Document:

THESE SECURITIES MAY NOT BE OFFERED OR SOLD UNLESS AT THE TIME OF SUCH
    OFFER OR SALE, THE PERSON MAKING SUCH OFFER OR SALE DELIVERS A PROSPECTUS
    MEETING THE REQUIREMENTS OF SECTION 10 OF THE SECURITIES ACT OF 1933, AS
         AMENDED ("ACT"), FORMING A PART OF A REGISTRATION STATEMENT, OR
      POST-EFFECTIVE AMENDMENT THERETO, WHICH IS EFFECTIVE UNDER SAID ACT,
   UNLESS IN THE OPINION OF COUNSEL TO THE CORPORATION, SUCH OFFER AND SALE IS
              EXEMPT FROM THE PROVISIONS OF SECTION 5 OF SAID ACT.

                           NEW CENTURY COMPANIES, INC.

                          COMMON STOCK PURCHASE WARRANT

      New Century  Companies,  Inc.  (the  "Company"),  a Delaware  corporation,
hereby certifies that, for value received of $.001 per Warrant, Motivated Minds,
LLC, an Arizona limited liability company (the "Holder"),  whose address is 3116
E. Shea Boulevard, PMB 191, Phoenix, Arizona 85028, is entitled,  subject to the
terms set forth below at any time or from time to time after the date hereof and
before the  Expiration  Date (as defined  below),  to purchase  from the Company
454,545  shares (the "Shares") of Common Stock,  $.001 par value,  at a price of
$.66 per Share (the  purchase  price per Share,  as  adjusted  from time to time
pursuant to the provisions  hereunder set forth,  is referred to in this Warrant
as the "Purchase Price").

      This Warrant was issued to the Holder in  connection  with the loan by the
Holder to the Company  evidenced by a Series A Convertible  Note (the "Note") in
the principal amount of $300,000.

1. TERMS OF THE WARRANT.

      1.1 Time of Exercise. Subject to the provisions of Sections 1.5, "Transfer
and  Assignment,"  and 3.1,  "Registration  and  Legends,"  this  Warrant may be
exercised at any time and from time to time after 9:00 a.m., P.S.T., on February
15,  2006 (the  "Exercise  Commencement  Date"),  but no later  than 5:00  p.m.,
P.S.T.,  February  14,  2011 (the  "Expiration  Date"),  at which point it shall
become void and all rights under this Warrant shall cease.

      1.2 Manner of Exercise.

            1.2.1 Upon  compliance  with and subject to the conditions set forth
in this Warrant, the Holder may exercise this Warrant, in whole or in part, upon
surrender  of this Warrant with the form of  subscription  attached  hereto duly
executed to the Company at its corporate office at the address indicated in this
Warrant,  together with the full  Purchase  Price for each Share to be purchased
(i) in lawful money of the United States,  or by certified check,  bank draft or
postal or express money order  payable in United States  dollars to the order of
the Company or (ii) a manner acceptable to the Company.

            1.2.2 Upon  receipt of this  Warrant  with the form of  subscription
duly executed and accompanied by payment of the aggregate Purchase Price for the
Shares for which this Warrant is then being  exercised,  the Company shall cause
to be issued  certificates or other evidence of ownership,  for the total number
of whole Shares for which this Warrant is being exercised in such  denominations
as are  required  for delivery to the Holder,  and the Company  shall  thereupon
deliver such documents to the Holder or its nominee.

<PAGE>

            1.2.3 If the Holder  exercises  this  Warrant  with respect to fewer
than all of the Shares that may be  purchased  under this  Warrant,  the Company
shall  execute a new Warrant for the balance of the Shares that may be purchased
upon exercise of this Warrant and deliver such new Warrant to the Holder.

            1.2.4 The Company covenants and agrees that it will pay when due and
payable any and all  transfer or issuance  taxes which may be payable in respect
of the issue of this  Warrant,  or the issue of any Shares upon the  exercise of
this Warrant.  The Company shall not, however,  be required to pay any tax which
may be payable in respect of any  transfer  involved in the issuance or delivery
of this  Warrant or of the Shares in a name other than that of the Holder at the
time of  surrender,  and until the payment of such tax, the Company shall not be
required to issue such Shares.

            1.2.5 The Company shall,  at the time of any exercise of all or part
of this Warrant,  upon the request of the Holder hereof,  acknowledge in writing
its  continuing  obligation  to afford to such  Holder  any rights to which such
Holders shall continue to be entitled after such exercise in accordance with the
provisions  of this  Warrant,  provided that if the Holder of this Warrant shall
fail to make any such  request,  such  failure  shall not affect the  continuing
obligations of the Company to afford to such Holder any such rights.

      1.3  Exchange  of  Warrant.  This  Warrant  may be  split-up,  combined or
exchanged  for  another  Warrant or  Warrants  of like tenor to  purchase a like
aggregate  number of Shares.  If the  Holder  desires  to  split-up,  combine or
exchange  this Warrant,  it shall make such request in writing  delivered to the
Company at its corporate  office and shall  surrender this Warrant and any other
Warrants to be so split-up, combined or exchanged, the Company shall execute and
deliver to the person  entitled  thereto a Warrant or Warrants,  as the case may
be, as so  requested.  The Company shall not be required to effect any split-up,
combination or exchange which will result in the issuance of a Warrant entitling
the Holder to  purchase  upon  exercise a fraction  of a Share.  The Company may
require  the  Holder to pay a sum  sufficient  to cover any tax or  governmental
charge  that may be imposed in  connection  with any  split-up,  combination  or
exchange of Warrants.  The term  "Warrant" as used herein  includes any Warrants
issued in  substitution  for or replacement of this Warrant,  or into which this
Warrant may be divided or exchanged.

      1.4 Holder as Owner. Prior to due presentment for registration of transfer
of this Warrant, the Company may deem and treat the Holder as the absolute owner
of this Warrant  (notwithstanding  any  notation of  ownership or other  writing
hereon) for the purpose of any exercise hereof and for all other  purposes,  and
the Company shall not be affected by any notice to the contrary. Irrespective of
the date of issue and delivery of certificates  for any Shares issuable upon the
exercise  of the  Warrant,  each  person in whose name any such  certificate  is
issued  shall be  deemed to have  become  the  holder  of  record of the  Shares
represented  thereby  on the  date on  which  all or a  portion  of the  Warrant
surrendered in connection  with the  subscription  therefor was  surrendered and
payment of the purchase price was tendered.  No surrender of all or a portion of
the Warrant on any date when the stock transfer books of the Company are closed,
however,  shall be effective  to  constitute  the person or persons  entitled to
receive  Shares upon such  surrender as the record holder of such Shares on such
date,  but such  person or persons  shall be  constituted  the record  holder or
holders of such Shares at the close of business on the next  succeeding  date on
which the stock  transfer  books are  opened.  Each  person  holding  any Shares
received upon exercise of Warrant shall be entitled to receive only dividends or
distributions  payable  to  holders of record on or after the date on which such
person shall be deemed to have become the holder of record of such Shares.

