Document:

EXHIBIT 10.1

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                            ASSET PURCHASE AGREEMENT

                                     between

                               RMK HOLDINGS, LLC,

                                 LOGISOFT CORP.

                                       and

                             ESTOREFRONTS.NET CORP.

                           Dated as of April 26, 2005

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                                TABLE OF CONTENTS

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ARTICLE 1             THE SALE.................................................1

         1.1      Transfer of Assets...........................................1

         1.2      Purchased Assets.............................................1

         1.3      Retained Assets..............................................2

         1.4      Assumption of Liabilities....................................2

         1.5      Procedures for Contracts Not Transferable....................3

ARTICLE 2             PURCHASE PRICE; CLOSING..................................3

         2.1      Purchase Price...............................................3

         2.2      Manner of Payment............................................3

         2.3      Allocation of Purchase Price.................................5

         2.4      The Closing..................................................5

         2.5      Deliveries by Sellers........................................5

         2.6      Deliveries by Buyer..........................................6

ARTICLE 3             REPRESENTATIONS AND WARRANTIES OF SELLERS................7

         3.1      Organization.................................................7

         3.2      Authorization; Enforceability................................7

         3.3      Consent and Approvals; No Violations.........................7

         3.4      Financial Statements.........................................8

         3.5      Absence of Certain Changes or Events.........................8

         3.6      Real Property................................................8

         3.7      Zoning and other Governmental Actions........................9

         3.8      Assumed Contracts............................................9

         3.9      Litigation...................................................9

         3.10     Taxes.......................................................10

         3.11     Compliance with Laws........................................10

         3.12     Title to Assets.............................................11

         3.13     Environmental Matters.......................................11

         3.14     Liabilities.................................................12

         3.15     Sufficiency/Condition of Purchased Assets...................12

         3.16     Permits.....................................................12

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                                TABLE OF CONTENTS

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         3.17     Employment Matters..........................................13

         3.18     Insurance...................................................13

         3.19     Accounts Receivable.........................................14

         3.20     Full Disclosure.............................................14

         3.21     Brokers.....................................................14

         3.22     Intellectual Property Assets................................14

ARTICLE 4             REPRESENTATIONS AND WARRANTIES OF BUYER.................15

         4.1      Organization................................................15

         4.2      Authorization; Enforceability...............................15

         4.3      Consents and Approvals......................................15

         4.4      Litigation..................................................15

         4.5      Knowledge of Breach by Sellers..............................15

ARTICLE 5             COVENANTS OF THE PARTIES................................16

         5.1      Conduct of Business.........................................16

         5.2      Financial Statements........................................16

         5.3      Access to Information.......................................16

         5.4      Further Assurances..........................................16

         5.5      Consummation of Agreement...................................17

         5.6      Employees; Employee Benefits................................17

         5.7      Use of Certain Names........................................17

         5.8      Balance Sheet Accruals......................................17

         5.9      Use of Proceeds.............................................17

         5.10     No Other Negotiations.......................................18

ARTICLE 6             CLOSING CONDITIONS......................................18

         6.1      Mutual Conditions...........................................18

         6.2      Conditions to the Obligations of Sellers....................18

         6.3      Conditions to the Obligations of Buyer......................18

ARTICLE 7             LIMITED SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION....19

         7.1      Survival of Representations.................................19

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                                TABLE OF CONTENTS

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         7.2      Sellers' Agreement to Indemnify.............................20

         7.3      Buyer's Agreement to Indemnify..............................20

         7.4      Limitations.................................................21

         7.5      Third-Party Claims..........................................21

         7.6      Exclusive Remedy............................................22

         7.7      Arbitration; Jurisdiction; Service of Process...............22

ARTICLE 8             TERMINATION.............................................23

         8.1      Termination.................................................23

         8.2      Procedure and Effect of Termination or Failure to Close.....24

ARTICLE 9             MISCELLANEOUS PROVISIONS................................24

         9.1      Expenses and Prorations.....................................24

         9.2      Amendment and Modification..................................25

         9.3      Waiver of Compliance; Consents..............................25

         9.4      Notices.....................................................25

         9.5      Binding Agreement; Assignment...............................26

         9.6      No Rights in Third Parties..................................26

         9.7      Governing Law...............................................26

         9.8      Counterparts................................................26

         9.9      Interpretation..............................................26

         9.10     Confidentiality.............................................26

         9.11     Entire Agreement............................................27

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Exhibits

Exhibit A             December 31, 2004 Balance Sheet
Exhibit B             Form of Bill of Sale
Exhibit C             Form of Assignment and Assumption of Agreement
Exhibit D             Confidentiality Agreement
Exhibit E             Noncompetition Agreement

Schedules

Schedule 1.2(a)       Tangible Personal Property
Schedule 1.2(b)       Assumed Contracts
Schedule 1.2(c)       Intellectual Property Assets
Schedule 1.2(d)       Leased Real Property
Schedule 1.2(e)       Accounts Receivable
Schedule 1.3          Retained Assets
Schedule 3.4          Financial Statements
Schedule 3.5          Certain Changes or Events
Schedule 3.7          Zoning and Other Governmental Actions
Schedule 3.8          Assumed Contracts
Schedule 3.9          Litigation
Schedule 3.12         Title to Assets
Schedule 3.13         Environmental Matters
Schedule 3.14         Liabilities
Schedule 3.15         Inventory not owned by Seller
Schedule 3.16         Permits
Schedule 3.17(a)      Employees
Schedule 3.17(b)      Employment Matters
Schedule 3.18         Insurance
Schedule 3.21         Brokers
Schedule 3.22         Marks and Trade Names
Schedule 6.3          Conditions to the Obligations of Buyer
Schedule 6.3(d)       Key Employees

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                            ASSET PURCHASE AGREEMENT

      THIS ASSET PURCHASE AGREEMENT (as amended, supplemented or modified from
time to time, this "Agreement"), dated as of April 26, 2005, is by and between
LOGISOFT CORP., a New York corporation ("Logisoft"), ESTOREFRONTS.NET CORP., a
New York corporation ("eStorefronts" and, together with Logisoft, the "Sellers")
and RMK HOLDINGS, LLC, a Delaware limited liability company ("Buyer") (each is
sometimes referred to herein individually as a "Party" and, collectively, are
sometimes referred to as the "Parties"). Capitalized terms used in this
Agreement have the meanings given to them in Appendix I.

                              Statement of Purpose

      Sellers currently conduct a business which consists of reselling computer
software and hardware, sales, design, hosting and maintenance of internet and
intranet websites, information technology consulting and ecommerce software
development and consulting (the "Business"). Buyer desires to purchase
substantially all of the assets of Sellers from Sellers and to assume certain
liabilities relating to the Business, and Sellers desire to sell such assets and
transfer such liabilities to Buyer, all subject to the terms and conditions set
forth in this Agreement.

                                    AGREEMENT

      The Parties hereby agree as follows:

                                   ARTICLE 1

                                    THE SALE

      1.1 Transfer of Assets . Upon the terms and subject to the conditions of
this Agreement, Sellers hereby agree, at the Closing, to sell, transfer, convey,
assign and deliver to Buyer, and Buyer hereby agrees, at the Closing, to
purchase and accept from Sellers, all of the assets, rights and properties used
or usable in connection with the Business, including the assets referred to in
Section 1.2 below, other than the Retained Assets (the "Purchased Assets").

      1.2 Purchased Assets. Upon the terms and subject to the conditions of this
Agreement, Sellers hereby agree, at the Closing, to sell, transfer, convey,
assign and deliver to Buyer, and Buyer hereby agrees, at the Closing, to
purchase and accept from Sellers, all right, title and interest in and to any
and all assets, rights and properties of Sellers, other than the Retained
Assets, including:

      (a) all of the tangible personal property of Sellers used in connection
with the Business, including all machinery, equipment, supplies, spare parts,
inventories, raw materials, vehicles, furniture, computers, computer software,
computer data, office equipment, marketing materials and fixtures, including the
tangible personal property set forth on Schedule 1.2(a);

      (b) all contracts, personal property leases, rental agreements, tenancies,
licenses, engagements and commitments, whether written or oral, expressed or

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implied, entered into in connection with the Business (the "Assumed Contracts"),
including the Assumed Contracts set forth on Schedule 1.2(b);

      (c) all Intellectual Property Assets and all goodwill associated
therewith, licenses and sublicenses granted and obtained with respect thereto,
all rights thereunder, remedies against infringement thereof and rights to
protection of interest therein under Applicable Law, including the Intellectual
Property Assets set forth on Schedule 1.2(c);

      (d) all of the real property that is leased or subleased by Sellers and
used or held for use in connection with the Business, including all of Sellers'
right, title and interest, duties and future obligations as lessee in and to the
leases listed on Schedule 1.2(d) (the "Leased Real Property");

      (e) all accounts receivable relating to the operation of the Business
outstanding as of the Closing Date, including the accounts receivable set forth
in Schedule 1.2(e);

      (f) all capital stock, membership interests or other equity securities of
the Subsidiaries and all corporate or limited liability company looks and
records of the Subsidiaries;

      (g) all prepaid items;

      (h) all permits, licenses or authorizations necessary or desirable for the
operation of the Business to the extent assignable (the "Permits");

      (i) all intangible property and goodwill associated with the Business;

      (j) all cash of the Business (the "Cash");

      (k) all rights, claims, causes of action and suits that Sellers may have
against third parties relating to any of the foregoing; and

      (l) all files, records, documents, data, plans, proposals, manuals,
warranties, books and other documentation relating to any of the foregoing.

      1.3 Retained Assets. The Purchased Assets shall not include any of the
assets, rights or properties of Sellers described on Schedule 1.3 (the "Retained
Assets"), all of which shall be retained by Sellers.

      1.4 Assumption of Liabilities. Buyer will assume and thereafter in
accordance with their terms pay, perform, and discharge all liabilities and
obligations of Sellers arising out of, or incurred under, the terms of, or in
connection with (a) the Assumed Contracts; (b) accounts payable of Sellers
incurred by Sellers in the ordinary course of business as set forth on the Final
Closing Balance Sheet (other than intercompany payables); (c) the liability of
Sellers for accrued vacation time of Buyer's Employees in the amounts set forth
in Schedule 3.17(a); and (d) other liabilities set forth on the Final Closing
Balance Sheet (other than intercompany liabilities) (the "Assumed Liabilities").
Except for the Assumed Liabilities, Buyer shall not assume, take subject to or
be liable for any liabilities or obligations of any kind or nature, whether

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absolute, contingent, accrued, known or unknown, of the Business, Sellers or any
affiliate of Sellers (including the Subsidiaries) (the "Retained Liabilities"),
and Sellers shall retain, pay and perform all of such Retained Liabilities. For
the avoidance of doubt, Assumed Liabilities shall not include any liability for
Taxes with respect to the Pre-Closing Tax Period and the Keltic Line of Credit.

