Document:

EXHIBIT 10.3

                            STOCK PURCHASE AGREEMENT

         THIS STOCK PURCHASE AGREEMENT ("Agreement") is entered into this 4th of
May,  2005 by and among U.S.  TELESIS  HOLDINGS,  INC.,  a Delaware  corporation
(hereinafter   referred   to  as   "Buyer");   and   __________________________,
(hereinafter referred to as "Seller"),  being a stockholder of CATCHER,  INC., a
Delaware corporation (the "Company").

         WHEREAS,   Seller  is  the  owner  of  record  and  beneficially   owns
________________________  shares of the issued and outstanding  shares of Common
Stock of the Company (the "Shares"); and

         WHEREAS,  Seller  holds a series A warrant to  purchase  ______________
Shares and a series B warrant to purchase  _____________  Shares (together,  the
"Warrants"); and

         WHEREAS,  simultaneously  herewith Buyer and holders of preferred stock
of the Company (the "Preferred  Stock") entered into a Stock Purchase  Agreement
(the "First  Agreement")  whereby Buyer  purchased from those  stockholders  all
shares of  Preferred  Stock of the  Company  which  they  owned on the terms and
conditions set forth in the First Agreement; and

         WHEREAS,  one  of  the  conditions  to the  consummation  of the  First
Agreement was that Buyer would offer to purchase  from the remaining  holders of
the shares of the capital  stock of the Company all such shares they owned after
the closing of the First Agreement; and

         WHEREAS,  Seller desires to sell all of the Shares to Buyer,  and Buyer
desires to purchase the Shares, upon the terms and conditions set forth herein.

         NOW,  THEREFORE,  in consideration of the mutual promises and covenants
contained herein,  and for other good and valuable  consideration,  the receipt,
adequacy and  sufficiency of which are hereby  acknowledged,  the parties hereto
agree as follows:

                                       I.

                         SALE AND PURCHASE OF THE SHARES

         1.1      SALE AND PURCHASE. Subject to the terms and conditions hereof,
at the Closing  (as defined in  paragraph  1.3  below),  Seller  agrees to sell,
assign,  transfer,  convey and deliver to Buyer and by these presents does sell,
assign,  transfer  convey and deliver to Buyer and Buyer agrees to purchase from
Seller, all of Seller's right, title and

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interest in and to the Shares  listed in Exhibit "A",  attached  hereto.  At the
Closing,  the Company is requested  and  instructed  to transfer the Shares from
Seller to Buyer on the books of the Company.

         1.2      WARRANTS.  Subject to the terms and conditions  hereof, at the
Closing,  Buyer agrees to assume the  obligations of the Company to Seller under
the Warrants in accordance  with the terms of the Warrants as if Seller were the
issuer of the Warrants.

         1.3      CLOSING.  The  purchase  shall  be  consummated  at a  closing
("Closing")  to take  place at 11:00  o'clock  a.m.,  at the  offices of Buyer's
counsel on May 4, 2005 ("Closing Date") or at such other time or location as the
parties hereto agree.

         1.4      PURCHASE  PRICE.  The  aggregate   purchase  price  ("Purchase
Price") for the Shares shall be ___________  shares of Common Stock of the Buyer
("Buyer's Shares"). This portion of the Purchase Price shall be paid at Closing,
by issuance and delivery of Buyer's Shares to Seller.

         1.5      OTHER  AGREEMENTS.  At the  Closing,  Buyer and  Seller  shall
execute and deliver the Registration  Rights Agreement in substantially the form
attached hereto as Exhibit B;

         1.6      BASIC AGREEMENTS AND TRANSACTIONS  DEFINED. This Agreement and
other agreement listed in paragraph 1.5, are sometimes referred to as the "Basic
Agreements". The transactions contemplated by the Basic Agreements and the First
Agreements are sometimes referred to as the "Transactions".

                                       II.

                         REPRESENTATIONS AND WARRANTIES

         2.1      REPRESENTATIONS  AND WARRANTIES OF SELLER.  Seller  represents
and warrants to Buyer, with respect to the Shares owned by Seller, as follows:

                  (a)  TITLE TO THE  SHARES.  At  Closing,  Seller  shall own of
                  record and beneficially the Shares listed of the Company, free
                  and  clear  of  all  liens,  encumbrances,   pledges,  claims,
                  options,  charges and  assessments  of any nature  whatsoever,
                  with full right and lawful authority to transfer the Shares to
                  Buyer. No person has any preemptive  rights or rights of first
                  refusal  with  respect to any of the Shares.  There  exists no
                  voting  agreement,  voting trust,  or  outstanding  proxy with
                  respect to any of the Shares. There are no outstanding rights,
                  options, warrants, calls, commitments, or any other agreements
                  of any character, whether oral or written, with respect to the
                  Shares.

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                  (b) INVESTMENT INTENT. Seller is acquiring the shares of Buyer
                  for his or her own account,  for investment purposes only, and
                  not  with a view  to the  sale  or  distribution  of any  part
                  thereof,  and  Seller  has no present  intention  of  selling,
                  granting participation in, or otherwise distributing the same.
                  Seller understands the specific risks related to an investment
                  in the  shares  of  Buyer,  especially  as it  relates  to the
                  financial performance of Buyer.

                  (c) [For corporate  entities only:  AUTHORITY.  Seller has all
                  necessary power and authority to execute and deliver the Basic
                  Agreements,   to  perform  its   obligations   hereunder   and
                  thereunder,  and, subject to obtaining  necessary  stockholder
                  approval (if required by applicable  Law) in  connection  with
                  the  Transactions,   to  consummate  the   Transactions.   The
                  execution, delivery and performance by the Seller of the Basic
                  Agreements, and the consummation by Seller of the Transactions
                  have been duly  authorized by all necessary  corporate  action
                  and no other  corporate  proceedings on the part of Seller are
                  necessary to authorize  the Basic  Agreements or to consummate
                  the  Transactions  This  Agreement  has been duly executed and
                  delivered  by  Seller  and,  assuming  the due  authorization,
                  execution and delivery by Buyer,  constitutes  a legal,  valid
                  and binding obligation of Seller enforceable against Seller in
                  accordance  with its terms  subject to  subject to  applicable
                  bankruptcy,   insolvency,   reorganization,   moratorium,  and
                  similar Laws of general applicability relating to or affecting
                  creditors' rights and to general principles of equity.]

         2.2      REPRESENTATIONS  AND WARRANTIES OF BUYER. Buyer represents and
warrants to Seller as follows:

                  (a)  ORGANIZATION.  Buyer is a corporation duly  incorporated,
                  validly  existing and in good  standing  under the laws of the
                  state of Delaware. Buyer has all requisite corporate power and
                  authority  to own,  lease and  operate its  properties  and to
                  carry on its  business.  Buyer is duly  qualified  and in good
                  standing as a foreign  corporation in each jurisdiction  where
                  its  ownership  of  property  or  operation  of  its  business
                  requires  qualification,   except  where  the  failure  to  be
                  qualified  would  not have a  material  adverse  effect on the
                  Company.

                  (b) AUTHORIZED  CAPITALIZATION.  The authorized capitalization
                  of Buyer consists of Fifty Million (50,000,000) shares of .001
                  par value Common Stock,  of which Twelve Million Eight Hundred
                  Twenty-Five  Thousand  (12,825,000)  shares will be issued and
                  outstanding  prior  to  Closing  and One  Million  (1,000,000)
                  shares of .001 par value  Preferred  Shares of which

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                  none are  outstanding.  Buyer's Shares,  when issued,  will be
                  duly   authorized,   validly   issued,   are  fully  paid  and
                  non-assessable  with no personal  liability  attaching  to the
                  ownership thereof and were offered, issued, sold and delivered
                  by Buyer in compliance  with all applicable  state and federal
                  laws. At Closing,  Buyer will not have any outstanding rights,
                  options, warrants, calls, commitments, conversion or any other
                  agreements  of  any   character,   whether  oral  or  written,
                  obligating  it to  issue  any  shares  of its  capital  stock,
                  whether  authorized or not. Buyer is not a party to and is not
                  bound   by   any   agreement,    contract,    arrangement   or
                  understanding,  whether oral or written,  giving any person or
                  entity any interest in, or any right to share,  participate in
                  or receive any portion of, Buyer's income,  profits or assets,
                  or obligating  Buyer to distribute  any portion of its income,
                  profits or assets.

