Document:

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Exhibit 10.5

                                SUPPORT AGREEMENT

     THIS  SUPPORT  AGREEMENT is entered into as of  February__,  2003,  between
Ugomedia  Interactive  Corporation a corporation  existing under the laws of the
State of Nevada ("UGOMEDIA"),  Sciax Technology Inc., a corporation incorporated
under the laws of Canada  ("SCIAX"),  and 4137639  Canada  Inc.,  a  corporation
incorporated under the laws of Canada ("SUB").

     WHEREAS,  pursuant to a common stock purchase agreement dated as of January
8, 2003, between Sciax, Ugomedia and Sub (such agreement as it may be amended or
restated is  hereinafter  referred to as the "PURCHASE  AGREEMENT")  the parties
agreed that on the closing of the transactions  contemplated  under the Purchase
Agreement, Ugomedia, Sciax and Sub would execute and deliver a Support Agreement
containing the terms and conditions set forth in the Purchase Agreement together
with such other terms and  conditions  as may be agreed to by the parties to the
Purchase Agreement acting reasonably;

     AND WHEREAS, pursuant to a reorganization of the capital structure of Sciax
(the  "REORGANIZATION")  contemplated  in the Purchase  Agreement,  Sciax issued
certain exchangeable shares (the "EXCHANGEABLE  SHARES") having attached thereto
certain  rights,  privileges,  restrictions  and conditions  (collectively,  the
"EXCHANGEABLE SHARE PROVISIONS");

     AND WHEREAS, the parties hereto desire to make appropriate provision and to
establish a procedure  whereby  UgoMedia and Sub will take  certain  actions and
make certain payments and deliveries necessary to ensure that Sciax will be able
to make certain payments and to deliver or cause to be delivered UgoMedia Common
Shares in satisfaction of the obligations of Sciax under the Exchangeable  Share
Provisions   with  respect  to  the  payment  and   satisfaction  of  dividends,
Liquidation Amounts,  Retraction Prices and Redemption Prices, all in accordance
with the Exchangeable Share Provisions.

     NOW, THEREFORE, in consideration of the respective covenants and agreements
provided in this  Agreement and for other good and valuable  consideration  (the
receipt and sufficiency of which are hereby acknowledged),  the parties agree as
follows:

                                   ARTICLE 1
                         DEFINITIONS AND INTERPRETATION

1.1 DEFINED TERMS. Each term denoted herein by initial capital letters and not
otherwise defined herein shall have the meaning attributed thereto in the
Exchangeable Share Provisions, unless the context requires otherwise.

1.2 INTERPRETATION NOT AFFECTED BY HEADINGS, ETC. The division of this Agreement
into articles, sections and paragraphs and the insertion of headings are for
convenience of reference only and shall not affect the construction or
interpretation of this Agreement.

1.3 NUMBER, GENDER, ETC. Words importing the singular number only shall include
the plural and vice versa. Words importing the use of any gender shall include
all genders.

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1.4 DATE FOR ANY ACTION. If any date on which any action is required to be taken
under this Agreement is not a Business Day, such action shall be required to be
taken on the next succeeding Business Day.

                                   ARTICLE 2
                          COVENANTS OF UGOMEDIA AND SUB

2.1 COVENANTS OF UGOMEDIA AND SUB REGARDING  EXCHANGEABLE SHARES. So long as any
Exchangeable Shares are outstanding, UgoMedia and Sub shall:

     (a)  ensure  that,  in the event of any  dividend  is  declared on UgoMedia
          Common Shares, (A) Sciax will have sufficient assets,  funds and other
          property  available  to  enable  the due  declaration  and the due and
          punctual  payment in accordance  with  applicable law of an equivalent
          dividend on the Exchangeable Shares and (B) Subsection 2.1(b) shall be
          complied with in connection with such dividend;

     (b)  cause  Sciax to declare  simultaneously  with the  declaration  of any
          dividend  on  UgoMedia  Common  Shares an  equivalent  dividend on the
          Exchangeable Shares and, when such dividend is paid on UgoMedia Common
          Shares,  cause Sciax to pay  simultaneously  therewith such equivalent
          dividend on the Exchangeable  Shares,  in each case in accordance with
          the Exchangeable Share Provisions;

     (c)  advise Sciax sufficiently in advance of the declaration by UgoMedia of
          any dividend on UgoMedia Common Shares and take all such other actions
          as are  necessary,  in  cooperation  with  Sciax,  to ensure  that the
          respective  declaration  date,  record  date  and  payment  date for a
          dividend on the  Exchangeable  Shares  shall be the same as the record
          date, declaration date and payment date for the corresponding dividend
          on UgoMedia Common Shares;

     (d)  take all such  actions  and do all such  things  as are  necessary  or
          desirable to enable and permit Sciax,  in accordance  with  applicable
          law, to pay and otherwise  perform its obligations with respect to the
          satisfaction of the Exchangeable Share Consideration  representing the
          Liquidation  Amount (less applicable  taxes) in respect of each issued
          and outstanding  Exchangeable Share upon the liquidation,  dissolution
          or  winding-up  of Sciax or any other  distribution  of the  assets of
          Sciax for the  purpose of winding up its  affairs,  including  without
          limitation  all such  actions and all such things as are  necessary or
          desirable to enable and permit Sciax to cause to be delivered UgoMedia
          Common Shares to the holders of Exchangeable Shares in accordance with
          the provisions of Article 5 of the Exchangeable Share Provisions;

     (e)  take all such  actions  and do all such  things  as are  necessary  or
          desirable to enable and permit Sciax,  in accordance  with  applicable
          law, to pay and otherwise  perform its obligations with respect to the
          satisfaction of the Exchangeable Share Consideration  representing the
          Retraction  Price (less  applicable  taxes) and the Redemption  Price,
          including  without  limitation all such actions and all such things as
          are  necessary  or desirable to enable and permit Sciax to cause to be
          delivered  UgoMedia  Common  Shares  to the  holders  of  Exchangeable

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          Shares,  upon the retraction or redemption of the Exchangeable  Shares
          in  accordance  with the  provisions  of Article 6 or Article 7 of the
          Exchangeable Share Provisions, as the case may be; and

     (f)  not  exercise  its vote as a  shareholder  to initiate  the  voluntary
          liquidation, dissolution or winding-up of Sciax nor take any action or
          omit to take any action that is designed to result in the liquidation,
          dissolution or winding-up of Sciax.

2.2 RESERVATION OF UGOMEDIA COMMON SHARES. Ugomedia hereby represents, warrants
and covenants in favour of Sciax and Sub that Ugomedia has reserved for issuance
and will, at all times while any Exchangeable Shares (other than Exchangeable
Shares held by UgoMedia or its Affiliates) are outstanding, keep available, free
from pre-emptive and other rights, out of its authorized and unissued capital
stock such number of shares of UgoMedia Common Shares (or other shares or
securities into which shares of UgoMedia Common Shares may be reclassified or
changed as contemplated by Section 2.5) as is equal to the sum of (i) the number
of Exchangeable Shares issued and outstanding from time to time and (ii) the
number of Exchangeable Shares issuable upon the exercise of all rights to
acquire Exchangeable Shares outstanding from time to time and under any other
security or commitment pursuant to which UgoMedia may now or hereafter be
required to issue Ugomedia Common Shares, to enable and permit it and Sub to
meet their obligations under each of the Liquidation Call Right, the Retraction
Call Right and the Redemption Call Right and to enable and permit Sciax to meet
its respective obligations hereunder and under the Exchangeable Share
Provisions.

