Document:

EXHIBIT 4.3

THE WARRANTS  REPRESENTED BY THIS  CERTIFICATE AND THE SECURITIES  ISSUABLE UPON
EXERCISE OF THIS WARRANT HAVE NOT BEEN  REGISTERED  UNDER THE  SECURITIES ACT OF
1933, AS AMENDED.  THE  SECURITIES MAY NOT BE SOLD,  OFFERED FOR SALE,  PLEDGED,
HYPOTHECATED,   TRANSFERRED   OR  ASSIGNED  IN  THE  ABSENCE  OF  AN   EFFECTIVE
REGISTRATION  STATEMENT  FOR THE  SECURITIES  UNDER  SAID ACT,  OR AN OPINION OF
COUNSEL  REASONABLY  SATISFACTORY  TO  THE  COMPANY,  THAT  REGISTRATION  IS NOT
REQUIRED UNDER SAID ACT.

THIS  WARRANT  SHALL BE VOID AFTER 5:00 P.M.  EASTERN  TIME ON DECEMBER __, 2011
(THE "EXPIRATION DATE").

NO. __                                                   FACE AMOUNT: $_________

                             NEW ERA MARKETING, INC.

                   WARRANT TO PURCHASE SHARES OF COMMON STOCK

      For VALUE RECEIVED,  _________________  ("WARRANTHOLDER"),  is entitled to
purchase,  subject to the provisions of this warrant (the  "WARRANT"),  from NEW
ERA MARKETING, INC., a Nevada corporation (the "COMPANY"), at any time not later
than 5:00 P.M.,  Eastern time on the Expiration Date (as defined above),  shares
of common  stock of the Company (the  "SHARES").  The number of Shares for which
this Warrant is  exercisable  (the "WARRANT  SHARES") and the exercise  price of
such Warrant Shares (the "WARRANT PRICE") shall be determined in accordance with
this Warrant upon the price  determination  date (as  hereinafter  defined,  the
"PRICE   DETERMINATION   DATE").  For  purposes  of  this  Warrant,   the  Price
Determination Date shall be the earlier to occur of: (i) the consummation of the
next private  placement  offering  (the  "OFFERING"),  if any, of the  Company's
equity or equity-linked securities (the "OFFERING PRICE DATE"), or (ii) April 1,
2007 (the "VWAP PRICE DATE").

      The Warrant Price and number of Warrant Shares  purchasable  upon exercise
of this Warrant shall be subject to adjustment from time to time after the Price
Determination Date as described herein. This Warrant is being issued pursuant to
the exchange offer made to the holders of the warrants (the "FEARLESS WARRANTS")
originally  issued  by  Fearless  Yachts,  LLC  ("FEARLESS")   pursuant  to  the
Securities  Purchase  Agreement,  dated  as of April  26,  2006  (the  "PURCHASE
AGREEMENT"),  by and among Fearless,  the Purchaser Designee and such holders of
Fearless  Warrants  in  connection  with the  consummation  of the  Contribution
Agreement  dated as of December 8, 2006, by and among the Company,  Fearless and
the other signatories thereto (the "CONTRIBUTION AGREEMENT").  Capitalized terms
used  herein  have the  respective  meanings  ascribed  thereto in the  Purchase
Agreement unless otherwise defined herein.

      If the  applicable  Price  Determination  Date shall be the Offering Price
Date,  then  (i) the  number  of  Warrant  Shares  for  which  this  Warrant  is
exercisable  shall be  determined by dividing the Face Amount set forth above by
the dollar price paid for each Share (or, if  equity-linked  securities are sold
in the Offering,  then for each Share into which such securities are convertible
or  exercisable,  as the  case may be) by the  investors  in the  Offering  (the
"OFFERING PRICE") and multiplying such number by 1.5 and, (ii) the Warrant Price
for the Warrant Shares shall be determined by multiplying  the Offering Price by
0.75. If the applicable Price  Determination  Date shall be the VWAP Price Date,
then (i) the number of Warrant  Shares  for which  this  Warrant is  exercisable
shall be  determined  by dividing  the Face Amount set forth above by the volume
weighted average price of the Shares for the twenty (20) days preceding, but not
including,  April 1, 2007 (the "VWAP PRICE") and multiplying  such number by 1.5
and,  (ii) the  Warrant  Price for the Warrant  Shares  shall be  determined  by
multiplying the VWAP Price by 0.75.

      The Warrant may be exercised in whole or in part at any time and from time
to time until the Expiration  Date.  Immediately  after the Price  Determination
Date the Company shall advise the Warrantholder of the number of

<PAGE>

Warrant   Shares  and  Warrant   Price   applicable  to  this  Warrant  and  the
Warrantholder may submit this Warrant for a replacement  warrant  containing the
relevant Warrant Share and Warrant Price information.

      Section 1. REGISTRATION. The Company shall maintain books for the transfer
and registration of the Warrant.  Upon the initial issuance of this Warrant, the
Company shall issue and register the Warrant in the name of the Warrantholder.

      Section 2. TRANSFERS.  As provided herein, this Warrant may be transferred
only pursuant to a  registration  statement  filed under the  Securities  Act of
1933, as amended (the "SECURITIES ACT"), or an exemption from such registration.
Subject to such restrictions,  the Company shall transfer this Warrant from time
to time upon the books to be maintained  by the Company for that  purpose,  upon
surrender hereof for transfer,  properly  endorsed or accompanied by appropriate
instructions for transfer and such other documents as may be reasonably required
by the Company, including, if required by the Company, an opinion of its counsel
to the effect that such transfer is exempt from the registration requirements of
the Securities  Act, to establish that such transfer is being made in accordance
with the terms hereof,  and a new Warrant shall be issued to the  transferee and
the surrendered Warrant shall be canceled by the Company.

      Section 3.  EXERCISE OF WARRANT.  Subject to the  provisions  hereof,  the
Warrantholder may exercise this Warrant,  in whole or in part, at any time prior
to its  expiration  upon  surrender of the Warrant,  together with delivery of a
duly executed  Warrant  exercise form, in the form attached hereto as APPENDIX A
(the "EXERCISE AGREEMENT") and payment by cash, certified check or wire transfer
of funds (or, in certain circumstances,  by cashless exercise as provided below)
of the  aggregate  Warrant  Price for that  number of Warrant  Shares then being
purchased,  to the Company  during normal  business hours on any business day at
the Company's principal executive offices (or such other office or agency of the
Company as it may designate by notice to the Warrantholder).  The Warrant Shares
so  purchased  shall  be  deemed  to be  issued  to  the  Warrantholder  or  the
Warrantholder's  designee  as of the close of business on the date on which this
Warrant  shall have been  surrendered  (or the date  evidence of loss,  theft or
destruction  thereof and security or indemnity  satisfactory  to the Company has
been  provided to the  Company),  the Warrant Price shall have been paid and the
completed  Exercise  Agreement shall have been delivered.  Certificates  for the
Warrant  Shares so purchased  shall be delivered to the  Warrantholder  within a
reasonable time, not exceeding three (3) business days, after this Warrant shall
have been so exercised. The Warrant Shares shall be in such denominations as may
be requested by the  Warrantholder  and shall be  registered  in the name of the
Warrantholder or such other name as shall be designated by the Warrantholder, as
specified in the Exercise  Agreement.  If this Warrant shall have been exercised
only in part, then,  unless this Warrant has expired,  the Company shall, at its
expense,  at the  time  of  delivery  of such  Warrant  Shares,  deliver  to the
Warrantholder  a new Warrant  representing  the right to purchase  the number of
Warrant  Shares  with  respect  to which this  Warrant  shall not then have been
exercised. As used herein,  "business day" means a day, other than a Saturday or
Sunday, on which banks in New York City are open for the general  transaction of
business.  Each  exercise  hereof shall  constitute  the  re-affirmation  by the
Warrantholder that the representations and warranties  contained in Section 2 of
the  Purchase  Agreement  are true and  correct in all  material  respects  with
respect to the Warrantholder as of the time of such exercise.

