Document:

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Exhibit 10.1

                         SHAREHOLDER PURCHASE AGREEMENT

B E T W E E N:

                        UGOMEDIA INTERACTIVE CORPORATION,
                        a Nevada corporation ("UGOMEDIA")

                                     - and -

                              4137639 CANADA INC.,
  a Canadian corporation which is a wholly-owned subsidiary of Ugomedia ("SUB")

                                     - and -

                             SCIAX TECHNOLOGY INC.,
                        a Canadian corporation ("SCIAX")

                                     - and -

                        ALL OF THE SHAREHOLDERS OF SCIAX,
                 as more particularly set forth in Schedule 3.6
          (each, a "SHAREHOLDER" and collectively, the "SHAREHOLDERS")

     WHEREAS  pursuant to the terms of a common stock purchase  agreement  dated
January 8, 2003 between Ugomedia,  Sub and Sciax ("PURCHASE  AGREEMENT"),  Sciax
agreed to an exchange of all of its  outstanding  common stock for  exchangeable
shares of Sub and preferred  shares of Ugomedia,  all as more  particularly  set
forth in the Purchase Agreement;

     AND WHEREAS the  Shareholders of Sciax wish to be bound by the terms of the
Purchase   Agreement   and   provide   certain   additional    obligations   and
representations  relating  to the  transactions  contemplated  by  the  Purchase
Agreement;

     AND  WHEREAS  the  parties  wish to amend  certain  terms  of the  Purchase
Agreement;

     AND  WHEREAS  unless  specifically  defined  herein or unless  the  context
otherwise  requires,  defined terms used herein shall have the meanings ascribed
to such terms in the Purchase Agreement;

     NOW  THEREFORE  for  good  and  valuable  consideration,  the  receipt  and
sufficiency of which is hereby irrevocably acknowledged,  the parties, intending
to be legally bound hereby, hereby covenants and agrees as follows:

                                   ARTICLE 1
                        ASSUMPTION OF PURCHASE AGREEMENT

1.1 Each of the Shareholders acknowledges having had an opportunity to review
the Purchase Agreement, having had the opportunity to consult with independent
legal, tax and other advisors of their own choice and at their expense, and

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understands each of the provisions of this Agreement, the Purchase Agreement and
the documentation to be delivered in accordance therewith.

1.2 Each of the Shareholders  agrees that he, she or it shall be bound by all of
the provisions of the Purchase Agreement respecting the sale of Sciax Shares (as
hereinafter   defined)   beneficially  owned  by  the  Shareholders  as  if  the
Shareholders were original signatories thereof.

1.3  Each of  Ugomedia  and Sub  agrees  that all of the  terms of the  Purchase
Agreement to the benefit of Sciax shall apply to each of the  Shareholders as if
each Shareholder was an original signatory thereof.

                                   ARTICLE 2
                         AMENDMENT OF PURCHASE AGREEMENT

2.1 The parties agree that Section 2.1 of the Purchase Agreement shall be
deleted in its entirety and replaced with the following:

2.1  Purchase and Sale.
-----------------------

     (a)  Subject  to all the terms and  conditions  of this  Agreement,  at the
          Closing,   Sub  shall   purchase  from  the   Shareholders,   and  the
          Shareholders  shall sell to Sub, an aggregate of 21,100,000  shares of
          the  common  stock in the  capital  of  Seller  (the  "SCIAX  SHARES")
          beneficially owned by the Shareholders. In consideration, Buyer or Sub
          shall deliver to the  Shareholders  for each Sciax Share  beneficially
          owned by the  Shareholder  immediately  before the Closing  0.90521327
          (calculated  as  21,100,000  divided into  19,100,000)  voting  common
          shares of Buyer ("BUYER COMMON SHARES").

     (b)  Notwithstanding  the  foregoing,  Ken  Smart,  a  Shareholder,  shall,
          instead of Buyer Common Shares, exchange each Sciax Share beneficially
          owned by Ken Smart  immediately  before the  Closing  for  0.226303317
          (calculated as 21,100,000  divided into  4,775,000)  voting  preferred
          shares of Buyer  ("PREFERRED  SHARES") and  0.90521327  (calculated as
          21,100,000  divided  into  19,100,000)  exchangeable  shares of Seller
          ("EXCHANGEABLE SHARES") exchangeable into Buyer Common Shares.

     (c)  The parties acknowledge that the aggregate number of Preferred Shares,
          Buyer Common Shares and  Exchangeable  Shares to be issued shall be as
          set out in  Schedule  3.3 hereof and that each  Preferred  Share shall
          carry  four  votes for every one Buyer  Common  Share.  The  Preferred
          Shares,  Exchangeable Shares and Buyer Common Shares shall hereinafter
          be referred to as the "SHARE CONSIDERATION".

