Document:

EXHIBIT  10.3

THIS DEBENTURE,  AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE  (COLLECTIVELY,
THE  "SECURITIES"),  HAVE NOT BEEN REGISTERED WITH THE UNITED STATES  SECURITIES
AND  EXCHANGE  COMMISSION  OR  THE  SECURITIES  COMMISSION  OF  ANY  STATE.  THE
SECURITIES ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM  REGISTRATION  UNDER
REGULATION  D  PROMULGATED  UNDER THE  SECURITIES  ACT OF 1933,  AS AMENDED (THE
"ACT").  THE SECURITIES ARE  "RESTRICTED"  AND MAY NOT BE OFFERED OR SOLD UNLESS
THE  SECURITIES  ARE  REGISTERED  UNDER THE ACT,  PURSUANT  TO  REGULATION  D OR
PURSUANT TO AVAILABLE  EXEMPTIONS FROM THE REGISTRATION  REQUIREMENTS OF THE ACT
AND THE  COMPANY  WILL BE  PROVIDED  WITH  OPINION  OF  COUNSEL  OR  OTHER  SUCH
INFORMATION  AS IT MAY  REASONABLY  REQUIRE TO CONFIRM THAT SUCH  EXEMPTIONS ARE
AVAILABLE. FURTHER HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE MADE
EXCEPT IN COMPLIANCE WITH THE ACT.

                              CONVERTIBLE DEBENTURE

                            NUWAVE TECHNOLOGIES, INC.

                            10% CONVERTIBLE DEBENTURE

                               DUE: AUGUST 1, 2007

No. K-001                                                          $1,783,549.25

           This   Debenture,   dated  August  20,  2004,  is  issued  by  NuWave
Technologies,  Inc., a Delaware  corporation  (the  "Company"),  to 24 WEST 96TH
STREET REALTY CORP.  (together with its permitted  successors  and assigns,  the
"Holder")  pursuant to exemptions from registration  under the Securities Act of
1933, as amended.

                                    RECITALS:

           WHEREAS, Lehigh Acquisition Corporation, a wholly owned subsidiary of
the Company  (the  "Seller"),  and the Holder  entered into an Agreement of Sale
(the  "Agreement of Sale") dated as of July 1, 2004 pursuant to which the Seller
sold to the Holder a 20% interest in certain real property (the "Property"),  as
more fully  described in the Agreement of Sale.  The Holder under this Debenture
is the Buyer in the Agreement of Sale.

           WHEREAS, the Agreement of Sale contains options pursuant to which the
Seller has the right to purchase  from the Holder,  and the Holder has the right
to sell to the Seller,  the Holder's ownership interest in the Property pursuant
to the terms of this  Debenture.  This  Debenture is intended to  implement  the
options referenced in the Agreement of Sale and this Debenture supercedes all of
Section 10(b) of the Agreement of Sale.

<PAGE>

           WHEREAS, the Company will benefit from the transactions  described in
the Agreement of Sale and this Debenture.

                                   ARTICLE I.

           SECTION 1.01 PRINCIPAL AND INTEREST. For value received, on August 1,
2007,  the Company  hereby  promises to pay to the order of the Holder in lawful
money of the United  States of America and in  immediately  available  funds the
principal  sum of  $1,783,549.25,  together  with unpaid  interest on the unpaid
principal of this  Debenture at the rate of ten percent (10%) per year (computed
on the basis of a 365-day year and the actual days  elapsed)  from July 14, 2004
until  paid.  The  Company  shall  pay  the  Holder  monthly  interest  payments
commencing  on September 1, 2004 with each  subsequent  payment due on the first
day of each  calendar  month  thereafter.  At the Company's  option,  the entire
principal amount and all accrued interest shall be either (a) paid to the Holder
on the third (3rd) year  anniversary  from the date hereof or (b)  converted  in
accordance with Section 1.02 herein;  provided,  however, that in no event shall
the Holder be  entitled  to  convert  this  Debenture  for a number of shares of
Common  Stock in excess of that  number of shares of Common  Stock  which,  upon
giving effect to such conversion,  would cause the aggregate number of shares of
Common Stock beneficially owned by the Holder and its affiliates to exceed 9.99%
of the outstanding shares of the Common Stock following such conversion..