      Section 4. COMPLIANCE WITH THE SECURITIES ACT OF 1933.  Except as provided
in the  Purchase  Agreement,  the  Company may cause the legend set forth on the
first page of this Warrant to be set forth on each Warrant, and a similar legend
on any security issued or issuable upon exercise of this Warrant, unless counsel
for the  Company is of the opinion as to any such  security  that such legend is
unnecessary.

      Section 5. PAYMENT OF TAXES.  The Company will pay any  documentary  stamp
taxes  attributable to the initial  issuance of Warrant Shares issuable upon the
exercise  of the  Warrant;  provided,  however,  that the  Company  shall not be
required to pay any tax or taxes which may be payable in respect of any transfer
involved in the issuance or delivery of any certificates for Warrant Shares in a
name other than that of the  Warrantholder  in respect of which such  Shares are
issued,  and in such case, the Company shall not be required to issue or deliver
any  certificate  for Warrant Shares or any Warrant until the person  requesting
the same has paid to the  Company the amount of such tax or has  established  to
the  Company's  reasonable  satisfaction  that  such  tax  has  been  paid.  The
Warrantholder shall be responsible for income taxes due under federal,  state or
other law, if any such tax is due.

                                       2
<PAGE>

      Section 6.  MUTILATED OR MISSING  WARRANTS.  In case this Warrant shall be
mutilated,  lost, stolen, or destroyed,  the Company shall issue in exchange and
substitution of and upon surrender and cancellation of the mutilated Warrant, or
in lieu of and  substitution  for the Warrant lost,  stolen or destroyed,  a new
Warrant of like tenor and for the  purchase of a like amount of Warrant  Shares,
but only upon receipt of evidence reasonably satisfactory to the Company of such
loss, theft or destruction of the Warrant, and with respect to a lost, stolen or
destroyed  Warrant,  reasonable  indemnity  or bond  with  respect  thereto,  if
requested by the Company.

      Section 7.  RESERVATION OF SHARES.  The Company shall at all times reserve
and keep  available out of its authorized  but unissued  Shares,  solely for the
purpose of providing  for the exercise of the  Warrants,  such number of Warrant
Shares  as shall be  sufficient  to  permit  the  exercise  of the  Warrants  in
accordance  with their  respective  terms.  The Company  agrees that all Warrant
Shares issued upon due exercise of the Warrant shall be, at the time of delivery
of the  certificates for such Warrant Shares,  duly authorized,  validly issued,
fully paid Shares of the Company.

      Section 8.  ADJUSTMENTS.  Subject and pursuant to the  provisions  of this
Section  8, the  Warrant  Price and  number of  Warrant  Shares  subject to this
Warrant  shall  be  subject  to  adjustment  from  time  to  time  as set  forth
hereinafter.

            (a) If the  Company  shall,  at any time or from time to time  while
this Warrant is  outstanding,  pay a dividend,  make any  distribution or make a
distribution  on its Shares or any other  securities,  combine  its  outstanding
number of Shares into a smaller number of Shares or issue by reclassification of
its   outstanding   Shares  or  any  equity   securities   (including  any  such
reclassification  in  connection  with a  consolidation  or  merger in which the
Company is the  continuing  corporation),  then (i) the Warrant  Price in effect
immediately  prior to the date on which such change shall become effective shall
be adjusted by  multiplying  such Warrant Price by a fraction,  the numerator of
which shall be the number of Shares outstanding immediately prior to such change
and  the  denominator  of  which  shall  be the  number  of  Shares  outstanding
immediately  after  giving  effect to such change and (ii) the number of Warrant
Shares   purchasable  upon  exercise  of  this  Warrant  shall  be  adjusted  by
multiplying  the number of Warrant  Shares  purchasable  upon  exercise  of this
Warrant  immediately  prior  to the  date on  which  such  change  shall  become
effective by a fraction, the numerator of which is shall be the Warrant Price in
effect immediately prior to the date on which such change shall become effective
and the  denominator  of which shall be the Warrant Price in effect  immediately
after giving effect to such change,  calculated  in  accordance  with clause (i)
above.  Such adjustments  shall be made  successively  whenever any event listed
above shall occur.

            (b) If any capital reorganization or reclassification of the capital
stock of the  Company,  consolidation  or merger  of the  Company  with  another
corporation in which the Company is not the survivor, or sale, transfer or other
disposition  of all or  substantially  all of the  Company's  assets to  another
corporation  shall be effected,  then,  as a condition  of such  reorganization,
reclassification,  consolidation,  merger,  sale, transfer or other disposition,
lawful and adequate  provision  shall be made whereby each  Warrantholder  shall
thereafter  have the right to purchase  and receive  upon the basis and upon the
terms  and  conditions  herein  specified  and in  lieu  of the  Warrant  Shares
immediately  theretofore  issuable upon exercise of the Warrant,  such shares of
stock,  securities or assets as would have been issuable or payable with respect
to or in exchange for a amount of Warrant  Shares equal to the number of Warrant
Shares immediately  theretofore  issuable upon exercise of the Warrant, had such
reorganization, reclassification, consolidation, merger, sale, transfer or other
disposition not taken place, and in any such case appropriate provision shall be
made with respect to the rights and interests of each  Warrantholder  to the end
that  the  provisions  hereof  (including,  without  limitation,  provision  for
adjustment  of the Warrant  Price) shall  thereafter  be  applicable,  as nearly
equivalent as may be practicable in relation to any shares of stock,  securities
or assets thereafter deliverable upon the exercise hereof. The Company shall not
effect any such  consolidation,  merger,  sale,  transfer  or other  disposition
unless prior to or  simultaneously  with the consummation  thereof the successor
corporation  (if other than the Company)  resulting from such  consolidation  or
merger,  or the  corporation  purchasing or otherwise  acquiring  such assets or
other  appropriate  corporation or entity shall assume the obligation to deliver
to the Warrantholder,  at the last address of the Warrantholder appearing on the
books of the  Company,  such  shares  of  stock,  securities  or  assets  as, in
accordance with the foregoing  provisions,  the Warrantholder may be entitled to
purchase,  and the other obligations under this Warrant.  The provisions of this
paragraph   (b)   shall   similarly   apply   to   successive   reorganizations,
reclassifications,   consolidations,   mergers,   sales,   transfers   or  other
dispositions.

                                       3
<PAGE>

            (c) In case the Company shall fix a payment date for the making of a
distribution  to all  shareholders  (including  any  such  distribution  made in
connection with a consolidation or merger in which the Company is the continuing
corporation)  of evidences of  indebtedness or assets (other than cash dividends
or cash distributions  payable out of consolidated earnings or earned surplus or
dividends or distributions  referred to in Section 8(a)), or subscription rights
or warrants,  the Warrant Price to be in effect after such payment date shall be
determined by multiplying the Warrant Price in effect  immediately prior to such
payment  date by a fraction,  the  numerator  of which shall be the total Market
Price (as defined below) of all of the issued Shares  immediately  prior to such
payment date,  less the fair market value (as determined by the Company's  Board
of  Directors  in good faith) of said assets or  evidences  of  indebtedness  so
distributed,  or of such subscription rights or warrants, and the denominator of
which shall be the total number of shares of Common Stock outstanding multiplied
by such Market Price per share of Common Stock immediately prior to such payment
date.  "MARKET PRICE" as of a particular date (the "VALUATION  DATE") shall mean
the following:  (i) if the Shares are then listed on a national stock  exchange,
the closing  sale price of the Shares on such  exchange on the last  trading day
prior to the  Valuation  Date;  (ii) if the Shares are then listed on The Nasdaq
Stock Market, Inc. ("NASDAQ") or quoted on the OTC Bulletin Board (the "BULLETIN
BOARD") or such similar quotation system or association,  the closing sale price
of the Shares on Nasdaq,  the Bulletin Board or such other  quotation  system or
association  on the last trading day prior to the Valuation  Date or, if no such
closing sale price is  available,  the average of the high bid and the low asked
price quoted  thereon on the last trading day prior to the  Valuation  Date;  or
(iii) if the Shares are not then listed on a national stock  exchange  listed on
Nasdaq,  or quoted  on the  Bulletin  Board or such  other  quotation  system or
association,  the fair market value of the Shares as of the  Valuation  Date, as
determined  in good  faith by the  Board of  Directors  of the  Company  and the
Warrantholder.  If the  Shares  are not then  listed  on a  national  securities
exchange,  Nasdaq,  the  Bulletin  Board  or  such  other  quotation  system  or
association,  the Board of Directors of the Company shall respond  promptly,  in
writing,  to an inquiry by the Warrantholder  prior to the exercise hereunder as
to the fair market value of the Shares as  determined  by the Board of Directors
of the Company.  In the event that the Board of Directors of the Company and the
Warrantholder  are  unable to agree  upon the fair  market  value in  respect of
subpart (iii) of this paragraph, the Company and the Warrantholder shall jointly
select an appraiser,  who is experienced  in such matters.  The decision of such
appraiser shall be final and conclusive, and the cost of such appraiser shall be
borne equally by the Company and the  Warrantholder.  Such  adjustment  shall be
made successively whenever such a payment date is fixed.

