Document:

Exhibit 10.46

THIS  WARRANT  AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE
NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON
AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES  ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT
TO  AN  EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
AN  AVAILABLE  EXEMPTION  FROM,  OR  IN  A  TRANSACTION  NOT  SUBJECT  TO,  THE
REGISTRATION  REQUIREMENTS  OF  THE  SECURITIES  ACT.

                               WARRANT TO PURCHASE

                             SHARES OF COMMON STOCK

                                       OF

                            THE AMANDA COMPANY, INC.

                            Expires November 26, 2006

No.  W-2     Irvine,  California
                                                               November 26, 2001

    FOR  VALUE  RECEIVED,  subject  to the provisions hereinafter set forth, the
undersigned,  THE  AMANDA  COMPANY,  INC., a Utah corporation (together with its
successors  and  assigns,  the  "Issuer"),  hereby  certifies  that

                             STONESTREET CORPORATION

     or its registered assigns is entitled to subscribe for and purchase, during
the  period  specified  in  this  Warrant,  up  to  1,500,000 shares (subject to
adjustment  as  hereinafter  provided)  of  the duly authorized, validly issued,
fully  paid  and non-assessable Common Stock of the Issuer, at an exercise price
per share equal to $0.01, subject, however, to the provisions and upon the terms
and  conditions  hereinafter  set forth.  Capitalized terms used in this Warrant
and not otherwise defined herein shall have the respective meanings specified in
Section  8  hereof.

1.     Term.  The  right  to  subscribe  for and purchase shares of Warrant
            ----
Stock represented hereby shall commence on November 26, 2001 and shall expire at
5:00  p.m.,  New  York  City  time,  on November 26, 2006 (such period being the
"Term").

2.     Method  of  Exercise  Payment: Issuance of New Warrant: Transfer and
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Exchange.
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     (a) Time  of  Exercise. The purchase rights represented by this Warrant may
         ------------------
be  exercised  in  whole or in part at any time and from time to time during the
Term  commencing  on  November  19,  2001.

<PAGE>
     (b)     Method  of  Exercise.  The Holder hereof may exercise this Warrant,
             --------------------
in  whole  or  in part, by the surrender of this Warrant (with the exercise form
attached hereto duly executed) at the principal office of the Issuer, and by the
payment  to  the  Issuer  of  an  amount  of consideration therefor equal to the
Warrant Price in effect on the date of such exercise multiplied by the number of
shares  of  Warrant  Stock  with  respect  to  which  this Warrant is then being
exercised,  payable  by  certified  or  official  bank  check.

      (c)    Issuance of Stock Certificates. In the event of any exercise of the
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rights  represented  by this Warrant in accordance with and subject to the terms
and  conditions  hereof,  (i)  certificates  for  the shares of Warrant Stock so
purchased  shall  be dated the date of such exercise and delivered to the Holder
hereof  within  a  reasonable  time, not exceeding three Trading Days after such
exercise,  and  the  Holder  hereof  shall  be deemed for all purposes to be the
Holder  of  the  shares  of  Warrant  Stock  so purchased as of the date of such
exercise,  and  (ii) unless this Warrant has expired, a new Warrant representing
the  number  of  shares  of  Warrant  Stock,  if any, with respect to which this
Warrant  shall not then have been exercised (less any amount thereof which shall
have  been  cancelled  in  payment  or  partial  payment of the Warrant Price as
hereinabove  provided) shall also be issued to the Holder hereof at the Issuer's
expense  within  such  time.

     (d)    Transferability of Warrant. This Warrant may not be transferred by a
           ----------------------------
Purchaser  without the prior written consent of the Company, such consent not to
be unreasonably withheld.  If transferred pursuant to this paragraph and subject
to  the  provisions  of  subsection  (e)  of this Section 2, this Warrant may be
transferred on the books of the Issuer by the Holder hereof in person or by duly
authorized  attorney,  upon surrender of this Warrant at the principal office of
the Issuer, properly endorsed (by the Holder executing an assignment in the form
attached  hereto)  and  upon  payment  of  any  necessary  transfer tax or other
governmental charge imposed upon such transfer.  This Warrant is exchangeable at
the  principal  office  of  the Issuer for Warrants for the purchase of the same
aggregate  number  of shares of Warrant Stock, each new Warrant to represent the
right  to  purchase  such number of shares of Warrant Stock as the Holder hereof
shall  designate at the time of such exchange.  All Warrants issued on transfers
or  exchanges shall be dated the Original Issue Date and shall be identical with
this  Warrant  except  as  to  the  number  of  shares of Warrant Stock issuable
pursuant  hereto.

      (e)     Compliance  with  Securities  Laws.
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      (i)    The Holder of this Warrant, by acceptance hereof, acknowledges that
this  Warrant  and the shares of Warrant Stock to be issued upon exercise hereof
are  being acquired solely for the Holder's own account and not as a nominee for
any other party, and for investment, and that the Holder will not offer, sell or
otherwise  dispose  of  this Warrant or any shares of Warrant Stock to be issued
upon  exercise hereof except pursuant to an effective registration statement, or
an  exemption  from  registration,  under  the Securities Act and any applicable
state  securities  laws.

       (ii)    Except as provided in paragraph (iii) below, this Warrant and all
certificates  representing  shares  of Warrant Stock issued upon exercise hereof
shall be stamped or imprinted with a legend in substantially the following form:

     THE  SECURITIES  REPRESENTED  HEREBY  HAVE  NOT  BEEN  REGISTERED  WITH THE
SECURITIES  AND  EXCHANGE  COMMISSION  IN  RELIANCE  UPON  AN  EXEMPTION  FROM
REGISTRATION  UNDER  THE  SECURITIES  ACT  OF  1933, AS AMENDED (THE "SECURITIES
ACT"),  AND,  ACCORDINGLY,  MAY  NOT  BE  OFFERED  OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE  REGISTRATION  STATEMENT  UNDER  THE  SECURITIES ACT OR PURSUANT TO AN
AVAILABLE  EXEMPTION  FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS  OF  THE  SECURITIES  ACT.

       (iii)   The restrictions imposed by this subsection (e) upon the transfer
of  this  Warrant  and the shares of Warrant Stock to be purchased upon exercise
hereof  shall  terminate  (A)  when  such securities shall have been effectively
registered under the Securities Act, (B) upon the Issuer's receipt of an opinion
of  counsel,  in  form  and  substance  reasonably  satisfactory  to the Issuer,
addressed  to  the  Issuer  to  the  effect that such restrictions are no longer
required  to  ensure compliance with the Securities Act or (C) upon the Issuer's
receipt  of  other  evidence  reasonably  satisfactory  to  the Issuer that such
registration  is  not  required.  Whenever  such  restrictions  shall  cease and
terminate  as  to  any  such securities, the Holder thereof shall be entitled to
receive  from  the Issuer (or its transfer agent and registrar), without expense
(other than applicable transfer taxes, if any), new Warrants (or, in the case of
shares  of  Warrant Stock, new stock certificates) of like tenor not bearing the
applicable  legends  required by paragraph (ii) above relating to the Securities
Act  and  state  securities  laws.

     (f) Continuing  Rights of Holder. The Issuer will, at the time of or at any
         ----------------------------
time  after each exercise of this Warrant, upon the request of the Holder hereof
or  of  any  shares  of  Warrant Stock issued upon such exercise, acknowledge in
writing  the  extent,  if  any,  of  its continuing obligation to afford to such
Holder  all rights to which such Holder shall continue to be entitled after such
exercise in accordance with the terms of this Warrant, provided that if any such
                                                       --------
Holder  shall  fail  to  make any such request, the failure shall not affect the
continuing  obligation  of  the  Issuer  to  afford  such rights to such Holder.

3.     Stock  Fully  Paid:  Reservation  and  Listing of Shares: Covenants.
            --------------------------------------------------------------------

     (a) Stock Fully Paid. The Issuer represents, warrants, covenants and agrees
        ----------------
that  all  shares of Warrant Stock which may be issued upon the exercise of this
Warrant  or otherwise hereunder will, upon issuance, be duly authorized, validly
issued, fully paid and non-assessable and free from all taxes, liens and charges
created  by  or  through  Issuer.  The  Issuer further covenants and agrees that
during the period within which this Warrant may be exercised, the Issuer will at
all  times  have  authorized  and  reserved  for  the  purpose of the issue upon
exercise  of  this  Warrant  a  sufficient  number  of shares of Common Stock to
provide  for  the  exercise  of  this  Warrant.

     (b)     Reservation.  If any shares of Common Stock required to be reserved
             -----------
for  issuance  upon  exercise of this Warrant or as otherwise provided hereunder
require  registration or qualification with any governmental authority under any
federal  or  state  law  before such shares may be so issued, the Issuer will in
good  faith  use its best efforts as expeditiously as possible at its expense to
cause  such shares to be duly registered or qualified.  If the Issuer shall list
any  shares of Common Stock on any securities exchange or market it will, at its
expense,  list  thereon,  maintain and increase when necessary such listing, of,
all  shares  of  Warrant  Stock  from  time to time issued upon exercise of this
Warrant or as otherwise provided hereunder, and, to the extent permissible under
the  applicable  securities exchange rules, all unissued shares of Warrant Stock
which  are at any time issuable hereunder, so long as any shares of Common Stock
shall be so listed.  The Issuer will also so list on each securities exchange or
market, and will maintain such listing of, any other securities which the Holder
of  this  Warrant shall be entitled to receive upon the exercise of this Warrant
if  at  the  time  any  securities  of  the  same  class shall be listed on such
securities  exchange  or  market  by  the  Issuer.

     (c)     Covenants. The Issuer shall not by  any  action  including, without
             ---------
limitation,  amending  the  Certificate  of  Incorporation or the by-laws of the
Issuer,  or  through  any  reorganization,  transfer  of  assets, consolidation,
merger,  dissolution,  issue or sale of securities or any other action, avoid or
seek to avoid the observance or performance of any of the terms of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms
and  in  the  taking  of  all such actions as may be necessary or appropriate to
protect  the  rights  of  the  Holder  hereof  against  dilution  (to the extent
specifically provided herein) or impairment.  Without limiting the generality of
the  foregoing,  the  Issuer  will  (i) not permit the par value, if any, of its
Common  Stock  to  exceed  the  then  effective Warrant Price, (ii) not amend or
modify  any  provision  of  the  Certificate  of Incorporation or by-laws of the
Issuer  in  any  manner  that  would  adversely  affect  in  any way the powers,
preferences  or  relative participating, optional or other special rights of the
Common  Stock  or  which would adversely affect the rights of the Holders of the
Warrants,  (iii)  take  all  such action as may be reasonably necessary in order
that  the  Issuer  may  validly  and  legally issue fully paid and nonassessable
shares  of  Common  Stock, free and clear of any liens, claims, encumbrances and
restrictions  (other than as provided herein) upon the exercise of this Warrant,
and  (iv)  use its best efforts to obtain all such authorizations, exemptions or
consents  from  any public regulatory body having jurisdiction thereof as may be
reasonably  necessary to enable the Issuer to perform its obligations under this
Warrant.

     (d)     Loss, Theft, Destruction of  Warrants.   Upon receipt  of  evidence
            ----------------------------------------
satisfactory  to the Issuer of the ownership of and the loss, theft, destruction
or  mutilation  of  any  Warrant  and,  in  the  case of any such loss, theft or
destruction,  upon  receipt  of indemnity or security satisfactory to the Issuer
or,  in the case of any such mutilation, upon surrender and cancellation of such
Warrant,  the  Issuer  will  make  and  deliver,  in  lieu of such lost, stolen,
destroyed or mutilated Warrant, a new Warrant of like tenor and representing the
right  to  purchase  the  same  number  of  shares  of  Common  Stock.

      (e)    Rights and Obligations under the Registration Rights Agreement. The
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Warrant  Stock  are  entitled  to  the  benefits and subject to the terms of the
Registration  Rights Agreement dated as of even date herewith between the Issuer
and  the  Holders listed on the signature pages thereof (as amended from time to
time,  the  "Registration Rights Agreement").  The Issuer shall keep or cause to
be kept a copy of the Registration Rights Agreement, and any amendments thereto,
at  its chief executive office and shall furnish, without charge, copies thereof
to  the  Holder  upon  request.

4.     Adjustment  of  Warrant  Price  and Warrant Share Number.  The number and
       --------------------------------------------------------
kind of Securities purchasable upon the exercise of this Warrant and the Warrant
Price  shall  be  subject  to adjustment from time to time upon the happening of
certain  events  as  follows:

     (a)    Recapitalization, Reorganization, Reclassification,  Consolidation,
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Merger  or Sale.  (i)  In case the Issuer after the Original Issue Date shall do
     ----------
any  of the following (each, a "Triggering Event") (a) consolidate with or merge
into  any  other  Person and the Issuer shall not be the continuing or surviving
corporation  of  such consolidation or merger, or (b) permit any other Person to
consolidate with or merge into the Issuer and the Issuer shall be the continuing
or  surviving  Person  but, in connection with such consolidation or merger, any
Capital Stock of the Issuer shall be changed into or exchanged for Securities of
any  other  Person  or  cash  or  any  other  property,  or  (c) transfer all or
substantially all of its properties or assets to any other Person, or (d) effect
a  capital reorganization or reclassification of its Capital Stock, then, and in
the  case of each such Triggering Event, proper provision shall be made so that,
upon  the  basis  and  the terms and in the manner provided in this Warrant, the
Holder  of  this  Warrant  shall be entitled (x) upon the exercise hereof at any
time after the consummation of such Triggering Event, to the extent this Warrant
is  not  exercised  prior to such Triggering Event, or is redeemed in connection
with  such  Triggering  Event,  to receive at the Warrant Price in effect at the
time  immediately  prior to the consummation of such Triggering Event in lieu of
the  Common  Stock  issuable  upon  such  exercise of this Warrant prior to such
Triggering  Event,  the Securities, cash and property to which such Holder would
have been entitled upon the consummation of such Triggering Event if such Holder
had  exercised the rights represented by this Warrant immediately prior thereto,
subject  to  adjustments  and increases (subsequent to such corporate action) as
nearly  equivalent  as  possible  to  the  adjustments provided for in Section 4
hereof  or  (y)  to  sell this Warrant (or, at such Holder's election, a portion
hereof) to the Person continuing after or surviving such Triggering Event, or to
the  Issuer  (if  Issuer is the continuing or surviving Person) at a sales price
equal to the amount of cash, property and/or Securities to which a holder of the
number  of shares of Common Stock which would otherwise have been delivered upon
the exercise of this Warrant would have been entitled upon the effective date or
closing  of  any  such  Triggering  Event  (the "Event Consideration"), less the
amount  or  portion of such Event Consideration having a fair value equal to the
aggregate  Warrant  Price  applicable  to  this Warrant or the portion hereof so
sold.

       (ii) Notwithstanding anything contained in this Warrant to the contrary,
the Issuer  will  not  effect any Triggering Event unless, prior to the
consummation thereof, each  Person (other than the Issuer) which may be required
to deliver any Securities, cash or property upon the exercise of this Warrant as
provided herein shall assume, by written instrument delivered to, and reasonably
satisfactory  to,  the Holder of this Warrant, (A) the obligations of the Issuer
under  this  Warrant  (and  if the Issuer shall survive the consummation of such
Triggering Event, such assumption shall be in addition to, and shall not release
the  Issuer  from,  any continuing obligations of the Issuer under this Warrant)
and (B) the obligation to deliver to such Holder such shares of Securities, cash
or  property  as, in accordance with the foregoing provisions of this subsection
(a),  such  Holder  shall  be  entitled  to  receive, and such Person shall have
similarly  delivered to such Holder an opinion of counsel for such Person, which
counsel  shall  be  reasonably  satisfactory  to  such Holder, stating that this
Warrant  shall thereafter continue in full force and effect and the terms hereof
(including,  without  limitation,  all of the provisions of this subsection (a))
shall be applicable to the Securities, cash or property which such Person may be
required  to  deliver  upon  any exercise of this Warrant or the exercise of any
rights  pursuant  hereto.

