Document:

EXHIBIT 10.2

Replacement  Class  A  Common  Stock  Purchase  Warrant  No.  1

THIS  WARRANT  AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
NOT  BEEN  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT
AND  THE  COMMON  SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
OFFERED  FOR  SALE,  PLEDGED  OR  HYPOTHECATED  IN  THE  ABSENCE OF AN EFFECTIVE
REGISTRATION  STATEMENT  UNDER  SAID  ACT  OR  AN  OPINION OF COUNSEL REASONABLY
SATISFACTORY  TO AVENTURA HOLDINGS, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

     Right  to  Purchase  2,351,339,181  shares  of  Common  Stock  of  Aventura
Holdings,  Inc.  (subject  to  adjustment  as  provided  herein)

             REPLACEMENT CLASS A COMMON STOCK PURCHASE WARRANT NO. 1
No.  2006-002                                       Issue  Date: October 1, 2006

     WHEREAS,  on  May  16, 2006, Aventura Holdings, Inc., a Florida corporation
(the  "Company"),  issued  a  certain Class A Common Stock Purchase Warrant (the
"Original  Warrant")  to  Horvath  Holdings,  LLC,  a Michigan limited liability
company  (the  "Holder"),  pursuant  to  which the Holder was granted the right,
subject  to  the  terms set forth in the Original Warrant, to purchase a certain
number  of  shares  of  Common  Stock  of  the  Company,  and

WHEREAS,  the  Original Warrant is exercisable in part by the Holder by delivery
of  the  following to the Company:  (a) written notice of such partial exercise,
(b)  the  Original  Warrant,  (c) a completed Form of Subscription (as described
below)  and  (d) complete payment of the Purchase Price (as described below) for
the  shares of Common Stock of the Company to be acquired by the Holder pursuant
to  such  partial  exercise,  and

     WHEREAS,  the  Holder  has  delivered to the Company all documents that are
necessary  to  consummate  a  partial  exercise  of  the Original Warrant for an
additional  two  hundred  million  (200,000,000)  shares  of Common Stock of the
Company,  in  exchange  for  an assignment to the Company of three hundred (300)
shares  of  common  stock  in  Ohio  Funding Group, Inc., a Michigan corporation
("Ohio  Funding"),  and

     WHEREAS,  pursuant  to the Section 1.3 of the Original Warrant, the Company
is  obligated,  upon such partial exercise by the Holder, to issue a replacement
warrant  of  like  tenor  (this  "Replacement  Warrant")  covering the remaining
balance  of  shares  of  Common  Stock issuable to the Holder under the Original
Warrant,

     THEREFORE,  the  undersigned  parties  agree  as  follows:

The  Company hereby certifies that, for value received, the Holder, is entitled,
subject  to  the terms set forth below, to purchase from the Company at any time
and from time to time after the Issue Date set forth above ("Issue Date"), until
5:00  p.m.,  E.S.T on May 16, 2007 (the "Expiration Date"), the greater of:  (a)
                                                                -----------
2,351,339,181  shares of fully paid and nonassessable shares of the Common Stock
of  the  Company, or (b) that number of shares of Common Stock of the Company as
shall  be  required for the Holder to obtain, when combined with other shares of
Common  Stock  of  the  Company  then  cumulatively held by the Holder, at least
fifty-one  (51%)  of  the  total  fully-diluted (after giving effect to the full
exercise of all outstanding options, warrants and convertible securities) shares
of  Common  Stock  outstanding  of  the

<PAGE>

Company  on  the  date this Replacement Warrant is fully exercised by Holder (in
either  case,  the  "Number  of  Shares Offered"), at a per share purchase price
equal  to  "Fair  Market  Value,"  (as  defined  in  Section  1.4  below).  The
aforedescribed purchase price per share, as adjusted from time to time as herein
provided,  is  referred  to  herein  as  the  "Purchase  Price."  The number and
character  of  such shares of Common Stock and the Purchase Price are subject to
adjustment as provided herein.  Capitalized terms used and not otherwise defined
herein  shall  have  the  meanings set forth in that certain Securities Purchase
Agreement  dated  as  of  May  16,  2006, entered into by and among the Company,
Melissa  Apple,  as  Trustee for the Maria Lopez Irrevocable Trust UTD March 29,
2004,  Ohio Funding Group, Inc., a Michigan corporation ("Ohio Funding") and the
Holder,  or,  as applicable, in that certain Securities Purchase Agreement dated
as  of  October 1, 2006, entered into by and among the Company, Ohio Funding and
the  Holder  (as  applicable,  the  "Securities  Purchase  Agreement").

     As  used herein the following terms, unless the context otherwise requires,
have  the  following  respective  meanings:

(a)     The  term  "Company"  shall  include  Aventura  Holdings,  Inc.  and any
corporation  or  legal  entity  which,  with the Holder's prior written consent,
shall  succeed  to  and  assume  the  obligations  of  Aventura  Holdings,  Inc.
hereunder.

(b)     The  term "Common Stock" includes (a) the Company's Common Stock, $.0001
par  value  per  share,  as  authorized  on  the  Issue  Date, and (b) any Other
Securities  into  which  or  for  which  any of the securities described in this
Replacement  Warrant  (a)  may  be  converted or exchanged pursuant to a plan of
recapitalization,  reorganization,  merger,  sale  of  assets  or  otherwise.