            (d) An  adjustment  to the  Warrant  Price  shall  become  effective
immediately  after the payment date in the case of each dividend or distribution
and  immediately  after the effective date of each other event which requires an
adjustment.

            (e) In the event that, as a result of an adjustment made pursuant to
this Section 8, the Warrantholder shall become entitled to receive any shares of
capital stock of the Company other than Warrant Shares, the number of such other
shares so receivable  upon exercise of this Warrant shall be subject  thereafter
to adjustment from time to time in a manner and on terms as nearly equivalent as
practicable  to the provisions  with respect to the Warrant Shares  contained in
this Warrant.

            (f)  Anything  herein to the contrary  notwithstanding,  the Company
shall not be required to make any adjustment of the Warrant Price in the case of
the issuance of (i) Shares,  capital stock,  Options or  Convertible  Securities
issued to  directors,  officers,  employees  or  consultants  of the  Company in
connection with their service as directors of the Company,  their  employment by
the Company or their  retention  as  consultants  by the Company  pursuant to an
equity compensation program approved by the Board of Directors of the Company or
the compensation committee of the Board of Directors of the Company, (ii) Shares
or securities  issued upon the  conversion or exercise of Options or Convertible
Securities  issued prior to the date hereof,  provided such  securities  are not
amended  after  the date  hereof to  increase  the  number  of  Shares  issuable
thereunder  or  to  lower  the  exercise  or  conversion  price  thereof,  (iii)
securities issued pursuant to the Purchase  Agreement and securities issued upon
the  exercise or  conversion  of those  securities,  and (iv)  Shares  issued or
issuable  by reason of a  dividend,  stock  split or other  distribution  on the
Shares  (but only to the  extent  that such a  dividend,  split or  distribution
results in an adjustment in the Warrant Price  pursuant to the other  provisions
of this Warrant) (collectively, "EXCLUDED ISSUANCES").

            (g) To the  extent  permitted  by  applicable  law and  the  listing
requirements  of any stock  market or  exchange  on which  the  Shares  are then
listed, the Company from time to time may decrease the Warrant

                                       4
<PAGE>

Price by any amount for any period of time if the period is at least twenty (20)
days, the decrease is  irrevocable  during the period and the Board of Directors
shall  have  made a  determination  that  such  decrease  would  be in the  best
interests of the Company, which determination shall be conclusive.  Whenever the
Warrant Price is decreased pursuant to the preceding sentence, the Company shall
provide written notice thereof to the Warrantholder at least five (5) days prior
to the date the  decreased  Warrant  Price takes  effect,  and such notice shall
state the  decreased  Warrant  Price and the period  during  which it will be in
effect.

      Section 9. FRACTIONAL INTEREST. The Company shall not be required to issue
fractions of Warrant Shares upon the exercise of this Warrant. If any fractional
share of Common Stock would,  except for the provisions of the first sentence of
this Section 9, be  deliverable  upon such  exercise,  the  Company,  in lieu of
delivering such fractional share,  shall pay to the exercising  Warrantholder an
amount in cash  equal to the  Market  Price of such  fractional  share of Common
Stock on the date of exercise.

      Section 10. [OMITTED.]

      Section 11.  BENEFITS.  Nothing in this Warrant shall be construed to give
any  person,  entity,  firm or  corporation  (other  than  the  Company  and the
Warrantholder)  any legal or equitable  right,  remedy or claim, it being agreed
that this Warrant shall be for the sole and exclusive benefit of the Company and
the Warrantholder.

      Section 12.  NOTICES TO  WARRANTHOLDER.  Upon the  happening  of any event
requiring an adjustment of the Warrant  Price,  the Company shall  promptly give
written  notice  thereof to the  Warrantholder  at the address  appearing in the
records of the  Company,  stating the  adjusted  Warrant  Price and the adjusted
number of  Warrant  Shares  resulting  from  such  event  and  setting  forth in
reasonable  detail  the  method of  calculation  and the facts  upon  which such
calculation is based.  Failure to give such notice to the  Warrantholder  or any
defect  therein  shall not  affect  the  legality  or  validity  of the  subject
adjustment.

      Section 13. [OMITTED.]

      Section 14. NOTICES.  Unless  otherwise  provided,  any notice required or
permitted  under  this  Warrant  shall be given in  writing  and shall be deemed
effectively  given as hereinafter  described (i) if given by personal  delivery,
then such  notice  shall be deemed  given upon such  delivery,  (ii) if given by
telex or  facsimile,  then such  notice  shall be deemed  given upon  receipt of
confirmation of complete  transmittal,  (iii) if given by mail, then such notice
shall be deemed  given  upon the  earlier of (A)  receipt of such  notice by the
recipient  or (B) three days after such notice is deposited in first class mail,
postage prepaid,  and (iv) if given by an internationally  recognized  overnight
air  courier,  then such notice  shall be deemed  given one  business  day after
delivery to such carrier.  All notices shall be addressed as follows:  if to the
Warrantholder,  at its address as set forth in the  Company's  books and records
and, if to the Company,  at the address as follows,  or at such other address as
the  Warrantholder  or the Company may  designate by ten days'  advance  written
notice to the other:

                  If to the Company:

                        New Era Marketing, Inc.
                        927 Lincoln Road, Suite 200
                        Miami, FL 33139
                        Attention: Jeffrey Binder, CEO
                        Fax: (305) 674-1311

                  With a copy to (which shall not constitute notice):

                        Hodgson Russ LLP
                        60 E. 42nd Street, 37th Floor
                        New York, NY 10165
                        Attn: Jeffrey A. Rinde, Esq.
                        Fax: (212) 972-1677

                                       5
<PAGE>

      Section 15. REGISTRATION RIGHTS. The initial  Warrantholder is entitled to
the benefit of certain  registration  rights with respect to the Warrant  Shares
(or other securities)  issuable upon the exercise of this Warrant as provided in
the  Registration  Rights  Agreement,  and any subsequent  Warrantholder  may be
entitled  to such  rights  only  upon due  assignment  of this  Warrant  and due
execution of the Registration Rights Agreement.

      Section 16. SUCCESSORS.  All the covenants and provisions hereof by or for
the  benefit of the  Warrantholder  shall  bind and inure to the  benefit of its
respective successors and assigns hereunder.

