Document:

Exhibit 10.24

                    TEAMING AGREEMENT: OASIS PRIME CONTRACTOR

THIS AGREEMENT is effective the 15th day of April, 2001

Between

OASIS TECHNOLOGY LTD. ("Oasis") whose principal place of business is at
90 Sheppard Avenue East, Toronto, Ontario  M2N 7B3, Canada.

And

Schimatic Cash Transactions Network.com, Inc. doing business as Smart Chip
Technologies, with its head office at 740 East 3900 South, Salt Lake City, UT,
USA 84107. ("SCTN")

WHEREAS

A.       The Bank of Nova Scotia ("the Client") has invited or is expected to
         invite Oasis to tender for an ePayment Solution ("the Project"); and

B.       Oasis proposes to submit a tender ("the Tender") in respect of the
         Project and wishes to have the Subcontractor collaborate with Oasis in
         preparing and submitting the Tender and, in the event that the Tender
         should be successful, perform the relevant part of the work in the
         resulting contract as a subcontractor to Oasis; and

C.       The Subcontractor wishes to act as provided in Recital B above

THEREFORE THE PARTIES AGREE AS FOLLOWS:

1.       The parties shall collaborate subject to the terms and conditions
         specified in the attachment hereto entitled "General Terms and
         Conditions for Tender Collaboration: Oasis Prime Contractor".

2.       The Subcontractor's proposed share of the work to be performed, the
         timetable therefor and other relevant matters shall be either as
         specified in the attachment hereto entitled "Statement of
         Subcontractor's Share of Work" or as agreed between the parties
         pursuant to Clause 4.4 of the "General Terms and Conditions for Tender
         Collaboration: Oasis Prime Contractor".

SCHIMATIC CASH TRANSACTIONS
NETWORK.COM, INC.                                    OASIS TECHNOLOGY LTD.

By: /s/ Richard Hauge                                By: /s/ Barry Bernstein
   --------------------------                           ------------------------
   Authorized Signature                                 Authorized Signature

Name: Richard Hauge                                  Name: Barry Bernstein
     ------------------------                             ----------------------
         Type or Print                                       Type or Print

Title: SVP Global Allliances                         Title: General Counsel
      -----------------------                              ---------------------
          Type or Print                                       Type or Print

Schimatic Cash Transaction Network.com, Inc.                        July 6, 2001
Solstice BNS-SCTN Teaming Agreement 010713                                Page 1
<PAGE>

GENERAL TERMS AND CONDITIONS FOR TENDER COLLABORATION

OASIS PRIME CONTRACTOR

1.       Definitions

1.1      "Agreement"       means the signature sheet, these General Terms and
                           Conditions for Tender Collaboration: Oasis Prime
                           Contractor, the Statement of Subcontractor's Share of
                           Work (if any) along with any variations which shall
                           have been agreed in writing between the parties.

1.2      "Client"          means the entity referred to as such in the signature
                           sheet.

1.3      "Confidential     means any document, material, idea, data or other
         Information"      information which relates to the research and
                           development, trade secrets or business affairs of
                           Oasis and its employees, clients, subsidiaries,
                           affiliates and agents supplied to the Subcontractor
                           pursuant to this Agreement and like information
                           provided to Oasis by the Subcontractor pursuant to
                           this Agreement (including, without limitation,
                           tangible or intangible code, data, technology,
                           algorithms, software programs, software source
                           documents, formulae, inventions--whether patentable
                           or not--and technical aspects or details of the
                           discloser's current, future and proposed services,
                           systems, techniques and products).

1.4      "Contract"        means the agreement that Oasis intends to enter into
                           with the Client in the event that the Tender is
                           successful.

1.5      "Oasis"           means the company referred to as such in the
                           signature sheet.

1.6      "Project"         means that project described and referred to as such
                           in the signature sheet.

1.7      "Subcontract"     means the agreement with respect to the Workshare
                           which the parties intend to enter into in the event
                           that the Tender should be successful and Oasis enters
                           into the Contract with the Client.

1.8      "Subcontractor"   means the entity referred to as such in the signature
                           sheet.

