Document:

Exhibit 10.45

NEITHER THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")
OR ANY OTHER APPLICABLE SECURITIES LAWS IN RELIANCE UPON AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS.
NEITHER THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF MAY BE SOLD,
PLEDGED, TRANSFERRED, ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR IN A TRANSACTION
WHICH IS EXEMPT FROM REGISTRATION UNDER THE PROVISIONS OF THE SECURITIES ACT.

                             STOCK PURCHASE WARRANT

                To Purchase 250,000 Shares of the Common Stock of

                                 VFINANCE, INC.

     THIS CERTIFIES that, for value received, ZENITH PROFESSIONAL CENTER, LTD.,
     a Florida limited partnership and/or its assigns (the "Holder"), is
     entitled, upon the terms and subject to the conditions hereinafter set
     forth, at any time on or after the date hereof (the "Exercise Date") and on
     or prior to the close of business on the date which is five years after the
     date hereof (the "Termination Date"), to subscribe for and purchase from
     vFinance, Inc. (the "Company"), up to Two Hundred and Fifty Thousand
     (250,000) shares (the "Warrant Shares") of common stock, par value $.001
     per share (the "Common Stock") of the Company. The purchase price of each
     share of Common Stock (the "Exercise Price") under this Warrant shall be
     $0.15. The Exercise Price and the number of shares for which the Warrant is
     exercisable shall be subject to adjustment as provided herein. In the event
     of any conflict between the terms of this Warrant and the Lease Agreement
     among Company and the investors signatory thereto, including the Holder,
     dated as of January 1, 2003 (the "Lease Agreement") pursuant to which this
     Warrant has been issued, the Lease Agreement shall control. Capitalized
     terms used and not otherwise defined herein shall have the meanings set
     forth for such terms in the Lease Agreement.

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1. Title to Warrant. Prior to the Termination Date and subject to compliance
with applicable laws and the terms of this Warrant, this Warrant and all rights
hereunder are transferable, in whole or in part, at the office or agency of the
Company by the holder hereof in person or by duly authorized attorney, upon
surrender of this Warrant together with the Assignment Form annexed hereto
properly endorsed.

2. Authorization of Shares. The Company covenants that all shares of Common
Stock which may be issued upon the exercise of rights represented by this
Warrant will, upon exercise of the rights represented by this Warrant, be duly
authorized, validly issued, fully paid and nonassessable and free from all
taxes, liens and charges in respect of the issue thereof (other than taxes in
respect of any transfer occurring contemporaneously with such issue).

3. Vesting. The Holder's right to purchase the Warrant Shares shall vest
immediately.

4. Exercise of Warrant. Except as provided in Sections 3 and 4 herein, exercise
of the purchase rights represented by this Warrant may be made at any time or
times on or after the Exercise Date, as to not less than (i) 1,000 Warrant
Shares at a time, or, (ii) if this Warrant evidences rights of a Holder to
purchase less than 2,000 unpurchased shares of Common Stock, all such
unpurchased shares, and in either case before the close of business on the
Termination Date by the surrender of this Warrant and the Notice of Exercise
Form annexed hereto duly executed, at the office of the Company (or such other
office or agency of the Company as it may designate by notice in writing to the
registered holder hereof at the address of such holder appearing on the books of
the Company) and upon payment of the Exercise Price of the shares thereby
purchased by wire transfer or cashier's check drawn on a United States bank, the
holder shall be entitled to receive a certificate for the number of shares of
Common Stock so purchased. Certificates for shares purchased hereunder shall be
delivered to the holder hereof within ten (10) Trading Days after the date on
which this Warrant shall have been exercised as aforesaid. This Warrant shall be
deemed to have been exercised and such certificate or certificates shall be
deemed to have been issued, and the Holder or any other person so designated to
be named therein shall be deemed to have become a holder of record of such
shares for all purposes, as of the date on which this Warrant is surrendered
(together with the Notice of Exercise) and payment of the Exercise Price is
made. If this Warrant shall have been exercised in part, the Company shall, at
the time of delivery of the certificate or certificates representing Warrant
Shares, deliver to the Holder a new Warrant evidencing the rights of Holder to
purchase the unpurchased shares of Common Stock called for by this Warrant,
which new Warrant shall in all other respects be identical with this Warrant.

5. No Fractional Shares or Scrip. No fractional shares or scrip representing
fractional shares shall be issued upon the exercise of this Warrant. As to any
fraction of a share which Holder would otherwise be entitled to purchase upon
such exercise, the Company shall pay a cash adjustment in respect of such final
fraction in an amount equal to the Exercise Price.

6. Charges, Taxes and Expenses. Issuance of certificates for shares of Common
Stock upon the exercise of this Warrant shall be made without charge to the
holder hereof for any issue or federal or state transfer tax or other incidental
expense in respect of the issuance of such certificate, all of which taxes and
expenses shall be paid by the Company, and such certificates shall be issued in
the name of the holder of this Warrant or in such name or names as may be
directed by the holder of this Warrant; provided, however, that in the event
certificates for shares of Common Stock are to be issued in a name other than
the name of the holder of this Warrant, this Warrant when surrendered for
exercise shall be accompanied by the Assignment Form attached hereto duly
executed by the holder hereof; and the Company may require, as a condition
thereto, the payment of a sum sufficient to reimburse it for any transfer tax
incidental thereto.

7. Closing of Books. The Company will not close its stockholder books or records
in any manner which prevents the timely exercise of this Warrant.

8. Transfer, Division and Combination. (a) The Holder (and its transferees and
assigns), by acceptance of this Warrant, covenants and agrees that it is
acquiring the Warrants evidenced hereby, and, upon exercise hereof, the Warrant
Shares, for its own account as an investment and not with a view to the resale
or distribution thereof. The Warrant Shares have not been registered under the
Securities Act or any state securities laws and no transfer of any Warrant
Shares shall be permitted unless the Company has received notice of such
transfer, at the address of its principal office set forth in the Lease
Agreement, in the form of assignment attached hereto, accompanied by an opinion
of counsel reasonably satisfactory to the Company that an exemption from
registration of such Warrants or Warrant Shares under the Securities Act is
available for such transfer, except that no such opinion shall be required after
the registration for resale by the Holder of the Warrant Shares, as contemplated
by the Registration Rights Agreement. Upon any exercise of the Warrants,
certificates representing the Warrant Shares shall bear a restrictive legend
substantially identical to that set forth on the face of this Warrant
certificate. Any purported transfer of any Warrant or Warrant Shares not in
compliance with the provisions of this section shall be null and void.

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                           (b) This Warrant may be divided or combined with
other Warrants upon presentation hereof at the aforesaid
office of the Company, together with a written notice specifying the names and
denominations in which new Warrants are to be issued, signed by Holder or its
agent or attorney; provided, however, that no division of this Warrant shall be
permitted which would create at Warrant with respect to less than 1,000 Warrant
Shares. Subject to compliance with Section 8(a), as to any transfer which may be
involved in such division or combination, the Company shall execute and deliver
a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided
or combined in accordance with such notice.

                           (c) The Company shall prepare, issue and deliver at
its own expense (other than transfer taxes) the new Warrant or Warrants under
this Section 8.

                           (d) The Company agrees to maintain, at its aforesaid
office or the office of its transfer or registration
agent, books for the registration and the registration of transfer of the
Warrants.

9. No Rights as Stockholder until Exercise. This Warrant does not entitle the
holder hereof to any voting rights or other rights as a shareholder of the
Company prior to the exercise hereof. Upon the surrender of this Warrant and the
payment of the aggregate Exercise Price, the Warrant Shares so purchased shall
be and be deemed to be issued to such holder as the record owner of such shares
as of the close of business on the later of the date of such surrender or
payment.

10. Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants
that upon receipt by the Company of evidence reasonably satisfactory to it of
the loss, theft, destruction or mutilation of this Warrant certificate or any
stock certificate relating to the Warrant Shares, and in case of loss, theft or
destruction, of indemnity or security reasonably satisfactory to it (which shall
not exceed that customarily charged by the Company's transfer agent), and upon
surrender and cancellation of such Warrant or stock certificate, if mutilated,
the Company will make and deliver a new Warrant or stock certificate of like
tenor and dated as of such cancellation, in lieu of such Warrant or stock
certificate.

