Document:

THE JACKSON RIVERS COMPANY

                                CONVERTIBLE NOTE

$250,000.00                                                      January 2, 2006

      THE JACKSON RIVERS COMPANY, (OTCBB: JKRI) a Florida corporation (the
Company"), for value received hereby promises to pay to the order of VANTAGE
POINT CONSULTING and or assignee ("Payee"), the Principal Amount of Two Hundred
Fifty Thousand and No/100 Dollars ($250,000.00), as per the Fee Agreement
executed on November 12, 2005 and incorporated herein as Exhibit A, on or before
the Due Date of this Note at the office of the Payee at 550 Greens Parkway,
Suite 230, Houston, Texas 77067, with accrued interest payments & principal from
the date of issuance of this Note at the rate of eight percent (8.0%) per annum
due and payable on or before January 1, 2007 (the "Due Date").

      For the purpose of calculating interest for any period for which interest
shall be payable, such interest shall be calculated on the basis of a 30 day
month and a 360 day year. Except as otherwise provided herein, all sums of past
due principal and interest shall bear interest at the maximum rate of interest
permitted by applicable law.

      1.    Covenants. The Company covenants that so long as this Note shall be
            outstanding:

            (a) The Company shall maintain an office at 550 Greens Parkway,
      Suite 230, Houston, Texas 77067, or at such other place as the Company may
      designate by written notice given pursuant to the terms hereof, where
      notices, presentations and demands to or upon the Company in respect of
      this Note may be made or given.

            (b) The Company shall promptly cause to be paid and discharged all
      lawful taxes, assessments and governmental charges or levies imposed upon
      the Company or any subsidiary or upon the income and profits of, or upon
      any property belonging to the Company or any subsidiary before the same
      shall become in default, as well as all lawful claims for labor, materials
      and supplies which, if unpaid, might become a lien or charge upon such
      property or any part thereof; provided, however, that the Company shall
      not be required to cause to be paid and discharged any such tax,
      assessment, charge, levy or claim so long as the amount or validity
      thereof shall be contested in good faith by appropriate proceedings, and
      the Company or such subsidiary, as the case may he, shall set aside on its
      books reserves with respect thereto which the Company and the independent
      public accountants who are at the time employed to audit the books and
      accounts of the Company or such subsidiary consider adequate.

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            (c) The Company shall at all times cause its physical property and
      the physical property of its subsidiaries used or desirable in the conduct
      of the business of the Company or its subsidiaries to be maintained,
      preserved, protected and kept in good repair, working order and condition,
      and from time to time cause to be made all needful and proper repairs,
      replacements, betterments and improvements thereto, so that the business
      carried on in connection therewith may in the opinion of the Company be
      properly and advantageously conducted at all times; provided, however,
      that nothing in this Paragraph 1(c) shall require the Company or any
      subsidiary to maintain, preserve, protect or keep in good repair, working
      order or condition any physical property which, in the sole discretion of
      the Company, is obsolete or surplus or unfit for use or may not be used
      advantageously in the conduct of the business of the Company or such
      subsidiary, as the case may be.

            (d) The Company shall at all times keep, and cause each subsidiary
      to keep, true and complete books of record and accounts in accordance with
      generally accepted accounting principles and practices and file timely all
      required reports with the Securities and Exchange Commission.

            (e) The Company shall at all times cause to be done all things
      necessary to preserve and keep in full force and effect its corporate
      existence, rights, and franchises, and the corporate existences, rights
      and franchises of each subsidiary, and comply with and cause each
      subsidiary to comply with, all laws and governmental requirements
      applicable to the Company or such subsidiary; provided, however, that
      nothing in this Paragraph 1(e) shall (i) require the Company or any
      subsidiary to maintain, preserve or renew any right or franchise which in
      the opinion of the Board of Directors of the Company is not necessary or
      desirable in the conduct of the business of the Company or of such
      subsidiary, as the case may be; or (ii) prevent the termination of the
      corporate existence of any subsidiary if in the opinion of the Board of
      Directors of the Company such termination is in the best interest of the
      Company and not disadvantageous to the Payee; or (iii) prevent any
      consolidation or merger involving the Company or a subsidiary.

      2.    Piggy Back Registration Rights. The Shares issued to the Payee shall
            be entitled to "Piggy Back Registration Rights" pursuant to a
            registration of the Company's securities made effective during the
            term of this Note. Upon effectiveness of said Registration
            Statement, Payee's Shares shall be immediately registered and
            therefore eligible for trading under any and all restrictions that
            may apply.

            (a)   The Payee is an "accredited investor" as defined under Rule
                  501 under the Securities Act.

            (b)   The Payee acknowledges that the Shares have not been
                  registered under the Securities Act or the securities laws of
                  any state and are being offered pursuant to applicable
                  exemptions from such registration for nonpublic offerings as
                  "restricted securities" as defined by Rule 144 promulgated
                  pursuant to the Securities Act. The Shares may not be resold
                  in the absence of an effective registration thereof under the
                  Securities Act and applicable state securities laws unless, in
                  the opinion of the Company's counsel, an applicable exemption
                  from registration is available.

