Document:

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                                                                   EXHIBIT 10.11

                              OPERATING AGREEMENT
                                      FOR
                              MED ENCLOSURES, LLC
                      A NEVADA LIMITED LIABILITY COMPANY

     This Operating Agreement (this "Agreement") is made as of November 5, 1999
by and between CPC OF AMERICA, INC., a Nevada corporation ("CPC"), and GENE
MYERS ENTERPRISES, INC., a Florida corporation (collectively referred to as the
"Members" or individually as a "Member").

     A.   The Members will cause to be filed the Articles of Organization (the
"Articles") for Med Enclosures, LLC (the "Company"), a limited liability company
under the laws of the State of Nevada, with the Nevada Secretary of State.

     B.   The Members desire to adopt and approve an operating agreement for the
Company under the Nevada Limited Liability Company Act (the "Act").

     NOW, THEREFORE, the Members by this Agreement set forth the operating
agreement for the Company upon the terms and subject to the conditions of this
Agreement.

                                   ARTICLE I
                            ORGANIZATIONAL MATTERS

     1.1  Name.  The name of the Company shall be "Med Enclosures, LLC."  The
          ----
Company may conduct business under that name or any other name approved by the
Members.

     1.2  Term.  The term of the Company shall commence as of the date of the
          ----
filing of the Certificate and, unless sooner terminated under Section 9.1, shall
terminate on December 31, 2023.

     1.3  Office and Agent.  The Company shall continuously maintain an office
          ----------------
and registered agent in the State of Nevada as required by the Act.  The
principal office of the Company shall be at 1133 Fourth Street, Suite 200,
Sarasota, Florida 34236 or such location as the Members may determine.  The
registered agent shall be as stated in the Articles or as otherwise determined
by the Members.

     1.4  Business of the Company.  The principal purpose of the Company is to
          -----------------------
manufacture, market and develop puncture closing devices and procedures for
arterial closures, including the patented procedure known as the "Myers
Solution," as well as such other activities directly related to the foregoing
business as may be necessary, advisable or appropriate, in the reasonable
opinion of the Managing Member to further the foregoing business.

                                   ARTICLE II
                              CAPITAL CONTRIBUTIONS
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     2.1  Capital Contributions.  Each Member shall make an initial contribution
          ---------------------
to the capital of the Company shown opposite the Member's name on Exhibit A
attached hereto.  No Member shall be required to make any additional
contributions to the capital of the Company.  Additional contributions to the
capital of the Company shall be made only with the unanimous consent of the
Members.  If additional contributions to the capital of the Company are required
by such unanimous consent, the Members shall have the right, but shall not be
obligated, to make additional contributions to the Company's capital, if they
wish to do so, to preserve the level of their Membership Interests (as defined
in Section 2.2).  Immediately following any such additional capital
contributions, the Membership Interests shall be adjusted by the Manager to
reflect the new relative proportions of the Capital Accounts (as defined in
Section 2.2) of the Members.  Except as provided in this Agreement, no Member
may withdraw his or her capital contribution.

     2.2  Capital Accounts.  The Company shall establish an individual capital
          ----------------
account ("Capital Account") for each Member.  The Company shall determine and
maintain each Capital Account in accordance with Treasury Regulations Section
1.704-1(b)(2)(iv).  Each Member shall have a membership interest ("Membership
Interest") in the Company, which shall consist of a Member's entire interest in
the Company, including the Member's economic interest and the Member's right to
vote and participate in the management.  A Member's Membership Interest shall be
determined by dividing the total dollar amount of the Member's Capital Account
by the total dollar amount of all Capital Accounts of all Members.  Upon a valid
transfer of a Member's Membership Interest in accordance with Article VI, such
Member's Capital Account shall carry over to the new owner.

     2.3  Other Classes of Interests. The Company is authorized to issue
          --------------------------
additional classes of Membership Interests upon such terms and conditions as the
Manager may from time to time determine.

     2.4  No Interest.  The Company shall not pay any interest on capital
          -----------
contributions.

                                  ARTICLE III
                                    MEMBERS

     3.1  Admission of Additional Members.  Additional Members may be admitted
          -------------------------------
with the consent of the Members holding a majority of the Membership Interests,
provided that such terms shall not give the additional Member greater rights
than the existing Members have unless such rights are also extended to the
existing Members on the same terms as such rights are offered to the additional
Members.  Additional Members will participate in the "Net Profits", "Net Losses"
(as such terms are defined in Section 5.1), and distributions of the Company on
such terms as are determined by the Members.  Exhibit A shall be amended upon
the admission of an additional Member to set forth such Member's name and
capital contribution.

     3.2  Withdrawals or Resignations.  Any Member who is under an obligation to
          ---------------------------
render services to the Company may withdraw or resign as a Member at any time
upon 90 days prior written notice to the Company, without prejudice to the
rights, if any, of the Company or the other Members under any contract to which
the withdrawing Member is a party.  In the event of such withdrawal, such
Member's Membership Interest shall be terminated, such Member shall thereafter
only have the rights of a transferee as described in Section 6.3 and such
Membership

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Interest shall be subject to purchase and sale as provided in Section 7.2. No
other Member may withdraw, retire or resign from the Company

     3.3  Payments to Members.  Except as specified in this Agreement or
          -------------------
pursuant to a transaction permitted by Section 4.9, no Member or person or
entity controlled by, controlling or under common control with the Member (each
such person or entity is defined as an "Affiliate"), is entitled to remuneration
for services rendered or goods provided to the Company.  However, the Company
shall reimburse the Members and their Affiliates for organizational expenses
(including, without limitation, legal and accounting fees and costs) incurred to
form the Company, prepare the Articles and this Agreement and, as approved by
the Manager, for the reasonable and actual out-of-pocket expenses incurred on
behalf of the Company.

                                  ARTICLE IV
                     MANAGEMENT AND CONTROL OF THE COMPANY

     4.1  Management of the Company by the Manager.
          ----------------------------------------

          A.   Exclusive Management by the Manager.  The business, property and
               -----------------------------------
affairs of the Company shall be managed exclusively by the Manager.  Except for
situations in which the approval of the Members is expressly required by the
Certificate or this Agreement, the Manager shall have full, complete and
exclusive authority, power, and discretion to manage and control the business,
property and affairs of the Company, to make all decisions regarding those
matters and to perform any and all other acts customary or incident to the
management of the Company's business, property and affairs.

          B.   Election of the Initial Manager.  CPC is hereby designated as the
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initial Manager.

          C.   Agency Authority of the Manager.  The Manager is authorized to
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endorse checks, drafts, and other evidences of indebtedness made payable to the
order of the Company and to sign contracts and obligations on behalf of the
Company.

     4.2  Election of the Manager.
          -----------------------

          A.   Number, Term, and Qualifications.  The Company shall have one
               --------------------------------
Manager. Unless CPC (or any successor Manager) resigns or is removed, the
Manager shall hold office until a successor shall have been elected and
qualified. Subject to Section 4.5, the Manager shall be elected by the
affirmative vote or written consent of Members holding a majority of the
Membership Interests.

          B.   Resignation. The Manager may resign at any time by giving written
               -----------
notice to the Members without prejudice to the rights, if any, of the Company
under any contract to which the Manager is a party.  The resignation of the
Manager shall take effect upon receipt of that notice or at such later time as
shall be specified in the notice; and, unless otherwise specified in the notice,
the acceptance of the resignation shall not be necessary to make it effective.
The resignation of the Manager who is also a Member shall not affect the
Manager's rights as a Member and shall not constitute a withdrawal of a Member.

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          C.     Removal.  The Manager may be removed at any time, with or
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without cause, by the affirmative vote of the Members holding a majority of the
Membership Interests at a meeting called expressly for that purpose, or by the
written consent of the Members holding a majority of the Membership Interests.
Any removal shall be without prejudice to the rights, if any, of the Manager
under any employment contract and, if the Manager is also a Member, shall not
affect the Manager's rights as a Member or constitute a withdrawal of a Member.

          D.     Vacancies.  Any vacancy occurring for any reason in the
                 ---------
position of Manager may be filled by the affirmative vote or written consent of
Members holding a majority of the Membership Interests.

