Document:

To:   ENERGTEK INC.

                                 ENERGTEK, INC.
        REGULATION S SUBSCRIPTION AGREEMENT AND INVESTMENT REPRESENTATION

                                    SECTION 1

      1.1   Subscription.

      (a) The  undersigned,  intending to be legally bound,  hereby  irrevocably
subscribes for and agrees to purchase  ____________ Units (hereafter defined) to
be issued by Energtek Inc., a Nevada  corporation (the "Company") in an offshore
transaction negotiated outside the U.S. and to be consummated and closed outside
the U.S.  The  Company is  directly  offering  for sale  3,330,000  Units for an
aggregate gross proceeds of $495,000. A "Unit" shall consist of the following:

            (1)   one share of Common Stock (a "Purchased Share");

            (2)   one  Class A  Warrant,  as  further  described  in the Class A
                  Warrant Agreement  attached hereto as Exhibit A, entitling the
                  undersigned  to  purchase  one  share  of  Common  Stock at an
                  exercise  price of $0.30 per share,  expiring on June 30, 2008
                  (a "Class A Warrant"); and

            (3)   one  Class B  Warrant,  as  further  described  in the Class B
                  Warrant Agreement  attached hereto as Exhibit B, entitling the
                  undersigned  to  purchase  one  share  of  Common  Stock at an
                  exercise  price of $0.45 per share,  expiring on December  31,
                  2009 (a  "Class B  Warrant,  and  together  with  the  Class A
                  Warrant, the "Warrants").

      The  Warrants  are  redeemable  by the Company at any time at a redemption
price of $0.05 per Warrant.

      (b) For purposes of this Subscription Agreement:

            (1)   "Common Stock" means the common stock of the Company.

            (2)   "Securities"  means the Purchased Shares, the Warrants and the
                  Warrant Shares.

            (3)   "Warrant  Shares"  means the shares of Common  Stock  issuable
                  upon due exercise of the Warrants.

<PAGE>

      1.2 Purchase of Units.

      The undersigned understands and acknowledges that the purchase price to be
remitted to the Company in exchange for the Units shall be four  hundred  ninety
five  thousand  dollars  ($495,000)  or $0.15  per Unit.  Simultaneous  with the
execution and delivery of this Agreement,  including the Investor  Questionnaire
annexed hereto,  the undersigned shall deliver to the Company the aforementioned
purchase  price  by  wire  transfer  of  immediately   available   funds.   Wire
instructions are attached hereto as Appendix A.

      1.3 Acceptance or Rejection.

      (a) The undersigned  understands and agrees that the Company  reserves the
right to reject this subscription for the Units if, in its reasonable  judgment,
it deems such action in the best  interest of the Company,  at any time prior to
the  Closing,  notwithstanding  prior  receipt by the  undersigned  of notice of
acceptance of the undersigned's subscription.

      (b) The undersigned  understands and agrees that its  subscription for the
Units is irrevocable.

      (c) In the event the sale of the Units  subscribed for by the  undersigned
is  not  consummated  by the  Company  for  any  reason  (in  which  event  this
Subscription  Agreement  shall be  deemed  to be  rejected),  this  Subscription
Agreement and any other  agreement  entered into between the undersigned and the
Company relating to this  subscription  shall thereafter have no force or effect
and the Company shall promptly return or cause to be returned to the undersigned
the purchase price remitted to the Company by the undersigned,  without interest
thereon or deduction therefrom, in exchange for the Units.

                                    SECTION 2

      2.1 Closing

      The closing (the  "Closing") of the purchase and sale of the Units,  shall
occur  simultaneously  with the  acceptance by the Company of the  undersigned's
subscription,  as evidenced  by the  Company's  execution  of this  Subscription
Agreement.

                                    SECTION 3

      3.1 Investor Representations and Warranties.

      The  undersigned  hereby  acknowledges,  represents  and  warrants to, and
agrees with, the Company and its affiliates as follows:

      (a) The  undersigned  is acquiring the  Securities  for his own account as
principal, not as a nominee or agent, for investment purposes only, and not with
a view to, or for, resale, distribution or fractionalization thereof in whole or
in part and no other person has a direct or indirect beneficial interest in such
Securities or any portion  thereof.  Further,  the undersigned does not have any
contract,  undertaking,  agreement  or  arrangement  with  any  person  to sell,
transfer or grant  participations  to such person or to any third  person,  with
respect to the Securities  for which the  undersigned is subscribing or any part
of the Securities.

                                      -2-
<PAGE>

      (b) The  undersigned  has full  power  and  authority  to enter  into this
Agreement,   the  execution  and  delivery  of  this  Agreement  has  been  duly
authorized,  if applicable,  and this Agreement  constitutes a valid and legally
binding obligation of the undersigned.

      (c) The  undersigned is not  subscribing for the Securities as a result of
or  subsequent  to any  advertisement,  article,  notice or other  communication
published  in any  newspaper,  magazine  or  similar  media  or  broadcast  over
television or radio, or presented at any seminar or meeting, or any solicitation
of a  subscription  by  person  previously  not  known  to  the  undersigned  in
connection with investment securities generally.

      (d) The undersigned understands that the Company is under no obligation to
register  the  Securities  under the  Securities  Act of 1933,  as amended  (the
"Securities Act"), or to assist the undersigned in complying with the Securities
Act or the  securities  laws of any state of the United States or of any foreign
jurisdiction.

      (e) The undersigned is (i)  experienced in making  investments of the kind
described in this Agreement and the related  documents,  (ii) able, by reason of
the  business  and  financial  experience  of its  officers  (if an entity)  and
professional  advisors (who are not affiliated with or compensated in any way by
the  Company or any of its  affiliates  or selling  agents),  to protect its own
interests in connection with the transactions  described in this Agreement,  and
the  related  documents,  and  (iii)  able  to  afford  the  entire  loss of its
investment in the  Securities.  The  undersigned  further  understands  that the
Company currently has no business or operations and although it is contemplating
entering the field of clean energy  technologies,  the Company  currently has no
agreements or arrangements with any persons in connection therewith.

      (f) The undersigned  acknowledges his understanding  that the offering and
sale of the Purchased  Shares,  Warrants and the issuance of the Warrant  Shares
upon due  exercise of the  Warrants  is intended to be exempt from  registration
under the  Securities  Act.  In  furtherance  thereof,  in addition to the other
representations  and warranties of the undersigned made herein,  the undersigned
further  represents  and  warrants  to and  agrees  with  the  Company  and  its
affiliates as follows:

            (i)   The undersigned  realizes that the basis for the exemption may
                  not be present if,  notwithstanding such representations,  the
                  undersigned has in mind merely  acquiring the Securities for a
                  fixed or  determinable  period in the future,  or for a market
                  rise, or for sale if the market does not rise. The undersigned
                  does not have any such intention;

                                      -3-
<PAGE>

            (ii)  The undersigned has the financial ability to bear the economic
                  risk of his  investment,  has adequate means for providing for
                  his current needs and personal  contingencies  and has no need
                  for liquidity with respect to his investment in the Company;

            (iii) The undersigned has such knowledge and experience in financial
                  and business matters as to be capable of evaluating the merits
                  and risks of the prospective investment in the Securities. The
                  undersigned  also represents it has not been organized for the
                  purpose of acquiring the Securities;

            (iv)  The  undersigned  has  been  provided  an  opportunity  for  a
                  reasonable  period of time prior to the date  hereof to obtain
                  additional   information   concerning   the  offering  of  the
                  Securities,  the  Company  and all  other  information  to the
                  extent the Company  possesses such  information or can acquire
                  it without unreasonable effort or expense; and

            (v)   The  undersigned  has carefully  reviewed all of the Company's
                  filings under the Securities  Exchange Act of 1934, as amended
                  (the "Exchange Act").

      (g) The  undersigned  is not relying on the Company,  or its affiliates or
agents with respect to economic considerations involved in this investment.  The
undersigned has relied solely on its own advisors.

      (h) No  representations or warranties have been made to the undersigned by
the Company,  or any officer,  employee,  agent,  affiliate or subsidiary of the
Company,  other than the representations of the Company contained herein, and in
subscribing  for Units the  undersigned is not relying upon any  representations
other than those contained herein.

      (i) Any  resale of the  Securities  during  the  `distribution  compliance
period'  as  defined  in Rule  902(f)  to  Regulation  S  shall  only be made in
compliance with exemptions from registration  afforded by Regulation S. Further,
any such sale of the Securities in any jurisdiction outside of the United States
will be made in compliance  with the securities laws of such  jurisdiction.  The
Investor  will  not  offer to sell or sell the  Securities  in any  jurisdiction
unless the Investor obtains all required consents, if any.

      (j) The undersigned  understands that the Securities are being offered and
sold in reliance on an exemption from the  registration  requirements  of United
States federal and state  securities laws under  Regulation S promulgated  under
the  Securities  Act and that the Company is relying upon the truth and accuracy
of   the   representations,    warranties,   agreements,   acknowledgments   and
understandings  of the  Investor  set  forth  herein in order to  determine  the
applicability  of such exemptions and the suitability of the Investor to acquire
the Securities. In this regard, the undersigned represents,  warrants and agrees
that:

                                      -4-
<PAGE>

                  1.    The undersigned is an U.S. Person (as defined below) and
                        is not an affiliate (as defined in Rule 501(b) under the
                        Securities  Act) of the Company and is not acquiring the
                        Securities for the account or benefit of a U.S.  Person.
                        A U.S. Person means any one of the following:

                  o     any  natural  person  resident  in the United  States of
                        America;

                  o     any partnership or corporation organized or incorporated
                        under the laws of the United States of America;

                  o     any estate of which any executor or  administrator  is a
                        U.S. person;

                  o     any trust of which any trustee is a U.S. person;

                  o     any agency or branch of a foreign  entity located in the
                        United States of America;

                  o     any non-discretionary  account or similar account (other
                        than an  estate  or  trust)  held by a  dealer  or other
                        fiduciary for the benefit or account of a U.S. person;

                  o     any discretionary account or similar account (other than
                        an estate or trust) held by a dealer or other  fiduciary
                        organized,  incorporated or (if an individual)  resident
                        in the United States of America; and

                  o     any partnership or corporation if:

            (A)  organized  or  incorporated  under  the  laws  of  any  foreign
            jurisdiction; and

            (B) formed by a U.S. person principally for the purpose of investing
            in securities not registered  under the Securities Act, unless it is
            organized or  incorporated,  and owned, by accredited  investors (as
            defined in Rule 501(a) under the Securities Act) who are not natural
            persons, estates or trusts.

                                      -5-
<PAGE>

                  2.    At the time of the  origination  of  contact  concerning
                        this  Agreement  and  the  date  of  the  execution  and
                        delivery of this Agreement,  the undersigned was outside
                        of the United States.

                  3.    The undersigned  will not, during the period  commencing
                        on the  date of  issuance  of the  Purchased  Shares  or
                        Warrants  and  ending on the first  anniversary  of such
                        date,  or such  shorter  period as may be  permitted  by
                        Regulation  S or other  applicable  securities  law (the
                        "Restricted  Period"),  offer, sell, pledge or otherwise
                        transfer  the  Purchased  Shares or the  Warrants in the
                        United  States,  or to a U.S.  Person for the account or
                        for the  benefit of a U.S.  Person,  or  otherwise  in a
                        manner that is not in compliance with Regulation S.

                  4.    The undersigned will, after expiration of the Restricted
                        Period,  offer,  sell, pledge or otherwise  transfer the
                        Purchased   Shares  or   Warrants   only   pursuant   to
                        registration  under the  Securities  Act or an available
                        exemption   therefrom   and,  in  accordance   with  all
                        applicable state and foreign securities laws.

                  5.    The  undersigned  was not in the United States,  engaged
                        in, and prior to the expiration of the Restricted Period
                        will not engage in, any short  selling of or any hedging
                        transaction  with respect to the  Securities,  including
                        without  limitation,  any  put,  call  or  other  option
                        transaction, option writing or equity swap.

                  6.    Neither the  undersigned nor or any person acting on his
                        behalf has  engaged,  nor will  engage,  in any directed
                        selling  efforts to a U.S.  Person  with  respect to the
                        Securities and the Investor and any person acting on his
                        behalf have  complied and will comply with the "offering
                        restrictions"  requirements  of  Regulation  S under the
                        Securities Act.

                  7.    The transactions contemplated by this Agreement have not
                        been  pre-arranged  with a buyer  located  in the United
                        States or with a U.S. Person, and are not part of a plan
                        or scheme to evade the registration  requirements of the
                        Securities Act.

                  8.    Neither  the  undersigned  nor any person  acting on his
                        behalf has  undertaken  or carried out any  activity for
                        the purpose of, or that could  reasonably be expected to
                        have the  effect  of,  conditioning  the  market  in the
                        United States,  its territories or possessions,  for any
                        of the Securities.  The undersigned  agrees not to cause
                        any  advertisement  of the Securities to be published in
                        any  newspaper  or  periodical  or posted in any  public
                        place  and not to issue  any  circular  relating  to the
                        Securities,  except such advertisements that include the
                        statements required by Regulation S under the Securities
                        Act,  and  only  offshore  and  not in the  U.S.  or its
                        territories,  and  only in  compliance  with  any  local
                        applicable securities laws.

                                      -6-
<PAGE>

                  9.    Each  certificate  representing  the Securities shall be
                        endorsed with the following legends,  in addition to any
                        other legend required to be placed thereon by applicable
                        federal or state securities laws:

                              (A) "THE SECURITIESARE  BEING OFFERED TO INVESTORS
                        WHO ARE NOT U.S.  PERSONS  (AS DEFINED IN  REGULATION  S
                        UNDER  THE  SECURITIES  ACT OF 1933,  AS  AMENDED  ("THE
                        SECURITIES  ACT"))  AND  WITHOUT  REGISTRATION  WITH THE
                        UNITED STATES  SECURITIES AND EXCHANGE  COMMISSION UNDER
                        THE  SECURITIES  ACT  IN  RELIANCE  UPON   REGULATION  S
                        PROMULGATED UNDER THE SECURITIES ACT."

                              (B) "TRANSFER OF THESE  SECURITIES IS  PROHIBITED,
                        EXCEPT IN ACCORDANCE  WITH THE  PROVISIONS OF REGULATION
                        S, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR
                        PURSUANT  TO  AVAILABLE   EXEMPTION  FROM  REGISTRATION.
                        HEDGING  TRANSACTIONS  MAY NOT BE  CONDUCTED  UNLESS  IN
                        COMPLIANCE WITH THE SECURITIES ACT."

                  10.   The  undersigned   consents  to  the  Company  making  a
                        notation  on its records or giving  instructions  to any
                        transfer  agent of the Company in order to implement the
                        restrictions  on transfer of the Securities set forth in
                        this Section 2.

      (k) The undersigned is an "accredited investor" as that term is defined in
Rule 501 of the General Rules and Regulations under the Securities Act by reason
of Rule 501(a)(3).

      (l) The undersigned  understands that an investment in the Securities is a
speculative  investment  which  involves a high degree of risk and the potential
loss of his entire investment.

                                      -7-
<PAGE>

      (m) The  undersigned's  overall  commitment to  investments  which are not
readily marketable is not  disproportionate  to the undersigned's net worth, and
an investment in the Securities will not cause such overall commitment to become
excessive.

      (n) The undersigned has received all documents,  records,  books and other
information  pertaining to the undersigned's  investment in the Company that has
been requested by the undersigned.  The undersigned has reviewed all reports and
other documents filed by the Company with the Securities and Exchange Commission
(the "SEC Documents").

      (o) The  undersigned  represents  and  warrants  to the  Company  that all
information that the undersigned has provided to the Company, including, without
limitation,  the  information in the Investor  Questionnaire  attached hereto or
previously  provided to the Company (the "Investor  Questionnaire"),  is correct
and complete as of the date hereof.

      (p) Other than as set forth herein,  the  undersigned  is not relying upon
any other information, representation or warranty by the Company or any officer,
director,  stockholder, agent or representative of the Company in determining to
invest in the Securities.  The  undersigned has consulted,  to the extent deemed
appropriate by the undersigned,  with the  undersigned's  own advisers as to the
financial,  tax,  legal and related  matters  concerning  an  investment  in the
Securities  and on  that  basis  believes  that  his or  its  investment  in the
Securities is suitable and appropriate for the undersigned.

      (q) The  undersigned is aware that no federal or state agency has (i) made
any finding or determination  as to the fairness of this  investment,  (ii) made
any  recommendation  or endorsement  of the Securities or the Company,  or (iii)
guaranteed or insured any investment in the Securities or any investment made by
the Company.

      (p) The undersigned  understands that the price of the Securities  offered
hereby bear no  relation  to the assets,  book value or net worth of the Company
and  were  determined  arbitrarily  by  the  Company.  The  undersigned  further
understands  that there is a substantial  risk of further dilution on his or its
investment in the Company.

                                    SECTION 4

      The Company represents and warrants to the undersigned as follows:

      4.1  Organization  of the  Company.  The  Company  is a  corporation  duly
organized and validly  existing and in good standing under the laws of the State
of Florida,  and has all requisite power and authority to own, lease and operate
its properties and to carry on its business as now being conducted.

                                      -8-
<PAGE>

      4.2  Authority.  (a) The Company  has the  requisite  corporate  power and
authority to enter into and perform its obligations  under this Agreement and to
issue the  Securities;  (b) the execution and delivery of this  Agreement by the
Company and the consummation by it of the transactions  contemplated  hereby and
thereby  have been duly  authorized  by all  necessary  corporate  action and no
further  consent or  authorization  of the Company or its Board of  Directors is
required;  and (c) this  Agreement  has been duly  executed and delivered by the
Company  and  constitutes  a  valid  and  binding   obligation  of  the  Company
enforceable  against the Company in  accordance  with its terms,  except as such
enforceability may be limited by applicable bankruptcy,  insolvency,  or similar
laws relating to, or affecting  generally the enforcement of,  creditors' rights
and remedies or by other equitable principles of general application.

      4.3 Capitalization. As of the date hereof, the authorized capital stock of
the Company consists of 250,000,000  shares of Common Stock and 5,000,000 shares
of preferred stock,  none of which are issued.  All the outstanding  shares have
been,  or upon  issuance  will  be,  validly  issued  and  are  fully  paid  and
nonassessable.

      4.4 SEC Documents. To the best of Company's knowledge, the Company has not
provided to the undersigned any information  that,  according to applicable law,
rule or regulation, should have been disclosed publicly prior to the date hereof
by the  Company,  but which has not been so  disclosed.  As of their  respective
dates, the SEC Documents complied in all material respects with the requirements
of the  Securities  Act or the  Exchange  Act,  as the  case may be,  and  other
federal,  state and local laws,  rules and  regulations  applicable  to such SEC
Documents,  and none of the SEC Documents  contained  any untrue  statement of a
material fact or omitted to state a material fact required to be stated  therein
or  necessary  in  order  to  make  the  statements  therein,  in  light  of the
circumstances  under  which  they  were  made,  not  misleading.  The  financial
statements of the Company  included in the SEC  Documents  comply as to form and
substance in all material respects with applicable  accounting  requirements and
the published  rules and  regulations of the Securities and Exchange  Commission
(the "SEC") or other applicable rules and regulations with respect thereto. Such
financial  statements have been prepared in accordance  with generally  accepted
accounting  principles applied on a consistent basis during the periods involved
(except (a) as may be otherwise  indicated in such  financial  statements or the
notes thereto or (b) in the case of unaudited interim statements,  to the extent
they may not include  footnotes or may be condensed or summary  statements)  and
fairly present in all material respects the financial position of the Company as
of the dates  thereof  and the  results  of  operations  and cash  flows for the
periods  then ended  (subject,  in the case of unaudited  statements,  to normal
year-end audit adjustments).