           SECTION 1.02  OPTIONAL  CONVERSION.  The Holder is  entitled,  at its
option, to convert, and sell on the same day, at any time and from time to time,
until payment in full of this Debenture, all or any part of the principal amount
of the Debenture,  plus accrued interest,  into shares (the "Conversion Shares")
of the Company's common stock, par value $0.001 per share ("Common  Stock"),  at
the price per share  (the  "Conversion  Price")  equal to the  lesser of (a) one
hundred twenty  percent (120%) of the closing bid price of the Company's  Common
Stock,  as  listed on a  Principal  Market  (as  defined  herein),  as quoted by
Bloomberg  L.P., as of the date hereof or (b) an amount equal to eighty  percent
(80%) of the lowest  closing  bid  price,  as listed on a  Principal  Market (as
defined  herein),  as quoted by  Bloomberg  L.P.,  for the five (5) trading days
immediately preceding the Conversion Date (as defined herein). Subparagraphs (a)
and (b) above are individually  referred to as the "Conversion  Price".  As used
herein,  "Principal  Market" shall mean The National  Association  of Securities
Dealers Inc.'s  Over-The-Counter  Bulletin  Board,  Nasdaq SmallCap  Market,  or
American  Stock  Exchange.  If the  Common  Stock is not  traded on a  Principal
Market, the Closing Bid Price shall mean, the reported Closing Bid Price for the
Common Stock,  as furnished by the National  Association of Securities  Dealers,
Inc., for the applicable  periods.  No fraction of shares or scrip  representing
fractions  of  shares  will be issued on  conversion,  but the  number of shares
issuable shall be rounded to the nearest whole share. To convert this Debenture,
the Holder hereof shall deliver  written notice  thereof,  substantially  in the
form  of  Exhibit  "A" to  this  Debenture,  with  appropriate  insertions  (the
"Conversion  Notice"),  to the Company at its address as set forth  herein.  The
date upon which the conversion shall be effective (the "Conversion  Date") shall
be deemed to be the date set forth in the Conversion Notice.

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<PAGE>

           SECTION 1.03  RESERVATION OF COMMON STOCK.  EFFECTIVE MARCH 31, 2005,
The Company shall reserve and keep  available out of its authorized but unissued
shares of Common Stock,  solely for the purpose of effecting  the  conversion of
this Debenture, such number of shares of Common Stock as shall from time to time
be sufficient to effect such conversion,  based upon the Conversion Price. If at
any time the Company  does not have a  sufficient  number of  Conversion  Shares
authorized and available, then the Company shall call and hold a special meeting
of its stockholders  within sixty (60) days of that time for the sole purpose of
increasing the number of authorized shares of Common Stock.

           SECTION  1.04 RIGHT OF  REDEMPTION.  The Company at its option  shall
have the right to redeem, with fifteen (15) business days advance written notice
(the  "Redemption  Notice"),  a portion  or all of the  outstanding  convertible
debenture.  The  redemption  price shall be one hundred twenty percent (120%) of
the amount redeemed plus accrued  interest.  Upon such redemption,  the Holder's
ownership interest in the Property shall be deemed to have been  correspondingly
acquired by the Company,  as more particularly set forth in Section 2.01 of this
Debenture.  The Company may  exercise its right of  redemption  pursuant to this
Section 1.04 as a means of reacquiring the Holder's  interest in the Property as
contemplated under Section 10(d) of the Agreement of Sale.

           SECTION  1.05  INTEREST  PAYMENTS.  The Company  shall pay the Holder
monthly interest  payments  commencing on September 1, 2004 with each subsequent
payment due on the first day of each calendar month thereafter. At the time such
interest is payable,  the Holder,  in its sole discretion,  may elect to receive
the interest in cash (via wire  transfer or  certified  funds) or in the form of
common stock.  In the event of default,  as described in Article IV Section 4.01
hereunder,  the  Holder may elect  that the  interest  be paid in cash (via wire
transfer or certified funds) or in the form of common stock. If paid in the form
of common stock, the amount of stock to be issued will be calculated as follows:
the  value of the stock  shall be the  Closing  Bid  Price on:  (i) the date the
interest  payment is due; or (ii) if the interest  payment is not made when due,
the date the interest payment is made. A number of shares of Common Stock with a
value equal to the amount of interest due shall be issued.  No fractional shares
will be issued;  therefore, in the event the value of the Common Stock per share
does not equal the total interest due, the Company will pay the balance in cash.

           SECTION 1.06 PAYING AGENT AND REGISTRAR.  Initially, the Company will
act as paying  agent and  registrar.  The Company  may change any paying  agent,
registrar,  or  Company-registrar  by giving  the  Holder not less than ten (10)
business  days' written  notice of its election to do so,  specifying  the name,
address, telephone number and facsimile number of the paying agent or registrar.
The Company may act in any such capacity.

                                  ARTICLE II.

