Document:

Walker Financial Corporation
                               6% Promissory Note

Dated: August 5, 2004      Principal Amount: $125,000.00
Garden City, New York

     For Value Received, the undersigned, Walker Financial Corporation (together
with its successors and assigns, "Walker"), a Delaware corporation, hereby
promises to pay to Cindy Dolgin, an individual residing in the State of New York
("Lender"), the principal sum of One Hundred Twenty Five Thousand Dollars
($125,000.00), together with interest as set forth below.

1. Interest Rate. Until an event of Default shall have occurred, the
principal amount evidenced by this Note shall bear interest at the rate of 6%
per annum, computed on the basis of a 360-day year for the actual number of days
elapsed (the "Applicable Interest Rate"). Upon the occurrence of an event of
Default, the outstanding principal amount and any accrued but unpaid interest
thereon shall bear interest until paid at the Applicable Interest Rate plus an
additional 2% per annum (the "Default Interest Rate").

2.       Payment Date; Payment Method; Prepayment.

     (a) Payment Dates. Payment of all accrued and unpaid interest due under
this Note shall be payable at the maturity of the loan which will be 60 days
after the effectiveness of Walker's Registration Statement or 150 days whichever
is shorter (hereinafter the "Maturity Date"). Upon payment in full of the
principal evidenced by this Note (and any accrued but unpaid interest thereon),
Lender shall mark this Note "CANCELLED" and return this Note as so marked to
Walker within five days after such payment in full is confirmed.

     (b) Payment Method. Payment of the principal evidenced by this Note (and
any accrued but unpaid interest thereon) shall be made by check or wire transfer
of immediately available funds to an account designated by Lender.

     (c) Voluntary Prepayment. Walker may pay, without penalty or premium, the
principal amount evidenced by this Note (and any accrued but unpaid interest
thereon), in whole or part, at any time up to the Maturity Date upon no less
than five day's prior notice to Lender. Any partial prepayment shall first be
applied against any accrued and unpaid interest due under this Note and then to
the principal amount evidenced by this Note. In the event of a voluntary
prepayment being less than the full amount outstanding under this Note
(including any accrued but unpaid interest), upon surrender of this Note in
connection with said partial prepayment, Walker shall deliver to Lender a new
note substantially in the form of this Note and evidencing as principal any
amount not so prepaid.

3.       Default; Acceleration.

     (a) Any of the following shall constitute an event of Default under this
Note:

     (i) the failure by Walker to pay any amounts required to be paid under this
Note on or before the date on which such payment was due;

     (ii) the breach or noncompliance by Walker of any of its representations,
warranties or covenants contained in the Loan Agreement;

     (iii) Walker shall
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     (A) apply for or consent to the appointment of a receiver or trustee of
Walker's assets;

     (B) make a general assignment for the benefit of creditors;

     (C) file a petition or other request no matter how denominated ("Petition")
seeking relief under Title 11 of the United States Code or under any other
federal or state bankruptcy, reorganization, insolvency, readjustment of debt,
dissolution or liquidation law or statute ("Bankruptcy Statute"); or

     (D) file an answer admitting the material allegations of a Petition filed
against it in any proceeding under any Bankruptcy Statute;

     (iv) there shall have entered against Walker an order for relief under any
Bankruptcy Statute; or

     (v) a Petition seeking an order for relief under any Bankruptcy Statute is
filed by any one other than Walker and without Walker's consent or agreement
which is not dismissed or stayed within 60 days after the date of such filing,
or such Petition is not dismissed upon the expiration of any stay thereof.

     (b) Upon the occurrence of an event of Default, the unpaid principal amount
evidenced by this Note (and any accrued but unpaid interest thereon) shall be
immediately due and payable.

     (c) Until the occurrence of an event of Default, the principal amount
evidenced by this Note shall bear interest at the Applicable Interest Rate and
upon an event of Default, any unpaid principal amount and any accrued but unpaid
interest thereon under this Note shall bear interest until paid at the Default
Interest Rate.

4. Enforcement. All disputes regarding the enforcement or construction of
this Note shall be resolved in accordance with the Loan Agreement and may not be
resolved independently of the enforcement or construction of the Loan Agreement
which has been made a part hereof.

5. Assignment.. This Note is not assignable by Walker, and any purported
assignment of this Note shall be null and void and of no effect.

6. Governing Law. This Note and all rights and obligations hereunder shall
be governed by and construed in accordance with the laws of the State of New
York applicable to agreements made and be performed wholly within such State,
without regard to such State's conflicts of laws principles.