2.3 NOTIFICATION OF CERTAIN EVENTS. In order to assist UgoMedia and Sub to
comply with its obligations hereunder, Sciax will give UgoMedia and Sub written
notice of each of the following events at the time set forth below:

     (a)  in the event of any  determination  by the Board of Directors of Sciax
          to  institute   voluntary   liquidation,   dissolution  or  winding-up
          proceedings with respect to Sciax or to effect any other  distribution
          of the  assets of Sciax  among its  shareholders  for the  purpose  of
          winding-up  its  affairs,  at  least  30 days  prior  to the  proposed
          effective date of such liquidation,  dissolution,  winding-up or other
          distribution;

     (b)  immediately,  upon the  earlier of (i)  receipt by Sciax of notice of,
          and  (ii)  Sciax  otherwise  becoming  aware  of,  any  threatened  or
          instituted claim, suit,  petition or other proceedings with respect to
          the involuntary liquidation,  dissolution or winding-up of Sciax or to
          effect  any  other  distribution  of the  assets  of Sciax  among  its
          shareholders for the purpose of winding-up its affairs;

     (c)  immediately, upon receipt by Sciax of a Retraction Request;

     (d)  at least 30 days prior to any  accelerated  Automatic  Redemption Date
          determined by the Board of Directors of Sciax in  accordance  with the
          Exchangeable Share Provisions; and

     (e)  as soon as practicable  upon the issuance by Sciax of any Exchangeable
          Shares or rights to acquire Exchangeable Shares other than an issuance
          pursuant to the Purchase Agreement.

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2.4 DELIVERY OF UGOMEDIA COMMON SHARES. In furtherance of its obligations
hereunder, upon notice of any event which requires the delivery of UgoMedia
Common Shares to any holder of Exchangeable Shares, Ugomedia shall cause its
transfer agent and registrar to effect the transfer and forthwith deliver the
requisite UgoMedia Common Shares to or to the order of the former holder of the
surrendered Exchangeable Shares, as Sciax shall direct. All such UgoMedia Common
Shares shall be duly issued as fully paid and non-assessable and shall be free
and clear of any lien, claim, encumbrance, security interest or adverse claim or
interest.

2.5 EQUIVALENCE. So long as any Exchangeable Shares not owned by UgoMedia or its
Affiliates are outstanding:

     (a)  Ugomedia  will not  without  prior  approval  of Sciax  and the  prior
          approval of the holders of the Exchangeable Shares given in accordance
          with Section 9.2 of the Exchangeable Share Provisions:

          (i)  issue  or  distribute   Ugomedia  Common  Shares  (or  securities
               exchangeable  for or  convertible  into  or  carrying  rights  to
               acquire  shares of UgoMedia  Common Shares) to the holders of all
               or  substantially  all of the then  outstanding  Ugomedia  Common
               Shares by way of stock dividend or other distribution; or

          (ii) issue or distribute rights, options or warrants to the holders of
               all or substantially all of the then outstanding  Ugomedia Common
               Shares  entitling  them to subscribe for or to purchase  Ugomedia
               Common Shares (or securities exchangeable for or convertible into
               or carrying rights to acquire Ugomedia Common Shares); or

          (iii)issue or  distribute to the holders of all or  substantially  all
               of the then  outstanding  Ugomedia  Common  Shares  (A) shares or
               securities  of UgoMedia of any class other than  Ugomedia  Common
               Shares (other than shares convertible into or exchangeable for or
               carrying rights to acquire  Ugomedia Common Shares),  (B) rights,
               options or warrants  other than those  referred  to in  Paragraph
               2.5(a)(ii)  above,  (C) evidences of  indebtedness of UgoMedia or
               (D) assets of UgoMedia,

          unless the  economic  equivalent  on a per share basis of such rights,
          options, securities, shares, evidences of indebtedness or other assets
          is  issued  or  distributed  simultaneously,  in  accordance  with all
          applicable laws, to holders of the Exchangeable Shares; provided that,
          for greater  certainty,  the above restrictions shall not apply to any
          securities  issued or  distributed by UgoMedia in order to give effect
          to  and  to  consummate  the  transactions  contemplated  by,  and  in
          accordance with, the Purchase Agreement.

     (b)  Ugomedia  will not without  the prior  approval of Sciax and the prior
          approval of the holders of the Exchangeable Shares given in accordance
          with Section 9.2 of the Exchangeable Share Provisions:

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          (i)  subdivide,  redivide  or  change  the then  outstanding  Ugomedia
               Common Shares into a greater number of Ugomedia Common Shares; or

          (ii) reduce,  combine,  consolidate  or  change  the then  outstanding
               Ugomedia  Common Shares into a lesser  number of Ugomedia  Common
               Shares; or

          (iii)reclassify or otherwise  change  Ugomedia Common Shares or effect
               an  amalgamation,   merger,   reorganization   or  other  similar
               transaction affecting Ugomedia Common Shares,

          unless the same or an  economically  equivalent  change as effected in
          respect of the  UgoMedia  Common  Shares  shall,  in  accordance  with
          applicable  laws,  simultaneously  be made to, or in the rights of the
          holders of, the Exchangeable Shares.

     (c)  The Board of Directors of Sciax shall determine,  in good faith and in
          its sole  discretion  with the  assistance  of  reputable  advisers as
          required,  economic equivalence for the purposes of any event referred
          to in Subsection  2.5(a) or (b) and each such  determination  shall be
          conclusive and binding on UgoMedia. In making each such determination,
          the  following   factors  shall,   without   excluding  other  factors
          determined  by the  Board of  Directors  of Sciax to be  relevant,  be
          considered by the Board of Directors of Sciax:

          (i)  in the case of any stock dividend or other  distribution  payable
               in Ugomedia  Common  Shares,  the number of such shares issued in
               proportion  to the number of Ugomedia  Common  Shares  previously
               outstanding;

          (ii) in the  case  of the  issuance  or  distribution  of any  rights,
               options or warrants to subscribe for or purchase  Ugomedia Common
               Shares (or securities  exchangeable  for or  convertible  into or
               carrying  rights  to  acquire   Ugomedia   Common  Shares),   the
               relationship  between  the  exercise  price of each  such  right,
               option or warrant and the Current Market Price;

          (iii)in the case of the issuance or  distribution of any other form of
               property  (including  without limitation any shares or securities
               of UgoMedia of any class other than Ugomedia  Common Shares,  any
               rights,  options or  warrants  other than  those  referred  to in
               Paragraph  2.5(c)(ii)  above,  any evidences of  indebtedness  of
               UgoMedia or any assets of UgoMedia), the relationship between the
               fair market  value (as  determined  by the Board of  Directors of
               Sciax in the manner above  contemplated)  of such  property to be
               issued or distributed with respect to each  outstanding  UgoMedia
               Common Share and the Current Market Price;

          (iv) in the case of any subdivision,  redivision or change of the then
               outstanding  Ugomedia  Common  Shares  into a  greater  number of
               Ugomedia   Common   Shares   or   the   reduction,   combination,
               consolidation or change of the then  outstanding  Ugomedia Common
               Shares  into a lesser  number of  Ugomedia  Common  Shares or any
               amalgamation, merger, reorganization or other similar transaction

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               affecting  Ugomedia  Common  Shares,  the effect thereof upon the
               then outstanding Ugomedia Common Shares; and

          (v)  in all cases, the general  taxation  consequences of the relevant
               event to holders of Exchangeable  Shares to the extent that those
               consequences may differ from the taxation consequences to holders
               of  UgoMedia  Common  Shares as a result of  differences  between
               taxation  laws of Canada and the United  States  (except  for any
               differing  consequences arising as a result of differing marginal
               taxation rates and without regard to the individual circumstances
               of holders of Exchangeable Shares).

     (d)  Sciax  agrees  that,  to the extent  required,  upon due  notice  from
          UgoMedia, Sciax will use its best efforts to take or cause to be taken
          such steps as may be  necessary  for the  purposes  of  ensuring  that
          appropriate  dividends  are  paid or other  distributions  are made by
          Sciax,  or  subdivisions,  redivisions  or  changes  are  made  to the
          Exchangeable  Shares,  in order to  implement  the  required  economic
          equivalent with respect to the Ugomedia Common Shares and Exchangeable
          Shares as provided for in this Section 2.5.

2.6 TENDER OFFERS,  ETC. In the event that a tender offer, share exchange offer,
issuer bid, take-over bid or similar transaction with respect to UgoMedia Common
Shares (an  "OFFER")  is  proposed by UgoMedia or is proposed to UgoMedia or its
shareholders  and is  recommended  by the Board of Directors of UgoMedia,  or is
otherwise  effected or to be effected  with the consent or approval of the Board
of Directors of UgoMedia,  UgoMedia shall, in good faith,  take all such actions
and do all such  things as are  necessary  or  desirable  to enable  and  permit
holders of  Exchangeable  Shares to participate in such Offer to the same extent
and on an equivalent  basis as the holders of UgoMedia  Common  Shares,  without
discrimination.

