Document:

STRATEGIC COLLABORATION AGREEMENT
                        ---------------------------------

This  Agreement is made and entered into on the 28th day of April 2003,  between
Peter Halmos & Sons, Inc. ("PHS") and ParkerVision,  Inc. ("ParkerVision" or the
"Company").

     WHEREAS,  ParkerVision's business and intellectual property assets may have
possible   application   to   business   opportunities   beyond   the  scope  of
ParkerVision's  current  business  plans,  and PHS will  attempt to conceive and
develop,   solely  and  exclusively  through  its  own  efforts,   new  business
opportunities that could have significant profit potential.

     In  consideration of the mutual promises made herein and for other good and
valuable  consideration,   the  receipt  of  sufficiency  of  which  are  hereby
acknowledged, the parties hereto agree as follows:

     1. The term of this Agreement is thirty-six (36) months commencing on April
28th, 2003.

     2. The Company and PHS hereby  undertake a common  enterprise  whereby PHS,
solely and  exclusively  by its own efforts as the  promoter of the  enterprise,
will attempt to conceive and develop new business  opportunities that could have
significant  profit  potential.  As inducement to PHS to attempt to conceive and
develop such new business  opportunities,  the Company  hereby issues to PHS two
hundred fifty thousand (250,000) restricted shares of the Company's Common Stock
("Restricted Shares"). The Restricted Shares shall be issued under the Company's
2000 Performance  Equity Plan. If any provision of this Agreement is in conflict
with the Equity Plan, this Agreement controls.

          (a) Each certificate for Restricted Shares issued under this Agreement
shall bear the following legends:

          "The  securities   represented  by  this  certificate  have  not  been
          registered  under the  Securities  Act of 1933, as amended  ("Act") or
          applicable state law. The securities may not be offered for sale, sold
          or otherwise transferred except pursuant to an effective  registration
          statement under the Act, or pursuant to an exemption from registration
          under the Act and applicable state law."

          "The shares represented hereby are subject to the terms of a Strategic
          Collaboration  Agreement dated April 28th,  2003,  which restricts the
          right of the holder to sell such shares."

          (b) PHS  agrees  that it will not sell,  transfer,  assign,  pledge or
hypothecate more than 83,334 Restricted Shares during each of the next three

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<PAGE>

twelve-month  periods commencing on April 1, 2003 unless and notwithstanding the
foregoing  PHS shall not make any sales until (i) the Company has  received  the
opinion of counsel for PHS that such  Restricted  Shares may be sold pursuant to
an  exemption  from  registration  under the Act and  applicable  state law, the
availability  of which is  established  to the  reasonable  satisfaction  of the
Company or (ii) a registration  statement relating to such Restricted Shares has
been filed by the Company and declared  effective by the Securities and Exchange
Commission  ("SEC") and compliance  with  applicable  state law (and the Company
agrees, at its own cost and expense, to file such registration  statement and to
use best efforts to cause same to become  effective by September  26, 2003,  and
comply with applicable state and other laws and regulations).

          (c) The rights and  obligations  of PHS under this  Section 3 shall be
binding on all  persons to whom PHS  transfers  Shares in other than open market
transactions.

     3.  PHS  acknowledges  that it will  become  privy to  material  non-public
information about the Company. Accordingly, PHS agrees to abide by the Company's
policies regarding trading by insiders.

     4. The Company acknowledges that all information (written or oral) given by
PHS to the Company in connection  with this Agreement is intended solely for the
benefit and use of the Company. The Company shall not make any public references
to PHS,  or use the PHS  name in any  annual  report  or any  other  reports  or
releases of the Company  without PHS' prior  written  consent,  except as may be
required by law.

