Document:

EX-10.4

                       STOCK PURCHASE AND ESCROW AGREEMENT

         STOCK PURCHASE AND ESCROW AGREEMENT (this "AGREEMENT"), dated as of
December 31, 2003, by and among Professional Traders Fund, LLC (the "INVESTOR"),
a New York limited liability company doing business at 990 Stewart Avenue, 4th
Floor, Garden City, New York 11530; Orient Financial Services Limited and Mr. Li
Wing Kei of 18/F, One International Finance Centre, 1 Harbourview Street,
Central, Hong Kong together with Emerging Growth Partners, Inc., a Nevada
Corporation (collectively, the "GUARANTORS"); the law firm of Sullivan &
Worcester LLP (the "ESCROW AGENT"), a Massachusetts Limited Liability
Partnership, having an office at 1290 Avenue of the Americas, 29th Floor, New
York, NY 10104.

                                   WITNESSETH:

         WHEREAS, Print Data Corporation ("THE COMPANY"), a Delaware
Corporation, issued to Investors a certain 12% Senior Subordinated Convertible
Note in the principal amount of $250,000 dated December 31, 2003 (the "NOTE")
pursuant to a certain Note Subscription Agreement date December 31, 2003 (the
"SUBSCRIPTION AGREEMENT");

         WHEREAS, The Company and Investor entered into a certain side letter
agreement (the "SIDE LETTER") dated December 31, 2003 concerning the Note and
the Subscription Agreement;

         WHEREAS, the Guarantors guaranteed payment under the Note in a certain
Limited Guarantee and Security Agreement (the "GUARANTEE") dated December 31,
2003, with the Guarantee obligation collateralized by and limited to 1,200,000
shares (the "SHARES") of common stock of the Company held legally and
beneficially by Guarantors, 700,000 of which are restricted securities (the
"RESTRICTED SHARES") and 500,000 of which are unrestricted and freely tradable
securities (the "UNRESTRICTED SHARES");

         WHEREAS, pursuant to Section 1.07 of the Guarantee, Guarantors agreed
to deliver into escrow the Shares;

         NOW, THEREFORE, in consideration of the mutual representations,
warranties, covenants and agreements contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, and upon the terms and subject to the conditions hereinafter set
forth, the parties do hereby agree as follows:

                               Article I. ESCROW

         Section 1.01 Guarantors shall deliver to Escrow Agent the Shares, in
certificated form. The Shares, when delivered, shall be accompanied by a
"medallion signature guarantee" or an equivalent signature guarantee, in which
case the transfer agent for the Shares must confirm in writing that the
equivalent signature guarantee will be accepted.

         Section 1.02 Guarantors shall also deliver to Escrow Agent: (i) a duly
executed letter from the Company, or its authorized corporate counsel, approving
the transfer of the Restricted Securities to Investor pursuant to this Escrow
Agreement and (ii) an opinion of counsel, addressed to Investor, in a form
satisfactory to Investor, confirming (a) that Guarantors' transfer

<PAGE>

of the Restricted Shares is permissible under Rule 144 and (b) that the
Restricted Shares have been properly registered in Investor's name and (c) that
Investor can transfer the Restricted Shares, subject to the terms of this Escrow
Agreement, pursuant to Rule 144, on the following dates:

   (a)   254,800 Restricted Shares, belonging to Orient Financial Services
         Limited, on October 14, 2004.

   (b)   254,800 Restricted Shares, belonging to Mr. Li Wing Kei, on October 14,
         2004.

   (c)   190,400 Restricted Shares, belonging to Emerging Growth Partners, Inc.,
         on October 14, 2004.

         Section 1.03 NO STOP PROVISION. Upon execution of this Agreement the
Company shall deliver to Investor and the Company's stock transfer agent an
irrevocable "No-Stop Letter" that shall state that the Shares are free and clear
of any stop that may be issued by the Company and that the Company shall not
under any event issue a stop on the Shares, and that, absent a court order, the
Transfer Agent must immediately implement any transfer of Shares directed by the
Escrow Agent pursuant to this Agreement.

         Section 1.04 Within two business days of Guarantors' satisfaction of
the provisions of Section 1.01, Section 1.02 and Section 1.03, Investor shall
transfer by wire the sum of $250,000, less any deductions authorized under the
Side Letter, to the Company in accordance with the following wiring
instructions:

                      Fleet Bank
                      350 Fifth Avenue
                      New York, New York

                      ABA Number 021 202162

                      For credit to the account of
                            Reitler Brown LLC - Funding Escrow Account

                      Account number  9417716224

                      For further credit to the account of
                            Atlantic Components/PrintData
                            [Please specify originator]

                      Attn: Peter Gemignani

                      Reference: RSB.

Section 1.05 Escrow Agent will hold the Shares in the name of the Guarantors
until and unless the Shares are released from escrow in accordance with Section
4.03.

                                       2
<PAGE>

         Article II. REPRESENTATIONS AND WARRANTIES OF GUARANTORS

         Guarantors hereby represents and warrants to Investor as follows:

         Section 2.01 AUTHORIZATION; ENFORCEMENT. This Agreement has been duly
executed and delivered by Guarantors and is a legal, valid and binding
obligation of Guarantors enforceable against Guarantors in accordance with its
terms.

         Section 2.02 NO INSIDER/NO AFFILIATE. For the ninety-day period prior
to the date of this Agreement, none of the Guarantors, nor any company owned or
controlled by the Guarantors, nor any relative of the Guarantors, has been an
officer, director or holder, direct or indirect, of a beneficial interest of ten
percent (10%) or more of the common shares outstanding in The Company.

         Section 2.03 NO CONFLICTS. The execution, delivery and performance of
this Agreement by Guarantors and the consummation by Guarantors of the
transactions contemplated hereby do not and will not (i) conflict with, or
constitute a default, or trigger any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture or instrument
(evidencing a debt or otherwise) to which any of the Guarantors is a party or by
which any property or asset of Guarantors is bound or affected, or (ii) result
in a violation of any law, rule, regulation, order, judgment, injunction, decree
or other restriction of any court or governmental authority to which any of the
Guarantors is subject (including all applicable United States and state
securities laws and regulations) or by which the Shares are bound or affected.