                                      -2-
<PAGE>

      1.5 Transfer and Assignment.  This Warrant may not be sold,  hypothecated,
exercised,  assigned or transferred except in accordance with and subject to the
provisions of the Securities Act of 1933, as amended (the "Act").

      1.6 Method for  Assignment.  Any assignment  permitted  under this Warrant
shall be made by  surrender  of this  Warrant to the  Company  at its  principal
office  with the form of  assignment  attached  hereto duly  executed  and funds
sufficient to pay any transfer tax. In such event,  the Company  shall,  without
charge, execute and deliver a new Warrant in the name of the assignee designated
in such  instrument of assignment  and this Warrant shall  promptly be canceled.
This Warrant may be divided or combined with other Warrants which carry the same
rights upon presentation thereof at the corporate office of the Company together
with  a  written  notice  signed  by  the  Holder,   specifying  the  names  and
denominations in which such new Warrants are to be issued.

      1.7 Rights of Holder. Nothing contained in this Warrant shall be construed
as conferring  upon the Holder the right to vote or consent or receive notice as
a  stockholder  in respect of any meetings of  stockholders  for the election of
directors  or  any  other  matter,  or as  having  any  rights  whatsoever  as a
stockholder of the Company.  If, however, at any time prior to the expiration of
this Warrant and prior to its exercise, any of the following shall occur:

            1.7.1 The  Company  shall take a record of the holders of its shares
of Common  Stock for the  purpose of  entitling  them to  receive a dividend  or
distribution  payable otherwise than in cash, or a cash dividend or distribution
payable otherwise than out of current or retained earnings,  as indicated by the
accounting  treatment  of such  dividend  or  distribution  on the  books of the
Company; or

            1.7.2 The Company shall offer to the holders of its Common Stock any
additional shares of capital stock of the Company or securities convertible into
or exchangeable for shares of capital stock of the Company, or any option, right
or warrant to subscribe therefor; or

            1.7.3  There  shall  be  proposed  any  capital   reorganization  or
reclassification  of the Common Stock, or a sale of all or substantially  all of
the assets of the  Company,  or a  consolidation  or merger of the Company  with
another entity; or

            1.7.4  There  shall  be   proposed  a   voluntary   or   involuntary
dissolution,  liquidation or winding up of the Company; then, in any one or more
of said  cases,  the  Company  shall  cause to be mailed to the  Holder,  at the
earliest  practicable  time (and,  in any event,  not less than thirty (30) days
before any record date or other date set for definitive action),  written notice
of the date on which the books of the Company  shall close or a record  shall be
taken to determine the  stockholders  entitled to such  dividend,  distribution,
convertible or exchangeable  securities or subscription  rights,  or entitled to
vote on such  reorganization,  reclassification,  sale,  consolidation,  merger,
dissolution,  liquidation  or winding up, as the case may be. Such notice  shall
also set forth such facts as shall  indicate  the effect of such  action (to the
extent  such  effect may be known at the date of such  notice)  on the  Purchase
Price and the kind and  amount of the  Common  Stock  and other  securities  and
property  deliverable  upon  exercise of this  Warrant.  Such notice  shall also
specify  the date as of which the  holders of the Common  Stock of record  shall
participate in said distribution or subscription  rights or shall be entitled to
exchange their Common Stock for securities or other  property  deliverable  upon
such reorganization, reclassification, sale, consolidation, merger, dissolution,
liquidation  or winding up, as the case may be (on which  date,  in the event of
voluntary or involuntary dissolution,  liquidation or winding up of the Company,
the right to exercise  this  Warrant  shall  terminate).  Without  limiting  the
obligation of the Company to provide notice to the holder of actions  hereunder,
it is agreed that  failure of the Company to give  notice  shall not  invalidate
such action of the Company.

                                      -3-
<PAGE>

      1.8 Lost Warrant  Certificate(s).  Upon receipt by the Company of evidence
satisfactory  to it of the  loss,  theft,  destruction  or  mutilation  of  this
Warrant,  and,  in  the  case  of  loss,  theft  or  destruction  of  reasonably
satisfactory  indemnification,  including  a  surety  bond  if  required  by the
Company, and upon surrender and cancellation of this Warrant, if mutilated,  the
Company will cause to be executed and  delivered a new Warrant of like tenor and
date. Any such new Warrant executed and delivered shall constitute an additional
contractual  obligation on the part of the Company,  whether or not this Warrant
so lost,  stolen,  destroyed,  or mutilated shall be at any time  enforceable by
anyone.

      1.9 Covenants of the Company. The Company covenants and agrees as follows:

            1.9.1 At all  times  it shall  reserve  and keep  available  for the
exercise of this Warrant into Common Stock such number of  authorized  shares of
Common  Stock as are  sufficient  to permit the exercise in full of this Warrant
into Common Stock; and

            1.9.2 All Shares  issued upon  exercise of the Warrant shall be duly
authorized, validly issued and outstanding, fully-paid and non-assessable.