      1.5 Procedures for Contracts Not Transferable. Except as set forth on
Schedule 3.8, to the extent the assignment of any Assumed Contract and the
related assumption by Buyer of the obligations thereunder as contemplated hereby
requires the consent of any third-party thereto and such consent is not obtained
on or prior to the Closing Date, Buyer and Sellers agree to use their
commercially reasonable efforts to obtain such consent within the thirty-day
period following the Closing Date. To the extent any such required consent is
not so obtained with respect to any Assumed Contract, Buyer and Sellers agree to
use their commercially reasonable efforts to provide for Buyer to obtain all of
the practical benefit of the rights arising under such Assumed Contract on or
after the Closing Date (whether by subcontracting or otherwise). To the extent
Buyer receives such practical benefit, Buyer will assume and perform the
obligations under such Assumed Contract in accordance with the provisions of
Section 1.4. To the extent Buyer has not been provided with such rights and
benefit on or before the sixtieth day following the Closing Date, the rights and
benefits with respect to such Assumed Contract shall not be a Purchased Asset
and the corresponding obligations and liabilities with respect to such Assumed
Contract shall not be assumed by Buyer pursuant to Section 1.4, unless Buyer and
Sellers agree otherwise in writing. With respect to the Leased Real Property, to
the extent one or more of the leases thereof are not assigned or subleased to
Buyer according to the terms of such lease (including any required consent of
the landlord or lessor thereof), Buyer shall and perform Sellers' obligations
thereunder so long as Buyer has quiet enjoyment and undisturbed possession of
such Leased Real Property, and in the event Buyer does not have quiet enjoyment
and undisturbed possession of such Leased Real Property, such lease or leases
shall not be an Assumed Contract and Buyer shall not assume or perform any of
Sellers' obligations thereunder from and after the termination of Buyer's quiet
enjoyment and undisturbed possession.

                                   ARTICLE 2

                             PURCHASE PRICE; CLOSING

      2.1 Purchase Price. In consideration of the transfer to Buyer of the
Purchased Assets and the Assumed Liabilities and the performance by Sellers of
their obligations under this Agreement, and subject to the terms and conditions
hereof, Buyer shall pay to Sellers an amount (the "Purchase Price") equal to
$1,400,000.00 plus an amount equal to the Net Book Value as of the Closing.

      2.2 Manner of Payment. The Purchase Price shall be paid as follows:

      (a) No later than the five business days prior to the Closing Date,
Sellers shall deliver to Buyer (i) a balance sheet of Logisoft as of April 22,
2005 (the "Draft Closing Balance Sheet") prepared in accordance with GAAP
(except for the exclusion of other financial statements and the notes required
by GAAP), and (ii) based on the Draft Closing Balance Sheet, a schedule setting
forth the good faith estimate of Sellers of the Purchase Price (the "Estimated
Purchase Price"), which shall describe in reasonable detail the amount of the

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Net Book Value as of March 31, 2005. Buyer shall be entitled to request, and
Sellers shall provide, all information reasonably required by Buyer to confirm
that the Draft Closing Balance Sheet has been prepared in accordance with GAAP
and the accuracy of the information set forth in the Draft Closing Balance Sheet
and such schedule. Subject to the foregoing, upon the terms and subject to the
conditions of this Agreement, at the Closing Buyer shall pay to Sellers an
amount equal to the Estimated Purchase Price less the Escrow Amount by wire
transfer of immediately available funds to an account or accounts designated in
writing by Sellers at least two business days prior to the Closing Date.

      (b) Within 45 days after the Closing Date, Buyer shall provide to Sellers
(i) a balance sheet of Logisoft as of 12:00:00 A.M. on the Closing Date, (the
"Final Closing Balance Sheet") prepared in accordance with GAAP (except for the
exclusion of other financial statements and the notes required by GAAP), and
(ii) based on the Final Closing Balance Sheet, a schedule setting forth the
Purchase Price, which shall describe in reasonable detail the amount of the Net
Book Value as of 12:00:00 A.M. on the Closing Date. Sellers shall be entitled to
request, and Buyer shall provide, all information reasonably required by Sellers
to confirm that the Final Closing Balance Sheet has been prepared in accordance
with GAAP and the accuracy of the information set forth in the Final Closing
Balance Sheet and such schedule. The Draft Closing Balance Sheet and the Final
Closing Balance Sheet shall be in similar form to the Company's balance sheet as
of December 31, 2004, which for reference is attached hereto as Exhibit A.

      (c) The Buyer's calculation of the Purchase Price shall be deemed final
and binding on all Parties unless Sellers object thereto by giving written
notice (the "Purchase Price Objection Notice") to Buyer prior to 5:00 p.m.,
Charlotte, North Carolina time, on or before the tenth day after Buyer has
delivered the Final Closing Balance Sheet to Sellers. The Purchase Price
Objection Notice shall set forth in reasonable detail the basis for Sellers'
objections. If Buyer and Sellers are unable to resolve the disagreement within
10 days after delivery of the Purchase Price Objection Notice, Buyer and Sellers
shall engage a mutually acceptable certified public accounting firm to resolve
the issue(s) in dispute. If Buyer and Sellers are unable to agree on an
accounting firm within 15 days after Sellers deliver the Purchase Price
Objection Notice, Buyer shall provide Sellers with a list of two certified
public accounting firms within five days thereafter, and Sellers shall select
one such firm to resolve the dispute and shall notify Buyer of the selection in
writing within five days of receiving the list. The accounting firm's review
shall be limited in scope to the disputed issue(s) or amount(s), and the
accounting firm shall not have the power to alter, modify, amend, add to or
subtract from any term or provision of this Agreement. Buyer and Sellers shall
instruct the accounting firm to render its decision within 30 days of its
engagement, and such accounting firm's determination shall be final and binding
on Buyer and Sellers. Buyer and Sellers shall each pay one half of the fees and
expenses of the accounting firm unless such accounting firm determines that
Buyer's calculation of the Purchase Price is understated by 10.0% or more, in
which case Buyer shall pay for the fees and expenses of such accounting firm.

      (d) Within five business days after the Purchase Price is deemed final and
binding as provided in Section 2.2(c), (i) if the Purchase Price exceeds the
Estimated Purchase Price, then Buyer shall pay to Sellers such excess, by wire
transfer of immediately available funds to an account or accounts that Sellers
shall designate in writing, and (ii) if the Estimated Purchase Price exceeds the

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Purchase Price, then Sellers and Parent, jointly and severally, shall pay to
Buyer such excess, by wire transfer of immediately available funds to an account
or accounts that Buyer shall designate in writing.

      (e) The New York State Department of Taxation and Finance (the "Tax
Department") has issued two Notices of Claim to Purchaser in respect of the
transactions contemplated by this Agreement. The Parties have agreed that Seller
shall withhold the Escrow Amount in order to protect Buyer against Sellers'
nonpayment of any liability imposed by the Tax Department. Upon the earlier of
(i) receipt from a New York State official of a determination by the Tax
Department of the Sellers' liability in respect of sales Taxes for the
Pre-Closing Tax Period and Buyer's receipt of written confirmation of Sellers'
payment of the full amount of such liability or (ii) an agreement among the
parties, Buyer shall pay to Seller an amount equal to the Escrow Amount by wire
transfer of immediately available funds to an account or accounts designated in
writing by Sellers. In the event Sellers do not pay the full amount of the
liability to the Tax Department when due, Buyer shall be entitled to remit to
the Tax Department the amount of such nonpayment by Sellers up to the Escrow
Amount. For the avoidance of doubt, (x) Sellers shall be liable for the full
amount of the liability determined by the Tax Department, (y) in the event the
liability determined by the Tax Department exceeds the Escrow Amount and Buyer
has paid the Escrow Amount to the Tax Department, Sellers shall be liable for
and shall pay the Tax Department such excess and (z) upon payment by Buyer of
the tax liability to the Tax Department, any portion of the Escrow Amount held
by Buyer in excess of the amount paid by Buyer to the Tax Department shall
promptly be paid by Buyer to Sellers.

      2.3 Allocation of Purchase Price. As promptly as practicable, but in any
event, within 30 days of the final determination of the Purchase Price, Buyer
shall cause to be prepared and deliver to Sellers a schedule of its proposed
allocation (the "Allocation Schedule") for tax purposes of the Purchase Price
plus the Assumed Liabilities among the Purchased Assets. The Allocation Schedule
shall be conclusive and binding on Sellers and Buyer, unless Sellers provide
Buyer with a notice of objection (the "Objection Notice") within 30 days after
Sellers' receipt of the Allocation Schedule, which notice shall state the
allocation proposed by Sellers (the "Seller Allocation Schedule"). Buyer shall
have 15 days from receipt of the Objection Notice to accept or reject the Seller
Allocation Schedule. The Seller Allocation Schedule shall be conclusive and
binding on Sellers and Buyer unless Buyer provides Sellers with notice of
objection within 15 days after receipt of the Seller Allocation Schedule. In the
event that Buyer and Sellers are unable to agree on an allocation after good
faith negotiations, then Buyer and Sellers agree to be bound by an appraisal of
such assets by an independent nationally recognized firm of valuation experts
mutually acceptable to Sellers and Buyer. The cost of such appraisal shall be
borne equally by Sellers and Buyer. Such appraisal shall be conclusive and
binding for the purposes of this Section 2.3 on Sellers and Buyer. Following any
adjustment to the Purchase Price, Buyer and Sellers shall revise such
allocations in a fashion consistent with the agreed-upon allocation. Sellers and
Buyer agree to file all income Tax Returns or reports, including without
limitation IRS Form 8594, for their respective taxable years in which the
Closing occurs, to reflect the agreed-upon allocation (as such schedule may be
revised in accordance with this Section 2.3) and agree not to take any position
inconsistent therewith before any governmental authority charged with the
collection of any Tax or in any judicial proceeding.

      2.4 The Closing. The closing of the transactions contemplated by this
Agreement (the "Closing") shall take place at the offices of Mayer, Brown, Rowe

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& Maw LLP in Charlotte, North Carolina, at 11:00 A.M., local time, on April 26,
2005, or on such other date or at such other time or place as may be mutually
agreeable to the Parties (such selected date, the "Closing Date").

      2.5 Deliveries by Sellers. At the Closing, Sellers shall deliver, or cause
to be delivered, to Buyer the following:

      (a) one or more bills of sale substantially in the form of Exhibit B (the
"Bill of Sale") executed by Sellers;

      (b) one or more assignment and assumption agreements substantially in the
form of Exhibit C (the "Assignment and Assumption Agreement") executed by
Sellers;

      (c) an assignment of lease in form and substance reasonably satisfactory
to Buyer (the "Assignment of Lease") executed by Logisoft, conveying to Buyer
leasehold title to the Leased Real Property, without any exceptions other than
Permitted Liens;

      (d) a noncompetition agreement substantially in the form of Exhibit E (the
"Noncompetition Agreement"), executed by Sellers and Parent;

      (e) a guarantee agreement executed by Parent pursuant to which Parent will
agree to fully and unconditionally guarantee the payment and performance of all
liabilities and obligations of Sellers under this Agreement and any related
agreement;

      (f) an updated Schedule 3.14 as of the Closing Date listing all
liabilities of Sellers and the then current balance, accrued interest through
the Closing Date and prepayment and other costs or expenses payable by Sellers
in connection with the such liabilities;

      (g) copies, certified by an officer of Sellers, of (w) the articles of
incorporation of Sellers, certified as of a recent date by the New York
Secretary of State, (x) Sellers' bylaws, (y) resolutions of the board of
directors and shareholders of Sellers authorizing the execution, delivery and
performance of this Agreement, of all instruments and documents to be delivered
in connection herewith and the transactions contemplated hereby, and (z) a
certificate of existence as of recent date of Sellers issued by the New York
Secretary of State;

      (h) certificates representing all capital stock or membership interests of
the Subsidiaries, duly endorsed from transfer to Buyer;

      (i) the certificate described in Section 6.3(a);

      (j) title documentation for any titled vehicles included in the Purchased
Assets, duly endorsed for transfer;

      (k) evidence of the transfer of the Cash from Sellers to Buyer;

      (l) evidence of the release of the personal guarantee of the Letters of
Credit as provided in Section 5.9; and

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(m) all other documents, certificates, instruments and writings required
hereunder to be delivered to Buyer, or as may reasonably be requested by Buyer
for the purpose of (i) evidencing the accuracy of any of Sellers'
representations and warranties, (ii) evidencing the performance by Sellers of,
or compliance by Sellers with, any covenant or obligation required to be
performed or complied with by Sellers, (iii) evidencing the satisfaction of any
condition referred to in this Agreement or (iv) otherwise facilitating the
consummation or performance of the transactions contemplated by this Agreement.

