Document:

exhibit 10.50

exhibit
  10.50

ESCROW
  AGREEMENT

           
              This ESCROW AGREEMENT (this "Agreement"), dated as of August
  19, 2004, by and among AURA SYSTEMS, INC., a Delaware corporation (the "Company"),
  the purchasers identified on the signature page of this Agreement (each, a "Purchaser,"
  and together with such other investors who participate in the Offering, "Purchasers"),
  and Interwest Transfer Co., Inc., a Utah corporation (the "Escrow Agent"),
  is made and entered into with reference to the following facts:

Recitals

           
              A.            The Company and the Purchasers have entered into a
  certain Securities Purchase Agreement dated as of August 19, 2004 (the "Purchase
  Agreement") providing for the sale by the Company to the Purchasers in a
  private placement a minimum of Five Million Dollars ($5,000,000.00) (the "Minimum
  Offering Amount") and a maximum of Fifteen Million Dollars ($15,000,000)
  (the "Maximum Offering Amount") of its units ("Units") at a purchase
  price of One Thousand Dollars ($1,000) per Unit, each Unit consisting of (i)
  Two Hundred (200) shares of Series B Preferred Stock (the "Series B Shares"),
  which Series B Shares are convertible into shares (the "Conversion Shares")
  of the Company's Common Stock, par value $.005 per share (the "Common Stock"),
  and (ii) Series B Warrants, each warrant entitling the holder to purchase up
  to Twelve Thousand Five Hundred (12,500) shares of Common Stock.    Capitalized
  terms that are used but not defined in this Agreement that are defined in the
  Purchase Agreement shall have the meanings set forth in the Purchase Agreement.

           
              B.            Pursuant to the Purchase Agreement the Purchasers
  and the Company have agreed to enter into this Agreement in order to provide
  for the escrow of the Series B Shares and Series B Warrants comprising the Units
  which have been paid for at Closing by Promissory Notes (such Series B Shares
  and Series B Warrants, together with any property distributed in respect of
  such Units, are referred to as the "Escrow Securities") on the terms
  set forth in the Purchase Agreement and this Agreement.

           
              C.        The Escrow Agent is willing to act as escrow agent pursuant
  to the terms of this Agreement with respect to the holding of the Escrow Securities.

           
              NOW, THEREFORE, IT IS AGREED.

                                   
  1.         Deposit of Escrow Securities.

           
  

                       
              Each Purchaser authorizes and instructs the Company to deposit with
  the Escrow Agent the Escrow Securities, in the amounts and denominations set
  forth in Schedule A to this Agreement, to be held pursuant to the terms
  of the Purchase Agreement and this Agreement. 

                                   
  2.         Terms of Escrow.

                       
  

 a.                  
   The
  Escrow Agent shall hold the Escrow Securities in escrow until May 16, 2005 (the
  "Escrow Termination Date"), at which time Escrow Agent shall deliver
  the Escrow Securities, if any, to the Purchasers entitled thereto, as set forth
  in Schedule "A," less only such Escrow Securities as shall have previously released
  by Escrow Agent under the terms of this Agreement. 

 b.                 
   On
  or after each Payment Date under a Promissory Note, which Payment Dates are
  set forth in Schedule "A," the Purchaser making such payment shall notify the
  Escrow Agent and the Company of the date and amount of the payment made, which
  notice shall instruct the Escrow Agent to deliver to the Purchaser the number
  of Escrow Securities to be released to Purchaser in respect of such payment
  ("Released Securities"), as set forth in Schedule "A." Such notice is
  referred to as the "Release Notice." Unless the Escrow Agent is furnished
  with a notice by the Company objecting to the release to the Purchaser of the
  Released Securities within five (5) business days of the date of such Purchaser's,
  the certificates evidencing the Released Securities shall be delivered by the
  Escrow Agent to the Purchaser.

 c.                  
    If the Escrow
  Agent, prior to the Escrow Termination Date, receives notice of objection, dispute,
  or other assertion from the Company in accordance with any of the provisions
  of this Agreement, the Escrow Agent shall continue to hold the Escrow Securities
  until such time as the Escrow Agent shall receive (i) written instructions jointly
  executed by the applicable Purchaser and the Company, directing the disposition
  of the Escrow Securities (or portion thereof), or (ii) a certified copy of a
  judgment, order or decree of a court of competent jurisdiction, final beyond
  the right of appeal, directing the Escrow Agent to distribute the Escrow Securities
  (or a portion thereof) to any party hereto or as such judgment, order or decree
  shall otherwise specify (including any such order direction the Escrow Agent
  to deposit the Escrow Securities into the Court rendering such order, pending
  determination of any dispute between any of the parties). In addition, the Escrow
  Agent shall have the right to deposit the Escrow Securities with a court of
  competent jurisdiction without liability to any party if said dispute is not
  resolved within 30 days of receipt of any such notice of objection, dispute
  or otherwise.  

                       
              

                                   
  3.         Duties and Obligations of the Escrow Agent.

                       
              a.        The parties hereto agree that the duties and obligations
  of the Escrow Agent are only such as are herein specifically provided and no
  other. The Escrow Agent's duties are as a depositary only, and the Escrow Agent
  shall incur no liability whatsoever, except as a direct result of its willful
  misconduct.

                       
              b.        The Escrow Agent may consult with counsel of its choice,
  and shall not be liable for any action taken, suffered or omitted by it in accordance
  with the advice of such counsel.

                       
              c.        The Escrow Agent shall not be bound in any way by the
  terms of any other agreement to which Purchasers and the Company are parties,
  whether or not it has knowledge thereof, and the Escrow Agent shall not in any
  way be required to determine whether or not any other agreement has been complied
  with by Purchasers or the Company, or any other party thereto.  The  Escrow
  Agent shall not be bound by any modification, amendment, termination, cancellation,
  rescission or supersession of this Agreement unless the same shall be in writing
  and signed by each Purchaser and the Company, and agreed to in writing by the
  Escrow Agent.

                       
              d.        In the event that the Escrow Agent shall be uncertain
  as to its duties or rights hereunder or shall receive instructions, claims or
  demands which, in its opinion, are in conflict with any of the provisions of
  this Agreement, it shall be entitled to refrain from taking any action, other
  than to keep safely, the Escrow Securities until it shall jointly be directed
  otherwise in writing by Purchasers and the Company or by a final judgment of
  a court of competent jurisdiction.

