Document:

MEMBERSHIP INTEREST PURCHASE AGREEMENT

    
      
        

      
Exhibit
      10.1

    

    

     

    

    

    

    

    

     

    

    

    

     

    

    MEMBERSHIP
      INTEREST PURCHASE AGREEMENT

    DATED
      AS
      OF SEPTEMBER 27, 2006

    

     

    

    SECURED
      FINANCIAL NETWORK, INC.

    and

    VIRTUAL
      PAYMENT SOLUTIONS, LLC

    

     

    

     

     

     

     

     

     

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    TABLE
      OF CONTENTS

     

    
      	  ARTICLE	 PAGE
	1	 	 Purchase and Sale of Stock.	
               1

            
	 	 1.1	 Agreement to Purchase and
              Sell.	
               1

            
	 	 1.2	 Purchase Price.	
               1

            
	 	 1.3	 Payment of Purchase Price.	
               1

            
	 	 1.4 	 Closing.	
               1

            
	 2	 	 Representations and Warranties of
              Seller.	
               2

            
	 	 2.1	 Existence and Good
              Standing. 	
               2

            
	 	 2.2	 Corporate Authority.	
               2

            
	 	 2.3	 Compliance with Law.	
               2

            
	 	 2.4	 Validity and Effect of
              Agreements. 	
               2

            
	 	 2.5	 No Required Consents or
              Defaults.	
               2

            
	 	 2.6	 Affiliated Entities.	
               3

            
	 	 2.7	 Capitalization. 	
               3

            
	 	 2.8	 Jurisdictions.	
               3

            
	 	 2.9 	 Records.	
               3

            
	 	 2.10	 Officers and Directors.	
               3

            
	 	 2.11	 Financial Statements.	
               3

            
	 	 2.12	 Undisclosed Liabilities.	
               3

            
	 	 2.13 	 Absence of Certain Changes or Events
              Since the Date of the Unaudited Balance Sheet.	
               4

            
	 	 2.14	 Taxes.	
               5

            
	 	 2.15	 Title to Company Interest.	
               5

            
	 	 2.16	 Title to Property and Assets.	
               5

            
	 	 2.17	 Condition of Personal
              Property.	
               5

            
	 	 2.18	 Real Estate and Leases.	
               5

            
	 	 2.19	 List of Contracts and Other
              Data.	
               6

            
	 	 2.20	 Business Property Rights.	
               6

            
	 	 2.21	 No Breach or Default.	
               7

            
	 	 2.22	 Labor Controversies.	
               7

            
	 	 2.23	 Litigation.	
               7

            
	 	 2.24	 Bank Accounts.	
               7

            
	 	 2.25	 Powers of Attorney.	
               7

            
	 	 2.26	 Insurance.	
               7

            
	 	 2.27	 No Brokers.	
               8

            
	 	 2.28	 No Misrepresentation or
              Omission.	
               8

            
	 3 	 	 Representations and Warranties of
              Buyer.	
               8

            
	 	 3.1	 Existence and Good Standing.	
               8

            
	 	 3.2	 Corporate Authority.	
               8

            
	 	 3.3	 Compliance with Law.	
               8

            
	 	 3.4	 Authorization; Validity and Effect of
              Agreements.	
               8

            
	 4 	 	 Other Covenants and
              Agreements.	
               9

            
	 	 4.1	 Section 338 Elections.	
               9

            
	 	 4.2	 Indemnification by Seller.	
               10

            
	 	 4.3	 Indemnification by Buyer.	
               10

            
	 	 4.4	 Tax Indemnity.	
               10

            
	 	 4.5	 Conditions of
              Indemnification.	
               10

            
	 	 4.6	 Taxes and Expenses.	
               12

            
	 	 4.7	 Company Cooperation.	
               12

            
	 	 4.8	 Exclusive Dealing.	
               12

            
	 	 4.9	 Public Announcements.	
               13

            
	 	 4.10	 Buyers Right of Offset.	
               13

            

    

     

    
      
        
        

      

      
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      	 ARTICLE	 PAGE
	 5	 	 Conditions of Closing.	
               13

            
	 	 5.1	 Buyers Conditions of Closing.	
               13

            
	 	 5.2	 Sellers Conditions of
              Closing.	
               15

            
	 6	 	 Termination.	
               15

            
	 	 6.1	 Methods of Termination.	
               16

            
	 	 6.2	 Procedure Upon Termination. 	
               16

            
	 7	 	 Miscellaneous.	
               17

            
	 	 7.1	 Notice.	
               17

            
	 	 7.2	 Execution of Additional
              Documents. 	
               17

            
	 	 7.3	 Binding Effect; Benefits.	
               17

            
	 	 7.4	 Entire Agreement.	
               17

            
	 	 7.5	 Governing Law.	
               18

            
	 	 7.6	 Survival.	
               18

            
	 	 7.7	 Counterparts.	
               18

            
	 	 7.8	 Headings.	
               18

            
	 	 7.9	 Waivers.	
               18

            
	 	 7.10	 Merger of Documents.	
               18

            
	 	 7.11	 Incorporation of Exhibits and
              Schedules.	
               18

            
	 	 7.12	 Severability.	
               19

            
	 	 7.13	 Assignability. 	
               19

            
	 EXHIBIT A	
               21

            
	 FORM OF PROMISSORY
              NOTE 	
               21

            
	 EXHIBIT B 	
               22

            
	 FORM OF EMPLOYMENT
              CONTRACT 	
               22

            
	 SCHEDULE 2.8	
               23

            
	 JURISDICTIONS WHERE COMPANY
              IS LICENSED TO DO BUSINESS	
               23

            
	 SCHEDULE 2.10	
               24

            
	 OFFICERS AND DIRECTORS OF
              COMPANY	
               24

            
	 SCHEDULE 2.12	
               25

            
	 UNDISCLOSED
              LIABILITIES	
               25

            
	 SCHEDULE 2.18	
               26

            
	 REAL PROPERTY OWNED/LEASED
              BY
              COMPANY	
               26

            
	 SCHEDULE 2.19	
               27

            
	 LIST OF CONTRACTS AND OTHER
              DATA	
               27

            
	 SCHEDULE 2.23	
               28

            
	 PENDING LITIGATION	
               28

            
	 SCHEDULE 2.24	
               29

            
	 BANK ACCOUNTS	
               29

            
	 SCHEDULE 2.26	
               30

            
	 INSURANCE POLICIES	
               30

            

    

    
 

    
      
        
        

      

      
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    MEMBERSHIP
      INTEREST PURCHASE AGREEMENT

    

    

    THIS
      MEMBERSHIP INTEREST PURCHASE AGREEMENT
      (the
“Agreement”) is dated the day of September 27, 2006, by and among SECURED
      FINANCIAL NETWORK, INC.,
      a
      Nevada corporation (the “Buyer”), and VIRTUAL
      PAYMENT SOLUTIONS, LLC, a
      Nevada
      Limited Liability Corporation (hereinafter referred to singularly and
      collectively as “VPS”/ “Seller”).

    

    WHEREAS,
      Seller
      desires to sell, and Buyer desires to purchase, all of the issued and
      outstanding units of membership interest of VPS, LLC., a Nevada limited
      liability corporation (the “Company”) for the consideration and upon the terms
      and subject to the conditions hereinafter set forth.

    

    NOW,
      THEREFORE,
      in
      consideration of the premises, the provisions and the respective agreements
      hereinafter set forth, the parties hereto hereby agree as follows:

    

    

    1. Purchase
      and Sale of Stock. 

    

    1.1 Agreement
      to Purchase and Sell. 

    Upon
      the
      terms and subject to the conditions set forth in this Agreement and upon the
      representations and warranties made herein by each of the parties to the other,
      on the Closing Date (as such term is hereinafter defined), Seller shall sell,
      grant, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase
      and acquire from Seller, all of the issued and outstanding units of membership
      interest of the Company (the "Company Interest"). The exact number of Company
      Interest Units to be sold by Seller hereunder is (100) common units, $25,000
      par
      value per membership unit.

    

    1.2 Purchase
      Price. 

    Upon
      the
      terms and subject to the conditions set forth in this Agreement, in reliance
      upon the representations, warranties, covenants and agreements of Seller
      contained herein, and in exchange for the Company Interest, Buyer agrees to
      pay
      to Seller a purchase price (the “Purchase Price”) of (i) Four Hundred Thousand
      Dollars ($400,000.00), (ii) 5 million shares of Common Stock of Buyer (SFNL),
      (iii) 2 million shares of Preferred Stock with a conversion value at $1 per
      share into Common Stock upon the sale of the Company or after 12 months from
      closing. 

    

    1.3 Payment
      of Purchase Price. 

    The
      Purchase Price shall be payable as follows: (i) by wire transfer of $150,000
      Dollars at closing, $150,000 payment on or before 10 business days from closing,
      $100,000 on or before October 26, 2006, issuance of 5 million Common shares
      of
      Buyer Stock, and issuance of 2 million shares of Preferred Stock of buyer within
      30 business days of closing. Preferred shares will pay a 7% dividend and the
      shares will be convertible at $1 per share into Common Stock of
      Company.

    1.3
      a
      HEB, LLC shall receive 20% of the Gross Income generated by clients it brings
      to
      Company with a maximum payment of $1.5 million in cash royalties. 

    

    
      
        
        

      

      
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    1.4 Closing. 

    The
      closing of the purchase and sale of the Company Interest provided herein (the
      "Closing") will be at the office of Seller at 790 E. Broward Blvd., Ft.
      Lauderdale, Florida 33301 on September , 2006. Such date and time of Closing
      is
      herein referred to as the "Closing Date."

    

     

    2. Representations
      and Warranties of Seller. 

     

    Seller
      represents and warrants to Buyer as follows:

    

    2.1 Existence
      and Good Standing. 

    The
      Company is a corporation duly incorporated, validly existing and in good
      standing under the laws of the State of Nevada. The Company is duly licensed
      or
      qualified to do business as a foreign corporation and is in good standing under
      the laws of Florida. 

     

    2.2 Corporate
      Authority. 

    The
      Company has all requisite corporate power and authority to carry on its business
      as now conducted.

