Document:

CONSULTING AGREEMENT
                              --------------------

         This Consulting Agreement (hereinafter "Agreement")dated as of
November 1, 1999, between PARLUX FRAGRANCES, INC., a corporation organized and
existing under the laws of the State of Delaware (hereinafter "Corporation")and
CAMBRIDGE DEVELOPMENT CORPORATION, 14 Vanderventer Avenue, Port Washington, New
York 11050 (hereinafter "Consultant"), and Albert F. Vercillo (hereinafter
"Vercillo"), the President of Consultant residing at 74 Summit Road, Port
Washington, New York 11050. Collectively hereinafter referred to as "Parties".

         WHEREAS, Corporation, Consultant and Vercillo are parties to a
Consulting Agreement dated April 1, 1997 and Consulting Agreement Amendment
dated December 1, 1998 which are hereby terminated without liability to either
party.

    WHEREAS, the parties wish to enter into a new Consulting Agreement under
revised terms and conditions set forth herein;

    NOW, THEREFORE, in consideration of the mutual understanding set forth
herein, the Parties agree as follows:

1. Consultant's Duties: The Corporation hereby engages the Consultant as its
business and financial consultant. Subject at all times to the control and
direction of the Corporations's Chief Executive Officer, Chief Operating Officer
and Chief Financial Officer (hereinafter Management), the Consultant shall have
the duties as the general advisor and consultant to Management on all matters
pertaining to the business and to render all other services relevant thereto.
The Consultant, by Vercillo, shall perform all other duties that may be
reasonably assigned to it by Management provided said duties be consistent with
the prestige and responsibility of Vercillo's position. The Consultant shall,
through its agents, servants and employees, devote its best efforts at all times
necessary to perform its duties and to advance the Corporation's best interests,
subject to reasonable vacations. The Consultant and the Corporation acknowledge
that the Consultant and its agents, servants and employees have other business
interests and shall not be required to devote its exclusive time and attention
to the performance of its duties hereunder.

2. Term: Unless sooner terminated as provided in Section 7 below, this Agreement
shall be for a term of three (3)years

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                              CONSULTING AGREEMENT
                                     Page 2

and seven (7)months commencing as of November 1, 1999 and ending on May 31,
2003; provided however, that the term of this Agreement shall be automatically
extended on the same terms and conditions for a one year period and from year to
year thereafter unless either the Corporation or the Consultant shall give
written notice of the termination of this Agreement to the other at least six
(6)months prior to the expiration of said term or extended term.

3. Compensation: For all services rendered by the Consultant under this
Agreement, the Corporation shall pay to Consultant as compensation the sum of
$84,000 per annum, payable in equal bi-weekly installments of $3,230.76 for the
period from November 1, 1999 to May 31, 2000; thereafter, effective June 1, 2000
Consultant's compensation shall be increased to $96,200 per annum payable in
equal bi-weekly installments of $3,700.00.

4. Health and Life Insurance: The Corporation shall, at no cost to the
Consultant or Vercillo, provide Vercillo with full health insurance, basic,
major medical and dental as well as group life insurance. Said coverage shall be
identical to that afforded the Corporation's Management.

5. Expenses: Consultant will be reimbursed by the Corporation for all reasonable
business expenses incurred by the Consultant in the performance of its duties.
Said reimbursement shall be made no less frequently than monthly upon submission
by the Consultant of a written request for same.

6. Stock Options (Warrants): Vercillo shall be granted non qualified stock
options (warrants)to purchase 30,000 shares of Corporation's common stock at an
exercise price of $2.25 per share being the closing price of the shares of
common stock on November 1, 1999. The options (warrants)shall be exercisable at
the rate of 10,000 on May 31, 2001, 10,000 on May 31, 2002 and 10,000 on May 31,
2003. Each option (warrant)shall be exercised within a period of ten (10)years
after the date of the grant unless earlier terminated in accordance with its
terms or those of this Agreement. The rights of Vercillo with respect to any
stock option (warrant)granted to Vercillo shall be determined exclusively by
the plans and agreements relating to the options (warrants)and this Agreement
shall not affect, in any way, the rights and obligations of the plans and
agreements.

