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EXHIBIT 4.3

                 THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS
                  COVERING SECURITIES THAT HAVE BEEN REGISTERED
                        UNDER THE SECURITIES ACT OF 1933

                                 NURESCELL INC.
                          2003 STOCK COMPENSATION PLAN

         Section 1.    Purpose; Definitions.
         ---------     --------------------

         1.1 PURPOSE. The purpose of the Nurescell Inc. 2003 Stock Compensation
Plan (the "Plan") is to enable the Company to offer those officers, directors,
employees and consultants who have provided, or may in the future provide,
services to the Company an opportunity to acquire Common Stock in lieu of a cash
payment for those services.

         1.2 DEFINITIONS. For purposes of the Plan, the following terms shall be
defined as set forth below:

         (a) "Administrator" means the President of the Company or any other
person which the Board may from time-to- time designate to administer the Plan.

         (b) "Agreement" means an agreement by a Participant setting forth the
terms and conditions of an issuance of Common Stock to the Participant under the
Plan.

         (c) "Board" means the Board of Directors of the Company.

         (d) "Common Stock" means the common stock of the Company, par value
$.0001 per share.

         (e) "Company" means Nurescell Inc.

         (f) "Participant" means a person who has agreed to receive Common Stock
under the Plan.

         Section 2.   Administration.
         ---------    --------------

         2.1 THE ADMINISTRATOR. The Plan shall be administered by the
Administrator. The Administrator shall serve until resignation or removal by the
Board, and shall be subject to removal at any time by the Board.

         2.2 POWERS OF THE ADMINISTRATOR. The Administrator shall have full
authority to issue Common Stock pursuant to the terms of the Plan. For purposes
of illustration and not of limitation, the Administrator shall have the
authority (subject to the express provisions of this Plan):

         (a) to select those officers, directors, employee and consultants of
the Company to whom Common Stock may from time to time be issued hereunder; and

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         (b) to determine the terms and conditions, not inconsistent with the
terms of the Plan, of any issuance of Common Stock hereunder (including, but not
limited to, the number of shares and the amount to be paid therefor).

         2.3 INTERPRETATION OF PLAN. Subject to Section 5 below, the
Administrator shall have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the Plan as he or she
shall, from time-to-time, deem advisable to interpret the terms and provisions
of the Plan and any issuance of Common Stock under the Plan (and to determine
the form and substance of all Agreements relating thereto), and to otherwise
supervise the administration of the Plan. Subject to Section 5 below, all
decisions made by the Administrator pursuant to the provisions of the Plan
shall be made in his or her sole discretion and shall be final and binding upon
all persons, including the Company and the Participants.

         Section 3.   Common Stock Subject to the Plan.
         ---------    --------------------------------

         3.1 NUMBER OF SHARES. The total number of shares of Common Stock
reserved and available for issuance under the Plan shall be 80,000,000. The
shares of Common Stock available under the Plan shall consist entirely of
authorized and unissued shares.

         3.2 ADJUSTMENT UPON CHANGES IN CAPITALIZATION, ETC. In the event of any
merger, reorganization, consolidation, recapitalization, dividend (other than a
cash dividend), stock split, reverse stock split, or other change in corporate
structure affecting the Common Stock, such substitution or adjustment shall be
made in the aggregate number of shares of Common Stock reserved for issuance
under the Plan as may be determined to be appropriate by the Administrator in
order to prevent dilution or enlargement of rights; provided, however, that any
fractional shares resulting from such adjustment shall be eliminated by rounding
to the next lower whole number of shares.

         Section 4. ISSUANCES UNDER THE PLAN. The Administrator shall determine
(i) the eligible persons to whom and the time or times at which Common Stock
shall be issued under the Plan, (ii) the number of shares of Common Stock to be
issued to each Participant, (iii) the amount to be paid for such shares by each
Participant (based on services rendered or to be rendered) and (iv) all other
terms and conditions of such issuance, to the extent consistent with the Plan.
Each Participant shall enter into an Agreement specifying the foregoing (to the
extent applicable) with respect to each issuance of Common Stock to such
Participant. Payment for Common Stock shall be only in the form of forgiveness
of amounts owed or to be owed by the Company for services rendered or to be
rendered, and no Participant shall be required or permitted to pay cash for the
issuance of Common Stock.

         Section 5. AMENDMENT AND TERMINATION. The Board may at any time, and
from time-to-time, waive, amend, suspend or eliminate any of the provisions of
the Plan, but no waiver, amendment, suspension or elimination shall be made
which would impair the rights of a Participant under any Agreement previously
entered into without the consent of such Particpant.

