Document:

[FORM OF]

                             SUBSCRIPTION AGREEMENT

                         PETROSEARCH ENERGY CORPORATION

February ___, 2006

Petrosearch Energy Corporation
675 Bering Drive, Suite 200
Houston, Texas 77057

     The  undersigned,  ________________________________  (the  "SUBSCRIBER"),
understands  that  Petrosearch  Energy  Corporation,  a  Nevada Corporation (the
"COMPANY"),  is  offering  for  sale  shares  of the Company's common stock (the
"COMMON  STOCK") at a purchase price of $1.40 per share and warrants to purchase
shares  of  Common  Stock  exercisable  at  a  price  of  $2.00  per  share (the
"WARRANTS").  A  copy  of  the  form  of Warrant Agreement is attached hereto as
Exhibit  A. The Subscriber acknowledges and understands that the offering of the
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Common  Stock  and  the  Warrants  (the  "OFFERING")  is  being  made  without
registration  of  the  Common  Stock or the Warrants under the Securities Act of
1933, as amended (the "ACT"), or any securities "blue sky" or other similar laws
of  any  state  ("STATE  SECURITIES LAWS"). The shares of Common Stock are being
offered  by  the  Company  through  Arabella  Securities,  LLC  as the Company's
placement  agent  (the  "PLACEMENT  AGENT").

     1.  SUBSCRIPTION.  Subject to the terms and conditions of this Subscription
Agreement  (the  "SUBSCRIPTION AGREEMENT"), the Subscriber hereby subscribes for
and  agrees  to  purchase  _____________________  shares  of  Common  Stock  and
____________ Warrants for the aggregate purchase price of $_____________________
upon  acceptance  of  this  Subscription  Agreement.

     2.  PAYMENT  FOR  THE  COMMON  STOCK AND WARRANTS. The undersigned encloses
herewith  $_________________  required  to  purchase  the  Common  Stock and the
Warrants  subscribed  for hereunder. If this subscription is not accepted by the
Company for any reason, all documents and the purchase price will be returned to
the  Subscriber.

     3.  ACCEPTANCE  OF  SUBSCRIPTION. The subscription for the shares of Common
Stock  and  the  Warrants  shall  be  deemed  to  be  accepted  only  when  this
Subscription Agreement has been signed by an authorized executive officer of the
Company,  on  behalf  of  the  Company.

     4. PLACEMENT AGENT FEES. In consideration of the Placement Agent's services
rendered  to the Company as its placement agent in connection with the Offering,
the Company will pay the Placement Agent a fee equal to five percent (5%) of the
gross proceeds received by the Company in connection with the sale of the Common
Stock  in  the  Offering.  The  Placement  Agent  will  also receive warrants to
purchase  up  to five percent (5%) of the total number of shares of Common Stock
issued  in  the Offering at an exercise price of $2.00 per share. The Subscriber
understands  that  the  Company  will  also pay up to $5,000.00 of the Placement
Agent's legal expenses in connection with the Offering as previously agreed upon
by  the  Company  and  the  Placement  Agent.

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     5.  REPRESENTATIONS AND WARRANTIES OF THE SUBSCRIBER. The Subscriber hereby
represents and warrants to and covenants with the Company as follows:

          (a)  General.

          (i)  The  Subscriber  has  all  requisite authority to enter into this
     Subscription  Agreement  and  to perform all the obligations required to be
     performed  by  the  Subscriber  hereunder.

          (ii) The Subscriber is the sole party in interest and is not acquiring
     the  Common  Stock  or  the Warrants as an agent or otherwise for any other
     person.  The  Subscriber  is a resident of the state set forth opposite its
     name  on  the  signature page hereto and (a) if a corporation, partnership,
     trust  or  other form of business organization, it has its principal office
     within such state; (b) if an individual, he or she has his or her principal
     residence  in  such  state; and (c) if a corporation, partnership, trust or
     other  form  of  business organization which was organized for the specific
     purpose  or  acquiring  the  Common  Stock  and  the  Warrants,  all of the
     beneficial  owners  are  residents  of  such  state.

          (iii)  The  Subscriber  recognizes  that  the  total  amount  of funds
     tendered  to  purchase  the  Common Stock and the Warrants is placed at the
     risk of the business and may be completely lost. The purchase of the Common
     Stock  and  the  Warrants  as  an  investment  involves  extreme  risk.

