<html>
  <head>
    <title>
      Form 8K Integrated Media Holdings, Inc.
</title>
<!-- Licensed to: Sonfield & Sonfield-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <div><br>
      <div>
        <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
        <hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
        D.C. 20549</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
        REPORT</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PURSUANT
        TO SECTION 13 OR 15 (D)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
        the</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
        EXCHANGE ACT OF 1934</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Date
        of Report (Date of Earliest Event Reported) </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>April
        11, 2007</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>INTEGRATED
        MEDIA HOLDINGS, INC.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
        name of registrant as specified in its charter)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>DELAWARE</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
        or
        other jurisdiction of incorporation or organization)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>33-119586</strong></font></div>
              </td>
              <td valign="top" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>76-0600966</strong></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                  File Number)</font></div>
              </td>
              <td valign="top" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                  Employer Identification Number)</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Paul
        D. Hamm</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">President</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Integrated
        Media Holdings, Inc</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10
        Glenlake Parkway, Suite 130</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Atlanta,
        GA 30328</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
        of principal executive offices)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(678)
        222-3445</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant&#8217;s
        telephone number, including area code)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div>
        <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
        <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: white" noshade size="1">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 491.1pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        1.01 Entry into a Material Definitive Agreement.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        April
        1, 2007, the board of directors recommended and majority shareholders approved
        by consent the sale of WV Fiber Inc. to Ultra Global Investments, LLC, a
        company
        formed by Peter Marcum and Harish Shah for the purpose of completing this
        purchase. We signed a Securities Purchase Agreement with Ultra Global on
        April
        11, 2007. The purchase price for this transaction was as follows: (a) $200,000,
        payable in equal installments of $50,000 each, with the first such installment
        being due on April 11, 2007, and subsequent installments due pursuant to
        a
        Promissory Note, which was issued and delivered to us on the Closing Date;
        (b)
        assumption and payment of all indebtedness due from the Company to HT
        Investments, LLC, in the principal amount of $1,046,822; (c) assumption of
        the
        indebtedness owed by the us to certain creditors in the total amount of
        $1,464,484 , as set forth in more detail in a schedule attached to the purchase
        agreement; (e) assumption by the Buyer of indebtedness in the amount of $87,500
        owed by the Seller to M &amp; A Partners, Inc., dated October 26, 2006; and (f)
        surrender to the Seller for cancellation of Seller&#8217;s capital stock or employee
        options or warrants exercisable for common stock equivalent, in the aggregate,
        to approximately 4,000,000 shares of common stock (assuming conversion of
        any
        preferred shares included within the capital stock so surrendered), provided,
        however, that this clause shall be satisfied if Buyer surrenders or causes
        surrender of such stock, options and warrants equivalent to at least 3,600,000
        shares of common stock; and (g) surrender to the Seller for cancellation
        of an
        additional 402,607 shares of Seller&#8217;s preferred stock, convertible into
        approximately 3,900,000 shares of common stock.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        8.01. Other Events</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company filed a preliminary Information Statement on form PRE14C on April
        16,
        2007 and mailed a copy of the preliminary Information Statement to our
        shareholders around April 27, 2007. This preliminary Information Statement
        did
        not satisfy the requirement of Rule 14c-5(b) of the Exchange Act and therefore
        it should be disregarded. The Company intends to mail a definitive Information
        Statement regarding the closing of the transaction described above that will
        satisfy the requirement of Rule 14c-5(b) of the Exchange Act upon the filing
        of
        the final Information Statement with the SEC on form DEF14C. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURE</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the requirements of the Securities Exchange Act of 1934, the registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr bgcolor="#ffffff">
              <td align="left" valign="middle" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="middle" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="middle" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="middle" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" colspan="2" valign="middle" width="47%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INTEGRATED
                  MEDIA HOLDINGS, INC.</strong></font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="middle" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;</font></div>
              </td>
              <td align="left" valign="middle" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;</font></div>
              </td>
              <td align="left" valign="middle" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" valign="middle" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:&#160;May
                  22, 2007</font></div>
              </td>
              <td align="left" valign="middle" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></div>
              </td>
              <td align="left" valign="middle" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/&#160;Paul
                  D Hamm&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td align="left" colspan="2" valign="middle" width="44%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="middle" width="43%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                  President</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: white" noshade size="1">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
        A</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>STOCK
        PURCHASE AGREEMENT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
        Stock Purchase Agreement ("Agreement") is made as of March 31, 2007, by Ultra
        Global Investment, LLC, a Tennessee limited liability company ("Buyer") and
        Integrated Media Holdings, Inc., a Delaware corporation (the
&#8220;Seller&#8221;).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 234pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>RECITALS</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Seller
        desires to sell, and Buyer desires to purchase, all of the outstanding capital
        stock (the &#8220;Shares&#8221;) in WV Fiber, Inc. (formerly known as Louros Networks,
        Inc.), a Delaware corporation (the &#8220;Company&#8221;), for the consideration and on the
        terms set forth in this Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 234pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>AGREEMENT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        parties, intending to be legally bound, agree as follows:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SALE
        AND TRANSFER OF SHARES; CLOSING</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SALE
        AND
        PURCHASE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Subject
        to the terms
        and conditions of this Agreement, at the Closing, Seller will sell and transfer
        the Shares to Buyer, Buyer will purchase the Shares from Seller.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PURCHASE
        PRICE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;The
        purchase price
        for the Shares (the &#8220;Purchase Price&#8221;) will be the following: (a) $200,000,
        payable in equal installments of $50,000 each, with the first such installment
        being due on April 10, 2007 (the &#8220;Closing Date&#8221;), and subsequent installments
        due pursuant to a Promissory Note (the &#8220;Note&#8221;), which will be issued and
        delivered to the Seller on the Closing Date; (b) assumption and payment of
        all
        indebtedness due from the Company to HT Investments, LLC, in the principal
        amount of $1,046,822; (c) assumption of the indebtedness owed by the Seller
        to
        the creditors and in the amounts set forth on </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Schedule
        1.2(a)</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        attached
        hereto; (d) forgiveness of indebtedness of the Seller owed to the creditors
        and
        in the amounts set forth on </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Schedule
        1.2(b)</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        attached
        hereto; (e) assumption by the Buyer of indebtedness in the amount of $87,500
        owed by the Seller to M &amp; A Partners, Inc., dated October 26, 2006; and (f)
        surrender to the Seller for cancellation of Seller&#8217;s capital stock or vested
        employee options or warrants exercisable for common stock equivalent, in
        the
        aggregate, to 4,000,000 shares of common stock (assuming conversion of any
        preferred shares included within the capital stock so surrendered), provided,
        however, that this clause shall be satisfied if Buyer surrenders or causes
        surrender of such stock, vested options and warrants equivalent to at least
        3,600,000 shares of common stock; and (g) surrender to the Seller for
        cancellation of an additional 402,607 shares of Seller&#8217;s preferred stock,
        convertible into approximately 3,900,000 shares of common stock. The cash
        portion of the Purchase Price shall be payable as provided in clause (a)
        of this
        Section 1.2. The debt assumptions comprising a portion of the Purchase Price
        pursuant to clauses (c) and (e) herein shall be evidenced by delivery to
        Seller,
        at closing, an executed assumption agreement. The debt forgiven compromising
        a
        portion of the Purchase Price pursuant to clause (d) shall be evidenced by
        delivery to Seller, at closing, of original notes evidencing forgiven debt,
        marked &#8220;paid in full&#8221;, &#8220;cancelled&#8221;, or words of like import. The stock to be
        surrendered for cancellation compromising a portion of the Purchase Price
        pursuant to clause (f) shall be made by delivery to Seller, within 45 days
        following the Closing, of certificates representing such shares, each of
        which
        shall be duly endorsed for transfer or accompanied by duly executed stock
        powers.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CLOSING</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        purchase and sale (the "Closing") provided for in this Agreement will take
        place
        at the offices of Buyer's counsel at 1222 16th Avenue South, Nashville,
        Tennessee, at 4:00 p.m. (local time) on the Closing Date, or at such other
        place
        as the parties may agree. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.4</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SERVICE
        AGREEMENT</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At
        the
        Closing, Endavo Media and Communications, Inc. (&#8220;Endavo&#8221;), a subsidiary of the
        Seller, and the Company shall execute a Service Contract substantially in
        the
        form of Exhibit 1.4 hereto (the &#8220;Service Contract&#8221;) for the provision by the
        Company to Endavo of bandwidth, on the terms set forth on Exhibit 1.4 hereto.