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            (c)   The Payee is acquiring the Shares for its own account, for
                  investment purposes only and not with a view to, or for sale
                  in connection with, a distribution, as that term is used in
                  Section 2(11) of the Securities Act, in a manner which would
                  require registration under the Securities Act or any state
                  securities laws.

            (d)   The Payee understands and acknowledges that the Shares will
                  bear the following legend:

                  THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
                  THE SECURITIES LAWS OF ANY STATE. THE SECURITIES HAVE BEEN
                  ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD OR TRANSFERRED FOR
                  VALUE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION THEREOF
                  UNDER THE SECURITIES ACT OF 1933 AND/OR THE SECURITIES ACT OF
                  ANY STATE HAVING JURISDICTION OR AN OPINION OF COUNSEL
                  ACCEPTABLE TO THE CORPORATION THAT SUCH REGISTRATION IS NOT
                  REQUIRED UNDER SUCH ACT OR ACTS.

            (e)   The Payee acknowledges that an investment in the Shares is not
                  liquid and is transferable only under limited conditions. The
                  Payee acknowledges that such securities must be held
                  indefinitely unless they are subsequently registered under the
                  Securities Act or an exemption from such registration is
                  available. The Payee is aware of the provisions of Rule 144
                  promulgated under the Securities Act, which permits limited
                  resale of securities purchased in a private placement subject
                  to the satisfaction of certain conditions and that such Rule
                  is not now available and, in the future, may not become
                  available for resale of the Shares.

            (f)   Payee Sophistication and Ability to Bear Risk of Loss. The
                  Payee acknowledges that it is able to protect its interests in
                  connection with the acquisition of the Shares and can bear the
                  economic risk of investment in such securities without
                  producing a material adverse change in Payee's financial
                  condition. The Payee otherwise has such knowledge and
                  experience in financial or business matters that it is capable
                  of evaluating the merits and risks of the investment in the
                  Shares.

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            (g)   Purchases by Groups. The Payee represents, warrants, and
                  covenants that it is not acquiring the Shares as part of a
                  group within the meaning of Section 13(d)(3) of the Securities
                  Exchange Act of 1934, as amended.

      3.    Conversion of Note.

            (a) On or after the Due Date or upon an effective registration of
      the Company's stock, the Payee may convert all or part of the remaining
      principal balance, plus accrued interest, of this Note into the common
      stock, par value $0.001 per share, of the Company (the "Common Stock"). In
      the event of a conversion, the number of shares of the Common Stock to be
      issued shall be determined by dividing (i) the unpaid principal balance of
      this Note, plus any accrued interest by (ii) eighty percent (80%) of the
      average of the lowest three closing bid prices in past 20 trading days
      immediately preceding any such conversion. All such Common Stock
      conversions shall not exceed 4.99% of the then outstanding Common Stocks
      of the Company. If this Note is surrendered for conversion, it shall be
      duly endorsed, or be accompanied by a written instrument of transfer in a
      form satisfactory to the Company duly executed by the holder of this Note.
      For convenience, the conversion of all or a portion, as the case may be,
      of the principal, plus accrued interest, of this Note into the Common
      Stock is hereinafter sometimes referred to as the conversion of this Note.
      In the event that this Note is converted in part only, upon such
      conversion the Company shall execute and deliver to the Payee, without
      service charge, a new Note or Notes, of any authorized denomination or
      denominations as requested by the Payee, in aggregate principal amount
      equal to and in exchange for the unconverted portion of the principal and
      accrued interest of the Note so surrendered.

            (b) As promptly as practicable after the surrender, as herein
      provided, of this Note or portion thereof in proper form for conversion,
      the Company shall deliver a certificate or certificates representing the
      number of fully paid and nonassessable shares of the Common Stock into
      which this Note (or portion thereof) may be converted in accordance with
      the provisions of this Note. Subject to the following provisions of this
      Paragraph 3, such conversion shall be deemed to have been made immediately
      prior to the close of business on the date that this Note or portion
      thereof shall have been surrendered for conversion, accompanied by written
      notice, so that the rights of the Payee as holders thereof shall cease
      with respect to this Note (or the portion thereof being converted) at such
      time, and the person or persons entitled to receive the shares of the
      Common Stock upon conversion of this Note or portion thereof shall be
      treated for all purposes as having become the record holder of such shares
      of the Common Stock at such time. Provided, however, that no such
      surrender on any date when the stock transfer books of the Company shall
      be closed shall be effective to constitute the person or persons entitled
      to receive the shares of the Common Stock upon such conversion as the
      record holder or holders of such shares of the Common Stock on such date,
      but such surrender shall be effective to constitute the person or persons
      entitled to receive such shares of the Common Stock as the record holder
      or holders thereof for all purposes immediately prior to the close of the
      business on the next succeeding day on which such stock transfer books are
      open.

