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                                                                   Exhibit 10.cc

                            SKYWORKS SOLUTIONS, INC.

                        2002 EMPLOYEE STOCK PURCHASE PLAN

1.      PURPOSE.

        The Skyworks Solutions, Inc. 2002 Employee Stock Purchase Plan
(hereinafter the "Plan") is intended to provide a method whereby employees of
Skyworks Solutions, Inc. (the "Company") and its participating subsidiaries (as
defined in Article 18) will have an opportunity to acquire a proprietary
interest in the Company through the purchase of shares of the Company's Common
Stock. It is the intention of the Company to have the Plan qualify as an
"employee stock purchase plan" under Section 423 of the Internal Revenue Code of
1986, as amended (the "Internal Revenue Code"). The provisions of the Plan
shall, accordingly, be construed so as to extend and limit participation in a
manner consistent with the requirements of that Section of the Internal Revenue
Code.

2.      ELIGIBLE EMPLOYEES.

        All employees of the Company or any of its participating subsidiaries
who are employed by the Company at least ten (10) business days prior to the
first day of the applicable Offering Period shall be eligible to receive options
under this Plan to purchase the Company's Common Stock. Except as otherwise
provided herein, persons who become eligible employees after the first day of
any Offering Period shall be eligible to receive options on the first day of the
next succeeding Offering Period on which options are granted to eligible
employees under the Plan. For the purpose of this Plan, the term employee shall
not include an employee whose customary employment is less than twenty (20)
hours per week or is for not more than five (5) months in any calendar year.

        In no event may an employee be granted an option if such employee,
immediately after the option is granted, owns stock possessing five (5%) percent
or more of the total combined voting power or value of all classes of stock of
the Company or of its parent corporation or subsidiary corporation as the terms
"parent corporation" and "subsidiary corporation" are defined in Section 424(e)
and (f) of the Internal Revenue Code. For purposes of determining stock
ownership under this paragraph, the rules of Section 424(d) of the Internal
Revenue Code shall apply and stock which the employee may purchase under
outstanding options shall be treated as stock owned by the employee.

3.      STOCK SUBJECT TO THE PLAN.

        The stock subject to the options granted hereunder shall be shares of
the Company's authorized but unissued Common Stock or shares of Common Stock
reacquired by the Company, including shares purchased in the open market.
Subject to approval of the stockholders, the aggregate number of shares which
may be issued pursuant to the Plan is 1,880,000 for all Offering Periods,
subject to increase or decrease by reason of stock split-ups, reclassifications,
stock dividends, changes in par value and the like. If any option granted under
the Plan shall expire or terminate for any reason

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without having been exercised in full or shall cease for any reason to be
exercisable in whole or in part, the unpurchased shares subject to such option
shall again be available under the Plan. If the number of shares of Common Stock
available for any Offering Period is insufficient to satisfy all purchase
requirements for that Offering Period, the available shares for that Offering
Period shall be apportioned among participating employees in proportion to their
options.

4.      OFFERING PERIODS AND STOCK OPTIONS.

        There shall be Offering Periods during which payroll deductions will be
accumulated under the Plan. Each Offering Period includes only regular pay days
falling within it. The Committee shall be expressly permitted to establish the
Offering Periods, including the Offering Commencement Date and Offering
Termination Date of any Offering Period, under this Plan. The Offering
Commencement Date is the first day of each Offering Period. The Offering
Termination Date is the applicable date on which an Offering Period ends under
this Plan.

        Subject to the foregoing, the Offering Periods shall generally commence
and end as follows:

<TABLE>
<CAPTION>
    OFFERING                              OFFERING
COMMENCEMENT DATES                    TERMINATION DATES
------------------                    -----------------
<S>                                   <C>
Each August 1                         Each January 31
Each February 1                       Each July 31
</TABLE>

        Provided, however, that (i) the Offering Commencement Date and Offering
Termination Date of the initial Offering Period under this Plan shall be October
21, 2002 and March 31, 2003, respectively, and (ii) the Offering Commencement
Date and Offering Termination Date of the Offering Period immediately following
the initial Offering Period under this Plan shall be April 1, 2003 and July 31,
2003, respectively.

        On each Offering Commencement Date, the Company will grant to each
eligible employee who is then a participant in the Plan an option to purchase on
the Offering Termination Date at the Option Exercise Price, as hereinafter
provided, that number of full shares of Common Stock reserved for the purpose of
the Plan, up to a maximum of 1,000 shares, subject to increase or decrease (i)
at the discretion of the Committee before each Offering Period or (ii) by reason
of stock split-ups, reclassifications, stock dividends, changes in par value and
the like (the "Share Cap"); provided that such employee remains eligible to
participate in the Plan throughout such Offering Period. If the eligible
employee's accumulated payroll deductions on the Offering Termination Date would
enable the eligible employee to purchase more than the Share Cap except for the
Share Cap, the excess of the amount of the accumulated payroll deductions over
the aggregate purchase price of the Share Cap shall be refunded to the eligible
employee as soon as administratively practicable by the Company, without
interest. The Option Exercise Price for each Offering Period shall be the lesser
of (i) eighty-five percent (85%) of the fair market value of the Common Stock on
the Offering Commencement Date, or

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(ii) eighty-five percent (85%) of the fair market value of the Common Stock on
the Offering Termination Date, in either case rounded up to the next whole cent.
In the event of an increase or decrease in the number of outstanding shares of
Common Stock through stock split-ups, reclassifications, stock dividends,
changes in par value and the like, an appropriate adjustment shall be made in
the number of shares and Option Exercise Price per share provided for under the
Plan, either by a proportionate increase in the number of shares and
proportionate decrease in the Option Exercise Price per share, or by a
proportionate decrease in the number of shares and a proportionate increase in
the Option Exercise Price per share, as may be required to enable an eligible
employee who is then a participant in the Plan to acquire on the Offering
Termination Date that number of full shares of Common Stock as his accumulated
payroll deductions on such date will pay for at a price equal to the lesser of
(i) eighty-five percent (85%) of the fair market value of the Common Stock on
the Offering Commencement Date, or (ii) eighty-five percent (85%) of the fair
market value of the Common Stock on the Offering Termination Date, in either
case rounded up to the next whole cent, as so adjusted.

        For purposes of this Plan, the term "fair market value" means, if the
Common Stock is listed on a national securities exchange or is on the National
Association of Securities Dealers Automated Quotation ("Nasdaq") National Market
system, the closing sale price of the Common Stock on such exchange or as
reported on Nasdaq or, if the Common Stock is traded in the over-the-counter
securities market, but not on the Nasdaq National Market, the closing bid
quotation for the Common Stock, each as published in The Wall Street Journal. If
no shares of Common Stock are traded on the Offering Commencement Date or
Offering Termination Date, the fair market value will be determined on the next
regular business day on which shares of Common Stock are traded.

        For purposes of this Plan the term "business day" as used herein means a
day on which there is trading on the Nasdaq National Market or such national
securities exchange on which the Common Stock is listed.

        No employee shall be granted an option which permits his rights to
purchase Common Stock under the Plan and any similar plans of the Company or any
parent or subsidiary corporations to accrue at a rate which exceeds $25,000 of
fair market value of such stock (determined at the time such option is granted)
for each calendar year in which such option is outstanding at any time. The
purpose of the limitation in the preceding sentence is to comply with and shall
be construed in accordance with Section 423(b)(8) of the Internal Revenue Code.
If the participant's accumulated payroll deductions on the last day of the
Offering Period would otherwise enable the participant to purchase Common Stock
in excess of the Section 423(b)(8) limitation described in this paragraph, the
excess of the amount of the accumulated payroll deductions over the aggregate
purchase price of the shares actually purchased shall be refunded as soon as
administratively practicable to the participant by the Company, without
interest.

5.      EXERCISE OF OPTION.

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        Each eligible employee who continues to be a participant in the Plan on
the Offering Termination Date shall be deemed to have exercised his or her
option on such date and shall be deemed to have purchased from the Company such
number of full shares of Common Stock reserved for the purpose of the Plan as
his or her accumulated payroll deductions on such date will pay for at the
Option Exercise Price subject to the Share Cap and the Section 423(b)(8)
limitation described in Article 4. If a participant is not an employee on the
Offering Termination Date and throughout an Offering Period, he or she shall not
be entitled to exercise his or her option.

If a participant's accumulated payroll deductions in his or her account are
based on a currency other than the U.S. dollar, then on the Offering Termination
Date the accumulated payroll deductions in his or her account will be converted
into an equivalent value of U.S. dollars based upon the U.S. dollar-foreign
currency exchange rate in effect on that date, as reported in The Wall Street
Journal, provided that such conversion does not result in an Option Exercise
Price which is, in fact, less than the lesser of an amount equal to 85 percent
of the fair market value of the Common Stock at the time such option is granted
or 85 percent of the fair market value of the Common Stock at the time such
option is exercised. The Plan administrators (as defined in Article 19) shall
have the right to change such conversion date, as they deem appropriate to
effectively purchase shares on any Offering Termination Date, provided that such
action does not cause the Plan, or any grants under the Plan, to fail to qualify
under Section 423 of the Internal Revenue Code.

6.      AUTHORIZATION FOR ENTERING PLAN.

        An eligible employee may enter the Plan by following a written,
electronic or other enrollment process, including a payroll deduction
authorization, as prescribed by the Plan administrators under generally
applicable rules. Except as may otherwise be established by the Plan
administrators under generally applicable rules, all enrollment authorizations
shall be effective only if delivered to the designated Plan administrator(s) in
accordance with the prescribed procedures not later than ten (10) business days
before an applicable Offering Commencement Date Participation may be conditioned
on an eligible employee's consent to transfer and process personal data and on
acknowledgment and agreement to Plan terms and other specified conditions.

        The Company will accumulate and hold for the employee's account the
amounts deducted from his or her pay. No interest will be paid thereon.
Participating employees may not make any separate cash payments into their
account.

        Unless an employee files a new authorization, or withdraws from the
Plan, his or her deductions and purchases under the authorization he or she has
on file under the Plan will continue as long as the Plan remains in effect. An
employee may increase or decrease the amount of his or her payroll deductions as
of the next Offering Commencement Date by filing a revised payroll deduction
authorization in accordance with the procedures then applicable to such actions.
Except as may otherwise be established by the Plan administrators under
generally applicable rules, all revised authorizations shall be

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effective only if delivered to the designated Plan administrator(s) in
accordance with the prescribed procedures not later than ten (10) business days
before the next Offering Commencement Date.