1.9      "Subcontractor's  means that proposal to be made by the Subcontractor
         Proposal"         to Oasis describing the Workshare, the contractual
                           terms applicable thereto, the price for the
                           Workshare, timescales for performance and proposal
                           validity.

1.10     "Tender"          means that proposal for the Project referred to in
                           the signature sheet which Oasis is to prepare
                           pursuant to this Agreement and submit to the Client.

                                                                     Page 1 of 7
<PAGE>

1.11     "Workshare"       means that part of the Project which will be
                           undertaken by the Subcontractor and which is either
                           described in the Statement of Subcontractor's Share
                           of Work or will be agreed between the parties
                           pursuant to Clause 4.4 herein.

2.       Relationship

2.1      It is the intent of the parties that in the event that the Tender is
         successful, Oasis shall become the prime contractor and will enter into
         the Contract with the Client.

2.2      In negotiating the Contract with the Client, Oasis shall if necessary,
         use all reasonable endeavours to obtain the Client's consent to Oasis
         entering the Subcontract on the basis of the Subcontractor's Proposal.

2.3      The relationship between Oasis and the Subcontractor shall be that of
         independent buyer and independent seller respectively, each in sole and
         full control of its business. No partnership shall be constituted
         between Oasis and the Subcontractor by virtue of this Agreement.
         Neither party has power by virtue of this Agreement to make, vary or
         release contractual obligations on behalf of the other party or to
         represent that a partnership has been constituted, or that it has any
         such power.

2.4      Neither party shall use other party's name or any trade, service or
         proprietary name, mark or logo of the other party for advertising or
         promotional purpose without first having obtained the other party's
         written approval.

2.5      Neither party shall represent itself as the agent of the other party.

3.       Costs

         Each party shall meet its own costs and expenses incurred in the
         preparation of the Subcontractor's Proposal and the Tender and in the
         negotiation of the Contract and the Subcontract.

4.       Subcontractor's Proposal and Preparation and Submission of Tender

4.1      Each party shall appoint a representative who shall be responsible for
         liaison between the parties on all matters concerning the
         Subcontractor's Proposal and the Tender and each such representative
         shall have authority to communicate binding decisions for the party he
         represents.

4.2      Oasis shall use all reasonable endeavours to keep the Subcontractor
         promptly and fully notified of all the relevant requirements of which
         the Subcontractor shall need to take account in preparing the
         Subcontractor's Proposal.

4.3      The contractual terms applicable to the Tender, to the extent agreed to
         by the Subcontractor, shall apply to the Subcontractor's Proposal
         mutatis mutandis (i.e. with the appropriate changes being made to
         reflect Oasis as the client and not the supplier).

4.4      The parties shall agree on:

         (a)      the Workshare;

         (b)      the form and timetable for submission of the Subcontractor's
                  Proposal; and

                                                                     Page 2 of 7
<PAGE>

         (c)      the basis on which the Subcontractor's Proposal will be priced
                  and its validity period,

         all of which shall take account of, among other things, experience of
         the Subcontractor in relation to work of the type to be proposed in the
         Tender, the timetable for submission of the Tender and the period of
         validity and the pricing basis which Oasis shall propose in the Tender.
         No pricing for the Workshare or for the licensing of the
         Subcontractor's software products is binding on the Subcontractor
         without the express written approval of the Subcontractor.

4.5      Where appropriate, Oasis may require the Subcontractor to submit draft
         sections of the Tender which relate to the Workshare.

4.6      The Subcontractor shall submit the Subcontractor's Proposal to Oasis on
         or before the agreed date therefor. The Subcontractor shall have
         responsibility for the accuracy and content of the Subcontractor's
         Proposal which shall have a period of validity not less than that
         agreed between the parties pursuant to Clause 4.4(c). If the
         Subcontractor's Proposal is not acceptable to Oasis, Oasis may reject
         it, notify the Subcontractor of the reason for rejection and request
         the submission of an amended and acceptable Subcontractor's Proposal.
         Following the submission of the Tender to the Client, the Subcontractor
         may not withdraw or amend the Subcontractor's Proposal without Oasis's
         approval prior to the end of the period of validity of the
         Subcontractor's Proposal.

