Document:

Exhibit 10.11

                             FUNDS ESCROW AGREEMENT

         This Agreement (this "Agreement") is dated as of the 30th day of
September, 2004 among Creative Vistas, Inc., an Arizona corporation (the
"Company"), Laurus Master Fund, Ltd. (the "Purchaser"), and Loeb & Loeb LLP (the
"Escrow Agent").

                              W I T N E S S E T H:
                               - - - - - - - - - -

         WHEREAS, the Purchaser has advised the Escrow Agent that (a) the
Company and the Purchaser have entered into a Securities Purchase Agreement (the
"Purchase Agreement") for the sale by the Company to the Purchaser of a secured
convertible term note (the "Term Note"), (b) the Company has issued to the
Purchaser a common stock purchase warrant (the "Term Note Warrant") in
connection with the issuance of the Term Note, and (c) the Company and the
Purchaser have entered into a Registration Rights Agreement covering the
registration of the Company's common stock underlying the Term Note and the Term
Note Warrant (the "Term Note Registration Rights Agreement");

         WHEREAS, the Purchaser has advised the Escrow Agent that (a) the
Company and the Purchaser have entered into a Security Agreement (the "Security
Agreement") for the sale by the Company to the Purchaser of a secured
convertible minimum borrowing note (the "Minimum Borrowing Note") and a secured
revolving note (the "Revolving Note"), (b) the Company has issued to the
Purchaser a common stock purchase warrant (the "MBN/Revolving Note Warrant") in
connection with the issuance of the Minimum Borrowing Note and the Revolving
Note, and (c) the Company and the Purchaser have entered into a Registration
Rights Agreement covering the registration of the Company's common stock
underlying the Minimum Borrowing Note and the MBN/Revolving Note Warrant (the
"MBN/Revolving Note Registration Rights Agreement");

         WHEREAS, the Company and the Purchaser wish the Purchaser to deliver to
the Escrow Agent copies of the Documents (as hereafter defined) and the Escrowed
Payment (as hereafter defined) to be held and released by Escrow Agent in
accordance with the terms and conditions of this Agreement; and

         WHEREAS, the Escrow Agent is willing to serve as escrow agent pursuant
to the terms and conditions of this Agreement;

         NOW THEREFORE, the parties agree as follows:
ARTICLE I

                                 INTERPRETATION
1.1. Definitions. Whenever used in this Agreement, the following terms shall
have the meanings set forth below. (a) "Agreement" means this Agreement, as
amended, modified and/or supplemented from time to time by written agreement
among the parties hereto.
(b) "Closing Payment" means the closing payment to be paid to Laurus Capital
Management, LLC, the fund manager, as set forth on Schedule A hereto. (c)
"Disbursement Letter" means that certain letter delivered to the Escrow Agent by
each of the Purchaser and the Company setting forth wire instructions and
amounts to be funded at the Closing. (d) "Documents" means copies of the
Disbursement Letter, the Purchase Agreement, the Term Note, the Warrant, the
Registration Rights Agreement, the Security Agreement, the Minimum Borrowing
Note, and the Revolving Note. (e) "Escrowed Payment" means $_________.

