Document:

Unassociated Document

     

    

    PROMISSORY
      NOTE

    

    

    
      	
              $750,000.00
                

            	
              September
                19, 2006

            

    

    

    FOR
      VALUED RECEIVED, Identica Holdings Corporation, a Nevada corporation ("Payor"),
      promises to pay to Marchco Management Inc., an Ontario, Canada corporation
      ("Payee") at 100 York Blvd., Richmond Hill, Ontario Canada L4B 1J5 or at such
      other place as Payee may from time to time designate in writing, the principal
      sum of Seven Hundred Fifty Thousand ($7500,000.00) Dollars, or the aggregate
      unpaid principal amount of all advances made by Lender to Borrower pursuant
      to
      the terms of a Line of Credit Agreement (the “Loan Agreement”) of even date
      herewith, whichever is less, together with interest thereon from the date each
      advance is made until paid in full, at the rate of eight percent (8%) per annum,
      simple interest.

    

    The
      entire unpaid principal balance, together with any accrued interest and other
      unpaid charges or fees hereunder, shall be immediately due and payable on the
      Maturity Date (all capitalized terms not otherwise defined herein shall have
      the
      meanings ascribed to such terms in the Loan Agreement). Payor may prepay
      principal and accrued interest thereon at any time without penalty or
      premium.

    

    Any
      of
      the following events shall constitute an “Event of Default” under this Note: (a)
      failure to pay any principal or interest hereunder within fifteen (15) business
      days after written notice by Payee of Payor’s failure to make such payment when
      due; and (b) filing by or against Payor, as the case may be, of a voluntary
      or
      involuntary petition in bankruptcy seeking reorganization, arrangement or
      readjustment of debts, or any other relief under the Bankruptcy Code as amended
      or under any other insolvency act or law, state or federal, now or hereafter
      existing.

    

    Upon
      the
      occurrence of an Event of Default, Payee may declare the entire unpaid principal
      balance, together with accrued interest thereon, to be immediately due and
      payable without presentment, demand, protest, or other notice of any kind.
      To
      the extent permitted by law, Payor waives any rights to presentment, demand,
      protest, or notice of any kind in connection with this Agreement. No failure
      or
      delay on the part of Payee in exercising any right, power, or privilege
      hereunder will preclude any other or further exercise thereof or the exercise
      of
      any other right, power, or privilege. The rights and remedies provided herein
      are cumulative and not exclusive of any other rights or remedies provided at
      law
      or in equity. 

    

    This
      Note
      may be prepaid by Payor, in whole or in part, at any time without penalty or
      premium.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    This
      Note
      shall be construed, performed, and enforced in accordance with the laws of
      the
      State of Nevada, without giving effect to principles of conflict of
      laws.

    

    This
      Note
      shall be binding upon and inure to the benefit of Payor and Payee and their
      permitted successors and assigns.

    

    

    IN
      WITNESS WHEREOF, Payor has executed this Promissory Note the day and year first
      above written.

    

    

    
      	 	
              IDENTICA
                HOLDINGS CORPORATION

            
	 	 
	 	 
	 	
              By:
                /s/ Ed
                Foster                                                     
                

            
	 	
              Name:
                Ed Foster

            
	 	
              Title:  
                Chief Executive Officer

            

    

    

    
      
        
        

      

      
        2Unassociated Document

    
      	 American
              Biometrics and Security, Inc. 	
              Identica
                Corp.

            

    

    
 

    ASSET
      PURCHASE AGREEMENT

     

    This
      Agreement entered into this the 25
      day of
      April, 2005
      by
American
      Biometrics and Security, Inc.,
      a
      Florida corporation (hereinafter "Seller"), and Identica
      Corp.,
      an
      Ontario, Canada corporation (hereinafter "Buyer").