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            (c) No fractional shares or scrip representing fractional shares
      shall be issued upon the conversion of this Note. If more than one Note
      shall be surrendered for conversion at one time by the Payee, the number
      of full shares issuable upon conversion thereof shall be computed on the
      outstanding shares of the Common Stock, or in case of any sale or
      conveyance to another corporation of the property of the Company as an
      entirety or substantially as an entirety, the Payee shall have the right
      thereafter to convert this Note into the kind and amount of shares of
      stock of the Company or of such successor or purchasing corporation and
      other securities and property receivable upon such reclassification,
      change, consolidation, merger, sale, or conveyance by the Payee of the
      number of shares of Common Stock into which this Note might have been
      converted immediately prior to such reclassification, change,
      consolidation, merger, sale or conveyance. The provisions of this
      paragraph shall similarly apply to successive reclassifications, changes,
      consolidations, mergers, sales, or conveyances.

            (e) The Company covenants that it will at times reserve and keep
      available out of its authorized Common Stock solely for the purpose of
      issue upon conversion of this Note as herein provided, such number of
      shares of the Common Stock as shall then be issuable upon the conversion
      of unpaid balance, including accrued interest, of this Note. The Company
      covenants that a]l shares of the Common Stock which shall be so issuable
      shall, when issued, be duly and validly issued and fully paid and
      nonassessable.

            (f) The Company covenants that upon conversion of this Note as
      herein provided, there will be credited to the Common Stock stated capital
      from the consideration for which the shares of the Common Stock issuable
      upon such conversion are issued an amount per share of the Common Stock so
      issued as determined by the Board of Directors, which amount shall not be
      less than the amount required by law and by the Company's Articles of
      Incorporation, as amended, as in effect on the date of such conversion.
      For the purposes of this covenant, the principal amount of the Note
      converted, less the amount of cash paid in lieu of the issuance of
      fractional shares of such conversion, shall be deemed to be the amount of
      consideration for which the shares of the Common Stock issuable upon such
      conversion are issued.

            (g) The issuance of certificates for shares of the Common Stock upon
      the conversion of this Note shall be made without charge to the Payee so
      converting for any tax in respect of the issuance of such certificates,
      and such certificates shall be issued in the name of, or in such names as
      may be directed by, the Payee; provided, however, that the Company shall
      not be required to pay any tax which may be payable in respect of any
      transfer involved in the issuance and delivery of any such certificate in
      the name other than that of the Payee, and the Company shall not be
      required to issue or deliver such certificates unless or until the person
      or persons requesting the issuance thereof shall have paid to the Company
      the amount of such tax or shall have established to the satisfaction of
      the Company that such tax has been paid.

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      4.    Events of Default.

            (a) If any one or more of the following events (herein individually
      referred to as an "Event of Default") shall have occurred for any reason
      and shall be continuing at the time of any notice thereof from the Payee:

                  (i) Default shall be made in the due observance and
            performance of any covenant, agreement or condition in this Note
            (including the payment of any interest or principal) and such
            default shall continue for a period of 30 days after written notice
            thereof to the Company by the Payee; or

                  (ii) The Company shall:

                        (1) Admit in writing its inability to pay its debts
                  generally as they become due;

                        (2) File a petition in bankruptcy or a petition to take
                  advantage of any insolvency act;

                        (3) Make an assignment for the benefit of its creditors;

                        (4) Consent to the appointment of a receiver of itself
                  or of the whole or any substantial part of its property; or

                        (5) On a petition in bankruptcy filed against it, be
                  adjudicated a bankrupt;

                  (iii) The Company or any subsidiary shall file a petition or
            answer seeking reorganization or arrangement under the federal
            bankruptcy laws or any other applicable law or statute of the United
            States of America or any state or district or territory thereof; or

                  (iv) A court of competent jurisdiction shall enter an order,
            judgment or decree appointing, without the consent of the Company or
            such subsidiary, a receiver of the Company or any of its
            subsidiaries or of the whole or any substantial part of its
            property, or approving a petition filed against the Company or any
            of its subsidiaries seeking reorganization or arrangement under the
            federal bankruptcy laws or any other applicable law or statute of
            the United States of America or any state or district or territory
            thereof, and such order, judgment or decree shall not be vacated or
            set aside or stayed within 60 days from the date of the entry
            thereof; or

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                  (v) Under the provisions of any other law for the relief or
            aid of debtors, any court of competent jurisdiction shall assume
            custody or control of the Company or any of its subsidiaries or of
            the whole or any substantial part of its property, and such custody
            or control shall not be terminated or stayed within 60 days from the
            date of assumption of such custody or control;

      then, at the option of the Payee, this Note shall thereupon become and be
      due and payable, without any other presentment, demand, protest or notice
      of any kind, all of which are hereby expressly waived.

            (b) If any event shall occur that constitutes, or after continuance
      for a specified period would constitute, an Event of Default under this
      Paragraph 4, or if the holder of this Note shall demand payment or take
      any other action permitted upon the occurrence of any such event, the
      Company will at once give notice to all Payee, specifying the nature of
      such event or of such demand or action, as the case may be.