      2.6 Deliveries by Buyer. At the Closing, Buyer shall deliver, or cause to
be delivered, to Sellers the following:

      (a) payment of the Purchase Price in accordance with Section 2.2(a);

      (b) the Assignment and Assumption agreement executed by Buyer;

      (c) the Assignment of Lease, executed by Buyer;

      (d) the Noncompetition Agreement, executed by Buyer;

      (e) copies, certified by a Manager of Buyer, of (i) Buyer's operating
agreement, (ii) Buyer's certificate of formation, certified as of a recent date
by the Delaware Secretary of State, (iii) resolutions of the managers and
members of Buyer authorizing the execution, delivery and performance of this
Agreement, of all instruments and documents to be delivered in connection
herewith and the transactions contemplated hereby, and (iv) a certificate of
existence as of recent date of Buyer issued by the Delaware Secretary of State;

      (f) the certificate described in Section 6.2(a); and

      (g) all other documents, certificates, instruments and writings required
hereunder to be delivered to Sellers, or as may reasonably be requested by
Sellers for the purpose of (i) evidencing the accuracy of any of Buyer's
representations and warranties, (ii) evidencing the performance by Buyer of, or
compliance by Buyer with, any covenant or obligation required to be performed or
complied with by Buyer, (iii) evidencing the satisfaction of any condition
referred to in this Agreement or (iv) otherwise facilitating the consummation or
performance of the transactions contemplated by this Agreement.

                                   ARTICLE 3

                    REPRESENTATIONS AND WARRANTIES OF SELLERS

      Sellers jointly and severally represent and warrant to Buyer as follows:

      3.1 Organization. Each Seller is a corporation company duly organized,
validly existing and in good standing under the laws of the State of New York.
Sellers have the requisite power and authority to own, lease and operate their
assets, and to carry on their business as now being conducted. Each of the
Subsidiaries is a limited liability company duly formed under the laws of its
jurisdiction of formation.

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      3.2 Authorization; Enforceability. Sellers have the requisite corporate
power and authority to execute and deliver this Agreement and to consummate the
transactions contemplated hereby. The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby by Sellers have
been duly and validly authorized by all necessary action on the part of Sellers,
and this Agreement has been duly and validly executed and delivered by Sellers
and constitutes a legal, valid and binding obligation of Sellers enforceable
against Sellers in accordance with its terms, except as enforcement may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the rights of creditors generally or the fact that
specific performance is a remedy within the discretion of any court.

      3.3 Consent and Approvals; No Violations. No permit, consent, approval or
authorization of, or declaration to or filing with, any governmental or
regulatory authority is required in connection with any aspect of the execution,
delivery and performance of this Agreement. The execution, delivery and
performance of this Agreement by Sellers will not (a) conflict with any
provision of the articles of incorporation or bylaws of Sellers or with the
articles of organization or operating agreement of the subsidiaries, (b) result
in a default (or give rise to any right of termination, cancellation or
acceleration) under any of the terms, conditions or provisions of any note,
bond, mortgage, indenture, agreement, lease or other instrument or obligation
relating to the Purchased Assets or to which any of the Purchased Assets may be
subject, except for such defaults (or rights of termination, cancellation or
acceleration) as to which requisite waivers or consents have been obtained, (c)
result in the creation or imposition of any lien, security interest, pledge,
mortgage, claim, option, lease or sublease, conditional sales agreement, title
retention agreement, charge, restriction, title exception or other encumbrance
("Liens") on any Purchased Asset pursuant to any indenture, mortgage, deed of
trust, lease, note, or other contract, agreement or instrument to which either
Seller is a party or to which any of the Purchased Assets may be subject, or (d)
violate any law, statute, rule, regulation, order, writ, injunction or decree of
any federal, state or local governmental authority or agency ("Laws").

      3.4 Financial Statements. Attached as Schedule 3.4 are (i) the balance
sheet and related statements of income and shareholders' equity of Logisoft for
the fiscal years ended June 30, 2003, and June 30, 2004, and (ii) the unaudited
balance sheet and related statements of income and shareholder's equity of
Logisoft as of February 28, 2005 (the "Interim Financial Statements" and
collectively with item (i) the "Financial Statements"). The Financial Statements
fairly present the results of operations and financial condition of Sellers as
of the dates and for the periods referred to in the Financial Statements in
accordance with GAAP consistently applied throughout the periods involved,
except, in the case of the Interim Financial Statements, for the absence of
notes and subject to normal year-end adjustments.

      3.5 Absence of Certain Changes or Events. Except as set forth on Schedule
3.5, since December 31, 2004, Sellers have conducted their business only in the
ordinary course and there has been no (i) damage, destruction or casualty loss,
whether covered by insurance or not, affecting the Purchased Assets or the
Business; (ii) entry into, termination of (except by reason of the occurrence of
a contractually specified termination date), receipt of notice of termination of
or amendment to any contract or license or permit to which either Seller is a
party; (iii) creation of, or assumption of, any Lien upon any of the Purchased

                                       8
<PAGE>

Assets; or (iv) sale, assignment, lease, transfer or other disposition of any of
the assets of the Business (other than the sale of inventory in the ordinary
course of business).

      3.6 Real Property.

      (a) Each lease agreement with respect to the Leased Real Property is
identified on Schedule 1.2(d). Each such lease agreement grants Logisoft the
exclusive right to occupy the demised premises thereunder, and Logisoft enjoys
peaceful and undisturbed possession under each such lease of the Leased Real
Property. Logisoft has good and valid title to the leasehold estate under each
such lease of the Leased Real Property, free and clear of all of the Liens, and,
to the Logisoft's knowledge, the landlord under each such lease has valid, good
and marketable fee simple title to all the real property that is the subject of
such lease, free and clear of all of the Liens other than liens for taxes not
yet due and payable and mortgage Liens that are subject to a nondisturbance
agreement pursuant to which the lender holding such mortgage Lien has agreed in
writing that the leasehold interest of Logisoft in such property shall not be
disturbed upon any foreclosure of such lien, any conveyance in lieu of
foreclosure or the exercise of any other right or remedy available to such
lender. Logisoft has delivered or made available to Buyer copies of the leases
and other instruments (whether or not recorded) by which Logisoft acquired such
Leased Real Property interests, and copies of all title insurance policies,
opinions, abstracts and surveys in the possession of Logisoft and relating to
such leasehold property or interests.

      (b) Sellers do not own or hold, and are not obligated under or a party to,
any option, right of first refusal or other contractual right to purchase,
acquire, sell or dispose of the Property, or any portion thereof or interest
therein.

      (c) Sellers do not owe any money to any architect, contractor,
subcontractor or materialmen for labor or materials performed, rendered or
supplied to or in connection with the Property, and there is no construction or
other improvement work being done at nor are there any construction or other
improvement materials being supplied to the Property.

      3.7 Zoning and other Governmental Actions. Except as identified on
Schedule 3.7, to the knowledge of Sellers, (i) the zoning of the Leased Real
Property permits the presently existing improvements and the continuation of the
Business presently being conducted on the Leased Real Property as a conforming
use, (ii) there are no pending changes in laws (including zoning) that will
render any part of the Business as presently conducted illegal, and (iii) there
is no plan, study or effort by any governmental authority or any Person that in
any way would materially and adversely affect all or any portion of the
Purchased Assets.

      3.8 Assumed Contracts. Sellers have delivered to Buyer a true and correct
copy of each written Assumed Contract and a summary of each oral Assumed
Contract. Schedule 3.8 contains an accurate and complete list of all of the
Assumed Contracts, whether oral or written. Each Assumed Contract is valid,
binding, in full force and effect and enforceable by Seller and, to the
knowledge of Sellers, each other party thereto. Sellers are not in default under
any Assumed Contract nor does there exist any condition or event that after
notice, lapse of time or both would constitute a default by Sellers under any
Assumed Contract. To the knowledge of Sellers, no other party to any Assumed
Contract is in default or breach, or alleged to be in default or breach, under

                                       9
<PAGE>

any Assumed Contract nor does there exist any condition or event which, after
notice, lapse of time or both, would constitute a default or breach by any other
party to any Assumed Contract. Sellers have not received notice that it is in
default under or in breach of any Assumed Contract or of the election of any
party to any Assumed Contract to cancel, terminate or not to renew any such
Assumed Contract whether in accordance with the terms of any Assumed Contract or
otherwise. Sellers have not given notice to any other party to any Assumed
Contract that such other party is in default thereunder or in breach thereof or
given notice of the termination thereof. The enforceability of the Assumed
Contracts (including the enforceability as owned by Buyer after the Closing)
will not be affected by the transactions contemplated by this Agreement. Except
as indicated on Schedule 3.8, Sellers have the right to assign to Buyer each of
the Assumed Contracts without the consent of any other Person and, upon such
assignment, at the Closing in the manner contemplated by this Agreement, Buyer
shall have all of the rights of Sellers thereunder. All obligations and
liabilities of Sellers under the Assumed Contracts have been accrued on the
Financial Statements.

      3.9 Litigation. Except as disclosed in Schedule 3.9, there are no civil,
criminal or administrative actions, suits or investigations pending or, to
Sellers' knowledge, threatened against Sellers in connection with the operation
of the Business, involving the Purchased Assets or that could prevent Buyer from
acquiring the Purchased Assets from Sellers according to the terms set forth in
this Agreement.

      3.10 Taxes.

      (a) All federal, state, and local Tax returns, Tax reports and information
returns or extensions required to be filed by Sellers or the Subsidiaries have
been timely filed with the appropriate Tax authorities and all applicable Taxes
that are due and payable, have been paid. Since December 31, 2001, neither
Sellers nor the Subsidiaries have incurred any liability for Taxes other than in
the ordinary course of business. No income tax return of Sellers or the
Subsidiaries is currently being audited by the Internal Revenue Service or any
comparable state or foreign agency. There are no disputes pending in respect of,
or claims asserted for, Taxes upon Sellers or the Subsidiaries nor are there any
pending or, to the knowledge of Sellers, threatened audits or investigations or
outstanding matters under discussion with any taxing authorities with respect to
the payment of Taxes or Sellers' or the Subsidiaries' Tax returns. There are no
liens with respect to Taxes (except for liens for taxes, assessments or other
governmental charges not yet due and payable) upon any of the Purchased Assets.
To the knowledge of Sellers, no facts exist or have existed that would
constitute grounds for the imposition of any lien with respect to Taxes upon any
of the Purchased Assets or that would otherwise obligate Buyer to pay any Taxes
related to or arising out of the conduct of the Business of Sellers prior to the
Closing. (b) Neither Parent nor Sellers nor the Subsidiaries have waived any
statute of limitations in respect of Taxes or agreed to any extension of time
with respect to a Tax assessment of deficiency.

      (c) The amount provided on the Final Closing Balance Sheet for all Taxes
will be adequate to cover all unpaid liabilities for Taxes, whether or not
disputed, that have accrued with respect to or are applicable to Pre-Closing Tax
Period and for which the Sellers or the Subsidiaries may be directly or

                                       10
<PAGE>

contingently liable in its own right or as a transferee of the assets of, or
successor to, any Person.

      (d) Neither Seller is a foreign person within the meaning of section
1445(f)(3) of the Code.

      (e) All Taxes which Sellers or the Subsidiaries are required by law to
withhold or collect, including without limitation, sales and use taxes, and
amounts required to be withheld for Taxes of employees, have been duly withheld
or collected and, to the extent required, have been paid over to the proper
governmental authorities or are held in separate bank accounts for such purpose.