      Section 17. GOVERNING LAW; CONSENT TO JURISDICTION;  WAIVER OF JURY TRIAL.
This  Warrant  shall be governed  by, and  construed  in  accordance  with,  the
internal laws of the State of New York,  without  reference to the choice of law
provisions   thereof.   The  Company  and,  by  accepting   this  Warrant,   the
Warrantholder,  each  irrevocably  submits to the exclusive  jurisdiction of the
courts of the State of New York located in New York County and the United States
District  Court for the  Southern  District  of New York for the  purpose of any
suit, action,  proceeding or judgment relating to or arising out of this Warrant
and the transactions  contemplated hereby. Service of process in connection with
any such suit,  action or proceeding may be served on each party hereto anywhere
in the world by the same  methods  as are  specified  for the  giving of notices
under  this  Warrant.   The  Company  and,  by  accepting   this  Warrant,   the
Warrantholder,  each irrevocably  consents to the jurisdiction of any such court
in any such suit, action or proceeding and to the laying of venue in such court.
The Company and, by accepting this Warrant, the Warrantholder,  each irrevocably
waives  any  objection  to the  laying  of  venue of any such  suit,  action  or
proceeding brought in such courts and irrevocably waives any claim that any such
suit,  action or  proceeding  brought in any such  court has been  brought in an
inconvenient  forum.  EACH OF THE COMPANY  AND, BY ITS  ACCEPTANCE  HEREOF,  THE
WARRANTHOLDER  HEREBY  WAIVES  ANY  RIGHT  TO  REQUEST  A  TRIAL  BY JURY IN ANY
LITIGATION  WITH  RESPECT TO THIS WARRANT AND  REPRESENTS  THAT COUNSEL HAS BEEN
CONSULTED SPECIFICALLY AS TO THIS WAIVER.

      Section 18. [OMITTED.]

      Section  19.  CASHLESS  EXERCISE.   Notwithstanding  any  other  provision
contained  herein to the contrary,  from and after the first  anniversary of the
Closing Date if the Warrant  Shares may not be freely sold to the public for any
reason  (including,  but not  limited  to, the  failure  of the  Company to have
effected the registration of the Warrant Shares or to have a current  prospectus
available  for delivery or  otherwise,  but  excluding the period of any Allowed
Delay (as defined in the Registration  Rights Agreement),  the Warrantholder may
elect to  receive,  without the payment by the  Warrantholder  of the  aggregate
Warrant Price in respect of the shares of Common Stock to be acquired, shares of
Common  Stock of equal  value to the  value of this  Warrant,  or any  specified
portion  hereof,  by the  surrender  of this  Warrant  (or such  portion of this
Warrant being so exercised)  together with a Net Issue Election  Notice,  in the
form  annexed  hereto  as  APPENDIX  B,  each  duly  executed,  to the  Company.
Thereupon,  the  Warrantholder  shall become a shareholder and the Company shall
issue to the Warrantholder  such number of fully paid,  validly issued Shares as
is computed using the following formula:

                                  X = Y (A - B)
                                      ---------
                                          A

where

                  X = the  number  of  Shares  to  which  the  Warrantholder  is
entitled upon such cashless exercise;

                  Y = the total  number of Shares  covered by this  Warrant  for
which  the  Warrantholder  has  surrendered  purchase  rights  at such  time for
cashless  exercise  (including both shares to be issued to the Warrantholder and
shares as to which the purchase rights are to be canceled as payment therefor);

                  A = the  "Market  Price"  of one  Share as at the date the net
issue election is made; and

                  B = the Warrant Price in effect under this Warrant at the time
the net issue election is made.

                                       6
<PAGE>

      Section  20. NO  RIGHTS  AS  STOCKHOLDER.  Prior to the  exercise  of this
Warrant,  the  Warrantholder  shall  not  have  or  exercise  any  rights  as  a
stockholder of the Company by virtue of its ownership of this Warrant.

      Section 21. AMENDMENT; WAIVER. This Warrant is one of a series of Warrants
of like tenor issued by the Company.  Any term of this Warrant may be amended or
waived  (including  the  adjustment  provisions  included  in  Section 8 of this
Warrant)  upon the  written  consent of the  Company and the holders of Warrants
representing  at  least  50% of the  Shares  then  subject  to such  outstanding
Warrants (the  "MAJORITY  HOLDERS");  PROVIDED,  that (x) any such  amendment or
waiver must apply to all Warrants;  and (y) the number of Warrant Shares subject
to this Warrant,  the Warrant Price and the Expiration  Date may not be amended,
and the right to  exercise  this  Warrant  may not be  altered  or waived in any
manner  adverse  to  the  Warrantholder,  without  the  written  consent  of the
Warrantholder.

      Section 22. SECTION HEADINGS. The section headings in this Warrant are for
the  convenience  of the  Company  and the  Warrantholder  and in no way  alter,
modify, amend, limit or restrict the provisions hereof.

      Section 23. IN WITNESS WHEREOF,  the Company has caused this Warrant to be
duly executed, as of the ___ day of December, 2006.

                                                  NEW ERA MARKETING, INC.

                                                  By:
                                                      --------------------------
                                                      Jeffrey Binder
                                                      Chief Executive Officer

                                       7
<PAGE>

                                   APPENDIX A
                             NEW ERA MARKETING, INC.
                              WARRANT EXERCISE FORM

To New Era Marketing, Inc.:

      The  undersigned  hereby  irrevocably  elects  to  exercise  the  right of
purchase  represented  by the within  Warrant  ("WARRANT")  for, and to purchase
thereunder  by the payment of the Warrant  Price and  surrender  of the Warrant,
shares of common stock  ("WARRANT  SHARES")  provided for therein,  and requests
that certificates for the Warrant Shares be issued as follows:

                           _______________________________
                           Name
                           ________________________________
                           Address
                           ________________________________
                           ________________________________
                           Federal Tax ID or Social Security No.

      and delivered by     (certified mail to the above address, or
                           (electronically (provide DWAC Instructions:
                           ___________________), or
                           (other (specify):
                           __________________________________________).

and,  if the  number  of  Warrant  Shares  shall not be all the  Warrant  Shares
purchasable upon exercise of the Warrant,  that a new Warrant for the balance of
the Warrant  Shares  purchasable  upon exercise of this Warrant be registered in
the name of the undersigned Warrantholder or the undersigned's Assignee as below
indicated and delivered to the address stated below.

Dated: ___________________, ____

Note: The signature must correspond with     Signature:_________________________
the name of the Warrantholder as written
on the first page of the Warrant in every              _________________________
particular, without alteration or                      Name (please print)
enlargement or any change whatever, unless
the Warrant has been assigned.                         _________________________
                                                       _________________________
                                                       Address
                                                       _________________________
                                                       Federal Identification or
                                                       Social Security No.

                                                       Assignee:
                                                       _________________________
                                                       _________________________
                                                       _________________________

                                       8
<PAGE>

                                   APPENDIX B
                             NEW ERA MARKETING, INC.
                            NET ISSUE ELECTION NOTICE

To: New Era Marketing, Inc..

Date:[_________________________]

      The  undersigned  hereby  elects  under  SECTION  19 of  this  Warrant  to
surrender the right to purchase [____________] number of Shares pursuant to this
Warrant and hereby  requests  the  issuance of  [_____________]  of Shares.  The
certificate(s)  for the shares  issuable upon such net issue  election  shall be
issued in the name of the undersigned or as otherwise indicated below.

_________________________________________
Signature

_________________________________________
Name for Registration

_________________________________________
Mailing Address

                                       9EXHIBIT 4.4

                          REGISTRATION RIGHTS AGREEMENT

      This  Registration  Rights Agreement (the "AGREEMENT") is made and entered
into as of this ___ day of  April,  2006 by and among  Fearless  Yachts  LLC,  a
Florida limited  liability  company (the "COMPANY"),  and the "Holders" named on
SCHEDULE A hereto.  Capitalized terms used herein and not otherwise defined have
the respective  meanings  ascribed thereto in that certain  Securities  Purchase
Agreement, dated as of the date hereof (as may be amended from time to time, the
"SECURITIES PURCHASE AGREEMENT"), by and among the Company, a Purchaser Designee
and the Purchasers.