         Section 2.04 CONSENTS AND APPROVALS. Guarantors are not required to
obtain any consent, waiver, authorization or order of, or make any filing or
registration with, any third party, self-regulatory organization, or any court
or other federal, state, local, foreign or other governmental authority in
connection with the execution, delivery and performance by Guarantors of this
Agreement.

         Section 2.05 DISCLOSURE. No representation or warranty by Guarantors
contained in this Agreement contains or will contain any untrue statement of a
material fact or omits or will omit to state a material fact necessary in order
to make the statements contained herein or therein not misleading in light of
the circumstances under which they were made.

         Section 2.06 SHARES ACQUIRED.

   (a)   Guarantor Orient Financial Services Limited represents and warrants
         that it lawfully acquired 956,666 Restricted Shares on October 14, 2003
         and that the Shares were fully paid for on that date and have been
         owned continuously since then.

   (b)   Guarantor Mr. Li Wing Kei represents and warrants that he lawfully
         acquired 956,666 Restricted Shares on October 14, 2003 and that the
         Shares were fully paid for on that date and have been owned
         continuously since then.

                                       3
<PAGE>

   (c)   Guarantor Emerging Growth Partners, Inc. represents and warrants that
         it lawfully acquired 706,666 Restricted Shares on October 14, 2003 and
         that the Shares were fully paid for on that date and have been owned
         continuously since then.

         Section 2.07 ABSENCE OF LIENS AND ENCUMBRANCES. Guarantors represents
that as of the date of this Agreement, the Shares are free and clear of all
liens and encumbrances, and have not been sold, assigned, pledged or otherwise
conveyed to a third party.

         Article III. REPRESENTATIONS AND WARRANTIES OF INVESTOR

         Investor hereby represents and warrants to Guarantors as follows:

         Section 3.01 AUTHORITY OF INVESTOR. Investor has the legal capacity and
power to execute, deliver and perform this Agreement and to consummate the
contemplated transaction. This Agreement has been duly and validly executed and
delivered by Investor and is the legal, valid and binding obligation of
Investor, enforceable against him in accordance with its terms.

         Section 3.02 NO CONFLICTS. The execution, delivery and performance by
Investor of this Agreement and the consummation of the contemplated transactions
will not conflict with or violate (i) any provision of law, rule or regulation,
or (ii) any order, judgment or decree applicable to Investor or binding upon its
assets or properties.

         Section 3.03 CONSENTS AND APPROVALS. Investor is not required to obtain
any consent, waiver, authorization or order of, or make any filing or
registration with, any third party or any court or other federal, state, local,
foreign or other governmental authority in connection with the execution,
delivery and performance by Investor of this Agreement.

                   Article IV. ESCROW AGREEMENT--ESCROW AGENT

         Section 4.01 DELIVERY OF SHARES. In accordance with Section 1.01 of
this Agreement, Guarantors shall deliver to the Escrow Agent the physical
certificates evidencing the Shares.

         Section 4.02 INTENTION TO CREATE ESCROW OVER ESCROWED SHARES. Investor
and Guarantors intend that the Shares be held in escrow by the Escrow Agent.
Escrow Agent shall hold and release the escrowed Shares only in accordance with
the terms and conditions of this Agreement.

         Section 4.03 RELEASE OF ESCROW. The Escrow Agent shall release the
Shares as follows:

   (a)   In accordance with Section 1.07 of the Guarantee, and notwithstanding
         any provision to the contrary in the Note, the Guarantee, the
         Subscription Agreement, and the Side Letter, Investor has the right, in
         its sole and absolute discretion, to elect to withdraw Shares in
         connection with its conversion rights under the Note, in part or in
         whole, from the Shares in Escrow, regardless of whether a default has
         occurred, and as if and in lieu of the Company delivering Common Stock
         in satisfaction of its obligations under Section 8 of the Note. If
         Investor makes such an election under this Section 4.03(a), Investor
         shall receive from Escrow, in its sole and absolute discretion, either
         Restricted or Unrestricted

                                       4
<PAGE>

         Shares, on the same basis as the Company would have had to have
         delivered Common Stock under Section 8 of the Note, and for each such
         Share delivered from Escrow, the Company shall be relieved
         concomitantly of its obligation to deliver Common Stock on a
         share-for-share basis under Section 8 of the Note. Investor shall
         notify the Company of an election under this Section 4.03(a) in the
         Notice provided pursuant to Section 8(c) of the Note, with a copy of
         such Notice to be provided to the Escrow Agent and the Stock Escrow
         Agent. Nothing in this Section 4.03 shall act to limit the registration
         rights of the Investor as fully set for in Section vi of the Side
         Letter or relieve the Company from any of its obligations regarding
         registration of the Shares.

   (b)   Any objection by the Company to the release of Shares from Escrow in
         accordance with Section 4.03(a) must be delivered, in accordance with
         Section 5.08(b), to the Escrow Agent within two (2) business days of
         the date of such Notice. If the Escrow Agent does NOT receive such
         objection within the time --- provided, time being of the essence, it
         shall release the Shares in accordance with the Notice. If the Escrow
         Agent receives a timely objection, it shall retain the Shares subject
         to further written instructions signed by the Company and the Investor
         or subject to any dispute resolution provided under Section 4.05. For
         purposes of this provision, a Notice shall not be deemed to have been
         delivered to the Escrow Agent on a particular day, if it is received by
         the Escrow Agent after 5:00 p.m. New York time.

   (c)   The Shares shall be held in escrow by the Escrow Agent until the
         Company has satisfied all of its obligations under the Note, the
         Guarantee, the Subscription Agreement and the Side Letter. The Escrow
         Agent may not return to the Guarantors the remainder of the Shares held
         in escrow pursuant to this Escrow Agreement unless and until they are
         notified in writing by all parties with a direction to do so. Any
         dispute as to the return of the Shares to the Guarantors shall be
         resolved in accordance with Section 4.05. It shall be the Guarantors'
         sole responsibility to allocate the return of shares, if any, as among
         them.

