Document:

REGISTRATION RIGHTS AGREEMENT

     This  REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as of October
14, 2002, among E-REX, INC., a Nevada corporation (the "Company"), and the other
undersigned  parties  hereto  (collectively,  the  "Purchasers").

      1.    Introduction.  The  Company  and  the Purchasers have today executed
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that  certain  Securities  Purchase Agreement (the "Securities  Purchase  Agree-
ment"),  pursuant  to which the Company has agreed, among other things, to issue
an  aggregate  of  its  $500,000  principal amount of 10% Convertible Notes (the
"Notes")  to  the  Purchasers. The Notes, and interest which shall accrue on the
outstanding  principal  balance  thereof, are convertible into 62,500,000 shares
(the  "Conversion  Shares")  of the Company's common stock, par value $0.001 per
share  (the  "Common  Stock"),  pursuant to the terms of the Notes. In addition,
pursuant  to the terms of the Securities Purchase Agreement and the transactions
contemplated  thereby,  the  Company  has  issued to the Purchasers Common Stock
Purchase  Warrants  exercisable  for  an aggregate of 5,000,000 shares of Common
Stock  (the  "Warrant  Shares").  The  number  of Conversions Shares and Warrant
Shares is subject to adjustment upon the occurrence of stock splits, recapitali-
zations  and  similar  events  occurring  after  the date hereof. The Conversion
Shares  and  the  Warrant  Shares  are  collectively  herein  referred to as the
"Registrable  Securities."  Certain capitalized terms used in this Agreement are
defined in Section 3 hereof; references to sections shall be to sections of this
Agreement.

     2.     Registration  under  Securities  Act.
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     2.1     Mandatory  Registration.  Within  fourteen  (14)  days  of the date
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hereof,  the Company shall prepare and file a registration statement on Form S-3
or such other appropriate registration form of the Commission (the "Registration
Statement")  to effect the registration under the Securities Act of all, but not
less than all, of the Registrable Securities to permit the public disposition of
such Registrable Securities in accordance with the intended method or methods of
disposition  specified  by  the  Purchasers  and  their  permitted  assigns  or
transferees  (collectively,  the  "Holders");  provided,  however, such intended
method  of  disposition  shall  not  include  an  underwritten  offering  of the
Registrable  Securities.  The  Company  shall  use its best efforts to cause the
Registration  Statement  to  be  declared effective by the Commission within 120
days  of  the  date  of  this  Agreement.  The Company will pay all Registration
Expenses  in  connection  with  the  registration of the Registrable Securities.

      2.2    Registration Procedures.  In connection  with the  registration  of
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the  Registrable  Securities under the Securities Act as provided in Section 2.1
the  Company  shall:

     (i)  prepare  and file with the Commission, within fourteen (14) days after
the  date  hereof,  the Registration Statement (including such audited financial
statements as may be required by the Securities Act or the rules and regulations
promulgated  thereunder)  and  thereafter  use  its  best  efforts to cause such
registration  statement  to  be  declared  effective  by  the  Commission;

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     (ii)  prepare  and file with the Commission such amendments and supplements
to the Registration Statement and the prospectus used in connection therewith as
may be necessary to keep the Registration Statement effective and to comply with
the  provisions  of  the  Securities  Act with respect to the disposition of all
Registrable  Securities covered by the Registration Statement, until the earlier
to occur of two (2) years after the date of this Agreement (subject to the right
of the Company to suspend the effectiveness thereof for not more than sixty (60)
consecutive  days  or  an aggregate of one hundred twenty (120) days in such two
(2)  year period) or such time as all of the securities which are the subject of
the  Registration  Statement cease to be Registrable Securities (such period, in
each  case,  the  "Registration  Maintenance  Period");

     (iii)  furnish  to  each  seller  of  Registrable Securities covered by the
Registration  Statement  such  number  of  conformed copies of such registration
statement  and  of  each  such  amendment  and  supplement thereto (in each case
including  all  exhibits),  such number of copies of the prospectus contained in
the  Registration  Statement  (including  each  preliminary  prospectus  and any
summary  prospectus)  and  any  other  prospectus filed under Rule 424 under the
Securities  Act,  in conformity with the requirements of the Securities Act, and
such  other  documents,  as  such  seller  may  reasonably  request  in order to
facilitate  the  public  sale or other disposition of the Registrable Securities
owned  by  such  seller;

     (iv)  use  its  reasonable  efforts  to register or qualify all Registrable
Securities and other securities covered by the Registration Statement under such
other  securities  laws  or blue sky laws as any seller thereof shall reasonably
request,  to  keep such registrations or qualifications in effect for so long as
the  Registration  Statement  remains in effect, and take any other action which
may  be reasonably necessary to enable such seller to consummate the disposition
in  such  jurisdictions  of the securities owned by such seller, except that the
Company  shall  not  for any such purpose be required to qualify generally to do
business  as  a foreign corporation in any jurisdiction wherein it would not but
for the requirements of this subdivision (iv) be obligated to be so qualified or
to  consent  to  general  service  of  process  in  any  such  jurisdiction;

     (v) use its best efforts to cause all Registrable Securities covered by the
Registration  Statement  to  be  registered  with  or  approved  by  such  other
governmental agencies or authorities as may be necessary to enable the seller or
sellers  thereof  to  consummate the disposition of such Registrable Securities;

     (vi)  notify  each  seller  of  the  Registrable  Securities covered by the
Registration  Statement  promptly  and  confirm  such advice in writing promptly
after  the  Company  has  knowledge  thereof:

          (A)  when the Registration Statement, the prospectus or any prospectus
     supplement  related thereto or post-effective amendment to the Registration
     Statement  has  been filed, and, with respect to the Registration Statement
     or  any  post-effective  amendment  thereto,  when  the  same  has  become
     effective;

          (B)  of any request by the Commission for amendments or supplements to
     the Registration Statement or the prospectus or for additional information;

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          (C) of the issuance by the Commission of any stop order suspending the
     effectiveness  of  the  Registration  Statement  or  the  initiation of any
     proceedings  by  any  Person  for  that  purpose;  and

