Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Norpac Technologies, Inc. - Exhibit 10.2

PROMISSORY NOTE

	EXECUTED BY: 	NEXTDIGITAL CORP. 
	  	(the "Borrower") 
	 	 
	IN FAVOUR OF: 	NORPAC TECHNOLOGIES, INC. 
	  	(the "Lender") 
	 	 
	PRINCIPAL AMOUNT: 	$162,000 (U.S.) 
	 	 
	DATE OF EXECUTION: 	January 30, 2007 
	 	 
	PLACE OF EXECUTION: 	Vancouver, BC, Canada
  

FOR VALUE RECEIVED the Borrower hereby promises to pay
to or to the order of the Lender on January 30, 2009, the principal sum of
$162,000 (U.S.), together with interest thereon at the rate of 8% per annum,
calculated and compounded annually, both before and after maturity from the date
hereof.

The Borrower waives presentment, demand, notice, protest and
notice of dishonour and all other demands and notices in connection with the
delivery, acceptance, performance, default or enforcement of this Promissory
Note.

The Borrower agrees this Promissory Note may be negotiated,
assigned, discounted, or pledged by the Lender and in every case payment will be
made to the holder of this Promissory Note instead of the Lender upon notice
being given by the holder to the undersigned, and no holder of this Promissory
Note will be affected by the state of accounts between the undersigned and the
Lender or by any equities existing between the undersigned and the Lender and
will be deemed to be a holder in due course and for the value of the Promissory
Note held by him.

DATED at Vancouver, BC this 30th day of January, 2007.

NEXTDIGITAL CORP. 
by its authorized signatory:

/s/ Daniel S.
Bland
________________________________
Daniel S. Bland, PresidentFiled by Automated Filing Services Inc. (604) 609-0244 - MobileMail (US) Inc. - Exhibit 10.1

EXHIBIT 10.1

CAPELLA CAPITAL OÜ, POLLUX OÜ and TRACEBIT
HOLDING OY

 

 

and 

 

MOBILEMAIL (US) INC. 

 

and 

 

OY TRACEBIT AB

 

 

	 
	EQUITY SHARE PURCHASE AGREEMENT 
	 
	January 31, 2007 
	 

EQUITY SHARE PURCHASE AGREEMENT

THIS AGREEMENT is made effective as of January 31, 2007
(the “Effective Date”), 

AMONG:

CAPELLA CAPITAL OÜ, an Estonian
company with an address at Pärnu mnt 10, Tallinn 10148, Estonia;

POLLUX OÜ, an Estonian company
with an address at Pärnu mnt 10, Tallinn 10148, Estonia; and

TRACEBIT HOLDING OY a Finish
company with an address at Kyrkotorget 13 E, 06100 Borgå, Finland

(each a “Vendor” and
collectively the “Vendors”)

AND:

MOBILEMAIL (US) INC., a Nevada
corporation with an address at Suite 5.18, MLS Business Centre, 130 Shaftesbury
Avenue, London, England 

(“Purchaser”)

AND:

OY TRACEBIT AB, a Finish
company with an address at Kirkkotori 13E, 06100 Porvoo, Finland

(“Tracebit”)

WHEREAS:

(A)                            
     The Vendors collectively own all outstanding equity
share capital of Tracebit;

(B)                                 
The Purchaser wishes to purchase all of the issued and outstanding equity share
capital of Tracebit from the Vendors on the terms and subject to the conditions
set out in this Agreement.

THIS AGREEMENT WITNESSES THAT the Parties, intending to
be legally bound, covenant and agree as follows:

PART 1

DEFINITIONS AND INTERPRETATION

Definitions

1.1                                 
In this Agreement, including the recitals and schedules, the following words and
phrases have the following meanings:

- 2 -

(a)         
 “Affiliate” means any officer, director, shareholder or employee of
any company or any member of the immediate family (limited to a spouse, parent
or child) of any such officer, director, shareholder or employee, and any
corporation;

(b)          
“Assets” means all property or assets of any nature or kind, whether real
property or personal property, tangible or intangible;

(c)          
“Business Day” means any day other than a Saturday, Sunday or public
holiday in London, England or Porvoo, Finland;

(d)          
“Closing” means the completion of the purchase and sale of the Tracebit
Share Capital on the terms and subject to the conditions contained in this
Agreement;

(e)          
“Closing Date” means the date of Closing, as determined in accordance
with §2.3 of this Agreement;

(f)          
“Company” means Tracebit;

(g)          
“Consents and Approvals” means all necessary consents and approvals
required to be obtained in connection with the execution and delivery by
Tracebit and the Vendors of this Agreement and the consummation of the
transactions described herein, as listed in the Disclosure Schedule, which
consents and approvals will include all consents and approvals required to be
obtained under all licenses and permits held by Tracebit for the conduct and
operation of its business in order that the Company, through its subsidiaries,
will have the full benefit of such licenses and permits following Closing;

(h)          
“Disclosure Schedule” means the disclosure schedule attached as Schedule
1. The Disclosure Schedule will be arranged in sections corresponding to the
numbered and lettered sections contained in this Agreement and the disclosure in
any section qualifies other sections in this Agreement only to the extent that
such disclosure specifically references the fact that it also qualifies or
applies to such other specified sections;

(i)          
“Employees and Contractors” means all individuals who are full-time,
part-time or temporary employees or individuals engaged on contract to provide
employment or similar services in respect of Tracebit;

(j)          
“Encumbrance” means any lien, claim, charge, pledge, hypothecation,
security interest, mortgage, title retention agreement, option, assignment,
license or other encumbrance or adverse claim of any nature or kind
whatsoever;

(k)          
“Financial Statements” means the audited financial statements of Tracebit
for the fiscal years ended December 31, 2005 and December 31, 2004 and the
unaudited reviewed interim financial statements of Tracebit for the nine months
ended September 30, 2006, each attached as Schedule 2; 

(l)          
“GAAP” means Finish generally accepted accounting principles
determinations of an accounting nature in respect of Tracebit will be made in a
manner consistent with GAAP and past practice with no changes in the method of
application of the Company’s accounting policies or changes in the method of
applying the Company’s use of estimates;

- 3 -

(m)          
“Government Entity” means (i) any international, multinational, national,
federal, provincial, state, municipal, local or other government or public
department, central bank, court, commission, board, bureau, agency or
instrumentality, domestic or foreign, (ii) any subdivision or authority of any
of the foregoing, or (iii) any quasi-government or private body, in each case,
having jurisdiction on behalf of any nation, province, territory, state or other
geographic subdivision thereof and exercising any regulatory, judicial,
legislative, expropriation or taxing authority;

(n)          
“Intellectual Property” means, in respect of a Person, all patents
(including utility patents, design patents, registered industrial designs,
utility models and certificates of addition), patent applications, copyright,
trade marks (including trade names, business names and service marks),
semiconductor topography rights, information rights in computer software and
databases, internet domain names, know-how, trade secrets, other similar
instruments or rights, whether registered or unregistered, and all rights in
relation to any of the foregoing which are recognized in any jurisdiction, of
the Person;