(c)     The  term  "Other  Securities"  refers  to  any stock (other than Common
Stock)  and  other  securities  of the Company or any other person (corporate or
otherwise)  which  the  holder  of this Replacement Warrant at any time shall be
entitled to receive, or shall have received, on the exercise of this Replacement
Warrant,  in  lieu of or in addition to Common Stock, or which at any time shall
be  issuable  or  shall  have  been  issued in exchange for or in replacement of
Common  Stock  or  Other  Securities  pursuant  to  Section  5  or  otherwise.

1.     Exercise  of  Warrant.
       ---------------------

     1.1.     Number of Shares Issuable upon Exercise.  From and after the Issue
              ---------------------------------------
Date  through  and including the Expiration Date ("Exercise Period"), the Holder
hereof  shall  be entitled to receive, upon exercise of this Replacement Warrant
pursuant to notice given by the Holder prior to the Expiration Date, in whole in
accordance with the terms of subsection 1.2 or upon exercise of this Replacement
Warrant  in  part  in  accordance  with  subsection 1.3, the number of shares of
Common Stock of the Company up to the Number of Shares Offered identified in the
notice  of  exercise  by the Holder, subject to increase pursuant to Section 3.5
and  subject  to  adjustment  pursuant  to  further  Section  4.

1.2.     Full  Exercise.  This Replacement Warrant may be exercised in full upon
         --------------
written  notice  by  the  Holder  to  the  Company  hereof and by delivery of an
original  or  facsimile  copy  of the form of subscription attached as Exhibit A
hereto  (the  "Subscription Form") duly executed by such Holder and surrender of
the  Original Warrant within thirty (30) days of exercise, to the Company at its
principal  office  or  at  the  office  of  its  Warrant  Agent  (as  provided
hereinafter),  accompanied  by payment in the amount obtained by multiplying the
number  of  shares  of  Common  Stock for which this Replacement Warrant is then
exercisable  by  the  Purchase  Price  then  in  effect.

1.3.     Partial  Exercise.  This  Replacement  Warrant may be exercised in part
         -----------------
(but  not  for  a  fractional  share)  upon  written notice by the Holder to the
Company  and  by  surrender  of  this

<PAGE>

Replacement  Warrant  in  the manner and at the place provided in subsection 1.2
except  that  the amount payable by the Holder on such partial exercise shall be
the  amount  obtained  by  multiplying  (a) the number of whole shares of Common
Stock  designated  by  the  Holder  in the Subscription Form by (b) the Purchase
Price  then  in  effect.  On  any  such  partial  exercise,  the Company, at its
expense,  will  forthwith  issue  and deliver to or upon the order of the Holder
hereof  a new warrant of like tenor, in the name of the Holder hereof or as such
Holder  (upon  payment  by  such  Holder  of  any applicable transfer taxes) may
request,  the  whole number of shares of Common Stock for which such warrant may
still  be  exercised.  For the purposes of the Securities Purchase Agreement and
any  ancillary  documentation,  including,  but not limited to, the Registration
Rights  Agreement  (described  below in Section 9 hereof), any references to the
Original  Warrant  shall  include  this  Replacement  Warrant and any subsequent
replacement  warrants  issued  in  connection  herewith.

1.4.     Fair  Market  Value. Fair Market Value of a share of Common Stock shall
         -------------------
mean  that price being the average of the closing bid and ask prices on February
15, 2006 (the date on which the parties established the terms of the transaction
of  which delivery of the Original Warrant was a component) agreed to be $.0005.

1.5.     Company  Acknowledgment.  The Company will, at the time of the exercise
         -----------------------
of  this  Replacement Warrant, upon the request of the Holder hereof acknowledge
in  writing  its  continuing  obligation  to afford to such Holder any rights to
which  such  Holder  shall  continue  to  be  entitled  after  such  exercise in
accordance  with  the  provisions of this Replacement Warrant and the Securities
Purchase  Agreement.  If  the  Holder  shall fail to make any such request, such
failure  shall  not affect the continuing obligation of the Company to afford to
such  Holder  any  such  rights.

1.6.     Trustee  for Warrant Holders. In the event that a bank or trust company
         ----------------------------
shall  have been appointed as trustee for the Holder of this Replacement Warrant
pursuant to Subsection 3.2, such bank or trust company shall have all the powers
and  duties  of  a warrant agent (as hereinafter described) and shall accept, in
its  own  name for the account of the Company or such successor person as may be
entitled  thereto,  all  amounts  otherwise  payable  to  the  Company  or  such
successor,  as the case may be, on exercise of this Replacement Warrant pursuant
to  this  Section  1.6.

     1.7     Delivery  of  Stock  Certificates,  etc.  on  Exercise. The Company
             ------------------------------------------------------
agrees  that  the  shares  of  Common  Stock  purchased  upon  exercise  of this
Replacement  Warrant  shall  be  deemed to be issued to the Holder hereof as the
record  owner  of  such  shares as of the close of business on the date on which
this  Replacement  Warrant shall have been surrendered and payment made for such
shares  as  aforesaid.  As  soon  as  practicable  after  the  exercise  of this
Replacement  Warrant  in  full  or  in  part,  and in any event within three (3)
business  days  thereafter, the Company at its expense (including the payment by
it  of  any  applicable  issue taxes) will cause to be issued in the name of and
delivered  to  the Holder hereof, or as such Holder (upon payment by such Holder
of  any  applicable  transfer  taxes)  may  direct in compliance with applicable
securities  laws,  a  certificate  or  certificates  for  the number of duly and
validly  issued,  fully  paid and nonassessable shares of Common Stock (or Other
Securities)  to  which  such Holder shall be entitled on such exercise, plus, in
lieu  of  any fractional share to which such Holder would otherwise be entitled,
cash equal to such fraction multiplied by the then Fair Market Value of one full
share  of  Common  Stock,  together with any other stock or other securities and
property  (including  cash,  where  applicable) to which such Holder is entitled
upon  such  exercise  pursuant  to  Section  1  or  otherwise.

