Document:

EXHIBIT 10.2

                            INVESTOR RIGHTS AGREEMENT

     This  INVESTOR  RIGHTS  AGREEMENT  (this "AGREEMENT") is entered into as of
                                               ---------
June __, 2005, by and among (i) Taylor Madison Corp., a Florida corporation (the
"COMPANY");  (ii)  Michael  J. Vosch,  James P. Tolan, Don Sproat, and Carol Sue
 -------
Feagan,  each  an  individual  (collectively,  the  "FOUNDERS"),  (iii)  Telzuit
                                                     --------
Technologies,  LLC,  a  Florida  limited liability company, and (iv) each of the
persons  identified  as  Series  A  investors  on  Schedule  A  attached to this
Agreement  (the  "SERIES  A  INVESTORS").

                                    RECITALS
                                    --------

     The  Company,  Founders  and  the  Series  A  Investors  are parties to the
Securities  Purchase Agreement of even date herewith (the "PURCHASE AGREEMENT").
                                                           ------------------
To  induce  the  Company to enter into the Purchase Agreements and to induce the
Series  A  Investors  to  invest  funds  in the Company pursuant to the Purchase
Agreement,  the  Series  A Investors, the Founders, and the Company hereby agree
that  this  Agreement  shall  govern  the rights of the Investors (as defined in
Section  1  below)  to  cause  the  Company  to  register shares of Common Stock
----------
issuable to the Series A Investor and the Series B Investors, to receive certain
information  from  the Company, to participate in future equity offerings by the
Company,  and  to  certain  other  matters  as  set  forth  in  this  Agreement.

     NOW, THEREFORE, in consideration of the foregoing recitals and for good and
other  valuable consideration hereinafter set forth, the receipt and sufficiency
of  which  are  hereby acknowledged, the parties hereto, intending to be legally
bound,  hereby  agree  as  follows:

     1.     DEFINITIONS.  For  purposes  of  this  Agreement:
            -----------

     "AFFILIATE" means with respect to any individual, corporation, partnership,
      ---------
association,  trust,  or any other entity (in each case, a "PERSON"), any Person
                                                            ------
that,  directly  or  indirectly,  Controls, is Controlled by, or is under common
Control  with  such  Person,  including without limitation, any general partner,
executive  officer,  or  director of such Person or any holder of ten percent or
more  of  the  outstanding  equity  or  voting  power  of  such  Person.

     "COMMON STOCK" means shares of the Company's common stock, par value $0.001
      ------------
per share.

     "CONTROL"  means the possession, directly or indirectly, of power to direct
      -------
or  cause  the direction of management or policies (whether through ownership of
voting securities, by agreement or otherwise).

     "EXCHANGE  ACT"  means the Securities Exchange Act of 1934, as amended, and
      -------------
the rules and regulations promulgated thereunder.

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     "GAAP" means generally accepted accounting principles.
      ----

     "HOLDER"  means any Series A Investor owning or having the right to acquire
      ------
Registerable Securities or any assignee thereof.

     "IMMEDIATE  FAMILY  MEMBER"  means  a child, stepchild, grandchild, parent,
      -------------------------
stepparent,  grandparent,  spouse,  sibling,  mother-in-law,  father-in-law,
son-in-law,  daughter-in-law,  brother-in-law,  or  sister-in-law,  including
adoptive relationships, of a person referred to herein.

     "NEW  SECURITIES"  means  equity  securities  of  the  Company, whether now
      ---------------
authorized  or  not,  or  rights,  options,  or warrants to purchase such equity
securities,  or  securities  of  any  type  whatsoever  that are, or may become,
convertible into or exchangeable into or exercisable for such equity securities.

     "PREFERRED STOCK" means shares of the Company's Series A Preferred Stock.
      ---------------

     "REGISTER,"  "REGISTERED,"  and  "REGISTRATION"  refer  to  a  registration
      --------     ----------          ------------
effected by preparing and filing a registration statement or similar document in
compliance  with  the  Securities  Act,  and  the  declaration  or  ordering  of
effectiveness of such registration statement or document.

     "REGISTERABLE  SECURITIES  THEN  OUTSTANDING"  means  the  number of shares
      -------------------------------------------
determined  by adding the number of shares of Common Stock outstanding that are,
and  the  number of shares of Common Stock issuable pursuant to then exercisable
or convertible securities that are, Registerable Securities.

     "SEC" means the Securities and Exchange Commission.
      ---

     "SEC  RULE  144" means Rule 144 promulgated by the SEC under the Securities
      --------------
Act.

     "SEC  RULE  144(E)"  means  Rule  144(e)  promulgated  by the SEC under the
      ----------------
Securities Act.

     "SECURITIES  ACT"  means  the  Securities  Act of 1933, as amended, and the
      ---------------
rules and regulations promulgated thereunder.

     "SERIES  A  PREFERRED  STOCK"  means  shares  of  the  Company's  Series  A
      ---------------------------
Convertible Preferred Stock, par value $0.001 per share.

     "SECURITIES  PURCHASE AGREEMENT" means the Stock Purchase Agreement of even
      ------------------------------
date  herewith  between  the  Company,  Telzuit  Technologies,  Inc.,  Telzuit
Technologies, LLC, Michael J. Vosch, James P. Tolan, and Don Sproat, and each of
the persons listed on Exhibit A attached thereto purchasing Series A Convertible
                      ---------
Preferred Stock issued by the Company.

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      "SHARES"  means  shares  of  capital  stock of  the  Company  at  any time
       ------
outstanding,  including  shares  of  Preferred  Stock and shares of Common Stock
issued or issuable upon exercise or conversion, as applicable, of stock options,
warrants,  or  other  convertible  securities  of the Company, in each case, now
owned  or  subsequently  acquired  by  any  Stockholder,  or  such Stockholder's
successors  or  assigns.

     "STOCKHOLDERS"  means,  collectively,  the  Founders  and  the  Series  A
      ------------
Investors.

     "SUBSIDIARY"  means  any  entity  of  which  securities  or other ownership
      ----------
interests  having  voting power to elect a majority of the board of directors or
other  Persons  performing  similar  functions  or otherwise granting the holder
Control  are directly or indirectly beneficially owned by the Company, including
without limitation, Telzuit Technologies, Inc.

     2.     REGISTRATION  RIGHTS.  The  Company covenants and agrees as follows:
            --------------------

          2.1 REGISTRATION RIGHTS.
             --------------------

               (a)  The  Company  hereby  agrees  to  file, at its sole cost and
          expense,  a  registration  statement  on  Form SB-2 (or an alternative
          available  form  if  the  Company is not eligible to file a Form SB-2)
          (the  "Registration  Statement")  no  later  than forty five (45) days
          after  the  Closing (as defined in the Securities Purchase Agreement),
          registering  (a)  all  shares  of Common Stock issued or issuable upon
          conversion  of  the Series A Preferred Stock, (b) all shares of Common
          Stock  issued  or  issuable upon exercise of the Class B Warrants, (c)
          all Common Stock issued or issuable upon conversion of the Debentures,
          and (d) all shares of Common Stock issued or issuable upon exercise of
          the Class A Warrants (collectively, the "Registerable Securities").

          2.2 OBLIGATIONS OF THE COMPANY. Whenever required under this Section 2
              --------------------------
     to  effect  the  registration  of  any Registerable Securities, the Company
     shall, as expeditiously as reasonably possible:

               (a)  prepare  and file with the SEC a registration statement with
          respect  to  such  Registerable Securities and use its best efforts to
          cause  such  registration statement to become effective, and keep such
          registration  statement  effective  until all Holder's of Registerable
          Securities  can  sale such Registerable Securities without restriction
          under SEC Rule 144(k) within a 90 day period;

               (b) prepare and file with the SEC such amendments and supplements
          to  such  registration statement and the prospectus used in connection
          with  such  registration  statement as may be necessary to comply with
          the  provisions  of the Securities Act with respect to the disposition
          of all securities covered by such registration statement;

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<PAGE>

               (c)  furnish  to  the  Holders  such  numbers  of  copies  of  a
          prospectus, including a preliminary prospectus, in conformity with the
          requirements  of  the Securities Act, and such other documents as they
          may  reasonably  request to facilitate the disposition of Registerable
          Securities owned by them; and

               (d)  use  its best efforts to register and qualify the securities
          covered  by such registration statement under such other securities or
          Blue  Sky  laws of such jurisdictions as shall be reasonably requested
          by  the  Holders;  provided  that the Company shall not be required in
          connection  therewith  or  as  a  condition  thereto  to qualify to do
          business  or  to  file  a general consent to service of process in any
          such states or jurisdictions, unless the Company is already subject to
          service  in  such  jurisdiction  and  except as may be required by the
          Securities Act.

          2.3  FURNISH  INFORMATION.  It  shall  be a condition precedent to the
               --------------------
     obligations  of  the  Company to take any action pursuant to this Section 2
                                                                       ---------
     with  respect  to  the Registerable Securities of a Holder that such Holder
     shall  furnish  to  the  Company  such  information  regarding  itself, the
     Registerable  Securities held by it, and the intended method of disposition
     of  such  securities  as  shall  be  reasonably  required  to  effect  the
     registration of such Holder's Registerable Securities.

          2.4 DELAY OF REGISTRATION. No Holder shall have any right to obtain or
              ---------------------
     seek  an  injunction  restraining  or  otherwise  delaying any registration
     pursuant  to  this  Agreement  as  the result of any controversy that might
     arise  with respect to the interpretation or implementation of this Section
                                                                         -------
     2.
     --

          2.5 REPORTS UNDER EXCHANGE ACT. With a view to making available to the
              --------------------------
     Holders  the  benefits of SEC Rule 144 promulgated under the Securities Act
     and  any  other rule or regulation of the SEC that may at any time permit a
     Holder  to  sell  securities  of  the  Company  to  the  public  without
     registration, the Company agrees to:

               (a)  make  and  keep public information available, as those terms
          are  understood  and  defined  in SEC Rule 144, at all times after the
          effective  date  of  the  first  registration  statement  filed by the
          Company for the offering of its securities to the general public;

               (b)  file  with  the SEC in a timely manner all reports and other
          documents  required  of  the  Company under the Securities Act and the
          Exchange Act; and

               (c)  furnish  to  any  Holder,  so  long  as  the Holder owns any
          Registerable  Securities,  forthwith  upon  request  (i)  a  written
          statement  by  the  Company  that  it  has complied with the reporting
          requirements  of SEC Rule 144, the Securities Act and the Exchange Act
          (at  any  time  after  it  has  become  subject  to  such  reporting
          requirements),  (ii)  a  copy  of  the most recent annual or quarterly
          report of the Company and such other reports and documents so filed by
          the  Company,  and  (iii)  such other information as may be reasonably
          requested  in availing any Holder of any rule or regulation of the SEC
          that  permits  the selling of any such securities without registration
          or pursuant to such form.

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<PAGE>

          2.6 ASSIGNMENT OF REGISTRATION RIGHTS. The rights to cause the Company
              ---------------------------------
     to  register  Registerable  Securities  pursuant  to  this Section 2 may be
                                                                ---------
     assigned  (but  only  with  all  related  obligations)  by  a  Holder  to a
     transferee  or  assignee of such securities, provided that: (a) the Company
     is,  within  a  reasonable time after such transfer, furnished with written
     notice  of  the  name  and  address  of such transferee or assignee and the
     securities  with  respect  to  which  such  registration  rights  are being
     assigned; and (b) such transferee or assignee agrees in writing to be bound
     by and subject to the terms and conditions of this Agreement.

          2.7 NO TRADING IN COMMON STOCK UNTIL CERTIFICATE RECEIVED. Each Holder
              -----------------------------------------------------
     hereby  agrees  that,  unless  the Holder has taken possession of the stock
     certificate  for  Common  Stock,  it  or  its Affiliates will not (a) lend,
     offer,  pledge,  sell,  contract  to  sell,  sell any option or contract to
     purchase,  purchase any option or contract to sell, grant any option, right
     or  warrant  to  purchase,  or  otherwise transfer or indirectly dispose of
     Common  Stock  not  yet  received,  or  (b)  enter  into  any swap or other
     arrangement  that  transfers  to  another,  in whole or in part, any of the
     economic consequences of ownership for Common Stock not yet received.