          (iv)  The  Subscriber  realizes  that neither the Common Stock nor the
     Warrants can readily be sold as the shares of Common Stock and the Warrants
     (as  well  as  the  shares  of  Common  Stock  underlying the Warrants) are
     restricted  securities,  that  it may not be possible to sell or dispose of
     the  Common  Stock  or  the Warrants and therefore the Common Stock and the
     Warrants  must  not  be  purchased  unless the Subscriber has liquid assets
     sufficient  to  assure  that  such  purchase  will cause no undue financial
     difficulties and the Subscriber can provide for [his/its] current needs and
     personal  contingencies.

          (v) The Subscriber confirms and represents that [he/it] is able (a) to
     bear  the economic risk of [his/its] investment, (b) to hold the securities
     for  an  indefinite  period  of  time, and (c) to afford a complete loss of
     [his/its]  investment.  The Subscriber also represents that [he/it] has (x)
     adequate  means  of  providing  for  [his/its]  current  needs and personal
     contingencies,  and  (y)  has  no  need  for  liquidity  in this particular
     investment.

          (vi)  The  Subscriber  has  not become aware of the offering of Common
     Stock  and the Warrants by any form of general solicitation or advertising,
     including,  but  not  limited to advertisements, articles, notices or other
     communications  published in any newspaper, magazine or other similar media
     or broadcast over television or radio or any seminar or meeting where those
     individuals  that  have  attended  have been invited by any such or similar
     means  of  general  solicitation  or  advertising.

          (b)   Information  Concerning  the  Company.

          (i)  The Subscriber acknowledges that [he/it] has received all current
     information  about  the  Company  including  the  Company's  (A)  Form SB-2
     Registration  Statement  filed

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     with  the  Commission which became effective on September 7, 2005, (B) Form
     10-QSB  for  the  Company's  quarter  ended December 31, 2005; and (C) Form
     8-K's  of  the Company filed on October 4, 2005, November 2, 2005, November
     17,  2005,  November  30,  2005,  December  12,  2005, January 18, 2006 and
     February  3,  2006  (the  "FILED  DOCUMENTS").

          (ii)  The  Subscriber or [his/its] representative is familiar with the
     business  and  financial condition, properties, operations and prospects of
     the  Company,  and,  at  a  reasonable  time prior to the execution of this
     Subscription Agreement, that [he/it] and [his/its] representative have been
     afforded  the  opportunity  to  ask  questions  of and receive satisfactory
     answers  from the Company's officers and directors, or other persons acting
     on  the  Company's behalf, concerning the business and financial condition,
     properties,  operations  and  prospects  of  the Company and concerning the
     terms  and  conditions  of  the  Offering  and  has asked such questions as
     [he/it]  or  [his/its] representative desires to ask and all such questions
     have  been  answered  to  the  full  satisfaction  of  the  Subscriber.

          (iii)  The  Subscriber has been furnished, has carefully read, and has
     relied  solely  (except for information obtained pursuant to (iv) below) on
     the  information  contained  in the Filed Documents, and Subscriber has not
     received  any  other  offering  literature  or prospectus, and no verbal or
     written  representations  or warranties have been made to Subscriber by the
     Company,  or its employees or agents, other than the representations of the
     Company  set  forth  herein  and  in  the  Filed  Documents.

          (iv) The Subscriber has had an unrestricted opportunity to: (i) obtain
     additional  information  concerning  the Offering, the Common Stock and the
     Warrants, the Company and any other matters relating directly or indirectly
     to Subscriber's purchase of the Common Stock and the Warrants; and (ii) ask
     questions of, and receive answers from the Company concerning the terms and
     conditions of the Offering and to obtain such additional information as may
     have  been necessary to verify the accuracy of the information contained in
     the  Filed  Documents.

          (v)  The  Subscriber  understands that, unless the Subscriber notifies
     the  Company  in  writing  to  the  contrary,  all  the representations and
     warranties  contained in this Subscription Agreement will be deemed to have
     been reaffirmed and confirmed, taking into account all information received
     by  the  Subscriber.

          (vi)  The Subscriber understands that the purchase of the Common Stock
     and  the  Warrants  involves  various risks, including, but not limited to,
     those  outlined  in  this  Subscription  Agreement.