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.5</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CLOSING
        OBLIGATIONS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At
        the
        Closing:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Seller
        will deliver to Buyer (i) an Assignment and Stock Power, duly executed by
        Seller, assigning to Buyer all of the Shares, (ii) a resignation as officer,
        director and any similar office, and as an employee of the Company, executed
        by
        Paul Hamm, and (iii) the Service Contract, executed by Endavo; and</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">b</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Buyer
        will deliver to Seller (i) the initial $50,000 installment of the Purchase
        Price, (ii) Promissory Note for $150,000, (iii) evidence of the Buyer&#8217;s
        assumption of the debt referred to in clauses (b), (c), (d) and (e) of Section
        1.2; (iv) a resignation as officer, director and any similar office, and
        as an
        employee of the Seller and/or its subsidiaries, executed by Peter Marcum
        and
        Harish Shah; (v) the Service Contract, executed by the Company; (vi) preferred
        stock referred to in clause (g) of Section 1.2: and (vii) surrendered shares
        referred to in clause (f) of Section 1.2, within 45 days of the Closing
        Date.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>REPRESENTATIONS,
        WARRANTIES AND COVENANTS OF SELLER</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Seller
        represents and warrants to Buyer as follows:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ORGANIZATION
        AND GOOD STANDING</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
        of
        Seller and the Company is a corporation, duly organized, validly existing,
        and
        in good standing under the laws of the State of Delaware, with full power
        and
        authority to conduct its business as it is now being conducted, to own or
        use
        the properties and assets that it purports to own or use, and to perform
        all its
        obligations under all contracts to which it is a party. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AUTHORITY;
        NO CONFLICT</font><br></div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
        Agreement has been duly authorized by all necessary corporate action on the
        part
        of Seller and constitutes the legal, valid, and binding obligation of Seller,
        enforceable against Seller in accordance with its terms. Seller has the absolute
        and unrestricted right, power, authority, and capacity to execute and deliver
        this Agreement and to perform its obligations hereunder.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CAPITALIZATION</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Seller owns all of the outstanding stock of the Company, free and clear of
        all
        encumbrances other than a pledge in favor of HT Investments, LLC. All of
        the
        outstanding shares of stock of the Company have been duly authorized and
        validly
        issued and are fully paid and nonassessable. Other than such pledge, there
        are
        no contracts relating to the issuance, sale, or transfer of any stock or
        other
        securities of Seller. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.4</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">COMPANY</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company has defaulted in payment of the indebtedness owed to HT Investments,
        LLC, which is secured by substantially all assets of the Company and guaranteed
        by the Seller. The Seller is aware that management of the Company has been
        aggressively marketing the services of the Company, and that such management
        believes it has secured sufficient new business and future prospects to operate
        profitably, is attempting to arrange financing to provide new equipment to
        provide enhanced and expanded services to the Company&#8217;s customers, and that the
        Company can operate profitably in the future. Except for the foregoing, the
        Seller makes no representations or warranties regarding the results of
        operations, financial condition, or prospects of the Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.5</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DISCLOSURE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        representations, warranties and statements of the Seller in this Agreement,
        in
        any schedule or in any certificate or other document delivered by Seller
        to
        Buyer pursuant to this Agreement are complete, current and accurate and do
        not
        omit and will not omit to state any material fact necessary to make each
        representation, warranty or statement accurate and not misleading in any
        material respect. The Seller has received from the Company or the Buyer all
        information and documents regarding the Company that the Seller has requested
        in
        connection with the execution of this Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.6</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RELEASE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective
        upon the Closing, Seller, on behalf of itself, and each of its affiliates,
        and
        each of their predecessors, successors and assigns, acknowledges full and
        complete satisfaction of, and hereby irrevocably, unconditionally, forever
        and
        finally, releases and fully discharges each of the Company and the Buyer,
        and
        their respective affiliates, shareholders, owners, officers, directors,
        employees, agents, attorneys, representatives, predecessors, successors and
        assigns (the &#8220;Buyer Released Parties&#8221;) from, any and all claims, demands,
        actions, causes of action, promises, covenants, contracts, agreements, bonds,
        obligations, liabilities, losses, damages, costs, expenses, and moneys otherwise
        accrued, due or unpaid, of whatever character, nature or kind, knows or unknown,
        whether in law or in equity, in contract or in tort, under any statute or
        at
        common law, fixed or contingent, against the Buyer Released Parties, other
        than
        (a) agreements and obligations of the Buyer set forth in this Agreement and
        in
        the promissory note evidencing the deferred cash portion of the Purchase
        Price,
        and (b) agreements and obligations of the Company under the Service Contract.
        Any Buyer Released Parties who are not parties to this Agreement shall be
        third-party beneficiaries of this Section 2.6.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>REPRESENTATIONS,
        WARRANTIES AND COVENANTS OF BUYER</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Buyer
        represents and warrants to Seller as follows:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ORGANIZATION
        AND GOOD STANDING</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Buyer
        is
        a limited liability company duly organized, validly existing, and in good
        standing under the laws of the State of Tennessee.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AUTHORITY;
        NO CONFLICT</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
        Agreement has been duly authorized by all necessary corporate action on the
        part
        of Buyer and constitutes the legal, valid, and binding obligation of Buyer,
        enforceable against Buyer in accordance with its terms. Buyer has the absolute
        and unrestricted right, power, and authority to execute and deliver this
        Agreement and to perform its obligations under this Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INVESTMENT
        INTENT</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Buyer
        is
        acquiring the Shares for its own account and not with a view to their
        distribution within the meaning of Section 2(11) of the Securities
        Act.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.4</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">COMPANY</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Buyer
        is aware that the Company and its predecessor have operated at significant
        losses and cash flow deficits, that the indebtedness to be assumed by the
        Buyer
        pursuant to this Agreement is in default, and that the Buyer shall bear the
        sole
        risk of profitable operation of the Company and restructuring and/or repayment
        of the indebtedness assumed hereunder. The Buyer has not relied on any
        representations or warranties by the Seller regarding the financial condition,
        results of operations, or prospects of the Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.5</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FULL
        DISCLOSURE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        representations, warranties and statements of the Buyer in this Agreement,
        in
        any schedule or in any certificate or other document delivered by Buyer to
        Seller pursuant to this Agreement are complete, current and accurate and
        do not
        omit and will not omit to state any material fact necessary to make each
        representation, warranty or statement accurate and not misleading in any
        material respect. The Buyer has delivered to Seller such documents and
        information regarding the Company as the Seller has requested in connection
        with
        the execution of this Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.6</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">RELEASE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective
        upon the Closing, Buyer, on behalf of itself, and each of its affiliates,
        and
        each of their predecessors, successors and assigns, acknowledges full and
        complete satisfaction of, and hereby irrevocably, unconditionally, forever
        and
        finally, releases and fully discharges each of the Seller, and its affiliates,
        shareholders, owners, officers, directors, employees, agents, attorneys,
        representatives, predecessors, successors and assigns (the &#8220;Seller Released
        Parties&#8221;) from, any and all claims, demands, actions, causes of action,
        promises, covenants, contracts, agreements, bonds, obligations, liabilities,
        losses, damages, costs, expenses, and moneys otherwise accrued, due or unpaid,
        of whatever character, nature or kind, knows or unknown, whether in law or
        in
        equity, in contract or in tort, under any statute or at common law, fixed
        or
        contingent, against the Seller Released Parties, other than (a) agreements
        and
        obligations of the Seller set forth in this Agreement, and (b) agreements
        and
        obligations of the Buyer&#8217;s affiliate(s) under the Service Contract. Any Seller
        Released Parties who are not parties to this Agreement shall be third-party
        beneficiaries of this Section 3.6.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>BREACH</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        the
        event either party should fail to perform any of its obligations hereunder,
        the
        other party shall be entitled to bring suit in any court of competent
        jurisdiction for specific performance and to recover such monetary damages
        as
        the non-breaching party shall be entitled to recover.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        the
        event the Buyer fails to pay the full Purchase Price in the manner described
        in
        section 1.2 herein and such non-payment continues beyond the fifth
        (5</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">)
        day
        following the date when the same becomes due and payable, the Seller shall
        be
        entitled to accelerate the full payment of unpaid principal and applicable
        default interest on the Promissory Note, issued to Seller pursuant to section
        1.2(a) herein, as an Event of Default. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>GENERAL
        PROVISIONS</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXPENSES</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Except
        as
        otherwise expressly provided in this Agreement, each party to this Agreement
        will bear its respective expenses incurred in connection with the preparation,
        execution, and performance of this Agreement and the transactions contemplated
        hereby, including all fees and expenses of agents, representatives, counsel,
        and
        accountants. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PUBLIC
        ANNOUNCEMENTS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
        public announcement or similar publicity with respect to this Agreement or
        the
        transactions contemplated hereby will be issued, if at all, at such time
        and in
        such manner as Seller and Buyer agree. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOTICES</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
        notices, consents, waivers, and other communications under this Agreement