     3.     VOTING  AGREEMENT.
            -----------------

          3.1 Size of the Board. Each Stockholder shall vote all of his, her, or
              -----------------
     its  Shares from time to time and at all times, in whatever manner as shall
     be  necessary  to ensure that the size of the Board shall be set and remain
     at seven directors.

          3.2  REIMBURSEMENT  OF EXPENSES. The Company shall reimburse directors
               --------------------------
     for  all  reasonable  out-of-pocket  expenses  incurred  in connection with
     attending meetings of the Board and committees thereof.

          3.3 COMPENSATION DECISIONS. The Company shall establish and maintain a
              ----------------------
     Compensation  Committee  of  the  Board  consisting  of not more than three
     members.

          3.4  DIRECTORS'  LIABILITY  AND  INDEMNIFICATION.  The  Charter and/or
               -------------------------------------------
     bylaws  of the Company (the "BYLAWS") and the charter and bylaws of each of
                                  ------
     its  Subsidiaries  shall  provide  (i)  for elimination of the liability of
     directors to the maximum extent permitted by law, and (ii) that the Company
     shall  be  authorized  to  indemnify  directors  for  acts on behalf of the
     Company  and  its  Subsidiaries, and each Subsidiary shall be authorized to
     indemnify directors for acts on behalf of such Subsidiary, in each case, to
     the  maximum  extent  permitted  by  law.  In addition, the Company and its
     Subsidiaries  shall  enter  into  and  at  all times maintain directors and
     officers  liability  insurance  underwritten  by  such  company and in such
     amount  as shall be approved by the Series A Investor, which approval shall
     not  be  unreasonably  withheld;  provided,  the  Company  shall maintain a
     minimum  of $2,000,000 in directors' and officers' liability insurance; and
     provided further, the amount and type of coverage shall at all times be the
     same  for all directors. Further, at the request of any director designated
     to  serve  on  the Board in accordance with this Agreement, the Company and
     its  Subsidiaries  shall  enter into an indemnification agreement with such
     director  in  form reasonably satisfactory to such director confirming that
     such  director  is  entitled  to  indemnification  to  the  maximum  extent
     permitted by law.

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<PAGE>

          3.5  INCREASE  IN  AUTHORIZED  CAPITAL  STOCK; FURTHER ISSUANCES. Each
               -----------------------------------------------------------
     Stockholder shall vote all of his, her, or its Shares, whether now owned or
     hereafter  acquired or that such Stockholder may be empowered to vote, from
     time to time and at all times, in whatever manner as shall be necessary, to
     authorize  an  increase  in  the authorized capital stock of the Company so
     that  there  will  be  sufficient  shares  of  Common  Stock  available for
     conversion  of  all  of  the  then-outstanding shares of Series A Preferred
     Stock  at  any  time  that  an  adjustment  to  the conversion price of, as
     applicable,  the Series A Preferred Stock is made pursuant to the Company's
     Charter.

     4.     RIGHT  OF  FIRST  OFFER;  MOST  FAVORED  NATIONS  EXCHANGE.
            ----------------------------------------------------------

          4.1  COMPANY RIGHT OF FIRST OFFER. Subject to the terms and conditions
               ----------------------------
     specified  in  this  Section  4.1  and  applicable  securities laws, if the
                          ------------
     Company  proposes  to  offer  or sell any New Securities within twelve (12)
     months after the Closing (as defined in the Securities Purchase Agreement),
     the  Company  shall  first  make an offering of such New Securities to each
     Series  A  Investor  in  accordance  with  the following provisions of this
     Section  4.1.  A Series A Investor shall be entitled to apportion the right
     ------------
     of first offer hereby granted to it among itself and its partners, members,
     and  Affiliates  in such proportions as it deems appropriate subject to any
     applicable  securities  laws  limitations  and  subject to such Persons who
     acquire  New  Securities  becoming  a  party  to  this  Agreement  and  the
     Stockholders' Agreement.

               (a)  The  Company  shall  deliver a notice in accordance with the
          provisions  of  Section 6.5 hereof (the "OFFER NOTICE") to each of the
                          -----------              ------------
          Series  A  Investors stating (i) its bona fide intention to offer such
          New  Securities, (ii) the number of such New Securities to be offered,
          and (iii) the price and terms, if any, upon which it proposes to offer
          such New Securities.

               (b)  By  written  notification received by the Company, within 10
          calendar  days after mailing of the Offer Notice, each of the Series A
          Investors  may  elect  to  purchase or obtain, at the price and on the
          terms  specified  in  the Offer Notice, up to that portion of such New
          Securities  that  equals  the  proportion that the number of shares of
          Common  Stock  issued  and  held,  or  issuable upon conversion of the
          Preferred  Stock  (and  any  other  securities  convertible  into,  or
          otherwise  exercisable  or  exchangeable  for, shares of Common Stock)
          then  held,  by  such  Series  A Investor bears to the total number of
          shares  of  Common  Stock  of the Company issued and held, or issuable
          upon  conversion of the Preferred Stock then held, by all the Series A
          Investors.  The Company promptly shall inform in writing each Series A
          Investor that elects to purchase all the shares available to it (each,
          a  "FULLY-EXERCISING  INVESTOR")  of  any  other  Series  A Investor's
              --------------------------
          failure  to  do  likewise.  During  the 10 day period commencing after
          receipt  of  such information, each Fully-Exercising Investor shall be
          entitled to obtain that portion of the New Securities for which Series
          A  Investors  were  entitled  to  subscribe but for which the Series A
          Investors  did  not subscribe that is equal to the proportion that the
          number  of  shares  of  Common Stock issued and held, or issuable upon
          conversion  of  Preferred  Stock  then  held, by such Fully-Exercising
          Investor  bears  to  the total number of shares of Common Stock issued
          and  held,  or  issuable  upon  conversion of the Preferred Stock then
          held,  by  all  Fully-Exercising  Investors  who wish to purchase such
          unsubscribed shares.

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<PAGE>

               (c) If all New Securities referred to in the Offer Notice are not
          elected  to  be  purchased  or  obtained as provided in Section 4.1(b)
                                                                  --------------
          hereof,  the  Company  may,  during  the  60  day period following the
          expiration  of the period provided in Section 4.1(b) hereof, offer the
                                                -------------
          remaining  unsubscribed  portion of such New Securities (collectively,
          the  "REFUSED  SECURITIES") to any Person(s) at a price not less than,
                -------------------
          and  upon terms no more favorable to the offeree than, those specified
          in  the  Offer Notice. If the Company does not enter into an agreement
          for  the  sale  of  the  New Securities within such period, or if such
          agreement  is not consummated within 30 days of the execution thereof,
          the  right  provided  hereunder shall be deemed to be revived and such
          New  Securities  shall  not  be  offered unless first reoffered to the
          Series A Investors in accordance with this Section 4.1.
                                                     -----------

               (d)  The  right  of  first offer in this Section 4.1 shall not be
                                                        -----------
          applicable  to:  (i) shares of Common Stock issued or deemed issued to
          employees  or  directors  of, or consultants to, the Company or any of
          its  Subsidiaries  pursuant  to  a  plan,  agreement,  or  arrangement
          approved  by the Board of Directors of the Company, including at least
          one director designated by the Series A Investor; (ii) the issuance of
          securities  pursuant  to  the conversion or exercise of convertible or
          exercisable  securities  outstanding  on  the  date  hereof;  (iii)
          securities issued in connection with any stock split or stock dividend
          of the Company; and (iv) the issuance of securities in connection with
          a bona fide joint venture or business acquisition of or by the Company
          approved  by  the  Board of Directors, including at least one director
          designated by the Series A Investor, whether by merger, consolidation,
          sale  of  assets,  sale  or  exchange of stock, or otherwise; provided
          that, at the time of any such issuance, the aggregate of such issuance
          and  similar  issuances  in  the  preceding  12 month period shall not
          exceed  2%  of  the  then  outstanding  Common  Stock  of  the Company
          (assuming  full  conversion  and  exercise  of  all  convertible  and
          exercisable securities).

          4.2 MOST FAVORED NATIONS EXCHANGE. Subject to the terms and conditions
              -----------------------------
     specified  in  this  Section  4.2  and  applicable  securities laws, if the
                          ------------
     Company  proposes  to  offer  or sell any New Securities within twenty (24)
     months after the Closing (as defined in the Securities Purchase Agreement),
     the  Series A Investors may exchange any remaining Preferred Stock at their
     Stated  Value  plus  accrued  and  unpaid  dividends for the New Securities
     offered  or  sold.  The Company shall deliver an Offer Notice in accordance
     with  the  provisions  of  Section 6.5 hereof. Each Series A Investor shall
                                -----------
     have twenty (20) days from the date of receipt of the Offer Notice to elect
     to  exchange  the Preferred Stock for the New Securities under this Section
     4.2

          4.3  SENIOR  SECURITIES  OR  FINANCIAL INSTRUMENTS. At any time when a
               ---------------------------------------------
     minimum  of  $1,250,000  of  the  Stated  Value  of  the shares of Series A
     Preferred  Stock  are outstanding, except where the vote or written consent
     of  the holders of a greater number of shares of the Company is required by
     law,  without  the  written  consent  or affirmative vote of the holders of
     fifty  percent  (50%)  of the then-outstanding shares of Series A Preferred
     Stock  given  in  writing or by vote at a meeting, consenting or voting (as
     the  case  may  be)  as a separate class from the Common Stock, the Company
     shall  not,  either  directly  or  by  amendment,  merger, consolidation or
     otherwise  issue  (i)  any  additional  shares  of  stock or (ii) financial
     instruments  unless  the  same  rank junior to the Series A Preferred Stock
     with  respect to the distribution of assets on the liquidation, dissolution
     or  winding-up  of the Company and with respect to the payment of dividends
     and redemption rights, if applicable.

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<PAGE>

     5.     "MARKET  STAND-OFF  AGREEMENT";  TRANSFER RESTRICTIONS. Each Founder
            ------------------------------------------------------
hereby  agrees that it will not, without the prior written consent of a majority
of  the  Holders, during the period commencing on the date of this Agreement and
ending  on the date l20 days after that date (the "Market Stand-Off Period") (a)
lend,  offer,  pledge,  sell,  contract  to sell, sell any option or contract to
purchase,  purchase  any  option or contract to sell, grant any option, right or
warrant  to  purchase,  or  otherwise  transfer  or  dispose  of,  directly  or
indirectly,  any  Shares  or  any  securities convertible into or exercisable or
exchangeable  for  Shares  held  immediately  prior  to the effectiveness of any
registration  statement  for  such offering, or (b) enter into any swap or other
arrangement  that transfers to another, in whole or in part, any of the economic
consequences  of  ownership of Shares, whether any such transaction described in
clause  (a)  or  (b)  above  is to be settled by delivery of the Shares or other
securities,  in  cash  or  otherwise.  Upon  expiration  of the Market Stand-Off
Period,  the  Founders hereby agree, regardless of whether or not the Shares are
subject to the volume limitations set forth in SEC Rule 144(e), to dispose Share
as  if  subject  to  the  volume  limitations  set forth in SEC Rule 144(e).  To
enforce the foregoing covenant, the Holders are express and intended third party
beneficiaries  of this Section 5 and shall be entitled to enforce the provisions
                       ---------
of  this  Section  5  for  their  benefit.
          ----------

     6.     MISCELLANEOUS.
            -------------

          6.1  TRANSFERS,  SUCCESSORS,  AND ASSIGNS. The terms and conditions of
               ------------------------------------
     this  Agreement  shall  inure  to  the  benefit  of and be binding upon the
     respective  successors  and  assigns  of  the  parties.  Nothing  in  this
     Agreement,  express  or implied, is intended to confer upon any party other
     than  the  parties  hereto  or  their respective successors and assigns any
     rights,  remedies,  obligations,  or liabilities under or by reason of this
     Agreement, except as expressly provided in this Agreement.