          (vii)  The  Subscriber  acknowledges  that  no  representations  or
     warranties  have  been  made to the Subscriber by the Company as to the tax
     consequences  of  this  investment,  or  as to profits, losses or cash flow
     which  may  be  received  or  sustained  as  a  result  of this investment.

          (viii)  All  documents,  records  and  books  pertaining to a proposed
     investment  in  the  Common  Stock and the Warrants which the Subscriber or
     [his/its]  representative  has  requested  have  been made available to the
     Subscriber.

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          (ix)  The  Subscriber  or  [his/its]  representative has been provided
     access  to  all  information  requested  in  evaluating the purchase of the
     Common  Stock  and  the  Warrants.

          (c)  Status of the Subscriber.

          (i)  The  Subscriber  represents  that the Subscriber is an Accredited
     Investor  as that term is defined in the Act as that term is defined in the
     Act (check each category of "Accredited Investor" below which is applicable
     to  the  Subscriber):

               (  )  (A)  a  natural person whose individual net worth, or joint
          net  worth  with  that  person's  spouse,  at the time of his purchase
          exceeds  $1,000,000;

               (  )  (B) a natural person who had an individual income in excess
          of  $200,000 in each of the two most recent years or joint income with
          that  person's spouse in excess of $300,000 in each of those years and
          has  a reasonable expectation of reaching the same income level in the
          current  year;

               (  )  (C)  The  undersigned  is  a  corporation,  partnership  or
          non-profit organization within the meaning of Section 501(c)(3) of the
          Internal  Revenue  Code,  in  each  case  not  formed for the specific
          purpose  of  acquiring  the securities offered by the Company and with
          total  assets  in  excess  of  $5,000,000;  or

               (  )  (D) The undersigned is an entity in which all of the equity
          owners  are  accredited  investors.

          (ii)  The  Subscriber  agrees  to  furnish  any additional information
     requested to assure compliance with applicable Federal and State Securities
     Laws  in  connection with the purchase and sale of the Common Stock and the
     Warrants.

          (d)  Restrictions  on  Transfer  or  Sale  of the Common Stock and the
     Warrants.

          (i)  The  Subscriber  is  acquiring  the Common Stock and the Warrants
     subscribed  for  solely  for  the  Subscriber's own beneficial account, for
     investment  purposes,  and  not  with  view to, or for resale in connection
     with,  any distribution of the Common Stock or the Warrants. The Subscriber
     understands  that the offer and the sale of the Common Stock, the Warrants,
     and  the  shares  of  Common  Stock  underlying  the Warrants have not been
     registered under the Act or any State Securities Laws by reason of specific
     exemptions  under  the  provisions  thereof  which  depend in part upon the
     investment  intent  of the Subscriber and of the other representations made
     by  the  Subscriber  in  this  Subscription  Agreement.  The  Subscriber
     understands  that  the Company and the Placement Agent and their respective
     counsel  and  the  Company's  transfer  agent  are  relying  upon  the
     representations,  covenants  and  agreements contained in this Subscription
     Agreement  (and  any  supplemental  information)  for  the  purposes  of
     determining  whether  this  transaction  meets  the  requirements  for such
     exemptions.

          (ii)  The  Subscriber understands that the shares of Common Stock, the
     Warrants,  and  the  shares  of  Common  Stock  underlying the Warrants are
     "restricted  securities"  under

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<PAGE>
     applicable  federal  securities  laws and that the Act and the rules of the
     Securities  and Exchange Commission (the "COMMISSION") provide in substance
     that  the  Subscriber may dispose of the Common Stock and the Warrants only
     pursuant  to  an  effective  registration  statement  under  the  Act or an
     exemption  therefrom.  While  the  Company has agreed to grant "piggy-back"
     registration  rights to the Subscriber pursuant to Section 9 for the Common
                                                        ---------
     Stock  and  the  shares  of  Common  Stock  underlying  the  Warrants,  the
     Subscriber  acknowledges  that  the  Company  may  not  file a registration
     statement  with the Commission and that if filed, no representation is made
     as  to  when such registration statement would be declared effective by the
     Commission.  The  certificates  evidencing  the shares of Common Stock, the
     Warrants,  and  the  shares of Common Stock underlying the Warrants offered
     hereby  will  bear  a legend which clearly sets forth this restriction. The
     Subscriber  understands  that the Subscriber may not at any time demand the
     purchase  by  the Company of the Subscriber's Common Stock or the Warrants.

