Document:

Unassociated Document

    

    WARRANT
      TO PURCHASE

    COMMON
      STOCK

    

    March
      7, 2007

    

    THIS
      WARRANT, AND ALL SHARES OF COMMON STOCK ISSUABLE UNDER THIS WARRANT, HAVE BEEN
      AND WILL BE ISSUED WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED ("THE ACT"). SUCH SECURITIES ARE SUBJECT TO RESTRICTIONS ON
      TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS
      PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT
      TO
      REGISTRATION OR EXEMPTION THEREFROM.

    

    THIS
      CERTIFIES THAT, for value received, ______ (the "Consultant"),
      or
      its or his permitted assigns is entitled, subject to the terms and conditions
      of
      this Warrant, at any time after the Effective Date and before 5:30 P.M. New
      York
      City time on the Expiration Date, to purchase from New Generation Holdings,
      Inc., a Delaware corporation (“NGH”),
      ___________ shares of Common Stock of NGH (“NGH
      Warrant Stock”)
      or
      from Plastinum Corp., a Delaware corporation (“Plastinum”), __________ shares of
      Common Stock of Plastinum (“Plastinum
      Warrant Stock”),
      in
      either case at an initial exercise price per share of Thirty Five Cents ($0.35),
      subject to adjustment as provided in Section 4 hereof. This Warrant may be
      exercised for either NGH Common Stock or Plastinum Common Stock, but not for
      both. 

    

    1. DEFINITIONS:
      As
      used
      in this Warrant, the following terms shall have the following respective
      meanings:

    

    “Affiliate”
when
      used with respect to any Person, shall mean (a) any other Person which,
      directly or indirectly, controls or is controlled by or is under common control
      with such Person, and (b) any executive officer or director of such Person
      and any executive officer, director or general partner of the other Person
      which
      controls such Person. For the purposes of this definition, "control" (including
      the correlative meanings of the terms "controlling", "controlled by" and "under
      common control with"), with respect to any Person, shall mean possession,
      directly or indirectly, of the power to direct or cause the direction of the
      management and policies of such Person, whether through the ownership of voting
      securities or by contract or otherwise.

    

    "Common
      Stock"
      shall
      mean either NGH Common Stock, par value $0.001, or Plastinum Common Stock,
      par
      value $.01, as the context requires.

    

    “Company”
shall
      mean (i) NGH, with respect to NGH Common Stock, and (ii) Plastinum, with respect
      to Plastinum Common Stock.

    

    
      
        
        

      

      
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    “Effective
      Date"
      shall
      mean the date on which this Warrant is executed by NGH, Plastinum and the
      Consultant.

    

    "Expiration
      Date"
      shall
      mean five (5) years from the Effective Date.

    

    "Holder"
      shall
      mean the Consultant or its permitted registered assigns.

    

    "Person"
      shall
      mean any individual, corporation, partnership, limited liability company, trust
      or other entity or organization, including any governmental authority or
      political subdivision thereof.

    

    "Purchase
      Price"
      shall
      mean, for each share of NGH Common Stock or Plastinum Common Stock, Thirty
      Five
      Cents ($0.35), subject to adjustment as provided for herein.

    

    "Registered
      Holder"
      shall
      mean any Holder in whose name this Warrant is registered upon the books and
      records maintained by the Company.

    

    "SEC"
      shall
      mean the United States Securities and Exchange Commission.

    

    "Warrant"
      shall
      mean this Warrant and any warrant delivered in substitution or exchange therefor
      as provided herein.

    

    "Warrant
      Stock"
      shall
      mean the NGH Common Stock or the Plastinum Common Stock, as the context
      requires, and any other securities at any time issued, receivable or issuable
      upon exercise of this Warrant.

    

    2. EXERCISE
      OF WARRANT.

    

    2.1 Payment.
      Subject
      to compliance with the terms and conditions of this Warrant and applicable
      securities laws, this Warrant may be exercised, in whole or in part at any
      time
      or from time to time, from and after the Effective Date and on or before the
      Expiration Date by delivery (including, without limitation, delivery by
      facsimile) of the form of Notice of Exercise attached hereto as Exhibit
      1
      (the
      "Notice
      of Exercise"),
      duly
      executed by the Holder, to the Company at its principal office, and as soon
      as
      practicable after such date, surrendering:

    

    (a) this
      Warrant at the principal office of the Company, and

    

    (b) payment
      in cash, by check or by wire transfer of an amount equal to the product obtained
      by multiplying the number of shares of Warrant Stock being purchased upon such
      exercise by the then effective Purchase Price (the "Exercise
      Amount").

    

    2.2 "Easy
      Sale" Exercise
      In lieu
      of the payment methods set forth in Section 2.1 (b) above, when permitted by
      law
      and applicable regulations (including exchange, Nasdaq and NASD rules and
      including that all shares so issued will be deemed to be fully paid,
      non-assessable and properly listed or admitted for trading), the Holder may
      pay
      the Purchase Price through a "same day sale" commitment from the Holder (and
      if
      applicable a broker-dealer that is a member of the National Association of
      Securities Dealers (a "NASD Dealer”)), whereby the Holder irrevocably elects to
      exercise this Warrant and to sell a portion of the shares so purchased to pay
      for the Purchase Price and the Holder (or, if applicable, the NASD Dealer)
      commits upon sale (or, in the case of the NASD Dealer, upon receipt) of such
      shares to forward the Purchase Price directly to the Company.

    

    
      
        
        

      

      
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    2.3 Stock
      Certificates; Fractional Shares.
      As soon
      as practicable on or after any date of exercise of this Warrant pursuant to
      this
      Section 2, the Company shall issue and deliver to the Person or Persons entitled
      to receive the same a certificate or certificates for the number of whole shares
      of Warrant Stock issuable upon such exercise, together with cash in lieu of
      any
      fraction of a share equal to such fraction of the current fair market value
      of
      one whole share of Warrant Stock as of the date of exercise of this Warrant.
      No
      fractional shares or scrip representing fractional shares shall be issued upon
      an exercise of this Warrant.

    

    2.4 Partial
      Exercise; Effective Date of Exercise.
      In case
      of any partial exercise of this Warrant, the Company shall cancel this Warrant
      upon surrender hereof and shall execute and deliver a new Warrant of like tenor
      and date for the balance of the shares of Warrant Stock purchasable hereunder.
      This Warrant shall be deemed to have been exercised immediately prior to the
      close of business on the date of its surrender for exercise as provided above.
      The Person entitled to receive the shares of Warrant Stock issuable upon
      exercise of this Warrant shall be treated for all purposes as the holder of
      record of such shares as of the close of business on the date the Holder is
      deemed to have exercised this Warrant.

    

    3. VALID
      ISSUANCE; TAXES. All
      shares of Warrant Stock issued upon the exercise of this Warrant shall be
      validly issued, fully paid and non-assessable; provided that the Company shall
      pay all taxes and other governmental charges that may be imposed in respect
      of
      the issue or delivery thereof. The Company shall not be required to pay any
      tax
      or other charge imposed in connection with any transfer involved in the issuance
      of any certificate for shares of Warrant Stock in any name other than that
      of
      the Registered Holder of this Warrant, and in such case the Company shall not
      be
      required to issue or deliver any stock certificate or security until such tax
      or
      other charge has been paid, or it has been established to the Company's
      reasonable satisfaction that no tax or other charge is due.

    

    4. ADJUSTMENT
      OF PURCHASE PRICE AND NUMBER OF SHARES.
      The
      number of shares of Warrant Stock issuable upon exercise of this Warrant (or
      any
      shares of stock or other securities or property receivable or issuable upon
      exercise of this Warrant) and the Purchase Price are subject to adjustment
      upon
      occurrence of any of the following events:

    

    4.1 Adjustment
      for Stock Splits, Stock Subdivisions or Combinations of Shares.
      The
      Purchase Price of this Warrant shall be proportionally decreased and the number
      of shares of Warrant Stock issuable upon exercise of this Warrant (or any shares
      of stock or other securities at the time issuable upon exercise of this Warrant)
      shall be proportionally increased to reflect any stock split or subdivision
      of
      the Warrant Stock. The Purchase Price of this Warrant shall be proportionally
      increased and the number of shares of Warrant Stock issuable upon exercise
      of
      this Warrant (or any shares of stock or other securities at the time issuable
      upon exercise of this Warrant) shall be proportionally decreased to reflect
      any
      combination of the Warrant Stock.

    

    
      
        
        

      

      
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    4.2 Reclassification.
      If the
      Company, by reclassification of securities or otherwise, shall change any of
      the
      securities as to which purchase rights under this Warrant exist into the same
      or
      a different number of securities of any other class or classes, this Warrant
      shall thereafter represent the right to acquire such number and kind of
      securities as would have been issuable as the result of such change with respect
      to the securities that were subject to the purchase rights under this Warrant
      immediately prior to such reclassification or other change and the Purchase
      Price therefor shall be appropriately adjusted, all subject to further
      adjustment as provided in this Section 4.

    

    4.3 Adjustment
      for Capital Reorganization, Merger or Consolidation.
      In case
      of any reorganization of the capital stock of the Company (other than a
      combination, reclassification, exchange or subdivision of shares otherwise
      provided for herein), or any merger or consolidation of the Company with or
      into
      another Person, or the sale of all or substantially all of the assets of the
      Company, then, and in each such case, as a part of such reorganization, merger,
      consolidation, sale or transfer, lawful provision shall be made so that the
      Holder of this Warrant shall thereafter be entitled to receive upon exercise
      of
      this Warrant, during the period specified herein and upon payment of the
      Purchase Price then in effect, the number of shares of stock or other securities
      or property of the successor Person resulting from such reorganization, merger,
      consolidation, sale or transfer that a holder of the shares deliverable upon
      exercise of this Warrant would have been entitled to receive in such
      reorganization, consolidation, merger, sale or transfer if this Warrant had
      been
      exercised immediately before such reorganization, merger, consolidation, sale
      or
      transfer, all subject to further adjustment as provided in this Section 4.
      The
      foregoing provisions of this Section 4.4 shall similarly apply to successive
      reorganizations, consolidations, mergers, sales and transfers and to the stock
      or securities of any other Person that are at the time receivable upon the
      exercise of this Warrant. If the per-share consideration payable to the Holder
      hereof for shares in connection with any such transaction is in a form other
      than cash or marketable securities, then the value of such consideration shall
      be determined in good faith by the Company's Board of Directors. In all events,
      appropriate adjustment (as determined in good faith by the Company's Board
      of
      Directors) shall be made in the application of the provisions of this Warrant
      with respect to the rights and interests of the Holder after the transaction,
      to
      the end that the provisions of this Warrant shall be applicable after that
      event, as near as reasonably may be, in relation to any shares or other property
      deliverable after that event-upon exercise of this Warrant.

    

    5. CERTIFICATE
      AS TO ADJUSTMENTS5. CERTIFICATE
      AS TO ADJUSTMENTS"
      .
      In each
      case of any adjustment in the Purchase Price, or number or type of shares
      issuable upon exercise of this Warrant, the Chief Financial Officer or
      Controller of the Company shall compute such adjustment in accordance with
      the
      terms of this Warrant and prepare a certificate setting forth such adjustment
      and showing in detail the facts upon which such adjustment is based, including
      a
      statement of the adjusted Purchase Price. The Company shall promptly send (by
      facsimile and by either first class mail, postage prepaid or overnight delivery)
      a copy of each such certificate to the Holder.

    

    
      
        
        

      

      
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    6. LOSS
      OR MUTILATION.
      Upon
      receipt of evidence reasonably satisfactory to the Company of the ownership
      of
      and the loss, theft, destruction or mutilation of this Warrant, and of indemnity
      reasonably satisfactory to it, and (in the case of mutilation) upon surrender
      and cancellation of this Warrant, the Company shall execute and deliver in
      lieu
      thereof a new Warrant of like tenor as the lost, stolen, destroyed or mutilated
      Warrant.

