Document:

Exhibit 10.1

                              EMPLOYMENT AGREEMENT

I.   This agreement is executed this 1st day of July, 2005 and made effective as
     of May 17, 2005 ("Effective Date"), between Schimatic Cash Transactions
     Network.com, Inc., a Florida corporation ("Employer" or "Company" or
     "SCTN"), dba Smart Chip Technologies, and Verlo Howell ("Howell" or
     "Employee") and (collectively the "Parties").

II.  RECITALS

     A.   Employer is a Florida corporation, the principal business of which is
          computer software solutions with particular expertise in Smart Card
          Loyalty programs.

     B.   Employer's current Administrative Office ("Corporate Office") is
          located at 330 E. Warm Springs Rd., Las Vegas, NV 89119.

     C.   It is anticipated that Howell will play a key role in the
          administrative, financial and marketing areas of the company because
          of his knowledge, experience and achievement in previous companies
          similar in nature.

     D.   Company desires to employ Howell in this capacity, and is therefore
          entering this Employment Agreement for Howell to serve as Executive
          Vice-President reporting to the CEO, with full responsibility for all
          areas of Finance, Administration, Sales, Marketing and Business
          Development.

     The Parties wish to enter into a written agreement to memorialize the terms
     of Employee's employment by the Employer.

III. AGREEMENT.

     In consideration of the employment of Howell by the Employer and other good
     and valuable consideration, the parties hereto agree as follows:

     A.   Employment. The Employer agrees to employ Howell in the capacity as
          described above and as a Director on the Board of Directors on the
          terms set forth herein. Howell accepts such employment and agrees to
          work full time and use his best efforts in performing services for the
          Employer.

VAH________                       Page 1 of 9                      SCTN________

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                       Howell Employment Agreement (Cont.)
                       -----------------------------------

     B.   Inventions. Employee shall promptly disclose to the company any and
          all inventions, discoveries, developments, improvements, machines,
          appliances, processes, software, firmware, products, or the like
          whether patentable or not, which are related to the Company's business
          (all of which are referred to herein as "inventions") which Employee
          may invent, conceive, produce, or reduce to practice, either solely or
          jointly with others, at any time (whether or not during working hours)
          during the period of employment. All such inventions which in any way
          relate to the goods, materials, or services developed, produced, used
          or sold by the Company or any of it's subsidiaries shall at all times
          and for all purposes be regarded as acquired and held by Employee in a
          fiduciary capacity for, and solely for the benefit of the Company. No
          termination of employment or of this agreement shall release Employee
          or the Employee's heirs or legal representatives from the foregoing
          obligations as to such inventions.

     C.   Terms & Salary. Employee's current salary will be two hundred twenty
          five thousand dollars ($225,000) per year, subject to partial
          deferment as described below. Employee will be given regular reviews
          and, subject to employee's continued performance of duties, employee
          will be given raises, bonuses, and additional compensation, if
          recommended or warranted, as approved by the company's Board of
          Directors, in addition to any other compensation already due. Except
          as provided herein, the term of this Agreement shall be for a period
          of three (3) years commencing on the Effective Date, and will
          automatically renew for two (2) one (1) year periods unless notified
          in writing by the employer within sixty (60) days prior to the
          employee contract expiration date that his services are no longer
          required.

     D.   Full and the Partial Salary Deferment. For the first six months of
          Howell's Employment Contract, Howell agrees to defer 100% of his
          salary unless during such time the Company has received sufficient
          funding, or begins to receive revenues, adequate to support its
          on-going operation. For the next six months of Howell's Employment
          Contract, Howell agrees to defer 80% of his salary unless during such
          time the Company has received sufficient funding, or begins to receive
          revenues, adequate to support its on-going operation. After 12 months,
          for a period of up to 12 months unless otherwise agreed to by Howell
          in writing to continue deferment of salary until the end of the
          Employment Agreement or unless during such time the Company has
          received sufficient funding, or begins to receive revenues, adequate

VAH________                       Page 2 of 9                      SCTN________

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                       Howell Employment Agreement (Cont.)
                       -----------------------------------

          to support its on-going operation, Howell agrees to defer 60% of his
          salary. At any point in time, any and all deferred salary may be
          converted to Company 144 stock at the rate of five cents ($.05) per
          share, at Howell's option. Howell will be granted one million
          (1,000,000) shares of stock as a signing bonus, and will earn an
          additional two million (2,000,000) shares on the anniversary of this
          Agreement for each of the next three (3) years.

