Document:

AMENDMENT NO. 1

           GARMIN INTERNATIONAL, INC. SAVINGS AND PROFIT SHARING PLAN

The Plan  named  above  gives  the  Employer  the right to amend it at any time.
According to that right, the Plan is amended effective 12/01/2000 as follows:

By striking the definition of Eligible  Employee in the  DEFINITIONS  SECTION of
Article I and substituting the following:

      ELIGIBLE EMPLOYEE means any Employee of the Employer but excluding:

a)            Union Employees.  Any Employee whose employment is governed by the
              Terms  of  a  collective  bargaining  agreement  between  Employee
              representatives  (within the meaning of Code  Section  7701(a)(46)
              and the Employer under which retirement  benefits were the subject
              of good faith bargaining between the parties, unless the agreement
              requires inclusion of the Employee in the Plan.

b)            Leased Employees. Any person who performs services for an Employer
              by and through a contract or agreement, whether written or verbal,
              with a third-party and who is paid by such third-party,  including
              any person who is a leased  employee within the meaning of Section
              414(n)  of the  Code,  a  co-employee  or  joint  employee,  or an
              outsourced employee even if such person is subsequently determined
              by any governmental  agency or court to be, or have been, a common
              law employee of the Employer.

c)            Independent Contractors.  Any individual who performs services for
              an Employer  Pursuant to a contract or agreement,  whether written
              or  verbal,  which  provides  that the  person  is an  independent
              contractor  or  consultant,  even if such  person is  subsequently
              determined to be a common-law employee of an Employer.

d)            Nonresident  Aliens.  Employees who are nonresident aliens (within
              the  meaning  of Code  Section  7701(b)(1)(B)  and who  receive no
              earned income  (within the meaning of Code Section  911(d)(2) from
              an  Employer  which  constitutes  income from  sources  within the
              United States (within the meaning of Code Section 861(a)(3).

By striking the  definition  of Named  Fiduciary in the  DEFINITIONS  SECTION of
Article I and substituting the following:

      NAMED  FIDUCIARY  means the Trustee or other  person or persons who may be
      Designated by the Primary Employer to control and manage the operation and
      administration of the Plan.

By adding the following Sections to the TABLE OF CONTENTS:

     Section   4.01A  ----  Investment in Qualifying Employer Securities
     Section   8.07   ----  Voting and Tender of Qualifying Employer Securities

By adding the following definitions to the DEFINITIONS SECTION of Article I:

QUALIFYING  EMPLOYER  SECURITIES  means  any  security  which is  issued  by the
Employer or any Controlled Group member and which meets the requirements of Code
Section  409(l)  and ERISA  Section  407(d)(5).  This  shall  also  include  any
securities  that  satisfied  the  requirements  of  the  definition  when  these
securities were assigned to the Plan.

QUALIFYING  EMPLOYER  SECURITIES FUND means that part of the assets of the Trust
Fund that is designated  to be held,  as nearly as possible,  in whole shares of
Qualifying  Employer  Securities,  with  the  value  of  any  fractional  shares
maintained  in  cash.  Notwithstanding  the  foregoing  sentence,   participants
recordkeeping will be kept on the basis of whole and fractional shares, with the
value of any cash  held in the fund  after a share  transaction  denominated  as
fractional shares when recorded to the accounts of the affected Participants.

VALUATION DATE means the date on which the value of the assets of the Investment
Fund Is  determined.  The value of each Account which is  maintained  under this
Plan shall be determined on the Valuation Date. In each Plan Year, the Valuation
Date  shall  be the last day of the Plan  Year.  At the  discretion  of the Plan
Administrator, Trustee, or Insurer (whichever applies), assets of the Investment
Fund may be valued more frequently. These dates shall also be Valuation Dates.

By adding to Article IV the following new SECTION 4.01A:

       SECTION 4.01A - INVESTMENT IN QUALIFYING EMPLOYER SECURITIES

All  or any  portion  of  the  Participant's  Account  may  be  invested  in the
Qualifying  Employer Securities Fund. In the absence of an election to invest in
the Qualifying  Employer  Securities Fund,  Participants shall be deemed to have
elected  to have  their  Accounts  invested  wholly  in other  investment  funds
available  under the Plan.  Once an election is made,  it shall be considered to
continue until a new election is made.

For purposes of determining the annual  valuation of the Plan, and for reporting
to  Participants  and  regulatory  authorities,  the assets of the Plan shall be
valued  at least  annually  on the  Valuation  Date.  The fair  market  value of
Qualifying  Employer  Securities shall be determined on such Valuation Date. The
prices of Qualifying Employer Securities as of the date of the transaction shall
apply for purposes of valuing  distributions and other  transactions of the Plan
to the extent  such value is  representative  of the fair  market  value of such
securities  in  the  opinion  of  the  Plan   Administrator.   The  value  of  a
Participant's  Account held in the Qualifying  Employer Securities Fund shall be
expressed in shares and fractional shares.

Cash  dividends  payable  on the  Qualifying  Employer  Securities  held  in the
Qualifying  Employer Securities Fund shall be reinvested in additional shares of
such securities.  In the event of any cash or stock dividend or any stock split,
such dividend or split shall be credited to the Accounts  based on the number of
shares of  Qualifying  Employer  Securities  credited to each  Account as of the
record date of such dividend or split.