     

    WHEREAS,
      Seller
      operates a business engaged primarily in the selling of security devices;
      and

     

    WHEREAS,
      Seller
      owns equipment, inventory, contract rights, and miscellaneous assets used in
      connection with the operations of its business; and

     

    WHEREAS,
      Buyer
      desires to acquire substantially all of the assets used or useful, or intended
      to be used in the operation of Seller’s business and Seller desires to sell such
      assets to Buyer; and

     

    WHEREAS,
      all
      monies referenced and described herein are expressed as United States Currency;
      and

     

    WHEREAS,
      the
      Selling Shareholder is the sole shareholder of Seller;

     

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

     

    
      
        SECTION
          1.  ASSETS
          PURCHASED; LIABILITIES ASSUMED

      

    

     

    
      	
              1.1

            	
              ASSETS
                PURCHASED. Seller
                agrees to sell to Buyer and Buyer agrees to purchase from Seller,
                on the
                terms and conditions set forth in this Agreement the following assets
                ("Assets"):

            

    

     

    
      	 	
              1.1.1

            	
              All
                right title and interest in the exclusive distribution agreement
                dated
                September 20, 2004 between Seller and TechSphere Co., Ltd., of Seoul,
                Korea;

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          1 of 16

        
          

        

      

      
         

      

    

    
      	 American
              Biometrics and Security, Inc. 	
              Identica
                Corp.

            

    

    

     

    
      	 	
              1.1.2

            	
              All
                inventories and supplies as listed in Schedule “A” owned by Seller
                together with any replacements or additions to the inventories made
                prior
                to the closing date, but excluding inventory disposed of in the ordinary
                course of Seller's business;

            

    

     

    
      	 	
              1.1.3

            	
              Seller’s
                Accounts Receivable;

            

    

     

    
      	 	
              1.1.4

            	
              Seller's
                goodwill;

            

    

     

    
      	 	
              1.1.5

            	
              Seller’s
                Customer Lists;

            

    

     

    
      	 	
              1.1.6

            	
              Seller’s
                Pending Orders at the time of
                Closing;

            

    

     

    
      	 	
              1.1.7

            	
              All
                rights contained in Seller’s resellers’ agreements Listed in Schedule
                “B”.

            

    

     

    
      	
              1.2

            	
              NO
                ASSUMPTION OF LIABILITIES.
                Buyer shall not
                be
                responsible for any unfilled orders from customers of Seller nor
                shall
                Buyer assume responsibility for payment of other obligations of Seller,
                including but not limited to, Seller's obligations under any lease,
                contract or account except for: (1) the Shareholder’s Loan with regards to
                a refundable deposit between Seller and TechSphere of Korea in the
                amount
                of one hundred and twenty thousand (120,000) dollars and agreed to
                refundable expenses of ten (10) thousand dollars both payable by
                Seller to
                Mr. David Clayden; (2) any liabilities relating to Seller’s resellers’
                agreements listed in Schedule “B”; and, (3) any additional assumed
                liabilities listed in Schedule “C”.

            

    

     

    SECTION
      2. EXCLUDED
      ASSETS

     

    Excluded
      from this sale and purchase are Seller's cash, notes receivable, prepaid
      accounts and any and all other assets except those listed in Schedule
      "A".

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          2 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    SECTION
      3. PURCHASE
      PRICE FOR ASSETS

     

    The
      purchase price for the assets shall be forty (40) percent of the fully diluted
      shares of Identica Corp. (“Shares”) and repayment of Seller’s debt to David
      Clayden per Section 4 below.

     

    SECTION
      4. PAYMENT
      OF PURCHASE PRICE

     

    The
      price
      for the Assets shall be paid as follows:

     

    
      	
              4.1

            	
              Upon
                closing, forty (40) percent of the Shares of Seller and the sum of
                forty
                thousand (40,000) dollars;

            

    

     

    
      	
              4.2

            	
              Within
                ninety (90) days of closing, Buyer shall pay to Seller a further
                sum of
                thirty thousand (30,000) dollars;

            

    

     

    
      	
              4.3

            	
              Within
                ninety (90) days following the payment made in paragraph 4.2 above,
                Buyer
                shall pay to Seller an additional sum of thirty thousand (30,000)
                dollars;

            

    

     

    
      	
              4.4

            	
              Within
                ninety (90) days following the payment made in paragraph 4.3 above,
                Buyer
                shall pay to Seller the final sum of thirty thousand (30,000)
                dollars;

            

    

     

    
      	
              4.5

            	
              The
                parties agree that amounts due hereunder shall be net amounts due
                to
                Seller without regard to any interest whatsoever, whether actual,
                imputed
                or implied.

