Document:

ASSET PURCHASE AGREEMENT

         THIS ASSET PURCHASE AGREEMENT (this "Agreement") is entered into this
28th, of October, 2005, by and between GLOBAL AXCESS CORP, a Nevada corporation
("Buyer"), and AMER-E-COM DIGITAL CORPORATION, dba FIRST NATIONAL ATM, a Florida
corporation ("Seller"). Buyer and Seller are sometimes referred to individually
as a "Party" and together as "Parties."

                              PRELIMINARY STATEMENT

         Seller is a Party to not less than one thousand five hundred seventeen
(1,517) automated teller machines ("ATM") processing merchant contracts and ATM
placement agreements (collectively, the "Merchant Contracts"). Seller is a Party
to not less than fifty-three (53) distributor contracts ("Distributor
Contracts"). Seller owns certain (a) ATMs that are placed in merchant locations
and ATMs in its inventory; (b) ATM spare parts, ATM repair equipment and ATM
test equipment, and (c) modems connected to the ATMs, and all systems related
thereto (collectively, the "Equipment"). Pursuant to the Merchant Contracts and
Distributor Contracts, Seller has agreed to provide a variety of services
including, but not limited to, processing services, cash services, maintenance
services, prepaid cellular services, debit card services, phone card services,
internet services, check cashing services, and wire transfer services for ATMs
covered under the Merchant Contracts and the Distributor Contracts. See Exhibit
A for the list of Merchant Contracts and dates of those Contracts. See Exhibit B
for the list of Distributor Contracts and dates of those Contracts.

         Seller desires to assign and sell, and Buyer has agreed to assume and
purchase, (i) all of Seller's rights and obligations in and to the Merchant
Contracts, (ii) all of Seller's rights and obligations in and to the Distributor
Contracts, (iii) all of Seller's rights in and to the Equipment, (iv) the right
to have the phone lines in which Seller is the responsible organization and
which are used in connection with the Merchant Contracts and Distributor
Contracts transferred to Buyer or its designee, (v) all of Seller's rights and
obligations in and to the toll free 800 number in which Seller is the
responsible organization and which is used in connection with the Merchant
Contracts and/or Distributor Contracts, (vi) all of Seller's rights and
obligations in and to the brand name and trademark "Amer-e-com Digital
Corporation", (vii) all of Seller's rights and obligations in and to the
Seller's website, website address and e-mail accounts, (viii) certain contracts
related to the Merchant Contracts, Distributor Contracts, and Equipment
including, but not limited to, ATM and/or processing and/or cash services
distributor agreements, processor agreements, financial institution sponsorship
agreements, ATM lease agreements, ATM maintenance agreements, ATM supply
agreements, ATM signage agreements, armored car agreements, and vault cash
agreements (collectively, the "Service Contracts"), in each case, subject to the
terms and conditions contained in this Agreement, (ix) all of Seller's rights
and obligations in and to software, licenses and assets related to ancillary
products sold and services provided by Seller including, without limitation,
prepaid cellular, debit cards, phone cards, internet, check cashing, and wire
transfer, and (x) all of Seller's rights and obligations in additional ATM
processing Merchant Contracts and ATM placement agreements selected by Buyer
that are entered into by Seller prior to the date the transaction is effective
("Effective Date") (the "Post-Signing Merchant Contracts") and all of Seller's
rights and obligations in additional Distributor Contracts selected by Buyer
that are entered into by Seller prior to the Effective Date (the "Post-Signing
Distributor Contracts").

         NOW, THEREFORE, in consideration of these Preliminary Statements and
the mutual covenants, representations, warranties and agreements hereinafter set
forth, and for other good and valuable consideration, the receipt and
sufficiency of which the Parties hereby acknowledge and hereby agree as follows:

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1.    PURCHASED ASSETS; EXCLUDED ASSETS; ASSUMPTION OF LIABILITIES.

      1.1   Purchased Assets and Rights. Subject to the terms and conditions of
this Agreement, on the Closing Date, but effective as of the Effective Date(as
defined in Section 3.1), Seller will sell to Buyer, and Buyer will purchase from
Seller:

            (i)   all of Seller's right, title and interest in and to the
Merchant Contracts,

            (ii)  all of Seller's right, title and interest in and to the
Distributor Contracts,

            (iii) all of Seller's rights in and to the Equipment,

            (iv)  the right to have Seller's rights in and to the phone lines in
which Seller is the responsible organization and which are used in connection
with the Merchant Contracts and/or Distributor Contracts transferred to Buyer or
its designee,

            (v)   all of Seller's rights in and to the toll free 800 number in
which Seller is the responsible organization and which is used in connection
with the Merchant Contracts and/or the Distributor Contracts,

            (vi)  all of Seller's rights and obligations in and to the following
brand name and trademark "Amer-e-Com Digital Corporation",

            (vii) all of Seller's rights in and to the Seller's website,
including all content contained therein, and all intellectual property rights
including, without limitation, copyrights therein, registrations to the domain
name and e-mail accounts,

            (viii) any of the Service Contracts identified by Buyer in Exhibit C
within three (3) business days prior to the Closing Date (as defined in Section
3.1) as an agreement to be assigned,

            (ix)  all of Seller's right, title and interest in and to
proprietary software and licenses to software, in each case for software
utilized in connection with the Equipment or in connection with providing
services related thereto, including software related to modems, ancillary
products sold and services provided by Seller including, without limitation,
prepaid cellular, debit cards, phone cards, internet, check cashing, and wire
transfer,

            (x)   all of Seller's rights to information related to the operation
and management of ATMs and the Merchant Contracts and the Distributor Contracts
including, without limitation, data relating to ATM management, cash management,
work order/maintenance history, transition history and commissions payment
history, customer history, load history and balance as of a certain date
(collectively, "Data"); and

            (xi)  all of Seller's rights and obligations in Post-Signing
Merchant Contracts.

            (xii) all of Seller's rights and obligations in Post-Signing
Distributor Contracts ((together with items (i) through (xi) above,
collectively, the "Purchased Assets").

            Seller shall transfer the Purchased Assets at no cost to Buyer free
and clear of all security interests, liens, restrictions, claims, encumbrances
or charges of any kind.

      1.2   Limited Liabilities Assumed. Buyer, effective as of the Effective
Date, will assume Seller's rights and obligations arising on or after the
Effective Date under (i) the Merchant Contracts identified on Exhibit A attached
hereto, (ii) the Distributor contracts identified on Exhibit B attached hereto,
(iii) the Post Signing Merchant Contracts, (iv) the Post Signing Distributor
Contracts, and (v) the Service Contracts identified on Exhibit C attached hereto
(collectively, the "Transferred Contracts"). Subject to the preceding sentence
or except as otherwise expressly set out in this Agreement, the Parties
acknowledge that the Buyer assumes no other obligations or liabilities of the
Seller.

      1.3   Excluded Assets. Except as expressly set forth herein, the Purchased
Assets shall not include equipment and contract rights relating to Seller's ATM
locations in Canada or locations in the USA listed on Exhibit D, cash in bank
accounts, vehicles and trailers, notes or accounts receivable, prepaid accounts,
deposits, corporate office lease, office furniture, fixtures, computers and
telephone equipment, warehouse lease, fork lifts, and any other assets of Seller
not related to the Purchased Assets (collectively, the "Excluded Assets").

2.    PURCHASE PRICE.

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      2.1   Purchase Price; Payment. Subject to Section 2.2 and as adjusted by
Section 6, the purchase price for the Purchased Assets will be five million four
hundred seventy-four thousand six hundred U.S. dollars ($5,474,600) subject to
adjustment as set forth in paragraphs 2, 3 and 6 (the "Purchase Price") and paid
as follows:

            (i)   The Purchase Price, less the Holdback (as defined in Section
2.1(ii) below) and less any adjustment for New Additional 73 Sites and Lost
Contracts (as defined in Sections 6.2 and 6.4), shall be payable at the Closing
in immediately available funds; and

            (ii)  Up to one million U.S. dollars ($1,000,000) (as determined
pursuant to Section 6.1 hereof) shall be payable into escrow ("Holdback") to
satisfy Seller's obligations set forth in Section 6 below.

      2.2   Obligations. Seller will be responsible for, and shall pay, any and
all expenses that accrue or arise under the Transferred Contracts on or prior to
the Effective Date. Seller is to provide Buyer with a copy of all vendor
invoices relating to the time period up to the Effective Date that are unpaid as
of the Effective Date. To the extent reasonably practicable, Seller shall pay
all such invoices on or prior to the Effective Date, and provide evidence of
such payment to Buyer.

      2.3   Taxes. All transfer, sales or similar tax due as a result of this
transaction will be paid by Seller at the Closing and, if not so paid, shall
remain Seller's obligation.

3.    CLOSING DATE & EFFECTIVE DATE.

      3.1   Closing Date. Subject to the terms and conditions of this Agreement,
the closing of the transactions (the "Closing") contemplated by this Agreement
shall occur on October 28, 2005, at a mutually acceptable place or within five
(5) business days after the last of the conditions to Closing set forth in
Sections 7.1 and 7.2 have been satisfied or waived by the Party or Parties
entitled to waive the same, whichever is later, or such other date and time as
to which Buyer and Seller may agree in writing; provided that, at Buyer's
option, the Closing may take place on the last day of the month in which the
conditions set forth in Sections 7.1 and 7.2 have been satisfied (the "Closing
Date").

      3.2   The Effective Date. Subject to the term and conditions of this
Agreement, the date the transactions contemplated by this Agreement are
effective shall occur November 1, 2005, or if the Closing has not taken place by
such date, such other date and time as to which Buyer and Seller may agree in
writing.

