Document:

SUBORDINATED CONVERTIBLE PROMISSORY NOTE

                              TERMS AND CONDITIONS

     Newave,  Inc.  (the  "Company")  shall  borrow  from
                           -------
     "Lender"  $               (USD)  (the  "Promissory  Note").
                                             ----------------

LOAN  AMOUNT:     $  8,000.00  (USD)

PROMISSORY  NOTE:

INTEREST  AND  PAYMENT:     Twelve  (12)  month  term promissory note shall bear
simple  interest  at  the  rate  of  twenty  percent (20%) per annum, payable at
maturity.

AT MATURITY:

The  Lender,  at  their  sole discretion, and upon written notice to the Company
prior  to  maturity, shall have the right to receive the return of the principal
Loan  amount  plus  20%  simple  annual  interest.

OR  CONVERT  THE  LENDER'S  PRINCIPAL  INTO THE COMMON STOCK OF THE COMPANY IN A
MANNER  THAT  WOULD  REFLECT THE HIGHEST VALUE FOR CONVERSION AVAILABLE BASED ON
THE  TERMS  OF  CONVERSION IN THIS DOCUMENT ON THE DAY THAT THE NOTE MATURES. IF
THE LENDER CONVERTS AT THE END OF THE TERM, THE LENDER WILL BE ENTITLED TO FULLY
REGISTERED  SECURITIES.  IF  THE  LENDER  CONVERTS  AND IS ISSUED STOCK PRIOR TO
MATURITY,  THE  LENDER  WILL  BE  ENTITLED  TO  RESTRICTED  SECURITIES.

TERMS OF CONVERSION:

The  Lender will receive a minimum of 10,000 Shares of Newave, Inc. Common stock
for  every $1000.00 (USD) loaned to the Company or an amount of stock equal to a
thirty  percent  (30%)  discount  to the market value of the stock on the day of
conversion  whichever results in the greatest value for the lender, to be issued
within  20  days  of  maturity  of  this note along with the appropriate opinion
letter,  if  the  Lender decides to forfeit the principal & 20% Interest through
the  process  of  conversion. The Lender may convert principal and Interest into
common  shares  of Newave, Inc. or any successor company at the time of maturity
simply by notifying the company in writing anytime prior to the maturity date of
this  note.  If the company has not received notice by the maturity date of this
note,  the  authority  to  choose  between  payment of Interest and principal or
conversion  will  revert  to  the  Company.

ADDITIONAL BENEFIT:

As  an  additional  benefit,  the  lender  will also be issued by the Company, a
right,  represented  by  a  warrant.  The  warrant will be issued with the above
described common shares, to increase the Lenders holdings of Newave, Inc. common
stock by 1000 shares per $1000 loaned to borrower at a price not to exceed $0.75
and no lower than $0.50. The right to exercise the Warrant will start at the day
of conversion and last for up to one-year beyond that date.  The company may, in
its  sole discretion, offer a lower exercise price but not a price higher than $
0.75.

SUBORDINATION:

The  promissory  notes  will  be  subordinated  in payment and preference to the
Company's  existing  or  future  commercial  lenders.

If  the company has not been notified of Lenders intention by maturity date, the
option  of repayment and interest or conversion will transfer to the company and
will  follow the same terms available to the Lender prior to that maturity date.

EARLY REPAYMENT OPTION:

If  the  early  repayment  option  is taken by Lender, the Company will agree to
retire  the  debt  early at 125% of the principal loan amount. The time of early
retirement will be determined by mutual agreement of the lender and the Company.
The  early  repayment  must  be  agreed  upon and executed by both parties. Once
repayment is done under this option, all repayment obligations of this note will
be considered satisfied and all other options, rights, and warrants of this note
will  be  considered  canceled.

