Document:

sec document

                                                                    Exhibit 10.3

                              ENCLAVES GROUP, INC.

                 AMENDED AND RESTATED PLACEMENT AGENT AGREEMENT

                                                  Dated as of: November __, 2005

Newbridge Securities Corporation
1451 Cypress Creek Road, Suite 204
Fort Lauderdale, Florida 33309

Ladies and Gentlemen:

         The undersigned,  Enclaves Group, Inc. (f/k/a Alliance Towers, Inc.), a
Delaware  corporation (the "Company"),  hereby agrees with Newbridge  Securities
Corporation  (the  "PLACEMENT  AGENT"),  and Cornell Capital  Partners,  LP (the
"Investor") as follows:

         1.  OFFERING.  On or about  December 28,  2004,  Enclaves  Group,  Inc.
("ENCLAVES"),  a Delaware corporation,  entered into that certain Standby Equity
Distribution Agreement and other related documents,  instruments and agreements,
including  without  limitation  the Placement  Agent  Agreement  (the  "ENCLAVES
PLACEMENT  AGREEMENT") with the Investor and the Placement  Agent.  Enclaves was
subsequently  acquired by the Company (f/k/a  Alliance  Towers,  Inc., a Florida
corporation)  on  April  27,  2005  (the  "ACQUISITION").  The  Company  assumed
obligations of Enclaves to the Investor  under the Standby  Equity  Distribution
Agreement  dated  December  28, 2004  pursuant to that  certain  Assignment  and
Assumption  Agreement  dated July 1, 2005 (the  "ASSUMPTION  AGREEMENT")  by and
among the Company,  Enclaves and the Investor.  This  Agreement  shall amend and
restate the  Placement  Agent  Agreement  dated  December 28, 2004.  The Company
hereby engages the Placement  Agent to act as its exclusive  placement  agent in
connection with the Amended and Restated Standby Equity  Distribution  Agreement
dated the date hereof between the Company and the Investor (the "STANDBY  EQUITY
DISTRIBUTION AGREEMENT"),  pursuant to which the Company shall issue and sell to
the  Investor,  from time to time,  and the  Investor  shall  purchase  from the
Company (the  "OFFERING")  up to Forty Six Million  Dollars  ($46,000,000)  (the
"COMMITMENT  AMOUNT") of the Company's  common stock, par value $0.001 per share
(the "COMMON  STOCK"),  at price per share equal to the Purchase  Price, as that
term is defined in the Standby  Equity  Distribution  Agreement.  The  Placement
Agent  services  shall  consist of  reviewing  the terms of the  Standby  Equity
Distribution Agreement and advising the Company with respect to those terms.

         This Amended and Restated  Placement  Agent  Agreement  shall amend and
restate the Enclaves Placement Agreement.  All capitalized terms used herein and
not otherwise  defined herein shall have the same meaning ascribed to them as in
the Standby Equity Distribution Agreement.  The Investor will be granted certain
registration  rights with respect to the Common Stock as more fully set forth in
the Registration Rights Agreement between the Company and the Investor dated the
date hereof (the "REGISTRATION RIGHTS AGREEMENT").  The documents to be executed
and delivered in connection with the Offering,  including,  but not limited,  to
the Company's  latest  Quarterly  Report on Form 10-QSB as filed with the United
States Securities and Exchange  Commission,  this Agreement,  the Standby Equity

Distribution  Agreement,  and the Registration  Rights Agreement are referred to
sometimes  hereinafter  collectively as the "OFFERING  MATERIALS." The Company's
Common Stock  purchased by the Investor  under the Standby  Equity  Distribution
Agreement  is  sometimes  referred  to  hereinafter  as  the  "Securities."  The
Placement Agent shall not be obligated to sell any Securities.

         2. COMPENSATION.

                  A.       Upon the  execution  of this  Agreement,  the Company
shall  issue to the  Placement  Agent or its  designee  shares of the  Company's
Common Stock in an amount equal to Ten Thousand Dollars ($10,000) divided by the
volume weighted  average price of the Common Stock, as quoted by Bloomberg,  LP,
on the date hereof (the "PLACEMENT  AGENT'S SHARES").  The Placement Agent shall
be entitled to  "piggy-back"  registration  rights with respect to the Placement
Agent's  Shares,  which shall be triggered  upon  registration  of any shares of
Common Stock by the Company pursuant to the Registration  Rights Agreement dated
the date hereof.

         3. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PLACEMENT AGENT.

                  A.       The   Placement   Agent   represents,   warrants  and
covenants as follows:

                           (i)      The Placement  Agent has the necessary power
to enter into this  Agreement and to consummate  the  transactions  contemplated
hereby.

                           (ii)     The  execution and delivery by the Placement
Agent of this Agreement and the  consummation of the  transactions  contemplated
herein  will  not  result  in any  violation  of,  or be in  conflict  with,  or
constitute a default  under,  any agreement or instrument to which the Placement
Agent is a party or by which the Placement Agent or its properties are bound, or
any judgment, decree, order or, to the Placement Agent's knowledge, any statute,
rule or regulation  applicable  to the  Placement  Agent.  This  Agreement  when
executed and delivered by the Placement Agent, will constitute the legal,  valid
and binding  obligations of the Placement Agent,  enforceable in accordance with
their respective terms, except to the extent that (a) the enforceability  hereof
or thereof may be limited by bankruptcy, insolvency, reorganization,  moratorium
or  similar  laws  from  time to time in  effect  and  affecting  the  rights of
creditors  generally,  (b) the  enforceability  hereof or  thereof is subject to
general  principles of equity, or (c) the  indemnification  provisions hereof or
thereof may be held to be in violation of public policy.

                           (iii)    Upon   receipt   and   execution   of   this
Agreement, the Placement Agent will promptly forward copies of this Agreement to
the Company or its counsel and the Investor or its counsel.

                           (iv)     The Placement  Agent will not  intentionally
take any action that it reasonably  believes would cause the Offering to violate
the provisions of the  Securities Act of 1933, as amended (the "1933 ACT"),  the
Securities  Exchange  Act of 1934 (the "1934  ACT"),  the  respective  rules and
regulations  promulgated  thereunder (the "RULES AND REGULATIONS") or applicable
"Blue Sky" laws of any state or jurisdiction.