2.2 The  parties  hereto  agree  that the  Purchase  Agreement  shall be further
amended as follows:

     (a)  Section 2.2(b) is hereby deleted in its entirety and replaced with the
          following:

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               Two (2) promissory  notes  ("Notes")  issued on Closing by Buyer,
               one to Aldo Rotondi  and/or Airam  Capital Group in the amount of
               US$175,000  and one to Stephen  Brock  and/or  Nevada Fund in the
               amount  of  US$175,000  to  satisfy  debts  and   obligations  of
               Ugomedia,  including  funds advanced by Aldo Rotondi and/or Airam
               Capital  Group and Stephen  Brock and/or Nevada Fund to the Buyer
               and  redemption  proceeds  owing by the Buyer to Aldo Rotondi and
               Nevada Fund pursuant to the  redemption  set forth in Section 7.4
               of the Purchase  Agreement.  The Notes shall bear interest at the
               rate of 6% simple  interest per annum.  The Notes shall be repaid
               on  the  first  anniversary  of  the  Closing  Date,  subject  to
               prepayment  in whole or in part at any time  without  premium  or
               penalty.  The Notes  shall be  secured  by the  guarantee  of the
               Seller. Buyer agrees to provide  satisfactory  evidence to Seller
               prior to Closing of the  amounts  owing to Aldo  Rotondi or Airim
               Capital  Group and Stephen  Brock or Nevada Fund.  Holders of the
               Notes  shall have the option at any time prior to the due date so
               long as there is no default to convert all unpaid  principal  and
               accrued  interest  into common  shares of stock of Buyer  ("Buyer
               Common Stock") at the rate of US$0.20 per share.  This option may
               be  exercised  in whole or in part at any time prior to repayment
               of the Notes. If there is a default in the Notes, then holders of
               the  Notes  shall  have the  option  at any time the Notes are in
               default to convert all unpaid principal and accrued interest into
               shares of stock of Buyer at the lower of (i)  US$0.20  per share;
               and (ii) the average  trading price of the Buyer Common Stock for
               the twenty (20) day period  immediately  prior to the date of the
               option  exercise  notice  from the  holders.  This  option may be
               exercised  in  whole  or in part at any  time  the  Notes  are in
               default.  Further,  to the extent any shares are  acquired  under
               this  option,  the  owners  of  these  shares  if the  option  is
               exercised  collectively,  shall  have a one time right to require
               that Buyer  register the shares for resale within 90 days of such
               request on a  registration  statement  filed with the  Securities
               Exchange  Commission  ("SEC") and kept  effective  until all such
               shares are resold, all at Buyer's expense.

     (b)  The second sentence of Section 2.4 of the Purchase Agreement is hereby
          deleted  in its  entirety  and  replace  with  the  following:  "Buyer
          undertakes  to obtain the necessary  shareholder  consent for the Name
          Change."

     (c)  Section  2.5 of the  Purchase  Agreement  shall be amended to refer to
          "consulting agreements" instead of "employment agreements".

     (d)  Section  2.8  of the  Purchase  Agreement  is  hereby  deleted  in its
          entirety and replaced with the following:

               2.8 OSC Order. If necessary,  Buyer shall,  following the Closing
               Date, use its best efforts to cause its legal counsel to apply to
               the  Ontario  Securities  Commission  for a  ruling  pursuant  to
               subsection  74(1) of the  Securities  Act (Ontario) to permit the
               distribution  of the Share  Consideration  without  a  prospectus
               being filed under the Securities Act (Ontario).

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     (e)  Section  2.10 of the  Purchase  Agreement  is  hereby  deleted  in its
          entirety.

     (f)  The intellectual property agreement referred to in Section 2.13 of the
          Purchase Agreement shall be an option agreement in favour of Ken Smart
          for the purchase of the intellectual  property of Sciax at fair market
          value in the event of  bankruptcy  or  insolvency of Ugomedia or Sciax
          and a right of first  refusal  for the  purchase  of the  intellectual
          property of Sciax at fair market value in the event of the sale of the
          intellectual property to a third party.

     (g)  Section 5.5 is hereby amended to replace  "9,634,666" with "9,834,666"
          and to replace "6,000,000" with "6,200,000".

     (h)  The second sentence of Section 7.4 of the Purchase Agreement is hereby
          deleted in its  entirety and replaced  with the  following:  "Prior to
          Closing,  Aldo Rotondi will have returned to treasury 2,267,343 shares
          in  consideration  for the promissory note described in Section 2.2(b)
          and the Nevada Fund shall have returned to treasury  1,367,323  shares
          in consideration for the promissory note described in Section 2.2(b)".

     (i)  The second  sentence of the second  paragraph of Schedule 2.7 shall be
          deleted in its entirety and replace with the  following:  "The maximum
          number of Buyer's  Common  Stock that may be sold each year shall be a
          number of shares  equal to 4% of the  issued and  outstanding  Buyer's
          Common  Stock  on  December  31 of the  prior  year  (or as  otherwise
          permitted by SEC guidelines)."

2.3 Except as amended by this Article 2, the Purchase  Agreement remains in full
force and effect in accordance with its terms.

