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                                                                EXHIBIT 10.50
                                                                
                    INTELECT COMMUNICATIONS SYSTEMS LIMITED
                         REGISTRATION RIGHTS AGREEMENT



         THIS REGISTRATION RIGHTS AGREEMENT (this "Registration Rights
Agreement") is made as  of  May 30, 1997, by and between INTELECT
COMMUNICATIONS SYSTEMS LIMITED, a  Bermuda company with limited liability
("Company"), and  THE COASTAL CORPORATION SECOND PENSION TRUST ("Coastal").

                                W I T N E S S :

         WHEREAS,  on the date hereof, Coastal and the Company entered into a
Subscription Agreement for the Company's $.01 per share par value, ten percent
dividend, cumulative, convertible preferred stock, Series A, priced at $2.0145
("Preferred Stock");

         WHEREAS,  the Company may issue additional shares of Preferred Stock
to Coastal from time to time;

         WHEREAS,  the Company wishes to grant Coastal certain registration
rights in respect of the $.01 per share par value common stock ("Common Stock")
issuable upon conversion of or as dividends on the Preferred Stock as set forth
herein;

         NOW, THEREFORE,  in consideration of the mutual promises and covenants
set forth herein, the parties hereby agree as follows:

                                   ARTICLE I
                                  DEFINITIONS

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

         "Coastal" shall have the meaning given in the Preamble.

         "Commission" shall mean the Securities and Exchange Commission or any
other federal agency at the time administering the Securities Act.

         "Common Stock" shall mean the Company's $.01 per share par value
common stock.

         "Company" shall have the meaning given in the Preamble.

         "Exchange Act" means the Securities Exchange Act of 1934.

         "Indemnified Party" shall have the meaning given in Section 2.5.3.

         "Indemnifying Party" shall have the meaning given in Section 2.5.3.

         "Preferred Stock" shall mean the Company's $.01 per share par value,
ten percent dividend, cumulative, convertible preferred stock, Series A, priced
at $2.0145.

         "Registrable Securities" shall mean the Common Stock, including any
Common Stock issued or issuable at any time or from time to time in respect of
a stock split, stock dividend, recapitalization or other similar event
involving the Company.
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         "Registration Expenses" shall mean all expenses, other than Selling
Expenses (as defined below), incurred by the Company in complying with this
Registration Rights Agreement, including, without limitation, all registration,
qualification and filing fees, exchange listing fees, printing expenses, escrow
fees, fees and disbursements of counsel for the Company, Blue Sky fees and
expenses, the expense of any special audits incident to or required by any such
registration (but excluding the compensation of regular employees of the
Company which shall be paid in any event by the Company).

         "Registration Statement" shall have the meaning given in Section
2.1.1.

         The terms "register", "registered," and "registration" refer to a
registration effected by preparing and filing a registration statement in
compliance with the Securities Act, and the declaration or ordering by the
Commission of the effectiveness of such registration statement.

         "Securities Act" shall mean the Securities Act of 1933, as amended, or
any similar federal statute and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.

         "Selling Expenses" shall mean all underwriting discounts, selling
commissions and stock transfer taxes applicable to the securities registered by
the holders of the Registrable Securities and, except as set forth above, all
fees and disbursements of counsel for such holders.

         "Selling Security Holder" shall have the meaning given in Section
2.5.4.

         "Shares" shall mean Common Stock acquired by Coastal through exercise
of the Warrants.

         "Underwritten Public Offering" shall mean a public offering in which
the Common Stock is offered and sold on a firm commitment basis through one or
more underwriters, all pursuant to (i) an effective registration statement
under the Securities Act and (ii) an underwriting agreement between the Company
and such underwriters.

                                   ARTICLE II
                              REGISTRATION RIGHTS

         2.1     Demand Registration.

                 2.1.1    At any time and from time to time, but in no event
earlier than August 31, 1997, a holder or holders of Registrable  Securities
holding in the aggregate at least ten percent (10%) of the then existing
Registrable Securities may make a one-time written demand upon the Company, to
file, within sixty (60) days after such written demand is made, with the
Securities and Exchange Commission a shelf registration statement covering the
resale of all of the Registrable Securities on Form S-1, S-2 or S-3 (the
"Registration Statement").  The Company shall use its reasonable best efforts
to cause such Registration Statement to become effective as soon as practicable
and to cause all of the Registrable Securities to be qualified in such state
jurisdictions as the holders may request.