           SECTION 2.01  SELLER'S  OPTION ON PROPERTY.  Pursuant to the Seller's
option set forth in Section 10(a) of the  Agreement of Sale,  the Seller has the
right  to  redeem  all or any  part of the  outstanding  amounts  due  hereunder
pursuant to Section 1.04 hereof. Upon such redemption,  the Seller shall acquire

                                       3
<PAGE>

from the Holder a pro-rata  interest in the Holder's  ownership  interest in the
Property  and  the   Holder's   ownership   interest  in  the   Property   shall
correspondingly  decline. The amount of ownership interest in the Property to be
acquired by the Seller, and the corresponding decrease in the Holder's ownership
interest,  shall be equal to the quotient, of which the numerator shall be equal
to the principal  amount of this Debenture  being  redeemed and the  denominator
shall be equal to  1,783,549.25.  For  example,  if the  Seller  were to  redeem
$445,885.56 in outstanding  principal of this Debenture pursuant to Section 1.04
hereof,  then the Seller  would be deemed to have  acquired  25% of the Holder's
ownership  interest  in the  Property  (calculated  by  dividing  445,885.56  by
1,783,549.25),  and the Holder's  ownership  interest in the  Property  would be
deemed to have  declined  by 25%.  As a result  of this  example,  the  Seller's
ownership  interest in the Property would be deemed to have  increased,  and the
Holder's  ownership  interest in the Property would be deemed to have decreased,
by 5%  (calculated by multiplying  25% by 20%, the Holder's  original  ownership
interest in the  Property).  If this  Debenture is paid at maturity  pursuant to
Section  1.01  hereof,  then the  Seller  shall be deemed to have  acquired  the
Holder's entire ownership interest in the Property.

           SECTION 2.02  HOLDER'S  OPTION ON PROPERTY.  Pursuant to the Holder's
option set forth in Section 10(b) of the  Agreement of Sale,  the Holder has the
right  to  convert  all or any part of the  outstanding  amounts  due  hereunder
pursuant to Section 1.02 hereof. Upon such conversion,  the Holder shall sell to
the  Seller a  pro-rata  interest  in the  Holder's  ownership  interest  in the
Property  and  the   Seller's   ownership   interest  in  the   Property   shall
correspondingly increase. The amount of ownership interest in the Property to be
sold by the Holder,  and the  corresponding  increase in the Seller's  ownership
interest,  shall be equal to the quotient, of which the numerator shall be equal
to the principal  amount of this Debenture  being  converted and the denominator
shall be equal to  1,783,549.25.  For  example,  if the  Holder  were to convert
$445,885.56 in outstanding  principal of this Debenture pursuant to Section 1.02
hereof,  then the  Holder  would be  deemed  to have  sold 25% of its  ownership
interest in the Property  (calculated by dividing  445,885.56 by  1,783,549.25),
and the  Seller's  ownership  interest in the  Property  would be deemed to have
increased by 25%. As a result of this example,  the Holder's  ownership interest
in the Property would be deemed to have  decreased,  and the Seller's  ownership
interest in the Property would be deemed to have increased, by 5% (calculated by
multiplying  25%  by  20%,  the  Holder's  original  ownership  interest  in the
Property).  This provision implements and supercedes all of Section 10(b) of the
Agreement of Sale.

           SECTION 2.03 DEED EVIDENCING  TRANSFER.  Upon 10 days advance written
notice,  from time to time,  the  Holder  agrees to execute  and  deliver to the
Seller  a  general  warranty  deed  transferring  the  portion  of the  Holder's
ownership  interest  determined in  accordance  with this Article II. The Seller
shall pay all costs associated with recording such deeds.

                                  ARTICLE III.

           SECTION 3.01 AMENDMENTS AND WAIVER OF DEFAULT.  The Debenture may not
be amended with the consent of the Holder.  Notwithstanding  the above,  without
the consent of the Holder,  the Debenture may be amended to cure any  ambiguity,
defect or inconsistency, to provide for assumption of the Company obligations to
the Holder or to make any change  that does not  adversely  affect the rights of
the Holder.

                                       4
<PAGE>

                                  ARTICLE IV.

           SECTION  4.01  EVENTS OF  DEFAULT.  An Event of Default is defined as
follows:  (a) failure by the Company to pay amounts due hereunder within fifteen
(15) business days of the due date of any amounts due hereunder;  (b) failure by
the  Company's  transfer  agent to issue  freely  tradeable  Common Stock to the
Holder within five (5) days of the Company's  receipt of the attached  Notice of
Conversion  from  Holder;  (c)  failure by the  Company  for ten (10) days after
notice to it to comply with any of its other  agreements in the  Debenture;  (d)
events of bankruptcy or insolvency.

                                   ARTICLE V.