    

    7. RESERVATION
      OF WARRANT STOCK. .
      The
      Company hereby covenants that at all times there shall be reserved for issuance
      and delivery upon exercise of this Warrant such number of shares of Warrant
      Stock, Common Stock or other shares of capital stock of the Company as are
      from
      time to time issuable upon exercise of this Warrant and, from time to time,
      will
      take all steps necessary to amend its Articles of Incorporation to provide
      sufficient reserves of shares of Warrant Stock issuable upon exercise of this
      Warrant. All such shares shall be duly authorized, and when issued upon such
      exercise, shall be validly issued, fully paid and non-assessable, free and
      clear
      of all liens, security interests, charges and other encumbrances or restrictions
      on sale and free and clear of all preemptive rights, except encumbrances or
      restrictions arising under federal or state securities laws. Issuance of this
      Warrant shall constitute full authority to the Company's officers who are
      charged with the duty of executing stock certificates to execute and issue
      the
      necessary certificates for shares of Warrant Stock upon the exercise of this
      Warrant.

    

    8. RESTRICTIONS
      ON TRANSFER.
      The
      Holder, by acceptance hereof, agrees that, absent an effective registration
      statement filed with the SEC under the Securities Act of 1933, as amended (the
      "Securities Act"), covering the disposition or sale of this Warrant or the
      Warrant Stock issued or issuable upon exercise hereof, as the case may be,
      and
      registration or qualification under applicable state securities laws, such
      Holder will not sell, transfer, pledge, or hypothecate any or all such Warrants
      or Warrant Stock, as the case may be, unless either (a) the Company has received
      an opinion of counsel, in form and substance reasonably satisfactory to the
      Company, to the effect that such registration is not required in connection
      with
      such disposition or (b) the sale of such securities is made pursuant to SEC
      Rule
      144.

    

    9. COMPLIANCE
      WITH SECURITIES LAWS.
      By
      acceptance of this Warrant, the Holder hereby represents, warrants and
      covenants: (a) that any shares of stock purchased upon exercise of the Warrant
      shall be acquired for investment only and not with a view to, or for sale in
      connection with, any distribution thereof; (b) that the Holder has had such
      opportunity as such Holder has deemed adequate to obtain from representatives
      of
      the Company such information as is necessary to permit the Holder to evaluate
      the merits and risks of its investment in the Company; (c) that the Holder
      is
      able to bear the economic risk of holding such shares as may be acquired
      pursuant to the exercise of this Warrant for an indefinite period; (d) that
      the
      Holder understands that the shares of stock acquired pursuant to the exercise
      of
      this Warrant will not be registered under the Securities Act (unless otherwise
      required pursuant to exercise by the Holder of the registration rights, if
      any,
      previously granted to the Registered Holder) and will be "restricted securities"
      within the meaning of SEC Rule 144 and that the exemption from registration
      under Rule 144 will not be available for at least one year from the date of
      exercise of this Warrant, subject to any special treatment by the SEC for
      exercise of this Warrant pursuant to Section 2.2, and even then will not be
      available unless a public market then exists for the stock, adequate information
      concerning the Company is then available to the public, and other terms and
      conditions of Rule 144 are complied with; (e) that all stock certificates
      representing shares of stock issued to the Holder upon exercise of this Warrant
      or upon conversion of such shares may have affixed thereto a legend
      substantially in the following form:

    

    
      
        
        

      

      
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    THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES LAWS OF ANY STATE.
      THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE
      AND
      MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PREMITTED UNDER THE ACT AND THE
      APPLICABLE STATE SECURITIES LAWS, PURSUANT OT REGSITRATION OR EXEMPTION
      THEREFROM.

    

    10. NO
      RIGHTS OR LIABILTIES AS STOCKHOLDERS.
      This
      Warrant shall not entitle the Holder to any voting rights or other rights as
      a
      stockholder of the Company. In the absence of affirmative action by such Holder
      to purchase Warrant Stock by exercise of this Warrant, no provisions of this
      Warrant, and no enumeration herein of the rights or privileges of the Holder
      hereof shall cause such Holder hereof to be a stockholder of the Company for
      any
      purpose.

    

    11. 
      REGISTRATION RIGHTS

     

    (a)
      (i)
      If
      Plastinum at any time proposes to file with the SEC a registration statement
      under the Securities Act on any form for the general registration of securities
      to be sold for cash (a “Registration
      Statement”)
      with
      respect to any of its shares of Common Stock (whether to be sold by Plastinum
      or
      by other stockholders), it will give written notice (a “Piggyback
      Notice”)
      to the
      Consultant at least thirty (30) days before the initial filing of such
      Registration Statement, which notice shall set forth the intended method of
      disposition of the securities proposed to be registered. The notice shall offer
      to include in such filing such aggregate number of shares of Warrant Stock
      as
      the Consultant may request. If the Consultant desires to have shares of Warrant
      Stock registered under this Section 11, it shall advise Plastinum in writing
      ten
      (10) days after the date of receipt of such offer from Plastinum, setting forth
      the number of shares of Warrant Stock for which registration is requested.
      Plastinum shall thereupon include in such filing the aggregate number of Warrant
      Stock for which registration is so requested by the Consultant.

    

    
      
        
        

      

      
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    (ii)
      If
      the
      managing underwriter of a proposed public offering shall advise Plastinum in
      writing that, in its opinion, the distribution of the shares of Warrant Stock
      held by the Consultant which have been requested to be included in the
      Registration Statement concurrently with the Common Stock being registered
      for
      Plastinum under clause (i) above would adversely affect the distribution of
      such
      securities, then the number of shares of Common Stock which the Consultant
      shall
      be permitted to include in the Registration Statement shall be limited to such
      amount as in the opinion of the underwriter necessary to provide for the orderly
      distribution of such securities. 

    

    (iii)
      All
      expenses of registrations under this subparagraph (a) of this Section 11 related
      to the registration of Warrant Stock shall be borne by Plastinum, other than
      underwriting discounts, selling commissions and stock transfer taxes applicable
      to the sale of Common Stock, which shall be paid by the Consultant.

    

    (b) (i) The
      Consultant, by participating in any such registration, agrees to indemnify
      and
      hold harmless Plastinum, its subsidiaries and their directors and officers,
      each
      other person, if any, who controls Plastinum within the meaning of the
      Securities Act, each other person (including each underwriter) who participated
      in the offering of such securities and each other person, if any, who controls
      such participating person against any losses, claims, damages or liabilities,
      joint or several, to which Plastinum, its subsidiaries or any such director
      or
      officer or any such person may become subject under the Securities Act or any
      other statute or at common law insofar as such losses, claims, damages or
      liabilities (or actions in respect thereof), arise out of or are based upon
      information in writing provided to Plastinum or its subsidiaries by the
      Consultant specifically for use in any Registration Statement under which such
      shares of Common Stock were registered under the Securities Act, any preliminary
      prospectus or final prospectus contained therein, or any amendment or supplement
      thereto. 

    

    (ii) Plastinum
      agrees to indemnify and hold harmless the Consultant, its subsidiaries and
      their
      directors and officers, each other person, if any, who controls the Consultant
      within the meaning of the Securities Act against any losses, claims, damages
      or
      liabilities, joint or several, to which the Consultant, its subsidiaries or
      any
      such director or officer or any such person may become subject under the
      Securities Act or any other statute or at common law, insofar as such losses,
      claims, damages or liabilities (or actions in respect thereof) arise out of
      or
      are based upon any untrue statement or alleged untrue statement of any material
      fact contained in the Registration Statement or the omission or alleged omission
      to state therein a material fact required to be stated therein or necessary
      to
      make the statements therein not misleading; provided,
      however,
      that
      Plastinum will not be liable in any such case to the extent that such loss,
      claim, damage or liability arises out of or is based upon written information
      provided to Plastinum or its subsidiaries by the Consultant specifically for
      use
      in any Registration Statement under which such shares of Common Stock were
      registered under the Securities Act at the request of such holder, any
      preliminary prospectus or final prospectus contained therein, or any amendment
      or supplement thereto.

    

    
      
        
        

      

      
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    (iii) The
      Consultant shall, if requested by Plastinum, enter into an underwriting
      agreement or similar agreement containing customary indemnification provisions
      substantially similar to those in this Section 11.

    

    12. NOTICE.
      All
      notices and other communications from the Company to the Holder shall be given
      in accordance with the Consulting Agreement.

    

    13. HEADINGS;
      SECTION REFERENCE.
      The
      headings in this Warrant are for purposes of convenience in reference only,
      and
      shall not be deemed to constitute a part hereof. All Section references herein
      are references, to Sections of this Warrant unless specified
      otherwise.

    

    14. LAW
      GOVERNING.
      . This
      Warrant shall be construed and enforced in accordance with, and governed by,
      the
      internal laws of the State of New York, without regard to its conflict of laws
      rules. The Company hereby consents to the jurisdiction of any state or federal
      court located within the County of Nassau, State of New York, and irrevocably
      agrees that all actions or proceedings relating to this Warrant may be litigated
      in such courts, and the Company waives any objection which it may have based
      on
      improper venue or forum non-conveniens
      to the
      conduct of any proceeding in any such court.

    

    15. NO
      IMPAIRMENT.
      The
      Company will not, by amendment of its Articles of Incorporation or bylaws,
      or
      through reorganization, consolidation, merger, dissolution, issue or sale of
      securities, sale of assets or any other voluntary action, avoid or seek to
      avoid
      the observance or performance of any of the terms of this Warrant, but will
      at
      all times in good faith assist in the carrying out of all such terms and in
      the
      taking of all such action as may be necessary or appropriate in order to protect
      the rights of the Registered Holder of this Warrant against impairment. Without
      limiting the generality of the foregoing, the Company: (a) will not increase
      the
      par value of any shares of stock issuable upon the exercise of this Warrant
      above the amount payable therefor upon such exercise and (b) will take all
      such
      action as may be necessary or appropriate in order that the Company may validly
      and legally issue fully paid and non-assessable shares of Warrant Stock upon
      exercise of this Warrant.

    

    16. SEVERABILITY.
      If any
      term, provision, covenant or restriction of this Warrant is held by a court
      of
      competent jurisdiction to be invalid, void or unenforceable, the remainder
      of
      the terms, provisions, covenants and restrictions of this Warrant shall remain
      in full force and effect and shall in no way be affected, impaired or
      invalidated.

    

    17. COUNTERPARTS.
      For the
      convenience of the parties, any number of counterparts of this Warrant may
      be
      executed by the parties hereto and each such executed counterpart shall be,
      and
      shall be deemed to be, an original instrument.

    

    18. NO
      INCONSISTENT AGREEMENTS.
      The
      Company will not on or after the date of this Warrant enter into any agreement
      with respect to its securities which is inconsistent with the rights granted
      to
      the Holder or otherwise conflicts with the provisions hereof. 

    

    
      
        
        

      

      
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    19. SATURDAYS,
      SUNDAYS AND HOLIDAYS.
      If the
      Expiration Date falls on a Saturday, Sunday or legal holiday, the Expiration
      Date shall automatically be extended until 5:00 P.M. the next business
      day.

    

    [The
      signature page follows]

    
       

      
        
        

      

      
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    IN
      WITNESS WHEREOF,
      NGH and
      Plastinum have executed this Warrant as of March __, 2007.

     

    
      	 	
              NEW
                GENERATION HOLDINGS, INC.

              

              

              

              By:____________________________

              Name:

              Title: 

              

              

              

              PLASTINUM
                CORP.

              (f/k/a
                New Generation Plastic, Inc.)

              

              

              

              By:____________________________

              Name:

              Title:

            

    

    

    [Signature
      Page to Warrant]

     

    
      
        
        

      

      
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    EXHIBIT
      1

    

    NOTICE
      OF EXERCISE

    

    (To
      be executed upon exercise of Warrant)

    

    NEW
      GENERATION HOLDINGS, INC. 

    PLASTINUM
      CORP. (f/k/a New Generation Plastic, Inc.)

    

    The
      undersigned hereby irrevocably elects to exercise the right of purchase
      represented by the within Warrant Certificate for, and to purchase thereunder,
      the securities of (CHECK ONE) _____ NEW
      GENERATION HOLDINGS, INC. or
      _________ PLASTINUM CORP. (f/k/a New Generation Plastic, Inc.)
as
      provided for therein, and (check the applicable box):

    

    
      	 	
              1.

            	
              Tenders
                herewith payment of the exercise price in full in the form of cash
                or a
                certified or official bank check in same-day funds in the amount
                of
                $_______ for __________ such
                securities.