         Section 4.04 DUTIES AND RESPONSIBILITIES OF THE ESCROW AGENT. The
duties and responsibilities of the Escrow Agent shall be subject to the
following terms and conditions:

   (a)   Investor and Guarantors acknowledge and agree that the Escrow Agent (i)
         shall be obligated only for the performance of such duties as are
         specifically assumed by the Escrow Agent, respectively, pursuant to
         this Agreement; (ii) may rely on and shall be protected in acting or
         refraining from acting upon any written notice, instruction,
         instrument, statement, request or document furnished hereunder and
         believed by Escrow Agent in good faith to be genuine and to have been
         signed or presented by the proper person or party, without being
         required to determine the authenticity or correctness of any fact
         stated therein or the propriety or validity or the service thereof,
         and, without limiting the foregoing, the Escrow Agent may rely on faxed
         copies of signatures as if they were originals and may rely on e-mailed
         communications, as if they were written; (iii) may assume that any
         person purporting to give notice or make any statement or execute any
         document in connection with the provisions hereof has been duly
         authorized to do so, and shall be under no obligation to verify or
         compare signatures; (iv) shall not be under any duty to give the
         property held by the Escrow Agent, respectively, any greater degree of

                                       5
<PAGE>

         care beyond what they ordinarily use for their own similar property;
         and (v) may retain and consult with counsel with respect to any issues
         under this Agreement, at the Investor's and Guarantors' joint expense,
         and their reliance on the opinion of such counsel shall be deemed to be
         full and complete authorization and protection in respect of any action
         taken, suffered or omitted by the Escrow Agent, respectively, hereunder
         in good faith and in accordance with the opinion of such counsel.

   (b)   Guarantors and Investor acknowledge that the Escrow Agent is acting
         solely as a stakeholder at Guarantors' and Investor's request and that
         the Escrow Agent shall not be liable for any action taken in good faith
         and believed by them to be authorized or within the rights or powers
         conferred by this Agreement. Investor and Guarantors, jointly and
         severally, agree to indemnify and hold harmless the Escrow Agent and
         any of its partners, employees, agents and representatives for any
         action taken or omitted to be taken by them or any of them hereunder,
         including the fees of outside counsel and other costs and expenses of
         defending itself against any claim or liability under this Agreement,
         except in the case of gross negligence or willful misconduct.

   (c)   Guarantors and Investor agree that in any lawsuit, action or other
         legal proceeding arising out of or relating to this Agreement,
         including an action against the Escrow Agent, Guarantors and Investor
         shall pay their indemnification obligations to the Escrow Agent for
         attorneys' fees and costs, in equal shares and in advance (to be
         supplemented thereafter on an on-going basis), regardless of the nature
         of the allegations against the Escrow Agent. Escrow Agent shall not be
         required to return any such indemnification amounts unless it is
         conclusively determined by a court of competent jurisdiction that it
         acted with gross negligence or engaged in willful misconduct.

   (d)   The Escrow Agent does not have and will not have any interest in the
         Shares, but is serving only as escrow agent, having only possession
         thereof. The Escrow Agent shall not be liable for any loss resulting
         from the making or retention of any investment in accordance with this
         Escrow Agreement.

   (e)   This Agreement sets forth exclusively the duties of the Escrow Agent
         with respect to any and all matters pertinent thereto and no implied
         duties or obligations shall be read into this Agreement.

   (f)   These provisions of Section 4.04 shall survive the resignation of the
         Escrow Agent or the termination of this Agreement.

         Section 4.05 DISPUTE RESOLUTION: JUDGMENTS. Resolution of disputes
arising under this Agreement shall be subject to the following terms and
conditions:

   (a)   If any dispute shall arise with respect to the delivery, ownership,
         right of possession or disposition of the Shares or Funds in escrow, or
         if the Escrow Agent shall in good faith be uncertain as to its duties
         or rights hereunder, the Escrow Agent shall be authorized, without
         liability to anyone, but shall be under no duty, to (i) refrain from
         taking any action other than to continue to hold the Shares pending
         receipt of a joint written instruction from Investor and Guarantors, or
         (ii) deposit the Shares with any court of

                                       6
<PAGE>

         competent jurisdiction in the State of New York, in which event the
         Escrow Agent shall give written notice thereof to Investor and
         Guarantors and shall thereupon be relieved and discharged from all
         further obligations pursuant to this Agreement. The Escrow Agent may,
         but shall be under no duty to, institute or defend any legal
         proceedings, which relate to the Shares.

   (b)   The Escrow Agent is hereby expressly authorized to comply with and obey
         any Court order, and may, in its sole and absolute discretion elect to
         obey any such order without waiting for Guarantors of Investor to
         appeal such ruling, move for a stay, or seek reconsideration or
         rehearing. In case the Escrow Agent obeys or complies with a Court
         Order, the Escrow Agent shall not be liable to Investor and Guarantors
         or to any other person, firm, corporation or entity by reason of such
         compliance.

                            Article V. MISCELLANEOUS

         Section 5.01 LAW GOVERNING THIS AGREEMENT. Any dispute, whether in
contract or tort, relating to or arising from this Agreement shall be governed
by and construed in accordance with the laws of the State of New York, without
regard to principles of conflicts of laws. Any such dispute shall be brought
exclusively in a state or federal court situated in New York County, New York.
The parties executing this Agreement agree to submit to the exclusive
jurisdiction of such courts, waive any objections on forum non conveniens or
similar grounds, and waive trial by jury.

         Section 5.02 CONSENT TO SERVICE OF PROCESS BY CERTIFIED MAIL. The
parties to this Agreement consent to service of any process in connection with
this Agreement, by certified mail, provided that the certified mailing is made
in accordance with the Notice provisions of this Agreement as set forth in
Section 5.08, below. It is the duty of each party hereunder to advise the other
parties of any change of address.

         Section 5.03 ATTORNEYS' FEES. With respect to any dispute arising under
this Agreement as between the Investor and the Guarantors, the prevailing party
(which shall be the party which receives an award most closely resembling the
remedy or action sought) shall be entitled to recover from the other party its
reasonable attorneys' fees and costs. Under no circumstances can the Escrow
Agent be liable for Guarantors' or Investor's attorneys' fees or costs.