1.2. Entire Agreement. This Agreement constitutes the entire agreement among the
parties hereto with respect to the matters contained herein and supersedes all
prior agreements, understandings, negotiations and discussions of the parties,
whether oral or written. There are no warranties, representations and other
agreements made by the parties in connection with the subject matter hereof
except as specifically set forth in this Agreement. 1.3. Extended Meanings. In
this Agreement words importing the singular number include the plural and vice
versa; words importing the masculine gender include the feminine and neuter
genders. The word "person" includes an individual, body corporate, partnership,
trustee or trust or unincorporated association, executor, administrator or legal
representative.
1.4. Waivers and Amendments. This Agreement may be amended, modified,
superseded, cancelled, renewed or extended, and the terms and conditions hereof
may be waived, in each case only by a written instrument signed by all parties
hereto, or, in the case of a waiver, by the party waiving compliance. Except as
expressly stated herein, no delay on the part of any party in exercising any
right, power or privilege hereunder shall operate as a waiver thereof, nor shall
any waiver on the part of any party of any right, power or privilege hereunder
preclude any other or future exercise of any other right, power or privilege
hereunder. 1.5. Headings. The division of this Agreement into articles,
sections, subsections and paragraphs and the insertion of headings are for
convenience of reference only and shall not affect the construction or
interpretation of this Agreement.
1.6. Law Governing this Agreement; Consent to Jurisdiction. This Agreement shall
be governed by and construed in accordance with the laws of the State of New
York without regard to principles of conflicts of laws. With respect to any
suit, action or proceeding relating to this Agreement or to the transactions
contemplated hereby ("Proceedings"), each party hereto irrevocably submits to
the exclusive jurisdiction of the courts of the County of New York, State of New
York and the United States District court located in the county of New York in
the State of New York. Each party hereto hereby irrevocably and unconditionally
(a) waives trial by jury in any Proceeding relating to this Agreement and for
any related counterclaim and (b) waives any objection which it may have at any
time to the laying of venue of any Proceeding brought in any such court, waives
any claim that such Proceedings have been brought in an inconvenient forum and
further waives the right to object, with respect to such Proceedings, that such
court does not have jurisdiction over such party. As between the Company and the
Purchaser, the prevailing party shall be entitled to recover from the other
party its reasonable attorneys' fees and costs. In the event that any provision
of this Agreement is determined by a court of competent jurisdiction to be
invalid or unenforceable, then the remainder of this Agreement shall not be
affected and shall remain in full force and effect.
1.7. Construction. Each party acknowledges that its legal counsel participated
in the preparation of this Agreement and, therefore, stipulates that the rule of
construction that ambiguities are to be resolved against the drafting party
shall not be applied in the interpretation of this Agreement to favor any party
against the other.
ARTICLE II

                APPOINTMENT OF AND DELIVERIES TO THE ESCROW AGENT
2.1. Appointment. The Company and the Purchaser hereby irrevocably designate and
appoint the Escrow Agent as their escrow agent for the purposes set forth
herein, and the Escrow Agent by its execution and delivery of this Agreement
hereby accepts such appointment under the terms and conditions set forth herein.
2.2. Copies of Documents to Escrow Agent. On or about the date hereof, the
Purchaser shall deliver to the Escrow Agent copies of the Documents executed by
the Company to the extent it is a party thereto. 2.3. Delivery of Escrowed
Payment to Escrow Agent. On or about the date hereof, the Purchaser shall
deliver to the Escrow Agent the Escrowed Payment.
2.4. Intention to Create Escrow Over the Escrowed Payment. The Purchaser and the
Company intend that the Escrowed Payment shall be held in escrow by the Escrow
Agent and released from escrow by the Escrow Agent only in accordance with the
terms and conditions of this Agreement.
ARTICLE III

                                RELEASE OF ESCROW
3.1. Release of Escrow. Subject to the provisions of Section 4.2, the Escrow
Agent shall release the Escrowed Payment from escrow as follows: (a) Promptly
following receipt by the Escrow Agent of (i) copies of the fully executed
Documents and this Agreement, (ii) the Escrowed Payment in immediately available
funds, (iii) joint written instructions ("Joint Instructions") executed by the
Company and the Purchaser setting forth the payment direction instructions with
respect to the Escrowed Payment and (iv) Escrow Agent's verbal instructions from
David Grin and/or Eugene Grin (each of whom is a director of the Purchaser)
indicating that all closing conditions relating to the Documents have been
satisfied and directing that the Escrowed Payment be disbursed by the Escrow
Agent in accordance with the Joint Instructions, then the Escrowed Payment shall
be deemed released from escrow and shall be promptly disbursed in accordance
with the Joint Instructions. The Joint Instructions shall include, without
limitation, Escrow Agent's authorization to retain from the Escrowed Payment
Escrow Agent's fee for acting as Escrow Agent hereunder and the Closing Payment
for delivery to Laurus Capital Management, LLC in accordance with the Joint
Instructions.
(b) Upon receipt by the Escrow Agent of a final and non-appealable judgment,
order, decree or award of a court of competent jurisdiction (a "Court Order")
relating to the Escrowed Payment, the Escrow Agent shall remit the Escrowed
Payment in accordance with the Court Order. Any Court Order shall be accompanied
by an opinion of counsel for the party presenting the Court Order to the Escrow
Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect
that the court issuing the Court Order is a court of competent jurisdiction and
that the Court Order is final and non-appealable.
3.2. Acknowledgement of Company and Purchaser; Disputes. The Company and the
Purchaser acknowledge that the only terms and conditions upon which the Escrowed
Payment are to be released from escrow are as set forth in Sections 3 and 4 of
this Agreement. The Company and the Purchaser reaffirm their agreement to abide
by the terms and conditions of this Agreement with respect to the release of the
Escrowed Payment. Any dispute with respect to the release of the Escrowed
Payment shall be resolved pursuant to Section 4.2 or by written agreement
between the Company and Purchaser.
ARTICLE IV