4.7      Oasis shall have final responsibility for drafting the whole of the
         Tender, including that part relating to the Workshare. However, while
         Oasis may determine the form in which any of the Subcontractor's
         material is presented in the Tender, Oasis shall ensure that the
         factual content of material submitted by the Subcontractor is not
         altered in any significant way.

4.8      Oasis shall give the Subcontractor a reasonable opportunity to examine
         those parts of the Tender relating to the Workshare before submission
         of the Tender to the Client. Oasis shall not submit the Tender to the
         Client until such time as the Subcontractor has either given its
         consent to those parts of the Tender relating to the Workshare or the
         parties have agreed a revised version in accordance with Clause 4.9.

4.9      If the Subcontractor in its absolute discretion considers that any part
         of the Tender relating to the Workshare is not a true reflection of the
         Subcontractor's original contribution then the Subcontractor shall
         forthwith inform Oasis of its objection whereupon the parties shall in
         good faith try to agree on a revised version of the Tender which
         satisfies both parties and which will be submitted to the Client. If
         the parties are unable to agree on a revised version within a
         reasonable period and in any case within the timescale for submission
         of the Tender then either party may terminate this Agreement by written
         notice to the other party without thereby incurring any liability to
         the other party.

4.10     Subject to the foregoing provisions of this Clause 4, Oasis will submit
         the Tender on or before the final date for its submission.

5.       Contract Negotiation

5.1      With respect to any negotiations and discussions with the Client in
         connection with the Tender:

         (a)      Oasis shall be responsible for carrying out such negotiations
                  and discussions to achieve a satisfactory Contract;

                                                                     Page 3 of 7
<PAGE>

         (b)      the Subcontractor shall refer any direct approach to it by the
                  Client to Oasis, it being understood, however, that in
                  connection with any technical issue directly involving the
                  Workshare or the Subcontractor's software products, the
                  Subcontractor, acting reasonably, may require that it deal
                  directly with the Client;

         (c)      the Subcontractor shall provide such reasonable support
                  (including, where appropriate, attendance at meetings with the
                  Client), material and information to Oasis as Oasis may
                  reasonably require;

         (d)      Oasis shall coordinate and submit any response to a request
                  from the Client for amplification or variation of any aspect
                  of the Tender and, corresponding thereto, the Subcontractor
                  shall submit to Oasis any amplification or variation to the
                  Subcontractor's Proposal; and

         (e)      Oasis shall refer to and discuss with the Subcontractor all
                  issues which will have significant material effect on the
                  Subcontractor's Proposal or the Subcontractor's obligations in
                  respect of the Workshare and Oasis shall not make any
                  irrevocable commitments to the Client with respect to such
                  issues until they have been so referred and discussed and
                  agreed to by the Subcontractor.

6.       Warranties

6.1      Each party warrants to the other that:

         (a)      it has the right to enter into this Agreement; and

         (b)      it shall use reasonable skill and care in performing its
                  obligations hereunder.

7.       Staff and Recruitment

7.1      The Subcontractor in nominating any of its staff for key roles in the
         performance of the Workshare shall ensure that such staff have the
         ability and experience to be able to fulfil the key roles successfully
         should the Subcontract be awarded to the Subcontractor.

7.2      Each party agrees that when its staff are present on the premises of
         the other party they shall comply with such rules and regulations as
         are notified to them for the conduct of staff on those premises.

7.3      Each party agrees that during the period of this Agreement and for
         twelve months thereafter it shall not employ or engage on any other
         basis or offer such employment or engagement to any of the other
         party's staff who have been associated with this Agreement without the
         other party's prior agreement in writing.

7.4      Each party agrees that if it employs or engages any person contrary to
         Clause 7.3 the party in default shall be liable to pay to the other
         party liquidated damages in an amount equal to such person's salary per
         annum at the time of leaving the employment of the other party.

8.       Intellectual Property Rights

8.1      Subject to the proviso herein contained, all intellectual property
         rights, including without limitation to the generality of the foregoing
         copyright in any material produced in pursuance of the Tender, shall
         vest in and at all times remain vested in the originator of that
         material provided always that if the parties jointly produce material
         in pursuance of the Tender then unless the parties agree otherwise
         copyright and all other intellectual property rights in such jointly
         produced material shall vest jointly in the parties except for material
         that is based on or derived from Oasis's licensed code or other Oasis

                                                                     Page 4 of 7
<PAGE>

         licensed materials in which case copyright and all other intellectual
         property rights therein shall vest in Oasis.

