Document:

ex10.13

REGISTRATION RIGHTS AGREEMENT

            This
Registration Rights Agreement (this "Agreement") is made and
entered into as of November ___, 2002 (the "Effective Date"), by
and between Nextgen Communications Corporation, a Delaware corporation (the "Company"),
the undersigned investor in the Company ("Investor"), and any
Permitted Transferee (as defined in Section 8) that executes a counterpart to
this Agreement.

            WHEREAS,
the Company and Investor are parties to that certain Subscription Agreement (so
called herein) of even date herewith. In order to induce Investor to enter into
the Subscription Agreement, the Company has agreed to provide Investor with the
registration rights set forth in this Agreement; and 

          WHEREAS,
Investor has acquired, under the terms and conditions set forth in the
Subscription Agreement, ___________ shares (the "Investor Shares")
of the common stock, $.001 par value, of the Company (the "Common Stock").

            NOW,
THEREFORE, in consideration of the foregoing premise and the mutual undertakings
and covenants made herein, and for such other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties to
this Agreement hereby agree as follows: 

          
1.       Demand Registrations.

(a) Requests for Registration. At any time
after the Effective Date, Investor (or a Permitted Transferee) may, in
accordance herewith, request registration under the Securities Act (as defined
in Section 9) of all or any portion of his Registrable Securities (as defined
in Section 9) on Form S-1 or any similar long-form registration ("Long-Form
Registrations"), or on Form S-2 or S-3 (including pursuant to Rule 415
under the Securities Act) or any similar short-form registration ("Short-Form
Registrations"), if available. All registrations requested pursuant to
this Section 1(a) are referred to herein as "Demand Registrations."
Each request for a Demand Registration shall specify the approximate number of
Registrable Securities requested to be registered and the anticipated per share
price range for such offering. 

(b) Long-Form
Registrations. Each holder of Registrable Securities shall be entitled to
request one Long-Form Registration in which the Company shall pay all
Registration Expenses (as defined in Section 5). A registration shall not count
as one of the permitted Long-Form Registrations until it has become effective.
If the requesting holder is unable to register and sell at least 90% of his
Registrable Securities requested to be included in the first Long-Form Registration
requested by him, he shall be entitled to a second Long-Form Registration,
provided that such second Long-Form Registration may not be requested within
six months of the effectiveness of the most recent Long-Form Registration
requested by he or any other holder of Registrable Securities. The Company
shall pay all Registration Expenses in connection with any registration
initiated as a Company-paid Long-Form Registration whether or not it has become
effective and whether or not such registration has counted as one of the
permitted Company-paid Long-Form Registrations. All Long-Form Registrations
shall be underwritten registrations.

(c) Short-Form
Registrations. In addition to the Long-Form Registrations provided pursuant
to Section 1(b), each holder of Registrable Securities shall be entitled to
request an unlimited number of Short-Form Registrations in which the Company
shall pay all Registration Expenses, provided that the aggregate gross proceeds
to be received by the requesting holder, holders of Registrable Securities, or
other securities exercising their "piggyback" rights granted by the Company
either herein or elsewhere in any such requested Short-Form Registration must
exceed $5,000,000. Demand Registrations shall be Short-Form Registrations whenever
the Company is permitted to use any applicable short form. The Company shall
use its best efforts to make Short-Form Registrations on Form S-3 available for
the sale of the Registrable Securities. If the Company, pursuant to the request
of any holder of Registrable Securities, is qualified to and has filed with the
Securities Exchange Commission a registration statement under the Securities
Act on Form S-3 pursuant to Rule 415 under the Securities Act (the "Required
Registration"), then the Company shall use its best efforts to cause
the Required Registration to be declared effective under the Securities Act as
soon as practicable after filing, and, once effective, the Company shall cause
such Required Registration to remain effective for a period ending on the
earlier of (i) the date on which all Registrable

 

 

 

Securities have been sold
pursuant to the Required Registration, or (ii) if the Registrable Securities
are held by an affiliate of the Company, the date as of which all Registrable
Securities could be sold within a ninety-day period under Rule 144 of the
Securities Act, or (B) if the Registrable Securities are held by a
non-affiliate of the Company, the date as of which all restrictive legends on
the share certificates representing the Registrable Securities could be removed
under Rule 144(k) of the Securities Act. 

(d) Priority on Demand
Registrations. The Company shall not include in any Demand Registration any
securities issued after the date hereof that are not Registrable Securities
without the prior written consent of the holders of a majority of the
Registrable Securities included in such registration, such consent not to be
unreasonably withheld. If a Demand Registration is an underwritten offering and
the managing underwriters advise the Company in writing that, in their opinion,
the number of Registrable Securities and, if permitted hereunder, other
securities requested to be included in such offering exceeds the number of
securities, which can be sold in an orderly manner in such offering within a
price range acceptable to the requesting holder, then the Company shall include
in such registration, the Registrable Securities and other securities requested
to be included in such registration, pro rata, among the holders of such
Registrable Securities and the holders of the other securities, on the basis of
the number of shares owned by each such holder. 

(e) Restrictions on
Demand Registrations. The Company shall not be obligated to effect any
Demand Registration unless holders of at least 200,000 shares of Registrable
Securities have requested such Demand Registration. The Company shall not be
obligated to effect any Demand Registration within 120 days after the effective
date of a previous Demand Registration or a previous registration in which the
holders of Registrable Securities were given piggyback rights pursuant to
Section 2 and in which the reduction, if any, in the number of Registrable
Securities requested to be included therein was not greater than 25%. The
Company may postpone for up to 180 days the filing or the effectiveness of a
registration statement for a Demand Registration if the Company, in good faith,
concludes that such Demand Registration would reasonably be expected to have a
material adverse effect on any proposal or plan by the Company or any of its
Subsidiaries to acquire financing, engage in any acquisition of assets (other
than in the ordinary course of business), or engage in any merger,
consolidation, tender offer, reorganization, or similar transaction; provided
that, in such event, the requesting holder shall be entitled to withdraw such
request and the Company shall pay all Registration Expenses in connection with
such registration. The Company may delay a Demand Registration hereunder only
once in any calendar year.

(f) Selection of
Underwriters. The Company shall have the right to select the investment
banker(s) and manager(s) to administer the offering, subject to the consent of
Investor, which consent shall not be unreasonably withheld.

            
2.       Piggyback Registrations.

(a) Right to Piggyback.
Whenever the Company proposes to register any of its securities (including any
proposed registration of the Company's securities by any third party) under the
Securities Act (other than in connection with registrations on form S-4, S-8 or
any successor or similar forms) and the registration form to be used may be
used for the registration of Registrable Securities, the Company shall give
prompt written notice (and in any event within ten business days after its
receipt of notice of any exercise of demand registration rights pursuant to
this or any other Agreement) to the holders of Registrable Securities of its
intention to effect such a registration, and shall include in such registration
all Registrable Securities with respect to which the Company has received
written requests for inclusion therein (a "Piggyback Registration"),
within 15 days after the receipt of the Company's notice. 