     4.3  Powers of the Manager.  Without limiting the generality of Section
          ---------------------
4.1A, but subject to Section 4.4 and to the express limitations set forth
elsewhere in this Agreement, the Manager shall have all necessary powers to
manage and carry out the purposes, business, property, and affairs of the
Company, including, without limitation, the power to exercise on behalf and in
the name of the Company all of the powers described in Section 86-281 of the
Act.

     4.4  Limitations on Power of the Manager.  Notwithstanding any other
          -----------------------------------
provision of this Agreement, the Manager shall not have authority to cause the
Company to engage in the following transactions without first obtaining the
approval of the Members holding a majority of the Membership Interests.

          (i)    The sale, exchange or other disposition of all, or
substantially all, of the Company's assets occurring as part of a single
transaction or plan, or in multiple transactions over a twelve (12) month
period, except in the orderly liquidation and winding up of the business of the
Company upon its duly authorized dissolution.

          (ii)   The merger of the Company with another limited liability
company or corporation, general partnership, limited partnership or other
entity.

          (iii)  An alteration of the authorized businesses of the Company as
set forth in Section 1.4.

          (iv)   Any act which would make it impossible to carry on the ordinary
business of the Company.

          (v)    The confession of a judgment against the Company.

          (vi)   Any other transaction described in this Agreement as requiring
the approval, consent or vote of the Members holding a majority of the
Membership Interests.

     4.5  Salaries.  No Member or Manager may receive a salary unless the
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Members holding a majority of the membership Interests agree to such salary.
Otherwise, all payments or distributions shall be made to Members in accordance
with their Percentage Interests.

     4.6  Member Approval.  No annual or regular meetings of the Members are
          ---------------
required to be held.  However, if such meetings are held, such meetings shall be
noticed, held and conducted pursuant to the Act.  In any instance in which the
approval of the Members is required under this Agreement, such approval may be
obtained in any manner permitted by the Act.  Unless

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otherwise provided in this Agreement, approval of the Members shall mean the
approval of Members holding a majority of the Membership Interests.

     4.7  Devotion of Time.  Each Member shall devote whatever time or effort as
          ----------------
he or she deems appropriate for the furtherance of the Company's business.

     4.8  Competing Activities; Confidentiality.
          -------------------------------------

          A.   Competing Activities.  Until the occurrence of a Dissolution
               --------------------
Event (as defined in Section 7.1), neither the Members nor their Affiliates may
engage, participate or invest in any activity that might be in direct or
indirect competition with the Company, except as expressly provided herein.

     Nothing in this Agreement shall in any way prevent or limit the Members
from engaging in any commercial activity following a Dissolution Event that
competes with the business of another Member or with the business of the
Company.  Further, nothing in this Agreement shall in any way prevent or limit
Former Members (as defined in Section 7.1) from engaging in any commercial
activity that competes with the business of another Member or with the business
of the Company.

          B.   Confidentiality.  Prior to a Dissolution Event, each Member
               ---------------
agrees not to disclose or provide any Confidential Information to any third
party without the consent of the Manager and each Member agrees to take all
necessary measures to prevent any such disclosure by their respective officers,
directors, managers, employees, agents or representatives. For purposes of this
Agreement, the term "Confidential Information" shall refer to the terms of this
Agreement and all information which is directly or indirectly disclosed by one
Member to another during the negotiation or performance of this Agreement,
regardless of the form in which it is disclosed, relating in any way to any
Member's markets, customers, products, patents, inventions, proprietary
information, procedures, processes, methods, designs, strategies, know-how,
plans, assets, liabilities, costs, expenses, revenues, profits, organization,
officers, directors, employees, representatives, agents or business in general.
Any information which a party considers or treats as confidential or is
obligated to treat as confidential will be deemed Confidential Information.

     4.9  Transactions between the Company and the Members.  Notwithstanding
          ------------------------------------------------
that it may constitute a conflict of interest, the Members and their Affiliates
may engage in any transaction with the Company so long as such transaction is
not expressly prohibited by this Agreement and so long as the terms and
conditions of such transaction, on an overall basis, are fair and reasonable to
the Company and are at least as favorable to the Company as those that are
generally available from persons capable of similarly performing them or if
Members holding a majority of the Membership Interests having no interest in
such transaction (other than their interests as Members) approve the transaction
in writing after full disclosure.

                                   ARTICLE V
          ALLOCATIONS OF NET PROFITS AND NET LOSSES AND DISTRIBUTIONS

     5.1  Definitions.  When used in this Agreement, the following terms shall
          -----------
have the meanings set forth below:

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          "Code" shall mean the Internal Revenue Code of 1986, as amended from
           ----
time to time, the provisions of succeeding law, and to the extent applicable,
the Treasury Regulations.

          "Company Minimum Gain" shall have the meaning ascribed to the term
           --------------------
"Partnership Minimum Gain" in the Treasury Regulations Section 1.704-2(d).

          "Member Nonrecourse Debt" shall have the meaning ascribed to the term
           -----------------------
"Partner Nonrecourse Debt" in Treasury Regulations Section 1.704-2(b)(4).

          "Member Nonrecourse Deduction" shall mean items of Company loss,
           ----------------------------
deduction, or Code Section 705(a)(2)(B) expenditures which are attributable to
Member Nonrecourse Debt.

          "Net Profit" and "Net Loss" shall mean the income, gain, loss,
           ----------       --------
deductions, and credits of the Company in the aggregate or separately stated, as
appropriate, determined in accordance with the method of accounting at the close
of each fiscal year employed on the Company's information tax return filed for
federal income tax purposes.

          "Nonrecourse Liability" shall have the meaning set forth in Treasury
           ---------------------
Regulations Section 1.752-1(a)(2).

          "Treasury Regulations" shall mean the final or temporary regulations
           --------------------
that have been issued by the U.S. Department of Treasury pursuant to its
authority under the Code, and any successor regulations.

     5.2  Allocations of Net Profit and Net Loss.
          --------------------------------------

          A.   Net Loss.  Net Loss shall be allocated to the Members in
               --------
proportion to their Membership Interest. Notwithstanding the previous sentence,
loss allocations to a Member shall be made only to the extent that such loss
allocations will not create a deficit Capital Account balance for that Member in
excess of an amount, if any, equal to such Member's share of Company Minimum
Gain that would be realized on a foreclosure of the Company's property. Any loss
not allocated to a Member because of the foregoing provision shall be allocated
to the other Members (to the extent the other Members are not limited in respect
of the allocation of losses under this Section 5.2A). Any loss reallocated under
this Section 5.2A shall be taken into account in computing subsequent
allocations of income and losses pursuant to this Article V, so that the net
amount of any item so allocated and the income and losses allocated to each
Member pursuant to this Article V, to the extent possible, shall be equal to the
net amount that would have been allocated to each such Member pursuant to this
Article V if no reallocation of losses had occurred under this Section 5.2A.
Notwithstanding any other provision of this Agreement, Local Partner shall not
be responsible for funding any portion, proration or allocation of any operating
loss incurred by the Company beyond or exceeding its initial capital
contribution.

          B.   Net Profit.  Net Profit shall be allocated to the Members in
               ----------
proportion to their Membership Interests.

     5.3  Special Allocations.  Notwithstanding Section 5.2.
          -------------------

          A.   Minimum Gain Chargeback.  If there is a net decrease in Company
               -----------------------
Minimum Gain during any fiscal year, each Member shall be specially allocated
items of

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Company income and gain for such fiscal year (and, if necessary, in subsequent
fiscal years) in an amount equal to the portion of such Member's share of the
net decrease in Company Minimum Gain that is allocable to the disposition of
Company property subject to a Nonrecourse Liability, which share of such net
decrease shall be determined in accordance with Treasury Regulations Section
1.704-2(g)(2). Allocations pursuant to this Section 5.3A shall be made in
proportion to the amounts required to be allocated to each Member under this
Section 5.3A. The items to be so allocated shall be determined in accordance
with Treasury Regulations Section 1.704-2(f). This Section 5.3A is intended to
comply with the minimum gain chargeback requirement contained in Treasury
Regulations Section 1.704-2(f) and shall be interpreted consistently therewith.