     1.8     Termination  upon  Holders'  Majority Position.  The rights granted
             ----------------------------------------------
hereunder  are  based  upon a negotiated right of the Holder to acquire, through
the purchase of Common Stock, a majority of the Common Stock of the Company. The
calculations  and  Number  of  Shares  Offered  are  predicated  upon the Holder
acquiring  such  majority.  In  the event, at any time, through exercise of this
Replacement  Warrant  or otherwise, including but not limited to the acquisition
of  Common  Stock  from any other source or the cancellation of shares of Common
Stock held by any parties other than the Holder, the Holder shall hold, in their
name,  in  the name of affiliates or in the name of any successor or assignee of
any  of  the  Holder, a majority of the shares of Common Stock then outstanding,
this  Replacement Warrant shall immediately terminate and be of no further force
or  effect  and,  by  notice  from  the  Company to the Holder then known to the
Company,  shall  be declared null and void. No additional consideration shall be
paid  upon  the  cancellation  or  termination  of  this  Replacement  Warrant.

<PAGE>

     1.9     Effect  on  Original  Warrant.  The  parties  acknowledge  that the
             -----------------------------
Original  Warrant  is  hereby  superseded in all significant respects, provided,
however,  that Sections 10 and 11 of the Original Warrant (pertaining to certain
agreements  with the Maria Lopez Irrevocable Trust UTD March 29, 2004), shall be
unaffected  by  this  partial exercise and the surrender of the Original Warrant
and  shall  instead  remain  in  full  force  and  effect.

2.     Cashless Exercise.  This Replacement Warrant may be exercised in whole or
       -----------------
in part for non-cash consideration as mutually agreed upon by the Holder and the
Company.

3.     Adjustment  for  Reorganization,  Consolidation,  Merger,  etc.
       ---------------------------------------------------------------

3.1.     Reorganization,  Consolidation,  Merger,  etc.  In  case at any time or
         ---------------------------------------------
from  time  to  time,  the  Company  shall  (a)  effect  a  reorganization,  (b)
consolidate  with  or  merge  into  any  other  person  or  (c)  transfer all or
substantially all of its properties or assets to any other person under any plan
or  arrangement contemplating the dissolution of the Company, then, in each such
case,  as  a  condition  to  the  consummation of such a transaction, proper and
adequate  provision  shall  be  made  by  the Company whereby the Holder of this
Replacement  Warrant,  on  the  exercise hereof as provided in Section 1, at any
time  after  the consummation of such reorganization, consolidation or merger or
the  effective  date  of such dissolution, as the case may be, shall receive, in
lieu  of  the Common Stock (or Other Securities) issuable on such exercise prior
to  such consummation or such effective date, the stock and other securities and
property  (including  cash)  to  which such Holder would have been entitled upon
such consummation or in connection with such dissolution, as the case may be, if
such  Holder  had  so  exercised  this  Replacement  Warrant,  immediately prior
thereto,  all subject to further adjustment thereafter as provided in Section 4.

3.2.     Dissolution.  In  the event of any dissolution of the Company following
         -----------
the  transfer  of  all  or  substantially  all  of its properties or assets, the
Company,  prior to such dissolution, shall at its expense deliver or cause to be
delivered  the  stock  and  other securities and property (including cash, where
applicable)  receivable  by  the  Holder  of  this Replacement Warrant after the
effective date of such dissolution pursuant to this Section 3 to a bank or trust
company  (a  "Trustee")  having its principal office in Dade County, Florida, as
trustee  for  the  Holder  of  this  Replacement  Warrant.

3.3.     Continuation  of Terms.  Upon any reorganization, consolidation, merger
         ----------------------
or  transfer  (and  any  dissolution following any transfer) referred to in this
Section  3, this Replacement Warrant shall continue in full force and effect and
the  terms  hereof  shall  be  applicable  to  the Other Securities and property
receivable on the exercise of this Replacement Warrant after the consummation of
such  reorganization,  consolidation  or  merger  or  the  effective  date  of
dissolution  following  any  such  transfer,  as  the  case may be, and shall be
binding  upon  the issuer of any Other Securities, including, in the case of any
such  transfer,  the person acquiring all or substantially all of the properties
or  assets  of  the  Company,  whether  or  not such person shall have expressly
assumed  the terms of this Replacement Warrant as provided in Section 4.  In the
event  this Replacement Warrant does not continue in full force and effect after
the  consummation  of  the transaction described in this Section 3, then only in
such  event  will  the  Company's securities and property (including cash, where
applicable) receivable by the Holder of this Replacement Warrant be delivered to
the  Trustee  as  contemplated  by  Section  3.2.