11. Saturdays, Sundays, Holidays, etc. If the last or appointed day for the
taking of any action or the expiration of any right required or granted herein
shall be a Saturday, Sunday or a legal holiday, then such action may be taken or
such right may be exercised on the next succeeding day not a Saturday, Sunday or
legal holiday.

12. Adjustments of Exercise Price and Number of Warrant Shares. (a) Stock
Splits, etc. The number and kind of securities purchasable upon the exercise of
this Warrant and the Exercise Price shall be subject to adjustment from time to
time upon the happening of any of the following. In case the Company shall (i)
pay a dividend in shares of Common Stock or make a distribution in shares of
Common Stock to holders of its outstanding Common Stock, (ii) subdivide its
outstanding shares of Common Stock into a greater number of shares of Common
Stock, (iii) combine its outstanding shares of Common Stock into a smaller
number of shares of Common Stock or (iv) issue any shares of its capital stock
in a reclassification of the Common Stock, then the number of Warrant Shares
purchasable upon exercise of this Warrant immediately prior thereto shall be
adjusted so that the holder of this Warrant shall be entitled to receive the
kind and number of Warrant Shares or other securities of the Company which he
would have been entitled to receive had such Warrant been exercised in advance
thereof. Upon each such adjustment of the kind and number of Warrant Shares or
other securities of the Company which are purchasable hereunder, the holder of
this Warrant shall thereafter be entitled to purchase the number of Warrant
Shares or other securities resulting from such adjustment at an Exercise Price
per Warrant Share or other security obtained by multiplying the Exercise Price
in effect immediately prior to such adjustment by the number of Warrant Shares
purchasable pursuant hereto immediately prior to such adjustment and dividing by
the number of Warrant Shares or other securities of the Company resulting from
such adjustment. An adjustment made pursuant to this paragraph shall become
effective immediately after the effective date of such event retroactive to the
record date, if any, for such event.

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         Reorganization, Reclassification, Merger, Consolidation or Disposition
of Assets. In case the Company shall reorganize its capital, reclassify its
capital stock (other than a change in nominal value to no nominal value, or from
no nominal value to nominal value, or as a result of a subdivision, combination
or other event described in paragraph (a) of this Section), consolidate or merge
with or into another corporation (where the Company is not the surviving
corporation or where there is a change in or distribution with respect to the
Common Stock of the Company), or sell, transfer or otherwise dispose of all or
substantially all its property, assets or business to another corporation and,
pursuant to the terms of such reorganization, reclassification, merger,
consolidation or disposition of assets, shares of common stock of the successor
or acquiring corporation, or any cash, shares of stock or other securities or
property of any nature whatsoever (including warrants or other subscription or
purchase rights) in addition to or in lieu of common stock of the successor or
acquiring corporation ("Other Property"), are to be received by or distributed
to the holders of Common Stock of the Company, then Holder shall have the right
thereafter to receive, upon exercise of this Warrant, the number of shares of
common stock of the successor or acquiring corporation or of the Company, if it
is the surviving corporation, and Other Property receivable upon or as a result
of such reorganization, reclassification, merger, consolidation or disposition
of assets by a holder of the number of shares of Common Stock for which this
Warrant is exercisable immediately prior to such event. In case of any such
reorganization, reclassification, merger, consolidation or disposition of
assets, the successor or acquiring corporation (if other than the Company) shall
expressly assume the due and punctual observance and performance of each and
every covenant and condition of this Warrant to be performed and observed by the
Company and all the obligations and liabilities hereunder, subject to such
modifications as may be deemed appropriate (as determined in good faith by
resolution of the Board of Directors of the Company) in order to provide for
adjustments of shares of Common Stock for which this Warrant is exercisable
which shall be as nearly equivalent as practicable to the adjustments provided
for in this Section 11. The foregoing provisions of this Section 11 shall
similarly apply to successive reorganizations, reclassifications, mergers,
consolidations or disposition of assets.

13. Voluntary Adjustment by the Company. The Company may at any time during the
term of this Warrant, reduce the then current Exercise Price to any amount and
for any period of time deemed appropriate by the Board of Directors of the
Company.

14. Notice of Adjustment. Whenever the number of Warrant Shares or number or
kind of securities or other property purchasable upon the exercise of this
Warrant or the Exercise Price is adjusted, as herein provided, the Company shall
promptly mail by registered or certified mail, return receipt requested, to the
holder of this Warrant notice of such adjustment or adjustments setting forth
the number of Warrant Shares (and other securities or property) purchasable upon
the exercise of this Warrant and the Exercise Price of such Warrant Shares (and
other securities or property) after such adjustment, setting forth a brief
statement of the facts requiring such adjustment and setting forth the
computation by which such adjustment was made. Such notice, in the absence of
manifest error, shall be conclusive evidence of the correctness of such
adjustment.

15. Notice of Corporate Action. If at any time:
    -------------------------------------------

                           (a) the Company shall take a record of the holders of
its Common Stock for the purpose of entitling them to
receive a dividend or other distribution, or any right to subscribe for or
purchase any evidences of its indebtedness, any shares of stock of any class or
any other securities or property, or to receive any other right, or

                           (b) there shall be any capital reorganization of the
Company, any reclassification or recapitalization of
the capital stock of the Company or any consolidation with or merger of the
Company into, or any sale, transfer or other disposition of all or substantially
all the property, assets or business of the Company to, another corporation or,

                           (c) there shall be a voluntary or involuntary
dissolution, liquidation or winding up of the Company;

                                       4

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then, in any one or more of such cases, the Company shall give to Holder (i) at
least 10 days' prior written notice of any record date for such dividend,
distribution or right or for determining rights to vote in respect of any such
reorganization, reclassification, merger, consolidation, sale, transfer,
disposition, liquidation or winding up, and (ii) in the case of any such
reorganization, reclassification, merger, consolidation, sale, transfer,
disposition, dissolution, liquidation or winding up, at least 10 days' prior
written notice of the date when the same shall take place. Such notice in
accordance with the foregoing clause also shall specify (i) the date on which
any such record is to be taken for the purpose of such dividend, distribution or
right, the date on which the holders of Common Stock shall be entitled to any
such dividend, distribution or right, and the amount and character thereof, and
(ii) the date on which any such reorganization, reclassification, merger,
consolidation, sale, transfer, disposition, dissolution, liquidation or winding
up is to take place and the time, if any such time is to be fixed, as of which
the holders of Common Stock shall be entitled to exchange their shares of Common
Stock for securities or other property deliverable upon such disposition,
dissolution, liquidation or winding up. Each such written notice shall be
sufficiently given if addressed to Holder at the last address of Holder
appearing on the books of the Company and delivered in accordance with Section
17(d).

16. Authorized Shares. The Company covenants that during the period the Warrant
is outstanding, it will reserve from its authorized and unissued Common Stock a
sufficient number of shares to provide for the issuance of the Warrant Shares
upon the exercise of any purchase rights under this Warrant. The Company further
covenants that its issuance of this Warrant shall constitute full authority to
its officers who are charged with the duty of executing stock certificates to
execute and issue the necessary certificates for the Warrant Shares upon the
exercise of the purchase rights under this Warrant. The Company will take all
such reasonable action as may be necessary to assure that such Warrant Shares
may be issued as provided herein without violation of any applicable law or
regulation, or of any requirements of the Principal Market upon which the Common
Stock may be listed.

                           The Company shall not by any action, including,
without limitation, amending its certificate of incorporation or through any
reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities 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 actions as may be necessary or appropriate to protect the
rights of Holder against impairment. Without limiting the generality of the
foregoing, the Company will (a) not increase the par value of any shares of
Common Stock receivable upon the exercise of this Warrant above the amount
payable therefor upon such exercise immediately prior to such increase in par
value, (b) take all such action as may be necessary or appropriate in order that
the Company may validly and legally issue fully paid and nonassessable shares of
Common Stock upon the exercise of this Warrant, and (c) use its best efforts to
obtain all such authorizations, exemptions or consents from any public
regulatory body having jurisdiction thereof as may be necessary to enable the
Company to perform its obligations under this Warrant.

                           Before taking any action which would result in an
adjustment in the number of shares of Common Stock for which this Warrant is
exercisable or in the Exercise Price, the Company shall obtain all such
authorizations or exemptions thereof, or consents thereto, as may be necessary
from any public regulatory body or bodies having jurisdiction thereof.