            1.10  Limitation  on  Exercise  Rights.  Notwithstanding  any  other
provision  of Section 1 to the  contrary,  the Holder  shall not be  entitled to
exercise  this  Warrant or convert the Note into Common  Stock in excess of that
number of shares of Common Stock which,  upon giving effect to such  conversion,
would cause the aggregate number of shares of Common Stock beneficially owned by
the Holder and its  Affiliates to exceed 4.9% of the  outstanding  shares of the
Common Stock following such conversion. For purposes of the foregoing provision,
the aggregate number of shares of Common Stock  beneficially owned by the Holder
and  its  Affiliates  shall  include  the  number  of  shares  of  Common  Stock
beneficially  owned and those shares  issuable upon exercise of the Warrant with
respect to which the  determination  of such  provision is being made, but shall
exclude  the number of shares of Common  Stock that would be  issuable  upon (i)
exercise  of the  remaining  portion of the  Warrant  beneficially  owned by the
Holder and (ii) exercise or conversion of the unexercised or unconverted portion
of any other securities of the Company into Common Stock  beneficially  owned by
the Holder and its Affiliates  that are subject to a limitation on conversion or
exercise  analogous to the limitation  contained in this Warrant,  including but
not limited to the Note. For purposes of this Section, in determining the number
of  outstanding  shares of Common  Stock the  Holder  may rely on the  number of
outstanding shares of Common Stock as reflected in (a) the Company's most recent
Form  10-Q or  Form  10-K,  as the  case  may  be,  or (b)  more  recent  public
announcement  by the  Company  or (c) any  other  written  communication  by the
Company or its Transfer Agent setting forth the number of shares of Common Stock
outstanding.  Upon the  reasonable  written or oral  request of the Holder,  the
Company shall promptly confirm orally and in writing to the Holder the number of
shares of Common Stock then outstanding.  In any case, the number of outstanding
shares  of  Common  Stock  shall  be  determined  after  giving  effect  to  any
conversions,  exercises  or  purchases  by the Holder since the date as of which
such  number  of  outstanding  shares of Common  Stock was  reported.  Except as
otherwise  set  forth  herein,  beneficial  ownership  shall  be  determined  in
accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended
(the  "Exchange  Act").  For purposes of this  Warrant,  an  "Affiliate"  of any
specified  Person means any other Person  directly or indirectly  controlling or
controlled by or under common  control with such  specified  Person.  A "Person"
means any individual, corporation,  partnership, joint venture, trust, estate or
unincorporated organization.

                                      -4-
<PAGE>

2. ADJUSTMENT OF PURCHASE PRICE AND NUMBER OF SHARES PURCHASABLE UPON EXERCISE.

      2.1 Recapitalization. The number of Shares purchasable on exercise of this
Warrant and the Purchase Price therefor shall be subject to adjustment from time
to time in the event that the Company  shall:  (i) pay a dividend  in, or make a
distribution of, shares of Common Stock;  (ii) subdivide its outstanding  shares
of Common Stock into a greater number of shares;  (iii) combine its  outstanding
shares of Common  Stock  into a smaller  number of  shares;  or (iv)  spin-off a
subsidiary by distributing, as a dividend or otherwise, shares of the subsidiary
to its stockholders. In any such case, the total number of shares purchasable on
exercise of this Warrant immediately prior thereto shall be adjusted so that the
Holder shall be entitled to receive,  at the same aggregate  purchase price, the
number of shares of Common  Stock that the Holder would have owned or would have
been  entitled to receive  immediately  following  the  occurrence of any of the
events described above had this Warrant been exercised in full immediately prior
to the occurrence (or applicable  record date) of such event. An adjustment made
pursuant  to  this  Paragraph  2  shall,  in the  case of a  stock  dividend  or
distribution, be made as of the record date and, in the case of a subdivision or
combination,  be made as of the effective  date thereof.  If, as a result of any
adjustment  pursuant to this  Paragraph 2, the Holder  shall become  entitled to
receive  shares of two or more classes of series of  securities  of the Company,
the Board of Directors of the Company shall  equitably  determine the allocation
of the adjusted  purchase  price  between or among shares or other units of such
classes or series and shall notify the Holder of such allocation.

      2.2  Merger  or  Consolidation.  In the  event  of any  reorganization  or
recapitalization of the Company or in the event the Company consolidates with or
merges into another entity or transfers all or  substantially  all of its assets
to another entity,  then and in each such event, the Holder, on exercise of this
Warrant  as  provided  herein,  at any  time  after  the  consummation  of  such
reorganization,  recapitalization,  consolidation,  merger or transfer, shall be
entitled,  and the documents executed to effectuate such event shall so provide,
to receive the stock or other  securities  or property to which the Holder would
have been  entitled  upon such  consummation  if the Holder had  exercised  this
Warrant immediately prior thereto. In such case, the terms of this Warrant shall
survive  the   consummation  of  any  such   reorganization,   recapitalization,
consolidation, merger or transfer and shall be applicable to the shares of stock
or other securities or property receivable on the exercise of this Warrant after
such consummation.  and as an exchange for a larger or smaller number of shares,
as the case may be.

                                      -5-
<PAGE>

      2.3 Notice of Dissolution or Liquidation.  Except as otherwise provided in
Section 2.2, "Merger or Consolidation," in the case of any sale or conveyance of
all or substantially  all of the assets of the Company in connection with a plan
of  complete  liquidation  of the  Company,  or in the case of the  dissolution,
liquidation  or winding-up  of the Company,  all rights under this Warrant shall
terminate on a date fixed by the  Company,  such date so fixed to be not earlier
than the  date of the  commencement  of the  proceedings  for such  dissolution,
liquidation  or  winding-up  and not later  than  thirty  (30) days  after  such
commencement  date. Notice of such termination of purchase rights shall be given
to the Holder at least thirty (30) days prior to such termination date.

      2.4 Statement of Adjustment.  Any adjustment pursuant to the provisions of
this  Section  2 shall be made on the basis of the  number  of Shares  which the
Holder  would  have  been  entitled  to  acquire  by  exercise  of this  Warrant
immediately  prior to the event  giving rise to such  adjustment  and, as to the
Purchase  Price in  effect  immediately  prior  to the rise to such  adjustment.
Whenever any such adjustment is required to be made, the Company shall forthwith
determine  the new number of Shares which the Holder hereof shall be entitled to
purchase  hereunder and/or such new Purchase Price and shall prepare,  retain on
file and transmit to the Holder  within ten (10) days after such  preparation  a
statement  describing in reasonable  detail the method used in calculating  such
adjustment.

      2.5 No  Fractional  Shares.  The Company shall not issue any fraction of a
Share in connection with the exercise of this Warrant, and in any case where the
Holder would,  except for the  provisions of this Section 2.5, be entitled under
the terms of this  Warrant to receive a fraction of a Share upon such  exercise,
the Company shall upon the exercise and receipt of the Purchase Price, issue the
largest number of whole Shares  purchasable  upon exercise of this Warrant.  The
Company shall not be required to make any cash or other adjustment in respect of
such  fraction of a Share to which the Holder would  otherwise be entitled.  The
Holder, by the acceptance of this Warrant, expressly waives his right to receive
a certificate for any fraction of a Share upon exercise hereof.

      2.6 No Change in Form  Required.  The form of Warrant  need not be changed
because of any change pursuant to this Section 2 in the Purchase Price or in the
number of Shares purchasable upon the exercise of a Warrant,  may state the same
Purchase  Price and the same  number of shares of Common  Stock as are stated in
the Warrants initially issued pursuant to the Agreement.