    

    2.3 Compliance
      with Law. 

    The
      Company is not in default with respect to any order of any court, governmental
      authority or arbitration board or tribunal to which the Company is a party
      or is
      subject, and the Company is not in violation of any laws, ordinances,
      governmental rules or regulations to which it is subject. The Company has
      obtained all licenses, permits and other authorizations and has taken all
      actions required by applicable laws or governmental regulations in connection
      with its business as now conducted.

    

    2.4 Validity
      and Effect of Agreements. 

    This
      Agreement constitutes, and all agreements and documents contemplated hereby
      when
      executed and delivered pursuant hereto will constitute, the valid and legally
      binding obligations of Seller enforceable in accordance with their terms, except
      that enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization, fraudulent transfer, moratorium or other similar laws of general
      application now or hereafter in effect relating to the enforcement of creditors'
      rights generally and except that the remedies of specific performance,
      injunction and other forms of equitable relief are subject to certain tests
      of
      equity jurisdiction, equitable defenses and the discretion of the court before
      which any proceeding therefore may be brought.

    

    2.5 No
      Required Consents or Defaults. 

    The
      execution and delivery of this Agreement by Seller does not and the consummation
      of the transactions contemplated hereby will not (i) require the consent of
      any
      person not a party to this Agreement, (ii) result in the breach of any term
      or
      provision of, or constitute a default under, or result in the acceleration
      of or
      entitle any party to accelerate (whether after the giving of notice or the
      lapse
      of time or both) any obligation under, or result in the creation or imposition
      of any lien, charge, pledge, security interest or other encumbrance upon any
      part of the property of the Company pursuant to any provision of, any order,
      judgment, arbitration award, injunction, decree, indenture, mortgage, lease,
      license, lien, or other agreement or instrument to which Seller or the Company
      is a party or by which any of them is bound, or violate or conflict with any
      provision of the by-laws or articles/certificate of incorporation of the Company
      as amended to the date of this Agreement.

    

    
      
        
        

      

      
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    2.6 Affiliated
      Entities. 

    The
      Company does not own, directly or indirectly, any interest in any corporation,
      business trust, joint stock company, partnership or other business organization
      or association.

    

    
      
        2.7
          Capitalization. 

      

    

    The
      Company has authorized membership interest consisting solely of (100) membership
      units, $25,000 par value per unit, of which (100) units are presently issued
      and
      outstanding. Except for rights granted pursuant to this Agreement, there are
      no
      outstanding rights, warrants, options, subscriptions, agreements or commitments
      giving anyone any right to require the Company to sell or issue, or the Seller
      to sell, any capital stock or other securities of the Company.

    

    2.8 Jurisdictions. 

    Schedule
      2.8 contains a list of all jurisdictions in which the Company is presently
      licensed or qualified to do business. The Company has complied in all material
      respects with all applicable laws of each such jurisdiction and all applicable
      rules and regulations of each regulatory agency therein. The Company has not
      been denied admission to conduct any type of business in any jurisdiction in
      which it is not presently admitted as set forth in such Schedule 2.8, has not
      had its license or qualifications to conduct business in any jurisdiction
      revoked or suspended, and has not been involved in any proceeding to revoke
      or
      suspend a license or qualification.

    

    2.9 Records. 

    The
      corporate minute books of the Company to be delivered to Buyer within 7 days
      of
      Closing shall contain true and complete copies of the articles of incorporation,
      as amended to the Closing Date, bylaws, as amended to the Closing Date, and
      the
      minutes of all meetings of directors and shareholders and certificates
      reflecting all actions taken by the directors or shareholders without a meeting,
      from the date of incorporation of the Company to the Closing Date.

    

    2.10 Officers
      and Directors. 

    The
      officers and directors of the Company are as set forth in Schedule 2.10.

    

    2.11 Financial
      Statements. 

    Seller
      has furnished to Buyer (i) a compiled balance sheet and related statement of
      income as of the end of the last fiscal year (the "Compiled Balance Sheet"),
      and
      (ii) an unaudited balance sheet and related statement of income as of June
      30,
      2006 (the "Unaudited Balance Sheet") (collectively the "Financial Statements").
      The Compiled Balance Sheet and the Unaudited Balance Sheet are hereinafter
      collectively referred to as the "Balance Sheets." The Financial Statements
      fully
      and fairly set forth the financial condition of the Company as of the dates
      indicated, and the results of its operations for the periods indicated, in
      accordance with GAAP consistently applied, except as otherwise stated therein
      and in the related reports of independent accountants.

    

    
      
        
        

      

      
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    2.12 Undisclosed
      Liabilities. 

    The
      Company has no liabilities or obligations whatsoever, whether accrued, absolute,
      contingent or otherwise, which are not reflected or provided for in the
      Financial Statements except (i) accounts payable and accrued expenses arising
      after the date of the Unaudited Balance Sheet which were incurred in the
      ordinary course of business, in each case in normal amounts and none of which
      is
      materially adverse, and (ii) liabilities as and to the extent specifically
      described in Schedule 2.12.

    

    2.13 Absence
      of Certain Changes or Events Since the Date of the Unaudited Balance
      Sheet. 

    Since
      the
      date of the Unaudited Balance Sheet, the Company has not:

    

    (A) incurred
      any liability whatsoever, whether accrued, absolute, contingent or otherwise,
      except those liabilities and obligations referred to in Section 2.12 above,
      and
      except in connection with this Agreement and the transactions contemplated
      hereby;

    

    (B) discharged
      or satisfied any lien, security interest or encumbrance or paid any obligation
      or liability (fixed or contingent), other than in the ordinary course of
      business and consistent with past practice;

    

    (C) mortgaged,
      pledged or subjected to any lien, security interest or other encumbrance any
      of
      its assets or properties;

    

    (D) transferred,
      leased or otherwise disposed of any of its assets or properties except for
      a
      fair consideration in the ordinary course of business and consistent with past
      practice or, except in the ordinary course of business and consistent with
      past
      practice, acquired any assets or properties;

    

    (E) canceled
      or compromised any debt or claim, except in the ordinary course of business
      and
      consistent with past practice;

    

    (F) waived
      or
      released any rights of material value;

    

    (G) except
      pursuant to those contracts listed on Schedules 2.18 and 2.19 hereto,
      transferred or granted any rights under any concessions, leases, licenses,
      agreements, patents, inventions, trademarks, trade names, service marks or
      copyrights or with respect to any know-how;

    

    (H) made
      or
      granted any wage or salary increase applicable to any group or classification
      of
      employees generally, entered into any employment contract with, or made any
      loan
      to, or entered into any material transaction of any other nature with, any
      officer or employee of the Company;

    

    (I) entered
      into any transaction, contract or commitment, except (i) contracts listed on
      Schedules 2.18 and 2.19 hereto and (ii) this Agreement and the transactions
      contemplated hereby;

    

    (J) suffered
      any casualty loss or damage (whether or not such loss or damage shall have
      been
      covered by insurance) which affects in any material respect its ability to
      conduct business, or suffered any casualty loss or damage in excess of
      $25,000.00 and which is not covered by insurance; or

    
      
        
        

      

      
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    (K) declared
      any dividends or bonuses, or authorized or affected any amendment or restatement
      of the articles of incorporation or by-laws of the Company or taken any steps
      looking toward the dissolution or liquidation of the Company.

    

    Between
      the date of this Agreement and the Closing, the Company will not, without prior
      written notice to Buyer, do any of the things listed in sub-paragraphs (A)
      through (K) above.

    

    2.14 Taxes. 

    The
      Company (i) has duly and timely filed or caused to be filed all federal, state,
      local and foreign tax returns (including, without limitation, consolidated
      and/or combined tax returns) required to be filed by it prior to the date of
      this Agreement which relate to the Company or with respect to which the Company
      or the assets or properties of the Company are liable or otherwise in any way
      subject, (ii) has paid or fully accrued for all taxes shown to be due and
      payable on such returns (which taxes are all the taxes due and payable under
      the
      laws and regulations pursuant to which such returns were filed), and (iii)
      has
      properly accrued for all such taxes accrued in respect of the Company or the
      assets and properties of the Company for periods subsequent to the periods
      covered by such returns. No deficiency in payment of taxes for any period has
      been asserted by any taxing body and remains unsettled at the date of this
      Agreement. Copies of all federal, state, local and foreign tax returns of the
      Company have been made available for inspection by Buyer.

    

    2.15 Title
      to Company Interest. 

    The
      Company Interest are duly authorized, validly issued, fully paid and
      nonassessable and are owned by Seller free and clear of all liens, encumbrances,
      charges, assessments and adverse claims. The Company Interest are subject to
      no
      restrictions with respect to transferability to Buyer in accordance with the
      terms of this Agreement. Upon transfer of the Company Interest by Seller, Buyer
      will, as a result, receive good and marketable title to all of the Company
      Interest, free and clear of all security interests, liens, encumbrances,
      charges, assessments, restrictions and adverse claims.

    

    2.16 Title
      to Property and Assets. 

    The
      Company has good and marketable title to all of the properties and assets
      reflected in the Balance Sheets and the Business Property Rights (as defined
      in
      Section 2.20). None of such properties or assets is, except as disclosed in
      said
      Balance Sheets or the Schedules hereto, subject to a contract of sale not in
      the
      ordinary course of business, or subject to security interests, mortgages,
      encumbrances, liens or charges of any kind or character.

    

    2.17 Condition
      of Personal Property. 

    All
      tangible personal property, equipment, fixtures and inventories included within
      the assets of the Company are in good, merchantable or in reasonably repairable
      condition and are suitable for the purposes for which they are used. No value
      in
      excess of applicable reserves has been given to any inventory with respect
      to
      obsolete or discontinued products. To the best of the Company’s knowledge, all
      of the inventories and equipment, including equipment leased to others, are
      well
      maintained and in good operating condition. N/A
      there is no personal property, equipment, fixtures, or inventory held by VPS,
      LLC

    

    
      
        
        

      

      
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    2.18 Real
      Estate and Leases. 

