Document:

Silver Pearl Ent., Inc. Exhibit 4.1

Silver Pearl Enterprises, Inc.

SUBSCRIPTION AGREEMENT

________________, 2005

Silver Pearl Enterprises, Inc.

1545 E. Interstate 30

Rockwall, Texas 75087

Ladies and Gentlemen:

    1.   PURCHASE OF COMMON STOCK.   Intending to be legally bound , I hereby agree to purchase ________ shares of voting, $0.001 par value common stock (the "Shares") of Silver Pearl Enterprises, Inc. (the "Corporation") for  ______________ U.S. Dollars (number of Shares to be purchased multiplied by $0.50). This offer to purchase is submitted in accordance with and subject to the terms and conditions described in this Subscription Agreement (the "Agreement"). I acknowledge that the Corporation reserves the right, in its sole and absolute discretion, to accept or reject this subscription and the subscription will not be binding until accepted by the Corporation in writing.

    2.   PAYMENT.   I agree to deliver to the Corporation immediately available funds in the full amount due under this Agreement, by cash or by certified, personal or cashier's check payable to the "Silver Pearl Enterprises, Inc." The funds will be held by the Company, uncashed in the safe of the Lamberth Law Firm, R. Bradley Lamberth, Esquire,1010 W. Ralph Hall Parkway, Rockwall, Texas 75032, until the minimum amount is sold, at which time the funds will be released to the company, the checks cashed, and stock certificates issued. The funds will not be commingled with any other monies, and if the minimum amount is not raised by the end of the offering period, March 15, 2006, all funds will be refunded immediately, without interest.

    3.   ISSUANCE OF SHARES.   The Shares subscribed for herein will only be issued upon acceptance by the Corporation as evidenced by the Corporation returning to the investor an executed Agreement acknowledging acceptance and upon satisfaction of the terms and conditions of the offering.

 

    4. REPRESENTATION AND WARRANTIES. 

A.   I understand that the offering and sale of the Shares is registered under (i) the Securities Act of 1933, as amended (the "Securities Act"), and (ii) various States' Divisions of Securities in compliance with their administration and enforcement of the respective States' Blue Sky Laws and Regulations.  In accordance therewith and in furtherance thereof, I represent and warrant to and agree with the Corporation as follows:

         I am a resident of the State of ________________ as of the date of this Agreement and I have no present intention of becoming a resident of any other state or jurisdiction;

    5.   IRREVOCABILITY; BINDING EFFECT.   I hereby acknowledge and agree that the purchase hereunder is irrevocable, that I am not entitled to cancel, terminate or revoke this Agreement or any agreements of the undersigned hereunder and that this Agreement and such other agreements shall survive my death or disability and shall be binding upon and

inure to the benefit of the parties and their heirs, executor, administrators, successors, legal representatives and assigns. If the undersigned is more than one person, the obligations of the undersigned hereunder shall be joint and several, and the agreements, representations, warranties and acknowledgments herein contained shall be deemed to be made by and are binding upon each such person and his heirs, executors, administrators, successors, legal representatives and assigns.

    6.   MODIFICATION.   Neither this Agreement not any provisions hereof shall be waived, modified, discharged or terminated except by an instrument in writing signed by the party against whom any such waiver, modification, discharge or termination is sought.

    7.   NOTICES.   Any notice, demand or other communication which any party hereto may require, or may elect to give to anyone interested hereunder shall be sufficiently given if [a] deposited, postage prepaid, in a United States mail box, stamped registered or certified mail, return receipt requested addressed to such address as may be listed on the books of the Corporation, [b] delivered personally at such address, or [c] delivered (in person, or by a facsimile transmission, telex or similar telecommunications equipment) against receipt.

    8.   COUNTERPARTS.   This Agreement may be executed through the use of separate signature pages or in any number of counterparts, and each of such counterparts shall, for all purposes, constitute one agreement binding on all parties, notwithstanding that all parties are not signatories to the same counterpart.

    9.  ENTIRE AGREEMENT.   This Agreement contains the entire agreement of the parties with respect to the subject matter  hereof, and there are no representations, covenants or other agreements except as stated or referred to herein.

    10.  SEVERABILITY.   Each provision of the Agreement is intended to be severable from every other provision, and the invalidity or illegality of any portion hereof shall not affect the validity or legality of the remainder hereof.

    11.  ASSIGNABILITY.   This Agreement is not transferable or assignable by the undersigned except as may be provided herein.

    12.  APPLICABLE LAW.   This Agreement shall be governed by and construed in accordance with the laws of the State of Texas as applied to residents of that state executing contracts wholly to be performed in that state.

INDIVIDUAL(S) SUBSCRIBER

IN WITNESS WHEREOF, I have executed this Agreement as of the ____ day of  ___________, 2005.

Address:

___________________________________

______________________________

Signature of Purchaser       

   

______________________________

___________________________________

Name(s) of Purchaser  (Please print or type)

ENTITY SUBSCRIBER

                                           

IN WITNESS WHEREOF, I have executed this Agreement as of the ______ day of  _________________, 2005.

Address:

____________________________

____________________________________

Entity

____________________________________

______________________________

Signed By

Its: ___________________________

______________________________

Date

PURCHASE ACCEPTED FOR _________ SHARES:

Silver Pearl Enterprises, Inc.

By: ________________________________

       Denise D. Smith, President

Date: _______________________________Silver Pearl Enterprises, Inc. Exhibit 10.1

CONSENT OF CERTIFIED PUBLIC ACCOUNTANTS

We consent to the use of our report dated March 25, 2005 on the financial statements of Silver Pearl Enterprises, Inc. as of December 31, 2004, and the related statements of operations, stockholders’ equity and cash flows for the period from May 4, 2004 (Date of Inception) through December 31, 2004, and the inclusion of our name under the heading “Experts” in the Form SB-1 Registration Statement filed with the Securities & Exchange Commission.

SIGNATURE

/s/  David S. Hall, P.C.

David S. Hall, P.C.

Dallas, Texas

September 25, 2005THIS  WARRANT  AND  THE  SECURITIES  ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN
REGISTERED  UNDER  THE  SECURITIES  ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR
APPLICABLE  STATE  SECURITIES  LAWS  AND  MAY  NOT  BE  OFFERED  FOR SALE, SOLD,
TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT  FOR  SUCH  SECURITIES  UNDER  THE 1933 ACT, OR AN OPINION OF COUNSEL,
SATISFACTORY  TO  THE  ISSUER  HEREOF,  TO  THE  EFFECT THAT REGISTRATION IS NOT
REQUIRED  UNDER  THE  1933  ACT.

