Document:

EXHIBIT 10.57

                                     WARRANT

THIS  WARRANT AND THE SHARES  DELIVERABLE  UPON  EXERCISE  THEREOF HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933
ACT") OR THE  SECURITIES  LAWS OF ANY  STATE  OF THE  UNITED  STATES  AND MAY BE
OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (i) TO THE COMPANY, (ii) OUTSIDE THE
UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE 1933 ACT, IF
AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS, (iii) IN
COMPLIANCE WITH THE EXEMPTION FROM  REGISTRATION  UNDER THE 1933 ACT PROVIDED BY
RULE 144 THEREUNDER, IF APPLICABLE,  AND IN COMPLIANCE WITH ANY APPLICABLE STATE
SECURITIES LAWS, (iv) IN COMPLIANCE WITH ANOTHER EXEMPTION FROM REGISTRATION AND
ANY APPLICABLE  STATE  SECURITIES  LAWS, IN EACH CASE AFTER  PROVIDING  EVIDENCE
SATISFACTORY TO THE COMPANY THAT SUCH TRANSFER MAY BE MADE WITHOUT  REGISTRATION
UNDER THE 1933 ACT.

THIS WARRANT MAY NOT BE EXERCISED WITHIN THE UNITED STATES OR BY OR ON BEHALF OF
A U.S. PERSON OR PERSON IN THE UNITED STATES UNLESS THE SHARES  DELIVERABLE UPON
EXERCISE HEREOF ARE REGISTERED UNDER THE 1933 ACT AND THE SECURITIES LAWS OF ALL
APPLICABLE  STATES OF THE UNITED STATES OR AN EXEMPTION  FROM SUCH  REGISTRATION
REQUIREMENTS IS AVAILABLE.  "UNITED STATES" AND "U.S.  PERSON" ARE AS DEFINED BY
REGULATION S UNDER THE 1933 ACT.

               WARRANT TO PURCHASE 666,667 SHARES OF COMMON STOCK

                            THE NEPTUNE SOCIETY, INC.
                             (a Florida Corporation)

                     Not Transferable or Exercisable Except
                        Upon Conditions Herein Specified
                          Void after 5:00 O'clock P.M.,
          Pacific Daylight Time, on the Expiry Date (as herein defined)

     THE NEPTUNE SOCIETY INC., a Florida  corporation  (the  "Company"),  hereby
certifies that D.H. Blair Investment Banking Corp., a New York corporation,  its
registered  successors  and  permitted  assigns  registered  on the books of the
Company  maintained  for such  purposes  as the  registered  holder  hereof (the
"Holder"),  for value  received,  is entitled  to purchase  from the Company the
number of fully paid and  non-assessable  shares of Common  Stock of the Company
("Shares")  stated above at a purchase price of Three and No/100 Dollars ($3.00)
per Share (the "Exercise  Price") (the number of Shares and Exercise Price being
subject to adjustment as  hereinafter  provided)  upon the terms and  conditions
herein provided.

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1.   Exercise of Warrants.

     (a)  Subject to Section  1(b),  upon  presentation  and  surrender  of this
Warrant,  with the attached Exercise Form duly executed, at the principal office
of the Company at 4312  Woodman  Avenue,  3rd Floor,  Sherman  Oaks,  California
91423,  or at such other  place as the Company  may  designate  by notice to the
Holder hereof, with and upon payment (which may be in the form of a certified or
bank  cashier's  check  payable  to the order of the  Company  or in the form of
electronic funds transfer to the Company's account,  the wiring instructions for
which  shall be  provided  upon  request  by the  Holder)  in the  amount of the
aggregate  Exercise  Price for the Shares  being  purchased,  the Company  shall
deliver  to  the  Holder  hereof,  as  promptly  as  practicable,   certificates
representing the Shares being purchased.  This Warrant may be exercised in whole
or in part;  and, in case of exercise  hereof in part only,  the  Company,  upon
surrender  hereof,  will  deliver to the  Holder a new  Warrant  Certificate  or
Warrant  Certificates  of like tenor entitling the Holder to purchase the number
of Shares as to which this Warrant has not been exercised.

     (b) This  Warrant may be exercised in whole or in part at any time prior to
5:00 o'clock P.M., Pacific Daylight Time, on July 31, 2007 (the "Expiry Date").

2.   Net or "Cashless" Exercise.

     In lieu of exercising this Warrant in the manner provided above, the Holder
may elect to receive  shares  equal to the value of this Warrant (or the portion
thereof  being  canceled)  by surrender of this Warrant at the address set forth
above,  together with notice of such election,  in which event the Company shall
issue to the Holder that number of Shares computed using the following formula:

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

Where:          X   =   The number of shares of Common Stock to be issued to the
                        Holder

                Y   =   The number of Shares purchasable under this Warrant
                        (at the date of such calculation) with respect to
                        which this Warrant is exercised

                A   =   The current market price of one share of Common
                        Stock (at the date of exercise of this Warrant)

                B   =   The Exercise Price (as adjusted to the date of such
                        calculation)

For purposes  hereof,  the current  market price per Share at any date shall be:
(i) if the Shares are listed on any national  securities  exchange,  the closing
price for the trading day  immediately  before the day in question;  and (ii) if
the Shares are not listed on any national  securities exchange but are quoted on
the National Association of Securities Dealers,  Inc. Automated Quotation System
("NASDAQ"),  the  average of the high and low bids as reported by NASDAQ for the
trading day immediately before the day in question.

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<PAGE>

3.   Exchange of Warrant.

     This Warrant at any time prior to the exercise  hereof,  upon  presentation
and surrender to the Company, may be exchanged,  alone or with other Warrants of
like tenor  registered in the name of the Holder,  for another  Warrant or other
Warrants  of like  tenor in the  name of such  Holder  exercisable  for the same
aggregate number of Shares as the Warrant or Warrants surrendered.

4.   Rights and Obligations of Warrant Holder.

     (a) The Holder of this Warrant  Certificate shall not, by virtue hereof, be
entitled  to any rights of a  stockholder  in the  Company,  either at law or in
equity;  provided,  however, in the event that any certificate  representing the
Shares is issued to the Holder hereof upon exercise of this Warrant, such Holder
shall,  for all purposes,  be deemed to have become the holder of record of such
Shares  on the date on which  this  Warrant  Certificate,  together  with a duly
executed  Exercise Form, was  surrendered  and payment of the Exercise Price was
made, irrespective of the date of delivery of such Share certificate. The rights
of the Holder of this  Warrant  are  limited to those  expressed  herein and the
Holder of this Warrant,  by its acceptance hereof,  consents to and agrees to be
bound by and to comply  with all the  provisions  of this  Warrant  Certificate,
including,  without  limitation,  all the  obligations  imposed  upon the Holder
hereof by Section 5 hereof. In addition, the Holder of this Warrant Certificate,
by accepting the same,  agrees that the Company may deem and treat the person in
whose name this Warrant  Certificate  is  registered on the books of the Company
maintained  for such  purpose as the  absolute,  true and  lawful  owner for all
purposes whatsoever,  notwithstanding any notation of ownership or other writing
thereon, and the Company shall not be affected by any notice to the contrary.