                                   ARTICLE 3
                 REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS

Each of the  Shareholders  hereby  severally  and  not  jointly  represents  and
warrants to Ugomedia and Sub, and acknowledges that Ugomedia and Sub are relying
on such  representations  and warranties in connection  with the purchase of the
Sciax Shares, that:

3.1 BINDING  OBLIGATION.  Each Shareholder has the right (and, if a corporation,
the power and authority) to enter into this Agreement,  to sell the Sciax Shares
owned by the Shareholder in the manner contemplated herein and to perform all of
the Shareholder's obligations under this Agreement. This Agreement constitutes a
legal,  valid and binding  obligation of each Shareholder,  enforceable  against
each Shareholder in accordance with its terms subject to:

     (a)  bankruptcy,  insolvency,  moratorium,  reorganization  and other  laws
          relating  to  or  affecting  the  enforcement  of  creditors'   rights
          generally, and

     (b)  the fact that equitable  remedies,  including the remedies of specific
          performance and injunction, may only be granted in the discretion of a
          court.

3.2 NO  OTHER  PURCHASE  AGREEMENTS.  Except  in  respect  of any  rights  under
agreements which shall be exercised in full or cancelled prior to the Closing,

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no person has any agreement, option, understanding or commitment or any right or
privilege  (whether by law,  pre-emptive or contractual)  capable of becoming an
agreement, option or commitment,  including convertible securities,  warrants or
convertible obligations of any nature, for the purchase, subscription, allotment
or issuance of, or conversion into, any of the unissued shares in the capital of
Sciax or any securities of Sciax.

3.3 OWNERSHIP. Each Shareholder represents and warrants that such Shareholder is
the  registered and  beneficial  owner of the Sciax Shares listed  opposite such
Shareholder's name in Schedule 3.3 annexed hereto,  free and clear of all liens,
charges, security interests, encumbrances and rights of others.

3.4 CONSENTS AND APPROVALS;  NO VIOLATIONS.  Except for applicable  requirements
under the  Securities  Act of 1933 (United  States)  ("SECURITIES  ACT") and the
Securities Act (Ontario) no filing with, and no permit,  authorization,  consent
or approval of, any public or  governmental  body or authority is necessary  for
the consummation by any Shareholder of the  transactions.  Neither the execution
or delivery of this Agreement by any  Shareholder,  nor the  consummation by any
Shareholder of the  transactions,  nor compliance by any Shareholder with any of
the  provisions  hereof,  will (a)  result  in any  breach  of the  articles  of
incorporation or by-laws of the Shareholder (if a corporation),  (b) result in a
violation  or breach of, or  constitute  (with or without due notice or lapse of
time or both) a default (or give rise to any right of termination, cancellation,
acceleration or change in the award,  grant,  vesting or  determination)  under,
require the consent of any third  party  under,  or give rise to creation of any
encumbrance upon each Shareholder's  Shares under, any of the terms,  conditions
or provisions of any note, bond, mortgage,  indenture,  deed of trust,  license,
contract,  lease,  agreement,  arrangement or other  instrument or obligation to
which any  Shareholder is a party or by which any of them or may be bound or (c)
violate  any  order,  writ,  injunction,  decree,  statute,  rule or  regulation
applicable to any Shareholder or any of their respective properties or assets.

3.5 RESIDENCE OF SHAREHOLDER.  Each  Shareholder is not a non-resident of Canada
for the purposes of the Income Tax Act (Canada) ("ITA").

3.6  INVESTMENT  REPRESENTATIONS  AND  WARRANTIES  OF  SHAREHOLDER.  Each of the
Shareholders  hereby  agree to  provide  to  Ugomedia  on or  before  Closing  a
stockholder's certificate in the form of Exhibit 3.7A or 3.7B.

3.7  COVENANTS  OF  SHAREHOLDERS.  Each of the  Shareholders  severally  and not
jointly  covenants to  Ugomedia,  Sub and Sciax that each  Shareholder  will not
sell,  assign or transfer any of Buyer Common Stock received by the  Shareholder
in connection  with the Purchase  Agreement  except (i) pursuant to an effective
registration  statement  under the Securities  Act, (ii) in conformity  with the
volume and other  limitations of Rule 144 promulgated  under the Securities Act,
or (iii) in a transaction  which,  in the opinion of independent  counsel to the
Shareholder  delivered to Ugomedia and satisfactory to Ugomedia, is not required
to be registered under the Act.

