MERGER AGREEMENT

                                MERGER AGREEMENT


                                  by and among

                       Seaway Valley Capital Corporation,

                        Seaway Valley Acquisition Corp.,

                                       and


                              WiseBuys Stores, Inc.




                          Dated as of October 23, 2007


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                                MERGER AGREEMENT


     Merger  Agreement  (the  "Agreement")  dated as of October  23, 2007 by and
among Seaway Valley Capital Corporation,  a corporation formed under the laws of
the State of Delaware  ("SVCC"),  Seaway Valley Acquisition Corp., a corporation
newly  formed  under  the laws of the  State  of  Delaware  and a  wholly  owned
subsidiary of SVCC (the "Merger Sub"), and WiseBuys Stores,  Inc., a corporation
formed under the laws of the State of Delaware  ("WiseBuys").  Each of SVCC, the
Merger Sub, and WiseBuys is referred to herein individually as a "Party" and all
are referred to collectively as the "Parties."

     PREAMBLE

     WHEREAS,   WiseBuys  is  engaged  in  the  business  of  operating   retail
merchandise stores;

     WHEREAS,  SVCC and WiseBuys  have  determined  that a business  combination
between  them  is  advisable  and in the  best  interests  of  their  respective
companies and  stockholders  and presents an  opportunity  for their  respective
companies to achieve long-term strategic and financial benefits;

     WHEREAS,  SVCC  has  proposed  to  acquire  WiseBuys  pursuant  to a merger
transaction whereby, pursuant to the terms and subject to the conditions of this
Agreement,  WiseBuys shall become a wholly owned  subsidiary of SVCC through the
merger of WiseBuys with and into the Merger Sub (the "Merger"); and

     WHEREAS,  in the Merger, all issued and outstanding shares of capital stock
of WiseBuys shall be cancelled and converted into the right to receive shares of
Series C Convertible Shares (the "Merger Shares") in the ratios defined herein;

     NOW, THEREFORE,  in consideration of the premises and the mutual covenants,
representations  and warranties  contained herein, the Parties,  intending to be
legally bound, hereby agree as follows:

                               CERTAIN DEFINITIONS

     As used in this Agreement,  the following terms shall have the meanings set
forth below:

     "Applicable  Law" means any domestic or foreign law,  statute,  regulation,
rule, policy, guideline or ordinance applicable to the businesses of the Parties
or the Merger.

"DGCL" means Delaware General Corporation Law.

"Knowledge"  means, in the case of SVCC or WiseBuys,  a particular fact or other
matter  of which its Chief  Executive  Officer  or Chief  Financial  Officer  is
actually aware or which a prudent  individual  serving in such capacity could be
expected to discover or otherwise  become aware of in the course of conducting a
reasonable  review or  investigation  of the  corporation  and its  business and
affairs.

"Lien" means, with respect to any property or asset, any mortgage, lien, pledge,
charge,  security  interest,  claim,  encumbrance,  royalty interest,  any other
adverse  claim of any kind in respect of such  property  or asset,  or any other
restrictions or limitations of any nature whatsoever.

"Material  Adverse Effect" with respect to any entity or group of entities means
any event,  change or effect that has or would have a materially  adverse effect
on the financial condition,  business or results of operations of such entity or
group of entities, taken as a whole.

"Person" means any individual, corporation, partnership, trust or unincorporated
organization or a government or any agency or political subdivision thereof.

"Surviving  Entity" shall mean WiseBuys as the surviving entity in the Merger as
provided in Section 1.03.

