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                                                                    EXHIBIT 10.1

                            ASSET PURCHASE AGREEMENT

            THIS ASSET PURCHASE AGREEMENT is entered into as of August 10, 2005,
by and between RelationServe Media, Inc., a Nevada corporation,  or a designated
subsidiary  thereof (the "BUYER"),  theglobe.com,  inc., a Delaware  corporation
("GLOBE") and SendTec, Inc., a Florida corporation ("SELLER").

            WHEREAS, Seller is engaged in the direct-response marketing business;

            WHEREAS, Seller is a wholly-owned subsidiary of Globe;

            WHEREAS, Seller and Globe desire that Seller sell, and Buyer desires
to  purchase,  substantially  all of the  business  and  assets of  Seller  (the
"BUSINESS") on the terms and conditions set forth in this Agreement; and

            NOW,  THEREFORE,  in  consideration  of the  premises and the mutual
agreements  and covenants  contained  herein and intending to be legally  bound,
Buyer and Seller hereby agree as follows:

     ARTICLE 1. SALE AND TRANSFER OF ASSETS.

     1.1. ACQUIRED ASSETS. Subject to the terms and conditions set forth herein,
including,  without  limitation,  satisfaction  or waiver of the  conditions set
forth in Sections 9 and 10 hereof,  at the Closing (as defined  herein),  Seller
shall sell,  convey,  assign,  transfer  and  deliver to Buyer,  and Buyer shall
purchase from Seller, all of Seller's right, title and interest in, to and under
the business,  rights, claims and assets (of every kind, nature and description,
whether tangible or intangible,  whether accrued,  contingent or otherwise,  and
wherever  situated  and  whether or not  reflected  on the books and  records of
Seller) relating to or used in connection with, or necessary for the conduct of,
the  Business,  except the Excluded  Assets (as defined  herein) (the  "ACQUIRED
ASSETS"),  free and  clear of any and all  liens,  security  interests,  claims,
charges,  options,  mortgages,  debts, leases (or subleases),  conditional sales
agreements,  title  retention  agreements,  material  defects  as  to  title  or
restrictions  against the transfer or assignment thereof and encumbrances of any
kind  (collectively,  "ENCUMBRANCES")  except  for such  Encumbrances  listed on
SCHEDULE  1.1 hereto  ("PERMITTED  ENCUMBRANCES").  The  Acquired  Assets  shall
include, without limitation, the following:

          (a) All tangible assets used in or necessary to the Business,  whether
owned  or  leased  and  whether  located  on the  property  of the  Business  or
elsewhere,   including,  without  limitation,  all  manufacturing,   production,
maintenance,  testing and other machinery, motor vehicles, furniture, computers,
printers and office equipment;

          (b) All  intangible  assets  used or  useful  in or  necessary  to the
Business,  including, without limitation: the name "SendTec" and all derivations
thereof,  all trade names,  domain names,  websites,  service marks names, trade
dress,  logos,  trade  secrets,  copyrights,   designs,  technical  information,
know-how, processes, techniques, research and development information, supplies,
plans, proposals,  technical data, computer software,  financial,  marketing and
business  data,  pricing and cost  information,  business and  marketing  plans,
formulas, devices, software or compilations of information; all patents, license

rights and sublicense rights to all patents and trademarks, and other intangible
assets  registered  in the name of Seller and  currently  used or proposed to be
used by Seller or any of its  Affiliates  in  connection  with,  or necessary or
useful for the  conduct of the  Business,  all  registrations  and  applications
therefore  and all  licenses  (as  licensee or  licensor)  and other  agreements
related  thereto  (the  "INTELLECTUAL  PROPERTY")  all of which  are  listed  on
SCHEDULE  5.11(a)  hereto,  and all of Seller's rights to use or allow others to
use  such  Intellectual   Property  and  all  claims  for  infringement  of  any
Intellectual Property, and intangible rights relating thereto;

          (c) All  current  customer  or  client  lists,  files,  documentation,
records and related  documentation used in connection with the Business,  all of
which  customers  (but not other  information)  are  listed on  SCHEDULE  1.1(c)
hereto;

          (d) All of Seller's  rights to the  products,  services and product or
service line extensions of the Business, whether now existing or currently under
development;

          (e) All of the  Seller's  rights  and  interests  arising  under or in
connection with Contracts (as defined in Section 5.14 hereof),  all of which are
listed on SCHEDULE 1.1(e) hereto;

          (f)  All  franchises,  licenses,  permits,  consents,  authorizations,
approvals  and  certificates,  or any waiver of the  foregoing,  required by any
person or organization including any Governmental Authority (as defined herein),
held, used or otherwise  possessed by Seller in connection with and/or necessary
to the  operation of the  Business,  to the extent  transferable  to Buyer under
applicable laws, all of which are listed on SCHEDULE 1.1(f) (the "PERMITS");

          (g) All leases of  equipment,  machinery  or other  tangible  personal
property  used in  connection  with and/or  necessary  to the  operation  of the
Business,  all of which are listed on SCHEDULE  1.1(g) (the  "PERSONAL  PROPERTY
LEASES"  and the  personal  property  subject  to such  leases to the  extent of
Seller's leasehold interest therein);

          (h)  All  leases  of real  property  used in  connection  with  and/or
necessary to the  operation  of the  Business as listed on SCHEDULE  1.1(h) (the
"REAL  PROPERTY  LEASES",  and the real  property  subject to such leases to the
extent of Seller's leasehold interest therein, the "LEASED REAL PROPERTY");

          (i) All goodwill and going concern value associated with the Business;

          (j) All books of account, general,  financial, Tax (as defined herein)
and personal records, property records, purchasing and sales records, credit and
collections records, personnel and payroll records, invoices,  shipping records,
warranties on all services,  supplies and  equipment,  correspondence  and other
documents, files, papers, mailing lists, customer, licensee,  representative and
vendor  lists,  and all  computer  software,  programs  and data and any  rights
thereto owned,  associated with or employed by Seller or its Affiliates used in,
or relating to, the Business;

          (k) All rights with respect to  unemployment,  workers' and  workmen's
compensation,  and other  similar  insurance  reserves  and rebates  relating to
Transferred Employees (as defined herein);

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          (l)  All  amounts  owing  Seller  or any of its  Affiliates  as of the
Closing for services or products  provided by the Business prior to the Closing,
whether or not an invoice  for such  services or  products  has been  submitted,
including,   without   limitation,   prepaid  assets  and  expenses,   insurance
allocations,  travel advances,  rent and utility deposits and deposits for goods
and  services   relating  to  the  operation  of  the  Business  (the  "ACCOUNTS
RECEIVABLE") as listed on SCHEDULE 1.1(l);

          (m) All  cash,  commercial  paper,  cash  equivalents  and  marketable
securities  of the  Business  on  hand or in any  bank  accounts  or  securities
accounts owned by Seller, each of which is listed on SCHEDULE 1.1(m).

          (n) All customer deposits of the Business owned by Seller;

          (o)  All  information  services  systems  and  computer  hardware  and
software of the Business;

          (p) All  sales  data,  including  all sales  representatives,  account
books, logs and other documents reflecting sales strategies and appointments and
suppliers' names of the Business and all sales and promotional materials used by
Seller in connection with the Business;

          (q)  All of  Seller's  inventories  of the  Business  existing  on the
Closing Date (as defined  herein),  including  but not limited to,  disposables,
spare parts, materials,  works-in-process,  active shipments,  ordered goods and
supply items,  that are (i) held for sale or rent,  (ii) used in connection with
the sale or rental or other Acquired  Assets,  (iii) parts used in the repair of
Acquired  Assets,  or (iv)  held by a third  party  under a  rental  arrangement
whether  located on the  premises of either  Seller,  in transit to or from such
premises,   in   warehouses,   in   premises  of   manufacturers   (collectively
"INVENTORY");

          (r) All claims,  causes of action,  rights of  recovery  and rights of
set-off of any kind (including  rights to insurance  proceeds,  indemnity claims
and  rights  under  and   pursuant  to  all   warranties,   service   contracts,
representations  and  guaranties  made by suppliers  of  products,  materials or
equipment, or components thereof and third-party service providers),  pertaining
to or arising  out of, the  Business  and  inuring to the benefit of Seller with
respect to the Business;

          (s) All products, ideas or concepts of the Seller under research on or
prior to the Closing Date that relate to the Business;

          (t) All other  assets,  properties,  rights and business of every kind
and  nature  owned or held by  Seller  or its  Affiliates  which are used in the
Business,  or in  which  Seller  has an  interest,  known or  unknown,  fixed or
unfixed, choate or inchoate, accrued, absolute, contingent or otherwise, whether
or not specifically referred to in this Agreement, except the Excluded Assets.

     1.2. EXCLUDED ASSETS.  Notwithstanding the foregoing,  the following assets
relating to the Business are being  retained by Seller,  are expressly  excluded
from the purchase and sale contemplated  hereby,  and, as such, are not included
in the Acquired Assets (the "EXCLUDED ASSETS"):

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               (i) All property and assets of Seller that are not related to the
Business;

               (ii)  All  insurance  policies,  other  than  rights  to  receive
proceeds of insurance  policies  related to the Acquired Assets or the Business,
and all rights of offset, counterclaims and insurance coverage thereunder;

               (iii) All  severance,  pension,  retirement  and  other  employee
benefit plans other than the right to any refunds or reimbursements thereunder;

               (iv) All rights of Seller with  respect to the  claims,  refunds,
causes of action, rights of recovery, rights of set-off and all other rights and
assets of every kind and nature related to the Excluded  Liabilities (as defined
below);

               (v) All monies to be received  by Seller and all other  rights of
Seller under this Agreement  including,  without limitation,  the Purchase Price
(as  defined  herein)  and the  other  agreements,  documents,  and  instruments
executed or delivered in connection with this Agreement; and

               (vi) The right to receive mail and other communications addressed
to Seller relating to any of the assets  described in the foregoing  clauses (i)
through (v) or the Excluded Liabilities.

     ARTICLE 2.  ASSUMPTION OF OBLIGATIONS.

     2.1.  ASSUMPTION  OF  CERTAIN  LIABILITIES.  Buyer  is  assuming  only  the
following liabilities and obligations of Seller, and Buyer and Seller agree that
there will be no other outstanding  liabilities,  to suppliers or otherwise,  of
the Business assumed by Buyer, other than those listed in this Section 2.1:

          (a) The  liabilities  reflected  on the  Balance  Sheet  and all other
liabilities of the Business incurred thereafter in the Ordinary Course; and

          (b) All other  liabilities  and  obligations  of the  Business and the
Acquired  Assets to the extent first arising or maturing (but only to the extent
so maturing) after the Closing Date.

     The liabilities and obligations of Seller identified in subsections (a) and
(b) of this Section 2.1 are hereinafter collectively referred to as the "ASSUMED
LIABILITIES."

     2.2.   LIABILITIES   NOT  ASSUMED.   With  the  exception  of  the  Assumed
Liabilities,  Buyer shall not by execution and  performance of this Agreement or
otherwise,  assume or otherwise be  responsible  in any way for any liability or
obligation of any nature,  whether absolute,  contingent,  accrued,  or known or
unknown,  of Seller or any  Affiliate  of Seller  whether or not relating to the
Business.

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     ARTICLE 3. PURCHASE PRICE. The total purchase price for the Acquired Assets
to be paid to  Seller  by  Buyer  shall be  Thirty-Seven  Million  Five  Hundred
Thousand Dollars  ($37,500,000)  (the "PURCHASE PRICE") and shall be paid in the
following manner:

     3.1. CLOSING PAYMENT. At the Closing (as defined herein),  against delivery
of appropriate  instruments of sale,  transfer,  conveyance and assignment  with
respect to the Acquired Assets, Buyer shall deliver to Seller:

          (a) Thirty-Six Million Five Hundred Thousand Dollars  ($36,500,000) to
be paid as follows at Closing:

               (i)   Thirty-Five   Million   Five   Hundred   Thousand   Dollars
($35,500,000)  (the "CLOSING AMOUNT") to be paid in immediately  available funds
by wire transfer to the bank account of Globe; and

               (ii) One Million  Dollars  ($1,000,000)  (the  "ESCROW  AMOUNT"),
which  shall be  released  pursuant  to the  terms of the  that  certain  Escrow
Agreement  by and  between  Buyer,  Globe and  Proskauer  Rose LLP (the  "ESCROW
AGENT"),  dated as of the date  hereof,  substantially  in the form of EXHIBIT A
hereto (the "ESCROW AGREEMENT") and sent by wire transfer to the bank account of
Globe; and

          (b) One Million Dollars in cash  ($1,000,000)  (the "HOLDBACK  CASH"),
which shall,  together with the Escrowed Shares,  be held by the Holdback Escrow
Agent pursuant to the terms of the Holdback Escrow  Agreement (as such terms are
defined in Section 3.2 below).

     3.2. ESCROWED SHARES.

          (a) As additional protection for the Buyer in the event that the Buyer
suffers any Losses for which the Buyer is entitled to indemnification hereunder,
Globe shall, at the Closing, issue to the Buyer and deposit with Olshan Grundman
Frome  Rosenzweig & Wolosky,  LLP (the  "HOLDBACK  ESCROW  AGENT"),  a number of
shares of restricted  common stock of Globe (the  "ESCROWED  SHARES")  having an
aggregate value of Seven Hundred and Fifty Thousand Dollars  ($750,000)  (valued
at the average  closing price of Globe common stock over a trailing ten (10) day
period  prior to the  Closing,  which  shares  shall be  entitled  to  customary
"piggyback"  registration  rights).  Unless  and until any  Escrowed  Shares are
released to the Buyer  pursuant to the  Holdback  Escrow  Agreement  (as defined
below), the Buyer may not sell, assign,  pledge,  encumber or otherwise transfer
such Escrowed  Shares,  nor shall the Buyer have the right to vote such Escrowed
Shares.

          (b) PARTIAL  RELEASE OF HOLDBACK  CASH.  On the first to occur of: (i)
the date that is six months after the Closing  Date; or (ii) the date that Buyer
receives audited financial  statements of the Business for the fiscal year ended
December  31, 2005 (the first of such dates being the "PARTIAL  RELEASE  DATE"),
the parties  shall cause the Holdback  Escrow Agent to release from the Holdback
Escrow  Agreement  (as defined  below) and pay to Globe the sum of Seven Hundred
Fifty Thousand Dollars ($750,000) in cash;  provided,  however,  that if, on the
Partial Release Date, the Buyer (A) shall have sustained indemnifiable Losses in
excess of $100,000  that have  already been  satisfied  by recourse  against the
Holdback  Cash,  (B) shall have pending any good faith Claims for  indemnifiable

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Losses  that are  reasonably  estimated  by the Buyer to exceed  $100,000 in the
aggregate  or (C) shall have  pending  any good faith  Claims for  indemnifiable
Losses that would, when Buyer's reasonable estimates thereof are aggregated with
any indemnifiable  Losses sustained by Buyer that have already been satisfied by
recourse  against the Holdback  Cash,  exceed  $100,000,  then such $750,000 sum
shall not be paid to Globe on the Partial Release Date and the entire balance of
the Holdback  Cash  remaining on the Partial  Release Date shall  continue to be
held and  disbursed  by the Holdback  Escrow Agent  pursuant to the terms of the
Holdback Escrow Agreement.

          (c) HOLDBACK  ESCROW  AGREEMENT.  The  Holdback  Cash and the Escrowed
Shares  shall  be  held by the  Holdback  Escrow  Agent  pursuant  to an  Escrow
Agreement  substantially  in the form of EXHIBIT B hereto (the "HOLDBACK  ESCROW
AGREEMENT")  during the  Indemnification  Period  (as  defined  herein).  At the
expiration of the Indemnification  Period, (i) the then remaining balance of the
Holdback  Cash  shall be paid to Globe  and (ii) the then  remaining  number  of
Escrowed Shares shall be returned to Globe, whereupon such Escrowed Shares shall
be cancelled and shall cease to be issued and outstanding. The Holdback Cash and
Escrowed Shares shall not, to the extent  permitted by law, be subject to claims
of any creditors of Globe or Seller.

          (d)  GLOBE'S  ELECTION.  In the  event  that  the  Buyer  suffers  any
Loss(es), for which the Buyer is entitled to indemnification hereunder for which
the Holdback Cash shall not be sufficient to fully  indemnify  Buyer as provided
in  Article  11,  Buyer  shall have the right at the time of payment of any such
Claim(s) to payment of the deficit by transfer to Buyer by the  Holdback  Escrow
Agent of such number of the Escrowed  Shares that shall have an  aggregate  Fair
Market Value that is sufficient to pay such deficit. If the Fair Market Value of
the  Escrowed  Shares is less than the amount  required to be remitted to Buyer,
then  Seller  and Globe  shall be  jointly  and  severally  liable  and shall be
required at the time required for payment of such Claim(s) to immediately pay to
the Buyer the  difference  between the Fair Market Value of the Escrowed  Shares
(or the then remaining  Escrowed Shares) and the amount of such Loss(es) payable
in respect of such  Claim(s)  (such  difference,  the  "Share  Value  Deficit");
PROVIDED,  HOWEVER, that in no event shall more than an aggregate of $750,000 in
value (whether in the transferred  Escrowed Shares' Fair Market Value or in cash
required  to fund a Share Value  Deficit) be payable in respect of any  Loss(es)
that  cumulatively  become  payable  for which the  Holdback  Cash  shall not be
sufficient  to fully  indemnify as provided in Article 11. In  addition,  in the
event  that the Buyer  suffers  any  Loss(es)  for which  Buyer is  entitled  to
indemnification  hereunder for which the Escrowed Shares shall be paid to Buyer,
Globe shall have the right to elect to pay all or a portion of such  Loss(es) in
cash in lieu of Escrowed Shares, PROVIDED,  FURTHER, that Globe (i) gives prompt
written  notice of such  election to Buyer  prior to  delivery  of the  Escrowed
Shares to Buyer by the  Holdback  Escrow  Agent,  and (ii) pays to Buyer by wire
transfer of immediately available funds an amount equal to the Fair Market Value
of the  Escrowed  Shares  that would have been  released  to Buyer had Globe not
elected to pay such Loss(es) in cash.

     3.3. ADJUSTMENTS TO PURCHASE PRICE.

          (a) CLOSING DATE BALANCE SHEET ADJUSTMENT. The Purchase Price shall be
adjusted  at Closing in  accordance  with the Closing  Date  Balance  Sheet,  as
defined below,  to the extent that Seller's Net Working  Capital as reflected on
the Closing Date Balance Sheet is more than or less than $0.

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          (b) CLOSING DATE BALANCE  SHEET.  Seller shall  prepare and deliver an
estimated  balance sheet dated as of the Closing Date (the "CLOSING DATE BALANCE
SHEET"), as soon as practical, but in all cases, within one (1) Business Day (as
defined herein) prior to the Closing Date. Such Closing Date Balance Sheet shall
be prepared by Seller's accountants in accordance with GAAP applied consistently
with past  accounting  practices of Seller.  If the Closing  Date Balance  Sheet
establishes  that Seller's Net Working Capital is more or less than $0, then, in
that event, the Purchase Price shall be increased or decreased dollar-for-dollar
(the "ADJUSTMENT") by the amount of the excess or deficiency. Thus, for example,
if the Closing Date  Balance  Sheet shows Net Working  Capital of $250,000,  the
Purchase  Price shall be  increased  by  $250,000.  If, on the other  hand,  the
Closing  Date  Balance  Sheet  shows Net  Working  Capital  of less than $0, the
Purchase Price shall be reduced to the extent of such deficit.

     3.4.  POST-CLOSING AUDIT ADJUSTMENT.  Buyer shall direct the preparation of
an audit of the Closing  Date  Balance  Sheet and shall  deliver the same to the
Globe and Seller prior to March 31, 2006. To the extent that the audited Closing
Date Balance Sheet shows a different Net Working  Capital as of the Closing Date
than the  estimate  previously  prepared  by Seller,  Globe and Seller  shall be
responsible  to pay to Buyer the  amount  of any  deficit  by which Net  Working
Capital is less than the  estimate,  and Buyer shall pay to Seller,  any greater
amount by which the audited  Closing  Date  Balance  Sheet Net  Working  Capital
exceeds the  estimate  within 15 days of delivery  of the audited  Closing  Date
Balance Sheet to Seller.

     3.5.  ALLOCATION  OF  PURCHASE  PRICE.  The parties  hereto  agree that the
taxable  purchase  of  the  Acquired  Assets  shall  be  an  "applicable   asset
acquisition"  governed by Section 1060 of the Code.  The parties  hereto further
agree that the Purchase Price shall be allocated in accordance with SCHEDULE 3.5
hereto (as may be later adjusted in accordance  with Section 3.3). Each of Buyer
and Seller agrees to complete IRS Form 8594  consistently  with such  allocation
and, if  requested  by the other,  to furnish the other with a copy of such Form
prepared in draft form no less than 45 days prior to the filing due date of such
Form. None of Buyer, Seller or Seller's Affiliates shall file any return or take
a position  with any taxing  authority  or in  connection  with any tax  related
litigation that is inconsistent  with this Section 3.5, unless required to do so
pursuant  to a  determination  within  the  meaning  of  Section  1313(a) of the
Internal Revenue Code (the "CODE").

     ARTICLE 4.  CLOSING.

     4.1.  CLOSING.  The closing of the  transactions  contemplated  hereby (the
"CLOSING")  shall be held at such  date,  time and  place  as Buyer  and  Seller
mutually agree but in any event prior to October 31, 2005 (the "CLOSING DATE").

     4.2.  DELIVERIES AT CLOSING.  Upon satisfaction or waiver of all conditions
set forth herein, at the Closing:

          (a) Seller  shall duly  execute and deliver to the Buyer bills of sale
and  instruments  of assignment  and transfer as may be necessary to vest in the
Buyer good and  marketable  title to all of the  Acquired  Assets,  in each case
subject to no Encumbrance, and for assumption of the Assumed Liabilities.

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          (b) The Buyer  shall  deliver  or cause to be  delivered  the  Closing
Amount to Seller.

          (c) The Escrow  Amount  shall be  released  to Seller  pursuant to the
terms of the Escrow Agreement.

          (d) The  Holdback  Amount  shall  be  delivered  into  escrow  for the
Indemnification Period under the Holdback Escrow Agreement.

          (e) Each of the parties  thereto shall execute and deliver each of the
documents,  instruments  or  agreements  required to be executed  and  delivered
pursuant to Sections 9 and 10 hereof.

     ARTICLE 5.  REPRESENTATIONS  AND WARRANTIES OF SELLER AND GLOBE. The Seller
and Globe,  jointly and severally,  represent and warrant to the Buyer as of the
date hereof (except as otherwise indicated) as follows, PROVIDED,  HOWEVER, that
Seller's and Globe's  representations and warranties contained in Section 5.3(b)
or (c) (as it relates  to Seller  and/or  the  Business),  5.5 (as it relates to
Seller and/or the  Business)  5.6, 5.7, 5.8, 5.9 (as it relates to Seller and/or
the Business),  5.10 (as it relates to Seller and/or the Business)  5.11,  5.12,
5.13,  5.14,  5.15,  5.16 (as it relates to Seller and/or the  Business),  5.17,
5.18, 5.19 and 5.20 (collectively,  the "Operational Representations") shall not
be deemed to have been made upon  execution by Globe  hereof,  and shall only be
deemed made when, and if, comparable  representations and warranties are made by
Seller  Management  (as  defined  in  Section  9.11) to  Globe  (and as to which
representations and warranties by Seller Management Buyer shall also be entitled
to rely upon  hereunder  PROVIDED,  HOWEVER,  neither  Seller nor Globe shall be
required to obtain Seller Management consent to any such reliance), which may be
made in the Globe  Redemption  Agreement  (as defined in Section 9.10) or in any
another document or agreement, relating to such matters, and upon obtaining such
management  representations,  the Operational Representations shall be deemed to
be made by Globe:

     5.1.  ORGANIZATION;  AUTHORITY.  (a) Globe is a corporation duly organized,
validly  existing and in good standing  under the laws of the State of Delaware.
Seller is a corporation  duly organized,  validly  existing and in good standing
under the laws of the State of Florida (i.e., Seller is organized and its status
is  "active").  Seller  and Globe  are each duly  licensed  or  qualified  to do
business as a foreign entity, and are each in good standing in each jurisdiction
where such  qualification  is necessary as listed on SCHEDULE 5.1,  which,  with
respect  to  Seller,  are the only  jurisdictions  in which  qualifications  are
required in connection  with the  operation of the  Business.  True and complete
copies of the charter and bylaws,  including any amendments  thereto through the
date  hereof  (certified  as of a recent date  hereof by the  Secretary  of each
Seller), of each of Seller and Globe have been delivered to Buyer.

          (b)  Seller  and Globe  each have all  requisite  corporate  power and
authority  to (i) execute  and deliver  this  Agreement,  the other  Transaction
Documents to which each is a party (the "SELLER TRANSACTION  DOCUMENTS") and any
related  agreements  to  which  either  of them is a party  and to  perform  the

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transactions contemplated hereby and thereby (the "CONTEMPLATED  TRANSACTIONS"),
(ii) to use its  corporate  name,  (iii) to operate its business and to carry on
its business as presently  conducted,  and (iv) to own, lease and otherwise hold
its properties and assets.  All of the issued and  outstanding  capital stock of
Seller is owned beneficially and of record by Globe.

     5.2. AUTHORITY RELATIVE TO THE TRANSACTION DOCUMENTS. Seller and Globe have
all  requisite  corporate  authority  and  power to  execute  and  deliver  this
Agreement  and the other  Seller  Transaction  Documents  to which it is or will
become a party  and to  consummate  the  transactions  contemplated  hereby  and
thereby.  The  execution  and  delivery of this  Agreement  and the other Seller
Transaction  Documents and the  consummation  of the  transactions  contemplated
hereby  and  thereby  have  been duly and  validly  authorized  by all  required
corporate  and  stockholder  action  on the part of Seller  and by all  required
corporate and  stockholder  action on the part of Globe and no other  corporate,
shareholder  or other  proceedings  on the part of Seller or Globe  (other  than
stockholder  approval by the  stockholders  of Globe) are necessary to authorize
this  Agreement or the other Seller  Transaction  Documents or to consummate the
Contemplated  Transactions.  The Seller Transaction Documents have been duly and
validly executed and delivered by Seller and Globe as applicable,  and, assuming
the  Seller  Transaction  Documents  have been  duly  authorized,  executed  and
delivered by Buyer, the Seller  Transaction  Documents  constitute the valid and
binding  agreement of Seller and Globe  enforceable  against Seller and Globe in
accordance  with  their  terms,  except as  limited  by  applicable  bankruptcy,
insolvency, reorganization, moratorium or other similar laws now or hereafter in
effect  relating to or affecting  creditors'  rights  generally,  including  the
effect  of  statutory  and  other  laws  regarding  fraudulent  conveyances  and
preferential  transfers  and  subject  to the  limitations  imposed  by  general
equitable principles  (regardless whether such enforceability is considered in a
proceeding at law or in equity).

     5.3. NON-CONTRAVENTION. Except as listed on SCHEDULE 5.3, the execution and
delivery  by  Seller  and Globe of this  Agreement  and the  Seller  Transaction
Documents  and the  consummation  by the  Seller  and Globe of the  Contemplated
Transactions  will not (a)  violate  or  conflict  with any  provision  of their
respective  charters or bylaws,  each as amended to date;  (b) conflict  with or
result in the breach or  termination  of (or  constitute a default for any event
which,  with notice or lapse of time or both would  constitute a default) under,
or give to others any rights of  termination or  cancellation  of, or accelerate
the  performance  required  by, or maturity of, or result in the creation of any
Encumbrance  pursuant  to any of the terms,  conditions  or  provisions  of, any
Contract which either Seller or Globe is a party; (c) constitute a violation of,
or be in conflict  with, or constitute or create a default  under,  or result in
the creation or imposition of any Encumbrance;  or (d) violate any statute, law,
ordinance,  guideline,  interpretation,  judgment,  decree, order, regulation or
rule of any  Governmental  Authority  (as defined  herein).  The  execution  and
delivery  of this  Agreement  by Seller  and Globe and the  performance  of this
Agreement,  the Seller  Transaction  Documents  and the related or  Contemplated
Transactions by Seller and Globe will not require filing or  registration  with,
or the issuance of any Permit by, any Person or Governmental Authority under any
applicable Law (other than any obligations to file an Information  Statement and
other  reports  as  required  by the  Exchange  Act (as  defined  herein) or any
contracts to which Seller and Globe is a party.  The  Contemplated  Transactions
will not violate or conflict  with any  contract,  agreement,  or  understanding
relating to the acquisition of Seller by Globe.

                                       9

     5.4. COMPLIANCE WITH LAW. Except as set forth on SCHEDULE 5.4, the Business
has been conducted in accordance with all applicable Laws (except,  in each such
case, for any non-compliance  that individually or in the aggregate has not had,
and would not reasonably be expected to have, a Material Adverse Effect). Seller
has complied with, and is in compliance  with (a) all Laws  applicable to Seller
or any of its  properties  and (b) all terms and  provisions of all Contracts to
which  Seller is a party,  or to which the  Acquired  Assets or the  Business is
subject (except,  in each such case, for any non-compliance that individually or
in the  aggregate  has not had, and would not  reasonably be expected to have, a
Material  Adverse Effect).  Except as set forth in SCHEDULE 5.4 hereto,  neither
Seller nor Globe has committed,  been charged with, or been under  investigation
with respect to, nor does there exist, any violation of any provision of any Law
with  respect to the  Acquired  Assets or the  Business.  Neither the Seller nor
Globe is subject to any decree, injunction,  judgment, order, ruling, assessment
or writ issued by any  Governmental  Authority which could impair its ability to
consummate  the  transactions  contemplated  hereby or adversely  affect Buyer's
ownership  of the  Acquired  Assets or  conduct of the  Business  from and after
Closing.

