Document:

SECOND AMENDMENT TO
                               -------------------

                      AMENDED AND RESTATED CREDIT AGREEMENT
                      -------------------------------------

                                   AND CONSENT
                                   -----------

     THIS  SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT AND CONSENT
(hereinafter  referred to as the "AMENDMENT") is made and entered into as of the
10th  day  of  June,  2005,  between  and  among,  on  the one hand, the lenders
identified  on  the  signature  pages  hereof (such lenders, together with their
respective successors and assigns, are referred to hereinafter each individually
as  a "LENDER" and collectively as the "LENDERS"), WELLS FARGO FOOTHILL, INC., a
California corporation, as the arranger and administrative agent for the Lenders
("AGENT"),  and,  on  the  other  hand,  ENERGY  CORPORATION  OF AMERICA, a West
Virginia  corporation  ("BORROWER").

                                    RECITALS
                                    --------

     A.     Agent,  the  Lenders  and  the  Borrower  entered  into that certain
Amended  and Restated Credit Agreement, dated as of June 10, 2004 (as amended by
that  certain  First Amendment to Amended and Restated Credit Agreement dated as
of  September  3,  2004,  the  "CREDIT  AGREEMENT").

     B.     Agent,  the  Lenders  and  the  Borrower desire to further amend the
Credit  Agreement  as  hereinafter  set  forth.

     C.     In  addition,  Borrower  has  advised  Agent  and  the  Lenders that
Borrower  and  Eastern American Energy Corporation ("EAEC") intend (i) to convey
certain  assets that are Borrowing Base Properties and Non-Pledged Properties to
Black  Stone  Minerals  Company,  L.P.,  a  Delaware  limited partnership or its
designees ("BLACK STONE"), as more specifically described and in accordance with
the  terms  set  forth in the notice letter ("NOTICE LETTER") attached hereto as
EXHIBIT "A" (the "DISPOSITION") and (ii) to grant a lien in favor of Black Stone
to secure EAEC's obligation to Black Stone to drill 180 development wells over a
three  (3)  year period as more specifically described in the Notice Letter (the
"LIEN").  In  accordance  with the Credit Agreement, Borrower has requested that
Agent  and  the  Lenders  consent  to  Borrower's  and  EAEC's (the "DISPOSITION
PARTIES")  departure  from  SECTION  7.2 and SECTION 7.4 of the Credit Agreement
(collectively,  the "APPLICABLE COVENANTS") in order for the Disposition Parties
to  complete  the  Disposition and grant the Lien.  Subject to the terms of this
Amendment,  Agent  and the Lenders consent to the Disposition Parties completing
the  Disposition  and  granting  the  Lien.

     NOW, THEREFORE, in consideration of the premises herein contained and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged,  the  parties,  intending  to  be  legally  bound, hereby agree as
follows:

                                    ARTICLE I
                                   DEFINITIONS
                                   -----------

     Section  1.01.  Definitions.  Capitalized  terms used in this Amendment, to
                     -----------
the  extent  not otherwise defined herein, shall have the same meaning as in the
Credit  Agreement,  as  amended  hereby.

                                   ARTICLE II
                                   AMENDMENTS
                                   ----------

     Section  2.01.  Amendment  to Section 6.23 of the Credit Agreement. Section
                     --------------------------------------------------  -------
6.23  of  the Credit Agreement is hereby amended and restated in its entirety to
----
read  as  set  forth  below:

<PAGE>
          6.23     COLLATERAL  VALUE.  Within  sixty  (60)  days after a Reserve
                   -----------------
     Report  or other report or information is delivered pursuant to Section 6.2
     that  shows  the  Total  Value  is  less  than  $160,000,000.00, either (a)
     execute,  and/or  cause  to  be  executed  and  delivered  to  the  Agent
     supplemental or additional Mortgages, in form and substance satisfactory to
     the Agent and its counsel, securing payment of the Obligations and covering
     other Oil and Gas Properties directly owned by Borrower, one or more of the
     Pledging  Subsidiaries  or  any  other Subsidiary of Borrower which are not
     then  covered by any Mortgage and having a value (as determined by Agent in
     its  sole  discretion),  in  addition  to  the other Oil and Gas Properties
     already  subject  to  a  Mortgage,  sufficient  to cause the Total Value to
     exceed $160,000,000.00, or (b) reduce the Total Usage to an amount equal to
     or  less  than  62.5%  of  the  newly  established  Total  Value.