2.7 DUE  PERFORMANCE.  On and after the Effective  Date,  UgoMedia and Sub shall
duly and timely perform all of their  obligations  under the Purchase  Agreement
and  related  agreements  in  respect  of  the  Reorganization,   including  any
obligations that may arise under the Exchangeable Share Provisions.

                                   ARTICLE 3
                                     GENERAL

3.1 TERM.  This Agreement  shall come into force and be effective as of the date
hereof and shall terminate and be of no further force and effect at such time as
no Exchangeable Shares (or securities or rights convertible into or exchangeable
for or  carrying  rights to acquire  Exchangeable  Shares) are held by any party
other than UgoMedia and any of its Affiliates.

3.2 CHANGES IN CAPITAL OF UGOMEDIA AND SCIAX.  Notwithstanding the provisions of
section 3.4  hereof,  at all times after the  occurrence  of any event  effected
pursuant  to Section  2.5 or 2.6 hereof,  as a result of which  either  UgoMedia
Common Shares or the  Exchangeable  Shares or both are in any way changed,  this
Agreement  shall forthwith be amended and modified as necessary in order that it
shall apply with full force and effect,  mutatis mutandis, to all new securities

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into which  UgoMedia  Common  Shares or the  Exchangeable  Shares or both are so
changed,  and the parties  hereto  shall  execute and  deliver an  agreement  in
writing  giving  effect  to  and  evidencing   such  necessary   amendments  and
modifications.

3.3  SEVERABILITY.  If any  provision  of this  Agreement is held to be invalid,
illegal or  unenforceable,  the  validity,  legality  or  enforceability  of the
remainder of this Agreement shall not in any way be affected or impaired thereby
and this Agreement shall be carried out as nearly as possible in accordance with
its original terms and conditions.

3.4  AMENDMENTS,  MODIFICATIONS,  ETC.  This  Agreement  may not be  amended  or
modified except by an Agreement in writing  executed by Sciax,  Sub and Ugomedia
and  approved  by the  holders of the  Exchangeable  Shares in  accordance  with
Section 9.2 of the Exchangeable Share Provisions.

3.5  MINISTERIAL  AMENDMENTS.  Notwithstanding  the  provisions  of Section  3.4
hereof, the parties to this Agreement may in writing,  at any time and from time
to time, without the approval of the holders of the Exchangeable  Shares,  amend
or modify this Agreement for the purposes of:

     (a)  adding to the  covenants of either or both parties for the  protection
          of the holders of the Exchangeable Shares;

     (b)  making such amendments or  modifications  not  inconsistent  with this
          Agreement as may be necessary or desirable  with respect to matters or
          questions  which,  in the opinion of the board of directors of each of
          Sciax,  Sub and UgoMedia,  it may be expedient to make,  provided that
          each  such  board of  directors  shall  be of the  opinion  that  such
          amendments or  modifications  will not be prejudicial to the interests
          of the holders of the Exchangeable Shares; or

     (c)  making such changes or corrections  which, on the advice of counsel to
          Sciax,  Sub and  Ugomedia  are  required  for the purpose of curing or
          correcting  any  ambiguity  or defect  or  inconsistent  provision  or
          clerical  omission or mistake or  manifest  error;  provided  that the
          boards of directors of each of Sciax, Sub and Ugomedia shall be of the
          opinion that such changes or  corrections  will not be  prejudicial to
          the interests of the holders of the Exchangeable Shares.

3.6 MEETING TO CONSIDER  AMENDMENTS.  Sciax,  at the request of UgoMedia or Sub,
shall call a meeting or meetings of the holders of the  Exchangeable  Shares for
the purpose of  considering  any proposed  amendment or  modification  requiring
approval of such shareholders.  Any such meeting or meetings shall be called and
held in accordance with the by-laws of Sciax, the Exchangeable  Share Provisions
and all applicable laws.

3.7 AMENDMENTS ONLY IN WRITING. No amendment to or modification or waiver of any
of the  provisions of this  Agreement  otherwise  permitted  hereunder  shall be
effective unless made in writing and signed by each of the parties hereto.

3.8 ENUREMENT.  This Agreement shall be binding upon and enure to the benefit of
the parties hereto and the holders,  from time to time, of  Exchangeable  Shares
and each of their respective heirs, successors and assigns.

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3.9 NOTICES TO PARTIES. All notices and other communications between the parties
shall be in  writing  and  shall  be  deemed  to have  been  given if  delivered
personally or by confirmed  telecopy to the parties at the  following  addresses
(or at such other  address for either such party as shall be  specified  in like
notice):

         IF TO UGOMEDIA, SUB OR SCIAX:

         233 Carlaw Ave., Suite 401
         Toronto, Ontario   M4M 3N6
         Attention:  President
         Facsimile:        (416) 778-8775

     Any notice or other  communication given personally shall be deemed to have
been given and received upon delivery  thereof and if given by telecopy shall be
deemed to have been given and received on the date of confirmed receipt thereof,
unless such day is not a Business  Day, in which case it shall be deemed to have
been given and received upon the immediately following Business Day.

3.10 COUNTERPARTS. This Agreement may be executed in counterparts, each of which
shall be deemed an original,  and all of which taken together  shall  constitute
one and the same instrument.

3.11 JURISDICTION.  This Agreement shall be construed and enforced in accordance
with the laws of the  Province  of  Ontario  and the laws of  Canada  applicable
therein.

3.12 ATTORNMENT.  The parties agree that any action or proceeding arising out of
or relating to this Agreement may be instituted in the courts of Ontario,  waive
any  objection  which  they may have now or  hereafter  to the venue of any such
action or proceeding,  irrevocably  submit to the jurisdiction of such courts in
any such action or proceeding,  agree to be bound by any judgment of such courts
and not to seek, and hereby waive, any review of the merits of any such judgment
by the courts of any other jurisdiction.

     IN WITNESS WHEREOF,  UgoMedia,  Sub and Sciax have caused this Agreement to
be signed by their respective officers thereunder duly authorized, all as of the
date first written above.

                                       UGOMEDIA INTERACTIVE CORPORATION

                                       Per:
                                                ------------------------------
                                       Name:    Aldo Rotondi
                                       Title:   President

                                       4137639 CANADA INC.

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                                       Per:
                                                ------------------------------
                                       Name:    Aldo Rotondi
                                       Title:   President

                                       SCIAX TECHNOLOGY INC.

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

                                       9

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Exhibit 10.6

                            EXCHANGE RIGHT AGREEMENT

     This Agreement is made as of the __ day of February, 2003,

AMONG:

          UGOMEDIA INTERACTIVE CORPORATION, a corporation incorporated under the
          laws of the State of Nevada (hereinafter referred to as "UGOMEDIA"),

                                     - and -

          SCIAX  TECHNOLOGY  INC.,  an  company  incorporated  under the laws of
          Canada (hereinafter referred to as "SCIAX"),

                                     - and -

          4137639 CANADA INC., a company  incorporated  under the laws of Canada
          (hereinafter referred to as "SUB"),

                                     - and -

          KEN SMART, a resident of the Province of Ontario (hereinafter referred
          to as the "SHAREHOLDER").

                                    RECITALS

A.  Concurrently  with  the  execution  of  this  Agreement,  Sciax  has  issued
exchangeable  shares in the  capital of Sciax (the  "EXCHANGEABLE  SHARES")  and
Ugomedia  has issued  preferred  shares in the capital of  Ugomedia  ("PREFERRED
SHARES") to the Shareholder in connection with a common stock purchase agreement
dated  January  8, 2003,  as  amended,  (the  "PURCHASE  AGREEMENT")  among Sub,
Ugomedia  and Sciax,  as amended by a  shareholder  purchase  agreement  between
Sciax, Ugomedia and Sub dated of even date herewith.

B. Sub is a wholly-owned subsidiary of Ugomedia.

C. The articles of incorporation,  as amended by articles of amendment, of Sciax
set forth the rights,  privileges,  restrictions and conditions attaching to the
Exchangeable Shares (collectively, the "EXCHANGEABLE SHARE PROVISIONS").

