Document:

ex1038

    Westor
      Capital Group, Inc.

    116
      John
      Streeet

    New
      York,
      NY 10038

    Tel:
      (212) 766-3333

    Fax:
      (212) 766-3349

    

    

    February
      7, 2007

    

    Attn:
      Richard Ham, President

    Millenium
      Holding Group, Inc.

    12
      Winding Rd.

    Henderson,
      NV 89052

    

    

    Dear
      Mr.
      Ham

    

    We
      are
      pleased to set forth the following terms of the retention of Westor Capital
      Group, Inc. (“Westor”) by Millenium Holding Group, Inc.. (the “Company”) as its
      investment banker:

     

    1. Responsibilities.
      During
      the term of this agreement (this “Agreement”) Westor will assist the Company as
      its financial advisor providing investment banking services on a “best efforts’
basis that will include, without limitation, assistance in mergers, acquisitions
      and internal capital structuring, including, but not limited to the placement
      of
      new debt and/or equity securities, all with the objective of accomplishing
      the
      business and financial goals of the Company. In each instance, Westor shall
      endeavor to assist the Company in identifying corporate candidates for mergers
      and acquisitions, and, subject to market conditions, sources of private and
      institutional funds. Westor will also assist the Company in its negotiations
      of
      such matters. In this regard, the Company acknowledges that Westor has
      identified potential investor group

    

    Westor
      will also endeavor to provide strategic planning, structuring and other advisory
      services to the Company. In each instance, Westor will only render services
      that
      are mutually agreed to by Westor and the Company, and Westor will use its best
      efforts to accomplish the goals agreed to by Westor and the Company.

    

    2. Access
      to Information and Accuracy of Information.
      In
      connection with the services to be provided by Westor, the Company agrees to
      cooperate with Westor and furnish it with all information and data concerning
      the Company which Westor deems reasonably necessary and provide Westor with
      access to the Company’s officers, directors, employees, independent accountants
      and legal counsel. The Company represents and warrants that all information
      made
      available to Westor will be complete and correct in all material respects and
      will not contain any untrue statement of a material fact or omit to state any
      material fact required to be stated therein 

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    or
      necessary in order to make the statements therein not misleading in the light
      of
      the circumstances under which such statements are made. The Company acknowledges
      and agrees that in rendering its services, Westor will be using and relying
      upon
      the information provided to it by the Company without independent verification
      and/or independent appraisal. Westor does not assume responsibility for the
      accuracy or completeness of any information provided it by the Company.

    

    3. Compensation
      and Fees.
      In
      consideration for its services, Westor shall be entitled to receive, and the
      Company agrees to pay to Westor the following:

    

    Investment
      Banking Fee:
      Upon
      execution of this Agreement an investment banking fee of $15,000 (the
“Investment Banking Fee”) payable as follows: (i) $5,000 upon the execution of
      this Agreement. The balance upon a successful agreement and execution with
      an
      investor that provides at least $2,500,000 for the internet mortgage
      bank

    

    Merger
      and Acquisition , Investor Fee:
      For
      investment banking services in connection with the Investor Transaction, as
      that
      term is hereinafter defined, Westor shall be entitled to receive at the closing
      of that transaction stock and cash (to be determined) but no less than 5% in
      stock and cash (ratio to be determined) of the aggregate valuation of the
      Investment.

    

    Equity
      financing:
      Upon
      completion of a transaction with "Investor" (the "Transaction"), the Company,
      After 6 months will conduct an offering, on a Best Efforts, through Westor
      as
      Placement Agent (the “offering”), whereby the Company will raise an amount to be
      agreed upon. Westor shall be entitled to receive commissions of 10%, a
      non-accountable expense allowance of 3% percent and underwriters warrants to
      purchase up to 10% of the securities sold. The terms of the Offering will be
      set
      forth in a term sheet and/or letter of intent agreed to by the parties prior
      to
      the filing of a Private Placement memorandum

    

    4. Additional
      Services.
      If
      Westor is requested to provide any services other than those set forth above,
      the terms and conditions relating to such services will be outlined in a
      separate agreement and the fees for such services shall be negotiated
      separately.