                           CONCERNING THE ESCROW AGENT
4.1. Duties and Responsibilities of the Escrow Agent. The Escrow Agent's duties
and responsibilities shall be subject to the following terms and conditions: (a)
The Purchaser and the Company acknowledge and agree that the Escrow Agent (i)
shall not be required to inquire into whether the Purchaser, the Company or any
other party is entitled to receipt of any Document or all or any portion of the
Escrowed Payment; (ii) shall not be called upon to construe or review any
Document or any other document, instrument or agreement entered into in
connection therewith; (iii) shall be obligated only for the performance of such
duties as are specifically assumed by the Escrow Agent pursuant to this
Agreement; (iv) may rely on and shall be protected in acting or refraining from
acting upon any written notice, instruction, instrument, statement, request or
document furnished to it hereunder and believed by the Escrow Agent in good
faith to be genuine and to have been signed or presented by the proper person or
party, without being required to determine the authenticity or correctness of
any fact stated therein or the propriety or validity or the service thereof; (v)
may assume that any person purporting to give notice or make any statement or
execute any document in connection with the provisions hereof has been duly
authorized to do so; (vi) shall not be responsible for the identity, authority
or rights of any person, firm or company executing or delivering or purporting
to execute or deliver this Agreement or any Document or any funds deposited
hereunder or any endorsement thereon or assignment thereof; (vii) shall not be
under any duty to give the property held by Escrow Agent hereunder any greater
degree of care than Escrow Agent gives its own similar property; and (viii) may
consult counsel satisfactory to Escrow Agent (including, without limitation,
Loeb & Loeb, LLP or such other counsel of Escrow Agent's choosing), the opinion
of such counsel to be full and complete authorization and protection in respect
of any action taken, suffered or omitted by Escrow Agent hereunder in good faith
and in accordance with the opinion of such counsel. (b) The Purchaser and the
Company acknowledge that the Escrow Agent is acting solely as a stakeholder at
their request and that the Escrow Agent shall not be liable for any action taken
by Escrow Agent in good faith and believed by Escrow Agent to be authorized or
within the rights or powers conferred upon Escrow Agent by this Agreement. The
Purchaser and the Company hereby, jointly and severally, indemnify and hold
harmless the Escrow Agent and any of Escrow Agent's partners, employees, agents
and representatives from and against any and all actions taken or omitted to be
taken by Escrow Agent or any of them hereunder and any and all claims, losses,
liabilities, costs, damages and expenses suffered and/or incurred by the Escrow
Agent arising in any manner whatsoever out of the transactions contemplated by
this Agreement and/or any transaction related in any way hereto, including the
fees of outside counsel and other costs and expenses of defending itself against
any claims, losses, liabilities, costs, damages and expenses arising in any
manner whatsoever out the transactions contemplated by this Agreement and/or any
transaction related in any way hereto, except for such claims, losses,
liabilities, costs, damages and expenses incurred by reason of the Escrow
Agent's gross negligence or willful misconduct. The Escrow Agent shall owe a
duty only to the Purchaser and Company under this Agreement and to no other
person.
(c) The Purchaser and the Company shall jointly and severally reimburse the
Escrow Agent for its reasonable out-of-pocket expenses (including counsel fees
(which counsel may be Loeb & Loeb LLP or such other counsel of the Escrow
Agent's choosing) incurred in connection with the performance of its duties and
responsibilities hereunder, which shall not (subject to Section 4.1(b)) exceed
$2,000.
(d) The Escrow Agent may at any time resign as Escrow Agent hereunder by giving
five (5) business days prior written notice of resignation to the Purchaser and
the Company. Prior to the effective date of resignation as specified in such
notice, the Purchaser and Company will issue to the Escrow Agent a Joint
Instruction authorizing delivery of the Documents and the Escrowed Payment to a
substitute Escrow Agent selected by the Purchaser and the Company. If no
successor Escrow Agent is named by the Purchaser and the Company, the Escrow
Agent may apply to a court of competent jurisdiction in the State of New York
for appointment of a successor Escrow Agent, and deposit the Documents and the
Escrowed Payment with the clerk of any such court and/or otherwise commence an
interpleader or similar action for a determination of where to deposit the same.
(e) The Escrow Agent does not have and will not have any interest in the
Documents and the Escrowed Payment, but is serving only as escrow agent, having
only possession thereof.
(f) The Escrow Agent shall not be liable for any action taken or omitted by it
in good faith and reasonably believed by it to be authorized hereby or within
the rights or powers conferred upon it hereunder, nor for action taken or
omitted by it in good faith, and in accordance with advice of counsel (which
counsel may be Loeb & Loeb, LLP or such other counsel of the Escrow Agent's
choosing), and shall not be liable for any mistake of fact or error of judgment
or for any acts or omissions of any kind except to the extent any such liability
arose from its own willful misconduct or gross negligence.
(g) This Agreement sets forth exclusively the duties of the Escrow Agent with
respect to any and all matters pertinent thereto and no implied duties or
obligations shall be read into this Agreement. (h) The Escrow Agent shall be
permitted to act as counsel for the Purchaser or the Company, as the case may
be, in any dispute as to the disposition of the Documents and the Escrowed
Payment, in any other dispute between the Purchaser and the Company, whether or
not the Escrow Agent is then holding the Documents and/or the Escrowed Payment
and continues to act as the Escrow Agent hereunder.
(i) The provisions of this Section 4.1 shall survive the resignation of the
Escrow Agent or the termination of this Agreement. 4.2. Dispute Resolution;
Judgments. Resolution of disputes arising under this Agreement shall be subject
to the following terms and conditions:
(a) If any dispute shall arise with respect to the delivery, ownership, right of
possession or disposition of the Documents and/or the Escrowed Payment, or if
the Escrow Agent shall in good faith be uncertain as to its duties or rights
hereunder, the Escrow Agent shall be authorized, without liability to anyone, to
(i) refrain from taking any action other than to continue to hold the Documents
and the Escrowed Payment pending receipt of a Joint Instruction from the
Purchaser and Company, (ii) commence an interpleader or similar action, suit or
proceeding for the resolution of any such dispute; and/or (iii) deposit the
Documents and the Escrowed Payment with any court of competent jurisdiction in
the State of New York, in which event the Escrow Agent shall give written notice
thereof to the Purchaser and the Company and shall thereupon be relieved and
discharged from all further obligations pursuant to this Agreement. The Escrow
Agent may, but shall be under no duty to, institute or defend any legal
proceedings which relate to the Documents and the Escrowed Payment. The Escrow
Agent shall have the right to retain counsel if it becomes involved in any
disagreement, dispute or litigation on account of this Agreement or otherwise
determines that it is necessary to consult counsel which such counsel may be
Loeb & Loeb LLP or such other counsel of the Escrow Agent's choosing.
(b) The Escrow Agent is hereby expressly authorized to comply with and obey any
Court Order. In case the Escrow Agent obeys or complies with a Court Order, the
Escrow Agent shall not be liable to the Purchaser and Company or to any other
person, firm, company or entity by reason of such compliance.
ARTICLE V