(o)          
“Material Contracts” means all agreements, whether oral or written, to
Tracebit is a party, which are currently in effect and are material to the
operation of the Company’s business, including the following agreements, without
limitation: (i) license agreement or agreement providing for the payment or
receipt of royalties or other compensation by Tracebit in connection with the
Intellectual Property of the Company used in the operation of its business; (ii)
stock purchase or stock option plan; (iii) contract for the employment of any
officer, individual employee or other person on a full-time or consulting basis
or relating to severance pay for any such person; (iv) contract, agreement or
understanding relating to the voting of the Company’s capital stock or the
election of directors; (v) agreement or indenture relating to the borrowing of
money or to mortgaging, pledging or otherwise placing a lien on any of the
assets of the Company; (vi) guaranty of any obligation for borrowed money or
otherwise; (vii) lease or agreement under which Tracebit is lessee of, or holds
or operates any property, real or personal, owned by any other party; (viii)
contract which prohibits the Company from freely engaging in business anywhere
in the world; (ix) contract or commitment for capital expenditures in excess of
€25,000; (x) agreement for the sale of any capital asset; (xi) contracts,
understandings, arrangements or commitments with respect to the acquisition
and/or use by Tracebit of in connection with the Intellectual Property of the
Company used in the operation of its business; or (xii) other agreement which is
either material to the Company’s business or was not entered into in the
ordinary course of business;

(p)          
“Party” means each party to this Agreement individually and
“Parties” mean each Party collectively;

(q)          
“Person” includes an individual, corporation, limited liability
corporation, unlimited liability company, body corporate, partnership, limited
partnership, joint venture, association, trust or unincorporated organization or
any trustee, executor, administrator or other legal representative thereof or
any other entity (including a Government Entity);

(r)          
“Purchase Price” has the meaning ascribed to it in §2.2;

(s)          
“Purchaser Shares” has the meaning ascribed to it in §2.2; 

(t)          
“Purchaser’s Closing Documents” means the closing documents set forth in
§8.3 to be delivered by the Purchaser on or before the Closing Date;

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(u)          
“Purchaser’s Solicitors” means Lang Michener LLP;

(v)          
“SEC” means the United States Securities and Exchange Commission; 

(w)          
“Securities Act” means the United States Securities Act of 1933, as
amended; \

(x)          
“Share Capital” has the meaning ascribed to it in §2.2; 

(y)          
“Tracebit Share Capital” means all outstanding equity share capital of
Tracebit;

(z)          
“Vendors’ Closing Documents” means the closing documents set forth in
§8.2 to be delivered by the Vendors and Tracebit on or before the Closing Date;
and

Schedules

1.2                                 
The following schedules are attached to, form part of, and are hereby
incorporated by reference into this Agreement:

Schedule 1 – Disclosure Schedule

Schedule 2 – Financial Statements

PART 2

PURCHASE AND SALE

Purchase and Sale of Tracebit Share Capital

2.1                                 
In reliance on the representations and warranties, and on the terms and subject
to the conditions contained in this Agreement, at the Closing, the Purchaser
will purchase from the Vendors, and each of the Vendors will sell, assign and
transfer to the Purchaser, all outstanding Tracebit Share Capital, free and
clear of all Encumbrances. 

Purchase Price

2.2                                 
The total purchase price payable by the Purchaser collectively to the Vendors
for the Tracebit Share Capital (the “Purchase Price”) will the issue to
the Vendors of an aggregate of 8,224,650 shares in the common stock of the
Purchaser (the “Purchaser’s Shares”).

Closing

2.3                                 
The Closing will take place as soon as possible following satisfaction by each
of the Vendors of the condition precedent set forth in Section 7.1(c) of this
Agreement. 

Issuance of the Purchaser Shares

2.4                                 
Each Vendor acknowledges and agrees with the Purchaser that:

Regulation S. The Purchaser Shares will be offered and
sold to the without such offers and sales being registered under the United
States U.S. Securities Act of 1933 and will be issued to the Vendor in
accordance with Rule 903 of Regulation S of the U.S. Securities Act in an
“offshore transaction” within 

- 5 -

the meaning of Regulation S based on the representations and
warranties of the Vendor in this Agreement. As such, each Vendor further
acknowledges and agrees that all Purchaser Shares will, upon issuance, be
“restricted securities” within the meaning of the U.S. Securities Act.

Agreement Regarding Resale. The Vendor agrees to resell
the Purchaser Shares only in accordance with the provisions of Regulation S of
the U.S. Securities Act, pursuant to registration under the U.S. Securities Act,
or pursuant to an available exemption from registration pursuant to the U.S.
Securities Act, and otherwise in accordance with all applicable state securities
laws and the laws of any other jurisdiction. The Vendor agrees that the
Purchaser may require the opinion of legal counsel reasonably acceptable to the
Purchaser in the event of any offer, sale, pledge or transfer of any of the
Purchaser Shares by the Vendor pursuant to an exemption from registration under
the U.S. Securities Act. 

Prohibition Against Hedging Transactions. The Vendor
agrees not to engage in hedging transactions with regard to the Purchaser Shares
unless in compliance with the U.S. Securities Act.

Right of Mobilemail to Refuse Transfer. The Vendor
agrees that the Purchaser will refuse to register any transfer of the Purchaser
Shares not made in accordance with the provisions of Regulation S of the U.S.
Securities Act, pursuant to registration under the U.S. Securities Act, pursuant
to an available exemption from registration, or otherwise pursuant to this
Agreement. 

No Obligation to Register. The Vendor acknowledges that
the Purchaser has not agreed and has no obligation to register the resale of the
Purchaser Shares under the U.S. Securities Act.

Share Certificates. The Vendor acknowledges and agrees
that all certificates representing the Purchaser Shares will be endorsed with
the following legend in accordance with Regulation S of the U.S. Securities Act
or such similar legend as deemed advisable by legal counsel for the Purchaser to
ensure compliance with Regulation S of the U.S. Securities Act and to reflect
the status of the Purchaser Shares as restricted securities: 

“THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE
"ACT"), AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE ACT PROVIDED BY REGULATION S PROMULGATED UNDER THE ACT. SUCH
SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED
EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN
EFFECTIVE REGISTRATION UNDER THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM
REGISTRATION UNDER THE ACT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY
NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT”.

PART 3

REPRESENTATIONS AND WARRANTIES IN RESPECT OF THE
VENDOR

Representations and Warranties in Respect of the
Vendor

3.1                                 
Each of the Vendors severally represent and warrant to the Purchaser that, as at
both the effective date of this Agreement and the Closing Date,

(a)          
Capacity – the Vendor has all necessary legal right and capacity to
execute and deliver this Agreement, to transfer the legal and beneficial title
and ownership of the Tracebit Share 

- 6 -

Capital owned by the Vendor to the
Purchaser, to perform all of the Vendors’ obligations hereunder and to comply
with the terms and provisions of this Agreement, and this Agreement constitutes
a valid and binding obligation of the Vendor in accordance with its terms,

(b)          
No Approvals Required – no authorization, approval, order, license permit
or consent of any Government Entity nor the registration, declaration or filing
by the Vendor with any such Government Entity is required in order for the
Vendor

(i)           to
execute and deliver this Agreement or any other agreement, certificate or
instrument to be executed or delivered by the Vendor pursuant to or contemplated
by this Agreement,

(ii)          
to incur the obligations expressed to be incurred by the Vendor pursuant to this
Agreement, or

(iii)          to
duly perform and observe the terms and provisions of this Agreement,

(c)          
No Conflict – the Vendor is not a party to, bound by or subject to any
indenture, mortgage, lease, agreement, instrument, statute, regulation, order,
judgment, decree or law which would be violated, contravened or breached by, or
under which any default would occur or which gives rise to a requirement to
obtain any authorization, consent, approval or waiver from any third Person as a
result of, and there are no actions, claims, suits, litigation, investigations
or proceedings pending or threatened against or affecting the Vendor which would
prevent

(i)          
the execution and delivery by the Vendor of this Agreement or any other
agreement, certificate or instrument to be executed or delivered by the Vendor
pursuant to or contemplated by this Agreement, or

(ii)          
the performance by the Vendor of its obligations pursuant to, or the observance
by the Vendor of any of the terms and provisions of, this Agreement,