                  (c) NO  SUBSIDIARY.  As of the  date  of this  Agreement,  the
                  Company  does not  directly or  indirectly  owns any equity or
                  similar  interest  in,  or any  interest  convertible  into or
                  exchangeable or exercisable for, any corporation, partnership,
                  joint venture or other business association or entity.

                  (d) AUTHORITY. (1) Buyer has all necessary power and authority
                  to execute and deliver  the Basic  Agreements,  to perform its
                  obligations   hereunder  and  thereunder,   and,   subject  to
                  obtaining  necessary  stockholder  approval  (if  required  by
                  applicable  Law)  in  connection  with  the  Transactions,  to
                  consummate  the  Transactions.  The  execution,  delivery  and
                  performance  by the  Buyer of the  Basic  Agreements,  and the
                  consummation  by  Buyer of the  Transactions  have  been  duly
                  authorized  by all  necessary  corporate  action  and no other
                  corporate  proceedings  on the part of Buyer are  necessary to
                  authorize  the  Basic   Agreements   or  to   consummate   the
                  Transactions  (other than,  with  respect to the  contemplated
                  reverse stock split,  the approval and adoption of such by the
                  affirmative vote of a majority of the voting power of the then
                  outstanding   shares  of  Common  Stock  and  the  filing  and
                  recordation  of  appropriate  documents  as  required  by  the
                  Delaware  General  Corporation  Law).  This Agreement has been
                  duly  executed and  delivered  by Buyer and,  assuming the due
                  authorization, execution and delivery by Seller, constitutes a
                  legal,  valid  and  binding  obligation  of Buyer  enforceable
                  against Buyer in accordance  with its terms subject to subject
                  to   applicable   bankruptcy,   insolvency,    reorganization,
                  moratorium, and similar Laws of general applicability relating
                  to or affecting creditors' rights and to general principles of
                  equity.

                  (2) By unanimous  written  consent dated May 4, 2005 the Board
                  of Buyer  (i)  determined  that the Basic  Agreements  and the
                  Transactions  are advisable and in the best interests of Buyer
                  and Buyer's stockholders,  (ii) approved and adopted the Basic
                  Agreements and the  Transactions,  (iii) resolved to

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                  recommend  approval  and  adoption of this  Agreement  and the
                  amendment of the certificate of  incorporation of Buyer by the
                  Buyer's   stockholders.   The  actions   taken  by  the  Board
                  constitute   approval   of  the  Basic   Agreements   and  the
                  Transactions.

                  (e) REQUIRED FILINGS AND CONSENTS.  The execution and delivery
                  of the Basic  Agreements by Buyer do not, and the  performance
                  of the  Basic  Transactions  by Buyer  will not,  require  any
                  consent, approval,  authorization or permit of, or filing with
                  or notification to, any United States federal,  state or local
                  or any  foreign  government  or any court,  administrative  or
                  regulatory   agency  or  commission   or  other   governmental
                  authority  or agency,  domestic  or  foreign (a  "Governmental
                  Entity"),  except (i) for applicable requirements,  if any, of
                  the  Securities  Exchange  Act of 1934 (the  "Exchange  Act"),
                  state securities or "blue sky" laws and filing and recordation
                  of appropriate  documents as required by the Delaware  General
                  Corporation  Law and (ii) for filings  contemplated by Section
                  2.2(d) hereof.

                  (f) NO  CONFLICT.  The  execution  and  delivery  of the Basic
                  Agreements by Buyer do not, and the  performance  of the Basic
                  Agreements by Buyer and the  consummation of the  Transactions
                  will  not  (i)  conflict  with  or  violate   Certificate   of
                  Incorporation or Bylaws of Buyer,  (ii) subject to Section 2.2
                  (e), conflict with or violate any United States federal, state
                  or  local  or any  foreign  statute,  law,  rule,  regulation,
                  ordinance,   code,  order,  judgment,   decree  or  any  other
                  requirement or rule of law (a "Law") applicable to Buyer or by
                  which any property or asset of Buyer is bound or affected,  or
                  (iii)  result in a breach of or  constitute  a default  (or an
                  event which with notice or lapse of time or both would  become
                  a default)  under,  give to others  any right of  termination,
                  amendment,   acceleration  or   cancellation   of,  result  in
                  triggering any payment or other obligations,  or result in the
                  creation  of a lien or other  encumbrance  on any  property or
                  asset of Buyer in any case  that  would be  material  to Buyer
                  pursuant to, any note, bond,  mortgage,  indenture,  contract,
                  agreement,   lease,  license,   permit,   franchise  or  other
                  instrument or  obligation or material  contract to which Buyer
                  is a party or by which  Buyer or any  property or asset of any
                  of them is bound or affected.

                  (g)  COMPLIANCE.  Buyer (i) has been  operated at all times in
                  compliance in all material  respects with all Laws  applicable
                  to Buyer or by which any property,  business or asset of Buyer
                  is bound or affected  and (ii) is not in default or  violation
                  of  any  notes,  bonds,  mortgages,   indentures,   contracts,
                  agreements,  leases, licenses,  permits,  franchises, or other
                  instruments  or  obligations  to which  Buyer is a party or by
                  which  Buyer  or any  property  or  asset of Buyer is bound or
                  affected other than defaults or violations which

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                  individually or in the aggregate would  reasonably be expected
                  to be material to Buyer.

                  (h) SEC FILINGS. Buyer and, to Buyer's knowledge,  each of its
                  current stockholders has filed all forms, reports,  statements
                  and documents  required to be filed with the SEC since May 29,
                  2003 (the "SEC  REPORTS"),  each of which has  complied in all
                  material  respects  with the  applicable  requirements  of the
                  Securities Act of 1933, as amended (the "SECURITIES ACT"), and
                  the  rules and  regulations  promulgated  thereunder,  and the
                  Exchange  Act,  and  the  rules  and  regulations  promulgated
                  thereunder, each as in effect on the date so filed. Other than
                  as  disclosed  in  Risk  Factor  12 of the  Private  Placement
                  Memorandum  of the Company  dated April 27, 2005,  none of the
                  SEC Reports (including,  any financial statements or schedules
                  included or incorporated by reference  therein) contained when
                  filed any untrue  statement  of a material  fact or omitted to
                  state a material fact required to be stated or incorporated by
                  reference therein or necessary in order to make the statements
                  therein,  in the light of the  circumstances  under which they
                  were made,  not  misleading.  Other than as  disclosed in Risk
                  Factor 12 of the Private  Placement  Memorandum of the Company
                  dated April 27, 2005 and except to the extent that information
                  contained in any SEC Report has been revised or  superseded by
                  a later filed SEC Report, none of the SEC Reports contains any
                  untrue  statement  of a  material  fact or omits to state  any
                  material  fact  required to be stated  therein or necessary in
                  order  to  make  the  statements  therein,  in  light  of  the
                  circumstances under which they were made, not misleading.  The
                  principal  executive  officer of the Company and the principal
                  financial  officer of the Company  (and each former  principal
                  executive  officer of the Company  and each  former  principal
                  financial officer of the Company,  as applicable) has made the
                  certifications  required  by  Sections  302  and  906  of  the
                  Sarbanes-Oxley Act of 2002 (the "SARBANES-OXLEY  ACT") and the
                  rules and  regulations of the SEC  thereunder  with respect to
                  the  Company's  filings  pursuant  to the  Exchange  Act.  For
                  purposes  of  the  preceding  sentence,  "principal  executive
                  officer"  and  "principal  financial  officer"  shall have the
                  meanings given to such terms in the Sarbanes-Oxley Act.

                  (i)  BUYER'S  FINANCIAL  STATEMENTS.   All  of  the  financial
                  statements   included  in  the  SEC  Reports,  in  each  case,
                  including  any related  notes  thereto,  as filed with the SEC
                  (those filed with the SEC are collectively  referred to as the
                  "BUYER   FINANCIAL   STATEMENTS"),   have  been   prepared  in
                  accordance  with  generally  accepted  accounting   principles
                  ("GAAP")  applied on a consistent basis throughout the periods
                  involved  (except as may be indicated in the notes thereto or,
                  in the case of the unaudited  statements,  as may be permitted
                  in the Form 10-QSB of the SEC and

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                  subject, in the case of the unaudited  statements,  to normal,
                  recurring   audit   adjustments)   and  fairly   present   the
                  consolidated  financial  position  of Buyer at the  respective
                  dates thereof and the results of its operations and changes in
                  cash flows for the periods  indicated.  Except as set forth in
                  Buyer Financial Statements, Buyer is not aware of any material
                  liabilities  for which it is liable or will  become  liable in
                  the future.