                                 GENERAL MATTERS
5.1. Termination. This escrow shall terminate upon disbursement of the Escrowed
Payment in accordance with the terms of this Agreement or earlier upon the
agreement in writing of the Purchaser and Company or resignation of the Escrow
Agent in accordance with the terms hereof.
5.2. Notices. All notices, requests, demands and other communications required
or permitted hereunder shall be in writing and shall be deemed to have been duly
given one (1) day after being sent by telecopy (with copy delivered by overnight
courier, regular or certified mail):

                  If to the Company, to:
                  Creative Vistas, Inc.
                  Attention:        Chief Financial Officer
                           2100 Forbes Street, Units-8-10
                  Whitby, Ontario, L1N 9T3
                  Canada
                  Telephone:  905.666.8676
                  Facsimile:        905.666.9795

                  with a copy to:
                  Feldman Weinstein LLP
                  420 Lexington Avenue
                  New York, NY 10170
                  Attention: David N. Feldman
                  Telephone: (212) 869-7000
                  Facsimile: (212) 997-4242

                                    (b) If to the Purchaser, to: LAURUS MASTER
                                   FUND, LTD.
                                   M&C Corporate Services Limited, P.O. Box 309
                                   GT, Ugland House, South Church Street, George
                                   Town, Grand Cayman, Cayman Islands, Fax:
                                   345-949-8080

(c) If to the Escrow Agent, to:

                           Loeb & Loeb LLP
                           345 Park Avenue
                           New York, New York 10154
                           Fax:  (212) 407-4990
                           Attention:  Scott J. Giordano, Esq.

or to such other address as any of them shall give to the others by notice made
pursuant to this Section 5.2.