7.      MAXIMUM AMOUNT OF PAYROLL DEDUCTIONS.

        An employee may authorize payroll deductions in an amount of not less
than one percent (1%) and not more than ten percent (10%) (in whole number
percentages only) of his or her eligible compensation. Such deductions shall be
determined based on the employee's election in effect on the payday on which
such eligible compensation is paid. An employee may not make any additional
payments into such account. Eligible compensation means the wages as defined in
Section 3401(a) of the Internal Revenue Code, determined without regard to any
rules that limit compensation included in wages based on the nature or location
or employment or services performed, including without limitation base pay,
shift premium, overtime, gain sharing (profit sharing), incentive compensation,
bonuses and commissions and all other payments made to the employee for services
as an employee during the applicable payroll period, and excluding the value of
any qualified or non-qualified stock option granted to the employee to the
extent such value is includible in the taxable wages, reimbursements or other
expense allowances, fringe benefits, moving expenses, deferred compensation, and
welfare benefits, but determined prior to any exclusions for any amounts
deferred under Sections 125, 401(k), 402(e)(3), 402(h)(1)(B), 403(b) or 457(b)
of the Internal Revenue Code or for certain contributions described in Section
457(h)(2) of the Internal Revenue Code that are treated as Company
contributions.

8.      UNUSED PAYROLL DEDUCTIONS.

        Only full shares of Common Stock may be purchased. Any balance remaining
in an employee's account after a purchase will be reported to the employee and
will be carried forward to the next Offering Period. However, in no event will
the amount of the unused payroll deductions carried forward from a payroll
period exceed the Option Exercise Price per share for that Offering Period. If
for any Offering Period the amount of unused payroll deductions should exceed
the Option Exercise Price per share, the amount of the excess for any
participant shall be refunded to such participant, without interest.

9.      CHANGE IN PAYROLL DEDUCTIONS.

        Unless otherwise permitted by the Committee prior to the commencement of
an Offering Period, payroll deductions may not be increased, decreased or
suspended by a participant during an Offering Period. However, a participant may
withdraw in full from the Plan.

10.     WITHDRAWAL FROM THE PLAN.

        An employee may withdraw from the Plan and withdraw all but not less
than all of the payroll deductions credited to his or her account under the Plan
prior to the Offering Termination Date by completing and filing a withdrawal
notification with the designated

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Plan administrator(s) in accordance with the prescribed procedures, in which
event the Company will refund as soon as administratively practicable without
interest the entire balance of such employee's deductions not previously used to
purchase Common Stock under the Plan. Except as may otherwise be prescribed by
the Plan administrators under generally applicable rules, all withdrawals shall
be effective only if delivered to the designated Plan administrator(s) in
accordance with the prescribed procedures not later than ten (10) business days
before the Offering Termination Date.

        An employee who withdraws from the Plan is like an employee who has
never entered the Plan; the employee's rights under the Plan will be terminated
and no further payroll deductions will be made. To reenter, such an employee
must re-enroll pursuant to the provisions of Article 6 before the next Offering
Commencement Date which cannot, however, become effective before the beginning
of the next Offering Period following his withdrawal. Notwithstanding the
foregoing, employees who are subject to Section 16 of the Securities Exchange
Act of 1934, as amended, who withdraw from the Plan may not reenter the Plan
until the next Offering Commencement Date which is at least six months following
the date of such withdrawal.

11.     ISSUANCE OF STOCK.

        As soon as administratively practicable after each Offering Period the
Company shall deliver (by electronic or other means) to the participant the
Common Stock purchased under the Plan, except as specified below. The Plan
administrators may permit or require that the Common Stock shares be deposited
directly with a broker or agent designated by the Plan administrators, and the
Plan administrators may utilize electronic or automated methods of share
transfer. In addition, the Plan administrators may require that shares be
retained with such broker or agent for a designated period of time (and may
restrict dispositions during that period) and/or may establish other procedures
to permit tracking of disqualifying dispositions of such shares or to restrict
transfer of such shares as required to ensure that the Company's applicable tax
withholding obligations are satisfied.

12.     NO TRANSFER OR ASSIGNMENT OF EMPLOYEE'S RIGHTS.

        An employee's rights under the Plan are his or hers alone and may not be
transferred or assigned to, or availed of by, any other person. Any option
granted to an employee may be exercised only by him or her, except as provided
in Article 13 in the event of an employee's death.

13.     TERMINATION OF EMPLOYEE'S RIGHTS.

        Except as set forth in Article 14, an employee's rights under the Plan
will terminate when he or she ceases to be an employee because of retirement,
resignation, lay-off, discharge, death, change of status, failure to remain in
the customary employ of the Company for twenty (20) hours or more per week, or
for any other reason. Notwithstanding anything to the contrary contained in
Article 10, a withdrawal notice

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will be considered as having been received from the employee on the day his or
her employment ceases, and all payroll deductions not used to purchase Common
Stock will be refunded without interest.

        Notwithstanding anything to the contrary contained in Article 10, if an
employee's payroll deductions are interrupted by any legal process, a withdrawal
notice will be considered as having been received from him or her on the day the
interruption occurs.

14.     DEATH OF AN EMPLOYEE.

        Upon termination of the participating employee's employment because of
death, the person(s) entitled to receipt of the Common Stock and/or cash as
provided in this Article 14 shall have the right to elect, by written notice
given to the Plan administrators prior to the expiration of the thirty (30) day
period commencing with the date of the death of the employee, either (i) to
withdraw, without interest, all of the payroll deductions credited to the
employee's account under the Plan, or (ii) to exercise the employee's option for
the purchase of shares of Common Stock on the next Offering Termination Date
following the date of the employee's death for the purchase of that number of
full shares of Common Stock reserved for the purpose of the Plan which the
accumulated payroll deductions in the employee's account at the date of the
employee's death will purchase at the applicable Option Exercise Price (subject
to the limitations set forth in Article 4), and any excess in such account (in
lieu of fractional shares) will be paid to the employee's estate as soon as
administratively practicable, without interest. In the event that no such
written notice of election shall be duly received by the Plan administrators,
the payroll deductions credited to the employee's account at the date of the
employee's death will be paid to the employee's estate as soon as
administratively practicable, without interest.

        Except as provided in the preceding paragraph, in the event of the
death of a participating employee, the Company shall deliver such Common Stock
and/or cash to the executor or administrator of the estate of the employee.

15.     TERMINATION AND AMENDMENTS TO PLAN.

        The Plan may be terminated at any time by the Company's Board of
Directors. It will terminate in any case on December 31, 2012, or if sooner,
when all of the shares of Common Stock reserved for the purposes of the Plan
have been purchased. In the event that the Board of Directors terminates the
Plan pursuant to this Article 15, the date of such termination shall be deemed
as the Offering Termination Date of the applicable Offering Period in which such
termination date occurs. Upon such termination or any other termination of the
Plan, all payroll deductions not used to purchase Common Stock will be refunded
without interest.

        The Committee or the Board of Directors may from time to time adopt
amendments to the Plan provided that, without the approval of the stockholders
of the Company, no amendment may (i) except as provided in Articles 3, 4, 24 and
25, increase the number of

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shares that may be issued under the Plan; (ii) change the class of employees
eligible to receive options under the Plan, if such action would be treated as
the adoption of a new plan for purposes of Section 423(b) of the Internal
Revenue Code; or (iii) cause Rule 16b-3 under the Securities Exchange Act of
1934 to become inapplicable to the Plan.

16.     LIMITATIONS OF SALE OF STOCK PURCHASED UNDER THE PLAN.

        The Plan is intended to provide shares of Common Stock for investment
and not for resale. The Company does not, however, intend to restrict or
influence any employee in the conduct of his or her own affairs. An employee
may, therefore, sell stock purchased under the Plan at any time the employee
chooses, subject to compliance with any applicable federal or state securities
laws and subject to any restrictions imposed under Articles 11 and 26. Each
employee agrees by entering the Plan to promptly give the Company notice of any
such Common Stock disposed of within two years after the Offering Commencement
Date on which the Common Stock was purchased showing the number of such shares
disposed of. The employee assumes the risk of any market fluctuations in the
price of such Common Stock.

17.     COMPANY'S OFFERING OF EXPENSES RELATED TO PLAN.

        The Company will bear all costs of administering and carrying out the
Plan.

18.     PARTICIPATING SUBSIDIARIES.

        The term "participating subsidiaries" shall mean any present or future
subsidiary of the Company which is designated by the Committee to participate in
the Plan. The Committee shall have the power to make such designation(s) before
or after the Plan is approved by the stockholders.

19.     ADMINISTRATION OF THE PLAN.

        The Plan may be administered by the Compensation Committee, or such
other committee as may be appointed by the Board of Directors of the Company
(the "Committee"). No member of the Committee shall be eligible to participate
in the Plan while serving as a member of the Committee. In the event that the
Board of Directors fails to appoint or refrains from appointing a Committee, the
Board of Directors shall have all power and authority to administer the Plan (in
such event the word "Committee" shall refer to the Board of Directors).

        The Committee shall have the authority to construe and interpret the
Plan and options, and to establish, amend and revoke rules and regulations for
the administration of the Plan. The Committee, in the exercise of this power,
may correct any defect, omission or inconsistency in the Plan, in a manner and
to the extent it shall deem necessary or expedient to make the Plan fully
effective. The interpretation and construction by the Committee of any
provisions of the Plan or of any option granted

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under it shall be final. The Committee may from time to time adopt such rules
and regulations for carrying out the Plan as it may deem best. Without limiting
the foregoing, the Committee shall have the power, subject to, and within the
limitations of, the express provisions of the Plan: (i) to determine when and
how options to purchase shares of Common Stock shall be granted and the
provisions of each Offering Period (which need not be identical); (ii) to
designate from time to time which participating subsidiaries of the Company
shall be eligible to participate in the Plan; (iii) to determine the Offering
Commencement Date and Offering Termination Date of any Offering Period; (iv) to
increase or decrease the maximum number of shares which may be purchased by an
eligible employee in any Offering Period; (v) to amend the Plan as provided in
Article 15, and (vi) generally, to exercise such powers and to perform such acts
as it deems necessary or expedient to promote the best interests of the Company
and the participating subsidiaries.