     (b) No Holder of this Warrant  Certificate,  as such,  shall be entitled to
vote or  receive  distributions  or to be deemed  the  holder of Shares  for any
purpose,  nor shall anything contained in this Warrant  Certificate be construed
to confer  upon any  Holder of this  Warrant  Certificate,  as such,  any of the
rights of a  stockholder  of the Company or any right to vote,  give or withhold
consent to any action by the Company,  whether upon any recapitalization,  issue
of stock,  reclassification of stock, merger,  conveyance or otherwise,  receive
notice of meetings or other action  affecting  stockholders  (except for notices
provided for herein), receive distributions,  subscription rights, or otherwise,
until this Warrant shall have been exercised and the Shares purchasable upon the
exercise  thereof shall have become  deliverable as provided  herein;  provided,
however, that any such exercise on any date when the stock transfer books of the
Company shall be closed shall  constitute the person or persons in whose name or
names the certificate or  certificates  for those Shares are to be issued as the
record holder or holders  thereof for all purposes at the opening of business on
the next  succeeding  day on which such stock  transfer  books are open, and the
Warrant  surrendered shall not be deemed to have been exercised,  in whole or in
part as the case may be, until the next  succeeding  day on which stock transfer
books are open for the purpose of determining  entitlement to  distributions  on
the Company's common stock.

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<PAGE>

5.   Shares Underlying Warrants.

     The Company covenants and agrees that all Shares delivered upon exercise of
this Warrant  shall,  upon  delivery and payment  therefor,  be duly and validly
authorized and issued,  fully-paid and  non-assessable,  and free from all stamp
taxes, liens, and charges with respect to the purchase thereof. In addition, the
Company agrees at all times to reserve and keep  available an authorized  number
of Shares sufficient to permit the exercise in full of this Warrant.

6.   Disposition of Warrants or Shares.

     (a) The holder of this Warrant  Certificate and any transferee hereof or of
the Shares  issuable  upon the  exercise  of the Warrant  Certificate,  by their
acceptance hereof, hereby understand and agree that this Warrant, and the Shares
issuable upon the exercise hereof, have not been registered under either the Act
or the State  Acts and shall not be sold,  pledged,  hypothecated,  donated,  or
otherwise  transferred  (whether  or not  for  consideration)  except  upon  the
issuance to the Company of a favorable  opinion of counsel or  submission to the
Company of such evidence as may be  satisfactory  to counsel to the Company,  in
each such case, to the effect that any such  transfer  shall not be in violation
of the Act and the State Acts.  It shall be a condition  to the transfer of this
Warrant that any transferee thereof deliver to the Company its written agreement
to accept and be bound by all of the terms and conditions of this Warrant.

     (b) The stock  certificates of the Company that will evidence the shares of
Common  Stock with  respect to which this  Warrant  may be  exercisable  will be
imprinted with conspicuous legend in substantially the following form:

          "The  securities   represented  by  this  certificate  have  not  been
          registered  under  either the  Securities  Act of 1933 (the  "Act") or
          applicable  state  securities laws (the "State Acts") and shall not be
          sold, pledged, hypothecated, donated or otherwise transferred (whether
          or not for  consideration)  by the holder  except upon the issuance to
          the Company of a favorable opinion of its counsel or submission to the
          company of such other  evidence as may be  satisfactory  to counsel of
          the Company,  in each such case,  to the effect that any such transfer
          shall not be in violation of the Act and the State Acts."

Except as provided in the  Debenture  Purchase  and  Amendment  Agreement by and
among the Company,  CapEx,  L.P., and D.H. Blair Investment  Banking Corp. dated
July 31,  2003 (in which the  Company  has agreed to file and to cause to become
effective a  registration  statement  covering the shares for which this Warrant
may be exercisable),  the Company has not agreed to register any of the holder's
shares of Common  Stock of the Company with respect to which this Warrant may be
exercisable for distribution in accordance with the provisions of the Act or the
State Acts and,  the Company has not agreed to comply  with any  exemption  from
registration  under the Act or the  State  Acts for the  resale of the  holder's
shares of Common  Stock of the Company with respect to which this Warrant may be
exercised. Hence, it is the understanding of the holders of this Warrant that by
virtue of the  provisions of certain rules  respecting  "restricted  securities"
promulgated by the Securities and Exchange Commission, the shares of Common

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<PAGE>

Stock of the Company with respect to which this Warrant may be  exercisable  may
be required to be held  indefinitely,  unless and until registered under the Act
and the State Acts, unless an exemption from such registration is available,  in
which  case the Holder may still be limited as to the number of shares of Common
Stock of the Company with  respect to which this  Warrant may be exercised  that
may be sold.

7.   Adjustments.

     The  number of Shares  purchasable  upon the  exercise  of each  Warrant is
subject to adjustment from time to time upon the occurrence of any of the events
enumerated below.

     (a) In case the Company shall: (i) pay a dividend in Shares; (ii) subdivide
its  outstanding  Shares  into a greater  number of Shares;  (iii)  combine  its
outstanding  Shares  into a  smaller  number  of  Shares;  the  amount of Shares
purchasable  upon the exercise of each Warrant and the Exercise  Price in effect
immediately prior immediately prior thereto shall be proportionately adjusted to
reflect the  reduction  or increase in the value of each such Shares so that the
Holder shall be entitled to receive upon  exercise of the Warrant that number of
Shares which such Holder would have owned or would have been entitled to receive
after  the  happening  of such  event  had such  Holder  exercised  the  Warrant
immediately  prior to the  record  date,  in the case of such  dividend,  or the
effective  date, in the case of any such  subdivision or  combination;  provided
however,  in no event  shall the  Exercise  Price  exceed  $3.00 per share  (the
"Maximum Exercise Price").  For greater certainty and by way of example,  if the
Company's issued and outstanding  Shares shall be combined into a smaller number
of shares of Common Stock on a four (old share) for one (new share)  basis,  the
Warrant will be  exercisable  to acquire  166,667 Shares at an Exercise Price of
$3.00 per share,  notwithstanding  the fact that the  Exercise  Price would have
been $12.00 per Share,  but for the Maximum  Exercise  Price. An adjustment made
pursuant to this  Section  7(a) shall be made  whenever any of such events shall
occur, but shall become effective  retroactively  after such record date or such
effective date, as the case may be, as to Warrants exercised between such record
date or effective date and the date of happening of any such event.

     (b) In case of any  capital  reorganization,  any  reclassification  of the
stock of the Company (other than as a result of a stock dividend or subdivision,
split up or  combination  of shares),  or the merger of the Company with or into
another  person or entity  (other  than a merger  in which  the  Company  is the
continuing  Company and which does not result in any change in the Common Stock)
or of the  sale,  exchange,  lease,  transfer  or  other  disposition  of all or
substantially  all of the properties and assets of the Company as an entirety or
the  participation  by the Company in share exchange as the Company the stock of
which is to be acquired,  the amount of Shares  purchasable upon the exercise of
each Warrant  immediately  prior  thereto  shall be adjusted  (effective  on the
opening of business on the date after the effective date of such reorganization,
reclassification, merger, sale or exchange, lease, transfer or other disposition
or share exchange) so that the Holder shall be entitled to receive upon exercise
of the  Warrant  the kind and number of shares of stock or other  securities  or
property of the Company or of the  corporation  resulting  from  surviving  such
merger or to which such  properties and assets shall have been sold,  exchanged,
leased,  transferred or otherwise  disposed or which was the  corporation  whose
securities  were  exchanged  for those of the Company to which the holder of the
number of Shares  deliverable (at the close of business on the date  immediately
preceding the

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<PAGE>

effective date of such reorganization, reclassification, merger, sale, exchange,
lease, transfer or other disposition or share exchange) would have been entitled
upon such  reorganization,  reclassification,  merger,  sale,  exchange,  lease,
transfer or other disposition or share exchange.  The provisions of this Section
7(b) shall  similarly  apply to successive  reorganizations,  reclassifications,
mergers,  sales,  exchanges,  leases,  transfers or other  dispositions or other
share exchanges.