      4.5 Exemption from Registration; Valid Issuances. The sale and issuance of
the  Securities,  in  accordance  with  the  terms  and  on  the  bases  of  the
representations  and  warranties of the  undersigned  set forth herein,  may and
shall be properly issued by the Company to the  undersigned  pursuant to Section
4(2), Regulation S and/or any applicable U.S state law. When issued and paid for
as herein provided, the Securities shall be duly and validly issued, fully paid,
and  nonassessable.  Neither the sales of the  Securities  pursuant  to, nor the
Company's  performance of its obligations under, this Agreement shall (a) result
in  the  creation  or  imposition  of  any  liens,  charges,   claims  or  other
encumbrances  upon the  Securities  or any of the assets of the Company,  or (b)
entitle the other  holders of the Common Stock of the Company to  preemptive  or
other rights to subscribe to or acquire the Common Stock or other  securities of
the  Company.  The  Securities  shall not  subject the  undersigned  to personal
liability by reason of the ownership thereof.

                                      -9-
<PAGE>

      4.6 No General  Solicitation or Advertising in Regard to this Transaction.
Neither the Company nor any of its  affiliates  nor any person  acting on its or
their behalf (a) has conducted or will conduct any general solicitation (as that
term is used in Rule 502(c) of Regulation D) or general advertising with respect
to any of the  Securities,  or (b) made any offers or sales of any  security  or
solicited  any offers to buy any  security  under any  circumstances  that would
require registration of the Common Stock under the Securities Act.

      4.7  No  Conflicts.  The  execution,  delivery  and  performance  of  this
Agreement by the Company and the consummation by the Company of the transactions
contemplated   hereby,   including  without   limitation  the  issuance  of  the
Securities,  do not and will not (a) result in a violation of the Certificate or
By-Laws of the Company or (b) conflict  with, or  constitute a material  default
(or an event that with  notice or lapse of time or both would  become a material
default)  under,  or  give to  others  any  rights  of  termination,  amendment,
acceleration or cancellation of, any material agreement,  indenture,  instrument
or any "lock-up" or similar  provision of any underwriting or similar  agreement
to which the Company is a party,  or (c) result in a violation  of any  federal,
state,  local or  foreign  law,  rule,  regulation,  order,  judgment  or decree
(including federal and state securities laws and  regulations)applicable  to the
Company or by which any  property  or asset of the  Company is bound or affected
(except for such conflicts, defaults, terminations,  amendments,  accelerations,
cancellations  and  violations as would not,  individually  or in the aggregate,
have  a  material  adverse  effect  on  the  business,  operations,  properties,
prospects  or  condition  (financial  or  otherwise)  of the Company) nor is the
Company  otherwise in violation of, conflict with or in default under any of the
foregoing.  The Company is not required under U.S. federal,  state or local law,
rule or regulation to obtain any consent, authorization or order of, or make any
filing or registration with, any court or governmental agency in order for it to
execute, deliver or perform any of its obligations under this Agreement or issue
and sell the Common Stock in  accordance  with the terms hereof  (other than any
SEC,  NASD or state  securities  filings  that may be required to be made by the
Company  subsequent  to  the  Closing);  provided  that,  for  purposes  of  the
representation  made in this sentence,  the Company is assuming and relying upon
the accuracy of the relevant  representations  and agreements of the undersigned
herein.

      4.8  No  Undisclosed  Liabilities.  The  Company  has  no  liabilities  or
obligations  that are material,  individually or in the aggregate,  and that are
not disclosed in the SEC Documents or otherwise publicly  announced,  other than
those  incurred in the ordinary  course of the Company's  businesses  and which,
individually  or in the aggregate,  do not or would not have a material  adverse
effect on the Company.

                                      -10-
<PAGE>

      4.9 No Undisclosed  Events or Circumstances.  No event or circumstance has
occurred or exists with  respect to the Company or its  businesses,  properties,
prospects,  operations or financial condition,  that, under applicable law, rule
or regulation,  requires  public  disclosure or  announcement  prior to the date
hereof by the Company but which has not been so publicly  announced or disclosed
in the SEC Documents.

      4.10  No  Integrated  Offering.  Neither  the  Company,  nor  any  of  its
affiliates,  nor any  person  acting on its or their  behalf  has,  directly  or
indirectly,  made any offers or sales of any security or solicited any offers to
buy any security, other than pursuant to this Agreement.

      4.11 No  Misleading  or Untrue  Communication.  The  Company,  any  person
representing the Company, and, to the knowledge of the Company, any other person
selling or  offering to sell the  Securities,  if any,  in  connection  with the
transactions  contemplated  by this  Agreement,  have not made, at any time, any
written or oral  communication  in connection with the offer or sale of the same
which contained any untrue  statement of a material fact or omitted to state any
material  fact  necessary in order to make the  statements,  in the light of the
circumstances under which they were made, not misleading.

                                    SECTION 5

      5.1 Indemnity.  The undersigned  agrees to indemnify and hold harmless the
Company,  its officers and  directors,  employees and its  affiliates  and their
respective  successors  and assigns and each other person,  if any, who controls
any thereof,  against any loss, liability,  claim, damage and expense whatsoever
(including,  but not  limited  to, any and all  expenses  whatsoever  reasonably
incurred  in  investigating,  preparing  or  defending  against  any  litigation
commenced or  threatened or any claim  whatsoever)  arising out of or based upon
any false  representation or warranty or breach or failure by the undersigned to
comply with any covenant or agreement made by the  undersigned  herein or in any
other  document  furnished  by  the  undersigned  to any  of  the  foregoing  in
connection with this transaction.

      5.2  Modification.  Neither this Agreement nor any provisions hereof shall
be modified,  discharged or terminated except by an instrument in writing signed
by the party  against  whom any waiver,  change,  discharge  or  termination  is
sought.

      5.3 Notices.  Any notice,  demand or other  communication  which any party
hereto may be required,  or may elect,  to give to anyone  interested  hereunder
shall be  sufficiently  given if (a)  deposited,  postage  prepaid,  in a United
States mail letter box,  registered or certified mail, return receipt requested,
addressed to such address as may be given herein, or (b) delivered personally at
such address.

      5.4  Counterparts.  This  Agreement  may be  executed  through  the use of
separate signature pages or in any number of counterparts and by facsimile,  and
each of such  counterparts  shall,  for all purposes,  constitute  one agreement
binding on all parties,  notwithstanding that all parties are not signatories to
the same counterpart. Signatures may be facsimiles.

                                      -11-
<PAGE>

      5.5 Binding Effect.  Except as otherwise  provided herein,  this Agreement
shall be binding  upon and inure to the benefit of the parties and their  heirs,
executors, administrators, successors, legal representatives and assigns. If the
undersigned is more than one person,  the obligation of the undersigned shall be
joint  and  several  and  the   agreements,   representations,   warranties  and
acknowledgments  herein  contained  shall be deemed to be made by and be binding
upon each such person and his heirs, executors, administrators and successors.

      5.6 Entire Agreement.  This Agreement and the documents  referenced herein
contain the entire  agreement  of the parties and there are no  representations,
covenants  or other  agreements  except  as  stated or  referred  to herein  and
therein.

      5.7 Assignability. This Agreement is not transferable or assignable by the
undersigned.

      5.8 Applicable  Law. This Agreement  shall be governed by and construed in
accordance  with the laws of the State of New  York,  without  giving  effect to
conflicts of law principles.

      5.9 Pronouns.  The use herein of the masculine  pronouns "him" or "his" or
similar terms shall be deemed to include the feminine and neuter genders as well
and the use herein of the singular pronoun shall be deemed to include the plural
as well.

                                      -12-
<PAGE>

      IN WITNESS WHEREOF, the undersigned has executed this Agreement on the day
of September, 2006.

Amount of Investment:

$
---------------------

INDIVIDUAL INVESTOR:

---------------------
Name:

PARTNERSHIP, CORPORATION, TRUST,
CUSTODIAL ACCOUNT, OTHER INVESTOR

---------------------------
(Print Name of Entity)

By:
   ------------------------
Name:
Title:
Address:

Taxpayer Identification Number:
                               ---------------------

                                      -13-
<PAGE>

                           ACCEPTANCE OF SUBSCRIPTION

                      (to be filed out only by the Company)

The Company hereby accepts the above  application for  subscription for Units on
behalf of the Company.

ENERGTEK INC.                           Dated: ______ ___, 2006

By:
   ------------------------

Name:
Title:

                                      -14-
<PAGE>

                                   Appendix A

                               Wiring Instructions

                          For Payment of Purchase Price

The following are the wire instructions for the account into which the payment
of the purchase price for the Units subscribed for should be wired.

The bank account of Energtek Inc. at Safra National Bank of New York is active.
The number is
Safra National Bank of New York
546 Fifth Avenue
New York, NY 10036
(212) 704-5500 ABA 0260-03023
Account No: 0610-9004
Account Owner: Energtek Inc.

In case the entity on behalf of which the transfer is taking place is different
from the transferor, please make sure that the wire includes in the comments the
name of the entity.

                                      -15-
<PAGE>

                                  ENERGTEK INC.

                             INVESTOR QUESTIONNAIRE

A. General Information

1. Print Full Name of Investor:         Individual:

                                        ----------------------------------------
                                        First, Middle, Last

                                        Partnership, Corporation, Trust,
                                        Custodial Account, Other:

                                        ----------------------------------------
                                                       Name of Entity

2. Address for Notices:
                                        ----------------------------------------

3. Name of Primary Contact Person:
                                        ----------------------------------------
   Title:

4. Telephone Number:
                                        ----------------------------------------

5. E-Mail Address:
                                        ----------------------------------------

6. Facsimile Number:
                                        ----------------------------------------

7. Permanent Address:
                                        ----------------------------------------
   (if different from Address for Notices above)

                                      -16-
<PAGE>

8. Authorized Signatory:
                                        ----------------------------------------
   Title:
                                        ----------------------------------------
   Telephone Number:
                                        ----------------------------------------
   Facsimile Number:
                                        ----------------------------------------

9. U.S. Investors Only:

   U.S. Taxpayer Identification or
   Social Security Number:
                                        ----------------------------------------

B. Accredited Investor Status

The  Investor  represents  and  warrants  that the  Investor  is an  "accredited
investor"  within the meaning of Rule 501 of  Regulation D under the  Securities
Act of 1933, as amended (the "Securities Act"), and has checked the box or boxes
below which are next to the categories under which the Investor  qualifies as an
accredited investor:

FOR INDIVIDUALS:

|_|   A natural  person  with  individual  net  worth  (or joint net worth  with
      spouse) in excess of $1 million.  For  purposes of this item,  "net worth"
      means the excess of total  assets at fair market  value,  including  home,
      home  furnishings  and  automobiles  (and  including  property  owned by a
      spouse), over total liabilities.

|_|   A natural person with individual  income (without  including any income of
      the Investor's spouse) in excess of $200,000,  or joint income with spouse
      of  $300,000,  in each of the two most  recent  years  and who  reasonably
      expects to reach the same income level in the current year.

FOR ENTITIES:

|_|   A bank as defined in Section  3(a)(2) of the Securities Act or any savings
      and loan association or other institution as defined in Section 3(a)(5)(A)
      of the  Securities  Act,  whether  acting in its  individual  or fiduciary
      capacity.

|_|   An insurance company as defined in Section 2(13) of the Securities Act.

|_|   A  broker-dealer  registered  pursuant  to  Section  15 of the  Securities
      Exchange Act of 1934.

|_|   An investment company registered under the Investment Company Act of 1940,
      as amended (the "Investment Company Act"). If an Investor has checked this
      box,  please  contact  _______  for  additional  information  that will be
      required.

|_|   A business  development  company as  defined  in Section  2(a)(48)  of the
      Investment Company Act.

|_|   A  small  business  investment  company  licensed  by the  Small  Business
      Administration   under  Section  301(c)  or  (d)  of  the  Small  Business
      Investment Act of 1958.

                                      -17-
<PAGE>

|_|   A private business development company as defined in Section 202(a)(22) of
      the Investment  Advisers Act of 1940. If an Investor has checked this box,
      please contact ______ for additional information that will be required.

|_|   An  organization  described in Section  501(c)(3) of the Internal  Revenue
      Code,  a  corporation,   Massachusetts   or  similar  business  trust,  or
      partnership,  not formed for the specific  purpose of acquiring the Units,
      with total assets in excess of $5 million.

|_|   A trust  with  total  assets in excess of $5  million  not  formed for the
      specific  purpose of acquiring the Units,  whose purchase is directed by a
      person with such  knowledge  and  experience  in  financial  and  business
      matters  as to be  capable  of  evaluating  the  merits  and  risks  of an
      investment in the Company and the purchase of the Units.

|_|   An employee  benefit  plan within the meaning of ERISA if the  decision to
      invest in the Units is made by a plan  fiduciary,  as  defined  in Section
      3(21) of ERISA,  which is  either a bank,  savings  and loan  association,
      insurance company,  or registered  investment  adviser, or if the employee
      benefit  plan  has  total  assets  in  excess  of  $5  million  or,  if  a
      self-directed plan, with investment  decisions made solely by persons that
      are accredited investors.

|_|   A plan established and maintained by a state, its political  subdivisions,
      or any agency or instrumentality of a state or its political subdivisions,
      for the benefit of its  employees,  if the plan has total assets in excess
      of $5 million.

|_|   An entity,  including a grantor  trust,  in which all of the equity owners
      are  accredited  investors  as  determined  under  any  of  the  foregoing
      paragraphs  (for this purpose,  a beneficiary  of a trust is not an equity
      owner, but the grantor of a grantor trust is an equity owner).

C. Supplemental Data for Entities

1. If the Investor is not a natural person,  furnish the following  supplemental
data (natural persons may skip this Section C of the Investor Questionnaire):

Legal form of entity (trust, corporation, partnership, etc.): __________________

Jurisdiction of organization: ________________________________________________

2. Was the Investor organized for the specific purpose of acquiring the Units?

            |_| Yes        |_| No

      If the answer to the above  question  is "Yes,"  please  contact  _______,
________,  at  _______  or  ________  for  additional  information  that will be
required.

3. Are shareholders,  partners or other holders of equity or beneficial interest
in the  Investor  able to decide  individually  whether to  participate,  or the
extent of their  participation,  in the  Investor's  investment  in the  Company
(i.e.,  can  shareholders,  partners  or other  holders of equity or  beneficial
interest in the Investor  determine  whether their capital will form part of the
capital invested by the Investor in the Company)?

            |_| Yes        |_| No

                                      -18-
<PAGE>

      If the answer to the above question is "Yes," please contact David Lubin &
Associates,  PLLC  (david@dlubinassociates.com  or 516-284-1740)  for additional
information that will be required.

4(a). Please indicate whether or not the Investor is, or is acting on behalf of,
(i) an  employee  benefit  plan  within the  meaning  of Section  3(3) of ERISA,
whether or not such plan is subject to ERISA,  or (ii) an entity which is deemed
to hold the assets of any such employee  benefit plan pursuant to 29 C.F.R.  ss.
2510.3-101.  For example,  a plan which is maintained by a foreign  corporation,
governmental entity or church, a Keogh plan covering no common-law employees and
an individual  retirement  account are employee benefit plans within the meaning
of Section 3(3) of ERISA but generally  are not subject to ERISA  (collectively,
"Non-ERISA Plans"). In general, a foreign or US entity which is not an operating
company and which is not publicly traded or registered as an investment  company
under the Investment  Company Act of 1940, as amended,  and in which 25% or more
of the value of any class of equity  interest  is held by  employee  pension  or
welfare  plans  (including  an entity  which is deemed to hold the assets of any
such plan),  would be deemed to hold the assets of one or more employee  benefit
plans pursuant to 29 C.F.R.  ss.  2510.3-101.  However,  if only Non-ERISA Plans
were invested in such an entity,  the entity  generally  would not be subject to
ERISA.  For purposes of  determining  whether this 25% threshold has been met or
exceeded,  the value of any equity  interest held by a person (other than such a
plan or entity) who has  discretionary  authority or control with respect to the
assets of the entity,  or any person who  provides  investment  advice for a fee
(direct or indirect)  with respect to such  assets,  or any  affiliate of such a
person, is disregarded.

            |_| Yes        |_| No

4(b).  If the Investor  is, or is acting on behalf of, such an employee  benefit
plan,  or is an  entity  deemed  to hold the  assets  of any such plan or plans,
please indicate whether or not the Investor is subject to ERISA.

            |_| Yes        |_| No

4(c.) If the  Investor  answered  "Yes" to  question  4.(b) and the  Investor is
investing the assets of an insurance  company general  account,  please indicate
what percentage of the Investor's assets the purchase of the Units is subject to
ERISA. ___________%.

5. Does the amount of the Investor's  subscription  for the Units in the Company
exceed 40% of the total assets (on a consolidated  basis with its  subsidiaries)
of the Investor?

            |_| Yes        |_| No

      If the question  above was answered  "Yes,"  please  contact David Lubin &
Associates for additional information that will be required.

6(a). Is the Investor a private investment company which is not registered under
the Investment  Company Act, in reliance on Section  3(c)(1) or Section  3(c)(7)
thereof?

            |_| Yes        |_| No

6(b). If the question above was answered "Yes," was the Investor formed prior to
April 30, 1996?

            |_| Yes        |_| No

      If the questions set forth in (a) and (b) above were both answered  "Yes,"
please contact David Lubin & Associates for additional  information that will be
required.

                                      -19-
<PAGE>

7(a). Is the Investor a grantor trust, a partnership or an S-Corporation  for US
federal income tax purposes?

            |_| Yes        |_| No

7(b). If the question above was answered "Yes," please indicate whether or not:

      (i) more than 50 percent  of the value of the  ownership  interest  of any
      beneficial owner in the Investor is (or may at any time during the term of
      the  Company  be)  attributable  to the  Investor's  (direct or  indirect)
      interest in the Company; or

            |_| Yes        |_| No

      (ii) it is a  principal  purpose of the  Investor's  participation  in the
      Company to permit the  Partnership  to satisfy the 100 partner  limitation
      contained in US Treasury Regulation Section 1.7704-1(h)(3).

            |_| Yes        |_| No

      If either  question above was answered "Yes," please contact David Lubin &
Associates for additional information that will be required.

8. If the  Investor's  tax year ends on a date other than  December  31,  please
indicate such date below:

                           -----------------------------------------------------
                           -----------------------------------------------------
                                                  (Date)

D. Related Parties

1. To the best of the Investor's knowledge, does the Investor control, or is the
Investor  controlled by or under common  control with, any other investor in the
Company?

            |_| Yes        |_| No

If the answer above was answered "Yes", please identify such related investor(s)
below.

Name(s) of related investor(s): _______________________________-

2. Will any other person or persons  have a beneficial  interest in the Units to
be acquired hereunder (other than as a shareholder, partner, or other beneficial
owner of equity interest in the Investor)?

            |_| Yes        |_| No

If either  question  above was  answered  "Yes",  please  contact  David Lubin &
Associates for additional information that will be required.

The Investor  understands that the foregoing  information will be relied upon by
the Company for the purpose of  determining  the  eligibility of the Investor to
purchase the Units. The Investor agrees to notify the Company immediately if any
representation or warranty contained in this Subscription  Agreement,  including
this Investor Questionnaire,  becomes untrue at any time. The Investor agrees to
provide,  if  requested,  any  additional  information  that may  reasonably  be
required to substantiate the Investor's  status as an accredited  investor or to
otherwise  determine the eligibility of the Investor to purchase the Units.  The
Investor  agrees to indemnify  and hold  harmless the Company and each  officer,
director,  shareholder,  agent  and  representative  of the  Company  and  their
respective  affiliates  and  successors  and assigns  from and against any loss,
damage or  liability  due to or arising  out of a breach of any  representation,
warranty or agreement of the Investor contained herein.

