Document:

Exhibit 10.3   Amended 2004 Employee Stock Award Plan

                    Aztec Communications Group, Inc.
                   2004 DIRECTORS, OFFICERS AND CONSULTANTS
               STOCK OPTION, STOCK WARRANT AND STOCK AWARD PLAN

SECTION 1.  PURPOSE OF THE PLAN.  The purpose of the 2004 Directors, Officers
and Consultants Stock Option, Stock Warrant and Stock Award Plan ("Plan") is
to maintain the ability of Aztec Communications Group, Inc., a Nevada
corporation (the "Company") and its subsidiaries to attract and retain
highly qualified and experienced directors, employees and consultants and to
give such directors, employees and consultants a continued proprietary
interest in the success of the Company and its subsidiaries.  In addition
the Plan is intended to encourage ownership of common stock, $.001 par
value ("Common Stock"), of the Company by the directors, employees and
consultants of the Company and its Affiliates (as defined below) and to
provide increased incentive for such persons to render services and to
exert maximum effort for the success of the Company's business.  The Plan
provides eligible employees and consultants the opportunity to participate
in the enhancement of shareholder value by the grants of warrants, options,
restricted common or convertible preferred stock, unrestricted common or
convertible preferred stock and other awards under this Plan and to have
their bonuses and/or consulting fees payable in warrants, restricted
common or convertible preferred stock, unrestricted common or convertible
preferred stock and other awards, or any combination thereof.  In addition,
the Company expects that the Plan will further strengthen the
identification of the directors, employees and consultants with the
stockholders.  Certain options and warrants to be granted under this Plan
are intended to qualify as Incentive Stock Options ("ISOs") pursuant to
Section 422 of the Internal Revenue Code of 1986, as amended ("Code"),
while other options and warrants and preferred stock granted under this
Plan will be nonqualified options or warrants which are not intended to
qualify as ISOs ("Nonqualified Options"), either or both as provided in
the agreements evidencing the options or warrants described in Section
5 hereof and shares of preferred stock. As provided in the designation
described in Section 7.  Employees, consultants and directors who
participate or become eligible to participate in this Plan from time to
time are referred to collectively herein as "Participants".  As used in
this Plan, the term "Affiliates" means any "parent corporation" of the
Company and any "subsidiary corporation" of the Company within the
meaning of Code Sections 424(e) and (f), respectively.

SECTION 2.  ADMINISTRATION OF THE PLAN.

(a) Composition of Committee.  The Plan shall be administered by the
Board of Directors of the Company (the "Board").  When acting  in such
capacity the Board is herein referred to as the "Committee," which
shall also designate the Chairman of the Committee.  If the Company
is governed by Rule 16b-3 promulgated by the Securities and Exchange
Commission ("Commission") pursuant to the Securities Exchange Act of
1934, as amended ("Exchange Act"), no director shall serve as a member
of the Committee unless he or she is a "disinterested person" within
the meaning of such Rule 16b-3.

(b) Committee Action.  The Committee shall hold its meetings at such
times and places as it may determine.  A majority of its members shall
constitute a quorum, and all determinations of the Committee shall be
made by not less than a majority of its members.  Any decision or
determination reduced to writing and signed by a majority of the
members shall be fully as effective as if it had been made by a
majority vote of its members at a meeting duly called and held.  The
Committee may designate the Secretary of the Company or other Company
employees to assist the Committee in the administration of the Plan,
and may grant authority to such persons to execute award agreements
or other documents on behalf of the Committee and the Company.  Any
duly constituted committee of the Board satisfying the qualifications
of this Section 2 may be appointed as the Committee.

(c) Committee Expenses.  All expenses and liabilities incurred by
the Committee in the administration of the Plan shall be borne by the
Company.  The Committee may employ attorneys, consultants, accountants
or other persons.

SECTION 3.  STOCK RESERVED FOR THE PLAN.  Subject to adjustment as
provided in Section 5(d)(xiii) hereof, the aggregate number of shares
that may be optioned, subject to conversion or issued under the Plan
is 15,000,000 shares of Common Stock, warrants, options, preferred
stock or any combination thereof.  The shares subject to the Plan
shall consist of authorized but unissued shares of Common Stock and
such number of shares shall be and is hereby reserved for sale for
such purpose.  Any of such shares which may remain unsold and which
are not subject to issuance upon exercise of outstanding options or
warrants or conversion of outstanding shares of preferred stock at
the termination of the Plan shall cease to be reserved for the
purpose of the Plan, but until termination of the Plan or the
termination of the last of the options or warrants granted under
the Plan, whichever last occurs, the Company shall at all times
reserve a sufficient number of shares to meet the requirements of
the Plan.  Should any option or warrant expire or be cancelled prior
to its exercise in full, the shares theretofore subject to such
option or warrant may again be made subject to an option, warrant
or shares of convertible preferred stock under the Plan.

Immediately upon the grant of any option, warrant, shares of
preferred stock or award, the number of shares of Common Stock that
may be issued or optioned under the Plan will be increased.  The
number of shares of such increase shall be an amount such that
immediately after such increase the total number of shares issuable
under the Plan and reserved for issuance upon exercise of
outstanding options, warrants or conversion of shares of preferred
stock will equal 15% of the total number of issued and outstanding
shares of Common Stock of the Company.  Such increase in the number
of shares subject to the Plan shall occur without the necessity of
any further corporate action of any kind or character.

SECTION 4.  ELIGIBILITY.  The Participants shall include directors,
employees, including officers, of the Company and its divisions and
subsidiaries, and consultants and attorneys who provide bona fide
services to the Company.  Participants are eligible to be granted
warrants, options, restricted common or convertible preferred stock,
unrestricted common or convertible preferred stock and other awards
under this Plan and to have their bonuses and/or consulting fees
payable in warrants, restricted common or convertible preferred
stock, unrestricted common or convertible preferred stock and other
awards.  A Participant who has been granted an option, warrant or
preferred stock hereunder may be granted an additional option,
warrant options, warrants or preferred stock, if the Committee
shall so determine.

SECTION 5.  GRANT OF OPTIONS OR WARRANTS.

(a) Committee Discretion.  The Committee shall have sole and absolute
discretionary authority (i) to determine, authorize, and designate
those persons pursuant to this Plan who are to receive warrants,
options, restricted common or convertible preferred stock, or
unrestricted common or convertible preferred stock under the Plan,
(ii) to determine the number of shares of Common Stock to be covered
by such grant or such options or warrants and the terms thereof,
(iii) to determine the type of Common Stock granted: restricted
common or convertible preferred stock, unrestricted common or
convertible preferred stock or a combination of restricted and
unrestricted common or convertible preferred stock, and (iv) to
determine the type of option or warrant granted: ISO, Nonqualified
Option or a combination of ISO and Nonqualified Options.  The
Committee shall thereupon grant options or warrants in accordance
with such determinations as evidenced by a written option or warrant
agreement.  Subject to the express provisions of the Plan, the
Committee shall have discretionary authority to prescribe, amend
and rescind rules and regulations relating to the Plan, to
interpret the Plan, to prescribe and amend the terms of the option
or warrant agreements (which need not be identical) and to make all
other determinations deemed necessary or advisable for the
administration of the Plan.

(b) Stockholder Approval.  All ISOs granted under this Plan are
subject to, and may not be exercised before, the approval of this
Plan by the stockholders prior to the first anniversary date of
the Board meeting held to approve the Plan, by the affirmative
vote of the holders of a majority of the outstanding shares of
the Company present, or represented by proxy, and entitled to
vote thereat, or by written consent in accordance with the laws
of the State of Nevada, provided that if such approval by the
stockholders of the Company is not forthcoming, all options or
warrants and stock awards previously granted under this Plan other
than ISOs shall be valid in all respects.

(c) Limitation on Incentive Stock Options and Warrants.  The
aggregate fair market value (determined in accordance with
Section 5(d)(ii) of this Plan at the time the option or warrant
is granted) of the Common Stock with respect to which ISOs may
be exercisable for the first time by any Participant during any
calendar year under all such plans of the Company and its Affiliates
shall not exceed $3,000,000.

(d) Terms and Conditions.  Each option or warrant granted under
the Plan shall be evidenced by an agreement, in a form approved
by the Committee, which shall be subject to the following express
terms and conditions and to such other terms and conditions as
the Committee may deem appropriate:

   (i) Option or Warrant Period.  The Committee shall promptly
notify the Participant of the option or warrant grant and a written
agreement shall promptly be executed and delivered by and on
behalf of the Company and the Participant, provided that the
option or warrant grant shall expire if a written agreement is
not signed by said Participant (or his agent or attorney) and
returned to the Company within 60 days from date of receipt by
the Participant of such agreement.  The date of grant shall be
the date the option or warrant is actually granted by the
Committee, even though the written agreement may be executed and
delivered by the Company and the Participant after that date.
Each option or warrant agreement shall specify the period for
which the option or warrant thereunder is granted (which in no
event shall exceed ten years from the date of grant) and shall
provide that the option or warrant shall expire at the end of such
period.  If the original term of an option or warrant is less than
ten years from the date of grant, the option or warrant may be
amended prior to its expiration, with the approval of the
Committee and the Participant, to extend the term so that the
term as amended is not more than ten years from the date of grant.
However, in the case of an ISO granted to an individual who, at
the time of grant, owns stock possessing more than 10 percent of
the total combined voting power of all classes of stock of the
Company or its Affiliate ("Ten Percent Stockholder"), such period
shall not exceed five years from the date of grant.

   (ii) Option or Warrant Price.  The purchase price of each share
of Common Stock subject to each option or warrant granted pursuant
to the Plan shall be determined by the Committee at the time the
option or warrant is granted and, in the case of ISOs, shall not
be less than 100% of the fair market value of a share of Common
Stock on the date the option or warrant is granted, as determined
by the Committee.  In the case of an ISO granted to a Ten Percent
Stockholder, the option or warrant price shall not be less than
110% of the fair market value of a share of Common Stock on the
date the option or warrant is granted.  The purchase price of
each share of Common Stock subject to a Nonqualified Option or
Warrant under this Plan shall be determined by the Committee
prior to granting the option or warrant.  The Committee shall
set the purchase price for each share subject to a Nonqualified
Option or Warrant at either the fair market value of each share
on the date the option or warrant is granted, or at such other
price as the Committee in its sole discretion shall determine.

