Document:

EXHIBIT 10.3

                            STOCK PURCHASE AGREEMENT

         THIS STOCK PURCHASE AGREEMENT ("Agreement") is entered into this 4th of
May,  2005 by and among U.S.  TELESIS  HOLDINGS,  INC.,  a Delaware  corporation
(hereinafter   referred   to  as   "Buyer");   and   __________________________,
(hereinafter referred to as "Seller"),  being a stockholder of CATCHER,  INC., a
Delaware corporation (the "Company").

         WHEREAS,   Seller  is  the  owner  of  record  and  beneficially   owns
________________________  shares of the issued and outstanding  shares of Common
Stock of the Company (the "Shares"); and

         WHEREAS,  Seller  holds a series A warrant to  purchase  ______________
Shares and a series B warrant to purchase  _____________  Shares (together,  the
"Warrants"); and

         WHEREAS,  simultaneously  herewith Buyer and holders of preferred stock
of the Company (the "Preferred  Stock") entered into a Stock Purchase  Agreement
(the "First  Agreement")  whereby Buyer  purchased from those  stockholders  all
shares of  Preferred  Stock of the  Company  which  they  owned on the terms and
conditions set forth in the First Agreement; and

         WHEREAS,  one  of  the  conditions  to the  consummation  of the  First
Agreement was that Buyer would offer to purchase  from the remaining  holders of
the shares of the capital  stock of the Company all such shares they owned after
the closing of the First Agreement; and

         WHEREAS,  Seller desires to sell all of the Shares to Buyer,  and Buyer
desires to purchase the Shares, upon the terms and conditions set forth herein.

         NOW,  THEREFORE,  in consideration of the mutual promises and covenants
contained herein,  and for other good and valuable  consideration,  the receipt,
adequacy and  sufficiency of which are hereby  acknowledged,  the parties hereto
agree as follows:

                                       I.

                         SALE AND PURCHASE OF THE SHARES

1.1 SALE AND  PURCHASE.  Subject  to the terms  and  conditions  hereof,  at the
Closing (as defined in  paragraph  1.3 below),  Seller  agrees to sell,  assign,
transfer,  convey and deliver to Buyer and by these presents does sell,  assign,
transfer  convey and deliver to Buyer and Buyer agrees to purchase  from Seller,
all of Seller's right, title and

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interest in and to the Shares  listed in Exhibit "A",  attached  hereto.  At the
Closing,  the Company is requested  and  instructed  to transfer the Shares from
Seller to Buyer on the books of the Company.

         1.2  WARRANTS.  Subject  to the terms  and  conditions  hereof,  at the
Closing,  Buyer agrees to assume the  obligations of the Company to Seller under
the Warrants in accordance  with the terms of the Warrants as if Seller were the
issuer of the Warrants.

         1.3 CLOSING. The purchase shall be consummated at a closing ("Closing")
to take place at 11:00 o'clock a.m., at the offices of Buyer's counsel on May 4,
2005  ("Closing  Date") or at such other time or location as the parties  hereto
agree.

         1.4 PURCHASE PRICE. The aggregate purchase price ("Purchase Price") for
the Shares shall be  ___________  shares of Common Stock of the Buyer  ("Buyer's
Shares").  This  portion of the  Purchase  Price  shall be paid at  Closing,  by
issuance and delivery of Buyer's Shares to Seller.

         1.5 OTHER  AGREEMENTS.  At the Closing,  Buyer and Seller shall execute
and deliver the Registration Rights Agreement in substantially the form attached
hereto as Exhibit B;

         1.6 BASIC AGREEMENTS AND TRANSACTIONS DEFINED. This Agreement and other
agreement  listed in  paragraph  1.5,  are  sometimes  referred to as the "Basic
Agreements". The transactions contemplated by the Basic Agreements and the First
Agreements are sometimes referred to as the "Transactions".

                                       II.

                         REPRESENTATIONS AND WARRANTIES

         2.1  REPRESENTATIONS  AND WARRANTIES OF SELLER.  Seller  represents and
warrants to Buyer, with respect to the Shares owned by Seller, as follows:

              (a) TITLE TO THE SHARES.  At Closing,  Seller  shall own of record
              and beneficially the Shares listed of the Company,  free and clear
              of all liens, encumbrances,  pledges, claims, options, charges and
              assessments of any nature  whatsoever,  with full right and lawful
              authority  to  transfer  the  Shares to Buyer.  No person  has any
              preemptive  rights or rights of first  refusal with respect to any
              of the Shares. There exists no voting agreement,  voting trust, or
              outstanding proxy with respect to any of the Shares.  There are no
              outstanding rights, options, warrants, calls, commitments,  or any
              other agreements of any character,  whether oral or written,  with
              respect to the Shares.

                                      -2-
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              (b) INVESTMENT INTENT. Seller is acquiring the shares of Buyer for
              his or her own account, for investment purposes only, and not with
              a view to the sale or distribution of any part thereof, and Seller
              has no present intention of selling, granting participation in, or
              otherwise  distributing the same. Seller  understands the specific
              risks related to an investment in the shares of Buyer,  especially
              as it relates to the financial performance of Buyer.

              (c)  [For  corporate  entities  only:  AUTHORITY.  Seller  has all
              necessary  power and  authority  to execute  and deliver the Basic
              Agreements,  to perform its obligations  hereunder and thereunder,
              and,  subject to  obtaining  necessary  stockholder  approval  (if
              required by applicable Law) in connection  with the  Transactions,
              to  consummate  the  Transactions.  The  execution,  delivery  and
              performance  by  the  Seller  of the  Basic  Agreements,  and  the
              consummation  by  Seller  of  the  Transactions   have  been  duly
              authorized  by  all  necessary   corporate  action  and  no  other
              corporate  proceedings  on the part of  Seller  are  necessary  to
              authorize the Basic  Agreements or to consummate the  Transactions
              This Agreement has been duly executed and delivered by Seller and,
              assuming the due  authorization,  execution and delivery by Buyer,
              constitutes  a legal,  valid  and  binding  obligation  of  Seller
              enforceable against Seller in accordance with its terms subject to
              subject  to  applicable  bankruptcy,  insolvency,  reorganization,
              moratorium,  and similar Laws of general applicability relating to
              or  affecting  creditors'  rights  and to  general  principles  of
              equity.]

              2.2  REPRESENTATIONS AND WARRANTIES OF BUYER. Buyer represents and
warrants to Seller as follows:

              (a)  ORGANIZATION.  Buyer  is  a  corporation  duly  incorporated,
              validly  existing and in good standing under the laws of the state
              of Delaware. Buyer has all requisite corporate power and authority
              to own,  lease  and  operate  its  properties  and to carry on its
              business.  Buyer  is  duly  qualified  and in good  standing  as a
              foreign  corporation in each  jurisdiction  where its ownership of
              property or  operation  of its  business  requires  qualification,
              except where the failure to be qualified would not have a material
              adverse effect on the Company.

              (b) AUTHORIZED  CAPITALIZATION.  The authorized  capitalization of
              Buyer  consists of Fifty Million  (50,000,000)  shares of .001 par
              value  Common  Stock,   of  which  Twelve  Million  Eight  Hundred
              Twenty-Five  Thousand  (12,825,000)  shares  will  be  issued  and
              outstanding prior to Closing and One Million (1,000,000) shares of
              .001 par value  Preferred  Shares of which

                                      -3-
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              none are outstanding.  Buyer's Shares,  when issued,  will be duly
              authorized, validly issued, are fully paid and non-assessable with
              no personal liability  attaching to the ownership thereof and were
              offered,  issued,  sold and delivered by Buyer in compliance  with
              all applicable state and federal laws. At Closing,  Buyer will not
              have   any   outstanding   rights,   options,   warrants,   calls,
              commitments,  conversion or any other agreements of any character,
              whether oral or written,  obligating it to issue any shares of its
              capital stock,  whether authorized or not. Buyer is not a party to
              and is  not  bound  by any  agreement,  contract,  arrangement  or
              understanding,  whether  oral or  written,  giving  any  person or
              entity any interest in, or any right to share,  participate  in or
              receive any  portion of,  Buyer's  income,  profits or assets,  or
              obligating Buyer to distribute any portion of its income,  profits
              or assets.