         Section 5.04 PROVISIONS SEPARABLE. In the event that any provision of
this Agreement is invalid or unenforceable under any applicable statute or rule
of law, then such provision shall be deemed inoperative to the extent that it
may conflict therewith and shall be deemed modified to conform with such statute
or rule of law. Any such provision which may prove invalid or unenforceable
under any law shall not affect the validity or enforceability of any other
provision of the Agreement.

         Section 5.05 ENTIRE AGREEMENT. This Agreement constitutes the sole
understanding of the parties with respect to the subject matter hereof and
supersedes all other agreements, written or oral, between the parties with
respect thereto.

                                       7
<PAGE>

         Section 5.06 SUCCESSORS AND ASSIGNS. The terms and conditions of this
Agreement shall inure to the benefit of and be binding upon the respective
successors and assigns of the parties hereto; provided, however, that neither
this Agreement nor any of the rights or obligations of the parties hereto shall
be assignable by any party hereto without the prior written consent of the other
parties. The Escrow Agent shall be deemed an intended third-party beneficiary of
this Agreement.

         Section 5.07 MODIFICATION AND WAIVER. No amendment, modification or
alteration of the terms or provisions of this Agreement shall be binding unless
the same shall be in writing and duly executed by the parties hereto, except
that any of the terms or provisions of this Agreement may be waived in writing
at any time by the party which is entitled to the benefits of such waived terms
or provisions. No waiver of any of the provisions of this Agreement shall be
deemed to or shall constitute a waiver of any other provision hereof (whether or
not similar). No delay on the part of any party in exercising any right, power
or privilege hereunder shall operate as a wavier thereof.

         Section 5.08 NOTICES. Any notice, request, instruction or other
document to be given hereunder by any party hereto, or by the Escrow Agent, to
any other party shall be in writing and shall be deemed to have been duly given
(a) upon receipt, if delivery is (i) in person, (ii) by electronic facsimile
transmission or e-mail (provided a copy is concurrently mailed), (iii) by
overnight courier, (b) on acknowledgement of receipt, if delivery is by e-mail
and the recipient responds by e-mail acknowledging receipt (a replied to e-mail
with the original message's text shall be deemed such an acknowledgement); and
(c) three days after mailing, if delivery is by certified mail, return receipt
requested, postage prepaid, in each case addressed as follows:

   (a)   if to Investor: Professional Traders Fund, LLC, 990 Stewart Ave., Suite
         420, Garden City, New York 11530, Attention: Mark K. Swickle,
         Telecopier: 516-228-8270; e-mail: mswickle@financialsystemsgroup.com;

   (b)   if to Escrow Agent to: Sullivan & Worcester LLP, 1290 Avenue of the
         Americas, 29th Floor, New York, NY 10104, Attn: Andrew T. Solomon;
         Telecopier: 212-660-3001; e-mail: asolomon@sandw.com.

   (c)   If to the Company and the Guarantors to: Reitler Brown LLC, 800 Third
         Avenue, 21st Floor, New York, New York 10022, Attention: Robert Steven
         Brown; Telecopy: (212) 371-5500; rbrown@reitlerbrown.com.

         Section 5.09 APPOINTMENT OF ATTORNEY-IN-FACT. For purposes of any
notices or instructions under this Agreement, the Guarantors appoint the Company
as their attorney-in-fact. The Investor and the Escrow Agent shall have no
obligation to communicate with or take direction from the Guarantors, unless and
until they receive actual notice of the revocation of this appointment.

         Section 5.10 COUNTERPARTS. This Agreement may be executed in one or
more counterparts, each of which shall for all purposes be deemed to be an
original and all of which shall constitute the same instrument.

                                       8
<PAGE>

         Section 5.11 HEADINGS. Headings used in this Agreement are for
convenience only, and are not a part of the Agreement, nor can they be used to
assist in the interpretation of this Agreement.

         Section 5.12 SURVIVAL. The provisions of Article V shall survive
termination of this Agreement.

                              [INTENTIONALLY BLANK]

                                       9
<PAGE>

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

                                         PROFESSIONAL TRADERS FUND, LLC,
                                         Investor

                                         By:
                                             --------------------------------
                                             Name: Marc K. Swickle
                                             Title: Managing Member

                                         SULLIVAN & WORCESTER LLP, Escrow Agent

                                         By:
                                             --------------------------------
                                             Name: Andrew T. Solomon
                                             Title:   Attorney

                                         PRINT DATA CORPORATION

                                         By:
                                             --------------------------------

                                 THE GUARANTORS:

                                             ORIENT FINANCIAL SERVICES LIMITED

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

                                             --------------------------------
                                             LI WING KEI

                                       10
<PAGE>

                                             EMERGING GROWTH PARTNERS, INC.

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

                                       11EX-10.5

                                PRINT DATA CORP.
                             B24-B27,1/F., BLOCK B,
                          PROFICIENT INDUSTRIAL CENTRE
                                6 WANG KWUN ROAD
                               KOWLOON, HONG KONG

                                                     December 31, 2003

Professional Traders Fund, LLC
990 Stewart Avenue
Suite 420
Garden City, New York 11530

Gentlemen:

         In order to induce Professional Traders Fund, LLC, a New York limited
liability company with executive offices located at 990 Stewart Avenue, Suite
420, Garden City, New York 11530, Attn: Mark K. Swickle, Manager (the
"INVESTOR") to enter into, and perform its obligations under and pursuant to,
the Note Subscription, dated December 31, 2003 (the "SUBSCRIPTION"), to which
this letter is attached as Annex F, Print Data Corp., a Delaware corporation
(the "COMPANY") hereby agrees as follows:

         i. From the proceeds of the loan evidenced by the Note attached as
Annex A to the Subscription (the "Note"), the Investor shall be entitled to
retain, and immediately direct the payment of the following: (a) fees of counsel
to the Investor ("INVESTOR COUNSEL") and its out-of-pocked expenses in the
amount of the lesser of $5,000 or the actual fees theretofore billed to the
Investor in connection with the transactions contemplated by, and in connection
with, the Subscription and the documents annexed thereto; (b) fees and expenses
of the independent auditor to the Company in such amount as such auditor and the
Company shall agree; and (c) fees and expenses of Reitler Brown LLC, counsel to
the Company ("RB"), as evidenced by an invoice delivered by such counsel at or
prior to the closing of the funding of such Note;

         ii. In the event that the fees and expenses of Investor Counsel
referenced in clause (i)(a) shall exceed $5,000, the Company shall pay such
additional fees and expenses up to a maximum of $2,000.