                       
              e.        The Escrow Agent shall be fully protected in relying upon
  any written notice, demand, certificate or document which it, in good faith,
  believes to be genuine. The Escrow Agent shall not be responsible for the sufficiency
  or accuracy of the form, execution, validity or genuineness of documents or
  securities now or hereafter deposited hereunder, or of any endorsement thereon,
  or for any lack of endorsement thereon, or for any description therein, nor
  shall the Escrow Agent be responsible or liable in any account of the identity,
  authority or rights of the persons executing or delivering or purporting to
  execute or deliver any such document, security or endorsement.

                       
              f.        The Escrow Agent shall not be required to institute legal
  proceedings of any kind and shall not be required to defend any legal proceedings
  which may be instituted against it or in respect of the Escrow Securities.

                       
              g.       If the Escrow Agent at any time, in its sole discretion,
  deems it necessary or advisable to relinquish custody of the Escrow Securities,
  it may do so by giving five (5) days written notice to the parties of its intention
  and thereafter delivering the Escrow Securities to any other escrow agent mutually
  agreeable to Purchasers and the Company and, if no such escrow agent shall be
  selected within three days of the Escrow Agent's notification to Purchasers
  and the Company of its desire to so relinquish custody of the Escrow Securities,
  then the Escrow Agent may do so by delivering the Escrow Securities (a) to any
  bank or trust company in Los Angeles County, California, which is willing to
  act as escrow agent thereunder in place and instead of the Escrow Agent, or
  (b) to the clerk or other proper officer of a court of competent jurisdiction
  as may be permitted by law within State of Utah. The fee of any such bank or
  trust company or court officer shall be borne by the Company. Upon such delivery,
  the Escrow Agent shall be discharged from any and all responsibility or liability
  with respect to the Escrow Securities and the Company shall promptly pay to
  the Escrow Agent all monies which may be owned it for its services hereunder,
  including, but not limited to, reimbursement of its out-of-pocket expenses pursuant
  to paragraph (i) below.

                       
              h.       This Agreement shall not create any fiduciary duty on the
  Escrow Agent's part to Purchasers or the Company except as expressly required
  by law.  

 i.                    
   The
  reasonable out-of-pocket expenses paid or incurred by the

 Escrow Agent
  in the administration of its duties hereunder, including, but not limited to,
  all counsel and advisors' and agents' fees and all taxes or other governmental
  charges, if any, shall be paid by the Company, within thirty (30) days of invoicing.

4.     Indemnification.   
  Each of the Purchasers and the Company, jointly and severally, hereby indemnify
  and hold the Escrow Agent and its members, partners, employees, and attorneys
  harmless from and against, to the fullest extent permitted by law, any and all
  losses, damages, taxes, liabilities and expenses that may be incurred, directly
  or indirectly, by the Escrow Agent, arising out of or in connection with its
  acceptance of appointment as the Escrow Agent hereunder and/or the performance
  of its duties pursuant to this Agreement, including, but not limited to, all
  legal costs and expenses of the Escrow Agent incurred defending itself against
  any claim or liability in connection with its performance hereunder and the
  costs of recovery of amounts pursuant to this Section 4.

                                   
  5.         Miscellaneous.

a.       
  All notices, demands and other communications to be given or delivered under
  or by reason of the provisions of this Agreement shall be in writing and shall
  be deemed to duly given and received when delivered personally or transmitted
  by facsimile, one business day after being deposited for next-day delivery with
  a nationally recognized overnight delivery service, or three business days after
  being deposited as first class mail with the United States Postal Service, all
  charges or postage prepaid, and properly addressed to the party to receive the
  same at the address indicated below or at such other address as such party may
  have designated by advance written notice to the other parties. The addresses
  for such communications shall be:

If to the Company:

Aura Systems, Inc.

2335 Alaska Avenue

El Segundo, CA  90245

Attention: Chief Financial Officer

Facsimile No.: (310) 643-8719

  

  

If to the Escrow Agent

Interwest Transfer Co., Inc.

Attn: Kurtis D. Hughes, V.P.

1981 East 4800 South, Suite 100

Salt Lake City, Utah 84117

Facsimile No (801) 272-9370

If to a Purchaser:

To the address designated
  by each Purchaser on the signature page of this Agreement, with a copy (which
  shall not constitute notice hereunder) to its counsel designated on the signature
  page, if any. 

Each party shall provide notice to the other parties
  of any change in address.

 b.                 
   Governing Law; Jurisdiction.
  This Agreement shall be governed by and construed in accordance with the internal
  laws of the State of Utah applicable to contracts made and to be performed in
  the State of Utah. The parties hereto irrevocably consent to the jurisdiction
  of the United States federal courts for the District of Utah and the state courts
  located in the County of Salt Lake in the State of Utah in any suit or proceeding
  based on or arising under this Agreement or the transactions contemplated hereby
  in which Escrow agent is a party and irrevocably agree that all claims in respect
  of such suit or proceeding shall be determined in such courts. In the event
  Escrow Agent is not a party to any such suit or proceeding, the parties hereto
  irrevocably consent to the jurisdiction of the United States federal courts
  located in the Central District in the State of California and the state courts
  located in the County of Los Angeles in the State of California in any suit
  or proceeding based on or arising under this Agreement or the transactions contemplated
  hereby and irrevocably agree that all claims in respect of such suit or proceeding
  shall be determined in such courts.,  The parties irrevocably waive the defense
  of an inconvenient forum to the maintenance of such suit or proceeding. The
  parties further agree that service of process upon a party mailed by the first
  class mail shall be deemed in every respect effective service of process upon
  such party in any suit or proceeding arising hereunder. Nothing herein shall
  affect a party's right to serve process in any other manner permitted by law.
  The parties hereto agree that a final non-appealable judgment in any such suit
  or proceeding shall be conclusive and may be enforced in other jurisdictions
  by suit on such judgment or in any other lawful manner.

