Document:

EXHIBIT 4.3

                               GASCO ENERGY, INC.

                 SUBSCRIPTION AND REGISTRATION RIGHTS AGREEMENT

         This Subscription and Registration Rights Agreement (this "Agreement"),
made as of the date set forth below by and between Gasco Energy, Inc. (the
"Company") and the undersigned ("Subscriber"), is intended to set forth certain
representations, covenants and agreements between the Company and the
Subscriber, with respect to the offering (the "Offering") for sale by the
Company of shares of Series B Preferred Stock, par value $.001 per share (the
"Preferred Stock"), as described in the Company's Private Placement Memorandum
dated February 5, 2003 (the "Memorandum"), a copy of which has been delivered to
Subscriber.

1.       Subscription. Subject to the terms and conditions hereof, the
         Subscriber hereby irrevocably subscribes for and agrees to purchase
         from the Company the number of shares of Preferred Stock (the "Shares")
         set forth under the Subscriber's name on the signature page hereto at a
         purchase price of $440.00 per share (the "Offering Price"), and the
         Company agrees to sell such Shares to the Subscriber at the Offering
         Price, subject to the Company's right to sell to the Subscriber such
         lesser number of Shares as the Company may, in its sole discretion,
         deem necessary or desirable.

2.       Delivery of Subscription Amount; Acceptance of Subscription; Delivery
         of Shares. Subscriber understands and agrees that this subscription is
         made subject to the following terms and conditions:

(a)      Subscriber understands that separate subscription agreements will be
         executed with other Subscribers for the remainder of the Shares to be
         sold in the Offering;

(b)      Contemporaneously with the execution and delivery of this Agreement,
         Subscriber shall execute and deliver the Certificate of Accredited
         Investor Status, and shall wire to the Company to hold in a separate,
         non-interest bearing account, immediately available funds in the amount
         equal to the Offering Price multiplied by the number of Shares for
         which the Subscriber has subscribed (the "Subscription Amount") in
         accordance with the instructions set forth on Exhibit A hereto.

(c)      The subscription for Shares shall be deemed to be accepted only when
         this Agreement has been signed by an authorized officer of the Company,
         and the deposit of the Subscription Amount for clearance will not be
         deemed an acceptance of this Agreement;

(d)      The Company shall have the right to reject this subscription, in whole
         or in part and shall have the right to allocate Shares among
         Subscribers in any manner it may desire;

(e)      The payment of the Subscription Amount (or, in the case of rejection of
         a portion of the Subscriber's subscription, the part of the payment
         relating to such rejected portion) will be returned promptly, without
         interest, if Subscriber's subscription is rejected in whole or in part
         or if the Offering is withdrawn or canceled;

                                       1
<PAGE>

(f)      Certificates representing the Shares purchased will be issued in the
         name of each Subscriber within 5 days of the consummation of the
         Offering as set forth under Section 3 hereof; and

(g)      The representations and warranties of the Company and Subscriber set
         forth herein shall be true and correct as of the date that the Company
         accepts this subscription.

3.       Terms of Subscription.

(a)      The subscription period will begin as of February 5, 2003 and will
         terminate at 11:59 p.m. Eastern time on February 10, 2003, unless
         extended by the Company, on one or more occasions, for up to an
         additional sixty (60) days (the "Termination Date"). Such extension may
         be effected without notice to the Subscribers.

(b)      If the Subscriber is not a United States person, the Subscriber hereby
         represents that it has satisfied itself as to the full observance of
         the laws of its jurisdiction in connection with any invitation to
         subscribe for the Shares or any use of this Agreement, including (i)
         the legal requirements within its jurisdiction for the purchase of the
         Shares, (ii) any foreign exchange restrictions applicable to such
         purchase, (iii) any governmental or other consents that may need to be
         obtained, and (iv) the income tax and other tax consequences, if any,
         that may be relevant to the purchase, holding, redemption, sale or
         transfer of the Shares. The Subscriber's subscription and payment for,
         and his or her continued beneficial ownership of the Shares, will not
         violate any applicable securities or other laws of the Subscriber's
         jurisdiction.

4.       Registration Rights.

(a)      Subscriber acknowledges that it is acquiring the Shares for its own
         account and for the purpose of investment and not with a view to any
         distribution or resale thereof within the meaning of the Securities Act
         of 1933, as amended, (the "Securities Act"). The Subscriber further
         agrees that it will not sell, assign or transfer the Shares, or shares
         of common stock of the Company, par value $.0001 ("Common Stock"), into
         which the Shares are convertible (the "Underlying Common Shares"), at
         any time in violation of the Securities Act and acknowledges that, in
         taking unregistered securities, it must continue to bear the economic
         risk of its investment for an indefinite period of time because of the
         fact that the Shares and the Underlying Common Shares have not been
         registered under the Securities Act, and further realizes that neither
         the Shares nor the Underlying Common Shares can be sold unless
         subsequently registered under the Securities Act or an exemption from
         such registration is available. The Subscriber further recognizes that
         the Company is not assuming any obligation to register the Shares or
         the Underlying Common Shares except as expressly set forth herein. The
         Subscriber also acknowledges that appropriate legends reflecting the
         status of the Shares and the Underlying Common Shares under the
         Securities Act may be placed on the face of the certificates for such
         shares at the time of their transfer and delivery to the holder
         thereof.

(b)      Neither the Shares nor the Underlying Common Shares may be transferred
         except in a transaction which is in compliance with the Securities Act.
         Except as provided hereafter with respect to registration of the Shares
         or the Underlying Common Shares, it shall be a condition to any such
         transfer that the Company shall be furnished with an opinion of counsel

                                       2
<PAGE>

         to the holder of such shares, reasonably satisfactory to the Company,
         to the effect that the proposed transfer would be in compliance with
         the Securities Act.

(c)      Within 30 days after the filing of the Company's annual report on Form
         10-K for the fiscal year ended December 31, 2002 (the "Filing Date"),
         the Company shall use its commercially reasonable efforts to prepare
         and file with the Securities and Exchange Commission (the "SEC"), a
         registration statement and such other documents as may be necessary in
         the opinion of counsel for the Company, and use its commercially
         reasonable efforts to have such registration statement declared
         effective within 75 days after the Filing Date in order to comply with
         the provisions of the Securities Act so as to permit the registered
         resale of the Underlying Common Shares for a period of two (2) years
         following the Closing Date by each and every holder of Shares sold in
         the Offering, except for those holders who designate on the signature
         page hereto that they do not wish to have their Underlying Common
         Shares included in the registration statement. The Underlying Common
         Shares that are registered for resale under such registration statement
         are referred to herein as the "Offering Shares," and the Subscribers
         who are eligible to sell their Underlying Common Shares under such
         registration statement, together with their affiliates, are hereafter
         referred to as "Offering Holders." The Company will include in such
         registration statement (i) the information required under the
         Securities Act to be so included concerning the Offering Holders, as
         provided by the Offering Holders on the signature page hereto,
         including any changes in such information that may be provided by the
         Offering Holders in writing to the Company from time to time, and (ii)
         a section entitled "Plan of Distribution," substantially in the form of
         Exhibit C hereto, that describes the various procedures that may be
         used by the Offering Holders in the sale of Underlying Common Shares.
         Notwithstanding anything to the contrary in this Section 4, the Company
         may, at its option, terminate such registration statement at any time
         after a period of one year following the Closing Date, if at such time
         no Offering Holder beneficially owns more than 1,000,000 of the
         Underlying Common Shares underlying the Shares that such Offering
         Holder purchased in the Offering.

(d)      If the registration statement referred to in Section 4(c) above has not
         been declared effective by the SEC within 75 days after the Filing Date
         and the cause of the delay is not related to circumstances beyond the
         Company's control (such as failure of the SEC to review and act on the
         registration statement or amendments to the registration statement in a
         timely manner), the Company shall pay liquidated damages of 2% of the
         Offering Price per share for every Share for each 30 day period of
         delay following such initial 75 day period ("Liquidated Damages"). The
         foregoing payment shall constitute the sole monetary remedy available
         to the Subscriber in the event that the Company does not comply with
         the deadlines set forth in Section 4(c) with respect to the filing and
         effectiveness of the registration statement referred to therein.

(e)      Notwithstanding the foregoing provisions of this Section 4, the Company
         may voluntarily suspend the effectiveness of any such registration
         statement for a limited time, which in no event shall be longer than 60
         days in any three-month period and no longer than 120 days in any
         twelve month period, if the Company has been advised in writing by
         counsel or underwriters to the Company that the offering of any
         Offering Shares pursuant to the registration statement would materially
         adversely affect, or would be improper in view of (or improper without
         disclosure in a prospectus), a proposed financing, a reorganization,

                                       3
<PAGE>

         recapitalization, merger, consolidation, or similar transaction
         involving the Company. If the effectiveness of any such registration
         statement is suspended for a period of time in violation of the
         preceding sentence and the cause of the delay is not related to
         circumstances beyond the Company's control (such as the failure of the
         SEC to review and act on a post-effective amendment to the registration
         statement in a timely manner), the Company shall pay Liquidated Damages
         for each such violation, subject to the limitation set forth in the
         last sentence of Section 4(d). If any event occurs that would cause any
         such registration statement to contain a material misstatement or
         omission or not to be effective and usable during the period that such
         registration statement is required to be effective and usable, the
         Company shall promptly file an amendment to the registration statement
         and use its commercially reasonable efforts to cause such amendment to
         be declared effective as soon as practicable thereafter.
         Notwithstanding any provision contained herein to the contrary, the
         Company's obligation to include, or continue to include, Offering
         Shares in any such registration statement under this Section 4 shall
         terminate to the extent such shares are eligible for resale under Rule
         144(k) promulgated under the Securities Act.