      3.3   Actions to be Taken at the Closing. At the Closing, the Parties will
take the following actions and deliver the following documents:

            (a)   Seller will deliver to Buyer:

                  (i)   a duly executed Assignment and Assumption Agreement, in
substantially the form attached hereto as Exhibit 3.3(a)(i);

                  (ii)  a duly executed bill of sale, in substantially the form
attached hereto as Exhibit 3.3(a)(ii);

                  (iii) written consent of third parties to the sale,
conveyance, transfer, assignment and delivery of the Purchased Assets including,
without limitation, the consent of the merchant's party to the Merchant
Contracts and the Post Signing Merchant Contracts and the consent of the
distributor's party to the Distributor Contracts and the Post Signing
Distributor Contracts, unless the relevant contract expressly by its terms
permits assignment without consent;

                  (iv)  Confidentiality and protection of business agreement in
favor of Buyer duly executed by Richard Westenberger in substantially the form
attached hereto as Exhibit 3.3(a)(iv), (the "Business Protection Agreement");

                  (v)   Business Protection Agreement in favor of Buyer duly
executed by Patricia Buckholz in substantially the form attached hereto as
Exhibit 3.3(a)(v);

                  (vi)  a good standing certificate of Seller (dated within ten
(10) business days prior to the Closing Date), certified by the Secretary of the
State of Florida;

                  (vii) a secretary's certificate, certifying resolutions of the
board of directors and shareholders of Seller approving the sale of the
Purchased Assets;

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                  (viii)  a certificate of Richard Westenberger certifying as to
the truth and correctness of Seller's representations and warranties to the best
of Seller's knowledge as of the Closing Date and that all of Seller's
obligations that are to be performed prior to Closing have been performed;

                  (ix)    a certificate of Patricia Buckholz certifying as to
the truth and correctness of Seller's representations and warranties to the best
of Seller's knowledge as of the Closing Date and that all of Seller's
obligations that are to be performed prior to Closing have been performed;

                  (x)     an opinion of legal counsel for Seller, substantially
in the form attached hereto as Exhibit 3.3(a)(x);

                  (xi)    complete originals of each of the Transferred
Contracts;

                  (xii)   copies of all software included, or with respect to
which the licenses thereto are included, in the Purchased Assets (object code
and, if available, source code) and copies of the license agreements related
thereto;

                  (xiii)  all original ancillary product agreements including,
but without limitation, prepaid cellular, debit cards, phone cards, internet,
check cashing, and wire transfer, if any;

                  (xiv)   notification in form and substance satisfactory to
Buyer directed to the phone companies instructing them to work with Buyer for
the transfer of the rights and use of the phone lines described in Sections
1.1(iv) and 1.1(v) to Buyer or its designee including Transfer/reprogramming of
the 800-298-5750 (tech service line) & 800-519-2720 (customer service line)
phone number through US LEC to Buyer's affiliate company Nationwide Money
Services, Inc.'s ("NMS") customer service line;

                  (xv) written notice satisfactory to Buyer, directed to the
other contracting parties to the Transferred Contracts notifying them of the
assignment and assumption of the Transferred Contracts;

                  (xvi) Any and all Seller marketing material or logo files
including electronic files thereof;

                  (xvii) Trademark assignment of the brand name "Amer-e-com
Digital Corporation" in form and substance satisfactory to Buyer;

                  (xviii) assignment of the registration to the domain name
"www.Amer-e-com.com" and e-mail address "Info@Amer-e-com.com" in form and
substance satisfactory to Buyer;

                  (xix) consulting agreement executed by Richard Westenberger in
substantially the form attached hereto as Exhibits 3.3(a)(xix);

                  (xx) consulting agreement executed by Patricia Buckholz in
substantially the form attached hereto as Exhibits 3.3(a)(xx);

                  (xxi) escrow agreement executed by Seller in substantially the
form attached hereto as Exhibit 3.3(a)(xxi) (the "Escrow Agreement");

                  (xxii) the Data (if the existing database information is in
MicroSoft Access ("MSAccess") or can be converted into MSAccess format and
retain the integrity of the data, then the Data shall be provided in MSAccess
format along with a data dictionary; If not, the Data shall be delivered in
Comma-Delimited format (csv with headings), together with a data dictionary.

            (b)   Buyer will deliver to Seller:

                  (i)     a duly executed Assignment and Assumption Agreement in
substantially the form attached as Exhibit 3.3(a)(i);

                  (ii)    the Purchase Price (less the Holdbacks and any amounts
paid to third parties at Closing pursuant to Section 5.8 (c) hereof or
adjustment made pursuant to Section 6 hereof);

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                  (iii)   a secretary's certificate, certifying resolutions of
the board of directors of Buyer approving the purchase of the Purchased Assets;

                  (iv) an officer's certificate certifying as to the truth and
correctness of Buyer's representations and warranties to the best of Buyer's
knowledge as of the Closing Date and that all of Buyer's obligations that are to
be performed prior to Closing have been performed;

                  (v)     The Consulting Agreements; and

                  (vi)    the Escrow Agreement executed by Buyer;

            (c)   The Parties will take such other actions and will execute and
deliver such other instruments, documents and certificates as are required by
the terms of this Agreement and the agreements executed in connection herewith
(the "Related Agreements") or as may be reasonably requested by any Party in
connection with the consummation of the transactions contemplated herein.

4.    REPRESENTATIONS; WARRANTIES.

      4.1   Seller Representations. Seller represents and warrants to Buyer as
of the date hereof, as of the Closing Date and as of the Effective Date as
follows:

            (a)   Seller is a corporation duly organized, validly existing and
in good standing under the laws of the State of Florida. Seller has full power
and lawful authority to enter into this Agreement and all Related Agreements,
and consummate the transactions contemplated hereby and thereby;

            (b)   This Agreement and the Related Agreements have each been duly
authorized by all necessary action on the part of Seller, including shareholder
authorization. This Agreement constitutes, and when executed, the Related
Agreements each will constitute, the legal, valid and binding obligation of
Seller, enforceable in accordance with their respective terms. Seller's
execution, delivery and performance of this Agreement and the Related Agreements
will not (i) constitute a breach or violation of Seller's incorporation
documents or bylaws, (ii) constitute a breach or violation of any law, rule,
regulation, material agreement, indenture, deed of trust, mortgage, loan
agreement or any material instrument to which Seller is a Party, (iii)
constitute a violation of any order, judgment or decree by which Seller is bound
or affected, or (iv) result in a breach or default under any of the Transferred
Contracts or the creation of any lien or charge thereon;

            (c)   No consent, license, approval or authorization of, or filing,
registration or waiver or other action by, any governmental authority or any
third party is or will be required in connection with the execution, delivery or
performance by Seller of this Agreement or any agreement executed in connection
herewith except those consents which Seller shall deliver to Buyer before
Closing;

            (d)   Exhibit A sets forth a complete list of all of the Merchant
Contracts to which Seller is a Party and details regarding all of the ATMs owned
by Seller and in use at locations covered under the Merchant Contracts, all of
which are being sold to Buyer hereunder. Seller has delivered to Buyer a true
and correct copy of each contract included in the Purchased Assets. Each
contract included in the Purchased Assets is valid and enforceable in accordance
with its terms against Seller and, to Seller's knowledge, against the other
Party or Parties thereto. Seller has entered into the 1517 Merchant Contracts
and New Additional 73 Sites, the Distributor Contracts, and Cash Management
Contracts using at various times the names "Amer-e-com Digital Corporation,"
"ATM Capital Funding Corporation," "ATM Capital Corporation" and "First National
ATM" ("collectively, the "Trade Names"). Seller has the right to utilize each of
the Trade Names. Each of the foregoing Trade Names, as well as any other names
under which Seller has entered into agreements, refers to Seller and to no other
person, is the valid name of Seller, and Seller is, and Buyer after consummation
of the transactions contemplated herein will be, entitled to all of the rights
and benefits conferred upon Seller, utilizing such Trade Names. There is no
lawsuit or proceeding pending or threatened against Seller, relating in any way
to, any contract included in the Purchased Assets, or that could otherwise
impair Seller's ability to perform its obligations hereunder. Neither Seller
nor, to Seller's knowledge, any other Party thereto is in breach of or in
default under any contract included in the Purchased Assets nor has any notice
or claim with respect to any breach or default thereunder been given. Seller has
not made any oral representations or warranties to any person with respect to
the Purchased Assets, nor has it offered to provide any services other than what
has already been stated in the Merchant Contracts. The Purchased Assets
constitute all assets currently utilized by Seller in the operation of its ATM
placement and processing business and related businesses, other than the
Excluded Assets. Specifically, Seller represents and warrants that (a) all
Merchant Contracts are assignable without penalty, fees or the necessity of
obtaining third-party consent and will be assigned to Buyer as of the Effective
Date, (b) all Merchant Contracts will be active and in good standing with the

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ATM location owners as of the Closing Date and as of the Effective Date, and all
Merchant Contracts assigned will be in full force and effect and no breach shall
have occurred thereunder, (c) any Merchant Contract coming up for renewal or
renewal notification periods prior to the Effective Date will be renewed by the
Closing Date, or such time as identified in the Merchant Contracts, (d) Seller
has not been notified of any Merchant Contracts terminations and there are no
pending or threatened Merchant terminations, or any facts or circumstances that
would make it likely, or lead Seller to believe, that any Merchant may be
terminated, either early or at the expiration of the relevant term;