 c.                  
   Counterparts.  This Agreement may be executed in any number
  of counterparts and, notwithstanding that any of the parties did not execute
  the same counterpart, each of such counterparts (or facsimile copies thereof)
  shall, for all purposes, be deemed an original, and all such counterparts shall
  constitute one and the same instrument binding on all of the parties hereto. 
  Delivery of an executed counterpart of a signature page to this Agreement by
  facsimile shall be as effective as delivery of a manually executed counterpart
  of a signature page of this Agreement.

 d.                 
   Headings. The headings of this Agreement are for convenience
  of reference and shall not form part of, or affect the interpretation of, this
  Agreement.

 e.                  
   Severability.  In the event that any provision of this
  Agreement or the application of any provision hereof is declared to be illegal,
  invalid or otherwise unenforceable by a court of competent jurisdiction, the
  remainder of this Agreement shall not be affected except to the extent necessary
  to delete such illegal, invalid or unenforceable provision unless the provision
  held invalid shall substantially impair the benefit of the remaining portion
  of this Agreement.

 f.                   
   Scope of Agreement; Amendments. This Agreement and the
  other agreements referred to herein (which other Agreements Escrow Agent need
  not be concerned) set forth the entire agreement and understanding between the
  parties as to the subject matter hereof and thereof and supersede all prior
  discussions, negotiations, agreements and understandings (oral or written) with
  respect to such subject matter.  This Agreement or any provision hereof may
  be (i) amended only by mutual written agreement of the Company and the Purchasers
  or (ii) waived only by written agreement of the waiving party.  No course of
  dealing between or among the parties will be deemed effective to modify, amend
  or discharge any part of this Agreement or any rights or obligations of any
  party under or by reason of this Agreement.

 g.                  
   Successors and Assigns. This Agreement shall be binding
  upon and inure to the benefit of the parties and their respective successors
  and assigns.  

           
              [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                       
                          [SIGNATURE PAGE FOLLOWS]

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

                       
                                                  "THE COMPANY": 

                       
                                                                                                 
  

                       
                                                  AURA SYSTEMS, INC.

                       
                                                  By:___________________________

                       
                                                        Name:

                       
                                                        Title:

                       
                                                  "ESCROW AGENT":

                       
                                                  INTERWEST TRANSFER CO., INC

                       
                                                  By:____________________________

                       
                                                        Its:_________________________

	
    	
      "PURCHASERS"

    
	
    	
       American friends
        of Karen Chava Bnai Levi

    
	
    	
    
	
    	
             By  _______________________________

    
	
    	
             Name: 
        ____________________________

    
	
    	
             Title:   
        ____________________________

    
	
    	
    
	
    	
      Address:  Aries
        Group attn: Z. Kurtzman

    
	
    	
                      
        12100 Wilshire Blvd. Suite 705 

    
	
    	
                      
        Los Angeles, CA 90025

    
	
    	
      Facsimile: (310)
        820-4118

    
	
    	
    
	
    	
    

	
    	
    
	
    	
       _______________________________

    
	
    	
       Yair Ben Moshe                         
        

    
	
    	
      Address:   

    
	
    	
                      
        7250 Beverly Blvd. Suite 101

    
	
    	
                      
        Los Angeles, CA 90036

    
	
    	
      Facsimile: (323)
        954-8848

    

	
    	
    
	
    	
       _______________________________

    
	
    	
       Zvi Kurtzman                         
        

    
	
    	
      Address:   Aries
        Group attn: Z. Kurtzman

    
	
    	
                      
        12100 Wilshire Blvd. Suite 705

    
	
    	
                      
        Los Angeles, CA 90025

    
	
    	
      Facsimile: 
        310 820 4118

    
	
    	
    
	
    	
    
	
    	
       _______________________________

    
	
    	
      Cipora Lavut

    
	
    	
      Address:   Aries
        Group attn: Cipora Lavut

    
	
    	
                      
        12100 Wilshire Blvd. Suite 705

    
	
    	
                      
        Los Angeles, CA 90025

    
	
    	
      Facsimile: (310)
        820-4118

    
	
    	
                      
        

    

	
    	
    
	
    	
       _______________________________

    
	
    	
      Arthur J Schwartz

       

    
	
    	
      Address:   Aries
        Group

    
	
    	
                      
        12100 Wilshire Blvd. Suite 705

    
	
    	
                      
        Los Angeles, CA 90025

    
	
    	
      Facsimile: (310)
        820-4118

    
	
    	
    
	
    	
      _______________________________

    
	
    	
      Neal Kaufman

    
	
    	
      Address:   Aries
        Group

    
	
    	
                      
        12100 Wilshire Blvd. Suite 705

    
	
    	
                      
        Los Angeles, CA 90025

    
	
    	
      Facsimile: (310)
        820-4118

    
	
    	
    
	
    	
    
	
    	
      _______________________________

    
	
    	
      David Maimon

    
	
    	
      Address:   P.O.
        Box 1406

    
	
    	
                      
        Studio City, CA 91614

    
	
    	
                      
        

    
	
    	
      Facsimile: (323)
        330-1390

    
	
    	
                      
        

    
	
    	
      Triple Net LLC

    
	
    	
      Address

    
	
    	
    
	
    	
    
	
    	
      Faxcimile

    
	
    	
    
	
    	
    
	
    	
      ___________________________________

    
	
    	
      Shmuel Ben Moshe

    
	
    	
      Address

    
	
    	
                      
        7250 Beverly Blvd. Suite 101

    
	
    	
                    
          Los Angeles, CA 90036

    
	
    	
      Facsimile: (323)
        954-8848

    
	
    	
    

	
    	
      ____________________________________

    
	
    	
      Izar Fernbach

    
	
    	
      Address

    
	
    	
                      
        7250 Beverly Blvd. Suite 101

    
	
    	
                      
        Los Angeles, CA 90036

    
	
    	
      Facsimile: (323)
        954-8848

    

	
    	
      __________________________________

    
	
    	
      Yaska Ginsbeg

    
	
    	
      Address

    
	
    	
      Address:   P.O.
        Box 1406

    
	
    	
                      
        Studio City, CA 91614

    
	
    	
                      
        

    
	
    	
      Facsimile: (323)
        330-1390

    

 
SCHEDULE "A"

1.            Purchaser:  American
  Friends of Karen Chava Bnai Levi

Deposited Securities:

180,000            Series B Shares

11,250,000      Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
      0

    	
      0

    	 
	