7. Notices. All requests, demands, notices and other communications
required or otherwise given under this Agreement shall be sufficiently given if
(a) delivered by hand against written receipt therefor, (b) forwarded by
overnight courier requiring acknowledgment of receipt or (c) mailed by postage
prepaid, registered or certified mail, return receipt requested, addressed as
follows:

         If to Walker, to:                  Mitchell Segal, President
                                            Walker Financial Corporation
                                            990 Stewart Avenue
                                            Suite 60A
                                            Garden City, New York 11530

                                       2
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         If to Lender, to:                  Mrs. Cindy Dolgin
                                            3 Jordan Drive
                                            Great Neck, N.Y. 11021

or, in the case of any of the parties hereto, at such other address as such
party shall have furnished in writing, in accordance with this Section 8, to the
other parties hereto. Each such request, demand, notice or other communication
shall be deemed given (a) on the date of delivery by hand, (b) on the first
business day following the date of delivery to an overnight courier or (c) three
business days following mailing by registered or certified mail.

     IN WITNESS WHEREOF, the parties have executed or caused to be executed this
Note as of the date first above written.

                                     Walker Financial Corporation

                                     By:    /s/ Mitchell Segal
                                            -------------------------
                                            Mitchell Segal, President

                                       3NEITHER THE WARRANTS REPRESENTED BY THIS WARRANT CERTIFICATE NOR THE SHARES
OF COMMON STOCK OR ANY OTHER SECURITIES ISSUABLE UPON EXERCISE OF SUCH WARRANTS
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. SUCH WARRANTS
HAVE BEEN ACQUIRED, AND ANY SHARES OF COMMON STOCK OR ANY OTHER SECURITIES
ISSUABLE UPON EXERCISE OF SUCH WARRANTS ARE REQUIRED TO BE ACQUIRED, FOR
INVESTMENT PURPOSES AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT
BE SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED WITHOUT AN
EFFECTIVE REGISTRATION STATEMENT FOR SUCH WARRANTS AND/OR SUCH SHARES OR OTHER
SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE
SECURITIES LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF SUCH
WARRANTS AND SUCH SHARES OR OTHER SECURITIES TO THE EFFECT THAT REGISTRATION IS
NOT REQUIRED UNDER SUCH ACT AND SUCH STATE SECURITIES LAWS.

                     VOID AFTER 5:00 P.M. ON August 4, 2007

                          Walker Financial Corporation
                               Warrant Certificate

                     105,000 Common Stock Purchase Warrants

                                                           Garden City, New York
Warrant Certificate No. 2004A-02    August 5, 2004

     THIS IS TO CERTIFY THAT, for value received, Cindy Dolgin ("Warrantholder")
is the registered owner of the number of Common Stock Purchase Warrants (each, a
"Warrant") set forth above, each Warrant entitling the owner thereof to purchase
from Walker Financial Corporation, a Delaware corporation (the "Company"), one
duly authorized, validly issued, fully paid and non-assessable share (each, a
"Warrant Share") of the common stock, par value $.10 per share ("Common Stock"),
of the Company, at a purchase price of $0.45 per Warrant Share (the "Purchase
Price"), at any time on or after August 5, 2004 (the "Commencement Date") and
terminating at 5:00 p.m., New York City time, on August 4, 2007 (the "Expiration
Date"), all subject to the terms and conditions contained in this Warrant
Certificate. The number of Warrants evidenced by this Warrant Certificate (and
the number and kind of securities which may be purchased upon exercise hereof)
set forth above, and the Purchase Price per share set forth above, are as of the
date hereof. As provided herein, the Purchase Price and the number of shares of
Common Stock or other securities which may be purchased upon the exercise of the
Warrants evidenced by this Warrant Certificate are, upon the happening of
certain events, subject to modification and adjustment.

     This Warrant Certificate, together with any warrant certificate(s) issued
in replacement or substitution hereof (as provided for in this Warrant
Certificate) evidencing all or part of the Warrants evidenced hereby, are
sometimes collectively referred to herein as the "Warrant Certificates."