          6.2  GOVERNING  LAW;  VENUE;  JURISDICTION.  This  Agreement  shall be
               -------------------------------------
     governed by and construed in accordance with the General Corporation Law of
     the  State of Florida as to matters within the scope thereof, and as to all
     other  matters  shall  be  governed by and construed in accordance with the
     internal laws of the Florida, without regard to its principles of conflicts
     of laws. Venue for any legal action which may be brought hereunder shall be
     deemed  to  lie  in  Hillsborough  County, Florida. The parties agree that,
     irrespective  of any wording that might be construed to be in conflict with
     this  paragraph,  this  agreement  is  one  for performance in Florida. The
     parties  to  this  agreement  agree  that  they  waive  any  objection,
     constitutional,  statutory  or  otherwise,  to  a  Florida  court's  taking
     jurisdiction  of any dispute between them. By entering into this agreement,
     the  parties, and each of them understand that they might be called upon to
     answer a claim asserted in a Florida court.

                                        8
<PAGE>

          6.3  COUNTERPARTS.  This  Agreement  may  be executed in any number of
               ------------
     counterparts  with  the same effect as if all parties hereto had signed the
     same  document,  and all counterparts shall be construed together and shall
     constitute  one  instrument. This Agreement may be executed by any party by
     delivery  of  a  facsimile  signature,  which signature shall have the same
     force  as an original signature. A facsimile or photocopied signature shall
     be deemed to be the functional equivalent of an original for all purposes.

          6.4  HEADINGS.  The  headings  and  subheadings  in this Agreement are
               --------
     included for convenience and identification only and are in no way intended
     to  describe,  interpret,  define, or limit the scope, extent, or intent of
     this Agreement or any provision hereof.

          6.5  NOTICES.  All  notices  and  other  communications  given or made
               -------
     pursuant  to  this  Agreement  shall  be  in  writing  and  shall be deemed
     effectively  given: (a) upon personal delivery to the party to be notified,
     (b)  when  sent  by  confirmed  electronic mail or facsimile if sent during
     normal  business  hours  of the recipient, and if not so confirmed, then on
     the  next  business day, (c) five days after having been sent by registered
     or  certified  mail,  return receipt requested, postage prepaid, or (d) one
     business  day after deposit with a nationally recognized overnight courier,
     specifying  next  day  delivery,  with written verification of receipt. All
     communications  shall be sent to the respective parties at their address as
     set forth on the signature page or Schedule A hereto, or to such address or
                                        ----------
     facsimile  number  as  subsequently  modified  by  written  notice given in
     accordance  with this Section 6.5. All notices to the Company shall be sent
                           -----------
     to:

              5422 Carrier Drive, Suite 306, Orlando, Florida 32819

          6.6  COSTS  OF  ENFORCEMENT.  If  any party to this Agreement seeks to
               ----------------------
     enforce  its  rights  under  this  Agreement  by  legal  proceedings,  the
     non-prevailing  party  shall  pay  all  costs  and expenses incurred by the
     prevailing  party, including, without limitation, all reasonable attorneys'
     fees.

          6.7  AMENDMENTS AND WAIVERS. Any term of this Agreement may be amended
               ----------------------
     and  the  observance  of  any  term of this Agreement may be waived (either
     generally  or  in  a  particular  instance  and  either  retroactively  or
     prospectively),  only  with  the  written  consent  of  the Company and the
     holders  of  a majority of the Registrable Securities then outstanding. Any
     amendment  or  waiver  effected  in accordance with this paragraph shall be
     binding  upon  each  holder of any Registrable Securities then outstanding,
     each future holder of all such Registrable Securities, and the Company. The
     Company  shall  give  prompt written notice of any amendment or termination
     hereof  or  waiver  hereunder  to  any party hereto that did not consent in
     writing  to  such  amendment,  termination  or  waiver.  Any  amendment,
     termination,  or  waiver effected in accordance with this Section 6.7 shall
                                                               -----------
     be binding on all parties hereto, even if they do not execute such consent.
     No  waivers  of  or exceptions to any term, condition, or provision of this
     Agreement,  in  any  one  or  more  instances,  shall  be  deemed to be, or
     construed  as,  a further or continuing waiver of any such term, condition,
     or provision.

                                        9
<PAGE>

          6.8  SEVERABILITY. The invalidity of unenforceability of any provision
               ------------
     hereof  shall  in no way affect the validity or enforceability of any other
     provision.

          6.9 AGGREGATION OF STOCK. All shares of Registrable Securities held or
              --------------------
     acquired  by  Affiliates  shall  be  aggregated together for the purpose of
     determining the availability of any rights under this Agreement.

          6.10  ADDITIONAL  INVESTORS.  Notwithstanding anything to the contrary
                ---------------------
     contained  herein, if the Company issues additional shares of the Company's
     Series  A  Preferred  Stock  after  the  date hereof, any purchaser of such
     shares  shall  become a party to this Agreement by executing and delivering
     an additional counterpart signature page to this Agreement, and thereafter,
     shall be deemed an "Investor" for all purposes hereunder.

          6.11  ENTIRE  AGREEMENT.  This  Agreement  (including  the  schedules
                -----------------
     hereto),  the  Company's  Certificate  of  Incorporation  and  bylaws,  the
     Investor  Agreements,  and  the other Related Agreements (as defined in the
     Purchase  Agreement)  constitute  the  full  and  entire  understanding and
     agreement  between  the  parties with respect to the subject matter hereof,
     and  any  other  written  or  oral agreement relating to the subject matter
     hereof existing between the parties are expressly canceled.

          6.12  DELAYS OR OMISSIONS. No delay or omission to exercise any right,
                -------------------
     power,  or  remedy  accruing  to  any  party under this Agreement, upon any
     breach or default of any other party under this Agreement, shall impair any
     such  right,  power or remedy of such non-breaching or non-defaulting party
     nor  shall it be construed to be a waiver of any such breach or default, or
     an  acquiescence  therein,  or  of any similar breach or default thereafter
     occurring; nor shall any waiver of any single breach or default be deemed a
     waiver  of any other breach or default theretofore or thereafter occurring.
     Any  waiver,  permit,  consent  or approval of any kind or character on the
     part  of  any  party  of any breach or default under this Agreement, or any
     waiver  on  the  part  of any party of any provisions or conditions of this
     Agreement,  must  be  in  writing and shall be effective only to the extent
     specifically  set  forth  in  such writing. All remedies, either under this
     Agreement or by law or otherwise afforded to any party, shall be cumulative
     and not alternative.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       10
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above stated.

                                           COMPANY:

                                           Taylor Madison Corp.

                                           By:
                                                ------------------------------
                                           Name:  Donald Sproat
                                           Title: Chief Executive Officer

                                           FOUNDERS

                                           -----------------------------------
                                           James  Tolan,  an  individual

                                           -----------------------------------
                                           Michael  J.  Vosch,  an  individual

                                           -----------------------------------
                                           Don  Sproat,  an  individual

                       [Signatures continue on Next Page]

                                       11
<PAGE>

                  [Signature page to Investor Rights Agreement]

                                           PURCHASER OF SERIES A PREFERRED STOCK

                                           If  an  Individual  Investor:
                                           ----------------------------

                                           Sign:
                                                ------------------------------
                                           Print Name:
                                                      ------------------------

                                           If  an  Entity  Investor:
                                           ------------------------

                                           Print Name of Entity:
                                                                --------------
                                           Sign:
                                                ------------------------------
                                           Print Your Name:
                                                           -------------------
                                           Title:
                                                 -----------------------------

                                       12
<PAGE>

                                   Exhibit "A"
                                       to
                            Investor Rights Agreement

                               List of Purchasers
                               ------------------

<TABLE>
<CAPTION>

                                                              SERIES A PREFERRED
     NAME                                  ADDRESS                  STOCK
     --------------------------  ---------------------------  ------------------
<S>                                         <C>                      <C>

  1  John and Barbara Martin     62 Cheyenne Drive
                                 Girard, OH 44420

  2  Daniel P. Schiavone Sr.     1309 Valley View Drive
                                 Boardman, OH 44512

  3  Sean and Katherine O'Boyle  7624 Sutcliffe Drive
                                 Raleigh, NC 27613

  4  Mark Wimmer                 635 Dougherty Terrace Drive
                                 Ballwin, MO 63021

  5  Edward and Mariann O'Boyle  13 Mary Anne Drive
                                 Frankline, MA 02038

  6  C. James and Roseann Beil   1314 Virginia Trail
                                 Youngstown, OH 44505

  7  Eugene M. Geister           115 Creston Drive
                                 Boardman, OH 44512

  8  Wissam E. Khoury            7685 Marewood Place
                                 Concord Township, OH 44077

  9  Michael T. O'Reilly         6212 Millstone Trail
                                 Douglasville, GA 30135

 10  Anthony Gioppo              1565 Rosewood Drive
                                 Youngstown, OH 44514
</TABLE>

                                       13
<PAGE>EXHIBIT 10.3

                           CERTIFICATE OF DESIGNATION,
                             PREFERENCES AND RIGHTS
                                       OF
                      SERIES A CONVERTIBLE PREFERRED STOCK
                                       OF
                              TAYLOR MADISON CORP.
                      (Pursuant to Section 607.0602 of the
                        Florida Business Corporation Act)

     Taylor  Madison  Corp., a corporation organized and existing under the laws
of  the State of Florida (the "CORPORATION"), hereby certifies that the Board of
Directors of the Corporation (the "BOARD OF DIRECTORS" or the "BOARD"), pursuant
to  authority  of  the Board of Directors as required by Section 607.0602 of the
Florida  Business  Corporation Act, and in accordance with the provisions of its
Certificate  of  Incorporation and Bylaws, has and hereby authorizes a series of
the  Corporation's  previously  authorized Preferred Stock, par value $0.001 per
share  (the  "PREFERRED STOCK"), and hereby states the designation and number of
shares,  and  fixes the rights, preferences, privileges, powers and restrictions
thereof,  as  follows:

                 SERIES A PREFERRED STOCK DESIGNATION AND AMOUNT

     7,700,000  shares  of  the  authorized  and unissued Preferred Stock of the
Corporation  are  hereby  designated "SERIES A CONVERTIBLE PREFERRED STOCK" with
the  following  rights,  preferences,  powers,  privileges,  restrictions,
qualifications  and  limitations.

     1.     Stated  Value.  The  stated  value  of each issued share of Series A
            -------------
Convertible Preferred Stock shall be deemed to be $1.00 (the "STATED VALUE"), as
the  same  may  be equitably adjusted whenever there may occur a stock dividend,
stock split, combination, reclassification or similar event affecting the Series
A  Convertible  Preferred  Stock.

     2.     Dividends.
            ---------

     a.     Dividends  on  Series  A  Convertible  Preferred  Stock.  From  and
            -------------------------------------------------------
including  the  date of issuance of each share of Series A Convertible Preferred
Stock  to  the earlier of (1) the payment of the Individual Series A Liquidation
Preference  Payment  (as  defined  below)  on each share of Series A Convertible
Preferred  Stock  upon  the  liquidation,  dissolution  or  winding-up  of  the
Corporation,  (2) the redemption of the Series A Convertible Preferred Stock, or
(3)  the  conversion of the Series A Convertible Preferred Stock, the holders of
shares  of  Series  A  Convertible Preferred Stock shall be entitled to receive,
prior  to and in preference to any declaration or payment of any dividend on any
other shares of capital stock of the Corporation, a dividend for each such share
at a rate per annum equal to ten percent (10%) of the Stated Value (as such term
is  defined  in  Section 1) thereof, payable semi-annually, at the option of the
                 ---------
Corporation,  (i) in cash, to the extent funds are legally available therefor in
accordance  with the Florida Business Corporation Act and consent, if needed, to
such  cash  payment  is  obtained  from  the  senior  secured  creditors  of the
Corporation,  (ii)  in-kind,  with  [A] shares of Series A Convertible Preferred
Stock  equal  to  the  result  of dividing the dividend amount so accrued by the
Stated Value of one share of Series A Convertible Preferred Stock (the "DIVIDEND
SHARES"),  and [B] Class B Warrants (as that term is defined in Section 9 below)
                                                                ---------

                                        1
<PAGE>

in  amount  equal to 100% of the number of shares of Common Stock underlying the
Dividend  Shares, or (iii) in shares of registered Common Stock at a ten percent
(10%)  discount  to  the  "MARKET  PRICE"  (as that term is defined in Section 9
                                                                       ---------
below).  The  date on which the Corporation initially issues any share of Series
A  Convertible Preferred Stock shall be deemed its "Date of Issuance" regardless
of  the  number  of  times  transfer  of such share is made on the stock records
maintained  by  or  for  the  Corporation  and  regardless  of  the  number  of
certificates  which  may  be  issued  to  evidence  such  share.

     b.     Priority  of Payment.  In the event that full dividends are not paid
            --------------------
to the holders of all outstanding shares of Series A Convertible Preferred Stock
so  entitled  to such payment and funds available for payment of dividends shall
be  insufficient  to  permit payment in full to holders of all such stock of the
full  preferential  amounts  to  which  they  are then entitled, then the entire
amount  available  for payment of dividends shall be distributed, first, ratably
among  all  holders of Series A Convertible Preferred Stock in proportion to the
full  amount to which they would otherwise be respectively entitled and, second,
only after the holders of Series A Convertible Preferred Stock have received the
full  amount of dividends to which they were entitled, ratably among all holders
of  other  Preferred  Stock  (including the Series B Preferred Stock) and Common
Stock  in  proportion  to  the  full  amount  to  which  they would otherwise be
respectively  entitled.