    Schedule
      2.18 contains a list of all real property owned by the Company or in which
      the
      Company has a leasehold or other interest (whether as landlord, tenant or
      otherwise) and of any lien, charge or encumbrance thereupon. Such Schedule
      also
      contains a substantially accurate description identifying all such real property
      and the significant rental terms (including rents, termination dates and renewal
      conditions). N/A
      There is no real property owned by VPS, LLC

    

    2.19 List
      of Contracts and Other Data. 

    Schedule
      2.19 sets forth the following:

    (A) (i)
      all
      computer software, patents and registrations for trademarks, trade names,
      service marks and copyrights which are unexpired as of the date of this
      Agreement and which are owned by the Company, as well as all applications
      pending on said date for patents or for trademark, trade name, service mark
      or
      copyright registrations, and all other proprietary rights, owned or held by
      the
      Company, and (ii) all licenses granted by or to the Company and all other
      agreements to which the Company is a party and which relate, in whole or in
      part, to any items of the categories mentioned in sub-paragraph (A) above or
      to
      other proprietary rights of the Company which are reasonably necessary to,
      or
      used in connection with, the business of the Company;

    

    (B) all
      collective bargaining agreements, employment and consulting agreements,
      executive compensation plans, bonus plans, profit-sharing plans, deferred
      compensation agreements, employee pension or retirement plans, employee stock
      purchase and stock option plans, group life insurance, hospitalization insurance
      or other plans or arrangements providing for benefits to employees of the
      Company;

    

    (C) all
      contracts, understandings and commitments (including, without limitation,
      mortgages, indentures and loan agreements) to which the Company is a party,
      or
      to which it or any of its assets or properties are subject and which are not
      specifically referred to in sub-paragraphs (A) or (B) above or in Schedule
      2.18
      hereof;

    

    (D) the
      names
      and current annual compensation rates of all employees of the Company;
      and

     

    (E) all
      customer backlog which is represented by firm purchase orders, identifying
      the
      customers, products and purchase prices.

    

    True
      and
      complete copies of all documents and complete descriptions of all oral
      understandings, if any, referred to in Schedules 2.18 and 2.19 have been
      provided or made available to Buyer and its counsel.

    

    
      
        
        

      

      
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    2.20 Business
      Property Rights. 

    The
      property referred to in Section 2.19(A) above, together with (i) all designs,
      methods, inventions and know-how related thereto and (ii) all trademarks, trade
      names, service marks, and copyrights claimed or used by the Company which have
      not been registered (collectively "Business Property Rights"), constitute all
      such proprietary rights owned or held by the Company. The Company owns or has
      valid rights to use all such Business Property Rights without, to the best
      of
      Seller’s knowledge, conflict with the rights of others. Except as set forth in
      Schedule 2.23 hereto, no person or corporation has made or, to the knowledge
      of
      Seller or the Company, threatened to make any claims that the operation of
      the
      business of the Company is in violation of or infringes any Business Property
      Rights or any other proprietary or trade rights of any third party. To the
      knowledge of Seller or the Company, no third party is in violation of or is
      infringing upon any Business Property Rights.

    

    2.21 No
      Breach or Default. 

    The
      Company is not in default under any contract to which it is a party or by which
      it is bound, nor has any event occurred which, after the giving of notice or
      the
      passage of time or both, would constitute a default under any such contract.
      Seller has no reason to believe that the parties to such contracts will not
      fulfill their obligations under such contracts in all material respects or
      are
      threatened with insolvency.

    

    2.22 Labor
      Controversies. 

    The
      Company is not a party to any collective bargaining agreement. There are not
      any
      controversies between the Company and any of its employees which might
      reasonably be expected to materially adversely affect the conduct of its
      business, or any unresolved labor union grievances or unfair labor practice
      or
      labor arbitration proceedings pending or threatened relating to its business,
      and there are not any organizational efforts presently being made or threatened
      involving any of the Company's employees. The Company has not received notice
      of
      any claim that the Company has not complied with any laws relating to the
      employment of labor, including any provisions thereof relating to wages, hours,
      collective bargaining, the payment of social security and similar taxes, equal
      employment opportunity, employment discrimination and employment safety, or
      that
      the Company is liable for any arrears of wages or any taxes or penalties for
      failure to comply with any of the foregoing. N/A
      There are no labor controversies or current employees of VPS,
      LLC

    2.23 Litigation. 

    Except
      as
      set forth in Schedule 2.23, there are no actions, suits or proceedings with
      respect to the Company involving claims by or against Seller or the Company
      which are pending or threatened against Seller or the Company, at law or in
      equity, or before or by any federal, state, municipal or other governmental
      department, commission, board, bureau, agency or instrumentality. No basis
      for
      any action, suit or proceeding exists, and there are no orders, judgments,
      injunctions or decrees of any court or governmental agency with respect to
      which
      Seller or the Company has been named or to which Seller or the Company is a
      party, which apply, in whole or in part, to the business of the Company, or
      to
      any of the assets or properties of the Company or the Company Interest or which
      would result in any material adverse change in the business or prospects of
      the
      Company.

    

    
      
        
        

      

      
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    2.24 Bank
      Accounts. 

    The
      name
      of each bank, savings institution or other person with which the Company has
      an
      account and the names and identification of all persons authorized to drawn
      thereon or to have access thereto are as set forth on Schedule
      2.24.

    

    2.25 Powers
      of Attorney. 

    There
      are
      no persons holding powers of attorney from the Company.

    

    2.26 Insurance. 

    A
      list of
      all insurance policies owned by the Company, together with a brief statement
      of
      the coverage thereof, are as set forth on Schedule 2.26.

    

    2.27 No
      Brokers. 

    Neither
      Seller nor the Company has entered into any contract, arrangement or
      understanding with any person or firm which may result in the obligation of
      Buyer or the Company to pay any finder's fees, brokerage or agent's commissions
      or other like payments in connection with the negotiations leading to this
      Agreement or the consummation of the transactions contemplated hereby, and
      neither Seller nor the Company is aware of any claim or basis for any claim
      for
      payment of any finder's fees, brokerage or agent's commissions or other like
      payments in connection with the negotiations leading to this Agreement or the
      consummation of the transactions contemplated hereby.

    

    2.28 No
      Misrepresentation or Omission. 

    No
      representation or warranty by Seller in this Article 2 or in any other Article
      or Section of this Agreement, or in any certificate or other document furnished
      or to be furnished by Seller pursuant hereto, contains or will contain any
      untrue statement of a material fact or omits or will omit to state a material
      fact necessary to make the statements contained therein not misleading or will
      omit to state a material fact necessary in order to provide Buyer with accurate
      information as to the Company.

    

    3. Representations
      and Warranties of Buyer. 

    Buyer
      represents and warrants to Seller as follows:

    

    3.1 Existence
      and Good Standing. 

    Buyer
      is
      a corporation duly incorporated, validly existing and in good standing under
      the
      laws of its jurisdiction of incorporation. Buyer is duly licensed or qualified
      to do business as a foreign corporation and is in good standing under the laws
      of all other jurisdictions in which the character of the properties owned or
      leased by it therein or in which the transaction of its business makes such
      qualification necessary.

    

    3.2 Corporate
      Authority. 

    Buyer
      has
      all requisite corporate power and authority to own its properties and carry
      on
      its business as now conducted.

    

    3.3 Compliance
      with Law. 

    Buyer
      is
      not in default with respect to any order of any court, governmental authority
      or
      arbitration board or tribunal to which Buyer is a party or is subject, and
      Buyer
      is not in violation of any laws, ordinances, governmental rules or regulations
      to which it is subject. Buyer has obtained all licenses, permits or other
      authorizations and has taken all actions required by applicable laws or
      governmental regulations in connection with its business as now
      conducted.

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    

    
      
        3.4
          Authorization;
          Validity and Effect of Agreements. 

      

    

    The
      execution and delivery of this Agreement and all agreements and documents
      contemplated hereby by Buyer, and the consummation by it of the transactions
      contemplated hereby, have been duly authorized by all requisite corporate
      action. This Agreement constitutes, and all agreements and documents
      contemplated hereby when executed and delivered pursuant hereto will constitute,
      the valid and legally binding obligations of Buyer enforceable in accordance
      with their terms, except that enforceability may be limited by applicable
      bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium or
      other
      similar laws of general application now or hereafter in effect relating to
      the
      enforcement of creditors' rights generally and except that the remedies of
      specific performance, injunction and other forms of equitable relief are subject
      to certain tests of equity jurisdiction, equitable defenses and the discretion
      of the court before which any proceeding therefor may be brought. The execution
      and delivery of this Agreement by Buyer does not and the consummation of the
      transactions contemplated hereby will not (i) require the consent of any third
      party, (ii) result in the breach of any term or provision of, or constitute
      a
      default under, or result in the acceleration of or entitle any party to
      accelerate (whether after the giving of notice or the lapse of time or both)
      any
      obligation under, or result in the creation or imposition of any lien, charge,
      pledge, security interest or other encumbrance upon any part of the property
      of
      the Company pursuant to any provision of, any order, judgment, arbitration
      award, injunction, decree, indenture, mortgage, lease, license, lien, or other
      agreement or instrument to which Buyer is a party or by which it is bound,
      and
      (iii) violate or conflict with any provision of the by-laws or articles of
      incorporation of Buyer as amended to the date of this Agreement.

    

    

    4 Other
      Covenants and Agreements. 

    

    4.1 Section
      338 Elections. 

    If
      requested by Buyer, Buyer and Seller shall join in an election to have the
      provisions of Section 338(h)(10) of the Internal Revenue Code and similar
      provisions of state law (“Section 338 Elections”) apply to the acquisition of
      the Company. Buyer shall be responsible for, and control, the preparation and
      filing of such election. The allocation of purchase price among the assets
      of
      the Company shall be made in accordance with Code Sections 338 and 1060 and
      any
      comparable provisions of state, local or foreign law, as appropriate. Seller
      shall, unless it would be unreasonable to do so, accept Buyer’s determination of
      such purchase price allocations and shall report, act, file in all respects
      and
      for all purposes consistent with such determination of Buyer. Seller shall
      execute and deliver to Buyer such documents or forms (including Section 338
      Forms, as defined below) as Buyer shall request or as are required by applicable
      law for an effective 338(h)(10) Election. “Section 338 Forms” shall mean all
      returns, documents, statements, and other forms that are required to be
      submitted to any federal, state, county or other local taxing authority in
      connection with a 338(h)(10) Election, including, without limitation, any
“statement of Section 338 election” and IRS Form 8023 (together with any
      schedules or attachments thereto) that are required pursuant to the Internal
      Revenue Code and the regulations promulgated pursuant thereto.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    4.2 Indemnification
      by Seller. 