                                   ARTICLE 4
                                 ACKNOWLEDGEMENT

4.1 Ugomedia shall place the following legend (and any other appropriate legend)

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on each  certificate or instrument  representing  Share  Consideration  acquired
under this Agreement:

          THE SHARES  EVIDENCED  BY THIS  CERTIFICATE  HAVE NOT BEEN  REGISTERED
          UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE
          SECURITIES  OR BLUE  SKY  LAWS  OF ANY  STATE  AND  MAY  NOT BE  SOLD,
          TRANSFERRED OR OTHERWISE  DISPOSED OF EXCEPT  PURSUANT TO AN EFFECTIVE
          REGISTRATION  STATEMENT UNDER THE ACT OR IN A TRANSACTION WHICH IS NOT
          SUBJECT TO THE REGISTRATION  REQUIREMENTS OF THE ACT OR ANY APPLICABLE
          SECURITIES  OR BLUE SKY LAWS  AND,  IN THE CASE OF A  TRANSACTION  NOT
          SUBJECT  TO SUCH  REGISTRATION  REQUIREMENTS,  UNLESS  THE  ISSUER HAS
          RECEIVED AN OPINION OF COUNSEL TO THE HOLDER  REASONABLY  SATISFACTORY
          TO IT THAT SUCH  TRANSACTION DOES NOT REQUIRE  REGISTRATION  UNDER THE
          ACT.

4.2 COMPLIANCE WITH LAWS AND REGULATIONS. The issuance and transfer of the Share
Consideration  will  be  subject  to  and  conditioned  upon  compliance  by the
Shareholder with all applicable U.S.,  Canadian,  provincial,  state and federal
laws and regulations and with all applicable  requirements of any stock exchange
or  automated  quotation  system on which Share  Consideration  may be listed or
quoted at the time of such issuance or transfer.

                                   ARTICLE 5
                                     GENERAL

5.1 Each party  covenants  and agrees to take all such  steps,  execute all such
documents  and do all such  acts and  things  as may be  necessary  to give full
effect to this  Agreement  and to implement to their full extent the  provisions
hereof.

5.2  Notice to the  Shareholders  shall be given at the  addresses  set forth in
Schedule 3.6.

5.3 This  Agreement  shall be governed by and construed in  accordance  with the
laws of the Province of Ontario and the laws of Canada applicable therein.

5.4 Time shall be of the essence of this Agreement.

5.5 In this Agreement, the use of the singular shall include the plural and vice
versa,  the use of gender  shall  include  the  masculine,  feminine  and neuter
genders  and  the  word  "person"  shall  include  an  individual,  a  trust,  a
partnership, a trustee, an executor, an administrator or other legal or personal
representative, a body corporate or public, an association or other incorporated
or unincorporated organization or entity.

5.6  This  Agreement  shall be  binding  upon the  Shareholders  and the  heirs,
executors,    administrators,    successors,   permitted   assigns   and   legal
representatives of the Shareholder.

5.7 COUNTERPARTS.  This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original and all of which taken  together
shall be deemed to constitute one and the same  instrument.  Counterparts may be
executed  either in original or faxed form and the parties adopt any  signatures
received by a  receiving  fax machine as  original  signatures  of the  parties;
provided,  however,  that any party providing its signature in such manner shall
promptly  forward to the other  party an  original  of the  signed  copy of this
Agreement which was so faxed.

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     IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement as of
this ___ day of February, 2003.

                                 UGOMEDIA INTERACTIVE
                                 CORPORATION

                                 By:
                                          -----------------------------------
                                 Name:    Aldo Rotondi
                                 Title:   President

                                 4137639 CANADA INC.

                                 By:
                                          -----------------------------------
                                 Name: Aldo Rotondi
                                 Title:   President

                                 SCIAX TECHNOLOGY INC.

                                 By:
                                          -----------------------------------
                                 Name:    Ken Smart
                                 Title:   Chief Executive Officer

SIGNATURE PAGE OF SHAREHOLDERS ON NEXT PAGE

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SIGNATURE PAGE OF SHAREHOLDERS TO SHAREHOLDERS PURCHASE AGREEMENT.

--------------------------------      ---------------------------------------
WITNESS                               KEN SMART

--------------------------------      ---------------------------------------
WITNESS                               TRACY FIHRER

--------------------------------      ---------------------------------------
WITNESS                               CATHERINE E. DAVIS

                                      1144193 ONTARIO LTD.

                                      Per:
                                          -----------------------------------
                                      Name:
                                      Title:

--------------------------------      ---------------------------------------
WITNESS                               YAZDAN MAZAIR

--------------------------------      ---------------------------------------
WITNESS                               BARBARA THOMPSON

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Exhibit 10.2

                                OPTION AGREEMENT

     THIS OPTION  AGREEMENT  (this  "AGREEMENT)  is made and entered  into as of
February , 2003 by and among  Ugomedia  Interactive  Corporation,  a corporation
incorporated  under  the  laws  of  the  State  of  Nevada  ("UGOMEDIA"),  Sciax
Technology Inc., a corporation  incorporated  under the laws of Canada ("SCIAX")
and Ken Smart, a resident of the Province of Ontario ("SMART").

                                    RECITALS

     WHEREAS Ugomedia, Sciax and 4137639 Canada Inc. entered into a common stock
purchase agreement (THE "PURCHASE AGREEMENT") dated January 8, 2003, as amended,
relating to a share exchange transaction;

     AND WHEREAS Smart is a founding shareholder of Sciax;

     AND  WHEREAS  it is a  condition  to the  completion  of  the  transactions
contemplated  by the Purchase  Agreement  that this Agreement be entered into by
the  parties  granting  to Smart the  option to  purchase  certain  intellectual
property  currently  owned by Sciax in accordance  with the terms and conditions
set forth in this Agreement.