                                      -6-
<PAGE>

3. REGISTRATION UNDER THE SECURITIES ACT OF 1933.

      3.1  Registration  and  Legends.  The  Holder  has  conducted  its own due
diligence  regarding  its  investment in the Warrant and the  underlying  Common
Stock and the Company.  The Holder understands and can bear the risks associated
with this investment, including the loss of its entire investment in the Warrant
and underlying Common Stock. The Holder is an Accredited Investor,  as such term
is defined Rule 501(a) of  Regulation  D under the Act.  The Holder  understands
that (i) the Company has not registered the Warrant or the Shares under the Act,
or the applicable  securities  laws of any state in reliance on exemptions  from
registration and (ii) such exemptions depend upon the Holder's investment intent
at the time the Holder acquires the Warrant or the Shares.  The Holder therefore
represents  and warrants that it is acquiring the Warrant,  and will acquire the
Shares,  for the  Holder's  own  account for  investment  and not with a view to
distribution, assignment, resale or other transfer of the Warrant or the Shares.
Because the Warrant and the Shares are not registered,  the Holder is aware that
the Holder must hold them indefinitely  unless they are registered under the Act
and any applicable  securities  laws or the Holder must obtain  exemptions  from
such  registration.  Upon exercise,  in part or in whole,  of this Warrant,  the
Shares shall bear the following legend:

                  The shares of Common  Stock  represented  by this  certificate
            have  not been  registered  under  the  Securities  Act of 1933,  as
            amended ("Act") or any applicable  state  securities  laws, and they
            may  not  be  offered  for  sale,  sold,  transferred,   pledged  or
            hypothecated without an effective  registration  statement under the
            Act and under any applicable state securities laws, or an opinion of
            counsel,  satisfactory  to the company,  that an exemption from such
            registration is available.

      3.2 No-Action Letter. The Company agrees that it will be satisfied that no
post-effective  amendment or new registration is required for the public sale of
the  Shares  if it  shall be  presented  with a  letter  from  the  Staff of the
Securities and Exchange Commission (the  "Commission"),  stating in effect that,
based upon stated  facts  which the Company  shall have no reason to believe are
not true in any material respect, the Staff will not recommend any action to the
Commission if such Shares are offered and sold without delivery of a prospectus,
and that, therefore, no Registration Statement under which such shares are to be
registered is required to be filed.

      3.3  Registration  Rights.  The Holder of the Note and Warrant,  or Common
Stock issued to the Holder without an effective Registration Statement under the
Act (the  "Restricted  Shares"),  shall  have the  right,  under  the terms of a
Registration  Rights Agreement between the Holder and the Company,  to cause the
Company  register  the  Common  Stock  underlying  the  Note  and  Warrant  (the
"Underlying  Common  Stock") or Restricted  Shares as provided in a Registration
Statement under the Act filed by the Company with the Commission.

      3.4 Rule 144.  The  Company has  registered  a class of  securities  under
Section 12 of the  Exchange  Act or and has filed  reports  under  Section 13 or
15(d) of the  Exchange  Act.  At the  request  of the  Holder,  when the  Holder
proposes to sell  securities in compliance with Rule 144 of the SEC, the Company
will (i) forthwith  furnish to the Holder a written statement of compliance with
the filing  requirements  of the SEC as set forth in Rule 144, as such rules may
be  amended  from time to time and (ii) make  available  to the  public  and the
Holder such information and take such other action as it requested by the Holder
as will enable the Holder to make sales pursuant to Rule 144.

      3.5  Agreements.  The  agreements in this Section shall continue in effect
regardless of the exercise and surrender of this Warrant.

                                      -7-
<PAGE>

4.  RESERVATION  OF SHARES.  The  Company  shall at all times  reserve,  for the
purpose of issuance on exercise of this  Warrant such number of shares of Common
Stock or such class or classes of  capital  stock or other  securities  as shall
from time to time be  sufficient  to comply  with this  Warrant  and the Company
shall take such  corporate  action as may,  in the  opinion of its  counsel,  be
necessary to increase  its  authorized  and unissued  Common Stock or such other
class or classes of capital stock or other securities to such number as shall be
sufficient for that purpose.

5. SURVIVAL.  All agreements,  covenants,  representations and warranties herein
shall survive the  execution and delivery of this Warrant and any  investigation
at any time made by or on behalf of any parties  hereto and the  exercise,  sale
and purchase of this Warrant (and any other securities or property)  issuable on
exercise hereof.

6. REMEDIES.  The Company agrees that the remedies at law of the Holder,  in the
event of any default or threatened  default by the Company in the performance or
compliance  with any of the terms of this Warrant,  may not be adequate and such
terms may, in addition to and not in lieu of any other remedy,  be  specifically
enforced by a decree of specific  performance of any agreement  contained herein
or by an injunction against a violation of any of the terms hereof or otherwise.

7. OTHER MATTERS.

      7.1 Binding Effect. All the covenants and provisions of this Warrant by or
for the  benefit  of the  Company  shall  bind and inure to the  benefit  of its
successors and assigns hereunder.

      7.2  Notices.  Notices or demands  pursuant to this Warrant to be given or
made by the Holder to or on the Company shall be  sufficiently  given or made if
sent by certified or registered mail, return receipt requested, postage prepaid,
and addressed, until another address is designated in writing by the Company, as
follows:

                        New Century Companies, Inc.
                        9835 Santa Fe Springs Road
                        Santa Fe Springs, CA  90670

Notices to the Holder provided for in this Warrant shall be deemed given or made
by the  Company  if  sent  by  certified  or  registered  mail,  return  receipt
requested,  postage  prepaid,  and  addressed to the Holder at the Holder's last
known address as it shall appear on the books of the Company.

      7.3 Governing Law. The validity,  interpretation  and  performance of this
Warrant shall be governed by the laws of the State of Arizona.

      7.4 Parties Bound and  Benefitted.  Nothing in this Warrant  expressed and
nothing that may be implied from any of the  provisions  hereof is intended,  or
shall be construed,  to confer upon, or give to, any person or corporation other
than the  Company  and the Holder any right,  remedy or claim  under  promise or
agreement  hereof,  and all covenants,  conditions,  stipulations,  promises and
agreements contained in this Warrant shall be for the sole and exclusive benefit
of the Company and its  successors  and of the Holder,  its  successors  and, if
permitted, its assignees.

                                      -8-
<PAGE>

      7.5 Headings. The Article headings herein are for convenience only and are
not part of this Warrant and shall not affect the interpretation thereof.

      IN WITNESS  WHEREOF,  this  Warrant has been duly  executed by the Company
under its corporate seal as of the 15th day of February, 2006.

                                          NEW CENTURY COMPANIES, INC.

