Document:

CHAMPIONLYTE HOLDINGS, INC.
                       2999 NE 191st Street, Penthouse Two
                             Aventura, Florida 33180

April 7, 2003

Mr. Peter Nasca
Peter Nasca & Associates
2999 NE 191st Street, Penthouse Six
Aventura, Florida 33180

     Re:  Peter Nasca & Associates ("PNA") with Championlyte Holdings, Inc.
          ("Championlyte")

Dear Mr. Nasca:

The following hereby sets forth the settlement agreement  ("Agreement")  between
PNA and Championlyte:

1.   OBLIGATION:  Championlyte  presently currently has an outstanding  contract
     for  services  with PNA and owes a sum in excess of  $30,000  for  services
     rendered to Championlyte.

2.   SETTLEMENT AND PAYMENT:  Championlyte hereby agrees to issue to PNA 200,000
     shares of its common stock as full  settlement of the  obligation set forth
     in paragraph 1 above. In addition,  Championlyte  shall issue to PNA 50,000
     warrants to purchase  Championlyte  common  stock at $.l0 per share.  These
     warrants  shall  have a  term  of two  years.  The  share  and  the  shares
     underlying the warrants  shall be registered  within sixty days of the date
     of this agreement.  PNA agrees to adhere to lock up (no sale) of the shares
     until 8/1/03 and therafter to leakage  limitations  on sales  equivalent to
     144  restrictions  on sales.  Championlyte  agrees  that  should it seek to
     engage any firm for pub1ic  relations  or the  related  services  that were
     performed by PNA for Championlyte,  it will, re-engage PNA to perform those
     functions.

3.   NOTICE:  All  notices,  requests  and  instructions  hereunder  shall be in
     writing and delivered, to each party at the addresses set forth above or to
     such  other  address  as may  from  time to time be  designated  by a party
     hereto.

4.   SEVERABILITY:  In the event that any term,  covenant,  condition,  or other
     provision  contained  herein  is held  to be  invalid,  void  or  otherwise
     unenforceable by any court of competent jurisdiction, thc invalidity of any
     such term,  covenant,  condition,  provision or  Agreement  shall in no way
     affcct any other term,

<PAGE>

     covenant, condition or provision or Agreement contained herein, which shall
     remain in full force and effect.

5.   ENTIRE AGREEMENT:  This agreerment contains all of the terms agreed upon by
     the parties with respect to the subject matter  hereof.  This Agreement has
     been entered into after full investigation.

6.   AMENDMENTS:  No amendments or additions to this Agreement  shall be binding
     unless in  writing,  signed by both  parties,  except as herein  otherewise
     provided.

7.   NO ASSIGNMENTS:  Neither party may assign nor delegate any of its rights or
     obligations  hereunder  without first  obtaining the written consent of the
     other party

Please sign below to ackowledge the terms of this Agreement.

Very truly yours,

CHAMPIONLYTE HOLDINGS, lNC.

By: /s/ David Goldberg
   ---------------------
   DAVID GOLDBERG
   DIRECTOR

THE TERMS AS SET FORTH ABOVE ARE AGREEABLE AND ACCEPTABLE BY:
PETER NASCA AND ASSOCIATES

By: /s/ Peter Nasca
   ---------------------
    PETER NASCACONSULTING AGREEMENT

This Consulting Agreement ("Agreement") is to be effective as of the 20th day of
April, 2003, by and between ChampionLyte Holdings, Inc., ("Company"), and Chris
Knapp ("Consultant"), an individual doing business as, Chris Knapp.

For the purposes of this Agreement, either of the above shall be referred to as
a "Party" and collectively as the "Parties".

The Parties hereby agree as
follows:

APPOINTMENT OF Chris Knapp. Company hereby appoints Consultant and Consultant
hereby agrees to render services to Company as a Marketing and Sales
Representative.