            (c) In case any one or more of the Events of Default specified above
      in this Paragraph 4 shall have happened and be continuing, the holder of
      this Note may proceed to protect and enforce its rights either by suit in
      equity and/or by action at law, or by other appropriate proceeding,
      whether for the specific performance (to the extent permitted by law) of
      any covenant or agreement contained in this Note or in aid of the exercise
      of any power granted in this Note, or proceed to enforce the payment of
      this Note or to enforce any other legal or equitable right of the holder
      of this Note.

            (d) No remedy herein contained on the holder hereof is intended to
      be exclusive of any other remedy and each and every such remedy shall be
      cumulative and shall be in addition to every other remedy given hereunder
      or now or hereafter existing at law or in equity or by statute or
      otherwise.

      5.    Miscellaneous.

            (a) No Sinking Fund. The Company is not required to establish any
      sinking fund with respect to this Note.

            (b) Collection Fees. In the event of default hereunder and if this
      Note is placed in the hands of an attorney for collection (whether or not
      suit is filed) or if this Note is collected by suit or legal proceedings
      or through bankruptcy proceedings, the Company agrees to pay in addition
      to all sums then due hereon, including principal and interest, all
      reasonable expenses of collection including reasonable attorneys' fees.

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            (c) Registered Owner Transfer. The Company and any agent of the
      Company may treat the person whose name appears above as the absolute
      owner hereof for the purpose of receiving payment of, or on account of,
      the principal or interest due hereon and for all other purposes, and
      neither the Company nor any such agent shall be affected by notice to the
      contrary. Subject to compliance with applicable federal and state
      securities laws, this Note is transferable only on the books of the
      Company by the registered holder in person or by attorney on surrender of
      this Note properly endorsed.

            (d) No Recourse. This Note is the obligation of the Company only,
      and no recourse shall be had for the payment hereof or the interest hereon
      against any incorporator, shareholder, director or officer as such
      (whether past, present or future) of the Company or any successor entity
      whether by virtue of any constitution, statute or rule of law or equity,
      or by the enforcement of any assessment or penalty, or otherwise, all such
      liability of the incorporators, shareholders, directors and officers as
      such being expressly waived and released by the holder hereof by the
      acceptance of this Note.

            (e) Successor Entity. The Company may not consolidate with or merge
      into, or transfer all or substantially all of its assets to, another
      corporation unless the successor corporation assumes all of the
      obligations of the Company under this Note and immediately after the
      transaction no default exists with respect to this Note. Thereafter, all
      such obligations of the Company shall terminate.

            (f) Maximum Rate of Interest. Notwithstanding any provisions to the
      contrary in this Note or in any of the documents relating hereto, in no
      event shall this Note or such documents require the payment or permit the
      collection of interest in excess of the maximum amount permitted by the
      laws of the State of Florida. If any such excess of interest is contracted
      for, charged or received under this Note or under the terms of any of the
      documents relating hereto, or in the event the maturity of the
      indebtedness evidenced by this Note is accelerated in whole or in part, or
      in the event that all or part of the principal or interest of this Note
      shall be prepaid, so that under any of such circumstances the amount of
      interest contracted for, charged or received under this Note or under any
      of the documents relating hereto, on the amount of principal actually
      outstanding from time to time under this Note shall exceed the maximum
      amount of interest permitted by the laws of the State of Florida, then in
      any such event:

                  (i) The provisions of this Paragraph 5(f) shall govern and
            control;

                  (ii) Neither the Company nor any other person or entity now or
            hereafter liable for the payment hereof, shall be obligated to pay
            the amount of such interest to the extent that it is in excess of
            the maximum amount of interest permitted by the laws of the State of
            Florida;

                  (iii) Any such excess which may have been collected shall be
            either applied as a credit against the then unpaid principal amount
            hereof or refunding to the Company, at the holder's option; and

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                  (iv) The effective rate of interest shall be automatically
            reduced to the maximum lawful rate of interest allowed under the
            laws of the State of Florida as now or hereafter construed by the
            courts having jurisdiction thereof,

            (g) Rate of Interest. It is further agreed that without limitation
      of the foregoing, all calculations of the rate of interest contracted for,
      charged or received under this Note or under such other documents which
      are made for the purpose of determining whether such rate exceeds the
      maximum lawful rate of interest, shall be made, to the extent permitted by
      the laws of the State of Florida, by amortizing, prorating, allocating and
      spreading during the period of the full stated term of the indebtedness
      evidenced hereby, all interest at any time contracted for, charged or
      received from the Company or otherwise by the holder or holders hereof in
      connection with such indebtedness.

            Issued this 2nd day of January, 2006.