                                   ARTICLE III
                                     CONSENT
                                     -------

     Section  3.01.  Consent.  Subject to the terms of this Amendment, Agent and
                     -------
the  Lenders  consent  to the Disposition Parties completing the Disposition and
granting  the  Lien;  provided,  (a)  Borrower  uses  a  portion of the proceeds
received  from the Disposition to pay in full all outstanding indebtedness under
the  Indenture  and  the  other Indenture Documents; (b) each of the Disposition
Parties  performs  its  obligations  to  Black Stone to close the transaction in
accordance  with  that  certain  Term  Royalty  Agreement,  dated  May 17, 2005,
executed  by  the Disposition Parties and Black Stone ("TERM ROYALTY AGREEMENT")
and  the  documents  and  agreements  executed by the Disposition Parties and/or
Black  Stone  in  connection  therewith,  including,  without  limitation,  the
Development  Agreement (as defined in the Term Royalty Agreement) (collectively,
"TERM  ROYALTY  AGREEMENT  DOCUMENTS");  and  (c)  property  underlying the Lien
released  by  Black  Stone  from  time  to  time,  in  whole  or  in part, shall
automatically,  without  further action by the Disposition Parties, the Agent or
any  Lender,  become  and  be  deemed  to  be  Non-Pledged  Properties.

     Section  3.02.  Limitations.  The  consent  set  forth  herein shall not be
                     -----------
deemed a consent to the departure from or waiver of (a) the Applicable Covenants
for  any  purpose  other  than  to allow the Disposition Parties to complete the
Disposition and grant the Lien or (b) any other covenant or condition (including
without limitation, any other covenant or condition set forth in SECTION 7.2 and
SECTION  7.4 of the Credit Agreement) in any Loan Document or (c) any default or
event of default under any Loan Document that otherwise may arise as a result of
the  Disposition  Parties completing the Disposition, except as may be consented
to  herein.

                                   ARTICLE IV
                                   CONDITIONS
                                   ----------

     Section  4.01.  Conditions  Precedent.  The effectiveness of this Amendment
                     ---------------------
and the consent contained herein is subject to the satisfaction of the following
conditions  precedent,  unless  specifically  waived  by  Agent:

          (a)     Agent  shall  have  received  this Amendment, duly executed by
     Borrower,  together  with the Consent and Ratification (the "RATIFICATION")
     hereto,  duly  executed  by  each  Pledging  Subsidiary;

          (b)     The  representations  and  warranties contained herein, in the
     Credit  Agreement,  as  amended  hereby, the Ratification and in each other
     Loan  Document  shall be true and correct as of the date hereof, as if made
     on  the  date  hereof;

<PAGE>
          (c)     No  Event of Default shall have occurred and be continuing and
     no  Default  shall  exist, unless such Event of Default or Default has been
     specifically  waived  in  writing  by  Agent;  and

          (d)     All  corporate  proceedings  taken  in  connection  with  the
     transactions  contemplated by this Amendment and all documents, instruments
     and  other  legal matters incident thereto, shall be satisfactory to Agent.

     Section  4.02.  Conditions  Subsequent.
                     ----------------------

          (a)     On  or  before  July  15,  2005, the Disposition Parties shall
     execute,  and/or  cause  to  be  executed  and  delivered  to  the  Agent
     supplemental  or additional Mortgages (the "ADDITIONAL MORTGAGES"), in form
     and  substance  satisfactory to the Agent and its counsel, securing payment
     of the Obligations and covering other Oil and Gas Properties directly owned
     by  Borrower,  one  or  more  of  the  Pledging  Subsidiaries  or any other
     Subsidiary of Borrower which are not then covered by any Mortgage as listed
     on  EXHIBIT  "B".

          (b)     It  shall  be  an  Event of Default under the Credit Agreement
     upon  the  failure by the Disposition Parties (i) to deliver the Additional
     Mortgages to Agent on or before July 15, 2005; (ii) to use a portion of the
     proceeds  received  from  the  Disposition  to  pay in full all outstanding
     indebtedness  under  the  Indenture and the other Indenture Documents on or
     before  June  30,  2005; (iii) to close the transaction with Black Stone in
     accordance  with  the  Term Royalty Agreement Documents; and (iv) to ensure
     that  the property underlying the Lien released by Black Stone from time to
     time  becomes  Non-Pledged  Properties.

                                    ARTICLE V
                  RATIFICATIONS, REPRESENTATIONS AND WARRANTIES
                  ---------------------------------------------

     Section  5.01.  Ratifications.  The  terms and provisions set forth in this
                     -------------
Amendment  shall  modify and supersede all inconsistent terms and provisions set
forth in the Credit Agreement and except as expressly modified and superseded by
this  Amendment,  the terms and provisions of the Credit Agreement and the other
Loan  Documents  are ratified and confirmed and shall continue in full force and
effect.  Borrower  and  the  Agent  agree  that the Credit Agreement, as amended
hereby,  and the other Loan Documents shall continue to be legal, valid, binding
and  enforceable  in  accordance  with  their  respective  terms.