(b) Piggyback Expenses.
The Registration Expenses of the holders of the Registrable Securities shall be
paid by the Company in all Piggyback Registrations. 

(c) Priority on Primary
Registrations. If a Piggyback Registration is an underwritten primary
registration on behalf of the Company, and the managing underwriters advise the
Company in writing that, in their opinion, the number of securities requested
to be included in such registration exceeds the number which can be sold in an
orderly manner in such offering within a price range acceptable to the Company,
then the Company shall include in such registration (i) first, the securities
the Company proposes to sell, and (ii) second, the Registrable Securities and
the other securities requested to be included in such registration, pro rata,
among the holders of such Registrable Securities and the holders of the other
securities, on the basis of the number of shares owned by each such holder. 

 

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(d) Priority on
Secondary Registrations. If a Piggyback Registration is an underwritten
secondary registration on behalf of holders of the Company's securities other
than the holders of the Registrable Securities (it being understood that
secondary registrations on behalf of holders of Registrable Securities are
addressed in Section 1 above rather than this Section 2(d)), and the managing
underwriters advise the Company in writing that, in their opinion, the number
of securities requested to be included in such registration exceeds the number
which can be sold in an orderly manner in such offering within a price range
acceptable any requesting holder of the Registrable Securities, then the
Company shall include in such registration (i) first, the securities requested
to be included therein by the holders requesting such registration and (ii)
second, the Registrable Securities requested to be included in such
registration by the holders of the Registrable Securities and the other
securities requested to be included in such registration, pro rata, on the
basis of the number of shares owned by each such holder. 

(e) Selection of
Underwriters. The Company shall have the right to select the investment
banker(s) and manager(s) to administer the offering. 

3. Holdback Agreements.
The Company (i) shall not effect any public sale or distribution of its equity
securities, or any securities, options, or rights convertible into or
exchangeable or exercisable for such securities, during the seven days prior to
and during the 180-day period beginning on the effective date of any
underwritten Demand Registration or any underwritten Piggyback Registration
(except as part of such underwritten registration or pursuant to registrations
on Form S-4 or Form S-8 or any successor form), unless the underwriters
managing the registered public offering otherwise agree, and (ii) to the extent
not inconsistent with applicable law, shall cause each holder of its equity
securities, or any securities convertible into or exchangeable or exercisable
for equity securities, purchased from the Company at any time after the date of
this Agreement (other than in a registered public offering) to agree not to
effect any public sale or distribution (including sales pursuant to Rule 144)
of any such securities during such period (except as part of such underwritten
registration, if otherwise permitted), unless the underwriters managing the
registered public offering otherwise agree.

4. Registration
Procedures. Whenever a holder of Registrable Securities has requested that
any Registrable Securities be registered pursuant to this Agreement, the
Company shall use its best efforts to effect the registration and the sale of
such Registrable Securities in accordance with the intended method of
disposition thereof, and pursuant thereto, the Company shall, as expeditiously
as possible: 

(a) prepare and, within 60
days after the end of the period within which requests for registration may be
given to the Company (provided that the Company shall have an extension for any
delay caused solely by any holder of Registrable Securities or his
representatives or counsel), file with the Securities and Exchange Commission a
registration statement with respect to such Registrable Securities and use its
best efforts to cause such registration statement to become effective (provided
that, before filing a registration statement or prospectus or any amendments or
supplements thereto, the Company shall furnish to counsel for each holder of
Registrable Securities to be included in such registration copies of all such
documents proposed to be filed, which documents shall be subject to the review
and comment of counsel for same);

(b) notify in writing each
holder of Registrable Securities of the effectiveness of each registration
statement filed hereunder and prepare and file with the Securities and Exchange
Commission 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 for a period of not less than 180 days (or, if
such registration statement relates to an underwritten offering, such longer
period (up to one year) as in the opinion of counsel for the underwriters a
prospectus is required by law to be delivered in connection with sales of
Registrable Securities by an underwriter or dealer) and comply with the
provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement during such period in
accordance with the intended methods of disposition by the sellers thereof set
forth in such registration statement; 

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(c) furnish to each seller
of Registrable Securities such number of copies of such registration statement,
each amendment and supplement thereto, the prospectus included in such
registration statement (including each preliminary prospectus), and such other
documents as such seller may reasonably request in order to facilitate the
disposition of the Registrable Securities owned by such seller; 

(d) use its best efforts
to register or qualify such Registrable Securities under such other securities
or blue sky laws of such jurisdictions as any seller reasonably requests and do
any and all other acts and things which may be reasonably necessary or
advisable to enable such seller of Registrable Securities to consummate the
disposition in such jurisdictions of the Registrable Securities owned by such
seller of Registrable Securities (provided that the Company shall not be
required to (i) qualify generally to do business in any jurisdiction where it
would not otherwise be required to qualify but for this Section 4(d), (ii)
subject itself to taxation in any such jurisdiction, or (iii) consent to
general service of process in any such jurisdiction); 

(e) promptly notify in
writing each seller of such Registrable Securities, at any time when a
prospectus relating thereto is required to be delivered under the Securities
Act, of the happening of any event as a result of which the prospectus included
in such registration statement contains an untrue statement of a material fact
or omits any fact necessary to make the statements therein not misleading in
light of the circumstances under which they were made, and, at the request of
any holder of the Registrable Securities covered by such registration
statement, the Company shall promptly prepare and furnish to each such seller a
reasonable number of copies of a supplement or amendment to such prospectus so
that, as thereafter delivered to the purchasers of such Registrable Securities,
such prospectus shall not contain an untrue statement of a material fact or
omit to state any fact necessary to make the statements therein not misleading
in light of the circumstances under which they were made; 

(f) cause all such
Registrable Securities to be listed on each securities exchange on which
similar securities issued by the Company are then listed; 

(g) make available for
inspection by any underwriter participating in any disposition pursuant to such
registration statement, and any attorney, accountant, or other agent retained
by any such underwriter, all financial and other records, pertinent corporate
documents and properties of the Company, and cause the Company's officers,
directors, employees, and independent accountants to supply all information
reasonably requested by any such underwriter, attorney, accountant, or agent in
connection with such registration statement and assist and, at the request of
any participating underwriter, use reasonable best efforts to cause such
officers or directors to participate in presentations to prospective
purchasers; 

(h) in the event of the issuance of any stop order
suspending the effectiveness of a registration statement, or of any order
suspending or preventing the use of any related prospectus or suspending the
qualification of any equity securities included in such registration statement
for sale in any jurisdiction, the Company shall use its best efforts promptly
to obtain the withdrawal of such order; 

