Document:

Convertible
      Note

    

    THIS
      NOTE
      AND THE SECURITIES ISSUABLE UPON ITS CONVERSION HAVE NOT BEEN REGISTERED UNDER
      THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES LAWS. NEITHER THIS NOTE
      NOR
      THE SECURITIES ISSUABLE UPON ITS CONVERSION MAY BE SOLD OR OFFERED FOR SALE
      IN
      THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT AND ANY
      APPLICABLE STATE SECURITIES LAWS OR THE AVAILABILITY OF AN EXEMPTION FROM
      REGISTRATION UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES
      LAWS.

    

    Titan
      Holdings, Inc.

    

    Dated:
      August 1, 2005

    

    For
      value
      received Titan Holdings, Inc., a corporation organized and existing under the
      laws of the State of Maryland and having its principal place of business at
      421
      East Cook Road, Suite 200, Fort Wayne, Indiana 46825 (the “Company”), hereby
      promises to pay to Brian Kistler (“Payee”), or registered assigns, on the
      Maturity Date the principal amount outstanding pursuant to the "Grid" attached
      hereto and made a part hereof, or such part thereof as then remains unpaid,
      and
      to the extent permitted by applicable law, interest on any overdue principal,
      at
      a rate equal to the lesser of (a) 6% per annum or (b) the highest rate allowed
      by applicable law, with such interest on overdue principal accruing from the
      date such principal became due by reason of maturity, acceleration or
      otherwise.

    

    Principal
      (and interest, if any) shall be payable in lawful money of the United States
      of
      America, at the principal office of Payee or at such other place as the legal
      holder may designate from time to time in writing to the Company. Interest,
      if
      any, shall be computed on the basis of a 360-day year and a 30-day
      month.

    

    ARTICLE
      I

    DEFINITIONS

    

    For
      all
      purposes of this Note, the following terms shall have the meanings
      indicated:

    

    “Commission”
      shall mean the Securities and Exchange Commission or any other federal agency
      at
      the time administering the Securities Act.

    

    “Common
      Stock” shall mean and include the Company's authorized Common Stock, par value
      $0.001 per share, as constituted at the date hereof, and shall also include
      any
      capital stock of any class or series of the Company hereafter authorized which
      shall not be limited to a fixed sum or percentage of par value in respect of
      the
      rights of the holders thereof to participate in dividends and/or in the
      distribution of assets upon the voluntary or involuntary liquidation,
      dissolution or winding up of the Company. In the event the Company authorizes
      one or more classes or series of capital stock qualifying as "Common Stock"
      for
      purposes of the foregoing definition, in addition to the class of authorized
      capital stock denominated as "Common Stock" in the Company's Certificate of
      Incorporation as of the date hereof, the Holder shall have the right to
      designate, at each time it exercises its rights under this Note, the class
      or
      series of authorized capital it elects to purchase in satisfaction of its rights
      under this note.

    

    
      
         

      

      
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    “Conversion
      Price” shall have the meaning set forth in Article IV.

    

    “Current
      Market Price” shall have the meaning set forth in Section 5.2
      (vii).

    

    “Holder”
      shall mean a registered holder of a Note and shall, solely for the purposes
      of
      Article 9 hereof, mean the holder of Registerable Securities.

    

    “Maturity
      Date” shall mean December 31, 2007.

    

    “Note’
      shall mean this Convertible Note, or any replacement note representing all
      or a
      portion of the principal amount of this Convertible Note.

    

    “Other
      Shareholders” shall mean holders of securities of the Company who are entitled
      by contract with the Company or who are permitted by the Company to have
      securities included in a registration of the Company's securities.

    

    “Register”,
      “Registered” and “Registration” shall refer to a registration effected by
      preparing and filing a registration statement in compliance with the Securities
      Act and applicable rules and regulations thereunder, and the effectiveness
      of
      such registration statement.

    

    “Registration
      Expenses” shall mean all expenses incurred by the Company in compliance with
      Article 9 hereof, including, without limitation, all registration and filing
      fees, printing expenses, fees and disbursements of counsel for the Company,
      blue
      sky fees and expenses, and the expense of any special audits incident to or
      required by any such registration (but excluding the compensation of regular
      employees of the Company, which shall be paid in any event by the
      Company).

    

    “Registerable
      Securities” shall mean the Shares not theretofore sold to the
      public.

    

    “Securities
      Act” shall mean the Securities Act of 1933, as amended.

    

    “Selling
      Expenses” shall mean all underwriting discounts and selling commissions
      applicable to the sale of Registerable Securities, all fees and disbursements
      of
      counsel for any Holder and any blue-sky fees and expenses excluded from the
      definition of "Registration Expenses."

    

    “Shares
      of Common Stock” purchased or purchasable by a Holder of a Note upon the
      exercise thereof.

    

    “Term
      of
      this Note” shall mean the period beginning on the date of initial issuance
      hereof and ending on the Maturity Date.

    

    

    
      
         

      

      
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    ARTICLE
      2

    PAYMENT

    

    2.1 Payment.
      The entire amount of this Note then outstanding and not previously converted
      into Common Stock shall be payable in full, together with any and all accrued
      interest thereon, on the Maturity Date.

    

    2.2 Optional
      Prepayment. The Company shall have the right to prepay the outstanding principal
      balance of this Note in whole or in part, at any time without premium or
      penalty, provided that any prepayment in whole of this Note must be accompanied
      by payment in full of any and all accrued interest thereon to the date of
      prepayment. Prepayments shall be applied first to accrued interest on this
      Note,
      and then to the outstanding principal balance.

    

    2.3 Payment
      on Non-Business Days. Whenever any payment to be made shall be due on a
      Saturday, Sunday or a date on which banks in the State of Indiana are authorized
      or required to be closed, such payment may be made on the next succeeding
      business day.

