Document:

[GRAPHIC   Charys
OMITTED]   Holding Company, Inc.

                                  March 4, 2005

CCI ASSOCIATES, LTD.
ATTN. MR. MICHAEL J. NOVAK, CEO
19240 REDLAND RD.
SAN  ANTONIO, TX 78259

Dear  Mr.  Novak:

Charys  Holding Company, Inc., a Delaware corporation, is pleased to provide you
with  this  Letter  Agreement (the "Letter Agreement") that outlines terms under
which  Charys  Holding Company, Inc. or its authorized subsidiary ("Buyer") will
acquire the assets, obligations and liabilities related to certain real property
located  in  Bexar  County, Texas owned by CCI Associates, Ltd., a Texas limited
partnership  ("Associates"  or  "Seller").  This  letter agreement is binding on
Seller  and  Buyer  unless  otherwise  provided herein, with finalization of the
details of the transaction to be refined in a definitive purchase agreement (the
"Definitive  Agreement")  with  Associates  which  the parties agree to finalize
within  30  days  after  signing  this  Letter  Agreement. The provisions of the
Definitive  Agreement  will  supersede  and replace this Letter Agreement in all
respects  once  finalized  and  executed.

SUMMARY  OF  TERMS

1.     PARTIES; DEFINITIONS

          (a)     Charys Holding Company, Inc. is a Delaware corporation located
at  1117  Perimeter  Center  West,  Suite  N415,  Atlanta,  GA  30338.

          (b)     CCI Associates, Ltd. is a Texas limited partnership located at
19240  Redland Road, San Antonio, TX 78259. The partnership's sole purpose is to
own  certain  land  and buildings in Bexar County, Texas which are leased to CCI
Telecom,  Inc.  for  use  as  its  primary  business  location.

          (c)     CCI  Telecom,  Inc. (CCI) will be a wholly owned subsidiary of
Buyer  after  execution  of  the Plan and Agreement of Triangular Merger between
Charys  Holding  Company, Inc, Charys Acquisition Company, Inc. and CCI Telecom,
Inc.  of  even  date  herewith  (the  "Merger  Agreement"). Included herewith as
Attachment  1  is  the  Merger  Agreement,  which is incorporated herein for all
purposes.

          (d)     Novak  Properties,  Inc. is a Texas corporation that is wholly
owned  by Mr. Michael J. Novak. Novak Properties, Inc. owns 1% of Associates and
is  the  sole  general  partner  of  Associates.

<PAGE>
[GRAPHIC   Charys
OMITTED]   Holding Company, Inc.

          (e)     Mr.  Michael  J.  Novak  is  the  CEO of CCI. Mr. Novak owns a
71.58%  limited  partnership interest in Associates, and he is the sole owner of
Novak  Properties,  Inc.

          (f)     "Closing"  is  defined as the time the Definitive Agreement is
concluded  and executed by all parties hereto, and "Final Closing" is defined as
the  time  that  title to the property has been transferred to Buyer in exchange
for  the  consideration  set  forth  herein.

2.     TRANSACTION.   Subject  to  the  terms  and  conditions of the Definitive
Agreement, Buyer shall purchase the real property located in Bexar County, Texas
owned  by  Associates  (such  real  property  being  more fully described in the
Appraisal  dated  January  25,  2005  included  herein  as  Attachment  3  and
incorporated  herein for all purposes) that is leased to CCI (the "Property") at
the  time  of  the  Final  Closing,  and  Buyer  will assume all liabilities and
obligations  associated  with  the  Property in exchange for delivery of 250,000
shares  of  Charys  Holding  Company,  Inc.  common  stock to Seller, subject to
certain  adjustments  and  additional payments as described in Section 4 of this
Letter  Agreement.  The ability to assume liabilities related to the Property by
Buyer  is  subject  to  the  provisions  of  any of the agreements creating such
liabilities,  including  but  not  limited  to  the terms of any loan documents.

3.     CLOSING.  Upon  execution  of this Letter Agreement, Associates and Buyer
shall  be bound to complete the transaction described herein, and will negotiate
and  finalize  a  Definitive  Agreement,  which  agreement  shall  include terms
substantially  similar  to  those  expressed  in  this Letter Agreement.    This
Letter  Agreement  shall be executed in conjunction with the merger contemplated
in  the Merger Agreement. Associates and Buyer agree that all reasonable efforts
shall  be  expended  to  complete  the  Definitive  Agreement  within 30 days of
execution  of this Letter Agreement at Closing.    Final Closing will occur on a
date to be agreed upon between Associates and Buyer after Buyer has identified a
subsequent  purchaser  of  the Property or secured financing adequate to release
all  currently  existing  liens  on the Property.   At Final Closing, Associates
will  convey  the Property to Buyer for the consideration set forth in Section 4
herein.

