Document:

Exhibit 10.1(b)

                          AGREEMENT AND PLAN OF MERGER

     THIS AGREEMENT AND PLAN OF MERGER (the  "Agreement")  is made this 24th day
of June,  2007 by and among  GlobalTech AC, Inc., an Illinois  corporation  (the
"COMPANY"),  the  shareholders  of the  Company  listed on the  signature  pages
attached hereto (each a "SELLER" and collectively,  "SELLERS"),  and Terra Firma
Technologies, Inc., a Delaware corporation (f/k/a Highriver Acquisition Corp., a
Delaware corporation) ("PURCHASER").

     WHEREAS,  Sellers  are the  record  and  beneficial  owner  of Six  Million
(6,000,000)  shares of common  stock of the  Company,  no par value (the "SELLER
SHARES"),  which  constitute  One  Hundred  Percent  (100%)  of the  issued  and
outstanding  shares of capital  stock of the Company,  consisting of Six Million
(6,000,000) shares of common stock (the "SHARES");

     WHEREAS,  the  respective  Boards of Directors of Purchaser and the Company
have  determined  that  it is  advisable  and in the  best  interests  of  their
respective   companies  and  their   shareholders  to  consummate  the  business
combination  transaction  provided for herein in which the Company will, subject
to the terms and conditions set forth herein, merge with and into Purchaser (the
"MERGER"); and

     WHEREAS,  Purchaser,  the  Company  and the Seller  desire to make  certain
representations, warranties and covenants in connection with the Merger;

     WHEREAS,  the parties hereto intend for the Merger to qualify,  for federal
income tax purposes, as a reorganization within the meaning of Section 368(a) of
the Internal Revenue Code of 1986, as amended (the "Code"); and.

     WHEREAS,  Sellers and Purchaser  desire to set forth herein their agreement
relative to the matters set forth above in these Recitals.

     NOW,  THEREFORE,  for  and in  consideration  of the  mutual  promises  and
agreements  contained  herein,  and other good and valuable  consideration,  the
receipt and  sufficiency  of which are hereby  acknowledged,  the parties hereto
agree as follows:

     1.  Recitals.  The  recitals  contained  herein  are  specifically  remade,
restated and fully incorporated into the terms and conditions of this Agreement.

     2. The Merger.  Subject to the terms and conditions of this  Agreement,  in
accordance with the Delaware  General  Corporation Law ("DGCL") and the Illinois
Business Corporation Act of 1983 ("IBCA"), at the Effective Time (as hereinafter
defined),  the Company  shall  merge with and into  Purchaser.  Purchaser  shall
become the surviving  corporation  (hereinafter  sometimes called the "SURVIVING
CORPORATION")  in the Merger,  and shall continue its corporate  existence under
the laws of the State of Delaware.  The name of the Surviving  Corporation shall
be "Terra Firma Technologies,  Inc.", a Delaware corporation.  Upon consummation
of the Merger, the separate corporate existence of the Company shall terminate.

     3. Plan of Merger.  This Agreement shall  constitute an agreement of merger
for purposes of the DGCL and the IBCA.

     4. Effective Time. As promptly as  practicable,  but in no event later than
the third (3rd) business day after all of the conditions set forth in Section 14
shall have been  satisfied or, if  permissible,  waived by the party entitled to
the benefit of the same,  the Company and Purchaser  shall duly execute and file
certificates/articles  of merger  (collectively,  the  "CERTIFICATES OF MERGER")
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with the Secretary of State of the State of Delaware (the "DELAWARE  SECRETARY")
in  accordance  with the DGCL and with the  Secretary  of State of the  State of
Illinois (the  "ILLINOIS  SECRETARY")  in accordance  with the IBCA.  The Merger
shall become effective on the date (the "CLOSING DATE") and at the later of such
time (the  "EFFECTIVE  TIME") as the  Certificates  of Merger are filed with the
Delaware  Secretary and the Illinois Secretary or at such later date and time as
is specified in such  Certificates of Merger,  but in no event shall the Closing
Date be later than July 20, 2007,  unless agreed to by mutual written consent of
the  undersigned.  Subject to the terms and  conditions of this  Agreement,  the
closing of the Merger (the "CLOSING") shall be held at the offices of Hennessy &
Roach,  P.C., 140 South Dearborn Street, 7th Floor,  Chicago,  Illinois 60603 or
such other location as the parties may mutually agree upon.

     5. Effect of the Merger.  At the Effective  Time,  the effect of the Merger
shall be as  provided  herein  and as set forth in  Section  259 of the DGCL and
Section 11.50 of the IBCA. Without limiting the generality of the foregoing, and
subject  thereto,  at  the  Effective  Time,  (a)  all  the  property,   rights,
privileges,  powers and  franchises  of the Company  shall vest in the Surviving
Corporation,  and  (b)  all  debts,  liabilities,   obligations,   restrictions,
disabilities  and duties of  Purchaser  and the Company  shall become the debts,
liabilities, obligations, restrictions, disabilities and duties of the Surviving
Corporation.

     6. Conversion of Company Common Stock.

          (a) At the Effective  Time, the Seller Shares shall, by virtue of this
     Agreement  and  without  any action on the part of the holder  thereof,  be
     converted  into the right to  receive  and be  exchangeable  for  2,500,000
     shares  of  Purchaser's  common  stock,   $0.001  par  value  in  the  same
     proportions   that  each  Seller  owns  the  Seller   Shares  (the  "Merger
     Consideration").  Each  Seller  Share  converted  into the right to receive
     Merger  Consideration  pursuant  to this  Section  6  shall  no  longer  be
     outstanding and shall automatically be canceled and retired and shall cease
     to exist, and each certificate (each a "Certificate," and collectively, the
     "Certificates")  previously  representing  any  such  Seller  Shares  shall
     thereafter represent the right to receive Merger Consideration.

          (b) If, between the date of this Agreement and the Effective Time, the
     outstanding shares of Purchaser shall be changed into a different number of
     shares by reason of any  reclassification,  recapitalization or exchange of
     shares or if a stock split,  combination,  stock dividend,  stock rights or
     dividend  thereon  shall be declared with a record date within said period,
     the  number of  Purchaser  shares  included  in the  Merger  Consideration,
     rounded to the nearest whole number.

     7. Certificate of Incorporation.  Unless otherwise agreed to by the parties
prior to the Effective Time, at and after the Effective Time, the Certificate of
Incorporation  of Purchaser  shall be the  Certificate of  Incorporation  of the
Surviving  Corporation,  until  thereafter  amended as  provided by law and such
Certificate of Incorporation.

     8. Bylaws. Unless otherwise agreed to by the parties prior to the Effective
Time,  at and after the  Effective  Time,  the Bylaws of Purchaser  shall be the
Bylaws of the Surviving  Corporation,  until  thereafter  amended as provided by
law, the  Certificate of  Incorporation  of the Surviving  Corporation  and such
Bylaws.