17. Miscellaneous.
    --------------

         (a) Jurisdiction. This Warrant shall be binding upon any successors or
  assigns of the Company. This Warrant shall constitute a contract under the
  laws of New York without regard to its conflict of law, principles or rules,
  and be subject to arbitration pursuant to the terms set forth in the Lease
  Agreement.

         (b) Restrictions. The holder hereof acknowledges that the Warrant
  Shares acquired upon the exercise of this Warrant, if not registered, will
  have restrictions upon resale imposed by state and federal securities laws.

         (c) Nonwaiver and Expenses. No course of dealing or any delay or
  failure to exercise any right hereunder on the part of the Holder shall
  operate as a waiver of such right or otherwise prejudice Holder's rights,
  powers or remedies, except that all rights hereunder terminate on the
  Termination Date. If the Company fails to comply with any provision of this
  Warrant, the Company shall pay to the Holder such amounts as shall be
  sufficient to cover any costs and expenses including, but not limited to,
  reasonable attorneys' fees, including those of appellate proceedings, incurred
  by the Holder in collecting any amounts due pursuant hereto or in otherwise
  enforcing any of its rights, powers or remedies hereunder.

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<PAGE>

         (d) Notices. Any notice, request or other document required or
  permitted to be given or delivered to the holder hereof by the Company shall
  be delivered in accordance with the notice provisions of the Lease Agreement.

         (e) Limitation of Liability. No provision hereof, in the absence of
  affirmative action by Holder to purchase shares of Common Stock, and no
  enumeration herein of the rights or privileges of Holder hereof, shall give
  rise to any liability of the Holder for the purchase price of any Common Stock
  or as a stockholder of the Company, whether such liability is asserted by the
  Company or by creditors of the Company.

         (f) Remedies. The Holder, in addition to being entitled to exercise all
  rights granted by law, including recovery of damages, will be entitled to
  specific performance of its rights under this Warrant. The Company agrees that
  monetary damages would not be adequate compensation for any loss incurred by
  reason of a breach by it of the provisions of this Warrant and hereby agrees
  to waive the defense in any action for specific performance that a remedy at
  law would be adequate.

         (g) Successors and Assigns. Subject to applicable securities laws, this
  Warrant and the rights and obligations evidenced hereby shall inure to the
  benefit of and be binding upon the successors of the Company and the
  successors and permitted assigns of the Holder. The provisions of this Warrant
  are intended to be for the benefit of all Holders from time to time of this
  Warrant and shall be enforceable by any such Holder or holder of Warrant
  Shares.

         (h) Amendment. This Warrant may be modified or amended or the
  provisions hereof waived only with the written consent of the Company and the
  Holder.

         (i) Severability. Wherever possible, each provision of this Warrant
  shall be interpreted in such manner as to be effective and valid under
  applicable law, but if any provision of this Warrant shall be prohibited by or
  invalid under applicable law, such provision shall be ineffective to the
  extent of such prohibition or invalidity, without invalidating the remainder
  of such provisions or the remaining provisions of this Warrant.

         (j) Headings. The headings used in this Warrant are for the convenience
  of reference only and shall not, for any purpose, be deemed a part of this
  Warrant.

         (k) Registration Rights. The Company hereby agrees to grant to the
  Holder Piggyback Registration rights pursuant to the terms and conditions of
  Exhibit A attached hereto and incorporated herein.

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<PAGE>

                  IN WITNESS WHEREOF, the Company has caused this Warrant to be
executed by its officer thereunto duly authorized.

Dated: January 10th, 2003

                                           VFINANCE, INC.

                                      /s/ Leonard J. Sokolow
                                          Leonard J. Sokolow
                                          Chief Executive Officer
                                          January 10th, 2003

<PAGE>

                               NOTICE OF EXERCISE

To:      vFinance, Inc.

(1)  The undersigned  hereby elects to purchase  ________ shares of Common Stock
     (the  "Common  Stock"),  of  vFinance,  Inc.  pursuant  to the terms of the
     attached  Warrant,  and tenders  herewith  payment of the exercise price in
     full, together with all applicable transfer taxes, if any.

(2)  Please issue a  certificate  or  certificates  representing  said shares of
     Common  Stock in the name of the  undersigned  or in such  other name as is
     specified below:

                          -------------------------------
                           (Name)

                          -------------------------------
                           (Address)
                          -------------------------------

Dated:  ______________, _______

                Holder's Signature: _____________________________

                Holder's Name:      _____________________________

                Holder's Address:   _____________________________

                                                     ________________________

                           Social Security, Employer
                           or Other Tax Identification
                           Number of Holder:         ________________________

NOTE: The signature to this Assignment Form must correspond with the name as it
appears on the face of the Warrant, without alteration or enlargement or any
change whatsoever, and must be guaranteed by a bank or trust company. Officers
of corporations and those acting in an fiduciary or other representative
capacity should file proper evidence of authority to assign the foregoing
Warrant.

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<PAGE>

                                 ASSIGNMENT FORM

                    (To assign the foregoing warrant, execute
                   this form and supply required information.
                 Do not use this form to exercise the warrant.)

  FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are
hereby

assigned to ___________________________________________________________________

whose address is_______________________________________________________________

____________________________________________________.

Dated:  ______________, _______

                           Holder's Signature: _____________________________

                           Holder's Name:      _____________________________

                           Holder's Address:   _____________________________

                                                     ___________________________
                           Social Security, Employer
                           or Other Tax Identification
                           Number of Holder:         ___________________________

Signature Guaranteed:  ___________________________________________

NOTE: The signature to this Assignment Form must correspond with the name as it
appears on the face of the Warrant, without alteration or enlargement or any
change whatsoever, and must be guaranteed by a bank or trust company. Officers
of corporations and those acting in an fiduciary or other representative
capacity should file proper evidence of authority to assign the foregoing
Warrant.

                                       9

<PAGE>

                                   EXHIBIT "A"

                               REGISTRATION RIGHTS

Capitalized terms used but not defined herein shall have the respective meanings
ascribed to such terms in the Option to which this Exhibit A is attached.

(a) PIGGY-BACK REGISTRATION RIGHTS. If at any time commencing after July 1, 2003
until the expiration of the Warrant (the "Registration Period"), vFinance, Inc.
(the "Company") proposes to register any of its securities under the Securities
Act (other than registration of a stock option, stock purchase or compensation
or incentive plan or of stock issued or issuable pursuant to any such plan, or
dividend investment plan, a registration of stock proposed to be issued in
exchange for securities or assets of, or in connection with the merger or
consolidation with, another person or entity , or a registration of stock
proposed to be issued in exchange for securities of such other person or
entity), the Company shall give prompt written notice thereof to the Holder and,
upon the written request made within ten (10) days after the Holder and, upon
receipt of such notice, the Company shall use its best efforts to effect as part
of such registration the registration under the Securities Act of that number of
the Warrant Shares ("Warrant Shares") which the Holder requests the Company to
register, provided that if the registration relates to a firm commitment,
underwritten public offering, the managing underwriter of the Company's public
offering, if any, shall be of the opinion that the inclusion in such
registration of such number of Warrant Shares will not interfere with the
successful marketing of all of the Company's securities being registered. If the
managing underwriter, if any, reasonably requests the Holder to reduce in whole
or in part the number of Warrant Shares sought or be registered by the Holder,
the Holder shall comply with the request of the managing underwriter. In any
underwritten offering, the Holder shall sell the Warrant Shares registered as
part of such underwritten offering to the underwriters of such offering on the
same terms and conditions as apply to the Company. In connection with any
registration pursuant to this Section (a), the Holder shall provide the Company
with such information regarding the Holder and the distribution of the Warrant
Shares as the Company and the managing underwriter shall reasonably request for
use in the registration statement relating to such offering. The Company shall
pay all costs and expenses of the Holder. The Company shall not be obliged to
effect registration under the Securities Act pursuant to this Section (a) on
more than one occasion; PROVIDED, HOWEVER, that this limitation shall not apply
if the number of shares requested to be registered by the Holder shall have been
reduced pursuant to the second sentence of this Section (a) unless and until the
occurrence of an occasion on which the shares requested by the Holder to be
registered have not been so reduced. The Company will pay all registration
expenses of the Holder in connection with any registration hereunder.