     Section  5.02.  Representations  and Warranties. Borrower hereby represents
                     -------------------------------
and  warrants  to  Agent  as  follows:

          (a)     the  execution, delivery and performance of this Amendment and
     any  and  all  other Loan Documents executed and/or delivered in connection
     herewith have been authorized by all requisite corporate action on the part
     of  Borrower and do not and will not conflict with or violate any provision
     of  any Applicable Law, the Articles of Incorporation or Bylaws of Borrower
     or  any  agreement, document, judgment, license, order or permit applicable
     to  or  binding  upon  any  of  the  Borrower  or its Property. No consent,
     approval,  authorization  or  order of and no notice to or filing with, any
     court  or  governmental authority or third person is required in connection
     with  the  execution,  delivery  or  performance  of  this  Amendment or to
     consummate  the  transactions  contemplated  hereby;

          (b)     the  representations  and  warranties  contained in the Credit
     Agreement,  as  amended  hereby,  the Ratification and in each of the other
     Loan  Document  are  true  and  correct  on

<PAGE>
     and  as  of  the  date  hereof as though made on and as of the date hereof,
     except  to  the  extent  such  representations  and warranties relate to an
     earlier  date;

          (c)     Borrower  is  in  full  compliance  with  all  covenants  and
     agreements  contained  in  the  Credit Agreement, as amended hereby; and in
     each  of  the  other  Loan  Documents;  and

          (d)     Borrower  has  not  amended  its  Articles of Incorporation or
     Bylaws or other organizational documents since the date of the execution of
     the  Credit  Agreement.

                                   ARTICLE VI
                                  MISCELLANEOUS
                                  -------------

     Section  6.01.  Survival  of  Representations  and  Warranties.  All
                     ----------------------------------------------
representations  and  warranties  made  in  the  Credit  Agreement  or any other
document  or documents relating thereto, including, without limitation, any Loan
Document  furnished  in  connection  with  this  Amendment,  shall  survive  the
execution  and  delivery  of this Amendment and the other Loan Documents, and no
investigation  by  Agent  or  any  closing  shall affect the representations and
warranties  or  the  right  of  Agent  to  rely  upon  them.

     Section  6.02.  Reference to Credit Agreement.  Each of the Loan Documents,
                     -----------------------------
including  the  Credit  Agreement and any and all other agreements, documents or
instruments now or hereafter executed and delivered pursuant to the terms hereof
or  pursuant to the terms of the Credit Agreement, as amended hereby, are hereby
amended  so  that  any  reference in such Loan Documents to the Credit Agreement
shall  mean  a  reference  to  the  Credit  Agreement,  as  amended  hereby.

     Section  6.03.  Expenses  of  Agent.  As  provided in the Credit Agreement,
                     -------------------
Borrower  agrees  to pay on demand all reasonable costs and expenses incurred by
Agent  in  connection  with  the  preparation, negotiation and execution of this
Amendment  and the other Loan Documents executed pursuant hereto and any and all
amendments,  modifications,  and  supplements  hereto,  including,  without
limitation,  the  reasonable  costs  and  fees of Agent's legal counsel, and all
reasonable  costs  and  expenses  incurred  by  Agent  in  connection  with  the
enforcement or preservation of any rights under the Credit Agreement, as amended
hereby,  or  any  other  Loan  Document,  including,  without  limitation,  the
reasonable  costs  and  fees  of  Agent's  legal  counsel.

     Section  6.04.  RELEASE.  BORROWER  HEREBY  ACKNOWLEDGES  THAT  IT  HAS  NO
                     -------
DEFENSE,  COUNTERCLAIM,  OFFSET, CROSS-COMPLAINT, CLAIM OR DEMAND OF ANY KIND OR
NATURE WHATSOEVER THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF
ITS  LIABILITY TO REPAY THE OBLIGATIONS OR TO SEEK AFFIRMATIVE RELIEF OR DAMAGES
OF  ANY  KIND  OR  NATURE  FROM  THE  AGENT  OR  THE  LENDERS.  BORROWER  HEREBY
VOLUNTARILY  AND  KNOWINGLY  RELEASES  AND  FOREVER DISCHARGES THE AGENT AND THE
LENDERS, THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, FROM ALL
POSSIBLE  CLAIMS,  DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES,
AND  LIABILITIES  WHATSOEVER,  KNOWN  OR  UNKNOWN, ANTICIPATED OR UNANTICIPATED,
SUSPECTED  OR  UNSUSPECTED,  FIXED,  CONTINGENT,  OR  CONDITIONAL,  AT LAW OR IN
EQUITY,  ORIGINATING IN WHOLE OR IN PART ON OR BEFORE THE DATE THIS AMENDMENT IS
EXECUTED, WHICH THE BORROWER MAY NOW OR HEREAFTER HAVE AGAINST THE AGENT AND THE
LENDERS,  THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, IF ANY,
AND  IRRESPECTIVE  OF  WHETHER  ANY  SUCH  CLAIMS  ARISE  OUT OF CONTRACT, TORT,
VIOLATION  OF  LAW  OR  REGULATIONS,  OR  OTHERWISE, AND ARISING FROM ANY OF THE
OBLIGATIONS,  INCLUDING,  WITHOUT  LIMITATION,  ANY  CONTRACTING  FOR, CHARGING,
TAKING,  RESERVING,  COLLECTING  OR  RECEIVING  INTEREST  IN  EXCESS