          (iii)  The  Subscriber  agrees: (A) that the Subscriber will not sell,
     assign,  pledge, give, transfer or otherwise dispose of the Common Stock or
     the  Warrants  or  any interest therein, or make any offer or attempt to do
     any of the foregoing, except pursuant to a registration of the Common Stock
     and  the Warrants under the Act and all applicable State Securities Laws or
     in  a  transaction  which is exempt from the registration provisions of the
     Act  and all applicable State Securities Laws; (B) that the Company and any
     transfer agent for the Common Stock shall not be required to give effect to
     any  purported  transfer  of any of the Common Stock or the Warrants except
     upon compliance with the foregoing restrictions; and (C) that a restrictive
     legend  will  be  placed on the certificates representing the Common Stock,
     the Warrants, and any shares of Common Stock issued pursuant to exercise of
     the  Warrants.

          (iv)  The  Subscriber  has  not  offered  or  sold  any portion of the
     subscribed for Common Stock or the Warrants and has no present intention of
     dividing  such  Common Stock or the Warrants with others or of reselling or
     otherwise  disposing  of  any  portion of such Common Stock or the Warrants
     either  currently or after the passage of a fixed or determinable period of
     time  or upon the occurrence or nonoccurrence of any predetermined event or
     circumstance.

     6.  REPRESENTATIONS  AND  WARRANTIES  OF  THE  COMPANY.  The Company hereby
represents  and  warrants  to  the  Subscriber  as  follows:

          (a)  Each  of  the  Company and its subsidiaries is duly incorporated,
     validly  existing  and  in  good  standing  under  the laws of its state of
     incorporation  or  formation,  and  is duly qualified to do business in all
     jurisdictions  in which the failure to be so qualified would materially and
     adversely  affect  the  business  or  financial  condition,  properties  or
     operations of the Company. Each of the Company and its subsidiaries has all
     requisite corporate power and authority (i) to own and lease the properties
     and  assets  it  currently  owns  and leases and it contemplates owning and
     leasing and (ii) to conduct its activities as such activities are currently
     conducted  and  as  currently  contemplated  to  be  conducted.

          (b)  The  Company  has  duly  authorized  the issuance and sale of the
     shares  of  Common  Stock  and  the Warrants and the shares of Common Stock
     underlying  the  Warrants  in

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     accordance  with  the  terms of this Subscription Agreement and the Warrant
     Agreement  by  all  requisite corporate action, and the execution, delivery
     and  performance  of  any  other  agreements  and  instruments  executed in
     connection  herewith  including  the  Warrant  Agreement. This Subscription
     Agreement  constitutes  a  valid  and  legally  binding  obligation  of the
     Company, enforceable in accordance with its terms, except (i) as limited by
     applicable  bankruptcy,  insolvency,  reorganization, moratorium, and other
     laws  of  general  application  affecting  enforcement of creditors' rights
     generally, (ii) as limited by laws relating to the availability of specific
     performance,  injunctive  relief, or other equitable remedies, and (iii) to
     the  extent  the indemnification provisions contained herein may be limited
     by  applicable  federal  or  state  securities  laws.

          (c)  The  shares  of  Common  Stock  and  the  shares  of Common Stock
     underlying  the  Warrants,  when issued and paid for in accordance with the
     terms  of  this  Subscription  Agreement  and  the  Warrant Agreement, will
     represent  validly authorized, duly issued and fully paid and nonassessable
     shares  of  Common  Stock of the Company, and the issuance thereof will not
     conflict  with  the  Articles of Incorporation or Bylaws of the Company and
     will  be  in compliance in all material respects with all federal and state
     securities  laws  applicable  to  such  issuance  and  sale.

          (d)  The execution and delivery of this Subscription Agreement and the
     Warrant  Agreement,  the  fulfillment  of  the  terms  set forth herein and
     therein  and  the  consummation of the transactions contemplated hereby and
     thereby will not conflict with, or constitute a breach of or default under,
     any agreement, indenture or instrument by which the Company is bound or any
     law,  administrative  rule,  regulation  or  decree  of  any  court  or any
     governmental  body  or  administrative  agency  applicable  to the Company.