                 2.1.2    Except as set forth herein, the Company shall take
all reasonable steps necessary to keep the Registration Statement current and
effective until the lesser of: (i) two years and (ii) until the Registrable
Securities are transferable pursuant to Rule 144 under the Securities Act
without the volume limitations set forth in such rule.

                 2.1.3    The Company shall be entitled to require that a
holder or holders of Registrable Securities refrain from effecting any public
sales or distributions of the Registrable Securities pursuant to a Registration
Statement that has been declared effective by the Commission or otherwise, if
the board of directors of the Company reasonably determines that such public
sales or distributions would interfere in any material respect with any
transaction involving the Company that the board of directors reasonably
determines to be material to the Company. The board of directors shall, as
promptly as practicable, give the holders of the Registrable Securities written
notice of any such development. In the event of a request by the board of
directors of the Company that the holders of Registrable Securities refrain
from effecting any public sales or distributions of the Registrable Securities,
the Company shall be required to lift such restrictions regarding effecting
public sales or distributions of the Registrable Securities as soon as
reasonably practicable after the board of directors shall reasonably determine
public sales or distributions by the holders of the

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Registrable Securities shall not interfere with such transaction, provided,
that in no event shall any requirement that the holders of Registrable
Securities refrain from effecting public sales or distributions in the
Registrable Securities extend for more than 90 days.

                 2.1.4    Notwithstanding the foregoing, the one-time demand
registration rights provided in this Section 2.1 shall be subject to the
following additional limitations:

                 (i)      Company shall not be obligated to file such
                          Registration Statement on a Form S-2 or S-3 if it
                          does not then meet the requirements (including the
                          financial statement requirements) of such Form, and
                          if the Company is required to file a Form S-1, it
                          should not be obligated to file the Form S-1 until it
                          shall have prepared current financial statements as
                          required by Form S-1;

                 (ii)     If, upon receipt of any request for registration of
                          Registrable Securities pursuant to this Section 2.1,
                          the Company is then engaged by a reputable and
                          nationally or regionally recognized investment
                          banking firm regarding a good faith proposed
                          registered public offering of Shares of Common Stock,
                          then the Company shall give notice of such
                          negotiations to all holders of Registrable Securities
                          within fifteen (15) days of the date upon which the
                          Company received such holder's request and the
                          Company shall not, for sixty  (60) days after giving
                          such notice to such holders, be required to undertake
                          a required registration of the Registrable Securities
                          pursuant to this Section 2.1 in response to such
                          holder's request; provided, however, that if such
                          registration statement of such proposed public
                          offering is not filed within sixty (60) days after
                          the Company gives such notice to holders of the
                          Registrable Securities, the Company shall respond to
                          the holder's request for registration of Registrable
                          Securities and, unless otherwise required by the
                          provisions of this Section 2.1, register such
                          Registrable Securities, no later than twenty (20)
                          days after the expiration of such sixty (60) day
                          period and as provided herein.

         2.2     Piggyback Registration.

                 2.2.1    Subject to the terms hereof, if at any time or from
time to time the Company or any shareholder of the Company shall determine to
register any of its securities (except for registration statements relating to
employee benefit plans or exchange offers), either for its own account or the
account of a security holder, the Company will promptly give to the holders of
Registrable Securities written notice thereof not less than 30 days prior to
the filing of any registration statement; and include in such registration (and
any related qualification under Blue Sky laws or other compliance), and in the
underwriting involved therein, if any, such Registrable Securities as such
holders may request in a writing delivered to the Company within twenty (20)
days after the holders' receipt of Company's written notice.

                 2.2.2    The holders of Registrable Securities may participate
in any number of registrations until all of the Shares held by holders of
Registrable Securities have been distributed pursuant to a registration or
until the Shares are transferable pursuant to Rule 144 under the Securities
Act.

                 2.2.3    If any registration statement is an Underwritten
Public Offering, the right of holders of Registrable Securities to registration
pursuant to this Section shall be conditioned upon each such holder's
participation in such reasonable underwriting arrangements as the Company shall
make regarding the offering, and the inclusion of Registrable Securities in the
underwriting shall be limited to the extent provided herein.  Holders of
Registrable Securities and all other shareholders proposing to distribute their
securities through such underwriting shall (together with the Company and the
other holders distributing their securities through such underwriting) enter
into an underwriting agreement in customary form with the managing underwriter
selected for such underwriting by the Company. Notwithstanding any other
provision of this Section, if the managing underwriter concludes in its
reasonable judgment that the number of Shares to be registered for selling
shareholders (including the holders of Registrable Securities) would materially
adversely effect such offering, the number of Shares to be registered, together
with the number of Shares of Common Stock or other securities held by other
shareholders proposed to be registered in such offering, shall be reduced on a
pro rata basis based on the number of Shares proposed to be sold by the holders
of Registrable Securities as compared to the number of Shares proposed to be
sold by all shareholders.   If any holder of Registrable Securities disapproves
of the terms of any such underwriting, it may elect to withdraw therefrom by
written notice to the Company and the managing underwriter, delivered not less
than 10 days before the effective date.  The