          (D)  of the receipt by the Company of any notification with respect to
     the  suspension of the qualification of any Registrable Securities for sale
     under the securities or blue sky laws of any jurisdiction or the initiation
     or  threat  of  any  proceeding  for  such  purpose;

     (vii)  notify  each  seller  of  Registrable  Securities  covered  by  the
Registration  Statement,  at  any  time  when  a  prospectus relating thereto is
required  to be delivered under the Securities Act, upon discovery that, or upon
the  happening of any event as a result of which, the prospectus included in the
Registration  Statement,  as  then  in effect, includes an untrue statement of a
material  fact or omits to state any material fact required to be stated therein
or  necessary  to make the statements therein not misleading in the light of the
circumstances  then  existing,  and  at  the request of any such seller promptly
prepare and furnish to such seller a reasonable number of copies of a supplement
to or an amendment of such prospectus as may be necessary so that, as thereafter
delivered  to  the  purchasers  of  such  securities,  such prospectus shall not
include  an untrue statement of a material fact or omit 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;

     (viii)  use  its  best  efforts  to  obtain  the  withdrawal  of  any order
suspending  the  effectiveness  of  the  Registration  Statement at the earliest
possible  moment;

     (ix) otherwise use its best efforts to comply with all applicable rules and
regulations  of  the  Commission, and make available to its security holders, as
soon  as reasonably practicable, an earnings statement covering the period of at
least twelve (12) months, but not more than eighteen (18) months, beginning with
the  first  full  calendar  month  after  the effective date of the Registration
Statement,  which  earnings  statement  shall  satisfy the provisions of Section
11(a)  of  the  Securities  Act  and  Rule  158  thereunder;

     (x)  enter  into such agreements and take such other actions as the sellers
of  the  Registrable  Securities  covered  by  the  Registration Statement shall
reasonably  request  in  writing (at the expense of the requesting or benefiting
sellers)  in order to expedite or facilitate the disposition of such Registrable
Securities;  and

     (xi) use its best efforts to list all Registrable Securities covered by the
Registration  Statement  on any securities exchange (if any) on which any of the
Registrable  Securities  are  then  listed.

     The  Company  may require each seller of Registrable Securities as to which
any  registration  is  being  affected  to  furnish the Company such information
regarding such seller and the distribution of such securities as the Company may
from  time  to  time  reasonably  request  in  writing.

<PAGE>

     The  Company  will  not file any registration statement pursuant to Section
2.1, or amendment thereto or any prospectus or any supplement thereto (including
such  documents  incorporated  by  reference  and proposed to be filed after the
initial  filing  of the Registration Statement) to which a seller of Registrable
Securities  shall  reasonably  object,  provided  that the Company may file such
document  in  a  form  required  by  law  or  upon  the  advice  of its counsel.

     The  Company  represents  and  warrants  to  each  holder  of  Registrable
Securities  that  it  has  obtained  all  necessary  waivers,  consents  and
authorizations  necessary  to  execute  this  Agreement  and  consummate  the
transactions  contemplated  hereby  other  than  such  waivers,  consents and/or
authorizations  specifically  contemplated by the Securities Purchase Agreement.

     Each  Purchaser agrees that, upon receipt of any notice from the Company of
the  occurrence  of any event of the kind described in subdivision (vii) of this
Section  2.2,  such  Purchaser  will  forthwith  discontinue  such  Purchaser's
disposition  of  Registrable  Securities  pursuant to the Registration Statement
relating  to  such  Registrable Securities until such Purchaser's receipt of the
copies  of  the  supplemented  or amended prospectus contemplated by subdivision
(vii)  of  this  Section 2.2 and, if so directed by the Company, will deliver to
the  Company  all  copies,  other  than  permanent  file  copies,  then  in such
Purchaser's possession of the prospectus relating to such Registrable Securities
current  at  the  time  of  receipt  of  such  notice.

     2.3     Preparation;  Reasonable  Investigation.  In  connection  with  the
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preparation  and  filing  of the Registration Statement under the Securities Act
pursuant  to  this  Agreement,  the Company will give the holders of Registrable
Securities  registered  under  the  Registration  Statement,  the opportunity to
participate  in  the preparation of such registration statement, each prospectus
included  therein  or  filed  with the Commission, and each amendment thereof or
supplement  thereto,  and  will  give  each of them such access to its books and
records  and  such opportunities to discuss the business of the Company with its
officers and the independent public accountants who have certified its financial
statements  as  shall  be necessary to conduct a reasonable investigation within
the  meaning  of  the  Securities  Act.

     2.4     Indemnification.
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     (a)     Indemnification  by the Company.  The Company will, and hereby does
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agree  to,  indemnify and hold harmless the holder of any Registrable Securities
covered  by  the  Registration  Statement,  its directors and officers, and each
other  Person,  if  any,  who  controls  such  holder  within the meaning of the
Securities  Act  against  any  losses,  claims, damages or liabilities, joint or
several,  to  which  such  holder or any such director or officer or controlling
person may become subject under the Securities Act or otherwise, insofar as such
losses,  claims,  damages  or  liabilities  (or  actions or proceedings, whether
commenced  or threatened, in respect thereof) arise out of or are based upon any
untrue  statement  or alleged untrue statement of any material fact contained in
the  Registration  Statement,  any  preliminary  prospectus, final prospectus or

<PAGE>

summary prospectus contained therein, or any amendment or supplement thereto, or
any omission or alleged omission to state therein a material fact required to be
stated  therein  or necessary to make the statements therein not misleading, and
the  Company  will  reimburse  such  holder  and each such director, officer and
controlling  person  for  any legal or any other expenses reasonably incurred by
them  in  connection  with  investigating  or  defending  any  such loss, claim,
liability,  action  or proceeding, provided that the Company shall not be liable
in  any such case to the extent that any such loss, claim, damage, liability (or
action  or  proceeding  in respect thereof) or expense arises out of or is based
upon  an  untrue  statement  or  alleged untrue statement or omission or alleged
omission  made  in  the Registration Statement, any such preliminary prospectus,
final  prospectus,  summary prospectus, amendment or supplement in reliance upon
and  in  conformity  with  written  information furnished to the Company by such
holder  stating  that  it  is  for  use in the preparation thereof and, provided
further  that  the  Company shall not be liable to any Person to the extent that
any  such  loss,  claim,  damage,  liability (or action or proceeding in respect
thereof)  or  expense arises out of such Person's failure to send or give a copy
of the final prospectus, as the same may be then supplemented or amended, within
the time required by the Securities Act to the Person asserting the existence of
an  untrue statement or alleged untrue statement or omission or alleged omission
at or prior to the written confirmation of the sale of Registrable Securities to
such Person if such statement or omission was corrected in such final prospectus
or  an  amendment  or  supplement  thereto.  Such indemnity shall remain in full
force  and  effect  regardless of any investigation made by or on behalf of such
holder or any such director, officer or controlling person and shall survive the
transfer  of  such  securities  by  such  holder.