       (iii) If with respect to any Triggering Event, the Holder of this Warrant
has  exercised  its  right as provided in clause (y) of subparagraph (i) of this
subsection (a) to sell this Warrant or a portion thereof, the Issuer agrees that
as a condition to the consummation of any such Triggering Event the Issuer shall
secure  such right of Holder to sell this Warrant to the Person continuing after
or  surviving  such  Triggering  Event  and the Issuer shall not effect any such
Triggering Event unless upon or prior to the consummation thereof the amounts of
cash, property and/or Securities required under such clause (y) are delivered to
the  Holder  of this Warrant.  The obligation of the Issuer to secure such right
of the Holder to sell this Warrant shall be subject to such Holder's cooperation
with  the  Issuer,  including,  without  limitation,  the  giving  of  customary
representations  and  warranties  to  the  purchaser in connection with any such
sale.  Prior notice of any Triggering Event shall be given to the Holder of this
Warrant  in  accordance  with  Section  11  hereof.

     (b)  Subdivision  or Combination of Shares.  If the Issuer, at any time
           -------------------------------------
while this Warrant is outstanding, shall subdivide or combine any shares of
Common Stock, (i) in case of subdivision of shares,  the  Warrant Price shall be
proportionately reduced (as at the effective date of such subdivision or, if the
Issuer  shall take a record of Holders of its Common Stock for the purpose of so
subdividing,  as at the applicable record date, whichever is earlier) to reflect
the  increase  in  the  total  number of shares of Common Stock outstanding as a
result  of such subdivision, or (ii) in the case of a combination of shares, the
Warrant  Price  shall  be proportionately increased (as at the effective date of
such  combination or, if the Issuer shall take a record of Holders of its Common
Stock  for  the  purpose  of  so  combining,  as  at the applicable record date,
whichever  is earlier) to reflect the reduction in the total number of shares of
Common  Stock  outstanding  as  a  result  of  such  combination.

     (c)     Certain  Dividends  and Distributions.  If the Issuer, at any time
             -------------------------------------
while this  Warrant  is  outstanding,  shall:

        (i)   Stock Dividends. Pay a dividend in, or make any other distribution
             ---------------
to its stockholders (without consideration therefor) of, shares of Common Stock,
the  Warrant  Price  shall  be  adjusted, as at the date the Issuer shall take a
record of the Holders of the Issuer's Capital Stock for the purpose of receiving
such  dividend  or  other distribution (or if no such record is taken, as at the
date  of  such  payment  or  other  distribution),  to  that price determined by
multiplying  the  Warrant  Price in effect immediately prior to such record date
(or  if no such record is taken, then immediately prior to such payment or other
distribution),  by  a  fraction  (1)  the  numerator of which shall be the total
number  of shares of Common Stock outstanding immediately prior to such dividend
or  distribution,  and (2) the denominator of which shall be the total number of
shares  of  Common  Stock  outstanding  immediately  after  such  dividend  or
distribution (plus in the event that the Issuer paid cash for fractional shares,
the number of additional shares which would have been outstanding had the Issuer
issued  fractional  shares  in  connection  with  said  dividends);  or

        (ii)   Other   Dividends.Pay a dividend on, or make any distribution of
               ----------------
its assets  upon  or with  respect to  (including,  but  not  limited  to, a
distribution of its property as a dividend in liquidation or partial liquidation
or by way of return of capital), the Common Stock (other than as described in
clause (i) of this subsection (c)), or in the event that the Company shall offer
options or rights  to  subscribe  for  shares  of  Common  Stock, or issue any
Common Stock Equivalents, to all of its holders of Common Stock, then on the
record date for such  payment, distribution or offer or, in the absence of a
record date, on the date  of  such payment, distribution or offer, the Holder
shall receive what the Holder  would  have  received  had it exercised this
Warrant in full immediately prior  to  the  record  date  of  such payment,
distribution or offer or, in the absence  of  a  record  date,  immediately
prior  to  the date of such payment, distribution  or  offer.

      (d)   Other Provisions Applicable to Adjustments Under this Section 4. The
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following  provisions  shall  be  applicable to the making of adjustments in the
Warrant  Price  hereinbefore  provided  in  Section  4:

       (i)     Computation of Consideration.  The  consideration received by the
              ------------------------------
Issuer  shall  be  deemed to be the following: to the extent that any Additional
Shares  of  Common  Stock  or any Common Stock Equivalents shall be issued for a
cash  consideration,  the  consideration  received by the Issuer therefor, or if
such  Additional  Shares of Common Stock or Common Stock Equivalents are offered
by  the  Issuer for subscription, the subscription price, or, if such Additional
Shares  of  Common Stock or Common Stock Equivalents are sold to underwriters or
dealers for public offering without a subscription offering, the public offering
price,  in  any  such  case excluding any amounts paid or receivable for accrued
interest  or  accrued  dividends  and  without  deduction  of  any compensation,
discounts,  commissions,  or  expenses  paid or incurred by the Issuer for or in
connection  with  the  underwriting  thereof or otherwise in connection with the
issue  thereof;  to  the  extent that such issuance shall be for a consideration
other  than  cash, then, except as herein otherwise expressly provided, the fair
market value of such consideration at the time of such issuance as determined in
good  faith by the Board.  The consideration for any Additional Shares of Common
Stock  issuable  pursuant  to  any  Common  Stock  Equivalents  shall  be  the
consideration  received by the Issuer for issuing such Common Stock Equivalents,
plus  the  additional  consideration  payable  to  the Issuer upon the exercise,
conversion  or  exchange  of  such  Common  Stock  Equivalents.  In  case of the
issuance  at  any  time of any Additional Shares of Common Stock or Common Stock
Equivalents in payment or satisfaction of any dividend upon any class of Capital
Stock  of the Issuer other than Common Stock, the Issuer shall be deemed to have
received  for such Additional Shares of Common Stock or Common Stock Equivalents
a  consideration  equal to the amount of such dividend so paid or satisfied.  In
any  case  in which the consideration to be received or paid shall be other than
cash,  the Board shall notify the Holder of this Warrant of its determination of
the  fair  market  value  of  such  consideration  prior to payment or accepting
receipt  thereof.  If,  within  thirty  days  after  receipt of said notice, the
Majority  Holders  shall  notify the Board in writing of their objection to such
determination,  a  determination  of the fair market value of such consideration
shall  be made by an Independent Appraiser selected by the Majority Holders with
the  approval  of the Board (which approval shall not be unreasonably withheld),
whose  fees  and  expenses  shall  be  paid  by  the  Issuer.

       (ii)   Readjustment of Warrant Price.  Upon the expiration or termination
              -----------------------------
of  the  right  to convert, exchange or exercise any Common Stock Equivalent the
issuance  of  which  effected an adjustment in the Warrant Price, if such Common
Stock  Equivalent  shall  not have been converted, exercised or exchanged in its
entirety,  the  number  of  shares  of  Common  Stock  deemed  to  be issued and
outstanding  by  reason  of  the  fact  that they were issuable upon conversion,
exchange  or  exercise  of  any  such Common Stock Equivalent shall no longer be
computed as set forth above, and the Warrant Price shall forthwith be readjusted
and  thereafter  be the price which it would have been (but reflecting any other
adjustments in the Warrant Price made pursuant to the provisions of this Section
4  after the issuance of such Common Stock Equivalent) had the adjustment of the
Warrant Price been made in accordance with the issuance or sale of the number of
Additional  Shares  of Common Stock actually issued upon conversion, exchange or
issuance  of  such  Common  Stock  Equivalent  and  thereupon only the number of
Additional  Shares  of  Common  Stock actually so issued shall be deemed to have
been issued and only the consideration actually received by the Issuer (computed
as  in  clause (i) of this subsection (g)) shall be deemed to have been received
by  the  Issuer.

        (iii) Outstanding Common Stock. The number of shares of Common Stock at
             ------------------------
any time outstanding shall (A) not  include  any shares thereof then directly or
indirectly  owned  or  held  by  or  for the account of the Issuer or any of its
Subsidiaries,  and  (B)  be  deemed  to  include all shares of Common Stock then
issuable  upon  conversion,  exercise or exchange of any then outstanding Common
Stock  Equivalents  or  any  other  evidences of Indebtedness, shares of Capital
Stock  or  other  Securities which are or may be at any time convertible into or
exchangeable  for  shares  of  Common  Stock  or  Other  Common  Stock.

     (e)  Other Action Affecting Common Stock.  In case after the Original Issue
          -------------------------------------
Date  the Issuer shall take any action affecting its Common Stock, other than an
action  described  in  any  of the foregoing subsections (a) through (d) of this
Section  4,  inclusive,  and the failure to make any adjustment would not fairly
protect  the  purchase rights represented by this Warrant in accordance with the
essential  intent  and principle of this Section 4, then the Warrant Price shall
be  adjusted  in  such  manner  and  at such time as the Board may in good faith
determine  to  be  equitable  in  the  circumstances.

     (f) Adjustment of Warrant Share Number. Upon each adjustment in the Warrant
         ----------------------------------
Price pursuant to any of the foregoing provisions of this Section 4, the Warrant
Share  Number  shall be adjusted, to the nearest one hundredth of a whole share,
to  the  product  obtained  by  multiplying the Warrant Share Number immediately
prior  to  such  adjustment in the Warrant Price by a fraction, the numerator of
which  shall  be  the  Warrant  Price  immediately  before giving effect to such
adjustment  and  the denominator of which shall be the Warrant Price immediately
after giving effect to such adjustment.  If the Issuer shall be in default under
any  provision  contained  in Section 3 of this Warrant so that shares issued at
the  Warrant  Price  adjusted  in  accordance  with  this Section 4 would not be
validly  issued,  the adjustment of the Warrant Share Number provided for in the
foregoing  sentence  shall  nonetheless  be  made and the Holder of this Warrant
shall  be entitled to purchase such greater number of shares at the lowest price
at  which  such  shares  may  then be validly issued under applicable law.  Such
exercise  shall  not constitute a waiver of any claim arising against the Issuer
by  reason  of  its  default  under  Section  3  of  this  Warrant.

     (g) Form of Warrant after Adjustments. The form of this Warrant need not be
         ---------------------------------
changed  because  of any adjustments in the Warrant Price or the number and kind
of  Securities  purchasable  upon  the  exercise  of  this  Warrant.

5.     Notice  of  Adjustments.  Whenever  the  Warrant  Price  or Warrant Share
       -----------------------
Number  shall  be  adjusted  pursuant  to Section 4 hereof (for purposes of this
Section  5,  each  an  "adjustment"), the Issuer shall cause its Chief Financial
Officer  to  prepare  and  execute  a  certificate  setting forth, in reasonable
detail,  the  event  requiring the adjustment, the amount of the adjustment, the
method  by  which such adjustment was calculated (including a description of the
basis  on  which  the  Board  made any determination hereunder), and the Warrant
Price and Warrant Share Number after giving effect to such adjustment, and shall
cause  copies  of such certificate to be delivered to the Holder of this Warrant
promptly  after  each adjustment.  Any dispute between the Issuer and the Holder
of this Warrant with respect to the matters set forth in such certificate may at
the  option  of  the  Holder of this Warrant be submitted to one of the national
accounting  firms  currently  known  as  the  "big five" selected by the Holder,
provided  that  the Issuer shall have ten days after receipt of notice from such
     ---
Holder  of  its  selection  of  such  firm to object thereto, in which case such
Holder shall select another such firm and the Issuer shall have no such right of
objection.  The  firm  selected by the Holder of this Warrant as provided in the
preceding  sentence  shall be instructed to deliver a written opinion as to such
matters  to the Issuer and such Holder within thirty days after submission to it
of such dispute.  Such opinion shall be final and binding on the parties hereto.
The  fees  and  expenses  of  such  accounting firm shall be paid by the Issuer.

6.     Fractional  Shares.  No fractional shares of Warrant Stock will be issued
       ------------------
in  connection  with and exercise hereof, but in lieu of such fractional shares,
the  Issuer shall make a cash payment therefor equal in amount to the product of
the applicable fraction multiplied by the Per Share Market Value then in effect.

7.     Warrant  Exercise  Restriction.  Notwithstanding anything to the contrary
       ------------------------------
set forth in this Warrant, at no time may a holder of this Warrant exercise this
Warrant,  or  a  portion  hereof,  if the number of shares of Common Stock to be
issued  pursuant  to  such exercise would exceed, when aggregated with all other
shares  of  Common Stock owned by such holder at such time, would result in such
holder  owning more than 9.99% of all of the Common Stock issued and outstanding
at  such  time;  provided, however, that upon a holder of this Warrant providing
                 --------
the  Issuer  with  75  days  notice (pursuant to Section 11 hereof) (the "Waiver
Notice")  that  such  holder  would like to waive Section 7 of this Warrant with
regard  to  any  or  all  shares  of  Common Stock issuable upon exercise of the
Warrant, this Section 7 will be of no further force or effect with regard to the
number  of shares exercisable pursuant to the Warrant, or the applicable portion
thereof,  referenced  in  the  Waiver  Notice.

8.     Definitions.  For  the purposes of this Warrant, the following terms have
       -----------
the  following  meanings:

          "Additional  Shares  of Common Stock" means all shares of Common Stock
issued  by  the  Issuer  after  the Original Issue Date, and all shares of Other
Common,  if  any, issued by the Issuer after the Original Issue Date, except (i)
Warrant  Stock,  (ii) any shares of Common Stock issuable upon conversion of the
Notes  pursuant  to  the  Purchase  Agreement,  (iii) any shares of Common Stock
issuable  upon  conversion  of the promissory notes and exercise of the warrants
issued  pursuant to the Convertible Note Purchase Agreement dated March 9, 2001,
and  (iv)  options  or  warrants  or rights to purchase stock issued to officers
and/or  directors  of  the  Maker  and  any shares of Common Stock issuable upon
exercise  of  the  Stock  Options.

     "Board"  shall  mean  the  Board  of  Directors  of  the  Issuer.

"Capital  Stock"  means  and  includes  (i)  any  and  all  shares,  interests,
participations  or  other  equivalents  of  or interests in (however designated)
corporate  stock,  including,  without  limitation,  shares  of  preferred  or
preference stock, (ii) all partnership interests (whether general or limited) in
any  Person  which  is  a partnership, (iii) all membership interests or limited
liability  company  interests  in  any  limited  liability company, and (iv) all
equity  or  ownership  interests  in  any  Person  of  any  other  type.

"Certificate  of  Incorporation"  means  the Certificate of Incorporation of the
Issuer  as  in  effect on the Original Issue Date, and as hereafter from time to
time  amended,  modified,  supplemented or restated in accordance with the terms
hereof  and  thereof  and  pursuant  to  applicable  law.

"Original  Issue  Date"  means  November  26,  2001.

"Common  Stock"  means  the  Common Stock, $.01 par value, of the Issuer and any
other  Capital  Stock  into  which  such  stock  may  hereafter  be  changed.

"Common  Stock  Equivalent" means any Convertible Security or warrant, option or
other  right  to subscribe for or purchase any Additional Shares of Common Stock
or  any  Convertible  Security.

"Convertible  Securities"  means the Notes, evidences of Indebtedness, shares of
Capital  Stock  or  other Securities which are or may be at any time convertible
into  or  exchangeable  for  Additional  Shares  of  Common  Stock.  The  term
"Convertible  Security"  means  one  of  the  Convertible  Securities.

"Governmental  Authority"  means any governmental, regulatory or self-regulatory
entity,  department,  body,  official,  authority,  commission, board, agency or
instrumentality,  whether  federal,  state  or  local,  and  whether domestic or
foreign.

"Holders"  mean  the  Persons  who shall from time to time own any Warrant.  The
term  "Holder"  means  one  of  the  Holders.

"Independent  Appraiser"  means  a  nationally  recognized  or  major  regional
investment  banking  firm or firm of independent certified public accountants of
recognized standing (which may be the firm that regularly examines the financial
statements  of  the  Issuer)  that  is  regularly  engaged  in  the  business of
appraising  the  Capital  Stock  or  assets of corporations or other entities as
going concerns, and which is not affiliated with either the Issuer or the Holder
of  any  Warrant.

"Issuer"  means  Pen  Interconnect Inc., a Utah corporation, and its successors.

"Majority  Holders"  means at any time the Holders of Warrants exercisable for a
majority  of the shares of Warrant Stock issuable under the Warrants at the time
outstanding.

"NASDAQ"  means  the  National  Association  of  Securities  Dealers  Automated
Quotation  System.

"Notes"  means  the convertible promissory notes issued pursuant to the Purchase
Agreement.

"Other  Common"  means  any other Capital Stock of the Issuer of any class which
shall  be  authorized  at  any  time  after the date of this Warrant (other than
Common  Stock) and which shall have the right to participate in the distribution
of  earnings  and  assets  of  the  Issuer  without  limitation  as  to  amount.

"Person"  means  an  individual,  corporation,  limited  liability  company,
partnership,  joint  stock  company,  trust,  unincorporated organization, joint
venture,  Governmental  Authority  or  other  entity  of  whatever  nature.

