Document:

PLEDGE AND ESCROW AGREEMENT

     

    THIS
      PLEDGE AND ESCROW AGREEMENT
      (the
“Agreement”)
      is
      made and entered into as of July 5, 2007 (the “Effective
      Date”)
      by and
      among DEEP
      FIELD TECHNOLOGIES, INC.,
      a
      corporation organized and existing under the laws of the State of New Jersey
      (the “Pledgor”),
      CORNELL
      CAPITAL PARTNERS, L.P. (the
      “Pledgee”),
      and
DAVID
      GONZALEZ,
      ESQ.,
      as
      escrow agent (“Escrow
      Agent”).

     

    RECITALS:

     

    WHEREAS,
      in
      order
      to secure the full and prompt payment when due (whether at the stated maturity,
      by acceleration or otherwise) of all of the Company’s obligations to the Pledgee
      or any successor to the Pledgee under this
      Agreement, the Securities Purchase Agreement of even date herewith by and
      between the Pledgor and the Pledgee (the “Securities
      Purchase Agreement”),
      the
      Convertible Debentures (the “Convertible
      Debentures”)
      issued
      or to be issued by the Company to the Pledgee, either now or in the future,
      up
      to a total of One Million Three Hundred Thousand Dollars ($1,300,000) of
      principal, plus any interest, costs, fees, and other amounts owed to the Pledgee
      thereunder, the Security Agreement of even date herewith between the Pledgor
      and
      the Pledgee (the “Security
      Agreement”),
      and
      all other contracts entered into between the parties hereto (collectively,
      the
“Transaction
      Documents”),
      the
      Pledgor has agreed to irrevocably pledge to the Pledgee 750,000 shares of
      Pledgor’s Class B common stock (“Class
      B Common Stock”),
      par
      value $0.01 per share, of the Company (the “Pledged
      Shares”);
      

     

    WHEREAS,
      a
      holder of Class B Common Stock has the right to convert each share of its Class
      B Common Stock into that number of shares of the Company’s class A common stock,
      no par value per share (“Common
      Stock”)
      determined by dividing the number of shares of Class B Common Stock being
      converted by a twenty percent (20%) discount of the lowest price that the
      Company had ever issued its Common Stock; and

     

    WHEREAS,
      as of
      the date of this Agreement, the lowest price the Common Stock has ever been
      offered at is $0.01.

     

    AGREEMENT

     

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

     

    TERMS
      AND CONDITIONS

     

    1.    Pledge
      and Transfer of Pledged Shares.
      The
      Pledgor hereby grants to Pledgee a security interest in all Pledged Shares
      as
      security for Pledgor’s obligations to the Pledgee (the “Obligations”)
      under
      the Convertible Debentures. Simultaneously with the execution of this Agreement,
      the Pledgor shall deliver to the Escrow Agent stock certificates representing
      the Pledged Shares, together with duly executed stock powers or other
      appropriate transfer documents executed in blank by the Pledgor (the
“Transfer
      Documents”),
      and
      such stock certificates and Transfer Documents shall be held by the Escrow
      Agent
      pursuant to this

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Agreement
      until the full payment of all amounts due to the Pledgee under the Convertible
      Debentures and through repayment in accordance with the terms of the Convertible
      Debentures, or the termination or expiration of this Agreement.

     

    2.    Rights
      Relating to Pledged Shares.
      Prior to
      the occurrence of an Event of Default (as defined herein) and the issuance
      of
      Pledged Shares to the Pledgee (in accordance with Section 5.1), the Pledged
      Shares shall not be, or be deemed to be, issued or outstanding shares of the
      Pledgor and neither the Pledgee nor any other person shall be entitled to vote
      the Pledged Shares, to receive dividends and other distributions thereon, or
      to
      enjoy any other rights and privileges incident to the ownership of the Pledged
      Shares.

     

    3.    Release
      of Pledged Shares from Pledge.
      Upon the
      payment of all amounts due to the Pledgee under the Convertible Debentures
      by
      repayment in accordance with the terms of the Convertible Debentures, the
      parties hereto shall notify the Escrow Agent to such effect in writing. Upon
      receipt of such written notice, the Escrow Agent shall return to the Pledgor
      the
      Transfer Documents and the certificates representing the Pledged Shares,
      (collectively the “Pledged
      Materials”),
      whereupon any and all rights of Pledgee in the Pledged Materials shall be
      terminated. Notwithstanding anything to the contrary contained herein, upon
      full
      payment of all amounts due to the Pledgee under the Convertible Debentures,
      by
      repayment in accordance with the terms of the Convertible Debentures, this
      Agreement and Pledgee’s security interest and rights in and to the Pledged
      Shares shall terminate.

     

    4.    Event
      of Default. An
      “Event
      of Default”
shall
      be deemed to have occurred under this Agreement upon an Event of Default under
      the Transaction Documents.