      October
        5, 2004

    	
      42,000

    	
      2,625,000

    	 
	
      November
        5, 2004

    	
      0

    	
      0

    	 
	
      December
        5, 2004

    	
      50,000

    	
      3,125,000

    	 
	
      January
        5, 2005

    	
      0

    	
      0

    	 
	
      February
        5, 2005

    	
      50,000

    	
      3,125.000

    	 
	
      March
        5, 2005

    	
      25,000

    	
      1,562,500

    	 
	
      April
        5, 2005

    	
      13,000

    	
        812,500

    	 
	
      May
        5, 2005

    	
      0

    	
      0

    	 

2.            Purchaser:  Yair
  Ben Moshe

Deposited Securities:

342,000           Series B Shares

21,375,000      Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
      20,000

    	
      1,250,000

    	 
	
      October
        5, 2004

    	
      13,000

    	
         812,500

    	 
	
      November
        5, 2004

    	
      0

    	
      0

    	 
	
      December
        5, 2004

    	
      3,000

    	
        187,500

    	 
	
      January
        5, 2005

    	
      8,000

    	
        500,000

    	 
	
      February
        5, 2005

    	
      38,000

    	
      2,375,000

    	 
	
      March
        5, 2005

    	
      60,000

    	
      3,750,000

    	 
	
      April
        5, 2005

    	
      60,000

    	
      3,750,000

    	 
	
      May
        5, 2005

    	
      90,000

    	
      5,625,000

    	 

3.            Purchaser:  Zvi
  Kurtzman

Deposited Securities:

81,000             Series B Shares

5.062,500            Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
      0

    	
      0

    	 
	
      October
        5, 2004

    	
        6,000

    	
         375,000

    	 
	
      November
        5, 2004

    	
        7,000

    	
         437,500

    	 
	
      December
        5, 2004

    	
        4,000

    	
         250,000

    	 
	
      January
        5, 2005

    	
      10,000

    	
         625,000

    	 
	
      February
        5, 2005

    	
      0

    	
      0

    	 
	
      March
        5, 2005

    	
      14,000

    	
         875,000

    	 
	
      April
        5, 2005

    	
      20,000

    	
      1,250,000

    	 
	
      May
        5, 2005

    	
      20,000

    	
      1,250,000

    	 

4.            Purchaser:  Cipora
  Lavut

Deposited Securities:

82,000             Series B Shares

5,125,000        Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
      0

    	
      0

    	 
	
      October
        5, 2004

    	
         6,000

    	
        375,000

    	 
	
      November
        5, 2004

    	
         7,000

    	
        437,500

    	 
	
      December
        5, 2004

    	
         4,000

    	
        250,000

    	 
	
      January
        5, 2005

    	
       10,000

    	
        625,000

    	 
	
      February
        5, 2005

    	
         2,000

    	
        125,000

    	 
	
      March
        5, 2005

    	
        13,000

    	
        812,500

    	 
	
      April
        5, 2005

    	
        20,000

    	
      1,250,000

    	 
	
      May
        5, 2005

    	
        20,000

    	
      1,250,000

    	 

5.            Purchaser:  Arthur
  Schwartz

Deposited Securities:

36,000             Series B Shares

2,250,000        Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants   
                  Series B Shares

    	
	
	
      September
        5, 2004

    	
      0

    	
      0

    	 
	
      October
        5, 2004

    	
       4,000

    	
       250,000

    	 
	
      November
        5, 2004

    	
      0

    	
      0

    	 
	
      December
        5, 2004

    	
       4,000

    	
       250,000

    	 
	
      January
        5, 2005

    	
       4,000

    	
       250,000

    	 
	
      February
        5, 2005

    	
       6,000

    	
       375,000

    	 
	
      March
        5, 2005

    	
       6,000

    	
       375,000

    	 
	
      April
        5, 2005

    	
       6,000

    	
       375,000

    	 
	
      May
        5, 2005

    	
       6,000

    	
       375,000

    	 

6.            Purchaser:  Neal
  Kaufman

Deposited Securities:

18,000             Series B Shares

1,125,000            Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
      0

    	
    	 
	
      October
        5, 2004

    	
      2,000

    	
      125,000

    	 
	
      November
        5, 2004

    	
      0

    	
    	 
	
      December
        5, 2004

    	
      3,000

    	
      187,500

    	 
	
      January
        5, 2005

    	
      3,000

    	
      187,500

    	 
	
      February
        5, 2005

    	
      4,000

    	
      250,000

    	 
	
      March
        5, 2005

    	
      3,000

    	
      187,500

    	 
	
      April
        5, 2005

    	
      3,000

    	
      187.500

    	 
	
      May
        5, 2005

    	
      0

    	
      0

    	 

7.            Purchaser:  David
  Maimon

Deposited Securities:

365,000           Series B Shares

22,812,500            Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
        0

    	
      0

    	 
	
      October
        5, 2004

    	
         35,000

    	
      2,187,500

    	 
	
      November
        5, 2004

    	
         15,000

    	
        937,500

    	 
	
      December
        5, 2004

    	
         15,000

    	
         937,500

    	 
	
      January
        5, 2005

    	
         20,000

    	
      1,250,000

    	 
	
      February
        5, 2005

    	
         50,000

    	
      3,125,000

    	 
	
      March
        5, 2005

    	
         60,000

    	
      3,750,000

    	 
	
      April
        5, 2005

    	
         60,000

    	
      3,750,000

    	 
	
      May
        5, 2005

    	
       100,000

    	
      6,250,000

    	 

8.            Purchaser:  Triple
  Net (Terry Turner)

Deposited Securities:

80,000 Series B Shares

5,000,000            Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
        0

    	
      0

    	 
	
      October
        5, 2004

    	
        20,000

    	
         1,250,000

    	 
	
      November
        5, 2004

    	
        20,000

    	
         1,250,000

    	 
	
      December
        5, 2004

    	
        20,000

    	
         1,250,000

    	 
	
      January
        5, 2005

    	
        20,000

    	
         1,250,000

    	 
	
      February
        5, 2005

    	
        0

    	
      0

    	 
	
      March
        5, 2005

    	
        0

    	
      0

    	 
	
      April
        5, 2005

    	
        0

    	
      0

    	 
	