With respect to any cash dividend or any stock  dividend on Qualifying  Employer
Securities  held in the Qualifying  Employer  Securities  Fund, the  Participant
shall be entitled to a trailer  distribution of such dividend if distribution of
his  Account  occurs  between  the  record  date  and the  payable  date of such
dividend.

All  purchases of Qualifying  Employer  Securities  in the  Qualifying  Employer
Securities Fund shall be made at a price, or prices,  which, in the judgement of
the Plan Administrator, do not exceed the fair market value of such securities.

The Plan  Administrator  may direct the Trustee to sell,  resell,  or  otherwise
dispose  of  Qualifying  Employer  Securities  held in the  Qualifying  Employer
Securities  Fund to any person,  including the Employer,  provided that any such
sales to any disqualified person or  party-in-interest,  including the Employer,
will be made at not less than the fair market  value and no  commission  will be
charged. Any such sale shall be made in conformance with ERISA Section 408(e).

The Employer is responsible for compliance with any applicable  Federal or state
securities  law with  respect  to all  aspects  of the Plan.  If the  Qualifying
Employer  Securities  or interest in this Plan are required to be  registered in
order  to  permit  investment  in the  Qualifying  Employer  Securities  Fund as
provided in this section,  then such  investment will not be effective until the
later  of the  effective  date of the  Plan or the  date  such  registration  or
qualification is effective. The Employer, at its own expense, will take or cause
to be taken any and all such  actions  as may be  necessary  or  appropriate  to
effect such registration or qualification.  Further,  if the Trustee is directed
to  dispose  of any  Qualifying  Employer  Securities  held under the Plan under
circumstances  which require  registration  or  qualification  of the securities
under  applicable  Federal or state  securities laws, then the Employer will, at
its own  expense,  take or cause to be taken  any and all such  action as may be
necessary or appropriate to effect such registration or qualification. Principal
Life  Insurance  Company shall not be responsible  for  compliance  requirements
under Section 16 of the Securities Act.

The Named  Fiduciary  shall have the  authority to designate  investment  funds,
including  those  accounts  available  under  the  Trust or Group  Contracts  as
specified in 4.01, which may include the Qualifying Employer Securities Fund, to
be made available under the Plan for  participant-directed  investment of all or
any portion of the Plan contributions,  as permitted by the Named Fiduciary. The
Named  Fiduciary may, from time to time,  designate  additional  funds with such
investment characteristics as he deems appropriate. The Named Fiduciary may also
terminate any investment fund or modify the investments  characteristics  of any
investment fund as he deems appropriate. The Named Fiduciary may issue rules and
regulations  imposing such  restrictions  and  limitations  on the investment of
contributions  in, and transfer of balances  among,  the investment  funds as it
deems appropriate from time to time.  Participant investment directions shall be
implemented as soon as administratively practicable;  provided however, that the
Named  Fiduciary  may delay the  implementation  of any  Participant  investment
direction when, in his sole discretion, he determines that it would be imprudent
to implement such direction as soon as administratively practicable.

By adding the following to SECTION 5.06 LOANS TO PARTICIPANTS of Article V:

       If the Participant's  Account is held in more than one investment fund at
       the  time of the  loan, the  loan  shall  be made  pro  rata  from  each
       investment fund; provided,  however that the portion of the Participant's
       Account held in the Qualifying  Employer  Securities Fund may be redeemed
       for  purposes  of a loan only after the amount  held in other  investment
       funds has been depleted.

By adding the following to SECTION  6.02b)  OPTIONAL FORMS OF  DISTRIBUTION  AND
DISTRIBUTION REQUIREMENTS OF Article VI:

         Distributions  shall  be made  in cash  or,  at the  discretion  of the
         Participant  or  Beneficiary,  in cash plus the number of whole  shares
         (with  cash  in lieu  of  fractional  shares)  of  Qualifying  Employer
         Securities allocated to the Participant's or Beneficiary's  Accounts in
         the  Qualifying   Employer  Securities  Fund.  If  the  Participant  or
         Beneficiary  elects  cash  distribution  of  all  or  any  part  of the
         Qualifying  Employer  Securities  allocated  to  the  Participant's  or
         Beneficiary's Accounts in the Qualifying Employer Securities Fund, such
         Qualifying   Employer   Securities  shall  be  liquidated  as  soon  as
         administratively feasible following Such election.

By adding to Article VIII the following new SECTION 8.07:

        SECTION 8.07 - VOTING AND TENDER OF QUALIFYING EMPLOYER SECURITIES

Voting  rights  with  respect  to  Qualifying  Employer  Securities  held in the
Qualifying  Employer  Securities  Fund will be passed  through to  Participants.
Participants  will be allowed to direct  the  voting  rights of such  Qualifying
Employer Securities for any matter put to the vote of shareholders.

Before each meeting of shareholders, the Employer shall cause to be sent to each
person  with power to control  such  voting  rights a copy of any notice and any
other  information  provided  to  shareholders  and, if  applicable,  a form for
instructing the Trustee how to vote at such meeting (or any adjournment thereof)
the  number  of full and  fractional  shares  subject  to such  person's  voting
control. The Trustee may establish a deadline in advance of the meeting by which
such forms must be received in order to be effective.