     (b)     Indemnification  by  the  Sellers.  Each Purchaser agrees, and  any
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other  seller  of Registrable Securities must agree, as a condition to including
any  Registrable Securities in the Registration Statement, to indemnify and hold
harmless  (in the same manner and to the same extent as set forth in subdivision
(a) of this Section 2.4) the Company, each director of the Company, each officer
of  the  Company  and each other Person, if any, who controls the Company within
the  meaning  of  the  Securities  Act, with respect to any statement or alleged
statement  in  or omission or alleged omission from such registration statement,
any  preliminary  prospectus,  final  prospectus or summary prospectus contained
therein,  or  any  amendment or supplement thereto, if such statement or alleged
statement  or  omission  or  alleged  omission  was made in reliance upon and in
conformity  with  written  information  furnished  to  the  Company  through  an
instrument  duly executed by such Purchaser or other seller specifically stating
that  it  is  for  use  in  the  preparation  of  such  registration  statement,
preliminary  prospectus,  final  prospectus,  summary  prospectus,  amendment or
supplement.  This indemnity shall remain in full force and effect, regardless of
any  investigation  made  by  or  on behalf of the Company or any such director,
officer  or controlling person and shall survive the transfer of such securities
by  the  Purchaser  or  other  such  seller.

     (c)     Notices  of Claims, etc.  Promptly after receipt by an  indemnified
             -----------------------
party of  notice  of  the  commencement  of any action or proceeding involving a
claim  referred  to  in  the  preceding  subdivisions  of this Section 2.4, such
indemnified  party  will, if a claim in respect thereof is to be made against an
indemnifying  party,  give  written  notice to the latter of the commencement of
such  action,  provided that the failure of any indemnified party to give notice
as  provided  herein shall not relieve the indemnifying party of its obligations
under  the preceding subdivisions of this Section 2.4, except to the extent that
the indemnifying party is actually prejudiced by such failure to give notice. In

<PAGE>

case  any  such  action  is brought against an indemnified party, unless in such
indemnified  party's  reasonable  judgment  a  conflict of interest between such
indemnified  and  indemnifying  parties  may exist in respect of such claim, the
indemnifying party shall be entitled to participate in and to assume the defense
thereof,  jointly  with  any other indemnifying  party  similarly  notified,  to
the extent  that  the  indemnifying  party  may  wish,  with  counsel reasonably
satisfactory  to  such indemnified party, and after notice from the indemnifying
party  to  such  indemnified  party  of  its  election  so to assume the defense
thereof,  the  indemnifying  party shall not be liable to such indemnified party
for  any  legal  or  other  expenses  subsequently  incurred  by  the  latter in
connection with the defense thereof  other  than  reasonable  costs  of investi-
gation.  No  indemnifying  party shall, without the consent of  the  indemnified
party, consent to entry of any judgment or enter into any settlement of any such
action which does not include as an unconditional term thereof the giving by the
claimant or plaintiff to such indemnified party of a release from all liability,
or a covenant not to sue, in respect to such claim or litigation. No indemnified
party shall consent to entry of any judgment or enter into any settlement of any
such  action  the  defense  of  which  has been assumed by an indemnifying party
without  the  consent  of  such  indemnifying  party.

     (d)     Other  Indemnification.  Indemnification  similar to that specified
             ---------------------
in the preceding subdivisions of  this  Section  2.4  (with  appropriate modifi-
cations) shall be given by the Company and each seller of Registrable Securities
with  respect  to any required registration or other qualification of securities
under  any  Federal  or  state  law or regulation of any governmental authority,
other  than  the  Securities  Act.

     (e)     Indemnification  Payments.  The indemnification  required  by  this
             -------------------------
Section  2.4 shall be made by periodic payments of the amount thereof during the
course  of  the  investigation  or  defense,  as  and when bills are received or
expense,  loss,  damage  or  liability  is  incurred.

     (f)     Contribution.  If the indemnification provided for in the preceding
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subdivisions  of  this  Section  2.4  is  unavailable to an indemnified party in
respect  of  any  expense, loss, claim, damage or liability referred to therein,
then  each  indemnifying  party, in lieu of indemnifying such indemnified party,
shall  contribute  to  the amount paid or payable by such indemnified party as a
result  of such expense, loss, claim, damage or liability (i) in such proportion
as  is  appropriate  to reflect the relative benefits received by the Company on
the  one  hand  and  the  holder  on  the  other  from  the  distribution of the
Registrable Securities or (ii) if the allocation provided by clause (i) above is
not permitted by applicable law, in such proportion as is appropriate to reflect
not  only  the  relative  benefits  referred to in clause (i) above but also the
relative  fault of the Company on the one hand and of the holder  on  the  other
in  connection  with  the  statements  or  omissions  which  resulted  in   such
expense,  loss,  damage  or  liability,  as well as any other relevant equitable
considerations.  The  relative  benefits received by the Company on the one hand
and  the  holder  on  the  other  in  connection  with  the  distribution of the
Registrable Securities shall be deemed to be in the same proportion as the total
net  proceeds  received  by the Company from the initial sale of the Registrable
Securities  by  the Company to the Purchasers bear to the gain, if any, realized
by all selling holders participating in such offering. The relative fault of the
Company  on  the one hand and of the holder, on the other shall be determined by

<PAGE>

reference to, among other things, whether the untrue or alleged untrue statement
of  a  material fact or omission to state a material fact relates to information
supplied  by  the  Company  or  by  the holder and the parties' relative intent,
knowledge,  access  to  information  and  opportunity to correct or prevent such
statement  or omission, provided that the foregoing contribution agreement shall
not  inure  to  the benefit of any indemnified party if indemnification would be
unavailable  to  such indemnified party by reason of the provisions contained in
the first sentence of subdivision (a) of this Section 2.4, and in no event shall
the  obligation  of  any indemnifying party to contribute under this subdivision
(f)  exceed the amount that such indemnifying party would have been obligated to
pay  by  way  of  indemnification  if  the  indemnification  provided  for under
subdivisions (b) of this Section 2.4 had been available under the circumstances.