"Tax" (and, with correlative meaning, "Taxes" and "Taxable") means:

     (i)  any income,  alternative  or add-on  minimum tax,  gross receipts tax,
          sales tax,  use tax, ad valorem  tax,  transfer  tax,  franchise  tax,
          profits tax, license tax,  withholding  tax,  payroll tax,  employment
          tax, excise tax,  severance tax, stamp tax,  occupation tax,  property
          tax,  environmental or windfall profit tax, custom, duty or other tax,
          impost,  levy,  governmental fee or other like assessment or charge of
          any  kind  whatsoever  together  with  any  interest  or any  penalty,
          addition to tax or additional  amount imposed with respect  thereto by
          any  governmental  or Tax authority  responsible for the imposition of
          any such tax (domestic or foreign), and

     (ii) any liability for the payment of any amounts of the type  described in
          clause  (i)  above as a result  of  being a member  of an  affiliated,
          consolidated, combined or unitary group for any Taxable period, and

     (iii) any liability for the payment of any amounts of the type described in
          clauses  (i) or (ii)  above  as a result  of any  express  or  implied
          obligation to indemnify any other person.

"Tax Return" means any return, declaration, form, claim for refund or
information return or statement relating to Taxes, including any schedule or
attachment thereto, and including any amendment thereof.

                                    ARTICLE I
                                   THE MERGER

SECTION 1.01      STRUCTURE

     Upon the terms and subject to the  conditions  set forth in this  Agreement
and in accordance with the DGCL, at the Effective Time (as hereinafter defined),
all WiseBuys  Shares (as  hereinafter  defined) shall be cancelled and converted
into the right to receive  the  Merger  Shares.  In  connection  therewith,  the
following terms shall apply:

     (a)  Exchange  Agent.  Robert  Brantl,  counsel  to SVCC,  shall act as the
          exchange  agent (the  "Exchange  Agent") for the purpose of exchanging
          WiseBuys  Shares for the Merger  Shares.  At or prior to the  Closing,
          SVCC shall deliver to the Exchange Agent the Merger Shares.

     (b)  Prior to the Closing Date, SVCC shall file with the Secretary of State
          of  Delaware a  Certificate  of  Designation  of Series C  Convertible
          Preferred  Stock  (the  "Series  C  Convertible  Shares")  in the form
          annexed hereto as Schedule 1.01(a).

     (c)  Conversion of Securities.

          (i)  Conversion  of WiseBuys  Securities.  At the  Effective  Time, by
               virtue of the Merger and  without any action on the part of SVCC,
               WiseBuys  or the  Merger  Sub,  or the  holders  of any of  their
               respective securities:

               (A)  All of the issued and outstanding shares of capital stock of
                    WiseBuys  (the  "WiseBuys  Shares")  shall be converted as a
                    result of the  Merger as  follows:  Each of the  issued  and
                    outstanding  shares of common stock of WiseBuys  immediately
                    prior to the  Effective  Time  shall be  converted  into and
                    represent  the right to receive,  and shall be  exchangeable
                    for,  one-eighth  (1/8) of a share of  Series C  Convertible
                    stock of SVCC, and each of the issued and outstanding shares
                    of Series A Preferred Stock of WiseBuys immediately prior to
                    the Effective Time shall be converted into and represent the
                    right to receive,  and shall be exchangeable for, one-fourth
                    (1/4) of a share of Series C Convertible stock of SVCC.

               (B)  All WiseBuys Shares shall no longer be outstanding and shall
                    automatically  be  canceled  and  retired and shall cease to
                    exist,  and each holder of a  certificate  representing  any
                    such  shares  shall  cease to have any rights  with  respect
                    thereto, except the right to receive the Merger Shares to be
                    issued  pursuant  to this  Section  1.01(c)(i)(A)  upon  the
                    surrender of such  certificate  in  accordance  with Section
                    1.07, without interest.  No fractional shares may be issued;
                    but each fractional  share that would result from the Merger
                    will be rounded to the nearest number of whole shares.