(i) use its best efforts
to cause such Registrable Securities covered by such registration statement to
be registered with or approved by such other non-foreign governmental agencies
or authorities as may be necessary to enable the sellers thereof to consummate
the disposition of such Registrable Securities; 

(j) obtain one or more
cold comfort letters, dated the effective date of such registration statement
(and, if such registration includes an underwritten public offering, dated the
date of the closing under the underwriting agreement), from the Company's
independent public accountants in customary form and covering such matters of
the type customarily covered by cold comfort letters as the holders of a
majority of the Registrable Securities being sold in such registered offering
reasonably request (provided that such Registrable Securities constitute at
least 30% of the securities covered by such registration statement); and 

(k) provide a legal
opinion of the Company's outside counsel, dated the effective date of such
registration statement (or, if such registration includes an underwritten
public offering, dated the date of the closing under the underwriting
agreement), with respect to the registration statement, each amendment and
supplement thereto, the prospectus included therein (including the preliminary
prospectus) and such other documents relating thereto in customary form and
covering such matters of the type customarily covered by legal opinions of such
nature. 

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5.       Registration Expenses.

(a) Subject to Section
5(b) below, all expenses incident to the Company's performance of or compliance
with this Agreement, including all registration and filing fees, fees and expenses
of compliance with securities or blue sky laws, printing expenses, travel
expenses, filing expenses, messenger and delivery expenses, fees and
disbursements of custodians, and fees and disbursements of counsel for the
Company, and fees and disbursements of all independent certified public
accountants, underwriters including, if necessary, a "qualified independent
underwriter" within the meaning of the rules of the National Association of
Securities Dealers, Inc. (in each case, excluding discounts and commissions),
and other Persons (as defined in Section 9) retained by the Company or by
holders of Registrable Securities or their affiliates on behalf of the Company
(all such expenses being herein called "Registration Expenses"),
shall be borne as provided in this Agreement, except that the Company shall, in
any event, pay its internal expenses (including all salaries and expenses of
its officers and employees performing legal or accounting duties), the expense
of any annual audit or quarterly review, the expense of any liability
insurance, and the expenses and fees for listing the securities to be
registered on each securities exchange on which similar securities issued by
the Company are then listed or on the NASD automated quotation system (or any
successor or similar system). 

(b) In connection with
each Demand Registration and each Piggyback Registration, the holders of
Registrable Securities included in such registration shall be responsible for
all fees and disbursements of any counsel employed by same. 

(c) To the extent
Registration Expenses are not required to be paid by the Company, each holder
of securities included in any registration hereunder shall pay those
Registration Expenses allocable to the registration of such holder's securities
so included, and any Registration Expenses not so allocable shall be borne by
all sellers of securities included in such registration in proportion to the
aggregate selling price of the securities to be so registered. 

            6.            Indemnification.

(a) The Company agrees
to indemnify and hold harmless, to the fullest extent permitted by law, each
holder of Registrable Securities, its officers, directors, agents, and
employees, and each Person who controls such holder (within the meaning of the
Securities Act) against all losses, claims, damages, liabilities, and expenses
(or actions or proceedings, whether commenced or threatened, in respect
thereof), whether joint and several or several, together with reasonable costs
and expenses (including reasonable attorney's fees) to which any such
indemnified party may become subject under the Securities Act or otherwise
(collectively, "Losses") caused by, resulting from, arising out
of, based upon, or relating to any untrue or alleged untrue statement of
material fact contained in (i) (A) any registration statement, prospectus or
preliminary prospectus, or any amendment thereof or supplement thereto or (B)
any application or other document or communication (in this Section 6,
collectively called an "application") executed by or on behalf of the Company
or based upon written information furnished by or on behalf of the Company
filed in any jurisdiction in order to qualify any securities covered by such
registration under the "blue sky" or securities laws thereof or (ii) any
omission or alleged omission of a material fact required to be stated therein
or necessary to make the statements therein not misleading, and the Company
will reimburse such holder and each such director, officer, and controlling
Person for any legal or any other expenses incurred by them in connection with
investigating or defending any such Losses; provided that the Company shall not
be liable in any such case to the extent that any such Losses result from,
arise out of, are based upon, or relate to an untrue statement or alleged
untrue statement, or omission or alleged omission, made in such registration
statement, any such prospectus, or preliminary prospectus or any amendment or
supplement thereto, or in any application, in reliance upon, and in conformity
with, any information furnished to the Company by any holder for use therein or
by such holder's failure to deliver a copy of the registration statement or
prospectus or any amendments or supplements thereto after the Company has
furnished such holder with a sufficient number of copies of the same.  

 

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(b) In connection with any
registration statement in which a holder of Registrable Securities is
participating, each such holder will furnish to the Company in writing such
information and affidavits as the Company reasonably requests for use in
connection with any such registration statement or prospectus and, to the
fullest extent permitted by law, shall severally and not jointly indemnify and
hold harmless the other holders of Registrable Securities and the Company, and
their respective officers, directors, agents, and employees, and each other
Person who controls the Company (within the meaning of the Securities Act)
against any Losses caused by, resulting from, arising out of, based upon, or
relating to (i) any untrue or alleged untrue statement of material fact
contained in the registration statement, prospectus or preliminary prospectus,
or any amendment thereof or supplement thereto or in any application, or (ii)
any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading, but only to
the extent that such untrue statement or omission is made, or used to make an
untrue statement or omission, in such registration statement, any such prospectus
or preliminary prospectus or any amendment or supplement thereto, or in any
application in reliance upon and in conformity with information prepared and
furnished to the Company by such holder expressly for use therein, and such
holder will reimburse the Company and each such other indemnified party for any
legal or any other expenses incurred by them in connection with investigating
or defending any such Losses; provided that the obligation to indemnify will be
individual, not joint and several, for each holder.

            (c)
Any Person entitled to indemnification hereunder will (i) give prompt written
notice to the indemnifying party of any claim with respect to which it seeks
indemnification (provided that the failure to give prompt notice shall not
impair any Person's right to indemnification hereunder to the extent such
failure has not prejudiced the indemnifying party) 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,
then the indemnifying party will not be subject to any liability for any
settlement made by the indemnified party without its consent (but such consent
will 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. 

(d) The indemnification
provided for under this Agreement shall be in addition to any other rights to
indemnification or contribution which any indemnified party may have pursuant
to law or contract, and will remain in full force and effect regardless of any
investigation made or omitted by or on behalf of the indemnified party or any
officer, director, or controlling Person of such indemnified party and shall
survive the transfer of securities.