            

    

     

    SECTION
      5. OTHER
      AGREEMENTS

     

    At
      closing, the parties shall execute the following additional
      agreements:

     

    
      	
              5.1

            	
              The
                non-competition agreement between Buyer and Seller and Seller’s
                Shareholder;

            

    

     

    
      	
              5.3

            	
              The
                Consulting Agreement between Buyer and Seller’s
                Shareholder.

            

    

     

    

     

    SECTION
      6. SELLER'S
      AND SELLING SHAREHOLDERS’ REPRESENTATIONS AND
      WARRANTIES

     

    
      	
              6.1

            	
              CORPORATE
                EXISTENCE.
                Seller is now and on the date of closing will be a corporation duly
                organized and validly existing and in good standing under the laws
                of the
                State of Florida. Seller has all requisite corporate power and authority
                to own, operate and/or lease the assets, as the case may be, and
                to carry
                on its business as now being
                conducted.

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          3 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    
      	6.2	
              AUTHORIZATION. 
                The execution, delivery and performance of this Agreement have been
                duly
                authorized and approved by the Board of Directors and the Shareholder
                of
                Seller, and this Agreement constitutes a valid and binding agreement
                of
                Seller in accordance with its
                terms.

            

    

     

    
      	6.3	
              TITLE
                TO ASSETS. 
                Except as described in this Agreement, Seller holds good and marketable
                title to the assets, free and clear of restrictions on or conditions
                to
                transfer or assign, and free and clear of liens, pledges, charges
                or
                encumbrances, except that Seller shall provide an agreement from
                TechSphere Co., Ltd. (“TechSphere”) for the assignment to Buyer of all
                rights currently within the TechSphere distribution agreement with
                Seller.

            

    

     

    
      	
              6.4

            	
              BROKERS
                AND FINDERS.
                Neither Seller nor Selling Shareholder has employed any broker or
                finder
                in connection with the transaction contemplated by this Agreement
                or taken
                action that would give rise to valid claims against any party for
                a
                brokerage commission, finder's fee or other like
                payment.

            

    

     

    
      	
              6.5

            	
              TRANSFER
                NOT SUBJECT TO ENCUMBRANCES OR THIRD PARTY APPROVAL. The
                execution and delivery of this Agreement by Seller and Selling
                Shareholder, and the consummation of the contemplated transactions,
                will
                not result in the creation or imposition of any valid lien, charge
                or
                encumbrance on any of the assets, and will not require the authorization,
                consent, or approval of any third party, including any governmental
                division or regulatory agency, except that Seller shall provide an
                agreement from TechSphere Co., Ltd. (“TechSphere”) for the assignment to
                Buyer of the all rights currently within the TechSphere distribution
                agreement with Seller.

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          4 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    
      	
              6.6

            	
              LABOR
                AGREEMENTS AND DISPUTES.
                Seller is neither a party to, nor otherwise subject to any collective
                bargaining or other agreement governing the wages, hours, in terms
                of
                employment of Seller's employees. Neither Seller nor Selling Shareholder
                are aware of any labor dispute(s) or labor trouble(s) involving employees
                of Seller.

            

    

     

    
      	
              6.7

            	
              NONCANCELABLE
                CONTRACTS.
                At
                the time of closing, there will be no material leases, employment
                contracts, contracts for services, or maintenance, or other similar
                contracts, existing or related to or connected with the operation
                of
                Seller's business not cancelable within thirty (30)
                days.

            

    

     

    
      	
              6.8

            	
              LITIGATION.
                Seller and Selling Shareholder have no knowledge of any claim, litigation,
                proceeding, or investigation pending or threatened against Seller
                that
                might result in any material adverse change in the business or condition
                of the assets being conveyed under this
                Agreement.