     9.  Additional  Actions.  If, at any time  after the  Effective  Time,  the
Surviving  Corporation shall consider or be advised that any further assignments
or  assurances  in law or any other acts are necessary or desirable (a) to vest,
perfect or confirm, of record or otherwise, in the Surviving Corporation,  title
to and  possession  of any  property or right of the  Company  acquired or to be
acquired by reason of, or as a result of, the Merger,  or (b) otherwise to carry
out the  purposes of this  Agreement,  the Company and its proper  officers  and

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directors  shall be deemed  to have  granted  to the  Surviving  Corporation  an
irrevocable  power of attorney  to execute  and  deliver all such proper  deeds,
assignments  and  assurances  in law and to do all acts  necessary  or proper to
vest,  perfect or confirm title to and  possession of such property or rights in
the  Surviving  Corporation  and  otherwise  to carry out the  purposes  of this
Agreement;  and the proper  officers and directors of the Surviving  Corporation
are fully authorized in the name of the Company or otherwise to take any and all
such action.

     10. Accounting and Tax Treatment. The parties to this Agreement intend that
the Merger  shall be treated as a  reorganization  under  Section  368(a) of the
Code.

     11. Exchange of Shares.

          (a) At the  Effective  Time,  upon  surrender of all the  Certificates
     representing  all  issued  and  outstanding  Seller  Shares  to  Purchaser,
     Purchaser  shall  deliver to each Seller such  Seller's pro rata portion of
     the Merger Consideration.

          (b) After the date of this  Agreement,  there shall be no transfers on
     the stock  transfer  books of the Company of the Seller  Shares  which were
     issued and outstanding immediately prior to the date hereof.

     12. Closing Deliveries.

          (a) At Closing, Sellers shall deliver to Purchaser:

          (i) a  Certificate  of Good  Standing  for the  Company  issued by the
     Illinois Secretary of State not more than 30 days prior to Closing;

          (ii) a certified copy of resolutions  adopted by the  shareholders and
     board of directors of the Company authorizing the execution and delivery of
     this Agreement and the transactions contemplated hereby;

          (iii)assignment  of any  agreements  of the  Company  relating  to the
     business of the Company and any consents required for such assignments;

          (iv) certificates  representing the Seller Shares, which shall be duly
     endorsed in blank,  or  accompanies by stock powers duly endorsed in blank,
     in proper form for transfer;

          (v) a  shareholder  agreement  between  the  Company  and  all  of its
     shareholders executed by each Seller in the form attached hereto as Exhibit
     A;

          (vi) all schedules referred to in this Agreement; and

          (vii)such other documents as may be reasonably  necessary to carry out
     the transactions contemplated by this Agreement.

          (b) At Closing, Purchaser shall deliver to Sellers:

          (i) the Merger Consideration;

          (ii) a  Certificate  of Good  Standing  for  Purchaser  issued  by the
     Delaware and Illinois  Secretaries  of State not more than 30 days prior to
     Closing;

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          (iii) a certified copy of resolutions  adopted by the shareholders and
     board of directors of Purchaser  authorizing  the execution and delivery of
     this Agreement and the transactions contemplated herein;

          (iv) a share repurchase  agreement in substantially  the form attached
     hereto as EXHIBIT B wherein after Purchaser obtains necessary  financing it
     will at the  election of the Sellers  repurchase  from Sellers Five Hundred
     Thousand (500,000) shares of Purchaser common stock,  $0.001 par value, for
     cash at One  Dollar  ($1.00)  per  share;  and within  twelve  (12)  months
     thereafter  Purchaser will at the election of the Sellers  repurchase  from
     Sellers Seven Hundred Fifty Thousand  (750,000)  shares of Purchaser common
     stock, $0.001 par value, for cash at One Dollar ($1.00) per share;

          (v) an employment  agreement in substantially the form attached hereto
     as EXHIBIT C for continued employment with the Purchaser for each member of
     the  Company's  management  team so  designated by the Company prior to the
     Closing; and

          (vi) such other documents as may be reasonably  necessary to carry out
     the transactions contemplated by this Agreement.

     13. Representations and Warranties.

     (a) The Company  and Sellers  hereby  represent  and warrant to  Purchaser,
respectively, as follows:

          (i) Organization. The Company is a corporation duly formed and validly
     existing  under  the laws of the  State of  Illinois  and has the power and
     authority  to carry on its  business  as now  conducted,  to  execute  this
     Agreement  and the  instruments  referred to in this  Agreement  that it is
     executing and delivering,  and to carry out the  transactions  contemplated
     hereby and thereby.

          (ii) Enforceability. The execution and delivery by the Company of this
     Agreement and the instruments  referred to in this Agreement have been duly
     authorized  by the board of  directors  and Sellers and  constitute  legal,
     valid, binding and enforceable agreements and instruments of the Company.

          (iii) No Violation.  Neither the execution,  delivery, nor performance
     of this Agreement or any instrument  executed and delivered by or on behalf
     of  the  Company  in  connection  herewith,  nor  the  consummation  of the
     transactions herein or therein contemplated,  nor compliance with the terms
     and provisions hereof or thereof, contravenes the Articles of Incorporation
     or  By-Laws  of the  Company  or any  provisions  of  law,  statute,  rule,
     regulation or judgment,  decree,  franchise,  order or permit applicable to
     the Company,  or conflicts  or is  inconsistent  with or will result in any
     breach of or to the  Company's  Knowledge  constitute  a default  under any
     contract, commitment, agreement, understanding,  arrangement or instrument,
     or result in the creation of or imposition of (or the  obligation to create
     or impose) any lien,  encumbrance  or  liability  on any of the property or
     assets  of  the  Company.  "Company's  Knowledge"  shall  mean  the  actual
     knowledge of the Sellers after reasonable investigation.

          (iv) Compliance with Laws. To the Company's Knowledge,  the Company is
     in  compliance  with all  applicable  laws,  statutes,  ordinances,  rules,
     regulations and orders of governmental authorities, and the Company has not
     received  notice   asserting  any  violation   thereof  or   non-compliance

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     therewith.  To the Company's Knowledge,  the Company holds all the permits,
     licenses, certificates, registrations, approvals or authorizations by or of
     governmental  authorities  or third  parties  necessary  or  desirable  for
     operation  of the  Company's  business,  all of which are in full force and
     effect.

          (v) Litigation.  There is no claim, demand, suit, action,  arbitration
     or other administrative  proceeding or investigation  pending or threatened
     against the Company, or to which the Company is otherwise a party, or which
     may cause a material  adverse  effect for the Company,  before any court or
     any governmental department,  commission, board, agency or instrumentality;
     nor to the  Company's  Knowledge  is there any  basis  for any such  claim,
     demand,  suit,  action,  proceeding or investigation.  For purposes of this
     sub-section,  "material adverse effect" shall mean any liability,  cost, or
     potential financial exposure of at least $10,000, or any effect,  which may
     have a tendency to  substantially  disrupt or affect the  ongoing  business
     operations of the Company or the Purchaser.

