Confidentiality.

     

    (a)           The
Stockholders, NDS, and Buyer will be furnishing to each other certain
information, which is either non-public, confidential, or proprietary in nature
to be used by the other party for its information, review, and
analysis.  All such information, in whole or in part, including any
financial information or other information pertaining to the business
activities, operations, equipment, inventory, photographs, software, or any
other records, record-bearing media, or any other data (regardless of format)
disclosed by either party to the other is referred to herein as the
“Information.”  The Information will be used by receiving party solely
for the purpose of evaluating the possibility of the transaction.  The
Information will be kept confidential and shall not, without the prior written
consent of the disclosing party, be disclosed by the receiving party, its
agents, or employees, in any manner whatsoever, in whole or in part, and shall
not be used by the receiving party, its agents, or employees, other than in
connection with the potential transaction described herein.  Moreover,
the receiving party agrees to disclose or transmit the Information only to its
agents, employees, consultants, lawyers, accountants, and others material to the
transaction who need to know, review, or analyze the Information for the purpose
of evaluating the potential transaction and who are informed by the receiving
party of the confidential nature of the 

     

    
      
         

      

      
        -33-

        
          

        

      

      
         

      

    

    Information
and who agree to be bound by this Section to the same extent as if they were
parties to it.  The disclosing party shall be entitled to seek
equitable relief, including restraining order, injunction, and specific
performance, in the event of a breach of any provision of this Section by the
receiving party as well as an action for damages at law.  In addition
to all other relief to which a disclosing party may be entitled, the disclosing
party may recover its attorneys’ fees, expenses, and cots in connection with the
enforcement of this Section.  If the transaction does not occur, the
Information and all copies thereof shall be returned immediately to the
disclosing party.  In addition, the Information, and all copies of it,
will be returned to disclosing party immediately upon written request by the
disclosing party.  All obligations of the Buyer under the provisions
of this subsection (a) will terminate at the Closing, but those of the
Stockholders will remain in full force and effect as provided in
subsection (b).  The provisions of this subsection (a) will
survive any termination of this Agreement.

     

    (b)           After
execution of this Agreement and if the Closing occurs continuing after the
Closing, the Stockholders shall not use, publish, or disclose to any third
person any document, databases, or other media embodying any confidential or
proprietary know-how which constitutes Information of NDS or the
Business.  The Stockholders shall treat as confidential all
confidential or proprietary Information regarding Buyer obtained in connection
with the negotiation and performance of this Agreement and will not use or
disclose and will not knowingly permit others to use or disclose any such
information.  In the event any Person breaches any provision of this
Section 12.13(b), Buyer shall be entitled to equitable relief, including
restraining order, injunction, and specific performance and damages, as well as
to recovery of all costs of enforcement, including reasonable attorneys’ fees
against such person.  The provisions of this subsection (b) will
survive the Closing.

     

    12.15       Entire
Agreement.  This Agreement (including the Disclosure Schedules
hereto), and the other Closing Documents constitute the entire agreement between
the parties hereto with respect to the transactions contemplated hereby, and
there have been and are no agreements, representations or warranties between the
parties other than those set forth or provided for herein or
therein.

     

    12.16       Severability.  Any
term or provision of this Agreement which is invalid or unenforceable in any
jurisdiction shall, as to that jurisdiction, be ineffective to the extent of
such invalidity or unenforceability without rendering invalid or unenforceable
the remaining terms and provisions of this Agreement or affecting the validity
or enforceability of any of the terms or provisions of this Agreement in any
other jurisdiction.  If any provision of this Agreement is deemed to
be so broad as to be unenforceable, the provision shall be interpreted to be
only as broad as is enforceable.

     

    12.17       Publicity.  Except
as otherwise required by law, so long as this Agreement is in effect, Buyer, NDS
or the Stockholders shall not issue or cause the publication of any press
release or
other public announcement with respect to, or otherwise make any public
statement concerning, the transactions contemplated by this Agreement without
the consent of the other parties, which consent shall not be unreasonably
withheld.

       

      12.18       Counterparts.  This
Agreement may be executed in one (1) or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one (1) and
the same instrument.

    

     

    
      
         

      

      
        -34-

        
          

        

      

      
         

      

    

     

    12.19       Captions.  The
article, section, and paragraph captions herein are for convenience of reference
only, do not constitute a part of this Agreement, and shall not be deemed to
limit or otherwise affect any of the provisions hereof.

