Document:

Exhibit 10.15

                                                                  EXECUTION COPY

                         ASSET/STOCK PURCHASE AGREEMENT

                                  by and among

                           Dolphin US Logistics Inc.,

                                                         as Purchaser,

                                       and

                              TUG Logistics, Inc.,

                            Glare Logistics Inc., and

                          TUG Logistics (Miami), Inc.,

                                                         as Sellers

                                       and

                      Clare Freight, Los Angeles, Inc., and

                               TUG New York, Inc.

                                                         as TUG Companies

                                       and

                                 Robert Lee, and

                                    Robert Wu

                                                         as Selling Shareholders

                                       and

                       Wang Dong, Di Wang and Han Huy Ling

                                 October 2, 2006

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                         ASSET/STOCK PURCHASE AGREEMENT

      THIS ASSET/STOCK PURCHASE AGREEMENT (the "Agreement") is dated October 2,
2006 by and among DOLPHIN US LOGISTICS, INC. (tbr: "TUG USA, Inc."), a New
Jersey corporation (the "Purchaser") and each of TUG Logistics, Inc., a
California corporation, Glare Logistics Inc., a California corporation, and TUG
Logistics (Miami), Inc., a Florida corporation (together the "Sellers" or
individually, a "Seller") in respect of the Purchased Assets (as defined below);
Clare Freight, Los Angeles, Inc., a California corporation ("Clare") in respect
of all of the equity of Clare and TUG New York, Inc., a New York corporation
("TUG NY", together with Clare, the "TUG Companies") in respect of all of the
equity of TUG NY; and Robert Lee and Robert Wu (each a "Selling Shareholder" or
collectively, the "Selling Shareholders").

                              W I T N E S S E T H:

      WHEREAS, the Sellers are engaged in the business of providing warehousing,
distribution and ocean transportation intermediary services to major retailers,
wholesalers, importers, and domestic manufacturers (collectively, the "Logistics
Business"), Clare is engaged in the customs clearance brokerage business and TUG
NY is a newly established company that will be engaged in the logistics
business;

      WHEREAS, subject to and dependent on Maritime Logistics U.S. Holdings
Inc.'s ("MLI") acquisition of FMI Holdco., I LLC and certain of its parents
("FMI"), the Sellers and Selling Shareholders desire to sell and transfer to the
Purchaser certain of the assets, properties and business of the Logistics
Business of the Sellers located principally at the Sellers' facilities in the
State of California, the State of New York, the State of Florida and branch
offices in Atlanta, Georgia; Houston, Texas and High Point, North Carolina,
pursuant to and in accordance with the terms and conditions of this Agreement;

      WHEREAS, the Purchaser wishes to acquire such assets, properties and
business of the Sellers, and to assume certain of the liabilities of the
Sellers, pursuant to and in accordance with the terms and conditions of this
Agreement;

      WHEREAS, the Purchaser desires to purchase and each of the Selling
Shareholders desires, respectively, to sell to the Purchaser, (i) one hundred
percent (100%) of their interest in the issued and outstanding capital stock of
Clare representing all of the capital stock of Clare and (ii) one hundred
percent (100%) of the issued and outstanding Capital Stock of TUG NY owned by
the Selling Shareholders and Mr. Wang Dong and Mrs. Han Huy Ling.

      WHEREAS, it is intended that a public company shell (tbr: "Maritime
Logistics International, Inc."), a public company incorporated under the laws of
Delaware (the "Company"), MLI Acquisition Corp., a Delaware corporation and a
direct wholly-owned subsidiary of the Company (the "Merger Sub"), and Maritime
Logistics U.S. Holdings Inc., the parent corporation of the Purchaser ("Maritime
Holdings"), will enter into that

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certain merger agreement, dated as of the closing date (the "Merger Agreement"),
pursuant to which the Merger Sub will merge into Maritime Holdings and Maritime
Holdings will be the surviving entity (the "Surviving Entity") and wholly-owned
subsidiary of the Company, and as a condition to the effectiveness of the Merger
(as defined in the Merger Agreement), the Sellers, the TUG Companies and the
Purchaser shall have executed this Agreement;

      WHEREAS, as a condition to the effectiveness of the Merger and this
Agreement, the Company shall enter (i) that certain securities purchase
agreement by and among the Company and the convertible noteholders which are
parties thereto (the "Convertible Noteholders"), pursuant to which the Company
shall issue senior secured convertible notes due 2011 (the "Convertible Notes")
and warrants exercisable to purchase shares of common stock (the "Common Stock")
of the Company (the "Note Warrants"), the proceeds of which convertible note
offering shall finance a portion of the purchase price of the Purchased Assets
and the TUG Companies, among other things; (ii) that certain registration rights
agreement (the "Registration Rights Agreement") between the Convertible
Noteholders and the Company in respect of the registration of the Common Stock
underlying the Convertibles Notes and the Common Stock underlying the Note
Warrants; (iii) the management lockup agreement, by and among the Selling
Shareholders, as members of the Company's management and the Company (the "TUG
Lockup Agreement"), in the form attached as Exhibit A; (iv) that certain term
loan (the "Senior Secured Term Loan") by and between the Company and the lenders
which are parties thereto (the "Lenders"), pursuant to which the Company shall
borrow funds which may be used in part to finance a portion of the purchase
price of the Purchased Assets and the TUG Companies, among other things, (v) the
credit agreement (the "Credit Agreement") between the Company and Lender(s),
pursuant to which the Lenders may finance a portion of the purchase price the
Purchased Assets and the TUG Companies, among other things; (vi) the securities
purchase agreement (the "PIPE Security Agreement"), by and among the Company and
the buyers (the "PIPE Buyers") listed on SCHEDULE C attached thereto, pursuant
to which the Company agrees to issue and deliver to each PIPE Buyer the Common
Stock (the "PIPE Common Stock") and warrants (the "PIPE Warrants"), which will
be exercisable to purchase shares of Common Stock, and proceeds from the PIPE
Buyers shall be used to finance the remaining portion of the purchase price of
the Purchased Assets and the TUG Companies, among other things; and (vi) the
voting agreement (the "Voting Agreement"; together with the Convertible Note,
the Note Warrant, the Registration Rights Agreement, the TUG Lockup Agreement,
the Senior Secured Term Loan, the Credit Agreement, the PIPE Security Agreement
and the PIPE Warrants, the "Financing Documents") between the Company and
certain holders of the Common Stock (the "Stockholders"), including the Selling
Shareholders, Mr. Wang Dong, Mrs. Han Huy Ling and Di Wang, providing for the
agreement of the Stockholders to vote their respective Common Stock as provided
therein, in the form attached as Exhibit B;

      NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements herein set forth, the parties hereby agree as follows:

<PAGE>

                                    ARTICLE I

                      SALE AND PURCHASE OF ASSETS AND STOCK

      1.1 PURCHASED ASSETS. Subject to the terms and conditions set forth in
this Agreement, the Sellers will convey, sell, transfer, assign and deliver to
the Purchaser, and the Purchaser will purchase, acquire and accept from the
Sellers, in exchange for the consideration set forth in Article II hereof, all
right, title and interest of the Sellers in and to the following assets,
properties and business (collectively, the "Purchased Assets") of the Logistics
Business, including those of the branch offices located at Atlanta, Georgia,
Houston, Texas and High Point, North Carolina, of every kind, nature and
description, personal, tangible and intangible, known and unknown, wherever
located in each case, as the same shall exist on the Closing Date, as defined in
Section 4 hereof:

      (a) all personal property, including all motor vehicles, software,
membership interests in industry groups, machinery, equipment, copiers, computer
hardware, furniture, fixtures, supplies, tickets to sporting events and other
tangible personal property of the Logistics Business owned by the Sellers
("Personal Property") as set forth in SCHEDULE 1.1

      (b) all transportation contracts ("Transportation Contracts");

      (c) all arrangements with suppliers ("Suppliers") including those
providing agency services;

      (d) current assets, including all lease deposits, prepaid expenses,
prepaid taxes (other than prepaid income taxes), Adjusted Working Capital as
defined in Section 2.6, and all other current assets (other than nontransferable
insurance deposits) ("Current Assets");

      (e) other contracts, including all claims and rights thereunder of all
warehousing agreements, material agreements, licenses, evidences of
indebtedness, computer software and systems, commitments (collectively, the
"Additional Contracts" and together with the Transportation Contracts and
arrangements with Suppliers, the "Contracts") as set forth in SCHEDULE 1.1(E);

      (f) to the extent transferable to the Purchaser, all material permits,
including all material franchises, licenses, permits, consents and
authorizations and approvals of any federal, state or local regulatory,
administrative or other governmental agency or body relating to the Logistics
Business, including those set forth on SCHEDULE 1.1(F) attached hereto under the
heading "Non-Transferable Governmental Permits" (the "Non-Transferable
Governmental Permits") and those set forth on SCHEDULE 1.1(F) under the heading
"Transferable Governmental Permits" (the "Transferable Governmental Permits")
and made a part hereof;

      (g) proprietary rights, including all trade secrets, product plans, logos,

<PAGE>

trademarks, applications, know-how, copyrights, patents, software, databases,
all patents, patent applications, licenses, trademarks, trade names, copyrights
and applications therefor, and any other proprietary rights used in the business
of the Logistics Business and owned or used by the Sellers and/or Selling
Shareholders (collectively, the "Intellectual Property Rights");

      (h) records, including all sales invoices, revenue registers and accounts
receivable records, all business records in the possession of the Sellers
relating to the Logistics Business, including customer files, correspondence
with customers and account histories, sales literature and promotional material
pertaining to the business of the Sellers designed or used by or for the
Logistics Business;

      (i) other rights, including the Sellers' rights under any warranties, all
causes of actions and all proceeds of insurance claims for physical damage to
any tangible property included in the Purchased Assets (subject to Section
8.4.1(d));

      (j) all of the Sellers' rights and interests under all leases (other than
the Real Property Leases conveyed pursuant to Section 1.1(k) hereto) (the
"Leases") entered into by the Sellers in the ordinary course of business of the
Logistics Business, including certain capital lease assets/obligations with
respect to, among other things, trailers and forklifts, if applicable;

      (k) the real property leased by the Sellers under lease agreements as set
forth on Schedule 5.11 (the "Real Property Leases") and all, land, buildings or
leasehold improvements pursuant thereto or to applicable law;

      (1) the goodwill of the Sellers' businesses;

      (m) all employee and customer lists and records of the Sellers;

      (n) all accounts receivable of the Logistics Business after the Closing
Date (and such account receivables will be set forth in Schedule 8.5A, to be
delivered to the Purchaser forty-five (45) days after the Closing Date)
(collectively, "Accounts Receivable"); and

      (o) all inventories and assets owned by and relating to the Logistics
Business, including supplies and other materials (collectively, the
"Inventory"), as such Inventory exists on the Closing Date.

      1.2 AGREEMENT TO SELL AND PURCHASE STOCK. Subject to the terms and
conditions hereinafter set forth, each of the Selling Shareholders hereby sells
(a) one hundred percent (100%) of the issued and outstanding capital stock of
Clare (the "Clare Stock") and (b) agree to cause one hundred percent (100%) of
the issued and outstanding capital stock of TUG NY (the "TUG NY Stock", together
with the Clare Stock, the "Shares"), legally and beneficially owned by each of
them and Mr. Wang Dong and Mrs. Han Huy Ling, as the case may be, to Purchaser
and Purchaser hereby purchases the

<PAGE>

Shares from each of the Selling Shareholders and Mr. Wang Dong and Mrs. Han Huy
Ling, as the case may be. The Shares represent all of the issued and outstanding
capital stock of Clare and TUG, respectively, as of the Closing Date.

      1.3 SHARES TO BE TRANSFERRED. At the Closing, each of the Selling
Shareholders (and Mr. Wang Dong and Mrs. Han Huy Ling in respect of TUG NY)
shall sell, transfer, assign and deliver to Purchaser, and Purchaser shall
purchase, for the consideration hereinafter provided, the Shares, free and clear
of all mortgages, liens, pledges, security interests, claims and encumbrances of
any nature.

      1.4 CONSIDERATION FOR CLARE STOCK. The aggregate consideration
(hereinafter referred to as the "Clare Purchase Price") to be paid by Purchaser
to the Selling Shareholders for the Clare Stock to be transferred hereunder as
of the Closing is One Hundred Thousand United States Dollars (US $100,000). The
Selling Shareholders can declare a dividend up to a maximum of Three Hundred
Thousand Dollars (US $300,000) prior to the Closing. Additionally, ninety (90)
days after Closing the Purchaser will refund back to the Seller up to Three
Hundred Thousand Dollars (US$300,000) in working capital attributable to Clare
prior to Closing, or a mutually agreed upon amount. These payments are subject
to verification as per the Post-Closing Audit set out in Section 2.2. These
payments are subject to Clare not having a retained deficit after such dividend
or working capital is paid.

      1.5 PAYMENT OF THE CLARE PURCHASE PRICE. At the Closing, Purchaser shall
pay to each of the Selling Shareholders in immediately available funds the Clare
Purchase Price in accordance with the instructions provided by the Selling
Shareholders.

      1.6 CONSIDERATION AND PAYMENT FOR TUG NY STOCK. The Selling Shareholders,
Mr. Wang Dong and Mrs. Han Huy Ling shall receive One Thousand (1,000) shares of
the TUG Restricted Stock (as defined below), such shares subject to the TUG
Lockup Agreement and Voting Agreement, and Three Hundred Eighty-Two Thousand
Five Hundred Dollars (US $382,500) (the "TUG NY Earn-Out Payment") per annum,
for four years, paid on an earn-out basis due and payable upon TUG NY achieving
a minimum EBIT target (the "Minimum EBIT Target") of Five Hundred Thousand
Dollars (US $500,000) per twelve (12) month period, to be distributed to the
parties in accordance with Schedule 2.3 attached hereto. The TUG NY Earn-Out
Payment would be paid upon the achievement of the Minimum EBIT Target for each
of: the first full twelve (12) months following the Closing ("Year 1"), the
first full twelve (12) months following the first (1st) anniversary of the
Closing ("Year 2"), the first full twelve (12) months following the second (2nd)
anniversary of the Closing ("Year 3"), and the first full twelve (12) months
following the third (3rd) anniversary of the Closing ("Year 4"). The TUG NY
Earn-Out Payment will be paid forty-five (45) days after each of Year 1, Year 2,
Year 3 and Year 4 subject to the availability of sufficient cash and to the
extent permitted under the Credit Agreement, and would be reduced
dollar-for-dollar should TUG NY fall below the Minimum EBIT Target. For purposes
of awarding the Year 1 TUG NY Earn-Out Payment, should the actual TUG NY EBIT in
Year 1 be less than Five Hundred Thousand Dollars (US $500,000) then the average
actual TUG NY EBIT for Year 1 and

<PAGE>

Year 2 will be used to recalculate Year 1, only. The Selling Shareholders can
redeem the initial capital contribution and retained earnings of up to Three
Hundred Fifty Thousand Dollars (US $350,000) prior to Closing, subject to
verification as per the Post-Closing Audit set out in Section 2.2. The TUG NY
Earn-Out Payment shall be pro-rated for 2006 and be calculated in a calendar
year commencing on January 1, 2007.

                                   ARTICLE II

                         PURCHASED ASSETS PURCHASE PRICE

      2.1 PURCHASED ASSETS PURCHASE PRICE:

      (a) Price: The aggregate cash purchase price for the Purchased Assets will
be up to a maximum of Eight Million Three Hundred Thousand United States Dollars
(US$8,300,000), plus certain incentive payments, if applicable, pursuant to
paragraph 2.1(b)(ii). Of this amount, the Selling Shareholders would be paid in
the aggregate of Three Million Nine Hundred Thousand United States Dollars
(US$3,900,000) in cash at closing ("Initial Consideration"). In addition, the
Selling Shareholders will receive, upon the completion of a reverse stock split
of the Company that will effectuate approximately one month after the Closing
Date, Five Hundred Forty-Nine Thousand (549,000) shares of Common Stock of the
Company (the "TUG Restricted Stock"). The TUG Restricted Stock shall be
restricted stock subject to the prohibitions of selling by the Selling
Shareholders in accordance with the terms set forth in the TUG Lockup Agreement
and the Voting Agreement. The Selling Shareholders would be entitled to receive
additional cash amounts in earn-out payments payable in accordance with
paragraph (b), below, which will not exceed Four Million Four Hundred Thousand
Dollars (US$4,400,000) in cash (the "Earn-Out Payment"), plus certain incentive
payouts, if applicable, pursuant to paragraph 2.1(b)(ii). The Company will
reserve Fifty Thousand (50,000) shares of the Common Stock of the Company to be
distributed to the employees of the Seller in accordance with the Company's
employee stock ownership plan. The Company will further reserve Fifty Thousand
(50,000) shares of Common Stock to be distributed to the Selling Shareholders
under the Company's incentive stock plan.

      (b) Earn-Out Payment: The Purchaser will pay the Selling Shareholders an
Earn-Out Payment of up to Four Million Four Hundred Thousand Dollars
($4,400,000), to be structured in the form of additional purchase price to be
paid upon the achievement of specific Earnings Before Interest and Taxes (EBIT)
targets of the Purchaser (including the subsidiaries of the Purchaser for
purposes of this paragraph (b) for the first full twelve (12) months following
the Closing ("Year 1"), for the first full twelve (12) months following the
first (1st) anniversary of the Closing ("Year 2"), for the first full twelve
(12) months following the second (2nd) anniversary of the Closing ("Year 3"),
and for the first full twelve (12) months following the third (3rd) anniversary
of the Closing ("Year 4"). The Earn-Out payments (referred to below as "USA
Amount") would be paid forty-five (45) days after the end of each of Year 1,
Year 2, Year 3, and Year 4 (each period referred to as a "Year"), subject to the
availability of sufficient cash flow and

<PAGE>

subject to the terms of the Credit Agreement. The Purchaser will charge the
Sellers a management fee of $100,000 per year subject to an increase of ten
percent (10%) per year. If the Earn-Out Payment is payable but not paid within
the period of forty-five (45) days after each Year end, as applicable, it would
be paid subsequently, subject to the availability of sufficient cash flow and
subject to the terms of the Credit Agreement, in full with accrued interest at
an agreed money market rate. The maximum amount of Earn-Out Payment payable with
respect to each such Year will be as follows:

                              USA            USA INCENTIVE            USA
            YEAR          EBIT TARGET            TARGET              AMOUNT
            ----          -----------            ------              ------

            Year 1         $2,200,000         $2,650,000          $1,100,000
            Year 2         $2,420,000         $2,900,000          $1,100,000
            Year 3         $2,660,000         $3,200,000          $1,100,000
            Year 4         $2,930,000         $3,500,000          $1,100,000
            Year 5(1)      $3,220,000         not applicable      not applicable

            i. EARN-OUT GOALS & STRUCTURE. The EBIT targets for Year 1, Year 2,
      Year 3, and Year 4 will be considered achieved if the actual Purchaser
      EBIT is equal to or greater than the EBIT Target. If the actual Purchaser
      EBIT is less than the EBIT Target the Earn Out Payment would be reduced
      dollar for dollar with the short-fall in meeting the EBIT Target for any
      "Year". Additionally, if the actual Purchaser EBIT is less than ten (10%)
      percent of the EBIT Target, than no Earn-Out Payment will be awarded in
      any given "Year". Furthermore, if in the immediate preceding or subsequent
      year the EBIT Target is exceeded such excess will be credited to the
      immediate preceding or subsequent year in which no Earn-Out Payment was
      awarded until the EBIT Target for that Year is achieved. The actual
      Purchaser EBIT will exclude any income earned that was not directly
      derived from the acquired Purchased Assets or Clare. The Earn-Out Payment
      shall be pro-rated for 2006 and be calculated on a calendar year
      commencing January 1, 2007.

            ii. EARN-OUT INCENTIVE BONUS. In any given year, for four years from
      the Closing Date, if the actual Purchaser EBIT should equal or exceed the
      Incentive Target, than the Selling Shareholders will be awarded ten
      percent (10%) of the actual Purchaser EBIT achieved, subject to the
      availability of sufficient cash flow and subject to the terms of the
      Credit Agreement; however, the actual Purchaser EBIT would exclude any
      income earned that was not directly derived from the acquired Purchased
      Assets or Clare.

----------
(1)   For look back purposes only.

<PAGE>

      (c) Purchaser shall provide the necessary working capital to operate the
Logistics Business, Clare and TUG NY. Sellers shall provide up to One Hundred
Thousand ($100,000) in the form of cash deposits for leases and licenses, which
shall be deducted from the Initial Consideration and applied as the Selling
Shareholders' contribution to the "Adjusted Working Capital" required for the
operations of the Purchaser. Should the Purchaser no longer require those
deposits, the Sellers can redeem them.

      "Adjusted Working Capital" includes the excess of

            (A) TUG's Total Current Assets minus cash and cash equivalents, over

            (B) Its Total Current Liabilities minus any indebtedness for
      borrowed money and capital lease obligations (whether or not otherwise
      included in Total Current Liabilities), on

            (C) The Cut-Off Date.

            "Total Current Assets" and "Total Current Liabilities" will be
      calculated in each case in accordance with US GAAP and on a basis
      consistent with that used in the preparation of Tug's financial
      statements. The "Cut-Off Date" is the Closing Date. The determinant for
      whether any revenue or expense occurs before or after the Cut-Off Date
      will be the bill of lading date for ocean and air shipments, and with the
      appropriate U.S. GAAP accounting principle of matching a date for all
      other revenue and expense items.

      2.2 POST-CLOSING AUDIT. Within 90 days following the Closing Date, Sellers
(and Clare and TUG NY) with the cooperation of Purchaser shall prepare, or cause
to be prepared, and deliver to Purchaser the Closing Balance Sheet (as defined
below) and a statement (the "Closing Working Capital Statement") which shall set
forth the Net Adjusted Working Capital related to the Logistics Business (and
Clare and TUG NY) as of the Closing Date (the "Closing Working Capital"). The
Closing Working Capital Statement shall be prepared on the basis of a balance
sheet of the Sellers, Clare and TUG NY as of the Closing Date audited by
Friedman LLP ("Friedman") (the "Closing Balance Sheet"). The amounts so computed
shall be used to determine the final amount of the Net Adjusted Working Capital
related to the Logistics Business (and Clare and TUG NY) (the "Post-Closing
Audit") as at the Closing date.

      2.3 DISBURSEMENT OF PURCHASE PRICE. The parties hereto agree that the
Clare Purchase Price, TUG NY Earn-Out Payment, Initial Consideration, Earn-Out
Payment, Incentive Payments and TUG Restricted Stock shall be disbursed as
specified in SCHEDULE 2.3 attached hereto and made a part hereof and to the bank
accounts set forth on Exhibit C hereto.

      2.4 DETERMINATION OF INVENTORY, LEASES AND CERTAIN ASSETS. The quantity
and valuation of the Inventory, Leases and assets of the Sellers shall be
determined as

<PAGE>

follows: (a) the quantity and value of the Inventory, Leases and assets of the
Sellers, shall be determined by a physical inventory taken within 10 days of the
date hereof by Friedman LLP on behalf of the Purchaser; the Sellers shall
furnish on SCHEDULE 2.4 the following information relating to trailers,
forklifts and computer equipment: (i) the inventory, asset or lease; (ii) the
location of the item (it being understood that trailers may at any time be in
transit or located at a different location); and (iii) the age of the item or
year acquired. Such physical inventory shall be conducted by the Purchaser's
representative at the Purchaser's expense jointly with the Sellers'
representative at the Sellers' expense as of the date hereof and at the Closing
Date; (b) any disagreement regarding the quantity and/or value of the Inventory,
Leases and assets of the Sellers shall be resolved by Friedman LLP.

      2.5 ALLOCATION OF PURCHASE PRICE. The Purchaser and the Sellers agree: (i)
to allocate the Purchase Price as provided in SCHEDULE 2.5, subject to
modifications approved by the Purchaser which shall be submitted to the
Purchaser on the Closing Date; and (ii) neither the Sellers nor the Purchaser
shall take any position with the taxing authority inconsistent with such
allocation, including with respect to the reporting requirements of IRS Form
1060. Each of the Sellers and the Purchaser shall file all tax returns (federal,
state and local, as applicable), in accordance with such allocation as approved
by the Purchaser.

                                   ARTICLE III

           ASSUMPTION OF LIABILITIES AND OBLIGATIONS BY THE PURCHASER

      3.1 ASSUMED LIABILITIES. Subject to the Post Closing Audit, the Purchaser,
in addition to the consideration to be paid pursuant to Section 2 hereof, shall
assume solely in respect to the Logistics Business at the Closing and shall
subsequently pay and honor in accordance with and subject to the terms and
conditions of the relevant governing agreements, instruments and law:

      (a) all liabilities and obligations that arise out of the use and
operation of the Purchased Assets or the Logistics Business after the Closing
Date;

      (b) any and all liabilities and obligations of the Sellers as disclosed by
the Sellers to the Purchaser which exist on the Closing Date, arising out of (i)
all Contracts and (ii) equipment leases heretofore capitalized by the Sellers,
leases and Contracts for the purchase of goods and services or for the rendering
of services;

      (c) all liabilities and obligations which arise and/or become due in
connection with Contracts entered into or relating to performance made or acts
committed after the Closing Date;

      (d) any and all liabilities, losses and damages and alleged liabilities,
losses and damages arising out of or resulting from any accident or occurrence
occurring after the Closing Date resulting in personal injury, sickness, death,
property damage, property

<PAGE>

destruction or loss of use of property arising out of or resulting from the
operation of the business purchased hereunder including, without limitation, the
performance of any Contract or the ownership, operation or use of equipment in
connection with the Logistics Business;

      (e) all liabilities and obligations of the Sellers as lessee under the
Real Property Leases arising from the conduct of the Logistics Business on or
after the Closing Date, excluding any commissions or fees;

      (f) all accounts payable and accrued expenses of the Logistics Business
("Accounts Payable") provided, however, the Purchaser shall only assume
reasonable Accounts Payable related to: (1) inter-company accounts or Affiliated
Transactions for services rendered in the ordinary course of business falling
within 30 days prior to the Closing Date, as such Accounts Payable are set forth
in: (i) SCHEDULE 3.1(H) attached hereto and made a part hereof reflecting such
accounts payable on the date of this agreement; (ii) an amended SCHEDULE 3.1(H)
to be delivered to the Purchaser on the Closing Date reflecting such accounts
payable as of such date; and (iii) an amended SCHEDULE 3.1(H) to be delivered to
the Purchaser thirty (30) days after the Closing Date reflecting such accounts
payable as of the Closing Date; and

      (g) all group health and dental plans sponsored by the Sellers which cover
the Sellers' employees (excluding contractors, leased employees or temporary
employees, employees of retained businesses and certain key employees ("Excluded
Employees")) in each case as listed on SCHEDULE 3.1(I) (the "Assumed Plans").

      3.2 EXCLUDED LIABILITIES. Notwithstanding any implication to the contrary
contained in Section 3.1 hereof, the Purchaser shall not assume or pay any of
the following debts, liabilities or obligations:

      (a) any liability or obligation of the Sellers or Selling Shareholders in
respect of any amount of federal, state, local or foreign taxes (including
interest, penalties and additions to such taxes) which are imposed or measured
by the income of the Sellers, in each case for any period or periods prior to
the Closing Date, including franchise taxes of the Sellers;

      (b) any liability or obligation of the Sellers or Selling Shareholders
under this Agreement or any of the transactions contemplated hereby;

      (c) any liability and obligation of the Sellers under or with respect to
any transactions not in the ordinary course of the business of the Logistics
Business prior to the Closing Date unless otherwise agreed in writing by the
Purchaser and the Sellers;

      (d) any tax (including, without limitation, any federal, state or local
income, franchise, sales, transfer, recording, documentary or other tax) imposed
upon, or incurred by, the Sellers or Selling Shareholders in connection with or
related to this Agreement or the transactions contemplated hereby, or by reason
of its receipt of any of the

<PAGE>

consideration provided for herein for the sale and transfer of the Purchased
Assets and the Logistics Business;

      (e) any liability or obligation of the Sellers or the Selling Shareholders
for unpaid sales, use, social security, unemployment withholding, real estate,
property and income taxes relating to the Purchased Assets in respect of any
period prior to the Closing Date;

      (f) unless otherwise agreed to in writing, any obligations of the Sellers
or the Selling Shareholders to third parties other than the Purchaser arising
out of the failure of the Sellers or the Selling Shareholders to obtain any
necessary consents to the assignment to the Purchaser of contracts or leases to
which the Sellers or the Selling Shareholders are a party (including, but not
limited to, damages asserted by third parties for breach of such contracts due
to the failure to obtain such consents);

      (g) any liability or obligation of the Sellers or the Selling Shareholders
under any credit facilities and any related guaranty of the Selling
Shareholders;

      (h) any liability and obligation of the Sellers or the Selling
Shareholders under the letters of credit with any lender and any related
guaranty of the Selling Shareholders;

      (i) any liability and obligation of the Sellers or the Selling
Shareholders under the letters of credit relating to insurance maintained by the
Sellers;

      (j) any liabilities or claims of the Sellers' employees (or former
employees) for (i) bonuses (except for the fourth quarter 2006 bonuses equal to
fifteen percent (15 %) of EBIT, not to exceed Seventy-Five Thousand United
States Dollars (US$75,000).); (ii) severance pay; (iii) vacation time and
over-time payments; (iv) pay in lieu of vacation; (v) workers compensation; (vi)
sickness, accident or death benefits; (vii) leaves of absence, or (viii) any
benefits relating to employment of any kind or description; and (viii) payments
or benefits brought pursuant to, or arising under, any employee benefit plan or
policy, whether or not such plan or policy is scheduled on SCHEDULE 5.11 and
whether or not such plan or policy is described in Section 3(3) of ERISA, which
have accrued as of the Closing Date including, but not limited to, any
obligations arising out of any final resolution whether by judgment, settlement
or otherwise, of any of the foregoing settlements arising out of any of the
foregoing types of claims the Sellers are currently negotiating;

      (k) any claim (including any auto liability claim), obligation, liability,
right of action, fine or penalty which may be asserted or imposed by any party
at any time arising from or in anyway relating to any act or omission which
occurred or commenced prior to the Closing Date, including but not limited to
any violations of or any remediation obligation under any law, federal, state or
local or any violation of or obligation under any lease provision relating to
the environment or the protection thereof relating to any act or omission which
occurred or commenced prior to the Closing Date.

<PAGE>

      (l) any other liability or obligation of any kind or nature whether now in
existence or arising hereafter not expressly assumed by the Purchaser under
Section 3.1 hereof;

      (m) any liability or obligation arising under any affiliate transactions
or similar transactions;

      (n) any liability or obligation arising under the agreements with leased
or temporary employees and any liability for unpaid wages;

      (o) any liability or obligation arising under for any litigation;

      (p) any liability or obligation of the Sellers.

                                   ARTICLE IV

                                   THE CLOSING

      The closing ("Closing") of the sale and purchase of the Purchased Assets
and the purchase of the Shares shall take place at the offices of Brown Rudnick
Berlack Israels LLP, 7 Times Square, New York, New York 10036 on September __,
2006 at 10:00 a.m., or on such other date (the "Closing Date") or location as
the Sellers and the Purchaser shall mutually agree in accordance with this
Agreement. The Closing shall be effective as of the opening of business on the
Closing Date.

                                    ARTICLE V

                         REPRESENTATIONS AND WARRANTIES
                     OF THE SELLERS AND SELLING SHAREHOLDER

      Each of Sellers and each of the Selling Shareholders, severally and not
jointly, represent and warrant to Purchaser in respect of Sellers that:

      5.1 CORPORATE ORGANIZATION AND QUALIFICATION. Each of the Sellers is a
corporation duly organized, validly existing and in good standing under the laws
of the jurisdiction of its incorporation and is qualified and in good standing
as a foreign corporation in each jurisdiction where the properties owned, leased
or operated, or the business conducted by it, require such qualification, except
where failure to so qualify or be in good standing would not have a Material
Adverse Effect (as defined below). Sellers and its subsidiaries (each of the
Sellers and its subsidiaries referred to herein separately or collectively as
the context requires as, "Sellers") have all requisite power and authority
(corporate or otherwise) to own, lease and operate their properties and to carry
on their business as it is now being conducted. Sellers do not have any
subsidiaries or any other interest, direct or indirect, through stock ownership
or otherwise, in any corporations or business enterprise except as set forth in
SCHEDULE 5.1. "Material Adverse Effect" means any adverse change in the
properties, assets, operations, condition (financial or

<PAGE>

otherwise), business, results of operations or prospects of Sellers, taken as a
whole, which is material to Sellers or on the transaction contemplated hereby;
provided, however, that the following shall not be considered a "Material
Adverse Effect": (i) changes, events, violations, inaccuracies, circumstances
and effects that are caused by conditions affecting the United States economy as
a whole or affecting the industry in which Sellers compete as a whole, which
conditions do not affect each of the Sellers in a disproportionate manner, or
(ii) a change that results from the taking of any action required by this
Agreement or the agreements and actions contemplated herein.

      5.2 CAPITALIZATION. The authorized capital stock of each of the Sellers
are set forth in SCHEDULE 5.2 and all of the issued and outstanding capital
stock, and the record holders, of each of the Sellers are set forth in SCHEDULE
5.2. All of the outstanding capital stock of Sellers have been duly authorized,
validly issued and are fully paid and nonassessable. Except as set forth in
SCHEDULE 5.2, (i) none of Sellers' equity interests or capital stock, as
applicable is subject to preemptive rights or any other similar rights or any
liens or encumbrances suffered or permitted by Sellers; (ii) there are no
outstanding options, warrants, scrip, rights to subscribe to, calls or
commitments of any character whatsoever relating to, or securities or rights
convertible into, or exercisable or exchangeable for, any equity interests or
capital stock of Sellers, or contracts, commitments, understandings or
arrangements by which Sellers are or may become bound to issue additional equity
interests or capital stock of Sellers or options, warrants, scrip, rights to
subscribe to, calls or commitments of any character whatsoever relating to, or
securities or rights convertible into, or exercisable or exchangeable for, any
capital stock of Sellers; (iii) there are no outstanding debt securities, notes,
credit agreements, credit facilities or other agreements, documents or
instruments evidencing Indebtedness of Sellers or by which Sellers are or may
become bound; (iv) there are no financing statements securing obligations in any
material amounts, either singly or in the aggregate, filed in connection with
Sellers; (v) there are no agreements or arrangements under which Sellers are
obligated to register the sale of any of their securities under the 1933 Act
(except pursuant to the registration rights agreements contemplated hereby);
(vi) there are no outstanding securities or instruments of Sellers which contain
any redemption or similar provisions, and there are no contracts, commitments,
understandings or arrangements by which Sellers are or may become bound to
redeem a security of Sellers; (vii) there are no securities or instruments
containing anti-dilution or similar provisions; (viii) Sellers do not have any
stock appreciation rights or "phantom stock" plans or agreements or any similar
plan or agreement; and (ix) no securities of Sellers are listed or quoted on any
stock exchange or automated quotation system. All of Sellers' outstanding
options and warrants shall be cancelled at Closing. Sellers have furnished to
the Purchaser true, correct and complete copies of all organizational documents
of Sellers and all agreements relating to Sellers securities and equity
interests and the material rights of the holders thereof in respect thereto.

      5.3 AUTHORITY RELATIVE TO THIS AGREEMENT. Each of the Sellers have the
requisite corporate power and authority to approve, authorize, execute and
deliver this Agreement and to consummate the transactions contemplated hereby.
This Agreement and the consummation of the transaction contemplated hereby have
been duly and validly

<PAGE>

authorized by the board of directors of each of the Sellers and no other
corporate proceedings on the part of Sellers are necessary to authorize this
Agreement or to consummate the transactions contemplated hereby. This Agreement
has been duly and validly executed and delivered by Sellers and constitutes the
valid and binding agreement of Sellers, enforceable against each of the Sellers
in accordance with its terms, subject, as to enforceability, to bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance and other laws of
general applicability relating to or affecting creditors' rights and to general
principles of equity.