COVENANTS & COLLATERAL:

     The covenants contained within this note shall be, but not limited to the
following:

     1.)  The  Company  will be required to raise additional capital through the
sale  of Common Stock. The Company may be required to seek financing through the
sale  of  preferred  stock, convertible debentures or other forms of debt and/or
equity  financing.  The availability of additional financing may be dependent on
the  relative  success  and  progress  of the Company and may be offered on more
favorable  terms  than  offered  herein.

     2.)  The  Company  will  be  required  to liquidate assets available to the
company, in the case of default, to fully repay the loan, by presenting a demand
letter  for  repayment and the company will be bound to do so immediately and be
so  bound  by  any and all laws applicable as a Utah Corporation and enforceable
against  the  Company's  assets,  irrespective of the physical location of those
assets, and irrespective of the physical description of those assets, so long as
those  assets  have  a  sell  value  alone  or  combined  to  satisfy  the debt.

ADJUSTMENTS IN CONVERSION PRICE AND SHARES AND WARRANT EXERCISE PRICE AND COMMON
SHARES:

The  Conversion  Price  and  Common Shares and Warrant exercise price and common
shares  shall  be  subject  to  adjustment from time to time as provided in this
Section.  [a]  If  the  Issuer  is  recapitalized  through  the  subdivision  or
combination  of  its outstanding shares of Common Stock into a larger or smaller
number  of  shares, the number of shares of Common Stock for which this Note may
be  exercised  shall  be  increased  or  reduced, as of the record date for such
capitalization,  in  the  same  proportion  as  the  increase or decrease in the
outstanding  shares  of Common Stock, and the Conversion Price shall be adjusted
so  that  the aggregate amount payable for the purchase of all Conversion Shares
and  Warrant  Shares  which may be issued hereunder immediately after the record
date  for  such  capitalization  shall  equal  the  aggregate  amount so payable
immediately before such record date. [b] In the case of any consolidation of the
Issuer  with,  or merger of the Issuer into, any other corporation (other than a
consolidation or merger in which the Issuer is the continuing corporation and in
which  no  change occurs in its outstanding Common Stock), or in the case of any
sale  or transfer of all or substantially all of the assets of the Issuer, or in
the  case  of  any  statutory  exchange  of  securities with another corporation
(including  any  exchange  effected  in  connection  with  a  merger  of a third
corporation into the Issuer, except where the Issuer is the surviving entity and
no  change  occurs  in  its outstanding Common Stock), the corporation formed by
such  consolidation  or  the  corporation  resulting  from  such  merger  or the
corporation  which  shall have acquired such assets or securities of the Issuer,
as  the  case  may  be,  shall  execute and deliver to the Holder simultaneously
therewith  a  new  Conversion and or Warrant execution document, satisfactory in
form  and  substance  to  the  Holder, together with such other documents as the
Holder  may  reasonably  request,  entitling  the Holder thereof to receive upon
exercise of such Conversion or Warrant Exercise the kind and amount of shares of
stock  and  other  securities  and  property receivable upon such consolidation,
merger,  sale,  transfer,  by  a  Holder of the number of shares of Common Stock
purchasable  upon  exercise  of  this  Conversion  and or Warrant Exercise shall
provide  for  adjustments  which, for events subsequent to the effective date of
such  written instrument, shall be as nearly equivalent as may be practicable to
the  adjustments  provided for in this Section. The provisions of this paragraph
shall similarly apply to successive securities and property receivable upon such
consolidation,  consolidations,  merger,  exchanges,  sales  or  other transfers
covered hereby. [c] If the Issuer shall, at a time before the expiration of this
Warrant, sell all or substantially all of its assets and distribute the proceeds
thereof  to  the  Issuer's shareholders, the Holder shall, upon exercise of this
Conversion  and  Warrant  Exercise,  have  the  right to receive, in lieu of the
shares  of  Common Stock of the Issuer that the Holder otherwise would have been
entitled  to  receive,  the  same  kind  and amount of assets as would have been
issued,  distributed,  or  paid  to  the  Holder upon any such distribution with
respect  to  such  shares  of Common Stock of the Issuer has the Holder been the
holder  of  records  of  such shares of Common Stock receivable upon exercise of
this  Conversion  and  or  Warrant on the date for determining those entitled to
receive  any  such distribution[d] The term "Common Stock" shall mean the Common
Stock  of the Issuer as the same exists at the Closing Date or as such stock may
be  constituted  from time to time, except that for the purpose of this Section,
the term "Common Stock: shall include any stock of any class of the Issuer which
has  no  preference in respect of interest or of amounts payable in the event of
any  voluntary  or  involuntary  liquidation,  dissolution, or winding up of the
Issuer  and  which  is  not  subject to redemption by the Issuer. [e] The Issuer
shall  retain  a  firm  of independent public accountants of recognized standing
(who  may  be  any  such  firm  regularly  employed  by  the Issuer) to make any
computation  required  under this Section, and a certificate signed by such firm
shall  be  conclusive  evidence of the correctness of any computation made under
this  Section.  [f]  Notwithstanding  any other provision, this Warrant shall be
binding  upon  and  inure  to  the  benefit of any successors and assigns of the
Issuer.