    

    5. Affiliated
      and Associated Broker-Dealers.
      In
      performing its responsibilities, Westor may utilize the services of other
      broker-dealers, provided that such broker-dealers be registered as a
“broker-dealer” under federal and state securities laws and any other applicable
      laws promulgated by the National Association of Securities Dealers and similarly
      situated governing bodies. The parties acknowledge that Westor shall be
      responsible to ensure that any such broker-dealer complies with all applicable
      laws and the terms of any agreement between Westor and the Company. The parties
      agree that Westor shall be responsible for payment of any compensation to any
      such entities and that the Company will not compensate these entities or
      reimburse any expenses incurred by them in connection with the performance
      of
      such duties.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    6. Introductions
      by Westor.
      If at any time within two years after the date of termination of this Agreement,
      the Company enters into any Transaction, as that term is hereinafter defined,
      with any corporation, partnership, or any other entity identified to the Company
      by Westor during the term of this Agreement (an “Acquired Party”), then the
      Company shall pay Westor a cash fee equal to 2.5% of the consideration paid
      by
      the Company in connection with such transaction. As used in this Agreement,
      the
      term “Transaction” shall mean (a) any merger, consolidation, reorganization,
      recapitalization, business combination or other transaction pursuant to which
      the Acquired Party is acquired by, or combined with, the Company (b) the
      acquisition, directly or indirectly, by the Company or (i) substantially all
      if
      the assets of the Acquired Party of (ii) fifty percent or more of the Acquired
      Party’s outstanding common stock, whether by way of tender or exchange offer,
      open market purchases, negotiated purchases or otherwise, or (c) the election
      or
      appointment of nominees or representatives of the Company to the Board of
      Directors of the Acquired Party so that the nominees or representatives
      represent, in the aggregate, at least a majority of such Board of
      Directors.

    

    7. Expenses.
      In
      addition to the fees described in paragraph three (3) above, the Company agrees
      to promptly reimburse Westor upon request from time to time, for all
      out-of-pocket expenses incurred, including fees and disbursements of counsel,
      and the other consultants and advisors retained by Westor in connection with
      Westor acting for the Company pursuant to this Agreement. 

    

    8. Indemnification

    

    A. The
      Company hereby agrees that it will indemnify and hold Westor and each director,
      officer, shareholder, employee, agent or representative of Westor and each
      person controlling, controlled by or under common control of Westor within
      the
      meaning of Section 15 of the Act or Section 20 of the Exchange Act or the rules
      and regulations thereunder harmless from and against any and all loss, claims,
      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 in appearing or preparing for appearance as a witness in any
      action, suit or proceeding including any inquiry or investigation or pretrial
      proceeding such as a deposition) to which such indemnified person may become
      subject under the Securities Act of 1933, as amended (the “Act”), the Exchange
      Act or any other Federal or state statutory law or regulation at common law
      or
      otherwise, arising out of or based upon, (i) any untrue statement or alleged
      untrue statement of a material fact contained in any documents provided to
      Westor by the Company (the “Disclosure Documents”) (except those statements
      given by an indemnified person for inclusion therein), (ii) in any application
      or other document or written communication executed by the Company or based
      upon
      written information furnished by the Company in any jurisdiction in order to
      qualify the Company’s securities under the securities laws thereof or file with
      the Securities and Exchange Commission, or any state securities commission
      or
      agency, (iii) the 

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    omission
      or alleged omission from clauses (i) or (ii) above of a material fact required
      to be stated therein or necessary to make the statements therein not misleading,
      or (iv) the breach of any representation or warranty made by the Company in
      any
      agreement between the Company and Westor. 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 hereof, 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 such indemnified person as a direct result of such person’s
      gross negligence, bad faith or willful misfeasance will be promptly repaid
      to
      the Company.

    

    B. Westor
      hereby agrees that it will indemnify and hold the Company and each director,
      officer, shareholder, employee, agent or representative of the Company and
      each
      person controlling, controlled by or under common control of the Company within
      the meaning of Section 15 of the Act or Section 20 of the Exchange Act or the
      rules and regulations thereunder harmless from and against any and all loss,
      claims, 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 in appearing or preparing for
      appearance as a witness in any action, suit or proceeding including any inquiry
      or investigation or pretrial proceeding such as a deposition) to which such
      indemnified person may become subject under the Act, the Exchange Act or any
      other Federal or state statutory law or regulation at common law or otherwise,
      arising out of or based upon (i) information supplied by the Westor to the
      Company specifically for use in disclosure documents to investors, (ii) Westor’s
      use of disclosure documents not approved by the Company, (iii) Westor’s failure
      to provide any investor with a Disclosure Document furnished to Westor by the
      Company which corrects any fact in Disclosure Documents previously provided
      to
      such investor or (iv) the conduct of Westor or its employees in its acting
      as
      placement agent which are not taken with the Company’s consent or in reliance on
      the Company’s actions or failure to act. Notwithstanding the foregoing
      provisions of this paragraph, any such payment or reimbursement by Westor 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 such
      indemnified person as a direct result of such person’s gross negligence, bad
      faith or willful misfeasance will be promptly repaid to Westor.