At the time a determination of the fair market value of a share
of Common Stock is required to be made hereunder, the determination
of its fair market value shall be made by the Committee in such
manner as it deems appropriate.

   (iii) Exercise Period.  The Committee may provide in the option
or warrant agreement that an option or warrant may be exercised in
whole, immediately, or is to be exercisable in increments.  In
addition, the Committee may provide that the exercise of all or
part of an option or warrant is subject to specified performance
by the Participant.

   (iv) Procedure for Exercise.  Options or warrants shall be
exercised in the manner specified in the option or warrant agreement.
The notice of exercise shall specify the address to which the
certificates for such shares are to be mailed.  A Participant shall
be deemed to be a stockholder with respect to shares covered by an
option or warrant on the date specified in the option or warrant
agreement.  As promptly as practicable, the Company shall deliver to
the Participant or other holder of the warrant, certificates for the
number of shares with respect to which such option or warrant has
been so exercised, issued in the holder's name or such other name
as holder directs; provided, however, that such delivery shall be
deemed effected for all purposes when a stock transfer agent of the
Company shall have deposited such certificates with a carrier for
overnight delivery, addressed to the holder at the address
specified pursuant to this Section 6(d).

   (v) Termination of Employment.  If an executive officer to whom
an option or warrant is granted ceases to be employed by the Company
for any reason other than death or disability, any option or
warrant which is exercisable on the date of such termination of
employment may be exercised during a period beginning on such
date and ending at the time set forth in the option or warrant
agreement; provided, however, that if a Participant's employment
is terminated because of the Participant's theft or embezzlement
from the Company, disclosure of trade secrets of the Company or
the commission of a willful, felonious act while in the employment
of the Company (such reasons shall hereinafter be collectively
referred to as "for cause"), then any option or warrant or
unexercised portion thereof granted to said Participant shall
expire upon such termination of employment.  Notwithstanding the
foregoing, no ISO may be exercised later than three months after
an employee's termination of employment for any reason other than
death or disability.

   (vi) Disability or Death of Participant.  In the event of the
determination of disability or death of a Participant under the
Plan while he or she is employed by the Company, the options or
warrants previously granted to him may be exercised (to the
extent he or she would have been entitled to do so at the date
of the determination of disability or death) at any time and from
time to time, within a period beginning on the date of such
determination of disability or death and ending at the time set
forth in the option or warrant agreement, by the former employee,
The guardian of his estate, the executor or administrator of his
estate or by the person or persons to whom his rights under the
option or warrant shall pass by will or the laws of descent and
distribution, but in no event may the option or warrant be
exercised after its expiration under the terms of the option or
warrant agreement.  Notwithstanding the foregoing, no ISO may
be exercised later than one year after the determination of
disability or death.  A Participant shall be deemed to be
disabled if, in the opinion of a physician selected by the
Committee, he or she is incapable of performing services for the
Company of the kind he or she was performing at the time the
disability occurred by reason of any medically determinable
physical or mental impairment which can be expected to result
in death or to be of long, continued and indefinite duration.
The date of determination of disability for purposes hereof
shall be the date of such determination by such physician.

   (vii) Assignability.  An option or warrant shall be
assignable or otherwise transferable, in whole or in part, by
a Participant as provided in the option, warrant or designation
of the series of preferred stock.

   (viii) Incentive Stock Options.  Each option or warrant
agreement may contain such terms and provisions as the Committee
may determine to be necessary or desirable in order to qualify
an option or warrant designated as an incentive stock option.

   (ix) Restricted Stock Awards.  Awards of restricted stock
under this Plan shall be subject to all the applicable
provisions of this Plan, including the following terms and
conditions, and to such other terms and conditions not
inconsistent therewith, as the Committee shall determine:

      (A) Awards of restricted stock may be in addition to or in
lieu of option or warrant grants.  Awards may be conditioned on
the attainment of particular performance goals based on criteria
established by the Committee at the time of each award of
restricted stock. During a period set forth in the agreement
(the "Restriction Period"), the recipient shall not be permitted
to sell, transfer, pledge, or otherwise encumber the shares of
restricted stock; except that such shares may be used, if the
agreement permits, to pay the option or warrant price pursuant
to any option or warrant granted under this Plan, provided an
equal number of shares delivered to the Participant shall
carry the same restrictions as the shares so used.  Shares of
restricted stock shall become free of all restrictions if
during the Restriction Period, (i) the recipient dies, (ii)
the recipient's directorship, employment, or consultancy
terminates by reason of permanent disability, as determined
by the Committee, (iii) the recipient retires after attaining
both 59 1/2 years of age and five years of continuous service
with the Company and/or a division or subsidiary, or (iv) if
provided in the agreement, there is a "change in control" of
the Company (as defined in such agreement). The Committee may
require medical evidence of permanent disability, including
medical examinations by physicians selected by it.  Unless
and to the extent otherwise provided in the agreement, shares
of restricted stock shall be forfeited and revert to the
Company upon the recipient's termination of directorship,
employment or consultancy during the Restriction Period for
any reason other than death, permanent disability, as
determined by the Committee, retirement after attaining both
59 1/2 years of age and five years of continuous service with
the Company and/or a subsidiary or division, or, to the extent
provided in the agreement, a "change in control" of the Company
(as defined in such agreement), except to the extent the
Committee, in its sole discretion, finds that such forfeiture
might not be in the best interests of the Company and,
therefore, waives all or part of the application of this
provision to the restricted stock held by such recipient.
Certificates for restricted stock shall be registered in the
name of the recipient but shall be imprinted with the appropriate
legend and returned to the Company by the recipient, together
with a stock power endorsed in blank by the recipient.  The
recipient shall be entitled to vote shares of restricted stock
and shall be entitled to all dividends paid thereon, except
that dividends paid in Common Stock or other property shall
also be subject to the same restrictions.

      (B) Restricted Stock shall become free of the foregoing
restrictions upon expiration of the applicable Restriction Period
and the Company shall then deliver to the recipient Common Stock
certificates evidencing such stock.  Restricted stock and any
Common Stock received upon the expiration of the restriction
period shall be subject to such other transfer restrictions
and/or legend requirements as are specified in the applicable
agreement.

   (x) Bonuses and Past Salaries and Fees Payable in Unrestricted
Stock.

      (A) In lieu of cash bonuses otherwise payable under the
Company's or applicable division's or subsidiary's compensation
practices to employees and consultants eligible to participate in
this Plan, the Committee, in its sole discretion, may determine
that such bonuses shall be payable in unrestricted Common Stock
or partly in unrestricted Common Stock and partly in cash.  Such
bonuses shall be in consideration of services previously
performed and as an incentive toward future services and shall
consist of shares of unrestricted Common Stock subject to such
terms as the Committee may determine in its sole discretion.
The number of shares of unrestricted Common Stock payable in
lieu of a bonus otherwise payable shall be determined by dividing
such bonus amount by the fair market value of one share of
Common Stock on the date the bonus is payable, with fair market
value determined as of such date in accordance with Section 5(d)
(ii).

      (B) In lieu of salaries and fees otherwise payable by the
Company to employees, attorneys and consultants eligible to
participate in this Plan that were incurred for services rendered
during, prior or after the year of 2004, the Committee, in its
sole discretion, may determine that such unpaid salaries and
fees shall be payable in unrestricted Common Stock or partly
in unrestricted Common Stock and partly in cash.  Such awards
shall be in consideration of services previously performed and
as an incentive toward future services and shall consist of
shares of unrestricted Common Stock subject to such terms as
the Committee may determine in its sole discretion.  The number
of shares of unrestricted Common Stock payable in lieu of a
salaries and fees otherwise payable shall be determined by
dividing each calendar month's of unpaid salary or fee amount
by the average trading value of the Common Stock for the
calendar month during which the subject services were provided.

   (xi) No Rights as Stockholder.  No Participant shall have
any rights as a stockholder with respect to shares covered by
an option or warrant until the option or warrant is exercised
as provided in clause (d) above.

   (xii) Extraordinary Corporate Transactions.  The existence
of outstanding options or warrants shall not affect in any
way the right or power of the Company or its stockholders to
make or authorize any or all adjustments, recapitalizations,
reorganizations, exchanges, or other changes in the Company's
capital structure or its business, or any merger or
consolidation of the Company, or any issuance of Common Stock
or other securities or subscription rights thereto, or any
issuance of bonds, debentures, preferred or prior preference
stock ahead of or affecting the Common Stock or the rights
thereof, or the dissolution or liquidation of the Company, or
any sale or transfer of all or any part of its assets or
business, or any other corporate act or proceeding, whether
of a similar character or otherwise.  If the Company
recapitalizes or otherwise changes its capital structure, or
merges, consolidates, sells all of its assets or dissolves
(each of the foregoing a "Fundamental Change"), then
thereafter upon any exercise of an option or warrant
theretofore granted the Participant shall be entitled to
purchase under such option or warrant, in lieu of the
number of shares of Common Stock as to which option or
warrant shall then be exercisable, the number and class of
shares of stock and securities to which the Participant
would have been entitled pursuant to the terms of the
Fundamental Change if, immediately prior to such
Fundamental Change, the Participant had been the holder of
record of the number of shares of Common Stock as to which
such option or warrant is then exercisable.  If (i) the
Company shall not be the surviving entity in any merger or
consolidation (or survives only as a subsidiary of another
entity), (ii) the Company sells all or substantially all of
its assets to any other person or entity (other than a
wholly-owned subsidiary), (iii) any person or entity
(including a "group" as contemplated by Section 13(d)(3) of
the Exchange Act) acquires or gains ownership or control of
(including, without limitation, power to vote) more than
50% of the outstanding shares of Common Stock, (iv) the
Company is to be dissolved and liquidated, or (v) as a
result of or in connection with a contested election of
directors, the persons who were directors of the Company
before such election shall cease to constitute a majority
of the Board (each such event in clauses (i) through (v)
above is referred to herein as a "Corporate Change"),
the Committee, in its sole discretion, may accelerate the
time at which all or a portion of a Participant's option
or warrants may be exercised for a limited period of time
before or after a specified date.

   (xiii) Changes in Company's Capital Structure.  If the
outstanding shares of Common Stock or other securities of
the Company, or both, for which the option or warrant is
then exercisable at any time be changed or exchanged by
declaration of a stock dividend, stock split, combination
of shares, recapitalization, or reorganization, the number
and kind of shares of Common Stock or other securities
which are subject to the Plan or subject to any options
or warrants theretofore granted, and the option or warrant
prices, shall be adjusted only as provided in the option
or warrant.