If some or all of the Participants have not directed or have not timely directed
the Trustee on how to vote, then the Trustee shall vote such Qualifying Employer
Securities  in the  same  proportion  as those  shares  of  Qualifying  Employer
Securities for which the Trustee has received proper  direction for such matter,
provided,  however,  that if the Trustee determine that the manner of voting and
the exercise of other  shareholder  rights with respect to  Qualifying  Employer
Securities  held in  Qualifying  Employer  Securities  Fund is not  proper or is
contrary to the provisions of ERISA  (including,  without  limit,  the fiduciary
responsibility  requirements  of  Section  404  of  ERISA),  the  Trustee  shall
disregard such directions and assume  responsibility  for voting or the exercise
of other shareholder  rights with respect to such shares of Qualifying  Employer
Securities held in the Qualifying  Employer  Securities  Fund. If applicable any
unallocated shares will be voted in the same proportion as those shares that are
voted, provided however that if the Trustee determines that the manner of voting
and the exercise of other shareholder rights with respect to Qualifying Employer
Securities held in the Qualifying  Employer  Securities Fund is not proper or is
contrary to the provisions of ERISA  (including,  without  limit,  the fiduciary
responsibility  requirements  of  Section  404  of  ERISA),  the  Trustee  shall
disregard such directions and assume  responsibility  for voting or the exercise
of other shareholder  rights with respect to such shares of Qualifying  Employer
Securities held in the Qualifying Employer Securities Fund.

Tender rights or exchange  offers for  Qualifying  Employer  Securities  will be
passed through to Participants. As soon as practicable after the commencement of
a tender or exchange  offer for  Qualifying  Employer  Securities,  the Employer
shall cause each  person  with power to control  the  response to such tender or
exchange  offer to be  advised  in  writing  the  terms  of the  offer  and,  if
applicable,  to be provided  with a form for  instructing  the  Trustee,  or for
revoking such instruction,  to tender or exchange shares of Qualifying  Employer
Securities,  to the extent  permitted under the terms of such offer. In advising
such persons of the terms of the offer, the Employer may include statements from
the board of directors setting forth its position with respect to the offer.

If some or all of the Participants have not directed or have not timely directed
the Trustee on how to tender,  then the  Trustee  shall  tender such  Qualifying
Employer  Securities  in the same  proportion  as  those  shares  of  Qualifying
Employer Securities for which the Trustee has received proper direction for such
matter,  provided  however,  that if the Trustee  determines  that the manner of
voting and the exercise of other  shareholder  rights wit respect to  Qualifying
Employer  Securities  held in the  Qualifying  Employer  Securities  Fund is not
proper or is contract to the provisions of ERISA (including,  without limit, the
fiduciary  responsibility  requirements  of Section  404 of ERISA),  the Trustee
shall  disregard  such  directions and assume  responsibility  for voting or the
exercise of other  shareholder  rights with respect to such shares of Qualifying
Employer Securities held in the Qualifying Employer Securities Fund.

If the  tender or  exchange  offer is  limited so that all of the share that the
Trustee has been directed to tender or exchange cannot be sold or exchanged, the
shares that each  Participant  directed to be  tendered  or  exchanged  shall be
deemed to have been  sold or  exchanged  in the same  ratio  that the  number of
shares  actually sold or exchanged  bears to the total number of shares that the
Trustee was directed to tender or exchange.

The Trustee shall hold information relating to the purchase, holding and sale of
Qualifying Employer Securities,  and the exercise of voting,  tender and similar
rights,  with respect to such Qualifying Employer Securities by Participants and
Beneficiaries  in accordance with procedures which are designed to safeguard the
confidentiality  of such  information,  except to the extent necessary to comply
with Federal laws or state laws not preempted by ERISA.

The  Named  Fiduciary  shall  appoint  an  independent  fiduciary  to carry  out
activities  relating to any situations in which the Named  Fiduciary  determines
involves  a  potential  for  undue  employer  influence  upon  Participants  and
Beneficiaries  with  regard to the direct or indirect  exercise  of  shareholder
rights.

This amendment is made an integral part of the aforesaid Plan and is controlling
over the terms of said Plan  with  respect  to the  particular  items  addressed
expressly  herein.  All  other  provisions  of the  Plan  remain  unchanged  and
controlling.

Unless otherwise stated on any page of this amendment,  eligibility for benefits
and the amount of any benefits  payable to or on behalf of an individual  who is
an  Inactive  Participant  on the  effective  date(s)  stated  above,  shall  be
determined according to the provisions of the aforesaid Plan as in effect on the
day before he became an Inactive Participant.

Signing this amendment,  the Employer, as plan sponsor, has made the decision to
adopt this plan amendment and the Trustee has consent  thereto.  The Employer is
acting in reliance on its own  discretion and on the legal and tax advice of its
own advisors, and not that of any member of the Principal Financial Group or any
representative of a member company of the Principal Financial Group.

Signed this 20th day of December, 2000.

                                     GARMIN INTERNATIONAL, INC.

                                     By  /s/ Andrew R. Etkind
                                        -------------------------------

                                        General Counsel and Secretary
                                        --------------------------------
                                                    Title

                                                   TRUSTEE:

                                        /s/ Kevin Rauckman
                                        ------------------------------
                                                Kevin RauckmanExhibit 4.1 Form of Stock Purchase Warrant

THESE SECURITIES AND THE SECURITIES ISSUABLE UPON THEIR EXERCISE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY NOT BE TRANSFERRED UNLESS
COVERED BY AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT, A "NO ACTION"
LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION WITH RESPECT TO SUCH
TRANSFER, A TRANSFER MEETING THE REQUIREMENTS OF RULE 144 OF THE SECURITIES AND
EXCHANGE COMMISSION, OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER TO THE
EFFECT THAT ANY SUCH TRANSFER IS EXEMPT FROM SUCH REGISTRATION.