(b) GENERAL CONDITIONS. In connection with each registration effected pursuant
to Section (a), the Company and the Holder agree as follows:

(i) INDEMNIFICATION OF HOLDER. The Company shall indemnify and hold harmless the
Holder against any and all losses, claims, damages, or liabilities to which the
Holder may become subject under the Securities Act, or any other statute or
common law, including any amount paid in settlement of any litigation, commenced
or threatened, if such settlement is effected with the written consent of the
Company, and to reimburse them for any legal or other expenses incurred by them
in connection with investigating any claims and defending any action insofar as
any such losses, claim, damages, liabilities or actions arise out of or are
based upon 1) any untrue statement or alleged untrue statement of a material
fact, contained in any registration statement, prospectus or preliminary
prospectus or any amendment thereof or supplement thereto or any offering
circular or other document incident to any registration, qualification or
compliance, or any omission or alleged omission to state therein any material
fact required to be stated therein or necessary to make the statements therein
not misleading, or any violation by the Company of any rule or regulation
promulgated under the Securities Act applicable to the Company and relating to

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<PAGE>

any action or inaction required of the Company in connection with any such
registration, qualification, or compliance. The indemnification agreement
contained in this agreement, however, shall not: 1) apply to such losses,
claims, damages, liabilities, or actions arising out of, or based upon, any such
untrue statement or alleged omission, if such statement or omission was in
reliance upon and in conformity with the information furnished in writing to the
Company by the Holder for use in the registration statement or any preliminary
prospectus or prospectus contained in the registration statement or any
amendment thereof or supplement thereto, or 2) inure to the benefit of any
underwriter from whom the person asserting any such losses, claims, damages,
expenses or liabilities purchased the securities which are the subject thereof
(or to the benefit of any person controlling such underwriter), if such
underwriter failed to send or give a copy of the prospectus to such person at or
prior to the written confirmation of the sale of such securities to such person.

(ii) INDEMNIFICATION OF THE COMPANY. The Holder and each underwriter of the
Warrant Shares to be registered (such party and such underwriters being referred
to severally in this subparagraph as the "Indemnifying Party") shall agree, in
the same manner and to the same extent as set forth in the preceding paragraph,
to, severally and not jointly, indemnify and hold harmless the Company and each
person, if any, who controls the Company within the meaning of Section 15 of the
Securities Act, its directors and those officers of the Company who shall have
signed such registration statement, with respect to any statement in or omission
from such registration statement or any post-effective amendment thereof or any
preliminary prospectus (as amended or supplemented, if amended or supplemented
as aforesaid) contained in such registration statement, if such statement or
omission was made in reliance upon and in conformity with information furnished
in writing to the Company by such Indemnifying Party specifically for use in
such registration statement or any preliminary prospectus or prospectus
contained in such registration statement or any amendment thereof or supplement
thereto.

(iii) NOTICE OF INDEMNIFIABLE ACTION. Each indemnified party will, promptly
after the receipt of notice of the commencement of any action against such
indemnified party in respect of which indemnity may be sought from a party
hereto on account of an indemnity agreement contained in this Section, notify
the indemnifying party in writing of the commencement thereof. The omission of
any indemnified party so to notify an indemnifying party of any such action
shall relieve the indemnifying party from any liability in respect of such
action which it may have to such indemnified party not (unless the failure to
give such notice has actually prejudiced the indemnifying party) on account of
the indemnity agreement contained in this Section.

(iv) TERMINATION OF OBLIGATION. The Company shall not be required to file a
registration statement or to keep a registration statement effective if the
Warrant Shares could be publicly sold in any 90 day period without registration
under the Securities Act.

                                       11LEASE AGREEMENT

This  lease  agreement is made and entered into this 5TH day of SEPTEMBER, 2003,
at  Naples,  Florida,  by  and  between  DIVERSIFIED  REAL  ESTATE  GROUP, INC.,
hereinafter  called  "Lessor",  and  SEREFEX  CORPORATION,  hereinafter  called
"Lessee".

                  ARTICLE I. DEMISE, DESCRIPTION, USE, AND TERM
                  ---------------------------------------------

Lessor hereby leases to Lessee and Lessee hereby leases from Lessor a portion of
the  commercial  building  located  at 3427 EXCHANGE AVENUE, UNIT B, NAPLES, FL.
34104.  The  leased premises consist of 2,123 of rent earning space, which shall
be  measured from the outside walls of the structure to the center of any shared
walls.  The  leased  premises  is  to be used for OFFICES and in accordance with
uses  normally  incident  thereto  and  for no other purpose, for the term of 60
MONTHS,  commencing  on OCTOBER 1, 2003 and ending on SEPTEMBER 30, 2008 for the
total  of  the  minimum  annual  rental,  applicable tax and additional rent for
common  area  maintenance  charges  and  all other sums specified in Article II.

                                ARTICLE II. RENT
                                ----------------

2.01  MINIMUM  RENT:  Lessee shall pay to Lessor at P.O. BOX 767 NAPLES, FLORIDA
34106, or at such other place as the Lessor shall designate from time to time in
writing, as rent for the leased premises, the sum of $ 94,866.67 plus sales tax,
payable  without  demand  and  without  setoff or deduction, except as expressly
provided  herein,  in equal monthly installments of $ 1459.58 plus sales tax and
such  additional  rent,  as provided herein, each installment paid in advance on
the  first  day  of  each  calendar  month,  commencing  on  OCTOBER 1, 2003 and
continuing  thereafter  until  said total shall be paid in full.  On each annual
anniversary  date  of  this  lease, the minimum annual rent shall increase by an
amount equal to CPI or 4 %, which ever is higher, of the minimum annual rent for
the  immediately  preceding year, and the monthly installments shall be adjusted
accordingly.

2.02  ADDITIONAL  RENT: Lessee agrees to pay as rent, without demand, setoff, or
deduction,  in  addition  to the minimum rental herein above provided, an amount
equal  to the Lessee's pro rata share ("Lessee's percentage") of expense paid by
Lessor  for  common  area  maintenance, property insurance, liability insurance,
real  and  personal  property  taxes  and  assessments, garbage collection fees,
management  fees,  bank  charges,  and  the  expenses of any utility charges for
servicing  the  common areas.  "Common Area" means the parking areas, driveways,
halls,  stairs,  entrances, landscape beds, and walks of the described property.
The  current  annual  amount  for the above described expenses for the unit is $
3,184.50  and  the Lessee's share of these expenses is $ 1.50 per square foot or
leased  space  which is based on the square footage of the Lessee's leased space
divided by the total rentable square footage in the building.  This amount shall
be paid in advance monthly at the rate of $ 265.37 plus sales tax, commencing on
OCTOBER  1,  2003.  The  annual amount for the above described expenses shall be
adjusted  based  on  the  Lessor's  actual expenditures for the preceding twelve
months  and  estimates  of future expenditures as required, in the Lessor's sole
judgment,  on  January  1  of each calendar year.  Thirty (30) days prior to any
adjustment,  the  Lessee  shall be notified in writing of any adjustment amount,
and  that  adjusted  monthly  amount  shall  be  due with the January 1 payment.

2.03  EFFECT  OF  DEFAULT  IN RENT AND OTHER PAYMENTS: If Lessee defaults in the
payment  of  any  of  the installments of rent hereunder, such installment shall
bear  interest at the rate of eighteen percent (18%) per annum from the day that
it  is  due  until actually paid.  It is specifically provided that Lessee shall
pay  to Lessor a minimum fifty-dollar ($50.00) charge for any such late payment.
In like manner, all other obligations, benefits, and moneys which may become due
to  Lessor  from  Lessee  under  the  terms  hereof, or which are paid by Lessor
because  of  Lessee's  default  hereunder,  shall  bear  interest at the rate of
eighteen  percent  (18%) per annum from the due date until paid, or, in the case
of  the sums paid by Lessor because of Lessee's default hereunder, from the date
of  such  payments  are  made  by  Lessor until the date Lessor is reimbursed by
Lessee  therefor.