     

    5.    Remedies.
      

     

    5.1. Upon
      and
      anytime after the occurrence of an Event of Default, the Pledgee shall have
      the
      right acquire the Pledged Shares in accordance with the following procedure:
      (a) the Pledgee shall provide written notice of such Event of Default (the
“Default
      Notice”)
      to the
      Escrow Agent, with a copy to the Pledgor; (b) in a Default Notice the Pledgee
      shall specify the number of Pledged Shares to be issued to the Pledgee,
provided
      however,
      that
      the Pledgee shall not have the right to acquire such number of Pledged Shares
      which would cause the Pledgee, together with its affiliates, to beneficially
      own
      in excess of 4.99% of the outstanding capital of the Pledgor (unless the Pledgee
      waives such limitation by providing sixty-five (65) days’ advance written
      notice); and (c) as soon as practicable after receipt of a Default Notice,
      the
      Escrow Agent shall deliver the specified number of Pledged Shares along with
      the
      applicable Transfer Documents to the Pledgor’s Transfer Agent with instructions
      to issue such Pledged Shares to the Pledgee in accordance with the Irrevocable
      Transfer Agent Instructions of even date herewith, among the Pledgee, the
      Pledgor, the Escrow Agent, and the Transfer Agent. 

     

    5.2. Upon
      receipt of the Pledged Shares issued to the Pledgee, the Pledgee shall have
      the
      right to (i) sell the Pledged Shares and to apply the proceeds of such sales,
      net of any selling commissions, to the Obligations owed to the Pledgee by the
      Pledgor under the Transaction Documents, including, without limitation,
      outstanding principal, interest, legal fees, and any other amounts owed to
      the
      Pledgee, and exercise all other rights and (ii) any and all remedies of a
      secured party with respect to such property as may be available under the
      Uniform

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    Commercial
      Code as in effect in the State of New Jersey. To the extent that the net
      proceeds received by the Pledgee are insufficient to satisfy the Obligations
      in
      full, the Pledgee shall be entitled to a deficiency judgment against the Pledgor
      for such amount. The Pledgee shall have the absolute right to sell or dispose
      of
      the Pledged Shares in any manner it sees fit and shall have no liability to
      the
      Pledgor or any other party for selling or disposing of such Pledged Shares
      even
      if other methods of sales or dispositions would or allegedly would result in
      greater proceeds than the method actually used. The Pledgor shall remain liable
      for shortfalls, if any, that may exist after the Pledgee has exhausted all
      remedies hereunder. The Pledgee shall return any Pledged Shares issued to it
      and
      instruct the Escrow Agent to return any Pledged Shares it is holding in escrow
      after the all amounts owed to the Pledgee under the Convertible Debentures
      have
      been satisfied.

     

    5.3. Each
      right, power and remedy of the Pledgee provided for in this Agreement or any
      other Transaction Document shall be cumulative and concurrent and shall be
      in
      addition to every other such right, power or remedy. The
      exercise or beginning of the exercise by the Pledgee of any one or more of
      the
      rights, powers or remedies provided for in this Agreement or any
      other
      Transaction Document or
      now or
      hereafter existing at law or in equity or by statute or otherwise shall not
      preclude the simultaneous or later exercise by the
      Pledgee of all such other rights, powers or remedies, and no failure or delay
      on
      the part of the Pledgee to exercise any such right, power or remedy shall
      operate as a waiver thereof. No notice to or demand on the Pledgor in any case
      shall entitle it to any other or further notice or demand in similar or other
      circumstances or constitute a waiver of any of the rights of the Pledgee to
      any
      other further action in any circumstances without demand or notice. The Pledgee
      shall have the full power to enforce or to assign or contract is rights under
      this Agreement to a third party.

     

    5.4. In
      addition to all other remedies available to the Pledgee, upon the issuance
      of
      Pledged Shares to the Pledgee, the Pledgor shall promptly, but in no event
      more
      than thirty (30) days after the date of the Default Notice, file a registration
      statement to register with the Securities and Exchange Commission the Pledged
      Shares for the resale by the Pledgee. The Pledgor shall cause the registration
      statement to remain in effect until all of the Pledged Shares have been sold
      by
      the Pledgee. 

     

    6.    Concerning
      the Escrow Agent.
      

     

    6.1. The
      Escrow Agent undertakes to perform only such duties as are expressly set forth
      herein and no implied duties or obligations shall be read into this Agreement
      against the Escrow Agent.

     

    6.2. The
      Escrow Agent may act in reliance upon any writing or instrument or signature
      which it, in good faith, believes to be genuine, may assume the validity and
      accuracy of any statement or assertion contained in such a writing or
      instrument, and may assume that any person purporting to give any writing,
      notice, advice or instructions in connection with the provisions hereof has
      been
      duly authorized to do so. The Escrow Agent shall not be liable in any manner
      for
      the sufficiency or correctness as to form, manner, and execution, or validity
      of
      any instrument deposited in this escrow, nor as to the identity, authority,
      or
      right of any person executing the same; and its duties hereunder shall be
      limited to the safekeeping of such certificates, monies, instruments, or other
      document received by it as such escrow holder, and for

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    the
      disposition of the same in accordance with the written instruments accepted
      by
      it in the escrow.