                                          By:/s/ David Duquette
                                             ----------------------------------
                                                 David Duquette
                                                 Chief Executive Officer

                                      -9-
<PAGE>

                          NEW CENTURY COMPANIES, INC.

                                   ASSIGNMENT

FOR VALUE RECEIVED,  _____________________________________ hereby sells, assigns
and transfers  unto  ______________________________________________________  the
within Warrant and the rights represented  thereby,  and does hereby irrevocably
constitute  and  appoint  ______________________________________   Attorney,  to
transfer  said  Warrant  on the  books  of  the  Company,  with  full  power  of
substitution.

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

                                     Signed:
                                            ------------------------------------

                                     Print Name:
                                                --------------------------------

<PAGE>

                                SUBSCRIPTION FORM

                           NEW CENTURY COMPANIES, INC.
                           9835 Santa Fe Springs Road
                           Santa Fe Springs, CA 90670

      The undersigned  hereby  irrevocably  subscribes for the purchase of _____
shares of Common Stock (the  "Shares"),  pursuant to and in accordance  with the
terms and conditions of this Warrant,  and herewith makes payment,  covering the
purchase of the Shares,  which  should be delivered  to the  undersigned  at the
address  stated  below,  and, if such  number of Shares  shall not be all of the
Shares purchasable  hereunder,  then a new Warrant of like tenor for the balance
of the  remaining  Shares  purchasable  under this  Warrant be  delivered to the
undersigned at the address stated below.

      The  undersigned  agrees that: (1) the undersigned  will not offer,  sell,
transfer  or  otherwise  dispose  of  any  such  Shares,  unless  either  (a)  a
registration  statement,  or  post-effective  amendment  thereto,  covering such
Shares have been filed with the Securities and Exchange  Commission  pursuant to
the Securities Act of 1933, as amended (the "Act"),  and such sale,  transfer or
other  disposition is accompanied by a prospectus  meeting the  requirements  of
Section  10 of the  Act  forming  a part  of  such  registration  statement,  or
post-effective  amendment thereto, which is in effect under the Act covering the
Shares to be so sold,  transferred  or otherwise  disposed of, or (b) counsel to
New Century Companies,  Inc. (the "Company") satisfactory to the undersigned has
rendered an opinion in writing and  addressed to the Company that such  proposed
offer,  sale,  transfer  or other  disposition  of the Shares is exempt from the
provisions of Section 5 of the Act in view of the circumstances of such proposed
offer,  sale,  transfer  or other  disposition;  (2) the  Company may notify the
transfer agent for its Common Stock that the  certificates  for the Common Stock
acquired by the undersigned are not to be transferred  unless the transfer agent
receives advice from the Company that one or both of the conditions  referred to
in (1)(a) and (1)(b)  above have been  satisfied;  and (3) the Company may affix
the legend  set forth in Section  3.1 of this  Warrant to the  certificates  for
Shares hereby subscribed for, if such legend is applicable.

Dated:                               Signed:
       -------------------------           -------------------------------------
                                     Address:
                                             -----------------------------------

                                             -----------------------------------REGISTRATION RIGHTS AGREEMENT

      This REGISTRATION RIGHTS AGREEMENT (the "Agreement") is entered into as of
February  15,  2006,  by and among  NEW  CENTURY  COMPANIES,  INC.,  a  Delaware
corporation  (the  "Company"),  and  the  parties  who are  signatories  to this
Agreement (collectively referred to as the "Holders").

      WHEREAS,  the Company issued to Motivated  Minds,  LLC, an Arizona limited
liability  company  and one of the  Holders  ("Motivated  Minds"),  a  Series  A
Convertible  Note (the "Note"),  certain shares of restricted  Common Stock (the
"Restricted  Stock")  and one Common  Stock  Purchase  Warrant  (the  "Warrant")
exercisable  to purchase  454,545  shares of Common Stock at a price of $.66 per
share;

      WHEREAS,  the Company issued Warrants (also referred to as the "Warrants")
to  Source  Capital  Group,  Inc.  and  Ascendiant  Securities,  LLC,  or  their
respective designees,  for their services in connection with the issuance of the
Note and funding of the loan represented by the Note;

      WHEREAS,  in order to induce  Motivated Minds to make the loan represented
by the Note and the other Holders to perform certain services in connection with
such  transaction,  the Company has entered into this  Agreement to register for
the  Holders  the  Restricted  Stock  and the  Common  Stock  issuable  (i) upon
conversion of the Note (the "Conversion Shares");  (ii) exercise of the Warrants
(the "Warrant Shares") and (iii) in payment of Interest under the Note under the
Securities  Act of  1933,  as  amended  (the  "Act"),  in  accordance  with  the
provisions of this Agreement; and

      WHEREAS,  the Restricted  Stock,  Conversion Shares and Warrant Shares are
collectively referred to in this Agreement as the "Registrable Securities."

      NOW,  THEREFORE,  in  consideration  of the mutual  promises and covenants
contained in this Agreement, the parties hereto agree as follows:

I. PIGGYBACK REGISTRATION.

      1.1 Right To  Piggyback.  During the period  beginning  on the date of the
issuance  of the  Note  through  the  fifth  (5th)  year  from  the date of such
issuance,  whenever the Company proposes to register any of its securities under
the Act (other than a registration  on Form S-4 or S-8 or any similar  successor
form) and the  registration  form to be used may be used for the registration of
the Shares (a "Piggyback  Registration"),  the Company will give prompt  written
notice to the Holders of its  intention to effect such a  registration  and will
include in such  registration  all Registrable  Securities with respect to which
the Company has received  written  requests for inclusion  therein within twenty
(20) days after the Holders' receipt of the Company's notice; provided, that (i)
if, at any time after  giving  written  notice of its  intention to register any
securities but prior to the effective date of the  registration  statement filed
in connection with such registration, the Company shall determine for any reason
to  terminate  or withdraw  such  registration,  the Company  shall give written
notice  of such  determination  to the  Holders  and the  Company  shall  not be
relieved of its obligation to register such Registrable  Securities  pursuant to
this Section 1 and (ii) if such registration involves an underwritten  offering,
the Holders must sell their  Registrable  Securities to the underwriters of such
offering  on the same  terms and  conditions  as apply to the  Company  or other
holders of Registrable  Securities for whose account  securities are to be sold,
as the  case  may be.  If a  registration  requested  pursuant  to this  Section
involves an underwritten public offering,  the Holders may elect in writing, not
later  than  three  (3) days  prior  to the  effectiveness  of the  registration
statement  filed  in  connection  with  such  registration,   not  to  sell  the
Registrable  Securities in connection  with such  registration.  Any Registrable
Securities  excluded or withdrawn from such underwriting shall be withdrawn from
such registration.  The Company will keep the registration statement filed under
this Agreement continuously effective for the term of the Registrable Securities
or until all of the Holders  have  exercised  all of their  Warrants,  whichever
occurs first.