      5.4 CONSENTS AND APPROVALS; NO VIOLATION. Except as set forth in SCHEDULE
5.4, neither the execution and delivery of this Agreement nor the consummation
by Sellers of the transactions contemplated hereby will (i) conflict with or
result in any breach of any provision of its constitutional documents; (ii)
require any consent, approval, authorization or permit of, or registration,
declaration or filing with or notification to, any governmental authority,
except such consents, approvals, authorizations, permits, filings or
notifications where the failure to obtain such consent, approval, authorization
or permit, or to make such filing or notification, could not in the aggregate
reasonably be expected to have a Material Adverse Effect or adversely affect the
ability of Sellers to consummate the transactions contemplated hereby; (iii)
result in a violation or breach of, or constitute (with or without notice or
lapse of time or both) a default (or give rise to any right of termination,
cancellation or acceleration or lien or other charge or encumbrance) under, any
of the terms, conditions or provisions of any material note, license, agreement
or other instrument or obligation to which Sellers or any of its assets may be
bound, which would in the aggregate reasonably be expected to have a Material
Adverse Effect, except for such violations, breaches and defaults (or rights of
termination, cancellation or acceleration or lien or other charge or
encumbrance) as to which requisite waivers or consents have been obtained; or
(iv) violate any order, writ, injunction, decree, statute, rule or regulation
applicable to Sellers or its assets, except for violations which could not in
the aggregate reasonably be expected to have a Material Adverse Effect or
adversely affect the ability of Sellers to consummate the transactions
contemplated hereby.

      5.5 LITIGATION. There are no civil, criminal or administrative actions,
suits, demands, claims, hearings, notices of violation, investigations, demand
letters or proceedings pending or, to the knowledge of Sellers by Shareholders
and the Sellers, after reasonable inquiry (collectively, "Sellers' Knowledge"),
threatened against or affecting Sellers or any of its officers or directors
which could reasonably be expected to have a Material Adverse Effect other than
those set forth in SCHEDULE 5.5, including any detention or demurrage invoices
or obligations owning to ocean carriers or any other contractor prior to the
Closing.

      5.6 FINANCIAL STATEMENTS. SCHEDULE 5.6, sets forth for Sellers (including
Clare and TUG NY) the audited consolidated balance sheet at December 31, 2005
and unaudited consolidated balance sheet at June 30, 2006, respectively, the
related statement of operations and retained earnings, statement of
stockholder's equity, statement of cash flows and statement of comprehensive
income for the two years and the six months then

<PAGE>

ended, respectively, each prepared in accordance with U.S. GAAP, together with
related notes and the audit report on each of such statements for such year
periods issued by Friedman LLP, Sellers' certified public accountants and the
review reports for such six month periods issued by Friedman LLP. The books and
records of Sellers have been maintained in accordance with applicable legal and
accounting requirements and good business practices, reflect only valid
transaction, are complete and correct in all material respects and accurately
reflect, in all material respects, the basis for the financial position, results
of operations and operating cash flow of Sellers set forth in the financial
statements. The internal accounting records maintained by Sellers for
determining monies owed by customers and to suppliers accurately reflect and are
consistent with Sellers' communications and transactions with such entities.
Since December 31, 2005, there has been no change in accounting methods made by
Sellers.

      5.7 ABSENCE OF CERTAIN CHANGES OR EVENTS. Except as disclosed in SCHEDULE
5.7, since December 31, 2005 the business of Sellers have been carried on only
in the ordinary and usual course and there has not been any material adverse
change in its business, properties, operations or financial condition, taken as
a whole, and no event has occurred and no fact or set of circumstances has
arisen which has resulted in or could reasonably be expected to result in a
Material Adverse Effect. Except for liabilities and obligations incurred in the
ordinary course of business and consistent with past practice, liabilities and
obligations reflected on or reserved against in the balance sheet and as
otherwise disclosed in SCHEDULE 5.7, since December 31, 2005, none of Sellers
has incurred any liabilities or obligations that would be required to be
reflected or reserved against in a balance sheet of Sellers prepared in
accordance with the principles used to prepare the audited balance sheet. Since
June 30, 2006, there has been no change or development in the business,
properties, operations, condition (financial or otherwise), or results of
operations or prospects of Sellers that has had or could reasonably be expected
to have a Material Adverse Effect. Since June 30, 2006, Sellers have not (i)
declared or paid any dividends, (ii) sold any assets, individually or in the
aggregate, in excess of $100,000 outside of the ordinary course of business,
(iii) had capital expenditures, individually or in the aggregate, in excess of
$100,000 or (iv) waived any material rights in respect of any Indebtedness or
other rights in excess of $100,000 owed to it. Sellers have not taken any steps
to seek protection pursuant to any bankruptcy law, to the Sellers' Knowledge
none of its creditors intend to initiate involuntary bankruptcy proceedings and
to the Selling Shareholder's Knowledge there is no fact which would reasonably
lead a creditor to do so.

      5.8 EMPLOYMENT AGREEMENTS. Except as set forth in SCHEDULE 5.8 hereto,
Sellers are not a party to any employment, consulting, bonus, non-competition,
severance, golden parachute, indemnification agreement or any other agreement
providing for payments or benefits or the acceleration of payments or benefits
upon the consummation of the transactions contemplated hereby (including,
without limitation, any contract to which Sellers or any of the Sellers are a
party involving employees of Sellers).

      5.9 BROKERS AND FINDERS. Except as set forth in SCHEDULE 5.9, Sellers have
not

<PAGE>

employed any investment banker, broker, finder, consultant or intermediary in
connection with the transactions contemplated by this Agreement which would be
entitled to any investment banking, brokerage, finder's or similar fee or
commission in connection with this Agreement or the transactions contemplated
hereby.

      5.10 TAXES. Sellers have (x) filed all returns, declarations, reports,
information returns and statements of whatsoever kind ("Tax Returns") in respect
of all federal, state, county, local, foreign and other Taxes (as defined below)
that it is required to file, and all such Tax Returns are true, complete and
accurate in all material respects and (y) paid or provided for the payment of
all Taxes due with respect to such Tax Returns and all Taxes, if any, required
to be paid for which no return is required. Copies of all federal income Tax
Returns relating to Sellers' last five taxable years have been made available to
Purchaser for review. The most recent financial statements of Sellers reflect an
adequate reserve for all Taxes payable by Sellers for all taxable periods and
portions thereof through the date of such financial statements. There are no
material liens for Taxes with respect to any of the assets or properties of
Sellers. Except as otherwise set forth in SCHEDULE 5.10, Sellers have not been
audited by the Internal Revenue Service or any state, local or foreign taxing
jurisdiction and no agreements or consents extending the period during which any
Taxes may be assessed or collected are now in force. Except as set forth in
SCHEDULE 5.10, no material adjustments have been proposed by the Internal
Revenue Service or by, or with, any other taxing authority with respect to any
open tax years or tax returns. All material adjustments have been fully paid.
None of the Sellers (i) has been a member of an affiliated group filing a
consolidated federal income Tax Return (other than a group the common parent of
which was a Seller) or (ii) has any liability for the Taxes of any entity (other
than Sellers) under Treas. Reg. 1.1502-6 (or any similar provision of state,
local, or foreign law), as a transferee or successor, by contract, or otherwise.
Sellers will not be required to include any item of income in, or exclude any
item of deduction from, taxable income for any taxable period (or portion
thereof) ending after the Closing as a result of any: (i) change in method of
accounting for a taxable period ending on or prior to the Closing; (ii) "closing
agreement" as described in Section 7121 of the Code (or any corresponding or
similar provision of state, local or foreign income Tax law) executed on or
prior to the Closing; (iii) intercompany transactions or any excess loss account
described in Treasury Regulations under Section 1502 of the Code (or any
corresponding or similar provision of state, local or foreign income Tax law);
(iv) installment sale or open transaction disposition made on or prior to the
Closing; or (v) prepaid amount received on or prior to the Closing. Sellers have
not distributed stock of another entity, or has had its stock distributed by
another entity, in a transaction that was purported or intended to be governed
in whole or in part by Sections 355 or 361 of the Code. Sellers are not a party
to any agreement, contract, arrangement, or plan that has resulted or would
result, separately or in the aggregate, in the payment of any "excess parachute
payment" within the meaning of Section 280G of the Code (or any corresponding
provision of state, local, or foreign Tax law). For the purpose of this
Agreement, the term "Tax" (and, with correlative meaning, the terms "Taxes" and
"Taxable") shall include all federal, state, local and foreign income, profits,
franchise, gross receipts, payroll, sales, employment, use, property,
withholding, excise and other taxes, duties or assessments of any nature
whatsoever, together with all interest, penalties

<PAGE>

and additions imposed with respect to such amounts.

      5.11 EMPLOYEE BENEFITS.

      (a) SCHEDULE 5.11 contains (x) an accurate and complete list of all
Company Benefit Plans (as defined below) for current or former employees,
directors and officers of Sellers, (y) a complete list of all severance
arrangements together with the maximum cost related thereto and (z) a complete
list of all employee benefit plans (as defined in Section 3(3) of ERISA) subject
to Title IV of ERISA with respect to which Sellers assumed any obligations in
connection with any acquisition consummated within the period of up to five
years prior to the date hereof. Except as disclosed in SCHEDULE 5.11, each
Company Benefit Plan intended to qualify under Section 401 of the Code does so
qualify and the trust maintained pursuant thereto is exempt from federal income
taxation under Section 501 of the Code. To Sellers' Knowledge, nothing has
occurred with respect to the operation of such plans which could cause the loss
of such qualification or exemption or the imposition of any material liability,
penalty, or tax under ERISA or the Code.

      (b) True, complete and correct copies of the following documents with
respect to each Company Benefit Plan have been made available or delivered to
Purchaser by Sellers: (i) all plan documents, including any written agreements
relating to Company Benefit Plans, and any amendments thereto, (ii) the three
most recent Forms 5500 including all schedules and any financial statements
attached thereto, (iii) the most recently issued Internal Revenue Service
determination letter, (iv) all summary plan descriptions, summaries of material
modifications, and summary annual reports, (v) the two most recent required
actuarial reports, if any, including any such reports prepared for purposes of
FASB 87, 106 and 112, (vi) written descriptions of all material, non-written
agreements relating to Company Benefit Plans and (vii) copies of any insurance
contracts or trust agreements through which any Company Benefit Plan is funded,
any custodial or invested contract relating to assets or benefits under the
Company Benefit Plans and any contracts relating to recordkeeping or
administration for the Company Benefit Plans.

      (c) Company Benefit Plans have been operated and maintained, in all
material respects, in accordance with their terms and with all provisions of
ERISA and other applicable law. Sellers have not incurred any material liability
with respect to any non-exempt prohibited transaction within the meaning of
Section 4975 of the Code or Section 406 of ERISA.

      (d) There has been no "reportable event" as defined in Section 4043(c) of
ERISA with respect to any Company Benefit Plan subject to Title IV of ERISA
other than those events as to which the 30 day notice period is waived under
PBGC Regulations Sections 4045.21 through 4045.35.

      (e) Sellers do not maintain "welfare benefit plans" within the meaning of
Section 3(1) of ERISA which provide for continuing benefits or coverage for any
participant, retiree, former employee or their beneficiaries after such person's
termination of employment where such participant was an employee of Sellers,
other than as required

<PAGE>

by Section 4980B of the Code and Part 6 of Title I of ERISA and at the sole
expense of the participant or beneficiary.

      (f) Neither the execution and delivery of this Agreement nor the
consummation of the transactions contemplated hereby will (i) result in any
payment (including, without limitation, bonus or other compensation severance,
unemployment compensation, golden parachute or otherwise) becoming due to any
employee of Sellers under any Company Benefit Plan or otherwise, (ii) increase
any benefits otherwise payable under any Company Benefit Plan, or (iii) result
in the acceleration of the time of payment or vesting of any such benefits.

      (g) In connection with the transactions contemplated by this Agreement, no
payments have been or will be made to any current or former employee, officer or
director of Sellers which would be nondeductible under Section 280G of the Code.

      (h) No compensation payable by Sellers to any of its past or present
employees or officers is subject to disallowance under Section 162(m) of the
Code.

      (i) Except where failure to comply would not reasonably be expected to
have a Material Adverse Effect, Sellers are and have been in compliance with all
applicable laws of the United States, or of any state or local government or any
subdivision thereof or of any foreign government respecting each Company Benefit
Plan, including, without limitation, ERISA, the Code, and any laws respecting
employee benefits, disability benefits, severance payments and COBRA.

      (j) There are no agreements or commitments of Sellers or an ERISA
Affiliate, whether or not legally binding, to create any Company Benefit Plan
not listed on SCHEDULE 5.11.

      (k) No Company Benefit Plan is currently under audit or investigation by
any governmental agency or body and there are no actions, suits or claims
pending or threatened against any Company Benefit Plans.

      (l) For the purposes of this Section 5.11: (i) the term "Company Benefit
Plan" shall include all employee benefit plans (as defined in Section 3(3) of
ERISA), multiemployer plans within the meaning of Sections 3(37) or 4001(a)(3)
of ERISA, and all other employee benefit arrangements, policies or payroll
practices, including, without limitation, compensation severance pay, sick
leave, vacation pay, salary continuation for disability, scholarship programs,
stock option, stock bonus, stock appreciation, stock purchase, phantom stock or
restricted stock plans maintained by Sellers or any ERISA Affiliate of Sellers
(whether formal or informal, whether for the benefit of a single individual or
for more than one individual and whether for the benefit of current or former
employees or their beneficiaries) on behalf of Sellers or any of the employees
of Sellers or to which or under which or pursuant to which Sellers or any ERISA
Affiliate of Sellers have contributed or is obligated to make contributions on
behalf of Sellers or any present or former employees of Sellers or non-employee
directors of or consultants to Sellers or pursuant to which Sellers or any ERISA
Affiliate may incur any liability; (ii)

<PAGE>

the term "ERISA" shall refer to the Employee Retirement Income Security Act of
1974, as amended; and (iii) the term "ERISA Affiliate" shall refer to any trade
or business (whether or not incorporated) under common control or treated as a
single employer with Sellers within the meaning of Section 414 (b), (c), (m) or
(o) of the Code.

      5.12 INTANGIBLE PROPERTY.

      (a) SCHEDULE 5.12 sets forth, with respect to each material Proprietary
Asset (as defined below) owned by or licensed to Sellers or otherwise used by
Sellers and identifies the license agreement under which such Proprietary Asset
is being licensed to Sellers. Except for Permitted Liens (as defined in SCHEDULE
5.12) and as set forth in SCHEDULE 5.12, Sellers have good, valid and marketable
title to all of Proprietary Assets free and clear of all liens and other
encumbrances, and has a valid right to use all Proprietary Assets. The term
"Proprietary Asset" means any: trademark (whether registered or unregistered),
trademark application, trade name, fictitious business name, service mark
(whether registered or unregistered), service mark application, copyright
(whether registered or unregistered), copyright application, patents, patent
rights, original works of authorship, inventions, licenses, approvals,
governmental authorizations, trade secrets, other intellectual property rights,
customer list, franchise, or intangible asset, together with all goodwill
related to the foregoing. None of Sellers' registered, or applied for,
Proprietary Assets have expired or terminated or have been abandoned, or are
expected to expire or terminate or expected to be abandoned, within three years
from the date of the Closing. Sellers do not have any knowledge of any
infringement by Sellers, of Proprietary Assets of others. There is no claim,
action or proceeding being made or brought, or to its knowledge, being
threatened, against Sellers regarding its Proprietary Assets. Sellers are
unaware of any facts or circumstances which might give rise to any of the
foregoing infringements or claims, actions or proceedings. Sellers have taken
reasonable security measures to protect the secrecy, confidentiality and value
of all of its Proprietary Assets.

      5.13 PERSONAL PROPERTY. Except for Permitted Liens and as shown in
SCHEDULE 5.13, when transferred and paid for as provided herein, Purchaser will
receive good title, free and clear of all title defects, security interests,
pledges, options, claims or liens (including, without limitation, leases,
chattel mortgages, conditional sale contracts, collateral security arrangements
and OTHER title or interest retaining agreements) to all Personal Property
listed or described in Section I hereof as owned by any of Sellers, but
excluding any such liens or encumbrances which will not materially affect the
value of such property or interfere with the use of such property in the conduct
of the Sellers' business.

      5.14 INSURANCE. SCHEDULE 5.14 sets forth a complete and correct list of
all bonds, workers compensation insurance (and workers compensation insurance)
and all contracts of insurance and indemnity of Sellers with respect to its
business in force at the date of this Agreement (including name of insurer or
indemnitor, agent, form of coverage and expiration date). All premiums and other
payments due from Sellers with respect to any such contracts of insurance or
indemnity have been paid, or will be paid within their

<PAGE>

terms by Sellers, and to Sellers' Knowledge no fact, act or failure to act has
caused or might cause any such contract to be cancelled or terminated prior to
the Closing. All notices have been given, all known claims have been presented
and all other required or appropriate action with respect to such contracts have
been taken by Sellers in a due and timely fashion. Sellers believes such
insurance insures it against such losses and risks and in such amounts as is
prudent and customary in the businesses in which it is engaged. Sellers have not
been refused any insurance coverage sought or applied for and Sellers have no
reason to believe that it will not be able to renew its existing insurance
coverage as and when such coverage expires or to obtain similar coverage from
similar insurers as may be necessary to continue its business at a cost that
would not have a Material Adverse Effect.

      5.15 INTERESTS IN REAL PROPERTY. SCHEDULE 5.15 sets forth a correct and
complete list and brief description of all real properties owned or leased by
Sellers. All leases in respect of such real property leased by Sellers are valid
and enforceable and no party to any such lease is in default thereunder,
respectively, and true and complete copies of such leases have previously been
delivered to Purchaser. All rent currently due and payable under the real
property leases has been paid. Except as shown in SCHEDULE 5.15, to Sellers'
Knowledge after due inquiry, all improvements and fixtures on real properties
owned or leased by Sellers conform in all material respects to applicable
health, fire, safety, pollution, zoning and building laws. Sellers have good,
indefeasible and marketable title to and beneficial ownership of its owned real
property.

      5.16 INTERESTS IN EQUIPMENT LEASES. SCHEDULE 5.16 includes a correct and
complete list and brief description of all property leased by Sellers,
identifying each piece of equipment with each lease. All leases are valid and
enforceable and no party to any such lease is in default thereunder,
respectively, and true and complete copies of such Leases have previously been
delivered to Purchaser. All payments currently due and payable under the Leases
have been paid.

      5.17 TRANSPORTATION CONTRACTS. SCHEDULE 5.17 sets forth a complete and
correct list of all material written transportation contracts (together, the
"Transportation Contracts") in effect on the date hereof and in respect of any
such contract which is not written, a description of the parties and the nature
of the contract. SCHEDULE 5.17 sets forth for each Transportation Contract for
fiscal year 2005 and the interim period from January 1, 2006 to June 30, 2006
(i) a list of the names of the customers of Sellers and (ii) the amount of gross
revenue attributable to each such customer for such periods. Except as set forth
in SCHEDULE 5.17, each Transportation Contract is valid, has not been
subsequently amended in any material respect, is in full force and effect,
Sellers have not assigned any rights thereto to any third party and no person
has asserted any adverse claim with respect to Sellers' rights under such
Transportation Contract. Except as set forth in SCHEDULE 5.17, there exists no
default by Sellers, or to Sellers' Knowledge, any other party with respect to
any of the Transportation Contracts, and no event has occurred that would
prevent Purchaser from obtaining the benefits under such Transportation
Contracts. Except as set forth in SCHEDULE 5.17, no customer that is a party to
such Transportation Contract has cancelled or, to Sellers' Knowledge, made a
credible threat

<PAGE>

of cancellation within the past six months of any Transportation Contract
involving amounts greater than $100,000.

      5.18 SUPPLIERS; OTHER CONTRACTS. SCHEDULE 5.18 sets forth the complete and
correct list of the names of any suppliers of transportation services to Sellers
with respect to which practical alternative sources of supply are, in the good
faith opinion of Sellers, not available on commercially reasonable terms and
conditions, together with a description of any existing contractual arrangements
for, and any pending discussions or negotiations relating to, continued supply
from such suppliers. SCHEDULE 5.18 sets forth the completed list of contracts to
which Sellers are a party, other than those set forth on any other Schedule,
which involve payments in excess of $100,000.

      5.19 COMPENSATION OF EMPLOYEES. SCHEDULE 5.19 contains a complete and
accurate list of all current directors, officers, employees and consultants of
Sellers on the date hereof, setting forth the current job title, aggregate
remuneration rate annually (bonus, commission and salary) and accrued but
untaken vacation and sick leave for each such individual. SCHEDULE 5.19 also
contains list and summary descriptions of all employment agreements which
Sellers have with any of its officers, employees and consultants, all of which
agreements are listed in SCHEDULE 5.19.

      5.20 EMPLOYEE RELATIONS. As of June, 2006, Sellers had an aggregate of 145
permanent employees, and Sellers generally enjoy a good employer employee
relationship with its employees. Sellers are not delinquent in payments to any
of its employees or consultants (including the lease or temporary employment
agreements) for any wages, salaries, commissions, bonuses or other direct
compensation for any services performed by them or for amounts required to be
reimbursed to such employees. Except as set forth in SCHEDULE 5.19, upon
termination of the employment of any of its employees, Sellers will not by
reason of anything done prior to the Closing, be liable to any of its employees
or consultants for severance pay or any other payments (other than accrued
salary, vacation or sick pay in accordance with Sellers normal policies). Except
as set forth in SCHEDULE 5.19, Sellers do not have any contracts of employment
with any employees or any legal responsibility for the employees of any other
entity, and all employees of Sellers are terminable by Sellers at will. No
executive officer of Sellers have notified Sellers that such officer intends to
leave Sellers or otherwise terminate such officer's employment with Sellers. No
executive officer of Sellers is, or is now expected to be, in violation of any
material term of any employment contract, confidentiality, disclosure or
proprietary information agreement, non-competition agreement, or any other
contract or agreement or any restrictive covenant, and the continued employment
of each such executive officer does not subject Sellers to any liability in
respect of any of the foregoing matters. Except where failure to comply would
not reasonably be expected to have a Material Adverse Effect, Sellers are and
have been in compliance with all applicable laws of the United States, or of any
state or local government or any subdivision thereof or of any foreign
government respecting EMPLOYMENT AND EMPLOYMENT PRACTICES, TERMS AND CONDITIONS
OF EMPLOYMENT AND WAGES AND HOURS, including, without limitation, THE
IMMIGRATION REFORM AND CONTROL ACT, THE WARN ACT, any laws respecting EMPLOYMENT
DISCRIMINATION, SEXUAL HARASSMENT, disability rights, EQUAL OPPORTUNITY, PLANT
CLOSURE ISSUES, AFFIRMATIVE ACTION, WORKERS'

<PAGE>

COMPENSATION, LABOR RELATIONS, EMPLOYEE LEAVE ISSUES, WAGE AND HOUR STANDARDS,
OCCUPATIONAL SAFETY AND HEALTH REQUIREMENTS AND UNEMPLOYMENT INSURANCE AND
RELATED MATTERS, AND IS NOT ENGAGED IN ANY UNFAIR LABOR PRACTICES.

      5.21 LABOR AGREEMENTS. There are no contracts with labor unions binding
upon Sellers, and since January 1, 2006 Sellers have not been requested to
recognize nor agreed to recognize any union or other collective bargaining unit
nor has any union or other collective bargaining unit been certified as
representing any employees of Sellers. To Sellers' Knowledge, (i) no
organization effort is currently being made or threatened by or on behalf of any
labor union with respect to employees of Sellers, (ii) there is no active or
current union organization activity involving the employees of Sellers, nor
(iii) has there ever been union representation involving employees of Sellers.

      5.22 COMMISSION ARRANGEMENTS. SCHEDULE 5.19 sets forth all commission
arrangements.

      5.23 BANK AND OTHER ACCOUNTS. SCHEDULE 5.23 sets forth a true and complete
list of all bank, savings, brokerage and other accounts of Sellers, including
the name of the depositary, the account number and the persons authorized to
make deposits and withdrawals or to effect transactions in such accounts.

      5.24 LETTERS OF CREDIT AND BONDS. Set forth in SCHEDULE 5.24 is a list of
all letters of credit and bonds outstanding on the date hereof which are the
obligations of Sellers together with their face amounts and a description as to
their character (e.g., standby, irrevocable, etc.).

      5.25 IMMIGRATION MATTERS. To Sellers' Knowledge, Sellers have complied in
all material respects with all relevant provisions of Section 274a of the
Immigration and Nationality Act, as amended (the "INA") and all applicable
immigration laws. Without limiting the foregoing, (a) to Sellers' Knowledge,
each U.S. "employee" (as that term is defined in the INA) of Sellers are
permitted to be so employed in the United States under the INA; (b) Sellers have
examined (and made copies of, if applicable) the documents presented by each
such employee to establish appropriate employment eligibility under the INA; (c)
Sellers have completed and required each U.S. employee hired on or since
November 11, 1986 to complete a Form I-9 verifying employment eligibility under
the INA; (d) Sellers have retained each such completed Form 1-9 for the length
of time required under the INA; and (e) no monetary penalties have been assessed
or threatened against Sellers for violation of Section 274a of the INA.

      5.26 UNLAWFUL PAYMENTS AND CONTRIBUTIONS. To Sellers' Knowledge, neither
Sellers nor any of its directors, officers, employees or agents has, with
respect to the business of Sellers (i) used any funds for any unlawful
contribution, endorsement, gift, entertainment or other unlawful expense
relating to political activity; (ii) made any direct

<PAGE>

or indirect unlawful payment to any foreign or domestic government official or
employee; (iii) violated or is in violation of any provision of the Foreign
Corrupt Practices Act of 1977, as amended; or (iv) made any bribe, rebate,
payoff, influence payment, kickback or other unlawful payment to any Person or
Entity.

      5.27 ENVIRONMENTAL MATTERS. Except as disclosed in SCHEDULE 5.27, (i)
Sellers and the operations thereof are in material compliance with all
Environmental Laws (as defined below) including, without limitation, all laws
pertaining to Hazardous Materials (as defined below); (ii) there are no judicial
or administrative actions, suits, proceedings or investigations pending or, to
Sellers' Knowledge, threatened against Sellers or alleging the violation of or
liability of Sellers under any Environmental Laws, and Sellers have not received
notice from any Governmental Body or other Person alleging any violation of or
liability under any Environmental Laws, in either case which could reasonably be
expected to result in material Environmental Costs and Liabilities (as defined
below); (iii) to Sellers' Knowledge, there are no facts, activities,
circumstances or conditions relating to, arising from, associated with, or
attributable to Sellers or any real property currently or previously owned,
operated or leased by Sellers that could reasonably be expected to result in
material Environmental Costs and Liabilities; and (iv) no notices to, or
authorizations from, any governmental authority pursuant to any Environmental
Laws are required in order to complete the Sale or as a result of having entered
this Agreement. For the purpose of this Agreement, the following terms have the
following definitions: (X) "Environmental Costs and Liabilities" means any
losses, liabilities, obligations, damages, fines, penalties, judgments, actions,
claims, costs or other expenses (including, without limitation, fees,
disbursements and expenses of legal counsel, experts, engineers and consultants
and the costs of investigation and feasibility studies, remedial or removal
actions and cleanup activities, operations and maintenance, or natural resource
damages) arising from or under any Environmental Law; (Y) "Environmental Laws"
means any applicable federal, state, local, or foreign law (including common
law), statute, code, ordinance, rule, regulation, permit, or other requirement
relating to the environment, natural resources, or public or employee health and
safety; and (Z) "Hazardous Materials" means any substance, material or waste
regulated by federal, state or local government, or common law including,
without limitation, any substance, material or waste which is defined as a
"solid waste," "hazardous waste," "hazardous material," "hazardous substance,"
"toxic waste" or "toxic substance" under any provision of Environmental Law and
including but not limited to petroleum and petroleum products, asbestos and
asbestos containing materials, and polychlorinated biphenyls.

      5.28 ACCOUNTS RECEIVABLE. Subject to any reserves set forth in the
consolidated balance sheet of Sellers, Clare and TUG NY for the current fiscal
year, Sellers' accounts receivable are reflected in such consolidated balance
sheet and such accounts receivable arose in the ordinary course of business;
were not, as of the date of such balance sheet, subject to any material
discount, contingency, claim of offset or recoupment or counterclaim; and
represented, as of the date of such balance sheet, bona fide claims against
debtors for sales, leases, licenses and other charges thereto.

      5.29 LICENSES TO OPERATE. Sellers have all material permits, licenses,
orders or approvals of any federal, state, local or foreign governmental or
regulatory body required

<PAGE>

in order to permit it to carry on its business as presently conducted. All such
permits, licenses, orders and approvals are in full force and effect and to
Sellers' Knowledge no suspension or cancellation of any of them is threatened.

      5.30 NO THIRD PARTY OPTIONS. Except as set forth in SCHEDULE 5.30, there
are no existing agreements, options, commitments or rights with, of or to any
person to acquire any material assets or rights of Sellers.

      5.31 NO DEFAULT. Except as set forth in SCHEDULE 5.31, the business of
Sellers have not been and is not being conducted in default or violation of any
term, condition or provision of (i) its constitutional documents or similar
organizational documents, (ii) any agreement or (iii) any federal, state, local
or foreign law, statute, regulation, rule, ordinance, judgment, decree, order,
writ, injunction, concession, grant, franchise, permit or license or other
governmental authorization or approval applicable to Sellers and the Sellers or
relating to any of the property owned, leased or used by it, or applicable to
its business, excluding from the foregoing clauses (i), (ii) and (iii), defaults
or violations that would not, individually or in the aggregate, have a Material
Adverse Effect on Sellers or materially impair the ability of Sellers to
consummate this Agreement. As of the date of this Agreement, no investigation or
review by any governmental authority or other entity with respect to Sellers is
pending or, to Sellers' Knowledge, threatened, nor has any governmental
authority or other entity indicated an intention to conduct the same, other
than, in each case, those the outcome of which, as far as reasonably can be
foreseen, in the future will not, individually or in the aggregate, have a
Material Adverse Effect.

      5.33 RESTRICTIONS ON BUSINESS ACTIVITIES. There is no judgment,
injunction, order or decree binding upon Sellers or to which Sellers is a party
which has or could reasonably be expected to have the effect of prohibiting or
materially impairing any business practice of Sellers, any acquisition of
property by Sellers or the conduct of business by Sellers as currently conducted
other than such effects, individually or in the aggregate, which have not had
and could not reasonably be expected to have, a Material Adverse Effect on
Sellers.

      5.34 MARGIN STOCK. Sellers are not engaged in the business of extending
credit for the purpose of purchasing or carrying Margin Stock.

      5.35 INVESTMENT COMPANY. Sellers are not (i) an "investment company," or
an "affiliated person" of, or "promoter" or "principal underwriter" for, an
"investment company," as such terms are defined in the Investment Company Act of
1940, as amended, or (ii) a "holding company" or a "subsidiary company" of a
"holding company" or an affiliate of a "holding company" or of a "subsidiary
company" of a "holding company" or a "public utility" within the meaning of the
Public Utility Holding Company of 1935, as amended, or (iii) a "public utility"
within the meaning of the Federal Power Act of 1920, as amended.

      5.36 FOREIGN ASSET CONTROL REGULATIONS. Sellers are not a "national" of
any "designated foreign country", within the meaning of the Foreign Asset
Control

<PAGE>

Regulations or the Cuban Asset Control Regulations of the U.S. Treasury
Department, 31 C.F.R., Subtitle B, Chapter V, as amended, or any regulations or
rulings issued thereunder.

      5.37 APPLICATION OF TAKEOVER PROTECTIONS; RIGHTS AGREEMENT. Sellers and
its board of directors have taken all necessary action, if any, in order to
render inapplicable any control share acquisition, business combination, poison
pill (including any distribution under a rights agreement) or other similar
antitakeover provision under Sellers' constitutional documents or the laws of
the respective state of incorporation which is or could become applicable as a
result of the transactions contemplated by this Agreement. Sellers have not
adopted a stockholder rights plan or similar arrangement relating to
accumulations of beneficial ownership of its common shares or a change in
control of the Company.

      5.38 FOREIGN CORRUPT PRACTICES. None of Sellers, its affiliates, nor any
director, officer, agent, employee or other person acting on behalf of any of
them has, in the course of its actions for, or on behalf of, such entity (i)
used any corporate funds for any unlawful contribution, gift, entertainment or
other unlawful expenses relating to political activity; (ii) made any direct or
indirect unlawful payment to any foreign or domestic government official or
employee from corporate funds; (iii) violated or is in violation of any
provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv)
made any unlawful bribe, rebate, payoff, influence payment, kickback or other
unlawful payment to any foreign or domestic government official or employee.

      5.39 TRANSACTIONS WITH AFFILIATES. Except as set forth in SCHEDULE 5.39,
none of the officers, directors or employees of Sellers is presently a party to
any transaction with Sellers (other than for ordinary course services as
employees, officers or directors), including any contract, agreement or other
arrangement providing for the furnishing of services to or by, providing for
rental of real or personal property to or from, or otherwise requiring payments
to or from any such officer, director or employee or, to Sellers' Knowledge, any
corporation, partnership, trust or other entity in which any such officer,
director, or employee has a substantial interest or is an officer, director,
trustee or partner.

      5.40 INDEBTEDNESS AND OTHER CONTRACTS. Except as disclosed in SCHEDULE
5.40, none of Sellers have any outstanding Indebtedness (as defined below), (ii)
is a party to any contract, agreement or instrument, the violation of which, or
default under which, by the other party(ies) to such contract, agreement or
instrument could reasonably be expected to result in a Material Adverse Effect,
(iii) is not in violation of any term of or in default under any contract,
agreement or instrument relating to any Indebtedness, except where such
violations and defaults would not result, individually or in the aggregate, in a
Material Adverse Effect, or (iv) is not a party to any contract, agreement or
instrument relating to any Indebtedness, the performance of which, in the
judgment of Sellers' officers, has or is expected to have a Material Adverse
Effect. SCHEDULE 5.40 provides a detailed description of the material terms of
any such outstanding Indebtedness. Immediately after giving effect to the
transactions contemplated hereby, Sellers will not have any outstanding
Indebtedness, other than set forth on SCHEDULE 5.40 under the heading Letters of
Credit. For purposes of this Agreement: (x) "Indebtedness"

<PAGE>

of any Person means, without duplication (A) all indebtedness for borrowed
money, (B) all obligations issued, undertaken or assumed as the deferred
purchase price of property or services, including (without limitation) "capital
leases" in accordance with generally accepted accounting principles (other than
trade payables entered into in the ordinary course of business), (C) all
reimbursement or payment obligations in respect of letters of credit, surety
bonds and other similar instruments, (D) all obligations evidenced by notes,
bonds, debentures or similar instruments, including obligations so evidenced
incurred in connection with the acquisition of property, assets or businesses,
(E) all indebtedness created or arising under any conditional sale or other
title retention agreement, or incurred as financing, in either case in respect
of any property or assets acquired with the proceeds of such indebtedness (even
though the rights and remedies of the Sellers or bank under such agreement in
the event of default are limited to repossession or sale of such property), (F)
all monetary obligations under any leasing or similar arrangement which, in
connection with generally accepted accounting principles, consistently applied
for the periods covered thereby, is classified as a capital lease, (G) all
indebtedness referred to in clauses (A) through (F) above secured by (or for
which the holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any mortgage, lien, pledge, charge, security
interest or other encumbrance upon or in any property or assets (including
accounts and contract rights) owned by any Person, even though the Person which
owns such assets or property has not assumed or become liable for the payment of
such indebtedness, and (H) all Contingent Obligations in respect of indebtedness
or obligations of others of the kinds referred to in clauses (A) through (G)
above; (y) "Contingent Obligation" means, as to any Person, any direct or
indirect liability, contingent or otherwise, of that Person in respect of any
indebtedness, lease, dividend or other obligation of another Person if the
primary purpose or intent of the Person incurring such liability, or the primary
effect thereof, is to provide assurance to the obligee of such liability that
such liability will be paid or discharged, or that any agreements relating
thereto will be complied with, or that the holders of such liability will be
protected (in whole or in part) against loss in respect thereof; and (z)
"Person" means an individual, a limited liability company, a partnership, a
joint venture, a corporation, a trust, an unincorporated organization or a
government or any department or agency thereof.