          (e)  The  Filed Documents that have been filed with the Commission, at
     the  time  they  were  filed  with the Commission, complied in all material
     respects  with the requirements of the Exchange Act, and, at the time filed
     with  the Commission and as of the date hereof, when read together and with
     the  other  information  in  the  Filed Documents, do not contain an 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 therein, in
     the  light of the circumstances under which they were made, not misleading.

     7.  SURVIVAL  AND  INDEMNIFICATION.  All  representations,  warranties  and
covenants  contained  in  this  Subscription  Agreement  and the indemnification
contained  in this Section7 shall survive (i) the acceptance of the Subscription
Agreement by the Company and (ii) the death or disability of the Subscriber. The
Subscriber hereby agrees to indemnify, defend and hold harmless the Company, and
its  officers,  directors,  employees,  agents and controlling persons, from and
against  any  and  all losses, claims, damages, liabilities, expenses (including
attorneys'  fees  and  disbursements), judgment or amounts paid in settlement of
actions  arising  out  of  or  resulting  from the untruth of any representation
herein or the breach of any warranty or covenant herein up to the amount of such
Subscriber's  investment.  Notwithstanding  the  foregoing,  however,  no
representation,  warranty,  covenant  or  acknowledgment  made  herein  by  the
Subscriber  shall  in  any manner be deemed to constitute a waiver of any rights
granted  to  it  under  the  Securities  or  State  Securities  laws.

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     8.  ADJUSTMENT  UPON  MORE  FAVORABLE  PLACEMENT. If at any time during the
period  from  the  execution of this Subscription Agreement until six (6) months
thereafter  the  Company shall issue shares of Common Stock (or rights, warrants
or  other  securities  convertible  into  or  exchangeable  for shares of Common
Stock),  other  than  issuances  pursuant to the Company's existing stock option
plan  at  a price per share (or having an exercise, conversion or exchange price
per  share)  less  than  $1.40,  then the purchase price of the shares of Common
Stock  purchased  under  this  Subscription  Agreement  shall  be  automatically
adjusted  to  the  lower  price  made  available  to  the  third party. Upon the
adjustment, such additional shares of Common Stock shall be issued to Subscriber
and  delivered  to  Subscriber  as  are necessary to make the purchase price per
share  paid  by  the  Subscriber  equal  the  lower  price.

     9.  PIGGYBACK REGISTRATION RIGHTS.

     The Company covenants and agrees as follows:

     (a)  Definitions. For purposes of this Section 9:
          -----------

               (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.

               (iii) 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.

               (iv) The term "Registrable Securities" means (i) the Common Stock
and the shares of Common Stock issuable upon the exercise of the Warrants issued
in  this  Offering,  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  Common  Stock or shares issuable upon the exercise of the
Warrants;  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.

               (v)  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

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to  or  required  by the registration under this Subscription Agreement, and any
other  fees  and  expenses of the registration under this Subscription Agreement
which  are  not  Selling  Expenses.

               (vi)  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.

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

          (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  9(c)(i).  In  such event, the right of each Holder to registration
     pursuant  to  this  Section  9(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 9(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 9(c), if the managing or lead managing underwriter 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

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     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 9(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 9 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 9, 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 itself to taxation in respect of
doing  business  in  any  such jurisdiction, or to consent to general service of
process  in  any  such  jurisdiction.

                                        9
<PAGE>
                    (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.

                                       10
<PAGE>
               (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)  Limitation  on Subsequent Registration Rights. From and after the
               ---------------------------------------------
     date  hereof,  the  Company shall not, without the prior written consent of
     the  Subscriber, enter into any agreement with any current or future holder
     of  any  securities  of the Company that would allow such current or future
     holder  to  require  the  Company to include securities in any registration
     statement  filed  by  the Company on a basis that is superior in any way to
     the  piggyback  rights  granted  to  Subscriber  hereunder.