4.     CONSIDERATION. In exchange for conveyance of the Property to Buyer at the
Final  Closing,  and  subject  to  the  terms of the Definitive Agreement, Buyer
agrees  to  transfer 250,000 shares of Charys Holding Company, Inc. common stock
to  Associates.   The  number of shares to be conveyed to Associates and related
cash  adjustments  are  described  as  follows:

          (a)     The  250,000  shares  referenced  above are subject to a "Make
Whole Calculation" as described in Sections 7 and 8 of the Merger Agreement, but
are  also  subject  to  the  provisions  of  Section 4 (b) below. The Make Whole
Provision and Calculation in the Merger Agreement occurs on the date which is 24
months  after  the  effective  date  of  the  Merger  Agreement.  The Make Whole
Provision  and  Calculation

                                        2
<PAGE>
[GRAPHIC   Charys
OMITTED]   Holding Company, Inc.

related  to  the  250,000  shares  in  this  Letter  Agreement  shall be applied
concurrently  with  the  Merger  Agreement Make Whole Provision and Calculation.
That is, the 2 year period for the 250,000 shares in this Letter Agreement shall
start  on  the signing of this Letter Agreement and conclude simultaneously with
the  Make Whole in the Merger Agreement, even if the time from the Final Closing
from  this  Letter  Agreement to the Make Whole in this Letter Agreement is less
than  2  years.

          (b)     Buyer  intends to sell or finance the Property after acquiring
the  Property  at  the  Final Closing. If during the 2 year period following the
effective  date  of  the Merger Agreement Buyer obtains net proceeds of at least
$1.8  million  either  from the sale or financing of the Property, then the Make
Whole  Calculation shall apply. The Definitive Agreement will contain provisions
regarding  Buyer  making  diligent,  good  faith  efforts to sell or finance the
Property  to  bona  fide,  third  party  buyers,  with  the  General  Partner of
Associates being periodically informed of all activities relating to the sale of
financing of the Property. The sum payable by Buyer to Associates under the Make
Whole  Calculation  shall  be  paid  by  Buyer to Associates as set forth in the
Merger  Agreement.

          (c)     The consideration paid in this transaction shall  include cash
payments  by  Buyer to Associates in order to reimburse the owners of Associates
for  the  federal  income  taxes,  if  any,  that  will  be due by the owners of
Associates  attributable  to  this  transaction.  Such payments shall not exceed
$125,000  in  the  aggregate and shall be paid to the owners of Associates on or
before  the  date  on  which  their  federal income tax payments related to this
transaction  are  due.

5.     REGISTRATION  RIGHTS.  The  shares acquired by Associates under Section 4
above  shall  contain  registration  rights  and  shall  be  governed  by  the
registration  rights  agreement  that  is  Attachment C to the Merger Agreement.

6.     CHARYS  SHARES.   All  shares  of the Charys Holding Company, Inc. common
stock  to  be received by Associates under the terms of the Definitive Agreement
shall  be  restricted in their resale as provided in the Securities Act of 1933,
as  amended  (the  "Securities  Act"), and shall contain a legend as required by
Rule  144 promulgated under the Securities Act ("Rule 144"), which shall read as
follows:

     THE  SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT
     BEEN  REGISTERED  UNDER  THE SECURITIES ACT OF 1933, AS AMENDED (THE
     "SECURITIES  ACT"),  OR  ANY  STATE SECURITIES LAWS AND NEITHER SUCH
     SHARES  NOR  ANY  INTEREST  THEREIN  MAY  BE OFFERED, SOLD, PLEDGED,
     ASSIGNED  OR  OTHERWISE  TRANSFERRED UNLESS A REGISTRATION STATEMENT
     WITH  RESPECT  THERETO IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY
     APPLICABLE  STATE  SECURITIES  LAWS,  OR  PURSUANT  TO

                                        3
<PAGE>
[GRAPHIC   Charys
OMITTED]   Holding Company, Inc.

      AN  EXEMPTION  FROM  REGISTRATION  UNDER  THE  SECURITIES  ACT.

