Document:

EXECUTIVE
      EMPLOYMENT AGREEMENT

    

    

    This
      EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) dated August 14, 2006 by and
      between bioMETRX, Inc., a company incorporated under the laws of Delaware (the
      “Company”), and Lorraine Yarde, an individual (the “Executive”).

    

    WHEREAS,
      the Company, through its Board of Directors (the “Board”), considers the
      maintenance of competent and experienced officers to be essential to its long
      term success; and

    

    WHEREAS,
      the Executive has been and continues to be a valuable employee of the Company;
      and

    

    WHEREAS,
      the Board believes it is in the Company’s and its shareholders’ best interests
      to retain the services of the Executive; and

    

    WHEREAS,
      the Company and Executive desire to enter into an agreement to provide for
      the
      Executive’s employment by the Company upon the terms and conditions set forth in
      this Agreement.

    

    NOW
      THEREFORE, in consideration of the foregoing facts and mutual agreements set
      forth below, the parties, intending to be legally bound, agree as
      follows:

    

    1. Employment.
      The
      Company hereby agrees to employ Executive, and Executive hereby accepts such
      employment and agrees to perform Executive’s duties and responsibilities in
      accordance with the terms and conditions hereinafter set forth.

    

    1.1 Duties
      and Responsibilities.
      Executive shall serve as Chief Operating Officer. During the Employment Term,
      Executive shall perform all duties and accept all responsibilities incident
      to
      such position and other appropriate duties as may be assigned to Executive
      by
      the Company’s Board of Directors from time to time. Executive shall also serve
      as a director of the Company if requested by the Company’s Board of Directors
      and as an officer of one or more of the Company’s subsidiaries without any
      additional compensation. The Company shall retain full direction and control
      of
      the manner, means and methods by which Executive performs the services for
      which
      he is employed hereunder and of the place or places at which such services
      shall
      be rendered. 

    

    1.2 Employment
      Term.
      The
      initial term of employment shall be for a period of three (3) years commencing
      as of the date of this Agreement. After the initial term, this Agreement shall
      be automatically extended for additional one year terms on the annual
      anniversary date of this Agreement, unless either the Company, through its
      Board, or the Executive gives contrary written notice (the “Non-Renewal Notice”)
      to the other not less than three (3) months in advance of such anniversary
      date.
      References herein to the term of this Agreement, as amended, shall refer to
      both
      such initial term and such successive terms.

     

    
      
        
        

      

      
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    1.3 Extent
      of Service.
      During
      the Employment Term, Executive agrees to use Executive’s best efforts to carry
      out the duties and responsibilities under Section 1.1 hereof and to devote
      substantially all Executive’s business time, attention and energy thereto.
      Executive further agrees not to work either on a part-time or independent
      contracting basis for any other business or enterprise during the Employment
      Term without the prior written consent of the Company’s Board of Directors (the
“Board”), which consent shall not be unreasonably withheld.

    

    1.4 Compensation.
      The
      Company shall pay the Executive a base annual salary hereunder of:

    

    $150,000
      through December 31, 2006

    $175,000
      for calendar year 2007

    $200,000
      for the remainder of the term of this Agreement

     

    payable
      in equal semi-monthly installments or at such other intervals as shall be agreed
      upon by the parties. The Executive’s compensation will be automatically
      increased in the 2007 calendar year to $200,000 upon the Company achieving
      $10
      million in revenues and $250,000 during the last year of the term upon the
      Company achieving revenues of $15 million. The Executive shall be entitled
      to
      receive, as additional compensation, .05% of net proceeds should the company
      exceed $10,000,000 in revenue in any 12 month period. The Executive’s base
      annual salary may be increased from time to time as determined by the Board,
      and, if so increased, such base annual salary shall not thereafter, during
      the
      Executive’s employment under the Agreement, be decreased, and the obligation of
      the Company hereunder to pay the Executive’s base annual salary shall thereafter
      relate to such increased base annual salary. 

    

    1.5 Car
      Allowance.
      The
      Company shall provide to the Executive a car allowance of not less than $750.00
      per month during the term of this Agreement. 