     5.5. SEC DOCUMENTS;  FINANCIAL STATEMENTS. (a) Since August 30, 2004, Globe
has filed all reports, schedules, forms, statements and other documents required
to be filed by it with the Securities and Exchange  Commission  ("SEC") pursuant
to the reporting requirements of the Securities Exchange Act of 1934, as amended
(the  "EXCHANGE  ACT") (all of the foregoing  filed prior to the date hereof and
all exhibits included therein and financial statements and schedules thereto and
documents incorporated by reference therein being hereinafter referred to as the
"SEC DOCUMENTS").  As of their respective  dates, the SEC Documents  complied in
all material  respects with the  requirements  of the Exchange Act and the rules
and  regulations  of the  SEC  promulgated  thereunder  applicable  to  the  SEC
Documents,  and none of the SEC Documents,  at the time they were filed with the
SEC,  contained  any untrue  statement of a material  fact or omitted to state a
material  fact  required to be stated  therein or necessary in order to make the
statements  therein,  in light of the circumstances  under which they were made,
not misleading.  As of their respective dates, the financial statements included
in the SEC Documents  ("SEC  FINANCIAL  STATEMENTS")  complied as to form in all
material  respects with  applicable  accounting  requirements  and the published
rules  and  regulations  of the SEC  with  respect  thereto.  The SEC  Financial
Statements have been prepared in accordance with generally  accepted  accounting
principles  in the  United  States  ("GAAP"),  consistently  applied  during the
periods  involved  (except (i) as may be otherwise  indicated in such  financial
statements  or the  notes  thereto,  or (ii) in the  case of  unaudited  interim
statements,  to the extent they may exclude  footnotes  or may be  condensed  or
summary  statements)  and fairly present in all material  respects the financial
position  of Seller and Globe (as it relates to Seller and the  Business)  as of
the dates  thereof  and the  results  of its  operations  and cash flows for the
periods  then ended  (subject,  in the case of unaudited  statements,  to normal
year-end audit  adjustments).  As at the  respective  dates of the SEC Financial
Statements, there were no material liabilities or obligations of Seller (whether
absolute or contingent)  except for those liabilities and obligations  reflected
on or  adequately  reserved  for  therein.  To the  knowledge  of the  executive
officers of Globe, no information provided by or on behalf of Seller to Buyer or
which is  included  in the SEC  Documents  contains  any untrue  statement  of a
material fact or omits to state any material fact necessary in order to make the
statements  therein,  in light of the circumstances under which they are or were
made, not misleading.

                                       10

          (b)  CERTAIN  FINANCIAL  INFORMATION.  Globe  has  delivered  to Buyer
complete and correct copies of (i) audited financial statements for Seller as of
and for the calendar year ended December 31, 2004 and the related  statements of
income  and  cash  flows  for the  periods  ending  on such  date;  and (ii) the
unaudited financial statements for Seller as of and for the 6-month period ended
June 30, 2005 (the  "BALANCE  SHEET DATE") and the related  statements of income
and cash  flows for the  periods  ending on such dates  (the  "SELLER  FINANCIAL
STATEMENTS",  and together with the SEC  Financial  Statements,  the  "FINANCIAL
STATEMENTS"),  copies  of which are  attached  as  EXHIBIT  5.8(b)  hereto.  The
unaudited  balance sheet of Seller as of the Balance  Sheet Date is  hereinafter
referred to as the "BALANCE SHEET". Each of the Seller Financial  Statements has
been prepared in accordance with GAAP,  applied on a consistent basis throughout
the  relevant  periods  (except as may be  otherwise  indicated  in such  Seller
Financial Statements or the notes thereto),  and fairly presents in all material
respects the assets,  liabilities  and  financial  position of Seller as of such
dates and for the periods indicated subject,  in the case of unaudited financial
statements, to normal year end adjustments.  Since the Balance Sheet Date, there
has been no change in any of the  significant  accounting  policy  practices  or
procedures of Seller or Globe.

     5.6.  ABSENCE OF CERTAIN CHANGES AND EVENTS.  Since the Balance Sheet Date,
Seller's  business has been  conducted  only in the ordinary  course of business
consistent  with  past  practice  of Seller  (the  "ORDINARY  COURSE").  Without
limiting the  foregoing,  except as set forth on SCHEDULE 5.6, since the Balance
Sheet Date, there has not been, occurred or arisen:

          (a) any material adverse change in the operations (as now conducted or
as presently proposed to be conducted), assets, liabilities, earnings, business,
properties,  rights, net worth, or condition (financial or otherwise) of Seller,
nor are any such changes threatened, anticipated or contemplated;

          (b) any sale,  lease or other  disposition of any properties or assets
of Seller, or any transaction that is material to the business of Seller entered
into or carried out, except in the Ordinary Course;

          (c) any material change made in the methods of doing business, nor has
a Material  Adverse  Effect in the  accounting  principles  or  practices or the
method of  application  of such  principles  or practices  used by Seller or any
change in  depreciation or amortization  policies or rates  theretofore  adopted
occurred;

          (d) any Encumbrance imposed or agreed to be imposed on or with respect
to any of the  Acquired  Assets  or  capital  stock of  Seller,  other  than the
Permitted Encumbrances;

          (e) any modification,  waiver, change, amendment,  release, rescission
or  termination  of, or accord and  satisfaction  with  respect to, any material
term, condition or provision of any Contract (as defined herein), other than any
satisfaction by performance in accordance with the terms thereof in the Ordinary
Course;

                                       11

          (f) any actual,  threatened,  anticipated  or  contemplated  casualty,
loss, damage or destruction  (whether or not covered by insurance),  conversion,
termination,  cancellation,  default or taking by eminent domain or other action
by any  Governmental  Authority that has had or could  reasonably be expected to
have a Material Adverse Effect;

          (g) any  adverse  pending,  threatened,  anticipated  or  contemplated
dispute  of any kind with any  contractor,  subcontractor,  customer,  supplier,
source of financing, employee, landlord, subtenant or licensee of Seller that is
reasonably  likely to result in any  material  reduction  in the amount,  or any
change in the  material  terms or  conditions,  of  business  with any  material
customer, supplier or source of financing of Seller;

          (h)  any  increase,   other  than  in  the  Ordinary  Course,  in  the
compensation  payable  or  to  become  payable  to  any  of  Seller's  officers,
employees,  agents or consultants (including,  without limitation,  any increase
pursuant to any bonus, pension,  profit-sharing or other plan or commitment), or
the  entering  into with or  modification  of any  employment  contract or other
agreement concerning the compensation of any officer, or employee, or the making
of any loan to, or engagement in any transaction  with, any officers,  directors
or shareholders of Seller,  or the establishment of any new, or the modification
of any existing,  employee  benefit,  compensation  or stock plan of Seller that
affects the employees of Seller;

          (i) capital expenditures or commitments  therefore by Seller in excess
of $10,000 in the aggregate for additions,  alterations or  modifications to the
property, plant or equipment of Seller;

          (j) the  incurrence of any material  obligation or liability  (whether
absolute,  accrued, contingent or otherwise and whether due or to become due) or
the  incurrence or entering into of any  transaction,  contract or commitment by
Seller with respect to its business,  other than items  incurred or entered into
(as the case may be) in the Ordinary Course;

          (k) any payment,  discharge or satisfaction of any claim,  Encumbrance
or  liability by Seller other than in the  Ordinary  Course  (whether  absolute,
accrued, contingent or otherwise and whether due or to become due);

          (l) any labor  trouble,  problem  or  grievance  that has had or could
reasonably be expected to have a Material Adverse Effect;

          (m) any license, sale, transfer, pledge, mortgage or other disposition
of any tangible or  intangible  asset or  Intellectual  Property of Seller other
than in the Ordinary Course;

          (n) any cancellation of any Indebtedness (as defined herein) or claims
or any  amendment,  termination,  diminution or waiver of any rights of material
value to Seller;

          (o) any change in the  customers or the personnel of Seller other than
such routine changes which occur in the Ordinary Course;

          (p) any material  decrease in the level of maintenance of any material
tangible  assets of Seller from that level generally in effect prior to the date
hereof;

                                       12

          (q) any  material  failure to operate  the  business  of Seller in the
Ordinary  Course,  including,  but not limited to, any failure by Seller to make
capital  expenditures  or  investments  in  Seller or any  failure  to pay trade
accounts payable consistent with past practice;

          (r) any pending, threatened, anticipated or contemplated occurrence or
situation of any kind, nature or description (including, without limitation, the
enactment of any Laws (as defined  herein)) that has had or could  reasonably be
expected to have a Material Adverse Effect; and

          (s) any agreement or  understanding,  whether in writing or otherwise,
for Seller to take any of the actions specified in (a) through (r) above.

     5.7. TITLE TO PROPERTIES.

          (a) ACQUIRED ASSETS.  Seller has, and is transferring to Buyer,  good,
clear and valid record and  marketable  title to, and  possession of, all of the
Acquired Assets owned by Seller,  free and clear of any Encumbrances (other than
Permitted  Encumbrances).  Seller has, and is transferring  to Buyer,  valid and
subsisting  leasehold  interests or licenses in, and  possession  of, all of the
Acquired Assets that are leased by Seller.  Seller has the full right, power and
authority to sell,  convey,  transfer,  assign and deliver the Acquired  Assets,
without the need to obtain the consent or approval of any third party, except as
listed on  SCHEDULE  5.7(a).  At and as of the  Closing,  Seller will convey the
Acquired  Assets to Buyer by  deeds,  bills of sale,  certificates  of title and
other  instruments of assignment and transfer  effective in each case to vest in
Buyer, and Buyer will have, good and valid record and marketable title to all of
the  Acquired  Assets,  free and clear of any and all  Encumbrances,  except for
Permitted  Encumbrances.  The Acquired Assets are, in all material respects,  in
good condition and repair and are adequate and sufficient for Seller's  intended
purposes,  ordinary wear and tear excepted. The Acquired Assets will transfer to
Buyer  under this  Agreement  (and other  documents  contemplated  hereby),  and
constitute,  all of the  material  assets and  properties  (personal  and mixed,
tangible and  intangible)  and rights  necessary or desirable to permit Buyer to
conduct the Business consistent with Seller's past business practice.

          (b)  LEASES.  (i)  SCHEDULE  1.1(h)  contains  a list of all  material
agreements  under which real property is leased by Seller and used in connection
with the  Business.  All of the Leased Real Property  including  any  buildings,
structures  and  appurtenances  thereon,  are,  to Seller's  knowledge,  in good
operating  condition and repair, are in such condition as to permit surrender by
Seller to the lessors thereof without any material cost or expense for repair or
restoration  if any of the Real  Property  Leases  were  terminated  on the date
hereof,  are adequate  and  suitable for the uses for which  intended by Seller,
each has adequate  rights of ingress and egress for operation of the Business in
the Ordinary  Course and there does not exist any condition  that  interferes in
any material may with the use or the economic value thereof.

               (ii)  SCHEDULE  1.1(g)  contains a list of all leases or material
agreements  under which Seller,  with respect to the  Business,  is lessee of or
holds or operates any items of machinery,  equipment,  motor vehicles,  computer
equipment,  printers,  office  furniture  or fixtures  owned by any third party,
true, complete and correct copies (or, in the case of oral leases or agreements,
descriptions)  of which  leases and  agreements  have been  furnished  to Buyer.

                                       13

Seller are the owners and holders of all of the leasehold  estates  purported to
be granted by such leases or agreements and all other leases or agreements under
which  Seller are lessee of or hold or operate  any such items  owned by a third
party,  and each of such leases and  agreements  is in full force and effect and
constitutes  a legal,  valid and binding  obligation of the  respective  parties
thereto  enforceable in accordance with its terms, except as such enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
or similar laws  affecting the  enforcement of creditors'  rights  generally and
general  equitable  principles  regardless  of whether  such  enforceability  is
considered in a proceeding  at law or in equity.  There is not under any of such
leases any existing default or, to the knowledge of Seller, event,  condition or
occurrence  which,  with the giving of notice or lapse of time,  or both,  would
constitute  a default  thereunder.  Except as provided  on  SCHEDULE  5.7(c)(ii)
hereto,  to  Seller's  knowledge,  each of the  items of  machinery,  equipment,
printers,  office furniture and fixtures covered by the Personal Property Leases
is in good  operating  condition and repair,  is in such  condition as to permit
surrender  thereof by Seller to the lessors without any material cost or expense
for repair or restoration if such leases were terminated on the date hereof,  is
suitable for the uses for which  intended by Seller in the  Ordinary  Course and
there does not exist any condition that  interferes in any material way with the
use or economic value thereof.

     5.8. ABSENCE OF LIABILITIES. Except for the Assumed Liabilities, and except
as set forth on SCHEDULE 5.8 there are no material liabilities or obligations of
any nature (whether liquidated,  unliquidated,  accrued, absolute, contingent or
otherwise,  and whether due or to become due) probable of assertion  relating to
the Business except for:

          (a)  liabilities  set forth or reflected (or reserved  against) in the
Balance Sheet that have not been paid or discharged since the date thereof;

          (b) liabilities  arising under agreements or other commitments  listed
on SCHEDULE 5.8(b) hereto;

          (c) current  liabilities  arising in the Ordinary Course subsequent to
the Balance Sheet Date,  that are accurately  reflected on its books and records
in a manner consistent with past practice; or

          (d) the Excluded Liabilities, which shall be retained by Seller.

     5.9. CONSENTS; TRANSFERABILITY OF LICENSES, ETC.

          (a)  Except  as set  forth on  SCHEDULE  5.9(a)  hereto,  no  consent,
approval or authorization of, or registration, qualification or filing with, any
Person or  Governmental  Authority is required for the execution and delivery by
Seller and Globe of this Agreement and the Seller's Transaction Documents or for
the consummation by Seller of the Contemplated Transactions. Except as set forth
on SCHEDULE  5.9(a),  no consent of any third party is required for the transfer
of the Acquired Assets as provided in this Agreement.

     5.10.  LITIGATION,  ETC.  Except as set forth on SCHEDULE  5.10 hereto,  no
claim, action, suit,  proceeding or investigation  whether civil or criminal, in
law or equity,  before any arbitration or  Governmental  Authority is pending or
threatened  in writing:  (i) against  Seller,  (ii) relating to or affecting the

                                       14

ability  of  Seller  to  execute  this  Agreement  or the  Seller's  Transaction
Documents or consummate  the  transactions  contemplated  herein or therein,  or
(iii) which  questions  the  validity of this  Agreement  or any of the Seller's
Transaction Documents or challenges any of the transactions  contemplated hereby
or thereby,  nor to Seller's  and Globe's  knowledge  is there any basis for any
such action, suit, proceeding or investigation. None of the matters set forth in
SCHEDULE 5.10 hereto, either individually or in the aggregate,  could reasonably
be expected to have a Material Adverse Effect.

     5.11. INTELLECTUAL PROPERTY.

          (a) SCHEDULE 5.11(a) hereto sets forth a complete and accurate list of
all  Intellectual  Property,  which is the only  intellectual  property or other
proprietary  rights of any kind or nature  necessary to permit Buyer to carry on
the  business of Seller  after the  Closing as  presently  conducted  by Seller.
SCHEDULE 5.11(a) also includes a complete and accurate list of all United States
and foreign patent, copyright, trademark, service mark, trade dress, domain name
and other  registrations  and  applications,  indicating for each the applicable
jurisdiction,  registration number (or application  number),  and date issued or
filed,  and all  unregistered  Intellectual  Property.  Except to the extent set
forth in SCHEDULE  5.11(a),  Seller owns or has the sole and exclusive  right to
use all of the  Intellectual  Property  used or necessary  for use in connection
with the business of Seller as presently  conducted or proposed to be conducted,
and  the  consummation  of the  transactions  contemplated  by  the  Transaction
Documents will not alter or impair any such right. All Intellectual  Property is
valid,  subsisting,  in full  force  and  effect,  enforceable  and has not been
abandoned as of the date hereof.  Except as has not or would not  reasonably  be
expected  to have a  Material  Adverse  Effect,  Seller  has  taken  all  action
necessary  or  desirable  to  maintain  and  protect  each item of  Intellectual
Property.  The  Intellectual  Property  of  Seller  is  free  and  clear  of any
Encumbrances  other  than  Permitted  Encumbrances  and,  except as set forth on
SCHEDULE 5.11(a), is fully assignable by Seller to any Person,  without payment,
consent of any person or other condition or restriction. Seller does not use any
Intellectual Property in connection with the Business other than as set forth on
SCHEDULE  5.11(a).  No  registered  Intellectual  Property  has  been  or is now
involved in any  cancellation,  dispute or litigation,  and, to the knowledge of
Seller,  no such action is threatened.  Except as set forth in SCHEDULE 5.11(a),
no patent of Seller  included in the  Intellectual  Property  has been or is now
involved in any interference, reissue, re-examination or opposition proceeding.

          (b) LICENSE  AGREEMENTS.  SCHEDULE  5.11(b)  sets forth a complete and
accurate list of all licenses, sublicenses, consent, royalty or other agreements
concerning  Intellectual  Property to which Seller is a party or by which any of
the assets of Seller is bound  (other  than  generally  commercially  available,
non-custom,   off-the-shelf   software  application  programs  having  a  retail
acquisition  price of less than  $10,000 per  license)  relating to the Business
(collectively,  "LICENSE  AGREEMENTS").  All of the License Agreements are valid
and binding  obligations of Seller  enforceable  in accordance  with their terms
except  as  such  enforceability  may  be  limited  by  applicable   bankruptcy,
insolvency,   reorganization,   moratorium,   or  similar  laws   affecting  the
enforcement  of creditors'  rights  generally and general  equitable  principles
regardless of whether such  enforceability  is considered in a proceeding at law
or in equity,  and to Seller's  knowledge,  there  exists no event or  condition
which will result in a violation  or breach of, or  constitute  (with or without
due notice or lapse of time or both) a default by Seller  under any such License
Agreement.  Seller has performed all obligations required to be performed by it,

                                       15

and Seller is not in default (or alleged to be in  default)  under any  Contract
relating to any of the  foregoing in any way that would or  reasonably  could be
expected to have a Material Adverse Effect. No party to any Contract relating to
Intellectual  Property  has given  Seller  notice of its  intention  to  cancel,
terminate or fail to renew such License Agreement.

          (c) NO  INFRINGEMENT.  Seller  has taken all  commercially  reasonable
steps to  maintain,  police and  protect  the  Intellectual  Property of Seller.
Except as disclosed in SCHEDULE  5.11(c),  (i) to the  knowledge of Seller,  the
conduct of Seller's  businesses  as  currently  conducted  does not  infringe or
otherwise impair or conflict with ("INFRINGE") any Intellectual  Property rights
of any  Person,  and the  Intellectual  Property  rights of Seller are not being
Infringed  by any  Person;  and to the  knowledge  of  Seller  (ii)  there is no
litigation  or order  pending or  outstanding,  or to the  knowledge  of Seller,
threatened  or imminent,  that seeks to limit or challenge or that  concerns the
ownership,  use,  validity or  enforceability  of any  Intellectual  Property or
Seller's use of any  Intellectual  Property owned by a third party,  and, to the
knowledge of Seller, there is no valid basis for the same.

          (d)  ROYALTIES.  No royalties,  honoraria or other fees are payable by
Seller to any Person for the use of or right to use any  Intellectual  Property,
except as set forth in SCHEDULE 5.11(d).

     5.12.  PERMITS.  The Permits listed in SCHEDULE 5.12  constitute all of the
licenses,   permits,   certificates,    approvals,    exemptions,    franchises,
registrations,  variances, accreditations or authorizations currently used in or
required  for the  operation  of the Business as operated by Seller prior to the
Closing  Date  except for any  Permits  the  absence  of which  would not have a
Material Adverse Effect.  The Permits are valid and in full force and effect and
there  are no  pending  proceedings  which  could  result  in  the  termination,
revocation,  limitation  or  impairment  of any of the  Permits.  Seller has not
received notice of any violations in respect of any of the Permits.

     5.13. LABOR AND EMPLOYMENT MATTERS; ERISA MATTERS.

          (a)  SCHEDULE  5.13  contains a list of each  employee of Seller (such
employees, the "SELLER EMPLOYEES").  Except as set forth on SCHEDULE 5.16, there
are no employment,  consulting,  severance or indemnification  contracts between
Seller and any of the Seller  Employees.  Seller either has paid to date or will
pay within the normal  payroll  cycle after the Closing Date all accrued  wages,
salary, commissions, vacation and sick pay accrued on or before the Closing Date
for all of the  Seller  Employees  and,  agents and  representatives  of Seller.
Seller  is  in  compliance  with  Laws  respecting   employment  and  employment
practices, terms and conditions of employment and wages and hours.

          (b)  Except as set forth on  SCHEDULE  5.13(b),  Seller  maintains  no
employee  welfare  benefit plans or employee  pension  benefit plans (within the
meaning  of  Section  3(1)  or  Section  3(2),  respectively,  of  the  Employee
Retirement  Income  Security Act of 1974,  as amended  (ERISA).  Seller shall be
solely liable for all obligations  with respect to all employee  welfare benefit
plans  (within the meaning of Section  3(1) of ERISA) of which Seller is or ever
has been a party or by which it is or ever has been bound.

                                       16

          (c)  To  Globe's  knowledge,   there  are  no  pending  investigations
involving  Seller  by the U.S.  Department  of Labor or any  other  Governmental
Agency.  There is no unfair labor  practice  charge or complaint  against Seller
pending  before the National  Labor  Relations  Board or any strike,  picketing,
boycott,  dispute, slowdown or stoppage pending or threatened against Seller. No
collective  bargaining  agreement or  modification  thereof is  currently  being
negotiated by Seller.  No grievance or  arbitration  proceeding is pending under
any expired or existing collective  bargaining agreements of Seller. No material
labor dispute with Seller  Employees  exists or, to the  knowledge of Globe,  is
imminent.

     5.14.  CONTRACTS,  ETC.  SCHEDULE 1.1(e) sets forth a complete and accurate
list of all  written  Contracts  to which  Seller  is a  party.  As used in this
Agreement, the word "CONTRACT" means:

          (a) agreement for the purchase,  sale,  lease, or license of services,
products,  or assets that are not  cancelable  without  penalty and that require
total future  payments in excess of $50,000 in any fiscal year in any  instance,
or entered  into other  than in the  Ordinary  Course  (but  excluding,  for the
avoidance  of doubt,  any such  agreement  whereby  payments are  contingent  in
nature);

          (b)   agreements  to  purchase  all  or   substantially   all  of  its
requirements for a particular  product or service from a particular  supplier or
suppliers,   or  to  supply  all  of  a  particular   customer's  or  customers'
requirements for a certain service or product;

          (c)  agreement  or other  commitment  pursuant to which any Person has
agreed to indemnify or hold harmless any other Person;

          (d) employment agreement, consulting agreement, or agreement providing
for severance  payments or other additional  rights or benefits  (whether or not
optional) in the event of the sale or other change in control;

          (e)  agreement  with any  current  or former  Affiliate,  shareholder,
officer, director, employee, or consultant, or with any Person in which any such
Affiliate,  shareholder,  officer,  director,  employee,  or  consultant  has an
interest;

          (f) joint venture or teaming agreement;

          (g)  agreement  with any domestic or foreign  government  or agency or
executive  office thereof or any  subcontract  and any third party relating to a
contract  between  such third party and any  domestic or foreign  government  or
agency or executive office thereof; or

          (h)   agreement   imposing   non-competition   or  exclusive   dealing
obligations.

Seller has delivered to the Buyer true,  correct and complete copies of all such
Contracts, together with all amendments,  modifications and supplements thereto.
Each of the  Contracts  listed on  SCHEDULE  5.14  hereto  is in full  force and
effect,  the  Seller  is not in  breach  of any of the  provisions  of any  such
Contract (to the extent that any such breach has or could reasonably be expected
to have a Material Adverse Effect),  nor to Seller's  knowledge is Seller or any
other  party  to any  such  Contract  in  default  thereunder,  nor to  Seller's
knowledge does any event or condition  exist which with notice or the passage of

                                       17

time or both would constitute a default thereunder.  Seller has performed in all
material  respects  with all  obligations  required to be performed by Seller to
date under each such  Contract.  Except as set forth in  SCHEDULES  5.14(a)  and
5.14(b),  no  approval  or  consent  of any  Person is needed in order  that the
Contracts  continue in full force and effect  following the  consummation of the
transactions  contemplated by this Agreement,  and no such Contract includes any
provision the effect of which may be to enlarge or accelerate any obligations of
the Seller  thereunder or give  additional  rights to any other party thereto or
shall in any other way be affected  by, or  terminate or lapse by reason of, the
transactions   contemplated  by  this  Agreement  or  the  Seller's  Transaction
Documents.

     5.15.  ENVIRONMENTAL  MATTERS.  Except as set forth on SCHEDULE  5.15:  (a)
Seller is in material  compliance  with all applicable  Environmental  Laws; (b)
there is no  Environmental  Claim pending  against the Seller with regard to the
Acquired Assets, Leased Real Property, or Business;  (c) Seller has obtained all
material  Permits,   approvals,   identification  numbers,   licenses  or  other
authorizations  required under any applicable  Environmental Laws with regard to
the Acquired Assets or Business (the "ENVIRONMENTAL PERMITS") and is in material
compliance with their requirements; (d) to the knowledge of Seller, there are no
underground or  aboveground  storage tanks or any surface  impoundments,  septic
tanks,  pits, sumps or lagoons in which Hazardous  Materials (as defined herein)
are  being or have been  treated,  stored or  disposed  of on any real  property
Seller  currently  owns  or  leases  for the  Business  other  than in  material
compliance with applicable  Environmental Laws; (e) Seller has not undertaken or
completed  any  investigation  or  assessment  or remedial  or  response  action
relating  to  any  release,  discharge  or  disposal  of or  contamination  with
Hazardous  Materials  at any site,  location  or  operation  of  Seller,  either
voluntarily  or  pursuant  to the  order of any  Governmental  Authority  or the
requirements  of any  Environmental  Law;  and (f) there  have been no  actions,
suits,  demands,  demand letters,  claims,  liens,  notices of non-compliance or
violation,   notices  of  liability  or  potential  liability,   investigations,
proceedings,  consent  orders  or  consent  agreements  relating  in any  way to
Environmental  Laws, any Environmental  Permits or any Hazardous  Materials (the
"ENVIRONMENTAL CLAIMS") against Seller that remain outstanding or unresolved.

     5.16. TAXES. Except as set forth on SCHEDULE 5.16 hereto:

          (a)  Neither  Globe nor Seller nor any member of a Relevant  Group has
failed to file any Tax return  required to be filed,  which failure could result
in the imposition of any Encumbrance  (other than Permitted  Encumbrances) on or
against the Acquired  Assets,  the Business or the Buyer or in any  liability to
the Buyer,  as transferee  or otherwise.  All Taxes imposed on the Seller or any
member  of a  Relevant  Group,  the  non-payment  of which  could  result  in an
Encumbrance  (other than  Permitted  Encumbrances)  on or against  the  Acquired
Assets,  the  Business  or the  Buyer  or in any  liability  to  the  Buyer,  as
transferee or otherwise,  have been or will prior to the Closing Date be paid by
the Seller.  All  deposits  required to be made by the Seller or any member of a
Relevant Group in respect of any material Tax,  including,  without  limitation,
withholding  taxes, have been or will be made in a timely fashion.  There are no
material Tax  deficiencies or claims asserted  against Seller or any member of a
Relevant Group the non payment of which could result in any Encumbrances  (other
than a  Permitted  Encumbrance)  on or  against  the  Acquired  Assets or in any
liability to Buyer,  as transferee or otherwise,  nor is there any basis for any
such deficiency or claim;

                                       18

          (b)  Neither  Globe nor Seller is not party to any Tax  allocation  or
sharing agreement or understanding that could, under any circumstances,  require
any payment by Buyer, any of its subsidiaries or any affiliate thereof after the
Closing Date;

          (c) No waiver of any statute of limitations relating to Taxes has been
executed or given by Seller.  There are no  Encumbrances  with  respect to Taxes
upon any of the  Acquired  Assets or the  Business.  All  required  Tax  returns
relating to the Business,  including  amendments to date,  have been prepared in
good faith without negligence or willful  misrepresentation and are complete and
accurate in all material respects; and

          (d) No Tax return of either Globe or Seller is  currently  under audit
by the IRS or by any  other  taxing  authority.  Neither  the IRS nor any  other
taxing authority is now asserting or, to the knowledge of Globe,  threatening to
assert  against  either Globe or Seller any  deficiency or claim for  additional
Taxes or interest thereon or penalties in connection therewith or any adjustment
that would have a Material Adverse Effect.