No  fractional  shares of the Charys Holding Company, Inc. common stock shall be
issued in connection with the transaction contemplated herein. In the event that
any  fractional shares of the Charys Holding Company, Inc. common stock would be
issued  to  Associates, the number of shares of such stock to be issued shall be
rounded  up  to  the  nearest whole share. The Definitive Agreement will contain
representations, warranties and covenants as to the Charys Holding Company, Inc.
shares  to  be  delivered  to Seller and as to Buyer's operation of such company
during  the  period  of  ownership  of such shares by Buyer acceptable to Buyer.

7.     REPURCHASE/RIGHT  OF  FIRST  REFUSAL.  As  part of this Letter Agreement,
Buyer  grants Mr. Michael J. Novak or his designee ("Novak") certain rights with
respect  to  the  Property:

          (a)     During  the  three years following the Final Closing, if Buyer
receives  a  bona fide offer from a third party for purchase of the property and
Buyer  considers  such  offer as viable, Novak has a first right to purchase the
Property.  That  is,  should  Novak  desire  to  purchase  the  Property  on
substantially  equal  terms,  including  purchase  price,  as that offered to or
solicited  by  Buyer,  Novak  shall have: i) a period of 10 days from receipt by
Novak  of  written  notice  from  Buyer  for  Novak  to indicate his interest in
matching  the  offer; and ii) 30 days after receipt of notice of such offer from
Buyer  to  provide  evidence  to  Buyer that Novak has obtained the financing or
other  means of matching the purchase price set forth in the offer.   This right
of first refusal shall expire three years after the date of the Final Closing or
upon  the  sale  of the property by Buyer to the bona fide third party from whom
the  offer  was received should Novak not exercise his right of first refusal as
to  that  offer, but otherwise such right shall be a continuing right should the
transaction with the bona fide third party not close. The terms of this right of
first  refusal  will  be  further  detailed  in  the  Definitive  Agreement.

          (b)     From  the  Final  Closing  until  the third anniversary of the
Final  Closing,  and assuming that Buyer has not previously sold the Property as
authorized  herein or in the Definitive Agreement, Novak shall have the right to
purchase  the property from Buyer for an amount equal to the greater of: i) $2.4
million, which is the appraised value of the Property as of January 25, 2005, as
shown  in the Appraisal attached hereto as ATTACHMENT 3, or ii) the then current
appraised  value  of the Property. In the event a bona fide third party offer as
described  in  Section  7(a) is received before or during the process of Novak's
acquisition  of  the  Property under this Section 7 (b) and such bona fide offer
exceeds either the then current appraised value of the Property or $2.4 million,
whichever amount is greater, then the terms of Section 7 (a) herein shall govern
Novak's  potential  purchase  of the Property.   As used herein, "current" means
dated  within  three  (3) months of the date that Novak exercised any rights set
forth  in  this  Section  7.

                                        4
<PAGE>
[GRAPHIC   Charys
OMITTED]   Holding Company, Inc.

8.     INTERVENING  PERIOD.  During  the period between execution of this Letter
Agreement  and  the  Final  Closing, the parties to this Letter Agreement agree:

          (a)      To  conduct  all business operations as usual in the ordinary
course  of  business, and not to enter into any agreements that would materially
change  the  structure,   operations or contractual arrangements relative to any
party  other than as contemplated in the Merger Agreement. This includes, but is
not  limited to, fulfilling the terms of all contracts and other agreements that
the parties have entered into as of the date of this Letter Agreement, including
any  lease  arrangements,  and  making payment of all obligations as they become
due,  including payment of mortgages and taxes on the Property. Seller agrees to
maintain  the  Property  in  the  ordinary  course  of  business.

          (b)      That  Buyer or any other party designated by Buyer may market
the  Property for sale and search for and negotiate financing to pay in full any
existing  loans  on  the  Property,  provided  Buyer keeps Associates reasonably
informed  of  such  activities.

9.      POWER  AND  AUTHORITY  -  ASSOCIATES  AND BUYER. Novak Properties, Inc.,
acting  as  General  Partner  for  Associates,  has  full power and authority to
execute,  deliver,  and  cause  the performance of this Letter Agreement and any
related  agreements  between  Buyer  and  Seller  to  be delivered in connection
herewith, including, without limitation, the Definitive Agreement. Buyer and the
undersigned  representative  of  Buyer have full power and authority to execute,
deliver,  and  cause  the  performance  of this Letter Agreement and any related
agreements  between  Buyer  and  Seller  to be delivered in connection herewith,
including,  without limitation, the Definitive Agreement. Buyer and Seller agree
to  execute  any  and  all  further agreements or documents as may be reasonably
necessary  to  consummate the transactions contemplated in this Letter Agreement
at  the  Closing  and  the  Final  Closing.