            

    

    

    
      	 	
              2.

            	
              Elects
                the Easy Sale Exercise option pursuant to Section 2.3 of the Warrant,
                and
                accordingly requests delivery of a net of ________ of such
                securities.

            

    

    

    Please
      issue a certificate or certificates for such securities in the name of, and
      pay
      any cash for any fractional share to (please print name, address and social
      security number):

    

    
      	Name:	
              ______________________________________

            

    

    
      	Address:	
              ______________________________________

            

    

    
      	Signature:	
              ______________________________________

            

    

    

    Note:
      The
      above signature should correspond exactly with the name on the first page of
      this Warrant Certificate or with the name of the assignee appearing in the
      assignment form below.

    

    If
      said
      number of shares shall not be all the shares purchasable under the within
      Warrant Certificate, a new Warrant Certificate is to be issued in the name
      of
      said undersigned for the balance remaining of the shares purchasable thereunder
      rounded up to the next higher whole number of shares.Confidential

    

    ASSET
      PURCHASE AGREEMENT 

    

    BY
      AND BETWEEN 

    

    FUTURETECH
      INC., 

    

    AND
      

    

    CORNING
      CABLE SYSTEMS LLC 

    

    Dated
      as of July 26, 2005 

    

    

    ASSET
      PURCHASE AGREEMENT (this Agreement) dated as of July 26, 2005, by and between
      FUTURETECH INC., a Delaware corporation (FUTURETECH), and CORNING CABLE SYSTEMS
      LLC, a North Carolina limited liability company (”CCS”). 

    

    WHEREAS,
      CCS is engaged in the business of developing, marketing and licensing
      telecommunication network asset management software, otherwise known as its
      OptiCon Network Manager, including Releases 3.x, 4.x and any related products
      currently under development. (“OptiCon”); 

    

    WHEREAS,
      subject to the terms and conditions set forth in this Agreement, CCS wishes
      to
      sell to FUTURETECH, and FUTURETECH wishes to purchase from CCS, substantially
      all of the assets that are used by CCS to conduct OptiCon related business,
      all
      as identified or described herein, and CCS wishes to transfer to FUTURETECH,
      and
      in connection therewith the parties hereto wish to make certain agreements
      related to such purchase, sale, assignment and assumption; and 

    

    WHEREAS,
      as a condition to the willingness of, and as an inducement to, FUTURETECH,
      CCS
      to enter into this Agreement, contemporaneously with the execution and delivery
      of this Agreement, CCS, FUTURETECH entering into the Related Agreements (as
      defined below). 

    

    NOW,
      THEREFORE, in consideration of the mutual benefits to be derived from this
      Agreement and the representations, warranties, covenants, agreements, conditions
      and promises contained herein and therein, the parties hereby agree as follows:
      

    

    ARTICLE
      I 

    

    PURCHASE
      AND SALE OF ASSETS; CLOSING 

    

    
      	1.1	
              Purchase
                and Sale of Acquired Assets. Upon the terms and subject to the conditions
                set forth in this Agreement, at the Closing, CCS shall sell, transfer,
                assign and deliver to FUTURETECH, and relinquish to FUTURETECH in
                perpetuity, free and clear of all Encumbrances, all right, title
                and
                interest in and to all of the Acquired Assets of OptiCon. As used
                in this
                Agreement, the term Acquired Assets means all of the assets, properties,
                goodwill and rights of CCS in OptiCon identified as follows, but
                excluding, however, such assets, rights and properties that constitute
                the
                Excluded Assets (as defined in Section 1.2):

            

    

     

    
      	 	
              A.

            	
              all
                right, title and interest of CCS in the OptiCon and OptiCon Network
                Manager brand name; 

            

    

     

    
      	 	
              B.

            	
              all
                of the tangible personal property of CCS related to OptiCon as listed
                in
                Section 1.1.B of the Disclosure Schedule;

            

    

     

    
      	 	
              C.

            	
              all
                rights of CCS in OptiCon, to the extent transferable, under all Federal,
                state, local and foreign governmental licenses, consents, approvals,
                authorizations, permits, orders decrees and
                other

            

      
        
           

        

        
          -1-

          
            

          

        

        
           

        

      

    

     

    compliance
      agreements relating in any manner to, or used in connection with the operation
      of, OptiCon, including those listed in Section 1.1.C of the Disclosure Schedule;
      

     

    
      	 	
              D.

            	
              all
                OptiCon Intellectual Property Rights and Licensed Software (as defined
                in
                Sections 3.1.H and 3.1.I, respectively), and the goodwill associated
                therewith, licenses and sublicenses granted in respect thereto and
                rights
                thereunder, together with all claims against third parties for profits
                and
                all costs, losses, claims, liabilities, fines, penalties, damages
                and
                expenses (including interest which may be imposed in connection
                therewith), court costs, and reasonable fees and disbursements of
                counsel,
                consultants and expert witnesses (collectively, Damages) incurred
                by
                reason of the past infringement, alleged infringement, unauthorized
                use or
                disclosure or alleged unauthorized use or disclosure of any OptiCon
                Intellectual Property Rights, together with the right to sue for,
                and
                collect the same, or to sue for injunctive relief, for OptiCon’s own use
                and benefit, and for the use and benefit of its successors, assigns
                or
                other legal representatives; 

            

    

     

    
      	 	
              E.

            	
              all
                customer, supplier, advertiser and mailing lists of CCS in OptiCon,
                including all copies thereof (in whatever media such copies may exists),
                relating in any manner to, or used in connection with, the operation
                of
                OptiCon, and all rights in and to the information contained therein;
                

            

    

     

    
      	 	
              F.

            	
              all
                business and financial records, books, ledgers, files, plans, documents,
                correspondence, lists, plats, architectural plans, drawings, notebooks,
                specifications, creative materials, advertising and promotional materials,
                marketing materials, studies, and reports relating in any manner
                to, or
                used in connection with the operation of, OptiCon or to the Acquired
                Assets, in whatever media they exist;

            

    

     

    
      	 	
              G.

            	
              all
                goodwill of CCS relating to OptiCon;
                and

            

    

     

    
      	 	
              H.

            	
              all
                Inventory relating to OptiCon as listed in Section 1.1.H of the Disclosure
                Schedule.

            

    

     

    
      	1.2	
              Excluded
                Assets. Notwithstanding Section 1.1, the following assets shall be
                excluded from this Agreement and shall not be sold, conveyed, assigned,
                transferred or delivered to FUTURETECH pursuant
                hereto:

            

    

     

    
      	 	
              A.

            	
              all
                written or oral contracts, agreements, guaranties, understandings,
                deeds,
                mortgages, indentures, leases, license agreements, commitments,
                undertakings or other documents or instruments relating in any manner
                to
                OptiCon (excluding third party software licenses described in Section
                3.1.I);

            

    

     

    
      	 	
              B.

            	
              all
                accounts receivable of CCS, all other rights to receive payment and
                all
                rights in respect of prepaid items however evidenced, whether by
                notes,
                instruments, chattel paper or otherwise, relating in any manner to,
                or
                arising out of the operation of,
                OptiCon;

            

    

     

    
      	 	
              C.

            	
              all
                tangible personal property of CCS not listed in the Disclosure
                Schedule;

            

    

     

    
      	 	
              D.

            	
              all
                insurance policies maintained by CCS with respect to OptiCon and
                any
                prepaid insurance expenses or
                premiums;

            

    

     

    
      	 	
              E.

            	
              all
                payments made by CCS which constitute prepaid Taxes of OptiCon and
                all
                refunds or credits of Taxes and claims for refunds or credits of
                Taxes and
                other governmental charges to the extent such refunds relate to periods
                ending on or prior to the Closing
                Date;

            

    

     

    
      	 	
              F.

            	
              all
                pension, health or welfare plans, any post-retirement benefits for
                any
                current or former employees of CCS who were or are employees of OptiCon
                and all payments made by CCS which constitute prepaid expenses of
                OptiCon
                relating to such excluded employee
                benefits;

            

    

     

    
      	 	
              G.

            	
              all
                interest in or claim against any
                Plan;

            

    

     

    
      	 	
              H.

            	
              all
                corporate minute books and stock
                records;

            

    

     

    
      	 	
              I.

            	
              all
                claims, deposits, prepayments, prepaid expenses, refunds, causes
                of
                action, chooses in action, rights of recovery, rights of set off
                and
                rights of recoupment relating in any manner to the items
                set

            

    

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    forth
      in
      this Section 1.2;

     

    
      	 	
              J.

            	
              the
                names “Corning” and “Siecor” and any trademarks, tradenames or logos,
                trade dress, brand names or service marks containing the words “Corning”
                or “Siecor” (except OptiCon brand name);
                and

            

    

     

    
      	 	
              K.

            	
              all
                other tangible or intangible assets not used solely for
                OptiCon.

            

    

     

    No
      more
      than one hundred and twenty (120) days after the Closing Date, FUTURETECH shall
      modify all OptiCon software, documentation, packaging, labeling, brochures
      and
      sales aids bearing the “Corning” or “Siecor” trademarks by reasonable means to
      show customers and potential customers of OptiCon that the ownership and
      responsibility for the assets has transferred to FUTURETECH.

     

    
      	1.3	
              Assumption
                of Liabilities. FUTURETECH shall not assume, discharge or perform
                any of
                CCS's Liabilities related to OptiCon.

            

    

     

    
      	1.4	
              Excluded
                Liabilities. FUTURETECH is not assuming any Liabilities of CCS related
                to
                OptiCon or any of its Affiliates. FUTURETECH shall have no liability
                whatsoever for any Liabilities of CCS related to OptiCon which are
                not
                specifically assumed under Section 1.3, and, without limiting the
                generality of the foregoing, FUTURETECH shall not be deemed to assume,
                nor
                shall it assume the following Liabilities (the Excluded Liabilities):
                

            

    

     

    
      	 	
              A.

            	
              any
                and all Liabilities arising under or relating to any written or oral
                contracts, agreements, guaranties, understandings, deeds, mortgages,
                indentures, leases, licenses, commitments, undertakings or other
                documents
                or instruments to which CCS’s OptiCon or any Affiliate thereof is a party;
                

            

    

     

    
      	 	
              B.

            	
              any
                and all Liabilities of CCS in OptiCon or any of its Affiliates in
                respect
                of any indebtedness for or guarantees of borrowed money;
                

            

    

     

    
      	 	
              C.

            	
              any
                and all Liabilities of CCS in OptiCon to any Affiliate or current
                or
                former stockholder of CCS; 

            

    

     

    
      	 	
              D.

            	
              any
                and all Liabilities of CCS in OptiCon or any of its Affiliates for
                or in
                respect of Taxes including, without limitation, any Taxes resulting
                from
                or relating to the consummation of the transaction contemplated hereby
                (including any state Taxes that may become due as a result of any
                Bulk
                Sale or similar statute that may be assessed against OptiCon following
                the
                Closing); 

            

    

     

    
      	 	
              E.

            	
              any
                and all Liabilities of CCS or any of its Affiliates arising out of
                or
                relating, directly or indirectly, to any property of which CCS or
                such
                Affiliate has disposed or proposed to dispose, including any and
                all
                Liabilities to any other person or entity incurred in connection
                with any
                sale or proposed sale of (i) all or any substantial part of CCS or
                any
                Affiliate, or any other business combination or proposed business
                combination, (ii) any real property of CCS or any Affiliate, (iii)
                any
                other business or (iv) any securities of CCS, any Affiliate or any
                other
                entity; 

            

    

     

    
      	 	
              F.

            	
              any
                and all Liabilities arising out of or relating, directly or indirectly,
                to
                any Employee Plan or the termination thereof including, without
                limitation, CCS's Incentive Compensation Plan and CCS's obligations
                to
                OptiCon Employees under such plan; 

            

    

     

    
      	 	
              G.

            	
              any
                and all Liabilities with respect to fees and expenses incurred by
                CCS or
                any of its Affiliates in connection with the sale or proposed sale
                or
                other disposition or proposed disposition of all or part of the assets
                or
                capital stock of CCS or any Affiliate (including the Transaction
                Expenses); 

            

    

     

    
      	 	
              H.