          B.   Chargeback of Minimum Gain Attributable to Member Nonrecourse
               -------------------------------------------------------------
Debt. If there is a net decrease in Company Minimum Gain attributable to a
----
Member Nonrecourse Debt, during any fiscal year, each member who has a share of
the Company Minimum Gain attributable to such Member Nonrecourse Debt (which
share shall be determined in accordance with Treasury Regulations Section 1.704-
2(i)(5)) shall be specially allocated items of Company income and gain for such
fiscal year (and, if necessary, in subsequent fiscal years) in an amount equal
to that portion of such Member's share of the net decrease in Company Minimum
Gain attributable to such Member Nonrecourse Debt that is allocable to the
disposition of Company property subject to such Member Nonrecourse Debt (which
share of such net decrease shall be determined in accordance with Treasury
Regulations Section 1.704-2(i)(5)). Allocations pursuant to this Section 5.3B
shall be made in proportion to the amounts required to be allocated to each
Member under this Section 5.3B. The items to be so allocated shall be determined
in accordance with Treasury Regulations Section 1.704-2(i)(4). This Section 5.3B
is intended to comply with the minimum gain chargeback requirement contained in
Treasury Regulations Section 1.704-2(i)(4) and shall be interpreted consistently
therewith.

          C.   Nonrecourse Deductions.  Any nonrecourse deductions (as defined
               ----------------------
in Treasury Regulations Section 1.704-2(b)(1) for any fiscal year or other
period shall be specifically allocated to the Members in proportion to their
Membership Interests.

          D.   Member Nonrecourse Deductions.  Those items of Company loss,
               -----------------------------
deduction, or Code Section 705(a)(2)(B) expenditures which are attributable to
Member Nonrecourse Debt for any fiscal year or other period shall be
specifically allocated to the Member who bears the economic risk of loss with
respect to the Member Nonrecourse Debt to which such items are attributable in
accordance with Treasury Regulations Section 1.704-2(i).

          E.   Qualified Income Offset.  If a Member unexpectedly receives any
               -----------------------
adjustments, allocations, or distributions described in Treasury Regulations
Section 1.704-1(b)(2)(ii)(d)(4), (5) or (6), or any other event creates a
deficit balance in such Member's Capital Account in excess of such Member's
share of Company Minimum Gain, items of Company income and gain shall be
specially allocated to such Member in an amount and manner sufficient to
eliminate such excess deficit balance as quickly as possible.  Any special
allocations of items of income and gain pursuant to this Section 5.3E shall be
taken into account in computing subsequent allocations of income and gain
pursuant to this Article V so that the net amount of any item so allocated and
the income, gain, and losses allocated to each Member pursuant to this Section
5.3E to the extent possible, shall be equal to the net amount that would

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have been allocated to each such Member pursuant to the provisions of this
Article V if such unexpected adjustments, allocations, or distributions had not
occurred.

     5.4  Code Section 704(c) Allocations.  Notwithstanding any other provisions
          -------------------------------
in this Article V, in accordance with Code Section 704(c) and the Treasury
Regulations promulgated thereunder, income, gain, loss, and deduction with
respect to any property contributed to the capital of the Company shall, solely
for tax purposes, be allocated among the Members so as to take account of any
variation between the adjusted basis of such property to the Company for federal
income tax purposes and its fair market value on the date of contribution.
Allocations pursuant to this Section 5.4 are solely for purposes of federal,
state and local taxes.  As such, they shall not affect or in any way be taken
into account in computing a Member's Capital Account or share of profits,
losses, or other items of distributions pursuant to any provision of this
Agreement.

     5.5  Distribution of Assets by the Company.  Subject to applicable law and
          -------------------------------------
any limitations contained elsewhere in this Agreement, Members holding a
majority of the Membership Interests may elect from time to time to cause the
Company to make distributions.  Distributions shall be first to the Members in
proportion to their unreturned capital contributions until each Member has
recovered his or her capital contributions, and then to the Members in
proportion to their Membership Interests.

                                  ARTICLE VI
                     TRANSFER AND ASSIGNMENT OF INTERESTS

     6.1  Transfer and Assignment of Interests.  No Member shall be entitled to
          ------------------------------------
transfer, assign, convey, sell, encumber or in any way alienate all or any part
of his or her Membership Interest (collectively, "transfer") except with the
prior approval of the Manager, which approval may be given or withheld in the
manager's sole discretion.

     6.2  Substitution of Members.  A transferee of a Membership Interest shall
          -----------------------
have the right to become a substitute Member only if (i) consent of the
remaining Members is given in accordance with Section 6.1, (ii) such person
executes an instrument satisfactory to the remaining Members agreeing to all of
the provisions of this Agreement, and (iii) such person pays any reasonable
expenses in connection with his or her admission as a new Member.  The admission
of a substitute Member shall not release the Member who assigned the Membership
Interest from any liability that such Member may have to the Company.

     6.3  Transfers in Violation of this Agreement and Transfers of Partial
          -----------------------------------------------------------------
Membership Interests.  Upon a transfer in violation of this Article VI, the
--------------------
transferee shall have no right to vote or participate in the management of the
Company or to exercise any rights of a Member.  Such transferee shall only be
entitled to receive the share of the Company's Net Profits, Net Losses and
distributions of the Company's assets to which the transferor would otherwise be
entitled.  Notwithstanding the immediately preceding sentences, if, in the
determination of the remaining Member, a transfer in violation of this Article
VI would cause the termination of the Company under the Code, in the sole
discretion of the remaining Member, the transfer shall be null and void.

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     6.4  Right to Purchase.  If, as of November 5, 2000, the gross offering
          -----------------
proceeds received by the Company from the private placement of its Membership
Interests is less than $4,000,000, then Myers shall have the right to purchase
CPC's entire Membership Interest for the purchase price of $1.00 effective upon
60 days' prior written notice.

                                  ARTICLE VII
                    CONSEQUENCES OF DISSOLUTION EVENTS AND
                      TERMINATION OF MEMBERSHIP INTEREST

     7.1  Dissolution Event.  Upon the occurrence of the death, withdrawal,
          -----------------
resignation, retirement, insanity, bankruptcy or dissolution of any Member or
the termination of this Agreement pursuant to Section 1.2 ("Dissolution Event"),
the Company shall dissolve unless the remaining Members ("Remaining Members")
holding all of the remaining Membership Interests consent within ninety (90)
days of the Dissolution Event to the continuation of the business of the
Company.  If the Remaining Members so consent, the Company and/or the Remaining
Members shall have the right to purchase, and if such right is exercised, the
Members (or his or her legal representative) whose actions or conduct resulted
in the Dissolution Event ("Former Member") shall sell, the Former Member's
Membership Interest ("Former Member's Interest") as provided in this Article
VII.

     7.2  Withdrawal.  Notwithstanding Section 7.1, upon the withdrawal by a
          ----------
Member in accordance with Section 3.2 such Member shall be treated as a Former
Member, and, unless the Company dissolves as a result of such withdrawal, the
Company and/or the Remaining Members shall have the right to purchase, and if
such right is exercised, the Former Member shall sell, the Former Member's
Interest as provided in this Article VII.

     7.3  Purchase Price.  The purchase price for the Former's Member's Interest
          --------------
shall be the fair market value of the Former Member's Interest as determined by
an independent appraiser jointly selected by the Former Member and by the
Remaining Members.  The Company and the Former Member shall each pay one-half of
the cost of the appraisal.  Notwithstanding the foregoing, if the Dissolution
Event results from a breach of this Agreement by the Former Member, the purchase
price shall be reduced by an amount equal to the damages suffered by the Company
or the Remaining Members as a result of such breach.

     7.4  Notice of Intent to Purchase.  Within thirty (30) days after the fair
          ----------------------------
market value of the Former Member's Interest has been determined in accordance
with Section 7.3, each Remaining Member shall notify the Members in writing of
his or her desire to purchase a portion of the Former Member's Interest.  The
failure of any Remaining Member to submit a notice within the applicable period
shall constitute an election on the part of the Member not to purchase any of
the Former Member's Interest.  Each Remaining Member so electing to purchase
shall be entitled to purchase a portion of the Former Member's Interest in the
same proportion that the Membership Interest of the Remaining Member bears to
the aggregate of the Membership Interests of all of the Remaining Members
electing to purchase the Former Member's Interest.