      3.11 Compliance with Laws. Except as would not have a material adverse
effect on Sellers, Sellers (i) possess all Permits (including environmental
Permits) that are or were applicable to it or to the conduct or operation of the
Business or the Purchased Assets, and have made such filings as are required by
local, state or federal governments in connection therewith; (ii) is in
compliance with applicable Laws (including Environmental Laws), and (iii) is not
liable for any penalties for failure to comply with any of the foregoing.

      3.12 Title to Assets. Except as set forth on Schedule 3.12, and except
with respect to the Leased Real Property, which is addressed in Section 3.6,
Sellers or the Subsidiaries, as applicable, are the owner of the Purchased
Assets and on the Closing Date will have good and marketable title to the
Purchased Assets, free and clear of all Liens and defects of title of any nature
whatsoever except for Liens related to Assumed Liabilities. Except as set forth
on Schedule 3.12, Sellers have made adequate provisions for the release and/or
satisfaction, as applicable, of all such Liens and other matters set forth on
Schedule 3.12 prior to the Closing, and all such Liens and other matters shall
be released and/or satisfied prior to the Closing. Except as set forth in
Schedule 3.12, Sellers own directly or indirectly, all of the outstanding
capital stock or membership interests, as applicable, of the Subsidiaries free
and clear of all liens and defects of title of any nature.

      3.13 Environmental Matters.

      (a) Sellers (i) are, and at all times have been, in compliance with all
Environmental Laws, (ii) are not liable under any Environmental Laws for
remediation or other costs, (iii) have not received any communication (written
or oral) that alleges that it is not, or at any time has not been, in such
compliance, or have caused exposure of any Person or the environment to any
Hazardous Substance, (iv) have all the governmental authorizations required by
the Environmental Laws for the conduct of the Business and (v) except as set
forth on Schedule 3.13(a), know of no facts or circumstances that may result in
liability on the part of Buyer under or prevent or substantially increase the
cost of Buyer's compliance with the Environmental Laws in the future as the
result of Buyer's ownership of the Purchase Assets.

      (b) Schedule 3.13(b) identifies, to Sellers' knowledge, all environmental
reports, audits or assessments, all occupational health studies, all regulatory
inspections reports and correspondence with regulatory authorities in connection

                                       11
<PAGE>

with environmental matters, and all documents pertaining to underground and
above-ground storage tanks, polychlorinated biphenyls (PCBs), asbestos in
buildings or products, off-site disposal or wastes, and environmental consent
orders, fines and penalties, in each case, that relate to property or facilities
now or formerly owned, leased or operated by Sellers, including the Property and
the Improvements (such properties and facilities, the "Facilities"), and all
such items have been delivered to Buyer.

      (c) There does not exist, is not occurring and, to Sellers' knowledge, has
not occurred at any time any presence, generation, storage, treatment,
transport, release or disposal of any Hazardous Substance on, in, under, to or
from any Facility in violation of any Environmental Law or that may result in
any liability or obligation of Sellers or Buyer. Sellers have not caused to
occur any presence, generation, storage, treatment, transport, release or
disposal of any Hazardous Substance in violation of any Environmental Law or
that may result in any liability or obligation of Sellers or Buyer.

      (d) Sellers do not own or operate nor, to Sellers' knowledge, have either
formerly owned or operated, any site that, nor have the Sellers sent wastes to a
site that, pursuant to CERCLA or any other state or federal law, (i) has been
placed on the "National Priorities List," the "CERCLIS" list or any other state
or federal list of sites with suspected or confirmed environmental problems,
(ii) is subject to or the source of a claim, administrative order or other
request to take removal or remedial action, or other response or corrective
action, or to pay money under any Environmental Law or (iii) is otherwise the
subject of any federal or state investigation relating to any Environmental Law.

      t 6 0 (e) Schedule 3.13(e) identifies (i) all on-site and off-site
locations where Sellers have stored, disposed or arranged for the disposal of
Hazardous Substances, (ii) all on-site and off-site locations where Sellers have
used, stored or disposed of Hazardous Substances, except for storage of
cleaning, pest control and office supplies held for use by Sellers in the
ordinary course of business, (iii) all underground storage tanks, and the
capacity and contents of such tanks, located on any property owned, leased or
otherwise occupied by Sellers, (iv) all asbestos contained in or forming part of
any building, building component, structure or premises owned, leased or
otherwise occupied by Sellers and (v) all polychlorinated biphenyls used or
stored at any property owned, leased or otherwise occupied by Sellers.

      (f) No products made, manufactured, constructed, distributed, sold,
leased, supported or installed by Sellers contain asbestos, asbestos-containing
material, mercury, mercury-containing material, polychlorinated biphenyls or
polychlorinated biphenyl-containing material.

      3.14 Liabilities. Schedule 3.14 sets forth a complete and accurate list of
all liabilities of Sellers and the then current balances, accrued, interest
through the date hereof or the Closing Date, as applicable, and prepayment and
other costs or expenses payable by Sellers in connection with such liabilities.
Except as set forth on Schedule 3.14, neither Sellers nor the Subsidiaries have
any liabilities of any nature, whether known or unknown, absolute, accrued,
contingent or otherwise, except for (i) liabilities set forth on the most recent
audited Financial Statements or Interim Financial Statements and (ii)
liabilities incurred in the ordinary course of business since the date of the
Interim Financial Statements, none of which relates to, is in the nature of, or
was caused by any breach of contract, breach or warranty, tort, infringement or
violation of legal requirements. To the knowledge of Sellers, no facts or
circumstances exist that, with or without the passing of time or the giving of

                                       12
<PAGE>

notice or both, might reasonably serve as the basis for additional liabilities
of Sellers that could adversely affect the Purchased Assets or Buyer's ability
to use or further transfer the Purchased Assets.

      3.15 Sufficiency/Condition of Purchased Assets. The Purchased Assets
constitute all of the assets used by Sellers in connection with the operation of
the Business and all of the assets necessary to conduct the Business as
presently conducted by Sellers. All such Purchased Assets are in good working
order and condition, reasonable wear and tear excepted. All inventory of Sellers
is usable or saleable in the ordinary course of Business. All of the inventory
is located on the Leased Real Property. Except as set forth on Schedule 3.15,
Sellers are not in possession of, and there is not located on the Leased Real
Property, any inventory or any other personal property not owned by Sellers,
including goods already sold. No customer of Sellers have the right to return
for credit or refund items pursuant to any agreement, understanding or practice
of Sellers with respect to taking back any product (other than with respect to
defective products).

      3.16 Permits. Sellers have all of the Permits that are necessary to enable
Sellers to own, lease, or otherwise hold its properties, including the Purchased
Assets, or to enable Sellers to carry on its Business as presently conducted.
Schedule 3.16 lists all of the Permits of Sellers and except as set forth on
such Schedule 3.16, the Permits are not subject to any restrictions or
conditions that would limit the Business as presently conducted. The Permits are
in full force and effect, and no violations of any such Permits have occurred or
to the knowledge of Sellers, have been alleged to have occurred.

      3.17 Employment Matters

      (a) Schedule 3.17(a) sets forth a complete and accurate list of the
following information for all employees of Sellers: name; job title; current
compensation paid or payable and reportable on form W-2 Wage and Tax Statement;
vacation accrued and unpaid as of the Closing; and date of hire.

      (b) Except as set forth on Schedule 3.17(b), Sellers and the Subsidiaries
are neither a party to, nor do any of them maintain, nor any of them required to
make any payment or other contribution under, any employment contract,
noncompete agreement, or employee benefit plan or arrangement, whether oral or
written, qualified or non-qualified, including, without limitation, any pension
or welfare plan, withdrawal, termination, severance or lay-off plan or
arrangement, bonus plan, stock option plan, health or life insurance plan,
policy or benefit, vacation or sick leave policy or any other agreement or
arrangement providing for remuneration or benefits to employees or former
employees of Sellers (each a "Benefit Plan"). All Benefit Plans comply in form
and in operation with all applicable requirements of Laws. There have been no
"prohibited transactions" (as described in Section 406 of ERISA or Section 4975
of the Code) with respect to any Benefit Plan governed by ERISA and maintained
by Sellers or to which Sellers have been a party. Sellers have delivered to
Buyer a true and correct copy of each Benefit Plan (and each related contract)
and the annual report (as described in Section 103 of ERISA) most recently filed
for each Benefit Plan governed by ERISA and listed on Schedule 3.17(a), and
there have been no material changes in the financial condition in such plans
from that stated in the annual reports supplied. Each Benefit Plan that is
intended to be qualified under Section 401(a) of the Code has received a

                                       13
<PAGE>

favorable determination letter from the Internal Revenue Service and nothing has
occurred since the most recent favorable determination letter that would
adversely affect any such Benefit Plan's qualified status.

      (c) There is no material controversy pending or threatened between Sellers
or the Subsidiaries or the Subsidiaries and any of its current or former
managers, officers, directors, supervisory personnel or any group of its
employees.

      (d) No employee of Sellers or the Subsidiaries has informed Sellers or the
Subsidiaries of his or her intention to terminate his or her employment or to
refuse employment by Buyer.

      3.18 Insurance. Schedule 3.18 lists all of the insurance policies
maintained by Sellers as of the Closing Date, and for each indicates the
insurer's name, policy number, expiration date and amount and type of coverage.
Since beginning its business operations, Sellers have been, and presently is,
insured against the normal risks of its Business on an occurrence basis,
including general liability insurance in aggregate annual amounts of not less
than those shown on Schedule 3.18. Sellers are not in default under any policy
or bond. Sellers have timely filed claims with insurers with respect to all
matters and occurrences for which Sellers believe either has coverage. Sellers
have not received any notification from any insurer regarding a policy with
respect to Sellers, including the Purchased Assets, requiring any action of
Sellers that has not been taken by Sellers.

      3.19 Accounts Receivable. All of Sellers' accounts, notes and other
receivables (i) represent valid and bona fide claims, (ii) were acquired or
arose in the ordinary course of business and (iii) will be fully collectible in
the aggregate face amounts thereof in the ordinary course of business net of
reserves shown on the Financial Statements, without set-off, within ninety (90)
days from the Closing Date.

      3.20 Full Disclosure. No statement contained in this Agreement or in any
document, certificate, or other writing furnished or to be furnished by Sellers
with respect to this Agreement contains or will contain any untrue statement of
a material fact or omits or will omit to state any material fact that was
necessary, in light of the circumstances under which it was made, in order to
avoid statements herein or therein being misleading.

      3.21 Brokers. Except as set forth on Schedule 3.21, no broker, finder or
other Person is entitled to any brokerage fees, commissions or finder's fees in
connection with the transactions contemplated hereby by reason of any action
taken by Sellers. Sellers shall be solely responsible for any brokerage fees,
commissions or finder's fees due to any Person in connection with the
transactions contemplated by this Agreement

      3.22 Intellectual Property Assets.

      (a) Ownership and Right to Use. Sellers or the Subsidiaries own all of the
Intellectual Property Assets. Neither Sellers nor the Subsidiaries have any
obligation to pay any royalty or other fee to any Person relating to any
Proprietary Right and are under no obligation to any other Person to register,
protect or otherwise take any action with respect to any Proprietary Right.
There is no contract that grants any Person a license in any Proprietary Right.