5.3. Interest. The Escrowed Payment shall not be held in an interest bearing
account nor will interest be payable in connection therewith.

5.4. Assignment; Binding Agreement. Neither this Agreement nor any right or
obligation hereunder shall be assignable by any party without the prior written
consent of the other parties hereto. This Agreement shall inure to the benefit
of and be binding upon the parties hereto and their respective legal
representatives, successors and assigns.
5.5. Invalidity. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid,
illegal, or unenforceable in any respect for any reason, the validity, legality
and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be in any way impaired thereby,
it being intended that all of the rights and privileges of the parties hereto
shall be enforceable to the fullest extent permitted by law. 5.6.
Counterparts/Execution. This Agreement may be executed in any number of
counterparts and by different signatories hereto on separate counterparts, each
of which, when so executed, shall be deemed an original, but all such
counterparts shall constitute but one and the same agreement. This Agreement may
be executed by facsimile transmission.

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date and year first above written.

                                            COMPANY:

                                            CREATIVE VISTAS, INC.

                                            By: /s/ Sayan Navaratnam
                                                --------------------------------
                                            Name:  Sayan Navaratnam
                                            Title: CEO

                                            PURCHASER:

                                            LAURUS MASTER FUND, LTD.

                                            By: /s/ David Grin
                                               ---------------------------------
                                            Name: David Grin
                                            Title:

                                            ESCROW AGENT:

                                            LOEB & LOEB LLP

                                            By: /s/ Scott J. Giordano
                                               ---------------------------------
                                            Name:  Scott J. Giordano
                                            Title: Partner
<PAGE>

                      SCHEDULE A TO FUNDS ESCROW AGREEMENT

<TABLE>
<CAPTION>
--------------------------------------------------------------- ------------------------------------------------------
PURCHASER                                                       PRINCIPAL NOTE AMOUNT
--------------------------------------------------------------- ------------------------------------------------------
<S>                                                             <C>
LAURUS MASTER FUND, LTD.,                                       Term  Note  in  an  aggregate   principal  amount  of
M&C  Corporate  Services  Limited,  P.O.  Box 309  GT,  Ugland  $4,500,000
House, South Church Street,  George Town, Grand Cayman, Cayman
Islands, Fax: 345-949-8080                                      Minimum  Borrowing  Note  in an  aggregate  principal
                                                                amount of $1,000,000

                                                                Revolving  Note in an aggregate  principal  amount of
                                                                $2,000,000
--------------------------------------------------------------- ------------------------------------------------------
--------------------------------------------------------------- ------------------------------------------------------
TOTAL                                                           $___________
--------------------------------------------------------------- ------------------------------------------------------

--------------------------------------------------------------- ------------------------------------------------------
FUND MANAGER                                                    CLOSING PAYMENT
--------------------------------------------------------------- ------------------------------------------------------
--------------------------------------------------------------- ------------------------------------------------------
LAURUS CAPITAL MANAGEMENT, L.L.C.                               Closing    payment   payable   in   connection   with
825 Third Avenue, 14th Floor                                    investment  by Laurus  Master  Fund,  Ltd.  for which
New York, New York 10022                                        Laurus Capital Management, L.L.C. is the Manager.
Fax: 212-541-4434
--------------------------------------------------------------- ------------------------------------------------------
--------------------------------------------------------------- ------------------------------------------------------
TOTAL                                                           $______________
--------------------------------------------------------------- ------------------------------------------------------

WARRANTS

--------------------------------------------------------------- ------------------------------------------------------
WARRANT RECIPIENT                                               WARRANTS IN CONNECTION WITH OFFERING
--------------------------------------------------------------- ------------------------------------------------------
--------------------------------------------------------------- ------------------------------------------------------
LAURUS MASTER FUND, LTD. Warrant exercisable into ______ shares of common A
Cayman Island corporation stock of the Company issuable in connection with the
M&C Corporate Services Limited, P.O. Box 309 GT, Ugland Term Note, the Minimum
Borrowing Note and the House, South Church Street, George Town, Grand Cayman,
Cayman Revolving Note.
Islands, Fax: 345-949-8080

--------------------------------------------------------------- ------------------------------------------------------
--------------------------------------------------------------- ------------------------------------------------------
TOTAL                                                           Warrants  exercisable  into ________ shares of common
                                                                stock of the Company
--------------------------------------------------------------- ------------------------------------------------------

