Document:

THIS
COMMON STOCK PURCHASE WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
ACT, AS  AMENDED (THE “1933 ACT”). THE HOLDER HEREOF, BY PURCHASING THIS
COMMON STOCK PURCHASE WARRANT, AGREES  FOR THE BENEFIT OF THE COMPANY THAT SUCH
SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY  (A) TO THE COMPANY,
(B) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT, OR (C) IF 
REGISTERED UNDER THE 1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS. IN ADDITION, A
SECURITIES  PURCHASE AGREEMENT (“PURCHASE AGREEMENT”), DATED THE DATE
HEREOF, A COPY OF WHICH MAY BE OBTAINED  FROM THE COMPANY AT ITS PRINCIPAL
EXECUTIVE OFFICE, CONTAINS CERTAIN ADDITIONAL AGREEMENTS AMONG THE  PARTIES,
INCLUDING, WITHOUT LIMITATION, PROVISIONS WHICH LIMIT THE EXERCISE RIGHTS OF THE HOLDER
AND  SPECIFY MANDATORY REDEMPTION OBLIGATIONS OF THE COMPANY. 

     _________________ 

WIDEPOINT CORPORATION 

COMMON STOCK PURCHASE
WARRANT 

Number of shares: 225,714 

	 	 Holder: 	Westcap
Securities, Inc.                                                               
 18201 Von
Karman Ave, Suite 550
                                                               
Irvine, CA 92612 

Expiration Date: October
29th, 2009 

Exercise Price per Share:
$0.40 

Widepoint Corporation, a company
organized and existing under the laws of the State of Delaware (the
“Company”), hereby certifies that, for value received,
Westcap Securities, Inc., or its registered assigns (the “Warrant
Holder”), is entitled, subject to the terms set forth below, to
purchase from the Company up to 225,714 shares (the “Warrant
Shares”) of common stock, $0.001 par value (the “Common
Stock”), of the Company (each such share, a “Warrant
Share” and all such shares, the “Warrant
Shares”) in exchange for (a) one (1) Warrant and (b) 0.40 per Warrant
Share (as adjusted from time to time as provided in Section 7) (the “Exercise
Price”), at any time and from time to time from and after the date
thereof and through and including 5:00 p.m. New York City time on October 29th,
2009 (or eighteen months of effectiveness of a Registration Statement subsequent to the
issuance herein, whichever is longer)(the “Expiration Date”), and subject to the
following terms and conditions: 

        1.    Registration
of Warrant. The Company shall register this Warrant upon           records to be
maintained by the Company for that purpose (the           “Warrant Register”),
in the name of the record           Warrant Holder hereof from time to time. The Company
may deem and treat the           registered Warrant Holder of this Warrant as the
absolute owner hereof for the           purpose of any exercise hereof or nay
distribution to the Warrant Holder, and           for all other purposes, and the Company
shall not be affected by notice to the           contrary.  

        2.    Investment
Representation. The Warrant Holder by accepting this Warrant           represents
that the Warrant Holder is acquiring this Warrant for its own account           or the
account of an affiliate for investment purposes and not with the view to           any
offering or distribution and that the Warrant Holder will not sell or           otherwise
dispose of this Warrant or the underlying Warrant Shares in violation           of
applicable securities laws. The Warrant Holder acknowledges that the
          certificates representing any Warrant Shares will bear a legend indicating that
          they have not been registered under the United States Securities Act of 1933,
as           amended (the “1933 Act”) and may not be sold
by           the Warrant Holder except pursuant to an effective registration statement or
          pursuant to an exemption from registration requirements of the 1933 Act and in
          accordance with federal and state securities laws. If this Warrant was acquired
          by the Warrant Holder pursuant to the exemption from the registration
          requirements of the 1933 Act afforded by Regulation S thereunder, the Warrant
          Holder acknowledges and covenants that this Warrant may not be exercised by or
          on behalf of a Person during the one year distribution compliance period (as
          defined in Regulation S) following the date hereof. “Person” means
an individual, partnership, firm, limited           liability company, trust, joint
venture, association, corporation, or any other           legal entity.  