         Section 6. TERM OF PLAN. The Plan became effective on July 21,
2003.  Unless terminated earlier by the Board, the Plan shall continue to
remain in effect until such time as all shares of Common Stock allocated to the
Plan have been issued.

         Section 7.  General Provisions.
         ---------   ------------------

         7.1 NO RIGHT OF EMPLOYMENT. Nothing contained in the Plan or in any
Agreement or issuance hereunder shall be deemed to confer upon any employee of
the Company any right to continued employment with the Company, nor shall it
interfere in any way with the right of the Company to terminate the employment
of any of its employees at any time.

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         7.2 WITHHOLDING TAXES. Not later than the date as of which an amount
first becomes includable in the gross income of a Participant for federal income
tax purposes with respect to any issuance under the Plan, such Participant shall
pay to the Company, or make arrangements satisfactory to the Administrator
regarding the payment of, any federal, state and local taxes of any kind
required by law to be withheld or paid with respect to such amount. If permitted
by the Administrator, tax withholding or payment obligations may be settled with
Common Stock, including Common Stock that is part of the issuance that gives
rise to the withholding requirement. The obligations of the Company under the
Plan shall be conditioned upon such payment or satisfactory arrangements, and
the Company shall, to the extent permitted by law, have the right to deduct any
such taxes from any payment of any kind otherwise due to the Participant from
the Company.

         7.3 NON-TRANSFERABILITY. Except as otherwise expressly provided in the
Plan, no right or benefit under the Plan may be sold, pledged, exchanged or
otherwise transferred or encumbered, and any attempt to sell, pledge, exchange
or otherwise transfer or encumber the same shall be void.

         7.4 APPLICABLE LAWS. The obligations of the Company with respect to all
issuances under the Plan shall be subject to (i) all applicable laws, rules and
regulations and such approvals by any governmental agencies as may be required,
including, without limitation, the effectiveness of a registration statement
under the Securities Act of 1933 and (ii) the rules and regulations of any
securities exchange on which the Common Stock may be listed.

         7.5 GOVERNING LAW. The Plan and all issuances made and actions taken
thereunder shall be governed by and construed in accordance with the laws of the
State of California, without regard to choice of law provisions.

                                        7<PAGE>
EXHIBIT 10.2

                             TELENETICS CORPORATION

                        Promissory Note Due July 7, 2003

$250,000.00                                              Lake Forest, California
                                                                   June 20, 2003

         FOR VALUE RECEIVED, the undersigned, Telenetics Corporation, a
California corporation (the "COMPANY"), hereby promises to pay to DOLPHIN
OFFSHORE PARTNERS L.P. the principal sum of Two Hundred Fifty Thousand Dollars
($250,000.00), together with interest on the unpaid principal amount hereof at
the rate of One and One Half Percent (1.5%) per week.

         1. PAYMENTS OF PRINCIPAL AND INTEREST. Interest on the unpaid principal
portion of this Note will accrue at a rate of One and One Half Percent (1.5%)
per week from the date hereof, payable weekly in arrears. The Company shall
immediately pay over absolutely to the Holder Five-Sixth (5/6) of all
collections of accounts receivable due from Motorola to the Company. Any unpaid
principal balance and accrued but unpaid interest shall be due and payable in
full on July 7, 2003. The undersigned may prepay all or part of the outstanding
principal balance of this Note, together with all accrued but unpaid interest
thereon, only in accordance with this Note. All payments of principal of and
interest on this Note shall be in such coin or currency of the United States of
America as at the time of payment shall be legal tender for payment of public
and private debts.

         2. DEFAULT.

                  2.1 EVENTS OF DEFAULT. If any of the following events (herein
called "EVENTS OF DEFAULT") shall occur:

                  (a) the Company shall default in the payment of any part of
the principal of this Note;

                  (b) the Company shall default in the payment of any
installment of interest on this Note for more than three (3) days after the same
shall become due and payable;

                  (c) the Company shall breach or default in the performance of
any covenant or warranty of the Company in this Note, and continuance of such
breach for a period of thirty (30) days after there has been given, by
registered or certified mail, to the Company by the holder of this Note, a
written notice specifying such breach or default and requiring it to be
remedied;

                  (d) a court having jurisdiction in the premises shall enter a
decree or order for relief in respect of the Company in an involuntary case
under any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of the Company or for any
substantial part of its property, or ordering the winding-up or liquidation of
its affairs, and such decree or order shall remain unstayed and in effect for a
period of sixty (60) consecutive days; or