                  (j) TAXES.  Buyer has timely filed all Tax Returns (as defined
                  below)  required  to be filed by it. All such Tax  Returns are
                  true, correct and complete in all material respects. All Taxes
                  (as defined below) of Buyer which are (i) shown as due on such
                  Tax Returns,  (ii)  otherwise due and payable or (iii) claimed
                  or asserted by any taxing authority to be due, have been paid,
                  except for those Taxes being  contested  in good faith and for
                  which adequate reserves have been established in the financial
                  statements  included  in the SEC  Reports in  accordance  with
                  GAAP.  There  are no liens for any  Taxes  upon the  assets of
                  Buyer,  other than  statutory  liens for Taxes not yet due and
                  payable  and liens for real  estate  Taxes  contested  in good
                  faith.  Buyer does not know of any proposed or threatened  Tax
                  claims or assessments which, if upheld,  could individually or
                  in the aggregate  have a material  adverse effect on the Buyer
                  or its financial conditions.  Buyer has not waived any statute
                  of  limitations in respect of Taxes or agreed to any extension
                  of time with respect to a Tax assessment or deficiency.  Buyer
                  has withheld and paid over to the  relevant  taxing  authority
                  all  Taxes   required  to  have  been  withheld  and  paid  in
                  connection    with   payments   to   employees,    independent
                  contractors,  creditors,  stockholders or other third parties.
                  The unpaid Taxes of Buyer for the current  taxable  period (A)
                  did not, as of the most  recent  Buyer  Financial  Statements,
                  exceed the reserve for Tax  liability set forth on the face of
                  the  balance   sheet  in  the  most  recent  Buyer   Financial
                  Statements  and (B) do not exceed that reserve as adjusted for
                  the passage of time through the Closing in accordance with the
                  past custom and  practice of Buyer in filing its Tax  Returns.
                  For  purposes  of  this   Agreement,   (a)  "Tax"  (and,  with
                  correlative meaning,  "Taxes") means any federal, state, local
                  or foreign  income,  gross  receipts,  property,  sales,  use,
                  license,  excise,  franchise,  employment,  payroll,  premium,
                  withholding,   alternative  or  added  minimum,   ad  valorem,
                  transfer,  franchise or excise tax, or any other tax,  custom,
                  duty,  governmental  fee or other like assessment or charge of
                  any kind whatsoever,  together with any interest or penalty or
                  addition  thereto,  whether  disputed  or not,  imposed by any
                  Governmental  Entity,  and (b) "Tax Return"  means any return,
                  report or similar statement  required to be filed with respect
                  to any Tax (including any attached  schedules),  including any
                  information  return,  claim  for  refund,  amended  return  or
                  declaration of estimated Tax.

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                  (k) CHANGE OF CONTROL  AGREEMENT.  Neither the  execution  and
                  delivery of the Basic  Agreements nor the  consummation of the
                  Transactions  (either alone or in  conjunction  with any other
                  event)  result in, cause the  accelerated  vesting or delivery
                  of, or increase the amount or value of, any payment or benefit
                  to any  director,  officer,  employee or  consultant of Buyer.
                  Without  limiting the generality of the  foregoing,  no amount
                  paid or payable by Buyer in connection  with the  Transactions
                  contemplated by this Agreement,  including accelerated vesting
                  of options  (either  solely as a result thereof or as a result
                  of such  transactions  in  conjunction  with any other event),
                  will be an "excess  parachute  payment"  within the meaning of
                  Section 280G of the Internal Revenue Code.

                  (l) INVESTMENT  INTENT.  Buyer is acquiring the Shares for its
                  own account, for investment purposes only, and not with a view
                  to the sale or distribution of any part thereof, and Buyer has
                  no present intention of selling, granting participation in, or
                  otherwise   distributing  the  same.  Buyer   understands  the
                  specific  risks  related  to  an  investment  in  the  Shares,
                  especially as it relates to the financial  performance  of the
                  Company.

                  (m)  MATERIAL   CONTRACTS.   Buyer  has  no  purchase,   sale,
                  commitment,  or other  contract,  the breach or termination of
                  which would have a materially  adverse effect on the business,
                  financial   condition,   results   of   operations,    assets,
                  liabilities, or prospects of Buyer.

                  (n) NO  LITIGATION.  There  are  no  actions,  suits,  claims,
                  complaints or proceedings pending or threatened against Buyer,
                  at  law  or  in  equity,  or  before  or by  any  governmental
                  department,   commission,  court,  board,  bureau,  agency  or
                  instrumentality;  and there are no facts which would provide a
                  valid basis for any such action, suit or proceeding, which, if
                  determined  adversely  to the  Buyer,  would  have a  material
                  adverse effect on the Buyer. There are no orders, judgments or
                  decrees  of  any  governmental   authority  outstanding  which
                  specifically apply to Buyer or any of its assets.

                  (o) NO OPERATIONS.  Buyer does not currently have any business
                  operations  or  material  assets.  Upon  consummation  of  the
                  Transactions,  Buyer  shall not have in excess of  $10,000  in
                  debts, obligations or liabilities of any kind or nature.

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                                      III.

                                    COVENANTS

         3.1      COVENANTS OF BUYER.  Buyer covenants and agrees to perform the
following acts:

                  (a) NO  INDEBTEDNESS.  Buyer will not create,  incur,  assume,
                  guarantee  or  otherwise  become  liable  with  respect to any
                  obligation for borrowed money, indebtedness, capitalized lease
                  or  similar  obligation,  except  in the  ordinary  course  of
                  business consistent with past practices,  where the entire net
                  proceeds  thereof  are  deposited  with  and  used  by  and in
                  connection with the business of Buyer.

                  (b) NO DIVIDENDS. Buyer will not declare, set aside or pay any
                  dividends or other distributions of any nature whatsoever.

                  (c)  CONTRACTS.  Buyer  will  not  enter  into or  assume  any
                  contract, agreement, obligation, lease, license, or commitment
                  except in the ordinary course of business consistent with past
                  practice or as contemplated by this Agreement.

                  (d)  CONSENTS.  Buyer will use its best good faith  efforts to
                  obtain the consent or approval of each person or entity  other
                  than a  Governmental  Entity  whose  consent  or  approval  is
                  required for the consummation of the Transactions contemplated
                  hereby  and to do  all  things  necessary  to  consummate  the
                  Transactions contemplated by the Basic Agreements.

                                       IV.

                           CONDITIONS PRECEDENT TO THE
                          OBLIGATIONS OF BUYER TO CLOSE

         The obligation of Buyer to close the Transactions  contemplated  hereby
is  subject  to the  fulfillment  by  Seller  prior  to  Closing  of each of the
following conditions, which may be waived in whole or in part by Buyer:

         4.1      COMPLIANCE WITH REPRESENTATIONS, WARRANTIES AND COVENANTS. The
representations  and warranties of Seller contained in this Agreement shall have
been true and correct  when made and shall be true and correct as of the Closing
with the same  force and  effect as if made at the  Closing.  Seller  shall have
performed all agreements,  covenants and conditions  required to be performed by
Seller prior to the Closing.

         4.2      NO LEGAL  PROCEEDINGS.  No  suit,  action  or  other  legal or
administrative proceeding before any court or other governmental agency shall be
pending or threatened  seeking to enjoin the  consummation  of the  Transactions
contemplated hereby.

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         4.3      OTHER  AGREEMENTS.  All  parties  other than Buyer  shall have
executed and delivered the Basic Agreements.

         4.4      DOCUMENTS TO BE  DELIVERED  BY SELLER.  The Company and Seller
shall have delivered the following documents:

                  (a) A fully executed  Employment  Agreement by and between the
                  Company and Charles Sander.

                  (b)  Such  other   documents  or   certificates  as  shall  be
                  reasonably  required by Buyer or its counsel in order to close
                  and consummate this Agreement.