      5.41 INTERNAL ACCOUNTING CONTROLS. Sellers maintain a system of internal
accounting controls sufficient to provide reasonable assurance that (i)
transactions are executed in accordance with management's general or specific
authorizations, (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with generally accepted
accounting principles and to maintain asset and liability accountability, (iii)
access to assets or incurrence of liabilities is permitted only in accordance
with management's general or specific authorization and (iv) the recorded
accountability for assets and liabilities is compared with the existing assets
and liabilities at reasonable intervals and appropriate action is taken in
respect of any difference.

      5.42 DISCLOSURE. All disclosure, oral or written, provided to the
Purchaser regarding Sellers, its respective businesses and the transactions
contemplated hereby, including the Schedules to this Agreement, furnished by or
on behalf of Sellers is true and correct and does not contain any untrue
statement of a material fact or omit to state any material fact necessary in
order to make the statements made therein, in the light of the circumstances
under which they were made, not misleading. Each press release issued by Sellers
or its subsidiaries during the twelve (12) months preceding the date of this
Agreement did not at the time of release contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in the light of

<PAGE>

the circumstances under which they were made, not misleading. No event or
circumstance has occurred or information exists in respect of Sellers or any of
its subsidiaries or its or their business, properties, prospects, operations or
financial conditions, which, under applicable law, rule or regulation, requires
public disclosure or announcement by Sellers but which has not been so publicly
announced or disclosed.

      5.43 U.S. REAL PROPERTY HOLDING CORPORATION. Sellers are not, nor have
they ever been, U.S. real property holding corporations within the meaning of
Section 897 of the Internal Revenue Code of 1986, as amended, and Sellers shall
so certify upon Purchaser's request.

      5.44 CONDUCT OF BUSINESS; REGULATORY PERMITS. None of the Sellers is in
violation of any term of or in default under its certificate of incorporation,
certificate of formation, any certificate of designations of any outstanding
series of preferred stock of such company or bylaws or their organizational
charter or other constituent documents or bylaws, respectively. None of the
Sellers is in violation of any judgment, decree or order or any statute,
ordinance, rule or regulation applicable to such entity, and none of the Sellers
will conduct its respective business in violation of any of the foregoing,
except for such violations (each of which is set forth on SCHEDULE 5.44A) and/or
possible violations which would not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. Each of the Sellers
possess all certificates, authorizations and permits issued by the appropriate
regulatory authorities necessary to conduct their respective businesses, except
where the failure to possess such certificates, authorizations or permits would
not have, individually or in the aggregate, a Material Adverse Effect, and none
of the Sellers has received any notice of proceedings relating to the revocation
or modification of any such certificate, authorization or permit except where
such proceedings, revocation or modification (each of which is set forth on
SCHEDULE 5.44B) would not have a Material Adverse Effect.

                                   ARTICLE VI

             REPRESENTATIONS AND WARRANTIES OF THE CLARE AND TUG NY

      Each Selling Shareholder severally represents and warrants to the
Purchaser as follows:

      6.1 CORPORATE ORGANIZATION AND QUALIFICATION. Each of Clare and TUG NY is
a corporation duly organized, validly existing and in good standing under the
laws of the jurisdiction of its incorporation and is qualified and in good
standing as a foreign corporation in each jurisdiction where the properties
owned, leased or operated, or the business conducted by it, require such
qualification, except where failure to so qualify or

<PAGE>

be in good standing would not have a material adverse effect. Each of Clare and
TUG NY has all requisite power and authority (corporate or otherwise) to own,
lease and operate their properties and to carry on their business as it is now
being conducted. Each of Clare and TUG NY do not have any subsidiaries or any
other interest, direct or indirect, through stock ownership or otherwise, in any
corporations or business enterprise.

      6.2 CAPITALIZATION. The authorized capital stock of each of Clare and TUG
NY consists of 100,000 shares of common stock, $0.01 par value per share (the
"Clare Shares") and 200 shares of common stock, no par value (the "TUG Shares"),
each representing all of the issued and outstanding capital stock of each of
Clare and TUG NY. SCHEDULE 6.2 sets forth the shareholders of Clare and TUG NY
and such shareholders of each of Clare and TUG NY are the record and beneficial
owners of all of the Shares representing all of the issued and outstanding
capital stock of each of Clare and TUG NY. All of the outstanding shares of
capital stock of each of Clare and TUG NY has been duly authorized, validly
issued and is fully paid and nonassessable. Each of Clare and TUG NY do not have
any obligation (contingent or other) to purchase, redeem or otherwise acquire
any shares of its capital stock or any interest therein, or to pay any dividend
or make any other distribution in respect thereof. There are no existing
options, warrants, stock appreciation rights or other rights of any kind to
purchase shares of any capital stock of Clare or TUG NY. Each of Clare and TUG
NY do not have any subsidiaries or any other interest, direct or indirect,
through stock ownership or otherwise, in any corporation or business enterprise.

      6.3 AUTHORITY RELATIVE TO THIS STOCK PURCHASE AGREEMENT. Each of Clare and
TUG NY has the requisite corporate power and authority to approve, authorize,
execute and deliver this Agreement and to consummate the transactions
contemplated hereby (subject to the approval of the sale by the stockholders of
each of Clare and TUG NY). This Agreement and the consummation of the
transaction contemplated hereby have been duly and validly authorized by the
Board of Directors of each of Clare and TUG NY and no other corporate
proceedings on the part of each of Clare or TUG NY is necessary to authorize
this Agreement or to consummate the transactions contemplated hereby (other than
the approval of the sale by the stockholders of each of Clare and TUG NY). This
Agreement has been duly and validly executed and delivered by each of Clare and
TUG NY and constitutes the valid and binding agreement of each of Clare and TUG
NY, enforceable against each of Clare and TUG NY in accordance with its terms,
subject, as to enforceability, to bankruptcy, insolvency, reorganization,
moratorium and other laws of general applicability relating to or affecting
creditors' rights and to general principles of equity.

      6.4 CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and
delivery of this Agreement nor the consummation by each of Clare and TUG NY of
the transactions contemplated hereby will (i) conflict with or result in any
breach of any provision of its constitutional documents of each of Clare and TUG
NY; (ii) require any consent, approval, authorization or permit of, or
registration, declaration or filing with or notification to, any governmental
authority, except such consents, approvals, authorizations, permits, filings or
notifications where the failure to obtain such consent, approval,

<PAGE>

authorization or permit, or to make such filing or notification, could not in
the aggregate reasonably be expected to have a material adverse effect or
adversely affect the ability of each of Clare or TUG NY to consummate the
transactions contemplated hereby; (iii) result in a violation or breach of, or
constitute (with or without notice or lapse of time or both) a default (or give
rise to any right of termination, cancellation or acceleration or lien or other
charge or encumbrance) under any of the terms, conditions or provisions of any
material note, license, agreement or other instrument or obligation to which
each of Clare or TUG NY or any of their assets may be bound, which would in the
aggregate reasonably be expected to have a material adverse effect, except for
such violations, breaches and defaults (or rights of termination, cancellation
or acceleration or lien or other charge or encumbrance) as to which requisite
waivers or consents have been obtained; or (iv) violate any order, writ,
injunction, decree, statute, rule or regulation applicable to each of Clare and
TUG NY or their assets, except for violations which could not in the aggregate
reasonably be expected to have a material adverse effect or adversely affect the
ability of each of Clare and TUG NY to consummate the transactions contemplated
hereby.

      6.5 LITIGATION. There are no civil, criminal or administrative actions,
suits, demands, claims, hearings, notices of violation, investigations, demand
letters or proceedings pending or, to the best knowledge of Selling
Shareholders, threatened against either Clare or TUG NY (i) except as set forth
in SCHEDULE 6.5, or (ii) question the validity of this Agreement or any action
to be taken by Sellers in connection with the consummation of the transactions
contemplated hereby.

      6.6 FINANCIAL STATEMENTS. SCHEDULE 6.6 sets forth the audited consolidated
balance sheet of the Sellers and Clare at December 31, 2005 and at June 30,
2006, respectively, the related statement of operations and retained earnings,
stockholder's equity and of comprehensive income for the two years then ended,
and at June 30, 2006, each prepared in accordance with U.S. GAAP, together with
related notes and the audit report on each of such statements issued by Freidman
LLP, each of Clare's and TUG NY's certified public accountants and the review
reports issued by Freidman LLP.

      6.7 ABSENCE OF CERTAIN CHANGES OR EVENTS. Since January 1, 2006, the
business of each of Clare and TUG NY has been carried on only in the ordinary
and usual course and there has not been any material adverse change in its
business, properties, operations or financial condition and no event has
occurred and no fact or set of circumstances has arisen which has resulted in or
could reasonably be expected to result in a material adverse effect in the
operations of either Clare or TUG NY.

      6.8 EMPLOYMENT AGREEMENTS. Neither Clare nor TUG NY is a party to any
employment, consulting, non-competition, severance, golden parachute,
indemnification agreement or any other agreement providing for payments or
benefits or the acceleration of payments or benefits upon the consummation of
the transactions contemplated hereby (including, without limitation, any
contract to which Clare, TUG NY or any of the Sellers is a party involving
employees of each of Clare or TUG NY).

<PAGE>

      6.9 BROKERS AND FINDERS. Neither Clare nor TUG NY has employed any
investment banker, broker, finder, consultant or intermediary in connection with
the transactions contemplated by this Agreement which would be entitled to any
investment banking, brokerage, finder's or similar fee or commission in
connection with this Agreement or the transactions contemplated hereby.

      6.10 TAXES. Each of Clare and TUG NY has (x) filed all returns,
declarations, reports, information returns and statements of whatsoever kind
("Tax Returns") in respect of all federal, state, county, local, foreign and
other Taxes (as defined below) that it is required to file, and all such Tax
Returns are true, complete and accurate in all material respects and (y) paid or
provided for the payment of all Taxes due with respect to such Tax Returns and
all Taxes, if any, required to be paid for which no return is required. Copies
of all federal income Tax Returns relating to Clare's and TUG NY's last five
taxable years have been made available to Purchaser for review. The most recent
financial statements of each of Clare and TUG NY reflect an adequate reserve for
all Taxes payable by Clare and TUG NY, respectively, for all taxable periods and
portions thereof through the date of such financial statements. There are no
material liens for Taxes with respect to any of the assets or properties of
Clare and TUG NY. Except as otherwise set forth in SCHEDULE 6.10, neither Clare
nor TUG NY has been audited by the Internal Revenue Service or any state, local
or foreign taxing jurisdiction and no agreements or consents extending the
period during which any Taxes may be assessed or collected are now in force.
Except as set forth in SCHEDULE 6.10, no material adjustments have been proposed
by the Internal Revenue Service or by, or with, any other taxing authority with
respect to any open tax years or tax returns. All material adjustments have been
fully paid. Except as set forth in SCHEDULE 6.10, neither Clare nor TUG NY is a
party to or bound by any tax indemnity agreement or any agreement providing for
the allocation or sharing of Taxes with any entity. Each of Clare and TUG NY has
complied in all material respects with all applicable legal requirements
relating to the payment and withholding of taxes and, within the time and in the
manner prescribed by law, has withheld from wages, fees and other payments and
paid over to the proper governmental or regulatory authorities all amounts
required. For the purpose of this Agreement, the term "Tax" (and, with
correlative meaning, the terms "Taxes" and "Taxable") shall include all federal,
state, local and foreign income, profits, franchise, gross receipts, payroll,
sales, employment, use, property, withholding, excise and other taxes, duties or
assessments of any nature whatsoever, together with all interest, penalties and
additions imposed with respect to such amounts.

      6.11 EMPLOYEE BENEFITS. Neither Clare nor TUG NY is a party nor obligated
for any (x) Company Benefit Plans for the employees, directors and officers of
Clare or TUG NY as the case may be, (y) severance arrangements, or (z) employee
benefit plans.

      6.12 INTANGIBLE PROPERTY. SCHEDULE 6.12 sets forth, with respect to each
proprietary asset owned by or licensed to each of Clare and TUG NY or otherwise
used by each of Clare and TUG NY and identifies the license agreement under
which such asset is being licensed to each of Clare and TUG NY. Each of Clare
and TUG NY has

<PAGE>

good, valid and marketable title to all its assets free and clear of all liens
and other encumbrances, and has a valid right to use all such assets, including
any trademark (whether registered or unregistered), trademark application, trade
name, fictitious business name, service mark (whether registered or
unregistered), service mark application, copyright (whether registered or
unregistered), copyright application, trade secrets, licenses, information and
proprietary rights and processes, all patents and patent rights, customer list,
franchise, or intangible asset, together with all goodwill related to the
foregoing.

      6.13 PERSONAL PROPERTY. Except as shown on SCHEDULE 6.13, when transferred
and paid for as provided herein, the Purchaser will receive good title, free and
clear of all title defects, security interests, pledges, options, claims or
liens (including, without limitation, leases, chattel mortgages, conditional
sale contracts, collateral security arrangements and OTHER title or interest
retaining agreements) to all Personal Property listed or described in SCHEDULE
6.13 as owned by each of Clare and TUG NY, but excluding any such liens or
encumbrances which will not materially affect the value of such property or
interfere with the use of such property in the conduct of the each of Clare or
TUG NY business.

      6.14 INSURANCE. SCHEDULE 6.14 sets forth a complete and correct list of
all bonds, workers compensation insurance (and leased or temporary employee
workers compensation insurance) and all contracts of insurance and indemnity of
each of Clare and TUG NY with respect to its business in force at the date of
this Agreement (including name of insurer or indemnitor, agent, form of coverage
and expiration date). All premiums and other payments due from each of Clare and
TUG NY with respect to any such contracts of insurance or indemnity have been
paid, or will be paid within their terms by each of Clare and TUG NY, as the
case may be, and no Selling Shareholder knows of any fact, act or failure to act
which has caused or might cause any such contract to be cancelled or terminated
prior to the Closing. All notices have been given, all known claims have been
presented and all other required or appropriate action with respect to such
contracts have been taken by each of Clare and TUG NY in a due and timely
fashion.

      6.15 INTERESTS IN REAL PROPERTY. SCHEDULE 6.15 sets forth a correct and
complete list and brief description of all real properties leased by each of
Clare and TUG NY. Neither Clare nor TUG NY own any real property. All leases in
respect of such real property leased by each of Clare and TUG NY are valid and
enforceable and no party to any such lease is in default thereunder,
respectively, and true and complete copies of such leases have previously been
delivered to the Purchaser. All rent currently due and payable under the real
property leases has been paid.

      6.16 INTERESTS IN EQUIPMENT LEASES. SCHEDULE 6.16 includes a correct and
complete list and brief description of all property leased by each of Clare and
TUG NY, identifying each piece of equipment with each lease. All leases are
valid and enforceable and no party to any such lease is in default thereunder,
respectively, and true and complete copies of such Leases have previously been
delivered to the Purchaser. All

<PAGE>

payments currently due and payable under the Leases have been paid.

      6.17 TRANSPORTATION CONTRACTS. SCHEDULE 6.17 sets forth a complete and
correct list of all written Transportation Contracts in effect on the date
hereof and in respect of any such contract which is not written, a description
of the parties and the nature of the contract. Each of Clare's and TUG NY's
relationship with each of its customers is good and no customer has expressed to
the Selling Shareholders any intention to terminate or modify adversely any such
relationship.

      6.18 SUPPLIERS; OTHER CONTRACTS. SCHEDULE 6.18 sets forth the complete and
correct list of the names of any suppliers of transportation services to each of
Clare and TUG NY with respect to which practical alternative sources of supply
are, in the good faith opinion of the Sellers, not available on commercially
reasonable terms and conditions, together with a description of any existing
contractual arrangements for, and any pending discussions or negotiations
relating to, continued supply from such suppliers and a completed list of the
Contracts which involve payments in excess of $100,000.

      6.19 COMPENSATION OF EMPLOYEES. SCHEDULE 6.19 contains a complete and
accurate list of all current directors, officers, employees and consultants of
each of Clare and TUG NY on the date hereof and the Closing respectively. Each
of Clare and TUG NY shall separately deliver a Schedule containing the current
job title, aggregate remuneration rate (bonus, commission and salary) and
accrued but untaken vacation and sick leave for each such individual.

      6.20 EMPLOYEE RELATIONS. As of September 6, 2006, each of Clare and TUG NY
had an aggregate of 10 permanent employees (1 for Clare and 9 for TUG NY), and
each of Clare and TUG NY generally enjoy a good employer-employee relationship.
Each of Clare and TUG NY are not delinquent in payments to any of its employees
or consultants (including any leased or temporary employee agreements) for any
wages, salaries, commissions, bonuses or other direct compensation for any
services performed by them or for amounts required to be reimbursed to such
employees. Upon termination of the employment of any of its employees, each of
Clare and TUG NY will not by reason of anything done prior to the Closing, be
liable to any of its employees or consultants for severance pay or any other
payments (other than accrued salary, vacation or sick pay in accordance with
each of Clare and TUG NY normal policies). Neither Clare nor TUG NY has any
contracts of employment with any employees or any legal responsibility for the
employees of any other entity, and all employees of each of Clare and TUG NY are
terminable by each of Clare and TUG NY at will except as set forth in Schedule
6.19.

      6.21 LABOR AGREEMENTS. There are no contracts with labor unions binding
upon either Clare or TUG NY and neither Clare nor TUG NY have been requested to
recognize nor agreed to recognize any union or other collective bargaining unit
nor has any union or other collective bargaining unit been certified as
representing any employees of either Clare or TUG NY. The Selling Shareholders
have no knowledge of any organization effort currently being made or threatened
by or on behalf of any labor

<PAGE>

union with respect to employees of either Clare or TUG NY.

      6.22 COMMISSION ARRANGEMENTS. SCHEDULE 6.19 sets forth all commission
arrangements.

      6.23 BANK AND OTHER ACCOUNTS. SCHEDULE 6.23 sets forth a true and complete
list of all bank, savings, brokerage and other accounts of each of Clare and TUG
NY, including the name of the depositary, the account number and the persons
authorized to make deposits and withdrawals or to effect transactions in such
accounts.

      6.24 LETTERS OF CREDIT AND BONDS. Set forth in SCHEDULE 6.24 is a list of
all loans, credit facilities, letters of credit and bonds outstanding on the
date hereof which are the obligations of each of Clare and TUG NY together with
their face amounts and a description as to their character (e.g., standby,
irrevocable, etc.).

      6.25 IMMIGRATION MATTERS. To the best of Selling Shareholder's knowledge,
each of Clare and TUG NY has complied in all material respects with all relevant
provisions of Section 274a of the Immigration and Nationality Act, as amended
(the "INA") and all applicable immigration laws. Without limiting the foregoing,
(a) each U.S. "employee" (as that term is defined in the INA) of each of Clare
and TUG NY is permitted to be so employed in the United States under the INA;
(b) each of Clare and TUG NY has examined (and made copies of, if applicable)
the documents presented by each such employee to establish appropriate
employment eligibility under the INA; (c) each of Clare and TUG NY has completed
and required each U.S. employee hired on or since November 11, 1986 to complete
a Form I-9 verifying employment eligibility under the INA; (d) each of Clare and
TUG NY has retained each such completed Form 1-9 for the length of time required
under the INA; and (e) no monetary penalties have been assessed or threatened
against either Clare or TUG NY for violation of Section 274a of the INA.

      6.26 UNLAWFUL PAYMENTS AND CONTRIBUTIONS. Neither Clare nor TUG NY nor any
of their directors, officers, employees or agents has, with respect to the
business of each of Clare or TUG NY (i) used any funds for any unlawful
contribution, endorsement, gift, entertainment or other unlawful expense
relating to political activity; (ii) made any direct or indirect unlawful
payment to any foreign or domestic government official or employee; (iii)
violated or is in violation of any provision of the Foreign Corrupt Practices
Act of 1977, as amended; or (iv) made any bribe, rebate, payoff, influence
payment, kickback or other unlawful payment to any Person or Entity.

      6.27 ENVIRONMENTAL MATTERS. Except as disclosed in SCHEDULE 6.27, (i) each
of Clare and TUG NY and the operations thereof are in material compliance with
all Environmental Laws including, without limitation, all laws pertaining to
Hazardous Materials; (ii) there are no judicial or administrative actions,
suits, proceedings or

<PAGE>

investigations pending or, to the knowledge of Sellers, threatened against Clare
or TUG NY or alleging the violation of or liability of Clare or TUG NY under any
Environmental Laws, and neither Clare nor TUG NY has received notice from any
Governmental Body or other Person alleging any violation of or liability under
any Environmental Laws, in either case which could reasonably be expected to
result in material Environmental Costs and Liabilities (as defined below); (iii)
to the knowledge of Selling Shareholders, there are no facts, activities,
circumstances or conditions relating to, arising from, associated with, or
attributable to Clare or TUG NY or any real property currently or previously
owned, operated or leased by either Clare or TUG NY that could reasonably be
expected to result in material Environmental Costs and Liabilities; and (iv) no
notices to, or authorizations from, any governmental authority pursuant to any
Environmental Laws are required in order to complete the Sale or as a result of
having entered this Agreement.

      6.28 ACCOUNTS RECEIVABLE. Subject to any reserves set forth in the
consolidated balance sheet of each of the Sellers, Clare and TUG NY for the
current fiscal year, each of the Sellers, Clare and TUG NY accounts receivable
are reflected in such consolidated balance sheet and such accounts receivable
arose in the ordinary course of business; were not, as of the date of such
balance sheet, subject to any material discount, contingency, claim of offset or
recoupment or counterclaim; and represented, as of the date of such balance
sheet, bona fide claims against debtors for sales, leases, licenses and other
charges thereto.

      6.29 LICENSES TO OPERATE. Each of Clare and TUG NY has all permits,
licenses, orders or approvals of any federal, state, local or foreign
governmental or regulatory body required in order to permit it to carry on its
business as presently conducted. All such permits, licenses, orders and
approvals are in full force and effect and no suspension or cancellation of any
of them is threatened. SCHEDULE 6.29 lists all permits of Sellers, Clare and TUG
NY, including any customs brokerage, NVOCC or IATA licenses and other
Transferable/Non-Transferable Governmental Permits.

      6.30 NO THIRD PARTY OPTIONS. There are no existing agreements, options,
commitments or rights with, of or to any person to acquire any material assets
or rights of either Clare or TUG NY.

      6.31 CERTIFICATES. No certificate executed by Clare or TUG NY or by any
officer of Clare or TUG NY pursuant to this Agreement contains or will contain
any misstatement of a material fact or omits or will omit any material fact
necessary to make the statements made not misleading.

      6.32 NO DEFAULT. The business of each of Clare and TUG NY has not been and
is not being conducted in default or violation of any term, condition or
provision of (i) its constitutional documents or similar organizational
documents, (ii) any agreement or (iii) any federal, state, local or foreign law,
statute, regulation, rule, ordinance, judgment, decree, order, writ, injunction,
concession, grant, franchise, permit or license or other governmental
authorization or approval applicable to either Clare or TUG NY or relating to
any of the property owned, leased or used by it, or applicable to its business,
excluding

<PAGE>

from the foregoing clauses (i), (ii) and (iii), defaults or violations that
would not, individually or in the aggregate, have a material adverse effect on
either Clare or TUG NY or materially impair the ability of either Clare or TUG
NY to consummate this Agreement.

      6.33 SCHEDULES. Each of the Schedules attached hereto constitutes, and
each of the schedules to be delivered at the Closing will constitute, a true and
complete list of the items purported to be set forth therein except for items
the omission of which would not be considered material.

      6.34 REPRESENTATIONS AND WARRANTIES OF CLARE AND TUG NY. Each of the
representations and warranties of the Shareholder, Clare and TUG NY are hereby
represented and warranted as if made by Robert Lee and Robert Wu and are
accurate and binding on Robert Lee and Robert Wu.

      6.35 RESTRICTIONS ON BUSINESS ACTIVITIES. There is no judgment,
injunction, order or decree binding upon Clare or TUG NY or to which Clare or
TUG NY is a party which has or could reasonably be expected to have the effect
of prohibiting or materially impairing any business practice of Clare or TUG NY,
any acquisition of property by Clare or TUG NY or the conduct of business by
Clare or TUG NY as currently conducted other than such effects, individually or
in the aggregate, which have not had and could not reasonably be expected to
have, a Material Adverse Effect on Clare or TUG NY.

      6.36 MARGIN STOCK. Neither Clare nor TUG NY is engaged in the business of
extending credit for the purpose of purchasing or carrying Margin Stock.

      6.37 INVESTMENT COMPANY. Neither Clare nor TUG NY is (i) an "investment
company," or an "affiliated person" of, or "promoter" or "principal underwriter"
for, an "investment company," as such terms are defined in the Investment
Company Act of 1940, as amended, or (ii) a "holding company" or a "subsidiary
company" of a "holding company" or an affiliate of a "holding company" or of a
"subsidiary company" of a "holding company" or a "public utility" within the
meaning of the Public Utility Holding Company of 1935, as amended, or (iii) a
"public utility" within the meaning of the Federal Power Act of 1920, as
amended.

      6.38 FOREIGN ASSET CONTROL REGULATIONS. Neither Clare nor TUG NY is a
"national" of any "designated foreign country", within the meaning of the
Foreign Asset Control Regulations or the Cuban Asset Control Regulations of the
U.S. Treasury Department, 31 C.F.R., Subtitle B, Chapter V, as amended, or any
regulations or rulings issued thereunder.

      6.39 APPLICATION OF TAKEOVER PROTECTIONS; RIGHTS AGREEMENT. Neither Clare
nor TUG NY nor its board of directors have taken all necessary action, if any,
in order to render inapplicable any control share acquisition, business
combination, poison pill (including any distribution under a rights agreement)
or other similar antitakeover provision under Clare and TUG NY constitutional
documents or the laws of the state of

<PAGE>

its incorporation which is or could become applicable as a result of the
transactions contemplated by this Agreement. Neither Clare nor TUG NY has
adopted a stockholder rights plan or similar arrangement relating to
accumulations of beneficial ownership of its common shares or a change in
control of such Company.

      6.40 FOREIGN CORRUPT PRACTICES. Neither of Clare, TUG NY, its affiliates,
nor any director, officer, agent, employee or other person acting on behalf of
any of them has, in the course of its actions for, or on behalf of, such entity
(i) used any corporate funds for any unlawful contribution, gift, entertainment
or other unlawful expenses relating to political activity; (ii) made any direct
or indirect unlawful payment to any foreign or domestic government official or
employee from corporate funds; (iii) violated or is in violation of any
provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv)
made any unlawful bribe, rebate, payoff, influence payment, kickback or other
unlawful payment to any foreign or domestic government official or employee.

      6.41 TRANSACTIONS WITH AFFILIATES. Except as set forth in SCHEDULE 6.41,
none of the officers, directors or employees of Clare or TUG NY is presently a
party to any transaction with Clare or TUG NY (other than for ordinary course
services as employees, officers or directors), including any contract, agreement
or other arrangement providing for the furnishing of services to or by,
providing for rental of real or personal property to or from, or otherwise
requiring payments to or from any such officer, director or employee or, to the
knowledge of Clare or TUG NY, any corporation, partnership, trust or other
entity in which any such officer, director, or employee has a substantial
interest or is an officer, director, trustee or partner.

      6.42 INDEBTEDNESS AND OTHER CONTRACTS. Except as disclosed in SCHEDULE
6.42, neither Clare nor TUG NY have any outstanding Indebtedness (as defined
below), (ii) is a party to any contract, agreement or instrument, the violation
of which, or default under which, by the other party(ies) to such contract,
agreement or instrument could reasonably be expected to result in a Material
Adverse Effect, (iii) is not in violation of any term of or in default under any
contract, agreement or instrument relating to any Indebtedness, except where
such violations and defaults would not result, individually or in the aggregate,
in a Material Adverse Effect, or (iv) is not a party to any contract, agreement
or instrument relating to any Indebtedness, the performance of which, in the
judgment of Clare's and TUG NY's officers, has or is expected to have a Material
Adverse Effect. SCHEDULE 6.42 provides a detailed description of the material
terms of any such outstanding Indebtedness. Immediately after giving effect to
the transactions contemplated hereby, Clare and TUG NY will not have any
outstanding Indebtedness, other than set forth on SCHEDULE 6.42 under the
heading Letters of Credit. For purposes of this Agreement: (x) "Indebtedness" of
any Person means, without duplication (A) all indebtedness for borrowed money,
(B) all obligations issued, undertaken or assumed as the deferred purchase price
of property or services, including (without limitation) "capital leases" in
accordance with generally accepted accounting principles (other than trade
payables entered into in the ordinary course of business), (C) all reimbursement
or payment obligations in respect of letters of credit, surety bonds and other
similar instruments, (D) all obligations evidenced by notes, bonds, debentures
or similar instruments, including obligations so evidenced incurred in
connection with the

<PAGE>

acquisition of property, assets or businesses, (E) all indebtedness created or
arising under any conditional sale or other title retention agreement, or
incurred as financing, in either case in respect of any property or assets
acquired with the proceeds of such indebtedness (even though the rights and
remedies of the Clare or TUG NY or bank under such agreement in the event of
default are limited to repossession or sale of such property), (F) all monetary
obligations under any leasing or similar arrangement which, in connection with
generally accepted accounting principles, consistently applied for the periods
covered thereby, is classified as a capital lease, (G) all indebtedness referred
to in clauses (A) through (F) above secured by (or for which the holder of such
Indebtedness has an existing right, contingent or otherwise, to be secured by)
any mortgage, lien, pledge, charge, security interest or other encumbrance upon
or in any property or assets (including accounts and contract rights) owned by
any Person, even though the Person which owns such assets or property has not
assumed or become liable for the payment of such indebtedness, and (H) all
Contingent Obligations in respect of indebtedness or obligations of others of
the kinds referred to in clauses (A) through (G) above; (y) "Contingent
Obligation" means, as to any Person, any direct or indirect liability,
contingent or otherwise, of that Person in respect of any indebtedness, lease,
dividend or other obligation of another Person if the primary purpose or intent
of the Person incurring such liability, or the primary effect thereof, is to
provide assurance to the obligee of such liability that such liability will be
paid or discharged, or that any agreements relating thereto will be complied
with, or that the holders of such liability will be protected (in whole or in
part) against loss in respect thereof; and (z) "Person" means an individual, a
limited liability company, a partnership, a joint venture, a corporation, a
trust, an unincorporated organization or a government or any department or
agency thereof.

      6.43 INTERNAL ACCOUNTING CONTROLS. Each of Clare and TUG NY maintains a
system of internal accounting controls sufficient to provide reasonable
assurance that (i) transactions are executed in accordance with management's
general or specific authorizations, (ii) transactions are recorded as necessary
to permit preparation of financial statements in conformity with generally
accepted accounting principles and to maintain asset and liability
accountability, (iii) access to assets or incurrence of liabilities is permitted
only in accordance with management's general or specific authorization and (iv)
the recorded accountability for assets and liabilities is compared with the
existing assets and liabilities at reasonable intervals and appropriate action
is taken in respect of any difference.

      6.44 DISCLOSURE. All disclosure, oral or written, provided to the
Purchaser regarding Clare and TUG NY, its respective businesses and the
transactions contemplated hereby, including the Schedules to this Agreement,
furnished by or on behalf of Clare and TUG NY is true and correct and does not
contain any untrue statement of a material fact or omit to state any material
fact necessary in order to make the statements made therein, in the light of the
circumstances under which they were made, not misleading. Each press release
issued by Clare and TUG NY during the twelve (12) months preceding the date of
this Agreement did not at the time of release contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading. No event or
circumstance has occurred or information exists

<PAGE>

in respect of Clare or TUG NY or its or their business, properties, prospects,
operations or financial conditions, which, under applicable law, rule or
regulation, requires public disclosure or announcement by Clare or TUG NY but
which has not been so publicly announced or disclosed.

      6.45 U.S. REAL PROPERTY HOLDING CORPORATION. Neither Clare nor TUG NY is,
nor has it ever been, a U.S. real property holding corporation within the
meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and
Clare and TUG NY shall so certify upon Purchaser's request.

      6.46 CONDUCT OF BUSINESS; REGULATORY PERMITS. None of Clare nor TUG NY is
in violation of any term of or in default under its certificate of
incorporation, certificate of formation, any certificate of designations of any
outstanding series of preferred stock of such company or bylaws or their
organizational charter or other constituent documents or bylaws, respectively.
None of Clare nor TUG NY is in violation of any judgment, decree or order or any
statute, ordinance, rule or regulation applicable to such entity, and none of
Clare nor TUG NY will conduct its respective business in violation of any of the
foregoing, except for such violations (each of which is set forth on SCHEDULE
6.46A) and/or possible violations which would not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. Each of
Clare nor TUG NY possess all certificates, authorizations and permits issued by
the appropriate regulatory authorities necessary to conduct their respective
businesses, except where the failure to possess such certificates,
authorizations or permits would not have, individually or in the aggregate, a
Material Adverse Effect, and none of Clare nor TUG NY has received any notice of
proceedings relating to the revocation or modification of any such certificate,
authorization or permit except where such proceedings, revocation or
modification (each of which is set forth on SCHEDULE 6.46B) would not have a
Material Adverse Effect.

                                   ARTICLE VII

                 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

      The Purchaser represents and warrants to each of the Sellers as follows:

      7.1 ORGANIZATION, STANDING, ETC. OF THE PURCHASER. The Purchaser is a
limited liability company duly organized, validly existing and in good standing
under the laws of the State of Delaware. The Purchaser has all requisite
corporate and limited liability company, as applicable, power and authority to
own the Purchased Assets and conduct the business to be transferred hereunder.

      7.2 AUTHORITY; BINDING EFFECT. The Purchaser has the corporate and limited
liability company, as applicable, power and authority to enter into this
Agreement and to carry out the transactions contemplated hereby. The execution
and delivery of this Agreement and the transactions contemplated hereby have
been duly authorized by all necessary corporate action on the part of the
Purchaser, and this Agreement has been duly executed and delivered by duly
authorized officers of the Purchaser and constitutes the valid, legal and
binding obligation of the Purchaser enforceable in accordance with its terms.

<PAGE>

      7.3 COMPLIANCE WITH OTHER INSTRUMENTS AND LAWS, ETC. The execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby will not result in any violation of or be in conflict with, or constitute
a default under any provision of the Certificate of Formation or Operating
Agreement of the Purchaser, or any agreement, instrument, judgment, decree,
order, statute, rule or governmental regulation applicable to the Purchaser or
any of its properties. No consent, approval or authorization of, or declaration
or filing with, any governmental authority is required of the Purchaser under
existing law in connection with the execution or delivery of this Agreement or
the consummation of the transactions contemplated hereby.

      7.4 LEGAL PROCEEDINGS. There are no actions, suits, proceedings or
investigations pending or threatened against the Purchaser or its properties or
assets which question the validity of this Agreement or any action taken or to
be taken pursuant hereto, or which might have a material adverse effect upon the
properties or business of the Purchaser. There is no judgment, order, writ,
injunction or decree of any court or administrative agency which might interfere
with the consummation of the transactions contemplated hereby.