                          SENIOR CARE INDUSTRIES, INC.

                                     WARRANT
                                     -------

                            Dated: December __, 2000

         SENIOR CARE INDUSTRIES, INC. a corporation organized under the laws of
the State of Nevada (the "Company"), hereby certifies that, for value received
Bayview, LLC, a Cayman Islands Limited Liability Company, or its registered
assigns ("Holder"), is entitled, subject to the terms set forth below, to
purchase from the Company up to a total of ____________________ shares of Common
Stock, $.001 par value per share (the "Common Stock"), of the Company (each such
share, a "Warrant Share" and all such shares, the "Warrant Shares") at an
exercise price equal to $____ per share [120% of the average of the closing bid
prices for the five (5) day trading period immediately preceding each "Closing
Date" as defined in the Investment Agreement] (as adjusted from time to time as
provided in Section 8, the "Exercise Price"). This Warrant may be exercised upon
the earlier of (a) one hundred twenty (120) calendar days following issuance and
closing of funding after Holder receives a Put Notice from the Company. This
Warrant will expire on the fifth (5th) anniversary of its issuance (the
"Expiration Date"), and subject to the following terms and conditions:

                  1. REGISTRATION OF WARRANT. The Company shall register this
Warrant, upon records to be maintained by the Company for that purpose (the
"Warrant Register"), in the name of the record Holder hereof from time to time.
The Company may deem and treat the registered Holder of this Warrant as the
absolute owner hereof for the purpose of any exercise hereof or any distribution
to the Holder, and for all other purposes, and the Company shall not be affected
by notice to the contrary.

<PAGE>

                  2. REGISTRATION OF TRANSFERS AND EXCHANGES.

                           (a) The Company shall register the transfer of any
portion of this Warrant in the Warrant Register, upon surrender of this Warrant,
with the Form of Assignment attached hereto duly completed and signed, to the
Transfer Agent or to the Company at the office specified in or pursuant to
Section 3(b). Upon any such registration or transfer, a new warrant to purchase
Common Stock, in substantially the form of this Warrant (any such new warrant, a
"New Warrant"), evidencing the portion of this Warrant so transferred shall be
issued to the transferee and a New Warrant evidencing the remaining portion of
this Warrant not so transferred, if any, shall be issued to the transferring
Holder. The acceptance of the New Warrant by the transferee thereof shall be
deemed the acceptance of such transferee of all of the rights and obligations of
a holder of a Warrant.

                           (b) This Warrant is exchangeable, upon the surrender
hereof by the Holder to the office of the Company specified in or pursuant to
Section 3(b) for one or more New Warrants, evidencing in the aggregate the right
to purchase the number of Warrant Shares which may then be purchased hereunder.
Any such New Warrant will be dated the date of such exchange.

                  3. DURATION AND EXERCISE OF WARRANTS.

                           (a) This Warrant shall be exercisable by the
registered Holder on any business day before 5:00 P.M., New York City time, at
any time and from time to time on or after the date hereof to and including the
Expiration Date. At 5:00 P.M., New York City time on the Expiration Date, the
portion of this Warrant not exercised prior thereto shall be and become void and
of no value. Prior to the Expiration Date, the Company may not call or otherwise
redeem this Warrant without the prior written consent of the Holder.

                           (b) Subject to Sections 2(b), 6 and 10, upon
surrender of this Warrant, with the Form of Election to Purchase attached hereto
duly completed and signed, to the Company at its address for notice set forth in
Section 12 and upon payment of the Exercise Price multiplied by the number of
Warrant Shares that the Holder intends to purchase hereunder, in the manner
provided hereunder, all as specified by the Holder in the Form of Election to
Purchase, the Company shall promptly (but in no event later than 3 business days
after the Date of Exercise (as defined herein)) issue or cause to be issued and
cause to be delivered to or upon the written order of the Holder and in such
name or names as the Holder may designate, a certificate for the Warrant Shares
issuable upon such exercise, free of restrictive legends except (i) either in
the event that a registration statement covering the resale of the Warrant
Shares and naming the Holder as a selling stockholder thereunder is not then
effective or the Warrant Shares are not freely transferable without volume
restrictions pursuant to Rule 144(k) promulgated under the Securities Act of
1933, as amended (the "Securities Act"), or (ii) if this Warrant shall have been
issued pursuant to a written agreement between the original Holder and the
Company, as required by such agreement. Any person so designated by the Holder
to receive Warrant Shares shall be deemed to have become holder of record of
such Warrant Shares as of the Date of Exercise (as defined in this subsection)
of this Warrant.

                           A "Date of Exercise" means the date on which the
Company shall have received (i) this Warrant (or any New Warrant, as
applicable), with the Form of Election to Purchase attached hereto (or attached
to such New Warrant) appropriately completed and duly signed, and (ii) payment
of the Exercise Price for the number of Warrant Shares so indicated by the
holder hereof to be purchased.