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Registrable Securities excluded by the managing underwriter or withdrawn from
such underwriting shall be withdrawn from such registration, and shall not be
transferred in a public distribution prior to one hundred twenty (120) days
after the effective date of the registration statement relating thereto, or
such other shorter period of time as the underwriters may require.

                 2.2.4    The Company shall have the right to terminate or
withdraw any registration initiated by it under this Section prior to the
effectiveness of such registration whether or not the holders of Registrable
Securities have elected to include securities in such registration.

         2.3     Expenses of Registration.  All Registration Expenses shall be
borne by the Company.  Unless otherwise stated herein, all Selling Expenses
relating to securities registered on behalf of the holders of Registrable
Securities shall be borne by the holders of Registrable Securities.

         2.4     Registration Procedures.  In the case of each registration,
qualification or compliance effected by the Company pursuant to this
Registration Rights Agreement, the Company will keep the holders of Registrable
Securities advised in writing as to the initiation of each registration,
qualification and compliance and as to the completion thereof.  At its expense,
the Company will:

                 2.4.1    Prepare and file with the Commission a registration
statement with respect to such securities and use its commercially reasonable
efforts to cause such registration statement to become and remain effective
until the distribution described in such registration statement has been
completed;

                 2.4.2    Furnish to each underwriter such number of copies of
a prospectus, including a preliminary prospectus, in conformity with the
requirements of the Securities Act, and such other documents as such
underwriter may reasonably request in order to facilitate the public sale of
the Shares by such underwriter, and promptly furnish to each underwriter and
the holders of Registrable Securities notice of any stop-order or similar
notice issued by the Commission or any state agency charged with the regulation
of securities, and notice of any NASDAQ or securities exchange listing; and

                 2.4.3    Cause the Shares to be listed on the NASDAQ National
Market System or a securities exchange on which the Common Stock is approved
for listing.

         2.5     Indemnification.

                 2.5.1    To the extent permitted by law, the Company will
indemnify each holder of Registrable Securities, each of its officers and
directors and partners, and each person controlling such holder within the
meaning of Section 15 of the Securities Act, with respect to which
registration, qualification or compliance has been effected pursuant to this
Agreement, and each underwriter, if any, and each person who controls any
underwriter within the meaning of Section 15 of the Securities Act, against all
expenses, claims, losses, damages or liabilities (or actions in respect
thereof), including any of the foregoing incurred in settlement of any
litigation, commenced or threatened, to the extent such expenses, claims,
losses, damages or liabilities arise out of or are based on any untrue
statement (or alleged untrue statement) of a material fact contained in any
registration statement, prospectus, offering circular or other similar
document, or any amendment or supplement thereto, incident to any such
registration, qualification or compliance, or based on any omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances in
which they were made, not misleading, or any violation by the Company of the
Securities Act or any rule or regulation promulgated under the Securities Act
applicable to the Company in connection with any such registration,
qualification or compliance, and the Company will reimburse each holder of
Registrable Securities, each of its officers and directors and partners, and
each person controlling each holder of Registrable Securities, each such
underwriter and each person who controls any such underwriter, for any legal
and any other expenses reasonably incurred in connection with investigating,
preparing or defending any such claim, loss, damage, liability or action;
provided, however, that the indemnity contained herein shall not apply to
amounts paid in settlement of any claim, loss, damage, liability or expense if
settlement is effected without the consent of the Company (which consent shall
not unreasonably be withheld); provided, further, that the Company will not be
liable in any such case to the extent that any such claim, loss, damage,
liability or expense arises out of or is based on any untrue statement or
omission or alleged untrue statement or omission, made in reliance upon and in
conformity with written information furnished to the Company by a holder of
Registrable Securities, such controlling person or such underwriter
specifically