(d)          
No Other Agreements – no Person (other than the Purchaser) has any
agreement, option or right, present or future, contingent, absolute or capable
of becoming an agreement, option or right to require the Vendor to, sell,
transfer, assign or otherwise dispose of the Vendor’s Tracebit Share
Capital,

(e)          
No Fees Payable – no broker, investment banker, financial advisor or
other Person is entitled to any broker’s, finder’s, financial advisor’s or other
similar fee or commission, or the reimbursement of expenses, in connection with
the transactions contemplated by this Agreement based upon arrangements made by
or on behalf of the Vendor,

(f)          
Title to Share Capital – the Vendor owns and has good and marketable
title to the Vendor’s Tracebit Share Capital as the legal and beneficial owner
thereof, free of all Encumbrances, 

(g)          
Company Assets – the Vendor does not have any right or interest in or to
any Intellectual Property or other Asset owned by or used by Tracebit in its
business as presently conducted or as currently proposed by Tracebit to be
conducted,

(h)          
Legal Advice– the Vendor acknowledges and agrees that the Purchaser’s
Solicitors have acted as counsel only to the Purchaser and that the Purchaser’s
Solicitors are not protecting the 

- 7 -

rights and interests of any other Party
and that the Vendor has had the opportunity to seek and were not prevented from
seeking independent legal advice before the execution and delivery of this
Agreement and all other agreements, certificates or instruments to be executed
or delivered by the Vendor pursuant to or contemplated by this Agreement. If the
Vendor did not avail itself of the opportunity to seek independent legal advice
before signing this Agreement, the Vendor did so voluntarily without any undue
pressure and agrees that such failure to obtain independent legal advice will
not be used by the Vendor as a defence to the enforcement by the Purchaser of
the obligations of the Vendor under this Agreement or such other agreements,
certificates or instruments,

(i)          
Status of Purchaser – the Vendor is not a “U.S. Person” as defined by
Regulation S of the U.S. Securities Act and is not acquiring the Purchaser
Shares for the account or benefit of a U.S. Person. A “U.S. Person” is defined
by Regulation S of the Act to be any person who is:

(i)          
any natural person resident in the United States;

(ii)          any
partnership or corporation organized or incorporated under the laws of the
United States

(iii)         any
estate of which any executor or administrator is a U.S. person; (iv) any trust
of which any trustee is a U.S. person; (v) any agency or branch of a foreign
entity located in the United States;

(vi)          any
non-discretionary account or similar account (other than an estate or trust)
held by a dealer or other fiduciary organized, incorporate, or (if an
individual) resident in the United States; and

(vii)         any
partnership or corporation if:

(a)          
organized or incorporated under the laws of any foreign jurisdiction; and

(b)           formed by a
U.S. person principally for the purpose of investing in securities not
registered under the Act, unless it is organized or incorporated, and owned, by
accredited Vendors [as defined in Section 230.501(a) of the Act] who are not
natural persons, estates or trusts;

(j)          
the Vendor was not in the United States at the time the offer to purchase the
Purchaser Shares was received or this Agreement was executed; 

(k)          
the Vendor has such knowledge, sophistication and experience in business and
financial matters such that it is capable of evaluating the merits and risks of
the investment in the Purchaser Shares. The Vendor has evaluated the merits and
risks of an investment in the Purchaser Shares. The Vendor can bear the economic
risk of this investment, and is able to afford a complete loss of this
investment;

(l)          
the Vendor acknowledges that the Purchaser is in the early stages of development
of its business and the Purchaser’s success is subject to a number of
significant risks, including the risk that the Purchaser will not be able to
finance its plan of operations. The Vendor further acknowledges that (i) the
Purchaser has limited cash and working capital, (ii) the Purchaser will 

- 8 -

have to raise additional capital in
order to finance its plan of operations which capital may be raised by the issue
of additional shares of its common stock which will result in dilution to the
Vendor, and (iii) other than as set forth in this Agreement the Purchaser has no
arrangements for any financing in place and there is no assurance that any
financing will be completed;

(m)          
the Purchaser Shares will be acquired by the Vendor for investment for the
Vendor's own account, not as a nominee or agent, and not with a view to the
resale or distribution of any part thereof, and that the Vendor has no present
intention of selling, granting any participation in, or otherwise distributing
the same. The Vendor does not have any contract, undertaking, agreement or
arrangement with any person to sell, transfer or grant participations to such
person or to any third person, with respect to any of the Purchaser Shares;

(n)          
the Vendor has been afforded access to information about the Purchaser and the
Purchaser’s financial condition, results of operations, business, properties,
management and prospects sufficient it to evaluate its investment in the
Purchaser Shares. The Vendor further represents that it has had an opportunity
to ask questions and receive answers from representatives of the Purchaser
regarding the terms and conditions of the offerings completed by the Purchaser
and the business, properties, prospects and financial condition of the
Purchaser, each as is necessary to evaluate the merits and risks of investing in
the Purchaser Shares. The Vendor believes it has received all the information it
considers necessary or appropriate for deciding whether to purchase the
Purchaser Shares. The Vendor has had full opportunity to discuss this
information with the Vendor’s legal and financial advisers prior to execution of
this Agreement;

(o)          
the Vendor acknowledges that the Purchaser will rely on these representations in
completing the issuance of the Purchaser Shares to the Vendor;

(p)          
the Vendor acknowledges that the offering of the Purchaser Shares by the
Purchaser has not been reviewed by the SEC or any state securities regulatory
authority;

(q)          
Information Regarding the Purchaser – the Vendor has had full opportunity
to ask questions and receive answers from representatives of the Purchaser
regarding the business, properties, prospects and financial condition of the
Purchaser, each as is necessary to evaluate the merits and risks of investing in
the Purchaser Shares. The Vendor believes it has received all the information it
considers necessary or appropriate for deciding whether to purchase the
Purchaser Shares. The Vendor has had full opportunity to discuss this
information with the Vendor’s legal and financial advisers before execution of
this Agreement, and 

(r)          
Reliance by Purchaser on Representations – the Vendor acknowledges that
the Purchaser will rely on these representations in completing the issuance of
the Purchaser Shares to the Vendor.

Survival

3.2                                 
The representations and warranties of the Vendor contained in this Agreement
will survive the Closing and continue in full force and effect for a period of
twenty-four (24) months after the Closing Date.

- 9 -

PART 4

REPRESENTATIONS AND WARRANTIES IN RESPECT OF TRACEBIT

Representations and Warranties in Respect of
Tracebit

4.1                              
Tracebit Holding Oy, as the principal owner of the Tracebit Share Capital,
represents and warrants to the Purchaser that, as at both the effective date of
this Agreement and the Closing Date, and except to the extent set forth in the
Disclosure Schedule,

(a)          
Organization and Good Standing – Tracebit is duly incorporated and is
validly existing and in good standing under the laws of its jurisdiction of
incorporation, and has all necessary legal and corporate power and authority to
own its property and assets and to carry on its business as presently conducted.
Tracebit has delivered to the Purchaser complete and correct copies of its
constating documents including its certificate of incorporation and its articles
and bylaws, all as may be amended, and the minute books of Tracebit which
contain complete and correct copies of all proceedings and actions taken at all
meetings of, or effected by written consent of, the shareholders and the board
of directors (including any committees thereof) of Tracebit. Tracebit is duly
qualified, licensed or registered to carry on business in the jurisdictions
where it owns, leases or operates its property,

(b)          
No Approvals Required – except as has been or will be obtained before the
Closing Date, no vote or consent of the holders of any class or series of shares
of Tracebit is necessary to approve and adopt this Agreement or to consummate
any of the transactions contemplated hereby, and no authorization, approval,
order, license, permit or consent of any Government Entity nor the registration,
declaration or filing by Tracebit with any such Government Entity is required in
order for Tracebit