              (c) NO SUBSIDIARY.  As of the date of this Agreement,  the Company
              does not  directly  or  indirectly  owns  any  equity  or  similar
              interest in, or any interest  convertible  into or exchangeable or
              exercisable  for, any corporation,  partnership,  joint venture or
              other business association or entity.

              (d) AUTHORITY.  (1) Buyer has all necessary power and authority to
              execute  and  deliver  the  Basic   Agreements,   to  perform  its
              obligations  hereunder and thereunder,  and,  subject to obtaining
              necessary  stockholder approval (if required by applicable Law) in
              connection with the Transactions,  to consummate the Transactions.
              The execution,  delivery and performance by the Buyer of the Basic
              Agreements, and the consummation by Buyer of the Transactions have
              been duly  authorized  by all  necessary  corporate  action and no
              other corporate  proceedings on the part of Buyer are necessary to
              authorize the Basic  Agreements or to consummate the  Transactions
              (other than, with respect to the contemplated reverse stock split,
              the  approval and  adoption of such by the  affirmative  vote of a
              majority  of the voting  power of the then  outstanding  shares of
              Common  Stock  and  the  filing  and  recordation  of  appropriate
              documents as required by the Delaware  General  Corporation  Law).
              This  Agreement has been duly executed and delivered by Buyer and,
              assuming the due authorization,  execution and delivery by Seller,
              constitutes  a  legal,  valid  and  binding  obligation  of  Buyer
              enforceable  against Buyer in accordance with its terms subject to
              subject  to  applicable  bankruptcy,  insolvency,  reorganization,
              moratorium,  and similar Laws of general applicability relating to
              or  affecting  creditors'  rights  and to  general  principles  of
              equity.

              (2) By unanimous  written  consent  dated May 4, 2005 the Board of
              Buyer  (i)   determined   that  the  Basic   Agreements   and  the
              Transactions  are advisable and in the best interests of Buyer and
              Buyer's   stockholders,   (ii)  approved  and  adopted  the  Basic
              Agreements  and the  Transactions,  (iii)  resolved  to

                                      -4-
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              recommend   approval  and  adoption  of  this  Agreement  and  the
              amendment  of the  certificate  of  incorporation  of Buyer by the
              Buyer's  stockholders.  The actions taken by the Board  constitute
              approval of the Basic Agreements and the Transactions.

              (e) REQUIRED  FILINGS AND CONSENTS.  The execution and delivery of
              the Basic  Agreements by Buyer do not, and the  performance of the
              Basic  Transactions  by  Buyer  will  not,  require  any  consent,
              approval,   authorization   or  permit  of,  or  filing   with  or
              notification to, any United States federal,  state or local or any
              foreign  government  or any court,  administrative  or  regulatory
              agency or  commission or other  governmental  authority or agency,
              domestic  or foreign  (a  "Governmental  Entity"),  except (i) for
              applicable requirements, if any, of the Securities Exchange Act of
              1934 (the "Exchange Act"), state securities or "blue sky" laws and
              filing and recordation of appropriate documents as required by the
              Delaware General Corporation Law and (ii) for filings contemplated
              by Section 2.2(d) hereof.

              (f)  NO  CONFLICT.   The  execution  and  delivery  of  the  Basic
              Agreements  by  Buyer do not,  and the  performance  of the  Basic
              Agreements by Buyer and the consummation of the Transactions  will
              not (i) conflict with or violate  Certificate of  Incorporation or
              Bylaws of Buyer, (ii) subject to Section 2.2 (e), conflict with or
              violate any United States  federal,  state or local or any foreign
              statute, law, rule, regulation,  ordinance, code, order, judgment,
              decree  or  any  other  requirement  or  rule  of  law  (a  "Law")
              applicable  to Buyer or by which any property or asset of Buyer is
              bound or affected,  or (iii) result in a breach of or constitute a
              default  (or an event  which with  notice or lapse of time or both
              would  become  a  default)  under,  give to  others  any  right of
              termination, amendment, acceleration or cancellation of, result in
              triggering  any  payment  or other  obligations,  or result in the
              creation of a lien or other  encumbrance  on any property or asset
              of Buyer in any case that would be material to Buyer  pursuant to,
              any note, bond, mortgage,  indenture,  contract, agreement, lease,
              license,  permit,  franchise or other  instrument or obligation or
              material  contract  to which Buyer is a party or by which Buyer or
              any property or asset of any of them is bound or affected.

              (g)  COMPLIANCE.  Buyer  (i) has  been  operated  at all  times in
              compliance in all material  respects  with all Laws  applicable to
              Buyer  or by which  any  property,  business  or asset of Buyer is
              bound or affected  and (ii) is not in default or  violation of any
              notes,  bonds,  mortgages,   indentures,   contracts,  agreements,
              leases,  licenses,  permits,  franchises,  or other instruments or
              obligations  to which  Buyer  is a party or by which  Buyer or any
              property  or  asset of Buyer  is  bound  or  affected  other  than
              defaults or  violations  which

                                      -5-
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              individually or in the aggregate  would  reasonably be expected to
              be material to Buyer.

              (h) SEC  FILINGS.  Buyer and,  to Buyer's  knowledge,  each of its
              current stockholders has filed all forms, reports,  statements and
              documents  required  to be filed  with the SEC since May 29,  2003
              (the "SEC  REPORTS"),  each of which has  complied in all material
              respects with the applicable requirements of the Securities Act of
              1933,  as  amended  (the  "SECURITIES  ACT"),  and the  rules  and
              regulations promulgated thereunder,  and the Exchange Act, and the
              rules and regulations promulgated thereunder, each as in effect on
              the date so filed.  Other than as  disclosed  in Risk Factor 12 of
              the Private  Placement  Memorandum  of the Company dated April 27,
              2005, none of the SEC Reports (including, any financial statements
              or  schedules  included  or  incorporated  by  reference  therein)
              contained  when filed 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.  Other than as disclosed in
              Risk Factor 12 of the Private Placement  Memorandum of the Company
              dated  April 27,  2005 and except to the extent  that  information
              contained  in any SEC Report has been revised or  superseded  by a
              later  filed SEC  Report,  none of the SEC  Reports  contains  any
              untrue statement of a material fact or omits to state any 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 principal executive officer of
              the Company  and the  principal  financial  officer of the Company
              (and each former  principal  executive  officer of the Company and
              each  former  principal  financial  officer  of  the  Company,  as
              applicable) has made the  certifications  required by Sections 302
              and 906 of the  Sarbanes-Oxley  Act of 2002  (the  "SARBANES-OXLEY
              ACT") and the rules and  regulations  of the SEC  thereunder  with
              respect to the Company's filings pursuant to the Exchange Act. For
              purposes of the preceding sentence,  "principal executive officer"
              and "principal financial officer" shall have the meanings given to
              such terms in the Sarbanes-Oxley Act.

              (i) BUYER'S FINANCIAL STATEMENTS.  All of the financial statements
              included in the SEC Reports,  in each case,  including any related
              notes thereto, as filed with the SEC (those filed with the SEC are
              collectively  referred  to as the "BUYER  FINANCIAL  STATEMENTS"),
              have  been  prepared  in  accordance   with   generally   accepted
              accounting  principles  ("GAAP")  applied  on a  consistent  basis
              throughout the periods involved (except as may be indicated in the
              notes thereto or, in the case of the unaudited statements,  as may
              be  permitted  in the Form 10-QSB of the SEC and

                                      -6-
<PAGE>

              subject,  in the  case of the  unaudited  statements,  to  normal,
              recurring audit  adjustments)  and fairly present the consolidated
              financial  position of Buyer at the  respective  dates thereof and
              the  results of its  operations  and changes in cash flows for the
              periods  indicated.   Except  as  set  forth  in  Buyer  Financial
              Statements,  Buyer is not aware of any  material  liabilities  for
              which it is liable or will become liable in the future.

