Document:

CUSIP 194620 10 0
                               COLLEY CORPORATION

              INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

                                                               SEE REVERSE FOR
                                  COMMON STOCK               CERTAIN DEFINITIONS

                                    SPECIMAN

This
certifies
that

is the owner of

 FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $0.001 PAR VALUE, OF
                               COLLEY CORPORATION

(hereinafter  called  the  "Corporation"),  transferable  on  the  books  of the
Corporation by the holder hereof in person or by duly authorized attorney,  upon
surrender of the Certificate properly endorsed.  This certificate and the shares
represented hereby are issued and shall be held subject to all the provisions of
the Certificate of Incorporation  and the Bylaws of the Corporation,  as amended
(copies of which are on file at the  office of the  Transfer  Agent),  to all of
which  the  holder  of this  Certificate  by  acceptance  hereof  assents.  This
Certificate  is not valid unless  countersigned  and  registered by the Transfer
Agent and  Registrar.  Witness  the  facsmile  seal of the  Corporation  and the
facsimile signatures of its duly authorized officers.

DATE:

                            [CORPORATE SEAL OMITTED]

                               Countersigned:
PRESIDENT                                    SECURITIES TRANSFER CORPORATION
                                             P.O. Box 701629
                                             Dallas, TX 75370
                                          By:

SECRETARY                                    ___________________________________
                                             TRANSFER AGENT-AUTHORIZED SIGNATUREAGREEMENT AND PLAN OF MERGER

                         dated as of September 30, 2001

                                 by and between

                               Colley Corporation

                                       and

                              AZ Acquisition Corp.

<PAGE>

         THIS AGREEMENT AND PLAN OF MERGER ("Agreement"),  dated as of September
30,  2001,  is  entered  into by and  between  Colley  Corporation,  a  Delaware
corporation  ("Colley Corp."),  and AZ Acquisition Corp., a Delaware corporation
("AZ Corp.").  Certain  capitalized  terms used in this Agreement are defined in
Section 9.3 hereof.

                              W I T N E S S E T H:
                               - - - - - - - - - -

         WHEREAS,  the  respective  Boards of Directors  of Colley Corp.  and AZ
Corp.  have  determined  that it would be advisable and in the best interests of
the stockholders of Colley Corp. and AZ Corp., respectively, for Colley Corp. to
merge with and into AZ Corp.  pursuant  and subject to the terms and  conditions
set forth in this Agreement (the "Merger");

         WHEREAS, the Merger is contingent upon its approval and ratification by
the stockholders of Colley Corp. but not the  stockholders of AZ Corp.  pursuant
to the requirements of the Plan (as hereinafter defined);

         WHEREAS,   Colley   Corp.   and  AZ  Corp.   desire  to  make   certain
representations,  warranties,  covenants and  agreements in connection  with the
Merger and also to prescribe various conditions to the Merger; and

         WHEREAS,  all  of  the  parties  hereto  desire  that  the  transaction
contemplated  herein be treated as a tax-free  merger  transaction  pursuant  to
Section 368 of the Code.

         NOW, THEREFORE,  in consideration of the  representations,  warranties,
covenants and agreements contained in this Agreement,  the parties hereto hereby
agree as follows:

                                    ARTICLE I

                                   THE MERGER

         SECTION  1.1 The Merger.  Upon the terms and subject to the  conditions
set forth in this Agreement, and in accordance with the applicable provisions of
the Delaware General Corporation Law ("DGCL"),  the Merger shall be effected and
Colley Corp.  shall be merged with and into AZ Corp. at the  Effective  Time (as
defined in Section 1.3), the separate  existence of Colley Corp. shall cease and
AZ  Corp.  shall  continue  as the  surviving  corporation  in the  Merger.  The
surviving  corporation  of  the  Merger  shall  be  herein  referred  to as  the
"Surviving Corporation."

         SECTION 1.2 Closing.  Unless this Agreement  shall have been terminated
and the transactions  herein  contemplated shall have been abandoned pursuant to
Section 8.1, and subject to the  satisfaction  or waiver of the  conditions  set
forth in Article VII, the closing of the Merger (the  "Closing") will take place
as soon as  practicable  following  the last to be  satisfied  or  waived of the
conditions  set forth in Article  VII in  accordance  with this  Agreement  (the
"Closing  Date"),  unless another date, time or place is agreed to in writing by
the parties hereto.

         SECTION 1.3. Effective Time.  Contemporaneously  with the Closing,  the
Surviving  Corporation  will  file with the  Secretary  of State of the State of
Delaware (the  "Delaware  Secretary of State") a certificate  of merger or other
appropriate  documents,  executed in accordance with the relevant  provisions of
the DGCL,  and make all other filings or recordings  required  under the DCGL in
connection with the Merger. The Merger shall become effective upon the filing of
the  certificate of merger with the Delaware  Secretary of State (the "Effective
Time").

                                       1
<PAGE>

         SECTION 1.4 Effects of the  Merger.  The Merger  shall have the effects
set  forth in this  Agreement  and in the  applicable  provisions  of the  DGCL.
Without limiting the generality of the foregoing,  and subject  thereto,  at the
Effective Time, all the properties, rights, privileges, powers and franchises of
Colley Corp. shall vest in the Surviving Corporation, and all debts, liabilities
and duties of Colley Corp. shall become the debts, liabilities and duties of the
Surviving Corporation.

         SECTION 1.5  Certificate  of  Incorporation;  Bylaws.  At the Effective
Time, (a) AZ Corp.'  certificate of  incorporation  shall be the  certificate of
incorporation of the Surviving Corporation, and (b) the bylaws of AZ Corp. as in
effect at the Effective  Time shall,  from and after the Effective  Time, be the
bylaws of the  Surviving  Corporation  until  thereafter  changed  or amended as
provided therein or by applicable law.

         SECTION 1.6  Directors;  Officers.  (i) At the Effective  Time, (a) the
directors of Colley Corp.  shall be the directors of the Surviving  Corporation,
each of whom will serve  until the  earlier of their  resignation  or removal or
until their  respective  successors are duly elected and qualified,  as the case
may be,  and (b) the  officers  of Colley  Corp.  shall be the  officers  of the
Surviving  Corporation,  until the  earlier of their  resignation  or removal or
until their  respective  successors are duly elected and qualified,  as the case
may be.

                                   ARTICLE II

                       EFFECT OF THE MERGER ON THE CAPITAL
                      STOCK OF THE CONSTITUENT CORPORATIONS

         SECTION  2.1 Effect on Capital  Stock.  As of the  Effective  Time,  by
virtue of the Merger and without any action on the part of the parties hereto or
any holder of any shares of capital stock of Colley Corp.,  all shares  ("Colley
Corp.  Shares") of common stock,  $.001 par value ("Colley Corp. Common Stock"),
of Colley Corp.  issued and outstanding  immediately prior to the Effective Time
shall be converted into an aggregate of 525,000 shares of AZ Corp.  Common Stock
(the "Merger Consideration"),  which shares shall represent approximately 51% of
the issued and outstanding AZ Corp. Common Stock as of the Effective Time.

         SECTION 2.2  Adjustments.  If at any time during the period between the
date of this  Agreement and the Effective  Time,  any change in the  outstanding
capital   stock  of  AZ  Corp.   shall   occur,   including  by  reason  of  any
reclassification, recapitalization, stock dividend, stock split, or combination,
exchange or  readjustment  of shares of capital stock of AZ Corp.,  or any stock
dividend thereof, the Merger Consideration shall be appropriately adjusted.