          (vi)  Disclosure.  To Company's  Knowledge,  the  representations  and
     warranties of the Company made in or pursuant to this Agreement do not omit
     any material fact necessary in order to make the statements made herein, in
     light of the  circumstances  under which they are made, not misleading.  To
     the Company's Knowledge,  none of the information contained herein contains
     any untrue  statement of a material fact or omits a material fact necessary
     to make the statements contained herein not misleading.

          (vii)  The  Company.  The  authorized  capital  stock  of the  Company
     consists of Six Million  (6,000,000)  shares of common stock, of which only
     the Shares are issued and  outstanding as of the date of this Agreement and
     no shares  are held in  treasury.  The  Shares  have been duly and  validly
     authorized and issued and are fully paid and  nonassessable.  No Shares are
     subject to any preferences,  qualifications,  limitations,  restrictions or
     special or relative rights under the Company's  articles of  incorporation.
     There are no options,  warrants,  agreements,  contracts or other rights in
     existence  to  purchase  or acquire  from the Company any shares of capital
     stock of the Company, whether now or hereafter authorized or issued.

          (viii) Title to the Shares.  Sellers own,  beneficially and of record,
     the number of Shares set forth under  Sellers'  names on the signature page
     to this  Agreement,  free and clear of all all options,  pledges,  security
     interests, liens, mortgages,  charges, claims, conditional sale agreements,
     title  exceptions  or  other  encumbrances  or  restrictions  of  any  kind
     (collectively,  "Encumbrances"), and have good and marketable title to such
     Shares and full legal right, power and authority to transfer such Shares in
     the manner contemplated by this Agreement.

          (ix) No  Undisclosed  Liabilities.  To the  Company's  Knowledge,  the
     Company  has no  liabilities,  whether  accrued,  absolute,  contingent  or
     otherwise,  existing  or arising out of any  transaction  or state of facts
     existing  on or prior to the date  hereof,  except (a) as and to the extent
     arising  under   contracts,   commitments,   transaction  or  circumstances
     identified in the Exhibits and Schedules provided for herein, excluding any
     liabilities  for Company  breaches  thereunder;  and (b)  liabilities,  not
     material in the aggregate and incurred in the Ordinary  Course of Business,
     which, under GAAP, would not be required to be reflected on a balance sheet
     prepared as of the date hereof.  For purposes of the  preceding  subsection
     (b), any  liabilities  incurred in connection  with litigation or judicial,
     administrative  or  arbitration  proceedings  or claims against the Company

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     shall not be deemed to be incurred in the Ordinary  Course of Business.  An
     action  taken in the  "Ordinary  Course of  Business"  shall mean an action
     taken in the  ordinary  course of business of the Company,  as  applicable,
     consistent with custom and practice (including with respect to quantity and
     frequency) and where for such action to be taken, no separate authorization
     by the Company's board of directors, as applicable, is required.

          (x) Material Contracts. Schedule 13(a)(x) lists a complete and correct
     list of all  Material  Contracts,  which the Company  shall  deliver to the
     Purchaser  prior to the Closing.  The Company  shall make  available to the
     Purchaser all Material Contracts, and all copies of such Material Contracts
     made  available  to the  Purchaser  shall be true and  complete.  "Material
     Contracts"  include  every  contract,  commitment or  arrangement,  whether
     written or oral with a value  greater  than $5,000  (and the Company  shall
     deliver to the Purchaser  written  descriptions of the terms and conditions
     of all oral  Material  Contracts),  of a material  nature  under  which the
     Company is obligated on the date hereof, including the following:

          (A) all  consulting  arrangements,  and  contracts  for  professional,
     advisory and other  services,  including  contracts under which the Company
     performs services for others;

          (B) all leases of real estate and personal property;

          (C) all contracts,  commitments  and  agreements for the  acquisition,
     development  or  disposition  of  real  or  personal  property  other  than
     conditional sales contacts and security agreements  whereunder total future
     payments are, in each instance, less than $5,000.00;

          (D) all contracts relating to the employment, engagement, compensation
     or termination of directors, officers, employees,  consultants or agents of
     the Company,  and all pension,  retirement,  profit sharing,  stock option,
     stock  purchase,   stock  appreciation,   insurance  or  similar  plans  or
     arrangements for the benefit of any employees, officers or directors of the
     Company;

          (E) all loans, loan commitments,  promissory notes,  letters of credit
     or  other  financial   accommodations   or  arrangements  or  evidences  of
     indebtedness,  including  modifications,  waivers  or  amendments  thereof,
     extended to or for the benefit of the Company;

          (F) all loans, loan commitments,  promissory notes,  letters of credit
     or  other  financial   accommodations   or  arrangements  or  evidences  of
     indebtedness,  including  modifications,  waivers  or  amendments  thereof,
     extended to or for the benefit of any single  borrower or related  group of
     borrowers  if the  aggregate  amount of all such loans,  loan  commitments,
     promissory  notes,  letters of credit or other financial  accommodations or
     arrangements  or evidences  of  indebtedness  extended to such  borrower or
     related group of borrowers exceeds $50,000.00;

          (G) all union and other labor contracts;

          (H) any contract  involving  total  future  payments by the Company of
     more than $5,000.00 or which requires performance by the Company beyond the

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     second  anniversary  of the  Closing  Date,  that  by its  terms  does  not
     terminate or is not  terminable by the Company  without  penalty  within 30
     days after the date of this Agreement;

          (I) except for provisions of the Articles of Incorporation and By-Laws
     of the Company,  all contracts  under which the Company as any  obligation,
     direct,  indirect,  contingent  or  otherwise,  to assume or guarantee  any
     liability or to indemnify any person (other than in a fiduciary capacity);

          (J) all joint venture or marketing agreements with any other person or
     entity;

          (K) all other  Material  Contracts,  made other  than in the  Ordinary
     Course of Business of the Company, to which the Company is a party or under
     which the Company is obligated.

          (xi) No  Defaults.  The  Company  has  fulfilled  and taken all action
     reasonably necessary to date to enable it to fulfill,  when due, all of its
     material  obligations under all Material  Contracts to which it is a party.
     There are no  breaches  or  defaults  by the  Company  under  any  Material
     Contract  that  could  give  rise to a right of  termination  or claim  for
     material  damages  under  such  Material  Contract,  and to  the  Company's
     Knowledge  no  events  have  occurred  that,  with the lapse of time or the
     election  of any other  party,  will become such a breach or default by the
     Company.  To the  Company's  Knowledge,  no breach or  default by any other
     party under any Material  Contract has occurred or is threatened  that will
     or could  impair the  ability of the  Company to enforce  any of its rights
     under such Material Contract.