7. Early Termination: The Corporation may terminate the

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                              CONSULTING AGREEMENT
                                     Page 3

Consultant's relationship under this Agreement prior to the expiration of the
term set forth in Section 2 above only under the following circumstances:

       i.    Death.  Upon the death of Vercillo.

       ii.   Disability. If, as a result of Vercillo's
             incapacity due to physical or mental illness,
             Vercillo having been unable to perform his
             duties under this Agreement for a period of six
             consecutive calendar months, then thirty (30)
             days after written notice of termination is
             given to Consultant (which may only be given
             after the end of the six consecutive calendar
             month period)provided that Vercillo has not
             returned to his duties under this Agreement.

      iii.   Cause.  For Cause.  The Corporation shall have
             "Cause" to terminate this Agreement upon
             (a) the willful and continued failure by
             Consultant to substantially perform its duties
             under this Agreement (other than any failure
             resulting from Vercillo's incapacity due to
             physical or mental illness) for thirty (30)
             days after written demand for substantial
             performance is delivered by the Corporation
             specifically identifying the manner in which
             the Corporation believes Consultant has not
             substantially performed its duties, or
             (b) the willful engaging by Consultant or
             Vercillo in misconduct (including embezzlement
             and criminal fraud) which is materially
             injurious to the Corporation, or
             (c) the conviction of Vercillo of a felony.
             For purposes of this paragraph, no act, or
             failure to act, by the Consultant shall be
             considered "willful" unless done or omitted to
             be done, by Consultant not in good faith and
             without reasonable belief that its action or
             omission was in the interest of the
             Corporation.  Consultant shall not be deemed to
             have been terminated for Cause unless and until
             there shall have been delivered to Consultant a
             copy of a resolution, duly adopted by the
             affirmative vote of a majority of the entire
             membership of the Board of Directors (Board) at
             a meeting of the Board called and held for such
             purpose (after a reasonable notice to the
             Consultant and an opportunity for Consultant,
             together with its counsel, to be heard before

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                              CONSULTING AGREEMENT
                                     Page 4

             the Board), finding that in the good faith
             opinion of the Board, Consultant was guilty of
             conduct set forth above and specifying the
             particulars of the conduct in detail.

      iv.    Termination by Consultant or Vercillo.
             Consultant or Vercillo may terminate this
             Agreement (a) for Good Reason (as defined
             below) or (b) Vercillo's health should become
             impaired to any extent that makes the
             performance of his duties under this Agreement
             hazardous to his physical or mental health or
             his life, provided that Vercillo shall have
             furnished the Corporation with a written
             statement from a qualified doctor to that
             effect and provided further that at the
             Corporation's request and expense Vercillo
             shall submit to an examination by a doctor
             selected by the Corporation, and the doctor
             shall have concurred in the conclusion of
             Vercillo's doctor.  Consultant shall give the
             Corporation thirty (30) days prior written
             notice of its intent to terminate this
             agreement.

             "Good Reason" means the Corporation has
             had a Change in Control. For purposes of
             this Agreement, a Change in Control means
             the occurrence of an event or series of
             events (whether or not approved by the
             Board) by which any person or other
             entity or group of persons or other
             entities acting in concert as determined
             in accordance with Section 12(d) of the
             Securities Exchange Act of 1934, as
             amended (the "Exchange Act"), whether or
             not applicable, together with its or
             their affiliates or associates shall, as
             a result of a tender offer or exchange
             offer, open market purchases, privately
             negotiated purchases, merger or otherwise
             (including pursuant to receipt of
             revocable proxies) (a) be or become
             directly or indirectly the beneficial
             owner (within the meaning of Rule 13d-3
             and Rule 13d-5 under the Exchange Act,
             whether or not applicable, except that a
             person shall be deemed to have beneficial
             ownership of all securities that such
             person has the right to acquire whether
             such right is exercisable immediately or
             only after the passage of time) of more
             than thirty (30) percent of the

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                              CONSULTING AGREEMENT
                                     Page 5

             combined voting power of the then
             outstanding common stock of the
             Corporation or (b) otherwise have the
             ability to elect, directly or indirectly,
             a majority of the Board.