         4.5      CLOSING  OF FIRST  AGREEMENT.  The  transactions  contemplated
under the First Agreement shall have closed.

                                       V.

                           CONDITIONS PRECEDENT TO THE
                         OBLIGATIONS OF SELLER TO CLOSE

         The  obligation of Seller to close the  Transactions  is subject to the
fulfillment prior to Closing of each of the following  conditions,  any of which
may be waived in whole or in part by Seller:

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<PAGE>

         5.1      COMPLIANCE WITH REPRESENTATIONS, WARRANTIES AND COVENANTS. The
representations  and warranties  made by Buyer in this Agreement shall have been
true and  correct  when  made and  shall be true  and  correct  in all  material
respects  at the  Closing  with  the same  force  and  effect  as if made at the
Closing, and Buyer shall have performed all agreements, covenants and conditions
required to be performed by Buyer prior to the Closing.

         5.2      NO LEGAL  PROCEEDINGS.  No  suit,  action  or  other  legal or
administrative  proceedings before any court or other governmental  agency shall
be pending or threatened  seeking to enjoin the consummation of the Transactions
contemplated hereby.

         5.3      OTHER  AGREEMENTS.  All parties  other than Seller  shall have
executed and delivered the Basic Agreements.

         5.4      PAYMENTS.  Seller  shall have  received  from Buyer all Common
Stock to be issued at the Closing by Buyer pursuant to all the Basic Agreements.

         5.5      CLOSING  OF FIRST  AGREEMENT.  The  transactions  contemplated
under the First Agreement shall have closed.

                                       VI.

                       MODIFICATION, WAIVERS, TERMINATION
                                  AND EXPENSES

         6.1      MODIFICATION. Buyer and Seller may amend, modify or supplement
this Agreement in any manner as they may mutually agree in writing.

         6.2      WAIVERS.  Buyer and Seller may in writing  extend the time for
or waive  compliance by the other with any of the covenants or conditions of the
other contained herein.

         6.3      TERMINATION AND ABANDONMENT.  This Agreement may be terminated
and the purchase of the Shares may be abandoned before the Closing:

                  (a) By the mutual consent of Seller and Buyer;

                  (b) By Buyer, if the  representations and warranties of Seller
                  set forth  herein  shall not be  accurate,  or the  conditions
                  precedent  set  forth in  Article  V shall  have not have been
                  satisfied, in all material respects; or

                                      -11-
<PAGE>

                  (c) By Seller, if the  representations and warranties of Buyer
                  set forth  herein  shall not be  accurate,  or the  conditions
                  precedent set forth in Article V shall not have been satisfied
                  in all material respects.

         Termination shall be effective on the date of receipt of written notice
specifying the reasons therefor.

                                      VII.

                                  MISCELLANEOUS

         7.1      REPRESENTATIONS  AND WARRANTIES TO SURVIVE.  Unless  otherwise
provided,  all of the representations and warranties contained in this Agreement
and in any  certificate,  exhibit or other document  delivered  pursuant to this
Agreement  shall  survive  the  Closing  for  a  period  of  one  (1)  year.  No
investigation made by any party hereto or their representatives shall constitute
a waiver  of any  representation  or  warranty,  and no such  representation  or
warranty shall be merged into the Closing.

         7.2      BINDING EFFECT OF THE BASIC  AGREEMENTS.  The Basic Agreements
and the  certificates  and other  instruments  delivered  by or on behalf of the
parties pursuant  thereto,  constitute the entire agreement between the parties.
The terms and conditions of the Basic  Agreements  shall inure to the benefit of
and be binding upon the respective heirs, legal  representatives,  successor and
assigns of the parties  hereto.  Nothing in the Basic  Agreements,  expressed or
implied,  confers any rights or  remedies  upon any party other than the parties
hereto and their respective heirs, legal  representatives and assigns.  Whenever
Seller is  authorized  to act  hereunder,  any action  authorized  by members of
Seller  holding a majority of the Shares  shall be deemed the act of and binding
on all members of Seller.

         7.3      APPLICABLE LAW. The Basic Agreements are made pursuant to, and
will be construed under, the laws of the State of Delaware.

         7.4      NOTICES.   All   notices,    requests,   demands   and   other
communications  hereunder  shall be in  writing  and will be deemed to have been
duly given when delivered or mailed, first class postage prepaid:

                  (a) If to Buyer, to:

                             U.S. Telesis, Inc.
                             ATTN: Nicholas Rigopulos, President
                             41 Commonwealth Avenue
                             Boston, MA 02116

                                      -12-
<PAGE>

                  (b) If to Company, to:

                             Catcher, Inc.
                             ATTN: Ira Tabankin - Chief Technology Officer
                             and Chairman
                             1165 Via Vera Cruz
                             San Marcos, CA 92069
                             Tel.: (805) 443 9431
                             Fax: (760) 736 4476

         These  addresses may be changed from time to time by written  notice to
the other parties.

         7.5      HEADINGS.  The headings  contained in this  Agreement  are for
reference only and will not affect in any way the meaning or  interpretation  of
this Agreement.

         7.6      COUNTERPARTS.  This Agreement may be executed in counterparts,
each of  which  will be  deemed  an  original  and all of  which  together  will
constitute one instrument, and may be delivered by facsimile.

         7.7      SEVERABILITY.  If any one or more  of the  provisions  of this
Agreement shall, for any reason, be held to be invalid, illegal or unenforceable
under  applicable  law this  Agreement  shall be construed  as if such  invalid,
illegal  or  unenforceable  provision  had  never  been  contained  herein.  The
remaining  provisions  of this  Agreement  shall be given  effect to the maximum
extent then permitted by law.

         7.8      FORBEARANCE;  WAIVER. Failure to pursue any legal or equitable
remedy  or right  available  to a party  shall not  constitute  a waiver of such
right,  nor shall  any such  forbearance,  failure  or  actual  waiver  imply or
constitute waiver of subsequent default or breach.

         7.9      ATTORNEYS'  FEES AND  EXPENSES.  The  prevailing  party in any
legal  proceeding  based upon this  Agreement  shall be entitled  to  reasonable
attorneys' fees and expenses and court costs.

                                      -13-
<PAGE>

         7.10     EXPENSES.  Each party shall pay all fees and expenses incurred
by it incident to this Agreement and in connection with the  consummation of all
transactions contemplated by this Agreement.

         7.11     INTEGRATION.  This Agreement and all documents and instruments
executed   pursuant  hereto  merge  and  integrate  all  prior   agreements  and
representations  respecting  the  Transactions,  whether  written  or oral,  and
constitute  the sole  agreement  of the  parties  in  connection  therewith  and
contains solely all  representations  and warranties with respect to its subject
matter.  This Agreement has been  negotiated by and submitted to the scrutiny of
both Seller and Buyer and their counsel and shall be given a fair and reasonable
interpretation  in accordance with the words hereof,  without  consideration  or
weight  being given to its having  been  drafted by either  party  hereto or its
counsel.

         IN WITNESS WHEREOF,  the undersigned  parties hereto have duly executed
this Stock Purchase Agreement on the date first written above.

                                     "BUYER"

                                     U.S. TELESIS HOLDING, INC.
                                     A DELAWARE CORPORATION

                                     BY:___________________________________
                                        NICHOLAS RIGOPULOS, PRESIDENT

                     [SELLER's signature on following page]

                                      -14-
<PAGE>

                                    "SELLER"

                                     BY:  _________________________________

                                      -15-EXHIBIT 10.4

                          REGISTRATION RIGHTS AGREEMENT

         This agreement,  dated as of May 4, 2005 (this  "Agreement") is entered
into by and among U.S.  Telesis  Holdings,  Inc.,  a Delaware  corporation  (the
"UST") and the persons and entities listed on EXHIBIT A hereto.