 

           7.             Participation in
Underwritten Registrations.

(a) No Person may
participate in any underwritten registration hereunder unless such Person (i)
agrees to sell such Person's securities on the basis provided in any
underwriting arrangements approved by the Person or Persons entitled hereunder
to approve such arrangements (including pursuant to the terms of any
over-allotment or "green shoe" option requested by the managing underwriter(s),
provided that no holder of Registrable Securities will be required to sell more
than the number of Registrable Securities that such holder has requested the
Company to include in any registration) and (ii) completes and executes all
questionnaires, powers of attorney, indemnities, underwriting agreements, and
other documents reasonably required under the terms of such underwriting
arrangements; provided that no holder of Registrable Securities included in any
underwritten registration shall be required to make any representations or
warranties to the Company or the underwriters (other than representations and
warranties regarding such holder and such holder's intended method of
distribution) or to undertake any indemnification obligations to the Company or
the underwriters with respect thereto, except as otherwise provided in Section
6 hereof. 

(b) Each Person that is
participating in any registration hereunder agrees that, upon receipt of any
notice from the Company of the happening of any event of the kind described in
Section 4(e) above, such Person will immediately discontinue the disposition of
its Registrable Securities pursuant to the registration statement until such
Person's receipt of the copies of a supplemented or amended prospectus as
contemplated by Section 4(e). In the event the Company shall give any such
notice,

 

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the applicable time period mentioned in Section 4(b) during which a
Registration Statement is to remain effective shall be extended by the number
of days during the period from and including the date of the giving of such
notice pursuant to this Section 7(b) to and including the date when each seller
of a Registrable Security covered by such registration statement shall have
received the copies of the supplemented or amended prospectus contemplated by
Section 4(e). 

          8.        
Permitted Transferees. The
rights granted hereunder which attach to the Registrable Securities shall be
assignable by Investor, and provided each such assignee (each, a "Permitted
Transferee") becomes a party to this Agreement by executing a
counterpart signature page hereto, he shall succeed to all of the rights and
obligations of a holder of the Registrable Securities under this Agreement,
and, upon such execution, such person shall for all purposes hereof be a holder
of Registrable Securities and party to this Agreement. 

           
9.           Definitions.

(a)  "Registrable Securities" means
(i) the Investor Shares or any Common Stock issued or issuable with respect to
the Investor Shares by way of a stock dividend or stock split or in connection
with a combination of shares, recapitalization, merger, consolidation or other
reorganization; and (ii) any shares of Common Stock held by any Permitted
Transferee holding securities described in clause (i) above. As to any
particular Registrable Securities, such securities shall cease to be Registrable
Securities when they (i) have been distributed to the public pursuant to an
offering registered under the Securities Act or sold to the public through a
broker, dealer, or market maker in compliance with Rule 144 under the
Securities Act (or any similar rule then in force), (ii) have been effectively
registered under a registration statement, or (iii) have been repurchased by
the Company. 

            (b)  "Person" means a natural
person, a company or other entity, or a governmental subdivision or agency.

(c)  "Securities Act" means the
Securities Act of 1933, as amended, or any successor federal law then in force,
together with all rules and regulations promulgated thereunder. 

            10.         Miscellaneous.

(a)  No Inconsistent Agreements. The
Company shall not hereafter enter into any agreement with respect to its
securities, which is inconsistent with or violates the rights granted to the
holders of Registrable Securities in this Agreement. 

(b) Adjustments
Affecting Registrable Securities. The Company shall not take any action, or
permit any change to occur, with respect to its securities which would
adversely affect the ability of the holders of Registrable Securities to
include such Registrable Securities in a registration undertaken pursuant to this
Agreement or which would adversely affect the marketability of such Registrable
Securities in any such registration (including effecting a stock split or a
combination of shares). 

(c) Remedies. Any
Person having rights under any provision of this Agreement shall be entitled to
enforce such rights specifically to recover damages caused by reason of any
breach of any provision of this Agreement and to exercise all other rights
granted by law. The parties hereto agree and acknowledge that money damages may
not be an adequate remedy for any breach of the provisions of this Agreement
and that any party may in its sole discretion apply to any court of law or
equity of competent jurisdiction (without posting any bond or other security)
for specific performance and for other injunctive relief in order to enforce or
prevent violation of the provisions of this Agreement. Nothing contained in
this Agreement shall be construed to confer upon any Person who is not a
signatory hereto any rights or benefits, whether as a third-party beneficiary
or otherwise.  

(d) Amendments and
Waivers. Except as otherwise provided herein, no modification, amendment,
or waiver of any provision of this Agreement shall be effective against the
Company or the holders of Registrable Securities unless such modification,
amendment, or waiver is approved in writing by the Company and the holders of
at least 80% of the Registrable Securities then in existence. No failure by any
party to insist upon the strict performance of any covenant, duty, agreement,
or condition of this Agreement or to exercise any right or remedy consequent
upon a breach thereof shall constitute a waiver of any such breach or any other
covenant, duty, agreement, or condition. 

 

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(e) Successors and
Assigns. All covenants and agreements in this Agreement by or on behalf of
any of the parties hereto shall bind and inure to the benefit of the respective
successors and assigns of the parties hereto whether so expressed or not. In
addition, whether or not any express assignment has been made, the provisions
of this Agreement which are for the benefit of purchasers or holders of
Registrable Securities are also for the benefit of, and enforceable by, any
subsequent holder of Registrable Securities. Notwithstanding the foregoing, in order
to obtain the benefit of this Agreement, any subsequent holder of Registrable
Securities must execute a counterpart to this Agreement, thereby agreeing to be
bound by the terms hereof. 

(f) Severability.
Whenever possible, each provision of this Agreement shall be interpreted in
such manner as to be effective and valid under applicable law, but if any
provision of this Agreement is held to be prohibited by or invalid under
applicable law, such provision shall be ineffective only to the extent of such
prohibition or invalidity, without invalidating the remainder of this
Agreement. 

(g) Counterparts.
This Agreement may be executed simultaneously in two or more counterparts,
including by facsimile signature, any one of which need not contain the
signatures of more than one party, but all such counterparts taken together
shall constitute one and the same Agreement. 

(h) Descriptive
Headings. The descriptive headings of this Agreement are inserted for
convenience only and do not constitute a substantive part of this Agreement.
Whenever required by the context, any pronoun used in this Agreement shall
include the corresponding masculine, feminine, or neuter forms, and the
singular form of nouns, pronouns, and verbs shall include the plural and vice
versa. The use of the word "including" in this Agreement shall be, in each
case, by way of example and without limitation. The use of the words "or,"
"either," and "any" shall not be exclusive. Reference to any agreement,
document, or instrument means such agreement, document, or instrument as
amended or otherwise modified from time to time in accordance with the terms
thereof, and if applicable hereof. 