     The rights of the registered holder of this Warrant Certificate shall be
subject to the following further terms and conditions:

1.       Exercise of Warrants.

     (a) The Warrants may be exercised, in whole or in part, at any time and
from time to time, during the period commencing on the Commencement Date and
terminating at the Expiration Date by surrendering this Warrant Certificate,
with the purchase form provided for herein duly executed by the Warrantholder or
by the Warrantholder's duly authorized attorney-in-fact, at the principal office
of the Company, presently located at 990 Stewart Avenue, Suite 60A, Garden City,
New York 11530, or at such other office or agency in the United States as the
Company may designate by notice in writing to the Warrantholder (in either
event, the "Company Offices") accompanied by payment in full, either in the form
of cash, bank cashier's check or certified check payable to the order of the
Company, of the Purchase Price payable in respect of the Warrants being
exercised or said Purchase Price may be payable by Warrantholder to the Company
within five (5) days upon the sale of the stock underlying each warrant that is
exercised ("Cashless Exercise"). If fewer than all of the Warrants are
exercised, the Company shall, upon each exercise prior to the Expiration Date,
execute and deliver to the Warrantholder a new Warrant Certificate (dated as of
the date hereof) evidencing the balance of the Warrants that remain exercisable.

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     (b) On the day immediately following the date of a valid exercise of any
Warrants, the Warrantholder exercising same shall be deemed to have become the
holder of record for all purposes of the Warrant Shares to which such valid
exercise relates.

     (c) As soon as practicable, but not in excess of ten days, after the
exercise of all or part of the Warrants evidenced by this Warrant Certificate,
the Company, at its expense (including the payment by it of any applicable issue
taxes), will cause to be issued in the name of and delivered to the
Warrantholder a certificate or certificates evidencing the number of duly
authorized, validly issued, fully paid and non-assessable Warrant Shares to
which the Warrantholder shall be entitled upon such exercise.

     (d) No certificates for fractional Warrant Shares shall be issued upon the
exercise of any of the Warrants but, in lieu thereof, the Company shall, upon
exercise of all the Warrants, round up any fractional Warrant Share to the
nearest whole share of Common Stock.

2.       Issuance of Common Stock; Reservation of Shares.  The Company covenants
and agrees that:

     (a) all Warrant Shares which may be issued upon the exercise of all or part
of the Warrants will, upon issuance in accordance with the terms hereof, be
validly issued, fully paid and non-assessable and free from all taxes, liens and
charges with respect to the issue thereof;

     (b) at all times prior to the Expiration Time, the Company shall keep
reserved for issuance a sufficient number of authorized shares of Common Stock
to permit the exercise in full of the Warrants evidenced by this Warrant
Certificate.

3. Adjustments of Purchase Price, Number and Character of Warrant Shares,
and Number of Warrants. The Purchase Price the number and kind of securities
purchasable upon the exercise of each Warrant shall be subject to adjustment
from time to time upon the happening of the events enumerated in this Section 3.

     (a) Stock Dividends, Subdivisions and Combinations. In case the Company
shall at any time on or before the Expiration Time:

     (i) pay a dividend in shares of Common Stock or make a distribution in
shares of Common Stock or such other stock to holders of all its outstanding
shares of Common Stock;

     (ii) subdivide or reclassify the outstanding shares of Common Stock into a
greater number of shares;

     (iii) combine the outstanding shares of Common Stock into a smaller number
of shares of Common Stock; or

     (iv) issue by reclassification of its shares of Common Stock other
securities of the Company (including any such reclassification in connection
with a consolidation or merger in which the Company is the continuing
corporation);

then the number and kind of Warrant Shares purchasable upon exercise of
each Warrant outstanding immediately prior thereto shall be adjusted so that the
Warrantholder shall be entitled to receive the kind and number of shares of
Common Stock or other securities of the Company which the Warrantholder would
have owned or have been entitled to receive after the happening of any of the
events described above had such Warrant been exercised in full immediately prior
to the earlier of the happening of such event or any record date in respect
thereto. In the event of any adjustment of the number of Warrant Shares
purchasable upon the exercise of each then outstanding Warrants pursuant to this
Paragraph 3(a), the Purchase Price shall be adjusted to be the amount resulting
from dividing the number of shares of Common Stock (including fractional shares
of Common Stock) covered by such Warrant immediately after such adjustment into
the total amount payable upon exercise of such Warrant in full immediately prior
to such adjustment. An adjustment made pursuant to this Paragraph 3(a) shall
become effective immediately after the effective date of such event retroactive
to the record date for any such event. Such adjustment shall be made
successively whenever any event listed above shall occur.