        The Committee may delegate to one or more individuals the day-to-day
administration of the Plan. Without limitation, subject to the terms and
conditions of this Plan, the President, the Chief Financial Officer of the
Company, and any other officer of the Company or committee of officers or
employees designated by the Committee (collectively, the "Plan administrators"),
shall each be authorized to determine the methods through which eligible
employees may elect to participate, amend their participation, or withdraw from
participation in the Plan, and establish methods of enrollment by means of a
manual or electronic form of authorization or an integrated voice response
system. The Plan administrators are further authorized to determine the matters
described in Article 11 concerning the means of issuance of Common Stock and the
procedures established to permit tracking of disqualifying dispositions of
shares or to restrict transfer of such shares.

        With respect to persons subject to Section 16 of the Securities and
Exchange Act of 1934, as amended, transactions under the Plan are intended to
comply with all applicable conditions of Rule 16b-3 or its successors under said
Act. To the extent any provision of the Plan or action by the Committee fails to
so comply, it shall be deemed null and void, to the extent permitted by law and
deemed advisable by that Committee.

        No member of the Board of Directors or the Committee shall be liable for
any action or determination made in good faith with respect to the Plan or any
option granted under it. The Company shall indemnify each member of the Board of
Directors and the Committee to the fullest extent permitted by law with respect
to any claim, loss, damage or expense (including counsel fees) arising in
connection with their responsibilities under this Plan.

        As soon as administratively practicable after the end of each Offering
Period, the Plan administrators shall prepare and distribute or make otherwise
readily available by electronic means or otherwise to each participating
employee in the Plan information concerning the amount of the participating
employee's accumulated payroll deductions as of the Offering Termination Date,
the Option Exercise Price for such Offering Period, the number of shares of
Common Stock purchased by the participating employee with the participating
employee's accumulated payroll deductions, and the amount of any unused

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payroll deductions either to be carried forward to the next Offering Period, or
returned to the participating employee without interest.

20.     OPTIONEES NOT STOCKHOLDERS.

        Neither the granting of an option to an employee nor the deductions from
his or her pay shall constitute such employee a stockholder of the Company with
respect to the shares covered by such option until such shares have been
purchased by and issued to him.

21.     APPLICATION OF FUNDS.

        The proceeds received by the Company from the sale of Common Stock
pursuant to options granted under the Plan may be used for any corporate
purposes, and the Company shall not be obligated to segregate participating
employees' payroll deductions.

22.     GOVERNMENTAL REGULATION.

        The Company's obligation to sell and deliver shares of the Company's
Common Stock under this Plan is subject to the approval of any governmental
authority required in connection with the authorization, issuance or sale of
such stock.

        In this regard, the Board of Directors may, in its discretion, require
as a condition to the exercise of any option that a Registration Statement under
the Securities Act of 1933, as amended, with respect to the shares of Common
Stock reserved for issuance upon exercise of the option shall be effective.

23.     TRANSFERABILITY.

        Neither payroll deductions credited to an employee's account nor any
rights with regard to the exercise of an option or to receive stock under the
Plan may be assigned, transferred, pledged, or otherwise disposed of in any way
by the employee. Any such attempted assignment, transfer, pledge, or other
disposition shall be without effect, except that the Company may treat such act
as an election to withdraw funds in accordance with Article 10.

24.     EFFECT OF CHANGES OF COMMON STOCK.

        If the Company should subdivide or reclassify the Common Stock which has
been or may be optioned under the Plan, or should declare thereon any dividend
payable in shares of such Common Stock, or should take any other action of a
similar nature affecting such Common Stock, then the number and class of shares
of Common Stock which may thereafter be optioned (in the aggregate and to any
individual participating employee) shall be adjusted accordingly.

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25.     MERGER OR CONSOLIDATION.

        If the Company should at any time merge into or consolidate with another
corporation, the Board of Directors may, at its election, either (i) terminate
the Plan and refund without interest the entire balance of each participating
employee's payroll deductions, or (ii) entitle each participating employee to
receive on the Offering Termination Date upon the exercise of such option for
each share of Common Stock as to which such option shall be exercised the
securities or property to which a holder of one share of the Common Stock was
entitled upon and at the time of such merger or consolidation, and the Board of
Directors shall take such steps in connection with such merger or consolidation
as the Board of Directors shall deem necessary to assure that the provisions of
this Article 25 shall thereafter be applicable, as nearly as reasonably
possible. A sale of all or substantially all of the assets of the Company shall
be deemed a merger or consolidation for the foregoing purposes.

26.     Withholding of Additional Tax.

        By electing to participate in the Plan, each participant acknowledges
that the Company and its participating subsidiaries are required to withhold
taxes with respect to the amounts deducted from the participant's compensation
and accumulated for the benefit of the participant under the Plan, and each
participant agrees that the Company and its participating subsidiaries may
deduct additional amounts from the participant's compensation, when amounts are
added to the participant's account, used to purchase Common Stock or refunded,
in order to satisfy such withholding obligations. Each participant further
acknowledges that when Common Stock is purchased under the Plan the Company and
its participating subsidiaries may be required to withhold taxes with respect to
all or a portion of the difference between the fair market value of the Common
Stock purchased and its purchase price, and each participant agrees that such
taxes may be withheld from compensation otherwise payable to such participant.
It is intended that tax withholding will be accomplished in such a manner that
the full amount of payroll deductions elected by the participant under Article 7
will be used to purchase Common Stock. However, if amounts sufficient to satisfy
applicable tax withholding obligations have not been withheld from compensation
otherwise payable to any participant then, notwithstanding any other provision
of the Plan, the Company may withhold such taxes from the participant's
accumulated payroll deductions and apply the net amount to the purchase of
Common Stock, unless the participant pays to the Company, prior to the exercise
date, an amount sufficient to satisfy such withholding obligations. Each
participant further acknowledges that the Company and its participating
subsidiaries may be required to withhold taxes in connection with the
disposition of stock acquired under the Plan and agrees that the Company or any
participating subsidiary may take whatever action it considers appropriate to
satisfy such withholding requirements, including deducting from compensation
otherwise payable to such participant an amount sufficient to satisfy such
withholding requirements or conditioning any disposition of Common Stock by the
participant upon the payment to the Company or such subsidiary of an amount
sufficient to satisfy such withholding requirements.

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27.     APPROVAL OF STOCKHOLDERS.

        This Plan was adopted by the Board of Directors on September 25, 2002
and approved by the stockholders of the Company on ________, 2003.

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                            STOCK PURCHASE AGREEMENT

                          FOR OUTSTANDING COMMON STOCK

                                       OF

                            RAKO CAPITAL CORPORATION

                                December 18, 2002

<PAGE>

                            STOCK PURCHASE AGREEMENT

                  Agreement, dated as of December 18, 2002, by and between
Osprey Investments II, Inc., a Florida corporation with offices at 1050
Riverside Avenue, Jacksonville, FL 32204 (the "Purchaser"); the persons listed
on Exhibit A (collectively, the "Stockholders"); and RAKO Capital Corporation, a
Nevada corporation with offices at 56 West 400 South, Suite 220, Salt Lake City,
Utah 84101 (hereinafter referred to as "Rako" or the "Company").

                                     RECITAL

         The Purchaser desires to acquire from the Stockholders the number of
shares of the outstanding capital stock of Rako set forth next to the
Stockholder's name on Exhibit A, all of which are owned of record and/or
beneficially by the Stockholders, and the Stockholders desire to effect such
sale on the terms and conditions set forth in this Agreement.

                                 I. DEFINITIONS

For purposes of this Agreement, the following terms have the meanings specified
or referred to in this Section 1:

         "BREACH" -- a "breach" of any representation, warranty, covenant,
obligation, or other provision of this Agreement or any instrument delivered
pursuant to this Agreement will be deemed to have occurred if there is or has
been (a) any inaccuracy in or violation or default of, or any failure to perform
or comply with, such representation, warranty, covenant, obligation, or other
provision, or (b) any claim (by any person) or other occurrence or circumstance
that is or was inconsistent with such representation, warranty, covenant,
obligation, or other provision, and the term "breach" means any such inaccuracy,
violation, default, failure, claim, occurrence, or circumstance.

         "CLOSING" - as defined in Section 5.2.

         "CLOSING DATE" -- as December 13, 2002 or such other date as of which
the Closing actually takes place.

         "CONSENT" -- any approval, consent, ratification, waiver, or other
authorization (including any Governmental Authorization).

         "CONTEMPLATED TRANSACTIONS" - all of the transactions contemplated by
this Agreement, including:

(a)      the sale of the Rako Shares by the Stockholders to Purchaser;

(b)      the execution, delivery, and performance of the Stockholder's Release;

<PAGE>

(c)      the performance by Rako, Stockholders and Purchaser of their respective
         covenants and obligations under this Agreement; and

(d)      Purchaser's acquisition and ownership of the Rako Shares.

         "CONTRACT" -- any agreement, contract, obligation, promise, or
undertaking (whether written or oral and whether express or implied) that is
legally binding.

         "ENCUMBRANCE" -- any charge, claim, community property interest,
condition, equitable interest, lien, option, pledge, security interest, right of
first refusal, or restriction of any kind, including any restriction on use,
voting, transfer, receipt of income, or exercise of any other attribute of
ownership.

         "ERISA" -- as defined in Section 2.15.

         "IRS OR A INTERNAL REVENUE SERVICE" -- The United States Internal
Revenue Service or any successor agency, and, to the extent relevant, the United
States Department of the Treasury.

         "KNOWLEDGE" -- an individual will be deemed to have "Knowledge" of a
particular fact or other matter if:

(a)      such individual is actually aware of such fact or other matter; or

(b)      a prudent individual could be expected to discover or otherwise become
aware of such fact or other matter in the course of conducting a reasonably
comprehensive investigation concerning the existence of such fact or other
matter.

A person (other than an individual) will be deemed to have "Knowledge" of a
particular fact or other matter if any individual who is serving, or who has at
any time served, as a director, officer, partner, executor, or trustee of such
Person (or in any similar capacity) has, or at any time had, Knowledge of such
fact or other matter.

         "PERSON" -- any individual, corporation (including any non-profit
corporation), general or limited partnership, limited liability company, joint
venture, estate, trust, association, organization, labor union, or other entity
or Governmental Body.