    Upon
      the
      terms and subject to the conditions set forth in Section 4.5 hereof, Seller
      agrees to indemnify and hold Buyer and the Company harmless against, and will
      reimburse Buyer (or the Company if Buyer so requests) on demand for, any
      payment, loss, damage (including incidental and consequential damages), cost
      or
      expense (including reasonable attorney's fees and reasonable costs of
      investigation incurred in defending against such payment, loss, damage, cost
      or
      expense or claim therefor) made or incurred by or asserted against Buyer or
      the
      Company at any time after the Closing Date in respect of any omission,
      misrepresentation, breach of warranty, or nonfulfillment of any term, provision,
      covenant or agreement on the part of Seller contained in this Agreement, or
      from
      any misrepresentation in, or omission from, any certificate or other instrument
      furnished or to be furnished to Buyer pursuant to this Agreement.

    

    4.3 Indemnification
      by Buyer. 

    Upon
      the
      terms and subject to the conditions set forth in Section 4.5 hereof, Buyer
      agrees to indemnify and hold Seller harmless against, and will reimburse Seller
      on demand for, any payment, loss, damage (including incidental and consequential
      damages), cost or expense (including reasonable attorney's fees and reasonable
      costs of investigation incurred in defending against such payment, loss, damage,
      cost or expense or claim therefor) made or incurred by or asserted against
      Seller at any time after the Closing Date in respect of any omission,
      misrepresentation, breach of warranty, or nonfulfillment of any term, provision,
      covenant or agreement on the part of Buyer contained in this Agreement, or
      from
      any misrepresentation in, or omission from, any certificate or other instrument
      furnished or to be furnished to Seller pursuant to this Agreement.

    

    4.4 Tax
      Indemnity. 

    Upon
      the
      terms and subject to the conditions set forth in Section 4.5 hereof, Seller
      agrees to indemnify and hold Buyer and the Company harmless against, and will
      reimburse Buyer (or the Company if Buyer so requests) on demand
      for:

    

    (A) any
      and
      all tax deficiencies in respect of federal, state, local and foreign sales,
      use,
      income or franchise tax or taxes based on or measured by income, including
      any
      interest or penalties thereon and legal fees and expenses incurred by Buyer
      and
      the Company with respect to the taxable year ended December 31, 2005, and all
      prior taxable years; and

    

    (B) any
      and
      all such taxes, interest, penalties and legal fees and expenses in respect
      of
      the period from January 1, 2005 up to and including the Closing Date, but only
      to the extent that such deficiencies, taxes, interest, penalties and legal
      fees
      and expenses exceed, in the aggregate, the amount of the aggregate reserves
      for
      such taxes, if any, shown as liabilities on the Closing Balance
      Sheet.

    

    The
      indemnity provided for in this Section 4.4 shall be independent of and in
      addition to any other indemnity provision of this Agreement and, anything in
      this Agreement to the contrary notwithstanding [including Section 4.5(B)(ii)
      hereof], shall survive indefinitely.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    4.5 Conditions
      of Indemnification. 

    With
      respect to any actual or potential claim, any written demand, the commencement
      of any action, or the occurrence of any other event which involves any matter
      or
      related series of matters (a "Claim") against which a party hereto is due to
      be
      indemnified (the "Indemnified Party") by the other party (the "Indemnifying
      Party") under Sections 4.2, 4.3 or 4.4 hereof:

    

    (A) Promptly
      (and in no event no more than 30 days) after (i) Seller (if Seller is the
      Indemnified Party), or (ii) the President of the Buyer or the Company (if Buyer
      or the Company is the Indemnified Party) first receives written documents
      pertaining to the Claim, or if such Claim does not involve a third party Claim
      (a "Third Party Claim"), promptly (and in no event no more than 30 days) after
      (i) Seller (if Seller is the Indemnified Party), or (ii) the President of the
      Buyer or the Company (if Buyer or the Company is the Indemnified Party) first
      has actual knowledge of such Claim, the Indemnified Party shall give notice
      to
      the Indemnifying Party of such Claim in reasonable detail and stating the amount
      involved, if known, together with copies of any such written
      documents.

    

    (B) The
      Indemnifying Party shall have no obligation to indemnify the Indemnified Party
      with respect to any Claim if the Indemnified Party fails to give the notice
      with
      respect thereto in accordance with Section 4.5(A) hereof.

     

    
      (C) If
        the Claim involves a Third Party Claim, then the Indemnifying Party shall
        have
        the right, at its sole cost, expense and ultimate liability regardless of
        the
        outcome, and through counsel of its choice (which counsel shall be reasonably
        satisfactory to the Indemnified Party), to litigate, defend, settle or otherwise
        attempt to resolve such Third Party Claim; provided, however, that if in
        the
        Indemnified Party's reasonable judgment a conflict of interest may exist
        between
        the Indemnified Party and the Indemnifying Party with respect to such Third
        Party Claim, then the Indemnified Party shall be entitled to select counsel
        of
        its own choosing, reasonably satisfactory to the Indemnifying Party, in
        which event the Indemnifying Party shall be obligated to pay the fees and
        expenses of such counsel. Notwithstanding the preceding sentence, the
        Indemnified Party may elect, at any time and at the Indemnified Party's sole
        cost, expense and ultimate liability, regardless of the outcome, and through
        counsel of its choice, to litigate, defend, settle or otherwise attempt to
        resolve such Third Party Claim. If the Indemnified Party so elects (for reasons
        other than the Indemnifying Party's failure or refusal to provide a defense
        to
        such Third Party Claim), then the Indemnifying Party shall have no obligation
        to
        indemnify the Indemnified Party with respect to such Third Party Claim, but
        such
        disposition will be without prejudice to any other right the Indemnified
        Party
        may have to indemnification under Section 4.2, 4.3 or 4.4 hereof, regardless
        of
        the outcome of such Third Party Claim. If the Indemnifying Party fails or
        refuses to provide a defense to any Third Party Claim, then the Indemnified
        Party shall have the right to undertake the defense, compromise or settlement
        of
        such Third Party Claim, through counsel of its choice, on behalf of and for
        the
        account and at the risk of the Indemnifying Party, and the Indemnifying Party
        shall be obligated to pay the costs, expenses and attorney's fees incurred
        by
        the Indemnified Party in connection with such Third Party Claim. In any event,
        Buyer, the Company and Seller shall fully cooperate with each other and their
        respective counsel in connection with any such litigation, defense, settlement
        or other attempted resolution.

    

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    4.6 Taxes
      and Expenses. 

    

    (A) Seller
      hereby covenants and agrees to assume and pay all taxes arising from or relating
      to the transactions as contemplated by this Agreement. Except as otherwise
      specifically provided for in this Agreement, Seller shall be individually
      responsible for and shall personally pay all costs, liabilities and other
      obligations incurred by Seller in connection with the performance of and
      compliance with all transactions, agreements and conditions contained in this
      Agreement to be performed or complied with by Seller, including legal and
      accounting fees. In no event shall any of such taxes, costs, liabilities or
      other obligations be paid by or incurred on behalf of the Company.

    

    (B) Except
      as
      otherwise specifically provided for in this Agreement, Buyer will assume and
      pay
      all costs, liabilities and other obligations incurred by Buyer in connection
      with the performance of and compliance with all transactions, agreements and
      conditions contained in this Agreement to be performed or complied with by
      Buyer, including legal and accounting fees.

    

    4.7 Company
      Cooperation. 

    Subject
      to the terms and conditions of this Agreement, Seller will use his best efforts
      to cause the Company, its officers, directors, employees, accountants,
      consultants, advisors and agents, to take, or cause to be taken, all actions
      and
      to do, or cause to be done, all things necessary, proper or advisable to
      consummate the transactions contemplated by this Agreement.

    

    4.8 Exclusive
      Dealing. 

    

    (A) Prior
      to
      the termination of this Agreement, Seller shall not authorize or permit, and
      shall not allow the Company or any officer, director or employee of, or any
      investment banker, attorney or other advisor or representative of any of the
      foregoing, to (i) solicit or initiate or encourage the submission of any
      Acquisition Proposal (as herein defined) or (ii) participate in any discussions
      or negotiations regarding, or furnish to any person any information with respect
      to or take any other action to facilitate any inquiries or the making of any
      proposal that constitutes, or may reasonable be expected to lead to any
      Acquisition Proposal. For purposes of this Agreement, “Acquisition Proposal”
means any inquiry about or proposal for the acquisition to purchase of a
      substantial amount of assets of the Company or any type of exchange offer or
      other offer that if consummated would result in any person beneficially owning
      any equity securities of the Company, or any merger, consolidation, business
      combination, sale of any material assets, recapitalization, liquidation,
      dissolution or similar transaction involving the Company (or equity securities
      thereof) other than transactions contemplated by this Agreement, or any other
      transaction the consummation of which would reasonable be expected to impede,
      interfere with, prevent or materially delay the transaction contemplated by
      this
      Agreement, or which would reasonably be expected to dilute materially the
      benefits to Buyer of the transaction contemplated by this
      Agreement.

     

    (B) During
      the term of this Agreement, Seller shall not, nor permit the Company to, (i)
      approve or recommend, consider or evaluate or cause to be considered or
      evaluated, any Acquisition Proposal or (ii) enter into any agreement or
      understanding with respect to any Acquisition Proposal. Seller acknowledges
      and
      agrees that he is not required or obligated in order to comply with any
      fiduciary or other duty to review, consider or take any action with respect
      to
      any Acquisition Proposal (including, without limitation, any action prohibited
      by this Section) during the term of this Agreement.

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    4.9 Public
      Announcements. 

    Neither
      Seller nor Buyer will at any time, without the prior written consent of the
      other, make any announcement, issue any press release or make any statement
      with
      respect to this Agreement or any of the terms or conditions hereof except as
      may
      be necessary to comply with any law, regulation or order and then only after
      written notice to the other party of the timing, context and content of such
      announcement, press release or statement; provided, however, that subsequent
      to
      the Closing Buyer may disclose the consummation of the transaction herein
      contemplated without the consent of the Seller.