     E.   Place of Work. At the present time, the Company intends to maintain
          its Product Development and back office operations in Toronto, Canada,
          Operations Office in Sandy, Utah, and its Administrative Office at 330
          East Warm Springs Road. Employee's principal place of business shall
          be his home office. Notwithstanding the foregoing, Employee agrees to
          travel, as deemed necessary, to the Company's Product Development,
          Operations or Administrative Office and any other locations necessary
          for the fulfillment of his duties. The expenses associated with such
          travel shall be reimbursed by the Company. The Company agrees to
          reimburse Employee for all approved travel, lodging and associated
          expenses during the term of this Agreement:

     F.   Benefits.

          1.   Fringe Benefits. Howell shall be entitled to and shall receive
               all benefits of employment generally available to other
               executives of the Employer, including, without limitation,
               participation in the following as cash flow dictates:

               a.   Group Health, Dental and Life Insurance. Howell will be
                    eligible to participate in such group health, dental and
                    life insurance plans, which the Employer may keep in effect
                    during the Term, subject to the terms of any such plans.

               b.   Long Term Disability. Howell will be eligible to participate
                    in such long term disability plans which the Employer may
                    keep in effect during the Term, and for 12 months
                    thereafter, subject to the terms of any such plan.

               c.   Travel Expenses. Employer shall reimburse Howell for all
                    reasonable business travel expenses including:
                    transportation and lodging for commuting to the Company's

VAH________                       Page 3 of 9                      SCTN________

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                       Howell Employment Agreement (Cont.)
                       -----------------------------------

                    Product Development Office in Canada, Operations Office in
                    Utah, Administrative Office in Nevada or anywhere to which
                    they may be relocated and travel to Customer locations.

               d.   Business Expenses. The Employer shall pay the actual and
                    normal expenses incurred by Howell for the benefit of the
                    Employer in performing his duties as described above in
                    accordance with the Employer's expense reimbursement policy,
                    as adopted from time to time. At the option of Employee, any
                    portion of any expenses due to Employee remaining unpaid
                    after thirty (30) days from when it was submitted for
                    reimbursement, may be converted to stock as follows: the
                    number of 144 restricted shares will be calculated at 5
                    cents ($.05) per share, divided into the amount due.

               e.   Vacation. Howell shall be entitled to vacation benefits in
                    accordance with the employer's vacation policy, as currently
                    stated or as increased in the future, at the maximum level
                    of accrued and unused vacation benefits which Employer's
                    executives or employees are permitted to accrue in
                    accordance with the Employer's personnel policies.

               f.   Sick Leave/Personal Leave. Howell shall be entitled to sick
                    leave and personal leave benefits in accordance with the
                    Employer's personnel policies, as adopted from time to time.

               g.   Accrual Year. Any of the benefits provided under this
                    Agreement or under Employer's personnel policies generally
                    which are accrued on a "per year" basis, are deemed to
                    accrue during each of Employer's fiscal years in accordance
                    with Employer's personnel policies applicable to its
                    employees generally. Any benefits accruing from the
                    Effective Date of hire through the end of the current fiscal
                    year will be prorated for such year.

          2.   Indemnity. Employer shall indemnify Howell to the maximum extent
               permissible under law as an agent, Director, and Officer for acts
               taken by him during the Term on behalf of Employer provided such
               acts are taken in good faith and in what is in the best interest
               of Employer.

VAH________                       Page 4 of 9                      SCTN________

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                       Howell Employment Agreement (Cont.)
                       -----------------------------------

          3.   Directors' and Officers' Insurance. Employer agrees to obtain and
               maintain, as soon as it is financially feasible, a policy of
               directors and officers insurance covering Employee's acts as a
               Director or Officer, as the case may be and as may be limited by
               the terms of any such insurance policy, in a face amount of no
               less than ONE MILLION DOLLARS ($1,000,000.00).

          4.   Termination.

               a.   Termination as a result of a change of control or for good
                    cause. This Agreement is terminable prior to the expiration
                    of the Term, in the manner and to the extent set forth in
                    this section 4.

               b.   Death, Disability or Resignation During Term. This Agreement
                    shall automatically terminate upon the death of Employee or
                    Employee's voluntary resignation during the Term. The
                    Employer or Employee may terminate this Agreement upon
                    reasonable determination of Employee's total disability. As
                    used herein, total disability means Employee's inability to
                    perform his normal and usual duties as described herein, due
                    to physical disability or physical or mental illness for a
                    period of ninety (90) consecutive calendar days.