                                  ARTICLE VIII

                                    COVENANTS

      8.1 FURTHER ASSURANCES AND ASSISTANCE. The Sellers, Clare, TUG NY and the
Selling Shareholders shall, from time to time, at the request and expense of the
Purchaser, do, execute, acknowledge and deliver or will cause to be done,
executed, acknowledged and delivered all such further acts, deeds, assignments,
transfers, conveyances, assurances and take such other action as the Purchaser
may reasonably request and as may be reasonably necessary in order to vest in
the Purchaser title to, and possession and control of all of the Purchased
Assets and the Shares.

      8.2 CONDUCT OF BUSINESS PENDING THE CLOSING. From and after the date
hereof and through the Closing Date, the Sellers, Clare and TUG NY will:

            (i) maintain the Logistics Business, the Purchased Assets, Clare and
      TUG NY in their present operating condition and repair, except for
      ordinary wear and tear;

            (ii) not sell, pledge, lease, mortgage, encumber or dispose of, or
      agree to any of the foregoing regarding, any of the Purchased Assets or
      assets of Clare or TUG NY without the prior written approval of the
      Purchaser;

            (iii) use their commercially reasonable efforts to preserve intact
      the Purchased Assets, including the real property leases, Clare and TUG NY
      and each of their business organizations, management and personnel, and
      use reasonable best efforts to keep available the services of all of their
      employees, agents,

<PAGE>

      independent contractors and consultants, commensurate with its business
      requirements;

            (iv) use its commercially reasonable efforts to preserve intact each
      of the Sellers', Clare's and TUG NY's customers and suppliers
      relationships and their goodwill in their business relations with the
      Sellers, Clare and TUG NY;

            (v) keep in force all policies of insurance covering the Logistics
      Business, the Purchased Assets of the Sellers, Clare and TUG NY;

            (vi) operate the Logistics Business, Clare and TUG NY in the
      ordinary course of the Sellers' business, upon their usual terms and
      conditions, provided, however, that, without the prior written consent of
      the Purchaser, the Sellers and the Selling Shareholders shall not enter
      into any agreement, written or oral, relating to the Logistics Business or
      the Purchased Assets which involves or relates to:

                  (A) any labor union or collective bargaining agreement;

                  (B) any new lease or license for any real property or
            equipment;

                  (C) any agreement or arrangement as to which the U.S. federal
            government, any state, local or municipal government or any agency
            or instrumentality of any of the foregoing is a party;

                  (D) any distributions to its Selling Shareholders other than
            distributions for base salary, tax distributions and reimbursements
            for reasonable business expenses that shall not exceed $50,000
            singly nor $100,000 in the aggregate;

                  (E) any material arrangement or agreement with any customer to
            grant such customer a credit or rebate for services rendered or to
            be rendered; or

                  (F) any new material contract, lease, real property lease,
            letter of credit, bond or agreement to materially modify such
            existing agreements.

            (vii) promptly notify the Purchaser in writing of any material
      outstanding or threatened claims, legal, administrative, governmental or
      other proceedings, suits, investigations, complaints, notices or violation
      or other process involving any request or demand for specific performance
      or involving in any single instance more than $25,000 other than cargo
      claims arising in the ordinary course of the Logistics Business, or any
      judgments, orders, directives, injunctions, restraining orders or
      restrictions against or involving the Purchased Assets, the

<PAGE>

      Logistics Business or the transactions contemplated by this Agreement.

      8.3 On or before the Closing Date, the Sellers, Clare and TUG NY will
terminate the employment of all Sellers' salaried and hourly employees and all
contractors on its payroll. The Sellers, Clare and TUG NY will fully vest and
fund all terminated employees on their account balances under any defined
contribution plan sponsored or maintained by any of them. The Purchaser assumes
no obligations nor any responsibilities of any kind resulting from the
termination by the Sellers, Clare and TUG NY of the employment of their
employees, including, but not limited to, any obligations to provide
compensation, wages, bonuses, severance pay, vacation time, over-time payments,
pay in lieu of vacation, salaries sickness and accident benefits, leaves of
absence, whole life insurance policies and similar employee benefits. The
Sellers, Clare and TUG NY hereby acknowledge that the Purchaser will not become
a party to, or assume any obligations under any of the "employee benefit plans",
within the meaning of Section 3(3) of ERISA, to which the Sellers are or may
have been a party other than the Assumed Plans.

      8.4 INDEMNITIES.

            8.4.1 INDEMNIFICATION OF THE PURCHASER. (a) Except with respect to
liabilities assumed by the Purchaser pursuant to Section 3.1 hereof and subject
to Sections 8.4.3, 8.16 and 11.8 hereof, the Sellers, Clare, TUG NY and the
Selling Shareholders shall jointly and severally indemnify the Purchaser for and
hold it harmless against any and all costs, expenses, claims, damages, lawsuits,
attorneys', accountants' and other professional fees, losses, deficiencies,
assessments, administrative orders, fines, penalties, actions, proceedings,
judgments, liabilities and obligations of any kind or description (a "Claim")
asserted against, incurred, or required to be paid by the Purchaser (regardless
of when asserted or by whom), associated with or arising, from (i) any and all
Excluded Liabilities and any and all liabilities, obligations and commitments of
the Sellers, Clare, TUG NY and/or the Selling Shareholders not expressly assumed
by or disclosed to the Purchaser hereunder, (ii) any breach by the Sellers,
Clare, TUG NY or the Selling Shareholders of any representation, warranty or
covenant contained in this Agreement, (iii) the failure of the Sellers, Clare,
TUG NY and/or the Selling Shareholders to perform any other obligation imposed
on such entity or person by this Agreement, and (iv) any employee benefit plan
or policy maintained by or on behalf of the Sellers, Clare, TUG NY and/or the
Selling Shareholders, including any obligation under Section 8.3, at any time
prior to the Closing Date, regardless of whether such Claim is asserted before
or after the Closing Date and regardless of when the Claim arose.

            (b) In the event any director, officer, employee, agent or
      representative of the Purchaser ("Purchaser Representative") is subject to
      a Claim which, if asserted against the Purchaser, would entitle the
      Purchaser to indemnification in accordance with Section 8.4.1(a) hereof,
      such Purchaser Representative or, to the extent that such Purchaser
      Representative's liabilities, obligations or costs in connection with such
      Claim have been borne by the Purchaser, then the Purchaser

<PAGE>

      shall be indemnified by the Sellers in accordance with Section 8.4.1(a)
      hereof, provided that a final determination has been made that such
      Purchaser Representative has not intentionally violated law or acted
      outside the scope of his/her authority in connection with such Purchaser
      Representative's duties, in which event neither the Purchaser nor such
      Purchaser Representative, as the case may be, shall be indemnified
      pursuant to this Section 8.4.1(b).

            (c) Purchaser shall not be entitled to indemnification under this
      Section 8.4.1, unless and until the aggregate amount of all Purchaser's
      Claims exceeds an aggregate amount equal to $100,000 (the "Sellers' Basket
      Amount"). If Purchaser's Claims exceed the Sellers' Basket Amount, then
      the Purchaser shall be entitled to recover the full amount of such
      Purchaser's Claims without regard to the Sellers' Basket Amount.

            (d) Subject to the insurer's maintaining its right of recourse or
      contribution against a person who has caused an injury or damage, the
      amount of any Claims for which indemnification is provided under this
      Section 8.4.1 shall be net of any amounts recovered or recoverable by the
      Purchaser under insurance policies with respect to such Claim.

            8.4.2 INDEMNIFICATION OF THE SELLERS. (a) Subject to Section 11.8,
      the Purchaser shall indemnify the Sellers for and hold them harmless
      against, any Claim asserted against, incurred, or required to be paid by
      the Sellers (regardless of when asserted or by whom), associated with or
      arising, from (i) the failure by the Purchaser to discharge any and all of
      the liabilities, obligations and commitments of the Sellers expressly
      assumed by the Purchaser pursuant to Section 3.1 hereof, (ii) any breach
      by the Purchaser of any representation, warranty or covenant contained in
      this Agreement, and (iii) the failure by the Purchaser to perform any
      obligation imposed on it by this Agreement, related to the foregoing.

            (b) In the event any director, officer, employee, agent or
      representative of the Sellers ("Sellers Representative") is subject to a
      Claim which, if asserted against the Sellers, would entitle the Sellers to
      indemnification in accordance with Section 8.4.2(a) hereof, such Sellers
      Representative or, to the extent that such Sellers Representative's
      liabilities, obligations or costs in connection with such Claim have been
      borne by the Sellers, then the Sellers shall be indemnified by the
      Purchaser in accordance with Section 8.4.2(a) hereof, provided that a
      final determination has been made that such Sellers Representative has not
      intentionally violated law or acted outside the scope of his/her authority
      in connection with such Sellers Representative's duties, in which event
      neither the Sellers nor such Sellers Representative, as the case may be,
      shall be indemnified pursuant to this Section 8.4.2(b).

            (c) The Sellers shall not be entitled to indemnification under this
      Section 8.4.2, unless and until the aggregate amount of all the Sellers'
      Claims

<PAGE>

      exceeds an aggregate amount equal to $100,000 (the "Purchaser's Basket
      Amount"). If the Sellers' Claims exceed the Purchaser's Basket Amount,
      then the Sellers shall be entitled to recover the full amount of such
      Sellers' Claims without regard to the Purchaser's Basket Amount.

            8.4.3 DEFENSE OF CLAIMS. Each party (including the Purchaser or
      Sellers Representative) entitled to indemnification under this Agreement
      (the "Indemnified Party") shall give written notice to the party required
      to provide indemnification (the "Indemnifying Party") promptly after such
      Indemnified Party has actual knowledge of any Claim as to which indemnity
      may be sought, and shall permit the Indemnifying Party (at its expense) to
      assume the defense of any Claim or any litigation resulting therefrom,
      provided that counsel for the Indemnifying Party, who shall conduct the
      defense of such Claim or litigation, shall be reasonably satisfactory to
      the Indemnified Party, and the Indemnified Party may participate in such
      defense, but only at such Indemnified Party's expense, and provided,
      further, that the failure by any Indemnified Party to give notice as
      provided herein shall not relieve the Indemnifying Party of its
      indemnification obligations under this Agreement except to the extent that
      the Indemnifying Party is damaged or otherwise prejudiced as a result of
      the failure to give notice. No Indemnifying Party, in the defense of any
      such Claim or litigation, shall, without the prior written consent of each
      Indemnified Party, consent to entry of any judgment or enter into any
      settlement which imposes any operational restriction on the Logistics
      Business or does not include as an unconditional term thereof the giving
      by the claimant or plaintiff to such Indemnified Party of a release from
      all liability with respect to such Claim or litigation.

            8.4.4 COOPERATION AND ASSISTANCE. The Sellers, Clare, TUG NY and the
      Selling Shareholders shall cooperate fully with the Purchaser and make
      available to the Purchaser as the Purchaser may reasonably request, such
      of the Sellers' employees who are familiar with, and such files and
      records directly relating to, matters described in Section 8.4.2 hereof
      for use by the Purchaser in connection with the investigation and defense
      thereof.

      8.5 CLOSING BALANCE SHEET. The Selling Shareholders shall use their
reasonable best efforts to collect all accounts receivable that will be
reflected on the Closing Balance Sheet. Based upon the audited Closing Balance
Sheet, the parties agree that upon delivery of the final determination of the
Closing Balance Sheet, a net accounts receivable equal to accounts receivable as
set forth on such balance sheet less the allowance for doubtful accounts as set
forth thereon will be calculated (the "Net Receivables"). Within 90 days after
the Closing Date (the "Collection Period"), amounts received by the Purchaser
will be applied to the specific invoice designated by the customer remittance.
In applying any payment made by an account debtor, such payment shall be applied
to any account receivable to which it clearly relates by reason of the amount
thereof, and otherwise, as shall be specified by the customer at the time of the
making thereof or upon subsequent inquiry by the Purchaser. If any dispute
exists, the amount will be applied to the oldest

<PAGE>

outstanding invoice. No invoices that existed on the Closing Date will be
written off as aged accounts during this period. If the amount collected during
the Collection Period is greater than the Net Receivables such surplus shall be
remitted to the Selling Shareholders within 15 days of the end of the Collection
Period. If the amount collected during the Collection Period is less than the
Net Receivables such shortfall shall be offset against earn-out and/or incentive
payments hereunder. The Sellers, Clare and TUG NY shall furnish to the Purchaser
lists of accounts receivable of the logistics business as follows: (i) SCHEDULE
8.5A attached to this Agreement reflecting the accounts receivable of the
Sellers, Clare and/or TUG NY on June 30, 2006; and (ii) SCHEDULE 8.5B to be
delivered to the Purchaser thirty (30) days after the Closing Date, reflecting
the accounts receivable of the Sellers as of the Closing Date.

      8.6 NON-COMPETITION AGREEMENTS. In consideration of the Purchaser agreeing
to enter into this Agreement, the Sellers agree that during the six-year period
commencing on the Closing Date, and in the geographic area of North America and
China, the Sellers shall not:

      (a) establish, acquire or otherwise engage in, directly or indirectly, any
business substantially similar to the Logistics Business;

      (b) solicit or attempt to solicit any customers of the Logistics Business
who were such on the Closing Date with respect to services of the Logistics
Business; or

      (c) solicit or attempt to solicit any salaried employees employed in the
Logistics Business to seek employment other than with the Purchaser.

      Notwithstanding the foregoing, nothing contained in this Agreement is
intended to restrict or otherwise alter the manner in which the Sellers conduct
other businesses. If, at the time of enforcement of any provision of Section 8.6
hereof, a court holds that the restrictions stated therein are unreasonable
under circumstances then existing, the parties hereto agree that the maximum
period, scope, or geographical area reasonable under such circumstances will be
substituted for the stated period, scope or area. In the event of breach by the
Sellers or the Purchaser of any provision of Section 8.6 hereof, respectively,
the other party or its successors or assigns may, in addition to other rights
and remedies existing in its favor, apply to any court of competent jurisdiction
for specific performance and/or injunctive or other relief in order to enforce
or prevent any violations of the provisions thereof.

      8.7 BROKERS AND FINDERS. Neither the Sellers, Clare, TUG NY nor the
Selling Shareholders, nor any officer, director or employee of each, has
engaged, consented to or authorized any broker, investment banker or third party
to act on its behalf, directly or indirectly, as a broker or finder in
connection with the transactions contemplated by this Agreement.

      8.8 CERTAIN EMPLOYEES. The Purchaser agrees that it will employ Messrs.
Lee and Wu of the Sellers' employees at the Logistics Business, on terms and
conditions

<PAGE>

mutually agreeable to the Purchaser and such employees, as set forth in
employment agreements (the "Employment Agreements").

      8.9 ACCESS TO INFORMATION, CONFIDENTIAL TREATMENT. The Sellers, Clare and
TUG NY shall give to the Purchaser and its representatives, and to the lenders
under the Credit Agreement, from and after the date of execution of this
Agreement, during normal business hours on prior notice, reasonable access from
time to time to all of the properties (including warehouses and other leasehold
interests), books, contracts, documents and records of the Logistics Business,
and shall furnish to the Purchaser and its representatives all additional
existing financial and other information with respect to the business and
affairs of the Logistics Business that the Purchaser may reasonably request. The
Purchaser (or the lenders under the Credit Agreement, as applicable) shall
treat, and shall cause its counsel, accountants and other representatives to
treat, all information that it has received under this Section 8.9, if not in
the public domain, as confidential and, if the Closing shall not occur as
provided herein, the Purchaser (or the lenders under the Credit Agreement, as
applicable) shall return to the Selling Shareholders all written information
(and all copies thereof) received by the Purchaser relating to the Purchased
Assets or the Logistics Business. For a period of seven (7) years after the
Closing Date, the Purchaser shall maintain and give to the Sellers and its
representatives, during normal business hours on prior notice, reasonable access
from time to time to all books, contracts, documents and records relating to the
operations of the Logistics Business prior to the Closing. The Sellers, Clare
and TUG NY shall retain possession of any such records which it is required to
retain under applicable law, further, provided, however, that the Sellers, Clare
and TUG NY shall, for a period of seven (7) years after the date of execution of
this Agreement, maintain and give to the Purchaser and its representatives
during normal business hours on prior notice reasonable access (including the
right to photocopy such retained records at the Purchaser's expense) from time
to time to such retained records.

      8.10 CHANGE-IN-CONTROL. In the event that 50% or more of the Common Stock
of the Company or convertible debt of the Company is sold equivalent to the sale
of 50% of the Common Stock of the Company or substantially all of the assets of
the Company are sold, or any similar transaction effecting a change in control
occurs ("Change in Control"), then any unpaid earn-out (in shares or cash),
working capital and other incurred expenses shall be immediately due and payable
and all share restrictions shall lapse and be void; provided, however, the
Selling Shareholders shall receive at a minimum that aggregate share and cash
value of Fifteen Million Five Hundred Thousand Dollars (US$15,500,000) (the
"Sale Amount"), provided further, that in the event the Change-in-Control occurs
before the third (3rd) anniversary, then the Selling Shareholders collectively
receive the pro-rata amount due of such Sale Amount based on the period from the
Closing Date to the date of consummation of such Change-in-Control.
Notwithstanding the foregoing, the Selling Shareholders shall receive the same
price per share paid to purchase the Company Common Stock as the other public
shareholders.

      8.11 NO SHOP; STANDSTILL. The Sellers, Clare and TUG NY and the Selling
Shareholders shall refrain from taking, directly or indirectly, any action to
encourage,

<PAGE>

initiate, solicit or continue any discussions or negotiations with, or any other
offers from, any other Person concerning a sale of assets or stock, a merger or
any similar transaction concerning Sellers which would affect the business of
Sellers and the Purchased Assets or any portion of them.

      8.12 BULK SALES. The Sellers and the Selling Shareholders agree to
cooperate with the Purchaser to effectuate compliance with all applicable "bulk
sales" law or any similar law alleged to be applicable to the sale of the
Purchased Assets or the transactions contemplated by this Agreement, and, upon
receipt of written notice from the Purchaser of the existence thereof, promptly
to take all necessary action to satisfy such claim or liability, including but
not limited to removing or causing to be removed any lien which may be placed on
any of the Purchased Assets by a creditor of the Sellers.

      8.13 PRO FORMAS. Sellers shall deliver, on or prior to the date of the
execution of this Agreement, to the Purchaser the preliminary financial
statements consisting of unaudited balance sheets of the Seller and its
subsidiaries, including Clare and TUG NY and the related statement of operations
without any auditor's report or any disclosures for the same periods required of
the Financial Statements (the "Clare and TUG NY Pro Forma").

      8.14 REAL PROPERTY LEASES. The Selling Shareholders shall use their best
efforts to transfer the real property leases to the Purchaser.

      8.15 FINANCIALS. Selling Shareholders shall deliver to the Purchaser the
preliminary financial statements consisting of unaudited balance sheets of the
Sellers and each of Clare and TUG NY and the related statement of operations
without any auditor's report or any disclosures for the period then ended on the
date hereof (the "TUG Pro Forma").

      8.16 COOPERATION. The Purchaser, the Sellers, Clare and TUG NY, and the
Selling Shareholders agree to use their reasonable best efforts to cooperate,
negotiate in good faith and mitigate any damages associated with: (i) the
assignment of the insurance polices set forth on Schedule 3.1(i); (ii) the
reconciliation of the liabilities in the Post Closing Audit; and (iii) the
obtaining of such third party documents as landlord agreements and deposit
account control agreements and similar documents as the lenders under the Credit
Agreement may require pursuant to the Credit Agreement. The Purchaser, the
Sellers, Clare and TUG NY and the Selling Shareholders agree to use reasonable
best efforts to affect the transfer of all Transferable Governmental Permits and
to secure all new Permits in place of Non-Transferable Governmental Permits. The
parties agree to use their best efforts to effectuate the terms of this
Agreement.

      8.17 ACCOUNTS PAYABLE. The Sellers, Clare and TUG NY shall furnish to the
Purchaser lists of accounts payable and accrued expenses of the Logistics
Business as follows: (1) SCHEDULE 8.17A attached to this Agreement reflecting
the accounts payable and settlement register (subject to month end adjustments)
of the Sellers on the date hereof, and (ii) SCHEDULE 8.17B to be the delivered
to the Purchaser on the Closing Date

<PAGE>

reflecting the accounts payable and settlement register subject to month-end
adjustments of the Sellers on such date.

      8.18 REGISTRATION OF SHARES. The Company shall file a registration
statement with the Securities and Exchange Commission on Form SB or other
appropriate form to register the resale of the Selling Shareholders' Shares
issued at the Closing.

      8.19 SECURITIES LAW REQUIREMENTS. Sellers, Clare and TUG NY shall promptly
furnish to Purchaser all information concerning each of them as Purchaser may
reasonably request in connection with the preparation of the Company's current
report on form 8-K relating to the Merger and the Company's registration
statement on Form SB-2 contemplated hereby (the "SEC Filings"). The information
provided by the Company for inclusion in the SEC Filings shall not, at the time
of each of the SEC Filings is filed with the SEC and in the case of the
registration statement at the time it becomes effective under the Securities
Act, contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary in order to make the
statements therein not misleading.

      8.20 CERTAIN FILINGS. Sellers, Clare and TUG NY shall cooperate with
Purchaser with respect to all filings with governmental authorities that are
required to be made by Seller to carry out the transactions contemplated by this
Equity Purchase Agreement. Seller shall assist Purchaser in making all such
filings, applications and notices as may be necessary or desirable in order to
obtain the authorization, approval or consent of any governmental authority
which may be reasonably required or which Purchaser may reasonably request in
connection with the consummation of the transactions contemplated hereby.
Without limiting the generality of the foregoing, if the transactions
contemplated hereby are subject to the Hart-Scott-Rodina Act, the parties hereto
shall promptly and in good faith file or cause to be filed the appropriate
notifications with respect to the Merger and such transactions, respond to any
requests for additional information and documents and provide the necessary
information and make the necessary filings under such Act.

      8.21 NOTIFICATION OF CERTAIN MATTERS. Sellers, Clare and TUG NY shall
promptly notify Purchaser of (i) the occurrence or non-occurrence of any fact or
event of which Selling Shareholders, or each of Seller, Clare or TUG NY, has
knowledge which would be reasonably likely (A) to cause any representation or
warranty of Seller contained in this Agreement to be untrue or incorrect in any
material respect at any time from the date hereof to the Closing or (B) to cause
any covenant, condition or agreement of Seller in this Agreement not to be
complied with or satisfied in any material respect and (ii) any failure of
Sellers, Clare and TUG NY to comply with or satisfy any covenant, condition or
agreement to be complied with or satisfied by it hereunder in any material
respect; provided, however, that no such notification shall affect the
representations or warranties of Sellers, Clare and TUG NY, or the right of
Purchaser to rely thereon, or the conditions to the obligations of Purchaser, or
the remedies available hereunder to Purchaser. The Sellers, Clare and TUG NY
shall give prompt notice to Purchaser of any notice or other communication from
any third Person alleging that the consent of such third Person is or may be
required in connection with the transactions contemplated by

<PAGE>

this Agreement.

      8.22 SECTION 338(H)(10) ELECTION. If the Purchaser elects to make, or not
make, an election under Section 338(h)(10) of the Code (and any corresponding
election under state, local, and foreign law) with respect to the purchase of
the stock of Clare and/or TUG NY, each of the Selling Shareholders and TUG
Companies shall join with the Purchaser in making, or not making, as applicable,
such election, and shall file all tax returns in accordance therewith. For each
entity for which such election is made, the Purchaser and the Selling
Shareholders shall agree to a purchase price allocation which the Selling
Shareholders will provide to the Purchaser, subject to the Purchaser's approval,
on or prior to the Closing Date, and each of the Selling Shareholders and the
Purchaser shall file all tax returns in accordance with such allocation, as
modified with the Purchaser's approval, including IRS Form 1060.

                                   ARTICLE IX

                   CONDITIONS TO OBLIGATIONS OF THE PURCHASER

      The obligation of the Purchaser to consummate the transactions
contemplated by this Agreement shall be subject to the fulfillment at or prior
to the Closing of each of the following conditions unless such condition is
specifically waived by Purchaser in writing:

      9.1 REPRESENTATIONS AND WARRANTIES. All representations and warranties of
the Sellers, Clare and TUG NY and the Selling Shareholders contained in this
Agreement shall be true and correct in all material respects at and as of the
Closing, with the same force and effect as though made at and as of the Closing
except for such representations and warranties which speak to a date other than
the Closing Date.

      9.2 COVENANTS. All covenants in favor of the Purchaser, are in full force
and effect as of the date hereof and as of the Closing and the Sellers, Clare
and TUG NY and the Selling Shareholders know of no reason that such covenants
can not be fully complied with by the Sellers, Clare and TUG NY and/or the
Selling Shareholders in accordance with the terms of this Agreement.

      9.3 PERFORMANCE; NO DEFAULT. The Sellers, Clare and TUG NY and the Selling
Shareholders shall have performed, observed and complied with all the
obligations and conditions required by this Agreement to be performed, observed
or complied with by it at or prior to the Closing in all material respects.

      9.4 COMPLIANCE CERTIFICATE. The Sellers, Clare and TUG NY shall have
delivered to the Purchaser their certificate, dated the Closing Date, executed
on its behalf by their respective duly authorized representatives, as to the
fulfillment of the conditions set forth in Sections 9.1 and 9.2 hereof.

      9.5 OPINION OF COUNSEL. The Purchaser, and the agent for the lenders under
the Credit Agreement, shall have received a favorable opinion from (i) Cecilia
Yu, counsel

<PAGE>

for the Sellers, Clare and TUG NY with respect to the laws of the State of
California, and (ii) special counsel for the Sellers, Clare and TUG NY with
respect to the laws of the State of Florida and New York in all respects
satisfactory to counsel for the Purchaser.

      9.6 PERMITS, ETC. All consents, approvals, permits, estoppel certificates
and/or waivers from governmental authorities and all other Persons necessary to
effectuate the transactions contemplated by this Agreement to permit the
continuation in effect of all Transferable Governmental Permits shall have been
obtained.

      9.7 NO MATERIAL ADVERSE CHANGE. No material adverse change in the
business, properties or assets or in the financial condition of the Sellers,
Clare or TUG NY shall have occurred from the date of this Agreement through the
date of the Closing.

      9.8 ABSENCE OF LITIGATION. There shall be no pending or threatened claim,
action, litigation, suit or other proceeding, either judicial or administrative
against the Purchaser with respect to the Sellers, Clare and TUG NY or the
Selling Shareholders or the Purchased Assets, for the purpose of enjoining or
preventing the consummation of this Agreement or otherwise claiming that this
Agreement or its consummation is improper or which would materially adversely
affect the benefit to the Purchaser of the transactions contemplated by this
Agreement.

      9.9 DUE DILIGENCE. Representatives of the Purchaser, and representatives
of the lenders under the Credit Agreement, as arranged through the Purchaser,
shall have been allowed to visit with the owners and/or managers of entities
which are parties to this Agreements in a manner reasonably satisfactory to the
Purchaser and conduct such additional due diligence relating to material issues
of the Sellers and their businesses including but not limited to environmental
matters, which the Purchaser shall have elected to undertake and such due
diligence shall have been completed to the Purchaser's satisfaction and the
Purchaser shall not have elected in its sole discretion to terminate this
Agreement.

      9.10 EMPLOYMENT AGREEMENTS. The Purchaser shall have received executed
Employment Agreements, in the form attached as Exhibit D, from the designated
Key Employees, as set forth in Schedule 10.11.

      9.11 BILL OF SALE. The Purchaser shall have received from each of the
Sellers a Bill of Sale executed by the respective Seller.

      9.12 PAYOFF STATEMENTS AND RELEASES. The Sellers shall have provided the
Purchaser with evidence, reasonably acceptable to the Purchaser (the "Payoff
Statements"), from each of the parties listed below, that the payment of the
amount set forth in each such Payoff Statement shall be (i) sufficient to
constitute payment in full of the amount owed to such party by the Sellers
and/or the Selling Shareholders, and (ii) release any lien, encumbrance or other
charge held by such party against any of the Purchased Assets.

<PAGE>

      9.13 ASSIGNMENT AND ASSUMPTION OF THE REAL PROPERTY LEASES. The Sellers
and the Purchaser shall have received all consents required to enable the
Sellers to assign the Real Property Leases to the Purchaser, and for the
Purchaser to assume all of the Sellers' obligations thereunder which arise after
the Closing, and the personal guarantees of each of the Sellers and the Selling
Shareholders, as the case may be, shall have been released.

      9.14 ASSIGNMENT AND ASSUMPTION OF CONTRACTS. The Sellers and the Purchaser
shall have received all consents required to enable the Sellers to assign the
Contracts to the Purchaser, and for the Purchaser to assume all of the Sellers'
obligations thereunder which arise after the Closing, and the personal
guarantees of each of the Sellers and the Selling Shareholders, as the case may
be, shall have been released.

      9.15 CONSENTS. The Purchaser shall have received all consents required to
enable the Sellers to assign to the Purchaser all contracts, or leases to be
assigned pursuant hereto.

      9.16 The Selling Shareholders have each delivered to Purchaser:

            (i) STOCK CERTIFICATES. Stock certificates duly endorsed in
      appropriate form for transfer and such instruments of transfer, stock
      powers, assignments and other instruments and documents as Brown Rudnick
      Berlack Israels LLP, attorneys for Purchaser, may reasonably require as
      necessary or desirable for transferring and assigning to Purchaser good
      and marketable title to the Shares to be conveyed hereunder, free of all
      mortgages, liens, pledges, security interests, claims and encumbrances of
      any nature.

            (ii) CORPORATE BOOKS OF THE SELLERS AND EACH OF CLARE AND TUG NY.
      Original minute books (including certified copies of the constitutional
      documents and all amendments thereto), membership/share certificate books
      and ledgers, corporate seals and all other books of the Sellers, Clare and
      TUG NY.

            (iii) RESIGNATIONS. Resignations of all directors and officers of
      each of Clare and TUG NY.

            (iv) LETTERS REGARDING MONEY BORROWED. A letter from each person,
      entity, bank or other financial institution from which each of Clare and
      TUG NY or any Seller has borrowed money, dated the Closing date, stating
      the amount of their indebtedness to it on the Closing date.

            (v) CERTIFICATES. (i) copies, certified as true and complete by an
      officer of each of Clare and TUG NY of the constitutional documents
      thereof; (ii) certificate of the Secretary of each of Clare and TUG NY
      certifying that the Selling Shareholders legally and beneficially owns all
      of the authorized, issued and outstanding capital stock of each of Clare
      and TUG NY; and (iii) good standing certificates of each of Clare and TUG
      NY.

      9.17 FINANCING DOCUMENTS. The Financing Documents and the Merger

<PAGE>

Agreement shall have been executed.

      9.18 VOTING AGREEMENT AND TUG LOCKUP AGREEMENT. The Selling Shareholder
shall have executed the Voting Agreement and TUG Lockup Agreement.

      9.19 CERTIFICATE AS TO SATISFACTION OF CONDITIONS. The Purchaser shall
have received certificate(s) of each Selling Shareholder and of a duly
authorized officer of Clare, TUG NY, and each Seller, dated the Closing Date, in
form reasonably acceptable to Purchaser, certifying to the Purchaser, and such
other Persons as Purchaser may designate, that all conditions set forth in
Article X (Conditions to Obligations of Sellers) hereof have been satisfied OR
WAIVED, other than the making of the disbursements specified in Section 2.3
(Disbursement of Purchase Price) and Schedule 2.3 hereof.

                                    ARTICLE X

                    CONDITIONS TO OBLIGATIONS OF THE SELLERS

      The obligation of the Sellers and the Selling Shareholders to consummate
the transactions contemplated by this Agreement shall be subject to the
fulfillment at or prior to the Closing of each of the following conditions,
unless such condition is specifically waived by Purchaser in writing at or prior
to the Closing:

      10.1 REPRESENTATIONS AND WARRANTIES. All representations and warranties of
the Purchaser contained in this Agreement shall be true and correct in all
material respects at and as of the Closing, with the same force and effect as
though made at and as of the Closing except for such representations and
warranties which speak to a date other than the Closing Date.

      10.2 PERFORMANCE, NO DEFAULT. The Purchaser shall have performed, observed
and complied with all the obligations and conditions required by this Agreement
to be performed, observed or complied with by it at or prior to the Closing.

      10.3 COMPLIANCE CERTIFICATE. The Purchaser shall have delivered to the
Sellers its certificate, dated the Closing Date, executed on its behalf by Chief
Financial Officer and Senior Vice President, as to the fulfillment of the
conditions set forth in Sections 10.1 and 10.2 hereof.

      10.4 OPINION OF COUNSEL. The Sellers shall have received a favorable
opinion from Brown Rudnick Berlack Israels LLP, counsel for the Purchaser, dated
the Closing Date, and in all respects satisfactory to counsel for the Sellers.

      10.5 GOVERNMENTAL APPROVAL, ETC. All authorizations, consents or approvals
of any and all governmental regulatory authorities necessary in connection with
the consumption of the Closing shall have been obtained and be in full force and
effect.

      10.6 PAYMENT OF THE CASH PURCHASE PRICE. The Purchaser shall have paid the

<PAGE>

Share Purchase Price and the Initial Consideration, and delivered the TUG
Restricted Stock subject to the TUG Lockup Agreement and Voting Agreement, to
the Selling Shareholders in ACCORDANCE WITH THEIR INSTRUCTIONS.

      10.7 ASSIGNMENT AND ASSUMPTION OF THE REAL PROPERTY LEASES. The Sellers
and the Purchaser shall have received all consents required to enable the
Sellers to assign the Real Property Leases to the Purchaser, and for the
Purchaser to assume all of the Sellers' obligations thereunder which arise after
the Closing, and the personal guarantees of each of the Sellers and the Selling
Shareholders, as the case may be, shall have been released.

      10.8 ASSIGNMENT AND ASSUMPTION OF THE CONTRACTS AND LEASES. The Sellers
and the Purchaser shall have received all consents required to enable the
Sellers to assign the Contracts and Leases, including lease deposits, to the
Purchaser, and for the Purchaser to assume all of the Sellers' obligations
thereunder which arise after the Closing, and the personal guarantees of each of
the Sellers and the Selling Shareholders, as the case may be, shall have been
released.

      10.9 RECEIPT OF CONSENTS. The Sellers shall have received all consents
required to enable the Sellers to assign to the Purchaser all contracts, or
leases to be assigned pursuant hereto.

      10.10 ASSUMPTION OF LIABILITIES. The Sellers shall have received from the
Purchaser the Assumption Agreement executed by the Purchaser.

      10.11 EMPLOYMENT AGREEMENTS. The Selling Shareholders shall have received
executed Employment Agreements, in the form attached as Exhibit D, from the
designated Key Employees, set forth in SCHEDULE 10.11.

      10.12 FINANCING DOCUMENTS. The Financing Documents and the Merger
Agreement shall have been executed.

      10.13 ACQUISITION OF FMI BY MLI. MLI will have acquired prior to the
Closing, FMI.

      10.14 BONUS CONTRACTS. The Purchaser and certain employees shall execute
two bonus contracts for each of the New York office and the Los Angeles and
Miami offices together as set forth in Exhibit E.

                                   ARTICLE XI

                                  MISCELLANEOUS

      11.1 AMENDMENT. The Selling Shareholders and the Purchaser may amend or
modify this Agreement only by a written instrument executed by all parties
hereto.

<PAGE>

      11.2 WAIVER. The Purchaser may waive compliance by the Sellers with any of
the conditions set forth in Section 9 hereof, and the Sellers may waive
compliance by the Purchaser with any of the conditions set forth in Section 10
hereof, provided in each case that any such waiver shall be in writing signed by
the party granting such waiver.