            

    

     

    
      	
              6.9

            	
              ACCURACY
                OF REPRESENTATIONS AND WARRANTIES. None
                of the representations or warranties of Seller or Selling Shareholder
                contain or will contain any untrue statements of a material fact
                or omit
                or will omit or misstate a material fact necessary in order to make
                statements in this Agreement not misleading. Seller and Selling
                Shareholder know of no fact that has resulted, or that in the reasonable
                judgment of Selling Shareholder will result in material change in
                the
                business, operations, or assets of Seller that has not been set forth
                in
                this Agreement or otherwise disclosed to
                Buyer.

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          5 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    SECTION
      7.  REPRESENTATIONS
      OF BUYER

     

    Buyer
      represents and warrants as follows:

     

    
      	
              7.1

            	
              CORPORATE
                EXISTENCE.
                Buyer is a corporation duly organized, validly existing, and in good
                standing under the laws of the Province of Ontario, Canada. Buyer
                has all
                requisite corporate power and authority to enter into this Agreement
                and
                perform its obligations hereunder.

            

    

     

    
      	7.2	
              AUTHORIZATION. 
                The execution, delivery and performance of this Agreement have been
                duly
                authorized and approved by the Board of Directors and Shareholders
                of
                Buyer, and this Agreement constitutes a valid and binding agreement
                of
                Buyer in accordance with its terms.

            

    

     

    
      	
              7.3

            	
              BROKERS
                AND FINDERS.
                Buyer has not employed any broker or finder in connection with the
                transactions contemplated by this Agreement and has taken no action
                that
                would give rise to a valid claim against any party for a brokerage
                commission, finder(s)’ fee or other like
                payment.

            

    

     

    
      	
              7.4

            	
              ACCURACY
                OF REPRESENTATIONS AND WARRANTIES.
                None of the representations or warranties of Buyer contain or will
                contain
                any untrue statements(s) of a material fact or omit or will omit
                or
                misstate a material fact necessary in order to make the statements
                contained herein not misleading.

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          6 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    SECTION
      8. COVENANTS
      OF SELLER AND SELLING SHAREHOLDER

     

    
      	
              8.1

            	
              SELLER'S
                OPERATION OF BUSINESS PRIOR TO CLOSING.
                Seller and Selling Shareholder agree that between the date of this
                Agreement and the date of closing, Seller
                will:

            

    

     

    
      	 	
              8.1.1

            	
              Use
                its best efforts to preserve its business organization and preserve
                the
                continued operation of its business with its customers, suppliers,
                and
                others having business relations with
                Seller;

            

    

     

    
      	 	
              8.1.2

            	
              Not
                assign, sell, lease or otherwise transfer or dispose of any of the
                assets
                listed in Schedule "A", except to
                Buyer;

            

    

     

    
      	 	
              8.1.3

            	
              Maintain
                all of its assets other than inventories in their present conditions,
                reasonable wear and tear and ordinary usage accepted and maintain
                the
                inventories at levels normally
                maintained.

            

    

     

    
      	
              8.2

            	
              ACCESS
                TO INFORMATION.
                At
                reasonable times prior to the closing date, Seller will provide Buyer
                and
                its representatives with reasonable access during business hours
                to the
                assets, titles, contracts and records of Seller and furnish such
                additional information concerning Seller's business Buyer may from
                time to
                time reasonably request.

            

    

     

    
      	
              8.3

            	
              EMPLOYEE
                MATTERS.

            

    

     

    Prior
      to
      the closing date, Seller will not, without Buyer's prior written consent, enter
      into any material agreements with its employees or contractors, increase the
      rate of compensation or bonus payable to or to become payable to any employee
      or
      effect any change in the management, personnel policies, or employee benefits,
      except in accordance with existing employment practices.

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          7 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    
      	
              8.4

            	
              CONDITIONS
                AND BEST EFFORTS.
                Seller and Selling Shareholder will use their best efforts to effectuate
                the transactions contemplated by this Agreement and to fulfill all
                the
                conditions of the obligations of Seller and Selling Shareholder under
                this
                Agreement, and will do all acts and things as may be required to
                carry out
                their respective obligations under this Agreement and to consummate
                and
                complete this Agreement.