    

    4.10 Buyer’s
      Right of Offset. 

    Subject
      to the terms and conditions set forth in Section 4.5, in the event that Seller
      fails to make any payment for indemnification as required of Seller under
      Section 4.2 or Section 4.4 within ten days following Buyer’s written notice of
      demand for payment, Buyer shall be entitled to offset the amount of such payment
      against amounts owing under the Promissory Note.

    

    5 Conditions
      of Closing. 

    

    5.1 Buyer’s
      Conditions of Closing. 

    The
      obligation of Buyer to purchase and pay for the Company Interest shall be
      subject to and conditioned upon the satisfaction (or waiver by Buyer) at the
      Closing of each of the following conditions:

    

    (A) All
      representations and warranties of Seller contained in this Agreement and the
      Schedules hereto shall be true and correct at and as of the Closing Date, Seller
      shall have performed all agreements and covenants and satisfied all conditions
      on its part to be performed or satisfied by the Closing Date pursuant to the
      terms of this Agreement, and Buyer shall have received a certificate of the
      Seller dated the Closing Date to such effect.

    

    (B) There
      shall have been no material adverse change since the date of the Unaudited
      Balance Sheet in the financial condition, business or affairs of the Company,
      and the Company shall not have suffered any material loss (whether or not
      insured) by reason of physical damage caused by fire, earthquake, accident
      or
      other calamity which materially affects the value of its assets, properties
      or
      business, and Buyer shall have received a certificate of the Seller dated the
      Closing Date to such effect.

    

    (C) Seller
      shall have delivered to Buyer a Certificate of the Secretary of State (or other
      authorized officer) of the Company's jurisdiction of incorporation certifying
      as
      of a date reasonably close to the Closing Date that the Company has filed all
      required reports, paid all required fees and taxes, and is, as of such date,
      in
      good standing and authorized to transact business as a domestic
      corporation.

    

    (D) Seller
      shall have delivered the written resignations, effective on the Closing Date,
      of
      all members of the Managing Directors and all officers of the
      Company.

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    (E) Seller
      shall have delivered to Buyer certificates and other instruments representing
      all Company Interest, duly endorsed for transfer or accompanied by appropriate
      stock powers (in either case executed in blank or in favor of Buyer with the
      execution thereof guaranteed by a bank or trust company), together with all
      other documents necessary or appropriate to validly transfer the Company
      Interest to Buyer free and clear of all security interests, liens, encumbrances
      and adverse claims.

    

    (F) Buyer
      shall have received from Jackson, Barlow, Garsek, & Simon, LLP, Att: Henry
      Simon counsel for Seller, an opinion, dated the Closing Date, in form and
      substance satisfactory to Buyer and its counsel.

    

    (G)
      Pritchett, Siler, & Hardy, Certified Public Accountants, shall have
      furnished to Buyer a letter, dated the Closing Date, confirming that they are
      independent certified public accountants with respect to the Company and stating
      in substance that, although they have not conducted an audit or a review of
      any
      financial statements of the Company and therefore are unable to and do not
      express any opinion on the financial position, results of operations, or cash
      flows of the Company, on the basis of a compilation of the balance sheet and
      the
      income statement of the Company as of December 31, 2005 (the “Compiled Balance
      Sheet and Income Statement”) and a reading of the minutes of the meetings of the
      stockholders and the Board of Directors of the Company from inception through
      June 30, 2006, consultations with officers of the Company responsible for
      financial and accounting matters on behalf of the Company, but without
      conducting a compilation, review, or audit of any financial statements
      subsequent to December 31, 2005 and based solely upon representations of
      management of the Company, nothing has come to their attention which in their
      judgment would indicate that: (i) their report on the December 31, 2005 Compiled
      Balance Sheet and Income Statement was not prepared in accordance with
      applicable AICPA standards; and (ii) during the period from the date of the
      Compiled Balance Sheet to the date of the letter, there has been any material
      change in the capital stock or long-term debt of the Company.

    

    (H) Neither
      any investigation of the Company by Buyer, nor the Schedules attached hereto
      or
      any supplement thereto nor any other document delivered to Buyer as contemplated
      by this Agreement, shall have revealed any facts or circumstances which, in
      the
      sole and exclusive judgment of Buyer and regardless of the cause thereof,
      reflect in an adverse way on the Company or its financial condition, assets,
      liabilities (absolute, accrued, contingent or otherwise), reserves, business,
      operations or prospects.

    

    (I)
      Buyer
      understands that it will not have a seat on the Board of Directors for a period
      of six months or until the next election or annual meeting of Compnay.
 

    

    (J) The
      approval and all consents from third parties and governmental agencies required
      to consummate the transactions contemplated hereby shall have been
      obtained.

    

    (K) No
      suit,
      action, investigation, inquiry or other proceeding by any governmental body
      or
      other person or legal or administrative proceeding shall have been instituted
      or
      threatened which questions the validity or legality of the transactions
      contemplated hereby.

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    (L) As
      of the
      Closing, there shall be no effective injunction, writ, preliminary restraining
      order or any order of any nature issued by a court of competent jurisdiction
      directing that the transactions provided for herein or any of them not be
      consummated as so provided or imposing any conditions on the consummation of
      the
      transactions contemplated hereby, which is unduly burdensome on
      Buyer.

    

    5.2 Seller’s
      Conditions of Closing. 

    The
      obligation of Seller to sell the Company Interest shall be subject to and
      conditioned upon the satisfaction (or waiver by Seller) at the Closing of each
      of the following conditions:

    

    (A) All
      representations and warranties of Buyer contained in this Agreement shall be
      true and correct at and as of the Closing Date and Buyer shall have performed
      all agreements and covenants and satisfied all conditions on its part to the
      performed or satisfied by the Closing Date pursuant to the terms of this
      Agreement, and Seller shall have received a certificate of Buyer dated the
      Closing Date to such effect.

    

    (B) Buyer
      shall have effected payment of the Purchase Price in accordance with Section
      1.3
      of this Agreement (i.e., the wire transfer of funds).

    

    (C) Buyer
      shall have delivered to Seller a Certificate of its corporate Secretary
      certifying:

    

    (1) Resolutions
      of its Board of Directors authorizing execution of this Agreement and the
      execution, performance and delivery of all agreements, documents and
      transactions contemplated hereby; and

     

    (2) The
      incumbency of its officers executing this Agreement and all agreements and
      documents contemplated hereby.

    

    (D) Seller
      shall have received from The O’Neal Law Firm (William O’Neal), counsel for
      Buyer, an opinion, dated the Closing Date, in form and substance satisfactory
      to
      Seller and its counsel.

    

    (E) The
      approval and all consents from third parties and governmental agencies required
      to consummate the transactions contemplated hereby shall have been
      obtained.

    

    (F) No
      suit,
      action, investigation, inquiry or other proceeding by any governmental body
      or
      other person or legal or administrative proceeding shall have been instituted
      or
      threatened which questions the validity or legality of the transactions
      contemplated hereby.

    

    (G) As
      of the
      Closing, there shall be no effective injunction, writ, preliminary restraining
      order or any order of any nature issued by a court of competent jurisdiction
      directing that the transactions provided for herein or any of them not be
      consummated as so provided or imposing any conditions on the consummation of
      the
      transactions contemplated hereby, which is unduly burdensome on
      Seller.

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    6 Termination. 

    

    
      
        6.1
          Methods
          of Termination. 

      

    

    The
      transactions contemplated herein may be terminated and/or abandoned at any
      time
      before or after approval thereof by Seller and Buyer, but not later than the
      Closing:

    

    6.1.1  By
      mutual
      consent of Buyer and Seller; or

    

    6.1.2  By
      Buyer,
      if any of the conditions provided for in Section 5.1 hereof shall not have
      been
      met or waived in writing by Buyer at or prior to Closing; or

    

    6.1.3  By
      Seller, if any of the conditions provided for in Section 5.2 hereof shall not
      have been met or waived in writing by Seller at or prior to
      Closing.

    

    6.2 Procedure
      Upon Termination. 

    In
      the
      event of termination by Buyer or Seller, as applicable, pursuant to Section
      6.1
      hereof, written notice thereof shall forthwith be given to the other party
      and
      the transactions contemplated by this Agreement shall be terminated without
      further action by Buyer or Seller. If the transactions contemplated by this
      Agreement are so terminated:

    

    6.2.1 Each
      party will redeliver all documents, work papers and other material of any other
      party relating to the transactions contemplated hereby, whether so obtained
      before or after the execution of this Agreement, to the party furnishing the
      same; and

    

    6.2.2  No
      party
      hereto shall have any liability or further obligation to any other party to
      this
      Agreement except that if such termination is a result of the failure of any
      condition set forth in (i) Sections 5.1(A) through 5.1(F) and 5.1(I) hereof,
      then Buyer shall be entitled to recover from Seller all out-of-pocket costs
      which Buyer has incurred (including reasonable attorney's fees, accounting
      fees
      and expenses); and (ii) Sections 5.2(A) through 5.2(D) hereof, then Seller
      shall
      be entitled to recover from Buyer all out-of-pocket costs which Seller has
      incurred (including reasonable attorney's fees, accounting fees and
      expenses).

     

     

     

     

     

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    7 Miscellaneous. 

    

    7.1 Notice. 

    Any
      notice required or permitted hereunder shall be in writing and shall be
      sufficiently given if personally delivered or mailed by certified or registered
      mail, return receipt requested, addressed as follows:

    

      

    
      
        	 	 If to Buyer:	
                Jeffrey
                  L. Schultz, Pres./CEO

                Secured
                  Financial Network, Inc

                101
                  NE 3rd
                  Ave., Suite 1500

                Ft.
                  Lauderdale, Fl 33301 

              	 
	 	 	 	 
	 	
                Copy
                  to:

              	
                Wm. O’Neal, Esq.

                
                  17100
                    E. Shea Blvd., Suite 400D

                

                
                  Fountainhills,
                    AZ 85268

                

              	 
	 	 	 	 
	 	 If to Seller:	
                Scott
                  Haire

                HEB,
                  LLC

                2225
                  E. Randol Mill Road, Suite 305

                Arlington,
                  TX 76011

              	 
	 	 	 	 
	 	 Copy to: 	 Barlow,
                Garsek, & Simon
                3815
                  Lisbon St.