     The  Company  and the holders of Registrable Securities agree that it would
not  be just and equitable if contribution pursuant to this subdivision (f) were
determined  by  pro  rata  allocation  (even  if the holders were treated as one
entity for such purpose) or by any other method of allocation that does not take
account of the equitable considerations referred to in the immediately preceding
paragraph.  The  amount  paid  or payable by an indemnified party as a result of
the  losses,  claims,  damages  and  liabilities  referred to in the immediately
preceding  paragraph  shall be deemed to include, subject to the limitations set
forth  in  the  preceding  sentence and subdivision (c) of this Section 2.4, any
legal  or  other  expenses  reasonably  incurred  by  such  indemnified party in
connection  with  investigating  or  defending  any  such  action  or  claim.

     Notwithstanding  the  provisions  of  this  subdivision  (f),  no holder of
Registrable  Securities  shall be required to contribute any amount in excess of
the  amount  by  which the net proceeds received by such holder from the sale of
Registrable  Securities  exceeds  the amount of any damages that such holder has
otherwise  been  required  to  pay  by  reason  of such untrue or alleged untrue
statement or omission.  No Person guilty of fraudulent misrepresentation (within
the  meaning  of  Section  11(f)  of  the  Securities  Act) shall be entitled to
contribution  from  any  person  who  was  not  guilty  of  such  fraudulent
misrepresentation.

     3.     Definitions.  As used herein, unless the context otherwise requires,
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the  following  terms  have  the  following  respective  meanings:

"Commission":   The  Securities  and  Exchange  Commission  or any other Federal
agency  at  the  time  administering  the  Securities  Act.

"Common  Stock":  As  defined  in  Section  1.

"Company":  As  defined  in  the  introductory  paragraph  of  this  Agreement.

"Conversion  Shares":  As  defined  in  Section  1.

"Exchange  Act":  The Securities Exchange Act of 1934, as amended, and the rules
and  regulations  of  the  Commission  thereunder.

<PAGE>

"Notes":  As defined in Section 1, such term to include any securities issued in
substitution  of  or  in  addition  to  such  Notes.

"Person":  A  corporation,  association,  partnership,  organization,  business,
individual,  governmental  or  political  subdivision  thereof or a governmental
agency.

"Purchasers":  As  defined  in  the  introductory  paragraph  of this Agreement.

"Registrable  Securities":  The Securities and any securities issued or issuable
with  respect  to  such Securities by way of stock dividend or stock split or in
connection with a combination of shares, recapitalization, merger, consolidation
or  other  reorganization or otherwise.  Once issued such securities shall cease
to  be  Registrable Securities when (a) a registration statement with respect to
the sale of such securities shall have become effective under the Securities Act
and  such  securities  shall  have  been  disposed  of  in  accordance with such
registration  statement,  (b)  they  shall  have  been distributed to the public
pursuant  to Rule 144 (or any successor provision) under the Securities Act, (c)
they  shall  have  been  otherwise  transferred,  new  certificates for them not
bearing  a  legend restricting further transfer shall have been delivered by the
Company  and  subsequent  disposition  of them shall not require registration or
qualification  of them under the Securities Act or any similar state law then in
force,  (d)  they  shall have ceased to be outstanding, (e) on the expiration of
the  Registration  Maintenance  Period  or  (f)  any and all legends restricting
transfer  thereof  have  been  removed in accordance with the provisions of Rule
144(k)  (or  any  successor  provision)  under  the  Securities  Act.

"Registration  Expenses":  All expenses incident to  the  Company's  performance
of or  compliance  with  this  Agreement,  including,  without  limitation,  all
registration,  filing  and  listing  fees  (if  any),  all  fees and expenses of
complying with securities or blue sky laws, all word processing, duplicating and
printing  expenses,  messenger and delivery expenses, the fees and disbursements
of  counsel for the Company and of its independent public accountants, including
the  expenses  of any special audits required by or incident to such performance
and compliance, premiums and other costs of policies of insurance of the Company
against  liabilities  arising  out  of  the  public  offering of the Registrable
Securities  being  registered,  but  excluding  underwriting  discounts  and
commissions  and  transfer  taxes,  if  any.

"Registration  Maintenance  Period":  As  defined  in  Section  2.2(ii).

"Securities  Act":  The  Securities  Act  of 1933, as amended, and the rules and
regulations  of  the  Commission  thereunder.

"Securities  Purchase  Agreement":  As  defined  in  Section  1.

"Warrant  Shares":  As  defined  in  Section  1.

<PAGE>

     4.     Rule  144.  The Company shall timely file the reports required to be
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filed  by  it  under  the Securities Act and the Exchange Act (including but not
limited  to the reports under Sections 13 and 15(d) of the Exchange Act referred
to  in  subparagraph  (c)  of  Rule  144  adopted  by  the  Commission under the
Securities  Act)  and  the  rules  and  regulations  adopted  by  the Commission
thereunder  (or, if the Company is not required to file such reports, will, upon
the  request  of  any  holder of Registrable Securities, make publicly available
other  information)  and  will  take  such  further  action  as  any  holder  of
Registrable  Securities  may reasonably request, all to the extent required from
time  to  time  to  enable  such  holder  to sell Registrable Securities without
registration  under  the  Securities Act within the limitation of the exemptions
provided  by  (a) Rule 144 under the Securities Act, as such Rule may be amended
from  time  to  time, or (b) any similar rule or regulation hereafter adopted by
the  Commission.  Upon  the request of any holder of Registrable Securities, the
Company  will  deliver  to  such holder a written statement as to whether it has
complied  with  the  requirements  of  this  Section  4.