         SECTION 2.3  Further  Assurances.  If, at any time after the  Effective
Time, the Surviving  Corporation  shall  determine or be advised that any deeds,
bills of sale,  assignments,  assurances  or any other  actions  or  things  are
necessary or desirable to vest, perfect or confirm of record or otherwise in the
Surviving  Corporation  the right,  title or interest in, to or under any of the
rights,  properties or assets of Colley Corp.  acquired or to be acquired by the
Surviving  Corporation  as a result  of, or in  connection  with,  the Merger or
otherwise  to carry  out this  Agreement,  the  Surviving  Corporation  shall be
authorized  to execute and deliver,  in the name and on behalf of Colley  Corp.,
all such deeds, bills of sale, assignments and assurances and to take and do, in
the name and on behalf of Colley Corp. or otherwise,  all such other actions and
things as may be necessary or desirable to vest,  perfect or confirm any and all
right, title and interest in, to and under such rights,  properties or assets in
the Surviving Corporation or otherwise to carry out this Agreement.

                                       2
<PAGE>

                                   ARTICLE III

                               PAYMENT FOR SHARES

         SECTION 3.1 Letter of Transmittal; Surrender of Certificates.  Promptly
after the  Effective  Time,  AZ Corp.  shall mail to each  holder of record of a
certificate or  certificates  which,  immediately  prior to the Effective  Time,
evidence   outstanding  shares  of  the  capital  stock  of  Colley  Corp.  (the
"Certificates"),  (i) a form of letter of transmittal  (which shall specify that
delivery shall be effected, and risk of loss and title to the Certificates shall
pass, only upon proper delivery of the Certificates to AZ Corp., and shall be in
such form and have such other provisions as AZ Corp. may reasonably specify) and
(ii)  instructions  for use in effecting  the surrender of the  Certificates  in
exchange for new certificates of AZ Corp. representing such holders new interest
in AZ Corp..  Upon surrender of a Certificate  for  cancellation to the AZ Corp.
together  with  such  letter  of  transmittal,  duly  executed,  and such  other
customary documents as may be required pursuant to such instructions, the holder
of such  Certificate  shall be  entitled  to receive  in  respect  thereof a new
certificate evidencing such holders new interest in AZ Corp..

                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

         SECTION  4.1  Representations  and  Warranties  of AZ  Corp.  AZ  Corp.
represents and warrants to Colley Corp. as follows:

         (a)      Organization,  Standing and Power. AZ Corp. is duly organized,
validly  existing and in good  standing  under the laws of the  jurisdiction  in
which it is incorporated and has the requisite  corporate power and authority to
carry on its  business as now being  conducted.  AZ Corp.  is duly  qualified or
licensed to do business and is in good  standing in each  jurisdiction  in which
the nature of its business or the ownership or leasing of its  properties  makes
such  qualification  or licensing  necessary,  other than in such  jurisdictions
where  the  failure  to be so  qualified  or  licensed  (individually  or in the
aggregate) would not have a AZ Corp.  Material  Adverse Effect.  For purposes of
this Agreement,  the term "AZ Corp.  Material Adverse Effect" means any Material
Adverse  Effect  with  respect to AZ Corp.,  taken as a whole,  or any change or
effect  that  adversely,  or is  reasonably  expected to  adversely,  affect the
ability  of AZ  Corp.  to  consummate  the  transactions  contemplated  by  this
Agreement  in any  material  respect or  materially  impairs or delays AZ Corp.'
ability to perform its  obligations  hereunder.  AZ Corp.  has made available to
Colley  Corp.  complete  and  correct  copies of its  charter or  organizational
documents, as amended to the date of this Agreement.

         (b)      Capital  Structure.  The authorized  capital stock of AZ Corp.
consists of 40,000,000  shares of common  stock,  par value $.001 per share (the
"AZ Corp.  Common Stock") and 10,000,000  shares of preferred  stock,  par value
$.001 per share. On the date hereof: (i) 500,509 shares of AZ Corp. Common Stock
were issued and outstanding,  (ii) no shares of AZ Corp.  Common Stock were held
by AZ Corp.  in its treasury and (iii) no shares of preferred  stock were issued
and outstanding.  All outstanding  shares of capital stock of AZ Corp. have been
duly authorized and validly issued, and are fully paid and nonassessable and not
subject to preemptive or similar  rights.  No bonds  debentures,  notes or other
indebtedness  of AZ Corp.  having  the right to vote (or  convertible  into,  or
exchangeable  for,  securities having the right to vote) on any matters on which

                                       3
<PAGE>

the stockholders of AZ Corp. may vote are issued or outstanding. Except for this
Agreement, AZ Corp. has no or, at or after the Effective Time will not have, any
outstanding option,  warrant,  call,  subscription or other right,  agreement or
commitment  which  either (i)  obligates  AZ Corp.  to issue,  sell or transfer,
repurchase, redeem or otherwise acquire or vote any shares of its capital stock,
or (ii)  restricts the voting,  disposition or transfer of shares of its capital
stock. There are no outstanding stock appreciation  rights or similar derivative
securities  or rights  of AZ Corp..  No  Person  has any  right to  require  the
registration of any shares of AZ Corp.  Common Stock or any other  securities of
AZ Corp..

         (c)      Authority:   Noncontravention.  AZ  Corp.  has  the  requisite
corporate power and authority to enter into this Agreement and to consummate the
transactions  contemplated by this Agreement. The execution and delivery of this
Agreement  by AZ Corp.  and the  consummation  by AZ Corp.  of the  transactions
contemplated  hereby have been duly authorized by all necessary corporate action
on the part of AZ Corp..  This Agreement has been duly executed and delivered by
AZ Corp.  and,  assuming  this  Agreement  constitutes  the  valid  and  binding
agreement of Colley  Corp.,  constitutes  a valid and binding  obligation  of AZ
Corp.,  enforceable  against  each of AZ Corp.  in  accordance  with its  terms,
subject   to   applicable   bankruptcy,   insolvency,   fraudulent   conveyance,
reorganization,  moratorium  and similar laws  affecting  creditors'  rights and
remedies  and  to  general   principles   of  equity   (regardless   of  whether
enforceability is considered in a proceeding at law or in equity). The execution
and delivery of this Agreement do not, and the  consummation of the transactions
contemplated  by this Agreement and compliance  with the provisions  hereof will
not, (i) conflict with any of the  provisions  of the charter or  organizational
documents  of AZ Corp.,  (ii)  subject  to the  governmental  filings  and other
matters referred to in the following sentence, conflict with, result in a breach
of or default (with or without notice or lapse of time, or both) under,  or give
rise to a right of first refusal,  termination,  cancellation or acceleration of
any  obligation  (including to pay any sum of money) or loss of a benefit under,
or require the consent of any person under,  any  indenture or other  agreement,
permit,  concession,  ground lease, franchise,  license or similar instrument or
undertaking  to  which AZ  Corp.  is a party or by which AZ Corp.  or any of its
assets are bound,  result in the creation or  imposition  of a material  Lien or
other  restriction  or  encumbrance  on any material  asset of AZ Corp.,  which,
singly or in the aggregate,  would have a AZ Corp.  Material Adverse Effect,  or
(iii) subject to the  governmental  filings and other matters referred to in the
following  sentence,  violate any domestic or foreign law, rule or regulation or
any order, writ, judgment,  injunction, decree, determination or award currently
in effect except for such violations,  which, singly or in the aggregate,  would
only have an immaterial  effect.  No consent,  approval or authorization  of, or
declaration  or filing with, or notice to, any domestic or foreign  governmental
agency or  regulatory  authority  (a  "Governmental  Entity") or any third party
which has not been  received or made, is required by or with respect to AZ Corp.
in connection  with the execution and delivery of this  Agreement by AZ Corp. or
the consummation by AZ Corp. of the transactions contemplated hereby, except for
(i) the filing of the  articles of merger with the Texas  Secretary of State and
the  Delaware  Secretary  of State  (ii)  consents,  approvals,  authorizations,
declarations,  filings  and notices  that,  if not  obtained or made,  will not,
individually or in the aggregate, result in a AZ Corp. Material Adverse Effect.