                                       2

                           (v)      The  Placement  Agent  is a  member  of  the
National  Association  of  Securities  Dealers,  Inc.,  and  is a  broker-dealer
registered  as such  under  the 1934 Act and under  the  securities  laws of the
states in which the  Securities  will be offered or sold by the Placement  Agent
unless an exemption  for such state  registration  is available to the Placement
Agent.  The  Placement  Agent  is in  material  compliance  with the  rules  and
regulations  applicable to the Placement  Agent  generally and applicable to the
Placement Agent's participation in the Offering.

         4. REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

                  A.       The Company represents and warrants as follows:

                           (i)      The execution,  delivery and  performance of
each of this  Agreement,  the Standby  Equity  Distribution  Agreement,  and the
Registration Rights Agreement has been or will be duly and validly authorized by
the  Company  and is, or with  respect to this  Agreement,  the  Standby  Equity
Distribution  Agreement,  and the Registration Rights Agreement will be, a valid
and  binding  agreement  of the  Company,  enforceable  in  accordance  with its
respective  terms,  except to the extent that (a) the  enforceability  hereof or
thereof may be limited by bankruptcy, insolvency, reorganization,  moratorium or
similar laws from time to time in effect and  affecting  the rights of creditors
generally,  (b) the  enforceability  hereof or  thereof  is  subject  to general
principles of equity or (c) the indemnification provisions hereof or thereof may
be held to be in  violation  of  public  policy.  The  Securities  to be  issued
pursuant to the  transactions  contemplated  by this  Agreement  and the Standby
Equity  Distribution  Agreement have been duly  authorized  and, when issued and
paid for in accordance  with this Agreement and the Standby Equity  Distribution
Agreement will be valid and binding  obligations of the Company,  enforceable in
accordance  with  their  respective  terms,  except to the  extent  that (1) the
enforceability thereof may be limited by bankruptcy, insolvency, reorganization,
moratorium  or similar laws from time to time in effect and affecting the rights
of creditors generally, and (2) the enforceability thereof is subject to general
principles  of  equity.  All  corporate  action  required  to be  taken  for the
authorization,  issuance  and sale of the  Securities  has been duly and validly
taken by the Company.

                           (ii)     The  Company has a duly  authorized,  issued
and  outstanding  capitalization  as set forth herein and in the Standby  Equity
Distribution  Agreement.  The  Company  is  not a  party  to  or  bound  by  any
instrument, agreement or other arrangement providing for it to issue any capital
stock, rights, warrants, options or other securities, except for this Agreement,
the  agreements  described  herein  and  as  described  in  the  Standby  Equity
Distribution  Agreement and the  agreements  described  therein.  All issued and
outstanding  securities of the Company,  have been duly  authorized  and validly
issued and are fully paid and non-assessable; the holders thereof have no rights
of rescission or preemptive  rights with respect  thereto and are not subject to
personal liability solely by reason of being security holders;  and none of such
securities  were issued in violation of the preemptive  rights of any holders of
any security of the Company.

                           (iii)    The Common Stock to be issued in  accordance
with this Agreement and the Standby Equity Distribution Agreement have been duly
authorized and, when issued and paid for in accordance with this Agreement,  the
Standby   Equity   Distribution   Agreement  and  the   certificates/instruments

                                       3

representing   such  Common  Stock  will  be  validly  issued,   fully-paid  and
non-assessable;  the holders  thereof will not be subject to personal  liability
solely by reason of being such holders;  such Securities are not and will not be
subject to the preemptive rights of any holder of any security of the Company.

                           (iv)     The  Company has good and  marketable  title
to,  or valid  and  enforceable  leasehold  estates  in,  all  items of real and
personal  property  necessary  to  conduct  its  business  (including,   without
limitation, any real or personal property stated in the Offering Materials to be
owned or leased by the  Company),  free and  clear of all  liens,  encumbrances,
claims, security interests and defects of any material nature whatsoever,  other
than those set forth in the Offering  Materials  and liens for taxes not yet due
and payable.

                           (v)      There  is  no  litigation  or   governmental
proceeding  pending  or,  to the  best of the  Company's  knowledge,  threatened
against,  or involving the properties or business of the Company,  except as set
forth in the Offering Materials.

                           (vi)     The  Company is duly  organized  and validly
exists  as a  corporation  in good  standing  under  the  laws of the  State  of
Delaware.  Except as set forth in the Offering  Materials,  the Company does not
own or control,  directly or indirectly,  an interest in any other  corporation,
partnership,  trust, joint venture or other business entity. The Company is duly
qualified  or licensed  and in good  standing as a foreign  corporation  in each
jurisdiction   in  which  the   character  of  its   operations   requires  such
qualification or licensing and where failure to so qualify would have a material
adverse effect on the Company. The Company has all requisite corporate power and
authority,  and all material and necessary  authorizations,  approvals,  orders,
licenses,  certificates  and  permits  of and from all  governmental  regulatory
officials  and bodies  (domestic  and  foreign) to conduct its  businesses  (and
proposed  business) as described in the Offering  Materials.  Any disclosures in
the Offering  Materials  concerning the effects of foreign,  federal,  state and
local  regulation  on the  Company's  businesses  as currently  conducted and as
contemplated  are correct in all  material  respects  and do not omit to state a
material fact.  The Company has all corporate  power and authority to enter into
this Agreement,  the Standby Equity  Distribution  Agreement,  the  Registration
Rights  Agreement,  and to carry out the provisions  and  conditions  hereof and
thereof,  and all consents,  authorizations,  approvals  and orders  required in
connection herewith and therewith have been obtained. No consent,  authorization
or order of, and no filing with, any court,  government  agency or other body is
required by the Company for the  issuance of the  Securities  or  execution  and
delivery  of the  Offering  Materials  except for  applicable  federal and state
securities  laws.  The  Company,  since  its  inception,  has not  incurred  any
liability  arising  under  or as a  result  of  the  application  of  any of the
provisions of the 1933 Act, the 1934 Act or the Rules and Regulations.

                           (vii)    There has been no material adverse change in
the  condition or prospects of the  Company,  financial or  otherwise,  from the
latest dates as of which such  condition  or  prospects,  respectively,  are set
forth in the Offering Materials,  and the outstanding debt, the property and the
business of the Company  conform in all  material  respects to the  descriptions
thereof contained in the Offering Materials.