        must
        be in writing and will be deemed to have been duly given when (a) delivered
        by
        hand (with written confirmation of receipt), (b) sent by telecopier (with
        written confirmation of receipt), provided that a copy is mailed by registered
        mail, return receipt requested, or (c) when received by the addressee, if
        sent
        by a nationally recognized overnight delivery service (receipt requested),
        in
        each case to the appropriate addresses and telecopier numbers set forth below
        (or to such other addresses and telecopier numbers as a party may designate
        by
        notice to the other parties):</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Seller:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Integrated
        Media Holdings, Inc.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Attention:
        Paul D. Hamm</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10
        Glenlake Parkway, Suite 130</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Atlanta,
        GA 30328</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Facsimile
        No.: 678-623-5026</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Buyer:
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">c/o
        Wilhagan Ventures, LLC</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">315
        Wilhagan Street</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nashville,
        TN 37217</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Attention:
        Peter C. Marcum</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Facsimile
        No.: 615-385-5870</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.4</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FURTHER
        ASSURANCES</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        parties agree (a)&#160;to furnish upon request to each other such further
        information, (b)&#160;to execute and deliver to each other such other documents,
        and (c)&#160;to do such other acts and things, all as the other party may
        reasonably request for the purpose of carrying out the intent of this Agreement
        and the documents referred to in this Agreement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.5</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ENTIRE
        AGREEMENT AND MODIFICATION</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
        Agreement supersedes all prior agreements between the parties with respect
        to
        its subject matter and constitutes (along with the documents referred to
        in this
        Agreement) a complete and exclusive statement of the terms of the agreement
        between the parties with respect to its subject matter. This Agreement may
        not
        be amended except by a written agreement executed by the party to be charged
        with the amendment.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.6</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ASSIGNMENTS,
        SUCCESSORS, AND NO THIRD-PARTY RIGHTS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Neither
        party may assign any of its rights under this Agreement without the prior
        consent of the other parties. Subject to the preceding sentence, this Agreement
        will apply to, be binding in all respects upon, and inure to the benefit
        of the
        successors and permitted assigns of the parties. Nothing expressed or referred
        to in this Agreement will be construed to give any Person other than the
        parties
        to this Agreement any legal or equitable right, remedy, or claim under or
        with
        respect to this Agreement or any provision of this Agreement. This Agreement
        and
        all of its provisions and conditions are for the sole and exclusive benefit
        of
        the parties to this Agreement and their successors and assigns, except as
        otherwise provided in Sections 2.6 and 3.6.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.7</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SEVERABILITY</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
        any
        provision of this Agreement is held invalid or unenforceable by any court
        of
        competent jurisdiction, the other provisions of this Agreement will remain
        in
        full force and effect. Any provision of this Agreement held invalid or
        unenforceable only in part or degree will remain in full force and effect
        to the
        extent not held invalid or unenforceable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.8</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECTION
        HEADINGS, CONSTRUCTION</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        headings of Sections in this Agreement are provided for convenience only
        and
        will not affect its construction or interpretation. All references to "Section"
        or "Sections" refer to the corresponding Section or Sections of this Agreement.
        All words used in this Agreement will be construed to be of such gender or
        number as the circumstances require. Unless otherwise expressly provided,
        the
        word "including" does not limit the preceding words or terms.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.9</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">TIME
        OF
        ESSENCE</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">With
        regard to all dates and time periods set forth or referred to in this Agreement,
        time is of the essence.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;5.10
        COUNTERPARTS</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
        Agreement may be executed in one or more counterparts, each of which will
        be
        deemed to be an original copy of this Agreement and all of which, when taken
        together, will be deemed to constitute one and the same
        agreement.</font><br></div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IN
        WITNESS WHEREOF, the parties have executed and delivered this Agreement as
        of
        the date first written above.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="justify" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Buyer:
                  </font></div>
              </td>
              <td align="justify" valign="top" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </td>
              <td align="justify" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sellers:</font></div>
              </td>
            </tr>
            <tr>
              <td align="justify" valign="top" width="39%">&#160;</td>
              <td align="justify" valign="top" width="4%">&#160;</td>
              <td align="justify" valign="top" width="39%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ULTRA
                  GLOBAL INVESTMENT, LLC</font></div>
              </td>
              <td align="justify" valign="top" width="4%">&#160;</td>
              <td align="justify" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INTEGRATED
                  MEDIA HOLDINGS, INC.</font></div>
              </td>
            </tr>
            <tr>
              <td align="justify" valign="top" width="39%">&#160;</td>
              <td align="justify" valign="top" width="4%">&#160;</td>
              <td align="justify" valign="top" width="39%">&#160;</td>
            </tr>
            <tr>
              <td align="justify" valign="top" width="39%">&#160;</td>
              <td align="justify" valign="top" width="4%">&#160;</td>
              <td align="justify" valign="top" width="39%">&#160;</td>
            </tr>
            <tr>
              <td align="justify" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font><u><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>/s/</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><em>&#160;</em></strong></font></u><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Peter
                  Marcum&#160;&#160;&#160;&#160;&#160;&#160; </u>&#160;&#160;&#160;&#160;
                  </font></div>
              </td>
              <td align="justify" valign="top" width="4%">&#160;</td>
              <td align="justify" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:
                  </font><u><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>/s/
                  </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Paul
                  Hamm&#160;&#160;&#160;&#160;&#160;&#160; </font></u></div>
              </td>
            </tr>
            <tr>
              <td align="justify" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Peter
                  Marcum </font></div>
              </td>
              <td align="justify" valign="top" width="4%">&#160;</td>
              <td align="justify" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Paul
                  D Hamm</font></div>
              </td>
            </tr>
            <tr>
              <td align="justify" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Its:
                  President </font></div>
              </td>
              <td align="justify" valign="top" width="4%">&#160;</td>
              <td align="justify" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Its:
                  President</font></div>
              </td>
            </tr>

        </table><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 252pt; TEXT-INDENT: -252pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <div align="left">&#160;</div>
      </div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: white" noshade size="1">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SCHEDULE
          1.2(a)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Assumed
          Debt</font></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div><br>
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="30%">

              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Payee</strong></font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Amount</strong></font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">&#160;</td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="left" valign="top" width="18%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">M.
                    Gala</font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$445,500</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">&#160;</td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">G.
                    Shah</font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$110,000</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">&#160;</td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">M.
                    Shah</font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$55,625</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">&#160;</td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">J
                    &amp; H Orlando</font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$54,062</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">&#160;</td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">V.
                    Shah</font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$20,000</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">&#160;</td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">H.
                    Desai</font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$5,672</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">&#160;</td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">H.
                    Shah</font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$10,000</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">&#160;</td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Bidchaser
                    payroll</font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$90,000</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">&#160;</td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">H.
                    Shah</font></div>
                </td>
                <td align="left" valign="top" width="2%">&#160;</td>
                <td align="right" valign="top" width="18%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$126,500</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SCHEDULE
        1.2(b)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Converted
        Debt</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <table cellpadding="0" cellspacing="0" width="30%">

            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Payee</strong></font></div>
              </td>
              <td align="left" valign="top" width="2%"><strong>&#160;</strong></td>
              <td align="right" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Amount</strong></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Marble
                  Arch</font></div>
              </td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$109,000</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Kalidas</font></div>
              </td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$139,000</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jdip
                  Shah</font></div>
              </td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$11,125</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Vraj</font></div>
              </td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$138,000</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">M.