         "PROCEEDING" -- any action, arbitration, audit, hearing, investigation,
litigation, or suit (whether civil, criminal, administrative, investigative, or
informal) commenced, brought, conducted, or heard by or before, or otherwise
involving, any Governmental Body or arbitrator.

         "SECURITIES ACT" -- The Securities Act of 1933, as amended or any
successor law, and regulations and rules issued pursuant to that Act or any
successor law.

         "RAKO SHARES" -- the shares of Rako Common Stock which are being sold
by the Stockholders to the Purchaser.

                                       3
<PAGE>

         "TAKE-OVER PROPOSAL" -- as defined in Section 6.6.

         "TAX RETURN" -- any return (including any information return), report,
statement, schedule, notice, form, or other document or information filed with
or submitted to, or required to be filed with or submitted to, any Governmental
Body in connection with the determination, assessment, collection, or payment of
any Tax or in connection with the administration, implementation, or enforcement
of or compliance with any Legal Requirement relating to any Tax.

II.      REPRESENTATIONS AND WARRANTIES OF RAKO

         Rako hereby represents, warrants and agrees that:

         2.1 Organization, Good Standing and Corporate Power of Rako. Rako is a
corporation duly organized, validly existing and presently in good standing
under the laws of the State of Nevada, is duly qualified to do business and is
in good standing as a foreign corporation in each jurisdiction in which such
qualification is necessary, and has the corporate power and authority to own its
properties and assets and to transact the business in which it is engaged. There
are no corporations or other entities with respect to which (a) Rako owns any of
the outstanding stock or other interest, or (b) Rako may be deemed to be in
control because of factors or relationships other than the quantity of stock or
other interest owned.

         2.2 Capitalization of Rako. The authorized capital stock of Rako
consists of 50,000,000 shares of common stock, par value $.001 per share, of
which 5,025,030 shares are issued and outstanding and 20,000,000 shares of
preferred stock, par value $.001 per share, none of which are outstanding. All
shares of Rako common stock currently issued and outstanding have been duly
authorized, validly issued and are fully paid and non-assessable. There are no
preemptive rights, or other outstanding rights, options, warrants, conversion
rights, stock appreciation rights, redemption rights, repurchase rights, calls,
agreements or commitments of any character obligating Rako to issue any shares
of its capital stock or any security representing the right to acquire, purchase
or otherwise receive any such stock. Shares of Rako common stock to be sold
pursuant to this Agreement, have been duly authorized, validly issued, fully
paid and non-assessable.

         2.3 Charter Documents. Certified copies of the Rako Articles of
Incorporation and By-Laws and all amendments thereto, have been or will be
delivered to Centra prior to the Closing.

         2.4 Corporate Documents. The most recent Rako shareholders' list and
corporate minute books, which have been made available to the Purchaser, are
complete and accurate as of the date hereof, and the corporate minute books
contain the recorded minutes of all corporate meetings of shareholders and
directors. There are no shareholder agreements, voting agreements, registration
right agreements or other such agreement among Rako's shareholders or with Rako.

                                       4
<PAGE>

         2.5 Financial Statements. Rako's financial statements for the periods
ended September 30, 2002 and December 31, 2001, as filed with the SEC, are true
and complete in all material respects, have been prepared in accordance with
generally accepted accounting principles applied on a consistent basis for the
periods covered by such statements, and fairly present, in accordance with
generally accepted accounting principles, the financial condition of Rako and
results of its operations for the periods covered thereby. Except as otherwise
disclosed to the Purchaser in writing, and other than according to the ordinary
and usual course of Rako's business consistent with such practice, (a) Rako has
not engaged in any material transaction since the date of its financial
statements, and (b) there has not been any material adverse change in the
business operations, assets, properties, prospects or condition (financial or
otherwise) of Rako, taken as a whole, from that reflected in the financial
statements referred to in this Section 2.5.

         2.6 Absence of Certain Changes or Events. Since the date of the Rako
financial statements set forth in Exhibit 2.5 and except as disclosed otherwise
herein, Rako has not (a) issued or sold any promissory note, stock, bond, option
or other corporate security of which it was an issuer or other obligor, (b)
discharged or satisfied any lien or encumbrance or paid any obligation or
liability, absolute or contingent, direct of indirect, (c) incurred or suffered
to be incurred any liability or obligation other than in the ordinary and usual
course of business, (d) caused or permitted any lien, encumbrance or security
interest to be created or arise on or in any of its properties or assets, (e)
declared, set aside or made any dividend, payment or other distribution to any
shareholder or purchased or redeemed or agreed to purchase or redeem any shares
of its capital stock, (f) reclassified its shares of capital stock, or (g)
entered into any agreement or transaction except in the ordinary and usual
course of business or in connection with the execution and performance of this
Agreement.

         2.7 Tax Returns and Payments. Rako has filed with the appropriate
governmental authority, all tax returns, whether based upon income, sales or
franchise, as required by law to be filed on or before the date of this
Agreement, and Rako has paid all taxes to be due on said returns, any
assessments made against Rako and all other taxes, fees and similar charges
imposed on Rako by any governmental authority. No tax liens have been filed and
no claims are being assessed and no returns are under audit with respect to any
such taxes, fees or other similar charges.

         2.8 Contracts. Rako is not a party to or bound by any material contract
or commitment, including guaranty whether written or oral, except as may
otherwise be disclosed in Schedule 2.8, annexed hereto and, by this reference,
made a part hereof.

         2.9 Compliance with Law and Government Regulations. Rako is in
compliance with and is not in violation of applicable federal, state, local or
foreign statutes, laws and regulations (including without limitation, any
applicable building, zoning or other law, ordinance or regulation) affecting its
properties or the operation of its business. Rako is not subject to any order,
decree, judgment or other sanction of any court, administrative agency or other
tribunal.

         2.10 Litigation. There is no material litigation, arbitration,
proceeding or investigation pending or threatened to which Rako is a party or
which may result in any material adverse change in the business or condition,
financial or otherwise, of Rako or in any of its properties or

                                       5
<PAGE>

assets, or which might result in any liability on the part of Rako, or which
questions the validity of this Agreement or of any action taken or to be taken
pursuant to or in connection with the provisions of this Agreement and, to the
best knowledge of Rako, there is no basis for any such litigation, arbitration,
proceeding or investigation.

         2.11 Trade Names and Rights. Rako does not use any trade mark, service
mark, trade name, or copyright in its business, nor does it own any trade marks,
trade mark registrations or application, trade name, service marks, copyrights,
copyright registrations or application. No person owns any trade mark, trade
mark registration or application, service mark, trade name, copyright, or
copyright registration or application, the use of which is necessary or
contemplated in connection with the operation of Rako's business.

         2.12 Environmental Matters. There are no actions, proceedings or
investigations pending or threatened before any federal or state environmental
regulatory body, or before any federal or state court, alleging noncompliance by
Rako with the Comprehensive Environmental Response, Compensation and Liability
Act of 1990 ("CERCLA") or any other Environmental Laws. To Rako's knowledge
(after due investigation): (a) there is no reasonable basis for the institution
of any action, proceeding or investigation against Rako under any Environmental
Law; (b) Rako is not responsible under any Environmental Law for any release by
any person at or in the vicinity of real property of any hazardous substance (as
defined by CERCLA), caused by the spilling, leaking, pumping, pouring, emitting,
emptying, discharging, injecting, escaping, leaching, dumping or disposing of
any such hazardous substance into the environment; (c) Rako is not responsible
for any costs of any remedial action required by virtue of any release of any
toxic or hazardous substance, pollutant or contaminant into the environment
including, without limitation, costs arising from security fencing, alternative
water supplies, temporary evacuation and housing and other emergency assistance
undertaken by any environmental regulatory body; (d) Rako is in material
compliance with all applicable Environmental Laws; and (e) no real property
used, owned, managed or controlled by Rako contains any toxic or hazardous
substance including, without limitation, any asbestos, PCBs or petroleum
products or byproducts in any form, the presence, location or condition of which
(i) violates any Environmental Law, or (ii) cannot be cleaned by ordinary
reclamation procedures customary in the oil and gas industry. For purposes of
this Agreement, "Environmental Laws" will mean any federal, state, local or
municipal statute, ordinance or regulation, or order, ruling or other decision
of any court, administrative agency or other governmental authority pertaining
to the release of hazardous substances (as defined in CERCLA) into the
environment.

         2.13 Governmental Consent. No notices, reports or other filings are
required to be made nor are any consents, registrations, approvals, permits,
authorizations or designations required to be obtained by Rako from any court,
governmental or regulatory authority, agency, commission, body or other
governmental entity, in connection with the execution and delivery of this
Agreement by Rako or the carrying out and consummation of any transactions
contemplated hereby, except those that the failure to make or obtain are not,
individually or in the aggregate, reasonably likely to have a material adverse
effect or prevent, materially delay or materially impair the ability of Rako to
consummate the transactions contemplated by this Agreement.

         2.14 Corporate Authority. Rako has all requisite corporate power and
authority and has taken all corporate actions necessary in order to execute,
deliver and perform its obligations

                                       6
<PAGE>

under this Agreement and to consummate the transactions contemplated herein,
subject to approval of this Agreement by its Board of Directors and by the
unanimous written consent of its shareholders. The execution and delivery of
this Agreement, the consummation of the transactions contemplated hereby and
compliance by Rako with the provisions hereof will not:

         (a) Conflict with or result in a breach of any provisions of, or
         constitute a default (or an event which, with notice or lapse of time
         or both, would constitute a default) under, or result in the creation
         of any lien, security interest, charge or encumbrance upon any of the
         properties or assets of Rako under, any of the terms, conditions or
         provisions of the Articles of Incorporation or By-Laws of Rako, or any
         note, bond, mortgage, indenture, license, lease, agreement or any
         instrument or obligation to which Rako is a party or by which it is
         bound; or

         (b) Violate any order, writ, injunction, decree, statute, rule or
         regulation applicable to Rako or any of its properties or assets.
         Assuming due execution and delivery by the parties hereto, this
         Agreement is the valid and binding agreement of Rako enforceable
         against Rako in accordance with its respective terms, except as such
         enforceability may be limited by applicable bankruptcy laws or
         creditors' rights generally or by general principles of equity.