     5.17. INSURANCE.  SCHEDULE 5.17 lists all insurance Policies and binders of
liability, theft, fidelity, life, fire, product liability, health, unemployment,
workers' and  workmen's  compensation,  errors and  omissions and other types of
insurance,  self  insurance  practices and  performance  bonds  covering  Seller
(collectively, the "POLICIES"). Seller maintains such policies of insurance with
financially sound and reputable insurance companies, funds, or underwriters,  of
the kinds  required  to cover such risks and are in such  amounts  and with such
deductibles and exclusions as are consistent with prudent business practice of a
comparable  business.  Seller  warrants  that all such  Policies  (a) are valid,
enforceable  and in full force and effect,  (b) are sufficient for compliance by
Seller with all requirements of Law and all Contracts to which it is a party and
(c)  provide  that they will remain in full force and effect and will not in any
way be  affected  by, or  terminate  or lapse by  reason  of,  the  transactions
contemplated by this  Agreement.  All premiums with respect to such Policies are
currently paid, and no basis exists for early termination thereof on the part of
the insurer.  Seller is not in default with respect to its obligations under any
of such Policies,  nor has Seller received any  notification or other indication
from any  insurer or agent of any  intent to cancel or not to renew or  increase
the  premiums  on  any  such  Policies.   To  Seller's  knowledge  no  facts  or
circumstances  exist  which would  relieve  the insurer  under any Policy of its
obligation to satisfy in full any valid claim of the Seller  thereunder.  Seller
has not, during the last 5 fiscal years, been denied or had revoked or rescinded
any policy of insurance.

     5.18.  SUPPLIERS AND CUSTOMERS.  SCHEDULE 5.18 identifies each  contractor,
subcontractor,  customer and supplier of Seller that in each case is material to
the Business.  SCHEDULE 5.18 lists the products and services  supplied by Seller
to such  customer.  Except  as set  forth  on  EXHIBIT  5.18,  there  are (i) no
customers of Seller  accounting  for more than 10% of the gross  revenues of its
business for the last twelve-month period, and (ii) no sole-source  suppliers of
significant goods or services (other than electricity,  gas, telephone or water)
to Seller,  with respect to which alternative  sources of supply are not readily
available on comparable terms and conditions.  No material  supplier or material
customer of the business of Seller has, during the past 12 months,  cancelled or
otherwise  terminated  its services or supplies to Seller or its use or purchase
of the products or services of Seller, or has communicated any threat in writing
to Seller to do so.  Neither  Seller nor Globe has any  knowledge  that any such
supplier  or  customer  intends to cancel,  reduce or  otherwise  terminate  its

                                       19

relationship  with Seller or the usage or purchase of the products of Seller, or
that the  transactions  contemplated  by this  Agreement will result in any such
cancellation, reduction or termination.

     5.19. SUBSIDIARIES. Seller has no subsidiaries or equity investments in any
other corporation, association, partnership, joint venture or other entity.

     5.20. CERTAIN LINE ITEMS AND RELATED ITEMS.

          (a) ACCOUNTS  RECEIVABLE.  To Seller's  knowledge,  all Receivables of
Seller  received in connection with the Business have arisen only from bona fide
transactions  entered  into in the  Ordinary  Course,  are the legal and binding
claims of  Seller,  free and clear of all  Encumbrances  (other  than  Permitted
Encumbrances),  have been recorded in accordance with GAAP and are not and shall
not be subject  to any  counterclaim,  set-off or defense  (except to the extent
reserved  against).  Since the Balance  Sheet Date,  no  customer  has  notified
Seller, orally or in writing, that they intend to assert any material right to a
discount,  allowance or chargeback with respect to any products or services. The
Receivables are current as of the date hereof. Seller has delivered to the Buyer
a complete and accurate aging list of all Receivables as of a date not more than
5 days prior to the Closing Date.

          (b) ACCOUNTS  PAYABLE.  The  accounts  payable  related to Seller,  as
reflected on the Financial Statements or thereafter and recorded by Seller, have
arisen only from bona fide transactions entered into in the Ordinary Course. All
payment terms in  connection  therewith are  consistent  with past  practices of
Seller.

     5.21.  POTENTIAL CONFLICTS OF INTEREST.  Except for compensation to regular
employees of Seller,  and as set forth on SCHEDULE 5.21,  neither Seller nor any
officer,  director or  stockholder of the Seller,  nor any Affiliate,  (a) owns,
directly  or  indirectly,  any  interest  in  (excepting  not more than 1% stock
holdings  for  investment  purposes in  securities  of publicly  held and traded
companies) or is an officer, director, employee or consultant of any Person that
is a  competitor,  lessor,  lessee,  customer or  supplier of Seller;  (b) owns,
directly or indirectly, in whole or in part, any tangible or intangible property
which the Seller is using with  respect to the  Business;  (c) is a party to any
transaction  with Seller  providing for the furnishing of services by, or rental
or real or personal property from, or otherwise  requiring payments to, any such
director,  officer,  employee or shareholder or such  Affiliate;  or (d) has any
cause of action or other claim whatsoever related to Seller against, or owes any
amount related to Seller to, Seller,  except for claims in the Ordinary  Course,
such as for accrued  vacation pay, accrued benefits under employee benefit plans
and similar matters and agreements.

     5.22.  BROKER.  Except as set forth in SCHEDULE  5.23,  neither  Seller nor
Globe has not  retained,  utilized or been  represented  by any  broker,  agent,
finder or other  intermediary in connection with the negotiation or consummation
of this Agreement or the Transaction Documents or the transactions  contemplated
by this Agreement.

     5.23.  DELAWARE  REINCORPORATION.  Seller and Globe have been provided with
information regarding the planned  Reincorporation Merger (as defined below) and
consent thereto.

                                       20

     5.24.  SELLER  ACQUISITION  AGREEMENTS.  Globe has not  asserted  any claim
against the "Company" or any "Company Shareholder", as such terms are defined in
that  certain  Agreement  and Plan of  Merger by and  among  theglobe.com,  inc,
Seller,  Inc.,  and Seller  Acquisition,  Inc. dated August 30, 2004 (the "GLOBE
AGREEMENT"), for breach of any of the representations,  warranties, or covenants
in the Globe  Agreement  and, to the  knowledge of Globe,  Globe has no basis to
assert any such claim.

     ARTICLE  6.   REPRESENTATIONS  AND  WARRANTIES  OF  THE  BUYER.  The  Buyer
represents and warrants to the Seller as follows:

     6.1.  ORGANIZATION OF THE BUYER;  AUTHORITY.  The Buyer is corporation duly
incorporated,  validly existing and in good standing under the laws of the State
of Nevada. The Buyer has all requisite  corporate power and authority to execute
and deliver this  Agreement,  the other  Transaction  Documents to which it is a
party (the "BUYER TRANSACTION DOCUMENTS") and any related agreements to which it
is a party and to perform the Contemplated Transactions.

     6.2.  CORPORATE  APPROVAL;  BINDING  EFFECT.  The  Buyer has  obtained  all
necessary  corporate  action,  authorizations  and  approvals  required  for the
execution and delivery of the Buyer  Transaction  Documents and the consummation
of the transactions  contemplated hereby and thereby. This Agreement and each of
such Buyer  Transaction  Documents  have been duly executed and delivered by the
Buyer and  constitutes  the legal,  valid and binding  obligation  of the Buyer,
enforceable  against the Buyer in accordance with its terms except as limited by
applicable bankruptcy, insolvency,  reorganization,  moratorium or other similar
laws now or  hereafter  in effect  relating to or  affecting  creditors'  rights
generally, including the effect of statutory and other laws regarding fraudulent
conveyances and preferential transfers and subject to the limitations imposed by
general  equitable   principles   (regardless  whether  such  enforceability  is
considered in a proceeding at law or in equity).

     6.3.  NON-CONTRAVENTION.  The  execution  and  delivery by the Buyer of the
Buyer   Transaction   Documents  and  the  consummation  by  the  Buyer  of  the
transactions  contemplated  hereby and thereby  will not (a) violate or conflict
with any  provisions  of the charter or bylaws of the Buyer,  each as amended to
date; (b) conflict with or result in the breach or termination of (or constitute
a  default  for any event  which,  with  notice  or lapse of time or both  would
constitute a default)  under,  or accelerate  the  performance  required by, any
contract, lease, agreement, commitment or other instrument or restriction of any
kind to which the Seller is a party,  or result in a violation of any Law of any
Governmental  Authority  applicable to the Buyer,  or (ii) on the ability of the
Buyer to perform its obligations hereunder or under the Transaction Documents.

     6.4. GOVERNMENTAL CONSENTS.  Except as set forth in SCHEDULE 6.4 hereto, no
consent, approval or authorization of, or registration,  qualification or filing
with, any  Governmental  Authority is required for the execution and delivery by
the Buyer of this Agreement and the Buyer Transaction Documents to which it is a
party or for the  consummation  by the  Buyer of the  transactions  contemplated
hereby or thereby.

     6.5.  BROKER.  Except  as set  froth in  SCHEDULE  6.5,  the  Buyer has not
retained,  utilized or been  represented by any broker,  agent,  finder or other
intermediary  in  connection  with  the  negotiation  or  consummation  of  this
Agreement or of the transactions contemplated by this Agreement.

                                       21

     6.6. LITIGATION, ETC. Except as set forth on SCHEDULE 6.6 hereto, no claim,
action, suit,  proceeding or investigation  whether civil or criminal, in law or
equity,  before  any  arbitration  or  Governmental   Authority  is  pending  or
threatened  in writing:  (i) against  Buyer,  (ii)  relating to or affecting the
ability of Buyer to execute this Agreement or the Buyer's Transaction  Documents
or consummate the transactions  contemplated  herein or therein,  or (iii) which
questions  the  validity of this  Agreement  or any of the  Buyer's  Transaction
Documents or challenges any of the transactions  contemplated hereby or thereby,
nor to  Buyer's  knowledge  is  there  any  basis  for any  such  action,  suit,
proceeding  or  investigation.  None of the matters  set forth in  SCHEDULE  6.6
hereto, either individually or in the aggregate, could reasonably be expected to
have a Material Adverse Effect.

     6.7. FINANCING. Buyer has received financing commitments in an amount of at
least $30,000,000.

     6.8.  REINCORPORATION MERGER. Buyer has approved a reincorporation of Buyer
to the  State of  Delaware  by  virtue  of a merger  of Buyer  with and into its
wholly-owned Delaware subsidiary named RelationServe, Inc. (the "REINCORPORATION
MERGER"). The Reincorporation Merger has been approved by the Board of Directors
and the  stockholders  of  Buyer,  and  will be  effective  upon the  filing  of
certificates  of merger with the  Delaware and Nevada  Secretary  of State.  The
Reincorporation  Merger is expected to occur  following the date of execution of
this  Agreement  and  prior  to the  Closing  Date.  Upon  effectiveness  of the
Reincorporation  Merger,  the  representations  and  warranties,  covenants  and
conditions  of  Buyer  made  herein,  and to be made at  Closing,  and the  term
"Buyer," as used in this Agreement,  will, for all purposes, mean RelationServe,
Inc., as Buyer, and as public parent holding company of the businesses owned and
operated by Buyer.  Following the effective time of the Reincorporation  Merger,
RelationServe,  Inc. shall change its name to RelationServe Media, Inc. and each
of the representations and warranties contained herein shall continue to be true
and correct,  except that references to the Nevada  incorporation of Buyer shall
be replaced with Delaware and the Delaware corporation shall be bound by all the
covenants and conditions of Buyer as stated herein.

     ARTICLE 7. COVENANTS

     7.1. OPERATIONS PRIOR TO THE CLOSING DATE.

     Except as set forth on SCHEDULE  7.1 and except as  otherwise  permitted by
the prior  written  consent of Buyer,  during  the period  from the date of this
Agreement  to the Closing  Date:  (i) the  business of Seller shall be conducted
only in, and neither  Globe nor the Seller shall take any action  except in, the
Ordinary  Course;  and (ii) Globe and  Seller  shall use their  reasonable  best
efforts to preserve the business of Seller substantially intact, to preserve the
value of the assets and  properties,  wherever  located,  that are  material  to
Seller in existence on the date hereof, to comply with all Laws and requirements
of any Governmental  Authority  applicable to Seller and to preserve the present
relationships  of Seller with customers,  suppliers and other persons with which
Seller has  business  relations.  By way of  amplification  and not  limitation,

                                       22

except as contemplated by this Agreement,  Seller shall not, between the date of
this Agreement and the Closing Date,  directly or indirectly,  do, or propose or
agree to do, any of the  following,  except as set forth on SCHEDULE  7.1 hereto
and except as permitted by the prior written consent of Buyer:

          (a) either (i) split,  combine or reclassify  any of its Capital Stock
or issue or  authorize  the issuance of any other  securities  in respect of, in
lieu of or in  substitution  for shares of its Capital Stock,  or (ii) purchase,
redeem or otherwise  acquire any shares of Capital Stock or the Capital Stock of
any of its subsidiaries or any other securities thereof or any rights, warrants,
or options to acquire any such shares or other securities. Buyer understands and
agrees that Globe relies upon Seller to meet Globe's  liquidity  needs and that,
prior to Closing,  Globe will  continue to cause Seller to  distribute  funds to
Globe;

          (b) issue,  deliver,  sell, pledge or otherwise encumber any shares of
its Capital Stock,  any other voting  securities or any  securities  convertible
into,  or any rights,  warrants or options to acquire,  any such shares,  voting
securities or convertible securities;

          (c) amend its  charter  or bylaws or other  comparable  organizational
documents, as applicable;

          (d) agree to  acquire  (i) by  merging or  consolidating  with,  or by
purchasing a substantial  portion of the assets of, or by any other manner,  any
business or any  corporation,  limited  liability  company,  partnership,  joint
venture or other entity or division thereof or (y) any assets that  individually
or in the aggregate are material to Seller, except for purchases of inventory in
the Ordinary Course;

          (e) either (i) incur any Indebtedness or guarantee any Indebtedness of
another person, issue or sell any debt securities or warrants or other rights to
acquire any debt  securities,  guarantee any debt  securities of another person,
enter  into any  "keep  well" or  other  agreement  to  maintain  any  financial
statement  condition of another person or enter into any arrangement  having the
economic  effect  of any of the  foregoing,  except  for  short-term  borrowings
incurred in the Ordinary  Course  consistent with the Ordinary  Course,  or (ii)
make any loans,  advances or capital  contributions  to, or investments  in, any
other person,  other than Seller or any direct or indirect  subsidiary of Seller
or to officers and  employees of Seller or any of its  subsidiaries  for travel,
business or relocation expenses in the Ordinary Course;

          (f) pay,  discharge,  settle or satisfy  any  claims,  liabilities  or
obligations (absolute, accrued, asserted or unasserted, contingent or otherwise,
other than the payment  discharge,  settlement or  satisfaction  in the Ordinary
Course of liabilities  reflected or reserved against in, or contemplated by, the
Financial  Statements,  incurred since the date of such Financial  Statements in
the Ordinary  Course,  or which do not in the aggregate have a Material  Adverse
Effect;

          (g) either (i) amend (other than as required by Laws) any benefit plan
of Seller in any  material  respect,  (ii)  increase the  compensation  or bonus
opportunity of any employee of Seller,  except for any increases in the Ordinary
Course, or (iii) grant any additional equity based  compensation to any employee
of Seller, except for grants in the Ordinary Course;

                                       23

          (h)  make or  agree to make any new  capital  expenditure  or  capital
expenditures  which individually is in excess of $10,000 or in the aggregate are
in excess of $25,000;

          (i)  make  any  change  to  its  accounting  methods,   principles  or
practices, except as may be required by GAAP;

          (j) make any tax election with respect to Seller;

          (k) sell (except in the Ordinary Course),  assign,  pledge, dispose of
or encumber any of the assets or properties of Seller;

          (l) fail to defend or initiate  any matter or proceed  with any matter
before  any  governmental,  regulatory  or  administrative  authorities  that is
necessary to protect Seller;

          (m) fail to (i)  maintain  the  assets  or  properties  of  Seller  in
customary repair,  order and condition in all respects,  (ii) maintain insurance
for Seller  reasonably  comparable in all material respects to that in effect on
the date of this  Agreement or (iii) in the event of a casualty,  loss or damage
to any of the assets or properties of Seller prior to the Closing Date for which
the Seller are insured,  either repair or replace such damaged assets or, at the
option of the Buyer, transfer the proceeds of such insurance to the Buyer;

          (n)  fail  to  comply  with  all  Laws  and all  material  contractual
obligations applicable to Seller;

          (o) terminate,  replace,  settle any dispute under, amend or otherwise
modify any  material  Contract  or waive any of the  obligations  of the parties
(other than the  Seller's) to such  material  Contracts  or the Seller's  rights
under any of such agreements relating to the Business; or

          (p) enter into or agree to any contract,  commitment,  arrangement  or
understanding  in relation to the  Business  which,  if entered into on the date
hereof,  would be required  to be  disclosed  on a Schedule  to this  Agreement,
unless disclosed to Buyer.

     7.2.  PRESERVE  ACCURACY OF  REPRESENTATIONS  AND  WARRANTIES.  Each of the
parties  hereto  shall  refrain  from taking any action  which would  render any
representation  or  warranty  contained  in  Articles  5 or 6 of this  Agreement
inaccurate as of the Closing Date.  Each party hereto shall promptly  notify the
other of any  proceeding  that shall be instituted  or  threatened  against such
party  to  restrain,  prohibit  or  otherwise  challenge  the  legality  of  the
Contemplated  Transactions.  Globe and Seller shall promptly notify the Buyer of
(a) any  proceeding  that may be  threatened,  brought,  asserted  or  commenced
against it which if such  proceeding  had arisen  prior to the date hereof would
have been required to be disclosed to Buyer  hereunder;  (b) any fact which,  if
known on the date of this Agreement, would have been required to be set forth or
disclosed  pursuant  to  this  Agreement;  and  (c)  any  actual,  impending  or
threatened breach of any of the representations and warranties contained in this
Agreement and with respect to the latter, shall use their best efforts to remedy
such actual, impending or threatened breach.

     7.3. NOTIFICATION BY THE SELLER OF CERTAIN MATTERS. During the period prior
to the Closing Date, the Seller will promptly advise the Buyer in writing of (a)
any  adverse  change in the  Business,  (b) any written  notice or other  formal

                                       24

communication  from any third  Person  alleging  that the  consent of such third
Person is or may be required in connection  with the  Contemplated  Transactions
and (c) any material  default under any Contract or event of which,  with notice
or lapse of time or both, would become such a default on or prior to the Closing
Date.

     7.4.  ACCESS TO  INFORMATION.  From and after the date  hereof,  the Seller
shall give, or cause to be given,  to Buyer and its  representatives,  employees
and financing sources, timely access to all of its the titles, contracts, books,
records, files, documents,  and personnel as the Buyer shall reasonably request,
furnish to the Buyer all such information concerning its business and affairs as
the Buyer reasonably may request and cause its independent public accountants to
permit Buyer and its  representatives  to examine all records and working papers
in order to permit  an  independent  accounting  firm  selected  by the Buyer to
conduct an audit of the Business's financial statements in a diligent manner.

     7.5. NO NEGOTIATION.  (a) Except as specifically  set forth in this Section
7.5  hereof,  until  the  earlier  of the  Closing  or the  termination  of this
Agreement  pursuant to Article 12 hereof  (the  "EXCLUSIVITY  PERIOD"),  neither
Globe nor Seller shall,  directly or indirectly,  individually or through any of
their respective officers, directors, stockholders,  employees, representatives,
agents, affiliates, or otherwise (collectively, the "REPRESENTATIVES") initiate,
solicit  or  encourage,  or  respond  to  (other  than  to  say  that  they  are
contractually  obligated  not to  respond,  and  referring  such party to public
disclosure regarding this Agreement, but shall not otherwise respond, including,
without limitation,  by way of furnishing non-public  information or assistance)
any proposals, inquiries or offers from any person or entity, including, but not
limited to, any  stockholder of Globe or Seller  ("THIRD-PARTY"),  or enter into
any  confidentiality  agreement,  due  diligence  agreement,  letter of  intent,
purchase  agreement,  merger  agreement  or  other  arrangement,  regarding  any
proposed sale of all or any portion of the Acquired  Assets or control  thereof,
whether by means of a sale or  exchange  of shares,  sale of assets,  whether in
whole  or  in  part,   merger,   recapitalization,   liquidation   or  otherwise
("THIRD-PARTY  ACQUISITION").  Except as specifically  set forth in this Section
7.5,  during the  Exclusivity  Period,  neither Globe nor Seller shall have, and
shall take reasonable  efforts to cause their  Representatives  not to have, any
discussions, conversations, negotiations or other communications relating to any
Third-Party  Acquisition with any Third-Party  expressing interest therein,  and
shall  immediately  discontinue  negotiations with any Third-Party with which it
heretofore has engaged in negotiations or discussions  regarding any Third-Party
Acquisition (an "EXISTING POTENTIAL  ACQUIROR").  During the Exclusivity Period,
Globe and Seller  immediately  shall  notify  Buyer of all terms of any  written
inquiry, contact,  communication, or proposal by any Third-Party with respect to
any Third-Party  Acquisition  that is received by either of them or any of their
Representatives  (including the response thereto), and promptly (within 72 hours
of  receipt)  shall  provide  Buyer  with a copy of any  such  written  inquiry,
contact,  communication or proposal. With respect to any oral inquiry,  contact,
communication  or proposal,  Globe and Seller shall document the same in writing
(including the response  thereto) and reasonably  promptly  provide Buyer with a
copy of the same.  Seller agrees that: if this Agreement is terminated by Seller
as a result of its acceptance of a Superior  Proposal,  then upon the earlier of
such  termination  or  acceptance,  Globe and Seller  immediately  shall  become
obligated  to pay and  shall  pay to  Buyer  by wire  transfer  (in  immediately
available  funds)  liquidated  damages  in the  amount  of One  Million  Dollars
($1,000,000) (the "FEE"), which Globe and Seller acknowledge is reasonable under

                                       25

the  circumstances  and designed to compensate Buyer for the lost opportunity to
consummate the Contemplated  Transactions.  This Fee will serve as the exclusive
remedy to Buyer  hereunder  in the event of payment  required as a result of the
arrangements  set forth herein,  including,  but not limited to, Buyer's damages
relative  to  its  efforts,  expenses  and  costs  incurred  in  evaluating  the
Contemplated Transactions. The parties acknowledge that the foregoing provisions
do not necessarily require Globe or Seller to provide Buyer a written summary of
on-going  discussions  with a third  party,  nor  shall  Seller be  required  to
document to Buyer any oral inquiry, contact, communication or proposal that does
not materially change any inquiry, contact, communication or proposal previously
provided by Buyer.

          (b) The parties  acknowledge that prior to the Closing, in response to
a bona fide unsolicited written proposal for a Third-Party  Acquisition that did
not result from the breach of this Section 7.5 (a  "THIRD-PARTY  PROPOSAL")  and
following delivery to Buyer of notice and a copy of the Third-Party  Proposal in
compliance with its obligations  under Section 7.5 hereof,  Globe and Seller may
participate in discussions or negotiations with or furnish information (pursuant
to a confidentiality agreement with customary terms comparable to those in place
with Buyer or already in place with regard to Existing  Potential  Acquirors) to
any  Third-Party  which makes a bona fide written  Third-Party  Proposal if, and
only if,  prior to taking  such  action:  (A) a  majority  of  Globe's  Board of
Directors  determines  in good  faith  (after  consultation  with its  financial
advisors) that the transactions  contemplated by such  Third-Party  Proposal are
capable  of  being  completed  and  that  such  Third-Party  Proposal  is  or is
reasonably expected to result in a Superior  Transaction (as defined herein) and
(B) a majority of Globe's  Board of  Directors  determines  in good faith (after
receiving the advice of outside  legal  counsel) that the failure to pursue such
Superior Proposal would likely result in a reasonable possibility of a breach of
their fiduciary  duties as directors under applicable law and (C) Sellers comply
in all material  respects with the information and notice  obligations set forth
in this Section 7.5.

          (c) For purposes of this Agreement,  "SUPERIOR  PROPOSAL" means a bona
fide  Third-Party  Proposal to  purchase at least a majority of the  outstanding
equity  securities  of  either  Globe or  Seller  pursuant  to a stock  purchase
agreement,   tender   offer  or   exchange   offer  or  to  effect  any  merger,
consolidation,  business  combination or sale of all or substantially all of the
Acquired Assets,  recapitalization or similar transaction  involving the Seller,
on terms which a majority of Globe's Board of Directors determines in good faith
(after consultation with its financial advisors) to be superior to Globe and its
shareholders (in their capacity as shareholders)  from a financial point of view
(taking into account, among other things, all legal,  financial,  regulatory and
other  aspects of the  proposal  and identity of the offeror) as compared to (i)
the transactions  contemplated hereby and (ii) any alternative proposed by Buyer
in  accordance  with  Section  7.5(d)  (taking  into  account the same  factors,
including  whether  it is  reasonably  capable of being  consummated)  (any such
transaction being referred to herein as a "SUPERIOR TRANSACTION").

          (d) Seller  and Buyer  agree  that,  notwithstanding  anything  to the
contrary herein, prior to the Closing,  Globe and Seller,  and/or their Board of
Directors,  may take the actions otherwise prohibited by Section 7.5(a), subject
to the conditions of and as limited by Section 7.5(b)

                                       26

          (e) Buyer  agrees that  nothing  contained  in this  Section 7.5 shall
prohibit  Globe  from  taking  and  disclosing  to its  shareholders  a position
contemplated  by Rule  14d-9 and Rule  14e-2  promulgated  under the  Securities
Exchange  Act of 1934,  as  amended,  with  respect to any tender  offer or from
making  any  disclosure  to Globe  shareholders  which  the  Board of  Directors
determines,  on the advice of counsel,  that it is  required  to disclose  under
applicable law.

          (f) If at any time  prior  to the  Closing,  a  Superior  Proposal  is
received by the Seller and the Board of  Directors of Globe  determines  in good
faith (after receiving the advice of outside legal counsel) that it is necessary
to withhold or withdraw its  recommendation of the Contemplated  Transaction (as
defined  herein) and to enter into an agreement to effect the Superior  Proposal
in  order  to  comply  with  its  fiduciary  duties  to its  shareholders  under
applicable  law,  then the Globe Board of Directors may withhold or withdraw its
recommendation of this  Transaction;  provided that the Globe Board of Directors
may not withdraw its  recommendation  pursuant to this Section 7.5(f) unless and
until (i) four (4) Business Days have elapsed  following  delivery to Buyer of a
written  notice of such  determination  by the Board of Directors of Globe,  and
during such four (4) Business Day period Globe has fully  cooperated with Buyer,
including,  without  limitation,  informing Buyer of the terms and conditions of
such Superior Proposal and the identity of the Third-Party  making such Superior
Proposal  and  providing to Buyer  copies of all  documents  required by Section
7.5(a),  with the intent of enabling the parties hereto the opportunity to Buyer
to negotiate and attempt to agree to a modification  of the terms and conditions
of this  Agreement  to  provide  at  least  equivalent  value to the  Seller  as
determined in the  reasonable  and good faith  exercise of the discretion of the
Board of Directors of Globe, so that the transactions contemplated hereby may be
effected;  and  (ii)  at the  end of such  four  (4)  Business  Day  period  the
Third-Party  Proposal  continues  in the good  faith  judgment  of the  Board of
Directors  of  Globe  to  constitute  a  Superior   Proposal   compared  to  the
Contemplated  Transaction  or any  other  offer  made by Buyer  and the Board of
Directors of Globe  confirms its  determination  (after  receiving the advice of
outside  legal  counsel)  that it is  necessary  to  withhold  or  withdraw  its
recommendation  of the  Transaction  and enter into an  agreement  to effect the
Superior Proposal to comply with its fiduciary duties to its shareholders  under
applicable law.

          (g) Notwithstanding  anything herein to the contrary, this Section 7.5
shall survive the termination of this Agreement.

     7.6. BEST EFFORTS.  Each party shall use its best efforts timely to satisfy
each of the  conditions to be satisfied by it as provided in Articles 8 and 9 of
this Agreement.

     7.7.  ESCROWED FUNDS. On the date hereof,  the Buyer shall place the Escrow
Amount  into  escrow  pursuant to the Escrow  Agreement.  Prior to Closing,  the
Escrow Amount shall only be payable to Seller pursuant to Section 12.2 hereof.

     7.8.  CONFIDENTIALITY.  Prior to, on and after the  Closing  Date and for a
period of two (2) years thereafter,  Globe, Seller and Buyer agree to (and shall
cause  their  respective   Affiliates  and   representatives  to)  maintain  the
confidentiality  of all  confidential  or proprietary  information of Seller and
Buyer, and agree not to, directly or indirectly,  disclose any such confidential
or proprietary  information  except to the extent that disclosure of any portion
thereof is  required by law or  determined  to be  necessary  to comply with any
legal or  regulatory  order,  regulation  or  requirement  or to the  extent the
information  becomes generally available to the public other than as a result of
a disclosure by Seller or Buyer.

                                       27

     7.9. EXPENSES. Except as otherwise set forth herein, Buyer on the one hand,
and Globe and Seller on the other  hand,  shall  each bear their own  respective
expenses  incurred in connection with the preparation,  execution,  delivery and
performance  of this Agreement and the  Transaction  Documents and in connection
with  all  obligations  required  to be  performed  by each of them  under  this
Agreement  and  the  Transaction  Documents,  whether  or not  the  transactions
contemplated hereby and thereby are consummated.

     7.10. PUBLIC ANNOUNCEMENTS. Globe, Seller and Buyer shall consult with each
other before  issuing any press  release,  public  announcement  or other public
statement   concerning  the   contemplated   Transactions   or  any  transaction
contemplated  by this Agreement or any of the Transaction  Documents,  and shall
not issue any such public announcement,  press release or public statement prior
to such  consultation,  except  as may be  required  by law.  Copies of any such
announcement  or filings shall be delivered to the other parties hereto prior to
release.