    

    C. Promptly
      after receipt by an indemnified party under either subparagraph A or B, as
      the
      case may be, of the notice of commencement of any action covered by subparagraph
      A or B, such indemnified party shall within five (5) business days notify the
      indemnifying party of the commencement thereof; the omission by one indemnified
      party to so notify the indemnifying party shall not relieve the indemnifying
      party of its obligations to indemnify any other indemnified party that has
      given
      such notice and shall not relieve the indemnifying party of any

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    liability
      outside of this indemnification. In the event that any action is brought against
      the indemnified party, and it shall notify the indemnifying party in a timely
      manner, 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. After notice from the indemnifying party to such indemnified
      party
      of its objection to assume the defense thereof, the indemnifying party will
      not
      be liable to such indemnified party under such subparagraph for any legal or
      other expenses subsequently incurred by such indemnified party in connection
      with the defense thereof, but the 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. Notwithstanding anything to the
      contrary contained herein, the indemnifying party shall have the right to choose
      its own counsel and control the defense of any action, all at the expense of
      the
      indemnifying parties, if: (i) the employment of such counsel shall have been
      authorized in writing by the indemnifying parties in connection with the defense
      of such action at the expense of the indemnifying party, (ii) the indemnifying
      parties 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 parties. No settlement of any action or proceeding against an
      indemnified party shall be made without the consent of the indemnified
      party.

    

    D. In
      order
      to provide for just and equitable contribution in circumstances in which the
      indemnification provided for in paragraph A of this paragraph is due in
      accordance with its terms but is for any reason held by a court to be
      unavailable from the Company to Westor on grounds of public policy or otherwise,
      the Company and Westor shall contribute to the aggregate losses, claims, damages
      and liabilities (including legal or other expenses reasonably incurred in
      connection with investigation of defending of same) to which the Company and
      Westor may be subject in such proportion so that Westor is responsible for
      that
      portion represented by the percentage that the aggregate of its placement fee
      and expenses under this Agreement bears to the aggregate offering price for
      all
      securities sold in the Offering and the Company is responsible for the balance,
      except as the Company may otherwise agree to reallocate a portion of such
      liability with respect to such balance with any other person; provided,
      however,
      that no
      person guilty of fraudulent misrepresentation within the meaning of Section
      11
      (f) of the Act shall be entitled to contribution from any person who was not
      guilty of such fraudulent misrepresentation. For purposes of this subparagraph
      D, any person controlling, controlled by or under common control with Westor,
      or
      any partner, director, officer, employee, representative, or any agent of any
      thereof, shall have the same rights to contribution as Westor and each person
      who controls the Company with the meaning of Section 15 of the Act or Section
      

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    20
      of the
      Exchange Act, 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 subparagraph D,
      notify such party from whom contribution may be sought, but the omission to
      so
      notify such party shall not relieve the party from who contribution may be
      sought from any obligations they may have hereunder or otherwise. The indemnity
      and contribution agreements contained in this paragraph 9 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 or expiration of this
      Agreement.

    

    9. Term.
      The term
      of this Agreement will be for a period of nine (9) months from the date hereof
      (the “Term”) except that if the Equity Financing and Investor Transaction are
      completed within the Term, the term of this Agreement shall be extended for
      an
      additional one (1) year period.

     

    10. Termination.
      Anything
      to the contrary in Section 10 above notwithstanding, either party may terminate
      this Agreement at any time upon written notice, without liability or continuing
      obligation (except for any compensation earned, or expenses incurred up to
      the
      date of termination), except as set forth in the following sentence. Neither
      termination of the Agreement nor completion of this assignment contemplated
      hereby shall affect the provisions of sections 3, 4, 7, 8 or 9 which shall
      remain operative and in full force and effect.

    

    11. Jurisdiction.
      The
      validity and interpretation of this agreement shall be governed by laws of
      the
      State of New York applicable to agreements made and to be fully performed
      therein.

    

    12. Successors
      and Assigns.
      The
      benefits of this agreement shall insure to the respective successors and assigns
      of the parties hereto and to the indemnified parties hereunder and their
      successors and assigns and representatives, and the obligations and liabilities
      assumed in this agreement by the parties hereto shall be binding upon their
      respective successors and assigns.

    

    13. Counterparts.
      For the
      convenience of the parties hereto, any number of counterparts of this agreement
      may be executed by the parties hereto. Each such counterpart shall be, and
      shall
      be deemed to be, an original instrument, but all such counterparts taken
      together shall constitute one and the same agreement. This agreement may not
      be
      modified or amended except in writing signed by the parties
      hereto.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    14. Terms
      of Equity Financing.
      The
      proposed terms of the financing shall be negotiated and agreed to by all parties
      discussed. 

    

    If
      the
      forgoing correctly sets forth our agreement, please sign the enclosed copies
      of
      this letter in the space provided and return them to us.

    

    We
      look
      forward to working with you.

    

    Very
      truly yours,

    

    

    Westor
      Capital Group, Inc.

    

    

    By:
      /s/
      Victor
      Goldfluss                                       

    Victor
      Goldfluss 

    Managing
      Director Corporate Finance

    

    

    Confirmed
      and Agreed to:

    This
      7th
      day of February, 2007

    Millenium
      Holding Group, Inc.