                                       2
<PAGE>

     (b) Capital Reorganizations and Other Reclassifications. In case of any
capital reorganization of the Company, or of any reclassification of the shares
of Common Stock (other than a reclassification, subdivision or combination of
shares of Common Stock referred to in Paragraph 3(a)), or in case of the
consolidation of the Company with, or the merger of the Company with, or merger
of the Company into, any other corporation (other than a reclassification of the
shares of Common Stock referred to in Paragraph 3(a) or a consolidation or
merger which does not result in any reclassification or change of the
outstanding shares of Common Stock) or of the sale of the properties and assets
of the Company as, or substantially as, an entirety to any other corporation or
entity, each Warrant shall, after such capital reorganization, reclassification
of shares of Common Stock, consolidation, merger, or sale, be exercisable, upon
the terms and conditions specified in this Warrant Certificate, for the kind,
amount and number of shares or other securities, assets, or cash to which a
holder of the number of shares of Common Stock purchasable (at the time of such
capital reorganization, reclassification of shares of Common Stock,
consolidation, merger or sale) upon exercise of such Warrant would have been
entitled to receive upon such capital reorganization, reclassification of shares
of Common Stock, consolidation, merger, or sale; and in any such case, if
necessary, the provisions set forth in this Section 3 with respect to the rights
and interests thereafter of the Warrantholder shall be appropriately adjusted so
as to be applicable, as nearly equivalent as possible, to any shares or other
securities, assets, or cash thereafter deliverable on the exercise of the
Warrants. The Company shall not effect any such consolidation, merger, or sale,
unless prior to or simultaneously with the consummation thereof the successor
corporation or entity (if other than the Company) resulting from such
consolidation or merger or the corporation or entity purchasing such assets or
other appropriate corporation or entity shall assume, by written instrument, the
obligation to deliver to the Warrantholder such shares, securities, assets, or
cash as, in accordance with the foregoing provisions, such holders may be
entitled to purchase and the other obligations hereunder. The subdivision or
combination of shares of Common Stock at any time outstanding into a greater or
lesser number of shares shall not be deemed to be a reclassification of the
shares of Common Stock for purposes of this Paragraph 3(e).

4. Definition of Common Stock. The Common Stock issuable upon exercise of
the Warrants shall be the Common Stock as constituted on the date hereof except
as otherwise provided in Section 3.

5. Replacement of Securities. If this Warrant Certificate shall be lost,
stolen, mutilated or destroyed, the Company shall, on such terms as to indemnity
or otherwise as the Company may in its discretion reasonably impose, issue a new
certificate of like tenor or date representing in the aggregate the right to
subscribe for and purchase the number of shares of Common Stock which may be
subscribed for and purchased hereunder. Any such new certificate shall
constitute an original contractual obligation of the Company, whether or not the
allegedly lost, stolen, mutilated or destroyed Warrant Certificate shall be at
any time enforceable by anyone.

6. Registration. This Warrant Certificate, as well as all other warrant
certificates representing Warrants shall be numbered and shall be registered in
a register (the "Warrant Register") maintained at the Company Offices as they
are issued. The Warrant Register shall list the name, address and Social
Security or other Federal Identification Number, if any, of all Warrantholders.
The Company shall be entitled to treat the Warrantholder as set forth in the
Warrant Register as the owner in fact of the Warrants as set forth therein for
all purposes and shall not be bound to recognize any equitable or other claim to
or interest in such Warrants on the part of any other person, and shall not be
liable for any registration of transfer of Warrants that are registered or to be
registered in the name of a fiduciary or the nominee of a fiduciary unless made
with the actual knowledge that a fiduciary or nominee is committing a breach of
trust in requesting such registration of transfer, or with such knowledge of
such facts that its participation therein amounts to bad faith.

                                       3
<PAGE>

7. Transfer. NEITHER THE WARRANTS REPRESENTED BY THIS WARRANT CERTIFICATE
NOR THE SHARES OF COMMON STOCK OR ANY OTHER SECURITIES ISSUABLE UPON EXERCISE OF
SUCH WARRANTS HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
SUCH WARRANTS HAVE BEEN ACQUIRED, AND ANY SHARES OF COMMON STOCK OR ANY OTHER
SECURITIES ISSUABLE UPON EXERCISE OF SUCH WARRANTS ARE REQUIRED TO BE ACQUIRED,
FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY
NOT BE SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED WITHOUT AN
EFFECTIVE REGISTRATION STATEMENT FOR SUCH WARRANTS AND/OR SUCH SHARES OR OTHER
SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE
SECURITIES LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF SUCH
WARRANTS AND SUCH SHARES OR OTHER SECURITIES TO THE EFFECT THAT REGISTRATION IS
NOT REQUIRED UNDER SUCH ACT AND SUCH STATE SECURITIES LAWS.