     5. PHS will  hold in  confidence  any  confidential  information  which the
Company  provides  to PHS  pursuant  to this  Agreement,  which is  clearly  and
conspicuously   identified   as   non-disclosable    confidential   information.
Notwithstanding   the   foregoing,   PHS  shall  not  be  required  to  maintain
confidentiality  with respect to Information (i) which is or becomes part of the
public  domain not due to the breach of this  Agreement by PHS; (ii) of which it
had  independent  knowledge  prior to  disclosure;  (iii)  which  comes into the
possession of PHS in the normal and routine  course of its own business from and
through  independent  non-confidential  sources; or (iv) which is required to be
disclosed by PHS by law, rule or regulation.  If PHS is requested or required to
disclose any confidential  information supplied to it by the Company, PHS shall,
unless prohibited by law, promptly notify the Company of such request(s) so that
the Company may seek an  appropriate  protective  order.  This  paragraph  shall
survive termination of PHS' engagement.

     6. This  Agreement  does not  confer or  convey  to PHS any  right,  title,
interest, license and/or claim, without restriction or limitation, to any of the
Company's intellectual property.

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<PAGE>

     7. The Company  confirms that in attempting to conceive and develop the new
business  opportunities  referenced  herein,  PHS  will  use and  rely on  data,
material  and  other  information  furnished  to  PHS by  the  Company,  without
independently  verifying the accuracy,  completeness  or veracity of same. It is
understood and acknowledged  that the value of PHS' efforts is not quantifiable,
that PHS is not obligated to spend any specific  amount of time,  and that there
is no assurance any new business opportunities will be conceived or developed.

     8. The Company  agrees to indemnify and hold  harmless PHS, its  directors,
officers,   employees,   agents,   representatives   and   controlling   persons
("Indemnified  Parties") from and against any and all losses,  claims,  damages,
liabilities,  judgments, fines, assessments,  suits, actions, proceedings of any
kind,  costs  and  expenses  (collectively,   "Damages"),   including,   without
limitation,  reasonable  attorneys,  expert and  investigator  fees and expenses
reimbursed  as and when  incurred  payable  within  ten (10)  days of  notice or
demand,  at all levels of proceedings  (i.e.  investigatory,  trial,  appellate,
etc.) If such Damages  were,  in any manner  whatsoever,  directly or indirectly
caused  by,  related  to,  based upon or arising  out of the  activities  of PHS
authorized  pursuant to this Agreement,  to the maximum extent permitted by law,
so long as PHS shall not have been finally and irreversibly  adjudicated to have
engaged in  intentional  or willful  misconduct,  or shall have been finally and
irreversibly  adjudicated to have acted grossly negligently,  in connection with
the  matter(s)  which  form the  basis of the claim  for  indemnification.  Such
indemnification (assuming the basis for the claim is valid, as authorized above)
includes  any claim by PHS for breach by the  Company of any  provision  of this
Agreement or the defense of any claim threatened or asserted by the Company, its
stockholders,   or  any   third   party   against   Indemnified   Parties.   The
Indemnification  detailed in this  paragraph 8 will survive  termination of this
Agreement.

     9.  PHS will  and  shall  act as an  independent  contractor  and not as an
employee or agent of the Company or any affiliate  thereof.  Neither PHS nor the
Company  shall have  authority  to act for,  represent  or bind the other or any
affiliate thereof in any manner, except as may be expressly agreed to by PHS and
the Company in writing from time to time.

     10. This Agreement shall constitute the entire Agreement and supercedes all
prior agreements and understandings,  both written and oral, between the Company
and PHS with  respect to the  subject  matter  hereof and,  except as  otherwise
expressly  provided herein,  is not intended to confer upon any other person any
rights or  remedies.  Without  limiting  the  foregoing,  no  representation  or
warranty with respect to PHS or the Company is being made by PHS or the Company,
and the other  party is not  relying  upon any  representations  or  warranties,
except as  expressly  set forth  herein.  If any  portion of this  Agreement  is
determined  to be or becomes  unenforceable  or illegal,  such portion  shall be
reformed to the maximum  extent  necessary in order for this Agreement to remain
in effect in accordance with its terms, as modified by such reformation.