         (d)      Subsidiaries.  AZ Corp. does not own,  directly or indirectly,
any of the capital stock of any other corporation or any equity, profit sharing,
participation or other interest in any corporation,  partnership,  joint venture
or other entity.

         (e)      Intellectual  Property.  AZ  Corp.  does  not  own or use  any
trademarks,  tradenames,  service marks, patents, copyrights or any applications
with respect thereto. AZ Corp. has no knowledge of any claim that, or inquiry as
to whether,  any product,  activity or operation of AZ Corp.  infringes  upon or
involves,  or has resulted in the infringement  of, any trademarks,  tradenames,
service  marks,  patents,  copyrights or other  proprietary  rights of any other
person,  corporation or other entity;  and no proceedings  have been instituted,
are pending or are threatened with respect thereto.

                                       4
<PAGE>

         (f)      Absence of Certain Changes or Events; No Undisclosed  Material
Liabilities.  Since the date of confirmation of the Plan, AZ Corp. has conducted
its business only in the ordinary course, and there has not been (A) any change,
destruction, damage, loss or event which has had or could reasonably be expected
to have,  individually or in the aggregate,  a AZ Corp. Material Adverse Effect;
(B)  any  declaration,  setting  aside  or  payment  of any  dividend  or  other
distribution in respect of shares of AZ Corp.' capital stock, or any repurchase,
redemption or other  acquisition  by AZ Corp. of any shares of its capital stock
or equity  interests,  as  applicable;  (C) any increase in the rate or terms of
compensation payable or to become payable by AZ Corp. to its directors, officers
or key employees,  except increases occurring in the ordinary course of business
consistent with past practices or was required under any  employment,  severance
or termination agreements;  (D) any entry into, or increase in the rate or terms
of, any  bonus,  insurance,  severance,  pension  or other  employee  or retiree
benefit plan,  payment or arrangement  made to, for or with any such  directors,
officers or  employees,  except  increases  occurring in the ordinary  course of
business  consistent  with past  practices or as was required  under  employment
agreements  or  employee  or  director  benefit  plans;  (E) any entry  into any
agreement,  commitment  or  transaction  by AZ Corp.,  or  waiver,  termination,
amendment or modification to any agreement,  commitment or transaction, which is
material to AZ Corp. taken as a whole; (F) any material labor dispute  involving
the employees of AZ Corp.;  (G) any change by AZ Corp.  in  accounting  methods,
principles  or  practices  except as  required  or  permitted  by GAAP;  (H) any
write-off or write-down of, or any determination to write-off or write-down, any
asset  of AZ  Corp.  or any  portion  thereof;  (I) any  split,  combination  or
reclassification  of any of AZ Corp.' capital stock or issuance or authorization
relating to the issuance of any other securities in respect of, in lieu of or in
substitution  for shares of AZ Corp.'  capital  stock;  (J) any amendment of any
material term of any outstanding  security of AZ Corp.; (K) any loans,  advances
or capital  contributions to or investments in, any other person in existence on
the  date  hereof  made by AZ  Corp.,  other  than  to any  direct  or  indirect
wholly-owned  subsidiary;  (L) any sale or  transfer  by AZ Corp.  of any of the
assets of AZ Corp.,  cancellation  of any material  debts or claims or waiver of
any material rights by AZ Corp.; or (M) any agreements by AZ Corp. to (1) do any
of the things  described in the preceding  clauses (A) through (L) other than as
expressly contemplated or provided for herein or (2) take, whether in writing or
otherwise, any action which, if taken prior to the date of this Agreement, would
have made any representation or warranty of AZ Corp. in this Agreement untrue or
incorrect in any material respect.

         (g)      Employees.  Except  for  Timothy  P.  Halter,  AZ Corp.'  sole
officer and director,  AZ Corp. (i) has no employees,  (ii) owes no compensation
of any kind, deferred or otherwise, to any current or previous employees,  (iii)
has no written or oral employment  agreements with any officer or director of AZ
Corp. (iv) is a party to or bound by any collective bargaining agreement.  There
are  no  loans  or  other  obligations  payable  or  owing  by AZ  Corp.  to any
stockholder,  officer, director or employee of AZ Corp., nor are there any loans
or debts payable or owing by any of such persons to AZ Corp.  or any  guarantees
by AZ Corp.  of any loan or obligation of any nature to which any such person is
a party.

         (h)      Employee  Benefit  Plans.  AZ Corp.  has no (a)  non-qualified
deferred or incentive  compensation  or retirement  plans or  arrangements,  (b)
qualified  retirement  plans or arrangements,  (c) other employee  compensation,
severance or termination pay or welfare benefit plans,  programs or arrangements
or (d) any related  trusts,  insurance  contracts or other funding  arrangements
maintained,  established or contributed to by AZ Corp. (collectively,  "Employee
Benefit Plans"). AZ Corp. has no liability for a former Employee Benefit Plan or
severance liabilities.

                                       5
<PAGE>

         (i) Taxes. All Tax Returns for all periods ending on or before the
Closing Date that are or were required to be filed by, or with respect to, AZ
Corp., either separately or as a member of an affiliated group of corporations,
have been or will be filed on a timely basis in accordance with the laws,
regulations and administrative requirements of each Taxing Authority. All such
Tax Returns that have been filed on or before the Closing Date were, when filed,
and continue to be, true, correct and complete.

         (j)      Voting Requirements.  Holders of issued and outstanding shares
of AZ Corp.  Common  Stock are not entitled to vote and  otherwise  approve this
Agreement,  the Merger and any other matter or transaction  contemplated by this
Agreement.

         (k)      Compliance with Applicable Laws. AZ Corp. has and after giving
effect to the transactions  contemplated hereby will have in effect all federal,
state, local and foreign governmental approvals,  authorizations,  certificates,
filings, franchises, licenses, notices, permits and rights ("Permits") necessary
for it to own,  lease or operate its  properties  and assets and to carry on its
business as now conducted,  and to the knowledge of AZ Corp.  there has occurred
no  default  under  any such  Permit,  except  for the lack of  Permits  and for
defaults  under Permits which lack or default  individually  or in the aggregate
would not have a AZ Corp.  Material Adverse Effect. To AZ Corp.'  knowledge,  AZ
Corp.  is in compliance  with,  and has no liability or  obligation  under,  all
applicable  statutes,  laws,  ordinances,  rules,  orders and regulations of any
Governmental  Entity,  including  any  liability or  obligation to undertake any
remedial  action  under  Hazardous  Substances  Laws,  except for  instances  of
non-compliance,  liabilities  or  obligations,  which  individually  or  in  the
aggregate would only have an immaterial effect.