                           (viii)   Except   as  set   forth  in  the   Offering
Materials,  the  Company is not in breach of, or in default  under,  any term or
provision of any material indenture,  mortgage, deed of trust, lease, note, loan

                                       4

or any other  material  agreement or instrument  evidencing  an  obligation  for
borrowed money,  or any other material  agreement or instrument to which it is a
party or by  which it or any of its  properties  may be bound or  affected.  The
Company is not in  violation  of any  provision  of its charter or by-laws or in
violation of any franchise,  license, permit,  judgment,  decree or order, or in
violation of any material statute, rule or regulation. Neither the execution and
delivery of the Offering  Materials nor the issuance and sale or delivery of the
Securities,  nor the consummation of any of the transactions contemplated in the
Offering  Materials  nor the  compliance  by the  Company  with  the  terms  and
provisions hereof or thereof,  has conflicted with or will conflict with, or has
resulted in or will result in a breach of, any of the terms and  provisions  of,
or has  constituted or will  constitute a default  under,  or has resulted in or
will result in the creation or  imposition  of any lien,  charge or  encumbrance
upon any  property  or assets of the  Company  or  pursuant  to the terms of any
indenture,  mortgage,  deed of  trust,  note,  loan or any  other  agreement  or
instrument  evidencing an obligation for borrowed  money, or any other agreement
or  instrument to which the Company may be bound or to which any of the property
or assets of the Company is subject except (a) where such default,  lien, charge
or encumbrance  would not have a material  adverse effect on the Company and (b)
as  described  in the  Offering  Materials;  nor will such action  result in any
violation  of the  provisions  of the  charter or the by-laws of the Company or,
assuming  the  due  performance  by  the  Placement  Agent  of  its  obligations
hereunder,  any  material  statute or any  material  order,  rule or  regulation
applicable  to the  Company of any court or of any  foreign,  federal,  state or
other regulatory authority or other government body having jurisdiction over the
Company.

                           (ix)     Subsequent   to  the   dates   as  of  which
information is given in the Offering  Materials,  and except as may otherwise be
indicated or  contemplated  herein or therein the Company has not (a) issued any
securities or incurred any liability or obligation,  direct or  contingent,  for
borrowed money,  or (b) entered into any transaction  other than in the ordinary
course of  business,  or (c)  declared  or paid any  dividend  or made any other
distribution  on or in respect of its capital stock.  Except as described in the
Offering Materials, the Company has no outstanding obligations to any officer or
director of the Company other than normal  payable in  connection  with services
provided recently.

                           (x)      There  are no  claims  for  services  in the
nature of a finder's or  origination  fee with respect to the sale of the Common
Stock or any other  arrangements,  agreements or understandings  that may affect
the Placement Agent's compensation, as determined by the National Association of
Securities Dealers, Inc.

                           (xi)     The  Company  owns or  possesses,  free  and
clear of all liens or  encumbrances  and  rights  thereto  or  therein  by third
parties,  the requisite licenses or other rights to use all trademarks,  service
marks, copyrights,  service names, trade names, patents, patent applications and
licenses necessary to conduct its business (including,  without limitation,  any
such  licenses or rights  described in the Offering  Materials as being owned or
possessed by the Company)  and,  except as set forth in the Offering  Materials,
there is no claim or action by any person pertaining to, or proceeding,  pending
or threatened, which challenges the exclusive rights of the Company with respect
to any  trademarks,  service  marks,  copyrights,  service  names,  trade names,
patents,  patent  applications and licenses used in the conduct of the Company's
businesses (including, without limitation, any such licenses or rights described
in the Offering Materials as being owned or possessed by the Company) except any
claim or action that would not have a material  adverse  effect on the  Company;

                                       5

the Company's  current  products,  services or processes do not infringe or will
not infringe on the patents currently held by any third party.

                           (xii)    Subject to the  performance by the Placement
Agent  of its  obligations  hereunder  the  offer  and  sale  of the  Securities
complies,  and will  continue  to  comply,  in all  material  respects  with the
requirements  of Rule 506 of Regulation D promulgated by the SEC pursuant to the
1933 Act and any other applicable federal and state laws, rules, regulations and
executive orders. Neither the Offering Materials nor any amendment or supplement
thereto  nor any  documents  prepared  by the  Company  in  connection  with the
Offering  will contain any untrue  statement of a material fact or omit to state
any  material  fact  required  to be stated  therein  or  necessary  to make the
statements  therein,  in light of the circumstances  under which they were made,
not misleading.  All statements of material facts in the Offering  Materials are
true and correct as of the date of the Offering Materials.

                           (xiii)   All material taxes which are due and payable
from the Company have been paid in full or adequate  provision has been made for
such taxes on the books of the Company,  except for those taxes disputed in good
faith by the Company

                           (xiv)    None of the Company nor any of its officers,
directors,  employees or agents,  nor any other  person  acting on behalf of the
Company, has, directly or indirectly, given or agreed to give any money, gift or
similar benefit (other than legal price concessions to customers in the ordinary
course of business) to any customer,  supplier,  employee or agent of a customer
or   supplier,   or  official  or  employee  of  any   governmental   agency  or
instrumentality  of any government  (domestic or foreign) or any political party
or candidate  for office  (domestic or foreign) or other person who is or may be
in a position  to help or hinder the  business  of the  Company (or assist it in
connection with any actual or proposed  transaction) which (A) might subject the
Company  to any  damage  or  penalty  in any  civil,  criminal  or  governmental
litigation  or  proceeding,  or (B) if not given in the past,  might  have had a
materially  adverse effect on the assets,  business or operations of the Company
as  reflected  in any of the  financial  statements  contained  in the  Offering
Materials,  or (C) if not continued in the future,  might  adversely  affect the
assets, business, operations or prospects of the Company in the future.

         5. CERTAIN COVENANTS AND AGREEMENTS OF THE COMPANY.

         The Company covenants and agrees at its expense and without any expense
to the Placement Agent as follows:

                  A.       To advise the Placement Agent of any material adverse
change in the  Company's  financial  condition,  prospects or business or of any
development  materially  affecting the Company or rendering untrue or misleading
any material statement in the Offering  Materials  occurring at any time as soon
as the Company is either informed or becomes aware thereof.

                  B.       To use its commercially  reasonable  efforts to cause
the Common Stock  issuable in connection  with the Standby  Equity  Distribution
Agreement to be qualified or registered for sale on terms  consistent with those
stated in the  Registration  Rights  Agreement and under the securities  laws of
such   jurisdictions   as  the  Placement   Agent  shall   reasonably   request.