    

    1.6 Stock
      Options.
      Upon
      signing this Agreement, the Executive shall be granted stock options to purchase
      up to 600,000 shares of the Company’s common stock at the following prices and
      subject to the vesting schedule set froth below:

    

    
      	
              Number
                of Shares

            	
              Exercise
                Price

            	
              Vesting

            
	 	 	 
	
              200,000

            	
              $1.00

            	
              Immediately

            
	
              200,000

            	
              $1.25

            	
              Immediately

            
	
              200,000

            	
              $1.50

            	
              Immediately

            

    

     

    Each
      option shall be exercisable for a term of five (5) years from the date of this
      Agreement, shall contain a cashless exercise provision and shall be issued
      pursuant to the Company’s Equity Incentive Plan (“Plan”). In the event this
      Agreement is terminated for cause or if the employee terminates this Agreement
      pursuant to Section 4.4, any unexercised options will be immediately
      cancelled.

     

    
      
        
        

      

      
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    1.7 Stock
      Bonus.
      Upon
      execution of this Agreement, the Company shall issue the Executive as a bonus
      150,000 shares of the company’s common stock, such shares are to be issued
      pursuant to the Company’s Plan.

    

    1.8 Other
      Benefits.
      During
      the Employment Term, Executive shall be entitled to participate in all employee
      benefit plans and programs made available to the Company’s senior level
      executives as a group or to its employees generally, as such plans or programs
      may be in effect from time to time (the “Benefit Coverages”), including, without
      limitation, medical, dental, hospitalization, short-term and long-term
      disability and life insurance plans, accidental death and dismemberment
      protection and travel accident insurance. Executive shall be provided office
      space and staff assistance appropriate for Executive’s position and adequate for
      the performance of his duties. 

     

    1.9 Reimbursement
      of Expenses: Vacation.
      Executive shall be provided with reimbursement of expenses related to
      Executive’s employment by the Company on a basis no less favorable than that
      which may be authorized from time to time by the Board, in its sole discretion,
      for senior level executives as a group. Executive shall be entitled to vacation
      and holidays in accordance with the Company’s normal personnel policies for
      senior level executives, but not less than four (4) weeks of vacation per
      calendar year, provided Executive shall not utilize more than ten (10)
      consecutive business days without the express consent of the Board of Directors.
      Unused vacation time will be forfeited as of December 31 of each calendar year
      of the Employment Term. 

    

    1.10 No
      Other Compensation.
      Except
      as expressly provided in Sections 1.4 through 1.8, Executive shall not be
      entitled to any other compensation or benefits.

    

    2. Confidential
      Information.
      Executive recognizes and acknowledges that by reason of Executive’s employment
      by and service to the Company before, during and, if applicable, after the
      Employment Term, Executive will have access to certain confidential and
      proprietary information relating to the Company’s business, which may include,
      but is not limited to, trade secrets, trade “know-how,” product development
      techniques and plans, formulas, customer lists and addresses, financing
      services, funding programs, cost and pricing information, marketing and sales
      techniques, strategy and programs, computer programs and software and financial
      information (collectively referred to as “Confidential Information”). Executive
      acknowledges that such Confidential Information is a valuable and unique asset
      of the Company and Executive covenants that he will not, unless expressly
      authorized in writing by the Company, at any time during the course of
      Executive’s employment use any Confidential Information or divulge or disclose
      any Confidential Information to any person, firm or corporation except in
      connection with the performance of Executive’s duties for the Company and in a
      manner consistent with the Company’s policies regarding Confidential
      Information. Executive also covenants that at any time after the termination
      of
      such employment, directly or indirectly, he will not use any Confidential
      Information or divulge or disclose any Confidential Information to any person,
      firm or corporation, unless such information is in the public domain through
      no
      fault of Executive or except when required to do so by a court of law, by any
      governmental agency having supervisory authority over the business of the
      Company or by any administrative or legislative body (including a committee
      thereof) with apparent jurisdiction to order Executive to divulge, disclose
      or
      make accessible such information. All written Confidential Information
      (including, without limitation, in any computer or other electronic format)
      which comes into Executive’s possession during the course of Executive’s
      employment shall remain the property of the Company. Except as required in
      the
      performance of Executive’s duties for the Company, or unless expressly
      authorized in writing by the Company, Executive shall not remove any written
      Confidential Information from the Company’s premises, except in connection with
      the performance of Executive’s duties for the Company and in a manner consistent
      with the Company’s policies regarding Confidential Information. Upon termination
      of Executive’s employment, the Executive agrees to return immediately to the
      Company all written Confidential Information (including, without limitation, in
      any computer or other electronic format) in Executive’s possession.