    

    

    By:
      /s/
      Richard
      Ham                                              

    Richard
      Ham, President

    

    Date:
      February 7, 2007 

     

     

    
      
         

      

      
        7ex1040

    PROMISSORY
      NOTE

    

    

    $10,000.00

    Dated:
      February 13, 2007

    

    1. Principal.
      For
      value
      received,
      Millenium Holding Group, Inc., a Nevada corporation (“Maker”),
      promises to pay to the order of Dennis M. Eliassen (“Holder”),
      of
      Farmington Hills, Michigan at such place as Holder may from time to time
      designate in writing, the principal sum of $10,000.00 (the “Obligation”),
      which
      represents the principal amount to be advanced by Holder to Maker.

    

    2. Interest.
      Shall
      be ten percent (10%) per annum from receipt of the obligation from the Holder.
      Interest will be charged on unpaid principal until the full amount of principal
      has been paid both before and after the occurrence of a default.

    

    3. “Maturity
      Date”
shall
      mean 90 days from the date hereof. 

     

    4. Prepayment.
      Maker
      shall be entitled to prepay this Note prior to the Maturity Date without premium
      or penalty. Any payments shall be applied first to unpaid accrued interest
      and
      the balance, if any, to outstanding principal. The Holder may make demand at
      any
      time by giving Maker ten (10) days written notice stating the time and place
      for
      Maker to make payment in full.

    

    5. Events
      of Default.
      The
      occurrence of any of the following events shall constitute an Event of Default
      hereunder 

     

    (a) Failure
      of Maker to pay the principal and interest upon the Maturity Date;

    

    (b) Failure
      of Maker to pay any amount or perform any other obligation under the
      Agreement;

    

    (c) Maker
      shall admit in writing its inability to, or be generally unable to, pay its
      undisputed debts as such undisputed debts become due;

    

    (d) Maker
      shall: (i) apply for or consent to the appointment of, or the taking of
      possession by, a receiver, custodian, trustee, examiner or liquidator of all
      or
      a substantial part of its property, (ii) make a general assignment for the
      benefit of its creditors, (iii) commence a voluntary case under the United
      States Bankruptcy Code, (iv) file a petition seeking to take advantage of any
      other law relating to bankruptcy, insolvency, reorganization, liquidation,
      dissolution, arrangement or winding-up, or composition or readjustment of debts;
      (v) fail to controvert in a timely and appropriate manner, or acquiesce in
      writing to, any petition filed against him in an involuntary case under the
      United States Bankruptcy Code; or (vi)take any action for the purpose of
      effecting any of the foregoing; 

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    (e) A
      proceeding or case shall be commenced, without the application or consent of
      Maker, in any court of competent jurisdiction, seeking: (i) its financial
      reorganization, liquidation or arrangement, or the composition or readjustment
      of its debts; (ii) the appointment of a receiver, custodian, trustee, examiner,
      liquidator or the like of Maker or of all or any substantial part of its
      property; or (iii) similar relief in respect of Maker under any law relating
      to
      bankruptcy, insolvency, reorganization or composition or adjustment of debts,
      and such proceeding or case shall continue undismissed, or an order, judgment
      or
      decree approving or ordering any of the foregoing shall be entered and continue
      unstayed and in effect, for a period of 30 or more days; or an order for relief
      against Maker shall be entered in an involuntary case under the United States
      Bankruptcy Code; or

     

    6. Remedies;
      Late Payment Penalty.
      Upon
      the occurrence of an Event of Default and without demand or notice, Holder
      may
      declare the principal amount then outstanding of, and the accrued interest
      on,
      the Obligation of Maker to be forthwith due and payable, whereupon such amounts
      shall be immediately due and payable without presentment, demand, protest or
      other formalities of any kind, all of which are hereby expressly waived by
      Maker
      and Maker may exercise all rights and remedies available to it under the
      Agreement or any succeeding agreement).

     

    7. Waiver.
      Maker
      hereby waives diligence, presentment, protest and demand, notice of protest,
      dishonor and nonpayment of this Note and expressly agrees that, without in
      any
      way affecting the liability of Maker hereunder, Holder may extend any maturity
      date or the time for payment of any installment due hereunder, accept security,
      release any party liable hereunder and release any security now or hereafter
      securing this Note. Maker further waives, to the full extent permitted by law,
      the right to plead any and all statutes of limitations as a defense to any
      demand on this Note, or on any deed of trust, security agreement, lease
      assignment, guaranty or other agreement now or hereafter securing this
      Note.

    

    8. Severability.
      Every
      provision of this Note is intended to be severable. In the event any term or
      provision hereof is declared by a court of competent jurisdiction to be illegal
      or invalid for any reason whatsoever, such illegality or invalidity shall not
      affect the balance of the terms and provisions hereof, which terms and
      provisions shall remain binding and enforceable.