     3.     Voting.
            ------

          a.     Number  of  Votes.  On any matter presented to the stockholders
                 -----------------
of  the  Corporation  for  their  action  or  consideration  at  any  meeting of
stockholders  of  the Corporation (or by written consent of stockholders in lieu
of  a  meeting),  each  holder  of  outstanding  shares  of Series A Convertible
Preferred  Stock  shall  be  entitled  to  cast the number of votes equal to the
number  of  whole  shares  of  Common  Stock  into  which the shares of Series A
Convertible Preferred Stock held by such holder are convertible as of the record
date  for  determining  stockholders entitled to vote on such matter.  Except as
provided  by law or by the provisions of Section 3(b) below, holders of Series A
                                         ------------
Convertible  Preferred  Stock  shall  vote  together  with the holders of Common
Stock,  and with the holders of any other series of Preferred Stock the terms of
which  so  provide,  together  as  a  single  class.

          b.     Senior Securities or Financial Instruments.  At any time when a
                 ------------------------------------------
minimum  of $1,250,000 of the Stated Value of the shares of Series A Convertible
Preferred Stock are outstanding, except where the vote or written consent of the
holders  of  a greater number of shares of the Corporation is required by law or
by  this  Certificate of Designation, and in addition to any other vote required
by  law  or  this  Certificate  of  Designation,  without the written consent or
affirmative  vote  of the holders of fifty percent (50%) of the then-outstanding
shares  of Series A Convertible Preferred Stock given in writing or by vote at a
meeting,  consenting or voting (as the case may be) as a separate class from the
Common  Stock,  the  Corporation  shall  not,  either  directly or by amendment,
merger,  consolidation  or otherwise issue (i) any additional shares of stock or
(ii)  financial  instruments  unless  the  same  rank  junior  to  the  Series A
Convertible  Preferred  Stock  with respect to the distribution of assets on the
liquidation,  dissolution  or  winding-up of the Corporation and with respect to
the  payment  of  dividends  and  redemption  rights,  if  applicable.

                                        2
<PAGE>

          c.     Other  Limitations  on  Corporate  Action.     At any time when
                 -----------------------------------------
shares of Series A Convertible Preferred Stock are outstanding, except where the
vote  or  written  consent  of  the holders of a greater number of shares of the
Corporation  is  required  by  law or by this Certificate of Designation, and in
addition  to  any other vote required by law or this Certificate of Designation,
without  (1)  the  written consent or affirmative vote of the holders of no-less
than  66 % of the outstanding Stated Value of the Series A Convertible Preferred
Stock  consenting  or  voting  (as the case may be) as a separate class from the
Common  Stock,  or  (2)  if  the  holders  representing no-less than 66 % of the
outstanding Stated Value of the Series A Convertible Preferred Stock appoint, in
writing,  an  authorized  representative  (the  "Preferred  Stockholders'
Representative"),  approval  by  the Preferred Stockholders' Representative, the
Corporation shall not, either directly or by amendment, merger, consolidation or
otherwise:

          (i)  liquidate,  dissolve,  or wind-up the business and affairs of the
     Corporation,  effect any Deemed Liquidation Event, or consent to any of the
     foregoing;

          (ii) effectuate any merger, reorganization, or recapitalization of the
     Corporation, including such transactions with a Subsidiary (as that term is
     defined  in Section 9) or related entity, or enter into any agreement to do
     any of the foregoing;

          (iii)  so  long  as  at least 1,250,000 shares of Series A Convertible
     Preferred  Stock  are outstanding, purchase or redeem or pay or declare any
     dividend  or  make  any distribution on, any shares of stock other than the
     Series  A  Preferred  Stock  as  expressly authorized herein, or permit any
     Subsidiary  of  the  Corporation  to  take  any such action, except for (A)
     securities  repurchased  from  former  employees,  officers,  directors,
     consultants, or other persons who performed services for the Corporation or
     any  subsidiary  in  connection  with  the  cessation of such employment or
     service  or  (B)  securities  repurchased  upon  the  exercise  of  the
     Corporation's  right  of first refusal to purchase such securities, each as
     approved by the Board of Directors;

          (iv)  effectuate  any  reclassification  or  recapitalization  of  the
     outstanding  capital  stock  of the Corporation, including any subdivision,
     consolidation, or conversion of any outstanding capital stock; (v) alter or
     change  the  voting  or  other  powers,  preferences,  or  other  rights,
     privileges,  or  restrictions  of  the Series A Convertible Preferred Stock
     contained herein (by merger, consolidation, or otherwise);

                                        3
<PAGE>

     4.     Liquidation,  Dissolution,  or  Winding-Up;  Certain  Mergers,
            --------------------------------------------------------------
            Consolidations  and  Asset  Sales.
            ----------------------------------

          a.     Payments  to  Holders  of Series A Convertible Preferred Stock.
                 --------------------------------------------------------------
Upon  any  liquidation,  dissolution  or  winding-up of the Corporation, whether
voluntary  or  involuntary,  the  holders  of the shares of Series A Convertible
Preferred  Stock  shall be paid, before any payment shall be paid to the holders
of  Common  Stock,  Series  B  Preferred  Stock,  or  any other stock ranking on
liquidation  junior  to  the  Series  A Convertible Preferred Stock (the "JUNIOR
STOCK"),  an  amount for each share of Series A Convertible Preferred Stock held
by  such  holder  equal  to  the  sum of (1) the Stated Value thereof and (2) an
amount  equal  to  dividends  accrued  but  unpaid thereon, computed to the date
payment  thereof  is made available (such applicable amount payable with respect
to  a  share of Series A Convertible Preferred Stock sometimes being referred to
as  the  "INDIVIDUAL SERIES A PREFERRED LIQUIDATION PREFERENCE PAYMENT" and with
respect  to  all shares of Series A Convertible Preferred Stock in the aggregate
sometimes  being  referred  to as the "AGGREGATE SERIES A LIQUIDATION PREFERENCE
PAYMENT").  If,  upon  such  liquidation,  dissolution  or  winding-up  of  the
Corporation,  whether  voluntary  or  involuntary,  the assets to be distributed
among  the  holders  of  shares of Series A Convertible Preferred Stock shall be
insufficient  to permit payment to the holders of Series A Convertible Preferred
Stock  of  an  aggregate  amount  equal  to  the  Aggregate Series A Liquidation
Preference  Payment,  then  the  entire  assets  of  the  Corporation  to  be so
distributed  shall  be  distributed  ratably  among  the  holders  of  Series  A
Convertible  Preferred  Stock  (based  on  the  Individual  Series  A  Preferred
Liquidation  Preference  Payments  due  to  the  respective  holders of Series A
Convertible  Preferred  Stock).

          b.     Payments  to Holders of Junior Stock.  After the payment of all
                 ------------------------------------
preferential  amounts  required  to  be  paid  to  the  holders  of the Series A
Convertible  Preferred  Stock  and  any  other  class  or series of stock of the
Corporation  ranking  on  liquidation senior to or on a parity with the Series A
Convertible  Preferred  Stock,  the  holders  of  shares  of  Junior  Stock then
outstanding shall be entitled to receive the remaining assets of the Corporation
available  for  distribution  to  its stockholders as otherwise set forth in the
Articles  of  Incorporation.

          c.     Deemed  Liquidation  Events.
                 ---------------------------

               (i)  The  following events shall be deemed to be a liquidation of
          the  Corporation  for purposes of this Section4 (a "DEEMED LIQUIDATION
          EVENT"),  unless  the  holders of a majority of the shares of Series A
          Convertible Preferred Stock elect otherwise by written notice given to
          the  Corporation at least five (5) days prior to the effective date of
          any such event:

                    (A) a merger or consolidation in which

                         (I) the Corporation is a constituent party, or

                         (II)  a  subsidiary of the Corporation is a constituent
                    party and the Corporation issues shares of its capital stock
                    pursuant to such merger or consolidation,

          except  any  such  merger  or  consolidation involving the Corporation
          or  a  subsidiary  in  which  the  shares  of  capital  stock  of  the
          Corporation  outstanding  immediately  prior  to  such  merger  or
          consolidation continue to represent, or are converted or exchanged for
          shares  of  capital  stock  that represent, immediately following such
          merger  or consolidation, at least a majority, by voting power, of the
          capital  stock of (1) the surviving or resulting corporation or (2) if
          the surviving or resulting corporation is a wholly-owned subsidiary of
          another  corporation  immediately  following  such  merger  or
          consolidation,  the  parent corporation of such surviving or resulting
          corporation  (provided  that, for the purpose of this Section 4(c)(i),
          all  shares  of  Common  Stock  issuable  upon  exercise  of  options
          outstanding immediately prior to such merger or consolidation, or upon
          conversion  of convertible securities outstanding immediately prior to
          such  merger  or  consolidation  shall  be  deemed  to  be outstanding
          immediately  prior to such merger or consolidation and, if applicable,
          converted  or  exchanged  in  such merger or consolidation on the same
          terms  as  the actual outstanding shares of Common Stock are converted
          or exchanged); or

                                        4
<PAGE>

                    (B)  the  sale,  lease, transfer, or other disposition, in a
               single  transaction  or  series  of  related transactions, by the
               Corporation  or  any  subsidiary  of  the  Corporation  of all or
               substantially  all  of  the  assets  of  the  Corporation and its
               subsidiaries,  taken  as  a whole, except where such sale, lease,
               transfer, or other disposition is to a wholly-owned subsidiary of
               the Corporation.

               (ii)  The  Corporation  shall  not  have  the power to effect any
          transaction  constituting  a  Deemed  Liquidation  Event  pursuant  to
          Section  4(c)(i)(A)(I) above unless the agreement or plan of merger or
          ---------------------
          consolidation  provides  that  the  consideration  payable  to  the
          stockholders  of  the Corporation shall be allocated among the holders
          of  capital  stock of the Corporation in accordance with Sections 4(a)
                                                                   -------------
          and 4(b) above.
          -------

               (iii)  In  the  event  of  a Deemed Liquidation Event pursuant to
          Section  4(c)(i)(A)(II)  or  (B)  above,  if  the Corporation does not
          -------------------------------
          effect  a dissolution of the Corporation under General Corporation Law
          within  sixty  (60) days after such Deemed Liquidation Event, then (A)
          the  Corporation  shall  deliver  a  written  notice to each holder of
          Series  A Convertible Preferred Stock no later than the 60th day after
          the Deemed Liquidation Event advising such holders of their right (and
          the requirements to be met to secure such right) pursuant to the terms
          of  the  following clause (B) to require the redemption of such shares
                             ---------
          of  Series A Convertible Preferred Stock, and (B) if the holders of at
          least  a  majority  of  the  then-outstanding  shares  of  Series  A
          Convertible  Preferred  Stock  so  request  in  a  written  instrument
          delivered  to  the  Corporation  not later than seventy-five (75) days
          after  such  Deemed  Liquidation  Event, the Corporation shall use the
          consideration  received by the Corporation for such Deemed Liquidation
          Event (net of any retained liabilities associated with the assets sold
          or  technology  licensed,  as determined in good faith by the Board of
          Directors  of  the  Corporation)(the "NET PROCEEDS") to redeem, to the
          extent  legally  available therefor, on the 90th day after such Deemed
          Liquidation Event (the "LIQUIDATION REDEMPTION DATE"), all outstanding
          shares  of  Series  A Convertible Preferred Stock at a price per share
          equal to the Series A Liquidation Amount. In the event of a redemption
          pursuant  to  the  preceding  sentence,  if  the  Net Proceeds are not
          sufficient  to  redeem  all outstanding shares of Series A Convertible
          Preferred  Stock,  or if the Proceeds are not sufficient to redeem all
          outstanding  shares of Series A Convertible Preferred Stock, or if the
          Corporation  does  not  have  sufficient  funds  lawfully available to
          effect  such  redemption,  the  Corporation  shall  redeem  a pro rata
          portion  of  each  holder's  shares  of Series A Convertible Preferred
          Stock  to  the  fullest  extent  of such Net Proceeds or such lawfully
          available  funds,  as  the  case may be, and, where such redemption is
          limited  by  the  amount  of lawfully available funds, the Corporation
          shall  redeem  the  remaining  shares to have been redeemed as soon as
          practicable  after  the  Corporation  has  funds  legally  available
          therefor.  The  provisions  of  Section  7(b) through 7(e) below shall
                                          -------------------------
          apply,  with  such  necessary  changes  in  the details thereof as are
          necessitated  by  the  context,  to  the  redemption  of  the Series A
          Convertible Preferred Shares pursuant

                                        5
<PAGE>

          to  this  Section  4(c)(iii).  Prior  to  the  distribution  or
                    -----------------
          redemption  provided  for  in  this Section 4(c)(iii), the Corporation
                                              ----------------
          shall  not  expend  or  dissipate  the consideration received for such
          Deemed Liquidation Event, except to discharge expenses incurred in the
          ordinary course of business.