"Per  Share Market Value" means on any particular date (a) the closing bid price
per  share  of the Common Stock on such date on The Nasdaq Small-Cap Market, the
Nasdaq  National Market or other registered national stock exchange on which the
Common  Stock is then listed or if there is no such price on such date, then the
closing  bid  price  on  such  exchange  or quotation system on the date nearest
preceding such date, or (b) if the Common Stock is not listed then on The Nasdaq
Small-Cap  Market,  the  Nasdaq National Market or any registered national stock
exchange,  the  closing  bid  price  for  a  share  of  Common  Stock  in  the
over-the-counter  market,  as  reported  by  NASDAQ or in the National Quotation
Bureau  Incorporated  or  similar  organization  or  agency  succeeding  to  its
functions  of reporting prices) at the close of business on such date, or (c) if
the  Common  Stock  is  not  then  reported  by  the  National  Quotation Bureau
Incorporated  (or  similar organization or agency succeeding to its functions of
reporting  prices), then the average of the "Pink Sheet" quotes for the relevant
conversion  period,  as  determined  in  good faith by the holder, or (d) if the
Common  Stock  is  not  then publicly traded the fair market value of a share of
Common Stock as determined by an Independent Appraiser selected in good faith by
the  Majority  Holders; provided, however, that the Issuer, after receipt of the
                        --------  -------
determination  by  such Independent Appraiser, shall have the right to select an
additional  Independent Appraiser, in which case, the fair market value shall be
equal  to  the average of the determinations by each such Independent Appraiser;
and  provided,  further  that  all  determinations of the Per Share Market Value
     --------   -------
shall  be  appropriately adjusted for any stock dividends, stock splits or other
similar transactions during such period.  The determination of fair market value
by  an  Independent  Appraiser  shall be based upon the fair market value of the
Issuer  determined  on  a  going  concern basis as between a willing buyer and a
willing  seller  and  taking  into account all relevant factors determinative of
value,  and  shall be final and binding on all parties.  In determining the fair
market  value  of any shares of Common Stock, no consideration shall be given to
any  restrictions  on  transfer  of  the Common Stock imposed by agreement or by
federal  or  state  securities  laws,  or to the existence or absence of, or any
limitations  on,  voting  rights.

"Purchase  Agreement"  means the Convertible Note Purchase Agreement dated as of
November  19,  2001  among  the  Issuer  and  the  purchaser  named  therein.

"Registration  Rights  Agreement"  has  the  meaning  specified  in Section 3(e)
hereof.

"Securities"  means  any debt or equity securities of the Issuer, whether now or
hereafter  authorized,  any  instrument  convertible  into  or  exchangeable for
Securities  or a Security, and any option, warrant or other right to purchase or
acquire  any  Security.  "Security"  means  one  of  the  Securities.

"Securities  Act"  means  the Securities Act of 1933, as amended, or any similar
federal  statute  then  in  effect.

"Stock  Options"  means options to purchase shares of Common Stock issued by the
Issuer  on  the  Original  Issue  Date to certain members of the Issuer's senior
management,  as  the  same  may  from  time  to  time  be  amended,  modified or
supplemented  in  accordance  with  their  terms.

"Subsidiary"  means  any  corporation  at  least 50% of whose outstanding Voting
Stock  shall at the time be owned directly or indirectly by the Issuer or by one
or  more  of  its  Subsidiaries,  or  by  the  Issuer  and  one  or  more of its
Subsidiaries.

"Trading  Day" means (a) a day on which the Common Stock is traded on The Nasdaq
Small-Cap  Market, the Nasdaq National Market or other registered national stock
exchange  on  which the Common Stock has been listed, or (b) if the Common Stock
is  not listed on The Nasdaq Small-Cap Market, the Nasdaq National Market or any
registered national stock exchange, a day or which the Common Stock is traded in
the  over-the-counter  market,  as reported by the OTC Bulletin Board, or (c) if
the  Common  Stock  is  not quoted on the OTC Bulletin Board, a day on which the
Common  Stock  is  quoted  in  the  over-the-counter  market  as reported by the
National  Quotation  Bureau  Incorporated (or any similar organization or agency
succeeding  its  functions  of reporting prices); provided, however, that in the
                                                  --------  -------
event that the Common Stock is not listed or quoted as set forth in (a), (b) and
(c)  hereof, then Trading Day shall mean any day except Saturday, Sunday and any
day which shall be a legal holiday or a day on which banking institutions in the
State  of  New York are authorized or required by law or other government action
to  close.

"Term"  has  the  meaning  specified  in  Section  1  hereof.

"Voting  Stock",  as  applied  to  the  Capital  Stock of any corporation, means
Capital  Stock  of  any  class  or  classes (however designated) having ordinary
voting  power  for  the  election  of  a majority of the members of the Board of
Directors  (or  other  governing  body)  of such corporation, other than Capital
Stock  having  such  power  only  by  reason  of the happening of a contingency.

"Warrants"  means  the  Warrants  issued  and  sold  pursuant  to  the  Purchase
Agreement,  including,  without limitation, this Warrant, and any other warrants
of like tenor issued in substitution or exchange for any thereof pursuant to the
provisions  of  Section  2(c),  2(d)  or  2(e)  hereof  or  of any of such other
Warrants.

"Warrant Price" means initially $.01, as such price may be adjusted from time to
time  as  shall  result  from  the  adjustments  specified  in Section 4 hereof.

"Warrant  Share  Number"  means  at  any  time the aggregate number of shares of
Warrant Stock which may at such time be purchased upon exercise of this Warrant,
after  giving  effect to all prior adjustments and increases to such number made
or  required  to  be  made  under  the  terms  hereof.

"Warrant  Stock"  means  Common  Stock  issuable upon exercise of any Warrant or
Warrants  or  otherwise  issuable  pursuant  to  any  Warrant  or  Warrants.

8.     Other  Notices.  In  case  at  any  time:
            --------------

     (A)     the  Issuer  shall  make any distributions to the holders of Common
Stock;  or

     (B)     the  Issuer  shall  authorize  the  granting  to all holders of its
Common  Stock of rights to subscribe for or purchase any shares of Capital Stock
of  any  class  or  of any Common Stock Equivalents or Convertible Securities or
other  rights;  or

     (C) there shall be any reclassification of the Capital Stock of the Issuer;
or

     (D)    there shall  be  any  capital  reorganization  by  the  Issuer;  or

     (E)  there shall be any (i) consolidation or merger involving the Issuer or
(ii)  sale,  transfer  or  other  disposition of all or substantially all of the
Issuer's  property,  assets or business (except a merger or other reorganization
in which the Issuer shall be the surviving corporation and its shares of Capital
Stock shall continue to be outstanding and unchanged and except a consolidation,
merger,  sale,  transfer  or  other  disposition  involving  a  wholly-owned
Subsidiary);  or

     (F)   there shall be a voluntary or involuntary dissolution, liquidation or
winding-up  of  the  Issuer  or  any  partial  liquidation  of  the  Issuer  or
distribution  to  holders  of  Common  Stock;

     then,  in  each  of such cases, the Issuer shall give written notice to the
Holder  of the date on which (i) the books of the Issuer shall close or a record
shall  be  taken  for such dividend, distribution or subscription rights or (ii)
such  reorganization,  reclassification,  consolidation,  merger,  disposition,
dissolution,  liquidation  or  winding-up, as the case may be, shall take place.
Such  notice also shall specify the date as of which the holders of Common Stock
of  record  shall  participate  in  such  dividend, distribution or subscription
rights, or shall be entitled to exchange their certificates for Common Stock for
securities  or  other  property  deliverable  upon  such  reorganization,
reclassification,  consolidation,  merger, disposition, dissolution, liquidation
or  winding-up,  as the case may be.  Such notice shall be given at least twenty
days  prior to the action in question and not less than twenty days prior to the
record  date  or  the  date  on  which the Issuer's transfer books are closed in
respect thereto.  The Issuer shall give to the Holder notice of all meetings and
actions  by  written  consent  of its stockholders, at the same time in the same
manner  as  notice  of  any  meetings of stockholders is required to be given to
stockholders  who do not waive such notice (or, if such requires no notice, then
two Trading Days written notice thereof describing the matters upon which action
is  to  be  taken).  The Holder shall have the right to send two representatives
selected  by  it to each meeting, who shall be permitted to attend, but not vote
at, such meeting and any adjournments thereof.  This Warrant entitles the Holder
to receive copies of all financial and other information distributed or required
to  be  distributed  to  the  holders  of  the  Common  Stock.

9.     Amendment and Waiver.  Any term, covenant, agreement or condition in this
       --------------------
Warrant  may be amended, or compliance therewith may be waived (either generally
or  in  a  particular  instance and either retroactively or prospectively), by a
written  instrument  or  written  instruments  executed  by  the  Issuer and the
Majority  Holders;  provided,  however,  that  no such amendment or waiver shall
                    --------   -------
reduce  the Warrant Share number, increase the Warrant Price, shorten the period
during  which  this  Warrant  may  be  exercised or modify any provision of this
Section  9  without  the  consent  of  the  Holder  of  this  Warrant.

10.     Governing  Law.  THIS  WARRANT  SHALL  BE  GOVERNED  BY AND CONSTRUED IN
        --------------
ACCORDANCE  WITH  THE  LAWS  OF  THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO
PRINCIPLES  OF  CONFLICTS  OF  LAW.

11.     Notices.  Any  and  all  notices  or  other communications or deliveries
        -------
required  or permitted to be provided hereunder shall be in writing and shall be
deemed  given  and  effective on the earlier of (i) the date of transmission, if
such  notice  or  communication  is  delivered  via  facsimile  at the facsimile
telephone number specified for notice prior to 5:00 p.m., Los Angeles City time,
on a Business Day, (ii) the Business Day after the date of transmission, if such
notice  or  communication  is delivered via facsimile at the facsimile telephone
number  specified for notice later than 5:00 p.m., Los Angeles City time, on any
date  and  earlier  than  11:59  p.m., Los Angeles time, on such date, (iii) the
Business  Day  following  the  date of mailing, if sent by nationally recognized
overnight  courier  service  or  (iv)  actual  receipt by the party to whom such
notice  is required to be given.  The addresses for such communications shall be
with  respect  to the Holder of this Warrant or of Warrant Stock issued pursuant
hereto,  addressed  to such Holder at its last known address or facsimile number
appearing  on  the  books  of  the  Issuer maintained for such purposes, or with
respect  to  the  Issuer,  addressed  to:

     the  Amanda  Company
     13765  Alton  Parkway,  Suite  F
     Irvine,  California  92618
     Attention:  Chief  Executive  Officer
     Facsimile  No.:  (949)  859-4380

or to such other address or addresses or facsimile number or numbers as any such
party  may  most recently have designated in writing to the other parties hereto
by  such  notice.  Naccarato & Associates, 19600 Fairchild, Suite 260, Irvine CA
92612  Attention:  Owen  Naccarato,  Facsimile  No.:  (949)  851-9262.

12.     Warrant Agent.  The Issuer may, by written notice to each Holder of this
        -------------
Warrant, appoint an agent having an office in Brooklyn, NY 10004 for the purpose
of  issuing  shares of Warrant Stock on the exercise of this Warrant pursuant to
subsection  (b)  of  Section  2  hereof,  exchanging  this  Warrant  pursuant to
subsection  (d)  of  Section  2  hereof  or  replacing  this Warrant pursuant to
subsection  (d) of Section 3 hereof, or any of the foregoing, and thereafter any
such  issuance,  exchange  or  replacement, as the case may be, shall be made at
such  office  by  such  agent.

13.     Remedies.  The  Issuer stipulates that the remedies at law of the Holder
        --------
of  this Warrant in the event of any default or threatened default by the Issuer
in  the  performance  of or compliance with any of the terms of this Warrant are
not  and  will not be adequate and that, to the fullest extent permitted by law,
such terms may be specifically enforced by a decree for the specific performance
of any agreement contained herein or by an injunction against a violation of any
of  the  terms  hereof  or  otherwise.

14.     Successors  and  Assigns.  This  Warrant and the rights evidenced hereby
        ------------------------
shall  inure to the benefit of and be binding upon the successors and assigns of
the Issuer, the Holder hereof and (to the extent provided herein) the Holders of
Warrant  Stock  issued  pursuant  hereto,  and  shall be enforceable by any such
Holder  or  Holder  of  Warrant  Stock

15.     Modification  and  Severability.  If,  in any action before any court or
        -------------------------------
agency  legally  empowered  to  enforce  any  provision  contained  herein,  any
provision  hereof  is  found  to  be unenforceable, then such provision shall be
deemed  modified to the extent necessary to make it enforceable by such court or
agency.  If  any such provision is not enforceable as set forth in the preceding
sentence,  the  unenforceability  of  such  provision shall not affect the other
provisions  of  this  Warrant,  but  this  Warrant shall be construed as if such
unenforceable  provision  had  never  been  contained  herein.

     16.     Headings.  The  headings  of  the  Sections of this Warrant are for
             --------
convenience  of  reference only and shall not, for any purpose, be deemed a part
of  this  Warrant.

<PAGE>

     IN  WITNESS WHEREOF, the Issuer has executed this Warrant as of the day and
year  first  above  written.

                                     THE  AMANDA  COMPANY,  INC.

                                     By:  Jose  Candia
                                     Jose  Candia,
                                     Chief  Executive  Officer

<PAGE>

                                  EXERCISE FORM

THE  AMANDA  COMPANY,  INC.

The  undersigned  _______________,  pursuant  to  the  provisions  of the within
Warrant,  hereby  elects  to purchase _____ shares of Common Stock of THE AMANDA
COMPANY,  INC.  covered  by  the  within  Warrant.

Dated:  _________________          Signature     ___________________________

                                   Address     _____________________
                                               _____________________

                                   ASSIGNMENT

FOR  VALUE  RECEIVED, _________________ hereby sells, assigns and transfers unto
__________________  the within Warrant and all rights evidenced thereby and does
irrevocably constitute and appoint _____________, attorney, to transfer the said
Warrant  on  the  books  of  the  within  named  corporation.

Dated:  _________________          Signature     ___________________________

                                   Address     _____________________
                                               _____________________

                               PARTIAL ASSIGNMENT

FOR  VALUE  RECEIVED, _________________ hereby sells, assigns and transfers unto
__________________  the  right  to  purchase  _________  shares of Warrant Stock
evidenced  by  the  within  Warrant  together  with all rights therein, and does
irrevocably  constitute  and  appoint ___________________, attorney, to transfer
that  part  of  the  said  Warrant on the books of the within named corporation.