            (e)  Exhibit B sets forth a complete list of all of the Distributor
Contracts to which Seller is a Party and details regarding all of the ATMs owned
by Seller and in use at locations covered under the Distributor Contracts, all
of which are being sold to Buyer hereunder. Seller has delivered to Buyer a true
and correct copy of each contract included in the Purchased Assets. Each
contract included in the Purchased Assets is valid and enforceable in accordance
with its terms against Seller and, to Seller's knowledge, against the other
Party or Parties thereto. There is no lawsuit or proceeding pending or
threatened against Seller, relating in any way to, any contract included in the
Purchased Assets, or that could otherwise impair Seller's ability to perform its
obligations hereunder. Neither Seller nor, to Seller's knowledge, any other
Party thereto is in breach of or in default under any contract included in the
Purchased Assets nor has any notice or claim with respect to any breach or
default thereunder been given. Seller has not made any oral representations or
warranties to any person with respect to the Purchased Assets, nor has it
offered to provide any services other than what has already been stated in the
Distributor Contracts. The Purchased Assets constitute all assets currently
utilized by Seller in the operation of its ATM placement and processing business
and related businesses, other than the Excluded Assets. Specifically, Seller
represents and warrants that (a) all Distributor Contracts are assignable
without penalty, fees or the necessity of obtaining third-party consent and will
be assigned to Buyer as of the Effective Date, (b) all Distributor Contracts
will be active and in good standing with the ATM location owners as of the
Closing Date and as of the Effective Date, and all Distributor Contracts
assigned will be in full force and effect and no breach shall have occurred
thereunder, (c) any Distributor Contract coming up for renewal or renewal
notification periods prior to the Effective Date will be renewed by the Closing
Date, or such time as identified in the Distributor Contracts, (d) Seller has
not been notified of any Distributor Contracts terminations and there are no
pending or threatened Distributor terminations, or any facts or circumstances
that would make it likely, or lead Seller to believe, that any Distributor may
be terminated, either early or at the expiration of this term;

            (f)  All financial information relating to the Purchased Assets
that has been provided by Seller, or its agents, to Buyer is true and complete
and has been prepared in accordance with sound financial practices applied on a
consistent basis;

            (g)  Neither this Agreement nor any schedules, certificates or
other document or information provided by Seller to Buyer in connection with
this Agreement or the Related Agreements or the transactions contemplated hereby
contains or will contain any untrue statement of a material fact or omits to
state a material fact necessary to make the statements so made not misleading,
at the time such statements were made and through the time of the Effective
Date;

            (h)  Neither the Seller, nor any of its shareholders, officers,
employers or agents, has employed any financial advisor, broker or finder or
incurred any liability for any financial advisory, brokerage or finder's fee or
commission in connection with this Agreement, and the Related Agreements, or the
transactions contemplated by such agreements for which Buyer could become liable
or obligated; and

            (i)  Seller has not received any proceeds from the ATM processors
with respect to the Purchased Assets that relate in whole or part to any period
after the Effective Date.

      4.2   Buyer Representations. Buyer represents and warrants to Seller as
follows:

            (a)  Buyer is a corporation duly organized, validly existing and in
good standing under the laws of the State of Nevada and has the corporate power
and authority to enter into this Agreement and the Related Agreements and to
consummate the transactions contemplated by this Agreement and the Related
Agreements;

            (b)  Prior to the Closing, this Agreement and each Related Agreement
will have been duly authorized by all necessary corporate action on the part of
Buyer. This Agreement constitutes and, when executed, the Related Agreements
will constitute, the legal, valid and binding obligations of Buyer, enforceable
in accordance with their respective terms; and

            (c)  Neither Buyer, nor any of its Shareholders, officers, employees
or agents have employed any financial advisor, broker or finder or incurred any
liability for any financial advisory, brokerage or finder's fee or commission in
connection with this Agreement, the Related Agreements or the transactions
contemplated by such agreements for which Seller could become liable or
obligated.

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5.    CERTAIN COVENANTS AND AGREEMENTS.

      5.1   Approvals and Consents. Prior to Closing, Seller will obtain, in
writing and without cost or penalty to Buyer, all necessary approvals and
consents required in order to authorize and approve this Agreement and the
Related Agreements, and to consummate the assignment to, and assumption by,
Buyer of the Purchased Assets including, without limitation, the written consent
of the Merchants for the assignment of the Merchant Contracts, the Post Signing
Merchant Contracts, the Distributor Contracts, and the Post Signing Distributor
Contracts, except with respect to those Contracts which specifically permit
assignment without consent.

      5.2   Cooperation. Each of the Parties hereto will use its best efforts
in good faith to perform and fulfill all conditions and obligations to be
fulfilled or performed by it hereunder.

      5.3   Access to Properties, Records and Personnel; Inspection. Seller
shall give Buyer and its counsel, accountants and other representatives full
access during normal business hours to all of the properties, personnel,
financial and operating data, books, tax returns, contracts, commitments and
records of Seller to the extent that they relate to the Purchased Assets. Seller
shall provide Buyer complete copies of all Transferred Contracts including, but
not limited to, those identified on Schedule 5.3 hereto as having missing pages,
or as being missing altogether. Seller agrees to provide Buyer as to each ATM
constituting part of the Purchased Assets the first transaction date and the
first cash-load date. In addition, Seller hereby consents to Buyer contacting
merchants that are parties to the Merchant Contracts and the Post Signing
Merchant Contract to confirm that there have been no oral agreements or
representations made with respect to the Merchant Contracts or the Post Signing
Merchant Contracts and to discuss the assignment of the Merchant Contracts and
the Post Signing Merchant Contracts. In addition, Seller hereby consents to
Buyer contacting distributors that are parties to the Distributor Contracts and
the Post Signing Distributor Contracts to confirm that there have been no oral
agreements or representations made with respect to the Distributor Contracts or
the Post Signing Distributor Contracts and to discuss the assignment of the
Distributor Contracts and the Post Signing Distributor Contracts. In addition,
after October 25, 2005, Buyer, in its sole and absolute discretion, may
interview, and offer employment to, George Ordonez. Such investigation shall not
limit Seller's liability for the breach of Seller's representations and
warranties herein even if Buyer's review did or should have revealed any such
breach.

      5.4   Operation of Business. From the date hereof until the Effective Date
or the earlier termination of this Agreement pursuant to Section 8 hereof,
Seller will: (a) operate its business in the ordinary course; (b) other than as
expressly contemplated to the contrary in this Agreement, use its best efforts
to maintain and transfer all Seller's dealer and distributor relationships to
Buyer and to assist in securing exclusive, network-complaint agreements between
the Seller's dealers/distributors and Buyer and to otherwise preserve its
operations so that Buyer will obtain the benefits intended to be afforded by
this Agreement; (c) not take any action which would result in any representation
or warranty of Seller becoming incorrect or untrue in any respect; (d) obtain
the prior written approval of Buyer in connection with all material decisions
affecting the Purchased Assets, or operations thereunder, other than material
decisions undertaken in the ordinary course of business consistent with (a)
above, (e) maintain all equipment that is the subject of a Merchant Contract or
a Distributor Contract in good working order ordinary wear and tear excepted,
and otherwise comply with all of its obligations under the Merchant Contracts,
the Distributor Contracts, and other Transferred Contracts; (f) notify Buyer in
writing promptly after Seller becomes aware of the occurrence of any event that
might result in any of Seller's statements, representations and warranties under
this Agreement or any Related Agreement being or becoming untrue; and (g) review
and renew all Transferred Contracts expiring prior to the Effective Date or for
which the renewal notification period commences prior to the Effective Date.

      5.5   Transition Services. Prior to the Closing, Seller shall (i) use its
commercially reasonable efforts to obtain the services currently provided by
Core Data Resources ("CDR"), Columbus Data System ("CDS") or Money Access
Services, now STAR Processing, Inc. ("EPS") on a month-to month basis for at
least six (6) months after the Effective Date at the same cost currently charged
to Seller (CDR - $0.075 per Transaction, CDS - $0.08 per transaction, and EPS -
$0.12 per transaction), and (ii) deliver notices to each of the service carriers
for the phone service maintained by Seller relating to the phone lines utilized
in the ATM business, authorizing Buyer to work with such service carrier with
respect to the transferring of the responsible organization for such phone lines
to a vendor selected by Buyer. For a period of up to one hundred twenty (120)
days following the Effective Date (the "Transition Period"), Seller agrees to
provide services to Buyer to permit the continuation of the operations acquired
herein without interruption, including the use of all of the phone lines
(including, without limitation, the following 800 numbers: _800-298-5750 (tech
line), 800-519-2720 (sales line) prior to the transfer thereof, and services
related to accounts receivable, customer service, cash services management, ATM
testing and installation, maintenance and parts repair and accounts payable,
including customer residual payment. Seller will perform the Transition Services
and Buyer will reimburse Seller for all out-of-pocket expenses for providing the
Transition Services within fifteen days after the delivery to Buyer of
reasonable evidence of the incurrence of such expense (i.e. an invoice
therefore) and of Seller's payment thereof. Seller shall deliver to Buyer an
invoice for such services on a monthly basis including reasonably detailed
calculation for the amount so invoiced. Such expenses shall include any shared
employees, etc. All expenses must be pre-approved by the Buyer and the Buyer
will not be obligated to pay for any services rendered without prior written
approval. Within three (3) days prior to the Closing, Buyer will provide Seller
with more detailed information regarding the Transition Services that will be
needed during the Transition Period.

             Page 7 of 14           Initials______ Initials ______
<PAGE>

      5.6   Notices. Each of Buyer and Seller will promptly notify the other in
writing if it receives any notice, or otherwise becomes aware, of any action or
proceeding instituted or threatened before any court or governmental agency by
any third party to restrain or prohibit, or obtain damages in respect of this
Agreement or any Related Agreement or the consummation of the transactions
contemplated hereby or thereby.

      5.7   Further Assurances. Each Party will execute and deliver any further
instruments or documents, and take all further action, reasonably requested by
the other Party to carry out the transactions contemplated by this Agreement and
the Related Agreements.