               (iv)  The  amount  deemed  paid  or distributed to the holders of
          capital  stock of the Corporation upon any such merger, consolidation,
          sale,  transfer,  exclusive  license,  other disposition or redemption
          shall  be  the cash or the value of the property, rights or securities
          paid  or  distributed  to  such  holders  by  the  Corporation  or the
          acquiring  person,  firm  or other entity. The value of such property,
          rights or securities shall be determined in good faith by the Board of
          Directors of the Corporation.

     5.     Optional  Conversion.     The  holders  of  Series  A  Convertible
            --------------------
Preferred  Shares  shall  have the conversion rights as follows (the "CONVERSION
RIGHTS").

          (a)     Right  to  Convert.  Each  share  of  Series  A  Convertible
                  ------------------
Preferred  Stock  shall  be convertible, at the option of the holder thereof, at
any  time  after  the  "CONVERSION  DATE"  (as that term is defined in Section 9
                                                                       ---------
below),  and  without  the  payment  of  additional  consideration by the holder
thereof, into such number of fully-paid and nonassessable shares of Common Stock
as  is  determined by dividing (1) the sum of (i) the Stated Value per share and
(ii)  all dividends accrued and unpaid on each such share to the date such share
is  converted,  whether  or  not  declared, and all other dividends declared and
unpaid  on  each  such  share  through the date of actual conversion, by (2) the
Series  A  Conversion  Price in effect at the time of conversion.  The "SERIES A
CONVERSION  PRICE"  shall be set at Sixty Cents ($.60).  The Series A Conversion
Price,  and the rate at which shares of Series A Convertible Preferred Stock may
be  converted  into  shares  of  Common Stock, shall be subject to adjustment as
provided  below.

     In the event of a notice of redemption of any share of Series A Convertible
Preferred  Stock  pursuant  to  Section  7  hereof, the Conversion Rights of the
                                ----------
shares  designated  for  redemption  shall terminate at the close of business on
the last full day preceding the date fixed for redemption, unless the redemption
price  is  not paid on such redemption date, in which case the Conversion Rights
for  such  shares shall continue until such price is paid in full.  In the event
of  a  liquidation, dissolution or winding-up of the Corporation, the Conversion
Rights  shall  terminate at the close of business on the last full day preceding
the  date  fixed for the payment of any such amounts distributable on such event
to  the  holders  of  Series  A  Convertible  Preferred  Stock.

          (b)     Fractional Shares.  No fractional shares of Common Stock shall
                  -----------------
be issued upon conversion of the Series A Convertible Preferred Shares.  In lieu
of  any  fractional  shares to which the holder would otherwise be entitled, the
Corporation  shall pay cash equal to such fraction multiplied by the fair market
value  of  a  share  of Common Stock as determined in good faith by the Board of
Directors.  Whether  or  not  fractional  shares  would  be  issuable  upon such
conversion  shall  be  determined  on the basis of the total number of shares of
Series  A  Convertible Preferred Stock the holder is at the time converting into
Common  Stock  and  the aggregate number of shares of Common Stock issuable upon
such  conversion.

                                        6
<PAGE>

          (c)     Mechanics  of  Conversion.
                  -------------------------

               (i)  For  a  holder  of  Series  A Convertible Preferred Stock to
          voluntarily  convert  shares  of  Series A Convertible Preferred Stock
          into  shares  of  Common  Stock,  that  holder  shall  surrender  the
          certificate  or  certificates  for such shares of Series A Convertible
          Preferred  Stock  (or,  if  the  registered  holder  alleges that such
          certificate  has  been  lost, stolen, or destroyed, a lost certificate
          affidavit  and  agreement  reasonably acceptable to the Corporation to
          indemnify  the  Corporation against any claim that may be made against
          the  Corporation on account of the alleged loss, theft, or destruction
          of  such  certificate),  at  the  office of the transfer agent for the
          Series  A  Convertible  Preferred Stock (or at the principal office of
          the  Corporation if the Corporation serves as its own transfer agent),
          together  with written notice that the holder elects to convert all or
          any  number  of the shares of the Series A Convertible Preferred Stock
          represented  by  such  certificate or certificates and, if applicable,
          any  event  on  which  such conversion is contingent. The notice shall
          state  the  holder's  name  or  the names of the nominees in which the
          holder  wishes  the  certificate  or certificates for shares of Common
          Stock  to  be  issued.  If  required  by the Corporation, certificates
          surrendered  for  conversion  shall  be  endorsed  or accompanied by a
          written instrument or instruments of transfer, in form satisfactory to
          the  Corporation,  duly executed by the registered holder or his, her,
          or  its  attorney duly authorized in writing. The close of business on
          the  date  of  receipt  by the transfer agent of such certificates (or
          lost  certificate  affidavit  and  agreement)  and  notice  (or by the
          Corporation if the Corporation serves as its own transfer agent) shall
          be  the  time of conversion (the "CONVERSION TIME"), and the shares of
                                            ---------------
          Common  Stock  issuable  upon  conversion of the shares represented by
          such  certificate  shall  be  deemed to be outstanding of record as of
          that  date.  The  Corporation  shall, as soon as practicable after the
          Conversion  Time,  issue  and  deliver at such office to the holder of
          Series  A  Convertible  Preferred  Stock,  or  to  his,  her,  or  its
          nominee(s),  a certificate or certificates for the number of shares of
          Common  Stock  to which the holder(s) shall be entitled, together with
          cash in lieu of any fraction of a share.

               (ii)  The  Corporation  shall  at  all  times  while the Series A
          Convertible Preferred Stock is outstanding, reserve and keep available
          out of its authorized but unissued stock, for the purpose of effecting
          the  conversion  of  the  Series  A  Convertible Preferred Stock, such
          number  of  its  duly  authorized shares of Common Stock as shall from
          time to time be sufficient to effect the conversion of all outstanding
          Series  A Convertible Preferred Stock; and if, at any time, the number
          of  authorized  but  unissued  shares  of  Common  Stock  shall not be
          sufficient  to effect the conversion of all then-outstanding shares of
          the  Series  A Convertible Preferred Stock, the Corporation shall take
          such  corporate  action as may be necessary to increase its authorized
          but  unissued shares of Common Stock to such number of shares as shall
          be  sufficient  for  such  purposes,  including,  without  limitation,
          engaging  in best efforts to obtain the requisite stockholder approval
          of any necessary amendment to the Articles of Incorporation.

               (iii)  All  shares  of  Series A Convertible Preferred Stock that
          shall have been surrendered for conversion as herein provided shall no
          longer  be  deemed  to  be outstanding, and all rights with respect to
          such  shares,  including  the  rights,  if any, to receive notices, to
          vote,  and to receive payment of any dividends accrued or declared but
          unpaid  thereon,  shall  immediately  cease  and  terminate  at  the
          Conversion  Time,  except  only  the  right  of the holders thereof to
          receive  shares  of  Common  Stock in exchange therefor. Any shares of
          Series A Convertible Preferred Stock so converted shall be retired and
          cancelled  and shall not be reissued as shares of such series, and the
          Corporation (without the need for stockholder action) may from time to
          time  take  such  appropriate action as may be necessary to reduce the
          authorized  number  of  shares of Series A Convertible Preferred Stock
          accordingly.

                                        7
<PAGE>

               (iv)  Upon  any  such  conversion,  no adjustment to the Series A
          Conversion  Price shall be made for any accrued or declared but unpaid
          dividends  on the Series A Convertible Preferred Stock surrendered for
          conversion or on the Common Stock delivered upon conversion.

               (v) The Corporation shall pay any and all issue and other similar
          taxes  that  may  be payable in respect of any issuance or delivery of
          shares  of  Common  Stock  upon  conversion  of  shares  of  Series  A
          Convertible  Preferred  Stock  pursuant  to  this  Section  5.  The
          Corporation shall not, however, be required to pay any tax that may be
          payable  in  respect  of  any  transfer  involved  in the issuance and
          delivery  of shares of Common Stock in a name other than that in which
          the  shares  of Series A Convertible Preferred Stock so converted were
          registered,  and no such issuance or delivery shall be made unless and
          until  the  person  or entity requesting such issuance has paid to the
          Corporation  the  amount  of  any  such tax or has established, to the
          satisfaction of the Corporation, that such tax has been paid.

          (d)     Adjustments  to Series A Conversion Price for Diluting Issues.
                  -------------------------------------------------------------

               (i)  Special  Definitions.  For  purposes  of this Section 5, the
                    --------------------
          following definitions shall apply:

                    (A)  "OPTION"  shall  mean  rights,  options, or warrants to
               subscribe  for,  purchase,  or  otherwise acquire Common Stock or
               Convertible Securities.

                    (B)  "SERIES  A  ORIGINAL ISSUE DATE" shall mean the date on
               which the first share of Series A Convertible Preferred Stock was
               issued.

                    (C)  "CONVERTIBLE  SECURITIES"  shall  mean  any evidence of
               indebtedness,  shares  or other securities directly or indirectly
               convertible  into or exchangeable for Common Stock, but excluding
               Options.

                    (D)  "ADDITIONAL  SHARES  OF  COMMON  STOCK"  shall mean all
               shares  of Common Stock issued (or, pursuant to Section 5(d)(iii)
                                                               -----------------
               below, deemed to be issued) by the Corporation after the Series A
               Original  Issue  Date,  other  than  the  following  ("EXEMPTED
               SECURITIES"):

                         (I) shares of Common Stock issued or deemed issued as a
                    dividend  or  distribution on Series A Convertible Preferred
                    Stock;

                         (II)  shares  of  Common  Stock  issued  or issuable by
                    reason  of  a  dividend,  stock  split,  split-up  or  other
                    distribution  on  shares  of Common Stock that is covered by
                    Section 5(e) or 5(f) below;
                    -------------------

                                        8
<PAGE>

                         (III) shares of Common Stock issued or deemed issued to
                    employees  or  directors  of,  or  consultants  to,  the
                    Corporation  or  any of its subsidiaries pursuant to a plan,
                    agreement, or arrangement approved by the Board of Directors
                    of  the Corporation and holders representing no-less than 66
                    %  of  the  outstanding  Stated  Value  of  the  Series  A
                    Convertible  Preferred  Stock  or  the  Preferred  Stock
                    Representative;  provided,  however,  the  first  1,000,000
                    shares  of  Common  Stock  issued  during each calendar year
                    shall  not  require the approval of the holders representing
                    of the Series A Convertible Preferred Stock or the Preferred
                    Stock  Representative;  provided,  further;  shares  issued
                    pursuant to a Employee Stock Ownership Plan (ESOP) qualified
                    under  sections  401  (a)  and  4975  (e)(7) of the Internal
                    Revenue  Code  shall not require the approval of the holders
                    representing  of the Series A Convertible Preferred Stock or
                    the Preferred Stock Representative;

                         (IV)  shares  of Common Stock or Convertible Securities
                    actually  issued  upon the exercise of Options, or shares of
                    Common Stock actually issued upon the conversion or exchange
                    of  Convertible Securities (including the Series B Preferred
                    Stock,  the  Class  A Warrants and the Class B Warrants), in
                    each case, provided the issuance is pursuant to the terms of
                    such Option or Convertible Security;

                         (V)  shares  of  Common  Stock  issued  or  issuable in
                    connection  with  a  bona  fide  joint  venture  or business
                    acquisition  of  or  by  the Corporation, whether by merger,
                    consolidation, sale of assets, sale or exchange of stock, or
                    otherwise;  provided  that  any such issuance is approved by
                    the  Board  of Directors, and, at the time of such issuance,
                    the  aggregate of that issuance and similar issuances in the
                    preceding  twelve  (12)  month  period  shall not exceed two
                    percent  (2%)  of  the  then-outstanding Common Stock of the
                    Corporation  (assuming  full  conversion and exercise of all
                    convertible and exercisable securities); or

                         (VI)  shares  of  Series  A Convertible Preferred Stock
                    issued  for a purchase price of at least $1 per share within
                    ninety (90) days of the Series A Original Issue Date.