                Ft.
                  Worth, TX 76107

                Att:
                  Henry Simon

              	 

      

       

    

    (or
      to
      such other address as any party shall specify by written notice so given),
      and
      shall be deemed to have been delivered as of the date so personally delivered
      or
      mailed.

    

    7.2 Execution
      of Additional Documents. 

    The
      parties hereto will at any time, and from time to time after the Closing Date,
      upon request of the other party, execute, acknowledge and deliver all such
      further acts, deeds, assignments, transfers, conveyances, powers of attorney
      and
      assurances as may be reasonably required to carry out the intent of this
      Agreement, and to transfer and vest title to any Company Interest being
      transferred hereunder, and to protect the right, title and interest in and
      enjoyment of all of the Company Interest sold, granted, assigned, transferred,
      delivered and conveyed pursuant to this Agreement; provided, however, that
      this
      Agreement shall be effective regardless of whether any such additional documents
      are executed.

    

    7.3 Binding
      Effect; Benefits. 

    This
      Agreement shall be binding upon and shall inure to the benefit of the parties
      hereto and their respective heirs, successors, executors, administrators and
      assigns. Notwithstanding anything contained in this Agreement to the contrary,
      nothing in this Agreement, expressed or implied, is intended to confer on any
      person other than the parties hereto or their respective heirs, successors,
      executors, administrators and assigns any rights, remedies, obligations or
      liabilities under or by reason of this Agreement.

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    7.4 Entire
      Agreement. 

    This
      Agreement, together with the Exhibits, Schedules and other documents
      contemplated hereby, constitute the final written expression of all of the
      agreements between the parties, and is a complete and exclusive statement of
      those terms. It supersedes all understandings and negotiations concerning the
      matters specified herein. Any representations, promises, warranties or
      statements made by either party that differ in any way from the terms of this
      written Agreement and the Exhibits, Schedules and other documents contemplated
      hereby, shall be given no force or effect. The parties specifically represent,
      each to the other, that there are no additional or supplemental agreements
      between them related in any way to the matters herein contained unless
      specifically included or referred to herein. No addition to or modification
      of
      any provision of this Agreement shall be binding upon any party unless made
      in
      writing and signed by all parties.

    
7.5 Governing
      Law. 

    This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Nevada exclusive of the conflict of law provisions
      thereof.

    

    7.6 Survival. 

    All
      of
      the terms, conditions, warranties and representations contained in this
      Agreement shall survive the Closing.

    

    7.7 Counterparts. 

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

    

    7.8 Headings. 

    Headings
      of the Articles and Sections of this Agreement are for the convenience of the
      parties only, and shall be given no substantive or interpretive effect
      whatsoever.

    

    7.9 Waivers. 

    Either
      Buyer or Seller may, by written notice to the other, (i) extend the time for
      the
      performance of any of the obligations or other actions of the other under this
      Agreement; (ii) waive any inaccuracies in the representations or warranties
      of
      the other contained in this Agreement or in any document delivered pursuant
      to
      this Agreement; (iii) waive compliance with any of the conditions or covenants
      of the other contained in this Agreement; or (iv) waive performance of any
      of
      the obligations of the other under this Agreement. Except as provided in the
      preceding sentence, no action taken pursuant to this Agreement, including
      without limitation any investigation by or on behalf of any party, shall be
      deemed to constitute a waiver by the party taking such action of compliance
      with
      any representations, warranties, covenants or agreements contained in this
      Agreement. The waiver by any party hereto of a breach of any provision hereunder
      shall not operate or be construed as a waiver of any prior or subsequent breach
      of the same or any other provision hereunder.

    

    
      
        7.10
          Merger
          of Documents. 

      

    

    This
      Agreement and all agreements and documents contemplated hereby constitute one
      agreement and are interdependent upon each other in all respects.

    

    7.11 Incorporation
      of Exhibits and Schedules. 

    All
      Exhibits and Schedules attached hereto are by this reference incorporated herein
      and made a part hereof for all purposes as if fully set forth
      herein.

    

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    7.12 Severability. 

    If
      for
      any reason whatsoever, any one or more of the provisions of this Agreement
      shall
      be held or deemed to be inoperative, unenforceable or invalid as applied to
      any
      particular case or in all cases, such circumstances shall not have the effect
      of
      rendering such provision invalid in any other case or of rendering any of the
      other provisions of this Agreement inoperative, unenforceable or
      invalid.

    

    7.13 Assignability. 

    Neither
      this Agreement nor any of the parties' rights hereunder shall be assignable
      by
      any party hereto without the prior written consent of the other parties
      hereto.

    

    

    

    

    [THE
      REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      parties have executed this Agreement and caused the same to be duly delivered
      on
      their behalf on the day and year first above written.

    

    

    SELLER:

    

    Virtual
      Payment Solutions, LLC

     

                                    /s/
      Scott
      Haire

    Scott
      Haire, Managing Director

    

    

    

    BUYER:

    

    Secured
      Financial Network, Inc.

    

    By:
      /s/ Jeffrey Schultz       

    Jeffrey
      Schultz,
      

    Its:
      President and CEO

    

    

    \\Meyers1\company\WDO'Neal\Wade
      Carrigan\Stock Purchase Agt.wpd

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    FORM
      OF
      PROMISSORY NOTE

    

    

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

    FORM
      OF
      EMPLOYMENT CONTRACT

    

    

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    SCHEDULE
      2.8

    JURISDICTIONS
      WHERE COMPANY IS LICENSED TO DO BUSINESS

    

    NEVADA

    UNITED
      STATES

    NEVIS

    ISLE
      OF
      MAN

    

    

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    SCHEDULE
      2.10

    OFFICERS
      AND DIRECTORS OF COMPANY

    

    SCOTT
      HAIRE, MANAGING DIRECTOR

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    SCHEDULE
      2.12

    UNDISCLOSED
      LIABILITIES

    

    NONE

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    SCHEDULE
      2.18

    REAL
      PROPERTY OWNED/LEASED BY COMPANY

    

    

    NONE

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    SCHEDULE
      2.19

    LIST
      OF
      CONTRACTS AND OTHER DATA

    

    

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    SCHEDULE
      2.23

    PENDING
      LITIGATION

    

    

    NONE

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    SCHEDULE
      2.24

    BANK
      ACCOUNTS

    

    

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

    SCHEDULE
      2.26

    INSURANCE
      POLICIESPacel Corp. - Exhibit 10.1 - Stock Transfer Agreement dated September 30, 2006.

    

      Exhibit
        10.1

      

      STOCK
        TRANSFER AGREEMENT

      

      
        	
                DATE:

              	 	
                September
                  30, 2006

              	 
	 	 	 	 
	
                 

              	 	 	 
	
                BETWEEN:

              	 	
                Pacel
                  Corp., a Nevada corporation

              	 
	 	 	
                7621
                  Little Ave., Suite 101

              	 
	 	 	
                Charlotte,
                  NC 28226

              	
                (“Pacel”)

              
	 	 	 	 
	
                AND:

              	 	
                The
                  Resourcing Solutions Group, Inc. a Nevada corporation

              	 
	 	 	
                7621
                  Little Ave., Suite 101

              	 
	 	 	
                Charlotte,
                  NC 28226

              	
                (“Resourcing”)

              

      

      

      RECITALS

       

      A.  Pacel
        holds all of the issued and outstanding common stock of PiedmontHR, Inc.;
        World
        Wide Personnel Services of Maine, Inc. and United Personnel Services, Inc.,
        respectively, (collectively referred to as “ Personnel
        Services”
        and the
        stock thereof referred to as “Personnel
        Stock”);

       

      B.  Resourcing
        is the wholly-owned subsidiary of Pacel and Pacel desires to transfer, assign
        and deliver the Personnel Stock to Resourcing as part of a plan of
        reorganization of Pacel and Personnel Services, pursuant to the terms and
        conditions of this Agreement.

       

      NOW,
        THEREFORE,
        in
        consideration of the mutual promises and agreements set forth herein, the
        parties hereto do hereby agree as follows:

      

      AGREEMENT

      

      1.  Effective
        Date    The
        effective date of this Agreement shall September 30, 2006. (“Effective
        Date”).

      

      2.  Purchase
        of Personnel Stock    At
        the
        Closing, as defined in Section 8 of this Agreement, Pacel shall assign, transfer
        and deliver to Resourcing the Personnel Stock. The purchase price of the
        Personnel Stock shall be $525,000(“Purchase
        Price”).
        The
        Purchase Price shall be paid by a promissory note in the form attached hereto
        as
        Exhibit “A” (“Resourcing
        Note”).
        The
        assignment, transfer, and delivery by Pacel of the Personnel Stock to Resourcing
        shall be effected on the Closing Date by Pacel’s execution and delivery of
        documents and instruments necessary to assign, transfer, and deliver the
        Personnel Stock, free and clear of any and all liens, encumbrances, security
        interests, claims and other restrictions or charges of any kind whatsoever
        in
        exchange for the delivery to Pacel of the Resourcing Note.        

      

        
          
            
              Page
                1 - Stock Transfer Agreement 

            

            
            

          

          
            
            

            
              

            

          

          
            
            

            
              

            

          

        

      

      3.  Warranties and
        Representations of Pacel    Pacel
        warrants and represents to Resourcing, as of the date hereof, as
        follows:

      

      (a)  Pacel
        is
        a corporation duly organized under the laws of the State of Nevada, validly
        existing and in good standing, is authorized to exercise all its corporate
        powers, rights and privileges and has the corporate power and authority to
        own
        and operate its properties and to carry on its businesses as now
        conducted.

       

      (b)  Pacel
        has
        all requisite legal and corporate power to execute and deliver this Agreement,
        consummate the transactions contemplated hereby and perform its obligations
        hereunder.

      

      (c)  All
        corporate action on the part of Pacel necessary for the authorization,
        execution, delivery and performance of all obligations under this Agreement
        will
        be taken and this Agreement constitutes a legal, valid and binding obligation
        enforceable according to its terms.

       

      (d)  Pacel
        has, and will have at Closing, legal and beneficial ownership of the Personnel
        Stock, free and clear of any and all liens and encumbrances or other
        restrictions or limitations and has, and will have at Closing, all required
        legal and corporate power to transfer and convey the Personnel
        Stock.