      5.8   ALLOCATION OF EXPENSES AND REVENUES.

            (a) Seller shall be entitled to all proceeds from the ATM processors
and be liable for all merchant and distributor expenses under the Merchant
Contracts and Distributor Contracts and the Post Signing Merchant Contracts and
Post Signing Distributor Contracts, in each case, that relate to the Purchased
Assets for periods prior to Effective Date;

            (b) Buyer shall be entitled to all proceeds from the ATM processors
and be liable for all merchant and distributor expenses under the Merchant
Contracts and Distributor Contracts and the Post Signing Merchant Contracts and
Post Signing Distributor Contracts, in each case, that relate to the Purchased
Assets for periods on or after the Effective Date;

            (c) Seller agrees to pay, on or before the Closing Date, all amounts
owed to any merchant, distributor, or association and to any vendor or
contractor relating to the Purchased Assets that relate to periods prior to
Effective Date. Any amounts owed by Seller in which the specific amount owed is
known and not paid by Seller on or before the Closing Date will be deducted from
the Purchase Price and paid by Buyer on Seller's behalf;

            (d) Buyer agrees that, after the Closing, it shall promptly remit to
Seller any proceeds it receives from ATM processors that relate to the Purchased
Assets for periods prior to the Effective Date. Seller agrees to promptly remit
to Buyer any ATM processor proceeds it receives that relate to periods on or
after the Effective Date. If Buyer or Seller receives processor proceeds
relating to a period that includes periods both before and after the Effective
Date, then Buyer will remit to Seller, or Seller will remit to Buyer, as
applicable, a pro rata portion of the net processor proceeds received from the
ATM processors, after paying all expenses related strictly to Merchant Contracts
and Distributor Contracts. Such allocation shall be based on the number of days
to which such payment relates that are prior to the Effective Date versus the
number of such days that fall on or after the Effective Date. Any such payment
shall be made by Seller or Buyer, as applicable, to the other within ten (10)
days after such Party's receipt of such funds from the processor; and

            (e) All open and new legal-related issues that exist or arise prior
to the Effective Date or arising after the Effective Date and related to a time
prior to the Effective Date (including, but not limited to, merchants or
distributors breaching or threatening to breach their contracts with Seller or
Seller's distributors) are the sole responsibility of Seller and Seller
indemnifies and holds Buyer harmless for these issues; or

            (f) Vault cash shortages arising prior to the Effective Date or
arising after the Effective Date and related to a time prior to the Effective
Date are the sole responsibility of Seller and Seller indemnifies and holds
Buyer harmless for the vault cash shortages.

      5.9   Indemnification. Seller will indemnify, defend and hold Buyer, its
Affiliates (as defined below) and their respective stockholders, directors,
officers, employees, legal representatives, agents, successors and assigns (the
"Indemnified Parties") harmless from and against any and all claims, judgments,
damages, penalties, fines, costs, liabilities, losses and expenses (including,
without limitation, reasonable attorneys' fees and expenses) incurred by the
Indemnified Parties (collectively, "Losses") arising from or directly or
indirectly relating to:

            (a) Any breach by Seller of any term or provision of this Agreement
or any Related Agreement including, without limitation, Seller's representations
and warranties contained herein; or

             Page 8 of 14           Initials______ Initials ______
<PAGE>

            (b) Seller's performance or breach under any of the Transferred
Contracts prior to the Effective Date; or

            (c) Any termination fee or other expenses owed to ATM processors or
any other third parties providing services that related to the Purchased Assets
prior to the Effective Date, the contracts for which are not assumed by Buyer;
or

            (d) Any claim that any software or trademarks transferred herein
infringes any intellectual property right of any person, or

            (e) Any other expense or liability relating to the Purchased Assets
arising or occurring prior to the Effective Date.

                "Affiliate" means, with respect to any Person (as hereinafter
defined), any Person that controls, is controlled by or is under common control
with such Person, together with its and their respective members, partners,
venturers, directors, officers, stockholders, agents, employees and spouses. A
Person shall be presumed to have control when it possesses the power, directly
or indirectly, to direct, or cause the direction of, the management or policies
of another Person, whether through ownership of voting securities, by contract,
or otherwise.

                "Person" means an individual, partnership, limited liability
company, association, corporation, or other entity.

      5.10  Indemnification by Buyer. Buyer shall indemnify, defend and hold
Seller, its Affiliates and their respective Indemnified Parties harmless from
and against any and all Losses arising from or directly or indirectly relating
to:

            (a)   Any breach by Buyer of any term or provision of this Agreement
or any Related Agreement including, without limitation, Buyer's representations,
warranties and covenants contained herein; or

            (b)   Buyer's performance or breach of the Transferred Contracts
after the Effective Date; or

            (c)   Any other expense or liability relating to the Purchased
Assets arising or occurring after the Effective Date.

      5.11  Survival of Representations and Warranties. The Parties'
representations and warranties contained herein shall survive the Closing for a
period of two (2) years.

      5.12  Exclusivity. From the date hereof through the Effective Date or the
termination of this Agreement, whichever first occurs, Seller shall not, nor
shall Seller authorize or permit any of its directors, officers, employees,
representatives, agents or Affiliates to, directly or indirectly, solicit,
initiate, encourage, respond favorably to, permit or condone inquiries or
proposals from, or provide any confidential information to, or participate in
any discussions or negotiations with, any Person (other than Buyer and its
directors, officers, employees, representatives and agents) concerning a sale,
assignment or other transfer of the Purchased Assets, either directly or through
a stock purchase or merger or other acquisition structure.

6.    HOLDBACK; NEW ADDITIONAL 73 SITES, MISSING CONTRACTS AND LOST CONTRACTS.

      6.1   Establishment of Escrow. Contemporaneously with the Closing, Buyer
shall deliver the Holdback to the Seller's attorney (the "Escrow Agent") to be
held by the Escrow Agent pursuant to the terms of the Escrow Agreement (as
defined in Section 3.3(a)(xxi)). The Holdback shall be utilized to secure
Seller's payment obligations with respect to Lost Contracts (as defined below),
Missing Contracts (as defined below) and other indemnification obligations of
Seller pursuant to Section 5.9 hereof. The amount of the Holdback shall be the
sum of the ATM location values listed in Exhibit A ("Missing Contract Value")
for all of the ATMs associated with the Missing Contracts identified three
business days prior to the Closing; provided that the Holdback shall not be less
than $500,000 and shall not be more than $1,000,000.

      6.2   New Additional 73 Sites. Buyer shall add to the purchase value for
73 new additional Merchant site location contracts, see Exhibit A. The value
shall be calculated using $22.43 average price per location per month ("Average
Price") for 36 months or an additional purchase value of $58,946.04. By March 5,
2006 the Buyer and Seller shall reconcile the actual activity for the previous
four months and compare to the average price calculated of $22.43 Average Price
per location per month. The difference shall be either increase the purchase
price or decrease the purchase price depending on the actual four month average.
If the Average Price is higher than the calculated month's actual average, times
36, less the $58,946.04, then any difference shall be paid to the Buyer. If the
Average Price is lower than the calculated month's average times 36 less the
$58,946.04 then any difference shall be paid to the Seller. All payments shall
be due immediately.

             Page 9 of 14           Initials______ Initials ______
<PAGE>

      6.3   Missing Contracts. Buyer shall be entitled to payment with respect
to Merchant Contracts and Distributor Contracts that (a) Seller does not have
copies of, (b) of which Seller has incomplete copies including but not limited
to missing pages, missing information, not signed by both parties, or not signed
by the appropriate parties, or (c) one or more parties to which are in breach or
default thereof (the Contracts described in (a) through (c) above being
collectively referred to herein as, the "Missing Contracts").

      6.4   Lost Contracts. Buyer shall be entitled to payment with respect to
Lost Contracts defined as any Merchant Contract: (i) with respect to which,
prior to the Closing Date, there is any loss or threatened or pending loss
thereof, or (ii) with respect to which, there is a notification period for
renewal that commences on or prior to the Effective Date and which contract does
not renew upon the expiration of the then-current term, or (iii) which is
terminated or expires without renewal within nine (9) months after the Effective
Date. The Missing Contract Value for all Lost Contracts identified prior to the
Closing Date will be deducted from the Purchase Price. The Seller shall have up
to 30 days to replace any Lost Contracts or Missing Contracts with new Merchant
Contracts locations of equal or greater value. The value of which will be
determined on February 28, 2006.

      6.5   Release of Funds from Holdback. Within the first five (5) business
days of each calendar month for the nine (9) calendar months following the
Effective Date, Buyer and Seller shall instruct the Escrow Agent (i) to deliver
to Seller funds from the Holdback, to the extent such funds have not previously
been paid out by the Escrow Agent, equal to the Missing Contract Value for any
Missing Contracts as to which in the immediately preceding calendar month Seller
has delivered a complete, originally-executed contract, containing the terms and
provisions previously described by Seller to Purchaser; provided that no
instructions shall be given to the Escrow Agent, and the Escrow Agent shall not
release any such funds to Seller, to the extent that (after taking into account
any payment to be made under subsection (ii) hereof) the balance of the Holdback
is less than $500,000 or after such payment would be less than $500,000, and
(ii) to deliver to Buyer the Missing Contract Value with respect to any Lost
Contracts that were identified as being lost in the immediately preceding
calendar month. For example: (a) if Seller obtains a Missing Contract in the
month of November 2005 with a Missing Contract Value of two thousand five
hundred dollars ($2,500) and Buyer receives the contract by November 30th, 2005
and deducting the twenty thousand five hundred dollars ($2,500) from the
Holdback would still leave at least five hundred thousand dollars ($500,000) in
Holdback funds, then by December 7th, 2005 Buyer shall instruct the Escrow Agent
to deliver to Seller two thousand five hundred dollars ($2,500) of the Holdback;
and (b) if Seller obtains and delivers to Buyer a Missing Contract in the month
of January, 2006 and the Missing Contract Value is five thousand dollars
($5,000), the Holdback at such time is $510,000, and during January, 2006 the
Parties identify Lost Contracts with Missing Contract Values equal to $7,000,
there would be no release of payment from the holdback due to the offsetting of
these two occurrences in the month of January 2006, (c) if Seller obtains and
delivers to Buyer a Missing Contract in the month of February, 2006 and the
Missing Contract Value is fifteen thousand dollars ($15,000), the Holdback at
such time is $510,000, then the release of the holdback would only be $10,000 so
as to not reduce the Holdback below the $500,000 amount, and would not be
entitled to any further distributions from the Holdback except as set forth in
Section 6.6 below.