<PAGE>
OF  THE  HIGHEST LAWFUL RATE APPLICABLE, THE EXERCISE OF ANY RIGHTS AND REMEDIES
UNDER  THE  CREDIT  AGREEMENT  OR  OTHER LOAN DOCUMENTS, AND NEGOTIATION FOR AND
EXECUTION  OF  THIS  AMENDMENT.

     Section  6.05.  Severability.  Any  provision  of  this Amendment held by a
                     ------------
court  of competent jurisdiction to be invalid or unenforceable shall not impair
or  invalidate  the  remainder of this Amendment and the effect thereof shall be
confined  to  the  provision  so  held  to  be  invalid  or  unenforceable.

     Section 6.06.  APPLICABLE LAW.  THIS AMENDMENT AND ALL OTHER LOAN DOCUMENTS
                    --------------
EXECUTED PURSUANT HERETO SHALL BE DEEMED TO HAVE BEEN MADE AND TO BE PERFORMABLE
IN  ATLANTA,  GEORGIA, AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE  LAWS  OF  THE  STATE  OF  GEORGIA.

     Section  6.07.  Successors and Assigns.  This Amendment is binding upon and
                     ----------------------
shall  inure  to  the  benefit  of Agent, the Lenders and the Borrower and their
respective  successors  and  assigns,  except  the  Borrower  may  not assign or
transfer  any  of  its rights or obligations hereunder without the prior written
consent  of  Agent.

     Section 6.08.  Counterparts.  This Amendment may be executed in one or more
                    ------------
counterparts,  each of which when so executed shall be deemed to be an original,
but  all  of  which  when  taken  together  shall  constitute  one  and the same
instrument.

     Section 6.09.  Effect of Waiver.  No consent or waiver, express or implied,
                    ----------------
by  Agent to or for any breach of or deviation from any covenant or condition of
the  Credit  Agreement  shall  be  deemed a consent or waiver to or of any other
breach  of  the  same  or  any  other  covenant,  condition  or  duty.

     Section  6.10.  Headings.  The headings, captions, and arrangements used in
                     --------
this  Amendment are for convenience only and shall not affect the interpretation
of  this  Amendment.

     Section  6.11.  FINAL  AGREEMENT.  THE  CREDIT AGREEMENT, AS AMENDED HEREBY
                     ----------------
AND  THE  OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES
RELATED  TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR,  CONTEMPORANEOUS  OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE
NO  UNWRITTEN  ORAL  AGREEMENTS  BETWEEN  THE  PARTIES.

                  [Remainder of page intentionally left blank.]

<PAGE>
     IN  WITNESS  WHEREOF,  the Borrower, Agent and the Lenders have caused this
Amendment  to  be  executed  as  of  the  date first written above by their duly
authorized  officers.

                              BORROWER
                              --------

                              ENERGY  CORPORATION  OF  AMERICA

                              By:  /s/  Donald  C.  Supcoe
                                 -----------------------------------------------
                              Name:  Donald  C.  Supcoe
                                   ---------------------------------------------
                              Title: Sr.  Vice  President
                                    --------------------------------------------

                              AGENT
                              -----

                              WELLS  FARGO  FOOTHILL,  INC.,
                              as  Agent  and  Lender

                              By:  /s/  Gary  Forlenza
                                 -----------------------------------------------
                              Name:  Gary  Forlenza
                                   ---------------------------------------------
                              Title: Vice  President
                                    --------------------------------------------

                              LENDERS
                              -------

                              WELLS  FARGO  FOOTHILL,  INC.,
                              as  Agent  and  Lender

                              By:  /s/  Gary  Forlenza
                                 -----------------------------------------------
                              Name:  Gary  Forlenza
                                   ---------------------------------------------
                              Title: Vice  President
                                    --------------------------------------------

                              BANK  OF  AMERICA,  N.A.