                                       14
<PAGE>

      (b) Marks and Trade Names. Schedule 3.22(b) lists each mark and trade
name, including the Logisoft Marks, that has been used by Sellers or the
Subsidiaries during the last five years to identify their goods, services or
business and lists each registration that has been filed or obtained by Sellers
or the Subsidiaries with respect to any marks. Sellers and the Subsidiaries have
the exclusive right to use each such mark and trade name within the scope, and
in the geographic area, of its present use. To Sellers' knowledge: (i) no other
Person is using a trade name similar to one included in the Intellectual
Property Assets to describe a business that is similar to Sellers' or the
Subsidiaries' business; (ii) no other Person is using a mark similar to one
included in the Intellectual Property Assets to describe products or services
that are similar to the products and services of the Sellers or the
Subsidiaries; and (iii) no other Person is currently using any mark or trade
name in a manner that would preclude the Sellers or the Subsidiaries from using
the marks and trade names included in the Intellectual Property Assets.

      (c) No Infringement. Sellers and the Subsidiaries have not interfered
with, infringed upon or misappropriated any proprietary right of any other
Person and the continued operation of the Business by Buyer, in the manner that
such business is currently conducted or proposed to be conducted, will not
interfere with, infringe upon or misappropriate any proprietary right of any
other Person. To Sellers' knowledge, no Person is interfering with, infringing
upon or misappropriating any Proprietary Right. No claim has been asserted
against Sellers or the Subsidiaries by any Person: (i) that such Person has any
right, title or interest in or to any of the Intellectual Property Assets; (ii)
that such Person has the right to use any of the marks or trade names included
in the Intellectual Property Assets, including the Logisoft Marks; (iii) to the
effect that any past, present or projected act or omission by Sellers infringes
any proprietary right of such Person; or (iv) that challenges Sellers' or the
Subsidiaries' right to use any of the Intellectual Property Assets. No facts or
circumstances exist that, with or without the passing of time or the giving of
notice or both, might reasonably serve as the basis for any such claim.

                                   ARTICLE 4

                     REPRESENTATIONS AND WARRANTIES OF BUYER

         Buyer represents and warrants to Sellers as follows:

      4.1 Organization. Buyer is a limited liability company duly organized,
validly existing and in good standing under the laws of the State of Delaware
and has the requisite power and authority to own, lease and operate its assets,
and to carry on its business as now being conducted.

      4.2 Authorization; Enforceability. Buyer has the requisite power and
authority to execute and deliver this Agreement and to consummate the
transactions contemplated hereby. The execution and delivery of this Agreement
and the consummation of the transactions contemplated hereby by Buyer have been
duly and validly authorized by all necessary action on the part of Buyer and no
other proceedings on the part of Buyer are necessary to authorize this Agreement
or to consummate the transactions contemplated hereby. This Agreement has been
duly and validly executed and delivered by Buyer and constitutes the legal,
valid and binding agreement of Buyer enforceable against it in accordance with
its terms, except as enforcement may be limited by applicable bankruptcy,

                                       15
<PAGE>

insolvency, reorganization, moratorium or similar laws affecting the rights of
creditors generally or the fact that specific performance is a remedy within the
discretion of any court.

      4.3 Consents and Approvals. No permit, consent, approval or authorization
of, or declaration to, or filing with, any governmental or regulatory authority
is required in connection with any respect of the execution, delivery and
performance of this Agreement by Buyer.

      4.4 Litigation. There are no civil, criminal or administrative actions,
suits or investigations pending or, to Buyer's knowledge, threatened against
Buyer that could prevent Buyer from acquiring the Purchased Assets from Sellers
according to the terms set forth in this Agreement.

      4.5 Knowledge of Breach by Sellers. As of the date hereof, Buyer has no
actual knowledge of the breach by Sellers of any representation or warranty of
Sellers contained in Article 3 of this Agreement.

                                   ARTICLE 5

                            COVENANTS OF THE PARTIES

      5.1 Conduct of Business. During the period from the date of this Agreement
to the Closing Date, Sellers shall conduct the Business in a manner consistent
with prior practice and in the ordinary and usual course. Without limiting the
generality of the foregoing, prior to the Closing Date, without the prior
written consent of Buyer, Sellers shall not, except in the ordinary course of
business:

      (a) enter into any contract or commitment involving more than $1,000
relating to the operation of the Business or the Purchased Assets;

      (b) create, assume or suffer to exist any Lien with respect to the
Purchased Assets, whether now owned or hereafter acquired; or

      (c) sell, assign, lease, transfer, or otherwise dispose of any of the
Purchased Assets other than in the ordinary course of business.

      5.2 Financial Statements. During the period from the date hereof until the
Closing Date, Sellers shall furnish to Buyer, from time to time and when
available in accordance with its usual business practices, but in a reasonable
timely manner, unaudited financial statements relating to the Business as
prepared by Sellers in accordance with its usual business practices. Said
financial statements, as well as the Financial Statements furnished pursuant to
Section 3.4, shall fairly present the results of operations and the financial
position of Sellers in accordance with GAAP consistently applied for the time
periods covered.

      5.3 Access to Information.

      (a) From and after the date of this Agreement, Sellers will use
commercially reasonable efforts to (i) give Buyer and its authorized
representatives reasonable access during normal business hours to the Purchased

                                       16
<PAGE>

Assets and to all books, records, offices and other facilities and properties
relating thereto, (ii) permit Buyer to make such inspections thereof as Buyer
may reasonably request, and (iii) cause Sellers' officers or other appropriate
officials to furnish Buyer with such financial and operating data and other
information with respect to the Purchased Assets as Buyer may from time to time
reasonably request.

      (b) After the Closing, Buyer shall use commercially reasonable efforts to
grant Sellers and its authorized representatives reasonable access during normal
business hours to such financial and operating data and other information with
respect to the Business as Sellers may from time to time reasonably request
relating to its prior ownership of the Business or its obligations under this
Agreement.

      5.4 Further Assurances. Subject to the terms and conditions of this
Agreement, each of the Parties hereto will use all reasonable efforts to take,
or cause to be taken, all actions, and to do, or cause to be done, and shall
cooperate fully with the other Parties in taking or doing all things necessary,
proper or advisable under applicable laws and regulations to consummate and make
effective the sale of the Purchased Assets pursuant to this Agreement. From time
to time after the Closing Date, without further consideration, Sellers will, at
their expense, execute and deliver, or cause to be executed and delivered, such
documents to Buyer as Buyer may reasonably request in order to more effectively
vest in Buyer good title to the Purchased Assets. From time to time after the
Closing Date, without further consideration, Buyer will, at Buyer's expense,
execute and deliver such documents to Sellers as Sellers may reasonably request
in order to more effectively consummate the sale of the Purchased Assets
pursuant to this Agreement.

      5.5 Consummation of Agreement. Sellers and Buyer shall each use
commercially reasonable efforts to perform or fulfill all conditions and
obligations to be performed or fulfilled by it under this Agreement so that the
transactions contemplated hereby shall be consummated. Except for events that
are the subject of specific provisions of this Agreement, if any event should
occur, either within or outside the control of Buyer or Sellers, that would
materially delay or prevent fulfillment of the conditions upon the obligations
of any Party to consummate the transactions contemplated by this Agreement,
Buyer and Sellers shall use their respective commercially reasonable and good
faith efforts to cure or minimize the same as expeditiously as possible.7

      5.6 Employees; Employee Benefits. Buyer shall have the right to hire any
or all of Sellers' employees. Any employees of Sellers who become employees of
Buyer on the Closing Date ("Buyer's Employees") shall not thereafter participate
in any Benefit Plans, arrangements, commitments, or policies currently provided
by Sellers or any affiliate of Sellers. Buyer shall not adopt, assume, or
otherwise become responsible for any assets or liabilities of any Benefit Plans.
All liabilities and obligations to employees of Sellers for benefits,
liabilities, obligations or termination benefits accrued prior to the Closing
shall be, and remain, the responsibility of Sellers, and any cost relating to
the termination of any employee of Sellers who is not hired by Buyer shall be
the sole responsibility of Sellers. Sellers shall not be liable for any
liability or obligation that may arise from the discontinuance, suspension, or
modification by Buyer after the Closing of any of Buyer's Employees, or of the
benefits provided to Buyer's Employees after the Closing.

                                       17
<PAGE>

      5.7 Use of Certain Names. Within 20 days of the Closing, Sellers shall
change their names to a name that does not contain "Logisoft,"
"eStorefronts.net" or any other Sellers Mark.

      5.8 Balance Sheet Accruals. All obligations and liabilities of Sellers
under the Assumed Contracts for periods prior to and including the Closing Date
shall be accrued on the Final Closing Balance Sheet. All obligations and
liabilities of Sellers under the Benefit Plans listed on Schedule 3.17(a) for
periods prior to and including the Closing Date shall be accrued on the Final
Closing Balance Sheet.

      5.9 Use of Proceeds. Sellers shall use, or shall require Parent to use,
the proceeds of the Closing, contemporaneously with and as a condition to the
Closing, to provide security for certain letters of credit issued by Regions
Bank on account of Parent, or its affiliates, (the "Letters of Credit") in order
to obtain a full and complete release of the personal guarantee made by K.
Wesley M. Jones in favor of Regions Bank which personal guarantee guarantees the
Letters of Credit. At the Closing, Buyer shall use the proceeds of Closing to
pay in full the remaining balance, including accrued interest and fees or
charges, of the Keltic Line of Credit.

      5.10 No Other Negotiations. From March 3, 2005, through April 30, 2005,
Sellers shall not, directly or indirectly, solicit, or authorize any person to
solicit, any third party to make any inquiries or proposals relating to the
purchase of the Purchased Assets or Sellers or the Subsidiaries, whether through
an asset or stock acquisition, merger or other form, provide any such third
party with information or assistance or enter into any discussions or
negotiations with any such third party in furtherance of such inquiries or
proposals, or entertain any offers (other than the offer proposed herein) for
any such purchase of Sellers or any of the assets of Sellers. If Sellers breach
this Section 5.10, then Sellers will immediately pay to Buyer a fee of $150,000.

                                   ARTICLE 6

                               CLOSING CONDITIONS

      6.1 Mutual Conditions. The respective obligations of each Party to effect
the transactions contemplated hereby shall be subject to the following
conditions:

      (a) Neither Sellers nor Buyer shall be subject on the Closing Date to any
order, decree or injunction of a court of competent jurisdiction that enjoins or
prohibits the performance of this Agreement or the consummation of the
transactions contemplated hereby, nor shall there be pending a suit or
proceeding by any governmental authority that seeks injunctive or other relief
in connection with this Agreement or transactions contemplated hereby; and

      (b) All governmental consents necessary for the transfer of the Purchased
Assets to Buyer and the conduct of the Business by Buyer shall have been
received.

      6.2 Conditions to the Obligations of Sellers. The obligations of Sellers
to effect the transactions contemplated hereby shall be further subject to the
fulfillment at or prior to the Closing of the following conditions, any one or
more of which Sellers may waive:

      (a) All representations and warranties of Buyer contained in this
Agreement shall be true and correct in all material respects as of the Closing

                                       18
<PAGE>

Date as though made as of such date except for those representations and
warranties which speak as of a specific date, Buyer shall have performed and
complied in all material respects with all covenants and agreements contained in
this Agreement required to be performed and complied with by it at or prior to
the Closing, and Sellers shall have received a certificate signed by a manager
of Buyer to the foregoing effect;

      (b) Buyer shall have made all deliveries required of it under Section 2.6;
and

      (c) All other documents required to have been delivered by Buyer to
Sellers, and all other actions required to have been taken by Buyer, at or prior
to the Closing, shall have been delivered or taken.