    

    9. Interest
      Rate Limitation.
      Holder
      and Maker stipulate and agree that none of the terms and provisions contained
      herein or in the Agreement shall ever be construed to create a contract for
      use,
      forbearance or detention of money requiring payment of interest at a rate in
      excess of the maximum interest rate permitted to be charged by the laws of
      the
      State of Nevada. In such event, if any Holder of this Note shall collect monies
      which are deemed to constitute interest which would otherwise increase the
      effective interest rate on 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    this
      Note
      to a rate in excess of the maximum rate permitted to be charged by the laws
      of
      the State of Nevada, all such sums deemed to constitute interest in excess
      of
      such maximum rate shall, at the option of Holder, be credited to the payment
      of
      the sums due hereunder or returned to Maker.

    

    10. Number
      and Gender.
      In this
      Note the singular shall include the plural and the masculine shall include
      the
      feminine and neuter gender, and vice versa, if the context so
      requires.

    

    11. Headings.
      Headings at the beginning of each numbered paragraph of this Note are intended
      solely for convenience and are not to be deemed or construed to be a part of
      this Note.

    

    12. Choice
      of Law.
      This
      Note shall be governed by and construed in accordance with the laws of the
      State
      of Nevada. Any action to enforce this Note shall be brought in state or federal
      courts located in Las Vegas, Nevada.

    

    13. Miscellaneous.
      

    

    (a) All
      notices and other communications provided for hereunder shall be in writing
      and
      shall be delivered by United States mail, certified or registered, return
      receipt requested to the respective party at the address provided in the
      Agreement or otherwise provided for such purpose. 

    

    (b) No
      failure or delay on the part of Holder or any other holder of this Note to
      exercise any right, power or privilege under this Note and no course of dealing
      between Maker and Holder shall impair such right, power or privilege or operate
      as a waiver of any default or an acquiescence therein, nor shall any single
      or
      partial exercise of any such right, power or privilege preclude any other or
      further exercise thereof or the exercise of any other right, power or privilege.
      The rights and remedies herein expressly provided are cumulative to, and not
      exclusive of, any rights or remedies, which Holder would otherwise have. No
      notice to or demand on Maker in any case shall entitle Maker to any other or
      further notice or demand in similar or other circumstances or constitute a
      waiver of the right of Holder to any other or further action in any
      circumstances without notice or demand. 

    

    (c) Maker
      and
      any Guarantors of this Note hereby consent to renewals and extensions of time
      at
      or after the maturity hereof, without notice, and hereby waive diligence,
      presentment, protest, demand and notice of every kind. 

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    (d) Maker
      may
      not assign its rights or obligations hereunder without prior written consent
      of
      Holder. Subject to compliance with applicable federal and state securities
      laws,
      Holder may (i) assign all or any portion of this Note without the prior consent
      of Maker or (ii) sell or agree to sell to one or more other persons a
      participation in all or any part of the Note without the prior consent of Maker.
      Upon surrender of the Note, Maker shall execute and deliver one or more
      substitute notes in such denominations and of a like aggregate unpaid principal
      amount or other amount issued to Holder and/or to Holder’s designated transferee
      or transferees. Holder may furnish any information in the possession of Holder
      concerning Maker, or any of its respective subsidiaries, from time to time
      to
      assignees and participants (including Prospective assignees and participants).
      

    

    IN
      WITNESS WHEREOF,
      Maker
      has caused this Note to be duly executed and delivered as of the day and year
      and at the place first above written.

    

    MAKER:

    

    Millenium
      Holding Group, Inc., a Nevada corporation

    

    

    /s/
      Richard
      Ham                                          

    BY:
      Richard Ham

    ITS:
      President and CEO

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    WARRANT
      AGREEMENT

    

    THE
      SECURITIES DESCRIBED IN THIS AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED ("THE ACT"), OR THE SECURITIES LAWS OF ANY
      STATE, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR
      OTHERWISE DISPOSED OF EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION STATEMENT
      UNDER THE ACT AND ANY APPLICABLE STATE LAWS, (ii) TO THE EXTENT APPLICABLE,
      RULE
      144 UNDER THE ACT (OR ANY SIMILAR RULE UNDER THE ACT RELATING TO THE DISPOSITION
      OF SECURITIES), OR (iii) AN OPINION OF COUNSEL, IF SUCH OPINION SHALL BE
      REASONABLY SATISFACTORY TO COUNSEL TO THE ISSUER, THAT AN EXEMPTION FROM
      REGISTRATION UNDER THE ACT AND APPLICABLE STATE LAW IS
      AVAILABLE.