         NOW  THEREFORE,  in  consideration  of the  premises  and of the mutual
agreements hereinafter  contained,  the value and sufficiency of which is hereby
acknowledged by the parties, the parties hereto agree as follows:

1.   OPTION TO PURCHASE INTELLECTUAL PROPERTY ASSETS.

     (a)  Option to Purchase.  Subject to applicable law, upon the occurrence of
          a  Triggering  Event (as  hereinafter  defined),  Smart  shall have an
          irrevocable  first  option to purchase  (the  "PURCHASE  OPTION")  the
          intellectual  property  described in Schedule "A" attached hereto (the
          "IP   ASSETS")   together   with  all  such   additions,   variations,
          improvements,  derivatives  and amendments to such IP Assets made from
          time to time following the date hereof for an amount equal to the Fair
          Market Value (as hereinafter defined).  For greater certainty,  the IP
          Assets shall not include any new intellectual property (not related to
          the IP  Assets)  acquired  by Sciax or  Ugomedia  from  third  parties
          following the date of this Agreement.

     (b)  Triggering   Event.  The  term  "Triggering   Event"  shall  mean  the
          occurrence of any of the following events:

          (i)  an offer by Sciax to sell any of the IP Assets to a third party;

          (ii) a change of control of Sciax;

          (iii) Sciax determines to cease to carry on its business;

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          (iv) a general  assignment by Sciax or Ugomedia for the benefit of its
               creditors or a proposal or  arrangement  under the Bankruptcy and
               Insolvency Act (Canada) or similar legislation;

          (v)  Sciax or Ugomedia  shall be declared or adjudicated a bankrupt or
               a liquidator, trustee in bankruptcy, custodian, receiver, manager
               or any other  officer with similar  powers is appointed by or for
               Sciax or  Ugomedia  or Sciax or  Ugomedia's  business or Sciax or
               Ugomedia consents to such appointment;

          (vi) Sciax or Ugomedia  shall  propose a  compromise  or  arrangement,
               shall institute proceedings to be adjudged bankrupt or insolvent,
               shall  consent to the  initiation of such  proceedings,  or seeks
               formal protection from its creditors;or

          (vii) a breach of this Agreement by Ugomedia and/or Sciax.

     (c)  Notice of Triggering Event. Sciax and Ugomedia shall provide a written
          notice of the Triggering  Event (the "EVENT NOTICE") to Smart at least
          thirty (30) Business Days prior to the  occurrence of such  Triggering
          Event or in the case of (v) above,  as soon as knowledge of such event
          is known to Sciax or Ugomedia.  For the purposes of this Agreement,  a
          "Business Day" shall mean any day except  Saturday,  Sunday or any day
          on which  banks are  generally  not open for  business  in the City of
          Toronto, Ontario.

     (d)  Exercise of Purchase  Right.  To exercise  the Purchase  Right,  Smart
          shall notify Sciax and Ugomedia in writing of its intent to do so (the
          "EXERCISE  NOTICE")  within  five (5)  Business  Days  (the  "EXERCISE
          PERIOD") of  receiving  the Event  Notice.  Upon giving such  Exercise
          Notice,  Smart  shall be bound to  acquire  the IP  Assets at the Fair
          Market Value.  Failure by Smart to deliver the Exercise  Notice during
          the Exercise  Period shall be deemed a waiver by Smart of his right to
          acquire the IP Assets.

     (e)  Selection of Valuator. Within five (5) Business Days of delivering the
          Exercise  Notice,  Smart  shall  deliver to Sciax and  Ugomedia a list
          setting  forth the  names of at least  three  (3)  certified  business
          valuators ("VALUATORS") for the determination of the Fair Market Value
          of the IP Assets.  Sciax and Ugomedia shall select one of the proposed
          Valuators  following  which Smart,  Sciax and Ugomedia  shall  jointly
          retain the Valuator to determine the Fair Market Value, as at the date
          of the Triggering Event, of the IP Assets, applying such principles of
          valuation as the Valuator considers appropriate in the circumstances.

     (f)  Co-operation  and Delivery of  Valuation.  Each of the parties  hereto
          shall  in  all   respects   co-operate   with  the   Valuator  in  the
          determination  of  the  Fair  Market  Value  of  the  IP  Assets.   In
          particular,  each of the parties shall make  available to the Valuator
          all such documents and information  with respect to the affairs of the
          parties  as  the   Valuator  may   reasonably   require  to  make  its
          determination of the Fair Market Value, and shall make their personnel

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          available  at all  reasonable  times to assist in such  determination.
          Within ten (10) Business Days following its appointment,  the Valuator
          shall provide each of Smart, Sciax and Ugomedia with its determination
          of Fair Market Value. If the Valuator  specifies a range of values for
          the Fair Market Value, the Fair Market Value shall be the mid-point of
          the range.