               c.   Termination for Cause. The Employer may terminate this
                    Agreement immediately, and except as otherwise set forth
                    below, without prior notice, for "Cause" which shall mean:

                    i.   Employee's excessive use of alcohol or illegal drug
                         abuse;

                    ii.  Any material dishonest act by Howell relating to the
                         Employer's business;

                    iii. Any intentional act by Howell that would be materially
                         detrimental to the business or reputation of the
                         Employer;

                    iv.  Employee's rendering any services to a firm or entity
                         which does business in a field competitive with the
                         business of Employer except as may be expressly
                         authorized in writing pursuant by the Board, or

VAH________                       Page 5 of 9                      SCTN________

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                       Howell Employment Agreement (Cont.)
                       -----------------------------------

                    v.   Employee's substantial failure to perform the material
                         services contemplated by this Agreement, it being
                         understood and agreed that the Employer must give
                         Howell notice of such failure by the Employer and not
                         less than one hundred eighty (180) days with in which
                         to cure such failure before invoking the provisions of
                         this subparagraph v. in terminating Employee.

               d.   Without Cause. The Employer may terminate this Agreement
                    during the Term without Cause upon giving one hundred eighty
                    (180) days prior written notice of such termination.

          5.   Severance Pay. If Employee's employment terminates due to his
               death, disability or by Employer notice without cause as
               described in Section 4 above at any time prior to the Term,
               Employer will pay to Howell or his legal designee(s), an amount
               equal to his annual Base Salary ("Severance Pay and will
               immediately pay all outstanding expenses and loans due to Howell
               from the Company if there are sufficient funds to pay these
               items; otherwise, these expenses and loans will be paid out over
               a twelve (12) month period and will earn a fifteen percent (15%)
               annual rate of interest until fully paid.

          6.   No Severance Pay upon Resignation. It is expressly understood and
               agreed that Howell (or his personal representative, as the case
               may be) shall not be entitled to any Severance Pay if he resigns
               during the Term, but will immediately be paid all outstanding
               expenses and loans due from the Company if sufficient funds are
               available to pay these items; otherwise, these outstanding
               expenses and loans will be paid out over a twelve (12) month
               period and will earn a fifteen percent (15%) annual rate of
               interest until fully paid. At the option of Employee, all or any
               portion of these expenses or loans may be converted to stock as
               follows: the number of 144 restricted shares will be calculated
               at 5 cents ($.05) per share, divided into the amount due.

          7.   Manner of Payment of Severance Pay. Any Severance Pay hereunder
               will be paid at such intervals and in the manner dictated by the
               Employer's normal pay practices.

VAH________                       Page 6 of 9                      SCTN________

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                       Howell Employment Agreement (Cont.)
                       -----------------------------------

          8.   Notice of Termination. The Employer shall give Howell notice of
               the termination of this Agreement pursuant to sub-section b-d of
               Section 4 and, except as otherwise provided herein, the
               termination of this Agreement shall be effective upon the giving
               of such notice. Company will immediately pay all outstanding
               expenses and loans due to Howell from the Company, as described
               above.

          9.   Change of Control. As used in this section, the term "change of
               control" means and refers to:

               a.   Any merger, consolidation, or sale of the Company such that
                    any individual, entity or group (within the meaning of
                    section 13 (d) (3) or 14 (d) (2) of the Securities Exchange
                    Act of 1934, as amended (the "Exchange Act") acquires
                    beneficial ownership, within the meaning of Rule 13d-3 of
                    the Exchange Act, of 20 percent or more of the voting common
                    stock of the Company or its subsidiary

               b.   Any transaction in which the Company sells all or
                    substantially all of its assets;

               c.   A dissolution or liquidation of the Company; or

               d.   The Company becomes a non-publicly held company.

               e.   A "change of control" as used in this section does not
                    include a direct capital investment in the company or a
                    conversion of outstanding debt.

               At the option of Employee, this agreement will continue in full
               effect with, and be binding upon, any successor organization
               following a Change of Control.

IV.  Integration. This Agreement contains the entire agreement between the
     parties and supersedes all prior oral and written agreements,
     understandings, commitments and practices between the parties, including,
     without limitation, all prior employment agreements, whether or not fully
     performed before the date of this Agreement. No amendments to this
     Agreement may be made except by a writing signed by both parties.