         (l)      Insurance.  AZ Corp. has no insurance  policies in effect.  AZ
Corp. has no outstanding insurance obligations.

         (m)      Brokers.  No broker,  investment banker,  financial advisor or
other  person,  the fees and  expenses  of which  will be paid by AZ  Corp.,  is
entitled to any broker's,  finder's, financial advisor's or other similar fee or
commission in connection  with the  transactions  contemplated by this Agreement
based upon arrangements made by or on behalf of AZ Corp..

         (n)      Litigation, etc.. As of the date hereof, (i) there is no suit,
claim,  action or proceeding (at law or in equity)  pending or, to the knowledge
of AZ Corp.,  threatened against AZ Corp.  (including,  without limitation,  any
product  liability  claims)  before  any  court or  governmental  or  regulatory
authority or body,  and (ii) AZ Corp. is not subject to any  outstanding  order,
writ, judgment, injunction, order, decree or arbitration order that, in any such
case  described  in clauses (i) and (ii),  (A) could  reasonably  be expected to
have,  individually or in the aggregate,  a AZ Corp.  Material Adverse Effect or
(B)  involves  an  allegation  of  criminal  misconduct  or a  violation  of the
Racketeer  and  Influenced  Corrupt  Practices  Act, as amended.  As of the date
hereof,  there are no suits,  actions,  claims or proceedings  pending or, to AZ
Corp.' knowledge,  threatened,  seeking to prevent,  hinder, modify or challenge
the transactions contemplated by this Agreement.

         (o)      Contracts.  AZ  Corp.  has  no  material  contracts,   leases,
arrangements or commitments  (whether oral or written) or is a party to or bound
by or affected by any contract,  lease,  arrangement or commitment (whether oral
or  written)  relating  to: (a) the  employment  of any person;  (b)  collective
bargaining with, or any  representation  of any employees by, any labor union or
association;  (c) the  acquisition  of  services,  supplies,  equipment or other
personal property;  (d) the purchase or sale of real property; (e) distribution,
agency or  construction;  (f) lease of real or  personal  property  as lessor or
lessee or  sublessor  or  sublessee;  (g)  lending or  advancing  of funds;  (h)
borrowing  of funds or  receipt of  credit;  (i)  incurring  any  obligation  or
liability; or (j) the sale of personal property.

                                       6
<PAGE>

         (p)      Unlawful  Payments and  Contributions.  To the knowledge of AZ
Corp., neither AZ Corp. nor any of its respective directors,  officers or any of
its  employees  or  agents  has (i)  used any AZ Corp.  funds  for any  unlawful
contribution,   endorsement,  gift,  entertainment  or  other  unlawful  expense
relating  to  political  activity;  (ii) made any  direct or  indirect  unlawful
payment to any  foreign or  domestic  government  official  or  employee;  (iii)
violated or is in violation of any  provision of the Foreign  Corrupt  Practices
Act of 1977,  as  amended;  or (iv) made any bribe,  rebate,  payoff,  influence
payment, kickback or other unlawful payment to any person.

         (q)      Real  Property.  AZ Corp.  neither  owns nor  leases  any real
property.

         (r)      Anti-takeover Plan: State Takeover Statutes. AZ Corp. does not
have in effect any plan, scheme, device or arrangement, commonly or colloquially
known as a "poison pill" or  "anti-takeover"  plan or any similar plan,  scheme,
device or  arrangement.  The Board of  Directors  of AZ Corp.  has  approved the
Merger and this Agreement. No other state takeover statute or similar statute or
regulation applies or purports to apply to the Merger,  this Agreement or any of
the transactions contemplated by this Agreement.

         (s)      Solicitation.   Neither  AZ  Corp.,   any  of  its   officers,
directors,  affiliates,  agents,  nor any other person  acting on its behalf has
solicited,  directly or indirectly, any person to enter into a merger or similar
business  combination   transaction  with  AZ  Corp.  by  any  form  of  general
solicitation,  including, without limitation, any advertisement, article, notice
or other communication published in any newspaper,  magazine or similar media or
broadcast  over  television or radio or any seminar or meeting  whose  attendees
have been invited by any general solicitation or general advertising.

         (t)      Disclosure.  The representations and warranties and statements
of fact made by AZ Corp. in this Agreement are, as applicable, accurate, correct
and complete and do not contain any untrue  statement of a material fact or omit
to state  any  material  fact  necessary  in order  to make the  statements  and
information contained herein not false or misleading.

         SECTION 4.2  Representations  and  Warranties of Colley  Corp..  Colley
Corp. represents and warrants to AZ Corp. as follows:

         (a)      Organization,  Standing and Corporate Power. Colley Corp. is a
corporation  duly  organized,  validly  existing and in good standing  under the
jurisdiction in which it is incorporated,  and has all requisite corporate power
and  authority  to own,  lease and  operate its  properties  and to carry on its
business substantially as now conducted, except where the failure to do so would
not have,  individually  or in the aggregate,  a Colley Corp.  Material  Adverse
Effect. For purposes of this Agreement,  the term "Colley Corp. Material Adverse
Effect" means any Material Adverse Effect with respect to Colley Corp., taken as
a whole,  or any change of effect that adversely,  or is reasonably  expected to
adversely,  effect the ability of Colley Corp.  to consummate  the  transactions
contemplated by this Agreement in any material  respect or materially  impair or
delay Colley Corp.'s ability to perform its obligations hereunder.

         (b)      Authority;   Noncontravention.  The  execution,  delivery  and
performance by Colley Corp. of this Agreement and the consummation of the Merger
by Colley Corp. has been duly  authorized by all necessary  corporate  action on
the part of Colley Corp.. This Agreement has been duly executed and delivered by
Colley Corp.  and,  assuming this  Agreement  constitutes  the valid and binding
agreement of AZ Corp. ,  constitutes  a valid and binding  obligation  of Colley
Corp.,  enforceable against such party in accordance with its terms,  subject to

                                       7
<PAGE>

applicable  bankruptcy,   insolvency,  fraudulent  conveyance,   reorganization,
moratorium  and similar  laws  affecting  creditors'  rights and remedies and to
general  principles of equity.  The execution and delivery of this  Agreement do
not, and the consummation of the transactions contemplated by this Agreement and
compliance with the provisions of this Agreement, will not (i) conflict with any
of the  provisions of the charter or  organizational  documents of Colley Corp.,
(ii) subject to the  governmental  filings and other matters  referred to in the
following  sentence,  conflict  with,  result in a breach of or default (with or
without  notice  or lapse of time,  or both)  under,  or give rise to a right of
termination,  cancellation  or  acceleration  of any  obligation  or  loss  of a
material  benefit  under,  or  require  the  consent of any  person  under,  any
indenture, or other material agreement,  permit, concession,  franchise, license
or similar  instrument  or  undertaking  to which Colley Corp.  is a party or by
which Colley Corp.  or any of its assets is bound or affected,  or (iii) subject
to the  governmental  filings and other  matters  referred  to in the  following
sentence,  contravene any law, rule or regulation, or any order, writ, judgment,
injunction,  decree,  determination  or award binding on or applicable to Colley
Corp.  and  currently  in effect,  which,  in the case of clauses (ii) and (iii)
above,  singly or in the aggregate,  would have an Colley Corp. Material Adverse
Effect. No consent, approval or authorization of, or declaration or filing with,
or notice to, any  Governmental  Entity  which has not been  received or made is
required by or with respect to Colley Corp. in connection with the execution and
delivery of this Agreement by Colley Corp. or the  consummation  by Colley Corp.
of any of the  transactions  contemplated by this Agreement,  except for (i) the
filing of the  articles  of merger  with the Texas  Secretary  of State and (ii)
consents, approvals, authorizations,  declarations, filings and notices that, if
not obtained or made, will not,  individually or in the aggregate,  result in an
Colley Corp. Material Adverse Effect.