                                                THE JACKSON RIVERS COMPANY

                                                By _____________________________
                                                   Jeffrey W. Flannery, CEO

Vantage Point Convertible Note                   Initials _________   __________THE JACKSON RIVERS COMPANY

                                CONVERTIBLE NOTE

$60,000.00                                                        March 12, 2006

      THE JACKSON RIVERS COMPANY, (OTCBB: JKRI) a Florida corporation (the
Company"), for value received hereby promises to pay to the order of PAUL
NICHOLS, and or assignee ("Payee"), the Principal Amount of Sixty Thousand and
No/100 Dollars ($60,000.00) on or before the Due Date of this Note at the office
of the Payee at 550 Greens Parkway, Suite 230, Houston, Texas 77067, with
accrued interest payments & principal from the date of issuance of this Note at
the rate of eight percent (8.0%) per annum due and payable on or before May 13,
2006 (the "Due Date").

      For the purpose of calculating interest for any period for which interest
shall be payable, such interest shall be calculated on the basis of a 30 day
month and a 360 day year. Except as otherwise provided herein, all sums of past
due principal and interest shall bear interest at the maximum rate of interest
permitted by applicable law.

      1.    Covenants. The Company covenants that so long as this Note shall be
            outstanding:

            (a) The Company shall maintain an office at 550 Greens Parkway,
      Suite 230, Houston, Texas 77067, or at such other place as the Company may
      designate by written notice given pursuant to the terms hereof, where
      notices, presentations and demands to or upon the Company in respect of
      this Note may be made or given.

            (b) The Company shall promptly cause to be paid and discharged all
      lawful taxes, assessments and governmental charges or levies imposed upon
      the Company or any subsidiary or upon the income and profits of, or upon
      any property belonging to the Company or any subsidiary before the same
      shall become in default, as well as all lawful claims for labor, materials
      and supplies which, if unpaid, might become a lien or charge upon such
      property or any part thereof; provided, however, that the Company shall
      not be required to cause to be paid and discharged any such tax,
      assessment, charge, levy or claim so long as the amount or validity
      thereof shall be contested in good faith by appropriate proceedings, and
      the Company or such subsidiary, as the case may he, shall set aside on its
      books reserves with respect thereto which the Company and the independent
      public accountants who are at the time employed to audit the books and
      accounts of the Company or such subsidiary consider adequate.

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            (c) The Company shall at all times cause its physical property and
      the physical property of its subsidiaries used or desirable in the conduct
      of the business of the Company or its subsidiaries to be maintained,
      preserved, protected and kept in good repair, working order and condition,
      and from time to time cause to be made all needful and proper repairs,
      replacements, betterments and improvements thereto, so that the business
      carried on in connection therewith may in the opinion of the Company be
      properly and advantageously conducted at all times; provided, however,
      that nothing in this Paragraph 1(c) shall require the Company or any
      subsidiary to maintain, preserve, protect or keep in good repair, working
      order or condition any physical property which, in the sole discretion of
      the Company, is obsolete or surplus or unfit for use or may not be used
      advantageously in the conduct of the business of the Company or such
      subsidiary, as the case may be.

            (d) The Company shall at all times keep, and cause each subsidiary
      to keep, true and complete books of record and accounts in accordance with
      generally accepted accounting principles and practices and file timely all
      required reports with the Securities and Exchange Commission.

            (e) The Company shall at all times cause to be done all things
      necessary to preserve and keep in full force and effect its corporate
      existence, rights, and franchises, and the corporate existences, rights
      and franchises of each subsidiary, and comply with and cause each
      subsidiary to comply with, all laws and governmental requirements
      applicable to the Company or such subsidiary; provided, however, that
      nothing in this Paragraph 1(e) shall (i) require the Company or any
      subsidiary to maintain, preserve or renew any right or franchise which in
      the opinion of the Board of Directors of the Company is not necessary or
      desirable in the conduct of the business of the Company or of such
      subsidiary, as the case may be; or (ii) prevent the termination of the
      corporate existence of any subsidiary if in the opinion of the Board of
      Directors of the Company such termination is in the best interest of the
      Company and not disadvantageous to the Payee; or (iii) prevent any
      consolidation or merger involving the Company or a subsidiary.

      2. Repayment of Principal upon Funding Event. Upon a "Funding Event,"
which shall be defined as receipt by Company of financing from a third party in
the amount of $300,000.00 or more, Company shall repay Principal to Payee in
cash out of that Funding Event. In addition, Payee will be paid any interest for
the term of the Note and will also be issued common stock in the company equal
to value of the Principal, based on the average of the lowest three closing bid
prices in past 20 trading days immediately preceding the Repayment Date.

      (a)   Piggy Back Registration Rights. The Shares issued to the Payee shall
            be entitled to "Piggy Back Registration Rights" pursuant to a
            registration of the Company's securities made effective during the
            term of this Note. Upon effectiveness of said Registration
            Statement, Payee's Shares shall be immediately registered and
            therefore eligible for trading under any and all restrictions that
            may apply.

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      (b)   The Payee is an "accredited investor" as defined under Rule 501
            under the Securities Act.