<PAGE>

3.4     Share  Issuance.  Until  the Expiration Date, if the Company shall issue
        ---------------
any  Common  Stock  except  for  the  permitted  Issuances  (as  defined  in the
Securities  Purchase  Agreement),  prior  to  the  complete  exercise  of  this
Replacement  Warrant for a consideration less than the Purchase Price that would
be  in  effect at the time of such issue, then, and thereafter successively upon
each such issue, the Purchase Price shall be reduced on a "full ratchet", dollar
for  dollar  basis  to  such  other  lower  issue  price.  For  purposes of this
adjustment,  the  issuance  of  any  security  or debt instrument of the Company
carrying the right to convert such security or debt instrument into Common Stock
or  of  any warrant, right or option to purchase Common Stock shall result in an
adjustment  to  the  Purchase  Price  upon  the  issuance of the above-described
security,  debt instrument, warrant, right, or option and again at any time upon
any  subsequent  issuances  of  shares  of  Common  Stock  upon exercise of such
conversion  or  purchase  rights  if  such issuance is at a price lower than the
Purchase  Price  in  effect  upon  such issuance.  The reduction of the Purchase
Price  described  in  this Section 3.4 is in addition to the other rights of the
Holder  described  herein  and  the  Securities  Purchase  Agreement.

3.5     Right  of  First Refusal.  In the event that the Company desires to sell
        ------------------------
any  of  its  Common  Stock  for any consideration to any parties other than the
Holder  (collectively, "Third Party Offerees"), the Company shall first give the
Holder  written notice of such sale at least fifteen (15) days prior to the date
for  delivery for such shares of Common Stock being offered and the Holder shall
have the right to purchase such shares of Common Stock then offered at the lower
of  the  Purchase Price or the price offered to such Third Party Offerees, which
purchase  shall  be  in  the same manner, as to payment and other terms, as were
offered to such Third Party Offerees.  Any such purchase by the Holder shall not
be  considered  an  exercise of this Replacement Warrant in whole or in part and
shall  be  considered  a  separate  right  granted  by the Company to the Holder
hereunder  in  effect  during the Exercise Period.  In the event that the Holder
does  not  exercise  the  right of first refusal specified herein, the Number of
Shares  Offered  shall be automatically increased, without payment of additional
consideration  by  the  Holder, by the number of shares sold to such Third Party
Offerees.

4.     Extraordinary  Events  Regarding  Common  Stock.  In  the  event that the
       -----------------------------------------------
Company  shall  (a) issue additional shares of the Common Stock as a dividend or
other  distribution  on  outstanding Common Stock, (b) subdivide its outstanding
shares  of  Common  Stock,  or  (c) combine its outstanding shares of the Common
Stock  into  a  smaller number of shares of the Common Stock, then, in each such
event,  the  Purchase  Price  shall,  simultaneously  with the happening of such
event,  be  adjusted  by  multiplying the then Purchase Price by a fraction, the
numerator  of  which  shall  be the number of shares of Common Stock outstanding
immediately prior to such event and the denominator of which shall be the number
of  shares  of  Common  Stock  outstanding immediately after such event, and the
product  so  obtained shall thereafter be the Purchase Price then in effect. The
Purchase  Price, as so adjusted, shall be readjusted in the same manner upon the
happening  of any successive event or events described herein in this Section 4.
The number of shares of Common Stock that the Holder of this Replacement Warrant
shall  thereafter,  on the exercise hereof as provided in Section 1, be entitled
to receive shall be adjusted to a number determined by multiplying the number of
shares  of  Common  Stock  that  would otherwise (but for the provisions of this
Section 4) be issuable on such exercise by a fraction of which (a) the numerator
is  the  Purchase  Price  that  would  otherwise (but for the provisions of this
Section 4) be in effect, and (b) the denominator is the Purchase Price in effect
on  the  date  of  such  exercise.

5.     Certificate  as  to  Adjustments.  In  each  case  of  any  adjustment or
       --------------------------------
readjustment in the shares of Common Stock (or Other Securities) issuable on the
exercise  of  this Replacement Warrant, the Company at its expense will promptly
cause  its Chief Financial Officer or other appropriate designee to compute such
adjustment  or  readjustment  in  accordance  with the terms of this Replacement
Warrant  and prepare a certificate setting forth such adjustment or readjustment
and  showing  in  detail the facts upon which such adjustment or readjustment is
based,  including a statement of (a) the consideration received or receivable by
the  Company  for  any  additional  shares of Common Stock (or Other Securities)
issued  or  sold or deemed to have been issued or sold, (b) the number of shares
of  Common  Stock (or Other Securities) outstanding or deemed to be outstanding,
and  (c)  the  Purchase  Price  and  the  number of shares of Common Stock to be
received  upon exercise of this Replacement Warrant, in effect immediately prior
to  such adjustment or readjustment and as adjusted or readjusted as provided in
this  Replacement  Warrant.  The Company will forthwith mail a copy of each such
certificate  to  the Holder of this Replacement Warrant and any Warrant Agent of
the  Company  (appointed  pursuant  to  Section  11  hereof).

<PAGE>

6.     Reservation  of  Stock, etc. Issuable on Exercise of Replacement Warrant;
       -------------------------------------------------------------------------
Financial  Statements.   The  Company  will  at  all  times  reserve  and  keep
 --------------------
available,  solely for issuance and delivery on the exercise of this Replacement
Warrant,  all  shares  of  Common  Stock (or Other Securities) from time to time
issuable  upon  the  exercise  of  this  Replacement  Warrant.  This Replacement
Warrant  entitles the Holder hereof to receive copies of all financial and other
information distributed or required to be distributed to the shareholders of the
Company.