     (g)  No Appeal of  Valuation.  The valuation of the IP Assets as determined
          by the  Valuator  shall be final and  binding on all parties and there
          shall be no appeal from the valuation determined by the Valuator.

     (h)  Fees and  Disbursements.  All fees,  disbursements and other costs and
          expenses associated with the determination of the Fair Market Value by
          the Valuator in accordance  with the  provisions of this Section shall
          be borne by Smart.

     (i)  Delivery of IP Assets.  Following the determination of the Fair Market
          Value by the  Valuator,  the  transfer  of the IP Assets  shall  occur
          within  ten  (10)  Business   Days  (the   "CLOSING   DATE")  of  such
          determination  and Sciax shall cause the IP Assets to be sold to Smart
          free  and   clear  of  all   mortgages,   liens,   pledges,   charges,
          encumbrances,   equities,  claims,  covenants,   conditions  or  other
          restrictions in consideration for the payment of the Fair Market Value
          by  Smart  to  Sciax  which  Sciax  acknowledges  shall  be  the  sole
          consideration  to be paid for the IP Assets.  In the event Smart fails
          to pay the Fair  Market  Value  for the IP  Assets  on or  before  the
          Closing Date, Smart's right to acquire the IP Assets shall terminate.

2.   ENFORCEABILITY.

     The parties hereto  acknowledge and agree that the  enforceability  of this
     Agreement  may  be  limited  by  any  applicable  bankruptcy,   insolvency,
     winding-up, reorganization, arrangement, moratorium or other laws affecting
     creditors' rights generally.

3.   NOTICES.

     Any notice to any party hereto given pursuant to this Agreement shall be in
     writing addressed as follows:

     If to Sciax:

     233 Carlaw Ave., Suite 401
     Toronto, Ontario
     M4M 3N6

     Facsimile: (416) 778-8775

     If to Ugomedia:

     233 Carlaw Ave., Suite 401
     Toronto, Ontario
     M4M 3N6

     Facsimile: (416) 778-8775

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     If to Smart:

     42 Logan Avenue
     Toronto, Ontario
     M4K 1L5

     Any such address may be changed by any party by written notice to the other
     party.  Any notice shall be deemed  delivered (i) if delivered  personally,
     when received,  or (ii) if mailed by registered or certified mail,  postage
     pre-paid, return receipt requested, when received; or (iii) if delivered by
     courier  service when received;  or (iv) if sent by facsimile on the day so
     faxed if sent before 5:00pm (Toronto time) on such day.

4.   DISPUTE RESOLUTION.

     (a)  Arbitration.  All disputes  between parties arising in connection with
          this  Agreement  shall be finally  settled by an arbitrator  chosen in
          accordance herewith. The arbitration shall be held in Toronto, Ontario
          in accordance with the Arbitration Act (Ontario), as amended from time
          to  time.  The law  governing  the  procedures  and  substance  of the
          arbitration  will be that of the Province of Ontario.  The arbitration
          proceedings,  all  documents  and  all  testimony,  written  or  oral,
          produced  in  connection  therewith  shall be kept  confidential.  The
          arbitrator  may  determine  all  questions  of  law  and  jurisdiction
          (including  questions as to whether the dispute is arbitrable) and has
          the right to grant legal and equitable  relief  (including  injunctive
          and other interim relief and the right to grant  permanent and interim
          injunctive relief),  and shall apportion all costs between the parties
          taking into consideration,  among other factors, the percentage of the
          total  amount in dispute that is  represented  by the amount of claims
          asserted  by  a  party  but  rejected  by  the  arbitrator,  including
          reasonable legal fees, interest and costs of the arbitration, provided
          that  nothing  herein  shall  prevent the parties  hereto from seeking
          interim injunctive relief in a court of competent jurisdiction pending
          resolution  of the  dispute  in  accordance  with  this  section.  The
          arbitrator  may not amend or otherwise  alter the terms and conditions
          of the Agreement.

     (b)  Selection of Arbitrator. The parties shall have ten (10) Business Days
          to agree upon the  arbitrator  commencing  on the day on which written
          notice was given by the party initiating the arbitration.  Upon expiry
          for the  fifteen  day  period and  regardless  of an  agreement  being
          reached as the  arbitrator,  either or both  parties  may apply to the
          court  to  appoint  the  arbitrator.   The  court  shall  appoint  the
          arbitrator  within  twenty (20)  Business  Days after such request and
          shall notify the parties of the appointment.

                                       4
<PAGE>

     (c)  Discovery.  The parties  shall make  available to the  arbitrator  all
          information  requested  in  accordance  with the  applicable  rules of
          arbitration,   including   production  of  all  relevant  records  and
          documents.  All  notices  and  other  communications  required  to  be
          delivered  pursuant to the applicable  rules of  arbitration  shall be
          delivered to the address specified in the Agreement.