(f)      If and whenever the Company is required by the provisions of this
         Agreement to use its commercially reasonable efforts to effect the
         registration of the Offering Shares under the Securities Act for the
         account of an Offering Holder, the Company will, as promptly as
         possible:

(i)      prepare and file with the SEC a registration statement with respect to
         such securities and use its commercially reasonable efforts to cause
         such registration statement to become and remain effective;

(ii)     prepare and file with the SEC such amendments and supplements to such
         registration statement and the prospectus used in connection therewith
         as may be necessary to keep such registration statement effective and
         to comply with the requirements of the Securities Act and the rules and
         regulations promulgated by the SEC thereunder relating to the sale or
         other disposition of the securities covered by such registration
         statement;

(iii)    furnish to each Offering Holder such numbers of copies of a prospectus,
         including a preliminary prospectus, complying with the requirements of
         the Securities Act, and such other documents as such Offering Holder
         may reasonably request in order to facilitate the public sale or other
         disposition of the Offering Shares owned by such Offering Holder, but
         such Offering Holder shall not be entitled to use any selling materials
         other than a prospectus and such other materials as may be approved by
         the Company, which approval will not be unreasonably withheld; and

(g)      Except as provided below in this Section 4, the expenses incurred by
         the Company in connection with action taken by the Company to comply
         with this Section 4, including, without limitation, all registration
         and filing fees, printing and delivery expenses, accounting fees, fees
         and disbursements of counsel to the Company, consultant and expert
         fees, premiums for liability insurance, if the Company chooses to
         obtain such insurance, obtained in connection with a registration
         statement filed to effect such compliance and all expenses, including
         counsel fees, of complying with any state securities laws ("State
         Acts"), shall be paid by the Company. All fees and disbursements of any
         counsel, experts, or consultants employed by any Offering Holder shall

                                       4
<PAGE>

         be borne by such Offering Holder. The Company shall not be obligated in
         any way in connection with any registration pursuant to this Section 4
         for any selling commissions or discounts payable by any Offering Holder
         to any underwriter or broker of securities to be sold by such Offering
         Holder. Subscriber agrees to pay all expenses required to be borne by
         such Offering Holder.

(h)      In the event of any registration of Underlying Common Shares pursuant
         to this Section 4, the Company will indemnify and hold harmless each
         Offering Holder, its officers, directors, investment advisors and each
         underwriter of such securities, and any person who controls such
         Offering Holder or underwriter within the meaning of Section 15 of the
         Securities Act, against all claims, actions, losses, damages,
         liabilities and expenses, joint or several, to which any of such
         persons may become subject under the Securities Act or otherwise,
         insofar as such losses, claims, damages, liabilities or actions arise
         out of or are based upon any untrue statement of any material fact
         contained in any registration statement under which such securities
         were registered under the Securities Act, any preliminary prospectus or
         final prospectus contained therein, or any amendment or supplement
         thereof, or arise out of or are based upon the omission to state
         therein a material fact required to be stated therein or necessary to
         make the statements therein not misleading, and will reimburse such
         Offering Holder, its officers, directors and each underwriter of such
         securities, and each such controlling person or entity for any legal
         and any other expenses reasonably incurred by such Offering Holder,
         such underwriter, or such controlling person or entity in connection
         with investigating or defending any such loss, action, claim, damage,
         liability, or action; provided, however, that the Company will not be
         liable in any such case to the extent that any such loss, claim,
         damage, liability or action arises directly out of or is based
         primarily upon an untrue statement or omission made in said
         registration statement, said preliminary prospectus or said prospectus,
         or said amendment of supplement in reliance upon and in conformity with
         written information furnished to the Company by such Offering Holder or
         such underwriter specifically for use in the preparation thereof, and
         provided further however, that the Company will not be liable in any
         such case to the extent that any such loss, claim, damage or liability
         or action arises directly out of or is based primarily upon an untrue
         statement or omission made in any preliminary prospectus or final
         prospectus if (i) such Offering Holder failed to send or deliver a copy
         of the final prospectus or prospectus supplement with or prior to the
         delivery of written confirmation of the sale of the Offering Shares,
         and (ii) the final prospectus or prospectus supplement would have
         corrected such untrue statement or omission.

(i)      At any time when a prospectus relating to the Offering is required to
         be delivered under the Securities Act, the Company will notify the
         Offering Holder of the happening of any event, upon the notification or
         awareness of such event by an executive officer of the Company, as a
         result of which the prospectus included in such registration statement,
         as then in effect, includes an untrue statement of material fact or
         omits to state a material fact required to be stated therein or
         necessary to make the statements therein not misleading in light of the
         circumstances then existing.

(j)      In the event of any registration of any Underlying Common Shares under
         the Securities Act pursuant to this Section 4, Subscriber agrees to
         indemnify and hold harmless the Company, its officers, directors and
         any person who controls the Company within the meaning of Section 15 of
         the Securities Act, against any losses, claims, damages, liabilities,
         or actions, joint or several, to which the Company, its officers,
         directors, or such controlling person or entity may become subject
         under the Securities Act or otherwise, insofar as such losses, claims,

                                       5
<PAGE>

         damages, liabilities, or actions arise out of or are based upon any
         untrue statement of any material fact contained in any registration
         statement under which such Underlying Common Shares were registered
         under the Securities Act, any preliminary prospectus or final
         prospectus contained therein, or any amendment or supplement thereto,
         or arise out of or are based upon the omission to state therein a
         material fact required to be stated therein or necessary to make the
         statements therein not misleading, in each case to the extent and only
         to the extent that any such loss, claim, damage, liability, or action
         arises out of or is based upon an untrue statement or omission made in
         said registration statement, said preliminary prospectus or said
         prospectus or said amendment or supplement in reliance upon and in
         conformity with written information furnished to the Company by
         Subscriber or any affiliate (as defined in the Securities Act) of
         Subscriber specifically for use in the preparation thereof.

(k)      Any party entitled to indemnification hereunder will (i) give prompt
         written notice to the indemnifying party of any claim with respect to
         which it seeks indemnification and (ii) unless in such indemnified
         party's reasonable judgment a conflict of interest between such
         indemnified and indemnifying parties may exist with respect to such
         claim, permit such indemnifying party to assume the defense of such
         claim with counsel reasonably satisfactory to the indemnified party. If
         such defense is assumed, the indemnifying party will not be subject to
         any liability for any settlement made by the indemnified party without
         its consent (which consent may not be unreasonably withheld). An
         indemnifying party who is not entitled to, or elects not to, assume the
         defense of a claim will not be obligated to pay the fees and expenses
         of more than one counsel for all parties indemnified by such
         indemnifying party with respect to such claim, unless in the reasonable
         judgment of any indemnified party a conflict of interest may exist
         between such indemnified party and any other of such indemnified
         parties with respect to such claim.

(l)      With a view to making available to the Offering Holder the benefits of
         Rule 144 promulgated under the Securities Act, the Company agrees that
         it will use its commercially reasonable efforts to maintain
         registration of its Common Stock under Section 12 or 15 of the
         Securities and Exchange Act of 1934, as amended, (the "Exchange Act")
         and to file with the SEC in a timely manner all reports and other
         documents required to be filed by an issuer of securities registered
         under the Exchange Act so as to maintain the availability of Rule 144.
         Upon the request of any record owner, the Company will deliver to such
         owner a written statement as to whether it has complied with the
         reporting requirements of Rule 144.

5.       Representations and Warranties of the Subscriber. Subscriber hereby
         represents and warrants to the Company as follows:

(a)      Subscriber is acquiring the Shares for its own account, for investment
         and not with a view to, or for resale in connection with, any
         distribution or public offering thereof within the meaning of the
         Securities Act, and applicable state securities laws.

(b)      The Subscriber understands that (A) the Shares (1) have not been
         registered under the Securities Act or any state securities laws, (2)
         will be issued in reliance upon an exemption from the registration and
         prospectus delivery requirements of the Securities Act pursuant to
         Section 4(2) and/or Regulation D thereof and (3) will be issued in
         reliance upon exemptions from the registration and prospectus delivery
         requirements of state securities laws which relate to private

                                       6
<PAGE>

         offerings, and (B) the Subscriber must therefore bear the economic risk
         of such investment indefinitely unless a subsequent disposition thereof
         is registered under the Securities Act and applicable state securities
         laws or is exempt therefrom. Subscriber further understands that such
         exemptions depend upon, among other things, the bona fide nature of the
         investment intent of the Subscriber expressed herein. Pursuant to the
         foregoing, the Subscriber acknowledges that the certificates
         representing the Shares, and any Underlying Common Shares, acquired by
         the Subscriber shall bear a restrictive legend substantially as
         follows:

               "THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
               RESTRICTIONS ON TRANSFER UNDER THE SECURITIES ACT OF 1933, AS
               AMENDED, AND STATE SECURITIES LAWS, AND MAY NOT BE OFFERED FOR
               SALE, SOLD, ASSIGNED, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED
               OF UNLESS (I) REGISTERED UNDER THE APPLICABLE SECURITIES LAWS OR
               (II) AN OPINION OF COUNSEL, WHICH OPINION AND COUNSEL ARE BOTH
               REASONABLY SATISFACTORY TO THE COMPANY, HAS BEEN DELIVERED TO THE
               COMPANY AND SUCH OPINION STATES THAT THE SHARES MAY BE
               TRANSFERRED WITHOUT SUCH REGISTRATION."