                                       6

Qualification,  registration and exemption charges and fees shall be at the sole
cost and expense of the Company.

                  C.       Upon  written  request,  to provide  and  continue to
provide the Placement  Agent copies of all quarterly  financial  statements  and
audited  annual  financial  statements  prepared by or on behalf of the Company,
other reports prepared by or on behalf of the Company for public  disclosure and
all documents delivered to the Company's stockholders.

                  D.       To comply with the terms of the Offering Materials.

                  E.       To ensure that any transactions  between or among the
Company,  or any of its  officers,  directors  and  affiliates  be on terms  and
conditions  that  are no less  favorable  to the  Company,  than the  terms  and
conditions  that would be available  in an "arm's  length"  transaction  with an
independent third party.

                  F.       Upon the  effectiveness  of a registration  statement
covering the Securities,  the Company shall promptly provide the Placement Agent
shall an opinion of Counsel to the Company,  which  opinion shall be in form and
substance reasonably satisfactory to and the Placement Agent.

                  G.       At or prior to the  Closing,  the Company  shall have
been furnished such  documents,  certificates  and opinions as it may reasonably
require for the purpose of enabling the  Placement  Agent to review or pass upon
the matters  referred to in this  Agreement  and the Offering  Materials,  or in
order to evidence  the  accuracy,  completeness  or  satisfaction  of any of the
representations, warranties or conditions herein contained.

         6. INDEMNIFICATION AND LIMITATION OF LIABILITY.

                  A.       The Company  hereby agrees that it will indemnify and
hold the Placement Agent and each officer,  director,  shareholder,  employee or
representative of the Placement Agent and each person controlling, controlled by
or under common  control with the Placement  Agent within the meaning of Section
15 of the  1933  Act or  Section  20 of the  1934  Act or the  SEC's  Rules  and
Regulations promulgated thereunder (the "RULES AND REGULATIONS"),  harmless from
and  against  any  and all  loss,  claim,  damage,  liability,  cost or  expense
whatsoever (including, but not limited to, any and all reasonable legal fees and
other  expenses and  disbursements  incurred in connection  with  investigating,
preparing to defend or defending any action,  suit or proceeding,  including any
inquiry or investigation, commenced or threatened, or any claim whatsoever or in
appearing  or  preparing  for  appearance  as a witness in any  action,  suit or
proceeding,  including any inquiry, investigation or pretrial proceeding such as
a deposition)  to which the Placement  Agent or such  indemnified  person of the
Placement  Agent may become  subject under the 1933 Act, the 1934 Act, the Rules
and Regulations, or any other federal or state law or regulation,  common law or
otherwise,  arising  out of or based  upon (i) any untrue  statement  or alleged
untrue  statement  of a  material  fact  contained  in  (a)  Section  4 of  this
Agreement,  (b) the Offering Materials (except those written statements relating
to the Placement Agent given by the Placement Agent for inclusion therein),  (c)
any  application  or other  document  or written  communication  executed by the
Company or based upon written information  furnished by the Company filed in any

                                       7

jurisdiction  in order to qualify  the Common  Stock under the  securities  laws
thereof,  or any state  securities  commission  or agency;  (ii) the omission or
alleged omission from documents  described in clauses (a), (b) or (c) above of a
material fact required to be stated  therein or necessary to make the statements
therein not  misleading;  or (iii) the breach of any  representation,  warranty,
covenant or agreement made by the Company in this Agreement. The Company further
agrees that upon demand by an  indemnified  person,  at any time or from time to
time, it will promptly  reimburse such indemnified  person for any loss,  claim,
damage,  liability,  cost  or  expense  actually  and  reasonably  paid  by  the
indemnified  person as to which the Company has indemnified such person pursuant
hereto.  Notwithstanding  the foregoing  provisions of this Paragraph  7(A), any
such payment or reimbursement by the Company of fees,  expenses or disbursements
incurred by an indemnified person in any proceeding in which a final judgment by
a court of competent  jurisdiction  (after all appeals or the expiration of time
to appeal) is entered  against the Placement  Agent or such  indemnified  person
based upon specific finding of fact that the Placement Agent or such indemnified
person's gross negligence or willful  misfeasance will be promptly repaid to the
Company.

                  B.       The  Placement  Agent  hereby  agrees  that  it  will
indemnify and hold the Company and each officer, director, shareholder, employee
or representative of the Company, and each person controlling,  controlled by or
under common  control  with the Company  within the meaning of Section 15 of the
1933 Act or  Section 20 of the 1934 Act or the Rules and  Regulations,  harmless
from and against any and all loss,  claim,  damage,  liability,  cost or expense
whatsoever (including, but not limited to, any and all reasonable legal fees and
other  expenses and  disbursements  incurred in connection  with  investigating,
preparing to defend or defending any action,  suit or proceeding,  including any
inquiry or investigation, commenced or threatened, or any claim whatsoever or in
appearing  or  preparing  for  appearance  as a witness in any  action,  suit or
proceeding,  including any inquiry, investigation or pretrial proceeding such as
a deposition) to which the Company or such indemnified person of the Company may
become subject under the 1933 Act, the 1934 Act, the Rules and  Regulations,  or
any other federal or state law or regulation,  common law or otherwise,  arising
out of or based upon (i) the material  breach of any  representation,  warranty,
covenant or agreement made by the Placement Agent in this Agreement, or (ii) any
false or misleading information provided to the Company in writing by one of the
Placement Agent's indemnified persons specifically for inclusion in the Offering
Materials.