                                      -20-
<PAGE>

                                        INDIVIDUAL:

                                        ----------------------------------------
                                                   (Signature)

                                        ----------------------------------------
                                                   (Print Name)

                                        PARTNERSHIP, CORPORATION, TRUST,
                                        CUSTODIAL ACCOUNT, OTHER:

                                        ----------------------------------------
                                                  (Name of Entity)

                                        By:
                                           -------------------------------------
                                                   (Signature)

                                           -------------------------------------
                                               (Print Name and Title)

                                      -21-
<PAGE>

Annex 1

DEFINITION OF "INVESTMENTS"

The term "investments" means:

1)    Securities,   other  than  securities  of  an  issuer  that  controls,  is
      controlled  by, or is under common  control  with,  the Investor that owns
      such securities, unless the issuer of such securities is:

      (i)   An  investment  company  or a company  that  would be an  investment
            company  but  for  the  exclusions  or  exemptions  provided  by the
            Investment Company Act, or a commodity pool; or

      (ii)  a Public Company (as defined below);

      (iii) A company  with  shareholders'  equity of not less than $50  million
            (determined  in  accordance  with  generally   accepted   accounting
            principles)  as reflected  on the  company's  most recent  financial
            statements,  provided  that such  financial  statements  present the
            information  as of a date  within  16 months  preceding  the date on
            which the Investor acquires Units;

2)    Real estate held for investment purposes;

3)    Commodity Shares (as defined below) held for investment purposes;

4)    Physical Commodities (as defined below) held for investment purposes;

5)    To the extent not  securities,  Financial  Contracts  (as  defined  below)
      entered into for investment purposes;

6)    In the case of an Investor  that is a company that would be an  investment
      company but for the exclusions  provided by Section  3(c)(1) or 3(c)(7) of
      the Investment  Company Act, or a commodity  pool, any amounts  payable to
      such Investor  pursuant to a firm agreement or similar binding  commitment
      pursuant to which a person has agreed to acquire an  interest  in, or make
      capital  contributions  to, the Investor  upon the demand of the Investor;
      and

7)    Cash and cash equivalents held for investment purposes.

      Real  Estate  that is used by the owner or a Related  Person  (as  defined
      below) of the owner for personal purposes,  or as a place of business,  or
      in connection with the conduct of the trade or business of such owner or a
      Related Person of the owner,  will NOT be considered  Real Estate held for
      investment purposes, provided that real estate owned by an Investor who is
      engaged primarily in the business of investing, trading or developing real
      estate  in  connection  with  such  business  may be deemed to be held for
      investment purposes.  However,  residential real estate will not be deemed
      to be used for personal  purposes if deductions  with respect to such real
      estate are not disallowed by section 280A of the Internal  Revenue Code of
      1986, as amended.

      A Commodity  Interest or Physical Commodity owned, or a Financial Contract
      entered into, by the Investor who is engaged  primarily in the business of
      investing,   reinvesting,   or  trading  in  Commodity  Shares,   Physical
      Commodities or Financial Contracts in connection with such business may be
      deemed to be held for investment purposes.

<PAGE>

      "Commodity Shares" means commodity futures contracts, options on commodity
      futures  contracts,  and  options  on  physical  commodities  traded on or
      subject to the rules of:

      (i)   Any contract market designated for trading such  transactions  under
            the Commodity Exchange Act and the rules thereunder; or

      (ii)  Any  board  of trade or  exchange  outside  the  United  States,  as
            contemplated  in Part 30 of the rules under the  Commodity  Exchange
            Act.

"Public Company" means a company that:

      (i)   files  reports  pursuant  to Section  13 or 15(d) of the  Securities
            Exchange Act of 1934, as amended; or

      (ii)  has a class of securities  that are listed on a Designated  Offshore
            Securities Market, as defined by Regulation S of the Securities Act.

"Financial Contract" means any arrangement that:

      (i)   takes the form of an individually negotiated contract, agreement, or
            option to buy, sell,  lend,  swap, or  repurchase,  or other similar
            individually   negotiated   transaction  commonly  entered  into  by
            participants in the financial markets;

      (ii)  is in respect of securities,  commodities,  currencies,  interest or
            other  rates,  other  measures of value,  or any other  financial or
            economic  interest  similar  in purpose  or  function  to any of the
            foregoing; and

      (iii) is entered into in response to a request from a counter  party for a
            quotation,   or  is  otherwise   entered  into  and   structured  to
            accommodate the objectives of the counterparty to such arrangement.

"Physical  Commodities"  means any  physical  commodity  with respect to which a
Commodity  Interest  is  traded  on a  market  specified  in the  definition  of
Commodity Shares above.

"Related  Person"  means a person who is related to the  Investor  as a sibling,
spouse or former spouse,  or is a direct lineal  descendant or ancestor by birth
or adoption of the  Investor,  or is a spouse of such  descendant  or  ancestor,
provided that, in the case of a Family  Company,  a Related Person  includes any
owner of the Family  Company  and any person who is a Related  Person of such an
owner.  "Family Company" means a company that is owned directly or indirectly by
or for two or more  natural  persons  who are  related  as  siblings  or  spouse
(including former spouses),  or direct lineal  descendants by birth or adoption,
spouses of such persons, the estates of such persons, or foundations, charitable
organizations or trusts established for the benefit of such persons.

For purposes of determining the amount of investments owned by a company,  there
may be included investments owned by majority-owned  subsidiaries of the company
and investments owned by a company ("Parent  Company") of which the company is a
majority-owned  subsidiary, or by a majority-owned subsidiary of the company and
other majority-owned subsidiaries of the Parent Company.

In determining whether a natural person is a qualified  purchaser,  there may be
included in the amount of such person's  investments any investment held jointly
with such person's spouse,  or investments in which such person shares with such
person's spouse a community  property or similar shared ownership  interest.  In
determining whether spouses who are making a joint investment in the Partnership
are qualified  purchasers,  there may be included in the amount of each spouse's
investments  any  investments  owned by the other  spouse  (whether  or not such
investments  are held  jointly).  There shall be deducted from the amount of any
such investments any amounts  specified by paragraph 2(a) of Annex 2 incurred by
such spouse.

In determining whether a natural person is a qualified  purchaser,  there may be
included in the amount of such person's  investments any investments  held in an
individual  retirement  account or similar  account the investments of which are
directed by and held for the benefit of such person.

                                      -ii-
<PAGE>

Annex 2

VALUATIONS OF INVESTMENTS

The general rule for determining the value of investments in order to ascertain
whether a person is a qualified purchaser is that the value of the aggregate
amount of investments owned and invested on a discretionary basis by such person
shall be their fair market value on the most recent practicable date or their
cost. This general rule is subject to the following provisos:

1)    In the case of Commodity  Shares,  the amount of investments  shall be the
      value of the initial margin or option premium deposited in connection with
      such Commodity Shares; and

2)    In each case, there shall be deducted from the amount of investments owned
      by such person the following amounts:

      (i)   The amount of any outstanding  indebtedness  incurred to acquire the
            investments owned by such person.

      (ii)  A Family Company,  in addition to the amounts specified in paragraph
            (a)  above,  shall  have  deducted  from the  value  of such  Family
            Company's  investments any outstanding  indebtedness  incurred by an
            owner of the Family Company to acquire such investments.

                                      -4-Unassociated Document

     

    
      

      

    

    
 

     

     

    PURCHASE
      AGREEMENT

     

    Dated
      as of October 1, 2006

     

    by
      and among

     

    TEJAS
      INCORPORATED,

     

    CAPITAL
      & TECHNOLOGY ADVISORS, INC.

     

    and

     

    THE
      PERSONS AND ENTITIES LISTED ON THE SIGNATURE PAGE HERETO

     

     

     

     

    
 

    
      

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TABLE
      OF
      CONTENTS

     

    
      	 	
               Page

            
	
              ARTICLE
                I DEFINITIONS

            	
               1

            
	 	 	 
	
              Section
                1.01

            	Definitions	
               1

            
	
              Section
                1.02 

            	Other Definitional Provisions	
               3

            
	 	 	
               

            
	
              ARTICLE
                II PURCHASE AND SALE

            	
               4

            
	 	 	
               

            
	
              Section
                2.01

            	Sale and Transfer of Tejas Shares	
               4

            
	
              Section
                2.02 

            	Sale and Transfer of Company Shares	
               4

            

    

    
      
        	
                Section
                  2.03

              	
                Closing 

              	
                 4

              
	 	 	
                 

              
	
                ARTICLE
                  III REPRESENTATIONS AND WARRANTIES OF TEJAS 

              	
                 4

              
	 	
                 

              
	
                Section
                  3.01

              	
                Organization;
                  Authority 

              	
                 4

              
	
                Section
                  3.02

              	
                Execution
                  of the Agreement 

              	
                 5

              
	
                Section
                  3.03

              	
                Agreement
                  Binds the Company

              	
                 5

              
	
                Section
                  3.04

              	
                No
                  Conflicts. 

              	
                 5

              
	
                Section
                  3.05

              	
                Title
                  of Company Shares 

              	
                 5

              
	
                Section
                  3.06

              	
                Brokers. 

              	
                 5

              
	
                Section
                  3.07

              	
                Consents;
                  Governmental Approvals 

              	
                 5

              
	
                Section
                  3.08

              	
                SEC
                  Filings; Financial Statements 

              	
                 6

              
	 	 	
                 

              
	
                ARTICLE
                  IV REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDERS 

              	
                 6

              
	 	
                 

              
	
                Section
                  4.01

              	
                Organization;
                  Authority

              	
                 6

              
	
                Section
                  4.02

              	
                Agreement
                  Binds the Stockholders

              	
                 7

              
	
                Section
                  4.03

              	
                No
                  Conflicts 

              	
                 7

              
	
                Section
                  4.04

              	
                Title
                  to Tejas Stock 

              	
                 7

              
	
                Section
                  4.05

              	
                Consents;
                  Governmental Approvals 

              	
                 7

              
	
                Section
                  4.06

              	
                Investment
                  Representations 

              	
                 7

              
	
                Section
                  4.07

              	
                Brokers 

              	
                 8

              
	 	 	
                 

              
	
                ARTICLE
                  V REPRESENTATION AND WARRANTY OF THE COMPANY 

              	
                 8

              
	 	
                 

              
	
                Section
                  5.01

              	
                 No
                  Pending or Contemplated Opportunities

              	
                 8

              
	 	 	
                 

              
	
                ARTICLE
                  VI COVENANTS OF THE PARTIES 

              	
                 8

              
	 	
                 

              
	
                Section
                  6.01

              	
                Commercially
                  Reasonable Efforts 

              	
                 8

              
	
                Section
                  6.02

              	
                Termination
                  of the Agreements

              	
                 9

              
	
                Section
                  6.03

              	
                Stockholder
                  Spousal Consent

              	
                 9

              

      

       

      
        
          
          

        

        
          -i-

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  6.04

              	
                Stock
                  Options 

              	
                 9

              
	
                Section
                  6.05

              	
                Resignation
                  of the Company Board of Directors 

              	
                 9

              
	
                Section
                  6.06

              	
                Termination
                  of Tejas Intercompany Receivable 

              	
                 9

              
	
                Section
                  6.07

              	
                Directors
                  and Officer and Insurance Continuation

              	
                 9

              
	
                Section
                  6.08

              	
                Release
                  of Stockholders and Tejas Affiliates 

              	
                 9

              
	
                Section
                  6.09

              	
                COBRA
                  Coverage

              	
                 9

              
	
                Section
                  6.10

              	
                Further
                  Assurances

              	
                 10

              
	
                Section
                  6.11

              	
                Tax
                  Reporting 

              	
                 10

              
	 	 	
                 

              
	
                ARTICLE
                  VII CONDITIONS PRECEDENT 

              	
                 10

              
	 	
                 

              
	
                Section
                  7.01

              	
                Conditions
                  to Obligations of Tejas and Stockholders

              	
                 10

              
	
                Section
                  7.02

              	
                Conditions
                  to Obligations of Tejas

              	
                 10

              
	
                Section
                  7.03

              	
                Conditions
                  to Obligations of the Stockholders

              	
                 11

              
	 	 	
                 

              
	
                ARTICLE
                  VIII INDEMNIFICATION 

              	
                 12

              
	 	
                 

              
	
                Section
                  8.01

              	
                Survival
                  of Representations and Warranties

              	
                 12

              
	
                Section
                  8.02

              	
                Indemnification
                  of Tejas

              	
                 12

              
	
                Section
                  8.03

              	
                Indemnification
                  of the Company and the Stockholders

              	
                 13

              
	
                Section
                  8.04

              	
                Procedures
                  for Indemnification

              	
                 13

              
	
                Section
                  8.05

              	
                Sole
                  Remedy 

              	
                 14

              
	
                Section
                  8.06

              	
                Continuation
                  of the Company 

              	
                 14

              
	 	 	 
	ARTICLE
                IX
                GENERAL PROVISIONS	
                 14

              
	 	 	 
	
                Section
                  9.01

              	
                Dispute
                  Resolution 

              	
                 14

              
	
                Section
                  9.02

              	
                Expenses

              	
                 15

              
	
                Section
                  9.03

              	
                No
                  Third-Party Beneficiaries

              	
                 15

              
	
                Section
                  9.04

              	
                Entire
                  Agreement 

              	
                 15

              
	
                Section
                  9.05

              	
                Succession
                  and Assignment 

              	
                 15

              
	
                Section
                  9.06

              	
                Counterparts
                  and Facsimile Signatures

              	
                 15

              
	
                Section
                  9.07

              	
                Headings 

              	
                 16

              
	
                Section
                  9.08

              	
                Notices

              	
                 16

              
	
                Section
                  9.09

              	
                Governing
                  Law and Jurisdiction

              	
                 17

              
	
                Section
                  9.10

              	
                Amendments
                  and Waivers

              	
                 17

              
	
                Section
                  9.11

              	
                Severability 

              	
                 17

              
	
                Section
                  9.12

              	
                Construction

              	
                 17

              
	
                Section
                  9.13

              	
                Specific
                  Performance

              	
                 17

              

      

    
      
        
        

      

      
        -ii-

        
          

        

      

      
        
        

      

    

    

      
        	
                Schedule
                  1

              	
                Employment
                  Agreements

              
	
                Schedule
                  2

              	
                Non-Compete
                  Agreements

              
	
                Schedule
                  3

              	
                Tejas
                  Common Stock

              
	
                Schedule
                  4

              	
                Company
                  Common Stock

              
	
                Schedule
                  5

              	
                Stock
                  Options

              
	
                Schedule
                  6

              	
                Company
                  Pending or Contemplated Fee-Generating Matters, Arrangements, Proposals
                  or
                  Opportunities

              
	
                Schedule
                  7

              	
                Board
                  of Directors of Company

              
	 	 
	 	 
	
                Exhibit
                  A

              	
                Form
                  of Termination and Release Agreement for Merger
                  Agreement

              
	
                Exhibit
                  B

              	
                Form
                  of Termination and Release Agreement Relating to Escrow
                  Agreement

              
	
                Exhibit
                  C

              	
                Form
                  of Termination and Release Agreement Relating to Registration Rights
                  Agreement

              
	
                Exhibit
                  D

              	
                Form
                  of Termination and Release Agreement Relating to Non-Compete
                  Agreement

              
	
                Exhibit
                  E

              	
                Form
                  of Termination and Release Agreement Relating to Employment and
                  Confidentiality Agreement

              
	
                Exhibit
                  F

              	
                Form
                  of Spousal Consent

              
	
                Exhibit
                  G

              	
                Form
                  of Release Relating to Stock Options

              
	
                Exhibit
                  H

              	
                Form
                  of Release for Stockholders Who Served as Officers and Directors
                  of Tejas
                  and the Company

              
	
                Exhibit
                  I

              	
                Form
                  of Release for Tejas Affiliates Who Served as Officers and Directors
                  of
                  the Company

              
	
                Exhibit
                  J

              	
                Form
                  of Employee Letter

              

      

    
      
        
        

      

      
        -iii-

        
          

        

      

      
        
        

      

    

    PURCHASE
      AGREEMENT (this “Agreement”)
      dated
      October  1, 2006, among Tejas Incorporated, a Delaware corporation
      (“Tejas”),
      Capital & Technology Advisors, Inc., a Delaware corporation (the
“Company”)
      and
      the persons and entities listed on the signature page hereto (each, a
“Stockholder”
and,
      collectively, the “Stockholders”).
      All
      capitalized terms used and not otherwise defined herein shall have the same
      meaning as in the Merger Agreement (as defined below).

     

    WHEREAS,
      Tejas, the Company, Tejas Acquisition Corp. (“Sub”),
      and
      the Stockholders entered into an agreement and plan of merger (the “Merger
      Agreement”)
      on
      July 1, 2005 pursuant to which Sub merged with and into the Company upon
      the terms and subject to the condition of the Merger Agreement;

     

    WHEREAS,
      the Stockholders own the respective shares of common stock of Tejas (the
“Tejas
      Shares”)
      set
      forth opposite such Stockholder’s name in the second column on Schedule 3;

     

    WHEREAS,
      Tejas owns all of the outstanding shares of the common stock of the Company
      (the
“Company
      Shares”);
      

     

    WHEREAS,
      upon the terms and subject to the conditions set forth herein, the parties
      hereto desire that (i) the Stockholders sell and transfer the Tejas Shares
      to
      Tejas, and Tejas purchase the Tejas Shares from the Stockholders and
      (ii) Tejas sell and transfer the Company Shares to the Stockholders, and
      the Stockholders purchase the Company Shares from Tejas, and 

     

    WHEREAS,
      the Stockholders are selling and transferring the Tejas Shares to Tejas in
      consideration for the Company Shares and the releases from Tejas contemplated
      hereby.

     

    NOW,
      THEREFORE, in consideration of the representations, warranties, covenants and
      agreements contained in this Agreement, the parties agree as follows:

     

    ARTICLE
      I

    

    DEFINITIONS

    Section
      1.01  Definitions.
      For
      purposes of this Agreement:

     

    “AAA”
shall
      have the meaning set forth in Section
      9.01
      hereof.

     

    “Abbruzzese”
shall
      mean Jared E. Abbruzzese, Sr.

     

    “Barr”
shall
      mean Wayne Barr, Jr.

     

    “Closing”
shall
      have the meaning set forth in Section 2.03
      hereof.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    “Closing
      Date”
shall
      have the meaning set forth in Section 2.03
      hereof.

     

    “Company”
shall
      have the meaning set forth in the recitals.

     

    “Company
      Indemnified Parties”
shall
      have the meaning set forth in Section 8.03
      hereof.

     

    “Company
      Shares”
shall
      have the meaning set forth in the recitals.

     

    “Employment
      Agreements”
means
      each of the employment and confidentiality agreements listed on Schedule 1.

     

    “Escrow
      Agreement”
means
      that certain Escrow Agreement, dated as of July 1, 2005, by and among
      Tejas, the Company, Niskayuna Development LLC (now known as Winchester
      Development LLC), Barr, and HSBC Bank USA, National Association, as escrow
      agent.

     

    “Escrowed
      Property”
means
      the 309,316 shares of Tejas common stock that was deposited by Niskayuna
      Development LLC (now known as Winchester Development LLC) and Barr in escrow
      pursuant to the Escrow Agreement plus any dividends or other distributions
      relating thereto and any proceeds from the sale of the such shares.

     

    “Governmental
      Agency”
means
      any federal, state, local, foreign or other governmental agency,
      instrumentality, commission, authority, board or body. 

     

    “Indemnified
      Party”
shall
      have the meaning set forth in Section 8.04(a)
      hereof.