SERVICES. During the term of this Agreement,  Consultant shall provide advice to
undertake  for and consult with the Company  concerning  management of sales and
marketing resources,  consulting, strategic planning, corporate organization and
structure,  financial matters in connection with the operation of the businesses
of the Company, expansion of services,  acquisitions and business opportunities,
and shall review and advise the Company  regarding its and his overall progress,
needs,  and  condition.  Consultant  agrees  to  provide  on a timely  basis the
following enumerated services plus any additional services contemplated thereby:

The  implementation  of short-range  and long-term  strategic  planning to fully
develop and enhance the Company's assets, resources, products, and services;

The implementation of a marketing program to enable the Company to broaden the
markets for its Services and promote the image of the Company and its products
and services;

Advise the Company relative to the recruitment and employment of key executives
consistent with the expansion of operations of the Company.

The identification, evaluation, structuring, negotiating and closing of joint
ventures, strategic alliances, business acquisitions, and advise with regard to
the ongoing managing and operating of such acquisitions upon consummation
thereof; and advise and recommendations regarding corporate financing including
the structures, terms, and content of bank loans, institutional loans, private
debt funding.

TERM. The term ("Term") of this Consulting Agreement shall be for a period of
three (3) months commencing on the date hereof.

COMPENSATION. See Exhibit "A".

CONFIDENTIALITY. Consultant will not disclose to any other person, firm or
corporation, nor use for its own benefit. during or after the Term of this
Consulting Agreement, any trade secrets or other information designated as
confidential by Company which is acquired by Consultant in the course of
performing services hereunder. Any financial advice rendered by Consultant
pursuant to this Consulting Agreement may not be disclosed in any manner without
the prior written approval of Company.

INDEMNIFCATION. Company, its agents or assigns hereby agree to indemnify and
hold Consultant harmless from and against all losses, claims, damages,
liabilities, costs or expenses (including reasonable attorney's fees,
collectively the "Liabilities"), joint and several, arising from the performance
of this Consulting Agreement, whether or not Consultant is party to such
dispute.

INDEPENDENT CONTRACTOR. Consultant and Company hereby
acknowledge that Consultant is an independent contractor. Consultant shall not
hold itself out as, nor shall it take any action from which others might infer
that it is an agent of or a joint venture of Company.

MISCELLANEOUS. This Consulting Agreement sets forth the entire understanding of
the Parties relating to the subject matter hereof, and supersedes and cancels
any prior communications, understandings and agreements between the Parties.
This Consulting Agreement is non- exclusive and cannot be modified or changed,
nor can any of its provisions be waived, except by written agreement signed by
all Parties.

NOTICES. Any notice required or permitted hereunder shall be given in
writing (unless otherwise specified herein) and shall be deemed effectively
given upon personal delivery or seven business days after deposit in the United
States Postal Service, by (a) advance copy by fax, (b) mailing by express
courier or registered or certified mail with postage and fees prepaid, addressed
to each of the other Parties thereunto entitled at the following addresses, or
at such other addresses as a Party may designate by ten days advance written
notice to each of the other Parties at the addresses above and to the attention
of the persons that have signed below.

Please confirm that the foregoing sets forth our understanding by signing the
enclosed copy of this Consulting Agreement where provided and returning it to me
at your earliest convenience.

All Parties signing below do so with full authority:

Party Receiving Services: Party Providing Services:

ChamnpionLyte Holdings, Inc.             Chris Knapp, an individual

/s/ Dave Goldberg                        /s/ Chris Knapp
--------------------------------         -----------------------------
By: Dave Goldberg, President             Chris Knapp, an individual

<PAGE>

                                 EXHIBIT " A "

Payment for Services:

A. For the servlces rendered and performed by Chris Knapp during the term of
this Agreement, Company shall, upon acceptance of this Agreement: Pay to Chris
Knapp five hundred thousand (500,000) free-trading shares of CPLY stock for
three (3) months of service.MOMENTUM
                                TRADERS NETWORK
                               [GRAPHIC OMMITTED]

                         Momentum Traders Network, Inc.
                                     M.T.N.