    

    ARTICLE
      3

    REGISTRATION,
      EXCHANGE, REPLACEMENT

    

    3.1
      Registration, etc. The Company shall maintain at its principal office a register
      and shall record therein the names and addresses of the registered Holders
      of
      this Note, the address to which notices are to be sent and the address to which
      payments are to be made as designated by the registered Holder if other than
      the
      address of the Holder, and the particulars of all transfers, exchanges and
      replacements of Notes. No transfer of this Note shall be valid unless the
      registered Holder or the executors or administrators or the duly appointed
      attorney of such Holder requests such transfer to be made on such register,
      upon
      surrender therefor for exchange as hereinafter provided, accompanied by an
      instrument in writing, duly executed in form as set forth in the forms of
      assignment attached hereto. Any replacement, transfer or subdivision of this
      Note shall be registered on the date of execution by the Company. The registered
      Holder of this Note shall be that person in whose name the Note has been so
      registered by the Company. A registered Holder shall be deemed the owner of
      the
      Note for all purposes and, subject to the provisions hereof and thereof, shall
      be entitled to the principal, premium, if any, and interest evidenced by such
      Note free from all equities or rights of setoff or counterclaim between the
      Company and the transferor of such registered Holder or any previous registered
      Holder of such Note or any unregistered transferee or assignee.

    

    3.2 Transfer
      and Exchange. The registered Holder of this Note may, prior to maturity or
      acceleration thereof, surrender such Note at the principal office of the Company
      for transfer or exchange. Within a reasonable time after notice to the Company
      from a registered Holder of its intention to make such exchange and without
      expense (other than transfer taxes, if any) to such registered Holder, the
      Company shall issue in exchange therefor another Note or Notes for the same
      aggregate principal amount as the unpaid principal balance of the Note so
      surrendered having the same maturity and rate of interest, containing the same
      provisions and subject to the same terms and conditions as the Note so
      surrendered. Each new Note shall be made payable to such person or persons,
      or
      registered assigns as the registered Holder of such surrendered Note may
      designate, and such transfer or exchange shall be made in such a manner that
      no
      gain or loss of principal or interest shall result therefrom.

    

    
      
         

      

      
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    3.3 Replacement.
      Upon receipt of evidence satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Note and, if requested, in the case of any
      such loss, theft or destruction, upon delivery of an indemnity agreement or
      security reasonably satisfactory to the Company, or, in the case of any such
      mutilation, upon surrender and cancellation of such Note, the Company will
      issue
      a new Note, in the amount of the unpaid principal balance of the lost, stolen,
      destroyed or mutilated Note and dated the date to which interest has been paid,
      in lieu of such lost, stolen, destroyed or mutilated Note.

    

    ARTICLE
      4

    CONVERSION

    

    4.1 Voluntary
      Conversion. Any Holder of this Note has the right, at the Holder's option,
      at
      any time prior to payment in full of the principal balance of this Note, to
      convert this Note, in accordance with the provisions of Section 4.2, in whole
      for the amount then outstanding, into full, paid and nonassessable shares of
      Common Stock of the Company. The number of shares of Common Stock into which
      this Note may be converted (Shares) shall be determined by dividing the
      aggregate principal amount, together with accrued interest to the date of
      conversion, if any, by the Conversion Price (as defined below) in effect at
      the
      time of such conversion. The initial Conversion Price shall be equal to
      $1.

    

    4.2 Conversion
      Procedure.

    

    4.2.1. Notice
      of
      Conversion Pursuant to Section 4.1. Before the Holder shall be entitled to
      convert this Note into Shares of Common Stock, it shall surrender this Note
      at
      the office of the Company and shall give written notice by mail, postage
      prepaid, to the Company at its principal corporate office, of the election
      to
      covert the same, if the Holder is electing to convert pursuant to section 4.1,
      and shall state therein the name or names in which the certificate or
      certificates for Shares of Common Stock to which the Holder of this Note shall
      be entitled. Such conversion shall be deemed to have been made immediately
      prior
      to the close of business on the date of such surrender of this Note, and the
      person or persons entitled to receive the Shares of Common Stock issuable upon
      such conversion shall be treated for all purposes as the record holder or holder
      of such Shares of Common Stock as of such date.

    

    4.3 Delivery
      of Stock Certificates. As promptly as practicable after the conversion of this
      Note, the Company, at its expense, will issue and deliver to the Holder of
      this
      Note a certificate for the number of full Shares of Common Stock issuable upon
      such conversion.

    

    4.4 Mechanics
      and Effect of Conversion. Fractional shares shall not be issued upon the
      conversion of this Note but in any case where the Holder would otherwise be
      entitled under the terms hereof to receive a fractional share upon the complete
      conversion of this Note, the Company shall, upon the conversion of this Note
      for
      the largest number of whole shares then called for, pay a sum in cash equal
      to
      the excess of the value of such fractional share (determined in such reasonable
      manner as may be prescribed in good faith by the Board of Directors of the
      Company) over the Conversion Price for such fractional share. Upon the
      conversion of this Note pursuant to Section 4.1 above, the Holder shall
      surrender this Note, duly endorsed, to the principal office of the Company.
      At
      its expense, the Company shall, as soon as practicable thereafter, issue and
      deliver to such Holder at such principal office a certificate or certificates
      for the number of Shares of such Common Stock to which the Holder shall be
      entitled upon such conversion (bearing such legends as are required by the
      this
      Note and applicable state and federal securities laws in the opinion of counsel
      to the Company), together with any other securities and property to which the
      Holder is entitled upon such conversion under the terms of this Note, including
      a check payable to the Holder for any cash amounts payable as described above.
      In the event of any conversion of this Note pursuant to Section 4.1 above,
      such
      conversion shall be deemed to have been made immediately prior to the closing
      of
      the issuance and sale of such Stock and on and after such date the Holder of
      this Note entitled to receive the Shares of such Common Stock issuable upon
      such
      conversion shall be treated for all purpose as the record Holder of such Shares,
      the Company shall be forever released from all its obligations and liabilities
      under this Note, except that the Company shall be obligated to pay the Holder
      within thirty (30) days after the date of such conversion, any interest accrued
      and unpaid to and including the date of such conversion, and no
      more.

    

    
      
         

      

      
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    ARTICLE
      5

    ANTIDILUTION
      PROVISIONS

    

    5.1 Adjustment
      of Number of Shares. Upon each adjustment of the Conversion Price as provided
      in
      Section 5.2, the Holder shall thereafter be entitled to purchase, at the
      Conversion Price resulting from such adjustment, the number of shares
      (calculated to the nearest tenth of a share) obtained by multiplying the
      Conversion Price in effect immediately prior to such adjustment by the number
      of
      shares purchasable pursuant hereto immediately prior to such adjustment and
      dividing the product thereof by the Conversion Price resulting from such
      adjustment.