      The parties hereby agree as follows:

      1. CERTAIN DEFINITIONS.

      As used in this  Agreement,  the following  terms shall have the following
meanings:

      "INTERESTS" shall mean the Company's limited liability company  membership
interests,  and any  securities  into  which  such  shares  may  hereinafter  be
reclassified,  or any securities of any successor entity to the Company issuable
in exchange for the Interests.

      "INVESTORS" shall mean any holder of Registrable  Securities who agrees in
writing to be bound by the provisions of this Agreement.

      "PROSPECTUS"  shall mean (i) the prospectus  included in any  Registration
Statement, as amended or supplemented by any prospectus supplement, with respect
to the  terms of the  offering  of any  portion  of the  Registrable  Securities
covered  by  such  Registration  Statement  and  by  all  other  amendments  and
supplements  to the  prospectus,  including  post-effective  amendments  and all
material  incorporated  by  reference  in such  prospectus,  and (ii) any  "free
writing prospectus" as defined in Rule 163 under the 1933 Act..

      "REGISTER,"  "REGISTERED" and "REGISTRATION"  refer to a registration made
by  preparing  and  filing a  Registration  Statement  or  similar  document  in
compliance with the 1933 Act (as defined below), and the declaration or ordering
of effectiveness of such Registration Statement or document.

      "REGISTRABLE  SECURITIES"  shall  mean  (i) the  Interests  issuable  upon
exercise of the Warrants  issued pursuant to the Securities  Purchase  Agreement
and (ii) any other  securities  issued or issuable in exchange  for  Registrable
Securities;  provided,  that a security shall cease to be a Registrable Security
upon (A) the sale of such security pursuant to a Registration  Statement or Rule
144 or 144A under the 1933 Act, or (B) such security  becoming eligible for sale
by the Investor pursuant to Rule 144(k).

      "REGISTRATION  STATEMENT"  shall mean any  registration  statement  of the
Company  filed  under  the  1933  Act  that  covers  the  resale  of  any of the
Registrable Securities pursuant to the provisions of this Agreement,  amendments
and  supplements  to  such  Registration  Statement,   including  post-effective
amendments,  all  exhibits and all  material  incorporated  by reference in such
Registration Statement.

      "REQUIRED  INVESTORS"  means  the  Investors  holding  a  majority  of the
Registrable Securities.

      2. REGISTRATION.

            (a) PIGGYBACK REGISTRATIONS.

                  (i) RIGHT TO INCLUDE REGISTRABLE SECURITIES. If the Company at
any time  proposes to register  its  Interests  under the 1993 Act (other than a
registration on Form S-4 or S-8 or any successor or other forms  promulgated for
similar  purposes),  whether or not such registration shall be intended for sale
for its own  account,  pursuant  to a  registration  statement  on  which  it is
permissible to register Registrable Securities for sale to the public

<PAGE>

under the 1933 Act, it will give written  notice of its  intention to do so, and
of such Investor's  rights under this Section 2, to all Investor at least thirty
(30) days prior to each such filing of any registration statement under the 1933
Act. Upon the written  request of any such Investor made within twenty (20) days
after  the  receipt  of  any  such  notice  (which  request  shall  specify  the
Registrable  Securities intended to be disposed of by such Holder),  the Company
will use its  commercially  reasonable  best efforts to effect the  registration
under the 1933 Act of all Registrable  Securities  which the Company has been so
requested  to register by the  Investors;  PROVIDED,  THAT,  (1) if, at any time
after giving  written  notice of its  intention to register any  securities  and
prior to the effective date of the  registration  statement  filed in connection
with such  registration,  the  Company  shall  determine  for any  reason not to
proceed with the proposed  registration  of the securities to be sold by it, the
Company may, at its election,  give written notice of such determination to each
Investor  and,  thereupon,  shall be relieved of its  obligation to register any
Registrable  Securities in connection with such  registration  (but not from its
obligation to pay the registration expenses in connection therewith), and (2) if
such registration involves an underwritten offering, all Investors requesting to
be included in the Company's registration may be required by the Company to sell
their Registrable  Securities,  as the case may be, to the underwriters selected
by the Company on the same terms and  conditions  as apply to the Company,  with
such differences,  including any with respect to  indemnification  and liability
insurance,  as may be customary or appropriate in combined primary and secondary
offerings. If a registration requested pursuant to this Section 2(a)(i) involves
an underwritten  public offering,  any Investor holding  Registrable  Securities
requesting to be included in such registration  shall have the right to withdraw
its request by giving  written  notice  thereof at least three (3) days prior to
the filing of the registration statement.

                  (ii) PRIORITY IN INCIDENTAL  REGISTRATION.  If a  registration
pursuant to this  Section 2 involves an  underwritten  offering and the managing
underwriter advised the Company in writing that, in its good faith opinion,  the
amount  of  securities  requested  to be  included  in  such  registration  (the
"REQUESTED REGISTRABLE SECURITIES") exceeds the amount which can be sole in such
offering,  so as to be likely to have a material adverse effect on such offering
as  contemplated  by the  Company  (including  the  price at which  the  Company
proposed  to sell  such  securities),  then the  Company  will  include  in such
registration  the following  securities (the "ACTUAL  REGISTRABLE  SECURITIES"):
FIRST,  all securities  proposed by the Company to be sold for the Company's own
account;  SECOND, the amount of Registrable  Securities requested to be included
in such  registration by the Investors  which, in the good faith opinion of such
managing  underwriter can be sold without  causing a material  adverse effect on
the  offering,  with  such  amount of  Registrable  Securities  to be  equitably
allocated on a percentage Pro Rata Basis (as defined below; THIRD, any amount of
other securities ("OTHER  SECURITIES") of the Company held by all other security
holders ("OTHER HOLDERS") which the Company has agreed to register which, in the
good faith opinion of such managing  underwriter,  can be sold without causing a
material adverse effect on the offering, with such amount of Other Securities to
be  allocated  PRO RATA among such  Other  Holders on the basis of the  relative
number of shares of Other  Securities  owned by such  Other  Holders.  "PRO RATA
BASIS"  shall mean that in the event the  underwriter  causes a  reduction  in a
particular  series  of  Requested  Registrable  Securities,  the  number of such
Registrable  Securities included in the registration for each Purchaser shall be
reduced  by  an  equal  percentage  of  their  respective  applicable  Requested
Registrable Securities.

            (b)  EXPENSES.   The  Company  will  pay  all  reasonable   expenses
associated  with each  registration,  including  filing and printing  fees,  the
Company's  counsel and  accounting  fees and  expenses,  costs  associated  with
clearing the Registrable  Securities for sale under  applicable state securities
laws  and  listing  fees,  but  excluding   discounts,   commissions,   fees  of
underwriters,  selling brokers,  dealer managers or similar securities  industry
professionals with respect to the Registrable Securities being sold.

            (c) EFFECTIVENESS.

                  (i) The Company  shall  notify the  Investors  by facsimile or
e-mail as promptly as practicable,  and in any event,  within  forty-eight  (48)
hours, after any Registration  Statement registering such Investor's Registrable
Securities  is  declared  effective  and shall  simultaneously  provide the said
Investors  with copies of any related  Prospectus to be used in connection  with
the sale or other disposition of the securities covered thereby.

                  (ii)  The  Company  may  delay  the   disclosure  of  material
non-public  information  concerning  the Company,  by suspending  the use of any
Prospectus included in any registration  contemplated by this

                                       2
<PAGE>

Section containing such information, the disclosure of which at the time is not,
in the good faith opinion of the Company,  in the best  interests of the Company
(an "ALLOWED DELAY");  provided,  that the Company shall promptly (a) notify the
Investors  in writing of the  existence  of (but in no event,  without the prior
written consent of an Investor,  shall the Company disclose to such Investor any
of the facts or circumstances  regarding) material non-public information giving
rise to an Allowed Delay, (b) advise the Investors in writing to cease all sales
under the Registration  Statement until the end of the Allowed Delay and (c) use
commercially  reasonable  efforts to terminate  an Allowed  Delay as promptly as
practicable.