<PAGE>

                           (c) This Warrant shall be exercisable, either in its
entirety or, from time to time, for a portion of the number of Warrant Shares.
If less than all of the Warrant Shares which may be purchased under this Warrant
are exercised at any time, the Company shall issue or cause to be issued, at its
expense, a New Warrant evidencing the right to purchase the remaining number of
Warrant Shares for which no exercise has been evidenced by this Warrant. In the
event the Common Stock representing the Warrant Shares is not delivered per the
written instructions of the Purchaser, within fifteen (15) business days after
the Notice of Election and Warrant is received by the Company (the "Delivery
Date"), then in such event the Company shall pay to Holder one-half percent
(0.5%) in cash, of the dollar value of the Warrant Shares to be issued per each
day after the Delivery Date that the Warrant Shares are not delivered. The
Company acknowledges that its failure to deliver the Warrant Shares by the
Delivery Date will cause the Holder to suffer damages in an amount that will be
difficult to ascertain. Accordingly, the parties agree that it is appropriate to
include in this Warrant a provision for liquidated damages. The parties
acknowledge and agree that the liquidated damages provision set forth in this
section represents the parties' good faith effort to quantify such damages and,
as such, agree that the form and amount of such liquidated damages are
reasonable and will not constitute a penalty. The payment of liquidated damages
shall not relieve the Company from its obligations to deliver the Common Stock
pursuant to the terms of this Warrant. To the extent that the failure of the
Company to issue the Common Stock pursuant to this Section is due to the
unavailability of authorized but unissued shares of Common Stock, the provisions
of this Section 3 shall not apply but instead the provisions of Section 7 shall
apply. The Company shall make any payments incurred under this Section 3 in
immediately available funds within ten (10) business days from the date of
issuance of the applicable Warrant Shares. Nothing herein shall limit Holder's
right to pursue actual damages or cancel the Notice of Election for the
Company's failure to issue and deliver Common Stock to the Holder within ten
(10) business days following the Delivery Date.

                  4. PIGGYBACK REGISTRATION RIGHTS. During the term of this
Warrant, the Company may not file any registration statement with the Securities
and Exchange Commission (other than registration statements of the Company filed
on Form S-8 or Form S-4, each as promulgated under the Securities Act, pursuant
to which the Company is registering securities pursuant to a Company employee
benefit plan or pursuant to a merger, acquisition or similar transaction
including supplements thereto, but not additionally filed registration
statements in respect of such securities) at any time when there is not an
effective registration statement covering the resale of the Warrant Shares and
naming the Holder as a selling stockholder thereunder (unless the Warrant Shares
are otherwise freely transferable without volume restrictions pursuant to Rule
144(k) promulgated under the Act), unless the Company provides the Holder with
not less than twenty (20) calendar days notice of its intention to file such
registration statement and provides the Holder the option to include any or all
of the applicable Warrant Shares therein. The piggyback registration rights
granted to the Holder pursuant to this Section shall continue until all of the
Holder's Warrant Shares have been sold in accordance with an effective
registration statement or upon the Expiration Date. The Company will pay all
registration expenses in connection therewith.

<PAGE>

                  5. PAYMENT OF TAXES. The Company will pay all documentary
stamp taxes attributable to the issuance of Warrant Shares upon the exercise of
this Warrant; provided, however, that the Company shall not be required to pay
any tax which may be payable in respect of any transfer involved in the
registration of any certificates for Warrant Shares or Warrants in a name other
than that of the Holder. The Holder shall be responsible for all other tax
liability that may arise as a result of holding or transferring this Warrant or
receiving Warrant Shares upon exercise hereof.

                  6. REPLACEMENT OF WARRANT. If this Warrant is mutilated, lost,
stolen or destroyed, the Company shall issue or cause to be issued in exchange
and substitution for and upon cancellation hereof, or in lieu of and
substitution for this Warrant, a New Warrant, but only upon receipt of evidence
reasonably satisfactory to the Company of such loss, theft or destruction and
indemnity, if requested, satisfactory to it. Applicants for a New Warrant under
such circumstances shall also comply with such other reasonable regulations and
procedures and pay such other reasonable charges as the Company may prescribe.

                  7. RESERVATION OF WARRANT SHARES. The Company covenants that
it will at all times reserve and keep available out of the aggregate of its
authorized but unissued Common Stock, solely for the purpose of enabling it to
issue Warrant Shares upon exercise of this Warrant as herein provided, the
number of Warrant Shares which are then issuable and deliverable upon the
exercise of this entire Warrant, free from preemptive rights or any other actual
contingent purchase rights of persons other than the Holder (taking into account
the adjustments and restrictions of Section 8). The Company covenants that all
Warrant Shares that shall be so issuable and deliverable shall, upon issuance
and the payment of the applicable Exercise Price in accordance with the terms
hereof, be duly and validly authorized, issued and fully paid and nonassessable.
In the event the Company fails to have sufficient authorized but unissued Common
Stock to allow for the issuance of Warrant Shares upon the exercise of the
Warrant the Company shall be liable for liquidated damages in the amount of 2%
interest per thirty calendar day period on the value of the Warrant Shares based
on the closing bid price of the Company's Common Stock on the business day prior
to the Company's receipt of its Election to Purchase. The damages shall accrue
until the Common Stock is issued.

                  8. CERTAIN ADJUSTMENTS. The Exercise Price and number of
Warrant Shares issuable upon exercise of this Warrant are subject to adjustment
from time to time as set forth in this Section 8. Upon each such adjustment of
the Exercise Price pursuant to this Section 8, the Holder shall thereafter prior
to the Expiration Date be entitled to purchase, at the Exercise Price resulting
from such adjustment, the number of Warrant Shares obtained by multiplying the
Exercise Price in effect immediately prior to such adjustment by the number of
Warrant Shares issuable upon exercise of this Warrant immediately prior to such
adjustment and dividing the product thereof by the Exercise Price resulting from
such adjustment.