5.   MISCELLANEOUS.

     (a)  No Assignment. Neither party to this Agreement may assign, transfer or
          otherwise  convey  any or all of its rights or  obligations  hereunder
          without the prior written approval of the other party.

     (b)  Amendment. No amendment to this Agreement shall be effective unless it
          is in writing and executed by both parties.

     (c)  Expenses of the Parties.  Each party shall pay its respective expenses
          incurred in connection with the negotiation, execution and performance
          of this Agreement.

     (d)  Severability.  If any one or more of the provisions  contained in this
          Agreement or in any document executed in connection  herewith shall be
          invalid,  illegal or unenforceable in any respect under the applicable
          law, the  validity,  legality,  and  enforceability  of the  remaining
          provisions  contained  herein  shall  not in any  way be  affected  or
          impaired;  provided,  however, that in such case the parties shall use
          their best efforts to achieve the purpose of the invalid provision.

     (e)  Governing  Law.  This  Agreement and all actions  contemplated  hereby
          shall be governed by and construed and enforced in accordance with the
          laws of the  Province  of  Ontario  and the laws of Canada  applicable
          therein,  including the  principles  of conflict of laws thereof.  The
          parties hereby irrevocably attorn to the exclusive jurisdiction of the
          courts of the Province of Ontario in respect of the subject  matter of
          this  Agreement  and  irrevocably  agree to be  bound by any  judgment
          rendered  thereby in connection with this  Agreement,  subject in each
          case to all rights to appeal such decisions to the extend available to
          such parties.

     (f)  No Waiver of Rights.  No failure or delay on the part of either  party
          in the  exercise of any power or right  hereunder  shall  operate as a
          waiver thereof,  nor shall any single or partial  exercise of any such
          power or right  preclude other or further  exercise  thereof or of any
          other right or power.  The waiver by any party or parties  hereto of a
          breach of any  provision  of this  Agreement  shall not  operate or be
          construed as a waiver of any other or subsequent breach hereunder. All
          rights and remedies  existing  under this Agreement are cumulative to,
          and not exclusive of, any rights or remedies otherwise available.

     (g)  Counterparts.  This  Agreement may be executed  simultaneously  in any
          number of counterparts, each of which shall be deemed an original, but
          all of which  together shall  constitute one and the same  instrument.
          Counterparts  may be executed either in original or faxed form and the
          parties  adopt any  signatures  received by a receiving fax machine as

                                       5
<PAGE>

          original signatures of the parties; provided,  however, that any party
          providing its signature in such manner shall  promptly  forward to the
          other party an original of the signed copy of this Agreement which was
          so faxed.

     (h)  Headings.  The inserted  headings are for convenience  only and should
          not be used to construe or interpret this Agreement.

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

                                             SCIAX TECHNOLOGY INC.

                                             Per:
                                                 ------------------------------
                                             Name:
                                             Title:

                                             UGOMEDIA INTERACTIVE CORPORATION

                                             Per:
                                                 ------------------------------
                                             Name:
                                             Title:

--------------------------                       ------------------------------
WITNESS                                                       KEN SMART

                                       6
<PAGE>
                                  SCHEDULE "A"

                                    IP ASSETS

For the purposes of the Agreement, the term "IP Assets" shall include all rights
to and interests in:

(a)  all  business  and trade names,  corporate  names,  brand names and slogans
     related to the business of Ugomedia and/or Sciax;

(b)  Confidential  or  proprietary  information or material  regarding  Ugomedia
     and/or  Sciax,   both  existing  and   contemplated,   including,   without
     limitation,  corporate  information,  contractual  licensing  arrangements,
     plans  strategies,  tactics,  policies,  patent,  trade-mark and trade name
     applications,  information  concerning  suppliers;  marketing  information,
     including sales, investment and product plans, customer lists,  strategies,
     methods,   customer,   prospects  and  market   research  data;   financial
     information,   including  cost  and  performance   data;   operational  and
     scientific  information,   including  trade  secrets;  software,  technical
     information,  including technical drawings and designs; inventions (whether
     or not  protectable  under patent laws),  works of authorship,  information
     fixed in any  tangible  medium of  expression  (whether or not  protectable
     under copyright laws) and personnel information;

(c)  right,  title,  and  interest in and to, each of the  Innovations,  and any
     associated  intellectual  property  rights,  which  are  from  time to time
     reduced to practice,  created, derived,  developed or made by employees and
     or agents or consultants of Ugomedia and/or Sciax, which either (i) relate,
     at the time of  conception,  reduction to practice,  creation,  derivation,
     development,  or making of such  Innovation,  to Ugomedia's  and/or Sciax's
     business or actual or demonstrably anticipated research or development,  or
     (ii)  were  developed  with  the use of any of  Ugomedia's  and/or  Sciax's
     equipment,  supplies,  facilities  or trade  secret  information,  or (iii)
     resulted  from any work  performed  for by the  employees  and/or agents or
     consultants of Ugomedia and/or Sciax.  As used in this Agreement,  the term
     "Innovations" means all processes, improvements, inventions (whether or not
     protectable under patent laws),  works of authorship,  information fixed in
     any  tangible  medium  of  expression  (whether  or not  protectable  under
     copyright laws),  moral right, mask works,  trademarks,  trade names, trade
     dress,  trade secrets,  know-how,  ideas (whether or not protectable  under
     trade secret laws), and all other intellectual  property  protectable under
     intellectual property laws.