          (ii) Conversion of Merger Sub Stock.  At the Effective Time, by virtue
               of the Merger  and  without  any action on the part of  WiseBuys,
               SVCC,  the Merger Sub, or the holders of any of their  respective
               securities, each share of capital stock of Merger Sub outstanding
               immediately  prior to the Effective  Time shall be converted into
               one share of the  common  stock of the  Surviving  Entity and the
               shares of common stock of the Surviving  Entity so issued in such
               conversion  shall  constitute  the  only  outstanding  shares  of
               capital  stock of the Surviving  Entity and the Surviving  Entity
               shall be a wholly owned subsidiary of SVCC.

     (d)  Exemption from  Registration.  The Parties intend that the issuance of
          the Merger  Shares to the WiseBuys  Shareholders  shall be exempt from
          the  registration  requirements  of the  Securities  Act of 1933  (the
          "Securities  Act")  pursuant to Section 4(2) of the Securities Act and
          the rules and regulations promulgated thereunder.

SECTION 1.02               CLOSING.

     The closing of the Merger (the "Closing") will take place at the offices of
Robert Brantl,  Esq.  within one (1) business day following the  satisfaction or
waiver of the conditions  precedent set forth in Article V or at such other date
as SVCC and WiseBuys shall agree (the "Closing Date"), but in any event no later
than  October  31,  2007  unless  extended  by a written  agreement  of SVCC and
WiseBuys.

SECTION 1.03               MERGER; EFFECTIVE TIME.

     At the Effective  Time and subject to and upon the terms and  conditions of
this Agreement, Merger Sub shall, and SVCC shall cause Merger Sub to, merge with
and into WiseBuys in accordance  with the  provisions of the DGCL,  the separate
corporate existence of WiseBuys shall cease and the Merger Sub shall continue as
the Surviving  Entity.  The Effective  Time shall occur upon the filing with the
Secretary of State of the State of Delaware of a Certificate of Merger, executed
in accordance with the applicable provisions of the DGCL (the "Effective Time").
The date on which the  Effective  Time occurs is  referred to as the  "Effective
Date." Provided that this Agreement has not been terminated  pursuant to Article
VI,  the  Parties  will cause the  Certificate  of Merger to be filed as soon as
practicable after the Closing.

SECTION 1.04      EFFECT OF THE MERGER.

     The Merger  shall have the effect set forth in Title 8,  Section 259 of the
DGCL. Without limiting the generality of the foregoing,  and subject thereto, at
the  Effective  Time,  all  the  properties,   rights,  privileges,  powers  and
franchises  of WiseBuys and Merger Sub shall vest in the Surviving  Entity,  and
all debts,  liabilities  and duties of WiseBuys  and Merger Sub shall become the
debts, liabilities and duties of the Surviving Entity.

SECTION 1.05      CERTIFICATE OF INCORPORATION AND BYLAWS; DIRECTORS
                    AND OFFICERS.

     Pursuant to the Merger:

     (a)  The  Certificate of  Incorporation  and Bylaws of the Merger Sub as in
          effect   immediately   prior  to  the  Effective  Time  shall  be  the
          Certificate  of  Incorporation  and  Bylaws  of the  Surviving  Entity
          immediately  following the Merger,  provided that the  Certificate  of
          Merger shall  declare that the name of the  Surviving  Entity shall be
          WiseBuys Stores, Inc.

     (b)  The  directors and officers of the WiseBuys  immediately  prior to the
          Merger shall be the  directors  and officers of the  Surviving  Entity
          subsequent to the Merger.

SECTION 1.06               RESTRICTIONS ON RESALE

     (a)  The Merger Shares will not be registered  under the Securities Act, or
          the  securities  laws  of  any  state,   and  cannot  be  transferred,
          hypothecated,  sold or otherwise disposed of until: (i) a registration
          statement with respect to such securities is declared  effective under
          the  Securities  Act, or (ii) SVCC  receives an opinion of counsel for
          SVCC  that an  exemption  from the  registration  requirements  of the
          Securities Act is available.