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<PAGE>

     11. No  provision  of this  Agreement  may be amended,  modified or waived,
except in writing signed by both parties.  This Agreement  shall be binding upon
and inure to the benefit of each of the parties and their respective successors,
legal   representatives   and  assigns.   This  Agreement  may  be  executed  in
counterparts. In the event of any dispute under this Agreement, then and in such
event,  each party  agrees  that the same  shall be  submitted  to the  American
Arbitration  Association ("AAA") in the City of Jacksonville,  Florida,  for its
decision and  determination in accordance with its rules and regulations then in
effect.  Each of the parties  agrees that the decision  and/or award made by the
AAA may be entered as judgment of the Courts of the State of Florida,  and shall
be  enforceable  as such.  This  Agreement  shall be  construed  and enforced in
accordance  with the laws of the  State of  Florida,  without  giving  effect to
conflict of laws.

     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Agreement to be
duly executed as of the day and year first written above.

By: /s/ Peter Halmos                    By: /s/ Jeffrey L. Parker

Title: ________________________         Title: _________________________

Date: _________________________         Date: __________________________

                                  Page 4 of 4
<PAGE>EX-4.1

            AMENDED AND RESTATED NON-EMPLOYEE DIRECTORS AND
            CONSULTANTS RETAINER STOCK PLAN (AMENDMENT NO. 2)

                    POINT GROUP HOLDINGS, INCORPORATED
                           AMENDED AND RESTATED
                   NON-EMPLOYEE DIRECTORS AND CONSULTANTS
                            RETAINER STOCK PLAN
                             (AMENDMENT NO. 2)

1.  Introduction.

This plan shall be known as Point Group Holdings, Incorporated Amended
and Restated Non-Employee Directors and Consultants Retainer Stock Plan
(Amendment No. 2) is hereinafter referred to as the "Plan".  The
purposes of the Plan are to enable Point Group Holdings, Incorporated, a
Nevada corporation ("Company"), to promote the interests of the Company
and its shareholders by attracting and retaining non-employee Directors
and Consultants capable of furthering the future success of the Company
and by aligning their economic interests more closely with those of the
Company's shareholders, by paying their retainer or fees in the form of
shares of the Company's common stock, par value one tenth of one cent
($0.001) per share ("Common Stock").

2.  Definitions.

The following terms shall have the meanings set forth below:

"Board" means the Board of Directors of the Company.

"Change of Control" has the meaning set forth in Section 12(d).

"Code" means the Internal Revenue Code of 1986, as amended, and the
rules and regulations thereunder. References to any provision of the
Code or rule or regulation thereunder shall be deemed to include any
amended or successor provision, rule or regulation.

"Committee" means the committee that administers the Plan, as more fully
defined in Section 13.

"Common Stock" has the meaning set forth in Section 1.

"Company" has the meaning set forth in Section 1.

"Deferral Election" has the meaning set forth in Section 6.

"Deferred Stock Account" means a bookkeeping account maintained by the
Company for a Participant representing the Participant's interest in the
shares credited to such Deferred Stock
Account pursuant to Section 7.

"Delivery Date" has the meaning set forth in Section 6.

"Director" means an individual who is a member of the Board of Directors
of the Company.

"Dividend Equivalent" for a given dividend or other distribution means a
number of shares of Common Stock having a Fair Market Value, as of the
record date for such dividend or distribution, equal to the amount of
cash, plus the fair market value on the date of distribution of any
property, that is distributed with respect to one share of Common Stock
pursuant to such dividend or distribution; such fair market value to be
determined by the Committee in good faith.

"Effective Date" has the meaning set forth in Section 3.

"Exchange Act" has the meaning set forth in Section 13(b).

"Fair Market Value" means the mean between the highest and lowest
reported sales prices of the Common Stock on the NYSE Composite Tape or,
if not listed on such exchange, on any other national securities
exchange on which the Common Stock is listed or on NASDAQ on the last
trading day prior to the date with respect to which the Fair Market
Value is to be determined.

"Participant" has the meaning set forth in Section 4.

"Payment Time" means the time when a Stock Retainer is payable to a
Participant pursuant to Section 5 (without regard to the effect of any
Deferral Election).