     

    6.3. Pledgee
      and the Pledgor hereby agree, to defend and indemnify the Escrow Agent and
      hold
      it harmless from any and all claims, liabilities, losses, actions, suits, or
      proceedings at law or in equity, or any other expenses, fees, or charges of
      any
      character or nature which it may incur or with which it may be threatened by
      reason of its acting as Escrow Agent under this Agreement; and in connection
      therewith, to indemnify the Escrow Agent against any and all expenses, including
      attorneys’ fees and costs of defending any action, suit, or proceeding or
      resisting any claim (and any costs incurred by the Escrow Agent pursuant to
      Sections 6.4 or 6.5 hereof). The Escrow Agent shall be vested with a lien on
      all
      property deposited hereunder, for indemnification of attorneys’ fees and court
      costs regarding any suit, proceeding or otherwise, or any other expenses, fees,
      or charges of any character or nature, which may be incurred by the Escrow
      Agent
      by reason of disputes arising between the makers of this escrow as to the
      correct interpretation of this Agreement and instructions given to the Escrow
      Agent hereunder, or otherwise, with the right of the Escrow Agent, regardless
      of
      the instructions aforesaid, to hold said property until and unless said
      additional expenses, fees, and charges shall be fully paid. Any fees and costs
      charged by the Escrow Agent for serving hereunder shall be paid by the
      Pledgor.

     

    6.4. If
      any of
      the parties shall be in disagreement about the interpretation of this Agreement,
      or about the rights and obligations, or the propriety of any action contemplated
      by the Escrow Agent hereunder, the Escrow Agent may, at its sole discretion
      deposit the Pledged Materials with the Clerk of the United States District
      Court
      of New Jersey, sitting in Newark, New Jersey, and, upon notifying all parties
      concerned of such action, all liability on the part of the Escrow Agent shall
      fully cease and terminate. The Escrow Agent shall be indemnified by the Pledgor,
      the Company and Pledgee for all costs, including reasonable attorneys’ fees in
      connection with the aforesaid proceeding, and shall be fully protected in
      suspending all or a part of its activities under this Agreement until a final
      decision or other settlement in the proceeding is received.

     

    6.5. The
      Escrow Agent may consult with counsel of its own choice (and the costs of such
      counsel shall be paid by the Pledgor and Pledgee) and shall have full and
      complete authorization and protection for any action taken or suffered by it
      hereunder in good faith and in accordance with the opinion of such counsel.
      The
      Escrow Agent shall not be liable for any mistakes of fact or error of judgment,
      or for any actions or omissions of any kind, unless caused by its willful
      misconduct or gross negligence.

     

    6.6. The
      Escrow Agent may resign upon ten (10) days’ written notice to the parties in
      this Agreement. If a successor Escrow Agent is not appointed within this ten
      (10) day period, the Escrow Agent may petition a court of competent jurisdiction
      to name a successor.

     

    6.7 Conflict
      Waiver.
      The
      Pledgor hereby acknowledges that the Escrow Agent is general counsel to the
      Pledgee, a partner in the general partner of the Pledgee, and counsel to the
      Pledgee in connection with the transactions contemplated and referred herein.
      The Pledgor agrees that in the event of any dispute arising in connection with
      this Agreement or otherwise in connection with any transaction or agreement
      contemplated and referred herein, the

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    Escrow
      Agent shall be permitted to continue to represent the Pledgee and the Pledgor
      will not seek to disqualify such counsel and waives any objection Pledgor might
      have with respect to the Escrow Agent acting as the Escrow Agent pursuant to
      this Agreement.

     

    6.8 Notices.
      Unless
      otherwise provided herein, all demands, notices, consents, service of process,
      requests and other communications hereunder shall be in writing and shall be
      delivered in person or by overnight courier service, or mailed by certified
      mail, return receipt requested, addressed:

     

    
      	
              If
                to the Pledgor, to:

            	
              Deep
                Field Technologies, Inc.

            
	 	
              2222
                Second Street

            
	 	
              Fort
                Myers, FL 33901

            
	 	
              Attention: Fred
                Griffin, CFO

            
	 	
              Telephone: (239)
                437-5235

            
	 	
              Facsimile: (239)
                437-5257

            
	 	 
	
              With
                a copy to:

            	
              Kirkpatrick
                & Lockhart Preston Gates Ellis LLP

            
	 	
              201
                South Biscayne Boulevard, Suite 2000

            
	 	
              Miami,
                FL 33131-2399

            
	 	
              Attention: Clayton
                E. Parker, Esq.

            
	 	
              Telephone: (305)
                539-3300

            
	 	
              Facsimile: (305)
                358-7095

            
	 	 
	
              If
                to the Pledgee:

            	
              Cornell
                Capital Partners, L.P.

            
	 	
              101
                Hudson Street, Suite 3700

            
	 	
              Jersey
                City, NJ 07302

            
	 	
              Attention: Mark
                A. Angelo

            
	 	
              Telephone: (201)
                985-8300

            
	 	
              Facsimile: (201)
                985-8266

            
	 	 
	
              With
                copy to:

            	
              David
                Gonzalez, Esq.

            
	 	
              101
                Hudson Street, Suite 3700

            
	 	
              Jersey
                City, NJ 07302

            
	 	
              Telephone: (201)
                985-8300

            
	 	
              Facsimile: (201)
                985-8266

            
	 	 

    

    

    Any
      such
      notice shall be effective (a) when delivered, if delivered by hand delivery
      or overnight courier service, or (b) five (5) days after deposit in the
      United States mail, as applicable.

     

    7.    Binding
      Effect.
      All of
      the covenants and obligations contained herein shall be binding upon and shall
      inure to the benefit of the respective parties, their successors and
      assigns.