      May
        5, 2005

    	
        0

    	
      0

    	 

9.            Purchaser:  Shmuel
  Ben Moshe

Deposited Securities:

40,000 Series B Shares

2,500,000            Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
        10,000

    	
         625,000

    	 
	
      October
        5, 2004

    	
        10,000

    	
         625,000

    	 
	
      November
        5, 2004

    	
        10,000

    	
         625,000

    	 
	
      December
        5, 2004

    	
        10,000

    	
         625,000

    	 
	
      January
        5, 2005

    	
        0

    	
        0

    	 
	
      February
        5, 2005

    	
        0

    	
      0

    	 
	
      March
        5, 2005

    	
        0

    	
      0

    	 
	
      April
        5, 2005

    	
        0

    	
      0

    	 
	
      May
        5, 2005

    	
        0

    	
      0

    	 

10.            Purchaser:  Izar
  Fernbach

Deposited Securities:

10,000 Series B Shares

625,000            Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
        2000

    	
      0

    	 
	
      October
        5, 2004

    	
        2,000

    	
         125,000

    	 
	
      November
        5, 2004

    	
        0

    	
         0

    	 
	
      December
        5, 2004

    	
        2,000

    	
         125,000

    	 
	
      January
        5, 2005

    	
        2,000

    	
         125,000

    	 
	
      February
        5, 2005

    	
        2,000

    	
         125,000

    	 
	
      March
        5, 2005

    	
        0

    	
      0

    	 
	
      April
        5, 2005

    	
        0

    	
      0

    	 
	
      May
        5, 2005

    	
        0

    	
      0

    	 

11.            Purchaser:  Yaska
  Ginsburg

Deposited Securities:

15,000 Series B Shares

937,500            Series B Warrants

Note Payment Dates and Released Securities
  Amounts:

	
      Payment Date

    	
      Released Securities

      Series B Warrants             
        Series B Shares

    	
	
	
      September
        5, 2004

    	
        4000

    	
         250,000

    	 
	
      October
        5, 2004

    	
        2,000

    	
         125,000

    	 
	
      November
        5, 2004

    	
        0

    	
         0

    	 
	
      December
        5, 2004

    	
        2,000

    	
         125,000

    	 
	
      January
        5, 2005

    	
        2,000

    	
         125,000

    	 
	
      February
        5, 2005

    	
        5,000

    	
         312,500

    	 
	
      March
        5, 2005

    	
        0

    	
      0

    	 
	
      April
        2005

    	
        0

    	
      0

    	 
	
      May
        2005

    	
        0

    	
      0exhibit 10.51

exhibit
  10.51

EXHIBIT B

Form
  of Series B Warrant

THIS WARRANT
  AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED
  UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES
  LAWS OF CERTAIN STATES.  THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY
  AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE
  ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION
  THEREFROM.  INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE
  FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.  THE ISSUER
  OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE
  SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE
  IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

Warrant
  To Purchase Common Stock

Of

Aura
  Systems, Inc.

August 19, 2004

No. W-__

This certifies that
  __________________________ (the "Holder") is entitled, subject to the terms
  and conditions of this Warrant, to purchase from AURA SYSTEMS, INC., a Delaware
  corporation (the "Company"), all or any part of an aggregate of ______________
  shares of the Company's authorized and unissued Common Stock, par value $.005
  (the "Warrant Stock"), at the Warrant Price (as defined herein), upon surrender
  of this Warrant at the principal offices of the Company, together with a duly
  executed subscription form in the form attached hereto as Exhibit 1 and simultaneous
  payment of the Warrant Price for each share of Warrant Stock so purchased in
  lawful money of the United States unless exercised in accordance with the provisions
  of Section 2.5 hereof.  The Holder may exercise the Warrant at any time after
  the date of this Warrant and prior to the seventh anniversary of the date hereof
  (the "Expiration Date").

  1.                 
   Definitions.  The following definitions shall apply
  for purposes of this Warrant:

  1.1             
   "Acquisition" means any consolidation, merger or reorganization
  of the Company with or into any other corporation or other entity or person,
  or any other corporate reorganization, in which the stockholders of the Company
  immediately prior to such consolidation, merger or reorganization, own less
  than fifty percent of the Company's voting power immediately after such consolidation,
  merger or reorganization, or any transaction or series of related transactions
  to which the Company is a party in which in excess of fifty percent of the Company's
  voting power is transferred, excluding any consolidation, merger or reorganization
  effected exclusively to change the domicile of the Company.

  1.2             
   "Asset Transfer" means a sale, lease or other disposition of
  all or substantially all of the assets of the Company.

  1.3             
   "Company" means the "Company" as defined above and includes any
  corporation or other entity that succeeds to or assumes the obligations of the
  Company under this Warrant.

  1.4             
   "Common Stock" means the Common Stock, par value $.005, of the
  Company.

  1.5             
   "Fair Market Value" of a share of Warrant Stock means (i) if
  the Common Stock is traded on a securities exchange, the average of the closing
  price on each trading day over the ten consecutive trading day period ending
  three trading days before the day the Fair Market Value of the securities is
  being determined, (ii) if the Common Stock is actively traded over-the counter,
  the average of the closing bid and asked prices quoted on the NASDAQ system
  (or similar system) on each trading day over the five consecutive trading day
  period ending one trading day before the day the Fair Market Value of the securities
  is being determined, or (iii) if at any time the Common Stock is not listed
  on any securities exchange or quoted in the NASDAQ System or the over-the-counter
  market, then the Fair Market Value determined by the Company's Board of Directors
  in good faith.

  1.6             
   "Holder" means the "Holder" as defined above and includes any
  transferee who shall at the time be the registered holder of this Warrant.

  1.7             
   "Warrant" means this Warrant and any warrant(s) delivered in
  substitution or exchange therefor, as provided herein.

  1.8             
   "Warrant Price" means $.02 per share of Warrant Stock.  The Warrant
  Price is subject to adjustment as provided herein.

  1.9             
    "Warrant Stock" means the Common Stock.  The number and character
  of shares of Warrant Stock are subject to adjustment as provided herein and
  the term "Warrant Stock" shall include stock and other securities and property
  at any time receivable or issuable upon exercise of this Warrant in accordance
  with its terms.  