7.     Assignment;  Exchange of Replacement Warrant.  Subject to compliance with
       --------------------------------------------
applicable  securities  laws, this Replacement Warrant, and the rights evidenced
hereby,  may be transferred by any registered holder hereof (a "Transferor"). On
the  surrender  for  exchange of this Replacement Warrant, with the Transferor's
endorsement  in  the  form  of  Exhibit  B  attached  hereto  (the  "Transferor
Endorsement  Form")  and  together  with  an  opinion  of  counsel  reasonably
satisfactory  to  the Company that the transfer of this Replacement Warrant will
be  in  compliance  with applicable securities laws, the Company at its expense,
twice,  only,  but  with  payment  by  the Transferor of any applicable transfer
taxes, will issue and deliver to or on the order of the Transferor thereof a new
warrant  or  warrants  of  like  tenor, in the name of the Transferor and/or the
transferee(s)  specified  in  such  Transferor  Endorsement  Form  (each  a
"Transferee"),  calling  in  the  aggregate on the face or faces thereof for the
number  of  shares  of  Common  Stock  called  for  on the face or faces of this
Replacement  Warrant  so surrendered by the Transferor.  No such transfers shall
result  in  a  public  distribution  of  this  Replacement  Warrant.

8.     Replacement  of  Warrant.  On receipt of evidence reasonably satisfactory
       ------------------------
to the Company of the loss, theft, destruction or mutilation of this Replacement
Warrant  and,  in  the  case  of  any  such  loss,  theft or destruction of this
Replacement  Warrant,  on  delivery  of  an  indemnity  agreement  or  security
reasonably satisfactory in form and amount to the Company or, in the case of any
such  mutilation, on surrender and cancellation of this Replacement Warrant, the
Company at its expense, twice only, will execute and deliver, in lieu thereof, a
new  warrant  of  like  tenor.

9.     Registration  Rights.  As  further inducement to the Holder to accept the
       --------------------
Original Warrant, the Holder has been granted certain registration rights by the
Company  with respect to all shares of Common Stock to be acquired by the Holder
pursuant  to  the  exercise  of  the  Original  Warrant  and  the  transactions
contemplated  by  the  Securities Purchase Agreement.  These registration rights
are set forth in the Registration Rights Agreement executed as of even date with
the  Original  Warrant.  The  terms  of  the  Registration  Rights Agreement are
incorporated  herein  by  this reference and shall apply to any shares of Common
Stock  issued pursuant to the Original Warrant, this Replacement Warrant and any
subsequent  replacement  warrant  issued  in  connection  herewith.

10.     Board  Seat  Designation Rights.  On the Issue Date, the Holder shall be
        -------------------------------
granted  one  (1)  additional  Board  seat designation right with respect to the
Board  of  Directors  of the Company.  In conjunction with each exercise of this
Replacement  Warrant  following  the Issue Date, the Holder shall be granted one
(1)  additional  Board  seat designation right up to a maximum of four (4) Board
seat  designations  upon  tender,  in  exercise of the Replacement Warrant, of a
controlling  equity  position  in  a  legal entity controlled by the Holder.  As
permitted  by  applicable  law,  each  Board  seat  designation  right
will  also include the right to nominate "disinterested directors".  The Company
also  agrees  that,  at  no  time prior to the expiration of the Exercise Period
shall  the  total  number  of  directors  of  Aventura  exceed  seven  (7).

<PAGE>

11.     Warrant Agent.  The Company may, by written notice to the Holder of this
        -------------
Replacement  Warrant,  appoint  an  agent (a "Warrant Agent") for the purpose of
issuing  Common  Stock (or Other Securities) on the exercise of this Replacement
Warrant  pursuant  to Section 1, exchanging this Replacement Warrant pursuant to
Section  7, and replacing this Replacement Warrant pursuant to Section 8, or any
of  the foregoing, and thereafter any such issuance, exchange or replacement, as
the  case  may  be,  shall  be  made  at  such  office  by  such  Warrant Agent.

12.     Transfer  on  the  Company's  Books.  Until  this Replacement Warrant is
        -----------------------------------
transferred  on  the  books of the Company, the Company may treat the registered
Holder hereof as the absolute owner hereof for all purposes, notwithstanding any
notice  to  the  contrary.

13.     Notices.   All  notices,  demands,  requests,  consents,  approvals, and
        -------
other  communications  required  or permitted hereunder shall be in writing and,
unless  otherwise  specified  herein,  shall  be  (i)  personally  served,  (ii)
deposited  in  the  mail,  registered  or  certified,  return receipt requested,
postage  prepaid,  (iii) delivered by reputable air courier service with charges
prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed
as  set  forth below or to such other address as such party shall have specified
most  recently by written notice.  Any notice or other communication required or
permitted to be given hereunder shall be deemed effective (a) upon hand delivery
or  delivery  by  facsimile,  with  accurate  confirmation  generated  by  the
transmitting  facsimile  machine,  at the address or number designated below (if
delivered on a business day during normal business hours where such notice is to
be  received),  or  the first business day following such delivery (if delivered
other  than  on a business day during normal business hours where such notice is
to  be received) or (b) on the second business day following the date of mailing
by  express  courier  service, fully prepaid, addressed to such address, or upon
actual  receipt of such mailing, whichever shall first occur.  The addresses for
such communications shall be: (i) if to the Company to: Aventura Holdings, Inc.,
2650  Biscayne  Boulevard, First Floor, Miami, Florida 33137, and (ii) if to the
Holder,  to  the address and telecopier number listed on the Schedule A attached
to  this  Replacement  Warrant.