         iii. As an alternative to clause (i)(c), the Investor may fund the
gross proceeds of the Note, less the amounts otherwise deducted therefrom
pursuant to clause (i)(a) and clause (i)(b) hereof, to an escrow account
maintained by RB.

         iv. The Company hereby grants to the Investor a right of first refusal
to provide additional funding to the Company as set forth in EXHIBIT A hereto.

<PAGE>

         v. The  Company  represents  and  warrants  to the  Investor  as of the
closing date of the transactions  contemplated by the Subscription (the "CLOSING
DATE") that,  except as otherwise  provided in the  Disclosure  Letter  attached
hereto as Exhibit B or in the documents (the "SEC  DOCUMENTS")  heretofore filed
by the Company with the United States  Securities and Exchange  Commission  (the
"SEC"):

             a.  RIGHTS  OF  OTHERS  AFFECTING  THE  TRANSACTIONS.  There are no
preemptive  rights of any  stockholder  of the Company,  as such, to acquire the
Note or the shares (the "CONVERSION SHARES") of common stock of the Company (the
"COMMON  STOCK")  issuable  upon the  conversion  of the  Note.  No party  has a
currently exercisable right of first refusal which would be applicable to any or
all of the transactions contemplated by the Subscription.

             b. STATUS.  The Company is a corporation  duly  organized,  validly
existing and in good standing under the laws of its state of  incorporation  and
has the  requisite  corporate  power to own its  properties  and to carry on its
business  as now being  conducted.  The Company is duly  qualified  as a foreign
corporation  to do business and is in good standing in each  jurisdiction  where
the  nature  of the  business  conducted  or  property  owned by it  makes  such
qualification necessary,  other than those jurisdictions in which the failure to
so  qualify  would  not have or  result  in a  material  adverse  effect  on the
business,  prospects,  financial  condition,  or  results of  operations  of the
Company and its subsidiary taken as a whole (a "MATERIAL ADVERSE  EFFECT").  The
Company  has  registered  its  Common  Stock  pursuant  to Section 12 of, and is
obligated  to file  reports  pursuant  to Section  13 or  Section  15(d) of, the
Securities and Exchange Act of 1934, as amended (the "EXCHANGE ACT"). The Common
Stock is listed and quoted on the over-the-counter Bulletin Board (the "OTCBB").
The Company has received no notice,  either oral or written, with respect to the
continued  eligibility of the Common Stock for such listing and quotation on the
OTCBB,  and the  Company has  maintained  all  requirements  on its part for the
continuation of such listing and quotation.

             c. AUTHORIZED  SHARES.  The authorized capital stock of the Company
consists  of (i)  50,000,000  shares of  Common  Stock,  of which  approximately
27,829,936 are  outstanding,  and (ii) 20,000,000  shares of preferred stock, of
which none are  outstanding  as of the date hereof.  All issued and  outstanding
shares of Common  Stock have been duly  authorized  and  validly  issued and are
fully  paid and  non-assessable.  The  Company  has  sufficient  authorized  and
unissued  shares of Common  Stock as may be  necessary to effect the issuance of
the  Conversion  Shares.  As of the Closing Date,  the Notes and the  Conversion
Shares shall have been duly authorized by all necessary  corporate action on the
part of the Company,  and the Conversion  Shares,  when issued on the conversion
of, or as interest on, the Note in accordance  with its terms,  will be duly and
validly issued,  fully paid and non-assessable and will not subject the Investor
to personal liability by reason thereof.

             d.  TRANSACTION  AGREEMENTS  AND  STOCK.  This  Agreement  and  the
Subscription,  and the transactions  contemplated hereby and thereby,  have been
duly and  validly  authorized  by the  Company,  this  Agreement  has been  duly
executed and delivered

<PAGE>

by the Company and this  Agreement is, and the Note and the  Subscription,  when
executed and  delivered  by the  Company,  will be,  legal,  valid,  and binding
agreements of the Company enforceable in accordance with their respective terms,
subject as to enforceability to general  principles of equity and to bankruptcy,
insolvency,  moratorium,  and other similar laws  affecting the  enforcement  of
creditors' rights generally.

             e. NON-CONTRAVENTION.  The execution and delivery of this Agreement
and the Subscription by the Company, the issuance of the Note and the Conversion
Shares in accordance  with the terms of the Note,  and the  consummation  by the
Company  of  the  other  transactions   contemplated  by  this  Agreement,   the
Subscription,  and the Note do not and will not  conflict  with or  result  in a
breach by the  Company of any of the terms or  provisions  of, or  constitute  a
default under (i) the  certificate of  incorporation  or by-laws of the Company,
each as currently in effect,  (ii) any indenture,  mortgage,  deed of trust,  or
other  material  agreement or  instrument  to which the Company is a party or by
which it or any of its  properties  or assets are bound,  including  any listing
agreement  for the Common  Stock  except as herein  set  forth,  or (iii) to its
knowledge,  any existing  applicable  law, rule, or regulation or any applicable
decree,  judgment,  or  order  of any  court,  United  States  federal  or state
regulatory  body,  administrative  agency,  or other  governmental  body  having
jurisdiction  over the Company or any of its  properties or assets,  except such
conflict, breach or default which would not have or result in a Material Adverse
Effect.