          (xii) Taxes.

          (A) The Company has duly and timely filed all Tax Returns  required to
     be filed or  delivered  by the  Company in  connection  with the  Company's
     business  and  operations,  to  the  Company's  Knowledge  all  information
     included in such Tax Returns is accurate in all material respects,  and all
     Taxes  required  to be shown on such Tax  Returns as payable by the Company
     with  respect  to the  income of the  Company  have been paid when due.  No
     application  for an  extension of time for filing any Tax Return or consent
     to any extension of the period of limitations  applicable to the assessment
     or collection  of any Tax is in effect with respect to the Company.  To the
     Company's  Knowledge,  the Company is not  delinquent on the payment of any
     Taxes  claimed  to be due from the  Company by any  taxing  authority,  and
     adequate  reserves for Taxes (including any penalties and interest) payable
     by the  Company  have been made on the books of the Company and on the most
     recent of the Company's financial statements.  The Company has not received
     any notice (whether  written or, to the Company's  knowledge,  oral) of any
     proposed audit or proposed deficiency for any Tax due from the Company with
     respect to the business and operations of the Company,  as the case may be,
     and there are no pending audits or claims with respect thereto.

          (B) The Company is not, and within the past five years,  has not been,
     a party to any contract,  agreement or arrangement  under which the Company
     has agreed to share Tax liability of any person.

          (C) "TAXES"  shall mean any and all taxes,  charges,  fees,  levies or
     other assessments,  including net income,  gross receipts,  excise, real or

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     personal property, sales, withholding,  social security,  occupation,  use,
     service, service use, value added, license, net worth, payroll,  franchise,
     transfer,   recording,   gross  income,   alternative  or  add-on  minimum,
     environmental, goods and services, capital stock, profits, single business,
     employment, severance, stamp, unemployment,  customs and duties taxes, fees
     and charges,  imposed by any taxing authority  (whether domestic or foreign
     including  any state,  local or foreign  government or any  subdivision  or
     taxing  agency  thereof),  whether  computed on a  separate,  consolidated,
     unitary,  combined  or any other  basis;  and such term shall  include  any
     interest, penalties or additional amounts attributable to, or imposed upon,
     or with  respect  to,  any  such  taxes,  charges,  fees,  levies  or other
     assessments.   "Tax  Return"  shall  mean  any  report,  return,  document,
     declaration or other  information or filing  required to be supplied to any
     taxing  authority or  jurisdiction  (foreign or  domestic)  with respect to
     Taxes.

          (xiii) Environmental Conditions. To the Company's Knowledge, there are
     no present or past  Environmental  Conditions  in any way  relating  to the
     business  of the  Company  as  conducted  on its  Premises.  "Environmental
     Conditions"   means  the  introduction   into  the  soil,   groundwater  or
     environment  of the Premises  (through  leak,  spill,  release,  discharge,
     escape,  emission,  dumping,  disposal  or  otherwise)  of  any  pollution,
     including  without  limitation  any  contaminant,  irritant or pollutant or
     hazardous  substance  (whether or not upon the  Premises and whether or not
     such  pollution  constituted  at  the  time  thereof  a  violation  of  any
     environmental  law) as a result of which  Company  or,  after the  Closing,
     Purchaser  has or may become  liable to any person or  federal,  state,  or
     local  government  or agency  or by  reason  of which any of the  Company's
     assets may suffer or be subjected to any lien. .

          (xiv) Technology and Intellectual Property.

          (A) Schedule  13(a)(xiv) sets forth a complete and correct list of all
     (i)  registered  trademarks,  service marks,  copyrights and patents;  (ii)
     applications  for  registration  or  grant of any of the  foregoing;  (iii)
     unregistered  trademarks,  service  marks,  trade names,  logos and assumed
     names; and (iv) licenses for any of the foregoing,  in each cased, owned by
     the Company or used in or  necessary to conduct the  Company's  business as
     presently conducted.  The items on Schedule  13(a)(xiv),  together will all
     other  trademarks,  service  marks,  trade  names,  logos,  assumed  names,
     patents,  copyrights, trade secrets, computer software, licenses, formulae,
     customer  lists  or  other  databases,  business  application  designs  and
     inventions  currently  used in or  necessary to conduct the business of the
     Company as presently conducted constitute the "Intellectual Property".

          (B)  Except at set  forth on  Schedule  13(a)(xiv),  the  Company  has
     ownership of, or such other rights by license,  lease or other agreement in
     and to, the Intellectual  Property as is necessary to permit the Company to
     use the  Intellectual  Property in the conduct of its business as presently
     conducted.  The Company has not received notice (whether written or, to the
     Company's  Knowledge,  oral)  alleging  that the Company has  infringed  or
     violated any trademark,  trade name, copyright,  patent, trade secret right
     or other proprietary right of others,  and to the Company's  Knowledge,  it
     has not committed  any such  violation or  infringement.  Other than as set
     forth on  Schedule  13(a)(xiv),  to the  Company's  Knowledge,  there is no
     reason to believe that, upon consummation of the transactions  contemplated
     hereby, the Company will be in any way more restricted in its use of any of
     the Intellectual Property than it was on the date hereof under any contract
     to which the  Company  is a party or by which it is  bound,  or that use of
     such  Intellectual  Property  by the  Company  will,  as a  result  of such

                                       8
<PAGE>
     consummation,  violate or infringe the rights of any person, or subject the
     Purchaser or the Company to liability of any kind, under any such contract.

          (C) The IT Assets  operate  and  perform in all  material  respects in
     accordance  with their  documentation  and  functional  specifications  and
     otherwise as required by the Company in connection  with its business,  and
     except  as  set  forth  in   Schedule   13(a)(xiv)   have  not   materially
     malfunctioned  or failed within the past three (3) years. "IT Assets" means
     the computers, computer software, firmware, servers, workstations, routers,
     hubs,  switches,  data  communications  lines  and  all  other  information
     technology equipment, and all associated documentation,  owned or leased by
     the Company. To the Company's  Knowledge,  the IT Assets do not contain any
     worms, viruses, bugs, faults or other devices or effects that (i) enable or
     assist any person or entity to access without  authorization the IT Assets;
     or (ii) otherwise  significantly  adversely affect the functionality of the
     IT Assets,  except as  disclosed  in its  documentation.  To the  Company's
     Knowledge,  no person or entity  has gained  unauthorized  access to the IT
     Assets.  The  Company  has  implemented  reasonable  back-up  and  disaster
     recovery technology  consistent with industry  practices.  To the Company's
     Knowledge,  none of the IT Assets contains any shareware, open source code,
     or other software, the use of which requires disclosure or licensing of any
     intellectual property.