                  Gala</font></div>
              </td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="right" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$150,000</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PROMISSORY
        NOTE</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$150,000.00</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 63pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March
        31,
        2007</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FOR
        VALUE
        RECEIVED, the undersigned, ULTRA GLOBAL INVESTMENT LLC, a Tennessee limited
        liability corporation (the &#8220;Maker&#8221;), with offices at 315 Wilhagan Road,
        Nashville, TN 37217, unconditionally promises to pay to the order of INTEGRATED
        MEDIA HOLDINGS INC, an Delaware corporation (the &#8220;Holder&#8221;) with main office at
        10 Glenlake Parkway Suite 130, Atlanta, GA 30328, the principal sum of ONE
        HUNDRED FIFTY THOUSAND DOLLARS ($150,000), without interest except as specified
        herein, payable in three payments of FIFTY THOUSAND DOLLARS ($50,000) as
        defined
        herein. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Whereas,
        this Note and the amount of principal indebtedness described herein has been
        issued to the Holder as partial payment to Holder by Maker pursuant to a
        certain
        Stock Purchase Agreement between the Maker and the Holder, dated April 6,
        2007
        (&#8220;Purchase Agreement&#8221;).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Payments</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Principal amount of this Note shall be payable in three installments as follows:
        $50,000 on April 12, 2007; $50,000.00 on May 12, 2007; and $50,000.00 on
        May 27,
        2007. The Maker shall have the right to prepay this Note in whole at any
        time or
        in part from time to time. All payments by the Maker on account of principal,
        premium, interest or fees hereunder shall be made in money of the United
        States
        of America that at the time of payment is legal tender, by wire transfer
        of
        immediately available funds. In the event that (a) each of the three specified
        payments have been timely made on the dates indicated above, (b) the aggregate
        amount of $150,000 plus any applicable default interest has been paid by
        May 27,
        2007, or such earlier date if the Maker should choose to prepay, and (c)
        no
        event of default, as described herein, has occurred prior to the completion
        of
        the three payments specified above, then, in such event, this Note shall
        be
        deemed paid in full and no further obligations will be due. A payment shall
        be
        considered timely if, and only if, it is made by wire transfer on or before
        the
        fifth (5</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">)
        day
        following the required payment date to the Holder&#8217;s account as follows, unless
        other instructions have been made in writing by the Holder in advance of
        payment
        date: </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="22%">&#160;</td>
              <td align="left" valign="top" width="12%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Bank:</font></div>
              </td>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SunTrust
                  Bank NA</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="22%">&#160;</td>
              <td align="left" valign="top" width="12%">&#160;</td>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3020
                  Peachtree Road NW</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="22%">&#160;</td>
              <td align="left" valign="top" width="12%">&#160;</td>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Atlanta,
                  GA 30305</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="22%">&#160;</td>
              <td align="left" valign="top" width="12%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ABA:</font></div>
              </td>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">061000104</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="22%">&#160;</td>
              <td align="left" valign="top" width="12%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SWIFT:</font></div>
              </td>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SNTRUS3A</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="22%">&#160;</td>
              <td align="left" valign="top" width="12%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Account
                  Name:</font></div>
              </td>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Integrated
                  Media Holdings, Inc. </font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="22%">&#160;</td>
              <td align="left" valign="top" width="12%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Account
                  No:</font></div>
              </td>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1000038608161</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="22%">&#160;</td>
              <td align="left" valign="top" width="12%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Contact:</font></div>
              </td>
              <td align="left" valign="top" width="39%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Meredith
                  Given, (404) 365-3711</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Without
        limiting any of the rights of the Holder of this Note, if any Event of Default
        shall occur while any amount of this Note remains unpaid and outstanding,
        then
        the entire unpaid balance of this Note shall become due and payable immediately
        on the date such default occurred and interest shall begin immediately accruing
        on such date and shall be payable on the total amount due and payable at
        a rate
        equal to eighteen percent (18%) per annum (computed on the basis of a 365-day
        year) until full payment of this Note is received by the Holder as described
        herein. Notwithstanding the foregoing, no interest shall accrue or be payable
        hereunder at a rate in excess of the maximum rate permitted by applicable
        Georgia law.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Events
        of Default</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        This
        Note shall be in default upon the occurrence of any of the following
        events:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a.&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                the Maker shall default in any of the payments of principal of this
                Note
                and such default continues beyond the fifth (5</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">)
                day following the date when the same becomes due and payable as described
                in section 1 above (Non-Payment Default);</font></div>
            </td>
          </tr>

      </table>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">b.&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                any warranty, covenant, representation, agreement or statement made,
                furnished or contained in this Note or the Purchase Agreement be
                untrue or
                misleading in any material respect on the date when made;
                </font></div>
            </td>
          </tr>

      </table>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">c.&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                occurrence of an event of default or the non performance, nonobservance,
                default, breach or failure to timely perform, observe or execute
                in every
                particular the covenants, agreements, promises, obligations, warranties
                and conditions set out in the this Note or the Purchase Agreement;
                </font></div>
            </td>
          </tr>

      </table>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">d.&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                the Maker shall admit in writing its inability to pay its debts as
                such
                debts become due; </font></div>
            </td>
          </tr>

      </table>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">e.&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                the Maker shall make a general assignment for the benefit of creditors;
                </font></div>
            </td>
          </tr>

      </table>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">f.&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                the Maker shall commence a voluntary case under the Federal Bankruptcy
                Code (as now or hereafter in effect); </font></div>
            </td>
          </tr>

      </table>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">g.&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                the Maker shall file a petition seeking to take advantage of any
                other law
                relating to bankruptcy, insolvency, or adjustment of debts;
                </font></div>
            </td>
          </tr>

      </table>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">h.&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                there shall have been instituted against the Maker any bankruptcy,
                reorganization, arrangement, insolvency or liquidation proceedings,
                or
                other proceedings for relief under the Federal Bankruptcy Code or
                any
                other law relating to bankruptcy, insolvency or adjustment of debts,
                which
                are not dismissed within sixty (60) days after such institution;
                or
                </font></div>
            </td>
          </tr>

      </table>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td align="right" style="width: 108pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">i.&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                the Maker shall take any action for the purposes of effecting any
                of the
                foregoing; </font></div>
            </td>
          </tr>

      </table>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">then,
        and
        in any such event, the Holder may at any time (unless all defaults shall
        theretofore have been remedied) at its option, declare this Note to be due
        and
        payable, whereupon this Note shall forthwith mature and become due and payable,
        together with interest accrued thereon, without presentment, demand, protest
        or
        notice, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">all
        of
        which are hereby waived.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>No
        Waiver; Rights and Remedies Cumulative</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        No
        failure on the part of the holder of this Note to exercise, and no delay
        in
        exercising any right hereunder shall operate as a waiver thereof; nor shall
        any
        single or partial exercise by the holder of this Note of any right hereunder
        preclude any other or further exercise thereof or the exercise of any other
        right. The rights and remedies herein provided are cumulative and not exclusive
        of any remedies or rights provided by law or by any other agreement between
        the
        Maker and the Holder.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Costs
        and Expenses</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Maker shall reimburse the holder of this Note for all costs and expenses
        incurred by it, and shall pay the reasonable fees and disbursements of counsel
        to the holder of this Note, in connection with the enforcement of the holder's
        rights hereunder, whether or not legal proceedings are initiated.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Amendments</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        No
        amendment, modification or waiver of any provision of this Note nor consent
        to
        any departure by the Maker therefrom shall be effective unless the same shall
        be
        in writing and signed by the holder of this Note and then such waiver or
        consent
        shall be effective only in the specific instance and for the specific purpose
        for which given.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Governing
        Law; Jurisdiction and Service of Process</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        This
        Note shall be governed by and construed in accordance with the laws of the
        State
        of Georgia, without giving effect to conflict of laws. The Maker hereby
        irrevocably consents to the jurisdiction of the courts of the State of Georgia
        and of any federal court located in such State in connection with any action
        or
        proceeding arising out of or relating to this Note, any document or instrument
        delivered pursuant to, in connection with, or simultaneously with, this Note
        or
        a breach of this Note or any such document or instrument. In any such action
        or
        proceeding, the Maker waives personal service of any summons, complaint,
        or
        other process and agrees that service thereof may be made in accordance with
        Section 8 of this Note. Within 30 days after such service, or such other
        time as
        may be mutually agreed upon in writing by the attorneys for the parties to
        such
        action or proceeding, the Maker shall appear or answer such summons, complaint,
        or other process. Should the Maker so served fail to appear or answer within
        such 30-day period or such extended period, as the case may be, the Maker
        shall
        be deemed in default and judgment may be entered by the Holder against the
        Maker
        as demanded in any summons, complaint, or other process so served. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Successors
        and Assigns</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        This
        Note shall be binding upon the Maker and its successors and permitted assigns
        and the terms hereof shall inure to the benefit of the Holder and its successors
        and assigns, including subsequent holders hereof.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Notice</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        Any
        notice or other communication required or permitted to be given hereunder
        shall
        be in writing and shall be deemed to have been received: (a) upon hand delivery
        (receipt acknowledged) or delivery by telecopy or facsimile (with transmission
        confirmation report) if delivered on a business day during normal business
        hours
        where such notice is to be received, or the first business day following
        such
        delivery if delivered other than on a business day during normal business
        hours
        where such notice is to be received; or (b) on the second business day following
        the date of mailing by express courier service, fully prepaid, addressed
        to such
        address, or upon actual receipt of such mailing, whichever first shall occur,
        to
        the address set forth above or to such other address as the party shall have
        furnished in writing in accordance with the provisions of this Section 8
        except
        that such change shall not be effective until actual receipt thereof.