          (g)  Indemnification.
               ---------------

          (i)  In  the  event  of  any  registration  of  shares of Common Stock
     pursuant  to  this  Section 9, the  Company  will,  to  the  maximum extent
                         ---------
     permitted  by  law,  indemnify  and  hold  harmless the Subscriber and each
     person,  if  any, who controls the Subscriber within the meaning of Section
     15 of the Act (collectively, the "INDEMNIFIED PARTIES") against any losses,
     claims,  damages,  or  liabilities,  joint or several, to which any of such
     Indemnified  Parties may become subject under the Act or otherwise, insofar
     as  such  losses,  claims,  damages  or  liabilities (or actions in respect
     thereof)  are caused by any untrue statement of any material fact contained
     in  the  registration  statement,  any prospectus contained therein, or any
     amendment  or  supplement  thereof,  or  arising  out  of or based upon the
     omission  to state therein a material fact required to be stated therein or
     necessary  to make the statements therein not misleading and will reimburse
     such  Indemnified  Parties  for any reasonable legal or other expenses they
     incur  in connection with investigating or defending against any such loss,
     claim,  damage,  liability  or  action; provided, however, that the Company
     will not be liable to the extent that any such loss, claim, damage, expense
     or  liability  arises  out  of,  or  is  based upon, an untrue statement or
     alleged  untrue  statement  or  omission  or  alleged  omission  so made in
     conformance  with  information  that  has been furnished in writing by such
     indemnified  party.  The  indemnification  provided  for  herein  shall  be
     applicable,  regardless  of  whether  any  such losses, claims, damages, or
     liabilities result solely or in part from the active, passive or concurrent
     negligence  or  strict  liability  of  the  indemnitee.

          (ii)  In  the  event  of  any  registration  of shares of Common Stock
     pursuant  to  this  Section 9, the  Subscriber  will, to the maximum extent
                         ---------
     permitted  by  law,  indemnify  and  hold harmless the Company, each of its
     directors,  each of its officers who has signed the registration statement,
     and  each  person,  if any, who controls the Company, within the meaning of
     the Act (collectively, the "INDEMNIFIED PERSONS"), against any loss, claim,
     damage or liability of which the Company or any such Indemnified Person may
     be  or  become  subject  under  the Act or otherwise, insofar as such loss,
     claim,  damage or liability (or action in respect thereof) is caused by any
     untrue  statement  of  any  material  fact  contained  in  the registration
     statement,  such  prospectus, or amendment or supplement thereof, or arises
     out  of  or  is  based  upon  the omission to state therein a material fact
     required  to  be stated therein or necessary to make the statements therein
     not  misleading,  or  arises  out  of  or  is  based  on any failure by the
     Subscriber  to  comply  with  the covenants or agreements contained in this

                                       11
<PAGE>
     Subscription  Agreement  with respect to the shares of Common Stock and the
     shares of Common Stock underlying the Warrants, in each case to the extent,
     but  only  to  the  extent,  that  such  untrue statement or alleged untrue
     statement  or  omission or alleged omission relates to the information that
     has  been  furnished  in writing by such Subscriber, and will reimburse the
     Company  and  each  such  officer,  director and controlling person for any
     reasonable  legal  or  other  expenses  they  incur  in  connection  with
     investigating  or defending against any such loss, claim, damage, liability
     or  action.  The  indemnification  provided for herein shall be applicable,
     regardless  of  whether  any  such  losses, claims, damages, or liabilities
     result  solely or in part from the active, passive or concurrent negligence
     or  strict  liability  of  the  indemnitee.

          (iii)  Promptly after receipt by an indemnified party of notice of the
     commencement of any action, such indemnified party will, if a claim thereof
     is  to  be made against the indemnifying party pursuant thereto, notify the
     indemnifying  party of the commencement thereof, but the omission to notify
     the  indemnifying party will not relieve it from any liability which it may
     have  to  any  indemnified  party  except  to  any  extent  to  which  the
     indemnifying  party  is actually prejudiced thereby. In case such action is
     brought  against  any  indemnified  party, and it notifies the indemnifying
     party  of the commencement thereof, the indemnifying party will be entitled
     to  participate  in,  and, to the extent that it may wish, jointly with any
     other  indemnifying  party,  similarly  notified,  to  assume  the  defense
     thereof, with counsel reasonably satisfactory to such indemnified party. An
     indemnified  party  shall  not be liable for any settlement of an action or
     claim effected without its written consent (which shall not be unreasonably
     withheld  or  delayed). An indemnifying party who is entitled to, or elects
     to,  assume  the  defense  of  a  claim  shall have the right to employ its
     counsel  in  such claim or action, unless in the reasonable judgment of any
     indemnified party a conflict of interest may exist between such indemnified
     party  and any other of such indemnified parties with respect to such claim
     that  makes the representation by such counsel inappropriate, in which case
     the  indemnifying  party shall select separate counsel for such indemnified
     party  reasonably  acceptable to such indemnified party; provided, however,
     that  the  indemnifying  party  will  not  be obligated to pay the fees and
     expenses  of  more than one counsel (other than local counsel as reasonably
     required)  for  all  parties  indemnified  by  such indemnifying party with
     respect  to  such  claim.