   (xiv) Acceleration of Options and Warrants.  Except as
hereinbefore expressly provided, (i) the issuance by the
Company of shares of stock or any class of securities
convertible into shares of stock of any class, for cash,
property, labor or services, upon direct sale, upon the
exercise of rights or warrants to subscribe therefor, or
upon conversion of shares or obligations of the Company
convertible into such shares or other securities,
(ii) the payment of a dividend in property other than Common
Stock or (iii) the occurrence of any similar transaction,
and in any case whether or not for fair value, shall not
affect, and no adjustment by reason thereof shall be made
with respect to, the number of shares of Common Stock subject
to options or warrants theretofore granted or the purchase
price per share, unless the Committee shall determine, in
its sole discretion, that an adjustment is necessary to
provide equitable treatment to Participant.  Notwithstanding
Anything to the contrary contained in this Plan, the
Committee may, in its sole discretion, accelerate the time at
which any option or warrant may be exercised, including, but
not limited to, upon the occurrence of the events specified
in this Section 5, and is authorized at any time (with the
consent of the Participant) to purchase options or warrants
pursuant to Section 6.

SECTION 6.  RELINQUISHMENT OF OPTIONS OR WARRANTS.

(a) The Committee, in granting options or warrants hereunder,
shall have discretion to determine whether or not options or
warrants shall include a right of relinquishment as hereinafter
provided by this Section 6.  The Committee shall also have
discretion to determine whether an option or warrant agreement
evidencing an option or warrant initially granted by the
Committee without a right of relinquishment shall be amended
or supplemented to include such a right of relinquishment.
Neither the Committee nor the Company shall be under any
obligation or incur any liability to any person by reason of
the Committee's refusal to grant or include a right of
relinquishment in any option or warrant granted hereunder or
in any option or warrant agreement evidencing the same.
Subject to the Committee's determination in any case that the
grant by it of a right of relinquishment is consistent with
Section 1 hereof, any option or warrant granted under this
Plan, and the option or warrant agreement evidencing such
option or warrant, may provide:

   (i) That the Participant, or his or her heirs or other legal
representatives to the extent entitled to exercise the option
or warrant under the terms thereof, in lieu of purchasing the
entire number of shares subject to purchase thereunder, shall
have the right to relinquish all or any part of the then
unexercised portion of the option or warrant (to the extent
then exercisable) for a number of shares of Common Stock to
be determined in accordance with the following provisions of
this clause (i):

      (A) The written notice of exercise of such right of
relinquishment shall state the percentage of the total number
of shares of Common Stock issuable pursuant to such
relinquishment (as defined below) that the Participant elects
to receive;

      (B) The number of shares of Common Stock, if any, issuable
pursuant to such relinquishment shall be the number of such
shares, rounded to the next greater number of full shares, as
shall be equal to the quotient obtained by dividing (i) the
Appreciated Value by (ii) the purchase price for each of such
shares specified in such option or warrant;

      (C) For the purpose of this clause (C), "Appreciated
Value" means the excess, if any, of (x) the total current market
value of the shares of Common Stock covered by the option or
warrant or the portion thereof to be relinquished over (y) the
total purchase price for such shares specified in such option
or warrant;

   (ii) That such right of relinquishment may be exercised only
upon receipt by the Company of a written notice of such
relinquishment which shall be dated the date of election to
make such relinquishment; and that, for the purposes of this
Plan, such date of election shall be deemed to be the date
when such notice is sent by registered or certified mail, or
when receipt is acknowledged by the Company, if mailed by
other than registered or certified mail or if delivered by
hand or by any telegraphic communications equipment of the
sender or otherwise delivered; provided, that, in the event
the method just described for determining such date of
election shall not be or remain consistent with the provisions
of Section 16(b) of the Exchange Act or the rules and
regulations adopted by the Commission thereunder, as presently
existing or as may be hereafter amended, which regulations
exempt from the operation of Section 16(b) of the Exchange
Act in whole or in part any such relinquishment transaction,
then such date of election shall be determined by such other
method consistent with Section 16(b) of the Exchange Act or
the rules and regulations thereunder as the Committee shall
in its discretion select and apply;

   (iii) That the "current market value" of a share of Common
Stock on a particular date shall be deemed to be its fair
market value on that date as determined in accordance with
Paragraph 5(d)(ii); and

   (iv) That the option or warrant, or any portion thereof,
may be relinquished only to the extent that (A) it is
exercisable on the date written notice of relinquishment
is received by the Company, and (B) the holder of such
option or warrant pays, or makes provision satisfactory to
the Company for the payment of, any taxes which the Company
is obligated to collect with respect to such relinquishment.

(b) The Committee shall have sole discretion to consent to
or disapprove, and neither the Committee nor the Company
shall be under any liability by reason of the Committee's
disapproval of, any election by a holder of preferred stock
to relinquish such preferred stock in whole or in part as
provided in Paragraph 7(a), except that no such consent to
or approval of a relinquishment shall be required under the
following circumstances.  Each Participant who is subject
to the short-swing profits recapture provisions of Section
16(b) of the Exchange Act ("Covered Participant") shall not
be entitled to receive shares of Common Stock when options
or warrants are relinquished during any window period
commencing on the third business day following the Company's
release of a quarterly or annual summary statement of sales
and earnings and ending on the twelfth business day following
such release ("Window Period").  A Covered Participant shall
be entitled to receive shares of Common Stock upon the
relinquishment of options or warrants outside a Window Period.

(c) The Committee, in granting options or warrants hereunder,
shall have discretion to determine the terms upon which such
options or warrants shall be relinquishable, subject to the
applicable provisions of this Plan, and including such
provisions as are deemed advisable to permit the exemption
from the operation from Section 16(b) of the Exchange Act
of any such relinquishment transaction, and options or
warrants outstanding, and option agreements evidencing such
options, may be amended, if necessary, to permit such
exemption.  If options or warrants are relinquished, such
option or warrant shall be deemed to have been exercised to
the extent of the number of shares of Common Stock covered
by the option or warrant or part thereof which is
relinquished, and no further options or warrants may be
granted covering such shares of Common Stock.

(d) Any options or warrants or any right to relinquish the
same to the Company as contemplated by this Paragraph 6
shall be assignable by the Participant, provided the
transaction complies with any applicable securities laws.

(e) Except as provided in Section 6(f) below, no right of
relinquishment may be exercised within the first six
months after the initial award of any option or warrant
containing, or the amendment or supplementation of any
existing option or warrant agreement adding, the right
of relinquishment.

(f) No right of relinquishment may be exercised after the
initial award of any option or warrant containing, or the
amendment or supplementation of any existing option or
warrant agreement adding the right of relinquishment,
unless such right of relinquishment is effective upon
the Participant's death, disability or termination of
his relationship with the Company for a reason other
than "for cause."

SECTION 7.  GRANT OF CONVERTIBLE PREFERRED STOCK.

(a) Committee Discretion.  The Committee shall have sole
and absolute discretionary authority (i) to determine,
authorize, and designate those persons pursuant to this
Plan who are to receive restricted preferred stock, or
unrestricted preferred stock under the Plan, and (ii)
to determine the number of shares of Common Stock to
be issued upon conversion of such shares of preferred
stock and the terms thereof.  The Committee shall
thereupon grant shares of preferred stock in accordance
with such determinations as evidenced by a written
preferred stock designation.  Subject to the express
provisions of the Plan, the Committee shall have
discretionary authority to prescribe, amend and rescind
rules and regulations relating to the Plan, to interpret
the Plan, to prescribe and amend the terms of the
preferred stock designation  (which need not be identical)
and to make all other determinations deemed necessary or
advisable for the administration of the Plan.

(b) Terms and Conditions.  Each series of preferred stock
granted under the Plan shall be evidenced by a designation
in the form for filing with the Secretary of State of
the state of incorporation of the Company, containing such
terms as approved by the Committee, which shall be subject
to the following express terms and conditions and to such
other terms and conditions as the Committee may deem
appropriate:

   (i) Conversion Ratio.  The number of shares of Common Stock
issuable upon conversion of each share of preferred stock granted
pursuant to the Plan shall be determined by the Committee at
the time the preferred stock is granted.  The conversion ration
may be determined by reference to the fair market value of each
share of Common Stock on the date the preferred stock is granted,
or at such other price as the Committee in its sole discretion
shall determine.

At the time a determination of the fair market value of a share
of Common Stock is required to be made hereunder, the
determination of its fair market value shall be made in
accordance with Paragraph 5(d)(ii).

   (ii) Conversion Period.  The Committee may provide in the
preferred stock agreement that an preferred stock may be
converted in whole, immediately, or is to be convertible in
increments.  In addition, the Committee may provide that the
conversion of all or part of an preferred stock is subject to
specified performance by the Participant.

   (iii) Procedure for Conversion.  Shares of preferred stock
 shall be converted in the manner specified in the preferred
stock designation.  The notice of conversion shall specify
the address to which the certificates for such shares are to
be mailed.  A Participant shall be deemed to be a stockholder
with respect to shares covered by preferred stock on the date
specified in the preferred stock agreement .  As promptly as
practicable, the Company shall deliver to the Participant or
other holder of the warrant, certificates for the number of
shares with respect to which such preferred stock has been
so converted, issued in the holder's name or such other name
as holder directs; provided, however, that such delivery
shall be deemed effected for all purposes when a stock
transfer agent of the Company shall have deposited such
certificates with a carrier for overnight delivery, addressed
to the holder at the address specified pursuant to this
Section 6(d).

   (iv) Termination of Employment.  If an executive officer to
whom preferred stock is granted ceases to be employed by the
Company for any reason other than death or disability, any
preferred stock which is convertible on the date of such
termination of employment may be converted during a period
beginning on such date and ending at the time set forth in
the preferred stock agreement; provided, however, that if a
Participant's employment is terminated because of the
Participant's theft or embezzlement from the Company, disclosure
of trade secrets of the Company or the commission of a willful,
felonious act while in the employment of the Company (such
reasons shall hereinafter be collectively referred to as "for
cause"), then any preferred stock or unconverted portion thereof
granted to said Participant shall expire upon such termination of
employment.  Notwithstanding the foregoing, no ISO may be
converted later than three months after an employee's termination
of employment for any reason other than death or disability.