                               WARRANT TO PURCHASE
                                 COMMON STOCK OF
                         PETROSEARCH ENERGY CORPORATION

Date of Issuance: September 30, 2005                            Warrant No. ____

          This  certifies  that,  for  value  received,  PETROSEARCH  ENERGY
CORPORATION,  a Nevada corporation (the "Company"), grants FORTUNA ENERGY, L.P.,
A  CALIFORNIA  LIMITED  PARTNERSHIP  or  registered  assigns  (the  "Registered
Holder"),  the  right  to  subscribe  for  and purchase from the Company, at the
Exercise  Price  (as  defined  herein),  from  and after 9:00 a.m. Texas time on
September  30,  2005  (the  "Date  of Issuance") and to and including 5:00 p.m.,
Texas  time  on  November  1, 2007 (the "Expiration Date"), ONE HUNDRED THOUSAND
(100,000)  shares, as such number of shares may be adjusted from time to time as
described  herein  (the  "Warrant  Shares"),  of the Company's common stock, par
value  $.001  per share (the "Common Stock"), subject to the provisions and upon
the  terms  and  conditions  herein set forth. The "Exercise Price" per share of
Common  Stock  shall  be  TWO  DOLLARS  ($2.00)  per  share.

          SECTION 1.     REGISTRATION.  The Company shall register this Warrant,
upon  records  to  be  maintained  by the Company for that purpose (the "Warrant
Records"), in the name of the Registered Holder.  The Company may deem and treat
the  Registered  Holder as the absolute owner of this Warrant for the purpose of
any  exercise  hereof  or any distribution to the Registered Holder, and for all
other  purposes,  and  the  Company  shall  not be affected by any notice to the
contrary.

          SECTION 2.     REGISTRATION  OF  TRANSFERS  AND  EXCHANGES.

          (a)     Subject  to  Section  9 hereof, the Company shall register the
transfer  of this Warrant, in whole or in part, upon records to be maintained by
the  Company  for that purpose, upon surrender of this Warrant, with the Form of
Assignment attached hereto completed and duly endorsed by the Registered Holder,
to the Company at the office specified in or pursuant to Section 3(b).  Upon any
such  registration of transfer, a new Warrant, in substantially the form of this
Warrant,  evidencing  the  Common  Stock purchase rights so transferred shall be
issued  to  the  transferee  and  a new Warrant, in similar form, evidencing the
remaining  Common  Stock  purchase  rights  not so transferred, if any, shall be
issued  to  the  Registered  Holder.

          (b)     This Warrant is exchangeable, upon the surrender hereof by the
Registered  Holder  at  the  office  of  the Company specified in or pursuant to
Section 3(b) hereof, for new Warrants, in substantially the form of this Warrant
evidencing, in the aggregate, the right to purchase the number of Warrant Shares
which may then be purchased hereunder, each of such new Warrants to be dated the
date  of  such  exchange  and  to represent the right to purchase such number of
Warrant  Shares  as  shall be designated by the Registered Holder at the time of
such  surrender.

<PAGE>
          SECTION 3.  DURATION  AND  EXERCISE  OF  THIS  WARRANT.

          (a)     This  Warrant shall be exercisable by the Registered Holder as
to  the  Warrant  Shares at any time during the period commencing on the Date of
Issuance  and  ending  on  the Expiration Date. At 5:00 p.m., Texas time, on the
Expiration  Date,  this  Warrant,  to the extent not previously exercised, shall
become  void  and  of  no  further  force  or  effect.

          (b)     Subject  to  Sections  4,  and  7  hereof,  upon  exercise  or
surrender of this Warrant, with the Form of Election to Purchase attached hereto
completed  and  duly  endorsed  by  the Registered Holder, to the Company at 675
Bering  Drive, Suite 200, Houston, Texas 77057, Attention: President, or at such
other  address  as  the Company may specify in writing to the Registered Holder,
and upon payment of the Exercise Price multiplied by up to the number of Warrant
Shares then issuable upon exercise of this Warrant in lawful money of the United
States  of  America,  all  as  specified by the Registered Holder in the Form of
Election to Purchase, the Company shall promptly issue and cause to be delivered
to or upon the written order of the Registered Holder, and in such name or names
as  the  Registered  Holder  may designate, a certificate for the Warrant Shares
issued  upon such exercise.  Any person so designated in the Form of Election to
Purchase,  duly  endorsed by the Registered Holder, as the person to be named on
the  certificates  for the Warrant Shares, shall be deemed to have become holder
of record of such Warrant Shares, evidenced by such certificates, as of the Date
of  Exercise  (as  hereinafter  defined)  of  such  Warrant.

          (c)     The  Registered  Holder  may pay the applicable Exercise Price
pursuant  to Section 3(b), at the option of the Registered Holder, either (i) in
cash or by cashier's or certified bank check payable to the Company in an amount
equal  to  the product of the Exercise Price multiplied by the number of Warrant
Shares  being  purchased upon such exercise (the "Aggregate Exercise Price"), or
(ii)  by wire transfer of immediately available funds to the account which shall
be  indicated  in  writing  by  the  Company  to  the  Registered  Holder.

          (d)     The  "Date of Exercise" of any Warrant means the date on which
the  Company  shall have received (i) this Warrant, with the Form of Election to
Purchase  attached  hereto  appropriately  completed and duly endorsed, and (ii)
payment  of  the  Aggregate  Exercise  Price  as  provided  herein.

          (e)     This  Warrant  shall be exercisable either in its entirety or,
from  time  to  time,  for  part  only of the number of Warrant Shares which are
issuable hereunder.  If this Warrant shall have been exercised only in part, the
Company  shall,  at  the  time  of  delivery of the certificates for the Warrant
Shares  issued pursuant to such exercise, deliver to the Registered Holder a new
Warrant  evidencing  the  rights to purchase the remaining Warrant Shares, which
Warrant  shall  be  substantially  in  the  form  of  this  Warrant.

          SECTION 4.     PAYMENT  OF  TAXES  AND  EXPENSES.

          (a)     The  Company  will  pay all expenses and taxes (other than any
federal or state income tax or similar obligations of the Registered Holder) and
other  governmental charges attributable to the preparation, execution, issuance
and  delivery of this Warrant, any new Warrant and the Warrant Shares; provided,
however, that the Company shall not be required to pay any tax in respect of the
transfer  of  this Warrant or the Warrant Shares, or the issuance or delivery of
certificates  for  Warrant Shares upon the exercise of this Warrant, to a person
or  entity  other  than  a  Registered  Holder  or  an Affiliate (as hereinafter
defined)  of  such  Registered  Holder.

          (b)     An  "Affiliate" of any person or entity means any other person
or  entity  directly or indirectly controlling, controlled by or under direct or
indirect  common  control  with  such  person  or  entity.

          SECTION 5.     MUTILATED  OR  MISSING  WARRANT  CERTIFICATE.  If  this
Warrant  shall  be  mutilated,  lost,  stolen  or destroyed, upon request by the
Registered Holder, the Company will issue, in exchange for and upon cancellation
of  the  mutilated Warrant, or in substitution for the lost, stolen or destroyed
Warrant,  a  new  Warrant,  in  substantially  the form of this Warrant, of like
tenor,  but,  in  the  case  of  loss,  theft  or  destruction,  only

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<PAGE>
upon  receipt  of  evidence reasonably satisfactory to the Company of such loss,
theft or destruction of this Warrant and, if requested by the Company, indemnity
also  reasonably  satisfactory  to  it.