                                       1
<PAGE>

      The  terms  "register,"   "registered"  and  "registration"   refer  to  a
registration  effected  by  preparing  and filing a  registration  statement  in
compliance with the Act, and the declaration or ordering of the effectiveness of
such registration statement.

      1.2 Piggyback Expenses.  The Registration  Expenses (as defined in Section
2) of the Piggyback  Registrations  and all  Registration  Expenses  incurred in
connection with any registration,  qualification or compliance  pursuant to this
Agreement shall be paid by the Company.

      1.3 Priority in Piggyback  Registrations.  If (i) a Piggyback Registration
pursuant to this Section 1 involves an  underwritten  offering of the securities
so being registered,  whether or not for sale for the account of the Company, to
be  distributed  (on  a  firm  commitment  basis)  by or  through  one  or  more
underwriters of recognized  standing under  underwriting  terms  appropriate for
such a  transaction  and  (ii) the  managing  underwriter  of such  underwritten
offering  informs  the Company  and the  Holders of the  Registrable  Securities
requesting such  registration by letter of opinion that the number of securities
requested  to be included in such  registration  exceeds the number which can be
supported  by market  factors,  the Company  will  include in such  registration
securities in the following order of priority:

            1.3.1 first, all the securities the Company proposes to sell for its
                  own account; and

            1.3.2 second,  to the extent that the number of securities which the
                  Company  proposes  to  include  is less  than  the  number  of
                  securities which the Company has been advised can be supported
                  by  market  factors  in  such  offering,  the  number  of such
                  Registrable  Securities  requested  to  be  included  in  such
                  Piggyback Registration by the Holders and any other holders of
                  Registrable  Securities  shall be allocated pro rata among all
                  such  holders  on  the  basis  of  the   relative   number  of
                  Registrable  Securities  each such holder has  requested to be
                  included in such Piggyback Registration.

      1.4. Company Obligations. In the case of each registration,  qualification
or compliance  effected by the Company  pursuant to this Agreement,  the Company
will  keep  each  Holder  advised  in  writing  as to  the  initiation  of  each
registration,  qualification and compliance and as to the completion thereof. At
its expense,  the Company will  furnish  such number of  prospectuses  and other
documents incident thereto as a Holder from time to time may reasonably request.

                                       2
<PAGE>

2. REGISTRATION EXPENSES.

      2.1 All expenses  incident to the Company's  performance  of or compliance
with  this  Agreement,   including,   without   limitation,   all  registration,
qualification  and filing fees,  fees and expenses of compliance with securities
or blue sky  laws,  printing  expenses,  escrow  fees,  messenger  and  delivery
expenses,  and  fees  and  disbursements  of  counsel  for the  Company  and all
independent certified public accountants,  underwriters (excluding discounts and
commissions)  and  other  Persons,  as  defined  in  Section  2(2) of the Act (a
"Person"),  retained by the  Company  (all such  expenses  being  herein  called
"Registration  Expenses"),  will be borne as provided in this Agreement,  except
that the Company  will,  in any event,  pay its  internal  expenses  (including,
without  limitation,  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 or
quotation  system on which  similar  securities  issued by the  Company are then
listed or quoted.

      2.2 The  Company  will bear the  Registration  Expenses  allocable  to the
registration  of the  Registrable  Securities  and will bear the  legal  fees of
counsel for the Holders up to $20,000 in connection with the registration of the
Registrable Securities.

3. INDEMNIFICATION.

      3.1 The Company agrees to indemnify,  to the extent permitted by law, each
Holder  and such  Holder's  legal  counsel  and  accountants,  and  each  person
controlling  such Holder  within the meaning of the Act,  with  respect to which
registration,  qualification  or compliance  has been effected  pursuant to this
Agreement,  against all losses,  claims,  damages,  liabilities and expenses (or
actions  in  respect  thereof),  including  any of  the  foregoing  incurred  in
settlement of litigation,  commenced or  threatened,  arising out of or based on
any untrue statement or alleged untrue statement of a material fact contained in
any  registration   statement,   prospectus,   offering  circular,   preliminary
prospectus or other document,  or any amendment  thereof or supplement  thereto,
incident to any such registration,  qualification or compliance, or based on any
omission or alleged  omission to state  therein a material  fact  required to be
stated  therein or necessary  to make the  statements  therein,  in light of the
circumstances  in which they were made, not misleading,  or any violation by the
Company  of any  rule or  regulation  promulgated  under  the  Act or any  state
securities  laws  applicable  to the Company and  relating to action or inaction
required of the Company in connection with any such registration,  qualification
or  compliance,  and will  reimburse each Holder and such Holder's legal counsel
and accountants,  and each person  controlling such Holder within the meaning of
the Act, for any legal and any other expenses  reasonably incurred in connection
with investigation,  preparing or defending any such claim, loss, damage, action
or liability, except insofar as the same arises out of or is based on any untrue
statement or omission or alleged  untrue  statement or omission made in reliance
upon and in conformity with written  information  furnished to the Company by an
instrument  duly executed by such Holder and stated to be  specifically  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 at or prior to
the written  confirmation  of the sale of such  securities to such person in any
case where such delivery of the prospectus or registration statement (as amended
or  supplemented)  is required by the Act after the  Company has  furnished  the
Holder with a sufficient  number of copies of the same.  In  connection  with an
underwritten  offering,  the Company will  indemnify  such  underwriters,  their
officers and directors and each Person who controls  such  underwriters  (within
the meaning of the Act) to the same extent as provided above with respect to the
indemnification of the Holders above.