            	
              any
                and all Liabilities of CCS or any of its Affiliates to any present
                or
                former employee or independent contractor of CCS or any Affiliate
                thereof;
                

            

    

     

    
      	 	
              I.

            	
              any
                and all Liabilities of CCS or any of its Affiliates for any Actions
                against CCS or any Affiliate, including any Actions pending or threatened
                against CCS as of the Closing Date;

            

    

     

    
      	 	
              J.

            	
              any
                and all Liabilities of CCS or any of its Affiliates for damage or
                injury
                to person or property

            

    

    

    
      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

    

     

    including,
      without limitation, those resulting from or arising out of environmental claims;
      

     

    
      	 	
              K.

            	
              any
                and all Liabilities of CCS or any of its Affiliates arising out of
                or
                resulting from non-compliance with any Federal, state, local or foreign
                laws, ordinances, regulations or orders;

            

    

     

    
      	 	
              L.

            	
              any
                and all Liabilities of CCS or any of its Affiliates arising out of,
                relating to or resulting from any obligation to indemnify any person
                or
                entity (including officers and directors of CCS);
                

            

    

     

    
      	 	
              M.

            	
              any
                and all Liabilities of CCS or any of its Affiliates arising under
                this
                Agreement or any of the Related Agreements;

            

    

     

    
      	 	
              N.

            	
              any
                and all Liabilities of CCS or any of its Affiliates for any accounts
                payable;

            

    

     

    
      	 	
              O.

            	
              any
                and all other Liabilities attributable in any manner to the Excluded
                Assets; and 

            

    

     

    
      	 	
              P.

            	
              any
                and all other Liabilities of CCS or any of its Affiliates that are
                not
                Assumed Liabilities. 

            

    

     

    
      	1.5	
              Continuing
                Liabilities. Notwithstanding anything contained herein to the contrary,
                to
                the extent that any Assumed Liability assumed by FUTURETECH pursuant
                to
                Section 1.3, or any Damages imposed on FUTURETECH by operation of
                law or
                otherwise in connection with, or which otherwise arises out of or
                in
                relation to, the transactions contemplated hereby (other than FUTURETECH's
                assumption of the Assumed Liabilities assumed by it pursuant to Section
                1.3), results from or arises out of an event or condition which is
                continuing or continuous in nature, FUTURETECH shall assume and discharge
                only that portion of such Assumed Liability or Damage that results
                from or
                arises out of that part of the event which occurs or condition which
                exists after the Closing, without, however, releasing CCS from its
                obligation to discharge that portion of such Assumed Liability or
                Damage
                that results from that part of the event which occurs or condition
                which
                exists prior to the Closing; provided, however, that CCS shall discharge
                all of such continuing or continuous Assumed Liabilities or Damages,
                including, without limitation, those Assumed Liabilities assumed
                by
                FUTURETECH pursuant to Section 1.3 if and to the extent they result
                from a
                breach by CCS of any of its representations, warranties or covenants
                hereunder. 

            

    

     

    
      	1.6	
              Closing.
                The closing of the transactions contemplated by this Agreement (the
                Closing) will take place at 10:00 a.m. (Eastern time) on July 26,
                2005,
                unless the parties agree to another date in writing. The Closing
                shall
                take place at the offices of CCS’s Keller Plant, unless the parties agree
                to another time or place in writing. As used herein, the term Business
                Day
                shall mean any day other than a Saturday, Sunday or day on which
                banks are
                permitted to close in the City and State of New York. All transactions
                contemplated to take place at the Closing shall be deemed to be effective
                as of 5:00 p.m. on the Closing Date (the Effective Time) and events
                taking
                place, and periods ending after the Effective Time shall be deemed
                to have
                taken place, or ended, after the Closing.

            

    

     

    
      	1.7	
              Closing
                Obligations. At the Closing, in addition to the agreements set forth
                in
                Article IV, the parties shall execute and deliver the following documents:
                

            

    

     

    
      	 	
              A.

            	
              CCS,
                or their Affiliates, as the case may be, shall deliver to
                FUTURETECH:

            

    

     

    
      	
            	(i)	
              a
                bill of sale for all of the tangible Acquired Assets in the form
                of
                Exhibit A attached hereto (the Bill of Sale) executed by
                CCS;

            

    

     

    
      	
            	(ii)	
              an
                assignment of all of the Acquired Assets that are intangible personal
                property (except the Assigned Intellectual Property Assets) in the
                form of
                Exhibit B attached hereto, which assignment shall also contain
                FUTURETECH’s undertaking and assumption of the Assumed Liabilities (the
                Assignment and Assumption Agreement) executed by CCS;
                

            

    

     

    
      	
            	(iii)	
              an
                assignment of all OptiCon Trademarks in the form of Exhibit C attached
                hereto (the Trademark Assignment) executed by
                CCS;

            

    

     

    
      	
            	(iv)	
              a
                general assignment of all Assigned Intellectual Property Assets in
                the
                form of Exhibit D attached hereto (the IP Assignment) executed by
                CCS;
                and

            

      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

    

     

    
      	
            	(v)	
              all
                such other bills of sale, assignment and assumption agreements,
                endorsements, intellectual property right assignments, certificates
                of
                title, consents and other good and sufficient instruments and documents
                of
                conveyance and transfer, all dated the Closing Date and in a form
                reasonably satisfactory to FUTURETECH, as FUTURETECH reasonably shall
                deem
                necessary or appropriate to vest in or confirm to FUTURETECH full
                and
                complete right, title and interest in and to all of the Acquired
                Assets
                (collectively, the Other
                Assignments).

            

    

     

    
      	 	
              B.

            	
              FUTURETECH
                shall deliver to CCS, as the case may
                be:

            

    

     

    
      	
            	(i)	
              the
                Assignment and Assumption Agreement executed by
                FUTURETECH;

            

    

     

    
      	
            	(ii)	
              the
                Trademark Assignment executed by FUTURETECH;
                and

            

    

     

    
      	
            	(iii)	
              the
                IP Assignment executed by
                FUTURETECH.

            

    

     

    On
      the
      Closing Date, CCS shall transfer all of the Acquired Assets, including OptiCon
      Intellectual Property Rights, to such location or locations as FUTURETECH
      reasonably may request. 

     

    
      	1.8	
              Further
                Assurances. At any time and from time to time after the Closing,
                at the
                request of FUTURETECH and without further consideration, CCS will
                execute
                and deliver such other instruments of sale, transfer, conveyance,
                assignment and confirmation, and will take such further action, as
                may be
                reasonably requested in order to more effectively transfer, convey
                and
                assign to , and to confirm FUTURETECH's title to, the Acquired Assets,
                and
                each of the parties shall execute such other documents and take such
                further action as may be reasonably required or desirable to carry
                out the
                provisions of this Agreement and the transactions contemplated hereby.
                Without limiting the generality of the foregoing, CCS shall, from
                time to
                time and at no cost to FUTURETECH, cooperate with, and take all action
                reasonably requested by, FUTURETECH to effectively transition the
                Acquired
                Assets and the operation and ownership of FUTURETECH.
                

            

    

     

    ARTICLE
      II 

     

    PURCHASE
      PRICE 

    

    
      	2.1	
              Purchase
                Price.

            

    

     

    
      	 	
              A.

            	
              Purchase
                Price. The entire consideration (the Purchase Price) payable by FUTURETECH
                for the Acquired Assets shall be for one hundred thousand dollars
                ($100,000) in cash.

            

    

     

    
      	 	
              B.

            	
              Delivery
                of Purchase Price. At the Closing, FUTURETECH shall deliver to CCS
                the
                Closing Cash Payment. 

            

    

     

    
      	2.2	
              Allocation
                of Purchase Price. The Purchase Price shall be allocated among the
                Acquired Assets and the covenant not to compete to be entered into
                by CCS
                in connection with this Agreement and shall be consistent with the
                requirements of Section 1060 of the Code, and the regulations thereunder.
                FUTURETECH and CCS agree that such allocation shall be fair and equitable.
                FUTURETECH and CCS agree to report this transaction for Tax purposes,
                including the filing of Internal Revenue Service Form 8594 (Asset
                Acquisition Statement), in accordance with such allocation and to
                defend
                such allocation before, and not take any positions that are inconsistent
                with such allocation before, any Governmental Authority charged with
                the
                collection of Taxes, or in any judicial proceeding.
                

            

    

     

    ARTICLE
      III 

     

    REPRESENTATIONS
      AND WARRANTIES 

    

    
      	3.1	
              Representations
                and Warranties of CCS. CCS hereby represents and warrants to FUTURETECH
                that, except as disclosed in the disclosure schedule dated the date
                hereof, certified by CCS and delivered to FUTURETECH simultaneously
                herewith (which disclosure schedule shall contain specific
                references

            

    

    

    
      
        
           

        

        
          -5-

          
            

          

        

        
           

        

      

    

     

    to
      the
      representations and warranties to which the disclosures contained therein relate
      and an item on such disclosure schedule shall be deemed to qualify only the
      particular subsection or subsections specified for such item) (the Disclosure
      Schedule): 

     

    
      	 	
              A.

            	
              Organization;
                Good Standing; Qualification and Power. CCS (i) is a corporation
                duly
                organized, validly existing and in good standing under the laws of
                the
                State ___________, (ii) has all requisite corporate power and authority
                to
                own, lease and operate its properties and assets and to carry on
                its
                business as now being conducted, and as proposed to be conducted,
                to enter
                into this Agreement and the Related Agreements to which CCS is a
                party, to
                perform its obligations hereunder and thereunder, and to consummate
                the
                transactions contemplated hereby and thereby and (iii) except as
                set forth
                in Section 3.1.A of the Disclosure Schedule, is duly qualified and
                in good
                standing to do business in those jurisdictions listed in Section
                3.1.A of
                Disclosure Schedule and in all other jurisdictions where the failure
                to be
                so qualified and in good standing would have a material adverse effect
                on
                CCS, FUTURETECH or the business, properties, condition (financial
                or
                otherwise), assets, liabilities, operations, results of operations,
                prospects or affairs of CCS or of FUTURETECH (a FUTURETECH Material
                Adverse Effect). 

            

    

     

    
      	 	
              B.

            	
              [Intentionally
                Omitted]. 

            

    

     

    
      	 	
              C.

            	
              Authority;
                No Consents. The execution, delivery and performance by CCS of this
                Agreement and the Related Agreements to which it is a party and the
                consummation of the transactions contemplated hereby and thereby
                have been
                duly and validly authorized by all necessary corporate action on
                the part
                of CCS; and this Agreement has been, and the Related Agreements to
                which
                it is a party when executed and delivered by CCS will be, duly and
                validly
                executed and delivered and the valid and binding obligations of CCS,
                enforceable against it in accordance with their respective terms.
                Except
                as set forth in Section 3.1.C of the Disclosure Schedule, the execution,
                delivery and performance of this Agreement or the Related Agreements
                to
                which it is a party, the consummation by CCS of the transactions
                contemplated hereby or thereby, nor compliance by CCS with any provision
                hereof or thereof will (A) conflict with, (B) result in any material
                violation of, (C) cause a material default under (with or without
                due
                notice, lapse of time or both), (D) give rise to any right of termination,
                amendment, cancellation or acceleration of any obligation contained
                in or
                the loss of any material benefit under or (E) result in the creation
                of
                any Encumbrance on or against any assets, rights or property of CCS
                under
                any term, condition or provision of (x) any instrument or agreement
                to
                which CCS is a party, or by which CCS or any of its properties, assets
                or
                rights may be bound or (y) any law, statute, rule, regulation, order,
                writ, injunction, decree, permit, concession, license or franchise
                of any
                Governmental Authority applicable to CCS or any of its properties,
                assets
                or rights or conflict with or result in any violation of CCS's Certificate
                of Incorporation or by- laws. No permit, authorization, consent or
                approval of or by, or any notification of or filing with, any Governmental
                Authority or other person or entity is required in connection with
                the
                execution, delivery and performance by CCS of this Agreement or the
                Related Agreements or the consummation by CCS of the transactions
                contemplated hereby or thereby, except for (i) the consents listed
                in
                Section 3.1.C of the Disclosure Schedule and (ii) such other consents,
                waivers, authorizations, filings, approvals and registrations which
                if not
                obtained or made would not have a FUTURETECH Material Adverse Effect
                or
                impair in any material respect the ability of CCS to consummate the
                transactions contemplated by this Agreement.