          SECTION 6.     RESERVATION,  LISTING  AND ISSUANCE OF WARRANT SHARES.

          (a)     The Company will at all times have authorized, and reserve and
keep  available,  free from preemptive rights, for the purpose of enabling it to
satisfy  any  obligation to issue Warrant Shares upon the exercise of the rights
represented  by  this  Warrant,  the  number  of Warrant Shares deliverable upon
exercise of this Warrant.  The Company will, at its expense, use it best efforts
to  cause  such  shares  to  be included in or listed on (subject to issuance or
notice  of  issuance  of Warrant Shares) all markets or stock exchanges in or on
which  the  Common  Stock is included or listed not later than the date on which
the  Common Stock is first included or listed on any such market or exchange and
will thereafter maintain such inclusion or listing of all shares of Common Stock
from time to time issuable upon exercise of this Warrant.

          (b)     Before  taking  any  action  which  could  cause an adjustment
pursuant  to Section 7 hereof reducing the Exercise Price below the par value of
the  Warrant  Shares,  the  Company  will take any corporate action which may be
necessary  in  order  that  the  Company  may  validly  and legally issue at the
Exercise  Price,  as  so  adjusted,  Warrant  Shares  that  are  fully  paid and
non-assessable.

          (c)     The  Company  covenants  that  all  Warrant  Shares will, upon
issuance  in  accordance with the terms of this Warrant, be (i) duly authorized,
fully  paid  and nonassessable, and (ii) free from all taxes with respect to the
issuance thereof and from all liens, charges and security interests.

          SECTION 7.     ADJUSTMENT  OF  NUMBER  OF  WARRANT  SHARES.

          (a)  The number of Warrant Shares to be purchased upon exercise hereof
is  subject  to  change or adjustment from time to time as hereinafter provided:

               (i)     Stock  Dividends;  Stock  Splits;  Reverse  Stock Splits;
                       ---------------------------------------------------------
Reclassifications.  In case the Company shall (a) pay a dividend with respect to
-----------------
its  Common  Stock  in  shares  of  capital stock, (b) subdivide its outstanding
shares  of Common Stock, (c) combine its outstanding shares of Common Stock into
a  smaller number of shares of any class of Common Stock or (d) issue any shares
of  its  capital  stock in a reclassification of the Common Stock (including any
such  reclassification in connection with a consolidation or merger in which the
Company  is  the continuing corporation), other than elimination of par value, a
change  in  par  value,  or  a change from par value to no par value (any one of
which  actions  is  herein  referred to as an "Adjustment Event"), the number of
Warrant  Shares  purchasable  upon  exercise of the Warrant immediately prior to
the  record  date  for  such  Adjustment  Event  shall  be  adjusted so that the
Registered  Holder  shall thereafter be entitled to receive the number of shares
of  Common  Stock  or  other  securities  of  the Company (such other securities
thereafter  enjoying  the  rights  of shares of Common Stock under this Warrant)
that  such  Registered  Holder would have owned or have been entitled to receive
after  the  happening  of such Adjustment Event, had such Warrant been exercised
immediately  prior  to the happening of such Adjustment Event or any record date
with respect thereto.  An adjustment made pursuant to this Section 7(a)(i) shall
become  effective  immediately after the effective date of such Adjustment Event
retroactive  to  the  record  date,  if  any,  for  such  Adjustment  Event.

               (ii)     Adjustment  of  Exercise  Price.  Whenever the number of
                        -------------------------------
Warrant  Shares  purchasable  upon  the  exercise  of  each  Warrant is adjusted
pursuant  to  Section 7(a)(i), the Exercise Price for each Warrant Share payable
upon  exercise  of  each  Warrant shall be adjusted by multiplying such Exercise
Price immediately prior to such adjustment by a fraction, the numerator of which
shall  be  the

                                        3
<PAGE>
number  of  shares of Common Stock purchasable upon the exercise of each Warrant
immediately  prior to such adjustment, and the denominator of which shall be the
number of shares of Common Stock so purchasable immediately thereafter.

               (iii)     Adjustments  for Consolidation, Merger, Sale of Assets,
                         -------------------------------------------------------
Reorganization,  etc.  In  case the Company (i) consolidates with or merges into
--------------------
any other corporation and is not the continuing or surviving corporation of such
consolidation  of  merger,  or (ii) permits any other corporation to consolidate
with  or  merge  into the Company and the Company is the continuing or surviving
corporation  but,  in  connection  with such consolidation or merger, the Common
Stock  is  changed  into or exchanged for stock or other securities of any other
corporation or cash or any other assets, or (iii) transfers all or substantially
all  of  its  properties  and assets to any other corporation, or (iv) effects a
capital  reorganization  or reclassification of the capital stock of the Company
in  such  a way that holders of Common Stock shall be entitled to receive stock,
securities,  cash and/or assets with respect to or in exchange for Common Stock,
then,  and  in  each such case, proper provision shall be made so that, upon the
basis  and upon the terms and in the manner provided in this subsection (f), the
Registered  Holder,  upon  the  exercise  of  this Warrant at any time after the
consummation  of  such  consolidation,  merger,  transfer,  reorganization  or
reclassification,  shall be entitled to receive (at the aggregate Exercise Price
in effect for all shares of Common Stock issuable upon such exercise immediately
prior to such consummation as adjusted to the time of such transaction), in lieu
of  shares  of  Common  Stock  issuable  upon  such  exercise  prior  to  such
consummation,  the  stock and other securities, cash and/or assets to which such
holder  would have been entitled upon such consummation if the Registered Holder
had  so exercised this Warrant immediately prior thereto (subject to adjustments
subsequent  to  such  corporate  action  as nearly equivalent as possible to the
adjustments  provided  for  in  this  Section).

               (iv)     De  Minimis  Adjustments.  No adjustment in the Exercise
                        ------------------------
Price  and  number  of  Warrant  Shares  purchasable hereunder shall be required
unless  such  adjustment would require an increase or decrease of at least $0.15
in  the  Exercise Price; provided, however, that any adjustments which by reason
of  this  Section  7(a)(iv) are not required to be made shall be carried forward
and  taken into account in any subsequent adjustment.  All calculations shall be
made  to  the  nearest  full  share.

          (b)     Notice  of  Adjustment.  Whenever the number of Warrant Shares
                  ----------------------
purchasable upon the exercise of each Warrant or the Exercise Price is adjusted,
as  herein  provided, the Company shall promptly notify the Registered Holder in
writing  (such writing referred to as an "Adjustment Notice") of such adjustment
or  adjustments  and shall deliver to such Registered Holder a statement setting
forth the number of shares of Common Stock purchasable upon the exercise of each
Warrant  and  the  Exercise  Price  after such adjustment, setting forth a brief
statement  of  the  facts  requiring  such  adjustment  and  setting  forth  the
computation  by  which  such  adjustment  was  made.