         (c)      Capital  Structure.  The  authorized  capital  stock of Colley
Corp. consists of 1,000,000 shares of Colley Corp. Common Stock, $.01 par value.
All  outstanding  shares  of  capital  stock of  Colley  Corp.  have  been  duly
authorized  and validly  issued,  and are fully paid and  nonassessable  and not
subject to preemptive or similar rights.  No bonds,  debentures,  notes or other
indebtedness of Colley Corp.  having the right to vote (or convertible  into, or
exchangeable  for,  securities having the right to vote) on any matters on which
the stockholders of Colley Corp. may vote are issued or outstanding.  Except for
this  Agreement,  Colley Corp. does not have and, at or after the Effective Time
will not have, any  outstanding  option,  warrant,  call,  subscription or other
right, agreement or commitment which either (i) obligates Colley Corp. to issue,
sell or transfer,  repurchase, redeem or otherwise acquire or vote any shares of
the capital stock of Colley Corp., or (ii) restricts the voting,  disposition or
transfer of shares of capital  stock of Colley Corp..  There are no  outstanding
stock appreciation  rights or similar derivative  securities or rights of Colley
Corp..

         (d)      Subsidiaries.   Colley  Corp.   does  not  own,   directly  or
indirectly,  any capital  stock of any other  corporation  or any equity  profit
sharing, participation of other interest in any corporation,  partnership, joint
venture or other entity.

         (e)      No Brokers. 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 in connection  with the  transactions  contemplated by
this Agreement based upon arrangements made by or on behalf of Colley Corp..

         (f)      Intellectual  Property.  Colley Corp.  does not own or use any
trademarks,  tradenames,  service marks, patents, copyrights or any applications
with respect thereto.

                                       8
<PAGE>

         (g)      Absence of Certain Changes or Events; No Undisclosed  Material
Liabilities.  Since the date of its  inception,  Colley Corp.  has conducted its
business  only in the  ordinary  course,  and  there  has not been  any  change,
destruction, damage, loss or event which has had or could reasonably be expected
to have,  individually  or in the aggregate,  an Colley Corp.  Material  Adverse
Effect.

         (h)      Employees.  Except for Richard B. Goodner, Colley Corp. has no
other employees.

         (i)      Employee Benefit Plans.  Colley Corp. has no (a) non-qualified
deferred or incentive  compensation  or retirement  plans or  arrangements,  (b)
qualified  retirement  plans or arrangements,  (c) other employee  compensation,
severance or termination pay or welfare benefit plans,  programs or arrangements
or (d) any related  trusts,  insurance  contracts or other funding  arrangements
maintained, established or contributed to by Colley Corp. (collectively, "Colley
Corp.  Employee  Benefit  Plans").  Colley Corp.  has no liability  for a former
Colley Corp. Employee Benefit Plan or severance liabilities.

         (j)      Taxes All Tax Returns for all periods  ending on or before the
Closing  Date that are or were  required  to be filed by,  or with  respect  to,
Colley  Corp.,  either  separately  or as a  member  of an  affiliated  group of
corporations,  have been or will be filed on a timely basis in  accordance  with
the laws, regulations and administrative  requirements of each Taxing Authority.
All such Tax Returns  that have been filed on or before the  Closing  Date were,
when filed, and continue to be, true, correct and complete.

         (k)      Voting Requirements.  Holders of issued and outstanding shares
of capital  stock or other  securities  of Colley Corp.  are entitled to vote or
otherwise approve this Agreement,  the Merger or any other matter or transaction
contemplated by this Agreement.

         (l)      Compliance  with Applicable  Laws.  Colley Corp. has and after
giving effect to the  transactions  contemplated  hereby will have in effect all
federal,  state,  local  and  foreign  governmental  approvals,  authorizations,
certificates,   filings,  franchises,  licenses,  notices,  permits  and  rights
("Permits")  necessary for it to own, lease or operate its properties and assets
and to carry on its business as now  conducted,  and to the  knowledge of Colley
Corp.  there has occurred no default under any such Permit,  except for the lack
of Permits and for defaults under Permits which lack or default  individually or
in the  aggregate  would not have a Colley Corp.  Material  Adverse  Effect.  To
Colley  Corp.'s  knowledge,  Colley Corp.  is in  compliance  with,  and have no
liability or obligation under, all applicable statutes, laws, ordinances, rules,
orders and regulations of any  Governmental  Entity,  including any liability or
obligation to undertake any remedial  action under  Hazardous  Substances  Laws,
except for  instances  of  non-compliance,  liabilities  or  obligations,  which
individually or in the aggregate would only have an immaterial effect.

         (m)      Insurance.  Colley Corp. has no insurance policies in place.

         (n)      Brokers.  No broker,  investment banker,  financial advisor or
other person,  the fees and expenses of which will be paid by Colley  Corp.,  is
entitled to any broker's,  finder's, financial advisor's or other similar fee or
commission in connection  with the  transactions  contemplated by this Agreement
based upon arrangements made by or on behalf of Colley Corp..

         (o)      Litigation, etc.. As of the date hereof, (i) there is no suit,
claim,  action or proceeding (at law or in equity)  pending or, to the knowledge
of Colley Corp., threatened against Colley Corp. (including, without limitation,
any product  liability  claims) before any court or  governmental  or regulatory
authority  or body,  and (ii) Colley  Corp.  is not  subject to any  outstanding
order, writ, judgment,  injunction,  order, decree or arbitration order that, in
any such case  described  in  clauses  (i) and (ii),  (A)  could  reasonably  be
expected to have,  individually  or in the aggregate,  an Colley Corp.  Material
Adverse  Effect or (B)  involves  an  allegation  of  criminal  misconduct  or a
violation of the Racketeer and Influenced Corrupt Practices Act, as amended.  As
of the date hereof, there are no suits,  actions,  claims or proceedings pending
or, to Colley Corp.'s knowledge,  threatened, seeking to prevent, hinder, modify
or challenge the transactions contemplated by this Agreement.

                                       9
<PAGE>

         (p)      Contracts.   Colley  Corp.   is  not  bound  by  any  material
contracts, leases, arrangements or commitments (whether oral or written) or is a
party  to or  bound  by or  affected  by any  contract,  lease,  arrangement  or
commitment  (whether  oral or written)  relating to: (a) the  employment  of any
person;  (b) collective  bargaining with, or any representation of any employees
by, any labor union or association;  (c) the acquisition of services,  supplies,
equipment or other personal property; (d) the purchase or sale of real property;
(e) distribution, agency or construction; (f) lease of real or personal property
as lessor or lessee or  sublessor  or  sublessee;  (g) lending or  advancing  of
funds; (h) borrowing of funds or receipt of credit; (i) incurring any obligation
or liability; or (j) the sale of personal property.