     7.5  Election to Purchase Less Than All of the Former Member's Interest.
          ------------------------------------------------------------------
If any Remaining Member elects to purchase none or less than all of his or her
pro rata share of the Former Member's Interest, then the Remaining Members may
elect to purchase more than their

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pro rata share. If the Remaining Members fail to purchase the entire interest of
the Former Member, the Company may purchase any remaining share of the Former
Member's Interest. Any purchase of a Former Member's Interest must be the entire
interest.

     7.6  Payment of Purchase Price.  The Company or the Remaining Members, as
          -------------------------
the case may be, shall pay at the closing one-fifth (1/5) of the purchase price
and the balance of the purchase price shall be paid in four equal annual
principal installments, plus accrued interest, and be payable each year on the
anniversary date of the closing.  The unpaid principal balance shall accrue
interest at the current applicable federal rate as provided in the Code for the
month in which the initial payment is made, but the Company and the Remaining
Members shall have the right to prepay in full or in part at any time without
penalty.  The obligation of each purchasing Remaining Member, and the Company,
as applicable, to pay its portion of the balance due shall be evidenced by a
separate promissory note executed by the respective purchasing Remaining Member
or the Company, as applicable.  Each such promissory note shall be in an
original principal amount equal to the portion owed by the respective purchasing
Remaining Member and shall be secured by a pledge of that portion of the Former
Member's Interest purchased by such Remaining Member.

     7.7  Closing of Purchase of Former Member's Interest.  The closing for the
          -----------------------------------------------
sale of a Former Member's Interest pursuant to this Article VII shall be held at
10:00 a.m. at the principal office of Company no later than sixty (60) days
after the determination of the purchase price, except that if the closing date
falls on a Saturday, Sunday, or Federal legal holiday, then the closing shall be
held on the next succeeding business day.  At the closing, the Former Member
shall deliver to the Company or the Remaining Members an instrument of transfer
(containing warranties of title and no encumbrances) conveying the Former
Member's Interest.  The Former Member, the Company and the Remaining members
shall do all things and execute and deliver all papers as may be reasonably
necessary fully to consummate such sale and purchase in accordance with the
terms and provisions of this Agreement.

                                 ARTICLE VIII
                   ACCOUNTING, RECORDS, REPORTING BY MEMBERS

     8.1  Books and Records.  The books and records of the Company shall be kept
          -----------------
in accordance with generally accepted accounting principles, consistently
applied.  The Company shall also obtain an audit (at the Company's expense) of
its annual financial statements by an independent certified public accountant.
The Company shall maintain at its principal office in Florida all of the
following:

          A.   A current list of the full name and last known business or
residence address of each Member, together with the capital contributions,
capital account and Membership Interest of each Member;

          B.   A copy of the Articles and any and all amendments thereto
together with executed copies of any powers of attorney pursuant to which the
Articles or any amendments thereto have been executed;

          C.   Copies of the Company's federal, state and local income tax or
information returns and reports, if any, for the six (6) most recent taxable
years;

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          D.   A copy of this Agreement and any and all amendments thereto
together with executed copies of any powers of attorney pursuant to which this
Agreement or any amendments thereto have been executed;

          E.   Copies of the financial statements of the Company, if any, for
the six (6) most recent fiscal years; and

          F.   The Company's books and records as they relate to the internal
affairs of the Company for at least the current and past four (4) fiscal years.

     8.2  Reports.  The Company shall cause to be filed, in accordance with the
          -------
Act, all reports and documents required to be filed with any governmental
agency.  The Company shall cause to be prepared at least annually information
concerning the Company's operations necessary for the completion of the Members'
federal and state income tax returns.  The Company shall send or cause to be
sent to each member within ninety (90) days after the end of each taxable year
(i) such information as is necessary to complete the Members' federal and state
income tax or information returns and (ii) a copy of the Company's federal,
state, and local income tax or information returns for the year.

     8.3  Bank Accounts.  The Members shall maintain the funds of the Company in
          -------------
one or more separate bank accounts in the name of the Company, and shall not
permit the funds of the Company to be commingled in any fashion with the funds
of any other person.  Any Member, acting alone, is authorized to endorse checks,
drafts, and other evidences of indebtedness made payable to the order of the
Company, but only for the purpose of deposit into the Company's accounts.  All
checks, drafts, and other instruments obligating the Company to pay money shall
be signed by CPC (or any successor Manager), except as otherwise provided in
Section 4.1A above.

     8.4  Tax Matters for the Company.  CPC is designated as "Tax Matters
          ---------------------------
Partner" (as defined in Code Section 6231), to represent the Company (at the
Company's expense) in connection with all examination of the Company's affairs
by tax authorities and to expend Company funds for professional services and
costs associated therewith.

                                  ARTICLE IX
                          DISSOLUTION AND WINDING UP

     9.1  Conditions of Dissolution.  The Company shall dissolve upon the
          -------------------------
occurrence of any of the following events:

          A.   Upon the happening of any event of dissolution specified in the
Articles;

          B.   Upon the unanimous vote of Members;

          C.   The occurrence of a Dissolution Event and the failure of the
Remaining Members to consent in accordance with Section 7.1 to continue the
business of the Company within ninety (90) days after the occurrence of such
event; or

          D.   The sale of all or substantially all of the assets of the
Company.

                                      -11-
<PAGE>

     9.2   Winding Up. Upon the dissolution of the Company, the Company's assets
           ----------
shall be disposed of and its affairs wound up.  The Company shall give written
notice of the commencement of the dissolution to all of its known creditors.

     9.3   Order of Payment of Liabilities Upon Dissolution.  After determining
           ------------------------------------------------
that all the known debts and liabilities of the Company have been paid or
adequately provided for, the remaining assets shall be distributed to the
Members in accordance with their positive Capital Account balances, after taking
into account income and loss allocations for the Company's taxable year during
which liquidation occurs; provided, however, that after distributions are made
which reduce the positive Capital Account balances of the Members to zero, all
additional distributions shall be made to the Members in accordance with their
Membership Interests.

     9.4   Limitations on Payments Made in Dissolution.  Except as otherwise
           -------------------------------------------
specifically provided in this Agreement, each Member shall be entitled to look
only to the assets of the Company for the return of his or her positive Capital
Account balance and shall have no recourse for his or her Capital Contribution
and/or share of Net Profits against any other Member except as provided in
Article X.

     9.5   Certificates.  The Company shall file with the Nevada Secretary of
           ------------
State Articles of Dissolution upon the dissolution of the Company and a
Certificate of Cancellation upon the completion of the winding up of the
Company's affairs.

                                   ARTICLE X
                         INDEMNIFICATION AND INSURANCE

     10.1  Indemnification of Agents.  The Company shall indemnify the Manager
           -------------------------
and each Member and may indemnify any person who was or is a party or is
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding by reason of the fact that he or she is or was a Manager,
Member, officer, employee or other agent of the Company or that, being or having
been such a Manager, Member, officer, employee or agent, he or she is or was
serving at the request of the Company as a manager, director, officer, employee
or another agent of another limited liability company, corporation, partnership,
joint venture, trust or other enterprise (all such persons being referred to
hereinafter as an "agent"), to the fullest extent permitted by applicable law in
effect on the date hereof and to such greater extent as applicable law may
hereafter from time to time permit.

     10.2  Insurance.  The Company shall have the power to purchase and maintain
           ---------
insurance on behalf of any person who is or was an agent of the Company against
any liability asserted against such person and incurred by such person in any
such capacity, or arising out of such person's status as an agent, whether or
not the Company would have the power to indemnify such person against such
liability under the provisions of Section 10.1 or under applicable law.

                                  ARTICLE XI
                                 MISCELLANEOUS

     11.1  Counsel to the Company.  Counsel to the Company ("Company Counsel")
           ----------------------
may also be counsel to any Member or any Affiliate of a Member.  The Members may
execute on behalf of the Company and the Members any consent to the
representation of the Company that

                                      -12-
<PAGE>

Company Counsel may request pursuant to the California and Nevada Rules of
Professional Conduct or similar rules in any other jurisdiction ("Rules"). Each
Member acknowledges that Company Counsel shall not represent any Member in the
absence of a clear and explicit agreement to such effect between the Member and
Company Counsel, and that in the absence of any such written agreement Company
Counsel shall owe no duties directly to a Member. Notwithstanding any adversity
that may develop, in the event any dispute or controversy arises between the
Members and the Company, then each Member agrees that Company Counsel may
represent either the Company or such Member in any such dispute or controversy
to the extent permitted by the Rules, and each Member hereby consents to such
representation; provided that if the Company Counsel represents a Member in such
dispute, such Member shall take all steps necessary or appropriate to allow the
Company to select and retain its own independent counsel for such dispute, which
counsel such Member shall not participate in selecting or retaining for the
Company.