8. Exchange of Warrant Certificates. This Warrant Certificate may be
exchanged for another certificate or certificates entitling the Warrantholder
thereof to purchase a like aggregate number of Warrant Shares as this Warrant
Certificate entitles such Warrantholder to purchase. A Warrantholder desiring to
so exchange this Warrant Certificate shall make such request in writing
delivered to the Company, and shall surrender this Warrant Certificate
therewith. Thereupon, the Company shall execute and deliver to the person
entitled thereto a new certificate or certificates, as the case may be, as so
requested.

9. Notices. All notices and other communications hereunder shall be in
writing and shall be deemed given when delivered in person, against written
receipt therefor, or two days after being sent, by registered or certified mail,
postage prepaid, return receipt requested, and, if to the Warrantholder, at such
address as is shown on the Warrant Register or as may otherwise may have been
furnished to the Company in writing in accordance with this Section 9 by the
Warrantholder and, if to the Company, at the Company Offices or such other
address as the Company shall give notice thereof to the Warrantholder in
accordance with this Section 9.

10.      Registration Rights.

     (a) Defined Terms. As used in this Section 10, terms defined elsewhere
herein shall have their assigned meanings and each of the following terms shall
have the following meanings (such definitions to be applicable to both the
plural and singular of the terms defined):

     (i) Registerable Securities. The term "Registerable Securities" shall mean
any of the Warrant Shares issuable upon exercise of any of the Warrants or any
shares of Common Stock or other securities received in connection with any stock
split, stock dividend, merger, reorganization, recapitalization,
reclassification or other distribution payable or issuable upon shares of Common
Stock. For the purposes of this Section 10, securities will cease to be
Registerable Securities when (A) a registration statement under the Securities
Act covering such Registerable Securities has been declared effective and (1)
such Registerable Securities have been disposed of pursuant to such effective
registration statement or (2) such registration statement has remained effective
for 270 consecutive days, (B) such Registerable Securities are distributed to
the public pursuant to the Securities Act or pursuant to an exemption from the
registration requirements of the Securities Act, including, without limitation,
Rules 144 and 144A promulgated under the Securities Act or (C) such Registerable
Securities have been otherwise transferred and the Company, in accordance with
applicable law and regulations, has delivered new certificates or other
evidences of ownership for such securities which are not subject to any stop
transfer order or other restriction on transfer.

     (ii) Rightsholders. The term "Rightsholders" shall include the
Warrantholder, all successors and assigns of the Warrantholders and all
transferees of Registerable Securities where such transfer affirmatively
includes the transfer and assignment of the rights of the
transferor-Warrantholder under this Warrant Certificate with respect to the
transferred Registerable Securities and such transferee agrees in writing to
assume all of the transferor-Warrantholder's agreements, obligations and
liabilities under this Section 10 with respect to the transferred Registerable
Securities.

                                       4
<PAGE>

     (iii) Interpretations of Terms. The words "hereof," "herein" and
"hereunder" and words of similar import when used in this Section 10 shall refer
to this Section 10 as a whole and not to any particular provision of this
Section 10, and subsection, paragraph, clause, schedule and exhibit references
are to this Section 10 unless otherwise specified.

     (b) Piggy-Back Registration..

     (i) If, at any time on or after the Commencement Date and until the
Expiration Date, the Company proposes to file a registration statement under the
Securities Act with respect to an offering by the Company or any other party of
any class of equity security similar to any Registerable Securities (other than
a registration statement on Form S-4 or S-8 or any successor form or a
registration statement filed solely in connection with an exchange offer, a
business combination transaction or an offering of securities solely to the
existing stockholders or employees of the Company), then the Company, on each
such occasion, shall give written notice (each, a "Company Piggy-Back Notice")
of such proposed filing to all of the Rightsholders owning Registerable
Securities at least fifteen days before the anticipated filing date of such
registration statement, and such Company Piggy-Back Notice also shall be
required to offer to such Rightsholders the opportunity to register such
aggregate number of Registerable Securities as each such Rightsholder may
request. Each such Rightsholder shall have the right, exercisable for the five
days immediately following the giving of a Company Piggy-Back Notice, to
request, by written notice (each, a "Holder Notice") to the Company, the
inclusion of all or any portion of the Registerable Securities of such
Rightsholders in such registration statement. The Company shall use reasonable
efforts to cause the managing underwriter(s) of a proposed underwritten offering
to permit the inclusion of the Registerable Securities which were the subject of
all Holder Notices in such underwritten offering on the same terms and
conditions as any similar securities of the Company included therein.
Notwithstanding anything to the contrary contained in this Subparagraph
10(b)(i), if the managing underwriter(s) of such underwritten offering or any
proposed underwritten offering delivers a written opinion to the Rightsholders
of Registerable Securities which were the subject of all Holder Notices that the
total amount and kind of securities which they, the Company and any other person
intend to include in such offering is such as to materially and adversely affect
the success of such offering, then the amount of securities to be offered for
the accounts of such Rightsholders and persons other than the Company shall be
eliminated or reduced pro rata (based on the amount of securities owned by such
Rightsholders and other persons which carry registration rights) to the extent
necessary to reduce the total amount of securities to be included in such
offering to the amount recommended by such managing underwriter(s) in the
managing underwriter's written opinion.