     NOW THEREFORE IN CONSIDERATION of the premises and the mutual covenants and
agreements  hereinafter contained and for other good and valuable  consideration
(the  receipt and  sufficiency  of which are hereby  acknowledged),  the parties
hereto agree as follows:

                                   ARTICLE 1
                         DEFINITIONS AND INTERPRETATION

1.1 DEFINITIONS. In this Agreement, the following terms shall have the following
meanings:

<PAGE>

"AFFILIATE" has the meaning ascribed thereto in the Canada Business Corporations
Act.

"AUTOMATIC  EXCHANGE  RIGHT" means the benefit of the obligations of Ugomedia to
effect the automatic  exchange of Ugomedia Common Stock for Exchangeable  Shares
pursuant to Section 2.10.

"BUSINESS  DAY" means any day on which  commercial  banks are generally open for
business in Toronto, Ontario and New York, New York.

"EXCHANGE RIGHT" has the meaning ascribed thereto in Section 2.1.

"EXCHANGEABLE  SHARES" has the meaning  ascribed  thereto in Recital A and shall
include exchangeable shares in the capital of any successor to Sciax which carry
substantially similar rights,  privileges,  restrictions and conditions as those
contained in the existing Exchangeable Share Provisions.

"EXCHANGEABLE SHARE PROVISIONS" has the meaning ascribed hereto in Recital C.

"EXCHANGEABLE  SHAREHOLDERS" means the holders of Exchangeable Shares shown from
time to time in the register  maintained  by or on behalf of Sciax in respect of
the Exchangeable Shares.

"INSOLVENCY  EVENT"  means  the  institution  by Sciax of any  proceeding  to be
adjudicated a bankrupt or insolvent or to be liquidated,  dissolved or wound up,
or  the  consent  of  Sciax  to  the  institution  of  bankruptcy,   insolvency,
liquidation,  dissolution or winding up proceedings against it, or the filing of
a petition,  answer or consent  seeking  liquidation,  dissolution or winding up
under any bankruptcy, insolvency or analogous laws, including without limitation
the  Companies  Creditors'  Arrangement  Act  (Canada)  and the  Bankruptcy  and
Insolvency  Act (Canada),  and the failure by Sciax to contest in good faith any
such proceedings  commenced in respect of Sciax within 15 days of becoming aware
thereof,  or the  consent by Sciax to the filing of any such  petition or to the
appointment  of a receiver,  or the making by Sciax of a general  assignment for
the benefit of creditors,  or the admission in writing by Sciax of its inability
to pay its debts  generally  as they become  due, or Sciax not being  permitted,
pursuant to solvency  requirements  of applicable law, to purchase any Retracted
Shares pursuant to the Exchangeable Share Provisions.

"LIQUIDATION  CALL  PURCHASE  PRICE"  has the  meaning  provided  in  Subsection
2.11(a).

"LIQUIDATION CALL RIGHT" has the meaning provided in Subsection 2.11(a).

"LIQUIDATION DATE " has the meaning provided in Subsection 2.11(a).

"LIQUIDATION EVENT" has the meaning ascribed thereto in Subsection 2.10(a).

"LIQUIDATION   EVENT  EFFECTIVE  DATE"  has  the  meaning  ascribed  thereto  in
Subsection 2.10(b).

"LIQUIDATION   EVENT  PURCHASE  PRICE"  has  the  meaning  ascribed  thereto  in
Subsection 2.10(b).

                                       2
<PAGE>

"PREFERRED  SHARES"  means the shares of  preferred  stock of  Ugomedia at a par
value of US$0.001  per share and any other  shares into which such shares may be
changed.

"PURCHASE AGREEMENT" has the meaning ascribed thereto in Recital A.

"REDEMPTION CALL RIGHT" has the meaning ascribed thereto in Subsection 2.12(a).

"REDEMPTION  CALL PURCHASE PRICE" has the meaning ascribed thereto in Subsection
2.12(a).

"RETRACTED SHARES" has the meaning ascribed thereto in Section 2.7.

"SHAREHOLDER  PURCHASE  AGREEMENT" means the shareholder  purchase  agreement of
even date hereof between Ugomedia, Sciax, Sub and all the shareholders of Sciax.

"SUPPORT  AGREEMENT"  means a  support  agreement  of even date  herewith  among
Ugomedia, Sub and Sciax.

"UGOMEDIA  COMMON  STOCK"  means the shares of common  stock of Ugomedia and any
other shares into which such shares may be changed.

"UGOMEDIA SUCCESSOR" has the meaning ascribed thereto in Section 3.1.

1.2 OTHER  DEFINITIONS.  Each term denoted herein by initial capital letters and
not otherwise  defined herein shall have the meaning  attributed  thereto in the
Exchangeable Share Provisions, unless the context requires otherwise.

1.3 HEADINGS;  ARTICLE AND SECTION  REFERENCES.  The division of this  Agreement
into  Articles,  Sections,  Subsections  and other portions and the insertion of
headings  are for  convenience  of  reference  only and  shall  not  affect  the
construction or  interpretation of this Agreement.  Unless otherwise  indicated,
all references to an "Article",  "Section" or "Subsection"  followed by a number
and/or a letter refer to the  specified  Article,  Section or Subsection of this
Agreement.  The terms "this Agreement",  "hereof",  "herein" and "hereunder" and
similar  expressions refer to this Agreement and not to any particular  Article,
Section,  Subsection  or other  portion  hereof and  include  any  agreement  or
instrument supplementary or ancillary hereto.

1.4 NUMBER AND GENDER.  Unless the context requires  otherwise,  words importing
the singular shall include the plural and vice versa and words importing  gender
shall include all genders.

1.5 BUSINESS DAYS. If any action is required to be taken under this Agreement on
a day which is not a Business  Day,  then such action shall be taken on the next
Business Day.

                                   ARTICLE 2
                                      GRANT

2.1 GRANT OF THE EXCHANGE RIGHT AND AUTOMATIC  EXCHANGE RIGHTS.  Ugomedia hereby
grants to each of the  Exchangeable  Shareholders:  (i) the right (the "EXCHANGE
RIGHT"),  upon the  occurrence  and during the  continuance of (A) an Insolvency

                                       3
<PAGE>

Event or (B) the  failure of Sciax or Sub,  as the case may be, by reason  other
than an  Insolvency  Event to purchase the Retracted  Shares  pursuant to a duly
completed and delivered Retraction Request, to require Ugomedia to purchase from
such Exchangeable Shareholder all or any part of the Exchangeable Shares held by
such Exchangeable  Shareholder;  and (ii) the Automatic  Exchange Rights, all in
accordance  with the  provisions of this  Agreement and the  Exchangeable  Share
Provisions, as the case may be.

2.2  RESERVATION OF SHARES OF UGOMEDIA  COMMON STOCK.  Ugomedia  hereby confirms
that pursuant to the Support  Agreement,  Ugomedia has reserved for issuance and
covenanted  to,  at  all  times  while  any  Exchangeable   Shares  (other  than
Exchangeable  Shares held by Ugomedia or its Affiliates) are  outstanding,  keep
available,  free from  pre-emptive  and other rights,  out of its authorized and
unissued  capital stock such number of Ugomedia Common Stock (or other shares or
securities  into which Ugomedia  Common Stock may be  reclassified or changed as
contemplated by the Support  Agreement) as is equal to the sum of (i) the number
of  Exchangeable  Shares issued and  outstanding  from time to time and (ii) the
number of  Exchangeable  Shares  issuable  upon the  exercise  of all  rights to
acquire  Exchangeable  Shares  outstanding from time to time and under any other
security  or  commitment  pursuant to which  Ugomedia  may now or  hereafter  be
required to issue Ugomedia Common Stock, to enable and permit it and Sub to meet
their  obligations under each of the Liquidation Call Right, the Retraction Call
Right and the  Redemption  Call Right and to enable and permit Sciax to meet its
respective obligations hereunder and under the Exchangeable Share Provisions.