<PAGE>

                           (a) If the Company, at any time while this Warrant is
outstanding, (i) shall pay a stock dividend (except scheduled dividends paid on
outstanding preferred stock as of the date hereof which contain a stated
dividend rate) or otherwise make a distribution or distributions on shares of
its Common Stock or on any other class of capital stock and not the Common Stock
payable in shares of Common Stock, (ii) subdivide outstanding shares of Common
Stock into a larger number of shares, or (iii) combine outstanding shares of
Common Stock into a smaller number of shares, the Exercise Price shall be
multiplied by a fraction of which the numerator shall be the number of shares of
Common Stock (excluding treasury shares, if any) outstanding before such event
and of which the denominator shall be the number of shares of Common Stock
(excluding treasury shares, if any) outstanding after such event. Any adjustment
made pursuant to this Section shall become effective immediately after the
record date for the determination of stockholders entitled to receive such
dividend or distribution and shall become effective immediately after the
effective date in the case of a subdivision or combination, and shall apply to
successive subdivisions and combinations.

                           (b) In case of any reclassification of the Common
Stock, any consolidation or merger of the Company with or into another person,
the sale or transfer of all or substantially all of the assets of the Company or
any compulsory share exchange pursuant to which the Common Stock is converted
into other securities, cash or property, then the Holder shall have the right
thereafter to exercise this Warrant only into the shares of stock and other
securities and property receivable upon or deemed to be held by holders of
Common Stock following such reclassification, consolidation, merger, sale,
transfer or share exchange, and the Holder shall be entitled upon such event to
receive such amount of securities or property equal to the amount of Warrant
Shares such Holder would have been entitled to had such Holder exercised this
Warrant immediately prior to such reclassification, consolidation, merger, sale,
transfer or share exchange. The terms of any such consolidation, merger, sale,
transfer or share exchange shall include such terms so as to continue to give to
the Holder the right to receive the securities or property set forth in this
Section 9(b) upon any exercise following any such reclassification,
consolidation, merger, sale, transfer or share exchange.

                           (c) If the Company, at any time while this Warrant is
outstanding, shall distribute to all holders of Common Stock (and not to holders
of this Warrant) evidences of its indebtedness or assets or rights or warrants
to subscribe for or purchase any security (excluding those referred to in
Sections 8(a), (b) and (d)), then in each such case the Exercise Price shall be
determined by multiplying the Exercise Price in effect immediately prior to the
record date fixed for determination of stockholders entitled to receive such
distribution by a fraction of which the denominator shall be the Exercise Price
determined as of the record date mentioned above, and of which the numerator
shall be such Exercise Price on such record date less the then fair market value
at such record date of the portion of such assets or evidence of indebtedness so
distributed applicable to one outstanding share of Common Stock as determined by
the Company's independent certified public accountants that regularly examines
the financial statements of the Company (an "Appraiser").

<PAGE>

                           (d) If, at any time while this Warrant is
outstanding, the Company shall issue or cause to be issued rights or warrants to
acquire or otherwise sell or distribute shares of Common Stock for a
consideration per share less than the Exercise Price then in effect, then,
forthwith upon such issue or sale, the Exercise Price shall be reduced to the
price (calculated to the nearest cent) determined by multiplying the Exercise
Price in effect immediately prior thereto by a fraction, the numerator of which
shall be the sum of (i) the number of shares of Common Stock outstanding
immediately prior to such issuance, and (ii) the number of shares of Common
Stock which the aggregate consideration received (or to be received, assuming
exercise or conversion in full of such rights, warrants and convertible
securities) for the issuance of such additional shares of Common Stock would
purchase at the Exercise Price, and the denominator of which shall be the sum of
the number of shares of Common Stock outstanding immediately after the issuance
of such additional shares. Such adjustment shall be made successively whenever
such an issuance is made.

                           (e) For the purposes of this Section 8, the following
clauses shall also be applicable:

                                    (i) RECORD DATE. In case the Company shall
take a record of the holders of its Common Stock for the purpose of entitling
them (A) to receive a dividend or other distribution payable in Common Stock or
in securities convertible or exchangeable into shares of Common Stock, or (B) to
subscribe for or purchase Common Stock or securities convertible or exchangeable
into shares of Common Stock, then such record date shall be deemed to be the
date of the issue or sale of the shares of Common Stock deemed to have been
issued or sold upon the declaration of such dividend or the making of such other
distribution or the date of the granting of such right of subscription or
purchase, as the case may be.

                                    (ii) TREASURY SHARES. The number of shares
of Common Stock outstanding at any given time shall not include shares owned or
held by or for the account of the Company, and the disposition of any such
shares shall be considered an issue or sale of Common Stock.

                           (f) All calculations under this Section 8 shall be
made to the nearest cent or the nearest 1/100th of a share, as the case may be.

                           (g) Whenever the Exercise Price is adjusted pursuant
to Section 8(c) above, the Holder, after receipt of the determination by the
Appraiser, shall have the right to select an additional appraiser (which shall
be a nationally recognized accounting firm), in which case the adjustment shall
be equal to the average of the adjustments recommended by each of the Appraiser
and such appraiser. The Holder shall promptly mail or cause to be mailed to the
Company, a notice setting forth the Exercise Price after such adjustment and
setting forth a brief statement of the facts requiring such adjustment. Such
adjustment shall become effective immediately after the record date mentioned
above.