     5.     Amendments  and  Waivers.  This  Agreement  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 shall have obtained the
written  consent  to such amendment, action or omission to act, of the holder or
holders  of  the  sum  of  the  51%  or  more  of  the shares of (i) Registrable
Securities  issued  at such time, plus (ii) Registrable Securities issuable upon
exercise or conversion of the Securities then constituting derivative securities
(if such Securities were not fully exchanged or converted in full as of the date
such  consent is sought).  Each holder of any Registrable Securities at the time
or  thereafter  outstanding  shall  be  bound  by any consent authorized by this
Section  5, whether or not such Registrable Securities shall have been marked to
indicate  such  consent.

     6.     Nominees  for  Beneficial Owners.  In the event that any Registrable
            --------------------------------
Securities  are  held  by  a  nominee  for  the  beneficial  owner  thereof, the
beneficial  owner thereof may, at its election, be treated as the holder of such
Registrable Securities for purposes of any request or other action by any holder
or  holders  of  Registrable  Securities  pursuant  to  this  Agreement  or  any
determination  of  any  number or percentage of shares of Registrable Securities
held  by  any  holder  or holders of Registrable Securities contemplated by this
Agreement.  If the beneficial owner of any Registrable Securities so elects, the
Company  may  require  assurances  reasonably satisfactory to it of such owner's
beneficial  ownership  of  such  Registrable  Securities.

     7.     Notices.  Except  as  otherwise  provided  in  this  Agreement,  all
            -------
notices,  requests and other communications to any Person provided for hereunder
shall be in writing and shall be given to such Person (a) in the case of a party
hereto  other  than the Company, addressed to such party in the manner set forth
in  the  Securities  Purchase  Agreement  or at such other address as such party
shall  have furnished to the Company in writing, or (b) in the case of any other
holder  of  Registrable  Securities,  at the address that such holder shall have
furnished  to  the  Company  in  writing,  or,  until  any  such other holder so
furnishes  to  the  Company  an  address, then to and at the address of the last
holder  of  such  Registrable  Securities  who  has  furnished an address to the
Company,  or  (c)  in  the  case of the Company, at the address set forth on the
signature  page  hereto,  to  the  attention  of its President, or at such other
address,  or  to  the attention of such other officer, as the Company shall have
furnished  to  each  holder  of  Registrable Securities at the time outstanding.
Each such notice, request or other communication shall be effective (i) if given
by  mail, 72 hours after such communication is deposited in the mails with first
class  postage  prepaid,  addressed  as  aforesaid or (ii) if given by any other
means  (including, without limitation, by fax or air courier), when delivered at
the  address  specified  above,  provided  that  any  such  notice,  request  or
communication  shall  not  be  effective  until  received.

<PAGE>

     8.     Assignment.  This  Agreement  shall be binding upon and inure to the
            ----------
benefit  of  and be enforceable by the parties hereto.  In addition, and whether
or  not  any  express  assignment  shall  have been made, the provisions of this
Agreement which are for the benefit of the parties hereto other than the Company
shall also be for the benefit of and enforceable by any subsequent holder of any
Registrable  Securities.  Each  of  the  Holders  of  the Registrable Securities
agrees,  by  accepting  any portion of the Registrable Securities after the date
hereof,  to  the  provisions  of  this  Agreement including, without limitation,
appointment  of  the  Sellers'  Representative  to  act on behalf of such Holder
pursuant  to the terms hereof which such actions shall be made in the good faith
discretion  of the Sellers' Representative and be binding on all persons for all
purposes.

     9.     Descriptive  Headings.  The  descriptive  headings  of  the  several
            ---------------------
sections  and  paragraphs  of this Agreement are inserted for reference only and
shall  not  limit  or  otherwise  affect  the  meaning  hereof.

     10.     GOVERNING  LAW.  THIS  AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN
             --------------
ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAWS OF
THE  STATE  OF FLORIDA WITHOUT REFERENCE TO THE PRINCIPLES OF CONFLICTS OF LAWS.

     11.     Counterparts.  This  Agreement may be executed by facsimile and may
             ------------
be  signed  simultaneously in any number of counterparts, each of which shall be
deemed  an original, but all such counterparts shall together constitute one and
the  same  instrument.

     12.     Entire Agreement.  This Agreement embodies the entire agreement and
             ----------------
understanding  between  the  Company and each other party hereto relating to the
subject  matter  hereof  and  supersedes all prior agreements and understandings
relating  to  such  subject  matter.

     13.     Severability.  If  any  provision  of  this  Agreement,  or  the
             ------------
application  of  such  provisions  to  any Person or circumstance, shall be held
invalid,  the  remainder of this Agreement, or the application of such provision
to  Persons or circumstances other than those to which it is held invalid, shall
not  be  affected  thereby.

                            [Signature Page Follows]

<PAGE>
     IN  WITNESS  WHEREOF, the parties have caused this Agreement to be executed
and  delivered  by their respective officers thereunto duly authorized as of the
date  first  above  written.

     E-REX,  INC.

     By:    /s/  Carl  Dilley
            -----------------
     Name:  Carl  Dilley
            ------------
     Title: President
            ---------

     PURCHASERS:

            /s/  Auxiliarius  Fortunare  LLC
            --------------------------------
     Print  Name:     Kyle  G.  Kennedy
                      -----------------

                [Signature page to Registration Rights Agreement]ESCROW AGREEMENT

          AGREEMENT, dated as of October 14, 2002, by and between E-Rex, Inc., a
Nevada corporation ("E-Rex" or the "Company"), the Purchasers listed on Schedule
                                                                        --------
I  attached  hereto (each a "Purchaser" and collectively, the "Purchasers"), and
The  Lebrecht  Group,  APLC (the "Agent").  Each of the Company, the Purchasers,
and  Agent  shall be referred to as a "Party" and collectively as the "Parties."