                  C.       Promptly  after  receipt by an  indemnified  party of
notice of  commencement  of any action covered by Section 7(A) or (B), the party
to be indemnified shall,  within five (5) business days, notify the indemnifying
party of the commencement  thereof; the omission by one (1) indemnified party to
so notify the indemnifying party shall not relieve the indemnifying party of its
obligation to indemnify any other  indemnified  party that has given such notice
and shall not relieve the  indemnifying  party of any liability  outside of this
indemnification  if not  materially  prejudiced  thereby.  In the event that any
action is brought against the indemnified  party, the indemnifying party will be
entitled to participate  therein and, to the extent it may desire, to assume and
control  the  defense  thereof  with  counsel  chosen by it which is  reasonably
acceptable to the indemnified party. After notice from the indemnifying party to
such  indemnified  party of its election to so assume the defense  thereof,  the
indemnifying  party  will not be liable to such  indemnified  party  under  such
Section 7(A) or (B), for any legal or other  expenses  subsequently  incurred by
such  indemnified  party  in  connection  with  the  defense  thereof,  but  the

                                       8

indemnified  party  may,  at its own  expense,  participate  in such  defense by
counsel  chosen by it,  without,  however,  impairing the  indemnifying  party's
control  of  the  defense.   Subject  to  the  proviso  of  this   sentence  and
notwithstanding  any other  statement  to the  contrary  contained  herein,  the
indemnified  party or  parties  shall  have the right to choose its or their own
counsel  and  control  the  defense  of any  action,  all at the  expense of the
indemnifying  party  if (i) the  employment  of such  counsel  shall  have  been
authorized in writing by the  indemnifying  party in connection with the defense
of  such  action  at  the  expense  of  the  indemnifying  party,  or  (ii)  the
indemnifying  party shall not have employed counsel  reasonably  satisfactory to
such  indemnified  party to have charge of the  defense of such action  within a
reasonable  time  after  notice of  commencement  of the  action,  or (iii) such
indemnified  party or parties shall have reasonably  concluded that there may be
defenses available to it or them which are different from or additional to those
available  to one  or  all  of the  indemnifying  parties  (in  which  case  the
indemnifying  parties  shall not have the right to direct  the  defense  of such
action on behalf of the  indemnified  party or parties),  in any of which events
such  fees  and  expenses  of one  additional  counsel  shall  be  borne  by the
indemnifying party; provided, however, that the indemnifying party shall not, in
connection with any one action or separate but substantially  similar or related
actions in the same jurisdiction  arising out of the same general allegations or
circumstance,  be liable for the  reasonable  fees and expenses of more than one
separate  firm of attorneys  at any time for all such  indemnified  parties.  No
settlement of any action or  proceeding  against an  indemnified  party shall be
made without the consent of the indemnifying party.

                  D.       In  order   to   provide   for  just  and   equitable
contribution  in  circumstances  in which the  indemnification  provided  for in
Section 7(A) or 7(B) is due in  accordance  with its terms but is for any reason
held by a court to be unavailable on grounds of policy or otherwise, the Company
and the  Placement  Agent shall  contribute  to the  aggregate  losses,  claims,
damages and liabilities  (including legal or other expenses  reasonably incurred
in  connection  with the  investigation  or defense of same) which the other may
incur in such  proportion so that the Placement  Agent shall be responsible  for
such percent of the aggregate of such losses, claims, damages and liabilities as
shall equal the percentage of the gross proceeds paid to the Placement Agent and
the Company shall be responsible  for the balance;  provided,  however,  that no
person  guilty of  fraudulent  misrepresentation  within the  meaning of Section
11(f) of the 1933 Act shall be entitled to contribution  from any person who was
not guilty of such  fraudulent  misrepresentation.  For purposes of this Section
7(D),  any person  controlling,  controlled by or under common  control with the
Placement Agent, or any partner, director, officer, employee,  representative or
any agent of any  thereof,  shall have the same  rights to  contribution  as the
Placement  Agent and each  person  controlling,  controlled  by or under  common
control  with the  Company  within the  meaning of Section 15 of the 1933 Act or
Section 20 of the 1934 Act and each officer of the Company and each  director of
the Company shall have the same rights to contribution as the Company. Any party
entitled to contribution will,  promptly after receipt of notice of commencement
of any action, suit or proceeding against such party in respect of which a claim
for  contribution  may be made against the other party under this Section  7(D),
notify such party from whom  contribution may be sought,  but the omission to so
notify  such party shall not  relieve  the party from whom  contribution  may be
sought from any  obligation  they may have  hereunder  or otherwise if the party
from whom contribution may be sought is not materially prejudiced thereby.

                                       9

                  E.       The indemnity and contribution  agreements  contained
in this Section 7 shall remain operative and in full force and effect regardless
of any  investigation  made by or on  behalf  of any  indemnified  person or any
termination of this Agreement.

                  F.       The Company  hereby  waives,  to the  fullest  extent
permitted by law, any right to or claim of any punitive, exemplary,  incidental,
indirect,   special,   consequential  or  other  damages   (including,   without
limitation,  loss of profits)  against  the  Placement  Agent and each  officer,
director,  shareholder,  employee or  representative  of the placement agent and
each  person  controlling,  controlled  by or  under  common  control  with  the
Placement  Agent  within the meaning of Section 15 of the 1933 Act or Section 20
of the 1934 Act or the Rules and Regulations arising out of any cause whatsoever
(whether such cause be based in contract,  negligence,  strict liability,  other
tort or otherwise).  Notwithstanding  anything to the contrary contained herein,
the  aggregate  liability of the  Placement  Agent and each  officer,  director,
shareholder,  employee or  representative of the Placement Agent and each person
controlling,  controlled  by or under common  control with the  Placement  Agent
within  the  meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act
or the Rules and Regulations  shall not exceed the compensation  received by the
Placement Agent pursuant to Section 2 hereof. This limitation of liability shall
apply  regardless of the cause of action,  whether  contract,  tort  (including,
without  limitation,  negligence)  or breach of  statute  or any other  legal or
equitable obligation.

         7. PAYMENT OF EXPENSES.

         The Company  hereby  agrees to bear all of the  expenses in  connection
with the Offering,  including,  but not limited to the  following:  filing fees,
printing and duplicating  costs,  advertisements,  postage and mailing  expenses
with respect to the transmission of Offering  Materials,  registrar and transfer
agent fees and the fees of the  Company's  counsel  and  accountants,  issue and
transfer taxes, if any.

         8. TERMINATION.

         This Agreement  shall be co-terminus  with, and terminate upon the same
terms  and  conditions  as those set forth in the  Standby  Equity  Distribution
Agreement.

         9. MISCELLANEOUS.

                  A.       This  Agreement  may be  executed  in any  number  of
counterparts,  each of which  shall be deemed to be an  original,  but all which
shall be deemed to be one and the same instrument.