                           (h) If:

                                    (i)   the Company shall declare a dividend
                                          (or any other distribution) on its
                                          Common Stock; or

<PAGE>

                                    (ii)  the Company shall declare a special
                                          nonrecurring cash dividend on or a
                                          redemption of its Common Stock; or

                                    (iii) the Company shall authorize the
                                          granting to all holders of the Common
                                          Stock rights or warrants to subscribe
                                          for or purchase any shares of capital
                                          stock of any class or of any rights;
                                          or

                                    (iv)  the approval of any stockholders of
                                          the Company shall be required in
                                          connection with any reclassification
                                          of the Common Stock of the Company,
                                          any consolidation or merger to which
                                          the Company is a party, any sale or
                                          transfer of all or substantially all
                                          of the assets of the Company, or any
                                          compulsory share exchange whereby the
                                          Common Stock is converted into other
                                          securities, cash or property; or

                                    (v)   the Company shall authorize the
                                          voluntary dissolution, liquidation or
                                          winding up of the affairs of the
                                          Company,

then the Company shall cause to be mailed to each Holder at their last addresses
as they shall appear upon the Warrant Register, at least 30 calendar days prior
to the applicable record or effective date hereinafter specified, a notice
stating (x) the date on which a record is to be taken for the purpose of such
dividend, distribution, redemption, rights or warrants, or if a record is not to
be taken, the date as of which the holders of Common Stock of record to be
entitled to such dividend, distributions, redemption, rights or warrants are to
be determined or (y) the date on which such reclassification, consolidation,
merger, sale, transfer or share exchange is expected to become effective or
close, and the date as of which it is expected that holders of Common Stock of
record shall be entitled to exchange their shares of Common Stock for
securities, cash or other property deliverable upon such reclassification,
consolidation, merger, sale, transfer, share exchange, dissolution, liquidation
or winding up; provided, however, that the failure to mail such notice or any
defect therein or in the mailing thereof shall not affect the validity of the
corporate action required to be specified in such notice.

                  9. PAYMENT OF EXERCISE PRICE. The Holder may pay the Exercise
Price in one of the following manners:

                           (a) CASH EXERCISE. The Holder shall deliver
immediately available funds; or

                           (b) CASHLESS EXERCISE. The Holder shall surrender
this Warrant to the Company together with a notice of cashless exercise, in
which event the Company shall issue to the Holder the number of Warrant Shares
determined as follows:

<PAGE>

                                  X = Y (A-B)/A
         where:
                                  X = the number of Warrant Shares to be issued
                                  to the Holder.

                                  Y = the number of Warrant Shares with respect
                                  to which this Warrant is being exercised.

                                  A = the closing bid price of the Common Stock
                                  for the trading day immediately prior to the
                                  Date of Exercise.

                                  B = the Exercise Price.

For purposes of Rule 144 promulgated under the Securities Act, it is intended,
understood and acknowledged that the Warrant Shares issued in a cashless
exercise transaction shall be deemed to have been acquired by the Holder, and
the holding period for the Warrant Shares shall be deemed to have been
commenced, on the issue date.

                           (c) The Holder is limited in the amount of this
Warrant it may exercise. In no event shall the Holder be entitled to exercise
any amount of this Warrant in excess of that amount upon exercise of which the
sum of (1) the number of shares of Common Stock beneficially owned (as such term
is defined under Section 13(d) and Rule 13d-3 of the Securities Exchange Act of
1934 (the 1934 Act")) by the Holder, and (2) the number of Warrant Shares
issuable upon the exercise of any Warrants then owned by Holder, would result in
beneficial ownership by the Holder of more than 4.99% of the outstanding shares
of Common Stock of the Company, as determined in accordance with Rule13d-1(j).
Furthermore, the Company shall not process any exercise that would result in
beneficial ownership by the Holder of more than 4.99% of the outstanding shares
of Common Stock of the Company.

                  10. FRACTIONAL SHARES. The Company shall not be required to
issue or cause to be issued fractional Warrant Shares on the exercise of this
Warrant. The number of full Warrant Shares which shall be issuable upon the
exercise of this Warrant shall be computed on the basis of the aggregate number
of Warrant Shares purchasable on exercise of this Warrant so presented. If any
fraction of a Warrant Share would, except for the provisions of this Section 10,
be issuable on the exercise of this Warrant, the Company shall pay an amount in
cash equal to the Exercise Price multiplied by such fraction.

<PAGE>

                  11. NOTICES. Any and all notices or other communications or
deliveries hereunder shall be in writing and shall be deemed given and effective
on the earliest of (i) the date of transmission, if such notice or communication
is delivered via facsimile at the facsimile telephone number specified in this
Section prior to 5:00 p.m. (New York City time) on a business day, (ii) the
business day after the date of transmission, if such notice or communication is
delivered via facsimile at the facsimile telephone number specified in this
Section later than 5:00 p.m. (New York City time) on any date and earlier than
11:59 p.m. (New York City time) on such date, (iii) the business day following
the date of mailing, if sent by nationally recognized overnight courier service,
or (iv) upon actual receipt by the party to whom such notice is required to be
given. The addresses for such communications shall be: (i) IF TO THE COMPANY,
to, Senior Care Industries, Inc. Attention: Stephen Reeder, CEO, 410 Broadway,
2nd Floor, Laguana Beach, CA 92651 Telephone: 949-376-3125 or (ii) IF TO THE
HOLDER, to the Holder at the address or facsimile number appearing on the
Warrant Register or such other address or facsimile number as the Holder may
provide to the Company in accordance with this Section 11.