     

    
      
        
        

      

      
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    3. Non-Competition;
      Non-Solicitation.

    

    3.1 Non-Compete.
      The
      Executive hereby covenants and agrees that during the term of this Agreement
      and
      for a period of one year following the end of the Employment Term, the Executive
      will not, without the prior written consent of the Company, directly or
      indirectly, on his own behalf or in the service or on behalf of others, whether
      or not for compensation, engage in any business activity, or have any interest
      in any person, firm, corporation or business, through a subsidiary or parent
      entity or other entity (whether as a shareholder, agent, joint venturer,
      security holder, trustee, partner, consultant, creditor lending credit or money
      for the purpose of establishing or operating any such business, partner or
      otherwise) which is competitive with the then existing business of Company
      being
      conducted in the Covered Area, as defined hereinbelow. For the purpose of this
      Section 3.1, “Covered Area” shall mean all geographical areas of the United
      States and foreign jurisdictions where Company then has offices and/or sells
      its
      products directly or indirectly through distributors and/or other sales agents.
      Notwithstanding the foregoing, the Executive may own shares of companies whose
      securities are publicly trades, so long as such securities do not constitute
      more than one percent (1%) of the outstanding securities of any such
      company.

    

    3.2 Non-Solicitation.
      The
      Executive further agrees that as long as the Agreement remains in effect and
      for
      a period of one (1) year from its termination, the Executive will not divert
      any
      business of the Company and/or its affiliates or any customers or suppliers
      of
      the Company and/or the Company’s and/or its affiliates’ business to any other
      person, entity or competitor, or induce or attempt to induce, directly or
      indirectly, any person to leave his or her employment with the
      Company.

    

    3.3 Remedies.
      The
      Executive acknowledges and agrees that his obligations provided herein are
      necessary and reasonable in order to protect the Company and its affiliates
      and
      their respective business and the Executive expressly agrees that monetary
      damages would be inadequate to compensate the Company and/or its affiliates
      for
      any breach by the Executive of his covenants and agreements set forth herein.
      Accordingly, the Executive agrees and acknowledges that any such violation
      or
      threatened violation of this Section 3 will cause irreparable injury to the
      Company and that, in addition to any other remedies that may be available,
      in
      law, in equity or otherwise, the Company and its affiliates shall be entitled
      to
      obtain injunctive relief against he threatened breach of this Section 3 or
      the
      continuation of any such breach by the Executive without the necessity of
      proving actual damages.

    

    
      
        
        

      

      
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    4. Termination.
      

    

    4.1 By
      Company.
      The
      Company, acting by duly adopted resolutions of the Board of Directors, may,
      in
      its discretion and at its option, terminate the Executive’s employment with or
      without Cause, and without prejudice to any other right or remedy to which
      the
      Company or Executive may be entitled at law or in equity or under this
      Agreement. In the event the Company desires to terminate the Executive’s
      employment without Cause, the Company shall give the Executive not less than
      thirty (30) days advance written notice. Termination of Executive’s employment
      hereunder shall be deemed to be “for Cause” in the event that Executive violates
      any provisions of this Agreement, is guilty of any felony or an act of
      embezzlement, is guilty of willful misconduct or gross neglect,
      misappropriation, concealment or conversion of any money or property of the
      Company or gross dereliction of his duties hereunder or refuses to perform
      his
      duties hereunder after notice of such refusal to perform such duties or
      directions was given to Executive by the Board of Directors.