    

    WARRANT
      AGREEMENT

    

    MILLENIUM
      HOLDING GROUP, INC.,

    a
      Nevada corporation (the “Company”)

    

    THIS
      IS TO CERTIFY
      that,
      for value received, Dennis M. Eliassen, (the "Holder") is entitled, subject
      to
      the terms and conditions set forth herein, to purchase, 80,000 shares of common
      stock of the Company (the “Warrant Shares”) upon exercise at a purchase price of
      twelve point five cents ($0.125) per share (the “Warrant Price”).

    

    1.  TERM.
      Subject
      to the terms of this Agreement, the Holder shall have the right, at any time
      during the period commencing at 9:00 a.m., Pacific Time, on February 15, 2007
      and ending at 5:00 p.m., Pacific Time, on February 14, 2009 (the “Termination
      Date”) upon payment to the Company of the Warrant Price.

    

    Notwithstanding
      anything to the contrary contained in this Warrant or otherwise, the Holder
      shall not be required, although it shall have the right, to exercise this
      Warrant.

    

    2.  MANNER
      OF EXERCISE.
      Payment
      of the aggregate Warrant Price shall be made cash, bank or cashiers check or
      wire transfer. Upon the payment of all or a portion of the Warrant Price and
      delivery of the Election to Purchase, a form of which is attached hereto, the
      Company shall issue and cause to be delivered with all reasonable dispatch
      to or
      upon the written order of the Holder, and in such name or names as the Holder
      may designate, a certificate or certificates for the number of full Warrant
      Shares so purchased upon each exercise of the Warrant. Such certificate or
      certificates shall be deemed to have been issued and any person so designated
      to
      be named therein shall be deemed to have become a holder of record of such
      securities as of the date of surrender of the Warrant (or if less than the
      entire Warrant is exercised, upon the delivery of the new Warrant described
      below) and payment of the Warrant Price, as aforesaid, notwithstanding that
      the
      certificate or certificates representing such securities

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    shall
      not
      actually have been delivered or that the stock transfer books of the Company
      shall then be closed. The Warrant shall be exercisable, at the election of
      each
      Holder, either in full or from time to time in part and, in the event that
      a
      certificate evidencing the Warrant is exercised in respect of less than all
      of
      the Warrant Shares specified therein at any time prior to the Termination Date,
      a new certificate evidencing the remaining portion of the Warrant shall be
      issued by the Company to such Holder.

    

    3.  NO
      STOCKHOLDER RIGHTS.
      Unless
      and until this Warrant is exercised, this Warrant shall not entitle the Holder
      hereof to any voting rights or other rights as a stockholder of the Company,
      or
      to any other rights whatsoever except the rights herein expressed, and, no
      dividends shall be payable or accrue in respect of this Warrant.

    

    4.  EXCHANGE.
      This
      Warrant is exchangeable upon the surrender hereof by the Holder to the Company
      for new warrants of like tenor representing in the aggregate the right to
      purchase the number of securities purchasable hereunder, each of such new
      warrants to represent the right to purchase such number of securities as shall
      be designated by the Holder at the time of such surrender.

    

    Upon
      receipt by the Company of evidence reasonably satisfactory to it of the loss,
      theft, destruction or mutilation of this Warrant, and, in case of loss, theft
      or
      destruction, of indemnity or security reasonably satisfactory to it and
      reimbursement to the company of all reasonable expenses incidental thereto,
      and
      upon surrender and cancellation hereof, if mutilated, the Company will make
      and
      deliver a new warrant of like tenor and amount, in lieu hereof.

    

    5.  ELIMINATION
      OF FRACTIONAL INTERESTS.
      The
      Company shall not be required to issue certificates representing fractions
      of
      securities upon the exercise of this Warrant, nor shall it be required to issue
      scrip or pay cash in lieu of fractional interests. All fractional interests
      shall be eliminated by rounding any fraction up to the nearest whole number
      of
      securities, properties or rights receivable upon exercise of this
      Warrant.

    

    6.  RESERVATION
      AND LISTING OF SECURITIES.
      The
      Company shall at all times reserve and keep available out of its authorized
      shares of Common Stock or other securities, solely for the purpose of issuance
      upon the exercise of this Warrant, such number of shares of Common Stock or
      other securities, properties or rights as shall be issuable upon the exercise
      hereof. The Company covenants and agrees that, upon exercise of this Warrant
      and
      payment of the Exercise Price, all shares of Common Stock and other securities
      issuable upon such exercise shall be duly and validly issued, fully paid,
      non-assessable and not subject to the preemptive rights of any
      stockholder.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    7. NOTICES.
      Notices
      to be given hereunder shall be in writing and shall be deemed to have been
      sufficiently given if delivered personally or sent by overnight courier or
      messenger or sent by registered or certified mail (air mail if overseas), return
      receipt requested, or by facsimile transmission. Notice shall be deemed to
      have
      been received on the date of personal delivery or facsimile transmission, or
      if
      sent by overnight courier or messenger, shall be deemed to have been received
      on
      the next delivery day after deposit with the courier or messenger, or if sent
      by
      certified or registered mail, return receipt requested, shall be deemed to
      have
      been received on the third business day after the date of mailing. The address
      of the Company is set forth in the Subscription Agreement and the Company shall
      give written notice of any change of address to the Warrantholder. The address
      of the Warrantholder is as set forth below and the Warrantholder shall give
      written notice of any change of address to the Company. 