     7.11. INFORMATION STATEMENT.

          (a) As promptly as reasonably  practicable  following the date of this
Agreement,  Globe  shall,  with the  assistance  of Buyer,  prepare and mail the
information statement to be sent to the stockholders of Globe in connection with
obtaining  stockholder approval of the Contemplated  Transactions (as amended or
supplement,  the "Information  Statement").  Buyer and Globe will cooperate with
each other in the preparation of the Information Statement. Without limiting the
generality  of the  foregoing,  (i) Globe will  provide  Buyer with a reasonable
opportunity  to review and comment on the  Information  Statement and (ii) Buyer
will  furnish  to Globe  true and  correct  information  relating  to it and its
arrangements with Seller Management required by applicable securities laws to be
set forth in the Information Statement.

          (b)  Globe  agrees  that  none of the  information  supplied  or to be
supplied by Globe for inclusion or  incorporated by reference in the Information
statement  will,  at the date it is first mailed to the  stockholders  of Globe,
contain any untrue  statement  of a material  fact or omit to state any material
fact  required to be stated  therein or necessary in order to make the statement
therein,  in the light of the  circumstances  under  which  they are  made,  not
misleading.

          (c) Globe shall use its reasonable  best efforts,  after  consultation
with  buyer,  to  resolve  all SEC  comments  with  respect  to the  Information
Statement as promptly as practicable  after receipt  thereof.  Each of Buyer and
Globe agree to correct any information provided by it for use in the Information
Statement  which shall have become false or  misleading.  Globe shall as soon as
reasonably practicable notify Buyer of the receipt of any comments from or other
correspondence with the SEC staff with respect to the Information  Statement and
any request by the SEC for any  amendment  to the  Information  Statement or for
additional   information   (and  promptly  deliver  a  copy  of  such  comments,
correspondence or request to Buyer). Globe shall use its reasonable best efforts
to cause the  Information  Statement  to be mailed to  Globe's  stockholders  as
promptly as practicable after the Information Statement is cleared by the SEC.

                                       28

     7.12. STOCKHOLDER APPROVAL.  Glove shall obtain stockholder approval of the
Contemplated Transactions by written consent within seven (7) days following the
date hereof.

     7.13.  OPERATIONAL  REPRESENTATIONS.  Globe shall use its  reasonable  best
efforts (but shall not be required to incur any separate  payment  therefore) to
secure the  Operational  Representations  as to which  Globe and Seller  (and/or
Buyer for the purpose of any of the rights of Buyer under any of the  Management
Agreements,  including,  without  limitation,  any escrowed property provided by
Seller  Management) shall be beneficiaries.  The foregoing shall not require the
Seller or Globe to  procure  the  agreement  of  Seller  Management  that  their
Operational Representations may be relied upon by Buyer.

     7.14.  AVAILABILITY  OF  FINANCING.  Buyer  shall use its  reasonable  best
efforts to provide  that there  shall have been  funded  into one or more escrow
accounts  within  thirty (30) days of the date of this  Agreement  not less than
$30,000,000  which shall be  available to Buyer for the purposes of the Purchase
Price payable at the Closing pursuant to this Agreement, without condition other
than as  relate to  closing  of the  Contemplated  Transactions,  execution  and
delivery by Buyer of  definitive  securities  purchase  and  related  agreements
(including,  without  limitation,  perfection of any security interest in and to
any Acquired Assets),  and issuance of securities to the purchasers  thereof. In
the event that within such  thirty (30) day period,  Seller  shall not have been
provided evidence that such funds have been received in escrow, Seller and Globe
may,  at any time  thereafter,  (i)  terminate  this  Agreement  and receive the
Termination Fee (as defined herein);  (ii) terminate Section 7.5 hereof and seek
an alternative  transaction which Seller and Globe shall have the right to close
such  transaction  without  any  liability  to Buyer for  payment of a Fee under
Section 7.5; and/or (iii) take no action.

     ARTICLE 8. POST-CLOSING COVENANTS.

     8.1. TRANSFERRED EMPLOYEES.

          (a)  OFFER  OF  EMPLOYMENT.  Subject  to and in  accordance  with  the
provisions of this Section 8.1, Buyer shall,  effective upon the Closing,  offer
full-time  employment to each of the Seller  employees  employed by Seller as of
the Closing Date that Buyer, in its sole discretion, elects to offer employment,
as  listed on  SCHEDULE  5.16  hereof,  on terms  and  conditions  substantially
equivalent to the terms and  conditions  of employment  and benefits for current
employees of Buyer in similar job classifications  and grades.  Buyer shall hire
all of the Seller employees who accept such offer.  Buyer will deliver to Seller
a list of all of the Seller  employees  who have accepted an offer of employment
from Buyer promptly after the Closing. Each of the Seller employees who actually
becomes a full-time  employee of Buyer upon the Closing is hereinafter  referred
to as a "TRANSFERRED EMPLOYEE."

          (b) TRANSITION.  The employment of each Transferred Employee by Seller
shall end  effective  as of the close of  business on the day before the Closing
Date and the employment of the Transferred  Employees by Buyer shall commence at
or after 12:01 a.m. on the Closing Date.

          (c) RETENTION OF EMPLOYEES  PRIOR TO CLOSING.  Seller shall expend its
reasonable  efforts to assist  Buyer in securing the  employment  on the Closing
Date of the  Seller  employees;  provided,  however,  that  Seller  shall not be
required to incur any financial  obligation beyond continuing to pay for current
employee  compensation  and benefits prior to the Closing in connection with the
foregoing unless otherwise required by this Agreement.

                                       29

          (d) COMPENSATION AND BENEFITS OF TRANSFERRED  EMPLOYEES.  Coverage for
Transferred Employees under Buyer's benefit plans and programs shall commence as
of 12:01 a.m. on the Closing Date.  Buyer shall give each  Transferred  Employee
credit for such Transferred  Employee's years of most recent continuous  service
(including  time during  approved leaves of absences of less than 26 weeks) with
Seller for purpose of determining  participation and benefit levels under all of
Buyer's  vacation  policies and benefit  plans and  programs,  unless  otherwise
prohibited by law or the terms of any of Buyer's benefit plans and programs, and
shall give each  Transferred  Employee  credit for any accrued  vacation time to
which each Transferred  Employee would be entitled  immediately prior to Closing
under Seller's current vacation policy.  Seller shall retain  responsibility for
any claims under their health insurance  policies made by Transferred  Employees
arising out of insurable  losses  incurred or claims  accrued on or prior to the
Closing Date.

          (e) EMPLOYEES OTHER THAN  TRANSFERRED  EMPLOYEES.  Seller shall retain
responsibility  for Employees that are neither  offered nor accepted  employment
with Buyer and for employees of the Business listed on SCHEDULE 8.1(E).

          (f) All  liabilities or obligations to any Seller  Employee  resulting
from Buyer's  failure to offer  employment to any Seller  Employee  shall be and
remain the sole responsibility and liability of the Seller.

     8.2. ACCESS.

          (a) After the Closing Date,  Globe and Seller agree to make  available
to the Buyer for  inspection and copying at the Buyer's  expense,  at reasonable
times upon  request,  any records and documents  relating to the Business  which
were not  delivered to the Buyer at Closing and were retained by Globe or Seller
which,  at the time of such  request,  are in the  possession  or control of the
Seller and all Tax  returns.  In  addition,  Globe and  Seller  agree to provide
reasonable  assistance in the  collection of  information  or documents and make
available to Buyer any financial data and other  information  retained by Seller
relating  to  Seller,  and will make  available  such  former  employees  of the
Business  that at the time shall be employed by Globe or Seller,  as Buyer shall
from time to time  reasonably  request,  in  connection  with  claims or actions
brought by or against third parties based on events or circumstances  concerning
Seller and to permit Buyer to prepare any Tax returns and in connection with any
examination  by any  Governmental  Authority  of  Tax  returns  relating  to the
Business or Seller, as applicable,  for periods from and after the Closing Date.
Seller's  reasonable  expenses in  connection  therewith  shall be reimbursed by
Buyer.  Seller and its principals shall cooperate with Buyer and its accountants
in the preparation of all financial statements contemplated by this Agreement or
required to be filed by Buyer  under  applicable  Law.  Such  cooperation  shall
include,  but not be limited to, issuing  representation  letters to the Buyer's
accountants  with  respect  to all  financial  statements  of Globe  and  Seller
covering dates or periods on or prior to the Closing Date.

                                       30

          (b)  Subsequent  to the Closing  Date,  Buyer shall  provide Globe and
Seller with such assistance  (including  provision of records) as may reasonably
be requested by Globe and Seller in connection  with the  preparation of any Tax
Return,  the  response  to any audit or other  examination  by any  Governmental
Authority,  or  an  judicial  or  administrative  proceedings  relating  to  any
liability for Taxes.

     8.3. COVENANT NOT TO COMPETE.

          (a) Seller and Globe acknowledge and recognize the highly  competitive
nature of the industry in which Seller and the Business operate. Accordingly, in
consideration  of the  premises  contained  herein and the  consideration  to be
received  hereunder,  neither Globe nor Seller shall, during the Non-Competition
Period (as defined below), anywhere in North America: (i) directly or indirectly
engage,  whether  or  not  such  engagement  shall  be  as  a  member,  partner,
stockholder,  affiliate or other  participant,  in any Competitive  Business (as
defined herein),  or represent in any way any Competitive  Business,  whether or
not such  engagement or  representation  shall be for profit,  (ii) knowingly or
intentionally  interfere with,  disrupt or attempt to disrupt the  relationship,
contractual  or  otherwise,  between  Buyer  and any  other  person  or  entity,
including, without limitation, any customer, supplier, employee or consultant of
Buyer with  respect to the  Business,  (iii)  induce  any  employee  of Buyer to
terminate  his or her  employment  with  Buyer or to engage  in any  Competitive
Business  in  any  manner   described  in  the  foregoing  clause  (i)  or  (iv)
affirmatively  assist  or  induce  any  other  person or entity to engage in any
Competitive  Business  in any manner  described  in the  foregoing  clause  (i).
Anything  contained  in this  Section 8.3 to the  contrary  notwithstanding,  an
investment  by Globe or Seller in any  publicly  traded  company in which either
Globe or Seller  and their  affiliates  exercise  no  operational  or  strategic
control and which, collectively, constitutes less than 5% of the capital of such
entity shall not constitute a breach of this Section 8.3.

          (b) As used herein,  "NON  COMPETITION  PERIOD"  shall mean the period
commencing  on the Closing Date hereof and  terminating 5 years from the Closing
Date.

          (c)  "COMPETITIVE  BUSINESS"  shall mean any  business  engaged in the
development,  sales and support of online and offline direct-response  marketing
services or that is  substantially  similar to the services and products offered
by the Seller as of the date hereof.

          (d) Seller and Seller  understand that the foregoing  restrictions may
limit their  ability to earn income in a business  similar to that of the Buyer,
following Closing but they nevertheless  acknowledge that they have received and
will receive  sufficient  consideration and other benefits provided hereunder to
clearly justify such restrictions.

          (e)  Globe,  Seller  and  Buyer  recognize  and  acknowledge  that the
restrictions   set  forth   herein  are   reasonable   as  to  form  and  scope.
Notwithstanding  the foregoing,  it is the desire and intent of the parties that
the  provisions  of this  Section 8.3 shall be  enforced  to the fullest  extent
permissible  under the laws and public policies applied in each  jurisdiction in
which enforcement is sought.  Accordingly,  if any particular  provision of this
Section 8.3 shall be adjudicated to be invalid or unenforceable,  such provision
shall be deemed amended to (i) delete  therefrom the portion thus adjudicated to
be invalid or  unenforceable,  such  deletion to apply only with  respect to the
operation  of such  provision  in the  particular  jurisdiction  in  which  such
adjudication  is  made  or (ii)  otherwise  to  render  it  enforceable  in such
jurisdiction.

                                       31

          (f) Each of Buyer, Globe and Seller  acknowledges and understands that
the provisions of this Section 8.3 are of a special and unique nature,  the loss
of which cannot be  adequately  compensated  for in damages by an action at law,
and that the breach or threatened  breach of the  provisions of this Section 8.3
would cause the Buyer  irreparable  harm. In the event of a breach or threatened
breach by Globe or Seller of the provisions of this  Agreement,  the Buyer shall
be  entitled  to an  injunction  restraining  Globe and Seller  from such breach
without requirement to post bond or otherwise prove damage. Nothing contained in
this Section 8.3 shall be construed  as  prohibiting  the Buyer from or limiting
the Buyer in pursuing any other remedies  available for any breach or threatened
breach of this Agreement.

     8.4.  NONDISPARAGEMENT.  After the Closing  Date,  none of the parties will
disparage  any other party  hereto or any of such party's  managers,  directors,
officers, employees, representatives or agents, successors or assigns.

     8.5.  FORWARDING  OF INQUIRIES.  After the Closing  Date,  Globe and Seller
shall forward,  in a reasonable and prompt manner, all inquiries relating to the
Business to such persons,  offices or locations as the Buyer shall  designate in
writing.

     8.6. NAME CHANGE.  From and after the Closing Date Seller shall not use for
any commercial purposes a name containing "Seller" or any derivative thereof, in
any manner and for any purpose whatsoever.

     8.7.  FURTHER  ASSURANCES.  At any  time and from  time to time  after  the
Closing  Date,  each party shall,  without  further  consideration,  execute and
deliver to the other such other instruments of transfer and assumption and shall
take such  other  action as the other may  reasonably  request  to carry out the
transactions  contemplated by this Agreement.  Globe and Seller agree to perform
all acts that are reasonably within their purview,  authority and/or ability and
deliver  all  documents  reasonably  requested  by Buyer to perfect  and confirm
Buyer's  rights to the  Acquired  Assets,  including,  without  limitation,  the
Intellectual Property being transferred to Buyer hereunder,  including documents
for filing with the U.S. Patent and Trademark Office, the U.S. Copyright Office,
Network Solutions,  Inc., and other administering  parties or offices concerning
intellectual property.

     8.8. TAXES;  TAX TREATMENT.  All sales Taxes and transfer Taxes incurred in
connection with the Contemplated Transactions shall be borne by Seller.

     8.9.  COLLECTION OF ACCOUNTS  RECEIVABLE.  After the Closing  Date,  Seller
shall use  commercially  reasonable  efforts to collect any Accounts  Receivable
that were  generated in connection  with the Business  prior to the Closing Date
which shall be retained by Buyer for its own accounting,  Globe and Seller shall
promptly  remit to Buyer  (within 2  business  days) any  payments  on  Accounts
Receivable received by Seller or Globe after the Closing Date. After the Closing
Date,  Buyer  shall  have the right to notify any  customers  who owe Seller any
amounts properly payable to Buyer to send their payments directly to Buyer.

                                       32

     ARTICLE 9. CONDITIONS PRECEDENT TO BUYER'S  OBLIGATIONS.  The obligation of
the Buyer to  consummate  the Closing and to make all  payments of the  Purchase
Price shall be subject to the satisfaction at or prior to the Closing of each of
the following the parties shall have (A) to meet our obligations to deliver, (B)
sign our  management  conditions (to the extent  noncompliance  is not waived in
writing by the Buyer):

     9.1.  REPRESENTATIONS  AND  WARRANTIES  TRUE AT  CLOSING;  COMPLIANCE  WITH
COVENANTS; CORPORATE APPROVALS.

          (a) The  representations and warranties made by Globe and Seller in or
pursuant to this Agreement shall be true and correct in all material respects as
of the date  hereof and as of the  Closing  Date with the same  effect as though
such  representations  and  warranties  had been  made or given at and as of the
Closing  Date  (except for  representations  and  warranties  that speak as of a
specific date, which shall be true and correct as of such specific date);

          (b) Globe and Seller  shall each have  performed  and  complied in all
material respects with all of their covenants,  obligations and conditions under
this  Agreement to be performed or complied  with by each of them on or prior to
the Closing;

          (c) all corporate  approvals  necessary to authorize the  Contemplated
Transactions shall have been obtained by Globe and Seller.

The Buyer shall have received a certificate, executed by an executive officer of
each or Globe and  Seller and dated as of the  Closing  Date,  to the  foregoing
effect and certifying to (x) the adoption and copies of resolutions of the Board
of  Directors  and   shareholders,   each  Seller   approving  the  Contemplated
Transactions; (y) the incumbency of officers of each of Globe and Seller who are
executing  this  Agreement  or any  of the  Seller's  Transaction  Documents  or
certificates contemplated hereunder; and (z) attached copies of Seller's charter
and bylaws.

          (d) Globe and Seller shall deliver to Buyer (i) a certificate  of good
standing of Globe and Seller,  as of the most recent  practicable date, from the
Secretary of State of the states of  incorporation  of each of Globe and Seller;
and (ii) certificates from the Secretary of State of the appropriate official in
each state in which such Globe and Seller is  qualified  to do  business  to the
effect that Globe and Seller are in good  standing in such state;  in each case,
dated as of a date not more than 5 Business Days prior to the Closing Date.

     9.2.  CONSENTS.  Globe,  Seller and Buyer shall have obtained all necessary
consents of third parties to the Contemplated Transactions,  including,  without
limitation,  any consents required by the Contracts and any required consents of
any  creditors,  lessors,  suppliers and  Governmental  Authorities,  including,
without  limitation,  those set forth in SCHEDULES 5.9(a) and 5.9(b),  copies of
which shall have been delivered to Buyer;

     9.3. NO LITIGATION.  No restraining  order or injunction  shall prevent the
transactions  contemplated  by this Agreement and no action,  suit or proceeding
shall be pending or threatened before any court or  administrative  body: (a) in
which it will be or is sought to restrain or prohibit or obtain damages or other
relief in connection with this Agreement or the consummation of the transactions
contemplated hereby or (b) in connection with any claim for damages in excess of
$5,000 against the Seller.

                                       33

     9.4.  RELEASE OF  ENCUMBRANCES.  All  Encumbrances  (other  than  Permitted
Encumbrances) shall have been released on or prior to Closing.

     9.5.  GOVERNMENTAL  PERMITS AND APPROVALS.  The parties shall have received
all necessary Permits and approvals from any Governmental Authority.

     9.6.  OPINION OF  COUNSEL.  Proskauer  Rose LLP,  counsel  to  Seller,  and
Delaware counsel to Seller, shall have delivered to the Buyer a written opinion,
addressed to the Buyer and dated the Closing Date,  substantially in the form of
EXHIBIT C hereto (the "SELLER'S OPINIONS").

     9.7.  DOCUMENTS OF TRANSFER.  The Seller shall have  delivered to Buyer all
documents of transfer  representing all of the Acquired Assets, duly endorsed in
blank or with duly  executed  powers  attached,  in proper form for transfer and
with required transfer stamps, if any, affixed.

     9.8. RECORDS. Seller shall have delivered to Buyer all of the minute books,
stock ledgers and similar records of Seller.

     9.9.  HOLDBACK  ESCROW  AGREEMENT.  Seller  and  Escrow  Agent  shall  have
delivered a duly executed copy of the Holdback Escrow Agreement to Buyer.

     9.10.  MANAGEMENT  AGREEMENTS.  Each of the individuals  listed on SCHEDULE
9.11 hereto shall have  delivered to Buyer a duly executed copy of that certain:
(a)  Representation  Certification  substantially  in the form annexed hereto as
EXHIBIT D hereto;  (b) Employment  Agreement,  substantially in the form annexed
hereto as EXHIBIT E hereto;  and (c) Stock Agreement,  substantially in the form
annexed hereto as EXHIBIT F hereto;  and (d) Escrow Agreement,  substantially in
the form of EXHIBIT G hereto, between each of the individuals listed on SCHEDULE
9.11, and Buyer, dated as of the date hereof, (the "MANAGEMENT AGREEMENTS").

     9.11. SELLER  MANAGEMENT.  Paul Soltoff,  Eric Obeck,  Donald Gould,  Harry
Greene, Irvine Brechner, Nadine Brechner, and Allen Vance (collectively, "Seller
Management") shall have executed and delivered to Globe a Securities  Redemption
Agreement providing for, among other things, the repurchase of certain shares of
the common stock of Globe held by Seller Management on terms acceptable to Globe
(the "Redemption Agreement").

     9.12.  TERMINATION  AGREEMENT.  Seller  Management  shall have executed and
delivered to Globe a Termination  Agreement  providing  for, among other things,
the  cancellation of certain  options and warrants on terms  acceptable to Globe
(the "Termination Agreement").

     9.13. NO MATERIAL ADVERSE CHANGE.  There shall not have occurred a Material
Adverse Effect since the date hereof.

     9.14. PROCEEDINGS AND DOCUMENTS SATISFACTORY. All proceedings in connection
with the  transactions  contemplated by this Agreement and all  certificates and
documents   delivered  to  the  Buyer  in  connection   with  the   transactions
contemplated by this Agreement shall be satisfactory in all reasonable  respects
to the Buyer and its counsel and the Buyer shall have  received the originals or
certified  or other  copies of all such  records and  documents as the Buyer may
reasonably request.

                                       34

     9.15.   OPERATIONAL   REPRESENTATIONS.   Globe  shall  have   received  the
Operational Representations from Seller Management (but shall not be required to
incur any separate  payment  therefore)  in form and substance  satisfactory  to
Globe on which  Buyer shall be able to rely for the purpose of any of the rights
of Buyer under any of the Management Agreements,  including, without limitation,
against any escrowed property provided by Seller Management. The foregoing shall
not require the Seller or Globe to procure the  agreement  of Seller  Management
that their Operational Representations may be relied upon by Buyer.

     9.16.  FAIRNESS  OPINION.  Globe shall have  received a favorable  fairness
opinion from Thomas Weisel Partners.

     ARTICLE 10.  CONDITIONS  PRECEDENT TO OBLIGATIONS OF GLOBE AND SELLER.  The
obligation of Globe and Seller to consummate the Closing shall be subject to the
satisfaction,  at or prior to the Closing,  of each of the following  conditions
(to the extent noncompliance is not waived in writing by Globe and Seller):

     10.1.  REPRESENTATIONS  AND  WARRANTIES  TRUE AT CLOSING;  COMPLIANCE  WITH
COVENANTS;  CORPORATE APPROVALS.  (a) The representations and warranties made by
Buyer in this Agreement shall be true and correct in all material respects as of
the date hereof and as of the  Closing  Date with the same effect as though such
representations  and  warranties had been made or given at and as of the Closing
Date  (except for  representations  and  warranties  that speak as of a specific
date, which shall be true and correct as of such specific date);

          (b) Buyer shall have performed and complied with all of its covenants,
obligations  and  conditions  under this  Agreement  that are to be performed or
complied with by it at or prior to the Closing;

          (c) all corporate  approvals  necessary to authorize the  Contemplated
Transactions shall have been obtained by Buyer; and

          (d) Buyer  shall have  delivered  a  certificate  of good  standing of
Buyer,  as of the most recent  practicable  date, from the Secretary of State of
the state of incorporation of Buyer.

Seller shall have received a  certificate,  executed by an executive  officer of
Buyer and dated as of the Closing Date, to the foregoing  effect and  certifying
to: (a) the  adoption  and copies of  resolutions  of the Board of  Directors of
Buyer approving the Contemplated Transactions; (y) the incumbency of officers of
Buyer who are executing this Agreement or any of the Buyer Transaction Documents
or certificates  contemplated hereunder;  and (z) attached copies of the Buyer's
charter and bylaws.

     10.2.  CONSENTS.  Globe, Seller and Buyer shall have obtained any necessary
consents of third parties to the Contemplated  Transactions  including,  without
limitation,  any consents required by the Contracts and any required consents of
any  creditors,  suppliers  and  Governmental  Authorities,  including,  without
limitation, those set forth in SCHEDULES 5.9(a) and 5.9(b).

                                       35

     10.3. NO LITIGATION.  No restraining  order or injunction shall prevent the
transactions  contemplated  by this Agreement and no action,  suit or proceeding
shall be pending or threatened before any court or administrative  body in which
it will be or is sought to  restrain  or  prohibit  or obtain  damages  or other
relief in connection with this Agreement or the consummation of the transactions
contemplated hereby.

     10.4.  GOVERNMENTAL PERMITS AND APPROVALS.  The parties shall have received
all necessary approvals from any Governmental Authority.

     10.5.  PURCHASE  PRICE.  Buyer shall have  delivered  to Seller the Closing
Amount to Seller and delivered to the Escrow Agent the Holdback Amount.

     10.6. ESCROW AGREEMENT.  Buyer and Escrow Agent shall have delivered a duly
executed  copy of the  Holdback  Escrow  Agreement  to Buyer and  deposited  the
Holdback Amount with the escrow agent therefore.

     10.7.  SELLER  MANAGEMENT.   Seller  Management  shall  have  executed  and
delivered to Globe the Redemption Agreement and the Termination Agreement,  each
on terms acceptable to Globe.

     10.8. OPTIONS AND WARRANTS.  Certain Persons (as designated by Globe) whose
options and/or  warrants to purchase Globe common stock shall have agreed to the
termination of such options and/or warrants on terms reasonably  satisfactory to
Globe

     10.9. OPINION OF COUNSEL.  Olshan Grundman Frome Rosenzweig & Wolosky, LLP,
counsel  to  Buyer,  shall  have  delivered  to the  Seller  and Globe a written
opinion,  addressed  to the  Seller  and  Globe,  and  dated the  Closing  Date,
substantially in the form of EXHIBIT H hereto (the "BUYER'S OPINION").

     10.10.   PROCEEDINGS  AND  DOCUMENTS   SATISFACTORY.   All  proceedings  in
connection  with  the  transactions  contemplated  by  this  Agreement  and  all
certificates   and  documents   delivered  to  Seller  in  connection  with  the
transactions  contemplated  by  this  Agreement  (including  expiration  of  the
applicable  waiting period after  distribution of the  Information  Statement to
Globe's stockholders) shall be satisfactory in all reasonable respects to Seller
and their counsel,  and Seller shall have received the originals or certified or
other  copies of all such  records and  documents  as the Seller may  reasonably
request.

     10.11.   OPERATIONAL   REPRESENTATIONS.   Globe  shall  have  received  the
Operational  Representations  from  Seller  Management  in  form  and  substance
satisfactory to Globe.

     10.12.  FAIRNESS  OPINION.  Globe shall have received a favorable  fairness
opinion from Thomas Weisel Partners.

                                       36

     ARTICLE 11. INDEMNIFICATION.

     11.1. SURVIVAL OF REPRESENTATIONS  AND WARRANTIES.  The representations and
warranties of the parties hereto  contained in this  Agreement,  the Transaction
Documents  or  otherwise  made in writing in  connection  with the  Contemplated
Transactions (in each case except as affected by the  transactions  contemplated
by this Agreement) shall be deemed material and, notwithstanding any pre-Closing
investigations,  examinations,  or prior knowledge of Buyer or any due diligence
conducted  by Buyer,  shall be  deemed  to have been  relied on by the Buyer and
shall survive the consummation of the transactions  contemplated  hereby and the
payment of the  Purchase  Price until 5:00 p.m. EST on the date that is one year
and   forty-five   days   following   the  Closing   Date  (such   period,   the
"INDEMNIFICATION  PERIOD"),  and thereafter until resolved if a claim in respect
thereof has been made prior to such date), except that (i) any representation of
Globe or Seller with respect to Tax matters,  environmental matters and employee
benefit  matters shall survive  until  expiration of the statute of  limitations
applicable to claims with respect to such matters,  and (ii) any  representation
of Globe or Seller with respect to title  matters  shall survive for five years.
Each  representation  and warranty  made by Globe or Seller or the Buyer in this
Agreement  shall expire on the last day, if any, that Claims (as defined herein)
for breaches of such  representation  or warranty  may be made  pursuant to this
Article 11, except that any such  representation  or warranty that has been made
the subject of a Claim prior to such  expiration date shall survive with respect
to such Claim until the final  resolution of such Claim pursuant to this Article
11.

     11.2.  INDEMNITY  BY  GLOBE  AND  SELLER.  Regardless  of  any  pre-Closing
investigations,  examinations  or  prior  knowledge  of the  Buyer  or  any  due
diligence  conducted  by Buyer,  each of Globe  and  Seller,  severally  and not
jointly,  agrees  to  indemnify  and hold  Buyer  and its  Affiliates  and their
respective officers, directors, stockholder, employees and agents (collectively,
the "Buyer  Indemnified  Group")  harmless  from and with respect to any and all
losses,  assessments,  liabilities,  claims,  damages,  deficiencies,  costs and
expenses, including, without limitation,  reasonable attorneys' and accountants'
fees and disbursements  ("LOSSES") related to, or arising directly or indirectly
out of:

          (a) any failure to perform or breach by either  Globe or Seller of any
representation or warranty (other than an Operational  Representation,  which is
addressed in clause (d) below),  covenant,  obligation  or  undertaking  made by
either Globe or Seller in any Transaction  Document (including the Schedules and
Exhibits  hereto or thereto),  or in any other  statement,  certificate or other
instrument  delivered  pursuant  hereto  or  thereto,  or any  misrepresentation
contained therein;

          (b) the  ownership or  operation of the Business  prior to the Closing
Date other than Assumed Liabilities;

          (c)  the  Excluded  Assets  and all  liabilities  other  than  Assumed
Liabilities; and

          (d) any  breach  of an  Operational  Representation  made by  Globe or
Seller, but only to the extent that such breach of an Operational Representation
is not also a breach of the  corresponding  Operational  Representation  made by
Seller Management in the Redemption  Agreement (or other agreement that contains
Operational Representations by Seller Management).