          (c)     Other  Notices.  In  case  at  any  time:
                  --------------

               (i)     the Company shall declare any cash dividend on its Common
Stock;

               (ii)     the Company shall pay any dividend payable in stock upon
its Common Stock or make any distribution (other than regular cash dividends) to
the  holders  of  its  Common  Stock;

               (iii)     the  Company  shall  offer for subscription pro rata to
the  holders  of its Common Stock any additional shares of stock of any class or
other  rights;

               (iv)     the  Company  shall  authorize  the  distribution to all
holders  of  its  Common Stock of evidences of its indebtedness or assets (other
than  cash  dividends  or  cash  distributions payable out of earnings or earned
surplus  or  dividends  payable  in  Common  Stock);

                                        4
<PAGE>
               (v)     there  shall  be  any  capital  reorganization,  or
reclassification of the capital stock of the Company, or consolidation or merger
of  the Company with another corporation (other than a subsidiary of the Company
in  which  the  Company is the surviving or continuing corporation and no change
occurs  in  the  Company's Common Stock), or sale of all or substantially all of
its  assets  to  another  corporation;  or

               (vi)     there  shall  be a voluntary or involuntary dissolution,
liquidation,  bankruptcy, assignment for the benefit of creditors, or winding up
of  the  Company;

then,  in  any  one or more of said cases the Company shall give written notice,
addressed  to  the Registered Holder at the address of such Registered Holder as
shown  on  the  books  of the Company, of (1) the date on which the books of the
Company  shall  close or a record shall be taken for such dividend, distribution
or  subscription  rights,  or  (2) the date (or, if not then known, a reasonable
approximation  thereof  by  the  Company)  on  which  such  reorganization,
reclassification,  consolidation,  merger,  sale,  dissolution,  liquidation,
bankruptcy, assignment for the benefit of creditors, winding up or other action,
as the case may be, shall take place. Such notice shall also specify (or, if not
then  known,  reasonably approximate) the date as of which the holders of Common
Stock of record shall participate in such dividend, distribution or subscription
rights,  or  shall  be entitled to exchange their Common Stock for securities or
other  property  deliverable  upon  such  reorganization,  reclassification,
consolidation,  merger,  sale,  dissolution, liquidation, bankruptcy, assignment
for  the  benefit of creditors, winding up, or other action, as the case may be.
Such written notice shall be given at least ten (10) days prior to the action in
question and not less than ten (10) days prior to the record date or the date on
which  the  Company's  transfer books are closed in respect thereto. Such notice
shall  also  state  that the action in question or the record date is subject to
the  effectiveness  of  a  registration  statement  under  the 1933 Act, or to a
favorable  vote  of  stockholders,  if  either  is  required.

          (d)     Statement  on  Warrants.  The form of this Warrant need not be
                  -----------------------
changed  because of any change in the Exercise Price or in the number or kind of
shares  purchasable  upon the exercise of a Warrant. However, the Company may at
any  time in its sole discretion make any change in the form of the Warrant that
it  may  deem appropriate and that does not affect the substance thereof and any
Warrant  thereafter  issued,  whether  in  exchange  or  substitution  for  any
outstanding Warrant or otherwise, may be in the form so changed.

          (e)     Fractional  Interest.  The  Company  shall  not be required to
                  --------------------
issue  fractional Warrant Shares on the exercise of the Warrants.  The number of
full Warrant Shares which shall be issuable upon such exercise shall be computed
on the basis of the aggregate number of whole shares of Common Stock purchasable
on  the  exercise  of  the Warrants so presented.  If any fraction of a share of
Common  Stock  would, except for the provisions of this Section 7(e) be issuable
on  the  exercise of the Warrants (or specified proportion thereof), the Company
shall  pay an amount in cash calculated by it to be equal to the then fair value
of  one  share  of  Common Stock, as determined by the Board of Directors of the
Company in good faith, multiplied by such fraction computed to the nearest whole
cent.

          SECTION  8.     NO  RIGHTS  OR  LIABILITIES  AS  A  STOCKHOLDER.  The
Registered  Holder  shall  not  be  entitled  to vote or be deemed the holder of
Common  Stock  or  any  other securities of the Company which may at any time be
issuable  on  the  exercise  hereof,  nor  shall  anything  contained  herein be
construed  to  confer  upon the holder of this Warrant, as such, the rights of a
stockholder of the Company or the right to vote for the election of directors or
upon  any  matter  submitted  to stockholders at any meeting thereof, or give or
withhold  consent  to  any  corporate action or to receive notice of meetings or
other  actions affecting stockholders (except as provided herein), or to receive
dividends  or subscription rights or otherwise, until the Date of Exercise shall
have  occurred.  No  provision  of  this  Warrant, in the absence of affirmative
action  by  the Registered Holder hereof to purchase shares of Common Stock, and
no  mere  enumeration  herein  of  the  rights  and privileges of the Registered
Holder,

                                        5
<PAGE>
shall  give  rise to any liability of such holder for the Exercise Price or as a
stockholder of the Company, whether such liability is asserted by the Company or
by  creditors  of  the  Company.

          SECTION 9.     TRANSFER  RESTRICTIONS; REGISTRATION OF THE WARRANT AND
WARRANT  SHARES.

          (a)     Neither  the  Warrant  nor  the  Warrant  Shares  have  been
registered  under  the  1933  Act.  The Registered Holder, by acceptance hereof,
represents  that  it  is  acquiring  this Warrant to be issued to it for its own
account and not with a view to the distribution thereof, and agrees not to sell,
transfer,  pledge  or  hypothecate  this  Warrant, any purchase rights evidenced
hereby  or  any  Warrant Shares unless a registration statement is effective for
this  Warrant or the Warrant Shares under the 1933 Act or in the opinion of such
Registered  Holder's  counsel  reasonably satisfactory to the Company, a copy of
which opinion shall be delivered to the Company, such transaction is exempt from
the  registration  requirements  of  the  1933  Act.

          (b)     Subject  to  the provisions of the following paragraph of this
Section  9,  each  Certificate  for Warrant Shares shall be stamped or otherwise
imprinted  with  a  legend  in  substantially  the  following  form:

     THE  SHARES  REPRESENTED  BY  THIS  CERTIFICATE  HAVE  NOT  BEEN
     REGISTERED  UNDER  THE  SECURITIES  ACT  OF 1933, AS AMENDED (THE
     "1933  ACT"),  OR APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE
     OFFERED  FOR  SALE, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF IN
     THE  ABSENCE  OF  AN  EFFECTIVE  REGISTRATION  STATEMENT FOR SUCH
     SECURITIES  UNDER  THE  1933  ACT,  OR  AN  OPINION  OF  COUNSEL,
     SATISFACTORY  TO  THE  ISSUER  HEREOF,  TO  THE  EFFECT  THAT
     REGISTRATION  IS  NOT  REQUIRED  UNDER  THE  1933  ACT.