</TABLE>Exhibit 10.12

                          RESTRICTED ACCOUNT AGREEMENT

      This Restricted  Account Agreement (this "Agreement") is entered into this
30th day of  September  2004,  by and among NORTH FORK BANK,  a New York banking
corporation  with  offices at 275  Broadhollow  Road,  Melville,  New York 11747
(together with its successors and assigns,  the "Bank"),  CREATIVE VISTAS, INC.,
an Arizona corporation with offices at 2100 Forbes Street,  Units-8-10,  Whitby,
Ontario,   L1N  9T3  Canada(together   with  its  successors  and  assigns,  the
"Company"),  and LAURUS MASTER FUND,  LTD., a Cayman  Islands  corporation  with
offices at 825 Third Avenue, 14th Floor, New York, New York 10022 (together with
its  successors  and  assigns,   "Laurus").  Unless  otherwise  defined  herein,
capitalized  terms used herein shall have the meaning provided such terms in the
Purchase Agreement referred to below.

      WHEREAS,  Laurus has provided financing to the Company, which financing is
evidenced  by  a  Securities   Purchase  Agreement  (as  amended,   modified  or
supplemented  from  time to time,  the  "Purchase  Agreement")  and the  Related
Agreements referred to therein;

      WHEREAS,  the Company and Laurus have retained the Bank to provide certain
services with respect to the Restricted Account (as defined below); and

      WHERERAS,  the Company and Laurus have agreed that an amount of cash equal
to  $1,250,000  shall be  deposited  by Laurus on behalf of the  Company by wire
transfer of immediately available funds into the Restricted Account,  which cash
shall  be held by the  Bank for the  benefit  of  Laurus,  as  security  for the
Company's and its Subsidiaries' obligations under the Purchase Agreement and the
Related Agreements. For the purposes of this Agreement, the "Restricted Account"
shall mean that  certain  deposit  account (as  defined in Section  9-102 of the
Uniform  Commercial  Code as in  effect  in the  State  of New  York on the date
hereof)  described  on  Exhibit  B hereto,  which  Restricted  Account  shall be
maintained at the Bank and shall be in the sole dominion and control of Laurus;

      NOW THEREFORE,  in consideration  of the mutual promises  contained herein
and for other good and valuable consideration the sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

      1. The Bank is hereby authorized to accept for deposit into the Restricted
Account  the sum of  $1,250,000.  The  Bank  hereby  agrees  to hold any and all
monies,  and other  amounts  from  time to time on  deposit  and/or  held in the
Restricted  Account  for the  benefit of the Laurus  and shall not  release  any
monies  held in the  Restricted  Account  until such time as the Bank shall have
received a notice  from  Laurus  substantially  in the form  attached  hereto as
Exhibit A (a "Release  Notice").  Following the receipt of a Release Notice from
Laurus,  the Bank agrees to promptly  disburse the amount of cash referred to in
such  Release  Notice to such  account  as Laurus  shall  determine  in its sole
discretion.  The Bank  hereby  agrees  that it will  only  comply  with  written
instructions  originated  by  Laurus  directing  disposition  of  funds  in  the
Restricted Account. The Company hereby irrevocably authorizes the Bank to comply
with any and all  instructions  given to the Bank by Laurus with  respect to the
Restricted Account without further consent by the Company. The Bank, the Company
and Laurus agree that the  Restricted  Account is in Laurus'  sole  dominion and
control.
<PAGE>

      2.  Each of the  Company,  Laurus  and the  Bank  hereby  agrees  that the
Restricted  Account shall not be closed, and the account name and account number
in respect thereof shall not be changed, in any case, without the consent of the
Laurus, except as specifically provided for in Section 9 below.