8.2      The parties acknowledge and agree that they may be required under
         provisions contained in the Contract and through the Subcontract
         resulting therefrom to grant licences or other rights or assign
         ownership of intellectual property rights to the Client appertaining to
         inventions, software, information, data and other materials. Any such
         granting of licences or other rights by the Subcontractor shall not
         exceed that required to meet Oasis's commitments in the Contract to the
         Client but in any event shall be subject to Subcontractor's express
         approval in writing.

9.       Confidentiality and Publicity

9.1      Each party undertakes at all times to hold in confidence for the other
         party, to use only for the purposes hereof and not to print, publicise
         or otherwise disclose to any third party, Confidential Information of
         the other party. Confidential Information of the other party does not
         however include any document, material, idea, data or other information
         which:

         (a)      is known to the receiving party, under no obligation of
                  confidence, at the time of disclosure by the disclosing party;
                  or

         (b)      is or becomes publicly known through no wrongful act of the
                  receiving party; or

         (c)      is lawfully obtained by the receiving party from a third party
                  who in making such disclosure breaches no obligation of
                  confidence to the other party; or

         (d)      is independently developed by the receiving party; or

         (e)      is disclosed by the disclosing party to a third party under no
                  obligation of confidence.

9.2      Notwithstanding Clause 9.1, nothing in this Agreement shall be
         construed to prevent or restrict the parties from:

         (a)      disclosing Confidential Information to the Client to such
                  extent only as is necessary for the purposes contemplated by
                  this Agreement if the Client has signed a written agreement
                  that subjects the Client to confidentiality obligations in
                  respect of such Confidential Information that are equal to or
                  more stringent than those contained in this agreement; or

         (b)      disclosing or using in the course of their business any
                  technical knowledge, skill or expertise of a generic nature
                  acquired by the parties in the performance of this Agreement.

9.3      The parties shall ensure that their employees, subcontractors and
         agents shall only be given access to any Confidential Information
         received from the other party (i) on a "need to know" basis for the
         purposes of this Agreement and (ii) if the employee, subcontractor or
         agent has signed a written agreement that subjects the employee,
         subcontractor or agent to confidentiality obligations that are equal to
         or more stringent than those contained in this agreement. A disclosing
         party may require the other party to verify compliance with this
         provision.

9.4      In the event of disclosure of Confidential Information to a third party
         in default of the provisions of this Clause 9, the defaulting party
         shall use all reasonable endeavours to assist the disclosing party in

                                                                     Page 5 of 7
<PAGE>

         recovering and preventing such third party from using, disseminating,
         selling or otherwise disposing of such.

9.5      Each party undertakes not to publicise or otherwise disclose this
         Agreement and the contents thereof without the prior consent of the
         other party. The Subcontractor agrees that Oasis may disclose all or
         part of this Agreement to the Client if Oasis deems it necessary to do
         so in order to procure the Contract.

10.      Term and Termination

10.1     This Agreement shall terminate upon the earliest of the following
         events:

         (a)      mutual consent evidenced in writing between the parties;

         (b)      subject to any right of appeal, notification by the Client
                  that the Tender is not successful;

         (c)      failure by Oasis and the Client to agree the Contract;

         (d)      failure by Oasis and the Subcontractor to agree on the
                  Subcontract;

         (e)      either party exercising its right pursuant to Clause 4.9;

         (f)      the Client's refusal of consent to Oasis entering the
                  Subcontract;

         (g)      award of a contract for the Project to a third party;

         (h)      in the event of the award of the Contract to Oasis, upon
                  completion of all obligations under the Contract;

         (i)      either party's election upon the other party committing a
                  material breach of its obligations under this Agreement and if
                  remediable not remedying such breach within thirty days of
                  written notice of the breach; or

         (j)      either party's election upon the other party becoming bankrupt
                  or entering into liquidation (other than for reconstruction or
                  amalgamation) or having a receiver appointed of its assets or
                  any part thereof or having an administration order served upon
                  it.