(i)           to
execute and deliver this Agreement or any other agreement, certificate or
instrument to be executed or delivered by Tracebit pursuant to or contemplated
by this Agreement,

(ii)          to
incur the obligations expressed to be incurred by Tracebit pursuant to this
Agreement, or

(iii)         to duly
perform and observe the terms and provisions of this Agreement,

(c)          
No Conflict – subject to obtaining the Consents and Approvals, no company
is a party to, bound by or subject to any indenture, mortgage, lease, agreement,
instrument, statute, regulation, order, judgment, decree or law which would be
violated, contravened or breached by, or under which any default would occur, or
which could be terminated, cancelled or accelerated, in whole or in part, or
which allows any Person to exercise any rights or gives rise to a requirement to
obtain any authorization, consent, approval or waiver from any third Person, as
a result of the execution and delivery of this Agreement or the consummation of
any of the transactions provided for herein,

(d)          
No Litigation – there is no claim, suit, action, litigation, arbitration
proceeding or Government Entity proceeding, including any appeal or application
for review, in progress, pending or to the knowledge of the Tracebit Holding Oy
and Tracebit, threatened against, or relating to Tracebit or affecting
Tracebit’s Assets or business,

- 10 -

(e)          
Compliance with Laws – Tracebit and its Assets, operations and business
have been and are being operated and have been and are in material compliance
with all laws or orders applicable to its business or operations. No company has
received a notice or other communication alleging a possible violation of any
law or order applicable to its business or operations,

(f)          
Outstanding Share Capital – the outstanding equity share capital of
Tracebit is comprised of 15,000 shares with a par value of approximately 0.1682
euros (total share capital is approx. 2,522,82 euros) as of the date of this
Agreement, all of which Tracebit Share Capital have been validly issued and are
outstanding and registered in the names of the Vendors in accordance with
Finnish law,

(g)          
No Other Agreements – no Person has any agreement, option or right,
present or future, contingent, absolute or capable of becoming an agreement,
option or right, or which with the passage of time or the occurrence of any
event could become an agreement, option or right, to require Tracebit to

(i)          
allot or issue any further or other share in its capital or any other security
convertible or exchangeable into any share in its capital,

(ii)          convert
or exchange any security into or for any share in its capital, or

(iii)         purchase,
redeem or otherwise acquire any issued and outstanding share in its capital,

(h)          
Financial Statements – the Financial Statements (i) have been derived
from and are in accordance with the books and records of Tracebit, (ii) have
been prepared in accordance with GAAP consistently applied with past practice,
and (iii) fairly present the financial position of Tracebit as at each date and
the results of operations, cash flows and the changes in shareholder’s equity
for each period reported,

(i)          
Accuracy of Records – all financial transactions of Tracebit have been
fairly reflected in the accounting and financial books and records of Tracebit,
and such books and records are stated in reasonable detail and fairly reflect
the basis for the Financial Statements,

(j)          
Bankruptcy – Tracebit has not made an assignment in favour of its
creditors or a proposal in bankruptcy to its creditors or any class thereof, and
no petition for a receiving order has been presented in respect of it. Tracebit
has not initiated proceedings with respect to a compromise or arrangement with
its creditors, or for its winding-up, liquidation or dissolution. No receiver or
interim receiver has been appointed in respect of Tracebit or its Assets and no
execution or distress has been levied on any of Tracebit’s Assets, nor have
proceedings been commenced in respect of any of the foregoing,

(k)          
Absence of Undisclosed Liabilities – except to the extent disclosed,
reflected or reserved against in the Financial Statements or incurred in the
ordinary and normal course of the business since September 30, 2006, Tracebit
does not have any outstanding or any liabilities or obligations (whether
accrued, accruing, absolute, contingent or otherwise) and all such reserve
amounts are adequate based on the past experience of Tracebit and are consistent
with the accounting procedures used by Tracebit in previous fiscal periods and
there is nothing which indicates that such reserves are not adequate or that
higher reserves should be taken,

- 11 -

(l)          
Absence of Changes – since September 30, 2006 there have not been

(i)          
any changes in the condition or operations of the business, Assets or financial
affairs of Tracebit which are, individually or in the aggregate, materially
adverse, or

(ii)         any
damage, destruction or loss, labour unrest or other event, development or
condition, of any character (whether or not covered by insurance) which is not
generally known or which has not been disclosed to the Purchaser in writing, or
which to the knowledge of the Vendor, may materially adversely affect the Assets
or the business of Tracebit,

(m)          
Absence of Unusual Transactions – since September 30, 2006, Tracebit has
not 

(i)          
transferred, assigned, sold or otherwise disposed of any Asset shown or
reflected in the Financial Statements or forgiven, cancelled or released any
debt or claim, except in the ordinary and normal course of its business,

(ii)         
incurred or assumed any obligation or liability (fixed or contingent), except
unsecured current obligations and liabilities incurred in the ordinary and
normal course of its business,

(iii)         issued or
sold any share in its capital or any warrant, bond, debenture or other corporate
security or issued, granted or delivered any right, option or other commitment
for the issuance of any such or other security,

(iv)         
discharged or satisfied any Encumbrance, or paid any obligation or liability
(fixed or contingent), other than current liabilities or the current portion of
long-term liabilities disclosed in the Financial Statements or current
liabilities incurred since the date thereof in the ordinary and normal course of
its business,

(v)          
declared or made any payment of any dividend or other distribution in respect of
any of its shares other than in the ordinary and normal course, nor purchased,
redeemed, subdivided, consolidated, or reclassified any share in its
capital,

(vi)          entered
into any transaction not in the ordinary and normal course of its business,

(vii)         made any
gift of money or of any Asset to any Person,

(viii)        amended or
changed or taken any action to amend or change its constating documents,

(ix)          increased
or agreed to increase the remuneration of, or paid or agreed to pay any pension,
share of profits or other similar benefit to any of its directors, officer or
Employees and Contractors or former directors, officers or Employees and
Contractors, other than in the ordinary and normal course of its business
consistent with past practice and disclosed in writing to the Purchaser,

(x)          
made any payment of any kind to or on behalf of the Vendors or any of its
Affiliates, other than business related expenses, salaries and bonuses in the
ordinary and 

- 12 -

normal course of its business
consistent with past practice and as disclosed in the Financial Statements or in
writing to the Purchaser,

(xi)          mortgaged,
pledged, subjected to any lien, granted an option or a security interest in
respect of or otherwise encumbered any of its Assets, or

(xii)         authorized
or agreed or otherwise become committed to do any of the foregoing,

(n)          
Title to Assets – Tracebit has legal and beneficial ownership of and good
and marketable title to all its Assets and in its financial books and records,
free and clear of all Encumbrances and none of such Assets is in the possession
of or under the control of any other Person. The Assets owned by Tracebit
represent all assets used by Tracebit in the conduct of its business and as are
necessary for the conduct by Tracebit of its business. No other person has any
interest in any Asset used by Tracebit in the conduct of its business,

(o)          
Bank Accounts and Powers of Attorney – the Disclosure Schedule sets out a
correct and complete list showing (i) the name of each bank or other financial
institution with which Tracebit has an account or safe deposit box and the names
of all Persons authorized to draw on the account or to have access to the safe
deposit box, and (ii) the names of all Persons holding powers of attorney from
Tracebit. True and complete copies of such powers of attorney, if any, have been
provided to the Purchaser,