          (xv)  Change  in  Business  Relationships.  As of  the  date  of  this
     Agreement,  the Company has not received notice (whether written or, to the
     Company's  Knowledge,   oral),  whether  on  account  of  the  transactions
     contemplated by this Agreement or otherwise, (i) that any customer,  agent,
     representative, supplier, vendor or business referral source of the Company
     intends  to  discontinue,  diminish  or change  its  relationship  with the
     Company,  the effect of which would be  material to the Company  taken as a
     whole;  or (ii) that any officer of the  Company  intends to  terminate  or
     substantially alter the terms of his or her employment.  There have been no
     complaints  or  disputes  (in each  case set  forth  in  writing)  with any
     customer,  employee,  agent,  representative,  supplier  or  vendor  of the
     Company  that  have not been  resolved  which are  reasonably  likely to be
     material to the Company taken as a whole.

          (xvi)Financial  Condition.  The  Company  is solvent  and the  Company
     reasonably expects that it will operate with actual net cash flow as of the
     end of fiscal year 2007 of not less than $24,000 and actual  gross  revenue
     as of the end of fiscal year 2007 of not less than $573,000.

          (xvii)  Accredited  Investors.  The Sellers are  accredited  investors
     pursuant to the rules promulgated by the Securities and Exchange Commission
     (the  "SEC")  pursuant  to the  Securities  Act of 1933,  as  amended  (the
     "Securities Act").

          (xviii) Real Property. The Company does not own any real property. The
     Company shall deliver to Purchaser a true, correct and complete copy of the
     leases  for  the  premises  leased  by the  Company  and to be  assumed  by
     Purchaser as identified on Schedule 13(a)(xviii) of the Disclosure Schedule
     (the  "Leases").  All rent amounts due under the Leases have been paid and,
     to  Company's  Knowledge,  there  exists no default  under the terms of the
     Leases.  Company has all right,  title and interest of the lessee under the
     terms of the Leases, free of all liens, except for Permitted  Encumbrances.
     As  used  in  this  Agreement,  "Permitted  Encumbrances"  shall  mean  (i)
     Encumbrances arising under conditional sales contracts and equipment leases
     with third parties under which the Company is not delinquent or in default;

                                       9
<PAGE>
     (ii) carriers',  workers', repairers',  materialmen's,  warehousemen liens'
     and similar Encumbrances incurred in the ordinary course of business; (iii)
     Encumbrances for taxes not yet due and payable, or that are being contested
     in good faith and for which proper  reserves have been  established  by the
     Company;  and  (iv)  zoning  and  similar  restrictions  on the use of real
     property.  All Leases shall permit the  assignment  to or assumption by the
     Purchaser;  and, if necessary,  Company shall obtain the written consent of
     any lessor to the  assignment  to or  assumption  by the  Purchaser  of any
     Lease.  All material  certificates,  licenses and permits  required for the
     lawful use and occupancy of any real  property by the Company,  as the case
     may be, have been obtained and are in full force and effect.

          (xix) Personal Property. Section 13(a)(xix) of the Disclosure Schedule
     Attached  sets forth a complete  and  correct  description  of each item of
     tangible  personal  property owned by the Company or used by the Company in
     the conduct of its business  that is reflected as a capital  asset worth in
     excess of $1,000 by the Company on the Company's financial statements.  The
     Company owns,  or has a valid right to use or a leasehold  interest in, all
     such  personal  property,  all such property is owned free and clear of any
     Encumbrances  except for Permitted  Encumbrances,  and all to the Company's
     Knowledge such property is in good working condition,  normal wear and tear
     excepted.

          (b) Purchaser hereby represents and warrants to Sellers as follows:

          (i)  Organization  and Good  Standing.  Purchaser  is duly  organized,
     validly  existing  and in good  standing  under  the  laws of the  State of
     Delaware  and has the power and  authority  to carry on its business as now
     conducted,  to execute this  Agreement and the  instruments  referred to in
     this  Agreement that it is executing and  delivering,  and to carry out the
     transactions contemplated hereby and thereby.

          (ii) Authorization. Purchaser has the requisite power and authority to
     make,  execute  and  deliver  and to  perform  its  obligations  under this
     Agreement.  This Agreement has been duly authorized by all requisite action
     on the  part  of  Purchaser.  This  Agreement  is  the  valid  and  binding
     obligation of Purchaser,  enforceable  against Purchaser in accordance with
     its terms.

          (iii) No Violation.  Neither the execution,  delivery, nor performance
     of this Agreement or any instrument  executed and delivered by or on behalf
     of  Purchaser  in  connection   herewith,   not  the  consummation  of  the
     transactions herein or therein contemplated,  nor compliance with the terms
     and  provisions  hereof or  thereof,  contravenes  the  provisions  of law,
     statute, rule, regulations or judgment,  decree, franchise, order or permit
     applicable  to  Purchaser,  or  conflicts or is  inconsistent  with or will
     result  in any  breach of or  constitute  a  default  under  any  contract,
     commitment, agreement, understanding,  arrangement or instrument, or result
     in the  creation  of or  imposition  of (or the  obligations  to  create or
     impose) any lien, encumbrance or liability on any of the property or assets
     of Purchaser.

          (iv) Employment.  Each individual currently employed by the Company as
     an officer or manager will be offered  continued  employment with Purchaser
     in a role substantially similar to that in which he or she currently serves
     with the Company, with responsibilities  involving the continued management
     and  operation  of  the  Company's  products  and  services,  and  at  each
     individual  employee's  current  annualized  salary  as of the date of this
     Agreement.  Such  employment  offers shall be made in the form of a written

                                       10
<PAGE>
     employment  agreement given by the Purchaser.  Upon  successful  closing of
     this  transaction,  each affected employee shall be eligible for a one-time
     bonus of preferred  stock in Purchaser,  with amounts of such bonuses to be
     determined at the discretion of the Purchaser.

          (v) Securities Laws. Based in part on the representations  made by the
     Sellers in this Agreement,  the issuance of the Purchaser's  stock pursuant
     to the  Merger is exempt  from the  registration  and  prospectus  delivery
     requirements of the Securities Act.

          (vi) Disclosure.  To Purchaser's  Knowledge,  the  representations and
     warranties  of the Purchaser  made in or pursuant to this  Agreement do not
     omit any  material  fact  necessary  in order to make the  statements  made
     herein,  in light of the  circumstances  under  which  they are  made,  not
     misleading. To the Purchaser's Knowledge, none of the information contained
     herein contains any untrue statement of a material fact or omits a material
     fact  necessary to make the  statements  contained  herein not  misleading.
     "Purchaser's  Knowledge"  shall mean the actual knowledge of Brian Kawamura
     after reasonable investigation.

          (c) All  representations  and warranties  made by either party to this
     Agreement shall survive for a period of 18 months following the Closing.