         2.15 Employee Benefit Plans. Rako is not a party to, or bound by, any
bonus, deferred compensation, incentive compensation, stock purchase, stock
option, severance or termination pay, hospitalization or other medical, life or
other insurance, supplemental unemployment benefits, profit-sharing, pension, or
retirement plan, program, agreement or arrangement, other employee benefit plan,
program, agreement or arrangement (other than arrangements involving the payment
of wages), sponsored, maintained or contributed to or required to be contributed
to by Rako or any of its subsidiaries or by any trade or business, whether or
not incorporated (an "ERISA Affiliate") that together with Rako or any of its
subsidiaries would be deemed a "single employer" within the meaning of Section
4001(a)(14) of the Employee Retirement Income Security Act of 1974, as amended,
and the rules and regulations promulgated thereunder ("ERISA"), for the benefit
of any current or former employee, director or officer of Rako or any of its
subsidiaries or any ERISA Affiliate whether formal or informal and whether
legally binding or not with respect to which Rako or any of its subsidiaries or
any ERISA Affiliate has or may in the future have any liability or obligation to
contribute or make payments or any kind.

         2.16 Legal Proceedings and History. Except as otherwise disclosed
herein or by a written attachment hereto, no officer, director or affiliate of
Rako, will have been, within the past five years; a party to any bankruptcy
petition against such person or against any business of which such person was
affiliated; convicted in a criminal proceeding or subject to a pending criminal
proceeding (excluding traffic violations and other minor offenses; subject to
any order, judgment or decree, not subsequently reversed, suspended or vacated,
of any court of competent jurisdiction, permanently or temporarily enjoining,
barring, suspending or otherwise limiting their involvement in any type of
business, securities or banking activities; or found by a court of competent
jurisdiction in a civil action, by the Securities Exchange Commission or the
Commodity Futures Trading Commission to have violated a federal or state
securities or commodities law, and the judgment has not been reversed, suspended
or vacated.

                                       7
<PAGE>

         2.17 Accuracy of Information Furnished. No representation, statement,
or information contained in this Agreement (including the schedules) or any
contract or document executed in connection herewith or delivered pursuant
hereto or thereto or made available or furnished to the Purchaser or its
representatives by Rako or its representatives contains or will contain any
untrue statement of a material fact or omits or will omit any material fact
necessary to make the information contained therein not misleading. Rako has
provided to the Purchaser correct and complete copies of all documents listed or
described in the Schedules provided by Rako hereunder. All writings for which
Rako is responsible for filing with respect to the Contemplated Transactions
with any regulatory authority will comply as to form with the provisions of
applicable law and the applicable rules and regulations thereunder.

         2.18 SEC Documents; Undisclosed Liabilities. Other than as referenced
on Schedule 2.18, since September 30, 2002 Rako has filed with the Securities
and Exchange Commission ("SEC") on a timely basis all reports, schedules, forms,
statements and other documents (including exhibits and all other information
incorporated therein) required to be filed under the Securities Act and the
Securities and Exchange Act of 1934, as amended (the "1934 Act") (the "SEC
Documents"). As of their respective dates, the SEC Documents complied in all
material respects with the requirements of the 1933 Act or the 1934 Act, as the
case may be, and the rules and regulations of the SEC promulgated thereunder
applicable to such SEC Documents. The Rako financial statements included in the
SEC Documents comply as to form, as of their respective dates of filing with the
SEC, in all material respects with applicable accounting requirements and the
published rules and regulations of the SEC with respect thereto.

         2.19 Absence of Certain Changes. Except for liabilities incurred in
connection with this Agreement or the transactions contemplated hereby or
thereby and except as disclosed in the SEC Documents filed and publicly
available prior to the date of this Agreement (the "FILED SEC DOCUMENTS"), since
September 30, 2002 Rako has conducted its business only in the ordinary course,
and there has not been (i) any event or occurrence which could have a material
adverse effect on Rako's business or assets, (ii) except insofar as may have
been or required by a change in GAAP, any change in accounting methods,
principles or practices by Rako materially affecting its assets, liabilities or
business or (iii) any tax election that individually or in the aggregate could
reasonably be expected to have a material adverse effect on Rako's business or
assets, or any of its tax attributes or any settlement or compromise of any
material income tax liability.

         2.20 Tax Issues. Rako has not taken any action or failed to take any
action on which would reasonably be expected to make Rako's loss carry forwards
unavailable after the Closing.

         2.21 Questionable Payments. Neither Rako, nor any director, officer,
agent, employee, or other person associated with or acting on behalf of the
Rako, has, directly or indirectly: used any corporate funds for unlawful
contributions, gifts, entertainment, or other unlawful expenses relating to
political activity; made any unlawful payment to foreign or domestic government
officials or employees or to foreign or domestic political parties or campaigns
from corporate funds; violated any provision of the Foreign Corrupt Practices
Act of 1977, as amended; established or maintained any unlawful or unrecorded
fund of corporate monies or other assets; made any false or fictitious entry on
the books or records of the Company; made any bribe, rebate, payoff, influence
payment, kickback, or other unlawful payment; given any favor or gift

                                       8
<PAGE>

which is not deductible for federal income tax purposes; or made any bribe,
kickback, or other payment of a similar or comparable nature, whether lawful or
not, to any person or entity, private or public, regardless of form, whether in
money, property, or services, to obtain favorable treatment in securing business
or to obtain special concessions, or to pay for favorable treatment for business
secured or for special concessions already obtained.

                     III. REPRESENTATIONS OF THE STOCKHOLDER

         Each of the Stockholders severally, and not jointly, represent and
warrant to the Purchaser as follows:

         3.1 Authority: No Conflict. (a) This Agreement constitutes the legal,
valid, and binding obligation of the Stockholder, enforceable against
Stockholder in accordance with its terms (subject to applicable bankruptcy,
insolvency and other laws affecting the enforceability of creditors' rights
generally and equitable remedies). The Stockholder has the absolute and
unrestricted right, power, and authority to execute and deliver this Agreement
and to perform its obligations under this Agreement and the Stockholder's
Closing Documents.

              (b) Neither the execution and delivery of this Agreement, nor the
consummation or performance of any of the Contemplated Transactions, will give
any Person the right to prevent, delay, or otherwise interfere with any of the
transactions pursuant to:

                   (i) any legal requirement or order to which the Stockholder
may be subject; or

                   (ii) any Contract to which the Stockholder is a party or to
which the assets of the Stockholder are subject.

         The Stockholders are not and will not be required to obtain any consent
from any person in connection with the execution and delivery of this Agreement
or the consummation or performance of any of the Contemplated Transactions.

         3.2 Certain Proceedings. There is no Proceeding pending or, to the
knowledge of the Stockholder, threatened against the Stockholder and that
challenges, or may have the effect of preventing, delaying, making illegal, or
otherwise interfering with, any of the Contemplated Transactions.

         3.3 Brokers or Finders. The Stockholder will indemnify and hold the
Purchaser and Rako harmless from any obligation or liability, contingent or
otherwise, for brokerage or finder's fees or agent's commissions or other
similar payment in connection with this Agreement alleged to be due by or
through the Stockholder as a result of the action of the Stockholder.

         3.4 Completeness of Disclosure. No representation or warranty by the
Stockholder in this Agreement contains or on the Closing Date will contain an
untrue statement of material fact or omits or on the Closing Date will omit to
state a material fact required to be stated therein or necessary to make the
statements made therein not misleading. None of the information supplied or to
be supplied by the Stockholder for inclusion in any document to be filed with
any

                                       9
<PAGE>

regulatory authority or governmental authority in connection with the
Contemplated Transactions will be false or misleading with respect to any
material fact, or omit to state any material fact necessary in order to make the
statements therein not misleading or omit to state any material fact required to
be stated in order to correct any earlier misstatement. All writings for which
the Stockholder is responsible for filing with respect to the Contemplated
Transactions with any regulatory authority will comply as to form with the
provisions of applicable law and the applicable rules and regulations
thereunder.

                      IV. REPRESENTATIONS OF THE PURCHASER

         The Purchaser represents and warrants to the Stockholders as follows:

         4.1 Organization. The Purchaser is a Florida corporation, duly
organized, validly existing, and in good standing under the laws of the state of
Florida, with all requisite power and authority to enter into this Agreement and
comsummate the Contemplated Transactions.

         4.2 Authority: No Conflict. (a) The Purchaser's Board of Directors has
duly authorized the purchase of the Rako Shares and consummation of the
Contemplated Transactions. This Agreement constitutes the legal, valid, and
binding obligation of Purchaser, enforceable against Purchaser in accordance
with its terms (subject to applicable bankruptcy, insolvency and other laws
affecting the enforceability of creditors' rights generally and equitable
remedies). Purchaser has the absolute and unrestricted right, power, and
authority to execute and deliver this Agreement and to perform its obligations
under this Agreement and the Purchaser's Closing Documents.

              (b) Neither the execution and delivery of this Agreement, nor the
consummation or performance of any of the Contemplated Transactions, will give
any Person the right to prevent, delay, or otherwise interfere with any of the
transactions pursuant to:

                   (i) any provision of Purchaser's organizational documents;

                   (ii) any resolution adopted by the Purchaser's board of
directors or shareholders;

                   (iii) any legal requirement or order to which Purchaser may
be subject; or

                   (iv) any Contract to which Purchaser is a party or to which
the assets of Purchaser are subject.

                  The Purchaser is not and will not be required to obtain any
other consent from any person in connection with the execution and delivery of
this Agreement or the consummation or performance of any of the Contemplated
Transactions.

         4.3 Certain Proceedings. There is no Proceeding pending or, to the
knowledge of the Purchaser, threatened against Purchaser and that challenges, or
may have the effect of preventing, delaying, making illegal, or otherwise
interfering with, any of the Contemplated Transactions.

                                       10
<PAGE>

         4.4 Brokers or Finders. Purchaser will indemnify and hold the
Stockholders harmless from any obligation or liability, contingent or otherwise,
for brokerage or finder's fees or agent's commissions or other similar payment
in connection with this Agreement alleged to be due by or through Purchaser as a
result of the action of Purchaser.

         4.5 Compliance with Law. Purchaser is in compliance in all material
respects with all applicable laws and regulations.

         4.6 Completeness of Disclosure. No representation or warranty by the
Purchaser in this Agreement contains or on the Closing Date will contain an
untrue statement of material fact or omits or on the Closing Date will omit to
state a material fact required to be stated therein or necessary to make the
statements made therein not misleading. None of the information supplied or to
be supplied by Purchaser for inclusion in any document to be filed with any
regulatory authority or governmental authority in connection with the
Contemplated Transactions will be false or misleading with respect to any
material fact, or omit to state any material fact necessary in order to make the
statements therein not misleading or omit to state any material fact required to
be stated in order to correct any earlier misstatement. All writings for which
Purchaser is responsible for filing with respect to the Contemplated
Transactions with any regulatory authority will comply as to form with the
provisions of applicable law and the applicable rules and regulations
thereunder.