Dated:  _________________          Signature     ___________________________

     Address     _____________________
     _____________________

                           FOR USE BY THE ISSUER ONLY:

This  Warrant No. W-_____ cancelled (or transferred or exchanged) this _____ day
of  ___________,  _____,  shares  of Common Stock issued therefor in the name of
_______________,  Warrant  No. W-_____ issued for ____ shares of Common Stock in
the  name  of  _______________.748221_2
                                                                   Exhibit 10.47

                            CONVERTIBLE NOTE PURCHASE

                                    AGREEMENT

                          DATED AS OF NOVEMBER 26, 2001

                                      AMONG

                             THE AMANDA COMPANY, INC

                                       AND

                        THE PURCHASER LISTED ON EXHIBIT A

748221_2
                                TABLE OF CONTENTS

                                                                    PAGE
                                                                    ----

ARTICLE  I               PURCHASE  AND  SALE  OF  NOTE                 2
     Section  1.1        Purchase  and  Sale  of  Note                 2
     Section  1.2        The  Conversion  Shares                       2
     Section  1.3        Purchase  Price  and  Closing                 2
     Section  1.4        Warrant                                       3

ARTICLE  II              REPRESENTATIONS  AND  WARRANTIES              3
     Section  2.1        Representations and Warranties of the Company 3
     Section  2.2        Representations and Warranties of the
                         Purchaser                                     3

ARTICLE  III             COVENANTS                                    15
     Section  3.1        Securities  Compliance.                      15
     Section  3.2        Registration  and  Listing                   15
     Section  3.3        Inspection  Rights                           15
     Section  3.4        Compliance  with  Laws                       16
     Section  3.5        Keeping of Records and Books  of  Account    16
     Section  3.6        Reporting  Requirements                      16
     Section  3.7        Amendments                                   16
     Section  3.8        Other  Agreements                            16
     Section  3.9        Distributions.                               17
     Section  3.10       Intentionally  Omitted.                      17
     Section  3.11       Regulation  S.                               17
     Section  3.12       Future  Financings                           17
     Section  3.13       Reservation  of  Shares                      17
     Section  3.14       Transfer  Agent  Instructions                17

ARTICLE  IV              CONDITIONS                                   18
     Section  4.1        Conditions Precedent to the Obligation
                         of  the Company to  Sell  the  Note          18

ARTICLE  V               REGISTRATION  RIGHTS                         20

ARTICLE  VI              CERTIFICATE  LEGEND                          21
     Section  6.1        Legend                                       21

ARTICLE  VII             TERMINATION                                  22
     Section  7.1        Termination  by  Mutual  Consent             22
     Section  7.2        Other  Termination                           22
     Section  7.3        Effect  of  Termination                      22

ARTICLE  VIII            INDEMNIFICATION                              22
     Section  8.1        General  Indemnity                           22
     Section  8.2        Indemnification  Procedure                   22

ARTICLE  IX              MISCELLANEOUS                                23
     Section  9.1        Fees  and  Expenses                          23
     Section  9.2        Specific  Enforcement,  Consent  to
                         Jurisdiction.                                24
     Section  9.3        Entire  Agreement;  Amendment                24
     Section  9.4        Notices                                      25
     Section  9.5        Waivers                                      26
     Section  9.6        Headings                                     26
     Section  9.7        Successors  and  Assigns                     26
     Section  9.8        No  Third  Party  Beneficiaries              26
     Section  9.9        Governing  Law                               26
     Section  9.10       Survival                                     26
     Section  9.11       Counterparts                                 26
     Section  9.12       Publicity                                    26
     Section  9.13       Severability                                 27
     Section  9.14       Further  Assurances                          27

<PAGE>
                       CONVERTIBLE NOTE PURCHASE AGREEMENT

     This  CONVERTIBLE  NOTE PURCHASE AGREEMENT (the "Agreement") is dated as of
November  26,  2001  by  and between THE AMANDA COMPANY, INC, a Utah corporation
(the  "Company"), and the Purchaser of the Convertible Note of the Company whose
name  is  set  forth  on  Exhibit  A  hereto  (the  "Purchaser").

     The  parties  hereto  agree  as  follows:

Purchase  and  Sale  of  Note

     -     Purchase  and Sale of Note.  Upon the following terms and conditions,
           --------------------------
the  Company  shall  issue  and  sell  to  the Purchaser and the Purchaser shall
purchase from the Company, (i) two convertible promissory notes in the aggregate
principal  amount  of $220,000 bearing interest at the rate of 8% per annum, due
November  26,  2004,  convertible into shares of the Company's Common Stock, par
value  $.01  per  share (the "Common Stock"), in substantially the form attached
hereto  as  Exhibit B (the "Note"), and (ii) a Warrant to purchase shares of the
Company's  Common  Stock, in substantially the form attached hereto as Exhibit C
(the  "Warrant").  The  purchase  price  for  the  Note and the Warrant shall be
$220,000  (the  "Purchase  Price").  The Company and the Purchaser are executing
and  delivering  this  Agreement  in  accordance  with  and in reliance upon the
exemption  from  securities  registration  afforded  by Rule 506 of Regulation D
("Regulation  D")  as  promulgated  by the United States Securities and Exchange
Commission  (the "Commission") under the Securities Act of 1933, as amended (the
"Securities  Act"),  Regulation  S  ("Regulation  S")  as  promulgated  by  the
Commission  under  the  Securities  Act,  or Section 4(2) of the Securities Act.

     -     The  Conversion Shares.  Immediately upon the filing of a Certificate
           ----------------------
of  Amendment  to  the  Company's  Certificate  of  Incorporation  with the Utah
Secretary  of  State  increasing its authorized capital stock, the Company shall
authorize,  reserve  and  maintain,  free of preemptive rights and other similar
contractual rights of stockholders, no less than 150% of the aggregate number of
shares  of Common Stock needed to effect the conversion of the Note at the Fixed
Conversion  Price  (as  defined  in  the  Note)  and  any  interest  accrued and
outstanding  thereon  and  exercise  of the Warrant.  Any shares of Common Stock
issuable  upon  conversion  of the Note and any interest accrued and outstanding
thereon  and  exercise  of  the Warrant (and such shares when issued) are herein
referred  to  as the "Conversion Shares" and the "Warrant Shares," respectively.
The  Note,  the  Conversion  Shares  and  the  Warrant  Shares  are  sometimes
collectively  referred  to  herein  as  the  "Shares."

     -     Purchase  Price and Closing.  The Company agrees to issue and sell to
           ---------------------------
the  Purchaser  and,  in  consideration  of  and  in  express  reliance upon the
representations,  warranties, covenants, terms and conditions of this Agreement,
the Purchaser agrees to purchase the Note set forth opposite its name on Exhibit
A  for a purchase price equal to $220,000.  The closing of the purchase and sale
of the Note and Warrant (the "Closing") to be acquired by the Purchaser from the
Company  under  this  Agreement  shall  take place at the offices of Naccarato &
Associates at 10:00 a.m. P.S.T. on the date on which the last to be fulfilled or
waived  of  the  conditions set forth in Article IV hereof and applicable to the
Closing  shall  be fulfilled or waived in accordance herewith or such other time
and  place  or on such date as the Purchaser and the Company may agree upon (the
"Closing  Date").  On  the  Closing  Date,  the  Company  shall  deliver  to the
Purchaser  the  Note and the Purchaser shall deliver to the Company the Purchase
Price.  In  addition,  each  party  shall deliver all documents, instruments and
writings required to be delivered by such party pursuant to this Agreement at or
prior  to  the  Closing.  This Agreement shall become effective upon the date of
execution  of  this Agreement by each of the parties hereto, which date shall be
no  later  than November 26, 2001, unless otherwise agreed upon by the Purchaser
and  the  Company.

          Warrant.  The  Company  agrees  to  issue  to  the Purchasers Warrants
          -------
purchase  an  aggregate of 7,944,682 shares of Common Stock on the Closing Date.
The Warrants shall have an exercise price equal to the Warrant Price (as defined
in  the  Warrant) and shall expire on the fifth anniversary of the issuance date
of  such  Warrants.

Representations  and  Warranties

     -     Representations  and  Warranties  of the Company.  The Company hereby
           ------------------------------------------------
makes  the  following  representations  and  warranties  to  the  Purchaser:

(a)     -Organization,  Good  Standing  and Power.  The Company is a corporation
         ----------------------------------------
duly  incorporated,  validly existing and in good standing under the laws of the
State  of  Utah  and has the requisite corporate power to own, lease and operate
its  properties  and  assets  and  to  conduct  its  business as it is now being
conducted.  The  Company  does  not have any subsidiaries except as set forth on
Schedule  2.1(g) hereto.  The Company and each such subsidiary is duly qualified
  --------------
as  a  foreign  corporation  to  do  business  and  is in good standing in every
jurisdiction  in which the nature of the business conducted or property owned by
it  makes  such qualification necessary except for any jurisdiction(s) (alone or
in  the  aggregate)  in  which  the  failure  to be so qualified will not have a
Material  Adverse Effect.  For the purposes of this Agreement, "Material Adverse
Effect"  means  any  adverse  effect  on  the  business, operations, properties,
prospects,  or  financial condition of the Company or its subsidiaries and which
is  material  to such entity or other entities controlling or controlled by such
entity.

(b)     -Authorization;  Enforcement.  The  Company  has the requisite corporate
         ---------------------------
power  and  authority to enter into and perform this Agreement, the Registration
Rights  Agreement  attached  hereto  as  Exhibit  D  (the  "Registration  Rights
Agreement"), the Transfer Agent Instructions (as defined in Section 3.14 hereof)
     and  the  Warrant  (collectively, the "Transaction Documents") and to issue
and  sell  the  Shares  in  accordance with the terms hereof and the Warrant, as
applicable.  The  execution,  delivery  and  performance  of  the  Transaction
Documents  by  the  Company  and  the  consummation  by  it  of the transactions
contemplated  hereby  and  thereby  have been duly and validly authorized by all
necessary  corporate  action,  and  no  further  consent or authorization of the
Company  or  its Board of Directors or stockholders is required.  This Agreement
has  been  duly  executed and delivered by the Company.  The Registration Rights
Agreement  will have been duly executed and delivered by the Company at Closing.
Each of the Transaction Documents constitutes, or shall constitute when executed
and delivered, a valid and binding obligation of the Company enforceable against
the  Company  in accordance with its terms, except as such enforceability may be
limited  by  applicable  bankruptcy,  insolvency,  reorganization,  moratorium,
liquidation,  conservatorship,  receivership  or  similar  laws  relating to, or
affecting  generally  the  enforcement  of, creditor's rights and remedies or by
other  equitable  principles  of  general  application.

(c)     -Capitalization.  The  authorized  capital  stock of the Company and the
         --------------
shares thereof currently issued and outstanding as of September 20, 2001 are set
     forth  on  Schedule  2.1(c)  hereto.  All  of the outstanding shares of the
                ----------------
Company's  Common  Stock  have  been duly and validly authorized.  Except as set
forth  in  this Agreement and the Registration Rights Agreement and as set forth
on  Schedule 2.1(c) hereto, no shares of Common Stock are entitled to preemptive
    ---------------
rights  or  registration  rights and there are no outstanding options, warrants,
scrip,  rights  to subscribe to, call or commitments of any character whatsoever
relating  to,  or  securities  or rights convertible into, any shares of capital
stock  of  the  Company.  Furthermore, except as set forth in this Agreement and
the Registration Rights Agreement and as set forth on Schedule 2.1(c), there are
                                                      ---------------
no  contracts, commitments, understandings, or arrangements by which the Company
is  or  may  become bound to issue additional shares of the capital stock of the
Company  or  options,  securities  or  rights convertible into shares of capital
stock  of  the Company.  Except for customary transfer restrictions contained in
agreements entered into by the Company in order to sell restricted securities or
as  provided  on  Schedule  2.1  (c)  hereto,  the Company is not a party to any
                  ------------------
agreement  granting  registration  or  anti-dilution  rights  to any person with
respect to any of its equity or debt securities.  The Company is not a party to,
and  it has no knowledge of, any agreement restricting the voting or transfer of
any shares of the capital stock of the Company.  Except as set forth on Schedule
                                                                        --------
2.1(c)  hereto, the offer and sale of all capital stock, convertible securities,
------
rights, warrants, or options of the Company issued prior to the Closing complied
with  all applicable Federal and state securities laws, and no stockholder has a
right  of rescission or damages with respect thereto which would have a Material
Adverse  Effect (as defined in Section 2.1(e) herein) on the Company's financial
condition  or operating results.  The Company has furnished or made available to
the  Purchaser  true  and  correct  copies  of  the  Company's  Certificate  of
Incorporation  as  in  effect  on  the  date hereof (the "Certificate"), and the
Company's  Bylaws  as  in  effect  on  the  date  hereof  (the  "Bylaws").

(d)     -Issuance  of  Note.  The Note to be issued at the Closing has been duly
         ------------------
authorized  by  all  necessary  corporate action and, when paid for or issued in
accordance  with  the  terms  hereof,  the  Note  shall  be  validly  issued and
outstanding,  fully  paid  and  nonassessable  and  free and clear of all liens,
encumbrances  and rights of refusal of any kind.  When the Conversion Shares and
the  Warrant  Shares are issued in accordance with the terms of the Note and the
Warrant,  respectively,  such  shares  will  be duly authorized by all necessary
corporate  action  and  validly  issued  and  outstanding,  fully  paid  and
nonassessable,  and  the  holders  shall be entitled to all rights accorded to a
holder  of  Common  Stock.

(e)     -No  Conflicts.  The  execution,  delivery  and  performance  of  the
         -------------
Transaction  Documents by the Company and the consummation by the Company of the
transactions contemplated herein and therein do not (i) violate any provision of
     the  Company's  Certificate  or Bylaws, (ii) conflict with, or constitute a
default  (or  an event which with notice or lapse of time or both would become a
default)  under,  or  give  to  others  any  rights  of  termination, amendment,
acceleration  or  cancellation  of,  any  agreement,  mortgage,  deed  of trust,
indenture,  note,  bond,  license,  lease agreement, instrument or obligation to
which  the  Company  is  a  party,  (iii)  create  or  impose  a lien, charge or
encumbrance on any property of the Company under any agreement or any commitment
to which the Company is a party or by which the Company is bound or by which any
of  its respective properties or assets are bound, or (iv) result in a violation
of  any  federal,  state,  local  or  foreign  statute, rule, regulation, order,
judgment or decree (including Federal and state securities laws and regulations)
applicable to the Company or any of its subsidiaries or by which any property or
asset  of  the Company or any of its subsidiaries are bound or affected, except,
in  all  cases  other  than  violations  pursuant  to clause (i) above, for such
conflicts,  defaults,  terminations, amendments, acceleration, cancellations and
violations  as  would  not,  individually  or  in the aggregate, have a Material
Adverse  Effect.  The  business of the Company and its subsidiaries is not being
conducted  in  violation  of  any  laws,  ordinances  or  regulations  of  any
governmental  entity,  except for possible violations which singularly or in the
aggregate  do  not  and will not have a Material Adverse Effect.  The Company is
not required under Federal, state or local law, rule or regulation to obtain any
consent, authorization or order of, or make any filing or registration with, any
court  or governmental agency in order for it to execute, deliver or perform any
of  its  obligations under the Transaction Documents or issue and sell the Note,
the Conversion Shares and the Warrant Shares in accordance with the terms hereof
or  thereof  (other  than  any  filings  which may be required to be made by the
Company with the Commission or state securities administrators subsequent to the
Closing  or  any  registration  statement  which  may be filed pursuant hereto);
provided  that,  for  purposes  of the representation made in this sentence, the
Company  is  assuming  and  relying  upon  the  accuracy  of  the  relevant
representations  and  agreements  of  the  Purchaser  herein.

(f)     -Commission  Documents,  Financial  Statements.  The Common Stock of the
         ---------------------------------------------
Company  is  registered  pursuant  to  Section  12(b) or 12(g) of the Securities
Exchange  Act  of  1934,  as  amended  (the "Exchange Act"), and the Company has
timely  filed  all  reports,  schedules,  forms,  statements and other documents
required  to  be  filed  by  it  with  the  Commission pursuant to the reporting
requirements  of  the Exchange Act, including material filed pursuant to Section
13(a)  or  15(d)  of  the  Exchange  Act (all of the foregoing including filings
incorporated  by  reference  therein being referred to herein as the "Commission
Documents").  The  Company has delivered or made available to the Purchaser true
and  complete copies of the Commission Documents filed with the Commission since
June  30,  2001.  The  Company  has  not  provided to the Purchaser any material
non-public  information or other information which, according to applicable law,
rule or regulation, should have been disclosed publicly by the Company but which
     has  not  been  so  disclosed,  other than with respect to the transactions
contemplated  by  this  Agreement.  As  of  their  respective dates, the audited
financial statements as presented in the Commission Documents for the year ended
September  30, 2000 (the "Financial Statement") and the Form 10-Q for the fiscal
quarter  ended June 30, 2001 (the "Form 10-Q") complied in all material respects
with  the  requirements of the Exchange Act and the rules and regulations of the
Commission promulgated thereunder and other federal, state and local laws, rules
and regulations applicable to such documents, and, as of their respective dates,
neither  the  Financial  Statement nor the Form 10-Q referred to above contained
any  untrue  statement  of  a  material fact or omitted to state a material fact
required  to  be  stated  therein  or  necessary in order to make the statements
therein,  in  light  of  the  circumstances  under  which  they  were  made, not
misleading.  The  financial statements of the Company included in the Commission
Documents  comply as to form in all material respects with applicable accounting
requirements  and the published rules and regulations of the Commission or other
applicable  rules  and  regulations  with  respect  thereto.  Such  financial
statements  have  been prepared in accordance with generally accepted accounting
principles  ("GAAP")  applied  on a consistent basis during the periods involved
(except  (i)  as  may be otherwise indicated in such financial statements or the
notes thereto or (ii) in the case of unaudited interim statements, to the extent
they  may  not include footnotes or may be condensed or summary statements), and
fairly  present  in  all material respects the financial position of the Company
and  its  subsidiaries as of the dates thereof and the results of operations and
cash  flows  for  the  periods  then  ended  (subject,  in the case of unaudited
statements,  to  normal  year-end  audit  adjustments).