"Stock Retainer" has the meaning set forth in Section 5.

"Third Anniversary" has the meaning set forth in Section 6.

3.  Effective Date of the Plan.

The Plan was adopted by the Board effective April 25, 2003 ("Effective
Date").

4.  Eligibility.

Each individual who is a Director or Consultant on the Effective Date
and each individual who becomes a Director or Consultant thereafter
during the term of the Plan, shall be a participant ("Participant") in
the Plan, in each case during such period as such individual remains a
Director or Consultant and is not an employee of the Company or any of
its subsidiaries.  Each credit of shares of Common Stock pursuant to the
Plan shall be evidenced by a written agreement duly executed and
delivered by or on behalf of the Company and a Participant, if such an
agreement is required by the Company to assure compliance with all
applicable laws and regulations.

5.  Grants of Shares.

Commencing on the Effective Date, the amount for service to directors or
consultants shall instead be payable in shares of Common Stock ("Stock
Retainer") pursuant to this Plan at the deemed issuance price of one
tenth of one cent ($0.001) per Share.

6.  Deferral Option.

From and after the Effective Date, a Participant may make an election (a
"Deferral Election") on an annual basis to defer delivery of the Stock
Retainer specifying which one of the following way the Stock Retainer is
to be delivered:  (a) on the date which is three years after the
Effective Date for which it was originally payable ("Third
Anniversary"), (b) on the date upon which the Participant ceases to be a
Director or Consultant for any reason ("Departure Date") or (c) in five
equal annual installments commencing on the Departure Date ("Third
Anniversary" and "Departure Date" each being referred to herein as a
"Delivery Date").  Such Deferral Election shall remain in effect for
each Subsequent Year unless changed, provided that, any Deferral
Election with respect to a particular Year may not be changed less than
six (6) months prior to the beginning of such  Year and provided,
further, that no more than one Deferral Election or change thereof may
be made in any Year.

Any Deferral Election and any change or revocation thereof shall be made
by delivering written notice thereof to the Committee no later than six
(6) months prior to the beginning of the Year in which it is to be
effected; provided that, with respect to the Year beginning on the
Effective Date, any Deferral Election or revocation thereof must be
delivered no later than the close of business on the thirtieth (30th)
day after the Effective Date.

7.  Deferred Stock Accounts.

The Company shall maintain a Deferred Stock Account for each Participant
who makes a Deferral Election to which shall be credited, as of the
applicable Payment Time, the number of shares of Common Stock payable
pursuant to the Stock Retainer to which the Deferral Election relates.
So long as any amounts in such Deferred Stock Account have not been
delivered to the Participant under Section 8, each Deferred Stock
Account shall be credited as of the payment date for any dividend paid
or other distribution made with respect to the Common Stock, with a
number of shares of Common Stock equal to (a) the number of shares of
Common Stock shown in such Deferred Stock Account on the record date for
such dividend or distribution multiplied by (b) the Dividend Equivalent
for such dividend or distribution.

8.  Delivery of Shares.

(a)  The shares of Common Stock in a Participant's Deferred Stock
Account with respect to any Stock Retainer for which a Deferral Election
has been made (together with dividends attributable to such shares
credited to such Deferred Stock Account) shall be delivered in
accordance with this Section 8 as soon as practicable after the
applicable Delivery Date.  Except with respect to a Deferral Election
pursuant to Section 6(c), or other agreement between the parties, such
shares shall be delivered at one time; provided that, if the number of
shares so delivered includes a fractional share, such number shall be
rounded to the nearest whole number of shares. If the Participant has in
effect a Deferral Election pursuant to Section 6(c), then such shares
shall be delivered in five equal annual installments (together with
dividends attributable to such shares credited to such Deferred Stock
Account), with the first such installment being delivered on the first
anniversary of the Delivery Date; provided that, if in order to equalize
such installments, fractional shares would have to be delivered, such
installments shall be adjusted by rounding to the nearest whole share.
If any such shares are to be delivered after the Participant has died or
become legally incompetent, they shall be delivered to the Participant's
estate or legal guardian, as the case may be, in accordance with the
foregoing; provided that, if the Participant dies with a Deferral
Election pursuant to Section 6(c) in effect, the Committee shall deliver
all remaining undelivered shares to the Participant's estate
immediately. References to a Participant in this Plan shall be deemed to
refer to the Participant's estate or legal guardian, where appropriate.