     

    “Indemnifying
      Party”
shall
      have the meaning set forth in Section 8.04(a)
      hereof.

     

    “Knowledge
      of Tejas”
means
      the actual knowledge of any of the following persons: the Chairman, the
      President and the General Counsel of Tejas.

     

    “Knowledge
      of the Company”
means
      the actual knowledge of any of the Stockholders.

     

    “Loss”
shall
      have the meaning set forth in Section 8.02(a)
      hereof.

     

    “Merger
      Agreement”
shall
      have the meaning set forth in the recitals.

     

    “Non-Compete
      Agreements”
means
      each of the non-compete agreements listed on Schedule 2.

     

    “Registration
      Rights Agreement”
means
      that certain Registration Rights Agreement, dated as of July 1, 2005, by
      and among Tejas and the Stockholders.

     

    “Stockholder”
shall
      have the meaning set forth in the recitals.

     

    “Sub”
shall
      have the meaning set forth in the recitals.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    “Subsidiary”
of
      any
      person means another person, an amount of the voting securities, other voting
      ownership or voting partnership interests of which is sufficient to elect at
      least a majority of its Board of Directors or other governing body (or, if
      there
      are no such voting interests, fifty percent (50%) of more of the equity
      interests of which) which is owned directly or indirectly by such first
      person.

     

    “Tejas”
shall
      have the meaning set forth in the recitals.

     

    “Tejas
      Common Stock”
means
      the common stock of Tejas.

     

    “Tejas
      Indemnified Parties”
shall
      have the meaning set forth in Section 8.02(a)
      hereof.

     

    “Tejas
      Intercompany Receivable”
means
      the intercompany receivable that the Company owes Tejas existing on the Closing
      Date.

     

    “Tejas
      Shares”
shall
      have the meaning set forth in the recitals.

     

    “Tejas
      Stock Options”
means
      the stock options provided to the employees of the Company and which are set
      forth on Schedule 5
      .

     

    “Total
      Outstanding Company Shares”
means
      the total number of shares of Company Common Stock outstanding on the Closing
      Date.

     

    “Transactions”
shall
      have the meaning set forth in Section 3.01(a)
      hereof.

     

    “Transaction
      Agreements”
shall
      mean the Agreement and the termination and release agreements required under
      Section
      6.02.

     

    Section
      1.02  Other
      Definitional Provisions. 

     

    (a)  The
      words
“hereof”, “herein”, “hereunder” and words of similar import when used in this
      Agreement shall refer to this Agreement as a whole and not to any particular
      provision of this Agreement, and article, section, subsection, schedule and
      exhibit references are to this Agreement unless otherwise
      specified.

     

    (b)  The
      meanings given to terms defined or incorporated by reference herein shall be
      equally applicable to both the singular and plural forms of such
      terms.

     

    (c)  Any
      reference in this Agreement to any representation, warranty or covenant “deemed”
to have been made is intended to encompass only representations, warranties
      or
      covenants that are expressly stated to be repeated on or as of the dates
      following the execution and delivery of this Agreement, and no such reference
      shall be interpreted as a reference to any implicit, inferred, tacit or
      otherwise unexpressed representation, warranty or covenant.

     

    (d)  The
      words
“include”, “includes” or “including” shall be interpreted as if followed, in
      each case, by the phrase “without limitation”.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    (e)  The
      use
      of the masculine, feminine or neuter gender herein shall not limit any provision
      of this Agreement.

     

    ARTICLE
      II

    

    PURCHASE
      AND SALE

     

    Section
      2.01  Sale
      and Transfer of Tejas Shares.
      Upon
      the
      terms and subject to the conditions of this Agreement, at the Closing (as
      defined below), each of the Stockholders shall sell, convey, assign, transfer
      and deliver to Tejas, and Tejas shall purchase and acquire from the
      Stockholders, each of such Stockholder’s rights, title and interests in and to
      the Tejas Shares, free and clear of all Encumbrances; provided,
      however,
      that
      the parties hereto acknowledge that transfer of the Escrowed Property is subject
      to termination of the Escrow Agreement and that delivery of the certificates
      representing the Escrowed Property shall be made by the Escrow Agent pursuant
      to
      the terms of the Termination and Release Agreement Relating to Escrow Agreement
      attached hereto as Exhibit B.

     

    Section
      2.02  Sale
      and Transfer of Company Shares.
      Upon
      the
      terms and subject to the conditions of this Agreement, in consideration of
      the
      aforesaid sale, conveyance, assignment, transfer and delivery to Tejas of the
      Tejas Shares, Tejas shall sell, convey, assign, transfer and deliver to each
      of
      Stockholders, and each Stockholder shall accept and acquire from Tejas, all
      of
      Tejas’ rights, title and interests in and to the certain number of Company
      Shares as set forth opposite Stockholder’s name in the second column on
Schedule 4.

     

    Section
      2.03  Closing.
      The
      closing of the transactions contemplated hereby (the “Closing”)
      shall
      be the date (referred to herein as the “Closing
      Date”)
      on
      which this Agreement is executed by all parties hereto.

     

    ARTICLE
      III

    

    REPRESENTATIONS
      AND WARRANTIES OF TEJAS

     

    Tejas
      represents and warrants to the Stockholders as follows:

     

    Section
      3.01  Organization;
      Authority.

     

    (a)  Power
      to Enter into the Agreement.
      Tejas
      is a corporation duly organized, validly existing and in good standing under
      the
      laws of the State of Delaware. Tejas has the power and authority to execute
      and
      deliver this Agreement and each other document to be executed and delivered
      by
      it under this Agreement, to perform its obligations under such documents, and
      to
      consummate the transactions contemplated by or pursuant to this Agreement and
      any ancillary documents (the “Transactions”).

     

    (b)  Authorization
      of the Agreement.
      Tejas
      has, by requisite action, authorized the execution, delivery and performance
      of
      this Agreement and each other document to be executed and delivered by it under
      this Agreement, and the consummation of the Transactions to which it is a party
      in accordance with Applicable Law and the organizational documents.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    Section
      3.02  Execution
      of the Agreement.
      Tejas
      has
      duly executed and delivered this Agreement and each other document to be
      executed and delivered by it under this Agreement.

     

    Section
      3.03  Agreement
      Binds the Company.
      This
      Agreement and each other document to be delivered by Tejas under this Agreement
      constitutes the valid and legally binding obligation of Tejas, enforceable
      against it in accordance with its terms (subject to bankruptcy, insolvency,
      reorganization, moratorium and other similar laws affecting creditors’ rights
      generally and to general principles of equity, regardless of whether enforcement
      is sought in a proceeding in equity or at law).

     

    Section
      3.04  No
      Conflicts.
      Tejas’
      execution, delivery and performance of this Agreement, and of each other
      document to be executed and delivered by them under this Agreement, and the
      consummation of the Transactions, will not:

     

    (a)  conflict
      with, or result in a breach of, a provision of Tejas’ organizational
      documents;

     

    (b)  conflict
      with, or result in a breach of, a provision of a contract, agreement or
      undertaking to which the Tejas is a party, or by which it or any of its assets
      or properties is bound;

     

    (c)  give
      rise
      to a right of termination, cancellation, amendment or acceleration of an
      obligation or loss of a benefit affecting, or result in the imposition of any
      Liens on, any of its assets; or

     

    (d)  violate
      Applicable Law.

     

    Section
      3.05  Title
      of Company Shares.
      Tejas
      is
      the record and beneficial owner of the Company Shares, with good and marketable
      title thereto, free and clear of all Encumbrances and upon delivery at the
      Closing, the Stockholders will receive good and valid title to the Company
      Shares, free and clear of any and all Encumbrances.

     

    Section
      3.06  Brokers.
      No
      Broker
      is entitled to any brokerage, finder’s or other fee or commission in connection
      with the Transactions based upon arrangements made by or on behalf of
      Tejas.

     

    Section
      3.07  Consents;
      Governmental Approvals.
      Tejas
      is
      not required to obtain any material order, consent, approval or authorization
      of, or to make any declaration or filing with, any Governmental Agency or any
      other person or entity in connection with its:

     

    (a)  executing
      and delivering this Agreement and each other document to be executed and
      delivered by it under this Agreement;

     

    (b)  performing
      its obligations under this Agreement and each other document to be executed
      and
      delivered by it under this Agreement; and

     

    (c)  consummating
      the Transactions.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    Section
      3.08  SEC
      Filings; Financial Statements.
      To
      the
      Knowledge of Tejas:

     

    (a)  Tejas
      has
      timely filed or otherwise transmitted all forms, reports, statements,
      certifications and other documents (including all exhibits, amendments and
      supplements thereto) required to be filed by it with the SEC since June 1,
      2005
      (all such forms, reports, statements, certificates and other documents filed
      by
      Tejas with the SEC, whether or not required to be filed, collectively, the
      "Tejas SEC Reports"). Each of Tejas’ SEC Reports, as amended, complied as to
      form in all material respects with the applicable requirements of the Securities
      Act, the Securities Exchange Act of 1934 and the rules and regulations
      promulgated thereunder (the "Exchange Act"), each as in effect on the date
      so
      filed and with then applicable accounting standards. None of the Tejas SEC
      Reports, when filed as amended, contained any untrue statement of a material
      fact or omitted to state a material fact required to be stated or incorporated
      by reference therein or necessary in order to make the statements therein,
      in
      the light of the circumstances under which they were made, not
      misleading.

     

    (b)  Each
      of
      the consolidated financial statements of Tejas and its Subsidiaries (including
      the related notes and schedules) included in the Tejas SEC Reports comply as
      to
      form in all material respect with the published rules and regulations of the
      SEC
      applicable thereto and have been prepared in accordance with generally accepted
      accounting principles applied on a consistent basis throughout the periods
      involved (except as may be indicated in the notes thereto). Each of the
      consolidated balance sheets of the Tejas and its Subsidiaries included in the
      Tejas SEC Reports (including the related notes and schedules) fairly presents,
      in all material respects, the consolidated financial position of Tejas and
      its
      Subsidiaries at the respective dates thereof, and each of the related
      consolidated statements of operations, cash flows and changes in stockholders'
      equity included in the Tejas SEC Reports (including any related notes and
      schedules) fairly presents, in all material respects, the results of operations
      and cash flows of Tejas and its Subsidiaries for the periods indicated (subject,
      in the case of unaudited statements, to normal period-end
      adjustments).

     

    ARTICLE
      IV

    

    REPRESENTATIONS
      AND WARRANTIES OF THE STOCKHOLDERS

     

    Each
      Stockholder hereby severally represents, warrants, and agrees that:

     

    Section
      4.01  Organization;
      Authority.

     

    (a)  Power
      to Enter into the Agreement.
      Each
      Stockholder has the power and authority, and with respect to individuals, the
      competency, to execute and deliver this Agreement and each other document to
      be
      executed and delivered by it under this Agreement, to perform its obligations
      under such documents, and to consummate the Transactions contemplated by or
      pursuant to this Agreement.

     

    (b)  Authorization
      of the Agreement.
      Each
      Stockholder has, by requisite action, authorized the execution, delivery and
      performance of this Agreement and each other document to be executed and
      delivered by it under this Agreement, and the consummation of the Transactions
      to which it is a party in accordance with Applicable Law.

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    (c)  Execution
      of the Agreement.
      Each
      Stockholder has duly executed and delivered this Agreement and each other
      document to be executed and delivered by it under this Agreement.

     

    Section
      4.02  Agreement
      Binds the Stockholders.
      This
      Agreement and each other document to be executed and delivered by each
      Stockholder under this Agreement constitutes the valid and legally binding
      obligation of the Stockholder, enforceable against it in accordance with its
      terms (subject to bankruptcy, insolvency, reorganization, moratorium and other
      similar laws affecting creditors’ rights generally and to general principles of
      equity, regardless of whether enforcement is sought in a proceeding in equity
      or
      at law).

     

    Section
      4.03  No
      Conflicts.
      Each
      Stockholder’s execution, delivery and performance of this Agreement, and of each
      other document to be executed and delivered by it under this Agreement, and
      the
      consummation of the Transactions, will not:

     

    (a)  conflict
      with, or result in a breach of, a provision of a contract, agreement or
      undertaking to which the Stockholder is a party, or by which it or any of its
      assets or properties is bound;

     

    (b)  give
      rise
      to a right of termination, cancellation, amendment or acceleration of an
      obligation or loss of a benefit affecting, or result in the imposition of any
      Liens on, any of its assets; or

     

    (c)  violate
      Applicable Law.

     

    Section
      4.04  Title
      to Tejas Stock.
      Each
      Stockholder is the record and beneficial owner of the Tejas Stock being
      conveyed, with good and marketable title thereto, free and clear of all
      Encumbrances (provided, however, that Encumbrances relating to the Merger
      Agreement, Escrow Agreement and Registration Rights Agreement shall be
      terminated only upon termination of each such agreement pursuant to the
      termination agreements attached hereto as Exhibits A,
      B and C
      hereof)
      and upon delivery at the Closing, Tejas will receive good and valid title to
      the
      Tejas Shares, free and clear of any and all Encumbrances.

     

    Section
      4.05  Consents;
      Governmental Approvals.
      No
      Stockholder is required to obtain any order, consent, approval or authorization
      of, or to make any declaration or filing with, any Governmental Agency or any
      other person or entity in connection with:

     

    (a)  executing
      and delivering this Agreement and each other document to be executed and
      delivered by them under this Agreement; and

     

    (b)  performing
      any of their obligations under this Agreement and each other document to be
      executed and delivered by them under this Agreement.

     

    Section
      4.06  Investment
      Representations.

     

    (a)  Each
      Stockholder is an Accredited Investor.

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    (b)  Each
      Stockholder, by reason of his or her business and financial experience has
      such
      knowledge, sophistication and experience in financial and business matters
      and
      in making investment decisions of this type that he/she is capable of
      (i) evaluating the merits and risks of an investment in the Company Common
      Stock and making an informed investment decision, (ii) protecting his or
      her own interest and (iii) bearing the economic risk of such investment. No
      Stockholder has retained a purchaser’s representative with respect to the
      investment in Company Common Stock.

     

    (c)  Each
      Stockholder is acquiring Company Common Stock for investment for the
      Stockholder’s own account, not as a nominee or agent and not with the view to,
      or any intention of, a resale or distribution thereof, in whole or in
      part.

     

    Section
      4.07  Brokers.
      No
      Broker
      is entitled to any brokerage, finder’s or other fee or commission in connection
      with the Transactions based upon arrangements made by or on behalf of any
      Stockholder.

     

    ARTICLE
      V

    

    REPRESENTATION
      AND WARRANTY OF THE COMPANY

     

    The
      Company hereby represents and warrants and agrees that:

     

    Section
      5.01  No
      Arrangements Pending or Subject to Binding Term Sheet.
      Except
      as
      set forth in Schedule 6
      and
      except for arrangements that are set forth on the books and records of the
      Company, to the Knowledge of the Company, there are no fee-generating
      arrangements that are currently pending or the subject of binding term sheets
      that would or should inure to the benefit of the Company.

     

    ARTICLE
      VI

    

    COVENANTS
      OF THE PARTIES

     

    Section
      6.01  Commercially
      Reasonable Efforts.
      Upon
      the
      terms and subject to the conditions set forth in this Agreement, each of the
      parties agrees to use all commercially reasonable efforts to take, or cause
      to
      be taken, all actions, and to do, or cause to be done, and to assist and
      cooperate with the other parties in doing, all things necessary, proper or
      advisable to consummate and make effective, in the most expeditious manner
      practicable, the Transactions contemplated by this Agreement, including
      (i) the obtaining of all necessary actions or nonactions, waivers, consents
      and approvals from Governmental Entities and the making of all necessary
      registrations and filings and the taking of all steps as may be necessary to
      obtain an approval or waiver from, or to avoid an action or proceeding by,
      any
      Governmental Entity, (ii) the obtaining of all necessary consents,
      approvals or waivers from third parties, (iii) the defending of any
      lawsuits or other legal proceedings, whether judicial or administrative,
      challenging this agreement or the consummation of the Transactions contemplated
      by this Agreement, and (iv) the execution and delivery of any additional
      instruments necessary to consummate the transactions contemplated by, and to
      fully carry out the purposes of, this Agreement.

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    Section
      6.02  Termination
      of the Agreements.
      Each
      of
      the parties agree that at or prior to the Closing Date, the Merger Agreement,
      the Escrow Agreement, the Registration Rights Agreement, the Non-Compete
      Agreements, and the Employment Agreements will be terminated and that a
      termination and release agreement with respect to each of such agreements will
      be executed, substantially in the forms attached hereto as Exhibit A
      (Merger
      Agreement), Exhibit B
      (Escrow
      Agreement), Exhibit C
      (Registration Rights Agreement), Exhibit D
      (Non-Compete Agreement) and Exhibit E
      (Employment Agreement).

     

    Section
      6.03  Stockholder
      Spousal Consent.
      Any
      Stockholder whose interest in the Tejas Common Stock may be subject to community
      or marital property on the Closing Date agrees to obtain and deliver to Tejas
      an
      executed consent of spouse substantially in the form of Exhibit F
      hereto,
      in each case effective at or before the Closing Date.

     

    Section
      6.04  Stock
      Options.
      The
      Stockholders agree that Tejas will cancel the Tejas Stock Options effective
      as
      of the Closing Date and Abbruzzese and Barr shall use their good faith
      reasonable efforts to cause each employee whose Stock Options have been
      cancelled by Tejas to execute a release substantially in the form of
Exhibit G
      hereto,
      in each case effective at or before the Closing Date.

     

    Section
      6.05  Resignation
      of the Company Board of Directors.
      Tejas
      agrees to cause the Company to obtain written letters of resignation from each
      of the current members of the Company Board of Directors, in each case effective
      immediately upon the Closing Date, and the successor directors listed in
Schedule 7
      hereof
      shall be elected to the Company’s Board of Directors on the Closing
      Date.

     

    Section
      6.06  Termination
      of Tejas Intercompany Receivable.
      Tejas
      agrees to cancel the Tejas Intercompany Receivable on or before the Closing
      Date.

     

    Section
      6.07  Directors
      and Officer and Insurance Continuation.
      Tejas
      shall use all commercially reasonable efforts to maintain directors and officers
      liability insurance in amounts and on terms at least as favorable as are
      provided to the continuing members of the Board of Directors and officers of
      Tejas for the benefit of each of the Stockholders who is currently covered
      by
      such insurance.

     

    Section
      6.08  Release
      of Stockholders and Tejas Affiliates.
      Each
      of
      the Stockholders, the Company and Tejas agree to execute a release relating
      to
      such Stockholder’s service as an officer or director of Tejas or the Company,
      such release to be substantially in the form attached hereto as Exhibit
      H
      and in
      each case effective at or before the Closing Date. The Company and each Tejas
      affiliate that served as an officer or director of the Company agree to execute
      a release relating to such Tejas affiliate’s service as an officer or director
      of the Company, substantially in the form of Exhibit
      I
      hereto
      and in each case effective at or before the Closing Date.

     

    Section
      6.09  COBRA
      Coverage.
      Tejas
      shall provide each employee of the Company who elects COBRA the opportunity
      to
      purchase up to 18 months of coverage commencing on the date of this
      Agreement.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    Section
      6.10  Further
      Assurances.
      Each
      of
      Tejas and the Company shall cooperate with one another to effect, and use all
      reasonable efforts to ensure, a smooth transition, including but not limited
      to
      transitions relating to personnel and employment matters, financial books and
      records and reporting requirements, and regulatory matters.