(c)      The Subscriber has knowledge, skill and experience in financial,
         business and investment matters relating to an investment of this type
         and is capable of evaluating the merits and risks of such investment
         and protecting the Subscriber's interest in connection with the
         acquisition of the Shares. The Subscriber understands that the
         acquisition of the Shares is a speculative investment and involves
         substantial risks and that the Subscriber could lose the Subscriber's
         entire investment in the Shares. To the extent deemed necessary by the
         Subscriber, the Subscriber has retained, at its own expense, and relied
         upon, appropriate professional advice regarding the investment, tax and
         legal merits and consequences of purchasing and owning the Shares. The
         Subscriber has the ability to bear the economic risks of the
         Subscriber's investment in the Company, including a complete loss of
         the investment, and the Subscriber has no need for liquidity in such
         investment.

(d)      The Subscriber has been furnished by the Company all information (or
         provided access to all information) regarding the business and
         financial condition of the Company, its expected plans for future
         business activities, the attributes of the Shares and the merits and
         risks of an investment in the Shares which the Subscriber has requested
         or otherwise need to evaluate the investment in the Company.

(e)      Subscriber is in receipt of and has carefully read and understands the
         following items:

(i)      the Memorandum; and

(ii)     Final Prospectus to Post-Effective Amendment No. 1 to Form S-1, filed
         December 20, 2002.

                                       7
<PAGE>

(f)      In making the proposed investment decision, the Subscriber is relying
         solely on investigations made by the Subscriber and the Subscriber's
         representatives. The offer to sell the Shares was communicated to the
         Subscriber in such a manner that the Subscriber was able to ask
         questions of and receive answers from the management of the Company
         concerning the terms and conditions of the proposed transaction and
         that at no time was the Subscriber presented with or solicited by or
         through any leaflet, public promotional meeting, television
         advertisement or any other form of general or public advertising or
         solicitation.

(g)      The Subscriber acknowledges that the Subscriber has been advised that:

(i)      The Shares offered hereby and the Underlying Common Shares have not
         been approved or disapproved by the SEC or any state securities
         commission nor has the SEC or any state securities commission passed
         upon the accuracy or adequacy of any representations by the Company.
         Any representation to the contrary is a criminal offense.

(ii)     In making an investment decision, the Subscriber must rely on its own
         examination of the Company and the terms of the Offering, including the
         merits and risks involved. Neither the Shares nor the Underlying Common
         Shares have been recommended by any federal or state securities
         commission or regulatory authority. Furthermore, the foregoing
         authorities have not confirmed the accuracy or determined the adequacy
         of any representation. Any representation to the contrary is a criminal
         offense.

(iii)    The Shares and the Underlying Common Shares are "Restricted Securities"
         within the meaning of Rule 144 under the Securities Act, are subject to
         restrictions on transferability and resale and may not be transferred
         or resold except as permitted under the Securities Act and applicable
         state securities laws, pursuant to registration or exemption therefrom.
         The Subscriber is aware that the Subscriber may be required to bear the
         financial risks of this investment for an indefinite period of time.

(h)      The Subscriber acknowledges and is aware that there has never been any
         representation, guarantee or warranty made by the Company or any
         officer, director, employee or agent or representative of the Company,
         expressly or by implication, as to (i) the approximate or exact length
         of time that the Subscriber will be required to remain an owner of the
         Shares or the Underlying Common Shares; (ii) the percentage of profit
         and/or amount of or type of consideration, profit or loss to be
         realized, if any, as a result of this investment; or (iii) that the
         limited past performance (if any) or experience on the part of the
         Company, or any future expectations will in any way indicate the
         predictable results of the ownership of the Shares or the Underlying
         Common Shares or of the overall financial performance of the Company.

(i)      The Subscriber agrees to furnish the Company such other information as
         the Company may reasonably request in order to verify the accuracy of
         the information contained herein and agrees to notify the Company
         immediately of any material change in the information provided herein
         that occurs prior to the Company's acceptance of this Agreement.

(j)      The Subscriber further represents and warrants that the Subscriber is
         an "accredited investor" within the meaning of Rule 501 of Regulation D
         under the Securities Act, and Subscriber has executed the Certificate

                                       8
<PAGE>

         of Accredited Investor Status, attached hereto as Exhibit B.

(k)      As of the date of this Agreement the Subscriber and its affiliates do
         not have, and during the 30 day period prior to the date of this
         Agreement the Subscriber and its affiliates have not entered into, any
         "put equivalent position" as such term is defined in Rule 16a-1 of
         under the Exchange Act or short sale positions with respect to the
         Preferred Stock of the Company. Until the registration statement
         referred to in Section 4(c) is declared effective, the Subscriber
         hereby agrees not to, and will cause its affiliates not to, enter into
         any such "put equivalent position" or short sale position.

                  The foregoing representations and warranties and undertakings
are made by the Subscriber with the intent that they be relied upon in
determining its suitability as an investor and the Subscriber hereby agrees that
such representations and warranties shall survive its purchase of the Shares.

6. Representations and Warranties of the Company. The Company hereby represents
and warrants to the Subscriber as follows:

(a) The Company is duly incorporated, validly existing and in good standing
under the laws of its state of incorporation, and is duly qualified to do
business as a foreign corporation in all jurisdictions in which the failure to
be so qualified would materially and adversely affect the business or financial
condition, properties or operations of the Company. The Company has all
requisite corporate power and authority (i) to own and lease the properties and
assets it currently owns and leases (if any) and it contemplates owning and
leasing and (ii) to conduct its activities as such activities (if any) are
currently conducted and as currently contemplated to be conducted.

(b) The authorized capital of the Company immediately prior to the Closing will
consist of: (i) 5,000,000 shares of Preferred Stock, of which 1,000 shares are
designated as Series A Preferred Stock, none of which are issued and
outstanding, and of which 20,000 shares are designated as Series B Preferred
Stock, none of which are issued and outstanding, and (ii) 100,000,000 shares of
Common Stock, 40,288,800 of which were issued and outstanding as of January 24,
2003.

(c) The Company has duly authorized the issuance and sale of the Shares in
accordance with the terms of this Agreement (as described herein) by all
requisite corporate action, including the authorization of the Company's Board
of Directors of the issuance and sale of the Shares in accordance herewith, the
authorization and reservation of a number of shares of Common Stock sufficient
to convert all Shares sold in the Offering into shares of Common Stock in
accordance with the terms of the Shares (without giving effect to any future
adjustment in the Conversion Price of the Shares) and the execution, delivery
and performance of any other agreements and instruments executed in connection
herewith. This Agreement constitutes a valid and legally binding obligation of
the Company, enforceable in accordance with its terms, except (i) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of
general application affecting enforcement of creditors' rights generally, (ii)
as limited by laws relating to the availability of specific performance,
injunctive relief, or other equitable remedies, and (iii) to the extent the

                                       9
<PAGE>

indemnification provisions contained herein may be limited by applicable federal
or state securities laws.

(d) The Shares, when issued and paid for in accordance with this Agreement, and
the Underlying Common Shares, when issued upon conversion of the Shares, will
represent validly authorized, duly issued and fully paid and nonassessable
shares of Preferred Stock or Common Stock of the Company, as the case may be,
and the issuance thereof will not conflict with the certificate of incorporation
or bylaws of the Company and will be in full compliance with. all federal and
state securities laws applicable to such issuance and sale.

(e) The execution and delivery of this Agreement, the fulfillment of the terms
set forth herein and the consummation of the transactions contemplated hereby
will not conflict with, or constitute a breach of or default under, any
agreement, indenture or instrument by which the Company is bound or any law,
administrative rule, regulation or decree of any court or any governmental body
or administrative agency applicable to the Company.

(f) As of the date of this Agreement, the Memorandum does not contain any untrue
statement of a material fact or omit to state any material fact required to be
stated therein or necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading.

(g) The documents incorporated by reference in the Memorandum at the time they
were filed with the SEC, complied in all material respects with the requirements
of the Exchange Act, and, when read together and with the other information in
the Memorandum, do not contain an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary in order to
make the statements therein, in the light of the circumstances under which they
were made, not misleading.

(h) Subsequent to the dates as of which information is given in the Memorandum
and the documents incorporated by reference therein, except as described
therein, there has not been any material adverse change with regard to the
assets or properties, results of operations or financial condition of the
Company.

7. Survival; Indemnification. All representations, warranties and covenants
contained in this Agreement and the indemnification contained in this Section 7
shall survive (i) the acceptance of this Agreement by the Company, (ii) changes
in the transactions, documents and instruments described herein which are not
material or which are to the benefit of Subscriber, and (iii) the death or
disability of Subscriber. Subscriber acknowledges the meaning and legal
consequences of the representations, warranties and covenants in Section 5
hereof and that the Company has relied upon such representations, warranties and
covenants in determining Subscriber's qualification and suitability to purchase
the Shares. Subscriber hereby agrees to indemnify, defend and hold harmless the
Company, its officers, directors, employees, agents and controlling persons,
from and against any and all losses, claims, damages, liabilities, expenses
(including attorneys' fees and disbursements), judgments or amounts paid in
settlement of actions arising out of or resulting from the untruth of any
representation of Subscriber herein or the breach of any warranty or covenant
herein by Subscriber. Notwithstanding the foregoing, however, no representation,
warranty, covenant or acknowledgment made herein by Subscriber shall in any

                                       10
<PAGE>

manner be deemed to constitute a waiver of any rights granted to it under the
Securities Act or state securities laws.

