Document:

EXHIBIT
        10.3

    

     

    NEITHER
      THESE WARRANTS NOR THE COMMON STOCK ISSUABLE UPON EXERCISE OF THESE WARRANTS
      HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
      OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, PLEDGED OR
      TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH
      SECURITIES UNDER THE ACT OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION IS
      AVAILABLE.

    
 

    
      	800,000 Warrants	 	
              April
                1, 2006

            
	 	 	 

    

     

    

    CENTERSTAGING
      CORP.

    

    $1.00
      WARRANTS

    

    

    

    CenterStaging
      Corp., a Delaware corporation (“CNSC”),
      certifies that, for value received, Trilogy Capital Partners, Inc.
      (“Trilogy”),
      or
      registered assigns (the “Holder”),
      is
      the owner of Eight Hundred Thousand (800,000) Warrants of CNSC (the
“Warrants”).
      Each
      Warrant entitles the Holder to purchase from CNSC at any time prior to the
      Expiration Date (as defined below) one share of the common stock of CNSC (the
      “Common
      Stock”)
      for
      $1.00 per share (the “Exercise
      Price”),
      on
      the terms and conditions hereinafter provided. The Exercise Price and the number
      of shares of Common Stock purchasable upon exercise of each Warrant are subject
      to adjustment as provided in this Certificate. 

     

    1. Vesting;
      Expiration Date; Exercise

     

    1.1 
      Vesting.
      The Warrants shall vest and become exercisable as of the date of this
      Certificate.

     

    1.2 Expiration
      Date. The Warrants shall expire on March 31, 2009 (the “Expiration
      Date”).

     

    1.3 Manner
      of
      Exercise. The Warrants are exercisable by delivery to CNSC of the following
      (the
“Exercise
      Documents”):
      (a)
      this Certificate (b) a written notice of election to exercise the Warrants;
      and
      (c) payment of the Exercise Price in cash, by check or by “net” exercise as
      contemplated by Section 1.4 of this Certificate. Within three business days
      following receipt of the foregoing, CNSC shall execute and deliver to the
      Holder: (a) a certificate or certificates representing the aggregate number
      of
      shares of Common Stock purchased by the Holder, and (b) if less than all of
      the
      Warrants evidenced by this Certificate are exercised, a new certificate
      evidencing the Warrants not so exercised.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1.4 Net
      Exercise. In lieu of the payment methods set forth in Section 1.3 above,
      the Holder may elect to exchange all or some of the Warrant for the number
      of
      shares of Common Stock computed using the following formula:

     

    X
      =
Y
      (A-B)

    A

     

    Where
      X =
      the number of shares of Common Stock to be issued to Holder.

     

    Y
      = the
      number of shares of Common Stock purchasable under the Warrants being exchanged
      (as adjusted to the date of such calculation).

     

    A
      = the
      Market Price on the date of receipt by CNSC of the Exercise
      Documents.

     

    B
      = the
      Exercise Price of the Warrants being exchanged (as adjusted in accordance with
      the terms of Section 2 hereof).

     

    The
      “Market
      Price”
on
      any
      trading day shall be deemed to be the last reported sale price of the Common
      Stock on such day, or, in the case no such reported sales take place on such
      day, the last reported sale price on the preceding trading day on which there
      was a last reported sales price, as officially reported by the principal
      securities exchange in which the shares of Common Stock are listed or admitted
      to trading or by the Nasdaq Stock Market, or if the Common Stock is not listed
      or admitted to trading on any national securities exchange or the Nasdaq Stock
      Market, the last sale price, or if there is no last sale price, the closing
      bid
      price, as furnished by the National Association of Securities Dealers, Inc.
      (such as through the OTC Bulletin Board) or a similar organization if Nasdaq
      is
      no longer reporting such information. If the Market Price cannot be determined
      pursuant to the sentence above, the Market Price shall be determined in good
      faith (using customary valuation methods) by the Board of Directors of CNSC
      based on the information best available to it, including recent arms-length
      sales of Common Stock to unaffiliated persons.

     

    1.5 Restriction
      on “Net” Exercise. Notwithstanding any other provision of this Certificate,
      Holder shall only be permitted to effect a “net” exercise of the Warrants if on
      the date of exercise (a) the Holder has not been provided an opportunity to
      include the shares of Common Stock issuable upon exercise of the Warrants in
      a
      Registration Statement pursuant to Section 9.2; or (b) (i) the Holder has been
      provided an opportunity to include the shares of Common Stock issuable upon
      the
      exercise of the Warrants in a Registration Statement pursuant to Section 9.2,
      (ii) Holder has notified the Company that it wishes to include such shares
      in
      such Registration Statement, and (iii) Holder is not then permitted to sell
      the
      shares underlying the Warrants pursuant to such Registration
      Statement.

     

    1.6
      Warrant Exercise Limitation. Notwithstanding any other provision of this
      Agreement, if as of the date of exercise CNSC has a class of securities
      registered under Section 12 of the Securities Exchange Act of 1934, as
      amended, Holder may not exercise Warrants under this Section 1 to the
      extent that immediately following such exercise Holder would beneficially own
      5%
      or more of the outstanding Common Stock of CNSC. For this purpose, a
      representation of the Holder that following such exercise it would not
      beneficially own 5% or more of the outstanding Common Stock of CNSC shall be
      conclusive and binding upon CNSC.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2. Adjustments
      of Exercise Price and Number and Kind of Conversion Shares

     

    2.1 In
      the
      event that CNSC shall at any time hereafter (a) pay a dividend in Common Stock
      or securities convertible into Common Stock; (b) subdivide or split its
      outstanding Common Stock; (c) combine its outstanding Common Stock into a
      smaller number of shares; then the number of shares to be issued immediately
      after the occurrence of any such event shall be adjusted so that the Holder
      thereafter may receive the number of shares of Common Stock it would have owned
      immediately following such action if it had exercised the Warrants immediately
      prior to such action and the Exercise Price shall be adjusted to reflect such
      proportionate increases or decreases in the number of shares.

     

    2.2 In
      case
      of any reclassification of the outstanding shares of Common Stock (other than
      a
      change covered by Section 2.1 hereof or a change which solely affects the par
      value of such shares) or in the case of any merger or consolidation or merger
      in
      which CNSC is not the continuing corporation and which results in any
      reclassification or capital reorganization of the outstanding shares), the
      Holder shall have the right thereafter (until the Expiration Date) to receive
      upon the exercise hereof, for the same aggregate Exercise Price payable
      hereunder immediately prior to such event, the kind and amount of shares of
      stock or other securities or property receivable upon such reclassification,
      capital reorganization, merger or consolidation, by a Holder of the number
      of
      shares of Common Stock obtainable upon the exercise of the Warrants immediately
      prior to such event; and if any reclassification also results in a change in
      shares covered by Section 2.1, then such adjustment shall be made pursuant
      to both this Section 2.2 and Section 2.1 (without duplication). The
      provisions of this Section 2.2 shall similarly apply to successive
      reclassifications, capital reorganizations and mergers or consolidations, sales
      or other transfers.

     

    3. Reservation
      of Shares. CNSC
      shall at all times reserve and keep available out of its authorized but unissued
      shares of Common Stock, such number of shares of Common Stock as shall from
      time
      to time be issuable upon exercise of the Warrants. If at any time the number
      of
      authorized but unissued shares of Common Stock shall not be sufficient to permit
      the exercise of the Warrants, CNSC shall promptly seek such corporate action
      as
      may necessary to increase its authorized but unissued shares of Common Stock
      to
      such number of shares as shall be sufficient for such purpose.

     

    4. Certificate
      as to Adjustments. In
      each
      case of any adjustment in the Exercise Price, or number or type of shares
      issuable upon exercise of these Warrants, the Chief Financial Officer of CNSC
      shall compute such adjustment in accordance with the terms of these Warrants
      and
      prepare a certificate setting forth such adjustment and showing in detail the
      facts upon which such adjustment is based, including a statement of the adjusted
      Exercise Price. CNSC shall promptly send (by facsimile and by either first
      class
      mail, postage prepaid or overnight delivery) a copy of each such certificate
      to
      the Holder.

     

    5. Loss
      or Mutilation. Upon
      receipt of evidence reasonably satisfactory to CNSC of the ownership of and
      the
      loss, theft, destruction or mutilation of this Certificate, and of indemnity
      reasonably satisfactory to it, and (in the case of mutilation) upon surrender
      and cancellation of these Warrants, CNSC will execute and deliver in lieu
      thereof a new Certificate of like tenor as the lost, stolen, destroyed or
      mutilated Certificate.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    6. Representations
      and Warranties of CNSC. CNSC
      hereby represents and warrants to Holder that:

     

    6.1 Due
      Authorization. All corporate action on the part of CNSC, its officers, directors
      and shareholders necessary for (a) the authorization, execution and delivery
      of,
      and the performance of all obligations of CNSC under, these Warrants, and (b)
      the authorization, issuance, reservation for issuance and delivery of all of
      the
      Common Stock issuable upon exercise of these Warrants, has been duly taken.
      These Warrants constitute a valid and binding obligation of CNSC enforceable
      in
      accordance with their terms, subject, as to enforcement of remedies, to
      applicable bankruptcy, insolvency, moratorium, reorganization and similar laws
      affecting creditors’ rights generally and to general equitable
      principles.

     

    6.2 Organization.
      CNSC is a corporation duly organized, validly existing and in good standing
      under the laws of the State referenced in the first paragraph of this
      Certificate and has all requisite corporate power to own, lease and operate
      its
      property and to carry on its business as now being conducted and as currently
      proposed to be conducted.

     

    6.3 Valid
      Issuance of Stock. Any shares of Common Stock issued upon exercise of these
      Warrants will be duly and validly issued, fully paid and
      non-assessable.

     

    6.4 Governmental
      Consents. All consents, approvals, orders, authorizations or registrations,
      qualifications, declarations or filings with any federal or state governmental
      authority on the part of CNSC required in connection with the consummation
      of
      the transactions contemplated herein have been obtained.

     

    7. Representations
      and Warranties of Trilogy.
      Trilogy
      hereby represents and warrants to CNSC that:

     

    7.1 Trilogy
      is acquiring the Warrants for its own account, for investment purposes
      only.

     

    7.2 Trilogy
      understands that an investment in the Warrants involves a high degree of risk,
      and Trilogy has the financial ability to bear the economic risk of this
      investment in the Warrants, including a complete loss of such investment.
      Trilogy has adequate means for providing for its current financial needs and
      has
      no need for liquidity with respect to this investment.

     

    7.3 Trilogy
      has such knowledge and experience in financial and business matters that it
      is
      capable of evaluating the merits and risks of an investment in the Warrants
      and
      in protecting its own interest in connection with this transaction.

     

    7.4 Trilogy
      understands that the Warrants have not been registered under the Securities
      Act
      of 1933, as amended (the “Securities
      Act”)
      or
      under any state securities laws. Trilogy is familiar with the provisions of
      the
      Securities Act and Rule 144 thereunder and understands that the restrictions
      on
      transfer on the Warrants may result in Trilogy being required to hold the
      Warrants for an indefinite period of time.

     

    7.5 Trilogy
      agrees not to sell, transfer, assign, gift, create a security interest in,
      or
      otherwise dispose of, with or without consideration (collectively, “Transfer”)
      any of
      the Warrants except pursuant to an effective registration statement under the
      Securities Act or an exemption from registration. As a further condition to
      any
      such Transfer, except in the event that such Transfer is made pursuant to an
      effective registration statement under the Securities Act, if in the reasonable
      opinion of counsel to CNSC any Transfer of the Warrants by the contemplated
      transferee thereof would not be exempt from the registration and prospectus
      delivery requirements of the Securities Act, CNSC may require the contemplated
      transferee to furnish CNSC with an investment letter setting forth such
      information and agreements as may be reasonably requested by CNSC to ensure
      compliance by such transferee with the Securities Act.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8. Notices
      of Record Date

     

    In
      the
      event:

     

    8.1 CNSC
      shall take a record of the holders of its Common Stock (or other stock or
      securities at the time receivable upon the exercise of these Warrants), for
      the
      purpose of entitling them to receive any dividend or other distribution, or
      any
      right to subscribe for or purchase any shares of stock of any class or any
      other
      securities or to receive any other right; or

     

    8.2 of
      any
      consolidation or merger of CNSC with or into another corporation, any capital
      reorganization of CNSC, any reclassification of the capital stock of CNSC,
      or
      any conveyance of all or substantially all of the assets of CNSC to another
      corporation in which holders of CNSC’s stock are to receive stock, securities or
      property of another corporation; or

     

    8.3 of
      any
      voluntary dissolution, liquidation or winding-up of CNSC; or

     

    8.4 of
      any
      redemption or conversion of all outstanding Common Stock;

     

    then,
      and
      in each such case, CNSC will mail or cause to be mailed to the Holder a notice
      specifying, as the case may be, (a) the date on which a record is to be taken
      for the purpose of such dividend, distribution or right, or (b) the date on
      which such reorganization, reclassification, consolidation, merger, conveyance,
      dissolution, liquidation, winding-up, redemption or conversion is to take place,
      and the time, if any is to be fixed, as of which the holders of record of Common
      Stock (or such stock or securities as at the time are receivable upon the
      exercise of these Warrants), shall be entitled to exchange their shares of
      Common Stock (or such other stock or securities), for securities or other
      property deliverable upon such reorganization, reclassification, consolidation,
      merger, conveyance, dissolution, liquidation or winding-up. CNSC shall use
      all
      reasonable efforts to ensure such notice shall be delivered at least 15 days
      prior to the date therein specified. 

     

    9. Registration
      Rights.
      

     

    9.1 Definitions.
      For purposes of this Section 9, the following terms shall have the meanings
      set
      forth below:

     

    9.1.1 A
      “Blackout
      Event”
means
      any of the following: (a) the possession by CNSC of material information that
      is
      not ripe for disclosure in a registration statement or prospectus, as determined
      reasonably and in good faith by the Chief Executive Officer or the Board of
      Directors of CNSC that disclosure of such information in the Registration
      Statement or the prospectus constituting a part thereof would be materially
      detrimental to the business and affairs of CNSC; or (b) any material engagement
      or activity by CNSC which would, in the reasonable and good faith determination
      of the Chief Executive Officer or the Board of Directors of CNSC, be materially
      adversely affected by disclosure in a registration statement or prospectus
      at
      such time. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.1.2 “Exchange
      Act”
shall
      mean the Securities Exchange Act of 1934, as amended.

     

    9.1.3 “Included
      Shares”
shall
      mean any Registrable Shares included in a Registration.

     

    9.1.4 “Registrable
      Shares”
shall
      mean the shares of Common Stock (or such stock or securities as at the time
      are
      receivable upon the exercise of these Warrants) issuable upon exercise of the
      Warrants and any other warrants and or other securities issued to Trilogy in
      connection with performing investor relations services for CNSC, and shares
      or
      securities issued as a result of stock split, stock dividend or reclassification
      of such shares.

     

    9.1.5 “Registration”
shall
      mean a registration of securities under the Securities Act pursuant to Section
      9.2 or 9.3 of this Agreement. 

     

    9.1.6 “Registration
      Period”
with
      respect to any Registration Statement the period commencing the effective date
      of the Registration Statement and ending upon withdrawal or termination of
      the
      Registration Statement.

     

    9.1.7 “Registration
      Statement”
shall
      mean the registration statement, as amended from time to time, filed with the
      SEC in connection with a Registration. 

     

    9.1.8 “SEC”
shall
      mean the Securities and Exchange Commission.