I.     Escrow

     1.01     Appointment  and  Acknowledgment of Escrow Agent.  The Company and
each  of the Purchasers hereby appoint the Agent, and the Agent hereby agrees to
serve,  as  Escrow  Agent  pursuant  to  the terms of this Agreement.  The Agent
acknowledges  receipt  of  the  following:

     (a)     from  the  Company:

          (i)  a  fully  executed  copy  of  the  Securities Purchase Agreement,
     Warrant  Agreement,  Registration  Rights Agreement, Officer's Certificate,
     each  of  the  Convertible  Notes  referenced  in  the  Securities Purchase
     Agreement,  and Resolution of the Directors of the Company addressed to the
     Transfer  Agent,  each  of  even  date  herewith;

          (ii) Upon effectiveness of a registration statement as contemplated by
     the  Securities  Purchase  Agreement and the Registration Rights Agreement,
     the  Company  shall  cause to be deposited with the Agent an aggregate of 1
     month's  worth of conversion shares of Company common stock, issued without
     restrictive  legend  (the  "Shares");

          (iii)  Within  three  (3)  business days of a conversion of all or any
     portion  of  the  Convertible  Notes,  or  upon  the exercise of all or any
     portion  of  the Warrants, the Company shall cause to be deposited with the
     Agent  that  number  of  shares  of  Company  common  stock, issued without
     restrictive  legend, as shall have been distributed from this Escrow by the
     Agent  upon  said  conversion  or  exercise.
     (b)     from  each  of  the  Purchasers:

          (iv) a  fully  executed  copy  of  the  Securities Purchase Agreement,
     Registration Rights Agreement, and each of the Convertible Notes referenced
     in  the  Securities  Purchase  Agreement,  each  of  even  date  herewith.

<PAGE>

     The  properties  described in Sections 1.01(a) and 1.01(b) collectively are
referred  to  as  the  "Escrowed  Property."  If  the Escrowed Property includes
property  on  which dividends are paid, on which interest is earned, or to which
other  accretions  are  added,  then  the  Escrowed  Property shall include such
dividends, interest, or accretions.  If the Escrowed Property consists of stock,
the Agent shall exercise all rights and privileges of a stockholder with respect
to  the  shares  deposited  and  held  pursuant  to  this  Agreement.

     1.02     Operation  of  Escrow.

     The  Parties  hereto  agree  that the escrow created by this Agreement (the
"Escrow")  shall  operate  as  follows:

     (a)     Upon  receipt  of  the  Shares,  the  Agent  shall open a brokerage
account  at  Spartan  Securities  Group,  Inc.,  in the name of Agent, and shall
deposit  the  Shares  into  said account for distribution in accordance with the
terms  of  this  Agreement.

     (b)     Upon  receipt  of  a Notice of Conversion of any of the Convertible
Notes, or upon receipt of a Notice of Exercise of any of the Warrants, the Agent
shall,  within  twenty four (24) business hours, (i) confirm the calculations of
the  number  of  shares  to be delivered pursuant to the Notice of Conversion or
Exercise,  (ii)  deliver  to  the  Company a copy of the Notice of Conversion or
Exercise,  and  (iii)  deliver  to  the Purchaser or Purchaser(s) submitting the
Notice of Conversion or Exercise, that number of Shares called for in the Notice
of  Conversion  or  Exercise.  In  the  event the Agent is unable to confirm the
calculations  as  set  forth  in  (i)  above,  the  Agent  may  ask  for written
confirmation  from both the Company and the Purchaser of the number of Shares to
be  released.  If  written  confirmation is not received by both the Company and
the  Purchaser  within  forty eight (48) hours of the request by the Agent, then
the Agent shall hold all of the Shares until the Parties resolve the discrepancy
pursuant  to  Section  1.03(f)  of  this  Agreement.

     (c)     On  the  earlier  of (i) the date which is thirty (30) months  from
the  date  of  this Agreement, or (ii) upon receipt of written instructions from
both  the  Company  and  each  of the Purchasers, the Agent shall release to the
Company  those  Shares  not  otherwise  distributed.

     1.03     Further  Provisions  Relating  to  the  Escrow.

     (a)     Distributions  by  the  Agent  in  accordance  with  the  terms  of
this  Agreement  shall  operate to divest all right, title, interest, claim, and
demand,  either  at law or in equity, of any party to this Agreement (other than
the  distributee)  in  and  to  the Escrowed Property distributed and shall be a
perpetual  bar  both  at  law  and  in  equity  with respect to such distributed
Escrowed  Property  against the Parties to this Agreement and against any person
claiming  or  attempting  to  claim  such  distributed  escrowed  property from,
through,  or  under  such  party.

     (b)     The  Company  agrees  to  reimburse  the  Agent  for  the   Agent's
reasonable  fees and other expenses (including legal fees and expenses) incurred
by  the  Agent  in  connection  with  its  duties  hereunder.

<PAGE>

     (c)     The Company and each of  the  Purchasers,  jointly  and  severally,
agree to indemnify and hold harmless the Agent against and in respect of any and
all  claims,  suits,  actions, proceedings (formal or informal), investigations,
judgments,  deficiencies, damages, settlements, liabilities, and legal and other
expenses  (including  legal counsel fees and expenses of attorneys chosen by the
Agent)  as  and when incurred and whether or not involving a third party arising
out of or based upon any act, omissions, alleged act, or alleged omission by the
Agent  or  any other cause, in any case in connection with the acceptance of, or
the  performance  or  nonperformance  by the Agent of, any of the Agent's duties
under  this  Agreement,  except  as  a  result of the Agent's bad faith or gross
negligence.  The  Agent  shall be fully protected by acting in reliance upon any
notice, advice, direction, other document, or signature believed by the Agent to
be genuine, by assuming that any person purporting to give the Agent any notice,
advice,  direction,  or other document in accordance with the provisions hereof,
in  connection  with  this  Agreement,  or in connection with the Agent's duties
under this Agreement, has been duly authorized so to do, or by acting or failing
to  act  in good faith on the advice of any counsel retained by the Agent, which
may  be  The Lebrecht Group, APLC.  The Purchasers acknowledge that The Lebrecht
Group,  APLC  acts  as  counsel to the Company and may continue to serve in that
capacity,  and  neither  anything  contained  herein,  the execution or delivery
hereof  by  the  Agent, nor the performance by the Agent of its duties hereunder
shall  in  any  way  affect or require termination of such relationship with the
Company.  The agent shall not be liable for any mistake of fact or of law or any
error  of  judgment,  or  for any act or any omission, except as a result of the
Agent's  bad  faith  or  gross  negligence.  If  any of the Escrowed Property is
represented  by  stock  certificates, the Agent shall not be liable if the Agent
submits  all  or  a  portion  of the Escrowed Property to be broken into smaller
denominations  to  the appropriate transfer agent, and such transfer agent fails
to return properly that portion of the Escrowed Property to the Agent which such
transfer  agent  was  instructed  to  return.