     

    Section
      6.11  Tax
      Reporting.
      For
      U.S.
      federal, state and local income tax purposes, each of Tejas and each Stockholder
      acknowledges and agrees that it or he shall (i) report the distribution of
      Company Shares as a taxable distribution from Tejas in redemption of each
      Stockholder’s Tejas Shares and the termination of the agreements set forth in
      Section 7.01(a) of this Agreement, and (ii) treat the Company Shares received
      in
      the transaction as having a fair market value equal to the fair market value
      of
      such Stockholder's Tejas Shares (determined pursuant to the valuation described
      in Section 7.03(g) of this Agreement).

     

    ARTICLE
      VII

    

    CONDITIONS
      PRECEDENT

     

    Section
      7.01  Conditions
      to Obligations of Tejas and Stockholders.
      The
      obligations of Tejas and of the Stockholders to effect the Transactions on
      the
      Closing Date are subject to the satisfaction of the following conditions
      precedent on or before the Closing Date: 

     

    (a)  Termination
      of Agreements.
      The
      Merger Agreement, the Escrow Agreement, the Registration Rights Agreement,
      the
      Non-Compete Agreements, and the Employment Agreements shall have been terminated
      and a termination and release agreement with respect to each of such agreements
      shall have been executed, substantially in the forms attached hereto as
Exhibit
      A
      (Merger
      Agreement), Exhibit
      B
      (Escrow
      Agreement), Exhibit
      C
      (Registration Rights Agreement), Exhibit
      D
      (Non-Compete Agreement), Exhibit
      E
      (Employment Agreement).

     

    (b)  Termination
      of Stock Options.
      The
      Tejas Stock Options shall have been cancelled, and each employee whose stock
      options has been cancelled (with the exception of Tim deCamp) shall have
      executed a release substantially in the form of Exhibit B
      hereto,
      in each case effective at or before the Closing Date.

     

    (c)  Employee
      Letters.
      Each
      employee of the Company shall have executed a letter substantially in the form
      of Exhibit J
      hereto,
      in each case effective at or before the Closing Date.

     

    Section
      7.02  Conditions
      to Obligations of Tejas.
      The
      obligation of Tejas to effect the Transactions on the Closing Date is further
      subject to the satisfaction of the following conditions precedent on or before
      the Closing Date:

     

    (a)  Delivery
      of Tejas Shares.
      Each of
      the Stockholders shall have delivered, or directed the Escrow Agent under the
      Escrow Agreement to deliver, to Tejas the certificates representing each
      Stockholder’s ownership of the Tejas Shares, free and clear of all Encumbrances,
      duly endorsed in blank for transfer or accompanied by a stock power duly
      executed in blank.

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

    (b)  Representations
      and Warranties.
      The
      representations and warranties of the Stockholders contained in this Agreement
      shall be true and correct when made and shall be true and correct as of the
      Closing Date, as if made as of the Closing Date (except for those
      representations and warranties that address matters as of a particular date,
      which need be true only as of such date).

     

    (c)  Agreements
      and Covenants.
      Each
      Stockholder shall have performed and complied with all covenants. agreements
      and
      conditions required by this Agreement to be performed or complied with by such
      parties prior to or on the Closing Date.

     

    (d)  Consents
      and Approvals.
      All
      consents, waivers, notices, authorizations and approvals shall have been duly
      obtained in form and substance reasonably satisfactory to Tejas and shall be
      in
      full force and effect on the Closing Date.

     

    (e)  Stockholder
      Spousal Consent.
      Any
      Stockholder whose interest in the Tejas Common Stock may be subject to community
      or marital property on the Closing Date shall have obtained and delivered to
      Tejas an executed consent of spouse in the form of Exhibit A
      hereto.

     

    (f)  Key
      Man Insurance.
      Tejas
      shall have cancelled the key man life insurance policies for the benefit of
      Tejas covering Abbruzzese and Barr in an amount equivalent to forty five million
      dollars ($45 million) and five million dollars ($5 million),
      respectively.

     

    Section
      7.03  Conditions
      to Obligations of the Stockholders.
      The
      obligation of the Stockholders to effect the Transactions on the Closing Date
      is
      further subject to the conditions precedent, which may be waived by the
      Purchaser, that the conditions set forth below shall have been satisfied on
      or
      before the Closing Date:

     

    (a)  Delivery
      of Company Shares.
      Tejas
      shall have delivered to the Stockholders the certificates representing the
      Company Shares, free and clear of all Encumbrances, duly endorsed in blank
      for
      transfer or accompanied by a stock power duly executed in blank.

     

    (b)  Representations
      and Warranties.
      The
      representations and warranties of Tejas contained in this Agreement shall be
      true and correct when made and shall be true and correct as of the Closing
      Date,
      as if made as of the Closing Date (except for those representations and
      warranties that address matters as of a particular date, which need be true
      only
      as of such date).

     

    (c)  Agreements
      and Covenants.
      Tejas
      shall have performed and complied with all covenants, agreements and conditions
      required by this Agreement to be performed or complied with by such parties
      prior to or on the Closing Date.

     

    (d)  Consents
      and Approvals.
      All
      consents, waivers, notices, authorizations and approvals shall have been duly
      obtained in form and substance reasonably satisfactory to the Stockholders
      and
      shall be in full force and effect on the Closing Date.

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

    (e)  Company
      Board of Directors.
      The
      Stockholders shall have received written letters of resignation from each of
      the
      current members of the Company Board of Directors, in each case effective
      immediately upon the Closing Date. The board of directors of the Company shall
      be constituted as specified in Section 5.10 hereof.

     

    (f)  Termination
      of Tejas Intercompany Receivable.
      Tejas
      shall have cancelled the Tejas Intercompany Receivable.

     

    (g)  Valuation.
      Tejas
      shall have received a valuation of the Tejas Shares from Sandler O’Neill &
Partners, L.P., an independent appraisal firm, and shall have been authorized
      to, and shall have, delivered a copy of such report to each of the
      Stockholders.

     

    ARTICLE
      VIII

    

     INDEMNIFICATION

     

    Section
      8.01  Survival
      of Representations and Warranties.
      All
      representations and warranties of the parties contained in this Agreement or
      any
      other Transaction Agreement shall survive the Closing.

     

    Section
      8.02  Indemnification
      of Tejas.

     

    (a)  After
      the
      Closing, the Company shall indemnify, defend and hold harmless Tejas and its
      affiliates and its and their respective officers, directors, employees, and
      agents (the “Tejas
      Indemnified Parties”)
      from
      any and all losses, costs, expenses (including, without limitation, reasonable
      attorneys’ and independent accountants’ fees and disbursements), liabilities,
      damages (excluding incidental, consequential or punitive damages), fines,
      penalties, charges, assessments, judgments, settlements, claims, causes of
      action and other obligations of any nature whatsoever (individually, a
“Loss”
and
      collectively, “Losses”)
      that
      the Tejas Indemnified Parties suffer related to, arising out of, or in
      connection with (i) Tejas’ ownership of the Company Shares during the period
      from July 1, 2005 to the date of this Agreement, other than for Losses arising
      from (x) matters relating to the financial, accounting and payroll books and
      records of the Company, the maintenance of such books and records and any claims
      arising from misstatements or omissions relating thereto, unless such Losses
      arise from facts underlying the information contained in such books and records
      or from information provided by the Company or its officers or employees
      (including officers and employees which are Stockholders but excluding officers
      or employees who are Tejas Indemnified Parties) to Tejas or its representatives
      and included in such books and records, in which case for avoidance of doubt,
      such Losses shall be indemnified under this clause (x), (y) any regulatory
      matters arising out of or relating to the Company’s affiliation with a regulated
      broker-dealer, unless such Losses arise from an act or omission of the Company
      itself or any of its officers or employees (including officers or employees
      who
      are Stockholders but excluding officers or employees who are Tejas Indemnified
      Parties) or the Stockholders, in which case for avoidance of doubt, such Losses
      shall be indemnified under this clause (y), and (ii) the fact that such Tejas
      Indemnified Party, or a person of whom such Tejas Indemnified Party is the
      legal
      representative, is or was a director or officer of the Company; provided that
      such indemnification shall be provided only as and to the extent that such
      person would have been entitled to indemnification under the certificate of
      incorporation and by-laws of the Company in effect on the date hereof and (z)
      any breach of the representation and warranty of the Company contained in
      Section 5.01.

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

    (b)  After
      the
      Closing, each Stockholder shall, severally and not jointly, indemnify, defend
      and hold harmless the Tejas Indemnified Parties from any and all Losses that
      the
      Tejas Indemnified Parties suffer related to, arising out of, or in connection
      with any breach of any representation, warranty or covenant of such Stockholder
      contained herein.

     

    Section
      8.03  Indemnification
      of the Company and the Stockholders.
      After
      the
      Closing, Tejas shall indemnify, defend and hold harmless the Company and each
      of
      the Stockholders, the Company’s officers, directors, employees, and agents and
      each of the Company’s and the Stockholder’s respective affiliates (the
“Company
      Indemnified Parties”)
      from
      any and Losses that the Company Indemnified Parties suffer related to, arising
      out of, or in connection with (i) the Company’s ownership by, and affiliation
      with, Tejas during the period from July 1, 2005 to the date of this Agreement,
      unless such Losses arise from an act or omission of the Company itself or any
      of
      its officers or employees (including officers or employees who are Stockholders
      but excluding officers or employees who are Tejas Indemnified Parties) or the
      Stockholders, in which case for avoidance of doubt, such Losses shall not be
      indemnified under this clause (i), (ii) the fact that such Company Indemnified
      Party is or was a director or officer of Tejas; provided that such
      indemnification shall be provided only as and to the extent that such person
      would have been entitled to indemnification under the certificate of
      incorporation and by-laws of Tejas in effect on the date hereof, and (iii)
      any
      breach of any representation, warranty or covenant of Tejas contained
      herein.

     

    Section
      8.04  Procedures
      for Indemnification.

     

    (a)  Promptly
      after receipt by a Tejas Indemnified Party or a Company Indemnified Party (such
      party, the “Indemnified
      Party”)
      of
      written notice of the assertion or the commencement of any proceeding by a
      third-party with respect to any matter referred to in Sections 8.02 (other
      than
      excepted matters) or 8.03, as applicable, the Indemnified Party shall give
      written notice thereof to the party(ies) responsible for indemnification
      pursuant to Sections 8.02 or 8.03 hereof (the “Indemnifying
      Party”),
      and
      thereafter shall keep the Indemnifying Party reasonably informed with respect
      thereto; provided, however, that failure of the Indemnified Party to give the
      Indemnifying Party notice as provided herein shall not relieve the Indemnifying
      Party of their obligations hereunder, except to the extent that the Indemnifying
      Party are prejudiced thereby. A claim for indemnification for any matter not
      involving a third-party proceeding may be asserted by notice to the Indemnifying
      Party and shall be paid promptly after such notice.

     

    (b)  If
      the
      facts pertaining to a Loss arise out of the claim of any third party, or if
      there is any claim against a third party available by virtue of the
      circumstances of the Loss, the Indemnifying Party may assume the defense or
      the
      prosecution thereof by prompt written notice to the Indemnified Party, including
      the employment of counsel or accountants, at its sole cost and expense. In
      connection therewith, the Indemnifying Party shall acknowledge that such claim
      is the proper subject of indemnification under Section 8.02 or 8.02, as
      applicable. The Indemnified Party shall have the right to employ counsel
      separate from counsel employed by the Indemnifying Party in any such action
      and
      to participate therein, but the fees and expense of such counsel employed by
      the
      Indemnified Party shall be at its sole cost and expense. Neither the
      Indemnifying Party nor the Indemnified Party shall be liable for any settlement
      of any such claim effected without their respective prior written consent,
      which
      shall not be unreasonably withheld; provided
      that if
      the Indemnifying Party does not assume the defense or prosecution of a claim
      as
      provided above without thirty (30) days after notice thereof from the
      Indemnified Party, the Indemnified Party may settle such claim without the
      Indemnifying Party’s consent. Whether or not the Indemnifying Party chooses to
      so defend or prosecute such claim, all the parties hereto shall cooperate in
      the
      defense or prosecution thereof and shall furnish such records, information
      and
      testimony, and attend such conferences, discovery proceedings, hearings, trails
      and appeals, as may be reasonably requested in connection
      therewith.

     

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

    Section
      8.05  Sole
      Remedy.
      After
      the
      Closing, (x) the rights and remedies set forth in this Article VII shall
      constitute the sole and exclusive rights and remedies of the Indemnified Parties
      hereto following the Closing with respect to any breach of a representation
      and
      warranty under this Agreement or any of the Losses enumerated in Section 8.02
      or
      8.03, as applicable, except for Losses attributable to fraud or intentional
      malfeasance, in which case the aggrieved party shall have recourse to all
      remedies at law or in equity.

     

    Section
      8.06  Continuation
      of the Company.
      The
      Stockholders agree to maintain the Company’s existence and not to liquidate or
      dissolve the Company through the third anniversary of the Closing (the “Term”).
      During the Term, the Company shall: (i) continue to own those assets that it
      owns as of the Closing, which assets shall include, without limitation, fees
      received or to be received in the form of third party equity, receivables and
      work in process under contracts to which the Company is a party that were
      executed on or before the Closing (the “Contracts”), any contractual benefits
      (including rights to indemnification) under the Contracts, and any revenues
      earned after the Closing relating to the Contracts, subject to payment of
      ordinary course liabilities set forth in clause (ii) below; (ii) not incur
      any
      liabilities, other than ordinary course liabilities relating to performance
      of
      the Contracts such as personnel costs and prorated overhead costs; and (iii)
      not
      make any distributions to any Stockholders or their affiliates.

     

    ARTICLE
      IX

    

    GENERAL
      PROVISIONS

    

    Section
      9.01  Dispute
      Resolution. Resolution
      of any dispute arising from or in connection with this Agreement, including
      but
      not limited to any disputes relating to indemnification pursuant to Article
      VII,
      shall be exclusively governed by and settled in accordance with the provisions
      of this Section 9.01. The parties shall make a good faith attempt to resolve
      any
      dispute arising out of or relating to this Agreement through informal
      negotiation between appropriate representatives of the Stockholders, the Company
      and Tejas. If at any time either party contends that such negotiations are
      not
      leading to a resolution of the dispute, such party may request a meeting of
      the
      senior executives from each party. Within ten (10) business days after such
      notice of a dispute is given, each party shall select appropriate senior
      executives of each party who shall have the authority to resolve the matter
      and
      shall meet to attempt in good faith to negotiate a resolution of the dispute
      prior to pursuing other available remedies. Discussions and correspondence
      among
      the senior executives for purposes of these negotiations shall be treated as
      confidential information and may not be disclosed without the prior written
      consent of both parties. In the event that any dispute arising out of or related
      to this Agreement is not settled by the parties within thirty (30) days after
      the first meeting of the negotiating senior executives, the dispute will be
      settled by arbitration in accordance with the Commercial Arbitration Rules
      of
      the American Arbitration Association ("AAA") then in effect, and judgment upon
      the award rendered by the arbitrator may be entered in any court of competent
      jurisdiction. Any such arbitration shall be conducted in New York City. Unless
      otherwise agreed, the arbitration will be presided over by a panel of three
      arbitrators with one selected by Tejas and one by the Company and the third
      selected by the arbitrators selected by the parties. The arbitrators shall
      control the scheduling so as to process the matter expeditiously. The
      arbitrators may not make any ruling, finding or award that does not conform
      to
      the terms and conditions of this Agreement. Either party, before or during
      any
      arbitration, may apply to a court of competent jurisdiction for a temporary
      restraining order or preliminary injunction where such relief is necessary
      to
      protect its interests pending completion of the arbitration proceedings. Neither
      party nor the arbitrators may disclose the evidence or result of any arbitration
      hereunder without the prior written consent of both parties. Before arbitration
      or any other form of legal or equitable proceeding, the aggrieved party shall
      give the other party written notice describing the dispute and amount as to
      which it intends to initiate action and the prior effort it has made to resolve
      such dispute. The parties agree that this Agreement involves interstate commerce
      and, notwithstanding any choice of law provisions in this Agreement, any
      arbitration hereunder shall be governed by the Federal Arbitration Act (or
      any
      successor thereto). Fees and expenses shall be allocated in accordance with
      the
      arbitrator's determination based on equitable considerations. In no event shall
      either party be liable to the other party for any punitive damages.

     

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

    Section
      9.02  Expenses.
      Each
      of
      the parties shall bear its own costs and expenses (including legal fees and
      expenses) incurred in connection with this Agreement and the Transactions
      contemplated hereby.

     

    Section
      9.03  No
      Third-Party Beneficiaries.
      This
      Agreement shall not confer any rights or remedies upon any Person other than
      the
      parties and their respective successors and permitted assigns.

     

    Section
      9.04  Entire
      Agreement.
      This
      Agreement, including the Exhibits attached hereto, constitute the entire
      agreement among the parties and supersedes any prior understandings, agreements,
      or representations by or among the parties, written or oral, to the extent
      they
      relate in any way to the subject matter hereof. 

     

    Section
      9.05  Succession
      and Assignment.
      This
      Agreement shall be binding upon and inure to the benefit of the parties named
      herein and their respective successors and permitted assigns. No party may
      assign either this Agreement or any of its rights, interests, or obligations
      hereunder without the prior written approval of Tejas and the
      Company.

     

    Section
      9.06  Counterparts
      and Facsimile Signatures.
      This
      Agreement may be executed in two (2) or more counterparts, each of which shall
      be deemed an original but all of which together shall constitute one and the
      same instrument. The counterparts of this Agreement may be executed and
      delivered by facsimile signature by any of the parties to any other party and
      the receiving party may rely on the receipt of such document so executed and
      delivered by facsimile as if the original had been received.

     

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

    Section
      9.07  Headings.
      The
      section headings contained in this Agreement are inserted for convenience only
      and shall not affect in any way the meaning or interpretation of this
      Agreement.

     

    Section
      9.08  Notices.
      All
      notices, requests, demands, claims, and other communications hereunder will
      be
      in writing. Any notice, request, demand, claim, or other communication hereunder
      shall be deemed properly delivered, given and received when delivered (by hand,
      by registered mail, by courier or express delivery services or by facsimile);
      provided that if delivered on a date that is not a Business Day or after 5:00
      p.m. on a Business Day (in each case at the place of delivery), such notice,
      request, demand, claim or other communication shall be deemed delivered on
      the
      next succeeding Business Day; provided, further that such notice, request,
      demand, claim or other communication is delivered to the applicable party at
      the
      party’s address or facsimile number as set forth below,

     

    
      	 	
              (a)

            	
              If
                to Tejas or the Company prior to the Closing Date, addressed to it
                at:

               

              
                Tejas
                  Incorporated

                8226
                  Bee Caves Road

                Austin,
                  TX 78746

                Attention:
                  Kurt J. Rechner

                Fax:
                  512-347-9074

                 

                With
                  a copy to:

                

                Cadwalader,
                  Wickersham & Taft LLP

                One
                  World Financial Center

                New
                  York, NY 10281

                Fax:
                  212-504-6666

                Attention:
                  Dennis J. Block, Esq.

              

            

    

     

    
      	 	
              (b)

            	
              If
                to the Stockholders, addressed to it at:

               

              
                Capital
                  & Technology Advisors, Inc.

                18
                  Corporate Woods Boulevard, 3rd Floor

                Albany,
                  NY 12211

                Attention:
                  Wayne Barr, Jr.

                Fax:
                  (518) 462-3045

              

            

    

    

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

       

       

    

    
      	
            	
               

            	
              With
                a copy to:

               

              Day,
                Berry & Howard LLP

              One
                International Place

              Boston,
                MA 02110

              Attention:
                Sabino Rodriguez III, Esq.

                          
                Andrea M. Teichman, Esq.

