Document:

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                                                                    Exhibit 10.2
                  EXECUTION COPY

                    FIRST AMENDMENT (this "Amendment") dated as of June 29, 2001
               in  respect  of  the  FIVE-YEAR  CREDIT  AGREEMENT  dated  as  of
               September   26,  2000  (the   "Credit   Agreement"),   among  Cox
               Communications,  Inc., the banks party thereto (the "Banks"), The
               Chase Manhattan Bank, as  administrative  agent,  The Bank of New
               York and Wachovia  Bank,  N.A., as  co-documentation  agents (the
               "Documentation Agents") and Bank of America, N.A., as syndication
               agent (the "Syndication Agent").

                    A. The parties hereto have agreed,  subject to the terms and
               conditions  hereof,  to amend the Credit  Agreement  as set forth
               herein  on the  terms  and  subject  to the  conditions  provided
               herein.

                    B. Capitalized  terms used and not otherwise  defined herein
               shall  have the  meanings  assigned  to such  terms in the Credit
               Agreement.

                    SECTION 1. (a)  Amendment  to  Article  I.  Article I of the
               Credit Agreement is hereby amended by:

                         (i) Adding in the  appropriate  alphabetical  order the
                    following definition:

                         ""Bank  Affiliate"  shall mean, (a) with respect to any
                    Bank,  (i) an  Affiliate  of such  Bank or (ii)  any  entity
                    (whether a  corporation,  partnership,  trust or  otherwise)
                    that is primarily engaged in making, purchasing,  holding or
                    otherwise  investing in bank loans and similar extensions of
                    credit  in  the  ordinary  course  of  its  business  and is
                    controlled  (whether  through  voting  power or the power to
                    cause the  direction of management or policies or otherwise)
                    by a Bank or an  Affiliate of such Bank and (b) with respect
                    to any Bank that is a fund  which  invests in bank loans and
                    similar extensions of credit, any other fund that invests in
                    bank  loans  and  similar   extensions   of  credit  and  is
                    controlled  (whether  through  voting  power or the power to
                    cause the  direction of management or policies or otherwise)
                    by  the  same  investment  advisor  as  such  Bank  or by an
                    Affiliate of such investment advisor."

                         (ii)   Deleting   the   definition   of   "Banks"   and
                    substituting therefor the following:

                         ""Banks"  shall  mean the  Persons  listed  on  Exhibit
                    2.01(a),  each  such  Bank's  respective  successors  (which
                    successors  shall include any entity resulting from a merger
                    or  consolidation)  and any other  Person  that  shall  have
                    become  a  party  hereto   pursuant  to  an  Assignment  and
                    Acceptance,  other than any such  Person that ceases to be a
                    party hereto pursuant to an Assignment and Acceptance."
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                         (iii)  Deleting the  definition  of "Change of Control"
                    and substituting therefor the following:

                         "A "Change of Control" shall be deemed to have occurred
                    if (a) the Cox Family and Cox Enterprises shall cease at any
                    time  to  own   directly   or   indirectly   capital   stock
                    representing at least 50.1% of the outstanding  voting power
                    represented  by all the  outstanding  capital  stock  of the
                    Company,  (b) any Person or group of Persons  other than the
                    Cox Family,  Cox Enterprises and Persons  controlled by them
                    shall have the right or ability,  directly or indirectly, to
                    cause the  election  of a majority of the  directors  of the
                    Company,  (c) the Cox Family  shall cease at any time to own
                    directly or indirectly  capital stock  representing at least
                    50.1% of the outstanding voting power represented by all the
                    outstanding  capital  stock of Cox  Enterprises,  or (d) any
                    Person or group of Persons  other than the Cox Family  shall
                    have the right or ability,  directly or indirectly, to cause
                    the  election  of  a  majority  of  the   directors  of  Cox
                    Enterprises."