     (ii) Number of Piggy-Back Registrations; Expenses. The obligations of the
Company under this Paragraph 10(b) shall be unlimited with respect to each
Rightsholder. Subject to the provisions of Paragraph 10(d) hereof, the Company
will pay all Registration Expenses in connection with any registration of
Registerable Securities effected pursuant to this Paragraph 10(b), but the
Company shall not be responsible for the payment of any underwriter's discount,
commission or selling concession in connection therewith.

     (iii) Withdrawal or Suspension of Registration Statement. Notwithstanding
anything contained to the contrary in this Paragraph 10(b), the Company shall
have the absolute right, whether before or after the giving of a Company
Piggy-Back Notice or Holder Notice, to determine not to file a registration
statement to which the Rightsholders shall have the right to include their
Registerable Securities therein pursuant to this Paragraph 10(b), to withdraw
such registration statement or to delay or suspend pursuing the effectiveness of
such registration statement. In the event of such a determination after the
giving of a Company Piggy-Back Notice, the Company shall give notice of such
determination to all Rightsholders and, thereupon, (A) in the case of a
determination not to register or to withdraw such registration statement, the
Company shall be relieved of its obligation under this Paragraph 10(b) to
register any of the Registerable Securities in connection with such registration
and (B) in the case of a determination to delay the registration, the Company
shall be permitted to delay or suspend the registration of Registerable
Securities pursuant to this Paragraph 10(b) for the same period as the delay in
the registration of such other securities. No registration effected under this
Paragraph 10(b) shall relieve the Company of its obligation to effect any
registration upon demand otherwise granted to a Rightsholder under any other
agreement with the Company.

                                       5
<PAGE>

     (iv) Obligations of Rightsholders. In connection with any registration of
Registerable Securities of a Rightsholder pursuant to Paragraph 10(b) hereof:

     (A) The Company may require that each Rightsholder whose Registerable
Securities are included in such registration statement furnish to the Company
such information regarding the distribution of such Registerable Securities and
such Rightsholder as the Company may from time to time reasonably request in
writing.

     (c) Registration Expenses. All expenses incident to the performance of or
compliance with this Agreement by the Company, including, without limitation,
all registration and filing fees of the Commission, National Association of
Securities Dealers, Inc. and other agencies, fees and expenses of Compliance
with securities or blue sky laws (including reasonable fees and disbursements of
counsel in connection with blue sky qualifications of the Registerable
Securities), rating agency fees, printing expenses, messenger and delivery
expenses, internal expenses (including, without limitation, all salaries and
expenses of its officers and employees performing legal or accounting duties),
the fees and expenses incurred in connection with the listing, if any, of the
Registerable Securities on any securities exchange and fees and disbursements of
counsel for the Company and the Company's independent certified public
accountants (including the expenses of any special audit or "cold comfort"
letters required by or incidental to such performance), Securities Act or other
liability insurance (if the Company elects to obtain such insurance), the fees
and expenses of any special experts retained by the Company in connection with
such registration and the fees and expenses of any other person retained by the
Company (but not including any underwriting discounts or commissions
attributable to the sale of Registerable Securities or other out -of-pocket
expenses of the Rightsholders, or the agents who act on their behalf, unless
reimbursement is specifically approved by the Company) will be borne by the
Company. All such expenses are herein referred to as "Registration Expenses."

     (d) Indemnification: Contribution.