            

    

     

    
      	 	
              D.

            	
              Absence
                of Changes. Since January 1, 2004 or such other date as is specifically
                provided below, except as set forth in Section 3.1.D of the Disclosure
                Schedule, there has not been: 

            

    

     

    
      	
            	(i.)	
              any
                damage, destruction or loss to any of the Acquired Assets, whether
                or not
                covered by insurance, having or which could have a FUTURETECH Material
                Adverse Effect; 

            

    

     

    
      	
            	(ii)	
              any
                payment, discharge or satisfaction of any material Encumbrance on
                any of
                the Acquired Assets or Liability relating in any manner to, or arising
                from the operation of, OptiCon by CCS or any cancellation by CCS
                of any
                material debts or claims relating in any manner to, or arising from
                the
                operation of, OptiCon or any amendment, termination or waiver of
                any
                rights of material value to CCS relating in any manner to, or arising
                from
                the operation of OptiCon; 

            

      
        
           

        

        
          -6-

          
            

          

        

        
           

        

      

    

     

    
      	
            	(iii)	
              any
                license, sale, transfer, pledge, mortgage or other disposition of
                any
                material tangible or intangible asset (including any Intellectual
                Property
                Rights of CCS) relating in any manner to, or used in the operation
                of
                OptiCon other than in the Ordinary Course of Business;
                

            

    

     

    
      	
            	(iv)	
              any
                labor dispute or any union organizing campaign;

            

    

     

    
      	
            	(v)	
              the
                commencement of any litigation or other action by or against CCS
                relating
                in any manner to OptiCon; 

            

    

     

    
      	
            	(vi)	
              any
                agreement, understanding, authorization or proposal, whether in writing
                or
                otherwise, for CCS to take any of the actions specified in items
                (i)
                through (v) above. 

            

    

     

    
      	 	
              E.

            	
              Tax
                Matters. CCS and each other corporation or entity (if any) included
                in any
                consolidated or combined tax return in which CCS has been included
                have
                filed and will file, in a timely and proper manner, consistent with
                applicable laws, all Federal, state and local Tax returns and Tax
                reports
                required to be filed by them as they relate to OptiCon (the Tax Returns)
                with the appropriate governmental agencies in all jurisdictions in
                which
                Tax Returns are required to be filed and have timely paid or will
                timely
                pay all amounts shown thereon to be due. All such Tax Returns will
                be
                correct and complete in all material respects at the time of filing.
                CCS
                has not agreed to, nor is it required to, make any adjustment under
                Section 481(a) of the Code by reason of a change in accounting method
                or
                otherwise. As used in this Agreement, Tax means any of the Taxes
                and Taxes
                means, with respect to any entity, (A) all income taxes (including
                any tax
                on or based upon net income, gross income, income as specially defined,
                earnings, profits or selected items of income, earnings or profits)
                and
                all gross receipts, sales, use, ad valorem, transfer, franchise,
                license,
                withholding, payroll, employment, excise, severance, stamp, occupation,
                premium, property or windfall profits taxes, alternative or add-on
                minimum
                taxes, customs duties and other taxes, fees, assessments or charges
                of any
                kind whatsoever, together with all interest and penalties, additions
                to
                tax and other additional amounts imposed by any taxing authority
                (domestic
                or foreign) on such entity and (B) any liability for the payment
                of any
                amount of the type described in the immediately preceding clause
                (A) as a
                result of being a transferee (within the meaning of Section 6901
                of the
                Code or any other applicable law) of another entity or a member of
                an
                affiliated or combined group. 

            

    

     

    
      	 	
              F.

            	
              Title
                to Assets, Properties and Rights and Related Matters. CCS
                has good and valid title to all of the Acquired Assets free and clear
                of
                all Encumbrances of any kind or character other than Permitted
                Encumbrances. The Acquired Assets are in good operating condition
                and
                repair in all material respects (ordinary wear and tear excepted).
                The
                Acquired Assets include all assets, properties and interests in properties
                (real, personal and mixed, tangible and intangible) and all rights,
                leases, licenses and other agreements necessary or desirable to enable
                FUTURETECH to carry on OptiCon in the manner as normally conducted
                by CCS
                and as proposed to be conducted. Except for the Shared Assets being
                retained by CCS, none of the assets, properties or rights being retained
                by CCS are used in, or necessary or desirable for, the operation
                of
                OptiCon as currently conducted or as proposed to be conducted. As
                used
                herein, (A) the term Encumbrances means and includes security interests,
                mortgages, liens, pledges, guarantees, charges, easements, reservations,
                restrictions, clouds, equities, rights of way, options, rights of
                first
                refusal and all other encumbrances, whether or not relating to the
                extension of credit or the borrowing of money, (B) Permitted Encumbrances
                means (i) liens for taxes, assessments and other governmental charges
                or
                levies not due and payable, or which currently are being contested
                in good
                faith by appropriate proceedings and which are specifically listed
                on the
                appropriate section of the Disclosure Schedule, (ii) mechanics',
                workmen's, repairmen's, materialmen's, warehousemen's, vendors' and
                carriers' liens, and other similar liens arising in the Ordinary
                Course of
                Business for charges which are not delinquent, or which currently
                are
                being contested in good faith by appropriate proceedings and have
                not
                proceeded to judgment and which specifically are listed on the appropriate
                section of the Disclosure Schedule, and (iii) liens in respect of
                judgments or awards which specifically are listed on the appropriate
                section of the Disclosure Schedule and with respect to which there
                shall
                be a good faith current prosecution of an appeal or proceedings for
                review
                which is secured by an appropriate bond or a stay of execution pending
                such appeal or proceedings for review, and (C) Ordinary Course of
                Business
                means the operation of OptiCon in the ordinary course of
                business

            

    

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    consistent
      with CCS's usual and customary practices in managing and operating OptiCon
      as
      they existed on August 1, 2004 without regard to the transactions contemplated
      hereby.

     

    
      	 	
              G.

            	
              [Intentional
                omitted]

            

    

     

    
      	 	
              H.

            	
              Intellectual
                Property. 

            

    

     

    
      	
            	(i)	
              Except
                as set forth in Section 3.1.H(i)(1) of the Disclosure Schedule, CCS
                has
                good and valid title to, and owns free and clear of all Encumbrances,
                has
                the exclusive right to use, sell, transfer, license (or sublicense),
                transmit, broadcast, deliver (electronically or otherwise) and dispose
                of,
                and has the right to bring actions for the infringement of, all
                Intellectual Property Rights used in connection with or necessary
                for the
                conduct of OptiCon in the Ordinary Course of Business and as proposed
                to
                be conducted after the Closing Date, including all Intellectual Property
                Rights set forth in Section 3.1.H(i)(2) of the Disclosure Schedule
                (collectively, OptiCon Intellectual Property Rights);
                

            

    

     

    
      	
            	(ii)	
              The
                execution, delivery and performance of this Agreement and the Related
                Agreements and the consummation of the other transactions contemplated
                hereby or thereby, will not breach, violate or conflict with any
                instrument or agreement governing any OptiCon Intellectual Property
                Rights
                in any material respect, will not cause the forfeiture or termination
                or
                give rise to a right of forfeiture or termination of any OptiCon
                Intellectual Property Right or materially impair the right of CCS
                to use,
                sell, license (or sublicense), transmit, broadcast, deliver
                (electronically or otherwise) or dispose of, or to bring any action
                for
                the infringement of, any OptiCon Intellectual Property Right or portion
                thereof; 

            

    

     

    
      	
            	(iii)	
              To
                the knowledge of CCS, there are no royalties, honoraria, fees or
                other
                payments payable by CCS to any person by reason of the ownership,
                use,
                license (or sublicense), transmission, broadcast, delivery (electronically
                or otherwise), sale, or disposition of any OptiCon Intellectual Property
                Rights; 

            

    

     

    
      	
            	(iv)	
              Except
                as set forth in Section 3.1.H(iv) of the Disclosure Schedule, neither
                the
                manufacture, marketing, license (or sublicense), sale, transmission,
                delivery (electronically or otherwise), or use of any product or
                service
                currently or proposed to be licensed, sold, marketed, transmitted,
                broadcast, delivered (electronically or otherwise) or used by CCS
                or
                currently under development by CCS violates any license (or sublicense)
                or
                agreement of CCS with any third party or infringes any common law
                or
                statutory rights of any other party, including, without limitation,
                rights
                relating to defamation, contractual rights, Intellectual Property
                Rights
                and rights of privacy or publicity; nor, to the knowledge of CCS,
                is any
                third party infringing upon, or violating any license (or sublicense),
                transmission, broadcast, delivery, (electronically or otherwise)
                or
                agreement with CCS relating to, any OptiCon Intellectual Property
                Right;
                and there is no pending or threatened claim or litigation contesting
                the
                validity, ownership or right to use, manufacture, sell, license (or
                sublicense), transmit, broadcast, deliver (electronically or otherwise)
                or
                dispose of any OptiCon Intellectual Property Right, nor is there
                any basis
                for any such claim. CCS has not received any notice asserting that
                any
                OptiCon Intellectual Property Right or the proposed use, manufacture,
                sale, license (or sublicense), transmission, broadcast, delivery
                (electronically or otherwise) or disposition thereof conflicts or
                will
                conflict with the rights of any other party, nor is there any basis
                for
                any such assertion; 

            

    

     

    
      	
            	(v)	
              All
                works that were created, prepared or delivered by consultants, independent
                contractors or other third parties for or on behalf of CCS (including
                any
                materials and elements created, prepared or delivered by such parties
                in
                connection therewith) (A) are and shall constitute works made for
                hire
                specially ordered or commissioned by CCS within the meaning of United
                States' copyright law or (B) have been duly assigned to CCS in writing,
                except to the extent that any failure to constitute a works made
                for hire
                or to assign any such work would not, either individually or in the
                aggregate, have a FUTURETECH Material Adverse Effect;
                

            

    

     

    
      	
            	(vi)	
              Section
                3.1.H(vi) of the Disclosure Schedule sets forth, for all OptiCon
                Intellectual Property

            

    

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    Rights,
      a
      complete and accurate list of all United States and foreign (a) Patents; (b)
      Trademarks (including Internet domain registrations and unregistered
      Trademarks); and (c) Copyrights (including unregistered copyrights) indicating
      for each, the applicable jurisdiction, registration number (or application
      number), and date issued (or date filed); 

     

    
      	
            	(vii)	
              To
                the knowledge of CCS, Section 3.1.H(vii) of the Disclosure Schedule
                sets
                forth a complete and accurate list of all license agreements granting
                any
                right to use or practice any rights under any OptiCon Intellectual
                Property Rights, whether CCS is the licensee or licensor thereunder
                (except for shrink-wrap licenses for off-the-shelf software used
                by CCS
                and other licensees identified in Section 3.1.I of the Disclosure
                Schedule) and any assignments, consents, term, forbearances to sue,
                judgments, orders, settlements or similar obligations relating to
                any
                OptiCon Intellectual Property Rights to which CCS is a party or otherwise
                bound (collectively, the License Agreements), indicating for each
                the
                title, the parties, date executed, whether or not it is exclusive
                and the
                Intellectual Property Rights covered thereby. The License Agreements
                are
                valid and binding obligations of CCS, enforceable in accordance with
                their
                terms, and there exists no event or condition, which will result
                in a
                violation or breach of, or constitute (with or without due notice
                or lapse
                of time or both) a default by CCS under any such License Agreement;
                

            

    

     

    
      	
            	(viii)	
              All
                Trademarks of CCS that constitute OptiCon Intellectual Property Rights
                have been in continuous use by CCS. To the knowledge of CCS, except
                as set
                forth in Section 3.1.H(viii) of the Disclosure Schedule, there has
                been no
                prior use of such Trademarks by any third party which would confer
                upon
                said third party superior rights in such Trademarks; and
                

            

    

     

    
      	
            	(ix)	
              As
                used herein, the term Intellectual Property Rights shall mean all
                intellectual property rights worldwide, including, without limitation,
                trademarks, service marks, trade names, service names, URLs and Internet
                domain names and applications therefore (and all interest therein),
                designs, slogans and general intangibles of like nature, together
                with all
                goodwill related to the foregoing (including any registrations and
                applications for any of the foregoing) (collectively, Trademarks);
                patents
                (including any registrations, continuations, continuations in part,
                renewals and applications for any of the foregoing) (collectively,
                Patents); copyrights (including any registrations, applications and
                renewals for any of the foregoing (collectively, Copyrights); computer
                programs and other computer software (including, but not limited
                to the
                software); databases; technology, trade secrets and other confidential
                information, know-how, proprietary technology, processes, formulae,
                algorithms, models, user interfaces, customer lists, inventions,
                source
                codes and object codes and methodologies, architecture, structure,
                display
                screens, layouts, development tools, instructions, templates, marketing
                materials, inventions, trade dress, logos and designs, software and
                data
                loaded on any acquired asset, and all documentation and media
                constituting, describing or relating to the foregoing (collectively,
                Trade
                Secrets). 