     (c) If and whenever any Additional Shares (as hereinafter defined) shall be
issued by the  Company  (i) for a cash  consideration  less than the  amount per
share  determined by dividing (1) $3.00 by (2) the ratio (the "Initial  Exchange
Ratio") of (A) the number of Shares  with  respect  to which  this  Warrant  was
exercisable  into (taking into account all  adjustments  thereto  required to be
made  hereunder)  at the  close of  business  on the  business  day  immediately
preceding  the day of such  issue  (the  "Initial  Number  of  Shares"),  to (B)
666,667,  or (ii) without  consideration,  then in each such case, the number of
Shares  purchasable  upon the  exercise  of this  Warrant  Certificate  shall be
increased effective as of the opening of business on the date of such issue (the
"Issue  Date") by  multiplying  the  Initial  Number  of  Shares  by that  ratio
obtained:  (1) by multiplying (A) $3.00 times (B) the aggregate number of Shares
issued and  outstanding  at the close of  business on the Issue Date (the "Issue
Date Shares") and (2) by dividing the product thus  determined by the sum of the
following  clauses (3) and (4):  (3) $3.00  divided by (x) the Initial  Exchange
Ratio and the quotient  thus  determined  multiplied by (y) the number of Shares
issued and  outstanding at the close of business on the business day immediately
preceding  the Issue  Date;  plus (4) the amount of the  consideration  (if any)
received by the Company for the Additional  Shares issued on the Issue Date. For
greater  certainty and by way of example,  the adjustments made pursuant to this
Section 7(c) shall be  calculated  in  accordance  with the example set forth on
Schedule 7(c) attached hereto.

     (d) In case of the issuance of any  Additional  Shares for a  consideration
part or all of which  shall  be  cash,  the  amount  of the  cash  consideration
therefor  shall be deemed to be the amount of the cash  received  by the Company
for such shares,  or, if such  Additional  Shares are offered by the Company for
subscription,  the subscription  price,  or, if such Additional  Shares shall be
sold to  underwriters  or dealers  pursuant to a public  offering  other than by
subscription,  the initial  public  offering  price,  less any  compensation  or
discount  in the sale,  underwriting  or  purchase  thereof by  underwriters  or
dealers or others  performing  similar services or for any expenses  incurred in
connection therewith.

     (e) In case of the issuance of any  Additional  Shares for a  consideration
part or all of which shall be other than cash,  the amount of the  consideration
therefor  other than cash shall be deemed to be the Fair  Market  Value for such
consideration  as determined in accordance with Section 7(j) hereof.  In case of
the  reclassification  of  securities  into  Shares,  the Shares  issued in such
reclassification  shall be deemed to have been issued for a consideration  other
than cash  immediately  prior to the close of business on the date fixed for the
determination of the stockholders entitled to receive such Shares.

     (f) Additional  Shares issued by way of dividend or other  distribution  on
any class of stock of the Company  shall be deemed to have been  issued  without
consideration  and  shall be deemed to have  been  issued as of the  opening  of
business on the business day immediately

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<PAGE>

following the date fixed for the  determination of the stockholders  entitled to
receive such dividend or other distribution.

     (g) The term  "Additional  Shares" as used herein shall mean all Shares (or
shares of any other  class of  securities  of the Company  entitling  the holder
thereof to participate in any  distribution  of the Company's  remaining  assets
after  payment  to  the  holders  of  securities   entitled  to  a  preferential
distribution  upon any  dissolution,  liquidation  or winding-up of the Company)
issued by the  Company on or after July 31,  2003,  whether or not  subsequently
reacquired or retired by the Company other than:

          (i) Shares issued upon the exercise of this Warrant;

          (ii) shares issued by way of dividend or other  distribution on Shares
referred to in Section  7(g)(i) or on Shares  resulting from any  subdivision or
combination of Shares referred to in Section 7(g)(i); or

          (iii)  shares   ("Acquisition   Shares")  issued  by  the  Company  in
connection with and as  consideration  for the acquisition by the Company or any
Subsidiary of the assets or stock of another corporation pursuant to a bona fide
purchase and sale  transaction  with one or more persons  acting at arm's length
from the Company, the Subsidiaries and their respective directors,  officers and
significant shareholders, provided such transaction is in good faith approved by
the Board of Directors of the Company.

     (h) In case of the issuance of

          (i) options to purchase or rights to subscribe for Shares,

          (ii) securities by their terms  convertible into, or exchangeable for,
Shares, or

          (iii) options to purchase or rights to subscribe for such  convertible
or exchangeable securities,

then in each such case,  for all purposes of this  Section 7 (including  without
limitation for the purpose of determining  the Issue Date Shares  referred to in
Section 7(c) and the number of Shares issued and outstanding  immediately  prior
to the Issue Date referred to in Section 7(c)):

          (iv) The aggregate maximum number of Shares  deliverable upon exercise
of such options to purchase or rights to subscribe for Shares shall be deemed to
be  Additional  Shares at the time such  options or rights were issued and for a
consideration  equal to the consideration  (determined in the manner provided in
Sections  7(c) and 7(d)) 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 Shares covered thereby.

          (v) The aggregate number of Shares  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  conversion or exchange thereof shall be
deemed to be Additional  Shares at the time such  securities were issued or such
options or rights were issued and for a consideration equal to the

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<PAGE>

consideration received by the Company for any such securities or related options
or rights (excluding any cash received on account of accrued interest or accrued
distributions), 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 or rights (the  consideration  in each case to be determined
in the manner provided in Sections 7(c) and 7(d)).

          (vi) In the event of any  change in the  number of Shares  deliverable
upon  exercise of any such options or rights or  securities  other than a change
resulting  from the  antidilution  provisions  thereof,  the  number  of  Shares
purchasable  upon the exercise of this Warrant shall be readjusted  effective as
of the date of such change to the number which would have been  obtained had the
adjustment  made upon the issuance of such options or rights or  securities  not
converted  prior to such  change or options or rights or  securities  related to
such  securities  not  converted  prior to such change been made on the basis of
such change.

          (vii) 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 number of
Shares  purchasable  upon  the  exercise  of this  Warrant  shall  forthwith  be
readjusted  to such number as would have obtained had the  adjustment  made upon
the issuance of such options, rights, securities or options or rights related to
such  securities  been made upon the basis of the issuance of only the number of
Shares  actually  issued upon the exercise of such  options or rights,  upon the
conversion or exchange of such  securities,  or upon the exercise of the options
or rights  related to such  securities  and  subsequent  conversion  or exchange
thereof.

     (i) No adjustment shall be required unless such adjustment would require an
increase  or  decrease  of at  least  1% in the  number  of  Shares  purchasable
hereunder;  provided,  however,  that any  adjustments  which by  reason of this
subsection  (i) are not  required to be made shall be carried  forward and taken
into account in any subsequent adjustment. All calculations under this Section 7
shall be made to the nearest one-hundredth of a Share.

     (j) The term Fair Market  Value as used in this  Warrant  Certificate  with
respect to assets or property  received by the Company or any other person shall
be the fair market value,  regardless of any prior accounting treatment, of such
assets or property,  determined in good faith by agreement of the Holder and the
Board of  Directors  of the  Company.  If the Holder and the Board of  Directors
shall be unable to agree as to such fair market  value,  the fair  market  value
shall be determined by the independent  certified public accountant at that time
retained by the Company to audit its books and records,  and a determination  by
such  independent  certified public  accountant  shall be final,  conclusive and
binding or, if there be none, or if such accountant shall refuse or be unable to
make such a  determination  then the sole issue of fair  market  value  shall be
submitted  to and  settled  by binding  arbitration  under and  pursuant  to the
Colorado  Uniform  Arbitration Act and the rules and regulations of the American
Arbitration  Association,  and  the  decision  or  award  of the  arbitrator  or
arbitrators  in such  arbitration  shall be final,  conclusive and binding and a
final judgment may be entered thereon by any court of competent jurisdiction.