                              By:  /s/  Charles  W.  Patterson
                                 -----------------------------------------------
                              Name:  Charles  W.  Patterson
                                   ---------------------------------------------
                              Title: Sr.  Vice  President
                                    --------------------------------------------

                       [Consent and Ratification follows.]

<PAGE>
                            CONSENT AND RATIFICATION
                            ------------------------

     The  undersigned,  EASTERN  AMERICAN  ENERGY  CORPORATION,  a West Virginia
corporation  and  ALLEGHENY  &  WESTERN  ENERGY  CORPORATION,  a  West  Virginia
corporation  (each  a  "PLEDGING  SUBSIDIARY"  and  collectively  the  "PLEDGING
SUBSIDIARIES")  have  executed  certain  Loan  Documents in favor of WELLS FARGO
FOOTHILL,  INC.,  a  California  corporation, as the arranger and administrative
agent  ("AGENT")  for  the  Lenders  in connection with that certain Amended and
Restated Credit Agreement, dated as of June 10, 2004 (as amended by that certain
First  Amendment  to Amended and Restated Credit Agreement dated as of September
3, 2004, the "CREDIT AGREEMENT") between and among, on the one hand, the lenders
identified  on  the  signature  pages  hereof (such lenders, together with their
respective successors and assigns, are referred to hereinafter each individually
as a "LENDER" and collectively as the "LENDERS"), Agent, and, on the other hand,
ENERGY  CORPORATION  OF  AMERICA, a West Virginia corporation ("BORROWER").  The
Pledging  Subsidiaries  hereby  consent  and  agree  to  the terms of the Second
Amendment  to  Amended  and Restated Credit Agreement and Consent dated June 10,
2005  (the  "AMENDMENT"), executed by Borrower, the Lenders and Agent, a copy of
which  is  attached hereto, and the undersigned agree that the Loan Documents to
which  they are a party shall remain in full force and effect and shall continue
to  be  the  legal, valid and binding obligation of the Pledging Subsidiaries in
enforceable  against  the  Pledging Subsidiaries in accordance with their terms.
Furthermore,  each  Pledging  Subsidiary hereby agrees and acknowledges that (a)
none  of  the  Loan  Documents  to which it is a party is subject to any claims,
defenses  or  offsets, (b) nothing contained in this Amendment or any other Loan
Document  shall  adversely  affect any right or remedy of Agent under the any of
the Loan Documents to which it is a party, (c) the execution and delivery of the
Amendment  shall  in  no  way  reduce,  impair  or  discharge  any indebtedness,
liability  or  obligation  of the undersigned under any of the Loan Documents to
which it is a party and shall not constitute a waiver by Agent of any of Agent's
rights  against  the  undersigned, (d) by virtue hereof and by virtue of each of
Loan Documents to which it is a party, each Pledging Subsidiary ratifies in full
all  of  its indebtedness, liabilities and obligations arising under each of the
Loan Documents to which it is a party, (e) the Pledging Subsidiaries' consent is
not  required  to  the effectiveness of the Amendment, and (f) no consent by the
Pledging Subsidiaries is required for the effectiveness of any future amendment,
modification,  forbearance  or other action with respect to the Credit Agreement
or  any  present  or  future  Loan  Document.

EASTERN  AMERICAN                            ALLEGHENY  &  WESTERN  ENERGY
ENERGY  CORPORATION,                         CORPORATION,
a  West  Virginia  Corporation               a  West  Virginia  Corporation

By:  /s/  Donald  C.  Supcoe                 By:  /s/  Donald  C.  Supcoe
   --------------------------------             --------------------------------
Name:   Donald  C.  Supcoe                   Name:   Donald  C.  Supcoe
     ------------------------------               ------------------------------
Title:  President                            Title:  Vice  President
      -----------------------------                -----------------------------

<PAGE>
                                   EXHIBIT "A"

                                  NOTICE LETTER

                         [executed copy to be attached]

<PAGE>
                                   EXHIBIT "B"

                          LIST OF ADDITIONAL MORTGAGES

                                 [see attached]

<PAGE>
<TABLE>
<CAPTION>
                ECA EASTERN WELLS NOT CURRENTLY MORTGAGED BY FOOTHILL
                        GAS PRICE OF $4.50/MMBTU ($5.225/MCF)