          (c)     The  restrictions  and requirements set forth in the foregoing
paragraph  shall  apply  with  respect  to  Warrant Shares unless and until such
Warrant  Shares  are  sold  or  otherwise  transferred  pursuant to an effective
registration  statement under the 1933 Act or are otherwise no longer subject to
the  restrictions  of the 1933 Act, at which time the Company agrees to promptly
cause  such  restrictive  legends  to  be removed and stop transfer restrictions
applicable  to  such  Warrant  Shares  to  be  rescinded.

          (d)     The  Company  will  use  its  best  efforts to comply with the
reporting requirements of Section 13 and 15(d) of the Securities Exchange Act of
1934,  as amended (the "1934 Act") (whether or not it shall be required to do so
pursuant  to  such  Sections)  and  will use its best efforts to comply with all
other  public  information reporting requirements of the Securities and Exchange
Commission  (including,  without  limitation, Securities and Exchange Commission
("SEC") Rule 144 promulgated under the 1933 Act) from time to time in effect and
relating  to  the  availability  of  an  exemption from the 1933 Act for sale of
restricted  securities.  The  Company  also  will  cooperate with the Registered
Holder  and with each holder of any Warrant Shares in supplying such information
as  may  be  necessary for any such holders to complete and file any information
reporting forms presently or hereafter required by the SEC as a condition to the
availability  of  an  exemption  from  the  1933  Act for the sale of restricted
securities.

          SECTION 10.     REGISTRATION  RIGHTS.
                          --------------------

     The Company covenants and agrees as follows:

     (a)     Definitions.  For  purposes  of  this  Section  10:
             -----------

               (i)  The  term  "1934  Act"  means the Securities Exchange Act of
1934,  as  amended.

               (ii)  The term "Holder" means each of the persons who at the time
holds  Registrable  Securities or a warrant or warrants (including this Warrant)
to  purchase  Registrable  Securities.

                                        6
<PAGE>
               (ii)  The term "Public Corporation" means a corporation which has
a  class of equity securities registered pursuant to Section 12 of the 1934 Act,
or  which  is required to file periodic reports pursuant to Section 15(d) of the
1934  Act.

               (iv)  The terms "register," "registered" and "registration" refer
to  a  registration effected by preparing and filing a registration statement or
similar  document  in  compliance  with  the  1933  Act,  and  such registration
statement  or  document  becoming  effective.

               (v)  The  term  "Registrable  Securities"  means  (i) the Warrant
Shares,  and (ii) any Common Stock issued as (or issuable upon the conversion or
exercise  of any warrant, right or other security which is issued as) a dividend
or  other distribution with respect to, or in exchange for or in replacement of,
the  Warrant  Shares; provided, however, that any such securities shall cease to
be  Registrable  Securities  when  (i)  one or more registration statements with
respect  to  the  sale  of such securities shall have become effective under the
1933  Act and all such securities shall have been disposed of in accordance with
the plan of distribution set forth therein; (ii) such securities shall have been
disposed  of  in accordance with SEC Rule 144 promulgated under the 1933 Act, or
any  successor  rule  or regulation thereto, or any statute hereafter adopted to
replace  or  to  establish  the  exemption  that is now covered by said Rule 144
("Rule  144");  (iii)  such  securities may be sold by a Holder in a transaction
pursuant  to the provisions of Rule 144 provided that such rule shall be at such
time available for the sale of all such securities which the Holder at such time
desires  to sell; or (iv) such securities may otherwise be sold to the public in
a  transaction  not  requiring  registration  under  the  1933  Act.

               (vi)  The  term  "Registration  Expenses" means all registration,
qualification and filing fees, printing expenses, escrow fees and blue sky fees,
fees  and  disbursements  of  counsel  for  the  Company  and  of  the Company's
independent  certified  public accountants, in each case incident to or required
by  the  registration under this Warrant, and any other fees and expenses of the
registration under this Warrant which are not Selling Expenses.

               (vii)  The  term  "Selling  Expenses"  means  all  underwriting
discounts,  selling  commissions  and  stock  transfer  taxes  applicable to the
securities  registered  by the Holders and all fees and disbursements of counsel
for  any  Holder.

               (viii)     All  other capitalized terms used in this Section that
are  not  defined herein shall have the meaning otherwise given in this Warrant.

     (b)     Reserved.
             ---------

     (c)     Piggyback  Registration  Rights.
             -------------------------------

               (i)  If,  at  any  time  or  from time to time, the Company shall
determine to register any shares of its Common Stock, either for its own account
or  for  the  account  of  a  security  holder  or  holders,  other  than  (A) a
registration  relating solely to stock option or employee benefit plans or (B) a
registration relating solely to a transaction covered by Rule 145 under the 1933
Act,  the Company will (X) promptly give the Holders written notice thereof, and
(Y)  include  in such registration (and any related qualification under blue sky
or  other  state securities laws), and in any underwriting involved therein, all
of the Registrable Securities specified in a written request or requests made by
a Holder or Holders within twenty (20) days after receipt of such written notice
from  the  Company.

               (ii)  If  the  registration  of which the Company gives notice is
for a registered public offering involving an underwriting, the Company shall so
advise  the  Holder  as  part  of  the  written notice given pursuant to Section
10(c)(i).  In  such  event, the right of each Holder to registration pursuant to
this Section 10(c) shall be conditioned upon such Holder's participation in such
underwriting  and  the  inclusion  of  the  Registrable Securities owned by such
Holder in the underwriting to the extent provided under this Section 10(c). If a
Holder  proposes  to  distribute  its  Registrable  Securities  through  such
underwriting  it  shall  (together  with  the  Company  and any other holders of
securities  of  the  Company  distributing  their  securities  through  such
underwriting)  enter  into  an  underwriting agreement with the managing or lead
managing  underwriter  selected  by  the Company in the form customarily used by
such  underwriter  with such changes thereto as the parties thereto shall agree.
Notwithstanding  any  other  provision of this Section 10(c), if the managing or
lead  managing  underwriter

                                        7
<PAGE>
determines that market factors require that the number of Registrable Securities
and  other  securities  requested to be included in the registration be limited,
the  managing  or lead managing underwriter may reduce the number of Registrable
Securities  and  securities of any other holders of securities to be included in
the  registration.  If  the  registration  includes  an  underwritten  primary
registration  on  behalf  of the Company, the reduction shall be taken (i) first
from  and  to  the extent of the securities requested to be included in the such
registration  by  the  Holders  and the holders of any other securities pro rata
                                                                        --- ----
according  to the number of securities requested by the Holders and such holders
to  be  included in the registration, and (ii) thereafter from the securities to
be  registered  on  behalf of the Company.  If the registration consists only of
any  underwritten  secondary  registration on behalf of holders of securities of
the  Company,  the  reduction shall be taken (i) first from and to the extent of
the  securities requested to be included in the such registration by the Holders
and  any  other  holders  of  securities included in the registration other than
pursuant  to  demand  registration  rights  pro  rata according to the number of
                                            ---  ----
securities requested by the Holders and such other holders to be included in the
registration  and  (ii)  thereafter from securities, if any, to be registered on
behalf  of holders of securities included in the registration pursuant to demand
registration  rights.  The  Company  shall  advise any Holders and other holders
participating  in  such underwriting as to any such limitation and the number of
shares  that  may be included in the registration and underwriting.  If a Holder
disapproves of the terms of such underwriting, such Holder may elect to withdraw
therefrom by written notice to the Company and the managing or lead underwriter.
Any Registrable Securities excluded or withdrawn from such underwriting shall be
withdrawn  from  the  registration.