                         (iv)   Deleting   the   definition   of   "Consolidated
                    Annualized  Interest Expense" and substituting  therefor the
                    following:

                         ""Consolidated  Annualized Interest Expense" shall mean
                    four times the sum of (i)  interest  expense,  after  giving
                    effect to any net  payments  made or received by the Company
                    and its  Restricted  Subsidiaries  with  respect to interest
                    rate swaps, caps and floors or other similar agreements, and
                    (ii)  capitalized  interest  expense,  in  each  case of the
                    Company  and  its  Restricted   Subsidiaries  for  the  most
                    recently  completed  fiscal  quarter,  all on a consolidated
                    basis  determined  in  accordance  with GAAP;  provided that
                    interest  expense  shall  exclude  (a)  any  Deferred  Basic
                    Interest or Accrued Interest (as defined in Section 3 of the
                    global notes evidencing the PRIZES) on the PRIZES until such
                    time as such Deferred Basic Interest or Accrued  Interest is
                    paid in cash  and (b) any  effect  on  interest  expense  in
                    respect  of the  accounting  for  all  derivative  financial
                    instruments in accordance  with GAAP,  including  derivative
                    financial  instruments that may be embedded in the Company's
                    or any Restricted  Subsidiary's  debt  securities or Indexed
                    Securities and freestanding derivative financial instruments
                    that may be used by the Company or any Restricted Subsidiary
                    for hedging  purposes.  The effect on interest  expense that
                    may be  excluded  in  respect  of  the  accounting  for  all
                    derivative  financial  instruments  in accordance  with GAAP
                    include:  (i) entries to record noncash interest expense (or
                    income) associated with the mark-to-market of freestanding
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                    and embedded derivative financial instruments,  (ii) noncash
                    interest expense associated with the accretion of additional
                    debt  discount  that  may  arise  from  the  bifurcation  of
                    derivative  financial  instruments embedded in the Company's
                    or any Restricted  Subsidiary's  debt  securities or Indexed
                    Securities,  and (iii) noncash  interest expense (or income)
                    that  may  arise  if  the   Company's   or  any   Restricted
                    Subsidiary's  hedging  strategies  become  ineffective,   as
                    determined in accordance with GAAP."

                         (v)  Deleting  the   definition  of  "Cox  Family"  and
                    substituting therefor the following:

                         ""Cox  Family"  shall  include  those  certain   trusts
                    commonly  referred to as the Dayton-Cox Trust A, the Barbara
                    Cox Anthony  Atlanta  Trust,  the Anne Cox Chambers  Atlanta
                    Trust, the Estate of James M. Cox, Jr., Barbara Cox Anthony,
                    Garner  Anthony,   Anne  Cox  Chambers,   and  the  estates,
                    executors and administrators,  and lineal descendants of the
                    above-named  individuals,  any private  foundation  or other
                    charitable entity of which the  above-described  individuals
                    constitute  a  majority  of  the   trustees,   directors  or
                    managers,   and  any   corporation,   partnership,   limited
                    liability  company,  trust or  other  entity  in  which  the
                    above-named  trusts or  above-described  individuals and the
                    estates,   executors   and   administrators,    and   lineal
                    descendants of the above-named  individuals in the aggregate
                    have a direct  or  indirect  beneficial  interest  or voting
                    control of greater than 50%."

                         (vi) Deleting the  definition  of "Indexed  Securities"
                    and substituting therefor the following:

                         ""Indexed Securities" means the PHONES, the PRIZES, the
                    Discount  Debentures  and any other  securities or financial
                    contracts of the Company issued and outstanding from time to
                    time whose fair value is derived from an index,  such as the
                    trading price of another referenced security."

                         (vii) Deleting the  definition of "Leverage  Ratio" and
                    substituting therefor the following:

                         ""Leverage Ratio" shall mean, at any time, the ratio of
                    (a)  Consolidated  Debt  as of the  last  day of the  fiscal
                    quarter most recently  ended to (b)  Pro-forma  Consolidated
                    Annualized Operating Cash Flow; provided that (i) so long as
                    the  Company  is the  beneficial  owner of  shares  or other
                    securities constituting, or convertible into or exchangeable
                    for the Maximum  Number of  Reference  Shares (as defined in
                    Section 3 of the global  notes  evidencing  the PRIZES) with
                    respect to the outstanding PRIZES  (excluding,  for purposes
                    of such  determination,  any shares or other  securities  in
                    respect  of which any other  Indexed  Securities  shall have
                    been issued and shall be outstanding and excluding any
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                    portion of any shares or other  securities  attributable  to
                    any   additional   consideration   payable   upon  any  such
                    conversion or  exchange),  the  computation  of the Leverage
                    Ratio shall exclude the PRIZES,  (ii) so long as the Company
                    is the  beneficial  owner  of  shares  or  other  securities
                    constituting,   or  convertible  into  or  exchangeable  for
                    4,477,000 Reference Shares (as defined in Section 101 of the
                    PHONES   Supplemental   Indenture)   with   respect  to  the
                    outstanding   PHONES   (excluding,   for  purposes  of  such
                    determination,  any shares or other securities in respect of
                    which any other  Indexed  Securities  shall have been issued
                    and shall be  outstanding  and  excluding any portion of any
                    shares or other  securities  attributable  to any additional
                    consideration payable upon any such conversion or exchange),
                    the  computation  of the  Leverage  Ratio shall  exclude the
                    PHONES,  and (iii) the  computation  of the  Leverage  Ratio
                    shall exclude any effect on the Company's or any  Restricted
                    Subsidiary's  debt  securities  or  Indexed   Securities  in
                    respect  of the  accounting  for  all  derivative  financial
                    instruments in accordance  with GAAP,  including  derivative
                    financial  instruments that may be embedded in the Company's
                    or any Restricted  Subsidiary's  debt  securities or Indexed
                    Securities and freestanding derivative financial instruments
                    used by the Company or any Restricted Subsidiary for hedging
                    purposes,  but such  computation  shall in any event include
                    the original  principal  amount and any  accreted  principal
                    amount of such debt securities and Indexed  Securities.  The
                    effect on the  computation of the Leverage Ratio that may be
                    excluded  in respect of the  accounting  for all  derivative
                    financial  instruments in accordance with GAAP include:  (i)
                    entries   associated   with   the   mark-to-market   of  all
                    freestanding and embedded derivative  financial  instruments
                    classified as a component of the Company's or any Restricted
                    Subsidiary's  debt  securities or Indexed  Securities in the
                    consolidated  balance  sheet of the Company and (ii) entries
                    to record and  accrete  additional  debt  discount  that may
                    arise  from  the   bifurcation   of   derivative   financial
                    instruments  embedded  in the  Company's  or any  Restricted
                    Subsidiary's debt securities or Indexed Securities."

                    (b)  Amendment to Exhibit  6.01.  Exhibit 6.01 to the Credit
               Agreement  is hereby  amended by deleting  such  Exhibit 6.01 and
               substituting therefor Exhibit 6.01 hereto.

                    (c)  Amendment to Exhibit  6.03.  Exhibit 6.03 of the Credit
               Agreement  is hereby  amended by deleting  such  Exhibit 6.03 and
               substituting therefor Exhibit 6.03 hereto.

                    (d)  Amendment to Exhibit  6.15.  Exhibit 6.15 to the Credit
               Agreement  is hereby  amended by deleting  such  Exhibit 6.15 and
               substituting therefor Exhibit 6.15 hereto.

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                    (e) Amendment to Section 9.01(d).  Section 9.01(d) is hereby
               amended  by  deleting  subclause  (z) of clause (i)  thereof  and
               substituting therefor the following:

                         "(z)  securing  Debt  reflected  in  the   consolidated
                    financial  statements of the Company  referred to in Section
                    6.02 or"

                    (f)  Amendment to Exhibit  9.01(d).  Exhibit  9.01(d) of the
               Credit  Agreement  is hereby  amended by  deleting  such  Exhibit
               9.01(d) and substituting therefor Exhibit 9.01(d) hereto.

                    (g) Amendment to Exhibit 13.02.  Exhibit 13.02 of the Credit
               Agreement is hereby  amended by deleting  such Exhibit  13.02 and
               substituting therefor Exhibit 13.02 hereto.

                    (h) Amendment to Section 13.07.  Section 13.07 of the Credit
               Agreement is hereby amended by:

                         (i) Deleting the words in parentheses in subsection (a)
                    thereof.