     

    9.2 
      Piggyback Registration. Unless the Registrable Shares are then included in
      a
      Registration Statement or can be sold under the provisions of Rule 144 without
      limitation as to volume, whether pursuant to Rule 144(k) or otherwise, if CNSC
      shall determine to register any Common Stock under the Securities Act for sale
      in connection with a public offering of Common Stock (other than pursuant to
      an
      employee benefit plan or a merger, acquisition or similar transaction), CNSC
      will give written notice thereof to Holder and will include in such Registration
      Statement any of the Registrable Shares which Holder may request be included
      (“Included
      Shares”)
      by a
      writing delivered to CNSC within 15 days after the notice given by CNSC to
      Holder; provided, however, that if the offering is to be firmly underwritten,
      and the representative of the underwriters of the offering refuse in writing
      to
      include in the offering all of the shares of Common Stock requested by CNSC
      and
      others, the shares to be included shall be allocated first to CNSC and any
      shareholder who initiated such Registration and then among the others based
      on
      the respective number of shares of Common Stock held by such persons. If CNSC
      decides not to, and does not, file a Registration Statement with respect to
      such
      Registration, or after filing determines to withdraw the same before the
      effective date thereof, CNSC will promptly so inform Holder, and CNSC will
      not
      be obligated to complete the registration of the Included Shares included
      therein. 

     

    9.3 
      Certain
      Covenants. In connection with any Registration: 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.3.1 CNSC
      shall take all lawful action such that the Registration Statement, any amendment
      thereto and the prospectus forming a part thereof does not contain an untrue
      statement of a material fact or omit to state a material fact required to be
      stated therein or necessary to make the statements therein, in light of the
      circumstances under which they are made, not misleading. Upon becoming aware
      of
      the occurrence of any event or the discovery of any facts during the
      Registration Period that make any statement of a material fact made in the
      Registration Statement or the related prospectus untrue in any material respect
      or which material fact is omitted from the Registration Statement or related
      prospectus that requires the making of any changes in the Registration Statement
      or related prospectus so that it will not contain any untrue statement of a
      material fact or omit to state a material fact necessary to make the statements
      therein, in light of the circumstances under which they are made, not misleading
      (taking into account any prior amendments or supplements), CNSC shall promptly
      notify Holder, and, subject to the provisions of Section 9.5, as soon as
      reasonably practicable prepare (but, subject to Section 9.5, in no event more
      than five business days in the case of a supplement or seven business days
      in
      the case of a post-effective amendment) and file with the SEC a supplement
      or
      post-effective amendment to the Registration Statement or the related prospectus
      or file any other required document so that, as thereafter delivered to a
      purchaser of Shares from Holder, such prospectus will not contain any untrue
      statement of a material fact or omit to state a material fact necessary to
      make
      the statements therein, in light of the circumstances under which they were
      made, not misleading.

     

    9.3.2 At
      least
      three business days prior to the filing with the SEC of the Registration
      Statement (or any amendment thereto) or the prospectus forming a part thereof
      (or any supplement thereto), CNSC shall provide draft copies thereof to Holder
      and shall consider incorporating into such documents such comments as Holder
      (and its counsel) may propose to be incorporated therein. Notwithstanding the
      foregoing, no prospectus supplement, the form of which has previously been
      provided to Holder, need be delivered in draft form to Holder.

     

    9.3.3 CNSC
      shall promptly notify Holder upon the occurrence of any of the following events
      in respect of the Registration Statement or the prospectus forming a part
      thereof: (a) the receipt of any request for additional information from the
      SEC
      or any other federal or state governmental authority, the response to which
      would require any amendments or supplements to the Registration Statement or
      related prospectus; (b) the issuance by the SEC or any other federal or state
      governmental authority of any stop order suspending the effectiveness of the
      Registration Statement or the initiation of any proceedings for that purpose;
      or
      (c) the receipt of any notification with respect to the suspension of the
      qualification or exemption from qualification of any of the Shares for sale
      in
      any jurisdiction or the initiation or threatening of any proceeding for such
      purpose.

     

    9.3.4 CNSC
      shall furnish to Holder with respect to the Included Shares registered under
      the
      Registration Statement (and to each underwriter, if any, of such Shares) such
      number of copies of prospectuses and such other documents as Holder may
      reasonably request, in order to facilitate the public sale or other disposition
      of all or any of the Included Shares by Holder pursuant to the Registration
      Statement.

     

    9.3.5 In
      connection with any registration pursuant to Section 9.2, CNSC shall file or
      cause to be filed such documents as are required to be filed by CNSC for normal
      Blue Sky clearance in states specified in writing by Holder; provided,
      however,
      that
      CNSC shall not be required to qualify to do business or consent to service
      of
      process in any jurisdiction in which it is not now so qualified or has not
      so
      consented.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.3.6 CNSC
      shall bear and pay all expenses incurred by it and Holder (other than
      underwriting discounts, brokerage fees and commissions, and fees and expenses
      of
      more than one law firm) in connection with the registration of the Shares
      pursuant to the Registration Statement. 

     

    9.3.7 As
      a
      condition to including Registrable Shares in a Registration Statement, Holder
      must provide to CNSC such information regarding itself, the Registrable Shares
      held by it and the intended method of distribution of such Shares as shall
      be
      required to effect the registration of the Registrable Shares and, if the
      offering is being underwritten, Holder must provide such powers of attorney,
      indemnities and other documents as may be reasonably requested by the managing
      underwriter.

     

    9.3.8 Following
      the effectiveness of the Registration Statement, upon receipt from CNSC of
      a
      notice that the Registration Statement contains an untrue statement of material
      fact or omits to state any material fact required to be stated therein or
      necessary to make the statements therein not misleading in light of the
      circumstances under which they were made, Holder will immediately discontinue
      disposition of Included Shares pursuant to the Registration Statement until
      CNSC
      notifies Holder that it may resume sales of Included Shares and, if necessary,
      provides to Holder copies of the supplemental or amended prospectus.

     

    9.4 
      Blackout
      Event. CNSC shall not be obligated to file a post-effective amendment or
      supplement to the Registration Statement or the prospectus constituting a part
      thereof during the continuance of a Blackout Event; provided, however, that
      no
      Blackout Event may be deemed to exist for more than 60 days. Without the express
      written consent of Holder, if required to permit the continued sale of Shares
      by
      Holder, a post-effective amendment or supplement to Registration Statement
      or
      the prospectus constituting a part thereof must be filed no later than the
      61st
      day
      following commencement of a Blackout Event.

     

    9.5 
      Rule
      144. With a view to making available to Holder the benefits of Rule 144, CNSC
      agrees, until such time as Holder can sell all remaining Registrable Shares
      under the provisions Rule 144(k), to:

     

    9.5.1.1 comply
      with the provisions of paragraph (c)(1) of Rule 144; and

     

    9.5.1.2 file
      with
      the SEC in a timely manner all reports and other documents required to be filed
      by CNSC pursuant to Section 13 or 15(d) under the Exchange Act; and, if at
      any
      time it is not required to file such reports but in the past had been required
      to or did file such reports, it will, upon the request of a Purchaser, make
      available other information as required by, and so long as necessary to permit
      sales of its Shares pursuant to, Rule 144.

     

    9.6 
      CNSC
      Indemnification. CNSC agrees to indemnify and hold harmless Holder, and its
      officers, directors and agents (including broker or underwriter selling Included
      Shares for Holder), and each person, if any, who controls Holder within the
      meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act
      from and against any and all losses, claims, damages and liabilities caused
      by
      (a) any violation or alleged violation by CNSC of the Securities Act, Exchange
      Act, any state securities laws or any rule or regulation promulgated under
      the
      Securities Act, Exchange Act or any state securities laws, (b) any untrue
      statement or alleged untrue statement of a material fact contained in any
      registration statement or prospectus relating to the Included Shares (as amended
      or supplemented if CNSC shall have furnished any amendments or supplements
      thereto) or any preliminary prospectus, or (c) caused by any omission or alleged
      omission to state therein a material fact required to be stated therein or
      necessary to make the statements therein not misleading in light of the
      circumstances under which they were made, except insofar as such losses, claims,
      damages or liabilities are caused by any such untrue statement or omission
      or
      alleged untrue statement or omission based upon information furnished in writing
      to CNSC by Holder or on Holder’s behalf expressly for use therein.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.7 
      Holder
      Indemnification. Holder agrees to indemnify and hold harmless CNSC, its
      officers, directors and agents and each person, if any, who controls CNSC within
      the meaning of either Section 15 of the Securities Act or Section 20 of the
      Exchange Act to the same extent as the foregoing indemnity from CNSC to Holder,
      but only with respect to information furnished in writing by Holder or on
      Holder’s behalf expressly for use in any registration statement or prospectus
      relating to the Registrable Shares, or any amendment or supplement thereto,
      or
      any preliminary prospectus. 

     

    9.8 
      Indemnification Procedures. In case any proceeding (including any governmental
      investigation) shall be instituted involving any person in respect of which
      indemnity may be sought pursuant to this Section 9, such person (an
“Indemnified
      Party”)
      shall
      promptly notify the person against whom such indemnity may be sought (the
“Indemnifying
      Party”)
      in
      writing and the Indemnifying Party shall assume the defense thereof, including
      the employment of counsel reasonably satisfactory to such Indemnified Party,
      and
      shall assume the payment of all fees and expenses; provided that the failure
      of
      any Indemnified Party so to notify the Indemnifying Party shall not relieve
      the
      Indemnifying Party of its obligations hereunder except to the extent (and only
      to the extent that) that the Indemnifying Party is materially prejudiced by
      such
      failure to notify. In any such proceeding, any Indemnified Party shall have
      the
      right to retain its own counsel, but the fees and expenses of such counsel
      shall
      be at the expense of such Indemnified Party unless (a) the Indemnifying Party
      and the Indemnified Party shall have mutually agreed to the retention of such
      counsel or (b) in the reasonable judgment of such Indemnified Party
      representation of both parties by the same counsel would be inappropriate due
      to
      actual or potential differing interests between them. It is understood that
      the
      Indemnifying Party shall not, in connection with any proceeding or related
      proceedings in the same jurisdiction, be liable for the reasonable fees and
      expenses of more than one separate firm of attorneys (in addition to any local
      counsel) at any time for all such Indemnified Parties (including in the case
      of
      Holder, all of its officers, directors and controlling persons) and that all
      such fees and expenses shall be reimbursed as they are incurred. In the case
      of
      any such separate firm for the Indemnified Parties, the Indemnified Parties
      shall designate such firm in writing to the Indemnifying Party. The Indemnifying
      Party shall not be liable for any settlement of any proceeding effected without
      its written consent (which consent shall not be unreasonably withheld or
      delayed), but if settled with such consent, or if there be a final judgment
      for
      the plaintiff, the Indemnifying Party shall indemnify and hold harmless such
      Indemnified Parties from and against any loss or liability (to the extent stated
      above) by reason of such settlement or judgment. No Indemnifying Party shall,
      without the prior written consent of the Indemnified Party, effect any
      settlement of any pending or threatened proceeding in respect of which any
      Indemnified Party is or could have been a party and indemnity could have been
      sought hereunder by such Indemnified Party, unless such settlement includes
      an
      unconditional release of such Indemnified Party from all liability arising
      out
      of such proceeding.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.9 Contribution.
      To the extent any indemnification by an Indemnifying Party is prohibited or
      limited by law, the Indemnifying Party agrees to make the maximum contribution
      with respect to any amounts for which, he, she or it would otherwise be liable
      under this Section 9 to the fullest extent permitted by law; provided, however,
      that (a) no contribution shall be made under circumstances where a party would
      not have been liable for indemnification under this Section 9 and (b) no seller
      of Registrable Securities guilty of fraudulent misrepresentation (within the
      meaning used in the Securities Act) shall be entitled to contribution from
      any
      party who was not guilty of such fraudulent misrepresentation.

     

    10. Nontransferability.
      Trilogy
      may not sell or transfer any Warrants to any person other than a director,
      officer, employee, manager or affiliate of Trilogy (or a person controlled
      by
      one or more directors, officers, employees, managers or affiliates of Trilogy)
      or to a person or entity that assists Trilogy in providing services to CNSC
      pursuant to the Letter of Engagement dated January 1, 2006 as the same may
      be
      amended from time to time, without the consent of CNSC.

     

    11. Severability.
      If
      any
      term, provision, covenant or restriction of these Warrants is held by a court
      of
      competent jurisdiction to be invalid, void or unenforceable, the remainder
      of
      the terms, provisions, covenants and restrictions of these Warrants shall remain
      in full force and effect and shall in no way be affected, impaired or
      invalidated.

     

    12. Notices.
      All
      notices, requests, consents and other communications required hereunder shall
      be
      in writing and shall be effective when delivered or, if delivered by registered
      or certified mail, postage prepaid, return receipt requested, shall be effective
      on the third day following deposit in United States mail: to the Holder, at
      Trilogy Capital Partners, Inc., 11726 San Vicente Boulevard, Suite 235, Los
      Angeles, CA 90049; and if addressed to CNSC, at CenterStaging Corp., 3407 Winona
      Avenue, Burbank, CA 91504, or such other address as Holder or CNSC may designate
      in writing.

     

    13. No
      Rights as Shareholder. The
      Holder shall have no rights as a shareholder of CNSC with respect to the shares
      issuable upon exercise of the Warrants until the receipt by CNSC of all of
      the
      Exercise Documents. 

     

     

    
      	 	 	CenterStaging Corp
	 	 	 
	 	 	By:
              /s/ Roger Paglia

    

    .

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “A”

    NOTICE
      OF EXERCISE

    (To
      be signed only upon exercise of the Warrants)

     

    

     

    To: CenterStaging
      Corp.

     

    The
      undersigned hereby elects to purchase shares of Common Stock (the “Warrant
      Shares”)
      of
      CenterStaging
      Corp.
      (“CNSC”),
      pursuant to the terms of the enclosed warrant certificate (the “Certificate”).
      The
      undersigned tenders herewith payment of the exercise price pursuant to the
      terms
      of the Certificate. 

     

    The
      undersigned hereby represents and warrants to, and agrees with, CNSC as follows:
      

     

    1. Holder
      is
      acquiring the Warrant Shares for its own account, for investment purposes
      only.

     

    2. Holder
      understands that an investment in the Warrant Shares involves a high degree
      of
      risk, and Holder has the financial ability to bear the economic risk of this
      investment in the Warrant Shares, including a complete loss of such investment.
      Holder has adequate means for providing for its current financial needs and
      has
      no need for liquidity with respect to this investment.

     

    3. Holder
      has such knowledge and experience in financial and business matters that it
      is
      capable of evaluating the merits and risks of an investment in the Warrant
      Shares and in protecting its own interest in connection with this
      transaction.

     

    4. Holder
      understands that the Warrant Shares have not been registered under the
      Securities Act or under any state securities laws. Holder is familiar with
      the
      provisions of the Securities Act and Rule 144 thereunder and understands that
      the restrictions on transfer on the Warrant Shares may result in Holder being
      required to hold the Warrant Shares for an indefinite period of
      time.

     

    5. Holder
      agrees not to sell, transfer, assign, gift, create a security interest in,
      or
      otherwise dispose of, with or without consideration (collectively, “Transfer”)
      any of
      the Warrant Shares except pursuant to an effective registration statement under
      the Securities Act or an exemption from registration. As a further condition
      to
      any such Transfer, except in the event that such Transfer is made pursuant
      to an
      effective registration statement under the Securities Act, if in the reasonable
      opinion of counsel to CNSC any Transfer of the Warrant Shares by the
      contemplated transferee thereof would not be exempt from the registration and
      prospectus delivery requirements of the Securities Act, CNSC may require the
      contemplated transferee to furnish CNSC with an investment letter setting forth
      such information and agreements as may be reasonably requested by CNSC to ensure
      compliance by such transferee with the Securities Act.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Each
      certificate evidencing the Warrant Shares will bear the following
      legend:

     

    “THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933 (THE “ACT”) OR ANY APPLICABLE STATE SECURITIES LAWS AND
      MAY NOT BE EXERCISED, SOLD, PLEDGED OR TRANSFERRED IN THE ABSENCE OF AN
      EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE ACT OR UNLESS
      AN
      EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

     

    6. Immediately
      following this exercise of Warrants, if as of the date of exercise CNSC has
      a
      class of securities registered under Section 12 of the Securities Exchange
      Act
      of 1934, as amended, the undersigned will not beneficially own five percent
      (5%)
      or more of the then outstanding Common Stock of CNSC (based on the number of
      shares outstanding set forth in the most recent periodic report filed by CNSC
      with the Securities and Exchange Commission and any additional shares which
      have
      been issued since that date of which Holder is aware have been
      issued).