              (j) TAXES.  Buyer has timely  filed all Tax  Returns  (as  defined
              below)  required to be filed by it. All such Tax Returns are true,
              correct  and  complete  in all  material  respects.  All Taxes (as
              defined  below)  of Buyer  which  are (i) shown as due on such Tax
              Returns,  (ii)  otherwise  due and  payable  or (iii)  claimed  or
              asserted by any taxing authority to be due, have been paid, except
              for  those  Taxes  being  contested  in good  faith  and for which
              adequate   reserves  have  been   established   in  the  financial
              statements  included in the SEC Reports in  accordance  with GAAP.
              There are no liens for any Taxes upon the  assets of Buyer,  other
              than  statutory  liens for Taxes not yet due and payable and liens
              for real estate Taxes contested in good faith. Buyer does not know
              of any proposed or threatened Tax claims or assessments  which, if
              upheld,  could  individually  or in the aggregate  have a material
              adverse effect on the Buyer or its financial conditions. Buyer has
              not  waived  any  statute  of  limitations  in respect of Taxes or
              agreed to any  extension of time with respect to a Tax  assessment
              or  deficiency.  Buyer has  withheld and paid over to the relevant
              taxing authority all Taxes required to have been withheld and paid
              in connection with payments to employees, independent contractors,
              creditors,  stockholders or other third parties.  The unpaid Taxes
              of Buyer for the  current  taxable  period (A) did not,  as of the
              most recent Buyer Financial Statements, exceed the reserve for Tax
              liability  set forth on the face of the balance  sheet in the most
              recent  Buyer  Financial  Statements  and (B) do not  exceed  that
              reserve as adjusted for the passage of time through the Closing in
              accordance  with the past  custom and  practice of Buyer in filing
              its Tax Returns.  For purposes of this Agreement,  (a) "Tax" (and,
              with correlative meaning, "Taxes") means any federal, state, local
              or foreign income, gross receipts,  property, sales, use, license,
              excise,  franchise,  employment,  payroll,  premium,  withholding,
              alternative or added minimum, ad valorem,  transfer,  franchise or
              excise tax, or any other tax,  custom,  duty,  governmental fee or
              other like assessment or charge of any kind  whatsoever,  together
              with any interest or penalty or addition thereto, whether disputed
              or not, imposed by any Governmental  Entity,  and (b) "Tax Return"
              means any return, report or similar statement required to be filed
              with  respect  to any  Tax  (including  any  attached  schedules),
              including any information return, claim for refund, amended return
              or declaration of estimated Tax.

                                      -7-
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              (k)  CHANGE  OF  CONTROL  AGREEMENT.  Neither  the  execution  and
              delivery  of the  Basic  Agreements  nor the  consummation  of the
              Transactions (either alone or in conjunction with any other event)
              result  in,  cause the  accelerated  vesting  or  delivery  of, or
              increase  the  amount or value of,  any  payment or benefit to any
              director,  officer,  employee  or  consultant  of  Buyer.  Without
              limiting  the  generality  of the  foregoing,  no  amount  paid or
              payable by Buyer in connection with the Transactions  contemplated
              by  this  Agreement,  including  accelerated  vesting  of  options
              (either  solely  as a  result  thereof  or  as a  result  of  such
              transactions  in  conjunction  with any other  event),  will be an
              "excess  parachute  payment" within the meaning of Section 280G of
              the Internal Revenue Code.

              (l) INVESTMENT  INTENT.  Buyer is acquiring the Shares for its own
              account,  for investment purposes only, and not with a view to the
              sale or distribution of any part thereof, and Buyer has no present
              intention  of selling,  granting  participation  in, or  otherwise
              distributing  the  same.  Buyer  understands  the  specific  risks
              related to an investment  in the Shares,  especially as it relates
              to the financial performance of the Company.

              (m) MATERIAL CONTRACTS.  Buyer has no purchase,  sale, commitment,
              or other contract, the breach or termination of which would have a
              materially  adverse effect on the business,  financial  condition,
              results of operations, assets, liabilities, or prospects of Buyer.

              (n) NO LITIGATION. There are no actions, suits, claims, complaints
              or proceedings  pending or threatened  against Buyer, at law or in
              equity, or before or by any governmental  department,  commission,
              court, board, bureau, agency or instrumentality;  and there are no
              facts which would provide a valid basis for any such action,  suit
              or proceeding,  which, if determined adversely to the Buyer, would
              have a material adverse effect on the Buyer.  There are no orders,
              judgments  or decrees of any  governmental  authority  outstanding
              which specifically apply to Buyer or any of its assets.

              (o) NO  OPERATIONS.  Buyer does not  currently  have any  business
              operations  or  material   assets.   Upon   consummation   of  the
              Transactions,  Buyer shall not have in excess of $10,000 in debts,
              obligations or liabilities of any kind or nature.

                                      -8-
<PAGE>

                                      III.

                                    COVENANTS

              3.1 COVENANTS OF BUYER.  Buyer covenants and agrees to perform the
following acts:

                  (a) NO  INDEBTEDNESS.  Buyer will not create,  incur,  assume,
                  guarantee  or  otherwise  become  liable  with  respect to any
                  obligation for borrowed money, indebtedness, capitalized lease
                  or  similar  obligation,  except  in the  ordinary  course  of
                  business consistent with past practices,  where the entire net
                  proceeds  thereof  are  deposited  with  and  used  by  and in
                  connection with the business of Buyer.

                  (b) NO DIVIDENDS. Buyer will not declare, set aside or pay any
                  dividends or other distributions of any nature whatsoever.

                  (c)  CONTRACTS.  Buyer  will  not  enter  into or  assume  any
                  contract, agreement, obligation, lease, license, or commitment
                  except in the ordinary course of business consistent with past
                  practice or as contemplated by this Agreement.

                  (d)  CONSENTS.  Buyer will use its best good faith  efforts to
                  obtain the consent or approval of each person or entity  other
                  than a  Governmental  Entity  whose  consent  or  approval  is
                  required for the consummation of the Transactions contemplated
                  hereby  and to do  all  things  necessary  to  consummate  the
                  Transactions contemplated by the Basic Agreements.

                                       IV.

                           CONDITIONS PRECEDENT TO THE
                          OBLIGATIONS OF BUYER TO CLOSE

         The obligation of Buyer to close the Transactions  contemplated  hereby
is  subject  to the  fulfillment  by  Seller  prior  to  Closing  of each of the
following conditions, which may be waived in whole or in part by Buyer:

         4.1 COMPLIANCE  WITH  REPRESENTATIONS,  WARRANTIES  AND COVENANTS.  The
representations  and warranties of Seller contained in this Agreement shall have
been true and correct  when made and shall be true and correct as of the Closing
with the same  force and  effect as if made at the  Closing.  Seller  shall have
performed all agreements,  covenants and conditions  required to be performed by
Seller prior to the Closing.

         4.2  NO  LEGAL   PROCEEDINGS.   No  suit,  action  or  other  legal  or
administrative proceeding before any court or other governmental agency shall be
pending or threatened  seeking to enjoin the  consummation  of the  Transactions
contemplated hereby.

                                      -9-
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         4.3 OTHER AGREEMENTS. All parties other than Buyer  shall have executed
and delivered the Basic Agreements.

         4.4 DOCUMENTS TO BE DELIVERED BY SELLER.  The Company  and Seller shall
have delivered the following documents:

             (a) A fully  executed  Employment  Agreement  by  and  between  the
             Company and Charles Sander.

             (b) Such other  documents or  certificates  as shall  be reasonably
             required by Buyer or its counsel in order to close  and  consummate
             this Agreement.

         4.5 CLOSING OF FIRST AGREEMENT. The transactions contemplated under the
First Agreement shall have closed.

                                       V.