     

    8.    Governing
      Law; Venue; Service of Process.
      The
      validity, interpretation and performance of this Agreement shall be determined
      in accordance with the laws of the State of New Jersey applicable to contracts
      made and to be performed wholly within that state except to the extent that
      Federal law applies. The parties hereto agree that any disputes,
      claims,

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

       

    

    disagreements,
      lawsuits, actions or controversies of any type or nature whatsoever that,
      directly or indirectly, arise from or relate to this Agreement, including,
      without limitation, claims relating to the inducement, construction, performance
      or termination of this Agreement, shall be brought in the state superior courts
      located in Hudson County, New Jersey or Federal district courts located in
      Newark, New Jersey, and the parties hereto agree not to challenge the selection
      of that venue in any such proceeding for any reason, including, without
      limitation, on the grounds that such venue is an inconvenient forum. The parties
      hereto specifically agree that service of process may be made, and such service
      of process shall be effective if made, pursuant to Section 8
      hereto.

     

    9.    Enforcement
      Costs.
      If any
      legal action or other pro-ceeding is brought for the enforcement of this
      Agreement, or because of an alleged dispute, breach, default or
      misrepresenta-tion in connection with any provisions of this Agreement, the
      successful or prevailing party or parties shall be entitled to recover
      reasonable attorneys’ fees, court costs and all expenses even if not taxable as
      court costs (including, without limita-tion, all such fees, costs and expenses
      incident to appeals), incurred in that action or proceeding, in addition to
      any
      other relief to which such party or parties may be entitled.

     

    10.    Remedies
      Cumulative.
      No
      remedy herein conferred upon any party is intended to be exclusive of any other
      remedy, and each and every such remedy shall be cumulative and shall be in
      addition to every other remedy given hereunder or now or here-after existing
      at
      law, in equity, by statute, or otherwise. No single or partial exercise by
      any
      party of any right, power or remedy hereunder shall preclude any other or
      further exercise thereof. 

     

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

     

    12.    No
      Penalties.
      No
      provision of this Agreement is to be interpreted as a penalty upon any party
      to
      this Agreement.

     

    13.    JURY
      TRIAL.
      EACH OF
      THE PLEDGEE AND THE PLEDGOR HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY
      WAIVES THE RIGHT WHICH IT MAY HAVE TO A TRIAL BY JURY OF ANY CLAIM, DEMAND,
      ACTION OR CAUSE OF ACTION BASED HEREON, OR ARISING OUT OF, UNDER OR IN ANY
      WAY
      CONNECTED WITH THE DEALINGS BETWEEN PLEDGEE AND PLEDGOR, THIS PLEDGE AND ESCROW
      AGREEMENT OR ANY DOCUMENT EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF
      CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS
      OF
      ANY PARTY HERETO OR THERETO IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
      ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE.

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

     

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

     

    
      	 	
              Cornell
                Capital Partners, L.P.

            
	 	 
	 	
              By:
                 Yorkville
                Advisors, LLC

            
	 	
              Its: Investment
                Manager

            
	 	 
	 	
              By: 
                /s/
                Mark Angelo

              
                

              

            
	 	
              Name: Mark
                Angelo

            
	 	
              Title: Portfolio
                Manager

            
	 	 
	 	 
	 	
              Deep
                Field Technologies, Inc.

            
	 	 
	 	
              By: 
                /s/
                Fred Griffin

              
                

              

            
	 	
              Name: Fred
                Griffin

            
	 	
              Title: Chief
                Financial Officer

            
	 	 
	 	 
	 	
              Escrow
                Agent

            
	 	 
	 	
              By: 
                /s/
                David Gonzalez, Esq.

              
                

              

            
	 	
              Name: David
                Gonzalez, Esq.

            
	 	 

    

     

    
      
         

      

        -7-IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

     

     

    July
      5,
      2007

     

    
      	
              Fidelity
                Transfer Company

            
	
              1800
                South West Temple, Suite 301

            
	
              Salt
                Lake City, Utah 84115

            

    

    

    

    
      	
            	RE:	
              DEEP
                FIELD TECHNOLOGIES, INC.

            

    

     

    Ladies
      and Gentlemen:

     

    Reference
      is made to that certain Securities Purchase Agreement (the “Securities
      Purchase Agreement”)
      of
      even date herewith by and between Deep Field Technologies, Inc., a New Jersey
      corporation (the “Company”),
      and
      the Buyers set forth on Schedule I attached thereto (collectively the
“Buyers”)
      and
      that certain Pledge and Escrow Agreement (the “Pledge
      Agreement”)
      of
      even date herewith among the Company, the Buyers and David Gonzalez, as escrow
      agent (the “Escrow
      Agent”).
      Pursuant to the Securities Purchase Agreement, the Company shall sell to the
      Buyers, an the Buyers shall purchase from the Company, convertible debentures
      (collectively, the “Debentures”)
      in the
      aggregate principal amount of One Million Seven Hundred Thousand Dollars
      ($1,300,000), plus accrued interest, which are convertible into shares of the
      Company’s common stock, no par value per share (the “Common
      Stock”),
      at
      the Buyers discretion. The Company has also issued to the Buyer warrants to
      purchase up to 20,000,000 shares of Common Stock, at the Buyer’s discretion (the
“Warrant”).
      These
      instructions relate to the following stock or proposed stock issuances or
      transfers:

     

    
      	 	
              1.