      11.3 TERMINATION. (a) This Agreement may be terminated at any time by the
mutual agreement of the Sellers and the Purchaser, provided such termination is
set forth in writing and executed by both parties. In the event of any such
termination, neither party shall have any liability to the other in respect of
this Agreement.

      (b) This Agreement may be terminated by either party in the event of a
material breach by the other party, upon the giving of sixty (60) days prior
written notice setting forth such breach. However, if such breach shall be
cured, or all necessary action to cure such breach shall promptly and diligently
pursued, in the sole judgment of the non-breaching party, within such sixty (60)
day period, then such notice shall be deemed withdrawn and of no further effect.

      (c) This Agreement may be terminated by either the Sellers or the
Purchaser if the Closing does not occur on or prior to December 31, 2006.

      11.4 BEST EFFORTS. Each of the parties shall use its reasonable best
efforts to fulfill as soon as practicable after the date hereof the conditions
specified in Sections 9 and 10 hereof applicable to such party which are
dependent upon such party's action or forbearance.

      11.5 SUBMISSION TO JURISDICTION. The parties hereby irrevocably and
unconditionally submit to the exclusive jurisdiction of any court of the State
of New York or Federal court of the United States of America sitting in New York
County, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and parties hereby
irrevocably and unconditionally agree that all claims in respect of any such
action or proceeding may be heard and determined in such New York State or, to
the extent permitted by law, in such Federal court. The parties agree that a
final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. Subject to the foregoing and to the paragraph below, nothing in
this Agreement shall affect any tight that any party may otherwise have to bring
any action or proceeding relating to this Agreement against the other party in
the courts of any jurisdiction. The parties hereby irrevocably and
unconditionally waive, to the fullest extent it may legally and effectively do
so, any objection which it may now or hereafter have to the laying of venue of
any suit, action or proceeding arising out of or relating to this Agreement in
any New York State or Federal court sitting in New York County and the defense
of an inconvenient forum to the maintenance of such action or proceeding in any
such court and any immunity from jurisdiction of any court or from any legal
process with respect to the party or its property. The parties agree that
service of process may be made on it by personal service of a copy of the
summons and complaint or other legal process in any such suit, action or
proceeding, or by registered or certified mail (postage

<PAGE>

prepaid) to its address specified in Section 11.7, or by any other method of
service provided for under the applicable laws in effect in the applicable
jurisdiction. THE PARTIES IRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY
ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR
OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF
NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF.

      11.6 EXPENSES. Each party hereto shall assume and bear all expenses, costs
and fees incurred or assumed by such party in the preparation and execution of
this Agreement, whether or not the transactions contemplated hereby shall be
consummated. The Selling Shareholders shall pay the fees and expenses of
Freidman LLP and their affiliates which shall be reimbursed by the Company upon
Closing up to a maximum of One Hundred Fifty Thousand United States Dollars
(US$150,000).

      11.7 NOTICES. Any notice to a party hereto pursuant to this Agreement
shall be given by personal delivery or mailed via certified or registered mail,
return receipt requested, addressed,

                  (i)    if to the Purchaser:

                         Dolphin US Logistics Inc.
                         547 Boulevard
                         Kenilworth, New Jersey
                         Attention: Robert A. Agresti

                         with a copy to:

                         Brown Rudnick Berlack Israels LLP
                         7 Times Square
                         New York, NY 10036
                         Attn: Raymer W. McQuiston

                  (ii)   if to the Sellers:

                         c/o Robert Lee
                         TUG Logistics, Inc.
                         17971 Arenth Avenue
                         City of Industry, CA 91748

                         c/o Robert Wu
                         TUG Logistics, Inc.
                         17971 Arenth Avenue
                         City of Industry, CA 91748

                         with a copy to:

<PAGE>

                         Law Office of Cecilia L. Yu & Associates
                         17800 Castleton Street, Suite 415
                         City of Industry, CA 91748
                         Attn: Cecilia L. Yu

                  (iii)  If to the Selling Shareholders:

                         TUG Logistics, Inc.
                         17971 Arenth Avenue
                         City of Industry, CA 91748
                         Attn: Robert Lee

                         TUG Logistics, Inc.
                         17971 Arenth Avenue
                         City of Industry, CA 91748
                         Attn: Robert Wu

                         with a copy to:

                         Law Office of Cecilia L. Yu & Associates
                         17800 Castleton Street, Suite 415
                         City of Industry, CA 91748
                         Attn: Cecilia L. Yu

and shall be deemed delivered when actually received if personally delivered or
five days after having been placed in the mails so addressed with postage
prepaid. The parties shall hereafter notify the other in accordance herewith of
any change of address to which notice is required to be mailed.

      11.8 SUCCESSORS SURVIVAL. This Agreement shall inure to the benefit of,
and be binding on and enforceable against, the successors and assigns of the
respective parties hereto. The representations and warranties made by the
Purchaser, the Sellers and the Selling Shareholders shall survive the Closing
and continue for four years.

      11.9 ASSIGNMENT. This Agreement may not be assigned by either party hereto
without the prior written consent of the other party, provided that the
Purchaser may assign this Agreement to a company controlled by, under common
control with, or in control of, the Purchaser upon the giving of written notice
of such assignment to the Sellers; and also that the Purchaser may collaterally
assign its indemnification and other rights under this agreement to the agent
for the lenders under the Credit Agreement. Following any assignment the
assignor shall have no further liability or obligation to the Sellers.

      11.10 COUNTERPARTS. This Agreement may be executed in any number of
counterparts which together shall constitute one and the same document.

<PAGE>

      11.11 GOVERNING LAW. This Agreement shall be construed and enforced in
accordance with and governed by the laws of the State of New York.

      11.12 HEADINGS. The section headings contained in this Agreement are
intended solely for convenience of reference and shall be given no effect in the
construction or interpretation of this Agreement.

      11.13 PUBLICITY. No publicity release or announcement concerning this
Agreement or the transactions contemplated hereby shall be made without advance
approval thereof by the Sellers and the Purchaser.

      11.14 CONFIDENTIALITY. If the transactions contemplated by this Agreement
are not consummated, the parties will not use or disclose, and will use their
reasonable best efforts to prevent their respective employees, agents or
representatives from using or disclosing, to any third parties (except to the
extent publicly-available or obtainable from independent sources) any trade
secrets or proprietary information obtained from the other party in connection
with the negotiation of, and the performance under, this Agreement. The
Purchaser may disclose this Agreement to investors and the Securities and
Exchange Commission.

      11.15 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
and supersedes all prior agreements and understandings, both written and oral,
between the parties with respect to the subject matter hereof.

      11.16 NO THIRD PARTY BENEFICIARIES. No provision of this Agreement shall
create nor confer upon any person and third party beneficiary rights or
otherwise.

                [REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK]

<PAGE>

      IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
by their duly authorized officers as of the day and year first above written.

DOLPHIN US LOGISTICS INC.                     TUG LOGISTICS, INC.

By:______________________________             By:_______________________________
   Name:                                      Name:
   Title:                                     Title:

GLARE LOGISTICS INC.                          TUG LOGISTICS (MIAMI), INC.

By:______________________________             By:_______________________________
   Name:                                      Name:
   Title:                                     Title:

CLARE FREIGHT, LOST ANGELES, INC.             TUG NEW YORK, INC.

By:______________________________             By:_______________________________
   Name:                                      Name:
   Title:                                     Title:

_________________________________             __________________________________
Robert Wu, as Selling Shareholder             Robert Lee, as Selling Shareholder

_________________________________             __________________________________
Wang Dong                                     Han Huy Ling

_________________________________
Di WangExhibit 10.16

                                                               EXECUTION VERSION

                            EQUITY PURCHASE AGREEMENT

                                     BETWEEN

                       THE PARTIES SET FORTH IN SCHEDULE A

                                       AND

                       MARITIME LOGISTICS US HOLDINGS INC.

                             Dated: October 23, 2006

<PAGE>

      EQUITY PURCHASE AGREEMENT (this "Equity Purchase Agreement"), dated
October 23, 2006, between Maritime Logistics US Holdings Inc., a Delaware
corporation ("Purchaser"), FMI Holdco I, LLC, a Delaware limited liability
company ("FMI Holdco"), and each of the Sellers set forth in SCHEDULE A (each a
"Seller" and collectively the "Sellers").

                                    RECITALS

      WHEREAS, Purchaser intends to be acquired by a public company ("PubCo")
pursuant to a merger (the "Merger") with a wholly-owned subsidiary of PubCo and
Purchaser; and

      WHEREAS, immediately following the closing of the Merger, PubCo shall
enter into (i) that certain securities purchase agreement (the "Convertible
Notes Purchase Agreement") by and among PubCo and the convertible noteholders
which are parties thereto (the "Convertible Noteholders"), pursuant to which
PubCo shall issue senior secured convertible notes due 2011 (the "Convertible
Notes") and warrants (the "Note Warrants") exercisable to purchase shares of
common stock (the "Common Stock") of PubCo, the proceeds of which offering shall
finance a portion of the purchase price of FMI Blocker, Inc. ("FMI Blocker") and
all of the outstanding membership interests of FMI Holdco not owned by FMI
Blocker (such membership interests, together with the outstanding equity
securities of FMI Blocker, the "FMI Equity"); (ii) that certain registration
rights agreement (the "Registration Rights Agreement") between the Convertible
Noteholders and PubCo in respect of the registration of the Common Stock
underlying the Convertibles Notes and the Common Stock underlying the Note
Warrants; (iii) the management restricted stock agreement, by and among members
of PubCo's management and PubCo (the "Restricted Stock Agreement"); (iv) that
certain securities purchase agreement (the "Senior Notes Purchase Agreement") by
and among PubCo and the senior noteholders which are parties thereto (the
"Senior Noteholders"), pursuant to which PubCo shall issue senior secured notes
due 2011 (the "Senior Notes"), the proceeds of which offering shall finance a
portion of the purchase price of the FMI Equity; (v) the credit agreement (the
"Credit Agreement") between PubCo and lender(s) which are parties thereto (the
"Lenders"), pursuant to which the Lenders shall finance a portion of the
purchase price of the FMI Equity; (vi) the securities purchase agreement (the
"PIPE Purchase Agreement"), by and among PubCo and the buyers listed in SCHEDULE
C attached thereto (the "PIPE Buyers") pursuant to which PubCo agrees to issue
and deliver to each PIPE Buyer the Common Stock (the "PIPE Common Stock") and
warrants (the "PIPE Warrants"), which will be exercisable to purchase shares of
Common Stock, and proceeds from the PIPE Buyers shall be used to finance the
remaining portion of the purchase price of the FMI Equity; (vii) the voting
agreement (the "Voting Agreement") between PubCo and certain holders of the
Common Stock (the "Stockholders"), providing for the agreement of the
Stockholders to vote their respective Common Stock as provided therein; and
(viii) and other ancillary documents related to the transactions contemplated
hereby (collectively, the "Transactions"); and

      WHEREAS, immediately following the Merger and simultaneously with the
Transactions, Purchaser desires to acquire the FMI Equity and each of the
Sellers desires, respectively, to sell to Purchaser, one hundred percent (100%)
of the issued and outstanding

                                       1
<PAGE>

shares of all the capital stock of FMI Blocker and the equity interests of FMI
Holdco I, LLC held by each of ACAS Equity Holdings Corp., FMI Inc., FMI Group,
LLC, Indosuez CMII, Inc. and Indosuez Capital Partners 2003, L.L.P.,
respectively; and

      WHEREAS, the parties agree to ensure that all Indebtedness (as defined in
Section 3.37) of FMI Holdco existing at Closing other than the capitalized
leases and letters of credit set forth on SCHEDULE 3.37 (the "Indebtedness and
Other Contracts") are paid at Closing.

      NOW, THEREFORE, in consideration of the mutual representations,
warranties, covenants and agreements set forth herein, Purchaser and Sellers
hereby agree as follows:

                                    ARTICLE I
                         AGREEMENT TO SELL AND PURCHASE

      On the date of the Closing (as defined below), Purchaser shall pay to the
Sellers, in the aggregate, One Hundred Fourteen Million United States Dollars
(US $114,000,000) (the "Cash Purchase Price") and issue the number of shares of
the Common Stock that, immediately following the Reverse Stock Split (as defined
below), will represent One Million Three Hundred Seventeen Thousand Five Hundred
(1,317,500) shares (collectively, "Total Purchase Price") in exchange for all
the issued and outstanding FMI Equity. The number of shares of Common Stock
issued as a portion of the Total Purchase Price gives effect to a reverse stock
split that will occur approximately one month after the Closing more completely
described in that certain private placement memorandum relating to the sale of
securities to the PIPE Buyers dated October 23, 2006 (the " PPM") which reverse
split results in the capitalization set forth therein after giving effect to the
Reorganization, the Acquisitions and the Financings (as defined therein) (the
"Reverse Stock Split"). The Total Purchase Price shall be paid and issued to the
Representative (as defined in Section 8.14).

      A. FMI BLOCKER, INC.

      1.1 AGREEMENT TO SELL AND PURCHASE. Subject to the terms and conditions
hereinafter set forth, each of the stockholders of FMI Blocker, Inc., as listed
in SCHEDULE 2.1, hereby sells one hundred percent (100%) of the issued and
outstanding capital stock of FMI Blocker, Inc. (the "FMI Blocker Shares")
legally and beneficially owned by each of the stockholders of FMI Blocker, Inc.
as set out in SCHEDULE 2.1-2, to Purchaser, and Purchaser hereby purchases the
FMI Blocker Shares from each of the stockholders of FMI Blocker, Inc., pursuant
to the terms and conditions of this Equity Purchase Agreement (the "FMI Blocker
Sale").

      1.2 SHARES TO BE TRANSFERRED. At the Closing, each of the stockholders of
FMI Blocker, Inc. shall sell, transfer, assign and deliver to Purchaser, and
Purchaser shall purchase, for the consideration hereinafter provided, the FMI
Blocker Shares, free and clear of all mortgages, liens, pledges, security
interests, claims and encumbrances of any nature.

      1.3 CONSIDERATION FOR FMI BLOCKER SHARES. The aggregate consideration
(hereinafter referred to as the "FMI Blocker Purchase Price") to be paid by
Purchaser to the stockholders of FMI Blocker, Inc. for the FMI Blocker Shares to
be transferred hereunder as of the Closing shall

                                       2
<PAGE>

be determined in accordance with the Second Amended and Restated Operating
Agreement of FMI Holdco I, LLC (the "FMI Operating Agreement") and paid by the
Representative to the stockholders of FMI Blocker promptly following the
Closing.

      1.4 PAYMENT OF THE FMI BLOCKER PURCHASE PRICE. At the Closing, Purchaser
shall pay to the Representative on behalf of each of the stockholders of FMI
Blocker, Inc. in immediately available funds the cash component of the FMI
Blocker Purchase Price and cause to be transferred on the records of the
transfer agent of PubCo the Common Stock component of the FMI Blocker Purchase
Price.

      B. INDOSUEZ CMII, INC.

      1.1 AGREEMENT TO SELL AND PURCHASE. Subject to the terms and conditions
hereinafter set forth, Indosuez CMII, Inc. hereby sells 101,240 Common B Units
of FMI Holdco, which constitutes one hundred percent (100%) of the issued and
outstanding membership interests of FMI Holdco (the "Indosuez CMII Units")
legally and beneficially owned by Indosuez CMII, Inc., to Purchaser, and
Purchaser hereby purchases the Indosuez CMII Units from Indosuez CMII Inc.,
pursuant to the terms and conditions of this Equity Purchase Agreement (the
"Indosuez CMII Sale").

      1.2 UNITS TO BE TRANSFERRED. At the Closing, Indosuez CMII Inc. shall
sell, transfer, assign and deliver to Purchaser, and Purchaser shall purchase,
for the consideration hereinafter provided, the Indosuez CMII Units, free and
clear of all mortgages, liens, pledges, security interests, claims and
encumbrances of any nature.

      1.3 CONSIDERATION FOR THE INDOSUEZ CMII UNITS. The aggregate consideration
(hereinafter referred to as the "Indosuez CMII Purchase Price") to be paid by
Purchaser to Indosuez CMII Inc. for the Indosuez CMII Units to be transferred
hereunder as of the Closing shall be determined in accordance with the FMI
Operating Agreement and paid by the Representative to Indosuez CMII Inc.
promptly following the Closing.

      1.4 PAYMENT OF THE INDOSUEZ CM II PURCHASE PRICE. At the Closing,
Purchaser shall pay to the Representative on behalf of Indosuez CM II in
immediately available funds the cash component of the CMII Purchase Price and
cause to be transferred on the records of the transfer agent of PubCo the Common
Stock component of the CMII Purchase Price.

      C. INDOSUEZ CAPITAL PARTNERS 2003, L.L.C.

      1.1 AGREEMENT TO SELL AND PURCHASE. Subject to the terms and conditions
hereinafter set forth, Indosuez Capital Partners 2003, L.L.C. hereby sells
227,732 Series A-B Preferred Units, 833,000 PIK Preferred Units and 262,626
Common B Units of FMI Holdco, which constitute one hundred percent (100%) of the
issued and outstanding membership units of FMI Holdco (the "Indosuez Capital
Units") legally and beneficially owned by Indosuez Capital Partners 2003,
L.L.C., to Purchaser, and Purchaser hereby purchases the Indosuez Capital Units
from Indosuez Capital Partners 2003, L.L.C., pursuant to the terms and
conditions of this Equity Purchase Agreement (the "Indosuez Capital Sale").

                                       3
<PAGE>

      1.2 UNITS TO BE TRANSFERRED. At the Closing, Indosuez Capital Partners
2003, L.L.C. shall sell, transfer, assign and deliver to Purchaser, and
Purchaser shall purchase, for the consideration hereinafter provided, the
Indosuez Capital Units, free and clear of all mortgages, liens, pledges,
security interests, claims and encumbrances of any nature.

      1.3 CONSIDERATION FOR THE INDOSUEZ CAPITAL UNITS. The aggregate
consideration (hereinafter referred to as the "Indosuez Capital Purchase Price")
to be paid by Purchaser to Indosuez Capital Partners 2003, L.L.C. for the
Indosuez Capital Units to be transferred hereunder as of the Closing shall be
determined in accordance with the FMI Operating Agreement and paid by the
Representative to Indosuez Capital Partners 2003, L.L.C. promptly following the
Closing.

      1.4 PAYMENT OF THE INDOSUEZ CAPITAL PURCHASE PRICE. At the Closing,
Purchaser shall pay to the Representative on behalf of Indosuez Capital Partners
2003, L.L.C. in immediately available funds the cash component of the Indosuez
Capital Purchase Price and cause to be transferred on the records of the
transfer agent of PubCo the Common Stock component of the Indosuez Capital
Purchase Price.

      D. ACAS EQUITY HOLDINGS CORP.

      1.1 AGREEMENT TO SELL AND PURCHASE. Subject to the terms and conditions
hereinafter set forth, ACAS Equity Holdings Corp. hereby sells 137,554 Class A-1
Junior Preferred Units, 93,224 Series A-A Preferred Units, 180,000 Series A-B
Preferred Units, 1,000,000 PIK Preferred Units and 626,085 Common A Units of FMI
Holdco, which constitute one hundred percent (100%) of the issued and
outstanding membership units of FMI Holdco (the "ACAS Units") legally and
beneficially owned by ACAS Equity Holdings Corp., to Purchaser, and Purchaser
hereby purchases the ACAS Units from ACAS Equity Holdings Corp., pursuant to the
terms and conditions of this Equity Purchase Agreement (the "ACAS Sale").

      1.2 UNITS TO BE TRANSFERRED. At the Closing, ACAS Equity Holdings Corp.
shall sell, transfer, assign and deliver to Purchaser, and Purchaser shall
purchase, for the consideration hereinafter provided, the ACAS Units, free and
clear of all mortgages, liens, pledges, security interests, claims and
encumbrances of any nature.

      1.3 CONSIDERATION FOR THE ACAS UNITS. The aggregate consideration
(hereinafter referred to as the "ACAS Purchase Price") to be paid by Purchaser
to ACAS Equity Holdings Corp. for the ACAS Units to be transferred hereunder as
of the Closing shall be determined in accordance with the FMI Operating
Agreement and paid by the Representative to ACAS Equity Holdings Corp. promptly
following the Closing.

      1.4 PAYMENT OF THE ACAS PURCHASE PRICE. At the Closing, Purchaser shall
pay to the Representative on behalf of ACAS Equity Holdings Corp. in immediately
available funds the cash component of the ACAS Purchase Price and cause to be
transferred on the records of the transfer agent of PubCo the Common Stock
component of the ACAS Purchase Price.

                                       4
<PAGE>

      E. FMI INC.

      1.1 AGREEMENT TO SELL AND PURCHASE. Subject to the terms and conditions
hereinafter set forth, FMI Inc. hereby sells 295,622 Class A-1 Junior Super
Preferred Units, 1,086,152 Series A-A Preferred Units, 8,000,000 PIK Preferred
Units and 1,500,161 Common A Units, which constitute one hundred percent (100%)
of the issued and outstanding membership interests of FMI Holdco (the "FMI
Units") legally and beneficially owned by FMI Inc., to Purchaser, and Purchaser
hereby purchases the FMI Units from FMI Inc., pursuant to the terms and
conditions of this Equity Purchase Agreement (the "FMI Sale").

      1.2 UNITS TO BE TRANSFERRED. At the Closing, FMI Inc. shall sell,
transfer, assign and deliver to Purchaser, and Purchaser shall purchase, for the
consideration hereinafter provided, the FMI Units, free and clear of all
mortgages, liens, pledges, security interests, claims and encumbrances of any
nature.

      1.3 CONSIDERATION FOR FMI UNITS. The aggregate consideration (hereinafter
referred to as the "FMI Purchase Price") to be paid by Purchaser to FMI Inc. for
the FMI Units to be transferred hereunder as of the Closing shall be determined
in accordance with the FMI Operating Agreement and paid by the Representative to
FMI Inc. promptly following the Closing.

      1.4 PAYMENT OF THE FMI PURCHASE PRICE. At the Closing, Purchaser shall pay
to the Representative on behalf FMI Inc. in immediately available funds the cash
component of the FMI Purchase Price and cause to be transferred on the records
of the transfer agent of PubCo the Common Stock component of the FMI Purchase
Price.

      F. FMI GROUP, LLC

      1.1 AGREEMENT TO SELL AND PURCHASE. Subject to the terms and conditions
hereinafter set forth, FMI Group, LLC hereby sells 8,713 Class A-1 Junior Super
Preferred Units, 1,000,000 PIK Preferred Units and 44,214 Class A Common Units,
which represent one hundred percent (100%) of the issued and outstanding
membership interests of FMI Holdco I, LLC (the "FMI Group Units") legally and
beneficially owned by FMI Group, LLC to Purchaser, and Purchaser hereby
purchases the FMI Group Units from FMI Group, LLC, pursuant to the terms and
conditions of this Equity Purchase Agreement (the "FMI Group Sale").

      1.2 UNITS TO BE TRANSFERRED. At the Closing, FMI Group, LLC shall sell,
transfer, assign and deliver to Purchaser, and Purchaser shall purchase, for the
consideration hereinafter provided, the FMI Group Units, free and clear of all
mortgages, liens, pledges, security interests, claims and encumbrances of any
nature.

      1.3 CONSIDERATION FOR FMI GROUP UNITS. The aggregate consideration
(hereinafter referred to as the "FMI Group Purchase Price") to be paid by
Purchaser to FMI Group, LLC for the FMI Group Units to be transferred hereunder
as of the Closing shall be determined in accordance with the FMI Operating
Agreement and paid by the Representative to FMI Group, LLC promptly following
the Closing.

      1.4 PAYMENT OF THE FMI GROUP PURCHASE PRICE. At the Closing, Purchaser
shall pay to the Representative on behalf of FMI Group, LLC in immediately
available funds the cash

                                       5
<PAGE>

component of the FMI Group Purchase Price and cause to be transferred on the
records of the transfer agent of PubCo the Common Stock component of the FMI
Group Purchase Price.

      G. PAYMENT OF OTHER AMOUNTS AT OR PRIOR TO CLOSING. On or prior to the
Closing:

      1.1 EXISTING DEBT. Purchaser shall, on behalf of FMI Holdco and out of the
Cash Purchase Price, pay to the holders of Existing Debt the amounts set forth
in letters, in form and substance reasonably satisfactory to Purchaser, setting
forth the amounts and actions required to satisfy all obligations of FMI under
the outstanding debt set forth in SCHEDULE 1.1-G, and to obtain a release
therefrom ("Pay-off Letters").

      1.2 BONUS PAYMENTS. Purchaser shall pay bonuses to certain FMI employees
in the aggregate amount of $1,000,000 cash and the number of shares of the
Common Stock that, immediately following the Reverse Stock Split, will represent
One Hundred Eighty-Two Thousand Five Hundred (182,500) shares in the amounts as
instructed by FMI Holdco in accordance with the instructions provided by FMI
Holdco in writing at least three business days before the Closing (the "Bonus
Payments"). The Purchaser assumes no obligation under any of the FMI Holdco I,
LLC Special Bonus Plan, the Put Option for 375,000 Common Units of FMI Holdco to
ACAS or the FMI Holdco I, LLC 2003 Unit Plan. The Purchaser assumes no
obligation under any employment, commission or consulting agreement set forth in
SCHEDULES 3.8, 3.11 AND 3.19 (except the Consulting Agreement of John Napp),
except as provided in this Section G.1.2, and all such agreements terminate at
Closing.

      1.3 CASH ON HAND. FMI shall distribute to the Representative, as defined
in Section 8.14 below, all of FMI's cash on hand as of the Closing.

      1.4 TRANSACTION EXPENSES. Purchaser shall pay to such account or accounts
as FMI specifies to Purchaser in writing at least three business days prior to
the Closing, the aggregate amount of the expenses of FMI and the Sellers
incurred in connection with preparation of audited financial statements of FMI
required for PubCo's filings with the Securities and Exchange Commission (the
"SEC"), including all fees and disbursements of accountants and other advisors
and service providers retained by FMI or the Sellers in connection therewith.

      1.5 MANAGEMENT AGREEMENT. In connection with the termination of the
Management Agreement as further described and defined in Section 6.1(a)(viii),
Purchaser shall, on behalf of FMI Holdco and out of the Cash Purchase Price, pay
any fees arising under the Management Agreement, including the termination fee
in Section 4 of the Management Agreement as set forth on SCHEDULE 3.9.

      1.6 PAYMENT AMOUNTS. In no event shall the aggregate payments referenced
in Sections A-F and Subsections 1.1 and 1.5 of this Section G exceed the
Purchase Price.

      1.7 CLOSING. The closing for each of the FMI Blocker Sale, the Indosuez
CMII Sale, the Indosuez Capital Sale, the ACAS Sale, the FMI Sale and the FMI
Group Sale (collectively, the "Sale") shall take place at 10:00 a.m., New York
City time on a date as soon as practicable following satisfaction or waiver of
all the conditions set forth in Article VI (the "Closing"), at the offices of
Brown Rudnick Berlack Israels LLP, 7 Times Square, New York, New York 10036,
unless another date, time or place is agreed to in writing by the parties
hereto.

                                       6
<PAGE>

                                   ARTICLE II
                    REPRESENTATIONS AND WARRANTIES OF SELLERS

      Each of the Sellers, respectively, hereby represent and warrant to
Purchaser that:

      2.1 FMI BLOCKER REPRESENTATIONS. FMI Blocker, Inc. represents and warrants
to Purchaser as set forth in SCHEDULE 2.1.

      2.2 INDOSUEZ CMII REPRESENTATIONS. Indosuez CMII, Inc. represents and
warrants to Purchaser as set forth in SCHEDULE 2.2.

      2.3 INDOSUEZ CAPITAL PARTNERS 2003 REPRESENTATIONS. Indosuez Capital
Partners 2003, L.L.C. represents and warrants to Purchaser as set forth in
SCHEDULE 2.3.

      2.4 ACAS REPRESENTATIONS. ACAS Equity Holding Corp. represents and
warrants to Purchaser as set forth in SCHEDULE 2.4.

      2.5 FMI REPRESENTATIONS. FMI Inc. represents and warrants to Purchaser as
set forth in SCHEDULE 2.5.

      2.6 FMI GROUP REPRESENTATIONS. FMI Group, LLC represents and warrants to
Purchaser as set forth in SCHEDULE 2.6.

                                   ARTICLE III
                  REPRESENTATIONS AND WARRANTIES RE FMI HOLDCO

      FMI Holdco represents and warrants to Purchaser that:

      3.1 LIMITED LIABILITY COMPANY ORGANIZATION AND QUALIFICATION. Holdco is a
limited liability company duly organized, validly existing and in good standing
under the laws of Delaware and is qualified and in good standing as a foreign
corporation in each jurisdiction where the properties owned, leased or operated,
or the business conducted by it, require such qualification, except where
failure to so qualify or be in good standing would not have a Material Adverse
Effect (as defined below). FMI Holdco and its subsidiaries (each of FMI Holdco
and its subsidiaries referred to herein separately or collectively as the
context requires as, "FMI") have all requisite power and authority (corporate or
otherwise) to own, lease and operate their properties and to carry on their
business as it is now being conducted. FMI Holdco does not have any subsidiaries
or any other interest, direct or indirect, through stock ownership or otherwise,
in any corporations or business enterprise except as set forth in SCHEDULE 3.1.
"Material Adverse Effect" means any adverse change in the properties, assets,
operations, condition (financial or otherwise), business or results of
operations of FMI, taken as a whole, which is material to FMI or to the
transaction contemplated hereby; provided, however, that the following shall not
be considered a "Material Adverse Effect": (i) changes, events, violations,
inaccuracies, circumstances and effects that are caused by conditions affecting
the United States economy as a whole or affecting the industry in which FMI
competes as a whole, which conditions do not affect FMI in a disproportionate
manner, or (ii) a change that results from the taking of any action required by
this Equity Purchase Agreement or the agreements and actions contemplated
herein.

                                       7
<PAGE>

      3.2 CAPITALIZATION. The authorized membership interests of FMI Holdco are
set forth in SCHEDULE 3.2 and all of the issued and outstanding membership
interests, and the record holders, of FMI Holdco are set forth in SCHEDULE 3.2.
All of the outstanding membership interests of FMI Holdco have been duly
authorized, validly issued and are fully paid and nonassessable. Except as set
forth in SCHEDULE 3.2, (i) none of FMI's equity interests or capital stock, as
applicable are subject to preemptive rights or any other similar rights or any
liens or encumbrances suffered or permitted by FMI; (ii) there are no
outstanding options, warrants, scrip, rights to subscribe to, calls or
commitments of any character whatsoever relating to, or securities or rights
convertible into, or exercisable or exchangeable for, any equity interests or
capital stock of FMI, or contracts, commitments, understandings or arrangements
by which FMI is or may become bound to issue additional equity interests or
capital stock of FMI or options, warrants, scrip, rights to subscribe to, calls
or commitments of any character whatsoever relating to, or securities or rights
convertible into, or exercisable or exchangeable for, any membership interests
of FMI; (iii) there are no outstanding debt securities, notes, credit
agreements, credit facilities or other agreements, documents or instruments
evidencing Indebtedness of FMI or by which FMI is or may become bound; (iv)
there are no financing statements securing obligations in any material amounts,
either singly or in the aggregate, filed in connection with FMI; (v) there are
no agreements or arrangements under which FMI is obligated to register the sale
of any of their securities under the Securities Act of 1933, as amended (the
"Securities Act") (except pursuant to the registration rights agreements
contemplated hereby); (vi) there are no outstanding securities or instruments of
FMI which contain any redemption or similar provisions, and there are no
contracts, commitments, understandings or arrangements by which FMI is or may
become bound to redeem a security of FMI; (vii) there are no securities or
instruments containing anti-dilution or similar provisions; (viii) FMI does not
have any profits interests, stock appreciation rights or "phantom stock" plans
or agreements or any similar plan or agreement; and (ix) no securities of FMI
are listed or quoted on any stock exchange or automated quotation system. All of
FMI's outstanding options and warrants shall be cancelled at Closing. FMI has
made available to Purchaser true, correct and complete copies of all
organizational documents of FMI and the agreements set forth on SCHEDULE 3.2.

      3.3 AUTHORITY RELATIVE TO THIS EQUITY PURCHASE AGREEMENT. FMI Holdco has
the requisite limited liability company power and authority to approve,
authorize, execute and deliver this Equity Purchase Agreement and to consummate
the transactions contemplated hereby. This Equity Purchase Agreement and the
consummation of the transaction contemplated hereby have been duly and validly
authorized by the Board of Managers of FMI Holdco and no other limited liability
company proceedings on the part of FMI Holdco are necessary to authorize this
Equity Purchase Agreement or to consummate the transactions contemplated hereby.
This Equity Purchase Agreement has been duly and validly executed and delivered
by FMI Holdco and constitutes the valid and binding agreement of FMI Holdco,
enforceable against FMI Holdco in accordance with its terms, subject, as to
enforceability, to bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance and other laws of general applicability relating to or
affecting creditors' rights and to general principles of equity.

      3.4 CONSENTS AND APPROVALS; NO VIOLATION. Except as set forth in SCHEDULE
3.4, neither the execution and delivery of this Equity Purchase Agreement nor
the consummation by FMI Holdco of the transactions contemplated hereby will (i)
conflict with or result in any breach of any provision of its constitutional
documents; (ii) require any consent, approval, authorization

                                       8
<PAGE>

or permit of, or registration, declaration or filing with or notification to,
any governmental authority, except such consents, approvals, authorizations,
permits, filings or notifications where the failure to obtain such consent,
approval, authorization or permit, or to make such filing or notification, could
not in the aggregate reasonably be expected to have a Material Adverse Effect or
adversely affect the ability of FMI Holdco to consummate the transactions
contemplated hereby; (iii) result in a violation or breach of, or constitute
(with or without notice or lapse of time or both) a default (or give rise to any
right of termination, cancellation or acceleration or lien or other charge or
encumbrance) under, any of the terms, conditions or provisions of any material
note, license, agreement or other instrument or obligation to which FMI Holdco
or any of its assets may be bound, which would in the aggregate reasonably be
expected to have a Material Adverse Effect, except for such violations, breaches
and defaults (or rights of termination, cancellation or acceleration or lien or
other charge or encumbrance) as to which requisite waivers or consents have been
obtained; or (iv) violate any order, writ, injunction, decree, statute, rule or
regulation applicable to FMI Holdco or its assets, except for violations which
could not in the aggregate reasonably be expected to have a Material Adverse
Effect or adversely affect the ability of FMI Holdco to consummate the
transactions contemplated hereby.

      3.5 LITIGATION. There are no civil, criminal or administrative actions,
suits, demands, claims, hearings, notices of violation, investigations, demand
letters or proceedings pending or, to the knowledge of Greg DeSaye, Michael
DeSaye, Neil Devine, Robert O'Neill or James Deveau, after reasonable inquiry
(collectively, "FMI's Knowledge"), threatened against or affecting FMI or any of
its officers or directors which could reasonably be expected to have a Material
Adverse Effect other than those set forth in SCHEDULE 3.5.