     11.2  Complete Agreement.  This Agreement and the Articles constitute the
           ------------------
complete and exclusive statement of agreement among the Members with respect to
the subject matter herein and therein and replace and supersede all prior
written and oral agreements among the Members with respect to the subject matter
of this Agreement and the Articles.  To the extent that any provision of the
Articles conflict with any provision of this Agreement, the Articles shall
control.

     11.3  Binding Effect.  Subject to the provisions of this Agreement relating
           --------------
to transferability, this Agreement shall will be binding upon and inure to the
benefit of the Members and their respective successors and assigns.

     11.4  Interpretation.  All pronouns shall be deemed to refer to the
           --------------
masculine, feminine, or neuter, singular or plural, as the context in which they
are used may require.  All headings herein are inserted only for convenience and
ease of reference and are not to be considered in the interpretation of any
provision of this Agreement.  Numbered or lettered articles, sections and
subsections herein contained refer to articles, sections and subsections of this
Agreement unless otherwise expressly stated.  In the event any claim is made by
any Member relating to any conflict, omission or ambiguity in this Agreement, no
presumption or burden of proof or persuasion shall be implied by virtue of the
fact that this Agreement was prepared by or at the request of a particular
Member or his or her counsel.

     11.5  Jurisdiction.  Each Member hereby consents to the exclusive
           ------------
jurisdiction of the state and federal courts sitting in Florida in any action on
a claim arising out of, under or in connection with this Agreement or the
transactions contemplated by this Agreement.  Each Member further agrees that
personal jurisdiction over him or her may be effected by service of process by
registered or certified mail addresses as provided in Section 11.8 of this
Agreement, and that when so made shall be as if served upon him or her
personally within Florida.

     11.6  Arbitration.  Except as otherwise provided in this Agreement, any
           -----------
controversy between the parties arising out of this Agreement shall be submitted
to the American Arbitration Association for arbitration in Florida.  The costs
of the arbitration, including any American Arbitration Association
administration fee, the arbitrator's fee, and costs for the use of facilities
during the hearings, shall be borne equally by the parties to the arbitration.
Attorneys' fees may be awarded to the prevailing or most prevailing party at the
discretion of the arbitrator.  The

                                      -13-
<PAGE>

discovery rules of Florida shall apply to the arbitration. The arbitrator shall
not have any power to alter, amend, modify or change any of the terms of this
Agreement nor to grant any remedy which is either prohibited by the terms of
this Agreement or not available in a court of law sitting in Florida and
applying Florida substantive law.

     11.7   Severability.  If any provision of the Agreement or the application
            ------------
of such provision to any person or circumstance shall be held invalid, the
remainder of this Agreement or the application of such provision to persons or
circumstances other than those to which it is held invalid shall not be affected
thereby.

     11.8   Notices.  Any notice to be given or to be served upon the Company or
            -------
any party hereto in connection with this Agreement must be in writing (which may
include facsimile) and shall be deemed to have been given and received when
delivered to the address specified by the party to receive the notice.  Such
notices shall be given to a Member at the address specified in Exhibit A hereto.
Any party may, at any time by giving five (5) days prior written notice to the
other Members, designate any other address in substitution of the foregoing
address to which such notice shall be given.

     11.9   Amendments.  This Agreement may be amended only by a written
            ----------
instrument signed by all of the Members.

     11.10  Multiple Counterparts.  This Agreement may be executed in two or
            ---------------------
more counterparts, each of which shall be deemed an original, but all of which
shall constitute one and the same instrument.

     11.11  Attorneys' Fees.  In the event that any dispute between the Company
            ---------------
and the Members or among the Members should result in litigation or arbitration,
the prevailing party in such dispute shall be entitled to recover from the other
party or parties all reasonable fees, costs and expenses of enforcing any right
of the prevailing party, including without limitation, reasonable attorneys'
fees and expenses, all of which shall be deemed to have accrued upon the
commencement of such action and shall be paid whether or not such action is
prosecuted to judgment.  Any judgment or order entered in such action shall
contain a specific provision providing for the recovery of attorneys' fees and
costs incurred in enforcing such judgment and an award of prejudgment interest
from the date of the act or omission giving rise to the claim at the maximum
rate allowed by law.  For the purposes of this Section: (a) attorneys' fees
shall include, without limitation, fees incurred in the following: (1)
postjudgment motions; (2) contempt proceedings; (3) garnishment, levy, and
debtor and third party examinations; (4) discovery; and (5) bankruptcy
litigation; and (b) prevailing party shall mean the party who is determined in
the proceeding to have prevailed or who prevails by dismissal, default or
otherwise.

     11.12  Remedies Cumulative.  The remedies under this Agreement are
            -------------------
cumulative and shall not exclude any other remedies to which any person may be
lawfully entitled.

     IN WITNESS WHEREOF, all of the Members of Med Enclosures, LLC, A Delaware
Limited Liability Company, have executed this Agreement, effective as of the
date written above.

                                             CPC OF AMERICA, INC.,

                                     -14-
<PAGE>

                              a Nevada corporation

                              By:__________________________________
                                    Rod A. Shipman, President

                              GENE MYERS ENTERPRISES, INC.,
                              a Florida Corporation

                              By:__________________________________
                                     Gene Myers, M.D., President

                                      -15-
<PAGE>

                                   EXHIBIT A
                                   ---------

                  CAPITAL CONTRIBUTION AND ADDRESS OF MEMBERS
                                     AS OF
                               NOVEMBER 5, 1999

<TABLE>
<CAPTION>
                                                                           Member's Capital                Membership
     Member's Name                     Member's Address                      Contribution                   Interest
-----------------------      ----------------------------------      ---------------------------      ------------------
<S>                          <C>                                     <C>                              <C>
CPC of America, Inc.            1133 Fourth Street, Suite 200          Secured Promissory Note                73.3%
                                Sarasota, Florida 34236                in the original
                                                                       principal amount of
                                                                       $250,000

Gene Myers                      2540 S. Tamiami Trail                  All rights to the "Myers               26.7%
Enterprises, Inc.               Sarasota, Florida 34239                Solution" products and
                                                                       procedures for arterial
                                                                       closures, including U.S.
                                                                       Patent Nos. 5,486,195
                                                                       and 5,941,897
</TABLE>

                                     -16-<PAGE>

                                                                    EXHIBIT 10.1

                         SECURITIES PURCHASE AGREEMENT
                         -----------------------------
                           AND PLAN OF REORGANIZATION
                           --------------------------

     THIS SECURITIES PURCHASE AGREEMENT AND PLAN OF REORGANIZATION ("Agreement")
is entered into on February 4, 2000 by and among NOBLE ONIE, INC., a Nevada
corporation ("Company"), and the stockholders of THE NATIONAL CAPITAL COMPANIES,
INC., an Oklahoma corporation ("National Capital"), listed on the list of
selling stockholders ("List of Selling Stockholders") attached as Exhibit "A"
hereto and who have executed this Agreement ("Selling Stockholders").

                                R E C I T A L S
                                ---------------

     A.  The Company has authorized capital stock consisting of 50,000,000
shares of common stock ("Common Stock"), $.001 par value, of which 2,500,000
shares of Common Stock are issued and outstanding.

     B.  National Capital has authorized capital stock consisting of 10,000,000
shares of common stock, $.001 par value, of which 2,000,000 shares ("National
Capital Shares") are issued and outstanding and held by the Selling
Shareholders.

     C.  The Selling Stockholders wish to sell, and the Company wishes to
acquire, all of the National Capital Shares on the Closing Date (as defined
below), in exchange for the Company's issuance to the Selling Stockholders of an
aggregate of 4,000,000 shares ("Company Shares") of Common Stock, subject to and
upon the terms and conditions hereinafter set forth.