             f. FILINGS.  None of the Company's SEC Documents contained,  at the
time they were  filed,  any untrue  statement  of a material  fact or omitted to
state any material fact  required to be stated  therein or necessary to make the
statements  made  therein in light of the  circumstances  under  which they were
made,  not  misleading.  Since  the  closing  of  the  acquisition  of  Atlantic
Components  Ltd.  ("ATLANTIC") by the Company on September 30, 2003, the Company
has timely filed all requisite  forms,  reports and exhibits thereto required to
be filed by the Company with the SEC,  except for the  Quarterly  Report on Form
10-Q for the three months ended  September 30, 2003,  which the Company filed on
November  28,  2003,  the Form 8-K filed by the Company on October 16, 2003 (the
"FORM 8-K") and the amendment to the Form 8-K to contain the pro forma financial
statements relating to the Atlantic  Transaction which the Company  contemplates
filing prior to December 31, 2003.

             g. ABSENCE OF CERTAIN CHANGES. Since the date of the last financial
statements  (the "LAST FINANCIAL  STATEMENTS")  of Atlantic  included in the SEC
Documents,  there has been no material  adverse  change and no Material  Adverse
Effect,  except as disclosed in the Company's SEC  Documents.  Since the date of
the  Last  Financial  Statements,  except  as  provided  in  the  Company's  SEC
Documents,  the Company has not (i)  incurred or become  subject to any material
liabilities (absolute or contingent) except liabilities incurred in the ordinary
course of business consistent with past practices;  (ii) discharged or satisfied
any material lien or  encumbrance  or paid any material  obligation or liability
(absolute or contingent),  other than current  liabilities  paid in the ordinary
course of business  consistent with past  practices;  (iii) declared or made any
payment or distribution  of cash or other property to shareholders  with respect
to its capital stock, or

<PAGE>

purchased or redeemed,  or made any agreements to purchase or redeem, any shares
of its capital  stock;  (iv) sold,  assigned or  transferred  any other tangible
assets,  or canceled  any debts owed to the Company by any third party or claims
of the  Company  against  any  third  party,  except in the  ordinary  course of
business consistent with past practices;  (v) suffered any substantial losses or
waived any rights of material  value,  whether or not in the ordinary  course of
business, or suffered the loss of any material amount of existing business; (vi)
made any changes in  compensation  to senior  employees,  except in the ordinary
course of business  consistent  with past  practices;  or (vii)  experienced any
material  problems with labor or  management  in  connection  with the terms and
conditions of their employment.

             h. FULL DISCLOSURE.  To the best of the Company's knowledge,  there
is no fact known to the Company (other than general economic conditions known to
the public  generally or as disclosed in the Company's SEC  Documents)  that has
not been disclosed in writing to the Investor that would  reasonably be expected
to have or result in a Material Adverse Effect.

             i. ABSENCE OF  LITIGATION.  There is no action,  suit,  proceeding,
inquiry or  investigation  before or by any court,  public board or body pending
or, to the knowledge of the Company, threatened against or affecting the Company
before  or  by  any  governmental   authority  or  nongovernmental   department,
commission,  board,  bureau,  agency or  instrumentality  or any  other  person,
wherein an unfavorable decision, ruling or finding would have a Material Adverse
Effect or which would adversely affect the validity or enforceability of, or the
authority  or ability of the  Company to perform  its  obligations  under,  this
Agreement or the Subscription,  or any documents  contemplated hereby or thereby
or in connection  herewith or  therewith.  The Company is not aware of any valid
basis for any such claim that (either  individually or in the aggregate with all
other such  events and  circumstances)  could  reasonably  be expected to have a
Material  Adverse  Effect.  There are no outstanding  or unsatisfied  judgments,
orders,  decrees,  writs,  injunctions or stipulations to which the Company is a
party  or by  which it or any of its  properties  is  bound,  that  involve  the
transaction  contemplated  herein  or  that,  alone or in the  aggregate,  could
reasonably be expect to have a Material Adverse Effect.

             j.  ABSENCE OF EVENTS OF  DEFAULT.  Except as  otherwise  set forth
herein,  no event  of  default  (or its  equivalent  term),  as  defined  in the
respective  material  agreement  to which the  Company is a party,  and no event
which, with the giving of notice or the passage of time or both, would become an
event of default (or its equivalent term) (as so defined in such agreement), has
occurred and is continuing, which would have a Material Adverse Effect.

             k. ABSENCE OF CERTAIN  COMPANY  CONTROL  PERSON  ACTIONS OR EVENTS.
Based on information provided to the Company by the affiliates of the Company at
the  date  hereof  (the  "COMPANY  AFFILIATES"),  to the  best of the  Company's
knowledge,  none of the  following  has occurred  during the past five (5) years
with respect to a Company Affiliate:

<PAGE>

(1) A petition under the federal bankruptcy laws or any state insolvency law was
filed by or  against,  or a  receiver,  fiscal  agent  or  similar  officer  was
appointed by a court for the business or property of such Company Affiliate,  or
any  partnership in which he was a general partner at or within two years before
the time of such filing, or any corporation or business  association of which he
was an executive officer at or within two years before the time of such filing;

(2) Such Company Affiliate was convicted in a criminal  proceeding or is a named
subject of a pending criminal proceeding (excluding traffic violations and other
minor offenses);

(3) Such Company Affiliate was the subject of any order, judgment or decree, not
subsequently  reversed,   suspended  or  vacated,  of  any  court  of  competent
jurisdiction,  permanently  or  temporarily  enjoining  him from,  or  otherwise
limiting, the following activities:

         (i) acting, as an investment advisor, underwriter,  broker or dealer in
         securities,  or as an  affiliated  person,  director or employee of any
         investment  company,  bank,  savings and loan  association or insurance
         company,  as  a  futures  commission   merchant,   introducing  broker,
         commodity trading advisor,  commodity pool operator,  floor broker, any
         other person  regulated by the  Commodity  Futures  Trading  Commission
         ("CFTC")  or  engaging  in or  continuing  any  conduct or  practice in
         connection with such activity;

         (ii) engaging in any type of business practice; or

         (iii) engaging in any activity in connection  with the purchase or sale
         of any  security or commodity or in  connection  with any  violation of
         federal or state securities laws or federal commodities laws;