8. Notices. All notices and other communications provided for herein shall be in
writing and shall be deemed to have been duly given if delivered personally or
sent by registered or certified mail, return receipt requested, postage prepaid:

(a) if to the Company, to the following address:

                  Gasco Energy, Inc.
                  14 Inverness Drive East
                  Building H, Suite 236
                  Englewood, CO 80112
                  Attn: Peggy Herald
                  Telephone: (303) 483-0044

(b) if to Subscriber, to the address set forth on the signature page hereto.

(c) or at such other address as any party shall have specified by notice in
writing to the others.

9. Notification of Changes. Subscriber agrees and covenants to notify the
Company immediately upon the occurrence of any event prior to the consummation
of this Offering that would cause any representation, warranty, covenant or
other statement contained in this Agreement to be false or incorrect or of any
change in any statement made herein occurring prior to the consummation of this
Offering.

10. Assignability. This Agreement is not assignable by the Subscriber, and may
not be modified, waived or terminated except by an instrument in writing signed
by the party against whom enforcement of such modification, waiver or
termination is sought.

11. Binding Effect. Except as otherwise provided herein, this Agreement shall be
binding upon and inure to the benefit of the parties and their heirs, executors,
administrators, successors, legal representatives and assigns, and the
agreements, representations, warranties and acknowledgments contained herein
shall be deemed to be made by and be binding upon such heirs, executors,
administrators, successors, legal representatives and assigns.

12. Obligations Irrevocable. The obligations of the Subscriber shall be
irrevocable, except with the consent of the Company, until the consummation or
termination of the Offering.

13. Entire Agreement. This Agreement constitutes the entire agreement of the
Subscriber and the Company relating to the matters contained herein, superseding
all prior contracts or agreements, whether oral or written.

14. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Colorado, without regard to the
principles of conflicts of law thereof that would require the application of the
laws of any jurisdiction other than Colorado.

                                       11
<PAGE>

15. Severability. If any provision of this Agreement or the application thereof
to Subscriber or any circumstance shall be held invalid or unenforceable to any
extent, the remainder of this Agreement and the application of such provision to
other subscriptions or circumstances shall not be affected thereby and shall be
enforced to the greatest extent permitted by law.

16. Headings. The headings in this Agreement are inserted for convenience and
identification only and are not intended to describe, interpret, define, or
limit the scope, extent or intent of this Agreement or any provision hereof.

17. Counterparts. This Agreement may be executed in any number of counterparts,
each of which when so executed and delivered shall be deemed to be an original
and all of which together shall be deemed to be one and the same agreement.

18. Counsel. Subscriber hereby acknowledges that the Company and its counsel,
Vinson & Elkins L.L.P., represent the interests of the Company and not those of
the Subscriber in any agreement (including this Agreement) to which the Company
is a party.

                           [Signature Page to follow]

                                       12
<PAGE>

     IN  WITNESS  WHEREOF,   Subscriber  has  executed  this   Subscription  and
Registration Rights Agreement as of ___________________, 2003.

                       SUBSCRIBER

                       Number of Shares: ____________________
                       Offering Price per Share: $__________________________
                       Subscription Amount:  $______________________________

                       By:  ________________________________________________
                       Name:________________________________________________
                       Title:_______________________________________________
                       Address:  ___________________________________________

     The Company hereby accepts the foregoing  subscription subject to the terms
and conditions hereof as of ______________, 2003.

                                      Gasco Energy, Inc.
                                      a Nevada corporation

                                      By:__________________________________
                                             Mark A. Erikson, President and
                                             Chief Executive Officer

                                       13
<PAGE>

                                                                      Exhibit A

                                HOW TO SUBSCRIBE

         (1) If you are subscribing for the purchase of Shares, please date and
sign the signature page to this Subscription and Registration Rights Agreement
in the applicable spaces. Please signify the amount of Shares you are purchasing
by inserting such amount in the space provided for on the signature page to the
Agreement.

         (2) Complete and sign the accompanying Accredited Investor Certificate.

         (3) Send all completed documents to:

         Gasco Energy, Inc.
         14 Inverness Drive East
         Building H, Suite 236
         Englewood, CO 80112
         Attn: Peggy Herald
         Telephone: (303) 483-0044

         (4) Transmit funds in an amount equal to the number of shares you are
purchasing multiplied by the Offering Price via wire to the following account:

Domestic

         Usbank
         601 2nd Ave. South
         Minneapolis, MN  55402-7020
         ABA 091-000-022
         Piper Jaffray Inc.
         Acct # 1731-0311-4547
For Further Credit To:         Gasco Energy Offering Proceeds
                               3595-9612

Foreign

         Us Bank MNPLS
         Swift USBKUS441MT
         Acct # 1731-0311-4547 Piper Jaffray
For Further Credit To:  Gasco Energy Offering Proceeds
                        3595-9612

ATTENTION SUBSCRIBERS: NO SUBSCRIPTION WILL BE ACCEPTED UNLESS ALL DOCUMENTATION
PRESCRIBED HEREIN IS FULLY COMPLETED AND EXECUTED.  ANY MATERIALS  RECEIVED THAT
ARE INCOMPLETE IN ANY RESPECT WILL BE RETURNED BY THE COMPANY.

                                       14
<PAGE>

                                                                       Exhibit B

                    CERTIFICATE OF ACCREDITED INVESTOR STATUS

         Except as may be indicated by the undersigned below, the undersigned is
an individual "accredited investor," as that term is defined in Regulation D
under the Securities Act of 1933, as amended (the "Securities Act"). The
undersigned has checked the box below indicating the basis on which he is
representing his status as an "accredited investor":

?    a bank as defined in Section  3(a)(2) of the Securities Act, or any savings
     and loan association or other institution as defined in Section  3(a)(5)(A)
     of the  Securities  Act  whether  acting  in its  individual  or  fiduciary
     capacity;  a broker or dealer  registered  pursuant  to  Section  15 of the
     Securities  Exchange  Act of 1934,  as amended  (the  "Securities  Exchange
     Act");  an insurance  company as defined in Section 2(13) of the Securities
     Act; an investment  company  registered under the Investment Company Act of
     1940 or a business  development  company as defined in Section  2(a)(48) of
     that Act; a small business  investment  company  licensed by the U.S. Small
     Business  Administration  under Section 301(c) or (d) of the Small Business
     Investment Act of 1958; a plan  established and maintained by a state,  its
     political subdivisions,  or any agency or instrumentality of a state or its
     political subdivisions, for the benefit of its employees, and such plan has
     total assets in excess of $5,000,000;  an employee  benefit plan within the
     meaning of the Employee  Retirement  Income  Security  Act of 1974,  if the
     investment  decision  is made by a plan  fiduciary,  as  defined in Section
     3(21) of such Act,  which is either a bank,  savings and loan  association,
     insurance company,  or registered  investment  adviser,  or if the employee
     benefit  plan  has  total  assets  in  excess  of   $5,000,000   or,  if  a
     self-directed  plan, with investment  decisions made solely by persons that
     are "accredited investors";

?    a private business  development company as defined in Section 202(a)(22) of
     the Investment Advisers Act of 1940;

?    an  organization  described in Section  501(c)(3)  of the Internal  Revenue
     Code, corporation, Massachusetts or similar business trust, or partnership,
     not formed for the specific  purpose of acquiring the  securities  offered,
     with total assets in excess of $5,000,000;

?    a natural person whose  individual  net worth,  or joint net worth with the
     undersigned's spouse, at the time of this purchase exceeds $1,000,000;

?    a natural person who had an individual income in excess of $200,000 in each
     of the two most recent years or joint income with the undersigned's  spouse
     in  excess  of  $300,000  in  each of  those  years  and  has a  reasonable
     expectation of reaching the same income level in the current year;

?    a trust  with  total  assets in excess of  $5,000,000,  not  formed for the
     specific  purpose of acquiring the  securities  offered,  whose purchase is

                                       15
<PAGE>

     directed by a person who has such knowledge and experience in financial and
     business  matters that he is capable of evaluating  the merits and risks of
     the prospective investment; or

?    an entity in which all of the equity holders are "accredited  investors" by
     virtue of their meeting one or more of the above standards.

?    an individual who is a director or executive officer of Gasco Energy, Inc.

     IN WITNESS  WHEREOF,  the  undersigned  has executed  this  Certificate  of
Accredited Investor Status effective as of __________________, 2003.

                               --------------------------------------------
                               Name of Subscriber

                               By: ________________________
                               Name: ______________________
                               Title: _______________________

                                       16
<PAGE>

                                                                       Exhibit C

                              PLAN OF DISTRIBUTION

         As of the date of this prospectus, we have not been advised by the
selling stockholders as to any plan of distribution. Distributions of the shares
by the selling stockholders, or by their partners, pledgees, donees (including
charitable organizations), transferees or other successors in interest, may from
time to time be offered for sale either directly by such individual, or through
underwriters, dealers or agents or on any exchange on which the shares may from
time to time be traded, in the over-the-counter market, or in independently
negotiated transactions or otherwise. The methods by which the shares may be
sold include:

     -    a block  trade  (which  may  involve  crosses)  in which the broker or
          dealer so engaged will attempt to sell the securities as agent but may
          position and resell a portion of the block as principal to  facilitate
          the transaction;

     -    purchases by a broker or dealer as principal and resale by such broker
          or dealer for its own account pursuant to this prospectus;

     -    exchange distributions and/or secondary distributions;

     -    sales in the over-the-counter market;

     -    underwritten transactions;

     -    ordinary  brokerage  transactions and transactions in which the broker
          solicits purchasers; and

     -    privately negotiated transactions.