           SECTION 5.01 RIGHTS AND TERMS OF CONVERSION. This Debenture, in whole
or in part,  may be converted at any time  following  the date of closing,  into
shares of Common Stock at a price equal to the Conversion  Price as described in
Section 1.02 above.

           SECTION 5.02  RE-ISSUANCE  OF  DEBENTURE.  When the Holder  elects to
convert a part of the Debenture,  then the Company shall reissue a new Debenture
in the same form as this Debenture to reflect the new principal amount.

           SECTION 5.03 TERMINATION OF CONVERSION  RIGHTS. The Holder's right to
convert the Debenture  into the Common Stock in accordance  with  paragraph 5.01
shall  terminate  on the earlier of (i) on the date that is the third (3rd) year
anniversary  from  the  date  hereof  in  which  case  this  Debenture  shall be
automatically converted on that date in accordance with the formula set forth in
Section 1.02 hereof,  and the  appropriate  shares of Common Stock and amount of
interest  shall  be  issued  by the  Company  to the  Holder,  and the  Holder's
remaining interest in the Property shall automatically  transfer from the Holder
to the Company or (ii) upon a sale of the Holder's interest in the Property made
in  conformity  with the  Company's  right of first offer  referenced in Section
10(d) of the Agreement of Sale.

           SECTION 5.04 TERMINATION OF CONVERTIBLE  DEBENTURE UPON HOLDER'S SALE
OF PROPERTY  INTEREST TO A THIRD PARTY.  Upon the Holder's sale to a third party
of his interest in the Property  under  Section  10(d) of the Agreement of Sale,
all  obligations  of  the  Company  under  this   Convertible   Debenture  shall
immediately  terminate  and be  considered  as satisfied in full and the Company
shall have no obligation to repay any amounts outstanding hereunder.

                                  ARTICLE VI.

           SECTION 6.01  ANTI-DILUTION.  In the event that the Company  shall at
any time  subdivide the  outstanding  shares of Common  Stock,  or shall issue a
stock dividend on the outstanding  Common Stock,  the Conversion Price in effect
immediately  prior to such subdivision or the issuance of such dividend shall be
proportionately  decreased,  and in the event that the Company shall at any time
combine the outstanding  shares of Common Stock,  the Conversion Price in effect
immediately  prior  to such  combination  shall  be  proportionately  increased,
effective at the close of business on the date of such subdivision,  dividend or
combination as the case may be.

                                       5
<PAGE>

                                  ARTICLE VII.

           SECTION 7.01 NOTICE.  Notices  regarding this Debenture shall be sent
to the parties at the  following  addresses,  unless a party  notifies the other
parties, in writing, of a change of address:

If to the Company, to:     NuWave Technologies, Inc.
                           1 Passaic Avenue
                           Fairfield, New Jersey 07004
                           Attention: George Kanakis

If to the Holder:          24 West 96th Street Realty Corp.
                           10 Devonshire Road
                           Livingston, New Jersey 07039

           SECTION 7.02 GOVERNING LAW. This Debenture shall be deemed to be made
under and shall be  construed  in  accordance  with the laws of the State of New
Jersey without giving effect to the principals of conflict of laws thereof. Each
of the parties consents to the  jurisdiction of the U.S.  District Court sitting
in the  District of the State of New Jersey or the state  courts of the State of
New Jersey sitting in Hudson County,  New Jersey in connection  with any dispute
arising under this Debenture and hereby waives,  to the maximum extent permitted
by law, any objection,  including any objection based on forum non conveniens to
the bringing of any such proceeding in such jurisdictions.

           SECTION 7.03 SEVERABILITY. The invalidity of any of the provisions of
this  Debenture  shall  not  invalidate  or  otherwise  affect  any of the other
provisions of this Debenture, which shall remain in full force and effect.

           SECTION  7.04  ENTIRE   AGREEMENT  AND  AMENDMENTS.   This  Debenture
represents the entire  agreement  between the parties hereto with respect to the
subject  matter  hereof  and  there  are  no   representations,   warranties  or
commitments,  except as set forth herein.  This Debenture may be amended only by
an instrument in writing executed by the parties hereto.

           SECTION 7.05 COUNTERPARTS. This Debenture may be executed in multiple
counterparts,  each of which  shall be an  original,  but all of which  shall be
deemed to constitute on instrument.

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<PAGE>

           IN WITNESS WHEREOF,  with the intent to be legally bound hereby,  the
Company as executed this Debenture as of the date first written above.

                                               NUWAVE TECHNOLOGIES, INC.

                                               By: /s/George Kanakis
                                                 -------------------------------
                                                 Name:  George Kanakis
                                                 Title: President

                                               24 WEST 96TH STREET REALTY CORP.

                                               By: /s/Michael Kesselbrenner
                                                 -------------------------------
                                                 Name:  Michael Kesselbrenner
                                                 Title: President

                              Agreement and Consent

Lehigh  Acquisition  Corporation  hereby  consents  to  the  amendments  to  the
Agreement of Sale set forth herein.