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Severability</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        provisions of this Note are severable, and if any provision shall be held
        invalid or unen-forceable in whole or in part in any jurisdiction, then such
        invalidity or unenforceability shall not in any manner affect such provision
        in
        any other jurisdiction or any other provision of this Note in any
        jurisdiction.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Waiver
        of Notice</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Maker hereby waives presentment, demand for payment, protest, notice of protest
        and all other demands or notices in connection with the delivery, acceptance,
        performance, default or enforcement of this Note.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Set-off,
        Counterclaim</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        In the
        event the holder hereof seeks to enforce its rights under this Note, the
        Maker
        waives the right to interpose any set-off or counterclaim of any nature or
        description against the holder.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">12.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Headings</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        headings in this Note are solely for the convenience of reference and shall
        be
        given no effect in the construction or interpretation of this
        Note.</font><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IN
        WITNESSETH WHEREOF, the undersigned has duly executed this Note, as of the
        31</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>st</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        day of
        March, 2007, and delivered to Integrated Media Holdings, Inc.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="90%">

              <tr>
                <td align="left" valign="top" width="25%">&#160;</td>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="right" valign="bottom" width="7%">&#160;</td>
                <td align="left" valign="top" width="35%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ULTRA
                    GLOBAL INVESTMENT LLC</strong></font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="25%">&#160;</td>
                <td valign="top" width="7%">&#160;</td>
                <td align="right" valign="bottom" width="7%">&#160;</td>
                <td valign="top" width="35%">&#160;</td>
              </tr>
              <tr>
                <td valign="top" width="25%">&#160;</td>
                <td valign="top" width="7%">&#160;</td>
                <td align="right" valign="bottom" width="7%">&#160;</td>
                <td valign="top" width="35%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="25%">&#160;</td>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="right" valign="bottom" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
                </td>
                <td align="left" valign="top" width="35%">&#160;_________________________</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="25%">&#160;</td>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="right" valign="bottom" width="7%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
                </td>
                <td align="left" valign="top" width="35%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                    ________________________</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="25%">&#160;</td>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="right" valign="bottom" width="7%">&#160;</td>
                <td align="left" valign="top" width="35%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                    _________________________</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="25%">&#160;</td>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="right" valign="bottom" width="7%">&#160;</td>
                <td align="left" valign="top" width="35%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="25%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[CORPORATE
                    SEAL]</font></div>
                </td>
                <td align="left" valign="top" width="7%">&#160;</td>
                <td align="right" valign="bottom" width="7%">&#160;</td>
                <td align="left" valign="top" width="35%">&#160;</td>
              </tr>
              <tr>
                <td align="justify" valign="top" width="25%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                </td>
                <td align="justify" valign="top" width="7%">&#160;</td>
                <td align="right" valign="bottom" width="7%">&#160;</td>
                <td align="left" valign="top" width="35%">&#160;</td>
              </tr>

          </table>
        </div>
      </div>
    </div>
  </body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "form8k.htm", "description": "FORM 8K INTEGRATED MEDIA HOLDINGS, INC.", "secsgml_size_bytes": 144827}]
{"company-data": {"conformed-name": "Integrated Media Holdings, Inc.", "cik": "0001084507", "assigned-sic": "4899", "irs-number": "760600966", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-16381", "film-number": "07870207"}, "business-address": {"street1": "10 GLENLAKE PARKWAY, SUITE 130", "city": "ATLANTA", "state": "2Q", "zip": "30328", "phone": "678-222-3445"}, "mail-address": {"street1": "10 GLENLAKE PARKWAY, SUITE 130", "city": "ATLANTA", "state": "2Q", "zip": "30328"}, "former-company": [{"former-conformed-name": "Endavo Media & Communications, Inc.", "date-changed": "20040924"}, {"former-conformed-name": "CERISTAR INC", "date-changed": "20021015"}, {"former-conformed-name": "PLANET RESOURCES INC /DE/", "date-changed": "19990915"}]}
Form 8K Integrated Media Holdings, Inc.
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
FORM
        8-K
CURRENT
        REPORT
PURSUANT
        TO SECTION 13 OR 15 (D)
of
        the
SECURITIES
        EXCHANGE ACT OF 1934
Date
        of Report (Date of Earliest Event Reported)
April
        11, 2007
INTEGRATED
        MEDIA HOLDINGS, INC.
(Exact
        name of registrant as specified in its charter)
DELAWARE
(State
        or
        other jurisdiction of incorporation or organization)
33-119586
76-0600966
(Commission
                  File Number)
(IRS
                  Employer Identification Number)
Paul
        D. Hamm
President
Integrated
        Media Holdings, Inc
.
10
        Glenlake Parkway, Suite 130
Atlanta,
        GA 30328
(Address
        of principal executive offices)
(678)
        222-3445
(Registrant's
        telephone number, including area code)
Item
        1.01 Entry into a Material Definitive Agreement.
On
        April
        1, 2007, the board of directors recommended and majority shareholders approved
        by consent the sale of WV Fiber Inc. to Ultra Global Investments, LLC, a
        company
        formed by Peter Marcum and Harish Shah for the purpose of completing this
        purchase. We signed a Securities Purchase Agreement with Ultra Global on
        April
        11, 2007. The purchase price for this transaction was as follows: (a) $200,000,
        payable in equal installments of $50,000 each, with the first such installment
        being due on April 11, 2007, and subsequent installments due pursuant to
        a
        Promissory Note, which was issued and delivered to us on the Closing Date;
        (b)
        assumption and payment of all indebtedness due from the Company to HT
        Investments, LLC, in the principal amount of $1,046,822; (c) assumption of
        the
        indebtedness owed by the us to certain creditors in the total amount of
        $1,464,484 , as set forth in more detail in a schedule attached to the purchase
        agreement; (e) assumption by the Buyer of indebtedness in the amount of $87,500
        owed by the Seller to M & A Partners, Inc., dated October 26, 2006; and (f)
        surrender to the Seller for cancellation of Seller's capital stock or employee
        options or warrants exercisable for common stock equivalent, in the aggregate,
        to approximately 4,000,000 shares of common stock (assuming conversion of
        any
        preferred shares included within the capital stock so surrendered), provided,
        however, that this clause shall be satisfied if Buyer surrenders or causes
        surrender of such stock, options and warrants equivalent to at least 3,600,000
        shares of common stock; and (g) surrender to the Seller for cancellation
        of an
        additional 402,607 shares of Seller's preferred stock, convertible into
        approximately 3,900,000 shares of common stock.
Item
        8.01. Other Events
The
        Company filed a preliminary Information Statement on form PRE14C on April
        16,
        2007 and mailed a copy of the preliminary Information Statement to our
        shareholders around April 27, 2007. This preliminary Information Statement
        did
        not satisfy the requirement of Rule 14c-5(b) of the Exchange Act and therefore
        it should be disregarded. The Company intends to mail a definitive Information
        Statement regarding the closing of the transaction described above that will
        satisfy the requirement of Rule 14c-5(b) of the Exchange Act upon the filing
        of
        the final Information Statement with the SEC on form DEF14C.
SIGNATURE
Pursuant
        to the requirements of the Securities Exchange Act of 1934, the registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.
INTEGRATED
                  MEDIA HOLDINGS, INC.
Date: May
                  22, 2007
By:
/s/ Paul
                  D Hamm
Title:
                  President
EXHIBIT
        A
STOCK
        PURCHASE AGREEMENT
This
        Stock Purchase Agreement ("Agreement") is made as of March 31, 2007, by Ultra
        Global Investment, LLC, a Tennessee limited liability company ("Buyer") and
        Integrated Media Holdings, Inc., a Delaware corporation (the
"Seller").
RECITALS
Seller
        desires to sell, and Buyer desires to purchase, all of the outstanding capital
        stock (the "Shares") in WV Fiber, Inc. (formerly known as Louros Networks,
        Inc.), a Delaware corporation (the "Company"), for the consideration and on the
        terms set forth in this Agreement.
AGREEMENT
The
        parties, intending to be legally bound, agree as follows:
1
.
SALE
        AND TRANSFER OF SHARES; CLOSING
1.
1
SALE
        AND
        PURCHASE
Subject
        to the terms
        and conditions of this Agreement, at the Closing, Seller will sell and transfer
        the Shares to Buyer, Buyer will purchase the Shares from Seller.
1.