      v.    Notice of Termination.  Any termination of this
            Agreement shall be communicated by written
            Notice of Termination to the other party of this
            Agreement. "Notice of Termination" means a
            notice which indicates the specific termination
            provision in this Agreement relied upon and
            shall set forth in reasonable detail the facts
            and circumstances claimed to provide a basis for
            the termination of the Consultant's retention
            under the provision so indicated.

      vi.   Date of Termination.  Date of termination means
            (a) if the Agreement is terminated by Vercillo's
            death, the date of his death,
            (b) if the Consultant's retention is terminated
            pursuant to subsection 7(iii) (a) above, thirty
            (30) days after Notice of Termination is given
            provided that Vercillo shall not have returned
            to the performance of his duties during the
            thirty (30) day period,
            (c) if the Consultant's retention is terminated
            pursuant to subsection 7(iii) (c) above, the date
            specified in the Notice of Termination after the
            expiration of any cure periods, and
            (d) if the Consultant's retention is terminated
            for any other reason, the date on which Notice
            of Termination is given.

8.  Compensation Upon Termination or During Disability:
    ---------------------------------------------------

      i.    Upon Vercillo's death, the Corporation shall pay
            to the person designated by Consultant in a
            notice filed with the Corporation or, if no
            person is designated, to Vercillo's estate as a
            lump sum death benefit, Consultant's full
            compensation for a period of three months after
            the date of Vercillo's death.  Upon full payment
            of amounts required to be paid under this
            subsection, the Corporation shall have no
            further obligation under this Agreement.

      ii.   During any period that Vercillo fails to perform
            his duties under this Agreement as a result of
            incapacity due to physical or mental illness,

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                              CONSULTING AGREEMENT
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            Consultant shall continue to receive its full
            compensation until the Consultant's relationship
            is terminated pursuant to Section 7(ii) of this
            Agreement, or until Consultant shall receive a
            lump sum of six months' compensation.

      iii.  If the Consultant's retention is terminated for
            Cause as defined in subsection 7(iii), the
            Corporation shall pay the Consultant its
            compensation through the date of termination at
            the rate in effect at the time Notice of
            Termination is delivered and the Corporation
            shall have no further obligation to Consultant
            under this Agreement.

      iv.   If (a) in breach of this Agreement, the
            Corporation shall terminate the Consulting
            relationship other than pursuant to Sections
            7(iii) (b) or 7(iii) (c) (it being understood that
            a purported termination pursuant to Sections
            7(iii) (b) or 7(iii) (c) which is disputed and
            finally determined not to have been proper shall
            be a termination by the Corporation in breach of
            this Agreement), or (b) the Consultant shall
            terminate the relationship for Good Reason, then

           (1) The Corporation shall pay the Consultant its full compensation
                through the date of termination at the rate then in effect at
                the time Notice of Termination is given
                through the end of the Term;

          (2) In the event of a Change in Control as defined in Section 7(iv),
               the Corporation shall pay Consultant, in a lump sum, an amount
               equal to the greater of (a) twice the amount then due through the
               end of the Term; or (b) two times the annual compensation paid to
               Consultant.

          (3) In the event of a Change in Control of the Corporation as defined
               in Section 7(iv) above, the total number of outstanding
               unexercised options (warrants) granted to Consultant under this
               Agreement as well as any previous employment, consultant or other
               agreements, shall be doubled in quantity while retaining the
               original exercise price.

          (4) The Corporation shall pay all reasonable

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                              CONSULTING AGREEMENT
                                     Page 7

               legal fees and expenses incurred by Consultant in contesting or
               disputing any such termination or in seeking to obtain or enforce
               any right or benefit in this Agreement.

      v.    Unless the Consultant is terminated for Cause,
            the Corporation shall maintain in full force and
            effect, for the continued benefit of Consultant
            for the greater of the remaining term of this
            Agreement or eighteen (18) months after
            termination of this Agreement, all health and
            hospitalization plans and programs in which
            Consultant was entitled to participate in
            immediately prior to the Date of Termination as
            defined in Section 4 of this Agreement, provided
            that Consultant's continued participation is
            possible under the general terms and provisions
            of the plans and programs.  If Consultant's
            participation in any plan or program is barred,
            the Corporation shall arrange to provide the
            Consultant with benefits substantially similar
            to those which Consultant would otherwise have
            been entitled to receive under the plan and
            program from which his continued participation
            is barred.