2.04  SECURITY  DEPOSIT:  Lessee  has  this  day  deposited  with the Lessor the
additional  sum  of                  $  2,000.00,  receipt  of  which  is hereby
acknowledged  by  Lessor,  as  security for the full and faithful performance by
Lessee  of  the  aforementioned  terms,  conditions and covenants of this lease.
Such  deposit  may be commingled by Lessor and shall not need be placed in trust
by  Lessor  or  held  in a separate account by Lessor, nor shall any interest be
paid  by Lessor in respect thereof. If at any time during the term hereof Lessee
shall  be  in  default  in  the  payment  of rent herein reserved or any portion
thereof,  or  of  any other sums expressly required to be paid hereunder, Lessor
may  appropriate  and  apply  any  portion  of  the  security  deposit as may be
necessary  to  the  payment  of  the  overdue  rent  or  other  sums  expressly
constituting  rent  hereunder.  In  such  event,  Lessee  shall  be  required to
reimburse  Lessor  for such amounts within ten (10) days of demand. The security
deposit  or  any  other balance thereof shall be returned without interest after
the  Lessee  has  vacated  and left the premises in an acceptable condition, and
surrendered  all  keys,  following  a  personal inspection by Lessor.  If Lessor
determines  that  any loss, damage, or injury chargeable to the Lessee hereunder
exceeds the security deposit, the Lessor, at his option, may retain the said sum
as  liquidated  damages  or may apply the sum against any actual loss, damage of
injury  and  the  balance  thereof  will  be  the  responsibility of the Lessee.
Lessor's determination of the amount, if any, to be returned to the Lessee shall
be final.  It is further understood and agreed that said security deposit is not
to  be  considered  as  the  last  payment  due  under  this  lease.

2.05  PERSONAL  PROPERTY  TAXES: All property taxes assessed by any governmental
body  upon Lessee's personal property and Lessee's improvements shall be paid by
Lessee  and  should  these taxes be applied in any manner to the ad valorem real
property  taxes,  Lessee, upon demand will pay such sum to Lessor shall pay them
to  the  proper  tax  collector.

               ARTICLE III. INSURANCE AND HOLD HARMLESS AGREEMENT
               --------------------------------------------------

3.01  LESSOR  OBLIGATION:  Lessor  agrees  to  and  shall secure from a good and
responsible  company  or  companies  doing business in the State of Florida, and
maintain  during  the  entire  term  of  this  lease, fire and extended coverage
insurance  in an amount not less than the full value of the commercial building,
provided  that insurance in the amount can be obtained, and, if not, the highest
amount  that  can  be  obtained  less  than  such  amount.

3.02  LESSEE'S  OBLIGATION: Lessee will, during the term of this lease indemnify
the Lessor and hold it harmless against all claims, demands, judgments for loss,
damage  or  injury to property or persons resulting or accruing by reason of the
use  and  occupancy  of  the leased premises.  Lessee agrees to and shall within
twenty  (20)  days  from  the  date  hereof,  secure from a good and responsible
company or companies doing business in the State of Florida, and maintain during
the  entire  term  of  the  lease,  the  following  additional  coverage:

1) Public liability insurance in the minimum amount of $ 1,000,000 for injury to
any one person, and $1,000,000 for injuries to persons in one accident, for loss
from  an  accident  resulting  in  bodily  injury  to or death of persons, and $
1,000,000  for  loss  from  an accident resulting in damage to or destruction of
property.

2)  Fire  and  extended  coverage  insurance on Lessee's improvements, fixtures,
goods,  wares, and merchandise in or on the leased premises, with coverage in an
amount  equal  to  the  value  of  such  property.

3.03  ADDITIONAL  INSUREDS:  Lessee  agrees that the Lessor shall be named as an
additional  insured  on  the  aforementioned  policies  of  insurance.

3.04  PROOF OF COVERAGE: On securing the foregoing coverage's, the parties shall
give  the  other  written  notice  thereof together with a certified copy of the
appropriate  policies.

3.05  FAILURE  TO  SECURE:  If  either  party at any time during the term hereof
should fail to secure or maintain the foregoing insurance, the other party shall
be  permitted  to obtain such insurance in the defaulting party's name or as the
agent  of  the  defaulting  party  for  the  cost  of  the  insurance  premiums.

3.06 PROCEEDS: Proceeds from any such policy or policies shall be payable to the
primary  insured  party for such policy or policies, who shall use such proceeds
to  make  repairs  as  provided  below.

3.07 TOTAL DESTRUCTION: If the building on the leased premises should be totally
destroyed  by  fire, flood or other casualty, or if it should be so damaged that
rebuilding  or  repairs  cannot  be reasonably completed within 180 working days
from  the date of the written notification by Lessee to Lessor of the occurrence
of  the  damage,  this  lease  shall  terminate and rent shall be abated for the
unexpired  portion  of  this  lease,  effective  as  of the date of said written
notification.

3.08  PARTIAL  DAMAGE:  If  the  building  or  other  improvements on the leased
property should be damaged by fire, flood, or other casualty, but not to such an
extent  that  rebuilding  or  repairs  cannot be reasonably completed within 180
working  days  from  the date of the written notification by Lessee to Lessor of
the  occurrence of the damage, this lease shall not terminate, but Lessor shall,
if  the casualty has occurred prior to the final twelve (12) months of the lease
term,  at  its  sole  cost  and risk proceed forthwith to rebuild or repair such
building  and  other  improvements  to substantially the same condition in which
they  existed  prior  to  such  damage.  If the casualty occurs during the final
twelve (12) months of the lease term, Lessor shall not be required to rebuild or
repair such damage.  If the building and other improvements are to be rebuilt or
repaired  and  are untenantable in whole or part following such damage, the rent
payable  hereunder  during  the  period  in which they are untenantable shall be
adjusted  equitably.  In  the  event  that  Lessor  shall  fail to complete such
rebuilding  or  repairs  within  180  working  days from the date of the written
notification  by Lessee to Lessor of the occurrence of the damage, Lessee may at
its  option  terminate the lease by written notification at such time to Lessor,
whereon  all  rights  and  obligations  hereunder  shall  cease.

                              ARTICLE IV. UTILITIES
                              ---------------------

Lessee  shall  during  the  term  hereof  pay all charges (including deposits to
secure  services)  for  telephone,  water, sewer, gas, electricity and all other
utilities  used in or on the leased premises before they shall become delinquent
and shall hold Lessor harmless from any liability therefore. Lessee acknowledges
the  existing  electric  meter  services  the adjoining Unit A. Lessee agrees to
reimburse  Lessor  for  the electric used in its unit. Lessor shall estimate and
bill  Lessee  on  a  monthly  basis.

                          ARTICLE V. WASTE AND NUISANCE
                          -----------------------------

Lessee  shall  not  commit,  or  suffer to be committed, any waste on the leased
premises,  nor shall it maintain, commit or permit the maintenance of commission
of any nuisance on the leased premises for any unlawful purpose Lessee agrees to
comply  with  all  local,  state,  and  federal  laws,  rules,  regulations, and
requirements  applicable  to  the  premises.

                               ARTICLE VI. REPAIRS
                               -------------------

6.01  LESSEE'S  OBLIGATIONS:  The  interior of the premises is the Lessee's sole
responsibility.  Lessee  agrees  to  keep  the leased premises in good order and
repair, reasonable wear and tear, damage by accident, fire or other casualty not
resulting  from  Lessee's negligence excepted.  Lessee agrees to keep the leased
premises  clean  and  to  repair  or  replace  everything  within  the premises,
including  but  not  limited  to,  wall  surfaces,  floors,  ceilings, plumbing,
electrical, doors, windows, stairways, railings, or other portions of the leased
premises.

6.02  LESSOR'S  OBLIGATIONS:  Lessor  agrees  to  maintain  the  exterior of the
building  of  the  leased  property  including the roof, exterior walls, and all
structural  elements,  in  good  and  substantial  repair.  Lessor  shall not be
required  to make any repair to the roof or any other part of the premises until
notice  of  the  need  for such repair is given to Lessor by Lessee, and further
provided  that  the  Lessor  shall  not be liable for or be required to make any
repairs  or  perform  any maintenance to or upon the premises which are required
by,  related to, or which arise out of the negligence, misfeasance, malfeasance,
or  fault  of Lessee, its employees, agents, invitees, licensees, contractors or
customers  in  which  event Lessee shall be solely responsible therefor.  Lessor
shall  not  be  responsible  for  any  damage caused by a roof leak or any other
leakage  to  the  interior  of  the  premises  or  merchandise.
Lessee  assumes  all  risk of any damages to Lessee's property that may occur by
reason  of  water  or  the bursting or leaking of any pipes or waste water about
said  premises,  or  from  any  act  or  negligence or breach of any covenant by
occupants  of the building, or any other person, or fire or hurricane, or by any
other  act of God, or from any cause whatsoever.  The Lessor shall not be liable
for  any  water  damage  whatsoever.