            	
              Shares
                of Common Stock to be issued to the Buyers upon conversion of the
                Debentures (“Conversion
                Shares”)
                plus the shares of Common Stock to be issued to the Buyers upon conversion
                of accrued interest and liquidated damages into Common Stock (the
                “Interest
                Shares”);
                

            

    

     

    
      	 	
              2.

            	
              Up
                to 20,000,000 shares of Common Stock to be issued to the Buyers upon
                exercise of the Warrant (the “Warrant
                Shares”);
                and

            

    

     

    
      	 	
              3.

            	
              The
                transfer of up to 750,000 shares of Common Stock (the “Escrowed
                Shares”)
                that have been delivered to the Escrow Agent pursuant to the Pledge
                Agreement. 

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    This
      letter shall serve as our irrevocable authorization and direction to Fidelity
      Transfer Company (the “Transfer
      Agent”)
      to do
      the following:

     

    
      	
            	1.	
              Conversion
                Shares and Warrant Shares.
                

            

    

     

    
      	
            	a.	
              Instructions
                Applicable to Transfer Agent.
                With respect to the Conversion Shares, Warrant Shares and the Interest
                Shares, the Transfer Agent shall issue the Conversion Shares, Warrant
                Shares and the Interest Shares to the Buyers from time to time upon
                delivery to the Transfer Agent of a properly completed and duly executed
                Conversion Notice (the “Conversion
                Notice”)
                in the form attached as Exhibit A to the Debentures, or a properly
                completed and duly executed Exercise Notice (the “Exercise
                Notice”)
                in the form attached as Exhibit A to the Warrant, delivered to the
                Transfer Agent by the Escrow Agent on behalf of the Company. Upon
                receipt
                of a Conversion Notice or an Exercise Notice, the Transfer Agent
                shall use
                its best efforts within three (3) Trading Days thereafter (i) issue
                and
                surrender to a common carrier for overnight delivery to the address
                as
                specified in the Conversion Notice or the Exercise Notice, a certificate,
                registered in the name of the Buyer or its designees, for the number
                of
                shares of Common Stock to which the Buyer shall be entitled as set
                forth
                in the Conversion Notice or Exercise Notice as long as there are
                enough
                shares available in the authorized but unissued or (ii) provided
                the
                Transfer Agent is participating in The Depository Trust Company
                (“DTC”)
                Fast Automated Securities Transfer Program, upon the request of the
                Buyers, credit such aggregate number of shares of Common Stock to
                which
                the Buyers shall be entitled to the Buyer’s or their designees’ balance
                account with DTC through its Deposit Withdrawal At
                Custodian (“DWAC”)
                system provided the Buyer causes its bank or broker to initiate the
                DWAC
                transaction. For purposes hereof “Trading
                Day”
                shall mean any day on which the Nasdaq Market is open for customary
                trading.

            

    

     

    
      	
            	b.	
              The
                Company hereby confirms to the Transfer Agent and the Buyer that
                certificates representing the Conversion Shares and the Warrant Shares
                shall not bear any legend restricting transfer and should not be
                subject
                to any stop-transfer restrictions and shall otherwise be freely
                transferable on the books and records of the Company; provided
                that
                counsel to the Company delivers (i) the Notice of Effectiveness set
                forth
                in Exhibit
                I
                attached hereto and (ii) an opinion of counsel in the form set forth
                in
                Exhibit
                II
                attached hereto, and that if the Conversion Shares, Warrant Shares
                and the
                Interest Shares are not registered for sale under the Securities
                Act of
                1933, as amended, then the certificates for the Conversion Shares,
                Warrant
                Shares and Interest Shares shall bear the following legend substantially
                as follows:

            

    

     

    “THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
      SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
      SOLD, TRANSFERRED OR ASSIGNED IN

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    THE
      ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, OR
      AN
      OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT
      REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES
      LAWS
      OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.”

     

    
      	
            	c.	
              In
                the event that counsel to the Company fails or refuses to render
                an
                opinion as required to issue the Conversion Shares or the Warrant
                Shares
                in accordance with the preceding paragraph (either with or without
                restrictive legends, as applicable), then the Company irrevocably
                and
                expressly authorizes counsel to the Buyer to render such opinion.
                The
                Transfer Agent shall accept and be entitled to rely on such opinion
                for
                the purposes of issuing the Conversion Shares.

            

    

     

    
      	 	
              d.

            	
              The
                Transfer Agent views shares covered in a registration statement as
                not
                “registered” until they comply with the registration provisions of the
                prospectus, including prospectus delivery requirements being met
                and that
                the shares are sold by the “selling shareholders”. Therefore, the Transfer
                Agent shall require a legal opinion stating, in addition to any
                registration statement being effective, that the shares may be issued
                free
                of restrictive legend as originally issued shares directly from the
                Transfer Agent and the reasoning for why that is appropriate. If
                the
                Transfer Agent does not receive such an opinion, the Transfer Agent
                will
                issue the shares with a restrictive legend and will only be able
                to remove
                such legend if the Transfer Agent receives confirmation from the
                selling
                broker that the shares have been sold and that the prospectus delivery
                requirements have been met. 