10.2     Clauses 7, 8, 9 and 11 shall survive termination of this Agreement and
         termination shall, unless expressly agreed to the contrary, take effect
         without prejudice to the rights of the parties at the date of
         termination.

11.      Limitation of Liability

11.1     Except as provided in Sub-Clause 11.3 and except for breaches of Clause
         9, each party agrees that the other party's liability for damages under
         this Agreement, howsoever arising (including, without limitation, for
         breach of contract or for negligence or other tort) shall in no
         circumstances exceed in the aggregate the sum of USD$1,000,000.

11.2     Except for breaches of Clause 9, neither party shall have liability to
         the other party under or in connection with this Agreement, howsoever
         arising, for damages in respect of loss of profits or contracts or for
         indirect or consequential loss or damage.

11.3     Neither party's liability in negligence for causing death or personal
         injury shall be limited.

                                                                     Page 6 of 7
<PAGE>

12.      Force Majeure

12.1     Neither party shall be liable for any delay in meeting or for failure
         to meet any of its obligations under this Agreement due to any cause
         outside its reasonable control, including, without limitation, strikes,
         lock-outs, Acts of God, War, riot, malicious acts of damage, fire, acts
         of any government authority or failure of the public electricity
         supply.

13.      Notices and Other Communications

13.1     Any notice, which expression includes any other communication
         whatsoever which is made in accordance with this Agreement, shall,
         without prejudice to any other method of giving it, be sufficiently
         given if it is sent by registered or recorded delivery first class post
         to the other party to the address stated on the signature page of this
         Agreement or to such other address as the respective party may advise
         by notice in writing from time to time.

13.2     Notices shall be deemed to have been properly given after three working
         days in the case of notices posted from Canada to a destination therein
         and eight working days in the case of all other notices posted
         internationally.

14.      Assignment

14.1     Neither party may assign or otherwise dispose of any rights or delegate
         any obligations under this Agreement without the prior written consent
         of the other party. Nothing in this Agreement confers or purports to
         confer on any third party any benefit or right to enforce any term of
         this Agreement.

15.      Waiver

15.1     No delay or failure of either party in enforcing against the other
         party any term or condition of this Agreement, and no partial exercise
         by either party of any right hereunder, shall be deemed to be a waiver
         of any right of that party under this Agreement.

16.      Legal Construction

16.1     The parties have read and understand this Agreement and agree that it
         constitutes the complete and exclusive statement of the agreement
         between them with respect to the subject matter hereof which supersedes
         all proposals, representations, understandings and prior agreements
         whether oral or written, and all other communications between them
         relating thereto.

16.2     Clause headings are inserted for convenience of reference only and
         shall not affect the interpretation of this Agreement.

16.3     If the scope of any of the provisions of this Agreement is too broad in
         any respect to permit enforcement to its full extent, then the parties
         agree that such provision shall be enforced to the maximum extent
         permitted by law and that such provisions shall be deemed to be varied
         accordingly. Any such variation shall not affect the validity and
         enforceability of the remainder of this Agreement.

16.4     No purported variation of this Agreement shall take effect unless made
         in writing and signed by an authorised representative of each party.

16.5     This Agreement shall be governed by the law of Ontario and the parties
         hereby submit to the jurisdiction of the Ontario Courts.

                                                                     Page 7 of 7Exhibit 10.25

                         [WestPark Capital, Inc. Logo]

                         INSTITUTIONAL PRIVATE PLACEMENT
                              ENGAGEMENT AGREEMENT

May 8, 2001

Mr. James Williams, President & C.E.O.
Smart Chip Technologies, Inc.
740 East 3900 South
Salt Lake City, UT  84107

Dear Mr. Williams:

This Private Placement Engagement Agreement (the "Agreement") shall serve to set
forth the terms and conditions by which WestPark Capital, Inc. ("WestPark") will
provide financial advisory and limited professional services to Smart Chip
Technologies, Inc. and its affiliates (the "Company"). WestPark will act as the
Company's Non-Exclusive Placement Agent, advise and assist it in a private
offering of its securities and/or a sale of a majority of the Company's assets
(the "Offering") on a "best efforts" basis pursuant to the terms and conditions
as set forth herein (the "Services").