            

    

     

    SECTION
      9. COVENANTS
      OF BUYER

     

    
      	
              9.1

            	
              CONDITIONS
                AND BEST EFFORTS.
                Buyer will use its best efforts to effectuate the transaction contemplated
                by this Agreement and to fulfill all the conditions of Buyer's obligations
                under this Agreement, and shall do all acts and things as may be
                required
                to carry out Buyer's obligations and to consummate this
                Agreement.

            

    

     

    
      	
              9.2

            	
              CONFIDENTIAL
                INFORMATION.
                If
                for any reason the sale of Assets is not closed, Buyer will not disclose
                to third parties any confidential information received from Seller
                or
                Selling Shareholder in the course of investigating, negotiating,
                and
                performing the transactions contemplated by this
                Agreement.

            

    

     

    SECTION
      10. CONDITIONS
      PRECEDENT TO BUYER'S OBLIGATIONS

     

    The
      obligation of Buyer to purchase the Assets is subject to the fulfillment, prior
      to or at the closing date, of each of the following conditions, any one or
      portion of which may be waived in writing by Buyer:

     

    
      	
              10.1

            	
              REPRESENTATIONS,
                WARRANTIES AND COVENANTS AND SELLING
                SHAREHOLDER.

            

    

     

    All
      representations and warranties made in this Agreement by Seller and Selling
      Shareholder shall be true as of the closing date as fully as those such
      representations and warranties had been made on or as of the closing date,
      and,
      as of the closing date, neither Seller nor Selling Shareholder shall have
      violated or shall have failed to perform in accordance with any covenant
      contained in this Agreement.

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          8 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    
      	
              10.2

            	
              The
                agreement for the purchase of shares, notes and a warrant of the
                Buyer by
                Plazacorp Inc. and eRoomsystem Technologies, Inc. shall have been
                funded.

            

    

     

    
      	
              10.3

            	
              CONDITIONS
                OF THE BUSINESS.
                There shall have been no material adverse change in the manner in
                operation of Seller's business prior to the closing
                date.

            

    

     

    
      	
              10.4

            	
              NO
                SUITS OR ACTIONS.
                At
                the closing date, no suit, action or other proceeding shall have
                been
                threatened or instituted to restrain, enjoin or otherwise prevent
                the
                consummation of this Agreement or the contemplated
                transactions.

            

    

     

    SECTION
      11. CONDITIONS
      PRECEDENT TO OBLIGATIONS OF SELLER AND SELLING
      SHAREHOLDER

     

    The
      obligations of Seller and Selling Shareholder to consummate the transactions
      contemplated by this Agreement are subject to the fulfillment, prior to or
      on
      the closing date, of the following condition, which may be waived in writing
      by
      Seller:

     

    All
      representations and warranties made in this Agreement by Buyer shall be true
      as
      of the closing date as fully as though such representations and warranties
      have
      been made on and as of the closing date, and Buyer shall not have violated
      or
      shall not have failed to perform in accordance with any covenant contained
      in
      this Agreement.

     

    SECTION
      12. BUYER'S
      ACCEPTANCE

     

    Buyer
      represents and acknowledges that it has entered into this Agreement on the
      basis
      of its own examination, personal knowledge, and opinion the value of the
      business. Buyer has not relied on any representations made by Seller other
      than
      those specified in this Agreement. Buyer further acknowledges that Seller has
      made no agreement or promise to repair or improve any equipment or other
      personal property being sold to Buyer under this Agreement, and that Buyer
      takes
      all such property in the condition existing on the date of this Agreement,
      except as otherwise provided in this Agreement.

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          9 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    SECTION
      13. INDEMNIFICATION
      AND SURVIVAL

     

    
      	
              13.1

            	
              SURVIVAL
                OF REPRESENTATIONS AND WARRANTIES.
                All representations and warranties made in this Agreement shall survive
                the closing of this Agreement, except that any party to whom a
                representation of warranty has been made in this Agreement shall
                be deemed
                to have waived any misrepresentation or breach of representation
                or
                warranty which such party had knowledge prior to closing. Any party
                learning of a misrepresentation or breach of representation or warranty
                under this Agreement shall immediately give notice thereof to all
                other
                parties to this Agreement. The representations and warranties in
                this
                Agreement shall terminate three (3) years from the closing date,
                and such
                representations or warranties shall thereafter be without force or
                effect,
                except any claim with respect to which notice has been given to the
                party
                to be charged prior to such expiration
                date.