                                        9
<PAGE>

               (ii) No Adjustment of Series A Conversion Price. No adjustment in
                    ------------------------------------------
          the  Series  A  Conversion  Price  shall  be made as the result of the
          issuance  of  Additional  Shares  of  Common  Stock  if:  (a)  the
          consideration  per  share (determined pursuant to Section 5(d)(v)) for
                                                            --------------
          such  Additional  Shares of Common Stock issued or deemed to be issued
          by the Corporation is equal to or greater than the applicable Series A
          Conversion Price in effect immediately prior to the issuance or deemed
          issuance  of  such  Additional Shares of Common Stock, or (b) prior to
          such  issuance  or  deemed  issuance, the Corporation receives written
          notice from the holders of at least a majority of the then-outstanding
          shares  of  Series A Convertible Preferred Stock agreeing that no such
          adjustment  shall  be  made  as  the  result of the issuance or deemed
          issuance of such Additional Shares of Common Stock.

               (iii) Deemed Issue of Additional Shares of Common Stock.
                     -------------------------------------------------

                    (A)  If  the  Corporation  at  any time or from time to time
               after the Series A Original Issue Date shall issue any Options or
               Convertible  Securities  (excluding  Options  or  Convertible
               Securities  that, upon exercise, conversion, or exchange thereof,
               would  entitle  the holder thereof to receive Exempted Securities
               pursuant to Sections 5(d)(i)(D)(I), (II), (III), (IV), or (V)) or
                           -------------------------------------------------
               shall  fix  a record date for the determination of holders of any
               class  of  securities  entitled  to  receive  any such Options or
               Convertible  Securities,  then  the  maximum  number of shares of
               Common  Stock  (as  set forth in the instrument relating thereto,
               assuming  the  satisfaction  of any conditions to exercisability,
               convertibility,  or  exchangeability  but  without  regard to any
               provision  contained  therein for a subsequent adjustment of such
               number)  issuable  upon  the  exercise of such Options or, in the
               case  of  Convertible  Securities  and  Options  therefor,  the
               conversion  or  exchange of such Convertible Securities, shall be
               deemed  to  be Additional Shares of Common Stock issued as of the
               time of such issue or, in case such a record date shall have been
               fixed, as of the close of business on such record date.

                    (B)  If the terms of any Option or Convertible Security, the
               issuance  of  which  resulted  in  an  adjustment to the Series A
               Conversion Price pursuant to the terms of Section 5(d)(iv) below,
                                                         ---------------
               are  revised  (either  automatically  pursuant  to the provisions
               contained  therein  or as a result of an amendment to such terms)
               to  provide for either (1) any increase or decrease in the number
               of shares of Common Stock issuable upon the exercise, conversion,
               or exchange of any such Option or Convertible Security or (2) any
               increase  or  decrease  in  the  consideration  payable  to  the
               Corporation  upon  such  exercise, conversion, or exchange, then,
               effective  upon such increase or decrease becoming effective, the
               Series  A  Conversion  Price  computed upon the original issue of
               such  Option or Convertible Security (or upon the occurrence of a
               record  date  with  respect  thereto) shall be readjusted to such
               Series A Conversion Price as would have obtained had such revised
               terms  been  in effect upon the original date of issuance of such
               Option or Convertible Security. Notwithstanding the foregoing, no
               adjustment  pursuant  to this clause (B) shall have the effect of
               increasing  the  Series  A  Conversion  Price  to  an amount that
               exceeds  the  lower  of  (i) the Series A Conversion Price on the
               original  adjustment  date, or (ii) the Series A Conversion Price
               that  would have resulted from any issuances of Additional Shares
               of  Common  Stock  between  the original adjustment date and such
               readjustment date.

                                       10
<PAGE>

                    (C)  If  the  terms  of  any  Option or Convertible Security
               (excluding Options or Convertible Securities that, upon exercise,
               conversion, or exchange thereof, would entitle the holder thereof
               to  receive  Exempted  Securities  pursuant  to  Sections
                                                                --------
               5(d)(i)(D)(I),  (II), (III), (IV), or (V)), the issuance of which
               -----------------------------------------
               did  not result in an adjustment to the Series A Conversion Price
               pursuant  to  the terms of Section 5(d)(iv) below (either because
                                          ---------------
               the  consideration  per  share  (determined  pursuant  to Section
                                                                         -------
               5(d)(v)  hereof) of the Additional Shares of Common Stock subject
               ------
               thereto  was  equal  to  or  greater than the Series A Conversion
               Price  then  in  effect,  or  because  such Option or Convertible
               Security was issued before the Series A Original Issue Date), are
               revised  after  the  Series  A  Original  Issue  Date  (either
               automatically  pursuant to the provisions contained therein or as
               a result of an amendment to such terms) to provide for either (1)
               any  increase or decrease in the number of shares of Common Stock
               issuable  upon  the exercise, conversion, or exchange of any such
               Option or Convertible Security or (2) any increase or decrease in
               the  consideration payable to the Corporation upon such exercise,
               conversion,  or  exchange,  then  such  Option  or  Convertible
               Security,  as  so  amended,  and  the Additional Shares of Common
               Stock  subject  thereto  (determined  in  the  manner provided in
               Section  5(d)(iii)(A)  above) shall be deemed to have been issued
               --------------------
               effective upon such increase or decrease becoming effective.

                    (D)  Upon  the  expiration or termination of any unexercised
               Option  or  unconverted  or unexchanged Convertible Security that
               resulted (either upon its original issuance or upon a revision of
               its  terms)  in  an  adjustment  to the Series A Conversion Price
               pursuant  to  the  terms  of Section 5(d)(iv) below, the Series A
                                            ----------------
               Conversion  Price shall be readjusted to such Series A Conversion
               Price  as  would  have  obtained  had  such Option or Convertible
               Security never been issued.

               (iv)  Adjustment  of  Series  A Conversion Price Upon Issuance of
                     -----------------------------------------------------------
          Additional  Shares  of  Common  Stock. If the Corporation shall at any
          -------------------------------------
          time after the Series A Original Issue Date issue Additional Shares of
          Common Stock (including Additional Shares of Common Stock deemed to be
          issued  pursuant to Section 5(d)(iii)), without consideration or for a
                              ----------------
          consideration  per  share less than the applicable Series A Conversion
          Price  in  effect  immediately  prior to such issue, then the Series A
          Conversion  Price  shall  be reduced, concurrently with such issue, to
          the consideration per share received by the Corporation for such issue
          or  deemed  issue  of  the Additional Shares of Common Stock; provided
          that  if  such  issuance or deemed issuance was without consideration,
          then  the Corporation shall be deemed to have received an aggregate of
          $.001  of consideration for all such Additional Shares of Common Stock
          issued or deemed to be issued.

               (v)  Determination of Consideration. For purposes of this Section
                    ------------------------------                       -------
          5(d),  the  consideration received by the Corporation for the issue of
          ---
          any Additional Shares of Common Stock shall be computed as follows:

                    (A) Cash and Property: Such consideration shall:
                       -------------------

                         (I)  insofar as it consists of cash, be computed at the
                    aggregate  amount  of  cash  received  by  the  Corporation,
                    excluding amounts paid or payable for accrued interest;

                         (II)  insofar  as  it  consists  of property other than
                    cash,  be  computed  at the fair market value thereof at the
                    time of such issue, as determined in good faith by the Board
                    of Directors of the Corporation; and

                         (III)  if  Additional Shares of Common Stock are issued
                    together  with other shares or securities or other assets of
                    the  Corporation  for consideration that covers both, be the
                    proportion  of  such  consideration so received, computed as
                    provided  in  clauses  (I)  and (II) above, as determined in
                                  ---------------------
                    good faith by the Board of Directors of the Corporation.

                    (B)  Options  and  Convertible Securities. The consideration
                         ------------------------------------
               per  share  received  by the Corporation for Additional Shares of
               Common  Stock  deemed  to  have  been  issued pursuant to Section
                                                                         -------
               5(d)(iii),  relating to Options and Convertible Securities, shall
               --------
               be determined by dividing

                         (I) the total amount, if any, received or receivable by
                    the  Corporation  as  consideration  for  the  issue of such
                    Options  or  Convertible  Securities,  plus  the  minimum
                    aggregate  amount  of additional consideration (as set forth
                    in  the  instruments relating thereto, without regard to any
                    provision  contained  therein for a subsequent adjustment of
                    such  consideration)  payable  to  the  Corporation upon the
                    exercise  of  such  Options or the conversion or exchange of
                    such  Convertible  Securities, or in the case of Options for
                    Convertible  Securities,  the  exercise  of such Options for
                    Convertible  Securities  and  the  conversion or exchange of
                    such Convertible Securities, by

                         (II)  the  maximum number of shares of Common Stock (as
                    set  forth  in  the  instruments  relating  thereto, without
                    regard  to  any provision contained therein for a subsequent
                    adjustment  of  such  number)  issuable upon the exercise of
                    such  Options  or  the  conversion  or  exchange  of  such
                    Convertible Securities.

                    (vi)  Multiple Closing Dates. If the Corporation shall issue
                          ----------------------
               on  more than one date Additional Shares of Common Stock that are
               a part of one transaction or a series of related transactions and
               that  would  result  in  an adjustment to the Series A Conversion
               Price pursuant to the terms of Section 5(d)(iv) above, then, upon
                                              ---------------
               the  final  such issuance, the Series A Conversion Price shall be
               readjusted  to  give  effect  to  all  such  issuances as if they
               occurred  on  the  date  of  the first such issuance (and without
               additional  giving  effect  to any adjustments as a result of any
               subsequent issuances within such period).

                                       11
<PAGE>

          (e)  Adjustment  for Stock Splits and Combinations. If the Corporation
               ---------------------------------------------
     shall  at  any  time or from time to time after the Series A Original Issue
     Date  effect  a  subdivision  of  the  outstanding  Common  Stock without a
     comparable  subdivision  of  the  Series  A  Convertible Preferred Stock or
     combine  the  outstanding  shares  of  Series A Convertible Preferred Stock
     without  a  comparable  combination  of  the  Common  Stock,  the  Series A
     Conversion  Price  in  effect  immediately  before  that  subdivision  or
     combination shall be proportionately decreased so that the number of shares
     of  Common  Stock issuable on conversion of each share of such series shall
     be  increased  in  proportion  to  such increase in the aggregate number of
     shares of Common Stock outstanding or in proportion to such decrease in the
     aggregate  number  of  shares  of  Series A Preferred Stock outstanding, as
     applicable. If the Corporation shall at any time or from time to time after
     the  Series  A Original Issue Date combine the outstanding shares of Common
     Stock  without  a  comparable  combination  of  the  Series  A  Convertible
     Preferred Stock or effect a subdivision of the outstanding shares of Series
     A  Convertible  Preferred  Stock  without  a  comparable subdivision of the
     Common  Stock,  the  Series A Conversion Price in effect immediately before
     the  combination  or subdivision shall be proportionately increased so that
     the  number  of shares of Common Stock issuable on conversion of each share
     of  such  series  shall  be decreased in proportion to such decrease in the
     aggregate  number of shares of Common Stock outstanding or in proportion to
     such  increase  in  the  aggregate number of shares of Series A Convertible
     Preferred  Stock  outstanding,  as  applicable.  Any  adjustment under this
     subsection  shall become effective at the close of business on the date the
     subdivision or combination becomes effective.