    

    4.2 Involuntary
      Termination.
      “Involuntary Termination” shall mean (i) the assignment to Executive of any
      duties or the significant reduction of Executive’s duties, either of which is
      materially inconsistent with Executive’s position with the Company and
      responsibilities in effect immediately prior to such assignment, or the removal
      of Executive from such position and responsibilities; (ii) a material reduction
      by the Company in the compensation of Executive, without the Executive’s written
      consent, as in effect immediately prior to such reduction; (iii) a material
      reduction by the Company in the kind or level of benefits to which Executive
      is
      entitled immediately prior to such reduction with the result that Executive’s
      overall benefits package is significantly reduced; (iv) the relocation of
      Executive to a facility or a location outside the United States on a permanent
      basis; (v) any termination of Executive by the Company which is not effected
      for
      Misconduct, Cause or as a result of a Non Renewal Notice given by the Company
      or
      Executive, or any purported termination for Misconduct or Cause for which the
      grounds relied upon are determined by a court of competent jurisdiction not
      to
      be valid, unless Executive, following such purported termination, receives
      all
      compensation, including vesting of all unvested stock options and restricted
      stock within five business days of such determination, or (vi) the termination
      by Executive for Company’s violation of any material provision of this
      agreement, unless the grounds relied upon are determined by a court of competent
      jurisdiction not to be valid.

    

    4.3 By
      Executive’s Death or Disability.
      This
      Agreement shall also be terminated upon the Executive’s death and/or a finding
      of permanent physical or mental disability, such disability expected to result
      in death or to be of a continuous duration of no less than twelve (12) months,
      and the Executive is unable to perform his usual and essential duties for the
      Company.

     

    
      
        
        

      

      
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    4.4 Voluntary
      Termination.
      Executive may voluntarily terminate the Employment Term upon sixty (60) days’
prior written notice for any reason; provided, however, that no further payments
      shall be due under this Agreement in that event except that Executive shall
      be
      entitled to any benefits due under any compensation or benefit plan provided
      by
      the Company for executives or otherwise outside of this Agreement.

    

    4.5 Compensation
      on Termination.
      

    

    (a) Cause
      or Misconduct.
      In the
      event the Company terminates Executive for Cause or Misconduct, Executive shall
      not be entitled to any compensation other than Base Salary accrued through
      the
      date of termination. Such termination shall also immediately cease the vesting
      of all outstanding unvested options and restricted stock held on the date of
      termination and all such unvested options shall thereupon expire.

    

    (b) Voluntary
      Termination.
      In the
      event Executive resigns from the Company voluntarily, Executive shall not be
      entitled to any compensation other than Base Salary accrued through the
      effective date of his resignation.

    

    (c) Involuntary
      Termination.
      In the
      event Executive is terminated by the Company due to an Involuntary Termination
      prior to the expiration of the Employment Term, the Company shall pay to
      Executive (i) the balance of Executive’s Base Salary in accordance with the
      schedule such payments had been made during the six months preceding such
      termination for the remainder of the Employment Term; and (ii) twenty five
      percent (25%) of such balance, representing an estimate of all bonuses which
      would have been paid during such period, payable 60 days after such termination.
      In addition, the Company shall be obligated, for a period of twenty-four (24)
      months after any Involuntary Termination, to continue to make available to
      Executive and to pay for all health, dental, vision, life, dependent life,
      long-term disability, accidental death and dismemberment and other similar
      insurance plans existing on the date of Executive’s termination, or to provide
      comparable coverage. The Company shall “gross-up” Executive for any income
      required to be imputed by virtue of providing the benefits set forth in the
      preceding sentence, such that the net economic result to Executive will be
      as if
      such benefits were provided on a tax-free basis. 

    

    (d) Death
      or Disability.
      In the
      event of termination by reason of Executive’s death and/or permanent disability,
      Executive or his executors, legal representatives or administrators, as
      applicable, shall be entitled to an amount equal to Executive’s Base Salary
      accrued through the date of termination, plus a pro rata share of any annual
      bonus to which Executive would otherwise be entitled for the year during which
      death or permanent disability occurs.

     

    5. General
      Provisions.
      

    

    5.1 Modification:
      No Waiver.
      No
      modification, amendment or discharge of this Agreement shall be valid unless
      the
      same is in writing and signed by all parties hereto. Failure of any party at
      any
      time to enforce any provisions of this Agreement or any rights or to exercise
      any elections hall in no way be considered to be a waiver of such provisions,
      rights or elections and shall in no way affect the validity of this Agreement.
      The exercise by any party of any of its rights or any of this elections under
      this Agreement shall not preclude or prejudice such party from exercising the
      same or any other right it may have under this Agreement irrespective of any
      previous action taken.