      6.3 Conditions to the Obligations of Buyer. The obligations of Buyer to
effect the transactions contemplated hereby shall be further subject to the
fulfillment at or prior to the Closing of the following conditions, any one or
more of which Buyer may waive:

      (a) All representations and warranties of Sellers contained in this
Agreement shall be true and correct in all material respects as of the Closing
Date as though made as of such date, Sellers shall have performed and complied
in all material respects with all covenants and agreements contained in this
Agreement required to be performed and complied with by it at or prior to the
Closing Date, and Buyer shall have received a certificate signed by an executive
officer, manager or member of Sellers to the foregoing effect;

      (b) Sellers shall have made all deliveries required of them under Section
2.5;

      (c) Buyer shall have reached employment relationships with employees of
Sellers to Buyer's satisfaction, which may include invention assignment,
proprietary rights and noncompete agreements to be executed by such employees;

      (d) Buyer shall have entered into an employment agreement on terms
satisfactory to Buyer with the following employees of Sellers set forth on
Schedule 6.3(d);

      (e) Parent shall have obtained a release of the personal guarantee of the
Letters of Credit as provided in Section 5.9; and

      (f) All other documents required to have been delivered by Sellers to
Buyer, and all other actions required to have been taken by Sellers, at or prior
to the Closing, shall have been delivered or taken.

                                   ARTICLE 7

              LIMITED SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION

      7.1 Survival of Representations.

      (a) All representations, warranties, covenants and obligations made in
this Agreement or any certificate or document delivered pursuant hereto shall
survive the Closing. All representations and warranties in this Agreement shall
expire on the second anniversary of the Closing Date (other than the

                                       19
<PAGE>

representations and warranties in Section 3.10 of this Agreement which continue
in full force and effect until, and all indemnification claims with respect
thereto shall be made prior to, 90 days after the expiration of any applicable
statute of limitations (including any extensions or waivers thereof)), except
for representations, warranties and related indemnities for which an
indemnification claim shall be pending as of the end of the applicable period
referred to above, in which event such indemnities shall survive with respect to
such indemnification claim until the final disposition thereof) and all
covenants and obligations in this Agreement shall survive indefinitely. No
action may be brought with respect to any breach of a representation or warranty
herein unless a written notice describing the alleged breach has been delivered
to the alleged breaching party prior to the second anniversary of the Closing
Date; provided that upon the giving of such notice, notwithstanding any other
provision of this Agreement, the representation and warranty that is the basis
of such action shall survive only with respect to such action beyond the second
anniversary of the Closing Date, and only until the resolution of such action
pursuant to this Agreement.

      (b) The right to indemnification, reimbursement or other remedy based upon
such representations, warranties, covenants and obligations shall not be
affected, deemed to be waived or otherwise diminished as a result of any
investigation conducted with respect to, or any knowledge acquired (or capable
of being acquired) at any time, whether before or after the execution and
delivery of this Agreement or the Closing Date, with respect to the accuracy or
inaccuracy of or compliance with any such representation, warranty, covenant or
obligation. The waiver of any condition based upon the accuracy of any
representation or warranty, or on the performance of or compliance with any
covenant or obligation, shall not affect the right to indemnification,
reimbursement or other remedy based upon such representations, warranties,
covenants and obligations.

      7.2 Sellers' Agreement to Indemnify. Subject to the conditions and
provisions set forth herein, Sellers shall defend, indemnify and hold harmless
Buyer, its members, managers, officers, employees, and agents, and their
successors and assigns (collectively, the "Buyer Indemnified Parties"), against
and in respect of any loss, liability, claim, damage, expense (including costs
of investigation and defense and reasonable attorneys' fees and expenses) or
diminution in value (collectively, "Damages") arising from or in connection
with:

      (a) any breach of the representations or warranties of Sellers set forth
in this Agreement or in any other certificate, document, writing or instrument
delivered by Sellers in connection herewith; (b) any breach or other failure to
perform any covenant, agreement or obligation of Sellers or of Parent set forth
in this Agreement or in any other certificate, document, writing or instrument
delivered by Sellers in connection herewith;

      (c) any liability arising out of the ownership or operation of the
Business or Purchased Assets prior to the Closing;

      (d) any noncompliance with any bulk sales laws or fraudulent transfer law
resulting from the transactions contemplated by this Agreement; and

                                       20
<PAGE>

      (e) any liability other than the Assumed Liabilities (including any other
liability that becomes, or is alleged to have become, a liability of Buyer under
any applicable bulk sales law, under any doctrine of de facto merger or
successor liability, or otherwise by operation of law).

      7.3 Buyer's Agreement to Indemnify. Subject to the conditions and
provisions set forth herein, Buyer shall defend, indemnify and hold harmless
Sellers, their shareholders, officers, employees, and agents, and their
successors and assigns (collectively, the "Seller Indemnified Parties"), against
and in respect of any Damages arising from or in connection with:

      (a) any breach of the representations or warranties of Buyer set forth in
this Agreement or in any other certificate, document, writing or instrument
delivered by Buyer in connection herewith;

      (b) any breach or other failure to perform any covenant, agreement or
obligation of Buyer set forth in this Agreement or in any other certificate,
document, writing or instrument delivered by Buyer in connection herewith;

      (c) any other claim related to an act or omission of Buyer incurred with
respect to the operation of the Business by Buyer from and after the Closing;
and

      (d) any Assumed Liabilities.

      7.4 Limitations. Notwithstanding any provision herein to the contrary,
Sellers will have no liability (for indemnification or otherwise) with respect
to matters described in Section 7.2 (a) unless and until the total of all
Damages with respect to such matters exceeds an amount equal to $50,000 (the
"Deductible"), and only to the extent such Damages exceeds an amount equal to
$50,000 and (b) to the extent the total of all Damages with respect to such
matters exceeds an amount equal to the Purchase Price; provided that the
foregoing limitations shall not apply to any breach or alleged breach of any
representation or warranty set forth in Section 3.10, Section 3.12, or 3.19 or
that, to the Sellers' knowledge, was inaccurate when made (whether upon
execution of this Agreement or at Closing), or to any claim arising from a
breach of the covenant set forth in Section 5.9, or any claims arising with
respect to Retained Liabilities, as to which the Sellers shall be liable in
full. For purposes of determining damages under this Section 7.4 resulting from
a breach of the representations or warranties, such representations and
warranties shall be interpreted to disregard all materiality qualifiers.

      7.5 Third-Party Claims

      (a) If any Person shall claim indemnification hereunder arising from any
claim or demand of a third party, the party seeking indemnification (the
"Indemnified Party") shall promptly notify the Buyer or the Sellers, as the case
may be (in either case, the "Indemnifying Party") in writing of the basis for
such claim or demand setting forth the nature of the claim or demand in
reasonable detail. The failure of the Indemnified Party to so notify the
Indemnifying Party shall not relieve the Indemnifying Party of its
indemnification obligation hereunder except to the extent the Indemnifying Party
demonstrates that the defense of such claim or demand is materially prejudiced
by the failure to give such notice.

                                       21
<PAGE>

      (b) If any legal proceeding or action is brought by a third party against
an Indemnified Party and the Indemnified Party gives notice to the Indemnifying
Party pursuant to Section 7.5(a), the Indemnifying Party will be entitled to
participate in such proceeding and, to the extent that it wishes, to assume the
defense of such proceeding if (i) the Indemnifying Party provides written notice
to the Indemnified Party that the Indemnifying Party intends to undertake such
defense and the Indemnifying Party will indemnify the Indemnified Party against
all claims for indemnification resulting from or relating to such third-party
claim, (ii) the Indemnifying Party provides to the Indemnified Party evidence
acceptable to the Indemnified Party that the Indemnifying Party will have the
financial resources to defend against the third-party claim and to fulfill its
indemnification obligations hereunder, (iii) the Indemnifying Party conducts the
defense of the third-party claim actively and diligently with counsel reasonably
satisfactory to the Indemnified Party, and (iv) if the Indemnifying Party is a
party to the proceeding, joint representation would not be inappropriate. In the
event a conflict of interest of the parties exists, the Indemnified Party shall
have the right to employ separate counsel (who shall be reasonably satisfactory
to the Indemnifying Party) in any such action and to participate in the defense
thereof, and the fees and expenses of such counsel shall be paid by such
Indemnified Party. The Indemnified Party shall fully cooperate with the
Indemnifying Party and its counsel in the defense or compromise of such claim or
demand, provided that all out-of-pocket expenses incurred by Indemnified Party
shall be paid by the Indemnifying Party (except as aforesaid).

      (c) If the Indemnifying Party assumes the defense of a proceeding, no
compromise or settlement of such claims may be effected by the Indemnifying
Party without the Indemnified Party's written consent unless (i) there is no
finding or admission of any violation of law or any violation of the rights of
any Person and no effect on any other claims that may be made against the
Indemnified Party, and (ii) the sole relief provided is monetary damages that
are paid in full by the Indemnifying Party; and (iii) the Indemnified Party
shall have no liability with respect to any compromise or settlement of such
claims effected without its consent, which consent shall not be unreasonably
withheld. Should one or more but not all of the Indemnifying Parties agree to
defend any such third-party claim, the Indemnifying Party or parties not
participating in the defense of the claim shall be bound by the acts and
agreements of the other or others.

      (d) If (i) notice is given to the Indemnifying Party of the commencement
of any proceeding and the Indemnifying Party does not, within ten (10) days
after the Indemnified Party's notice is given, give notice to the Indemnified
Party of its election to assume the defense of such proceeding, (ii) any of the
conditions set forth in clauses (i)-(iv) of Section 7.5(b) become unsatisfied,
or (iii) an Indemnified Party determines in good faith that there is a
reasonable probability that a proceeding may adversely affect it other than as a
result of monetary damages for which it would be entitled to indemnification
under this Agreement, the Indemnified Party will (upon further notice to the
Indemnifying Party) have the right to undertake the defense, compromise or
settlement of such claim; provided that the Indemnifying Party will reimburse
the Indemnified Party promptly and periodically for the costs of defending
against the third-party claim (including reasonable attorneys' fees and
expenses) and the Indemnifying Party will remain responsible for any
indemnifiable amounts arising from or related to such third-party claim. The
Indemnifying Party may elect to participate in such proceedings, negotiations or
defense at any time at its own expense.

                                       22
<PAGE>

      7.6 Exclusive Remedy. From and after the Closing, Buyer's and Sellers'
right to indemnification under this Article 7 shall be Buyer's and Sellers' sole
and exclusive remedy for damages under or with respect to this Agreement or the
transactions contemplated hereby, and neither Buyer nor Sellers shall be
entitled to pursue, and each of Buyer and Sellers hereby expressly waive, any
and all rights that may otherwise be available either at law or in equity with
respect thereto.

      7.7 Arbitration; Jurisdiction; Service of Process.

            (a) Any dispute, controversy or claim arising out of or in
connection with or relating to this Agreement, any breach or alleged breach
hereof, or the contemplated hereby, which cannot be amicably settled, shall be
resolved and settled solely and exclusively by arbitration, pursuant to the
commercial arbitration rules then in effect of the American Arbitration
Association ("AAA"). An arbitration panel (the "Panel") shall be formed of one
arbitrator approved by the AAA, appointed by the mutual agreement of the
parties, or, in the event of failure of the parties to agree within 30 days, by
the AAA. Any arbitration initiated pursuant to this Section 7.7(a) shall be held
in Charlotte, North Carolina.

            (b) The fees and disbursements of the Panel shall be allocated
equally between Buyer and Sellers. Each party shall bear and pay for the costs
of its own experts, witnesses, evidence, counsel and other costs in connection
with the preparation and presentation of its case. Notwithstanding the
foregoing, in the event either party alleges fraud or that the position of the
other party is not supportable in good faith, and the Panel finds that such
fraud or bad faith exists, the Panel shall be free to award such fees,
disbursements and costs in the Panel's discretion.