     (i) Indemnification by the Company. The Company agrees to indemnify and
hold harmless, to the full extent permitted by law, each Rightsholder, its
officers and directors and each person who controls such Rightsholder (within
the meaning of the Securities Act), if any, and any agent thereof against all
losses, claims, damages, liabilities and expenses incurred by such party
pursuant to any actual or threatened suit, action, proceeding or investigation
(including reasonable attorney's fees and expenses of investigation) arising out
of or based upon any untrue or alleged untrue statement of a material fact
contained in any registration statement, prospectus or preliminary prospectus or
any omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein (in the case of a
prospectus, in the light of the circumstances under which they were made) not
misleading, except insofar as the same arise out of or are based upon, any such
untrue statement or omission based upon information with respect to such
Rightsholder furnished in writing to the Company by such Rightsholder expressly
for use therein.

     (ii) Indemnification by Rightsholder. In connection with any registration
statement in which a Rightsholder is participating, each such Rightsholder will
be required to furnish to the Company in writing such information with respect
to such Rightsholder as the Company reasonably requests for use in connection
with any such registration statement or prospectus, and each Rightsholder agrees
to the extent it is such a holder of Registerable Securities included in such
registration statement, and each other such holder of Registerable Securities
included in such Registration Statement will be required to agree, to indemnify,
to the full extent permitted by law, the Company, the directors and officers of
the Company and each person who controls the Company (within the meaning of the
Securities Act) and any agent thereof, against any losses, claims, damages,
liabilities and expenses (including reasonable attorney's fees and expenses of
investigation incurred by such party pursuant to any actual or threatened suit,
action, proceeding or investigation arising out of or based upon any untrue or
alleged untrue statement of a material fact or any omission or alleged omission
of a material fact necessary, to make the statements therein (in the case of a
prospectus, in the light of the circumstances under which they are made) not
misleading, to the extent, but only to the extent, that such untrue statement or
omission is based upon information relating to such Rightsholder or other holder
furnished in writing to the Company expressly for use therein.

                                       6
<PAGE>

     (iii) Conduct of Indemnification Proceedings. Promptly after receipt by an
indemnified party under this Paragraph 10(e) of written notice of the
commencement of any action, proceeding, suit or investigation or threat thereof
made in writing for which such indemnified party may claim indemnification or
contribution pursuant to this Agreement, such indemnified party shall notify in
writing the indemnifying party of such commencement or threat; but the omission
so to notify the indemnifying party shall not relieve the indemnifying party
from any liability which the indemnifying party may have to any indemnified
party (A) hereunder, unless the indemnifying party is actually prejudiced
thereby, or (B) otherwise than under this Paragraph 10(e). In case any such
action, suit or proceeding shall be brought against any indemnified party, and
the indemnified party shall notify the indemnifying party of the commencement
thereof, the indemnifying party shall be entitled to participate therein and the
indemnifying party shall assume the defense thereof, with counsel reasonably
satisfactory to the indemnified party, and the obligation to pay all expenses
relating thereto. The indemnified party shall have the right to employ separate
counsel in any such action, suit or proceeding and to participate in the defense
thereof, but the fees and expenses of such counsel shall be at the expense of
such indemnified party unless (A) the indemnifying party has agreed to pay such
fees and expenses, (B) the indemnifying party shall have failed to assume the
defense of such action, suit or proceeding or to employ counsel reasonably
satisfactory to the indemnified party therein or to pay all expenses relating
thereto or (C) the named parties to any such action or proceeding (including any
impleaded parties) include both the indemnified party and the indemnifying party
and the indemnified party shall have been advised by counsel that there may be
one or more legal defenses available to the indemnified party which are
different from or additional to those available to the indemnifying party and
which may result in a conflict between the indemnifying party and such
indemnified party (in which case, if the indemnified party notifies the
indemnifying party in writing that the indemnified party elects to employ
separate counsel at the expense of the indemnifying party, the indemnifying
party shall not have the right to assume the defense of such action or
proceeding on behalf of the indemnified party; it being understood, however,
that the indemnifying party shall not, in connection with any one such action,
suit or proceeding or separate but substantially similar or related actions,
suits or proceedings in the same jurisdiction arising out of the same general
allegations or circumstances, be liable for the fees and expenses of more than
one separate firm of attorneys at any time for the indemnified party, which firm
shall be designated in writing by the indemnified party).