V.   Arbitration. Any controversy or claim arising out of or relating to this
     agreement, or breach of this agreement, shall be settled by binding
     arbitration in accordance with the Commercial Arbitration Rules of the
     American Arbitration Association and judgment on the award rendered by the
     arbitrators may be entered in any court having jurisdiction. Within five
     (5) business days after a demand has been made to arbitrate a dispute, the

VAH________                       Page 7 of 9                      SCTN________

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                       Howell Employment Agreement (Cont.)
                       -----------------------------------

     parties will meet and attempt to agree on a single arbitrator. If the
     parties are unable to agree on a single arbitrator, then each party shall,
     before the expiration of such five (5) day period, designate an arbitrator.
     Within (30) additional business days thereafter, the two arbitrators shall
     select a third arbitrator. If for any reason they cannot agree on a third
     arbitrator, they may apply to the Utah Superior Court for the name of a
     neutral party. The three arbitrators shall hear all the evidence, and a
     majority vote shall set the award of the arbitrators. Each party shall pay
     the fees of the arbitrator he or it selects and of his or its own
     attorneys, and the expenses of his or its witnesses and all other expenses
     connected with presenting his or its case. Other costs of the arbitration,
     including the cost of any record or transcripts of the arbitration,
     administrative fees, the fee of the third arbitrator, and all other fees
     and costs, shall be borne equally by the parties. Notwithstanding the
     foregoing, the arbitrators may award reasonable attorneys' fees and costs
     to the prevailing party in their award.

VI.  Litigation. In the event legal action or arbitration is brought to enforce
     any of the provisions of this Agreement or for any breach thereof,
     reasonable attorneys' fees and costs shall be awarded to the prevailing
     party or parties in said action. All legal action is to take place in Salt
     Lake City, Utah or such other city where the Employee maintains residence.

VII. Notices. Any notice given pursuant to this Agreement must be sent by United
     States Certified Mail (postage prepaid) and shall be deemed given on dates
     on which the envelope or envelopes containing such notices are deposited in
     the United States Mail. The Addresses of the parties to be used for the
     giving of notices shall be as set forth on the signature page of the
     Agreement. The parties hereto may change the addresses to which notices to
     them may be sent by giving written notice thereof in accordance with this
     paragraph.

VIII. Severability of Provision. If any provision of this Agreement is invalid
     or illegal, the other provision shall nevertheless remain in full force and
     affect.

IX.  Controlling Law. This Agreement is entered into in the State of Utah and
     shall be interpreted and controlled by the laws of the State of Utah or
     such other state where Employee maintains residence, at the option of
     Employee.

VAH________                       Page 8 of 9                      SCTN________

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                       Howell Employment Agreement (Cont.)
                       -----------------------------------

X.   Successors. The Agreement shall be binding on and shall inure to the
     benefit of the parties to it and their respective successors and assigns.
     This employment contract supercedes any other outstanding Agreement between
     the two parties that may have been executed prior to this date.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
July 1st, 2005.

     Employer:   SCTN                         Employee:   Verlo Howell

      330 E. Warm Springs Rd,                  500 Spring Creek Road
      Las Vegas, NV 89119,                     Providence, Utah 84332

     By:/s/ David J. Simon                    By:/s/ Verlo Howell
        ------------------------------           ------------------------------
        David J. Simon, Chairman /CEO         Verlo Howell, Executive
                                              Vice-President

VAH________                       Page 9 of 9                      SCTN________Exhibit 10.1

                                LICENSE AGREEMENT

     This LICENSE AGREEMENT (this "Agreement") is entered into and made
effective as of the __6th___ day of ______April_______, 2006, by and between
SCHIMATIC CASH TRANSACTIONS NETWORK.COM INC. d/b/a SMART CHIP TECHNOLOGIES, a
Florida corporation ("SCTN"), and PHOENIX TECHNOLOGY HOLDING INCORPORATED, a TCI
company ("Phoenix").

                                    RECITALS

     WHEREAS, SCTN has developed and is the sole and exclusive owner of certain
technologies related to incentive rewards, including intellectual property
rights, patents, software, business processes, copyrights, trademarks, and
services associated with the technologies, (the "Technology");

     WHEREAS, SCTN has the power and authority to grant the right, privilege,
and license to use, reproduce, manufacture, distribute, sell, and otherwise
commercially exploit the Technology;

     WHEREAS, SCTN is not current on filings with the United States Securities
and Exchange Commission (the "SEC");

     WHEREAS, SCTN has an authorized share limit of 200,000,000 shares and has
over 300,000,000 committed shares;

     WHEREAS, SCTN has debt of approximately One Million Dollars ($1,000,000) to
the United States Internal Revenue Service (the "IRS") for unpaid taxes;

     WHEREAS, SCTN has debt of approximately Four Million Five Hundred Thousand
Dollars ($4,500,000) to Airos Group for development services rendered to make
the Technology commercially deployable;

     WHEREAS, SCTN has debt of approximately Four Million Dollars ($4,000,000)
to secure note holders for monies the note holders have invested in SCTN;

     WHEREAS, SCTN has debt of approximately Five Hundred Thousand Dollars
($500,000) to SCTN ex-employees for accrued salaries and expenses;