            (c) The resolution of the arbitration shall be final and binding on
the parties hereto and enforceable in a court of competent jurisdiction. Any
arbitration shall be governed by the rules of discovery then in effect in the
United States District Court for the Western District of North Carolina. The
parties hereto hereby irrevocably submit to the nonexclusive jurisdiction of
courts of the State of North Carolina, Mecklenburg County, or if it has or can
acquire jurisdiction, the United States District Court for the Western District
of North Carolina for the purpose of enforcing any arbitration award. Each of
the parties hereto waives personal service to any and all process upon them, and
each consents that all such service of process be made by certified mail
directed to its address shown in Section 9.4. Process in any action or
proceeding referred to in this Section 7.7 may be served on any party anywhere
in the world. The parties each waive trial by jury and waive any objection to
venue of any action or proceeding instituted hereunder.

                                   ARTICLE 8

                                   TERMINATION

      8.1 Termination. This Agreement may be terminated:

      (a) by mutual written consent of Buyer and Sellers;

                                       23
<PAGE>

      (b) by either Buyer or Sellers, if there shall be any law or regulation
that makes consummation of this Agreement illegal or otherwise prohibited or if
any judgment, injunction, order or decree permanently enjoining the Parties from
consummating this Agreement is entered and such judgment, injunction, order or
decree shall become final and non-appealable;

      (c) by Buyer or Sellers, if the conditions to its obligation to effect the
Closing shall not have been fulfilled or waived by April 30, 2005, and if the
Party seeking termination is in material compliance with all of its obligations
under this Agreement;

      (d) by either Buyer or Sellers, if the other shall have breached any of
its material obligations, covenants or agreements hereunder and shall not have
cured such breach, to the reasonable satisfaction of the non-breaching Party,
within 10 days after notice thereof from the non-breaching Party; or

      (e) by either Buyer or Sellers, if any other condition of its obligation
to effect the Closing shall have become incapable of fulfillment,
notwithstanding the best efforts of the Party seeking to fulfill such condition,
and such condition shall not have been waived within 10 days after notice
thereof from the Party incapable of fulfilling such condition.

      8.2 Procedure and Effect of Termination or Failure to Close. In the event
of termination of this Agreement and abandonment of the transactions
contemplated hereby by any or all of the Parties pursuant to Section 8.1, prompt
written notice thereof shall be given to the other Parties and this Agreement
shall terminate and the transactions contemplated hereby shall be abandoned,
without further action by any of the Parties. Upon termination of this Agreement
pursuant to Section 8.1:

      (a) none of the Parties hereto nor any of their partners, directors,
officers, managers, shareholders, members, employees, agents, or affiliates
shall have any liability or further obligation to the other Parties or any of
their partners, directors, officers, managers, shareholders, members, employees,
agents, or affiliates pursuant to this Agreement with respect to which
termination has occurred, except any Party shall nevertheless be entitled to
seek any remedy to which it or they may be entitled at law or in equity for the
material violation or breach by any other Party of any agreement or covenant
contained in this Agreement; and

      (b) all filings, applications and other submissions relating to the
transactions contemplated herein shall, to the extent practicable, be withdrawn
from the agency or other person to which made.

                                   ARTICLE 9

                            MISCELLANEOUS PROVISIONS

      9.1 Expenses and Prorations.

      (a) Whether or not the transactions contemplated hereby are consummated,
except as otherwise provided in this Agreement, each Party shall pay all costs
and expenses incurred by such Party in connection with this Agreement and the
transactions contemplated hereby.

                                       24
<PAGE>

      (b) Sellers shall pay (i) all applicable Taxes due upon transfer of the
Property to Buyer and (ii) any sales or use Taxes arising out of the
transactions contemplated herein.

      (c) Sellers shall be responsible for, and as of the Closing shall have
paid, all real property Taxes, personal property Taxes and similar ad valorem
Taxes on the Purchased Assets levied in years prior to the year in which the
Closing occurs. Liability for all real property taxes, personal property taxes
and similar ad valorem obligations levied with respect to the Purchased Assets
for a taxable period which includes (but does not end on) the Closing Date (the
"Apportioned Obligations") shall be apportioned between Sellers and Buyer based
on the number of days of such taxable period included in the Pre-Closing Tax
Period and the number of days of such taxable period included in the
Post-Closing Tax Period. Sellers shall be liable for the proportionate amount of
such Apportioned Obligations that is attributable to the Pre-Closing Tax Period.
Buyer shall be liable for the proportionate amount of such Apportioned
Obligations that is attributable to the Post-Closing Tax Period.

      (d) Each of Buyer and Sellers agrees to furnish or cause to be furnished
to the other, upon request, as promptly as practicable, such information
(including access to books and records) and assistance relating to the Purchased
Assets as is reasonably necessary for the filing of any Tax return, the
preparation for any Tax audit, the prosecution or defense of any claim, suit or
proceeding relating to any proposed tax adjustment relating to the Purchased
Assets. Buyer and Sellers agree to retain or cause to be retained all books and
records pertinent to the Purchased Assets until the applicable period for
assessment of Taxes under applicable law (giving effect to any and all
extensions or waivers) has expired, and such additional period as necessary for
any administrative or judicial proceedings relating to any proposed assessment,
and to abide all record retention agreements entered into with any taxing
authority. Buyer and Sellers shall cooperate with each other in the conduct of
any audit or other proceedings for any tax purposes relating to the Purchased
Assets and they shall each execute and deliver such powers of attorney and other
documents as are reasonably necessary to carry out the intent of this Agreement.

      9.2 Amendment and Modification. This Agreement may be amended, modified or
supplemented only by written agreement of Buyer and Sellers.

      9.3 Waiver of Compliance; Consents. Except as otherwise provided in this
Agreement, any failure of a Party to comply with any obligation, representation,
warranty, covenant, agreement or condition herein may be waived by the Party
entitled to the benefits thereof only by a written instrument signed by the
Party granting such waiver, but such waiver or failure to insist upon strict
compliance with such obligation, representation, warranty, covenant, agreement
or condition shall not operate as a waiver of, or estoppel with respect to, any
subsequent or other failure.

      9.4 Notices. All notices and other communications hereunder shall be in
writing and shall be deemed given when delivered by hand or a reputable national
overnight courier service or by e-mail, or when mailed by registered or
certified mail (return receipt requested), postage prepaid, to the Parties in
the manner provided below:

      (a) Any notice to Buyer shall be given to Buyer at the following address:

                                       25
<PAGE>

                           RMK Holdings, LLC
                           4201 Congress Street, Suite 145
                           Charlotte, NC 28209
                           Attn:  K. Wesley M. Jones
                           E-mail Address:  wes.jones@fiveoakscapital.com

                           With a copy to:

                           Mayer, Brown, Rowe & Maw LLP
                           214 North Tryon Street, Suite 3800
                           Charlotte, North Carolina  28202
                           Attn:  Jeffrey P. Cantrell
                           E-mail Address:  jcantrell@mayerbrownrowe.com

      (b)   Any notice to Sellers shall be given to Sellers at the following
            address:

                           c/o RCG Companies Incorporated
                           6836 Morrison Boulevard, Suite 200
                           Charlotte, NC 28211
                           Attn:  Michael D. Pruitt, President
                           E-mail Address:  mdp@rcgcompanies.com

                           With a copy to:

                           Adorno & Yoss, LLP
                           350 East Las Olas Boulevard
                           Suite 1700
                           Fort Lauderdale, Florida 33301
                           Attn:  Joel D. Mayersohn
                           E-mail Address:  jmayersohn@adorno.com

Any Party may change the address to which notice is to be given by notice given
in the manner set forth above.

      9.5 Binding Agreement; Assignment. This Agreement and all of the
provisions hereof shall be binding upon and inure to the benefit of the Parties
and their respective heirs, successors and permitted assigns. No Party hereto
shall assign either this Agreement or any of the rights, interests or
obligations hereunder without the prior written consent of the other Parties,
except that Buyer may assign its rights hereunder to an affiliate of Buyer
without consent.

      9.6 No Rights in Third Parties. Except as specifically provided in Article
7 hereof, this Agreement shall not grant any rights or remedies to any person
that is not a party to this Agreement and no person is a third-party beneficiary
of this Agreement.

      9.7 Governing Law. The internal laws and judicial decisions of the State
of North Carolina shall govern the execution, interpretation and performance of
this Agreement without regard to the conflicts of laws provisions thereof.

                                       26
<PAGE>

      9.8 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Execution by original
signature delivered by facsimile transmission or e-mail shall be deemed to be,
and shall have the same effect as, execution by original signature.

      9.9 Interpretation. The article and section headings contained in this
Agreement are solely for the purpose of reference, are not part of the agreement
of the Parties and shall not in any way affect the meaning or interpretation of
this Agreement. The warranties, representations, covenants, rights and remedies
of the Parties hereunder shall be construed as being cumulative. As used in this
Agreement, "including" means including without limitation.

      9.10 Confidentiality. The mutual obligations of the Parties with respect
to confidentiality will be governed by the Confidentiality Agreement attached
hereto as Exhibit D.

      9.11 Entire Agreement. This Agreement and the other schedules and exhibits
hereto (which are hereby incorporated herein by reference) embody the entire
agreement and understanding of the Parties with respect of the subject matter of
this Agreement. This Agreement supersedes all prior agreements and
understandings between the Parties with respect to the transactions contemplated
hereby.

            [The remainder of this page is intentionally left blank.]

                                       27
<PAGE>

      IN WITNESS WHEREOF, the Parties have executed this ASSET PURCHASE
AGREEMENT as of the date first above written.

                                 LOGISOFT CORP.

                                 By:
                                          -------------------------------------
                                          Robert E. Lamy
                                          President

                                 ESTOREFRONTS.NET CORP.

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

                                RMK HOLDINGS, LLC

                                By:
                                         --------------------------------------
                                         K. Wesley M. Jones
                                         Manager

<PAGE>

                                   APPENDIX I

      "Agreement" has the meaning set forth in the introductory paragraph.

      "Allocation Schedule" has the meaning set forth in Section 2.3.

      "Assignment and Assumption Agreement" has the meaning set forth in Section
2.5(b).

      "Assignment of Lease" has the meaning set forth in Section 2.5(c).

      "Assumed Contracts" has the meaning set forth in Section 1.2(b).

      "Assumed Liabilities" has the meaning set forth in Section 1.4.

      "Bill of Sale" has the meaning set forth in Section 2.5(a).

      "Benefit Plan" has the meaning set forth in Section 3.17(a).

      "Business" has the meaning set forth in the Background Statement.

      "Buyer" has the meaning set forth in the introductory paragraph.

      "Buyer Indemnified Parties" has the meaning set forth in Section 7.2.

      "Buyer's Employees" has the meaning set forth in Section 5.6.

      "Cash" has the meaning set forth in Section 1.2(j).

      "CERCLA" means the Comprehensive Environmental Response, Compensation, and
Liability Act of 1980, as amended by the Superfund Amendments and
Reauthorization Act of 1986, 42 U.S.C. 9601, et seq.

      "Closing" has the meaning set forth in Section 2.4.

      "Closing Date" has the meaning set forth in Section 2.4.

      "Code" means the Internal Revenue Code of 1986, as amended.

      "Damages" has the meaning set forth in Section 7.2.

      "Deductible" has the meaning set forth in Section 7.4.

      "Draft Closing Balance Sheet" has the meaning set forth in Section 2.2(a).

      "Environmental Laws" means any legal requirement that relates to the
generation, storage, handling, discharge, emission, transportation, treatment or
disposal of Hazardous Substances or wastes or to the protection of human health
and the environment, including CERCLA, the Superfund Amendments and
Reauthorization Act of 1986, the Resource Conservation and Recovery Act, the
Clean Water Act, the Federal Water Pollution Control Act, the Safe Drinking

<PAGE>

Water Act, the Toxic Substances Control Act, the Occupational Safety and Health
Act, and the Hazardous Material Transportation Act, in each case as amended, and
the regulations implementing such acts and the state and local equivalent of
such acts and regulations, and common law.