(p)          
Leased Property – Tracebit does not own any real property. Tracebit is
not a party to or bound by any leases of real property other than those set out
in the Disclosure Schedule and all interests held as lessee are free and clear
of all Encumbrances. All rental and other payments required to be paid by
Tracebit under such leases have been duly paid and there is not otherwise any
default by Tracebit in meeting its obligations under any such lease,

(q)          
Material Contracts – all current Material Contracts are set out in the
Disclosure Schedule along with each party thereto, and

(i)          
each such Material Contract is in full force and effect and is a valid and
binding agreement of Tracebit,

(ii)          Tracebit
has performed or is performing all obligations required to be performed by it
under each such Material Contract and are not in breach or default thereunder
and no other party to any such Material Contract is in breach or default
thereunder, and

(iii)         the
Vendor does not know of any circumstances that are reasonably likely to occur
that could reasonably be expected to adversely affect Tracebit’s ability, up to
Closing, to perform its obligations under any Material Contract, 

(r)          
Shareholder Loans – there are shareholder or other loans outstanding in
respect of Tracebit,

(s)          
Employees and Contractors – the Disclosure Schedule contains a complete
and accurate list of the Employees and Contractors, together with their date of
hire, title or classification, current wages, salaries or hourly rate of pay,
benefits, vacation entitlement, commissions and bonus or other material
compensation paid since the beginning of the most recently completed fiscal year
or payable to each such Employee and Contractor as of the date of this
Agreement. Except as disclosed in the Disclosure Schedule, Tracebit is not a
party to any 

- 13 -

written or oral contract, agreement or
other commitment with any Employee and Contractor other than contracts of
indefinite duration which are terminable by the respective company without cause
on reasonable notice as determined in accordance with applicable law. The Vendor
is not aware of the intention of any Employee and Contractor, who is an
executive or senior officer, to terminate his or her employment,

(t)          
Insurance – Tracebit maintains insurance in force against loss on such
Assets, against such risks, in such amounts and to such limits as is in
accordance with prudent business practices prevailing in its business,

(u)          
Corporate Records – Tracebit has kept all records required to be kept by
applicable corporate legislation,

(v)          
Permits and Licences – Tracebit holds all authorizations, approvals,
orders, licenses, permits or consents issued by any Government Entity which are
necessary in connection with the conduct and operation of its business as it is
currently conducted and the ownership, leasing or use of its Assets as the same
are now owned, leased, used conducted or operated. Tracebit is not in material
breach of or in default under any of the terms or conditions thereof, and all
such authorizations, approvals, orders, licences, permits and consents issued by
a Government Entity are listed in the Disclosure Schedule,

(w)          
Tax Filings and Payments – Tracebit

(i)          
has filed or caused to be filed within the time prescribed

(A)          
all income tax returns and election forms and the income tax returns of each
jurisdiction required to be filed and all such returns and forms are true,
complete and accurate in all material respects and the amounts of tax payable
shown in all such returns prepared by Tracebit are correct in all material
respects, and

(B)          
all returns, reports, and information required to be filed with any Government
Entity with respect to sales tax, property tax, property transfer tax, and every
other tax (by whatever name) that Tracebit is required to file and all such
returns, reports, and information are true, complete and accurate in all
material respects,

(ii)          has
paid or caused to be paid all taxes due and payable (including all federal,
provincial and local taxes, assessments or other imposts in respect of its
income or Assets), and all interest and penalties thereon, if any, for all
previous years and all required instalments of taxes due and payable for the
current fiscal year have been paid, and

(iii)         has withheld
all amounts required to be withheld by Tracebit from salary and other payments
to its Employees and Contractors including pursuant to any taxing laws to which
it is subject, and has remitted all such amounts, including all interest and
penalties thereon, to the relevant Government Entity,

(x)          
Indebtedness to Related Parties – except for the payment of salaries and
other compensation payable in the ordinary and normal course and reimbursement
for out-of-pocket expenses in the ordinary and normal course and amounts
disclosed in the Financial Statements or 

- 14 -

the Disclosure Schedule, Tracebit is
not indebted to the Vendors, Employees and Contractors, or any Affiliate
thereof, 

(y)          
Conduct of Business – to the knowledge of the Tracebit Holding Oy,
Tracebit is not conducting its business in material contravention of any
Material Contract, law, regulation or of any direction of a Government
Entity,

(z)          
Condition of Assets – all tangible Assets used by Tracebit in connection
with its business are in good operating condition and in a good state of
maintenance and repair, reasonable wear and tear excepted,

(aa)          Intellectual
Property –

(i)          
the Disclosure Schedule lists all Intellectual Property (other than unregistered
copyrights, know-how, trade secrets and off-the-shelf office productivity
software) and all registration applications therefor owned by or licensed to
Tracebit that is material to their business. Tracebit and the Vendors have
delivered to the Purchaser complete and correct copies of all license agreements
to which Tracebit is a party relating to such Intellectual Property. The conduct
of the business of Tracebit, as presently conducted and as currently proposed by
Tracebit to be conducted, does not, to the best knowledge of the Tracebit
Holding Oy, conflict with, or result in any violation of, or default under, or
give rise to any right, license or encumbrance relating to, Intellectual
Property owned by Tracebit or with respect to which Tracebit now has or has had
any contract with any third party, or any right of termination, cancellation or
acceleration of any Intellectual Property right or obligation set forth in any
contract to which Tracebit is a party, or the loss or encumbrance of any
Intellectual Property or benefit related thereto, or result in the creation of
any Encumbrance in or upon any Intellectual Property or right owned or used by
Tracebit,

(ii)          Tracebit
uses all Intellectual Property that it does not own only in the manner and for
the purposes authorized and specified by the owner or licensor of such
Intellectual Property, and to the extent Tracebit has granted exclusive rights
to Intellectual Property to another Person, Tracebit has not used such
Intellectual Property for any purpose, including for development purposes or
sale or distribution, except to such other Person,

(iii)         Tracebit
owns, or is licensed or otherwise has the right to use, in each case, without
ongoing payments to third parties except as disclosed in the Disclosure
Schedule, and free and clear of any Encumbrances, all Intellectual Property used
in or necessary to carry on its business as presently conducted or as currently
proposed by Tracebit to be conducted,

(iv)         
Tracebit has not been notified by any Person that its planned products and
services infringe upon or otherwise violate the rights of any Person with regard
to any Intellectual Property owned by, licensed to or otherwise used by such
Person,

(v) to the best knowledge of the
Tracebit Holding Oy, no Person is infringing on or otherwise violating any right
of Tracebit with respect to any Intellectual Property owned by, licensed to or
otherwise used by Tracebit,

(vi)          each
current or former officer, Employee and Contractor or consultant of Tracebit has
assigned and transferred, or on or before the Closing Date will have assigned

         

- 15 -

and transferred, to Tracebit all
ownership and other rights of any nature whatsoever of such Person in any
Intellectual Property claimed to be owned by Tracebit, no current or former
director of Tracebit has any ownership or other rights of any nature whatsoever
in any Intellectual Property claimed to be owned by Tracebit and no current or
former director, officer, Employee and Contractor or consultant of Tracebit (or
any member of their immediate families) has a valid claim against Tracebit in
connection with the involvement of such Persons in the conception and
development of any computer software or other Intellectual Property of Tracebit,
and

(vii)         except as
set forth in the Disclosure Schedule, Tracebit does not own title to or uses any
registered service mark, trade name or trademark, or, to the best knowledge of
Tracebit and Tracebit Holding Oy, any service mark, trade name or trademark in
which a third Person has any legal interest, except with the consent of such
third person,, and

(bb)        
Undisclosed Information – Tracebit Holding Oy does not have any material
information which is not generally known or which has not been disclosed in
writing to the Purchaser by Tracebit and/or the Vendors and which if known could
reasonably be expected to have a material adverse effect on the value of the
Tracebit Share Capital, or the Assets or business of Tracebit.