(i) Governing Law.
All issues and questions concerning the construction, validity, interpretation,
and enforcement (including issues and questions concerning the relative rights
of the Company and its stockholders) of this Agreement and the exhibits and
schedules hereto shall be governed by, and construed in accordance with, the
laws of the State of Delaware, without giving effect to any choice of law or
conflict of law rules or provisions (whether of the State of Delaware or any
other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of Delaware. Venue for any legal action
arising hereunder shall be exclusively in Harris County, Texas. 

(j) Notices. All
notices, demands, or other communications to be given or delivered under or by
reason of the provisions of this Agreement shall be in writing and shall be
deemed to have been given when delivered personally to the recipient, sent to
the recipient by reputable overnight courier service (charges prepaid) or
mailed to the recipient by certified or registered mail, return receipt
requested and postage prepaid. Such notices, demands, and other communications
shall be sent to each holder of Registrable Securities at the addresses
indicated on the Schedule of Holders and to the Company at the address of its
corporate headquarters or to such other address or to the attention of such
other person as the recipient party has specified by prior written notice to
the sending party. 

(k) Entire Agreement.
This Agreement, those documents expressly referred to herein and other
documents of even date herewith embody the complete agreement and understanding
among the parties and supersede and preempt any prior understandings,
agreements or representations by or among the parties, written or oral, which
may have related to the subject matter hereof in any way. 

(l) No Strict
Construction. The parties hereto have participated jointly in the
negotiation and drafting of this Agreement. In the event an ambiguity or
question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by the parties hereto, and no presumption or burden of
proof shall arise favoring or disfavoring any party by virtue of the authorship
of any of the provisions of this Agreement.

8

 

(m) Waiver of Right
to Jury Trial. Each Party hereto expressly waives any and all rights to a
trial by jury in any action, proceeding or counterclaim (whether based on
contract, tort, or otherwise) arising out of or relating to this Agreement or
any of the transactions contemplated hereby. 

[Remainder of page intentionally left blank.]

 

 

 

 

 

  

9

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

COMPANY:

NEXTGEN COMMUNICATIONS CORPORATION

By:                                                                  

Name:                                                             

Title:                                                                 

 

  

 

INVESTOR:

 

                                                                        

Printed Name of Investor

                                                                       

Signature of Investor

Name of signatory (for entities only):                                         

Title (for entities only):                                                               

 

 

 

10ex10.14

 

VOID AFTER 5:00 P.M., EASTERN TIME,

ON NOVEMBER ___, 2007

 

THIS WARRANT AND THE SHARES OF COMMON STOCK UNDERLYING THIS WARRANT
(COLLECTIVELY, THE "SECURITIES") HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, ASSIGNED OR OTHERWISE
TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION UNDER SUCH ACT OR IN A
TRANSACTION THAT, IN THE OPINION OF COUNSEL TO NEXTGEN COMMUNICATIONS
CORPORATION, QUALIFIES AS AN EXEMPT TRANSACTION UNDER SUCH ACT AND THE RULES AND
REGULATIONS PROMULGATED THEREUNDER.

NEXTGEN COMMUNICATIONS CORP.

COMMON STOCK PURCHASE WARRANT

No. 11/  /02-                                                                                                                    ________ Warrant Shares

                NEXTGEN
COMMUNICATIONS CORPORATION, a Delaware corporation (the "Company"), hereby
certifies that ________________ (the "Initial Holder"), is entitled, subject to
the terms set forth below, to purchase from the Company, ____________ shares
(the "Warrant Shares") of fully paid and non-assessable Common Stock of the
Company, par value $.001 per share, at a purchase price of One Dollar ($1.00)
per Warrant Share, subject to adjustment from time to time pursuant to Section
3 hereof (the "Purchase Price"). The term "Common Stock" means, unless the
context otherwise requires, the Company's Common Stock, par value $.001 per
share, or other securities or property at the time deliverable upon the
exercise of this Warrant.

                1.             Exercise.

                1.1           Timing of Exercise. This
Warrant shall be exercisable in whole or in part from time to time commencing
as of the date hereof and expiring at 5:00 P.M., Central time, on November ___,
2007 (the "Expiration Date"), and may not be exercised thereafter.

               1.2           Manner of Exercise. The
purchase rights evidenced by this Warrant shall be exercised by the Initial
Holder or any person permitted by Section 6.1 herein (collectively, "the
Holder"), by surrendering this Warrant, with the Notice of Exercise in the form
of Exhibit A hereto duly executed by the Holder, to the Company at its
principal office (or such other office as may be designated by the Company to
the Holder), accompanied by payment (in cash, by wire transfer or by certified
or official bank check or checks) of the Purchase Price. In lieu of a monetary
payment for the applicable Exercise Price, the Holder may elect to receive,
without the payment of any additional consideration, shares of Common Stock
equal to the net value of its Warrant Shares or portion thereof by the
surrender of such Warrant to the Company with the net issuance election marked
in the Notice of Exercise. Thereupon, the Company shall issue to the Holder,
such number of fully paid and nonassessable shares of Common Stock as is
computed using the following formula:

                                                                X
= Y(A-B) /A

                                                                                 

where X = the number of shares of Common Stock to be issued to the
Holder pursuant to this Section 1.2.

                                 

	Y=	the number of Warrant Shares in
respect of which the net issuance election is made pursuant to this Section
1.2.
	A
    =	the average closing price of one share
of Common Stock for the last five (5) trading days immediately preceding
the date of the notice of election is given pursuant to this Section 1.2, which
closing price shall be the last sale price regular way or if no reported last
sale price regular way for such, the last high bid price, in either case on the
principal national securities, automated stock quotation system or other
trading system on which the Common Stock is then listed.

                                 

 

	B = 	the applicable Exercise Price in effect
at the time the net issuance election is made pursuant to this Section 1.2.

                1.3           Partial Exercise. This Warrant
may be exercised for less than the full number of Warrant Shares, in which case
the number of shares of Common Stock receivable upon the exercise of this
Warrant as a whole, and the sum payable upon the exercise of this Warrant as a
whole, shall be proportionately reduced. Upon any such partial exercise, the
Company at its expense will forthwith issue to the Holder a new Warrant or
Warrants of like tenor calling for the number of Warrant Shares as to which
rights have not been exercised, such Warrant or Warrants to be issued in the
name of the Holder.

                2.             Delivery of Stock Certificates
Upon Exercise. As soon as practicable after the exercise of this Warrant,
and in any event within ten (10) days thereafter, the Company, at its expense,
will cause to be issued in the name of and delivered to the Holder a
certificate or certificates for the number of fully paid and non-assessable
shares of Common Stock to which the Holder shall be entitled upon such
exercise. Any shares of Common Stock as to which this Warrant is exercised
shall be deemed issued on and as of the date of such exercise, and the Holder
shall thereupon be deemed to be the owner of record of such shares.