                  12. WARRANT AGENT. The Company shall serve as warrant agent
under this Warrant. Upon thirty (30) days' notice to the Holder, the Company may
appoint a new warrant agent. Any corporation into which the Company or any new
warrant agent may be merged or any corporation resulting from any consolidation
to which the Company or any new warrant agent shall be a party or any
corporation to which the Company or any new warrant agent transfers
substantially all of its corporate trust or shareholders services business shall
be a successor warrant agent under this Warrant without any further act. Any
such successor warrant agent shall promptly cause notice of its succession as
warrant agent to be mailed (by first class mail, postage prepaid) to the Holder
at the Holder's last address as shown on the Warrant Register.

                  13. MISCELLANEOUS.

                           (a) This Warrant shall be binding on and inure to the
benefit of the parties hereto and their respective successors and assigns. This
Warrant may be amended only in writing signed by the Company and the Holder and
their successors and assigns.

                           (b) Subject to Section 13(a), above, nothing in this
Warrant shall be construed to give to any person or corporation other than the
Company and the Holder any legal or equitable right, remedy or cause under this
Warrant. This Warrant shall inure to the sole and exclusive benefit of the
Company and the Holder.

                           (c) This Warrant shall be governed by and construed
and enforced in accordance with the laws of the State of California without
regard to the principles of conflicts of law thereof. The Company and the Holder
hereby irrevocably submit to the exclusive jurisdiction of the state and federal
courts sitting in the City of Los Angeles for the adjudication of any dispute
hereunder or in connection herewith or with any transaction contemplated hereby
or discussed herein, and hereby irrevocably waives, and agrees not to assert in
any suit, action or proceeding, any claim that it is not personally subject to
the jurisdiction of any such court, or that such suit, action or proceeding is
improper. Each of the Company and the Holder hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action
or proceeding by receiving a copy thereof sent to the Company at the address in
effect for notices to it under this instrument and agrees that such service
shall constitute good and sufficient service of process and notice thereof.
Nothing contained herein shall be deemed to limit in any way any right to serve
process in any manner permitted by law.

<PAGE>

                           (d) The headings herein are for convenience only, do
not constitute a part of this Warrant and shall not be deemed to limit or affect
any of the provisions hereof.

                           (e) In case any one or more of the provisions of this
Warrant shall be invalid or unenforceable in any respect, the validity and
enforceability of the remaining terms and provisions of this Warrant shall not
in any way be affected or impaired thereby and the parties will attempt in good
faith to agree upon a valid and enforceable provision which shall be a
commercially reasonable substitute therefor, and upon so agreeing, shall
incorporate such substitute provision in this Warrant.

                  IN WITNESS WHEREOF, the Company has caused this Warrant to be
duly executed by its authorized officer as of the date first indicated above.

                                     SENIOR CARE INDUSTRIES, INC.

                                       By:
                                        -----------------------------
                                        Stephen Reeder, CEO

<PAGE>

                          FORM OF ELECTION TO PURCHASE

(To be executed by the Holder to exercise the right to purchase shares of Common
Stock under the foregoing Warrant)

To: Senior Care Industries, Inc.

         In accordance with the Warrant enclosed with this Form of Election to
Purchase, the undersigned hereby irrevocably elects to purchase _____________
shares of Common Stock ("Common Stock"), $.001 par value per share, of Senior
Care Industries, Inc., and, if such Holder is not utilizing the cashless
exercise provisions set forth in this Warrant, encloses herewith $________ in
cash, certified or official bank check or checks, which sum represents the
aggregate Exercise Price (as defined in the Warrant) for the number of shares of
Common Stock to which this Form of Election to Purchase relates, together with
any applicable taxes payable by the undersigned pursuant to the Warrant.

         The undersigned requests that certificates for the shares of Common
Stock issuable upon this exercise be issued in the name of

                                            PLEASE INSERT SOCIAL SECURITY OR
                                            TAX IDENTIFICATION NUMBER

                         (Please print name and address)

         If the number of shares of Common Stock issuable upon this exercise
shall not be all of the shares of Common Stock which the undersigned is entitled
to purchase in accordance with the enclosed Warrant, the undersigned requests
that a New Warrant (as defined in the Warrant) evidencing the right to purchase
the shares of Common Stock not issuable pursuant to the exercise evidenced
hereby be issued in the name of and delivered to:

                                    (Please print name and address)

Dated:  ______________, ____         Name of Holder:

                                     (Print)

                                      (By:)
                                     (Name:)
                                    (Title:)
                                     (Signature must conform in all respects to
                                     name of holder as specified on the face of
                                     the Warrant)

<PAGE>

                               FORM OF ASSIGNMENT

           [To be completed and signed only upon transfer of Warrant]

         FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto ________________________________ the right represented by the within
Warrant to purchase ____________ shares of Common Stock of Senior Care
Industries, Inc. to which the within Warrant relates and appoints
________________ attorney to transfer said right on the books of Senior Care
Industries, Inc. with full power of substitution in the premises.

Dated:

---------------, ----

                              ---------------------------------------
                              (Signature must conform in all respects to name of
                              holder as specified on the face of the Warrant)

                              ---------------------------------------
                              Address of Transferee

                              ---------------------------------------

                              ---------------------------------------

In the presence of:

--------------------------

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