      3.6 FINANCIAL STATEMENTS. SCHEDULE 3.6, sets forth for FMI Holdco the
audited consolidated balance sheet at December 31, 2005 audited by BDO Seidman
LLP and unaudited consolidated balance sheet at June 30, 2006 (the "Base Balance
Sheet"), respectively, the related statement of operations and retained
earnings, statement of stockholder's equity, statement of cash flows and
statement of comprehensive income for the two years (audited by BDO Seidman LLP)
and the six months (unaudited) then ended, respectively, each prepared in
accordance with U.S. GAAP, together with related notes and the audit report on
each of such statements for such annual periods issued by BDO Seidman LLP, FMI
Holdco's certified public accountants, and the review reports for such six month
periods issued by BDO Seidman LLP. The books and records of FMI Holdco have been
maintained in accordance with applicable legal and accounting requirements and
good business practices, reflect only valid transaction, are complete and
correct in all material respects and accurately reflect, in all material
respects, the basis for the financial position, results of operations and
operating cash flow of FMI Holdco set forth in the financial statements. The
internal accounting records maintained by FMI Holdco for determining monies owed
by customers and to suppliers accurately reflect and are consistent with FMI
Holdco's communications and transactions with such entities. Since December 31,
2005, there has been no change in accounting methods made by FMI Holdco.

      3.7 ABSENCE OF CERTAIN CHANGES OR EVENTS. Except as disclosed in SCHEDULE
3.7, since December 31, 2005 the business of FMI has been carried on only in the
ordinary and usual course and there has not been any material adverse change in
its business, properties, operations or financial condition, taken as a whole,
and no event has occurred and no fact or set of circumstances has arisen which
has resulted in or could reasonably be expected to result in a

                                       9
<PAGE>

Material Adverse Effect. Except for liabilities and obligations incurred in the
ordinary course of business and consistent with past practice, liabilities and
obligations reflected on or reserved against in the Base Balance Sheet and as
otherwise disclosed in SCHEDULE 3.7, since December 31, 2005, none of FMI Holdco
or the Subsidiaries has incurred any liabilities or obligations that would be
required to be reflected or reserved against in a balance sheet of FMI Holdco
prepared in accordance with the principles used to prepare the audited balance
sheet. Since June 30, 2006, there has been no change or development in the
business, properties, operations, condition (financial or otherwise), or
prospectus or results of operations of FMI that has had or could reasonably be
expected to have a Material Adverse Effect. Since June 30, 2006, FMI has not (i)
declared or paid any dividends, (ii) sold any assets, individually or in the
aggregate, in excess of $100,000 outside of the ordinary course of business,
(iii) had capital expenditures, individually or in the aggregate, in excess of
$100,000 or (iv) waived any material rights in respect of any Indebtedness or
other rights in excess of $100,000 owed to it. FMI has not taken any steps to
seek protection pursuant to any bankruptcy law, neither to FMI's Knowledge nor,
to FMI's Knowledge does FMI have reason to believe that, its creditors intend to
initiate involuntary bankruptcy proceedings, and to FMI's Knowledge there is no
fact which would reasonably lead a creditor to do so.

      3.8 EMPLOYMENT AGREEMENTS. Except as set forth in SCHEDULE 3.8 hereto, FMI
is not a party to any agreement, including but not limited to employment,
consulting, bonus, non-competition, severance, golden parachute, indemnification
agreement or any other agreement, which provides for payments or benefits or the
acceleration of payments or benefits upon the consummation of the transactions
contemplated hereby (including, without limitation, any contract to which FMI or
any of the Sellers is a party involving employees of FMI).

      3.9 BROKERS AND FINDERS. Except as set forth in SCHEDULE 3.9, FMI has not
employed any investment banker, broker, finder, consultant or intermediary in
connection with the transactions contemplated by this Equity Purchase Agreement
which would be entitled to any investment banking, brokerage, finder's or
similar fee or commission in connection with this Equity Purchase Agreement or
the transactions contemplated hereby.

      3.10 TAXES. FMI has (x) filed all returns, declarations, reports,
information returns and statements of whatsoever kind ("Tax Returns") in respect
of all federal, state, county, local, foreign and other Taxes (as defined below)
that it is required to file, and all such Tax Returns are true, complete and
accurate in all material respects and (y) paid or provided for the payment of
all Taxes due with respect to such Tax Returns and all Taxes, if any, required
to be paid for which no return is required. Copies of all federal income Tax
Returns relating to FMI's last five taxable years have been made available to
Purchaser for review. The most recent financial statements of FMI Holdco reflect
an adequate reserve for all Taxes payable by FMI for all taxable periods and
portions thereof through the date of such financial statements. There are no
material liens for Taxes with respect to any of the assets or properties of FMI.
Except as otherwise set forth in SCHEDULE 3.10, FMI has not been audited by the
Internal Revenue Service or any state, local or foreign taxing jurisdiction and
no agreements or consents extending the period during which any Taxes may be
assessed or collected are now in force. Except as set forth in SCHEDULE 3.10, no
material adjustments have been proposed by the Internal Revenue Service or by,
or with, any other taxing authority with respect to any open tax years or tax
returns. All material adjustments have been fully paid. FMI nor any predecessor
of FMI has at

                                       10
<PAGE>

any time filed a consent under Section 341 (f) (1) of the Internal Revenue Code,
of 1986, as amended (the "Code") or agreed under Section 341 (f) (3) of the Code
to have the provisions of Section 341 (f) (2) of the Code apply to any
disposition of a subsection (f) asset (as defined in Section 341 (f) (4) of the
Code) owned by FMI or such predecessor. Except as set forth in SCHEDULE 3.10
hereto, FMI is not a party to or bound by any tax indemnity agreement or any
agreement providing for the allocation or sharing of Taxes with any Entity. FMI
(i) has been a member of an affiliated group filing a consolidated federal
income Tax Return (other than a group the common parent of which was FMI Holdco)
or (ii) has any liability for the Taxes of any entity (other than FMI) under
Treasury Regulation 1.1502-6 (or any similar provision of state, local, or
foreign law), as a transferee or successor, by contract, or otherwise. FMI will
not be required to include any item of income in, or exclude any item of
deduction from, taxable income for any taxable period (or portion thereof)
ending after the Closing as a result of any: (i) change in method of accounting
for a taxable period ending on or prior to the Closing; (ii) "closing agreement"
as described in Section 7121 of the Code (or any corresponding or similar
provision of state, local or foreign income Tax law) executed on or prior to the
Closing; (iii) intercompany transactions or any excess loss account described in
Treasury Regulations under Section 1502 of the Code (or any corresponding or
similar provision of state, local or foreign income Tax law); (iv) installment
sale or open transaction disposition made on or prior to the Closing; or (v)
prepaid amount received on or prior to the Closing. FMI has not distributed
stock of another entity, or has had its stock distributed by another entity, in
a transaction that was purported or intended to be governed in whole or in part
by Sections 355 or 361 of the Code. FMI is not a party to any agreement,
contract, arrangement, or plan that has resulted or would result, separately or
in the aggregate, in the payment of any "excess parachute payment" within the
meaning of Section 280G of the Code (or any corresponding provision of state,
local, or foreign Tax law). Except as set forth in SCHEDULE 3.10, each of FMI
and its subsidiaries has complied in all material respects with all applicable
legal requirements relating to the payment and withholding of taxes and, within
the time and in the manner prescribed by law, "has withheld from wages, fees and
other payments and paid over to the proper governmental or regulatory
authorities all amounts required. For the purpose of this Equity Purchase
Agreement, the term "Tax" (and, with correlative meaning, the terms "Taxes" and
"Taxable") shall include all federal, state, local and foreign income, profits,
franchise, gross receipts, payroll, sales, employment, use, property,
withholding, excise and other taxes, duties or assessments of any nature
whatsoever, together with all interest, penalties and additions imposed with
respect to such amounts.

      3.11 EMPLOYEE BENEFITS.

            (a) SCHEDULE 3.11 contains (x) an accurate and complete list of all
Company Benefit Plans (as defined below) for current or former employees,
directors and officers of FMI, (y) a complete list of all severance arrangements
together with the maximum cost related thereto and (z) a complete list of all
employee benefit plans (as defined in Section 3(3) of ERISA) subject to Title IV
of ERISA with respect to which FMI assumed any obligations in connection with
any acquisition consummated within the period of up to five years prior to the
date hereof. Except as disclosed in SCHEDULE 3.11, each Company Benefit Plan
intended to qualify under Section 401 of the Code does so qualify and the trust
maintained pursuant thereto is exempt from federal income taxation under Section
501 of the Code. To FMI's Knowledge, nothing has occurred with respect to the
operation of such plans which could cause the loss of such

                                       11
<PAGE>

qualification or exemption or the imposition of any material liability, penalty,
or tax under ERISA or the Code.

            (b) True, complete and correct copies of the following documents
with respect to each Company Benefit Plan have been made available or delivered
to Purchaser by FMI: (i) all plan documents, including any written agreements
relating to Company Benefit Plans, and any amendments thereto, (ii) the three
most recent Forms 5500 including all schedules and any financial statements
attached thereto, (iii) the most recently issued Internal Revenue Service
determination letter, (iv) all summary plan descriptions, summaries of material
modifications, and summary annual reports, (v) the two most recent required
actuarial reports, if any, including any such reports prepared for purposes of
FASB 87, 106 and 112, (vi) written descriptions of all material, non-written
agreements relating to Company Benefit Plans and (vii) copies of any insurance
contracts or trust agreements through which any Company Benefit Plan is funded,
any custodial or invested contract relating to assets or benefits under the
Company Benefit Plans and any contracts relating to recordkeeping or
administration for the Company Benefit Plans.

            (c) Company Benefit Plans have been operated and maintained, in all
material respects, in accordance with their terms and with all provisions of
ERISA and other applicable law. FMI has not incurred any material liability with
respect to any non-exempt prohibited transaction within the meaning of Section
4975 of the Code or Section 406 of ERISA.

            (d) There has been no "reportable event" as defined in Section
4043(c) of ERISA with respect to any Company Benefit Plan subject to Title IV of
ERISA other than those events as to which the 30 day notice period is waived
under PBGC Regulations Sections 4043.21 through 4043.35.

            (e) FMI does not maintain "welfare benefit plans" within the meaning
of Section 3(1) of ERISA which provide for continuing benefits or coverage for
any participant, retiree, former employee or their beneficiaries after such
person's termination of employment where such participant was an employee of
FMI, other than as required by Section 4980B of the Code and Part 6 of Title I
of ERISA and at the sole expense of the participant or beneficiary.

            (f) Neither the execution and delivery of this Equity Purchase
Agreement nor the consummation of the transactions contemplated hereby will (i)
result in any payment (including, without limitation, bonus or other
compensation severance, unemployment compensation, golden parachute or
otherwise) becoming due to any employee of FMI under any Company Benefit Plan or
otherwise other than as contemplated by Article I, Section G.1.2, (ii) increase
any benefits otherwise payable under any Company Benefit Plan, or (iii) result
in the acceleration of the time of payment or vesting of any such benefits.

            (g) In connection with the transactions contemplated by this Equity
Purchase Agreement, no payments have been or will be made to any current or
former employee, officer or director of FMI which would be nondeductible under
Section 280G of the Code.

            (h) No compensation payable by FMI to any of its past or present
employees or officers is subject to disallowance under Section 162(m) of the
Code.

                                       12
<PAGE>

            (i) Except where failure to comply would not reasonably be expected
to have a Material Adverse Effect, FMI is and has been in compliance with all
applicable laws of the United States, or of any state or local government or any
subdivision thereof or of any foreign government respecting each Company Benefit
Plan, including, without limitation, ERISA, the Code, and any laws respecting
employee benefits, disability benefits, severance payments and COBRA.

            (j) There are no agreements or commitments of FMI or an ERISA
Affiliate, whether or not legally binding, to create any Company Benefit Plan
not listed on SCHEDULE 3.11.

            (k) No Company Benefit Plan is currently under audit or
investigation by any governmental agency or body and there are no actions, suits
or claims pending or, to FMI's Knowledge, threatened against any Company Benefit
Plans.

            (l) For the purposes of this Section 3.11: (i) the term "Company
Benefit Plan" shall include all employee benefit plans (as defined in Section
3(3) of ERISA), multiemployer plans within the meaning of Sections 3(37) or
4001(a)(3) of ERISA, and all other employee benefit arrangements, policies or
payroll practices, including, without limitation, compensation severance pay,
sick leave, vacation pay, salary continuation for disability, scholarship
programs, stock option, stock bonus, stock appreciation, stock purchase, phantom
stock or restricted stock plans maintained by FMI or any ERISA Affiliate of FMI
(whether formal or informal, whether for the benefit of a single individual or
for more than one individual and whether for the benefit of current or former
employees or their beneficiaries) on behalf of FMI or any of the employees of
FMI or to which or under which or pursuant to which FMI or any ERISA Affiliate
of FMI has contributed or is obligated to make contributions on behalf of FMI or
any present or former employees of FMI or non-employee directors of or
consultants to FMI or pursuant to which FMI or any ERISA Affiliate may incur any
liability; (ii) the term "ERISA" shall refer to the Employee Retirement Income
Security Act of 1974, as amended; and (iii) the term "ERISA Affiliate" shall
refer to any trade or business (whether or not incorporated) under common
control or treated as a single employer with FMI within the meaning of Section
414 (b), (c), (m) or (o) of the Code.

      3.12 INTANGIBLE PROPERTY. SCHEDULE 3.12 sets forth, with respect to each
material Proprietary Asset (as defined below) owned by or licensed to FMI or
otherwise used by FMI and identifies the license agreement under which such
Proprietary Asset is being licensed to FMI. Except for Permitted Liens (as
defined in SCHEDULE 3.13) and as set forth in SCHEDULE 3.12, FMI has good, valid
and marketable title to all of Proprietary Assets free and clear of all liens
and other encumbrances, and has a valid right to use all Proprietary Assets. The
term "Proprietary Asset" means any: trademark (whether registered or
unregistered), trademark application, trade name, fictitious business name,
service mark (whether registered or unregistered), service mark application,
copyright (whether registered or unregistered), copyright application, patents,
patent rights, original works of authorship, inventions, licenses, approvals,
governmental authorizations, trade secrets, other intellectual property rights,
customer list, franchise, or intangible asset, together with all goodwill
related to the foregoing. Except as set forth on SCHEDULE 3.12, none of FMI's
registered, or applied for, Proprietary Assets have expired or terminated or
have been abandoned, or are expected to expire or terminate or expected to be
abandoned, within three years from the date of the Closing. The terminations,
expirations or abandonments of such registered, or applied for, Proprietary
Assets would not, in the aggregate,

                                       13
<PAGE>

have a Material Adverse Effect. FMI does not have any knowledge of any
infringement by FMI, of Proprietary Assets of others. There is no claim, action
or proceeding being made or brought, or to FMI's Knowledge, being threatened,
against FMI regarding its Proprietary Assets. To FMI's Knowledge, no facts or
circumstances exist which might give rise to any of the foregoing infringements
or claims, actions or proceedings. FMI has taken reasonable security measures to
protect the secrecy, confidentiality and value of all of its Proprietary Assets.

      3.13 PERSONAL PROPERTY. Except for Permitted Liens and as shown in
SCHEDULE 3.13, when transferred and paid for as provided herein, Purchaser will
receive good and valid title, free and clear of all title defects, security
interests, pledges, options, claims, encumbrances or liens (including, without
limitation, leases, chattel mortgages, conditional sale contracts, collateral
security arrangements and other title or interest retaining agreements) to all
Personal Property listed or described in Article I hereof as owned by any of
FMI, but excluding any such liens or encumbrances which will not materially
affect the value of such property or interfere with the use of such property in
the conduct of the FMI's business.

      3.14 INSURANCE. SCHEDULE 3.14 sets forth a complete and correct list of
all bonds, workers compensation insurance (and PEO workers compensation
insurance) and all contracts of insurance and indemnity of FMI with respect to
its business in force at the date of this Equity Purchase Agreement (including
name of insurer or indemnitor, agent, form of coverage and expiration date). All
premiums and other payments due from FMI with respect to any such contracts of
insurance or indemnity have been paid, or will be paid within their terms by
FMI, and to FMI's Knowledge no fact, act or failure to act has caused or might
cause any such contract to be cancelled or terminated prior to the Closing. All
notices have been given, all known claims have been presented and all other
required or appropriate action with respect to such contracts have been taken by
FMI in a due and timely fashion.

      3.15 INTERESTS IN REAL PROPERTY. SCHEDULE 3.15 sets forth a correct and
complete list and brief description of all real properties owned or leased by
FMI. All leases in respect of such real property leased by FMI are valid and
enforceable and no party to any such lease is in default thereunder,
respectively, and true and complete copies of such leases have previously been
delivered to Purchaser. All rent currently due and payable under the real
property leases has been paid. Except as shown in SCHEDULE 3.15, to FMI's
Knowledge after due inquiry, all improvements and fixtures on real properties
owned or leased by FMI conform in all material respects to applicable health,
fire, safety, pollution, zoning and building laws. FMI has good, indefeasible
and marketable title to and beneficial ownership of its owned real property.

      3.16 INTERESTS IN EQUIPMENT LEASES. SCHEDULE 3.16 includes a correct and
complete list and brief description of all personal property leased by FMI,
identifying each piece of equipment with each lease. All leases are valid and
enforceable and no party to any such lease is in default thereunder,
respectively, and true and complete copies of such Leases have previously been
delivered to Purchaser. All payments currently due and payable under the Leases
have been paid.

      3.17 LOGISTICS CONTRACTS. SCHEDULE 3.17 sets forth a complete and correct
list of the Company's contracts with its ten largest customers by revenue
(together, the "Logistic Contracts") in effect on the date hereof and in respect
of any such contract which is not written, a

                                       14
<PAGE>

description of the parties and the nature of the contract. SCHEDULE 3.17 sets
forth for each Logistics Contract for fiscal year 2005 and the interim period
from January 1, 2006 to June 30, 2006 (i) a list of the names of the customers
of FMI and (ii) the amount of gross revenue attributable to each such customer
for such periods. Except as set forth in SCHEDULE 3.17, each Logistics Contract
is valid, has not been subsequently amended in any material respect, is in full
force and effect, FMI have not assigned any rights thereto to any third party
and no person has asserted any adverse claim with respect to FMI rights under
such Logistics Contract. Except as set forth in SCHEDULE 3.17, there exists no
default by FMI, or to FMI's Knowledge, any other party with respect to any of
the Logistics Contracts, and no event has occurred that would prevent Purchaser
from obtaining the benefits under such Logistics Contracts. Except as set forth
in SCHEDULE 3.17, no customer that is a party to such Logistic Contract has
cancelled or, to FMI's Knowledge, made a credible threat of cancellation within
the past six months of any Logistics Contract involving amounts greater than
$100,000.

      3.18 SUPPLIERS; OTHER CONTRACTS. SCHEDULE 3.18 sets forth the complete and
correct list of the names of any suppliers of transportation services to FMI
with respect to which practical alternative sources of supply are, in the good
faith opinion of FMI, not available on commercially reasonable terms and
conditions, together with a description of any existing contractual arrangements
for, and any pending discussions or negotiations relating to, continued supply
from such suppliers. SCHEDULE 3.18 sets forth the completed list of contracts to
which FMI is a party, other than those set forth on any other Schedule, which
involve contractual obligations for payments in excess of $100,000.

      3.19 COMPENSATION OF EMPLOYEES. SCHEDULE 3.19 contains a complete and
accurate list of all current directors, officers, employees and consultants of
FMI on the date hereof, setting forth the current job title, aggregate
remuneration rate for those earning $75,000 or more annually (bonus, commission
and salary) and accrued but untaken vacation and sick leave for each such
individual. SCHEDULE 3.19 also contains a list of all employment agreements
which FMI have with any of its officers, employees and consultants, all of which
agreements are listed in SCHEDULE 3.19.

      3.20 EMPLOYEE RELATIONS. As of September 19, 2006, FMI had an aggregate of
607 permanent employees. FMI is not delinquent in payments to any of its
employees or consultants (including the PEO agreements) for any wages, salaries,
commissions, bonuses or other direct compensation for any services performed by
them or for amounts required to be reimbursed to such employees. Except as set
forth in SCHEDULE 3.19, upon termination of the employment of any of its
employees, FMI will not by reason of anything done prior to the Closing, be
liable to any of its employees or consultants for severance pay or any other
payments (other than accrued salary, vacation or sick pay in accordance with FMI
normal policies). Except as set forth in SCHEDULE 3.19, FMI does not have any
contracts of employment with any employees or any legal responsibility for the
employees of any other entity, and all employees of FMI are terminable by FMI at
will. To FMI's Knowledge, no executive officer of FMI has notified FMI that such
officer intends to leave FMI or otherwise terminate such officer's employment
with FMI. No executive officer of FMI is, or to FMI's Knowledge is expected to
be, in violation of any material term of any employment contract,
confidentiality, disclosure or proprietary information agreement,
non-competition agreement, or any other contract or agreement or any restrictive
covenant, and the continued employment of each such executive officer does not
subject FMI to

                                       15
<PAGE>

any liability in respect of any of the foregoing matters. Except where failure
to comply would not reasonably be expected to have a Material Adverse Effect,
FMI is and has been in compliance with all applicable laws of the United States,
or of any state or local government or any subdivision thereof or of any foreign
government respecting employment and employment practices, terms and conditions
of employment and wages and hours, including, without limitation, the
Immigration Reform and Control Act, the WARN Act, any laws respecting employment
discrimination, sexual harassment, disability rights, equal opportunity, plant
closure issues, affirmative action, workers' compensation, labor relations,
employee leave issues, wage and hour standards, occupational safety and health
requirements and unemployment insurance and related matters, and is not engaged
in any unfair labor practices.

      3.21 LABOR AGREEMENTS. There are no contracts with labor unions binding
upon FMI, and since January 1, 2006 FMI has not been requested to recognize nor
agreed to recognize any union or other collective bargaining unit nor has any
union or other collective bargaining unit been certified as representing any
employees of FMI . To FMI's Knowledge, (i) no organization effort is currently
being made or threatened by or on behalf of any labor union with respect to
employees of FMI, (ii) there is no active or current union organization activity
involving the employees of FMI, nor (iii) has there ever been union
representation involving employees of FMI.

      3.22 CONDUCT OF BUSINESS; REGULATORY PERMITS. FMI is not in violation of
any term of or in default under its respective certificate of incorporation,
certificate of formation, any certificate of designations of any outstanding
series of preferred stock of such company or Bylaws or their organization
charter or other constituent documents or bylaws. FMI is not in violation of any
judgment, decree or order or any statute, ordinance, rule or regulation
applicable to such entity, and FMI will not conduct its respective business in
violation of any of the foregoing, except for such violations and/or possible
violations which would not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect. FMI possesses all certificates,
authorizations and permits issued by the appropriate regulatory authorities
necessary to conduct their respective businesses, except where the failure to
possess such certificates, authorizations or permits would not have,
individually or in the aggregate, a Material Adverse Effect, and FMI has not
received any notice of proceedings relating to the revocation or modification of
any such certificate, authorization or permit except where such proceedings,
revocation or modification would not have a Material Adverse Effect.

      3.23 BANK AND OTHER ACCOUNTS. SCHEDULE 3.23 sets forth a true and complete
list of all bank, savings, brokerage and other accounts of FMI, including the
name of the depositary, the account number and the persons authorized to make
deposits and withdrawals or to effect transactions in such accounts.

      3.24 LETTERS OF CREDIT AND BONDS. Set forth in SCHEDULE 3.24 is a list of
all letters of credit and bonds outstanding on the date hereof which are the
obligations of FMI together with their face amounts and a description as to
their character (e.g., standby, irrevocable, etc.).

      3.25 IMMIGRATION MATTERS. To FMI's Knowledge, FMI has complied in all
material respects with all relevant provisions of Section 274a of the
Immigration and Nationality Act, as amended (the "INA") and all applicable
immigration laws. Without limiting the foregoing, (a) to

                                       16
<PAGE>

FMI's Knowledge, each U.S. "employee" (as that term is defined in the INA) of
FMI is permitted to be so employed in the United States under the INA; (b) FMI
has examined (and made copies of, if applicable) the documents presented by each
such employee to establish appropriate employment eligibility under the INA; (c)
FMI has completed and required each U.S. employee hired on or since November 11,
1986 to complete a Form I-9 verifying employment eligibility under the INA; (d)
FMI has retained each such completed Form 1-9 for the length of time required
under the INA; and (e) no monetary penalties have been assessed or threatened
against FMI for violation of Section 274a of the INA.

      3.26 UNLAWFUL PAYMENTS AND CONTRIBUTIONS. To FMI's Knowledge, none of FMI,
its affiliates, nor any director, officer, agent, employee or other person
acting on behalf of any of them has, in the course of its actions for, or on
behalf of, such entity (i) used any corporate funds for any unlawful
contribution, gift, entertainment or other unlawful expenses relating to
political activity; (ii) made any direct or indirect unlawful payment to any
foreign or domestic government official or employee from corporate funds; (iii)
violated or is in violation of any provision of the U.S. Foreign Corrupt
Practices Act of 1977, as amended; or (iv) made any unlawful bribe, rebate,
payoff, influence payment, kickback or other unlawful payment to any foreign or
domestic government official or employee.

      3.27 ENVIRONMENTAL MATTERS. Except as disclosed in SCHEDULE 3.27, (i) FMI
and the operations thereof are in material compliance with all Environmental
Laws (as defined below) including, without limitation, all laws pertaining to
Hazardous Materials (as defined below); (ii) there are no judicial or
administrative actions, suits, proceedings or investigations pending or, to
FMI's Knowledge, threatened against FMI or alleging the violation of or
liability of FMI under any Environmental Laws, and FMI has not received notice
from any Governmental Body or other Person alleging any violation of or
liability under any Environmental Laws, in either case which could reasonably be
expected to result in material Environmental Costs and Liabilities (as defined
below); (iii) to FMI's Knowledge, there are no facts, activities, circumstances
or conditions relating to, arising from, associated with, or attributable to FMI
or any real property currently or previously owned, operated or leased by FMI
that could reasonably be expected to result in material Environmental Costs and
Liabilities; and (iv) no notices to, or authorizations from, any governmental
authority pursuant to any Environmental Laws are required in order to complete
the Sale or as a result of having entered this Equity Purchase Agreement. For
the purpose of this Equity Purchase Agreement, the following terms have the
following definitions: (X) "Environmental Costs and Liabilities" means any
losses, liabilities, obligations, damages, fines, penalties, judgments, actions,
claims, costs or other expenses (including, without limitation, fees,
disbursements and expenses of legal counsel, experts, engineers and consultants
and the costs of investigation and feasibility studies, remedial or removal
actions and cleanup activities, operations and maintenance, or natural resource
damages) arising from or under any Environmental Law; (Y) "Environmental Laws"
means any applicable federal, state, local, or foreign law (including common
law), statute, code, ordinance, rule, regulation, permit, or other requirement
relating to the environment, natural resources, or public or employee health and
safety; and (Z) "Hazardous Materials" means any substance, material or waste
regulated by federal, state or local government, or common law including,
without limitation, any substance, material or waste which is defined as a
"solid waste," "hazardous waste," "hazardous material," "hazardous substance,"
"toxic waste" or "toxic substance" under any provision of Environmental

                                       17
<PAGE>

Law and including but not limited to petroleum and petroleum products, asbestos
and asbestos containing materials, and polychlorinated biphenyls.

      3.28 ACCOUNTS RECEIVABLE. Subject to any reserves set forth in the
consolidated balance sheet of FMI Holdco for the current fiscal year, FMI's
accounts receivable are reflected in FMI Holdco's consolidated balance sheet and
such accounts receivable arose in the ordinary course of business; were not, as
of the date of such balance sheet, subject to any material discount,
contingency, claim of offset or recoupment or counterclaim; and represented, as
of the date of such balance sheet, bona fide claims against debtors for sales,
leases, licenses and other charges thereto.

      3.29 LICENSES TO OPERATE. FMI has all material permits, licenses, orders
or approvals of any federal, state, local or foreign governmental or regulatory
body required in order to permit it to carry on its business as presently
conducted. All such permits, licenses, orders and approvals are in full force
and effect and to FMI's Knowledge no suspension or cancellation of any of them
is threatened.

      3.30 NO THIRD PARTY OPTIONS. Except as set forth in SCHEDULE 3.30, there
are no existing agreements, options, commitments or rights with, of or to any
person to acquire any material assets or rights of FMI.

      3.31 NO DEFAULT. Except as set forth in SCHEDULE 3.31, the business of FMI
has not been and is not being conducted in default or violation of any term,
condition or provision of (i) its constitutional documents or similar
organizational documents, (ii) any agreement or (iii) any federal, state, local
or foreign law, statute, regulation, rule, ordinance, judgment, decree, order,
writ, injunction, concession, grant, franchise, permit or license or other
governmental authorization or approval applicable to FMI Holdco and the Sellers
or relating to any of the property owned, leased or used by it, or applicable to
its business, excluding from the foregoing clauses (i), (ii) and (iii), defaults
or violations that would not, individually or in the aggregate, have a Material
Adverse Effect on FMI or materially impair the ability of FMI to consummate this
Equity Purchase Agreement. As of the date of this Equity Purchase Agreement, no
investigation or review by any governmental authority or other entity with
respect to FMI is pending or, to FMI's Knowledge, threatened, nor has any
governmental authority or other entity indicated an intention to conduct the
same, other than, in each case, those the outcome of which, as far as reasonably
can be foreseen, in the future will not, individually or in the aggregate, have
a Material Adverse Effect.

      3.32 RESTRICTIONS ON BUSINESS ACTIVITIES. There is no judgment,
injunction, order or decree binding upon FMI or to which FMI is a party which
has or could reasonably be expected to have the effect of prohibiting or
materially impairing any business practice of FMI, any acquisition of property
by FMI or the conduct of business by FMI as currently conducted other than such
effects, individually or in the aggregate, which have not had and could not
reasonably be expected to have, a Material Adverse Effect on FMI.

      3.33 MARGIN STOCK. FMI is not engaged in the business of extending credit
for the purpose of purchasing or carrying Margin Stock.

                                       18
<PAGE>

      3.34 INVESTMENT COMPANY. FMI is not (i) an "investment company," or an
"affiliated person" of, or "promoter" or "principal underwriter" for, an
"investment company," as such terms are defined in the Investment Company Act of
1940, as amended, or (ii) a "holding company" or a "subsidiary company" of a
"holding company" or an affiliate of a "holding company" or of a "subsidiary
company" of a "holding company" or a "public utility" within the meaning of the
Public Utility Holding Company of 1935, as amended, or (iii) a "public utility"
within the meaning of the Federal Power Act of 1920, as amended.

      3.35 FOREIGN ASSET CONTROL REGULATIONS. FMI is not a "national" of any
"designated foreign country", within the meaning of the Foreign Asset Control
Regulations or the Cuban Asset Control Regulations of the U.S. Treasury
Department, 31 C.F.R., Subtitle B, Chapter V, as amended, or any regulations or
rulings issued thereunder.

      3.36 TRANSACTIONS WITH AFFILIATES. Except as set forth in SCHEDULE 3.36,
none of the officers, directors or employees of FMI is presently a party to any
transaction with FMI (other than for ordinary course services as employees,
officers or directors), including any contract, agreement or other arrangement
providing for the furnishing of services to or by, providing for rental of real
or personal property to or from, or otherwise requiring payments to or from any
such officer, director or employee or, to FMI's Knowledge, any corporation,
partnership, trust or other entity in which any such officer, director, or
employee has a substantial interest or is an officer, director, trustee or
partner.

      3.37 INDEBTEDNESS AND OTHER CONTRACTS. Except for customer contracts and
as disclosed in SCHEDULE 3.37, FMI does not have any outstanding Indebtedness
(as defined below), (i) is not a party to any contract, agreement or instrument,
the violation of which, or default under which, by the other party(ies) to such
contract, agreement or instrument could reasonably be expected to result in a
Material Adverse Effect; (ii) is not in violation of any term of or in default
under any contract, agreement or instrument relating to any Indebtedness, except
where such violations and defaults would not result, individually or in the
aggregate, in a Material Adverse Effect, or (iii) is not a party to any
contract, agreement or instrument relating to any Indebtedness, the performance
of which, in the judgment of FMI's officers, has or is expected to have a
Material Adverse Effect. Immediately after giving effect to the transactions
contemplated hereby, FMI will not have any outstanding Indebtedness, other than
set forth on SCHEDULE 3.37 under the headings Letters of Credit and Capitalized
Leases. For purposes of this Agreement: (x) "Indebtedness" of any Person means,
without duplication (A) all indebtedness for borrowed money, (B) all obligations
issued, undertaken or assumed as the deferred purchase price of property or
services, including (without limitation) "capital leases" in accordance with
generally accepted accounting principles (other than trade payables entered into
in the ordinary course of business), (C) all reimbursement or payment
obligations in respect of letters of credit, surety bonds and other similar
instruments, (D) all obligations evidenced by notes, bonds, debentures or
similar instruments, including obligations so evidenced incurred in connection
with the acquisition of property, assets or businesses, (E) all indebtedness
created or arising under any conditional sale or other title retention
agreement, or incurred as financing, in either case in respect of any property
or assets acquired with the proceeds of such indebtedness (even though the
rights and remedies of the seller or bank under such agreement in the event of
default are limited to repossession or sale of such property), (F) all
indebtedness referred to in clauses (A) through (E) above secured by (or for
which the holder of such Indebtedness has an existing right,

                                       19
<PAGE>

contingent or otherwise, to be secured by) any mortgage, lien, pledge, charge,
security interest or other encumbrance upon or in any property or assets
(including accounts and contract rights) owned by any Person, even though the
Person which owns such assets or property has not assumed or become liable for
the payment of such indebtedness, and (G) all Contingent Obligations in respect
of indebtedness or obligations of others of the kinds referred to in clauses (A)
through (F) above; (y) "Contingent Obligation" means, as to any Person, any
direct or indirect liability, contingent or otherwise, of that Person in respect
of any indebtedness, lease, dividend or other obligation of another Person if
the primary purpose or intent of the Person incurring such liability, or the
primary effect thereof, is to provide assurance to the obligee of such liability
that such liability will be paid or discharged, or that any agreements relating
thereto will be complied with, or that the holders of such liability will be
protected (in whole or in part) against loss in respect thereof; and (z)
"Person" means an individual, a limited liability company, a partnership, a
joint venture, a corporation, a trust, an unincorporated organization or a
government or any department or agency thereof.

      3.38 SUBSIDIARY RIGHTS. Except as set forth on SCHEDULE 3.38, FMI Holdco
or one of its Subsidiaries has the unrestricted right to vote, and (subject to
limitations imposed by applicable law) to receive dividends and distributions
on, all capital securities of its subsidiaries as owned by FMI Holdco or such
Subsidiary.

      3.39 INTERNAL ACCOUNTING CONTROLS. FMI maintains a system of internal
accounting controls sufficient to provide reasonable assurance that (i)
transactions are executed in accordance with management's general or specific
authorizations, (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with generally accepted
accounting principles and to maintain asset and liability accountability, (iii)
access to assets or incurrence of liabilities is permitted only in accordance
with management's general or specific authorization and (iv) the recorded
accountability for assets and liabilities is compared with the existing assets
and liabilities at reasonable intervals and appropriate action is taken in
respect of any difference.

      3.40 DISCLOSURE. All disclosure, oral or written, provided to Purchaser
regarding FMI, its respective businesses and the transactions contemplated
hereby, including the Schedules to this Equity Purchase Agreement, furnished by
or on behalf of FMI is true and correct and does not contain any untrue
statement of a material fact or omit to state any material fact necessary in
order to make the statements made therein, in the light of the circumstances
under which they were made, not misleading. Each press release issued by FMI or
its subsidiaries during the twelve (12) months preceding the date of this Equity
Purchase Agreement did not at the time of release contain any untrue statement
of a material fact or omit to state a material fact required to be stated
therein or necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading. No event or
circumstance has occurred or information exists in respect of FMI or any of its
subsidiaries or its or their business, properties, prospects, operations or
financial conditions, which, under applicable law, rule or regulation, requires
public disclosure or announcement by FMI but which has not been so publicly
announced or disclosed.