      (c)   The Payee acknowledges that the Shares have not been registered
            under the Securities Act or the securities laws of any state and are
            being offered pursuant to applicable exemptions from such
            registration for nonpublic offerings as "restricted securities" as
            defined by Rule 144 promulgated pursuant to the Securities Act. The
            Shares may not be resold in the absence of an effective registration
            thereof under the Securities Act and applicable state securities
            laws unless, in the opinion of the Company's counsel, an applicable
            exemption from registration is available.

      (d)   The Payee is acquiring the Shares for its own account, for
            investment purposes only and not with a view to, or for sale in
            connection with, a distribution, as that term is used in Section
            2(11) of the Securities Act, in a manner which would require
            registration under the Securities Act or any state securities laws.

      (e)   The Payee understands and acknowledges that the Shares will bear the
            following legend:

            THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
            REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE
            SECURITIES LAWS OF ANY STATE. THE SECURITIES HAVE BEEN ACQUIRED FOR
            INVESTMENT AND MAY NOT BE SOLD OR TRANSFERRED FOR VALUE IN THE
            ABSENCE OF AN EFFECTIVE REGISTRATION THEREOF UNDER THE SECURITIES
            ACT OF 1933 AND/OR THE SECURITIES ACT OF ANY STATE HAVING
            JURISDICTION OR AN OPINION OF COUNSEL ACCEPTABLE TO THE CORPORATION
            THAT SUCH REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR ACTS.

      (f)   The Payee acknowledges that an investment in the Shares is not
            liquid and is transferable only under limited conditions. The Payee
            acknowledges that such securities must be held indefinitely unless
            they are subsequently registered under the Securities Act or an
            exemption from such registration is available. The Payee is aware of
            the provisions of Rule 144 promulgated under the Securities Act,
            which permits limited resale of securities purchased in a private
            placement subject to the satisfaction of certain conditions and that
            such Rule is not now available and, in the future, may not become
            available for resale of the Shares.

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      (g)   Payee Sophistication and Ability to Bear Risk of Loss. The Payee
            acknowledges that it is able to protect its interests in connection
            with the acquisition of the Shares and can bear the economic risk of
            investment in such securities without producing a material adverse
            change in Payee's financial condition. The Payee otherwise has such
            knowledge and experience in financial or business matters that it is
            capable of evaluating the merits and risks of the investment in the
            Shares.

      (h)   Purchases by Groups. The Payee represents, warrants, and covenants
            that it is not acquiring the Shares as part of a group within the
            meaning of Section 13(d)(3) of the Securities Exchange Act of 1934,
            as amended.

      3. Conversion of Note.

            (a) In the event that a Funding Event does not occur and Company is
      unable to repay the Principal, the Payee may convert all or part of the
      remaining principal balance, plus accrued interest, of this Note into the
      common stock, par value $0001 per share, of the Company (the "Common
      Stock"). In the event of a conversion, the number of shares of the Common
      Stock to be issued shall be determined by dividing (i) the unpaid
      principal balance of this Note, plus any accrued interest by (ii) fifty
      percent (50%) of the average of the lowest three closing bid prices in
      past 20 trading days immediately preceding any such conversion. All such
      Common Stock conversions shall not exceed 4.99% of the then outstanding
      Common Stocks of the Company. If this Note is surrendered for conversion,
      it shall be duly endorsed, or be accompanied by a written instrument of
      transfer in a form satisfactory to the Company duly executed by the holder
      of this Note. For convenience, the conversion of all or a portion, as the
      case may be, of the principal, plus accrued interest, of this Note into
      the Common Stock is hereinafter sometimes referred to as the conversion of
      this Note. In the event that this Note is converted in part only, upon
      such conversion the Company shall execute and deliver to the Payee,
      without service charge, a new Note or Notes, of any authorized
      denomination or denominations as requested by the Payee, in aggregate
      principal amount equal to and in exchange for the unconverted portion of
      the principal and accrued interest of the Note so surrendered.

            (b) As promptly as practicable after the surrender, as herein
      provided, of this Note or portion thereof in proper form for conversion,
      the Company shall deliver a certificate or certificates representing the
      number of fully paid and nonassessable shares of the Common Stock into
      which this Note (or portion thereof) may be converted in accordance with
      the provisions of this Note. Subject to the following provisions of this
      Paragraph 3, such conversion shall be deemed to have been made immediately
      prior to the close of business on the date that this Note or portion
      thereof shall have been surrendered for conversion, accompanied by written
      notice, so that the rights of the Payee as holders thereof shall cease
      with respect to this Note (or the portion thereof being converted) at such
      time, and the person or persons entitled to receive the shares of the
      Common Stock upon conversion of this Note or portion thereof shall be
      treated for all purposes as having become the record holder of such shares
      of the Common Stock at such time. Provided, however, that no such
      surrender on any date when the stock transfer books of the Company shall
      be closed shall be effective to constitute the person or persons entitled
      to receive the shares of the Common Stock upon such conversion as the
      record holder or holders of such shares of the Common Stock on such date,
      but such surrender shall be effective to constitute the person or persons
      entitled to receive such shares of the Common Stock as the record holder
      or holders thereof for all purposes immediately prior to the close of the
      business on the next succeeding day on which such stock transfer books are
      open.