    

    5.2 Adjustment
      of the Conversion Price. The Conversion Price shall be subject to adjustment
      from time to time as follows:

    

    (i) If
      the
      Company shall at any time or from time to time during the Term of this Note
      issue shares of Common Stock other than Excluded Stock (as hereinafter defined)
      without consideration or for a consideration per share less than the Conversion
      Price in effect immediately prior to the issuance of such Common Stock, the
      Conversion Price in effect immediately prior to each such issuance or adjustment
      shall forthwith (except as provided in this clause (i)) be adjusted to a price
      equal to the consideration per share for which such additional shares of Common
      Stock are so issued.

    

    
      
         

      

      
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    For
      the
      purposes of any adjustment of the Conversion Price pursuant to this clause
      (i),
      the following provisions shall be applicable:

    

    1. In
      the
      case of the issuance of Common Stock for cash, the consideration shall be deemed
      to be the amount of cash paid therefor after deducting therefrom any discounts,
      commissions or other expenses allowed, paid or incurred by the Company for
      any
      underwriting or otherwise in connection with the issuance and sale
      thereof.

    

    2. In
      the
      case of the issuance of Common Stock for a consideration in whole or in part
      other than cash, the consideration other than cash shall be deemed to be the
      fair market value thereof as determined by the Board of Directors of the
      Company, irrespective of any accounting treatment; provided, however, that
      such
      fair market value as determined by the Board of Directors, together with any
      cash consideration being paid, shall not exceed the aggregate Current Market
      Price (as hereinafter defined) of the shares of Common Stock being
      issued.

    

    3. In
      the
      case of the issuance of: (i) options to purchase or rights to subscribe for
      Common Stock, (ii) securities by their terms convertible into or exchangeable
      for Common Stock, or (iii) options to purchase or rights to subscribe for such
      convertible or exchangeable securities:

    

    (A) The
      aggregate maximum number of shares of Common Stock deliverable upon exercise
      of
      such options to purchase or rights to subscribe for Common Stock shall be deemed
      to have been issued at the time such options or rights were issued and for
      a
      consideration equal to the consideration (determined in the manner provided
      in
      subdivisions (1) and (2) above with the proviso in subdivision (2) being applied
      to the number of shares of Common Stock deliverable upon such exercise), if
      any,
      received by the Company upon the issuance of such options or rights plus the
      minimum purchase price provided in such options or rights for the Common Stock
      covered thereby;

    

    (B) The
      aggregate maximum number of shares of Common Stock deliverable upon conversion
      of, or in exchange for, any such convertible or exchangeable securities, or
      upon
      the exercise of options to purchase or rights to subscribe for such convertible
      or exchangeable securities and subsequent conversions or exchanges thereof,
      shall be deemed to have been issued at the time such securities were issued,
      or
      such options or rights were issued, and for a consideration equal to the
      consideration received by the Company for any such securities and related
      options or rights (excluding any cash received on account of accrued interest
      or
      accrued dividends), plus the additional consideration, if any, to be received
      by
      the Company upon the conversion or exchange of such securities or the exercise
      of any related options (the consideration in each case to be determined in
      the
      manner provided in subdivisions (1) and (2) above with the proviso in
      subdivision (2) being applied to the number of shares of Common Stock
      deliverable upon such conversion, exchange or exercise);

    

    (C) On
      any
      change in the number of shares of Common Stock deliverable upon exercise of
      any
      such options or rights or conversion of or exchange for such convertible or
      exchangeable securities, other than a change resulting from antidilution
      provisions thereof, the Conversion Price shall forthwith be readjusted to such
      Conversion Price as would have resulted had the adjustment made upon the
      issuance of such options or rights related to such securities not converted
      prior to such change being made upon the basis of such change; and 

    

    
      
         

      

      
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    (D) On
      the
      expiration of any such options or rights, the termination of any such rights
      to
      convert or exchange, or the expiration of any options or rights, related to
      such
      convertible or exchangeable securities, the Conversion Price shall forthwith
      be
      readjusted to such Conversion Price as would have resulted had the adjustment
      it
      made upon the issuance of such options, rights, securities or options or rights
      related to such securities being made upon the basis of the issuance of only
      the
      number of shares of Common Stock actually issued upon the conversion or exchange
      of such securities or upon the exercise of the options or rights related to
      such
      securities.

    

    (ii) "Excluded
      Stock" shall mean shares of Common Stock issued by the Company as a stock
      dividend payable in shares of Common Stock or upon any subdivision or split-up
      of the outstanding shares of Common Stock.

    

    (iii) If,
      at
      any time during the Term of this Note, the number of shares of Common Stock
      outstanding is increased by a stock dividend payable in shares of Common Stock
      or by a subdivision or split-up of shares of Common Stock, then following the
      record date fixed for the determination of holders of Common Stock entitled
      to
      receive such stock dividend, subdivision or split-up, the Conversion Price
      shall
      be appropriately decreased so that the number of shares of Common Stock issuable
      upon the exercise hereof shall be increased in proportion to such increase
      in
      outstanding shares.

    

    (iv) If,
      at
      any time during the Term of this Note, the number of shares of Common Stock
      outstanding is decreased by a combination of the outstanding shares of Common
      Stock, then, following the record date for such combination, the Conversion
      Price shall appropriately increase so that the number of shares of common Stock
      issuable upon the exercise hereof shall be decreased in proportion to such
      decrease in outstanding shares.