                                       20
<PAGE>

      3.41 U.S. REAL PROPERTY HOLDING CORPORATION. FMI is not, nor has it ever
been, a U.S. real property holding corporation within the meaning of Section 897
of the Internal Revenue Code, and FMI Holdco shall so certify upon Purchaser's
request.

                                       21
<PAGE>

                                   ARTICLE IV
                   REPRESENTATIONS AND WARRANTIES OF PURCHASER

      Purchaser represents and warrants to FMI Holdco and the Sellers that:

      4.1 CORPORATE ORGANIZATION AND QUALIFICATION. Purchaser is a corporation
duly organized and validly existing under the laws of Delaware and is qualified
and in good standing as a foreign corporation in each jurisdiction where the
properties owned, leased or operated, or the business conducted by it, require
such qualification, except where failure to so qualify or be in good standing
would not have a Purchaser Material Adverse Effect (as defined below). Purchaser
has all requisite power and authority to own, lease and operate its properties
and to carry on its business as it is now being conducted. "Purchaser Material
Adverse Effect" means any adverse change in the properties, financial condition,
business or results of operations of Purchaser which is material to PubCo or
Purchaser; provided, however, that the following shall not be considered a
"Material Adverse Effect": (i) changes, events, violations, inaccuracies,
circumstances and effects that are caused by conditions affecting the United
States economy as a whole or affecting the industry in which PubCo and Purchaser
compete, which conditions do not affect PubCo and Purchaser in a
disproportionate manner, or (ii) a change that results from the taking of any
action required by this Equity Purchase Agreement or the agreements and actions
contemplated herein.

      4.2 AUTHORITY RELATIVE TO THIS EQUITY PURCHASE AGREEMENT. Purchaser has
the requisite corporate power and authority to approve, authorize, execute and
deliver this Equity Purchase Agreement and to consummate the transactions
contemplated. This Equity Purchase Agreement and the consummation by Purchaser
of the transactions contemplated hereby have been duly and validly authorized by
the Board of Directors of Purchaser. This Equity Purchase Agreement has been
duly and validly executed and delivered by Purchaser and constitutes the valid
and binding agreement of Purchaser, enforceable against Purchaser in accordance
with its terms, subject, as to enforceability, to bankruptcy, insolvency,
reorganization, moratorium and other laws of general applicability relating to
or affecting creditors' rights and to general principles of equity.

      4.3 CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and
delivery of this Equity Purchase Agreement nor the consummation by Purchaser of
the transactions contemplated hereby will (i) conflict with or result in any
breach of any provision of its Certificate of Incorporation or Bylaws; (ii)
require any consent, approval, authorization or permit of, or registration,
declaration or filing with or notification to, any governmental authority,
except such consents, approvals, authorizations, permits, filings or
notifications where the failure to obtain such consent, approval, authorization
or permit, or to make such filing or notification, could not in the aggregate
reasonably be expected to have a Purchaser Material Adverse Effect or adversely
affect the ability of Purchaser to consummate the transactions contemplated
hereby; (iii) result in a violation or breach of, or constitute (with or without
notice or lapse of time or both) a default (or give rise to any right of
termination, cancellation or acceleration or lien or other charge or
encumbrance) under any of the terms, conditions or provisions of any material
note, license, agreement or other instrument or obligation to which Purchaser or
any of its assets may be bound, except for such violations, breaches and
defaults (or rights of termination, cancellation or acceleration or lien or
other charge or encumbrance) as to which requisite waivers

                                       22
<PAGE>

or consents have been obtained; or (iv) violate any order, writ, injunction,
decree, statute, rule or regulation applicable to Purchaser or to any of its
assets, except for violations which could not in the aggregate reasonably be
expected to have a Purchaser Material Adverse Effect or adversely affect the
ability of Purchaser to consummate the transactions contemplated hereby.

      4.4 GOVERNMENTAL APPROVALS AND FILING. No consent, approval or action of,
filing with or notice to any governmental or regulatory authority on the part of
Purchaser is required in connection with the execution, delivery and performance
of this Equity Purchase Agreement to which it is a party or the consummation of
the transactions contemplated hereby, except where the failure to obtain any
such consent, approval or action, to make any such filing or to give any such
notice would not reasonably be expected to adversely affect the ability of
Purchaser to consummate the transactions contemplated by this Equity Purchase
Agreement or to perform its obligations hereunder.

      4.5 PURCHASE ENTIRELY FOR OWN ACCOUNT. The FMI Blocker Shares, the
Indosuez CMII Units, the Indosuez Capital Units, the ACAS Units, the FMI Units
and the FMI Group Units (collectively, the "Purchased Securities") will be
acquired for investment for Purchaser's own account, not as a nominee or agent,
and not with a view to the resale or distribution of any part thereof. Purchaser
has no present intention of selling, granting any participation in, or otherwise
distributing the same. Purchaser does not have any contract, undertaking,
agreement or arrangement with any person to sell, transfer or grant
participations to such person or to any third person, with respect to any of the
Purchased Securities.

      4.6 INVESTMENT EXPERIENCE. Purchaser acknowledges that it is an
"accredited investor" within the meaning of SEC Rule 501 of Regulation D of the
Act, as presently in effect.

      4.7 RESTRICTED SECURITIES. Purchaser understands that the Purchased
Securities have not been registered under the Act, or under the laws of any
jurisdiction, that the Purchased Securities must be held indefinitely unless
they are subsequently registered under the Act or an exemption from registration
under the Act covering the sale of the Purchased Securities is available, and
that the Purchased Securities are characterized as "restricted securities" under
the 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 Act
only in certain limited circumstances. In this connection, Purchaser represents
that it is familiar with SEC Rule 144, as presently in effect, and understands
the resale limitations imposed thereby and by the Act, including without
limitation, the Rule 144 condition that current information about the Company be
made available to the public.

      4.8 ACKNOWLEDGMENTS. Purchaser is aware that: (i) investment in the
Purchased Securities involves a high degree of risk, lack of liquidity and
substantial restrictions on transferability of interest, and (ii) no federal or
state agency has made any finding or determination as to the fairness for
investment by the public, nor any recommendation or endorsement of the Purchased
Securities.

      4.9 CAPITALIZATION. Immediately following the closings of the
Reorganization, the Acquisitions and the Financings (each as defined in the
PPM), the capitalization of Purchaser

                                       23
<PAGE>

and PubCo will be as described in the PPM in all material respects (except that
the capitalization set forth is prior to giving effect to the Reverse Stock
Split).

                                    ARTICLE V
                       ADDITIONAL COVENANTS AND AGREEMENTS

      5.1 FILINGS; OTHER ACTION. Subject to the terms and conditions herein
provided, FMI Holdco, the Sellers and Purchaser shall: (i) promptly make their
respective filings and thereafter make any other required submissions; and (ii)
use commercially reasonable efforts promptly to take, or cause to be taken, all
other actions and do, or cause to be done, all other things necessary, proper or
appropriate under applicable laws and regulations to consummate and make
effective the transactions contemplated by this Equity Purchase Agreement as
soon as practicable.

      5.2 REGISTRATION OF SHARES. Purchaser shall cause PubCo to file a
registration statement with the SEC on Form S-1 or other appropriate form to
register the resale of the Seller's Common Stock issued to the holders at
Closing.

      5.3 NORMAL COURSE. From the date hereof through the Closing Date, FMI
shall use its commercially reasonable efforts to (i) preserve intact in all
material respect the operations, activities and practices of the Business; (ii)
keep available the services of its present officers, employees, consultants and
agents, except for employee turnover in the ordinary course of business; and
(iii) maintain its present business operations and preserve its goodwill.

      5.4 CONDUCT OF BUSINESS. From the date hereof until the Closing, FMI shall
not, except as contemplated by this Equity Purchase Agreement, directly or
indirectly, do any of the following without the prior written consent of
Purchaser, which consent shall not be unreasonably withheld:

            (a) amend or otherwise modify its constitutional documents;

            (b) issue, sell, dispose of or encumber or authorize the issuance,
sale, disposition or encumbrance of, or grant or issue any option, warrant or
other right to acquire or make any agreement with respect to, any of its equity
interests or capital stock, as applicable or any other of its securities or any
security convertible or exercisable into or exchangeable for any such shares or
securities, or alter any term of any of its outstanding securities or make any
change in its outstanding equity interests or shares of capital stock as
applicable or its capitalization, whether by reason of a reclassification,
recapitalization, stock split, combination, exchange or readjustment of shares
or interests, stock dividends or otherwise, except for the cancellation of the
FMI Holdco Special Bonus Plan and the FMI Holdco 2003 Unit Plan and all
outstanding awards under such plans and the implementation of the FMI Holdco
2006 Special Bonus Plan;

            (c) encumber any material assets or properties of the FMI other than
in the ordinary course of business;

            (d) declare, set aside, make or pay any dividend or other
distribution to any equity holder other than as contemplated by this Equity
Purchase Agreement;

                                       24
<PAGE>

            (e) redeem, purchase or otherwise acquire any equity interest or
other securities of FMI other than as contemplated by this Equity Purchase
Agreement;

            (f) increase the compensation or other remuneration or benefits
payable or to become payable to any director or officer of FMI, or increase the
compensation or other remuneration or benefits payable or to become payable to
any of its other employees or agents other than grants under the FMI Holdco 2006
Special Bonus Plan;

            (g) adopt or (except as otherwise required by law) amend or make any
unscheduled contribution to any Company Benefit Plan for or with employees, or
enter into any collective bargaining agreement other than the FMI Holdco 2006
Special Bonus Plan;

            (h) sell, transfer, lease or otherwise dispose of any of its assets
or properties, except in the ordinary course of business consistent with past
practice;

            (i) cancel, compromise, release or waive any material debt, claim or
right;

            (j) make any loan or advance to any person other than travel and
other similar routine advances in the ordinary course of business consistent
with past practice, or acquire any capital stock or other securities or any
ownership interest in, or substantially all of the assets of, any other business
enterprise;

            (k) make any material capital investment or expenditure or capital
improvement, addition or betterment involving an aggregate expenditure of more
than $200,000;

            (l) change its method of accounting or the accounting principles or
practices utilized in the preparation of the financial statements, other than as
required by GAAP;

            (m) institute or settle any proceeding before any governmental
authority relating to it or its assets or properties;

            (n) adopt a plan of dissolution or liquidation with respect to FMI;

            (o) enter into any contract not in the ordinary course of business
consistent with past practice;

            (p) make any new election with respect to Taxes or any change in
current elections with respect to Taxes, or settle or compromise any federal,
state, local or foreign Tax liability or agree to an extension of a statute of
limitations;

            (q) take or omit to take any action that would constitute a material
violation of or material default under, or waive any rights under, any material
contract; or

            (r) enter into any commitment to do any of the foregoing, or any
action which would make any of the representations or warranties of FMI
contained in this Equity Purchase Agreement untrue or incorrect in any material
respect (subject to the knowledge and materiality limitations set forth therein)
or cause any covenant, condition or agreement of FMI in this Agreement not to be
complied with or satisfied in any material respect.

                                       25
<PAGE>

      5.5 SECURITIES LAW REQUIREMENTS.

      FMI shall promptly furnish to Purchaser all information concerning FMI
Holdco as Purchaser may reasonably request in connection with the preparation of
PubCo's current report on form 8K relating to the Merger and PubCo's
registration statement on Form S-1 contemplated hereby (the "SEC Filings"). The
information provided by PubCo for inclusion in the SEC Filings shall not, at the
time of each of the SEC Filings is filed with the SEC and in the case of the
registration statement at the time it becomes effective under the Securities
Act, contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary in order to make the
statements therein not misleading.

      5.6 CERTAIN FILINGS. FMI shall cooperate with Purchaser with respect to
all filings with governmental authorities that are required to be made by FMI to
carry out the transactions contemplated by this Equity Purchase Agreement. FMI
shall assist Purchaser in making all such filings, applications and notices as
may be necessary or desirable in order to obtain the authorization, approval or
consent of any governmental authority which may be reasonably required or which
Purchaser may reasonably request in connection with the consummation of the
transactions contemplated hereby. Without limiting the generality of the
foregoing, if the transactions contemplated hereby are subject to the
Hart-Scott-Rodino Act, the parties hereto shall promptly and in good faith file
or cause to be filed the appropriate notifications with respect to the Merger
and such transactions, respond to any requests for additional information and
documents and provide the necessary information and make the necessary filings
under such Act.

      5.7 NOTIFICATION OF CERTAIN MATTERS. FMI shall promptly notify Purchaser
of (i) the occurrence or non-occurrence of any fact or event of which FMI has
knowledge which would be reasonably likely (A) to cause any representation or
warranty of FMI contained in this Equity Purchase Agreement to be untrue or
incorrect in any material respect at any time from the date hereof to the
Closing or (B) to cause any covenant, condition or agreement of FMI in this
Equity Purchase Agreement not to be complied with or satisfied in any material
respect and (ii) any failure of FMI to comply with or satisfy any covenant,
condition or agreement to be complied with or satisfied by it hereunder in any
material respect; provided, however, that no such notification shall affect the
representations or warranties of FMI, or the right of Purchaser to rely thereon,
or the conditions to the obligations of Purchaser, or the remedies available
hereunder to Purchaser. FMI shall give prompt notice to Purchaser of any notice
or other communication from any third Person alleging that the consent of such
third Person is or may be required in connection with the transactions
contemplated by this Equity Purchase Agreement. To the extent that FMI delivers
a written notice to Purchaser at least three days prior to the Closing Date that
discloses actions taken by FMI in the ordinary course of business after the date
of this Equity Purchase Agreement that comply with Section 5.3 and 5.4 hereof
and are not reasonably expected to have a Material Adverse Effect on FMI, such
actions may not be the basis for termination of this Equity Purchase Agreement
by Purchaser.

      5.8 NO SOLICITATION. From the date hereof until the earlier of (i)
September 15, 2006, (ii) termination of this Agreement by Purchaser or (iii) the
Closing, FMI shall not, and or shall not permit any, officer, director,
shareholder, employee, investment banker or other agent of FMI to, directly or
indirectly, (A) solicit, engage in discussions or negotiate with any Person
(whether or not such discussions or negotiations are initiated by FMI), or take
any other action intended or

                                       26
<PAGE>

designed to facilitate the efforts of any person, other than Purchaser, relating
to the possible acquisition of FMI (whether by way of merger, purchase of
capital stock, purchase of assets or otherwise) or any significant portion of
its capital stock or assets (with any such efforts by any such person to make
such an acquisition referred to as an "Alternative Acquisition"), (B) provide
information with respect to FMI to any person, other than Purchaser, relating to
a possible Alternative Acquisition by any person, other than Purchaser, (C)
enter into an agreement with any person, other than Purchaser, providing for a
possible Alternative Acquisition or (D) make or authorize any statement,
recommendation or solicitation in support of any possible Alternative
Acquisition by any person, other than by Purchaser.

      5.9 ACCESS TO INFORMATION; CONFIDENTIALITY. Upon reasonable written
notice, FMI Holdco shall permit representatives of Purchaser to have reasonable
access (at reasonable times and upon reasonable notice and in a manner so as not
to interfere with the normal business operations of FMI Holdco) to all premises,
properties, financial and accounting records, contracts, other records and
documents, and personnel of or pertaining to FMI, all in accordance with the
terms of the Confidentiality Agreement dated April 26, 2006 between Maritime
Logistics Holding Inc. and FMI. No investigation or examination by Purchaser
shall diminish, obviate or constitute a waiver of the enforcement of any of the
representations, warranties, covenants or agreements of FMI under this
Agreement.

      5.10 COMMERCIALLY REASONABLE BEST EFFORTS; FURTHER ACTION.

            (a) Upon the terms and subject to the conditions hereof, each of the
parties hereto shall use its commercially reasonable efforts (exercised
diligently and in good faith) to take, or cause to be taken, all actions and to
do, or cause to be done, all other things reasonably necessary, proper or
advisable to consummate and make effective as promptly as practicable the
transactions contemplated by this Equity Purchase Agreement, to obtain in a
timely manner all necessary waivers, consents, authorizations and approvals and
to effect all necessary registrations and filings, and otherwise to satisfy or
cause to be satisfied all conditions precedent to its obligations under this
Equity Purchase Agreement.

            (b) Notwithstanding any provision of this Equity Purchase Agreement
to the contrary, Purchaser shall not be obligated to divest, abandon, license,
dispose of, hold separate or take similar action with respect to any portion of
the business, assets or properties (tangible or intangible) of Purchaser, any of
its subsidiaries or FMI in connection with seeking to obtain or obtaining any
waiver, consent, authorization or approval of any Person associated with the
consummation of the transactions contemplated hereby or otherwise.

            (c) If, at any time after the Closing, any such further action is
necessary or desirable to carry out the purposes of this Agreement and to vest
Purchaser with full right, title and possession to all assets, property, rights,
privileges, powers and franchises of FMI, the officers and directors of FMI and
its subsidiaries immediately prior to the Closing are fully authorized in the
name of their respective entities or otherwise to take, and will take, all such
lawful and necessary or desirable action.

                                       27
<PAGE>

                                   ARTICLE VI
                                   CONDITIONS

      6.1 CONDITIONS TO THE OBLIGATIONS OF PURCHASER. The obligation of
Purchaser to consummate the Equity Purchase Agreement is subject to the
fulfillment at or prior to the Closing of the following conditions, any or all
of which may be waived in whole or in part by Purchaser to the extent permitted
by applicable law.

            (a) DELIVERIES. The Sellers have each delivered to Purchaser:

                  (i) STOCK CERTIFICATES. Stock certificates representing the
      FMI Blocker Shares duly endorsed in appropriate form for transfer and such
      instruments of transfer, stock powers, assignments and other instruments
      and documents as Brown Rudnick Berlack Israels LLP, attorneys for
      Purchaser, may reasonably require as necessary or desirable for
      transferring and assigning to Purchaser good and marketable title to the
      FMI Units, the FMI Group Units, the FMI Blocker Shares, the Indosuez CMII
      Units, the Indosuez Capital Units and the ACAS Units to be conveyed
      hereunder, free of all mortgages, liens, pledges, security interests,
      claims and encumbrances of any nature.

                  (ii) CORPORATE BOOKS OF FMI HOLDCO AND FMI BLOCKER. Original
      minute books (including certified copies of the constitutional documents
      and all amendments thereto), membership/share certificate books and
      ledgers, corporate seals and all other books of FMI Holdco and FMI
      Blocker.

                  (iii) RESIGNATIONS. Resignations of all directors and officers
      of each of FMI Holdco and FMI Blocker.

                  (iv) PAY-OFF LETTERS. The Pay-off Letters.

                  (v) OPTION HOLDER RELEASE AGREEMENTS. An Option Holder Release
      Agreement in the form of EXHIBIT K executed by each option holder set
      forth on SCHEDULE 6.1.

                  (vi) CERTIFICATES. (i) Copies, certified as true and complete
      by an officer of each of FMI and FMI Blocker, of the constitutional
      documents thereof; (ii) certificate of the Secretary of each of the
      Sellers certifying that it legally and beneficially owns all of the
      authorized, issued and outstanding capital stock of FMI Blocker or the FMI
      Holdco membership interests, as the case may be, of which it has an
      ownership interest; and (iii) good standing certificates of Purchaser and
      FMI Blocker.

                  (vii) TERMINATION OF PLANS. Evidence of the cancellation of
      the FMI Holdco Special Bonus Plan and the FMI Holdco 2003 Unit Plan and
      all outstanding awards under such plans.

                  (viii) MANAGEMENT AGREEMENT. Evidence of the termination of
      the Management Agreement by and between KRG Capital Management, L.P. and
      FMI Holdco, dated as of April 15, 2003 (the "Management Agreement").

                                       28
<PAGE>

                  (ix) OTHER DOCUMENTS. All other documents, instruments or
      writings required to be delivered to Purchaser at or prior to the Closing
      pursuant to this Equity Purchase Agreement and such other certificates of
      authority and documents as Purchaser may reasonably request.

            (b) ACCURACY OF REPRESENTATIONS. The representations and warranties
of the Sellers and FMI set forth in this Equity Purchase Agreement shall be true
and correct on and as of the Closing with the same force and effect as though
the same had been made on and as of the Closing (except to the extent they
relate to a particular date), except for such failures to be true and correct
which in the aggregate could not reasonably be expected to result in a Material
Adverse Effect, and the Sellers and FMI Holdco shall have performed in all
material respects all of their material obligations under this Equity Purchase
Agreement theretofore to be performed.

            (c) INJUNCTION. ETC. There shall not be (i) in effect any
preliminary or permanent injunction or other order of a court or governmental or
regulatory agency of competent jurisdiction which restrains, enjoins or
otherwise prohibits, or imposes material and adverse conditions upon
consummation of the transactions contemplated herein, (ii) in effect any pending
or threatened suit, action or proceeding by any governmental or regulatory
agency of competent jurisdiction or any third party seeking to prohibit or limit
the ownership or operation by Purchaser, or to compel Purchaser to dispose of
any assets, of FMI or FMI Blocker in each case, as a result of the transactions
contemplated hereby, or (iii) any pending or threatened action by a government
or regulatory agency of competent jurisdiction which could have any of the
effects referred to in (i) above; provided, however, that prior to invoking this
condition Purchaser shall use commercially reasonable efforts to have such
injunction or order vacated.

            (d) GOVERNMENTAL FILINGS AND CONSENTS. Except as provided in
SCHEDULE 3.4, all governmental filings required to be made prior to the Closing
by FMI and each of the Sellers with, and all governmental consents required to
be obtained prior to the Closing by each of the Sellers or Purchaser from,
governmental and regulatory authorities in connection with the execution and
delivery of this Equity Purchase Agreement by each of FMI and the Sellers or
Purchaser and the consummation of the transactions contemplated hereby shall
have been made or obtained, except where the failure to make such filing or
obtain such consent which would not reasonably be expected to result in a
Material Adverse Effect.

            (e) ABSENCE OF LITIGATION. No action, sale or proceeding before any
court or any government authority, pertaining to the transactions contemplated
by this Equity Purchase Agreement or to its consummation, shall have been
instituted or to FMI's Knowledge threatened against FMI or FMI Blocker on or
before Closing.

            (f) THIRD PARTY CONSENTS. All required authorizations, consents and
approvals of any third party (other than a governmental authority), the failure
to obtain of which could reasonably be expected to have a Material Adverse
Effect, shall have been obtained.

            (g) THE MERGER AGREEMENT. The Merger Agreement shall have been
executed by all parties thereto.

                                       29
<PAGE>

            (h) THE VOTING AGREEMENT. The Voting Agreement shall have been
executed by all parties thereto.

            (i) PRIVATE PLACEMENTS. On the Closing date, PubCo shall have
completed a private placement of (i) the Common Stock and Warrants raising gross
proceeds of at least $25,000,000 and on terms acceptable to Purchaser; and (ii)
the Convertible Notes raising gross proceeds of $60,000,000 and on terms
acceptable to Purchaser (together, the "Private Placements").

            (j) CREDIT FACILITY. On the Closing date, Purchaser and the Lenders
shall have executed the Credit Agreement with a term loan of at least
$60,000,000 and permitting revolving credit borrowings of up to $10,000,000

            (k) REGISTRATION RIGHTS AGREEMENT. The Registration Rights Agreement
shall have been executed by all parties thereto.

            (l) MANAGEMENT RESTRICTED STOCK AGREEMENT. The Management Restricted
Stock Agreement shall have been executed by all parties and the employment
agreements with Key Employees (as defined in the Merger Agreement), and the
ISO/non-qualified stock option plans shall have been adopted by PubCo on terms
satisfactory to Purchaser.

      6.2 CONDITIONS TO THE OBLIGATIONS OF SELLERS. The obligation of Sellers to
consummate the Equity Purchase Agreement is subject to the fulfillment at or
prior to the Closing of the following conditions, any or all of which may be
waived in whole or in part by Sellers to the extent permitted by applicable law.

            (a) DELIVERY OF PURCHASE PRICE. Purchaser has delivered to the
Representative on behalf of each of the Sellers the Total Purchase Price as
provided in Article I, Sections A.1.4, B.1.4, C.1.4, D.1.4, E.1.4, and F.1.4
hereof, including stock certificate(s) (or as effected with the stock transfer
agent) representing the Common Stock portion of the Total Purchase Price.

            (b) OTHER DOCUMENTS. FMI shall be reasonably satisfied with the
terms of the following, all of which shall have been executed and delivered in
accordance with their terms: agreements related to the Merger; the Convertible
Notes Purchase Agreement; the Convertible Notes; the Note Warrants; the
Registration Rights Agreement; the Restricted Stock Agreement; the Senior Notes
Purchase Agreement; the Senior Notes; the PIPE Purchase Agreement; the PIPE
Warrants and the Voting Agreement.

            (c) ACCURACY OF REPRESENTATIONS. The representations and warranties
of Purchaser set forth in this Equity Purchase Agreement shall be true and
correct on and as of the Closing with the same force and effect as though the
same had been made on and as of the Closing (except to the extent they relate to
a particular date), except for such failures to be true and correct which in the
aggregate could not reasonably be expected to result in a Material Adverse
Effect (for purposes of this sentence only, substituting the word "Purchaser"
for "FMI" in the definition of Material Adverse Effect), and Purchaser shall
have performed in all material respects all of its obligations under this Equity
Purchase Agreement theretofore to be performed.

                                       30
<PAGE>

            (d) INJUNCTION. There shall be (i) in effect no preliminary or
permanent injunction or other order of a court or governmental or regulatory
agency of competent jurisdiction which restrains, enjoins or otherwise
prohibits, or imposes material and adverse conditions upon consummation of the
transactions contemplated herein, or (ii) any pending or to Purchaser's
Knowledge threatened action by a governmental or regulatory agency of competent
jurisdiction which could have any of the effects referred to in (i) above;
provided, however, that prior to invoking this condition Purchaser shall use
commercially reasonable efforts to have such injunction or order vacated.

            (e) GOVERNMENTAL FILINGS AND CONSENTS. Except as provided in
SCHEDULE 3.4, governmental filings required to be made prior to the Closing by
Purchaser with, and all governmental consents required to be obtained prior to
the Closing by the Sellers or Purchaser from, governmental and regulatory
authorities in connection with the execution and delivery of this Equity
Purchase Agreement by Purchaser or the Sellers and the consummation of the
transactions contemplated hereby shall have been made or obtained, except where
the failure to make such filing or obtain such consent which would not
reasonably be expected to result in a Material Adverse Effect.

            (f) ABSENCE OF LITIGATION. No action, sale or proceeding before any
court or any government authority, pertaining to the transactions contemplated
by this Equity Purchase Agreement or to its consummation, shall have been
instituted or to Purchaser's Knowledge threatened against FMI or FMI Blocker on
or before Closing.

            (g) THIRD PARTY CONSENTS. All required authorizations; consents and
approvals of any third party (other than a governmental authority), the failure
to obtain of which could reasonably be expected to have a Material Adverse
Effect, shall have been obtained.

            (h) LETTERS OF CREDIT. Purchaser shall have delivered satisfactory
evidence of the replacement or cash collateralization of each of the letters of
credit set forth on SCHEDULE 3.34.

            (i) ACCOUNTING EXPENSE. Purchaser shall have delivered to the
Representative on behalf of the Sellers the accounting expenses referred to in
Section 1.4.

            (j) BONUS PAYMENTS. The Bonus Payments shall have been made.

                                   ARTICLE VII
                                   TERMINATION

      7.1 TERMINATION. This Equity Purchase Agreement may be terminated, and the
transactions contemplated hereby may be abandoned, at any time prior to the
Closing, whether before or after approval by the Sellers:

            (a) by mutual written consent of FMI and Purchaser.

            (b) by either FMI or Purchaser, if the Closing shall not have been
consummated on or before October 27, 2006 (unless, in the case of any such
termination pursuant to this Section 7.1(b), the failure of the Closing to occur
shall have been caused by the

                                       31
<PAGE>

action or failure to act of the party seeking to terminate this Equity Purchase
Agreement, which action or failure to act constitutes a breach of such party's
obligations under this Equity Purchase Agreement).

            (c) by either FMI or Purchaser, if any permanent injunction, order,
decree or ruling by any governmental entity of competent jurisdiction preventing
the consummation of the Closing shall have become final and nonappealable;
provided, however, that the party seeking to terminate this Equity Purchase
Agreement pursuant to this Section 7.1(c) shall have used its reasonable best
efforts to remove such injunction or overturn such action.

            (d) by Purchaser, if there has been a material breach by FMI or the
Sellers of any of its representation or warranties, or covenants or agreements
set forth in this Equity Purchase Agreement, which breach is not curable or, if
curable, is not cured within 45 days after written notice of such breach is
given by Purchaser to FMI.

            (e) by FMI, if there has been a material breach by Purchaser of any
of its representations or warranties, covenants or agreements set forth in this
Equity Purchase Agreement, which breach is not curable or, if curable, is not
cured within 45 days after written notice of such breach is given by FMI to
Purchaser.

      7.2 EFFECT OF TERMINATION. In the event of termination of this Equity
Purchase Agreement pursuant to this Article VII, the transactions contemplated
hereby shall be deemed abandoned and this Equity Purchase Agreement shall
forthwith become void, except that the Confidentiality Agreement dated June 21,
2006 between FMI Holdco and Purchaser (the "Confidentiality Agreement") shall
survive any termination of this Equity Purchase Agreement; provided, however,
that nothing in this Equity Purchase Agreement shall relieve any party from
liability for any material breach of this Equity Purchase Agreement.

                                  ARTICLE VIII
                                  MISCELLANEOUS

      8.1 PAYMENT OF EXPENSES. Except as provided in Article I, Section G.1.4,
Purchaser on the one hand and Sellers on the other hand will each pay their own
expenses, including legal fees (together, "Expenses"), in connection with the
negotiation, execution and performance of this Equity Purchase Agreement. Each
Seller's reasonable Expenses shall be reimbursed by Representative from the
Total Purchase Price.

      8.2 NON-SURVIVAL OF WARRANTIES. The representations and warranties of the
parties contained in this Equity Purchase Agreement shall not survive the
Closing.

      8.3 NOTICES. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly delivered if
addressed as set forth below (or to such other address as a party notifies the
other parties hereto) upon receipt if delivered in person, the business day sent
(or next business day if not sent on a business day) if sent by facsimile with
receipt confirmation, or one business day after delivery to a reputable
overnight courier for next business day delivery:

                                       32
<PAGE>

                   If to FMI or Sellers to:

                   FMI Holdco, Inc.
                   c/o KRG Capital Partners
                   The Park Central Building
                   1515 Arapahoe Street, Suite 1500
                   Denver, CO 80202
                   Facsimile: 303-390-3015
                   Attention: Charles Gwirtsman

                   With a copy (which shall not constitute notice) to:

                   Brownstein Hyatt & Farber, P.C.
                   410 17th Street
                   Denver, CO 80202
                   Facsimile: 303-223-1111
                   Attention: Jeff Knetsch

                   If to Purchaser, to:

                   Maritime Logistics (Holdings) Inc.
                   547 Boulevard
                   Kenilworth, New Jersey
                   Facsimile:
                   Attention: Robert A. Agresti

                                       33
<PAGE>

                   With a copy (which shall not constitute notice) to:

                   Brown Rudnick Berlack Israels LLP
                   7 Time Square
                   New York, New York 10036
                   Facsimile:
                   Attention: Raymer McQuiston

      8.4 BENEFIT. The terms and conditions of this Equity Purchase Agreement
shall inure to the benefit of and be binding upon the respective successors and
assigns of the parties hereto, but otherwise shall not be construed as creating
rights enforceable by any person not a party to this Equity Purchase Agreement.

      8.5 NON-WAIVER. The failure of any party to insist in any one or more
cases upon the performance of any of the provisions, covenants or conditions of
this Equity Purchase Agreement or to exercise any option herein contained shall
not be construed as a waiver or relinquishment for the future of any such
provisions, covenants or conditions. No waiver by any party of one breach by
another party shall be construed as a waiver with respect to any other
subsequent breach.

      8.6 ENTIRE AGREEMENT. This Equity Purchase Agreement and the
Confidentiality Agreement contain the entire agreement and understanding between
the parties hereto and supersede all prior agreements and understandings.

      8.7 BINDING EFFECT. This Equity Purchase Agreement shall inure to and be
binding upon the heirs, executors, personal representatives, successors and
assigns of each of the parties to this Equity Purchase Agreement.

      8.8 AMENDMENT. Any waiver, amendment, modification or supplement of or to
any term or condition of this Equity Purchase Agreement shall be effective only
if in writing and signed by all parties hereto.

      8.9 APPLICABLE LAW. This Equity Purchase Agreement shall be governed by,
construed and enforced in accordance with the laws of the State of New York,
United States of America without regard to principles of conflicts of laws.

      8.10 SEVERABILITY. If any provision of this Equity Purchase Agreement is
invalid, illegal or unenforceable, the balance of this Equity Purchase Agreement
shall remain in effect, and if any provision is inapplicable to any party or
circumstance, it shall nevertheless remain applicable to all other persons and
circumstances.

      8.11 COUNTERPARTS. This Equity Purchase Agreement may be executed in a
number of counterparts and shall become effective when executed by all of the
parties hereto, notwithstanding the fact that all of them may not have executed
the same counterpart.

      8.12 FINDERS. The parties hereto represent that no finder's fee has been
paid or is payable by either party except for the payments set forth in SCHEDULE
3.19. Each party is

                                       34
<PAGE>

responsible to pay its broker's or finder's fee. The Purchaser assumes no
obligation to pay fees or expenses of BB&T Capital Markets.

      8.13 ANNOUNCEMENTS. The parties will consult and cooperate with each other
as to the timing and content of any public announcements regarding this Equity
Purchase Agreement.

      8.14 REPRESENTATIVE. KRG Capital Management L.P. is hereby appointed as
the representative of Sellers under this Agreement (the "Representative"), and
shall act as exclusive agent and attorney-in-fact to act on behalf of Sellers
with respect to payment to each Seller of its portion of the Total Purchase
Price and all other matters under this Agreement. In the event of resignation
the Representative, a successor may be appointed by a majority of Sellers (based
on their pro rata share of the Total Purchase Price). The Representative shall
have the power to take any and all actions which the Representative believes are
necessary or appropriate or in the best interests of Sellers, as fully as if
each such Seller was acting on its, his or her own behalf, under this Agreement,
and the Representative may take any action or no action in connection therewith
as the Representative may deem appropriate as effectively as any Seller could
act itself, including the settlement or compromise of any dispute or controversy
with respect thereto. The authority granted hereunder is deemed to be coupled
with an interest. Purchaser shall have the right to rely on any actions taken or
omitted to be taken by the Representative in accordance with the foregoing as
being the act or omission of any Seller, without the need for any inquiry, and
any such actions or omissions shall be binding upon each Seller; provided that
in no event may the Representative cause the scope of any Seller's obligations
to exceed that as set forth in this Agreement or to reduce the Purchase Price
other than as contemplated herein. The Representative shall incur no liability,
or expense as a result of any action taken in good faith hereunder, including
any legal fees and expenses.

                                       35
<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Equity Purchase
Agreement as of the day and year first above written.

MARITIME LOGISTICS US HOLDINGS                FMI HOLDCO I, LLC
INC.

By:_____________________________              By: ______________________________
Name:___________________________              Name: ____________________________
Title:__________________________              Title: ___________________________

FMI INC.                                      FMI BLOCKER, INC.

By:_____________________________              By: ______________________________
Name:___________________________              Name: ____________________________
Title:__________________________              Title: ___________________________

FMI GROUP, LLC                                INDOSUEZ CMII, INC.

By:_____________________________              By: ______________________________
Name:___________________________              Name: ____________________________
Title:__________________________              Title: ___________________________

INDOSUEZ CAPITAL PARTNERS. 2003,              ACAS EQUITY HOLDING CORP.
L.L.C.