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<PAGE>

8.   Notice to Warrant Holders of Adjustment.

     Whenever the number of Shares  purchasable  hereunder is adjusted as herein
provided,  the Company shall cause to be mailed to the Holder in accordance with
the  provisions of this Section 8 a notice (i) stating that the number of Shares
purchasable upon exercise of this Warrant have been adjusted, (ii) setting forth
the adjusted number of Shares  purchasable  upon the exercise of a Warrant,  and
(iii) showing in reasonable detail the computations and the facts, including the
amount of consideration received or deemed to have been received by the Company,
upon which such adjustments are based.

9.   Fractional Shares.

     The Company shall not be required to issue any fraction of a Share upon the
exercise of Warrants. If more than one Warrant shall be surrendered for exercise
at one time by the  same  Holder,  the  number  of full  Shares  which  shall be
issuable upon  exercise  thereof shall be computed on the basis of the aggregate
number of Shares  with  respect  to which  this  Warrant  is  exercised.  If any
fractional  interest in a Share shall be  deliverable  upon the exercise of this
Warrant,  the Company  shall make an  adjustment  therefor in cash equal to such
fraction  multiplied  by the current  market price of the Shares on the business
day next preceding the day of exercise.

10.  Loss or Destruction.

     Upon receipt of evidence  satisfactory  to the Company of the loss,  theft,
destruction,  or mutilation of this Warrant  Certificate and, in the case of any
such loss, theft or destruction, upon delivery of an indemnity agreement or bond
satisfactory in form, substance and amount to the Company or, in the case of any
such mutilation,  upon surrender and  cancellation of this Warrant  Certificate,
the Company at its expense  will  execute and deliver,  in lieu  thereof,  a new
Warrant Certificate of like tenor.

11.  Survival.

     The various rights and obligations of the Holder hereof as set forth herein
shall survive the exercise of the Warrants  represented hereby and the surrender
of this Warrant Certificate.

12.  Notices.

     Whenever any notice,  payment of any purchase price, or other communication
is required to be given or delivered  under the terms of this Warrant,  it shall
be in writing and  delivered by hand  delivery or United  States  registered  or
certified mail, return receipt requested, postage prepaid, and will be deemed to
have been given or delivered on the date such  notice,  purchase  price or other
communication  is so  delivered  or posted,  as the case may be;  and, if to the
Company,  it will be addressed to the address specified in Section 1 hereof, and
if to the Holder,  it will be addressed to the registered  Holder at its, his or
her address as it appears on the books of the Company.

                                       9
<PAGE>

                                         THE NEPTUNE SOCIETY, INC.

ATTEST:                                  By:
                                             -----------------------------------
                                         Name:
                                             -----------------------------------
--------------------------------         Title:
Secretary                                    -----------------------------------
                                         Date:
                                             -----------------------------------

                                       10
<PAGE>

                                  EXERCISE FORM

TO: THE NEPTUNE SOCIETY, INC.

The undersigned hereby exercises the right to acquire _________ shares of Common
Stock  in the  capital  stock  of THE  NEPTUNE  SOCIETY,  INC.  (the  "Company")
according to the terms of the Warrant Certificate.

     The  undersigned  hereby  represents and warrants to the Company as follows
(circle one):

     (a) the  undersigned  has executed and delivered to the Company  Schedule A
attached hereto; or

     (b) the  undersigned  has  delivered  to the  Company a written  opinion of
counsel to the effect that the exercise of the Warrant by the undersigned is not
subject to  registration  under the United  States  Securities  Act of 1933,  as
amended  (the "1933  Act"),  or the  securities  laws of any state of the United
States.

"United States" and "U.S.  person" are as defined by Regulation S under the 1933
Act.

Number of Common Stock: _______________________

     DATED  at  ______________________,  this  ______  day  of  _______________,
_______.

------------------------------      -----------------------------------------
Witness Signature                   Signature of Warrant Holder, to be the same
                                    as appears on the face of this Warrant
                                    Certificate

                                    Print Name of Warrant Holder

                                    Address

                                    City, State, and Zip Code

                                       11
<PAGE>

                                   SCHEDULE A

In  connection  with the  exercise  of the  Warrant to which this  Schedule A is
attached, the undersigned (the "Subscriber") covenants,  represents and warrants
to The Neptune Society, Inc. (the "Company") that:

(a)  the  Subscriber has such knowledge and experience in financial and business
     matters  as  to be  capable  of  evaluating  the  merits  and  risks  of an
     investment  in the Shares and it is able to bear the economic  risk of loss
     of its entire investment;

(b)  the Company has provided to it the opportunity to ask questions and receive
     answers  concerning the terms and conditions of the offering and it has had
     access to such  information  concerning  the  Company as it has  considered
     necessary or  appropriate  in connection  with its  investment  decision to
     acquire the Shares;

(c)  the Subscriber is acquiring the Shares for its own account,  for investment
     purposes  only and not  with a view to any  resale,  distribution  or other
     disposition  of the Shares in  violation  of the United  States  securities
     laws;

(d)  the Subscriber understands that, except as otherwise agreed by the Company,
     the Shares have not been and will not be registered under the United States
     Securities Act of 1933, as amended (the "1933 Act") or the securities  laws
     of any state of the United States and that the sale contemplated  hereby is
     being made in reliance on an exemption from such registration requirements;

(e)  the  Subscriber  satisfies one or more of the  categories  indicated  below
     (please place an "X" on the appropriate lines):

     _____ Category 1.       An organization described in Section 501(c)(3) of
                             the United States Internal Revenue Code, a
                             corporation, a Massachusetts or similar business
                             trust or partnership, not formed for the specific
                             purpose of acquiring the Shares, with total assets
                             in excess of US$5,000,000;

     _____ Category 2.       A natural person whose individual net worth, or
                             joint net worth with that person's spouse, at the
                             date hereof exceeds US$1,000,000;

     _____ Category 3.       A natural person who had an individual income in
                             excess of US$200,000 in each of the two most recent
                             years or joint income with that person's spouse in
                             excess of US$300,000 in each of those years and has
                             a reasonable expectation of reaching the same
                             income level in the current year;

     _____ Category 4.       A trust that (a) has total assets in excess of
                             US$5,000,000, (b) was not formed for the specific
                             purpose of acquiring the Shares and (c) is directed
                             in its purchases of securities by a

                                       12
<PAGE>

                             person who has such knowledge and experience in
                             financial and  business matters that he/she is
                             capable of evaluating the merits and risks of an
                             investment in the Shares;

     _____ Category 5.       An investment company registered under the
                             Investment Company Act of 1940 or a business
                             development company as defined in Section 2(a)(48)
                             of that ct;

     _____ Category 6.       A Small Business Investment Company licensed by the
                             U.S. Small Business Administration under Section
                             301(c) or (d) of the Small Business Investment Act
                             of 1958;

     _____ Category 7.      A private business development company as defined in
                            Section 202(a)(22) of the Investment Advisors Acts
                            of 1940; or

     _____ Category 8.      An entity in which all of the equity owners satisfy
                            the requirements of one or more of the foregoing
                            categories.