(b)  The Company may, but shall not be required to, create a grantor
trust or utilize an existing grantor trust (in either case, "Trust") to
assist it in accumulating the shares of Common Stock needed to fulfill
its obligations under this  Section 8.   However, Participants shall
have no beneficial or other interest in the Trust and the assets
thereof, and their rights under the Plan shall be as general creditors
of the Company, unaffected by the existence or nonexistence of the
Trust, except that deliveries of Stock Retainers to Participants from
the Trust shall, to the extent thereof, be treated as satisfying the
Company's obligations under this Section 8.

9.  Share Certificates; Voting and Other Rights.

The certificates for shares delivered to a Participant pursuant to
Section 8 above shall be issued in the name of the Participant, and from
and after the date of such issuance the Participant shall be entitled to
all rights of a shareholder with respect to Common Stock for all such
shares issued in his or her name, including the right to vote the
shares, and the Participant shall receive all dividends and other
distributions paid or made with respect thereto.

10.  General Restrictions.

(a)  Notwithstanding any other provision of the Plan or agreements made
pursuant thereto, the Company shall not be required to issue or deliver
any certificate or certificates for shares of Common Stock under the
Plan prior to fulfillment of all of the following conditions:

(i)   Listing or approval for listing upon official notice of issuance
of such shares on the New York Stock Exchange, Inc., or such other
securities exchange as may at the time be a market for the Common Stock;

(ii)   Any registration or other qualification of such shares under any
state or federal law or regulation, or the maintaining in effect of any
such registration or other qualification which the Committee shall, upon
the advice of counsel, deem necessary or advisable; and

(iii)   Obtaining any other consent, approval, or permit from any state
or federal governmental agency which the Committee shall, after
receiving the advice of counsel, determine to be necessary or advisable.

(b)  Nothing contained in the Plan shall prevent the Company from
adopting other or additional compensation arrangements for the
Participants.

11.  Shares Available.

Subject to Section 12 below, the maximum number of shares of Common
Stock which may in the aggregate be paid as Stock Retainers pursuant to
the Plan is Seventy-Five Million (75,000,000).  Shares of Common Stock
issuable under the Plan may be taken from treasury shares of the Company
or purchased on the open market.

12.  Adjustments; Change of Control.

(a)  In the event that there is, at any time after the Board adopts the
Plan, any change in corporate capitalization, such as a stock split,
combination of shares, exchange of shares, warrants or rights offering
to purchase Common Stock at a price below its fair market value,
reclassification, or recapitalization, or a corporate transaction, such
as any merger, consolidation, separation, including a spin-off, or other
extraordinary distribution of stock or property of the Company, any
reorganization (whether or not such reorganization comes within the
definition of such term in Section 368 of the Code) or any partial or
complete liquidation of the Company (each of the foregoing a
"Transaction"), in each case other than any such Transaction which
constitutes a Change of Control (as defined below), (i) the Deferred
Stock Accounts shall be credited with the amount and kind of shares or
other property which would have been received by a holder of the number
of shares of Common Stock held in such Deferred Stock Account had such
shares of Common Stock been outstanding as of the effectiveness of any
such Transaction, (ii) the number and kind of shares or other property
subject to the Plan shall likewise be appropriately adjusted to reflect
the effectiveness of any such Transaction and (iii) the Committee shall
appropriately adjust any other relevant provisions of the Plan and any
such modification by the Committee shall be binding and conclusive on
all persons.