            

    

     

    
      	 	
              I.

            	
              Software.
                

            

    

     

    
      	
            	(i)	
              Section
                3.1.I of the Disclosure Schedule sets forth a true and complete list
                of
                all material software programs and applications licensed by CCS from
                any
                third party and used by CCS in the operation of OptiCon (the Licensed
                Software). 

            

    

     

    
      	
            	(ii)	
              The
                Licensed Software is validly held and used by CCS, as applicable,
                and may
                be used by CCS pursuant to the applicable license agreement with
                respect
                thereto without the consent of or notice to any third party. Each
                of the
                license agreements relating to the Licensed Software are valid and
                binding
                obligations, enforceable in accordance with their terms, and there
                exists
                no event or condition which will result in a violation or breach
                of, or
                constitute (with or without due notice or lapse of time or both)
                a default
                by CCS or the licensor under any such license agreement.
                

            

    

     

    
      	 	
              J.

            	
              [Intentionally
                omitted] 

            

    

     

    
      	 	
              K.

            	
              No
                Defaults. Except as set forth in Section 3.1.K of the Disclosure
                Schedule,
                CCS has in all

            

    

    

    
      
        
           

        

        
          -9-

          
            

          

        

        
           

        

      

    

     

    material
      respects performed all of the obligations required to be performed by it to
      date
      and is not in default or alleged to be in default under (i) its Certificate
      of
      Incorporation or by-laws, (ii) the Assumed Contracts or (iii) any other material
      agreement, lease, license, contract, commitment, instrument or obligation
      relating to OptiCon to which it is a party or by which any of the Acquired
      Assets are or may be bound or affected, and there exists no event, condition
      or
      occurrence which, with or without due notice or lapse of time, or both, would
      constitute such a default or alleged default by it of any of the foregoing.
      

     

    
      	 	
              L.

            	
              Litigation,
                Etc. Except as set forth in Section 3.1.L of the Disclosure Schedule,
                there are no (i) actions, suits, claims, investigations or legal
                or
                administrative or arbitration proceedings (collectively, Actions)
                pending
                or threatened against CCS relating in any manner to, or arising out
                of the
                operation of, OptiCon, nor is there any basis therefore, whether
                at law or
                in equity, or before or by any Federal, state, municipal, foreign
                or other
                governmental court, department, commission, board, bureau, agency
                or
                instrumentality (Governmental Authority), (ii) judgments, decrees,
                injunctions or orders of any Governmental Authority or arbitrator
                against
                CCS relating in any manner to, or arising out of the operation of
                OptiCon,
                or (iii) disputes with customers or vendors of OptiCon. Except as
                set
                forth in Section 3.1.L of the Disclosure Schedule, there are no Actions
                pending or threatened, nor is there any basis therefore, with respect
                to
                (A) any of the Acquired Assets or Assumed Liabilities, (B) the employment
                by, or association with, OptiCon, of any of the present officers
                or
                employees of or consultants to CCS (collectively, the Designated
                Persons),
                or (C) the use, in connection with OptiCon, of any information, techniques
                or processes presently utilized or proposed to be utilized by CCS
                or any
                of the Designated Persons, that OptiCon or any of the Designated
                Persons
                are or would be prohibited from using as the result of a violation
                or
                breach of, or conflict with any agreements or arrangements between
                any
                Designated Person and any other person, or any legal considerations
                applicable to unfair competition, trade secrets or confidential or
                proprietary information. CCS has delivered to FUTURETECH all material
                documents and correspondence relating to such matters referred to
                in
                Section 3.1.L of Disclosure Schedule (including, in the case of clause
                (iii) of the first sentence of this Section 3.1.L, any correspondence
                evidencing material customer dissatisfaction with CCS or its products
                or
                services). 

            

    

     

    
      	 	
              M.

            	
              Compliance;
                Governmental Authorizations and Consents.

            

    

     

    
      	
            	(i)	
              Except
                as set forth in Section 3.1.M of the Disclosure Schedule, CCS has
                complied
                and is presently in compliance in all material respects with all
                Federal,
                state, local or foreign laws, ordinances, regulations and orders
                applicable to the operation of OptiCon (including, without limitation,
                laws, ordinances, regulations and orders applicable to labor, employment
                and employment practices, terms and conditions of employment and
                wages and
                hours); 

            

    

     

    
      	
            	(ii)	
              CCS
                has all Federal, state, local and foreign governmental licenses,
                consents,
                approvals, authorizations, permits, orders, decrees and other compliance
                agreements necessary in the conduct of OptiCon as presently conducted
                or
                as proposed to be conducted, such licenses, consents, approvals,
                authorizations, permits, orders, decrees and other compliance agreements
                are in full force and effect, no violations are or have been recorded
                in
                respect of any thereof and no proceeding is pending or, to the knowledge
                of CCS, threatened to revoke or limit any thereof, except to the
                extent
                that the failure to have any such license, consent, approval,
                authorization, permit, order, decree or other compliance agreement,
                to
                maintain the same in full force and effect or to be in compliance
                therewith would not, either individually or in the aggregate, have
                a
                FUTURETECH Material Adverse Effect; and

            

    

     

    
      	
            	(iii)	
              Section
                3.1.M of the Disclosure Schedule contains a true and complete list
                of all
                such governmental licenses, consents, approvals, authorizations,
                permits,
                orders, decrees and other compliance agreements relating in any manner
                to,
                or used in the operation of OptiCon under which CCS is operating
                or bound,
                CCS is not in default or alleged to be in default under any thereof
                and
                CCS has furnished to FUTURETECH true and complete copies thereof.
                None of
                such licenses, consents, approvals, authorizations, permits, orders,
                decrees and other compliance agreements shall be affected in any
                material
                respect by the transactions contemplated hereby or by any of the
                Related
                Agreements. 

            

    

    

    
      
        
           

        

        
          -10-

          
            

          

        

        
           

        

      

    

     

    
      	
            	N.	
              Environmental
                Matters. 

            

    

     

    
      	
            	(i)	
              To
                the knowledge of CCS, CCS has complied with and is in compliance
                with all
                Federal, state, local and foreign laws, statutes (civil and criminal),
                common laws, ordinances, codes, regulations, rules, notices, permits,
                judgments, requirements, standards, guidelines, judicial and
                administrative orders and decrees applicable to it and its properties,
                assets, operations and businesses relating to pollution, worker and
                public
                health and safety, and/or environmental protection (collectively
                Environmental Laws), including without limitation Environmental Laws
                relating to air, water, land and the generation, release, storage,
                use,
                handling, transportation, treatment, discharge, disposal or other
                handling
                of Wastes, Hazardous Wastes and Hazardous Substances (as such terms
                are
                currently defined in any applicable Environmental Law);
                

            

    

     

    
      	
            	(ii)	
              To
                the knowledge of CCS, CCS has obtained and adhered to all necessary
                material permits and other approvals necessary to treat, transport,
                store,
                dispose of and otherwise handle Wastes, Hazardous Wastes and Hazardous
                Substances and has reported, to the extent required by all Environmental
                Laws, all past and present sites owned and operated by CCS where
                Hazardous
                Wastes or Hazardous Substances have been treated, stored, disposed
                of or
                otherwise handled; 

            

    

     

    
      	
            	(iii)	
              To
                the knowledge of CCS, there have been no emissions, spills, discharges,
                releases or threats of releases (as defined in Environmental Laws)
                at,
                from, in or on any property owned, leased or operated by CCS except
                as
                permitted by Environmental Laws; 

            

    

     

    
      	
            	(iv)	
              To
                the knowledge of CCS, CCS has not transported or disposed of Wastes,
                Hazardous Wastes and/or Hazardous Substances or arranged for the
                transportation of Hazardous Wastes and Hazardous Substances to any
                on-site
                or off-site location, which site is the subject of any Federal, state,
                local or foreign enforcement action or any other investigation which
                could
                lead to any claim against CCS, or FUTURETECH for any clean-up cost,
                remedial work, damage to natural resources or personal injury, including
                without limitation any claim under the Comprehensive Environmental
                Response, Compensation and Liability Act of 1980, as amended (CERCLA);
                and
                

            

    

     

    
      	
            	(v)	
              To
                the knowledge of CCS, CCS does not or will not have any liability
                in
                connection with any release of any Hazardous Waste or Hazardous Substance
                into the environment,. 

            

    

     

    For
      purposes hereof, the term Environmental Laws includes, without limitation,
      the
      Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C.
      (S) 9601 et seq., the Resource Conservation and Recovery Act, 42 U.S.C. (S)
      6901
      et seq., the Federal Water Pollution Control Act, 33 U.S.C. (S) 1251 et seq.,
      the Clean Air Act, 42 U.S.C. (S)1857 et seq., the Occupational Safety and Health
      Act of 1970, 29 U.S.C. (S) 651 et seq., and the Toxic Substances Control Act,
      15
      U.S.C. (S) 2601 et seq.  

     

    
      	
            	O	
              [Intentionally
                Omitted]. 

            

    

     

    
      	 	
              P

            	
              Brokers.
                CCS has not, nor have any of its officers, directors, security holders
                or
                employees, employed any broker or finder or incurred any liability
                for any
                brokerage fees, commissions or finders' fees in connection with the
                transactions contemplated hereby. 

            

    

     

    
      	 	
              Q

            	
              Customers.
                Section 3.1.R of the Disclosure Schedule sets forth a true and complete
                list of at least the twenty (20) largest revenue producing customers
                of
                CCS (taking into account only the revenues from OptiCon) during the
                period
                from January 1, 2004 to the date hereof.

            

    

     

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

     

    ARTICLE
      IV

     

    RELATED
      AGREEMENTS 

    

    On
      or
      prior to the Closing Date, the following agreements (such agreements, together
      with the Bill of Sale, Assignment and Assumption Agreement, Trademark Assignment
      and Other Assignments being herein collectively referred to as the Related
      Agreements) are being executed and delivered by the respective parties thereto:
      

     

    ARTICLE
      V

     

    CONDITIONS
      PRECEDENT 

    

    
      	5.1	
              Conditions
                to Each Party's Obligations. The obligations of each party to perform
                this
                Agreement and to consummate the transactions contemplated hereby
                are
                subject to the satisfaction of the following conditions unless waived
                (to
                the extent such conditions can be waived) by all parties hereto:
                

            

    

     

    
      	 	
              A.

            	
              Approvals.
                All authorizations, consents, orders or approvals of, or declarations
                or
                filings with or expiration of waiting periods imposed by any Governmental
                Authority necessary for the consummation of the transactions contemplated
                hereby shall have been obtained or made or shall have occurred.
                

            

    

     

    
      	 	
              B.

            	
              Legal
                Action. No temporary restraining order, preliminary injunction or
                permanent injunction or other order preventing the consummation of
                the
                transactions contemplated hereby shall have been issued by any Federal
                or
                state court or other Governmental Authority and remain in effect.
                

            

    

     

    
      	 	
              C.

            	
              Legislation.
                No Federal, state, local or foreign statute, rule or regulation shall
                have
                been enacted which prohibits, restricts or delays the consummation
                of the
                transactions contemplated by this Agreement or any of the conditions
                to
                the consummation of such transactions.