         Such transactions may be effected by the selling stockholders at market
prices prevailing at the time of sale or at negotiated prices. The selling
stockholders may effect such transactions by selling the Common Stock to
underwriters or to or through broker-dealers, and such underwriters or
broker-dealers may receive compensations in the form of discounts or commissions
from the selling stockholders and may receive commissions from the purchasers of
the Common Stock for whom they may act as agent. The selling stockholders may
agree to indemnify any underwriter, broker-dealer or agent that participates in
transactions involving sales of the shares against certain liabilities,
including liabilities arising under the Securities Act. We have agreed to
register the shares for sale under the Securities Act and to indemnify the
selling stockholders and each person who participates as an underwriter in the
offering of the shares against certain civil liabilities, including certain
liabilities under the Securities Act.

         In connection with sales of the Common Stock under this prospectus, the
selling stockholders may enter into hedging transactions with broker-dealers,
who may in turn engage in short sales of the Common Stock in the course of
hedging the positions they assume. The selling stockholders also may sell shares
of Common Stock short and deliver them to close our the short positions, or loan
or pledge the shares of Common Stock to broker-dealers that in turn may sell
them.

         The selling stockholders and any underwriters, dealers or agents that
participate in distribution of the shares may be deemed to be underwriters, and
any profit on sale of the shares by them and any discounts, commissions or
concessions received by any underwriter, dealer or agent may be deemed to be
underwriting discounts and commissions under the Securities Act.

         There can be no assurances that the selling stockholders will sell any
or all of the shares offered under this prospectus.

                                       17
<PAGE>COMC, INC.

                            SERIES A PREFERRED STOCK
                               PURCHASE AGREEMENT

                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----

1.  Purchase and Sale of Stock.................................................1
    1.1      Sale and Issuance of Series A Preferred Stock.....................1
    1.2      Term..............................................................1
    1.3      Interest Rate.....................................................1
    1.4      Liquidation and Sale Preferences..................................1
    1.5      Redemption Conversion and Sinking Fund............................1
    1.6      Voting Rights.....................................................2
    1.7      Legend............................................................2
    1.8       Closing..........................................................3
    1.9      Subsequent Sale of Series A Preferred Stock.......................3

2.  Representations and Warranties of the Company..............................3
    2.1      Organization; Good Standing; Qualification........................3
    2.2      Authorization.....................................................3
    2.3      Valid Issuance of Preferred and Common Stock......................3
    2.4      Governmental Consents.............................................4
    2.5      Capitalization and Voting Rights..................................4
    2.6      Subsidiaries......................................................5
    2.7      Contracts and Other Commitments...................................5
    2.8      Material Contracts and Commitments................................5
    2.9      Registration Rights...............................................5
    2.10     Permits...........................................................6
    2.11     Compliance With Other Instruments.................................6
    2.12     Litigation........................................................6
    2.13     Title to Property and Assets; Leases..............................6
    2.14     Patents, Trademarks, etc..........................................7
    2.15     Proprietary Agreements............................................7
    2.16     Taxes.............................................................7
    2.17     No Material Changes...............................................7
    2.18     Conflicts of Interest.............................................7
    2.19     Employees; Absence of Restrictive Agreements......................8

3.  Representations and Warranties of the Investors............................8
    3.1      Authorization.....................................................8
    3.2      Purchase Entirely for Own Account.................................8
    3.3      Receipt of Information............................................8
    3.4      Investment Experience.............................................8
    3.5      Accredited Investor...............................................9
    3.6      Sale of Preferred Stock...........................................9
    3.7      Restricted Securities.............................................9

4.  Conditions of Investors' Obligations at Closing............................9

                                      -i-
<PAGE>

    4.1      Representations and Warranties....................................9
    4.2      Performance.......................................................9
    4.3      Qualifications....................................................9
    4.4      Forms.............................................................9
    4.5      Proceedings and Documents.........................................9
    4.6      Registration Rights Series A Peferred Stock......................10

5.  Conditions of the Company's Obligations at Closing........................10
    5.1      Representations and Warranties...................................10
    5.2      Performance......................................................10
    5.3      Qualifications...................................................10
    5.4      Forms............................................................10

6.  Miscellaneous.............................................................10
    6.1      Entire Agreement.................................................10
    6.2      Survival of Warranties...........................................10
    6.3      Successors and Assigns...........................................10
    6.4      Governing Law....................................................11
    6.5      Counterparts.....................................................11
    6.6      Titles and Subtitles.............................................11
    6.7      Notices..........................................................11
    6.8      Finders' Fees....................................................11
    6.9      Attorneys' Fees..................................................11
    6.10     Amendments and Waivers...........................................11
    6.11     Severability.....................................................11
    6.12     Rights of Investors..............................................12
    6.13     Exculpation Among Investors......................................12
    6.14     Delays or Omissions..............................................12

Schedule A        -  ......List of Investors
Exhibit A         -  ......Schedule of Exceptions

                                      -ii-
<PAGE>

                                   COMC, INC.

                   SERIES A PREFERRED STOCK PURCHASE AGREEMENT

         THIS SERIES A PREFERRED STOCK PURCHASE AGREEMENT (this "Agreement") is
made as of March 21, 2003, by and between COMC, INC., a Delaware corporation
(the "Company"), and each of the persons listed on Schedule A hereto, each of
which is herein referred to as an "Investor."

         THE PARTIES HEREBY AGREE AS FOLLOWS:

         1. Purchase and Sale of Stock.

         1.1 Sale and Issuance of Series A Preferred Stock.

         (a) The Company  shall file with the Secretary of State of Delaware any
appropriate forms if required in connection with this Agreement.

         (b) Subject to the terms and conditions of this Agreement, each
Investor agrees, severally and not jointly, to purchase at the Closing and the
Company agrees to sell and issue to each Investor, severally and not jointly, at
the Closing that number of shares of the Company's Series A Preferred Stock set
forth opposite each Investor's name on Schedule A hereto at a price of twenty
eight and 6/10th cents ($0.286) per share, up to an aggregate of one million
(1,092,657.34) shares of Series A Preferred Stock for a total price of three
hundred and twelve thousand five hundred dollars ($312,500) ("Series A Preferred
Stock"), with an option to increase this amount by fifteen percent (15%) or an
aggregate of an additional one hundred and sixty three thousand eight hundred
and ninety eight and 6/10th (163,898.60) shares for an additional total price of
forty six thousand eight hundred and seventy five dollars ($46,875) for a
sixty-day period.

         1.2 Term. All the Series A Preferred Stock will have a term of five
years from date of issuance of the original 1,092,657.34 shares.

         1.3 Interest Rate. The Interest Rate on this Series A Preferred Stock
will be a 5% Pay-In-Kind (PIK) dividend. A minimum of two-year interest is
accrued even if Investors are forced to convert or voluntarily convert.

         1.4 Liquidation and Sale Preference. In the event that the Company is
liquidated or sold, the Series A Preferred shareholders will receive the par
value of their shares plus any accumulated PIK interest before the common
shareholders receive any proceeds whatsoever. Then the common shareholders will
receive 1/10th of the amount each preferred share received excluding accumulated
PIK interest for each share. In the event any proceeds distributed in excess
thereof, the preferred stock will be treated as if it is the equivalent to 10
shares of common stock, plus shares attributable to any PIK interest.

         1.5 Redemption, Conversion and Sinking Fund.

                                       1
<PAGE>

         (a) The Series A Preferred Stock is redeemable five (5) years after the
date of issuance and if not repaid, the holders of the Series A Preferred Stock
have the right to force the Company into liquidation.

         (b) The Series A Preferred stockholders have the right at any time to
convert their shares into common stock.

         (c) The Company, at any time, after a two-year period, has the right to
prepay the Series A Preferred Stock, without a penalty. If the Company exercises
their right and shows they have the funds available to prepay, this Series A
Preferred Stock, the Series A Preferred stockholders will have 10 business days
to make a decision to either convert their Series A Preferred shares into common
shares or have their shares redeemed.

         ( c) In the event the Company raises in excess of $2,000,000 of new
equity with rights junior to the Series A Preferred Stock , excluding the Series
A Preferred Stock Issuance, the Company has a right to demand that the Series A
Preferred Stock is converted into common stock. In the event such new equity is
Senior to the Series A Preferred Stock, however, there is no conversion of the
Series A into common stock.

         (d) The Company will not have to establish a sinking fund for the
redemption of this Series A Preferred Stock.

         1.6 Voting Rights. Each share of Series A Preferred Stock will have the
equivalent voting rights of 20 shares of common stock as long as this preferred
stock is outstanding. The Series A Preferred Shareholders can vote their shares
on all matters that the common shareholders have a right to vote on.