      3. The Bank hereby  subordinates any claims and security  interests it may
have against,  or with respect to, the Restricted Account (including any amounts
from  time to time on  deposit  therein)  to the  security  interests  of Laurus
therein,  and agrees  that no amounts  shall be charged by it to, or withheld or
set-off or otherwise  recouped by it from, the Restricted Account or any amounts
from time to time on deposit  therein;  provided  that, in  connection  with all
service  charges and any other  charges which the Bank is entitled to receive in
connection  with the servicing and  maintaining of the Restricted  Account (such
charges,  collectively, the "Charges"), each of the Company, Laurus and the Bank
hereby agrees that the Bank will collect such Charges in the  following  manner:
(i) first, the Bank will charge other deposit accounts maintained by the Company
with the Bank, (ii) second,  in the event that there are insufficient  collected
funds in such other deposit accounts to pay such Charges, the Bank will promptly
notify  the  Company  and Laurus  with  respect  to same and,  within  seven (7)
business days of the Company's receipt of such notice,  the Company shall pay to
the Bank the full  amount of such  Charges  then due,  and (iii)  third,  if the
Company  fails to pay to the Bank such  Charges  then due within the time period
set forth in the preceding clause (ii), the Bank will promptly provide a written
notice  to Laurus  of such  occurrence  and,  in such  case,  the Bank is hereby
authorized,  following a period of five (5)  business  days after the receipt of
such  written  notice  by  Laurus,  to  deduct  such  Charges  then due from the
Restricted  Account,  unless,  during such five (5) business day period,  Laurus
pays the amount of any such  Charges  then due to the Bank from its own account.
Except for the payment of the Charges as set forth in the immediately  preceding
proviso,  the Bank agrees that it shall not offset,  deduct or claim against the
Restricted Account unless and until Laurus has notified the Bank in writing that
all of the Company's  obligations  under the Purchase  Agreement and the Related
Agreements have been performed.

      4. The Company and the Bank agree that the  maintenance by the Bank of the
Restricted  Account shall be as agent for Laurus.  The Bank shall be responsible
for the  performance  of only such  duties as are set forth  herein.  The Bank's
duties hereunder,  however,  are merely ministerial,  and the Bank shall have no
liability or  obligation to the Company or Laurus or to any other person for any
act or omission of the Bank in  connection  with the  performance  of the Bank's
duties in servicing and/or maintaining the Restricted  Account,  except for acts
of gross negligence or willful misconduct by Bank. IN NO EVENT,  HOWEVER,  SHALL
THE  BANK  HAVE ANY  RESPONSIBILITY  FOR  CONSEQUENTIAL,  INDIRECT,  SPECIAL  OR
EXEMPLARY  DAMAGES OR LOST PROFITS,  WHETHER OR NOT IT HAS NOTICE  THEREOF,  AND
REGARDLESS OF THE BASIS,  THEORY OR NATURE OF THE ACTION UPON WHICH THE CLAIM IS
ASSERTED,  NOR SHALL IT HAVE ANY RESPONSIBILITY OR LIABILITY FOR THE VALIDITY OR
ENFORCEABILITY  OF ANY  SECURITY  INTEREST  OR OTHER  INTEREST  OF LAURUS OR THE
COMPANY IN THE RESTRICTED  ACCOUNT.  In furtherance of and without  limiting the
foregoing,  the Company  and Laurus  agree that the Bank shall not be liable for
any damage or loss to them for any delay or failure of  performance  arising out
of the acts or omissions of any third  parties,  including,  but not limited to,
various communication  services,  courier services,  the Federal Reserve system,
any other bank or any third  party who may be  affected  by funds  transactions,
fire,   mechanical,   computer  or  electrical   failures  or  other  unforeseen
contingencies,  strikes or any similar or dissimilar cause beyond the reasonable
control of the Bank.  This  paragraph  shall  survive  the  termination  of this
Agreement.

                                       2
<PAGE>

      5. Except  where the Bank has been  grossly  negligent or has acted in bad
faith,  each of Laurus  and the  Company  and their  respective  successors  and
assigns  will  release  the Bank  from  and  shall  indemnify  and hold the Bank
harmless  from and  against any and all losses,  claims,  damages,  liabilities,
costs and expenses  (including,  without  limitation,  reasonable  counsel fees,
whether  arising  in an  action  or  proceeding  among  the  parties  hereto  or
otherwise,  without  regard to the merit or lack of merit  thereof) to which the
Bank may  become  subject,  or which it may suffer or incur,  arising  out of or
based upon this  Agreement or the actions  contemplated  hereby.  This paragraph
shall survive termination of this Agreement.

      6. The Bank shall be fully  protected  in acting on any order or direction
by Laurus respecting the items received by the Bank or the monies or other items
in the Restricted  Account without making any independent  inquiry whatsoever as
to Laurus'  rights or  authority  to give such order or  direction  or as to the
application of any payments made pursuant thereto.

      7.  Nothing in this  Agreement  shall be deemed to prohibit  the Bank from
complying with its customary  procedures in the event that it is served with any
legal process with respect to the Restricted Account.