            

    

     

    
      	 	
              e.

            	
              The
                Transfer Agent has received a fully executed board resolution in
                the form
                of Exhibit
                B
                hereto authorizing the Transfer Agent to honor any and all conversion
                requests presented by Cornell pertaining to the Conversion Shares
                and the
                Interest Shares and to issue that number of Conversion Shares and
                Interest
                Shares to which Cornell is entitled pursuant to the terms of Debentures.
                

            

    

     

    
      	
            	f.	
              Instructions
                Applicable to Escrow Agent.
                Upon the Escrow Agent’s receipt of a properly completed Conversion Notice
                or Exercise Notice and the Aggregate Exercise Price (as defined in
                the
                Warrant), the Escrow Agent shall, within one (1) Trading Day thereafter,
                send to the Transfer Agent the Conversion Notice or Exercise Notice
                as the
                case may be, which shall constitute an irrevocable instruction to
                the
                Transfer Agent to process such Conversion Notice or Exercise Notice
                in
                accordance with the terms of these
                instructions.

            

    

     

    
      	
            	2.	
              Escrowed
                Shares.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
            	a.	
              With
                respect to the Escrowed Shares, upon an event of default as set forth
                in
                the Pledge Agreement, the Escrow Agent shall send written notice
                to the
                Transfer Agent (“Escrow
                Notice”)
                to transfer such number of Escrow Shares as set forth in the Escrow
                Notice
                to the Buyers. Upon receipt of an Escrow Notice and the share certificate
                along with a properly executed stock power, the Transfer Agent shall
                promptly transfer such number of Escrow Shares to the Buyers as shall
                be
                set forth in the Escrow Notice delivered to the Transfer Agent by
                the
                Escrow Agent. Further, the Transfer Agent shall promptly transfer
                such
                shares from the Buyers to any subsequent transferee promptly upon
                receipt
                of written notice from the Buyers or their counsel and the share
                certificate along with a properly executed stock power. If the Escrow
                Shares are not registered for sale under the Securities Act of 1933,
                as
                amended, then the certificates for the Escrow Shares shall bear the
                legend
                set forth in Section 1b.

            

    

     

    
      	
            	b.	
              In
                the event that counsel to the Company fails or refuses to render
                an
                opinion as may be required by the Transfer Agent to affect a transfer
                of
                the Escrow Shares (either with or without restrictive legends, as
                applicable), then the Company irrevocably and expressly authorizes
                counsel
                to the Buyers to render such opinion. The Transfer Agent shall accept
                and
                be entitles to rely on such opinion for the purpose of transferring
                the
                Escrow Shares. 

            

    

     

    
      	
            	3.	
              All
                Shares.

            

    

     

    
      	
            	a.	
              The
                Transfer Agent shall reserve for issuance to the Buyers a minimum
                of
                56,000,000 Conversion Shares and 20,000,000 Warrant Shares. All such
                shares shall remain in reserve with the Transfer Agent until the
                Buyers
                provides the Transfer Agent instructions that the shares or any part
                of
                them shall be taken out of reserve and shall no longer be subject
                to the
                terms of these instructions. 

            

    

     

    
      	
            	b.	
              The
                Company hereby irrevocably appoints the Escrow Agent as a duly authorized
                agent of the Company for the purposes of authorizing the Transfer
                Agent to
                process issuances and transfers specifically contemplated
                herein.

            

    

     

    
      	
            	c.	
              The
                Transfer Agent shall rely exclusively on the Conversion Notice, the
                Escrow
                Notice, or the Exercise Notice and shall have no liability for relying
                on
                such instructions. Any Conversion Notice, Escrow Notice, or Exercise
                Notice delivered hereunder shall constitute an irrevocable instruction
                to
                the Transfer Agent to process such notice or notices in accordance
                with
                the terms thereof. Such notice or notices may be transmitted to the
                Transfer Agent by facsimile or any commercially reasonable
                method.

            

    

     

    
      	
            	d.	
              The
                Company hereby confirms to the Transfer Agent and the Buyers that
                no
                instructions other than as contemplated herein will be given to Transfer
                Agent by the Company with respect to the matters referenced herein.
                The
                Company hereby authorizes the Transfer Agent, and the Transfer Agent
                shall
                be obligated, to disregard any contrary instructions received by
                or on
                behalf of the Company.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
            	4.	
              Certain
                Notice Regarding the Escrow
                Agent.

            

    

     

    The
      Company and the Transfer Agent hereby acknowledge that the Escrow Agent is
      general counsel to the Buyers, a partner of the general partner of the Buyers
      and counsel to the Buyers in connection with the transactions contemplated
      and
      referred herein. The Company and the Transfer Agent agree that in the event
      of
      any dispute arising in connection with this Agreement or otherwise in connection
      with any transaction or agreement contemplated and referred herein, the Escrow
      Agent shall be permitted to continue to represent the Buyers and neither the
      Company nor the Transfer Agent will seek to disqualify such
      counsel.

     

    The
      Company hereby agrees that it shall not replace the Transfer Agent as the
      Company’s transfer agent without the prior written consent of the
      Buyers.