      "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

      "Escrow Amount" means an amount equal to $25,000.

      "Estimated Purchase Price" has the meaning set forth in Section 2.2(a).

      "eStorefronts" has the meaning set forth in the introductory paragraph.

      "Final Closing Balance Sheet" has the meaning set forth in Section 2.2(b).

      "Financial Statements" has the meaning set forth in Section 3.4.

      "Facilities" has the meaning set forth in Section 3.13(c).

      "GAAP" means generally accepted accounting principles as recognized by the
American Institute of Certified Public Accountants, consistently applied.

      "Hazardous Substance" means each substance identified as such under
CERCLA, as well as any other substance or material meeting any one or more of
the following criteria: (x) it is or contains a substance designated as a
hazardous waste, hazardous substance, hazardous material, pollutant, contaminant
or toxic substance under any Environmental Law; (y) it is toxic, reactive,
corrosive, ignitable, infectious, radioactive or otherwise hazardous; or (z) it
is or contains, without limiting the foregoing, petroleum hydrocarbons. Sellers'
use of the Purchased Assets (i) is, and at all times has been, in compliance in
all material respects with all applicable Environmental Laws and (ii) does not
and has not ever resulted in or involved the generation, storage, treatment,
release or disposal of any Hazardous Substance.

      "Indemnified Party" and "Indemnifying Party" have the meaning set forth in
Section 7.5.

      "Intellectual Property Assets" means (i) all fictional business names,
trading names, registered and unregistered trademarks, service marks, and
applications (whether registered or unregistered and whether owned or licensed,
including the trade name "Logisoft" or any word or combination of words similar
thereto or constituting an abbreviation or extension thereof (the "Logisoft
Marks"), domain names and, in each case, any applications therefore
(collectively, "Marks"); (ii) all patents, patent applications, and inventions
and discoveries that may be patentable; (iii) all copyrights in both published
works and unpublished works; (iv) all rights in mask works; and (v) all
know-how, trade secrets, confidential information, customer lists, software,
technical information, data, process technology, plans, drawings, and blue
prints owned, used, or licensed by Seller as licensee or licensor, and shall be
deemed to include such assets owned by Seller or by the Subsidiaries.

      "Interim Financial Statements" has the meaning set forth in Section 3.4.

<PAGE>

      "Keltic Line of Credit" means that certain line of credit in the name of
Logisoft with Keltic Financial Partners, L.P.

      "Laws" has the meaning set forth in Section 3.3.

      "Leased Real Property" has the meaning set forth in Section 1.2(d).

      "Letters of Credit" has the meaning set forth in Section 5.9.

      "Liens" has the meaning set forth in Section 3.3.

      "Logisoft" has the meaning set forth in the introductory paragraph.

      "Net Book Value" means the book value of the assets of the Company less
the book value of the liabilities of the Company as shown on the Company's Draft
Closing Balance Sheet or Final Closing Balance Sheet, as applicable.

      "Noncompetition Agreement" has the meaning set forth in Section 2.5(d).

      "Objection Notice" has the meaning set forth in Section 2.3.

      "Parent" shall mean RCG Companies Incorporated, a Delaware corporation,
and the parent corporation of Logisoft.

      "Party" and "Parties" have the meaning set forth in the introductory
paragraph.

      "Permits" has the meaning set forth in Section 1.2(h).

      "Permitted Liens" has the meaning set forth in Section 3.6.

      "Post-Closing Tax Period" means (i) any Tax period beginning after the
Closing Date and (ii) with respect to a Tax period that commences before but
ends after the Closing Date, the portion of such period after and excluding the
Closing Date.

      "Pre-Closing Tax Period" means (i) any Tax period ending on or before the
close of business on the Closing Date and (ii) in the case of any Tax period
which includes, but does not end on, the Closing Date, the portion of such
period up to and including the Closing Date.

      "Person" means an individual, firm, partnership, limited liability
company, association, unincorporated organization, trust, corporation, or any
other entity.

      "Purchase Price" has the meaning set forth in Section 2.1.

      "Purchase Price Objection Notice" has the meaning set forth in Section
2.2(c).

      "Purchased Assets" has the meaning set forth in Section 1.1.

      "Retained Assets" has the meaning set forth in Section 1.3.

<PAGE>

      "Retained Liabilities" has the meaning set forth in Section 1.4.

      "Sellers" has the meaning set forth in the introductory paragraph.

      "Seller Allocation Schedule" has the meaning set forth in Section 2.3.

      "Seller Indemnified Parties" has the meaning set forth in Section 7.3.

      "Subsidiaries" means Wordstalker LLC, a New York limited liability
company, and Premier Shoe Group, LLC, a New York limited liability company.

      "Tax" and "Taxes" means all taxes, charges, fees, levies or other
assessments (whether federal, state, local or foreign), including income, gross
receipts, excise, property, estate, sales, use, stamp, value added, transfer,
license, payroll, franchise, ad valorem, withholding, social security and
unemployment taxes; and such term shall include any interest, penalties and
additions to such taxes, charges, fees, levies or other assessments.

      "Tax Department" has the meaning set forth in Section 2.2(e).EXHIBIT 10.2

                     GUARANTY AND INDEMNIFICATION AGREEMENT

      THIS GUARANTY (the "Guaranty") is executed and delivered as of April 26,
2005, by RCG COMPANIES INCORPORATED, a Delaware corporation ("Guarantor"), to
RMK HOLDINGS, LLC, a Delaware limited liability company ("RMK").

                              STATEMENT OF PURPOSE

      Contemporaneously with the execution of this Guaranty, RMK has purchased
certain assets and assumed certain liabilities from Logisoft Corp., a New York
corporation, and a subsidiary of Guarantor ("Logisoft"), and eStorefronts.net
Corp., a New York corporation and a wholly-owned subsidiary of Logisoft
("eStorefronts" and together with Logisoft, "Sellers"), pursuant to an Asset
Purchase Agreement between RMK and Sellers of even date herewith (the "Asset
Purchase Agreement").

      As additional consideration for the Asset Purchase Agreement and to induce
RMK to enter into the Asset Purchase Agreement, Guarantor has agreed to execute
and deliver this Guaranty, without which RMK would not have entered into the
Asset Purchase Agreement.

      NOW, THEREFORE, in consideration of One Dollar ($1.00) and other good and
valuable consideration, the receipt of which is hereby acknowledged, and for and
in consideration of the Asset Purchase Agreement, Guarantor agrees as follows:

1. Guarantee. Except as provided herein, Guarantor absolutely and
unconditionally guarantees to RMK the due and punctual payment and performance
by Sellers of all sums that become due and payable to RMK under and pursuant to
the terms and provisions of the Asset Purchase Agreement and all covenants and
obligations of Sellers under and pursuant to the terms and provisions of the
Asset Purchase Agreement, as and when said sums become due and payable or said
covenants and obligations shall be performed, pursuant to and in strict
conformity with the terms and conditions of the Asset Purchase Agreement,
including without limitation terms and conditions relating to the Deductible (as
defined in the Asset Purchase Agreement) and any procedural requirements
relating to indemnification contained therein (Such sums, covenants and
obligations of Sellers to RMK are hereinafter sometimes referred to as the
"Obligations").

2. No Impairment. No exercise or nonexercise by RMK of any right it may have
with respect to the Obligations, no dealing by RMK with Sellers or any
guarantor, endorser or any other person, and no change, impairment or suspension
of any right or remedy of RMK shall in any way affect any of the obligations of
Guarantor hereunder or any security furnished by Guarantor or give Guarantor any
recourse against RMK.

3. Waivers. Except as provided in Section 7.1 of the Asset Purchase Agreement
relating to the survival of representations and warranties, Guarantor hereby
waives and agrees not to assert or take advantage of (a) the defense of the
statute of limitations in any action hereunder for the collection of the
Obligations or the performance of any obligation hereby guaranteed; (b) notice
of acceptance of this Guaranty, demand, protest and notice of any other kind,
including without limitation presentment and demand for payment of the

<PAGE>

Obligations, protest and notice of dishonor or default with respect to the
Obligations and any demand for payment of this Guaranty; and (c) any defense
based upon any election of remedies by RMK, which impairs the subrogation rights
of Guarantor or the right of Guarantor to proceed against Sellers for
reimbursement, or both.

4. Continuing Guaranty. Until all Obligations of Sellers to RMK have been paid
in full, Guarantor shall have no right of subrogation and waives any right to
enforce any remedy which RMK now has or may hereafter have against Sellers and
any benefit of, and any right to participate in, any security now or hereafter
held by RMK.

5. Indemnification. Guarantor agrees to promptly pay to RMK on demand and to
indemnify and hold harmless RMK from and against any and all costs, expenses,
losses, damages and liabilities (including reasonable attorney's fees and
expenses) incurred by RMK in collecting or compromising any Obligations hereby
guaranteed or in enforcing this Guaranty against Guarantor, whether or not suit
is filed.

6. Guaranty of Payment and Performance. This Guaranty shall be construed as an
absolute, continuing and unlimited guaranty of payment (and not of collection)
and performance without regard to the regularity, validity or enforceability of
any Obligations hereby guaranteed, and in the event of the default of Sellers in
the due and punctual payment and performance of the Obligations, RMK shall not
be required to proceed first against Sellers or against any collateral security
before resorting to and proceeding against Guarantor for payment.

7. Miscellaneous.

      (a) This Guaranty has been duly executed and delivered by the Guarantor
and constitutes a valid and binding obligation of the Guarantor, enforceable in
accordance with its terms, except as such enforceability may be limited by (i)
bankruptcy, insolvency, reorganization, receivership, moratorium and other laws
of general application affecting the rights or remedies of creditors and (ii)
general principles of equity.

      (b) The execution, delivery and performance by the Guarantor of this
Guaranty and the consummation of the transactions contemplated hereby will not
violate, contravene or constitute a default under any provision of applicable
law or regulation or of any judgment, order any writ or decree of any court or
governmental instrumentality, or of any instrument or agreement to which the
Guarantor is a party or by which the Guarantor may be bound or result in the
creation of any lien upon any of the property of the Guarantor.

      (c) This Guaranty shall inure to the benefit of RMK, its successors and
assigns. This Guaranty shall be binding upon Guarantor, its successors and
assigns, provided that Guarantor may not assign this Guaranty or its obligations
hereunder without the prior written consent of RMK other than by operation of
law.

      (d) If any one or more of the provisions contained in this Guaranty, or
any instrument or other document delivered pursuant to this Guaranty, should be
invalid, illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions contained herein and therein shall
not in any way be affected or impaired thereby.

                                       2
<PAGE>

      (e) This Guaranty and the rights and obligations of the parties hereunder
shall be governed by and construed and interpreted in accordance with the laws
of the State of North Carolina.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

                                       3
<PAGE>

      IN WITNESS WHEREOF, Guarantor has caused its duly authorized
representative to execute this GUARANTY under seal as of the date first above
written.

                                      RCG COMPANIES INCORPORATED

                                      By:
                                         --------------------------------------
                                            Michael D. Pruitt
                                            President
                                            6836 Morrison Boulevard, Suite 200
                                            Charlotte, North Carolina 28211

[CORPORATE SEAL]

ATTEST:

By:
   --------------------------------------------------
     Secretary

Accepted as of April 26, 2005

RMK HOLDINGS, LLC

By:
   --------------------------------------------------
      K. Wesley M. Jones
      Manager
      4201 Congress Street, Suite 145
      Charlotte, North Carolina 28209

                                       4

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