                         (ii)  Deleting  the first  sentence of  subsection  (c)
                    thereof and replacing it with the following:

                         "Subject  (except in the case of  assignments  to Banks
                    and Bank  Affiliates)  to the prior  written  consent of the
                    Company (which consent shall not be unreasonably withheld or
                    delayed) and written  acknowledgment  of the  Administrative
                    Agent, each Bank may assign to a bank or other Person all or
                    a portion of its rights and obligations under this Agreement
                    (including,  without  limitation,  all or a  portion  of its
                    Commitment);   provided,   however,   that  (i)  each   such
                    assignment  shall  be of a  constant,  and  not  a  varying,
                    percentage  of  all  of  the  assigning  Bank's  rights  and
                    obligations  under this  Agreement and shall be in an amount
                    equal to or greater than $10,000,000 of the assigning Bank's
                    Commitment  (except in the case of  assignments  to Banks or
                    Bank  Affiliates,  assignment of the Bank's entire remaining
                    commitment or unless otherwise agreed by the Company),  (ii)
                    the  parties  to each  such  assignment  shall  execute  and
                    deliver to the Administrative  Agent, for its acceptance and
                    recording in the Register,  an Assignment  and Acceptance in
                    substantially  the form of Exhibit 13.07(c)  attached hereto
                    (the   "Assignment   and   Acceptance"),   together  with  a
                    processing and recordation fee of $3,500; provided, however,
                    that  such  recordation  fee shall  not be  payable  if such
                    transfer is made  pursuant  to Sections  2.01(f) or (h)(vi),
                    and  provided,  further,  that any  consent  of the  Company
                    required  under this  paragraph  shall not be required if an
                    Event of Default has occurred and is continuing."

               (i) All  references in the Credit  Agreement to "270 Park Avenue,
          New York,  New York  10017"  shall be changed to "One Chase  Manhattan
          Plaza, New York, New York 10081".

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               SECTION 2.  Representations  and  Warranties.  The Company hereby
          represents  and  warrants  to the  Administrative  Agent and the Banks
          that:

               (a)  This  Amendment  has  been  duly  authorized,  executed  and
          delivered  by  it  and  constitutes  its  legal,   valid  and  binding
          obligations enforceable in accordance with its terms.

               (b) As of the  date  hereof,  and  after  giving  effect  to this
          Amendment,  no  Default  or  Event  of  Default  has  occurred  and is
          continuing and the  representations  and  warranties  contained in the
          Credit Agreement,  as amended by this Amendment,  are true and correct
          in all material respects as if made on the date hereof.

               SECTION 3. Effectiveness.  The effectiveness of this Amendment is
          subject  to the  satisfaction  on the  date  hereof  of the  following
          conditions:

               (a)  the  Administrative   Agent  shall  have  received  executed
          counterparts of this Amendment  which,  when taken together,  bear the
          signatures of the Company and the Majority Banks; and

               (b) the  Administrative  Agent shall have  received  all fees and
          other amounts payable in connection with this Agreement on or prior to
          the date hereof,  including, to the extent invoiced,  reimbursement or
          payment of all  out-of-pocket  expenses  required to be  reimbursed or
          paid by the Company hereunder.

               Following the  satisfaction  on the date hereof of the conditions
          set forth above, the Administrative  Agent shall inform the Company in
          writing that this Amendment has become effective.

               SECTION  4.  Counterparts.  This  Amendment  may be signed in any
          number of counterparts, each of which shall constitute an original but
          all of which when taken  together  shall  constitute but one contract.
          Delivery of an executed  counterpart  of a signature page by facsimile
          transmission  shall be  effective  as delivery of a manually  executed
          counterpart of this Amendment.

               SECTION 5.  APPLICABLE  LAW. This Amendment shall be deemed to be
          an agreement executed by the Company,  the  Administrative  Agent, the
          Documentation  Agents,  the  Syndication  Agent and the Majority Banks
          under the laws of the State of New York and of the  United  States and
          for all purposes  shall be construed in accordance  with, and governed
          by, the laws of said State and of the United States.