      3. COMPANY OBLIGATIONS. If and whenever the Company is required to use its
commercially  reasonable  efforts to effect the  registration of the Registrable
Securities  in  accordance  with  the  terms  hereof  (and  presuming  that  the
Registration  Statement is not withdrawn or terminated as provided herein),  and
pursuant thereto the Company will, as expeditiously as possible:

            (a) use commercially  reasonable  efforts to cause such Registration
Statement to become effective and to remain continuously  effective for a period
that will  terminate  upon the earlier of (i) the date on which all  Registrable
Securities covered by such Registration  Statement as amended from time to time,
have been sold, and (ii) the date on which all Registrable Securities covered by
such Registration  Statement would no longer be denied  Registrable  Securities,
(the  "EFFECTIVENESS  PERIOD")  and advise  the  Investors  in writing  when the
Effectiveness Period has expired;

            (b) use commercially reasonable efforts to prepare and file with the
SEC such amendments and post-effective  amendments to the Registration Statement
and the  Prospectus  as may be  necessary  to keep  the  Registration  Statement
effective for the Effectiveness  Period and to comply with the provisions of the
1933  Act and the  1934  Act  with  respect  to the  distribution  of all of the
Registrable Securities covered thereby;

            (c) provide copies to and permit  counsel  appointed by the Required
Investors  to  review  each  Registration   Statement  and  all  amendments  and
supplements  thereto no fewer than seven (7) days prior to their filing with the
SEC and not file any document to which such counsel reasonably objects;

            (d) furnish to the Investors  and their  counsel (i) promptly  after
the same is prepared and publicly  distributed,  filed with the SEC, or received
by the Company (but not later than two (2) Business  Days after the filing date,
receipt  date  or  sending  date,  as the  case  may  be)  one  (1)  copy of any
Registration  Statement and any amendment thereto,  each preliminary  prospectus
and Prospectus and each amendment or supplement thereto, and each letter written
by or on behalf of the Company to the SEC or the staff of the SEC, and each item
of correspondence from the SEC or the staff of the SEC, in each case relating to
such  Registration  Statement  (other  than any  portion  of any  thereof  which
contains  information for which the Company has sought confidential  treatment),
and (ii)  such  number  of  copies  of a  Prospectus,  including  a  preliminary
prospectus,  and all amendments and supplements thereto and such other documents
as each Investor may reasonably  request in order to facilitate the  disposition
of the  Registrable  Securities  owned by such  Investor that are covered by the
related Registration Statement;

            (e) use commercially  reasonable efforts to (i) prevent the issuance
of any stop order or other suspension of  effectiveness  and, (ii) if such order
is issued,  obtain the  withdrawal  of any such order at the  earliest  possible
moment;

            (f) prior to any public  offering  of  Registrable  Securities,  use
commercially  reasonable  efforts to register or qualify or  cooperate  with the
Investors and their counsel in connection with the registration or qualification
of such  Registrable  Securities for offer and sale under the securities or blue
sky laws of such  jurisdictions  requested by the  Investors  and do any and all
other  commercially  reasonable acts or things  necessary or advisable to enable
the distribution in such jurisdictions of the Registrable  Securities covered by
the Registration  Statement;  provided,  however,  that the Company shall not be
required in connection  therewith or as a condition thereto to (i) qualify to do
business in any jurisdiction where it would not otherwise be required to qualify
but for this  Section  3(f),  (ii)  subject  itself to general  taxation  in any
jurisdiction  where it would not  otherwise  be so subject but for this  Section
3(f),  or (iii)  file a  general  consent  to  service  of  process  in any such
jurisdiction;

                                       3
<PAGE>

            (g) use  commercially  reasonable  efforts to cause all  Registrable
Securities  covered by a Registration  Statement to be listed on each securities
exchange,  interdealer  quotation  system  or  other  market  on  which  similar
securities  issued  by the  Company  are then  listed or  proposal  to be listed
pursuant to the Registration Statement;

            (h) immediately notify the Investor upon discovery that, or upon the
happening of any event as a result of which,  the Prospectus  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
light of the circumstances  then existing,  and promptly prepare,  file with the
SEC  and  furnish  to  such  holder  a  supplement  to or an  amendment  of such
Prospectus  as may be  necessary  so that 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
light of the circumstances then existing; and

            (i) otherwise use commercially reasonable efforts to comply with all
applicable rules and regulations of the SEC under the 1933 Act and the 1934 Act,
including,  without  limitation,  Rule 172 under  the 1933  Act,  file any final
Prospectus, including any supplement or amendment thereof, with the SEC pursuant
to Rule 424 under the 1933 Act,  promptly inform the Investors in writing if, at
any time  during the  Effectiveness  Period,  the  Company  does not satisfy the
conditions  specified in Rule 172 and, as a result  thereof,  the  Investors are
required  to  deliver  a  Prospectus  in  connection  with  any  disposition  of
Registrable  Securities  and  take  such  other  actions  as may  be  reasonably
necessary  to  facilitate  the   registration  of  the  Registrable   Securities
hereunder;  and make  available to its security  holders,  as soon as reasonably
practicable,  but not later than the  Availability  Date (as defined below),  an
earnings statement  covering a period of at least twelve (12) months,  beginning
after  the  effective  date  of  each  Registration  Statement,  which  earnings
statement  shall  satisfy  the  provisions  of  Section  11(a) of the 1933  Act,
including Rule 158  promulgated  thereunder  (for the purpose of this subsection
3(i),  "Availability  Date" means the 45th day  following  the end of the fourth
fiscal quarter that includes the effective date of such Registration  Statement,
except that, if such fourth fiscal  quarter is the last quarter of the Company's
fiscal year, "Availability Date" means the 90th day after the end of such fourth
fiscal quarter).

            (j) with a view to making  available to the Investor the benefits of
Rule 144 (or its  successor  rule) and any other rule or  regulation  of the SEC
that may at any time permit the Investor to sell Interests to the public without
registration,  the  Company  covenants  and agrees to: (i) make and keep  public
information  available,  as those terms are  understood and defined in Rule 144,
until the  earlier of (A) six months  after such date as all of the  Registrable
Securities  may be resold  pursuant  to Rule 144(k) or any other rule of similar
effect or (B) such date as all of the  Registrable  Securities  shall  have been
resold;  (ii)  file  with the SEC in a  timely  manner  all  reports  and  other
documents  required of the Company under the 1934 Act; and (iii) furnish to each
Investor upon request, as long as such Investor owns any Registrable Securities,
(A) a written statement by the Company, if applicable, that it has complied with
the reporting  requirements of the 1934 Act, (B) a copy, if so required,  of the
Company's  most recent Annual Report on Form 10-KSB or Quarterly  Report on Form
10-QSB,  and (C) such other information as may be reasonably  requested in order
to avail such  Investor of any rule or  regulation  of the SEC that  permits the
selling of any such Registrable Securities without registration.

      4. DUE DILIGENCE  REVIEW;  INFORMATION.  The Company shall make available,
during  normal  business  hours,  for  inspection  and review by the  Investors,
advisors  to  and  representatives  of the  Investors  (who  may  or may  not be
affiliated with the Investors and who are reasonably acceptable to the Company),
all financial and other  records,  all filings with the SEC made by the Company,
and all other  corporate  documents  and  properties  of the  Company  as may be
reasonably  necessary  for the purpose of such review,  and cause the  Company's
officers,  directors and employees,  within a reasonable time period,  to supply
all  such  information  reasonably  requested  by  the  Investors  or  any  such
representative,  advisor or  underwriter  in connection  with such  Registration
Statement (including, without limitation, in response to all questions and other
inquiries  reasonably made or submitted by any of them),  prior to and from time
to time after the filing and effectiveness of the Registration Statement for the
sole purpose of enabling the  Investor  and such  representatives,  advisors and
underwriters and their  respective  accountants and attorneys to conduct initial
and ongoing due  diligence  with respect to the Company and the accuracy of such
Registration Statement.