                           CONDITIONS PRECEDENT TO THE
                         OBLIGATIONS OF SELLER TO CLOSE

         The  obligation of Seller to close the  Transactions  is subject to the
fulfillment prior to Closing of each of the following  conditions,  any of which
may be waived in whole or in part by Seller:

                                      -10-
<PAGE>

         5.1 COMPLIANCE  WITH  REPRESENTATIONS,  WARRANTIES  AND COVENANTS.  The
representations  and warranties  made by Buyer in this Agreement shall have been
true and  correct  when  made and  shall be true  and  correct  in all  material
respects  at the  Closing  with  the same  force  and  effect  as if made at the
Closing, and Buyer shall have performed all agreements, covenants and conditions
required to be performed by Buyer prior to the Closing.

         5.2  NO  LEGAL   PROCEEDINGS.   No  suit,  action  or  other  legal  or
administrative  proceedings before any court or other governmental  agency shall
be pending or threatened  seeking to enjoin the consummation of the Transactions
contemplated hereby.

         5.3 OTHER AGREEMENTS. All parties other than Seller shall have executed
and delivered the Basic Agreements.

         5.4 PAYMENTS. Seller shall have received from Buyer all Common Stock to
be issued at the Closing by Buyer pursuant to all the Basic Agreements.

         5.5 CLOSING OF FIRST AGREEMENT. The transactions contemplated under the
First Agreement shall have closed.

                                       VI.

                       MODIFICATION, WAIVERS, TERMINATION
                                  AND EXPENSES

         6.1 MODIFICATION. Buyer and Seller may amend, modify or supplement this
Agreement in any manner as they may mutually agree in writing.

         6.2  WAIVERS.  Buyer and Seller  may in writing  extend the time for or
waive  compliance  by the other with any of the  covenants or  conditions of the
other contained herein.

         6.3 TERMINATION AND  ABANDONMENT.  This Agreement may be terminated and
the purchase of the Shares may be abandoned before the Closing:

              (a) By the mutual consent of Seller and Buyer;

              (b) By Buyer, if the  representations and warranties of Seller set
              forth herein shall not be accurate,  or the  conditions  precedent
              set forth in Article V shall have not have been satisfied,  in all
              material respects; or

                                      -11-
<PAGE>

              (c) By Seller, if the  representations and warranties of Buyer set
              forth herein shall not be accurate,  or the  conditions  precedent
              set  forth in  Article  V shall  not have  been  satisfied  in all
              material respects.

         Termination shall be effective on the date of receipt of written notice
specifying the reasons therefor.

                                      VII.

                                  MISCELLANEOUS

              7.1  REPRESENTATIONS  AND WARRANTIES TO SURVIVE.  Unless otherwise
              provided,  all of the representations and warranties  contained in
              this Agreement and in any  certificate,  exhibit or other document
              delivered pursuant to this Agreement shall survive the Closing for
              a period  of one (1)  year.  No  investigation  made by any  party
              hereto or their  representatives  shall constitute a waiver of any
              representation or warranty, and no such representation or warranty
              shall be merged into the Closing.

              7.2 BINDING EFFECT OF THE BASIC  AGREEMENTS.  The Basic Agreements
              and the  certificates  and other  instruments  delivered  by or on
              behalf of the  parties  pursuant  thereto,  constitute  the entire
              agreement  between the parties.  The terms and  conditions  of the
              Basic Agreements shall inure to the benefit of and be binding upon
              the respective heirs, legal representatives, successor and assigns
              of the parties hereto. Nothing in the Basic Agreements,  expressed
              or implied,  confers  any rights or remedies  upon any party other
              than  the  parties  hereto  and  their  respective  heirs,   legal
              representatives and assigns.  Whenever Seller is authorized to act
              hereunder,  any action  authorized by members of Seller  holding a
              majority  of the Shares  shall be deemed the act of and binding on
              all members of Seller.

              7.3 APPLICABLE LAW. The Basic Agreements are made pursuant to, and
              will be construed under, the laws of the State of Delaware.

              7.4   NOTICES.   All   notices,   requests,   demands   and  other
              communications hereunder shall be in writing and will be deemed to
              have been duly given when delivered or mailed, first class postage
              prepaid:

                    (a) If to Buyer, to:

                               U.S. Telesis, Inc.
                               ATTN: Nicholas Rigopulos, President
                               41 Commonwealth Avenue
                               Boston, MA   02116

                                      -12-
<PAGE>

                    (b) If to Company, to:

                               Catcher, Inc.

                               ATTN: Ira Tabankin - Chief Technology Officer and
                                     Chairman
                               1165 Via Vera Cruz

                               San Marcos, CA 92069
                               Tel.: (805) 443 9431
                               Fax: (760) 736 4476

         These  addresses may be changed from time to time by written  notice to
the other parties.

         7.5  HEADINGS.  The  headings  contained  in  this  Agreement  are  for
reference only and will not affect in any way the meaning or  interpretation  of
this Agreement.

         7.6 COUNTERPARTS.  This Agreement may be executed in counterparts, each
of which will be deemed an original and all of which  together  will  constitute
one instrument, and may be delivered by facsimile.

         7.7  SEVERABILITY.  If  any  one or  more  of the  provisions  of  this
Agreement shall, for any reason, be held to be invalid, illegal or unenforceable
under  applicable  law this  Agreement  shall be construed  as if such  invalid,
illegal  or  unenforceable  provision  had  never  been  contained  herein.  The
remaining  provisions  of this  Agreement  shall be given  effect to the maximum
extent then permitted by law.

         7.8  FORBEARANCE;  WAIVER.  Failure  to pursue  any legal or  equitable
remedy  or right  available  to a party  shall not  constitute  a waiver of such
right,  nor shall  any such  forbearance,  failure  or  actual  waiver  imply or
constitute waiver of subsequent default or breach.

         7.9 ATTORNEYS'  FEES AND EXPENSES.  The  prevailing  party in any legal
proceeding based upon this Agreement shall be entitled to reasonable  attorneys'
fees and expenses and court costs.

                                      -13-
<PAGE>

         7.10 EXPENSES.  Each party shall pay all fees and expenses  incurred by
it incident to this  Agreement and in connection  with the  consummation  of all
transactions contemplated by this Agreement.

         7.11  INTEGRATION.  This  Agreement and all  documents and  instruments
executed   pursuant  hereto  merge  and  integrate  all  prior   agreements  and
representations  respecting  the  Transactions,  whether  written  or oral,  and
constitute  the sole  agreement  of the  parties  in  connection  therewith  and
contains solely all  representations  and warranties with respect to its subject
matter.  This Agreement has been  negotiated by and submitted to the scrutiny of
both Seller and Buyer and their counsel and shall be given a fair and reasonable
interpretation  in accordance with the words hereof,  without  consideration  or
weight  being given to its having  been  drafted by either  party  hereto or its
counsel.

         IN WITNESS WHEREOF,  the undersigned  parties hereto have duly executed
this Stock Purchase Agreement on the date first written above.

                                     "BUYER"

                                     U.S. TELESIS HOLDING, INC.
                                     A DELAWARE CORPORATION

                                     BY:
                                        ----------------------------------
                                        NICHOLAS RIGOPULOS, PRESIDENT

                     [SELLER's signature on following page]

                                      -14-
<PAGE>

                                    "SELLER"

                                     BY:
                                        ----------------------------------

                                      -15-EXHIBIT 10.4

                          REGISTRATION RIGHTS AGREEMENT

         This agreement,  dated as of May 4, 2005 (this  "Agreement") is entered
into by and among U.S.  Telesis  Holdings,  Inc.,  a Delaware  corporation  (the
"UST") and the persons and entities listed on EXHIBIT A hereto.