        3.    Validity
of Warrant and Issue of Shares. The Company represents and           warrants that
this Warrant has been duly authorized and validly issued and           warrants and
agrees that all of Common Stock that may be issued upon the           exercise of the
rights represented by this Warrant will, when issued upon such           exercise, be
duly authorized, validly issued, fully paid and nonassessable and           free from all
taxes, liens and charges with respect to the issue thereof. The           Company further
warrants and agrees that during the period within which the           rights represented
by this Warrant may be exercised, the Company will at all           times have authorized
and reserved a sufficient number of Common Stock to           provide for the exercise of
the rights represented by this Warrant.  

2 

        4.    Registration
of Transfers and Exchange of Warrants. 

            a.       Subject
to compliance with the legend set forth on the face of this Warrant,           the
Company shall register the transfer of any portion of this Warrant in the
          Warrant in the Warrant Register, upon surrender of this Warrant with the Form
of           Assignment attached hereto duly completed and signed, to the Company at the
          office specified in or pursuant to Section 8. Upon any such registration or
          transfer, a new warrant to purchase Common Stock, in substantially the form of
          this Warrant (any such new warrant, a “New           Warrant”),
evidencing the portion of this Warrant so           transferred shall be issued to the
transferee and a New Warrant evidencing the           remaining portion of this Warrant
not so transferred, if any, shall be issued to           the transferring Warrant Holder.
The acceptance of the New Warrant by the           transferee thereof shall be deemed the
acceptance of such transferee of all of           the rights and obligations of a Warrant
Holder of a Warrant.  

            b.       This
Warrant is exchangeable, upon the surrender hereof by the Warrant           Holder to the
office of the Company specified in or pursuant to Section 9 for           one or more New
Warrants, evidencing in the aggregate the right to purchase the           number of
Warrant Shares which may then be purchased hereunder. Any such New           Warrant will
be dated the date of such exchange.  

        5.    
Exercise of Warrants.  

            a.       Upon
surrender of this Warrant with the Form of Election to Purchase           attached hereto
duly completed and signed to the Company, at its address set           forth in Section
8, and upon payment and delivery of the Exercise Price per           Warrant Share
multiplied by the number of Warrant Shares that the Warrant Holder           intends to
purchase hereunder, in lawful money of the United States of America,           in cash or
by certified or official bank check or checks, to the Company, all as           specified
by the Warrant Holder in the Form of Election to Purchase, the Company           shall
promptly (but in no event later than seven (7) business days after the           Date of
Exercise [as defined herein]) issue or cause to be issued and cause to           be
delivered to or upon the written order of the Warrant Holder and in such name
          or names as the Warrant Holder may designate (subject to the restrictions on
          transfer described in the legend set forth on the face of this Warrant), a
          certificate for the Warrant Shares issuable upon such exercise, with such
          restrictive legend as required by the 1933 Act. Any person so designated by the
          Warrant Holder to receive Warrant Shares shall be deemed to have become holder
          of record of such Warrant Shares as of the Date of Exercise of this Warrant.  

            b.                 A
“Date of Exercise” means the date on which the Company shall have
          received (i) this Warrant (or any New Warrant, as applicable), with the Form of
          Election to Purchase attached hereto (or attached to such New Warrant)
          appropriately completed and duly signed, and (ii) payment of the Exercise Price
          for the number of Warrant Shares so indicated by the Warrant Holder to be
          purchased.  

3 

            c.       This
Warrant shall be exercisable at any time and from time to time for such           number
of Warrant Shares as is indicated in the attached Form of Election To           Purchase.
If less than all of the Warrant Shares which may be purchased under           this
Warrant are exercised at any time, the Company shall issue or cause to be
          issued, at its expense, a New Warrant evidencing the right to purchase the
          remaining number of Warrant Shares for which no exercise has been evidenced by
          this Warrant.  

            d.                 (i)Notwithstanding
anything contained herein to the contrary, the holder           of this Warrant may, at
its election exercised in its sole discretion, exercise           this Warrant in whole
or in part and, in lieu of making the cash payment           otherwise contemplated to be
made to the Company upon such exercise in payment           of the Aggregate Exercise
Price, elect instead to receive upon such exercise the           “Net Number” of
shares of Common Stock determined according to           the following formula (a “Cashless
Exercise”):  

Net Number = (A x (B
— C))/B  

            (ii)                 For
purposes of the foregoing formula:  

	 	
A=
the total number shares with respect to which this Warrant is then being exercised.  