(b)  If the shares of Common Stock credited to the Deferred Stock
Accounts are converted pursuant to Section 12(a) into another form of
property, references in the Plan to the Common Stock shall be deemed,
where appropriate, to refer to such other form of property, with such
other modifications as may be required for the Plan to operate in
accordance with its purposes. Without limiting the generality of the
foregoing, references to delivery of certificates for shares of Common
Stock shall be deemed to refer to delivery of cash and the incidents of
ownership of any other property held in the Deferred Stock Accounts.

(c)  In lieu of the adjustment contemplated by Section 12(a), in the
event of a Change of Control, the following shall occur on the date of
the Change of Control:  (i) the shares of Common Stock held in each
Participant's Deferred Stock Account  shall be deemed to be issued and
outstanding as of the Change of Control; (ii) the Company shall
forthwith deliver to each Participant who has a Deferred Stock Account
all of the shares of Common Stock or any other property held in such
Participant's Deferred Stock Account; and (iii) the Plan shall be
terminated.

(d)  For purposes of this Plan, Change of Control shall mean any of the
following events:

(i)   The acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
of 1934, as amended (the "Exchange Act")) (a "Person") of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of twenty percent (20%) or more of either (a) the then
outstanding shares of common stock of the Company ("Outstanding Company
Common Stock") or (b) the combined voting power of the then outstanding
voting securities of the Company entitled to vote generally in the
election of directors ("Outstanding Company Voting Securities");
provided, however, that the following acquisitions shall not constitute
a Change of Control:  (a) any acquisition directly from the Company
(excluding an acquisition by virtue of the exercise of a conversion
privilege unless the security being so converted was itself acquired
directly from the Company), (b) any acquisition by the Company, (c) any
acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any corporation controlled by the Company
or (d) any acquisition by any corporation pursuant to a reorganization,
merger or consolidation, if, following such reorganization, merger or
consolidation, the conditions described in clauses (a), (b) and (c) of
paragraph (iii) of this Section 12(d) are satisfied; or

(ii)   Individuals who, as of the date hereof, constitute the Board of
the Company (as of the date hereof, "Incumbent Board") cease for any
reason to constitute at least a majority of the Board; provided,
however, that any individual becoming a director subsequent to the date
hereof whose election, or nomination for election by the Company's
shareholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as
though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial
assumption of office occurs as a result of either an actual or
threatened election contest (as such terms are used in Rule 14a-11 of
Regulation 14A promulgated under the Exchange Act) or other actual or
threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board; or

(iii)   Approval by the shareholders of the Company of a reorganization,
merger, binding share exchange or consolidation, unless, following such
reorganization, merger, binding share exchange or consolidation (a) more
than sixty percent (60%) of, respectively, the then outstanding shares
of common stock of the corporation resulting from such reorganization,
merger, binding share exchange or consolidation and the combined voting
power of the then outstanding voting securities of such corporation
entitled to vote generally in the election of directors is then
beneficially owned, directly or indirectly, by all or substantially all
of the individuals and entities who were the beneficial owners,
respectively, of the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such reorganization,
merger, binding share exchange or consolidation in substantially the
same proportions as their ownership, immediately prior to such
reorganization, merger, binding share exchange or consolidation, of the
Outstanding Company Common Stock and Outstanding Company Voting
Securities, as the case may be, (b) no Person (excluding the Company,
any employee benefit plan (or related trust) of the Company or such
corporation resulting from such reorganization, merger, binding share
exchange or consolidation and any Person beneficially owning,
immediately prior to such reorganization, merger, binding share exchange
or consolidation, directly or indirectly, twenty percent (20%) or more
of the Outstanding Company Common Stock or Outstanding Company Voting
Securities, as the case may be) beneficially owns, directly or
indirectly, twenty percent (20%) or more of, respectively, the then
outstanding shares of common stock of the corporation resulting from
such reorganization, merger, binding share exchange or consolidation or
the combined voting power of the then outstanding voting securities of
such corporation entitled to vote generally in the election of directors
and (c) at least a majority of the members of the board of directors of
the corporation resulting from such reorganization, merger, binding
share exchange or consolidation were members of the Incumbent Board at
the time of the execution of the initial agreement providing for such
reorganization, merger, binding share exchange or consolidation; or