     

    
      
        
        

      

      
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    5.2 Notices.
      All
      notices and other communications required or permitted hereunder or necessary
      or
      convenient in connection herewith shall be in writing and shall be deemed to
      have been given when hand delivered or mailed by registered or certified mail
      as
      follows (provided that notice of change of address shall be deemed given only
      when received):

     

    
      	 	If to the Company, to:	bioMETRX, Inc.	 
	 	 	500 N. Broadway, Suite 204	 
	 	 	Jericho, NY 11753	 
	 	 	 	 
	 	If to Executive, to: 	Lorraine Yarde	 
	 	 	27 South Evergreen Dr.	 
	 	 	Selden, NY 11784	 

    

                            
      

    Or
      to
      such other names or addresses as the Company or Executive, as the case may
      be,
      shall designate by notice to each other person entitled to receive notices
      in
      the manner specified in this Section.

    

    5.3 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York.

    

    5.4 Further
      Assurances.
      Each
      party to this Agreement shall execute all instruments and documents and take
      all
      actions as may be reasonably required to effectuate this Agreement.

    

    5.5 Severability.
      Should
      any one or more of the provisions of this Agreement or of any agreement entered
      into pursuant to this Agreement be determined to be illegal or unenforceable,
      then such illegal or unenforceable provision shall be modified by the proper
      court or arbitrator to the extent necessary and possible to make such provision
      enforceable, and such modified provision and all other provisions of this
      Agreement and of each other agreement entered into pursuant to this Agreement
      shall be given effect separately from the provisions or portion thereof
      determined to be illegal or unenforceable and shall not be affected
      thereby.

    

    5.6 Successors
      and Assigns.
      Executive may not assign this Agreement without the prior written consent of
      the
      Company. The Company may assign its rights without the written consent of the
      executive, so long as the Company or its assignee complies with the other
      material terms of this Agreement. The rights and obligations of the Company
      under this Agreement shall inure to the benefit of and be binding upon the
      successors and permitted assigns of the Company, and the Executive’s rights
      under this Agreement shall inure to the benefit of and be binding upon his
      heirs
      and executors. The Company’s subsidiaries and controlled affiliates shall be
      express third party beneficiaries of this Agreement.

     

    
      
        
        

      

      
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    5.7 Entire
      Agreement.
      This
      Agreement supersedes all prior agreements and understandings between the
      parties, oral or written. No modification, termination or attempted waiver
      shall
      be valid unless in writing, signed by the party against whom such modification,
      termination or waiver is sought to be enforced.

    

    5.8 Counterparts;
      Facsimile.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      for
      all purposes be deemed to be an original, and all of which taken together shall
      constitute one and the same instrument. This Agreement may be executed by
      facsimile with original signatures to follow.

    

    IN
      WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed
      this Agreement as of the date first written above. 

     

    
      	 	 	 
	 	BIOMETRX,
              INC.
	 
 	 
 	 
 
	 	By:  	 /s/
              Mark
              Basile
	 	
              
Mark
              Basile, CEO
	 	 

      	 	 	 
	 	By:  	/s/
              Lorraine Yarde
	 	
              
Lorraine
              Yarde
	 	 

    

     

    8EXHIBIT 4.1

                            DEMAND PROMISSORY NOTE

$5,000                                                      July 13, 2006

FOR VALUE RECEIVED, Digicorp, a corporation organized under the laws of Delaware
with an address at 4143 Glencoe Avenue, Marina Del Rey, CA 90292 (Fax No.: (310)
651-9629) (the "Maker"), hereby promises to pay to William Horne with an address
at 25946 SE 22nd Place, Sammamish, WA 98075, or assigns (the "Holder"), the
principal sum of Five Thousand Dollars ($5,000) in lawful money of the United
States, plus interest thereon at the rate set forth below, ON DEMAND.

1.    Payments.

      Maker promises to pay interest on the principal amount of this Note
outstanding at a rate equal to the "prime rate" published in The Wall Street
Journal from time to time to the date of payment in full. Maker hereby agrees to
repay the principal amount of this Note, and the interest which shall accrue on
this Note, upon written demand therefor by the Holder. When any date on which
principal and interest are due and payable falls on a Saturday, Sunday or legal
holiday, then such payment shall be due and payable on the first business day
immediately following.