         (q)      Unlawful  Payments  and  Contributions.  To the  knowledge  of
Colley Corp., neither Colley Corp. nor any of its directors,  officers or any of
their respective employees or agents has (i) used any Colley Corp. funds for any
unlawful  contribution,  endorsement,  gift,  entertainment  or  other  unlawful
expense  relating  to  political  activity;  (ii) made any  direct  or  indirect
unlawful  payment to any foreign or domestic  government  official or  employee;
(iii)  violated or is in  violation  of any  provision  of the  Foreign  Corrupt
Practices  Act of 1977,  as  amended;  or (iv) made any bribe,  rebate,  payoff,
influence payment, kickback or other unlawful payment to any person.

         (r)      Real Property.  Colley Corp.  neither owns nor leases any real
property.

         (s)      Anti-takeover Plan: State Takeover Statutes. Colley Corp. does
not have in  effect  any  plan,  scheme,  device  or  arrangement,  commonly  or
colloquially  known as a "poison  pill" or  "anti-takeover"  plan or any similar
plan, scheme, device or arrangement.  The Board of Directors of Colley Corp. has
approved  the Merger and this  Agreement.  No other  state  takeover  statute or
similar statute or regulation  applies or purports to apply to the Merger,  this
Agreement or any of the transactions contemplated by this Agreement.

         (t)      Solicitation.  Neither  Colley  Corp.,  any of  its  officers,
directors,  affiliates,  agents,  nor any other person  acting on its behalf has
solicited,  directly or indirectly, any person to enter into a merger or similar
business  combination  transaction  with  Colley  Corp.  by any form of  general
solicitation,  including, without limitation, any advertisement, article, notice
or other communication published in any newspaper,  magazine or similar media or
broadcast  over  television or radio or any seminar or meeting  whose  attendees
have been invited by any general solicitation or general advertising.

         (u)      Disclosure.  The representations and warranties and statements
of fact made by Colley Corp. in this  Agreement  are, as  applicable,  accurate,
correct and complete and do not contain any untrue  statement of a material fact
or omit to state any material fact necessary in order to make the statements and
information contained herein not false or misleading.

                                       10
<PAGE>

                                    ARTICLE V

                                    COVENANTS

         SECTION  5.1 Other  Actions.  AZ Corp.  shall not take any action  that
would,  or that  could  reasonably  be  expected  to,  result  in (i) any of the
representations  and  warranties set forth in Section 4.1 of this Agreement that
are   qualified  as  to   materiality   becoming   untrue,   (ii)  any  of  such
representations  and warranties that are not so qualified becoming untrue in any
material  respect,  or (iii) any of the  conditions  of the  Merger set forth in
Article VII not being  satisfied.  Colley  Corp.  shall not take any action that
would,  or that  could  reasonably  be  expected  to,  result  in (i) any of the
representations  and  warranties set forth in Section 4.2 of this Agreement that
are   qualified  as  to   materiality   becoming   untrue,   (ii)  any  of  such
representations  and warranties that are not so qualified becoming untrue in any
material  respect,  or (iii) any of the  conditions  of the  Merger set forth in
Article VII not being satisfied.

                                   ARTICLE VI

                              ADDITIONAL AGREEMENTS

         SECTION  6. 1  Access  to  Information;  Confidentiality.  Each  of the
parties  hereto shall afford the other party,  and such other party's  officers,
employees,  counsel,  financial  advisors and other  representatives  reasonable
access  during  normal  business  hours during the period prior to the Effective
Time to all its owned and leased  properties  (including  as required to perform
any  environmental  studies or reviews of such  properties),  books,  contracts,
commitments, tax returns, personnel and records and, during such period, furnish
as promptly as  practicable  to the  requesting  party,  its counsel,  financial
advisors and other  representatives,  such information  concerning its business,
properties, financial condition, operations and personnel as it may from time to
time reasonably  request.  Any such access or investigation shall not affect the
representations  or warranties  made by such party  contained in this Agreement.
Except as required by law, each of the parties shall hold,  and will cause their
respective  directors,  officers,  partners,  employees,  accountants,  counsel,
financial  advisors  and  other  representatives  and  affiliates  to hold,  any
non-public information obtained from the other party in confidence.

         SECTION 6.2 Reasonable Best Efforts.  Upon the terms and subject to the
conditions and other agreements set forth in this Agreement, each of the parties
agrees to use its  reasonable  best efforts to take,  or cause to be taken,  all
actions,  and to do, or cause to be done,  and to assist and cooperate  with the
other parties in doing, all things necessary,  proper or advisable to consummate
and make effective,  in the most expeditious manner practicable,  the Merger and
the  other   transactions   contemplated  by  this   Agreement,   including  the
satisfaction of the respective conditions set forth in Article VII.

         SECTION 6.3 Indemnification. (a) AZ Corp. shall, and from and after the
Effective Time,  indemnify,  defend and hold harmless each person who is now, or
has  been at any  time  prior to the date  hereof  or who  becomes  prior to the
Effective  Time, an officer or director of either Colley Corp. or AZ Corp.  (the
"Indemnified  Parties") against all losses,  claims,  damages,  costs,  expenses
(including reasonable attorneys' fees and expenses), liabilities or judgments or
amounts that are paid in settlement with the approval of the indemnifying  party
of or  in  connection  with  any  threatened  or  actual  claim,  action,  suit,
proceeding or investigation based on or arising out of the fact that such person
is or was a director or officer of Colley Corp. or AZ Corp.  whether  pertaining
to any  matter  existing  or  occurring  at or prior to the  Effective  Time and
whether  asserted  or  claimed  prior  to, or at or after,  the  Effective  Time
("Indemnified Liabilities"),  including all Indemnified Liabilities based on, or
arising out of, or pertaining to this Agreement or the transactions contemplated
hereby,  in each case, to the full extent a corporation  is permitted  under the
DGCL , respectively, to indemnify directors or officers.

                                       11
<PAGE>

         (b)      Without  limiting the foregoing,  in the event any such claim,
action,  suit,  proceeding or  investigation  is brought against any Indemnified
Parties   (whether  arising  before  or  after  the  Effective  Time),  (i)  the
Indemnified  Parties may retain counsel  satisfactory to them and AZ Corp. shall
pay all fees and expenses of such counsel for the Indemnified  Parties  promptly
as statements therefore are received; and (ii) AZ Corp. shall use all reasonable
efforts to assist in the vigorous  defense of any such matter,  provided that AZ
Corp. shall not be liable for any settlement  effected without its prior written
consent.  Any  Indemnified  Party  wishing to claim  indemnification  under this
Section  6.3,  upon  learning of any such claim,  action,  suit,  proceeding  or
investigation,  shall  notify AZ Corp.  (but the failure so to notify  shall not
relieve a party from any  liability  which it may have under  this  Section  6.3
except to the extent such failure  prejudices such party),  and shall deliver to
AZ Corp. the undertaking  contemplated by the applicable  Sections of the DGCL .
The  Indemnified  Parties as a group may retain  only one law firm to  represent
them with  respect  to each  such  matter  unless  there  is,  under  applicable
standards of professional  conduct,  a conflict on any significant issue between
the positions of any two or more Indemnified Parties.  Colley Corp. and AZ Corp.
agree that all  rights to  indemnification,  including  provisions  relating  to
advances  of  expenses  incurred  in defense of any action or suit,  existing in
favor of the Indemnified  Parties with respect to matters  occurring through the
Effective  Time,  shall survive the Merger and shall  continue in full force and
effect  for a period  of not less  than  four  years  from the  Effective  Time;
provided,  however,  that  all  rights  to  indemnification  in  respect  of any
Indemnified Liabilities asserted or made within such period shall continue until
the disposition of such Indemnified Liabilities.