1.       Structure of Offering - The Offering shall be directed towards raising
         from two to ten million dollars ($2,000,000 - $10,000,000) from either,
         or a combination of a a) sale of the Company's common stock, b) sale of
         a majority of the Company's assets, and/or c) merger of the Company
         with another entity. The actual amount, structure and pricing of the
         proposed Offering will be determined by the Company and WestPark, after
         completion of an analysis of the business and market conditions for
         such Offering.

2.       Scope of Engagement - WestPark will advise the Company on the various
         aspects of a sale of its securities, by means of a private placement,
         and a sale of its assets. These Services will be under the direction of
         the Company's management and legal advisors. Services will include 1)
         identifying and contacting potential investors or buyers; 2) advising
         the Company on various structuring options and alternatives of a
         proposed Transaction (the "Transaction") for any parties WestPark may
         introduce; and 3) assisting the Company with the negotiations of the
         financial aspects of the Transaction entered into in connection with
         any such party WestPark may introduce. In connection with the
         foregoing, WestPark will work with the Company's management, providing
         advice, input and review management's development of an appropriate
         overall business plan suitable for distribution to potential investors
         or buyers for the circumstances dictated by the Transaction
         contemplated and described herein.

--------------------------------------------------------------------------------
         2600 Michelson Drive, 17th Floor - Irvine, California 92612 -
                     Tel: 949.852.3610 - Fax: 949.852.3620
<PAGE>

3.       Term - The term of this Agreement shall be for a period of Two (2)
         months from the date of execution hereof, thereafter on a
         month-to-month basis which is cancelable by either party upon thirty
         (30) days written notice, except however, if the Company has received a
         letter of intent, this Agreement shall remain in full force and effect
         through the completion of the Offering.

4.       Company and WestPark Responsibilities - The Company represents and
         warrants to WestPark that, to the best of its knowledge, any and all
         information provided in connection with any transaction that may be
         initiated under the terms and conditions of this agreement, in a form
         including but not limited to a business plan, private placement
         memorandum, correspondence and collateral material, whether it be to
         anyone connected with the transaction or distributed to outside
         parties, will not contain any untrue statement of a material fact or
         omit to state a material fact required to be stated therein or
         necessary to make the statements therein not misleading.

         The Company agrees and acknowledges that any and all due diligence
         conducted by WestPark is for the sole benefit and use by WestPark and
         will not and can not be relied on by any other person or entity and all
         prospective investors will conduct their own due diligence prior to
         participating in the transaction.

         WestPark agrees that the form and content of any written material to be
         distributed by WestPark concerning the Company will be approved by the
         management of the Company prior to distribution.

5.       Fees - The Company will pay to WestPark, as consideration for the
         Services described herein:

         I.       Cash

                  a.       A non-refundable monthly retainer of ten thousand
                           dollars ($10,000) payable upon execution of this
                           Agreement.

                  b.       A non-refundable monthly retainer of ten thousand
                           dollars ($10,000), in advance, due on or before the
                           1st day of each month.

                  c.       Concurrent with each closing under the Transaction
                           (each such event a "Closing" and all such events
                           together the "Closings") WestPark will be compensated
                           as follows:

                                  Transaction type                  Fee
                                  ----------------                  ---
                           i) For all equity transactions   Eight percent (8%)
                                                            of transaction value
                           ii) Subordinated debt            Five percent (5%) of
                                                            debt placement
                           iii) Senior debt                 Two & one half
                                                            percent (2 1/2%) of
                                                            debt placement
                           iv) Credit enhancements          One percent (1%)
                           v) Sale or merger of the         Five percent (5%) of
                              Company                       of transaction value
                           vi) Revenue sources              Five percent (5%) of
                               introduced                   the first three
                                                            years' collected
                                                            revenues including
                                                            royalties.

         All fees pursuant to subsection c) of this section are subject to a
         minimum fee equal to the greater of $100,000 or the total retainer
         which WestPark has been paid and/or is entitled to, pursuant to
         subsection a) and b) of this section. WestPark, in its sole discretion,
         may purchase an equity interest in the company, under the same terms
         and conditions set forth in the transaction, in an amount not to exceed
         the total compensation earned by WestPark for the Services provided,
         and;

                                       2
<PAGE>

         II. Warrants

         Seven (7) year cashless exercise warrants (the "Warrants") for the
         purchase of an equity interest of the Company equal to 10% of the
         securities subject to the Transaction, including but not limited to
         securities issued, issuable by conversion of a convertible instrument
         and/or exercisable warrants. The exercise price shall be set to be the
         same price paid by investors for the equity interest in the transaction
         or the enterprise value of the Transaction if the Company is sold or
         merged. The shares underlying the Warrants will have standard demand
         registration and piggyback rights.