              Fax:
                (617) 345-4745

            

    

     

    Any
      party
      may change the address to which notices, requests, demands, claims, and other
      communications hereunder are to be delivered by giving the other parties notice
      in the manner herein set forth.

     

    Section
      9.09  Governing
      Law and Jurisdiction.
      This
      Agreement shall be governed by and construed in accordance with the domestic
      laws of the State of New York without giving effect to any choice or conflict
      of
      law provision or rule (whether of the State of New York or any other
      jurisdiction) that would cause the application of the laws of any jurisdiction
      other than the State of New York. Each party hereby consents to the exclusive
      jurisdiction of any New York state or United States Federal court sitting in
      the
      City of New York with respect to all disputes between the parties.

     

    Section
      9.10  Amendments
      and Waivers.
      This
      Agreement may be amended by the parties. No amendment of any provision of this
      Agreement shall be valid unless the same shall be in writing and signed by
      the
      parties. No waiver by any party of any provision of this Agreement or any
      default, misrepresentation, or breach of warranty or covenant hereunder, whether
      intentional or not, shall be valid unless the same shall be in writing and
      signed by the party making such waiver, nor shall such waiver be deemed to
      extend to any prior or subsequent default, misrepresentation, or breach of
      warranty or covenant hereunder or affect in any way any rights arising by virtue
      of any prior or subsequent such occurrence. 

     

    Section
      9.11  Severability.
      Any
      term
      or provision of this Agreement that is invalid or unenforceable in any situation
      in any jurisdiction shall not affect the validity or enforceability of the
      remaining terms and provisions hereof or the validity or enforceability of
      the
      offending term or provision in any other situation or in any other
      jurisdiction.

     

    Section
      9.12  Construction.
      The
      parties have participated jointly in the negotiation and drafting of this
      Agreement. In the event an ambiguity or question of intent or interpretation
      arises, this Agreement shall be construed as if drafted jointly by the parties
      and no presumption or burden of proof shall arise favoring or disfavoring any
      party by virtue of the authorship of any of the provisions of this Agreement.
      The words “including”, “include” or “includes” shall mean “including without
      limitation.”
The
      parties intend that each representation, warranty and covenant contained herein
      shall have independent significance. Any reference in this Agreement to a
      statute shall be to such statute, as amended from time to time, and to the
      rules
      and regulations promulgated thereunder.

     

    Section
      9.13  Specific
      Performance.
      The
      parties hereto agree that if, on or prior to the Closing Date, any of the
      provisions of this Agreement or any other document contemplated by this
      Agreement were not performed in accordance with their specific terms or were
      otherwise breached, irreparable damage would occur, no adequate remedy at law
      would exist and damages would be difficult to determine, and, therefore, prior
      to the Closing Date, the parties shall be entitled to specific performance
      of
      the terms hereof and thereof, in addition to any other remedy at law or in
      equity.

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
 

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      date
      first above written.

     

    
      	 	 	 
	 	TEJAS
              INCORPORATED
	 
 	 
 	 
 
	 	By:  	
              /s/
                Kurt J. Rechner

            
	 	
              
Name:
Kurt
              J. Rechner
	 	Title:
               Authorized Signatory

    

    
       

      
        	 	 	 
	 	CAPITAL
                & TECHNOLOGY ADVISORS, INC.
	 
 	 
 	 
 
	 	By:  	
                /s/
                  Wayne Barr, Jr.

              
	 	
                
Name:
Wayne
                Barr, Jr.
	 	Title:
                 Authorized Signatory

      

      
         

        
          	 	 	 
	 	
                  STOCKHOLDERS:

                   

                  WINCHESTER DEVELOPMENT
                    LLC

                
	 
 	 
 	 
 
	 	By:  	/s/ Jared
                  E.
                  Abbruzzese, Sr.
	 	
                  
Name:
                  Jared E. Abbruzzese, Sr.
	 	Title:
                   Authorized Signatory

        

        
           

          
            	 	 	 
	 	WAYNE
                    BARR, JR.
	 
 	 
 	 
 
	 	        	/s/ Wayne
                    Barr, Jr.
	 	
                    

                  
	 	 

          

          
            
              	 	 	 
	 	SHAWN
                      O’DONNELL
	 
 	 
 	 
 
	 	        	/s/ Shawn
                      O'Donnell
	 	
                      

                    
	 	 

            

             

             

             

            
              
                Purchase
                  Agreement

                
                  
                    
                    

                  

                  
                    
                    

                    
                      

                    

                  

                  
                    
                    

                  

                   

                

                
                  	 	 	 
	 	PATRICK
                          DOYLE
	 
 	 
 	 
 
	 	       	/s/ Patrick
                          Doyle
	 	
                          

                        
	 	 

                

                
                  
                    
                      	 	 	 
	 	JOHN
                              P.
                              BADE
	 
 	 
 	 
 
	 	       	/s/ John
                              P.
                              Bade
	 	
                              

                            
	 	 

                    

                     

                     

                  

                

              

            

          

        

      

    

    
Purchase
      Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      1

     

    EMPLOYMENT
      AGREEMENTS

    

    
      	1. 
               	
              Employment
                and Confidentiality Agreement, dated July [   ],2005, among
                Tejas, the Company and Wayne Barr,
                Jr.

            

    

     

    
      	2.
                	
              Employment
                and Confidentiality Agreement, dated July [   ],2005, among
                Tejas, the Company and Shawn
                O’Donnell.

            

    

     

     

    
      
        
        

      

      
        Sch.
          1-1

        
          

        

      

      
        
        

      

       

    

    SCHEDULE 2

     

    NON-COMPETE
      AGREEMENTS

    

    
      	1.
                	
              Non-Compete
                Agreement, dated as of July 1, 2005, by and between Tejas and Wayne
                Barr,
                Jr..

            

    

     

    
      	2.
                	
              Non-Compete
                Agreement, dated as of July 1, 2005, by and between Tejas and Jared
                E.
                Abbruzzese, Sr.

            

    

     

     

    
      
        
        

      

      
        Sch.
          2-1

        
          

        

      

      
        
        

      

       

    

    SCHEDULE
      3

     

    TEJAS
      COMMON STOCK

    

    
      	
              Shareholder

            	 	
              Number
                of Shares of Tejas

              Common
                Stock

            
	
              Winchester
                Development LLC (fka Niskayuna Development LLC)* 

            	 	
              2,366,026

            
	
              Wayne
                Barr, Jr.

            	 	
               
                417,814

            
	
              Shawn
                O’Donnell

            	 	
                 
                24,947

            
	
              Patrick
                Doyle

            	 	
                 
                19,896

            
	
              John
                P. Bade

            	 	
                 
                19,896

            
	
              HSBC
                Bank USA, National Association

            	 	
               
                309,316

            

    

    

    

    
      
        

      

      
        *
          Now
          known as Winchester Development LLC

      

    

     

    
      
        
        

      

      
        Sch.
          3-1

        
          

        

      

      
        
        

      

       

    

    SCHEDULE
      4

     

    COMPANY
      COMMON STOCK

    

    
      	
              Shareholder

            	 	
              Number
                of Shares of Company

              Common
                Stock

            
	
              Winchester
                Development LLC (fka Niskayuna Development LLC)* 

            	 	
              249.751251

            
	
              Wayne
                Barr, Jr.

            	 	
                
                44.07375

            
	
              Shawn
                O’Donnell

            	 	
                 
                2.375001

            
	
              Patrick
                Doyle

            	 	
                  
                1.89999

            
	
              John
                P. Bade

            	 	
                 
                1.89999

            

    

    

    

    
      
        

      

      
        *
          Now
          known as Winchester Development LLC

      

    

     

    
      
        
        

      

      
        Sch.
          4-1

        
          

        

      

      
        
        

      

       

    

    SCHEDULE
      5

     

    STOCK
      OPTIONS

    

    
      	
              Name

            	 	
              Number

            	 	
              Type

            	 	
              Grant
                

              Date

            	 	
              Exercise
                

              Price

            	 	
              Expiration

            	 	
              Employee

            	 	
              In
                Plan

            	 	
              Vested

            	 	
              Ex
                Price

            	 	
              Value

            	 	
              Granted

            	 	
              Ex
                Price

            	 	
              Value

            	 
	
              Shawn
                O’Donnell

            	 	 	
              44,000

            	 	 	
              ISO

            	 	 	
              12/14/05

            	 	
              $

            	
              6.75

            	 	 	
              12/14/2010

            	 	 	
              44,000

            	 	 	
              44,000

            	 	 	
              14,666

            	 	 	
              6.75

            	 	 	
              98,996

            	 	 	
              44,000

            	 	 	
              6.75

            	 	 	
              297,000

            	 
	
              Shawn
                O’Donnell

            	 	 	
              6,000

            	 	 	
              NSO

            	 	 	
              12/14/05

            	 	
              $

            	
              6.75

            	 	 	
              12/14/2010

            	 	 	
              6,000

            	 	 	
              6,000

            	 	 	
              2,000

            	 	 	
              6.75

            	 	 	
              13,500

            	 	 	
              6,000

            	 	 	
              6.75

            	 	 	
              40,500

            	 
	
              Pat
                Doyle

            	 	 	
              40,000

            	 	 	
              NSO

            	 	 	
              12/14/05

            	 	
              $

            	
              6.75

            	 	 	
              12/14/2010

            	 	 	
              -

            	 	 	
              40,000

            	 	 	
              13,333

            	 	 	
              6.75

            	 	 	
              89,998

            	 	 	
              40,000

            	 	 	
              6.75

            	 	 	
              270,000

            	 
	
              Pete
                Bade

            	 	 	
              40,000

            	 	 	
              NSO

            	 	 	
              12/14/05

            	 	
              $

            	
              6.75

            	 	 	
              12/14/2010

            	 	 	
              -

            	 	 	
              40,000

            	 	 	
              13,333

            	 	 	
              6.75

            	 	 	
              89,998

            	 	 	
              40,000

            	 	 	
              6.75

            	 	 	
              270,000

            	 
	
              Lauren
                Brockman

            	 	 	
              15,000

            	 	 	
              NSO

            	 	 	
              12/14/05

            	 	
              $

            	
              6.75

            	 	 	
              12/14/2010

            	 	 	
              -

            	 	 	
              15,000

            	 	 	
              5,000

            	 	 	
              6.75

            	 	 	
              33,750

            	 	 	
              15,000

            	 	 	
              6.75

            	 	 	
              101,250

            	 
	
              Matt
                Muckelbauer

            	 	 	
              15,000

            	 	 	
              NSO

            	 	 	
              12/14/05

            	 	
              $

            	
              6.75

            	 	 	
              12/14/2010

            	 	 	
              -

            	 	 	
              15,000

            	 	 	
              5,000

            	 	 	
              6.75

            	 	 	
              33,750

            	 	 	
              15,000

            	 	 	
              6.75

            	 	 	
              101,250

            	 
	
              Eduardo
                Sanchez

            	 	 	
              15,000

            	 	 	
              ISO

            	 	 	
              12/14/05

            	 	
              $

            	
              6.75

            	 	 	
              12/14/2010

            	 	 	
              15,000

            	 	 	
              15,000

            	 	 	
              5,000

            	 	 	
              6.75

            	 	 	
              33,750

            	 	 	
              15,000

            	 	 	
              6.75

            	 	 	
              101,250

            	 
	
              Tim
                deCamp

            	 	 	
              15,000

            	 	 	
              NSO

            	 	 	
              12/14/05

            	 	
              $

            	
              6.75

            	 	 	
              12/14/2010

            	 	 	
              -

            	 	 	
              15,000

            	 	 	
              5,000

            	 	 	
              6.75

            	 	 	
              33,750

            	 	 	
              15,000

            	 	 	
              6.75

            	 	 	
              101,250

            	 
	
              Nelson
                Oliveira

            	 	 	
              5,000

            	 	 	
              ISO

            	 	 	
              12/14/05

            	 	
              $

            	
              6.75

            	 	 	
              12/14/2010

            	 	 	
              5,000

            	 	 	
              5,000

            	 	 	
              1,666

            	 	 	
              6.75

            	 	 	
              11,246

            	 	 	
              5,000

            	 	 	
              6.75

            	 	 	
              33,750

            	 

    

    

    
      
        
        

      

      
        Sch.
          5-1

        
          

        

      

      
        
        

      

    

    SCHEDULE
      6

     

    COMPANY
      ARRANGEMENTS THAT ARE PENDING OR SUBJECT TO BINDING TERM
      SHEETS

    

    
      	1.  
               	
              Term
                sheet dated May 24, 2006 by and between Advanced Services, Inc. and
                Winchester Aviation Development
                LLC.

            

    

     

    
      	2. 
                	
              While
                not a Company arrangement, the Stockholders are in the process of
                evaluating potential strategic opportunities with companies and/or
                businesses involved in the CLEC, ILEC, CAP, satellite, wireless,
                tower and
                related infrastructure industries (collectively, “Telecom Businesses”) and
                will continue to do so following the Closing. These evaluations include
                review of opportunities related to the acquisition of, investment
                in,
                management of and/or consulting to, one or more companies or businesses
                involved in Telecom Businesses. The Stockholders have had discussions
                with
                financing sources related to the foregoing and contacted business
                brokers
                representing possible targets in the Telecom Businesses.
                

            

    

     

     

    
      
        
        

      

      
        Sch.
          6-1

        
          

        

      

      
        
        

      

       

    

    SCHEDULE
      7

     

    BOARD
      OF DIRECTORS OF COMPANY

    None.

     

     

    
 

    
      
        
        

      

      
        Sch.
          7-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

     

    FORM
      OF TERMINATION AND RELEASE AGREEMENT RELATING TO MERGER
      AGREEMENT

     

    THIS
      TERMINATION AND RELEASE AGREEMENT (this "Agreement") is made and executed this
      1st day of October, 2006 among Tejas Incorporated, a Delaware corporation,
      Capital & Technology Advisors, Inc., a Delaware corporation, and the persons
      and entities listed on the signature page hereto (each a “Party” and,
      collectively, the “Parties”).

     

    W
      I T NE
      S S E T H:

     

    WHEREAS,
      the Parties executed an Agreement and Plan of Merger, dated July 1, 2005 (the
      "Merger Agreement") a copy of which is attached hereto as Exhibit A;
      and

     

    WHEREAS,
      the terms and provisions of the Merger Agreement notwithstanding, the Parties
      desire to terminate the Merger Agreement in its entirety.

     

    NOW
      THEREFORE, in consideration of the premises and mutual covenants contained
      herein, and for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the Parties, intending to be legally bound, hereby
      agree as follows:

     

    1.     Termination
      of the Agreement.
      Effective as of the date hereof, the Merger Agreement shall be terminated in
      its
      entirety and shall be of no further force or effect.

     

    2.     Mutual
      and General Release.
      The
      Parties, for themselves and their respective successors, predecessors,
      assignees, affiliates, subsidiaries, officers, directors, partners, employees,
      attorneys, consultants, representatives, agents and entities they control
      (collectively, their “Respective Entities”), hereby mutually and generally
      release and discharge each other and each other’s Respective Entities from any
      and all suits, debts, charges, obligations, liabilities, causes of action and
      claims, whether at law or in equity, of any kind or nature whatsoever, known
      or
      unknown, which the Parties and their Respective Entities ever had, now have
      or
      hereafter can, shall or may have against the other, for, upon, or by reason
      of
      any matter, cause or thing arising, accruing or relating to the Merger Agreement
      (collectively, the “Released Matters”). This is intended to be the broadest
      mutual and general release possible to give under law.

     

    3.     Covenant
      Not to Sue.
      The
      Parties hereto represent and warrant that they will not hereafter institute
      or
      pursue, or permit to be filed by any other person or entity on their behalf,
      any
      claim, charge or action before any legislative or judicial body against any
      Party to this Agreement or against any person bound by this Agreement on account
      of any Released Matter that occurred or failed to occur up to and including
      the
      date of this Agreement. The Parties hereto represent and warrant that they
      have
      not assigned any rights or claims under the Merger Agreement.

     

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

    4.     No
      Admissions.
      By
      entering into this Agreement, including the release and covenant not to sue,
      none of the Parties admits to any wrongdoing or liability of any kind or
      character.

     

    5.     Counsel.
      Each
      Party acknowledges that the Party has carefully reviewed and understands the
      terms of this Agreement and in connection herewith has had sufficient and
      adequate opportunity to consult with legal counsel.

     

    6.     Entire
      Agreement.
      This
      Agreement constitutes the entire agreement and understanding of the Parties,
      and
      supersedes all prior oral and written agreements or understandings between
      the
      Parties, regarding the subject matter hereof. The provisions of this Agreement
      are severable, and if any part of it is found to be unenforceable, the other
      paragraphs shall remain fully valid and enforceable.

     

    7.     Governing
      Law.
      This
      Agreement shall be construed by and enforced in accordance with the internal
      laws of the State of New York without giving effect to the choice of law rules
      thereof.

     

    8.     Counterparts.
      This
      Agreement may be executed through the use of separate signature pages or in
      any
      number of counterparts, and each of such counterparts shall, for all purposes,
      constitute one agreement binding on all Parties, notwithstanding that all
      Parties are not signatories to the same counterpart.

     

     

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of
      the
      Parties as of the day first above written.

     

    
      
        	 	CAPITAL & TECHNOLOGY
                ADVISORS, INC.:
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	Authorized
                Signatory
	 	 	 
	 	TEJAS
                INCORPORATED:
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	Authorized
                Signatory
	 	 	 
	 	STOCKHOLDERS:
	 	 	 
	 	WINCHESTER DEVELOPMENT
                LLC
	 	 	 
	 	By:	 
	 	Name:	Jared
                E.Abbruzzese, Sr.
	 	Title:	Authorized
                Signatory
	 	 	 
	 	WAYNE BARR,
                JR.
	 	 	 
	 	 	 

      

       

      
        
          
          

        

        
          A-3

          
            

          

        

        
          
          

        

      

       

      
        	 	SHAWN
                O’DONNELL
	 	 	 
	 	 	 
	 	 	 
	 	PATRICK
                DOYLE
	 	 	 
	 	 	 
	 	 	 
	 	JOHN P.
                BADE
	 	 	 
	 	 	 

      

    

     

    

    
      
        
        

      

      
        A-4

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    FORM
      OF TERMINATION AND RELEASE AGREEMENT RELATING TO ESCROW
      AGREEMENT

     

    THIS
      TERMINATION AND RELEASE AGREEMENT (this "Agreement") is made and executed this
      1st day of October, 2006 among Tejas Incorporated, a Delaware corporation,
      Capital & Technology Advisors Inc., a Delaware corporation, the persons and
      entities listed on the signature page hereto, and HSBC Bank USA, National
      Association, as escrow agent (each a “Party” and, collectively, the
“Parties”).

     

    W
      I T NE
      S S E T H:

     

    WHEREAS,
      the Parties executed an Escrow Agreement, dated July 1, 2005, a copy of which
      is
      attached hereto as Exhibit A; and

     

    WHEREAS,
      the terms and provisions of the Escrow Agreement notwithstanding, the Parties
      desire to terminate the Escrow Agreement in its entirety.

     

    NOW
      THEREFORE, in consideration of the premises and mutual covenants contained
      herein, and for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the Parties, intending to be legally bound, hereby
      agree as follows:

     

    1.     Termination
      of the Agreement.
      Effective as of the date hereof, the Escrow Agreement shall be terminated in
      its
      entirety and shall be of no further force or effect.

     

    2.     Delivery
      of the Shares.
      Tejas
      Incorporated, Niskayuna Development LLC (now known as Winchester Development
      LLC) and Wayne Barr, Jr. hereby direct the Escrow Agent to deliver the Escrowed
      Property (as defined in the Escrow Agreement) to Tejas Incorporated at the
      Closing pursuant to Section 2.01 of the Purchase Agreement of even date
      herewith among Tejas Incorporated, Capital & Technology Advisors, Inc. and
      the persons listed on the signature page thereto.