            

    

     

    SECTION
      6

     

    INDEMNIFICATION

     

    
      	6.1	
              Indemnity
                by CCS
                -
                CCS
                shall defend, indemnify and hold FUTURETECH, its officers, directors,
                employees, subsidiaries and Affiliates harmless from and against
                all
                Losses arising out of or resulting
                from:

            

    

     

    (a)
      any
      breach of the representations and warranties made by CCS in or pursuant to
      this
      Agreement or the failure of such representations and warranties to be true
      and
      correct; 

     

    (b)
      any
      failure by CCS to carry out, perform, satisfy and discharge any of their
      covenants, agreements, undertakings, liabilities or obligations under this
      Agreement or under any of the documents delivered by any CCS pursuant to this
      Agreement;

     

    (c)
      any
      liability imposed on FUTURETECH arising out of any CCS failure to comply with
      any applicable bulk sales or bulk transfer laws; 

     

    
      	6.2	
              Indemnity
                by FUTURETECH
                -
                FUTURETECH
                will indemnify and hold CCS harmless from and against all Losses
                arising
                out of or resulting from:

            

    

     

    (a)
      any
      breach of any representations and warranties made by FUTURETECH in or pursuant
      to this Agreement or the failure of such representations and warranties to
      be
      true and correct;

     

    (b)
      any
      failure by FUTURETECH to carry out, perform, satisfy and discharge any of its
      covenants, agreements, undertakings or obligations under this Agreement; and
      

    
      
         

      

      
        -12-

        
          

        

      

      
         

      

    

    
      	6.3	
              Notice
                of Claim
                -
                The
                indemnified party shall promptly notify the indemnifying party in
                writing
                in reasonable detail of any claim, demand, action or proceeding for
                which
                indemnification will be sought under this Section 6. If such claim,
                demand, action or proceeding is a third party claim, demand, action
                or
                proceeding (a “Third Party Claim”), the indemnifying party will have the
                right at its expense to assume the defense thereof using counsel
                reasonably acceptable to the indemnified party or the indemnifying
                party.
                The indemnified party shall have the right to participate, at its
                own
                expense, with respect to any such Third Party Claim. In connection
                with
                any such Third Party Claim, the parties shall cooperate with each
                other
                and provide each other with access to relevant books and records
                in their
                possession. No such Third Party Claim shall be settled without the
                prior
                written consent of the indemnified party. If a firm written agreement
                is
                made by, or with the approval of the indemnifying party to settle
                any such
                Third Party Claim and the indemnified party unreasonably refuses
                to
                consent to such settlement, then: (a) the indemnifying party shall
                be
                excused from, and the indemnified party shall be solely responsible
                for,
                all further defense of such Third Party Claim; (b) the maximum liability
                of the indemnifying party relating to such Third Party Claim shall
                be the
                amount of the proposed settlement if the amount thereafter recovered
                from
                the indemnified party on such Third Party Claim is greater than the
                amount
                of the proposed settlement; and (c) the indemnified party shall pay
                all
                attorneys’ fees and legal costs and expenses incurred after rejection of
                such settlement by the indemnified
                party.

            

    

     

    
      	6.4	
              Termination
                of Indemnification

            

    

     

    (a)    As
      to
      FUTURETECH.
      The
      right of FUTURETECH to be indemnified under this Section 6 shall
      survive:

     

    (i)    as
      to
      matters described in Section 6.1(a), 6.1(b) and 6.1(c) (to the extent the suit,
      action or proceeding applies to the foregoing sections), until 12 months
      following the Closing Date;

     

    (ii)    as
      to
      matters described in Section 6.1(e), until the termination of the
      applicable statute of limitations (including any waivers or extensions thereof
      agreed to by FUTURETECH).

     

    (a)    As
      to
      CCS.
      The
      right of any CCS to be indemnified under this Section 6 shall survive until
      24
      months following the Closing Date, except for those matters described in Section
      6.2(c), which shall survive until the termination of the applicable statute
      of
      limitations (including any waivers of extensions thereof agreed to by
      CCS).

     

    (b)    Exceptions.
      Notwithstanding subsections (a) and hereof:

     

    (i)    any
      indemnity claim based on fraudulent misrepresentations or fraudulent material
      omission or fraudulent breach of warranty shall survive without any time
      limitations; and

     

    (ii)    any
      indemnity claim based on any matter which has been described in a notice to
      an
      indemnifying party pursuant to Section 6.3 of this Agreement prior to the
      expiration of the applicable time limitation set forth in subsections (a) and
      (b) above shall survive until the claim is finally resolved.

     

    
      	6.5	
              Claims
                Net of Insurance and Tax
                Benefits

            

    

     

    The
      amount which CCS is required to pay to, for, or on behalf of the FUTURETECH
      pursuant to this Section 6 shall be reduced (including, without limitation,
      retroactively) by any insurance proceeds actually recovered or tax benefit
      actually received by or on behalf of the FUTURETECH in reduction of the related
      indemnifiable loss. Amounts required to be paid, as so reduced, are hereinafter
      sometimes called an “Indemnity
      Payment”.
      If the
      FUTURETECH shall have received, or if the CCS shall have paid on its behalf,
      an
      indemnity payment in respect of an indemnifiable loss and shall subsequently
      receive, directly or indirectly, insurance proceeds (which duplicate in whole
      or
      in part, amounts paid by CCS) or a tax benefit in respect of such indemnifiable
      loss, then the FUTURETECH shall promptly pay to CCS the amount of such insurance
      proceeds or tax benefit, or, if less, the amount of the Indemnity
      Payment.

     

    
      
         

      

      
        -13-

        
          

        

      

      
         

      

    

    

    
      	6.6	
              Exclusive
                Remedy

            

    

    

    Except
      in
      cases of fraud or where a party is entitled to an equitable remedy,
      indemnification pursuant to this Section 6 shall be the exclusive remedy of
      the
      parties for any losses. The only legal action which may be asserted by any
      party
      hereto against the other party with respect to any matter which is the subject
      of this Agreement shall be a contract action to enforce, or to recover damages
      for a breach of this Section 6.

     

    ARTICLE
      VII

    

    NON-COMPETITION

    

    
      	7.1	
              In
                order to induce FUTURETECH to enter into this Agreement and to consummate
                the transactions contemplated hereby, CCS hereby covenant as follows,
                which covenants shall be in addition and without prejudice to any
                other
                noncompetition, nonsolicitation and/or similar covenants to which
                CCS may
                be subject from time to time:

            

    

     

    
      	 	
              A.

            	
              Covenant
                Not to Compete. 
                CCS
                agree that, for a period of three (3) years after the Closing Date
                (the
                “Restricted Period”), except as provided below, none of them nor any of
                their subsidiaries or Affiliates (whether or not presently existing)
                (each
                a “Restricted Party”) shall compete, directly or indirectly, with
                FUTURETECH in its conduct of the OptiCon Business; provided, however
                that
                nothing described herein shall prevent CCS from (i) selling products
                pursuant to the Reseller Agreement or (ii) providing any service
                to its
                customers other that those services directly related to OptiCon.
                

            

    

     

    
      	 	
              B.

            	
              Restriction
                on Solicitation of Employees. 
                During the Restricted Period, neither CCS nor any of their Affiliates
                shall directly or indirectly recruit, solicit, induce, or attempt
                to
                induce any of the employees or independent contractors of OptiCon
                or any
                of their Affiliates to terminate their employment or contractual
                relationship with the other party or any such Affiliate; and neither
                CCS
                nor any of their Affiliates shall assist any other Person to do so,
                or be
                a proprietor, equityholder, investor (except as an investor holding
                not
                more than 1% of the capital stock or other securities of a publicly
                held
                company), lender, partner, director, officer, employee, consultant
                or
                representative of any Person who does or attempts to do so. However,
                the
                foregoing covenant of non-solicitation shall not be violated by CCS’ or
                their Affiliates’, use of employment advertisements placed in general or
                mass media publications.

            

    

     

    
      	 	
              C.

            	
              Restrictions
                on Solicitations of Customers.
                During the Restricted Period, neither CCS nor any of their Affiliates
                shall directly or indirectly solicit, divert, take away, or attempt
                to
                divert or take away, from FUTURETECH or any of its Affiliates, any
                of the
                business or patronage of its customers, clients, accounts, vendors
                or
                suppliers, and neither CCS nor any of their Affiliates shall assist
                any
                other Person to do so, or be a proprietor, equityholder, investor
                (except
                as an investor holding not more than 1% of the capital stock or other
                securities of a publicly held company), lender, partner, director,
                officer, employee, consultant or representative of any Person who
                does or
                attempts to do so. 

            

    

     

    
      	 	
              D.

            	
              Equitable
                Relief. 
                CCS
                hereby acknowledge that any breach by any of them of their obligations
                under this Article VII would cause substantial and irreparable damage
                to
                FUTURETECH and its Affiliates; and that money damages would be an
                inadequate remedy therefore, and accordingly, acknowledge and agree
                that
                the other party or any Affiliate shall be entitled to an injunction,
                specific performance, and/or other equitable relief to prevent the
                breach
                of such obligations (in addition to all other rights and remedies
                to which
                such party may be entitled in respect of any such
                breach).

            

    

     

    
      
         

      

      
        -14-

        
          

        

      

      
         

      

    

     

    
      	 	
              E.

            	
              Enforceability. 
                In the event that a court of competent jurisdiction determines that
                any of
                the provisions of this Article VII would be unenforceable as written
                because they cover too extensive a geographic area, too broad a range
                of
                activities, or too long a period of time, or otherwise, then such
                provisions shall automatically be modified to cover the maximum geographic
                area, range of activities, and period of time as may be enforceable,
                and
                in addition, such court or arbitrators are hereby expressly authorized
                so
                to modify this Agreement and to enforce it as so modified. No invalidity
                or enforceability of any section of this Agreement or any portion
                thereof
                shall affect the validity or enforceability of any other section
                or of the
                remainder of such section.

            

    

     

    ARTICLE
      VIII

     

    MISCELLANEOUS
      

    

    
      	8.1	
              Expenses.
                As used in this Agreement, Transaction Costs shall mean, with respect
                to
                any party, all actual, out-of-pocket expenses incurred by such party
                to
                third parties, in connection with this Agreement and the Related
                Agreements and all other transactions provided for herein and therein.
                Each party hereto shall bear its own Transaction Costs in connection
                with
                the transactions contemplated by this Agreement.
                

            

    

     

    
      	8.2	
              Entire
                Agreement. This Agreement (including the Disclosure Schedule and
                the
                Exhibits attached hereto), the Related Agreements and the other writings
                referred to herein contain the entire agreement among the parties
                hereto
                with respect to the transactions contemplated hereby and supersede
                all
                prior agreements or understandings, written or oral, among the parties
                with respect thereto. 

            

    

     

    
      	8.3	
              Interpretation.
                Descriptive headings are for convenience only and shall not control
                or
                affect the meaning or construction of any provision of this Agreement.
                The
                words include, includes and including when used herein shall be deemed
                in
                each case to be followed by the words without limitation. The word
                herein
                and similar references mean, except where a specific Section or Article
                reference is expressly indicated, the entire Agreement rather than
                any
                specific Section or Article. The table of contents and the headings
                contained in this Agreement are for reference purposes only and shall
                not
                affect in any way the meaning or interpretation of this Agreement.
                

            

    

     

    
      	8.4	
              Notices.
                All notices or other communications which are required or permitted
                hereunder shall be in writing and sufficient if delivered personally
                or
                sent by nationally-recognized overnight courier or by registered
                or
                certified mail, postage prepaid, return receipt requested, or by
                electronic mail with a copy thereof to be delivered by mail (as aforesaid)
                within 24 hours of such electronic mail, or by facsimile, with
                confirmation as provided above addressed as follows:
                

            

    

     

    (i)
      if to
      FUTURETECH , to: 

    

    FUTURETECH
      INC.

    33
      S.
      Commercial St. 

    Manchester,
      NH 03101

    Attention:
      Chief Executive Officer Facsimile: (603) 232-2460 with a copy to (which shall
      not constitute notice): 

    

    Glenn
      E.
      Goldberg, Esq.

    Goldberg
      Law Group, P.A.