                                       4
<PAGE>

      The Company  shall not  disclose  material  nonpublic  information  to the
Investors,  or to advisors to or representatives of the Investors,  unless prior
to disclosure of such  information the Company  identifies  such  information as
being material nonpublic  information and provides the Investors,  such advisors
and  representatives  with the  opportunity  to accept or refuse to accept  such
material nonpublic information for review and any Investor (or representative of
such  Investor)  wishing to obtain such  information  enters into an appropriate
confidentiality agreement with the Company with respect thereto.

      5. OBLIGATIONS OF THE INVESTORS.

            (a) Each  Investor  shall  furnish in writing  to the  Company  such
information  regarding  itself,  the  Registrable  Securities held by it and the
intended  method of disposition  of the  Registrable  Securities  held by it, as
shall be  reasonably  required to effect the  registration  of such  Registrable
Securities and shall execute such documents,  questionnaires  of certificates in
connection  with such  registration  as the Company may reasonably  request.  At
least five (5) Business Days prior to the first  anticipated  filing date of any
Registration   Statement,   the  Company  shall  notify  each  Investor  of  the
information  the Company  requires from such Investor if such Investor elects to
have any of the Registrable Securities included in the Registration Statement. A
Investor shall provide such information to the Company at least two (2) Business
Days prior to the first anticipated  filing date of such Registration  Statement
if such Investor  elects to have any of the Registrable  Securities  included in
the Registration Statement.

            (b) Each Investor,  by its acceptance of the Registrable  Securities
agrees to cooperate  with the Company as reasonably  requested by the Company in
connection  with  the  preparation  and  filing  of  a  Registration   Statement
hereunder,  unless  such  Investor  has  notified  the Company in writing of its
election to exclude all of its  Registrable  Securities  from such  Registration
Statement.

            (c) Each Investor  agrees that,  upon receipt of any notice from the
Company of either (i) the  commencement  of an Allowed Delay pursuant to Section
2(c)(ii) or (ii) the happening of an event pursuant to Section 3(h) hereof, such
Investor will  immediately  discontinue  disposition of  Registrable  Securities
pursuant to the Registration  Statement  covering such  Registrable  Securities,
until the Investor is advised by the Company that such dispositions may again be
made.

      6. INDEMNIFICATION.

            (a)  INDEMNIFICATION BY THE COMPANY.  The Company will indemnify and
hold harmless each Investor and its officers,  directors, members, employees and
agents, successors and assigns, and each other person, if any, who controls such
Investor within the meaning of the 1933 Act, against any losses, claims, damages
or  liabilities,  joint or several,  to which they may become  subject under the
1933 Act or otherwise,  insofar as such losses,  claims,  damages or liabilities
(or actions in respect  thereof)  arise out of or are based upon: (i) any untrue
statement or alleged  untrue  statement of any  material  fact  contained in any
Registration Statement,  any preliminary Prospectus or final Prospectus,  or any
amendment or supplement thereof; (ii) any blue sky application or other document
executed  by the Company  specifically  for that  purpose or based upon  written
information furnished by the Company filed in any state or other jurisdiction in
order to qualify any or all of the Registrable  Securities  under the securities
laws thereof (any such  application,  document or  information  herein  called a
"BLUE SKY APPLICATION"); (iii) the omission or alleged omission to state therein
a  material  fact  required  to be  stated  therein  or  necessary  to make  the
statements  therein not  misleading;  (iv) any  violation  by the Company or its
agents of any rule or regulation  promulgated  under the 1933 Act  applicable to
the Company or its agents and  relating  to action or  inaction  required of the
Company in connection with such registration;  or (v) any failure to register or
qualify the  Registrable  Securities  included in any such  Registration  in any
state where the Company or its agents has affirmatively  undertaken or agreed in
writing that the Company will undertake such  registration or qualification on a
Investors  behalf  and will  reimburse  such  Investor,  and each such  officer,
director  or member  and each  such  controlling  person  for any legal or other
expenses  reasonably  incurred  by  them in  connection  with  investigating  or
defending any such loss, claim, damage, liability or action; PROVIDED,  however,
that the  Company  will not be liable in any such case if and to the extent that
any such  loss,  claim,  damage or  liability  arises out of or is based upon an
untrue  statement or alleged untrue statement or omission or alleged omission so
made in  conformity  with  information  furnished  by such  Investor or any such
controlling  person  in  writing  specifically  for  use  in  such  Registration
Statement or Prospectus.

                                       5
<PAGE>

            (b)   INDEMNIFICATION  BY  THE  INVESTORS.   Each  Investor  agrees,
severally but not jointly, to indemnify and hold harmless, to the fullest extent
permitted by law, the Company, its directors, officers, employees,  stockholders
and each person who  controls  the Company  (within the meaning of the 1933 Act)
against  any  losses,  claims,  damages,   liabilities  and  expense  (including
reasonable attorney fees) resulting from any untrue statement of a material fact
or any  omission of a material  fact  required to be stated in the  Registration
Statement or  Prospectus  or  preliminary  Prospectus or amendment or supplement
thereto or  necessary  to make the  statements  therein not  misleading,  to the
extent,  but only to the  extent  that such  untrue  statement  or  omission  is
contained  in any  information  furnished  in  writing by such  Investor  to the
Company specifically for inclusion in such Registration  Statement or Prospectus
or  amendment  or  supplement  thereto.  In no event shall the  liability  of an
Investor be greater in amount than the dollar amount of the proceeds (net of all
expense  paid by such  Investor in  connection  with any claim  relating to this
Section  6 and the  amount of any  damages  such  Investor  has  otherwise  been
required to pay by reason of such untrue statement or omission) received by such
Investor  upon  the  sale  of  the  Registrable   Securities   included  in  the
Registration Statement giving rise to such indemnification obligation.

            (c) CONDUCT OF INDEMNIFICATION  PROCEEDINGS.  Any person entitled to
indemnification hereunder shall (i) give prompt notice to the indemnifying party
of any claim with respect to which it seeks indemnification and (ii) permit such
indemnifying  party to assume the defense of such claim with counsel  reasonably
satisfactory  to the  indemnified  party;  PROVIDED that any person  entitled to
indemnification hereunder shall have the right to employ separate counsel and to
participate  in the  defense of such  claim,  but the fees and  expenses of such
counsel shall be at the expense of such person unless (a) the indemnifying party
has agreed to pay such fees or  expenses,  or (b) the  indemnifying  party shall
have  failed to assume the defense of such claim and employ  counsel  reasonably
satisfactory  to such  person  or (c) in the  reasonable  judgment  of any  such
person,  based upon written advice of its counsel, a conflict of interest exists
between such person and the  indemnifying  party with respect to such claims (in
which case, if the person notifies the  indemnifying  party in writing that such
person  elects to employ  separate  counsel at the  expense of the  indemnifying
party, the indemnifying  party shall not have the right to assume the defense of
such claim on behalf of such person); and PROVIDED, FURTHER, that the failure of
any  indemnified  party to give notice as provided  herein shall not relieve the
indemnifying party of its obligations hereunder,  except to the extent that such
failure to give notice shall materially  adversely affect the indemnifying party
in the  defense  of any such  claim or  litigation.  It is  understood  that the
indemnifying  party shall not, in  connection  with any  proceeding  in the same
jurisdiction,  be liable for fees or expenses of more than one separate  firm of
attorneys at any time for all such indemnified  parties.  No indemnifying  party
will, except with the consent of the indemnified party,  consent to entry of any
judgment or enter into any settlement that 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.