  2.                 
   Exercise.

  2.1             
   Method of Exercise.  Subject to the terms and conditions
  of this Warrant, the Holder may exercise the purchase rights represented by
  this Warrant in whole or in part, at any time or from time to time, on or after
  the date hereof and before the Expiration Date, by surrendering this Warrant
  at the principal offices of the Company, with the subscription form attached
  hereto duly executed by the Holder, and payment of an amount equal to the product
  obtained by multiplying (i) the number of shares of Warrant Stock so purchased
  by (ii) the Warrant Price, as specified in Section 2.2 below.

  2.2             
   Form of Payment.  Except as provided in Section 2.5, payment
  may be made by (i) a check payable to the Company's order, (ii) wire transfer
  of funds to the Company, (iii) cancellation of indebtedness of the Company to
  the Holder, or (iv) any combination of the foregoing.

  2.3             
   Partial Exercise.  Upon a partial exercise of this Warrant,
  this Warrant shall be surrendered by the Holder and replaced with a new Warrant
  or Warrants of like tenor for the balance of the shares of Warrant Stock purchasable
  under the Warrant surrendered upon such purchase.  The Warrant or Warrants will
  be delivered to the Holder thereof within a reasonable time.

  2.4             
   No Fractional Shares.  No fractional shares may be issued
  upon any exercise of this Warrant.  If upon any exercise of this Warrant a fraction
  of a share results, such fraction shall be rounded upwards or downwards to the
  nearest whole number.  

  2.5             
   Net Exercise Election.  At any time on or after the second
  anniversary of the date of issuance of this Warrant, provided that the Company
  prior to such date has not caused to become effective and remain effective for
  a period of at least ninety (90) consecutive days a registration statement covering
  the resale of all of the Warrant Shares by the Holder, the Holder may elect
  to convert all or a portion of this Warrant, without the payment by the Holder
  of any additional consideration, by the surrender of this Warrant or such portion
  to the Company, with the net exercise election selected in the subscription
  form attached hereto duly executed by the Holder, into the number of shares
  of Warrant Stock that is obtained under the following formula:

X = Y (A-B)

A

	where 	
      X  =     the number of shares of
        Warrant Stock to be issued to the Holder pursuant to this Section 2.5.

       

      
	 	
      Y  = the number of shares of Warrant
        Stock purchasable under this Warrant, or if only a portion of the Warrant
        is being exercised, the number of shares of Warrant Stock represented
        by the portion of the Warrant being exercised.

       

      
	 	
      A  = the Fair Market Value of one
        share of Warrant Stock at the time the net exercise election is made pursuant
        to this Section 2.5.

       

      
	 	
      B  = the Warrant Price.

       

      

2.6             
   Condition of Exercise.  As a condition to any exercise of this
  Warrant, the Holder shall represent and warrant as to its status as an "accredited
  investor" under the Securities Act of 1933, as amended (the "Act"), by delivering
  the subscription form attached hereto (together with the appendix attached thereto). 
  

  3.                 
   Issuance of Stock.  This Warrant shall be deemed
  to have been exercised immediately prior to the close of business on the date
  of its surrender for exercise as provided above, and the person entitled to
  receive the shares of Warrant Stock issuable upon such exercise shall be treated
  for all purposes as the holder of record of such shares as of the close of business
  on such date.  As soon as practicable, but in any event no later than three
  days after such date, the Company shall issue and deliver to the person or persons
  entitled to receive the same a certificate or certificates for the number of
  whole shares of Warrant Stock issuable upon such exercise.  The Company covenants
  and agrees that all shares of Warrant Stock that are issued upon the exercise
  of the rights represented by this Warrant will, upon issuance, be duly authorized,
  validly issued, fully paid and nonassessable and free from all preemptive rights
  of any stockholder, free of all taxes, liens and charges with respect to the
  issue thereof and free and clear of any restrictions on transfer (other than
  under the Act and state securities laws).

  4.                 
   Adjustment Provisions.  The number and character
  of shares of Warrant Stock issuable upon exercise of this Warrant (or any shares
  of stock or other securities or property at the time receivable or issuable
  upon exercise of this Warrant) and the Warrant Price for the Common Stock are
  subject to adjustment upon the occurrence of the following events between the
  date this Warrant is issued and the date it is exercised:

  4.1             
   Adjustment for Stock Splits, Stock Dividends, Recapitalizations,
  etc.  The Warrant Price of this Warrant and the number of shares of Warrant
  Stock issuable upon exercise of this Warrant (or any shares of stock or other
  securities at the time issuable upon exercise of this Warrant) shall each be
  appropriately and proportionally adjusted to reflect any stock dividend, stock
  split, reverse stock split, combination of shares, reclassification, recapitalization
  or other similar event affecting the number of outstanding shares of Warrant
  Stock (or such other stock or securities).

  4.2             
   Adjustment for Other Dividends and Distributions. 
  In case the Company shall make or issue, or shall fix a record date for the
  determination of eligible holders entitled to receive, a dividend or other distribution
  payable with respect to the Warrant Stock that is payable in (a) securities
  of the Company (other than issuances with respect to which adjustment is made
  under Section 4.1), or (b) assets (other than cash dividends paid or payable
  solely out of retained earnings), then, and in each such case, the Holder, upon
  exercise of this Warrant at any time after the consummation, effective date
  or record date of such event, shall receive, in addition to the shares of Warrant
  Stock issuable upon such exercise prior to such date, the securities or such
  other assets of the Company to which the Holder would have been entitled upon
  such date if the Holder had exercised this Warrant immediately prior thereto
  (all subject to further adjustment as provided in this Warrant).