    

    (v) Without
      limiting any prohibitions on such issuance elsewhere contained in this Note,
      in
      case at any time during the Term of this Note the Company shall: (i) declare
      a
      cash dividend upon its Common Stock payable otherwise than out of earnings
      or
      earned surplus, or (ii) shall distribute to holders of its Common Stock shares
      of its capital stock (other than Common Stock), stock or other securities of
      other persons, evidences of indebtedness issued by the Company or other persons'
      assets (excluding cash dividends and distributions) or options or rights
      (excluding options to purchase and rights to subscribe for Common Stock or
      other
      securities of the Company convertible into or exchangeable for Common Stock),
      then, in each such case, immediately following the record date fixed for the
      determination of the holders of Common Stock entitled to receive such dividend
      or distribution, the Conversion Price in effect thereafter shall be determined
      by multiplying the Conversion Price in effect immediately prior to such record
      date by a fraction of which the numerator shall be an amount equal to the
      difference of (x) the Current Market Price of one share of Common Stock minus
      (y) the fair market value (as determined by the Board of Directors of the
      Company, whose determination shall be conclusive) of the stock, securities,
      evidences of indebtedness, assets, options or rights so distributed in respect
      of one share of Common Stock and of which the denominator shall be such Current
      Market Price.

    

    
      
         

      

      
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    (vi) All
      calculations under this Article 5 shall be made to the nearest cent or to the
      nearest one tenth (1/10) of a share, as the case may be.

    

    (vii)
      For
      the purpose of any computation pursuant to this Article 5, the Current Market
      Price at any date of one share of Common Stock shall be deemed to be the average
      of the daily closing prices for the twenty (20) consecutive business days ending
      no more than three (3) business days before the day in question (as adjusted
      for
      any stock dividend, split, combination or reclassification that took effect
      during such 20-business day period). The closing price for each day shall be
      the
      last reported sales price or, in case no such reported sales took place on
      such
      day, the average of the last reported bid and asked prices, in either case
      on
      the principal national securities exchange in which the Common Stock is listed
      or admitted to trading (or if the Common Stock is not at the time listed or
      admitted for trading on any such exchange, then such price as shall be equal
      to
      the average of the last reported bid and asked prices, as reported by the
      National Association of Securities Dealers Automated Quotations System (NASDAQ)
      on such day, or if, on any day in question the security shall not be quoted
      on
      the NASDAQ, then such price shall be equal to the average of the last reported
      bid and asked prices on such day as reported by The National Quotation Bureau
      Incorporated, or any similar reputable quotation and reporting service if such
      quotation is not reported by The National Quotation Bureau Incorporated;
      provided, however, that if the Common Stock is not traded in such manner that
      the quotations referred to in this clause (vii) are available for the period
      required hereunder, the Current Market Price shall, if the Payee consents,
      be
      determined in good faith by the Board of Directors of the Company or, if the
      Payee does not so consent or if such determination cannot be made, by a
      nationally recognized independent investment banking firm selected by the Board
      of Directors of the Company (or if such selection cannot be made, by a
      nationally recognized independent investment banking firm selected by the
      American Arbitration Association in accordance with its rules).

    

    (viii) Whenever
      the Conversion Price shall be adjusted as provided in this Article 5, the
      Company shall prepare a statement showing the facts requiring such adjustment
      and the Conversion Price that shall be in effect after such adjustment. The
      Company shall cause a copy of such statement to be sent by mail, first class
      postage prepaid, to each Holder of this Note at the address appearing on the
      Company's records. Where appropriate, such copy may be given in advance and
      may
      be included as part of the notice required to be mailed under the provisions
      of
      subsection (X) of this Article 5.

    

    (ix) Adjustments
      made pursuant to clauses (iii), (iv) and (v) above shall be made on the date
      such dividend, subdivision, split-up, combination or distribution, as the case
      may be, is made, and shall become effective at the opening of business on the
      business day next following the record date for the determination of
      stockholders entitled to such dividend, subdivision, split-up, combination
      or
      distribution.

    

    
      
         

      

      
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    (x) In
      the
      event the Company shall propose to take any action of the types described in
      clauses (iii), (iv), or (v) of this Article 5, the Company shall forward, at
      the
      same time and in the same manner, to the Holder of this Note such notice, if
      any, which the Company shall give to the holders of capital stock of the
      Company.

    

    (xi) In
      any
      case in which the provisions of this Article 5 shall require that an adjustment
      shall become effective immediately after a record date for an event, until
      the
      occurrence of such event, the Company may defer issuing to the Holder of all
      or
      any part of this Note which is exercised after such record date and before
      the
      occurrence of such event, the additional shares of capital stock issuable upon
      such exercise by reason of the adjustment required by such event over and above
      the shares of capital stock issuable upon such exercise before giving effect
      to
      such adjustment exercise; provided, however, that the Company shall deliver
      to
      such Holder a due bill or other appropriate instrument evidencing such Holder's
      right to receive such additional shares upon the occurrence of the event
      requiring such adjustment.

    

    (xii) The
      sale
      or other disposition of any Common Stock theretofore held in the treasury of
      the
      Company shall be deemed to be an issuance thereof.

    

    ARTICLE
      6

    MERGERS,
      CONSOLIDATION, SALES

    

    In
      the
      case of any proposed consolidation or merger of the Company with another entity,
      or the proposed sale of all or substantially all of its assets to another person
      or entity, or any proposed reorganization or reclassification of the capital
      stock of the Company, then, as a condition of such consolidation, merger, sale,
      reorganization or reclassification, lawful and adequate provision shall be
      made
      whereby the Holder of this Note shall thereafter have the right to receive,
      upon
      the basis and upon the terms and conditions specified herein, in lieu of the
      shares of the Common Stock of the Company immediately theretofore purchasable
      hereunder, such shares of stock, securities or assets as may (by virtue of
      such
      consolidation, merger, sale, reorganization or reclassification) be issued
      or
      payable with respect to or in exchange for the number of Shares of such Common
      Stock purchasable hereunder immediately before such consolidation, merger,
      sale,
      reorganization or reclassification. In any such case, appropriate provision
      shall be made with respect to the rights and interests of the Holder of this
      Note to the end that the provisions hereof shall thereafter be applicable as
      nearly as may be in relation to any Shares, securities or assets thereafter
      deliverable upon the exercise of this Note. The Company shall not effect any
      such consolidation, merger or sale unless: (I) either (A) the Holder shall
      have
      given its written consent thereto, or (B) the other party to the consolidation,
      merger or sale is not controlled by, does not control, and is not under common
      control with, the Company and the transaction is not being undertaken with
      the
      purpose of diminishing, defeating or avoiding the Holder's rights hereunder,
      and
      (ii) prior to or simultaneously with the consummation thereof the successor
      corporation or purchaser, as the case may be, shall assume, by written
      instrument, the obligation to deliver to the Holder such Shares, securities
      or
      assets as, in accordance with the foregoing provisions, the Holder is entitled
      to receive.