         All consideration payable to WestPark pursuant to the terms and
         conditions of this Agreement, are due and payable on or before its
         respective due date. WestPark, as an accommodation may present the
         Company with an invoice for such amounts due, however payment is not
         subject to the receipt of an invoice. This Agreement shall serve as the
         Company's documentation for payment processing and remittances.

         All forms of compensation set forth in this section are payable to
         WestPark with respect to any completed transaction by and between the
         Company and any person or entity and their affiliates having previously
         met with, spoken to and/or introduced by WestPark for the period from
         the execution date of this Agreement through the end of the 24th month
         following the termination date of this agreement, after giving effect
         to any and all extensions to this Agreement.

6.       Expenses - The Company is responsible for all costs related to this
         Offering, which may include but is not limited to the preparation and
         production of Company material, legal fees, printing and reproduction
         costs, communication and conference calls, accounting and other
         professional services, Blue Sky registration fees, road show and travel
         related expenses, and miscellaneous out-of-pocket expenses incurred in
         connection with this engagement. The Company will be required to pay
         for all expenses in advance by either providing for direct billing to
         the Company or Company's credit card. Any expenses incurred by WestPark
         on behalf of the Company, related to this engagement will be invoiced
         and due upon receipt.

7.       Late Fees and Finance Charges - All fees and expenses not received by
         WestPark by the respective due date are subject to a late fee and
         interest will be charged at the rate of 1.5% per month on all
         outstanding balances. In the event that an account becomes delinquent,
         WestPark employs the same prudent collection procedures as other
         businesses and if it becomes necessary to file suit or to engage a
         collection agency for the collection of any fees and/or costs, the
         Company shall pay all related costs and expenses, including reasonable
         attorneys' fees.

8.       Representations and Warranties - The Company represents and warrants to
         WestPark that: the Company will not cause or knowingly permit any
         action to be taken in connection with the Offering which violates the
         Securities Act of 1933 or any state securities laws; the Company will
         cooperate with WestPark so as to permit the Offering to be conducted in
         a manner consistent with the applicable state and federal securities
         laws; that all information and statements provided by the Company will

                                       3
<PAGE>

         be true and correct and will not be misleading or violate the
         anti-fraud provisions of the Securities and Exchange Act of 1934;
         current Company management, as disclosed to WestPark, will continue in
         place after the Offering for a reasonable period of time; there will be
         included in the financial statements of the Company for the last three
         fiscal years or for such shorter period as the Company was in existence
         and the latest unaudited (comparative, should it be necessary)
         quarterly or other interim financial statements; the financial
         statements will fairly reflect the financial condition of the Company
         and the results of its operations at a time and for the period covered
         by such financial statements, and such statements will be substantially
         as heretofore represented to WestPark; the Company does not know of any
         undisclosed facts having a material adverse affect; the Company will
         prepare and deliver to WestPark its most recent estimates of sales,
         earnings, and cash flow and agrees to update those estimates on a
         monthly basis during the term of the Offering. The Company agrees to
         indemnify and hold WestPark and its attorneys, accountants, agent and
         employees, officers and directors, free and harmless from any
         liability, cost and expenses, including attorneys' fees in the event of
         a breach of this representation and warranty.

9.       Indemnification - In consideration of the services to be provided by
         WestPark under this Agreement, the Company shall:

         Indemnify and hold harmless WestPark and any of its directors,
         officers, employees, consultants or agents (each individually an
         "Indemnified Person") from and against any losses, claims, damages or
         liabilities to which such Indemnified Person may become subject arising
         out of our in connection with the rendering of services by WestPark
         hereunder, except to the extent that such losses, claims, damages or
         liabilities are determined in judicial rulings to have primarily
         resulted from the gross negligence or willful misconduct of such
         Indemnified Person; and reimburse such Indemnified Person for
         reasonable legal and other expenses as they are incurred, that arise in
         connection with investigating, preparing to defense or defending any
         lawsuit, claim or proceeding and any appeals therefrom arising in any
         manner out of or in connection with the rendering of services by
         WestPark, provided, however that in the event a final judicial decision
         is made to the effect specified above, such Indemnified Person will
         promptly remit to the Company any amounts reimbursed under the section.