       

      (e)  There
        are
        no claims, actions, suits, investigations or proceedings against Pacel pending
        or, to the knowledge of Pacel, threatened in any court or before or by any
        governmental authority, or before any arbitrator, that might have an adverse
        effect on Pacel, Personnel Services or the Personnel Stock, and to the knowledge
        of Pacel, there is no basis for any such claim., action, suit, investigation
        or
        proceeding that is likely to result in a judgment, decree or order having
        an
        adverse effect on Pacel, Personnel Services or the Personnel Stock. Pacel
        is not
        in default under, and no condition exists that would (i) constitute a default
        under, or breach or violation of, any legal requirement, permit or contract
        applicable to Pacel or (ii) accelerate or permit the acceleration of the
        performance required under, or give any party the right, to terminate any
        contract. 

      

      (f)  No
        suit,
        action or other proceeding is pending or, or to the knowledge of Pacel,
        threatened before any governmental authority seeking to restrain Pacel or
        prohibit its entry into this Agreement or prohibit the Closing, or seeking
        damages against Pacel as a result of the consummation of this
        Agreement.

       

      (g)  Neither
        the execution and delivery of this Agreement nor the carrying out of any
        of the
        transactions contemplated hereby will:

      

      
        	 	
                i.

              	
                violate
                  or conflict with any of the terms and conditions or provisions
                  of the
                  articles of incorporation or bylaws of Pacel or of Personnel
                  Services;

              

      

      

        
          
            
              Page
                2 - Stock Transfer Agreement 

            

            
            

          

          
            
            

            
              

            

          

          
            
            

            
              

            

          

        

      
        	 	
                ii.

              	
                violate
                  any legal requirement applicable to Pacel or to Personnel
                  Services;

              

      

      

      
        	 	
                iii.

              	
                violate,
                  conflict with, result in a breach of, constitute a default under,
                  or
                  accelerate or permit the acceleration of the performance required
                  by, or
                  give any other party the right to terminate, any contract or permit
                  applicable to Pacel or to Personnel
                  Services;

              

      

      

      
        	
              	iv.	
                result
                  in the creation of any lien, charge or other encumbrance on any
                  property
                  of Pacel or Personnel Services, other than as provided for herein;
                  or        

              

      

      

      
        	 	
                v.

              	
                require
                  Pacel or Personnel Services to obtain or make any waiver, consent,
                  action,
                  approval or authorization of, or registration, declaration, notice
                  or
                  filing with, any private non-governmental third party or any governmental
                  authority.

              

      

       

      4.  
        Warranties
        and Representations of
        Resourcing    Resourcing
        warrants and represents to Pacel as follows:

      

      (a)  Resourcing
        is a corporation duly organized under the laws of the State of Nevada, validly
        existing and in good standing, is authorized to exercise all its corporate
        powers, rights and privileges and has the corporate power and authority to
        own
        and operate its properties and to carry on its businesses as now
        conducted.

      

      (b)  Resourcing
        has all requisite legal and corporate power to execute and deliver this
        Agreement, consummate the transactions contemplated hereby and perform its
        obligations hereunder.

       

      (c)  All
        corporate action on Resourcing’s part necessary for the authorization,
        execution, delivery and performance of all obligations under this Agreement
        and
        for the issuance and delivery of the Resourcing Note will be taken, and this
        Agreement constitutes a legal, valid and binding obligation of Resourcing
        enforceable according to its terms.

       

      (d)  Neither
        the execution and delivery of this Agreement nor the carrying out of any
        of the
        transactions contemplated hereby will:

      

      
        	 	
                i.

              	
                violate
                  or conflict with any of the terms and conditions or provisions
                  of the
                  articles of incorporation or bylaws of
                  Resourcing;

              

      

      

      
        	 	
                ii.

              	
                violate
                  any legal requirement applicable to
                  Resourcing;

              

      

      

      
        	 	
                iii.

              	
                violate,
                  conflict with, result in a breach of, constitute a default under,
                  or
                  accelerate or permit the acceleration of the performance required
                  by, or
                  give any other party the right to terminate, any contract or permit
                  applicable to Resourcing;

              

      

      

        
          
            
              Page
                3 - Stock Transfer Agreement 

            

            
            

          

          
            
            

            
              

            

          

          
            
            

            
              

            

          

        

      
        	 	
                iv.

              	
                result
                  in the creation of any lien, charge or other encumbrance on any
                  property
                  of Resourcing; or

              

      

      

      
        	 	
                v.

              	
                require
                  Resourcing to obtain or make any waiver, consent, action, approval
                  or
                  authorization of, or registration, declaration, notice or filing
                  with, any
                  private non-governmental third party or any governmental
                  authority.

              

      

      

      (e)  No
        suit,
        action or other proceeding is pending or, to Resourcing’s best knowledge,
        threatened before any governmental authority seeking to restrain Resourcing
        or
        prohibit entry into this Agreement or prohibit the Closing, or seeking damages
        against Resourcing or its properties as a result of the consummation of this
        Agreement.

      

      (f)  The
        Resourcing Note, when issued and delivered in accordance with the terms of
        this
        Agreement and for the consideration expressed herein, shall be duly and validly
        issued.

       

      5. 
        Covenants.

       

      5.1  Approval
        of Directors    Prior
        to
        the effective date of this Agreement, Pacel and Resourcing, to the extent
        required, shall each hold a special meeting of their respective Boards of
        Directors to approve the Agreement and the transactions contemplated
        thereby.

       

      5.2  Third
        Party Consents    Resourcing
        and Pacel each agree to use their respective best efforts to obtain, as soon
        as
        reasonably practicable, all permits, authorizations, consents, waivers and
        approvals from third parties or governmental authorities necessary to consummate
        this Agreement and the transactions contemplated hereby.

       

      6. 
        Closing    Subject
        to the satisfaction of the conditions set forth in Section 9 and Section
        10 of
        this Agreement, the closing of the transactions contemplated hereby
        (“Closing”)
        shall
        be held at 7621 Little Ave., Suite 101, Charlotte, North Carolina. The date
        upon
        which the Closing occurs is hereinafter referred to as the “Closing Date”. If by
        the close of business on September 30, 2006,
        Closing
        has not occurred, then either party hereto may terminate this Agreement by
        written notice to such effect to the other party without liability to any
        other
        party to this Agreement unless the reason for the Closing having not occurred
        is (i)
        such
        party’s willful breach of this Agreement, or (ii) , if all of the conditions to
        such party’s obligations set forth in Section 7 and Section 8 of this
        Agreement have
        been
        satisfied or waived in writing by the date scheduled for the Closing, the
        failure of such party to perform its obligations under this Agreement on
        such
        date. However, any termination pursuant to this Section 6 shall not relieve
        any
        party hereto who was responsible for Closing having not occurred of liability
        for such party’s willful breach of this Agreement or the failure of such party
        to perform its obligations under this Agreement on such date.

      

        
          
            
              Page
                4 - Stock Transfer Agreement 

            

            
            

          

          
            
            

            
              

            

          

          
            
            

            
              

            

          

        

      

      7. 
        Conditions
        to Obligations of Resourcing    The
        obligations of Resourcing to carry out the transactions contemplated by this
        Agreement are subject, at the option of the Resourcing, to the satisfaction,
        or
        waiver by Resourcing, of the following conditions:

       

      (a)    All
        warranties and representations of Pacel contained in this Agreement shall
        be
        true and correct in all material respects as of the Closing and Pacel shall
        have
        performed and satisfied in all material respects all agreements and covenants
        required by this Agreement to be performed or satisfied by it at or prior
        to the
        Closing.

       

      (b)    As
        of the
        Closing Date, no suit, action, or other proceeding, shall be pending or
        threatened before any court or governmental agency seeking to restrain
        Resourcing or prohibit the Closing or seeking damages against Resourcing
        as a
        result of the consummation of this Agreement.

       

      (c)    Since
        the
        date of this Agreement and up to and including the Closing there have not
        been:

       

      
        	 	
                i.

              	
                any
                  changes in the business, operations, prospects or financial condition
                  of
                  Resourcing that had or might have a material adverse effect on
                  Resourcing;
                  or

              

      

       

      
        	 	
                ii.

              	
                any
                  damage, destruction or loss to Resourcing that had or might have
                  an
                  adverse effect on Resourcing.

              

      

       

      (d)    Pacel
        shall have furnished Resourcing with a copy of all necessary corporate action
        on
        its behalf approving Pacel’s execution, delivery and performance of this
        Agreement.

       

      (e)    Resourcing
        shall have received written evidence, in form and substance satisfactory
        to it,
        of the consent to the transactions contemplated by this Agreement of all
        governmental and private third parties where the absence of any such consent
        would result in a violation of law or breach or default under any agreement
        to
        which Resourcing is a party.

      

      8. 
        Conditions
        to Obligations of Pacel    The
        obligations of Pacel to carry out the transactions contemplated by this
        Agreement are subject, at the option of the Pacel, to the satisfaction or
        waiver
        by Pacel, of the following conditions:

       

      (a)  Resourcing
        shall have furnished Pacel with copies of all necessary corporate action
        on its
        behalf approving the execution, delivery and performance of this
        Agreement.

       

      (b)
          All
        warranties and representations of Resourcing contained in this Agreement
        shall
        be true and correct in all material respects as of the Closing and Resourcing
        shall have performed and satisfied in all material respects all agreements
        and
        covenants required by this Agreement to be performed or satisfied by it at
        or
        prior to the Closing.

      

        
          
            
              Page
                5 - Stock Transfer Agreement 

            

            
            

          

          
            
            

            
              

            

          

          
            
            

            
              

            

          

        

      

      (c)  As
        of the
        Closing Date, no suit, action, or other proceeding, shall be pending or
        threatened before any court or governmental agency seeking to restrain Pacel
        or
        Personnel Services or prohibit the Closing or seeking damages against Pacel
        or
        Personnel Services as a result of the consummation of this
        Agreement.