    

    
      
         

      

      
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    ARTICLE
      7

    NOTICE
      OF
      DISSOLUTION OR LIQUIDATION

    

    In
      case
      of any distribution of the assets of the Company in dissolution or liquidation
      (except under circumstances when the foregoing Article 6 shall be applicable),
      the Company shall give notice thereof to the Holder hereof and shall make no
      distribution to shareholders until the expiration of thirty (30) days from
      the
      date of mailing of the aforesaid notice and, in any case, the Holder hereof
      may
      convert this Note within thirty (30) days from the date of the giving of such
      notice and all rights herein granted not so exercised within such thirty (30)
      day period shall thereafter become null and void.

    

    ARTICLE
      8

    NOTICE
      OF
      EXTRAORDINARY DIVIDENDS

    

    Without
      limiting other provisions of this Note regarding dividends and distribution,
      if
      the Board of Directors of the Company shall declare any dividend or other
      distribution on its Common Stock except out of earned surplus or by way of
      a
      stock dividend payable in shares of its Common Stock the Company shall mail
      notice thereof to the Holder hereof not less than five (5) days prior to the
      record date fixed for determining shareholders entitled to participate in such
      dividend or other distribution, and the Holder hereof shall not participate
      in
      such dividend or other distribution unless this Note is converted prior to
      such
      record date. The provisions of this Article 8 shall not apply to distributions
      made in connection with transactions covered by Article 7.

    

    ARTICLE
      9

    REGISTRATION
      RIGHTS, ETC.

    

    9.1 Company
      Registration.

    

    (a) Notice
      of
      Registration. If the Company shall determine to register any of its securities
      either for its own account or the account of a security holder or holders,
      other
      than a registration relating solely to employee benefit plans, or a registration
      relating solely to a Commission Rule 145 transaction, or a registration on
      any
      registration form which does not permit secondary sales, the Company
      will:

    

    (i) Promptly
      give to each Holder written notice thereof (which shall include a list of the
      jurisdictions in which the Company intends to attempt to qualify such securities
      under the other state securities.

    

    (ii) Include
      in such registration (and any related qualification under blue sky laws or
      other
      compliance), and in any, underwriting involved therein, all the Registerable
      Securities specified in a written request or requests, made by any Holder within
      fifteen (15) days after receipt of the written notice from the Company described
      in clause (i) above, subject to any limitations on the number of shares as
      set
      forth in Section 9.1(b) below.

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    (b) Underwriting.
      If the registration of which the Company gives notice is for a registered public
      offering involving an underwriting, the Company shall so advise the Holders
      as
      part of the written notice given pursuant to Section 9.1(a)(i). In such event,
      the right of any Holder to registration pursuant to Section 9.1 shall be
      conditioned upon such Holders participation in such underwriting and the
      inclusion of such Holder's Registerable Securities in the underwriting to the
      extent provided herein. All Holders proposing to distribute their securities
      through such underwriting shall (together with the Company, directors and
      officers and the Other Shareholders distributing their securities through such
      underwriting) enter into an underwriting agreement in customary form with the
      underwriter or underwriters selected for underwriting by the
      Company.

    

    Notwithstanding
      any other provision of this Section 9.1, if the underwriter determines that
      marketing factors require a limitation on the number of shares to be
      underwritten, the underwriter may (subject to the allocation priority set forth
      below) exclude from such registration and underwriting some or all of the
      Registerable Securities which would otherwise be underwritten. The Company
      shall
      so advise all holders of securities requesting registration, and the number
      of
      shares of securities that are entitled to be included in the registration and
      underwriting shall be allocated in the following manner. The number of shares
      that may be included in the registration and underwriting on behalf of such
      Holders, directors and officers and Other Shareholders shall be allocated among
      such Holders, directors and officers and Other Shareholders in proportion,
      as
      nearly as practicable, to the respective amounts of Registerable Securities
      and
      other securities which they had requested to be included in such registration
      at
      the time of filing the registration statement.

    

    If
      any
      Holder of Registerable Securities or any officer, director or Other Shareholder
      disapproves of the terms of any such underwriting, he may elect to withdraw
      therefrom by written notice to the Company and the underwriter. Any Registerable
      Securities or other securities excluded or withdrawn from such underwriting
      shall be withdrawn from such registration.

    

    9.2 Registration
      Rights. In the event that the Company grants registration rights, including
      demand registration rights, to any other holder of securities of the Company,
      the Company will promptly give to the Holder written notice thereof and, if,
      in
      the opinion of the Holder such registration rights are more favorable than
      the
      registration rights provided under this Note, the Holder shall so notify the
      Company within fifteen (15) days of receipt of the foregoing notice from the
      Company, whereupon such registration rights shall automatically be deemed to
      be
      incorporated in this Note. All registration rights granted to the Holder under
      the terms of this Agreement shall survive any exercise by the Holder of the
      conversion rights granted under Section 4.1 hereof.

    

    9.3 Expenses
      of Registration. The Company shall bear all Registration Expenses incurred
      in
      connection with any registration, qualification and compliance by the Company
      pursuant to Section 9.1 hereof. All Selling Expenses shall be borne by the
      holders of the securities so registered pro rata on the basis of the number
      of
      their shares so registered.

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    9.4 Registration
      Procedures. In case of each registration affected by the Company pursuant to
      this Article 9, the Company will keep each Holder advised in writing as to
      the
      initiation of each registration and as to the completion thereof. The Company
      will, at its expense:

    

    (a) Keep
      such
      registration effective for a period of ninety (90) days or until the Holder
      or
      Holders have completed the distribution described in the registration statement
      relating thereto, whichever first occurs;

    

    (b) Furnish
      such number of prospectuses and other documents incident thereto as a Holder
      from time to time may reasonably request; and

    

    (c) Use
      its
      best efforts to register or qualify the Registerable Securities under the
      securities laws or blue-sky laws of such jurisdictions as any Holder may
      request; provided, however, that the Company shall not be obligated to register
      or qualify such Registerable Securities in any particular jurisdiction in which
      the Company would be required to execute a general consent to service of process
      in order to effect such registration, qualification or compliance, unless the
      Company is already subject to service in such jurisdiction and except as may
      be
      required by the Securities Act or applicable rules or regulation,
      thereunder.