   (v) Disability or Death of Participant.  In the event of the
determination of disability or death of a Participant under the
Plan while he or she is employed by the Company, the preferred
stock previously granted to him may be converted (to the extent
he or she would have been entitled to do so at the date of the
determination of disability or death) at any time and from time
to time, within a period beginning on the date of such
determination of disability or death and ending at the time set
forth in the preferred stock agreement, by the former employee,
the guardian of his estate, the executor or administrator of his
estate or by the person or persons to whom his rights under the
preferred stock shall pass by will or the laws of descent and
distribution, but in no event may the preferred stock be
converted after its expiration under the terms of the preferred
stock agreement.  Notwithstanding the foregoing, no ISO may be
converted later than one year after the determination of
disability or death.  A Participant shall be deemed to be
disabled if, in the opinion of a physician selected by the
Committee, he or she is incapable of performing services for the
Company of the kind he or she was performing at the time the
disability occurred by reason of any medically determinable
physical or mental impairment which can be expected to result in
death or to be of long, continued and indefinite duration.  The
date of determination of disability for purposes hereof shall
be the date of such determination by such physician.

   (vi) Assignability.  Preferred stock shall be assignable or
otherwise transferable, in whole or in part, by a Participant.

   (vii) Restricted Stock Awards.  Awards of restricted
preferred stock under this Plan shall be subject to all the
applicable provisions of this Plan, including the following terms
and conditions, and to such other terms and conditions not
inconsistent therewith, as the Committee shall determine:

      (A) Awards of restricted preferred stock may be in addition
to or in lieu of preferred stock grants.  Awards may be conditioned
on the attainment of particular performance goals based on
criteria established by the Committee at the time of each award
of restricted preferred stock. During a period set forth in the
agreement (the "Restriction Period"), the recipient shall not be
permitted to sell, transfer, pledge, or otherwise encumber the
shares of restricted preferred stock.  Shares of restricted
preferred stock shall become free of all restrictions if during
the Restriction Period, (i) the recipient dies, (ii) the
recipient's directorship, employment, or consultancy terminates
by reason of permanent disability, as determined by the Committee,
 (iii) the recipient retires after attaining both 59 1/2 years
of age and five years of continuous service with the Company
and/or a division or subsidiary, or (iv) if provided in the
agreement, there is a "change in control" of the Company (as
defined in such agreement). The Committee may require medical
evidence of permanent disability, including medical examinations
by physicians selected by it.  Unless and to the extent otherwise
provided in the agreement, shares of restricted preferred stock
shall be forfeited and revert to the Company upon the recipient's
termination of directorship, employment or consultancy during
the Restriction Period for any reason other than death, permanent
disability, as determined by the Committee, retirement after
attaining both 59 1/2 years of age and five years of continuous
service with the Company and/or a subsidiary or division, or,
to the extent provided in the agreement, a "change in control"
of the Company (as defined in such agreement), except to the
extent the Committee, in its sole discretion, finds that such
forfeiture might not be in the best interests of the Company
and, therefore, waives all or part of the application of this
provision to the restricted preferred stock held by such
recipient.  Certificates for restricted preferred stock shall be
registered in the name of the recipient but shall be imprinted
with the appropriate legend and returned to the Company by the
recipient, together with a preferred stock power endorsed in
blank by the recipient.  The recipient shall be entitled to vote
shares of restricted preferred stock and shall be entitled to
all dividends paid thereon, except that dividends paid in Common
Stock or other property shall also be subject to the same
restrictions.

      (B) Restricted preferred stock shall become free of the
foregoing restrictions upon expiration of the applicable
Restriction Period and the Company shall then deliver to the
recipient Common Stock certificates evidencing such stock.
Restricted preferred stock and any Common Stock received upon the
expiration of the restriction period shall be subject to such
other transfer restrictions and/or legend requirements as are
specified in the applicable agreement.

   (x) Bonuses and Past Salaries and Fees Payable in Unrestricted
Preferred stock.

      (A) In lieu of cash bonuses otherwise payable under the
Company's or applicable division's or subsidiary's compensation
practices to employees and consultants eligible to participate
in this Plan, the Committee, in its sole discretion, may determine
that such bonuses shall be payable in unrestricted Common Stock
or partly in unrestricted Common Stock and partly in cash.  Such
bonuses shall be in consideration of services previously performed
and as an incentive toward future services and shall consist of
shares of unrestricted Common Stock subject to such terms as the
Committee may determine in its sole discretion.  The number of
shares of unrestricted Common Stock payable in lieu of a bonus
otherwise payable shall be determined by dividing such bonus
amount by the fair market value of one share of Common Stock on
the date the bonus is payable, with fair market value determined
as of such date in accordance with Section 5(d)(ii).

      (B) In lieu of salaries and fees otherwise payable by the
Company to employees, attorneys and consultants eligible to
participate in this Plan that were incurred for services rendered
during, prior or after the year of 2004, the Committee, in its
sole discretion, may determine that such unpaid salaries and fees
shall be payable in unrestricted Common Stock or partly in
unrestricted Common Stock and partly in cash.  Such awards shall
be in consideration of services previously performed and as an
incentive toward future services and shall consist of shares of
unrestricted Common Stock subject to such terms as the Committee
may determine in its sole discretion.  The number of shares of
unrestricted Common Stock payable in lieu of a salaries and fees
otherwise payable shall be determined by dividing each calendar
month's of unpaid salary or fee amount by the average trading
value of the Common Stock for the calendar month during which
the subject services were provided.

   (xi) No Rights as Stockholder.  No Participant shall have any
rights as a stockholder with respect to shares covered by an
preferred stock until the preferred stock is converted as provided
in clause (b)(iii) above.

   (xii) Extraordinary Corporate Transactions.  The existence of
outstanding preferred stock shall not affect in any way the right
or power of the Company or its stockholders to make or authorize
any or all adjustments, recapitalizations, reorganizations,
exchanges, or other changes in the Company's capital structure or
its business, or any merger or consolidation of the Company, or
any issuance of Common Stock or other securities or subscription
rights thereto, or any issuance of bonds, debentures, preferred
or prior preference stock ahead of or affecting the Common Stock
or the rights thereof, or the dissolution or liquidation of the
Company, or any sale or transfer of all or any part of its assets
or business, or any other corporate act or proceeding, whether of
a similar character or otherwise.  If the Company recapitalizes
or otherwise changes its capital structure, or merges,
consolidates, sells all of its assets or dissolves (each of the
foregoing a "Fundamental Change"), then thereafter upon any
conversion of preferred stock theretofore granted the Participant
shall be entitled to the number of shares of Common Stock upon
conversion of such preferred stock, in lieu of the number of
shares of Common Stock as to which preferred stock shall then be
convertible, the number and class of shares of stock and
securities to which the Participant would have been entitled
pursuant to the terms of the Fundamental Change if, immediately
prior to such Fundamental Change, the Participant had been the
holder of record of the number of shares of Common Stock as to
which such preferred stock is then convertible.  If (i) the
Company shall not be the surviving entity in any merger or
consolidation (or survives only as a subsidiary of another
entity), (ii) the Company sells all or substantially all of its
assets to any other person or entity (other than a wholly-owned
subsidiary), (iii) any person or entity (including a "group" as
contemplated by Section 13(d)(3) of the Exchange Act) acquires
or gains ownership or control of (including, without limitation,
power to vote) more than 50% of the outstanding shares of Common
Stock, (iv) the Company is to be dissolved and liquidated, or
(v) as a result of or in connection with a contested election
of directors, the persons who were directors of the Company
before such election shall cease to constitute a majority of
the Board (each such event in clauses (i) through (v) above is
referred to herein as a "Corporate Change"), the Committee, in
its sole discretion, may accelerate the time at which all or a
portion of a Participant's shares of preferred stock may be
converted for a limited period of time before or after a
specified date.

   (xiii) Changes in Company's Capital Structure.    If the
outstanding shares of Common Stock or other securities of the
Company, or both, for which the preferred stock is then
convertible at any time be changed or exchanged by declaration
of a stock dividend, stock split, combination of shares,
recapitalization, or reorganization, the number and kind of
shares of Common Stock or other securities which are subject
to the Plan or subject to any preferred stock theretofore
granted, and the conversion ratio, shall be adjusted only as
provided in the designation of the preferred stock.

   (xiv) Acceleration of Conversion of Preferred Stock.  Except
as hereinbefore expressly provided, (i) the issuance by the
Company of shares of stock or any class of securities
convertible into shares of stock of any class, for cash,
property, labor or services, upon direct sale, upon the
conversion of rights or warrants to subscribe therefor, or
upon conversion of shares or obligations of the Company
convertible into such shares or other securities, (ii) the
payment of a dividend in property other than Common Stock
or (iii) the occurrence of any similar transaction, and in
any case whether or not for fair value, shall not affect, and
no adjustment by reason thereof shall be made with respect to,
the number of shares of Common Stock subject to preferred
stock theretofore granted, unless the Committee shall
determine, in its sole discretion, that an adjustment is
necessary to provide equitable treatment to Participant.
Notwithstanding anything to the contrary contained in this
Plan, the Committee may, in its sole discretion, accelerate
the time at which any preferred stock may be converted,
including, but not limited to, upon the occurrence of the
events specified in this Section 7(xiv).

SECTION 8.  AMENDMENTS OR TERMINATION.  The Board may amend,
alter or discontinue the Plan, but no amendment or alteration
shall be made which would impair the rights of any Participant,
without his consent, under any option, warrant or preferred
stock theretofore granted.

SECTION 9.  COMPLIANCE WITH OTHER LAWS AND REGULATIONS.  The Plan, the grant
and exercise of options or warrants and grant and conversion of preferred
stock thereunder, and the obligation of the Company to sell and deliver shares
under such options, warrants or preferred stock, shall be subject to all
applicable federal and state laws, rules and regulations and to such approvals
by any governmental or regulatory agency as may be required.  The Company
shall not be required to issue or deliver any certificates for shares of
Common Stock prior to the completion of any registration or qualification of
such shares under any federal or state law or issuance of any ruling or
regulation of any government body which the Company shall, in its sole
discretion, determine to be necessary or advisable.  Any adjustments provided
for in subparagraphs 5(d)(xii), (xiii) and (xiv) shall be subject to any
shareholder action required by the corporate law of the state of
incorporation of the Company.