            

    

     

    
      	
              13.2

            	
              SELLERS
                AND SELLING SHAREHOLDER’S
                INDEMNIFICATION.

            

    

     

    
      	
            	13.2.1	
              Seller
                and Selling Shareholder each hereby agree to indemnify and hold Buyer,
                its
                successors and assigns harmless from and
                against:

            

    

     

    
      	 	
              (1)

            	
              Any
                and all claims, liabilities and obligations of every kind and description,
                contingent or otherwise, arising out of or related to the operation
                of
                Seller's business prior to the close of business on the day before
                the
                closing date, except for claims, liabilities and obligations of Seller
                expressly assumed by Buyer under this Agreement or paid by insurance
                maintained by Seller, Selling Shareholder or
                Buyer.

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          10 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    
      	 	
              (2)

            	
              Any
                and all damage or deficiency resulting from any material misrepresentation
                or breach of warranty or covenant, or nonfulfillment of any agreement
                on
                the part of Seller or the Selling Shareholder under this
                Agreement.

            

    

     

    
      	 	
              13.2.2

            	
              Seller’s
                and Selling Shareholder’s indemnity obligations under 13.2.1 shall be
                subject to the following:

            

    

     

    
      	 	
              (1)

            	
              If
                any claim is asserted against buyer that would give rise to a claim
                by
                Buyer against Seller and Selling Shareholder for indemnification
                under the
                provisions of this paragraph, the Buyer shall promptly give written
                notice
                to Selling Shareholder concerning such claim as Selling Shareholder
                shall,
                at no expense to Buyer defend the
                claim.

            

    

     

    
      	 	
              (2)

            	
              Selling
                Shareholder shall not be required to indemnify buyer for amount that
                exceeds the total purchase price paid by buyer under Section 3 of
                this
                Agreement.

            

    

     

    
      	
              13.3

            	
              BUYER’S
                INDEMNIFICATION.
                Buyer agrees to defend, indemnify and hold harmless Seller and Selling
                Shareholder from and against:

            

    

     

    
      	 	
              13.3.1

            	
              Any
                all claims, liabilities and obligations of every kind and description
                arising out of or related to the operation of the business following
                closing or arising out of Buyer’s faith to perform obligations of Seller
                assumed by buyer pursuant to this
                Agreement.

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          11 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    
      	 	
              13.3.2

            	
              Any
                all damage or deficiency resulting from any material misrepresentation,
                breach of warranty or covenant, or nonfulfillment of any agreement
                on the
                part of Buyer under this Agreement.

            

    

     

    SECTION
      14. CLOSING

     

    
      	
              14.1

            	
              TIME
                AND PLACE.
                This Agreement shall be closed at the offices of Identica Corp. 130
                Bridgeland Avenue, Suite 100, Toronto, Ontario Canada M6A 1Z4 on
                or before
                the 15th
                day of May 2005,
                or such other time as the parties may agree in writing. If the closing
                has
                not occurred on or before May 30th,
                2005, then either party may elect to terminate this Agreement. If,
                however, the closing has not occurred because of a breech of contract
                by
                one or more of the parties, the breaching party or parties shall
                remain
                liable for breech of contract.

            

    

     

    
      	
              14.2

            	
              OBLIGATIONS
                OF SELLERS AND SELLING SHAREHOLDER AT CLOSING.
                The closing, Seller and Selling Shareholders shall deliver to buyer
                the
                following:

            

    

     

    
      	 	
              14.2.1

            	
              Bills
                of Sale, Assignments, properly endorsed Certificates of Title, and
                other
                instruments of transfer, and form and substance reasonably satisfactory
                to
                counsel for Buyer, necessary to transfer and convey all of the assets
                to
                Buyer.

            

    

     

    
      	 	
              14.2.2

            	
              Non-competition
                agreements referenced in Section 5.

            

    

     

    
      	 	
              14.2.3

            	
              Such
                other certificates and documents as may be called for by the provisions
                of
                this Agreement.