          (f)  Adjustment  for  Certain  Dividends  and  Distributions.  If  the
               -------------------------------------------------------
     Corporation  at  any  time or from time to time after the Series A Original
     Issue  Date shall make or issue, or fix a record date for the determination
     of  holders  of  Common  Stock  entitled  to  receive,  a dividend or other
     distribution  payable  on  the  Common Stock in additional shares of Common
     Stock,  then and in each such event the Series A Conversion Price in effect
     immediately  before  such  event  shall be decreased as of the time of such
     issuance  or,  in the event such a record date shall have been fixed, as of
     the  close  of  business  on  such record date, by multiplying the Series A
     Conversion Price then in effect by a fraction:

               (1) the numerator of which shall be the total number of shares of
          Common  Stock  issued and outstanding immediately prior to the time of
          such issuance or the close of business on such record date, and

               (2)  the denominator of which shall be the total number of shares
          of  Common  Stock issued and outstanding immediately prior to the time
          of such issuance or the close of business on such record date plus the
          number  of shares of Common Stock issuable in payment of such dividend
          or distribution;

          provided,  however,  that  if  such  record date shall have been fixed
          and  such  dividend  is  not fully paid or if such distribution is not
          fully  made  on the date fixed therefor, the Series A Conversion Price
          shall  be  recomputed  accordingly as of the close of business on such
          record  date  and  thereafter  the  Series A Conversion Price shall be

                                       12
<PAGE>

          adjusted  pursuant to this subsection as of the time of actual payment
          of  such  dividends  or  distributions; and provided further, however,
          that  no  such  adjustment  shall  be  made if the holders of Series A
          Convertible  Preferred  Stock simultaneously receive (i) a dividend or
          other  distribution of shares of Common Stock in a number equal to the
          number  of  shares  of Common Stock as they would have received if all
          outstanding  shares  of  Series A Convertible Preferred Stock had been
          converted  into  Common  Stock  on  the  date  of such event or (ii) a
          dividend  or  other  distribution  of  shares  of Series A Convertible
          Preferred  Stock  that  are convertible, as of the date of such event,
          into  such  number of shares of Common Stock as is equal to the number
          of additional shares of Common Stock being issued with respect to each
          share of Common Stock in such dividend or distribution.

          (g)  Adjustments  for  Other  Dividends  and  Distributions.  If  the
               ------------------------------------------------------
     Corporation  at  any  time or from time to time after the Series A Original
     Issue  Date shall make or issue, or fix a record date for the determination
     of  holders  of  capital  stock  of  the Corporation entitled to receive, a
     dividend  or  other  distribution  payable in securities of the Corporation
     (other  than  a  distribution  of  shares  of  Common  Stock  in respect of
     outstanding shares of Common Stock) or in other property, then, and in each
     such  event,  the  holders  of  Series  A Convertible Preferred Stock shall
     receive,  simultaneously  with  the  distribution  to  the  holders of such
     capital stock, a dividend or other distribution of such securities or other
     property  in  an  amount  equal  to  the amount of such securities or other
     property  as they would have received if all outstanding shares of Series A
     Convertible  Preferred  Stock  had  been converted into Common Stock on the
     date of such event.

          (h)  Adjustment  for  Merger  or  Reorganization,  etc. Subject to the
               -------------------------------------------------
     provisions  of  Section  4(c),  if  there  shall  occur any reorganization,
                     ------------
     recapitalization,  reclassification,  consolidation or merger involving the
     Corporation  in  which  the  Common Stock (but not the Series A Convertible
     Preferred  Stock)  is  converted into or exchanged for securities, cash, or
     other  property (other than a transaction covered by Sections 5(e), (f), or
                                                          ----------------------
     (g)),  then,  following  any  such  reorganization,  recapitalization,
     ---
     reclassification,  consolidation,  or  merger,  each  share  of  Series  A
     Convertible  Preferred Stock shall thereafter be convertible in lieu of the
     Common  Stock  into  which  it was convertible prior to such event into the
     kind  and amount of securities, cash or other property that a holder of the
     number  of  shares  of  Common  Stock  of  the  Corporation  issuable  upon
     conversion of one share of Series A Convertible Preferred Stock immediately
     prior  to  such  reorganization,  recapitalization,  reclassification,
     consolidation,  or  merger  would have been entitled to receive pursuant to
     such  transaction; and, in such case, appropriate adjustment (as determined
     in  good  faith by the Board of Directors of the Corporation) shall be made
     in  the application of the provisions in this Section 5 with respect to the
                                                   ---------
     rights  and interests thereafter of the holders of the Series A Convertible
     Preferred Stock, to the end that the provisions set forth in this Section 5
     (including  provisions  with respect to changes in and other adjustments of
     the Series A Conversion Price) shall thereafter be applicable, as nearly as
     reasonably  may  be,  in  relation  to  any  securities  or  other property
     thereafter  deliverable  upon  the  conversion  of the Series A Convertible
     Preferred Stock.

          (i)  Certificate  as  to  Adjustments.  Upon  the  occurrence  of each
               --------------------------------
     adjustment  or  readjustment  of  the Series A Conversion Price pursuant to
     this  Section  5,  the  Corporation,  at its expense, shall, as promptly as
           ----------
     reasonably  practicable,  but  in  any  event  not later than ten (10) days
     thereafter,  compute such adjustment or readjustment in accordance with the
     terms  hereof  and furnish to each holder of Series A Convertible Preferred
     Stock  a  certificate  setting  forth  such  adjustment  or  readjustment
     (including  the  kind and amount of securities, cash or other property into

                                       13
<PAGE>

     which  the Series A Convertible Preferred Stock is convertible) and showing
     in  detail  the  facts upon which such adjustment or readjustment is based.
     The  Corporation  shall,  as  promptly  as reasonably practicable after the
     written request at any time of any holder of Series A Convertible Preferred
     Stock  (but  in any event not later than ten (10) days thereafter), furnish
     or cause to be furnished to such holder a certificate setting forth (i) the
     Series  A Conversion Price then in effect, and (ii) the number of shares of
     Common Stock and the type and amount, if any, of other securities, cash, or
     property  that  then  would  be  received  upon  the conversion of Series A
     Convertible Preferred Stock.

          (j) Notice of Record Date. In the event:
              ---------------------

               (i)  the  Corporation  shall  take a record of the holders of its
          Common  Stock  (or other stock or securities at the time issuable upon
          conversion  of  the  Series  A  Convertible  Preferred  Stock) for the
          purpose of entitling or enabling them to receive any dividend or other
          distribution, or to receive 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

               (ii)  of  any  capital  reorganization  of  the  Corporation, any
          reclassification of the Common Stock of the Corporation, or any Deemed
          Liquidation Event; or

               (iii)  of  the voluntary or involuntary dissolution, liquidation,
          or  winding-up  of  the  Corporation, then, and in each such case, the
          Corporation will send or cause to be sent to the holders of the Series
          A Convertible Preferred Stock a notice specifying, as the case may be,
          (i) the record date for such dividend, distribution, or right, and the
          amount and character of such dividend, distribution, or right, or (ii)
          the  effective  date  on  which such reorganization, reclassification,
          consolidation,  merger,  transfer,  dissolution,  liquidation,  or
          winding-up  is  proposed  to take place, and the time, if any is to be
          fixed,  as  of  which  the  holders of record of Common Stock (or such
          other  stock or securities at the time issuable upon the conversion of
          the  Series  A  Convertible  Preferred  Stock)  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,  transfer,
          dissolution,  liquidation, or winding-up, and the amount per share and
          character  of  such  exchange  applicable  to the Series A Convertible
          Preferred  Stock  and  the  Common Stock. Such notice shall be sent at
          least ten (10) days prior to the record date or effective date for the
          event  specified in such notice. Any notice required by the provisions
          hereof  to  be  given  to  a  holder of shares of Series A Convertible
          Preferred  Stock  shall  be deemed sent to such holder if deposited in
          the  United States mail, postage prepaid, and addressed to such holder
          at his, her, or its address appearing on the books of the Corporation.

          (k) Limitation on Conversion. In no event shall any holder be entitled
              ------------------------
     to convert any share of Series A Convertible Preferred Stock, nor shall the
     Corporation  have  the obligation to convert such share to the extent that,
     after  such conversion, the sum of (i) the number of shares of Common Stock
     beneficially  owned  by any holder and its affiliates (other than shares of
     Common  Stock  which may be deemed beneficially owned through the ownership
     of  the  unconverted portion of the Series A Convertible Preferred Stock or
     any  unexercised right held by any holder subject to a similar limitation),

                                       14
<PAGE>

     and  (ii) the number of shares of Common Stock issuable upon the conversion
     of the shares of Series A Convertible Preferred Stock with respect to which
     the determination of this proviso is being made, would result in beneficial
     ownership  by  any  holder  and  its  affiliates  of more than 4.99% of the
     outstanding shares of Common Stock (after taking into account the shares to
     be issued to the holder upon such conversion). For purposes of this Section
     5(d),  beneficial  ownership shall be determined in accordance with Section
     13(d)  of  the  Securities Exchange Act of 1934, as amended. Nothing herein
     shall  preclude  the  holder from disposing of a sufficient number of other
     shares of Common Stock beneficially owned by the holder so as to thereafter
     permit  the  continued  conversion  of  the  shares of Series A Convertible
     Preferred Stock.

     6.     Mandatory  Conversion.  The  Corporation  shall  have the conversion
            ---------------------
rights  as  follows:

          a.  If,  at any time after the Effective Date (as such term is defined
     in  Section  9  below),  (i)  the  Closing Price on the Common Stock of the
         ----------
     Corporation  equals  or exceeds $2.00 per share for a period of twenty (20)
     consecutive  Trading  Days  and  (ii) the Corporation's Common Stock has an
                                 ---
     average  trading volume in excess of 100,000 shares per Trading Day for the
     same  twenty  (20)  Trading  Days  (the  "MANDATORY  CONVERSION DATE"), the
     Corporation  may convert the shares of Series A Convertible Preferred Stock
     into  registered  shares  of  Common  Stock of the Corporation based on the
     Fixed Conversion Price.

          b.  All  holders of record of shares of Series A Convertible Preferred
     Stock  shall  be  given written notice of the Conversion Date and the place
     designated  for  mandatory  conversion  of  all  such  shares  of  Series A
     Convertible  Preferred  Stock  pursuant to this Section 6. Such notice need
                                                     ---------
     not  be  given  in  advance  of the occurrence of the Conversion Date. Such
     notice shall be sent by first class or registered mail, postage prepaid, or
     given  by electronic communication in compliance with the provisions of the
     Florida  Business  Corporation  Act,  to  each  record  holder  of Series A
     Convertible  Preferred  Stock.  Upon receipt of such notice, each holder of
     shares  of Series A Convertible Preferred Stock shall surrender his, her or
     its  certificate(s)  for  all  such  shares to the Corporation at the place
     designated  in  such  notice, and shall thereunder receive certificates for
     the  number  of  shares  of  Common  Stock to which such holder is entitled
     pursuant to this, Section 6. On the Conversion Date, all outstanding shares
                       ---------
     of  Series  A  Convertible  Preferred  Stock  shall  be deemed to have been
     converted  into  shares  of  Common  Stock,  which  shall  be  deemed to be
     outstanding  of  record,  and  all  rights  with  respect  to  the Series A
     Convertible  Preferred Stock so converted, including the rights, if any, to
     receive  notices and to vote (other than as a holder of Common Stock), will
     terminate, except the right of the holders thereof, upon surrender of their
     certificate(s)  therefor,  to receive certificates for the number of shares
     of  Common  Stock  into which such Series A Convertible Preferred Stock has
     been  converted,  and payment of any declared but unpaid dividends thereon.
     If  so required by the Corporation, certificates surrendered for conversion
     shall  be  endorsed or accompanied by written instrument(s) of transfer, in
     form  satisfactory  to  the  Corporation,  duly  executed by the registered
     holder  or  by his, her or its attorney duly authorized in writing. As soon
     as  practicable  after  the  Conversion  Date  and  the  surrender  of  the
     certificate(s)  for  Series  A Convertible Preferred Stock, the Corporation
     shall  cause  to be issued and delivered to such holder, on his, her or its
     written  order, a certificate or certificates for the number of full shares
     of  Common  Stock  issuable  on  such  Conversion  in  accordance  with the
     provisions hereof.