                                         NET
                                       RESERVES   INTERNAL
     PROP ID   WELL NAME                 MMCF       PV-10
                                       --------  -----------
<S>  <C>       <C>                     <C>       <C>
  1  20030920  MCCLUNG #1               135.670  $   514,396
  2  20040010  PK-413                   218.275      422,333
  3  20040020  PK-423                   148.507      333,464
  4  20040030  CK #39                   100.184      221,390
  5  20040040  PK-421                   144.604      281,606
  6  20040050  CM #E05                  327.251      615,186
  7  20040060  CK #41                   152.760      283,574
  8  20040070  CK #43                   132.748      276,226
  9  20040080  YAWKEY #21                86.456      142,116
 10  20040090  YAWKEY #38               167.307      284,264
 11  20040100  YAWKEY #39               167.307      284,264
 12  20040110  K R MAHAFFEY #3          121.384      291,873
 13  20040120  FENCHAK #4                51.555      117,543
 14  20040130  HUTTON #4                123.086      292,514
 15  20040150  CREE #2                  473.985    1,046,805
 16  20040170  JACKSON GASHIE UNIT #1   111.940      234,521
 17  20040190  CK #58                    76.405      162,159
 18  20040210  CK #75                    88.840      189,464
 19  20040230  CK #44                   282.017      528,245
 20  20040240  YAWKEY #34               184.900      316,647
 21  20040250  YAWKEY #19               176.837      302,355
 22  20040260  YAWKEY #25               255.435      441,701
 23  20040270  YAWKEY #26                89.312      152,764
 24  20040280  YAWKEY #40               471.571      824,891
 25  20040290  GRIBBLE #1A              360.145      792,997
 26  20040300  CREE #3                   83.959      173,715
 27  20040310  YAWKEY #35               727.004    1,277,733
 28  20040330  YAWKEY #31                99.080      180,589
 29  20040340  FULLER-GRIBBLE #1        356.242      798,358
 30  20040350  GASHIE #2                316.024      676,530
 31  20040380  JACKSON #1               319.997      690,951
 32  20040390  GASHIE #1                216.651      461,237
 33  20040410  YAWKEY #46               100.115      166,345
 34  20040420  YAWKEY #49               392.975      685,545
 35  20040430  EQUITABLE/HOLLAND 3      187.691      338,857
 36  20040440  EQUITBALE/HOLLAND 4      218.973      398,010
 37  20040450  GREENBRIER WORKMAN #1    191.077      358,670
 38  20040490  GREENBRIER WORKMAN #2    150.134      279,414
 39  20040500  EQUITABLE/HOLLAND 5      375.385      693,841
 40  20040510  RIDGEWAY #2               32.617       59,943
 41  20040550  ATR #72                   75.004      151,228
 42  20040560  GORMAN #3                 77.820      158,779
 43  20040930  CK #86                   235.015      439,282
 44  20040950  YAWKEY #28               294.732      511,363
 45  20040960  YAWKEY #11               275.084      476,540
 46  20040980  YAWKEY #30               235.785      406,863
 47  20040990  YAWKEY #33                58.943       93,347
                                       --------  -----------
               TOTAL                      9,669  $18,830,438
                                       ========  ===========
</TABLE><PAGE>

                                                                     EXHIBIT 4.1

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED,
SOLD, PLEDGED, OR OTHERWISE TRANSFERRED OR DISPOSED OF UNLESS AND UNTIL THIS
NOTE IS REGISTERED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS
OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

                                 PROMISSORY NOTE

$2,392,000                                                         April 6, 2005

         FOR VALUE RECEIVED, the undersigned, New Visual Corporation, a Utah
corporation (the "Maker"), promises to pay to the order of Zaiq Technologies,
Inc., a Delaware corporation (the "Payee"), the principal sum of Two Million
Three Hundred Ninety Two Thousand Dollars ($2,392,000) (subject to adjustment as
provided in Section 3 below, the "Principal Amount"), plus interest thereon from
the date hereof until paid on the terms and conditions set forth herein. This
Promissory Note is being issued pursuant to the Exchange Agreement dated as of
April __, 2005 (the "Exchange Agreement") by and between the Maker and the
Payee.

           1. PAYMENTS. Subject to the other provisions of this Promissory Note,
the outstanding Principal Amount of this Promissory Note, and all interest
accrued thereon, shall become due and payable in full on the second anniversary
of the closing of the Exchange. The balance of the principal amount of the
Promissory Note (after giving effect to the reductions in principal described
below, if any) is payable in four equal quarterly installments beginning on the
first anniversary of the closing of the Exchange.

           2. INTEREST. Interest on the outstanding Principal Amount of the
Promissory Note shall accrue at the per annum rate of 7.0% compounded quarterly.

           3. REDUCTION OF PRINCIPAL. Unless an Event of Default (as defined
below) has occurred and is continuing, the principal amount of the Promissory
Note shall decrease by $797,333.33 on each of the six-month and twelve-month
anniversaries of the closing of the Exchange.