NOTICE  OF  ADJUSTMENT:

So  long  as the Warrant shall be outstanding and the Conversion is outstanding,
[a] if the Issuer shall propose to pay any interest or make any interest or make
any  distribution  upon  the  Common  Stock,  or  [b]  if the Issuer shall offer
generally  to  the holders of Common Stock the right to subscribe to or purchase
any  shares  of  any class of Common Stock or securities convertible into Common
Stock or any other similar rights, or [c] if there shall be any proposed capital
reorganization  of  the  Issuer in which the Issuer is not the surviving entity,
recapitalization  of the capital stock of the Issuer, consolidation or merger of
the  Issuer  with or into another corporation, sale, lease, or other transfer of
all  or  substantially all of the property and assets of the Issue, or voluntary
or involuntary dissolution, liquidation or winding up of this Issuer, or [d] any
significant  or  special  action  or event, then in such event, the Issuer shall
give  to  the  Holder,  reasonable  notice  prior  to the relevant data a notice
containing a description of the proposed action or event and stating the date or
expected  date on which a record of the Issuer's stockholders is to be taken for
any  of  the foregoing purposes, and the date or expected date on which any such
dividend,  distribution,  subscription,  reclassification,  reorganization,
consolidation,  combination,  merger,  conveyance,  sale,  lease  or  transfer,
dissolution, liquidation or winding up is to take place and the date or expected
date,  if any is to be fixed, as of which the holders of Common Stock of records
shall  be  entitled  to  exchange their shares of Common Stock for securities or
other  property  deliverable  upon  such  event.

NOTICE:

Any  notice  to  be  given or to be served upon any party in connection with the
Warrant  and  or  Conversion  Note must be in writing and will be deemed to have
been given and received upon confirmed receipt, if sent by facsimile, or two (2)
days  after  it  has  been  submitted  for  delivery  by  Federal Express or any
equivalent  carrier,  charges  prepaid, and addressed to the following addresses
with  a  confirmation  of  delivery.

<PAGE>

                    NEWAVE, INC. SUBORDINATED PROMISSORY NOTE

                                   SIGNATURES

As Agreed to by:                                 As Accepted by:

Newave, Inc.                                     Mr. Ronald Feldman
                                                 ------------------
/s/ Michael Hill                                 /s/Ronald Feldman
----------------                                 -----------------
Authorized Signature                             Authorized Signature

Date: 1/9/2006                                   Date: 1/9/2006

Address:  30 S. LaPatera Lane, Ste 7          Address: 59 Rambler Road
Goleta, CA  93117                                      Carmel, NY  10512
(Santa Barbara office)

*Signatures on this page signify agreement on the terms & conditions of this
subordinated promissory note offered by Newave, Inc.