10.     EXPENSES. Buyer will be responsible for payment of all fees and expenses
incurred  with  regard  to the transaction contemplated hereunder, including any
finders'  fees,  fees  to investment bankers or to other financial advisers, and
Buyer's  and  Seller's attorneys' fees. Buyer will only be responsible, however,
for  payment  of  Seller's  attorneys'  fees  up  to and including the amount of
$7,500.  Associates  represents  and  warrants  to Buyer that Associates has not
incurred  any  fees  or  expenses  of  any  nature,  other than attorneys' fees.

11.     DESTRUCTION  OF  PROPERTY.  If,  on  or  before  the  Final Closing, any
substantial  portion  of the improvements located on the Property shall suffer a
loss  because  of  fire,  flood,  tornado,  hurricane,  riot,  accident or other
calamity, whether or not insured, to such an extent that in the opinion of Buyer
there  will be such a delay in repairing or replacing said improvements so as to
materially  affect the future operations of the improvements, then Buyer may, at
its sole option, terminate this Agreement by providing written notice to Seller,
and  neither  party  will  have  any  further obligation to the other except for
Buyer's  obligation  to  pay  the  expenses  set  forth  in  Section  10 herein.

                                        5
<PAGE>
[GRAPHIC   Charys
OMITTED]   Holding Company, Inc.

12.     VENUE;  GOVERNING  LAW;  MISCELLANEOUS.   This Letter Agreement contains
all  agreements  between  the  parties hereto, other than those set forth in the
Merger Agreement, and may be amended only by a written agreement executed by all
parties  hereto. Any provisions of this Letter Agreement that are deemed invalid
or  unenforceable shall be severable from the remainder of this Letter Agreement
and will not affect the validity of the remainder of this Letter Agreement. This
Letter  Agreement  may  be  executed  in one or more counterparts, each of which
shall  be  deemed  an  original,  but all of which together shall constitute one
agreement.  This  Letter  Agreement  shall  be  governed  by  and  construed  in
accordance  with  the  laws  of  the  State of Texas and applicable federal law,
without giving effect to the principles of choice of law of any state. Venue for
any  dispute  between  the parties hereto shall lie in Bexar County, Texas. This
Letter  Agreement  shall  be  binding  upon  and  inure  to  the  benefit of the
signatories  hereto  and  their  respective  successors,  heirs, administrators,
trustees,  executors  and  assigns.

13.     DEFAULT.   Should  any  party  default under the obligations required of
them  under  this Letter Agreement, any non-defaulting party may avail itself of
any  and  all  remedies provided by law or in equity as to the defaulting party,
including  but not limited to termination of this Letter Agreement. A prevailing
party  in  any  legal  action brought hereunder shall be entitled to collect its
attorneys'  fees.

14.     MULTIPLE  COUNTERPARTS.  This  Agreement  may  be  signed  in  multiple
counterparts  each  when  taken  together  shall  constitute  one  original.

                         [SEE NEXT PAGE FOR SIGNATURES]

                                        6
<PAGE>
[GRAPHIC   Charys
OMITTED]   Holding Company, Inc.

Executed effective as of the 4th day of March, 2005.

                                 CHARYS HOLDING COMPANY, INC.

                                 By: ___________________________
                                     Billy V. Ray, Jr., Chief Executive Officer

                                 CCI ASSOCIATES, LTD., a Texas limited
                                 partnership

                                 By: Novak Properties, Inc., its General
                                     Partner

                                 By: ___________________________
                                     Michael J. Novak, President

                                 CCI TELECOM, INC., a Nevada Corporation

                                 By: ___________________________
                                     Michael J. Novak, Chief Executive Officer

                                 ______________________________________________
                                  Michael J. Novak, in his individual capacity

                                        7
<PAGE>EXHIBIT NO. 4.1
---------------

                           CERTIFICATE OF DESIGNATION
                           CREATING SERIES F PREFERRED
                                    STOCK OF
                              OCG TECHNOLOGY, INC.