                  B.       Any  notice   required  or   permitted  to  be  given
hereunder shall be given in writing and shall be deemed effective when deposited
in the United  States mail,  postage  prepaid,  or when  received if  personally
delivered or faxed (upon confirmation of receipt received by the sending party),
addressed as follows to such other address of which  written  notice is given to
the others):

                                       10

If to Placement Agent, to:      Newbridge Securities Corporation
                                1451 Cypress Creek Road, Suite 204
                                Fort Lauderdale, Florida 33309
                                Attention:  Doug Aguililla
                                Telephone:  (954) 334-3450
                                Facsimile:  (954) 229-9937

If to the Company, to:          Enclaves Group, Inc.
                                45 Knollwood Road, Fifth Floor
                                Elmsford, New York 10701
                                Attention:  Daniel G. Hayes
                                Telephone:  (914) 592-2100
                                Facsimile:  (914) 592-2105

With a copy to:                 Olshan Grundman Frome Rosenzweig & Wolosky LLP
                                Park Avenue Tower
                                65 East 55th Street
                                New York, NY 10022
                                Attention:  Robert H. Friedman, Esq.
                                Telephone:  (212) 451-2220
                                Facsimile:  (212) 451-2222

                  C.       This Agreement  shall be governed by and construed in
all respects under the laws of the State of New Jersey, without reference to its
conflict of laws rules or principles. Any suit, action, proceeding or litigation
arising out of or relating to this Agreement  shall be brought and prosecuted in
such  federal or state  court or courts  located  within the State of Florida as
provided by law. The parties hereby irrevocably and  unconditionally  consent to
the  jurisdiction  of each such  court or  courts  located  within  the State of
Florida  and to service  of process by  registered  or  certified  mail,  return
receipt requested, or by any other manner provided by applicable law, and hereby
irrevocably and unconditionally  waive any right to claim that any suit, action,
proceeding  or litigation  so commenced  has been  commenced in an  inconvenient
forum.

                  D.       This  Agreement and the other  agreements  referenced
herein contain the entire  understanding  between the parties hereto and may not
be modified or amended except by a writing duly signed by the party against whom
enforcement of the modification or amendment is sought.

                  E.       If any provision of this  Agreement  shall be held to
be invalid or  unenforceable,  such  invalidity  or  unenforceability  shall not
affect any other provision of this Agreement.

                   [REMAINDER OF PAGE INTENTIALLY LEFT BLANK]

                                       11

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

                                       ENCLAVES GROUP, INC.

                                       By:  /s/ Daniel G. Hayes
                                           -------------------------------------
                                       Name:   Daniel G. Hayes
                                       Title:  President & CEO

                                       NEWBRIDGE SECURITIES CORPORATION

                                       By:  /s/ Guy S. Amico
                                           -------------------------------------
                                       Name:   Guy S. Amico
                                       Title:  President

                                       CORNELL CAPITAL PARTNERS, LP

                                       BY:     YORKVILLE ADVISORS, LLC
                                       ITS:    GENERAL PARTNER

                                       By: /s/ Mark A. Angelo
                                           -------------------------------------
                                       Name:   Mark A. Angelo
                                       Title:  Portfolio Managersec document

                                                                    Exhibit 10.4

                     IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

November __, 2005

Continental Stock Transfer & Trust Company
17 Battery Place
New York, New York 10004

         RE:      ENCLAVES GROUP, INC.

Ladies and Gentlemen:

         Reference is made to that certain  Securities  Purchase Agreement dated
December 28, 2004 (the "SECURITIES PURCHASE AGREEMENT"), by and between Enclaves
Group,  Inc., a Delaware  corporation  and  predecessor  by merger with Enclaves
Group,  Inc.  (f/k/a  Alliance  Towers,   Inc.),  a  Delaware  corporation  (the
"COMPANY"), and the Buyers set forth on Schedule I attached thereto and Highgate
House Funds,  Ltd.,  who was assigned  the amount of One Million  Seven  Hundred
Thousand Dollars ($1,750,000 from Montgomery Equity Partners, LP pursuant to the
Assignment  Agreement between Montgomery Equity Partners,  LP and Highgate House
Funds,  Ltd.  dated August 12, 2005)  (collectively,  the "BUYER"),  pursuant to
which the Company has sold to the Buyer Five Million and Five  Hundred  Thousand
Dollars  ($5,500,000) in aggregate  original  principal  amount of the Company's
secured  convertible  debentures  (the  "CONVERTIBLE  DEBENTURES"),   which  are
convertible  into shares of the  Company's  common  stock,  par value $0.001 per
share  (the  "COMMON  STOCK").  The  shares  of Common  Stock to be issued  upon
conversion of the Convertible Debentures,  and previously issued pursuant to the
Securities Purchase  Agreement,  including,  without limitation,  any principal,
interest or  Liquidated  Damages are referred to as  "CONVERSION  SHARES."  Such
Conversion  Shares  shall also be deemed to include any Common  Stock issued for
Liquidated Damages under the Amended and Restated Investor  Registration  Rights
Agreement of even date herewith  between the Company and the Buyer.  This letter
shall serve as our irrevocable  authorization and direction to you (provided you
are the transfer agent of the Common Stock at such time) to issue the Conversion
Shares in the event the Buyer has  elected to convert  all or any portion of the
Convertible Debentures,  including, without limitation,  principal, interest, or
Liquidated  Damages,  upon  surrender  to you of a properly  completed  and duly
executed  Conversion Notice, in the form attached hereto as EXHIBIT I, delivered
on behalf of the Company by David Gonzalez, Esq.

         Specifically,  upon receipt by the Company or David Gonzalez, Esq. of a
copy of a Conversion  Notice,  David  Gonzalez,  Esq., on behalf of the Company,
shall as soon as practicable, but in no event later than one (1) Trading Day (as
defined  below)  after  receipt  of such  Conversion  Notice,  sent to you,  via
facsimile,   a  Conversion   Notice,   which  shall  constitute  an  irrevocable
instruction  to you to process such  Conversion  Notice in  accordance  with the
terms of these  instructions.  Assuming you are acting as transfer agent for the
Company,  upon your receipt of a copy of the  executed  Conversion  Notice,  you
shall use your best efforts to, within three (3) Trading Days following the date

of receipt of the Conversion Notice, (A) issue and surrender to a common carrier
for overnight  delivery to the address as specified in the Conversion  Notice, a
certificate, registered in the name of the Buyer or its designee, for the number
of shares of Common  Stock to which the Buyer  shall be entitled as set forth in
the Conversion  Notice or (B) provided you are  participating  in The Depository
Trust Company  ("DTC") Fast  Automated  Securities  Transfer  Program,  upon the
request of the Buyer,  credit such aggregate number of shares of Common Stock to
which the Buyer  shall be  entitled  to the  Buyer's or its  designee's  balance
account with DTC through its Deposit  Withdrawal  At Custodian  ("DWAC")  system
provided the Buyer  causes its bank or broker to initiate the DWAC  transaction.
("TRADING  DAY"  shall  mean  any day on which  the  Nasdaq  Market  is open for
customary trading.)