       

      9. 
        Indemnification    Pacel
        agrees to indemnify and hold harmless Resourcing from and against any and
        all
        damages, liabilities, obligations, penalties, fines, judgments, claims,
        deficiencies, losses, costs, expenses and assessments arising out of, resulting
        from or in any way related to (a) a breach of, or failure to perform or satisfy
        any of, the warranties and representations, covenants and agreements made
        by
        Pacel in this Agreement or in any document or certificate delivered by Pacel
        at
        the Closing, or (b) the existence of any liabilities or obligations of Personnel
        Services, other than those disclosed to Resourcing.

       

      10. 
        Public
        Announcements    Neither
        party shall issue or approve a news release or other public announcement
        concerning the transactions contemplated by this Agreement without the prior
        written consent of the other as to the contents of the announcement and its
        release, which approval shall not be unreasonably withheld.      

       

      11. 
        Expenses    Each
        party shall bear the costs and expenses of its own fees and expenses of
        professional advisors and other costs relating to this Agreement.

       

      12. 
        Arbitration
        Required/Mediation First Option    Any
        dispute or claim that arises out of or that relates to this agreement, or
        to the
        interpretation or breach thereof, or to the existence, scope, or validity
        of
        this agreement or the arbitration agreement, shall be resolved by arbitration
        in
        accordance with the then effective arbitration rules of American Arbitration
        Association. Judgment upon the award rendered pursuant to such arbitration
        may
        be entered in any court having jurisdiction thereof. The parties acknowledge
        that mediation usually helps parties to settle their dispute. Therefore,
        any
        party may propose mediation whenever appropriate through the organization
        named
        above or any other mediation process or mediator as the parties may agree
        upon.

       

      13. 
        Binding
        Effect    This
        Agreement shall be binding upon and inure to the benefit of the parties hereto
        and their respective successors and assigns; but neither this Agreement nor
        any
        of the rights, benefits or obligations hereunder shall be assigned, by operation
        of law or otherwise, by either party hereto without the prior written consent
        of
        the other party, which approval shall not be unreasonably withheld. 

       

      14. 
        Survival
        of Warranties and Representations    The
        warranties and Representations of the parties as set forth in this Agreement
        are
        the exclusive warranties and representations of the parties. All warranties
        and
        representations, covenants and agreements by the parties to this Agreement
        shall
        expressly survive the Closing.

       

      15. 
        Governing
        Law    This
        Agreement and the documents and instruments delivered pursuant hereto shall
        be
        governed by and construed in accordance with the laws of the State of North
        Carolina. Each party hereto irrevocably submits to the jurisdiction of the
        court
        of

      

        
          
            
              Page
                6 - Stock Transfer Agreement 

            

            
            

          

          
            
            

            
              

            

          

          
            
            

            
              

            

          

        

      

       the
        State of North Carolina, in any action or proceeding arising out of or relating
        to this Agreement. Each party hereto consents to service of process by any
        means
        authorized by applicable law and waives the defense of an inconvenient form
        to
        the maintenance of such action or proceeding in any such court.

       

      16. 
        Severability    The
        provisions of this Agreement are severable. If any one or more provisions
        may be
        determined to be illegal or otherwise unenforceable, in whole or in part,
        the
        remaining provisions, to the extent enforceable, shall nevertheless be binding
        and enforceable.

       

      17. 
        Non-Waiver    Failure
        by any party at any time to require performance of the other party of the
        provisions of this Agreement shall in no way affect any party’s rights hereunder
        to enforce the same, nor shall any such waiver by either party of any breach
        be
        held to be a waiver of any succeeding breach or waiver of this
        clause.

       

      18. 
        Remedies    The
        rights and remedies provided by this Agreement are cumulative and the use
        of any
        one right or remedy by any party hereto shall not preclude or constitute
        a
        waiver of its rights to use any or all other remedies. Such rights and remedies
        are given in addition to any other rights and remedies a party may have by
        law,
        statute or otherwise.

       

      19. 
        Attorneys’
        Fees    In
        the
        event suit or action is brought, or an arbitration proceeding is initiated,
        to
        enforce or interpret any of the provisions of this agreement, or that arise
        out
        of or relate to this agreement, the prevailing party shall be entitled to
        reasonable attorney’s fees in connection therewith. The determination of who is
        the prevailing party and the amount of reasonable attorney's fees to be paid
        to
        the prevailing party shall be decided by the arbitrator(s) (with respect
        to
        attorney's fees incurred prior to and during the arbitration proceedings)
        and by
        the court or courts, including any appellate court, in which such matter
        is
        tried, heard, or decided, including a court that hears a request to compel
        or
        stay litigation or that hears any exceptions or objections to, or requests
        to
        modify, correct, or vacate, an arbitration award submitted to it for
        confirmation as a judgment (with respect to attorney's fees incurred in such
        court proceedings).

       

      20. 
        Entire
        Agreement    This
        Agreement, together with all exhibits attached hereto, constitutes the entire
        agreement between the parties with respect to the subject matter hereof and
        supersedes all prior agreements, understandings, negotiations and discussions,
        whether oral or written, by any of the parties or by any officer or
        representative of any party. No amendment or modification of this Agreement
        shall be binding unless executed in writing by the party to be bound
        thereby.

       

      21. 
        Counterparts    This
        Agreement may be executed in one or more counterparts, each of which shall
        be
        deemed to be an original, but all of which together shall constitute one
        and the
        same instrument

      

        
          
            
              Page
                7 - Stock Transfer Agreement 

            

            
            

          

          
            
            

            
              

            

          

          
            
            

            
              

            

          

        

      

      IN
        WITNESS WHEREOF,
        the
        parties have executed this Agreement on the dates indicated below.

       

      PACEL
        CORP

       

      By:/s/
        Gary Musselman    

      Title:
        President/Chief Executive Officer

       

      THE
        RESOURCING SOLUTIONS GROUP, INC.

       

      By:/s/
        Gary Musselman    

      Title:
        President/Chief Executive Officer

       

      

        Date:
          September 30, 2006

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      Page
        8 - Stock Transfer Agreement

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

       

      NON-NEGOTIABLE
        PROMISSORY NOTE 

       

      
        
          	 September 30, 2006	
                   
                    $
                    525,000.00

                

        

      

       

      

       

      FOR
        VALUE RECEIVED, THE
        RESOURCING SOLUTIONS GROUP, INC, a Nevada corporation
        (“Resourcing”),
        promises to pay to the order of PACEL CORP., a Nevada corporation (“Holder”),
        the
        principal sum of FIVE HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($525,000.00)
        with
        interest thereon at the rate of 6 % per annum from the date hereof. The entire
        principal balance and accrued interest shall be due and payable on September
        30,
        2007.

       

      This
        Note
        is issued pursuant to the terms and conditions of a Stock Transfer Agreement
        between Resourcing and Holder dated September 30, 2006.

       

      
        	1.  	
                Prepayment:
                  This Note may be prepaid, at any time, without the consent of
                  Holder.

              

      

       

      
        	2.  	
                Payments:
                  All payments under this Note shall be made to Holder at 7621 Little
                  Ave.
                  Suite 101, Charlotte, NC 28226, other place Holder may specify
                  in writing.
                  

              

      

       

      
        	3.  	
                Acceleration:
                  The entire principal balance of this Note, plus any accrued but
                  unpaid
                  interest, shall be immediately due and payable, at the option of
                  Holder,
                  upon the occurrence of any Event of Default described in Section
                  4
                  herein.

              

      

       

      
        	              4.	
                Events
                  of Default:
                  The following are “Events of Default” under this
                  Note:

              

      

      

      
        	
              	(a)	
                Resourcing
                  fails to pay when due any of the obligations under this Note or
                  fails to
                  perform any of the terms or covenants of this
                  Note;

              

      

      

      
        	
              	(b)	
                Resourcing
                  makes an assignment for the benefit of
                  creditors;

              

      

      

      
        	
              	(c)	
                Any
                  petition or application for relief under the bankruptcy laws of
                  the United
                  States now or hereafter in effect or under any insolvency, reorganization,
                  receivership, readjustment of debt, dissolution or liquidation
                  law or
                  statute of any jurisdiction now or hereafter in effect is filed
                  by or
                  against Pacel.

              

      

       

      
        	              5.	
                Remedies
                  on Default  

              

      

      

      
        	 	
                Upon
                  the occurrence of an Event of Default, and if such Event of Default
                  is not
                  remedied within ten (10) days after Holder’s written notice of such Event
                  of Default, then all of the obligations due under this Note shall
                  become
                  due and payable at once, at the option of Holder, without further
                  notice
                  or demand, which notice and demand is hereby specifically waived.
                  In the
                  event of such an Event of Default and/or acceleration of the payment
                  of
                  the obligations under this Note, Holder shall have all rights and
                  remedies
                  provided in this Note or other applicable law. All rights and remedies
                  of
                  Holder are cumulative, not exclusive, and are enforceable, in Holder’s
                  discretion, alternatively, successively or concurrently on any
                  one or more
                  occasions and in any order Holder may determine. The Holder may
                  exercise
                  the option to accelerate in its discretion after such Event of
                  Default
                  regardless of any prior
                  forbearance.

              

      

       

      

      
        
          
            Exhibit
              A

            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      

      
        	             
                6.	
                Waivers: 

              

      

      

      Presentment,
        notice of dishonor, and protest are hereby waived by Pacel, any sureties,
        guarantors, and endorsers, and shall be binding upon them and their successors
        and assigns. 

      

      
        	             
                7.	
                Jurisdiction
                  and Governing Law: 

              

      

      

      This
        Note
        shall be governed by and construed in accordance with the laws of the State
        of
        North Carolina. Resourcing and Holder consent to jurisdiction exclusively
        in the
        courts of the State of North Carolina.

      

      
        	             
                8.	
                Notices: 

              

      

       

      All
        notices, requests, demands, and other communications (“Notices”)
        which
        are
        required or permitted to be given under this Note shall be in writing and
        shall
        be deemed to have been duly given upon delivery or two business days after
        sending such Notices by a reliable overnight or two-day air courier, as the
        case
        may be, to the party to receive such Notices at the address such party may
        designate by notice to the other party. Such Notices shall be deemed sufficient
        to effect service of process and establish personal jurisdiction.

       

      THE
        RESOURCING SOLUTIONS GROUP, INC.

       

      /s/
        Gary
        Musselman

      President/Chief
        Executive Officer

       

       

       

       

       

       

       

       

       

       

       

      
        Exhibit
          A

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