(g)     -Subsidiaries.  Schedule 2.1(g) hereto sets forth each subsidiary of the
         ------------   ---------------
     Company,  showing the jurisdiction of its incorporation or organization and
showing  the  percentage  of each person's ownership of the outstanding stock or
other  interests  of  such  subsidiary.  For  the  purposes  of  this Agreement,
"subsidiary"  shall  mean  any  corporation  or other entity of which at least a
majority  of  the  securities or other ownership interest having ordinary voting
power  (absolutely  or  contingently)  for  the  election  of directors or other
persons  performing  similar  functions  are  at  the  time  owned  directly  or
indirectly  by  the  Company  and/or  any of its other subsidiaries.  All of the
outstanding shares of capital stock of each subsidiary have been duly authorized
and  validly  issued,  and  are  fully  paid  and  nonassessable.  There  are no
outstanding  preemptive,  conversion  or  other  rights,  options,  warrants  or
agreements  granted or issued by or binding upon any subsidiary for the purchase
or  acquisition  of  any  shares of capital stock of any subsidiary or any other
securities  convertible  into,  exchangeable  for  or  evidencing  the rights to
subscribe  for  any  shares  of such capital stock.  Neither the Company nor any
subsidiary  is subject to any obligation (contingent or otherwise) to repurchase
or otherwise acquire or retire any shares of the capital stock of any subsidiary
or any convertible securities, rights, warrants or options of the type described
in  the preceding sentence.  Neither the Company nor any subsidiary is party to,
nor  has  any  knowledge of, any agreement restricting the voting or transfer of
any  shares  of  the  capital  stock  of  any  subsidiary.

(h)     -No  Material  Adverse  Change.  Since  June  30, 2001, the date through
         -----------------------------
which  the  most  recent  quarterly  report of the Company on Form 10-Q has been
prepared  and  filed  with  the  Commission,  a copy of which is included in the
Commission  Documents,  the Company has not experienced or suffered any Material
Adverse  Effect.

(i)     -No  Undisclosed  Liabilities.  Neither  the  Company  nor  any  of  its
         ----------------------------
subsidiaries  has  any  liabilities,  obligations,  claims  or  losses  (whether
liquidated  or unliquidated, secured or unsecured, absolute, accrued, contingent
or  otherwise) other than those incurred in the ordinary course of the Company's
or  its  subsidiaries  respective  businesses  since  March  31, 2001 and which,
individually  or  in  the aggregate, do not or would not have a Material Adverse
Effect  on  the  Company  or  its  subsidiaries.

(j)     -No  Undisclosed  Events or Circumstances.  No event or circumstance has
         ----------------------------------------
occurred  or  exists  with  respect  to the Company or its subsidiaries or their
respective businesses, properties, prospects, operations or financial condition,
     which, under applicable law, rule or regulation, requires public disclosure
or  announcement  by the Company but which has not been so publicly announced or
disclosed.

(k)     -Indebtedness.  Schedule  2.1(k) hereto sets forth as of the date hereof
         ------------   ----------------
all  outstanding  secured  and  unsecured  Indebtedness  of  the  Company or any
subsidiary, or for which the Company or any subsidiary has commitments.  For the
     purposes  of  this Agreement, "Indebtedness" shall mean (a) any liabilities
for  borrowed  money  or  amounts  owed  in  excess of $75,000 (other than trade
accounts  payable  incurred  in  the  ordinary  course  of  business),  (b)  all
guaranties,  endorsements  and  other  contingent  obligations  in  respect  of
Indebtedness  of  others,  whether or not the same are or should be reflected in
the  Company's  balance  sheet  (or  the  notes  thereto),  except guaranties by
endorsement  of  negotiable  instruments  for  deposit  or collection or similar
transactions  in  the  ordinary course of business; and (c) the present value of
any  lease  payments  in  excess  of  $75,000  due  under  leases required to be
capitalized  in  accordance  with  GAAP.  Except as set forth on Schedule 2.1(k)
                                                                 ---------------
hereto, neither the Company nor any subsidiary is in default with respect to any
Indebtedness.

(l)     -Title  to  Assets.  Except as set forth on Schedule 2.1(k) hereto, each
         -----------------                          ---------------
of  the Company and the subsidiaries has good and marketable title to all of its
real  and  personal  property,  free  of any mortgages, pledges, charges, liens,
security  interests  or  other  encumbrances,  except  for  those  such  that,
individually  or in the aggregate, do not cause a Material Adverse Effect on the
Company's  financial  condition  or  operating  results.  All said leases of the
Company  and each of its subsidiaries are valid and subsisting and in full force
and  effect.

(m)     -Actions  Pending.  There  is  no  action, suit, claim, investigation or
         ----------------
proceeding  pending  or, to the knowledge of the Company, threatened against the
Company  or any subsidiary which questions the validity of this Agreement or the
transactions  contemplated  hereby  or  any action taken or to be taken pursuant
hereto or thereto.  Except as set forth in the Commission Documents, there is no
     action,  suit,  claim,  investigation  or  proceeding  pending  or,  to the
knowledge  of  the  Company,  threatened,  against or involving the Company, any
subsidiary or any of their respective properties or assets.  Except as set forth
on  Schedule  2.1(m)  hereto,  there  are  no  outstanding  orders,  judgments,
    ----------------
injunctions,  awards  or  decrees  of  any  court, arbitrator or governmental or
   ------
regulatory  body  against  the  Company  or  any  subsidiary  or any officers or
   --
directors  of  the Company or subsidiary in their capacities as such that would,
   --
individually  or  in  the  aggregate,  have  a  Material  Adverse  Effect.

(n)     -Compliance  with Law.  The business of the Company and the subsidiaries
         --------------------
has  been  and  is  presently  being conducted in accordance with all applicable
federal,  state  and local governmental laws, rules, regulations and ordinances,
except  such  that,  individually  or  in the aggregate, do not cause a Material
Adverse  Effect.  The  Company and each of its subsidiaries have all franchises,
permits,  licenses, consents and other governmental or regulatory authorizations
and  approvals  necessary for the conduct of its business as now being conducted
by it unless the failure to possess such franchises, permits, licenses, consents
     and  other  governmental  or  regulatory  authorizations  and  approvals,
individually  or  in  the  aggregate, could not reasonably be expected to have a
Material  Adverse  Effect.

(o)     -Taxes.  The  Company  and  each  of  the  subsidiaries  has  accurately
         -----
prepared  and  filed all federal, state and other tax returns required by law to
be  filed  by it, has paid or made provisions for the payment of all taxes shown
to  be due and all additional assessments, and adequate provisions have been and
are  reflected  in  the financial statements of the Company and the subsidiaries
for  all  current taxes and other charges to which the Company or any subsidiary
is  subject  and  which  are not currently due and payable.  None of the federal
income  tax  returns  of  the Company or any subsidiary have been audited by the
Internal  Revenue  Service.  The  Company  has  no  knowledge  of any additional
assessments,  adjustments or contingent tax liability (whether federal or state)
pending  or threatened against the Company or any subsidiary for any period, nor
of  any  basis  for  any  such  assessment,  adjustment  or  contingency.

(p)     -Certain  Fees.  Except  as  set  forth  on  Schedule  2.1(p) hereto, no
         -------------                               ----------------
brokers,  finders  or  financial advisory fees or commissions will be payable by
the  Company or any subsidiary or any Purchaser with respect to the transactions
contemplated  by  this  Agreement.

(q)     -Disclosure.  To  the  best  of  the  Company's  knowledge, neither this
         ----------
Agreement  or  the  Schedules  hereto  nor  any other documents, certificates or
instruments  furnished  to  the  Purchaser by or on behalf of the Company or any
subsidiary  in  connection  with the transactions contemplated by this Agreement
contain any untrue statement of a material fact or omit to state a material fact
     necessary  in  order  to make the statements made herein or therein, in the
light  of  the  circumstances  under which they were made herein or therein, not
misleading.

(r)     -Operation  of  Business.  The Company and each of the subsidiaries owns
         -----------------------
or  possesses  all patents, trademarks, domain names (whether or not registered)
and  any  patentable  improvements  or  copyrightable  derivative works thereof,
websites and intellectual property rights relating thereto, service marks, trade
     names,  copyrights, licenses and authorizations and all rights with respect
to  the  foregoing,  which  are necessary for the conduct of its business as now
conducted  without  any  conflict  with  the  rights  of  others.

(s)     -Environmental  Compliance.  The  Company  and  each of its subsidiaries
         -------------------------
have  obtained  all  material  approvals, authorization, certificates, consents,
licenses, orders and permits or other similar authorizations of all governmental
     authorities,  or  from  any  other  person,  that  are  required  under any
Environmental Laws.  No material permits, licenses and other authorizations have
been  issued  under  any  Environmental Laws to the Company or its subsidiaries.
"Environmental  Laws"  shall mean all applicable laws relating to the protection
of the environment including, without limitation, all requirements pertaining to
reporting,  licensing,  permitting,  controlling,  investigating  or remediating
emissions,  discharges, releases or threatened releases of hazardous substances,
chemical  substances, pollutants, contaminants or toxic substances, materials or
wastes, whether solid, liquid or gaseous in nature, into the air, surface water,
groundwater  or  land, or relating to the manufacture, processing, distribution,
use,  treatment,  storage,  disposal,  transport  or  handling  of  hazardous
substances,  chemical  substances, pollutants, contaminants or toxic substances,
material or wastes, whether solid, liquid or gaseous in nature.  The Company has
all  necessary  governmental approvals required under all Environmental Laws and
used in its business or in the business of any of its subsidiaries.  The Company
and  each of its subsidiaries are also in compliance with all other limitations,
restrictions,  conditions,  standards,  requirements,  schedules  and timetables
required  or imposed under all Environmental Laws.  Except for such instances as
would not individually or in the aggregate have a Material Adverse Effect, there
are  no past or present events, conditions, circumstances, incidents, actions or
omissions  relating  to  or in any way affecting the Company or its subsidiaries
that  violate or may violate any Environmental Law after the Closing or that may
give  rise  to  any  environmental liability, or otherwise form the basis of any
claim,  action,  demand,  suit,  proceeding, hearing, study or investigation (i)
under  any  Environmental  Law,  or (ii) based on or related to the manufacture,
processing,  distribution, use, treatment, storage (including without limitation
underground  storage  tanks),  disposal, transport or handling, or the emission,
discharge,  release  or  threatened  release  of  any  hazardous  substance.
"Environmental  Liabilities"  means  all  liabilities  of a person (whether such
liabilities  are  owed by such person to governmental authorities, third parties
or  otherwise)  whether  currently in existence or arising hereafter which arise
under  or  relate  to  any  Environmental  Law.

(t)     -Books  and  Records  Internal  Accounting  Controls.  The  records  and
         ---------------------------------------------------
documents of the Company and its subsidiaries accurately reflect in all material
     respects  the  information  relating to the business of the Company and the
subsidiaries, the location and collection of their assets, and the nature of all
transactions  giving  rise  to  the  obligations  or  accounts receivable of the
Company  or any subsidiary.  The Company and each of its subsidiaries maintain a
system  of  internal  accounting  controls  sufficient,  in  the judgment of the
Company's  board  of  directors,  to  provide  reasonable  assurance  that  (i)
transactions  are  executed  in accordance with management's general or specific
authorizations,  (ii)  transactions  are  recorded  as  necessary  to  permit
preparation  of  financial  statements  in  conformity  with  generally accepted
accounting  principles  and  to  maintain  asset accountability, (iii) access to
assets  is  permitted  only  in accordance with management's general or specific
authorization  and  (iv) the recorded accountability for assets is compared with
the  existing  assets  at  reasonable intervals and appropriate actions is taken
with  respect  to  any  differences.

(u)     -Material  Agreements.  Except  as  set forth on Schedule 2.1(u) hereto,
         --------------------                            ---------------
neither  the  Company  nor  any  subsidiary  is  a  party to any written or oral
contract,  instrument, agreement, commitment, obligation, plan or arrangement, a
copy of which would be required to be filed with the Commission as an exhibit to
     a  registration  statement  on  Form  S-1 or applicable form (collectively,
"Material  Agreements")  if  the  Company  or  any  subsidiary  were registering
securities  under  the Securities Act.  The Company and each of its subsidiaries
has  in  all  material  respects  performed  all  the obligations required to be
performed  by  them  to  date  under  the foregoing agreements, have received no
notice of default and, to the best of the Company's knowledge are not in default
under  any  Material  Agreement now in effect, the result of which could cause a
Material  Adverse  Effect.  No  written or oral contract, instrument, agreement,
commitment,  obligation, plan or arrangement of the Company or of any subsidiary
limits  or  shall  limit  the  payment  of  dividends on the Company's Note, its
preferred  stock,  if  any,  or  its  Common  Stock.

(v)     -Transactions  with  Affiliates.  Except  as set forth in the Commission
         ------------------------------
Documents  and  as  set  forth  on  Schedule  2.1(v) hereto, there are no loans,
                                    ----------------
leases,  agreements,  contracts,  royalty  agreements,  management  contracts or
arrangements or other continuing transactions exceeding $100,000 between (a) the
     Company,  any  subsidiary or any of their respective customers or suppliers
on the one hand, and (b) on the other hand, any officer, employee, consultant or
director  of  the  Company, or any of its subsidiaries, or any person owning any
capital  stock  of  the Company or any subsidiary or any member of the immediate
family  of  such  officer,  employee, consultant, director or stockholder or any
corporation  or  other  entity controlled by such officer, employee, consultant,
director  or  stockholder,  or a member of the immediate family of such officer,
employee,  consultant,  director  or  stockholder.

(w)     -Securities  Act of 1933.  The Company has complied and will comply with
         -----------------------
all  applicable  Federal and state securities laws in connection with the offer,
issuance  and  sale  of the Note and the Warrant hereunder.  Neither the Company
nor anyone acting on its behalf, directly or indirectly, has or will sell, offer
     to  sell  or  solicit  offers  to  buy  the  Note,  the  Warrant or similar
securities  to,  or  solicit offers with respect thereto from, or enter into any
preliminary  conversations or negotiations relating thereto with, any person, or
has  taken  or  will take any action so as to bring the issuance and sale of the
Note and the Warrant under the registration provisions of the Securities Act and
applicable  state  securities  laws.  Neither  the  Company  nor  any  of  its
affiliates,  nor  any  person  acting on its or their behalf, has engaged in any
form  of  general  solicitation  or  general  advertising (within the meaning of
Regulation  D  under the Securities Act) in connection with the offer or sale of
the  Note  and  the  Warrant.

(x)     -Governmental  Approvals.  Except  for the filing of any notice prior or
         -----------------------
subsequent  to  the  Closing  that may be required under applicable state and/or
Federal  securities  laws (which if required, shall be filed on a timely basis),
including  the  filing of a registration statement or statements pursuant to the
Registration  Rights  Agreement,  no  authorization, consent, approval, license,
exemption  of, filing or registration with any court or governmental department,
commission, board, bureau, agency or instrumentality, domestic or foreign, is or
     will  be necessary for, or in connection with, the execution or delivery of
the  Note,  or  for  the performance by the Company of its obligations under the
Transaction  Documents.

(y)     -Employees.  Neither  the  Company nor any subsidiary has any collective
         ---------
bargaining  arrangements  or  agreements covering any of its employees.  Neither
the  Company nor any subsidiary has any employment contract, agreement regarding
proprietary  information, non-competition agreement, non-solicitation agreement,
confidentiality  agreement,  or  any  other  similar  contract  or  restrictive
covenant,  relating  to  the  right of any officer, employee or consultant to be
employed or engaged by the Company or such subsidiary.  Since March 31, 2001, no
     officer,  consultant or key employee of the Company or any subsidiary whose
termination,  either  individually  or  in  the aggregate, could have a Material
Adverse  Effect,  has  terminated  or,  to the knowledge of the Company, has any
present  intention  of  terminating his or her employment or engagement with the
Company  or  any  subsidiary.