     

    Any
      attempt by Transfer Agent to resign as the Company’s transfer agent hereunder
      shall not be effective until such date which is not less than forty-five (45)
      days after the Company receives prior written notice from the Transfer Agent
      of
      such resignation.

     

    The
      Company herby confirms and the Transfer Agent acknowledges that while any
      portion of the Debenture
      remains unpaid and unconverted the Company and the
      Transfer Agent
      shall
      not, without the prior consent of the Buyers, (i) issue any Common Stock or
      Preferred Stock without consideration or for a consideration per share less
      than
      closing bid price determined immediately prior to its issuance, (ii) issue
      any Preferred Stock, warrant, option, right, contract, call, or other security
      or instrument granting the holder thereof the right to acquire Common Stock
      without consideration or for a consideration per share less than the closing
      bid
      price of the Common Stock determined immediately prior to its issuance,
(iii)
      issue any S-8
      shares of the Company’s Common Stock.

     

     The
      Company and the Transfer Agent hereby acknowledge and confirm that complying
      with the terms of this Agreement does not and shall not prohibit the Transfer
      Agent from satisfying any and all fiduciary responsibilities and duties it
      may
      owe to the Company.

     

    The
      Company and the Transfer Agent acknowledge that the Buyers is relying on the
      representations and covenants made by the Company and the Transfer Agent
      hereunder and are a material inducement to the Buyers purchasing convertible
      debentures under the Securities Purchase Agreement. The Company and the Transfer
      Agent further acknowledge that without such representations and covenants of
      the
      Company and the Transfer Agent made hereunder, the Buyers would not purchase
      the
      Debentures.

     

    Each
      party hereto specifically acknowledges and agrees that in the event of a breach
      or threatened breach by a party hereto of any provision hereof, the Buyers
      will
      be irreparably damaged and that damages at law would be an inadequate remedy
      if
      these Irrevocable Transfer Agent Instructions were not specifically enforced.
      Therefore, in the event of a breach or threatened breach by a party hereto,
      including, without limitation, the attempted termination of the agency
      relationship created by this instrument, the Buyers shall be entitled, in
      addition to all other rights or remedies, to an injunction restraining such
      breach, without being required to show any actual damage or to post any bond
      or
      other security, and/or to a decree for specific performance of the provisions
      of
      these Irrevocable Transfer Agent Instructions.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

     

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties have caused this letter agreement regarding Irrevocable Transfer Agent
      Instructions to be duly executed and delivered as of the date first written
      above.

     

    
      	 	
              COMPANY:

            
	 	 
	 	
              Deep
                Field Technologies, Inc.

            
	 	 
	 	
              By: 
                /s/
                Scott Cray

              
                

              

            
	 	
              Name: 
                Scott
                Cray

            
	 	
              Title: 
                Acting
                Secretary 

            
	 	 
	 	 
	 	
              /s/
                David Gonzalez, Esq.

            
	 	
              David
                Gonzalez, Esq.

            
	 	 
	 	 

    

    

    FIDELITY
      TRANSFER COMPANY

     

    By: 
      /s/
      Kevin
      Kopaunik

      
        

      

    

    Name: 
      Kevin
      Kopaunik

    Title: 
      President

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SCHEDULE
      I

     

    SCHEDULE
      OF BUYERS 

     

    
      	
              Name

            	 	
              Signature

            	 	
              Address/Facsimile
                

              Number
                of Buyers

            
	 	 	 	 	 
	
              Cornell
                Capital Partners, L.P.

            	 	
              By: Yorkville
                Advisors, LLC

            	 	
              101
                Hudson Street - Suite 3700

            
	 	 	
              Its: Investment
                Manager

            	 	
              Jersey
                City, NJ 07303

            
	 	 	 	 	
              Facsimile:
                 (201)
                985-8266

            
	 	 	 	 	 
	 	 	
              By: 
                /s/
                Mark Angelo

              
                

              

            	 	 
	 	 	
              Name: 
                Mark
                Angelo

            	 	 
	 	 	
              Its: 
                Portfolio
                Manager

            	 	 
	 	 	 	 	 

    

    

    

    
      
        
          
            SCHEDULE
              I-1

          

           

        

        
           

          
            

          

        

        
           

          
          

        

      

    

     

    EXHIBIT
      I

     

    TO
      IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

     

    FORM
      OF NOTICE OF EFFECTIVENESS

    OF
      REGISTRATION STATEMENT

     

    

    _________,
      200_

    

    ________

    

    

    Attention: 

    

    RE: DEEP
      FIELD TECHNOLOGIES, INC.