                3.             Anti-Dilution Adjustments.

                3.1           Change in Capitalization. In
case of any stock split, stock dividend or similar transaction which increases
or decreases the number of outstanding shares of Common Stock, appropriate
adjustment shall be made by the Board of Directors of the Company to the number
of Warrant Shares, and the Purchase Price per Warrant Share, of Common Stock
which may be purchased under this Warrant.

                3.2           Consolidation, Merger and Sale of
Assets. In the case of a merger, sale of assets or similar transaction
which results in a replacement of the Company's shares of Common Stock with
stock of another corporation, the corporation formed by such consolidation or
the corporation into which the Company shall have been merged or the
corporation which shall have acquired such assets, as the case may be, shall
execute and deliver to the Holder a certificate stating that the Holder shall
have the right thereafter to exercise this Warrant in exchange for the kind and
amount of shares of stock or other securities or property receivable upon such
consolidation, merger, sale or transfer by a holder of the number of shares of
Common Stock into which this Warrant might have been converted immediately
prior to such consolidation, merger, sale or transfer, subject to adjustment as
provided hereinabove, provided that the consideration to the stockholders of
the Company on such transactions consists in whole or in part of securities of
the other corporation. The provisions of this Section shall similarly apply to
successive consolidations, mergers, sales or transfers.

                3.3           Exchanges and Distributions With
Respect to Common Stock. If the Company shall exchange for its Common Stock
or distribute with respect to its Common Stock other securities issued by it,
the Company shall give notice thereof to the Holder, and the Holder shall have
the right thereafter (until the expiration of this Warrant) to exercise this
Warrant for the kind and amount of shares of stock and other securities
retained or received by a holder of the number of shares of Common Stock of the
Company into which this Warrant might have been converted immediately prior to
such exchange or distribution, subject to adjustment as provided hereinabove.

                3.4           Officer's Certificate.
Whenever the Purchase Price per Warrant Share or the number of shares of Common
Stock subject to this Warrant is adjusted, the Company shall promptly mail to
the Holder of this Warrant a notice of adjustment, which notice shall include a
brief statement of the facts requiring the adjustment and the manner of
computing it and shall be certified by the chief financial officer of the
Company. The determination of the adjustment shall be made by the Company in
its sole discretion and shall be final and binding upon the Holder.

                4.             Shares to Be Fully Paid;
Reservation of Capital Stock Issuable Upon Exercise of Warrants. The
Company covenants and agrees that any shares of Common Stock issued hereunder
will, upon issuance, be fully paid and non-assessable and free from all taxes,
liens and charges with respect to the issuance thereof. The Company shall at all
times reserve and keep available out of its authorized but unissued capital
stock, solely for the issuance and delivery upon the exercise of this Warrant,
such number of its duly authorized shares of Common Stock as from time to time
shall be issuable upon the exercise of this Warrant.

                5.             Fractional Shares. The
Company shall not issue fractions of shares of Common Stock upon exercise of
this Warrant or scrip in lieu thereof. If any fraction of a share of Common
Stock would, except for the provisions of this

 

2

 

 Section 5, be issuable
upon exercise of this Warrant, then the number of shares of Common Stock to be
issued shall be rounded up or down to the nearest whole share.

                6.             Transfer Restrictions

6.1           Transfer.
A Holder, including the Initial Holder or any subsequent Holder, may transfer
this Warrant only under the following conditions: (a) the such proposed
transfer complies, in the opinion of the Company's counsel, with federal and
state securities laws; and (b) the proposed transferee agrees in writing to be
bound by the terms of this Warrant, and the proposed transferee executes such
other instruments of assignment and agreements as the Company reasonably
requests.  Prior to any such transfer,
the Holder must deliver the Assignment Form in the form of Exhibit B
hereto and provide information to the Company, in writing, regarding the
proposed transferee sufficient for the Company to determine the eligibility of
such transferee under this Section 6.

                6.2           Securities Laws. The Holder of
this Warrant, by accepting delivery of the same, hereby:

(a)           represents and
warrants that the Holder is an "accredited investor", as such term is defined
by Rule 501(a), promulgated under the Securities Act of 1933, as amended;

(b)           acknowledges
neither this Warrant, nor any shares of Common Stock issued to Holder pursuant
to the exercise of this Warrant, has been registered under the Securities Act
of 1933, as amended (the "Securities Act"), at the time issuance;

(c)           represents and
warrants that this Warrant is being acquired by Holder for investment and not
with a view to the sale or other distribution thereof within the meaning of the
Securities Act, and Holder has no present intention of selling or otherwise
disposing of all or any portion of this Warrant or the rights granted hereby.

(d)           acknowledges that this Warrant and
any Warrant Shares issued hereby constitute "restricted securities" under the
Securities Act, and accordingly may not be offered, sold, or otherwise
transferred unless and until registered under the Securities Act or, in the
opinion of counsel or by other evidence in form and substance reasonably
satisfactory to Nextgen, such offer, sale, or transfer, is in compliance
therewith;

(e)           agrees that, upon the exercise of
this Warrant, it shall make the customary representations and warranties as may
be requested by counsel to the Company in order for the Company to properly
rely upon Section 4(2) of the Securities Act regarding exemption from
registration thereunder, and, in connection with such exemption, that any
certificates representing shares of Common Stock issued pursuant to this
Warrant would reflect an appropriate legend regarding restrictions upon
transferability; and

(f)            agrees to indemnify the Company, and
hold it harmless from and against, any and all losses, expenses (including
attorneys' fee), costs and damages arising form or relating to any violation of
applicable state securities or "blue sky" laws in connection with the issuance,
sale, delivery or exercise of this Warrant and the issuance, sale and delivery
of shares of Common Stock upon any exercise of this Warrant.

                7.             Registration Under the
Securities Act of 1933.

                7.1           Piggy-Back Rights.

                                (a)           If at any time prior to the
Expiration Date the Company proposes to register shares of its Common Stock
under the Securities Act on behalf of any stockholder on any form for the
registration (the "Registration Statement") of securities under the Securities
Act (other than a registration relating to (i) a registration of a stock
option, stock purchase or compensation or incentive plan or of stock issued or
issuable pursuant to any such plan, or a dividend investment plan; (ii) a
registration of securities proposed to be issued in exchange for securities or
assets of, or in connection with a merger or consolidation with, another
corporation; or (iii) a registration of securities proposed to be issued in
exchange for other securities of the Company) 
in a manner which would permit registration of the Warrant Shares for
sale to the public under the Securities Act (a "Piggyback Registration"), it
will at such time give prompt written notice to the Holder of its intention to
do so and of the Holder's rights under this Section 7.1. Such right is referred
to hereinafter as "Piggyback Registration Right". Upon the written request of
the Holder to the Company (which request shall specify the number of Warrant
Shares intended to be disposed of by the Holder and the intended method of
disposition thereof) received by the Company within twenty (20) days

 

3

 

after the
giving of any such notice by the Company, the Company will include in the
Registration Statement the Warrant Shares which the Company has been so
requested to register by the Holder, provided that the Company's obligation
shall continue after exercise of the Warrants, but it need not include any
Warrant Shares in a Registration Statement filed after the Expiration Date.