14. Agreement and Covenants.

     (a) Conduct of Business.  During the period  commencing  on the date hereof
and  continuing  until the Closing Date, the Company shall conduct the Company's
business in the Ordinary  Course of Business  consistent  with prudent  business
practice,  as  applicable.  Without  limiting the  foregoing,  without the prior
written  consent  of the  Purchaser,  which  consent  shall not be  unreasonably
withheld, the Company agrees and covenants that:

          (i) no  change  shall  be made in the  articles  of  incorporation  or
     By-Laws of the Company;

          (ii) no change shall be made in the  capitalization  of the Company or
     in the number of issued and outstanding Shares;

          (iii) no dividends or other distributions shall be declared or paid by
     the Company;

          (iv) the  Company  shall use its  commercially  reasonable  efforts to
     maintain  its  present  insurance  coverage  in respect to its  properties,
     assets, and its business;

          (v) no material  changes  shall be made in the  general  nature of the
     business conducted by the Company;

          (vi) no employment,  consulting or similar agreements shall be entered
     into by the Company that are not  terminable  by the Company on 30 days' or
     fewer notice without penalty or obligation;

          (vii) the Company  shall file all Tax  Returns in a timely  manner and
     shall make any  application  for or consent  to any  extension  of time for
     filing  any Tax  Return  or any  extension  of the  period  of  limitations
     applicable thereto;

                                       11
<PAGE>
          (viii) the Company shall not do or fail to do anything that will cause
     a breach by the Company of, or default by the Company  under,  any Material
     Contract; and

          (ix) no  changes  of a  material  nature  shall  be made in any of the
     Company's  accounting  procedures,  methods,  policies or  practices or the
     manner in which the Company maintain its records.

          (b) No  Conduct  Inconsistent  with this  Agreement.  Sellers  and the
     Company shall not, directly or indirectly, solicit, encourage or facilitate
     inquiries  or  proposals  or enter into any  agreement  with respect to, or
     initiate or participate in any  negotiations or discussions with or furnish
     any  information to any person or entity  concerning (i) any disposition or
     sale of the  Shares of all or a  substantial  portion  of the assets of the
     Company;  or (ii) any merger or other  business  combination  involving the
     Company,  other than as  contemplated  by this  Agreement.  Sellers and the
     Company shall immediately notify the Purchaser orally and in writing if any
     such proposal  (including the materials  terms and  conditions  thereof) is
     received by, or any person or entity seeks to obtain such information or to
     initiate  such  discussions  with the Company or any Seller,  which  notice
     shall  include the identity of the person or entity making such proposal or
     inquiry.

          (c) Untrue  Representations  and  Warranties.  During the term of this
     Agreement, if any party becomes aware of any facts, circumstances or of the
     occurrence  or  impending  occurrence  of any event that would cause one or
     more of such  party's  representations  and  warranties  contained  in this
     Agreement to be or to become untrue as of the Closing Date, then:

          (i) such party shall promptly give detailed  written notice thereof to
     the other parties; and

          (ii) such party shall use  reasonable  and diligent  efforts to change
     such  facts or events to make such  representations  and  warranties  true,
     unless the same shall have been waived in writing by the other parties.

          (d) Non-Competition; Non-Solicitation of Employees.

          (i) For a period of three (3) years  beginning  on the  Closing  Date,
     except with the prior written consent of the Purchaser,  each Seller agrees
     not to,  directly or indirectly,  either alone or in  conjunction  with any
     other person, firm, association, company or corporation:

          (A) engage in the  business  of design  and  development  of  document
     archival  products,  systems and services  that convert  paper,  emails and
     electronic  files into  permanent,  non-modifiable  archived  records  (the
     "Business")  and the  solicitation  of  customers  for such  services as an
     owner, principal,  agent, employee or in any other capacity at any business
     which conducts such Business within the  greater-Chicago  metropolitan area
     (which for  purposes  of  Sections  14(d)(i)(A)  and  14(d)(i)(D)  includes
     McHenry, Cook, Lake and DuPage counties and northwest Indiana),  other than
     in  the  performance  of  his  employment  responsibilities  on  behalf  of
     Purchaser;

          (B) solicit or conduct business which involves  customer  relationship
     management with any person, corporation or other entity which is a customer
     of the Company, the Purchaser or a potential customer with whom the Company
     or the Purchaser  has an  outstanding  oral or written  proposal to provide

                                       12
<PAGE>
     customer relationship management services, other than in the performance of
     his employment responsibilities on behalf of Purchaser;

          (C)  request,  advise or  directly  or  indirectly  invite  any of the
     existing  customers,  suppliers or service  providers  of the Company,  the
     Purchaser or any other  affiliate of the Purchaser to withdraw,  curtail or
     cancel its business with the Company, the Purchaser, or any other affiliate
     of the Purchaser other than through mass mailings or general advertisements
     not specifically  directed at customers of the Company,  the Purchaser,  or
     affiliates of the Purchaser; or

          (D) hire,  solicit,  induce  or  attempt  to  solicit  or  induce  any
     employee,  consultant  or  agent of the  Company  or the  Purchaser  to (1)
     terminate  his or her  employment  or  association  with the Company or the
     Purchaser;  (2) become employed by or serve in any employment,  management,
     director,  consulting or advisory capacity with a company whose business is
     in direct competition with the Business of the Company or the Purchaser; or
     (3) in any way  participate  in starting a new company whose business is in
     direct competition with the Business of Company or the Purchaser, and which
     is located in the greater-Chicago  metropolitan area, as defined in Section
     14(d)(i)(A).

          (ii) Notwithstanding the foregoing, each Seller shall not be prevented
     by this Section  14(d)(ii)  from (i) investing or owning shares of stock of
     any  corporation  engaged in any  business  provided  that such  shares are
     regularly traded on a national securities exchange or any  over-the-counter
     market; or (ii) retaining any shares of stock in any corporation which such
     Seller owned prior to the Closing Date.

          (iii) Each Seller has  reviewed the  provision  of this Section  14(d)
     with legal counsel and acknowledges that the Purchaser would be irreparably
     inured by a violation of this Section  14(d),  that the  provisions of this
     Section 9(e) are reasonable and that the Purchaser  could not be adequately
     compensated in damages for any such violation,  in light of the sensitivity
     of the non-public  Company's  Knowledge that Sellers  possess.  Each Seller
     agrees that the Purchaser,  in addition to any other remedies  available to
     it for any breach or  threatened  breach of this  Section  14(d),  shall be
     entitled to seek a preliminary  injunction,  temporary restraining order or
     other  equivalent  relief  restraining  any Seller  from any such breach or
     threatened breach.