    

    8. CONSENT
      TO JURISDICTION AND SERVICE OF PROCESS.
      The
      Company consents to the jurisdiction of the Clark County Superior Court or
      the
      United States District Court in Las Vegas Nevada. 

    

    9. GOVERNING
      LAW.
      This
      Warrant shall be governed by and construed and interpreted in accordance with
      the laws of the state of Nevada applicable to contracts made and to be performed
      entirely therein, without giving effect to the rules and conflicts of
      law.

    

    10. CONFORMITY
      WITH LAW.
      It is
      the intention of the Company and of the Warrantholder to conform strictly to
      applicable usury and similar laws. Accordingly, notwithstanding anything to
      the
      contrary in this Warrant, it is agreed that the aggregate of all charges which
      constitute interest under applicable usury and similar laws that are contract
      for, chargeable or receivable under or in respect of this Warrant, shall under
      no circumstances exceed the maximum amount of interest permitted by such laws,
      and any excess, whether occasioned by acceleration or maturity of this Warrant
      or otherwise, shall be canceled automatically, and if theretofore paid, shall
      be
      either refunded to the Company or credited on the principal amount of this
      Warrant.

    

    11. NOTICE
      OF RIGHT TO COUNSEL.
      Each of
      the parties has had the opportunity to, and has had, this Agreement reviewed
      by
      their respective attorney. Each of the parties affirms to the other that they
      have apprized themselves of all relevant information giving rise to this
      Agreement and has consulted and discussed with their independent advisors the
      provisions of this Agreement and fully understands the legal consequences of
      each provision. Each party further affirms to the other that they have not,
      and
      do not, rely upon any representation of advice from the other or from the other
      parties’ counsel.

    

    12. SUCCESSORS.
      All the
      covenants and provisions of this Warrant shall be binding upon and inure to
      the
      benefit of the Company, the Holder and their respective legal representatives,
      successors and assigns. Holder may assign the Warrant at its
      discretion.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    13. PIGGYBACK
      REGISTRATION RIGHTS.
      If the
      Company at any time proposes to register any of its securities under the Act,
      including under an SB-2 Registration Statement or otherwise, the Company will
      use its best efforts to cause all of the shares of common stock underlying
      the
      Warrants owned by Holder to be registered under the Act (with the securities
      which the Company at the time propose to register), all to the extent requisite
      to permit the sale or other disposition by the Holder; provided, however, that
      the Company may, as a condition precedent to its effecting such registration,
      require the Holder to agree with the Company and the managing underwriter or
      underwriters of the offering to be made by the Company in connection with such
      registration that the Holder will not sell any securities of the same class
      or
      convertible into the same class as those registered by the Company (including
      any class into which the securities registered by the Company are convertible)
      for such reasonable period after such registration becomes effective as shall
      then be specified in writing by such underwriter or underwriters if in the
      opinion of such underwriter or underwriters the Company's offering would be
      materially adversely affected in the absence of such an agreement. All expenses
      incurred by the Company in complying with this Section, including without
      limitation all registration and filing fees, listing fees, printing expenses,
      fees and disbursements of all independent accounts, or counsel for the Company
      and or counsel for the Holder and the expense of any special audits incident
      to
      or required by any such registration and the expenses of complying with the
      securities or blue sky laws of any jurisdiction shall be paid by the Company.
      Notwithstanding the foregoing, Holder shall pay all underwriting discounts
      or
      commissions with respect to any securities sold by the Holder.

    

    (a) Indemnification.

    

    (i) In
      the
      event of any registration of any of its securities under the Act pursuant to
      this Section, the Company hereby indemnifies and holds harmless the Holder
      (which phrase shall include any underwriters of such securities), their
      respective directors and officers, and each other person who participates,
      in
      the offering of such securities and each other person, if any, who controls
      the
      Holder, or such participating persons within the meaning of the Act, against
      any
      losses, claims, damages or liabilities, joint or several, to which each the
      Holder or any such director or officer or participating person or controlling
      person may become subject under the Act or otherwise, insofar as such losses,
      claims, damages or liabilities (or actions in respect thereof) arise out of
      or
      are based upon any untrue statement or alleged untrue statement of any material
      fact contained, on the effective date thereof, in any registration statement
      under which such securities were registered under the Act, any preliminary
      prospectus or final prospectus contained therein, or any amendment or supplement
      thereto, or arise out of or are based upon any 