	 	
B=
the last reported sale price (as reported by Bloomberg) of the Common Stock on
immediately preceding the date of the Exercise Notice. 

	 	
C=
the Warrant Exercise Price then in effect at the time of such exercise.  

            e.                 The
holder of this Warrant agrees not to elect for a period of one (1) year a
          Cashless Exercise. The holder of this Warrant also agrees not to elect a
          Cashless Exercise so long as there is an effective registration statement for
          the shares underlying this Warrant.  

        6.    Adjustment
of Exercise Price and Number of Shares. The character of the           shares of
stock or other securities at the time issuable upon exercise of this           Warrant
and the Exercise Price therefore, are subject to adjustment upon the           occurrence
of the following events, and all such adjustments shall be           cumulative;
provided, however, that no adjustment shall be made to this Warrant           as a result
of any agreement to which the Company is a party as of the date of           this
Warrant:  

            a.       Adjustment
for Stock Splits, Stock Dividends, Recapitalizations, Etc. The           Exercise
Price of this Warrant and the number of shares of Common Stock or other
          securities at the time issuable upon exercise of this Warrant shall be
          appropriately adjusted to reflect any stock dividend, stock split, combination
          of shares, reclassification, recapitalization or other similar event affecting
          the number of outstanding shares of stock or securities.  

4 

            b.       Adjustment
for Reorganization, Consolidation, Merger, Etc. In case of any
          consolidation or merger of the Company with or into any other corporation,
          entity or person, or any other corporate reorganization, in which the Company
          shall not be the continuing or surviving entity of such consolidation, merger
or           reorganization (any such transaction being hereinafter referred to as a “Reorganization”), then,
in each case, the holder of this           Warrant, on exercise hereof at any time after
the consummation or effective date           of such Reorganization (the “Effective
Date”),           shall receive, in lieu of the shares of stock or
other securities at any time           issuable upon the exercise of the Warrant issuable
on such exercise prior to the           Effective Date, the stock and other securities
and property (including cash) to           which such holder would have been entitled
upon the Effective Date if such           holder had exercised this Warrant immediately
prior thereto (all subject to           further adjustment as provided in this Warrant).  

            c.    Certificate
as to Adjustments. In case of any adjustment or           readjustment in the
price or kind of securities issuable on the exercise of this           Warrant pursuant
to Section 7(a) or (b) above, the Company will promptly give           written notice
thereof to the holder of this Warrant in the form of a           certificate, certified
and confirmed by the Board of Directors of the Company,           setting forth such
adjustment or readjustment and showing in reasonable detail           the facts upon
which such adjustment or readjustment is based.  

        7.    Fractional
Shares. The Company shall not be required to issue or cause to           be issued
fractional Warrant Shares on the exercise of this Warrant. The number           of full
Warrant Shares that shall be issuable upon the exercise of this Warrant           shall
be computed on the basis of the aggregate number of Warrants Shares           purchasable
on exercise of this Warrant so presented. If any fraction of a           Warrant Share
would, except for the provisions of this Section 7, be issuable on           the exercise
of this Warrant, the Company shall, at its option, (i) pay an           amount in cash
equal to the Exercise Price multiplied by such fraction or (ii)           round the
number of Warrant Shares issuable, up to the next whole number.  

        8.    Notice. All
notices and other communications hereunder shall be in           writing and shall be
deemed to have been given (i) on the date they are           delivered if delivered in
person; (ii) on the date initially received if           delivered by facsimile
transmission followed by registered or certified mail           confirmation; (iii) on
the date delivered by an overnight courier service; or           (iv) on the third
business day after it is mailed by registered or certified           mail, return receipt
requested with postage and other fees prepaid as follows:  

5 

	 	
If
to the Company:  

	 	
WidePoint
Corporation                            
One Lincoln Centre
                           
Suite 1100                            
Oakbrook Terrace, IL
60181                            
Attn: James T. McCubbin 

	 	
If
to the Warrant Holder:  

	 	
Westcap
Securities, Inc.                            
18201 Von Karman Ave, Suite 550
                           
Irvine, CA 92612 

        9.    
Miscellaneous.  

            a.       This
Warrant shall be binding on and inure to the benefit of the parties           hereto and
their respective successors and permitted assigns. This Warrant may           be amended
only in writing and signed by the Company and the Warrant Holder.  