    

    9.5 Indemnification.

    

    (a) The
      Company, with respect to each registration, qualification and compliance
      effected pursuant to this Article 9, will indemnify and hold harmless each
      Holder, each of its officers, directors, partners, and agents and each party
      controlling such Holder, and each underwriter, if any, and each party who
      controls any underwriter, against all claims, losses, damages and liabilities
      (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 prospectus,
      offering circular or other document (including any related registration
      statement, notification or the like) 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 not misleading, or any violation by the Company of the
      Securities Act or any rule or regulation thereunder applicable to the Company
      and relating to action or inaction required of the Company in connection with
      any such registration, qualification or compliance, and will reimburse each
      such
      Holder, each of its officer, directors, partners, and agents, and each party
      controlling such Holder, each such underwriter and each party who controls
      any
      such underwriter, for any legal and any other expenses incurred in connection
      with investigating or defending any such claim, loss, damage, liability or
      action, provided that the Company will not be able 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 based solely upon written
      information furnished to the Company by such Holder or underwriter, as the
      case
      may be, and stated to be specifically for use in any prospectus, offering
      circular or other document (including any related registration statement,
      notification or the like) incident to any such registration, qualification
      or
      compliance.

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    (b) Each
      Holder and Other Shareholder will, if Registerable Securities held by him are
      included in the securities as to which such registration, qualification or
      compliance is being effected, indemnify and hold harmless the Company, each
      of
      its directors and officers and each underwriter, if any, of the Company's
      securities covered by such a registration statement, each party who controls
      the
      Company or such underwriter, each other such Holder and other Shareholder and
      each of their respective officers, directors, partners, and agents, and each
      party controlling such Holder or Other Shareholder, against all claims, losses,
      damages and liabilities (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, prospectus, offering circular
      or
      other document, or any omission (or alleged omission) to state therein a
      material fact required to be stated therein or necessary to make the statements
      therein not misleading, and will reimburse the Company and such Holders, Other
      Shareholders, directors, officers, partners, agents, parties, underwriters
      or
      control persons for any legal or any other expenses reasonably 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, prospectus, offering circular
      or other document solely in reliance upon and in conformity with written
      information furnished to the Company by such Holder or Other Shareholder and
      stated to be specifically for use in any prospectus, offering circular or other
      document (including any related registration statement, notification or the
      like) incident to any such registration, qualification or compliance; provided,
      however, that the obligations of such Holders and Other Shareholders hereunder
      shall be limited to an amount equal to the proceeds to each such Holder or
      Other
      shareholder of securities sold as contemplated herein.

    

    (c) Each
      party entitled to indemnification under this Section 9.5 (Indemnified Party)
      shall give notice to the party required to provide indemnification (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 claim or any litigation resulting therefrom,
      provided that counsel for the Indemnifying Party, who shall conduct the defense
      of such claim or any litigation resulting therefrom, shall be approved by the
      Indemnified Party (whose approval shall not unreasonably be withheld), and
      the
      Indemnified Party may participate in such defense at such party's expense
      (unless the Indemnified Party shall have been advised by counsel that actual
      or
      potential differing interests or defenses exist or may exist between the
      Indemnifying Party and the Indemnified Party, in which case such expense shall
      be paid by the Indemnifying Party), 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 under this Article 9. 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 to such claim or litigation. Each Indemnified Party
      shall provide such information as may be reasonably requested by an Indemnifying
      Party in order to enable such Indemnifying Party to defend a claim as to which
      indemnity is sought.

    

    9.6 Information
      by Holder. Each Holder of Registerable Securities, and each other Shareholder
      holding securities included in any registration, shall furnish to the Company
      such information regarding such Holder or Other Shareholder as the Company
      may
      reasonably request in writing and as shall be reasonably required in connection
      with any registration, qualification or compliance referred to in this Article
      9.

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    9.7 Rule
      144
      Reporting. With a view to making available the benefits of certain rules and
      regulations of the Commission that may permit the sale of the Registerable
      Securities to the public without registration, the Company agrees
      to:

    

    (a) Make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144 under the securities Act, at all times from and after ninety (90)
      days
      following the effective date of the first registration under the Securities
      Act
      filed by the Company for an offering of its securities to the general
      public;

    

    (b) File
      with
      the Commission in a timely manner all reports and other documents required
      of
      the Company under the Securities Act and the Securities Exchange Act of 1934,
      as
      amended (Exchange Act) at any time after it has become subject to such reporting
      requirements; and

    

    (c) So
      long
      as the Holder owns any Registerable Securities, furnish to the Holder forthwith
      upon request a written statement by the Company as to its compliance with the
      reporting requirements of Rule 144 (at any time from and after 365 days
      following the effective date of the first registration statement in connection
      with an offering of its Securities to the general public), and of the Securities
      Act and the Exchange Act (at any time after it has become subject to such
      reporting requirements), a copy of the most recent annual or quarterly report
      of
      the Company, and such other reports and documents so filed as the Holder may
      reasonably request in availing itself of any rule or Holder to sell any such
      regulation of the Commission allowing securities without
      registration.

    

    9.8 Lock-Up.
      Any Registerable Shares that are actually registered pursuant to this ARTICLE
      9
      shall not be traded until one (1) year from the closing date of the registration
      statement including the Registerable Shares. Such shares shall contain the
      following legend:

    

    "The
      shares represented by this certificate are subject to a lock-up restriction
      as
      set forth in a Convertible Note dated August 1, 2005, and may not be sold or
      transferred in the absence of compliance therewith."