                                    RECITALS

         WHEREAS,  Catcher, Inc., a Delaware corporation ("CATCHER"),  issued an
aggregate of 447,749.5  shares of its capital  stock in the form of its Series A
Preferred Stock and its common stock to certain  founders set forth on Exhibit A
(the "FOUNDERS"); and

         WHEREAS,  Catcher  engaged in a private  offering  to  certain  private
investors (the "PRIVATE INVESTORS") of 162,013 Units consisting in the aggregate
of 324,026  shares of Catcher's  common stock and Series A Warrants and Series B
Warrants  (collectively,  the  "WARRANTS")  to purchase an  aggregate of 324,026
additional shares of Catcher's common stock ; and

         WHEREAS,  UST and the  Purchasers  have entered  into a Stock  Exchange
Agreement of even date herewith (the "EXCHANGE AGREEMENT") pursuant to which UST
will acquire Catcher by (a) issuing its Series A Preferred Stock (the "PREFERRED
STOCK") to certain of the Founders and its common stock (the "COMMON  STOCK") to
the Private  Investors and certain other  Founders  (such Private  Investors and
Founders,  hereinafter  referred to as the  "PURCHASERS")  and (b)  assuming the
obligation under the Warrants to issue UST's common stock; and

         WHEREAS,   UST  and  the  Purchasers  desire  to  provide  for  certain
arrangements with respect to the registration of such shares of capital stock of
UST under the Securities Act of 1933, as amended (the "SECURITIES ACT");

         NOW,  THEREFORE,  in consideration of the mutual promises and covenants
contained in this agreement, the parties hereto agree as follows:

         1. CERTAIN DEFINITIONS.

         As used in this agreement, the following terms shall have the following
respective meanings:

                  1.1. The term  "Commission"  means the Securities and Exchange
Commission, or any other federal agency at the time administering the Securities
Act.

                  1.2. The term "Holder"  shall mean any person owning or having
the right to acquire  Registrable  Securities or any  permitted  transferee of a
Holder.

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

                  1.4.  The term  "Registrable  Securities"  shall  mean (a) the
Common Stock (including the Common Stock issuable upon exercise of the Warrants)
and (b) the Common  Stock  issuable  upon  conversion  of the  Preferred  Stock,
provided,  however,  that  securities  shall  only  be  treated  as  Registrable

                                      -1-
<PAGE>

Securities  if and  only for so long as they  (A)  have  not  been  disposed  of
pursuant to a registration  statement declared effective by the Commission;  (B)
have not been sold in a transaction  exempt from the registration and prospectus
delivery  requirements  of the Securities Act so that all transfer  restrictions
and restrictive  legends with respect thereto are removed upon the  consummation
of such sale; and (C) are held by a Holder.

                  1.5. The term "Selling Holders" shall mean the Holders selling
their Registrable Securities.

         2. MANDATORY REGISTRATION. UST agrees that:

                  2.1. it will file a registration statement covering the resale
of the  Registrable  Securities  within ninety (90) days of the date hereof (the
"Filing Deadline").

                  2.2. it will use its commercially  reasonable efforts and will
cooperate fully with the Commission to cause such  registration  statement to be
declared effective by the Commission within one hundred eighty (180) days of the
date hereof (the "Registration Deadline").

In the event UST fails to file a registration  statement  covering the resale of
Registrable  Securities  on or before the  Filing  Deadline,  UST shall,  at the
election  of the  Holder:  (i) pay to the  Holder  (prorated  for such  Holder's
percentage of the Offered  Amount  subscribed to by such Holder) an aggregate of
$45,000;  or (ii) issue to such Holder (prorated for such Holder's percentage of
the  Offered  Amount  subscribed  to by such  Holder)  the number of  additional
Warrants  and shares of Common  Stock that  would have been  purchasable  in the
Offering for $45,000 for every 30 day period  (pro-rated for period less than 30
days) that UST fails to file a registration  statement with the Commission after
the  Filing  Deadline.  In the  event  that,  due  to  the  fault  of  UST,  its
registration  statement is not deemed  effective by the  Commission on or before
the Registration  Deadline,  UST shall, at the election of the Holder (i) pay to
the  Holder  (prorated  for  such  Holder's  percentage  of the  Offered  Amount
subscribed  to by such Holder) an  aggregate  of $45,000;  or (ii) issue to such
Holder (prorated for such Holder's  percentage of the Offered Amount  subscribed
to by such Holder) the number of additional  Warrants and shares of Common Stock
that would have been  purchasable in the Offering for $45,000,  for every 30 day
period (pro-rated for period less than 30 days) that the registration  statement
is not deemed effective by the Commission after the Registration Deadline due to
the fault of UST.

         3. REGISTRATION  PROCEDURES.  Whenever required under this Agreement to
include Registrable  Securities in a UST registration  statement,  UST shall, as
expeditiously as commercially, reasonably possible:

                  3.1. Use best efforts to cause such registration  statement to
remain  effective until the later to occur of (A) two (2) years from the date of
this Agreement, or (B) two (2) years from the date the Private Investors convert
the  Warrants  to Common  Stock,  or (C) such time that all of such  Registrable
Securities  are no longer,  by reason of Rule 144(k) under the  Securities  Act,
required to be registered  for the sale thereof by such  Holders.  UST will also
use its best efforts to, during the period that such  registration  statement is
required to be maintained  hereunder,  file such  post-effective  amendments and
supplements  thereto as may be required by the  Securities Act and the rules and
regulations  thereunder;  provided,  however, that if applicable rules under the
Securities  Act governing  the  obligation  to file a  post-effective  amendment
permits,  in lieu of filing a  post-effective  amendment  that (i)  includes any
prospectus  required by Section  10(a)(3) of the Securities Act or (ii) reflects
facts or events representing a material or fundamental change in the information
set  forth in the  registration  statement,  UST may  incorporate  by  reference
information  required  to be  included  in (i) and (ii) above to the extent such
information  is contained in

                                      -2-
<PAGE>

periodic  reports  filed  pursuant  to  Section  13 or 15(d)  of the  Securities
Exchange Act (the "Exchange Act") in the registration statement.

                  3.2.  Prepare and file with the Commission such amendments and
supplements  to  such  registration  statement,   and  the  prospectus  used  in
connection with such registration  statement, as may be necessary to comply with
the  provisions of the  Securities  Act with respect to the  disposition  of all
securities covered by such registration statement.

                  3.3. Make  available for  inspection  upon  reasonable  notice
during UST's regular  business  hours by each Selling  Holder,  any  underwriter
participating in any distribution pursuant to such registration  statement,  and
any  attorney,  accountant  or other agent  retained by such  Selling  Holder or
underwriter,  all financial and other records, pertinent corporate documents and
properties of UST, and cause UST's  officers,  directors and employees to supply
all information  reasonably  requested by any such Selling Holder,  underwriter,
attorney, accountant or agent in connection with such registration statement.

                  3.4.  Furnish to the Selling Holders such numbers of copies of
a prospectus, including a preliminary prospectus as amended or supplemented from
time to time, in conformity  with the  requirements  of the Securities  Act, and
such other  documents as they may reasonably  request in order to facilitate the
disposition of Registrable Securities owned by them.

                  3.5. Use best  efforts to register and qualify the  securities
covered by such  registration  statement  under  state  securities  laws of such
jurisdictions as shall be reasonably requested by the Selling Holders; provided,
however,  that  UST  shall  not be  required  in  connection  therewith  or as a
condition  thereto  to qualify to do  business  or to file a general  consent to
service of process in any such  states or  jurisdictions,  unless UST is already
subject to service in such  jurisdiction  and except as may be  required  by the
Securities Act.

                  3.6. In the event of any underwritten  public offering,  enter
into and perform its obligations under an underwriting  agreement,  in usual and
customary  form,  with the managing  underwriter of such offering.  Each Selling
Holder  participating in such underwriting shall also enter into and perform its
obligations under such an agreement.

                  3.7 Notify each Holder of  Registrable  Securities  covered by
such registration  statement,  at any time when a prospectus relating thereto is
required to be delivered  under the  Securities  Act: (i) when the  registration
statement or any  post-effective  amendment  and  supplement  thereto has become
effective;  (ii) of the  issuance  by the  Commission  of any stop  order or the
initiation of proceedings  for that purpose (in which event UST shall make every
reasonable effort to obtain the withdrawal of any order suspending effectiveness
of the registration statement at the earliest possible time or prevent the entry
thereof);  (iii) of the receipt by UST of any  notification  with respect to the
suspension of the  qualification  of the Registrable  Securities for sale in any
jurisdiction or the initiation of any proceeding for such purpose; and (iv) when
UST notifies the  Commission  of the happening of any event as a result of which
the  prospectus  included  in such  registration  statement,  as then in effect,
includes  an untrue  statement  of a material  fact or omits to state a material
fact required to be stated therein or necessary to make the  statements  therein
not misleading in the light of the circumstances then existing.