    

    Ladies
      and Gentlemen:

    

    We
      are
      counsel to Deep Field Technologies, Inc., (the “Company”),
      and
      have represented the Company in connection with that certain Securities Purchase
      Agreement, dated as of ________________ ____, 200_ (the “Securities
      Purchase Agreement”),
      entered into by and among the Company and the Buyers set forth on Schedule
      I
      attached thereto (collectively the “Buyers”)
      pursuant to which the Company has agreed to sell to the Buyers up to $1,700,000
      of secured convertible debentures, which shall be convertible into shares (the
      “Conversion
      Shares”)
      of the
      Company’s common stock, no par value per share (the “Common
      Stock”),
      in
      accordance with the terms of the Securities Purchase Agreement. Pursuant to
      the
      Securities Purchase Agreement, the Company also has entered into a Registration
      Rights Agreement, dated as of ______________ ___, 200_, with the Buyers (the
      “Investor
      Registration Rights Agreement”)
      pursuant to which the Company agreed, among other things, to register the
      Conversion Shares under the Securities Act of 1933, as amended (the
“1933
      Act”).
      In
      connection with the Company’s obligations under the Securities Purchase
      Agreement and the Registration Rights Agreement, on _______, 200_, the Company
      filed a Registration Statement (File No. ___-_________) (the “Registration
      Statement”)
      with
      the Securities and Exchange Commission (the “SEC”)
      relating to the sale of the Conversion Shares.

     

    In
      connection with the foregoing, we advise the Transfer Agent that a member of
      the
      SEC’s staff has advised us by telephone that the SEC has entered an order
      declaring the Registration Statement effective under the 1933 Act at ____ P.M.
      on __________, 200_ and we have no knowledge, after telephonic inquiry of a
      member of the SEC’s staff, that any stop order suspending its effectiveness has
      been issued or that any proceedings for that purpose are pending before, or
      threatened by, the SEC and the Conversion Shares are available for sale under
      the 1933 Act pursuant to the Registration Statement.

     

    
      
        EXHIBIT
          I-1

         

      

      
         

        
          

        

      

      
         

      

    

     

     

    The
      Buyers has confirmed it shall comply with all securities laws and regulations
      applicable to it including applicable prospectus delivery requirements upon
      sale
      of the Conversion Shares.

     

    Very
      truly yours,

    

    

    

    

    By:      

    

    

    

    

    

    

    

    
      
        
          EXHIBIT
            I-2

        

         

      

      
         

        
          

        

      

      
         

        
        

      

    

     

    EXHIBIT
      II

     

    TO
      IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

     

    FORM
      OF OPINION

     

    

    ________________
      200_

    

    VIA
      FACSIMILE AND REGULAR MAIL

    

    ________

    

    

    Attention: 

    

    RE: DEEP
      FIELD TECHNOLOGIES, INC.

    

    Ladies
      and Gentlemen:

     

    We
      have
      acted as special counsel to Deep Field Technologies, Inc. (the “Company”),
      in
      connection with the registration of ___________shares (the “Shares”)
      of its
      common stock with the Securities and Exchange Commission (the “SEC”).
      We
      have
      not acted as your counsel. This opinion is given at the request and with the
      consent of the Company.

     

     

    In
      rendering this opinion we have relied on the accuracy of the Company’s
      Registration Statement on Form SB-2, as amended (the “Registration
      Statement”),
      filed
      by the Company with the SEC on _________ ___, 200_. The Company filed the
      Registration Statement on behalf of certain selling stockholders (the
“Selling
      Stockholders”).
      This
      opinion relates solely
      to the
      Selling Shareholders listed on Exhibit
      “A”
      hereto
      and number of Shares set forth opposite such Selling Stockholders’ names. The
      SEC declared the Registration Statement effective on __________ ___,
      200_.

     

    We
      understand that the Selling Stockholders acquired the Shares in a private
      offering exempt from registration under the Securities Act of 1933, as amended.
      Information regarding the Shares to be sold by the Selling Shareholders is
      contained under the heading “Selling Stockholders” in the Registration
      Statement, which information is incorporated herein by reference. This opinion
      does not relate to the issuance of the Shares to the Selling Stockholders.
      The
      opinions set forth herein relate solely to the sale or transfer by the Selling
      Stockholders pursuant to the Registration Statement under the Federal laws
      of
      the United States of America. We do not express any opinion concerning any
      law
      of any state or other jurisdiction.

     

     

    In
      rendering this opinion we have relied upon the accuracy of the foregoing
      statements.

     

    
      
        EXHIBIT
          II-1

         

      

      
         

        
          

        

      

      
         

      

    

     

    Based
      on
      the foregoing, it is our opinion that the Shares have been registered with
      the
      Securities and Exchange Commission under the Securities Act of 1933, as amended,
      and that ________ may remove the restrictive legends contained on the Shares.
      This opinion relates solely
      to the
      number of Shares set forth opposite the Selling Stockholders listed on
Exhibit
      “A”
      hereto.

     

     

    This
      opinion is furnished to Transfer Agent specifically in connection with the
      sale
      or transfer of the Shares, and solely for your information and benefit. This
      letter may not be relied upon by Transfer Agent in any other connection, and
      it
      may not be relied upon by any other person or entity for any purpose without
      our
      prior written consent. This opinion may not be assigned, quoted or used without
      our prior written consent. The opinions set forth herein are rendered as of
      the
      date hereof and we will not supplement this opinion with respect to changes
      in
      the law or factual matters subsequent to the date hereof.

     

    Very
      truly yours,

    

    

    
      
        
          
            EXHIBIT
              II-2

          

           

        

        
           

          
            

          

        

        
           

          
          

        

      

    

     

    EXHIBIT
      A

     

    (LIST
      OF SELLING STOCKHOLDERS)

     

    
      	
              Name:

            	 	
              No.
                of Shares:

            
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

    

     

    
      
        
          EXHIBIT
            A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}]]