(f)  the  Subscriber  has not  purchased  the  Shares as a result of any form of
     general  solicitation  or general  advertising,  including  advertisements,
     articles,  notices  or other  communications  published  in any  newspaper,
     magazine or similar media or broadcast over radio,  or  television,  or any
     seminar  or  meeting   whose   attendees   have  been  invited  by  general
     solicitation or general advertising;

(g)  if the Subscriber  decides to offer, sell or otherwise  transfer any of the
     Shares,  it will not offer,  sell or otherwise  transfer any of such Shares
     directly or indirectly, unless:

     (i)  the sale is to the Company;

     (ii) the sale is made outside the United  States in a  transaction  meeting
          the requirements of Rule 904 of Regulation S under the 1933 Act and in
          compliance with applicable local laws and regulations;

     (iii) the Shares have been registered under the 1933 Act;

     (iv) the sale is made  pursuant  to the  exemption  from  the  registration
          requirements under the 1933 Act provided by Rule 144 thereunder and in
          accordance with any applicable state securities or "Blue Sky" laws; or

     (v)  the  Shares  are  sold  in  a   transaction   that  does  not  require
          registration  under  the 1933  Act or any  applicable  state  laws and
          regulations  governing  the offer and sale of  securities,  and it has
          prior to such sale  furnished  to the  Company  an  opinion of counsel
          reasonably satisfactory to the Company;

(h)  the  certificates  representing  the Shares will bear a legend stating that
     such shares have not been  registered  under the 1933 Act or the securities
     laws of any state of the United  States

                                       13
<PAGE>

     and may not be offered  for sale or sold unless  registered  under the 1933
     Act and the securities  laws of all applicable  states of the United States
     or an exemption from such registration requirements is available; and

(i)  the Subscriber  consents to the Company making a notation on its records or
     giving  instructions  to any  transfer  agent  of the  Company  in order to
     implement the restrictions on transfer set forth and described herein.

     Dated this ______ day of __________________, ____.

                                       -----------------------------------------
                                       (Name of Subscriber - please print)

                                       By:
                                            ------------------------------------
                                            (Authorized Signature)

                                            ------------------------------------
                                            (Official Capacity or Title)

                                            ------------------------------------
                                            (Please print name of individual
                                            whose signature appears above if
                                            different than the name of the
                                            Subscribed printed above)

                                            ------------------------------------
                                            Date

                                       14EXHIBIT 10.58

                               SECURITY AGREEMENT

     THIS SECURITY AGREEMENT  ("Agreement") is dated as of July 31, 2003, and is
entered  into  by and  between  CapEx,  L.P.,  a  Delaware  limited  partnership
("CapEx"),  in its  capacity  as agent (in such  capacity  "Secured  Party") for
itself and D. H. Blair Investment Banking Corp., a New York corporation ("DHB"),
pursuant to a Debenture  Purchase and  Amendment  Agreement  dated July 31, 2003
(the  "Purchase and Amendment  Agreement")  between  CapEx,  DHB and The Neptune
Society, Inc., a Florida corporation  ("Society"),  and Trident Society, Inc., a
California corporation ("Grantor").

     In order to secure the payment and  performance by Grantor to Secured Party
of all Obligations Grantor hereby agrees with Secured Party as follows:

     1.  Definitions.  Whenever used herein the  following  terms shall have the
following meanings:

          (a) "Debentures"  means the Amended and Restated  Debentures issued by
Grantor pursuant to that Debenture and Warrant  Purchase  Agreement by and among
Grantor,  CapEx, L.P. and DHB dated November 24, 1999, the Debenture and Warrant
Amendment  Agreement by and among Grantor,  CapEx, L.P., and DHB dated effective
December 31, 2001,  and the Debenture  Purchase and  Amendment  Agreement by and
among Grantor, CapEx, L.P., and DHB dated July 31, 2003.

          (b)  "Guarantee"  shall mean the  guarantee  of even date  herewith by
Grantor  to and in favor of Secured  Party of  Society's  obligations  under the
Debentures.

          (c) "Obligations" shall mean any and all indebtedness, obligations and
liabilities  from time to time  owing by Grantor  to  Secured  Party,  including
without limitation under the Debentures and the Guarantee.

     2. Grant of Security.  Grantor  hereby  assign and pledges to Secured Party
and hereby irrevocably grants to Secured Party a continuing security interest in
and  mortgage of  copyright  on the  collateral  set forth in Exhibit A attached
hereto and by this  reference  incorporated  herein (the  "Collateral")  and the
proceeds thereof.

     3.  Representations  and  Warranties.  Grantor  represents  and warrants as
follows:

          (a) The  principal  place of business and principal  executive  office
where Grantor keeps its records  concerning  the  Collateral  are located in Los
Angeles, California.

          (b) Between the date of  execution of this  Agreement  and the time of
perfecting the security  interest  herein,  Grantor will not cause any effective
financing  statement  or mortgage of copyright  or other  instrument  similar in
effect  covering all or any part of the  Collateral to be filed in any recording
office, except such as may have been filed in favor of Secured Party relating to
this Agreement or as permitted under the terms of the Debentures.

<PAGE>

          (c) This Agreement creates and grants to Secured Party (upon filing of
requisite  financing  statements) a valid and perfected security interest in the
Collateral,  securing  the full and prompt  payment and  performance  of all the
Obligations.

          (d)  As of  the  date  of  this  Agreement,  Grantor  is a  California
corporation,  duly organized, validly existing and in good standing. The name of
Grantor is as set forth on the signature  page hereto.  Grantor shall not change
its  name,  conduct  its  business  in any  other  names  or take  title  to the
Collateral  in any other  name while this  Agreement  remains in effect  without
giving  Secured  Party sixty (60) days prior  notice.  Grantor has never had any
name, or conducted  business under any name in any jurisdiction,  other than its
name set forth on the signature page hereto.

          (e)  Grantor  has full power and  authority  to  execute,  deliver and
perform  its  obligations  under this  Agreement,  and the persons who sign this
Agreement on behalf of Grantor are duly  authorized to bind Grantor to the terms
hereof.

          (f) This Agreement and the transactions  contemplated therein are duly
authorized, executed and delivered, and constitute valid and binding obligations
of Grantor enforceable against Grantor in accordance with their terms.

          (g) This Agreement and the  transactions  contemplated  therein do not
conflict with and will not cause  acceleration  of any other  agreement by which
Grantor or its assets are bound.

          (h) Grantor  understands  that the  representations  set forth in this
section  form a  material  basis of  Secured  Party's  decision  to accept  this
Agreement. Grantor represents, warrants and covenants that it shall not take any
action which directly or indirectly  circumvents the  representations  set forth
herein.  Grantor shall  provide to Secured  Party as promptly as possible,  upon
receipt of a written request from Secured Party,  financial information about it
as prepared by Grantor in the ordinary course.

     4. Further Assurances.

          (a)  Grantor  agrees to execute  and  deliver to Secured  Party  UCC-1
national financing  statements,  suitable for filing in any states,  counties or
other places where Grantor resides or in which the Collateral is found, and such
other  documents as may  reasonably be requested by Secured Party to perfect the
security interests granted herein.