            b.       Nothing
in this Warrant shall be construed to give to any person or           corporation other
than the Company and the Warrant Holder any legal or equitable           right, remedy or
cause of action under this Warrant; this Warrant shall be for           the sole and
exclusive benefit of the Company and the Warrant Holder.  

            c.                 This
Warrant shall be governed by, construed and enforced in accordance with the
          internal laws of the State of New York without regard to the principles of
          conflicts of law thereof.  

            d.       The
headings herein are for convenience only, do not constitute a part of           this
Warrant and shall not be deemed to limit or affect any of the provisions
          hereof.  

            e.       In
case any one or more of the provisions of this Warrant shall be invalid           or
unenforceable in any respect, the validity and enforceablilty of the           remaining
terms and provisions of this Warrant shall not in any way be affected           or
impaired thereby and the parties will attempt in good faith to agree upon a
          valid and enforceable provision which shall be a commercially reasonably
          substitute therefore, and upon so agreeing, shall incorporate such substitute
          provision in this Warrant.  

            f.       The
Warrant Holder shall not, by virtue hereof, be entitled to any voting or           other
rights of a shareholder of the Company, either at law or equity, and the           rights
of the Warrant Holder are limited to those expressed in this Warrant.  

6 

        IN
WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by the authorized
officer as of October 30, 2004. 

	 	
WidePoint
Corporation 

	 	
By:  /s/ James T. McCubbin 

	 	
Name:   James T. McCubbin          
Title:  V.P and C.F.O. 

7 

FORM OF ELECTION TO
PURCHASE 

(To be executed by the Warrant Holder
to exercise the right to purchase shares of Common Stock under the foregoing Warrant) 

To: WidePoint
Corporation: 

In accordance with the Warrant enclosed
with this Form of Election to Purchase, the undersigned hereby irrevocably elects to
purchase ______________ shares of Common Stock (“Common Stock”), $0.001 par
value, of WidePoint Corporation and encloses one warrant and $0.40 for each Warrant Share
being purchased or an aggregate of $________________ in cash or certified or official bank
check or checks, which sum represents the aggregate Exercise Price (as defined in the
Warrant) together with any applicable taxes payable by the undersigned pursuant to the
Warrant. 

The undersigned requests that
certificates for the shares of Common Stock issuable upon this exercise be issued in the
name of: 

______________________________________________________________  

______________________________________________________________  

______________________________________________________________
                                                             
(Please print name and
address) 

______________________________________________________________
                                                             
(Please insert Social
Security or Tax Identification Number) 

If the number of shares of Common
Stock issuable upon this exercise shall not be all of the shares of Common Stock which the
undersigned is entitled to purchase in accordance with the enclosed Warrant, the
undersigned requests that a New Warrant (as defined in the Warrant) evidencing the right
to purchase the shares of Common Stock not issuable pursuant to the exercise evidenced
hereby be issued in the name of and delivered to: 

______________________________________________________________  

______________________________________________________________  

______________________________________________________________
                                                             
(Please print name and
address) 

	Dated:_____________________ 	Name of Warrant Holder: 
	 
 	(Print) ______________________________________________________________ 
	  
	 	(By:) _______________________________________________________________ 
	  
	 	(Name:) _____________________________________________________________ 
	  
	 	(Title:) ______________________________________________________________ 
	  
	 	Signature must conform in all respects to name of

Warrant Holder as specified on the face of the 
Warrant 

8EXHIBIT 10.1  

EMPLOYMENT AGREEMENT 

        THIS
AGREEMENT is effective February 8, 2005 and replaces the Employment Agreement entered
into on February 1, 2004 as amended on February 7, 2005. 

BETWEEN: 

	  	
THE
NEPTUNE SOCIETY, INC. a Florida corporation having its offices at 4312 Woodman Avenue,
Third Floor, Sherman Oaks, CA 91423;  

	  	
(the
“Company”)

AND: 

	  	
Jerry
Norman, an individual having his residence at 1661 204th Ave, NE, Sammamish,
WA 98074.  

	  	
(the
“Employee”)

        WHEREAS,
the Company wishes to obtain the services of the Employee, and the Employee is willing to
provide his service to the Company upon the terms and conditions set forth in this
Agreement. 