     (d)     The  Agent  makes  no  representation  as  to  the validity, value,
genuineness,  or  the  collectibility  of  any  security  or  other  document or
instrument  held  by  or  delivered  to  the  Agent.

     (e)     The Agent  shall  have  no  duties or responsibilities except those
expressly  set forth herein. The Parties hereto agree that the Agent will not be
be called  upon  to  construe any contract or instrument. The Agent shall not be
bound  by  any  notice of a claim,  or  demand  with  respect  thereto,  or  any
waiver,  modification, amendment, termination, cancellation, or revision of this
Agreement, unless in writing and signed by the other Parties hereto and received
by  the Agent and, if the Agent's duties as Escrow Agent hereunder are affected,
unless  the  Agent shall have given its prior written consent thereto. The Agent
shall  not  be  bound  by any assignment by the Company or the Purchasers of its
rights  hereunder  unless  the  Agent shall have received written notice thereof
from  the assignor. The Agent is authorized to comply with and obey laws, rules,
regulations,  orders,  judgments,  and  decrees  of  any governmental authority,
court,  or  other  tribunal.  If  the  Agent  complies  with any such law, rule,
regulation,  order, judgment, or decree, the Agent shall not be liable to any of
the  Parties  hereto  or  to  any  other  person  even if such law, rule, order,
regulation,  judgment,  or  decree is subsequently reversed, modified, annulled,
set aside, vacated, found to have been entered without jurisdiction, or found to
be  in  violation  of  or  beyond  the  scope  of  a  constitution  or  a  law.

<PAGE>

     (f)     If the Agent  shall be uncertain as to the Agent's duties or rights
rights hereunder, shall receive any notice, advice, direction, or other document
from any other party with respect to the Escrowed Property which, in the Agent's
opinion,  is in conflict with any of the provisions of this Agreement, or should
be  advised that a dispute has arisen with respect to the payment, ownership, or
right  of  possession  of  the  Escrowed  Property  or  any part thereof, or the
property  to  be  exchanged  for  the  Escrowed Property (or as to the delivery,
non-delivery,  or  content of any notice, advice, direction, or other document),
the Agent shall be entitled, without liability to anyone, to refrain from taking
any  action  other than to use the Agent's reasonable efforts to keep safely the
Escrowed Property until the Agent shall be directed otherwise in writing by both
other Parties hereto or by an order, decree, or judgment of a court of competent
jurisdiction which has been finally affirmed on appeal or which by lapse of time
or  otherwise is no longer subject to appeal (a "Final Judgment"), but the Agent
shall  be  under  no duty to institute or to defend any proceeding, although the
Agent  may,  in  the  Agent's  discretion  and  at the expense of the Company as
provided  in  Section  1.03(c),  institute  or  defend  such  proceedings.

     (g)     The  Agent  (and any successor escrow agent or agents) reserves the
right  to  resign  as  the Escrow Agent at any time, provided fifteen (15) days'
prior  written notice is given to the other Parties hereto, and provided further
that  a  mutually  acceptable  successor  Escrow  Agent(s)  is named within such
fifteen  (15)  day period.  The Agent may, but is not obligated to, petition any
court  in  the  State of California having jurisdiction to designate a successor
Escrow  Agent.  The  resignation of the Agent (and any successor escrow agent or
agents)  shall  be  effective only upon delivery of the Escrowed Property to the
successor  escrow agent(s).  The Parties reserve the right to jointly remove the
Escrow  Agent  at  any time, provided fifteen (15) days' prior written notice is
given  to the Escrow Agent.  If no successor Escrow Agent has been appointed and
has  accepted the Escrowed Property within fifteen (15) days after the Notice is
sent,  all  responsibilities  of the Agent hereunder shall, nevertheless, cease.
The  Agent's  sole  responsibility  thereafter  shall  be  to  use  the  Agent's
reasonable  efforts  to  keep  safely  the  Escrowed Property and to deliver the
Escrowed  Property  as  may  be directed in writing by both of the other Parties
hereto  or  by  a  Final Judgment.  Except as set forth in this Section 1.03(g),
this  Agreement shall not otherwise be assignable by the Agent without the prior
written  consent  of  the  other  Parties  hereto.

     (h)     The Company and the Purchasers authorize the Agent, if the Agent is
threatened  with  litigation or is sued, to interplead all interested parties in
any  court  of  competent jurisdiction and to deposit the Escrowed Property with
the  clerk  of  that  court.

     (i)     The Agent's responsibilities and liabilities hereunder, except as a
result of the Agent's own bad faith or gross negligence, will terminate upon the
delivery  by  the Agent of all the Escrowed Property under any provision of this
Agreement.

     (j)     As consideration for acting as escrow agent hereunder, the  Company
shall pay,  in advance and as a condition precedent to the establishment of  the
Escrow  pursuant  to  the  terms  of this Agreement, a fee to the Agent equal to
$5,000.00.  This  fee  shall  be deemed to have been earned in full by the Agent
upon  establishment  of  the  Escrow,  and shall not be subject to pro-ration or
other  setoff  in  the  event  the  Escrow  is  terminated  by  any  Party.