                       (Pursuant to Section 151(g) of the
                General Corporation Law of the State of Delaware)

         OCG Technology, Inc. (hereinafter called the "Corporation"), a
corporation organized and existing under and by virtue of the General
Corporation Law of the State of Delaware, does hereby certify as follows:

         That, in accordance with the provisions of Article FOURTH of the
Certificate of Incorporation of the Corporation, the following resolution was
duly adopted by the Board of Directors of the Corporation:

         RESOLVED, that pursuant to the authority vested in the Board of
Directors of the Corporation by Article FOURTH of the Corporation's Certificate
of Incorporation, as amended, a series of Preferred Stock of the Corporation be,
and it hereby is, created out of the authorized but unissued shares of the
capital stock of the Corporation, such series to be designated Series F
Preferred Stock, to consist of a maximum of 400,000 shares, par value $.10 per
share, of which the preferences and other rights, and the qualifications,
limitations or restrictions thereof, shall be as follows (in addition to those
fixed by Article FOURTH of the Corporation's Certificate of Incorporation):

Certain Definitions. Unless the context otherwise requires, the terms defined in
this Section 1 shall have, for all purposes of this resolution, the meanings
herein specified.

Common Stock. The term "Common Stock" shall mean all shares of Common Stock of
the Corporation now or hereafter authorized and any other stock of the
Corporation howsoever designated, whether now or hereafter authorized, that has
the right (subject always to prior rights of the Preferred Stock) to participate
in the distribution of the assets and earnings of the Corporation without limit
as to amount or percentage.

Series F Preferred Stock. The term "Series F Preferred Stock" shall mean the
class of Preferred Stock, par value $.10 per share, authorized on the filing
date of this certificate with the Secretary of State of the State of Delaware by
the resolution set forth herein.

Junior Stock. The term "Junior Stock" shall mean, for purposes of Section 2
below, Common Stock and any other class or series of stock of the Corporation,
whether now or hereafter authorized, which by the terms of the Certificate of
Incorporation or of the instrument of the Board of Directors initially
establishing such series pursuant to authority granted in the Certificate of
Incorporation shall be subordinated to the Series F Preferred Stock in respect
of the right to receive dividends, and, for purposes of Section 3 below, such
term shall mean Common Stock and any other class or series of stock of the
Corporation, whether now or hereafter authorized, that by the terms of the
Certificate of Incorporation or of the instrument of the Board of Directors
<PAGE>

initially establishing such series pursuant to authority granted in the
Certificate of Incorporation shall be subordinated to the Series F Preferred
Stock in respect of the right to receive any assets upon liquidation,
dissolution or winding up of the affairs of the Corporation.

Parity Stock. The term "Parity Stock" shall mean, for purposes of Section 2
below, any class or series of stock of the Corporation, whether now or hereafter
authorized, which by the terms of the Certificate of Incorporation or of the
instrument of the Board of Directors initially establishing such series pursuant
to authority granted in the Certificate of Incorporation shall be entitled to
receive payment of dividends pari passu with the Series F Preferred Stock, and,
for purposes of Section 3 below, such term shall mean any class or series of
stock of the Corporation, whether now or hereafter authorized, which by the
terms of the Certificate of Incorporation or of the instrument of the Board of
Directors initially establishing such series pursuant to authority granted in
the Certificate of Incorporation shall be entitled to receive assets upon
liquidation, dissolution or winding up of the affairs of the Corporation pari
passu with the Series F Preferred Stock; provided, however, that nothing herein
contained shall preclude the Board of Directors from fixing dividend rates and
liquidating preferences for any series of Parity Stock which are different in
amount from the dividend rates and liquidating preference applicable to the
Series F Preferred Stock.

Senior Stock. The term "Senior Stock" shall mean, for purposes of Section 2
below, any class or series of stock of the Corporation, whether now or hereafter
authorized, which by the terms of the Certificate of Incorporation or of the
instrument of the Board of Directors initially establishing such series pursuant
to authority granted in the Certificate of Incorporation shall rank senior to
the Series F Preferred Stock in respect of the right to receive dividends, and,
for purposes of Section 3 below, such term shall mean any class or series of
stock of the Corporation, whether now or hereafter authorized, which by the
terms of the Certificate of Incorporation or of the instrument of the Board of
Directors initially establishing such series pursuant to authority granted in
the Certificate of Incorporation shall rank senior to the Series F Preferred
Stock in respect of the right to participate in any distribution upon
liquidation, dissolution or winding up of the affairs of the Corporation.

Dividends.
----------

General. Subject to the preferences and other rights of any Senior Stock, and
provided that dividends are simultaneously paid or declared on all Parity Stock,
the holders of the Series F Preferred Stock shall be entitled to receive out of
any funds or other property legally available therefor, when and as declared by
the Board of Directors, dividends in an amount per share equal to ten thousand
(10,000) times of the amount per share of dividends distributable to the holders
of the Common Stock and to the holders of all Parity Stock, which dividends
shall be payable on such date as may be established by the Board of Directors of
the Corporation.