     

    ARTICLE
XIII

     

    DEFINITIONS

     

    As used in this Agreement, the terms
defined in the Preamble and the Recitals hereto shall have the respective
meanings ascribed thereto, and the following terms shall have the meanings set
forth below (such definitions to be applicable equally to the singular and
plural forms thereof):

     

    13.1         “AAA” shall have the meaning
assigned in Section 11.4(b).

     

    13.2         “Affiliate” with respect to
any Person means any Person who directly, or indirectly through one or more
intermediaries, controls or is controlled by, or is under common control with,
such Person. A person shall be deemed to control another Person if such Person
possesses, directly or indirectly, the power to direct or cause the direction of
the management and policies of such other person or entity, whether through the
ownership of voting securities or otherwise.

     

    13.3         “Acquisition Proposal” shall
have the meaning assigned in Section 7.2.

     

    13.4         “Agent Contracts” shall have
the meaning assigned in Section 4.12(d).

     

    13.5         “Audit” shall have the meaning
assigned in Section 8.2(l).

     

    13.6         “Business” shall have the
meaning assigned in the first recital of the Agreement.

     

    13.7         “Buyer’s Indemnified Persons”
shall have the meaning assigned in Section 11.1.

     

    13.8         “Claim” means a claim pursuant
to Article XI that a party is entitled, or may become entitled, to
indemnification under this Agreement.

     

    13.9         “Closing Documents” means the
Escrow Agreement, the Release Agreement, the Non-Competition Agreements, the
Employment Agreements, and all other documents or instruments delivered by any
party at the Closing.

     

    13.10       “Closing” shall have the
meaning assigned in Section 9.1.

     

    13.11       “Closing Date” shall have the
meaning assigned in Section 9.1.

     

               
13.12       “Confidentiality Agreement”
shall have the meaning assigned in Section 7.4(f).

     

    13.13       “Contract” means any and all
contracts, agreements, arrangements, understandings, or commitments (whether
oral or written).

     

    13.14       “Controlled Group” means a
group of trades or businesses of which NDS is a member under Code § 1563, or
Code § 414(b), (c), (m) or (o).

    
      
         

      

      
        -35-

        
          

        

      

      
         

      

    

     

    13.15       “Disclosure Schedule” shall
have the meaning assigned in Article IV.

     

    13.16       “Employee Benefit Plans”
includes all pension, retirement, sickness, hospitalization, disability,
medical, dental or other health insurance plans, life insurance or other death
benefit plans, profit sharing, deferred compensation, cafeteria, flexible
spending, stock option, bonus or other incentive plans, vacation benefit plans,
severance plans or other employee benefit plans or arrangements, including,
without limitation, any pension plan as defined in Section 3(2) of ERISA and any
welfare plan as defined in Section 3(1) of ERISA, whether or not funded, to
which NDS is a party or bound or makes or has made any contribution or by which
NDS may have any liability to any Subject Employee or any employee of any
business entity that is a member of the same Controlled Group as the
Stockholders (including any such plan formerly maintained by or in connection
with which NDS may have any liability to any Subject Employee, and any such plan
which is a multiemployer plan as defined in Section 3(37) (A) of
ERISA).  (For purposes of this Agreement, Controlled Group is defined
in accordance with Sections 414(b), (c), (m), or (o) of the Code).

     

    13.17       “Employment Agreements” shall
have the meaning assigned in Section 8.2(j).

     

    13.18       “Environmental Laws” means any
federal, state or local law, regulation, ordinance or order pertaining to the
protection of natural resources, the environment and the health and safety of
the public, including laws relating to emissions, discharges, releases or
threatened releases of pollutants, contaminants or chemicals, or industrial,
toxic or hazardous substances or wastes into the environment (including, without
limitation, ambient air, surface water, ground water, land surface or subsurface
strata) or otherwise relating to the manufacture, processing, distribution, use,
treatment, storage, disposal, transport or handling of pollutants, contaminants
or chemicals, or industrial, toxic or hazardous substances or wastes, including,
but not limited to, the Comprehensive Environmental Response, Compensation and
Liability Act (“CERCLA”), 42 U.S.C. §§ 9601 et seq., the Resource
Conservation and Recovery Act (“RCRA”), as amended, 42 U.S.C. §§ 6901 et seq., the Hazardous
Material Transportation Act, as amended, 49 U.S.C. §§ 1801 et seq., and the
Occupational Safety and Health Act, as amended, 29 U.S.C. §§ 651 et seq.

     

    13.19       “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended.

     

    13.20       “ERISA Affiliate”: as defined
in Section 4.14(b).