-     upon receipt of this signed document, with funds and the subsequent
acceptance there of by the company, the company will issue a confirmation of the
loan and forward that confirmation to the address listed above for the Lender.SUBORDINATED CONVERTIBLE PROMISSORY NOTE

                              TERMS AND CONDITIONS

     Newave,  Inc.  (the  "Company")  shall  borrow  from
                           -------
     "Lender"  $               (USD)  (the  "Promissory  Note").
                                             ----------------

LOAN  AMOUNT:     $  20,000.00  (USD)

PROMISSORY  NOTE:

INTEREST  AND  PAYMENT:     Twelve  (12)  month  term promissory note shall bear
simple  interest  at  the  rate  of  twenty  percent (20%) per annum, payable at
maturity.

AT MATURITY:

The  Lender,  at  their  sole discretion, and upon written notice to the Company
prior  to  maturity, shall have the right to receive the return of the principal
Loan  amount  plus  20%  simple  annual  interest.

OR  CONVERT  THE  LENDER'S  PRINCIPAL  INTO THE COMMON STOCK OF THE COMPANY IN A
MANNER  THAT  WOULD  REFLECT THE HIGHEST VALUE FOR CONVERSION AVAILABLE BASED ON
THE  TERMS  OF  CONVERSION IN THIS DOCUMENT ON THE DAY THAT THE NOTE MATURES. IF
THE LENDER CONVERTS AT THE END OF THE TERM, THE LENDER WILL BE ENTITLED TO FULLY
REGISTERED  SECURITIES.  IF  THE  LENDER  CONVERTS  AND IS ISSUED STOCK PRIOR TO
MATURITY,  THE  LENDER  WILL  BE  ENTITLED  TO  RESTRICTED  SECURITIES.

TERMS OF CONVERSION:

The  Lender will receive a minimum of 10,000 Shares of Newave, Inc. Common stock
for  every $1000.00 (USD) loaned to the Company or an amount of stock equal to a
thirty  percent  (30%)  discount  to the market value of the stock on the day of
conversion  whichever results in the greatest value for the lender, to be issued
within  20  days  of  maturity  of  this note along with the appropriate opinion
letter,  if  the  Lender decides to forfeit the principal & 20% Interest through
the  process  of  conversion. The Lender may convert principal and Interest into
common  shares  of Newave, Inc. or any successor company at the time of maturity
simply by notifying the company in writing anytime prior to the maturity date of
this  note.  If the company has not received notice by the maturity date of this
note,  the  authority  to  choose  between  payment of Interest and principal or
conversion  will  revert  to  the  Company.

ADDITIONAL BENEFIT:

As  an  additional  benefit,  the  lender  will also be issued by the Company, a
right,  represented  by  a  warrant.  The  warrant will be issued with the above
described common shares, to increase the Lenders holdings of Newave, Inc. common
stock by 1000 shares per $1000 loaned to borrower at a price not to exceed $0.75
and no lower than $0.50. The right to exercise the Warrant will start at the day
of conversion and last for up to one-year beyond that date.  The company may, in
its  sole discretion, offer a lower exercise price but not a price higher than $
0.75.

SUBORDINATION:

The  promissory  notes  will  be  subordinated  in payment and preference to the
Company's  existing  or  future  commercial  lenders.

If  the company has not been notified of Lenders intention by maturity date, the
option  of repayment and interest or conversion will transfer to the company and
will  follow the same terms available to the Lender prior to that maturity date.

EARLY REPAYMENT OPTION:

If  the  early  repayment  option  is taken by Lender, the Company will agree to
retire  the  debt  early at 125% of the principal loan amount. The time of early
retirement will be determined by mutual agreement of the lender and the Company.
The  early  repayment  must  be  agreed  upon and executed by both parties. Once
repayment is done under this option, all repayment obligations of this note will
be considered satisfied and all other options, rights, and warrants of this note
will  be  considered  canceled.