Other Representations

4.2                                 
All statements contained in any written certificate or other written instrument
delivered by or on behalf of the Vendor or Tracebit pursuant to this Agreement
will be deemed to be representations and warranties by the Vendor hereunder.

Reliance

4.3                                 
The Vendor acknowledges and agrees that the Purchaser has entered into this
Agreement relying on the warranties and representations and other terms and
conditions of this Agreement.

Survival

4.4                                 
The representations and warranties of the Vendor contained in this Agreement
will survive the Closing and continue in full force and effect for a period of
twenty-four (24) months after the Closing Date.

PART 5

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

Representations and Warranties in Respect of the
Purchaser

5.1                              
The Purchaser represents and warrants to the Vendor that as at both the
effective date of this Agreement and the Closing Date

(a)          
Organization and Good Standing – the Purchaser is duly incorporated under
the laws of its jurisdictions of incorporation and is validly existing and in
good standing with respect to the filing of annual returns under such laws,

- 16 -

(b)          
Authority – the Purchaser has all necessary corporate right, authority,
power and capacity to execute and deliver this Agreement, to acquire the
Tracebit Share Capital, to perform all of its obligations hereunder and to
comply with the terms and provisions of this Agreement and this Agreement
constitutes a valid and binding obligation of the Purchaser in accordance with
its terms,

(c)          
No Approvals Required – relying upon the representations and warranties
of the Vendor set forth in this Agreement and except for filings required by
applicable securities legislation, no authorization, approval, order, license,
permit or consent of any Government Entity, regulatory body or court nor the
registration, declaration or filing by the Purchaser with any such Government
Entity, regulatory body or court is required in order for the Purchaser

(i)           to
execute and deliver this Agreement or any other agreement, certificate or
instrument to be executed or delivered by the Purchaser pursuant to or
contemplated by this Agreement,

(ii)          
to incur the obligations expressed to be incurred by the Purchaser pursuant to
this Agreement, or

(iii)          
to duly perform and observe the terms and provisions of this Agreement,

(d)          
No Conflict – the Purchaser is not a party to, bound by or subject to any
indenture, mortgage, lease, agreement, instrument, statute, regulation, order,
judgment, decree or law which would be violated, contravened or breached by, or
under which any default would occur as a result of

(i)          
the execution and delivery by the Purchaser of this Agreement or any other
agreement, certificate or instrument to be executed or delivered by the
Purchaser pursuant to or contemplated by this Agreement, or

(ii)          
the performance by the Purchaser of its obligations pursuant to, or the
observance by the Purchaser of any of the terms and provisions of, this
Agreement,

(e)          
Capitalization – the authorized capital of the Purchaser consists of
100,000,000 shares of common stock and 5,000,000 shares of preferred stock, of
which 28,898,600 shares of common stock and no shares of preferred stock are
outstanding as at the Effective Date exclusive of an aggregate of 400,000 shares
in the Purchaser’s Common Stock to be issued on exercise of warrants and and
4,000,000 shares in the Purchaser’s stock to be issued on the completion of a
previously announced private placement at a price of $0.25 per share.

(f)          
Purchaser Shares – upon issuance to the Vendor in accordance with this
Agreement, the Purchaser Shares will be validly issued, fully paid and
non-assessable shares of the common stock of the Purchaser,

(g)          
Outstanding Rights to Purchase Shares –other than the private placement
set forth in Section 7.2(c) the Purchaser has not issued or committed to issue
any shares, common share purchase warrants or options to purchase Shares, though
before the Closing the Purchaser may adopt a customary Share Option Plan,

- 17 -

(h)          
Other Interests – the Purchaser does not own any share in or other
security of, or have any equity, partnership or proprietary interest in the
Assets or business of, any other Person,

(i)          
No Litigation – there is no claim, suit, action, litigation, arbitration
proceeding or Government Entity proceeding, including any appeal or application
for review, in progress, pending or to the knowledge of the Purchaser threatened
against, or relating to the Purchaser or affecting the Purchaser’s Assets or
business, and

(j)          
Compliance with Laws – the Purchaser and its Assets, operations and
business have been and are being operated and have been and are in material
compliance with all laws or orders applicable to its business or operations. The
Purchaser has not received a notice or other communication alleging a possible
violation of any law or order applicable to its business or operation.

Other Representations

5.2                                
 All statements contained in any written certificate or other written
instrument delivered by or on behalf of the Purchaser pursuant to this Agreement
will be deemed to be representations and warranties by the Purchaser
hereunder.

Reliance

5.3                                 
The Purchaser acknowledges and agrees that the Vendor have entered into this
Agreement relying on the warranties and representations and other terms and
conditions of this Agreement.

Survival

5.4                   
             
The representations and warranties of the Purchaser contained in this Agreement
will survive the Closing and continue in full force and effect for a period of
twenty-four [24] months after the Closing Date.

PART 6

PRE-CLOSING COVENANTS

Conduct of Business

6.1                                 
The Vendor and Tracebit covenant and agree with the Purchaser that until the
Closing Date or termination of this Agreement, except as otherwise contemplated
in this Agreement or agreed to in writing by the Purchaser, they will

(a)          
Conduct Business in Ordinary and Normal Course – to conduct its business
in the ordinary and normal course thereof, including the payment of all current
liabilities and accounts in the ordinary and normal course, and not negotiate or
execute any new Material Contracts or terminate, cancel or modify in any
material respect any existing Material Contracts, and 

(b)          
Necessary Steps – to take all actions, steps and proceedings that are
necessary or desirable to approve or authorize, or to validly and effectively
undertake, the execution, delivery and performance of this Agreement and the
completion of the transactions, including completion 

- 18 -

of the advance to Tracebit of the
additional Tracebit Share Capital required in order to satisfy the condition
precedent under Section 7.1(c) of this Agreement.

PART 7

CONDITIONS PRECEDENT

Purchaser’s Conditions

7.1                                 
The obligations of the Purchaser to complete the purchase of the Tracebit Share
Capital are subject to the satisfaction of or compliance with each of the
following conditions precedent on or before the Closing Date

(a)          
Truth and Accuracy of Representations and Warranties of the Vendor and
Tracebit – the representations and warranties of the Vendor and Tracebit
contained herein are true and correct in all material respects as at the Closing
Date with the same effect as if made on the Closing Date,

(b)          
Performance of Obligations – the Vendor and Tracebit have, in all
material respects, performed and complied with all the obligations, covenants
and agreements to be performed and complied with by each of them on or before
the Closing Date, 

(c)          
Financial Statements - the receipt of such audited financial statements
of Tracebit as may be reasonably requested by the Purchaser and the Purchaser’s
Solicitor’s, such financial statements to be prepared in accordance with United
States GAAP and GAAS and prepared by and containing an unqualified audit report
of a member firm of the United States Public Company Accounting Oversight
Board.