         (c)      The  provisions of this Section 6.3 are intended to be for the
benefit of, and shall be  enforceable  by, each  Indemnified  Party,  his or her
heirs and his or her  personal  representatives  and shall be  binding  upon all
successors and assigns of AZ Corp. and Colley Corp..

         SECTION 6.4 Public Announcements.  AZ Corp. on the one hand, and Colley
Corp.,  on the other hand,  will  consult with each other  before  issuing,  and
provide each other the opportunity to review and comment upon, any press release
or other public statements with respect to the transactions contemplated by this
Agreement,  including the Merger,  and shall not issue any such press release or
make any such  public  statement  prior to such  consultation,  except as may be
required by  applicable  law,  court process or by  obligations  pursuant to any
listing agreement with any national  securities  exchange or automated quotation
system.

         SECTION 6.5 Consents,  Approvals and Filings.  (a) Colley Corp., on one
hand, and AZ Corp., on the other hand, will make all necessary filings,  as soon
as practicable, in order to facilitate prompt consummation of the Merger and the
other transactions contemplated by this Agreement. In addition, Colley Corp. and
AZ Corp. will each use their  reasonable best efforts,  and will cooperate fully
with each other (i) to comply as promptly as practicable  with all  governmental
requirements applicable to the Merger and the other transactions contemplated by
this  Agreement;  and (ii) to obtain as promptly as  practicable  all  necessary
permits,  orders or other consents of Governmental  Entities and consents of all
third  parties  necessary  for the  consummation  of the  Merger  and the  other
transactions  contemplated by this Agreement.  Each of Colley Corp. and AZ Corp.
shall use reasonable  efforts to provide such information and  communications to
Governmental Entities as such Governmental Entities may reasonably request.

         (b)      Each of the parties shall provide to the other party copies of
all  applications  in advance of filing or  submission of such  applications  to
Governmental  Entities  in  connection  with this  Agreement,  and copies of all
correspondence with such Governmental  Entities,  and shall keep all the parties
timely apprized of the status of the foregoing.

                                       12
<PAGE>

         SECTION 6.6 Resignations. On the Closing Date, AZ Corp. shall cause the
directors  and  officers  of AZ Corp.  to submit  their  resignations  from such
positions, effective as of the Effective Time.

                                   ARTICLE VII

                              CONDITIONS PRECEDENT

         SECTION  7.1  Conditions  to  Obligations  of Each  Party to Effect the
Merger.  The  respective  obligations of each party hereto to effect the Closing
shall be  subject  to the  fulfillment  on or prior to the  Closing  Date of the
condition  that no order shall have been  entered and  remained in effect in any
action or proceeding before any foreign,  federal or state court or governmental
agency or other foreign, federal or state regulatory or administrative agency or
commission  that  would  prevent  or  make  illegal  the   consummation  of  the
transactions contemplated hereby.

                                  ARTICLE VIII

                        TERMINATION, AMENDMENT AND WAIVER

         SECTION 8.1  Termination.  This  Agreement  may be  terminated  and the
transactions  contemplated  hereby  may be  abandoned  at any time  prior to the
Effective Time, in any one of the following circumstances:

                  (i)      By mutual  written  consent  of AZ Corp.  and  Colley
                  Corp..

                  (ii)     By AZ Corp. or Colley Corp., if (x) any Statute, rule
                  or regulation  shall have been promulgated by any Governmental
                  Entity  prohibiting  or  restricting  the  Merger  or (y)  any
                  federal  or state  court of  competent  jurisdiction  or other
                  Governmental  Entity  shall  have  issued an order,  decree or
                  ruling,  or taken any other  action  permanently  restraining,
                  enjoining or otherwise  prohibiting the Merger and such order,
                  decree,  ruling or other  action  shall have become  final and
                  non-appealable;  provided, that a party may not terminate this
                  Agreement pursuant to this clause (iii) if it has not complied
                  with its obligations under Section 6.2.

         SECTION 8.2 Effect of Termination.  In the event of the termination and
abandonment  of this  Agreement  pursuant to Section 8.1 hereof,  this Agreement
(except for the  provisions  of Sections  6.4,  this Section 8.2, and Article IX
shall  forthwith  become void and have no effect,  without any  liability on the
part of any party hereto or its directors,  officers or stockholders;  provided,
however,  that  nothing  in this  Section  8.2 shall  relieve  any party to this
Agreement or liability for any willful or intentional breach of this Agreement.

         SECTION 8.3  Amendment.  Subject to the  applicable  provisions  of the
DGCL, at any time prior to the Effective  Time, the parties hereto may modify or
amend this  Agreement,  by written  agreement  executed  and  delivered  by duly
authorized officers of the respective parties. This Agreement may not be amended
except by an instrument in writing signed on behalf of each of the parties.

         SECTION 8.4 Extension; Waiver. At any time prior to the Effective Time,
the  parties  may  (a)  extend  the  time  for  the  performance  of  any of the
obligations or other acts of the other parties,  (b) waive any  inaccuracies  in
the  representations  and  warranties  of the other  parties  contained  in this
Agreement or in any document delivered pursuant to this Agreement or (c) subject
to Section 8.3, waive compliance with any of the agreements or conditions of the
other parties contained in this Agreement.  Any agreement on the part of a party
to any  such  extension  or  wavier  shall  be  valid  only if set  forth  in an
instrument in writing  signed on behalf of such party.  The failure of any party
to this  Agreement to assert any of its rights under this Agreement or otherwise
shall not constitute a waiver of such rights.

                                       13
<PAGE>

         SECTION 8.5 Procedure for Termination,  Amendment, Extension or Waiver.
A termination of this Agreement  pursuant to Section 8.1 hereof, an amendment of
this Agreement pursuant to Section 8.3 hereof or an extension or waiver pursuant
to Section 8.4 hereof shall,  in order to be  effective,  require by AZ Corp. or
Colley  Corp.,  as the case may be, action by its Board of Directors or the duly
authorized committee or designee of its Board of Directors.

                                   ARTICLE IX

                               GENERAL PROVISIONS

         SECTION 9.1 Nonsurvival of  Representations  and Warranties.  Except as
otherwise  contemplated  herein,  none of the  representations and warranties in
this Agreement or in any instrument  delivered  pursuant to this Agreement shall
survive the  Effective  Time.  This  Section 9.1 shall not limit any covenant or
agreement of the parties, which by its terms contemplates  performance after the
Effective Time.

         SECTION  9.2 Fees and  Expenses.  Each party  hereto  shall pay its own
expenses  incident  to  preparing  for,  entering  into  and  carrying  out this
Agreement and the consummation of the transactions contemplated hereby.