      Prepayment of all or any part of the principal due and owing on this Note
may be made on any date without any additional premium or penalty. All payments
made on this Note shall be applied first to amounts other than principal and
interest which may then be due hereunder, then to interest accrued to the date
of the payment and then to the outstanding principal amount of this Note.

      In the event any payment due hereunder is not made within five (5) days
after the due date, interest shall accrue on such unpaid amount at the rate of
fifteen percent (15%) per annum from the due date.

2.    Waivers.

      No delay or failure on the part of the Holder in exercising any right,
privilege or option hereunder shall operate as a waiver thereof or of any event
of default, nor shall any single or partial exercise of any such right,
privilege or option preclude any further exercise thereof, or the exercise of
any other right, privilege or option.

      Makers waive demand, presentment for payment, notice of dishonor, protest
and notice of protest and any notice or demands of any kind are hereby expressly
waived.

3.    Miscellaneous.

      (a)   Makers shall be responsible for all costs and expenses, including
court costs and reasonable attorneys' fees incurred in connection with
collection of payments due under this Note.

                                       1
<PAGE>

      (b)   This Note shall be governed by and interpreted in accordance with
the laws of the State of California applicable to agreements made and to be
performed within such State. Makers (a) hereby irrevocably submit to the
jurisdiction of the state courts of the State of California and the jurisdiction
of the United States District Courts in the State of California for the purpose
of any suit, action or other proceeding arising out of or based upon this Note,
or the subject matter hereof brought by Holder and (b) hereby waive and agree
not to assert, by way of motion, as a defense, or otherwise, in any such suit,
action or proceeding, any claim that it is not subject personally to the
jurisdiction of the above-named courts, that its property is exempt or immune
from attachment or execution, that the suit, action or proceeding is brought in
an inconvenient forum, that the venue of the suit, action or proceeding is
improper or this Note or the subject matter hereof may not be enforced in or by
such court, and (c) hereby waive in any such action, suit, or proceeding any
offsets or counterclaims. Makers hereby consent to service of process by
certified mail at their address set forth herein and agree that this submission
to jurisdiction and this consent to service of process by mail is made for the
express benefit of Holder. Final judgment against Makers in any such action,
suit or proceeding shall be conclusive, and may be enforced in other
jurisdictions (i) by suit, action or proceeding on the conclusive evidence of
the fact and of the amount of any indebtedness or liability of Makers therein
described or (ii) in any other manner provided by or pursuant to the laws of
such other jurisdiction; provided, however, that Holder may at its option bring
suit, or institute other judicial proceedings, against Makers or any of their
assets in any state or Federal court of the United States or of any country or
place where Makers or their assets may be found.

      (c)   MAKERS HEREBY WAIVE THEIR RIGHTS TO A JURY TRAIL OF ANY CLAIM OR
CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS NOTE. The scope of this waiver
is intended to be all-encompassing of any and all disputes that may be filed in
any court and that related to the subject matter of this Note, including without
limitation, contract claims, tort claims, breach of duty claims, and all other
common law and statutory claims. Makers hereby acknowledge that this waiver is a
material inducement to enter into a business relationship, that Holder has
already relied on the waiver in entering into this Note and that Holder will
continue to rely on the waiver in related future dealings. This waiver shall
apply to any subsequent amendments, renewals, supplements or modifications to
this Note.

      (d)   All notices, consents and other communications provided for in this
Note or otherwise required by law shall be in writing and may be given to or
made upon the respective parties at the addresses specified in the first
paragraph of this Note.

            Notices shall be effective upon the date of receipt; provided,
however, that a notice sent by certified or registered U.S. mail, with postage
prepaid, shall be presumed received no later than three (3) business days
following the date of mailing. Notices may also be given by facsimile
transmission to the FAX number specified in the first paragraph of this Note and
shall be deemed received on the date transmitted.

      (e)   Time is of the essence with respect to this Note.

                                       2
<PAGE>

      IN WITNESS WHEREOF, this Note has been executed and delivered by Maker on
the 13th day of July 2006.
                                          DIGICORP

                                          By /s/ Jay Rifkin
                                             ---------------------------
                                          Name: Jay Rifkin
                                          Title: Chief Executive Officer

                                       3

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