          (b) Grantor  agrees that from time to time, at the expense of Grantor,
Grantor will promptly execute and deliver all further instruments and documents,
and take all further action, that may be necessary or desirable, or that Secured
Party may request, in order to perfect and protect any security interest granted
or purported  to be granted  hereby or to enable  Secured  Party to exercise and
enforce  its rights  and  remedies  hereunder  with  respect to any  Collateral.
Without  limiting  the  generality  of the  foregoing,  Grantor  will (i) at the
request of Secured  Party,  mark  conspicuously  the  Collateral and its records
pertaining thereto, with a legend, in form and substance satisfactory to Secured
Party,  indicating  that the  Collateral  is  subject to the  security  interest
granted hereby; and (ii) execute such financing or continuation  statements,  or
amendments  thereto,  and such other instruments or notices, as may be necessary
or desirable, or

                                       2
<PAGE>

as Secured  Party may  request,  in order to perfect and  preserve  the security
interests  granted  or  purported  to  be  granted  hereby,   including  without
limitation,  mortgages,  liens  or other  instruments  evidencing  the  security
interest of Secured Party hereunder in the present or future trademarks, service
marks, copyrights or other intellectual property rights of Grantors.

          (c) Grantor will furnish to Secured Party from time to time statements
and schedules  further  identifying and describing the Collateral and such other
reports in connection  with the Collateral as Secured Party may request,  all in
reasonable  detail,  and Grantor  hereby  agrees that  Secured  Party or Secured
Party's agents may enter upon Grantor's premises at any reasonable time and from
time to time for the purpose of inspecting the Collateral and records pertaining
thereto.

          (d)  Without  giving  Secured  Party at least  sixty  (60) days  prior
notice,  Grantor  will not (i) make any change in its  corporate  name,  or (ii)
conduct its business operations under any fictitious business name or trade name
not set forth in Subsection 3(d), or (iii) move the principal place of business,
principal  executive  office of Grantor or the office  where  Grantor  keeps its
records concerning the Collateral.

          (e) Grantor shall not make any disposition of the Collateral.

     5. Maintenance of Collateral and Related Matters. Grantor shall:

          (a) Keep all physical  items of the  Collateral at the place  therefor
specified  in  Subsection  3(a) or, upon sixty (60) days prior notice to Secured
Party,  at such  other  places in  jurisdictions  where all action  required  by
Section 4 shall have been taken with respect to the Collateral.

          (b) Comply with all laws, statutes, rules and regulations governing or
relating to the Grantor and cause the  Collateral to be maintained and preserved
in the same  condition,  repair and working order as when  acquired  (other than
repairs or  refurbishing by Grantors),  ordinary wear and tear excepted,  and in
accordance with any manufacturer's  manual, and shall forthwith,  or in the case
of any loss or damage to any of the Collateral as quickly as  practicable  after
the occurrence thereof, make or cause to be made all repairs,  replacements, and
other  improvements in connection  therewith which are necessary or desirable to
such  end.  Grantors  shall  promptly  furnish  to  Secured  Party  a  statement
respecting any loss or damage to any of the Collateral.

          (c) Pay  promptly  when due all taxes,  assessments  and  governmental
charges or levies  imposed  upon,  and all claims  (including  claims for labor,
materials and supplies) against the Collateral.

          (d) Maintain, at its own expense,  insurance against loss or damage to
the Collateral  (including  liability  insurance) in such amounts,  against such
risks, in such form, and with such insurers, as shall be satisfactory to Secured
Party from time to time.

          (e) Keep moneys obtained from the sale of pre-need  contracts in trust
strictly in accordance with applicable statutes, rules and regulations unless an
insurance  contract is purchased for such contract in accordance with applicable
statutes, rules and regulations.

                                       3
<PAGE>

          (f)  Provide  access to  Secured  Party to audit  Grantor's  books and
records during business hours upon reasonable notice to Grantor.

          (g) Take good faith steps to protect and  preserve all trade names and
copyright  included  in  the  Collateral,  including,  without  limitation,  the
enforcement of any claims for infringement.

          (h) Not enter into any license or other  transfer of all trade  names,
servicemarks,  trademarks or copyrights included in the Collateral,  without the
prior written  consent of Secured Party which consent may be withheld at Secured
Party's  sole and absolute  discretion  provided  that no such consent  shall be
required to enter into a license  thereof to an affiliated  entity  controlling,
controlled  by or under  common  control  with  Grantor so long as the  licensee
thereunder remains so affiliated.

     6. [Intentionally Deleted]

     7. Events of Default.  Any one or more of the following  shall be an "Event
of Default" hereunder, provided however, that in the case of an Event of Default
under Sections 7(c) and 7(g), Grantor shall have the right to cure such default,
provided  further that such right of cure shall lapse on the date that is thirty
(30) days after the date the Secured Party delivers to Grantor written notice of
such default:

          (a) There shall occur a Default  Event under the  Debentures  or under
the Guarantee.

          (b) Grantor shall breach in any material respect any term,  provision,
warranty or representation under the Obligations.

          (c) If Grantor should become insolvent; or should be unable to pay its
debts as they mature;  or should make an assignment for the benefit of creditors
or to an agent authorized to liquidate any substantial  amount of its properties
or  assets,  or should  file a  voluntary  petition  in  bankruptcy  or  seeking
reorganization  or to  effect a plan or other  arrangement  with  creditors;  or
should file an answer  admitting the  jurisdiction of any court and the material
allegations  of an  involuntary  petition  filed pursuant to any Act of Congress
relating to  bankruptcy or  reorganization;  or should join in any such petition
for an  adjudication or for a  reorganization  or other  arrangement;  or should
become or be  adjudicated  a  bankrupt;  or should  apply for or  consent to the
appointment  of or consent  that an order be made  appointing  any  receiver  or
trustee for itself or for any of its  properties,  assets or business;  or if an
order should be entered  pursuant to any Act of Congress  relating to bankruptcy
or reorganization;  or if a receiver or a trustee should be appointed for all or
a substantial part of its properties, assets or business.

          (d) If any  warrant of  attachment,  execution  or other writ shall be
issued or levied upon any of the Collateral,  and such attachment,  execution or
other writ shall  remain  undischarged  and  unstayed  for a period in excess of
thirty  (30)  days or  Grantor  shall  fail to post (or cause to be  posted)  an
indemnity  bond for the  maximum  liability  pursuant  to any  such  attachment,
execution or other writ.

                                       4
<PAGE>

          (e) Should any statements,  schedules or other documents  furnished by
Grantor to Secured Party prove false or incorrect in any material respect.

          (f) Grantor shall voluntarily or involuntarily discontinue business.

          (g) Other  than as the  result of any  action or  omission  of Secured
Party, and subject to Section 2, there is a material  impairment of the priority
of Secured Party's security interest in the Collateral.

          (h) Should Grantor sell, transfer,  assign or otherwise dispose of, in
one or more  transactions,  (i) all or substantially  all of its assets, or (ii)
all or a substantial  portion of the business  operations of Grantor, or (b) the
holders  as of the date  hereof of the  beneficial  interest  in the  issued and
outstanding  voting  capital  stock  of  Grantor  shall  transfer  on  either  a
nondiluted  basis  or  on a  fully  diluted  basis  (assuming  all  instruments,
securities  or  agreements  which are  convertible  into,  exchangeable  for, or
options or rights to purchase,  voting  capital stock of Grantor is  immediately
exercisable) an aggregate of 50.1% of the capital stock of the Grantor.

     8. Secured Party  Appointed  Attorney-in-Fact.  Grantor hereby  irrevocably
appoints Secured Party as Grantor's attorney-in-fact, with full authority in the
place  and  stead  of  Grantor  and in the  name of  Grantor,  Secured  Party or
otherwise,  from time to time in Secured Party's  discretion upon the occurrence
and during the  continuance  of an Event of  Default,  to take any action and to
execute any  instrument  which Secured Party may deem  necessary or advisable to
accomplish the purposes of this Agreement.