SECTION 10.  PURCHASE FOR INVESTMENT.  Unless the options, warrants, shares
of convertible preferred stock and shares of Common Stock covered by this
Plan have been registered under the Securities Act of 1933, as amended, or
the Company has determined that such registration is unnecessary, each person
acquiring or exercising an option or warrant under this Plan or converting
shares of preferred stock  may be required by the Company to give a
representation in writing that he or she is acquiring such option or warrant
or such shares for his own account for investment and not with a view to, or
for sale in connection with, the distribution of any part thereof.

SECTION 11.  TAXES.

      (a) The Company may make such provisions as it may deem appropriate for
the withholding of any taxes which it determines is required in connection
with any options, warrants or preferred stock granted under this Plan.

      (b) Notwithstanding the terms of Paragraph 11 (a), any Participant may
pay all or any portion of the taxes required to be withheld by the Company or
paid by him or her in connection with the exercise of a nonqualified option or
warrant or conversion of preferred stock by electing to have the Company
withhold shares of Common Stock, or by delivering previously owned shares of
Common Stock, having a fair market value, determined in accordance with
Paragraph 5(d)(ii), equal to the amount required to be withheld or paid.  A
Participant must make the foregoing election on or before the date that the
amount of tax to be withheld is determined ("Tax Date").  All such elections
are irrevocable and subject to disapproval by the Committee.  Elections by
Covered Participants are subject to the following additional restrictions: (i)
such election may not be made within six months of the grant of an option or
warrant, provided that this limitation shall not apply in the event of death
or disability, and (ii) such election must be made either six months or more
prior to the Tax Date or in a Window Period.  Where the Tax Date in respect
of an option or warrant is deferred until six months after exercise and the
Covered Participant elects share withholding, the full amount of shares of
Common Stock will be issued or transferred to him upon exercise of the option
or warrant, but he or she shall be unconditionally obligated to tender back
to the Company the number of shares necessary to discharge the Company's
withholding obligation or his estimated tax obligation on the Tax Date.

SECTION 12.  REPLACEMENT OF OPTIONS, WARRANTS AND PREFERRED STOCK.  The
Committee from time to time may permit a Participant under the Plan to
surrender for cancellation any unexercised outstanding option or warrant or
unconverted Preferred stock and receive from the Company in exchange an option,
warrant or preferred stock for such number of shares of Common Stock as may be
designated by the Committee.  The Committee may, with the consent of the holder
of any outstanding option, warrant or preferred stock, amend such option,
warrant or preferred stock, including reducing the exercise price of any option
or warrant to not less than the fair market value of the Common Stock at the
time of the amendment, increasing the conversion ratio of any preferred stock
and extending the exercise or conversion term of and warrant, option or
preferred stock.

SECTION 13.  NO RIGHT TO COMPANY EMPLOYMENT.  Nothing in this Plan or as a
result of any option or warrant granted pursuant to this Plan shall confer on
any individual any right to continue in the employ of the Company or interfere
in any way with the right of the Company to terminate an individual's
employment at any time.  The option, warrant or preferred stock agreements may
contain such provisions as the Committee may approve with reference to the
effect of approved leaves of absence.

SECTION 14.  LIABILITY OF COMPANY.  The Company and any Affiliate which is in
existence or hereafter comes into existence shall not be liable to a
Participant or other persons as to:

      (a) The Non-Issuance of Shares.  The non-issuance or sale of shares as
to which the Company has been unable to obtain from any regulatory body having
jurisdiction the authority deemed by the Company's counsel to be necessary to
the lawful issuance and sale of any shares hereunder; and

      (b) Tax Consequences.  Any tax consequence expected, but not realized,
by any Participant or other person due to the exercise of any option or
warrant or the conversion of any preferred stock granted hereunder.

SECTION 15.  EFFECTIVENESS AND EXPIRATION OF PLAN.  The Plan shall be effective
on the date the Board adopts the Plan.  The Plan shall expire ten years after
the date the Board approves the Plan and thereafter no option, warrant or
preferred stock shall be granted pursuant to the Plan.

SECTION 16.  NON-EXCLUSIVITY OF THE PLAN.  Neither the adoption by the Board
nor the submission of the Plan to the stockholders of the Company for approval
shall be construed as creating any limitations on the power of the Board to
adopt such other incentive arrangements as it may deem desirable, including
without limitation, the granting of restricted stock or stock options, warrants
or preferred stock otherwise than under the Plan, and such arrangements may be
either generally applicable or applicable only in specific cases.

SECTION 17.  GOVERNING LAW.  This Plan and any agreements hereunder shall be
interpreted and construed in accordance with the laws of the state of
incorporation of the Company and applicable federal law.

SECTION 18.  CASHLESS EXERCISE.  The Committee also may allow cashless
exercises as permitted under Federal Reserve Board's Regulation T, subject to
applicable securities law restrictions.  or by any other means which the
Committee determines to be consistent with the Plan's purpose and applicable
law.  The proceeds from such a payment shall be added to the general funds of
the Company and shall be used for general corporate purposes.

<PAGE>Exhibit 10.4  -  Warrant Agreement

                                WARRANT AGREEMENT

THIS WARRANT AGREEMENT, dated as of the 6th day of August, 2004, is entered
into by and between Aztec Communications Group, Inc., a Nevada corporation
(the "Company"), and Cottonwood Stock Transfer Corporation, as warrant
agent (the "Warrant Agent").

                               W I T N E S S E T H:
                               - - - - - - - - - -

WHEREAS, the Company has authorized the issuance of a maximum of 12,000,000
warrants ("Warrants");

WHEREAS, 3000,000 of such Warrants shall be designated as Class A Warrants,
each entitling the holder to purchase one share (subject to adjustment as
provided in Section 8) of the Company's common stock, $.001 par value
(the "Shares");

WHEREAS, 3,000,000 of such Warrants shall be designated as Class B
Warrants, each entitling the holder to purchase one of the Shares (subject
to adjustment as provided in Section 8);

WHEREAS, 3,000,000 of such Warrants shall be designated as Class C
Warrants, each entitling the holder to purchase one of the Shares (subject
to adjustment as provided in Section 8);

WHEREAS, 3,000,000 of such Warrants shall be designated as Class D
Warrants, each entitling the holder to purchase one of the Shares (subject
to adjustment as provided in Section 8);

WHEREAS, the Warrants and the Shares issuable upon their exercise are to
be issued pursuant to the Company's directors, officers and consultants
stock option, stock warrant and stock award plan covered by a registration
statement filed with and declared effective by the Securities and
Exchange Commission;

WHEREAS, the Company desires to provide for the issuance of certificates
representing the Warrants; and

WHEREAS, the Company desires the Warrant Agent to act on behalf of the
Company, and the Warrant Agent is willing to act in connection with
the issuance, registration, transfer and exchange of Warrants and the
exercise of the Warrants.

NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter set forth and for the purpose of defining the
terms and provisions of the Warrants and the respective rights and
obligations hereunder of the Company, the Registered Holders of
Warrants, and the Warrant Agent, the parties hereto agree as follows:

                               SECTION 1
                              DEFINITIONS

In addition to those terms defined above, as used herein, the following
terms shall have the following meanings, unless the context shall
otherwise require:

"Corporate Office"

	The office of the Warrant Agent (or its successor) at which its
principal business shall be administered, which office is located at
the date hereof at Cottonwood Stock Transfer Corporation, 5199 South
State Street, Salt Lake City, Utah, 84107.

"Exercise Date"

As to any Warrant, the date on which the Warrant Agent shall have
received both (i) the Warrant Certificate representing such Warrant,
with the notice of exercise form therefor duly executed by the
Registered Holder thereof or his duly authorized attorney (in writing),
and (ii) instructions for delivery as provided in paragraph 4.3.

"Exercise Price"

The dollar amount to be paid for one fully paid and nonassessable Share.
The initial Exercise Price for each Class A Warrant, subject to
adjustment in the events specified in Section 8, is $0.75 per share.
The initial Exercise Price for each Class B Warrant, subject to
adjustment in the events specified in Section 8, is $1.00 per share.
The initial Exercise Price for each Class C Warrant, subject to
adjustment in the events specified in Section 8, is $1.25 per share.
The initial Exercise Price for each Class D Warrant, subject to
adjustment in the events specified in Section 8, is $1.65 per share.

"Expiration Date"

The Expiration Date of the Warrants shall be 5:00 p.m. (New York time)
or the earlier of (i)(A) the date which is the last day of the 60
month period commencing on the Initial Warrant Exercise Date, or
(B) such later date as the Company may at its option determine; or
(ii) the Redemption Date as defined in Section 9 hereof.

If such Expiration Date shall be a holiday in the State of Texas or
shall be a day on which banks are authorized to close in Houston,
then Expiration Date shall mean 5:00 p.m. (Houston time) on the next
following day that in the State of Texas is not a holiday or a day
on which banks are authorized to close.

"Initial Warrant Exercise Date"

The first to occur of: (i) the effective date of a Recapitalization
Event (as defined in Section 5.1), or (ii) the effective date of
the Registration Statement (as defined in Section 5.2), or (iii)
30 days from the date hereof.

"Purchase Price"

The dollar amount derived by multiplying the Exercise Price by the
number of Shares issuable upon the exercise.

"Registered Holder"

The person in whose name any certificate representing Warrants shall
be registered on the books maintained by the Warrant Agent pursuant
to Section 6.

"Settlement Date"

The third business day following delivery of the Shares in accordance
with the instructions contained in the notice of exercise form, free
and clear of any legend, restriction or stop order.  Electronic
delivery shall be for the account specified in the notice of exercise
form.  Certificates shall be registered in the name specified in the
notice of exercise form.

"Shares"

The shares of the Company's common stock, $.001 par value (the
"Common Stock"), issuable upon exercise of the Warrants.

"Stock"

The shares of the Company's capital stock of any class, whether now
or thereafter authorized, that has the right to participate in the
distribution of earnings and assets of the Company without limit as
to amount or percentage, which at the date hereof consists of
100,000,000 shares of common stock, par value $.001 per share and
20,000,000 shares of preferred stock, $.001 par value per share.

                                 SECTION 2
                    Warrants and Issuance of Warrants

2.1.  Warrant

Each Warrant shall entitle the Registered Holder of the Warrant
representing such Warrant to purchase one Share upon the exercise
thereof, subject to modification and adjustment as provided in
Section 8.