2.3 LEGENDED SHARE CERTIFICATES.  Sciax will cause each certificate representing
Exchangeable  Shares to bear an appropriate  legend  notifying the  Exchangeable
Shareholders of:

     (a)  their  right  to  exercise  the  Exchange  Right  in  respect  of  the
          Exchangeable Shares; and

     (b)  the Automatic Exchange Rights.

2.4 PURCHASE PRICE. The purchase price payable by Ugomedia for each Exchangeable
Share to be purchased by Ugomedia under the Exchange Right shall be equal to the
Exchangeable  Share  Price.  In  connection  with each  exercise of the Exchange
Rights,  Ugomedia will provide to the Exchangeable  Shareholders exercising such
rights a certificate of one of its senior officers setting forth the calculation
of the purchase price for each  Exchangeable  Share. The purchase price for each
Exchangeable Share so purchased may only be satisfied by Ugomedia  delivering or
causing to be delivered to an Exchangeable  Shareholder the  Exchangeable  Share
Consideration  subject  to any  applicable  withholding  taxes  and for  greater
certainty any Withholding Obligations.

2.5 EXERCISE INSTRUCTIONS. Subject to the terms and conditions herein set forth,
an Exchangeable  Shareholder  shall be entitled,  upon the occurrence and during
the  continuance  of an event as provided  by  Subsection  2.1(i)(A)  or (B), to
exercise the Exchange Right with respect to all or any part of the  Exchangeable
Shares registered in the name of such  Exchangeable  Shareholder on the books of
Sciax.  To exercise the  Exchange  Right,  the  Exchangeable  Shareholder  shall
deliver to  Ugomedia,  in person or by  certified  or  registered  mail,  at its

                                       4
<PAGE>

principal  corporate  office or at such other place as Ugomedia may from time to
time  designate  by  written  notice  to  the  Exchangeable  Shareholders,   the
certificates  representing  the  Exchangeable  Shares  which  such  Exchangeable
Shareholder   desires  Ugomedia  to  purchase,   duly  endorsed  in  blank,  and
accompanied by such other documents and instruments as may be required to effect
a transfer of Exchangeable  Shares under applicable law and the by-laws of Sciax
and such additional documents and instruments as Ugomedia may reasonably require
together  with (a) a duly  completed  form of notice of exercise of the Exchange
Right  stating:  (i) that the  Exchangeable  Shareholder  thereby  exercises the
Exchange  Right so as to require  Ugomedia  to purchase  from such  Exchangeable
Shareholder the number of Exchangeable Shares specified therein;  (ii) that such
Exchangeable Shareholder has good title to and owns all such Exchangeable Shares
to be acquired by Ugomedia free and clear of all liens, claims and encumbrances;
(iii) the names in which the  certificates  representing  Ugomedia  Common Stock
issuable in connection with the exercise of the Exchange Right are to be issued;
and (iv) the names and  addresses  of the persons to whom such new  certificates
should be  delivered,  and (b) payment (or evidence of payment  satisfactory  to
Sciax and Ugomedia) of the taxes,  if any,  payable as  contemplated  by Section
2.8. If only a part of the Exchangeable Shares represented by any certificate or
certificates  delivered to Ugomedia  are to be  purchased by Ugomedia  under the
Exchange  Right,  then a new  certificate  for the balance of such  Exchangeable
Shares shall be issued to such Exchangeable  Shareholder at the expense of Sciax
and Ugomedia.

2.6  DELIVERY OF UGOMEDIA  COMMON  STOCK;  EFFECT OF  EXERCISE.  Promptly  after
receipt of the  certificates  representing  the  Exchangeable  Shares  which the
Exchangeable  Shareholder desires Ugomedia to purchase under the Exchange Right,
together with such  documents and  instruments  of transfer and a duly completed
form of notice of exercise of the Exchange Right and appropriate certificates or
other  assurances in respect of any applicable taxes related to the transaction,
duly  endorsed  for transfer to Ugomedia,  subject to  Withholding  Obligations,
Ugomedia  shall  deliver  or  cause  to be  delivered  to  the  holder  of  such
Exchangeable  Shares (or to such other persons,  if any, properly  designated by
such  Exchangeable  Shareholder),  the  certificates  for the number of Ugomedia
Common Stock  issuable in  connection  with the exercise of the Exchange  Right,
which shares shall be duly issued as fully paid and  non-assessable and shall be
free and clear of any lien,  claim or encumbrance,  and cheques for the balance,
if any, of the total  purchase  price  therefor  (less any  amounts  withheld on
account of tax required to be deducted and  withheld  therefrom  and for greater
certainty subject to any Withholding  Obligations);  provided,  however, that no
such  delivery  shall be made  unless  and  until the  Exchangeable  Shareholder
requesting  the same shall have paid (or  provided  evidence of payment  thereof
satisfactory to Sciax and Ugomedia) the taxes,  if any,  payable as contemplated
by  Section  2.8.  Immediately  upon the  giving of  notice by the  Exchangeable
Shareholder  to Ugomedia of the exercise of the Exchange  Right,  as provided in
this Section,  the closing of the transaction of purchase and sale  contemplated
by the Exchange Right shall be deemed to have  occurred,  and the holder of such
Exchangeable  Shares shall be deemed to have  transferred to Ugomedia all of its
right,  title and interest in and to such  Exchangeable  Shares and the Exchange
Right and the Automatic  Exchange Rights attaching thereto and shall cease to be
a holder of such  Exchangeable  Shares and shall not be entitled to exercise any
of the  rights of a holder in respect  thereof,  other than the right to receive
his  proportionate  part  of the  total  purchase  price  therefor,  unless  the
requisite  number of  Ugomedia  Common  Stock  (together  with a cheque  for the
balance, if any, of the total purchase price therefor (less any amounts withheld
on account of tax required to be deducted and withheld therefrom and for greater

                                       5
<PAGE>

certainty subject to any Withholding  Obligations)) is not allotted,  issued and
delivered  by  Ugomedia  to such  Exchangeable  Shareholder  (or to  such  other
persons, if any, properly designated by such Exchangeable  Shareholder),  within
five  (5)  Business  Days of the  date of the  giving  of  such  notice  by such
Exchangeable  Shareholder,   in  which  case  the  rights  of  the  Exchangeable
Shareholder  shall remain  unaffected  until such  Ugomedia  Common Stock are so
allotted,  issued and  delivered by Ugomedia and any such cheque is so delivered
and paid. Concurrently with such Exchangeable Shareholder ceasing to be a holder
of Exchangeable  Shares,  such Exchangeable  Shareholder shall be considered and
deemed for all purposes to be the holder of Ugomedia  Common Stock  delivered to
it pursuant to the Exchange Right.

2.7 EXERCISE OF EXCHANGE RIGHT  SUBSEQUENT TO  RETRACTION.  In the event that an
Exchangeable  Shareholder has exercised its right under the  Exchangeable  Share
Provisions  to require  Sciax to retract any or all of the  Exchangeable  Shares
held by such Exchangeable  Shareholder (the "RETRACTED  SHARES") and is notified
by Sciax pursuant to the  Exchangeable  Share  Provisions that Sciax will not be
permitted as a result of solvency requirements of applicable law to purchase all
such  Retracted  Shares,  and  provided  that Sub shall not have  exercised  the
Retraction  Call  Right  with  respect  to the  Retracted  Shares  and  that the
Exchangeable Shareholder has not revoked the retraction request delivered by the
Exchangeable Shareholder to Sciax pursuant to the Exchangeable Share Provisions,
the retraction  request will constitute and will be deemed to constitute  notice
from the  Exchangeable  Shareholder  to Ugomedia to exercise the Exchange  Right
with respect to those Retracted Shares which Sciax is unable to purchase.