            

    

     

    
      	
              14.3

            	
              OBLIGATIONS
                OF BUYER AT CLOSING. At
                closing Buyer shall deliver to Seller the
                following:

            

    

     

    
      	 	
              14.3.1

            	
              Shares
                as defined in Section 3 above;

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          12 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    
      	 	
              14.3.2

            	
              Forty
                thousand (40,000) dollars, plus a Note and payment schedule for the
                balance of ninety thousand (90,000)
                dollars;

            

    

     

    
      	 	
              14.3.3

            	
              Such
                other certificates and documents as may be called for by the provisions
                of
                this Agreement.

            

    

     

    SECTION
      15. RIGHTS
      AND OBLIGATIONS SUBSEQUENT TO CLOSING

     

    
      	
              15.1

            	
              BOOKS
                AND RECORDS.
                This sale does not include the books of account and records of Seller's
                business. However, possession and custody of such books and records,
                except for Seller's general ledger, may be retained by Buyer for
                a period
                of six (6) months. During this period, Seller or its agents shall
                have
                access to such books and records and may make copies thereof. Buyer
                will
                exercise reasonable care in the safekeeping of such records. Seller
                shall
                retain its general ledger but shall make it available for inspection
                by
                Buyer from time to time upon reasonable
                request.

            

    

     

    
      	
              15.2

            	
              SELLER'S
                RIGHT TO PAY.
                In
                the event Buyer fails to make any payment of taxes, assessments,
                insurance
                premiums, or other charges that Buyer is required to pay to third
                parties
                under this Agreement, Seller shall have the right, but not the obligation,
                to pay the same. Buyer will reimburse Seller for any such payment
                immediately upon Seller's demand, together with interest at the same
                rate
                provided in the Note from the date of Seller's payment until Buyer
                reimburses Seller. Any such payment by Seller shall not constitute
                a
                waiver by Seller of any remedy available by reason of Buyer's default
                for
                failure to make the payments.

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          13 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    SECTION
      16. BULK SALES ACT.

     

    Buyer
      waives compliance by Seller with the Bulk Sales Act, if any (the “Act”). In the
      event any creditor of Seller claims the benefit of the Bulk Sales Act as against
      Buyer or any of the assets being conveyed to Buyer under this Agreement, Seller
      and Selling Shareholders shall immediately pay or otherwise satisfy such claim
      or undertake its defense. Seller and Selling Shareholders shall indemnify and
      hold Buyer harmless from and against any and all loss, expense, or damage
      resulting from the failure to comply with the Bulk Transfer law. If Seller
      fails
      to comply with the provision of this Section 16 and Buyer is required to pay
      any
      creditor of Seller in order to protect the property purchased under this
      agreement from claims or liens of Seller's creditors, except those assumed
      by
      Buyer, the Buyer may offset the amount it pays against the balance due Seller
      by
      furnishing to the Seller proof of such payment in the form of a receipt from
      the
      creditor involved.

     

    SECTION
      17. TERMINATION OF AGREEMENT

     

    
      	17.1	
              BY
                MUTUAL CONSENT. This
                Agreement may be terminated by mutual written consent of Buyer and
                Seller.

            

    

     

    
      	
              17.2

            	
              BREACH
                OF REPRESENTATIONS AND WARRANTIES; FAILURE OF
                CONDITIONS.
                Buyer may elect by notice to Seller, and Seller may elect by notice
                to
                Buyer, to terminate this Agreement
                if;

            

    

     

    
      	 	
              17.2.1

            	
              The
                terminating party shall have discovered a material error, misstatement,
                or
                omission in the representations and warranties made in this Agreement
                by
                the other party which shall not have been cured by such other party
                within
                fifteen (15) days after written notice to such other party specifying
                in
                detail such asserted error, misstatement, or omission, or by the
                closing
                date, whichever first occurs.

            

    

     

    
      	 	
              17.2.2

            	
              All
                of the conditions precedent of the terminating party's obligations
                under
                this Agreement as set forth in either Section 10 or 11, as the case
                may
                be, have not occurred and have not been waived by the terminating
                party on
                or prior to the closing date.