                                               LEHIGH ACQUISITION CORPORATION

                                               By: /s/George Kanakis
                                                 -------------------------------
                                                 Name:  George Kanakis
                                                 Title: President

                                       7
<PAGE>

                                   EXHIBIT "A"

                              NOTICE OF CONVERSION

           (TO BE EXECUTED BY THE HOLDER IN ORDER TO CONVERT THE NOTE)

TO:

           The  undersigned  hereby  irrevocably  elects  to  convert  $ of  the
principal  amount of the  above  Note  into  Shares  of  Common  Stock of NuWave
Technologies,  Inc.,  according  to the  conditions  stated  therein,  as of the
Conversion Date written below.

CONVERSION DATE:                    ____________________________________________

APPLICABLE CONVERSION PRICE:        ____________________________________________

SIGNATURE:                          ____________________________________________

NAME:                               ____________________________________________

ADDRESS:                            ____________________________________________

AMOUNT TO BE CONVERTED:             $___________________________________________

AMOUNT OF DEBENTURE UNCONVERTED:    $___________________________________________

CONVERSION PRICE PER SHARE:         $___________________________________________

NUMBER OF SHARES OF COMMON
STOCK TO BE ISSUED:                 ____________________________________________

PLEASE ISSUE THE SHARES OF
COMMON STOCK IN THE FOLLOWING
NAME AND TO THE FOLLOWING ADDRESS:  ____________________________________________

ISSUE TO:                           ____________________________________________

AUTHORIZED SIGNATURE:               ____________________________________________

NAME:                               ____________________________________________

TITLE:                              ____________________________________________

PHONE NUMBER:                       ____________________________________________

BROKER DTC PARTICIPANT CODE:        ____________________________________________

ACCOUNT NUMBER:                     ____________________________________________

                                      A-1[LOGO]
                                    BLUEBOOK
                                 INTERNATIONAL
                         INNOVATIVE SOFTWARE SOLUTIONS
                        FOR THE GLOBAL INSURANCE ECONOMY

                 CONVERTIBLE PROMISSORY NOTE PURCHASE AGREEMENT

     THIS CONVERTIBLE PROMISSORY NOTE PURCHASE AGREEMENT (this "Agreement") is
made as of August 13, 2004 by and between The Bluebook International Holding
Company, hereinafter the "Corporation" or the "Seller," a corporation organized
and existing under the laws of the State of Delaware with registered offices
located at 21098 Bake Parkway, Lake Forest, California 92630, and Christopher L.
Albrick an accredited investor, whose principal address is, 25 Bridgeport, Dana
Point, Ca. 92629, hereinafter "Purchaser."

RECITALS

     WHEREAS, Corporation is a validly existing corporation formed in 2001
pursuant to Delaware law for any lawful purpose including (without limitation)
providing professional, enterprise software, information and services;

     WHEREAS, Purchaser desires to purchase a Convertible Promissory Note with a
principal face amount of $427,500 convertible into shares of common stock of the
Corporation under the terms of this agreement; and

     NOW, THEREFORE, in consideration of the mutual benefits of the covenants
and agreements contained herein, Corporation and Purchaser hereby agree as
follows:

TERMS AND CONDITIONS

SECTION 1 - RECITALS: The above recitals and identification of parties are true
and correct.

SECTION 2 - PURCHASE AND SALE OF CONVERTIBLE NOTE: Corporation hereby issues to
Purchaser a Convertible Promissory Note in the form attached hereto as Exhibit A
(the "Note") with a principal face amount of $427,500 convertible into shares of
common stock of Corporation. Purchaser hereby pays $427,500 in U.S. dollars in
cash to Corporation in consideration for the Note.

SECTION 3 -- REPRESENTATIONS AND WARRANTIES OF PURCHASER: Purchaser represents
and warrants as follows:

     (a) Statement of Business Purpose and Experience: Purchaser hereby
represents and warrants that the Note and the shares of common stock of the
Corporation issuable upon conversion of the Note are being acquired for
investment and not for the purpose of selling or otherwise disposing thereof.
Purchaser has not offered or sold a participation in the Note or the shares of
common stock of the Corporation issuable upon conversion of the Note and will
not offer or sell the Note or the shares of common stock of the Corporation
issuable upon conversion of the Note or interest therein or otherwise in
violation of the Securities Act of 1933.