Agreement dated, April 02, 2003 by and between, Momentum Traders Network and
CHAMPIONLYTE HOLDINGS INC. (CPLY), ("Client")

                                    PREAMBLE

Whereas CHAMPIONLYTE HOLDINGS INC. desires to develop a program for
dissemination of information pursuant to its obligations under the Exchange Act
in compliance with the restrictions on dissemination of material inside
information contained in proposed Regulation FD, current Sections 20 and 21A
thereof, and in compliance with the requirements of Section 17(b) of the
Securities Act, and deems it to be in its best interest to retain Momentum
Traders Network to render CHAMPIONLYTE HOLDINGS, INC. such services as may be
needed; and

                                 1. DEFINITIONS

1.1 "Client" means, with respect to any given Person, and other Person directly
or indirectly Controlling, Controlled by, or under common Control with, such
person.

1.2 "Agreement" means this agreement and its schedules.

1.3 "Content" means the text data, and images, whether provided by Momentum
Traders Network or a third party that are included in the product.

1.4 "Control" over a person means the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of such
person, whether through the ownership of voting securities or other equity
interest, representation on its board of directors or body performing similar
functions, by contract or otherwise. The terms "Controlling" and "Controlled"
will have corollary meanings.

1.5 "Damages" means liabilities, damages, awards, settlements, losses, claims
and expenses, including reasonable attorney's fees and expenses and costs of
investigation.

1.6 "Final Acceptance Criteria" means testing to determine whether the service
performs the specified functions consistently and substantially in conformance
with all material requirements and operate with internal consistency.

1.7 "Hypertext Link" means a URL (or icon, logo, higlighted or colored test,
figures or image representing a URL) on which a user may point and click, or
otherwise send a command, to access another Internet Site.

1.8 "Client Internet Site" means the internet site owned and operated by the
Client and is accessed via the URL(s) and any related Mirror Site.

1.9 "Client Marks" means the names, trademarks and service marks of client and
its affiliates.

1.10 "Intellectual Property Rights" means any patent, design right, copyright,
trademark, service mark (and any application or registration respecting the
foregoing), database right, trade secret, know-how and/or present or future
intellectual property right of any type, wherever in the world enjoyable.

<PAGE>

1.11 "Launch Date" means the date Momentum  Traders  Network  provides notice to
client that the product is completed and may be made available to Users.

1.12 "Laws" means laws, regulations, rules or order of any government,
administrative authority or court.

1.13 "Material Defect" means any error, problem or defect in the product that
causes the product materially not to meet the specifications when the product is
used for its intended purpose.

1.14 "Mirror Site" means an Internet site which contains the exact form and
content (including identical pages) of a particular Internet Site which (a) is
located at a geographic location distinct from such internet site and (b) is
created for the purpose of improving performance and accessibility to such
Internet site.

1.15 "Person" means any individual, corporation, limited-liability company,
partnership, firm, joint venture, association, joint-stock company, trust, or
other entity or organization, including a government or political subdivision or
an agency or instrumentality thereof.

1.16 "Product" Momentum Traders Network company spotlight customized with
clients information.

1.17 "Momentum Traders Network Marks" means the names, trademarks, graphics and
service marks of Momentum Traders Network and its affiliates.

1.18 "Momentum Traders Network Product" means the internet product(s) and any
generally released upgrades of said product(s) as described in Schedule 1.

1.19 "Momentum Traders Network Server" means a web server located at Momentum
Traders Network offices, or a third party site, selected by Momentum Traders
Network in its sole discretion.

1.20 "Momentum Traders Network internet site" means the internet sites owned and
operated by Momentum Traders Network and any related mirror site.

1.21 "Momentum  Traders Network" means,  collectively,  Momentum Traders Network
and its affiliates as of the date of determination.

1.22 "Visitors" means all persons that access Momentum Traders Network internet
site.

1.23 Rules of Construction. As used in this Agreement, all terms in the singular
shall be deemed to include the plural, and vice versa, as the context may
require. The words, "herein," "hereof" and "hereunder" and other words of
similar import refer to this agreement as a whole, including the exhibits and
schedules hereto, as the same may from time to time be amended or supplemented.
The word "including" when used herein is not intended to be exclusive, or to
limit the generality of the preceding words, and means "including, without
limitation".

                                    2. TERMS

2.1 "Initial Terms" the initial terms of this agreement will take effect on
April 02, 2003 (the "launch date") and unless terminated earlier, will terminate
May 23rd, 2003.