(d)          
Consulting / Employment Agreements – Tracebit and the Purchaser
will have agreed to and executed new consulting or employment agreements with of
the following individuals on the following terms, which will supersede all
previous agreements between such individuals and Tracebit:

  	Name 	Position 	Type of Agreement 	Compensation and Term 
	Simon Ådahl 	CMO 	Employment 	4000 euros/month 
	Miro Wikgren 	CTO and Director 	Employment 	4000 euros/month 
	Peter Åhman 	CEO, President and CFO 	Consulting 	100 euros/hour 

Vendor’s Conditions

7.2                                 
The obligations of the Vendors to complete the sale of the Tracebit Share
Capital are subject to the satisfaction of or compliance with each of the
following conditions precedent on or before the Closing Date

- 19 -

(a)          
Truth and Accuracy of Representations and Warranties of the Purchaser –
the representations and warranties of the Purchaser contained herein are true
and correct in all material respects as at the Closing Date with the same effect
as if made on the Closing Date,

(b)          
Performance of Obligations – the Purchaser has, in all material respects,
performed and complied with all the obligations, covenants and agreements to be
performed and complied with by it on or before the Closing Date,

(c)          
Stock Option Plan – the Purchaser shall have implemented a incentive
stock option plan, allotting for issuance up to ten percent (10%) of the
Purchaser’s shares of common stock pursuant to the grant of incentive stock
options to eligible persons which options to be exercisable at any time over a
period of five-years form the date of grant to purchase shares of the
Purchaser’s common stock at a price equivalent to the closing price of the
Purchaser’s shares of Common Stock on the NASD Over-the-Counter Bulletin Board
on the day prior to the date of grant of such options.

Mutual Conditions 

7.3                                 
The obligations of the Vendors, the Company and the Purchaser to complete the
purchase of the Tracebit Share Capital are subject to the receipt of all
necessary regulatory approval to the completion of the acquisition of the
Tracebit Share Capital on the terms set forth in this Agreement.

Waiver

7.4                                
 The conditions precedent set forth in this Part 7 are for the exclusive
benefit of the party to whom they are addressed (the “Benefiting Party”)
and may be waived by the Benefiting Party in writing in whole or in part on or
before the Closing Date. The waiver by the Benefiting Party of any condition set
forth in this Part 7, the acknowledgement or agreement by the Benefiting Party
that any such condition has been satisfied and the completion of the purchase
and sale transaction contemplated by this Agreement will be without prejudice to
the Benefiting Party’s rights in respect of the warranties, representations,
covenants and indemnities to be relied upon by the Benefiting Party in
connection with the sale and purchase of the Tracebit Share Capital.

PART 8

CLOSING

Closing Date and Location

8.1                                 
The Closing will take place on the Closing Date at the offices of the Purchaser
in London, England or at such other time, date or location as may be agreed to
in writing by the Parties.

Vendor’s Closing Documents

8.2                                
 On or before the Closing Date, the Vendor will deliver, or cause to be
delivered, to the Vendor’s Solicitors, in trust, the following documents: 

(a)          
The Vendor’s Tracebit Share Capital, duly executed by the Vendor for transfer
and notarized in accordance with Finnish law;

- 20 -

(b)           a
certified true copy of Tracebit’s official share register proving conclusive and
legally binding proof of ownership of all of the Tracebit Share Capital in the
name of the Purchaser; 

(c)           a
certificate of Tracebit Holding Oy, certifying as at the Closing Date the truth
and accuracy of the representations, warranties and covenants of Tracebit
Holding Oy in this Agreement;

(d)           a
certified copy of resolutions of the directors of Tracebit Holding Oy
authorizing the execution, delivery and performance of this Agreement by
Tracebit Holding Oy; and

(e)          
such other documents and instruments, other than those set out above, as may be
reasonably requested by the Purchaser’s Solicitors in order to complete the
transactions set out in this Agreement;

and delivery of such documents by the Vendor in accordance with
this §8.2 will be deemed to satisfy the conditions precedent set forth in
§8.2.

Purchaser’s Closing Documents

8.3                                 
On or before the Closing Date, the Purchaser will deliver, or cause to be
delivered, to the Purchaser’s Solicitors, in trust, the following documents and
funds:

(a)          
share certificates carrying a legend as provided for in this Agreement
representing the Purchaser’s Shares and registered in the names of the Vendors
as directed;

(b)           a
certified true copy of Purchaser’s official share register proving conclusive
and legally binding proof of ownership of all of the Purchaser’s Shares in the
names of the Vendors;

(c)           a
certified copy of resolutions of the directors of the Purchaser authorizing the
execution, delivery and performance of this Agreement by the Purchaser; 

(d)          
such other documents and instruments, other than those set out in above, as may
be reasonably requested by Vendor’s Solicitors in order to complete the
transactions set out in this Agreement;

and delivery of such documents and funds by the Purchaser in
accordance with this §8.3 will be deemed to satisfy the conditions precedent set
forth in §7.2. 

PART 9

TERMINATION

Termination Rights

9.1                                 
This Agreement may, by notice in writing given before or on the Closing, be
terminated:

(a)           by
mutual consent of the Vendor and the Purchaser;

(b)           by
the Purchaser if any of the conditions precedent in Part 7 have not been
satisfied at or before Closing and the Purchaser has not waived such condition
precedent at or before Closing;

- 21 -

(c)           by
the Vendor if any of the conditions precedent in Part 7 have not been satisfied
at or before Closing and the Vendor has not waived such condition precedent at
or before Closing; or

(d)           by
any Party if the Closing has not occurred on or before February 28, 2007, or
such later date as the Parties may agree to in writing, unless the Closing has
not occurred by such date because the Party seeking to terminate this Agreement
has failed to perform any one or more of its obligations or covenants under this
Agreement to be performed at or before Closing.

Effect of Termination

9.2                                 
Each Party’s right of termination under this Part is in addition to any other
rights it may have under this Agreement or otherwise, and the exercise of a
right of termination will not be an election of remedies. Nothing in this Part
limits or affects any other rights or causes of action any Party may have with
respect to the representations, warranties, covenants and indemnities in its
favour contained in this Agreement. If a Party waives compliance with any of the
conditions, obligations or covenants contained in this Agreement, the waiver
will be without prejudice to any of its rights of termination in the event of
non-fulfillment, non-observance or non-performance of any other condition,
obligation or covenant in whole or in part.

9.3                                 
If this Agreement is terminated pursuant to any provision of §9.1, all
obligations of the Parties under this Agreement will terminate, except if this
Agreement is terminated by a Party because of a breach of this Agreement by the
another Party or because a condition for the benefit of the terminating Party
has not been satisfied because the other Party has failed to perform any of its
obligations or covenants under this Agreement which are reasonably capable of
being performed or caused to be performed by such Party, and the terminating
Party’s right to pursue all legal remedies will survive such termination
unimpaired.

PART 10

GENERAL

Acknowledgement of Confidentiality

10.1                               The
Vendors acknowledge and agree that:

(a)          
they have had access to information and trade secrets pertaining to the
business, services and Intellectual Property of Tracebit and the Purchaser,
(collectively, the “Confidential Information”), 

(b)          
the disclosure of any of the Confidential Information to competitors of Tracebit
or the Purchaser, to others or to the public, would be highly detrimental to the
best interests of the Purchaser and Tracebit, and

(c)          
the right to maintain the Confidential Information constitutes a proprietary
right which the Purchaser and Tracebit are entitled to protect.

Covenant on Confidentiality

10.2                              
The Vendors jointly and severally covenant and agree that at all times hereafter
they will 

- 22 -

(a)          
hold all of the Confidential Information in secrecy, as the trustee or custodian
for the Purchaser and Tracebit, and for the Purchaser and Tracebit’s exclusive
benefit and use,

(b)          
faithfully do all in its power to assist the Purchaser and Tracebit in
maintaining the secrecy of the Confidential Information, and

(c)          
not at any time without the prior written consent of the Purchaser, 

(i)          
disclose or divulge, directly or indirectly, to any person, firm or corporation
any of the Confidential Information, or

(ii)          
practise or use, other than for the benefit of the Purchaser or Tracebit, any of
the Confidential Information.