         4.7 Purchaser Due Diligence. Purchaser has performed certain due
diligence in connection with the execution and delivery of this Agreement and
has no knowledge of facts or circumstances which, independently or in connection
with other facts or circumstances known to Purchaser, (i) would render any of
the representations or warranties of the Stockholders or Rako herein to be
untrue, inaccurate or incomplete in any material respect; (ii) would render any
of the covenants of the Stockholders or Rako herein to be incapable of
performance; or (iii) would render any conditions to the performance of any
obligations hereunder incapable of fulfillment prior to the Closing Date.

                     V. SALE AND PURCHASE OF THE RAKO SHARES

         5.1 Terms of the Sale. On the basis of the representations, warranties,
covenants, and agreements contained in this Agreement and subject to the terms
and conditions of this Agreement:

         (a) At the Closing, the Stockholders shall sell, assign, transfer, and
         convey to the Purchaser and the Purchaser shall acquire from the
         Stockholders, the Rako Shares in the amounts set forth on Exhibit A in
         consideration of payment of the aggregate purchase price of $300,000.00
         (the "Purchase Price"). The Stockholder shall deliver at the Closing
         certificate or certificates representing the Rako Shares, duly endorsed
         in blank or accompanied by stock powers duly endorsed in blank, in each
         case in proper form for transfer, with signatures guaranteed by a
         commercial bank or a member firm of the New York Stock Exchange, Inc.,
         and with all stock transfer and any other required documentary stamps
         affixed thereto.

                                       11
<PAGE>

         (b) The Purchase Price for the Rako Shares shall be paid by wire
         transfer or good check according to the instructions of the
         Representative pursuant to Section 10.6.

         5.2 The Closing. The closing of the acquisition and sale of the Rako
Shares (the "Closing") shall take place at the offices of Reitler Brown LLC, 800
Third Avenue, 21st Floor, New York, New York 10022, at 10:00 A.M., local time,
on December 13, 2002. ("Closing Date"). The Closing may occur at such different
place, such different time, or such different date or a combination thereof as
the Purchaser and the Stockholder may agree.

            VI. COVENANTS AND AGREEMENTS OF RAKO AND THE STOCKHOLDERS

         Rako and the Stockholders covenant and agree as follows:

         6.1 Access. (a) Until the earlier of the Closing and the abandonment or
termination of this Agreement pursuant to Article V (the "Release Time"), Rako
will afford, and the Stockholders will cause Rako to afford, the officers,
employees, counsel, agents, investment bankers, accountants, and other
representatives of the Purchaser and its lenders, investors, and prospective
lenders or investors free and full access to the plants, properties, books, and
records of Rako, will permit them to make extracts from and copies of such books
and records, and will from time to time furnish the Purchaser with such
additional financial and operating data and other information as to the
financial condition, results of operations, businesses, properties, assets,
liabilities, or future prospects of Rako as the Purchaser from time to time may
request. Until the Release Time, Rako and the Stockholders will cause the
independent certified public accountants of Rako to make available to the
Purchaser and its independent certified public accountants the work papers
relating to the financial statement of Rako referred to in Section 2.5.

              (b) Non-public information obtained by Purchaser in the course of
the investigation set forth above will be used solely for purposes of the
Contemplated Transactions and, in the event this Agreement terminates and the
Contemplated Transactions are not consummated, all information so obtained will
be returned to Rako. If such return is not possible or practicable under the
circumstances, all copies thereof, and all summaries or abstracts made therefrom
shall be destroyed or irretrievably erased from all storage media and devices.

                                       12
<PAGE>

         6.2 Conduct of Business. Until the Closing, Rako will, and the
Stockholders will cause Rako to, conduct its affairs so that at the Closing no
representation or warranty of Rako or the Stockholders will be inaccurate, no
covenant or agreement of Rako or the Stockholders will be breached, and no
condition in this Agreement will remain unfulfilled by reason of the actions or
omissions of Rako or the Stockholders. Except as otherwise requested by the
Purchaser in writing, until the Closing or the Release Time, Rako will, and the
Stockholders will cause Rako to, use their best efforts to preserve the business
operations of Rako intact, to keep available the services of their present
personnel, to preserve in full force and effect the contracts, agreements,
instruments, leases, licenses, arrangements, and understandings of Rako, and to
preserve the good will of their suppliers, customers, and others having business
relations with any of them. In furtherance of the foregoing, Rako will, and the
Stockholders will cause Rako to, do the following:

              (a) Conduct its business in the ordinary course and do all things
         reasonably necessary to preserve all rights and permits necessary to
         conduct such business;

              (b) Keep its assets in good operating condition and repair and
         make all normal and necessary repairs, replacements, renewals and
         improvements thereto and comply with the provisions of all applicable
         leases so as to prevent any default or breach thereunder;

              (c) Collect its accounts receivable, pay its accounts payable and
         manage its cash flow consistent with its normal business practices;

              (d) Maintain its books, accounts and records in accordance with
         Rako's practice;

              (e) Comply in all material respects with all laws applicable to it
         and all obligations by which it is bound;

              (f) File when due all reports and returns required to be filed by
         it by any governmental authority and pay or perform when due all taxes,
         assessments and other liabilities and obligations in accordance with
         their terms, except those which are contested in good faith;

              (g) Take all reasonable actions to maintain their respective
         customer relationships and volume of service and sales activity, vendor
         and supplier relationships, banking lines of credit and relationships
         with its workforce and relationships with its employees;

              (h) Not make any dividends, redemptions, distributions or other
         payments with respect to their respective shares of capital stock; and

              (i) Not sell or otherwise dispose of any of their respective
         material assets (other than inventory in the ordinary course of
         business) or encumber any property or incur any debt other than trade
         payables, accrued expenses and working capital financing in the
         ordinary course of business and consistent with past practices.

                                       13
<PAGE>

         6.3 Advice of Changes. Until the Closing or the Release Time, Rako and
the Stockholders will immediately advise the Purchaser in a detailed written
notice of any fact or occurrence or any pending or threatened occurrence of
which any of them obtains knowledge and which (if existing and known at the date
of the execution of this Agreement) would have been required to be set forth or
disclosed in or pursuant to this Agreement or an Exhibit hereto, which (if
existing and known at any time prior to or at the Closing) would make the
performance by any party of a covenant contained in this Agreement impossible or
make such performance materially more difficult than in the absence of such fact
or occurrence, or which (if existing and known at the time of the Closing) would
cause a condition to any party's obligations under this Agreement not to be
fully satisfied.

         6.4 Confidentiality. Rako and each of the Stockholders shall insure
that all confidential information which the Company, any of its respective
officers, directors, employees, counsel, agents, investment bankers, or
accountants, or the Stockholders or their counsel, agents, investment bankers,
or accountants may now possess or may hereafter create or obtain relating to the
financial condition, results of operations, business, properties, assets,
liabilities, or future prospects of Rako or the Purchaser, any affiliate of any
of them, or any customer or supplier of any of them or any such affiliate shall
not be published, disclosed, or made accessible by any of them to any other
person or entity at any time or used by any of them except, pending the Closing,
in the business and for the benefit of Rako, in each case without the prior
written consent of the Purchaser in each instance; provided, however, that the
restrictions of this sentence shall not apply (a) with respect to the
obligations of Rako after the Closing takes place, (b) with respect to the
obligations of all such persons and entities after this Agreement which are
rightfully terminated, but only to the extent such confidential information
relates to the financial condition, results of operations, business, properties,
assets, liabilities, or future prospects of Rako, or any affiliate, or (insofar
as such confidential information was obtained directly by Rako or any such
affiliate from any customer or supplier of any of them) of any such customer or
supplier, (c) as may otherwise be required by law, (d) as may be necessary or
appropriate in connection with the enforcement of this Agreement, (e) to
disclosure by or on behalf of the Purchaser to existing or prospective lenders
or other investors or to others whose consent may be required or desirable in
connection with obtaining the financing or consents which are required or
desirable to consummate the Contemplated Transactions, or (f) to the extent such
information shall have otherwise become publicly available. Rako and the
Stockholders shall, and shall cause all other such persons and entities to,
deliver to the Purchaser all tangible evidence of such confidential information
to which the restrictions of the foregoing sentence apply at the Closing or the
earlier rightful termination of this Agreement.

         6.5 Public Statements. Neither Rako nor any Stockholder shall release
any information concerning this Agreement or the Contemplated Transactions which
is intended for or may result in public dissemination thereof, without the prior
written consent of the Purchaser. Nothing contained herein shall prevent Rako or
any Stockholder from releasing any information to any governmental authority if
required to do so by law.

         6.6 Other Proposals. Until the Release Time, Rako and the Stockholders
shall not, and shall neither authorize nor permit any officer, director,
employee, counsel, agent, investment banker, accountant, or other representative
of any of them, directly or indirectly, to: (a) initiate contact with any person
or entity in an effort to solicit any Takeover Proposal (as such term is

                                       14
<PAGE>

defined in this Section 6.6); (b) cooperate with, or furnish or cause to be
furnished any non-public information concerning the business, properties, or
assets of to, any person or entity in connection with any Takeover Proposal; (c)
negotiate with any person or entity with respect to any Takeover Proposal; or
(d) enter into any agreement or understanding with the intent to effect a
Takeover Proposal. Rako and the Stockholders will immediately give written
notice to the Purchaser of the details of any Takeover Proposal of which any of
them becomes aware. As used in this Section 6.6, "Takeover Proposal" shall mean
any proposal, other than as contemplated by this Agreement, for the purchase
from the Stockholders of any of the Rako Shares, a merger, consolidation,
reorganization, other business combination, or recapitalization involving Rako,
for the acquisition of any interest in the equity or in any class or series of
capital stock of Rako, for the acquisition of the right to cast any of the votes
on any matter with respect to, or for the acquisition of any of their respective
assets other than in the ordinary course of their respective businesses.

         6.7 Consents Without Any Condition. Rako and the Stockholders shall not
make any agreement or reach any understanding not approved in writing by the
Purchaser as a condition for obtaining any consent, authorization, approval,
order, license, certificate, or permit required for the consummation of the
Contemplated Transactions.