         The Company and WestPark agree that (i) the indemnification and
         reimbursement commitments set forth above shall apply whether or not
         such Indemnified Person is a named party to any such lawsuit, claim or
         other proceeding; and (ii) promptly after receipt by WestPark of notice
         of its involvement in any action, proceeding or investigation, shall
         notify the Company in writing of such involvement. This indemnification
         shall survive any termination of this Agreement.

10.      Exclusive Nature - This Agreement is non-exclusive.

11.      Confidentiality - WestPark understands and agrees that it will not
         provide any information to any third party concerning the Company
         unless said third party has executed a confidentiality agreement in a
         form acceptable to the Company, or the Company has agreed in writing to
         waive such requirements with respect to the third party, or the
         information materials have received prior approval for distribution to
         eligible parties.

                                       4
<PAGE>

12.      Successors - This Agreement is binding upon the parties hereto and
         their respective permissible assigns, successors, heirs and personal
         representatives, and shall inure to their benefit.

13.      Assignment - Neither this Agreement nor any right pursuant thereto or
         interest therein shall be assignable by any of the parties hereto
         without the prior written consent of the other parties hereto, except
         as expressly permitted herein.

14.      Governing Law - This Agreement shall be governed and construed in
         accordance with the laws of the State of California. The prevailing
         party in any legal action brought under this Agreement shall be
         entitled to immediately recover all legal fees and costs.

15.      Costs and Attorneys' Fees - If any action, suit, arbitration proceeding
         or other proceeding is instituted arising out of these Agreement, the
         prevailing party shall recover all of such party's costs, including,
         without limitation, the court costs and attorneys' fees incurred
         therein, including any and all appeals or petitions therefrom. As used
         herein, "attorneys' fees" shall mean the full and actual costs of any
         legal services actually rendered in connection with the matters
         involved, calculated on the basis of the usual fee charged by the
         attorney performing such services.

16.      Waiver and Amendment - No waiver, amendment or modification of any
         provision of this Agreement shall be effective unless consented to by
         both parties in writing. No failure of delay by either party in
         exercising any rights, power or remedy under this Agreement shall
         operate as a waiver of such right, power or remedy. Any terms and/or
         conditions of this Agreement may be waived at any time, pursuant to
         this section, but a waiver in one instance shall not be deemed to
         constitute a waiver in any other instance.

17.      Severability - In the event that any provision of this Agreement shall
         be held to be invalid, illegal or unenforceable in any circumstances,
         the remaining provisions shall nevertheless remain in full force and
         effect and shall be construed as if the unenforceable portions were
         deleted.

18.      Section Headings; Defined Terms - Numbered and titled section headings
         and defined terms are for convenience only and shall not be construed
         as amplifying or limiting any of the provisions of this Agreement.

19.      Entire Agreement - This Agreement and any exhibits herein incorporated
         and attached hereto supersede all prior and contemporaneous
         negotiations and agreements (whether written or oral) and constitute
         the entire understanding among the parties.

                                       5
<PAGE>

Please confirm that the foregoing correctly sets forth our Agreement by
returning one executed Agreement to our corporate office at 2049 Century Park
East, Suite 3310, Los Angeles, CA, 90067 and sending a facsimile to our Irvine
office at (949) 852-3620.

                                               Very truly yours,

                                               WESTPARK CAPITAL, INC.

                                               By: /s/ Stephen R. Meleen
                                                   --------------------------
                                                   Stephen R. Meleen,
                                                   Managing Director

Approved and agreed to this 9 day of May, 2001.

Smart Chip Technologies, Inc.

By: /s/ James A. Williams
    ------------------------------------
     James Williams, President & C.E.O.
     Tel.  (949) 464-1973
           (801) 685-7676

                                       6

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