                                (b)           The Holder may elect in writing, not
later than three (3) business days prior to the effectiveness of the Piggyback
Registration not to have his Warrant Shares so included in connection with such
Registration Statement.

                                (c)           In the event the securities in the
Registration Statement are to be underwritten, the Company shall not be
required to include any of the Holder's Warrant Shares in the Registration
Statement unless the Holder accepts the terms of the underwriting as agreed
upon between the Company and the underwriters selected by it and the other
stockholders. If in the opinion of the managing underwriter, the registration
of all or a part of the Warrant Shares which the Holder has requested to be
included in the Registration Statement would adversely affect such public
offering, then, (i) the Company shall be required to include in the
underwriting only the number of Warrant Shares, if any, which the managing
underwriter believes may be sold without causing such adverse effect, and the
number of Warrant Shares that may be included in such Registration Statement
shall be allocated among all selling stockholders requesting to participate in
such Registration Statement in proportion (as nearly as practicable) to the
amount of shares of Common Stock owned by each selling stockholder (including
the Holder), or (ii) the Company may require the selling stockholders
(including the Holder) to delay any offering of the Warrant Shares for a period
of up to ninety (90) days from the effective date thereof.

                                (d)           The Piggyback Registration Right
under this Section 7 is the only right granted by the Company to the Holder to
include the Warrant Shares in a Registration Statement.

                7.2
          Obligations of the Company.

                                 (a)           The Company shall comply with the
requirements of this Section 7 at its own expense. That expense shall include,
but not be limited to, legal, accounting, consulting, printing, federal and
state filing fees, NASD fees, out-of-pocket expenses incurred by counsel,
accountants and consultants retained by the Company, and miscellaneous expenses
directly related to the Registration Statement and the offering. However, this
expense shall not include the portion of any underwriting or broker
commissions, transfer taxes and any underwriter's accountable and
nonaccountable expense allowances attributable to the offer and sale of the
Warrant Shares or the fees and expenses of counsel to the Holder, all of which
expenses shall be borne by the Holder of this Warrant. The Company shall
include in the Piggyback Registration, and the prospectus included therein, all
information and materials necessary or advisable to comply with the applicable
statutes and regulations so as to permit the public sale of the Warrant Shares
by the Holder.

                                (b)           The Company shall supply to the
Holder a reasonable number of copies of the preliminary, final or other
prospectus (the "Prospectus"), all prepared in conformity with the requirements
of the Securities Act and the rules and regulations promulgated thereunder, and
such other documents as the Holder shall reasonably request.

                                (c)           The Company shall cooperate with
respect to (i) all necessary or advisable actions relating to the preparation
and the filing of the Piggyback Registration and arising from the provisions of
this Section 7, (ii) all reasonable efforts to establish an exemption from the
provisions of the Securities Act or any other federal or state securities
statutes, (iii) all necessary or advisable actions to register or qualify the
public offering at issue pursuant to federal securities statutes and the state
"blue sky" securities statutes of each jurisdiction that the Holder shall
reasonably request, and (iv) all other necessary or advisable actions to enable
the Holder to complete the contemplated disposition of the Warrant Shares in
each reasonably requested jurisdiction.

                               (d)           The Company shall keep the
Registration Statement to which this Section 7 applies, and all amendments
thereto, effective and current under the Securities Act for a period ending not
sooner than ninety (90) days after its initial effective date (excluding any
lock-up period) and cooperate with respect to all necessary or advisable
actions to permit the completion of the public sale or other disposition of the
Warrant Shares included therein.

 

4

 

                               (e)           The Company shall indemnify and hold
harmless the Holder and each underwriter within the meaning of the Securities
Act from and against all losses, claims, damages, and liabilities, including,
but not limited to, reasonable attorneys' fees and any and all expenses
reasonably incurred in investigating, preparing, defending or settling any
claim, arising from or relating to (i) any untrue or alleged untrue statement
of a material fact contained in the Registration Statement to which this
Section 7 applies, or (ii) any omission or alleged omission to state a material
fact necessary to make the statements contained in the Registration Statement
to which this Section 7 applies not misleading; provided, however, that the
indemnification continued in this clause shall not apply if the untrue
statement or omission, or alleged untrue statement or omission, was the result
of information furnished in writing to the Company by the Holder or underwriter
seeking indemnification expressly for use in the Registration Statement at
issue or was the result of oral representations made by the Holder or any
underwriter in connection with the sale of the Warrant Shares.

                7.3           Obligations of the Holder.

                                (a)           The Company's obligations contained
in this Section 7 shall be conditioned upon a timely receipt by the Company in
writing of the following:

                                                (i)            Information as to the terms of the
contemplated public offering furnished by and on behalf of the Holder intending
to make a public distribution of Warrant Shares; and 

                                                (ii)           Such other information as the Company
may reasonably require from the Holder, for inclusion in the Piggyback
Registration.

                                (b)           The Holder shall indemnify the Company and its officers,
directors and agent and any other selling stockholders and underwriter with
respect to an untrue statement of material fact or omission of material fact
which was the result of information furnished in writing to the Company by the
Holder and which was included in the Registration Statement.

                                (c)           The Holder acknowledges that the
Company, shall have no obligation to include the Warrant Shares in any
Piggyback Registration if the requested Warrant Shares then can be publicly
sold pursuant to Rule 144 under the Securities Act.

                                 (d)           The Holder represents and agrees:

                                                (i)
           that until such time as the
Holder shall have completed the distribution of his Warrant Shares covered by
the Registration Statement or until the remaining portion of such Warrant
Shares shall have been de-registered: (A) to abide by the anti-manipulative
rules under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), including provisions of Regulation M as presently in effect or as
hereafter amended, promulgated under the Exchange Act; and (B) to effect no
transaction for the purpose of stabilizing the price of the Common Stock;
"stabilizing" is defined in Regulation M; and

                                                (ii)
          that upon written notification
from the Company that the final or other Prospectus to the Registration
Statement is in need of revision, or upon advice of counsel that no offers or
sales should then be made under the Registration Statement, (A) to cease to
offer or sell any Warrant Shares which must be accompanied by such Prospectus,
(B) to return all such Prospectuses to the Company, if requested, and (C) not
to offer or sell any Warrant Shares until provided with a current Prospectus
and the Company has given notification to resume offers and sales; provided,
that the Company shall use its best efforts to amend or supplement or to
reinstate the Registration Statement, as appropriate, as promptly as
practicable, and to provide the Holder with amended or supplemented
Prospectuses so offers and sales of the Warrant Shares may be resumed.