Exceptions 

10.3                              
Notwithstanding §10.1(a), nothing will be deemed to be Confidential Information
which:

(a)           is
known to the party receiving the information at the time of disclosure, unless
any individual who knows the information is under an obligation to keep that
information confidential;

(b)          
becomes publicly known or available without the disclosure thereof by the party
receiving the information in violation of this Agreement; or

(c)           is
received by the party receiving the information from a third party not under an
obligation to keep that information confidential.

10.4                              
The provisions of §10.2 will not prohibit the disclosure of information required
to be made under federal or state securities laws, rules and regulations or by
order of any federal, state or local regulatory agency or as otherwise required
to be disclosed under applicable law. If any disclosure is so required, the
party making such disclosure will consult with the other party before making
such disclosure, and the parties will use all reasonable efforts, acting in good
faith, to agree upon a text for such disclosure which is satisfactory to both
parties.

Governing Law and Attornment

10.5                              
This Agreement will be exclusively governed by, and interpreted and construed in
accordance with, the laws prevailing in the State of Nevada and the parties
irrevocably and unconditionally attorn to the jurisdiction of the courts of the
State of Nevada and all courts having appellate jurisdiction thereover. Each
party hereby irrevocably waives, to the fullest extent permitted by applicable
law, any right it may have to a trial by jury in respect of any litigation
directly or indirectly arising out of, under or in connection with this
Agreement.

Notices

10.6                              
Every notice, request, demand or direction to be given pursuant to this
Agreement must be in writing and must be delivered by hand (e.g. Federal Express
or other reputable courier service) or sent by facsimile transmission or other
similar form of written transmission by electronic means, in each case addressed
as follows:

- 23 -

(a)           if
to the Purchaser:

Mobilemail (US) Inc.
Suite 5.18 MLS
Business Centre, 
130 Shaftesbury Avenue, London England

Facsimile:
Attention: Gary Flint,
Chief Executive Officer

with a copy to:

Lang Michener LLP
1500 – 1055 West
Georgia Street 
Vancouver, British Columbia 
Canada V6E 4N7

Facsimile: (604) 893-2356

Attention: Michael Taylor

(b)           if
to the Vendors at the addresses first written above:

(c)           if
to Tracebit:

Oy Tracebit AB 
Kirkkotori 13E,

06100 Porvoo, Finland

Facsimile: +358-19-5232289

Attention: Peter Åhman

with a copy to:

Fondia Oy 
Mannerheimintie 2,

00100 Helsinki, Finland

Facsimile: +358 20 7205 400

Attention: Marianne Saarikko-Jansson

or to such other address or transmission receiving station in
as specified by a party by notice to each other party. Any notice delivered by
hand or sent by facsimile transmission will be deemed conclusively to have been
effectively given on the day notice was delivered or sent as aforesaid if it was
delivered or sent on a day that was a Business Day at the place of the intended
recipient, or on the next day that is a Business Day at such place if it was
delivered or sent on a day that was not a Business Day at such place.

Time of Essence

10.7                              
Time is of the essence in the performance of each obligation under this
Agreement.

- 24 -

Public Notices

10.8                              
The Parties agree that all notices to third parties and all other publicity
concerning the transactions contemplated by this Agreement will be jointly
planned and co-ordinated and no Party will act unilaterally in this regard
without the prior approval of the others, such approval not to be unreasonably
withheld.

Public Disclosure

10.9                              
Before and after Closing, none of the Parties will disclose the terms of this
Agreement, except as reasonably required for income tax purposes or as otherwise
may be required by law including all securities laws and applicable stock
exchange rules and policies. Notwithstanding the foregoing, in the case of any
public filing of this Agreement under applicable securities laws the Parties
will use reasonable efforts to jointly plan and coordinate such filings.

Entire Agreement

10.10                             
This Agreement constitutes the entire agreement between the Parties and
supersedes all prior agreements and understandings, oral or written, by and
between any of the Parties with respect to the subject matter hereof.

Waiver and Consent

10.11                              No
delay or failure by a party to exercise any of its rights under this Agreement
constitutes a waiver of any such right. No consent or waiver, express or
implied, by a party to, or of any breach or default by any other party of, any
or all of its obligations under this Agreement will,

(a)           be
valid unless it is in writing and stated to be a consent or waiver pursuant to
this section, 

(b)           be
relied upon as a consent to or waiver of any other breach or default of the same
or any other obligation, 

(c)          
constitute a general waiver under this Agreement, or

(d)          
eliminate or modify the need for a specific consent or waiver pursuant to this
section in any other or subsequent instance.

Severability

10.12                             
If a court of other tribunal of competent jurisdiction determines that any one
or more of the provisions contained in this Agreement is invalid, illegal or
unenforceable in any respect in any jurisdiction, the validity, legality and
enforceability of such provision or provisions will not in any way be affected
or impaired thereby in any other jurisdiction and the validity, legality and
enforceability of the remaining provisions contained herein will not in any way
be affected or impaired thereby, unless in either case as a result of such
determination this Agreement would fail in its essential purpose.

Amendments

10.13                              This
Agreement may not be amended except in writing signed by each Party.

- 25 -

Further Assurances

10.14                             
The Parties will with reasonable diligence, do all such things and provide all
such reasonable assurances as may be required to consummate the transactions
contemplated by this Agreement, and each Party will provide such further
documents or instruments required by the other Party as may be reasonably
necessary or desirable to give effect to the purpose of this Agreement and carry
out its provisions whether before or after the Closing Date.

Assignment

10.15                             
No Party may assign this Agreement or any rights or obligations under this
Agreement without the prior written consent of the other Parties.

Enurement

10.16                             
This Agreement and each of the terms and provisions hereof will enure to the
benefit of and be binding upon the Parties and their respective heirs,
executors, administrators, personal representatives, successors and assigns.

Counterparts

10.17                             
This Agreement may be executed in any number of counterparts, in original form
or by facsimile, each of which will together, for all purposes, constitute one
and the same instrument, binding on the parties, and each of which will together
be deemed to be an original, notwithstanding that each party is not a signatory
to the same counterpart.

IN WITNESS WHEREOF the Parties have duly executed this
Agreement effective as of the day and year first above written.

 

MOBILEMAIL (US) INC. 
a Nevada corporation by its
authorized signatory

         /s/ Gary
Flint
Per:
___________________________________________
      
Gary Flint, President and CEO

	OY TRACEBIT AB 	 	TRACEBIT HOLDING OY 
	a Finnish corporation by its authorized signatory:
    	 	a Finnish corporation by its authorized signatory:
    
	  	 	  
	  	 	  
	/s/
      Peter Ahman 	 	/s/
      Peter Ahman 
	Signature of Authorized Signatory 	 	Signature of Authorized Signatory 
	  	 	  
	Peter
      Ahman, Chairman of the Board 	 	Peter
      Ahman, Chairman of the Board 
	Name and Position of Authorized Signatory 	 	Name and Position of Authorized Signatory 

- 26 -

	CAPELLA CAPITAL OÜ 	 	POLLUX OÜ 
	an Estonian corporation by its authorized signatory
    	 	an Estonian corporation by its authorized signatory
    
	  	 	  
	  	 	  
	/s/
      Simon Adahl 	 	/s/
      Miro Wikgren 
	Signature of Authorized Signatory 	 	Signature of Authorized Signatory 
	  	 	  
	Simon
      Adal, Chairman of the Board 	 	Miro Wikgren,
      Chairman of the Board 
	Name and Position of Authorized Signatory 	 	Name and Position of Authorized Signatory 
	  	 	  
	  	 	  
	Witnessed by 	 	Witnessed by 
	  	 	  
	  	 	  
	  	 	  
	  	 	  
	Name 	 	Name 
	 	 	 
	 	 	 
	Address 	 	Address

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