2
PURCHASE
        PRICE
The
        purchase price
        for the Shares (the "Purchase Price") will be the following: (a) $200,000,
        payable in equal installments of $50,000 each, with the first such installment
        being due on April 10, 2007 (the "Closing Date"), and subsequent installments
        due pursuant to a Promissory Note (the "Note"), which will be issued and
        delivered to the Seller on the Closing Date; (b) assumption and payment of
        all
        indebtedness due from the Company to HT Investments, LLC, in the principal
        amount of $1,046,822; (c) assumption of the indebtedness owed by the Seller
        to
        the creditors and in the amounts set forth on
Schedule
        1.2(a)
attached
        hereto; (d) forgiveness of indebtedness of the Seller owed to the creditors
        and
        in the amounts set forth on
Schedule
        1.2(b)
attached
        hereto; (e) assumption by the Buyer of indebtedness in the amount of $87,500
        owed by the Seller to M & A Partners, Inc., dated October 26, 2006; and (f)
        surrender to the Seller for cancellation of Seller's capital stock or vested
        employee options or warrants exercisable for common stock equivalent, in
        the
        aggregate, to 4,000,000 shares of common stock (assuming conversion of any
        preferred shares included within the capital stock so surrendered), provided,
        however, that this clause shall be satisfied if Buyer surrenders or causes
        surrender of such stock, vested options and warrants equivalent to at least
        3,600,000 shares of common stock; and (g) surrender to the Seller for
        cancellation of an additional 402,607 shares of Seller's preferred stock,
        convertible into approximately 3,900,000 shares of common stock. The cash
        portion of the Purchase Price shall be payable as provided in clause (a)
        of this
        Section 1.2. The debt assumptions comprising a portion of the Purchase Price
        pursuant to clauses (c) and (e) herein shall be evidenced by delivery to
        Seller,
        at closing, an executed assumption agreement. The debt forgiven compromising
        a
        portion of the Purchase Price pursuant to clause (d) shall be evidenced by
        delivery to Seller, at closing, of original notes evidencing forgiven debt,
        marked "paid in full", "cancelled", or words of like import. The stock to be
        surrendered for cancellation compromising a portion of the Purchase Price
        pursuant to clause (f) shall be made by delivery to Seller, within 45 days
        following the Closing, of certificates representing such shares, each of
        which
        shall be duly endorsed for transfer or accompanied by duly executed stock
        powers.
1.
3
CLOSING
The
        purchase and sale (the "Closing") provided for in this Agreement will take
        place
        at the offices of Buyer's counsel at 1222 16th Avenue South, Nashville,
        Tennessee, at 4:00 p.m. (local time) on the Closing Date, or at such other
        place
        as the parties may agree.
1.4
SERVICE
        AGREEMENT
At
        the
        Closing, Endavo Media and Communications, Inc. ("Endavo"), a subsidiary of the
        Seller, and the Company shall execute a Service Contract substantially in
        the
        form of Exhibit 1.4 hereto (the "Service Contract") for the provision by the
        Company to Endavo of bandwidth, on the terms set forth on Exhibit 1.4 hereto.
1.5
CLOSING
        OBLIGATIONS
At
        the
        Closing:
(
a
)
Seller
        will deliver to Buyer (i) an Assignment and Stock Power, duly executed by
        Seller, assigning to Buyer all of the Shares, (ii) a resignation as officer,
        director and any similar office, and as an employee of the Company, executed
        by
        Paul Hamm, and (iii) the Service Contract, executed by Endavo; and
(
b
)
Buyer
        will deliver to Seller (i) the initial $50,000 installment of the Purchase
        Price, (ii) Promissory Note for $150,000, (iii) evidence of the Buyer's
        assumption of the debt referred to in clauses (b), (c), (d) and (e) of Section
        1.2; (iv) a resignation as officer, director and any similar office, and
        as an
        employee of the Seller and/or its subsidiaries, executed by Peter Marcum
        and
        Harish Shah; (v) the Service Contract, executed by the Company; (vi) preferred
        stock referred to in clause (g) of Section 1.2: and (vii) surrendered shares
        referred to in clause (f) of Section 1.2, within 45 days of the Closing
        Date.
2.
REPRESENTATIONS,
        WARRANTIES AND COVENANTS OF SELLER
Seller
        represents and warrants to Buyer as follows:
2.
1
ORGANIZATION
        AND GOOD STANDING
Each
        of
        Seller and the Company is a corporation, duly organized, validly existing,
        and
        in good standing under the laws of the State of Delaware, with full power
        and
        authority to conduct its business as it is now being conducted, to own or
        use
        the properties and assets that it purports to own or use, and to perform
        all its
        obligations under all contracts to which it is a party.
2.
2
AUTHORITY;
        NO CONFLICT
This
        Agreement has been duly authorized by all necessary corporate action on the
        part
        of Seller and constitutes the legal, valid, and binding obligation of Seller,
        enforceable against Seller in accordance with its terms. Seller has the absolute
        and unrestricted right, power, authority, and capacity to execute and deliver
        this Agreement and to perform its obligations hereunder.
2.
3
CAPITALIZATION
The
        Seller owns all of the outstanding stock of the Company, free and clear of
        all
        encumbrances other than a pledge in favor of HT Investments, LLC. All of
        the
        outstanding shares of stock of the Company have been duly authorized and
        validly
        issued and are fully paid and nonassessable. Other than such pledge, there
        are
        no contracts relating to the issuance, sale, or transfer of any stock or
        other
        securities of Seller.
2.4
COMPANY
The
        Company has defaulted in payment of the indebtedness owed to HT Investments,
        LLC, which is secured by substantially all assets of the Company and guaranteed
        by the Seller. The Seller is aware that management of the Company has been
        aggressively marketing the services of the Company, and that such management
        believes it has secured sufficient new business and future prospects to operate
        profitably, is attempting to arrange financing to provide new equipment to
        provide enhanced and expanded services to the Company's customers, and that the
        Company can operate profitably in the future. Except for the foregoing, the
        Seller makes no representations or warranties regarding the results of
        operations, financial condition, or prospects of the Company.
2.5
DISCLOSURE
The
        representations, warranties and statements of the Seller in this Agreement,
        in
        any schedule or in any certificate or other document delivered by Seller
        to
        Buyer pursuant to this Agreement are complete, current and accurate and do
        not
        omit and will not omit to state any material fact necessary to make each
        representation, warranty or statement accurate and not misleading in any
        material respect. The Seller has received from the Company or the Buyer all
        information and documents regarding the Company that the Seller has requested
        in
        connection with the execution of this Agreement.
2.6
RELEASE
Effective
        upon the Closing, Seller, on behalf of itself, and each of its affiliates,
        and
        each of their predecessors, successors and assigns, acknowledges full and
        complete satisfaction of, and hereby irrevocably, unconditionally, forever
        and
        finally, releases and fully discharges each of the Company and the Buyer,
        and
        their respective affiliates, shareholders, owners, officers, directors,
        employees, agents, attorneys, representatives, predecessors, successors and
        assigns (the "Buyer Released Parties") from, any and all claims, demands,
        actions, causes of action, promises, covenants, contracts, agreements, bonds,
        obligations, liabilities, losses, damages, costs, expenses, and moneys otherwise
        accrued, due or unpaid, of whatever character, nature or kind, knows or unknown,
        whether in law or in equity, in contract or in tort, under any statute or
        at
        common law, fixed or contingent, against the Buyer Released Parties, other
        than
        (a) agreements and obligations of the Buyer set forth in this Agreement and
        in
        the promissory note evidencing the deferred cash portion of the Purchase
        Price,
        and (b) agreements and obligations of the Company under the Service Contract.
        Any Buyer Released Parties who are not parties to this Agreement shall be
        third-party beneficiaries of this Section 2.6.
3.
REPRESENTATIONS,
        WARRANTIES AND COVENANTS OF BUYER
Buyer
        represents and warrants to Seller as follows:
3.
1
ORGANIZATION
        AND GOOD STANDING
Buyer
        is
        a limited liability company duly organized, validly existing, and in good
        standing under the laws of the State of Tennessee.
3.
2
AUTHORITY;
        NO CONFLICT
This
        Agreement has been duly authorized by all necessary corporate action on the
        part
        of Buyer and constitutes the legal, valid, and binding obligation of Buyer,
        enforceable against Buyer in accordance with its terms. Buyer has the absolute
        and unrestricted right, power, and authority to execute and deliver this
        Agreement and to perform its obligations under this Agreement.
3.
3
INVESTMENT
        INTENT
Buyer
        is
        acquiring the Shares for its own account and not with a view to their
        distribution within the meaning of Section 2(11) of the Securities
        Act.