9. Savings Clause: The determination that any provision of this Agreement is
unenforceable shall not terminate this Agreement or otherwise affect the other
provisions of this Agreement, it being the intention of the parties hereto that
this Agreement shall be construed to permit the equitable reformation of such
provision to permit the enforcement thereof, if possible, and otherwise to
permit the enforcement of the remaining provisions of this Agreement as if such
unenforceable provision were not included herein.

10. Equitable Relief: The parties hereto agree and declare that legal remedies
may be inadequate to enforce the provisions of this Agreement and that equitable
relief, including specific performance and injunctive relief, may be used to
enforce the provisions of this Agreement.

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                              CONSULTING AGREEMENT
                                     Page 8

11. Notices: Any notice required or permitted to be given under this Agreement
shall be in writing and shall be deemed to have been given and received on the
date when personally delivered or deposited in the United States Mail,
registered postage prepaid, addressed:

       a.  if to the Corporation to:
           Mr. Ilia Lekach
           Parlux Fragrances, Inc.
           3725 S.W. 30th Avenue
           Fort Lauderdale, FL 33312

       b.  if to the Consultant or Vercillo to:
           Mr. Albert Vercillo
           74 Summit Road
           Port Washington, NY 11050

or to such other address as the Corporation or the Consultant may designate in
writing.

12. Amendments: This Agreement may be amended or modified only by a writing.

13. Governing Law: This Agreement shall be governed and construed under the laws
of the State of Florida.

14. Entire Agreement: This Agreement constitutes the entire Agreement between
the Consultant, Vercillo and the Corporation, with respect to its subject
matter, and all prior and other agreements between them, oral or written
concerning the same subject matter are merged into this Agreement and thus
extinguished.

15. Survival of Covenants: Any of the provisions in this Agreement which would
by their terms continue after the termination of this Agreement shall be deemed
to survive such termination.

16. Assignability and Binding Effect: This Agreement shall be binding upon and
inure to the benefit of the Corporation and its successors and assigns. This
Agreement may not be assigned by either party without the written consent of the
other party hereto.

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                              CONSULTING AGREEMENT
                                     Page 9

    IN WITNESS WHEREOF, the parties have hereunto set their hands and seals as
of the date first written above.

                       PARLUX FRAGRANCES, INC.

                       By: /s/ Ilia Lekach
                          ------------------------
                            Ilia Lekach, Chief
                            Executive Officer

                       Consultant:
                       CAMBRIDGE DEVELOPMENT CORPORATION

                       By: /s/ Albert F. Vercillo
                          --------------------------
                            Albert F. Vercillo, President
                            and Albert F. Vercillo
                            IndividuallyExhibit 4.11

THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE HEREUNDER HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY
APPLICABLE STATE SECURITIES LAW, AND MAY NOT BE OFFERED, SOLD OR TRANSFERRED
UNTIL (i) A REGISTRATION STATEMENT UNDER THE ACT AND ANY APPLICABLE STATE
SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR (ii) IN THE
OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY REGISTRATION UNDER THE ACT AND
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH
PROPOSED TRANSFER.

                       STOCK PURCHASE WARRANT CERTIFICATE
                       ----------------------------------

     Integrated Spatial Information Solutions, Inc, a Colorado corporation (the
"Company") issues this WARRANT as of the 1st day of February, 2000 (the "Date of
Issuance"), to

     _______________________________ (the "Holder").

     1. Issuance of Warrant, Term.

          (a)  For and in consideration of services rendered and to be rendered
               by the Holder to the Company, and for other good and valuable
               consideration, the receipt and sufficiency of which are hereby
               acknowledged, the Company hereby grants to the Holder the right
               to purchase at the Exercise Price (as hereinafter defined)

               ___________ shares of Common Stock of the Company (the "Common
               Stock")

               as set forth herein, all subject to adjustment and upon the terms
               and conditions contained herein, together with the other
               appurtenant rights, powers and privileges hereinafter described.