               (iii)     The  Company  may  withdraw  a  registration  for which
registration  rights  have  been exercised pursuant to this Section 10(c) at any
time  prior  to  the  time  it  becomes  effective.

          (d)     Expenses  of Registration.  All Registration Expenses incurred
                  -------------------------
in  connection with a registration pursuant to this Section 10 shall be borne by
the  Company.  All  Selling  Expenses  relating  to  the  Registrable Securities
registered on behalf of a Holder shall be borne by such Holder.

          (e)     Registration  Procedures.
                  ------------------------

               (i)     In  connection  with  the  registration  of  Registrable
Securities pursuant to this Section 10, the Company shall as expeditiously as is
reasonable:

                    (A)     prepare  and  file  with  the SEC on any appropriate
form  a  registration  statement with respect to such Registrable Securities and
use  its  best efforts to cause such registration statement to become effective;

                    (B)     prepare  and  file  with  the  SEC  such  amendments
(including  post-effective  amendments)  and  supplements  to  such registration
statement and the prospectus used in connection therewith as may be necessary to
keep  such registration statement effective and to comply with the provisions of
the  1933  Act with respect to the disposition of all Registrable Securities and
other  securities  covered  by  such  registration statement until the Holder or
Holders  have  completed  the  distribution  described  in  such  registration
statement;

                    (C)     furnish  to  each  seller  of  such  Registrable
Securities such number of conformed copies of such registration statement and of
each  such amendment and supplement thereto (at least one of which shall include
all  exhibits),  such  number  of  copies  of  the  prospectus  included in such
registration  statement  (including  each preliminary prospectus and any summary
prospectus), in conformity with the requirements of the 1933 Act, such documents
incorporated by reference in such registration statement or prospectus, and such
other  documents,  as  such seller may reasonably request in order to facilitate
the  sale  or  disposition  of  such  Registrable  Securities;

                    (D)     use  its  best  efforts  to  register or qualify all
Registrable  Securities  and  other  securities  covered  by  such  registration
statement  under  such other securities or "blue sky" laws of such jurisdictions
as  the  underwriter shall reasonably request, and do any and all other acts and
things  as  may  be  reasonably  necessary to consummate the disposition in such
jurisdictions  of  the  Registrable  Securities  covered  by  such  registration
statement, except that the Company shall not for any such purpose be required to
qualify  generally  to  do business as a foreign corporation in any jurisdiction
wherein  it  is  not  so  qualified,  or  to  subject

                                        8
<PAGE>
itself  to taxation in respect of doing business in any such jurisdiction, or to
consent  to  general  service  of  process  in  any  such  jurisdiction.

                    (E)     immediately  notify  each  seller  of  Registrable
Securities,  at  any  time  when a prospectus relating thereto is required to be
delivered under the 1933 Act, of the happening of any event as a result of which
the  prospectus  included  in  such  registration  statement, as then in effect,
includes  an  untrue statement of a material fact or omits to state any material
fact  required  to be stated therein or necessary to make the statements therein
not  misleading  in  the  light  of  the circumstances then existing or if it is
necessary, in the opinion of counsel to the Company, to amend or supplement such
prospectus to comply with law, and at the request of any such seller prepare and
furnish  to  any such seller a reasonable number of copies of a supplement to or
an  amendment  of  such  prospectus  as  may be necessary so that, as thereafter
delivered  to  the  purchasers  of  such Registrable Securities, such prospectus
shall  not  include  an  untrue  statement of a material fact or omit to state a
material  fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing and shall
otherwise  comply in all material respects with law and so that such prospectus,
as  amended  or  supplemented,  will  comply  with  law.

                    (F)     otherwise  use  its  best efforts to comply with all
applicable  rules and regulations of the SEC, and make available to its security
holders,  as  soon as reasonably practicable, an earnings statement covering the
period  of  at  least  twelve (12) months, beginning with the first month of the
first  fiscal  quarter  after the effective date of such registration statement,
which  earnings  statement  shall satisfy the provisions of Section 11(a) of the
1933  Act;

                    (G)     use its best efforts to list such securities on each
securities  exchange  or over-the-counter market on which shares of Common Stock
are  then  listed,  if  such  securities  are  not already so listed and if such
listing  is  then  permitted  under the rules of such exchange and, if shares of
Common  Stock  are not then listed on a securities exchange or over- the-counter
market,  to  use  is  best efforts to cause such securities to be listed on such
securities  exchange or over-the-counter market as the managing or lead managing
underwriter  shall  reasonably  request;

                    (H)     use its best efforts to provide a transfer agent and
registrar  for  such Registrable Securities not later than the effective date of
such  registration  statement;  and

                    (I)     issue  to  any  underwriter  to  which any holder of
Registrable  Securities  may sell such Registrable Securities in connection with
any  such  registration  (and  to  any direct or indirect transferee of any such
underwriter)  certificates evidencing shares of Common Stock without restrictive
legends.

               (ii)     If  requested  by  the  managing  or  lead  managing
underwriter for any underwritten offering of Registrable Securities on behalf of
a  Holder  or  Holders of Registrable Securities, the Company will enter into an
underwriting agreement with the underwriters of such offering, such agreement to
contain  such representations and warranties by the Company and each such Holder
and  such other terms and conditions as are contained in underwriting agreements
customarily used by such managing or lead managing underwriter with such changes
as  the  parties  thereto shall agree, including, without limitation, provisions
relating  to  indemnification  and  contribution  in  lieu  thereof.

               (iii)     The  Holder  or  Holders  of  Registrable  Securities
included  in  any  registration  shall  furnish  to the Company such information
regarding  such  Holder  or Holders, the Registrable Securities held by them and
the distribution proposed by such Holder or Holders as the Company may from time
to  time  reasonably  request  and as shall be reasonably required in connection
with  any  registration,  qualification  or  compliance  referred  to  in  this
Agreement.

               (iv)     The Holder or Holders of Registrable Securities included
in  any registration shall, upon request by the Company and the managing or lead
managing  underwriter,  execute  and  deliver custodian agreements and powers of
attorney  in  form and substance reasonably satisfactory to the Company and such
Holder  or  Holders  and  as  shall  be  reasonably  necessary to consummate the
offering.