        NOW
THEREFORE, in consideration of the premises and mutual covenants and agreements herein
set forth, the parties hereto mutually covenant and agree as follows: 

CONTRACT FOR SERVICES  

     1.    
          The Company hereby engages the Employee to act as the President and Chief
          Executive Officer. The Employee shall perform all duties incident to such
          position of Chief Executive Officer and other duties as may reasonably be
          required from time to time by the Board of Directors. 

     2.    
          The Employee shall provide the services at the time and in the manner set forth
          herein. The Employee shall perform his duties out of the Sherman Oaks,
          California or Florida office of the Company, but the Company may, at its
          discretion, direct that the duties be provided on occasion in other locations.
          The Employee shall perform his duties as long as a suitable work permit is in
          effect from the appropriate governing authorities. 

VACATION  

     3.    
          Under this Agreement, the Employee is entitled to four weeks vacation per year. 

FEES AND EXPENSES  

4.1     In consideration of the Employee
providing his services as President and Chief Executive Officer, the Company shall pay to
the Employee, $222,000 annually. 

The Company shall provide directly to
the Employee, at no cost, vehicle parking at the office site. Medical or health insurance
benefits for the Employee and Spouse shall be paid by the Company. The Employee will be
directly responsible for all necessary travel, auto, and any other expenses incurred by
the Employee in connection with the provision of the services hereunder, however, expenses
incurred in performance of the work will be reimbursed by The Company per company policy.
Expenses required to be paid by the Company for specifically required Company work, the
Employee shall furnish statements and receipts as a requirement for reimbursement. 

1 

	  	
(a)
                         Housing allowance. In
addition, the Company shall provide the Employee with a                     monthly
housing allowance of $4,000. This amount is in addition to the annual
                    fees stated above. This will be payable on the 15th of each month.  

4.2     Annual Bonus. In addition to the
annual compensation set forth in paragraph 4.1 and conditioned on the Employee being
employed by the Company on December 31st of the applicable year, the Employee
shall be eligible to earn an annual bonus of up to a maximum of 100% of the
Employee’s annual compensation (the “Annual Bonus”). The Annual Bonus shall
be calculated based on achievement of yearly goals to be set by the Board of Directors on
or before December 31st of each year. The Annual Bonus, if any, shall be paid
to the Employee on or before March 31st of the calendar year following the year
in which the goals are achieved even if the Employee is no longer employed by the Company
on March 31st. For the calendar year 2005, the goals set by the Board of
Directors and the manner of calculating the Annual Bonus are attached hereto as Appendix A 

4.3     Stock Options. Employee shall
retain the 150,000 stock options granted pursuant to paragraph 4.3 of the employment
agreement dated February 1, 2004 with the same exercise price of $0.70 US per share,
subject to the following: 

	  	
(a)
               100,000 of the options, to the
extent not already vested, shall vest and become           immediately exercisable as of
the Effective Date of this Agreement;  

	  	
(b)
               In the event that, on or before
December 31, 2005, the Company becomes a           privately-owned company and is no
longer publicly-traded, all of the remaining           stock options, to the extent not
already vested and exercisable, shall           immediately vest and become immediately
exercisable by Employee;  

	  	
(c)
              In the event that, on December 31,
2005, (i) Employee is still employed by the           Company and (ii) the Company is
still a publicly-traded company, 50,000 of the           150,000 options shall be deemed
to have not vested and shall be immediately           relinquished by Employee. For the
avoidance of doubt, the parties have agreed           that the Long Term Incentive
provided in paragraph 4.4 hereof is being granted           to Employee, in part, as
replacement consideration for Employee’s agreement           to relinquish 50,000 of
the 150,000 options in the event that the Company does           not become privately
owned by December 31, 2005.  

For the avoidance of doubt, this
paragraph, and not paragraph 4.3 of the employment agreement dated February 1, 2004, shall
govern the stock options granted to the employee. 

4.4     Long Term Incentive. 

	  	
(1)
                         For purposes of this
paragraph, the capitalized terms shall have the meanings                     set forth
below:  

	  	
(a)
               “EBITDA” means Earnings
Before Interest, Taxes, Depreciation and           Amortization, calculated in accordance
with U.S. Generally Accepted Accounting           Principles. However, extraordinary or
non-recurring expenses such as costs           associated with the opening of a new
office shall not be included in the EBITDA           for purposes of this paragraph.  