     WHEREAS, SCTN has debt of approximately Two Million Five Hundred Thousand
Dollars ($2,500,000) for SCTN ex-officers past debts, severance and other
issues;

     WHEREAS, SCTN has debt of approximately One Million Dollars ($1,000,000)
owed to IBM for development of the Kid's Card program which commercially failed;

     WHEREAS, SCTN has debt of approximately Five Hundred Thousand Dollars
($500,000) to Kruse Landa Maycock & Ricks, LLC for legal services;

     WHEREAS, SCTN has debt of approximately One Million Dollars ($1,000,000)
for other services related to SCTN operations;

     WHEREAS, SCTN has experienced significant dilution caused by its
outstanding debt;

     WHEREAS, SCTN has significant conversion rights caused by its outstanding
debt;

                                      -1-
<PAGE>

     WHEREAS, SCTN has deployed the Technology;

     WHEREAS, SCTN has only received trace revenues for the Technology until the
signing of this Agreement;

     WHEREAS, SCTN is unable to raise significant capital externally;

     WHEREAS, hosting costs for the SCTN system are approximately Twenty
Thousand Dollars ($20,000) per month;

     WHEREAS, development fees for the SCTN system have been approximately
Twenty Thousand Dollars ($20,000) to Two Hundred Thousand Dollars ($200,000) per
month during the past 12 months;

     WHEREAS, SCTN has due diligence issues with potential clients;

     WHEREAS, SCTN does not currently have the funds to maintain the
intellectual property escrow;

     WHEREAS, SCTN is currently engaged in several lawsuits;

     WHEREAS, SCTN has been technically insolvent for over three (3) years;

     WHEREAS, through interest on its debt, Airos Group would likely have Fifty
One Percent (51%) control of SCTN in 2007;

     WHEREAS, SCTN has potential liabilities that are currently unknown to the
SCTN Board of Directors, including liabilities from IC One and SCTN;

     WHEREAS, SCTN cannot afford to pay for director's liability insurance;

     WHEREAS, Miki Radivojsa, Bernard McHale, and David Simon are officers of
SCTN;

     WHEREAS, Miki Radivojsa, Bernard McHale, and David Simon may have a direct
or indirect interest in Phoenix or Phoenix licensees including officer status,
employment status, and shareholder status;

     WHEREAS, SCTN has been primarily funded by Bernard McHale, Miki Radivojsa,
David Simon and Airos Group in the last several years

     WHEREAS, SCTN is being primarily funded by Bernard McHale, Miki Radivojsa,
and Airos Group at the time of entering into this Agreement;

     WHEREAS, Phoenix desires to obtain an exclusive license to use, reproduce,
manufacture, distribute, sell, and otherwise commercially exploit the
Technology; and

     WHEREAS, SCTN agrees to license the Technology to Phoenix, and Phoenix
agrees to license the Technology from SCTN, on the terms and conditions listed
below.

     NOW, THEREFORE, in consideration of the premises, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties hereby agree as follows:

                                      -2-
<PAGE>

                                    AGREEMENT

     1.   License. The above recitals are hereby incorporated by reference.
Subject to the terms of this Agreement, SCTN grants to Phoenix an exclusive
license to use and commercially exploit the Technology. Phoenix shall have the
right under this Agreement to sub-license the Technology to third-parties,
subject to the terms of this Agreement.

     2.   Obligations of SCTN. SCTN agrees to perform the following obligations
under the terms of this Agreement:

     a.   SCTN will maintain its corporate status, and pay any and all costs
          related to the administration of its governance and business.

     b.   SCTN will provide use and access to Phoenix of all SCTN trademarks,
          trade names, and logos to utilize in conjunction with the license
          granted under this Agreement.

     c.   SCTN will, to the extent necessary, assist in facilitating any
          sub-licensing of the Technology by Phoenix to third-parties.

     d.   SCTN will be responsible for any and all interest accrued on any new
          debt incurred under this Agreement, excluding any existing SCTN debt
          assumed by Phoenix under this Agreement.

     e.   Upon entering this Agreement, SCTN will transfer to Phoenix the names
          and contact information of any potential customers that SCTN is
          currently in negotiations with, or has previously been in negotiations
          with, concerning the licensing of the Technology.