Preferential Status of Dividends on Series F Preferred Stock.
In no event, so long as any shares of the Series F Preferred Stock shall be
outstanding, shall any dividend whatsoever, whether in cash, property or
otherwise, be declared or paid, nor shall any distribution be made, on any
Junior Stock, nor shall any Junior Stock be purchased or redeemed by the
Corporation, nor shall any moneys be paid or made available for any sinking fund
for the purchase or redemption of any Junior Stock, unless all unpaid
accumulated and accrued entitlements on the outstanding shares of Series F
Preferred Stock, to and including the date fixed for such declaration, payment
or distribution with respect to any Junior Stock, shall have been either paid or
declared and a sum sufficient for the payment thereof set apart.

Distributions upon Liquidation, Dissolution or Winding Up.
---------------------------------------------------------

         In the event of any voluntary or involuntary liquidation, dissolution
or other winding up of the affairs of the Corporation, before any distribution
or payment shall be made to the holders of Junior Stock, the holders of the
Series F Preferred Stock shall be entitled to be paid all declared but unpaid
dividends thereon, if any, to and including the date fixed for such distribution
or payment in cash or in property (taken at its fair value as determined by the
Board of Directors of the Corporation) or both, at the election of the Board of
Directors. If such payment shall have been made in full to the holders of the
Series F Preferred Stock, and if payment shall have been made in full to the
holders of any Parity Stock of all amounts to which such holders shall be
entitled, the holders of the Series F Preferred Stock shall be entitled to
receive out of the remaining assets and funds of the Corporation shall be
distributed an amount per share equal to ten thousand (10,000) times of the
amount per share to be distributed to the holders of the Common Stock and to the
holders of all Parity Stock and Junior Stock. If, upon any such liquidation,
dissolution or other winding up of the affairs of the Corporation, the net
assets of the Corporation distributable among the holders of all outstanding
shares of the Series F Preferred Stock and of any Parity Stock shall be
insufficient to permit the payment in full to such holders of the preferential

                                       2
<PAGE>

amounts to which they are entitled, then the entire net assets of the
Corporation remaining after the distribution to holders of any Senior Stock of
the full amounts to which they may be entitled, shall be distributed among the
holders of the Series F Preferred Stock and of any Parity Stock rateably in
proportion to the full amounts to which they would otherwise be respectively
entitled. Neither the consolidation or merger of the Corporation into or with
another corporation or corporations, nor the sale of all or substantially all of
the Corporation's assets as or substantially as an entirety, nor the
distribution to the stockholders of the Corporation of all or substantially all
of the consideration received for such sale (provided that the Board of
Directors, whose determination, absent bad faith or manifest error, shall be
final, binding and conclusive, shall in good faith determine that such
distribution is a dividend and not a distribution or payment in connection with
the liquidation, dissolution or other winding up of the affairs of the
Corporation), shall be deemed a liquidation, dissolution or winding up of the
affairs of the Corporation within the meaning of this Section 3.

Conversion.
----------

                  (a)   Authorization of Conversion Shares. As soon as is
         practicable following the filing of this Certificate of Designation,
         the Corporation shall take such actions as are necessary to increase
         the number of authorized shares of the Corporation's Common Stock to an
         amount sufficient to permit the conversion, in full, of any and all
         shares of Series F Preferred Stock outstanding, from time to time, as
         provided below in this Section 4. Any issued shares of Series F
         Preferred Stock shall first become convertible, as provided below, upon
         the effectiveness of the increase in the authorized shares of the
         Corporation's Common Stock as aforesaid.

Optional Conversion. ^Subject to paragraph (a), above, any or all shares of the
Series F Preferred Stock shall be convertible at any time, and from time to
time, prior to December 31, 2005 at the option of the holder thereof, into fully
paid and non-assessable shares of Common Stock of the Corporation upon surrender
to the Corporation or its designee of the certificate or certificates
representing the share or shares to be so converted, together with a written
notice of election to convert, and, upon receipt by the Corporation or its
designee of such notice and of such surrendered certificate or certificates with
any appropriate endorsement thereon (as may be prescribed by the Board of
Directors), any such holder shall be entitled to receive a certificate or
certificates representing the shares of Common Stock into which such shares of
Series F Preferred Stock are convertible, and any such holder shall be deemed to
be a holder of record of such shares of Common Stock as of the time of such
receipt by the Corporation its designee.