    

    ARTICLE
      10

    NO
      RIGHTS
      AS STOCKHOLDER; LIMITATION OF LIABILITY

    

    This
      Note
      shall not, except upon its conversion into Common Stock, entitle the Holder
      to
      any of the rights of a shareholder of the Company. No provision hereof, in
      the
      absence of affirmative action by the Holder to purchase shares of Common Stock,
      and no mere enumeration herein of the rights or privileges of the Holder, shall
      give rise to any liability of the Holder for the Conversion Price hereunder
      or
      as a shareholder of the Company, whether such liability is asserted by the
      Company or by creditors of the Company.

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    ARTICLE
      11

    COVENANTS
      OF THE COMPANY

    

    11.1 Transfer
      Restriction Legend. Each certificate for Shares shall bear the following legend
      (and any additional legend required by: (i) any securities laws and (ii) any
      securities exchange upon which such Shares may, at the time of such exercise
      be
      listed) on the face thereof unless at the time of exercise such Shares shall
      be
      registered under the Securities Act:

    

    "The
      shares represented by this certificate have not been registered under the
      Securities Act of 1933, as amended, and may not be sold or transferred in the
      absence of such registration or an exemption therefrom under said
      Act."

    

    Any
      certificate issued at any time in exchange or substitution for any certificate
      bearing such legend except a new certificate issued upon completion of a public
      distribution under a registration statement of the securities represented
      thereby) shall also bear such legend unless, in the opinion of counsel for
      the
      holder thereof (which counsel shall be reasonably satisfactory to counsel for
      the Company) the securities represented thereby are not, at such time, required
      by law to such legend.

    

    11.2 Covenants
      as to Common Stock. The Company covenants and agrees that all Shares of Common
      Stock that may be issued upon the conversion of this Note will, upon issuance,
      be validly issued, fully paid and nonassessable, and free from all taxes, liens
      and charges with respect to the issue thereof. The Company further covenants
      and
      agrees that it will pay when due and payable any and all federal and state
      taxes
      which may be payable in respect of the conversion of this Note or any Common
      Stock or certificates therefor issuable upon the conversion of this Note. The
      Company further covenants and agrees that if any shares of capital stock to
      be
      reserved for the purpose of the issuance of shares upon the conversion of this
      Note require registration with or approval of any governmental authority under
      any federal or state law before such shares may be validly issued or delivered
      upon exercise, then the Company will in good faith and as expeditiously as
      possible endeavor to secure such registration or approval, as the case may
      be.
      If and so long as the Common Stock issuable upon the conversion of this Note
      is
      listed on any national securities exchange, the Company will, if permitted
      by
      the rules of such exchange, list and keep listed on such exchange, upon official
      notice of issuance, all Shares of such Common Stock issuable upon exercise
      of
      this Note.

    

    11.3 Will
      Reserve Shares. The Company will reserve and set apart and have available for
      issuance at all times, free from preemptive or other preferential rights, the
      number of Shares of authorized but unissued Common Stock deliverable upon the
      exercise of this Note.

    

    11.4 Will
      Not
      Issue Certain Stock. The Company will not issue any capital stock of any class
      which has rights to be preferred as to dividends and/or as to the distribution
      of assets upon voluntary or involuntary liquidation, dissolution or winding-up,
      unless (a) such rights shall be limited to a fixed sum or percentage of par
      value in respect of participation in dividends and in the distribution of
      assets, and (b) such stock is nonvoting. 

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    11.5 Will
      Not
      Declare Dividends. The Company will not pay any dividend or other distribution
      on any of its capital stock unless such dividend or other distribution on such
      share of capital stock and all other dividends or distribution paid during
      the
      prior one year period on such shares of capital stock are paid out of earned
      surplus and the aggregate amount thereof is less than ___% of the fair market
      value of the shares of capital stock (if then ascertainable) on the date of
      declaration of such dividend or other distribution.

    

    

    ARTICLE
      12

    EVENTS
      OF
      DEFAULT

    

    12.1 Events
      of
      Default. If any of the following events (each an "Event of Default") shall
      occur
      and be continuing during the term of this Note: 

    

    (a)
      The
      Company shall default in any payment of any principal under this Note when
      and
      as due (whether by reason of demand, maturity, mandatory prepayment,
      acceleration, or otherwise) or in the payment of any interest on this Note
      then
      outstanding;

    

    (b)
      The
      company shall default in any payment of any principal under any Note then
      outstanding when and as due (whether by reason of demand, maturity, mandatory
      prepayment, acceleration, or otherwise) or in the payment of any interest on
      such Note then outstanding;

    

    (c)
      The
      occurrence of a default or Event of Default under any agreement, instrument
      or
      document securing the payment of the principal of or interest on this Note,
      or
      any default under any agreement or instrument which evidences a debt owed by
      the
      Company to the Payee shall have occurred and be continuing;

    

    (d)
      The
      filing of a petition of bankruptcy by or against Company for adjudication as
      a
      bankrupt under the federal Bankruptcy Code as amended, the dissolution of
      Company in connection with the bankruptcy or other insolvency, the appointment
      of a receiver or trustee of substantially all of the property of Company, or
      the
      making by Company of an assignment for the benefit of creditors; provided,
      however, that Company shall have thirty (30) days cure any involuntary
      proceedings commenced against it; then any Holder of any of the Notes may,
      at
      the option of such Holder, declare all Notes, and all Notes shall thereupon
      become, forthwith due and payable thereon without any presentment, demand,
      protest or other notice of any kind, all of which are hereby expressly waived,
      and the Company shall forthwith pay to all Holders, the entire
      principal.

    

    12.2 Annulment
      of Acceleration of Notes. If a declaration is made pursuant to Section 12.1
      by
      any Holder or Holders of the Notes, then and in every such case, the Holders
      of
      50% in aggregate principal amount of the Notes then outstanding (exclusive
      of
      Notes then directly or indirectly owned by the Company, any of its subsidiaries
      any Affiliates and/or any Related Party) may, by written instrument filed with
      the Company, rescind and annul such declaration, and the consequences thereof,
      provided that at the time such declaration is annulled and
      rescinded:

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    (a) No
      judgment or decree has been entered for the payment of any monies due pursuant
      to the Notes;

    

    (b) All
      arrears of interest (if any) upon all the Notes and all other sums payable
      under
      the Notes (except any principal, interest or premium on the Notes which has
      become due and payable by reason of such declaration) shall have been duly
      paid;
      and

    

    (c) Each
      and
      every other default and Event of Default shall have been waived or otherwise
      made good or cured; and provided further that no such rescission and annulment
      shall extend to or affect any subsequent default or Event of Default or impair
      any right consequent thereon.

