EXHIBIT 10.81

                          ACTIVECORE TECHNOLOGIES INC.

Term Sheet re:  Sale of Restricted Shares

Date: July 27, 2004

Buyer: Joseph Ulman & Corvette Masters Inc.

Vendor:  IVP Technology Corporation - Shares from treasury

Shares: A maximum of 4,000,000  restricted  shares at a price equal to $0.015 on
July 27, 2004. These will be purchased for the value of 60,000.00 USD.

Warrants:  One warrant to purchase one share of IVP Technology  Corporation  for
each share  purchased on July 27, 2004 which must be exercised  before  November
30,  2005.  The price of the warrant  shall be set at 1.2 times the price of the
purchased shares i.e. $0.018 cents.

Share  Registration:  The  purchased  shares (a  maximum of  4,000,000)  will be
registered  with the  next  company  registration  document.  This  registration
document is planned for September or October of 2004. The shares  resulting from
the exercise of the warrants will be  unregistered  and the company will include
these  shares in the earliest  registration  document  that the Company  submits
after the purchase date of these shares.

For ActiveCore:

/s/ P. Hamilton                            Date        /s/ July 27, 2004
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For Joe Ulman:

/s/ J. Ulman                               Date        /s/ July 27, 2004
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For Corvette Masters:

/s/ Joe Ulman                              Date        /s/ July 27, 2004
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Witnessed by:

/s/ illegible                              Date        /s/ July 27, 2004
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