2.2 "Renewal" Unless client gives the other party written notice prior to no
renewal will be available.

                            3. PRODUCT AND SERVICES

3.0 Assist CHAMPIONLYTE HOLDINGS, INC. to: Disseminate information pursuant to
its obligations under the Exchange Act in compliance with the restrictions on
dissemination of material inside information contained in proposed Regulation
FD,

<PAGE>

current Sections 20 and 21A thereof, and in compliance with the requirements of
Section 17(b) of the Securities Act;

Subject to full compliance with the requirements of Section 17(b) of the
Securities Act, to the extent applicable, distribute information concerning
CHAMPIONLYTE HOLDINGS, INC. in periodicals and newsletters distributed to
subscribers sophisticated in financial and securities matters.

3.1 "Product" Momentum Traders Network shall provide the service for the client
to display corporate information on CHAMPIONLYTE PRODUCTS INC internet property.

3.2 "Delivery and Acceptance" Within seven days of delivery and demonstration by
Momentum Traders Network of each co-product, client will (a) provide written
notice of acceptance or (b) provide written notice of rejection setting forth
each material defect in the co-branded product. Failure by client to deliver
such notice within seven days shall constitute acceptance of the product. Client
may identify defects in the product without rejecting it. In such event, these
defects may be corrected by Momentum Traders Network in a subsequent version as
mutually agreed. If client acceptance has been withheld Momentum Traders Network
shall have seven days from the receipt of such notice to correct the defects.
Client shall then have ten days to conduct further acceptance testing of the
product. Failure by client to deliver written notice of rejection or acceptance
of the product within 10 days shall constitute acceptance of Momentum Traders
Network product by client. In the event client does not accept the product after
such further acceptance testing, client has the option to terminate this
agreement by written notice to Momentum Traders Network.

3.3 "New Products" From time to time, Momentum Traders Network shall offer
client additional products. In the event that client wishes to also use these
new products, the new products will be added via a written amendment to the
product definition in Schedule 1 and shall be subject to the same terms and
conditions of this agreement, including the delivery and acceptance terms listed
in Section 3.2. With respect to delivery and acceptance however, client may
decide to reject any such new product, but in so doing client may only terminate
the agreement with respect to that particular new product and not with respect
to the entire agreement or with respect to previously added new products which
had already been accepted.

3.4 "Licenses" Momentum Traders Network hereby grants client, during the term,
the worldwide, non-exclusive, not-transferable right, subject to the terms and
conditions of this agreement to use Momentum Traders Network name and links in
correspondence and releases.

3.5 "Withdrawal of a Service" Momentum Traders Network may cancel all or part of
the product if the provision of all or part of that product:

<PAGE>

(a)Becomes the subject of a claim that such services infringe the ownership
rights of any third person or that Momentum Traders Network otherwise does not
have the right to permit others to use such services.
(b) depends on an agreement between a Momentum Traders Network group member and
a third person, and that agreement is modified or terminated for any reason or
breached by a third person and as a result Momentum Traders Network is unable to
continue to provide all or part of the product upon terms reasonably acceptable
to the client.
c) becomes illegal or contrary to any applicable Law.

3.6) Momentum Traders Network agrees, under the terms of the contract, to add
clients corporate information to internet properties and any co-branded or
mirror web sites for the time frame specified in schedule 2.1. Momentum Traders
Network also agrees to provide a private e-mail to a minimum of 365,000 opt-in
members and will have sole discretion to license this right to other partners
and other branded or co-branded web sites for additional exposure.

a) Client understands that web traffic is a variable number and agrees that
Momentum Traders Network possess full rights to the promotion of any and all
internet properties.

b) Momentum Traders Network agrees not to distribute unsolicited email.

                             4. CLIENT OBLIGATIONS

4.1 "Development Assistance" Client shall provide Momentum Traders Network with
reliable corporate information and contacts regarding client's business and
client's stock in order to facilitate Momentum Traders Network's obligations
hereunder.

4.2 Client shall provide information that is legally allowable under all SEC and
other government law in regards to statements made.