                                       37

     11.3. INDEMNITY BY THE BUYER. The Buyer agrees to indemnify and hold Seller
harmless  from and with  respect  to any and all Losses  related  to, or arising
directly or indirectly  out of, any failure to perform or breach by the Buyer of
any representation or warranty, covenant,  obligation or undertaking made by the
Buyer in any Transaction  Document  (including the Schedules and Exhibits hereto
and  thereto),  or in any  other  statement,  certificate  or  other  instrument
delivered  pursuant hereto and as a result of Buyer's ownership and operation of
the Business following Closing.

     11.4. CLAIMS.

          (a)  NOTICE.   Any  party  seeking   indemnification   hereunder  (the
"INDEMNIFIED   PARTY")  shall  promptly  notify  the  other  party  hereto  (the
"INDEMNIFYING   PARTY")  of  any  action,  suit,   proceeding,   claim,  demand,
assessment,  judgment, cost, expense or breach (a "CLAIM") with respect to which
the Indemnified Party claims indemnification  hereunder, by delivering a written
notice thereof  together with a statement  setting forth such  information  with
respect  to  such  Claim  as  the   Indemnified   Party   shall  then  have  (an
"INDEMNIFICATION NOTICE") provided that failure of the Indemnified Party to give
an  Indemnification  Notice  shall not  relieve  the  Indemnifying  Party of its
obligations  under this Section 11.4 except to the extent,  if at all, that such
Indemnifying  Party shall have been prejudiced  thereby in its ability to defend
the  suit,   action,   claim,   proceeding  or  investigation   for  which  such
indemnification is sought by reason of such failure.

          (b)  THIRD-PARTY  CLAIMS.  If such Claim relates to any action,  suit,
proceeding or demand  instituted  against the Indemnified Party by a third party
(a "THIRD-PARTY CLAIM"), the Indemnifying Party shall be entitled to participate
in the defense of such  Third-Party  Claim after receipt of the  Indemnification
Notice from the Indemnified  Party, as follows.  Within 30 days after receipt of
the  Indemnification  Notice of a particular matter from the Indemnified  Party,
the  Indemnifying  Party may assume the defense of such  Third-Party  Claim,  in
which  case the  Indemnifying  Party  shall  have the  authority  to  negotiate,
compromise  and settle  such  Third-Party  Claim,  if and only if the  following
conditions are satisfied:

               (i) the  Indemnifying  Party shall have confirmed in writing that
it is obligated  hereunder to indemnify  the  Indemnified  Party with respect to
such Third-Party Claim;

               (ii) the Indemnifying Party retains counsel that is acceptable to
the Indemnified  Party,  which acceptance shall not be unreasonably  withheld or
delayed; and

               (iii) the Indemnified  Party is kept reasonably  informed of such
action,  suit  or  proceeding  at  all  stages  thereof  whether  or  not  it is
represented by separate counsel.

     However,  notwithstanding the preceding  sentence,  if (a) the Indemnifying
Party  fails or refuses to defend  the Claim then  Indemnified  Party may defend
and/or  settle such Claim,  after giving  notice of proposed  settlement  to the
Indemnifying  Party, on such terms as the Indemnified  Party may reasonably deem
appropriate  and no such action taken by the  Indemnified  Party in defending or
settling  such Claim  will  release  the  Indemnifying  Party of any  obligation
hereunder.  Except under the circumstances  described in the preceding sentence,
the Indemnified  Party will not enter into any settlement  agreement without the
consent  of the  Indemnifying  Party  which  consent  shall not be  unreasonably

                                       38

withheld or delayed.  The Indemnifying Party will not, without the prior written
consent of the  Indemnified  Party  (which will not be  unreasonably  withheld),
enter into any  settlement  of a Claim,  if  pursuant  to or as a result of such
settlement,  injunctive or other  equitable  relief will be imposed  against the
Indemnified  Party  or if such  settlement  does not  expressly  unconditionally
release the Indemnified  Party from all liabilities or obligations  with respect
to such Claim, with prejudice.  The Indemnified Party and the Indemnifying Party
will cooperate  with the each other in the defense,  compromise or settlement of
any Claim for which indemnification is sought.

          (c)  LIMITATION ON INDEMNITY.  Other than any amounts that are payable
pursuant to Section 3.3 or Section 3.4 hereof which  amounts shall be payable in
full, an  Indemnifying  Party shall be liable under Section  11.4(a)  hereof for
Claims  only if the  aggregate  amount of all Claims  against  Globe and Seller,
collectively,  on the one hand,  or against  Buyer,  on the other  hand,  exceed
$175,000, and in such case, such the Indemnifying Party shall be liable only for
Indemnification  of an amount  that is in excess of $75,000  (for the absence of
doubt, and by way of example,  a $200,000 Claim shall be entitled to $125,000 in
indemnification payments).

     11.5. COOPERATION.  If requested by the Indemnifying Party, the Indemnified
Party  shall  cooperate  to the extend  reasonably  requested  in the defense or
prosecution of any suit, action, demand, assessment, judgment, claim, proceeding
or  investigation  for which such  Indemnifying  Party is being  called  upon to
indemnify the Indemnified Party pursuant to this Article 11, and the Indemnified
Party shall furnish such records,  information and testimony and attend all such
conferences,  discovery  proceedings,  hearing,  trials  and  appeals  as may be
reasonably   requested  in  connection   therewith  and,  if  appropriate,   the
Indemnified  Party shall make any counterclaim  against the party asserting such
suit, action, demand,  assessment,  judgment, claim, proceeding or investigation
or any  cross-complaint  against  any  person in  connection  therewith  and the
Indemnified Party further agrees to take such other actions as reasonably may be
requested by an Indemnifying Party to reduce or eliminate any Loss for which the
Indemnifying  Party would have  responsibility,  but the Indemnifying Party will
reimburse the  Indemnified  Party for any fees or expenses  incurred by it in so
cooperating or acting at the request of the Indemnifying Party.

     11.6.  BUYER'S  RIGHT  OF  OFFSET;  SOLE  RECOURSE  AGAINST   SELLER/GLOBE.
Notwithstanding  anything to the  contrary  contained  in this  Agreement or the
other  Transaction  Documents,   Buyer  and  each  other  member  of  the  Buyer
Indemnified  Group shall have, as their sole and  exclusive  recourse for Losses
against  Seller and Globe,  the right to (i) offset Losses  against the Holdback
Cash and the Escrowed Shares pursuant to the Holdback Escrow Agreement;  (ii) to
require  payment of the Share Value Deficit as provided in Section  3.2(d);  and
(iii) to require payment arising in connection with any adjustment under Section
3.3 or Section 3.4 hereof. The foregoing shall not constitute a limitation on or
prevent Buyer from exercising any rights as against any Seller Management or for
intentional fraud.

     11.7. REMEDIES EXCLUSIVE. The remedies provided in this Article 11 shall be
the sole and exclusive remedies,  and shall preclude assertion by an Indemnified
Person of any and all other remedies against an Indemnified Party.

                                       39

     11.8.  INSURANCE.  The amount of any indemnification  under this Article 11
shall be  reduced  by any  amount  recovered  by the  Indemnified  Party (net of
reasonable  expenses  incurred in obtaining such  recovery)  under any insurance
policy or from any Third Party (which recovery the  Indemnified  Party shall use
it  reasonably  commercial  efforts to  pursue,  but shall not be  obligated  to
commence  litigation)  and by the amount of any direct and immediate  income tax
benefit,  related to the indemnified Loss obtained by the Indemnified Party. If,
after an  indemnification  payment  has been made with  respect  to a Loss,  the
Indemnified  Party has any  recovery,  or obtains any income Tax  benefit,  with
respect  to  that  Loss,  the  Indemnified  Party  shall  promptly  pay  to  the
Indemnifying  Party the amount of that  recovery or income Tax  benefit,  net of
reasonably expenses incurred in obtaining recovery.

     11.9. ADJUSTMENT.  Any payment of indemnification amount under this Article
11 shall be accounted for as an adjustment to the Purchase Price.

     ARTICLE 12. TERMINATION

     12.1.  TERMINATION.  (a) Anything contained in the Transaction Documents to
the contrary notwithstanding, this Agreement may be terminated at any time prior
to the Closing Date:

               (i) by the mutual consent of Buyer, Globe and Seller; or

               (ii) by Buyer or Seller (the "TERMINATING  PARTY") if the Closing
shall not have  occurred  on or before  11:59 p.m.  on October 31, 2005 (or such
later date as may be mutually agreed to by Buyer and the Seller);  provided that
if the  Closing  shall  not have  occurred  as a result  of the  willful  act or
omission of one of the parties,  then such  Terminating  Party may not terminate
this Agreement pursuant to this Section 12.1(a).

          (b) Globe and Seller may, on or prior to the Closing  Date,  terminate
this Agreement without liability if:

               (i)   there   shall   have   been  a   material   breach  of  any
representations  or warranties  set forth in this Agreement on the part of Buyer
or if any  representations  or  warranties  of Buyer shall have  become  untrue,
provided  that neither  Globe nor Seller have  materially  breached any of their
obligations hereunder;

               (ii) there  shall have been a material  breach by Buyer of any of
its  covenants of  agreements  hereunder  and such breach would  materially  and
adversely  affect the ability  Buyer or Seller to  consummate  the  transactions
contemplated  by this  Agreement,  and Buyer has not cured such breach within 10
Business Days after notice by Seller thereof setting forth in reasonable  detail
the nature of such breach; provided that neither Globe nor Seller has materially
breached any of their obligations hereunder; or

               (iii) any  condition to Closing set forth in Article 10 shall not
have been fulfilled by Buyer or waived by Seller by the Closing Date.

                                       40

          (c)  Buyer  may,  on or  prior to the  Closing  Date,  terminate  this
Agreement without liability if:

(i) there shall have been a material breach of any representations or warranties
set  forth in this  Agreement  on the part of  either  Globe or Seller or if any
representations or warranties of either Globe or Seller shall have become untrue
to the extent it would have a Material  Adverse  Effect  provided that Buyer has
not materially breached any of its obligations hereunder;

               (ii) there  shall have been a material  breach by Seller or Globe
of one or more of their  respective  covenants or agreements  hereunder having a
Material  Adverse  Effect on  Seller or the  Business  or  materially  adversely
affecting (or materially delaying) the ability of Seller and Buyer to consummate
transactions  contemplated by this  Agreement,  and neither Globe nor Seller has
cured such breach within 10 Business Days after notice by Buyer thereof  setting
forth in  reasonable  detail the nature of such breach,  provided that Buyer has
not materially breached any of its obligations hereunder;

               (iii) any  condition  to Closing set forth in Article 9 shall not
have been fulfilled or waived by Buyer by the Closing Date.

     12.2. CERTAIN TERMINATION RIGHTS.

          (a) Notwithstanding  anything to the contrary contained herein, in the
event that: (A) none of the events in  12.1(c)(i)-(iii)  has occurred and Seller
terminates this Agreement pursuant to Section 12.1(b);  or (B) in the event that
Seller  terminates  this  Agreement   pursuant  to  Section  7.14,  Buyer  shall
immediately pay to Seller the Escrow Amount (the "TERMINATION  FEE") which Buyer
and Globe  acknowledge  is reasonable  under the  circumstances  and designed to
compensate  Seller  and  Globe  for  the  lost  opportunity  to  consummate  the
Contemplated  Transactions.  The  termination  Fee will  serve as the  exclusive
remedy to Globe, Seller and any Affiliates hereunder in the event of a breach by
Buyer,  including,  but not  limited  to,  damages  relative  to their  efforts,
expenses and costs incurred in evaluating the Contemplated Transactions.

          (b) This  Agreement may be  terminated by Globe or Seller  pursuant to
Section 7.5 and as provided therein.

     12.3. NOTICE OF TERMINATION. Any party desiring to terminate this Agreement
pursuant to Section  12.(a)(ii),  12.1(b) or 12.2 shall give  written  notice of
such termination to the other party to this Agreement  specifying the reason for
such termination.

     12.4.  EFFECT OF  TERMINATION.  In the event that this  Agreement  shall be
terminated  pursuant to Section 12.1, each party shall pay all expenses incurred
by it in  connection  with this  Agreement,  and no party shall have any further
obligations  or liability for any damages or expenses under this  Agreement.  In
the event of any termination,  all further obligations of the parties under this
Agreement  (other than those set forth in  Sections  7.10,  7.11 and  provisions
which by their terms are  intended to survive  termination,  including,  without
limitation,  this Article 12) shall be terminated  without further  liability of
any party to the other;  PROVIDED,  HOWEVER, that nothing contained herein shall
be construed to prevent any parties hereto from pursuing any remedy available at
law or in  equity  for any  breach,  violation,  default  or  other  failure  of
performance of any other party hereto prior to Closing.

                                       41

     ARTICLE 13. GENERAL.

     13.1.  NOTICES.  All notices,  demands and other  communications  hereunder
shall be in writing or by written telecommunication, and shall be deemed to have
been duly given if delivered  personally or if mailed by certified mail,  return
receipt requested,  postage prepaid, or if sent by overnight courier, or sent by
written telecommunication, as follows:

If to the Seller:

theglobe.com, inc.
110 East Broward Boulevard
Suite 1400
Ft. Lauderdale, FL 33301

with copies to:

Proskauer Rose LLP
2255 Glades Road
Suite 340W
Boca Raton, FL 33434
Attn:  Donald E. "Rocky" Thompson II, Esq.
Fax:  561-241-7145

If to the Buyer, to:

RelationServe Media, Inc.
6700 North Andrews Avenue
Ft. Lauderdale, FL 33309
Attn:  Mandee Heller Adler
Fax:  954-202-6160

with copies to:

Olshan Grundman Frome Rosenzweig & Wolosky LLP
Park Avenue Tower
65 East 55th Street
New York, NY 10022
Attn:  Harvey J. Kesner, Esq.
Fax:  212-451-2222

     Any such  notice  shall be  effective  (a) if  delivered  personally,  when
received,  (b) if sent by overnight courier,  when receipted for, (c) if mailed,
five (5) days after being mailed as described  above, and (d) if sent by written
telecommunication,  when dispatched; provided that notice is sent simultaneously
via another permitted method.

                                       42

     13.2. ENTIRE AGREEMENT. This Agreement contains the entire understanding of
the parties,  supersedes all prior agreements and understandings relating to the
subject  matter hereof and shall not be amended  except by a written  instrument
hereafter signed by all of the parties hereto.

     13.3. EXPENSES,  TAXES. Except as otherwise  specifically set forth herein,
each party shall pay its own fees and expenses  incident to the  preparation and
carrying out of this Agreement, whether or not the Contemplated Transactions are
consummated  (other than any excise,  sales,  use or transfer Taxes or any other
such Taxes which are payable or arise as a result of execution of this Agreement
or the transfer of the Acquired  Assets to the Buyer pursuant to this Agreement,
which shall be paid by Seller).

     13.4. PARTIAL INVALIDITY. If any term or provision of this Agreement or the
application hereof to any person, property or circumstance shall, to any extent,
be invalid or unenforceable,  the remainder of this Agreement or the application
of such term or provision to persons, property or circumstances other than those
as to which it is invalid or unenforceable  shall not be affected  thereby,  and
each term and  provision  of this  Agreement  shall be valid and enforced to the
fullest extent permitted by law.

     13.5.  AMENDMENT,  MODIFICATION  AND WAIVER.  This  Agreement  shall not be
altered or otherwise  amended except pursuant to an instrument in writing signed
by each of the parties hereto. The waiver by one party of the performance of any
covenant, condition or promise shall not invalidate this Agreement, nor shall it
be  considered  a waiver  by such  party of any  other  covenant,  condition  or
promise.  The delay in pursuing any remedy or in insisting upon full performance
for any breach or  failure  of any  covenant,  condition  or  promise  shall not
prevent  a party  from  later  pursuing  any  remedies  or  insisting  upon full
performance for the same or any similar breach or failure.

     13.6. HEADINGS. The various section headings in this Agreement are inserted
for  convenience  of  reference  only  and  shall  not  affect  the  meaning  or
interpretation of this Agreement or any provisions hereof.

     13.7. CONSTRUCTION. This Agreement shall be construed according to its fair
meaning and neither for nor against any party hereto irrespective of which party
caused the same to be drafted. Each of the parties acknowledges that it has been
represented by an attorney in connection  with the  preparation and execution of
this Agreement.

     13.8.  GOVERNING LAW. The validity and construction of this Agreement shall
be governed by the internal laws of the State of Delaware, without giving effect
to the principles of conflicts of laws thereof.

     13.9. ARBITRATION OF DISPUTES.

          (a) Any  controversy  or claim  arising  out of,  relating  to,  or in
connection  with,  this Agreement or the Seller  Transaction  Documents,  or the
breach,  termination  or validity  thereof,  shall be settled by  arbitration in
accordance with the Center for Public Resources for Non-Administered Arbitration
by a sole  arbitrator.  The  Parties  expressly  waive  any  right to  punitive,

                                       43

exemplary or similar  damages and the  arbitrator is expressly  prohibited  from
awarding any such damages.  Judgment upon the award  rendered by the  Arbitrator
shall  be  entered  by an court  having  jurisdiction  thereof.  The seat of the
arbitration shall be Broward County, Florida.

          (b) In order to  facilitate  the  comprehensive  resolution of related
disputes,  and upon  request  of any party to the  arbitration  proceeding,  the
arbitrator  may,  within  90 days  of his or her  appointment,  consolidate  the
arbitration  proceeding  involving any of the parties relating to this Agreement
or any Seller Transaction Documents.  The arbitration shall not consolidate such
arbitrations  unless he or she  determines  that (i) there are issues of fact or
law common to the two  proceedings  so that a consolidated  proceeding  would be
more efficient than separate proceedings,  and (ii) on party would be prejudiced
as a result of such consolidation through undue delay or otherwise.  In the case
of a consolidated  proceeding,  the arbitration shall be conducted in the manner
provided in subparagraph (a) of this paragraph.

     13.10.  SECTIONS  AND  SECTION  HEADINGS.  The  headings  of  sections  and
subsections  are for  reference  only and shall not limit or control the meaning
thereof.

     13.11.  ASSIGNS.  This  Agreement  shall be  binding  upon and inure to the
benefit  of the  parties  hereto  and their  respective  heirs,  successors  and
permitted  assigns.  This  agreement  shall be fully  assignable by Buyer to any
majority-owned  subsidiary  of Buyer  formed for the  purpose of  acquiring  the
Business and the Acquired Assets from Seller. Except as provided herein, neither
this Agreement nor the obligations of any party hereunder shall be assignable or
transferable  by such party without the prior written consent of the other party
hereto.

     13.12.  SEVERABILITY.  In the event that any covenant,  condition, or other
provision herein contained is held to be invalid,  void, or illegal by any court
of competent  jurisdiction,  the same shall be deemed to be  severable  from the
remainder of this  Agreement and shall in no way affect,  impair,  or invalidate
any other covenant, condition, or other provision contained herein.

     13.13.  NO  IMPLIED  RIGHTS  OR  REMEDIES.  Except as  otherwise  expressly
provided  herein,  nothing  herein  expressed or implied is intended or shall be
construed to confer upon or to give any person, firm or corporation,  other than
the  Seller  and the Buyer  and their  respective  shareholders,  any  rights or
remedies under or by reason of this Agreement.

     13.14.   COUNTERPARTS.   This   Agreement   may  be  executed  in  multiple
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.

     ARTICLE 14.  CERTAIN  DEFINITIONS.  As used herein the following  terms not
otherwise defined have the following respective meanings:

     "AFFILIATE"  shall  mean any Person  directly  or  indirectly  controlling,
controlled  by or under direct or indirect  common  control  with the  specified
Person and shall include (a) any Person who is a director or  beneficial  holder
of at least 10% of any  class of the  then-outstanding  capital  stock (or other
shares of  beneficial  interest)  of such Person and family  members of any such
Person, (b) any Person of which such Person or an Affiliate of such Person under
clause (a) hereof shall,  directly or  indirectly,  either  beneficially  own at
least 10% of any class of the then outstanding capital stock (or other shares of
beneficial interest) or constitute at least a 10% equity participant, and (c) in
the case of a  specified  Person who is an  individual,  family  members of such
Person.

                                       44

     "BUSINESS DAY" shall mean any day excluding Saturday, Sunday and any day on
which banks in New York City are authorized by law or other governmental  action
to close.

     "ENVIRONMENTAL CLAIM" shall mean any written claim, action,  demand, order,
or notice by or on behalf  of, any  Governmental  Authority  or person  alleging
potential  liability arising out of, based on or resulting from the violation of
any  applicable  Environmental  Law or  Environmental  Permit or relating to any
Hazardous Materials.

     "ENVIRONMENTAL  LAWS"  shall  mean all Laws that are  applicable  to Seller
relating to Releases or threatened  Releases of Hazardous Materials or otherwise
relating to  pollution  or  protection  of the  environment,  health,  safety or
natural  resources,  including,  without  limitation,  those relating to (A) the
Releases or threatened releases of Hazardous  Materials or materials  containing
Hazardous  Materials or (B) the manufacture,  generation,  handling,  treatment,
storage,  transport,  disposal or handling of  Hazardous  Materials or materials
containing Hazardous Materials.

     "FAIR  MARKET  VALUE"  shall mean the average for the ten (10) trading days
immediately preceding the date of determination of the daily high and low prices
of publicly traded shares of Globe common stock, rounded to the nearest cent, on
the principal national securities exchange on which shares of Globe common stock
are listed (if the shares of Globe common stock are so listed), or on the Nasdaq
Stock Market (if the shares of Globe common  stock are  regularly  quoted on the
Nasdaq Stock Market), or, if not so listed or regularly quoted, the mean between
the closing bid and asked prices of publicly traded shares of Globe common stock
in the  over-the-counter  market,  or, if such bid and asked prices shall not be
available,  as reported by any nationally  recognized quotation service selected
by Buyer. If none of the foregoing is applicable, then "Fair Market Value" shall
be determined by an independent  appraiser  selected by mutual  agreement of the
Buyer and Globe.

     "GOVERNMENTAL  AUTHORITY" shall mean any domestic or foreign federal, state
or local agency,  authority,  board,  bureau,  court,  instrumentality  or other
entity  exercising  executive,  legislative,  judicial,  taxing,  regulatory  or
administrative  powers, in each case, to the extent having jurisdiction over the
Seller or Globe, as applicable

     "HAZARDOUS  MATERIALS"  shall  mean  all  substances,   matters  and  other
particles defined or listed as "hazardous" or "toxic" under  Environmental  Laws
or that are otherwise regulated by Environmental Laws.

     "INDEBTEDNESS" shall mean as applied to any Person, (a) all indebtedness of
such  Person for  borrowed  money,  whether  current  or  funded,  or secured or
unsecured,  (b) all indebtedness of such Person for the deferred  purchase price
of property or services  represented  by a note,  (c) all  indebtedness  of such
Person created or arising under any  conditional  sale or other title  retention
agreement  with  respect to property  acquired by such Person  (even  though the
rights and remedies of the sellers or lender  under such  agreement in the event
of  default  are  limited to  repossession  or sale of such  property),  (d) all

                                       45

indebtedness  of such Person  secured by a purchase money mortgage or other lien
to secure all or part of the purchase price of property subject to such mortgage
or lien, (e) all  obligations  under leases which shall have been or must be, in
accordance with generally accepted  accounting  principles,  recorded as capital
leases in respect of which such Person is liable as lessee, (f) any liability of
such Person in respect of  banker's  acceptances  or letters of credit,  (g) all
interest, fees and other expenses owed with respect to indebtedness described in
the  foregoing  clause  (a),  (b),  (c),  (d),  (e) or (f)  above,  and  (h) all
indebtedness  referred to in clause (a),  (b),  (c),  (d), (e), (f) or (g) above
which is directly or  indirectly  guaranteed by such Person or which such Person
has agreed  (contingently  or otherwise) to purchase or otherwise  acquire or in
respect of which it has otherwise assured a creditor against loss.

     "INTELLECTUAL  PROPERTY"  shall  mean  all  intangible  assets  used  in or
necessary  to  the  conduct  of  the  business  of  Seller,  including,  without
limitation:  the name  "Seller" and all  derivations  thereof,  all trade names,
domain names, websites,  service marks names, trade dress, logos, trade secrets,
copyrights and  registrations  and applications  therefore,  designs,  technical
information,  know-how,  processes  and  techniques,  research  and  development
information, and supplies, plans, proposals,  technical data, computer software,
financial,  marketing  and  business  data,  pricing and cost  information,  and
business and marketing  plans,  formulas,  devices,  software or compilations of
information;  patents,  license rights and sublicense  rights to all patents and
trademarks,  and other intangible assets registered in the name of Seller or any
of its Affiliates and currently used by Seller in connection  with, or necessary
for the conduct of the business of Seller,  all  applications  therefore and all
licenses (as  licensee or  licensor)  and other  agreements  related  thereto as
described on SCHEDULE 5.12(a) hereto, and all of Seller's rights to use or allow
others to use such names,  all  registrations  and applications for registration
and all claims for  infringement  of any  intellectual  property and  intangible
rights relating thereto.

     "IRS" shall man the United States Internal Revenue Service.

     "LAWS"  shall  mean  any  federal,   state,  local,   municipal,   foreign,
international,  multinational or other administrative order, constitution,  law,
ordinance,  principle of common law, rule, regulation,  statute or treaty or any
order  of any  Governmental  Authority,  or  any  license,  franchise,  consent,
approval,  permit or similar right granted under any of the foregoing including,
without  limitation,  all  federal,  state and  local  privacy  laws,  rules and
regulations, and all other applicable laws of similar tenor and effect, all laws
relating to occupational health and safety, equal employment opportunities, fair
employment  practices  and  discrimination,  privacy,  security  and exchange of
information,  the Sarbanes Oxley Act of 2002, the Digital  Millennium  Copyright
Act,  the  CAN-SPAM  Act of 2003,  the  Children's  Online  Protection  Act, the
Children's Online Privacy Protection Act, the Protection of Children from Sexual
Predators Act, rules and regulations promulgated by the Federal Trade Commission
and  the  Federal  Communications   Commission,   and  other  laws,  rules,  and
regulations, applicable to the Business or any of its properties or assets.

     "MATERIAL ADVERSE EFFECT" shall mean circumstance,  change in, or effect on
the Business, or the Seller that,  individually or in the aggregate:  (a) is, or
would  reasonably  be  expected  to be,  materially  adverse  to  the  business,
operations, assets or liabilities, employee relationships,  customer or supplier
relationships,  results of operations or the financial condition or prospects of
the Business or (b) would materially and adversely affect the ability to operate
or conduct the Business in the Ordinary Course.

                                       46

     "NET  WORKING  CAPITAL"  shall mean the  current  assets  minus the current
liabilities, in each case acquired by the Buyer, less intercompany transactions.

     "PERMITS"  shall  mean  all  franchises,   licenses,   permits,   consents,
authorizations,  approvals  and  certificates,  or any waiver of the  foregoing,
required by any person or organization  including any Governmental Authority (as
defined herein),  and held, used or otherwise  possessed by Seller in connection
with and/or necessary to the operation of the business of Seller,  to the extent
transferable to Buyer under applicable Laws as listed on SCHEDULE 4.13.

     "PERMITTED  ENCUMBRANCES" means (i) liens for Taxes not yet due and payable
or being contested in good faith by appropriate  proceedings and with respect to
which  adequate  reserves  have been  established;  (ii) rights  reserved to any
Governmental Authority to regulate the affected property;  (iii) statutory liens
of banks and  rights of  set-off;  (iv) as to leased  assets,  interests  of the
lessors and sublessors  thereof and liens affecting the interests of the lessors
and  sublessors  thereof;  (v) inchoate  materialmen's,  mechanics',  workmen's,
repairmen's  or other like  liens  arising in the  Ordinary  Course;  (vi) liens
incurred or deposits  made in the Ordinary  Course in  connection  with workers'
compensation and other types of social security; (vii) licenses of trademarks or
other intellectual  property rights granted by the Seller in the Ordinary Course
and not  interfering  in any material  respect  with the Ordinary  Course of the
Business of Seller;  and (viii) as to real property,  any  encumbrance,  adverse
interest, constructive or other trust, claim, attachment, exception to or defect
in  title  or  other  ownership  interest   (including,   but  not  limited  to,
reservations,  rights  of  entry,  rights  of first  refusal,  possibilities  of
reverter, encroachments, easement, rights of way, restrictive covenants, leases,
and licenses) of any kind,  which otherwise  constitutes an interest in or claim
against  property,  whether arising  pursuant to any Laws, under any contract or
otherwise,  that do  not,  individually  or in the  aggregate,  have a  Material
Adverse Effect on Seller's use thereof as currently used in the Ordinary Course.

     "PERSON"  shall mean a  corporation,  an  association,  a  partnership,  an
organization,  a  business,  an  individual,  a  limited  liability  company,  a
government or political  subdivision thereof or a governmental agency (including
without  limitation,  any  federal,  state,  local or  municipal  regulatory  or
administrative body).

     "PRE-CLOSING TAX PERIOD" shall mean all taxable periods ending on or before
the  Closing  Date and the  portion  ending on the  Closing  Date of any taxable
period that includes (but does not end on) the Closing Date.

     "RELEASE"  shall  mean any  release,  spill,  emission,  leaking,  pumping,
pouring, injection, escaping, deposit, disposal, discharge,  dispersal, dumping,
leaching  or  migration  of  Hazardous  Materials  into the  indoor  or  outdoor
environment,  including  the  movement of Hazardous  Materials  through the air,
soil, surface water or groundwater.

     "RELEVANT GROUP" shall mean any combined, consolidated, affiliated, unitary
or similar group of which either Seller is or was a member.