14.     Specific  Performance.  The  Company  acknowledges  and  agrees that the
        ---------------------
Holder  will  be  irreparably harmed and there will be no adequate remedy at law
for a breach of this Replacement Warrant by the Company.  Therefore, the Company
agrees  that,  in  addition  to any other remedies which may be available to the
Holder  following  such  breach,  the Holder shall have the right to enforce the
covenants  and  agreements  contained  in  this  Replacement Warrant by specific
performance, injunctive relief or by any means available to the Holder at law or
in  equity.

15.     Miscellaneous.  This  Replacement  Warrant  and  any  term hereof may be
        -------------
changed,  waived,  discharged  or  terminated  only  by an instrument in writing
signed  by the party against which enforcement of such change, waiver, discharge
or  termination  is  sought.  This  Replacement  Warrant  shall be construed and
enforced  in  accordance  with and governed by the laws of Florida.  Any dispute
relating  to this Replacement Warrant shall be adjudicated in Dade County in the
State  of Florida.  The headings in this Replacement Warrant are for purposes of
reference only, and shall not limit or otherwise affect any of the terms hereof.
The  invalidity  or  unenforceability  of  any  provision hereof shall in no way
affect  the  validity  or  enforceability  of  any  other  provision.

IN  WITNESS WHEREOF, the Company has executed this Replacement Warrant as of the
date  first  written  above.

                            AVENTURA HOLDINGS, INC.

     By: /s/  Craig  A.  Waltzer
         -----------------------
         Craig  A.  Waltzer

     Its:  President

<PAGE>

                                    EXHIBIT A

                              FORM OF SUBSCRIPTION
             (to be signed only on exercise of Replacement Warrant)
TO:  Aventura  Holdings,  Inc.
The  undersigned  Holder,  pursuant  to the provisions set forth in the attached
Replacement  Warrant  (No.  2006-002),  hereby  irrevocably  elects  to purchase
________  shares  of  the  Common  Stock  covered  by  such Replacement Warrant.

The  undersigned herewith makes payment of the Purchase Price for such shares as
provided for in such Replacement Warrant in an aggregate amount and agreed value
of  $________________.  Such  payment  shall  be  made  pursuant to a Securities
Purchase  Agreement  (or  similar  business  acquisition agreement) executed and
delivered  by  the  Holder  and  the  Company  on the date of settlement of this
subscription.

The  undersigned Holder requests that the certificates for such shares be issued
in  the  name  of,  and  delivered  to
_____________________________________________________  whose  address  is
_____________________________________________________

The  undersigned  represents  and  warrants  that  all  offers  and sales by the
undersigned  of  the securities issuable upon exercise of the within Replacement
Warrant  shall  be  made  pursuant to registration of the Common Stock under the
Securities  Act  of  1933,  as amended (the "Securities Act"), or pursuant to an
exemption  from  registration  under  the  Securities  Act.

     (Signature  must conform to name of Holder as specified on the face of this
Replacement  Warrant)

Dated:___________________     (Address)

<PAGE>

                                    EXHIBIT B

                         FORM OF TRANSFEROR ENDORSEMENT
             (To be signed only on transfer of Replacement Warrant)
     For  value  received,  the  undersigned  Holder  hereby sells, assigns, and
transfers  unto  the  person(s)  named below under the heading "Transferees" the
rights  represented by the within Replacement Warrant to purchase the percentage
and  number  of  shares  of Common Stock of Aventura Holdings, Inc. to which the
within  Replacement  Warrant  relates  specified  under the headings "Percentage
Transferred"  and/or "Number Transferred," respectively, opposite the name(s) of
such  person(s)  and  appoints  _______________ attorney-in-fact to transfer its
respective  right  on  the  books  of Aventura Holdings, Inc. with full power of
substitution  in  the  premises.

Transferees     Percentage  Transferred     Number  Transferred
-----------     -----------------------     -------------------

Dated:  ______________,  ___________

Signed  in  the  presence  of:

     (Signature  must conform to name of Holder as specified on the face of this
Replacement  Warrant)

(Name)

ACCEPTED  AND  AGREED:
[TRANSFEREE]

(address)

(Name)
(address)Exchange

    CONSULTING
      SERVICES AGREEMENT

    

    This
      Consulting Services Agreement (“Agreement”), dated August 24, 2006, is made by
      and between Donald B. Schwall, Jr. (“Consultant”), and Secured Diversified
      Investment, a Nevada corporation (“Client”).

    

    WHEREAS,
      Consultant has extensive background in the area of consulting;

    

    WHEREAS,
      Consultant desires to be engaged by Client to provide consulting services to
      Client on the terms and subject to the conditions set forth herein (the
“Services”);

    

    WHEREAS,
      Client is a publicly held corporation with its common stock trading on the
      Over
      the Counter Bulletin Board under the ticker symbol “SDVF,” and desires to
      further develop its business and customers; and

    

    WHEREAS,
      Client desires to engage Consultant to provide the Services in its area of
      knowledge and expertise on the terms and subject to the conditions set forth
      herein.