2.8  STAMP OR OTHER  TRANSFER  TAXES.  Upon any sale of  Exchangeable  Shares to
Ugomedia  pursuant to the Exchange Right or the Automatic  Exchange Rights,  the
share  certificate  or  certificates  representing  Ugomedia  Common Stock to be
delivered in connection  with the payment of the total  purchase  price therefor
shall be issued in the name of the Exchangeable  Shareholder of the Exchangeable
Shares so sold or in such names as such  Exchangeable  Shareholder may otherwise
direct  in  writing  without  charge  to  the  Exchangeable  Shareholder  of the
Exchangeable Shares so sold;  provided,  however,  that any delivery of Ugomedia
Common Stock shall be subject to Withholding  Obligations and such  Exchangeable
Shareholder:  (a) shall pay (and neither Ugomedia nor Sciax shall be required to
pay) any documentary,  stamp,  transfer,  withholding or other taxes that may be
payable in respect of any  transfer,  issuance  or  delivery of such shares to a
person other than such Exchangeable Shareholder;  or (b) shall have established,
to the  satisfaction  of Ugomedia and Sciax,  that such taxes, if any, have been
paid. The Shareholder  agrees that Ugomedia,  Sub and Sciax shall be entitled to
rights of withholding in respect of applicable  taxes triggered upon the payment
of a dividend or consideration  otherwise  payable to any holder of Exchangeable
Shares, as more particularly set forth in the Exchangeable Share Provisions.

2.9 NOTICE OF INSOLVENCY EVENT. Immediately upon the occurrence of an Insolvency
Event or any event  which  with the  giving of notice or the  passage of time or
both would be an Insolvency  Event,  Sciax,  Sub and Ugomedia shall give written
notice  thereof to each  Exchangeable  Shareholder,  at the expense of Ugomedia,
which notice shall  contain a brief  statement of the right of the  Exchangeable
Shareholders with respect to the Exchange Right.

                                       6
<PAGE>

2.10 AUTOMATIC EXCHANGE ON LIQUIDATION OF UGOMEDIA.

     (a)  Ugomedia will give each  Exchangeable  Shareholder  written  notice of
          each of the following events (each a "LIQUIDATION  EVENT") at the time
          set forth below:

          (i)  in the event of any  determination  by the board of  directors of
               Ugomedia  to  institute  voluntary  liquidation,  dissolution  or
               winding-up  proceedings with respect to Ugomedia or to effect any
               other  distribution of assets of Ugomedia among its  stockholders
               for the purpose of winding up it affairs,  at least 60 days prior
               to the proposed effective date of such liquidation,  dissolution,
               winding-up or other distribution; and

          (ii) immediately, upon the earlier of:

               (A)  receipt by Ugomedia of notice of; and

               (B)  Ugomedia's otherwise becoming aware,

                    of any  threatened or instituted  claim,  suit,  petition or
                    other   proceedings   with   respect   to  the   involuntary
                    liquidation,  dissolution  or  winding-up  of Ugomedia or to
                    effect any other  distribution  of assets of Ugomedia  among
                    its stockholders for the propose of winding up its affairs.

          Such  notice  shall  include  a  brief  description  of the  automatic
          exchange of Exchangeable Shares for Ugomedia Common Stock provided for
          in Subsection 2.10(b).

     (b)  In order for the  Exchangeable  Shareholders to be able to participate
          on a pro rata basis with the holders of Ugomedia  Common  Stock in the
          distribution  of assets of Ugomedia in  connection  with a Liquidation
          Event,  immediately  prior to the earlier of (i) the 5th  Business Day
          prior  to the  effective  date of a  Liquidation  Event,  and (ii) the
          record date of such  distribution  of assets (the  "LIQUIDATION  EVENT
          EFFECTIVE  DATE")  each of the then  outstanding  Exchangeable  Shares
          shall be  automatically  exchanged  for one share of  Ugomedia  Common
          Stock. To effect such automatic exchange, Ugomedia shall purchase each
          Exchangeable Share outstanding on the Liquidation Event Effective Date
          held by Exchangeable  Shareholders,  and each Exchangeable Shareholder
          shall  sell  the  Exchangeable  Shares  held  by it at  such  time  to
          Ugomedia,  for an amount  per share  equal to the  Exchangeable  Share
          Price  applicable  on the last  Business Day prior to the  Liquidation
          Event  Effective Date (the  "LIQUIDATION  EVENT PURCHASE  PRICE").  In
          connection  with  each  exercise  of the  Automatic  Exchange  Rights,
          Ugomedia will provide to the Exchangeable Shareholders exercising such
          rights a certificate of one of its senior  officers  setting forth the
          calculation of the Liquidation  Event Purchase Price.  The Liquidation
          Event Purchase  Price may only be satisfied by Ugomedia  delivering or
          causing  to  be  delivered   to  an   Exchangeable   Shareholder   the
          Exchangeable   Share   Consideration,   subject   to  any   applicable
          withholding   taxes  and  for  greater   certainty   any   Withholding
          Obligation.

                                       7
<PAGE>

     (c)  On the Liquidation Event Effective Date the closing of the transaction
          of  purchase  and  sale  contemplated  by the  automatic  exchange  of
          Exchangeable  Shares for Ugomedia Common Stock shall be deemed to have
          occurred,  and each  Exchangeable  Shareholder of Exchangeable  Shares
          shall  be  deemed  to  have   transferred  to  Ugomedia  all  of  such
          Exchangeable  Shareholder's  right,  title and interest in and to such
          Exchangeable  Shares and the Exchange Right and the Automatic Exchange
          Rights attaching  thereto,  except that each Exchangeable  Shareholder
          shall have the right to receive such  holder's  proportionate  part of
          the  total   Liquidation   Event   Purchase   Price  payable  to  such
          Exchangeable  Shareholder  by  Ugomedia,  subject  to  any  applicable
          withholding   taxes  and  for  greater   certainty   any   Withholding
          Obligations,  upon  presentation  and  surrender by such  Exchangeable
          Shareholder of  Exchangeable  Share  certificates  deemed to represent
          Ugomedia Common Stock,  duly endorsed in blank and accompanied by such
          instruments   of  transfer  as  Ugomedia   may   reasonably   require.
          Concurrently  with  such  Exchangeable  Shareholders  ceasing  to be a
          holder of Exchangeable Shares, such Exchangeable Shareholders shall be
          considered  and deemed for all  purposes to be the holders of Ugomedia
          Common  Stock  issued to them  pursuant to the  automatic  exchange of
          Exchangeable  Shares for Ugomedia  Common  Stock and the  certificates
          held by the  Exchangeable  Shareholders  previously  representing  the
          Exchangeable  Shares  exchanged by the  Exchangeable  Shareholder with
          Ugomedia  pursuant to such  automatic  exchange  shall  thereafter  be
          deemed  to  represent   the  Ugomedia   Common  Stock  issued  to  the
          Exchangeable  Shareholder  by  Ugomedia  pursuant  to  such  automatic
          exchange.

2.11 UGOMEDIA LIQUIDATION CALL RIGHT

     (a)  Ugomedia  and Sub shall have the  overriding  right (the  "LIQUIDATION
          CALL RIGHT"),  in the event of and  notwithstanding  the  liquidation,
          dissolution  or winding-up of Sciax or any other  distribution  of the
          assets of Sciax among its  shareholders  for the purpose of winding-up
          its  affairs  set  forth  in  Section  5.1 of the  Exchangeable  Share
          Provisions (the "LIQUIDATION DATE"), to purchase from all but not less
          than all, of the  holders of  Exchangeable  Shares on the  Liquidation
          Date (other than Ugomedia or any  Affiliate  thereof) all but not less
          than  all of the  Exchangeable  Shares  held by each  such  holder  on
          payment by Ugomedia or Sub to each  holder of the  Exchangeable  Share
          Price  applicable  on the last  Business Day prior to the  Liquidation
          Date (the  "LIQUIDATION  CALL PURCHASE  PRICE"),  which as provided in
          this section  2.11,  shall be fully paid and satisfied by the delivery
          by or on  behalf  of  Ugomedia  or Sub,  as the  case  may be,  of the
          Exchangeable  Share  Consideration  representing  the Liquidation Call
          Purchase Price,  subject to any applicable  withholding  taxes and for
          greater  certainty any  Withholding  Obligations.  In the event of the
          exercise of the Liquidation Call Right by Ugomedia or Sub, each holder
          shall be  obligated  to sell all the  Exchangeable  Shares held by the
          holder to Ugomedia or Sub on the  Liquidation  Event Effective Date on
          payment  by  Ugomedia  or Sub  to the  holder  of the  Exchange  Share
          Consideration  representing  the  Liquidation  Call Purchase Price for
          each such share,  subject to any applicable  withholding taxes and for
          greater certainty any Withholding Obligations.