(z)     -Absence  of  Certain  Developments.  Except  as  set  forth on Schedule
         ----------------------------------                             --------
2.1(z)  hereto, since June 30, 2001, neither the Company nor any subsidiary has:
     -

     (i)     issued  any  stock,  bonds  or  other  corporate  securities or any
rights,  options  or  warrants  with  respect  thereto;

     (ii)     borrowed  any  amount  or  incurred  or  become  subject  to  any
liabilities  (absolute or contingent) except current liabilities incurred in the
ordinary  course  of  business  which are comparable in nature and amount to the
current  liabilities  incurred  in  the  ordinary  course of business during the
comparable  portion of its prior fiscal year, as adjusted to reflect the current
nature  and  volume  of  the  Company's  or  such  subsidiary's  business;

     (iii)     discharged  or satisfied any material lien or encumbrance or paid
any  material  obligation  or  liability  (absolute  or  contingent), other than
current  liabilities  paid  in  the  ordinary  course  of  business;

     (iv)     declared  or  made  any  payment  or distribution of cash or other
property to stockholders with respect to its stock, or purchased or redeemed, or
made  any  agreements so to purchase or redeem, any shares of its capital stock;

     (v)     sold,  assigned  or  transferred  any  other  tangible  assets,  or
canceled  any  material  debts  or  claims,  except  in  the  ordinary course of
business;

     (vi)     sold, assigned or transferred any patent rights, trademarks, trade
names,  copyrights,  trade  secrets  or  other intangible assets or intellectual
property  rights,  or  disclosed any proprietary confidential information to any
person  except  to  customers  in  the  ordinary  course  of  business or to the
Purchaser  or  its  representatives;

     (vii)     suffered  any substantial losses or waived any rights of material
value,  whether  or not in the ordinary course of business, or suffered the loss
of  any  material  amount  of  prospective  business;

     (viii)     made any changes in employee compensation except in the ordinary
course  of  business  and  consistent  with  past  practices;

     (ix)     made  capital  expenditures or commitments therefor that aggregate
in  excess  of  $100,000;

     (x)     entered  into  any  other  transaction  other  than in the ordinary
course  of  business, or entered into any other material transaction, whether or
not  in  the  ordinary  course  of  business;

     (xi)     made  charitable  contributions  or  pledges in excess of $25,000;

     (xii)     suffered  any  material  damage,  destruction  or  casualty loss,
whether  or  not  covered  by  insurance;

     (xiii)     experienced  any  material  problems with labor or management in
connection  with  the  terms  and  conditions  of  their  employment;

     (xiv)     effected  any  two  or more events of the foregoing kind which in
the  aggregate  would  be  material  to  the  Company  or  its  subsidiaries; or

     (xv)     entered  into  an  agreement, written or otherwise, to take any of
the  foregoing  actions.

(aa)     -Use  of Proceeds.  The proceeds from the sale of the Note will be used
          ----------------
by  the  Company  for  working  capital  and  general  corporate  purposes.

     (ab)     Public  Utility  Holding  Company  Act  and Investment Company Act
              ------------------------------------------------------------------
Status.  The Company is not a "holding company" or a "public utility company" as
    --
such  terms  are  defined  in the Public Utility Holding Company Act of 1935, as
amended.  The  Company  is  not, and as a result of and immediately upon Closing
will not be, an "investment company" or a company "controlled" by an "investment
company,"  within the meaning of the Investment Company Act of 1940, as amended.

     (ac)     ERISA.  No  liability  to the Pension Benefit Guaranty Corporation
              -----
has  been  incurred  with  respect  to  any  Plan  by  the Company or any of its
subsidiaries  which  is  or  would  be materially adverse to the Company and its
subsidiaries.  The  execution  and  delivery of this Agreement and the issue and
sale  of  the  Note  will  not  involve  any transaction which is subject to the
prohibitions  of Section 406 of ERISA or in connection with which a tax could be
imposed  pursuant  to  Section  4975  of  the  Internal Revenue Code of 1986, as
amended,  provided  that,  if the Purchaser, or any person or entity that owns a
beneficial  interest  in  the  Purchaser,  is an "employee pension benefit plan"
(within  the meaning of Section 3(2) of ERISA) with respect to which the Company
is  a  "party  in  interest" (within the meaning of Section 3(14) of ERISA), the
requirements  of Sections 407(d)(5) and 408(e) of ERISA, if applicable, are met.
As used in this Section 2.1(ac), the term "Plan" shall mean an "employee pension
benefit  plan"  (as  defined  in  Section  3  of  ERISA)  which  is  or has been
established  or  maintained, or to which contributions are or have been made, by
the  Company  or  any  subsidiary  or  by  any trade or business, whether or not
incorporated,  which,  together  with  the  Company  or any subsidiary, is under
common  control,  as  described  in  Section  414(b)  or  (c)  of  the  Code.

     (ad)     Dilutive  Effect.  The  Company  understands and acknowledges that
              ----------------
the  number  of  Conversion  Shares issuable upon conversion of the Note and the
Warrant  Shares  issuable  upon exercise of the Warrant will increase in certain
circumstances.  The  Company  further  acknowledges that its obligation to issue
Conversion  Shares upon conversion of the Note in accordance with this Agreement
and its obligations to issue the Warrant Shares upon the exercise of the Warrant
in  accordance  with  this Agreement and the Warrant, is, in each case, absolute
and  unconditional regardless of the dilutive effect that such issuance may have
on  the  ownership  interest  of  other  stockholders  of  the  Company.

     (ae)   No "Directed Selling Efforts." In connection with the offer and sale
          --------------------------------
of  the  Note  and  the  Warrant, no distributor or any affiliates or any person
acting  on  behalf  of  the  Company  or  any  affiliate  of  the Company or any
distributor  has  engaged  in  any  "directed  selling efforts" (as such term is
defined  under  Regulation S) nor conducted any general solicitation relating to
the  offer to persons residing within the United States or to "U.S. Persons" (as
that  term  is  defined  under  Regulation  S).

     (af)  Filings Under the Act and the Exchange Act. The Company has filed all
          -------------------------------------------
reports  and  other  documents  required to be filed by it under the Act and the
Exchange  Act,  and  no  such  document, at the time it was filed, contained any
untrue  statement  of  a  material  fact  or  omitted  to  state a material fact
necessary  to  make  the  statements  contained  therein,  in  the  light of the
circumstances  under  which  they  were made, not misleading.  There has been no
material  change in the Company since its last filing with the Commission except
for  changes  in  senior  management.  The  Company  is  a "reporting issuer" as
defined  in  Rule  902 of Regulation S and will remain a reporting issuer for at
least  one  year  from  the  date  hereof.

     -     Representations  and  Warranties  of  the  Purchaser.  The  Purchaser
           ----------------------------------------------------
hereby  makes  the  following  representations  and  warranties  to the Company:

     (a)     Organization  and  Standing  of  the Purchaser.  The Purchaser is a
             ----------------------------------------------
corporation  or partnership duly incorporated or organized, validly existing and
in  good  standing  under  the  laws of the jurisdiction of its incorporation or
organization.

     (b)     Authorization and Power.  The Purchaser has the requisite power and
             -----------------------
authority  to  enter  into  and  perform this Agreement and to purchase the Note
being  sold  to  it  hereunder.  The execution, delivery and performance of this
Agreement  and  the  Registration  Rights  Agreement  by  such Purchaser and the
consummation by it of the transactions contemplated hereby and thereby have been
duly  authorized  by  all  necessary  corporate  or  partnership  action (if the
Purchaser  is  an  entity),  and  no  further  consent  or authorization of such
Purchaser  or its Board of Directors, stockholders, or partners, as the case may
be,  is  required.  Each of this Agreement and the Registration Rights Agreement
has  been  duly  authorized,  executed  and  delivered  by  such  Purchaser.

     (c)     -No  Conflicts.  The  execution,  delivery  and performance of this
              -------------
Agreement  and  the  Registration  Rights Agreement and the consummation by such
Purchaser of the transactions contemplated hereby and thereby or relating hereto
do  not  and  will  not  (i)  result  in a violation of such Purchaser's charter
documents  or bylaws or (ii) conflict with, or constitute a default (or an event
which  with  notice  or  lapse of time or both would become a default) under, or
give  to  others  any  rights  of  termination,  amendment,  acceleration  or
cancellation  of  any agreement, indenture or instrument to which such Purchaser
is  a  party,  or  result in a violation of any law, rule, or regulation, or any
order, judgment or decree of any court or governmental agency applicable to such
Purchaser  or its properties (except for such conflicts, defaults and violations
as  would  not, individually or in the aggregate, have a Material Adverse Effect
on  such  Purchaser).  Such  Purchaser  is  not  required to obtain any consent,
authorization or order of, or make any filing or registration with, any court or
governmental  agency  in  order for it to execute, deliver or perform any of its
obligations  under  this  Agreement  or  the  Registration  Rights Agreement, or
relating hereto or thereto, or to purchase the Note in accordance with the terms
hereof,  provided that for purposes of the representation made in this sentence,
such  Purchaser  is  assuming  and  relying  upon  the  accuracy of the relevant
representations  and  agreements  of  the  Company  herein.

     (d)     Acquisition  for  Investment.  The Purchaser is purchasing the Note
             ----------------------------
and  acquiring  the  Warrant  solely  for  its  own  account  for the purpose of
investment  and  not with a view to or for sale in connection with distribution.
The Purchaser does not have a present intention to sell the Note or the Warrant,
nor  a  present  arrangement  (whether  or  not legally binding) or intention to
effect  any  distribution of the Note or the Warrant to or through any person or
entity; provided, however, that by making the representations herein and subject
        --------  -------
to  Section  2.2(f) below, such Purchaser does not agree to hold the Note or the
Warrant for any minimum or other specific term and reserves the right to dispose
of  the  Note  or  the Warrant at any time in accordance with Federal securities
laws  applicable  to  such  disposition.  Such Purchaser acknowledges that it is
able  to  bear  the financial risks associated with an investment in the Note or
the  Warrant  and  that  it  has  been  given full access to such records of the
Company  and  the  subsidiaries  and  to  the  officers  of  the Company and the
subsidiaries  as  it  has  deemed  necessary  or  appropriate to conduct its due
diligence  investigation.

     (e)     Accredited Purchaser.  The Purchaser is an "accredited investor" as
             --------------------
defined  in  Regulation D promulgated under the Securities Act and is a resident
of  the  jurisdiction  indicated  on  Exhibit  A  hereto.

     (f)     Rule  144.  The  Purchaser understands that the Shares must be held
             ---------
indefinitely  unless  such  Shares are registered under the Securities Act or an
exemption from registration is available.  Such Purchaser acknowledges that such
person is familiar with Rule 144 of the rules and regulations of the Commission,
as  amended,  promulgated  pursuant to the Securities Act ("Rule 144"), and that
such  person  has  been advised that Rule 144 permits resales only under certain
circumstances.  Such  Purchaser  understands that to the extent that Rule 144 is
not  available,  such  person  will  be unable to sell any Shares without either
registration under the Securities Act or the existence of another exemption from
such  registration  requirement.

     (g)     General.  Such  Purchaser  understands  that  the  Shares are being
             -------
offered  and sold in reliance on a transactional exemption from the registration
requirement of Federal and state securities laws and the Company is relying upon
the  truth  and  accuracy  of  the  representations,  warranties,  agreements,
acknowledgments  and  understandings of such Purchaser set forth herein in order
to  determine  the  applicability of such exemptions and the suitability of such
Purchaser  to  acquire  the  Shares.

     (h)  Foreign  Purchaser. The Purchaser  is  not  a "U.S. person" as defined
          ------------------
under  Rule  902(o)  of Regulation S under the Securities Act.  The Purchaser is
not  acquiring  the  Note  and  Warrant  for  the account or benefit of any U.S.
person.

     (i) Offshore Transaction. The document effecting this purchase and sale has
         --------------------
been  executed  by the Purchaser outside the "United States" (as defined in Rule
902(p)  of Regulation S).  The Purchaser is acquiring the Note and Warrant in an
"offshore  transaction"  (as  defined in Rule 902(i) of Regulation S).  The Note
and  Warrant  were  not offered to the Purchaser in the United States and at the
time  of  execution of this Agreement and the time of any offer to the Purchaser
to purchase the Note and Warrant hereunder, the Purchaser was physically outside
of  the  United  States.

     (j)   Independent Investigation; Advertisements. The Purchaser, in offering
          -------------------------------------------
to  purchase  the  Note  and  Warrant  hereunder,  has  relied  solely  upon  an
independent  investigation  made  by  such Purchaser and its representatives, if
any, and has, prior to the date hereof, been given access to and the opportunity
to  examine all books and records of the Company, and all material contracts and
documents  of  the  Company.  In  making its investment decision to purchase the
Note  and  Warrant,  the  Purchaser  is  not  relying  on  any  oral  or written
representations  or  assurances  from  the  Company  or  any other person or any
representation  of  the  Company  or any other person other than as set forth in
this  Agreement,  or  on  any  information other than contained in the Company's
public  filings  required  under the Act and the Exchange Act.  The Purchaser is
not  subscribing  for  the  Note and Warrant as a result of or subsequent to any
advertisement,  article,  notice  or  other  communication  published  in  any
newspaper,  magazine  or  similar media or broadcast over television or radio or
presented  at  any  seminar.

Covenants

     The  Company  covenants  with the Purchaser as follows, which covenants are
for  the  benefit  of  the  Purchaser  and  its  permitted assignees (as defined
herein).

          -Securities  Compliance.
           ----------------------

     (a)     The  Company  shall  notify the Commission in accordance with their
rules  and  regulations,  of  the  transactions  contemplated  by  any  of  the
Transaction  Documents,  and  shall take all necessary action and proceedings as
may  be  required  and permitted by applicable law, rule and regulation, for the
legal  and valid issuance of the Note and the Warrant Shares to the Purchaser or
subsequent  holders.

     (b)     The  Company  is  relying  upon  the  truth  and  accuracy  of  the
representations,  warranties,  agreements, acknowledgments and understandings of
the  Purchaser  set  forth  herein  in  order  to determine the applicability of
Federal  and  state  securities  laws  exemptions  and  the  suitability  of the
Purchaser  to  acquire  the  Note.

          -Registration and Listing.  The Company will cause its Common Stock to
           ------------------------
continue  to  be  registered  under Sections 12(b) or 12(g) of the Exchange Act,
will  comply in all respects with its reporting and filing obligations under the
Exchange  Act,  will  comply  with  all requirements related to any registration
statement filed pursuant to this Agreement or the Registration Rights Agreement,
and  will  not take any action or file any document (whether or not permitted by
the  Securities Act or the rules promulgated thereunder) to terminate or suspend
such  registration  or  to  terminate  or  suspend  its  reporting  and  filing
obligations  under  the  Exchange  Act  or  Securities  Act, except as permitted
herein.  The  Company  will take all action necessary to continue the listing or
trading of its Common Stock on the over-the-counter electronic bulletin board or
any  successor  market.

          -Inspection  Rights.  The Company shall permit, during normal business
           ------------------
hours  and  upon reasonable request and reasonable notice, each Purchaser or any
employees, agents or representatives thereof, so long as such Purchaser shall be
obligated  hereunder to purchase the Note or shall beneficially own any Note, or
shall  own  Conversion Shares which, in the aggregate, represent more than 2% of
the  total  combined  voting power of all voting securities then outstanding, to
examine and make reasonable copies of and extracts from the records and books of
account  of,  and  visit  and  inspect  the  properties,  assets, operations and
business of the Company and any subsidiary, and to discuss the affairs, finances
and  accounts  of  the  Company  and  any  subsidiary  with any of its officers,
consultants,  directors,  and  key  employees.

          -Compliance  with  Laws.  The  Company  shall  comply,  and cause each
           ----------------------
subsidiary  to  comply, with all applicable laws, rules, regulations and orders,
noncompliance  with  which  could  have  a  Material  Adverse  Effect.

          -Keeping  of Records and Books of Account.  The Company shall keep and
           ----------------------------------------
cause  each  subsidiary  to keep adequate records and books of account, in which
complete  entries  will  be  made  in accordance with GAAP consistently applied,
reflecting  all  financial transactions of the Company and its subsidiaries, and
in which, for each fiscal year, all proper reserves for depreciation, depletion,
obsolescence,  amortization,  taxes,  bad debts and other purposes in connection
with  its  business  shall  be  made.

          -Reporting  Requirements.  The  Company shall furnish the following to
           -----------------------
each  Purchaser  so  long  as  such  Purchaser  shall  be obligated hereunder to
purchase  the  Note  or shall beneficially own any Note, or shall own Conversion
Shares  which,  in  the  aggregate, represent more than 2% of the total combined
voting  power of all voting securities then outstanding, provided, however, that
                                                         --------  -------
the  Company  shall  not be obligated to furnish the following, if the following
reports  have  been  filed  by  the  Company with the Commission pursuant to the
Commission's  "electronic  data  gathering  and  retrieval"  (EDGAR)  service:

     (a)     Quarterly Reports filed with the Commission on Form 10-Q as soon as
available,  and  in  any event within 45 days after the end of each of the first
three  (3)  fiscal  quarters  of  the  Company;

     (b)     Annual  Reports  filed  with the Commission on Form 10-K as soon as
available,  and in any event within 90 days after the end of each fiscal year of
the  Company;  and

     (c)     Copies of all notices and information, including without limitation
notices  and proxy statements in connection with any meetings, that are provided
to  holders  of  shares  of Common Stock, contemporaneously with the delivery of
such  notices  or  information  to  such  holders  of  Common  Stock.