          (f)     Indemnification.  (i)  The  Company will indemnify each Holder
                  ---------------
with respect to which a registration has been effected pursuant to this Warrant,
and  each  underwriter,  if  any,  and  each  person  who

                                        9
<PAGE>
controls  any  underwriter  within  the  meaning  of Section 15 of the 1933 Act,
against any and all losses, claims, damages, liabilities or expenses (or actions
in  respect  thereof),  including any of the foregoing incurred in settlement of
any  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  or  prospectus, or any amendment 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 the light of the
circumstances  in  which they were made, not misleading, or any violation by the
Company of the 1933 Act or any rule or regulation promulgated under the 1933 Act
applicable  to  the  Company  in  connection with any such registration, and the
Company  will  reimburse each such Holder, each such underwriter and each person
who  controls  any such underwriter, for any legal and other expenses reasonably
incurred,  as  such  expenses  are  incurred,  in connection with investigating,
preparing  or  defending  any  such  claims,  loss, damage, liability or action;
provided,  however,  that the Company will not be liable in any such case to the
extent  that any such claim, loss, damage, liability or expense 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 or
underwriter  and  stated  to  be  specifically  for  use  therein.

               (ii)     Each Holder will, if Registrable Securities held by such
Holder  are  included  in  the securities as to which such registration is being
effected,  indemnify  the  Company,  each  of  its  directors and officers, each
underwriter,  if any, of the Company's securities covered by such a registration
statement,  each  person who controls the Company or such underwriter within the
meaning  of  Section 15 of the 1933 Act and each other such holder of securities
included  in  the  registration  against  any  and  all losses, claims, damages,
liabilities  and  expenses  (or  actions  in respect thereof), arising out of or
based  on  any untrue statement (or alleged untrue statement) of a material fact
contained  in any such registration statement or prospectus, or any omission (or
alleged omission) to state therein a material fact required to be stated therein
or  necessary  to  make the statement therein, in the light of the circumstances
under which they were made, not misleading, and will reimburse the Company, such
holders,  underwriters  or  control  persons for any legal or any other expenses
reasonably  incurred,  as  such  expenses  are  incurred,  in  connection  with
investigating or defending any such claim, loss, damage, liability or action, in
each  case to the extent, but only to the extent, that such untrue statement (or
alleged  untrue  statement)  or  omission  (or alleged omission) is made in such
registration  statement  or  prospectus  in reliance upon and in conformity with
written information furnished to the Company by such Holder. Notwithstanding the
foregoing,  the  liability  of  each  Holder  under  this Section 10(f) shall be
limited  to  an  amount  equal to the aggregate proceeds received by such Holder
from  the sale of Registrable Securities hereunder, unless such liability arises
out  of  or  is  based  on  willful  conduct  by  such  Holder.

          (iii)     Each party entitled to indemnification under this Section 10
(the  "Indemnified  Party")  shall  give notice to the party required to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, and shall
permit  the  Indemnifying  Party to assume the defense of any such claims or any
litigation  resulting  therefrom;  provided,  however,  that  counsel  for  the
Indemnifying  Party,  who shall conduct the defense of such claim or litigation,
shall  be  approved  by  the  Indemnified  Party  (which  approval  shall not be
unreasonably  withheld),  and  the  Indemnified  Party  may  participate in such
defense at such Indemnified Party's expense; provided, however, that the failure
of any Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Agreement unless the failure to
give such notice is materially prejudicial to an Indemnifying Party's ability to
defend  such action. Notwithstanding the foregoing, the Indemnifying Party shall
not  be  entitled to assume the defense for matters as to which there is, in the
opinion of counsel to the Indemnifying Party, a conflict of interest or separate
and  different defenses. No Indemnifying Party, in the defense of any such claim
or litigation, shall, except with the consent of each Indemnified Party, consent
to  entry of any judgment or enter into any settlement which does not include as
an  unconditional  term  thereof the giving by the claimant or plaintiff to such
Indemnified  Party  of  a release from all liability in respect of such claim or
litigation.  Each  Indemnified  Party  shall  furnish such information regarding
itself  or  the  claim  in  question  as  an

                                       10
<PAGE>
Indemnifying  Party may reasonably request in writing and as shall be reasonably
required  in  connection  with  the  defense  of  such  claim and the litigation
resulting  therefrom.

          (g)     Contribution.
                  ------------

               (i)     If  the  indemnification  provided  for  in Section 10(f)
hereof  is  unavailable  to  the  Indemnified  Parties in respect of any losses,
claims,  damages,  liabilities  or  expenses  (or  actions  in  respect thereof)
referred  to therein, then each Indemnifying Party, in lieu of indemnifying such
Indemnified  Party,  shall  contribute  to  the  amount  paid or payable by such
Indemnified  Party  as  a result of such losses, claims, damages, liabilities or
expenses (or actions in respect thereof) in such proportion as is appropriate to
reflect  the  relative  fault  of the Indemnifying Party on the one hand and the
Indemnified  Party  on  the  other  in connection with the statement or omission
which  resulted  in  such  losses,  claims, damages, liabilities or expenses (or
actions  in  respect  thereof),  as  well  as  any  other  relevant  equitable
considerations.  The  relative  fault shall be determined by reference to, among
other  things,  whether the untrue statement (or alleged untrue statement), of a
material  fact  or  the  omission (or alleged omission) to state a material fact
relates  to  information  supplied  by the Indemnifying Party or the Indemnified
Party  and  the  parties'  relative intent, knowledge, access to information and
opportunity  to  correct  or prevent such statement or omission. The Company and
each  Holder  agree  that  it  would  not  be just and equitable if contribution
pursuant  to this Section 10(g) were determined by pro rata allocation or by any
other  method  of  allocation  which  does  not  take  account  of the equitable
considerations  referred  to above. The amount paid or payable by an Indemnified
Party  as  a  result of the losses, claims, damages, liabilities or expenses (or
actions in respect thereof) referred to above in this Section shall be deemed to
include  any  legal  or  other  expenses reasonably incurred by such Indemnified
Party  in  connection  with investigating or defending any such action or claim.

               (ii)     Notwithstanding  anything  to  the  contrary  contained
herein,  the  obligation  of  each Holder to contribute pursuant to this Section
10(g)  is  several  and  not  joint  and  no selling Holder shall be required to
contribute  any amount in excess of the amount by which the total price at which
the Registrable Securities of such Holder were offered to the public exceeds the
amount  of  any damages which such selling Holder has otherwise been required to
pay by reason of such untrue statement (or alleged untrue statement) or omission
(or  alleged  omission).

               (iii)     No  person  guilty  of  fraudulent  misrepresentation
(within  the  meaning  of  Section  11(f)  of the 1933 Act) shall be entitled to
contribution  from  any  person  who  was  not  guilty  of  such  fraudulent
misrepresentation.