          (b)  This Warrant shall be exercisable at any time and from time to
               time in whole or in part until the third (3rd) anniversary of the
               Date of Issuance.

     2. Exercise Price. The exercise price per share for which all or any of the
shares of Common Stock of the Company (collectively, the "Warrant Shares") may
be purchased pursuant to the terms of this Warrant shall be $0.50 (the "Exercise
Price").

     3. Exercise.

          (a) This Warrant may be exercised by the Holder hereof on a cashless
     (net) basis or on a cash basis (but only on the conditions hereinafter set
     forth) as to all or any increment or increments of the Warrant Shares upon
     delivery of written notice of intent to exercise to the Company at the
     Company's address set forth below its signature below or the address most
     recently reported in filing with the Securities and Exchange Commission by
     the Company, together with this Warrant and cash or check payable to the
     Company for the aggregate Exercise Price of the Warrant Shares so purchased
     (the "Purchase Price"), except as provided in the following sentence. The
     Holder may, at its option, elect to pay some or all of the Purchase Price
     payable upon an exercise of this Warrant by canceling a portion of this

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<PAGE>

     Warrant exercisable for such number of the Warrant Shares as is determined
     by dividing (i) the total Purchase Price payable in respect of the number
     of Warrant Shares being purchased upon such exercise by (ii) the excess of
     the Fair Market Value (as defined below) per share of Common Stock as of
     the date of exercise over the Purchase Price per share. Upon exercise of
     this Warrant, the Company shall as promptly as practicable, and in any
     event within fifteen (15) days thereafter, execute and deliver to the
     Holder of this Warrant a certificate or certificates for the total number
     of Warrant Shares for which this Warrant is being exercised in such names
     and denominations as are requested by such Holder. If this Warrant shall be
     exercised with respect to less than all of the Warrant Shares, the Holder
     shall be entitled to receive a new Warrant covering the number of Warrant
     Shares in respect of which this Warrant shall not have been exercised,
     which number shall be equal to the number of the outstanding shares of the
     Company's Common Stock, as of the close of business on the date of final
     exercise of the Warrant, which would cause the Holder to own the Warrant
     Percentage of the shares of Common Stock of the Company calculated on a
     fully diluted basis, minus the number of shares of the Company's Common
     Stock issued upon earlier exercise(s) of the Warrant. The Company covenants
     and agrees that it will pay when due any and all state and federal issue
     taxes which may be payable in respect of the issuance of this Warrant or
     the issuance of any Warrant Shares upon exercise of this Warrant.

          (b) For purposes of this Warrant, "Common Stock" means the Common
     Stock of the Company, and all other securities of any class of classes
     (however designated) of the Company the holders of which have the right,
     without limitation as to amount, after payment on any securities entitled
     to a preference on dividends or other distributions upon any dissolution or
     winding up, either to all or to a share of the balance of payments upon
     such dissolution, liquidation or winding up.

          (c) For purposes of this Warrant, "Fair Market Value" shall mean, with
     respect to each share of Common Stock as of a particular date:

               (A) If the Common Stock is traded on a securities exchange or
               market or over-the-counter, then the fair market value per share
               of the Common Stock shall be the average of the closing price of
               the Common Stock on such exchange or market for the twenty (20)
               business days ending five (5) business days prior to the date for
               which the Fair Market Value is being determined; or

               (B) If the Common Stock is not traded on a securities exchange or
               market or over-the-counter, then as determined by the Company's
               Board of Directors in good faith, in which event neither the
               Board of Directors of the Company nor any appraiser shall take
               into account or otherwise make any discount in respect of (i) any
               restrictions on the transfer of shares of Common Stock of the
               Company or this Warrant, (ii) any minority interest, (iii) any
               lack of liquidity of shares of Common Stock of the Company or
               this Warrant due to the fact that there may be no public or
               private market for such shares or this Warrant, or (iv) the
               voting status of this Warrant or any share of Common Stock of the
               Company, whether under the Articles of Incorporation or Bylaws of
               the Company, by agreement or otherwise. In determining the Fair
               Market Value of the Common Stock as of a particular date, the
               Company's Board of Directors (or the appraisers, as the case may
               be) shall appraise the value of the Company as of such date and
               the Fair Market Value of each share shall be the Fair Market
               Value of the Company divided by the number of shares of Common
               Stock of the Company on a fully diluted basis as of such date,

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<PAGE>

               taking into account only in the money options, warrants and
               convertible securities and adding to Fair Market Value the
               exercise price and conversion price of such in the money options,
               warrants and convertible securities.