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                  (e) the Company shall commence a voluntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in
effect, shall consent to the entry of an order for relief in an involuntary case
under any such law, or shall consent to the appointment of or taking possession
by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other
similar official) of the Company or for any substantial part of its property, or
shall make any general assignment for the benefit of creditors, or shall fail
generally to pay its debts as they become due, or shall take any corporate
action in furtherance of any of the foregoing;

then and in any such event the holder of this Note may at any time (unless all
defaults theretofore or thereupon shall have been remedied) at its option, by
written notice to the Company, declare this Note to be due and payable,
whereupon the same shall forthwith mature and become due and payable without
presentment, demand, protest or other notice, all of which are hereby waived.

                  2.2 REMEDIES ON AND NOTICES OF DEFAULT. Subject to the
provisions of SECTION 3, in case any one or more Events of Default shall occur,
the holder of this Note may proceed to protect and enforce the rights of such
holder by a suit in equity, action at law or other appropriate proceeding,
whether for the specific performance of any agreement contained in this Note, or
for an injunction against a violation of any of the terms or provisions hereof
or thereof, or in aid of the exercise of any power granted hereby or thereby or
by law. In case of a default under this Note, the Company will pay to the holder
of this Note such further amount as shall be sufficient to cover the reasonable
cost and expense of enforcement, including, without limitation, reasonable
attorneys' fees. If the holder of this Note shall give any notice or take any
other action in respect of a claimed default, the Company shall forthwith give
written notice thereof to all other holders of similarly subordinated notes at
the time outstanding, describing the notice or action and the nature of the
claimed default. No course of dealing and no delay on the part of any holder of
this Note in exercising any right shall operate as a waiver thereof or otherwise
prejudice such holder's rights or the rights of the holder of any similarly
subordinated notes. No remedy conferred by this Note upon the holder shall be
exclusive of any other remedy referred to herein or now or hereafter available
at law, in equity, by statute or otherwise.

         3. COVENANTS.

                  (a) The Company will duly and punctually pay the principal of
and interest on this Note in accordance with the terms of this Note.

                  (b) The Company (or any successor by merger, consolidation or
otherwise) will do or cause to be done all things necessary to preserve and keep
in full force and effect its corporate existence and franchises; PROVIDED,
HOWEVER, that the Company shall not be required to preserve any right or
franchise if the Board of Directors of the Company shall determine that the
preservation thereof is no longer desirable in the conduct of the business of
the Company and that the loss thereof is not disadvantageous in any material
respect to the holder of this Note.

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         4. MISCELLANEOUS.

                  (a) This Note shall be governed by and construed in accordance
with the laws of the State of California. Any dispute, action, litigation or
other proceeding concerning this Note shall be brought and maintained in the
state or federal courts having jurisdiction over and located in County Orange,
State of California. If any one or more of the provisions contained in this Note
shall for any reason be found by a court of competent jurisdiction to be
invalid, illegal or unenforceable in any respect, the parties agree that such
court may modify such provision to the extent necessary to make it valid, legal
and enforceable. In any event, such provision shall be separable and shall not
limit or affect the validity, legality or enforceability of any other provision
hereunder.

                  (b) If this Note is collected by law or through an attorney
for collection or enforcement, the holder hereof shall be entitled to collect
reasonable attorneys' fees and all costs of collection from the Company. The
Company hereby waives presentment for payment, notice of nonpayment, protest and
notice of protest.

                  (c) Unless otherwise specifically stated herein, all notices,
demands, payments or other communications to be given or delivered pursuant to
this Note shall be in writing and shall be given to the Company at its principal
executive offices and to the holder of this Note at the holder's last known
address as shown in the records of the Company.

                  (d) All of the covenants contained herein shall bind the
Company, its successors and assigns. This Note and any rights related thereto
may not be assigned by the holder of this Note to any third party, and this Note
is non-negotiable and may not be transferred by endorsement or delivery.

         IN WITNESS WHEREOF, the Company has executed and delivered this Note on
the date first written above.

                                              TELENETICS CORPORATION

                                              By: /s/ David Stone
                                                  ------------------------------
                                                  David Stone, President and
                                                  Chief Financial Officer

                                PERSONAL GUARANTY

I David Stone, the undersigned, do hereby unconditionally personally guarantee
the full and timely performance of this promissory note and all amounts due
hereunder.

                                                  /s/ David Stone
                                                  ------------------------------
                                                  David Stone, An Individually

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