      6.6   Holdback Settlement. On or prior to the twentieth day of the tenth
(10th) calendar month following the Effective Date, Buyer shall have the option
to either (i) release the remaining Holdback to Seller and, in such event, Buyer
shall retain all of the rights, title and interest in all of the ATM locations
that are considered Missing Contracts, or (ii) instruct the Escrow Agent to
deliver the remaining Holdback to Buyer and, in such event, (a) Buyer shall
deliver to Seller the aggregate amount of all net income received by Buyer on or
after the Effective Date with respect to the remaining Missing Contracts, (b)
Buyer shall deliver an assignment of the remaining Missing Contracts to Seller,
and (c) Seller shall execute any documents and take all actions necessary or
requested by Buyer to have the Holdback released to Buyer..

7.    CONDITIONS PRECEDENT.

      7.1   Conditions to Buyer's Obligations. Buyer's obligations under this
Agreement are subject to the satisfaction, on or prior to the Closing Date, of
each of the following conditions, any of which may be waived in writing by
Buyer:

             Page 10 of 14          Initials______ Initials ______
<PAGE>

            (a)   Seller will have complied with and performed in all material
respects its obligations under this Agreement and the Related Agreements
required to be complied with or performed prior to Closing;

            (b)   All representations and warranties of Seller in this Agreement
and the Related Agreements will be true and correct in all material respects as
of the date when given and on the Closing Date;

            (c)   All consents, approvals and waivers required to consummate the
transactions contemplated by this Agreement and the Related Agreements will have
been obtained in writing by Seller and provided to Buyer without any penalty or
condition which is adverse to Buyer. Buyer will have received evidence of the
due authorization and execution of this Agreement by Seller in form and
substance satisfactory to Buyer;

            (d)   There will not have been any material adverse change in the
business, prospects or future business relating to the Purchased Assets, or any
event which may, in the future, cause such a change or any pending or threatened
material litigation or other proceeding relating to the Purchased Assets;

            (e)   Buyer shall have verified the average contract expiration date
for all Merchant Contracts to be purchased by Buyer of at least forty-three (43)
months with at least sixty (60) months successive renewal terms;

            (f)   Buyer's determination, in its sole judgment, that the cost of
Twenty-Four Thousand and No/100 U.S. Dollars ($24,000.00) is a reasonable
estimate for the 3DES and EPP network compliant upgrades to be performed that
are the responsibility of Seller;

            (g)   Seller shall have completed at least forty percent (40%) of
the necessary 3DES and EPP network compliant upgrades related to the Purchase
Assets by the Closing Date;

            (h)   Buyer shall have verified transaction volumes, revenue amount
shared, and all associated costs (cash, armored, maintenance, processing, etc.)
for all ATMs as expressed by Seller;

            (i)   Seller's contract with CDR shall have been terminated on or
prior to the Closing Date and Buyer's ability (through Seller, if necessary) to
have the ATM locations related to the Purchased Assets processed by CDR on a
month-to-month basis for a period of six (6) months with a processing cost no
greater than current cost from CDR of eight cents ($0.075) per transaction to
give Buyer time to transition the ATMs to another processor;

            (j)   Seller's contract with CDS shall have been terminated on or
prior to the Closing Date and Buyer's ability (through Seller, if necessary) to
have the ATM locations related to the Purchased Assets processed by CDS on a
month-to-month basis for a period of six (6) months with a processing cost no
greater than current cost from CDS of eight cents ($0.08) per transaction to
give Buyer time to transition the ATMs to another processor;

            (k)   Seller's contract with EPS shall have been terminated on or
prior to the Closing Date and Buyer's ability (through Seller, if necessary) to
have the ATM locations related to the Purchased Assets processed by EPS on a
month-to-month basis for a period of six (6) months with a processing cost no
greater than current cost from EPS of twelve cents ($0.12) per transaction to
give Buyer time to transition the ATMs to another processor;

            (l)   Employees and owners of Seller shall have executed five (5)
years non-compete agreements relating to the Purchased Assets, in form and
substance satisfactory to Buyer;

            (m)   Verification of all Purchased Assets are free and clear of all
and any liens, commitments, obligations from all Parties and/or obligations to
taxing or governmental authorities, in form and substance satisfactory to Buyer;

            (n)   Seller shall have reviewed and confirmed the assign-ability of
all vendor contracts and network agreements and commitments including, but not
limited to processors, distributors, maintenance and assets related to ancillary
products sold and services provided by Seller, of which any and all penalties,
early termination fees and any other expenses incurred as a result of the
Purchased Assets shall be paid by Seller;

            (o)   Buyer shall have reviewed all Transferred Contracts and
confirmed their assign-ability;

            (p)   Buyer shall have received such other documents and instruments
as Buyer may reasonably request to effectuate the transactions contemplated
herein and to vest in Buyer title to, and rights in the Purchased Assets; and

             Page 11 of 14          Initials______ Initials ______
<PAGE>

            (q)   Buyer shall have received all of the items set forth in
Sections 3.3(a) and (c) hereof.

      7.2   Condition to Seller's Obligations. Seller's obligations under this
Agreement are subject to the satisfaction, on the Closing Date, of the following
conditions, which may be waived by Seller:

            (a)   Buyer will have complied with and performed, in all material
respects, its obligations under this Agreement and the Related Agreements;

            (b)   All representations of Buyer in this Agreement or the Related
Agreements will be true and correct as of the date when given and on the Closing
Date; and

            (c)   Seller shall have received all of the items set forth in
Sections 3.3(b) and (c) hereof.

8. TERMINATION OF AGREEMENT; EFFECT OF TERMINATION.

      8.1   Termination. This Agreement may be terminated at any time before
the Closing as follows:

            (a)   By Buyer, by notice to Seller, if any of Buyer's conditions
precedent to Closing have not been satisfied as of the Closing Date or have
become incapable of being satisfied by December 31, 2005;

            (b)   By Seller, by notice to Buyer, if any of Seller's conditions
precedent to Closing have not been satisfied as of the Closing Date or have
become incapable of being satisfied by December 31, 2005;

            (c)   By either Party, if the Board of Directors, or other governing
body or bodies, of such Party shall not have approved the Definitive Agreement;
and

            (d)   By Buyer, if Buyer's lenders and/or financing entities have
not? approved the Definitive Agreement and funded the Purchase Price.

      8.2   Effect of Termination. With the exception of Section 5.9
(Indemnification) and this Section 8.2 which shall survive termination of this
Agreement, upon a termination in accordance with Section 8.1, this Agreement
will have no further force or effect. Notwithstanding the foregoing, each Party
will be liable to the other for any breaches by such Party prior to termination
of this Agreement.

9.    GUARANTEE.

      Richard Westenberger and Patricia Buckholz ("Guarantors") hereby
unconditionally and irrevocably guarantee as primary obligors, and not merely
as a surety, the prompt payment and satisfaction by Seller of all of its
obligations hereunder including but not limited to ATM supplies, ATM repairs,
ATM cash management, ATM customer (Independent Sales Organization) fees, ATM
merchant/location fees, ATM processing fees, ATM sales fees, ATM Distributor
fees and the like. In the event that all or any portion of the guaranteed
obligations is paid by Seller, the obligations of the Guarantors shall continue
and remain in full force and effect in the event that all or any portion of such
payment is rescinded or recovered from Buyer as a fraudulent conveyance,
preference or otherwise.

10.   MISCELLANEOUS.

      10.1  No Waiver. No waiver of any breach of any provision of this
Agreement will be deemed a waiver of any other breach of this Agreement. No
extension of time for performance of any act will be deemed an extension of the
time for performance of any other act.

      10.2  Severability. The provisions of this Agreement will be deemed
severable, and if any provision of this Agreement is held illegal, void or
invalid under applicable law, such provision may be changed to the extent
reasonably necessary to make the provision legal, valid and binding. If any
provision of this Agreement is held illegal, void or invalid in its entirety,
the remaining provisions of this Agreement will not be affected but will remain
binding in accordance with their terms.

      10.3  Entire Agreement; Amendment. This Agreement, the Related Agreements
and the schedules, exhibits and attachments to such agreements contain the
entire agreement of the Parties with respect to the subject matter hereof. This
Agreement may be amended only by an instrument in writing signed by all of the
Parties hereto. The headings in this Agreement are solely for convenience of
reference and will not affect the interpretation of any provision of this
Agreement.

             Page 12 of 14          Initials______ Initials ______
<PAGE>

      10.4  Applicable Law. This Agreement will be construed in accordance with
and governed by the laws of the State of Florida. Jurisdiction and venue for all
disputes relating to this Agreement shall lie with the State and federal courts
located in St. Johns County, Florida.

      10.5  Time is of the Essence. The Parties to this Agreement acknowledge
and agree that time is of the essence with respect to the consummation of the
transactions contemplated by this Agreement and each Related Agreement.