    

    NOW,
      THEREFORE, in consideration for those services Consultant provides to Client,
      the parties agree as follows:

    

    1. Services
      of Consultant.

    

    Consultant
      agrees to perform for Client the Services. As such Consultant will provide
      bona
      fide services to Client. The services to be provided by Consultant will not
      be
      in connection with the offer or sale of securities in a capital-raising
      transaction, and will not directly or indirectly promote or maintain a market
      for Client’s securities. Consultant will perform services including, but not
      exclusive to, developing online promotional concepts, events and materials
      to
      increase website awareness, number of hits, service membership and
      eCommerce product sales; and consulting services relating to endorsements,
      co-operative promotions and other forms of strategic alliances with a broad
      cross-section of industry and commerce.

    

    2. Consideration.

    

    Consultant
      shall submit formal invoices to Client from time to time upon completion of
      specific consulting and/or other service projects as defined herein and provided
      with prior approval by Client, and where cash payment shall be made on fair
      market value of services performed. If payment is wholly or partially made
      by issue of Client registered, free trading shares of common stock of the
      company, than such stock issue shall also be based on the fair market value
      of
      services performed, and the average bid price for the five days preceding
      receipt of invoice by the company from consultant. For the purpose of this
      agreement, and under the terms and conditions of this agreement, the
      payment made by Client during the term shall include 400,000 shares of SDVF
      common stock issued under the client’s stock compensation plan
      (S-8).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. Confidentiality.

    

    Each
      party agrees that during the course of this Agreement, information that is
      confidential or of a proprietary nature may not be disclosed to any other party,
      including, but not limited to, product and business plans, software, technical
      processes and formulas, source codes, product designs, sales, costs and other
      unpublished financial information, advertising revenues, usage rates,
      advertising relationships, projections, and marketing data (“Confidential
      Information”). Confidential Information shall not include information that the
      receiving party can demonstrate (a) is, as of the time of its disclosure, or
      thereafter becomes part of the public domain through a source other than the
      receiving party, (b) was known to the receiving party as of the time of its
      disclosure, (c) is independently developed by the receiving party, or (d) is
      subsequently learned from a third party not under a confidentiality obligation
      to the providing party.

    

    4. Late
      Payment.

    

    Client
      shall pay to Consultant all fees within fifteen (15) days of the due date.
      Failure of Client to finally pay any fees within fifteen (15) days after the
      applicable due date shall be deemed a material breach of this Agreement,
      justifying suspension of the performance of the Services provided by Consultant,
      will be sufficient cause for immediate termination of this Agreement by
      Consultant. Any such suspension will in no way relieve Client from payment
      of
      fees, and, in the event of collection enforcement, Client shall be liable for
      any costs associated with such collection, including, but not limited to, legal
      costs, attorneys’ fees, courts costs, and collection agency fees.

    

    5. Indemnification.

    

    (a) Client.

    

    Client
      agrees to indemnify, defend, and shall hold harmless Consultant and/or his
      agents, and to defend any action brought against said parties with respect
      to
      any claim, demand, cause of action, debt or liability, including reasonable
      attorneys' fees to the extent that such action arises out of the negligence
      or
      willful misconduct of Client.

    

    (b) Consultant.

    

    Consultant
      agrees to indemnify, defend, and shall hold harmless Client, its directors,
      employees and agents, and defend any action brought against same with respect
      to
      any claim, demand, cause of action, debt or liability, including reasonable
      attorneys' fees, to the extent that such an action arises out of the gross
      negligence or willful misconduct of Consultant.

    

    (c) Notice.

    

    In
      claiming any indemnification hereunder, the indemnified party shall promptly
      provide the indemnifying party with written notice of any claim, which the
      indemnified party believes falls within the scope of the foregoing paragraphs.
      The indemnified party may, at its expense, 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    assist
      in
      the defense if it so chooses, provided that the indemnifying party shall control
      such defense, and all negotiations relative to the settlement of any such claim.
      Any settlement intended to bind the indemnified party shall not be final without
      the indemnified party's written consent, which shall not be unreasonably
      withheld.

    

    6. Termination
      and Renewal.

    

    (a) Term.

    

    This
      Agreement shall become effective on the date appearing next to the signatures
      below and terminate twelve (12) months thereafter. Unless otherwise agreed
      upon
      in writing by Consultant and Client, this Agreement shall not automatically
      be
      renewed beyond its Term.

    

    (b) Termination.

    

    Either
      party may terminate this Agreement on thirty (30) calendar days written notice,
      or if prior to such action, the other party materially breaches any of its
      representations, warranties or obligations under this Agreement. Except as
      may
      be otherwise provided in this Agreement, such breach by either party will result
      in the other party being responsible to reimburse the non-defaulting party
      for
      all costs incurred directly as a result of the breach of this Agreement, and
      shall be subject to such damages as may be allowed by law including all
      attorneys' fees and costs of enforcing this Agreement.

    

    (c) Termination
      and Payment.

    

    Upon
      any
      termination or expiration of this Agreement, Client shall pay all unpaid and
      outstanding fees through the effective date of termination or expiration of
      this
      Agreement. And upon such termination, Consultant shall provide and deliver
      to
      Client any and all outstanding services due through the effective date of this
      Agreement.