          -Amendments.  The  Company  shall  not amend or waive any provision of
           ----------
the  Certificate  or  Bylaws of the Company, or Registration Rights Agreement in
any  way  that  would  adversely  affect  the liquidation preferences, dividends
rights,  conversion rights, voting rights or redemption rights of the holders of
the  Note.

     -     Other  Agreements.  The Company shall not enter into any agreement in
           -----------------
which  the terms of such agreement would restrict or impair the right or ability
to  perform  of  the  Company  or any subsidiary under any Transaction Document.

     -     Distributions.  So  long  as any Note remain outstanding, the Company
           -------------
agrees  that  it  shall  not  (i)  declare  or  pay  any  dividends  or make any
distributions  to  any  holder(s)  of Common Stock or (ii) purchase or otherwise
acquire  for  value,  directly  or  indirectly, any Common Stock or other equity
security  of  the  Company.

          -Intentionally  Omitted.
           ----------------------

          Regulation  S.  The  Company  covenants and agrees that if the Company
          -------------
fails  to  register  the  Conversion Shares within 60 days from the Closing Date
under  the  terms  and  conditions of the Registration Rights Agreement attached
hereto  as  Exhibit  D,  then  for so long as such registration statement is not
effective  and  as  any  of  the  Shares  remain  outstanding and continue to be
"restricted securities" within the meaning of Rule 144 under the Securities Act,
the  Company  shall, in order to permit resales of any of the Shares pursuant to
Regulation  S  under  the  Securities  Act,  (a)  continue  to file all material
required to be filed pursuant to Section 13(a) or 15(d) of the Exchange Act, and
(b)  not  knowingly  engage  in  directed selling efforts in connection with the
resale  of  securities  by  any  Purchaser  under  Regulation  S.

          -Future  Financings.  The Company covenants and agrees that during the
           ------------------
period  from  the  Closing  Date through the 180th day immediately following the
effective  date  of  the  Registration Statement (as such term is defined in the
Registration  Rights  Agreement),  the  Company  shall  not, without the written
consent  of  the Purchaser, offer, sell or issue: (i) any shares of Common Stock
or  (ii) any securities convertible or exchangeable into Common Stock other than
a  Permitted  Financing.  For  purposes  of  this  Section  3.12,  a  "Permitted
Financing"  shall  mean  shares  of  Common  Stock  to be issued pursuant to the
Convertible  Note  Purchase  Agreement,  dated  November  26, 2001, by and among
certain  investors  and  the  Company.

     -     Reservation  of Shares.  Immediately upon the filing of a Certificate
           ----------------------
of  Amendment  to  the  Company's  Certificate  of  Incorporation  with the Utah
Secretary of State increasing its authorized capital stock and so long as any of
the  Notes  or  Warrants  remain  outstanding, the Company shall take all action
necessary  to  at  all  times  have  authorized, and reserved for the purpose of
issuance,  no  less  than 150% of the aggregate number of shares of Common Stock
needed  to  provide  for  the  issuance of the Conversion Shares and the Warrant
Shares.

     -     Transfer  Agent  Instructions.  The  Company  shall issue irrevocable
           -----------------------------
instructions  to its transfer agent, and any subsequent transfer agent, to issue
certificates,  registered  in  the  name  of  each  Purchaser  or its respective
nominee(s),  for the Conversion Shares and the Warrant Shares in such amounts as
specified  from time to time by each Purchaser to the Company upon conversion of
the  Note  or  exercise  of the Warrant in the form of Exhibit E attached hereto
(the  "Irrevocable  Transfer Agent Instructions").  Prior to registration of the
Conversion  Shares  and  the  Warrant  Shares under the Securities Act, all such
certificates  shall bear the restrictive legend specified in Section 6.1 of this
Agreement.  The  Company warrants that no instruction other than the Irrevocable
Transfer  Agent  Instructions  referred to in this Section 3.14 will be given by
the  Company to its transfer agent and that the Shares shall otherwise be freely
transferable  on  the  books  and  records  of  the Company as and to the extent
provided  in  this  Agreement and the Registration Rights Agreement.  Nothing in
this  Section  3.14  shall  affect  in  any way each Purchaser's obligations and
agreements  set  forth  in  Section 6.1 to comply with all applicable prospectus
delivery  requirements,  if  any,  upon  resale  of  the Shares.  If a Purchaser
provides the Company with an opinion of counsel, in a generally acceptable form,
to  the  effect  that a public sale, assignment or transfer of the Shares may be
made without registration under the Securities Act or the Purchaser provides the
Company  with reasonable assurances that the Shares can be sold pursuant to Rule
144  without  any  restriction  as  to the number of securities acquired as of a
particular  date that can then be immediately sold, the Company shall permit the
transfer,  and,  in  the  case  of the Conversion Shares and the Warrant Shares,
promptly  instruct  its transfer agent to issue one or more certificates in such
name  and  in  such denominations as specified by such Purchaser and without any
restrictive  legend.  The  Company  acknowledges  that  a  breach  by  it of its
obligations under this Section 3.14 will cause irreparable harm to the Purchaser
by  vitiating  the  intent  and  purpose of the transaction contemplated hereby.
Accordingly, the Company acknowledges that the remedy at law for a breach of its
obligations  under this Section 3.14 will be inadequate and agrees, in the event
of  a  breach  or  threatened  breach  by  the Company of the provisions of this
Section  3.14,  that  the  Purchaser shall be entitled, in addition to all other
available  remedies,  to  an  order and/or injunction restraining any breach and
requiring  immediate  issuance  and  transfer,  without the necessity of showing
economic  loss  and  without  any  bond  or  other  security  being  required.

Conditions

     -     Conditions  Precedent  to  the  Obligation of the Company to Sell the
           ---------------------------------------------------------------------
Note.  The  obligation  hereunder  of the Company to issue and sell the Note and
   -
the  Warrant  to  the  Purchaser is subject to the satisfaction or waiver, at or
before  the  Closing  Date,  of  each  of the conditions set forth below.  These
conditions  are  for the Company's sole benefit and may be waived by the Company
at  any  time  in  its  sole  discretion.

     (a)     Accuracy  of  Each Purchaser's Representations and Warranties.  The
             -------------------------------------------------------------
representations  and  warranties  of each Purchaser shall be true and correct in
all  material  respects  as  of the date when made and as of the Closing Date as
though  made  at  that  time, except for representations and warranties that are
expressly  made  as of a particular date, which shall be true and correct in all
material  respects  as  of  such  date.

     (b)     Performance  by the Purchaser.  The Purchaser shall have performed,
             -----------------------------
satisfied  and  complied in all material respects with all covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied
with  by  the  Purchaser  at  or  prior  to  the  Closing  Date.

     (c)     No  Injunction.  No  statute,  rule,  regulation,  executive order,
             --------------
decree,  ruling  or  injunction shall have been enacted, entered, promulgated or
endorsed  by any court or governmental authority of competent jurisdiction which
prohibits  the  consummation  of  any  of  the transactions contemplated by this
Agreement.

     Section  4.2     Conditions Precedent to the Obligation of the Purchaser to
                      ----------------------------------------------------------
Purchase the Note.  The obligation hereunder of the Purchaser to acquire and pay
-----------------
for  the  Note  and  the Warrant is subject to the satisfaction or waiver, at or
before  the  Closing  Date,  of  each  of the conditions set forth below.  These
conditions  are  for  the  Purchaser's  sole  benefit  and  may be waived by the
Purchaser  at  any  time  in  its  sole  discretion.

     (a)     Accuracy  of the Company's Representations and Warranties.  Each of
             ---------------------------------------------------------
the  representations  and warranties of the Company shall be true and correct in
all  material  respects  as  of the date when made and as of the Closing Date as
though  made  at that time (except for representations and warranties that speak
as  of  a  particular  date),  which  shall  be true and correct in all material
respects  as  of  such  date.

     (b)     Performance  by  the  Company.  The  Company  shall have performed,
             -----------------------------
satisfied  and  complied  in  all  respects  with  all covenants, agreements and
conditions  required  by  this  Agreement to be performed, satisfied or complied
with  by  the  Company  at  or  prior  to  the  Closing  Date.

     (c)     No  Suspension,  Etc.  From  the  date  hereof to the Closing Date,
             ---------------------
trading  in  the  Company's  Common  Stock  shall not have been suspended by the
Commission  (except  for any suspension of trading of limited duration agreed to
by the Company, which suspension shall be terminated prior to the Closing Date),
and,  at  any time prior to the Closing Date, trading in securities generally as
reported  by  Bloomberg  Financial  Markets  ("Bloomberg")  shall  not have been
suspended  or  limited,  or  minimum  prices  shall not have been established on
securities  whose  trades  are  reported  by Bloomberg, or on the New York Stock
Exchange, nor shall a banking moratorium have been declared either by the United
States or New York State authorities, nor shall there have occurred any material
outbreak  or  escalation  of  hostilities  or  other  national  or international
calamity  or  crisis of such magnitude in its effect on, or any material adverse
change  in  any  financial  market  which, in each case, in the judgment of such
Purchaser,  makes  it  impracticable  or  inadvisable  to  purchase  the  Note.

     (d)     No  Injunction.  No  statute,  rule,  regulation,  executive order,
             --------------
decree,  ruling  or  injunction shall have been enacted, entered, promulgated or
endorsed  by any court or governmental authority of competent jurisdiction which
prohibits  the  consummation  of  any  of  the transactions contemplated by this
Agreement.

     (e)     No Proceedings or Litigation.  No action, suit or proceeding before
             ----------------------------
any  arbitrator  or any governmental authority shall have been commenced, and no
investigation  by any governmental authority shall have been threatened, against
the  Company  or any subsidiary, or any of the officers, directors or affiliates
of  the  Company  or  any  subsidiary seeking to restrain, prevent or change the
transactions  contemplated  by  this Agreement, or seeking damages in connection
with  such  transactions.

     (f)     Opinion  of Counsel, Etc.  At the Closing, the Purchaser shall have
             -------------------------
received an opinion of counsel to the Company, dated the date of the Closing, in
the  form  of Exhibit F hereto, and such other certificates and documents as the
Purchaser  or  its  counsel  shall  reasonably  require incident to the Closing.

     (g)     Registration  Rights  Agreement.  At the Closing, the Company shall
             -------------------------------
have executed and delivered the Registration Rights Agreement to each Purchaser.

     (h)     Certificates.  The  Company  shall  have  executed and delivered to
             ------------
each  Purchaser, the certificates (in such denominations as such Purchaser shall
request)  for  the Note and the Warrant being purchased by such Purchaser at the
Closing.

     (i)     Resolutions.  Prior  to the Closing Date, the Board of Directors of
             -----------
the  Company shall have adopted resolutions consistent with Section 2.1(b) above
in  a  form  reasonably  acceptable  to  such  Purchaser  (the  "Resolutions").

     (j)     Reservation of Shares. Immediately upon the filing of a Certificate
             ---------------------
of  Amendment  to  the  Company's  Certificate  of  Incorporation  with the Utah
Secretary  of  State  increasing its authorized capital stock, the Company shall
authorize, reserve and maintain out of its authorized and unissued Common Stock,
solely  for the purpose of effecting the conversion of the Note and the exercise
of the Warrant, a number of shares of Common Stock equal to at least 150% of the
aggregate  number  of  Conversion  Shares  issuable  upon conversion of the Note
outstanding  on  the Closing Date and the number of Warrant Shares issuable upon
exercise  of  the  Warrant assuming such Warrant was granted on the Closing Date
(after  giving  effect  to  the Note and the Warrant to be issued on the Closing
Date and assuming such Note and Warrant were fully convertible or exercisable on
such  date  regardless  of  any  limitation  on  the  timing  or  amount of such
conversions  or  exercises).

     (k)     Transfer  Agent  Instructions.  The  Irrevocable  Transfer  Agent
             -----------------------------
Instructions,  in  the  form  of  Exhibit  E  attached  hereto,  shall have been
delivered  to  and  acknowledged  in  writing  by  the Company's transfer agent.

     (l)     Secretary's  Certificate.  The Company shall have delivered to such
             ------------------------
Purchaser a secretary's certificate, dated as of the Closing Date, as to (i) the
Resolutions,  (ii)  the  Certificate, (iii) the Bylaws, each as in effect at the
Closing,  and  (iv)  the authority and incumbency of the officers of the Company
executing  the  Transaction  Documents  and  any  other documents required to be
executed  or  delivered  in  connection  therewith.

Registration  Rights

     At  the  Closing,  the  Company  and  the  Purchaser  shall  enter  into  a
Registration  Rights  Agreement  in  the  form  attached  hereto  as  Exhibit D.

Certificate  Legend

     -     Legend.  Each  certificate representing the Note and the Warrant and,
           ------
if appropriate, securities issued upon conversion and exercise thereof, shall be
stamped or otherwise imprinted with a legend substantially in the following form
(in addition to any legend required by applicable state securities or "blue sky"
laws):

THE  SECURITIES REPRESENTED BY THIS CERTIFICATE (THE "SECURITIES") HAVE NOT BEEN
REGISTERED  UNDER  THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")
OR  ANY  STATE  SECURITIES  LAWS  AND  MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
DISPOSED  OF  UNLESS  REGISTERED  UNDER  THE SECURITIES ACT AND UNDER APPLICABLE
STATE SECURITIES LAWS OR PEN INTERCONNECT INC. SHALL HAVE RECEIVED AN OPINION OF
ITS  COUNSEL  THAT  REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND
UNDER  THE  PROVISIONS  OF  APPLICABLE  STATE  SECURITIES  LAWS IS NOT REQUIRED.

     The  Company  agrees  to reissue certificates representing the Note and the
Warrant, without the legend set forth above if at such time, prior to making any
transfer  of any Note, Warrant, Conversion Shares or Warrant Shares, such holder
thereof shall give written notice to the Company describing the manner and terms
of  such  transfer  and  removal  as  the  Company may reasonably request.  Such
proposed  transfer will not be effected until: (a) the Company has notified such
holder  that  either  (i) in the opinion of Company counsel, the registration of
such Note, Warrant, Conversion Shares or Warrant Shares under the Securities Act
is  not  required  in  connection  with  such  proposed  transfer;  or  (ii)  a
registration  statement  under  the  Securities  Act  covering  such  proposed
disposition  has  been  filed  by the Company with the Commission and has become
effective under the Securities Act; and (b) the Company has notified such holder
that  either:  (i)  in  the  opinion  of  Company  counsel,  the registration or
qualification  under  the  securities  or  "blue  sky"  laws of any state is not
required  in  connection with such proposed disposition, or (ii) compliance with
applicable  state  securities or "blue sky" laws has been effected.  The Company
will  use its best efforts to respond to any such notice from a holder within 10
days.  In  the  case  of any proposed transfer under this Section 6, the Company
will  use reasonable efforts to comply with any such applicable state securities
or  "blue sky" laws, but shall in no event be required, in connection therewith,
to qualify to do business in any state where it is not then qualified or to take
any  action that would subject it to tax or to the general service of process in
any  state where it is not then subject.  The restrictions on transfer contained
in  Section  6.1  shall  be in addition to, and not by way of limitation of, any
other restrictions on transfer contained in any other section of this Agreement.

Termination

          -Termination  by  Mutual Consent.  This Agreement may be terminated at
           -------------------------------
any  time prior to the Closing Date by the mutual written consent of the Company
and  the  Purchaser.

          -Other Termination.  This Agreement may be terminated by the action of
           -----------------
the  Board  of  Directors  of the Company or by the Purchaser at any time if the
Closing  shall  not  have  been consummated by November 26, 2001, as long as the
failure  to  so  consummate  is  not  the  fault  of  the  terminating  party.