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<PAGE>

            (c) No fractional shares or scrip representing fractional shares
      shall be issued upon the conversion of this Note. If more than one Note
      shall be surrendered for conversion at one time by the Payee, the number
      of full shares issuable upon conversion thereof shall be computed on the
      outstanding shares of the Common Stock, or in case of any sale or
      conveyance to another corporation of the property of the Company as an
      entirety or substantially as an entirety, the Payee shall have the right
      thereafter to convert this Note into the kind and amount of shares of
      stock of the Company or of such successor or purchasing corporation and
      other securities and property receivable upon such reclassification,
      change, consolidation, merger, sale, or conveyance by the Payee of the
      number of shares of Common Stock into which this Note might have been
      converted immediately prior to such reclassification, change,
      consolidation, merger, sale or conveyance. The provisions of this
      paragraph shall similarly apply to successive reclassifications, changes,
      consolidations, mergers, sales, or conveyances.

            (e) The Company covenants that it will at times reserve and keep
      available out of its authorized Common Stock solely for the purpose of
      issue upon conversion of this Note as herein provided, such number of
      shares of the Common Stock as shall then be issuable upon the conversion
      of unpaid balance, including accrued interest, of this Note. The Company
      covenants that a]l shares of the Common Stock which shall be so issuable
      shall, when issued, be duly and validly issued and fully paid and
      nonassessable.

            (f) The Company covenants that upon conversion of this Note as
      herein provided, there will be credited to the Common Stock stated capital
      from the consideration for which the shares of the Common Stock issuable
      upon such conversion are issued an amount per share of the Common Stock so
      issued as determined by the Board of Directors, which amount shall not be
      less than the amount required by law and by the Company's Articles of
      Incorporation, as amended, as in effect on the date of such conversion.
      For the purposes of this covenant, the principal amount of the Note
      converted, less the amount of cash paid in lieu of the issuance of
      fractional shares of such conversion, shall be deemed to be the amount of
      consideration for which the shares of the Common Stock issuable upon such
      conversion are issued.

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<PAGE>

            (g) The issuance of certificates for shares of the Common Stock upon
      the conversion of this Note shall be made without charge to the Payee so
      converting for any tax in respect of the issuance of such certificates,
      and such certificates shall be issued in the name of, or in such names as
      may be directed by, the Payee; provided, however, that the Company shall
      not be required to pay any tax which may be payable in respect of any
      transfer involved in the issuance and delivery of any such certificate in
      the name other than that of the Payee, and the Company shall not be
      required to issue or deliver such certificates unless or until the person
      or persons requesting the issuance thereof shall have paid to the Company
      the amount of such tax or shall have established to the satisfaction of
      the Company that such tax has been paid.

      4. Events of Default.

            (a) If any one or more of the following events (herein individually
      referred to as an "Event of Default") shall have occurred for any reason
      and shall be continuing at the time of any notice thereof from the Payee:

                  (i) Default shall be made in the due observance and
            performance of any covenant, agreement or condition in this Note
            (including the payment of any interest or principal) and such
            default shall continue for a period of 30 days after written notice
            thereof to the Company by the Payee; or

                  (ii) The Company shall:

                        (1) Admit in writing its inability to pay its debts
                  generally as they become due;

                        (2) File a petition in bankruptcy or a petition to take
                  advantage of any insolvency act;

                        (3) Make an assignment for the benefit of its creditors;

                        (4) Consent to the appointment of a receiver of itself
                  or of the whole or any substantial part of its property; or

                        (5) On a petition in bankruptcy filed against it, be
                  adjudicated a bankrupt;

                  (iii) The Company or any subsidiary shall file a petition or
            answer seeking reorganization or arrangement under the federal
            bankruptcy laws or any other applicable law or statute of the United
            States of America or any state or district or territory thereof; or

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<PAGE>

                  (iv) A court of competent jurisdiction shall enter an order,
            judgment or decree appointing, without the consent of the Company or
            such subsidiary, a receiver of the Company or any of its
            subsidiaries or of the whole or any substantial part of its
            property, or approving a petition filed against the Company or any
            of its subsidiaries seeking reorganization or arrangement under the
            federal bankruptcy laws or any other applicable law or statute of
            the United States of America or any state or district or territory
            thereof, and such order, judgment or decree shall not be vacated or
            set aside or stayed within 60 days from the date of the entry
            thereof; or

                  (v) Under the provisions of any other law for the relief or
            aid of debtors, any court of competent jurisdiction shall assume
            custody or control of the Company or any of its subsidiaries or of
            the whole or any substantial part of its property, and such custody
            or control shall not be terminated or stayed within 60 days from the
            date of assumption of such custody or control;

      then, at the option of the Payee, this Note shall thereupon become and be
      due and payable, without any other presentment, demand, protest or notice
      of any kind, all of which are hereby expressly waived.