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
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          14 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    
      	
              17.3

            	
              CLOSING
                NOTWITHSTANDING THE RIGHT TO TERMINATE.
                The party with a right to terminate this Agreement pursuant to Section
                17.2.1 or 17.2.2 shall not be bound to exercise such right, and its
                failure to exercise such right shall not constitute a waiver of any
                other
                right it may have under this Agreement, including but not limited
                to
                remedies for breach of a representation, warranty, or
                covenant.

            

    

     

    SECTION
      18. MISCELLANEOUS

     

    
      	
              18.1

            	
              The
                provisions of this Agreement shall be binding upon and inure to the
                benefit of the heirs, personal representatives, successors, and assigns
                of
                the parties.

            

    

     

    
      	
              18.2

            	
              Any
                notice or other communication required or permitted to be given under
                this
                Agreement shall be in writing and shall be mailed by certified mail,
                return receipt requested, postage prepaid, addressed to the parties
                as
                follows:

            

    

     

    
      	
              SELLER:
                

            	 	
              BUYER:

            
	
              American
                Biometrics and Security, Inc. 

            	 	
              Identica
                Corp.

            
	
              9853
                Tamiami Trail, Suite 226

            	 	
              130
                Bridgeland Avenue, Suite 100

            
	
              Naples,
                Florida 34108 USA

            	 	
              Toronto,
                Ontario M6A 1Z4 Canada

            

    

    

     

    All
      notices and other communications shall be deemed to be given at the expiration
      of three (3) days after the date of mailing. The addresses to which notices
      or
      other communications shall be mailed may be changed from time to time by giving
      written notice to the other parties as provided above.

     

    
      	
              18.3

            	
              In
                the event of a default under this Agreement, the defaulting party
                shall
                reimburse the non-defaulting party or parties for all costs and expenses
                reasonably incurred by the non-defaulting party or parties in connection
                with the default, including without limitation attorney fees.
                Additionally, in the event a suit or action is filed to enforce this
                Agreement or with respect to this Agreement, the prevailing party
                or
                parties shall be reimbursed by the other party for all costs and
                expenses
                incurred in connection with the suit or action, including without
                limitation reasonable attorney fees at the trial level and on
                appeal.

            

    

     

    
      
        Initial(s)
          ___________ Initial(s) ___________

         

      

      
        Page
          15 of 16

        
          

        

      

      
         

      

    

    	 American
            Biometrics and Security, Inc. 	
            Identica
              Corp.

          

    

     

    
      	
              18.4

            	
              No
                waiver of any provision of this Agreement shall be deemed, or shall
                constitute, a waiver of any other provision, whether or not similar,
                nor
                shall any waiver constitute a continuing waiver. No waiver shall
                be
                binding unless executed in writing by the party making the
                waiver.

            

    

     

    
      	
              18.5

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

            

    

     

    
      	
              18.6

            	
              This
                Agreement constitutes the entire agreement between the parties pertaining
                to its subject matter and it supersedes all prior contemporaneous
                agreements, representations, and understandings of the parties. No
                supplement, modification, or amendment of this Agreement shall be
                binding
                unless executed in writing by all
                parties.

            

    

     

    Witness
      the signatures of the parties this the 25th day
      of
      April, 2005.

     

    
      	
              American
                Biometrics and Security, Inc.:

            	 	
              Identica
                Corp.:

            
	 	 	 
	
              BY:

            	 	 
	 	 	
              BY:

            
	
              David
                Clayden

            	 	
              Terry
                Wheeler 

            
	
              Name

            	 	
              Name

            
	 	 	 
	
              -/s/
                David Clayden

            	 	
              /s/
                Terry Wheeler 

            
	
              Signature

            	 	
              Signature

            
	 	 	 
	
              SELLING
                SHAREHOLDER:

            	 	 
	 	 	 
	
              David
                Clayden

            	 	 
	 	 	 
	 	 	 
	
              /s/
                David Clayden

            	 	
               

            
	
              Signature

            	 	 

    

    

    
      
        
          Initial(s)
            ___________ Initial(s) ___________

           

        

        
          Page
            16 of 16

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