     

    13.21       “Escrow Agent” shall have the
meaning assigned in Section 3.1(c).

     

    13.22       “Escrow Agreement” shall have
the meaning assigned in Section 3.1(c).

     

    
      13.23       “Escrow Shares” shall have the
meaning assigned in Section 3.1(c).

       

      13.24       “Financial Statements” shall
mean the financial statements of NDS referred to in Section 4.6.

       

      13.25       “Financial Statement
Date”:  as defined in Section 4.8.

       

      13.26       “GAAP” means generally
accepted United States accounting principles.

    

    
      
         

      

      
        -36-

        
          

        

      

      
         

      

    

     

    13.27       “Governmental Entity” shall
have the meaning assigned in Section 4.3.

     

    13.28       “Hazardous Materials” means
any (i) “hazardous substance,” “pollutants” or “contaminant” (as defined in
Sections 101(14) and (33) of the CERCLA or the regulations issued pursuant to
Section 102 of CERCLA and found at 40 C.F.R. § 302), including any element,
compound, mixture, solution or substance that is designated pursuant to Section
102 of CERCLA; (ii) substance that is designated pursuant to Section
311(b)(2)(A) of the Federal Water Pollution Control Act, as amended (33 U.S.C.
§§ 1251, 1321(b)(2)(A)) (“FWPCA”); (iii) hazardous waste having the
characteristics identified under or listed pursuant to Section 3001 of RCRA;
(iv) toxic pollutant that is or may be listed under Section 307(a) of FWPCA;
(vi) hazardous air pollutant that is listed under Section 112 of the Clean Air
Act, as amended (42 U.S.C. §§ 7401, 7412); (v) immediately hazardous chemical
substance or mixture with respect to which action has been or may be taken
pursuant to Section 7 of the Toxic Substances Control Act, as amended (15 U.S.C.
§§ 2601, 2606); (vi) asbestos, asbestos-containing material, or urea
formaldehyde or material that contains it; (vii) waste oil and other petroleum
products; and (viii) any other toxic materials, contaminants or hazardous
substances or wastes pursuant to any Environmental Law.

     

    13.29       “Indemnified Party” shall have
the meaning assigned in Section 11.3.

     

    13.30       “Indemnifying Party” shall
have the meaning assigned in Section 11.3.

     

    13.31       “Information” shall have the
meaning assigned in Section 12.13(a).

     

    13.32       “Intellectual
Property”:  as defined in Section 4.16.

     

    13.33       “Issued Stock” shall have the
meaning assigned in Section 2.1(a).

     

    13.34       “Knowledge.”  To the
extent that any representation, warranty or other provision in this Agreement
is, by its terms, based upon or limited by the “knowledge” of any party that is
an entity, that term signifies that no information has come to the attention of
any of the president or the controller of such party to this Agreement that
would give such party actual knowledge or actual notice that such representation
or warranty or the subject matter of such provision is not true, accurate or
complete.

     

    13.35       “Laws” means all federal,
state, local and foreign laws, ordinances, orders, rules and regulations
(including, without limitation, those relating to discrimination in employment,
occupational safety and health, trade practices, competition and pricing,
product warranties, zoning, building and sanitation, toxic and chemical
substances, employment, retirement and labor relations, product advertising and
pollution, discharge, disposal and emission of wastes, materials and gases into
the environment which are applicable to the Business).

     

    
      13.36       “Leases”: as defined in
Section 4.11(a).

       

      13.37       “Loss” means any liability,
loss, damage, or expense (including, without limitation, reasonable attorneys’
fees and costs) entitled to indemnification pursuant to
Article XI.  In no event shall Loss be defined to include any
consequential or incidental damages resulting from any Claim or alleged to
result therefrom except any that may be awarded or payable to a third party for
a Third-Party Claim.

    

    
      
         

      

      
        -37-

        
          

        

      

      
         

      

    

     

    13.38       “Material Adverse Effect”
means, with respect to Buyer or NDS, as the case may be, any change or effect
that is or is reasonably expected to be materially adverse to the business,
properties, assets, liabilities, financial condition or results of operations of
such party and its subsidiaries, taken as a whole.

     

    13.39       “Non-Competition Agreements”
shall have the meaning assigned in Section 8.2(i).

     

    13.40       “Note” shall have the meaning
assigned in Section 2.1(a).

     

    13.41       “Panel” shall have the meaning
assigned in Section 11.4(b).

     

    13.39       “Person” means an individual,
a partnership, a corporation, a limited liability company, an association, a
joint stock company, a trust, a joint venture, an unincorporated organization,
or a governmental entity (or any department, agency, or political subdivision
thereof).