                  3.8.  Cause  all  such   Registrable   Securities   registered
hereunder to be listed on each securities exchange or quotation service on which
similar securities issued by UST are then listed or quoted.

                                      -3-
<PAGE>

                  3.9.   Provide  a  transfer   agent  and   registrar  for  all
Registrable  Securities registered pursuant hereto and with the CUSIP number for
all such Registrable Securities,  in each case not later than the effective date
of such registration.

                  3.10.  Cooperate  with the Selling  Holders  and the  managing
underwriters,  if any, to  facilitate  the timely  preparation  and  delivery of
certificates   representing  the  Registrable   Securities  to  be  sold,  which
certificates will not bear any restrictive  legends; and enable such Registrable
Securities  to be in such  denominations  and  registered  in such  names as the
managing underwriters, if any, shall request at least two business days prior to
any sale of the Registrable Securities to the underwriters.

                  3.11.  Comply with all applicable rules and regulations of the
Commission.

                  3.12.  If the offering is  underwritten  and at the request of
any Selling Holder,  use its commercially  reasonable  efforts to furnish on the
date that  Registrable  Securities  are delivered to the  underwriters  for sale
pursuant  to  such  registration:  (i)  opinions  dated  such  date  of  counsel
representing  UST  for  the  purposes  of such  registration,  addressed  to the
underwriters and the transfer agent for the Registrable Securities so delivered,
respectively,  to  the  effect  that  such  registration  statement  has  become
effective  under the Securities Act and such  Registrable  Securities are freely
tradable, and covering such other matters as are customarily covered in opinions
of  issuer's   counsel   delivered  to  underwriters   and  transfer  agents  in
underwritten  public  offerings  and  (ii) a letter  dated  such  date  from the
independent  public  accountants who have certified the financial  statements of
UST included in the  registration  statement or the  prospectus,  covering  such
matters  as  are  customarily  covered  in  accountants'  letters  delivered  to
underwriters in underwritten public offerings.

         4.  FURNISH  INFORMATION.  It shall  be a  condition  precedent  to the
obligation of UST to take any action with respect to the Registrable  Securities
of any Selling  Holder that such Holder  shall  furnish to UST such  information
regarding the Holder,  the Registrable  Securities  held by the Holder,  and the
intended  method  of  disposition  of such  securities  as shall  be  reasonably
required  by UST  to  effect  the  registration  of  such  Holder's  Registrable
Securities.

         5.  REGISTRATION  EXPENSES.  UST  shall  bear and pay all  Registration
Expenses incurred in connection with any  registration,  filing or qualification
of  Registrable  Securities  with  respect to  registrations  pursuant  for each
Holder,  but  excluding  underwriting  discounts  and  commissions  relating  to
Registrable Securities and excluding any costs to any of the Holders,  including
without  limitation,  for  accounting,  financial,  legal or other  professional
advisors to any of the Holders.

         6. UNDERWRITING REQUIREMENTS. In connection with any offering involving
an underwriting  of shares of UST's capital stock,  UST shall not be required to
include any of the Holders'  Registrable  Securities in such underwriting unless
they accept the terms of the  underwriting  as agreed  upon  between UST and the
underwriters  selected  by it  (or by  other  persons  entitled  to  select  the
underwriters),  and then only in such quantity as the underwriters  determine in
their sole discretion will not jeopardize the success of the offering by UST.

         7. DELAY OF  REGISTRATION.  No Holder shall have any right to obtain or
seek an injunction  restraining or otherwise delaying any registration hereunder
as  the  result  of  any  controversy  that  might  arise  with  respect  to the
interpretation or implementation of this Article.

         8.  INDEMNIFICATION.  In the event that any Registrable  Securities are
included in a registration statement under this Agreement:

                                      -4-
<PAGE>

                  8.1. To the extent  permitted by law, UST will  indemnify  and
hold harmless each Holder,  any  underwriter  (as defined in the Securities Act)
for such Holder and each person, if any, who controls such Holder or underwriter
within the  meaning of the  Securities  Act or the  Exchange  Act,  against  any
losses,  claims,  damages,  or liabilities  (joint or several) to which they may
become  subject under the Securities  Act, or the Exchange Act,  insofar as such
losses,  claims,  damages,  or liabilities (or actions in respect thereof) arise
out  of or  are  based  upon  any  of the  following  statements,  omissions  or
violations  (collectively a "Violation")  in connection  with UST's  obligations
under this Agreement:  (i) any untrue  statement of a material fact contained in
such  registration  statement,  including  any  preliminary  prospectus or final
prospectus contained therein or any amendments or supplements thereto,  (ii) the
omission to state  therein a material  fact  required to be stated  therein,  or
necessary to make the statements  therein made, under the circumstances in which
they were made, not misleading,  or (iii) any violation by UST of the Securities
Act,  the  Exchange  Act,  or any  rule  or  regulation  promulgated  under  the
Securities  Act,  or the  Exchange  Act,  and UST will pay to each such  Holder,
underwriter  or  controlling  person,  as incurred,  any legal or other expenses
reasonably  incurred by them in connection with  investigating  or defending any
such loss, claim, damage,  liability,  or action;  provided,  however,  that the
indemnity  agreement  contained in this Section 8.1.  shall not apply to amounts
paid in settlement of any such loss, claim, damage, liability, or action if such
settlement  is effected  without the consent of UST,  nor shall UST be liable in
any such case for any such  loss,  claim,  damage,  liability,  or action to the
extent  that it  arises  out of or is based  upon a  Violation  which  occurs in
reliance upon and in conformity with written information furnished expressly for
use in connection  with such  registration  by any such Holder,  underwriter  or
controlling person.

                  8.2. To the extent  permitted by law, each Selling Holder will
indemnify and hold harmless  UST, each of its  directors,  each of its officers,
each person,  if any, who controls UST within the meaning of the Securities Act,
any  underwriter,  any other  Holder  selling  securities  in such  registration
statement and any  controlling  person of any such  underwriter or other Holder,
against any losses, claims,  damages, or liabilities (joint or several) to which
any of the foregoing  persons may become  subject,  under the Securities Act, or
the Exchange Act, insofar as such losses,  claims,  damages,  or liabilities (or
actions in respect  thereto)  arise out of or are based upon any  Violation,  in
each case to the extent (and only to the extent) that such  Violation  occurs in
reliance  upon and in  conformity  with  written  information  furnished by such
Holder  expressly for use in connection  with such  registration;  and each such
Holder will pay, as incurred, any legal or other expenses reasonably incurred by
any  person  intended  to be  indemnified  pursuant  to  this  Section  8.2,  in
connection  with  investigating  or  defending  any such  loss,  claim,  damage,
liability, or action; PROVIDED,  HOWEVER, that the indemnity agreement contained
in this  Section 8.2 shall not apply to amounts paid in  settlement  of any such
loss, claim, damage,  liability or action if such settlement is effected without
the consent of the Holder, which consent shall not be unreasonably withheld.

                  8.3. Promptly after receipt by an indemnified party under this
Section  8  of  notice  of  the  commencement  of  any  action   (including  any
governmental  action),  such  indemnified  party  shall,  if a claim in  respect
thereof is to be made  against  any  indemnifying  party  under this  Section 8,
deliver to the indemnifying  party a written notice of the commencement  thereof
and the  indemnifying  party shall have the right to participate in, and, to the
extent the indemnifying  party so desires,  jointly with any other  indemnifying
party similarly notified, to assume the defense thereof with counsel selected by
the  indemnifying  party and approved by the  indemnified  party (whose approval
shall not be  unreasonably  withheld);  provided,  however,  that an indemnified
party  (together  with all other  indemnified  parties which may be  represented
without  conflict by one  counsel)  shall have the right to retain one  separate
counsel,  with the fees and expenses to be paid by the  indemnifying  party,  if
representation  of  such  indemnified  party  by  the  counsel  retained  by the
indemnifying  party would be

                                      -5-
<PAGE>

inappropriate  due to actual  or  potential  differing  interests  between  such
indemnified  party and any  other  party  represented  by such  counsel  in such
proceeding.  The failure to deliver  written  notice to the  indemnifying  party
within a reasonable time of the commencement of any such action,  if prejudicial
to its ability to defend such action,  shall relieve such indemnifying  party of
any liability to the indemnified party under this Section 8.