     The  certificates  representing the Merger Shares which are being issued to
the WiseBuys Shareholders shall contain a legend substantially as follows:

          "THE  SECURITIES  WHICH ARE REPRESENTED BY THIS  CERTIFICATE  HAVE NOT
          BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  AND MAY
          NOT BE SOLD, TRANSFERRED,  HYPOTHECATED OR OTHERWISE DISPOSED OF UNTIL
          A REGISTRATION  STATEMENT WITH RESPECT  THERETO IS DECLARED  EFFECTIVE
          UNDER SUCH ACT,  OR SEAWAY  VALLEY  CAPITAL  CORPORATION  RECEIVES  AN
          OPINION  OF COUNSEL  FOR SEAWAY  VALLEY  CAPITAL  CORPORATION  THAT AN
          EXEMPTION  FROM  THE   REGISTRATION   REQUIREMENTS   OF  SUCH  ACT  IS
          AVAILABLE."

SECTION 1.07      EXCHANGE OF CERTIFICATES.

     (a)  Exchange of  Certificates.  After the  Effective  Time,  the  WiseBuys
          Shareholders  shall be required to surrender all their WiseBuys Shares
          to the Exchange Agent, and the WiseBuys Shareholders shall be entitled
          upon such  surrender  to receive  in  exchange  therefor  certificates
          representing the proportionate  number of Merger Shares into which the
          WiseBuys Shares theretofore represented by the stock transfer forms so
          surrendered  shall have been  exchanged  pursuant  to this  Agreement.
          Until so surrendered, each outstanding certificate which, prior to the
          Effective  Time,  represented  WiseBuys Shares shall be deemed for all
          corporate purposes,  subject to the further provisions of this Article
          I, to evidence the  ownership of the number of whole Merger Shares for
          which such WiseBuys Shares have been so exchanged. No dividend payable
          to holders of Merger Shares of record as of any date subsequent to the
          Effective  Time shall be paid to the owner of any  certificate  which,
          prior to the Effective Time,  represented  WiseBuys Shares, until such
          certificate or  certificates  representing  all the relevant  WiseBuys
          Shares,  together  with a stock  transfer  form,  are  surrendered  as
          provided in this  Article I or pursuant to letters of  transmittal  or
          other  instructions with respect to lost certificates  provided by the
          Exchange Agent.

     (b)  Full Satisfaction of Rights.  All Merger Shares for which the WiseBuys
          Shares shall have been  exchanged  pursuant to this Article I shall be
          deemed  to  have  been  issued  in  full  satisfaction  of all  rights
          pertaining to the WiseBuys Shares.

     (c)  Closing of Transfer  Books.  On the Effective Date, the stock transfer
          book of  WiseBuys  shall be  deemed to be closed  and no  transfer  of
          WiseBuys Shares shall thereafter be recorded thereon.


                                   ARTICLE II
                     REPRESENTATIONS AND WARRANTIES OF SVCC

     SVCC and,  where  applicable,  the Merger Sub hereby  jointly and severally
represent and warrant to WiseBuys and to the Shareholders of WiseBuys, as of the
date of this Agreement,  as of the Closing Date and as of the Effective Time, as
follows:

SECTION 2.01      ORGANIZATION, STANDING AND POWER.

     SVCC is a  corporation  duly  incorporated,  validly  existing  and in good
standing  under the laws of the State of Delaware,  and has corporate  power and
authority to conduct its business as presently conducted by it and to enter into
and perform this  Agreement and to carry out the  transactions  contemplated  by
this Agreement. Merger Sub is a corporation duly incorporated,  validly existing
and in good standing under the laws of the State of Delaware,  and has corporate
power and  authority to enter into and perform this  Agreement  and to carry out
the transactions contemplated by this Agreement.