         1.7 Legend. To the extent applicable, each certificate or other
document evidencing any of the Series A Preferred Stock or any Common Stock
issued upon conversion thereof shall be endorsed with the legend set forth
below, and each Investor covenants that, except to the extent such restrictions
are waived by the Company, such Investor shall not transfer the shares
represented by any such certificate without complying with the restrictions on
transfer described in the legend endorsed on such certificate:

         "THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
         1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED,
         HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF A REGISTRATION
         STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN
         OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
         IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT OR
         ANOTHER APPLICABLE EXEMPTION."

         The foregoing legend shall be removed, and the Company shall issue a
certificate without such legend to the holder of such security if such holder
provides the Company with an opinion of counsel reasonably satisfactory to the
Company to the effect that a sale, transfer, assignment, offer, pledge or
distribution of such security may be made without registration and that such
legend is not required to satisfy the applicable exemption from registration.

                                       2
<PAGE>

         1.8 Closing. The purchase and sale of the Series A Preferred Stock
shall take place at the offices of the Company, 3040 Pike Lane, Concord,
California, no later than March 26, 2003, or at such other time and place as the
Company and Investors acquiring in the aggregate more than half the shares of
Series A Preferred Stock sold pursuant hereto shall mutually agree, either
orally or in writing (which time and place are designated as the "Closing"). At
the Closing or as soon as possible thereafter, the Company shall deliver to each
Investor a certificate representing the shares of Series A Preferred Stock that
such Investor is purchasing against payment of the purchase price therefor by
check, wire transfer or such other form of payment as shall be mutually agreed
upon by such Investor and the Company.

         1.9      Subsequent Sale of Series A Preferred Stock.

         (a) Each shareholder of Series A Preferred Stock shall have the right
for 90 days to purchase additional shares of Series A Preferred Stock for a
price of $0.286 per share of Series A Preferred Stock equal to 25% of their
original purchase.

         2. Representations and Warranties of the Company. The Company hereby
represents and warrants to each Investor that, except as set forth on the
Schedule of Exceptions attached hereto as Exhibit A, specifically identifying
the relevant subparagraph(s) hereof, which exceptions shall be deemed to be
representations and warranties as if made hereunder:

         2.1 Organization; Good Standing; Qualification. The Company is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware, has all requisite corporate power and authority to own
and operate its properties and assets and to carry on its business as now
conducted and as proposed to be conducted, to execute and deliver this
Agreement, the Investors' Rights Agreement (collectively, the "Agreements"), to
issue and sell the Series A Preferred Stock and the Common Stock issuable upon
conversion thereof, and to carry out the provisions of the Agreements.

         2.2 Authorization. All corporate action on the part of the Company, its
officers, directors and stockholders necessary for the authorization, execution
and delivery of the Agreements, the performance of all obligations of the
Company hereunder and thereunder and the authorization, issuance (or reservation
for issuance), sale and delivery of the Series A Preferred Stock being sold
hereunder and the Common Stock issuable upon conversion thereof has been taken
or will be taken prior to the Closing or as soon as possible thereafter, and the
Agreements constitute valid and legally binding obligations of the Company,
enforceable in accordance with their respective terms except (a) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium and other laws of
general application affecting enforcement of creditors' rights generally, (b) as
limited by laws relating to the availability of specific performance, injunctive
relief or other equitable remedies, and (c) to the extent the indemnification
provisions contained in the Investors' Rights Agreement may be limited by
applicable federal or state securities laws.

         2.3 Valid Issuance of Series A Preferred Stock. The Series A Preferred
Stock that is being purchased by the Investors hereunder, when issued, sold and
delivered in accordance with the terms of this Agreement for the consideration
expressed herein, will be duly and validly issued, fully paid and nonassessable,
and will be free of all pledges, liens, encumbrances or restrictions on transfer
other than restrictions on transfer under this Agreement under applicable state
and federal

                                       3
<PAGE>

securities laws. The Common Stock issuable upon conversion of the
Series A Preferred Stock purchased under this Agreement has been duly and
validly reserved for issuance and will be duly and validly issued, fully paid
and nonassessable except as mentioned in 2.5, and will be free of all pledges,
liens, encumbrances or restrictions on transfer other than restrictions on
transfer under this Agreement, the Investors' Rights Agreement and under
applicable state and federal securities laws.

         2.4 Governmental Consents. To the best of the Company's knowledge, no
consent, approval, qualification, order or authorization of, or filing with, any
local, state or federal governmental authority is required on the part of the
Company in connection with the Company's valid execution, delivery or
performance of this Agreement, the offer, sale or issuance of the Series A
Preferred Stock by the Company or the issuance of Common Stock upon conversion
of the Series A Preferred Stock, except (a) the filing of any forms with the
Secretary of State of the State of Delaware, and (b) such filings as have been
made prior to the Closing, except that any notices of sale required to be filed
with the Securities and Exchange Commission under Regulation D of the Securities
Act of 1933, as amended (the "Securities Act"), or such post-closing filings as
may be required under applicable state securities laws, which will be timely
filed within the applicable periods therefor. Any required consents not filed
prior to closing will be filed as soon as possible thereafter.

         2.5 Capitalization and Voting Rights. The authorized capital of the
Company consists, or will consist prior to the Closing, of:

         (a) Preferred Stock. Ten million (10,000,000) shares of Preferred Stock
(the "Preferred Stock"), two million (2,000,000) shares of which have been
designated Series A Preferred Stock. Prior to this Agreement, no shares of
Preferred Stock have been issued or are outstanding. The rights, privileges and
preferences of the Series A Preferred Stock will be as stated herein and in any
related filings with the Sate of Delaware.

         (b) Common Stock. Authorized: forty million (40,000,000) shares of
common stock ("Common Stock") of which twenty five million five hundred and
twenty three thousand nine hundred and fifty eight (25,523,958) shares are
issued and outstanding with three million eight hundred and one thousand two
hundred and thirty seven (3,801,237) are currently held as treasury stock.
Shareholders will have the right on the next proxy statement to vote to increase
the authorized common shares from 40,000,000 to 80,000,000. If increase in
authorized shares is not approved, to the extent shares are not available upon
conversion, each shareholder of Series A preferred stock will only be able to
convert his proportionate amount of preferred stock according to the common
shares available.

         The outstanding shares of Common Stock are owned by the stockholders in
the numbers specified in the Company's stock register. The outstanding shares of
Common Stock have been issued in accordance with the registration or
qualification provisions of the Securities Act and any relevant state securities
laws or pursuant to valid exemptions therefrom. Except for (i) as provided in
the Schedule of Exceptions (other than valid options and warrants outstanding,
etc.), and (ii) the conversion privileges of the Series A Preferred Stock, there
are not outstanding any subscriptions, options, warrants, rights (including
conversion or preemptive rights and rights of first refusal), or agreements for
the purchase or acquisition from the Company of any shares of its capital stock
or other securities of any kind representing an ownership interest or contingent
ownership interest in the

                                       4
<PAGE>

Company. Neither the offer nor the issuance or sale of the Series A Preferred
Stock or the Common Stock issuable, except when noted above, upon conversion of
the Series A Preferred Stock constitutes an event, under any anti-dilution
provisions of any securities issued or issuable, by the Company or any
agreements with respect to the issuance of securities by the Company, which will
either increase the number of shares issuable, except when noted above, pursuant
to such provisions or decrease the consideration per share to be received by the
Company pursuant to such provisions. Except as set otherwise stated, the Company
is not a party or subject to any agreement or understanding, and, to the best of
the Company's knowledge, there is no agreement or understanding between any
persons that affects or relates to the voting or giving of written consents with
respect to any security or the voting by a director of the Company.

         2.6 Subsidiaries. The Company wholly owns one operating subsidiary, ICF
Communication Solutions, Inc. and does not own or control, directly or
indirectly, any interest in any other corporation, association or other business
entity. The Company is not a participant in any joint venture, partnership or
similar arrangement.

         2.7 Contracts and Other Commitments. To the best of its knowledge, the
Company does not have any contract, agreement, lease, license, purchase order,
instrument, commitment or proposed transaction, written or oral, absolute or
contingent, other than (a) contracts for the purchase of supplies and services
that were entered into in the ordinary course of business and that do not
involve more than two hundred thousand dollars ($200,000), and do not extend for
more than one (1) year beyond the date hereof except for the Company's Burbank,
CA office lease, (b) sales contracts entered into in the ordinary course of
business, and (c) contracts terminable at will by the Company on no more than
thirty (30) days' notice without cost or liability to the Company (collectively,
"Contracts").

         2.8 Material Contracts and Commitments. To the best of its knowledge,
all of the Contracts are valid, binding and in full force and effect in all
material respects and enforceable by the Company in accordance with their
respective terms in all material respects, subject to the effect of applicable
bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium, usury
or other laws of general application relating to or affecting enforcement of
creditors' rights and rules or laws concerning equitable remedies. The Company
is not currently engaged in any discussion (a) with any representative of any
corporation or corporations regarding the consolidation or merger of the Company
with or into any such corporation or corporations, (b) with any corporation,
partnership, association or other business entity or any individual regarding
the sale, conveyance or disposition of all or substantially all of the assets of
the Company of a transaction or series of related transactions in which more
than fifty percent (50%) of the voting power of the Company is disposed of, or
(c) regarding any other form of acquisition, liquidation, dissolution or winding
up of the Company.

         2.9 Registration Rights. To the best of its knowledge, the Company is
not obligated (either on a "demand," "request," "piggyback" or other basis) to
register under the Securities Act any of its presently outstanding securities or
any of its securities that may subsequently be issued unless 75% of the holders
of this Series of Preferred A shares convert into shares of common stock of the
Company and request that such common stock be registered under the Securities
Act in which case, the Company will within sixty (60) days will file a
Registration Statement for these shares under the Securities Act.