	  	
(b)
               “Termination Date” means
the date on which Employee’s employment           terminates or the date on which
this Agreement expires.  

	  	
(c)
               “Employment Period” means
the period of time between the Effective           Date of this Agreement and the
Termination Date.  

	  	
(d)
               “Value” means EBITDA for
the fiscal year ended immediately prior to           the Termination Date, multiplied by
8.  

2 

	  	
(e)
               “Base Value” means EBITDA
for the year ended December 31, 2004,           multiplied by 8. For purposes of this
Agreement, EBITDA for the year ended           December 31, 2004 is deemed to be
$3,125,000, and Base Value is deemed to be           $25,000,000.  

	  	
(f)
               “Increased Value” means
the positive difference between Value and           Base Value.  

	  	
(2)
                         In addition to the annual
compensation set forth in paragraph 4.1, Employee                     shall earn a
one-time bonus equal to 1.5% of the Increased Value (the                     “Bonus
Amount”). The Bonus Amount shall be paid in full within ninety
                    (90) days of the Termination Date. For purposes of example only, in
the event                     the Termination Date is February 7, 2008, and EBITDA for
the fiscal year ended                     immediately prior to February 7, 2008 is
$6,000,000, Employee’s bonus shall                     be equal to $345,000, i.e.,
[($48,000,000-$25,000,000) x 1.5% = $23,000,000 x                     1.5% = $345,000]  

	  	
(3)
                         No Bonus Amount shall be
earned by Employee or be payable hereunder in the                     event that:  

	  	
(a)              Employee
is terminated for cause; or  

	  	
(b)
               During the Employment Period, the
Value of the Company has not increased by a           minimum of 15% per year (as
averaged over the Employment Period).  

CONFIDENTIAL INFORMATION  

     5.    
          The Employee shall well and faithfully provide the service to the Company, and
          use his best efforts to promote the interest thereof and shall not disclose
          (either during the term of this Agreement or at any time thereafter) the private
          affairs of the Company or any non-public trade secret of the Company, to any
          persons other than the Management of the Company, or as required in the normal
          course of business and shall not use (either during the continuance of this
          Agreement or at any time thereafter) for his own purposes, or for any purposes
          other than those of the Company, any information he may acquire with respect to
          the Company’s affairs. The Employee further agrees to execute such further
          and other agreements concerning the secrecy of the affairs of the Company or of
          any companies with which the Company is affiliated or associated, as the
          Management of the Company shall reasonably request. Furthermore, without
          restricting the generality of the foregoing, the Employee shall not either
          during the term of this Agreement or any time thereafter, directly or indirectly
          divulge to any person, firm or corporation: 

	  	
(a)
                         any non-public
intellectual property, proprietary information, know-how, trade
                    secrets, processes, product specifications, new product information
or methods                     of doing business acquired in the course of providing the
services hereunder;  

	  	
(b)
                                            any
non-public information with respect of Company personnel or organization,
                    or any of the financial affairs or business plans of the Company; or  

	  	
(c)
                         any non-public information
in respect of Company pricing policies, sales                     statistics, sales and
marketing plans and strategies, profits, costs, or                     sourcing of
clients.  

TERM OF AGREEMENT  

     6.    
          This Agreement shall become effective on February 8, 2005, and shall continue
          until February 7, 2008 unless terminated upon mutual consent of the Employee and
          the Company, or until termination by the Employee or the Company in accordance
          with Sections 7 or 8, whichever is earlier. 

3 

BREACH OF AGREEMENT  

     7.    
          Without prejudice to any remedy the Company may have against the Employee for
          any breach or non-performance of this Agreement, the Company may terminate this
          Agreement, subject to Section 11, for breach by the Employee at any time
          effective immediately and without notice and without any payment for any
          compensation either by way of anticipated earnings or damage of any kind to him
          whatsoever, save and except in respect of fees payable to the date of such
          termination. For the purposes of this paragraph, any one of the following events
          shall constitute breach of this Agreement sufficient for termination, provided
          however, that the following events shall not constitute the only reasons for
          termination: 

	  	
(a)
                         being guilty of any
dishonesty or gross neglect in the provision of the                     services
hereunder; or  

	  	
(b)
                         being convicted of any
criminal offense, other than an offense which in the                     reasonable
opinion of the Company does not affect his position as a
                    representative of the Company; or  

	  	
(c)
                         becoming bankrupt or
making any arrangement or composition with his creditors;                     or  

	  	
(d)
                         alcoholism or drug
addiction of the Employee which impairs his ability to                     provide the
services required hereunder; or  

	  	
(e)
                         excessive and unreasonable
absence of the Employee from the performance of the                     services for any
reason other than for absence or incapacity specifically                     allowed
hereunder.  