     4. Covenants and Conditions. The above provisions are subject to the
following:

     (a) Neither this Warrant nor the Warrant Shares have been registered under
the Securities Act or any state securities laws ("Blue Sky Laws"). This Warrant
has been acquired for investment purposes and not with a view to distribution or
resale and may not be pledged, hypothecated, sold, made subject to a security
interest, or otherwise transferred without (i) an effective registration
statement for such Warrant under the Securities Act and such applicable Blue Sky
Laws, or (ii) an opinion of counsel reasonably satisfactory to the Company that
registration is not required under the Securities Act or under any applicable
Blue Sky Laws. Transfer of the Warrant Shares issued upon the exercise of this
Warrant shall be restricted in the same manner and to the same extent as the
Warrant and the certificates representing such Warrant Shares shall bear
substantially the following legend:

     THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
     UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY
     APPLICABLE STATE SECURITIES LAW AND MAY NOT BE OFFERED, SOLD OR
     TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT UNDER THE ACT AND ANY
     APPLICABLE STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH
     REGARD THERETO, OR (ii) IN THE OPINION OF COUNSEL ACCEPTABLE TO THE
     COMPANY, REGISTRATION UNDER THE ACT AND APPLICABLE STATE SECURITIES
     LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER.

     THE SHARES SUBJECT TO THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON
     TRANSFER PURSUANT TO THE TERMS OF THAT STOCK PURCHASE WARRANT DATED AS
     OF FEBRUARY 1, 2000, AND ISSUED BY THE COMPANY. COPIES OF THE STOCK
     PURCHASE WARRANT MAY BE OBTAINED FROM THE COMPANY'S SECRETARY.

     (b) The Company covenants and agrees that all Warrant Shares that may be
issued upon exercise of this Warrant will, upon issuance and payment therefor,
be legally and validly issued and outstanding, fully paid and nonassessable. The
Company shall at all times reserve and keep available for issuance upon the
exercise of this Warrant such number of authorized but unissued shares of Common
Stock as will be sufficient to permit the exercise in full of this Warrant.

     (c) The Holder hereof and the Company agree to execute such other documents
and instruments as counsel for the Company reasonably deems necessary to effect
the compliance of the issuance of this Warrant and any Warrant Shares issued
upon exercise of this Warrant with applicable federal and state securities laws.
In furtherance of the foregoing, the Holder represents and warrants:

          (i) The Holder has substantial experience in evaluating and investing
     in private placement transactions of securities in companies similar to the
     Company so that the Holder is capable of evaluating the merits and risks of
     its investment in the Company and has the capacity to protect its own
     interests;

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<PAGE>

          (ii) The Holder is acquiring this Warrant, and will acquire the
     Warrant Shares, for investment for its own account and not with a view to,
     or for resale in connection with, any distribution thereof. The Holder
     understands that this Warrant has not been, and the Warrant Shares will not
     be, registered under the Securities Act or any Blue Sky Laws by reason of
     exemptions from the registration provisions of the Securities Act and such
     Blue Sky Laws that depend upon, among other things, the bona fide nature of
     the investment intent and the accuracy of the Holder's representations;

          (iii) The Holder is familiar with the provisions of Rule 144 under the
     Act which permits the limited resale of restricted securities, subject to
     the satisfaction of certain conditions;

          (iv) The Holder has had an opportunity to discuss the Company's
     business, management and financial affairs with the Company's management
     and the opportunity to review the Company's facilities, financial
     statements and any other documents requested by the Holder. The Holder has
     also had an opportunity to ask questions of officers of the Company, which
     were answered to its satisfaction; and