     

    3.     Mutual
      and General Release.
      The
      Parties, for themselves and their respective successors, predecessors,
      assignees, affiliates, subsidiaries, officers, directors, partners, employees,
      attorneys, consultants, representatives, agents and entities they control
      (collectively, their “Respective Entities”), hereby mutually and generally
      release and discharge each other and each other’s Respective Entities from any
      and all suits, debts, charges, obligations, liabilities, causes of action and
      claims, whether at law or in equity, of any kind or nature whatsoever, known
      or
      unknown, which the Parties and their Respective Entities ever had, now have
      or
      hereafter can, shall or may have against the other, for, upon, or by reason
      of
      any matter, cause or thing arising, accruing or relating to the Escrow Agreement
      (collectively, the “Released Matters”). This is intended to be the broadest
      mutual and general release possible to give under law.

     

    
      
        
        

      

      
        B-1

        
          

        

      

      
        
        

      

    

    4.     Covenant
      Not to Sue.
      The
      Parties hereto represent and warrant that they will not hereafter institute
      or
      pursue, or permit to be filed by any other person or entity on their behalf,
      any
      claim, charge or action before any legislative or judicial body against any
      Party to this Agreement or against any person bound by this Agreement on account
      of any Released Matter that occurred or failed to occur up to and including
      the
      date of this Agreement. The Parties hereto represent and warrant that they
      have
      not assigned any rights or claims under the Escrow Agreement.

     

    5.     No
      Admissions.
      By
      entering into this Agreement, including the release and covenant not to sue,
      none of the Parties admits to any wrongdoing or liability of any kind or
      character.

     

    6.     Fees.
      The
      Escrow Agent hereby confirms that there are no fees due and owing to it by
      the
      other Parties hereto.

     

    7.     Counsel.
      Each
      Party acknowledges that the Party has carefully reviewed and understands the
      terms of this Agreement and in connection herewith has had sufficient and
      adequate opportunity to consult with legal counsel.

     

    8.     Entire
      Agreement.
      This
      Agreement constitutes the entire agreement and understanding of the Parties,
      and
      supersedes all prior oral and written agreements or understandings between
      the
      Parties, regarding the subject matter hereof. The provisions of this Agreement
      are severable, and if any part of it is found to be unenforceable, the other
      paragraphs shall remain fully valid and enforceable.

     

    9.     Governing
      Law.
      This
      Agreement shall be construed by and enforced in accordance with the internal
      laws of the State of New York without giving effect to the choice of law rules
      thereof.

     

    10.   Counterparts.
      This
      Agreement may be executed through the use of separate signature pages or in
      any
      number of counterparts, and each of such counterparts shall, for all purposes,
      constitute one agreement binding on all Parties, notwithstanding that all
      Parties are not signatories to the same counterpart.

     

     

    
      
        
        

      

      
        B-2

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of
      the
      Parties as of the day first above written.

     

    
      
        
          	 	TEJAS
                  INCORPORATED
	 	 	 
	 	By:	

                   

                
	 	Name:	
                  Kurt
                    J. Rechner

                
	 	Title:	Authorized
                  Signatory
	 	 	 
	 	CAPITAL & TECHNOLOGY
                  ADVISORS, INC.
	 	 	 
	 	By:	
                   

                
	 	Name:	Wayne
                  Barr, Jr.
	 	Title:	Authorized
                  Signatory
	 	 	 
	 	 	 
	 	WINCHESTER
                  DEVELOPMENT
                  LLC
	 	 	 
	 	By:	 
	 	Name:	Jared
                  E.Abbruzzese, Sr.
	 	Title:	Authorized
                  Signatory
	 	 	 
	 	WAYNE BARR,
                  JR.
	 	 	 
	 	 	 

        

        
           

          
            
              
                	 	HSBC
                        BANK USA, NATIONAL
                        ASSOCIATION
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	Authorized
                        Signatory

              

               

            

          

        

      

    

     

    
      
        
        

      

      
        B-3

        
          

        

      

      
        
        

      

    

    EXHIBIT
      C

     

    FORM
      OF TERMINATION AND RELEASE AGREEMENT RELATING TO REGISTRATION RIGHTS
      AGREEMENT

     

    THIS
      TERMINATION AND RELEASE AGREEMENT (this "Agreement") is made and executed this
      1st day of October, 2006 among Tejas Incorporated, a Delaware corporation,
      and
      the persons listed on the signature pages hereof (each a “Party” and,
      collectively, the “Parties”).

     

    W
      I T NE
      S S E T H:

     

    WHEREAS,
      the Parties executed a Registration Rights Agreement, dated July 1, 2005 (the
      "Rights Agreement"), a copy of which is attached hereto as Exhibit A;
      and

     

    WHEREAS,
      the terms and provisions of the Rights Agreement notwithstanding, the Parties
      desire to terminate the Rights Agreement in its entirety.

     

    NOW
      THEREFORE, in consideration of the premises and mutual covenants contained
      herein, and for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the Parties, intending to be legally bound, hereby
      agree as follows:

     

    1.     Termination
      of the Agreement.
      Effective as of the date hereof, the Rights Agreement shall be terminated in
      its
      entirety and shall be of no further force or effect.

     

    2.     Mutual
      and General Release.
      The
      Parties, for themselves and their respective successors, predecessors,
      assignees, affiliates, subsidiaries, officers, directors, partners, employees,
      attorneys, consultants, representatives, agents and entities they control
      (collectively, their “Respective Entities”), hereby mutually and generally
      release and discharge each other and each other’s Respective Entities from any
      and all suits, debts, charges, obligations, liabilities, causes of action and
      claims, whether at law or in equity, of any kind or nature whatsoever, known
      or
      unknown, which the Parties and their Respective Entities ever had, now have
      or
      hereafter can, shall or may have against the other, for, upon, or by reason
      of
      any matter, cause or thing arising, accruing or relating to the Rights Agreement
      (collectively, the “Released Matters”). This is intended to be the broadest
      mutual and general release possible to give under law.

     

    3.     Covenant
      Not to Sue.
      The
      Parties hereto represent and warrant that they will not hereafter institute
      or
      pursue, or permit to be filed by any other person or entity on their behalf,
      any
      claim, charge or action before any legislative or judicial body against any
      Party to this Agreement or against any person bound by this Agreement on account
      of any Released Matter that occurred or failed to occur up to and including
      the
      date of this Agreement. The Parties hereto represent and warrant that they
      have
      not assigned any rights or claims under the Rights Agreement.

     

    
      
        
        

      

      
        C-1

        
          

        

      

      
        
        

      

    

    4.     No
      Admissions.
      By
      entering into this Agreement, including the release and covenant not to sue,
      none of the Parties admits to any wrongdoing or liability of any kind or
      character.

     

    5.     Counsel.
      Each
      Party acknowledges that the Party has carefully reviewed and understands the
      terms of this Agreement and in connection herewith has had sufficient and
      adequate opportunity to consult with legal counsel.

     

    6.     Entire
      Agreement.
      This
      Agreement constitutes the entire agreement and understanding of the Parties,
      and
      supersedes all prior oral and written agreements or understandings between
      the
      Parties, regarding the subject matter hereof. The provisions of this Agreement
      are severable, and if any part of it is found to be unenforceable, the other
      paragraphs shall remain fully valid and enforceable.

     

    7.     Governing
      Law.
      This
      Agreement shall be construed by and enforced in accordance with the internal
      laws of the State of New York without giving effect to the choice of law rules
      thereof.

     

    8.     Counterparts.
      This
      Agreement may be executed through the use of separate signature pages or in
      any
      number of counterparts, and each of such counterparts shall, for all purposes,
      constitute one agreement binding on all Parties, notwithstanding that all
      Parties are not signatories to the same counterpart.

     

     

    
      
        
        

      

      
        C-2

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of
      the
      Parties as of the day first above written.

     

    
      
        
          	 	TEJAS
                  INCORPORATED
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	Authorized
                  Signatory
	 	 	 
	 	 	 
	 	WINCHESTER
                  DEVELOPMENT
                  LLC
	 	 	 
	 	By:	 
	 	Name:	Jared
                  E.Abbruzzese, Sr.
	 	Title:	Authorized
                  Signatory
	 	 	 
	 	WAYNE BARR,
                  JR.
	 	 	 
	 	 	 

        

        
          
            	 	SHAWN
                    O’DONNELL
	 	 	 
	 	 	 
	 	 	 
	 	PATRICK
                    DOYLE
	 	 	 
	 	 	 
	 	 	 
	 	JOHN P.
                    BADE
	 	 	 
	 	 	 

          

           

        

      

    

     

    
      
        
        

      

      
        C-3

        
          

        

      

      
        
        

      

       

    

    EXHIBIT
      D

     

    FORM
      OF TERMINATION AND RELEASE AGREEMENT RELATING TO NON-COMPETE
      AGREEMENT

     

    THIS
      TERMINATION AND RELEASE AGREEMENT (this "Agreement") is made and executed this
      1st day of October, 2006 between Tejas Incorporated, a Delaware corporation,
      and
      [           ], an individual
      residing at [           ] (the
“Employee”).

     

    W
      I T NE
      S S E T H:

     

    WHEREAS,
      the Parties executed a Non-Compete Agreement, dated July 1, 2005 (the
      "Non-Compete") a copy of which is attached hereto as Exhibit A; and

     

    WHEREAS,
      the terms and provisions of the Non-Compete notwithstanding, the Parties desire
      to terminate the Non Compete in its entirety.

     

    NOW
      THEREFORE, in consideration of the premises and mutual covenants contained
      herein, and for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the Parties, intending to be legally bound, hereby
      agree as follows:

     

    1.     Termination
      of the Agreement.
      Effective as of the date hereof, the Non-Compete shall be terminated in its
      entirety and shall be of no further force or effect.

     

    2.     Mutual
      and General Release.
      The
      Parties, for themselves and their respective successors, predecessors,
      assignees, affiliates, subsidiaries, officers, directors, partners, employees,
      attorneys, consultants, representatives, agents and entities they control
      (collectively, their “Respective Entities”), hereby mutually and generally
      release and discharge each other and each other’s Respective Entities from any
      and all suits, debts, charges, obligations, liabilities, causes of action and
      claims, whether at law or in equity, of any kind or nature whatsoever, known
      or
      unknown, which the Parties and their Respective Entities ever had, now have
      or
      hereafter can, shall or may have against the other, for, upon, or by reason
      of
      any matter, cause or thing arising, accruing or relating to the Non-Compete
      (collectively, the “Released Matters”).

     

    3.     Covenant
      Not to Sue.
      The
      Parties hereto represent and warrant that they will not hereafter institute
      or
      pursue, or permit to be filed by any other person or entity on their behalf,
      any
      claim, charge or action before any legislative or judicial body against any
      Party to this Agreement or against any person bound by this Agreement on account
      of any Released Matter that occurred or failed to occur up to and including
      the
      date of this Agreement. The Parties hereto represent and warrant that they
      have
      not assigned any rights or claims under the Non Compete.

     

    4.     No
      Admissions.
      By
      entering into this Agreement, including the release and covenant not to sue,
      none of the Parties admits to any wrongdoing or liability of any kind or
      character.

     

    
      
        
        

      

      
        D-1

        
          

        

      

      
        
        

      

    

    5.     Counsel.
      Each
      Party acknowledges that the Party has carefully reviewed and understands the
      terms of this Agreement and in connection herewith has had sufficient and
      adequate opportunity to consult with legal counsel.

     

    6.     Entire
      Agreement.
      This
      Agreement constitutes the entire agreement and understanding of the Parties,
      and
      supersedes all prior oral and written agreements or understandings between
      the
      Parties, regarding the subject matter hereof. The provisions of this Agreement
      are severable, and if any part of it is found to be unenforceable, the other
      paragraphs shall remain fully valid and enforceable.

     

    7.     Governing
      Law.
      This
      Agreement shall be construed by and enforced in accordance with the internal
      laws of the State of New York without giving effect to the choice of law rules
      thereof.

     

    8.     Counterparts.
      This
      Agreement may be executed through the use of separate signature pages or in
      any
      number of counterparts, and each of such counterparts shall, for all purposes,
      constitute one agreement binding on all Parties, notwithstanding that all
      Parties are not signatories to the same counterpart.

     

     

     

     

    
      
        
        

      

      
        D-2

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of
      the
      Parties as of the day first above written.

     

    
      
        
          	 	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	 	 
	 	 	 
	 	TEJAS
                  INCORPORATED:
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	Authorized
                  Signatory

        

         

      

    

    

    
      
        
        

      

      
        D-3

        
          

        

      

      
        
        

      

    

    EXHIBIT
      E

     

    FORM
      OF TERMINATION AND RELEASE AGREEMENT RELATING TO EMPLOYMENT AND CONFIDENTIALITY
      AGREEMENT

     

    THIS
      TERMINATION AND RELEASE AGREEMENT (this "Agreement") is made and executed this
      1st day of October, 2006 by and between
      [               ]
      (“Executive”) and Tejas Incorporated (the “Company”) and its subsidiary, Capital
& Technology Advisors, Inc. (each a “Party” and, collectively, the
“Parties”).

     

    W
      I T NE
      S S E T H:

     

    WHEREAS,
      the Parties executed an Employment and Confidentiality Agreement, dated
      July 1, 2005 (the "Employment Agreement") a copy of which is attached
      hereto as Exhibit A; and

     

    WHEREAS,
      the terms and provisions of the Employment Agreement notwithstanding, the
      Parties desire to terminate the Employment Agreement in its
      entirety.

     

    NOW
      THEREFORE, in consideration of the premises and mutual covenants contained
      herein, and for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the Parties, intending to be legally bound, hereby
      agree as follows:

     

    1.     Termination
      of the Agreement.
      Effective as of the date hereof, the Employment Agreement and any other
      employment, change in control or severance agreement, arrangement or
      understanding and any other agreement (including agreements, arrangements or
      understandings with respect to benefits and compensation) between the Company
      and the Executive shall be terminated in its entirety and shall be of no further
      force or effect.

     

    2.     Release
      by Executive.
      The
      Executive hereby generally releases and discharges the Company, its successors,
      predecessors, assignees, affiliates, subsidiaries, officers, directors,
      partners, employees, attorneys, consultants, representatives, agents and
      entities it controls (the “Company Entities”) from any and all suits, debts,
      charges, obligations, liabilities, causes of action and claims, whether at
      law
      or in equity, of any kind or nature whatsoever, known or unknown, which the
      Executive ever had, now have or hereafter can, shall or may have against the
      Company and the Company Entities, for, upon, or by reason of any matter, cause
      or thing arising, accruing or relating to the Employment Agreement or the
      Executive’s employment with or separation from the Company (collectively, the
“Executive Released Matters”). It is understood that this release includes, but
      is not limited to, all claims which were or could have been asserted during
      the
      negotiations over this Agreement, any claims for wages, back or front pay,
      damages, bonus, stock, stock options, costs, expenses, attorneys' fees, employee
      benefits, remedies of any other type, breach of contract or duty, fraud,
      misrepresentation, defamation, tort, and any claims under any federal, state,
      local or other governmental statute or ordinance, including, without limitation,
      Title VII of the Civil Rights Act of 1964, 42 USC §2000e et seq., the Age
      Discrimination in Employment Act, 29 USC §621, the Rehabilitation Act of 1973,
      the Civil Rights Act of 1866, 42 USC §1981, the Americans with Disabilities Act,
      42 USC §12101e et seq., the Employee Retirement Income Security Act of 1974, the
      Civil Rights Act of 1991, the Older Workers Benefit Protection Act of 1990,
      the
      Occupational Safety and Health Act of 1970, the Equal Pay Act, The Family and
      Medical Leave Act of 1993, the Worker Adjustment and Retraining Notification
      Act
      of 1989, the Sarbanes-Oxley Act of 2002 and claims under any other federal,
      state, or local statute or regulation regarding employment, discrimination
      in
      employment, termination of employment, equal opportunity, wage and hour,
      whistleblowing and the common law of any state. The Executive understands that
      he is releasing, among other claims, claims for age, race, sex, religion,
      national origin, disability and any other form of employment discrimination,
      as
      well as any bonus related claims. This is intended to be the broadest general
      release possible to give under law.

     

    
      
        
        

      

      
        E-1

        
          

        

      

      
        
        

      

    

    3.     Release
      by Company.
      The
      Company, for itself and the Company Entities hereby releases and discharges
      the
      Executive from any and all known suits, debts, charges, obligations,
      liabilities, causes of action and claims, whether at law or in equity, of any
      kind or nature whatsoever, whether known or unknown, which the Company and
      the
      Company Entities ever had or now have against the Employee, for, upon, or by
      reason of any matter, cause or thing arising, accruing or relating to the
      Employment Agreement or the Executive’s employment with or separation from the
      Company (collectively, the “Company Released Matters); provided,
      however,
      that
      this release does not include any and all suits, debts, charges, obligations,
      liabilities, causes of action and claims, whether at law or in equity, of any
      kind or nature whatsoever, which the Company and the Company Entities were
      not
      aware of on the date hereof and which involve Executive’s commission of an act
      of embezzlement or fraud or which constitute a felony or crime involving moral
      turpitude or which constitutes a willful violation of the Securities Act of
      1933, the Securities Exchange Act of 1934 or the rules or regulations
      promulgated thereunder, in each case in connection with Executive’s employment
      by the Company or the Company Entities.

     

    4.     Covenant
      Not to Sue by the Executive.
      The
      Executive represents and warrants that he will not hereafter institute or
      pursue, or permit to be filed by any other person or entity on their behalf,
      any
      claim, charge or action before any legislative or judicial body against the
      Company and/or the Company Entities or against any person bound by this
      Agreement on account of any Executive Released Matter that occurred or failed to
      occur up to and including the date of this Agreement. The Executives hereto
      represents and warrants that he has not assigned any rights or claims under
      the
      Employment Agreement.

     

    5.     Covenant
      Not to Sue by the Company and the Company Entities.
      The
      Company represents and warrants that it will not hereafter institute or pursue,
      or permit to be filed by any other person or entity on their behalf, any claim,
      charge or action before any legislative or judicial body against the Executive
      or against any person bound by this Agreement on account of any Company Released
      Matter that occurred or failed to occur up to and including the date of this
      Agreement. The Company represents and warrants that it has not assigned any
      rights or claims under the Employment Agreement.

     

    4.     No
      Admissions.
      By
      entering into this Agreement, including the release and covenant not to sue,
      none of the Parties admits to any wrongdoing or liability of any kind or
      character.

     

    
      
        
        

      

      
        E-2

        
          

        

      

      
        
        

      

    

    5.     Counsel.
      Each
      Party acknowledges that the Party has carefully reviewed and understands the
      terms of this Agreement and in connection herewith has had sufficient and
      adequate opportunity to consult with legal counsel.

     

    6.     Entire
      Agreement.
      This
      Agreement constitutes the entire agreement and understanding of the Parties,
      and
      supersedes all prior oral and written agreements or understandings between
      the
      Parties, regarding the subject matter hereof. The provisions of this Agreement
      are severable, and if any part of it is found to be unenforceable, the other
      paragraphs shall remain fully valid and enforceable.

     

    7.     Governing
      Law.
      This
      Agreement shall be construed by and enforced in accordance with the internal
      laws of the State of New York without giving effect to the choice of law rules
      thereof.

     

    8.     Counterparts.
      This
      Agreement may be executed through the use of separate signature pages or in
      any
      number of counterparts, and each of such counterparts shall, for all purposes,
      constitute one agreement binding on all Parties, notwithstanding that all
      Parties are not signatories to the same counterpart.