                                       5
<PAGE>

         2.10 Permits. To the best of its knowledge, the Company has all
franchises, permits, licenses, approvals and any similar authority necessary for
the conduct of its business as now being conducted by it, the lack of which
could materially and adversely affect the business, properties, prospects or
financial condition of the Company and believes it can obtain, without undue
burden or expense, any similar authority for the conduct of its business as
planned to be conducted. The Company is not in default in any material respect
under any of such franchises, permits, licenses or other similar authority.

         2.11 Compliance With Other Instruments. To the best of its knowledge,
the Company is not in violation or default in any material respect of any
provision of its Certificate or Bylaws or in any material respect of any
provision of any lease, license, purchase order, agreement, instrument or
contract to which it is a party or by which it is bound or, to the best of its
knowledge, of any federal, state or local law, judgment, order, writ, decree,
statute, rule or regulation applicable to the Company. To the best of the
Company's knowledge, all parties having material contractual arrangements with
the Company are in substantial compliance therewith and none are in material
default in any respect thereunder. The execution, delivery and performance by
the Company of this Agreement and the other Agreements, and the consummation of
the transactions contemplated hereby and thereby will not result in any such
violation or be in material conflict with or constitute, with or without the
passage of time or giving of notice, either a material default under any such
provision or an event that results in the creation of any material lien, charge
or encumbrance upon any assets of the Company or the suspension, revocation,
impairment, forfeiture or nonrenewal of any material permit, license,
authorization or approval applicable to the Company, its business or operations,
or any of its assets or properties. There is no agreement, obligation,
instrument or transaction to which the Company is a party which materially
adversely affects the business, conditions, affairs or operations of the Company
or any of its properties or assets.

       2.12 Litigation. To the best of its knowledge, except as set forth in the
Company's most recent 10Q filed with the Securities and Exchange Commission
("SEC"), there is no action, suit, arbitration, proceeding or investigation
pending or, to the Company's knowledge, currently threatened against the
Company, its properties, assets or business, nor is the Company aware that there
is any basis for the foregoing.

         2.13 Title to Property and Assets; Leases. To the best of its
knowledge, except (a) for liens for current taxes not yet delinquent, (b) for
liens imposed by law and incurred in the ordinary course of business for
obligations not past due to carriers, warehousemen, laborers, materialmen and
the like, (c) for liens in respect of pledges or deposits under workers'
compensation laws or similar legislation, or (d) for minor defects in title,
none of which, individually or in the aggregate, materially interferes with the
use of such property, the Company owns its property and assets free and clear of
all mortgages, liens, claims and encumbrances. With respect to the property and
assets it leases, the Company is in compliance with such leases and, to the best
of its knowledge, holds a valid leasehold interest free of any liens, claims or
encumbrances, subject to clauses (a)-(d) above. The Company owns no real
property.

         2.14 Patents, Trademarks, etc. To the best of the Company's knowledge,
the Company owns and possesses or is licensed under all patents, patent
applications, licenses, trademarks, trade names, brand names, inventions and
copyrights employed in the operation of its business as now conducted with no
infringement of or conflict with the rights of others respecting any of the
same.

                                       6
<PAGE>

To the Company's knowledge, the operation of the Company's business as now
conducted does not infringe any patent or other proprietary rights of others
respecting any of the same. The Company has not received any communications
alleging that it has violated any of the patents, trademarks, service marks,
trade names, copyrights or trade secrets or other proprietary rights of any
other person or entity, nor is the Company aware of any basis for the foregoing.
There are no agreements, understandings, instruments, contracts, judgments,
orders or writs of decrees to which the Company is a party or by which it is
bound which involve indemnification by the Company with respect to infringements
of proprietary rights.

         2.15 Proprietary Agreements. To the best of its knowledge, each
officer, director, consultant and employee of the Company has executed or will
be asked to execute an agreement regarding confidentiality and proprietary
information.

         2.16 Taxes. To the best of its knowledge, the Company has filed all tax
returns, or appropriate legal extensions, that are required to have been filed
with appropriate governmental agencies or instrumentalities, except where the
failure to do so would not have a material adverse effect upon the Company,
taken as a whole. The Company has paid or established reserves for all income,
franchise and other taxes, assessments, governmental charges, penalties,
interest and fines due and payable by it as set forth on all tax returns on or
before the Closing. The Company is not delinquent in the payment of any such tax
or in the payment of any assessment or governmental charge. There is no pending
dispute with any taxing authority relating to any of such returns, and the
Company has no knowledge of any proposed liability for any tax to be imposed
upon the properties or assets of the Company.

         2.17 No Material Changes. Since January 1, 2003, the Company has
conducted its business in its normal way and the following events have
transpired since the draft of the December 31, 2002 statements: (a) COMC has a
new Chairman of the Board; (b) Christopher Smith on February 28, 2003 resigned
all his positions at ICF Communication Solutions, Inc. ("ICF") and he also
resigned on February 28, 2003 as CEO and CFO of COMC, Inc. These COMC
resignations are to take effect upon the new Chairman's request; (c) Bank
Agreements were switched from Comerica Bank to Greater Bay Banks; (d) William
Burns has taken over as Executive Vice President and COO of ICF and has resigned
as Chairman of COMC; (e) Janice B. Fuellhart was elected the Chairman of the
Board of COMC and elected Chairman, CEO, and President of ICF; (f) The Company
during the first quarter of 2003 has been in the process of re-negotiating its
liabilities with all of its creditors; (g) this Offering is being made without
the Company having provided audited financial statements for the year ended
December 31, 2002, which are in the process of being prepared by BDO Seidman;
(h) Revenues for the months of January and February 2003 were below projections
supplied at the begin of the year; and (i) ALL DOCUMENTS IN CONNECTION WITH THIS
TRANSACTION ARE AVAILABLE AT THE COMPANY'S CORPORATE OFFICE.

         2.18 Conflicts of Interest. To the best of the Company's knowledge, no
officer, director or stockholder of the Company or any affiliate (as such term
is defined in Rule 405 under the Securities Act) of any such person has any
direct or indirect interest (a) in any entity which does business with the
Company, or (b) in any property, asset or right which is used by the Company in
the conduct of its business, or (c) in any contractual relationship with the
Company other than as an employee or consultant. For the purpose of this Section
2.19, there shall be disregarded any interest

                                       7
<PAGE>

which arises solely from the ownership of less than a one percent (1%) equity
interest in a corporation whose stock is regularly traded on any national
securities exchange or in the over-the-counter market.

         2.19 Employees; Absence of Restrictive Agreements. To the best of the
Company's knowledge, subject to the terminations and changes mentioned in 2.17
above, (i) no officer or employee of the Company has any plans to terminate his
or her employment with the Company, (ii) no officer or employee of the Company
is subject to any secrecy or non-competition agreement or any agreement or
restriction of any kind that would impede in any way the ability of such person
to carry out fully all activities of such person in furtherance of the business
of the Company, and (iii) William Burns has a non-compete clause in his
employment contract.

         3. Representations and Warranties of the Investors. Each Investor
hereby represents and warrants, severally and not jointly, that:

         3.1 Authorization. Each Investor has full power and authority to enter
into this Agreement and that this Agreement constitutes a valid and legally
binding obligation of such Investor.

         3.2 Purchase Entirely for Own Account. This Agreement is made with each
Investor in reliance upon such Investor's representation to the Company, which
by such Investor's execution of this Agreement such Investor hereby confirms,
that the Series A Preferred Stock to be purchased by such Investor and the
Common Stock issuable upon conversion thereof (collectively, the "Securities")
will be acquired for investment for such Investor's own account, not as a
nominee or agent, and not with a view to the resale or distribution of any part
thereof, and that such Investor has no present intention of selling, granting
any participation in, or otherwise distributing the same. By executing this
Agreement, each Investor further represents that such Investor does not have any
contract, undertaking, agreement or arrangement with any person to sell,
transfer or grant participation to such person or to any third person, with
respect to any of the Securities.

         3.3 Receipt of Information. Based in part on the Company's
representations and warranties contained herein, each Investor believes it has
received all the information it considers necessary or appropriate for deciding
whether to purchase the Series A Preferred Stock. Each Investor further
represents that it has had an opportunity to ask questions and receive answers
from the Company regarding the terms and conditions of the offering of the
Series A Preferred Stock and the business, properties, prospects and financial
condition of the Company and to obtain additional information (to the extent the
Company possessed such information or could acquire it without unreasonable
effort or expense) necessary to verify the accuracy of any information furnished
to it or to which it had access. The foregoing, however, does not limit or
modify the representations and warranties of the Company in Section 2 hereof or
the right of the Investors to rely thereon.

         3.4 Investment Experience. Each Investor is experienced in evaluating
and investing in securities of companies that are not cash flow positive and
experiencing financial difficulties and acknowledges that it is able to fend for
itself, can bear the economic risk of its investment, and has such knowledge and
experience in financial and business matters that it is capable of evaluating
the merits and risks of the investment in the Series A Preferred Stock.

                                       8
<PAGE>

         3.5 Accredited Investor. Each Investor is an "accredited investor"
within the meaning of the Securities and Exchange Rule 501 of Regulation D, as
presently in effect.