                                    RECITALS

         WHEREAS,  Catcher, Inc., a Delaware corporation ("CATCHER"),  issued an
aggregate of 447,749.5  shares of its capital  stock in the form of its Series A
Preferred Stock and its common stock to certain  founders set forth on Exhibit A
(the "FOUNDERS"); and

         WHEREAS,  Catcher  engaged in a private  offering  to  certain  private
investors (the "PRIVATE INVESTORS") of 162,013 Units consisting in the aggregate
of 324,026  shares of Catcher's  common stock and Series A Warrants and Series B
Warrants  (collectively,  the  "WARRANTS")  to purchase an  aggregate of 324,026
additional shares of Catcher's common stock ; and

         WHEREAS,  UST and the  Purchasers  have entered  into a Stock  Exchange
Agreement of even date herewith (the "EXCHANGE AGREEMENT") pursuant to which UST
will acquire Catcher by (a) issuing its Series A Preferred Stock (the "PREFERRED
STOCK") to certain of the Founders and its common stock (the "COMMON  STOCK") to
the Private  Investors and certain other  Founders  (such Private  Investors and
Founders,  hereinafter  referred to as the  "PURCHASERS")  and (b)  assuming the
obligation under the Warrants to issue UST's common stock; and

         WHEREAS,   UST  and  the  Purchasers  desire  to  provide  for  certain
arrangements with respect to the registration of such shares of capital stock of
UST under the Securities Act of 1933, as amended (the "SECURITIES ACT");

         NOW,  THEREFORE,  in consideration of the mutual promises and covenants
contained in this agreement, the parties hereto agree as follows:

         1.       CERTAIN DEFINITIONS.

         As used in this agreement, the following terms shall have the following
respective meanings:

                  1.1. The term  "Commission"  means the Securities and Exchange
Commission, or any other federal agency at the time administering the Securities
Act.

                  1.2. The term "Holder"  shall mean any person owning or having
the right to acquire  Registrable  Securities or any  permitted  transferee of a
Holder.

                  1.3. The terms  "register,"  "registered"  and  "registration"
refer  to a  registration  effected  by  preparing  and  filing  a  registration
statement or similar  document in compliance  with the  Securities  Act, and the
declaration  or  order  of  effectiveness  of  such  registration  statement  or
document.

                  1.4.  The term  "Registrable  Securities"  shall  mean (a) the
Common Stock (including the Common Stock issuable upon exercise of the Warrants)
and (b) the Common  Stock  issuable  upon  conversion  of the  Preferred  Stock,
provided,  however,  that  securities  shall  only  be  treated  as  Registrable

<PAGE>

Securities  if and  only for so long as they  (A)  have  not  been  disposed  of
pursuant to a registration  statement declared effective by the Commission;  (B)
have not been sold in a transaction  exempt from the registration and prospectus
delivery  requirements  of the Securities Act so that all transfer  restrictions
and restrictive  legends with respect thereto are removed upon the  consummation
of such sale; and (C) are held by a Holder.

                  1.5. The term "Selling Holders" shall mean the Holders selling
their Registrable Securities.

         2.       MANDATORY REGISTRATION. UST agrees that:

                  2.1. it will file a registration statement covering the resale
of the  Registrable  Securities  within ninety (90) days of the date hereof (the
"Filing Deadline").

                  2.2. it will use its commercially  reasonable efforts and will
cooperate fully with the Commission to cause such  registration  statement to be
declared effective by the Commission within one hundred eighty (180) days of the
date hereof (the "Registration Deadline").

In the event UST fails to file a registration  statement  covering the resale of
Registrable  Securities  on or before the  Filing  Deadline,  UST shall,  at the
election  of the  Holder:  (i) pay to the  Holder  (prorated  for such  Holder's
percentage of the Offered  Amount  subscribed to by such Holder) an aggregate of
$45,000;  or (ii) issue to such Holder (prorated for such Holder's percentage of
the  Offered  Amount  subscribed  to by such  Holder)  the number of  additional
Warrants  and shares of Common  Stock that  would have been  purchasable  in the
Offering for $45,000 for every 30 day period  (pro-rated for period less than 30
days) that UST fails to file a registration  statement with the Commission after
the  Filing  Deadline.  In the  event  that,  due  to  the  fault  of  UST,  its
registration  statement is not deemed  effective by the  Commission on or before
the Registration  Deadline,  UST shall, at the election of the Holder (i) pay to
the  Holder  (prorated  for  such  Holder's  percentage  of the  Offered  Amount
subscribed  to by such Holder) an  aggregate  of $45,000;  or (ii) issue to such
Holder (prorated for such Holder's  percentage of the Offered Amount  subscribed
to by such Holder) the number of additional  Warrants and shares of Common Stock
that would have been  purchasable in the Offering for $45,000,  for every 30 day
period (pro-rated for period less than 30 days) that the registration  statement
is not deemed effective by the Commission after the Registration Deadline due to
the fault of UST.

         3.       REGISTRATION   PROCEDURES.   Whenever   required   under  this
Agreement to include Registrable Securities in a UST registration statement, UST
shall, as expeditiously as commercially, reasonably possible:

                  3.1. Use best efforts to cause such registration  statement to
remain  effective until the later to occur of (A) two (2) years from the date of
this Agreement, or (B) two (2) years from the date the Private Investors convert
the  Warrants  to Common  Stock,  or (C) such time that all of such  Registrable
Securities  are no longer,  by reason of Rule 144(k) under the  Securities  Act,
required to be registered  for the sale thereof by such  Holders.  UST will also
use its best efforts to, during the period that such  registration  statement is
required to be maintained  hereunder,  file such  post-effective  amendments and
supplements  thereto as may be required by the  Securities Act and the rules and
regulations  thereunder;  provided,  however, that if applicable rules under the
Securities  Act governing  the  obligation  to file a  post-effective  amendment
permits,  in lieu of filing a  post-effective  amendment  that (i)  includes any
prospectus  required by Section  10(a)(3) of the Securities Act or (ii) reflects
facts or events representing a material or fundamental change in the information
set  forth in the  registration  statement,  UST may  incorporate  by  reference
information  required  to be  included  in (i) and (ii) above to the extent such
information  is contained in

                                     - 2 -
<PAGE>

periodic  reports  filed  pursuant  to  Section  13 or 15(d)  of the  Securities
Exchange Act (the "Exchange Act") in the registration statement.

                  3.2.  Prepare and file with the Commission such amendments and
supplements  to  such  registration  statement,   and  the  prospectus  used  in
connection with such registration  statement, as may be necessary to comply with
the  provisions of the  Securities  Act with respect to the  disposition  of all
securities covered by such registration statement.

                  3.3. Make  available for  inspection  upon  reasonable  notice
during UST's regular  business  hours by each Selling  Holder,  any  underwriter
participating in any distribution pursuant to such registration  statement,  and
any  attorney,  accountant  or other agent  retained by such  Selling  Holder or
underwriter,  all financial and other records, pertinent corporate documents and
properties of UST, and cause UST's  officers,  directors and employees to supply
all information  reasonably  requested by any such Selling Holder,  underwriter,
attorney, accountant or agent in connection with such registration statement.

                  3.4.  Furnish to the Selling Holders such numbers of copies of
a prospectus, including a preliminary prospectus as amended or supplemented from
time to time, in conformity  with the  requirements  of the Securities  Act, and
such other  documents as they may reasonably  request in order to facilitate the
disposition of Registrable Securities owned by them.

                  3.5. Use best  efforts to register and qualify the  securities
covered by such  registration  statement  under  state  securities  laws of such
jurisdictions as shall be reasonably requested by the Selling Holders; provided,
however,  that  UST  shall  not be  required  in  connection  therewith  or as a
condition  thereto  to qualify to do  business  or to file a general  consent to
service of process in any such  states or  jurisdictions,  unless UST is already
subject to service in such  jurisdiction  and except as may be  required  by the
Securities Act.

                  3.6. In the event of any underwritten  public offering,  enter
into and perform its obligations under an underwriting  agreement,  in usual and
customary  form,  with the managing  underwriter of such offering.  Each Selling
Holder  participating in such underwriting shall also enter into and perform its
obligations under such an agreement.

                  3.7 Notify each Holder of  Registrable  Securities  covered by
such registration  statement,  at any time when a prospectus relating thereto is
required to be delivered  under the  Securities  Act: (i) when the  registration
statement or any  post-effective  amendment  and  supplement  thereto has become
effective;  (ii) of the  issuance  by the  Commission  of any stop  order or the
initiation of proceedings  for that purpose (in which event UST shall make every
reasonable effort to obtain the withdrawal of any order suspending effectiveness
of the registration statement at the earliest possible time or prevent the entry
thereof);  (iii) of the receipt by UST of any  notification  with respect to the
suspension of the  qualification  of the Registrable  Securities for sale in any
jurisdiction or the initiation of any proceeding for such purpose; and (iv) when
UST notifies the  Commission  of the happening of any event as a result of which
the  prospectus  included  in such  registration  statement,  as then in effect,
includes  an untrue  statement  of a material  fact or omits to state a material
fact required to be stated therein or necessary to make the  statements  therein
not misleading in the light of the circumstances then existing.