                  8.4 If the  indemnification  provided for in this Section 8 is
held by a court of competent  jurisdiction  to be  unavailable to an indemnified
party with respect to any loss, liability, claim, damage, or expense referred to
therein,  then the indemnifying  party, in lieu of indemnifying such indemnified
party  hereunder,  shall  contribute  to the  amount  paid  or  payable  by such
indemnified party as a result of such loss, liability, claim, damage, or expense
in such  proportion  as is  appropriate  to reflect  the  relative  fault of the
indemnifying  party on the one hand and of the indemnified party on the other in
connection  with  the  statements  or  omissions  that  resulted  in such  loss,
liability,  claim,  damage,  or expense as well as any other relevant  equitable
considerations.  The  relative  fault  of  the  indemnifying  party  and  of the
indemnified  party shall be  determined  by reference  to,  among other  things,
whether the untrue or alleged untrue statement of a material fact or the alleged
omission  to state a  material  fact  relates  to  information  supplied  by the
indemnifying party or by the indemnified party and the parties' relative intent,
knowledge,  access to  information,  and  opportunity to correct or prevent such
statement or omission.

                  8.5.  Notwithstanding  the  foregoing,  to the extent that the
provisions on  indemnification  and  contribution  contained in an  underwriting
agreement entered into in connection with an underwritten public offering are in
conflict  with the foregoing  provisions,  the  provisions in such  underwriting
agreement shall control.

                  8.6. The  obligations  of UST and Holders under this Section 8
shall survive the completion of the Offering and the Acquisition.

         9. Reports Under Securities Exchange Act of 1934. With a view to making
available  to the  Holders  the  benefits  of Rule  144 and  any  other  rule or
regulation  of the  Commission  that  may at any time  permit  a Holder  to sell
securities  of  UST  to  the  public  without  registration  or  pursuant  to  a
registration on Form S-3, UST agrees to:

                  9.1.  make and keep  public  information  available,  as those
terms are  understood  and defined in Rule 144, at all times after 90 days after
the effective date of the  registration  statement  filed in connection  with an
Acquisition;

                  9.2.  file with the  Commission in a timely manner all reports
and other  documents  required of UST under the  Securities Act and the Exchange
Act; and

                  9.3.  furnish to any  Holder,  so long as the Holder  owns any
Registrable  Securities,  forthwith  upon  request (i) a copy of the most recent
annual or quarterly  report of UST and such other reports and documents so filed
by UST,  and (ii) such  other  information  as may be  reasonably  requested  in
availing any Holder of any rule or  regulation of the  Commission  which permits
the  selling of any such  securities  without  registration  or pursuant to such
form.

         10. GENERAL.

                  10.1. SEVERABILITY.  The invalidity or unenforceability of any
provision of this agreement shall not affect the validity or  enforceability  of
any other provision of this agreement.

                                      -6-
<PAGE>

                  10.2. SPECIFIC  PERFORMANCE.  In addition to any and all other
remedies  that  may be  available  at law in the  event  of any  breach  of this
agreement,  each  Purchaser  shall be entitled to  specific  performance  of the
agreements  and  obligations  of UST hereunder  and to such other  injunctive or
other equitable relief as may be granted by a court of competent jurisdiction.

                  10.3.  GOVERNING  LAW.  NOTWITHSTANDING  THE PLACE  WHERE THIS
AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES  HERETO,  THE PARTIES  EXPRESSLY
AGREE THAT ALL THE TERMS AND PROVISIONS  HEREOF SHALL BE CONSTRUED IN ACCORDANCE
WITH AND  GOVERNED BY THE LAWS OF THE STATE OF NEW YORK  WITHOUT  REGARD TO SUCH
STATE'S PRINCIPLES OF CONFLICTS OF LAW. IN THE EVENT THAT A JUDICIAL  PROCEEDING
IS NECESSARY,  THE SOLE FORUM FOR RESOLVING  DISPUTES ARISING OUT OF OR RELATING
TO THIS  AGREEMENT IS THE SUPREME  COURT OF THE STATE OF NEW YORK IN AND FOR THE
COUNTY OF NEW YORK OR THE  FEDERAL  COURTS  FOR SUCH STATE AND  COUNTY,  AND ALL
RELATED  APPELLATE  COURTS AND THE  PARTIES  HEREBY  IRREVOCABLY  CONSENT TO THE
JURISDICTION  OF  SUCH  COURTS  AND  AGREE  TO  SAID  VENUE.  THE  PARTIES  each
irrevocably waives any objection to the laying of venue of any such suit, action
or proceeding  brought in such courts and irrevocably  waives any claim that any
such suit, action or proceeding brought in any such court has been brought in an
inconvenient  forum.  THE PARTIES  HEREBY  WAIVE ANY RIGHT TO REQUEST A TRIAL BY
JURY IN ANY  LITIGATION  WITH  RESPECT TO THIS  AGREEMENT  AND  REPRESENTS  THAT
COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

                  10.4.  NOTICES.  All notices,  requests,  consents,  and other
communications  under this  agreement  shall be in  writing  and shall be deemed
delivered (i) in the case of Purchasers  located in the United States only,  two
business days after being sent by registered or certified  mail,  return receipt
requested,  postage prepaid,  and in the case of Purchasers  located outside the
United States, ten days after being sent by air mail,  postage prepaid,  or (ii)
the scheduled delivery date after being sent via a reputable  nationwide courier
service (no signed  receipt being  necessary),  or (iii) by fax with  electronic
confirmation of receipt, or (iii) by electronic mail, with no notice of delivery
failure, in each case to the intended recipient as set forth below:

If to UST:

                  U.S. Telesis Holdings, Inc.
                  1165 Via Vera Cruz
                  San Marcos, CA 92069
                  Attention: President

Copy to: Piliero Goldstein Kogan & Miller, LLP
                  10 East 53rd Street
                  New York, New York 10021
                  Attention: Robert D. Piliero

         If to a  Purchaser,  at the  address  set  forth on  EXHIBIT A for such
Purchaser,  or at such other address or addresses as may have been  furnished to
UST in writing by such Purchaser.

         10.5.  COMPLETE  AGREEMENT.   This  agreement  constitutes  the  entire
agreement and  understanding  of the parties  hereto with respect to the subject
matter hereof and supersedes all prior agreements and understandings relating to
such subject matter.

                                      -7-
<PAGE>

         10.6. AMENDMENTS AND WAIVERS. Any term of this agreement may be amended
or terminated  and the  observance  of any term of this  agreement may be waived
(either  generally  or in a  particular  instance  and either  retroactively  or
prospectively), with the written consent of UST and the holders of a majority of
the Registrable  Shares;  provided,  that this agreement may be amended with the
consent of the  holders  of less than all  Registrable  Shares  only in a manner
which applies on its face to all such holders in substantially the same fashion.
Any such  amendment,  termination  or waiver  effected in  accordance  with this
Section 10.6 shall be binding on all parties hereto, even if they do not execute
such consent. No waivers of or exceptions to any term, condition or provision of
this  agreement,  in any  one or more  instances,  shall  be  deemed  to be,  or
construed  as, a further or  continuing  waiver of any such term,  condition  or
provision.

         10.7. PRONOUNS.  Whenever the context may require, any pronouns used in
this agreement  shall include the  corresponding  masculine,  feminine or neuter
forms, and the singular form of nouns and pronouns shall include the plural, and
vice versa.

         10.8 COUNTERPARTS;  FAXED SIGNATURES. This agreement may be executed in
any number of counterparts, each of which shall be deemed to be an original, and
all of which together shall constitute one and the same document. This agreement
may be executed by faxed signatures.