           4. PREPAYMENTS.
           (a) OPTIONAL PREPAYMENT: The Maker shall have the right to prepay the
outstanding Principal Amount and any accrued interest thereon in whole or in
part without penalty or premium at any time. (b) MANDATORY PREPAYMENT: The Maker
shall, upon the consummation of any New Financing (as defined below), pay (i)
10% of the gross proceeds of each New Financing consummated within 90 days of
the date hereof and (ii) 20% of the gross proceeds of each New Financing
consummated within 365 days of the date hereof, in each case to the Payee in
prepayment of the amount outstanding under this Promissory Note. For purposes of
this Section 4(b), the term "New Financing" shall mean any issuance by the Maker
of any equity, debt (including obligations for borrowed money) or other
securities (other than the issuance of Common Stock upon the exercise of any
option, warrant or other right to purchase Common Stock outstanding as of the
date hereof which has at least a nominal strike price, exercise price,
conversion price or similar mechanism). Notwithstanding the foregoing, in
connection with any New Financing which is a "bridge loan" to a subsequent
financing, the Maker shall not be obligated to make a mandatory prepayment
pursuant to this Section 4(b) until the closing of the subsequent financing;
PROVIDED, HOWEVER, that at the closing of such bridge loan, the Maker shall
deposit an amount in escrow that would otherwise be payable to the Payee if such
bridge loan were considered a New Financing, such escrowed funds to be held by a
third party mutually selected by the Maker and the Payee for the benefit of the
Payee for a period not to exceed three (3) months, at which time such funds are
to be released to the Payee in satisfaction of the Maker's obligation to prepay
a portion of the balance of the Promissory Note in connection with such
financing.

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<PAGE>

           (c) APPLICATION OF ANY PREPAYMENTS. Any prepayment amount shall be
applied first to any accrued but unpaid interest on the outstanding Principal
Amount and then to the Principal Amount.

           5. EVENTS OF DEFAULT.

           (a) Each of the following shall constitute an "Event of Default":

                  i. The Maker shall default in the payment of principal or
interest on this Promissory Note or any other amount due hereunder, and, in any
such instance, the same shall continue for a period of five (5) business days;
or

                  ii. Any of the representations or warranties made by the Maker
herein, in the Exchange Agreement or any other agreement, instrument,
certificate or financial or other written statement heretofore or hereafter
furnished by the Maker in connection with the execution and delivery of this
Promissory Note and/or the Exchange Agreement shall be false or misleading in
any material respect at the time made; or

                  iii. The Maker shall fail to perform or observe, in any
material respect, any covenant, term, provision, condition, agreement or
obligation of the Maker under this Promissory Note (other than those referred to
in clause (i) above) and such failure shall continue uncured for a period of
thirty (30) days after written notice from the Holder of such failure; or

                  iv. The Maker shall fail to perform or observe, in any
material respect, any covenant, term, provision, condition, agreement or
obligation of the Maker set forth in Section 6 of the Exchange Agreement and, to
the extent such failure is curable or capable of being cured, such failure shall
continue uncured for a period of five (5) days after written notice from the
Holder of such failure; or

                  v. The Maker shall fail to perform or observe, in any material
respect, any covenant, term, provision, condition, agreement or obligation of
the Maker under the Exchange Agreement (other than those referred to in clause
(iv) above) and such failure shall continue uncured for a period of thirty (30)
days after written notice from the Holder of such failure; or

                  vi. The Maker shall (1) admit in writing its inability to pay
its debts generally as they mature; (2) make an assignment for the benefit of
creditors or commence proceedings for its dissolution; or (3) apply for or
consent to the appointment of a trustee, liquidator or receiver for its or for a
substantial part of its property or business; or

                  vii. A trustee, liquidator or receiver shall be appointed for
the Maker or for a substantial part of its property or business without its
consent and shall not be discharged within sixty (60) days after such
appointment; or

                  viii. Any governmental agency or any court of competent
jurisdiction at the instance of any governmental agency shall assume custody or
control of the whole or any substantial portion of the properties or assets of
the Maker and shall not be dismissed within sixty (60) days thereafter; or

                  ix. Any money judgment, writ or warrant of attachment, or
similar process in excess of Five Hundred Thousand ($500,000) Dollars in the
aggregate shall be entered or filed against the Maker or any of its properties
or other assets and shall remain unpaid, unvacated, unbonded or unstayed for a
period of sixty (60) days or in any event later than five (5) days prior to the
date of any proposed sale thereunder; or

                                       2
<PAGE>

                  x. Bankruptcy, reorganization, insolvency or liquidation
proceedings or other proceedings for relief under any bankruptcy law or any law
for the relief of debtors shall be instituted by or against the Maker and, if
instituted against the Maker, shall not be dismissed within sixty (60) days
after such institution or the Maker shall by any action or answer approve of,
consent to, or acquiesce in any such proceedings or admit the material
allegations of, or default in answering a petition filed in any such proceeding;
or

                  xi. The Maker shall have its Common Stock suspended from
trading on, or delisted from, the Principal Trading Market for in excess of ten
(10) Trading Days; or

                  xii. There shall occur a sale, merger or similar transaction
or series of related transactions in which the holders of the outstanding voting
equity securities of the Maker immediately prior to such transaction or series
of related transactions own less than a majority of the outstanding voting
equity securities of the Maker (or the successor entity) upon the closing of
such transaction or series of related transactions, or

                  xiii. The Maker and/or any of its subsidiaries shall sell all
or substantially all of its assets.