                  3.8.  Cause  all  such   Registrable   Securities   registered
hereunder to be listed on each securities exchange or quotation service on which
similar securities issued by UST are then listed or quoted.

                                     - 3 -
<PAGE>

                  3.9.   Provide  a  transfer   agent  and   registrar  for  all
Registrable  Securities registered pursuant hereto and with the CUSIP number for
all such Registrable Securities,  in each case not later than the effective date
of such registration.

                  3.10.  Cooperate  with the Selling  Holders  and the  managing
underwriters,  if any, to  facilitate  the timely  preparation  and  delivery of
certificates   representing  the  Registrable   Securities  to  be  sold,  which
certificates will not bear any restrictive  legends; and enable such Registrable
Securities  to be in such  denominations  and  registered  in such  names as the
managing underwriters, if any, shall request at least two business days prior to
any sale of the Registrable Securities to the underwriters.

                  3.11.  Comply with all applicable rules and regulations of the
Commission.

                  3.12.  If the offering is  underwritten  and at the request of
any Selling Holder,  use its commercially  reasonable  efforts to furnish on the
date that  Registrable  Securities  are delivered to the  underwriters  for sale
pursuant  to  such  registration:  (i)  opinions  dated  such  date  of  counsel
representing  UST  for  the  purposes  of such  registration,  addressed  to the
underwriters and the transfer agent for the Registrable Securities so delivered,
respectively,  to  the  effect  that  such  registration  statement  has  become
effective  under the Securities Act and such  Registrable  Securities are freely
tradable, and covering such other matters as are customarily covered in opinions
of  issuer's   counsel   delivered  to  underwriters   and  transfer  agents  in
underwritten  public  offerings  and  (ii) a letter  dated  such  date  from the
independent  public  accountants who have certified the financial  statements of
UST included in the  registration  statement or the  prospectus,  covering  such
matters  as  are  customarily  covered  in  accountants'  letters  delivered  to
underwriters in underwritten public offerings.

         4.       FURNISH INFORMATION.  It shall be a condition precedent to the
obligation of UST to take any action with respect to the Registrable  Securities
of any Selling  Holder that such Holder  shall  furnish to UST such  information
regarding the Holder,  the Registrable  Securities  held by the Holder,  and the
intended  method  of  disposition  of such  securities  as shall  be  reasonably
required  by UST  to  effect  the  registration  of  such  Holder's  Registrable
Securities.

         5.       REGISTRATION EXPENSES. UST shall bear and pay all Registration
Expenses incurred in connection with any  registration,  filing or qualification
of  Registrable  Securities  with  respect to  registrations  pursuant  for each
Holder,  but  excluding  underwriting  discounts  and  commissions  relating  to
Registrable Securities and excluding any costs to any of the Holders,  including
without  limitation,  for  accounting,  financial,  legal or other  professional
advisors to any of the Holders.

         6.       UNDERWRITING  REQUIREMENTS.  In  connection  with any offering
involving an  underwriting  of shares of UST's capital  stock,  UST shall not be
required  to  include  any  of  the  Holders'  Registrable  Securities  in  such
underwriting  unless  they accept the terms of the  underwriting  as agreed upon
between UST and the underwriters selected by it (or by other persons entitled to
select the  underwriters),  and then only in such  quantity as the  underwriters
determine  in their  sole  discretion  will not  jeopardize  the  success of the
offering by UST.

         7.       DELAY OF  REGISTRATION.  No  Holder  shall  have any  right to
obtain or seek an injunction  restraining or otherwise delaying any registration
hereunder as the result of any controversy  that might arise with respect to the
interpretation or implementation of this Article.

         8.       INDEMNIFICATION.  In the event that any Registrable Securities
are included in a registration statement under this Agreement:

                                     - 4 -
<PAGE>

                  8.1. To the extent  permitted by law, UST will  indemnify  and
hold harmless each Holder,  any  underwriter  (as defined in the Securities Act)
for such Holder and each person, if any, who controls such Holder or underwriter
within the  meaning of the  Securities  Act or the  Exchange  Act,  against  any
losses,  claims,  damages,  or liabilities  (joint or several) to which they may
become  subject under the Securities  Act, or the Exchange Act,  insofar as such
losses,  claims,  damages,  or liabilities (or actions in respect thereof) arise
out  of or  are  based  upon  any  of the  following  statements,  omissions  or
violations  (collectively a "Violation")  in connection  with UST's  obligations
under this Agreement:  (i) any untrue  statement of a material fact contained in
such  registration  statement,  including  any  preliminary  prospectus or final
prospectus contained therein or any amendments or supplements thereto,  (ii) the
omission to state  therein a material  fact  required to be stated  therein,  or
necessary to make the statements  therein made, under the circumstances in which
they were made, not misleading,  or (iii) any violation by UST of the Securities
Act,  the  Exchange  Act,  or any  rule  or  regulation  promulgated  under  the
Securities  Act,  or the  Exchange  Act,  and UST will pay to each such  Holder,
underwriter  or  controlling  person,  as incurred,  any legal or other expenses
reasonably  incurred by them in connection with  investigating  or defending any
such loss, claim, damage,  liability,  or action;  provided,  however,  that the
indemnity  agreement  contained in this Section 8.1.  shall not apply to amounts
paid in settlement of any such loss, claim, damage, liability, or action if such
settlement  is effected  without the consent of UST,  nor shall UST be liable in
any such case for any such  loss,  claim,  damage,  liability,  or action to the
extent  that it  arises  out of or is based  upon a  Violation  which  occurs in
reliance upon and in conformity with written information furnished expressly for
use in connection  with such  registration  by any such Holder,  underwriter  or
controlling person.

                  8.2. To the extent  permitted by law, each Selling Holder will
indemnify and hold harmless  UST, each of its  directors,  each of its officers,
each person,  if any, who controls UST within the meaning of the Securities Act,
any  underwriter,  any other  Holder  selling  securities  in such  registration
statement and any  controlling  person of any such  underwriter or other Holder,
against any losses, claims,  damages, or liabilities (joint or several) to which
any of the foregoing  persons may become  subject,  under the Securities Act, or
the Exchange Act, insofar as such losses,  claims,  damages,  or liabilities (or
actions in respect  thereto)  arise out of or are based upon any  Violation,  in
each case to the extent (and only to the extent) that such  Violation  occurs in
reliance  upon and in  conformity  with  written  information  furnished by such
Holder  expressly for use in connection  with such  registration;  and each such
Holder will pay, as incurred, any legal or other expenses reasonably incurred by
any  person  intended  to be  indemnified  pursuant  to  this  Section  8.2,  in
connection  with  investigating  or  defending  any such  loss,  claim,  damage,
liability, or action; PROVIDED,  HOWEVER, that the indemnity agreement contained
in this  Section 8.2 shall not apply to amounts paid in  settlement  of any such
loss, claim, damage,  liability or action if such settlement is effected without
the consent of the Holder, which consent shall not be unreasonably withheld.

                  8.3. Promptly after receipt by an indemnified party under this
Section  8  of  notice  of  the  commencement  of  any  action   (including  any
governmental  action),  such  indemnified  party  shall,  if a claim in  respect
thereof is to be made  against  any  indemnifying  party  under this  Section 8,
deliver to the indemnifying  party a written notice of the commencement  thereof
and the  indemnifying  party shall have the right to participate in, and, to the
extent the indemnifying  party so desires,  jointly with any other  indemnifying
party similarly notified, to assume the defense thereof with counsel selected by
the  indemnifying  party and approved by the  indemnified  party (whose approval
shall not be  unreasonably  withheld);  provided,  however,  that an indemnified
party  (together  with all other  indemnified  parties which may be  represented
without  conflict by one  counsel)  shall have the right to retain one  separate
counsel,  with the fees and expenses to be paid by the  indemnifying  party,  if
representation  of  such  indemnified  party  by  the  counsel  retained  by the
indemnifying  party would be

                                     - 5 -
<PAGE>

inappropriate  due to actual  or  potential  differing  interests  between  such
indemnified  party and any  other  party  represented  by such  counsel  in such
proceeding.  The failure to deliver  written  notice to the  indemnifying  party
within a reasonable time of the commencement of any such action,  if prejudicial
to its ability to defend such action,  shall relieve such indemnifying  party of
any liability to the indemnified party under this Section 8.