                                       47

     "TAX" shall mean any  federal,  state,  local,  foreign  and other  income,
profits,  franchise,  capital,   withholding,   unemployment  insurance,  social
security,  occupational,  production,  severance,  gross receipts,  value added,
sales, use, excise, real and personal property, ad valorem, occupancy, transfer,
employment,  disability,  workers'  compensation  or other  similar tax, duty or
other  governmental  charge  (including  all interest and penalties  thereon and
additions thereto).

     "TRANSACTION  DOCUMENTS"  shall mean this  Agreement,  the Bill of Sale and
other documents and agreements of even date herewith or delivered at Closing.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       48

     IN WITNESS WHEREOF,  and intending to be legally bound hereby,  the parties
hereto  have  caused  this Asset  Purchase  Agreement  to be duly  executed  and
delivered as a sealed instrument as of the 10th day of August, 2005.

                                        SELLERS:

                                        theglobe.com, inc.

                                        By: /s/ Edward A. Cespedes
                                            ------------------------------------
                                            Title:  President

                                        SENDTEC, INC.

                                        By: /s/ Edward A. Cespedes
                                            ------------------------------------
                                            Title: Secretary/Treasurer

                                        BUYER:

                                        RELATIONSERVE MEDIA, INC.

                                        By: /s/ Mandee Heller Adler
                                            ------------------------------------
                                            Title: Chief Executive Officer

                                       49sec document

                                                                    EXHIBIT 10.1

                            ASSET PURCHASE AGREEMENT

                                  BY AND AMONG

                               GLOBALOPTIONS, INC.

                                       AND

                     CONFIDENTIAL BUSINESS RESOURCES, INC.,

                               HALSEY R. FISCHER,

                           FISCHER & ASSOCIATES, INC.

                            DATED AS OF MAY 19, 2005

                                TABLE OF CONTENTS

ARTICLE 1. SALE AND TRANSFER OF ASSETS; CLOSING..................................2
 Section 1.1    Assets to Be Sold................................................2
 Section 1.2    Excluded Assets..................................................2
 Section 1.3    Purchase Price...................................................3
 Section 1.4    Liabilities......................................................4
 Section 1.5    Allocation.......................................................4
 Section 1.6    Closing..........................................................4
 Section 1.7    Closing Obligations..............................................4
 Section 1.8    Consents.........................................................6
ARTICLE 2. REPRESENTATIONS AND WARRANTIES OF
           SELLER AND SHAREHOLDERS...............................................7
 Section 2.1    Organization and Good Standing...................................7
 Section 2.2    Authority; No Conflict...........................................7
 Section 2.3    Capitalization...................................................8
 Section 2.4    Financial Statements.............................................8
 Section 2.5    Sufficiency of Assets............................................8
 Section 2.6    Real Property Leases.............................................8
 Section 2.7    Personal Property................................................8
 Section 2.8    Taxes............................................................9
 Section 2.9    Employees........................................................9
 Section 2.10   Employee Benefits................................................9
 Section 2.11   Compliance With Legal Requirements, Governmental Authorizations.10
 Section 2.12   Legal Proceedings, Orders.......................................10
 Section 2.13   Insurance.......................................................10
 Section 2.14   Contracts; No Defaults..........................................10
 Section 2.15   Intellectual Property...........................................11
 Section 2.16   Relationships with Related Persons..............................11
 Section 2.17   No Undisclosed Liabilities......................................11
 Section 2.18   No Material Adverse Change......................................12
 Section 2.19   Brokers or Finders..............................................12
 Section 2.20   Accounts Receivable.............................................12
 Section 2.21   Customers and Suppliers.........................................12
 Section 2.22   Books and Records...............................................12
 Section 2.23   Bank Accounts...................................................12
 Section 2.24   Prepayments and Deposits........................................13
 Section 2.25   Disclosure......................................................13
ARTICLE 3. REPRESENTATIONS AND WARRANTIES OF BUYER..............................13
 Section 3.1    Organization and Good Standing..................................13
 Section 3.2    Authority, No Conflict..........................................13
 Section 3.3    Consents and Approvals..........................................14
 Section 3.4    Regulatory Approvals............................................14
 Section 3.5    Availability of Financing.......................................14
 Section 3.6    Brokers or Finders..............................................14

                                      -i-

ARTICLE 4. COVENANTS OF SELLER PRIOR TO CLOSING.................................14
 Section 4.1    Access and Investigation........................................14
 Section 4.2    Operation of the Business of Seller.............................14
 Section 4.3    Negative Covenant...............................................15
 Section 4.4    Notification....................................................15
 Section 4.5    No Negotiation..................................................16
 Section 4.6    Best Efforts....................................................16
 Section 4.7    Payment of Liabilities..........................................16
 Section 4.8    Change of Name..................................................16
 Section 4.9    Audited Financial Statements....................................16
ARTICLE 5. COVENANTS OF BUYER PRIOR TO CLOSING..................................16
 Section 5.1    Required Approvals..............................................16
 Section 5.2    Best Efforts....................................................16
ARTICLE 6. CONDITIONS PRECEDENT TO BUYER'S OBLIGATION TO CLOSE..................17
 Section 6.1    Accuracy of Representations.....................................17
 Section 6.2    Seller's Performance............................................17
 Section 6.3    Consents........................................................17
 Section 6.4    Availability of Financing.......................................17
 Section 6.5    Additional Documents............................................17
 Section 6.6    No Proceedings..................................................17
 Section 6.7    Governmental Authorizations.....................................18
 Section 6.8    Purchase Price Adjustment.......................................18
ARTICLE 7. CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE.................18
 Section 7.1    Accuracy of Representations.....................................18
 Section 7.2    Buyer's Performance.............................................18
 Section 7.3    Consents........................................................18
 Section 7.4    Additional Documents............................................18
 Section 7.5    Purchase Price..................................................19
ARTICLE 8. ADDITIONAL COVENANTS.................................................19
 Section 8.1    Employees and Employee Benefits.................................19
 Section 8.2    Payment of Taxes Resulting From Sale of Assets by Seller........19
 Section 8.3    Payment of Other Retained Liabilities...........................20
 Section 8.4    Covenant Not to Compete.........................................20
 Section 8.5    Customer and Other Business Relationships.......................20
 Section 8.6    Retention and Access to Records.................................21
 Section 8.7    Uncollected Accounts Receivable.................................21
ARTICLE 9. TERMINATION..........................................................21
 Section 9.1    Termination Events..............................................21
 Section 9.2    Effect of Termination...........................................22
 Section 9.3    Financing Fees..................................................22
ARTICLE 10. INDEMNIFICATION.....................................................22
 Section 10.1   Survival........................................................22
 Section 10.2   Indemnification and Reimbursement By Seller, Fischer
                and the Shareholder.............................................22
 Section 10.3   Indemnification and Reimbursement by Buyer......................23
 Section 10.4   Limitations on Amount - Seller, Fischer and Shareholder.........23

                                      -ii-

 Section 10.5   Time Limitations................................................24
 Section 10.6   Procedure for Indemnification - Third Party Claims..............24
 Section 10.7   Procedure For Indemnification - Other Claims....................25
ARTICLE 11. GENERAL PROVISIONS..................................................25
 Section 11.1   Expenses........................................................25
 Section 11.2   Notices.........................................................25
 Section 11.3   Jurisdiction....................................................26
 Section 11.4   Waiver..........................................................26
 Section 11.5   Entire Agreement and Modification...............................26
 Section 11.6   Assignments, Successors, and No Third-Party Rights..............26
 Section 11.7   Severability....................................................26
 Section 11.8   Section Headings, Construction..................................26
 Section 11.9   Governing Law...................................................27
 Section 11.10  Counterparts....................................................27
 Section 11.11  Further Assurances..............................................27
 Section 11.12  Legal Fees......................................................27

                                     -iii-

                            ASSET PURCHASE AGREEMENT

            THIS ASSET PURCHASE AGREEMENT (the  "AGREEMENT"),  is made as of May
19, 2005, by and among GLOBALOPTIONS,  INC., a Delaware  corporation  ("BUYER"),
CONFIDENTIAL  BUSINESS  RESOURCES,  INC.,  a  Delaware  corporation  ("SELLER"),
FISCHER & ASSOCIATES,  INC., a Tennessee  corporation  (the  "SHAREHOLDER")  and
HALSEY R. FISCHER, an individual resident of Tennessee ("FISCHER").

                                    RECITALS

            Seller  desires to sell,  and Buyer desires to purchase,  the Assets
(as defined below) of Seller for the consideration and on the terms set forth in
this Agreement.

                                    AGREEMENT

            The parties, intending to be legally bound, hereby agree as follows:

                                   ARTICLE 1.

                      SALE AND TRANSFER OF ASSETS; CLOSING

            SECTION  1.1  ASSETS TO BE SOLD.  Upon the terms and  subject to the
conditions set forth in this Agreement,  at the Closing, but effective as of the
Effective  Date (as defined in SECTION 1.6 below),  Seller  shall sell,  convey,
assign, transfer and deliver to Buyer, and Buyer shall purchase and acquire from
Seller, free and clear of any charge, claim,  equitable interest,  lien, option,
pledge, security interest,  mortgage,  encroachment,  or restriction of any kind
(an  "ENCUMBRANCE"),  other  than  any  Encumbrance  identified  on  ANNEX  A as
acceptable to Buyer (a "PERMITTED  ENCUMBRANCE"),  all of Seller's  property and
assets,  real,  personal or mixed,  tangible and  intangible,  of every kind and
description,  wherever  located,  belonging to Seller and used in the conduct of
the Seller's private  investigations and surveillance business (the "BUSINESS"),
including the following (but excluding the Excluded Assets):

            (a) all leasehold  interest in all real  property  leased or used by
Seller (the "REAL PROPERTY"),  including the Real Property described in SCHEDULE
2.6;

            (b) all equipment,  furniture, office equipment,  computer hardware,
supplies,  materials,  vehicles,  and other items of tangible  personal property
(other than  inventory)  of every kind owned or leased by Seller (the  "TANGIBLE
PERSONAL PROPERTY"), including those items described in SCHEDULE 2.7(B);

            (c) all trade  accounts  receivable  and all other accounts or notes
receivable of Seller (the "ACCOUNTS RECEIVABLE");

            (d) any oral or  written  contracts  or  agreement  (i) under  which
Seller has or may acquire any rights or benefits, (ii) under which Seller has or
may become subject to any  obligation or liability,  or (iii) by which Seller or
any of the Assets is or may become  bound (any such  contract  or  agreement,  a
"SELLER CONTRACT"), including those Seller Contracts listed on SCHEDULE 2.14;

            (e) all Governmental  Authorizations (as defined in SECTION 2.11(B))
and all pending  applications  therefor or renewals thereof, in each case to the
extent transferable to Buyer;

            (f) all data and records  related to the  operations of Seller,  and
copies of all records referenced in SECTION 1.2(E) below;

            (g) all of the intangible  rights and property of Seller,  including
the  Intellectual   Property  Assets  (as  defined  in  SECTION  2.16)  and  the
Proprietary Assets (as defined in SECTION 2.16), going concern value,  goodwill,
telephone,  telecopy and e-mail addresses,  websites, domain names, and listings
including the name  "Confidential  Business  Resources,  Inc." and abbreviations
thereof;

            (h) all insurance benefits,  including rights and proceeds,  arising
from or relating to the Assets prior to the Closing Date;

            (i) all  claims of Seller  against  third  parties  relating  to the
Assets;

            (j) all cash and cash  equivalents and all securities and short term
investments;

            (k) all rights of Seller relating to deposits and prepaid  expenses,
claims  for  refunds  and  rights  to offset in  respect  thereof  which are not
excluded under SECTION 1.2(F); and

            (l) all other  properties  and assets of every kind,  character  and
description,  tangible or intangible,  of every kind and  description,  owned by
Seller, whether or not similar to the items specifically set forth above.

All of the property and assets to be transferred to Buyer hereunder are referred
to collectively as the "ASSETS".  Notwithstanding the foregoing, the transfer of
the Assets  pursuant to this  Agreement  will not include the  assumption of any
liability or obligation in respect  thereof unless the Buyer  expressly  assumes
such liability or obligation pursuant to SECTION 1.4(A).

            SECTION  1.2  EXCLUDED  ASSETS.   Notwithstanding  anything  to  the
contrary contained in SECTION 1.1 or elsewhere in this Agreement,  the following
items  (collectively,  the  "EXCLUDED  ASSETS")  are not  part of the  sale  and
purchase contemplated  hereunder,  are excluded from the Assets, and will remain
the property of Seller after the Closing:

            (a) the minute book, stock records and corporate seal of Seller;

            (b) the shares of capital stock of Seller held in treasury;

                                      -2-

            (c) all of Seller's insurance policies and rights thereunder (except
to the extent specified in SECTIONS 1.1(H) and (I));

            (d) all personnel  records and other records that Seller is required
by law to retain in its possession;

            (e) all claims for refund of taxes and other governmental charges of
whatever nature;

            (f) all rights in connection with and assets of any Employee Benefit
Plans (as defined in SECTION 2.10 below);

            (g) all  rights  of  Seller  in  connection  with  the  transactions
contemplated hereby; and

            (h) the property and assets expressly designated in SCHEDULE 2.7(A).

            SECTION 1.3 PURCHASE PRICE.  The  consideration  for the Assets (the
"PURCHASE PRICE") will be Five Million and No/100 Dollars ($5,000,000),  and the
assumption  of the  Assumed  Liabilities  (as  defined  in SECTION  1.4  below);
PROVIDED,  HOWEVER,  there shall be a dollar for dollar  adjustment  to the cash
component of the Purchase  Price,  if at the Closing  Date,  the current  assets
(comprising  the following  items:  (1) cash; (2) Accounts  Receivable;  and (3)
advances and prepaid items,  hereinafter  defined as "CURRENT  ASSETS") are less
than the  aggregate of the amount  outstanding  under the Seller's  Bank Line of
Credit (as defined in SECTION  1.4(A)(III)),  accrued  expenses and the Seller's
accounts  payable (the "CURRENT  LIABILITIES").  In the event the Current Assets
are less than the Current Liabilities,  the cash component of the Purchase Price
shall then be  reduced  by an amount  equal to the  difference  between  Current
Liabilities  and the  Current  Assets (the  "PURCHASE  PRICE  ADJUSTMENT").  The
parties  agree that the cash  component of the Purchase  Price shall not be less
than Four Million Five Hundred Thousand and No/100 Dollars ($4,500,000).  In the
event the Purchase  Price  Adjustment  exceeds Five Hundred  Thousand and No/100
Dollars  ($500,000),   the  Buyer  shall  be  responsible  for  such  excess  of
liabilities  up to an additional  Two Hundred Fifty  Thousand and No/100 Dollars
($250,000).  In the event the Purchase  Price  Adjustment  is greater than Seven
Hundred Fifty Thousand and No/100 Dollars ($750,000) ("MAXIMUM BUYER'S AMOUNT"),
then the Buyer shall have an option to terminate this Agreement  without further
obligation.

            Seller  shall  prepare  a  Closing  Date  Statement  based  upon the
Seller's  books and  records as of the close of  business  on the  business  day
immediately  preceding  the Closing  Date,  which shall set forth the  foregoing
matters and the adjustment, if any, in the Purchase Price,  substantially in the
form of EXHIBIT 1.3. In  accordance  with SECTION  1.7(B),  at the Closing,  the
Purchase Price shall be delivered by Buyer to Seller as follows: (A) the payment
of Four Million Five Hundred  Thousand and No/100 Dollars  ($4,500,000) (or such
lesser amount to reflect any adjustments pursuant to this SECTION 1.3, but in no
event, less than $4,000,000) by wire transfer to an account specified by Seller,
and (B) the payment of Five Hundred  Thousand and No/100  Dollars  ($500,000) at
Closing to Silicon  Valley Bank, as escrow agent (the "ESCROW  AGENT") under the
Escrow Agreement (as defined in SECTION 1.7(A) below).

                                      -3-

            SECTION 1.4 LIABILITIES.

            (a) At the Closing,  but effective as of the Effective  Time,  Buyer
shall assume and agree to discharge only the following  specifically  enumerated
liabilities and obligations of Seller (the "ASSUMED LIABILITIES"):

                (i) any trade account payable (including a trade account payable
to any shareholder of Seller (A) reflected on the Interim Balance Sheet, and (B)
that is incurred by Seller in the Ordinary  Course of Business  between the date
of the Interim  Balance  Sheet and the Closing  Date, in each case which remains
unpaid at and is not delinquent as of the Closing;

                (ii) any  liability  arising  after the Closing under any Seller
Contract  included  in the Assets  (other than any  liability  arising out of or
relating to a breach which occurred prior to the Closing; and

                (iii) any liability of Seller described in SCHEDULE 1.4(A)(III),
including  amounts  owed to SunTrust  Bank under the Seller's  revolving  credit
facility (the "SELLER'S BANK LINE OF CREDIT").

            (b) All liabilities and obligations of Seller, whether arising prior
to the Closing Date, other than the Assumed Liabilities,  are referred to as the
"RETAINED  LIABILITIES".  All of the Retained  Liabilities  will remain the sole
responsibility of and will be retained, paid, performed and discharged solely by
Seller.

            SECTION 1.5 ALLOCATION.  The Purchase Price will be allocated as set
forth in EXHIBIT 1.5. After the Closing,  the parties shall make  consistent use
of the  allocation  specified in EXHIBIT 1.5 for all tax purposes and in any tax
returns filed with the Internal  Revenue Service in respect  thereof,  including
IRS Form 8594.

            SECTION 1.6  CLOSING.  The  consummation  of the  purchase  and sale
provided for in this Agreement (the "CLOSING") will take place at the offices of
Buyer's counsel at 1201 15th Street, N.W., Washington, D.C. 20005, at 10:00 a.m.
(local  time) on such date as the parties may  mutually  agree but no later than
June 30, 2005 (the "CLOSING DATE").

            SECTION 1.7 CLOSING OBLIGATIONS.

            (a) At the Closing, Seller, Fischer and the Shareholder, as the case
may be, shall deliver to Buyer:

                (i) a bill of sale for all of the  Assets in a form to be agreed
upon (the "BILL OF SALE"), executed by Seller;

                (ii) an  assignment  of all of the Assets  which are  intangible
personal  property in form to be agreed upon, which assignment will also contain
Buyer's  undertaking and assumption of the Assumed  Liabilities (the "ASSIGNMENT
AND ASSUMPTION AGREEMENT"), executed by Seller;

                                      -4-

                (iii) with respect to each interest in real  property  leased by
Seller as set forth in SCHEDULE 2.6, an Assignment  and Assumption of Lease in a
form to be agreed upon (the  "ASSIGNMENT AND ASSUMPTION OF LEASE"),  executed by
Seller and the applicable lessor;

                (iv) copies of any other consent (excluding consents relating to
the  Non-Material  Contracts  (as defined in SECTION 1.8 below))  required to be
obtained in connection with the execution and delivery of this Agreement and the
consummation of the  transactions  contemplated  hereby as disclosed on SCHEDULE
2.2(C);

                (v) an  escrow  agreement  in the  form  of  EXHIBIT  1.7(A)(V),
executed  by  Seller,   the  Shareholder  and  the  Escrow  Agent  (the  "ESCROW
AGREEMENT");

                (vi) an employment  agreement in the form of EXHIBIT 1.7(A)(VI),
executed by Fischer (the "EMPLOYMENT AGREEMENT");

                (vii)   noncompetition,    nondisclosure   and   nonsolicitation
agreements  in the a form to be agreed  upon,  executed by the  Shareholder  and
certain  employees to be agreed upon no later than ten (10)  business days prior
to the Closing Date;

                (viii) a certificate of the Secretary of Seller  certifying,  as
complete  and  accurate  as of the  Closing,  attached  copies of the  bylaws of
Seller,  certifying  and  attaching  all  requisite  resolutions  or  actions of
Seller's  board of  directors  and  shareholders  approving  the  execution  and
delivery of this Agreement and the consummation of the transactions contemplated
hereby and the change of name  contemplated by SECTION 4.5 and certifying to the
incumbency  of the officers of Seller  executing  this  Agreement  and any other
document relating to the transactions contemplated hereby and accompanied by the
requisite  documents for amending the  Certificate  of  Incorporation  of Seller
required to effect such  change of name in form  sufficient  for filing with the
Delaware Secretary of State;

                (ix) an opinion of Donald I.N. McKenzie, Esq., dated the Closing
Date, in a form customary for similar transactions;

                (x) the certificate of incorporation and all amendments  thereto
of Seller,  duly  certified  as of a recent  date by the  Secretary  of State of
Delaware;

                (xi)  certificates as to the good standing of Seller and payment
of all applicable state taxes by Seller,  executed by the appropriate  officials
of the  jurisdiction of Seller's  incorporation  and each  jurisdiction in which
Seller is licensed or  qualified  to do  business  as a foreign  corporation  as
specified in SCHEDULE 2.1; and

                (xii) such other deeds, bills of sale, assignments, certificates
of title,  documents  and other  instruments  of transfer and  conveyance as may
reasonably  be requested by Buyer,  each in form and substance  satisfactory  to
Buyer and its counsel and executed by Seller for the purpose of facilitating the
consummation or performance of the transactions contemplated hereby.

                                      -5-

            (b) At the Closing, Buyer shall deliver to Seller:

                (i) Four  Million  Five  Hundred  Thousand  and  No/100  Dollars
($4,500,000) or such lesser amount as may be adjusted in accordance with SECTION
1.3 of this  Agreement but in no event less than Four Million and No/100 Dollars
($4,000,000), by wire transfer to accounts specified in writing by Seller (which
wire transfer instructions must be delivered by Seller to Buyer at least one (1)
Business Day prior to Closing);

                (ii) the Assignment and Assumption Agreement, executed by Buyer;

                (iii) the  Escrow  Agreement,  executed  by Buyer and the Escrow
Agent,  together with the delivery of Five Hundred  Thousand and No/100  Dollars
($500,000) to the Escrow Agent by wire  transfer to an account  specified by the
Escrow Agent;

                (iv) the Employment Agreement, executed by Buyer;

                (v) the Noncompetition Agreements, executed by Buyer; and

                (vi) a  certificate  of the  Secretary of Buyer  certifying,  as
complete and accurate as of the Closing,  attached copies of the bylaws of Buyer
and  certifying  and attaching all requisite  resolutions  or actions of Buyer's
board of directors  approving the  execution and delivery of this  Agreement and
the consummation of the transactions  contemplated  hereby and certifying to the
incumbency  of the  officers of Buyer  executing  this  Agreement  and any other
document relating to the transactions contemplated hereby.

            SECTION 1.8 CONSENTS.  Buyer may waive the  requirement  that Seller
obtain  consents  to  assignment  with  respect to any of the  Seller  Contracts
disclosed on SCHEDULE  2.2(C) (the  contracts with respect to which Buyer grants
such waiver, the "NON-MATERIAL CONTRACTS"),  in which case any such Non-Material
Contracts  will  be  identified  as  such on  SCHEDULE  2.2(C).  Notwithstanding
anything  to the  contrary in this  Agreement,  if any  consents  to  assignment
relating to the Non-Material Contracts have not been obtained at or prior to the
Closing,  this  Agreement  will not  constitute an assignment or an agreement to
assign if such assignment or attempted  assignment  would constitute a breach of
the Non-Material Contract or result in the loss or diminution thereof; PROVIDED,
HOWEVER, that in each such case, Seller shall take commercially reasonable steps
after the Closing to obtain the consent of such other party to the  Non-Material
Contract to the assignment of such  Non-Material  Contract to the Buyer. If such
consent is not  obtained,  Seller shall  cooperate  with the Buyer to the extent
legally  permissible  and  feasible in any  reasonable  arrangement  designed to
provide for Buyer the benefits of any Non-Material Contract,  including, without
limitation,  the  enforcement,  for the account and benefit of the Buyer, of any
and all rights of Seller against any other person with respect to a Non-Material
Contract.

                                      -6-

                                   ARTICLE 2.

            REPRESENTATIONS AND WARRANTIES OF SELLER AND SHAREHOLDERS

      Seller,  Fischer and the  Shareholder  represent and warrant,  jointly and
severally, to Buyer as follows:

            SECTION 2.1 ORGANIZATION AND GOOD STANDING.

                 (a) Seller is a corporation duly organized,  validly  existing,
and in good  standing  under  the  laws of the  State  of  Delaware,  with  full
corporate  power  and  authority  to  conduct  its  business  as it is now being
conducted,  to own or use its  properties  and  assets,  and to perform  all its
obligations  under its  contracts.  Seller is duly qualified to do business as a
foreign  corporation  and is in good  standing  under the laws of each  state or
other jurisdiction set forth in SCHEDULE 2.1.

                 (b)  Complete  and  accurate   copies  of  the  certificate  of
incorporation and bylaws of Seller (collectively, the "GOVERNING DOCUMENTS"), as
currently in effect, have been delivered to Buyer.

                 (c) Seller does not own and has not entered into any  agreement
or contract to acquire,  any equity securities or other securities of any person
or any direct or indirect equity ownership interest in any other business.

          SECTION 2.2 AUTHORITY; NO CONFLICT.

                 (a) This Agreement  constitutes the legal,  valid,  and binding
obligation of Seller,  Fischer and the Shareholder,  enforceable against each of
them in  accordance  with its terms.  Upon the execution and delivery by Seller,
Fischer and the  Shareholder  of each of the  documents  and  instruments  to be
executed  and  delivered  by  Seller,  Fischer  and the  Shareholder  at Closing
pursuant to SECTION 1.7(A)  (collectively,  the "SELLER'S  CLOSING  DOCUMENTS"),
each of Seller's Closing Documents will constitute the legal, valid, and binding
obligation  of each of Seller,  Fischer  and the  Shareholder  a party  thereto,
enforceable  against each of them in  accordance  with their  respective  terms.
Seller has the right, power,  authority and capacity to execute and deliver this
Agreement and Seller's  Closing  Documents and to perform its obligations  under
this  Agreement and Seller's  Closing  Documents,  and such action has been duly
authorized  by all  necessary  action  by  Seller's  shareholders  and  board of
directors.  Fischer and the  Shareholder  have all necessary  legal  capacity to
enter into this  Agreement  and the  Seller's  Closing  Documents  to which such
person is a party and to perform his obligations hereunder and thereunder.

                 (b) Neither the  execution  and delivery of this  Agreement nor
the consummation or performance of any of the transactions  contemplated  hereby
will (with or without notice or lapse of time):  (i) contravene,  conflict with,
or result in a violation of any provision of any of the  Governing  Documents of
Seller,  (ii)  contravene,  conflict with, or result in a violation of any Legal
Requirement  (as  defined  in  SECTION  2.11(A)  below) or Order (as  defined in

                                      -7-

SECTION 2.12(B) below) of any court or governmental authority to which Seller or
any of the Assets are subject, or (iii) breach any provision of, give any person
the right to declare a default or  exercise  any remedy  under,  accelerate  the
maturity  or  performance  of or  payment  under,  result  in  the  creation  or
imposition  of any  Encumbrance  upon  any  of  the  Assets  under,  or  cancel,
terminate, or modify, any contract to which Seller is a party or by which Seller
or the Assets are bound.

                 (c) Except as set forth in SCHEDULE  2.2(C),  Seller is not and
will not be required to give any notice to or obtain any consent from any person
in  connection  with  the  execution  and  delivery  of  this  Agreement  or the
consummation or performance of the transactions  contemplated  hereby (including
the assignment of the Seller Contracts hereunder).

            SECTION 2.3  CAPITALIZATION.  The  authorized  equity  securities of
Seller consist of 10,000,000  shares of common stock, par value $.001 per share,
of which 1,932,241.1 shares are issued and outstanding,  and 1,000,000 shares of
preferred  stock,  $.001 par value, of which 187,600 shares have been designated
as Series A  Convertible  Preferred  Stock of which 93,000 shares are issued and
outstanding.

            SECTION 2.4 FINANCIAL  STATEMENTS.  Attached  hereto as SCHEDULE 2.4
are the Seller's  unaudited  balance  sheet as of December  31, 2004,  unaudited
profit and loss  statement  for the  twelve  months  ended  December  31,  2004,
unaudited  balance  sheet as of March 31,  2005 and  unaudited  profit  and loss
statement  for the 3 months ended March 31, 2005 (the  "FINANCIAL  STATEMENTS").
The Financial  Statements fairly present the financial condition and the results
of  operations  of  Seller  as at the  respective  dates of and for the  periods
referred to in such  financial  statements,  all in  accordance  with  generally
accepted accounting principals ("GAAP") except as set forth on SCHEDULE 2.4. The
Financial  Statements  have been prepared  from and are in  accordance  with the
books and records of Seller.

            SECTION 2.5 SUFFICIENCY OF ASSETS.  The Assets (a) constitute all of
the assets,  tangible and intangible,  necessary to conduct Seller's business in
the manner presently operated by Seller, and (b) constitute all of the operating
assets of Seller.

            SECTION 2.6 REAL PROPERTY LEASES. SCHEDULE 2.6 sets forth all leases
of real  property to which the Seller is a party (the  "LEASES").  Complete  and
accurate  copies of the Leases,  as amended or modified,  have been delivered to
Buyer.  The Leases are in full force and effect,  are  binding  and  enforceable
against each of the parties thereto in accordance with their  respective  terms,
and have not been  amended or modified  since the date of delivery to the Buyer.
No party to any Lease has sent written  notice to the other  claiming  that such
party is in default  thereunder,  which alleged default remains uncured.  Seller
enjoys peaceful and undisturbed possession of all such real property.

            SECTION 2.7 PERSONAL PROPERTY.