               SECTION 6. Credit Agreement.  As used in the Credit Agreement and
          the Exhibits thereto, the terms "Agreement",  "herein", "hereinafter",
          "hereunder",  "hereto",  and words of similar import shall mean,  from
          and after the date  hereof,  the Credit  Agreement  as amended by this
          Amendment.

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               SECTION 7. Expenses.  The Company shall,  in accordance  with the
          provisions  of  Section  13.01  of  the  Credit  Agreement,   pay  all
          reasonable out-of-pocket expenses incurred by the Administrative Agent
          and  the  Banks  in  connection  with  the  preparation,  negotiation,
          execution, delivery and enforcement of this Amendment,  including, but
          not  limited to, the  reasonable  fees and  disbursements  of Cravath,
          Swaine & Moore.  The  agreement  set  forth  in this  Section  7 shall
          survive the termination of this Amendment.

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                  IN WITNESS WHEREOF, the parties hereto have caused this
         Amendment to be duly executed by their duly authorized officers, all as
         of the date and year first above written.

                                 COX COMMUNICATIONS, INC.,

                                    by /s/Jimmy Hayes
                                      -------------------------------
                                    Name:  Jimmy Hayes
                                    Title: Executive Vice President, Finance and
                                           Administration and Chief Financial
                                           Officer

[MAJORITY BANKS]AGREEMENT OF SALE
                                -----------------

AGREEMENT OF SALE,  made as of July 3, 2001,  between Thomas  Fatato,  having an
address at 429 Devoe Avenue, Box 702, Bronx, New York ("Seller"),  and Universal
Media  Holdings,  Inc., a Delaware  corporation,  having an address at 540 North
Avenue, Union, New Jersey ("Purchaser").

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

WHEREAS,  Purchaser  desires  to  acquire,  and Seller  desires to sell,  51% of
certain assets of the business known as Del-Pais International, Inc. hereinafter
specified, upon the terms and conditions hereinafter set forth.

NOW, THEREFORE,  in consideration of the covenants and agreements  hereafter set
forth,  and other valuable  consideration,  the receipt and sufficiency of which
hereby are acknowledged, the parties hereto agree as follows:

1. Agreement To Sell. Seller agrees to sell,  transfer and deliver to Purchaser,
and Purchaser agrees to purchase,  upon the terms and conditions hereinafter set
forth, 51% of the certain assets and obligations (other than cash,  certificates
of deposit,  securities, and cash equivalents) of the business known as Del-Pais
International, Inc. (the "Assets"), including without limitation the following:

(a)      the accounts receivable of the business outstanding on the closing date
(the "Accounts Receivable");

(b)      the  contracts  and  agreement  described  in Exhibit  A-1 hereto  (the
"Contracts");

(c)      the business known as Del-Pais  International,  Inc., and the books and
records thereof (the "Business");

(d)      all  right,   title  and  interest  of  Seller  in  the  name  Del-Pais
International, Inc. and any variants thereof (the "Name"); and

(e)      the goodwill of the business (the "Goodwill").

2. Purchase Price. The purchase price to be paid by Purchaser for the 51% of the
assets, is as follows:

(a)      The  issuance  of shares of Common  Stock of the  Purchaser  worth FOUR
HUNDRED AND FIFTY THOUSAND  SHARES  ($450,000)  valued as of the date of closing
(the "Purchaser Shares"), to be valued after the corporate reorganization of the
Purchaser. The Purchaser Shares shall be fully paid and non-assessable and shall
bear  a  restrictive   legend  upon  the  certificate  and  be  subject  to  the
requirements of Rule 144. Purchase shall issue the shares as follows;

         (i)      On  the   quarterly   anniversary   of  the  closing  of  this
         transaction, the Purchaser shall register, via a Registration Statement
         shares  equal to one-  fourth the total  purchase  price for 51% of the
         Assets.  Each  quarter's  Registration  Statement  shall contain enough
         shares to equal the one-quarter of the total purchase  price,  with the
         final  quarter to be increased  to equal any  shortfall in the value of
         the previous three quatrters.