	  	
(f)
                         The breach of any clause
or term, including but not limited to Section 6 of                     this Agreement and
the attached Addendum (if any) to this Agreement  

TERMINATION  

8.1     The Employee shall be entitled to
terminate this Agreement, at any time by giving 4 weeks notice in writing to the Board of
Directors. 

8.2     The Company shall be entitled to
terminate this Agreement at any time without cause by giving Employee four (4) weeks
notice in writing of the termination. In the event that Employee’s employment is
terminated without cause, the Company shall pay to Employee (i) any salary and accrued
vacation pay earned but unpaid as of the date of termination; (ii) a severance payment in
an amount equal to seven months of the salary set forth in paragraph 4.1 if during the
first year of this Agreement or eight months of the salary set forth in paragraph 4.1 if
during the second or third year of this Agreement; (iii) the Bonus Amount; and (iv) any
Annual Bonus earned by the Employee but unpaid on the date of termination. Items (i) and
(ii) shall be paid on the date of termination. Item (iii) shall be paid within ninety (90)
days after the date of termination. Item (iv) shall be paid on or before March
31st. The Company shall have no further obligation to Employee hereunder.
Employee acknowledges and agrees that the payments set forth herein constitute liquidated
damages for termination of his employment without cause and shall be Employee’s sole
and exclusive remedy. 

OWNERSHIP AND USE OF
WORK PRODUCTS  

9.1     The Employee agrees that any work
product produced by the Employee in furtherance of the business of the Company, developed
by the Employee, will be the sole and exclusive property of the Company. 

9.2     This Agreement does not apply to
general techniques, formulae, concepts or method for which no equipment, supplies,
facility or other resources or trade secret information of the Company was used and which
was developed entirely on the Employee’s own time unless such general techniques,
formulae, concepts or method relates directly to the actual or specifically targeted
business of the Company. 

4 

9.3     At any and all times during the
term of this Agreement, the Employee will promptly, on the request of the Company, perform
all such reasonable acts and execute and deliver all such documents that may be necessary
to vest in the Company the entire right, title and interest in and to any such work
products determined, by the Company, to be the exclusive property of the Company. Should
any such services be rendered after expiration or termination of this Agreement, a
reasonable fee, mutually agreed upon by the Employee and the Company, will be paid to the
Employee on a per diem basis in addition to reasonable expenses incurred as a result of
rendering such services. 

RETURN OF PROPERTY  

     10.    
          In the event of termination of this Agreement, the Employee agrees to return to
          the Company any property, which may be in the possession or control of the
          Employee. 

SURVIVAL  

     11.    
          Notwithstanding the termination of this Agreement for any reason whatsoever, the
          provisions of Section 5, 9, and 10 hereof and any other provision of this
          Agreement necessary to give efficacy thereto shall continue in full force and
          effect for 1 year following such termination. 

NOTICE  

     12.    
          Any notice or other communication (each a “Communication”) to be given
          in connection with this Agreement shall be given in writing and will be given by
          personal delivery addressed as follows: 

	  	TO: 	  	
The Neptune Society                 

4312 Woodman Avenue, Third Floor    

Sherman Oaks, CA 91423              

Attention: President

	  	AND TO: 	  	
Jerry Norman

1661 204th Ave, NE,

Sammamish, WA 98074

or at such other address as shall
have been designated by Communication by either party to the other. Any Communication
shall be conclusively deemed to have been received on the date of delivery. If the party
giving any Communication knows or ought reasonably to know of any actual or threatened
interruptions of the mails, any such Communication shall not be sent by mail but shall be
given by personal delivery. 