          (iv)  Notwithstanding  any  other  provision  of  this  Subscription
     Agreement,  the  liability  of  the  Subscriber  for  indemnification  or
     contribution  under  this Subscription Agreement shall not exceed an amount
     equal  to the number of shares of Common Stock sold by the Subscriber under
     the registration statement multiplied by the net amount per share of Common
     Stock  received  in  such  sale(s).  The  indemnification  and contribution
     provided  for  under this Subscription Agreement shall remain in full force
     and  effect  regardless  of  any  investigation made by or on behalf of the
     indemnified  party  or  any officer, director or controlling person of such
     indemnified  party  and  shall  survive  the  transfer  of  securities.

     10.  RECAPITALIZATION,  EXCHANGES,  ETC.  AFFECTING  THE  COMMON STOCK. The
provisions  of  this  Subscription Agreement, including, without limitation, the
registration  rights  provided  for  herein,  shall apply to the full extent set
forth  herein  with respect to any and all shares of Common Stock of the Company
or  any  successor  or  assign of the Company (whether by merger, consolidation,
sale  of assets or otherwise) which may be issued in respect of, in exchange for
or  in  substitution  of,

                                       12
<PAGE>
the  shares  of  Common  Stock  and  the  shares  of Common Stock underlying the
Warrants,  and  shall  be  appropriately  adjusted  for  combinations,
recapitalizations  and  the  like  occurring after the date of this Subscription
Agreement.

     11. NOTICES. All notices and other communications provided for herein shall
be  in  writing  and  shall  be  deemed  to  have  been  duly given if delivered
personally  or  sent  by registered or certified mail, return receipt requested,
postage  prepaid,  or  overnight  air  courier  guaranteeing  next day delivery:

     (a)  if to the Company, to it at the following address:

                    Petrosearch Energy Corporation.
                    675 Bering Drive, Suite 200
                    Houston, Texas 77057
                    Attn: President

     (b)  if to the Subscriber, at the address set forth on the last page hereof
          or  directly  to  the  Subscriber  at  the  address  set  forth on the
          signature  page hereto, or at such other address as either party shall
          have  specified  by  notice  in  writing  to  the  other.

     All  notice  and communications shall be deemed to have been duly given: at
     the  time  delivered by hand, if personally delivered; two days after being
     deposited  in  the mail, postage prepaid, if mailed; and the next day after
     timely  delivery  to  the  courier,  if  sent  by  overnight  air  courier
     guaranteeing  next  day  delivery.

     If  a notice or communication is mailed in the manner provided above within
     the  time  prescribed,  it  is  duly  given,  whether  or not the addressee
     receives  it.

     12.  ASSIGNABILITY.  This  Subscription  Agreement is not assignable by the
Subscriber,  and  may  not  be  modified,  waived  or  terminated  except  by an
instrument  in  writing  signed  by  each  of  the  parties  hereto.

     13.  BINDING EFFECT. Except as otherwise provided herein, this Subscription
Agreement  shall  be  binding  upon  and inure to the benefit of the parties and
their  heirs,  executors,  administrators, successors, legal representatives and
assigns,  and  the  agreements,  representations, warranties and acknowledgments
contained  herein  shall be deemed to be made by and be binding upon such heirs,
executors, administrators, successors, legal representatives and assigns. If the
Subscriber  is  more  than one person, the obligation of the Subscriber shall be
joint  and  several  and  the  agreements,  representations,  warranties  and
acknowledgments  contained  herein  shall be deemed to be made by and be binding
upon  each  such person and his heirs, executors, administrators and successors.