      10.6  Binding Agreement, Assignment. The terms and provisions of this
Agreement will bind the Parties and their respective permitted successors and
assigns. Neither this Agreement nor any Related Agreement may be assigned by
Seller or Buyer without the prior written consent of the other.

      10.7 Expenses. Each Party will pay all of its expenses, including
attorneys' and accountants' fees in connection with the negotiation of this
Agreement or any Related Agreement, the performance of its obligations hereunder
or thereunder, and the consummation of the transactions contemplated by this
Agreement or any Related Agreement; provided that in any proceeding or other
attempt to enforce, construe or to determine the validity of this Agreement or
any Related Agreement, the non-prevailing Party will pay the reasonable expenses
of the prevailing Party, including reasonable attorneys' fees and costs.

      10.8  Notices. All notices, demands or other communications required or
permitted to be given hereunder will be in writing, and any and all such items
will be deemed to have been duly delivered upon personal delivery; or as of the
third (3rd) business day after mailing by United States mail, certified, return
receipt requested, postage prepaid, addressed as follows; or as of the
immediately following business day after deposit with Federal Express or a
similar overnight courier service, addressed as follows; or as of the business
day if by facsimile to the facsimile number set forth below:

            Notice to Seller: Amer-e-com Digital Corporation
                                 8054 Washington Street, Suite 169
                                 Port Richey, Florida 34668
                                 Attention   :  Richard Westenberger
                                 Telephone:  (727) 815-8515
                                 Facsimile  :  (727) 815-8835

            Notice to Buyer: Global Axcess Corp
                                 224 Ponte Vedra Park Drive
                                 Ponte Vedra Beach, Florida 32082
                                 Attention   :   David J. Surette
                                 Telephone:   (904) 395-1135
                                 Facsimile  :   (904) 280-8588

      10.9  Counterparts. This Agreement may be executed in one or more
counterparts, any one of which need not contain the signatures of more than one
Party, but all such counterparts taken together will constitute one and the same
instrument.

      10.10 No Third Party Beneficiaries. Nothing in this Agreement is intended
or shall be construed to give any person, other than the parties hereto, any
legal or equitable right, remedy or claim under or in respect of this Agreement
or any provision contained herein.

      10.11 Publicity. Each Party agrees to notify the other prior to issuing
any press release or making any public statement regarding the transactions
contemplated hereby, and will attempt to obtain the reasonable approval of the
other Party prior to making such release or statement, except where such release
or statement is required by applicable law or pursuant to any listing agreement
with, or the rules or regulations of, any securities exchange or any other
regulatory requirement, in which case the disclosing Party shall endeavor to
provide the other Party with as much prior notice of the content of such release
or statement as is reasonably practicable under the circumstances.

      10.12 Confidentiality. Other than as contemplated by this Agreement,
Seller will maintain in confidence, and will cause its directors, officers,
employees, agents, and advisors to maintain in confidence, any written, oral, or
other information in its possession relating directly or indirectly to the
Purchased Assets, unless such information becomes publicly available through no
fault of Seller, or its directors, officers, employees, agents or advisors, the
use of such information is necessary or appropriate in making any filing or
obtaining any consent or approval required for the consummation of the
transactions contemplated herein, or the furnishing or use of such information
is required by legal proceedings or otherwise required by law. If this Agreement
is terminated pursuant to Section 8.1, this Section 10.12 shall be of no further
force or effect.

             Page 13 of 14          Initials______ Initials ______
<PAGE>

         THE PARTIES HAVE EXECUTED AND DELIVERED THIS AGREEMENT on the date set
forth in the introductory paragraph of this Agreement.

SELLER                                   BUYER

AMER-E-COM DIGITAL                       GLOBAL AXCESS CORP,
CORPORATION, a Florida corporation       a Nevada corporation

By:                                      By:
   ---------------------------------        ------------------------------------
   Richard Westenberger                     David J. Surette
   Chief Executive Officer                  Chief Financial Officer

AMER-E-COM DIGITAL
CORPORATION, a Florida corporation

By:
   ---------------------------------
   Patricia Buckholz
   Vice President

             Page 14 of 14          Initials______ Initials ______INDEMNIFICATION AGREEMENT

            INDEMNIFICATION  AGREEMENT,  dated  as of  October  __,  2005 by and
between XL GENERATION INTERNATIONAL INC., a Nevada corporation on its own behalf
and on behalf of each of its subsidiaries (collectively, the "Company"), and the
director  and/or  officer  whose  name  appears  on the  signature  page of this
Agreement ("Indemnitee").

                                    RECITALS

            A. Highly competent  persons are becoming more reluctant to serve as
directors  or officers or in other  capacities  unless  they are  provided  with
reasonable  protection  through  insurance or  indemnification  against risks of
claims and actions  against them arising out of their service to and  activities
on behalf of the corporations.

            B. The Board of  Directors of the Company (the "Board" or the "Board
of  Directors")  has  determined  that the  Company  should  act to  assure  its
directors and officers that there will be increased certainty of such protection
in the future.

            C.  It  is  reasonable,   prudent  and  necessary  for  the  Company
contractually to obligate itself to indemnify such persons to the fullest extent
permitted  by  applicable  law so that they will serve or  continue to serve the
Company free from undue concern that they will not be so indemnified.

            D.  Indemnitee is willing to serve, to continue to serve and to take
on  additional  service  for or on behalf of the Company on the  condition  that
Indemnitee be so indemnified.

                                    AGREEMENT

            In consideration of the premises and the covenants contained herein,
the Company and Indemnitee do hereby covenant and agree as follows:

            1. Definitions. For purposes of this Agreement:

            (a)  "Affiliate"  shall  mean any  corporation,  partnership,  joint
venture,  trust or other enterprise in respect of which the Indemnitee is or was
or will be serving as a director,  officer, advisory director or Board Committee
member at the request of the  Company,  and  including,  but not limited to, any
employee benefit plan of the Company or any of the foregoing.

            (b)  "Disinterested  Director"  shall mean a director of the Company
who  is  not  or  was  not a  party  to  the  Proceeding  in  respect  of  which
indemnification is being sought by Indemnitee.

            (c)  "Expenses"   shall  include  all  attorneys'  fees  and  costs,
retainers,  court costs,  transcripts,  fees of experts,  witness  fees,  travel
expenses,  duplicating  costs,  printing and binding costs,  telephone  charges,
postage,  delivery service fees and all other disbursements or expenses incurred
in connection with asserting or defending claims.

<PAGE>

            (d)  "Independent  Counsel"  shall  mean a law firm or  lawyer  that
neither is presently  nor in the past five years has been retained to represent:
(i) the Company or Indemnitee  in any matter  material to any such party or (ii)
any other party to the  Proceeding  giving  rise to a claim for  indemnification
hereunder.  Notwithstanding the foregoing,  the term "Independent Counsel" shall
not  include  any  firm  or  person  who,  under  the  applicable  standards  of
professional  conduct  then  prevailing,  would have a conflict  of  interest in
representing  any of  the  Company  or  Indemnitee  in an  action  to  determine
Indemnitee's right to indemnification under this Agreement.  All Expenses of the
Independent  Counsel  incurred  in  connection  with  acting  pursuant  to  this
Agreement shall be borne by the Company.

            (e) "Losses" shall mean all losses, claims, liabilities,  judgments,
fines,  penalties  and  amounts  paid  in  settlement  in  connection  with  any
Proceeding.

            (f) "Proceeding" includes any action, suit,  arbitration,  alternate
dispute resolution mechanism, investigation, administrative hearing or any other
proceeding whether civil, criminal,  administrative or investigative;  provided,
however,  that the term  "Proceeding"  shall include any action instituted by an
Indemnitee  (other than an action to enforce  indemnification  rights under this
Agreement) only if such action is authorized by the Board of Directors.

      2. Service by Indemnitee.  Indemnitee agrees to begin or continue to serve
the  Company or an  Affiliate  as a  director  and/or  officer.  Notwithstanding
anything  contained  herein,  this  Agreement  shall not  create a  contract  of
employment   between  the  Company  and  Indemnitee,   and  the  termination  of
Indemnitee's  relationship  with the  Company or an  Affiliate  by either  party
hereto shall not be restricted by this Agreement.

      3.  Indemnification.  The Company agrees to indemnify  Indemnitee for, and
hold  Indemnitee  harmless from and against,  any Losses or Expenses at any time
incurred by or assessed against  Indemnitee arising out of or in connection with
the service of  Indemnitee as a director,  advisory  director,  Board  Committee
member,  officer,   employee  or  agent  of  the  Company  or  of  an  Affiliate
(collectively  referred  to as an  "Officer  or Director of the Company or of an
Affiliate"),  whether  the  basis of such  proceeding  is  alleged  action in an
official  capacity  or in any other  capacity  while  serving  as an  Officer or
Director of the Company or of an Affiliate,  to the fullest extent  permitted by
the laws of the State of New York in  effect on the date  hereof or as such laws
may from  time to time  hereafter  be  amended  to  increase  the  scope of such
permitted indemnification.  Without diminishing the scope of the indemnification
provided by this Section 3, the rights of indemnification of Indemnitee provided
hereunder  shall  include  but shall not be  limited  to those  rights set forth
hereinafter.

      4.  Action or  Proceeding  Other  Than an Action by or in the Right of the
Company.  Indemnitee  shall be entitled to the  indemnification  rights provided
herein if  Indemnitee is a person who was or is made a party or is threatened to
be made a party to any pending,  completed or threatened Proceeding,  other than
an  action  by or in the  right of the  Company,  by reason of (a) the fact that
Indemnitee is or was an Officer or Director of the Company or of an Affiliate or
(b) anything done or not done by Indemnitee  in any such  capacity.  Pursuant to
this  Section,  Indemnitee  shall be  indemnified  against  Losses  or  Expenses
incurred  by  Indemnitee  or on  Indemnitee's  behalf  in  connection  with  any
Proceeding,  if  Indemnitee  acted  in good  faith  and in a  manner  Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company
and, with respect to any criminal Proceeding, had no reasonable cause to believe
his conduct was unlawful.