Confidential                         Page 1

              21098 Bake Parkway Suite 100, Lake Forest, Ca. 92630
<PAGE>

     Purchaser further acknowledges that he or she does not have in mind any
sale of the Note or the shares of common stock of the Corporation issuable upon
conversion of the Note currently or after the passage of a fixed or determinable
period of time or upon the occurrence or non-occurrence of any predetermined
events or consequence; and that he or she has no present or contemplated
agreement, undertaking, arrangement, obligation, indebtedness or commitment
providing for or which is likely to compel a disposition of the Note or the
shares of common stock of the Corporation issuable upon conversion of the Note
and is not aware of any circumstances presently in existence that are likely in
the future to prompt a disposition of the Note or the shares of common stock of
the Corporation issuable upon conversion of the Note.

          (1) Purchaser acknowledges that the Note and the shares of common
stock of the Corporation issuable upon conversion of the Note have been offered
to him or her in direct communication between himself or herself and the
Corporation and not through any advertisement of any kind.

          (2) Purchaser acknowledges that he or she has been encouraged to seek
his or her own legal and financial counsel to assist him or her in evaluating
this investment. Purchaser acknowledges that he or she has sufficient knowledge,
financial and business experience concerning the affairs and conditions of the
Corporation so that he or she can make a reasoned decision as to this investment
in the Corporation and is capable of evaluating the merits and risks of this
investment. Purchaser further understands and acknowledges that he shall be
responsible for all taxes of any kind whatsoever resulting from this agreement.

     (b) Access to Information: Purchaser hereby represents and warrants that
Purchaser has had access to all information pertaining to the Corporation, as
follows:

          (1) Corporation -- Management: Purchaser represents and warrants that
Purchaser knows the officers and directors of the Corporation personally and has
had an opportunity to discuss the operations of the Corporation and consult with
said officers and directors concerning the purchase of the Note and the shares
of common stock of the Corporation issuable upon conversion of the Note.

          (2) Corporation -- Finance: Purchaser hereby represents and warrants
that Purchaser understands that the purchase of voting common stock hereunder is
a very high risk investment.

          (3) No Pre-emptive Rights: Purchaser hereby acknowledges and
understands that Purchaser does not have pre-emptive rights or any right to
maintain a percentage of ownership of the capital stock of the Corporation.
Purchaser hereby acknowledges and understands that the Corporation intends to
issue shares of voting and nonvoting capital stock to other investors from time
to time and that issuing any such shares will reduce the pro rata ownership of
Purchaser (after conversion of the Note) in the capital stock of the
Corporation.

          (4) SEC Filings: Purchaser acknowledges that he or she has read or has
had access to all of the Corporation's filings with the Securities and Exchange
Commission under the Securities Exchange Act of 1934.

     (c) Restrictions on Transfer: Purchaser is aware of the restrictions of
transferability of the Note and the shares of common stock of the Corporation
issuable upon conversion of the Note and further understands and acknowledges
that any certificates evidencing the shares of common stock of the Corporation
issuable upon conversion of the Note will bear the following legends, to which
such interests will be subject:

     THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
     SECURITIES ACT OF 1933, AS AMENDED, OR QUALIFIED FOR SALE UNDER ANY STATE
     SECURITIES LAWS (COLLECTIVELY, "SECURITIES LAWS") AND MAY NOT BE OFFERED,
     SOLD OR OTHERWISE TRANSFERRED UNLESS REGISTERED OR QUALIFIED FOR SALE UNDER
     ALL APPLICABLE SECURITIES LAWS OR UNLESS, IN THE OPINION OF COUNSEL
     SATISFACTORY TO THE ISSUER, IN FORM AND SUBSTANCE SATISFACTORY TO THE
     ISSUER, ANY SUCH OFFER, SALE OR OTHER TRANSFER IS EXEMPT FROM THE
     REGISTRATION OR QUALIFICATION REQUIREMENTS OF SUCH SECURITIES LAWS.

Confidential                         Page 2

              21098 Bake Parkway Suite 100, Lake Forest, Ca. 92630
<PAGE>

Purchaser further understands that following the purchase of the Note and the
shares of common stock of the Corporation issuable upon conversion of the Note,
the Note and the shares of common stock of the Corporation issuable upon
conversion of the Note may only be disposed of pursuant to either (i) an
effective registration statement under the Securities Act of 1933, or (ii) an
exemption from the registration requirements of the Securities Act of 1933.

SECTION 5 -- FURTHER ASSURANCES: Purchaser and Corporation hereby represent and
warrant that all representations, warranties, statements and information
provided to each other under this Agreement are true, correct and accurate as of
the date of this Agreement to the best of their knowledge.