3.4
COMPANY
The
        Buyer
        is aware that the Company and its predecessor have operated at significant
        losses and cash flow deficits, that the indebtedness to be assumed by the
        Buyer
        pursuant to this Agreement is in default, and that the Buyer shall bear the
        sole
        risk of profitable operation of the Company and restructuring and/or repayment
        of the indebtedness assumed hereunder. The Buyer has not relied on any
        representations or warranties by the Seller regarding the financial condition,
        results of operations, or prospects of the Company.
3.5
FULL
        DISCLOSURE
The
        representations, warranties and statements of the Buyer in this Agreement,
        in
        any schedule or in any certificate or other document delivered by Buyer to
        Seller pursuant to this Agreement are complete, current and accurate and
        do not
        omit and will not omit to state any material fact necessary to make each
        representation, warranty or statement accurate and not misleading in any
        material respect. The Buyer has delivered to Seller such documents and
        information regarding the Company as the Seller has requested in connection
        with
        the execution of this Agreement.
3.6
RELEASE
Effective
        upon the Closing, Buyer, on behalf of itself, and each of its affiliates,
        and
        each of their predecessors, successors and assigns, acknowledges full and
        complete satisfaction of, and hereby irrevocably, unconditionally, forever
        and
        finally, releases and fully discharges each of the Seller, and its affiliates,
        shareholders, owners, officers, directors, employees, agents, attorneys,
        representatives, predecessors, successors and assigns (the "Seller Released
        Parties") from, any and all claims, demands, actions, causes of action,
        promises, covenants, contracts, agreements, bonds, obligations, liabilities,
        losses, damages, costs, expenses, and moneys otherwise accrued, due or unpaid,
        of whatever character, nature or kind, knows or unknown, whether in law or
        in
        equity, in contract or in tort, under any statute or at common law, fixed
        or
        contingent, against the Seller Released Parties, other than (a) agreements
        and
        obligations of the Seller set forth in this Agreement, and (b) agreements
        and
        obligations of the Buyer's affiliate(s) under the Service Contract. Any Seller
        Released Parties who are not parties to this Agreement shall be third-party
        beneficiaries of this Section 3.6.
4.
BREACH
In
        the
        event either party should fail to perform any of its obligations hereunder,
        the
        other party shall be entitled to bring suit in any court of competent
        jurisdiction for specific performance and to recover such monetary damages
        as
        the non-breaching party shall be entitled to recover.
In
        the
        event the Buyer fails to pay the full Purchase Price in the manner described
        in
        section 1.2 herein and such non-payment continues beyond the fifth
        (5
th
)
        day
        following the date when the same becomes due and payable, the Seller shall
        be
        entitled to accelerate the full payment of unpaid principal and applicable
        default interest on the Promissory Note, issued to Seller pursuant to section
        1.2(a) herein, as an Event of Default.
5.
GENERAL
        PROVISIONS
5.
1
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,
        execution, and performance of this Agreement and the transactions contemplated
        hereby, including all fees and expenses of agents, representatives, counsel,
        and
        accountants.
5.
2
PUBLIC
        ANNOUNCEMENTS
Any
        public announcement or similar publicity with respect to this Agreement or
        the
        transactions contemplated hereby will be issued, if at all, at such time
        and in
        such manner as Seller and Buyer agree.
5.
3
NOTICES
All
        notices, consents, waivers, and other communications under this Agreement
        must
        be in writing and will be deemed to have been duly given when (a) delivered
        by
        hand (with written confirmation of receipt), (b) sent by telecopier (with
        written confirmation of receipt), provided that a copy is mailed by registered
        mail, return receipt requested, or (c) when received by the addressee, if
        sent
        by a nationally recognized overnight delivery service (receipt requested),
        in
        each case to the appropriate addresses and telecopier numbers set forth below
        (or to such other addresses and telecopier numbers as a party may designate
        by
        notice to the other parties):
Seller:
Integrated
        Media Holdings, Inc.
Attention:
        Paul D. Hamm
10
        Glenlake Parkway, Suite 130
Atlanta,
        GA 30328
Facsimile
        No.: 678-623-5026
Buyer:
c/o
        Wilhagan Ventures, LLC
315
        Wilhagan Street
Nashville,
        TN 37217
Attention:
        Peter C. Marcum
Facsimile
        No.: 615-385-5870
5.4
FURTHER
        ASSURANCES
The
        parties agree (a) to furnish upon request to each other such further
        information, (b) to execute and deliver to each other such other documents,
        and (c) to do such other acts and things, all as the other party may
        reasonably request for the purpose of carrying out the intent of this Agreement
        and the documents referred to in this Agreement.
5.5
ENTIRE
        AGREEMENT AND MODIFICATION
This
        Agreement supersedes all prior agreements between the parties with respect
        to
        its subject matter and constitutes (along with the documents referred to
        in this
        Agreement) a complete and exclusive statement of the terms of the agreement
        between the parties with respect to its subject matter. This Agreement may
        not
        be amended except by a written agreement executed by the party to be charged
        with the amendment.
5.6
ASSIGNMENTS,
        SUCCESSORS, AND NO THIRD-PARTY RIGHTS
Neither
        party may assign any of its rights under this Agreement without the prior
        consent of the other parties. Subject to the preceding sentence, this Agreement
        will apply to, be binding in all respects upon, and inure to the benefit
        of the
        successors and permitted assigns of the parties. Nothing expressed or referred
        to in this Agreement will be construed to give any Person other than the
        parties
        to this Agreement any legal or equitable right, remedy, or claim under or
        with
        respect to this Agreement or any provision of this Agreement. This Agreement
        and
        all of its provisions and conditions are for the sole and exclusive benefit
        of
        the parties to this Agreement and their successors and assigns, except as
        otherwise provided in Sections 2.6 and 3.6.
5.7
SEVERABILITY
If
        any
        provision of this Agreement is held invalid or unenforceable by any court
        of
        competent jurisdiction, the other provisions of this Agreement will remain
        in
        full force and effect. Any provision of this Agreement held invalid or
        unenforceable only in part or degree will remain in full force and effect
        to the
        extent not held invalid or unenforceable.
5.8
SECTION
        HEADINGS, CONSTRUCTION
The
        headings of Sections in this Agreement are provided for convenience only
        and
        will not affect its construction or interpretation. All references to "Section"
        or "Sections" refer to the corresponding Section or Sections of this Agreement.
        All words used in this Agreement will be construed to be of such gender or
        number as the circumstances require. Unless otherwise expressly provided,
        the
        word "including" does not limit the preceding words or terms.
5.9
TIME
        OF
        ESSENCE
With
        regard to all dates and time periods set forth or referred to in this Agreement,
        time is of the essence.
5.10
        COUNTERPARTS
This
        Agreement may be executed in one or more counterparts, each of which will
        be
        deemed to be an original copy of this Agreement and all of which, when taken
        together, will be deemed to constitute one and the same
        agreement.
IN
        WITNESS WHEREOF, the parties have executed and delivered this Agreement as
        of
        the date first written above.
Buyer:
Sellers:
ULTRA
                  GLOBAL INVESTMENT, LLC
INTEGRATED
                  MEDIA HOLDINGS, INC.
By:
/s/
Peter
                  Marcum
By:
/s/
Paul
                  Hamm
Peter
                  Marcum
Paul
                  D Hamm
Its:
                  President
Its:
                  President
SCHEDULE
          1.2(a)
Assumed
          Debt
Payee
Amount
M.
                    Gala
$445,500
G.
                    Shah
$110,000
M.
                    Shah
$55,625
J
                    & H Orlando
$54,062
V.
                    Shah
$20,000
H.
                    Desai
$5,672
H.
                    Shah
$10,000
Bidchaser
                    payroll
$90,000
H.
                    Shah
$126,500
SCHEDULE
        1.2(b)
Converted
        Debt
Payee
Amount
Marble
                  Arch
$109,000
Kalidas
$139,000
Jdip
                  Shah
$11,125
Vraj
$138,000
M.
                  Gala
$150,000
PROMISSORY
        NOTE
$150,000.00
March
        31,
        2007
FOR
        VALUE
        RECEIVED, the undersigned, ULTRA GLOBAL INVESTMENT LLC, a Tennessee limited
        liability corporation (the "Maker"), with offices at 315 Wilhagan Road,
        Nashville, TN 37217, unconditionally promises to pay to the order of INTEGRATED
        MEDIA HOLDINGS INC, an Delaware corporation (the "Holder") with main office at
        10 Glenlake Parkway Suite 130, Atlanta, GA 30328, the principal sum of ONE
        HUNDRED FIFTY THOUSAND DOLLARS ($150,000), without interest except as specified
        herein, payable in three payments of FIFTY THOUSAND DOLLARS ($50,000) as
        defined
        herein.