     3.   Obligations of Phoenix. In addition to the fees and other obligations
imposed upon Phoenix under the terms of this Agreement, Phoenix agrees to
perform the following obligations:

     a.   Phoenix will completely fund its own costs of the use, reproduction,
          manufacture, distribution, sales, and any other commercial
          exploitation of the Technology.

     b.   Upon entering into this Agreement, Phoenix will assume a certain
          portion of the SCTN debt consisting of Airos invoiced debt, SCTN note
          holder debt, SCTN accrued salary debt, as well as any other debt that
          will be mutually agreed to by the Parties in writing.

     c.   Phoenix will waive any debt assumed under this Agreement after
          generation and payment of fees to SCTN in excess of Ten Million
          Dollars.

     4.   Ownership of the Intellectual Property. Phoenix acknowledges that SCTN
is the owner of the Technology, including all subsequent enhancements,
alterations, changes and/or modifications to the Technology, whether made by
SCTN or Phoenix. In order to clearly define ownership in any development
project, SCTN and Phoenix will agree which changes are owned by SCTN and which
changes are to be owned by Phoenix .If the parties do not agree then any
modifications not specifically commissioned and paid for by SCTN will belong to
Phoenix. . ,..Also, there may be other technologies and products that have no
relationship to the core SCTN technology and Phoenix will hold and maintain sole
ownership of these technologies and these products. Except as prohibited by law,

                                      -3-
<PAGE>

Phoenix agrees that it will do nothing inconsistent with such ownership either
during the term of this Agreement or afterwards. Phoenix acknowledges that the
Technology is valid under the applicable law and that its use and commercial
exploitation of the Technology will not create any right, title or interest in
the Intellectual Property in Phoenix. SCTN acknowledges that Phoenix will remain
the exclusive licensor of the Technology, so long as Phoenix meets the
requirements under Section 7 of this Agreement. The Parties agree to cooperate
and assist one another in complying with any formalities of local laws, such as
license recordation. In the event that SCTN elects or is forced to enter into
chapter seven (7) or chapter eleven (11) bankruptcy proceedings, the ownership
of the Intellectual Property will transfer to Phoenix.

     5.   Indemnification and Limitation on Liability. SCTN and Phoenix agree to
mutually defend, indemnify and hold each other harmless from any claims from
their respective intellectual property. Intellectual property infringements and
costs are to be attributed to the infringer's of the intellectual property based
on any use or commercial exploitation of the Technology. THE ABOVE LIMITATIONS
OR EXCLUSIONS MAY NOT BE ALLOWED BY ALL JURISDICTIONS.

     6.   Revenue Fees. In payment for the license granted under this Agreement,
on a quarterly basis Phoenix shall pay to SCTN the following percentages from
the following streams related to the Technology (the "Quarterly Payment"):

     a.   Sub-Licensing of the Technology: ten percent (10%);

     b.   Professional Services (including Core Development, Customization,
          Hosting, and Helpdesk): five percent (5%);

     c.   Transactions: twenty percent (20%);

     d.   Licensing/Sub-Licensing of Regional Operating Companies formed by
          Phoenix for Phoenix benefit only: zero percent (0%).

Other fees and percentages based on revenue streams from the Technology outside
the above-defined revenue streams will be agreed to in writing by the Parties on
an as needed basis.

The Quarterly Fee shall be paid to SCTN within thirty (30) days after the close
of each quarter, so long as the Agreement remains in effect. The Quarterly
Payment shall be paid on such terms, including the place(s) of such payment(s),
as required by SCTN in its sole and absolute discretion. The Quarterly Payment
may be increased or decreased by mutual written agreement of the Parties at any
time.

In the event that equity is paid to Phoenix through a joint venture or other
commercial vehicle by a third-party for the licensing/sub-licensing of a
Regional Operating Company, SCTN will not receive any of the equity paid by such
third-party.

     7.   Exclusive License. This Agreement shall remain an exclusive license to
Phoenix subject to the following performance requirements for Phoenix:

     a.   Fees paid to SCTN under this Agreement for the first year from the
          date of entering into this Agreement to meet or exceed Two Hundred
          Thousand Dollars ($200,000);

     b.   Fees paid to SCTN under this Agreement for the second year after the
          date of entering into this Agreement to meet or exceed Four Hundred
          Thousand Dollars ($400,000);

                                      -4-
<PAGE>

     c.   Fees paid to SCTN under this Agreement after the second year and for
          each subsequent year to equal the lesser of:

          (1)  Ten Million Dollars ($10,000,000); or,

          (2)  An increase of 100% from the previous year's performance.

In the event that Phoenix fails to meet the performance requirements under the
terms of this Agreement, SCTN shall be allowed to enter into non-exclusive
licensing agreements with third-parties. In the event Phoenix does not retain
exclusive license to the Technology under this Agreement, and prior to meeting
the conditions to forgive said debt as described in Section 3(c) above,
Phoenix's forgiveness of SCTN debt under Section 3 of this Agreement shall be
revoked and all sums due will become immediately due and payable without benefit
of discussion and set off.