(b)      Assumption of 51% of the  obligation  currently  paid by Seller for the
purchase of the rights to sell the product of Del-Pais  International,  Inc; and
(c) The  payment of working  capital  from the  Purchaser  and the Seller of ONE
HUNDRED  THOUSAND  DOLLARS  ($100,000)  each  to be used  by the  Purchaser  for
operations. The Seller shall also put in ONE HUNDRED THOUSAND DOLALRS ($100,000)
for working capital of the Company.

<PAGE>

3. The Closing.  The "closing" means the settlement of the obligations of Seller
and Purchaser to each other under this  agreement,  including the payment of the
purchase price to Seller as provided in Article 1 hereof and the delivery of the
closing documents provided for in Article 4 hereof. The closing shall be held at
the offices of the Purchaser, at 10 A.M. on July 3, 2001 (the "closing date").

4.  Closing  Documents.  At the  closing  Seller  shall  execute  and deliver to
Purchaser:

(a)      a Bill of Sale substantially in the form of Exhibit C hereto

(b)      such other  instruments  as may be  necessary  or proper to transfer to
Purchaser all other  ownership  interests in the Assets to be transferred  under
this agreement

At the closing Purchaser shall execute and deliver to Seller:

(a)      an  Assumption  of the  Existing  Indebtedness  in form  and  substance
satisfactory to Seller's attorney

5. Waiver Of Bulk Transfer  Requirements.  The parties waive compliance with the
bulk transfer provisions of the Uniform Commercial Code, which may be applicable
to this  transaction.  Seller agrees to indemnify  Purchaser  against all claims
made by the creditors of Seller,  other than the Existing  Indebtedness to which
this sale is subject.

6.  Use Of  Purchase  Price  To Pay  Encumbrances.  If  there  is  any  lien  or
encumbrance  against the Assets,  or anything else  affecting  this sale,  which
Seller is  obligated to pay and  discharge  at the  closing,  Seller may use any
portion of the  balance of the  purchase  price to  discharge  it, or Seller may
allow to  Purchaser  the amount  thereof as a credit at the  closing.  Purchaser
agrees to provide separate certified checks as reasonably requested to assist in
clearing up these matters.

7.  Representations And Warranties Of Seller.  Seller represents and warrants to
Purchaser as follows:

(a)      Seller has full power and  authority  to conduct  his  business  as now
carried on, and to carry out and perform his  undertakings  and  obligations  as
provided herein.

(b)      No action,  approval,  consent  or  authorization  of any  governmental
authority is necessary for Seller to consummate  the  transactions  contemplated
hereby.

(c)      Seller is the owner of and has good and marketable title to the Assets,
free of all liens, claims and encumbrances, except as set forth herein.

(d)      There are no violations of any law or  governmental  rule or regulation
pending against Seller or the Assets.

(e)      There are no judgments,  liens,  suits,  actions or proceedings pending
against Seller or the Assets.

(f)      Seller has not  entered  into,  and the Assets are not subject to, any:
(i) written  contract or  agreement  for the  employment  of any employee of the
business;   (ii)  contract  with  any  labor  union  or  guild;  (iii)  pension,
profit-sharing,  retirement,  bonus,  insurance, or similar plan with respect to
any employee of the business; or (iv) similar contract or agreement affecting or
relating to the Assets.

(g)      At the time of the closing, there will be no creditors of Seller, other
than the holders of the Existing Indebtedness.

(h)      The  Contracts  are in full force and effect and without any default by
Seller  thereunder.  All copies of the Contracts provided by Seller to Purchaser
are true and complete copies of the original  Contracts.  Seller is not indebted
under any executory Contracts, except as may be set forth in Exhibit A-1 hereto.

<PAGE>

8.  Representations  And  Warranties  Of  Purchaser.  Purchaser  represents  and
warrants to Seller as follows:

(a)      Purchaser is a corporation  duly  organized and validly  existing under
the  laws of  Delaware,  and is  duly  qualified  to do  business  in New  York.
Purchaser has full power and authority to carry out and perform its undertakings
and obligations as provided  herein.  The execution and delivery by Purchaser of
this agreement and the consummation of the transactions contemplated herein have
been  duly  authorized  by the  Board of  Directors  of  Purchaser  and will not
conflict with or breach any provision of the  Certificate  of  Incorporation  or
Bylaws of Purchaser.