     

    13.40       “Principal Employees” shall
have the meaning assigned in Section 8.2(i).

     

    13.41       “Purchase Price” shall have
the meaning assigned in Section 2.1.

     

    13.41       “Real Property” as defined in
Section 4.10(a).

     

    13.42       “Release” means any spilling,
leaking, emitting, discharging, depositing, escaping, dumping or other releasing
into the environment of Hazardous Materials, whether intentional or
unintentional.

     

    13.43       “Release Agreement” shall have
the meaning assigned in Section 8.2(k).

     

    13.44       “Representatives” shall have
the meaning assigned in Section 7.4(a).

     

    13.45       “Resolution Period” shall have
the meaning assigned in Section 11.4.

     

    13.46       “Resignations” shall have the
meaning assigned in Section 8.2(n).

     

    13.47       “Securities” shall have the
meaning assigned in Article VI(e).

     

    13.48       “Securities Act” shall have
the meaning assigned in Article IV(e).

     

    13.49       “Share Offering” shall have
the meaning assigned in Section 2.1(b).

     

    13.50       “Stock” shall have the meaning
assigned in Section 1.1.

     

    
      13.51       “Stockholders’ Indemnified
Person” shall have the meaning assigned in Section 11.2.

       

      13.52       “Sub-Agents” shall have the
meaning assigned in Section 4.12(d).

       

      13.53       “Subject Employee” means any
current or former officer, director, employee, or consultant who is or was
employed or otherwise compensated by NDS or otherwise in connection with the
Business.

    

    
      
         

      

      
        -38-

        
          

        

      

      
         

      

    

     

    13.54       “Tax Return” means any return,
declaration, report, claim for refund, or information return or statement
relating to Taxes required to be filed or delivered to any governmental
authority, including any schedule or attachment thereto, and including any
amendment thereof.

     

    13.55       “Taxes” means any federal,
state, local, or foreign income, gross receipts, license, payroll, employment,
excise, severance, stamp, occupation, premium, windfall profits, environmental
(including taxes under Code § 59A), customs duties, capital stock, franchise,
profits, withholding, social security (or similar), unemployment, disability,
real property, personal property, sales, use, transfer, registration, value
added, alternative or add-on minimum, estimated, or other tax, charge,
assessment or fee of any kind whatsoever imposed by any governmental authority,
including any interest, penalty, or addition thereto, whether disputed or
not.

     

    13.56       “Third-Party Claim” means a
claim, suit, or proceeding by a third party with respect to which a claim is
made against an Indemnified Party.

     

    
      
         

      

      
        -39-

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, Buyer, NDS
and the Stockholders have caused this Agreement to be executed as of the date
first above written.

     

    

    
      
        	 
      
	
                UNITED
      E-SYSTEMS, INC.

              
	 
      
	 
      
	
                By: /s/
      Walter R. Green,
      Jr.

              
	
                     
      Walter R. Green, Jr.

              
	     
      Secretary and Treasurer
	 
      
	 
      
	
                NETCOM
      DATA SOUTHERN CORP.

              
	 
      
	 
      
	
                By: /s/
      William R. Plummer

              
	
                     
      William R. Plummer

              
	     
      President
	 
      
	 
      
	
                STOCKHOLDERS
      OF NETCOM DATA SOUTHERN, CORP.

              
	 
      
	 
      
	
                /s/
      William R. Plummer

              
	William
      R. Plummer
	 
      
	
                /s/
      Beverly A. Plummer

              
	Beverly
      A. Plummer
	 
	
                /s/
      Michael Plummer

              
	Michael
      Plummer

      

    

    

    

     

     

    
-40-exh10-2_082208.htm

    Exhibit 10.2

     

    NON-INTEREST
BEARING

    PROMISSORY
NOTE

    

    

    
      
        	
                Principal
      Amount: $500,000.00

              	
                Issue
      Date: August 22, 2008

              

      

    FOR
VALUE RECEIVED, United eSystems, Inc., a Nevada corporation (the “Maker”),
hereby promises to pay to the order of Robert J. Sorrentino (the “Holder,” which
term shall include any subsequent holder of this Non-Interest Bearing Promissory
Note (this “Note”)), at 15431 O’Neal Rd., Gulfport, MS 39503, or such other
place as the Holder may designate in writing, such sums as may be advanced to
the Maker by the Holder, pursuant to this Note; provided, however, that the
principal amount hereunder shall not exceed Five Hundred Thousand Dollars and No
Cents.