            (b) If any event shall occur that constitutes, or after continuance
      for a specified period would constitute, an Event of Default under this
      Paragraph 4, or if the holder of this Note shall demand payment or take
      any other action permitted upon the occurrence of any such event, the
      Company will at once give notice to all Payee, specifying the nature of
      such event or of such demand or action, as the case may be.

            (c) In case any one or more of the Events of Default specified above
      in this Paragraph 4 shall have happened and be continuing, the holder of
      this Note may proceed to protect and enforce its rights either by suit in
      equity and/or by action at law, or by other appropriate proceeding,
      whether for the specific performance (to the extent permitted by law) of
      any covenant or agreement contained in this Note or in aid of the exercise
      of any power granted in this Note, or proceed to enforce the payment of
      this Note or to enforce any other legal or equitable right of the holder
      of this Note.

            (d) No remedy herein contained on the holder hereof is intended to
      be exclusive of any other remedy and each and every such remedy shall be
      cumulative and shall be in addition to every other remedy given hereunder
      or now or hereafter existing at law or in equity or by statute or
      otherwise.

      5. Miscellaneous.

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            (a) No Sinking Fund. The Company is not required to establish any
      sinking fund with respect to this Note.

            (b) Collection Fees. In the event of default hereunder and if this
      Note is placed in the hands of an attorney for collection (whether or not
      suit is filed) or if this Note is collected by suit or legal proceedings
      or through bankruptcy proceedings, the Company agrees to pay in addition
      to all sums then due hereon, including principal and interest, all
      reasonable expenses of collection including reasonable attorneys' fees.

            (c) Registered Owner Transfer. The Company and any agent of the
      Company may treat the person whose name appears above as the absolute
      owner hereof for the purpose of receiving payment of, or on account of,
      the principal or interest due hereon and for all other purposes, and
      neither the Company nor any such agent shall be affected by notice to the
      contrary. Subject to compliance with applicable federal and state
      securities laws, this Note is transferable only on the books of the
      Company by the registered holder in person or by attorney on surrender of
      this Note properly endorsed.

            (d) No Recourse. This Note is the obligation of the Company only,
      and no recourse shall be had for the payment hereof or the interest hereon
      against any incorporator, shareholder, director or officer as such
      (whether past, present or future) of the Company or any successor entity
      whether by virtue of any constitution, statute or rule of law or equity,
      or by the enforcement of any assessment or penalty, or otherwise, all such
      liability of the incorporators, shareholders, directors and officers as
      such being expressly waived and released by the holder hereof by the
      acceptance of this Note.

            (e) Successor Entity. The Company may not consolidate with or merge
      into, or transfer all or substantially all of its assets to, another
      corporation unless the successor corporation assumes all of the
      obligations of the Company under this Note and immediately after the
      transaction no default exists with respect to this Note. Thereafter, all
      such obligations of the Company shall terminate.

            (f) Maximum Rate of Interest. Notwithstanding any provisions to the
      contrary in this Note or in any of the documents relating hereto, in no
      event shall this Note or such documents require the payment or permit the
      collection of interest in excess of the maximum amount permitted by the
      laws of the State of Florida. If any such excess of interest is contracted
      for, charged or received under this Note or under the terms of any of the
      documents relating hereto, or in the event the maturity of the
      indebtedness evidenced by this Note is accelerated in whole or in part, or
      in the event that all or part of the principal or interest of this Note
      shall be prepaid, so that under any of such circumstances the amount of
      interest contracted for, charged or received under this Note or under any
      of the documents relating hereto, on the amount of principal actually
      outstanding from time to time under this Note shall exceed the maximum
      amount of interest permitted by the laws of the State of Florida, then in
      any such event:

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                  (i) The provisions of this Paragraph 5(f) shall govern and
            control;

                  (ii) Neither the Company nor any other person or entity now or
            hereafter liable for the payment hereof, shall be obligated to pay
            the amount of such interest to the extent that it is in excess of
            the maximum amount of interest permitted by the laws of the State of
            Florida;

                  (iii) Any such excess which may have been collected shall be
            either applied as a credit against the then unpaid principal amount
            hereof or refunding to the Company, at the holder's option; and

                  (iv) The effective rate of interest shall be automatically
            reduced to the maximum lawful rate of interest allowed under the
            laws of the State of Florida as now or hereafter construed by the
            courts having jurisdiction thereof,

            (g) Rate of Interest. It is further agreed that without limitation
      of the foregoing, all calculations of the rate of interest contracted for,
      charged or received under this Note or under such other documents which
      are made for the purpose of determining whether such rate exceeds the
      maximum lawful rate of interest, shall be made, to the extent permitted by
      the laws of the State of Florida, by amortizing, prorating, allocating and
      spreading during the period of the full stated term of the indebtedness
      evidenced hereby, all interest at any time contracted for, charged or
      received from the Company or otherwise by the holder or holders hereof in
      connection with such indebtedness.

            Issued this 12th day of March, 2006.

                                                 THE JACKSON RIVERS COMPANY

                                                 By ____________________________
                                                     Jeffrey W. Flannery, CEO

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