    

    7. Miscellaneous.

    

    (a) Independent
      Contractor.

    

    This
      Agreement establishes an “independent contractor” relationship between
      Consultant and Client.

    

    (b). Rights
      Cumulative; Waivers.

    

    The
      rights of each of the parties under this Agreement are cumulative. The rights
      of
      each of the parties hereunder shall not be capable of being waived or varied
      other than by an express waiver or variation in writing. Any failure to exercise
      or any delay in exercising any of such rights shall not operate as a waiver
      or
      variation of that or any other such right. Any defective or partial exercise
      of
      any of such rights shall not preclude any other or further exercise of that
      or
      any other such right. No act or course of conduct or negotiation on the part
      of
      any party shall in 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    any
      way
      preclude such party from exercising any such right or constitute a suspension
      or
      any variation of any such right.

    

    (c) Benefit;
      Successors Bound. 

    

    This
      Agreement and the terms, covenants, conditions, provisions, obligations,
      undertakings, rights, and benefits hereof, shall be binding upon, and shall
      inure to the benefit of, the undersigned parties and their heirs, executors,
      administrators, representatives, successors, and permitted assigns.

    

    (d) Entire
      Agreement.

    

    This
      Agreement contains the entire agreement between the parties with respect to
      the
      subject matter hereof. There are no promises, agreements, conditions,
      undertakings, understandings, warranties, covenants or representa-tions, oral
      or
      written, express or implied, between them with respect to this Agreement or
      the
      matters described in this Agreement, except as set forth in this Agreement.
      Any
      such negotiations, promises, or understandings shall not be used to interpret
      or
      constitute this Agreement.

    

    (e) Assignment.

    

    Neither
      this Agreement nor any other benefit to accrue hereunder shall be assigned
      or
      transferred by either party, either in whole or in part, without the written
      consent of the other party, and any purported assignment in violation hereof
      shall be void.

    

    (f) Amendment.

    

    This
      Agreement may be amended only by an instrument in writing executed by all the
      parties hereto.

    

    (g) Severability.

    

    Each
      part
      of this Agreement is intended to be severable. In the event that any provision
      of this Agreement is found by any court or other authority of competent
      jurisdiction to be illegal or unenforceable, such provision shall be severed
      or
      modified to the extent necessary to render it enforceable and as so severed
      or
      modified, this Agreement shall continue in full force and effect.

    

    (h) Section
      Headings.

    

    The
      Section headings in this Agreement are for reference purposes only and shall
      not
      affect in any way the meaning or interpretation of this Agreement.

    

    (i) Construction.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Unless
      the context otherwise requires, when used herein, the singular shall be deemed
      to include the plural, the plural shall be deemed to include each of the
      singular, and pronouns of one or no gender shall be deemed to include the
      equivalent pronoun of the other or no gender.

    

    (j) Further
      Assurances.

    

    In
      addition to the instruments and documents to be made, executed and delivered
      pursuant to this Agreement, the parties hereto agree to make, execute and
      deliver or cause to be made, executed and delivered, to the requesting party
      such other instruments and to take such other actions as the requesting party
      may reasonably require to carry out the terms of this Agreement and the
      transactions contemplated hereby.

    

    (k) Notices.

    

    Any
      notice which is required or desired under this Agreement shall be given in
      writing and may be sent by personal delivery or by mail (either a. United States
      mail, postage prepaid, or b. Federal Express or similar generally recognized
      overnight carrier), addressed as follows (subject to the right to designate
      a
      different address by notice similarly given):

     

    If
      to
      Client:                                           
Jan
      Wallace

    Secured
      Diversified Investments, Inc.

    5205
      East
      Lincoln Drive

    Paradise
      Valley, Arizona 85253

    

    If
      to
      Consultant:                                   
 Donald
      B.
      Schwall, Jr.

                         
8326
      Geary Boulevard

                          San
      Francisco, CA
      94121

    

    

    (l) Governing
      Law.

    

    This
      Agreement shall be governed by the interpreted in accordance with the laws
      of
      the State of California without reference to its conflicts of laws rules or
      principles. Each of the parties consents to the exclusive jurisdiction of the
      federal courts of the State of California in connection with any dispute arising
      under this Agreement and hereby waives, to the maximum extent permitted by
      law,
      any objection, including any objection based on forum
      non coveniens,
      to the
      bringing of any such proceeding in such jurisdictions.

     

    (m) Consents.

    

    The
      person signing this Agreement on behalf of each party hereby represents and
      warrants that he has the necessary power, consent and authority to execute
      and
      deliver this Agreement on behalf of such party.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (n) Survival
      of Provisions.

    

    The
      provisions contained in paragraphs 3, 5, 6, and 7 of this Agreement shall
      survive the termination of this Agreement.

    

    (o) Execution
      in Counterparts.

    

    This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed an original and all of which together shall constitute one and the same
      agreement.

    

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be executed and
      have
      agreed to and accepted the terms herein on the date written above.

    

     

    

    CLIENT:

    

    For
      Secured Diversified Investment

     

    

    By:/s/
      Jan Wallace

    Jan
      Wallace, CEO

    

    
 

    

    CONSULTANT:

    

    

    By:
      /s/
      Donald B. Schwall, Jr.

    Donald
      B.
      Schwall, Jr.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]