ENTIRE AGREEMENT  

     13.    
          This Agreement constitutes and expresses the whole agreement of the parties
          hereto with reference to the services of the Employee by the Company, and with
          reference to any of the matters or things herein provided for, or hereinbefore
          discussed or mentioned with reference to such services; all promises,
          representations, and understandings relative thereto being merged herein. 

AMENDMENTS AND WAIVERS  

     14.    
          No amendment of this Agreement shall be valid or binding unless set forth in
          writing and duly executed by both parties hereto. No waiver or any breach of any
          provision of this Agreement shall be effective or binding unless made in writing
          and signed by the party purporting to give the same and, unless otherwise
          provided in the written waiver, shall be limited to the specific breach waived. 

5 

BENEFIT OF AGREEMENT  

     15.    
          The provisions of this Agreement shall enure to the benefit of and be binding
          upon the legal personal representatives of the Employee and the successors and
          assigns of the Employee and the Company. 

SEVERABILITY  

     16.    
          If any provision of this Agreement is deemed to be void or unenforceable, in
          whole or in part, it shall not be deemed to affect or impair the validity of any
          other provision of this Agreement, and each and every section, subsection and
          provision of this Agreement is hereby declared and agreed to be severable from
          each other and every other section, subsection or provision hereof and to
          constitute separate and distinct covenants. The Employee hereby agrees that all
          restrictions herein are reasonable and valid. 

     17.    
          This Agreement shall be governed by and construed in accordance with the laws of
          the State of California. The Company and the Employee hereby irrevocably consent
          to the jurisdiction of the courts of the State of California. 

COPY OF AGREEMENT  

     18.    
          The Employee hereby acknowledges receipt of a copy of this Agreement duly signed
          by the Company. 

NUMBER AND GENDER  

     19.    
          Wherever the singular is used in this Agreement it is deemed to include the
          plural and wherever the masculine is used it is deemed to include the feminine
          or body politic or corporate where the context or the parties so require. 

        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first
above written: 

	
THE NEPTUNE SOCIETY, INC. 	
EMPLOYEE  

	
            
            
            
            

Authorized Signatory 	
            
            
            
            

Jerry Norman

	
            
            
            
            

Witness	
 

	
            
            
            
            

Name	
 

	
            
            
            
            

Address	
 

6 

Appendix A 

        The
Annual Bonus shall be determined by multiplying the Gross Bonus Amount by the Bonus
Percentage. 

A.     The Bonus Percentage. 

        The
Board of Directors has established five goals to be achieved during the calendar year
2005. Those goals are: 

	  	1. 	  	Generate
$28 million in gross revenue;  

	  	2.  	  	Perform
2,692 at-need cases and           generate $7 million in total services revenue;  

	  	3.  	  	Sell
20,000 new pre-need           contracts and generate $19.95 million in pre-need revenue;  

	  	4.  	  	Achieve
$1 million           in net cash flow from operations and $2.5 million in EBITDA; and  

	  	5.  	  	Open
eight           (8) new locations.  

        For
each one of the above five goals that is achieved by the Company as of the end of the 2005
calendar year, the Employee shall be entitled to 20% of the Gross Bonus Amount as
calculated below (the “Bonus Percentage”). For purposes of example only, if the
Company achieves only one of the above five goals, the Bonus Percentage would be 20%; if
the Company achieves three of the above five goals, the Bonus Percentage would be 60%. 

B.     The Gross Bonus
Amount. 

        The Gross
Bonus Amount will be a product of two figures: (1) the EBITDA multiplier times (2)
the Employee’s annual, salary as set forth in paragraph 4.1. The EBITDA multiplier
will be determined by the EBITDA achieved as follows: 

	
EBITDA	
EBITDA Multiplier
	
Less than
$2,500,000	 	
7.5%	

	$2,500,000	 	30%	
	$3,000,000	 	45%	
	$3,500,000	 	60%	

        For
purposes of example only, if the Company achieves EBITDA for the calendar year 2005 of
$3,000,000, the Gross Bonus Amount shall be 75% of the annual salary set forth in
paragraph 4.1. 

C.     Bonus Amount
Calculation Example. 

        If
the annual salary is $222,000 and the EBITDA is $3,000,000, the Gross Bonus Amount would
be $166,500. If the Bonus Percentage is 60%, the Annual Bonus would be $99,900. 

7

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