           ARTICLE VII. ALTERATIONS, IMPROVEMENTS, FIXTURES AND SIGNS
           ----------------------------------------------------------

7.01  ALTERATIONS,  MECHANICS  LIENS:  Lessee  shall with Lessor's prior written
consent,  have the right to improve, add to, or alter the leased premises and to
install  fixtures  thereon; provided, however, that it shall not remove any such
improvements,  additions,  alterations,  or  fixtures  without the prior written
consent  of  Lessor,  and  provided  further,  that  on  expiration  or  sooner
termination  of  this  lease,  all  improvements,  including  fixtures  and  any
addition,  alteration,  or  repair  to  the  premises  placed  on or made to the
premises  by  Lessee  during  the  term  hereof,  shall revert to and become the
absolute  property  of Lessor, free and clear of any and all claims against them
by  Lessee  or  any third person, and Lessee hereby agrees to hold harmless from
any  claims  that  made  be made against such improvements by any third persons.
Lessee  shall keep the premises and the building free from any liens arising out
of  any  work  performed, material furnished, or obligations incurred by Lessee.
Lessee agrees that if  Lessee shall make any alterations of the premises, Lessee
will  not  take  such  action until five (5) days after receipt by Lessee of the
written  consent  of  Lessor  required by this section, in order that Lessor may
post  appropriate  notices  to  avoid  any  possible  liability  with respect to
mechanic's  liens  or  other such claims.  Lessee shall at all times permit such
notices to be posted and to remain posted until the completion and acceptance of
such  work.

7.02  SIGNS:  Lessee  shall not be permitted to paint, display or erect signs of
any  type  on  the  exterior  of  the leased premises, including interior window
painting  or  displays  which are visible from the exterior, without the express
written  consent  of  Lessor  and  Lessor  may  remove any such sign at Lessor's
discretion.  Further,  Lessor  may  place  such uniform exterior signs as Lessor
deems  appropriate  and  Lessee  shall  be  required to reimburse Lessor for the
placement  of  any  such  sign  on  the  exterior  of  the  premises.

                           ARTICLE VIII. SUBORDINATION
                           ---------------------------

Lessee  agrees that this lease shall be subordinate to any mortgage or mortgages
or  the  lien  resulting  therefrom  or  from  any  other method of financing or
refinancing,  now  or  hereunder  in  force against the land and/or buildings of
which  the  leased premises are a part, and to all advances made or hereafter to
be  made upon the security thereof.  This shall be self-operative and no further
instrument  of  subordination shall be necessary to evidence such subordination.
However,  the  Lessee,  upon the request of any party in interest, shall execute
promptly such instrument or certificates to carry out the intent hereof as shall
be required by the Lessor.  If ten (10) days after the date of a written request
by  Lessor to execute such instruments, Lessee shall not have executed the same,
the  Lessor may at his option, cancel this Lease without incurring any liability
on account thereof and term hereof shall end because of a default on the part of
the  Lessee.

Lessee  agrees  that  this  Lease  Agreement  shall be and is subordinate to any
submission  by  Lessor  or  by  his  heirs,  successors or assigns (collectively
referred  to  herein as "Lessor") of the leased premises to the condominium form
of  ownership  under  Chapter  718  of the Florida Statutes.  This subordination
shall  be  necessary  to evidence such subordination.  However, the Lessee, upon
the  request  of  the  Lessor  shall  execute  promptly  any  such instrument or
certification  to  carry  out the intent hereof and shall as required by Lessor.
If  ten  (10) days after the date of a written request by Lessor to execute such
instrument  or  certification,  Lessee  shall  not  have  executed  the same and
delivered  the  requested instruments (witnessed and acknowledged as requested),
then  the  Lessor  may  at  his  option, cancel this lease without incurring any
liability  or account thereof and the term hereof shall end because of a default
on the part of the Lessee.  The Lessor shall also have the right to specifically
enforce this provision or obtain any other remedies provided under this lease if
Lessor,  in  his  sole  discretion,  so  determines.

                            ARTICLE IX. CONDEMNATION
                            ------------------------

In  the  event  the  entire  demised  premises shall be taken by condemnation or
right  of eminent domain, this lease shall terminate as of the day of possession
shall  be taken by the taking authority, and Lessor and Lessee shall be released
from  any further liability hereunder thereafter occurring.  In the event only a
portion  of  the  demised  premises  shall  be taken by condemnation or right of
eminent  domain and such portion so taken renders the balance unsuitable for the
purpose  of  this  lease,  either  the  Lessor  or  Lessee  shall be entitled to
terminate  this  Lease  within  thirty  (30)  days'  notice  in  writing of such
termination is given.  If, in such case, the lease is not terminated, the Lessor
agrees to restore the premises with reasonable speed to an architectural unit as
nearly  like  its  condition  prior to such taking as shall be practical, and if
during  the  work or restoration Lessee is deprived of all or part of the use of
the  demised premises, an appropriate reduction of rent, depending upon the time
during which and the portion of said premises of which Lessee is deprived, shall
be  granted.  The  Lessee  shall not be entitled to share any awards paid by the
condemning  authority.

                        ARTICLE X. DEFAULTS AND REMEDIES
                        --------------------------------

10.01  DEFAULT  BY  LESSEE:

1.   Lessee shall be in immediate default of this lease if any person other than
     Lessee  shall  secure  possession  of the premises, or any part thereof, by
     reason  of  any receivership, bankruptcy proceedings, or other operation of
     law  in  any  manner  whatsoever.

2.   Lessee  shall  be in default under this lease if Lessee allows the rent due
     under this lease (including minimum rent and additional rent) and any other
     monies due under this lease to be in arrears more than three (3) days after
     the  date  of  written  notice  of  such  delinquency  from  Lessor.

3.   Except  for  defaults other than the non-payment of rent (including minimum
     rent and additional rent) and the non-payment of any other monies due under
     the  lease  which  such  non-payment is addressed in number 2 above, Lessee
     shall  be  in  default under this lease if Lessee remains in default of any
     provision  in  this  lease for a period of ten (10) days from the date of a
     written  notice  from  Lessor  notifying  Lessee  of  such  default.

LESSOR'S DEFAULT REMEDIES:  If Lessee is in default under the lease and fails to
--------------------------
cure  the  default  as  provided  above,  then  Lessor  may  do  the  following:

1.   Accelerate  the  remaining  amounts  of  rent  (including  minimum rent and
     additional  rent)  due  under the lease. If the Lessor chooses this option,
     then  the  full amount of rent (including minimum rent and additional rent)
     due  under  the  lease  for  the  duration of the lease will be due in full
     immediately;

2.   Continue  to  hold  Lessee  liable for all rent (including minimum rent and
     additional  rent)  and  any other monies due under the lease without taking
     possession  of  the premises, in which event, Lessor may sue Lessee as rent
     (including  minimum  rent  and additional rent) and any other monies become
     due  under  the  lease  without  waiving  any  right to sue for future rent
     (including  minimum  rent  and additional rent) and any other future monies
     which  become  due  under  the  lease;

3.   Retake  possession  of  the  premises and cancel and terminate the lease as
     well  as any right, title, possession and interest of Lessee and sue Lessee
     for  all  damages  which  are  due  from  Lessee at the time Lessor retakes
     possession,  including  without  limitation  any  damages  caused  to  the
     premises,  all  monies owed for rent (including minimum rent and additional
     rent)  and  for  any  other  monies  due  under  the  lease;