         The  Company  hereby  confirms  to you and the Buyer that  certificates
representing  the  Conversion  Shares  shall  not  bear any  legend  restricting
transfer  of the  Conversion  Shares  thereby  and  should not be subject to any
stop-transfer  restrictions  and shall  otherwise be freely  transferable on the
books and records of the Company  provided that (a) the Company counsel delivers
(i) the Notice of  Effectiveness  substantially in the form set forth in EXHIBIT
II attached  hereto,  (ii) an opinion of counsel  substantially  in the form set
forth in  Exhibit  III  attached  hereto,  and  (iii)  the  Buyer or its  broker
represent  and  warrant  to you,  in  writing,  that it has  complied  with  the
prospectus  delivery  requirements,  and that if the  Conversion  Shares are not
registered  for sale under the  Securities  Act of 1933,  as  amended,  then the
certificates for the Conversion Shares shall bear the following legend:

         "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
         REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  OR
         APPLICABLE  STATE  SECURITIES  LAWS. THE SECURITIES HAVE BEEN
         ACQUIRED  FOR  INVESTMENT  AND MAY NOT BE  OFFERED  FOR SALE,
         SOLD,  TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE
         REGISTRATION   STATEMENT   FOR  THE   SECURITIES   UNDER  THE
         SECURITIES  ACT OF 1933,  AS  AMENDED,  OR  APPLICABLE  STATE
         SECURITIES  LAWS,  OR  AN  OPINION  OF  COUNSEL,  IN  A  FORM
         REASONABLY  ACCEPTABLE TO THE COMPANY,  THAT  REGISTRATION IS
         NOT REQUIRED  UNDER SAID ACT OR APPLICABLE  STATE  SECURITIES
         LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT."

         The Company  hereby  confirms and  Continental  Stock  Transfer & Trust
Company ("CST")  acknowledges  that in the event Counsel to the Company does not
issue an opinion  of  counsel  as  required  in  accordance  with the  preceding
paragraph to issue the Conversion  Shares free of legend the Company  authorizes
and CST will accept an opinion of Counsel from David Gonzalez, Esq.

         The Company hereby  confirms to you and the Buyer that no  instructions
other  than as  contemplated  herein  will be given to you by the  Company  with
respect to the  Conversion  Shares.  The Company hereby agrees that it shall not
replace CST as the Company's transfer agent without the prior written consent of
the Buyer and except as set forth in the following paragraph.

                                       2

         Any attempt by CST to resign as transfer agent hereunder upon less than
fifteen  (15) days  written  notice to the  Company  and the Buyer  shall not be
effective until the expiration of such fifteen (15) day period.

         The Company and CST hereby  acknowledge and confirm that complying with
the terms of this  Agreement  shall be deemed to comply  with,  and shall not be
deemed to violate, any responsibilities and duties owed by CST to the Company.

         The  Company  and CST  acknowledge  that the  Buyer is  relying  on the
representations  and  covenants  made by the Company and CST hereunder and are a
material  inducement to the Buyer  purchasing  Convertible  Debentures under the
Securities  Purchase  Agreement.  The Company and CST further  acknowledge  that
without  such  representations  and  covenants  of  the  Company  and  CST  made
hereunder,  the Buyer would not enter into the Securities Purchase Agreement and
purchase Convertible Debentures pursuant thereto.

         Each party  hereto  specifically  acknowledges  and agrees  that in the
event of a breach  or  threatened  breach  by a party  hereto  of any  provision
hereof,  the Buyer will be irreparably  damaged and that damages at law would be
an inadequate remedy if these Irrevocable  Transfer Agent  Instructions were not
specifically enforced.  Therefore, in the event of a breach or threatened breach
by a party hereto, including,  without limitation,  the attempted termination of
the agency relationship created by this instrument, the Buyer shall be entitled,
in  addition  to any other  rights or  remedies  it may have,  to an  injunction
restraining such breach,  without being required to show any actual damage or to
post any bond or other security,  and/or to a decree for specific performance of
the provisions of these Irrevocable Transfer Agent Instructions.

                                    * * * * *

                                       3

         IN WITNESS  WHEREOF,  the parties  have  caused  this letter  agreement
regarding  Irrevocable  Transfer  Agent  Instructions  to be duly  executed  and
delivered as of the date first written above.

                                               COMPANY:

                                               ENCLAVES GROUP, INC.

                                               By: /s/ Daniel G. Hayes
                                                   -----------------------------
                                               Name:  Daniel G. Hayes
                                               Title: President & CEO

CONTINENTAL STOCK TRANSFER & TRUST COMPANY

By:
    --------------------------------------------------
Name:
      ------------------------------------------------
Title:
       -----------------------------------------------

                                       4

                                   SCHEDULE I

                               SCHEDULE OF BUYERS

                                                                                        Address/Facsimile
Name                                    Signature                                       Number of Buyer
----                                    ---------                                       ---------------

Cornell Capital Partners, LP            By:   Yorkville Advisors, LLC                101 Hudson Street - Suite 3700
                                        Its:  General Partner                        Jersey City, NJ  07303
                                                                                     Facsimile:        (201) 985-8266

                                        By:
                                              --------------------------
                                        Name: Mark A. Angelo
                                        Its:  Portfolio Manager

Montgomery Equity Partners, Ltd.                                                     101 Hudson Street - Suite 3700
                                                                                     Jersey City, NJ  07303
                                                                                     Facsimile:        (201) 985-8266

                                        By:
                                              --------------------------
                                        Name: Mark Angelo
                                        Its:  Portfolio Manager

Highgate House Funds, Ltd.                                                           101 Hudson Street - Suite 3700
                                                                                     Jersey City, NJ  07303
                                                                                     Facsimile:        (201) 985-8266

                                        By:
                                              --------------------------
                                        Name: Mark Angelo
                                        Its:  Portfolio Manager

                                  SCHEDULE I-1

                                    EXHIBIT I

                   TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                            FORM OF CONVERSION NOTICE

         Reference is made to the Securities Purchase Agreement (the "SECURITIES
PURCHASE  AGREEMENT")  between  Enclaves Group,  Inc. (the  "COMPANY"),  and the
Buyers set forth on Schedule I attached  thereto,  dated  December 28, 2004.  In
accordance  with  and  pursuant  to  the  Securities  Purchase  Agreement,   the
undersigned  hereby  elects to convert  convertible  debentures  into  shares of
common stock,  par value $0.001 per share (the "COMMON  STOCK"),  of the Company
for the amount indicated below as of the date specified below.