2.2.  Execution of Warrants

Upon execution of this Agreement, Warrants representing an aggregate
of 12,000,000 Warrants shall be executed by the Company and
delivered to the Warrant Agent.  At its request, additional Warrant
Certificates shall be executed by the Company and delivered to the
Warrant Agent.  After certificates representing an aggregate of such
number of Shares as shall be required in connection with the
distribution of the Warrants, shall have been duly countersigned by
the Company (or by the Transfer Agent, if one then be acting) and
upon written order of the Company signed by its Chairman & CEO and
by its Secretary, the Warrants shall be countersigned, issued, and
delivered by the Warrant Agent.

2.3.  Delivery of Additional Warrants

From time to time, up to the Expiration Date, the Company (or the
Transfer Agent if then acting) shall countersign and deliver stock
certificates in required whole number denominations upon the
exercise of Warrants in accordance with this Agreement.  From time
to time, up to the Expiration Date, the Warrant Agent shall
countersign and deliver Warrants in required whole number
denominations to the persons entitled thereto in connection with
any transfer or exchange permitted under this Agreement.  No
Warrants shall be issued except (i) those initially issued
hereunder, (ii) those issued on or after the Initial Warrant Exercise
Date, upon the exercise of any Warrants pursuant to Section 4, to
evidence any unexercised Warrants held by the exercising Registered
Holder, (iii) those issued upon any transfer or exchange pursuant
to Section 6, and (iv) those issued pursuant to Section 7.

                                 SECTION 3
              Form and Execution of Warrant Certificates

3.1.  Form of Warrants

The Warrants shall be substantially in the form annexed hereto as
Exhibit "A" (the provisions of which are hereby incorporated herein)
and may have such letters, numbers, or other marks of identification
or designation and such legends, summaries, or endorsements printed,
lithographed, or engraved thereon as the Company may deem
appropriate and as are not inconsistent with the provisions of this
Agreement, or as may be required to comply with any law or with any
rule or regulation made pursuant thereto or with any rule or
regulation of any stock exchange on which the Warrants may be
listed, or to conform to usage.  The Warrants shall be dated the
date of issuance thereof (whether upon initial issuance, transfer,
exchange or in lieu of mutilated, lost, stolen or destroyed
Warrants).  The Warrants shall be numbered serially.

3.2.  Validity of Signatures

Warrants shall be executed on behalf of the Company by its Chairman
& CEO and by its Secretary, by manual signatures or by facsimile
signatures printed thereon, and shall have imprinted thereon a
facsimile of the Company's seal.  Warrants shall be manually
countersigned by the Warrant Agent and shall not be valid for any
purpose unless so countersigned.  In case any officer of the
Company who signed a Warrant ceases to be such officer of the
Company before issuance of such Warrant, or before countersignature
by the Warrant Agent and issuance and delivery thereof, such
Warrant may nevertheless be countersigned by the Warrant Agent, and
issued and delivered with the same force and effect as though the
person who signed such Warrant had not ceased to be such officer
of the Company.

SECTION 4
Exercise

4.1.  Exercise Procedures

Each Warrant may be exercised at any time on or after the Initial
Warrant Exercise Date, but not after the Expiration Date, as
appropriate, upon the terms and subject to the conditions set
forth herein and in the applicable Warrant.  A Warrant shall be
deemed to have been exercised immediately prior to the close of
business on the Exercise Date, and the person entitled to receive
the Shares deliverable upon such exercise shall be treated for all
purposes as the Registered Holder thereof with respect to such
number of Shares as shall equal the aggregate number of full Shares
issuable upon such exercise.  As soon as practicable on or after
the Exercise Date, and in conformity with usual practices respecting
such conduct, the Warrant Agent (on behalf of the Company) shall
cause to be issued and delivered to or for the account of the person
designated by the Registered Holder in the notice of exercise a
certificate or certificates for the Shares deliverable upon such
exercise free and clear of any legend, restriction or stop order.
The certificate or certificates shall be registered in the name
specified in the notice of exercise, in proper form for transfer.

4.2  Relinquishment of Options.

     (a)  The warrantholder in lieu of purchasing the entire number
of shares subject to purchase hereunder, shall have the right to
relinquish all or any part of the then unexercised portion of this
Warrant (to the extent then exercisable) for a number of shares of
common stock to be determined in accordance with the following
provisions of this clause (a):

          (i)  The number of shares of common stock, if any,
issuable pursuant to such relinquishment shall be the number of such
shares, rounded to the next greater number of full shares, as shall
be equal to the quotient obtained by dividing (A) the Appreciated
Value by (B) the purchase price per share of common stock specified
in this Warrant;

          (ii)  For the purpose of this clause (a), "Appreciated
Value" means the excess of (x) the aggregate current market value
of the shares of common stock covered by the option or the portion
thereof to be relinquished over (y) the aggregate purchase price
for such shares specified in this Warrant;

     (b)  Such right of relinquishment may be exercised only upon
receipt by the Company of a written notice of such relinquishment
which shall be dated the date of election to make such
relinquishment; and that, for the purposes of this Warrant, such
date of election shall be deemed to be the date when such notice
is sent by registered or certified mail, or when receipt is
acknowledged by the Company, if mailed by other than registered or
certified mail or if delivered by hand or by any telegraphic
communications equipment of the sender or otherwise delivered;
provided, that, in the event the method just described for
determining such date of election shall not be or remain consistent
with the provisions of Section 16(b) of the Exchange Act or the
rules and regulations adopted by the Commission thereunder, as
presently existing or as may be hereafter amended, which
regulations exempt from the operation of Section 16(b) of the
Exchange Act in whole or in part any such relinquishment
transaction, then such date of election shall be determined by
such other method consistent with Section 16(b) of the Exchange
Act or the rules and regulations thereunder as the Company shall
in its discretion select and apply;

     (c)  The "current market value" of a share of common stock
on a particular date shall be deemed to be the closing price of
shares in the open market the day prior to the date of election;
and

     (d)  The Warrant, or any portion thereof, may be relinquished
only to the extent that (A) it is exercisable on the date written
notice of relinquishment is received by the Company, (B) the Holder
pays, or makes provision satisfactory to the Company for the payment
of, any taxes which the Company is obligated to collect with respect
to such relinquishment.

     (e)  If a Warrant is relinquished, such Warrant shall be deemed
to have been exercised to the extent of the number of shares of
common stock covered by the Warrant or part thereof which is
relinquished, and no further Warrants will be isssued covering such
shares of common stock.

4.3  Payment of Purchase Price

Upon the exercise of any Warrant, the Warrant Agent shall promptly
notify the Company in writing of such fact and of the number of Shares
delivered upon such exercise, and shall promptly either (i) make
payment to the Company the dollar amount of the Purchase Price in the
manner specified by the Company in writing to the Warrant Agent, or
(ii) provide instructions for such payment against delivery of the
Shares.  The Purchase Price shall be, derived by multiplying the
Exercise Price by the number of Shares issuable upon the exercise and
shall be paid on or before the Settlement Date by certified or bank
check, bank or federal reserve wire transfer as specified in written
instructions from the Company to the Registered Holder.  In the event
the Company does not specify the method of payment, payment shall be
by bank check deposited on the Settlement Date with a commercial
carrier for overnight delivery to the Company at the address specified
in Section 12 of this Agreement, or per section 4.2 hereof.

4.4  Limitation on Right and Power to Exercise

Any provision in the Warrant, this Agreement or any other document to
the contrary not withstanding, the Registered Holder shall not have the
right or power to exercise this warrant, either in whole or in part, if,
and any attempt to do so shall be void, after having given effect to
such exercise, the Registered Holder shall be or shall be deemed to be
the beneficial owner of 95% or more of the then outstanding Common Stock
within the meaning or for the purposes of the U.S. Securities Exchange
Act of 1934, as amended, or as the term "beneficial owner" is defined
in Rule 13d-3 of the U.S. Securities and Exchange Commission or
otherwise. Any attempt to exercise the Warrant shall also be
ineffective prior to the Initial Exercise Date or to the extent that
the Company does not have sufficient authorized, unissued and
unreserved Common Stock to issue the Shares.

4.5  No Fractional Shares

Notwithstanding that the number of Shares purchasable upon the exercise
of a Warrant is adjusted pursuant to Section 8 of this Agreement, the
Company shall nonetheless not be required to issue fractions of Shares
upon exercise of the Warrants or to distribute Shares certificates that
evidence fractional Shares.  In lieu of fractional Shares, there shall
be returned to exercising Registered Holders of the Warrants upon such
exercise an amount in cash, in United States dollars, equal to the
amount in excess of that required to purchase the largest number of
full Shares.

The Registered Holder of a Warrant by the acceptance thereof expressly
waives his right to receive any fractional Warrant or any fractional
Shares upon exercise of a Warrant.

4.6  Partial Exercise

In case the Registered Holder of any Warrant shall exercise fewer than
all of the Warrants evidenced thereby, a new Warrant evidencing
Warrants equivalent to the Warrants remaining unexercised shall be
issued by the Warrant Agent to the Registered Holder of such Warrant
or to his duly authorized assign, subject to the provisions of this
Agreement.

                                  SECTION 5
              Reservation of Shares; Listing; Payment of Taxes

5.1  Recapitalization

A "Recapitalization Event" shall be deemed to occur upon either (i)
effectiveness of a filing in the office of the Secretary of State of
Nevada, or such other state in which the Company is legally domiciled,
of an amendment to (or amendment and restatement of) the Articles of
Incorporation or other charter document of the Company that increases
the number of authorized shares of Common Stock to a sufficient number
(after taking into account all shares reserved for issuance by the
board of directors) so as to enable the exercise of all outstanding
Warrants and the issuance of the total number of Shares issuable upon
such exercise then in effect, (ii) a change in the number of authorized
shares of capital stock that the Company is authorized to issue by any
means, including a reduction in the number of outstanding shares, a
merger for the principal purpose of a change of corporate domicile, or
(iii) the effective date of any other corporate action that enables
the exercise of all outstanding Warrants.