         10.9. SECTION HEADINGS. The section headings are for the convenience of
the  parties  and  in no  way  alter,  modify,  amend,  limit  or  restrict  the
contractual obligations of the parties.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -8-
<PAGE>

                                                   REGISTRATION RIGHTS AGREEMENT

                  Executed as of the date first written above.

                                          U.S. TELESIS HOLDINGS, INC.

                                          By:
                                             --------------------------------
                                             Name: Nicolas Rigopulos
                                             Title: President

<PAGE>

                                          [Registration Rights Agreement]

                                          AGREED AND ACCEPTED:

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

<PAGE>

                                                                       EXHIBIT A

                                   PURCHASERS

                  COMMON STOCK -- PRIOR TO REVERSE SPLIT

Greg J. Berlacher                                           432,000
1150 First Avenue                                           216,000 Series A
#600                                                        216,000 Series B
King of Prussia, PA 19406

Dan Gardner - IRA                                           132,000
(Bear Stearns Securities Corp.
  Cust. f/b/o Dianiel Gardner)                              66,000 Series A
534 Camp Woods Circle                                       66,000 Series B
Villa Nova, PA 19085

Dan Gardner                                                 475,200
534 Camp Woods Circle                                       237,600 Series A
Villa Nova, PA 19085                                        237,600 Series B

Richard Johnson                                             118,800
965 Pinehurst Drive                                         59,400 Series A
Chester Springs, PA 19425                                   59,400 Series B

Jay Seid                                                    475,200
c/o Emerging Growth Equities                                237,600 Series A
1150 First Avenue, Suite 600                                237,600 Series B
King of Prussia, PA 19406

Robert A. Berlacher-IRA                                     237,600
Bear Stearns SEC Corp. as IRA Cust.
  f/b/o Robert A. Berlacher                                 118,800 Series A
676 Church Road                                             118,800 Series B
Villa Nova, PA 19085

BallyShannon Partners, L.P.                                 1,045,400
325 Bryn Mawr Avenue                                        522,700 Series A
Bryn Mawr, PA 19010                                         522,700 Series B

BallyShannon Family Partnership                             475,200
325 Bryn Mawr Avenue                                        237,600 Series A
Bryn Mawr, PA 19010                                         237,600 Series B

Peter Stanley                                               477,000
660 Gatehouse Lane                                          238,500 Series A
Philadelphia, PA 19118                                      238,500 Series B

<PAGE>

Matison EuroInvest Ltd.                                     566,200
c/o Budin & Partners                                        283,100 Series A
20 Rue Senebier                                             283,100 Series B
PO Box 166
Channel 1211, Geneva, Switz

VFT Special Ventures, Ltd.                                  1,188,000
1150 First Avenue, Suite 600                                594,000 Series A
King of Prussia, PA 19406                                   594,000 Series B

Chardonnay Partners                                         118,800
676 Church Road                                             59,400 Series A
Villa Nova, PA 19085                                        59,400 Series B

Cabernet Partners                                           356,400
676 Church Road                                             178,200 Series A
Villa Nova, PA 19085                                        178,200 Series B

Paul Berlacher                                              118,800
Paul D. Berlacher Rev. Trust DTD 5/27/93                    59,400 Series A
7201 Forest Brook Drive                                     59,400 Series B
Sylvania, Ohio

Franz Berlacher                                             118,000
Heart Specialists of NW Ohio Profit
  Sharing/401K Plan fbo                                     59,400 Series A
Franz Berlacher                                             59,400 Series B
5549 Ginger Tree Lane
Toledo, OH 43623

Northwood Capital Partners, LP                              950,400
1150 First Avenue, Suite 600                                475,200 Series A
King of Prussia, PA 19406                                   475,200 Series B

Porter Partners LP                                          237,600
300 Drakes Landing Road                                     118,800 Series A
Suite 300                                                   118,800 Series B
Greenbrae, CA 94904

Christopher Cummings                                        1,080,000
475 Stonehaven Drive                                        540,000 Series A
Kettering, OH 45429                                         540,000 Series B

Agile Partners, L.P.                                        4,679,600
3500 Alameda De Las Pulgas                                  2,339,800 Series A
Suite 200                                                   2,339,800 Series B
Menlo Park , CA 94025

Sandor Capital Master Fund, LP                              3,600,000
2828 Routh Street, Suite 500                                1,800,000 Series A
Dallas, Texas, 75201                                        1,800,000 Series B

<PAGE>

John Lemak                                                  720,000
4410 Bordeaux Ave                                           360,000 Series A
Dallas, Texas 75205                                         360,000 Series B

London Family Trust                                         3,599,600
212 Aurora Drive                                            1,799,800 Series A
Montecito, CA 93108                                         1,799,800 Series B

Carlton Meyer                                               359,800
1106 Ednor Road                                             179,900 Series A
Silver Springs, MD 20905                                    179,900 Series B

George King                                                 1,079,800
5577 Vantage Point Road                                     539,900 Series A
Columbia, MD 21044                                          539,900 Series A

Brian Barton                                                1,079,800
19816 Meredith Drive                                        539,900 Series A
Derwood, MD 20855                                           539,900 Series B

Mark Nicosia                                                1,079,800
21809 Gaithers Meadow Lane                                  539,900 Series A
Brookville, MD 20833       `                                539,900 Series B

Burlingame Equity Investors (Offshore) Ltd.                 60,400
1 Sansome Street                                            30,200 Series A
Suite 2900                                                  30,200 Series B
San Francisco, CA 94104

Burlingame Equity Investors, LP                             305,600
1 Sansome Street                                            152,800 Series A
Suite 2900                                                  152,800 Series B
San Francisco, CA 94104

Attractor Capital Fund 1, LLC                               2,519,600
1637 Oakwood Drive                                          1,259,800 Series A
Unit S222                                                   1,259,800 Series B
Norberth, PA 19072

Raleigh Ralls                                               1,799,800
744 Spruce Street                                           899,900 Series A
Boulder, CO 80302                                           899,900 Series B

Katherine O'Leary                                           539,800
2819 Fourth Street                                          269,900 Series A
Boulder, CO 80304                                           269,900 Series B

<PAGE>

Richard O'Leary                                             539,800
2819 Fourth Street                                          269,900 Series A
Boulder, CO 80304                                           269,900 Series B

Alon Kutai                                                  720,000
5423 Foxhound Way                                           360,000 Series A
San Diego, CA 92130                                         360,000 Series B

Bryan Smyth                                                 180,000
4417 Tivoli Street                                          90,000 Series A
San Diego, CA 92107                                         90,000 Series A

John & Cindy Boyle                                          216,000
375 Fairview Farms Road                                     108,000 Series A
Campo Bello, SC 29322                                       108,000 Series B

Michael Pruitt                                              180,000
11502 Stonebrier Drive                                      90,000 Series A
Charlotte, NC 28277                                         90,000 Series B

Craig Samuels                                               360,000
13990 Rancho Dorado                                         180,000 Series A
San Diego, CA 92130                                         180,000 Series B

Schreiber Living Trust                                      179,800
[address]                                                   89,900 Series A
                                                            89,900 Series B

John Sutton                                                 1,732,500
1801 Warner Ranch Drive, #1718
Round Rock, Texas 78664

Steven A. Moore                                             111,900
2250 Big Pine Road
Escondido, CA

Campbell Family Trust                                       223,900
4360 E. Burchell Drive
Hayden Lake, ID 83835

Aldridge Industries, Inc.                                   441,000
525 Round Rock West #275
Round Rock, Texas 78681

SERIES A PREFERRED STOCK

Ira J. Tabankin                                             279,042.625
1165 Via Vera Cruz
San Marco, CA 92069

<PAGE>

Charles Sander                                              279,042.625
[address]

Robert Prag                                                 66,317.75
2455 El Amigo Road
Del Mar, CA 92014

Kai Hansen                                                  54,687.5
P.O. Box  12610
San Diego, CA 92112

Hayden   Communications, Inc.                               54,687.5
1401 Hewens Drive
North Myrtle Beach, SC 29582

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