4.   Retake  possession  of  the premises and continue to hold Lessee liable for
     the  rent (including minimum rent and additional rent) and other monies due
     under  the  lease  as the rent (including minimum rent and additional rent)
     and other monies due under the lease become due. If the Lessor chooses this
     option, Lessor will make a good faith attempt to relet the premises. Lessee
     will remain liable for the duration of the lease for the difference between
     the  rental  (including  minimum rent and additional rent) and other monies
     stipulated  to  be paid under the lease and the amount in good faith Lessor
     is able to recover from reletting. Lessor may sue Lessee at any time during
     the  duration  of the Lease for rent (including minimum rent and additional
     rent) and other monies due under the lease without waiving any right to sue
     for  future rent (including minimum rent and additional rent) and any other
     future monies under the lease; Lessor is entitled to recover his attorney's
     fees  and  costs  in  any  action against the Lessee regarding the Lessee's
     default  under  this  lease.  It  is  expressly agreed that in the event of
     default  by  Lessee  hereunder,  Lessor  shall  have a lien upon all goods,
     chattels, of personal property of any description belonging to Lessee which
     are  replaced in, or become a part of, the leased premises, as security for
     rent  due  and  to  become due for the remainder of the current lease term,
     which  lien  shall  not  be  in  lieu of or in any way affect any statutory
     Lessor's  lien  given  by  law, but shall be cumulative thereto; and Lessee
     hereby  grants to Lessor a security interest in all such property placed in
     said  leased premises for such purposes. This shall not prevent the sale by
     Lessee  of  any merchandise in the ordinary course of business free of such
     lien  to  Lessor. In the event Lessor exercises the option to terminate the
     leasehold,  and  to  reenter  and  relet  the  premises  as provided in the
     preceding  paragraph,  then  Lessor  may take possession of all of Lessee's
     property  on the premises and sell the same at public or private sale is to
     be  made,  for  cash  of  on credit, or for such prices and terms as Lessor
     deems  best,  with  or  without  having  the  property present at sale. The
     proceeds  of  such  sale shall be applied first to the necessary and proper
     expense of removing, storing and selling such property, then to the payment
     of  any  rent  due  or to become due under this lease, with the balance, if
     any,  to  be  paid  to  Lessee.

10.02  DEFAULT  BY  LESSOR:  If  Lessor defaults in the performance of any term,
covenant,  or  condition required to be performed by him under this lease, after
written  notice to Lessor by Lessee, unless Lessor shall have cured or commenced
to  cure  such  default  prior  to  expiration  of  a period of thirty (30) days
following  such  notice, Lessee may remedy such default by any necessary action,
and  in  connection  with  such  remedy  may  pay  expenses; all reasonable sums
expended or obligations incurred by Lessee in connection therewith shall be paid
by Lessor to Lessee on demand, and on failure of such reimbursement, Lessee may,
in  addition to any other right or remedy that Lessee may have, deduct the costs
and  expenses  thereof  from  rent  subsequently  becoming  due  hereunder.

                        ARTICLE XI. INSPECTION BY LESSOR
                        --------------------------------

Lessee  shall  permit  Lessor  and  his agents to enter into and upon the leased
premises  at  all reasonable times for the purpose of inspecting the same or for
the  purpose  of  maintaining  or making repairs or alterations to the building.

                      ARTICLE XII. ASSIGNMENT AND SUBLEASE
                      ------------------------------------

12.01  ASSIGNMENT  AND SUBLETTING BY LESSEE: Lessee has the right to sublease to
Bizcomm  Technologies  and/or  additional  parties during the term of this lease
without  the  prior  written  consent  or  approval  of  Lessor.

12.02 ASSIGNMENT BY LESSOR: Lessor is expressly given the right to assign any or
all  of  its  interest  under  the  terms  of  this  lease.

                        ARTICLE XIII. HAZARDOUS MATERIALS
                        ---------------------------------

Lessee  will  not  store,  use,  or  dispose  of  any hazardous materials on the
premises.  Hazardous  materials  include,  but  are  not limited to, flammables,
petroleum,  petroleum products, explosives, asbestos, polychlorinated biphenyl's
(PCBs),  chemicals  known  to cause cancer or reproductive toxicity, pollutants,
contaminants,  hazardous  wastes, radioactive or toxic matter, and any substance
declared  hazardous  or  toxic  by  any  law  or  regulation by any governmental
authority.  Lessee  will  comply,  at  its  sole cost, with all laws, rules, and
regulations  relating  to  storage,  use  and  disposal  of hazardous materials.
Lessee  will  be  solely  responsible  for  all  claims, costs, and liabilities,
including  attorney  fees  and  costs,  arising  out  of  or in connection with:

1)   storage,  use,  or  disposal  of  any  hazardous  materials;

2)   the removal, cleanup, and restoration work and materials required to return
     the  premises  and  any  other  property  to  the condition existing before
     Lessee's  toxic  materials  were  presents;

3)   Failure by Lessee to provide all required information, to make all required
     submissions,  and  to  take  all  actions  required  by  all  governmental
     authorities under environmental or other laws and regulations; and further,
     will  defend  indemnify and hold harmless Lessor, its agents and employees,
     from and against any and all claims arising therefrom. Lessee's obligations
     under  this  clause will not end with the expiration or termination of this
     lease.

                           ARTICLE XIV. MISCELLANEOUS
                           --------------------------

14.01  NOTICES  AND  ADDRESSES:  All  notices  provided  to  be given under this
agreement  shall  be  given  by  certified  mail,  return  receipt requested, or
registered mail addresses to the proper party, at the following address, or such
other addresses as may be provided to either party from time to time with proper
written  notice:

     Lessor:   DIVERSIFIED  REAL  ESTATE  GROUP,  INC.
               PO  BOX  767,  NAPLES,  FL.  34106

     Lessee:   SEREFEX  CORPORATION
               3427  EXCHANGE  AVENUE,  UNIT  B,  NAPLES,  FL.  34104

14.02  PARTIES  BOND:  This  agreement  shall  be  binding upon and inure to the
benefit  of  the  parties  hereto  and  their  respective  heirs,  executors,
administrators,  legal representatives, successors and assigns when permitted by
this  agreement.

14.03 APPLICABLE LAW: This agreement shall be construed under, and in accordance
with,  the  laws  of  the  State  of  Florida.

14.04 LEGAL CONSTRUCTION: In case any one or more of the provisions contained in
this lease shall for any reason be held to be invalid, illegal, or unenforceable
in  any  respect,  such  invalidity,  illegality, or unenforceability, shall not
effect  any other provision thereof and this lease shall be construed as if such
invalid,  illegal,  or  unenforceable provision had never been contained herein.

14.05  SOLE  AGREEMENT  OF THE PARTIES: This lease constitutes the sole and only
agreement  of  the  parties  hereto  and  supersedes any prior understandings or
written  or  oral  agreements  between the parties respecting the subject matter
within  it.

14.06  AMENDMENT:  No amendment, modification, or alteration of the terms hereof
shall  be  binding  unless  the same be in writing, dated subsequent to the date
hereof,  and  duly  executed  by  the  parties  hereto.

14.07  RIGHTS  AND  REMEDIES: THE rights and remedies provided by this lease are
cumulative  and  the  use  of  any one right or remedy by either party shall not
preclude  or  waive its right to use any or all other remedies.  Said rights and
remedies  are given in addition to any other rights the parties may have by law,
statue, ordinance or otherwise.  Neither the exercise of nor failure to exercise
any  right, option, or privilege under this lease by Lessor shall exclude Lessor
from  exercising  any  and  all  other rights, options, or privileges under this
lease,  nor  shall  such  exercise  or  nonexercise relieve Lessee from Lessee's
obligation  to  perform each and every covenant and condition to be performed by
Lessee  under this lease, or from damages or other remedy for failure to perform
or  meet  the  obligations  of  this  lease.

14.08  WAIVER:  The  waiver  by  Lessor  of any breach of any term, covenant, or
condition  contained  in  this  lease shall not be deemed to be a waiver of such
term,  covenant,  or  condition,  or  of  any  subsequent  breach  of such term,
covenant,  or  condition,  or  of any other term, covenant, or condition of this
lease.  The acceptance of rent under this lease by Lessor shall not be deemed to
be  a  waiver  of  any  preceding  breach  by  Lessee  of any term, covenant, or
condition  of  this  lease  other than the Lessee's breach in failing to pay the
particular  rent so accepted regardless of Lessor's knowledge of such additional
preceding  breach  at  the  time  of  the  acceptance  of  such  rent.