    

    As
of the Issue Date hereof, the Holder has advanced Two Hundred Eighty Thousand
Dollars and No Cents.  Advances under this Note shall be made in
writing in the form of a Draw Request, attached as Exhibit A; provided,
however, no advances may be made pursuant to this Note after the seven month
anniversary of the Issue Date hereof.  All advances are subject to the
written approval of the Holder and, if approved, shall be advanced to the Maker
within five business days of approval.

    

    Unless
this Note shall be in default, this Note shall not accrue interest.

    

    No
payment under this Note is due for the first six months from the Issue Date
hereof. Unless extended in the sole discretion of Holder, commencing on March
22, 2009, the Maker shall make twenty-four equal monthly installments in an
amount sufficient to repay the entire outstanding principal balance during such
twenty-four month period.  Each monthly payment shall be due on the
22nd day of each succeeding month, commencing on March 22, 2009 and ending on
February 22, 2011, when all then outstanding principal shall be due and
payable.

    

    This Note
is secured, inter alia,
by a Security Agreement of even date herewith and its related UCC-1 Financing
Statement (collectively, the “Security Agreement”), evidencing a security
interest in certain personal property and other business assets (the
“Collateral”) of the Maker.

    

    This
Note shall be in default upon: (a) the failure of the Maker to pay any payment
hereunder on the due date of such payment, which failure shall continue for five
days after written notice from the Holder of such failure to pay, provided,
however, that the Maker shall not be entitled to receive more than two such
notices and cure periods during any twelve month period; (b) the failure of the
Maker to timely perform or observe any non-monetary term, covenant, condition or
obligation contained in this Note or the Security Agreement, including, but not
limited to, refraining from declaring dividends, defaulting on any superior or
inferior debt obligation, or making any cash distributions outside the ordinary
and normal course of business, if such failure remains uncured upon expiration
of ten days after written notice thereof is given by the Holder to

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    the
Maker; or (c) the appointment of a receiver for the property of the Maker, the
assignment for the benefit of creditors by the Maker, or the commencement of any
proceedings under any bankruptcy or insolvency laws by or against the
Maker.  In the event of a default of this Note, at the option of the
Holder, the entire unpaid principal amount hereof thereon shall become
immediately due and payable and such principal shall thereafter accrue interest
at a rate (“Default Rate”) equal to the lesser of twelve percent (12%) per annum
or the maximum rate permitted by law.  The failure of the Holder
hereof to exercise its rights hereunder on one or more events of default shall
not constitute a waiver of its rights in the event of any subsequent or
continuing default.

    

    Upon
any default under this Note, the Holder’s rights and remedies shall be
cumulative and concurrent and may be pursued singly, successively, or
concurrently against the Maker and against the Collateral.  The Maker,
endorsers, and all other persons liable for all or any part of the indebtedness
evidenced by this Note or the performance of the covenants contained herein,
jointly and severally, waive diligence, presentment, protest and demand, and
also notice of protest, of demand, of nonpayment, of dishonor, and
maturity.

    

    Any
notice that one party desires to give to the other related to this Note shall be
in writing and shall be deemed delivered when personally delivered to a party
who is an individual or to an officer or registered agent of a party which is a
corporation, or upon deposit in the United States mail, certified mail, return
receipt requested, postage prepaid, addressed to the party being notified at its
respective address specified in this Note.

    

    

                    Maker

    

                    United eSystems,
Inc.

    

    

    

                    By:       /s/ Walter R. Green        

                    Walter R. Green,
Secretary and Treasurer

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Exhibit
A

    Draw
Request

    

    United eSystems, Inc. (“UES”) requests
that Rober J. Sorrentino advance $280,000 under the Promissory Note between UES
and Robert J. Sorrentino dated August 22, 2008.  UES certifies that
the amounts drawn under this request will be used for Netcom Southern
Acquisition.

    

    

    

    United
eSystems, Inc.

    

     

    

    
      	
              By:
      /s/ Walter R.
      Green    

            	 
      	 
      	 
      	
              Dated:
      8-22-08

            
	
                  
      Walter R. Green

            	 
      	
                                                        

            	 
      	 
      
	
                Secretary and
      Treasurer

            	 
      	 
      	 
      	 
      

    

    

    

    Accepted
by Robert J. Sorrentino

    

     

    
      	
              /s/ Robert J.
      Sorrentio    

            	 
      	 
      	 
      	
              Dated:
      8/22/08

            
	
              Robert
      J. Sorrentino

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]