COVENANTS & COLLATERAL:

     The covenants contained within this note shall be, but not limited to the
following:

     1.)  The  Company  will be required to raise additional capital through the
sale  of Common Stock. The Company may be required to seek financing through the
sale  of  preferred  stock, convertible debentures or other forms of debt and/or
equity  financing.  The availability of additional financing may be dependent on
the  relative  success  and  progress  of the Company and may be offered on more
favorable  terms  than  offered  herein.

     2.)  The  Company  will  be  required  to liquidate assets available to the
company, in the case of default, to fully repay the loan, by presenting a demand
letter  for  repayment and the company will be bound to do so immediately and be
so  bound  by  any and all laws applicable as a Utah Corporation and enforceable
against  the  Company's  assets,  irrespective of the physical location of those
assets, and irrespective of the physical description of those assets, so long as
those  assets  have  a  sell  value  alone  or  combined  to  satisfy  the debt.

ADJUSTMENTS IN CONVERSION PRICE AND SHARES AND WARRANT EXERCISE PRICE AND COMMON
SHARES:

The  Conversion  Price  and  Common Shares and Warrant exercise price and common
shares  shall  be  subject  to  adjustment from time to time as provided in this
Section.  [a]  If  the  Issuer  is  recapitalized  through  the  subdivision  or
combination  of  its outstanding shares of Common Stock into a larger or smaller
number  of  shares, the number of shares of Common Stock for which this Note may
be  exercised  shall  be  increased  or  reduced, as of the record date for such
capitalization,  in  the  same  proportion  as  the  increase or decrease in the
outstanding  shares  of Common Stock, and the Conversion Price shall be adjusted
so  that  the aggregate amount payable for the purchase of all Conversion Shares
and  Warrant  Shares  which may be issued hereunder immediately after the record
date  for  such  capitalization  shall  equal  the  aggregate  amount so payable
immediately before such record date. [b] In the case of any consolidation of the
Issuer  with,  or merger of the Issuer into, any other corporation (other than a
consolidation or merger in which the Issuer is the continuing corporation and in
which  no  change occurs in its outstanding Common Stock), or in the case of any
sale  or transfer of all or substantially all of the assets of the Issuer, or in
the  case  of  any  statutory  exchange  of  securities with another corporation
(including  any  exchange  effected  in  connection  with  a  merger  of a third
corporation into the Issuer, except where the Issuer is the surviving entity and
no  change  occurs  in  its outstanding Common Stock), the corporation formed by
such  consolidation  or  the  corporation  resulting  from  such  merger  or the
corporation  which  shall have acquired such assets or securities of the Issuer,
as  the  case  may  be,  shall  execute and deliver to the Holder simultaneously
therewith  a  new  Conversion and or Warrant execution document, satisfactory in
form  and  substance  to  the  Holder, together with such other documents as the
Holder  may  reasonably  request,  entitling  the Holder thereof to receive upon
exercise of such Conversion or Warrant Exercise the kind and amount of shares of
stock  and  other  securities  and  property receivable upon such consolidation,
merger,  sale,  transfer,  by  a  Holder of the number of shares of Common Stock
purchasable  upon  exercise  of  this  Conversion  and or Warrant Exercise shall
provide  for  adjustments  which, for events subsequent to the effective date of
such  written instrument, shall be as nearly equivalent as may be practicable to
the  adjustments  provided for in this Section. The provisions of this paragraph
shall similarly apply to successive securities and property receivable upon such
consolidation,  consolidations,  merger,  exchanges,  sales  or  other transfers
covered hereby. [c] If the Issuer shall, at a time before the expiration of this
Warrant, sell all or substantially all of its assets and distribute the proceeds
thereof  to  the  Issuer's shareholders, the Holder shall, upon exercise of this
Conversion  and  Warrant  Exercise,  have  the  right to receive, in lieu of the
shares  of  Common Stock of the Issuer that the Holder otherwise would have been
entitled  to  receive,  the  same  kind  and amount of assets as would have been
issued,  distributed,  or  paid  to  the  Holder upon any such distribution with
respect  to  such  shares  of Common Stock of the Issuer has the Holder been the
holder  of  records  of  such shares of Common Stock receivable upon exercise of
this  Conversion  and  or  Warrant on the date for determining those entitled to
receive  any  such distribution[d] The term "Common Stock" shall mean the Common
Stock  of the Issuer as the same exists at the Closing Date or as such stock may
be  constituted  from time to time, except that for the purpose of this Section,
the term "Common Stock: shall include any stock of any class of the Issuer which
has  no  preference in respect of interest or of amounts payable in the event of
any  voluntary  or  involuntary  liquidation,  dissolution, or winding up of the
Issuer  and  which  is  not  subject to redemption by the Issuer. [e] The Issuer
shall  retain  a  firm  of independent public accountants of recognized standing
(who  may  be  any  such  firm  regularly  employed  by  the Issuer) to make any
computation  required  under this Section, and a certificate signed by such firm
shall  be  conclusive  evidence of the correctness of any computation made under
this  Section.  [f]  Notwithstanding  any other provision, this Warrant shall be
binding  upon  and  inure  to  the  benefit of any successors and assigns of the
Issuer.