    133
      First
      Street North 

    Suite
      2

    St.
      Petersburg, Florida 33701

    Telephone:  
      727/898-5200 

    Telefax:        
      866/323-6096 

    E-mail:          
      geglaw@aol.com

     

    
      
         

      

      
        -15-

        
          

        

      

      
         

      

    

    

    (ii)
      if
      to CCS, to: 

    

    Corning
      Cable Systems LLC

    800
      17th
      Street
      NW

    Hickory,
      NC 28601

    Attention:
      Legal Counsel

    Fax:
      828-901-5206

    

    with
      a
      copy to (which shall not constitute notice):

     

     

    or
      to
      such other address as the party to whom notice is to be given may have furnished
      to the other party in writing in accordance herewith. All such notices or
      communications shall be deemed to be received (a) in the case of personal
      delivery, on the date of such delivery, (b) in the case of nationally-recognized
      overnight courier, on the next business day after the date when sent, (c) in
      the
      case of facsimile transmission or electronic mail, upon confirmed receipt,
      and
      (d) in the case of mailing, on the third business day following the date on
      which the piece of mail containing such communication was posted. 

     

    
      	8.6	
              Counterparts.
                This Agreement may be executed in any number of counterparts by original
                or facsimile signature, each such counterpart shall be an original
                instrument, and all such counterparts together shall constitute one
                and
                the same agreement. 

            

    

     

    
      	8.7	
              Governing
                Law; Venue. This Agreement shall be governed by and construed in
                accordance with the laws of the State of Delaware without reference
                to its
                conflicts of laws provisions. The parties irrevocably and unconditionally
                submit to the exclusive jurisdiction of the federal courts sitting
                in
                Delaware over any suit, action or proceeding arising out of or relating
                to
                this Agreement or any Related Agreement. The parties irrevocably
                and
                unconditionally waive any objection to the laying of venue of any
                such
                suit, action or proceeding brought in such court and any claim that
                any
                such suit, action or proceeding brought in such court has been brought
                in
                an inconvenient forum. The parties agree that a final judgment in
                any such
                suit, action or proceeding brought in such court shall be conclusive
                and
                binding upon the parties and may be enforced in any other courts
                to whose
                jurisdiction other parties are or may be subject, by suit upon such
                judgment. 

            

    

     

    
      	8.8	
              Benefits
                of Agreement. All the terms and provisions of this Agreement shall
                be
                binding upon and inure to the benefit of the parties hereto and their
                respective successors and permitted assigns. This Agreement shall
                not be
                assignable by any party hereto without the consent of the other parties
                hereto; provided, however, that anything contained herein to the
                contrary
                notwithstanding, each of FUTURETECH may assign and delegate any or
                all of
                its respective rights and obligations hereunder to any other direct
                or
                indirect wholly-owned subsidiary of FUTURETECH; provided further,
                however,
                that any of the rights granted to and obligations of FUTURETECH under
                this
                Agreement (other than the payment of the Purchase Price) may also
                be
                exercised or performed by any entity controlled by or under common
                control
                with FUTURETECH (each, an FUTURETECH Affiliate); provided that such
                FUTURETECH Affiliate agrees to be bound by all of the applicable
                provisions hereof governing such exercise or performance and that
                CCS
                promptly receives written notice of any such exercise or performance.
                

            

    

     

    
      	8.9	
              Pronouns.
                As used herein, all pronouns shall include the masculine, feminine,
                neuter, singular and plural thereof whenever the context and facts
                require
                such construction. 

            

    

     

    
      	8.10	
              Amendment,
                Modification and Waiver. This Agreement shall not be altered or otherwise
                amended except pursuant to an instrument in writing signed by FUTURETECH,
                and CCS; provided, however, that any party to this Agreement may
                waive in
                writing any obligation owed to it by any other party under this Agreement.
                The waiver by any party hereto of a breach of any provision of this
                Agreement shall not operate or be construed as a waiver of any subsequent
                breach. 

            

    

     

    
      
         

      

      
        -16-

        
          

        

      

      
         

      

    

     

    
      	8.11	
              No
                Third Party Beneficiaries. Nothing express or implied in this Agreement
                is
                intended to confer, nor shall anything herein confer, upon any person
                other than the parties and the respective successors or assigns of
                the
                parties, any rights, remedies, obligations or liabilities whatsoever,
                except to the extent that such third person is an Indemnified Person
                or
                Indemnifying Person in respect of the indemnification provided in
                accordance with Article VII of this Agreement.

            

    

     

    
      	8.12	
              Consents.
                Except as otherwise expressly provided in this Agreement, any consent
                or
                approval of FUTURETECH requested or permitted hereunder may be given
                or
                withheld in FUTURETECH's sole discretion, provided that, such consent
                or
                approval shall not be unreasonably withheld.

            

    

     

    
      	8.13	
              Interpretation.
                This Agreement has been negotiated between the parties and will not
                be
                deemed to be drafted by, or the product of, any party. As such, this
                Agreement will not be interpreted in favor of, or against, any party.
                

            

    

     

    
      	8.14	
              No
                Joint Venture. No party hereto shall make any warranties or
                representations, or assume or create any obligations, on the other
                party's
                behalf except as may be expressly permitted hereunder or in writing
                by
                such other party. Each party hereto shall be solely responsible for
                the
                actions of all its respective employees, agents and representatives.
                

            

    

     

    
      	8.15	
              Specific
                Performance. The transactions contemplated by this Agreement are
                unique
                transactions and any failure on the part of CCS to complete the
                transactions contemplated by this Agreement or any of the Related
                Agreements on the terms of this Agreement or any of the Related Agreements
                will not be fully compensable in damages and the breach or threatened
                breach of the provisions of this Agreement or any of the Related
                Agreements would cause FUTURETECH irreparable harm. Accordingly,
                in
                addition to and not in limitation of any other remedies available
                to
                FUTURETECH for a breach or threatened breach of this Agreement or
                any of
                the Related Agreements, FUTURETECH will be entitled to specific
                performance of this Agreement or any of the Related Agreements upon
                any
                breach by CCS, and to an injunction restraining any such party from
                such
                breach or threatened breach. 

            

      
        
           

        

        
          -17-

          
            

          

        

        
           

        

      

    IN
      WITNESS WHEREOF, each of the parties hereto has caused this Asset Purchase
      Agreement to be executed on its behalf as of the day and year first above
      written. 

    

    

    
      	FUTURETECH
              INC.
	 
	
              By:
                /s/ Derek Haake
                
                

              

              Name:
                

              Derek
                Haake

              CTO
                FUTURETECH, Inc.

            
	Title:
              CTO

    

    

     

    
      	CORNING
              CABLE SYSTEMS LLC 
	 
	
              By:
                /s/ [illegible]
                
                

              

               

              Name:
                Vice President Global Product
                
                

              

              Management,
                H&E

            
	Title:

    

    

    

    [SIGNATURE
      PAGE TO ASSET PURCHASE AGREEMENT] 

    
      
         

      

      
        -18-

        
          

        

      

      
         

      

    

     

    Bill
      of Sale

    

    THIS
      BILL OF SALE,
      dated
      July 29,2005, by Futuretech Inc. a Delaware corporation (“Seller”)
      provides:

    

    Capitalized
      terms not herein defined shall have the meaning assigned to them in the Ssset
      Purchase Agreement (the Purchase Agreement), Dated July 29, 2005, by and among
      Seller and Opticon Systems Inc. (“Buyer”)
      a
      Nevada corporation.

    

    Pursuant
      to the Pruchase Agreement and in consideration thereof, as well as other good
      and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, Seller does hereby sell, convey, transfer assign and deliver
      to
      Buyer possession and valid and marketable title, free and clear of all liens,
      encumbrances, rights or claims of any nature whatsoever of the Acquired
      Assets.

    

    TO
      HAVE AND TO HOLD ALL the
      property hereby transferred to Buyer ans its successors and assigns
      forever.

    

    Seller,
      by this Bill of Sales, covenants with the Buyer that the Seller will perform
      such further acts and execute and deliver such further bills of sale,
      assignments, transfers, conveyances, powers of attorney, consents, assurances
      and other documents and instruments as Buyer may reasonably request to vest
      in
      Buyer, and protect Buyer’s right, title and interest in, and enjoyment of, the
      Purchased Assets transferred to Buyer hereby.

    

    IN
      WITNESS WHEREOF, Seller
      has duly executed this Bill of Sale as of the day and year first above
      written.

    

    Futuretech
      Capital LLC

    

    

    BY:
      ____________________________

    

    Title:
      ___________________________

    

    
      
         

      

      
        -19-

        
          

        

      

      
         

      

    

    ASSIGNMENT
      OF INTELLECTUAL PROPERTY RIGHTS

    

    Futuretech
      Inc., a Delaware corporation (“Assignor”) and Opticon Systems Inc, a Nevada
      corporation (“Assignee”) are parties to an Asset Purchase Agreement (“Asset
      Purchase Agreement”) of even date herewith. Terms used herein and not otherwise
      defined shall only have the meaning ascribed to them in the Asset Purchase
      Agreement. Assignor owns the right , title and interest in the Intellectual
      Proprety Rights as described in the Asset Purchase Agreement. 

    

    WHEREAS,
      Assignee is desirous of acquiring Assignor’s entire right, title, and interest
      in and to the Intellectual Property Rights;

    

    NOW,
      THEREFORE, in consideration pf one Dollar($1.00) and other good and sufficient
      consideration, the receipt of which is hereby acknowledged, the Assignor hereby
      sells, assigns, transfers, and sets over, unto the Assignee, its successors,
      legal representatives, and assigns Assignor’s entire right, title and interest
      in and to the Intellectual Property Rights, the same to be held and enjoyed
      by
      the Assignee, for its own use and behalf and the use and behalf of its
      successors, legal representatives, and assigns, as fully and entirely as the
      same would have been held and enjoyed by the Assignor had this sale not been
      made;

    

    Assignor
      hereby covenants and warrants to the assignee, its successors, legal
      representatives, and assigns, that, at the time of the execution and delivery
      of
      this Assignment, the Assignor has the lawful authority to sell and convey the
      same in the manner herein set forth; and

    

    Assignor
      further covenants and agrees to assist the Assignee, its successors, legal
      representatives, and assigns to sign all papers and documents, take all lawful
      oaths, and do all acts necessary or required to be done to perfect and record
      the assignment contemplated herein and to assist Assignee with the procurement,
      maintenance, enforcement and defense of the Intellectual Property without charge
      to the Assignee, its successors, legal representatives, and
      assigns.

    

    
      	 	
              Futuretech
                Inc.

            
	 	 
	 	 
	
              Date:
                July 19, 2005

            	
              By:
                __________________

            

    

    

    
      
         

      

      
        -20-

        
          

        

      

      
         

      

    

    TRADEMARK
      ASSIGNMENT

    

    The
      Trademark assignment effective as of this 29 day of July 2005 is made between
      Futuretech Inc. a Delaware corporation incorporated under the laws of Delaware
      (“Seller”)
      and
      Opticon Systems Inc. a Nevada Corporation (“Purchaser”).

    

    
      	 	
              1.

            	
              Subject
                to the terms and conditions of this agreement, the seller assigns,
                transfers and conveys to the Purchaser, and the Purchaser hereby
                agrees to
                purchase the trademark, all applications for such trademark and all
                user
                rights in respect of the as listed in Attachment
                1
                to
                this Agreement, including the goodwill associated therewidth
                (“Trademark”). For the avoidance of doubt, this agreement conveys no
                interest in the trademarks LANscape, SIECOR or
                CORNING.

            

    

    
      	 	
              2.

            	
              Seller
                agrees to assist Purchaser in registering the Trademark as well as
                recording the transfer of ownership in the United States Patent and
                Trademark Office and any other registers throughout the world which
                the
                Purchaser may identify to the Seller in its own discretion and Seller
                further promises to provide the required documents and make all necessary
                signatures to effect such recording, provided however, all costs
                and
                expenses for such applications and recordations shall be borne by
                the
                Purchaser.

            

    

    

    IN
      WITNESS WHEREOF, Seller has caused these presents to be executed by a duly
      authorized corporate officer.

    

    

    
      	 	
              Futuretech
                Capital LLC

            
	 	 
	 	 
	 	
              By
                _______________________

            
	 	
              Title
                ______________________

            

    

     

    
      
         

      

        -21-

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