     9. Secured  Party May Perform.  If Grantor  fails to perform any  agreement
contained  herein,  Secured Party may itself perform,  or cause  performance of,
such  agreement,  and the expenses so incurred in connection  therewith shall be
payable by the Grantor under Section 13(b) hereof.

     10. Secured Party's Duties. The powers conferred on Secured Party hereunder
are solely to protect its  interest in the  Collateral  and shall not impose any
duty upon it to exercise  any such  powers.  Except for the safe  custody of any
Collateral in Secured Party's  possession and the accounting for moneys actually
received by it hereunder,  Secured Party shall have no duty as to any Collateral
or as to the taking of any  necessary  steps to preserve  rights  against  prior
parties or any other rights pertaining to any Collateral.

     11.  Remedies.  If  any  Event  of  Default  shall  have  occurred  and  be
continuing, without Grantor curing such default where permitted in Section 7:

          (a) Secured  Party may, at its election,  and as hereby  authorized by
Grantor,  exercise in respect of the Collateral, in addition to other rights and
remedies  provided for herein or  otherwise  available to it, all the rights and
remedies of a secured party on default under the Commercial Code of the State of
California (or other  applicable  Uniform  Commercial Code)  (collectively,  the
"Code")  (whether or not the Code applies to the affected  Collateral)  and also
may:

               (i) require Grantor to, and Grantor hereby agrees that it will at
its expense and upon request of Secured Party forthwith, assemble all or part of
the Collateral as

                                       5
<PAGE>

directed by Secured  Party and make it available to Secured  Party at a place to
be designated by Secured Party which is reasonably convenient to both parties;

               (ii) without  notice or demand or legal  process,  enter upon any
premises of Grantor and take possession of the Collateral; and

               (iii)  without  notice  except  as  specified  below,   sell  the
Collateral or any part thereof in one or more parcels at public or private sale,
at any of Secured Party's offices or elsewhere, at such time or times, for cash,
on credit or for  future  delivery,  and at such  price or prices  and upon such
other terms as Secured Party may deem  commercially  reasonable.  Grantor agrees
that, to the extent notice of sale shall be required by law, at least five days'
notice to  Grantor  of the time and place of any  public  sale or the time after
which any private sale is to be made shall constitute  reasonable  notification.
At any sale of the Collateral, if permitted by law, Secured Party may bid (which
bid may be, in whole or in part, in the form of  cancellation  of  indebtedness)
for and  purchase  the  Collateral  or any  portion  thereof  for the account of
Secured  Party.  Secured  Party  shall  not be  obligated  to make  any  sale of
Collateral  regardless  of notice of sale having been given.  Secured  Party may
adjourn any public or private sale from time to time by announcement at the time
and place fixed therefor,  and such sale may, without further notice, be made at
the time and place to which it was so adjourned;

          (b) All cash proceeds received by Secured Party in respect of any sale
of, collection from, or other realization upon all or any part of the Collateral
may only be held by Secured Party as collateral  for, and/or then or at any time
thereafter  applied  (after  payment of any  amounts  payable  to Secured  Party
pursuant to Section 13 hereof) in whole or in part by Secured  Party against all
or any part of the Obligations, as it sees fit. Any surplus of such cash or cash
proceeds held by Secured Party and remaining after payment in full of all of the
Obligations  shall be paid over to the Grantor or to whomsoever  may be lawfully
entitled to receive such surplus.

          (c) Secured  Party may, at its election,  and as hereby  authorized by
Grantor,  require Grantor forthwith to account for and transmit to Secured Party
in the same form as received  all  proceeds  (other than  physical  property) of
collection of accounts  received by Grantor and, until so  transmitted,  to hold
the same in trust for the Secured Party and not commingle such proceeds with any
other funds of Grantor.

          (d) Secured  Party may, at its election,  and as hereby  authorized by
Grantor, ship, reclaim,  recover, store, finish,  maintain,  repair, prepare for
sale,  advertise  for sale and sell (in the  manner  provided  for  herein)  the
Collateral.

          (e) Secured  Party's rights and remedies under this Agreement shall be
cumulative.  Grantor  hereby  agrees  that,  subject  to  Section  7, all of the
foregoing may be effected  without  demand,  advertisement  or notice (except as
otherwise provided herein or as may be required by law), all of which (except as
otherwise provided) are hereby expressly waived, to the extent permitted by law.
Secured  Party  shall  not  be  obligated  to do any  of  the  acts  hereinabove
authorized,  but in the  event  that  Secured  Party  elects to do any such act,
Secured Party shall not be  responsible  to the Grantor under any  circumstance.
Secured Party shall have all other rights and remedies not inconsistent herewith
as provided under the Code, by law, or in

                                       6
<PAGE>

equity.  No exercise by Secured  Party of one right or remedy shall be deemed an
election,  and no waiver by Secured Party of any default on Grantor's part shall
be deemed a continuing  waiver. No delay by Secured Party in enforcing any right
or remedy hereunder shall constitute a waiver, election or acquiescence by it.

     12. Amendments.  No amendment or waiver of any provision of this Agreement,
nor  consent to any  departure  by the Grantor  herefrom,  shall in any event be
effective  unless the same shall be in writing and signed by Secured Party,  and
then such waiver or consent shall be effective only in the specific instance and
for the specific purpose for which given.

     13. Indemnity and Expenses.

          (a) Grantor  agrees to defend,  indemnify  and hold  harmless  Secured
Party from and against any and all claims,  losses and  liabilities  arising out
of, resulting from or relating to this Agreement, any of the Collateral,  any of
the Obligations secured thereby, or any of the transactions contemplated by this
Agreement,  except claims,  losses or liabilities resulting from Secured Party's
gross negligence or willful misconduct.

          (b)  Grantor  will upon  demand  pay to  Secured  Party (in the manner
provided in Section 16 hereof) the amount of any and all expenses, including the
reasonable  fees and  disbursements  of counsel  and of any  experts and agents,
which Secured Party may incur in connection with (i) the  administration of this
Agreement and the transactions  contemplated by the foregoing, (ii) the custody,
preservation,  use or operation  of, or the sale of,  collection  from, or other
realization  upon,  any of the  Collateral,  (iii) the exercise,  enforcement or
protection  of any of the  rights  under  this  Agreement  and the  transactions
contemplated  by the  foregoing,  or (iv) the  failure by Grantors to perform or
observe any of the provisions hereof.

     14. Notices. Any notice,  request,  demand or other communication  provided
for hereunder shall be in writing and shall be personally  served,  delivered by
nationally  recognized overnight courier,  special next day delivery, or sent by
United States mail certified delivery, or telecopied to the appropriate party at
the address set forth below (or at any other  address as may be designated by it
in a written notice sent to the other party in accordance with this section) and
shall be deemed to have been given, as applicable,  when personally  served, the
next business day after deposit with a nationally  recognized overnight courier,
special next day delivery, with verification of receipt, or three (3) days after
its deposit in the United States mail, certified delivery, with postage prepaid,
or when telecopied (with mechanical confirmation).  Any notice, request, demand,
direction or other  communication  given by telecopier must be confirmed  within
forty-eight (48) hours by letter mailed or delivered to the appropriate party at
its respective address.  Unless otherwise designated by the appropriate party in
a  written  notice  sent to the other  party in  accordance  with this  section,
notices shall be directed to the appropriate party at the following addresses:

          If to Grantor:

               Trident Society, Inc.
               4312 Woodman Avenue

                                       7
<PAGE>

               3rd Floor
               Sherman Oaks, California 91423

          If to the Secured Party:

               CapEx, L.P.
               518 Seventeenth Street, Suite 1700
               Denver, Colorado 80202
               Telecopier No. (303) 869-4644
               Telephone No. (303) 869-4700
               Attention:  Evan Zucker, Managing Partner

          with a copy to:

               Moye Giles LLP
               1225 Seventeenth Street, 29th floor
               Denver, Colorado 80202-5529
               Telecopier No. (303) 292-4510
               Telephone No. (303) 292-2900
               Attention: Edward D. White III, Esq.