                8.             Replacement of Warrant.  Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant and (in the case of loss, theft or destruction) upon delivery of
an indemnity agreement, and if requested by the Board of Directors, a bond in
an amount reasonably satisfactory to it, or (in the case of mutilation) upon
surrender and cancellation hereof, the Company will issue in lieu thereof a new
Warrant of like tenor.

               9.             Rights as a Warrant Holder.  The Holder shall not, by virtue hereof, be
entitled to any rights of a stockholder in the Company, either at law or equity
except with respect to certificates representing Warrant Shares issued

 

5

 

upon exercise
of this Warrant. The rights of the Holder are limited to those expressed in
this Warrant and are not enforceable against the Company except to the extent
set forth herein. Prior to due presentment for transfer of this Warrant, the
Company may deem and treat the Holder as the absolute owner of this Warrant for
purposes of any exercise hereof and for all other purposes and such right of
the Company shall not be affected by any notice to the contrary.

                10.           Subdivision of Rights.  This Warrant (as well as any new warrant
issued pursuant to the provisions of this Section) is exchangeable upon the
surrender hereof by the Holder at the principal office of the Company for any
number of new warrants of like tenor and date representing in the aggregate the
right to subscribe for and purchase the Warrant Shares.

                11.           Sending of Notices.  All notices and other communications with
respect to this Warrant shall be in writing and sent by express mail or courier
service or by personal delivery, if to the Holder, to the address set forth at
the end of this Warrant, and if to the Company, to 11850 Jones Road, Houston,
Texas 77070, or to such other address as either party hereto may duly give to
the other.

                12.
          Headings. The headings in
this Warrant are for purposes of reference only and shall not limit or
otherwise affect the meaning of the terms hereof.

                13.           Change, Waiver, Discharge or
Termination. This Warrant sets forth the entire agreement between the
Company and the Holder with respect to the matters herein. Neither this Warrant
nor any term hereof may be changed, waived, discharged or terminated orally,
but only by an instrument in writing signed by the party against which
enforcement of the change, waiver, discharge or termination is sought. The
Company shall not amend any other Warrant issued as part of this Series to make
terms thereunder more favorable to the Holder thereof without offering the same
amended terms to the Holder hereof.

                14.           Governing Law. This Warrant
shall be governed by, and construed in accordance with, the laws of the State
of Delaware.

	The Initial Holder:  	The
Company:
	 	NEXTGEN
COMMUNICATIONS CORP.
	________________________________	 
	Name:                                                            	 
	 	By:_______________________________ 

    Name:
                                                                

    Title:
                                                                     
	 	 
	 	 
	 	 
	Dated:    November
___, 2002	 

 

6

 

EXHIBIT A

NOTICE OF EXERCISE

 

(To be executed by a Holder desiring to
exercise the right to purchase Warrant Shares pursuant to a Warrant.)

The undersigned Holder of a Warrant hereby:

                 (a)           Irrevocably elects to exercise the Warrant
to the extent of purchasing ________ Warrant Shares;

                 (b)           Tenders herewith payment of the
Exercise Price for those Warrant Shares in full in the form of (i) a wire
transfer, a certified or bank draft in the amount of $______, or (ii)
___________ shares of Common Stock as determined by the formula set forth in
Section 1.2 of the Warrant;

                (c)           Requests that a certificate for such
Warrant Shares be issued in the name of the undersigned, or, if the name and
address of some other person is specified below, in the name of such other
person (the Company shall not be obligated to issue the Warrant Shares in a
name other then the Holder's if, in the opinion of the Company's counsel, such
issuance would not comply with the federal or state securities laws or the
terms of this Warrant):

                ________________________________________

                ________________________________________

                ________________________________________

                (Name
and address of person other than the undersigned

                 
in whose name Warrant Shares are to be registered.)

                (d)           Requests, if the number of Warrant
Shares purchased are not all the Warrant
Shares purchasable pursuant to the
unexercised portion of the Warrant, that a new Warrant of like tenor for the
remaining Warrant Shares
purchasable pursuant to the Warrant be issued and delivered to the undersigned
at the address stated below.

 

	Dated:______________________     	 	 Signature:
	 	 	 (This
signature must conform in all respects to the name of the Holder as specified
on the face of the Warrant.)
	 	 	 
	
    
 

    	 	
    
 

    
	Social Security Number or

  Employer ID Number	 	Printed
Name 
	 	 	 
	 	 	Address:                                                       
    
	 	 	            
                                                           
    

 

 

Stock Warrant No.: 11/19/02-                

7

 

EXHIBIT B

ASSIGNMENT FORM

 

FOR VALUE RECEIVED, the undersigned,
_______________________, hereby sells, assigns and transfers unto:

Name: 
______________________________________

                (Please
type or print in block letters)

Address: 
_____________________________________

               _____________________________________

the right to purchase ________________ shares
(the "Warrant Shares") of Nextgen Communications Corporation (the "Company")
pursuant to the terms and conditions of the Warrant held by the
undersigned.  The undersigned hereby
authorizes and directs the Company (i) to issue and deliver to the above-named
assignee at the above address a new Warrant pursuant to which the rights to
purchase being assigned may be exercised, and (ii) if there are rights to
purchase Warrant Shares remaining pursuant to the undersigned's Warrant after
the assignment contemplated herein, to issue and deliver to the undersigned at
the address stated below a new Warrant evidencing the right to purchase the
number of Warrant Shares remaining after issuance and delivery of the Warrant
to the above-named assignee. Except for the number of Warrant Shares
purchasable, the new Warrant to be issued and delivered by the Company is to
contain the same terms and conditions as the undersigned's Warrant. This
Assignment is subject to receipt by the Company of such investment
representations by the assignee, as may be reasonably required under the
Securities Act of 1933, as amended. To complete the assignment contemplated by
this Assignment Form, the undersigned hereby irrevocably constitutes and appoints
___________________________________ as the undersigned's attorney-in-fact to
transfer the Warrant and the rights thereunder on the books of the Company with
full power of substitution for these purposes.

 

	Dated:______________________     	 	 Signature:
	 	 	 (This
signature must conform in all respects to the name of the Holder as specified
on the face of the Warrant.)
	 	 	 
	
    
 

    	 	
    
 

    
	Social Security Number or

  Employer ID Number	 	Printed
Name 
	 	 	 
	 	 	Address:                                                       
    
	 	 	            
                                                           
    

Stock Warrant No.: 11/19/02-             

8

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