SECTION 6 -- BROKER - SUITABILITY: Purchaser and Corporation hereby represent
and warrant to each other that a broker has not been involved in this Agreement
or any of the transactions contemplated hereunder. Corporation does not
represent or warrant the advisability of purchasing the Note or the shares of
common stock of the Corporation issuable upon conversion of the Note and does
not represent or warrant the suitability of the proposed purchase of such
securities by Purchaser. Purchaser represents and warrants that Purchaser has
made an independent assessment of the financial risks of purchasing securities
of the Corporation and has independently determined whether such investment is
suitable in light of the Purchaser's financial circumstances and needs without
being influenced by Corporation or any of the shareholders, directors or
officers of the Corporation.

SECTION 7-- SURVIVAL OF REPRESENTATIONS AND WARRANTIES: The representations and
warranties made by Corporation and Purchaser in this Agreement shall survive
termination of this Agreement and shall continue in favor of Purchaser and
Corporation.

SECTION 8 -- ENTIRE AGREEMENT: This Agreement contains the entire understanding
of the parties and supersedes all previous verbal and written agreements
concerning the securities of the Corporation being issued to Purchaser
hereunder.

SECTION 9 -- AMENDMENTS AND MODIFICATIONS: Any waivers, alterations,
modifications, or amendments of any provision in this Agreement shall not be
binding unless such waiver, alteration, modification or amendment is in writing
and signed by the respective parties hereto.

SECTION 10 -- BINDING EFFECT: This Agreement shall inure to the benefit of and
be binding upon Purchaser and Corporation and their respective legal
representatives.

SECTION 11 -- SEVERABILITY: If any provisions of this Agreement are invalid, all
other provisions shall remain in full force and effect.

SECTION 12 -- CAPTIONS: The headings and captions of this Agreement are inserted
for convenience of reference and do not define, limit or describe the scope or
intent of this Agreement or any particular section, paragraph, or provision
herein.

SECTION 13 -- COUNTERPARTS: This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

Confidential                         Page 3

              21098 Bake Parkway Suite 100, Lake Forest, Ca. 92630
<PAGE>

SECTION 14 -- GOVERNING LAW: This Agreement shall be governed by the laws of the
State of California. Corporation and Purchaser agree to the exclusive
jurisdiction of the State Courts of California in the event of any dispute
arising under this Agreement or the Note and venue shall be in the County of
Orange, California.

SECTION 15 -- NOTICE: Notices shall be in writing and shall be deemed delivered
in person when delivered by courier or mailed postage prepaid by Certified or
Registered Mail -- Return Receipt Requested -- to the person and address
designated below. Notice shall be deemed given on the date of receipt -- as
evidenced in the case of Certified or Registered Mail by Return Receipt. Failure
to accept Certified or Registered Mail shall be deemed a receipt thereof within
ten days after first notice of delivery of the Certified or Registered Mail.

                  Seller/Corporation
                  The Bluebook International Holding Company
                  21098 Bake Parkway Suite 100
                  Lake Forest, CA 92630

                  Purchaser
                  Christopher Albrick
                  25 Bridgeport
                  Dana Point, Ca. 92629

                  ------------------------------
                  Signature

SECTION 16 -- MISCELLANEOUS:

     (a) Pronouns/Gender: Pronouns shall refer to the masculine, feminine,
neuter, singular or plural as the context shall require.

     (b) Equitable Remedies: In addition to all other rights which may be
available, each party shall have the right of specific performance, injunction
or other equitable remedy in the event of a breach or threatened breach of this
Agreement, the parties acknowledging that damages at law may be an inadequate
remedy.

     (c) Litigation Expenses: In the event of litigation or arbitration arising
out of this Agreement, each party shall pay its own costs and expenses of
litigation and arbitration (excluding fees and expenses of arbitrators and
administrative fees and expenses of arbitration).

     (d) Waiver: A waiver of any breach of this Agreement shall not be held as a
waiver of any other breach. All remedies under this Agreement are in addition to
remedies provided by law and are cumulative. Failure to enforce any provision of
this Agreement shall not be a waiver or create an estoppel from enforcing such
provisions.

                         [Signature begin on next page]

Confidential                         Page 4

              21098 Bake Parkway Suite 100, Lake Forest, Ca. 92630
<PAGE>

            IN WITNESS WHEREOF, this Agreement has been executed as of the date
first written above.