     -     Effect of Termination.  In the event of termination by the Company or
           ---------------------
the  Purchaser,  written  notice  thereof  shall forthwith be given to the other
party  and  the transactions contemplated by this Agreement and the Registration
Rights Agreement shall be terminated without further action by either party.  If
this  Agreement  is  terminated  as  provided in Section 7.1 or 7.2 herein, this
Agreement  shall  become  void  and  of  no further force and effect, except for
Sections  9.1  and  9.2,  and  Article VIII herein.  Nothing in this Section 7.3
shall  be  deemed to release the Company or any Purchaser from any liability for
any  breach  under  this  Agreement  or the Registration Rights Agreement, or to
impair  the  rights  of  the  Company  and  the  Purchaser  to  compel  specific
performance  by  the other party of its obligations under this Agreement and the
Registration  Rights  Agreement.

Indemnification

     -     General Indemnity.  The Company agrees to indemnify and hold harmless
           -----------------
the  Purchaser  (and  its  respective  directors,  officers, affiliates, agents,
successors  and  assigns)  from  and  against  any  and all losses, liabilities,
deficiencies,  costs,  damages  and  expenses  (including,  without  limitation,
reasonable attorney's fees, charges and disbursements) incurred by the Purchaser
as a result of any inaccuracy in or breach of the representations, warranties or
covenants  made  by  the  Company herein.  The Purchaser agrees to indemnify and
hold  harmless  the  Company  and  its  directors, officers, affiliates, agents,
successors  and  assigns  from  and  against  any  and  all losses, liabilities,
deficiencies,  costs,  damages  and  expenses  (including,  without  limitation,
reasonable attorneys fees, charges and disbursements) incurred by the Company as
result  of  any  inaccuracy  in  or breach of the representations, warranties or
covenants  made  by  the  Purchaser  herein.

          -Indemnification  Procedure.  Any  party  entitled  to indemnification
           --------------------------
under this Article VIII (an "indemnified party") will give written notice to the
indemnifying  party  of  any matters giving rise to a claim for indemnification;
provided, that the failure of any party entitled to indemnification hereunder to
give  notice  as provided herein shall not relieve the indemnifying party of its
obligations  under  this Article VIII except to the extent that the indemnifying
party  is  actually  prejudiced  by  such  failure  to give notice.  In case any
action,  proceeding  or claim is brought against an indemnified party in respect
of  which  indemnification  is sought hereunder, the indemnifying party shall be
entitled  to  participate  in  and,  unless  in  the  reasonable judgment of the
indemnified  party  a conflict of interest between it and the indemnifying party
may  exist  with  respect  of  such  action,  proceeding or claim, to assume the
defense  thereof  with counsel reasonably satisfactory to the indemnified party.
In  the  event  that the indemnifying party advises an indemnified party that it
will  contest  such  a  claim for indemnification hereunder, or fails, within 30
days of receipt of any indemnification notice to notify, in writing, such person
of  its  election to defend, settle or compromise, at its sole cost and expense,
any  action,  proceeding or claim (or discontinues its defense at any time after
it  commences  such  defense),  then  the  indemnified party may, at its option,
defend,  settle  or  otherwise  compromise  or pay such action or claim.  In any
event,  unless  and until the indemnifying party elects in writing to assume and
does  so  assume  the  defense  of  any  such  claim,  proceeding or action, the
indemnified party's costs and expenses arising out of the defense, settlement or
compromise  of  any  such action, claim or proceeding shall be losses subject to
indemnification hereunder.  The indemnified party shall cooperate fully with the
indemnifying  party  in  connection  with any negotiation or defense of any such
action  or claim by the indemnifying party and shall furnish to the indemnifying
party  all  information  reasonably  available  to  the  indemnified party which
relates  to  such  action  or  claim.  The  indemnifying  party  shall  keep the
indemnified party fully apprised at all times as to the status of the defense or
any  settlement  negotiations  with  respect thereto.  If the indemnifying party
elects  to  defend any such action or claim, then the indemnified party shall be
entitled  to  participate in such defense with counsel of its choice at its sole
cost and expense.  The indemnifying party shall not be liable for any settlement
of  any  action, claim or proceeding effected without its prior written consent.
Notwithstanding  anything in this Article VIII to the contrary, the indemnifying
party  shall  not, without the indemnified party's prior written consent, settle
or  compromise  any claim or consent to entry of any judgment in respect thereof
which  imposes  any future obligation on the indemnified party or which does not
include,  as  an  unconditional  term thereof, the giving by the claimant or the
plaintiff to the indemnified party of a release from all liability in respect of
such  claim.  The indemnification required by this Article VIII shall be made by
periodic  payments  of  the amount thereof during the course of investigation or
defense, as and when bills are received or expense, loss, damage or liability is
incurred,  so  long  as  the indemnified party irrevocably agrees to refund such
moneys  if it is ultimately determined by a court of competent jurisdiction that
such  party  was  not  entitled to indemnification.  Notwithstanding anything in
this  Article  VIII  to  the  contrary, the Purchaser shall be liable under this
Article  VIII  for  only  that  amount of indemnification as does not exceed the
proceeds  to  such Purchaser as a result of the sale of the Conversion Shares by
the  Purchaser.  The  indemnity agreements contained herein shall be in addition
to  (a)  any  cause of action or similar rights of the indemnified party against
the indemnifying party or others, and (b) any liabilities the indemnifying party
may  be  subject  to  pursuant  to  the  law.

Miscellaneous

     -     Fees and Expenses.  Each party shall pay the fees and expenses of its
           -----------------
advisors,  counsel,  accountants  and  other  experts,  if  any,  and  all other
expenses,  incurred  by  such  party  incident  to the negotiation, preparation,
execution, delivery and performance of this Agreement.  In addition, the Company
shall  pay  all  reasonable  fees  and  expenses  incurred  by  the Purchaser in
connection with the filing and declaration of effectiveness by the Commission of
the  Registration  Statement  (as defined in the Registration Rights Agreement),
any  amendments,  modifications or waivers of this Agreement or any of the other
Transaction  Documents  or  incurred  in connection with the enforcement of this
Agreement  and  any  of  the  other  Transaction  Documents,  including, without
limitation,  all  reasonable  attorneys fees and expenses. The Company shall pay
all  stamp  or other similar taxes and duties levied in connection with issuance
of  the  Note  pursuant  hereto.

          -Specific  Enforcement,  Consent  to  Jurisdiction.
           -------------------------------------------------

     (a)     The  Company  and  the  Purchaser  acknowledge  and  agree  that
irreparable  damage  would occur in the event that any of the provisions of this
Agreement  or the Registration Rights Agreement were not performed in accordance
with  their specific terms or were otherwise breached.  It is accordingly agreed
that the parties shall be entitled to an injunction or injunctions to prevent or
cure  breaches  of  the  provisions of this Agreement or the Registration Rights
Agreement  and  to  enforce  specifically  the  terms  and  provisions hereof or
thereof,  this being in addition to any other remedy to which any of them may be
entitled  by  law  or  equity.

     (b)     Each  of  the  Company  and  the  Purchaser  (i) hereby irrevocably
submits  to  the  exclusive  jurisdiction  of  the  United States District Court
sitting  in  the  Southern  District  of  New York for the purposes of any suit,
action  or  proceeding  arising  out  of  or  relating  to this Agreement or the
Registration  Rights  Agreement and (ii) hereby waives, and agrees not to assert
in  any  such  suit,  action  or proceeding, any claim that it is not personally
subject  to  the jurisdiction of such court, that the suit, action or proceeding
is  brought  in  an  inconvenient forum or that the venue of the suit, action or
proceeding  is  improper.  Any  suit,  action  or  proceeding  arising out of or
relating  to  this  Agreement  or  the  Registration Rights Agreement brought by
either  the Company or the Purchaser shall be brought in the jurisdiction of the
United States District Court sitting in the Southern District of New York.  Each
of  the  Company  and the Purchaser consents to process being served in any such
suit,  action  or  proceeding  by  mailing  a  copy thereof to such party at the
address  in  effect  for notices to it under this Agreement and agrees that such
service  shall  constitute  good  and  sufficient  service of process and notice
thereof.  Nothing  in  this Section 9.2 shall affect or limit any right to serve
process  in  any  other  manner  permitted  by  law.

          -Entire  Agreement;  Amendment.  This  Agreement  contains  the entire
           -----------------------------
understanding  of  the  parties  with respect to the matters covered hereby and,
except as specifically set forth herein or in the Transaction Documents, neither
the  Company  nor the Purchaser makes any representations, warranty, covenant or
undertaking with respect to such matters.  No provision of this Agreement may be
waived  or  amended other than by a written instrument signed by the Company and
the  Purchaser, and no provision hereof may be waived other than by an a written
instrument signed by the party against whom enforcement of any such amendment or
waiver  is  sought.  No  consideration shall be offered or paid to any person to
amend  or  consent  to  a  waiver or modification of any provision of any of the
Transaction  Documents  unless  the same consideration is also offered to all of
the  parties to the Transaction Documents or holder of the Note, as the case may
be.

          -Notices.  Any  notice, demand, request, waiver or other communication
           -------
required  or  permitted  to  be given hereunder shall be in writing and shall be
effective  (a)  upon hand delivery by telex (with correct answer back received),
telecopy or facsimile at the address or number designated below (if delivered on
a  business  day  during  normal  business  hours  where  such  notice  is to be
received), or the first business day following such delivery (if delivered other
than  on  a business day during normal business hours where such notice is to be
received)  or  (b)  on  the second business day following the date of mailing by
express  courier  service,  fully  prepaid,  addressed  to such address, or upon
actual  receipt of such mailing, whichever shall first occur.  The addresses for
such  communications  shall  be:

If  to  the  Company:              THE  AMANDA  COMPANY,  INC
                                   13765  Alton  Parkway,  Suite  F
                                   Irvine,  California  92618
                                   Attention:  Chief  Executive  Officer
                                   Telephone  No.:  (949)  859-6279
                                   Facsimile  No.:  (949)  859-4380

If  to  any  Purchaser:            At the address of such Purchaser set forth on
                                   Exhibit  A  to  this  Agreement.

with  copies  (which  copies
shall  not  constitute  notice
to  the  Company)  to:             Naccarato  &  Associates
                                   19600  Fairchild,  Suite  260
                                   Irvine,  California  92618
                                   Attention:  Owen  M.  Naccarato,  Esq.
                                   Telephone  No.:  (949)  851-9261
                                   Facsimile  No.:  (949)  851-9262

     Any  party  hereto  may from time to time change its address for notices by
giving  at  least  ten  (10)  days written notice of such changed address to the
other  party  hereto.

     -     Waivers.  No  waiver  by  either party of any default with respect to
           -------
any  provision, condition or requirement of this Agreement shall be deemed to be
a continuing waiver in the future or a waiver of any other provisions, condition
or  requirement hereof, nor shall any delay or omission of any party to exercise
any  right  hereunder  in  any  manner  impair  the  exercise of any  such right
accruing  to  it  thereafter.

          -Headings.  The  article,  section  and  subsection  headings  in this
           --------
Agreement  are  for  convenience  only  and  shall not constitute a part of this
Agreement  for  any other purpose and shall not be deemed to limit or affect any
of  the  provisions  hereof.

          -Successors  and  Assigns.  This  Agreement  shall be binding upon and
           ------------------------
inure to the benefit of the parties and their successors and assigns.  After the
Closing,  the  assignment  by  a party to this Agreement of any rights hereunder
shall  not  affect  the  obligations  of  such  party  under  this  Agreement.

          -No  Third  Party  Beneficiaries.  This  Agreement is intended for the
           -------------------------------
benefit  of  the  parties  hereto  and their respective permitted successors and
assigns  and is not for the benefit of, nor may any provision hereof be enforced
by,  any  other  person.

          -Governing  Law.  This Agreement shall be governed by and construed in
           --------------
accordance  with  the  internal  laws  of  the State of New York, without giving
effect  to  the  choice  of  law  provisions.

        Survival.  The  representations  and  warranties  of the Company and the
        --------
Purchaser  contained  in Sections 2.1(o) and (s) should survive indefinitely and
those  contained  in  Article II, with the exception of Sections 2.1(o) and (s),
shall  survive  the execution and delivery hereof and the Closing until the date
three  (3)  years  from  the  Closing Date, and the agreements and covenants set
forth in Article I, III, V, VII, VIII and IX of this Agreement shall survive the
execution  and  delivery  hereof  and  the Closing hereunder until the Purchaser
beneficially  owns  (determined in accordance with Rule 13d-3 under the Exchange
Act)  less  than  2% of the total combined voting power of all voting securities
then  outstanding,  provided,  that  Sections 3.1, 3.2, 3.4, 3.5, 3.7, 3.8, 3.9,
3.12,  3.13, and 3.14 shall not expire until the Registration Statement required
by  Section  2  of the Registration Rights Agreement is no longer required to be
effective  under  the  terms  and  conditions  of Registration Rights Agreement.

          -Counterparts.  This  Agreement  may  be  executed  in  any  number of
           ------------
counterparts,  all  of  which  taken  together shall constitute one and the same
instrument and shall become effective when counterparts have been signed by each
party  and  delivered  to the other parties hereto, it being understood that all
parties  need  not  sign  the  same  counterpart.  In the event any signature is
delivered  by  facsimile  transmission,  the  party using such means of delivery
shall  cause  four  (4)  additional  executed  signature  pages to be physically
delivered  to  the  other  parties  within  five  (5)  days of the execution and
delivery  hereof.

          -Publicity.  The  Company  agrees  that it will not disclose, and will
           ---------
not  include  in  any public announcement, the name of the Purchaser without the
consent  of  the Purchaser, which consent shall not be unreasonably withheld, or
unless  and  until  such disclosure is required by law or applicable regulation,
and  then  only  to  the  extent  of  such  requirement.

          -Severability.  The  provisions of this Agreement and the Registration
           ------------
Rights  Agreement  are  severable  and, in the event that any court of competent
jurisdiction  shall  determine that any one or more of the provisions or part of
the  provisions contained in this Agreement or the Registration Rights Agreement
shall,  for  any  reason, be held to be invalid, illegal or unenforceable in any
respect,  such  invalidity,  illegality or unenforceability shall not affect any
other  provision  or  part  of a provision of this Agreement or the Registration
Rights  Agreement  shall be reformed and construed as if such invalid or illegal
or  unenforceable provision, or part of such provision, had never been contained
herein,  so  that  such  provisions would be valid, legal and enforceable to the
maximum  extent  possible.

          -Further  Assurances.  From and after the date of this Agreement, upon
           -------------------
the  request  of  the  Purchaser  or  the  Company,  each of the Company and the
Purchaser  shall  execute  and  deliver  such  instruments,  documents and other
writings  as  may  be reasonably necessary or desirable to confirm and carry out
and to effectuate fully the intent and purposes of this Agreement, the Note, the
Conversion  Shares,  the Warrant, the Warrant Shares and the Registration Rights
Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

     IN  WITNESS  WHEREOF,  the  parties hereto have caused this Agreement to be
duly  executed by their respective authorized officer as of the date first above
written.

                                     THE  AMANDA  COMPANY,  INC

                                     By:  /s/  David  Lieberman
                                         Name:  David  Lieberman
                                       Title:   Chief  Financial  Officer

                                     STONESTREET  LIMITED  PARTNERSHIP

                                     By:  /s/  Ms.  Libby  Leonard
                                      Name:  Ms.  Libby  Leonard
                                      Title:

                                     STONESTREET  CORPORATION

                                     By:  /s/  Michael  Finkrlstein
                                     Name:  Michael  Finkrlstein
                                       Title:

<PAGE>
EXHIBIT  A

                    Purchaser / Number of Notes and Warrants

Name  and  Residence                 Number  of  Notes            Dollar  Amount
___of  Purchaser______               and  Warrants  Purchased     of Investment
----------------------                ------------------------    --------------

Stonestreet Limited Partnership      Note: $200,000.00 Note.         $200,000.00
                                     ----
260  Town  Center  Blvd.  Ste.  201  Warrant:  to  purchase
                                    -------
Markham,  ON  L3R  8H8               6,444,682  shares  of
Fax  No.:  416-956-8989              Common  Stock.

Stonestreet  Corporation             Note: $20,000.00  Note.          $20,000.00
                                     ----
260  Town  Center  Blvd.  Ste.  201  Warrant:  to  purchase
                                     -------
Markham,  ON  L3R  8H8               1,500,000  shares  of
Fax  No.:  416-956-8989              6,444,682  shares  of

<PAGE>
EXHIBIT  B

                       Form of Convertible Promissory Note

<PAGE>
                                    EXHIBIT C

                                 Form of Warrant

<PAGE>
                                    EXHIBIT D

                      Form of Registration Rights Agreement

<PAGE>
                                    EXHIBIT E

                       Form of Transfer Agent Instructions

<PAGE>
                                    EXHIBIT F

                                 Form of Opinion

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