5.2.  Registration Statement

In connection with the formation of a strategic plan for 2004, the
Company has adopted a directors and officers stock option and stock
award plan (the "Plan").  The Company covenants that it has, in good
faith, filed a registration statement on Form S-8 or other appropriate
form (the "Registration Statement") with the Securities and Exchange
Commission (the "SEC") that registers the issuance of shares of common
stock, preferred stock, options and warrants under the terms of the
Plan.  The Company shall issue the Warrants and the Shares pursuant to
and in accordance with the Plan.  The certificates representing the
Warrants and the Shares shall be free and clear of any legends or
restrictions; provided, however, that the Company shall not be
required to issue Shares to any person, pursuant to exercise of the
Warrants, who shall be resident in any state in which such exercise
would be unlawful or if such qualification, registration or approval
shall require the Company to file a general consent of service of
process or qualify to do business as a foreign corporation in such
state.  Any Warrants or shares not registered or qualified on Form
S-8 shall be registered in the other first registration of shares
by the Company.

5.3.  Reservation of Shares

After, and only after, the Initial Exercise Date and the Company has
a sufficient number of shares of authorized but unissued and unreserved
Common Stock available to issue upon exercise, the Company covenants
that it will at all times reserve and keep available out of its
authorized Shares, solely for the purpose of issuance upon exercise of
Warrants, such number of Shares as shall then be issuable upon the
exercise of all outstanding Warrants.  Provided the shares are covered
by an effective registration, the Company covenants that all Shares that
shall be issuable upon exercise of the Warrants shall be free and clear
of any legend, restriction or stop order, duly and validly issued,
fully paid and nonassessable and free from all taxes, liens, and charges
with respect to the issue thereof, and that upon issuance the Company
shall use its best efforts to cause such Shares to be listed on each
national securities exchange, if any, on which the Company's outstanding
Stock is then listed.

5.4.  Payment of Taxes

The Company shall pay all documentary, stamp, or similar taxes and other
governmental charges that may be imposed with respect to the issuance of
Warrants, or the issuance or delivery of any Shares upon exercise of the
Warrants, provided, however, that if Shares are to be delivered in a
name other than the name of the Registered Holder of the Warrant
representing any Warrant being exercised, then no such delivery shall
be made unless the person requesting the same has paid to the Warrant
Agent the amount of transfer taxes or charges incident thereto, if any.

5.5.  Requisition of Shares

The Warrant Agent is hereby irrevocably authorized by the Company to
requisition, from time to time, certificates representing Shares
required to be delivered upon exercise of the Warrants.

                                      SECTION 6
                      Exchange and Registration of Transfer

6.1.  Exchanges and Transfers

Warrants may be exchanged for other Warrants representing an equal
aggregate number of Warrants or may be transferred, in whole or part,
under the terms of this Agreement.  Warrants to be exchanged shall be
surrendered to the Warrant Agent at its Corporate Office, and the
Company shall execute and the Warrant Agent shall countersign, issue
and deliver in exchange therefor the Warrant or Warrants that the
Registered Holder making the exchange shall be entitled to receive.

6.2.  Books and Records

The Warrant Agent shall keep at such office books and records in
which it shall register Warrants and the transfer thereof.  Upon due
presentment at such office of any Warrant for registration of
transfer, the Company shall execute and the Warrant Agent shall
issue and deliver to the transferee(s) a new Warrant or Warrants
representing an equal aggregate number of Warrants.

6.3.  Procedures of Transfers, etc.

With respect to all Warrants presented for registration of transfer,
or for exchange or exercise, the subscription form on the reverse
thereof shall be duly endorsed, or be accompanied by a written
instrument or instruments of transfer and subscription, in form
satisfactory to the Company and the Warrant Agent.  Such
documentation shall be duly executed by the Registered Holder or
his duly authorized attorney.

The Company may require payment by the Registered Holders of
Warrants of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with exchange or
registration of transfer of Warrants.

All Warrants so surrendered for exchange or transfer shall be promptly
canceled by the Warrant Agent in accordance with previous instructions
pertaining to the Company's Shares.

6.4.  Registered Holders

Prior to due presentment for registration of transfer, the Company
and the Warrant Agent may deem and treat the Registered Holder of
any Warrant as the absolute owner thereof and of each Warrant
represented thereby, for all purposes (notwithstanding any notations
of ownership or writing thereon made by anyone other than the Company
or the Warrant Agent), and shall not be affected by any notice to
the contrary.

                                 SECTION 7
                             Loss or Mutilation

Upon receipt by the Company and the Warrant Agent of satisfactory
evidence of the ownership of and the loss, theft, destruction, or
mutilation of any Warrant, and (i) in the case of loss, theft or
destruction, upon receipt by the Company and the Warrant Agent of
indemnity satisfactory to them, or (ii) in the case of mutilation,
upon surrender and cancellation upon receipt of such Warrant, the
Company shall execute and the Warrant Agent shall countersign and
deliver in lieu thereof a new Warrant representing an equal aggregate
number of warrants.  Applicants for a substitute Warrant shall comply
with such other reasonable regulations and pay such other reasonable
charges as the Warrant Agent may prescribe.

                                SECTION 8
                     Adjustment of Exercise Price
                                  and
                     Number of Shares Deliverable

8.1.  Adjustment of Exercise Price
The Exercise Price and the number of Shares issuable upon the exercise
of each Warrant, respectively, shall be subject to adjustment from time
to time as set forth in this Section 8. The Company shall give each
Registered Holder notice of any event described below which requires
an adjustment pursuant to this Section 8 at the time of such event.
8.2.  Stock Dividends and Subdivisions.  If at any time after the
Initial Warrant Exercise Date the Company shall:

   (a) pay a dividend, or make any other distribution of, shares of
Common Stock to all holders of its Common Stock, or

   (b) subdivide its outstanding shares of Common Stock into a larger
number of shares of Common Stock, then (i) the number of Shares issuable
upon the exercise of each Warrant immediately after the occurrence of
any such event shall be adjusted to equal the number of Shares which a
record holder of the same number of shares of Common Stock for which
one Warrant is exercisable immediately prior to the occurrence of such
event would own or be entitled to receive after the happening of such
event, and (ii) the Exercise Price shall be adjusted to equal (A) the
Exercise Price prior to the adjustment multiplied by the number of
Shares issuable upon the exercise of each Warrant immediately prior
to such adjustment divided by (B) the number of Shares issuable upon
the exercise of each Warrant immediately after such adjustment.

8.3  Stock Combinations and Merger.  If at any time before or after
the Initial Warrant Exercise Date the Company shall:

   (a) combine its outstanding shares of Common Stock into a smaller
number of shares of Common Stock,

   (b) merge or consolidate with or into another corporation for the
purpose of changing the corporate domicile; or

   (c) The occurrence of a Recapitalization Event.
then, as a result of such consolidation, merger or Recapitalization
Event, the Company, or such successor, as the case may be, shall make
lawful and adequate provision whereby the Registered Holder of each
Warrant then outstanding shall receive, on exercise of such Warrant,
the kind and amount of securities at the same price receivable
immediately prior to such consolidation, merger or Recapitalization
Event without the necessity of any further action on the part of
either the Company or the Registered Holder of the Warrants.

8.4.  Notices of Adjustment

Whenever the number of Shares issuable upon exercise of the Warrants
or whenever the Exercise Price shall be adjusted pursuant to this
Section 8, the Company shall forthwith prepare a certificate to be
executed by the chief financial officer of the Company setting forth,
in reasonable detail, the event requiring the adjustment and the
facts, computations, and method by which such adjustment was
calculated, specifying the number of Shares issuable upon exercise
of the Warrants and any change in the Exercise Price.  The Company
shall promptly cause a signed copy of such certificate to be
delivered to the Warrant Agent and to each Registered Holder in
accordance with Section 12.2.  The Company shall keep at its office
or agency designated pursuant to Section 12 copies of all such
certificates and cause the same to be available for inspection at
said office during normal business hours by any Registered Holder
or any prospective purchaser of Warrants designated by a Registered
Holder thereof.

8.5.  No Impairment

The Company shall not by any action, including, without limitation,
amending its certificate of incorporation or through any
reorganization, transfer of assets, consolidation, merger,
dissolution, issue or sale of securities or any other voluntary
action, avoid or seek to avoid the observance or performance of
any of the terms of this Warrant Agreement, but will at all times
in good faith assist in the carrying out of all such terms and in
the taking of all such actions as may be necessary or appropriate
to protect the rights of Registered Holders against impairment.
Without limiting the generality of the foregoing, the Company will
(a) not increase the par value of any Shares issuable upon the
exercise of a Warrant above the amount payable therefor upon such
exercise immediately prior to such increase in par value, (b) take
all such action as may be necessary or appropriate in order that
the Company may validly and legally issue fully paid and
nonassessable shares of Common Stock upon the exercise of a Warrant,
and (c) use its best efforts to obtain all such authorizations,
exemptions or consents from any public regulatory body having
jurisdiction thereof as may be necessary to enable the Company to
perform its obligations under this Warrant Agreement.
SECTION 9
Redemption

9.1.  General

At any time on or after the Initial Warrant Exercise Date the Company
may redeem the Warrants, at its option, upon thirty days' notice at a
price of the actual difference between the average closing bid price
on the over-the-counter market for the Shares for 10 consecutive
trading days immediately prior to the date of notice of redemption and
the Exercise Price of each Warrant.

9.2.  Notice of Redemption

If the Company exercises its right to redeem the Warrants, it shall
mail a notice of redemption to Registered Holders of the Warrants
proposed for redemption, first class, postage prepaid, not later than
thirty days before the date fixed for redemption, at the Registered
Holders' last addresses as shall appear on the records of the Warrant
Agent.  Any notice mailed in the manner provided herein shall be
conclusively presumed to have been duly given whether or not the
Registered Holder receives such notice.

9.3.  Contents of Notice

The notice of redemption shall specify the redemption price, date
fixed for redemption, the place where the Warrant shall be delivered
and the redemption price shall be paid, and that the right to exercise
the Warrant shall terminate at 5:00 p.m. (Houston time) on the
business day immediately preceding the date fixed for redemption.  The
date fixed for the redemption of the Warrants shall be the Redemption
Date.

9.4.  Early Redemption

The Warrants may be called for redemption prior to the redemption date
with respect to an entire class or classes, or in the alternative, with
respect to any portion of a class or classes (and if called with
respect to a portion of a class, such call shall be on a pro rata basis
as to the holdings of each Registered Holder within such class).

9.5.  Effect of Redemption

Any right to exercise a Warrant shall terminate at 5:00 p.m. (Houston
time) on the business day immediately preceding the Redemption Date.
On and after the Redemption Date, Holders of the Warrants shall have
no further rights except to receive, upon surrender of the Warrant,
the redemption price as calculated per Section 9.1 above, without
interest, per Warrant.