     5. Transfer of Warrant. Subject to the provisions of Paragraph 4, this
Warrant or the Warrant Shares may be transferred, in whole or in part, to any
person or business entity, by presentation of the Warrant or the Warrant Shares
to the Company with written instructions for such transfer; provided, however,
that the Company shall have the right to refuse to transfer any portion of this
Warrant to any person who directly competes with the Company or is affiliated
with any such competitor. Upon such presentation for transfer, the Company shall
promptly execute and deliver a new Warrant or Warrants in the form hereof in the
name of the assignee or assignees and in the denominations specified in such
instructions. The Company shall pay all expenses in connection with the
preparation, issuance and delivery of Warrants under this Paragraph 5.

     6. Warrant Holder Not Shareholder; Rights Offering. This Warrant does not
confer upon the Holder hereof, as such, any right whatsoever as a shareholder of
the Company. Notwithstanding the foregoing, in the event the Company should
offer to all the Company's shareholders the right to purchase any securities of
the Company, then all of the Warrant Shares shall be deemed for such purpose to
be outstanding and owned by the Holder as of the subscription date and the
Holder shall be entitled to participate in such rights offering as if it were a
shareholder.

     7. Adjustment.

     (a) The number of Warrant Shares purchasable hereunder are subject to
adjustment from time to time, as follows:

          (i) If the Company at any time subdivides its Common Stock, the number
     of Warrant Shares issuable pursuant to this Warrant will be proportionately
     increased. If the Company at any time combines its Common Stock, the number
     of Warrant Shares issuable pursuant to this Warrant will be proportionately
     decreased.

          (ii) If the Company at any time pays a dividend payable in, or make
     any other distribution (except any distribution specifically provided for
     in the foregoing subsections (i)) of Common Stock, then the number of

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<PAGE>

     Warrant Shares issuable pursuant to this Warrant will be adjusted, from and
     after the date of determination of stockholders entitled to receive such
     dividend or distribution of stockholders to that number of Warrant Shares
     determined by multiplying the number of Warrant Shares issuable immediately
     prior to such date of determination by a fraction (i) the numerator of
     which will be the total number of shares of Common Stock outstanding
     immediately after such dividend or distribution, calculated on a fully
     diluted basis as provided in Section 1(c) of this Warrant, and (ii) the
     denominator of which will be the total number of shares of Common Stock
     outstanding immediately prior to such dividend or distribution, calculated
     on a fully diluted basis as provided in Section 1(c) of this Warrant.

          (iii) The number of shares reserved for issuance pursuant to this
     Warrant will automatically be adjusted without further action by the
     Company in the event of any adjustment of the number of Warrant Shares
     issuable pursuant to this Warrant.

     (b) In the event of a merger, consolidation, recapitalization, combination
or exchange of Common Stock occurring after the date hereof pursuant to which
the Company is not the surviving entity (an "Acquisition"), the Company
covenants that it will obtain from the acquiring entity, as a condition to the
closing of such transaction or event, the right for the Holder to exchange this
Warrant, at its sole option and in lieu of exercise hereof, for a warrant to
purchase the equivalent number of shares of the equivalent class of shares of
the acquiring entity on a fully diluted basis. The period of exercise of such
new warrant shall be equal to the remaining duration of the exercise period of
this Warrant. If, as a result of such Acquisition, the shareholders of the
Company immediately prior to such Acquisition own at least a majority of the
shares of voting capital stock, assuming full exercise or conversion of all
securities exercisable for or convertible into such voting capital stock,
outstanding after such Acquisition and are entitled upon liquidation to receive
a majority of the assets of the surviving entity, then the method of calculating
the number of Warrant Shares set forth in Paragraph 1 hereof shall remain
unaffected; otherwise, this Warrant shall, after such Acquisition, permit the
Holder to purchase that percentage of Warrant Shares or other consideration of
the acquiring entity which the Holder would be entitled to receive as a result
of such merger, consolidation, recapitalization, combination or exchange of
shares if this Warrant had been exercised in full immediately prior to such
merger, consolidation, recapitalization, combination or exchange of shares (or
the record date, if any, for such transaction or event) for the same aggregate
exercise price as provided for in this Warrant.