By:_____________________________              By: ______________________________
Name:___________________________              Name: ____________________________
Title:__________________________              Title: ___________________________

                  Signature Pages to Equity Purchase Agreement

<PAGE>

KRG CAPITAL FUND II, L.P.                     KRG CAPITAL FUND (PA), L.P.

By: KRG Capital Management, LP,               By: KRG Capital Management, LP,
    its General Partner                           its General Partner

    By: KRG Capital, LLC,                         By: KRG Capital, LLC,
        its General Partner                           its General Partner

By:_____________________________              By: ______________________________
Name:___________________________              Name: ____________________________
Title: Managing Director                      Title: Managing Director

KRG CAPITAL FUND (FF), L.P.                   KRG CO-INVESTMENT, LLC

By: KRG Capital Management, LP,
    its General Partner

    By: KRG Capital, LLC,
        its General Partner

By:_____________________________              By: ______________________________
Name:___________________________              Name: ____________________________
Title: Managing Director                      Title: Managing Member

                  Signature Pages to Equity Purchase Agreement

                                       37
<PAGE>

                                  SCHEDULE 2.1

                                FMI Blocker, Inc.

      FMI Blocker, Inc. hereby represents and warrants to Purchaser that:

      1. CORPORATE ORGANIZATION AND QUALIFICATION. FMI Blocker, Inc. ("FMI
Blocker") is a corporation duly organized, validly existing and in good standing
under the laws of Colorado and is qualified and in good standing as a foreign
corporation in each jurisdiction where the properties owned, leased or operated,
or the business conducted by it, require such qualification, except where
failure to so qualify or be in good standing would not have a Material Adverse
Effect (as defined in Section 3.1 of the Equity Purchase Agreement). FMI Blocker
has all requisite power and authority (corporate or otherwise) to own, lease and
operate its properties and to carry on its business as it is now being
conducted. FMI Blocker does not have any subsidiaries or any other interest,
direct or indirect, through stock ownership or otherwise, in any corporations or
business enterprise other than FMI Holdco I, LLC.

      2. CAPITALIZATION. The authorized capital stock of FMI Blocker consists of
40,000,000 shares of common stock, $0.01 par value per share, of which
23,031,970.35 are issued and outstanding. All of the outstanding shares of
capital stock of FMI Blocker have been duly authorized and validly issued, are
fully paid and nonassessable and owned by the persons set forth on SCHEDULE
2.1-2. FMI Blocker does not have any obligation (contingent or other) to
purchase, redeem or otherwise acquire any shares of its capital stock or any
interest therein, or to pay any dividend or make any other distribution in
respect thereof. There are no existing options, warrants, stock appreciation
rights or other rights of any kind to purchase shares of any of FMI Blocker's
capital stock.

      3. AUTHORITY RELATIVE TO THIS EQUITY PURCHASE AGREEMENT. FMI Blocker has
the requisite corporate power and authority to approve, authorize, execute and
deliver this Equity Purchase Agreement and to consummate the transactions
contemplated hereby. This Equity Purchase Agreement and the consummation of the
transaction contemplated hereby have been duly and validly authorized by the
Board of Directors of FMI Blocker and no other corporate proceedings on the part
of FMI Blocker is necessary to authorize this Equity Purchase Agreement or to
consummate the transactions contemplated hereby (other than the approval of the
FMI Blocker Sale by the stockholders of FMI Blocker in accordance with the
CBCA). This Equity Purchase Agreement has been duly and validly executed and
delivered by FMI Blocker and constitutes the valid and binding Equity Purchase
Agreement of FMI Blocker, enforceable against it in accordance with its terms,
subject, as to enforceability, to bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance and other laws of general applicability
relating to or affecting creditors' rights and to general principles of equity.

      4. CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and
delivery of this Equity Purchase Agreement nor the consummation by FMI Blocker
of the transactions contemplated hereby will (i) conflict with or result in any
breach of any provision of its constitutional documentation; (ii) require any
consent, approval, authorization or permit of, or registration, declaration or
filing with or notification to, any governmental entity ("Governmental Entity"),
except such consents, approvals, authorizations, permits, filings or
notifications where

                                 Schedule 2.1-1
<PAGE>

the failure to obtain such consent, approval, authorization or permit, or to
make such filing or notification, could not in the aggregate reasonably be
expected to have a Material Adverse Effect or adversely affect the ability of
FMI Blocker to consummate the transactions contemplated hereby; (iii) result in
a violation or breach of, or constitute (with or without notice or lapse of time
or both) a default (or give rise to any right of termination, cancellation or
acceleration or lien or other charge or encumbrance) under, any of the terms,
conditions or provisions of any material note, license, agreement or other
instrument or obligation to which FMI Blocker or any of its assets may be bound,
which would in the aggregate reasonably be expected to have a Material Adverse
Effect, except for such violations, breaches and defaults (or rights of
termination, cancellation or acceleration or lien or other charge or
encumbrance) as to which requisite waivers or consents have been obtained; or
(iv) violate any order, writ, injunction, decree, statute, rule or regulation
applicable to FMI Blocker or its assets, except for violations which could not
in the aggregate reasonably be expected to have a Material Adverse Effect or
adversely affect the ability of FMI Blocker to consummate the transactions
contemplated hereby.

      5. LITIGATION. There are no civil, criminal or administrative actions,
suits, demands, claims, hearings, notices of violation, investigations, demand
letters or proceedings pending or, to the knowledge of Charles Gwirtsman or
Christopher Bock (the President and Vice President/Treasurer, respectively, of
FMI Blocker) ("FMI Blocker's Knowledge"), threatened against FMI Blocker that
question the validity of this Equity Purchase Agreement or any action to be
taken by FMI Blocker in connection with the consummation of the transactions
contemplated hereby.

      6. FINANCIAL STATEMENTS. SCHEDULE 2.1-6 of this SCHEDULE 2.1 sets forth
the unaudited consolidated balance sheet at December 31, 2005 and unaudited
consolidated balance sheet at June 30, 2006 (the "Base Balance Sheet"),
respectively, the related statement of operations and retained earnings,
statement of stockholder's equity, statement of cash flows and statement of
comprehensive income for the two years and the six months (unaudited) then
ended, respectively, each prepared in accordance with U.S. GAAP, together with
related notes. The books and records of FMI Blocker have been maintained in
accordance with applicable legal and accounting requirements and good business
practices, reflect only valid transaction, are complete and correct in all
material respects and accurately reflect, in all material respects, the basis
for the financial position, results of operations and operating cash flow of FMI
Blocker set forth in such financial statements.

      7. ABSENCE OF CERTAIN CHANGES OR EVENTS. Other than the transactions
contemplated under the Equity Purchase Agreement, since December 31, 2005 the
business of FMI Blocker has been carried on only in the ordinary and usual
course and there has not been any material adverse change in its business,
properties, operations or financial condition and no event has occurred and no
fact or set of circumstances has arisen which has resulted in or could
reasonably be expected to result in a Material Adverse Effect.

      8. EMPLOYMENT AGREEMENTS. FMI Blocker is not a party to any employment,
consulting, non-competition, severance, golden parachute, indemnification
agreement or any other agreement providing for payments or benefits or the
acceleration of payments or benefits upon the consummation of the transactions
contemplated hereby (including, without limitation, any contract to which FMI
Blocker is a party involving employees of FMI).

                                 Schedule 2.1-2
<PAGE>

      9. BROKERS AND FINDERS. Except as set forth in SCHEDULE 3.9 of this Equity
Purchase Agreement, neither the stockholders of FMI Blocker nor FMI Blocker has
employed any investment banker, broker, finder, consultant or intermediary in
connection with the transactions contemplated by this Equity Purchase Agreement
which would be entitled to any investment banking, brokerage, finder's or
similar fee or commission in connection with this Equity Purchase Agreement or
the transactions contemplated hereby.

      10. TAXES. FMI Blocker has (x) filed all returns, declarations, reports,
information returns and statements of whatsoever kind ("Tax Returns") in respect
of all federal, state, county, local, foreign and other Taxes (as defined below)
that it is required to file, and all such Tax Returns are true, complete and
accurate in all material respects and (y) paid or provided for the payment of
all Taxes due with respect to such Tax Returns and all Taxes, if any, required
to be paid for which no return is required. Copies of all federal income Tax
Returns filed by FMI Blocker have been made available to Purchaser for review.
The most recent financial statements of FMI Blocker reflect an adequate reserve
for all Taxes payable by FMI Blocker for all taxable periods and portions
thereof through the date of such financial statements. There are no material
liens for Taxes with respect to any of the assets or properties of FMI Blocker.
FMI Blocker has not been audited by the Internal Revenue Service or any state,
local or foreign taxing jurisdiction and no agreements or consents extending the
period during which any Taxes may be assessed or collected are now in force. No
material adjustments have been proposed by the Internal Revenue Service or by,
or with, any other taxing authority with respect to any open tax years or tax
returns. All material adjustments have been fully paid. Neither FMI Blocker nor
any predecessor of FMI Blocker has at any time filed a consent under Section 341
(f) (1) of the Code, or agreed under Section 341 (f) (3) of the Code to have the
provisions of Section 341 (f) (2) of the Code apply to any disposition of a
subsection (f) asset (as defined in Section 341 (f) (4) of the Code) owned by
FMI Blocker or such predecessor. Neither FMI Blocker nor any of its wholly-owned
subsidiaries (A) has been a member of an affiliated group filing a consolidated
federal income Tax Return (other than a group the common parent of which was FMI
Blocker or (B) has any liability for the Taxes of any entity (other than FMI
Blocker or any of its subsidiaries) under Treas. Reg. 1.1502-6 (or any similar
provision of state, local, or foreign law), as a transferee or successor, by
contract, or otherwise. Neither FMI Blocker nor any of its wholly-owned
subsidiaries will be required to include any item of income in, or exclude any
item of deduction from, taxable income for any taxable period (or portion
thereof) ending after the Closing Date as a result of any: (A) change in method
of accounting for a taxable period ending on or prior to the Closing Date; (B)
"closing agreement" as described in Section 7121 of the Code (or any
corresponding or similar provision of state, local or foreign income Tax law)
executed on or prior to the Closing Date; (C) intercompany transactions or any
excess loss account described in Treasury Regulations under Section 1502 of the
Code (or any corresponding or similar provision of state, local or foreign
income Tax law); (D) installment sale or open transaction disposition made on or
prior to the Closing Date; or (E) prepaid amount received on or prior to the
Closing Date. Neither FMI Blocker or any of its wholly-owned subsidiaries has
distributed stock of another entity, or has had its stock distributed by another
entity, in a transaction that was purported or intended to be governed in whole
or in part by Sections 355 or 361 of the Code. Neither FMI Blocker nor any of
its wholly-owned subsidiaries is a party to any agreement, contract,
arrangement, or plan that has resulted or would result, separately or in the
aggregate, in the payment of any "excess parachute payment" within the meaning
of Section 280G of the Code (or any corresponding provision of state, local, or
foreign Tax law).

                                 Schedule 2.1-3
<PAGE>

      11. EMPLOYEE BENEFITS. FMI Blocker is not a party nor obligated for any
Company Benefit Plans (as defined below) for the employees, directors and
officers of FMI Blocker. For the purposes of this Section 2.1: (i) the term
"Company Benefit Plan" shall include all employee benefit plans (as defined in
Section 3(3) of ERISA) and all other employee benefit arrangements or payroll
practices, including, without limitation, severance pay, sick leave, vacation
pay, salary continuation for disability, scholarship programs, stock option or
restricted stock plans maintained by FMI Blocker or any ERISA Affiliate of FMI
Blocker (whether formal or informal, whether for the benefit of a single
individual or for more than one individual and whether for the benefit of
current or former employees or their beneficiaries) on behalf of FMI Blocker or
any of the employees of FMI Blocker or to which or under which or pursuant to
which FMI Blocker or any ERISA Affiliate of FMI Blocker has contributed or is
obligated to make contributions on behalf of FMI Blocker or any present or
former employees or directors of or consultants to FMI Blocker or pursuant to
which FMI Blocker or any ERISA Affiliate may incur any liability; (ii) the term
"ERISA" shall refer to the Employee Retirement Income Security Act of 1974, as
amended; and (iii) the term "ERISA Affiliate" shall refer to any trade or
business (whether or not incorporated) under common control or treated as a
single employer with FMI Blocker within the meaning of Section 414 (b), (c), (m)
or (o) of the Code.

      12. UNLAWFUL PAYMENTS AND CONTRIBUTIONS. To FMI Blocker's Knowledge,
neither FMI Blocker nor any of its directors, officers, employees or agents has,
with respect to the business of FMI Blocker (i) used any funds for any unlawful
contribution, endorsement, gift, entertainment or other unlawful expense
relating to political activity; (ii) made any direct or indirect unlawful
payment to any foreign or domestic government official or employee; (iii)
violated or is in violation of any provision of the Foreign Corrupt Practices
Act of 1977, as amended; or (iv) made any bribe, rebate, payoff, influence
payment, kickback or other unlawful payment to any Person or Entity.

      13. NO THIRD PARTY OPTIONS. There are no existing agreements, options,
commitments or rights with, of or to any person to acquire any material assets
or rights of FMI Blocker.

      14. NO DEFAULT. The business of FMI Blocker has not been and is not being
conducted in default or violation of any term, condition or provision of (i) its
constitutional documents or similar organizational documents, (ii) any agreement
or (iii) any federal, state, local or foreign law, statute, regulation, rule,
ordinance, judgment, decree, order, writ, injunction, concession, grant,
franchise, permit or license or other governmental authorization or approval
applicable to FMI or relating to any of the property owned, leased or used by
it, or applicable to its business, excluding from the foregoing clauses (i),
(ii) and (iii), defaults or violations that would not, individually or in the
aggregate, have a Material Adverse Effect or materially impair the ability of
FMI to consummate this Equity Purchase Agreement. As of the date of this Equity
Purchase Agreement, no investigation or review by any governmental authority or
other entity with respect to FMI is pending or, to FMI Blocker's Knowledge,
threatened, nor has any governmental authority or other entity indicated an
intention to conduct the same, other than, in each case, those the outcome of
which, as far as reasonably can be foreseen, in the future will not,
individually or in the aggregate, have a Material Adverse Effect on FMI.

      15. RESTRICTIONS ON BUSINESS ACTIVITIES. There is no judgment, injunction,
order or decree binding upon FMI Blocker or to which FMI Blocker is a party
which has or could

                                 Schedule 2.1-4
<PAGE>

reasonably be expected to have the effect of prohibiting or materially impairing
any business practice of FMI Blocker, any acquisition of property by FMI Blocker
or the conduct of business by FMI Blocker as currently conducted other than such
effects, individually or in the aggregate, which have not had and could not
reasonably be expected to have, a Material Adverse Effect on FMI Blocker.

      16. MARGIN STOCK. FMI Blocker is not engaged in the business of extending
credit for the purpose of purchasing or carrying Margin Stock.

      17. INVESTMENT COMPANY. FMI Blocker is not (i) an "investment company," or
an "affiliated person" of, or "promoter" or "principal underwriter" for, an
"investment company," as such terms are defined in the Investment Company Act of
1940, as amended, or (ii) a "holding company" or a "subsidiary company" of a
"holding company" or an affiliate of a "holding company" or of a "subsidiary
company" of a "holding company" or a "public utility" within the meaning of the
Public Utility Holding Company of 1935, as amended, or (iii) a "public utility"
within the meaning of the Federal Power Act of 1920, as amended.

      18. FOREIGN ASSET CONTROL REGULATIONS. FMI Blocker is not a "national" of
any "designated foreign country", within the meaning of the Foreign Asset
Control Regulations or the Cuban Asset Control Regulations of the U.S. Treasury
Department, 31 C.F.R., Subtitle B, Chapter V, as amended, or any regulations or
rulings issued thereunder.

                                 Schedule 2.1-5
<PAGE>

                                  SCHEDULE 2.2

                               INDOSUEZ CMII, INC.

      Indosuez CMII, Inc. hereby represents and warrants to Purchaser that:

      1. CORPORATE ORGANIZATION AND QUALIFICATION. Indosuez CMII Inc. is a
corporation duly organized, validly existing and in good standing under the laws
of the jurisdiction of its incorporation and is qualified and in good standing
as a foreign corporation in each jurisdiction where the properties owned, leased
or operated, or the business conducted by it, require such qualification, except
where failure to so qualify or be in good standing would not have a Material
Adverse Effect (as defined in Section 3.1 of the Equity Purchase Agreement).
Indosuez CMII Inc. has all requisite power and authority (corporate or
otherwise) to own, lease and operate its properties and to carry on its business
as it is now being conducted.

      2. AUTHORITY RELATIVE TO THIS EQUITY PURCHASE AGREEMENT. Indosuez CMII,
Inc. has the requisite corporate power and authority to approve, authorize,
execute and deliver this Equity Purchase Agreement and to consummate the
transactions contemplated hereby. This Equity Purchase Agreement and the
consummation of the transaction contemplated hereby have been duly and validly
authorized by the Board of Directors of Indosuez CMII, Inc. and no other
corporate proceedings on the part of Indosuez CMII, Inc. is necessary to
authorize this Equity Purchase Agreement or to consummate the transactions
contemplated hereby. This Equity Purchase Agreement has been duly and validly
executed and delivered by Indosuez CMII, Inc. and constitutes the valid and
binding agreement of Indosuez CMII, Inc., enforceable against Indosuez CMII,
Inc. in accordance with its terms, subject, as to enforceability, to bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance and other laws of
general applicability relating to or affecting creditors' rights and to general
principles of equity.

      3. CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and
delivery of this Equity Purchase Agreement nor the consummation by Indosuez
CMII, Inc. of the transactions contemplated hereby will (i) conflict with or
result in any breach of any provision of its constitutional documentation; (ii)
require any consent, approval, authorization or permit of, or registration,
declaration or filing with or notification to, any governmental entity
("Governmental Entity"), except such consents, approvals, authorizations,
permits, filings or notifications where the failure to obtain such consent,
approval, authorization or permit, or to make such filing or notification, could
not in the aggregate reasonably be expected to have a Material Adverse Effect or
adversely affect the ability of Indosuez CMII, Inc. to consummate the
transactions contemplated hereby; (iii) result in a violation or breach of, or
constitute (with or without notice or lapse of time or both) a default (or give
rise to any right of termination, cancellation or acceleration or lien or other
charge or encumbrance) under any of the terms, conditions or provisions of any
material note, license, agreement or other instrument or obligation to which
Indosuez CMII, Inc. or any of its assets may be bound, which would in the
aggregate reasonably be expected to have a Material Adverse Effect, except for
such violations, breaches and defaults (or rights of termination, cancellation
or acceleration or lien or other charge or encumbrance) as to which requisite
waivers or consents have been obtained; or (iv) violate any order, writ,
injunction, decree, statute, rule or regulation applicable to Indosuez CMII,
Inc. or its assets, except for violations which could not in the aggregate
reasonably be expected to have a Material

                                 Schedule 2.2-1
<PAGE>

Adverse Effect or adversely affect the ability of Indosuez CMII, Inc. to
consummate the transactions contemplated hereby.

      4. LITIGATION. There are no civil, criminal or administrative actions,
suits, demands, claims, hearings, notices of violation, investigations, demand
letters or proceedings pending or, to its knowledge, threatened against Indosuez
CMII that question the validity of this Equity Purchase Agreement or any action
to be taken by Indosuez CMII, Inc. in connection with the consummation of the
transactions contemplated hereby.

      5. BROKERS AND FINDERS. Except as set forth in SCHEDULE 3.9 of this Equity
Purchase Agreement, Indosuez CMII has not employed any investment banker,
broker, finder, consultant or intermediary in connection with the transactions
contemplated by this Equity Purchase Agreement which would be entitled to any
investment banking, brokerage, finder's or similar fee or commission in
connection with this Equity Purchase Agreement or the transactions contemplated
hereby.

                                 Schedule 2.2-2
<PAGE>

                                  SCHEDULE 2.3

                     INDOSUEZ CAPITAL PARTNERS 2003, L.L.C.

      Indosuez Capital Partners, L.L.C. hereby represents and warrants to
Purchaser that:

      1. CORPORATE ORGANIZATION AND QUALIFICATION. Indosuez Capital Partners,
L.L.C. is a corporation duly organized, validly existing and in good standing
under the laws of the jurisdiction of its incorporation and is qualified and in
good standing as a foreign corporation in each jurisdiction where the properties
owned, leased or operated, or the business conducted by it, require such
qualification, except where failure to so qualify or be in good standing would
not have a Material Adverse Effect (as defined in Section 3.1 of the Equity
Purchase Agreement). Indosuez Capital Partners, L.L.C. has all requisite power
and authority (corporate or otherwise) to own, lease and operate its properties
and to carry on its business as it is now being conducted.

      2. AUTHORITY RELATIVE TO THIS EQUITY PURCHASE AGREEMENT. Indosuez Capital
Partners, L.L.C. has the requisite corporate power and authority to approve,
authorize, execute and deliver this Equity Purchase Agreement and to consummate
the transactions contemplated hereby. This Equity Purchase Agreement and the
consummation of the transaction contemplated hereby have been duly and validly
authorized by the Board of Directors of Indosuez Capital Partners, L.L.C. and no
other corporate proceedings on the part of Indosuez Capital Partners, L.L.C. is
necessary to authorize this Equity Purchase Agreement or to consummate the
transactions contemplated hereby. This Equity Purchase Agreement has been duly
and validly executed and delivered by Indosuez Capital Partners, L.L.C. and
constitutes the valid and binding agreement of Indosuez Capital Partners,
L.L.C., enforceable against Indosuez Capital Partners, L.L.C. in accordance with
its terms, subject, as to enforceability, to bankruptcy, insolvency,
reorganization, moratorium, fraudulent conveyance and other laws of general
applicability relating to or affecting creditors' rights and to general
principles of equity.

      3. CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and
delivery of this Equity Purchase Agreement nor the consummation by Indosuez
Capital Partners, L.L.C. of the transactions contemplated hereby will (i)
conflict with or result in any breach of any provision of its constitutional
documentation of Indosuez Capital Partners, L.L.C.; (ii) require any consent,
approval, authorization or permit of, or registration, declaration or filing
with or notification to, any governmental entity ("Governmental Entity"), except
such consents, approvals, authorizations, permits, filings or notifications
where the failure to obtain such consent, approval, authorization or permit, or
to make such filing or notification, could not in the aggregate reasonably be
expected to have a Material Adverse Effect or adversely affect the ability of
Indosuez Capital Partners, L.L.C. to consummate the transactions contemplated
hereby; (iii) result in a violation or breach of, or constitute (with or without
notice or lapse of time or both) a default (or give rise to any right of
termination, cancellation or acceleration or lien or other charge or
encumbrance) under any of the terms, conditions or provisions of any material
note, license, agreement or other instrument or obligation to which Indosuez
Capital Partners, L.L.C. or any of its assets may be bound, which would in the
aggregate reasonably be expected to have a Material Adverse Effect, except for
such violations, breaches and defaults (or rights of termination, cancellation
or acceleration or lien or other charge or encumbrance) as to which requisite
waivers or consents have been obtained; or (iv) violate any order, writ,
injunction,

                                 Schedule 2.3-1
<PAGE>

decree, statute, rule or regulation applicable to Indosuez Capital Partners,
L.L.C. or its assets, except for violations which could not in the aggregate
reasonably be expected to have a Material Adverse Effect or adversely affect the
ability of Indosuez Capital Partners, L.L.C. to consummate the transactions
contemplated hereby.

      4. LITIGATION. There are no civil, criminal or administrative actions,
suits, demands, claims, hearings, notices of violation, investigations, demand
letters or proceedings pending or, to its knowledge, threatened against Indosuez
Capital Partners, L.L.C. that question the validity of this Equity Purchase
Agreement or any action to be taken by Indosuez Capital Partners, L.L.C. in
connection with the consummation of the transactions contemplated hereby.

      5. BROKERS AND FINDERS. Except as set forth in SCHEDULE 3.9 of this Equity
Purchase Agreement, Indosuez Capital Partners, L.L.C. has not employed any
investment banker, broker, finder, consultant or intermediary in connection with
the transactions contemplated by this Equity Purchase Agreement which would be
entitled to any investment banking, brokerage, finder's or similar fee or
commission in connection with this Equity Purchase Agreement or the transactions
contemplated hereby.

                                 Schedule 2.3-2
<PAGE>

                                  SCHEDULE 2.4

                           ACAS EQUITY HOLDINGS CORP.

      ACAS Equity Holdings Corp. ("ACAS") hereby represents and warrants to
Purchaser that:

      1. CORPORATE ORGANIZATION AND QUALIFICATION. ACAS is a corporation duly
organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation and is qualified and in good standing as a
foreign corporation in each jurisdiction where the properties owned, leased or
operated, or the business conducted by it, require such qualification, except
where failure to so qualify or be in good standing would not have a Material
Adverse Effect (as defined in Section 3.1 of the Equity Purchase Agreement).
Indosuez ACAS has all requisite power and authority (corporate or otherwise) to
own, lease and operate its properties and to carry on its business as it is now
being conducted.

      2. AUTHORITY RELATIVE TO THIS EQUITY PURCHASE AGREEMENT. ACAS has the
requisite corporate power and authority to approve, authorize, execute and
deliver this Equity Purchase Agreement and to consummate the transactions
contemplated hereby. This Equity Purchase Agreement and the consummation of the
transaction contemplated hereby have been duly and validly authorized and no
other corporate proceedings on the part of ACAS are necessary to authorize this
Equity Purchase Agreement or to consummate the transactions contemplated hereby
except for proceedings that have already occurred. This Equity Purchase
Agreement has been duly and validly executed and delivered by ACAS and
constitutes the valid and binding agreement of ACAS, enforceable against
Indosuez ACAS in accordance with its terms, subject, as to enforceability, to
bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and
other laws of general applicability relating to or affecting creditors' rights
and to general principles of equity.

      3. CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and
delivery of this Equity Purchase Agreement nor the consummation by ACAS of the
transactions contemplated hereby will (i) conflict with or result in any breach
of any provision of its constitutional documentation; (ii) require any consent,
approval, authorization or permit of, or registration, declaration or filing
with or notification to, any governmental entity ("Governmental Entity"), except
such consents, approvals, authorizations, permits, filings or notifications
where the failure to obtain such consent, approval, authorization or permit, or
to make such filing or notification, could not in the aggregate reasonably be
expected to have a Material Adverse Effect or adversely affect the ability of
ACAS to consummate the transactions contemplated hereby; (iii) result in a
violation or breach of, or constitute (with or without notice or lapse of time
or both) a default (or give rise to any right of termination, cancellation or
acceleration or lien or other charge or encumbrance) under any of the terms,
conditions or provisions of any material note, license, agreement or other
instrument or obligation to which ACAS or any of its assets may be bound, which
would in the aggregate reasonably be expected to have a Material Adverse Effect,
except for such violations, breaches and defaults (or rights of termination,
cancellation or acceleration or lien or other charge or encumbrance) as to which
requisite waivers or consents have been obtained; or (iv) violate any order,
writ, injunction, decree, statute, rule or regulation applicable to ACAS or its
assets, except for violations which could not in the aggregate reasonably be

                                 Schedule 2.4-1
<PAGE>

expected to have a Material Adverse Effect or adversely affect the ability of
ACAS to consummate the transactions contemplated hereby.

      4. LITIGATION. There are no civil, criminal or administrative actions,
suits, demands, claims, hearings, notices of violation, investigations, demand
letters or proceedings pending or, to its knowledge, threatened against ACAS
that question the validity of this Equity Purchase Agreement or any action to be
taken by ACAS in connection with the consummation of the transactions
contemplated hereby.

      5. BROKERS AND FINDERS. Except as set forth in SCHEDULE 3.9 of this Equity
Purchase Agreement, ACAS has not employed any investment banker, broker, finder,
consultant or intermediary in connection with the transactions contemplated by
this Equity Purchase Agreement which would be entitled to any investment
banking, brokerage, finder's or similar fee or commission in connection with
this Equity Purchase Agreement or the transactions contemplated hereby.

                                 Schedule 2.4-2
<PAGE>

                                  SCHEDULE 2.5

                                    FMI INC.

      FMI Inc. hereby represents and warrants to Purchaser that:

      1. CORPORATE ORGANIZATION AND QUALIFICATION. FMI Inc. is a corporation
duly organized, validly existing and in good standing under the laws of and is
qualified and in good standing as a foreign corporation in each jurisdiction
where the properties owned, leased or operated, or the business conducted by it,
require such qualification, except where failure to so qualify or be in good
standing would not have a Material Adverse Effect (as defined in Section 3.1 of
the Equity Purchase Agreement). FMI has all requisite power and authority
(corporate or otherwise) to own, lease and operate its properties and to carry
on its business as it is now being conducted.

      2. AUTHORITY RELATIVE TO THIS EQUITY PURCHASE AGREEMENT. FMI Inc. has the
requisite corporate power and authority to approve, authorize, execute and
deliver this Equity Purchase Agreement and to consummate the transactions
contemplated hereby. This Equity Purchase Agreement and the consummation of the
transaction contemplated hereby have been duly and validly authorized by the
Board of Directors of FMI Inc. and no other corporate proceedings on the part of
FMI Inc. is necessary to authorize this Equity Purchase Agreement or to
consummate the transactions contemplated hereby. This Equity Purchase Agreement
has been duly and validly executed and delivered by FMI Inc. and constitutes the
valid and binding agreement of FMI Inc., enforceable against FMI Inc. in
accordance with its terms, subject, as to enforceability, to bankruptcy,
insolvency, reorganization, moratorium and other laws of general applicability
relating to or affecting creditors' rights and to general principles of equity.

      3. CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and
delivery of this Equity Purchase Agreement nor the consummation by FMI Inc. of
the transactions contemplated hereby will (i) conflict with or result in any
breach of any provision of its constitutional documentation of FMI Inc.; (ii)
require any consent, approval, authorization or permit of, or registration,
declaration or filing with or notification to, any governmental entity
("Governmental Entity"), except such consents, approvals, authorizations,
permits, filings or notifications where the failure to obtain such consent,
approval, authorization or permit, or to make such filing or notification, could
not in the aggregate reasonably be expected to have a Material Adverse Effect or
adversely affect the ability of FMI Inc. to consummate the transactions
contemplated hereby; (iii) result in a violation or breach of, or constitute
(with or without notice or lapse of time or both) a default (or give rise to any
right of termination, cancellation or acceleration or lien or other charge or
encumbrance) under any of the terms, conditions or provisions of any material
note, license, agreement or other instrument or obligation to which FMI Inc. or
any of its assets may be bound, which would in the aggregate reasonably be
expected to have a Material Adverse Effect, except for such violations, breaches
and defaults (or rights of termination, cancellation or acceleration or lien or
other charge or encumbrance) as to which requisite waivers or consents have been
obtained; or (iv) violate any order, writ, injunction, decree, statute, rule or
regulation applicable to FMI Inc. or its assets, except for violations which
could not in the aggregate

                                 Schedule 2.5-1
<PAGE>

reasonably be expected to have a Material Adverse Effect or adversely affect the
ability of FMI Inc. to consummate the transactions contemplated hereby.

      4. LITIGATION. There are no civil, criminal or administrative actions,
suits, demands, claims, hearings, notices of violation, investigations, demand
letters or proceedings pending or, to FMI's Knowledge, threatened against FMI
Inc. that question the validity of this Equity Purchase Agreement or any action
to be taken by FMI Inc. in connection with the consummation of the transactions
contemplated hereby.

      5. BROKERS AND FINDERS. Except as set forth in SCHEDULE 3.9 of this Equity
Purchase Agreement, FMI Inc. has not employed any investment banker, broker,
finder, consultant or intermediary in connection with the transactions
contemplated by this Equity Purchase Agreement which would be entitled to any
investment banking, brokerage, finder's or similar fee or commission in
connection with this Equity Purchase Agreement or the transactions contemplated
hereby.

                                 Schedule 2.5-2
<PAGE>

                                  SCHEDULE 2.6

                                    FMI GROUP

      FMI Group LLC hereby represents and warrants to Purchaser that:

      1. LIMITED LIABILITY COMPANY ORGANIZATION AND QUALIFICATION. FMI Group LLC
is a limited liability company duly organized, validly existing and in good
standing under the laws of the jurisdiction of its incorporation and is
qualified and in good standing as a foreign corporation in each jurisdiction
where the properties owned, leased or operated, or the business conducted by it,
require such qualification, except where failure to so qualify or be in good
standing would not have a Material Adverse Effect (as defined in Section 3.1 of
this Equity Purchase Agreement). FMI Group LLC has all requisite power and
authority (corporate or otherwise) to own, lease and operate its properties and
to carry on its business as it is now being conducted.

      2. AUTHORITY RELATIVE TO THIS EQUITY PURCHASE AGREEMENT. FMI Group LLC has
the requisite limited liability company power and authority to approve,
authorize, execute and deliver this Equity Purchase Agreement and to consummate
the transactions contemplated hereby. This Equity Purchase Agreement and the
consummation of the transaction contemplated hereby have been duly and validly
authorized by the Managers of FMI Group LLC and no other limited liability
company proceedings on the part of FMI Group LLC is necessary to authorize this
Equity Purchase Agreement or to consummate the transactions contemplated hereby.
This Equity Purchase Agreement has been duly and validly executed and delivered
by FMI Group LLC and constitutes the valid and binding agreement of FMI Group
LLC , enforceable against FMI Group LLC in accordance with its terms, subject,
as to enforceability, to bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance and other laws of general applicability relating to or
affecting creditors' rights and to general principles of equity.

      3. CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution and
delivery of this Equity Purchase Agreement nor the consummation by FMI Group LLC
of the transactions contemplated hereby will (i) conflict with or result in any
breach of any provision of its constitutional documentation of FMI Group LLC;
(ii) require any consent, approval, authorization or permit of, or registration,
declaration or filing with or notification to, any governmental entity
("Governmental Entity"), except such consents, approvals, authorizations,
permits, filings or notifications where the failure to obtain such consent,
approval, authorization or permit, or to make such filing or notification, could
not in the aggregate reasonably be expected to have a Material Adverse Effect or
adversely affect the ability of FMI Group LLC to consummate the transactions
contemplated hereby; (iii) result in a violation or breach of, or constitute
(with or without notice or lapse of time or both) a default (or give rise to any
right of termination, cancellation or acceleration or lien or other charge or
encumbrance) under any of the terms, conditions or provisions of any material
note, license, agreement or other instrument or obligation to which FMI Group
LLC or any of its assets may be bound, which would in the aggregate reasonably
be expected to have a Material Adverse Effect, except for such violations,
breaches and defaults (or rights of termination, cancellation or acceleration or
lien or other charge or encumbrance) as to which requisite waivers or consents
have been obtained; or (iv) violate any order, writ, injunction, decree,
statute, rule or regulation applicable to FMI Group LLC or its assets, except
for violations which could not in the aggregate reasonably be expected

                                 Schedule 2.6-1
<PAGE>

to have a Material Adverse Effect or adversely affect the ability of FMI Group
LLC to consummate the transactions contemplated hereby.

      4. LITIGATION. There are no civil, criminal or administrative actions,
suits, demands, claims, hearings, notices of violation, investigations, demand
letters or proceedings pending or, to FMI's Knowledge, threatened against FMI
Group LLC that question the validity of this Equity Purchase Agreement or any
action to be taken by FMI Group LLC in connection with the consummation of the
transactions contemplated hereby.

      5. BROKERS AND FINDERS. Except as set forth in SCHEDULE 3.9 of this Equity
Purchase Agreement, FMI Group LLC has not employed any investment banker,
broker, finder, consultant or intermediary in connection with the transactions
contemplated by this Equity Purchase Agreement which would be entitled to any
investment banking, brokerage, finder's or similar fee or commission in
connection with this Equity Purchase Agreement or the transactions contemplated
hereby.

                                 Schedule 2.6-2

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