Mandatory Conversion. Subject to paragraph (a), above, upon the earlier to occur
of (i) the affirmative vote or written consent of the holders of a majority of
the outstanding shares of Series F Stock or (ii) December 31, 2005, all shares
of Series F Stock then outstanding shall be automatically converted, in full,
into fully paid and non-assessable shares of Common Stock of the Corporation and
shall cease to be outstanding, and each certificate theretofore representing
shares of Series F Preferred Stock shall thereafter represent only the right to
receive upon surrender to the Corporation or its designee of such certificates
one or more certificates representing the shares of Common Stock of the
Corporation into which the shares of Series F Preferred Stock represented
thereby shall have been converted hereunder.

Basis for Conversion. The conversion rate under this Section 4 shall be ten
thousand (10,000) shares of Common Stock for each share of Series F Preferred
Stock which is converted. In connection with effecting any transfer of any
Series F Preferred Stock to the Corporation for cancellation upon conversion of
the same into Common Stock the Corporation may, but shall not be obliged to,
issue a certificate or certificates for fractions of Common Stock in lieu
thereof, the Corporation may pay cash equal to the fair value of such fraction
of Common Stock as determined by the Board of Directors of the Corporation.
Except as may otherwise be provided by law, shares of Series F Preferred Stock
which have been converted shall be retired and restored to the status of
authorized but unissued shares of Preferred Stock of the Corporation.

                                       3
<PAGE>

Authorized Common Stock; Reservation of Common Stock for Issuance Upon
Conversion. Subject to the Corporation amending its Certificate of Incorporation
to increase the number of authorized shares of Common Stock to an amount
sufficient to permit conversion of all issued and outstanding shares of Series F
Preferred Stock^, the Corporation shall ^reserve such number of authorized
shares of Common Stock as is necessary to permit the conversion, in full, of
such outstanding shares of Series F Preferred Stock as provided herein, ^which
reserved shares shall be issued only in satisfaction of the conversion rights
and privileges of the outstanding shares of Series F Preferred Stock, as
aforesaid.

Reorganization, Reclassification, Consolidation, Merger and Sale of Assets. If
any capital reorganization or reclassification of the capital stock of the
Corporation, or any consolidation or merger of the Corporation with another
corporation, or the sale of all or substantially all of its assets to another
corporation, shall be effected in such a way that holders of Common Stock shall
be entitled to receive stock, securities or assets with respect to or in
exchange for shares of Common Stock, then, as a condition of such
reorganization, reclassification, consolidation, merger or sale, lawful and
adequate provision shall be made whereby each holder of Series F Preferred Stock
shall thereafter have the right to receive, upon the basis and upon the terms
and conditions specified in this paragraph and in lieu of Common Stock of the
Corporation immediately theretofore receivable upon the conversion of a share of
Series F Preferred Stock, such share or shares of the stock, securities or
assets as may be issued or payable with respect to or in exchange for a number
of outstanding shares of Common Stock equal to the number of shares of such
stock immediately theretofore receivable upon conversion of a share of Series F
Preferred Stock, had such reorganization, reclassification, consolidation,
merger or sale not taken place, and in any such case appropriate provision shall
be made with respect to the rights and interest of the holders of shares of
Series F Preferred Stock to the end that the provisions hereof (including,
without limitation, provisions for adjustments of the Conversion Rate and of the
number of shares receivable upon the conversion of Series F Preferred Stock)
shall thereafter be applicable, as nearly as may be, in relation to any shares
of stock, securities or assets thereafter deliverable upon the conversion of a
share of Series F Preferred Stock. The Corporation will not effect any such
consolidation, merger or sale unless prior to the consummation thereof the
successor corporation resulting from such consolidation or merger (if other than
the Corporation), or the corporation purchasing such assets, shall, by written
instrument in form and substance satisfactory to holders of a majority of the
outstanding Series F Preferred Stock (who shall not unreasonably withhold or
delay their approval) mailed or delivered to the addresses of such holders
appearing on the books of the Corporation, assume the obligation to deliver to
such holders such share or shares of stock, securities or assets as, in
accordance with the foregoing provisions, such holders may be entitled to
receive. Upon each such adjustment of the basis for conversion, the Corporation
shall give written notice thereof by first class mail, postage prepaid,
addressed to the holders of shares of Series F Preferred Stock at the addresses
of such holders as shown on the books of the Corporation. The notice shall state
the conversion rate resulting from such adjustment and set forth in reasonable
detail the method of calculation and the facts upon which such calculation is
based. Notice. If at any time:

                  (d)   the Corporation shall declare any cash dividend upon its
         Common Stock or Parity Stock;