Whereas,
        this Note and the amount of principal indebtedness described herein has been
        issued to the Holder as partial payment to Holder by Maker pursuant to a
        certain
        Stock Purchase Agreement between the Maker and the Holder, dated April 6,
        2007
        ("Purchase Agreement").
1.
Payments
.
        The
        Principal amount of this Note shall be payable in three installments as follows:
        $50,000 on April 12, 2007; $50,000.00 on May 12, 2007; and $50,000.00 on
        May 27,
        2007. The Maker shall have the right to prepay this Note in whole at any
        time or
        in part from time to time. All payments by the Maker on account of principal,
        premium, interest or fees hereunder shall be made in money of the United
        States
        of America that at the time of payment is legal tender, by wire transfer
        of
        immediately available funds. In the event that (a) each of the three specified
        payments have been timely made on the dates indicated above, (b) the aggregate
        amount of $150,000 plus any applicable default interest has been paid by
        May 27,
        2007, or such earlier date if the Maker should choose to prepay, and (c)
        no
        event of default, as described herein, has occurred prior to the completion
        of
        the three payments specified above, then, in such event, this Note shall
        be
        deemed paid in full and no further obligations will be due. A payment shall
        be
        considered timely if, and only if, it is made by wire transfer on or before
        the
        fifth (5
th
)
        day
        following the required payment date to the Holder's account as follows, unless
        other instructions have been made in writing by the Holder in advance of
        payment
        date:
Bank:
SunTrust
                  Bank NA
3020
                  Peachtree Road NW
Atlanta,
                  GA 30305
ABA:
061000104
SWIFT:
SNTRUS3A
Account
                  Name:
Integrated
                  Media Holdings, Inc.
Account
                  No:
1000038608161
Contact:
Meredith
                  Given, (404) 365-3711
Without
        limiting any of the rights of the Holder of this Note, if any Event of Default
        shall occur while any amount of this Note remains unpaid and outstanding,
        then
        the entire unpaid balance of this Note shall become due and payable immediately
        on the date such default occurred and interest shall begin immediately accruing
        on such date and shall be payable on the total amount due and payable at
        a rate
        equal to eighteen percent (18%) per annum (computed on the basis of a 365-day
        year) until full payment of this Note is received by the Holder as described
        herein. Notwithstanding the foregoing, no interest shall accrue or be payable
        hereunder at a rate in excess of the maximum rate permitted by applicable
        Georgia law.
2.
Events
        of Default
.
        This
        Note shall be in default upon the occurrence of any of the following
        events:
a.
If
                the Maker shall default in any of the payments of principal of this
                Note
                and such default continues beyond the fifth (5
th
)
                day following the date when the same becomes due and payable as described
                in section 1 above (Non-Payment Default);
b.
If
                any warranty, covenant, representation, agreement or statement made,
                furnished or contained in this Note or the Purchase Agreement be
                untrue or
                misleading in any material respect on the date when made;
c.
The
                occurrence of an event of default or the non performance, nonobservance,
                default, breach or failure to timely perform, observe or execute
                in every
                particular the covenants, agreements, promises, obligations, warranties
                and conditions set out in the this Note or the Purchase Agreement;
d.
If
                the Maker shall admit in writing its inability to pay its debts as
                such
                debts become due;
e.
If
                the Maker shall make a general assignment for the benefit of creditors;
f.
If
                the Maker shall commence a voluntary case under the Federal Bankruptcy
                Code (as now or hereafter in effect);
g.
If
                the Maker shall file a petition seeking to take advantage of any
                other law
                relating to bankruptcy, insolvency, or adjustment of debts;
h.
If
                there shall have been instituted against the Maker any bankruptcy,
                reorganization, arrangement, insolvency or liquidation proceedings,
                or
                other proceedings for relief under the Federal Bankruptcy Code or
                any
                other law relating to bankruptcy, insolvency or adjustment of debts,
                which
                are not dismissed within sixty (60) days after such institution;
                or
i.
If
                the Maker shall take any action for the purposes of effecting any
                of the
                foregoing;
then,
        and
        in any such event, the Holder may at any time (unless all defaults shall
        theretofore have been remedied) at its option, declare this Note to be due
        and
        payable, whereupon this Note shall forthwith mature and become due and payable,
        together with interest accrued thereon, without presentment, demand, protest
        or
        notice,
all
        of
        which are hereby waived.
3.
No
        Waiver; Rights and Remedies Cumulative
.
        No
        failure on the part of the holder of this Note to exercise, and no delay
        in
        exercising any right hereunder shall operate as a waiver thereof; nor shall
        any
        single or partial exercise by the holder of this Note of any right hereunder
        preclude any other or further exercise thereof or the exercise of any other
        right. The rights and remedies herein provided are cumulative and not exclusive
        of any remedies or rights provided by law or by any other agreement between
        the
        Maker and the Holder.
4.
Costs
        and Expenses
.
        The
        Maker shall reimburse the holder of this Note for all costs and expenses
        incurred by it, and shall pay the reasonable fees and disbursements of counsel
        to the holder of this Note, in connection with the enforcement of the holder's
        rights hereunder, whether or not legal proceedings are initiated.
5.
Amendments
.
        No
        amendment, modification or waiver of any provision of this Note nor consent
        to
        any departure by the Maker therefrom shall be effective unless the same shall
        be
        in writing and signed by the holder of this Note and then such waiver or
        consent
        shall be effective only in the specific instance and for the specific purpose
        for which given.
6.
Governing
        Law; Jurisdiction and Service of Process
.
        This
        Note shall be governed by and construed in accordance with the laws of the
        State
        of Georgia, without giving effect to conflict of laws. The Maker hereby
        irrevocably consents to the jurisdiction of the courts of the State of Georgia
        and of any federal court located in such State in connection with any action
        or
        proceeding arising out of or relating to this Note, any document or instrument
        delivered pursuant to, in connection with, or simultaneously with, this Note
        or
        a breach of this Note or any such document or instrument. In any such action
        or
        proceeding, the Maker waives personal service of any summons, complaint,
        or
        other process and agrees that service thereof may be made in accordance with
        Section 8 of this Note. Within 30 days after such service, or such other
        time as
        may be mutually agreed upon in writing by the attorneys for the parties to
        such
        action or proceeding, the Maker shall appear or answer such summons, complaint,
        or other process. Should the Maker so served fail to appear or answer within
        such 30-day period or such extended period, as the case may be, the Maker
        shall
        be deemed in default and judgment may be entered by the Holder against the
        Maker
        as demanded in any summons, complaint, or other process so served.
7.
Successors
        and Assigns
.
        This
        Note shall be binding upon the Maker and its successors and permitted assigns
        and the terms hereof shall inure to the benefit of the Holder and its successors
        and assigns, including subsequent holders hereof.
8.
Notice
.
        Any
        notice or other communication required or permitted to be given hereunder
        shall
        be in writing and shall be deemed to have been received: (a) upon hand delivery
        (receipt acknowledged) or delivery by telecopy or facsimile (with transmission
        confirmation report) if delivered on a business day during normal business
        hours
        where such notice is to be received, or the first business day following
        such
        delivery if delivered other than on a business day during normal business
        hours
        where such notice is to be received; or (b) on the second business day following
        the date of mailing by express courier service, fully prepaid, addressed
        to such
        address, or upon actual receipt of such mailing, whichever first shall occur,
        to
        the address set forth above or to such other address as the party shall have
        furnished in writing in accordance with the provisions of this Section 8
        except
        that such change shall not be effective until actual receipt thereof.
9.
Severability
.
        The
        provisions of this Note are severable, and if any provision shall be held
        invalid or unen-forceable in whole or in part in any jurisdiction, then such
        invalidity or unenforceability shall not in any manner affect such provision
        in
        any other jurisdiction or any other provision of this Note in any
        jurisdiction.
10.
Waiver
        of Notice
.
        The
        Maker hereby waives presentment, demand for payment, protest, notice of protest
        and all other demands or notices in connection with the delivery, acceptance,
        performance, default or enforcement of this Note.
11.
Set-off,
        Counterclaim
.
        In the
        event the holder hereof seeks to enforce its rights under this Note, the
        Maker
        waives the right to interpose any set-off or counterclaim of any nature or
        description against the holder.
12.
Headings
.
        The
        headings in this Note are solely for the convenience of reference and shall
        be
        given no effect in the construction or interpretation of this
        Note.
IN
        WITNESSETH WHEREOF, the undersigned has duly executed this Note, as of the
        31
st
day of
        March, 2007, and delivered to Integrated Media Holdings, Inc.
ULTRA
                    GLOBAL INVESTMENT LLC
By:
_________________________
Name:
                    ________________________
Title:
                    _________________________
[CORPORATE
                    SEAL]