Conversion Date:
                                                        ------------------------

Amount to be converted:                                 $
                                                         -----------------------

Conversion Price:                                       $
                                                         -----------------------

Shares of Common Stock Issuable:

Amount of Debenture unconverted:                        $
                                                         -----------------------

Amount of Interest Converted:                           $
                                                         -----------------------

Conversion Price of Interest:                           $
                                                         -----------------------

Shares of Common Stock Issuable:

Amount of Liquidated Damages:                           $
                                                         -----------------------

Conversion Price of Liquidated Damages:                 $
                                                         -----------------------

Shares of Common Stock Issuable:
                                                        ------------------------

Total Number of shares of Common Stock to be issued:
                                                        ------------------------

                                   EXHIBIT I-1

Please  issue  the  shares  of  Common  Stock in the  following  name and to the
following address:

Issue to:
                                                        ------------------------

Authorized Signature:
                                                        ------------------------

Name:
                                                        ------------------------

Title:
                                                        ------------------------

Phone #:
                                                        ------------------------

Broker DTC Participant Code:
                                                        ------------------------

Account Number*:
                                                        ------------------------

     * NOTE THAT RECEIVING BROKER MUST INITIATE TRANSACTION ON DWAC SYSTEM.

                                       2

                                   EXHIBIT II

                   TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                         FORM OF NOTICE OF EFFECTIVENESS
                            OF REGISTRATION STATEMENT

, 2005
--------

------------------------------
------------------------------
------------------------------
Attention:

         RE:      ENCLAVES GROUP, INC.

Ladies and Gentlemen:

         We are counsel to Enclaves  Group,  Inc., a Delaware  corporation  (the
"COMPANY"),  and have  represented  the Company in connection  with that certain
Securities  Purchase  Agreement,  dated as of December 28, 2005 (the "SECURITIES
PURCHASE  AGREEMENT"),  entered into by and among the Company and the Buyers set
forth on Schedule I attached  thereto  (collectively  the  "BUYER")  pursuant to
which the Company has sold to the Buyer Five Million and Five  Hundred  Thousand
Dollars   ($5,500,000)  in  aggregate   original  principal  amount  of  secured
convertible  debentures,  which are  convertible  into shares  (the  "CONVERSION
SHARES") of the Company's  common stock, par value $0.001 per share (the "COMMON
STOCK"),  in accordance  with the terms of the  Securities  Purchase  Agreement.
Pursuant to the Securities Purchase Agreement, the Company also has entered into
an Amended and Restated Registration Rights Agreement,  dated as of November __,
2005, with the Buyer (the "INVESTOR  REGISTRATION RIGHTS AGREEMENT") pursuant to
which the Company agreed,  among other things, to register the Conversion Shares
under the  Securities  Act of 1933,  as amended (the "1933 ACT").  In connection
with the Company's  obligations under the Securities  Purchase Agreement and the
Registration  Rights  Agreement,  on November  __,  2005,  the  Company  filed a
Registration  Statement (File No. ___-_________) (the "REGISTRATION  STATEMENT")
with the Securities and Exchange  Commission (the "SEC") relating to the sale of
the Conversion Shares.

         In connection  with the  foregoing,  we advise you that a member of the
SEC's  staff has  advised  us by  telephone  that the SEC has  entered  an order
declaring the Registration  Statement  effective under the 1933 Act at 5:00 P.M.
on  __________,  2005 and we have no knowledge,  after  telephonic  inquiry of a
member of the SEC's staff,  that any stop order suspending its effectiveness has
been issued or that any  proceedings  for that  purpose are pending  before,  or
threatened  by, the SEC and the  Conversion  Shares are available for sale under
the 1933 Act pursuant to the Registration Statement.

                                  EXHIBIT II-1

         The Buyer has  confirmed it shall comply with all  securities  laws and
regulations   applicable  to  it  including   applicable   prospectus   delivery
requirements upon sale of the Conversion Shares.

                                              Very truly yours,

                                              [COMPANY COUNSEL]

                                              By:
                                                  ------------------------------

                                  EXHIBIT II-2

                                   EXHIBIT III

                   TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                                 FORM OF OPINION

                                                          _________________ 2005

_________________ Transfer Co.
[ADD ADDRESS]_________________

Attention:        Compliance Department

                  Re:      Enclaves Group, Inc.
                           --------------------

Ladies and Gentlemen:

         Enclaves Group, Inc., a Delaware corporation (the "Company"), has filed
with the  Securities and Exchange  Commission a  Registration  Statement on Form
S-_,  file  no.  333-_________  (the  "Registration  Statement"),  which  became
effective  under  the  Securities  Act of  1933,  as  amended  (the  "Act"),  on
______________,  2005.  The  Registration  Statement and the related  prospectus
relates to up to  ________________  shares of common stock, $0.001 par value, of
the Company (the "Common Stock"),  which may be sold by the stockholders  listed
on Exhibit A to this opinion (the "Sellers").

         Unless we  advise  you  otherwise,  upon your  receipt  of  appropriate
written  representations  from the broker-dealers  acting for the Sellers to the
effect  that (i) the number of shares of Common  Stock sold by them  (limited to
the number listed opposite their  respective names in Exhibit A attached hereto)
have  been  sold  pursuant  to the  Registration  Statement  and (ii)  they have
delivered  a copy of the  Company's  prospectus  dated  __________,  2005 to the
purchasers  of  such  shares  of  Common  Stock,  you  may  issue   certificates
representing  such shares in the names of the transferees of the Sellers without
legend  regarding  restrictions  on  transfer  under the Act and remove all stop
transfer  orders with respect to the sold shares with respect to restrictions on
transfer under the Act.

         This letter is for your benefit only with respect to the matters as set
forth  above  and may not be relied  upon by any  other  person or for any other
purpose.

                                                              Very truly yours,

                                  EXHIBIT III-1

                                   EXHIBIT "A"

                         (LIST OF SELLING STOCKHOLDERS)

Name:                                                     No. of Shares:
-------------------------------------------------------   ----------------------

                                   EXHIBIT A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]