                  (e)    the Corporation shall declare any dividend upon its
         Common Stock or Parity Stock payable in stock or authorize any other
         distribution (other than regular cash dividends) to the holders of its
         Common Stock or Parity Stock;

                  (f)    the Corporation shall offer for subscription pro rata
         to the holders of its Common Stock or Parity Stock any additional
         shares of stock or any class or other rights;

                  (g)    there shall be any capital reorganization, or a
         reclassification of the capital stock of the Corporation or a
         consolidation or merger of the Corporation with, or sale of all or
         substantially all of its assets to, another corporation; or

                                       4
<PAGE>

                  (h)    there shall be a voluntary or involuntary dissolution,
         liquidation or winding up of the Corporation,

then, in any one or more of said cases, the Corporation shall give, by first
class mail, postage prepaid, addressed to the holders of Series F Preferred
Stock, at the addresses of such holders as shown on the books of the
Corporation, (A) at least 20 days' prior written notice of the date on which the
books of the Corporation shall close and a record date shall be taken for such
dividend, distribution or subscription rights or for determining rights to vote
in respect of any such reorganization, reclassification, consolidation, merger,
sale, dissolution, liquidation or winding up, and (B) in the case of any such
reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation or winding up, at least 20 days' prior written notice of the date
when the same shall take place. Each such notice made in accordance with the
foregoing clause (A) shall also specify, in the case of any such dividend,
distribution or subscription rights, the date on which the holders of Common
Shares shall be entitled thereto, and such notice made in accordance with the
foregoing clause (B) shall also specify the date on which the holders of Common
Shares shall be entitled to exchange their Common Shares for securities or other
property deliverable upon such reorganization, reclassification, consolidation,
merger, sale, dissolution, liquidation or winding up, as the case may be. The
failure to give any such notice shall not invalidate any such corporate action.

Further Adjustments to Basis for Conversion. If any stock split, reverse stock
split, combination of shares or other event occurs as to which, in the opinion
of the Board of Directors, the other provisions of this Section 4 are not
strictly applicable or, if strictly applicable, would not fairly protect the
conversion rights of the holders of Series F Preferred Stock in accordance with
the essential intent and principles of such provisions, then the Board of
Directors shall make an adjustment in the application of such provisions, in
accordance with such essential intent and principles, so as to protect such
conversion rights as aforesaid, but in no event shall any such adjustment have
the effect of reducing the basis for conversion as otherwise determined except
in the event of a reverse stock split or combination of shares.

Dissolution, Liquidation and Winding Up. In the event of a judicial or
non-judicial dissolution, liquidation or winding-up of the Corporation, the
conversion rights and privileges of the holders of Series F Preferred Stock
shall terminate on a date, as fixed by the Board of Directors of the
Corporation, not more than 60 days and not less than 10 days before the date of
such dissolution.

Voting Rights.
-------------

         The holders of shares of the Series F Preferred Stock shall have ten
thousand (10,000) votes per share held and shall have the right to vote for any
purpose as the holders of the Corporation's Common Stock. Notwithstanding the
foregoing, unless the vote of the holders of a greater number of shares of the
Series F Preferred Stock shall then be required by law, the consent of the
holders of at least a majority of all of the shares of the Series F Preferred
Stock at the time outstanding, given in person or by proxy by a vote at a
meeting called for the purpose or by written consent pursuant to Section 228 of
the Delaware Business Corporation Law, at or pursuant to which the holders of
shares of the Series F Preferred Stock shall vote or act together as a separate
class, shall be necessary for authorizing, effecting or validating (A) the
creation, authorization or issue of any shares of any class of Senior Stock or
Parity Stock, or (B) the reclassification of any authorized stock of the
Corporation into Senior Stock or Parity Stock, or (C) the creation,
authorization or issue of any obligation or security convertible into or
evidencing the right to purchase any Senior Stock or Parity Stock.

                                       5
<PAGE>

Exclusion of Other Rights.
-------------------------

         Except as may otherwise be required by law, the shares of Series F
Preferred Stock shall not have any preferences or relative, participating,
optional or other special rights other than those specifically set forth in this
resolution and in the Certificate of Incorporation of the Corporation.

Headings of Sections and Paragraphs.
-----------------------------------

         The headings of the various sections and paragraphs hereof are for
convenience of reference only and shall not affect the interpretation of any of
the provisions hereof.

         IN WITNESS WHEREOF, the Corporation has caused this Certificate to be
executed by its President and Secretary, respectively, as of the ____ day of
_______, 2005.

         ------------------------------------    -------------------------------
                                  , Secretary    Edward C. Levine, President
         -------------------------

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]