     

     

     

    Number
      of
      Warrants Exercised: ______________

     

    Net
      Exercise ____ Yes ___ No 

     

    Dated:
      ____________________   

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      

       

      NEITHER
        THESE WARRANTS NOR THE COMMON STOCK ISSUABLE UPON EXERCISE OF THESE WARRANTS
        HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
        OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, PLEDGED OR
        TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH
        SECURITIES UNDER THE ACT OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION IS
        AVAILABLE.

      
 

      
        	800,000 Warrants	 	
                April
                  1, 2006

              
	 	 	 

      

       

      

      CENTERSTAGING
        CORP.

      

      $1.60
        WARRANTS

      

      

      

      CenterStaging
        Corp., a Delaware corporation (“CNSC”),
        certifies that, for value received, Trilogy Capital Partners, Inc.
        (“Trilogy”),
        or
        registered assigns (the “Holder”),
        is
        the owner of Eight Hundred Thousand (800,000) Warrants of CNSC (the
“Warrants”).
        Each
        Warrant entitles the Holder to purchase from CNSC at any time prior to the
        Expiration Date (as defined below) one share of the common stock of CNSC
        (the
“Common
        Stock”)
        for
        $1.60 per share (the “Exercise
        Price”),
        on
        the terms and conditions hereinafter provided. The Exercise Price and the
        number
        of shares of Common Stock purchasable upon exercise of each Warrant are subject
        to adjustment as provided in this Certificate. 

       

      1. Vesting;
        Expiration Date; Exercise

       

      1.1 
        Vesting.
        The Warrants shall vest and become exercisable as of the date of this
        Certificate.

       

      1.2 Expiration
        Date. The Warrants shall expire on March 31, 2009 (the “Expiration
        Date”).

       

      1.3 Manner
        of
        Exercise. The Warrants are exercisable by delivery to CNSC of the following
        (the
“Exercise
        Documents”):
        (a)
        this Certificate (b) a written notice of election to exercise the Warrants;
        and
        (c) payment of the Exercise Price in cash, by check or by “net” exercise as
        contemplated by Section 1.4 of this Certificate. Within three business days
        following receipt of the foregoing, CNSC shall execute and deliver to the
        Holder: (a) a certificate or certificates representing the aggregate number
        of
        shares of Common Stock purchased by the Holder, and (b) if less than all
        of the
        Warrants evidenced by this Certificate are exercised, a new certificate
        evidencing the Warrants not so exercised.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      1.4 Net
        Exercise. In lieu of the payment methods set forth in Section 1.3 above,
        the Holder may elect to exchange all or some of the Warrant for the number
        of
        shares of Common Stock computed using the following formula:

       

      X
        =
Y
        (A-B)

      A

       

      Where
        X =
        the number of shares of Common Stock to be issued to Holder.

       

      Y
        = the
        number of shares of Common Stock purchasable under the Warrants being exchanged
        (as adjusted to the date of such calculation).

       

      A
        = the
        Market Price on the date of receipt by CNSC of the Exercise
        Documents.

       

      B
        = the
        Exercise Price of the Warrants being exchanged (as adjusted in accordance
        with
        the terms of Section 2 hereof).

       

      The
        “Market
        Price”
on
        any
        trading day shall be deemed to be the last reported sale price of the Common
        Stock on such day, or, in the case no such reported sales take place on such
        day, the last reported sale price on the preceding trading day on which there
        was a last reported sales price, as officially reported by the principal
        securities exchange in which the shares of Common Stock are listed or admitted
        to trading or by the Nasdaq Stock Market, or if the Common Stock is not listed
        or admitted to trading on any national securities exchange or the Nasdaq
        Stock
        Market, the last sale price, or if there is no last sale price, the closing
        bid
        price, as furnished by the National Association of Securities Dealers, Inc.
        (such as through the OTC Bulletin Board) or a similar organization if Nasdaq
        is
        no longer reporting such information. If the Market Price cannot be determined
        pursuant to the sentence above, the Market Price shall be determined in good
        faith (using customary valuation methods) by the Board of Directors of CNSC
        based on the information best available to it, including recent arms-length
        sales of Common Stock to unaffiliated persons.

       

      1.5 Restriction
        on “Net” Exercise. Notwithstanding any other provision of this Certificate,
        Holder shall only be permitted to effect a “net” exercise of the Warrants if on
        the date of exercise (a) the Holder has not been provided an opportunity
        to
        include the shares of Common Stock issuable upon exercise of the Warrants
        in a
        Registration Statement pursuant to Section 9.2; or (b) (i) the Holder has
        been
        provided an opportunity to include the shares of Common Stock issuable upon
        the
        exercise of the Warrants in a Registration Statement pursuant to Section
        9.2,
        (ii) Holder has notified the Company that it wishes to include such shares
        in
        such Registration Statement, and (iii) Holder is not then permitted to sell
        the
        shares underlying the Warrants pursuant to such Registration
        Statement.

       

        1.6
        Warrant Exercise Limitation. Notwithstanding any other provision of this
        Agreement, if as of the date of exercise CNSC has a class of securities
        registered under Section 12 of the Securities Exchange Act of 1934, as
        amended, Holder may not exercise Warrants under this Section 1 to the
        extent that immediately following such exercise Holder would beneficially
        own 5%
        or more of the outstanding Common Stock of CNSC. For this purpose, a
        representation of the Holder that following such exercise it would not
        beneficially own 5% or more of the outstanding Common Stock of CNSC shall
        be
        conclusive and binding upon CNSC.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      2. Adjustments
        of Exercise Price and Number and Kind of Conversion Shares

       

      2.1 In
        the
        event that CNSC shall at any time hereafter (a) pay a dividend in Common
        Stock
        or securities convertible into Common Stock; (b) subdivide or split its
        outstanding Common Stock; (c) combine its outstanding Common Stock into a
        smaller number of shares; then the number of shares to be issued immediately
        after the occurrence of any such event shall be adjusted so that the Holder
        thereafter may receive the number of shares of Common Stock it would have
        owned
        immediately following such action if it had exercised the Warrants immediately
        prior to such action and the Exercise Price shall be adjusted to reflect
        such
        proportionate increases or decreases in the number of shares.

       

      2.2 In
        case
        of any reclassification of the outstanding shares of Common Stock (other
        than a
        change covered by Section 2.1 hereof or a change which solely affects the
        par
        value of such shares) or in the case of any merger or consolidation or merger
        in
        which CNSC is not the continuing corporation and which results in any
        reclassification or capital reorganization of the outstanding shares), the
        Holder shall have the right thereafter (until the Expiration Date) to receive
        upon the exercise hereof, for the same aggregate Exercise Price payable
        hereunder immediately prior to such event, the kind and amount of shares
        of
        stock or other securities or property receivable upon such reclassification,
        capital reorganization, merger or consolidation, by a Holder of the number
        of
        shares of Common Stock obtainable upon the exercise of the Warrants immediately
        prior to such event; and if any reclassification also results in a change
        in
        shares covered by Section 2.1, then such adjustment shall be made pursuant
        to both this Section 2.2 and Section 2.1 (without duplication). The
        provisions of this Section 2.2 shall similarly apply to successive
        reclassifications, capital reorganizations and mergers or consolidations,
        sales
        or other transfers.

       

      3. Reservation
        of Shares. CNSC
        shall at all times reserve and keep available out of its authorized but unissued
        shares of Common Stock, such number of shares of Common Stock as shall from
        time
        to time be issuable upon exercise of the Warrants. If at any time the number
        of
        authorized but unissued shares of Common Stock shall not be sufficient to
        permit
        the exercise of the Warrants, CNSC shall promptly seek such corporate action
        as
        may necessary to increase its authorized but unissued shares of Common Stock
        to
        such number of shares as shall be sufficient for such purpose.

       

      4. Certificate
        as to Adjustments. In
        each
        case of any adjustment in the Exercise Price, or number or type of shares
        issuable upon exercise of these Warrants, the Chief Financial Officer of
        CNSC
        shall compute such adjustment in accordance with the terms of these Warrants
        and
        prepare a certificate setting forth such adjustment and showing in detail
        the
        facts upon which such adjustment is based, including a statement of the adjusted
        Exercise Price. CNSC shall promptly send (by facsimile and by either first
        class
        mail, postage prepaid or overnight delivery) a copy of each such certificate
        to
        the Holder.

       

      5. Loss
        or Mutilation. Upon
        receipt of evidence reasonably satisfactory to CNSC of the ownership of and
        the
        loss, theft, destruction or mutilation of this Certificate, and of indemnity
        reasonably satisfactory to it, and (in the case of mutilation) upon surrender
        and cancellation of these Warrants, CNSC will execute and deliver in lieu
        thereof a new Certificate of like tenor as the lost, stolen, destroyed or
        mutilated Certificate.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      6. Representations
        and Warranties of CNSC. CNSC
        hereby represents and warrants to Holder that:

       

      6.1 Due
        Authorization. All corporate action on the part of CNSC, its officers, directors
        and shareholders necessary for (a) the authorization, execution and delivery
        of,
        and the performance of all obligations of CNSC under, these Warrants, and
        (b)
        the authorization, issuance, reservation for issuance and delivery of all
        of the
        Common Stock issuable upon exercise of these Warrants, has been duly taken.
        These Warrants constitute a valid and binding obligation of CNSC enforceable
        in
        accordance with their terms, subject, as to enforcement of remedies, to
        applicable bankruptcy, insolvency, moratorium, reorganization and similar
        laws
        affecting creditors’ rights generally and to general equitable
        principles.

       

      6.2 Organization.
        CNSC is a corporation duly organized, validly existing and in good standing
        under the laws of the State referenced in the first paragraph of this
        Certificate and has all requisite corporate power to own, lease and operate
        its
        property and to carry on its business as now being conducted and as currently
        proposed to be conducted.

       

      6.3 Valid
        Issuance of Stock. Any shares of Common Stock issued upon exercise of these
        Warrants will be duly and validly issued, fully paid and
        non-assessable.

       

      6.4 Governmental
        Consents. All consents, approvals, orders, authorizations or registrations,
        qualifications, declarations or filings with any federal or state governmental
        authority on the part of CNSC required in connection with the consummation
        of
        the transactions contemplated herein have been obtained.

       

      7. Representations
        and Warranties of Trilogy.
        Trilogy
        hereby represents and warrants to CNSC that:

       

      7.1 Trilogy
        is acquiring the Warrants for its own account, for investment purposes
        only.

       

      7.2 Trilogy
        understands that an investment in the Warrants involves a high degree of
        risk,
        and Trilogy has the financial ability to bear the economic risk of this
        investment in the Warrants, including a complete loss of such investment.
        Trilogy has adequate means for providing for its current financial needs
        and has
        no need for liquidity with respect to this investment.

       

      7.3 Trilogy
        has such knowledge and experience in financial and business matters that
        it is
        capable of evaluating the merits and risks of an investment in the Warrants
        and
        in protecting its own interest in connection with this transaction.

       

      7.4 Trilogy
        understands that the Warrants have not been registered under the Securities
        Act
        of 1933, as amended (the “Securities
        Act”)
        or
        under any state securities laws. Trilogy is familiar with the provisions
        of the
        Securities Act and Rule 144 thereunder and understands that the restrictions
        on
        transfer on the Warrants may result in Trilogy being required to hold the
        Warrants for an indefinite period of time.

       

      7.5 Trilogy
        agrees not to sell, transfer, assign, gift, create a security interest in,
        or
        otherwise dispose of, with or without consideration (collectively, “Transfer”)
        any of
        the Warrants except pursuant to an effective registration statement under
        the
        Securities Act or an exemption from registration. As a further condition
        to any
        such Transfer, except in the event that such Transfer is made pursuant to
        an
        effective registration statement under the Securities Act, if in the reasonable
        opinion of counsel to CNSC any Transfer of the Warrants by the contemplated
        transferee thereof would not be exempt from the registration and prospectus
        delivery requirements of the Securities Act, CNSC may require the contemplated
        transferee to furnish CNSC with an investment letter setting forth such
        information and agreements as may be reasonably requested by CNSC to ensure
        compliance by such transferee with the Securities Act.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      8. Notices
        of Record Date

       

      In
        the
        event:

       

      8.1 CNSC
        shall take a record of the holders of its Common Stock (or other stock or
        securities at the time receivable upon the exercise of these Warrants), for
        the
        purpose of entitling them to receive any dividend or other distribution,
        or any
        right to subscribe for or purchase any shares of stock of any class or any
        other
        securities or to receive any other right; or

       

      8.2 of
        any
        consolidation or merger of CNSC with or into another corporation, any capital
        reorganization of CNSC, any reclassification of the capital stock of CNSC,
        or
        any conveyance of all or substantially all of the assets of CNSC to another
        corporation in which holders of CNSC’s stock are to receive stock, securities or
        property of another corporation; or

       

      8.3 of
        any
        voluntary dissolution, liquidation or winding-up of CNSC; or

       

      8.4 of
        any
        redemption or conversion of all outstanding Common Stock;

       

      then,
        and
        in each such case, CNSC will mail or cause to be mailed to the Holder a notice
        specifying, as the case may be, (a) the date on which a record is to be taken
        for the purpose of such dividend, distribution or right, or (b) the date
        on
        which such reorganization, reclassification, consolidation, merger, conveyance,
        dissolution, liquidation, winding-up, redemption or conversion is to take
        place,
        and the time, if any is to be fixed, as of which the holders of record of
        Common
        Stock (or such stock or securities as at the time are receivable upon the
        exercise of these Warrants), shall be entitled to exchange their shares of
        Common Stock (or such other stock or securities), for securities or other
        property deliverable upon such reorganization, reclassification, consolidation,
        merger, conveyance, dissolution, liquidation or winding-up. CNSC shall use
        all
        reasonable efforts to ensure such notice shall be delivered at least 15 days
        prior to the date therein specified. 

       

      9. Registration
        Rights.
        

       

      9.1 Definitions.
        For purposes of this Section 9, the following terms shall have the meanings
        set
        forth below:

       

      9.1.1 A
        “Blackout
        Event”
means
        any of the following: (a) the possession by CNSC of material information
        that is
        not ripe for disclosure in a registration statement or prospectus, as determined
        reasonably and in good faith by the Chief Executive Officer or the Board
        of
        Directors of CNSC that disclosure of such information in the Registration
        Statement or the prospectus constituting a part thereof would be materially
        detrimental to the business and affairs of CNSC; or (b) any material engagement
        or activity by CNSC which would, in the reasonable and good faith determination
        of the Chief Executive Officer or the Board of Directors of CNSC, be materially
        adversely affected by disclosure in a registration statement or prospectus
        at
        such time. 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      9.1.2 “Exchange
        Act”
shall
        mean the Securities Exchange Act of 1934, as amended.

       

      9.1.3 “Included
        Shares”
shall
        mean any Registrable Shares included in a Registration.

       

      9.1.4 “Registrable
        Shares”
shall
        mean the shares of Common Stock (or such stock or securities as at the time
        are
        receivable upon the exercise of these Warrants) issuable upon exercise of
        the
        Warrants and any other warrants and or other securities issued to Trilogy
        in
        connection with performing investor relations services for CNSC, and shares
        or
        securities issued as a result of stock split, stock dividend or reclassification
        of such shares.