     (e) Releases.  Effective as of the Closing, each Seller, hereby and without
any  further  action,  releases  and  forever  discharges  the  Company  and the
Purchaser and their respective officers,  directors,  employees and agents, from
any and all liabilities, claims, obligations,  actions, causes of actions, suits
at law or in equity of  whatever  kind or nature,  debts,  dues,  sums or money,
accounts, bonds, bills, covenants,  contracts, promises, variances,  trespasses,
judgments, verdicts, extents, encumbrances,  payments, damages, costs, attorneys
fees, expenses, and demands of any kind or nature, which such Seller may have or
may have had, known or unknown,  from the beginning of the world, based in whole
or in part upon events occurring prior to the Closing Date and/or  circumstances
existing as of the Closing Date,  against the Company or the Purchaser and their
respective officers,  directors,  employees and agents, provided,  however, that
the  foregoing  shall not be deemed to waive,  discharge  or release  any of the
following  claims,  benefits or rights of any Seller  existing as of the Closing
Date:  (i)  claims  arising  out  of  the  Purchaser's  obligations  under  this
Agreement;  (ii)  claims for  salary  accrued  and  unpaid;  (iii)  unreimbursed
business  expenses  and  director's  fees  incurred  in the  Ordinary  Course of
Business; (iv) any right of a Seller in such Seller's capacity,  either directly
or  indirectly,  as a  lender  to the  Company;  (v)  claims  arising  from  the
obligations of a Seller as a guarantor of the Company's or  Purchaser's  debt or

                                       13
<PAGE>
any other obligations;  or (vi) claims arising from the Company's or Purchaser's
Tax obligations.

     15. Securities Laws. Sellers  acknowledge that the shares of Purchaser they
shall  receive  as  Merger  Consideration  have not been  registered  under  the
Securities Act will be issued to the Sellers in a private placement  transaction
effected in reliance on an exemption from the  registration  requirements of the
Securities Act and in reliance on exemptions from the qualification requirements
of applicable state securities laws.  Sellers understand that none of the shares
they  receive  as  Merger  Consideration  may be sold or  otherwise  transferred
without either (a) registration under the Securities Act and registration and/or
qualification  under  applicable  state  securities  laws  or (b)  an  exemption
therefrom.

     16. Indemnification.

     (a)  Indemnification  of Purchaser.  Subject to the  limitations of Section
13(c) above,  Sellers shall jointly and severally hold Purchaser,  and, from and
after the Closing, Purchaser and its affiliates,  directors, officers, partners,
successors,  assigns, and agents (collectively "Purchaser Indemnified Persons"),
harmless  and  indemnify  each of them from and against,  and Sellers  waive any
claim for contribution or indemnity against Purchaser  Indemnified  Persons with
respect  to  any  claims,  actions,   administrative   proceedings,   judgments,
compensatory damages,  punitive damages,  penalties,  fines, costs, liabilities,
sums paid in settlement or compromise of claims, interest or losses,  reasonable
attorneys' fees, expert witness fees and expenses, together with all other costs
and  expenses  of any kind or  nature,  including  any such  fees and  expenses,
relating to a claim for Indemnification ("Indemnified Losses") incurred or to be
incurred by any of them, to the extent resulting from or arising from the breach
of any agreement,  covenant,  representation,  warranty,  or other obligation of
Seller made or incurred under or pursuant to this Agreement;  provided, however,
(i) that the  Indemnified  Losses  by  reason of all such  breaches  or  alleged
breaches  by Sellers  must  amount in the  aggregate  to at least  $25,000  (the
"Basket"),  in which event the  Sellers  shall be  obligated  to  indemnify  the
Purchaser  for all  Indemnified  Losses  other than the Basket and (ii) when all
aggregate Indemnified Losses Purchaser has suffered by reason of all breaches or
alleged  breaches  exceed the amount of the Merger  Consideration,  Sellers will
have  no  obligation  to  indemnify  Purchaser  from  and  against  any  further
Indemnified Losses.

     (b) Indemnification of Sellers. Subject to the limitations of Section 13(c)
above,  Purchaser  shall hold  Sellers,  their  successors,  assigns  and agents
(collectively  "Seller Indemnified Persons") harmless and indemnify each of them
from and against,  and Purchaser  waives any claim for contribution or indemnity
against the Seller  Indemnified  Persons with respect to any and all Indemnified
Losses  incurred or to be incurred by any of them in excess of the Basket and up
to the  amount of the Merger  Consideration,  to the  extent  resulting  from or
arising out of the breach of any agreement, covenant, representation,  warranty,
or  other  obligation  of  Purchaser  made or  incurred  under  this  Agreement;
provided,  however,  (i) that  the  Indemnified  Losses  by  reason  of all such
breaches or alleged  breaches by Purchaser  must amount in the  aggregate to the
Basket, in which event the Purchaser shall be obligated to indemnify the Sellers
for all  Indemnified  Losses  other than the Basket and (ii) when all  aggregate
Indemnified  Losses  Sellers have  suffered by reason of all breaches or alleged
breaches exceed the amount of the Merger  Consideration,  Purchaser will have no
obligation to indemnify Sellers from and against any further Indemnified Losses.

     (c)  Notice  of  Claim.  In the event  that a party  seeks  indemnification
hereunder such party (the "INDEMNIFIED  Party") shall give written notice to the
indemnifying Party (the "Indemnifying  Party") specifying the facts constituting

                                       14
<PAGE>
the basis for such  claim and the  amount,  to the  extent  known,  of the claim
asserted.  Subject to the terms  hereof,  the  Indemnifying  Party shall pay the
amount of any valid claim not more than  thirty days (30) after the  Indemnified
Party provides notice to the Indemnifying Party of such amount.

     17. Notices.  All notices,  requests,  demands and other  communications in
connection  with this Agreement  shall be made in writing and shall be deemed to
have been given (i) when had  delivered;  (ii) on the first day after proper and
timely  deposit,  freight  prepaid,  with  a  nationally  recognized  commercial
next-day  delivery service to the recipient;  (iii) three (3) days after deposit
in the United  States  mail,  postage  prepaid  and  certified,  return  receipt
requested; or (iv) when sent by facsimile,  provided confirmatory notice is sent
on the same day as such  facsimile  transmission  by first class  mail,  postage
prepaid,  in each case addressed to the party entitled thereto at the address or
facsimile  number set forth  below,  unless  such  address is modified by notice
under this section:

     If to Seller:     GlobalTech AC, Inc.
                       c/o Brian K. Bagan
                       900 East Diehl Road,
                       Naperville, Illinois 60563

     With a copy to:   Kenneth W. Clingen
                       Clingen, Callow & McLean, LLC
                       2100 Manchester Road
                       Suite 1750
                       Wheaton, IL 60187
                       (630) 871-2600
                       (630) 871-9869 Fax

     If to Purchaser:  Terra Firma Technologies, Inc.
                       c/o Brian Kawamura
                       175 West Jackson
                       Suite 1650
                       Chicago, Illinois 60604
                       (312) 939-8039
                       (312) 939-1022 Fax

     With a copy to:   Hennessy & Roach, P.C.
                       c/o William J. Hawkins
                       140 South Dearborn Street
                       7th Floor
                       Chicago, Illinois 60603
                       (312) 346-6019
                       (312) 346-5330 Fax

     18. Entire Agreement;  Amendment.  This Agreement and the attached Exhibits
and  Schedules  constitute  the entire  understanding  of the parties and may be
amended only by a writing executed by the parties.