(4) Such Company Affiliate was the subject of any order, judgment or decree, not
subsequently  reversed,  suspended or vacated, of any federal or state authority
barring,  suspending  or  otherwise  limiting for more than 60 days the right of
such  Company  Affiliate to engage in any  activity  described in paragraph  (3)
above, or to be associated with persons engaged in any such activity; or

(5) Such Company  Affiliate was found by a court of competent  jurisdiction in a
civil  action  or by the  CFTC or SEC to have  violated  any  federal  or  state
securities  law, and the judgment in such civil action or finding by the CFTC or
SEC has not been subsequently reversed, suspended, or vacated.

         l. NO UNDISCLOSED  LIABILITIES OR EVENTS.  To the best of the Company's
knowledge,  the  Company  has no  liabilities  or  obligations  other than those

<PAGE>

disclosed in this  Agreement or the Company's SEC Documents or those incurred in
the  ordinary  course  of the  Company's  business  since  the  date of the Last
Financial Statements, or which individually or in the aggregate, do not or would
not have a Material Adverse Effect.  No event or  circumstances  has occurred or
exists with  respect to the  Company or its  properties,  business,  operations,
condition  (financial or  otherwise),  or results of  operations,  which,  under
applicable law, rule or regulation,  requires public  disclosure or announcement
prior to the date  hereof by the  Company  but  which  has not been so  publicly
announced or disclosed. Except for proposals to amend the name of the Company to
"ACL Semiconductors  Inc.", there are no proposals currently under consideration
or currently  anticipated to be under consideration by the Board of Directors or
the  executive  officers  of the  Company  which  proposal  would (x) change the
certificate  of  incorporation  or other  charter  document  or  by-laws  of the
Company,  each as currently  in effect,  with or without  stockholder  approval,
which change would reduce or otherwise adversely affect the rights and powers of
the stockholders of the Common Stock or (y) materially or  substantially  change
the  business,  assets or capital of the  Company,  including  its  interests in
subsidiaries.

         m. NO DEFAULT.  Neither the Company nor any of its  subsidiaries  is in
default in the performance or observance of any material obligation,  agreement,
covenant or condition  contained in any material  indenture,  mortgage,  deed of
trust or other  material  instrument  or  agreement to which it is a party or by
which it or its property is bound.

         n.  NO  INTEGRATED  OFFERING.  Neither  the  Company  nor  any  Company
Affiliates  nor any  person  acting  on its or their  behalf  has,  directly  or
indirectly, at any time since September 30, 2003, made any offer or sales of any
security or solicited any offers to buy any security  under  circumstances  that
would  eliminate the  availability  of the  exemption  from  registration  under
Regulation  D in  connection  with  the  offer  and  sale  of the  Note  and the
Conversion Shares as contemplated hereby.

         o.  DILUTION.  The number of shares  issuable on conversion of the Note
may have a dilutive effect on the ownership  interests of the other stockholders
(and  persons  having  the right to become  stockholders)  of the  Company.  The
Company's executive officers and directors have studied and fully understand the
nature  of the Note and  recognize  that they  have  such a  potential  dilutive
effect.  The Board of Directors of the Company has concluded,  in its good faith
business  judgment that,  such issuance is in the best interests of the Company.
The  Company  specifically   acknowledges  that  its  obligation  to  issue  the
Conversion  Shares upon  conversion  of the Note is binding upon the Company and
enforceable  regardless  of the dilution such issuance may have on the ownership
interests of other shareholders of the Company,  and the Company will honor such
obligations,  including  honoring every Notice of Conversion (as contemplated by
the Note) unless the Company is subject to an injunction  (which  injunction was
not sought by the Company) or other legal or regulatory restriction  prohibiting
the Company from doing so.

         p. FEES TO BROKERS,  FINDERS AND OTHERS. Except as set forth in EXHIBIT
B hereto,  there are no  finder's  or  similar  fees or  commissions  payable in
connection with

<PAGE>

the transactions contemplated hereby or by the Subscription. Investor shall have
no obligation with respect to such fees or with respect to any claims made by or
on behalf of other  persons for fees of a type  contemplated  in this  paragraph
that may be due in connection with the  transactions  contemplated  hereby or by
the  Subscription.  The Company  shall  indemnify  and hold harmless each of the
Investor, its employees,  officers,  directors,  agents, and partners, and their
respective  affiliates,  from and  against all claims,  losses,  damages,  costs
(including the costs of preparation and attorney's  fees) and expenses  suffered
in respect of any such claimed or existing fees, as and when incurred.

         q.  CONFIRMATION.  The  Company  confirms  that all  statements  of the
Company  contained  herein shall  survive  acceptance  of this  Agreement by the
Investor.  The Company agrees that, if any events occur or  circumstances  exist
prior  to  the   Closing   Date,   which   would  make  any  of  the   Company's
representations,  warranties,  agreements or other  information set forth herein
materially  untrue or materially  inaccurate as of such date,  the Company shall
immediately  notify the Investor  (directly  or through its counsel,  if any) in
writing  prior  to such  date of such  fact,  specifying  which  representation,
warranty or covenant is affected and the reasons therefor.

    vi.  A registration  statement registering under the Securities Act of 1933,
as amended (the "SECURITIES  ACT"), the resale of such of the Conversion  Shares
as are "restricted securities" (as defined in Rule 144 under the Securities Act)
shall be filed by the Company  within  60-days of the  funding of the Note.  The
Company agrees to use commercially reasonable efforts to cause such registration
statement to be declared  effective  under the Securities Act within 150 days of
the  funding  of the  Note.  Should  the  Company  fail to meet  either  of such
timelines,  a 1%  penalty  per  month on the  funded  amount  of the  Note  (the
"PENALTY") will be levied against the Company. At the discretion of the Company,
payment may be issued to the  Investor  in either  cash or in Common  Stock at a
rate equal to the average closing price of the previous five trading days.

    vii. The Company further agrees as follows:

         a.  GOVERNING  LAW;  VENUE.  This  Agreement  shall be governed by, and
interpreted in accordance  with, the laws of the State of New York for contracts
to be wholly performed in such state and without giving effect to the principles
thereof  regarding  the  conflict of laws.  Each of the parties  consents to the
exclusive  jurisdiction of the federal courts whose districts encompass any part
of the City of New York or the state  courts of the State of New York sitting in
the  City of New  York  in  connection  with  any  dispute  arising  under  this
Agreement,  the Subscription,  or any of the other documents contemplated hereby
or thereby or in connection  herewith or therewith,  and hereby  waives,  to the
maximum extent permitted by law, any objection, including any objection based on
FORUM  NON  CONVENIENS,   to  the  bringing  of  any  such  proceeding  in  such
jurisdictions.  To the  extent  determined  by such  court,  the  Company  shall
reimburse the Investor for any reasonable legal fees and disbursements  incurred
by the Investor in  enforcement  of or protection of any of its rights under any
of the foregoing agreements or documents.