                               A G R E E M E N T
                               -----------------

     It is agreed as follows:

     1.   SECURITIES PURCHASE AND REORGANIZATION.
          --------------------------------------

          1.1  Agreement to Exchange Securities.  Subject to the terms and upon
               --------------------------------
the conditions set forth herein, each Selling Stockholder agrees to sell,
assign, transfer and deliver to the Company, and the Company agrees to purchase
from each Selling Stockholder, at the Closing (as defined below), the National
Capital Shares owned by the respective Selling Stockholder as set forth on the
List of Selling Stockholders, in exchange for the transfer, at the Closing, by
the Company to each Selling Stockholder of a pro rata share of the Company
Shares.  A Selling Stockholder's pro rata share of the Company Shares shall be
determined by multiplying the total number of the Company Shares (i.e.,
                                                                  ----
4,000,000 shares of Common Stock) by a fraction, the numerator of which is the
total number of National Capital Shares owned by the Selling Stockholder at the
Closing and the denominator of which is the total number of National Capital
Shares issued and outstanding at the Closing.

                                      -1-
<PAGE>

          1.2  Instruments of Transfer.
               -----------------------

               (a) National Capital Shares. Each Selling Stockholder shall
                   -----------------------
deliver to the Company original certificates evidencing the National Capital
Shares along with executed stock powers, in form and substance satisfactory to
the Company for purposes of assigning and transferring all of their right, title
and interest in and to the National Capital Shares. From time to time after the
Closing Date, and without further consideration, the Selling Stockholders will
execute and deliver such other instruments of transfer and take such other
actions as the Company may reasonably request in order to more effectively
transfer to the Company the securities intended to be transferred hereunder.

               (b) The Company Shares.  The Company shall deliver to the Selling
                   ------------------
Stockholders on the Closing Date original certificates evidencing the Company
Shares, in form and substance satisfactory to the Selling Stockholders, in order
to effectively vest in the Selling Stockholders all right, title and interest in
and to the Company Shares.  From time to time after the Closing Date, and
without further consideration, the Company will execute and deliver such other
instruments and take such other actions as the Selling Stockholders may
reasonably request in order to more effectively issue to them the Company
Shares.

          1.3  Closing.  The closing ("Closing") of the exchange of the National
               -------
Capital Shares and the Company Shares shall take place at the offices of
National Capital, at 10:00 a.m., local time, on February 4, 2000, or at such
other time and place as may be agreed to by the Selling Shareholders and the
Company ("Closing Date").

          1.4  Tax Free Reorganization.  The parties intend that the transaction
               -----------------------
under this Agreement qualify as a tax free reorganization under Section 368
(a)(1)(B) of the Internal Revenue Code of 1986, as amended.

     2.  DELIVERIES AT CLOSING.
         ---------------------

          2.1  Company's Deliveries at Closing.  At the Closing, the Company
               -------------------------------
shall deliver or cause to be delivered to the Selling Stockholders all of the
following:

               (a) certificates representing the Company Shares, registered in
the names of the Selling Stockholders;

               (b) Officer's Certificates signed by John Katter in the form
attached hereto as Exhibit "B";

               (c) certified resolutions of the Board of Directors of the
Company authorizing consummation of the transactions contemplated by this
Agreement;

               (d) a certified list of the record holders of the Common Stock
evidencing that the Company has 2,500,000 shares of Common Stock issued and
outstanding; and

               (e) such other documents and instruments as shall be reasonably
necessary to effect the transactions contemplated hereby.

                                      -2-
<PAGE>

          2.2  Selling Stockholders' Deliveries at Closing.  At the Closing, the
               -------------------------------------------
Selling Stockholders shall deliver or cause to be delivered to the Company all
of the following:

          (a) original certificates representing the National Capital Shares,
along with duly executed stock powers, in form and substance satisfactory to the
Company; and

          (b) such other documents and instruments as shall be reasonably
necessary to effect the transactions contemplated hereby.

     3.   REPRESENTATIONS AND WARRANTIES OF THE SELLING STOCKHOLDERS.  Each
          ----------------------------------------------------------
Selling Stockholder severally represents, warrants and covenants to and with the
Company with respect to himself, as follows:

          3.1  Power and Authority.  The Selling Stockholder has all requisite
               -------------------
individual power and authority to enter into and to carry out all of the terms
of this Agreement and all other documents executed and delivered in connection
herewith (collectively, the "Documents").  All individual action on the part of
the Selling Stockholder necessary for the authorization, execution, delivery and
performance of the Documents by the Selling Stockholder has been taken and no
further authorization on the part of the Selling Stockholder is required to
consummate the transactions provided for in the Documents.  When executed and
delivered by the Selling Stockholder, the Documents shall constitute the valid
and legally binding obligation of the Selling Stockholder enforceable in
accordance with their respective terms.

          3.2  Ownership of and Title to Securities.  The Selling Stockholder
               ------------------------------------
represents that the Selling Shareholders are the sole owners of all of the
issued and outstanding shares of capital stock of National Capital and that
there are no warrants, options, subscriptions, calls, or other similar rights of
any kind for the issuance or purchase of any securities of National Capital held
by the Selling Stockholder or any other persons.  The Selling Stockholder
represents that the Selling Stockholder has and will transfer to the Company
good and marketable title to the National Capital Shares which he owns, free and
clear of all pledges, security interests, mortgages, liens, claims, charges,
restrictions or encumbrances.

          3.3  Investment and Related Representations.  The Selling Stockholder
               --------------------------------------
is aware that neither the Company Shares nor the offer or sale thereof to the
Selling Stockholder has been registered under the Securities Act of 1933, as
amended ("Securities Act"), or under any state securities law.  The Selling
Stockholder understands that the Company Shares will be characterized as
"restricted" securities under federal securities laws inasmuch as they are being
acquired in a transaction not involving a public offering and that under such
laws and applicable regulations such securities may be resold without
registration under the Securities Act only in certain limited circumstances.
The Selling Stockholder agrees that the Selling Stockholder will not sell all or
any portion of the Company Shares except pursuant to registration under the
Securities Act or pursuant to an available exemption from registration under the
Securities Act.  The Selling Stockholder understands that each certificate for
the Company Shares issued to the Selling Stockholder or to any subsequent
transferee shall be stamped or otherwise imprinted with an appropriate legend
summarizing the restrictions described in this Section 3.3 and that the Company
shall refuse to transfer the Company Shares except in accordance with such
restrictions.

                                      -3-
<PAGE>

          3.4  No Further Representations.  Except as expressly provided herein,
               --------------------------
the Selling Stockholder makes no representations or warranties concerning the
National Capital Shares.  The Selling Shareholder states hereby its intent to
enter into this Agreement in strict reliance on the Company's representations,
acknowledgments and agreements set forth in Section 4.8 and it is intimately
familiar with all aspects of National Capital and that it is willing to acquire
the National Capital Shares on an "as is, where is and with all faults" basis.

     4.   REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY.  The Company
          --------------------------------------------------------
represents, warrants and covenants to and with each of the Selling Stockholders
as follows:

          4.1  Organization and Good Standing.  The Company is a corporation
               ------------------------------
duly organized, validly existing, and in good standing under the laws of the
State of Nevada and has full corporate power and authority to enter into and
perform its obligations under this Agreement.

          4.2  Capitalization.  The authorized capital stock of the Company
               --------------
consists of 50,000,000 shares of Common Stock, $.001 par value, of which
2,500,000 shares of Common Stock are issued and outstanding.  All outstanding
shares of Common Stock have been duly authorized and validly issued, and are
fully paid, nonassessable, and free of any preemptive rights.  There are no
warrants, options, subscriptions, calls, other similar rights to purchase any of
the Company's authorized and unissued Common Stock, and there are no voting,
pooling or voting trust agreements, arrangements or contracts by and among the
Company, its shareholders, or any of them.

          4.3  No Subsidiaries.  The Company does not control, or have any
               ---------------
interest in, directly or indirectly, any corporation, partnership, business
trust, association or other business entity.