                                       2
<PAGE>

      5. Actions by or in the Right of the Company. Indemnitee shall be entitled
to the indemnification  rights provided herein if Indemnitee is a person who was
or is made a party or is threatened to be made a party to any pending, completed
or threatened  Proceeding brought by or in the right of the Company to procure a
judgment  in its favor by reason  of (a) the fact that  Indemnitee  is or was an
Officer or Director of the Company or of an Affiliate  or (b)  anything  done or
not  done  by  Indemnitee  in any  such  capacity.  Pursuant  to  this  Section,
Indemnitee  shall  be  indemnified  against  Losses  or  Expenses  actually  and
reasonably  incurred by Indemnitee or on Indemnitee's  behalf in connection with
any  Proceeding  if  Indemnitee  acted in good faith and in a manner  Indemnitee
reasonably  believed  to be in or not  opposed  to  the  best  interests  of the
Company.  Notwithstanding  the foregoing  provisions  of this  Section,  no such
indemnification  shall be made in respect  of any  claim,  issue or matter as to
which New York law  expressly  prohibits  such  indemnification  by reason of an
adjudication of liability of Indemnitee to the Company; provided,  however, that
in such event such indemnification  shall nevertheless be made by the Company to
the  extent  that the  court in which  such  action  or suit was  brought  shall
determine equitable under the circumstances.

      6.  Indemnification  for  Losses  and  Expenses  of Party Who is Wholly or
Partly  Successful.  Notwithstanding  any  provision of this  Agreement,  to the
extent that  Indemnitee  has been wholly  successful  on the merits or otherwise
absolved in any Proceeding on any claim,  issue or matter,  Indemnitee  shall be
indemnified  against all Losses or Expenses actually and reasonably  incurred by
Indemnitee or on Indemnitee's behalf in connection  therewith.  If Indemnitee is
not wholly  successful in such  Proceeding but is  successful,  on the merits or
otherwise, as to one or more but less than all claims, issues or matters in such
Proceeding,  the Company agrees to indemnify  Indemnitee,  to the maximum extent
permitted by law,  against all Losses and  Expenses  incurred by  Indemnitee  in
connection with each successfully resolved claim, issue or matter. In any review
or Proceeding to determine the extent of indemnification, the Company shall bear
the burden of proving any lack of success and which amounts  sought in indemnity
are allocable to claims, issues or matters which were not successfully resolved.
For purposes of this Section and without limitation, the termination of any such
claim, issue or matter by dismissal with or without prejudice shall be deemed to
be a successful resolution as to such claim, issue or matter.

      7. Payment for Expenses of a Witness.  Notwithstanding any other provision
of this Agreement,  to the extent that Indemnitee is, by reason of the fact that
Indemnitee is or was an Officer or Director of the Company or of an Affiliate, a
witness in any Proceeding,  the Company agrees to pay to Indemnitee all Expenses
actually and  reasonably  incurred by  Indemnitee or on  Indemnitee's  behalf in
connection therewith.

                                       3
<PAGE>

      8.  Advancement  of Expenses  and Costs.  All  Expenses  incurred by or on
behalf of  Indemnitee  (or  reasonably  expected by Indemnitee to be incurred by
Indemnitee  within three months) in connection with any Proceeding shall be paid
promptly by the Company, and in any event in advance of the final disposition of
such  Proceeding  within  sixty  days  after the  receipt  by the  Company  of a
statement  or  statements  from  Indemnitee  requesting  from  time to time such
advance or advances,  whether or not a determination  to indemnify has been made
under  Section 9. Such  statement or  statements  shall  evidence  such Expenses
incurred (or  reasonably  expected to be incurred) by  Indemnitee  in connection
therewith and shall include or be accompanied by a written  undertaking by or on
behalf of Indemnitee  to repay such amount if it shall  ultimately be determined
that Indemnitee is not entitled to be indemnified therefor pursuant to the terms
of this Agreement.  The right to  indemnification of advances as granted by this
Section  8 shall be  enforceable  by the  director  or  officer  in any court of
competent jurisdiction, if the Company denies such request, in whole or in part,
or if no  disposition  thereof is made within 60 days.  Such person's  costs and
expenses incurred in connection with successfully  establishing his/her right to
indemnification,  in  whole  or in  part,  in any  such  action  shall  also  be
indemnified by the Company.  It shall be a defense to any such action seeking an
adjudication or award in arbitration  pursuant to this Agreement  (other than an
action brought to enforce a claim for the advance of costs, charges and expenses
under this Section 8 where the required  undertaking,  if any, has been received
by the Company)  that the claimant has not met the standard of conduct set forth
in the New York Business Corporation Law, as the same exists or hereafter may be
amended  (but, in the case of any such  amendment,  only to the extent that such
amendment  permits the Company to provide  broader  indemnification  rights than
said law  permitted  the Company to provide  prior to such  amendment),  but the
burden of proving such defense  shall be on the Company.  Neither the failure of
the Company (including its Board of Directors, its independent legal counsel and
its stockholders) to have made a determination prior to the commencement of such
action  that  indemnification  of the  claimant  is proper in the  circumstances
because he/she has met the  applicable  standard of conduct set forth in the New
York  Business  Corporation  Law, as the same exists or hereafter may be amended
(but, in the case of any such amendment,  only to the extent that such amendment
permits  the  Company to provide  broader  indemnification  rights that said law
permitted  the Company to provide  prior to such  amendment),  nor the fact that
there has been an actual  determination  by the Company  (including its Board of
Directors, its independent legal counsel and its stockholders) that the claimant
has not met such  applicable  standard  of  conduct,  shall be a defense  to the
action or create a  presumption  that the  claimant  has not met the  applicable
standard of conduct.

      9. Procedure for Determination of Entitlement to Indemnification. (a) When
seeking  indemnification  under this  Agreement  (which shall not include in any
case the right of  Indemnitee  to  receive  payments  pursuant  to Section 7 and
Section 8 hereof,  which  shall not be subject to this  Section  9),  Indemnitee
shall submit a written request for indemnification to the Company.  Such request
shall include documentation or information which is reasonably necessary for the
Company to make a determination of Indemnitee's  entitlement to  indemnification
hereunder  and which is reasonably  available to  Indemnitee.  Determination  of
Indemnitee's  entitlement to indemnification  shall be made promptly,  but in no
event later than 60 days after  receipt by the Company of  Indemnitee's  written
request for indemnification.  The Secretary of the Company shall,  promptly upon
receipt  of  Indemnitee's  request  for  indemnification,  advise the Board that
Indemnitee has made such request for indemnification.

                                       4
<PAGE>

            (b) The  entitlement  of  Indemnitee to  indemnification  under this
Agreement in respect of any pending, contemplated or threatened Proceeding shall
be  determined  in the specific case by (a) the Board of Directors by a majority
vote of those  directors who were not party to such  Proceeding,  whether or not
they  constitute a quorum of the Board of Directors,  or (b) if such a quorum is
not  obtainable,  or if a quorum  of  disinterested  directors  so  directs,  by
Independent Counsel in a written opinion, or (c) by the stockholders.

            (c) In the event the  determination  of entitlement is to be made by
Independent Counsel, such Independent Counsel shall be selected by the Board and
approved by Indemnitee.  Upon failure of the Board and the Board of Directors to
so select such Independent  Counsel or upon failure of Indemnitee to so approve,
such  Independent  Counsel shall be selected by the President of the Association
of the Bar of the City of New York.

            (d) If the  determination  made  pursuant  to  Section  9(b) is that
Indemnitee is not entitled to indemnification to the full extent of Indemnitee's
request,  Indemnitee shall have the right to seek entitlement to indemnification
in accordance with the procedures set forth in Section 10 hereof.

            (e) If the  person or persons  empowered  pursuant  to Section  9(b)
hereof to make a  determination  with respect to entitlement to  indemnification
shall  have  failed to make the  requested  determination  within 60 days  after
receipt  by  the  Company  of  such  request,  the  requisite  determination  of
entitlement to indemnification  shall be deemed to have been made and Indemnitee
shall   be   absolutely   entitled   to   such   indemnification,   absent   (i)
misrepresentation   by  Indemnitee  of  a  material  fact  in  the  request  for
indemnification  or (ii) a final judicial  determination that all or any part of
such indemnification is expressly prohibited by law.

            (f) The termination of any Proceeding by judgment, order, settlement
or conviction,  or upon a plea of nolo contendere or its equivalent,  shall not,
of  itself,  adversely  affect  the  rights  of  Indemnitee  to  indemnification
hereunder,   except  as  may  be  specifically  provided  herein,  or  create  a
presumption  that  Indemnitee  did not act in good  faith and in a manner  which
Indemnitee  reasonably believed to be in or not opposed to the best interests of
the Company or create a presumption that (with respect to any criminal action or
Proceeding) Indemnitee had reasonable cause to believe that Indemnitee's conduct
was unlawful.

            (g) For  purposes  of any  determination  of good  faith  hereunder,
Indemnitee  shall be deemed to have  acted in good  faith if in taking an action
Indemnitee  relied on the  records  or books of  account  of the  Company  or an
Affiliate,  including  financial  statements,  or  on  information  supplied  to
Indemnitee by the officers of the Company or an Affiliate in the course of their
duties,  or on the advice of legal counsel for the Company or an Affiliate or on
information  or records  given or reports made to the Company or an Affiliate by
an independent  certified  public  accountant or by an appraiser or other expert
selected with reasonable care by the Company or an Affiliate.  The Company shall
have the burden of  establishing  the absence of good faith.  The  provisions of
this Section 9(g) shall not be deemed to be exclusive or to limit in any way the
other  circumstances  in which  the  Indemnitee  may be  deemed  to have met the
applicable standard of conduct set forth in this Agreement.