     

     

    
      
        
        

      

      
        E-3

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, this Agreement has been signed by or on behalf of each of
      the
      Parties as of the day first above written.

     

    
       

      
        
          
            	 	TEJAS
                    INCORPORATED
	 	 	 
	 	By:	 
	 	Printed
                    Name:	 
	 	Its:	 
	 	 	 
	 	CAPITAL & TECHNOLOGY
                    ADVISORS, INC.
	 	 	 
	 	By:	 
	 	Printed
                    Name:	 
	 	Its:	 
	 	 	 
	 	 	 
	 	EXECUTIVE:
	 	 	 
	 	By:	 
	 	Printed
                    Name:	 

          

           

           

          
            
              
              

            

            
              E-4

              
                

              

            

            
              
              

            

             

          

        

      

    

    EXHIBIT
      F

     

    FORM
      OF SPOUSAL CONSENT

     

    I,
      [____________________], spouse of [______________], acknowledge that I have
      read
      the Purchase Agreement, dated as of October 1, 2006 (the “Agreement”),
      among
      Tejas Incorporated, a Delaware corporation (“Tejas”),
      Capital & Technology Advisors, Inc. (the “Company”)
      and
      certain other parties, to which this Consent is attached as Exhibit F,
      and
      that I know the contents of the Agreement. I am aware that the Agreement
      contains provisions regarding the transfer of common stock of Tejas (the
“Tejas
      Common Stock”)
      which
      my spouse may own including any interest I might have therein.

     

    I
      hereby
      agree that my interest, if any, in any Tejas Common Stock subject to the
      Agreement shall be irrevocably bound by the Agreement and further understand
      and
      agree that any community property interest I may have in such Tejas Common
      Stock
      shall be similarly bound by the Agreement.

     

    I
      am
      aware that the legal, financial and related matters contained in the Agreement
      are complex and that I am free to seek independent professional guidance or
      counsel with respect to this Consent. I have either sought such guidance or
      counsel or determined after reviewing the Agreement carefully that I will waive
      such right.

     

    Dated
      as
      of the 1st day of October, 2006.

     

    
      	 	 
	 	
              Signature

            
	 	 
	 	 
	 	 
	 	
              Print
                Name

            

    

    

    
      
        
        

      

      
        F-1

        
          

        

      

      
        
        

      

    

    EXHIBIT
      G

     

    FORM
      OF RELEASE RELATING TO STOCK OPTIONS

     

    I,
      [___________________, acknowledge that Tejas Incorporated, a Delaware
      corporation (the “Company”),
      intends to cancel all of the stock options that I hold in the Company (the
      “Stock Options”).

     

    I
      hereby
      release the Company and its successors, predecessors, assignees, affiliates,
      subsidiaries, officers, directors, partners, employees, attorneys, consultants,
      representatives, agents and entities they control from any and all suits, debts,
      charges, obligations, liabilities, causes of action and claims, whether at
      law
      or in equity, of any kind or nature whatsoever, known or unknown, which I now
      have or hereafter can, shall or may have for, upon, or by reason of any matter,
      cause or thing arising, accruing or relating to the cancellation of the Stock
      Options.

     

    I
      am
      aware that I am free to seek independent professional guidance or counsel with
      respect to this Consent.

    

    Dated
      as
      of the 1st day of October, 2006.

    
       

      
        	 	 
	 	
                Signature

              
	 	 
	 	 
	 	 
	 	
                Print
                  Name

              

      

      
         

         

        
          
            
            

          

          
            G-1

            
              

            

          

          
            
            

          

        

      

    

    EXHIBIT
      H

     

    FORM
      OF RELEASE FOR STOCKHOLDERS WHO SERVED AS OFFICERS AND DIRECTORS OF TEJAS OR
      C&TA

     

    THIS
      RELEASE (this "Release") is made and executed this 1st day of October, 2006
      by
      and between
      [               ]
      (“Stockholder”) and Tejas Incorporated (the “Tejas”) and its subsidiary, Capital
& Technology Advisors, Inc (“C&TA”). For purposes of this Release,
      reference made to “the Company” are to Tejas and C&TA.

     

    W
      I T NE
      S S E T H:

     

    WHEREAS,
      the Stockholder served as an officer and/or director of the Company;
      and

     

    WHEREAS,
      the Stockholder seeks to resign from his position as director and/or officer
      of
      Tejas and any of its subsidiaries except for C&TA.

     

    NOW
      THEREFORE, in consideration of the premises and mutual covenants contained
      herein, and for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the Stockholder and the Company, intending to
      be
      legally bound, hereby agree as follows:

     

    1.     Resignations
      from Positions.
      Effective as of the date hereof, the Stockholder hereby resigns from any and
      all
      his positions with Tejas and any of its subsidiaries except for
      C&TA.

     

    2.     Release
      by Individual.
      The
      Stockholder hereby generally releases and discharges the Company, its
      successors, predecessors, assignees, affiliates, subsidiaries, officers,
      directors, partners, employees, attorneys, consultants, representatives, agents
      and entities it controls (the “Company Entities”) from any and all suits, debts,
      charges, obligations, liabilities, causes of action and claims, whether at
      law
      or in equity, of any kind or nature whatsoever, known or unknown, which the
      Stockholder ever had, now have or hereafter can, shall or may have against
      the
      Company and the Company Entities, for, upon, or by reason of any matter, cause
      or thing arising, accruing or relating to the Stockholder’s service as director
      and/or officer of the Company (collectively, the “Stockholder Released
      Matters”). It is understood that this release includes, but is not limited to,
      all claims which were or could have been asserted during the negotiations over
      this Release, any claims for wages, back or front pay, damages, bonus, stock,
      stock options, costs, expenses, attorneys' fees, employee benefits, remedies
      of
      any other type, breach of contract or duty, fraud, misrepresentation,
      defamation, tort, and any claims under any federal, state, local or other
      governmental statute or ordinance, including, without limitation, Title VII
      of
      the Civil Rights Act of 1964, 42 USC §2000e et seq., the Age Discrimination in
      Employment Act, 29 USC §621, the Rehabilitation Act of 1973, the Civil Rights
      Act of 1866, 42 USC §1981, the Americans with Disabilities Act, 42 USC §12101e
      et seq., the Employee Retirement Income Security Act of 1974, the Civil Rights
      Act of 1991, the Older Workers Benefit Protection Act of 1990, the Occupational
      Safety and Health Act of 1970, the Equal Pay Act, The Family and Medical Leave
      Act of 1993, the Worker Adjustment and Retraining Notification Act of 1989,
      the
      Sarbanes-Oxley Act of 2002 and claims under any other federal, state, or local
      statute or regulation regarding employment, discrimination in employment,
      termination of employment, equal opportunity, wage and hour, whistleblowing
      and
      the common law of any state. The Stockholder understands that he is releasing,
      among other claims, claims for age, race, sex, religion, national origin,
      disability and any other form of employment discrimination, as well as any
      bonus
      related claims. This is intended to be the broadest general release possible
      to
      give under law.

     

    
      
        
        

      

      
        H-1

        
          

        

      

      
        
        

      

    

    3.     Release
      by Company.
      The
      Company, for itself and the Company Entities hereby releases and discharges
      the
      Stockholder from any and all known suits, debts, charges, obligations,
      liabilities, causes of action and claims, whether at law or in equity, of any
      kind or nature whatsoever, whether known or unknown which the Company and the
      Company Entities ever had or now have against the Stockholder, for, upon, or
      by
      reason of any matter, cause or thing arising, accruing or relating to the
      Stockholder’s service as director and/or officer of the Company (collectively,
      the “Company Released Matters); provided,
      however,
      that
      this release does not include any and all suits, debts, charges, obligations,
      liabilities, causes of action and claims, whether at law or in equity, of any
      kind or nature whatsoever, which the Company and the Company Entities were
      not
      aware of on the date hereof and which involve Stockholder’s commission of an act
      of embezzlement or fraud or which constitute a felony or crime involving moral
      turpitude or which constitutes a willful violation of the Securities Act of
      1933, the Securities Exchange Act of 1934 or the rules or regulations
      promulgated thereunder, in each case in connection with Stockholder’s service as
      a director or officer of the Company or the Company Entities.

     

    4.    Covenant
      Not to Sue by the Stockholder.
      The
      Stockholder represents and warrants that he will not hereafter institute or
      pursue, or permit to be filed by any other person or entity on their behalf,
      any
      claim, charge or action before any legislative or judicial body against the
      Company and/or the Company Entities or against any person bound by this Release
      on account of any Stockholder Released Matter that occurred or failed to occur
      up to and including the date of this Release.

     

    5.     Covenant
      Not to Sue by the Company.
      The
      Company represents and warrants that it will not hereafter institute or pursue,
      or permit to be filed by any other person or entity on their behalf, any claim,
      charge or action before any legislative or judicial body against the Stockholder
      or against any person bound by this Release on account of any Company Released
      Matter that occurred or failed to occur up to and including the date of this
      Release.

     

    4.     No
      Admissions.
      By
      entering into this Release, including the release and covenant not to sue,
      none
      of the parties admits to any wrongdoing or liability of any kind or
      character.

     

    5.     Counsel.
      Each
      party acknowledges that the party has carefully reviewed and understands the
      terms of this Release and in connection herewith has had sufficient and adequate
      opportunity to consult with legal counsel.

     

    
      
        
        

      

      
        H-2

        
          

        

      

      
        
        

      

    

    6.     Entire
      Agreement.
      This
      Release constitutes the entire agreement and understanding of the parties,
      and
      supersedes all prior oral and written agreements or understandings between
      the
      parties, regarding the subject matter hereof. The provisions of this Release
      are
      severable, and if any part of it is found to be unenforceable, the other
      paragraphs shall remain fully valid and enforceable.

     

    7.     Governing
      Law.
      This
      Release shall be construed by and enforced in accordance with the internal
      laws
      of the State of New York without giving effect to the choice of law rules
      thereof.

     

    8.     Counterparts.
      This
      Release may be executed through the use of separate signature pages or in any
      number of counterparts, and each of such counterparts shall, for all purposes,
      constitute one agreement binding on all parties, notwithstanding that all
      parties are not signatories to the same counterpart.

     

    
 

    
      
        
        

      

      
        H-3

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, this Release has been signed by or on behalf of each of the
      parties as of the day first above written.

     

    
      
        
          
            	 	TEJAS
                    INCORPORATED
	 	 	 
	 	By:	 
	 	Printed
                    Name:	 
	 	Its:	 
	 	 	 
	 	CAPITAL & TECHNOLOGY
                    ADVISORS, INC.
	 	 	 
	 	By:	 
	 	Printed
                    Name:	 
	 	Its:	 
	 	 	 
	 	 	 
	 	STOCKHOLDER:
	 	 	 
	 	By:	 
	 	Printed
                    Name:	 

          

           

           

          
            
              
              

            

            
              H-4

              
                

              

            

            
              
              

            

          

        

      

    

    EXHIBIT
      I

     

    FORM
      OF RELEASE FOR TEJAS AFFILIATES WHO SERVED AS OFFICERS AND DIRECTORS OF
      C&TA

     

    THIS
      RELEASE (this "Release") is made and executed this 1st day of October, 2006
      by
      and between
      [               ]
      (“Tejas Affiliate”) and Capital & Technology Advisors, Inc (the
“Company”).

     

    W
      I T NE
      S S E T H:

     

    WHEREAS,
      the Tejas Affiliate served as an officer and/or director of the Company;
      and

     

    WHEREAS,
      the Tejas Affiliate seeks to resign from his position as director and/or officer
      of the Company.

     

    NOW
      THEREFORE, in consideration of the premises and mutual covenants contained
      herein, and for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, the Tejas Affiliate and the Company, intending
      to
      be legally bound, hereby agree as follows:

     

    1.     Resignations
      from Positions.
      Effective as of the date hereof, the Tejas Affiliate hereby resigns from any
      and
      all positions with the Company.

     

    2.     Release
      by Individual.
      The
      Tejas Affiliate hereby generally releases and discharges the Company, its
      successors, predecessors, assignees, affiliates, subsidiaries, officers,
      directors, partners, employees, attorneys, consultants, representatives, agents
      and entities it controls (the “Company Entities”) from any and all suits, debts,
      charges, obligations, liabilities, causes of action and claims, whether at
      law
      or in equity, of any kind or nature whatsoever, known or unknown, which the
      Tejas Affiliate ever had, now have or hereafter can, shall or may have against
      the Company and the Company Entities, for, upon, or by reason of any matter,
      cause or thing arising, accruing or relating to the Tejas Affiliate’s service as
      director and/or officer of the Company (collectively, the “Tejas Affiliate
      Released Matters”). It is understood that this release includes, but is not
      limited to, all claims which were or could have been asserted during the
      negotiations over this Release, any claims for wages, back or front pay,
      damages, bonus, stock, stock options, costs, expenses, attorneys' fees, employee
      benefits, remedies of any other type, breach of contract or duty, fraud,
      misrepresentation, defamation, tort, and any claims under any federal, state,
      local or other governmental statute or ordinance, including, without limitation,
      Title VII of the Civil Rights Act of 1964, 42 USC §2000e et seq., the Age
      Discrimination in Employment Act, 29 USC §621, the Rehabilitation Act of 1973,
      the Civil Rights Act of 1866, 42 USC §1981, the Americans with Disabilities Act,
      42 USC §12101e et seq., the Employee Retirement Income Security Act of 1974, the
      Civil Rights Act of 1991, the Older Workers Benefit Protection Act of 1990,
      the
      Occupational Safety and Health Act of 1970, the Equal Pay Act, The Family and
      Medical Leave Act of 1993, the Worker Adjustment and Retraining Notification
      Act
      of 1989, the Sarbanes-Oxley Act of 2002 and claims under any other federal,
      state, or local statute or regulation regarding employment, discrimination
      in
      employment, termination of employment, equal opportunity, wage and hour,
      whistleblowing and the common law of any state. The Tejas Affiliate understands
      that he is releasing, among other claims, claims for age, race, sex, religion,
      national origin, disability and any other form of employment discrimination,
      as
      well as any bonus related claims. This is intended to be the broadest general
      release possible to give under law.

     

    
      
        
        

      

      
        I-1

        
          

        

      

      
        
        

      

    

    3.     Release
      by Company.
      The
      Company hereby releases and discharges the Tejas Affiliate from any and all
      known suits, debts, charges, obligations, liabilities, causes of action and
      claims, whether at law or in equity, of any kind or nature whatsoever, whether
      known or unknown, which the Company ever had or now have against the Tejas
      Affiliate, for, upon, or by reason of any matter, cause or thing arising,
      accruing or relating to the Tejas Affiliate’s service as director and/or officer
      of the Company (collectively, the “Company Released Matters); provided,
      however,
      this
      release does not include any and all suits, debts, charges, obligations,
      liabilities, causes of action and claims, whether at law or in equity, of any
      kind or nature whatsoever, which the Company were not aware of on the date
      hereof and which involve the Tejas Affiliate’s commission of an act of
      embezzlement or fraud or which constitute a felony or crime involving moral
      turpitude or which constitutes a willful violation of the Securities Act of
      1933, the Securities Exchange Act of 1934 or the rules or regulations
      promulgated thereunder, in each case in connection with the Tejas Affiliate’s
      service as a director or officer of the Company or the Company
      Entities.

     

    4.    Covenant
      Not to Sue by the Tejas Affiliate.
      The
      Tejas Affiliate represents and warrants that he will not hereafter institute
      or
      pursue, or permit to be filed by any other person or entity on their behalf,
      any
      claim, charge or action before any legislative or judicial body against the
      Company or against any person bound by this Release on account of any Tejas
      Affiliate Released Matter that occurred or failed to occur up to and including
      the date of this Release.

     

    5.    Covenant
      Not to Sue by the Company.
      The
      Company represents and warrants that it will not hereafter institute or pursue,
      or permit to be filed by any other person or entity on their behalf, any claim,
      charge or action before any legislative or judicial body against the Tejas
      Affiliate or against any person bound by this Release on account of any Company
      Released Matter that occurred or failed to occur up to and including the date
      of
      this Release.

     

    4.     No
      Admissions.
      By
      entering into this Release, including the release and covenant not to sue,
      none
      of the parties admits to any wrongdoing or liability of any kind or
      character.

     

    5.     Counsel.
      Each
      party acknowledges that the party has carefully reviewed and understands the
      terms of this Release and in connection herewith has had sufficient and adequate
      opportunity to consult with legal counsel.

     

    
      
        
        

      

      
        I-2

        
          

        

      

      
        
        

      

    

    6.     Entire
      Agreement.
      This
      Release constitutes the entire agreement and understanding of the parties,
      and
      supersedes all prior oral and written agreements or understandings between
      the
      parties, regarding the subject matter hereof. The provisions of this Release
      are
      severable, and if any part of it is found to be unenforceable, the other
      paragraphs shall remain fully valid and enforceable.

     

    7.     Governing
      Law.
      This
      Release shall be construed by and enforced in accordance with the internal
      laws
      of the State of New York without giving effect to the choice of law rules
      thereof.

     

    8.     Counterparts.
      This
      Release may be executed through the use of separate signature pages or in any
      number of counterparts, and each of such counterparts shall, for all purposes,
      constitute one agreement binding on all parties, notwithstanding that all
      parties are not signatories to the same counterpart.

     

    
 

    
      
        
        

      

      
        I-3

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, this Release has been signed by or on behalf of each of the
      parties as of the day first above written.

     

    
       

      
        
          
            	 	[TEJAS
                    AFFILIATE]
	 	 	 
	 	By:	 
	 	Printed
                    Name:	 
	 	Its:	 
	 	 	 
	 	CAPITAL & TECHNOLOGY
                    ADVISORS, INC.
	 	 	 
	 	By:	 
	 	Printed
                    Name:	 
	 	Its:	 

          

           

           

          
            
              
              

            

            
              I-4

              
                

              

            

            
              
              

            

          

        

      

    

    EXHIBIT
      J

     

    FORM
      OF EMPLOYEE LETTER

    

    

    [Employee
      Name] 

    [Employee
      Address]

    

    

    Tejas
      Incorporated

    2700
      Via
      Fortuna, Suite 400

    Austin,
      TX 78746

    Attention:
      Kurt J. Rechner

    Fax:
      512-306-1528

    

    Gentlemen:

    

    I,
      ____________________, confirm that I am an employee of Capital & Technology
      Advisors, Inc. (the “Company”).
      I am
      aware of the specific policies and procedures listed on Schedule 1 hereto which
      have been applicable to the employees of the Company since the merger of Tejas
      Acquisition Corp. with and into the Company (the “Merger”).

     

    I
      confirm
      that I have been in compliance with all such policies and procedures. I am
      not
      aware of any non-compliance with such policies and procedures by any other
      employee of the Company.

    

    Dated
      as
      of the 1st day of October.

    
       

      
        	 	 
	 	
                Signature

              
	 	 
	 	 
	 	 
	 	
                Print
                  Name

              

      

      
         

        
 

        
          
            
            

          

          
            J-1

            
              

            

          

          
            
            

          

        

      

    

    

    SCHEDULE
      1

     

    
      	1. 
                	
              Code
                of Business Conduct and Ethics of Tejas,
                Inc.

            

    

     

    
      	2.  
               	
              Tejas
                Incorporated, its Affiliates and Subsidiaries Policy and Operation
                Manual

            

    

     

    
      	3. 
                	
              Drug
                and Alcohol Acknowledgement and
                Consent

            

    

     

    
      	4. 
                	
              Procedures
                Governing Transactions in Company
                Securities

            

    

     

    
      	5. 
                	
              Statement
                of Policy and Procedures Regarding Insider
                Trading

            

    

     

     

    
      
        
        

      

      
        J-2

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