SECTION 2.02               SUBSIDIARIES

     Except as described  specifically  in the  Quarterly  Report on Form 10-QSB
filed by SVCC on August 14, 2007 (the "10-QSB"), SVCC does not have an ownership
interest in any Person. Merger Sub is a recently formed corporation and prior to
the date hereof and through the Effective Date, Merger Sub shall not conduct any
operating business,  become a party to any agreements,  or incur any liabilities
or obligations.

SECTION 2.03       CAPITALIZATION.

     (a)  SVCC is authorized to issue Two Billion, Five Hundred and Five Million
          (2,505,000,000)  shares of capital  stock,  consisting of Two Billion,
          Five Hundred Million (2,500,000,000) shares of Common Stock, par value
          $.0001 per share,  One Hundred  Thousand  (100,000) shares of Series A
          Preferred  Stock,  $.0001 per share,  One Hundred  Thousand  (100,000)
          shares  of  Series B  Preferred  Stock,  $.0001  per  share,  and Four
          Million, Eight Hundred Thousand (4,800,000) shares of Preferred Stock,
          par value $.0001 per share. As of the date of this Agreement and as of
          the Closing  Date,  there are and will be more than  421,577,063  SVCC
          Common  Shares  and  78,250  Series  B  Preferred  Shares  issued  and
          outstanding. The Series B Preferred Shares are entitled to cast 80% of
          the votes at any meeting of the SVCC shareholders.

     (b)  No SVCC Common Shares or SVCC Preferred  Shares have been reserved for
          issuance to any Person, and there are no outstanding rights, warrants,
          options or  agreements  for the  purchase of SVCC Common or  Preferred
          Shares  except as  provided  in this  Agreement,  and  except  for the
          instruments  in favor of Cornell  Capital  Partners,  LP granting  the
          right to convert certain debentures into shares of common stock.

     (c)  All  outstanding  SVCC Common Shares are validly  issued,  fully paid,
          non-assessable, not subject to pre-emptive rights and have been issued
          in  compliance  with all state and  federal  securities  laws or other
          Applicable  Law.  The  Series C  Convertible  Shares  issuable  to the
          WiseBuys  Shareholders  pursuant  to  the  Merger  will,  when  issued
          pursuant to this Agreement, be duly and validly authorized and issued,
          fully paid and non-assessable.

SECTION 2.04               AUTHORITY FOR AGREEMENT.

     The execution,  delivery, and performance of this Agreement by each of SVCC
and  Merger  Sub have  been  duly  authorized  by all  necessary  corporate  and
shareholder action, and this Agreement,  upon its execution by the Parties, will
constitute the valid and binding  obligation of each of SVCC and the Merger Sub,
enforceable  against each of them in  accordance  with and subject to its terms,
except as enforceability may be affected by bankruptcy, insolvency or other laws
of general  application  affecting the  enforcement  of creditors'  rights.  The
execution and  consummation of the  transactions  contemplated by this Agreement
and  compliance  with its provisions by SVCC and Merger Sub will not violate any
provision of  Applicable  Law and will not conflict with or result in any breach
of any of the terms,  conditions,  or  provisions  of, or  constitute  a default
under,  SVCC's or Merger Sub's Certificate of Incorporation,  or either of their
Bylaws,  in each case as amended,  or, in any material  respect,  any indenture,
lease,  loan agreement or other agreement or instrument to which SVCC is a party
or by which it or any of its  properties  is  bound,  or any  decree,  judgment,
order, statute, rule or regulation applicable to SVCC or Merger Sub.

SECTION 2.05               FINANCIAL CONDITION

     The financial statements of SVCC and the additional  information  regarding
the financial  condition of SVCC  contained in the 10-QSB are true,  correct and
complete in all material  respects,  are not misleading and do not omit to state
any  material  fact which is necessary to make the  statements  and  information
contained therein misleading in any material respect.  The financial  statements
included  in the 10-QSB were  prepared in  accordance  with  generally  accepted
accounting  principles and fairly reflect the financial  condition of SVCC as of
the dates stated and the results of its operations for the periods presented.