      8. The rights and powers  granted in this  Agreement  to Laurus  have been
granted in order to protect and further  perfect its  security  interests in the
Restricted  Account (including any amounts from time to time on deposit therein)
and are powers  coupled  with an interest  and will be  affected  neither by any
purported  revocation by the Company of this  Agreement or the rights granted to
Laurus  hereunder  or  by  the  bankruptcy,   insolvency,   conservatorship   or
receivership of the Company or the Bank or by the lapse of time.

      9. This  Agreement may not be amended or waived except by an instrument in
writing signed by each of the parties  hereto.  This Agreement may be terminated
by the Bank upon giving the Company  and Laurus  thirty (30) days prior  written
notice.  Laurus shall  designate a successor  bank on or prior to the  effective
date  of  such  termination  and the  Bank  shall  deliver  the  balance  in the
Restricted  Account to such  successor  bank.  Any notice  required  to be given
hereunder may be given,  and shall be deemed given when delivered,  via telefax,
U.S. mail return receipt requested or nationally recognized overnight courier to
each of the  parties at the  address  set forth  above.  This  Agreement  may be
executed in any number of  counterparts,  each of which shall be an original and
all of which, when taken together,  shall constitute one agreement.  Delivery of
an executed signature page of this Agreement by facsimile  transmission shall be
effective as delivery of a manually executed  counterpart hereof or thereof,  as
the case  may be.  This  Agreement  shall  be  governed  by,  and  construed  in
accordance  with,  the laws of the  State of New  York,  without  regard  to its
conflict of laws  principles.  This  Agreement  sets forth the entire  agreement
between the parties  hereto as to the matters set forth herein and supersede all
prior communications,  written or oral, with respect to the matters herein. EACH
OF THE PARTIES  HERETO  HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO
ANY CLAIM,  ACTION,  SUIT OR PROCEEDING  ARISING OUT OF OR  CONTEMPLATED BY THIS
AGREEMENT.  THE BANK, THE COMPANY AND LAURUS EACH HEREBY SUBMIT TO THE EXCLUSIVE
JURISDICTION  OF THE FEDERAL AND NEW YORK STATE COURTS  LOCATED IN THE COUNTY OF
NEW YORK IN CONNECTION WITH ANY DISPUTE RELATED TO THIS AGREEMENT OR ANY MATTERS
CONTEMPLATED HEREBY OR THEREBY.

                                     * * * *

                                       3
<PAGE>

      Agreed and accepted this 30th day of September, 2004.

                                            NORTH FORK BANK

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

                                            LAURUS MASTER FUND, LTD.

                                            By: /s/ David Grin
                                               ---------------------------------
                                            Name: David Grin
                                            Title:

                                            CREATIVE VISTAS, INC.

                                            By:/s/ Sayan Navaratnam
                                               ---------------------------------
                                            Name:  Sayan Navaratnam
                                            Title: CEO

                                       4
<PAGE>

                                    EXHIBIT A

                                 RELEASE NOTICE

TO:   NORTH FORK BANK
      404 FIFTH AVE.,  SUITE 1
      NEW YORK, NY  10018

RE:   ACCOUNT NAME: CREATIVE VISTAS, INC.
      ACCOUNT NUMBER: 2704053277

      Reference is made to that certain Restricted  Account Agreement,  dated as
of September 30, 2004 (the  "Restricted  Account  Agreement"),  among North Fork
Bank (the "Bank"),  Creative  Vistas,  Inc. (the  "Company"),  and Laurus Master
Fund, Ltd. ("Laurus").

      This is to notify you that Laurus authorizes the release of $_____________
(the "Release Amount") from the account  referenced above in accordance with the
terms of the Restricted Account Agreement. Within one business day following the
receipt of this  Release  Notice,  the Bank  hereby  agrees to wire the  Release
Amount (or, in the event that the amount in the Restricted  Account is less than
the Release Amount,  such lesser amount) to the following  account in accordance
with the wire instructions set forth below:

                           [INSERT WIRE INSTRUCTIONS]

                                            LAURUS MASTER FUND, LTD.

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

      Agreed and accepted this __ day of ___________ 200__.

      NORTH FORK BANK

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

                                       5
<PAGE>

                                    EXHIBIT B

                               Restricted Account

o     Bank:                North Fork Bank

o     Bank Routing Number: 021407912
      Attn:                Sheldon Selman
      Phone:               212-967-9400

      Account Name:        Creative Vistas, Inc.

      Account #:           2704053277

                                       6

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