                  8.4 If the  indemnification  provided for in this Section 8 is
held by a court of competent  jurisdiction  to be  unavailable to an indemnified
party with respect to any loss, liability, claim, damage, or expense referred to
therein,  then the indemnifying  party, in lieu of indemnifying such indemnified
party  hereunder,  shall  contribute  to the  amount  paid  or  payable  by such
indemnified party as a result of such loss, liability, claim, damage, or expense
in such  proportion  as is  appropriate  to reflect  the  relative  fault of the
indemnifying  party on the one hand and of the indemnified party on the other in
connection  with  the  statements  or  omissions  that  resulted  in such  loss,
liability,  claim,  damage,  or expense as well as any other relevant  equitable
considerations.  The  relative  fault  of  the  indemnifying  party  and  of the
indemnified  party shall be  determined  by reference  to,  among other  things,
whether the untrue or alleged untrue statement of a material fact or the alleged
omission  to state a  material  fact  relates  to  information  supplied  by the
indemnifying party or by the indemnified party and the parties' relative intent,
knowledge,  access to  information,  and  opportunity to correct or prevent such
statement or omission.

                  8.5.  Notwithstanding  the  foregoing,  to the extent that the
provisions on  indemnification  and  contribution  contained in an  underwriting
agreement entered into in connection with an underwritten public offering are in
conflict  with the foregoing  provisions,  the  provisions in such  underwriting
agreement shall control.

                  8.6. The  obligations  of UST and Holders under this Section 8
shall survive the completion of the Offering and the Acquisition.

         9.       Reports Under Securities  Exchange Act of 1934. With a view to
making  available  to the Holders the benefits of Rule 144 and any other rule or
regulation  of the  Commission  that  may at any time  permit  a Holder  to sell
securities  of  UST  to  the  public  without  registration  or  pursuant  to  a
registration on Form S-3, UST agrees to:

                  9.1.  make and keep  public  information  available,  as those
terms are  understood  and defined in Rule 144, at all times after 90 days after
the effective date of the  registration  statement  filed in connection  with an
Acquisition;

                  9.2.  file with the  Commission in a timely manner all reports
and other  documents  required of UST under the  Securities Act and the Exchange
Act; and

                  9.3.  furnish to any  Holder,  so long as the Holder  owns any
Registrable  Securities,  forthwith  upon  request (i) a copy of the most recent
annual or quarterly  report of UST and such other reports and documents so filed
by UST,  and (ii) such  other  information  as may be  reasonably  requested  in
availing any Holder of any rule or  regulation of the  Commission  which permits
the  selling of any such  securities  without  registration  or pursuant to such
form.

         10..     GENERAL.

                  10.1. SEVERABILITY.  The invalidity or unenforceability of any
provision of this agreement shall not affect the validity or  enforceability  of
any other provision of this agreement.

                                     - 6 -
<PAGE>

                  10.2. SPECIFIC  PERFORMANCE.  In addition to any and all other
remedies  that  may be  available  at law in the  event  of any  breach  of this
agreement,  each  Purchaser  shall be entitled to  specific  performance  of the
agreements  and  obligations  of UST hereunder  and to such other  injunctive or
other equitable relief as may be granted by a court of competent jurisdiction.

                  10.3.  GOVERNING  LAW.  NOTWITHSTANDING  THE PLACE  WHERE THIS
AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES  HERETO,  THE PARTIES  EXPRESSLY
AGREE THAT ALL THE TERMS AND PROVISIONS  HEREOF SHALL BE CONSTRUED IN ACCORDANCE
WITH AND  GOVERNED BY THE LAWS OF THE STATE OF NEW YORK  WITHOUT  REGARD TO SUCH
STATE'S PRINCIPLES OF CONFLICTS OF LAW. IN THE EVENT THAT A JUDICIAL  PROCEEDING
IS NECESSARY,  THE SOLE FORUM FOR RESOLVING  DISPUTES ARISING OUT OF OR RELATING
TO THIS  AGREEMENT IS THE SUPREME  COURT OF THE STATE OF NEW YORK IN AND FOR THE
COUNTY OF NEW YORK OR THE  FEDERAL  COURTS  FOR SUCH STATE AND  COUNTY,  AND ALL
RELATED  APPELLATE  COURTS AND THE  PARTIES  HEREBY  IRREVOCABLY  CONSENT TO THE
JURISDICTION  OF  SUCH  COURTS  AND  AGREE  TO  SAID  VENUE.  THE  PARTIES  each
irrevocably waives any objection to the laying of venue of any such suit, action
or proceeding  brought in such courts and irrevocably  waives any claim that any
such suit, action or proceeding brought in any such court has been brought in an
inconvenient  forum.  THE PARTIES  HEREBY  WAIVE ANY RIGHT TO REQUEST A TRIAL BY
JURY IN ANY  LITIGATION  WITH  RESPECT TO THIS  AGREEMENT  AND  REPRESENTS  THAT
COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

                  10.4.  NOTICES.  All notices,  requests,  consents,  and other
communications  under this  agreement  shall be in  writing  and shall be deemed
delivered (i) in the case of Purchasers  located in the United States only,  two
business days after being sent by registered or certified  mail,  return receipt
requested,  postage prepaid,  and in the case of Purchasers  located outside the
United States, ten days after being sent by air mail,  postage prepaid,  or (ii)
the scheduled delivery date after being sent via a reputable  nationwide courier
service (no signed  receipt being  necessary),  or (iii) by fax with  electronic
confirmation of receipt, or (iii) by electronic mail, with no notice of delivery
failure, in each case to the intended recipient as set forth below:

If to UST:

                  U.S. Telesis Holdings, Inc.
                  1165 Via Vera Cruz
                  San Marcos, CA 92069
                  Attention: President

Copy to:          Piliero Goldstein Kogan & Miller, LLP
                  10 East 53rd Street
                  New York, New York 10021
                  Attention: Robert D. Piliero

         If to a  Purchaser,  at the  address  set  forth on  EXHIBIT A for such
Purchaser,  or at such other address or addresses as may have been  furnished to
UST in writing by such Purchaser.

         10.5.  COMPLETE  AGREEMENT.   This  agreement  constitutes  the  entire
agreement and  understanding  of the parties  hereto with respect to the subject
matter hereof and supersedes all prior

                                     - 7 -
<PAGE>

agreements and understandings relating to such subject matter.

         10.6. AMENDMENTS AND WAIVERS. Any term of this agreement may be amended
or terminated  and the  observance  of any term of this  agreement may be waived
(either  generally  or in a  particular  instance  and either  retroactively  or
prospectively), with the written consent of UST and the holders of a majority of
the Registrable  Shares;  provided,  that this agreement may be amended with the
consent of the  holders  of less than all  Registrable  Shares  only in a manner
which applies on its face to all such holders in substantially the same fashion.
Any such  amendment,  termination  or waiver  effected in  accordance  with this
Section 10.6 shall be binding on all parties hereto, even if they do not execute
such consent. No waivers of or exceptions to any term, condition or provision of
this  agreement,  in any  one or more  instances,  shall  be  deemed  to be,  or
construed  as, a further or  continuing  waiver of any such term,  condition  or
provision.

         10.7. PRONOUNS.  Whenever the context may require, any pronouns used in
this agreement  shall include the  corresponding  masculine,  feminine or neuter
forms, and the singular form of nouns and pronouns shall include the plural, and
vice versa.

         10.8 COUNTERPARTS;  FAXED SIGNATURES. This agreement may be executed in
any number of counterparts, each of which shall be deemed to be an original, and
all of which together shall constitute one and the same document. This agreement
may be executed by faxed signatures.

         10.9. SECTION HEADINGS. The section headings are for the convenience of
the  parties  and  in no  way  alter,  modify,  amend,  limit  or  restrict  the
contractual obligations of the parties.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                     - 8 -
<PAGE>

                                                                               .
                                                   REGISTRATION RIGHTS AGREEMENT

                  Executed as of the date first written above.