          4.4  Validity of Transactions.  This Agreement, and each document
               ------------------------
executed and delivered by the Company in connection with the transactions
contemplated by this Agreement, and the performance of the transactions
contemplated therein have been duly authorized by the directors and shareholders
of the Company, have been duly executed and delivered by the Company and is each
the valid and legally binding obligation of the Company, enforceable in
accordance with its terms, except as limited by applicable bankruptcy,
insolvency reorganization and moratorium laws and other laws affecting
enforcement of creditor's rights generally and by general principles of equity.
The Company Shares issuable hereunder, when issued in accordance with the terms
of this Agreement, will be duly authorized, validly issued, fully paid and
nonassessable.  The Company Shares will be free of any liens or encumbrances,
except for any restrictions imposed by federal or state securities laws.

          4.5  Approvals and Consents.  There are no permits, consents, mandates
               ----------------------
or approvals of public authorities, either federal, state or local, or of any
third party necessary for the Company's consummation of the transactions
contemplated hereby.

          4.6  SEC Reports.  The Company has delivered to the Selling
               -----------
Stockholders its registration statement on Form 10-SB, as amended to date, and
all quarterly reports on Form 10-

                                      -4-
<PAGE>

QSB subsequently filed with the Securities and Exchange Commission
(collectively, the "SEC Reports"). The information in the SEC Reports, taken as
a whole, is true and correct in all material respects and does not contain any
untrue statement of a material fact or omit to state a material fact necessary
in order to make the statements therein, in light of the circumstances under
which they were made, not misleading.

          4.7  Litigation.  There are no suits or proceedings (including without
               ----------
limitation, proceedings by or before any arbitrator, government commission,
board, bureau or other administrative agency) pending or, to the knowledge of
the Company, threatened against or affecting the Company which, if adversely
determined, would have a material adverse effect on the financial condition,
results of operations, prospects or business of the Company, or which questions
the validity of this Agreement or any action to be taken in connection
therewith, and the Company is subject to or in default with respect to any
order, writ, injunction or decree of any federal, state, local or other
governmental department.  The Company has not commenced nor currently intends to
commence any legal proceedings against any other person or entity.

          4.8  Disclaimer of Warranty.  The Company is acquiring the National
               ----------------------
Capital Shares "AS-IS", "WHERE-IS" and "WITH ALL FAULTS" and subject to any
conditions which may exist, without any representations or warranties by the
Selling Stockholders except as expressly provided herein.  The Company
acknowledges that it is relying solely upon its own inspections, examinations
and evaluations of the National Capital Shares and National Capital and is
accepting assignment of the National Capital Shares without the standard
representations, warranties or covenants customarily provided to the purchaser
of a business.

          4.9  Taxes.  All federal income tax returns and state and local income
               -----
tax returns for the Company have been filed as required by law.  All taxes as
shown on such returns or on any assessment received subsequent to the filing of
such returns have been paid, and there are no pending assessments or adjustments
or any income tax payable for which reserves, which are reasonably believed by
the Company to be adequate for the payment of any additional taxes that may come
due, have not been established.  All other taxes imposed by any government
authority on the Company have been paid and any reports or returns due in
connection therewith have been filed.  No outstanding claim for assessment or
collection of taxes has been asserted against the Company and there are no
pending, or to the knowledge of the Company, threatened tax audits, examinations
or claims.

          4.10  No Defaults.  No material default (or event which, with the
                -----------
passage of time or the giving of notice, or both, would become a material
default) exists or is alleged to exist with respect to the performance of any
obligation either of the Company under the terms of any indenture, license,
mortgage, deed of trust, lease, note, guaranty, joint venture agreement,
operating agreement, partnership agreement, or other contract or instrument to
which the Company is a party or any of its assets are subject, or by which it is
otherwise bound, and, to the best knowledge of the Company, no such default or
event exists or is alleged to exist with respect to the performance of any
obligation of any party thereto.

          4.11  Corporate Documents.  The Company has furnished to the Selling
                -------------------
Stockholders true and complete copies of the Articles of Incorporation and
Bylaws of the Company certified by its secretary and copies of the resolutions
adopted by the Company's

                                      -5-
<PAGE>

Board of Directors authorizing and approving this Agreement and the transactions
contemplated hereby. The Company has made available to the Selling Stockholders
and their representatives all corporate minute books of the Company, and such
minute books contain complete and accurate records of the proceedings of the
Company's shareholders and directors.

          4.12  Contracts and Other Commitments.  The Company does not have and
                -------------------------------
is not bound by any contract, agreement, lease, commitment or proposed
transaction, judgment, order, writ or decree, written or oral, absolute or
contingent.

          4.13  Compliance with Laws.  The Company has complied in all material
                --------------------
respects with all laws, regulations and orders affecting its business and
operations and is not in default under or in violation of any provision of any
federal, state or local rule, regulation or law, including without limitation,
any applicable statute, law or regulation relating to the environment or
occupational health and safety, and no material expenditures are or will be
required in order to comply with any such existing statute, law or regulation.

          4.14  No Assets or Liabilities.  The Company represents and warrants
                ------------------------
that it does not have any assets, liabilities or operations.

          4.15  Brokers and Finders.  The Company has not incurred, nor shall it
                -------------------
incur, directly or indirectly, any liability for any brokerage or finders' fees,
agent commissions or any similar charges in connection with this Agreement or
any transaction contemplated hereby.

     5.   MISCELLANEOUS.
          -------------

          5.1  Cumulative Remedies.  Any person having any rights under any
               -------------------
provision of this Agreement will be entitled to enforce such rights
specifically, to recover damages by reason of any breach of any provision of
this Agreement, and to exercise all other rights granted by law, which rights
may be exercised cumulative and not alternatively.

          5.2  Successors and Assigns.  Except as otherwise expressly provided
               ----------------------
herein, all covenants and agreements contained in this Agreement by or on behalf
of any of the parties hereto will bind and inure to the benefit of the
respective successors and assigns of the parties hereto whether so expressed or
not.

          5.3  Severability.  Whenever possible, each provision of this
               ------------
Agreement will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be prohibited
by or invalid under applicable law, such provision will be ineffective only to
the extent of such prohibition or invalidity, without invalidating the remainder
of this Agreement or the other documents.

          5.4  Counterparts.  This Agreement may be executed in two or more
               ------------
counterparts, any one of which need not contain the signatures of more than one
party, but all such counterparts when taken together will constitute one and the
same agreement.

          5.5  Entire Agreement.  This Agreement constitutes the entire
               ----------------
agreement and understanding of the parties with respect to the subject matter
thereof, and supersedes all prior and contemporaneous agreements and
understandings.

                                      -6-
<PAGE>

          5.6  Survival of Representations.  All representations, warranties and
               ---------------------------
agreements contained herein or made in writing by the Company and the Selling
Stockholders in connection with the transactions contemplated hereby except any
representation, warranty or agreement as to which compliance may have been
appropriately waived, shall survive the execution and delivery of this
Agreement.

          5.7  Expenses and Attorney Fees.  The Company and the Selling
               --------------------------
Stockholders shall each pay all of their respective legal and due diligence
expenses in connection with the transactions contemplated by this Agreement,
including, without limiting the generality of the foregoing, legal and
accounting fees.

          5.8  Waiver of Conditions.  At any time or times during the term
               --------------------
hereof, the Company may waive fulfillment of any one or more of the conditions
to its obligations in whole or in part, and the Selling Stockholders may waive
fulfillment of any one or more of the foregoing conditions to their obligation,
in whole or in part, by delivering to the other party a written waiver or
waivers of fulfillment thereof to the extent specified in such written waiver or
waivers.  Any such waiver shall be validly and sufficiently authorized for the
purposes of this Agreement if, as to any party, it is authorized in writing by
an authorized representative of such party.  The failure of any party hereto to
enforce at any time any provision of this Agreement shall not be construed to be
a waiver of such provision, nor in any way to affect the validity of this
Agreement or any part hereof or the right of any party thereafter to enforce
each and every such provision.  No waiver of any breach of this Agreement shall
be held to constitute a waiver of any other or subsequent breach.

          5.9  Partial Invalidity.  If any term, covenant or condition of this
               ------------------
Agreement or the application thereof to any person or circumstance shall, to any
extent, be invalid or unenforceable, the remainder of this Agreement, or the
application of such term, covenant or condition to persons or circumstances
other than those as to which it is held invalid or unenforceable, shall not be
affected thereby and each term, covenant or condition of this Agreement shall be
valid and be enforced to the fullest extent permitted by law.