     8. Notices. Any and all notices, elections or demands permitted or required
to be made under this Agreement shall be in writing, signed by the party giving
such notice, election or demand and shall be delivered personally, telecopied,
telexed, or sent by certified mail or nationally recognized courier service
(such as UPS or Federal Express), to the other party at the address set forth
below, or at such other address as may be supplied in writing and of which
receipt has been acknowledged in writing. The date of personal delivery,
telecopy or telex or one business day after delivery to such courier service or
two business days after mailing, as the case may be, shall be the date of such
notice, election or demand. For the purposes of this Agreement:

                                       16
<PAGE>

     The address of
     Holder is:                 Name
                                Street
                                City, State, Zip Code

     The address of
     the Company is:            Integrated Spatial Information Solutions, Inc.
                                1597 Cole Boulevard, Suite 300B
                                Golden, CO 80401
                                Attention: Secretary

     11. Amendment and Waiver. Except as otherwise provided herein, the
provisions of this Warrant may be amended and the Company may take any action
herein prohibited. or omit to perform any act herein required to be performed by
it, only if the Company has obtained the prior written consent of the Holder.

     12. Descriptive Headings; Governing Law. The descriptive headings of the
several paragraphs of this Warrant are inserted for convenience only and do not
constitute a part of this Warrant. ALL QUESTIONS CONCERNING THIS AGREEMENT SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE
OF COLORADO WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAW
PROVISIONS OR RULE (WHETHER OF THE STATE OF COLORADO OR ANY OTHER JURISDICTION)
THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE
STATE OF COLORADO.

     IN WITNESS WHEREOF, the parties hereto have set their hands as of the date
first above written.

                                  "COMPANY":

                                  Integrated Spatial Information Solutions, Inc.

                                  By: ____________________________________
                                  Frederick G. Beisser, Vice President --
                                  Finance & Administration

                                  "HOLDER":

                                  By: ______________________________________
                                  Name: First I. Lastname

                                       17
<PAGE>

                                SUBSCRIPTION FORM
     (To be executed by the Registered Holder in order to exercise Warrants)

     The undersigned Registered Holder hereby irrevocably elects to exercise
____________ Warrants represented by this Warrant Certificate, and to purchase
the shares of Common Stock issueable upon the exercise of such Warrants, and
requests that certifiecates for such shares be issued in the name of:

     Name:_____________________________________________________

     SSAN or Taxpayer ID: _____________________________________

     Signature: _________________________________ Dated: ______

     Address: _________________________________________________

Signature Guaranteed:

Signatures must correspond to the name as written upon the face of this Warrant
Certificate in every particular without alteration or enlargement or any change
whatsoever. Signatures must be guaranteed by a STAMP program participant
normally expected to be a commercial bank or trust company or a member firm o
the New York Stock Exchange, American Stock Exchange, Pacific Stock Exchange or
Midwest Stock Exchange.

--------------------------------------------------------------------------------

                                  TRANSFER FORM
     (To be executed by the Registered Holder in order to transfer Warrants)

I hereby sell, assign and transfer ______________ of the warrants represented by
this Warrant Certificate to the below named person, and hereby irrevocably
constitute and appoint Integrated Spatial Information Solutions, Inc., or the
Warrant Agent, if appointed, with full power of substitution, Attorney to
tgransfer this Warrant Certificate on the books of the Company.

Name of Transferee: _____________________________SSAN or TID: __________________

Address of Transferee: _________________________________________________________

Name of Registered Holder: ______________________SSAN or TID: __________________

Signature of Registered Holder: _______________________Dated: __________________

Registered Holder Address: _____________________________________________________

Signature Guarantee:

Signatures must correspond to the name as written upon the face of this Warrant
Certificate in every particular without alteration or enlargement or any change
whatsoever. Signatures must be guaranteed by a STAMP program participant
normally expected to be a commercial bank or trust company or a member firm o
the New York Stock Exchange, American Stock Exchange, Pacific Stock Exchange or
Midwest Stock Exchange.

                                       18

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