                                          U.S. TELESIS HOLDINGS, INC.

                                          By:________________________________
                                             Name: Nicolas Rigopulos
                                             Title: President

<PAGE>

                                              [Registration Rights Agreement]

                                              AGREED AND ACCEPTED:

                                          By: _________________________________

                                              Name:
                                              Title:

<PAGE>

                                                                       EXHIBIT A

                                   PURCHASERS

                  COMMON STOCK -- PRIOR TO REVERSE SPLIT

<TABLE>
<S>                                                                    <C>
Greg J. Berlacher                                                      432,000
1150 First Avenue                                                      216,000 Series A
#600                                                                   216,000 Series B
King of Prussia, PA 19406

Dan Gardner - IRA                                                      132,000
(Bear Stearns Securities Corp. Cust. f/b/o Dianiel Gardner)            66,000 Series A
534 Camp Woods Circle                                                  66,000 Series B
Villa Nova, PA 19085

Dan Gardner                                                            475,200
534 Camp Woods Circle                                                  237,600 Series A
Villa Nova, PA 19085                                                   237,600 Series B

Richard Johnson                                                        118,800
965 Pinehurst Drive                                                             59,400 Series A
Chester Springs, PA 19425                                              59,400 Series B

Jay Seid                                                               475,200
c/o Emerging Growth Equities                                           237,600 Series A
1150 First Avenue, Suite 600                                           237,600 Series B
King of Prussia, PA 19406

Robert A. Berlacher-IRA                                                237,600
Bear Stearns SEC Corp. as IRA Cust. f/b/o Robert A. Berlacher          118,800 Series A
676 Church Road                                                        118,800 Series B
Villa Nova, PA 19085

BallyShannon Partners, L.P.                                            1,045,400
325 Bryn Mawr Avenue                                                   522,700 Series A
Bryn Mawr, PA 19010                                                    522,700 Series B

BallyShannon Family Partnership                                        475,200
325 Bryn Mawr Avenue                                                   237,600 Series A
Bryn Mawr, PA 19010                                                    237,600 Series B

Peter Stanley                                                          477,000
660 Gatehouse Lane                                                     238,500 Series A
Philadelphia, PA 19118                                                 238,500 Series B
</TABLE>

<PAGE>

<TABLE>
<S>                                                                    <C>
Matison EuroInvest Ltd.                                                566,200
c/o Budin & Partners                                                   283,100 Series A
20 Rue Senebier                                                        283,100 Series B
PO Box 166
Channel 1211, Geneva, Switz

VFT Special Ventures, Ltd.                                             1,188,000
1150 First Avenue, Suite 600                                           594,000 Series A
King of Prussia, PA 19406                                              594,000 Series B

Chardonnay Partners                                                    118,800
676 Church Road                                                        59,400 Series A
Villa Nova, PA 19085                                                   59,400 Series B

Cabernet Partners                                                      356,400
676 Church Road                                                        178,200 Series A
Villa Nova, PA 19085                                                   178,200 Series B

Paul Berlacher                                                         118,800
Paul D. Berlacher Rev. Trust DTD 5/27/93                               59,400 Series A
7201 Forest Brook Drive                                                59,400 Series B
Sylvania, Ohio

Franz Berlacher                                                        118,000
Heart Specialists of NW Ohio Profit Sharing/401K Plan fbo              59,400 Series A
Franz Berlacher                                                        59,400 Series B
5549 Ginger Tree Lane
Toledo, OH 43623

Northwood Capital Partners, LP                                         950,400
1150 First Avenue, Suite 600                                           475,200 Series A
King of Prussia, PA 19406                                              475,200 Series B

Porter Partners LP                                                     237,600
300 Drakes Landing Road                                                118,800 Series A
Suite 300                                                              118,800 Series B
Greenbrae, CA 94904

Christopher Cummings                                                   1,080,000
475 Stonehaven Drive                                                   540,000 Series A
Kettering, OH 45429                                                    540,000 Series B

Agile Partners, L.P.                                                   4,679,600
3500 Alameda De Las Pulgas                                             2,339,800 Series A
Suite 200                                                              2,339,800 Series B
Menlo Park , CA 94025

Sandor Capital Master Fund, LP                                         3,600,000
2828 Routh Street, Suite 500                                           1,800,000 Series A
Dallas, Texas, 75201                                                   1,800,000 Series B
</TABLE>

<PAGE>

<TABLE>
<S>                                                                    <C>
John Lemak                                                             720,000
4410 Bordeaux Ave                                                      360,000 Series A
Dallas, Texas 75205                                                    360,000 Series B

London Family Trust                                                    3,599,600
212 Aurora Drive                                                       1,799,800 Series A
Montecito, CA 93108                                                    1,799,800 Series B

Carlton Meyer                                                          359,800
1106 Ednor Road                                                        179,900 Series A
Silver Springs, MD 20905                                               179,900 Series B

George King                                                            1,079,800
5577 Vantage Point Road                                                539,900 Series A
Columbia, MD 21044                                                     539,900 Series A

Brian Barton                                                           1,079,800
19816 Meredith Drive                                                   539,900 Series A
Derwood, MD 20855                                                      539,900 Series B

Mark Nicosia                                                           1,079,800
21809 Gaithers Meadow Lane                                             539,900 Series A
Brookville, MD 20833       `                                           539,900 Series B

Burlingame Equity Investors (Offshore) Ltd.                            60,400
1 Sansome Street                                                       30,200 Series A
Suite 2900                                                             30,200 Series B
San Francisco, CA 94104

Burlingame Equity Investors, LP                                        305,600
1 Sansome Street                                                       152,800 Series A
Suite 2900                                                             152,800 Series B
San Francisco, CA 94104

Attractor Capital Fund 1, LLC                                          2,519,600
1637 Oakwood Drive                                                     1,259,800 Series A
Unit S222                                                              1,259,800 Series B
Norberth, PA 19072

Raleigh Ralls                                                          1,799,800
744 Spruce Street                                                      899,900 Series A
Boulder, CO 80302                                                      899,900 Series B

Katherine O'Leary                                                      539,800
2819 Fourth Street                                                     269,900 Series A
Boulder, CO 80304                                                      269,900 Series B
</TABLE>

<PAGE>

<TABLE>
<S>                                                                    <C>
Richard O'Leary                                                        539,800
2819 Fourth Street                                                     269,900 Series A
Boulder, CO 80304                                                      269,900 Series B

Alon Kutai                                                             720,000
5423 Foxhound Way                                                      360,000 Series A
San Diego, CA 92130                                                    360,000 Series B

Bryan Smyth                                                            180,000
4417 Tivoli Street                                                     90,000 Series A
San Diego, CA 92107                                                    90,000 Series A

John & Cindy Boyle                                                     216,000
375 Fairview Farms Road                                                108,000 Series A
Campo Bello, SC 29322                                                  108,000 Series B

Michael Pruitt                                                         180,000
11502 Stonebrier Drive                                                 90,000 Series A
Charlotte, NC 28277                                                    90,000 Series B

Craig Samuels                                                          360,000
13990 Rancho Dorado                                                    180,000 Series A
San Diego, CA 92130                                                    180,000 Series B

Schreiber Living Trust                                                 179,800
[address]                                                              89,900 Series A
                                                                       89,900 Series B

John Sutton                                                            1,732,500
1801 Warner Ranch Drive, #1718
Round Rock, Texas 78664

Steven A. Moore                                                        111,900
2250 Big Pine Road
Escondido, CA

Campbell Family Trust                                                  223,900
4360 E. Burchell Drive
Hayden Lake, ID 83835

Aldridge Industries, Inc.                                              441,000
525 Round Rock West #275
Round Rock, Texas 78681

SERIES A PREFERRED STOCK

Ira J. Tabankin                                                        279,042.625
1165 Via Vera Cruz
San Marco, CA 92069
</TABLE>

<PAGE>

<TABLE>
<S>                                                                    <C>
Charles Sander                                                         279,042.625
[address]

Robert Prag                                                            66,317.75
2455 El Amigo Road
Del Mar, CA 92014

Kai Hansen                                                             54,687.5
P.O. Box  12610
San Diego, CA 92112

Hayden   Communications, Inc.                                          54,687.5
1401 Hewens Drive
North Myrtle Beach, SC 29582
</TABLE>

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