                 (a) Except as set forth on  SCHEDULE  2.7(A),  Seller owns good
and transferable  title to all of its Assets (excluding its interest in the real
property  described in SCHEDULE 2.6), free and clear of any  Encumbrances  other
than Permitted Encumbrances.

                                      -8-

                 (b) SCHEDULE  2.7(B) sets forth all items of Tangible  Personal
Property with an initial, nondepreciated book value in excess of $500. Each item
of Tangible  Personal  Property is in good repair and good operating  condition,
ordinary  wear and tear  excepted,  and is  suitable  for  immediate  use in the
ordinary course of business, No item of Tangible Personal Property is in need of
repair or replacement other than as part of routine  maintenance in the ordinary
course of  business.  All Tangible  Personal  Property is in the  possession  of
Seller.

            SECTION 2.8 TAXES. Seller has timely filed all tax returns (federal,
state or local) required to be filed by it in accordance  with applicable  Legal
Requirements.  All of such tax returns are  accurate and complete in al material
respects.  Seller has paid or made  provision  for the payment of all taxes that
have or may become due for all periods  covered by the tax returns or otherwise,
or  pursuant  to any  assessment  received  by  Seller.  Except  as set forth in
SCHEDULE 2.8, there is no dispute or claim concerning any taxes of Seller either
claimed or raised by any governmental authority in writing.  Except as set forth
in SCHEDULE  2.8,  Seller has not  requested or been given any extension of time
within  which to file  returns in  respect of any taxes for which  Seller may be
liable.  All taxes  that  Seller is or was  required  by Legal  Requirements  to
withhold, deduct or collect have been duly withheld, deducted and collected and,
to the extent required, have been paid to the proper governmental authority.

            SECTION  2.9  EMPLOYEES.  SCHEDULE  2.9 sets  forth a  complete  and
accurate list,  giving name, job title,  current  compensation  paid or payable,
sick and vacation  leave that is accrued but unused,  and services  credited for
purposes of vesting and  eligibility to participate  under any Employee  Benefit
Plan (as defined below) (in each case, to the extent  applicable),  (a) for each
employee of Seller, including each employee on leave of absence or layoff status
(the "EMPLOYEES"),  (b) for any independent contractors who render services on a
regular basis to, or are under contract with, Seller. Seller has not experienced
any  organized  slowdown,  work  interruption  strike  or work  stoppage  by its
employees,  and, to the knowledge of Seller, Fischer and the Shareholder,  there
is no  strike,  labor  dispute  or  union  organization  activities  pending  or
threatened  affecting  Seller.  None of the  Employees  belongs  to any union or
collective  bargaining unit. Except as set forth on SCHEDULE 2.9, no Employee of
Seller is bound by (a) any  employment  or similar  contract or  agreement  with
Seller,  or (b) any contract or agreement that purports to limit or restrict the
ability of such Employee to (i) perform his duties as an employee of Seller,  or
(ii) engage in any conduct, activity, or practice relating to Seller's business.

            SECTION 2.10 EMPLOYEE BENEFITS.  SCHEDULE 2.10 sets forth all plans,
programs,  or  arrangements  that Seller has maintained,  sponsored,  adopted or
obligated itself under with respect to employees' benefits, including pension or
retirement  plans,  medical  or  dental  plans,  life  or  long-term  disability
insurance, bonus or incentive compensation, stock option or equity participation
plans (the "EMPLOYEE BENEFIT PLANS"). Seller has no liability or obligation with
respect to any Employee under any Employee Benefit Plan other than normal salary
or wage  accruals  and  paid  vacation,  sick  leave  and  holiday  accruals  in
accordance  with  Seller's  past  practice and policy.  Seller has performed all
obligations  required to be performed  under,  and has  complied  with all Legal
Requirements in connection  with, all such Employee  Benefit Plans and is not in
arrears under any of the terms thereof.

                                      -9-

            SECTION  2.11  COMPLIANCE  WITH  LEGAL  REQUIREMENTS,   GOVERNMENTAL
AUTHORIZATIONS.

                 (a)  Seller  is, and at all times  since  January 1, 2001,  has
been, in compliance in all material  respects with any federal,  state, or local
law, ordinance or regulation (including with respect to environmental,  disposal
of hazardous  substances,  or public health or safety) (a "LEGAL  REQUIREMENT"),
that is or was  applicable  to the operation of its business or the ownership or
use of any of its assets, except as set forth in SCHEDULE 2.11(A). Except as set
forth on SCHEDULE 2.11(A), Seller has not received, at any time since January 1,
2001,  any notice or other  communication  (whether  oral or  written)  from any
governmental  authority  or any other  person  regarding  any  actual or alleged
violation of, or failure to comply with, any Legal Requirement.

                 (b) SCHEDULE  2.11(B)  contains a complete and accurate list of
each approval,  license or permit (the  "GOVERNMENTAL  AUTHORIZATIONS")  that is
held by Seller or that otherwise relates to the Seller's business or the Assets.
The  Governmental   Authorizations   listed  in  SCHEDULE  2.11(B)  collectively
constitute all of the approvals, licenses and permits necessary to permit Seller
to lawfully conduct and operate its business in the manner it currently conducts
and operates such business and to permit Seller to own and use its assets in the
manner in which it currently  owns and uses such assets.  Except as set forth on
SCHEDULE  2.11(B),  each  such  private  investigations  license  or  permit  is
transferable to Buyer as of the Closing.

            SECTION 2.12 LEGAL PROCEEDINGS, ORDERS.

                 (a)  Except  as set  forth in  SCHEDULE  2.12(A),  there are no
actions or proceedings  pending by or against Seller or that otherwise relate to
or may affect the business  of, or any of the assets  owned or used by,  Seller.
Except as set forth in SCHEDULE 2.12(A), To the knowledge of Seller, Fischer and
the Shareholder,  no such action or proceeding has been threatened, and no event
has  occurred  or  circumstance  exists  that  may  serve  as a  basis  for  the
commencement of any such action or proceeding.

                 (b) There are no orders, injunctions,  judgments or decrees (an
"ORDER")  outstanding  against Seller or that otherwise  relate to or may affect
the business of, or any of the assets owned or used by, Seller.

            SECTION 2.13 INSURANCE.  SCHEDULE 2.13 sets forth (a) a complete and
accurate  list of all  insurance  under which any of the assets or properties of
Seller is covered or otherwise  relating to the business of Seller,  and (b) all
life insurance  policies  covering the life of any Employee for which Seller has
paid any premiums.  Such  policies are in full force and effect,  and Seller has
paid all premiums due, and has otherwise performed all of its obligations under,
each such policy of insurance.

            SECTION 2.14  CONTRACTS;  NO  DEFAULTS.  SCHEDULE  2.14  contains an
accurate  and complete  list of each Seller  Contract.  Seller has  delivered to
Buyer  accurate and complete  copies of each written Seller  Contract,  and have
provided  Buyer  with a true  and  accurate  description  of  each  oral  Seller
Contract.  Each  Seller  Contract  is valid and  binding  and in full  force and
effect, Seller and each other person that has or had any obligation or liability
under  any  Seller  Contract  is in  compliance  with  all  material  terms  and
requirements of each Seller Contract,  and, except a set forth in SCHEDULE 2.14,
no event has  occurred or  circumstance  exists that (with or without  notice or

                                      -10-

lapse of time) may contravene, conflict with, or result in a violation or breach
of, or give  Seller  or any  other  person  the  right to  declare a default  or
exercise any remedy under,  or to accelerate the maturity or performance  of, or
to cancel, terminate, or modify, any Seller Contract.

            SECTION 2.15 INTELLECTUAL  PROPERTY.  SCHEDULE 2.15 lists any names,
assumed names,  registered or unregistered trade names,  patents,  inventions or
discoveries  that may be  patentable,  registered  or  unregistered  trademarks,
registered or unregistered service marks, registered or unregistered copyrights,
applications for any of the foregoing, computer software, rights in internet web
sites  and  internet   domain   names,   owned,   used  or  licensed  by  Seller
(collectively,  the "INTELLECTUAL  PROPERTY ASSETS"). The documentation relating
to (a) such  Intellectual  Property Assets and (b) any trade secrets,  know-how,
confidential or proprietary information and customer lists (the items referenced
in clause (b), the "PROPRIETARY ASSETS") is current, accurate, and sufficient in
detail  and  content  to allow its full and  proper  use.  Seller  has taken all
reasonable precautions to protect the secrecy,  confidentiality and value of the
all of the  Intellectual  Property  Assets and Proprietary  Assets,  and has the
right to use all of the  Intellectual  Property Assets and  Proprietary  Assets.
None of the Intellectual Property Assets or Proprietary Assets is subject to any
adverse  claim or has been  challenged  or threatened in any way or infringes or
conflicts with any patent or copyright  application or registration or any other
intellectual  property  right of any other person.  The ownership and use of the
Intellectual  Property  Assets and  Proprietary  Assets by Buyer  following  the
Closing will not infringe upon or conflict with the intellectual property rights
of any person.

            SECTION 2.16 RELATIONSHIPS WITH RELATED PERSONS. Except as set forth
in SCHEDULE 2.16, no shareholder or any Related Person (as defined below) of the
shareholder has any interest in any property (whether real,  personal,  or mixed
and whether tangible or intangible), used in or pertaining to Seller's business.
To the  knowledge of the Seller,  no  shareholder  or any Related  Person of any
shareholder  owns an equity  interest  or any other  financial  interest  in any
person that has (a) had business  dealings or a material  financial  interest in
any  transaction  with  Seller  other than  business  dealings  or  transactions
disclosed  in SCHEDULE  2.16,  each of which has been  conducted in the ordinary
course  of  business  at   substantially   prevailing   market   prices  and  on
substantially prevailing market terms, or (b) engaged in competition with Seller
with respect to the Seller's business. Except as set forth on SCHEDULE 2.16, the
Seller is not indebted, directly or indirectly, to any person who is an officer,
director or shareholder of the Seller or any Affiliate of any such person in any
amount other than for salaries for services  rendered or  reimbursable  business
expenses, and no such officer, director, shareholder or Affiliate is indebted to
the Seller,  except for advances made to employees of the Seller in the ordinary
course of business to meet  reimbursable  business  expenses  anticipated  to be
incurred by such person. For the purposes of this SECTION 2.16, "RELATED PERSON"
means,  with respect to any individual:  (i) an individual's  spouse,  siblings,
siblings'  children,  children,  grandchildren  or  parents;  or  (ii) a  trust,
corporation,  partnership  or other  entity,  the  beneficiaries,  stockholders,
partners,  or owners, or persons holding a controlling interest of which consist
of such individuals referred to in the immediately preceding clause (i).

            SECTION 2.17 NO UNDISCLOSED  LIABILITIES.  Seller has no liabilities
or  obligations  except for  liabilities  or  obligations  reflected or reserved
against  in the  unaudited  balance  sheet as of March 31,  2005  (the  "INTERIM

                                      -11-

BALANCE  SHEET") and current  liabilities  incurred  in the  ordinary  course of
business of Seller since March 31, 2005, except as set forth on SCHEDULE 2.17.

            SECTION 2.18 NO MATERIAL  ADVERSE CHANGE.  Since March 31, 2005, (a)
there has not been any  material  adverse  change in the  business,  properties,
prospects,  assets,  results of operations or condition (financial or otherwise)
of Seller,  and no event has occurred or circumstance  exists that may result in
such a material adverse change; (b) there has not been any sale, lease, or other
disposition of any asset or property of Seller other than in the ordinary course
of  business,  or any  Encumbrance  on any asset or property of Seller;  and (c)
Seller has conducted its business only in the ordinary  course of business so as
to preserve its business intact,  to keep available to its business the services
of Seller's  employees,  and to preserve  its  business  and the goodwill of its
suppliers, customers and others having business relations with it.

            SECTION  2.19  BROKERS  OR  FINDERS.  Neither  Seller nor any of its
officers,  directors,  employees  or  agents  have  incurred  any  liability  or
obligation  for  brokerage  or  finders'  fees or agents'  commissions  or other
similar  payment in connection  with the sale of the Assets or the  transactions
contemplated hereby.

            SECTION 2.20 ACCOUNTS  RECEIVABLE.  All Accounts Receivable that are
reflected on the Interim Balance Sheet or on the accounting Records of Seller as
of the Closing Date represent or will represent valid  obligations  arising from
services  actually  performed  by Seller  in the  ordinary  course of  business,
subject to a modest amount of uncollectibility.  Except to the extent paid prior
to the Closing Date,  such Accounts  Receivable are or will be as of the Closing
Date  collectible  net of the  respective  reserves  to be shown on the  audited
balance  sheet as of March 31,  2005.  Subject  to such  reserves,  each of such
Accounts  Receivable  either has been or will be collected in full,  without any
set-off,  within  365 days  after  the day on which  it  first  becomes  due and
payable.  SCHEDULE  2.20  contains a complete and accurate  list of all Accounts
Receivable as of the date of the Interim  Balance  Sheet,  which list sets forth
the aging of each such Account Receivable.

            SECTION 2.21  CUSTOMERS AND SUPPLIERS.  Since March 31, 2005,  there
has been no  adverse  change in the  business  relationship  of Seller  with any
material  customer  or  supplier.  Seller has not  received  any notice that any
material  customer or supplier has any  intention  to  terminate  or  materially
reduce  purchases from or supplies to Seller on account of the  consummation  of
the transactions contemplated hereby or otherwise.

            SECTION  2.22  BOOKS AND  RECORDS.  The books of  account  and other
financial  records of Seller are complete  and correct in all material  respects
and have been  maintained in  accordance  with sound  business  practices and in
accordance with applicable laws and regulations.

            SECTION 2.23 BANK  ACCOUNTS.  SCHEDULE  2.23 contains a complete and
accurate  list of all bank  accounts  and safe  deposit  boxes in the name of or
controlled by the Seller, and the person or persons authorized to act or sign on
behalf of the Seller in respect of any of the foregoing.

                                      -12-

            SECTION 2.24  PREPAYMENTS  AND DEPOSITS.  SCHEDULE 2.24 sets forth a
complete and accurate list of all  prepayments  or deposits  from  customers for
services  to be  performed  after the Closing  Date which have been  received by
Seller as of the date hereof.

            SECTION  2.25  DISCLOSURE.  No  representation  or warranty or other
statement made by Seller, Fischer or the Shareholder in this Agreement or in any
certificate  to be  delivered  hereunder,  contains  or will  contain any untrue
statement of a material  fact or omits,  or will omit,  to state a material fact
necessary  to make any of them,  not  misleading.  There  does not now exist any
event, condition, or other matter,  individually or in the aggregate,  adversely
affecting Seller or the Seller's business,  prospects,  financial condition,  or
results of its operations that has not been set forth this Agreement.

                                   ARTICLE 3.

                     REPRESENTATIONS AND WARRANTIES OF BUYER

            Buyer represents and warrants to Seller as follows:

            SECTION 3.1 ORGANIZATION  AND GOOD STANDING.  Buyer is a corporation
duly  organized,  validly  existing,  and in good standing under the laws of the
State of  Delaware,  with full  corporate  power and  authority  to conduct  its
business as it is now being conducted.

            SECTION 3.2 AUTHORITY, NO CONFLICT.

                 (a) This Agreement  constitutes the legal,  valid,  and binding
obligation of Buyer,  enforceable  against it in accordance with its terms. Upon
the execution and delivery by Buyer of each of the documents and  instruments to
be  executed  and  delivered  by Buyer at Closing  pursuant  to  SECTION  1.7(B)
(collectively,  the "BUYER'S  CLOSING  DOCUMENTS"),  each of the Buyer's Closing
Documents will  constitute the legal,  valid,  and binding  obligation of Buyer,
enforceable  against it in accordance with its respective  terms.  Buyer has the
absolute  right,  power and authority to execute and deliver this  Agreement and
the  Buyer's  Closing  Documents  and to  perform  its  obligations  under  this
Agreement  and the  Buyer's  Closing  Documents,  and such  action has been duly
authorized by all necessary corporate action.

                 (b) Neither the  execution  and  delivery of this  Agreement by
Buyer  nor  the   consummation  or  performance  of  any  of  the   transactions
contemplated hereby by Buyer will (with or without notice or lapse of time): (i)
contravene,  conflict  with or result in a violation of any provision of Buyer's
certificate of incorporation or bylaws; (ii) contravene, conflict with or result
in a violation of any Legal  Requirement  or Order of any court or  governmental
authority to which Buyer or its assets are subject,  or (iii)  conflict  with or
result in the breach or termination of any term or provision of, or constitute a
default under,  or cause any  acceleration  under,  or cause the creation of any
Encumbrance  upon the  properties  or  assets  of the  Buyer  pursuant  to,  any
indenture, mortgage, deed of trust or other agreement or instrument to which the
Buyer is a party or by which  the  Buyer or any of its  properties  is or may be
bound.

                                      -13-

            SECTION  3.3  CONSENTS  AND  APPROVALS.  SCHEDULE  3.3 sets  forth a
complete and accurate  list of all consents and  approvals of third parties that
are  required  in  connection  with  the   consummation  by  the  Buyer  of  the
transactions contemplated by this Agreement, all of which consents and approvals
either have been obtained or will be obtained prior to the Closing Date.

            SECTION  3.4   REGULATORY   APPROVALS.   All  consents,   approvals,
authorizations or other  requirements  prescribed by any law, rule or regulation
that must be obtained or satisfied by the Buyer and that are  necessary  for the
consummation  of the  transactions  contemplated by this Agreement have been, or
will be prior to the Closing Date, obtained and satisfied.

            SECTION  3.5  AVAILABILITY  OF  FINANCING.  Buyer  has no  reason to
believe that the private  placement for the funds necessary to finance the Buyer
to  consummate  the  transactions  contemplated  by this  Agreement  will not be
available  to  Buyer  on  the  Closing  Date.  Buyer  has  furnished  to  Seller
preliminary and draft  documentation  relating to its contemplated  fund raising
transactions and Buyer shall promptly deliver to Seller  additional  information
and  documents  with  respect  to such fund  raising as they  become  available,
including definitive documents related to the closing of such financing.

            SECTION  3.6  BROKERS  OR  FINDERS.  Neither  Buyer  nor  any of its
officers,  directors,  employees  or agents  have  incurred  any  liability  for
brokerage or finders' fees or agents'  commissions  or other similar  payment in
connection with the transactions contemplated hereby.

                                   ARTICLE 4.

                      COVENANTS OF SELLER PRIOR TO CLOSING

            SECTION  4.1  ACCESS  AND  INVESTIGATION.  Between  the date of this
Agreement and the Closing Date, and upon reasonable advance notice received from
Buyer,  Seller shall (a) afford Buyer and its  Representatives  and  prospective
lenders and their  Representatives  (collectively,  the "BUYER  GROUP") full and
free access,  during normal  business hours,  to Seller's  management  personnel
offices,  properties offices, and books and records, such rights of access to be
exercised in a manner that does not  unreasonably  interfere with the operations
of  Seller,  (b)  furnish  the Buyer  Group with  copies of all such  Contracts,
Governmental Authorizations, books and records, and other existing data as Buyer
may  reasonably  request,  (c)  furnish  the Buyer  Group  with such  additional
financial,  operating,  and other  relevant  data and  information  as Buyer may
reasonably  request,  and (d)  otherwise  cooperate  and  assist,  to the extent
reasonably  requested by Buyer,  with Buyer's  investigation  of the properties,
assets and financial condition related to Seller.

            SECTION 4.2 OPERATION OF THE BUSINESS OF SELLER. Between the date of
this Agreement and the Closing Date, Seller shall:

                 (a)  conduct the  business  of the Seller only in the  Ordinary
Course of Business (as defined below);

                                      -14-

                 (b) use its commercially  reasonable efforts to preserve intact
the current business  organization of the Seller, keep available the services of
the  Seller's  officers,  employees,  and  agents,  and  maintain  the  Seller's
relations  and  good  will  with  suppliers,  customers,  landlords,  creditors,
employees, agents, and others having business relationships with it;

                 (c)  confer  with  Buyer  prior  to  implementing   operational
decisions of a material nature; and

                 (d)  otherwise  report  periodically  to Buyer  concerning  the
status of the business, operations, and finances of the Seller.

            "ORDINARY  COURSE OF BUSINESS" means an action that is consistent in
nature and scope with Seller's past  practices,  taken in the ordinary course of
the normal  day-to-day  operations of Seller and that does not require  specific
authorization by the Board of Directors or shareholders of Seller.

            SECTION 4.3  NEGATIVE  COVENANT.  Except in the  Ordinary  Course of
Business or as otherwise  expressly  permitted herein,  between the date of this
Agreement  and the Closing  Date,  Seller shall not,  without the prior  written
Consent of Buyer:

                 (a)  pay  or  increase   any   bonuses,   salaries,   or  other
compensation to any shareholder, director, officer or employee or entry into any
severance or similar contract with any director, officer, or employee;

                 (b) adopt, amend or increase the payments to or benefits under,
any Employee Benefit Plan with respect to the Employees;

                 (c) mortgage, pledge, or impose any Encumbrance on any Asset of
the Seller;

                 (d)  modify  any  material   Seller  Contract  or  Governmental
Authorization;

                 (e) cancel or waive any claims or rights with a value to Seller
in excess of $10,000; or

                 (f)  agree,  whether  orally  or in  writing,  to do any of the
foregoing.

            SECTION 4.4 NOTIFICATION. Between the date of this Agreement and the
Closing Date,  Seller shall promptly notify Buyer in writing if it becomes aware
of (a) any fact or  condition  that  causes  or  constitutes  a breach of any of
Seller's  representations  and warranties made as of the date of this Agreement,
or (b) the occurrence  after the date of this Agreement of any fact or condition
that would or be reasonably likely to (except as expressly  contemplated by this
Agreement)  cause  any such  representation  or  warranty  to be  inaccurate  or
incomplete in any material  respect,  had that  representation  or warranty been
made as of the time of the occurrence of, or Seller's discovery of, such fact or
condition.  Should  any  such  fact  or  condition  require  any  change  to the
Schedules,  Seller shall promptly deliver to Buyer a supplement to the Schedules
specifying such change.

                                      -15-

            SECTION 4.5 NO  NEGOTIATION.  Until such time as this  Agreement  is
terminated  pursuant to SECTION 9.1,  Seller  shall not  directly or  indirectly
solicit,  initiate,  encourage or  entertain  any  inquiries or proposals  from,
discuss or negotiate  with,  provide any non-public  information to, or consider
the merits of any  inquiries or proposals  from,  any person  (other than Buyer)
relating to any business combination transaction involving Seller, including the
sale by the  Shareholders  of Seller's  stock,  the merger or  consolidation  of
Seller,  or the sale of the  Business  or any of the Assets  (other  than in the
Ordinary  Course of Business).  Seller shall  promptly  notify Buyer of any such
inquiry or proposal.

            SECTION 4.6 BEST  EFFORTS.  Seller and Fischer  shall use their best
efforts to cause the conditions in Article 6 and Article 7 to be satisfied.

            SECTION 4.7 PAYMENT OF  LIABILITIES.  Seller  shall pay or otherwise
satisfy  in  the  Ordinary  Course  of  Business  all  of  its  liabilities  and
obligations.  Buyer and Seller  hereby waive  compliance  with the bulk transfer
provisions  of the Uniform  Commercial  Code (or any similar  law) ("BULK  SALES
LAWS") in connection with the contemplated transactions.

            SECTION 4.8 CHANGE OF NAME.  On or before the Closing  Date,  Seller
shall take all other actions necessary to amend its certificate of incorporation
and change its name to one  sufficiently  dissimilar to Seller's present name to
avoid confusion.

            SECTION 4.9 AUDITED FINANCIAL  STATEMENTS.  On or before the Closing
Date,  Seller shall provide to the Buyer audited  financial  statements  for the
years ended December 31, 2003,  December 31, 2004 and for the three-month period
ending  March  31,  2005  (the  "AUDITED  FINANCIAL  STATEMENTS").  The  Audited
Financial Statements shall be materially consistent with the unaudited financial
statements  included in SCHEDULE  2.4,  except as set forth in SCHEDULE 2.4. The
Audited  Financial  Statements  shall be accompanied by an opinion from a public
accounting firm registered with the Public Company  Accounting  Oversight Board,
it being understood that the Audited Financial Statements shall be included with
the Buyer's financial statements in filings by the Buyer with the Securities and
Exchange Commission.

                                   ARTICLE 5.

                       COVENANTS OF BUYER PRIOR TO CLOSING

            SECTION 5.1 REQUIRED APPROVALS. As promptly as practicable after the
date of this  Agreement,  Buyer  shall  obtain all  consents  and  approvals  as
identified  in SCHEDULE  3.3.  Buyer also shall fully  cooperate  with Seller in
obtaining all consents identified in SCHEDULE 2.2(C).

            SECTION 5.2 BEST EFFORTS.  Buyer shall use its best efforts to cause
the conditions in Article 6 and Article 7 to be satisfied.

                                      -16-

                                   ARTICLE 6.

               CONDITIONS PRECEDENT TO BUYER'S OBLIGATION TO CLOSE

            Buyer's  obligation  to  purchase  the  Assets and to take the other
actions  required  to be  taken  by  Buyer  at the  Closing  is  subject  to the
satisfaction,  at or prior to the Closing,  of each of the following  conditions
(any of which may be waived by Buyer, in whole or in part):

            SECTION 6.1 ACCURACY OF  REPRESENTATIONS.  The  representations  and
warranties of Seller,  Fischer and the  Shareholder in this  Agreement  shall be
accurate  in all  material  respects  as of the  Closing  Date as if made on the
Closing Date, except for any changes consented to in writing by Buyer.

            SECTION  6.2  SELLER'S   PERFORMANCE.   All  of  the  covenants  and
obligations  that Seller is  required  to perform or to comply with  pursuant to
this  Agreement at or prior to the Closing  shall have been duly  performed  and
complied with in all material respects.

            SECTION 6.3 CONSENTS. Each of the consents identified in EXHIBIT 6.3
(the "MATERIAL  CONSENTS") must have been obtained and must be in full force and
effect.

            SECTION 6.4  AVAILABILITY  OF  FINANCING.  Buyer and Buyer's  Parent
shall  have  received  financing  in an  amount  sufficient  to  consummate  the
transactions contemplated under this Agreement.

            SECTION  6.5  ADDITIONAL  DOCUMENTS.  Seller  must have  caused  the
documents and instruments required by SECTION 1.7(A) and the following documents
to be delivered (or tendered subject only to Closing) to Buyer:

                 (a) A statement from the holder of each note listed on SCHEDULE
1.4(A)(III),  if any, dated the Closing Date, setting forth the principal amount
then outstanding on the indebtedness represented by such note, the interest rate
thereon,  and a statement to the effect that Seller, as obligor under such note,
is not in default under any of the provisions thereof;

                 (b)  releases of all  Encumbrances  on the  Assets,  other than
Permitted Encumbrances;

                 (c) certificates dated as of a recent date prior to the Closing
as to the good standing of Seller and payment of all  applicable  state Taxes by
Seller,  from  the  appropriate  officials  of the  State of  Delaware  and each
jurisdiction  in which  Seller is  licensed  or  qualified  to do  business as a
foreign corporation as specified in SCHEDULE 2.1; and

                 (d) such other  documents as Buyer may  reasonably  request for
the purpose of (i) evidencing the  satisfaction of any condition  referred to in
this Article 6, or (ii) otherwise  facilitating  the consummation or performance
of any of the Contemplated Transactions.

            SECTION 6.6 NO PROCEEDINGS.  Since the date of this Agreement, there
has not been  commenced or  threatened  proceeding  or action (a)  involving any
challenge to, or seeking damages or other relief in connection  with, any of the

                                      -17-

contemplated transactions, or (b) that may have the effect of preventing, making
illegal,  imposing limitations or conditions on, or otherwise interfering,  with
any of the contemplated transactions.

            SECTION 6.7  GOVERNMENTAL  AUTHORIZATIONS.  Buyer must have received
such Governmental Authorizations as are necessary or desirable to allow Buyer to
operate the Assets from and after the Closing.

            SECTION  6.8  PURCHASE  PRICE  ADJUSTMENT.  If  the  Purchase  Price
Adjustment,  as set forth in SECTION 1.3 of this Agreement is greater than Seven
Hundred  and Fifty  Thousand  Dollars  ($750,000.00),  the Buyer  shall have the
absolute discretion to terminate this Agreement without any further obligations.

                                   ARTICLE 7.

              CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE

            Seller's obligation to sell the Assets and to take the other actions
required to be taken by Seller at the Closing is subject to the satisfaction, at
or prior to the Closing,  of each of the following  conditions (any of which may
be waived by Seller, in whole or in part):

            SECTION   7.1   ACCURACY   OF   REPRESENTATIONS.   All  of   Buyer's
representations  and  warranties  in  this  Agreement  must be  accurate  in all
material respects as of the Closing Date as if made on the Closing Date.

            SECTION  7.2  BUYER'S   PERFORMANCE.   All  of  the   covenants  and
obligations that Buyer is required to perform or to comply with pursuant to this
Agreement at or prior to the Closing must have been  performed and complied with
in all material respects.

            SECTION 7.3 CONSENTS. Each of the Consents identified in EXHIBIT 6.3
must have been obtained and must be in full force and effect.

            SECTION  7.4  ADDITIONAL  DOCUMENTS.  Buyer  must  have  caused  the
documents and instruments required by SECTION 1.7(B) and the following documents
to  be  delivered   (or  tendered   subject  only  to  Closing)  to  Seller  and
Shareholders:

                 (a) an opinion of the Law Offices of Morton S.  Taubman,  dated
the Closing Date, in a form customary for similar transactions; and

                 (b) such other  documents as Seller may reasonably  request for
the purpose of evidencing the satisfaction of any condition  referred to in this
Article 7.