       

      9.1.5 “Registration”
shall
        mean a registration of securities under the Securities Act pursuant to Section
        9.2 or 9.3 of this Agreement. 

       

      9.1.6 “Registration
        Period”
with
        respect to any Registration Statement the period commencing the effective
        date
        of the Registration Statement and ending upon withdrawal or termination of
        the
        Registration Statement.

       

      9.1.7 “Registration
        Statement”
shall
        mean the registration statement, as amended from time to time, filed with
        the
        SEC in connection with a Registration. 

       

      9.1.8 “SEC”
shall
        mean the Securities and Exchange Commission.

       

      9.2 
        Piggyback Registration. Unless the Registrable Shares are then included in
        a
        Registration Statement or can be sold under the provisions of Rule 144 without
        limitation as to volume, whether pursuant to Rule 144(k) or otherwise, if
        CNSC
        shall determine to register any Common Stock under the Securities Act for
        sale
        in connection with a public offering of Common Stock (other than pursuant
        to an
        employee benefit plan or a merger, acquisition or similar transaction), CNSC
        will give written notice thereof to Holder and will include in such Registration
        Statement any of the Registrable Shares which Holder may request be included
        (“Included
        Shares”)
        by a
        writing delivered to CNSC within 15 days after the notice given by CNSC to
        Holder; provided, however, that if the offering is to be firmly underwritten,
        and the representative of the underwriters of the offering refuse in writing
        to
        include in the offering all of the shares of Common Stock requested by CNSC
        and
        others, the shares to be included shall be allocated first to CNSC and any
        shareholder who initiated such Registration and then among the others based
        on
        the respective number of shares of Common Stock held by such persons. If
        CNSC
        decides not to, and does not, file a Registration Statement with respect
        to such
        Registration, or after filing determines to withdraw the same before the
        effective date thereof, CNSC will promptly so inform Holder, and CNSC will
        not
        be obligated to complete the registration of the Included Shares included
        therein. 

       

      9.3 
        Certain
        Covenants. In connection with any Registration: 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      9.3.1 CNSC
        shall take all lawful action such that the Registration Statement, any amendment
        thereto and the prospectus forming a part thereof does not contain an untrue
        statement of a material fact or omit to state a material fact required to
        be
        stated therein or necessary to make the statements therein, in light of the
        circumstances under which they are made, not misleading. Upon becoming aware
        of
        the occurrence of any event or the discovery of any facts during the
        Registration Period that make any statement of a material fact made in the
        Registration Statement or the related prospectus untrue in any material respect
        or which material fact is omitted from the Registration Statement or related
        prospectus that requires the making of any changes in the Registration Statement
        or related prospectus so that it will not contain any untrue statement of
        a
        material fact or omit to state a material fact necessary to make the statements
        therein, in light of the circumstances under which they are made, not misleading
        (taking into account any prior amendments or supplements), CNSC shall promptly
        notify Holder, and, subject to the provisions of Section 9.5, as soon as
        reasonably practicable prepare (but, subject to Section 9.5, in no event
        more
        than five business days in the case of a supplement or seven business days
        in
        the case of a post-effective amendment) and file with the SEC a supplement
        or
        post-effective amendment to the Registration Statement or the related prospectus
        or file any other required document so that, as thereafter delivered to a
        purchaser of Shares from Holder, such prospectus will not contain any untrue
        statement of a material fact or omit to state a material fact necessary to
        make
        the statements therein, in light of the circumstances under which they were
        made, not misleading.

       

      9.3.2 At
        least
        three business days prior to the filing with the SEC of the Registration
        Statement (or any amendment thereto) or the prospectus forming a part thereof
        (or any supplement thereto), CNSC shall provide draft copies thereof to Holder
        and shall consider incorporating into such documents such comments as Holder
        (and its counsel) may propose to be incorporated therein. Notwithstanding
        the
        foregoing, no prospectus supplement, the form of which has previously been
        provided to Holder, need be delivered in draft form to Holder.

       

      9.3.3 CNSC
        shall promptly notify Holder upon the occurrence of any of the following
        events
        in respect of the Registration Statement or the prospectus forming a part
        thereof: (a) the receipt of any request for additional information from the
        SEC
        or any other federal or state governmental authority, the response to which
        would require any amendments or supplements to the Registration Statement
        or
        related prospectus; (b) the issuance by the SEC or any other federal or state
        governmental authority of any stop order suspending the effectiveness of
        the
        Registration Statement or the initiation of any proceedings for that purpose;
        or
        (c) the receipt of any notification with respect to the suspension of the
        qualification or exemption from qualification of any of the Shares for sale
        in
        any jurisdiction or the initiation or threatening of any proceeding for such
        purpose.

       

      9.3.4 CNSC
        shall furnish to Holder with respect to the Included Shares registered under
        the
        Registration Statement (and to each underwriter, if any, of such Shares)
        such
        number of copies of prospectuses and such other documents as Holder may
        reasonably request, in order to facilitate the public sale or other disposition
        of all or any of the Included Shares by Holder pursuant to the Registration
        Statement.

       

      9.3.5 In
        connection with any registration pursuant to Section 9.2, CNSC shall file
        or
        cause to be filed such documents as are required to be filed by CNSC for
        normal
        Blue Sky clearance in states specified in writing by Holder; provided,
        however,
        that
        CNSC shall not be required to qualify to do business or consent to service
        of
        process in any jurisdiction in which it is not now so qualified or has not
        so
        consented.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      9.3.6 CNSC
        shall bear and pay all expenses incurred by it and Holder (other than
        underwriting discounts, brokerage fees and commissions, and fees and expenses
        of
        more than one law firm) in connection with the registration of the Shares
        pursuant to the Registration Statement. 

       

      9.3.7 As
        a
        condition to including Registrable Shares in a Registration Statement, Holder
        must provide to CNSC such information regarding itself, the Registrable Shares
        held by it and the intended method of distribution of such Shares as shall
        be
        required to effect the registration of the Registrable Shares and, if the
        offering is being underwritten, Holder must provide such powers of attorney,
        indemnities and other documents as may be reasonably requested by the managing
        underwriter.

       

      9.3.8 Following
        the effectiveness of the Registration Statement, upon receipt from CNSC of
        a
        notice that the Registration Statement contains an untrue statement of material
        fact or omits to state any material fact required to be stated therein or
        necessary to make the statements therein not misleading in light of the
        circumstances under which they were made, Holder will immediately discontinue
        disposition of Included Shares pursuant to the Registration Statement until
        CNSC
        notifies Holder that it may resume sales of Included Shares and, if necessary,
        provides to Holder copies of the supplemental or amended prospectus.

       

      9.4 
        Blackout
        Event. CNSC shall not be obligated to file a post-effective amendment or
        supplement to the Registration Statement or the prospectus constituting a
        part
        thereof during the continuance of a Blackout Event; provided, however, that
        no
        Blackout Event may be deemed to exist for more than 60 days. Without the
        express
        written consent of Holder, if required to permit the continued sale of Shares
        by
        Holder, a post-effective amendment or supplement to Registration Statement
        or
        the prospectus constituting a part thereof must be filed no later than the
        61st
        day
        following commencement of a Blackout Event.

       

      9.5 
        Rule
        144. With a view to making available to Holder the benefits of Rule 144,
        CNSC
        agrees, until such time as Holder can sell all remaining Registrable Shares
        under the provisions Rule 144(k), to:

       

      9.5.1.1 comply
        with the provisions of paragraph (c)(1) of Rule 144; and

       

      9.5.1.2 file
        with
        the SEC in a timely manner all reports and other documents required to be
        filed
        by CNSC pursuant to Section 13 or 15(d) under the Exchange Act; and, if at
        any
        time it is not required to file such reports but in the past had been required
        to or did file such reports, it will, upon the request of a Purchaser, make
        available other information as required by, and so long as necessary to permit
        sales of its Shares pursuant to, Rule 144.

       

      9.6 
        CNSC
        Indemnification. CNSC agrees to indemnify and hold harmless Holder, and its
        officers, directors and agents (including broker or underwriter selling Included
        Shares for Holder), and each person, if any, who controls Holder within the
        meaning of Section 15 of the Securities Act or Section 20 of the Exchange
        Act
        from and against any and all losses, claims, damages and liabilities caused
        by
        (a) any violation or alleged violation by CNSC of the Securities Act, Exchange
        Act, any state securities laws or any rule or regulation promulgated under
        the
        Securities Act, Exchange Act or any state securities laws, (b) any untrue
        statement or alleged untrue statement of a material fact contained in any
        registration statement or prospectus relating to the Included Shares (as
        amended
        or supplemented if CNSC shall have furnished any amendments or supplements
        thereto) or any preliminary prospectus, or (c) caused by any omission or
        alleged
        omission to state therein a material fact required to be stated therein or
        necessary to make the statements therein not misleading in light of the
        circumstances under which they were made, except insofar as such losses,
        claims,
        damages or liabilities are caused by any such untrue statement or omission
        or
        alleged untrue statement or omission based upon information furnished in
        writing
        to CNSC by Holder or on Holder’s behalf expressly for use therein.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      9.7 
        Holder
        Indemnification. Holder agrees to indemnify and hold harmless CNSC, its
        officers, directors and agents and each person, if any, who controls CNSC
        within
        the meaning of either Section 15 of the Securities Act or Section 20 of the
        Exchange Act to the same extent as the foregoing indemnity from CNSC to Holder,
        but only with respect to information furnished in writing by Holder or on
        Holder’s behalf expressly for use in any registration statement or prospectus
        relating to the Registrable Shares, or any amendment or supplement thereto,
        or
        any preliminary prospectus. 

       

      9.8 
        Indemnification Procedures. In case any proceeding (including any governmental
        investigation) shall be instituted involving any person in respect of which
        indemnity may be sought pursuant to this Section 9, such person (an
“Indemnified
        Party”)
        shall
        promptly notify the person against whom such indemnity may be sought (the
        “Indemnifying
        Party”)
        in
        writing and the Indemnifying Party shall assume the defense thereof, including
        the employment of counsel reasonably satisfactory to such Indemnified Party,
        and
        shall assume the payment of all fees and expenses; provided that the failure
        of
        any Indemnified Party so to notify the Indemnifying Party shall not relieve
        the
        Indemnifying Party of its obligations hereunder except to the extent (and
        only
        to the extent that) that the Indemnifying Party is materially prejudiced
        by such
        failure to notify. In any such proceeding, any Indemnified Party shall have
        the
        right to retain its own counsel, but the fees and expenses of such counsel
        shall
        be at the expense of such Indemnified Party unless (a) the Indemnifying Party
        and the Indemnified Party shall have mutually agreed to the retention of
        such
        counsel or (b) in the reasonable judgment of such Indemnified Party
        representation of both parties by the same counsel would be inappropriate
        due to
        actual or potential differing interests between them. It is understood that
        the
        Indemnifying Party shall not, in connection with any proceeding or related
        proceedings in the same jurisdiction, be liable for the reasonable fees and
        expenses of more than one separate firm of attorneys (in addition to any
        local
        counsel) at any time for all such Indemnified Parties (including in the case
        of
        Holder, all of its officers, directors and controlling persons) and that
        all
        such fees and expenses shall be reimbursed as they are incurred. In the case
        of
        any such separate firm for the Indemnified Parties, the Indemnified Parties
        shall designate such firm in writing to the Indemnifying Party. The Indemnifying
        Party shall not be liable for any settlement of any proceeding effected without
        its written consent (which consent shall not be unreasonably withheld or
        delayed), but if settled with such consent, or if there be a final judgment
        for
        the plaintiff, the Indemnifying Party shall indemnify and hold harmless such
        Indemnified Parties from and against any loss or liability (to the extent
        stated
        above) by reason of such settlement or judgment. No Indemnifying Party shall,
        without the prior written consent of the Indemnified Party, effect any
        settlement of any pending or threatened proceeding in respect of which any
        Indemnified Party is or could have been a party and indemnity could have
        been
        sought hereunder by such Indemnified Party, unless such settlement includes
        an
        unconditional release of such Indemnified Party from all liability arising
        out
        of such proceeding.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      9.9 Contribution.
        To the extent any indemnification by an Indemnifying Party is prohibited
        or
        limited by law, the Indemnifying Party agrees to make the maximum contribution
        with respect to any amounts for which, he, she or it would otherwise be liable
        under this Section 9 to the fullest extent permitted by law; provided, however,
        that (a) no contribution shall be made under circumstances where a party
        would
        not have been liable for indemnification under this Section 9 and (b) no
        seller
        of Registrable Securities guilty of fraudulent misrepresentation (within
        the
        meaning used in the Securities Act) shall be entitled to contribution from
        any
        party who was not guilty of such fraudulent misrepresentation.

       

      10. Nontransferability.
        Trilogy
        may not sell or transfer any Warrants to any person other than a director,
        officer, employee, manager or affiliate of Trilogy (or a person controlled
        by
        one or more directors, officers, employees, managers or affiliates of Trilogy)
        or to a person or entity that assists Trilogy in providing services to CNSC
        pursuant to the Letter of Engagement dated January 1, 2006 as the same may
        be
        amended from time to time, without the consent of CNSC.

       

      11. Severability.
        If
        any
        term, provision, covenant or restriction of these Warrants is held by a court
        of
        competent jurisdiction to be invalid, void or unenforceable, the remainder
        of
        the terms, provisions, covenants and restrictions of these Warrants shall
        remain
        in full force and effect and shall in no way be affected, impaired or
        invalidated.

       

      12. Notices.
        All
        notices, requests, consents and other communications required hereunder shall
        be
        in writing and shall be effective when delivered or, if delivered by registered
        or certified mail, postage prepaid, return receipt requested, shall be effective
        on the third day following deposit in United States mail: to the Holder,
        at
        Trilogy Capital Partners, Inc., 11726 San Vicente Boulevard, Suite 235, Los
        Angeles, CA 90049; and if addressed to CNSC, at CenterStaging Corp., 3407
        Winona
        Avenue, Burbank, CA 91504, or such other address as Holder or CNSC may designate
        in writing.

       

      13. No
        Rights as Shareholder. The
        Holder shall have no rights as a shareholder of CNSC with respect to the
        shares
        issuable upon exercise of the Warrants until the receipt by CNSC of all of
        the
        Exercise Documents. 

       

       

      
        	 	 	CenterStaging Corp.
	 	 	 
	 	 	By:
                /s/ Roger Paglia

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        “A”

      NOTICE
        OF EXERCISE

      (To
        be signed only upon exercise of the Warrants)

       

      

       

      To: CenterStaging
        Corp.

       

      The
        undersigned hereby elects to purchase shares of Common Stock (the “Warrant
        Shares”)
        of
        CenterStaging
        Corp.
        (“CNSC”),
        pursuant to the terms of the enclosed warrant certificate (the “Certificate”).
        The
        undersigned tenders herewith payment of the exercise price pursuant to the
        terms
        of the Certificate. 

       

      The
        undersigned hereby represents and warrants to, and agrees with, CNSC as follows:
        

       

      1. Holder
        is
        acquiring the Warrant Shares for its own account, for investment purposes
        only.

       

      2. Holder
        understands that an investment in the Warrant Shares involves a high degree
        of
        risk, and Holder has the financial ability to bear the economic risk of this
        investment in the Warrant Shares, including a complete loss of such investment.
        Holder has adequate means for providing for its current financial needs and
        has
        no need for liquidity with respect to this investment.

       

      3. Holder
        has such knowledge and experience in financial and business matters that
        it is
        capable of evaluating the merits and risks of an investment in the Warrant
        Shares and in protecting its own interest in connection with this
        transaction.