     14.  ENTIRE  AGREEMENT.  This Subscription Agreement constitutes the entire
agreement  of  the  Subscriber and the Company relating to the matters contained
herein,  superseding all prior contracts or agreements, whether oral or written.

     15.  GOVERNING  LAW.  This  Subscription  Agreement  shall  be governed and
controlled  as  to  the validity, enforcement, interpretations, construction and
effect  and  in all other aspects by the substantive laws of the State of Texas.
In  any  action  between  or  among  any  of  the  parties,  whether

                                       13
<PAGE>
arising  out  of  this  Agreement  or otherwise, each of the parties irrevocably
consents to the exclusive jurisdiction and venue of the federal and state courts
located  in  Harris  County,  Texas.

     16.  SEVERABILITY.  If  any provision of this Subscription Agreement or the
application  thereof  to any Subscriber or circumstance shall be held invalid or
unenforceable  to  any  extent, the remainder of this Subscription Agreement and
the  application of such provision to other subscriptions or circumstances shall
not  be  affected thereby and shall be enforced to the greatest extent permitted
by  law.

     17.  HEADINGS. The headings in this Subscription Agreement are inserted for
convenience and identification only and are not intended to describe, interpret,
define,  or  limit the scope, extent or intent of this Subscription Agreement or
any  provision  hereof.

     18.  COUNTERPARTS  AND  FACSIMILES.  This  Subscription  Agreement  may  be
executed  in  multiple  counterparts  and in any number of counterparts, each of
which  shall  be  deemed  an  original  but  all  of  which taken together shall
constitute  and  be  deemed  to be one and the same instrument and each of which
shall  be  considered  and  deemed  an original for all purposes. This Agreement
shall  be effective with the facsimile signature of any of the parties set forth
below  and  the facsimile signature shall be deemed as an original signature for
all  purposes and the Agreement shall be deemed as an original for all purposes.

                   [SIGNATURES APPEAR ON THE FOLLOWING PAGE.]

                                       14
<PAGE>
     IN  WITNESS  WHEREOF,  the  undersigned  Subscriber  has  executed  this
Subscription Agreement this _____ day of February, 2006.

                              --------------------------------------------
                              Signature of Investor

                              --------------------------------------------
                              Name (Please type or print)

                              Signature of Spouse or Co-Owner if funds are to be
                              invested  as  joint  tenants  by  the  entirety or
                              community  property.

                              --------------------------------------------
                              Name (Please type or print)

                              --------------------------------------------------
                                    Street Address

                              --------------------------------------------------
                                    City              State              Zip

================================================================================

     ACCEPTED by the Company this the _____ day of February, 2006.

PETROSEARCH ENERGY CORPORATION

By:
    -------------------------------------------
    Richard D. Dole
    President and Chief Executive Officer

                                       15[FORM OF]

THIS  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: February ___, 2006                     Warrant No.  __________

     This  certifies that, for value received, PETROSEARCH ENERGY CORPORATION, a
Nevada corporation (the "Company"), grants ________________, a Texas (individual
resident/corporation/LLC/LP)  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 February ___, 2006
(the  "Date of Issuance") and to and including 5:00 p.m., Texas time on February
___,  2009 (the "Expiration Date"), ____________________ (_____________) 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.

          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

<PAGE>
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.

          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.

                                        2
<PAGE>
          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 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:

                                        3
<PAGE>
               (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 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).

                                        4
<PAGE>
               (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);

               (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,

                                        5
<PAGE>
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,  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.

                                        6
<PAGE>
          (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.

               (iii)  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.

               (iv)  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

                                        7
<PAGE>
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.

               (v)  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.

               (vi)  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.

               (vii)     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 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

                                        8
<PAGE>
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

                                        9
<PAGE>
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 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.

                                       10
<PAGE>
               (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 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

                                       11
<PAGE>
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 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

                                       12
<PAGE>
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.

          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.

                                       13
<PAGE>
          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.

                             PETROSEARCH ENERGY CORPORATION

                             By:
                                ----------------------------------------
                                  Richard D. Dole, President and CEO

                             By:
                                ----------------------------------------
                                  David Collins, Vice President and CFO

<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):
                                               -----------------------------

<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-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]