     (iv) Contribution. If the indemnification provided for in this Paragraph
10(e) from the indemnifying party is unavailable to an indemnified party
hereunder in respect of any losses, claims, damages, liabilities or expenses
referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party, shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, damages, liabilities or
expenses (A) in such proportion as is appropriate to reflect the relative
benefits received by the indemnifying party on the one hand and the indemnified
party on the other or (B) if the allocation provided by clause (A) above is not
permitted by applicable law, in such proportion as is appropriate to reflect not
only the relative benefits received by the indemnifying party on the one hand
and the indemnified party on the other but also the relative fault of the
indemnifying party and indemnified party, as well as any other relevant
equitable considerations. The relative fault of such indemnifying party and the
indemnified parties shall be determined by reference to, among other things,
whether any action in question, including any untrue or alleged untrue statement
of a material fact or omission or alleged omission to state a material fact, has
been made by, or relates to information supplied by, such indemnifying party or
indemnified parties, and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such action. The amount paid
or payable by a party as a result of the losses, claims, damages. liabilities
and expenses referred to above shall be deemed to include, subject to the
limitation set forth in Subparagraph 10(e)(v), any legal or other fees or
expenses reasonably incurred by such party in connection with any investigation
or proceeding.

                                       7
<PAGE>

     The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Subparagraph 10(e)(iv) were determined by pro rata
allocation or by any other method of allocation which does not take into account
the equitable considerations referred to in clauses (A) and (B) of the
immediately preceding paragraph. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.

     (v) Limitation. Anything to the contrary contained in this Paragraph 10(e)
or in Paragraph 10(f) notwithstanding, no holder of Registerable Securities
shall be liable for indemnification and contribution payments aggregating an
amount in excess of the maximum amount received by such holder in connection
with any sale of Registerable Securities as contemplated herein.

     (f) Participation in Underwritten Registration. No Rightsholder may
participate in any underwritten registration hereunder unless such Rightsholder
(i) agrees to sell such holder's securities on the basis provided in any
underwriting arrangements approved by the persons entitled hereunder to approve
such arrangements and to comply with Regulation M under the Exchange Act and
(ii) completes and executes all questionnaires, appropriate and limited powers
of attorney, escrow agreements, indemnities, underwriting agreements and other
documents reasonably required under the terms of such underwriting arrangement;
provided, that all such documents shall be consistent with the provisions of
Paragraph 10(d).

11.      Miscellaneous.

     This Warrant Certificate and any term hereof may be changed, waived,
discharged or terminated only by an instrument in writing signed by the party
against which enforcement of such change, waiver, discharge or termination is
sought. This certificate is deemed to have been delivered in the State of New
York and shall be construed and enforced in accordance with and governed by the
laws of such State. The headings in this Warrant Certificate are for purposes of
reference only, and shall not limit or otherwise affect any of the terms hereof.

11.      Expiration.

     Unless as hereinafter provided, the right to exercise these Warrants shall
expire at the Expiration Date.

Dated: August 5, 2004
                                   Walker Financial Corporation

                                   By:    /s/ Mitchell Segal
                                          -------------------------
                                          Mitchell Segal, President

                                       8
<PAGE>
                                  EXERCISE FORM

                                                     Dated:_______________, ____

TO: Walker Financial Corporation

     The undersigned hereby irrevocably elects to exercise the Warrants
evidenced by this Warrant Certificate, to the extent of purchasing
_________________ shares of Common Stock, and hereby makes payment of
_____________ in payment of the actual Purchase Price thereof.

                     INSTRUCTIONS FOR REGISTRATION OF STOCK

                 Name:
                      ----------------------------------------------------------
                             (Please type or print in block letters)
             Taxpayer
       Identification
               Number:
                      ----------------------------------------------------------

              Address:
                       ---------------------------------------------------------

                       ---------------------------------------------------------

                       ---------------------------------------------------------

            Signature:
                        --------------------------------------------------------
                        (Signature must conform in all respects to the name of
                            the Warrantholder as set forth on the face of this
                                     Warrant Certificate.)

                                       9
<PAGE>

                                 ASSIGNMENT FORM

                          FOR VALUE RECEIVED, _________________________________
                                         (Please type or print in block letters)
hereby sells, assigns and transfers unto:

                 Name:
                       ---------------------------------------------------------
                        (Please type or print in block letters)
             Taxpayer
       Identification
               Number:
                       ---------------------------------------------------------
              Address:
                       ---------------------------------------------------------

                       ---------------------------------------------------------

                       ---------------------------------------------------------

this Warrant Certificate and the Warrants represented by this Warrant
Certificate to the extent of ________________ Warrants and does hereby
irrevocably constitute and appoint ___________________________ Attorney-in-Fact,
to transfer the same on the books of the Company with full power of substitution
in the premises.

               Dated:
                     --------------------------------------

             Signature:
                        --------------------------------------------------------
                        (Signature must conform in all respects to the name of
                            the Warrantholder as set forth on the face of this
                                     Warrant Certificate.)

                                       10

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