14.09  ATTORNEY'S FEES: If either Lessor or Lessee shall obtain legal counsel or
bring  an  action  against  the  other by reason of the breach of any covenants,
warranty,  or condition of this lease or otherwise arising out of the lease, the
unsuccessful party shall pay to the prevailing party reasonable attorney's fees,
which shall be payable whether or not such action is prosecuted to judgment. The
term  "prevailing party" shall include, without limitations, a party who obtains
legal  counsel  or  brings  an action against the other by reason of the other's
breach  or  default,  and  obtains  substantially  the  relief sought whether by
compromise,  settlement,  or  judgment.

14.10 ESTOPPEL CERTIFICATE: Lessee shall at any time and from time to time, upon
not  less  than  seven  (7)  days  prior  written  request  by  Lessor, execute,
acknowledge,  and  deliver  to such party a statement in writing certifying that
this  lease is unmodified and in full force and effect, or if there has been any
modification  of this lease, that it is in full force and effect as modified and
stating  the  modification  or  modifications,  and  that  there are no defaults
existing, or if there is any claimed default, stating its nature and extent, and
stating  the date to which rent and other charges have been paid in advance.  It
is expressly understood and agreed that any such statement delivered pursuant to
this  section  may  be relied upon by any prospective purchaser of the estate of
Lessor,  or  any lender of prospective assignee of any lender on the security of
the premises of the property of which it is a part or any part of it, and by any
third  person.

14.11 RADON GAS: Radon is a naturally occurring radioactive gas that when it has
accumulated  in a building in sufficient quantities, may present health risks to
persons  who  are  exposed to it over time.  Levels of radon that exceed Federal
and  State  guidelines  have  been  found  in  buildings in Florida.  Additional
information  regarding  radon  and radon testing may be obtained from the county
public  health  unit.  This  notice  is  given  pursuant  to  404.058(8) Florida
Statutes.

14.12  HOLDING  OVER:  Any holding over after the expiration of the term of this
lease without prior written consent of Lessor shall be construed to be a tenancy
at  sufferance  from month to month at a rent equal to twice the rent payable if
this  lease  were  still  in  force  and  effect.

14.13 TRANSFER BY LESSOR: Release from Liability: In the event Lessor shall sell
or  transfer  the  building  or any part of it and as a part of such transaction
shall  assign  its  interest  as  Lessor  in  and  to  this lease, then from the
effective  date  of  such  sale,  assignment,  or transfer, Lessor shall have no
further  liability  under  this  lease  to  Lessee  except  as to any matters of
liability  that  have accrued and are unsatisfied as of such date of assignment,
it  being intended that the covenants and obligations contained in this lease on
the  part  of Lessor shall be binding upon Lessor and its successors and assigns
only  during  their  respective  periods  of  ownership  of the fee or leasehold
estate,  as  the  case  may  be.

14.14  NOTICE OF SURRENDER OR TERMINATION: At least 120 days before the last day
of  the  term,  Lessee shall be given to Lessor a written notice of intention to
surrender the premises on the date, but nothing contained in this lease shall be
construed  as  an  extension  on the term or as consent of Lessor to any holding
over  by  Lessee.

14.15  TIME IS OF THE ESSENCE: Time is of the essence in this lease and each and
all  of  its  provisions.

14.16  NAME  OF  BUILDING:  Lessee  shall  not use the name of the building, THE
                                                                             ---
EXCHANGE  AVENUE  BUILDING,  for  any  purpose  other than as the address of the
--------------------------
business  conducted  by  Lessee  in  the premises without the written consent of
Lessor.

14.17 NEGATION OF PARTNERSHIP: Lessor shall not become or be deemed a partner or
a  joint  ventured  with  Lessee  by  reason  of  the  provisions of this lease.

14.18 PROVISIONS ARE COVENANTS AND CONDITIONS: All provisions, whether stated as
covenants  or  conditions,  on  the  part  of  Lessee shall be deemed to be both
covenants  and  conditions.

14.19  EXECUTION: Submissions of this instrument for examination or signature by
Lessee  does  not constitute a reservation of or option for lease, and it is not
effective  as  a  lease or otherwise until execution and delivery by both Lessor
and  Lessee.

14.20  SURRENDER  OF  LEASE:  The  voluntary or other surrender of this lease by
Lessee,  accepted by Lessor, or the mutual cancellation of this lease, shall not
work  a merger and shall, at the option of Lessor, terminate all or any existing
sublease  or subtenancies or operate as an assignment to Lessor of any or all of
such  subleases  or  subtenancies.

14.21 INSOLVENCY: The occurrence of any of the following events shall constitute
a  breach  of  this  lease  by Lessee and a default under this agreement: 1) the
appointment  of a receiver to take possession of all or substantially all of the
assets  of  Lessee,  or  2)  a  general  assignment by Lessee for the benefit of
creditors', or 3) any action taken or suffered by Lessee under any insolvency or
bankruptcy  act.

14.22  CERTIFICATION:  Lessee  certifies  that  Lessee  has  carefully  read and
understood  every  word  in  this  lease  and  by  signing  this lease agrees to
faithfully  comply  with  its  provisions.

14.23  Lessor  shall  be permitted access to the premises at reasonable times to
show  it to prospective buyers of the property owned by Lessor and to show it to
prospective  tenants  if  Lessee  is  not to remain after expiration of the term
hereof.  During  the  last  three (3) months of the term hereof Lessor may place
"For  Rent" signs on the premises if Lessee is not to remain after expiration of
the  term  hereof.

14.24 Lessee convents to indemnify and save harmless the Lessor from and against
and  to  assume  the  risk of any and all claims, suits, actions, damages and/or
causes  of  action arising during the term of this lease as a result of any work
or  alterations  performed  by  Lessee  or for any personal injury, loss of life
and/or  damage  to property sustained in or about the leased premises, by reason
of  or  as a result of the Lessee 's occupancy thereof, and from and against all
costs,  counsel  fees, expenses and liabilities, Lessee shall be given notice in
writing  that the same are about to be incurred and shall have the option itself
to make necessary investigation and employ counsel of Lessee's own selection but
satisfactory  to  the  Lessor,  for  the  necessary  defense  of  any  claims.

14.25  RENEWAL OPTION: Provided Lessee has not been in default at any time under
the  Lease,  and provided that all other conditions and terms of this Lease have
been  properly and fully complied with by the Lessee, then Lessee shall have One
(1)  successive  option to renew this Lease for an additional term of Sixty (60)
months.  In the event Lessee elects to extend the lease for the option period of
Sixty  (60)  months,  the  base  rent,  common area charges, and real estate tax
payment  shall  be  the  same  as  the terms of this original lease. Any renewal
option  period  shall be automatically in full force and effect for each renewal
period unless Lessee shall provide Lessor with a written notice at least six (6)
months  prior  to the expiration date of the lease or renewal option period that
it  does  not  intent  to  exercise its right to renew this lease. It is further
understood  and  agreed  that  if  such written notice not to renew, as provided
herein,  is  not  given by Tenant and received by Lessor at least six (6) months
prior  to  the  expiration of the term of this lease or the renewal period, said
lease  shall  automatically  be  renewed  for an additional period of Sixty (60)
months.

14.26 FIRST RIGHT OF REFUSAL: Lessor grants a first right of refusal on the sale
of  the property. Serefex Corporation shall have 3 business days to respond upon
notice.

14.26  IMPROVEMENTS:  Lessor  to  build  out tenant improvements consisting of 2
offices  and  a  conference room as shown in Exhibit A. Lessor shall remove wood
paneling  from  interior walls as specified by Lessee. Lessee shall finish upper
half of walls with magnetic paint. Lessor to provide for finished wall painting.
Lessor  to  provide  approximately  1,300  sq.ft.  of  tile  floor.

IN WITNESS WHEREOF, the undersigned Lessor and Lessee hereto execute this
agreement as of the day and year first above written.

Signed and Acknowledged in the presence of:
                                            LESSOR:

____________________________
By:                                         DIVERSIFIED REAL ESTATE GROUP, INC.
    ________________________

____________________________                /S/  Carl M. Fernstrom
                                            ----------------------
By: ________________________                By:  Carl M. Fernstrom
                                            Its: President

                                            LESSEE:

____________________________
By:                                         SEREFEX CORPORATION
    ________________________

____________________________                /S/  Brian Dunn
                                            ---------------
By: ________________________                By:  Brian Dunn
                                            Its: President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]