(b)      No action,  approval,  consent  or  authorization  of any  governmental
authority is necessary for Purchaser to consummate the transactions contemplated
hereby.

9. No Other Representations.  Purchaser acknowledges that neither Seller nor any
representative  or agent of  Seller  has made  any  representation  or  warranty
(expressed or implied)  regarding  the Assets or the business,  or any matter or
thing affecting or relating to this agreement,  except as specifically set forth
in this agreement. Seller shall not be liable or bound in any manner by any oral
or  written  statement,  representation,   warranty,  agreement  or  information
pertaining  to the Assets or the  business or this  agreement  furnished  by any
broker, agent or other person,  unless specifically set forth in this agreement.
Purchaser has inspected the Assets,  Purchaser agrees to take the Assets "as is"
and in their  present  condition,  subject to  reasonable  use,  wear,  tear and
deterioration between now and the closing date.

10. Conduct Of The Business. Seller, until the closing, shall:

(a)      conduct the business in the normal, useful and regular manner;

(b)      use his best  efforts to preserve  the business and the goodwill of the
customers and suppliers of the business and others having relations with Seller;
and

(c)      give  Purchaser  and its  duly  designated  representatives  reasonable
access to  Seller's  premises  and the books and  records of the  business,  and
furnish to Purchaser such data and information  pertaining to Seller's  business
as Purchaser from time to time reasonably may request.

Unless  and  until  the  closing  shall  take  place,  Purchaser  shall  hold in
confidence all information  obtained in connection with this agreement,  and, if
for any reason the  closing  shall not take  place,  Purchaser  shall  return to
Seller all documents received hereunder.

11. Expenses Before And After The Closing.  Except as otherwise provided in this
agreement,  Seller shall be liable for the payment of all bills for merchandise,
goods and inventory delivered to the business before the closing;  and Purchaser
shall be 51% liable  for the  payment  of all bills for  merchandise,  goods and
inventory delivered to the business after the date of the closing.

Seller shall be liable for the payment of all salaries,  payroll  deductions and
taxes levied upon the employer in connection  with the employee's work performed
before the closing. Purchaser shall be responsible for 51% of the payment of all
salaries,  payroll  deductions  and taxes levied upon the employer in connection
with the employee's work performed after the closing.

<PAGE>

12. Conditions To Closing. The obligations of the parties to close hereunder are
subject to the following conditions:

(a)      All of the terms,  covenants  and  conditions  to be  complied  with or
performed by the other party under this agreement on or before the closing shall
have been complied with or performed in all material respects.

(b)      All representations or warranties of the other party herein are true in
all material respects as of the closing date.

(c)      On the closing date,  there shall be no liens or  encumbrances  against
the Assets, except as provided for herein.

If Purchaser shall be entitled to decline to close the transactions contemplated
by this agreement,  but Purchaser  nevertheless shall elect to close,  Purchaser
shall be deemed to have waived all claims of any nature arising from the failure
of Seller to comply with the conditions or other provisions of this agreement of
which Purchaser shall have actual knowledge at the closing.

13. Risk Of Loss. The risk of loss to the assets of the business sold hereunder,
until the closing, is assumed and shall be borne by Seller.

14.  Employment  During  Transition  Period.  In order to provide for an orderly
transfer  of the  operations  of the  business,  Seller  shall  be  employed  by
Purchaser  for a period of Two years  following  the closing  for the  following
compensation: Fifty Thousand Dollars per year.

15. Brokerage.  The parties hereto represent and warrant to each other that they
have not dealt with any broker or finder in  connection  with this  agreement or
the  transactions  contemplated  hereby,  and no broker  or any other  person is
entitled  to  receive  any  brokerage   commission,   finder's  fee  or  similar
compensation in connection with this agreement or the transactions  contemplated
hereby. Each of the parties shall indemnify and hold the other harmless from and
against all liability,  claim,  loss,  damage or expense,  including  reasonable
attorneys' fees, pertaining to any broker, finder or other person with whom such
party has dealt.