                                    SECTION 10
                          Concerning the Warrant Agent

10.1.  Capacity

The Warrant Agent acts hereunder as agent and in a ministerial capacity
for the Company, and its duties shall be determined solely by the
provisions hereof.  The Warrant Agent shall not, by issuing and
delivering Warrants or by any other act hereunder, be deemed to make
any representations as to (i) the validity or value or authorization
of (A) the Warrant or the Warrants represented thereby, or (B) any
securities or other property delivered upon exercise of any Warrant;
or (ii) whether any Shares of capital stock issued upon exercise of
any Warrant is fully paid and nonassessable.

10.2.  Limitations of Responsibility

The Warrant Agent shall not, at any time, be under any duty or
responsibility to any Registered Holder of Warrants (i) to make or
cause to be made any adjustment of the Exercise Price provided in
this Agreement; (ii) to determine whether any fact exists that may
require any such adjustments; (iii) to determine the nature or
extent of any such adjustment, when made; or (iv) to determine the
method employed in making any such adjustment.

The Warrant Agent shall not be (i) liable for any recital or
statement of fact contained herein or for any action taken, suffered,
or omitted by it in reliance on any Warrant or other document or
instrument believed by it in good faith to be genuine, and to have
been signed or presented by the proper party or parties, (ii)
responsible for any failure on the part of the Company to comply
with any of its covenants and obligations contained in this Agreement
or in any Warrant, or (iii) liable for any act or omission in
connection with this Agreement except for its own negligence or
willful misconduct.

10.3.  Advice of Counsel

The Warrant Agent, may, at any time, consult with counsel satisfactory
to it (who may be counsel for the Company) and shall incur no liability
or responsibility for any action taken, suffered or omitted by it in
good faith in accordance with the opinion or advice of such counsel.

10.4.  Effect of Order of the Company

Any notice, statement, instruction, request, direction, order, or
demand of the Company shall be sufficiently evidenced by an instrument
signed by any of the Chairman of the Board, Chairman & CEO, Secretary,
or Assistant Secretary (unless other evidence in respect thereof is
herein specifically prescribed).  The Warrant Agent shall not be
liable for any action taken, suffered, or omitted by it in accordance
with such notice, statement, instruction, request, direction, order,
or demand.

10.5.  Compensation and Fees

The Company agrees to pay the Warrant Agent reasonable compensation
for its services hereunder and to reimburse it for its reasonable
expenses hereunder, which compensation for the first year during which
this Agreement is in force, exclusive of expenses and such amount
as shall be mutually agreed upon by the parties hereto during
subsequent years; it further agrees to indemnify the Warrant Agent
and save it harmless against any and all losses, expenses and
liabilities, including judgments, costs and counsel fees, for
anything done or omitted by the Warrant Agent in the execution of its
duties and powers hereunder except losses, expenses, and liabilities
arising as a result of the Warrant Agent's negligence or willful
misconduct.

10.6.  Resignation

The Warrant Agent may resign its duties and be discharged from all
further duties and liabilities hereunder (except liabilities arising
as a result of the Warrant Agent's own negligence or willful
misconduct), after giving 30 days' prior written notice to the Company.
At least 15 days' prior to the date such resignation is to become
effective, the Warrant Agent shall cause a copy of such notice of
resignation to be mailed to the Registered Holder of each Warrant at
the Company's expense.  Upon such resignation the Company shall
appoint a new warrant agent in writing.  If the Company shall fail
to make such appointment within a period of 30 days after it has been
notified in writing of such resignation by the resigning Warrant
Agent, then the Registered Holder of any Warrant may apply to any
court of competent jurisdiction for the appointment of a new warrant
agent.  Any new warrant agent, whether appointed by the Company or
by such court, shall be (i) a bank or trust company having a capital
and surplus, as shown by its last published report to its
stockholders, of not less than $10,000,000 or (ii) a stock transfer
company.  After acceptance of such appointment by the new warrant
agent is received by the Company, such new warrant agent shall be
vested with the same powers, duties, rights, and responsibilities
as if it had been originally named herein as Warrant Agent, without
any further assurance, conveyance, act or deed; but if for any
reason it shall be necessary or expedient to execute and deliver
any further assurance, conveyance, act, or deed, the same shall be
done at the expense of the Company and shall be legally and validly
executed and delivered by the resigning warrant agent.  No later
than the effective date of any such appointment, the Company shall
file notice thereof with the resigning warrant agent and shall
forthwith cause a copy of such notice to be mailed to the
Registered Holder of each Warrant.

10.7.  Termination

The Company may terminate the Warrant Agent hereunder and be
discharged from all further duties and liabilities hereunder
(except liabilities for the Warrant Agent's then-due compensation
and expenses), after giving 90 days' prior written notice to the
Warrant Agent.

10.8.  Successors

Any corporation into which the Warrant Agent or any new warrant
agent may be converted or merged, or any corporation resulting from
any consolidation to which the Warrant Agent (or any new warrant
agent) shall be a party, or any corporation succeeding to the
corporate trust business of the Warrant Agent shall be a successor
warrant agent under this Agreement without any further act,
provided that such corporation is eligible for appointment as
successor to the Warrant Agent under the provisions of the
preceding paragraph 10.6.  Any such successor warrant agent shall
promptly cause notice of its succession as warrant agent to be
mailed to the Company and to the Registered Holder of each Warrant.

10.9.  Permitted Transactions

The Warrant Agent, its subsidiaries and affiliates, and any of its
or their officers or directors, may buy and hold or sell Warrants
or other securities of the Company and otherwise deal with the
Company in the same manner and to the same extent as though the
Warrant Agent were not the warrant agent hereunder.  Nothing
herein shall preclude the Warrant Agent from acting in any other
capacity for the Company or for any other legal entity.

                               SECTION 11
                    Rights of the Registered Holder

No Registered Holder shall, by virtue hereof, be entitled to any
rights of a shareholder in the company, either at law or equity.
The rights of the Registered Holder are limited to those expressed
in the Warrant and are not enforceable against the Company except to
the extent set forth in this Agreement and in the Warrant Certificates.

                                SECTION 12
                             General Provisions

12.1.  Entire Agreement; Modification; Waivers

This Agreement contains the entire agreement of the parties, and
supersedes any prior agreements with respect to its subject matter.
Except for the provisions of subsection 4.2, the Warrant Agent and
the Company, by supplemental agreement, may make any changes in
this Agreement (i) that they shall deem appropriate to cure any
ambiguity or to correct any defective or inconsistent provision or
manifest mistake or error herein contained; or (ii) that they may
deem necessary or desirable and that shall not adversely affect the
interests of the Registered Holders of Warrant Certificates (this
provision, for instance, shall permit the Exercise Price to be
decreased at the Company's option).

12.2.  Notices

All notices given under this Agreement shall be in writing, addressed
to the parties as set forth below, and shall be effective on the
earliest of (i) the date received, or (ii) on the second business day
after delivery to a major international air delivery or air courier
service (such as Federal Express or Network Couriers):

If to the Company:

Aztec Communications Group, Inc.
770 South Post Oak Lane, # 435
Houston, Texas 77056

If to the Registered Holder

At the address of such holder as shown on the registry books
maintained by the Warrant Agent

If to the Warrant Agent:

Cottonwood Stock Transfer Corporation
5199 South State Street
Salt Lake City, Utah 84107

12.3.  Governing Law

This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Nevada; provided, however, that if any
provision of this Agreement is unenforceable under such law but is
enforceable under the laws of the State of Delaware, then Delaware
law shall govern the construction and enforcement of that provision.

12.4.  Jurisdiction and Venue

The courts of the State of Delaware,  (the "Delaware Courts") shall
have exclusive jurisdiction to hear, adjudicate, decide, determine
and enter final judgment in any action, suit, proceeding, case,
controversy or dispute, whether at law or in equity or both, and
whether in contract or tort or both, arising out of or related to
this Agreement, or the construction or enforcement hereof or thereof
(any such action, suit, proceeding, case, controversy or dispute, a
"Related Action").  The Company and the Registered Holder hereby
irrevocably consent and submit to the exclusive personal jurisdiction
of the Delaware Courts to hear, adjudicate, decide, determine and
enter final judgment in any Related Action.  The Company and the
Registered Holder hereby irrevocably waive and agree not to assert
any right or claim that it is not personally subject to the
jurisdiction of the Delaware Courts in any Related Action, including
any claim of forum non conveniens or that the Delaware Courts are not
the proper venue or form to adjudicate any Related Action.  If any
Related Action is brought or maintained in any court other than the
Delaware Courts, then that court shall, at the request of the
Company or the Registered Holder, dismiss that action.

12.5.  Specific Performance

The Company hereby acknowledges and agrees that it is difficult, if
not impossible to measure in money the damages that will accrue to
the Registered Holder by reason of a failure to issue the Shares
under this Agreement, and that the Registered Holder may seek to
specifically enforce the Company's obligation to issue the Shares.
Therefore, if the Registered Holder shall institute any action or
proceeding to enforce the provisions hereof, the Company hereby
waives all claims or defenses therein that the Registered Holder
has an adequate remedy at law, and hereby agrees not to assert or
otherwise raise any such claim or defense.

12.6.  Waiver of Jury Trial

 The Company and the Registered Holder hereby waive trial by jury
in any Related Action.

12.7.  Attorney's Fees

 The prevailing party in any Related Action shall be entitled to
recover that party's costs of suit, including reasonable attorney's
fees.

12.8.  Binding Effect

 This Agreement shall be binding on, and shall inure to the benefit
of the parties and their respective successors in interest.

12.9.  Construction, Counterparts

 This Agreement shall be construed as a whole and in favor of the
validity and enforceability of each of its provisions, so as to
carry out the intent of the parties as expressed herein. Heading
are for the convenience of reference, and the meaning and
interpretation of the text of any provision shall take precedence
over its heading. This Agreement may be signed in one or more
counterparts, each of which shall constitute an original, but all
of which, taken together shall constitute one agreement. A faxed
copy or photocopy of a party's signature shall be deemed an original
for all purposes.

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

The Company:

Aztec Communications Group, Inc.

By:
    ----------------------------
    L. Mychal Jefferson, II, CEO

The Warrant Agent:

Cottonwood Stock Transfer Corporation

By ________________________________
Name______________________________
Title_______________________________

<PAGE>

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