         3.6 Sale of Preferred Stock.

         (a) Private sales of are Series A Preferred Stock are allowed pursuant
to compliance with applicable rules and regulations under the Securities Act. At
the Company's next registration of stock, all Preferred Shareholders who convert
their shares to Common Stock will have their shares included in a Registration
Statement.

         3.7 Restricted Stock. Each Investor understands that any Common Stock
may not be sold, transferred or otherwise disposed of without registration under
the Securities Act or an exemption therefrom, and that in the absence of an
effective registration statement covering the Common Stock or an available
exemption from registration under the Securities Act, the Common Stock must be
held. In particular, each Investor is aware that the Common Stock may not be
sold pursuant to Rule 144 promulgated under the Securities Act unless all of the
conditions of that Rule are met.

         4. Conditions of Investors' Obligations at Closing. The obligations of
each Investor under Section 1.1(b) are subject to the fulfillment on or before
the Closing of each of the following conditions, the waiver of which shall not
be effective against any Investor who does not consent in writing thereto:

         4.1 Representations and Warranties. The representations and warranties
of the Company contained in Section 2 shall be true on and as of the Closing
with the same effect as though such representations and warranties had been made
on and as of the date of the Closing.

         4.2 Performance. To the best of its knowledge, the Company shall have
performed and complied with all agreements, obligations and conditions contained
in this Agreement that are required to be performed or complied with by it on or
before the Closing.

         4.3 Qualifications. To the best of its knowledge, all authorizations,
approvals or permits, if any, of any governmental authority or regulatory body
of the United States or of any state that are required in connection with the
lawful issuance and sale of the Series A Preferred Stock pursuant to this
Agreement shall be duly obtained and effective as of the Closing.

         4.4 Forms. Any appropriate filings if necessary will be made in a
timely manner with the Delaware Secretary of State.

         4.5 Proceedings and Documents. To the best of its knowledge, all
corporate and other proceedings in connection with the transactions contemplated
at the Closing and all documents incident thereto shall be reasonably
satisfactory in form and substance to the Investors, who shall have received all
such counterpart original and certified or other copies of such documents as it
may reasonably request.

         4.6 Registration Rights Series A Preferred Stock. The Series A
Preferred Stockholders shall have no Registration Rights until they convert
their Series A Preferred Stock into common stock of the Company. In the event
that more than 75% of the Series A Preferred Stockholders

                                       9
<PAGE>

convert their Series A Preferred Stock into Common Stock, they can request a
Registration Statement for their shares of Common Stock. The Company must file
the Registration Statement within 90 days of that request (i.e., if 900,000
shares of Series A Preferred Stock are converted into 9,000,000 shares of Common
Stock, if 8,196,000 of those converted shares request a Registration Statement,
then the Company must honor that request within 90 days).

         5. Conditions of the Company's Obligations at Closing. The obligations
of the Company to each Investor under this Agreement are subject to the
fulfillment on or before the Closing of each of the following conditions by that
Investor:

         5.1 Representations and Warranties. The representations and warranties
of each Investor contained in Section 3 shall be true on and as of the Closing
with the same effect as though such representations and warranties had been made
on and as of the Closing.

         5.2 Performance. The Investor shall have performed and complied with
all agreements, obligations and conditions contained in this Agreement that are
required to be performed or complied with by the Investor on or before the
Closing.

         5.3 Qualifications. All authorizations, approvals or permits, if any,
of any governmental authority or regulatory body of the United States or of any
state that are required in connection with the lawful issuance and sale of the
Series A Preferred Stock pursuant to this Agreement shall be duly obtained and
effective as of the Closing.

         5.4 Forms. Any appropriate filings if necessary will be made in a
timely manner with the Delaware Secretary of State.

         6. Miscellaneous.

         6.1 Entire Agreement. This Agreement and the documents referred to
herein constitute the entire agreement among the parties with respect to the
subject matter hereof and no party shall be liable or bound to any other party
in any manner by any warranties, representations or covenants except as
specifically set forth herein or therein.

         6.2 Survival of Warranties. The warranties, representations and
covenants of the Company and the Investors contained in or made pursuant to this
Agreement shall survive the execution and delivery of this Agreement and the
Closing.

         6.3 Successors and Assigns. Except as otherwise provided herein, 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 (including
permitted transferees of any shares of the Series A Preferred Stock sold
hereunder or any Common Stock issued upon conversion thereof). 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.

         6.4 Governing Law. This Agreement shall be governed by and construed
under the laws of the State of New York.

                                       10
<PAGE>

         6.5 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

         6.6 Titles and Subtitles. The titles and subtitles used in this
Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

         6.7 Notices. All notices and other communications required or permitted
hereunder shall be in writing and shall be mailed by United States first-class
mail, postage prepaid, or delivered personally by hand or nationally recognized
courier or sent via facsimile addressed (1) if to an Investor, as indicated on
the list of Investors attached hereto as Schedule A, or at such other address as
such holder or permitted assignee shall have furnished to the Company in
writing, or (2) if to the Company, at the address indicated on the signature
page hereto, or at such other address as the Company shall have furnished to
each Holder in writing. All such notices and other written communications shall
be effective (a) if mailed, five (5) days after mailing, (b) if delivered, upon
delivery and (c) if sent via facsimile, upon confirmation of receipt.

         6.8 Finders' Fees. Each party represents that it neither is nor will be
obligated for any finders' fee or commission in connection with this
transaction. Each Investor agrees to indemnify and to hold harmless the Company
from any liability for any commission or compensation in the nature of a
finder's fee (and the costs and expenses of defending against such liability or
asserted liability) for which the Investor or any of its officers, employees or
representatives is responsible. The Company agrees to indemnify and hold
harmless each Investor from any liability for any commission or compensation in
the nature of a finder's fee (and the costs and expenses of defending against
such liability or asserted liability) for which the Company or any of its
officers, employees or representatives is responsible.

         6.9 Attorneys' Fees. If any action at law or in equity is necessary to
enforce or interpret the terms of this Agreement, the other Agreements or the
Restated Certificate, the prevailing party shall be entitled to reasonable
attorneys' fees, costs and disbursements in addition to any other relief to
which such party may be entitled.

         6.10 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 at least seventy
percent (75%) of the Series A Preferred Stock. Any amendment or waiver effected
in accordance with this paragraph shall be binding upon each holder of any
securities purchased under this Agreement at the time outstanding (including
securities into which such securities have been converted), each future holder
of all such securities and the Company.

         6.11 Severability. If one or more provisions of this Agreement are held
to be unenforceable under applicable law, such provision shall be excluded from
this Agreement and the balance of the Agreement shall be interpreted as if such
provision were so excluded and shall be enforceable in accordance with its
terms.

         6.12 Rights of Investors. Each holder of the Series A Preferred Stock
(and Common Stock issued upon conversion thereof) shall have the absolute right
to exercise or refrain from

                                       11
<PAGE>

exercising any right or rights that such holder may have by reason of this
Agreement or any Series A Preferred Stock, including, without limitation, the
right to consent to the waiver of any obligation of the Company under this
Agreement and to enter into an agreement with the Company for the purpose of
modifying this Agreement or any agreement effecting any such modification, and
such holder shall not incur any liability to any other holder or holders of the
Series A Preferred Stock (or Common Stock issued upon exercise thereof) with
respect to exercising or refraining from exercising any such right or rights.

         6.13 Exculpation Among Investors. Each Investor acknowledges that it is
not relying upon any person, firm or corporation, other than the Company and its
officers and directors, in making its investment or decision to invest in the
Company. Each Investor agrees that no Investor nor the respective controlling
persons, officers, directors, partners, agents or employees of any Investor
shall be liable for any action heretofore or hereafter taken or omitted to be
taken by any of them in connection with the Series A Preferred Stock (and Common
Stock issued upon conversion thereof).

         6.14 Delays or Omissions. It is agreed that no delay or omission to
exercise any right, power or remedy accruing to any party, upon any breach,
default or noncompliance by another party under this Agreement, or the
Investors' Rights Agreement shall impair any such right, power or remedy, nor
shall it be construed to be a waiver of any such breach, default or
noncompliance, or any acquiescence therein, or of or in any similar breach,
default or noncompliance thereafter occurring. It is further agreed that any
waiver, permit, consent or approval of any kind or character on any Investor's
part of any breach, default or noncompliance under this Agreement, or the
Investors' Rights Agreement or any waiver on such party's part of any provisions
or conditions of the Agreement, or the Investors' Rights 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 the Investors' Rights
Agreement by law, or otherwise afforded to any party, shall be cumulative and
not alternative.

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

                                                     COMPANY:
                                                     COMC, Inc.
                                                     a Delaware corporation

                                       12
<PAGE>

                               By
                               ------------------------------------------------
                               Name: Janice B. Fuellhart, Chairman of the Board

                                       13
<PAGE>

                       INVESTOR LIST FOLLOWS ON NEXT PAGES

<PAGE>

                         SCHEDULE A: LIST OF INVESTORS:

                                               ---------------------------------
                                               Signature & Printed Name

                                               ---------------------------------
                                               Signature & Printed Name

                                               ---------------------------------
                                               Signature & Printed Name

                                               ---------------------------------
                                               Signature & Printed Name

                                               ---------------------------------
                                               Signature & Printed Name

                                               ---------------------------------
                                               Signature & Printed Name

                      INVESTOR LIST CONTINUED ON NEXT PAGE

                                       14

<PAGE>

                                    EXHIBIT A

                                      NONE.

                                       15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}]]