         6.8 Release by the Stockholders. If the Closing takes place, effective
immediately after the Closing, the Stockholders fully and unconditionally
release and discharge all claims and causes of action which he or his heirs,
personal representatives, successors, or assigns ever had, now have, or
hereafter may have against the Purchaser, Rako, and, when acting as such, their
respective officers, directors, employees, counsel, agents, and stockholders, in
each case past, present, or as they may exist at any time after the date of this
Agreement, and each person, if any, who controls, controlled, or will control
any of them within the meaning of Section 15 of the Securities Act or Section
20(a) of the Exchange Act, except claims and causes of action arising out of,
based upon, or in connection with this Agreement.

         6.9 Voting by Stockholders. Rako agrees that prior to the Release Time
or the consummation of the Closing it will not, and each Stockholder agrees that
he will cause Rako not, to authorize, approve or effect, (a) any stock split,
stock dividend, or reverse stock split relating to any class or series of Rako's
stock, (b) any issuance of any shares of capital stock of Rako, any option,
warrant, or other right calling for the issuance of any such share of capital
stock, or any security convertible into or exchangeable for any such share of
capital stock, (c) any authorization of any other class or series of stock of
Rako, (d) any amendment of the certificate of incorporation (or other charter
document) or the by-laws of Rako, or (e) any proposition the effect of which may
be to prohibit, restrict, or delay the consummation of any of the transactions
contemplated by this Agreement or impair the contemplated benefits to the
Purchaser of the Contemplated Transactions.

                                       15

<PAGE>

                 VII. COVENANTS AND AGREEMENTS OF THE PURCHASER

         The Purchaser covenants and agrees as follows:

         7.1 Advice of Changes. Until the Closing or Release Time, Purchaser
will immediately advise the Stockholders in a detailed written notice of any
fact or occurrence or any pending or threatened occurrence of which Purchaser
obtains knowledge and which (if existing and known at the date of the execution
of this Agreement) would have been required to be set forth or disclosed in or
pursuant to this Agreement or an Exhibit hereto, which (if existing and known at
any time prior to or at the Closing) would make the performance by any party of
a covenant contained in this Agreement impractical or impossible or make such
performance materially more difficult than in the absence of such fact or
occurrence, or which (if existing and known at the time of the Closing) would
cause a condition to any party's obligations under this Agreement not to be
fully satisfied.

         7.2 Confidentiality. Purchaser shall insure that all confidential
information which Purchaser, any of its officers, directors, employees, counsel,
agents, investment bankers, or accountants, may now possess or may hereafter
create or obtain relating to the financial condition, results of operations,
business, properties, assets, liabilities, or future prospects of Rako, any
affiliate, or any customer or supplier of Rako or any such affiliate shall not
be published, disclosed, or made accessible by any of them to any other person
or entity at any time or used by any of them except, pending the Closing, in the
business and for the benefit of Rako, in each case without the prior written
consent of the Stockholders; provided, however, that the restrictions of this
sentence shall not apply (a) with respect to the obligations of Purchaser after
the Closing, (b) with respect to the obligations of all such persons and
entities after this Agreement is rightfully terminated, but only to the extent
such confidential information relates to the financial condition, results of
operations, business, properties, assets, liabilities, or future prospects of
Rako, of any affiliate, or, insofar as such confidential information was
obtained directly by Purchaser from any customer or supplier of Rako, with
respect to such customer or supplier, (c) as may otherwise be required by law,
(d) as may be necessary or appropriate in connection with the enforcement of
this Agreement, or (e) to disclosure by or on behalf of the Purchaser to
existing or prospective lenders or other investors or to others whose consent
may be required or desirable in connection with obtaining the financing or
consents which are required or desirable to consummate the transactions
contemplated by this Agreement, or (f) to the extent such information shall have
otherwise become publicly available.

         7.3 Notice of Breaches by Purchaser. The Purchaser shall give to the
Stockholders promptly after becoming aware of the occurrence or the pending
occurrence of any event that would cause or constitute a breach of any of
Purchaser's, Stockholder's or Rako's representations, warranties, covenants or
agreements set forth in this Agreement or that might result in the
non-fulfillment of any condition to the consummation of the transactions
contemplated by this Agreement.

         7.4 Regulatory Filings. Purchaser shall provide the Stockholders with
copies of all non-confidential portions of its applications, if any, to all
regulatory authorities at the time such applications are filed with such
regulatory authorities.

                                       16
<PAGE>

         7.5 Consummation of Agreement. Purchaser shall perform and fulfill all
conditions and obligations on its part to be performed or fulfilled by it under
this Agreement and to cause the Contemplated Transactions to be consummated as
expeditiously as reasonably practical.

                VIII. CONDITIONS TO OBLIGATIONS OF THE PURCHASER

         The obligations of the Purchaser under this Agreement are subject, at
the option of the Purchaser, to the following conditions:

         8.1 Accuracy of Representations and Compliance with Conditions. All
representations and warranties of Rako or the Stockholders contained in this
Agreement shall be accurate when made and, in addition, shall be accurate as of
the Closing as though such representations and warranties were then made in
exactly the same language by Rako or the Stockholders as of the Closing; Rako
and the Stockholders shall have performed and complied with all covenants and
agreements and satisfied all conditions required to be performed and complied
with by any of them at or before such time by this Agreement; and the Purchaser
shall have received certificates executed by the chief executive officer and the
chief financial officer of Rako, dated the Closing Date, to that effect,
substantially in the form of Exhibit B.

         8.2 Review of Proceedings. All actions, proceedings, instruments, and
documents required to carry out this Agreement or incidental thereto and all
other related legal matters shall be subject to the reasonable approval of
Reitler Brown LLC, counsel to the Purchaser, and Rako and the Stockholders shall
have furnished such counsel such documents as such counsel may have reasonably
requested for the purpose of enabling them to pass upon such matters.

         8.3 Legal Action . There shall not have been instituted or threatened
any Proceeding relating to, or seeking to prohibit or otherwise challenge the
consummation of, the transactions contemplated by this Agreement, or to obtain
substantial damages with respect thereto.

         8.4 No Governmental Action . There shall not have been any action
taken, or any law, rule, regulation, order, judgment, or decree proposed,
promulgated, enacted, entered, enforced, or deemed applicable to the
transactions contemplated by this Agreement by any federal, state, local, or
other governmental authority or by any court or other tribunal, including the
entry of a preliminary or permanent injunction, which, in the sole judgment of
the Purchaser, (a) makes any of the transactions contemplated by this Agreement
illegal, (b) results in a delay in the ability of the Purchaser to consummate
any of the Contemplated Transactions, (c) requires the divestiture by the
Purchaser of any of the Rako Shares or of a material portion of the business of
the Purchaser, or of Rako, (d) imposes material limitations on the ability of
the Purchaser effectively to exercise full rights of ownership of the Rako
Shares including the right to vote such shares on all matters properly presented
to the stockholders of Rako, or (e) otherwise prohibits, restricts, or delays
consummation of any of the transactions contemplated by this Agreement or
impairs the contemplated benefits to the Purchaser of any of the transactions
contemplated by this Agreement.

         8.5 Governmental Approval. The parties to this Agreement shall have
obtained at or prior to the Closing any required approval of any governmental
agency having jurisdiction to this

                                       17
<PAGE>

Agreement and to the execution, delivery, and performance of this Agreement by
each of the parties.

         8.6 Contractual Consents Needed. The parties to this Agreement shall
have obtained at or prior to the Closing all consents required for the
consummation of the Contemplated Transactions from any party to any contract,
agreement, instrument, lease, license, arrangement, or understanding to which
any of them is a party, or to which any of them or any of their respective
businesses, properties, or assets are subject.

         8.7 Resignations. All directors of Rako shall have resigned at or prior
to the Closing as directors and members of all committees of the Board of
Directors in writing effective immediately after the Closing. All officers of
Rako shall have resigned at or prior to the Closing in writing effective
immediately after the Closing subject to acceptance by the Purchaser.

         8.8 Releases. Rako shall have received at or prior to the Closing a
release from each person who is or who at any time during the one year period
ending with date of Agreement was, an officer or a director of Rako, dated the
Closing Date, substantially in the form of Exhibit C.

              IX. CONDITIONS TO THE OBLIGATIONS OF THE STOCKHOLDERS

         The obligations of the Stockholders under this Agreement are subject,
at the option of the Stockholder, to the following conditions:

         9.1 Accuracy of Representations and Compliance with Conditions. All
representations and warranties contained in this Agreement shall be accurate
when made and, in addition, shall be accurate as of the Closing as though such
representations and warranties were then made in exactly the same language by
Purchaser; as of the Closing Purchaser shall have performed and complied with
all covenants and agreements and satisfied all conditions required to be
performed and complied with by it at or before such time by this Agreement; and
the Stockholders shall have received a certificate executed by the Purchaser,
dated the Closing Date, to that effect, substantially in the form of Exhibit D.

         9.2 Review of Proceedings. All actions, proceedings, instruments, and
documents required to carry out this Agreement or incidental thereto and all
other related legal matters shall be subject to the reasonable approval of
Leonard Nielson, Esq., counsel to Rako and the Stockholders, and Purchaser shall
have furnished such counsel such documents as such counsel may have reasonably
requested for the purpose of enabling them to pass upon such matters.

         9.3 Proceedings. There shall not have been instituted or threatened any
Proceeding relating to, or seeking to prohibit or otherwise challenge the
consummation of, the Contemplated Transactions, or to obtain substantial damages
with respect thereto.

         9.4 No Governmental Action. There shall not have been any action taken,
or any law, rule, regulation, order, judgment, or decree proposed, promulgated,
enacted, entered, enforced, or deemed applicable to the transactions
contemplated by this Agreement by any federal, state, local, or other
governmental authority or by any court or other tribunal, including the entry of
a preliminary or permanent injunction, which, in the sole judgment of the
Stockholders, (a) makes

                                       18
<PAGE>

any of the transactions contemplated by this Agreement illegal, (b) results in a
delay in the ability of the Stockholders to consummate any of the transactions
contemplated by this Agreement, or (c) otherwise prohibits, restricts, or delays
consummation of any of the Contemplated Transactions or impairs the contemplated
benefits to the Stockholders of any of the Contemplated Transactions.