     15. Continuing Security Interest;  Transfer.  This Agreement shall create a
continuing  security  interest  in the  Collateral  and shall (i) remain in full
force  and  effect  until  payment  in  full  of all  amounts  owing  under  the
Obligations and this Agreement (ii) be binding upon Grantor,  its successors and
assigns  and (iii)  inure to the  benefit of Secured  Party and its  successors,
transferees and permitted assigns.  Upon the payment and satisfaction in full of
all of the Obligations, the security interest granted hereby shall terminate and
all rights to the Collateral shall revert to Grantor. Upon any such termination,
Secured  Party will, at Grantor's  expense,  execute and deliver to Grantor such
documents as Grantor shall reasonably request to evidence such termination,  and
return any Collateral in its possession.

     16. Manner of Payments.  Secured  Party shall provide  Grantor with payment
instructions,  including bank accounts and wire transfer  instructions,  for any
payments owed under the Obligations.

     17. Return of Payment. Grantor hereby agrees that if at any time all or any
part of any payment  theretofore  paid by Grantor  and applied by Secured  Party
under any of the  Obligations  is  returned  by  Secured  Party  for any  reason
whatsoever   (including,   without  limitation,   the  insolvency,   bankruptcy,
reorganization  or  assignment  for the benefit of  creditors  of Grantor)  such
Obligations,  for the purpose of this Agreement, to the extent that such payment
is returned,  shall be deemed to have  continued in  existence,  notwithstanding
such  application  by Secured  Party,  and this  Agreement  shall continue to be
effective or be reinstated,  as the case may be, as to such Obligations,  all as
though such application by Secured Party had not been made.

     18. General Provisions.

          (a)  This  Agreement  shall  bind  and  inure  to the  benefit  of the
respective successors and permitted assigns of each of the parties.  Grantor may
not assign its rights and

                                       8
<PAGE>

obligations under this Agreement to a third party, except upon the prior written
consent of Secured Party, given or withheld in its sole and absolute discretion.

          (b) Section  headings  and section  numbers have been set forth herein
for convenience only.

          (c) In the  event  that  any  one or more  of the  provisions  of this
Agreement shall be declared to be illegal or  unenforceable  under any law, rule
or regulation, such illegality or unenforceability shall not affect the validity
and enforceability of the other provisions of this Agreement.

          (d) This Agreement and the documents provided hereunder constitute the
entire  agreement and  understanding  of the parties  hereto with respect to the
subject  matter  of  this  Agreement,   and  supersede  all  prior  discussions,
agreements and understandings between the parties with respect thereto.

          (e) EACH OF THE PARTIES  HERETO  HEREBY WAIVES ANY RIGHT TO A TRIAL BY
JURY IN ANY SUIT,  ACTION  OR  PROCEEDING  ARISING  OUT OF OR  RELATING  TO THIS
AGREEMENT  AND AGREES THAT ANY SUCH SUIT,  ACTION OR  PROCEEDING  SHALL BE TRIED
BEFORE A COURT AND NOT BEFORE A JURY.

          (f) This  Agreement  shall be governed by and  construed in accordance
with the laws of the State of California.

          (g) The failure of either  party  hereto to enforce at any time any of
the provisions  hereof shall not be construed to be a waiver of such  provisions
or of the right of such party thereafter to enforce any such provisions.

          (h) No  provision  of this  Agreement  shall be  construed  against or
interpreted  to the  disadvantage  of either  party hereto by any court or other
governmental  or  judicial  authority  by reason of such  party  having or being
deemed to have structured or dictated such provision.  Unless otherwise  defined
herein,  terms  used  in  Division  9 of the  Commercial  Code of the  State  of
California are used herein as therein defined.

          (i) Grantor waives demand,  notice,  protest,  notice of acceptance of
this  Agreement or other  action taken in reliance  hereon and any and all other
demands and notices of any description.

          (j) Grantor agrees that it shall deliver to Secured Party on or before
the effective  date of this  Agreement  evidence of corporate  authority and due
execution in form and substance reasonably acceptable to Secured Party.

     IN WITNESS WHEREOF,  each party hereto has caused this Agreement to be duly
executed and delivered as of the date first above written.

                                       9
<PAGE>

THE NEPTUNE SOCIETY OF AMERICA           CAPEX, L.P.
                                         By:      RBP, LLC, its General Partner

By:                                      By:
      ------------------------------            -------------------------------
Name:                                    Name:  Evan Zucker
      ------------------------------
Title:                                   Title: Managing Member
      ------------------------------

                                       10
<PAGE>

                                    EXHIBIT A

                            DESCRIPTION OF COLLATERAL

     (a) All contracts,  if any, whether now existing or hereafter  entered into
between  Grantor,   Neptune-Los  Angeles,  Ltd.,  Neptune-Santa  Barbara,  Ltd.,
Neptune-St. Petersburg, Ltd. and other "Neptune" entities heretofore established
by Grantor or any of their affiliates,  subsidiaries,  or licensees,  on the one
hand, and individuals on the other hand, for the provision of cremation services
at the time of death ("Neptune Pre-Need Contracts");

     (b)  All  funds  paid  by  individuals  pursuant  to the  Neptune  Pre-Need
Contracts including those funds required to be trusted;

     (c)  All  machinery,  electrical  and  electronic  components,   equipment,
fixtures,  furniture,  office machinery,  computers,  vehicles, boats, trailers,
implements and other tangible  personal  property of every kind and  description
now owned or  hereafter  acquired  by Grantor and all goods of like kind or type
hereafter acquired by Grantors in substitution or replacement  thereof,  and all
additions and accessions thereto  (collectively  hereinafter  referred to as the
"Equipment")  and all rents,  proceeds and products of the Equipment  including,
without limitation, the rights to insurance covering the Equipment;

     (d) The  following  personal  property,  whether  now  owned  or  hereafter
acquired: (i) all inventions,  processes,  formulae,  licenses,  patents, patent
rights,  copyright,  including the Neptune Society Information Book, trademarks,
trademark rights,  service marks,  service mark rights,  trade names, trade name
rights, logos, indicia, corporate and company names, business source or business
identifiers and renewals and extensions thereof,  domestic and foreign,  whether
now owned or hereafter  acquired,  and the accompanying  goodwill;  and (ii) the
right (but not the  obligation) to register claims under trademark or patent and
to renew and  extend  such  trademarks  or  patents  and the right  (but not the
obligation)  to sue in the name of Grantor  or in the name of Secured  Party for
past, present or future infringement of trademark or patent; and

     (e) All  cash and cash  equivalents  of  Grantor  and all  drafts,  checks,
certificates  of deposit,  notes,  bills of exchange  and other  writings  which
evidence  a right  to the  payment  of  money  and are not  themselves  security
agreements  or  leases  and are of a type  which is in the  ordinary  course  of
business  transferred  by delivery with any necessary  endorsement or assignment
whether now owned or hereafter acquired; and

     (f) To the extent not included in the items  described in  subsections  (a)
through  (e)  above,  all  accounts,   contract  rights,   general  intangibles,
documents,  instruments,  chattel paper, goods, inventory and equipment (as such
terms are  defined in the  California  Commercial  Code) now owned or  hereafter
acquired by Grantor, and the proceeds and products thereof.

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