                           5. PROMOTION AND BRANDING

5.1 "Promotion" Client shall understand Momentum Traders Network may license
other internet properties to display clients corporate information.

5.2 Momentum Traders Network shall allow all visitors to it's internet property,
mirror sites, and co-branded sites FREE access to corporate information.

                                  6. LIABILITY

6.1 Client understands that Momentum Traders Network makes no warranties on
result of said product.

6.2 Client relieves Momentum Traders Network from any losses, damages, monetary
or otherwise that may occur due to the content of company profile.

6.3 Momentum Traders Network warrants and represents that it will make no
knowingly false claims or misleading statements on behalf of client; Momentum
Traders Network, not the client will be responsible for any knowingly false
claims or misleading statements made on behalf of the client.

                               7. RECOMMENDATIONS

7.1 Client udnerstands that the publishers of Momentum Traders Network are not
broker dealers or registered investment advisors and are not acting in any way
to make recommendations to the purchase or sale of any security.

<PAGE>

7.2 Client understands that Momentum Traders Network will make no offer to buy
or sell securities.

7.3 Momentum Traders Network will recommend that any visitor/member considering
trading or investing in said security do so only after speaking with a
stockbroker or registered financial advisor.

                                     8. FEES

8.1 Fees for the service will be 600,000 free trading CHAMPIONLYTE HOLDINGS INC
(CPLY) shares delivered prior to the launch date(2.1).

8.2 Client understands that fees are non-refundable and binding upon signature.

8.3 Momentum Traders Network will make full disclosure of payment from client in
accordance with the requirements of the U.S. Securities and Exchange Commission
at all times.

By signing this agreement you are acknowledging that you have read and agree to
all the terms and conditions above.

Client information to be distributed through the following websites and
newsletters, Distribution subject to change with prior notice.

www.streetinsider.com
www.hotstockalerts.com
www.momentumtraders.com

Company Name: CHAMPIONLYTE HOLDINGS, INC.
Ticker Symbol: CPLY
Address:
        ChampionLyte Holdings, Inc.
        1356 NW Boca Raton
        Blvd.
        Boca Raton, FL  33432

X /s/ David Goldberg
 -------------------------------------
           Signature
Representing ChampionLyte Holdings, Inc.

X /s/ Mark A. Malone
 -------------------------------------
           Signature
Mark A. Malone Editor@momentumtraders.net

<PAGE>

                             AMENDMENT TO AGREEMENT

This document shall serve as an amendment to the Agreement between ChampionLyte
Holdings, Inc. (the "Company") and Momentum Traders Network ("MTN") dated April
2, 2003, (the "Agreement").

1.   MTN Agrees that since ChampionLyte Holdings, Inc. is a "Fully Reporting
     Company" as that term is commonly defined and therefore subject to the 1933
     and 1934 Securities Acts as amended (the "Acts"), MTN shall adhere to any
     and all applicable state and federal securities laws as it relates to the
     disclosure of its relationship with the Company as well as any laws, rules
     or disclosures as it relates to its compensation under the Agreement.

2.   MTN understands that this amendment is being drafted in light of recent
     regulatory emphasis on investor relations, corporate communications and to
     ensure compliance to such rules and regulations as they may occur or may
     change in the future and to protect both MTN as well as the Company.

3.   MTN further agrees that none of it officers, directors, principals,
     affiliates or sub-contractors have been convicted of any local, state or
     federal offense of a securities nature or any felony conviction or are
     currently or have been the subject of any regulatory investigation, whether
     actions or charges have been brought, except as disclosed in writing to the
     Company.

4.   The Company represents that any equity based compensation under the
     Agreement is not and shall not be the result of issuance of shares under
     Form S-8 or other similar registration and that such compensation has been
     fully paid and is non-assessable.

5.   Both MTN and the Company agree that all such amendments and modifications
     to the Agreement shall be done in writing and no oral amendments shall be
     binding upon either MTN or the Company.

Agreed and accepted this 3rd day of April, 2003

/s/ David Goldberg
----------------------------------
ChampionLyte Holdings, Inc.

/s/ Mark A. Malone
----------------------------------
Momentum Traders Network

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