       

      4. Holder
        understands that the Warrant Shares have not been registered under the
        Securities Act or under any state securities laws. Holder is familiar with
        the
        provisions of the Securities Act and Rule 144 thereunder and understands
        that
        the restrictions on transfer on the Warrant Shares may result in Holder being
        required to hold the Warrant Shares for an indefinite period of
        time.

       

      5. Holder
        agrees not to sell, transfer, assign, gift, create a security interest in,
        or
        otherwise dispose of, with or without consideration (collectively, “Transfer”)
        any of
        the Warrant Shares except pursuant to an effective registration statement
        under
        the Securities Act or an exemption from registration. As a further condition
        to
        any such Transfer, except in the event that such Transfer is made pursuant
        to an
        effective registration statement under the Securities Act, if in the reasonable
        opinion of counsel to CNSC any Transfer of the Warrant Shares by the
        contemplated transferee thereof would not be exempt from the registration
        and
        prospectus delivery requirements of the Securities Act, CNSC may require
        the
        contemplated transferee to furnish CNSC with an investment letter setting
        forth
        such information and agreements as may be reasonably requested by CNSC to
        ensure
        compliance by such transferee with the Securities Act.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Each
        certificate evidencing the Warrant Shares will bear the following
        legend:

       

      “THE
        SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
        THE
        SECURITIES ACT OF 1933 (THE “ACT”) OR ANY APPLICABLE STATE SECURITIES LAWS AND
        MAY NOT BE EXERCISED, SOLD, PLEDGED OR TRANSFERRED IN THE ABSENCE OF AN
        EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE ACT OR UNLESS
        AN
        EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

       

      6. Immediately
        following this exercise of Warrants, if as of the date of exercise CNSC has
        a
        class of securities registered under Section 12 of the Securities Exchange
        Act
        of 1934, as amended, the undersigned will not beneficially own five percent
        (5%)
        or more of the then outstanding Common Stock of CNSC (based on the number
        of
        shares outstanding set forth in the most recent periodic report filed by
        CNSC
        with the Securities and Exchange Commission and any additional shares which
        have
        been issued since that date of which Holder is aware have been
        issued).

       

       

       

      Number
        of
        Warrants Exercised: ______________

       

      Net
        Exercise ____ Yes ___ No 

       

      Dated:
        ____________________   

      

      
         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        NEITHER
          THESE WARRANTS NOR THE COMMON STOCK ISSUABLE UPON EXERCISE OF THESE WARRANTS
          HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”),
          OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, PLEDGED OR
          TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH
          SECURITIES UNDER THE ACT OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION
          IS
          AVAILABLE.

        

        

        
          	400,000 Warrants	 	
                  April
                    1, 2006

                
	 	 	 
	 	 	 

        

         

        

        CENTERSTAGING
          CORP.

        

        $1.75
          WARRANTS

        

        

        

        CenterStaging
          Corp., a Delaware corporation (“CNSC”),
          certifies that, for value received, Trilogy Capital Partners, Inc.
          (“Trilogy”),
          or
          registered assigns (the “Holder”),
          is
          the owner of Four Hundred Thousand (400,000) Warrants of CNSC (the “Warrants”).
          Each
          Warrant entitles the Holder to purchase from CNSC at any time prior to
          the
          Expiration Date (as defined below) one share of the common stock of CNSC
          (the
“Common
          Stock”)
          for
          $1.75 per share (the “Exercise
          Price”),
          on
          the terms and conditions hereinafter provided. The Exercise Price and the
          number
          of shares of Common Stock purchasable upon exercise of each Warrant are
          subject
          to adjustment as provided in this Certificate. 

        

        1. Vesting;
          Expiration Date; Exercise

        

        1.1 
          Vesting.
          The Warrants shall vest and become exercisable as of the date of this
          Certificate.

        

        1.2 Expiration
          Date. The Warrants shall expire on March 31, 2009 (the “Expiration
          Date”).

        

        1.3 Manner
          of
          Exercise. The Warrants are exercisable by delivery to CNSC of the following
          (the
“Exercise
          Documents”):
          (a)
          this Certificate (b) a written notice of election to exercise the Warrants;
          and
          (c) payment of the Exercise Price in cash, by check or by “net” exercise as
          contemplated by Section 1.4 of this Certificate. Within three business
          days
          following receipt of the foregoing, CNSC shall execute and deliver to the
          Holder: (a) a certificate or certificates representing the aggregate number
          of
          shares of Common Stock purchased by the Holder, and (b) if less than all
          of the
          Warrants evidenced by this Certificate are exercised, a new certificate
          evidencing the Warrants not so exercised.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        1.4 Net
          Exercise. In lieu of the payment methods set forth in Section 1.3 above,
          the Holder may elect to exchange all or some of the Warrant for the number
          of
          shares of Common Stock computed using the following formula:

        

        X
          =
Y
          (A-B)

        A

        

        Where
          X =
          the number of shares of Common Stock to be issued to Holder.

        

        Y
          = the
          number of shares of Common Stock purchasable under the Warrants being exchanged
          (as adjusted to the date of such calculation).

        

        A
          = the
          Market Price on the date of receipt by CNSC of the Exercise
          Documents.

        

        B
          = the
          Exercise Price of the Warrants being exchanged (as adjusted in accordance
          with
          the terms of Section 2 hereof).

        

        The
          “Market
          Price”
on
          any
          trading day shall be deemed to be the last reported sale price of the Common
          Stock on such day, or, in the case no such reported sales take place on
          such
          day, the last reported sale price on the preceding trading day on which
          there
          was a last reported sales price, as officially reported by the principal
          securities exchange in which the shares of Common Stock are listed or admitted
          to trading or by the Nasdaq Stock Market, or if the Common Stock is not
          listed
          or admitted to trading on any national securities exchange or the Nasdaq
          Stock
          Market, the last sale price, or if there is no last sale price, the closing
          bid
          price, as furnished by the National Association of Securities Dealers,
          Inc.
          (such as through the OTC Bulletin Board) or a similar organization if Nasdaq
          is
          no longer reporting such information. If the Market Price cannot be determined
          pursuant to the sentence above, the Market Price shall be determined in
          good
          faith (using customary valuation methods) by the Board of Directors of
          CNSC
          based on the information best available to it, including recent arms-length
          sales of Common Stock to unaffiliated persons.

        

        1.5 Restriction
          on “Net” Exercise. Notwithstanding any other provision of this Certificate,
          Holder shall only be permitted to effect a “net” exercise of the Warrants if on
          the date of exercise (a) the Holder has not been provided an opportunity
          to
          include the shares of Common Stock issuable upon exercise of the Warrants
          in a
          Registration Statement pursuant to Section 9.2; or (b) (i) the Holder has
          been
          provided an opportunity to include the shares of Common Stock issuable
          upon the
          exercise of the Warrants in a Registration Statement pursuant to Section
          9.2,
          (ii) Holder has notified the Company that it wishes to include such shares
          in
          such Registration Statement, and (iii) Holder is not then permitted to
          sell the
          shares underlying the Warrants pursuant to such Registration
          Statement.

         

         1.6
          Warrant Exercise Limitation. Notwithstanding any other provision of this
          Agreement, if as of the date of exercise CNSC has a class of securities
          registered under Section 12 of the Securities Exchange Act of 1934, as
          amended, Holder may not exercise Warrants under this Section 1 to the
          extent that immediately following such exercise Holder would beneficially
          own 5%
          or more of the outstanding Common Stock of CNSC. For this purpose, a
          representation of the Holder that following such exercise it would not
          beneficially own 5% or more of the outstanding Common Stock of CNSC shall
          be
          conclusive and binding upon CNSC.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        2. Adjustments
          of Exercise Price and Number and Kind of Conversion Shares

        

        2.1 In
          the
          event that CNSC shall at any time hereafter (a) pay a dividend in Common
          Stock
          or securities convertible into Common Stock; (b) subdivide or split its
          outstanding Common Stock; (c) combine its outstanding Common Stock into
          a
          smaller number of shares; then the number of shares to be issued immediately
          after the occurrence of any such event shall be adjusted so that the Holder
          thereafter may receive the number of shares of Common Stock it would have
          owned
          immediately following such action if it had exercised the Warrants immediately
          prior to such action and the Exercise Price shall be adjusted to reflect
          such
          proportionate increases or decreases in the number of shares.

        

        2.2 In
          case
          of any reclassification of the outstanding shares of Common Stock (other
          than a
          change covered by Section 2.1 hereof or a change which solely affects the
          par
          value of such shares) or in the case of any merger or consolidation or
          merger in
          which CNSC is not the continuing corporation and which results in any
          reclassification or capital reorganization of the outstanding shares),
          the
          Holder shall have the right thereafter (until the Expiration Date) to receive
          upon the exercise hereof, for the same aggregate Exercise Price payable
          hereunder immediately prior to such event, the kind and amount of shares
          of
          stock or other securities or property receivable upon such reclassification,
          capital reorganization, merger or consolidation, by a Holder of the number
          of
          shares of Common Stock obtainable upon the exercise of the Warrants immediately
          prior to such event; and if any reclassification also results in a change
          in
          shares covered by Section 2.1, then such adjustment shall be made pursuant
          to both this Section 2.2 and Section 2.1 (without duplication). The
          provisions of this Section 2.2 shall similarly apply to successive
          reclassifications, capital reorganizations and mergers or consolidations,
          sales
          or other transfers.

        

        3. Reservation
          of Shares. CNSC
          shall at all times reserve and keep available out of its authorized but
          unissued
          shares of Common Stock, such number of shares of Common Stock as shall
          from time
          to time be issuable upon exercise of the Warrants. If at any time the number
          of
          authorized but unissued shares of Common Stock shall not be sufficient
          to permit
          the exercise of the Warrants, CNSC shall promptly seek such corporate action
          as
          may necessary to increase its authorized but unissued shares of Common
          Stock to
          such number of shares as shall be sufficient for such purpose.

        

        4. Certificate
          as to Adjustments. In
          each
          case of any adjustment in the Exercise Price, or number or type of shares
          issuable upon exercise of these Warrants, the Chief Financial Officer of
          CNSC
          shall compute such adjustment in accordance with the terms of these Warrants
          and
          prepare a certificate setting forth such adjustment and showing in detail
          the
          facts upon which such adjustment is based, including a statement of the
          adjusted
          Exercise Price. CNSC shall promptly send (by facsimile and by either first
          class
          mail, postage prepaid or overnight delivery) a copy of each such certificate
          to
          the Holder.

        

        5. Loss
          or Mutilation. Upon
          receipt of evidence reasonably satisfactory to CNSC of the ownership of
          and the
          loss, theft, destruction or mutilation of this Certificate, and of indemnity
          reasonably satisfactory to it, and (in the case of mutilation) upon surrender
          and cancellation of these Warrants, CNSC will execute and deliver in lieu
          thereof a new Certificate of like tenor as the lost, stolen, destroyed
          or
          mutilated Certificate.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        6. Representations
          and Warranties of CNSC. CNSC
          hereby represents and warrants to Holder that:

        

        6.1 Due
          Authorization. All corporate action on the part of CNSC, its officers,
          directors
          and shareholders necessary for (a) the authorization, execution and delivery
          of,
          and the performance of all obligations of CNSC under, these Warrants, and
          (b)
          the authorization, issuance, reservation for issuance and delivery of all
          of the
          Common Stock issuable upon exercise of these Warrants, has been duly taken.
          These Warrants constitute a valid and binding obligation of CNSC enforceable
          in
          accordance with their terms, subject, as to enforcement of remedies, to
          applicable bankruptcy, insolvency, moratorium, reorganization and similar
          laws
          affecting creditors’ rights generally and to general equitable
          principles.

        

        6.2 Organization.
          CNSC is a corporation duly organized, validly existing and in good standing
          under the laws of the State referenced in the first paragraph of this
          Certificate and has all requisite corporate power to own, lease and operate
          its
          property and to carry on its business as now being conducted and as currently
          proposed to be conducted.

        

        6.3 Valid
          Issuance of Stock. Any shares of Common Stock issued upon exercise of these
          Warrants will be duly and validly issued, fully paid and
          non-assessable.

        

        6.4 Governmental
          Consents. All consents, approvals, orders, authorizations or registrations,
          qualifications, declarations or filings with any federal or state governmental
          authority on the part of CNSC required in connection with the consummation
          of
          the transactions contemplated herein have been obtained.

        

        7. Representations
          and Warranties of Trilogy.
          Trilogy
          hereby represents and warrants to CNSC that:

        

        7.1 Trilogy
          is acquiring the Warrants for its own account, for investment purposes
          only.

        

        7.2 Trilogy
          understands that an investment in the Warrants involves a high degree of
          risk,
          and Trilogy has the financial ability to bear the economic risk of this
          investment in the Warrants, including a complete loss of such investment.
          Trilogy has adequate means for providing for its current financial needs
          and has
          no need for liquidity with respect to this investment.

        

        7.3 Trilogy
          has such knowledge and experience in financial and business matters that
          it is
          capable of evaluating the merits and risks of an investment in the Warrants
          and
          in protecting its own interest in connection with this transaction.

        

        7.4 Trilogy
          understands that the Warrants have not been registered under the Securities
          Act
          of 1933, as amended (the “Securities
          Act”)
          or
          under any state securities laws. Trilogy is familiar with the provisions
          of the
          Securities Act and Rule 144 thereunder and understands that the restrictions
          on
          transfer on the Warrants may result in Trilogy being required to hold the
          Warrants for an indefinite period of time.

        

        7.5 Trilogy
          agrees not to sell, transfer, assign, gift, create a security interest
          in, or
          otherwise dispose of, with or without consideration (collectively, “Transfer”)
          any of
          the Warrants except pursuant to an effective registration statement under
          the
          Securities Act or an exemption from registration. As a further condition
          to any
          such Transfer, except in the event that such Transfer is made pursuant
          to an
          effective registration statement under the Securities Act, if in the reasonable
          opinion of counsel to CNSC any Transfer of the Warrants by the contemplated
          transferee thereof would not be exempt from the registration and prospectus
          delivery requirements of the Securities Act, CNSC may require the contemplated
          transferee to furnish CNSC with an investment letter setting forth such
          information and agreements as may be reasonably requested by CNSC to ensure
          compliance by such transferee with the Securities Act.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        8. Notices
          of Record Date

        

        In
          the
          event:

        

        8.1 CNSC
          shall take a record of the holders of its Common Stock (or other stock
          or
          securities at the time receivable upon the exercise of these Warrants),
          for the
          purpose of entitling them to receive any dividend or other distribution,
          or any
          right to subscribe for or purchase any shares of stock of any class or
          any other
          securities or to receive any other right; or

        

        8.2 of
          any
          consolidation or merger of CNSC with or into another corporation, any capital
          reorganization of CNSC, any reclassification of the capital stock of CNSC,
          or
          any conveyance of all or substantially all of the assets of CNSC to another
          corporation in which holders of CNSC’s stock are to receive stock, securities or
          property of another corporation; or

        

        8.3 of
          any
          voluntary dissolution, liquidation or winding-up of CNSC; or

        

        8.4 of
          any
          redemption or conversion of all outstanding Common Stock;

        

        then,
          and
          in each such case, CNSC will mail or cause to be mailed to the Holder a
          notice
          specifying, as the case may be, (a) the date on which a record is to be
          taken
          for the purpose of such dividend, distribution or right, or (b) the date
          on
          which such reorganization, reclassification, consolidation, merger, conveyance,
          dissolution, liquidation, winding-up, redemption or conversion is to take
          place,
          and the time, if any is to be fixed, as of which the holders of record
          of Common
          Stock (or such stock or securities as at the time are receivable upon the
          exercise of these Warrants), shall be entitled to exchange their shares
          of
          Common Stock (or such other stock or securities), for securities or other
          property deliverable upon such reorganization, reclassification, consolidation,
          merger, conveyance, dissolution, liquidation or winding-up. CNSC shall
          use all
          reasonable efforts to ensure such notice shall be delivered at least 15
          days
          prior to the date therein specified. 