<PAGE>

II.     Miscellaneous

     2.01     Further  Action.

     At  any  time  and  from  time to time, the Company and the Purchasers each
agrees, at its own expense, to take such actions and to execute and deliver such
documents  as  may  be  reasonably  necessary  to  effectuate  the  purposes  of
this Agreement.  If  any  portion  of  the  Escrowed  Property consists of stock
certificates,  the Company shall pay any transfer tax arising out of the placing
of  the Escrowed Property into the Escrow, the delivery of the Escrowed Property
out of the Escrow, or the transfer of the Escrowed Property into the name of any
person  or entity pursuant to the terms of this Agreement.  The Agent shall have
no  liability regarding transfer taxes even if one or both of the Parties hereto
fails  to  comply  with  the  obligations  set  forth  in  the  prior  sentence.

     2.02     Survival.

     Subject to Section 1.03(i), the covenants, agreements, representations, and
warranties  contained  in  or  made  pursuant  to  this  Agreement shall survive
the delivery  by  the  Agent  of  the  Escrowed  Property,  irrespective  of any
investigation  made  by  or  on  behalf  of  any  Party.

     2.03     Modification.

     This  Agreement  sets  forth  the  entire understanding of the Parties with
respect  to  the subject matter hereof, supersedes all existing agreements among
them  concerning  such  subject  matter, and (subject to Section 1.03(e)) may be
modified  only  by  a  written  instrument  duly  executed  by  each  Party.

     2.04     Notices.

     Any  notice, advice, direction, or other document or communication required
or  permitted  to  be given hereunder shall be in writing and shall be mailed by
certified  mail,  return receipt requested, or by Federal Express, Express Mail,
or  similar  overnight delivery or courier service or delivered (in person or by
facsimile)  against receipt to the Party to whom it is to be given at address of
such  Party  set  forth  below (or to such other address as the Party shall have
furnished  in  writing  in  accordance with the provisions of this Section 2.04)
with  a  copy  to  each  of  the  other  Parties  hereto:

     If  to  the  Company:     E-Rex,  Inc.
                               11645  Biscayne  Boulevard,  Suite  21
                               Miami,  FL  33181
                               Facsimile  (305)  895-1400
                               Attn:  Carl  Dilley,  President

<PAGE>

     If  to  Purchasers:
                               Auxiliarius  Fortunare  LLC
                               18830  Rue  Loire
                               Lutz,  FL  33558

     If  to  Agent:            The  Lebrecht  Group,  APLC
                               22342  Avenida  Empresa,  Suite  230
                               Rancho  Santa  Margarita,  CA  92688
                               Attn:  Brian  A.  Lebrecht,  Esq.
                               Facsimile  (949)  635-1244

     Any  notice, advice, direction, or other document or communication given by
certified mail shall be deemed given at the time of receipt thereof.  Any notice
given by other means permitted by this Section 2.04 shall be deemed given at the
time  of  receipt  thereof.

     2.05     Waiver.

     Any  waiver  by  any  Party  of a breach of any provision of this Agreement
shall  not operate as or be construed to be a waiver of any other breach of that
provision  or  of  any  breach  of  any  other provision of this Agreement.  The
failure of a Party to insist upon strict adherence to any term of this Agreement
on  one or more occasions shall not be considered a waiver or deprive that Party
of  the  right  thereafter  to  insist upon strict adherence to that term or any
other  term  of  this  Agreement.  Any  waiver  must  be  in  writing.

     2.06     Binding  Effect.

     Subject  to  Section  1.03(g),  the  provisions  of this Agreement shall be
binding  upon  and  inure  to  the benefit of the Company and the Purchasers and
their  respective  assigns,  heirs,  and  personal representatives, and shall be
binding  upon  and insure to the benefit of the Agent and the Agent's successors
and  assigns.

     2.07     No  Third  Party  Beneficiaries.

     This Agreement does not create, and shall not be construed as creating, any
rights  enforceable  by  any  person  not  a  party to this Agreement (except as
provided  in  Section  2.06).

     2.08     Jurisdiction.

     The Parties hereby irrevocably consent to the jurisdiction of the courts of
the  State  of  California  and  of  any  federal court located in such State in
connection  with  any  action  or  proceeding arising out of or relating to this
Agreement, and document or instrument delivered pursuant to, in connection with,
or simultaneously with this Agreement, a breach of this Agreement or of any such
document  or  instrument,  or  the  Escrowed  Property.

<PAGE>

     2.09     Separability.

     This  entire  Agreement  shall  be  void if any provision of this Agreement
other  than  the second and third sentences of Section 2.11 is invalid, illegal,
unenforceable,  or  inapplicable  to  any  person or circumstance to which it is
intended  to  be  applicable,  except  that the provisions of Section 1.03 shall
survive.

     2.10     Headings.

     The  headings in this Agreement are solely for convenience of reference and
shall  be  given  no  effect  in  the  construction  or  interpretation  of this
Agreement.

     2.11     Counterparts;  Governing  Law.

     This Agreement may be executed in any number of counterparts, each of which
shall  be deemed an original, but all of which together shall constitute one and
the  same  instrument.  It shall be governed by and construed in accordance with
the  laws  of the State of California without giving effect to conflict of laws.
Any  action, suit, or proceeding arising out of, based on, or in connection with
this  Agreement, any document or instrument delivered pursuant to, in connection
with, or simultaneously with this Agreement, any breach of this Agreement or any
such  document  or instrument, or any transaction contemplated hereby or thereby
may  be  brought only in the appropriate court in Orange County, California, and
each  Party  covenants and agrees not to assert, by way of motion, as a defense,
or otherwise, in any such action, suit, or proceeding, any claim that such Party
is  not  subject personally to the jurisdiction of such court, that such Party's
property  is  exempt  or  immune  from attachment or execution, that the action,
suit,  or  proceeding is brought in an inconvenient forum, that the venue of the
action,  suit,  or proceeding is improper, or that this Agreement or the subject
matter  hereof  may  not  be  enforced  in  or  by  such  court.

     IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the
date  first  written  above.

"Company"                                 "Purchasers"

E-Rex,  Inc.                              Auxiliarius  Fortunare  LLC

/s/  Carl  Dilley                         /s/  Kyle  G.  Kennedy
-----------------                         ----------------------
President                                 President

"Agent"

The  Lebrecht  Group,  APLC

/s/  Brian  A.  Lebrecht
------------------------
By:     Brian  A.  Lebrecht
Its:     President

<PAGE>

                                   SCHEDULE I
                                   ----------

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