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for use therein; provided, however, that the indemnity contained herein shall
not apply to amounts paid in settlement of any claim, loss, damage, liability,
or expense if settlement is effected without the consent of such holder of
Registrable Securities (which consent shall not be unreasonably withheld).
Notwithstanding the foregoing, insofar as the foregoing indemnity relates to
any such untrue statement (or alleged untrue statement) or omission (or alleged
omission) made in the preliminary prospectus but eliminated or remedied in the
amended prospectus on file with the Commission at the time the registration
statement becomes effective or in the final prospectus filed with the
Commission pursuant to the applicable rules of the Commission or in any
supplement or addendum thereto, the indemnity agreement herein shall not inure
to the benefit of any underwriter if a copy of the final prospectus filed
pursuant to such rules, together with all supplements and addenda thereto, was
not furnished to the person or entity asserting the loss, liability, claim or
damage at or prior to the time such furnishing is required by the Securities
Act.

                 2.5.2    To the extent permitted by law, each holder of
Registrable Securities will, if securities held by such holder are included in
the securities as to which such registration, qualification or compliance is
being effected pursuant to terms hereof, indemnify the Company, each of its
directors and officers, each underwriter, if any, of the Company's securities
covered by such a registration statement, each person who controls the Company
or such underwriter within the meaning of Section 15 of the Securities Act, and
each other person selling the Company's securities covered by such registration
statement, each of such person's officers and directors and each person
controlling such persons within the meaning of Section 15 of the Securities
Act, against all claims, losses, damages and liabilities (or actions in respect
thereof) arising out of or based on any untrue statement (or alleged untrue
statement) by such holder of a material fact contained in any such registration
statement, prospectus, offering circular or other document, or any omission (or
alleged omission) to state therein a material fact required to be stated
therein or necessary to make the statements therein not misleading, or any
violation by such holder of Registrable Securities of any rule or regulation
promulgated under the Securities Act applicable to holders of Registrable
Securities and relating to action or inaction required of holders of
Registrable Securities in connection with any such registration, qualification
or compliance, and will reimburse the Company, such other persons, such
directors, officers, persons, underwriters or control persons for any legal or
other expenses reasonably incurred in connection with investigating or
defending any such claim, loss, damage, liability or action, in each case to
the extent, but only to the extent, that such untrue statement (or alleged
untrue statement) or omission (or alleged omission) is made in such
registration statement, prospectus, offering circular or other document in
reliance upon and in conformity with written information furnished to the
Company by such holder of Registrable Securities specifically for use therein;
provided, however, that the indemnity contained herein shall not apply to
amounts paid in settlement of any claim, loss, damage, liability or expense if
settlement is effected without the consent of such holder of Registrable
Securities (which consent shall not be unreasonably withheld).  Notwithstanding
the foregoing, the liability of such Holder of Registrable Securities under
this Subsection 2.5.2 shall be limited in an amount equal to the net proceeds
from the sale of the Shares sold by such holder of Registrable Securities,
unless such liability arises out of or is based on willful conduct by such
holder of Registrable Securities.  In addition, insofar as the foregoing
indemnity relates to any such untrue statement (or alleged untrue statement) or
omission (or alleged omission) made in the preliminary prospectus but
eliminated or remedied in the amended prospectus on file with the Commission at
the time the registration statement becomes effective or in the final
prospectus filed pursuant to applicable rules of the Commission or in any
supplement or addendum thereto, the indemnity agreement herein shall not inure
to the benefit of the Company or any underwriter, if a copy of the final
prospectus filed pursuant to such rules, together with all supplements and
addenda thereto, was not furnished to the person or entity asserting the loss,
liability, claim or damage at or prior to the time such furnishing is required
by the Securities Act.

                 2.5.3    Notwithstanding the foregoing Subsection 2.5.1 and
2.5.2, each party entitled to indemnification under this Section (the
"Indemnified Party") shall give notice to the party required to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified
Party has actual knowledge of any claim as to which indemnity may be sought,
and shall permit the Indemnifying Party to assume the defense of any such claim
or any litigation resulting therefrom, provided that counsel for the
Indemnifying Party, who shall conduct the defense of such claim or litigation,
shall be approved by the Indemnified Party (whose approval shall not
unreasonably be withheld), and the Indemnified Party may participate in such
defense at such party's expense, and provided further that the failure of any
Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Agreement unless the failure
to give such notice is materially prejudicial to an Indemnifying Party's
ability to defend such action and provided further, that the Indemnifying Party
shall not assume the defense for matters as to which there is a conflict of
interest or as to which the Indemnifying Party is asserting separate or
different defenses, which defenses are inconsistent with the defenses of the
Indemnified Party.  No Indemnifying Party, in the

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defense of any such claim or litigation, shall, except with the consent of each
Indemnified Party, consent to entry of any judgment or enter into any
settlement which does not include as an unconditional term thereof the giving
by the claimant or plaintiff to such Indemnified Party of a release from all
liability in respect to such claim or litigation.  No Indemnified Party shall
consent to entry of any judgment or enter into any settlement without the
consent of each Indemnifying Party.