         9.5 Governmental Approval. The parties to this Agreement shall have
obtained at or prior to the Closing any required approval of any governmental
agency having jurisdiction to this Agreement and to the execution, delivery, and
performance of this Agreement by each of the parties.

         9.6 Contractual Consents Needed. The parties to this Agreement shall
have obtained at or prior to the Closing all consents required for the
consummation of the Contemplated Transactions from any party to any contract,
agreement, instrument, lease, license, arrangement, or understanding to which
the Purchaser is a party, or to which it or any of its business, properties, or
assets are subject.

                                X. MISCELLANEOUS

         10.1 Brokerage Fees. If any person shall assert a claim to a fee,
commission, or other compensation on account of alleged employment as a broker
or finder on behalf of Rako or the Stockholders, or alleged performance of
services as a broker or finder, in connection with or as a result of any of the
transactions contemplated by this Agreement, and the Stockholders shall have
knowledge of the same, the Stockholders shall (subject to the next sentence)
indemnify and hold harmless the Purchaser against any and all losses,
liabilities, claims, damages, and expenses whatsoever (as defined in Section
3.3) as and when incurred arising out of, based upon, or in connection with such
claim by such person, and the Stockholders shall at his sole expense defend any
and all suits, actions, proceedings (formal or informal), or investigations
involving such claim that may at any time be brought against the Purchaser and
satisfy promptly any settlement or judgment arising therefrom; but if the
Stockholders fail to defend such suit, action, proceeding, or investigation in a
timely manner, the Purchaser or any Indemnitee made a defendant therein or a
party thereto shall have the right to defend and settle the same and pay any
judgment or settlement pertaining thereto as it or he may reasonably deem
appropriate at the cost and expense of the Stockholders. If, however, it is
ultimately determined in any such suit, action, or proceeding (in which the
Purchaser and all Indemnitees made a defendant therein or a party thereto were
afforded the opportunity to have their counsel participate in the defense) that
the Purchaser or any Indemnitee (other than Rako) made a defendant therein or a
party thereto was the sole employer of such broker or finder or services were
performed solely for the Purchaser or any Indemnitee (other than Rako) made a
defendant therein or a party thereto, then the Stockholders shall not be
responsible under this Section 10.1 and amounts theretofore paid by him by
reason of this Section 9.1 shall be reimbursed by the Purchaser or the
Indemnitee, as the case may be, who was the sole employer.

         10.2 Expenses. Except as otherwise expressly provided in this
Agreement, each party to this Agreement will bear its respective expenses
incurred in connection with the preparation,

                                       19
<PAGE>

execution, and performance of this Agreement and the Contemplated Transactions,
including all fees and expenses of agents, representatives, counsel, and
accountants.

         10.3 Further Actions. At any time and from time to time, each party
agrees, at its or his expense, to take such actions and to execute and deliver
such documents as may be reasonably necessary to effectuate the purposes of this
Agreement.

         10.4 Availability of Equitable Remedies. Since a breach of the
provisions of this Agreement could not adequately be compensated by money
damages, any party shall be entitled, either before or after the Closing, in
addition to any other right or remedy available to it, to an injunction
restraining such breach or a threatened breach and to specific performance of
any such provision of this Agreement, and in either case no bond or other
security shall be required in connection therewith, and the parties hereby
consent to the issuance of such an injunction and to the ordering of specific
performance.

         10.5 Survival. The covenants, agreements, representations, and
warranties contained in or made pursuant to this Agreement shall survive the
Closing and the delivery of the Rako Shares to the Purchaser for one year after
the Closing, irrespective of any investigation made by or on behalf of any
party. The statements contained in any other document executed by Rako or the
Stockholders relating hereto or delivered to the Purchaser in connection with
the Contemplated Transactions or in any statement, certificate, or other
instrument delivered by or on behalf of Rako or the Stockholders pursuant hereto
or thereto or delivered to the Purchaser in connection with the Contemplated
Transactions shall be deemed representations and warranties, covenants and
agreements, or conditions, as the case may be, of the Stockholders hereunder for
all purposes of this Agreement (including all statements, certificates, or other
instruments delivered pursuant hereto or thereto or delivered in connection with
the Contemplated Transactions).

         10.6 Appointment of Agent. H. Deworth Williams is hereby appointed as
the representative (the "Representative") of the interests of the Stockholders
for all purposes of this Agreement. Without giving notice to the Stockholders,
the Representative shall have full and irrevocable authority on behalf of the
Stockholders (a) to deal with the other parties to this Agreement, (b) to accept
and distribute the amounts payable to each Stockholder, (c) to accept and give
notices and other communications relating to this Agreement, (d) to settle any
dispute relating to the terms of this Agreement, (e) to waive any condition to
the obligations of the Stockholders found in this Agreement, (f) to modify or
amend this Agreement (except with respect to the Purchase Price to be received
by the Stockholders), (g) to execute any instrument or document that the
Representative may determine is necessary or desirable in the exercise of his
authority under this Section 10.6, and (h) to act in connection with all matters
arising out of, based upon, or in connection with this Agreement and the
transactions contemplated hereby or thereby. In the event of the refusal or
inability to serve, death, incapacity, or resignation for any reason of the
Representative, Edward F. Cowle will become his successor, with all the powers
and irrevocable authority of the Representative, and with full power of
substitution.

         10.7 Modification. This Agreement and the Exhibits hereto set forth the
entire understanding of the parties with respect to the subject matter hereof
(except as provided in Section 10.6), supersede all existing agreements among
them concerning such subject matter,

                                       20
<PAGE>

and may be modified only by a written instrument duly executed by each party
(except as otherwise provided in Section 10.6).

         10.8 Notices. Subject to Section 10.6, any notice or other
communication required or permitted to be given hereunder shall be in writing
and shall be (i) mailed by certified mail, return receipt requested (ii)
delivered or by Federal Express, Express Mail, or similar overnight delivery or
courier service, (iii) delivered in person or (iv) delivered by telecopy, telex,
or similar telecommunications equipment with a confirmation copy sent by First
Class Mail to the party to whom it is to be given at the address of such party
set forth in Exhibits A and E to this Agreement (or to such other address as the
party shall have furnished in writing in accordance with the provisions of this
Section 10.8) with a copy to each of the other parties hereto. Any notice given
to any corporate party shall be addressed to the attention of the Corporate
Secretary. Notice to the estate of any party shall be sufficient if addressed to
the party as provided in this Section 10.8. Any notice or other communication
given by certified mail (or by such comparable method) shall be deemed given at
the time of certification thereof (or comparable act), except for a notice
changing a party's address which will be deemed given at the time of receipt
thereof. Any notice given by other means permitted by this Section 10.8 shall be
deemed given at the time of receipt thereof.

         10.9 Waiver. Any waiver by any party of a breach of any term of this
Agreement shall not operate as or be construed to be a waiver of any other
breach of that term or of any breach of any other term of this Agreement. The
failure of a party to insist upon strict adherence to any term of this Agreement
on one or more occasions will not be considered a waiver or deprive that party
of the right thereafter to insist upon strict adherence to that term or any
other term of this Agreement. Any waiver must be in writing duly signed by the
waiving party.

         10.10 Binding Effect. The provisions of this Agreement shall be binding
upon and inure to the benefit of the Purchaser and their respective successors
and assigns and the Stockholder and his assigns, heirs, and personal
representatives, and shall inure to the benefit of each Indemnitee and its
successors and assigns (if not a natural person) and his assigns, heirs, and
personal representatives (if a natural person).

         10.11 No Third Party Beneficiaries. This Agreement does not create, and
shall not be construed as creating, any rights enforceable by any person not a
party to this Agreement.

         10.12 Severability. If any provision of this Agreement is invalid,
illegal, or unenforceable, the balance of this Agreement shall remain in effect,
and if any provision is inapplicable to any person or circumstance, it shall
nevertheless remain applicable to all other persons and circumstances.

         10.13 Headings. The headings in this Agreement are solely for
convenience of reference and shall be given no effect in the construction or
interpretation of this Agreement.

         10.14 Counterparts; Governing Law. This Agreement may be executed in
any number of counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. It shall be
governed by and construed in accordance with the laws of the State of Nevada,
without giving effect to conflict of laws. Any action, suit,

                                      21
<PAGE>

or proceeding arising out of, based on, or in connection with this Agreement or
the transactions contemplated hereby may be brought only in the United States
District Court for Nevada or if federal jurisdiction is not available, in the
State Courts of Nevada and each party covenants and agrees not to assert, by way
of motion, as a defense, or otherwise in any such action, suit, or proceeding,
any claim that it or he is not subject personally to the jurisdiction of such
court, that its or his property is exempt or immune from attachment or
execution, that the action, suit, or proceeding is brought in an inconvenient
forum, that the venue of the action, suit, or proceeding is improper, or that
this Agreement or the subject matter hereof may not be enforced in or by such
court.

         10.15 No Assignment. This Agreement may not be assigned by any party,
in whole or in part, without the prior written consent of the other parties
except that the Purchaser may assign this Agreement and its rights and
obligations hereunder in connection with a transaction whereby it is merged
with, or acquired by, a third-party without regard to the form of any such
acquisition.

                                       22
<PAGE>

         IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the date first written above.

                               PURCHASER

                                              Osprey Investments II, Inc.

                                              By /s/ D. Robert Murphy, Jr.
                                                ------------------------------
                                                   D. Robert Murphy, Jr.
                                                   President

                              RAKO

                                              RAKO Capital  Corporation

                                              By   /s/ Geoff Williams,
                                                ------------------------
                                                    Geoff Williams, CEO

                          STOCKHOLDERS:

 /s/H. Deworth Williams           /s/ Edward Cowle
 ----------------------         -----------------------
 H. Deworth Williams               Edward F. Cowle

  /s/ Jim Ruzicka
 -------------------
 Jim Ruzicka

                                       i
<PAGE>

                                    EXHIBIT A
                                  STOCKHOLDERS

         NAME AND ADDRESS                                 NO. OF SHARES SOLD

H. Deworth Williams                                             3,800,000
Williams Investment Company
56 West 400 South
Suite 220
Salt Lake City, Utah 84101

Jim Ruzicka                                                       363,234
Williams Investment Company
56 West 400 South
Suite 220
Salt Lake City, Utah 84101

Edward F. Cowle                                                   455,928
6 East 45 Street
10th Floor
New York, NY 10017

Total                                                           4,619,162

                                       ii

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