                                       8
<PAGE>

     (b)  To exercise the Liquidation  Call Right,  Ugomedia or Sub, as the case
          may be, must notify the holders of Exchangeable  Shares,  and Sciax of
          its  intention  to  exercise  such  right at least 60 days  before the
          Liquidation Date in the case of a voluntary  liquidation,  dissolution
          or  winding-up  of Sciax and at least five  Business  Days  before the
          Liquidation   Date  in  the  case  of  an   involuntary   liquidation,
          dissolution  or winding-up of Sciax.  If Ugomedia or Sub exercises the
          Liquidation Call Right, on the Liquidation  Date,  Ugomedia or Sub, as
          the case may be, will  purchase  and the holders  will sell all of the
          Exchangeable  Shares  then  outstanding  for  the  Exchangeable  Share
          Consideration  representing the total Liquidation Call Purchase Price,
          subject to any applicable  withholding taxes and for greater certainty
          any Withholding Obligations.

     (c)  Provided that Ugomedia or Sub exercise the  Liquidation  Call Right in
          the manner  described  above, the right of each holder of Exchangeable
          Shares will be limited to receiving such holder's  proportionate share
          of  the  Exchangeable  Share  Consideration   representing  the  total
          Liquidation  Call  Purchase  Price  payable by Ugomedia or Sub without
          interest  (subject  to  applicable  withholding  taxes and for greater
          certainty any Withholding Obligations) upon presentation and surrender
          by the holder of certificates  representing  the  Exchangeable  Shares
          held by such holder and the holder shall on and after the  Liquidation
          Date be considered and deemed for all purposes to be the holder of the
          Ugomedia  Common Stock  delivered to it. Upon surrender to Ugomedia or
          Sub of a certificate or  certificates  representing  the  Exchangeable
          Shares,  together with such other  documents and instruments as may be
          required to effect a transfer of Exchangeable Shares under the Act and
          the by-laws of Sciax and such additional  documents and instruments as
          Ugomedia or Sub may reasonably require, the holder of such surrendered
          certificate or  certificates  shall be entitled to receive in exchange
          therefor,  and  Ugomedia  or Sub shall  transfer to such  holder,  the
          Exchangeable  Share  Consideration  to which the  holder is  entitled,
          subject to any applicable  withholding taxes and for greater certainty
          any Withholding Obligations.  If Ugomedia or Sub does not exercise the
          Liquidation   Call  Right  in  the  manner  described  above,  on  the
          Liquidation  Date  the  holders  of the  Exchangeable  Shares  will be
          entitled  to receive  in  exchange  therefor  the  Exchangeable  Share
          Consideration representing the Liquidation Amount otherwise payable by
          Sciax in connection with the liquidation, dissolution or winding-up of
          Sciax  pursuant  to Article 5 of the  Exchangeable  Share  Provisions,
          subject to any applicable  withholding taxes and for greater certainty
          any Withholding Obligations.

2.12 UGOMEDIA REDEMPTION CALL RIGHT.

     (a)  Ugomedia and Sub shall have the overriding right (the "REDEMPTION CALL
          RIGHT"),  notwithstanding  the proposed redemption of the Exchangeable
          Shares  by Sciax  pursuant  to  Article  7 of the  Exchangeable  Share
          Provisions,  to  purchase  from all,  but not less  than  all,  of the
          holders of Exchangeable Shares on the Automatic Redemption Date (other
          than Ugomedia or any  Affiliate  thereof) all but not less than all of
          the  Exchangeable  Shares  held by each  such  holder  on  payment  by
          Ugomedia  or  Sub to  the  holder  of  the  Exchangeable  Share  Price

                                       9
<PAGE>

          applicable on the last Business Day prior to the Automatic  Redemption
          Date (the "REDEMPTION CALL PURCHASE PRICE"), which as provided in this
          section 2.12, shall be fully paid and satisfied by the transfer of the
          Exchangeable  Share  Consideration  representing  the Redemption  Call
          Purchase Price to the holders of Exchangeable  Shares,  subject to any
          applicable withholding taxes and for greater certainty any Withholding
          Obligations. In the event of the exercise of the Redemption Call Right
          by Ugomedia or Sub,  each holder  shall be  obligated  to sell all the
          Exchangeable  Shares  held by the  holder  to  Ugomedia  or Sub on the
          Automatic  Redemption Date on payment by Ugomedia or Sub to the holder
          of the Exchangeable  Share  Consideration  representing the Redemption
          Call  Purchase  Price for each such share,  subject to any  applicable
          withholding   taxes  and  for  greater   certainty   any   Withholding
          Obligations.

     (b)  To exercise the Redemption Call Right, Ugomedia or Sub must notify the
          Shareholder and Sciax of its intention to exercise such right at least
          60 days  before the  Automatic  Redemption  Date.  If  Ugomedia or Sub
          exercises the Redemption Call Right, on the Automatic Redemption Date,
          Ugomedia or Sub will purchase and the Shareholder will sell all of the
          Exchangeable  Shares  then  outstanding  for  the  Exchangeable  Share
          Consideration  representing  the total Redemption Call Purchase Price,
          subject to any applicable  withholding taxes and for greater certainty
          any Withholding Obligations.

     (c)  Provided  that Ugomedia or Sub exercise the  Redemption  Call Right in
          the manner described below, on and after the Automatic Redemption Date
          the rights of each  holder of  Exchangeable  Shares will be limited to
          receiving such holder's  proportionate share of the Exchangeable Share
          Consideration  representing  the total  Redemption Call Purchase Price
          payable by Ugomedia or Sub (subject to  applicable  withholding  taxes
          and  for  greater   certainty  any   Withholding   Obligations)   upon
          presentation and surrender by the holder of certificates  representing
          the  Exchangeable  Shares held by such holder and the holder  shall on
          and after the Automatic  Redemption  Date be considered and deemed for
          all purposes to be the holder of the Exchangeable Share  Consideration
          delivered  to such  holder.  Upon  surrender  to  Ugomedia or Sub of a
          certificate or certificates representing Exchangeable Shares, together
          with such other documents and instruments as may be required to effect
          a transfer  of  Exchangeable  Shares  under the Act and the by-laws of
          Sciax and Ugomedia and such  additional  documents and  instruments as
          Ugomedia or Sub may reasonably require, the holder of such surrendered
          certificate or  certificates  shall be entitled to receive in exchange
          therefor,  the Exchangeable Share Consideration to which the holder is
          entitled,  subject to any applicable withholding taxes and for greater
          certainty  any  Withholding  Obligations.  If Ugomedia or Sub does not
          exercise the Redemption Call Right in the manner  described  above, on
          the Automatic  Redemption Date the holders of the Exchangeable  Shares
          will be  entitled  to receive in exchange  therefor  the  Exchangeable
          Share  Consideration   representing  the  Redemption  Price  otherwise
          payable by Sciax in connection with the redemption of the Exchangeable
          Shares  pursuant to Article 7 of the  Exchangeable  Share  Provisions,

                                       10
<PAGE>

          subject to any applicable  withholding taxes and for greater certainty
          any Withholding Obligations.

2.13 REDEMPTION OF PREFERRED SHARES.  Upon the exchange,  purchase or redemption
of the Exchangeable Shares pursuant to any of the provisions of Article 2 hereof
or  pursuant  to  the  Exchangeable   Share  Provisions,   the  holders  of  the
Exchangeable  Shares shall offer for  redemption by Ugomedia 0.25 of a Preferred
Share for every  Exchangeable  Share to be  exchanged,  purchased or redeemed in
accordance thereof,  and Ugomedia hereby agrees to redeem such Preferred Shares,
without any additional  consideration  for such redemption paid to the holder of
the Preferred Shares. The holders of the Exchangeable  Shares shall surrender to
Ugomedia or Sub a certificate or certificates  representing the Preferred Shares
to be redeemed,  together with such other  documents and  instruments  as may be
required  to  effect a  redemption  of  Preferred  Shares  under the Act and the
by-laws of Ugomedia and such additional documents and instruments as Ugomedia or
Sub may reasonably require.