                                       3
<PAGE>

      3.2 In connection with any registration statement in which the Holders are
participating,  the  Holders  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 extent
permitted by law, will  indemnify the Company,  its directors and officers,  its
legal  counsel and  independent  accountants,  and each Person who  controls the
Company  (within  the  meaning of the Act) with  respect to which  registration,
qualification  or  compliance  has been  effected  pursuant  to this  Agreement,
against all losses,  claims,  damages,  liabilities  and expenses (or actions in
respect  thereof),  including  any of the  foregoing  incurred in  settlement of
litigation,  commenced  or  threatened,  arising  out of or based on any  untrue
statement  or alleged  untrue  statement  of a material  fact  contained  in any
registration statement, prospectus, offering circular, preliminary prospectus or
other document, or any amendment thereof or supplement thereto,  incident to any
such  registration,  qualification  or  compliance,  or based on any omission or
alleged  omission to state therein a material fact required to be stated therein
or necessary to make the statements  therein,  in light of the  circumstances in
which they were made,  not  misleading,  and will  reimburse  the  Company,  its
directors  and officers  and  controlling  Persons,  for any legal and any other
expenses  reasonably  incurred in connection  with  investigation,  preparing or
defending any such claim, loss, damage,  action or liability,  except insofar as
the same  arises  out of or is based on any  untrue  statement  or  omission  or
alleged  untrue  statement or omission  made in reliance  upon and in conformity
with written information furnished to the Company by an instrument duly executed
by such Holder and stated to be specifically for use therein;  provided that the
obligation  to  indemnify  will be  several,  not joint and  several,  among the
Holders and the  liability of each of the Holders will be in  proportion  to and
limited  to the net  amount  received  by such  Holder  from the sale the Shares
pursuant to such registration statement.

      3.3 Any Person entitled to indemnification  hereunder will (i) give prompt
written notice to the indemnifying party after such indemnified party has actual
knowledge of any claims as to which  indemnity  may be sought and (ii) unless in
such indemnified  party's  reasonable  judgment and based on advice of its legal
counsel,  a conflict of  interest  between  such  indemnified  and  indemnifying
parties may exist with  respect to such claim,  shall  permit such  indemnifying
party to assume the defense of such claim or litigation with counsel  reasonably
satisfactory to the indemnified  party and the indemnified party may participate
in such  defense at such  party's own  expense,  and  provided  further that the
failure of any  indemnified  party to give notice as provided  herein  shall not
relive the indemnifying party of its obligations under this Agreement, except to
the extent,  but only to the extent,  that the  indemnifying  party's ability to
defend  against such claim or litigation is impaired as a result of such failure
to give notice. If such defense is assumed,  the indemnifying  party will not be
subject to any  liability  for any  settlement  or entry of any judgment made or
consented to by the indemnified party without its consent (but such consent will
not be  unreasonably  withheld)  and which does not include as an  unconditional
term thereof the giving by the claimant or plaintiff to such  indemnified  party
of a release  of all  liability  in  respect  to such  claim or  litigation.  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 such indemnified party's reasonable judgment and based on
advice of its legal counsel, a conflict of interest between such indemnified and
indemnifying parties may exist with respect to such claim.

                                       4
<PAGE>

      3.4 The  indemnification  provided for under this Agreement will remain in
full force and effect  regardless of any  investigation  made by or on behalf of
the  indemnified  party or any officer,  director or controlling  Person of such
indemnified  party and will survive the transfer and registration of securities.
The Company also agrees to make such  provisions as are reasonably  requested by
any indemnified  party for contribution to such party in the event the Company's
indemnification is unavailable for any reason.

4. PARTICIPATION IN UNDERWRITTEN REGISTRATION.  No Holder may participate in any
registration  hereunder which is  underwritten  unless such Holder (i) agrees to
sell  such  Holder's  Registrable  Securities  on  the  basis  provided  in  any
underwriting  arrangements  approved  by  Motivated  Minds or the other  Holders
entitled  hereunder  to approve such  arrangements  and (ii)  together  with the
Company and the other  shareholders  participating in the underwritten  offering
completes  and executes  all  questionnaires,  powers of attorney,  indemnities,
underwriting  agreements  and other  documents  required under the terms of such
underwriting arrangements.

5. RULE 144 AND 144A.  In order to permit the  Holders  to sell the  Registrable
Securities,  if they so desire, pursuant to Rule 144 or Rule 144A promulgated by
the  Securities and Exchange  Commission  (the "SEC") (or any successors to such
rules),  the  Company  will use best  efforts  to  comply  with  all  rules  and
regulations of the SEC applicable in connection with the use of each of Rule 144
and Rule 144A (or any  successors  thereto),  including the timely filing of all
reports with the SEC and the provision of any information  regarding the Company
in order to enable the  Holders,  if they so elect,  to utilize Rule 144 or Rule
144A, and the Company will cause any  restrictive  legends to be removed and any
transfer  restrictions  to  be  rescinded  with  respect  to  any  sale  of  the
Registrable  Securities that is exempt from registration  under the Act pursuant
to Rule 144 or Rule 144A. Upon the request of a Holder, the Company will deliver
to such Holder a written  statement  verifying  that it has  complied  with such
requirements.

6.  TRANSFER  OF  REGISTRATION  RIGHTS.  Each Holder may  transfer  the right to
register the Shares  under this  Agreement to any  ancestor,  descendant  or any
custodian  or  trustee  for  his or her  own  account  to whom  the  Holder  has
transferred  any of the Shares,  including,  but not limited to, any transfer by
the Holder to any of the foregoing parties or other entities for estate planning
purposes.

7. LISTING OF SECURITIES TO BE REGISTERED.  In connection with any  registration
hereunder,  the  Company  will use its  best  efforts  to list  all  Registrable
Securities covered by such registration  statement on any securities exchange or
quotation  system  on  which  any of the  securities  of the  same  class as the
Registrable Securities are then listed or quoted.

                                       5
<PAGE>

8.  REPRESENTATIONS  AND WARRANTIES OF COMPANY.  The Company makes the following
representations  and  warranties in connection  with the Note,  the Warrants and
this Agreement (collectively the "Related Documents"):

      8.1 The  Company is a  corporation  duly  organized  and  existing in good
standing under the laws of the State of Delaware. The Company has full corporate
power and  authority  to carry on its  business as now  conducted  and to own or
lease and operate the  properties and assets now owned or leased and operated by
it.  The  Company  is duly  qualified  to  transact  business  in the  State  of
California and all states and  jurisdictions  in which the business or ownership
of its property makes it necessary to so qualify,  except for  jurisdictions  in
which the nature of the property owned or business conducted, when considered in
relation to the absence of serious penalties, renders qualification as a foreign
corporation unnecessary as a practical matter.

      8.2 The transactions  contemplated by the Related Documents have been duly
approved by the Board of Directors of the Company.

      8.3 The  Related  Documents  are valid and  binding  upon the  Company and
neither the execution  nor delivery of the Related  Documents by the Company nor
the performance by the Company of any of its covenants or obligations  under the
Related  Documents  will  constitute a default under any contract,  agreement or
obligation to which the Company is bound. The Related  Documents are enforceable
against  the  Company in  accordance  with their  respective  terms,  subject to
bankruptcy,  reorganization,   insolvency,  fraudulent  conveyance,  moratorium,
receivership  or  similar  laws  relating  to  or  affecting  creditors'  rights
generally.  The party  executing the Related  Documents on behalf of the Company
has full power and  authority to do so and to bind the Company under the Related
Documents.