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    omission
      or alleged omission to state therein an material fact required to be stated
      therein or necessary to make the statements therein not misleading; and will
      reimburse each the Holder and each director, officer or participating or
      controlling person for any legal or any other expenses reasonably incurred
      by
      the Holder or such director, officer or participating or controlling person
      in
      connection with investigating or defending any such loss, claim, damage,
      liability or action; provided, however, that the Company shall not be liable
      in
      any such case to the extent that any such loss, claim, damage or liability
      arises out of is based upon an untrue statement or alleged untrue statement
      or
      omission or alleged omission made in such registration statement, preliminary
      prospectus or prospectus or amendment or supplement in reliance upon and in
      conformity with written information furnished to the Company through an
      instrument duly executed by the Holder specifically stating that it is for
      use
      therein. Such indemnity shall remain in full force and effect regardless of
      any
      investigation made by or on behalf of the Holder or such directors, officer
      or
      participating or controlling person, and shall survive the transfer of such
      securities by the Holder. 

    

    (ii) The
      Holder shall by acceptance thereof, indemnify and hold harmless the Company
      and
      its directors and officers, and each person, if any who controls the Company,
      against any losses, claims, damages or liabilities, joint or several, to which
      the Company or any director or officer or any such person may become subject
      under the Act or otherwise, insofar as such losses, claims, damages or
      liabilities (or actions in respect thereof) arise out of or are based upon
      any
      untrue statement or alleged untrue statement of any material fact contained,
      on
      the effective date thereof, in any registration statement under which securities
      were registered under the Act at the request of such holder, any preliminary
      prospectus or final prospectus contained therein, or any amendment or supplement
      thereto, or arise out of or are based upon the omission or alleged omission
      to
      state therein a material fact required to be stated therein or necessary to
      make
      the statements therein not misleading, in each case to the extent, but only
      to
      the extent, that such untrue statement or alleged untrue statement or omission
      or alleged omission was made in such registration statement, preliminary
      prospectus, prospectus, amendment or supplement in reliance upon and in
      conformity with written information furnished to the Company through an
      instrument duly executed by or on behalf of such holder specifically stating
      that it is for use therein; and will reimburse the Company or such director,
      officer or person for any legal or any other expense reasonably incurred in
      connection with investigation or defending any such loss, claim, damage,
      liability or action. 

    

    (b) Rule
      144.
      If the Company shall be subject to the reporting requirements of the Securities
      Exchange Act of 1934, as amended (the "1934 Act"), the Company will use its
      best
      efforts timely to file all reports required to be filed from time to time with
      the SEC (including but not limited to the reports under Section 13 and 15(d)
      of
      the 1934 Act referred to in subparagraph (c)(1) of Rule 144 adopted

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    by
      the
      SEC under the Act). If there is a public market for any securities of the
      Company at any time that the Company is not subject to the reporting
      requirements of either of said Section 13 or 15(d), the Company will, upon
      the
      request of Holder, use its best efforts to make publicly available the
      information concerning the Company referred to in subparagraph (c)(2) of said
      Rule 144. The Company will furnish to Holder, promptly upon request, (i) a
      written statement of the Company's compliance with the requirements of
      subparagraphs (c)(1) or (c)(2), as the case may be, of said Rule 144, and (ii)
      written information concerning the Company sufficient to enable Holder to
      complete any Form 144 required to be filed with the SEC pursuant to said Rule
      144. 

    

    [SIGNATURE
      PAGE FOLLOWS]

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      Company has signed and sealed this Warrant as of February 15, 2007

    

    COMPANY:

    

    Millenium
      Holding Group, Inc.

    a
      Nevada
      corporation

    

    

    /s/
      Richard
      Ham                                              

    BY: Richard
      Ham

    ITS: President
      and CEO

    

    WARRANTHOLDER:

    

    Dennis
      M.
      Eliassen

    

    

    /s/
      Dennis M.
      Eliassen                                  

    BY: Dennis
      M.
      Eliassen

     

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    FORM
      OF ELECTION TO PURCHASE

    

    The
      undersigned, a Holder of the attached Warrant, hereby irrevocably elects to
      exercise the purchase right represented by the attached Warrant Agreement for,
      and to purchase shares of Common Stock of Millenium Holding Group, Inc., a
      Nevada corporation and herewith makes payment of $_______________________
      therefor, and requests that the certificates for such securities be issued
      in
      the name of, and delivered to ___________________________,
      whose address is
      ____________________________________________________________.

    

    

    

    Dated:__________________________ 
      Signature

    

    
 

    _________________________________
(Signature
      must conform in all respects to name
of Holder of such partial interest as
      specified on
 the face of the Warrant Certificate)

    

    ______________________________________
(Insert
      Social Security or Other
Identifying
      Number of Holder)

     

     

    
      
        
        

      

      
        8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}]]