    

    12.3 Notice.
      If an Event of Default occurs, the Company shall give prompt notice thereof
      to
      the Holder hereof.

    

    ARTICLE
      13

    MISCELLANEOUS

    

    13.1 Late
      Charge. Payee may collect a "late charge" equal to 5% of any installment of
      interest or principal or both that is not paid within ten (10) days after the
      due date thereof. Late charges shall be separately charged to and collected
      from
      the Company and shall be due upon demand by Payee.

    

    13.2 Fees
      and
      Expenses. The Company shall pay all costs and expenses, including attorneys'
      fees, incurred by Payee in connection with the collection of this Note upon
      an
      Event of Default. Such expenditures incurred by, Payee shall bear interest
      at
      the rate of ten (10%) percent per annum from the date of demand, default or
      judgment, as applicable.

    

    13.3 Notices.
      All notices under this Note shall be given in accordance with the procedures
      set
      forth in the Agreement.

    

    13.4 Governing
      Law. This Note is being delivered as a sealed instrument in the State of Indiana
      and shall be construed in accordance with the laws thereof.

    

    13.5 Headings.
      Article, section and subsection headings in this Note are included herein for
      convenience of reference only and shall not constitute a part of this Note
      for
      any other purpose.

    

    13.6 Surrender
      in Exchange. Any portion of the outstanding principal and any accrued interest
      under this Note may be used at par by the Holder hereof to pay for any other
      securities of the Company which the Holder hereof may from time to time purchase
      from the Company.

    

    13.7 Binding
      Effect. The obligations of the Company set forth herein shall be binding upon
      the successors and assigns of the Company, whether or not such successors or
      assigns are permitted by the terms hereof or of the Agreement. The rights of
      the
      Holder hereof are transferable to successor Holder or Holders of this
      Note.

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    13.8 Amendments,
      Waivers and Consents. Any provision in this Note to the contrary
      notwithstanding, changes in or additions to this Note may be made, and
      compliance with any covenant or provision herein set forth may be omitted or
      waived by the Company, if the Company: (I) shall obtain consent thereto in
      writing from the Holder or Holders of at least 50% in aggregate principal amount
      of all Notes then outstanding, and (ii) shall deliver copies of such consent
      in
      writing to any Holders who did not execute the same; provided, that no such
      consent shall be effective to reduce (or to postpone the date fixed for the
      payment of) the principal or interest payable on any Note, without the consent
      of the Holder thereof, or to reduce the percentage in aggregate principal amount
      of the Notes the consent of the Holders of which is required under this Section.
      Any waiver or consent may be given subject to satisfaction of conditions stated
      therein and any waiver or consent shall be effective only in the specific
      instance and for the specific purpose for which given.

    

    13.9 Company
      Waivers. Except as otherwise specifically provided herein, the Company, and
      all
      others that may become liable for all or any part of the obligations evidenced
      by this Note, hereby waive presentment, demand, notice of nonpayment, protest
      and all other demands and notices in connection with the delivery, acceptance,
      performance or enforcement of this Note, and do hereby consent to any number
      of
      renewals or extensions of the time of payment hereof and agree that any such
      renewals or extensions may be made without notice to any such persons and
      without affecting their liability herein and do further consent to the release
      of any part or parts or all of the security for the payment hereof and to the
      release of any person liable hereon (all without affecting the liability of
      the
      other persons, firms, or corporations liable for the payment of this Note);
      AND
      DO HEREBY WAIVE TRIAL BY JURY.

    

    IN
      WITNESS WHEREOF, the undersigned has executed and delivered this instrument
      by
      its officer thereunto duly authorized.

     

    
      	Titan Holdings, Inc.	 	 	 
	 	 	 	 
	 	 	 	 
	
              By:        
                   // ss //

            	 	 	 
	
              
                

              

              Brian
                Kistler, Chief Executive Officer

            	 	 	
            
	 	 	 	 

    

    

    
      
         

      

      
        18NOVATION AGREEMENT

    

    Freedom
      Financial Holdings, Inc., formerly known as Titan Holdings, Inc., a corporation
      organized and existing under the laws of the State of Maryland, with an address
      of 421 East Cook Road, Suite 200, Fort Wayne, Indiana, 46825, hereinafter
      referred to as the Company, and Brian Kistler, an individual residing at 6461
      N
      100E, Ossian, Indiana 46777, hereinafter referred to as Kistler, in
      consideration of the promises made herein, agree as follows:

    

    1.
      Original Agreement. On
      August
      1, 2005, Company and Kistler entered into a Convertible Note agreement under
      which the Company agreed (1) to pay Kistler, on the Maturity Date, the principal
      amount of the loan outstanding; or (2) to provide Kistler the option to convert
      the amount outstanding into shares of common stock of the Company at a
      conversion price of $1. The Convertible Note is attached hereto as Exhibit
      A.

    

    2.
      Novation.
      Company
      and Kistler hereby agree to extinguish the original agreement referred to in
      Paragraph 1. Each party hereby relinquishes any claim that they had or may
      have
      had under that original agreement and stipulates that this agreement constitutes
      a novation
      with
      respect to the original agreement.

    

    3.
      New Agreement.
      Company
      and Kistler agree to replace the original agreement with the following new
      agreement: Company shall issue to Kistler 304,589 shares of Class B Convertible
      Preferred Shares of stock. pursuant to a new agreement dated September 30,
      2006
      a copy of which is attached as Exhibit B. Both parties agree that all contract
      rights between them will henceforth flow from the new agreement alone and that
      the new agreement is not merely a supplement to or alteration of the original
      agreement referred to in Paragraph 1 but is rather a complete replacement for
      it.

     

    
      	 	 	 
	Executed
              this 30th day of September, 2006.	 
	 
 	 
 	 
 
	KISTLER	 	 
	 	
            
	
              //ss//

            	 
	Brian Kistler	 
	 	 
	COMPANY	 
	 	 
	//ss//	 
	Robin
              Hunt,
              Secretary

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