                 (c) NO  INJUNCTION.  There  must  not be in  effect  any  Legal
Requirement or any injunction or other Order that (a) prohibits the consummation

                                      -18-

of the  Contemplated  Transactions,  and (b) has been adopted or issued,  or has
otherwise become effective, since the date of this Agreement.

            SECTION 7.5 PURCHASE PRICE. The cash component of the Purchase Price
to be paid at Closing to Seller,  after  adjustments as provided in SECTION 1.3,
shall be at least  $4,500,000  (inclusive of the amount to be paid to the Escrow
Agent).

                                   ARTICLE 8.

                              ADDITIONAL COVENANTS

            SECTION 8.1 EMPLOYEES AND EMPLOYEE BENEFITS.

                 (a) Effective immediately before the Closing Date, Seller shall
terminate the employment of all of its Employees (the "AVAILABLE EMPLOYEES") and
shall release such Available  Employees  from the provisions of any  restrictive
covenants  and/or  agreements  with Seller with respect to Buyer so as to enable
Buyer to employ such  individuals.  Buyer shall offer  employment  to all of the
Available  Employees following the Closing at the same base salary and incentive
bonus arrangements, and comparable group health insurance and other benefits, as
each such  Available  Employee has with Seller.  (b) It is understood and agreed
that (i) any offer of employment  made by Buyer as referenced in SECTION  8.1(A)
above will not constitute any commitment,  contract or understanding  (expressed
or  implied)  of any  obligation  on the part of Buyer  to a  post-Closing  Date
employment  relationship  of any  fixed  term or  duration  or upon any terms or
conditions  other than those that Buyer may  establish  pursuant  to  individual
offers of employment;  and (ii) employment offered by Buyer is "at will" and may
be terminated  by Buyer or by an employee at anytime for any reason  (subject to
any written commitments to the contrary made by Buyer).

                 (c) Seller will be responsible for (i) the payment of all wages
and other  remuneration  due to its Employees  with respect to their services as
employees of Seller  through the close of business on the Closing Date; and (ii)
the payment of any termination or severance payments and the provision of health
plan   continuation   coverage  in  accordance  with  the  requirements  of  the
Consolidated  Omnibus Budget  Reconciliation Act of 1985 (COBRA), as amended, or
any other  legal  requirement.  Seller  will be liable  for any  claims  made or
incurred by the Employees  and their  beneficiaries  under the Employee  Benefit
Plans, and Buyer will not have any responsibility,  liability or obligation,  to
the Employees or to any other person with respect to any Employee Benefit Plan.

            SECTION  8.2  PAYMENT  OF TAXES  RESULTING  FROM  SALE OF  ASSETS BY
SELLER.  Seller shall pay in a timely manner all taxes (other than income taxes)
imposed  on it  resulting  from or payable  in  connection  with the sale of the
Assets pursuant to this Agreement.

                                      -19-

            SECTION 8.3 PAYMENT OF OTHER  RETAINED  LIABILITIES.  In addition to
payment of taxes  pursuant to SECTION 8.2,  Seller  shall pay, or make  adequate
provision for the payment,  in full of all of the Retained  Liabilities.  If any
such  Retained  Liabilities  are  not so  paid  or  provided  for,  or if  Buyer
reasonably  determines that failure to make any payments will impair Buyer's use
or enjoyment  of the Assets or conduct of the business of the Seller  previously
conducted  using the Assets,  Buyer may at any time after the Closing Date elect
to make all such  payments  directly  or through  the escrow  (but shall have no
obligation to do so) and will be promptly reimbursed therefor by Seller.

            SECTION 8.4 COVENANT NOT TO COMPETE.

                 (a) In consideration of the Purchase Price to be received under
this  Agreement,  Seller agrees that,  for a period of three (3) years after the
Closing Date, it shall not directly or indirectly, do any of the following:

                      (i)  engage  in,  or  invest  in,  own,  manage,  operate,
finance,  control,  be employed by,  associated with or in any manner  connected
with,  or render  services  or advice or other aid to, any person  engaged in or
planning  to  become  engaged  in,  or any  other  business  whose  products  or
activities  compete  in whole or in part with,  the  business  of Buyer,  or any
business  carried  on  by  Buyer  utilizing  the  Assets,  anywhere  within  the
continental United States;

                      (ii) induce or attempt to induce any  employee of Buyer to
leave the employ of Buyer,  in any way interfere with the  relationship  between
Buyer and any employee of Buyer,  or solicit,  offer  employment  to,  otherwise
attempt  to hire,  employ,  or  otherwise  engage  as an  employee,  independent
contractor, or otherwise, any such employee; or

                      (iii)  induce or attempt  to induce any person  that was a
customer,  client or  business  relation of Buyer at any time during the one (1)
year period  preceding the Closing Date to cease doing  business with Buyer,  in
any way interfere  with the  relationship  between Buyer and any such  customer,
client or  business  relation,  or solicit the  business  of any such  customer,
client or business relation.

                 (b) Seller  acknowledges  that all of the foregoing  provisions
are reasonable and are necessary to protect and preserve the value of the Assets
and to prevent any unfair  advantage  being  conferred on Seller.  If any of the
covenants set forth in this SECTION 8.4 are held to be unreasonable,  arbitrary,
or against public policy,  the restrictive  time period herein will be deemed to
be the  longest  period  permissible  by law  under  the  circumstances  and the
restrictive  geographical  area herein  will be deemed to  comprise  the largest
territory permissible by law under the circumstances.

            SECTION 8.5 CUSTOMER  AND OTHER  BUSINESS  RELATIONSHIPS.  After the
Closing,  Seller  shall  cooperate  with Buyer in its  efforts to  continue  and
maintain  for the  benefit  of Buyer  those  business  relationships  of  Seller
existing  prior to the  Closing and  relating to the  business to be operated by
Buyer  after the  Closing,  including  relationships  with  lessors,  employees,
regulatory authorities,  licensors,  customers, suppliers and others, and Seller
will satisfy the Retained  Liabilities  in a manner which is not  detrimental to
any of such relationships.  Seller will refer to Buyer all inquiries relating to

                                      -20-

the Business.  Neither  Seller nor any of its officers or employees,  shall take
any action  which  would  tend to  diminish  the value of the  Assets  after the
Closing or which  would  interfere  with the  business of Buyer to be engaged in
after the Closing.

            SECTION 8.6 RETENTION AND ACCESS TO RECORDS. After the Closing Date,
Buyer  shall  retain  for a period of seven (7) years  those  records  of Seller
delivered to Buyer.  Buyer also shall provide Seller and a representative of the
shareholders  reasonable access thereto,  during normal business hours and on at
least three (3) days' prior written notice,  to enable them to prepare financial
statements  or tax  returns or deal with tax  audits.  After the  Closing  Date,
Seller shall  provide  Buyer and Buyer's  representatives  reasonable  access to
records that are Excluded  Assets,  during normal business hours and on at least
three (3) days'  prior  written  notice,  for any  reasonable  business  purpose
specified by Buyer in such notice.

            SECTION 8.7  UNCOLLECTED  ACCOUNTS  RECEIVABLE.  In the event Seller
indemnifies  Buyer pursuant to SECTION 10.2 for a claim under SECTION 2.20, each
such  accounts  receivable  for which Buyer is  indemnified  shall revert to the
Seller.  Seller shall retain any and all  payments on such  accounts  receivable
received  subsequent  to the date of payment of any claim,  and Seller  shall be
entitled  to take  such  action as it deems  necessary  to seek  collection  and
payment of any such account receivable.

                                   ARTICLE 9.

                                   TERMINATION

            SECTION 9.1 TERMINATION  EVENTS. This Agreement may be terminated by
written  notice  given  prior to or at the  Closing,  subject to SECTION  9.2 as
follows:

                 (a) by Buyer or Seller if a material breach of any provision of
this  Agreement  has been  committed  by the other party and such breach has not
been waived by the non-breaching party;

                 (b) by  Buyer  if any  condition  in  Article  6 has  not  been
satisfied as of the date specified for the Closing; or if satisfaction of such a
condition by such date is or becomes  impossible (other than through the failure
of Buyer to comply with its obligations  under this Agreement),  or the Purchase
Price Adjustment exceeds the Maximum Buyer's Amount, as set forth in SECTION 1.3
of this  Agreement  and Buyer has not waived  such  condition  on or before such
date;

                 (c) by  Seller,  if any  condition  in  Article  7 has not been
satisfied as of the date specified for the Closing or if  satisfaction of such a
condition by such date is or becomes  impossible (other than through the failure
of Seller or the  Shareholders  to comply  with  their  obligations  under  this
Agreement) and Seller has not waived such condition on or before such date;

                 (d) by mutual consent of Buyer and Seller; or

                                      -21-

                 (e) by Buyer or Seller if the  Closing  has not  occurred on or
before June 30,  2005 or such later date as the  parties may agree upon,  unless
the party giving notice of termination is in material breach of this Agreement.

            SECTION 9.2 EFFECT OF TERMINATION. Each party's right of termination
under  SECTION  9.1 is in  addition  to any other  rights it may have under this
Agreement or otherwise,  and the exercise of such right of termination  will not
be an election of remedies.  If the Agreement is terminated  pursuant to SECTION
9.1, all obligations of the parties under this Agreement will terminate,  except
that the  obligations of (a) the parties in this SECTION 9.2 and Article 10; and
(b)  Buyer  in  SECTION  9.3,  will  survive;  PROVIDED,  HOWEVER,  that if this
Agreement  is  terminated   because  of  a  breach  of  this  Agreement  by  the
non-terminating  party  or  because  one  or  more  of  the  conditions  to  the
terminating  party's  obligations  under this  Agreement  is not  satisfied as a
result  of the  party's  failure  to  comply  with its  obligations  under  this
Agreement,  the  terminating  party's  right to pursue all legal  remedies  will
survive such termination unimpaired.

            SECTION  9.3  FINANCING   FEES.  In  the  event  this  Agreement  is
terminated due solely to Buyer failing to accomplish the financing  contemplated
in SECTION 3.5 on or before the Closing  Date,  Buyer shall  immediately  pay to
Seller an  amount in cash  equal to the  total  amount of  third-party  fees and
expenses  directly  incurred  by  Seller  in  connection  with the  transactions
contemplated by this Agreement, including all counsel fees and expenses, and all
audit  and  accounting  fees  and  expenses  incurred  in  connection  with  the
preparation of the Financial Statements, in an amount not to exceed $50,000.

                                  ARTICLE 10.

                                 INDEMNIFICATION

            SECTION 10.1 SURVIVAL. All representations,  warranties,  covenants,
and  obligations  in this  Agreement,  the Schedules  attached  hereto,  and the
certificates delivered pursuant to SECTION 1.7, will survive the Closing and the
consummation   of  the   transactions   contemplated   hereby.   The   right  to
indemnification,  reimbursement,  or other remedy based on such representations,
warranties,  covenants and obligations will not be affected by any investigation
conducted  with  respect  to, or any  knowledge  acquired  (or  capable of being
acquired)  about,  the accuracy or inaccuracy of or  compliance  with,  any such
representation,  warranty,  covenant  or  obligation.  Buyer is not aware of any
facts  or  circumstances  that  would  serve as the  basis  for a claim by Buyer
against  Seller,  Fischer or the  Shareholder  based upon a breach of any of the
representations  and  warranties  of the  Seller,  Fischer  and the  Shareholder
contained in this Agreement or breach by any of Seller's covenants or agreements
to be performed  by any of them at or prior to Closing.  Buyer will be deemed to
have  waived  in  full  any  breach  of  any  of  Seller's,  Fischer's  and  the
Shareholder's   representations  and  warranties  and  any  such  covenants  and
agreements of which Buyer has such awareness at the Closing.

            SECTION 10.2  INDEMNIFICATION  AND REIMBURSEMENT BY SELLER,  FISCHER
AND THE SHAREHOLDER. Seller, Fischer and the Shareholder, jointly and severally,
(with respect to clause (a) below),  and Seller (with respect to clauses (b) and
(c)) shall indemnify and hold harmless Buyer,  and its directors,  stockholders,

                                      -22-

members,  partners,  employees,  representatives and agents  (collectively,  the
"BUYER INDEMNIFIED PERSONS"), and shall reimburse the Buyer Indemnified Persons,
for any loss,  liability,  claim, damage (including incidental and consequential
damages),   or  expense  (including  costs  of  investigation  and  defense  and
reasonable  attorneys' fees and expenses) whether or not involving a third-party
claim (collectively,  "DAMAGES"),  arising,  directly or indirectly,  from or in
connection with:

                 (a)  any  breach  of any  representation  or  warranty  made by
Seller,  Fischer  or the  Shareholder  in this  Agreement,  or the  certificates
delivered pursuant to SECTION 1.7;

                 (b) any breach of any covenant or  obligation of Seller in this
Agreement; and

                 (c) any Retained Liabilities.

            SECTION 10.3 INDEMNIFICATION AND REIMBURSEMENT BY BUYER. Buyer shall
indemnify and hold harmless  Seller and its  directors,  stockholders,  members,
partners,  employees,  representatives  and agents  (collectively,  the  "SELLER
INDEMNIFIED PERSONS") and shall reimburse the Seller Indemnified Persons for any
Damages arising, directly or indirectly, from or in connection with:

                 (a) any breach of any  representation or warranty made by Buyer
in this Agreement or in any certificate or document  delivered by Buyer pursuant
to this Agreement;

                 (b) any breach of any covenant or  obligation  of Buyer in this
Agreement or in any other  document,  writing or  instrument  delivered by Buyer
pursuant to this Agreement; and

                 (c) the Assumed Liabilities.

            SECTION   10.4   LIMITATIONS   ON  AMOUNT  -  SELLER,   FISCHER  AND
SHAREHOLDER.  Seller,  Fischer and the  Shareholder  will have no liability (for
indemnification  or  otherwise)  with  respect to claims under  SECTION  10.2(A)
(other than with respect to claims under SECTION 2.20) until the total amount of
Damages  with  respect to such matters  exceeds  $50,000,  and then only for the
amount by which  such  Damages  exceed  $50,000;  PROVIDED,  HOWEVER,  that this
SECTION  10.4(A) will not apply to any breach of any of Seller's,  Fischer's and
the  Shareholder's  representations  and  warranties  of which  the  Seller  had
knowledge  at any  time  prior  to the date on  which  such  representation  and
warranty is made.  Further,  Seller,  Fischer and the Shareholder  shall have no
liability  for any Damages  after all amounts  paid with respect to claims under
SECTION 10.2 total $50,000 in the aggregate.

                                      -23-

            SECTION 10.5 TIME LIMITATIONS.

                 (a) Seller and the  Shareholders  will have no  indemnification
liability for the breach of any  representation or warranty set forth in Article
2, unless on or before the first anniversary of the Closing Date, Buyer notifies
Seller or the Shareholder of a claim  specifying the factual basis of that claim
in reasonable detail to the extent then known by Buyer; PROVIDED,  HOWEVER, that
any claim with  respect to  SECTION  2.8,  2.10 or 2.11 may be made at any time,
subject to the applicable period of statute of limitations.

                 (b) Buyer will have no indemnification liability for the breach
of any  representation  or warranty  set forth in Article 3, unless on or before
the first  anniversary  of the Closing Date,  Seller  notifies  Buyer of a claim
specifying  the factual basis of that claim in  reasonable  detail to the extent
then known by Seller.

            SECTION 10.6 PROCEDURE FOR INDEMNIFICATION - THIRD PARTY CLAIMS. If,
after the Closing Date, either a Buyer Indemnified  Person or Seller Indemnified
Person,  as  the  case  may  be  (the  "INDEMNITEE"),  receives  notice  of  any
third-party  claim or alleged  third-party  claim asserting the existence of any
matter of a nature as to which the  Indemnitee  is  entitled  to be  indemnified
under  this  Agreement,  the  Indemnitee  shall  promptly  notify  Seller or the
Shareholder,  or Buyer, as the case may be (the  "INDEMNITOR"),  in writing with
respect  thereto,  but the failure to notify the Indemnitor will not relieve the
Indemnitor of any  liability  that it may have to an  Indemnitee,  except to the
extent that the Indemnitor demonstrates that the defense of such action has been
prejudiced by the Indemnitee's  failure to give such notice. The Indemnitor will
have  the  right  to  defend  against  any  such  claim  provided  (a)  that the
Indemnitor,  within ten (10) days after the giving of such notice by Indemnitee,
notifies Indemnitee in writing that (i) Indemnitor disputes such claim and gives
reasons therefor, and (ii) Indemnitor will, at its own cost and expense,  defend
the same, and (b) such defense is instituted and continuously maintained in good
faith by Indemnitor.  Indemnitee may, if it so elects, designate its own counsel
to  participate  with the counsel  selected by Indemnitor in the conduct of such
defense.  Indemnitor  will not  permit  any lien or  execution  to attach to the
assets of Indemnitee as a result of such claim, and the Indemnitor shall provide
such bonds or  deposits  as are  necessary  to prevent  the same.  In any event,
Indemnitor will keep Indemnitee  fully advised as to the status of such defense.
If  Indemnitor  is given  notice  of a claim as  aforesaid  and  fails to notify
Indemnitee  of its  election  to defend  such claim  within the time  prescribed
herein,  or after  having  elected to defend such claim fails to  institute  and
maintain such defense as prescribed  herein,  or if such defense is unsuccessful
then, in any such event,  the  Indemnitor  shall fully satisfy and discharge the
claim  within  ten  (10)  days  after  notice  from  the  Indemnitee  requesting
Indemnitor  to do so. If the  Indemnitor  assumes  the  defense of any action or
proceeding (y) no compromise or settlement of such claims may be effected by the
Indemnitor  without the  Indemnitee's  consent unless (A) there is no finding or
admission of any  violation  of any legal  requirement  or any  violation of the
rights of any person and no effect on any other  claims that may be made against
the Indemnitee,  and (B) the sole relief  provided is monetary  damages that are
paid in full by the  Indemnitor;  and (z) the Indemnitee  will have no liability
with respect to any compromise or settlement of such claims effected without its
consent.

                                      -24-

                 SECTION 10.7 PROCEDURE FOR  INDEMNIFICATION  - OTHER CLAIMS.  A
claim for  indemnification  for any matter not involving a third-party claim may
be asserted by notice to the party from whom indemnification is sought.

                                  ARTICLE 11.

                               GENERAL PROVISIONS

            SECTION 11.1  EXPENSES.  Except as otherwise  expressly  provided in
this Agreement,  each party to this Agreement shall bear its respective expenses
incurred in connection with the preparation,  execution, and performance of this
Agreement  and the  transactions  contemplated  hereby,  including  all fees and
expenses of its representatives.

            SECTION 11.2  NOTICES.  All notices,  consents,  waivers,  and other
communications  under this  Agreement  must be in writing  and will be deemed to
have been duly given when (a)  delivered by hand (with written  confirmation  of
receipt),  (b)  sent by  facsimile  with  confirmation  of  transmission  by the
transmitting  equipment,  (c)  received by the  addressee,  if sent by certified
mail,  return  receipt  requested,  (d) sent by email;  or (e)  received  by the
addressee,  if sent by a nationally  recognized  overnight delivery service,  in
each case to the appropriate  addresses or facsimile numbers set forth below (or
to such other addresses or facsimile  numbers as a party may designate by notice
to the other parties):

                  Buyer:                   GlobalOptions, Inc.
                                           75 Rockefeller Plaza, 27th Floor
                                           New York, NY  10019
                                           Attn:  Jeff Nyweide
                                           Fax:  212-445-0054
                                           Email:  jnyweide@globaloptions.com

                  with a copy to:          Morton S. Taubman, Esq.
                                           1201 15th Street, N.W., Second Floor
                                           Washington, D.C.  20005
                                           Fax:  202-659-2679
                                           Email:  mtaubman@isiwdc.com

                  Seller, Fischer          Confidential Business Resources, Inc.
                  or Shareholder:          40 Burton Hills Boulevard, Suite 410
                                           Nashville, TN  37215
                                           Attn:  Halsey R. Fischer
                                           Fax:  615-665-1503
            `                              Email:  hfischer@cbrweb.com

                                      -25-

                  with a copy to:          Donald I.N. McKenzie, Esq.
                                           2000 Richard Jones Road, Suite 260
                                           Nashville, TN  37215
                                           Fax:  615-297-7040
                                           Email: dmckenzie@dmckenzielaw.com

            SECTION  11.3  JURISDICTION.  The  parties  agree that the state and
federal courts located in Davidson County, Tennessee, will be the sole venue and
will  have  sole  jurisdiction  for  the  resolution  of  all  disputes  arising
hereunder.  Process in any action or  proceeding  referred  to in the  preceding
sentence may be served on any party anywhere in the world.

            SECTION  11.4  WAIVER.  No  failure  to  exercise,  and no  delay in
exercising,  on the part of either party,  any right hereunder will operate as a
waiver thereof,  nor will any single or partial  exercise of any right hereunder
preclude further exercise of any other right hereunder.

            SECTION 11.5 ENTIRE  AGREEMENT  AND  MODIFICATION.  This  Agreement,
together with the  Confidentiality  Agreement  dated as of July 19, 2004 between
Seller  and Buyer and the  Schedules,  Exhibits  and other  documents  delivered
pursuant to this  Agreement,  constitutes a complete and exclusive  statement of
the terms of the  agreement  between  the  parties  with  respect to its subject
matter and supersedes all prior agreements, whether written or oral, between the
parties with respect to its subject  matter.  This  Agreement may not be amended
except by a written agreement signed on behalf of each of the parties hereto.

            SECTION 11.6 ASSIGNMENTS,  SUCCESSORS, AND NO THIRD-PARTY RIGHTS. No
party may assign any of its rights or delegate any of its obligations under this
Agreement  without the prior written  consent of the other parties,  except that
Buyer may assign any of its rights and  delegate  any of its  obligations  under
this  Agreement (i) to any affiliate of Buyer,  and (ii) in connection  with the
sale of all or substantially  all of the assets of Buyer,  provided that no such
assignment  or  delegation  will  relieve  Buyer  from  any of  its  obligations
hereunder.  Subject to the preceding sentence,  this Agreement will apply to, be
binding in all respects  upon,  and inure to the benefit of the  successors  and
permitted assigns of the parties. Nothing in this Agreement will be construed to
give any person other than the parties to this  Agreement any legal or equitable
right  under  or  with  respect  to  this  Agreement  or any  provision  of this
Agreement,  except  such  rights  as shall  inure to a  successor  or  permitted
assignee pursuant to this SECTION 11.6.

            SECTION 11.7  SEVERABILITY.  If any  provision of this  Agreement is
held invalid or unenforceable by any court of competent jurisdiction,  the other
provisions of this Agreement  will remain in full force and effect.  The parties
agree that if any provision  contained herein is, to any extent, held invalid or
unenforceable in any respect under the laws governing this Agreement, they shall
take any actions necessary to render the remaining  provisions of this Agreement
valid and enforceable to the fullest extent  permitted by law and, to the extent
necessary,  shall  amend or  otherwise  modify  this  Agreement  to replace  any
provision  contained herein that is held invalid or  unenforceable  with a valid
and enforceable provision giving effect to the intent of the parties.

            SECTION  11.8  SECTION  HEADINGS,   CONSTRUCTION.  The  headings  of
Articles and Sections in this  Agreement are provided for  convenience  only and
will not affect its construction or  interpretation.  All Exhibits and Schedules
to this Agreement are incorporated  into and constitute an integral part of this
Agreement as if fully set forth herein. All words used in this Agreement will be

                                      -26-

construed to be of such gender or number as the context  requires.  The language
used in the Agreement  shall be construed,  in all cases,  according to its fair
meaning,  and not for or against any party hereto. The parties  acknowledge that
each party has reviewed  this  Agreement and that rules of  construction  to the
effect that any ambiguities  are to be resolved  against the drafting party will
not be available in the interpretation of this Agreement.

            SECTION 11.9  GOVERNING  LAW. This Agreement will be governed by and
construed  under the laws of the State of Tennessee  without regard to conflicts
of laws principles that would require the application of any other law.

            SECTION 11.10 COUNTERPARTS. This Agreement may be executed in one or
more  counterparts,  each of which will be deemed to be an original copy of this
Agreement and all of which,  when taken  together,  will be deemed to constitute
one and the same agreement.

            SECTION  11.11  FURTHER  ASSURANCES.  The  parties  shall  cooperate
reasonably  with  each  other  and  with  their  respective  representatives  in
connection  with any  steps  required  to be  taken as part of their  respective
obligations  under this  Agreement,  and the parties  agree (a) to furnish  upon
request to each other such  further  information,  (b) to execute and deliver to
each other such other documents,  and (c) to do such other acts and things,  all
as the other party may  reasonably  request for the purpose of carrying  out the
intent of this Agreement and the transactions contemplated hereby.

            SECTION  11.12 LEGAL FEES. In the event that legal  proceedings  are
commenced by Buyer against  Seller,  or by Seller against  Buyer,  in connection
with  this  Agreement  or the  transactions  contemplated  hereby,  the party or
parties  that  do not  prevail  in such  proceedings  shall  pay the  reasonable
attorneys'  fees  and  expenses   incurred  by  the  prevailing  party  in  such
proceedings.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -27-

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

                                           BUYER:

                                           GLOBALOPTIONS, INC.

                                           By:     /s/ Harvey W. Schiller
                                              ----------------------------------
                                           Name:   Harvey W. Schiller
                                                 -------------------------------
                                           Its:    Chairman
                                                --------------------------------

                                           SELLER:

                                           CONFIDENTIAL BUSINESS RESOURCES, INC.

                                           By:     /s/ Halsey R. Fischer
                                               ---------------------------------
                                                   Halsey R. Fischer, President

                                                   /s/ Halsey R. Fischer
                                           -------------------------------------
                                                   Halsey R. Fischer

                                           FISCHER & ASSOCIATES, INC.

                                           By:     /s/ Halsey R. Fischer
                                                   -----------------------------
                                                   Halsey R. Fischer, President

                            ASSET PURCHASE AGREEMENT
                                 SIGNATURE PAGE

                                      -28-

                       LIST OF ANNEXES/EXHIBITS/SCHEDULES

ANNEXES
Annex A                 -           Permitted Encumbrances

EXHIBITS
Exhibit 1.3             -           Form of Closing Date Statement
Exhibit 1.5             -           Allocation of Purchase Price
Exhibit 1.7(a)(v)       -           Form of Escrow Agreement
Exhibit 1.7(a)(vi)      -           Form of Employment Contract
Exhibit 6.3             -           Material Consents

SELLER'S SCHEDULES
Schedule 1.4(a)(iii)    -           Certain Liabilities of Seller
Schedule 2.1            -           Foreign Qualifications
Schedule 2.2(c)         -           Consents; Non-material Contracts
Schedule 2.4            -           Financial Statements
Schedule 2.6            -           Description of Leased Real Property
Schedule 2.7(a)         -           Personal Property
Schedule 2.7(b)         -           Tangible Personal Property
Schedule 2.8            -           Taxes
Schedule 2.9            -           Employees
Schedule 2.10           -           Employee Benefit Plans
Schedule 2.11(a)        -           Legal Requirements
Schedule 2.11(b)        -           Governmental Authorizations
Schedule 2.12(a)        -           Legal Proceedings
Schedule 2.13           -           Insurance
Schedule 2.14           -           Seller Contracts
Schedule 2.15           -           Intellectual Property Assets
Schedule 2.16           -           Relationship with Related Persons
Schedule 2.17           -           Undisclosed Liabilities
Schedule 2.20           -           Accounts Receivable
Schedule 2.23           -           Bank Accounts
Schedule 2.24           -           Prepayments and Deposits

BUYER'S SCHEDULES
Schedule 3.3            -           Consents and Approvals

                                     ANNEX A

                             PERMITTED ENCUMBRANCES

1.   Security interest and lien in all the Company's assets,  including accounts
     receivable, granted to SunTrust Bank.

2.   Purchase  money  security  interests  with  respect to  Cadillac  and Dodge
     Caravan.

                                                                     EXHIBIT 1.3

                                     FORM OF
                             CLOSING DATE STATEMENT

       As of the close of business on [DAY BEFORE THE CLOSING DATE]:

       CURRENT ASSETS:

                   Accounts Receivable ("AR")             $
                   Cash                                   $
                   Advances and Prepaid          $_________

       Total Current Assets:                              $

       LESS CURRENT LIABILITIES:

                   Seller's Bank Line of Credit           $
                   Accounts Payable                       $
                   Accrued Expenses              $_________

       Total Current Liabilities:                $_________

       Purchase Price Adjustment                 $_________

                                   EXHIBIT 1.5

                            PURCHASE PRICE ALLOCATION

Class I Assets:                                                   $   12,000*
    Cash and General Deposits

    Class II Assets:                                                     None

Class III Assets:                                                 $1,410,000*

Class IV Assets:                                                         None

Class V Assets:                                                   $  285,000*

Class VI Assets:                                                  $__________
    Section 197 Intangibles except Goodwill and Going Concern Value

Class VII Assets:                                                 $3,000,000*
    Goodwill and Going Concern Value

*All subject to change based on final numbers at Closing.

                                   EXHIBIT 6.3

                                MATERIAL CONSENTS

1.   Massey Burch Venture Fund II, L.P.  pursuant to the  Investor's  Agreement,
     dated as of June 14, 2002.

2.   SunTrust Bank, pursuant to the Seller's bank line of credit.

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