SECTION 2.06               ABSENCE OF CERTAIN CHANGES OR EVENTS.

     Since  June 30,  2007,  except as  reported  in the  10-QSB  and  except as
contemplated by this Agreement:

     (a)  there  has not been  any  Material  Adverse  Change  in the  business,
          operations, properties, assets, or condition of SVCC;

     (b)  SVCC has not (i) amended its Certificate of Incorporation,  except for
          an  amendment  filed to  change  the name of the  corporation  from GS
          Carbon Corporation to Seaway Valley Capital Corporation; (ii) declared
          or made,  or agreed to declare or make,  any payment of  dividends  or
          distributions  of any assets of any kind whatsoever to stockholders or
          purchased  or  redeemed,   or  agreed  to  purchase  or  redeem,   any
          outstanding  capital  stock;  (iii)  made any  material  change in its
          method of management,  operation, or accounting; (iv) entered into any
          material  transaction;  or (v) made any  accrual  or  arrangement  for
          payment  of  bonuses  or  special  compensation  of  any  kind  or any
          severance  or  termination  pay to any  present  or former  officer or
          employee;

     (c)  SVCC has not (i)  borrowed or agreed to borrow any funds or  incurred,
          or become subject to, any material  obligation or liability  (absolute
          or contingent) except  liabilities  incurred in the ordinary course of
          business;  (ii) paid any material obligation or liability (absolute or
          contingent)  other than current  liabilities  reflected in or shown on
          the most recent SVCC balance sheet, and current  liabilities  incurred
          since  that date in the  ordinary  course of  business;  (iii) sold or
          transferred,  or  agreed to sell or  transfer,  any  material  assets,
          properties,  or rights, or canceled, or agreed to cancel, any material
          debts or claims;  or (iv) made or permitted any material  amendment or
          termination  of any contract,  agreement,  or license to which it is a
          party.

SECTION 2.07      GOVERNMENTAL AND THIRD PARTY CONSENTS

     No consent,  waiver,  approval, order or authorization of, or registration,
declaration  or filing with, any court,  administrative  agency or commission or
other federal,  state, county,  local or other foreign  governmental  authority,
instrumentality,  agency or commission or any third party,  including a party to
any agreement with SVCC or Merger Sub, is required by or with respect to SVCC or
Merger Sub in connection  with the  execution and delivery of this  Agreement or
the  consummation  of the  transactions  contemplated  hereby,  except  for such
consents,   waivers,   approvals,   orders,    authorizations,    registrations,
declarations  and filings as may be  required  under (i)  applicable  securities
laws, or (ii) the DGCL.

SECTION 2.08               LITIGATION

     There  is no  action,  suit,  investigation,  audit or  proceeding  pending
against, or to the Knowledge of SVCC,  threatened against or affecting,  SVCC or
the Merger Sub or any of their respective  assets or properties before any court
or arbitrator or any governmental body, agency or official.

SECTION 2.09               COMPLIANCE WITH APPLICABLE LAWS.

     To the  Knowledge of SVCC,  the business of each of SVCC and the Merger Sub
has not been, and is not being, conducted in violation of any Applicable Law.

SECTION 2.10               TAX RETURNS AND PAYMENT

     SVCC has duly and timely  filed all  material  Tax  Returns  required to be
filed by it and has duly and  timely  paid all Taxes  shown  thereon  to be due.
Except as disclosed in financial  statements filed with the 10-KSB,  there is no
material  claim for Taxes that is a Lien against the property of SVCC other than
Liens for Taxes not yet due and payable, none of which is material. SVCC has not
received  written  notification  of any audit of any Tax  Return  of SVCC  being
conducted or pending by a Tax  authority,  no extension or waiver of the statute
of  limitations on the assessment of any Taxes has been granted by SVCC which is
currently  in  effect,  and SVCC is not a party to any  agreement,  contract  or
arrangement with any Tax auth