2.14 WARRANTY OF UGOMEDIA.  Ugomedia hereby  represents,  warrants and covenants
that it has reserved for  issuance  and will at all times keep  available,  free
from  pre-emptive and other rights,  out of its authorized and unissued  capital
stock  such  number  of  shares  of  Ugomedia  Common  Stock  as are now and may
hereafter  be  required  to  enable  and  permit  Sciax to meet its  obligations
hereunder,  under the Support Agreement, under the Exchangeable Share Provisions
and under any other security or commitment pursuant to which Ugomedia may now or
hereafter be required to issue shares of Ugomedia Common Stock.

                                   ARTICLE 3
                               UGOMEDIA SUCCESSORS

3.1  UGOMEDIA  REORGANIZATIONS.  Ugomedia  shall not enter into any  transaction
(whether  by  way  of  reconstruction,  reorganization,  consolidation,  merger,
transfer,  sale,  lease or otherwise)  whereby all or  substantially  all of its
undertaking,  property  and assets would become the property of any other person
or, in the case of a merger, of the continuing  corporation  resulting therefrom
unless  (i)  such  other  person  or  continuing  corporation,   (the  "UGOMEDIA
SUCCESSOR"), by operation of law becomes, without an additional act on its part,
bound by the  terms  and  provisions  of this  Agreement  or,  if not so  bound,
executes,   prior  to  or  contemporaneously   with  the  consummation  of  such
transaction an agreement supplemental hereto and such other instruments, if any,
as are  necessary  or  advisable  to evidence  the  assumption  by the  Ugomedia
Successor of all  obligations  of Ugomedia  under this  Agreement  and (ii) such
transactions  shall be upon such terms as  substantially  to preserve and not to
impair in any material respect any of the rights, duties, powers and authorities
of the Exchangeable Shareholders hereunder.

3.2 VESTING OF POWERS IN SUCCESSOR.  Whenever the conditions of Section 3.1 have
been duly observed and performed,  the Ugomedia  Successor,  Sub and Sciax shall
execute the necessary supplemental  agreement, if any is required by Section 3.1
(and give notice  thereof to the  Exchangeable  Shareholders)  and thereupon the
Ugomedia  Successor  shall  possess and from time to time may exercise  each and
every right and power of Ugomedia  under this  Agreement in the name of Ugomedia

                                       11
<PAGE>

or  otherwise  and any act or  proceeding  by any  provision  of this  Agreement
required to be done or  performed  by the board of  directors of Ugomedia or any
officers of Ugomedia may be done and performed with like force and effect by the
directors or officers of such Ugomedia Successor.

3.3 WHOLLY-OWNED  SUBSIDIARIES.  Nothing herein shall be construed as preventing
the  amalgamation or merger of any  wholly-owned  subsidiary of Ugomedia with or
into Ugomedia or the winding up,  liquidation or dissolution of any wholly-owned
subsidiary  of  Ugomedia  provided  that all the assets of such  subsidiary  are
transferred  to  Ugomedia or another  wholly-owned  subsidiary  of Ugomedia  and
provided  that  such  event  is not in any  way  prejudicial  to the  rights  or
interests  of the  holders of  Exchangeable  Shares and  provided  that any such
transactions are expressly permitted by this Article 3.

                                   ARTICLE 4
                                     GENERAL

4.1 TERM.  This Agreement  shall come into force and be effective as of the date
hereof and shall terminate and be of no further force and effect at such time as
no Exchangeable Shares (or securities or rights convertible into or exchangeable
for or carrying  rights to acquire  Exchangeable  Shares) are held by any person
other than Ugomedia and any of its Affiliates.

4.2  SEVERABILITY.  If any  provision  of this  Agreement is held to be invalid,
illegal or  unenforceable,  the  validity,  legality  or  enforceability  of the
remainder of this Agreement shall not in any way be affected or impaired thereby
and this Agreement shall be carried out as nearly as possible in accordance with
its original terms and conditions.

4.3  AMENDMENTS,  MODIFICATIONS.  This  Agreement may not be amended or modified
except by an  agreement  in writing  executed  by Sciax,  Sub and  Ugomedia  and
approved by the holders of the Exchangeable  Shares in accordance with Article 9
of the  Exchangeable  Share  Provisions.  At all times after the occurrence of a
permitted  event as a result of which either the shares of Ugomedia Common Stock
or the Exchangeable Shares or both are in any way changed,  this Agreement shall
forthwith  be amended and modified as necessary in order that it will apply with
full  force and  effect,  mutatis  mutandis,  to all new  securities  into which
Ugomedia Common Stock or Exchangeable Shares or both are so changed.

4.4 MINISTERIAL  AMENDMENTS.  Notwithstanding the provisions of Section 4.3, the
parties  to this  Agreement  may in  writing  at any time and from time to time,
without the approval of the holders of the Exchangeable  Shares, amend or modify
this Agreement for the purposes of:

     (a)  adding to the  covenants of any or all parties for the  protection  of
          the holders of the Exchangeable Shares;

     (b)  making such amendments or  modifications  not  inconsistent  with this
          Agreement as may be necessary or desirable  with respect to matters or
          questions  which,  in the good faith opinion of the Board of Directors
          of each of  Sciax,  Sub and  Ugomedia,  it may be  expedient  to make,
          provided that each such Board of Directors  shall be of the good faith
          opinion that such amendments or modifications  will not be prejudicial
          to the rights or interests of the holders of the Exchangeable  Shares;
          or

                                       12
<PAGE>

     (c)  making such changes or corrections  which, on the advice of counsel to
          Sciax,  Sub and  Ugomedia,  are  required for the purpose of curing or
          correcting  any  ambiguity  or defect  or  inconsistent  provision  or
          clerical  omission or mistake or  manifest  error,  provided  that the
          Boards of Directors of each of Sciax, Sub and Ugomedia shall be of the
          good  faith  opinion  that such  changes  or  corrections  will not be
          prejudicial  to  the  rights  or  interests  of  the  holders  of  the
          Exchangeable Shares.

4.5 MEETING TO CONSIDER  AMENDMENTS.  Sciax,  at the request of Ugomedia,  shall
call a meeting or  meetings of the  holders of the  Exchangeable  Shares for the
purpose of considering any proposed amendment or modification requiring approval
pursuant to Section 4.3 hereof. Any such meeting or meetings shall be called and
held in accordance with the by-laws of Sciax, the Exchangeable  Share Provisions
and all applicable laws.

4.6 ENUREMENT.  This Agreement shall be binding upon and enure to the benefit of
the  parties  hereto  and  their  respective  heirs,   representatives,   heirs,
representatives, successors and permitted assigns.

4.7 NOTICES TO PARTIES. All notices and other communications between the parties
to this Agreement  shall be in writing and shall be deemed to have been given if
delivered  personally or by confirmed telecopy at the following addresses (or at
such other address for any such party as shall be specified in like notice):

         (i)      to Ugomedia, Sub and Sciax:

                  233 Carlaw Ave., Suite 401
                  Toronto, Ontario   M4M 3N6
                  Attention:  Ken Smart
                  Facsimile:  (416) 778-8775

         (ii)     to  the   Shareholder,   to  the  address  set  forth  in  the
                  Shareholder  Purchase Agreement executed by the parties on the
                  date hereof.

     Any notice or other  communication given personally shall be deemed to have
been given and received upon delivery  thereof and if given by telecopy shall be
deemed to have been given and received on the date of confirmed  receipt thereof
unless  such day is not a Business  Day in which case it shall be deemed to have
been given and received upon the immediately following Business Day.

4.8 COUNTERPARTS.  This Agreement may be executed in counterparts, each of which
shall be deemed an original,  and all of which taken together  shall  constitute
one and the same instrument.

4.9 GOVERNING LAWS. This Agreement shall be governed in accordance with the laws
of the Province of Ontario and the federal laws applicable therein.

                                       13
<PAGE>

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

                                     UGOMEDIA INTERACTIVE
                                     CORPORATION

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

                                     SCIAX TECHNOLOGY INC.

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

                                     4137639 CANADA INC.,

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

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

                                       14
<PAGE>

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