        

        9. Registration
          Rights.
          

        

        9.1 Definitions.
          For purposes of this Section 9, the following terms shall have the meanings
          set
          forth below:

        

        9.1.1 A
          “Blackout
          Event”
means
          any of the following: (a) the possession by CNSC of material information
          that is
          not ripe for disclosure in a registration statement or prospectus, as determined
          reasonably and in good faith by the Chief Executive Officer or the Board
          of
          Directors of CNSC that disclosure of such information in the Registration
          Statement or the prospectus constituting a part thereof would be materially
          detrimental to the business and affairs of CNSC; or (b) any material engagement
          or activity by CNSC which would, in the reasonable and good faith determination
          of the Chief Executive Officer or the Board of Directors of CNSC, be materially
          adversely affected by disclosure in a registration statement or prospectus
          at
          such time. 

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        9.1.2 “Exchange
          Act”
shall
          mean the Securities Exchange Act of 1934, as amended.

        

        9.1.3 “Included
          Shares”
shall
          mean any Registrable Shares included in a Registration.

        

        9.1.4 “Registrable
          Shares”
shall
          mean the shares of Common Stock (or such stock or securities as at the
          time are
          receivable upon the exercise of these Warrants) issuable upon exercise
          of the
          Warrants and any other warrants and or other securities issued to Trilogy
          in
          connection with performing investor relations services for CNSC, and shares
          or
          securities issued as a result of stock split, stock dividend or reclassification
          of such shares.

        

        9.1.5 “Registration”
shall
          mean a registration of securities under the Securities Act pursuant to
          Section
          9.2 or 9.3 of this Agreement. 

        

        9.1.6 “Registration
          Period”
with
          respect to any Registration Statement the period commencing the effective
          date
          of the Registration Statement and ending upon withdrawal or termination
          of the
          Registration Statement.

        

        9.1.7 “Registration
          Statement”
shall
          mean the registration statement, as amended from time to time, filed with
          the
          SEC in connection with a Registration. 

        

        9.1.8 “SEC”
shall
          mean the Securities and Exchange Commission.

        

        9.2 
          Piggyback Registration. Unless the Registrable Shares are then included
          in a
          Registration Statement or can be sold under the provisions of Rule 144
          without
          limitation as to volume, whether pursuant to Rule 144(k) or otherwise,
          if CNSC
          shall determine to register any Common Stock under the Securities Act for
          sale
          in connection with a public offering of Common Stock (other than pursuant
          to an
          employee benefit plan or a merger, acquisition or similar transaction),
          CNSC
          will give written notice thereof to Holder and will include in such Registration
          Statement any of the Registrable Shares which Holder may request be included
          (“Included
          Shares”)
          by a
          writing delivered to CNSC within 15 days after the notice given by CNSC
          to
          Holder; provided, however, that if the offering is to be firmly underwritten,
          and the representative of the underwriters of the offering refuse in writing
          to
          include in the offering all of the shares of Common Stock requested by
          CNSC and
          others, the shares to be included shall be allocated first to CNSC and
          any
          shareholder who initiated such Registration and then among the others based
          on
          the respective number of shares of Common Stock held by such persons. If
          CNSC
          decides not to, and does not, file a Registration Statement with respect
          to such
          Registration, or after filing determines to withdraw the same before the
          effective date thereof, CNSC will promptly so inform Holder, and CNSC will
          not
          be obligated to complete the registration of the Included Shares included
          therein. 

        

        9.3 
          Certain
          Covenants. In connection with any Registration: 

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        9.3.1 CNSC
          shall take all lawful action such that the Registration Statement, any
          amendment
          thereto and the prospectus forming a part thereof does not contain an untrue
          statement of a material fact or omit to state a material fact required
          to be
          stated therein or necessary to make the statements therein, in light of
          the
          circumstances under which they are made, not misleading. Upon becoming
          aware of
          the occurrence of any event or the discovery of any facts during the
          Registration Period that make any statement of a material fact made in
          the
          Registration Statement or the related prospectus untrue in any material
          respect
          or which material fact is omitted from the Registration Statement or related
          prospectus that requires the making of any changes in the Registration
          Statement
          or related prospectus so that it will not contain any untrue statement
          of a
          material fact or omit to state a material fact necessary to make the statements
          therein, in light of the circumstances under which they are made, not misleading
          (taking into account any prior amendments or supplements), CNSC shall promptly
          notify Holder, and, subject to the provisions of Section 9.5, as soon as
          reasonably practicable prepare (but, subject to Section 9.5, in no event
          more
          than five business days in the case of a supplement or seven business days
          in
          the case of a post-effective amendment) and file with the SEC a supplement
          or
          post-effective amendment to the Registration Statement or the related prospectus
          or file any other required document so that, as thereafter delivered to
          a
          purchaser of Shares from Holder, such prospectus will not contain any untrue
          statement of a material fact or omit to state a material fact necessary
          to make
          the statements therein, in light of the circumstances under which they
          were
          made, not misleading.

        

        9.3.2 At
          least
          three business days prior to the filing with the SEC of the Registration
          Statement (or any amendment thereto) or the prospectus forming a part thereof
          (or any supplement thereto), CNSC shall provide draft copies thereof to
          Holder
          and shall consider incorporating into such documents such comments as Holder
          (and its counsel) may propose to be incorporated therein. Notwithstanding
          the
          foregoing, no prospectus supplement, the form of which has previously been
          provided to Holder, need be delivered in draft form to Holder.

        

        9.3.3 CNSC
          shall promptly notify Holder upon the occurrence of any of the following
          events
          in respect of the Registration Statement or the prospectus forming a part
          thereof: (a) the receipt of any request for additional information from
          the SEC
          or any other federal or state governmental authority, the response to which
          would require any amendments or supplements to the Registration Statement
          or
          related prospectus; (b) the issuance by the SEC or any other federal or
          state
          governmental authority of any stop order suspending the effectiveness of
          the
          Registration Statement or the initiation of any proceedings for that purpose;
          or
          (c) the receipt of any notification with respect to the suspension of the
          qualification or exemption from qualification of any of the Shares for
          sale in
          any jurisdiction or the initiation or threatening of any proceeding for
          such
          purpose.

        

        9.3.4 CNSC
          shall furnish to Holder with respect to the Included Shares registered
          under the
          Registration Statement (and to each underwriter, if any, of such Shares)
          such
          number of copies of prospectuses and such other documents as Holder may
          reasonably request, in order to facilitate the public sale or other disposition
          of all or any of the Included Shares by Holder pursuant to the Registration
          Statement.

        

        9.3.5 In
          connection with any registration pursuant to Section 9.2, CNSC shall file
          or
          cause to be filed such documents as are required to be filed by CNSC for
          normal
          Blue Sky clearance in states specified in writing by Holder; provided,
          however,
          that
          CNSC shall not be required to qualify to do business or consent to service
          of
          process in any jurisdiction in which it is not now so qualified or has
          not so
          consented.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        9.3.6 CNSC
          shall bear and pay all expenses incurred by it and Holder (other than
          underwriting discounts, brokerage fees and commissions, and fees and expenses
          of
          more than one law firm) in connection with the registration of the Shares
          pursuant to the Registration Statement. 

        

        9.3.7 As
          a
          condition to including Registrable Shares in a Registration Statement,
          Holder
          must provide to CNSC such information regarding itself, the Registrable
          Shares
          held by it and the intended method of distribution of such Shares as shall
          be
          required to effect the registration of the Registrable Shares and, if the
          offering is being underwritten, Holder must provide such powers of attorney,
          indemnities and other documents as may be reasonably requested by the managing
          underwriter.

        

        9.3.8 Following
          the effectiveness of the Registration Statement, upon receipt from CNSC
          of a
          notice that the Registration Statement contains an untrue statement of
          material
          fact or omits to state any material fact required to be stated therein
          or
          necessary to make the statements therein not misleading in light of the
          circumstances under which they were made, Holder will immediately discontinue
          disposition of Included Shares pursuant to the Registration Statement until
          CNSC
          notifies Holder that it may resume sales of Included Shares and, if necessary,
          provides to Holder copies of the supplemental or amended prospectus.

        

        9.4 
          Blackout
          Event. CNSC shall not be obligated to file a post-effective amendment or
          supplement to the Registration Statement or the prospectus constituting
          a part
          thereof during the continuance of a Blackout Event; provided, however,
          that no
          Blackout Event may be deemed to exist for more than 60 days. Without the
          express
          written consent of Holder, if required to permit the continued sale of
          Shares by
          Holder, a post-effective amendment or supplement to Registration Statement
          or
          the prospectus constituting a part thereof must be filed no later than
          the
          61st
          day
          following commencement of a Blackout Event.

        

        9.5 
          Rule
          144. With a view to making available to Holder the benefits of Rule 144,
          CNSC
          agrees, until such time as Holder can sell all remaining Registrable Shares
          under the provisions Rule 144(k), to:

        

        9.5.1.1 comply
          with the provisions of paragraph (c)(1) of Rule 144; and

        

        9.5.1.2 file
          with
          the SEC in a timely manner all reports and other documents required to
          be filed
          by CNSC pursuant to Section 13 or 15(d) under the Exchange Act; and, if
          at any
          time it is not required to file such reports but in the past had been required
          to or did file such reports, it will, upon the request of a Purchaser,
          make
          available other information as required by, and so long as necessary to
          permit
          sales of its Shares pursuant to, Rule 144.

        

        9.6 
          CNSC
          Indemnification. CNSC agrees to indemnify and hold harmless Holder, and
          its
          officers, directors and agents (including broker or underwriter selling
          Included
          Shares for Holder), and each person, if any, who controls Holder within
          the
          meaning of Section 15 of the Securities Act or Section 20 of the Exchange
          Act
          from and against any and all losses, claims, damages and liabilities caused
          by
          (a) any violation or alleged violation by CNSC of the Securities Act, Exchange
          Act, any state securities laws or any rule or regulation promulgated under
          the
          Securities Act, Exchange Act or any state securities laws, (b) any untrue
          statement or alleged untrue statement of a material fact contained in any
          registration statement or prospectus relating to the Included Shares (as
          amended
          or supplemented if CNSC shall have furnished any amendments or supplements
          thereto) or any preliminary prospectus, or (c) caused by any omission or
          alleged
          omission to state therein a material fact required to be stated therein
          or
          necessary to make the statements therein not misleading in light of the
          circumstances under which they were made, except insofar as such losses,
          claims,
          damages or liabilities are caused by any such untrue statement or omission
          or
          alleged untrue statement or omission based upon information furnished in
          writing
          to CNSC by Holder or on Holder’s behalf expressly for use therein.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        9.7 
          Holder
          Indemnification. Holder agrees to indemnify and hold harmless CNSC, its
          officers, directors and agents and each person, if any, who controls CNSC
          within
          the meaning of either Section 15 of the Securities Act or Section 20 of
          the
          Exchange Act to the same extent as the foregoing indemnity from CNSC to
          Holder,
          but only with respect to information furnished in writing by Holder or
          on
          Holder’s behalf expressly for use in any registration statement or prospectus
          relating to the Registrable Shares, or any amendment or supplement thereto,
          or
          any preliminary prospectus. 

        

        9.8 
          Indemnification Procedures. In case any proceeding (including any governmental
          investigation) shall be instituted involving any person in respect of which
          indemnity may be sought pursuant to this Section 9, such person (an
“Indemnified
          Party”)
          shall
          promptly notify the person against whom such indemnity may be sought (the
          “Indemnifying
          Party”)
          in
          writing and the Indemnifying Party shall assume the defense thereof, including
          the employment of counsel reasonably satisfactory to such Indemnified Party,
          and
          shall assume the payment of all fees and expenses; provided that the failure
          of
          any Indemnified Party so to notify the Indemnifying Party shall not relieve
          the
          Indemnifying Party of its obligations hereunder except to the extent (and
          only
          to the extent that) that the Indemnifying Party is materially prejudiced
          by such
          failure to notify. In any such proceeding, any Indemnified Party shall
          have the
          right to retain its own counsel, but the fees and expenses of such counsel
          shall
          be at the expense of such Indemnified Party unless (a) the Indemnifying
          Party
          and the Indemnified Party shall have mutually agreed to the retention of
          such
          counsel or (b) in the reasonable judgment of such Indemnified Party
          representation of both parties by the same counsel would be inappropriate
          due to
          actual or potential differing interests between them. It is understood
          that the
          Indemnifying Party shall not, in connection with any proceeding or related
          proceedings in the same jurisdiction, be liable for the reasonable fees
          and
          expenses of more than one separate firm of attorneys (in addition to any
          local
          counsel) at any time for all such Indemnified Parties (including in the
          case of
          Holder, all of its officers, directors and controlling persons) and that
          all
          such fees and expenses shall be reimbursed as they are incurred. In the
          case of
          any such separate firm for the Indemnified Parties, the Indemnified Parties
          shall designate such firm in writing to the Indemnifying Party. The Indemnifying
          Party shall not be liable for any settlement of any proceeding effected
          without
          its written consent (which consent shall not be unreasonably withheld or
          delayed), but if settled with such consent, or if there be a final judgment
          for
          the plaintiff, the Indemnifying Party shall indemnify and hold harmless
          such
          Indemnified Parties from and against any loss or liability (to the extent
          stated
          above) by reason of such settlement or judgment. No Indemnifying Party
          shall,
          without the prior written consent of the Indemnified Party, effect any
          settlement of any pending or threatened proceeding in respect of which
          any
          Indemnified Party is or could have been a party and indemnity could have
          been
          sought hereunder by such Indemnified Party, unless such settlement includes
          an
          unconditional release of such Indemnified Party from all liability arising
          out
          of such proceeding.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        9.9 Contribution.
          To the extent any indemnification by an Indemnifying Party is prohibited
          or
          limited by law, the Indemnifying Party agrees to make the maximum contribution
          with respect to any amounts for which, he, she or it would otherwise be
          liable
          under this Section 9 to the fullest extent permitted by law; provided,
          however,
          that (a) no contribution shall be made under circumstances where a party
          would
          not have been liable for indemnification under this Section 9 and (b) no
          seller
          of Registrable Securities guilty of fraudulent misrepresentation (within
          the
          meaning used in the Securities Act) shall be entitled to contribution from
          any
          party who was not guilty of such fraudulent misrepresentation.

        

        10. Nontransferability.
          Trilogy
          may not sell or transfer any Warrants to any person other than a director,
          officer, employee, manager or affiliate of Trilogy (or a person controlled
          by
          one or more directors, officers, employees, managers or affiliates of Trilogy)
          or to a person or entity that assists Trilogy in providing services to
          CNSC
          pursuant to the Letter of Engagement dated January 1, 2006 as the same
          may be
          amended from time to time, without the consent of CNSC.

        

        11. Severability.
          If
          any
          term, provision, covenant or restriction of these Warrants is held by a
          court of
          competent jurisdiction to be invalid, void or unenforceable, the remainder
          of
          the terms, provisions, covenants and restrictions of these Warrants shall
          remain
          in full force and effect and shall in no way be affected, impaired or
          invalidated.

        

        12. Notices.
          All
          notices, requests, consents and other communications required hereunder
          shall be
          in writing and shall be effective when delivered or, if delivered by registered
          or certified mail, postage prepaid, return receipt requested, shall be
          effective
          on the third day following deposit in United States mail: to the Holder,
          at
          Trilogy Capital Partners, Inc., 11726 San Vicente Boulevard, Suite 235,
          Los
          Angeles, CA 90049; and if addressed to CNSC, at CenterStaging Corp., 3407
          Winona
          Avenue, Burbank, CA 91504, or such other address as Holder or CNSC may
          designate
          in writing.