(iv)   Approval by the shareholders of the Company of (a) a complete
liquidation or dissolution of the Company or (b) the sale or other
disposition of all or substantially all of the assets of the Company,
other than to a corporation, with respect to which following such sale
or other disposition, (x) more than sixty percent (60%) of,
respectively, the then outstanding shares of common stock of such
corporation and the combined voting power of the then outstanding voting
securities of such corporation entitled to vote generally in the
election of directors is then beneficially owned, directly or
indirectly, by all or substantially all of the individuals and entities
who were the beneficial owners, respectively, of the Outstanding Company
Common Stock and Outstanding Company Voting Securities immediately prior
to such sale or other disposition in substantially the same proportion
as their ownership, immediately prior to such sale or other disposition,
of the Outstanding Company Common Stock and Outstanding Company Voting
Securities, as the case may be, (y) no Person (excluding the Company and
any employee benefit plan (or related trust) of the Company or such
corporation and any Person beneficially owning, immediately prior to
such sale or other disposition, directly or indirectly, twenty percent
(20%) or more of the Outstanding Company Common Stock or Outstanding
Company Voting Securities, as the case may be) beneficially owns,
directly or indirectly, twenty percent (20%) or more of, respectively,
the then outstanding shares of common stock of such corporation and the
combined voting power of the then outstanding voting securities of such
corporation entitled to vote generally in the election of directors and
(z) at least a majority of the members of the board of directors of such
corporation were members of the Incumbent Board at the time of the
execution of the initial agreement or action of the Board providing for
such sale or other disposition of assets of the Company.

13.  Administration; Amendment and Termination.

(a)  The Plan shall be administered by a committee consisting of three
members who shall be the current directors of the Company or senior
executive officers or other directors who are not Participants as may be
designated by the Chief Executive Officer ("Committee"), which shall
have full authority to construe and interpret the Plan, to establish,
amend and rescind rules and regulations relating to the Plan, and to
take all such actions and make all such determinations in connection
with the Plan as it may deem necessary or desirable. (b)  The Board may
from time to time make such amendments to the Plan, including to
preserve or come within any exemption from liability under Section 16(b)
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
as it may deem proper and in the best interest of the Company without
further approval of the Company's stockholders, provided that, to the
extent required under Florida law or to qualify transactions under the
Plan for exemption under Rule 16b-3 promulgated under the Exchange Act,
no amendment to the Plan shall be adopted without further approval of
the Company's stockholders and, provided, further, that if and to the
extent required for the Plan to comply with Rule 16b-3 promulgated under
the Exchange Act, no amendment to the Plan shall be made more than once
in any six (6) month period that would change the amount, price or
timing of the grants of Common Stock hereunder other than to comport
with changes in the Internal Revenue Code of 1986, as amended, the
Employee Retirement Income Security Act of 1974, as amended, or the
regulations thereunder.  (c)  The Board may terminate the Plan at any
time by a vote of a majority of the members thereof.

14.  Miscellaneous.

(a)  Nothing in the Plan shall be deemed to create any obligation on the
part of the Board to nominate any Director for reelection by the
Company's shareholders or to limit the rights of the shareholders to
remove any Director.

(b)  The Company shall have the right to require, prior to the issuance
or delivery of any shares of Common Stock pursuant to the Plan, that a
Participant make arrangements satisfactory to the Committee for the
withholding of any taxes required by law to be withheld with respect to
the issuance or delivery of such shares, including without limitation by
the withholding of shares that would otherwise be so issued or
delivered, by withholding from any other payment due to the Participant,
or by a cash payment to the Company by the Participant.

15.  Governing Law.

The Plan and all actions taken thereunder shall be governed by and
construed in accordance with the laws of the State of Nevada.

Point Group Holdings, Incorporated

By: /s/  John Fleming
John Fleming, President

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