                                       15
<PAGE>

          c.  All  certificates  evidencing  shares  of  Series  A  Convertible
     Preferred  Stock  that  are  required  to  be surrendered for conversion in
     accordance  with the provisions hereof shall, from and after the Conversion
     Date, be deemed to have been retired and cancelled and the shares of Series
     A  Convertible  Preferred  Stock  represented thereby converted into Common
     Stock  for  all  purposes,  notwithstanding  the  failure  of the holder(s)
     thereof  to  surrender  such  certificate(s) on or prior to such date. Such
     converted  Series  A  Convertible  Preferred  Stock  may not be reissued as
     shares  of  such  Series,  and  the  Corporation  may  thereafter take such
     appropriate  action  (without  the  need  for stockholder action) as may be
     necessary to reduce the authorized number of shares of Series A Convertible
     Preferred Stock accordingly.

     7.     Redemption.
            ----------

          a. Optional Redemption. The Corporation shall not at any time have the
             -------------------
     right  at  its  election to call or to redeem all or any shares of Series A
     Convertible  Preferred  Stock.  Upon  the occurrence of a Change in Control
     Event  (as  defined  below),  the  holders  of  at  least a majority of the
     then-outstanding  shares  of  Series  A Convertible Preferred Stock, voting
     together  as  a single class, may elect, at anytime within twenty (20) days
     after  the  occurrence  of  the  Change  in  Control Event (the "REDEMPTION
     PERIOD"),  to  cause  the  Corporation  to redeem all, or a portion, of the
     Series  A  Convertible  Preferred Stock by delivering written notice to the
     Corporation  (the "REDEMPTION NOTICE"). The Redemption Notice shall specify
     the  holders  that  have  elected  to  have his or its Series A Convertible
     Preferred  Stock redeemed and the number of shares that each such holder is
     electing  to  have  redeemed  (collectively,  the  "REDEEMED  SHARES"). The
     Corporation shall provide notice to the holders of the Series A Convertible
     Preferred  Stock,  or  the  Preferred  Stock Representative, if any, within
     three  (3)  days  of  the occurrence of the Change in Control Event. Within
     twenty  (20)  days  of  receipt of a the Redemption Notice, the Corporation
     shall  redeem  the  Redeemed  Preferred Stock using funds legally available
     therefor.

          b.  Redemption  Price  and Payment. The Series A Convertible Preferred
              ------------------------------
     Stock to be redeemed on the Redemption Date shall be redeemed by paying for
     each  share  cash  in  an amount equal to (a) the Stated Value per share of
     each  such  share  plus  (b) an amount equal to the total amount of (i) all
     dividends  accrued  and unpaid on each such share to the date such share is
     redeemed,  whether  or  not declared, and (ii) all other dividends declared
     and  unpaid  on  each such share through the date of actual redemption (the
     "REDEMPTION  PRICE").  Such payment shall be made in full on the Redemption
     Date  to  the  holders  entitled thereto with respect to their shares being
     redeemed  on  such  date. If the funds of the Corporation legally available
     for  redemption  of  Series A Convertible Preferred Stock on the Redemption
     Date  are  insufficient  to  redeem  the  number  of  shares  of  Series  A
     Convertible Preferred Stock required under this Section 7 to be redeemed on
                                                     ---------
     such  date,  those funds which are legally available will be used to redeem
     the  shares  of  Series A Convertible Preferred Stock to be redeemed on the
     Redemption  Date and the maximum possible number of such shares of Series A
     Convertible Preferred Stock ratably if the funds of the Corporation legally
     available  therefor  are  insufficient  to  redeem  all  shares of Series A
     Convertible  Preferred  Stock. At any time thereafter when additional funds
     of  the Corporation become legally available for the redemption of Series A
     Convertible  Preferred  Stock,  such  funds will be used, at the end of the
     next  succeeding  fiscal  quarter,  to  redeem the balance of the shares of
     Series  A Convertible Preferred Stock which the Corporation was theretofore
     obligated to redeem, ratably.

          c.  Redemption Notice by the Corporation. At least twenty (20) but not
              ------------------------------------
     more  than  thirty  (30)  days prior to the Redemption Date, written notice
     (the  "CORPORATION REDEMPTION NOTICE") shall be given by the Corporation by
     mail,  postage  prepaid,  by  reputable  overnight  delivery service, or by
     facsimile  transmission, to each holder of record (at the close of business
     on  the  business day next preceding the day on which the Redemption Notice
     is  given) of shares of Series A Convertible Preferred Stock notifying such
     holder  of  the  redemption and specifying the Redemption Price, Redemption
     Date  and  the  place  where  the  said  Series A Redemption Price shall be
     payable.

          d.  Surrender  of Certificates. On or before the applicable Redemption
              --------------------------
     Date,  each  holder  of  shares of Series A Convertible Secured Stock to be
     redeemed on such Redemption Date, unless such holder has exercised his, her
     or  its right to convert such shares as provided in Section X hereof, shall
     surrender  the certificate(s) representing such shares to the Corporation.,
     in  the  manner  and  at the place designated in the Corporation Redemption
     Notice,  and  thereupon,  the  Redemption  Price  for  such shares shall be
     payable  to  the  order  of  the  person  whose  name  appears  on  such
     certificate(s) as the owner thereof, and each surrendered certificate shall
     be cancelled and retired.

          e.  Redeemed  or  Otherwise  Acquired  Shares.  Any shares of Series A
              -----------------------------------------
     Convertible  Preferred Stock that are redeemed or otherwise acquired by the
     Corporation  or  any  of  its  subsidiaries  shall  be  automatically  and
     immediately  cancelled  and  shall  not  be  reissued, sold or transferred.
     Neither the Corporation nor any of its subsidiaries may exercise any voting
     or  other  rights  granted to the holders of Series A Convertible Preferred
     Shares following redemption.

     8.     Waiver.  Any of the rights, powers, or preferences of the holders of
            ------
Series  A  Convertible  Preferred  Stock  set  forth herein may be waived by the
affirmative  consent or vote of the holders of at least a majority of the shares
of  Series  A  Convertible  Preferred  Stock  then  outstanding.

     9.     Definitions.  As  used  herein,  the  following terms shall have the
            -----------
following  meanings:

          a.  "AFFILIATE"  means  with  respect  to any individual, corporation,
               ---------
     partnership,  association,  trust,  or  any  other  entity (in each case, a
     "PERSON"), any Person that, directly or indirectly, Controls, is Controlled
     --------
     by,  or  is  under  common  Control  with  such  Person,  including without
     limitation,  any  general  partner,  executive officer, or director of such
     Person  or  any  holder of ten percent or more of the outstanding equity or
     voting power of such Person.

          b.  "CHANGE  IN CONTROL EVENT" shall mean a transaction or a series of
     related  transactions  which  result  in  a  Person  and Affiliates of such
     Person,  other  than  the  Founders  (as defined in the Securities Purchase
     Agreement), acquiring, in the aggregate, 50.1% or more of the Corporation's
     outstanding voting securities.

                                       16
<PAGE>

          c.  "CLASS  B  WARRANTS"  means  warrants  for  the  purchase  of  the
     Corporation's  Common Stock having the same terms, conditions, and exercise
     price  as the Class B Warrants originally issued pursuant to the Securities
     Purchase Agreement.

          d.  "CLOSING  PRICE"  for  any  day means: (i) the last reported sales
     price  regular  way  of  the  Common  Stock  on  such  day on the principal
     securities exchange on which the Common Stock is then listed or admitted to
     trading  or  on  Nasdaq, as applicable, (ii) if no sale takes place on such
     day  on  any such securities exchange or system, the average of the closing
     bid  and  asked  prices,  regular  way, on such day for the Common Stock as
     officially  quoted  on  any such securities exchange or system, (iii) if on
     such  day  such  shares  of Common Stock are not then listed or admitted to
     trading on any securities exchange or system, the last reported sale price,
     regular  way,  on  such  day  for  the  Common  Stock  in  the  domestic
     over-the-counter  market  as  reported  by  the  National Quotation Bureau,
     Incorporated, or any other successor organization, or (iv) if no sale takes
     place  on such day, the average of the high and low bid price of the Shares
     on  such  day  in  the  domestic over-the-counter market as reported by the
     National  Quotation  Bureau,  Incorporated,  or  any  other  successor
     organization, or (v) if no bid and asked prices are reported for the Common
     Stock by the National Quotation Bureau, Incorporated or any other successor
     organization  for  such  day, the average of the high and low bid and asked
     price  of  any of the market makers for the Common Stock as reported in the
     "pink  sheets" by the Pink Sheets LLC. If at any time such shares of Common
     Stock  are  not  listed  on  any  domestic exchange or quoted in the NASDAQ
     System  or  the  domestic  over-the-counter market or reported in the "pink
     sheets,"  the  Closing  Price  shall  be  the  fair  market  value  thereof
     determined  by an independent appraiser selected in good faith by the Board
     of Directors of the Corporation.

          e.  "COMMON STOCK" means shares of the Corporation's common stock, par
     value $0.001 per share.

          f. "CONTROL" means the possession, directly or indirectly, of power to
     direct  or  cause  the direction of management or policies (whether through
     ownership of voting securities, by agreement or otherwise).

          g.  "CONVERSION  DATE" shall mean either (1) the Effective Date of the
     Corporation's  SB-2 Registration Statement, or (2) the date that the holder
     of  the Series A Preferred Stock has satisfied the minimum one year holding
     requirements set forth in SEC Rule 144(d).

          h.  "EFFECTIVE DATE" shall mean the date on which the SEC declares the
     Corporation's  SB-2 Registration Statement filed pursuant to Section 3.1 of
     the Securities Purchase Agreement effective.

          i.  "MARKET  PRICE"  shall  mean  the  average of the five (5) Closing
     Prices  of  the  Corporation's  Common  Stock for the five (5) Trading Days
     preceding  the date or the date that the dividend is due or a conversion is
     to occur.

          j. "PERSON" shall mean any individual, partnership, firm, corporation,
     association, trust, unincorporated organization or other entity, as well as
     any  syndicate  or  group that would be deemed to be a person under Section
     13(d)(3) of the Securities Exchange Act of 1934, as amended.

                                       17
<PAGE>

          k. "SEC" means the United States Securities and Exchange Commission.

          l.  "SEC  RULE  144"  means  Rule 144 promulgated by the SEC under the
     Securities Act.

          m.  "SECURITIES ACT" means the Securities Act of 1933, as amended, and
     the rules and regulations promulgated thereunder.

          n.  "SECURITIES  PURCHASE  AGREEMENT"  means  the  Securities Purchase
     Agreement dated on or about ________, 2005, by and between the Corporation,
     Telzuit  Technologies,  Inc.,  Telzuit Technologies, LLC, Michael J. Vosch,
     James P. Tolan, and Don Sproat, and each of the persons listed on Exhibit A
                                                                       ---------
     attached thereto purchasing Series A Convertible Preferred Stock.

          o.  "SUBSIDIARY" shall mean any corporation, association, partnership,
     limited liability company or other business entity of which more than fifty
     percent  (50%)  of  the  total  voting  power  is,  at  the  time, owned or
     controlled,  directly  or  indirectly, by the Company or one or more of the
     other Subsidiaries of the Company or a combination thereof.

          p.  "TRADING  DAY"  means  a  day  on  which  the securities exchange,
     association, or quotation system on which shares of Common Stock are listed
     for  trading  shall  be open for business or, if the shares of Common Stock
     shall  not be listed on such exchange, association, or quotation system for
     such  day, a day with respect to which trades in the United States domestic
     over-the-counter market shall be reported.

     IN  WITNESS WHEREOF, this Certificate of Designation has been executed by a
duly  authorized  officer  of  the  Corporation  on  this  __ day of June, 2005.

                                   TAYLOR MADISON CORP.

                                   By:
                                       -------------------------------
                                   Name:  Don Sproat
                                   Title: Chief Executive Officer

                                       18
<PAGE>

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