            (d) CONTRIBUTION. If for any reason the indemnification provided for
in the preceding  paragraphs (a) and (b) is unavailable to an indemnified  party
or insufficient to hold it harmless,  other than as expressly specified therein,
then the  indemnifying  party shall  contribute to the amount paid or payable by
the indemnified  party as a result of such loss,  claim,  damage or liability in
such  proportion  as is  appropriate  to  reflect  the  relative  fault  of  the
indemnified  party and the  indemnifying  party,  as well as any other  relevant
equitable  considerations.  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 not guilty of such fraudulent misrepresentation. In
no event shall the contribution obligation of a holder of Registrable Securities
be greater in amount than the dollar amount of the proceeds (net of all expenses
paid by such holder in connection  with any claim relating to this Section 6 and
the amount of any damages  such  holder has  otherwise  been  required to pay by
reason of such  untrue or  alleged  untrue  statement  or  omission  or  alleged
omission) received by it upon the sale of the Registrable Securities giving rise
to such contribution obligation.

      7. MISCELLANEOUS.

            (a) AMENDMENTS AND WAIVERS.  This Agreement may be amended only by a
writing signed by the Company and the Required Investors,  which amendment shall
be  binding  upon  all  Investors.  The  Company  may  take  any  action  herein
prohibited,  or omit to perform any act herein  required to be  performed by it,
only if the Company shall have obtained the written  consent to such  amendment,
action or omission to act, of the Required

                                       6
<PAGE>

Investors.  The  addition of parties to this  Agreement  or  replacement  of any
parties to this Agreement, in connection with the acquisition by such parties of
any securities shall not require the consent of any Investor.

            (b) NOTICES. Any notices required or permitted to be given under the
terms of this  Agreement  shall be sent by certified or registered  mail (return
receipt requested) or delivered personally or by courier (including a recognized
overnight  delivery  service) or by facsimile  and shall be effective  five days
after being placed in the mail, if mailed by regular United States mail, or upon
receipt, if delivered personally or by courier (including a recognized overnight
delivery  service)  or by  facsimile,  in each case  addressed  to a party.  The
addresses for such communications shall be:

                  If to the Company:

                            Fearless Yachts, LLC
                            9 Gateway Drive
                            Collinsville, Illinois 62234
                            Attention: Gary R. Fears
                            Fax: 618-346-9022

                  With copy to:

                            Hodgson Russ LLP
                            60 East 42nd St., 37th Floor
                            New York, New York 10022
                            Attn.: Jeffrey A. Rinde, Esq.
                            Tel.: 212-661-3535
                            Fax.: 212-972-1677

                  If to an  Investor:  To the  address  set  forth  beside  such
                  Investor's name on SCHEDULE A hereto.

      Each  party  shall  provide  notice  to the other  party of any  change in
address.

            (c) ASSIGNMENTS AND TRANSFERS BY INVESTORS.  A Investor may transfer
or assign,  in whole or from time to time in part,  to one or more  persons  its
rights  hereunder in connection  with the transfer of Registrable  Securities by
such Investor to such person,  provided that such Investor and assignee complies
with all laws applicable  thereto and provides  written notice to the Company of
assignment by the assigning party at the time of such  assignment,  which notice
shall state the name and address of the assignee and  identifying the securities
of the Company as to which the rights in question are being assigned;  PROVIDED,
HOWEVER,  that any such assignee shall agree in writing to be bound by the terms
of this  agreement  and shall receive such  assigned  rights  subject to all the
terms and conditions of this agreement.

            (d) ASSIGNMENTS AND TRANSFERS BY THE COMPANY. This Agreement may not
be assigned by the Company  (whether by operation of law or  otherwise)  without
the prior written consent of the Required Investors, provided, however, that the
Company may assign its rights and delegate its duties hereunder to any surviving
or successor  corporation in connection  with a merger or  consolidation  of the
Company with another  corporation,  or a sale,  transfer or other disposition of
all or substantially all of the Company's assets to another corporation or other
entity,  without the prior  written  consent of the  Required  Investors,  after
notice duly given by the Company to each Investor.

            (e)  BENEFITS OF THE  AGREEMENT.  The terms and  conditions  of this
Agreement  shall  inure to the  benefit  of and be binding  upon the  respective
permitted  successors  and assigns of the  parties.  Nothing in this  Agreement,
express or implied,  is intended to confer upon any party other than the parties
hereto  or  their  respective  successors  and  assigns  any  rights,  remedies,
obligations,  or  liabilities  under or by reason of this  Agreement,  except as
expressly provided in this Agreement.

                                       7
<PAGE>

            (f)  COUNTERPARTS;  FAXES.  This Agreement may be executed in two or
more counterparts,  each of which shall be deemed an original,  but all of which
together shall constitute one and the same  instrument.  This Agreement may also
be executed via facsimile, which shall be deemed an original.

            (g) TITLES AND  SUBTITLES.  The  titles and  subtitles  used in this
Agreement  are  used  for  convenience  only  and  are not to be  considered  in
construing or interpreting this Agreement.

            (h) SEVERABILITY. Any provision of this Agreement that is prohibited
or  unenforceable  in  any  jurisdiction  shall,  as to  such  jurisdiction,  be
ineffective  to the  extent  of such  prohibition  or  unenforceability  without
invalidating the remaining  provisions  hereof but shall be interpreted as if it
were  written  so as to be  enforceable  to  the  maximum  extent  permitted  by
applicable law, and any such prohibition or unenforceability in any jurisdiction
shall  not  invalidate  or  render  unenforceable  such  provision  in any other
jurisdiction.  To the extent  permitted by  applicable  law, the parties  hereby
waive any provision of law which  renders any  provisions  hereof  prohibited or
unenforceable in any respect.

            (i) FURTHER  ASSURANCES.  The parties  shall execute and deliver all
such further  instruments  and  documents and take all such other actions as may
reasonably be required to carry out the transactions  contemplated hereby and to
evidence the fulfillment of the agreements herein contained.

            (j) ENTIRE AGREEMENT. This Agreement is intended by the parties as a
final  expression of their agreement and intended to be a complete and exclusive
statement of the agreement and understanding of the parties hereto in respect of
the  subject  matter  contained  herein.  This  Agreement  supersedes  all prior
agreements and  understandings  between the parties with respect to such subject
matter.

            (k) GOVERNING LAW;  CONSENT TO  JURISDICTION;  WAIVER OF JURY TRIAL.
This  Agreement  shall be governed by, and  construed in  accordance  with,  the
internal  laws of the  State of New York  without  regard  to the  choice of law
principles  thereof.  Each of the  parties  hereto  irrevocably  submits  to the
exclusive  jurisdiction  of the  courts of the State of New York  located in New
York County and the United States  District  Court for the Southern  District of
New York for the purpose of any suit, action, proceeding or judgment relating to
or arising  out of this  Agreement  and the  transactions  contemplated  hereby.
Service of process in connection with any such suit, action or proceeding may be
served on each party  hereto  anywhere  in the world by the same  methods as are
specified  for the giving of notices under this  Agreement.  Each of the parties
hereto  irrevocably  consents to the  jurisdiction of any such court in any such
suit,  action or proceeding and to the laying of venue in such court. Each party
hereto irrevocably waives any objection to the laying of venue of any such suit,
action or  proceeding  brought in such courts and  irrevocably  waives any claim
that any such  suit,  action or  proceeding  brought  in any such court has been
brought in an inconvenient forum. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO
REQUEST A TRIAL BY JURY IN ANY  LITIGATION  WITH RESPECT TO THIS  AGREEMENT  AND
REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

                                       8
<PAGE>

      IN WITNESS  WHEREOF,  the parties have executed  this  Agreement or caused
their duly  authorized  officers to execute this  Agreement as of the date first
above written.

The Company:                              FEARLESS YACHTS, LLC

                                          By:___________________________________
                                               Gary R. Fears, Manager

The Investors:                            SIGNATURE OF ENTITY INVESTORS:

                                          ______________________________________
                                                      (Print Name)

                                          By:___________________________________
                                          Name:
                                          Title:

                                          SIGNATURE OF INDIVIDUAL INVESTORS:

                                          ______________________________________
                                                      (Print Name)

                                          ______________________________________
                                                      (Signature)

                                       9
<PAGE>

                                   SCHEDULE A

                                       10

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