                                       5
<PAGE>

            (h)  The  knowledge  and/or  actions,  or  failure  to  act,  of any
director, officer, agent or employee of the Company or an Affiliate shall not be
imputed to Indemnitee for purposes of determining  the right to  indemnification
under this Agreement.

      10.  Remedies in Cases of  Determination  Not to  Indemnify  or to Advance
Expenses.  (a) In the event that (i) a determination  is made that Indemnitee is
not entitled to indemnification  hereunder,  (ii) advances are not made pursuant
to  Section 8 hereof or (iii)  payment  has not been  timely  made  following  a
determination  of entitlement to  indemnification  pursuant to Section 9 hereof,
Indemnitee shall be entitled to seek an adjudication in an appropriate  court of
the  State  of New  York or any  other  court of  competent  jurisdiction  as to
Indemnitee's entitlement to such indemnification or advance.

            (b) In the event a  determination  has been made in accordance  with
the  procedures  set  forth in  Section  9  hereof,  in  whole or in part,  that
Indemnitee  is not  entitled to  indemnification,  any  judicial  proceeding  or
arbitration referred to in paragraph (a) of this Section 10 shall be de novo and
Indemnitee  shall not be  prejudiced  by reason of any such prior  determination
that Indemnitee is not entitled to  indemnification,  and the Company shall bear
the burdens of proof specified in paragraphs 6 and 9 hereof in such proceeding.

            (c) If a determination  is made or deemed to have been made pursuant
to  the  terms  of  Section  9 or 10  hereof  that  Indemnitee  is  entitled  to
indemnification,  the  Company  shall  be  bound  by such  determination  in any
judicial proceeding or arbitration in the absence of (i) a misrepresentation  of
a material fact by Indemnitee or (ii) a final judicial determination that all or
any part of such indemnification is expressly prohibited by law.

            (d) The Company and  Indemnitee  agree that they shall be  precluded
from asserting that the  procedures and  presumptions  of this Agreement are not
valid,  binding and  enforceable.  The Company and  Indemnitee  further agree to
stipulate in any such court that the Company and  Indemnitee are bound by all of
the  provisions of this Agreement and are precluded from making any assertion to
the contrary.

            (e) To the extent deemed appropriate by the court, interest shall be
paid by the Company to  Indemnitee  at a  reasonable  interest  rate for amounts
which the Company  indemnifies or is obliged to indemnify the Indemnitee for the
period  commencing with the date on which Indemnitee  requested  indemnification
(or  reimbursement  or advance of an Expense)  and ending with the date on which
such payment is made to Indemnitee by the Company.

      11.  Expenses  Incurred  by  Indemnitee  to Enforce  this  Agreement.  All
Expenses   incurred  by  Indemnitee  in  connection  with  the  preparation  and
submission of Indemnitee's request for indemnification  hereunder shall be borne
by the Company.  In the event that Indemnitee is a party to or intervenes in any
proceeding in which the validity or enforceability of this Agreement is at issue
or seeks an  adjudication  to enforce  Indemnitee's  rights under, or to recover
damages for breach of, this  Agreement,  Indemnitee,  if Indemnitee  prevails in
whole in such action,  shall be entitled to recover from the Company,  and shall
be indemnified by the Company against,  any Expenses incurred by Indemnitee.  If
it is determined  that Indemnitee is entitled to  indemnification  for part (but
not all) of the  indemnification  so  requested,  Expenses  incurred  in seeking
enforcement of such partial  indemnification  shall be reasonably prorated among
the  claims,  issues  or  matters  for  which  the  Indemnitee  is  entitled  to
indemnification  and for claims,  issues or matters for which the  Indemnitee is
not so entitled.

                                       6
<PAGE>

      12. Non-Exclusivity. The rights of indemnification and to receive advances
as provided by this Agreement shall not be deemed  exclusive of any other rights
to which Indemnitee may at any time be entitled under or by reason of applicable
law, any certificate of  incorporation  or by-laws,  any agreement,  any vote of
stockholders  or any  resolution  of  directors  or  otherwise.  To  the  extent
Indemnitee would be prejudiced thereby, no amendment, alteration,  rescission or
replacement of this  Agreement or any provision  hereof shall be effective as to
Indemnitee  with  respect to any action taken or omitted by such  Indemnitee  in
Indemnitee's position with the Company or an Affiliate or any other entity which
Indemnitee  is or was  serving  at the  request  of the  Company  prior  to such
amendment, alteration, rescission or replacement.

      13.  Duration  of  Agreement.  This  Agreement  shall  apply to any  claim
asserted  and any Losses and  Expenses  incurred  in  connection  with any claim
asserted on or after the effective  date of this  Agreement  and shall  continue
until and terminate upon the later of: (a) 10 years after  Indemnitee has ceased
to occupy any of the  positions  or have any of the  relationships  described in
Sections  3,  4 or 5 of  this  Agreement;  or  (b)  one  year  after  the  final
termination  of all  pending or  threatened  Proceedings  of the kind  described
herein with  respect to  Indemnitee.  This  Agreement  shall be binding upon the
Company  and its  successors  and  assigns  and shall  inure to the  benefit  of
Indemnitee  and  Indemnitee's  spouse,  assigns,   heirs,  devisee,   executors,
administrators or other legal representatives.

      14.  Severability.  Should any part, term or condition  hereof be declared
illegal or  unenforceable or in conflict with any other law, the validity of the
remaining  portions  or  provisions  of this  Agreement  shall  not be  affected
thereby, and the illegal or unenforceable portions of the Agreement shall be and
hereby are redrafted to conform with applicable law, while leaving the remaining
portions of this Agreement intact.

      15. Counterparts.  This Agreement may be executed in several counterparts,
each of which  shall be  deemed an  original,  but all of which  together  shall
constitute one and the same document.

      16. Headings. Section headings are for convenience only and do not control
or  affect  meaning  or  interpretation  of any  terms  or  provisions  of  this
Agreement.

      17.  Modification and Waiver. No supplement,  modification or amendment of
this  Agreement  shall be  binding  unless  executed  in  writing by each of the
parties hereto.

      18. No  Duplicative  Payment.  The Company  shall not be liable under this
Agreement to make any payment of amounts  otherwise  indemnifiable  hereunder if
and to the extent that Indemnitee has otherwise  actually  received such payment
(net of Expenses incurred in collecting such payment) under this Agreement,  any
insurance policy, contract, agreement or otherwise.

                                       7
<PAGE>

      19.  Notices.  All  notices,  requests,  demands and other  communications
provided for by this  Agreement  shall be in writing  (including  telecopier  or
similar  writing) and shall be deemed to have been given at the time when mailed
in a registered or certified  postpaid  envelope in any general or branch office
of the United States Postal Service, or sent by Federal Express or other similar
overnight courier service,  addressed to the address of the parties stated below
or to such  changed  address as such party may have fixed by notice or, if given
by telecopier, when such telecopy is transmitted and the appropriate answer back
is received.

            (a) If to Indemnitee, to the address appearing on the signature page
hereof.

            (b) If to the Company to:

                XL GENERATION INTERNATIONAL INC.
                460 Saint-Gabriel, Suite 21
                Montreal, Quebec H2Y 2Z9
                Canada
                Phone:  (514) 397-0575
                Fax:    (514) 397-0480

            with a copy to:

                Wuersch & Gering LLP
                100 Wall Street - 21st Floor
                New York, NY 10005
                Attention:  Travis L. Gering, Esq.
                Phone:  (212) 509-4723
                Fax:    (212) 509-9559

      20. GOVERNING LAW. THE PARTIES AGREE THAT THIS AGREEMENT SHALL BE GOVERNED
BY, AND  CONSTRUED  AND ENFORCED IN  ACCORDANCE  WITH,  THE INTERNAL LAWS OF THE
STATE OF NEW YORK WITHOUT  GIVING  EFFECT TO THE  CONFLICTS  OF LAWS  PRINCIPLES
THEREOF.

      21. Entire Agreement. Subject to the provisions of Section 12 hereof, this
Agreement   constitutes  the  entire  understanding   between  the  parties  and
supersedes   all   proposals,    commitments,    writings,    negotiations   and
understandings,  oral and  written,  and all other  communications  between  the
parties relating to the subject matter of this Agreement. This Agreement may not
be amended or otherwise  modified  except in writing duly executed by all of the
parties.  A waiver by any party of any  breach or  violation  of this  Agreement
shall  not be  deemed  or  construed  as a waiver  of any  subsequent  breach or
violation thereof.

                           [Signature Page to follow]

                                       8
<PAGE>

            IN  WITNESS   WHEREOF,   the  parties   hereto  have  executed  this
Indemnification Agreement as of the date first above written.

                                         XL GENERATION INTERNATIONAL INC.

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

                                         INDEMNITEE:

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

                                         Address:
                                                 -------------------------------

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

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

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

                                       9
<PAGE>

                                     ANNEX 1
                    PARTIES TO THE INDEMNIFICATION AGREEMENT

The  following  officers  and  directors  of the Company  have  entered into the
Indemnification  Agreement  between XL  Generation  International  Inc.  and the
Company's officers and directors:

Name:                                    Title:

Alain Lemieux                            CEO, President and Director
Flemming Munck                           CFO and Director
Alexander C. Gilmour CVO                 Chairman of the Board
Daniel Courteau                          Secretary and Director
Claude Pellerin                          Director

                                       10

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