         SECTION 9.3 Definitions.  For purposes of this Agreement, and except as
otherwise defined in this Agreement:

         (a)      "Affiliate"  of any person means another  person that directly
or indirectly,  through one or more intermediaries,  controls, is controlled by,
or is under common control with, such first person;

         (b)      "Business  Day" means any day other than  Saturday,  Sunday or
any other day on which banks in the City of Los  Angeles,  Texas are required or
permitted to close;

         (c)      "Code"  shall  mean the  Internal  Revenue  Code of  1986,  as
amended;

         (d)      "Income  Taxes"  means (i)  foreign,  federal,  state or local
income or  franchise  taxes or other  taxes  imposed  on or with  respect to net
income or capital,  together  with any interest or penalties or additions to tax
imposed with respect thereto,  and (ii) any obligations  under any agreements or
arrangements with respect to any taxes described in clause (i) above.

         (e)      "Income Tax Returns"  means foreign,  federal,  state or local
Tax Returns  required to be filed with any Taxing  Authority that include any of
AZ Corp. or the Subsidiaries that pertain to Income Taxes;

                                       14
<PAGE>

         (f)      "Liability"  means, as to any Person,  all debts,  liabilities
and  obligations,  direct,  indirect,  absolute or  contingent  of such  Person,
whether  accrued,  vested or otherwise,  whether known or unknown and whether or
not actually reflected,  or required in accordance with GAAP to be reflected, in
such Person's balance sheet.

         (g)      "Liens" means,  collectively,  all material  pledges,  claims,
liens,  charges,  mortgages,  conditional  sale or title  retention  agreements,
hypothecations,  collateral assignments, security interests, easements and other
encumbrances of any kind or nature whatsoever;

         (h)      "Material  Adverse  Effect"  with  respect any person means an
event that has had or would  reasonably  be expected to have a material  adverse
effect on the  business,  financial  condition or results of  operations of such
person and its Subsidiaries taken as a whole;

         (i)      "Person" means an individual, corporation,  partnership, joint
venture, association, trust, unincorporated organization or other entity;

         (j)      "Plan" means AZ Corp.'s  Amended Joint Plan of  Reorganization
dated as of November 15, 1999,  as modified and  confirmed by the United  States
Bankruptcy  Court,  Central District of California (Los Angeles Division) - Case
No. LA-97-46094-ER.

         (k)      "Tax" or "Taxes" means (i) any and all taxes (whether federal,
state,  local  or  foreign),  including,  without  limitation,  gross  receipts,
profits, sales, use, occupation,  value added, ad valorem, transfer,  franchise,
withholding,  payroll, employment,  excise, or property taxes, together with any
interest,  penalties or  additions to tax imposed with respect  thereto and (ii)
any obligations  under any agreements or arrangements  with respect to any taxes
described in clause (i) above;

         (l)      "Taxing Authority" means any governmental authority,  domestic
or foreign, having jurisdiction over the assessment, determination,  collection,
or other imposition of any Tax; and

         (m)      "Tax Returns" means returns,  reports and forms required to be
filed with any Taxing Authority.

         SECTION 9.4 Notices. All notices,  requests,  claims, demands and other
communications  under this  Agreement  shall be in  writing  and shall be deemed
given if delivered  personally or sent by overnight courier  (providing proof of
delivery) to the parties at the  following  addresses  (or at such other address
for a party as shall be specified by like notice):

         If to AZ Corp.:
                           AZ Corp. Acquisition Corp.
                           c/o Halter Financial Group, Inc.
                           One Panorama Center
                           7710 Las Colinas Ridge, Suite 250
                           Irving, Texas 75063
                           Attention:      Timothy P. Halter
                           Telecopy:       (972) 233-0388

         If to Colley Corp.:
                           Colley Corp., Inc.
                           6608 Emerald Drive
                           Colleyville, Texas 76038
                           Attention:      Richard B. Goodner

                                       15
<PAGE>

         SECTION 9.5 Interpretation.  When a reference is made in this Agreement
to a Section or Schedule, such reference shall be to a Section of, or a Schedule
to,  this  Agreement  unless  otherwise  indicated.  The table of  contents  and
headings  contained in this Agreement are for reference  purposes only and shall
not affect in any way the meaning or interpretation of this Agreement.  Whenever
the words "include",  "includes" or "including" are used in this Agreement, they
shall be deemed to be followed by the words "without limitation".

         SECTION 9.6 Counterparts. This Agreement may be executed in two or more
counterparts,  all of which shall be considered  one and the same  agreement and
shall become effective when one or more counterparts have been signed by each of
the parties and delivered to the other parties.

         SECTION 9.7 Entire Agreement: Third-Party Beneficiaries. This Agreement
constitutes  the entire  agreement,  and  supersedes  all prior  agreements  and
understandings,  both  written and oral,  among the parties  with respect to the
subject matter of this Agreement.  This Agreement is not intended to confer upon
any person  other than the  parties  hereto  and the third  party  beneficiaries
referred  to in the  following  sentence,  any rights or  remedies.  The parties
hereto  expressly  intend the provisions of Section 6.3 to confer a benefit upon
and be enforceable by, as third party beneficiaries of this Agreement, the third
persons referred to in, or intended to be benefited by, such provisions.

         SECTION 9.8  GOVERNING  LAW. THIS  AGREEMENT  SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE  WITH, THE LAWS OF THE STATE OF DELAWARE,  REGARDLESS OF
THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OF
LAWS THEREOF.

         SECTION 9.9  Assignment.  Neither this Agreement nor any of the rights,
interests or obligations under this Agreement shall be assigned,  in whole or in
part,  by operation of law or otherwise by any of the parties  without the prior
written  consent  of the  other  parties,  and any such  assignment  that is not
consented to shall be null and void.  Subject to the  preceding  sentence,  this
Agreement will be binding upon,  inure to the benefit of, and be enforceable by,
the parties and their respective successors and assigns.

         SECTION 9.10  Enforcement.  The parties agree that  irreparable  damage
would occur in the event that any of the  provisions of this  Agreement were not
performed in accordance with their specific terms or were otherwise breached. It
is  accordingly  agreed that the parties  shall be entitled to an  injunction or
injunctions to prevent  breaches of this  Agreement and to enforce  specifically
the terms and  provisions  of this  Agreement in any court of the United  States
located in the State of Delaware,  this being in addition to any other remedy to
which they are entitled at law or in equity.

         SECTION 9.11 Severability. Whenever possible, each provision or portion
of any provision of this  Agreement  will be interpreted in such manner as to be
effective and valid under  applicable law but if any provision or portion of any
provision of this Agreement is held to be invalid,  illegal or  unenforceable in
any respect under any applicable law or rule in any jurisdiction, so long as the
economic  or legal  substance  of the  transactions  contemplated  hereby is not
affected  in any  manner  materially  adverse  to any  party,  such  invalidity,
illegality or unenforceability will not affect any other provision or portion of
any  provision  in such  jurisdiction,  and  this  Agreement  will be  reformed,
construed  and  enforced in such  jurisdiction  as if such  invalid,  illegal or
unenforceable  provision or portion of any  provision  had never been  contained
herein.

                            [Signature page follows]

                                       16
<PAGE>

         IN  WITNESS  WHEREOF,  AZ Corp.  and  Colley  Corp.  have  caused  this
Agreement to be signed in multiple  counterparts  by their  respective  officers
thereunto duly authorized, all as of the date first written above.

AZ ACQUISITION CORP.

By:  /s/ Timothy P. Halter
   -----------------------------------------
         Name:    Timothy P. Halter
         Title:   President

COLLEY CORPORATION

By:  /s/ Richard B. Goodner
   -----------------------------------------
         Name:    Richard B. Goodner
         Title:   President

                                       17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]