          (h)     1934  Act  Registration.     The  Company covenants and agrees
                  -----------------------
that  upon  the  Company  becoming a Public Corporation, if ever, and until such
time as there shall be no Registrable Securities outstanding :

               (i)     it  will,  if  required  by  law,  maintain  an effective
registration  statement  (containing  such  information and documents as the SEC
shall  specify) with respect to the Common Stock under Section 12(g) of the 1934
Act  and will file in a timely manner such information, documents and reports as
the  SEC  may require or prescribe for companies whose stock has been registered
pursuant  to  said  Section  12(g);

               (ii)     it will, if a registration statement with respect to the
Common  Stock under Section 12(b) or Section 12(g) of the 1934 Act is effective,
make  whatever filings with the SEC or otherwise make generally available to the
public  such  financial  and  other  information as may be necessary in order to
enable  the Holders to sell shares of Common Stock pursuant to the provisions of
Rule  144;

               (iii)     it will, if no longer required to file reports pursuant
to  Section  12  (g) of the 1934 Act, upon the request of the Registered Holder,
make publicly available the information specified in subparagraph (c)(2) of Rule
144, and will take such further action as any Holder may reasonably request, all
to  the  extent  required  from  time  to  time  to  enable  such Holder to sell
Registrable  Securities  without  registration  under  the  1933  Act within the
limitation  of  the  exemptions  provided  by  Rule  144  or any similar rule or
regulation  hereafter  adopted  by  the  SEC;  and

                                       11
<PAGE>
               (iv)     upon  the request of any Holder, it will deliver to such
Holder  a  written statement as to whether it has complied with the requirements
of  this  Section  10(h).

     The Company represents and warrants that such registration statement or any
information,  documents  or report filed with the SEC in connection therewith or
any  information  so  made  public  shall  not contain any untrue statement of a
material  fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements contained therein not misleading.  The
Company  agrees to indemnify and hold harmless (or to the extent the same is not
enforceable,  make  contribution  to)  the  Holders,  their  partners,  advisory
committee  members,  officers,  directors and employees acting for any Holder in
connection with any offering or sale by such Holder of Registrable Securities or
any  person,  firm  or  corporation  controlling  (within  the meaning of either
Section  15  of the 1933 Act or Section 20 of the 1934 Act) such Holder from and
against any and all losses, claims, damages, liabilities or expenses (or actions
in respect thereof) arising out of or resulting from any breach of the foregoing
representation  or warranty, all on terms and conditions comparable to those set
forth  in  Section  10(f);  provided,  however,  that the Company shall be given
written  notice  and an opportunity to assume on terms and conditions comparable
to those set forth in Section 10(f) the defense thereof.

          SECTION 11.     NOTICES.  All  notices,  requests,  demands  and other
communications  relating to this Warrant shall be in writing and shall be deemed
to  have  been  duly  given  if  delivered  personally  or sent by United States
certified  or  registered  first-class  mail,  postage  prepaid,  return receipt
requested,  to  the  parties  hereto at the following addresses or at such other
address as any party hereto shall hereafter specify by notice to the other party
hereto:

          (a)     If  to  the Registered Holder of this Warrant or the holder of
the Warrant Shares, addressed to the address of such Registered Holder or holder
as  set  forth  on books of the Company or otherwise furnished by the Registered
Holder  or  holder  to  the  Company.

          (b)     If to the Company, addressed to:

               Petrosearch Energy Corporation
               675 Bering Drive, Suite 200
               Houston, Texas  77056
               Attn:  President

          SECTION 12.     BINDING  EFFECT.  This  Warrant  shall be binding upon
and  inure  to the sole and exclusive benefit of the Company, its successors and
assigns,  and  the  holder  or holders from time to time of this Warrant and the
Warrant  Shares.

          SECTION 13.     SURVIVAL  OF  RIGHTS  AND DUTIES.  This  Warrant shall
terminate and be of no further force and effect on the earlier of (i) 5:00 p.m.,
Texas  time,  on the Expiration Date and (ii) the date on which this Warrant and
all  purchase  rights  evidenced  hereby  have  been  exercised, except that the
provisions  of  Sections  4, 6(c), 10 and 11 hereof shall continue in full force
and  effect  after  such  termination  date.

          SECTION 14.     GOVERNING  LAW.  This  Warrant  shall  be construed in
accordance with and governed by the laws of the State of Nevada.

          SECTION 15.     SECTION  HEADINGS.  The  Section  headings  in  this
Warrant  are  for  purposes  of convenience only and shall not constitute a part
hereof.

          IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
under  its  corporate  seal  by its officers thereunto duly authorized as of the
date  hereof.

                   [SIGNATURES APPEAR ON THE FOLLOWING PAGE.]

                                       12
<PAGE>
                                    PETROSEARCH  ENERGY  CORPORATION

                                    By:  ______________________________________
                                         Richard D. Dole, President and CEO

                                    By:  ______________________________________
                                         David Collins, Vice President and CFO

                                       13
<PAGE>
                          FORM OF ELECTION TO PURCHASE

                 (To Be Executed Upon Exercise of this Warrant)

To Petrosearch Energy Corporation:

          The  undersigned,  the  record  holder  of  this  Warrant (Warrant No.
_____),  hereby  irrevocably  elects  to exercise the right, represented by this
Warrant,  to  purchase ___________ of the Warrant Shares and herewith and hereby
tenders  payment  for  such  Warrant  Shares  to the order of Petrosearch Energy
Corporation  of  $_________ representing the full purchase price for such shares
at  the  price  per  share  provided for in such Warrant and the delivery of any
applicable taxes payable by the undersigned pursuant to such Warrant.

          The  undersigned  requests that certificates for such shares be issued
in  the  name  of:

_______________________________

_______________________________
_______________________________
_______________________________     __________________________________
(Please print name and address)     Social Security or Tax Identification No.

          In  the  event  that not all of the purchase rights represented by the
Warrant  are  exercised,  a new Warrant, substantially identical to the attached
Warrant,  representing  the  rights formerly represented by the attached Warrant
which  have not been exercised, shall be issued in the name of and delivered to:

_______________________________
_______________________________
_______________________________     __________________________________
(Please print name and address)     Social Security or Tax Identification No.

Dated: ________________             Name of Holder (Print):

                                    By: __________________________________
                                    (Name): ______________________________
                                    (Title): _____________________________

                                       14
<PAGE>
                               FORM OF ASSIGNMENT

          FOR  VALUE  RECEIVED,  ________________  hereby  sells,  assigns  and
transfers  to each assignee set forth below all of the rights of the undersigned
under  the  attached  Warrant  (Warrant  No.  ___) with respect to the number of
shares  of  Common  Stock  covered  thereby  set forth opposite the name of such
assignee  unto:

Name of Assignee                   Address                 Number of Shares of
----------------                   -------                   Of Common Stock
                                                             ---------------

          If  the total of said purchase rights represented by the Warrant shall
not  be  assigned,  the  undersigned  requests  that  a  new Warrant Certificate
evidencing  the  purchase  rights  not  so assigned be issued in the name of and
delivered  to  the  undersigned.

Dated: __________________       Name of Holder (Print): ________________________

                                ________________________________
                                  (Signature  of  Holder)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]