          5.10  Successors and Assigns.  The terms, covenants and conditions
                ----------------------
contained herein shall be binding upon and inure to the benefit of the heirs,
successors and assigns of the parties hereto.

          5.11  Law Governing.  This Agreement shall be construed and
                -------------
interpreted in accordance with and governed and enforced in all respects by the
laws of the State of California.

          5.12  Attorneys' Fees.  If any action at law or in equity is necessary
                ---------------
to enforce or interpret the terms of this Agreement, the prevailing party shall
be entitled to reasonable attorneys' fees, costs and disbursements in addition
to any other relief to which such party may be entitled.

                            [Continued on next page]

                                      -7-
<PAGE>

     IN WITNESS WHEREOF, each of the parties to this Agreement has executed or
caused this Agreement to be executed as of the date first above written.

                              "Company"

                              NOBLE ONIE, INC.,
                              a Nevada corporation

                              By:
                                 -------------------------------------------
                                    John Katter, President

            [Signatures of Selling Stockholders Appear on Exhibit A]

                                      -8-
<PAGE>

                                   EXHIBIT A

                          LIST OF SELLING STOCKHOLDERS
                          ----------------------------

<TABLE>
<CAPTION>
                                                                               Number of National Capital
       Name and Address of                                                      Shares Owned by Selling
       Selling Stockholder                         Signature                          Stockholder
----------------------------------     -------------------------------     -------------------------------
<S>                                    <C>                                 <C>
Darrel T. Uselton
29502 Spotted Bull Lane
San Juan Capistrano, CA  92675         -------------------------------                  976,400

Jack E. Uselton
419 Lakeside Estates Drive
Houston, TX  77042                     -------------------------------                  150,000

P. Craig Musgrave
3028 Willowbrook
Oklahoma City, OK  73120               -------------------------------                   65,000

Barkston Trading LTD
Suite 61, Grosvenor Close              By:____________________________
Shirley Street P.O. Box N7521          Shaniqua Mcphee,
Nassau, Bahamas                        Director                                         100,000

Joseph A. Cerbone
71 Promenade
Irvine, CA  92612                      -------------------------------                  170,000

Shogun Investments Inc.
5333 S. Arville, Suite 7A              By:____________________________
Las Vegas, NV  89118                   Jeff Bradley, President                           60,000

Andrew Sensenig
2800 S. Surrey
Carrollton, TX  75006                  -------------------------------                   85,000

John Martin
722 Palo Verde Avenue
Pasadena, CA  91104                    -------------------------------                   50,000
</TABLE>

                                      A-1
<PAGE>

<TABLE>
<S>                                    <C>                                 <C>

Julie Martin
722 Palo Verde Avenue
Pasadena, CA  91104                    -------------------------------                   10,000

Marcus Hurlburt
762 Stanford Court
Irvine, CA  92612                      -------------------------------                   24,000

M. Blaine Riley
33966 Crystal Lantern
Dana Point, CA  92629                  -------------------------------                  100,000

Timothy Chamberlain
5846 E. Creekside, #28
Orange, CA  92869                      -------------------------------                   15,000

Natalie Bannister
4029 SE 25
Del City, OK  73115                    -------------------------------                   13,000

Teresa M. Landers
105 Sandpiper Lane
Aliso Viejo, CA  92656                 -------------------------------                   22,500

Nicholson Trust
962 N. Highland Drive                  By:____________________________
Porterville, CA  93257                 An authorized trustee                              8,000

Gary O. Loo
102 N. Cascade, Suite 500
Colorado Springs, CO  80903            -------------------------------                    4,500

Point Loma Nazarene U
3900 Loma Land Drive                   By:____________________________
San Diego, CA  92106                   An authorized officer                              2,000

David W. Francis
102 N. Cascade, Suite 500
Colorado Springs, CO  80903            -------------------------------                      500

Jason D. Huntley
2825 Moonstone View
Colorado Springs, CO  80906            -------------------------------                   40,000
</TABLE>
<PAGE>

<TABLE>
<S>                                    <C>                                 <C>

Randall Letcavage
1914 Kenmore
Gross Points Wood, MI                  -------------------------------                   20,000

Stephen Boruchin
2516 Stepple Chase Road
Edmond, OK  73034                      -------------------------------                    4,000

Corbett Williams
762 Stanford Court
Irvine, CA  92612                      -------------------------------                    3,000

Michelle Weinfurter
1100 N. Lemon Street, Suite C5
Fullerton, CA  92832                   -------------------------------                    1,500

Jeffrey Weinfurter
1100 N. Lemon Street, Suite C5
Fullerton, CA  92832                   -------------------------------                    4,000

Holly Kellog
7 Mayfair
Aliso Viejo, CA  92656                 -------------------------------                    1,000

Kathleen Toole
4000 Park Newport, #202
Newport Beach, CA  92660               -------------------------------                    1,000

Michael Webb
419 8th Street
Huntington Beach, CA  92648            -------------------------------                    3,000

Dreux Valenti
2443 Allegheny Way
Placentia, CA  92870                   -------------------------------                    1,000

Dan Marinescu
3338 West Faircrest Drive
Anaheim, CA  92804                     -------------------------------                    1,100

Jason D. and Kirschten Huntley
2825 Moonstone View
Colorado Springs, CO  80906            -------------------------------                    5,000
</TABLE>
<PAGE>

<TABLE>
<S>                                    <C>                                 <C>
Steven H. and Colleen Helm
5930 Topview Court
Colorado Springs, CO  80918            -------------------------------                    3,000

Clarion Financial Services
29502 Spotted Bull Lane                   By:
                                             -------------------------
San Juan Capistrano, CA  92675            Darrel Uselton,
                                          President
                                                                                         30,000
Keith Michel
140 W. Wilson Street, #R5
Costa Mesa, CA  92627                  -------------------------------                    6,000

Curtis Randall Munro
28 Greenmoor
Irvine, CA  92614                      -------------------------------                    4,500

Nathan Torosian
6170 W. Lake Mead Boulevard
Suite 207
Las Vegas, NV  89108                   -------------------------------                    5,000

Barry Migliorini
16516 Oak Circle
Fountain Valley, CA  92708             -------------------------------                    2,500

Joseph Stapley
5 Nutwood
Irvine, CA  92604                      -------------------------------                    2,500

G. Linnette Johnson
221 S. Gilbert
Anaheim, CA  92804                     -------------------------------                      800

Karen Cawthra
2333 Vista Huerta
Newport Beach, CA  92660               -------------------------------                      300

Elaine Winner
12620-K Briarglen Loop
Stanton, CA  90680                     -------------------------------                      300
</TABLE>
<PAGE>

<TABLE>
<S>                                    <C>                                 <C>
Alicia Mlagenovich
2236 Franzen
Santa Ana, CA  92705                   -------------------------------                      200

Michelle Texley
419 Canal
Newport Beach, CA  92663               -------------------------------                      200

Jorge Rodriguez
1328 N Durant, Apt. P
Santa Ana, CA  92706                   -------------------------------                      200

William Key Cantrell
9318 Brightwood Court
Northridge, CA  91325                  -------------------------------                    4,000
</TABLE>
<PAGE>

                                   EXHIBIT B

                             OFFICER'S CERTIFICATE
                             ---------------------

     _________________, hereby certifies the following to the Selling
Stockholders:

     1.  I am the duly elected and acting ____________________________________
of Noble Onie, Inc., a Nevada corporation ("Company").

     2.  This Officer's Certificate is being delivered to the Selling
Stockholders pursuant to Section 2.1(b) of the Securities Purchase Agreement And
Plan Of Reorganization ("Agreement") dated February 4, 2000 by and between the
Company and the Selling Stockholders.

     3.  All of the representations and warranties of the Company made in the
Agreement are true and correct in all material respects on and as of the date
hereof as though such representations and warranties had been made or given on
and as of the date hereof.

     4.  The Company has performed and complied in all material respects with
all of the covenants and agreements made in the Agreement to be performed by or
complied with by the Company on or prior to the date hereof.

     Executed effective as of February 4, 2000.

                __________________________________________

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