        

        13. No
          Rights as Shareholder. The
          Holder shall have no rights as a shareholder of CNSC with respect to the
          shares
          issuable upon exercise of the Warrants until the receipt by CNSC of all
          of the
          Exercise Documents. 

         

        
          	 	 	CenterStaging Corp.
	 	 	 
	 	 	By:
                  /s/ Roger Paglia

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        EXHIBIT
          “A”

        NOTICE
          OF EXERCISE

        (To
          be signed only upon exercise of the Warrants)

        

        

        To: CenterStaging
          Corp.

         

        The
          undersigned hereby elects to purchase shares of Common Stock (the “Warrant
          Shares”)
          of
          CenterStaging
          Corp.
          (“CNSC”),
          pursuant to the terms of the enclosed warrant certificate (the “Certificate”).
          The
          undersigned tenders herewith payment of the exercise price pursuant to
          the terms
          of the Certificate. 

         

        The
          undersigned hereby represents and warrants to, and agrees with, CNSC as
          follows:

         

        1. Holder
          is
          acquiring the Warrant Shares for its own account, for investment purposes
          only.

         

        2. Holder
          understands that an investment in the Warrant Shares involves a high degree
          of
          risk, and Holder has the financial ability to bear the economic risk of
          this
          investment in the Warrant Shares, including a complete loss of such investment.
          Holder has adequate means for providing for its current financial needs
          and has
          no need for liquidity with respect to this investment.

         

        3. Holder
          has such knowledge and experience in financial and business matters that
          it is
          capable of evaluating the merits and risks of an investment in the Warrant
          Shares and in protecting its own interest in connection with this
          transaction.

         

        4. Holder
          understands that the Warrant Shares have not been registered under the
          Securities Act or under any state securities laws. Holder is familiar with
          the
          provisions of the Securities Act and Rule 144 thereunder and understands
          that
          the restrictions on transfer on the Warrant Shares may result in Holder
          being
          required to hold the Warrant Shares for an indefinite period of
          time.

         

        5. Holder
          agrees not to sell, transfer, assign, gift, create a security interest
          in, or
          otherwise dispose of, with or without consideration (collectively, “Transfer”)
          any of
          the Warrant Shares except pursuant to an effective registration statement
          under
          the Securities Act or an exemption from registration. As a further condition
          to
          any such Transfer, except in the event that such Transfer is made pursuant
          to an
          effective registration statement under the Securities Act, if in the reasonable
          opinion of counsel to CNSC any Transfer of the Warrant Shares by the
          contemplated transferee thereof would not be exempt from the registration
          and
          prospectus delivery requirements of the Securities Act, CNSC may require
          the
          contemplated transferee to furnish CNSC with an investment letter setting
          forth
          such information and agreements as may be reasonably requested by CNSC
          to ensure
          compliance by such transferee with the Securities Act.

        
 

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        Each
          certificate evidencing the Warrant Shares will bear the following
          legend:

         

        “THE
          SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
          THE
          SECURITIES ACT OF 1933 (THE “ACT”) OR ANY APPLICABLE STATE SECURITIES LAWS AND
          MAY NOT BE EXERCISED, SOLD, PLEDGED OR TRANSFERRED IN THE ABSENCE OF AN
          EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE ACT OR UNLESS
          AN
          EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

         

        6. Immediately
          following this exercise of Warrants, if as of the date of exercise CNSC
          has a
          class of securities registered under Section 12 of the Securities Exchange
          Act
          of 1934, as amended, the undersigned will not beneficially own five percent
          (5%)
          or more of the then outstanding Common Stock of CNSC (based on the number
          of
          shares outstanding set forth in the most recent periodic report filed by
          CNSC
          with the Securities and Exchange Commission and any additional shares which
          have
          been issued since that date of which Holder is aware have been
          issued).

         

        Number
          of
          Warrants Exercised: ______________

        Net
          Exercise ____ Yes ___ No 

        Dated:
          ____________________EX 10.4

    EXHIBIT
      10.4

    EMPLOYMENT
      AGREEMENT

     

    This
      Employment Agreement (this “Agreement”)
      is
      entered into as of December 5, 2005, by and between CenterStaging Musical
      Productions, Inc. (the “Company”)
      and
      Tommy Nast (the “Employee”).

     

    In
      consideration of the promises and mutual covenants outlined herein, and other
      good and valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, it is mutually covenanted and agreed by and among the parties
      as
      follows:

     

    1. Engagement
      and Responsibilities 

     

    1.1 Engagement.
      Upon
      the terms and subject to the conditions set forth in this Agreement, the Company
      hereby engages and employs Employee to provide services in connection with
      strategic planning and business development, and Employee hereby accepts such
      engagement and employment.

     

    1.2 Duties.
      Employee’s duties and responsibilities shall be those incident to the positions
      set forth in Section 1.1, and shall include those duties and services for
      the Company Group as any executive officer shall, in his sole and absolute
      discretion, from time to time reasonably direct which are not inconsistent
      with
      Employee’s positions described in Section 1.1.
      

     

    1.3 Standard
      of Care.
      During
      the Term, Employee shall perform his duties faithfully and to the best of his
      ability and shall devote his business efforts and time to the Company, to
      fulfill the objectives of the Company.

     

    1.4 Other
      Activities.
      Employee shall devote his full business time to the business and affairs of
      the
      Company, provided, however, that Employee may perform civil and charitable
      activities. 

     

    2. Definitions.
      For
      purposes of this Agreement, the following terms shall have the meanings set
      forth below:

     

    2.1 “Affiliate”
shall
      mean, with respect to any specified Person, (a) any other Person who,
      directly or indirectly, owns or controls, is under common ownership or control
      with, or is owned or controlled by, such specified Person, (b) any other
      Person who is a director, officer, partner or trustee of the specified Person
      or
      a Person described in clause (a) of this definition or any spouse of the
      specified Person or any such other Person, (c) any relative of the
      specified Person or any other Person described in clause (b) of this
      definition, or (d) any Person of which the specified Person and/or any one
      or more of the Persons specified in clause (a),(b) or (c) of this
      definition, individually or in the aggregate, beneficially own 20% or more
      of
      any class of voting securities or otherwise have a substantial beneficial
      interest. 

     

    2.2 “Agreement
      Year”
shall
      mean the period commencing January 1 and terminating the following December
      31,
      starting with January 1, 2006.

     

    2.3 “Board”
shall
      mean the Board of Directors of the Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.4 “Cause”
shall
      mean, in the context of the termination of Employee’s employment by the Company,
      termination by vote of the Board based on one or more of the following
      reasons:

     

    2.4.1 willful
      and repeated failure to comply with the lawful directions of the Board or an
      executive officer or officers senior to Employee;

     

    2.4.2 gross
      negligence or willful misconduct in the performance of Employee’s duties to the
      Company;

     

    2.4.3 commission
      of any act of fraud against the Company Group; or

     

    2.4.4 participation
      in a fraud against the Company Group that adversely affects the Company in
      a
      material way

     

    2.4.5 breach
      of
      any obligation, duty or agreement under this Agreement, which breach is not
      cured or corrected within 15 days of written notice thereof from the
      Company (except for breaches of Sections 1.4 and 10 of this Agreement,
      which cannot be cured and for which the Company need not give any opportunity
      to
      cure.

     

    2.5 “Change
      of Control”
shall
      mean: 

     

    2.5.1 any
      “person” (as such term is used in Sections 13(d) and 14(d) of the Securities
      Exchange Act of 1934, as amended), other than any Principal Stockholder or
      Stockholders, becomes the “beneficial owner” (as defined in Rule 3d-3 under said
      Act), directly or indirectly, of securities of the Company representing 50%
      or
      more of the total voting power represented by the Company’s then outstanding
      voting securities; or 

     

    2.5.2 the
      date
      of the consummation of a merger or consolidation of the Company with any other
      corporation that has been approved by the stockholders of the Company, other
      than a merger or consolidation which would result in the voting securities
      of
      the Company outstanding immediately prior thereto continuing to represent
      (either by remaining outstanding or by being converted into voting securities
      of
      the surviving entity or the parent corporation of the surviving entity) more
      than 50% of the total voting power represented by the voting securities of
      the
      Company, the surviving entity or the parent of the surviving entity, as
      applicable, outstanding immediately after such merger or consolidation;
      or

     

    2.5.3 the
      date
      the stockholders of the Company approve a plan of complete liquidation of the
      Company; or

     

    2.5.4 the
      date
      of the consummation of the sale or disposition by the Company of all or
      substantially all of the Company’s assets other than to a Person of which the
      Principal Stockholders own directly or indirectly more than 50% of the total
      voting power represented by the voting securities of such Person. 

     

    For
      purposes of the definition of Change of Control, if the Company is a subsidiary
      of another corporation or entity, references in this Section 2.5 to the Company
      shall mean such other corporation or entity, and it shall be deemed under
      Section 2.5.4 that the Company shall have sold “all or substantially all of the
      Company’s assets” if either: (i) any person” (as such term is used in Sections
      13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other
      than
      any Principal Stockholder or Stockholders, becomes the “beneficial owner” (as
      defined in Rule 3d-3 under said Act), directly or indirectly, of securities
      of
      CenterStaging Musical Productions, Inc. representing 50% or more of the total
      voting power represented by the Company’s then outstanding voting securities; or
      (ii) CenterStaging Musical Productions, Inc. sells or disposes of all or
      substantially all of its assets. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    2.6 “Company
      Group”
shall
      mean the Company and each Person that is consolidated with the Company for
      financial reporting purposes, including as of the date hereof Knight Fuller,
      Inc. 

     

    2.7 “Confidential
      Information”
shall
      mean any and all information concerning the business of the Company that
      Employee may receive or develop during his engagement pursuant to this Agreement
      including, without limitation, all documents, procedures, policies, programs,
      reports, plans, proposals, technical information, know-how, systems and other
      information unique to the Company, its customers or principals, received or
      developed by Employee.

     

    2.8 “Inventions”
shall
      mean all discoveries, developments, designs, improvements, inventions, formulas,
      software programs, processes, techniques, know-how, negative know-how, data,
      research, techniques, and technical data (whether or not patentable or
      registrable under patent, copyright or similar statutes and including all rights
      to obtain, register, perfect, and enforce those proprietary interests) that
      are
      related to or useful in the Company’s present or future business or result from
      use of property owned, leased, or contracted for by the Company. “Inventions”
shall
      also include anything that derives actual or potential economic value from
      not
      being generally known to the public or to other persons who can obtain economic
      value from its disclosure or use.

     

    2.9 “Person” shall
      mean an individual or a corporation, limited liability company, limited
      liability partnership, partnership, association, trust or other entity.

     

    2.10 “Proprietary
      Information”
shall
      mean information (a) that is not known by actual or potential competitors of
      the
      Company or is generally unavailable to the public; (b) that has been
      created, discovered, developed, or otherwise become known to the Company or
      in
      which property rights have been assigned or otherwise conveyed to the Company;
      and (c) that has material economic value or potential material economic value
      to
      the Company’s present or future business. “Proprietary Information” shall
      include trade secrets (as defined under California Civil Code Section 3426.1)
      and all other discoveries, developments, designs, improvements, inventions,
      formulas, software programs, processes, techniques, know-how, negative know-how,
      data, research, techniques, technical data, customer and supplier lists, and
      any
      modifications or enhancements of any of the foregoing, and all program,
      marketing, sales, or other financial or business information disclosed to
      Employee by the Company, either directly or indirectly, in writing or orally
      or
      by drawings or observation, which has actual or potential economic value to
      the
      Company.

     

    2.11 “Principal
      Stockholders”
shall
      mean Johnny Caswell, Jan Parent, Howard Livingston, Roger Paglia, and their
      respective Affiliates.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    2.12 “Rights”
shall
      mean all patents, trademarks, service marks and copyrights, and other rights
      pertaining to Proprietary Information, Inventions, or both.

     

    2.13 “Severance
      Termination Date”
shall
      mean the earlier to occur of: (a) Employee’s death, and (b) the later to occur
      of: (i) one year from the date of termination of employment and (ii) December
      31, 2008.

     

    2.14 “Term”
shall
      mean the period commencing on January 1, 2006 and ending upon termination of
      Employee’s engagement pursuant to Section 3 of this Agreement.

     

    2.15 “Weighted
      Average Available Cash”
shall
      mean, for any month, the weighted average cash and cash equivalents of the
      Company Group for such month. 

     

    3. Term
      and Termination.
      Employee’s engagement and employment by the Company pursuant to this Agreement
      shall commence on January 1, 2006 and shall terminate upon the earliest to
      occur
      of the following:

     

    3.1 upon
      the
      death of Employee;

     

    3.2 upon
      delivery to Employee of written notice of termination by the Company if Employee
      shall suffer a physical or mental disability which renders Employee, in the
      reasonable judgment of the Board, unable to perform his duties and obligations
      under this Agreement for either 90 consecutive days or 180 days in any 12-month
      period;

     

    3.3 upon
      delivery to Employee of written notice of termination by the Company for
      Cause; 

     

    3.4 upon
      delivery to Employee of written notice of termination by the Company other
      than
      for Cause; or

     

    3.5 upon
      a
      Change of Control, unless Employee elects to continue his engagement pursuant
      to
      this Agreement by written notice to the Company prior to the occurrence of
      the
      Change of Control. 

     

    4. Compensation

     

    4.1 Base
      Compensation.
      During
      the Term, the Company shall pay Employee as minimum compensation for his
      services a base salary at the annualized rate of $250,000 through December
      31,
      2006, and at the amount determined by the Board thereafter, but not less than
      an
      increase of 10% per year (the “Base
      Salary”).
      The
      Base Salary shall be payable in accordance with the Company’s payroll practices
      but not less frequently than monthly. 

     

    4.2 Bonus.
      In
      addition to the Base Salary, Employee shall be entitled to an annual bonus
      (the
“Bonus”)
      for
      Agreement Year commencing with 2006 in the minimum amount of $50,000. The
      Company shall pay the Bonus by March 15 following each Agreement Year,
provided
      that if
      the Company’s Weighted Average Available Cash for December of an Agreement Year
      is less than $2,000,000, the Company may defer payment of the Bonus for such
      Agreement Year until 30 days following the last day of the first month
      thereafter on which the Company has Weighted Average Available Cash of at least
      $2,000,000.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    4.3 Withholding.
      The
      Company may deduct from any compensation payable to Employee (including payments
      made pursuant to Section 8 of this Agreement in connection with or following
      termination of employment) amounts sufficient to cover Employee’s share of
      applicable federal, state and/or local income tax withholding, old-age and
      survivors’ and other social security payments, state disability and other
      insurance premiums and payments.

     

    5. Benefits.
      During
      the Term, the Company shall provide Employee with the following benefits, at
      no
      cost or expense to the Employee: (a) medical, dental and vision insurance
      (co-pays to be paid by Employee); (b) term life insurance with a death benefit
      equal up to $2,000,000 and a beneficiary(ies) of Employee’s choice; provided
      that the
      Company shall not be required to expend more than $5,000 per year for the
      premiums for such term life insurance. Employee shall also have the right to
      participate in such other benefit plans that the Company may from time to time
      make available to its officers. 

     

    6. Expenses.
      During
      the Term, the Company shall reimburse Employee for travel, entertainment or
      other expenses incurred by Employee in the furtherance of or in connection
      with
      the performance of Employee’s duties hereunder. Employee shall be entitled to
“business” class travel and accommodations. 

     

    7. Vacations
      and Holidays.
      During
      the Term, Employee will be entitled to paid vacation accruing at 1.25 days
      per
      month, with the timing and duration of specific vacations mutually and
      reasonably agreed to by the Company and Employee. In addition, Employee will
      be
      entitled to all enumerated Company holidays and three floating holidays per
      year. The right to carry over unused vacation in any given year shall be subject
      to Company policy. 