NOTICE  OF  ADJUSTMENT:

So  long  as the Warrant shall be outstanding and the Conversion is outstanding,
[a] if the Issuer shall propose to pay any interest or make any interest or make
any  distribution  upon  the  Common  Stock,  or  [b]  if the Issuer shall offer
generally  to  the holders of Common Stock the right to subscribe to or purchase
any  shares  of  any class of Common Stock or securities convertible into Common
Stock or any other similar rights, or [c] if there shall be any proposed capital
reorganization  of  the  Issuer in which the Issuer is not the surviving entity,
recapitalization  of the capital stock of the Issuer, consolidation or merger of
the  Issuer  with or into another corporation, sale, lease, or other transfer of
all  or  substantially all of the property and assets of the Issue, or voluntary
or involuntary dissolution, liquidation or winding up of this Issuer, or [d] any
significant  or  special  action  or event, then in such event, the Issuer shall
give  to  the  Holder,  reasonable  notice  prior  to the relevant data a notice
containing a description of the proposed action or event and stating the date or
expected  date on which a record of the Issuer's stockholders is to be taken for
any  of  the foregoing purposes, and the date or expected date on which any such
dividend,  distribution,  subscription,  reclassification,  reorganization,
consolidation,  combination,  merger,  conveyance,  sale,  lease  or  transfer,
dissolution, liquidation or winding up is to take place and the date or expected
date,  if any is to be fixed, as of which the holders of Common Stock of records
shall  be  entitled  to  exchange their shares of Common Stock for securities or
other  property  deliverable  upon  such  event.

NOTICE:

Any  notice  to  be  given or to be served upon any party in connection with the
Warrant  and  or  Conversion  Note must be in writing and will be deemed to have
been given and received upon confirmed receipt, if sent by facsimile, or two (2)
days  after  it  has  been  submitted  for  delivery  by  Federal Express or any
equivalent  carrier,  charges  prepaid, and addressed to the following addresses
with  a  confirmation  of  delivery.

<PAGE>

                    NEWAVE, INC. SUBORDINATED PROMISSORY NOTE

                                   SIGNATURES

As Agreed to by:                                 As Accepted by:

Newave, Inc.                                     Mr. Wakelin McNeel

/s/ Michael Hill                                /s/ Wakelin McNeel
----------------                                -------------------
Authorized Signature                            Authorized Signature

Date:  1/6/2006                                 Date: 1/6/2006

Address:  30 S. LaPatera Lane, Ste 7         Address: 1420 Ambassador #202
Goleta, CA  93117                                     Los Angeles, CA  90035
(Santa Barbara office)

*Signatures on this page signify agreement on the terms & conditions of this
subordinated promissory note offered by Newave, Inc.

-     upon receipt of this signed document, with funds and the subsequent
acceptance there of by the company, the company will issue a confirmation of the
loan and forward that confirmation to the address listed above for the Lender.

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