  4.3             
   Adjustment for Reorganization, Consolidation,
  Merger.  In case of any reorganization of the Company (or of any other corporation
  or entity, the stock or other securities of which are at the time receivable
  on the exercise of this Warrant), after the date of this Warrant, or in case,
  after such date, the Company (or any such corporation or entity) shall consolidate
  with or merge into another corporation or entity or convey all or substantially
  all of its assets to another corporation or entity, then, and in each such case,
  the Holder, upon the exercise of this Warrant (as provided in Section 2), at
  any time after the consummation of such reorganization, consolidation, merger
  or conveyance, shall be entitled to receive, in lieu of the stock or other securities
  and property receivable upon the exercise of this Warrant prior to such consummation,
  the stock or other securities or property to which the Holder would have been
  entitled upon the consummation of such reorganization, consolidation, merger
  or conveyance if the Holder had exercised this Warrant immediately prior thereto,
  all subject to further adjustment as provided in this Warrant, and the successor
  or purchasing corporation or entity in such reorganization, consolidation, merger
  or conveyance (if other than the Company) shall duly execute and deliver to
  the Holder a supplement hereto acknowledging such corporation's or entity's
  obligations under this Warrant; and in each such case, the terms of this Warrant
  shall be applicable to the shares of stock or other securities or property receivable
  upon the exercise of this Warrant after the consummation of such reorganization,
  consolidation, merger or conveyance.

  4.4             
   [Intentionally Deleted]

  4.5             
   Notice of Certain Events and Adjustments.  The Company
  shall give thirty days prior written notice of the record date fixed for any
  Acquisition, Asset Transfer or event  referred to in Section 4.2 or 4.3.  The
  Company shall promptly give written notice of each adjustment or readjustment
  of the Warrant Price or the number of shares of Warrant Stock or other securities
  issuable upon exercise of this Warrant.  The notice shall describe the adjustment
  or readjustment and show in reasonable detail the facts on which the adjustment
  or readjustment is based.

  4.6             
   No Change Necessary.  The form of this Warrant need not
  be changed because of any adjustment in the Warrant Price or in the number of
  shares of Warrant Stock issuable upon its exercise.

  5.                 
   No Rights or Liabilities as Stockholder.  This
  Warrant does not by itself entitle the Holder to any voting rights or other
  rights as a stockholder of the Company.  In the absence of affirmative action
  by the Holder to purchase Warrant Stock by exercise of this Warrant, no provisions
  of this Warrant, and no enumeration herein of the rights or privileges of the
  Holder, shall cause the Holder to be a stockholder of the Company for any purpose.

  6.                 
   Attorneys' Fees.  The Company shall pay the reasonable
  attorneys' fees, costs and disbursements of the Holder in enforcing any terms
  of this Warrant, whether or not any action at law or in equity is brought.

  7.                 
   Transfer.  This Warrant may be transferred or assigned
  by the Holder hereof in whole or in part, if, on the Company's reasonable request,
  the Holder provides an opinion of counsel reasonably satisfactory to the Company
  that such transfer does not require registration under the Act and the applicable
  state securities law, except that this Warrant may be transferred by a Holder
  which is a partnership or limited liability company to a partner, former partner,
  member, former member or other affiliate of such partnership or limited liability
  company, as the case may be, if (a) the transferee agrees in writing to be subject
  to the terms of this Warrant and (b) the Holder delivers notice of such transfer
  to the Company.  The rights and obligations of the Company and the Holder under
  this Warrant shall be binding upon and inure to the benefit of their respective
  permitted successors, assigns, heirs, administrators and transferees.

  8.                 
   Loss or Mutilation.  Upon receipt by the Company
  of evidence reasonably satisfactory to it of the ownership and the loss, theft,
  destruction or mutilation of this Warrant, and of indemnity reasonably satisfactory
  to it, and (in the case of mutilation) upon surrender and cancellation of this
  Warrant, the Company will execute and deliver in lieu thereof a new Warrant
  of like tenor.

  9.                 
   Reservation of Warrant Stock.  If at any time the
  number of authorized but unissued shares of the Warrant Stock shall not be sufficient
  to effect the exercise of this Warrant, the Company shall take all such corporate
  action as may be necessary to increase its authorized but unissued shares of
  the Warrant Stock to such number of shares of the Warrant Stock as shall be
  sufficient for such purpose.  The parties acknowledge that the Company currently
  does not have any shares of the Warrant Stock available for issuance and the
  Company hereby agrees to use its best efforts to take action to call a stockholder
  meeting and increase its authorized but unissued Warrant Stock as soon as practicable. 
  

  10.             
   Governing Law.  This Warrant shall be governed
  by and construed and interpreted in accordance with the laws of the State of
  Washington, without giving effect to its conflicts of law principles.  All disputes
  between the parties hereto arising out of or in connection with this Warrant
  or the Warrant Stock, whether sounding in contract, tort, equity or otherwise,
  shall be resolved only by state and federal courts located in Spokane, Washington,
  and the courts to which an appeal therefrom may be taken.  All parties hereto
  waive any objections to the location of the above-referenced courts, including
  but not limited to any objection based on lack of jurisdiction, improper venue
  or forum non conveniens.  Notwithstanding the foregoing, any party obtaining
  an order or judgment in any of the above-referenced courts may bring an action
  in a court in another jurisdiction in order to enforce such order or judgment.
  

  11.             
   Headings.  The headings and captions used in this
  Warrant are used for convenience only and are not to be considered in construing
  or interpreting this Warrant.  All references in this Warrant to sections and
  exhibits shall, unless otherwise provided, refer to sections hereof and exhibits
  attached hereto, all of which exhibits are incorporated herein by this reference.

  12.             
   Notices.  Any request, consent, notice or other
  communication required or permitted under this Warrant shall be in writing and
  shall be deemed duly given and received when delivered personally or transmitted
  by facsimile, one business day after being deposited for next-day delivery with
  a nationally recognized overnight delivery service, or three business days after
  being deposited as first class mail with the United States Postal Service, all
  charges or postage prepaid, and properly addressed to the party to receive the
  same at the address for such party indicated in the Securities Purchase Agreement
  dated as of August __, 2004, by and between the Company and the purchasers party
  thereto, or in the Amendment and Conversion Agreement dated as of August __,
  2004, referenced therein, as applicable or at such other address as such party
  may have designated by advance written notice to the other party.

  13.             
   Amendment; Waiver.  Any term of this Warrant may
  be amended and the observance of any term of this Warrant may be waived (either
  generally or in a particular instance and either retroactively or prospectively)
  only with the written consent of the Company and the Holder in the case of an
  amendment and only with the written consent of the waiving party in the case
  of a waiver.

  14.             
   Severability.  If one or more provisions of this
  Warrant are held to be unenforceable under applicable law, such provision(s)
  shall be excluded from this Warrant and the balance of the Warrant shall be
  interpreted as if such provision(s) were so excluded and shall be enforceable
  in accordance with its terms.