     

    8. Severance
      Payments/Benefits Following Termination of Employment.
      Employee shall be entitled to the following severance benefits upon termination
      of employment, and no other severance benefits (and for purposes of the
      following, all pro-rations shall be based on the number of days Employee was
      employed in the Agreement Year in which employment terminated):

     

    8.1 If
      Employee’s employment with the Company terminates by reason of Section 3.1
      (Employee’s death) or Section 3.2 (Employee’s disability), Employee shall be
      entitled to a pro rata share of the minimum Bonus that Employee would have
      earned in the Agreement Year in which his employment terminated. 

     

    8.2 If
      Employee’s employment with the Company terminates pursuant to Section 3.3 (by
      the Company for Cause): (a) Employee shall be entitled to no severance benefits;
      and (b) subject to applicable law and regulations, the Company shall be entitled
      to offset against any payments due Employee the loss and damage, if any, which
      shall have been suffered by the Company as a result of the acts or omissions
      of
      Employee giving rise to termination under Section 3.3. The foregoing shall
      not be construed to limit any cause of action, claim or other rights that the
      Company may have against Employee in connection with such acts or
      omissions.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    8.3 If
      Employee’s employment with the Company terminates by reason of Section 3.4
      (termination by the Company without cause), Employee shall be entitled to
      receive, until the Severance Termination Date: (a) salary at the rate in effect
      upon termination of employment; (b) an annual Bonus equal to $50,000 (prorated
      for the Agreement year in which the Severance Termination Date occurs); and
      (c)
      a continuation of medical, dental, vision, term life and other insurance as
      provided under Section 5 of this Agreement; provided
      that
      Employee shall be entitled to other insurance only to the extent permitted
      under
      the terms of the Company’s insurance policies (e.g., Employee would be entitled
      to be covered by disability insurance only if the policy permitted coverage
      for
      non-employees or persons of Employee’s age, health, etc.). 

     

    8.4 If
      Employee’s employment terminates as a result of a Change of Control, Employee
      shall be entitled to: (a) as of the closing of the Change of Control if the
      Company is a party to the transaction resulting in a Change of Control, or
      within 30 days after a Change of Control if the Company is not a party to the
      Change of Control, a lump sum payment equal to the greater of: (i) Employee’s
      annual salary at the rate in effect as of the date of Change of Control plus
      $50,000; and (ii) the amount of salary and minimum annual Bonuses that Employee
      would receive from the date of Change of Control to December 31, 2008; and
      (b)
      continuation of medical, vision, dental, term life and other insurance benefits
      provided under Section 5 of this Agreement until the later of December 31,
      2008
      and one year following the Change of Control. 

     

    8.5 For
      Employee to receive the severance benefits under Sections 8.3 and 8.4 of this
      Agreement, Employee must execute and deliver to the Company a release, in form
      and substance satisfactory to the Company, releasing the Company from all claims
      relating to Employee’s employment and termination of employment, excluding
      express rights of Employee under this Agreement and rights to indemnification
      under any other agreement that Employee may have with any member of the Company
      Group and under applicable law. The release shall not include a release of
      the
      rights of Employee under contracts not relating to his employment with the
      Company (for example, Employee shall not release rights under a lease pursuant
      to which Employee has leased real or personal property to the
      Company).

     

    8.6 Employee
      acknowledges that in the event of termination of his employment for any reason,
      Employee shall not be entitled to any severance or other compensation from
      the
      Company except as specifically provided in this Section 8. Without
      limitation on the generality of the foregoing, this section supersedes any
      plan
      or policy of the Company that provides for severance to its officers or
      employees, and Employee shall not be entitled to any benefits under any such
      plan or policy.

     

    8.7 Employee
      acknowledges that the Company has the right to terminate Employee’s employment
      without cause and that such termination shall not be a breach of this Agreement
      or any other express or implied agreement between the Company and Employee.
      Accordingly, in the event of such termination, Employee shall be entitled only
      to those benefits specifically provided for in this Agreement in the event
      of
      such termination, and shall not have any other rights to any compensation or
      damages from the Company for breach of contract.

     

    9. Conditional
      Nature of Severance Payments; Non-Compete.
      Employee acknowledges that the nature of the Company’s business is such that if
      Employee were to become retained, engaged, employed by, or substantially
      involved in the business of a direct competitor of the Company during the period
      following the termination of Employee’s relationship with the Company, it would
      be very difficult for Employee not to rely on or use the Company’s trade secrets
      and confidential information. Thus, to avoid the inevitable disclosure of the
      Company’s trade secrets and confidential information, Employee agrees and
      acknowledges that Employee’s right to receive the severance and other benefits
      set forth in Section 8 of this Agreement shall be conditioned upon Employee
      not
      directly or indirectly engaging in (whether as an employee, consultant, agent,
      proprietor, principal, partner, stockholder other than as the holder of less
      than 5% of the issued and outstanding stock of a publicly held corporation,
      member corporate officer, director or otherwise), nor having any ownership
      interest in or participating in the financing, operation, management or control
      of, any Person that is in direct competition with the Company until the later
      of
      December 31, 2008 or one year from termination of employment. Upon any material
      breach of this Section 9 by Employee, the Company shall have no obligation
      to
      provide any further severance payments and other benefits pursuant Sections
      8 of
      this Agreement. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    10. Confidential
      Information

     

    10.1 Non-Disclosure.
      At all
      times during Employee’s employment, and after termination of employment,
      Employee shall not make any unauthorized disclosure or use of and shall use
      his
      best efforts to prevent publication or disclosure or use of the Confidential
      Information.

     

    10.2 Consent
      to Restraining Order.
      Employee acknowledges that any unauthorized disclosure or use of the
      Confidential Information by Employee may result in material damages to the
      Company and Employee consents to the issuance of a temporary restraining order
      or temporary or permanent injunction or other equitable remedy to prohibit,
      prevent or enjoin unauthorized disclosure or use of Confidential Information
      by
      Employee.

     

    10.3 Restrictions.
      Except
      as authorized by the Company, Employee will not:

     

    10.3.1 duplicate,
      transfer or disclose nor allow any other Person to duplicate, transfer or
      disclose any of the Company’s Confidential Information;

     

    10.3.2 use
      the
      Company’s Confidential Information without the prior written consent of the
      Company; or

     

    10.3.3 incorporate,
      in whole or in part, within any domestic or foreign patent application any
      proprietary or Confidential Information disclosed by the Company.

     

    10.4 Safeguarding.
      Employee will safeguard all Confidential Information at all times so that it
      is
      not exposed to or used by unauthorized persons, and will exercise at least
      the
      same degree of care to protect Employee’s own confidential
      information.

     

    10.5 Exceptions.
      The
      restrictive obligations set forth above shall not apply to the disclosure or
      use
      of information which:

     

    10.5.1 is
      or
      later becomes publicly known under circumstances involving no breach of this
      Agreement by Employee;

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    10.5.2 is
      already known to Employee in the same form at the time of receipt of the
      Confidential Information; or

     

    10.5.3 is
      lawfully made available to Employee by a third party.

     

    10.6 Public
      Domain.
      If
      Employee contends that any such Confidential Information disclosed to him by
      the
      Company is in the public domain or was in the possession of Employee in the
      same
      form prior to such disclosure and not under an obligation of confidence,
      Employee will, within ten days of receipt by Employee of such disclosure, give
      written notice of such contention to the Company, which written notice shall
      include a complete identification of the information in question and the
      derivation thereof, including particulars of any contract in which Employee
      or
      any other Person has made use of such concept or information. If Employee has
      not within ten days of receipt by Employee of such disclosure given such written
      notice to the Company, then it shall be conclusively presumed that all
      information communicated by the Company to Employee concerning the development
      originated with the Company and constitutes Confidential
      Information.

     

    10.7 Bringing
      Documents from Former Employer.
      Employee hereby certifies that he has not brought and will not bring with him
      to
      the Company or use while performing his executive duties for the Company any
      materials or documents of a former employer of Employee which are not generally
      available to the public except the know-how to which the right to use has been
      duly licensed to the Company by such former employer. Employee understands
      that
      while employed by the Company, he is not to breach any obligation of confidence
      or duty and Employee agrees that he will fulfill all such obligations during
      his
      employment with the Company.

     

    10.8 Survival.
      The
      provisions of this Section 10 shall survive the termination of this
      Agreement.

     

    11. Intellectual
      Property

     

    11.1 All
      Proprietary Information and Inventions shall be the sole and exclusive property
      of the Company and its assigns, and the Company and its assigns shall be the
      sole owner of all Rights.

     

    11.2 Company
      forever owns throughout the universe in all media now or later known, from
      inception, all right, title, and interest (including, without limitation,
      worldwide rights of copyright) in any and all of Employee’s work product
      (“Work
      Product”)
      embodied in any intangible or tangible form, including, without limitation,
      all
      designs, ideas, concepts, themes, stories, suggestions, reports, plans,
      specifications, drawings, photographs, videotapes, schematics, discs,
      prototypes, samples, models, Inventions, Proprietary Information, and all other
      things, information, documents, and items in any media (now known or hereafter
      developed) made during the course of or in contemplation of the entry into
      this
      Agreement and arising from or during the provision of the services delineated
      herein or provided heretofore or otherwise during Employee’s services, as a
      work-made-for-hire for the Company. The Company shall have the right to utilize
      the Work Product, or authorize or permit others to utilize the Work Product,
      in
      whole or in part, in any manner without limitation or restriction as the Company
      shall elect, or refrain from using the Work Product, at the Company’s election.
      The Work Product and all related rights emanating therefrom such as the right
      to
      reproduce, display, distribute, perform, and prepare derivative works shall
      be
      owned solely by the Company and deemed to be the Company’s work-made-for-hire
      under the U.S. copyright laws and similar laws of other countries and related
      international treaties and conventions.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    11.3 To
      the
      extent that any Work Product is not deemed to be work-made-for-hire, then
      Employee hereby assigns to the Company all right, title and interest in all
      Work
      Product (including, without limitation, all worldwide rights of copyright)
      he
      creates or co-creates under this Agreement. On Company’s request, Employee
      agrees to assist the Company, at its expense, in obtaining trademarks,
      copyrights or patents, including the disclosure of all pertinent information
      and
      data, in the execution of all applications, specifications, oaths, and
      assignments, and in the preparation of all other instruments and papers which
      the Company or its successors deems necessary to apply for and to obtain the
      assignment or conveyance of said trademarks, copyrights and patents to the
      Company. Employee shall execute, as and when requested, a Certificate of
      Authorship, but his signature on this Agreement is deemed to have the same
      force
      and legal effect.

     

    12. Assignment.
      This
      Agreement will be binding upon and inure to the benefit of (a) the heirs,
      executors and legal representatives of Employee upon Employee’s death, and (b)
      any successor of the Company as a result of any consolidation or merger or
      the
      sale of all or substantially all of the assets of the Company. Any such
      successor of the Company will be deemed substituted for the Company under the
      terms of this Agreement for all purposes. None of the rights of Employee to
      receive any form of compensation payable pursuant to this Agreement may be
      assigned or transferred except by Employee by will or the laws of descent and
      distribution. 

     

    13. Notices.
      All
      notices, requests, demands and other communications called for hereunder shall
      be in writing and shall be deemed given (a) on the date of delivery if delivered
      personally, (b) one day after being sent by a well established commercial
      overnight service, or (c) four days after being mailed by registered or
      certified mail, return receipt requested, prepaid and addressed to the parties
      or their successors at the following addresses, or at such other addresses
      as
      the parties may later designate in writing:

     

    
      	
              If
                to the Company:

            
	 
	
              CenterStaging
                Musical Productions, Inc.

              3407
                Winona Avenue

              Burbank,
                CA 91504

              Attn:
                Chief Executive Officer

            
	 
	
              If
                to Employee:

            
	
               

              at
                the last residential address known by the
                Company.

            

    

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    14. Severability.
      In the
      event that any provision hereof becomes or is declared by a court of competent
      jurisdiction to be illegal, unenforceable or void, this Agreement will continue
      in full force and effect without said provision.

     

    15. Arbitration.
      With
      the exception of matters in which equitable or injunctive relief is sought
      or
      required, the parties to this Agreement shall submit all disputes relating
      to
      this Agreement, whether sounding in contract, tort, or based on a state, federal
      or administrative statute, rule, or regulation, or all of them, to binding
      arbitration in accordance with California Civil Procedure Code Sections 1280
      through 1294.2. Either party may enforce the award of the arbitrator under
      Section 1285 of the Code. The parties understand that they are waiving their
      rights to a jury trial. For matters in which equitable or injunctive relief
      is
      sought or required, a court of competent jurisdiction shall be the appropriate
      forum. The party demanding arbitration shall submit a written claim to the
      other
      party, setting out the basis of the claim and proposing the name of the
      arbitrator. The responding party shall have 10 business days in which to respond
      to this demand in a written answer, and to either accept or reject the proposed
      arbitrator. If the proposed arbitrator is accepted, the arbitration will proceed
      before the designated arbitrator, who will establish the rules of the
      proceeding; provided, however, that reasonable discovery rules will apply so
      that both sides can obtain the necessary information to prepare the matter
      for
      arbitration, but recognizing that certain limitations may be appropriate to
      lessen the cost of the arbitration; provided, further, that the arbitrator
      shall
      permit the filing of motions for summary judgment. If the responding party
      rejects the proposed arbitrator, said party will propose an arbitrator to the
      party demanding arbitration who shall have ten (10) days to either accept or
      reject the proposed arbitrator. If rejected, the entire dispute will then be
      submitted to the American Arbitration Association and will be governed by its
      then Employment Dispute and/or Commercial Litigation Rules. In either case,
      the
      Arbitration will be conducted in the County of Los Angeles and the costs of
      it
      (administrative and arbitrator fees) will be borne by the Company.

     

    16. Integration.
      This
      Agreement represents the entire agreement and understanding between the parties
      as to the subject matter herein and supersedes all prior or contemporaneous
      agreements whether written or oral. No waiver, alteration, or modification
      of
      any of the provisions of this Agreement will be binding unless in writing and
      signed by duly authorized representatives of the parties hereto.

     

    17. Governing
      Law.
      This
      Agreement will be governed by the laws of the State of California (with the
      exception of its conflict of laws provisions).

     

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

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    19. Confidentiality
      of Terms.
      Until
      such time as this Agreement or the terms and conditions of this Agreement are
      made public, Employee and the Company mutually agree not to disclose, either
      directly or indirectly, any information, including any of the terms of this
      agreement, regarding compensation, salary, bonuses, or stock purchase or option
      allocations to any Person, including other employees and/or consultants of
      the
      Company; provided,
      however,
      that
      Employee may discuss such terms with members of his immediate family and any
      legal, tax or accounting specialists who provide individual legal, tax or
      accounting advice; and provided,
      further,
      that the
      Company Group may disclose this Agreement and the terms and conditions of this
      Agreement: (a) when required by applicable law; (b) to actual or potential
      acquirors, lenders and investors; (c) to investment bankers, consultants and
      others retained by the Company; (d) to the Company’s auditors; (e) if believed
      necessary by the Company, in the Company’s financial statements; and (f) in a
      registration statement or other filing with the Securities and Exchange
      Commission under the Securities Act of 1933, as amended, or the Securities
      Exchange Act of 1934, as amended. 

     

    IN
      WITNESS WHEREOF, each of the parties has executed this Agreement, in the case
      of
      the Company by its duly authorized officer, of the day and year first above
      written.

     

    
      	 	 	 
	 	
              CenterStaging
                Musical Productions, Inc. 

            
	 
 	 
 	 
 
	 	By:  	/s/ Roger
              Paglia
	 	
              

              Roger
                Paglia, Chief Executive Officer

            
	 	 
	 	 
	 	
              Employee

            
	 	 
	 	/s/
              Tommy Nast
	 	
              Tommy
                Nast

            

    

     

    
      
        
        

      

      11

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