(d)  all inventions,  patents, patent rights, patent applications (including all
     reissues, divisions, continuations, continuations-in-part and extensions of
     any patent or patent application),  industrial designs and applications for
     registration  of  industrial  designs  related to the  business of Ugomedia
     and/or Sciax;

(e)  all  copyrights  and  trade-marks  (whether used with wares or services and
     including the goodwill  attaching to such  trade-marks),  registrations and
     applications  for  trade-marks  and copyrights  (and all future income from

<PAGE>

     such trade-marks and copyrights) related to the business of Ugomedia and/or
     Sciax;

(f)  all rights and  interests in and to  processes,  lab  journals,  notebooks,
     data, trade secrets, designs,  know-how,  product formulae and information,
     manufacturing, engineering and other drawings and manuals, technology, blue
     prints,  research and development  reports,  agency  agreements,  technical
     information, technical assistance, engineering data, design and engineering
     specifications,  and similar materials recording or evidencing expertise or
     information related to the business of Ugomedia and/or Sciax;

(g)  all other intellectual and industrial  property rights throughout the world
     related to the business of Ugomedia and/or Sciax;

(h)  all licences of the intellectual property listed in items (a) to (g) above;

(i)  all future income and proceeds from any of the intellectual property listed
     in items (a) to (g) above and the licences listed in item (h) above; and

(j)  all rights to damages and profits by reason of the  infringement  of any of
     the intellectual property listed in items (a) to (i) above.

                                       2

<PAGE>

                                  SCHEDULE 3.3
                                  SHAREHOLDINGS

<TABLE>
<CAPTION>
---------------------------------------- ---------------------------- ------------------------------------------------
              SHAREHOLDER                     # OF SCIAX SHARES                 SHARE CONSIDERATION PAYABLE
---------------------------------------- ---------------------------- ------------------------------------------------
<S>                                              <C>                  <C>
Ken Smart                                        20,782,000           18,812,142 Exchangeable Shares
                                                                      4,703,036 Preferred Shares
---------------------------------------- ---------------------------- ------------------------------------------------
Tracy Fihrer                                       42,000             38,019 Ugomedia Common Shares
---------------------------------------- ---------------------------- ------------------------------------------------
Catherine E. Davis                                 30,000             27,156 Ugomedia Common Shares
---------------------------------------- ---------------------------- ------------------------------------------------
1144193 Ontario Ltd.                               30,000             27,156 Ugomedia Common Shares
---------------------------------------- ---------------------------- ------------------------------------------------
Yazdan Mazair                                      50,000             45,261 Ugomedia Common Shares
---------------------------------------- ---------------------------- ------------------------------------------------
Barbara Thompson                                   166,000            150,265 Ugomedia Common Shares
---------------------------------------- ---------------------------- ------------------------------------------------
TOTAL                                            21,100,000
---------------------------------------- ---------------------------- ------------------------------------------------
</TABLE>

                                       9
<PAGE>
                                  SCHEDULE 3.6
                                  SHAREHOLDERS

<TABLE>
<CAPTION>
---------------------------------------- -----------------------------------------------------------------------------
                 NAME                                            ADDRESS/COUNTRY OF RESIDENCE
---------------------------------------- -----------------------------------------------------------------------------
<S>                                                                    <C>
Ken Smart                                                              42 Logan Avenue
                                                                   Toronto, Ontario, Canada
                                                                           M4K 1L5
---------------------------------------- -----------------------------------------------------------------------------
Tracy Fihrer                                                           106 Crimson Way
                                                                   Toronto, Ontario, Canada
                                                                           M2L 1T6
---------------------------------------- -----------------------------------------------------------------------------
Catherine E. Davis                                                395 Crossing Bridge Place
                                                                   Aurora, Ontario, Canada
                                                                           L4G 7N1
---------------------------------------- -----------------------------------------------------------------------------
1144193 Ontario Ltd.                                               1243 Lakeshore Road West
                                                                  Oakville, Ontario, Canada
                                                                           L6L 1E7
---------------------------------------- -----------------------------------------------------------------------------
Yazdan Mazair                                                           214 Heath St.
                                                                   Toronto, Ontario, Canada
                                                                           M4V 1V5
---------------------------------------- -----------------------------------------------------------------------------
Barbara Thompson                                                  449 Walmes Road, Unit 303
                                                                   Toronto, Ontario, Canada
                                                                           M5P 2X9
---------------------------------------- -----------------------------------------------------------------------------
</TABLE>

                                       10
<PAGE>

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