         (b) If an Event of Default shall have occurred and is continuing, then,
or at any time thereafter, and in each and every such case, unless such Event of
Default shall have been cured (to the extent the same is capable of being cured)
or waived in writing by the Holder (which waiver shall not be deemed to be a
waiver of any subsequent default), at the option of the Holder and in the
Holder's sole discretion, this Promissory Note shall be immediately due and
payable in full, without presentment, demand, protest or notice of any kinds,
all of which are hereby expressly waived, anything herein or in any note or
other instruments contained to the contrary notwithstanding, and the Holder may
immediately enforce any and all of the Holder's rights and remedies provided
herein or any other rights or remedies afforded by law, including, but not
necessarily limited to, the equitable remedy of specific performance and
injunctive relief. In furtherance of the foregoing and not in limitation
thereof, the Holder will be entitled to receive payment in cash in full of the
outstanding principal and accrued interest on this Promissory Note upon such
Event of Default.

         6. NO IMPAIRMENT. Maker will not, by amendment of its certificate or
articles of incorporation, contract or agreement, or through any reorganization,
transfer of assets, merger, dissolution, issuance or sale of securities or any
other voluntary action or inaction, intentionally avoid or seek to avoid the
observance or performance of any of the material terms to be observed or
performed hereunder by Maker but will at all times in good faith assist in the
carrying out of all the provisions of this Promissory Note.

         7. WAIVERS. The Maker hereby waives presentment for payment, demand,
protest and notice of dishonor.

         8. CUMULATIVE RIGHTS. No delay on the part of the holder of this
Promissory Note in the exercise of any power or right under this Promissory
Note, or under any document or instrument executed in connection herewith
(including the Exchange Agreement), shall operate as a waiver thereof, nor shall
a single or partial exercise of any other power or right, nor shall any delay,
omission or waiver on one occasion be deemed a bar to or waiver of the same or
any other right on future occasions.

         9. ATTORNEYS' FEES AND COSTS. In the event that this Promissory Note is
placed in the hands of attorneys for collection, or in the event this Promissory
Note is collected in whole or in part through legal proceedings of any nature,
then and in any such case Maker promises to pay all costs of collection,
including, but not limited to, reasonable attorneys' fees, incurred by the
holder hereof on account of such collection.

         10. NO ORAL AGREEMENTS. THIS PROMISSORY NOTE (ALONG WITH THE OTHER
DOCUMENTS AND INSTRUMENTS EXECUTED AND DELIVERED IN CONNECTION HEREWITH
(INCLUDING THE EXCHANGE AGREEMENT) REPRESENTS THE FINAL AGREEMENT BETWEEN THE
PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES.

                                       3
<PAGE>

         11. GOVERNING LAW. This Promissory Note shall be governed by and
construed in accordance with the laws of the State of California.

         12. SEVERABILITY. If any provision of this Promissory Note shall be
held to be unenforceable by a court of competent jurisdiction, such provisions
shall be severed from this Promissory Note and the remainder of this Promissory
Note shall continue in full force and effect.

         13. ASSIGNMENT. This Promissory Note, or any portion hereof, may be
assigned by Payee without the consent of Maker. Any such assignment by Payee
shall be in compliance with the Securities Act and applicable state securities
laws. This Promissory Note may not be assigned by the Maker. The terms and
conditions of this Promissory Note shall inure to the benefit of and be binding
upon the respective successors and assigns of the parties.

         14. LIMITATION ON INTEREST. The Payee acknowledges and shall cause any
subsequent transferee of this Promissory Note to acknowledge that the
obligations hereunder may be in excess of the maximum interest rate permitted to
be charged by applicable law. Payee and/or such subsequent holder of this
Promissory Note expressly assumes any risks associated therewith, including,
without limitation, the risk that an attempt to collect all amounts owing under
this Promissory Note may be unenforceable and set aside, in whole or in part, by
a court.

                                       4
<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this Note to be executed
as of the date first written above.

                                    NEW VISUAL CORPORATION

                                    By: /s/ Brad Ketch
                                        ----------------------------------------
                                    Name: Brad Ketch
                                    Title: Chief Executive Officer and President

                                       5

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