     8.   Escrow. Phoenix agrees to keep and maintain a current copy of the
source code including the code and procedures to build an executable system in
escrow at the cost of SCTN. SCTN has the right to verify that the system is
complete, accurate and buildable at SCTN's expense. If the system is found to
not be complete or accurate or buildable, Phoenix will correct any issues at
Phoenix's expense.

     9.   Loans by Phoenix to SCTN. Upon request by SCTN, Phoenix, in its sole
discretion, may elect to loan monies to SCTN at the rate of one percent (1%) per
month compounded monthly until paid in full by SCTN, with payment terms
acceptable to SCTN. In the event monies are loaned to SCTN by Phoenix under this
Agreement, such debt shall have priority over all other SCTN debt, excluding IRS
debt, and payments on any such loan shall be deducted from the Quarterly
Payments due by Phoenix under this Agreement, prior to any monies being paid or
transferred to SCTN under this Agreement or any other agreement entered into by
the Parties. Should monies be loaned or transferred to SCTN by Phoenix for
purposes of payment of IRS taxes, then such monies shall be deducted from the
Quarterly Payments due by Phoenix under this Agreement, prior to any monies
being paid or transferred to SCTN under this Agreement or any other agreement
entered into by the Parties.

     10.  Term and Termination. The term of this Agreement shall commence as of
the effective date hereof and shall remain in effect unless earlier terminated
in accordance with this Section. At any time more than one (1) year after the
effective date of this Agreement, Phoenix may terminate this Agreement by giving
SCTN sixty (60) days' written notice of termination. Upon any such termination
by Phoenix, Phoenix shall immediately cease any and all use of the Technology,
return any and all SCTN property in its possession, including software and
source code, and fulfill any remaining obligations to SCTN under the terms of
this Agreement. Upon thirty (30) days' prior written notice, SCTN may terminate
Phoenix's right to use the Technology where such continued use is prohibited in
any respect by the action of any judicial, administrative or like authority, or
as a result of an agreement with a third party to settle a dispute relating to
Technology or in any country or jurisdiction in which SCTN determines that the
continued use of the Technology in such country or jurisdiction may impose
substantial potential liability on SCTN or seriously threaten SCTN's ownership
of the Technology. In the event Phoenix fails to maintain exclusivity of the
license under Section 7 of this Agreement, SCTN may terminate this Agreement by
giving Phoenix sixty (60) days' written notice of termination. In the event this
Agreement is terminated for any reason other than (1) by Phoenix under Section 9
of this Agreement, or (2) pursuant to Phoenix's failure to maintain exclusivity
of the license under Section 7 of this Agreement, or (3) pursuant to any breach
of this agreement by Phoenix, SCTN shall be required to pay to Phoenix the
following termination fee:

                                      -5-
<PAGE>

     a.   If terminated anytime within the first year of the Agreement, an
          amount equal to three (3) times the debt defined in Section 3(b);

     b.   If terminated anytime within the second year of the Agreement, an
          amount equal to four (4) times the debt defined in Section 3(b);

     c.   If terminated anytime within the third year of the Agreement, an
          amount equal to five (5) times the debt defined in Section 3(b); or

     d.   If terminated anytime after the third year of the Agreement, an amount
          equal to twenty (20) times the net earnings of Phoenix for the
          previous twelve (12) months.

     11.  Disclosure of claims and litigation. SCTN represents that it has
disclosed, and Phoenix acknowledges, that SCTN has previously entered into a
non-exclusive licensing agreement with Retention Management Group Inc. ("RMG")
concerning the Technology, and that SCTN has communicated termination of any
agreement with RMG to RMG and instituted litigation against RMG concerning
rights to the Technology (the "RMG Litigation"). The Parties acknowledge that
the outcome of or results from any litigation or settlement related to the RMG
Litigation could have an effect on the full rights and obligations of the
Parties and to the Technology under this Agreement. SCTN further represents that
it has disclosed, and Phoenix acknowledges, that SCTN has submitted an offer in
compromise to the IRS for purposes of resolving IRS taxes assessed against SCTN
(the "Offer in Compromise"). SCTN further represents, and Phoenix acknowledges,
that a lawsuit has been filed against SCTN by Richard Hauge and John Hipsley in
the Third Judicial district Court of Utah, Case No. 050905213 (the "Hauge &
Hipsley Litigation"). Other than the RMG Litigation, the Hauge & Hipsley
Litigation, and the Offer in Compromise, SCTN represents and warrants that SCTN
is not engaged in or a party to any other suit, action, proceeding, inquiry,
enforcement action, investigation, claim, or demand that would have a material
adverse effect on SCTN's obligations and abilities to perform under the terms of
this Agreement.