  15.             
   Terms Binding.  By acceptance of this Warrant,
  the Holder accepts and agrees to be bound by all the terms and conditions of
  this Warrant.

  16.             
   Valid Issuance; Taxes.  All shares of Warrant Stock
  issued upon the exercise of this Warrant shall be validly issued, fully paid
  and non-assessable, and the Company shall pay all taxes and other governmental
  charges that may be imposed in respect of the issue or delivery thereof.  The
  Company shall not be required to pay any transfer tax or other similar charge
  imposed in connection with any transfer involved in the issuance of any certificate
  for shares of Warrant Stock in any name other than that of the Holder of this
  Warrant.

  17.             
   No Impairment.  The Company will not, by amendment
  of its Certificate of Incorporation or bylaws, or through reorganization, consolidation,
  merger, dissolution, issue or sale of securities, sale of assets or any other
  voluntary action, avoid or seek to avoid the observance or performance of any
  of the terms of this Warrant, but will at all times in good faith assist in
  the carrying out of all such terms and in the taking of all such action as may
  be necessary or appropriate in order to protect the rights of the Holder of
  this Warrant against impairment.  Without limiting the generality of the foregoing,
  the Company (a) will not increase the par value of any shares of Warrant Stock
  issuable upon the exercise of this Warrant above the amount payable therefor
  upon such exercise, and (b) will take all such action as may be necessary or
  appropriate in order that the Company may validly and legally issue fully paid
  and non-assessable shares of Warrant Stock upon exercise of this Warrant.

 [Remainder
  of page intentionally left blank]

  

  

    

IN WITNESS WHEREOF,
  the undersigned has executed this Warrant as of the date and year first set
  forth above.

	
    	
      AURA SYSTEMS,
        INC.

      By:                                                                  
        

      Name: ______________________________

      Title: _______________________________

    
	
    	
    

[Signature Page to Warrant]

  

  

   

Exhibit
  1

FORM OF SUBSCRIPTION

(To
  be signed only upon exercise of Warrant)

To:  Aura Systems,
  Inc.

 (1)            Check the box that applies
  and  provide the necessary information:

	
      o   

    	Cash Payment Election. 
      The undersigned Holder hereby elects to purchase            shares
      of Common Stock of Aura Systems, Inc. (the "Warrant Stock"), pursuant to
      the terms of the attached Warrant, and tenders herewith payment of the purchase
      price for such shares in full.
	
      o   

    	 Net Exercise Election. 
      The undersigned Holder elects to convert the Warrant into shares of Warrant
      Stock by net exercise election pursuant to Section 2.5 of the Warrant. 
      This conversion is exercised with respect to __________ shares of Common
      Stock of Aura Systems, Inc. (the "Warrant Stock") covered by the Warrant.

(2)            In exercising the Warrant,
  the undersigned Holder hereby makes the representations and warranties set forth
  on Appendix A hereto as of the date hereof.

(3)            Please
  issue a certificate or certificates representing such shares of Warrant Stock
  in the name or names specified below:

	
      

    	
      

    	
      

    	
      

    	
      

    
	
      

    	
      

      (Name)

    	
      

    	
      

      (Name)

    	
      

    
	 	
      

      (Signature)

    	 	
      

      (Signature)

    	 
	 	
      

      (Address)
      

    	 	
      

      (Address)
      

    	 
	 	
      

      (City, State,
        Zip Code) 

    	 	
      

      (City, State,
        Zip Code) 

    	 
	 	
      

      (Federal Tax Identification
        Number)  

    	 	
      

      (Federal Tax Identification
        Number)  

    	 
	 	
      

      (Date)

    	 	
      

      (Date)

    	 

  

Appendix A

INVESTMENT REPRESENTATION

The
  undersigned, _____________________ (the "Holder"), intends to acquire shares
  of Common Stock (the "Common Stock") of Aura Systems, Inc. (the "Company") from
  the Company pursuant to the exercise or conversion of a Warrant to purchase
  Common Stock held by the Holder.  The Common Stock will be issued to the Holder
  in a transaction not involving a public offering and pursuant to an exemption
  from registration under the Securities Act of 1933, as amended (the "Securities
  Act"), and applicable state securities laws.  In connection with such purchase
  and in order to comply with the exemptions from registration relied upon by
  the Company, the Holder represents, warrants and agrees as follows:

(a)           
  The Holder is acquiring the Common Stock for its own account, to hold for investment,
  and the Holder shall not make any sale, transfer or other disposition of the
  Common Stock in violation of the Securities Act or the General Rules and Regulations
  promulgated thereunder by the Securities and Exchange Commission or in violation
  of any applicable state securities law.  The Holder is an "accredited investor"
  as such term is defined in Rule 501 of Regulation D promulgated under the Securities
  Act.

(b)           
  The Holder has been advised that the Common Stock has not been registered under
  the Securities Act or state securities laws on the ground that this transaction
  is exempt from registration, and that reliance by the Company on such exemptions
  is predicated in part on the Holder's representations set forth herein.

(c)           
  The Holder has been informed that under the Securities Act, the Common Stock
  must be held indefinitely unless it is subsequently registered under the Securities
  Act or unless an exemption from such registration (such as Rule 144) is available
  with respect to any proposed transfer or disposition by the Holder of the Common
  Stock.  The Holder further agrees that the Company may refuse to permit the
  Holder to sell, transfer or dispose of the Common Stock (except as permitted
  under Rule 144) unless there is in effect a registration statement under the
  Securities Act and any applicable state securities laws covering such transfer,
  or unless the Holder furnishes an opinion of counsel reasonably satisfactory
  to counsel for the Company to the effect that such registration is not required. 
  

The
  Holder also understands and agrees that there will be placed on the certificate(s)
  for the Common Stock or any substitutions therefor, a legend stating in substance:

 "The shares represented by this certificate
  have not been registered under the Securities Act of 1933, as amended (the "Securities
  Act"), or any state securities laws.  These shares have been acquired for investment
  purposes and may not be sold or otherwise transferred in the absence of an effective
  registration statement for these shares under the Securities Act and applicable
  state securities laws or an opinion of counsel satisfactory to the Company that
  registration is not required and that an applicable exemption is available."

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]