     19. Assignment;  Binding Effect. No party may assign its rights or delegate
its obligations  hereunder  without the consent of the other party,  except that
Purchaser may assign its rights hereunder to any affiliated  entity.  Subject to
the foregoing,  this Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors and assigns.

                                       15
<PAGE>
     20. No Third-Party  Beneficiaries.  Nothing in this Agreement  shall confer
any third-party  beneficiary  rights or other benefits upon any person or entity
that is not a party hereto, and no such third parties may rely on this Agreement
to enforce any obligations against any party hereto.

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

     22.  Governing  Law.  This  Agreement  shall be  construed  and enforced in
accordance with the laws of the State of Illinois.

     23. Construction. The Section headings herein are solely for convenience of
reference and shall not in any way affect the  interpretation of this Agreement.
When used herein,  the  masculine  shall include the feminine and the neuter and
the singular shall include the plural and vice versa.

     24. Incorporation.  The recitals set forth above and the Schedules attached
hereto are  incorporated  herein by this  reference and by such  reference mad a
part hereof.

     25.  Termination.  If this Agreement is terminated  prior to the closing of
the transaction contemplated herein without Purchaser's fault, the Deposit shall
be returned to Purchaser, but if the termination is caused by Purchaser's fault,
then upon notice to  Purchaser,  the  Deposit  shall be  forfeited  to Seller as
liquidated damages.

     26.  Attorneys'  Fees.  The  prevailing  party  in any  action  under  this
Agreement  shall be  entitled to recover its  reasonable  attorney's  fees court
costs and expenses.

              [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

                                       16
<PAGE>
     IN WITNESS  WHEREOF,  the Company,  each  Seller,  and the  Purchaser  have
affixed  their  signatures  to this  Agreement and Plan of Merger as of the date
first written above.

GLOBALTECH AC, INC.                      TERRA FIRMA TECHNOLOGIES, INC.

By: /s/ Brian K. Bagan                   By: /s/ Brian Kawamura
   -------------------------                -------------------------
   Brian K. Bagan                            Brian Kawamura

Its: Chief Executive Officer             Its: Chief Executive Officer

SELLERS

By: /s/ Brian K. Bagan
   -------------------------
   Brian K. Bagan

No. of Shares: 2,000,000

By: /s/ Curtis A. Kenny
   -------------------------
   Curtis A. Kenny

No. of Shares: 2,000,000

By: /s/ Donald Santucci
   -------------------------
   Donald Santucci

No. of Shares: 2,000,000

                                       17DEMAND PROMISSORY NOTE

THIRD AMENDED AND RESTATED REVOLVING PROMISSORY NOTE

(SECURED)

$10,000,000As of August 23, 2007

Boston, Massachusetts

For value received, LEMAITRE VASCULAR, INC. located at 63 Second Avenue, Burlington, Massachusetts 01803 (the "Borrower"), promises to pay the order of BROWN BROTHERS HARRIMAN & CO., (the "Bank"), at a principal office of the Bank at 40 Water Street, Boston, Massachusetts, or at such other place or places or to such other party or parties as the Bank may from time to time designate, the principal sum of 

TEN MILLION DOLLARS AND NO/100 ($10,000,000)

or, if less, the aggregate unpaid principal amount of all advances made by the Bank to the Borrower, together with interest on any unpaid balance payable as provided in a Fourth Amended and Restated Revolving Loan and Security Agreement dated as of the date hereof between the Borrower and the Bank, as amended from time to time thereafter (the "Agreement").  Interest shall be calculated on the basis of actual days elapsed and a 360-day year.  If this Note is not paid in full upon becoming due and payable, interest on the unpaid balance shall thereafter by payable on demand at a fluctuating interest rate per annum equal to 2% above the Base Rate (as defined in the Agreement), or such other rate designated by the Bank, in effect from time to time.

This Note is the note described in the Agreement.  This Note is secured by any and all collateral at any time granted to the Bank to secure any obligations of the Borrower to the Bank, including, without limitation, the Collateral described in such Agreement.

The Borrower may voluntarily prepay this Note in whole or in part at any time and from time to time without penalty, together with interest accrued on the amount prepaid through the date of payment.  Any amounts prepaid hereunder may be reborrowed.

The Borrower agrees to pay on demand all costs of collection, including reasonable attorneys' fees, incurred by the Bank in enforcing the obligations created by this Note or any other related document.

Prior to this Note becoming due and payable, all payments made by the Borrower shall be applied first to interest and then to principal.  After demand by the Bank, any payments received may be applied by the Bank in its sole discretion.  The entries on the records of the Bank (including any appearing on this Note) shall be prima facie evidence of the amounts outstanding hereunder.

No delay or omission on the part of the Bank in exercising any right hereunder shall operate as a waiver of such right or of any other right of the Bank, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or waiver of the same or any other right on any future occasion.  The Borrower and every endorser or guarantor of this note, regardless of the time, order or place of signing, waives presentment, demand, protest and notices of every kind and assents to any extension or postponement of the time or terms of payment hereunder or any other indulgence, to any substitution, exchange or release of collateral, and to the addition or release of any other party or person primarily or secondarily liable.

Any deposits or other sums at any time credited by or due from the Bank to the Borrower, or to any endorser or guarantor hereof, and any securities or other property of the Borrower or any such endorser or guarantor at any time in the possession of the Bank may at all times be held and treated as collateral for the payment of this Note and any and all other liabilities (direct or indirect, absolute or contingent, sole, joint, or several, secured or unsecured, due or to become due, now existing or hereafter arising) of the Borrower to the Bank.  Regardless of the adequacy of collateral, the Bank may apply or set off such deposits or other sums against such liabilities at any time.

None of the terms or provisions of this Note may be excluded, modified, or amended except by a written instrument duly executed on behalf of the Bank expressly referring hereto and setting forth the provision so excluded, modified or amended.

The term "Bank" as used in this Note includes the Bank's successors and assigns.  This Note shall be binding upon the Borrower and each endorser and guarantor hereof, and their respective successors, assigns and representatives.

All rights and obligations hereunder shall be governed by the laws of the Commonwealth of Massachusetts and this Note shall be deemed to be under seal.

This Note amends, restates and combines in its entirety a Second Amended, Restated and Combined Demand Promissory Note (Secured) in the original principal amount of $5,500,000 dated as of May 20, 2006 executed by the Borrower in favor of the Bank (the "2006 Note").  All amounts outstanding under the 2006 Note shall be deemed outstanding under this Note.

 

 

ATTEST:LEMAITRE VASCULAR, INC.

 

 

/Aaron M. Grossman/                            By: /Joseph P. Pellegrino, Jr./                             

Name: Joseph P. Pellegrino, Jr.

Title: CFO

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