     12.  Records and Audit. Phoenix shall maintain accurate records as
necessary to verify compliance with this Agreement. SCTN shall have the right,
upon reasonable notice to Phoenix, to inspect Phoenix's books and records and to
conduct an audit of Phoenix's use of the Technology under this Agreement. Audits
conducted by SCTN under this Agreement shall be conducted at SCTN's expense,
unless such audit reveals that there is a discrepancy of more than ten (10%)
percent between the amount actually paid to SCTN and the actual amount to have
been paid under the terms of this Agreement, in which case Phoenix shall bear
the cost of such audit. Any amounts found to be owing to SCTN under this
Agreement by reason of any audit shall be paid within thirty (30) Business Days
after the completion of the audit with interest at the rate of one percent (1%)
per month compounded monthly until paid in full.

     13.  Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of Turks and Caicos without giving effect to principles
of conflict of law.

     14.  Notices. Any notice required or permitted to be sent under this
Agreement shall be delivered by hand, courier service with receipt or, mailed by
registered or certified mail, postage prepaid, return receipt requested, to the
addresses of the parties set forth below or to such other addresses as may be
furnished in writing to the other Party:

SCHIMATIC CASH TRANSACTIONS NETWORK.COM INC.
330 E. Warm Springs Rd.
Las Vegas, NV 89119
Attn:  _____________________

                                      -6-
<PAGE>

With a Copy to:
Hutchison & Steffen, LLC
Peccole Professional Park
10080 W. Alta Drive, Suite 200
Las Vegas, Nevada 89145
Attn:  Troy A. Wallin, Esq.

PHOENIX TECHNOLOGY HOLDING INCORPORATED
P.O. Box 107
Oceanic House
Duke Street
Grand Turk
Turks and Caicos, BWI
Attn: Ilias Kaperonis

Notice so sent shall be deemed received on the earlier of personal delivery or
on the tenth (10th) day following dispatch.

     14.  Miscellaneous.

     a.   No rights or obligations of either Party under this Agreement shall be
          assigned without the prior written consent of the other Party.

     b.   Nothing contained in this Agreement shall be construed as creating a
          joint venture, partnership, agency or employment relationship between
          the Parties, and neither Party will have any right to bind the other
          or incur any obligation on the other's behalf without the other's
          prior written consent. Further, the Parties expressly represent at the
          time of entering into this Agreement that they are not affiliates of
          one another. In the event it is construed that SCTN and Phoenix are
          affiliates of one another prior to, at the time of, or after entering
          into this Agreement, each Party acknowledges that this Agreement has
          been approved by its respective officers and directors prior to
          entering into this Agreement.

     c.   If any part of this Agreement is found invalid or unenforceable, that
          provision shall be deleted from this Agreement and the rest of this
          Agreement shall remain in full force and effect unless such provision
          materially affects the fundamental purpose of this Agreement.

     d.   The failure of either Party to exercise any right that is granted
          herein or to require any performance of any term of this Agreement or
          the waiver by either Party of any breach of this Agreement, shall not
          prevent a subsequent exercise or enforcement of the term or be deemed
          a waiver of any subsequent breach of the same or any other term of
          this Agreement.

     e.   This Agreement represents the entire agreement between the Parties,
          and supersedes any prior proposals, representations or understandings
          between the Parties.

                                      -7-
<PAGE>

     f.   If suit is brought under this Agreement, reasonable attorneys' fees
          and expert witness and other professional fees, as fixed by an
          arbitrator or a court of competent jurisdiction, shall be awarded to
          the prevailing Party.

     g.   To facilitate the execution of this Agreement by the Parties, this
          Agreement may be executed in counterparts and a signature transmitted
          by facsimile shall have the same effect as an original signature.

     IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the
date first set forth above.

SCHIMATIC CASH TRANSACTION                  PHOENIX TECHNOLOGY HOLDING
NETWORK.COM INC.                            INCORPORATED,
d/b/a SMART CHIP TECHNOLOGIES,              a TCI company
a Florida corporation

 /s/ David Simon                             /s/ Ilias Kaperonis
------------------------------------        ------------------------------------
By:      David Simon                        By:      Ilias Kaperonis
Its:     Director                           Its:     Mandated Signatory

 /s/ Miki Radivojsa
------------------------------------
By:      Miki Radivojsa
Its:     Chairman and CEO

 /s/ Bernard McHale
------------------------------------
By:      Bernard McHale
Its:     Director and Treasurer

                                      -8-

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