                 2.5.4     If the indemnification provided for in this Section
is unavailable to an Indemnified Party in respect of any losses, claims,
damages or liabilities referred to therein, then each Indemnifying Party, in
lieu of indemnifying such Indemnified Party, shall contribute to the amount
paid or payable by such Indemnified Party as a result of such losses, claims,
damages or liabilities (i) in such proportion as is appropriate to reflect the
relative benefits received by the Company on the one hand and all shareholders
offering securities in the offering (the "Selling Security Holders") on the
other from the offering of the Company's securities, or (ii) if the allocation
provided by clause (i) above is not permitted by applicable law, in such
proportion as is appropriate to reflect not only the relative benefits referred
to in clause (i) above but also the relative fault of the Company on the one
hand and the Selling Security Holders on the other in connection with the
statements or omissions which resulted in such losses, claims, damages or
liabilities, as well as any other relevant equitable considerations.  The
relative benefits received by the Company on the one hand and the Selling
Security Holders on the other shall be the net proceeds from the offering
(before deducting expenses) received by the Company on the one hand and the
Selling Security Holders on the other.  The relative fault of the Company on
the one hand and the Selling Security Holders on the other shall be determined
by reference to, among other things, whether the untrue or alleged untrue
statement of material fact or the omission or alleged omission to state a
material fact relates to information supplied by the Company or by the Selling
Security Holders and the parties' relevant intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.
The Company and the Selling Security Holders agree that it would not be just
and equitable if contribution pursuant to this Section were based solely upon
the number of entities from whom contribution was requested or by any other
method of allocation which does not take account of the equitable
considerations referred to above in this Section.  The amount paid or payable
by an Indemnified Party as a result of the losses, claims, damages and
liabilities referred to above in this Section shall be deemed to include any
legal or other expenses reasonably incurred by such Indemnified Party in
connection with investigating or defending any such action or claim, subject to
the provisions hereof. Notwithstanding the provisions of this Section, no
Selling Shareholder shall be required to contribute any amount or make any
other payments under this Agreement which in the aggregate exceed the proceeds
received by such Selling Shareholder.  No person guilty of fraudulent
misrepresentation (within the meaning of the Securities Act) shall be entitled
to contribution from any person who was not guilty of such fraudulent
misrepresentation.

         2.6     Certain Information.

                 2.6.1    The holders of Registrable Securities agree, with
respect to any Registrable Securities included in any registration, to furnish
to the Company such information regarding such holder, the Registrable
Securities and the distribution proposed by the such holder as the Company may
reasonably request in writing and as shall be required in connection with any
registration, qualification or compliance referred to herein.

                 2.6.2    The failure of the holder of Registrable Securities
to furnish the information requested pursuant to Section 2.6.1 shall not affect
the obligation of the Company to the other Selling Security Holders who furnish
such information unless, in the reasonable opinion of counsel to the Company or
the underwriters, such failure impairs or may impair the legality of the
Registration Statement or the underlying offering.

         2.7     Rule 144 Reporting.  With a view to making available the
benefits of certain rules and regulations of the Commission which may at any
time permit the sale of Restricted Securities (used herein as defined in Rule
144 under the Securities Act) to the public without registration, the Company
agrees to use its best lawful efforts to:

                 2.7.1    Make and keep public information available, as those
terms are understood and defined in Rule 144 under the Securities Act, at all
times during which the Company is subject to the reporting requirements of the
Securities Exchange Act of 1934, as amended (the "Exchange Act");

                 2.7.2    File with the Commission in a timely manner all
reports and other documents required of the Company under the Securities Act
and the Exchange Act (at all times during which the Company is subject to such
reporting requirements); and

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<PAGE>   7
                 2.7.3    So long as any holder of Registrable Securities owns
any Restricted Securities (as defined in Rule 144 promulgated under the
Securities Act), to furnish to such holder forthwith upon request a written
statement by the Company as to its compliance with the reporting requirements
of said Rule 144 and with regard to the Securities Act and the Exchange Act (at
all times during which the Company is subject to such reporting requirements),
a copy of the most recent annual or quarterly report of the Company, and such
other reports and documents of the Company and other information in the
possession of or reasonably obtainable by the Company as such holder of
Registrable Securities may reasonably request in availing itself of any rule or
regulation of the Commission allowing such holder to sell any such securities
without registration.