      8.4  The  Warrants  and  Warrant  Shares,  when  issued,   shall  be  duly
authorized, validly issued, fully paid and non-assessable.

      8.5 The Company  will apply the  proceeds of the loan  represented  by the
Note  to  working  capital  and  will  not  apply  any of such  proceeds  to pay
indebtedness incurred prior to the date of issuance of the Note.

      8.6 The Company has no obligations  to pay any fees,  commissions or other
compensation  in connection  with the  transactions  contemplated in the Related
Documents,  except for such obligations of the Company to Ascendiant Securities,
LLC and Source Capital Group, Inc.

9. MISCELLANEOUS.

      9.1 Cessation of Status as  Registrable  Securities.  As to any particular
Registrable Securities,  such securities will cease to be Registrable Securities
when they have (i) been effectively  registered under the Act and disposed of in
accordance with the registration  statement  covering them, (ii) become eligible
for sale  pursuant to, and have  actually  been sold to the public in compliance
with, Rule 144 (or any similar  provision then in force) under the Act, or (iii)
been  otherwise  transferred  and new  certificates  for  them not  bearing  any
restrictive legends have been delivered by the Company.

                                       6
<PAGE>

      9.2 No Inconsistent Agreements. The Company will not hereafter enter into,
or permit to exist,  any  agreement  with  respect  to its  securities  which is
inconsistent  with the rights granted to the Holders in this Agreement,  without
their prior unanimous written consent.

      9.3  Remedies.  Any  Holder  having  rights  under any  provision  of this
Agreement  will 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.

      9.4  Amendments  and Waivers.  Except as otherwise  provided  herein,  the
provisions of this  Agreement may be amended and the Company may take any action
herein  prohibited or omit to perform any act herein required to be performed by
it, only if the Company has obtained  the written  consent of the 66 2/3% of the
Holders.

      9.5 Successors and Assigns. All covenants and agreements in this Agreement
by or on behalf of any of the parties  hereto will bind and inure to the benefit
of the  respective  successors  and  assigns of the  parties  hereto  whether so
expressed or not.

      9.6 Governing Law and  Jurisdiction.  This Agreement shall be governed and
construed  in  accordance  with the laws of the State of Arizona.  Each party to
this  Agreement  hereby  irrevocably  agrees that any legal action or proceeding
arising out of or relating to this Agreement or any  agreements or  transactions
contemplated  hereby  may be brought in the courts of the State of Arizona or of
the United  States of America for the  District of Arizona and hereby  expressly
submits to the personal  jurisdiction  and venue of such courts for the purposes
thereof and expressly waives any claim of improper venue and any claim that such
courts are an inconvenient forum. Each party hereby irrevocably  consents to the
service of process of any of the aforementioned  courts in any such suit, action
or proceeding by the mailing of copies thereof by registered or certified  mail,
postage  prepaid,  to the address  set forth in Section  9.11,  "Notices,"  such
service to become effective ten (10) days after such mailing.

      9.7  Entire  Agreement.  This  Agreement  constitutes  the full and entire
understanding  and  agreement  between the parties  with regard to the  subjects
hereof.

      9.8 Related Documents. The Related Documents are being entered into by the
parties in connection  with the loan made by Motivated  Minds to the Company.  A
breach  of  any   condition,   obligation,   covenant,   provision,   agreement,
representation  or warranty  contained  in the Warrant or this  Agreement  shall
constitute  an Event of Default  under the Note,  as such term is defined in the
Note.

                                       7
<PAGE>

      9.9 Delays or Omissions. No delay or omission to exercise any right, power
or remedy  accruing  to the  Holders,  upon any breach or default of the Company
under  this  Agreement,  shall  impair  any such  right,  power or remedy of the
Holders nor shall it be  construed to be a waiver of any such breach or default,
or an acquiescence therein, or of or in any similar breach or default thereunder
occurring;  nor shall any  waiver of any  single  breach or  default be deemed a
waiver of any other breach or default theretofore or thereafter  occurring.  Any
waiver,  permit, consent or approval of any kind or character on the part of the
Holders of any breach or default under this  Agreement or any waiver on the part
of the Holders of any  provisions or conditions  of this  Agreement,  must be in
writing and shall be effective only to the extent specifically set forth in such
writing.  All  remedies,  either  under this  Agreement,  or by law or otherwise
afforded to the Holders, shall be cumulative and not alternative.

      9.10  Counterparts.  This  Agreement  may be  executed  in any  number  of
counterparts  each of which shall be  enforceable  against the parties  actually
executing  such  counterparts  and all of which  together  shall  constitute one
instrument.  Any  telecopied  signature  of a party on this  Agreement  shall be
deemed an original signature of such party for all purposes.

      9.11 Notices. All notices and other  communications  required or permitted
hereunder  shall be in writing and shall be mailed by  registered  or  certified
mail,  postage  prepaid or otherwise,  delivered by hand or by messenger,  or by
facsimile,  addressed  (i) if to a Holder,  to such address as such Holder shall
have  furnished  to the Company in writing,  or (ii) if to the  Company,  to its
principal  executive  offices  and  addressed  to the  attention  of  the  Chief
Executive Officer,  or to such other address as the Company shall have furnished
to such Holder in writing.

      Each  such  notice  or  other  communication  for all  purposes  for  this
Agreement shall be treated as effective, or having been given when delivered, if
delivered personally or by facsimile, or, if sent by mail, at the earlier of its
receipt  or  seventy-two  (72)  hours  after  the same has been  deposited  in a
regularly  maintained  receptacle  for the  deposit of the United  States  mail,
addressed and mailed as aforesaid.

      IN WITNESS  WHEREOF,  the parties have executed this  Registration  Rights
Agreement on the day and year first above written.

                                         NEW CENTURY COMPANIES, INC.,
                                         a Delaware corporation

                                         By /s/ David Duquette
                                            ------------------------------------
                                                David Duquette
                                                Chief Executive Officer

                                       8
<PAGE>

                                   EXHIBIT "A"

                              HOLDER SIGNATURE PAGE

------------------------------
Signature of Holder

                                            ------------------------------------
                                             Number  of  Registrable  Securities
                                             (specify      Restricted     Stock,
                                             Conversion  Shares  and/or  Warrant
                                             Shares)

------------------------------
Name of Holder

                                       9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]