<PAGE>

         b.  WAIVER.  Failure of any party to exercise any right or remedy under
this  Agreement or otherwise,  or delay by a party in  exercising  such right or
remedy, shall not operate as a waiver thereof.

         c. SUCCESSORS AND ASSIGNS. This Agreement shall inure to the benefit of
and be binding upon the successors and assigns of each of the parties hereto.

         d. PRONOUNS;  GENDER.  All pronouns and any variations thereof refer to
the  masculine,  feminine  or neuter,  singular  or plural,  as the  context may
require.

         e.  FACSIMILE  SIGNATURES.  A  facsimile  transmission  of this  signed
Agreement shall be legal and binding on all parties hereto.

         f.  COUNTERPARTS.   This  Agreement  may  be  signed  in  one  or  more
counterparts, each of which shall be deemed an original.

         g.  HEADINGS.  The headings of this  Agreement are for  convenience  of
reference  and shall not form part of, or affect  the  interpretation  of,  this
Agreement.

         h. SEVERABILITY. If any provision of this Agreement shall be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability shall not
affect the validity or  enforceability of the remainder of this Agreement or the
validity or enforceability of this Agreement in any other jurisdiction.

         i.  AMENDMENT.  This  Agreement may be amended only by an instrument in
writing signed by the party to be charged with enforcement thereof.

         j. PRIOR AGREEMENTS. This Agreement supersedes all prior agreements and
understandings  among the  parties  hereto with  respect to the  subject  matter
hereof.

         k. NOTICE. Any notice required or permitted hereunder shall be given in
writing  (unless  otherwise  specified  herein) and shall be deemed  effectively
given on the earliest of

         (1) the date  delivered,  if delivered by personal  delivery as against
         written receipt therefor or by confirmed facsimile transmission,

         (2) the seventh  business day after deposit,  postage  prepaid,  in the
         United States Postal Service by registered or certified mail, or

         (3) the third  business day after mailing by domestic or  international
         express courier, with delivery costs and fees prepaid,

<PAGE>

in each case, addressed to each of the other parties thereunto entitled at the
addresses set forth above (or at such other addresses as such party may
designate by ten (10) days' advance written notice similarly given to each of
the other parties hereto).

         l. SURVIVAL. The Company's  representations and warranties herein shall
survive the  execution  and delivery of this  Agreement  and the delivery of the
Note,  and shall inure to the benefit of the  Investor and the Company and their
respective successors and assigns.

                   [BALANCE OF PAGE INTENTIONALLY LEFT BLANK.]

<PAGE>

         If the foregoing is acceptable, please indicate your agreement hereto
by executing this letter below.

                                            PRINT DATA CORP.

                                            BY:
                                               ---------------------------------
                                               NAME:
                                               TITLE:

ACCEPTED AND AGREED TO AS OF
THE DATE FIRST ABOVE-WRITTEN:

PROFESSIONAL TRADERS FUND, LLC

BY:
    --------------------------
    NAME: MARC K. SWICKLE
    TITLE: MANAGER

<PAGE>

                                    EXHIBIT A

         (a) Prior to entering into any agreement with any third party relating
to the financing of the Company (other than commercial financing facilities,
including term loan and revolving credit facilities and warehouse facilities,
and underwritten offerings of securities of the Company by member firms of the
NASD, Inc. and its affiliated bodies), the Company shall promptly Deliver (as
hereinafter defined) a copy of the proposed terms of such financing (the
"PROPOSED TERMS") and any available materials relating thereto ("FINANCING
DOCUMENTATION") to the Investor.

         (b) Following the Delivery of the Financing Documentation to the
Investor, the Investor shall have five Business Days (as defined in the Note) to
Deliver to the Company a commitment, including proposed terms, to provide the
financing in question to the Company on terms equivalent to, or superior to the
Company than, the Proposed Terms (the "INVESTOR COMMITMENT"). In the event that
the Investor shall fail to Deliver the Investor Commitment to the Company within
the aforementioned five Business Days, the Investor shall be deemed to have
waived Investor's right of first refusal with respect to such financing.

         (c) In the event that the Investor Delivers the Investor Commitment to
the Company within the aforementioned five days, the Company shall and the
Investor shall use best efforts to cause the consummation of such financing
within 60 days.

         (d) In the event that the Investor shall fail to Deliver the Investor
Commitment to the Company within the aforementioned five Business Days, the
Company shall cause the financing on the Proposed Terms, or terms more
advantageous to the Company than the Proposed Terms to be consummated within 60
days thereafter. In the event that the Company shall fail to consummate such
financing within such 60 days, the Investor shall again have a right of first
refusal pursuant to this EXHIBIT A.

         (e) A document or notice hereunder shall be deemed "DELIVERED", and
"DELIVER" shall be deemed, for the purposes hereof, to take place as follows:
(i) if delivered personally, on the date of delivery thereof, (ii) if delivered
by a national or international overnight delivery service (including, without
limitation, Federal Express, DHL Courier, TNT, and UPS), on the date after the
delivery to such service thereof by the Company, and (iii) if delivered by any
other means, on the seventh day following the date on which the Company delivers
such documents to such delivery service. Such definition shall be deemed to
include correlative terms, including, without limitation, "DELIVERY".

         (f) The right of first refusal set forth in this Exhibit A shall
terminate immediately upon the conversion in full or repayment in full of the
Note.

<PAGE>

                                    EXHIBIT B

None

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]