                                     CORPORATION:

                                     The Bluebook International Holding Company

                                     By:      /s/ Daniel T. Josipovich
                                              ------------------------
                                              Daniel T. Josipovich
                                              Title: COO

                                     PURCHASER:

                                     /s/ Christopher Albrick
                                     -----------------------
                                     Christopher Albrick
                                     25 Bridgeport
                                     Dana Point, Ca. 92629
<PAGE>

Exhibit A

                           CONVERTIBLE PROMISSORY NOTE

$427,500.00
Unless Otherwise Converted
Maturity Date: August 13, 2005
                                              Date of Agreement: August 13, 2004

     1. For value received, The Bluebook International Holding Company ("Maker")
promises to pay to the order of Christopher L. Albrick (the "holder"), as per
the term of the agreement , at 25 Bridgeport, Dana Point, Ca. 92629 or at such
other place as the holder of this Note may from time to time designate in
writing, the principal sum of Four Hundred Twenty Seven Thousand Five Hundred
Dollars ($427,500.00) together with interest from the date hereof until paid at
the rate of ten percent (10%) per annum compounded annually on the outstanding
principal balance from time to time remaining unpaid payable at the same time as
principal. All principal and interest under this Note shall be payable at
maturity, unless earlier converted in accordance with its terms.

     2. At the option of Maker, all or any portion of the principal sum and
earned interest due on this Note may be prepaid without premium or penalty with
the amount of the prepayment to be applied first to accrued interest and the
remainder to unpaid principal unless earlier converted in accordance with its
terms.

     3. Following the purchase of Maker's Common Stock by Roth Capital, First
American Corporation, or an affiliate thereof or other institutional investor
(the "Institutional Investor"), the holder shall be entitled to convert all (but
not less than all) of the principal balance plus accrued interest then
outstanding under this Note (the "Indebtedness") into shares of Maker's Common
Stock. The holder shall be entitled to make this conversion up to five days
after the closing date of the purchase of Maker's Common Stock by the
Institutional Investor; if the holder does not make this conversion during such
time, the holder shall no longer be entitled to make such conversion of this
Note. The number of shares into which the Indebtedness may be converted shall be
determined by dividing the total amount of the Indebtedness outstanding as of
the date of the conversion by the Institutional Investor Share Price. The term
"Institutional Investor Share Price" shall mean the price per share at which the
Institutional Investor shall purchase shares of Maker's Common Stock. The holder
may make such conversion by delivery of written notice thereof to Maker for
which the maker shall give the holder 5 days notice. Maker shall then
immediately cause certificates representing such shares to be delivered to the
holder and this Note shall be canceled and null and void.

     4. No delay or omission by the holder in exercising or enforcing any of the
holder's rights or remedies under this Note shall constitute a waiver thereof,
nor shall a waiver by the holder of any default under this Note constitute a
waiver of any other default under the same or any other provision hereof except
as otherwise stated. No waiver or modification of any of the terms of this Note
shall be valid or binding unless set forth in writing signed by the holder of
this Note and the Maker.

     5. If any provision of this Note is held by any court of competent
jurisdiction to be unlawful, void or unenforceable, such provision or provisions
shall be deemed separable from and shall in no way affect the enforceability and
validity of the remaining provisions of this Note.

     6. Principal and interest shall be payable in lawful money of the United
States of America.

     7. By the signature of this agreement, the "Maker" shall have full control
of the $427,500 as deposited into its bank account on August 11, 2004. By this
agreement, the "holder" agrees that the "Maker" shall use the funds in any
manner as they see fit without limitation or condition for "Maker's" business
purposes. By signature of this agreement, the "holder" acknowledges and agrees
that all funds used prior to the signature of this agreement where fully allowed
and authorized by the "holder" and shall not be contested for any reason.
<PAGE>

     8. All notices under this Note shall be in writing and shall be effective
only (a) when delivered in person to the recipient, or (b) three days after
deposit in a sealed envelope in the United States mail, postage prepaid, by
registered or certified mail, return receipt requested, addressed to the
recipient at his or its business address, whichever is earlier.

     9. The Note shall be governed by and construed in accordance with the
internal laws of the State of California. Maker and the holder agree to the
exclusive jurisdiction of the State Courts of California in the event of any
dispute arising under this Note.

     10. Entire Agreement: This Agreement contains the entire understanding of
the parties and supersedes all previous verbal and written agreements concerning
the securities of the Corporation being issued to Purchaser hereunder.

     11. Amendments and modifications: Any waivers, alterations, modifications,
or amendments of any provision in this Agreement shall not be binding unless
such waiver, alteration, modification or amendment is in writing and signed by
the respective parties hereto.

                                      THE BLUEBOOK INTERNATIONAL HOLDING COMPANY

                                      By: /s/ Daniel T. Josipovich
                                          ------------------------
                                          Daniel T. Josipovich
                                          COO

ACKNOWLEDGED/ACCEPTED:

/s/ Christopher L. Albrick
--------------------------
Christopher L. Albrick
25 Bridgeport
Dana Point, Ca. 92629

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