16. Notices. All notices, demands and other communications required or permitted
to be given  hereunder  shall be in  writing  and  shall be  deemed to have been
properly  given  if  delivered  by  hand or by  Federal  Express  courier  or by
registered or certified mail, return receipt requested, with postage prepaid, to
Seller or Purchaser, as the case may be, at their addresses first above written,
or at such other addresses as they may designate by notice given hereunder.

17.  Survival.  The  representations,  warranties and covenant  contained herein
shall survive the delivery of the Bill of Sale and shall  continue in full force
and effect after the closing, except to the extent waived in writing.

18. Further Assurances. In connection with the transactions contemplated by this
agreement,  the parties  agree to execute and deliver such further  instruments,
and to take such further  actions,  as may be reasonably  necessary or proper to
effectuate and carry out the transactions contemplated in this agreement.

19.  Entire  Agreement.  This  agreement  contains  all of the terms agreed upon
between Seller and Purchaser  with respect to the subject  matter  hereof.  This
agreement  has been  entered  into after full  investigation.  All prior oral or
written statements, representations,  promises, understandings and agreements of
Seller and Purchaser are merged into and  superseded  by this  agreement,  which
alone fully and completely expresses their agreement.

20.  Changes  Must Be In  Writing.  No delay or  omission  by  either  Seller or
Purchaser in exercising any right shall operate as a waiver of such right or any
other right.  This  agreement may not be altered,  amended,  changed,  modified,
waived or terminated  in any respect or  particular  unless the same shall be in
writing  signed by the party to be bound.  No waiver by any party of any  breach
hereunder shall be deemed a waiver of any other or subsequent breach.

<PAGE>

21.  Captions And Exhibits.  The captions in this agreement are for  convenience
only and are not to be  considered in construing  this  agreement.  The Exhibits
annexed to this  agreement  are an integral  part of this  agreement,  and where
there is any  reference  to this  agreement  it shall be deemed to include  said
Exhibits.

22.  Governing  Law.  This  agreement  shall be  governed  by and  construed  in
accordance  with the laws of the State of New York.  If any  provisions  of this
agreement shall be unenforceable or invalid, such unenforceability or invalidity
shall not affect the remaining provisions of this agreement.

23.  Binding  Effect.  This  agreement  shall not be  considered  an offer or an
acceptance  of an offer by Seller,  and shall not be binding  upon Seller  until
executed and  delivered by both Seller and  Purchaser.  Upon such  execution and
delivery,  this agreement  shall be binding upon and inure to the benefit of the
parties hereto and their respective heirs, executors, administrators, successors
and permitted assigns.

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

                                           _____________________________________
                                             Thomas Fatato

                                           UNIVERSAL MEDIA HOLDINGS, INC.

                                           By __________________________________
                                               Anthony Vigliotti, President

<PAGE>

                                   EXHIBIT A-1

                                    Contracts
                                    ---------

<PAGE>

                                    EXHIBIT B

                              Existing Indebtedness
                              ---------------------

<PAGE>

                                    EXHIBIT C

                                  BILL OF SALE
                                  ------------

                  KNOW THAT, for valuable  consideration,  Thomas Fatato, having
an address at 429 Devoe Avenue, Box 702, Bronx, New York ("Seller"), does hereby
grant, sell, transfer and assign unto Universal Media Holdings, Inc., a Delaware
corporation,   having  an  address  at  540  North  Avenue,  Union,  New  Jersey
("Purchaser"),  51% of all  right,  title and  interest  of Seller in and to the
assets of the business known as Del-Pais International,  Inc., more particularly
described in Exhibit A attached hereto and made a part hereof,

                  TO HAVE AND TO HOLD the same  unto  Purchaser  and the  heirs,
executors, administrators, successors and assigns of Purchaser forever.

                  IN WITNESS WHEREOF, Seller has duly executed this Bill of Sale
as of July 3, 2001.

                                           __________________________________
                                              Thomas Fatato

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