         2.8     Transferability.  The rights conferred by this Agreement shall
be freely transferable to a recipient of Registrable Securities.

         2.9     Governing Law.  THIS AGREEMENT SHALL BE GOVERNED IN ALL
RESPECTS BY THE LAWS OF THE STATE OF TEXAS.

         2.10    Entire Agreement; Amendment. This Agreement constitutes the
full and entire understanding and agreement between the parties with regard to
the subject hereof.  This Agreement, or any provision hereof, may be amended,
waived, discharged or terminated upon the written consent of the Company and
Coastal.

         2.11    Notices, etc. Except as otherwise specified herein, all
notices, requests, demands or other communications to or upon the respective
parties hereto shall be deemed to have been duly given or made when delivered
to the party to which such notice, request, demand or other communication is
required or permitted to be given or made under this Agreement or the Note,
addressed to such party at its address set forth below or at such other address
as either of the parties hereto may hereafter notify the other in writing.

To Company:      INTELECT COMMUNICATION SYSTEMS LIMITED
                 1100 Executive Drive
                 Richardson, Texas  75081
                 Telephone:   972-367-2100
                 Telecopy:    972-367-2271
                 Attention: Herman Frietsch, Chairman and CEO

with a copy to:  RYAN & SUDAN, L.L.P.
                 909 Fannin, 39th Floor
                 Houston, Texas 77010
                 Telephone:   713-652-0501
                 Telecopy:    713-652-0503
                 Attention: Philip P. Sudan, Jr.

To Holder:       THE COASTAL CORPORATION SECOND PENSION TRUST
                 Nine Greenway Plaza
                 Houston, Texas  77046-0995
                 Telephone:   713-877-6825
                 Telecopy:    713-877-7071
                 Attention: Corporate Secretary
with a copy to:  THE COASTAL CORPORATION
                 Nine Greenway Plaza
                 Houston, Texas  77046-0995
                 Telephone:   713-877-6920
                 Telecopy:    713-877-7132
                 Attention: Director, Financial Administration

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<PAGE>   8
         2.12    Delays or Omissions. Except as expressly provided herein, no
delay or omission to exercise any right, power or remedy accruing to any party
to this Agreement shall impair any such right, power or remedy of such party
nor shall it be construed to be a waiver of any such breach or default, or an
acquiescence therein, or of or in any similar breach or default thereafter
occurring; nor shall any waiver of any single breach or default be deemed a
waiver of any other breach or default theretofore or thereafter occurring.  Any
waiver, permit, consent or approval of any kind or character on the part of any
party of any breach or default under this Agreement, or any waiver on the part
of any party of any provisions or conditions of this Agreement, must be in
writing and shall be effective only to the extent specifically set forth in
such writing.  All remedies, either under this Agreement or by law or otherwise
afforded to any party to this Agreement, shall be cumulative and not
alternative.

         2.13    Counterparts.  This Agreement may be executed in any number of
counterparts, each of which shall be enforceable against the parties actually
executing such counterparts, and all of which together shall constitute one
instrument.

         2.14    Severability. In the event that any provision of this
Agreement becomes or is declared by a court of competent jurisdiction to be
illegal, unenforceable or void, this Agreement shall continue in full force and
effect without said provision.

         2.15    Titles and Subtitles.  The titles and subtitles used in this
Agreement are used for convenience only and are not considered in construing or
interpreting this Agreement.





                            [SIGNATURE PAGE FOLLOWS]

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         IN WITNESS WHEREOF, the Parties have executed this Agreement as of the
date first set forth above.

THE COASTAL CORPORATION                 INTELECT COMMUNICATIONS SYSTEMS      
   SECOND PENSION TRUST                        LIMITED                        
                                                                               
                                                                               
By:    /s/ DONALD H. GULLQUIST          By:   /s/ HERMAN M. FRIETSCH           
    ----------------------------              ----------------------------
    Donald H. Gullquist                       Herman M. Frietsch               
    Senior Vice President                     Chairman & CEO                    
    The Coastal Corporation                                                    





                SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT