Document:

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EXHIBIT 10.3

                          REGISTRATION RIGHTS AGREEMENT

         THIS REGISTRATION RIGHTS AGREEMENT, dated as of January 31, 2003, is
made by and among Tangible Asset Galleries, Inc., a Nevada corporation (the
"COMPANY"), and holders of the Company's Series B $1.00 Convertible Preferred
Stock (the "SERIES B PREFERRED STOCK"), Series C $100 Redeemable 9% Convertible
Preferred Stock (the "SERIES C PREFERRED STOCK") and Warrants (the "WARRANTS")
issued pursuant to that certain Securities Purchase Agreement by and between the
Company and such holders dated as of April 3, 2002 (the "FIRST PURCHASE
AGREEMENT") and the Company's Series D $1.00 Convertible Preferred Stock (the
"SERIES D PREFERRED STOCK") issued pursuant to that certain Series D Preferred
Stock and Warrant Exercise Agreement by and between the Company and such holders
dated as of even date herewith (the "SECOND PURCHASE AGREEMENT"; the First
Purchase Agreement and the Second Purchase Agreement collectively, the "PURCHASE
AGREEMENTS") whose names appear on the signature page hereto below that of the
Company (collectively, the "INVESTORS"). For purposes of clarification, the
Warrants include the warrants to purchase 4,000,000 shares of the Company's
Common Stock issued to Silvano DiGenova pursuant to Section 4(g) of the First
Purchase Agreement. Capitalized terms not defined herein shall have the meanings
ascribed to them in the Second Purchase Agreement.

                                    RECITALS:

         WHEREAS, the Company desires to grant to the Investors the registration
rights set forth herein with respect to the shares (the "CONVERSION SHARES") of
Common Stock issuable upon conversion or exchange of the Series B Preferred
Stock, Series C Preferred Stock and Series D Preferred Stock, shares (the
"WARRANT SHARES") of Common Stock issuable upon exercise of the Warrants and
shares (the "DEFAULT WARRANT SHARES") of Common Stock issuable upon the exercise
of the warrants issuable in the event of a registration default pursuant to
Section 3(e) (all the shares of the Series B Preferred Stock, the Series C
Preferred Stock and Series D Preferred Stock, the Conversion Shares, the Warrant
Shares and the Default Warrant Shares, collectively and interchangeably to be
referred to as the "SECURITIES").

         NOW, THEREFORE, the parties hereto mutually agree as follows:

         Section 1. CERTAIN DEFINITIONS. As used herein the term "REGISTRABLE
SECURITY" means the Conversion Shares, Warrant Shares, and Default Warrant
Shares, until (i) all Securities have been disposed of pursuant to the
Registration Statement (as defined below), (ii) all Securities have been sold
under circumstances under which all of the applicable conditions of Rule 144
("RULE 144") (or any similar provision then in force) under the Securities Act
of 1933, as amended (the "SECURITIES ACT") are met, or (iii) such time as, in
the opinion of counsel to the Company reasonably satisfactory to the Investors
and upon delivery to the Investors of such executed opinion, all Securities may
be sold without any time, volume or manner limitations pursuant to Rule 144 (or
any similar provision then in effect). In the event of any merger,
reorganization, consolidation, recapitalization or other change in corporate
structure affecting the Common Stock, such adjustment shall be deemed to be made
in the definition of "Registrable Security" as is appropriate in order to

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prevent any dilution or enlargement of the rights granted pursuant to this
Agreement. As used herein the term "HOLDER" means any Person owning or having
the right to acquire Registrable Securities or any assignee thereof in
accordance with Section 9 hereof.

         Section 2. RESTRICTIONS ON TRANSFER. Each of the Investors acknowledges
and understands that prior to the registration of the Securities as provided
herein, the Securities are "restricted securities" as defined in Rule 144. Each
of the Investors understands that no disposition or transfer of the Securities
may be made by any of the Investors in the absence of (i) an opinion of counsel
to such Investor, in form and substance reasonably satisfactory to the Company,
that such transfer may be made without registration under the Securities Act or
(ii) such registration.

         With a view to making available to the Investors the benefits of Rule
144 or any other similar rule or regulation of the Securities and Exchange
Commission (the "COMMISSION") that may at any time permit the holders of the
Securities to sell securities of the Company to the public pursuant to Rule 144,
the Company agrees to:

                  (a) comply with the provisions of paragraph (c)(1) of Rule
         144;

                  (b) file with the Commission in a timely manner all reports
         and other documents required to be filed with the Commission pursuant
         to Section 13 or 15(d) under the Exchange Act by companies subject to
         either of such sections, irrespective of whether the Company is then
         subject to such reporting requirements; and

                  (c) Upon request by any Holder or the Company's transfer
         agent, provide an opinion of counsel, which opinion shall be reasonably
         acceptable to the Holder and/or the Company's transfer agent, that the
         such Holder has complied with the applicable conditions of Rule 144 (or
         any similar provision then in force).

         Section 3. REGISTRATION RIGHTS WITH RESPECT TO THE REGISTRABLE
SECURITIES.

                  (a) The Company agrees that it will prepare and file with the
         Commission, no later than June 30, 2003, a registration statement (on
         Form S-1 or SB-2, or other appropriate registration statement form)
         under the Securities Act (such registration statement, including (a)
         all amendments and supplements thereto, (b) each prospectus contained
         therein, and (c) all exhibits thereto or incorporated by reference
         therein, the "REGISTRATION STATEMENT"), in respect of the Holders, so
         as to permit a resale of the Securities under the Act by the Holders as
         selling stockholders and not as underwriters.

                  The Company shall use diligent best efforts to cause the
         Registration Statement to become effective as soon as practical
         following the filing of the Registration Statement. The number of
         shares designated in the Registration Statement to be registered shall
         include 150% of the Warrant Shares, 150% of the Default Warrant Shares,
         if any, and 150% of the Conversion Shares. The Registration Statement
         shall include appropriate language regarding reliance upon Rule 416 to
         the extent permitted by the Commission. The Company will notify the

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         Holders and its transfer agent of the effectiveness of the Registration
         Statement within one (1) Trading Day (as defined below) of such event.
         As used herein "TRADING DAY" shall mean any business day on which the
         market on which the Common Stock trades is open for business.

                  (b) The Company will maintain the Registration Statement or
         post-effective amendment filed under this Section 3 effective under the
         Securities Act until the earlier of (i) the date that none of the
         Registrable Securities covered by such Registration Statement are or
         may become issued and outstanding, (ii) the date that all of the
         Registrable Securities have been sold pursuant to such Registration
         Statement, (iii) the date all the Holders receive an opinion of counsel
         to the Company, which counsel shall be reasonably acceptable to the
         Holders, that the Registrable Securities may be sold under the
         provisions of Rule 144 without limitation as to volume, (iv) all
         Registrable Securities have been otherwise transferred to persons who
         may trade such shares without restriction under the Securities Act, and
         the Company has delivered a new certificate or other evidence of
         ownership for such securities not bearing a restrictive legend, or (v)
         3 years from the date on which the Registration Statement first became
         effective (the "EFFECTIVE DATE").

                  (c) All fees, disbursements and out-of-pocket expenses and
         costs incurred by the Company in connection with the preparation and
         filing of the Registration Statement under subparagraph 3(a) and in
         complying with applicable securities and Blue Sky laws (including,
         without limitation, all attorneys' fees of the Company and all other
         fees and disbursements of the Company's accountants, auditors and other
         independent professional service providers) shall be borne by the
         Company. The Company shall also reimburse the fees and expenses of
         counsel to the Holders incurred in connection with such counsel's
         review of the Registration Statement and advice concerning the
         Registration Statement and its filing subject to a cap of $10,000. The
         Holders shall bear the cost of underwriting and/or brokerage discounts,
         fees and commissions, if any, applicable to the Registrable Securities
         being registered . The Holders and their counsel shall have a
         reasonable period, not to exceed ten (10) Trading Days, to review the
         proposed Registration Statement or any amendment thereto, prior to
         filing with the Commission, and the Company shall provide the Holders
         with copies of any comment letters received from the Commission with
         respect thereto within two (2) Trading Days of receipt thereof. The
         Company shall qualify any of the securities for sale in such states as
         the Holders reasonably designate and shall furnish indemnification in
         the manner provided in Section 6 hereof. However, the Company shall not
         be required to qualify in any state which will require an escrow or
         other restriction relating to the Company and/or the Holders, or which
         will require the Company to qualify to do business in such state or
         require the Company to file therein any general consent to service of
         process. The Company at its expense will supply each of the Investors
         with copies of the applicable Registration Statement and the prospectus
         included therein and other related documents in such quantities as may
         be reasonably requested by any of the Investors.

                  (d) The Company shall not be required by this Section 3 to
         include the Registrable Securities in any Registration Statement which
         is to be filed if, in the opinion of counsel for both the Holders and

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         the Company (or, should they not agree, in the opinion of another
         counsel experienced in securities law matters acceptable to counsel for
         the Holders and the Company) the proposed offering or other transfer as
         to which such registration is requested is exempt from applicable
         federal and state securities laws and would result in all purchasers or
         transferees obtaining securities which are not "restricted securities"
         as such term is defined in Rule 144.

                  (e) In the event that (i) the Registration Statement is not
         filed by the Company in a timely manner as set forth in Section 3(a);
         (ii) the Registration Statement is not declared effective by the
         Commission within 180 days after the initial filing thereof; or (iii)
         such Registration Statement is not maintained as effective by the
         Company for the period set forth in Section 3(b) above (each a
         "REGISTRATION DEFAULT"), then the Company will issue to each of the
         Holders, for each Registration Default then in effect, as liquidated
         damages and not as a penalty, for every three-month period in which
         each Registration Default is occurring, warrants to purchase one (1)
         share of the Common Stock ("DEFAULT WARRANTS") for each share of Series
         B Preferred Stock, Series C Preferred Stock and Series D Preferred
         Stock issued to the Holders pursuant to the Purchase Agreements until
         such corresponding Registration Default no longer exists ("LIQUIDATED
         DAMAGES"); PROVIDED, HOWEVER, that the issuance of such Default
         Warrants shall not relieve the Company from its obligations to register
         the Registrable Securities pursuant to this Section.

                  If the Company does not issue the Default Warrants to the
         Holders as set forth above, the Company will pay any Holder's
         reasonable costs of any action in a court of law to cause compliance
         with this Section 3(e), including reasonable attorneys' fees, in
         addition to the Default Warrants. The registration of the Registrable
         Securities pursuant to this Section shall not affect or limit a
         Holder's other rights or remedies as set forth in this Agreement.

                  (f) The Company shall be precluded from including in any
         registration statement which it is required to file pursuant to this
         Section 3 any other securities apart from the Registrable Securities,
         except for the securities listed on EXHIBIT B hereto and those
         securities related to any qualified stock option plan approved by the
         Board of Directors of the Company, without the prior written consent of
         the Holders.

                  (g) If, at any time any Registrable Securities are not at the
         time covered by any effective Registration Statement, the Company shall
         determine to register under the Securities Act (including pursuant to a
         demand of any stockholder of the Company exercising registration
         rights) any of its shares of the Common Stock (other than in connection
         with a merger or other business combination transaction that has been
         consented to in writing by holders of the Series B Preferred Stock and
         Series D Preferred Stock, or pursuant to Form S-8 when such filing has
         been consented to in writing by holders of the Series B Preferred Stock
         and the Series D Preferred Stock), it shall send to each Holder written
         notice of such determination and, if within twenty (20) days after
         receipt of such notice, such Holder shall so request in writing, the
         Company shall use its best efforts to include in such registration
         statement all or any part of the Registrable Securities that such

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         Holder requests to be registered. Notwithstanding the foregoing, if, in
         connection with any offering involving an underwriting of the Common
         Stock to by issued by the Company, the managing underwriter shall
         impose a limitation on the number of shares of the Common Stock
         included in any such registration statement because, in such
         underwriter's judgment, such limitation is necessary based on market
         conditions: (a) if the registration statement is for a public offering
         of common stock on a "firm commitment" basis with gross proceeds to the
         Company of at least $15,000,000 (a "QUALIFIED PUBLIC OFFERING"), the
         Company may exclude, to the extent so advised by the underwriters, the
         Registrable Securities from the underwriting; PROVIDED, HOWEVER, that
         if the underwriters do not entirely exclude the Registrable Securities
         from such Qualified Public Offering, the Company shall be obligated to
         include in such registration statement, with respect to the requesting
         Holder, only an amount of Registrable Securities equal to the product
         of (i) the number of Registrable Securities that remain available for
         registration after the underwriter's cutback and (ii) such Holder's
         percentage of ownership of all the Registrable Securities then
         outstanding (on an as-converted basis) (the "REGISTRABLE PERCENTAGE");
         and (b) if the registration statement is not for a Qualified Public
         Offering, the Company shall be obligated to include in such
         registration statement, with respect to the requesting Holder, only an
         amount of Registrable Securities equal to the product of (i) the number
         of Registrable Securities that remain available for registration after
         the underwriter's cutback and (ii) such Holder's Registrable
         Percentage; provided, however, that the aggregate value of the
         Registrable Securities to be included in such registration may not be
         so reduced to less than 20% of the total value of all securities
         included in such registration. If any Holder disapproves of the terms
         of any underwriting referred to in this paragraph, it may elect to
         withdraw therefrom by written notice to the Company and the
         underwriter. No incidental right under this paragraph shall be
         construed to limit any registration required under the other provisions
         of this Agreement.

         Section 4. COOPERATION WITH COMPANY. Each Holder will cooperate with
the Company in all respects in connection with this Agreement, including timely
supplying all information reasonably requested by the Company (which shall
include all information regarding such Holder and proposed manner of sale of the
Registrable Securities required to be disclosed in any Registration Statement)
and executing and returning all documents reasonably requested in connection
with the registration and sale of the Registrable Securities and entering into
and performing its obligations under any underwriting agreement, if the offering
is an underwritten offering, in usual and customary form, with the managing
underwriter or underwriters of such underwritten offering. Nothing in this
Agreement shall obligate any Holder to consent to be named as an underwriter in
any Registration Statement. The obligation of the Company to register the
Registrable Securities shall be absolute and unconditional as to those
Registrable Securities which the Commission will permit to be registered without
naming any Holder as underwriters. Any delay or delays caused by a Holder by
failure to cooperate as required hereunder shall not constitute a Registration
Default as to such Holder.

         Section 5. REGISTRATION PROCEDURES. If and whenever the Company is
required by any of the provisions of this Agreement to effect the registration
of any of the Registrable Securities under the Securities Act, the Company shall
(except as otherwise provided in this Agreement), as expeditiously as possible,
subject to the Holders' assistance and cooperation as reasonably required with
respect to each Registration Statement:

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                  (a) (i) prepare and file with the Commission such amendments
         and supplements to the Registration Statement and the prospectus used
         in connection therewith as may be necessary to keep such Registration
         Statement effective and to comply with the provisions of the Securities
         Act with respect to the sale or other disposition of all Registrable
         Securities covered by such Registration Statement whenever any of the
         Holder shall desire to sell or otherwise dispose of the same (including
         prospectus supplements with respect to the sales of Registrable
         Securities from time to time in connection with a registration
         statement pursuant to Rule 415 promulgated under the Securities Act)
         and (ii) take all lawful action such that each of (A) the Registration
         Statement and any amendment thereto does not, when it becomes
         effective, contain an untrue statement of a material fact or omit to
         state a material fact required to be stated therein or necessary to
         make the statements therein, in light of the circumstances under which
         they were made, not misleading and (B) the prospectus forming part of
         the Registration Statement, and any amendment or supplement thereto,
         does not at any time during the Registration Period include an untrue
         statement of a material fact or omit to state a material fact required
         to be stated therein or necessary to make the statements therein, in
         light of the circumstances under which they were made, not misleading;

                  (b) (i) prior to the filing with the Commission of any
         Registration Statement (including any amendments thereto) and the
         distribution or delivery of any prospectus (including any supplements
         thereto), provide draft copies thereof to the Holders as required by
         Section 3(c) and reflect in such documents all such comments as the
         Holders (and their counsel) reasonably may propose; (ii) furnish to
         each of the Holders such numbers of copies of a prospectus including a
         preliminary prospectus or any amendment or supplement to any
         prospectus, as applicable, in conformity with the requirements of the
         Act, and such other documents, as any of the Holders may reasonably
         request in order to facilitate the public sale or other disposition of
         the Registrable Securities owned by such Holder; and (iii) provide to
         the Holders copies of any comments and communications from the
         Commission relating to the Registration Statement, if lawful to do so;

                  (c) register and qualify the Registrable Securities covered by
         the Registration Statement under such other securities or blue sky laws
         of such jurisdictions as any of the Holders shall reasonably request
         (subject to the limitations set forth in Section 3(c) above), and do
         any and all other acts and things which may be necessary or advisable
         to enable such Holder to consummate the public sale or other
         disposition in such jurisdiction of the Registrable Securities owned by
         such Holder;

                  (d) list such Registrable Securities on the markets where the
         Common Stock of the Company is listed as of the Effective Date, if the
         listing of such Registrable Securities is then permitted under the
         rules of such markets;

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                  (e) notify the Holders at any time when a prospectus relating
         thereto covered by the Registration Statement is required to be
         delivered under the Securities Act, of the happening of any event of
         which it has knowledge as a result of which the prospectus included in
         the Registration Statement, as then in effect, includes an untrue
         statement of a material fact or omits to state a material fact required
         to be stated therein or necessary to make the statements therein not
         misleading in the light of the circumstances then existing, and the
         Company shall prepare and file a curative amendment under Section 5(a)
         as quickly as reasonably possible and during such period, the Holders
         shall not make any sales of Registrable Securities pursuant to the
         Registration Statement;

                  (f) after becoming aware of such event, notify each of the
         Holders who holds Registrable Securities being sold (or, in the event
         of an underwritten offering, the managing underwriters) of the issuance
         by the Commission of any stop order or other suspension of the
         effectiveness of the Registration Statement at the earliest possible
         time and take all lawful action to effect the withdrawal, rescission or
         removal of such stop order or other suspension;

                  (g) cooperate with the Holders to facilitate the timely
         preparation and delivery of certificates for the Registrable Securities
         to be offered pursuant to the Registration Statement and enable such
         certificates for the Registrable Securities to be in such denominations
         or amounts, as the case may be, as any of the Holders reasonably may
         request and registered in such names as any of the Holders may request;
         and, within three (3) Trading Days after a Registration Statement which
         includes Registrable Securities is declared effective by the
         Commission, deliver and cause legal counsel selected by the Company to
         deliver to the transfer agent for the Registrable Securities (with
         copies to the Holders) an appropriate instruction and, to the extent
         necessary, an opinion of such counsel;

                  (h) take all such other lawful actions reasonably necessary to
         expedite and facilitate the disposition by the Holders of their
         Registrable Securities in accordance with the intended methods therefor
         provided in the prospectus which are customary for issuers to perform
         under the circumstances;

                  (i) in the event of an underwritten offering, promptly include
         or incorporate in a prospectus supplement or post-effective amendment
         to the Registration Statement such information as the managers
         reasonably agree should be included therein and to which the Company
         does not reasonably object and make all required filings of such
         prospectus supplement or post-effective amendment as soon as
         practicable after it is notified of the matters to be included or
         incorporated in such prospectus supplement or post-effective amendment;
         and

                  (j) maintain a transfer agent and registrar for the Common
         Stock.

                  Section 6.  INDEMNIFICATION.

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                  (a) To the maximum extent permitted by law, the Company agrees
         to indemnify and hold harmless each of the Holders, each person, if
         any, who controls any of the Holders within the meaning of the
         Securities Act, and each director, officer, shareholder, employee,
         agent, representative, accountant or attorney of the foregoing (each of
         such indemnified parties, a "DISTRIBUTING INVESTOR") against any
         losses, claims, damages or liabilities, joint or several (which shall,
         for all purposes of this Agreement, include, but not be limited to, all
         reasonable costs of defense and investigation and all reasonable
         attorneys' fees and expenses), to which the Distributing Investor may
         become subject, under the Securities Act or otherwise, insofar as such
         losses, claims, damages or liabilities (or actions in respect thereof)
         arise out of or are based upon any untrue statement or alleged untrue
         statement of any material fact contained in any Registration Statement,
         or any related final prospectus or amendment or supplement thereto, or
         arise out of or are based upon the omission or alleged omission to
         state therein a material fact required to be stated therein or
         necessary to make the statements therein not misleading; provided,
         however, that the Company will not be liable in any such case to the
         extent, and only to the extent, that any such loss, claim, damage or
         liability arises out of or is based upon (i) an untrue statement or
         alleged untrue statement or omission or alleged omission made in such
         Registration Statement, preliminary prospectus, final prospectus or
         amendment or supplement thereto in reliance upon, and in conformity
         with, written information furnished to the Company by the Distributing
         Investor, its counsel, or affiliates, specifically for use in the
         preparation thereof or (ii) such Distributing Investor's failure to
         deliver to the purchaser a copy of the most recent prospectus
         (including any amendments or supplements thereto). This indemnity
         agreement will be in addition to any liability which the Company may
         otherwise have.

                  (b) To the maximum extent permitted by law, each Distributing
         Investor agrees that it will indemnify and hold harmless the Company,
         and each officer and director of the Company or person, if any, who
         controls the Company within the meaning of the Securities Act, against
         any losses, claims, damages or liabilities (which shall, for all
         purposes of this Agreement, include, but not be limited to, all
         reasonable costs of defense and investigation and all reasonable
         attorneys' fees and expenses) to which the Company or any such officer,
         director or controlling person may become subject under the Securities
         Act or otherwise, insofar as such losses, claims, damages or
         liabilities (or actions in respect thereof) arise out of or are based
         upon any untrue statement or alleged untrue statement of any material
         fact contained in any Registration Statement, or any related final
         prospectus or amendment or supplement thereto, or arise out of or are
         based upon the omission or the alleged omission to state therein a
         material fact required to be stated therein or necessary to make the
         statements therein not misleading, but in each case only to the extent
         that such untrue statement or alleged untrue statement or omission or
         alleged omission was made in such Registration Statement, final
         prospectus or amendment or supplement thereto in reliance upon, and in
         conformity with, written information furnished to the Company by such
         Distributing Investor, its counsel or affiliates, specifically for use
         in the preparation thereof. This indemnity agreement will be in
         addition to any liability which the Distributing Investor may otherwise
         have under this Agreement. Notwithstanding anything to the contrary
         herein, the Distributing Investor shall be liable under this Section
         6(b) for only that amount as does not exceed the net proceeds to such
         Distributing Investor as a result of the sale of Registrable Securities
         pursuant to the Registration Statement.

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                  (c) Promptly after receipt by an indemnified party under this
         Section 6 of notice of the commencement of any action against such
         indemnified party, such indemnified party will, if a claim in respect
         thereof is to be made against the indemnifying party under this Section
         6, notify the indemnifying party in writing of the commencement
         thereof; but the omission so to notify the indemnifying party will not
         relieve the indemnifying party from any liability which it may have to
         any indemnified party except to the extent the failure of the
         indemnified party to provide such written notification actually
         prejudices the ability of the indemnifying party to defend such action.
         In case any such action is brought against any indemnified party, and
         it notifies the indemnifying party of the commencement thereof, the
         indemnifying party will be entitled to participate in, and, to the
         extent that it may wish, jointly with any other indemnifying party
         similarly notified, assume the defense thereof, subject to the
         provisions herein stated and after notice from the indemnifying party
         to such indemnified party of its election so to assume the defense
         thereof, the indemnifying party will not be liable to such indemnified
         party under this Section 6 for any legal or other expenses subsequently
         incurred by such indemnified party in connection with the defense
         thereof other than reasonable costs of investigation, unless the
         indemnifying party shall not pursue the action to its final conclusion.
         The indemnified parties shall have the right to employ one or more
         separate counsel in any such action and to participate in the defense
         thereof, but the fees and expenses of such counsel shall not be at the
         expense of the indemnifying party if the indemnifying party has assumed
         the defense of the action with counsel reasonably satisfactory to the
         indemnified party unless (i) the employment of such counsel has been
         specifically authorized in writing by the indemnifying party, or (ii)
         the named parties to any such action (including any interpleaded
         parties) include both the indemnified party and the indemnifying party
         and the indemnified party shall have been advised by its counsel that
         there may be one or more legal defenses available to the indemnifying
         party different from or in conflict with any legal defenses which may
         be available to the indemnified party or any other indemnified party
         (in which case the indemnifying party shall not have the right to
         assume the defense of such action on behalf of such indemnified party,
         it being understood, however, that the indemnifying party shall, in
         connection with any one such action or separate but substantially
         similar or related actions in the same jurisdiction arising out of the
         same general allegations or circumstances, be liable only for the
         reasonable fees and expenses of one separate firm of attorneys for the
         indemnified party, which firm shall be designated in writing by the
         indemnified party). No settlement of any action against an indemnified
         party shall be made without the prior written consent of the
         indemnified party, which consent shall not be unreasonably withheld so
         long as such settlement includes a full release of claims against the
         indemnified party.

                  All fees and expenses of the indemnified party (including
         reasonable costs of defense and investigation in a manner not
         inconsistent with this Section and all reasonable attorneys' fees and
         expenses) shall be paid to the indemnified party, as incurred, within
         ten (10) Trading Days of written notice thereof to the indemnifying

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         party; provided, that the indemnifying party may require such
         indemnified party to undertake to reimburse all such fees and expenses
         to the extent it is finally judicially determined that such indemnified
         party is not entitled to indemnification hereunder.

         Section 7. CONTRIBUTION. In order to provide for just and equitable
contribution under the Securities Act in any case in which (i) the indemnified
party makes a claim for indemnification pursuant to Section 6 hereof but is
judicially determined (by the entry of a final judgment or decree by a court of
competent jurisdiction and the expiration of time to appeal or the denial of the
last right of appeal) that such indemnification may not be enforced in such case
notwithstanding the fact that the express provisions of Section 6 hereof provide
for indemnification in such case, or (ii) contribution under the Securities Act
may be required on the part of any indemnified party, then the Company and the
applicable Distributing Investor shall contribute to the aggregate losses,
claims, damages or liabilities to which they may be subject (which shall, for
all purposes of this Agreement, include, but not be limited to, all reasonable
costs of defense and investigation and all reasonable attorneys' fees and
expenses), in either such case (after contribution from others) on the basis of
relative fault as well as any other relevant equitable considerations. The
relative fault shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by the
Company on the one hand or the applicable Distributing Investor on the other
hand, and the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. The Company and
the Distributing Investor agree that it would not be just and equitable if
contribution pursuant to this Section 7 were determined by pro rata allocation
or by any other method of allocation which does not take account of the
equitable considerations referred to in this Section 7. The amount paid or
payable by an indemnified party as a result of the losses, claims, damages or
liabilities (or actions in respect thereof) referred to above in this Section 7
shall be deemed to include any legal or other expenses reasonably incurred by
such indemnified party in connection with investigating or defending any such
action or claim. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.

         Notwithstanding any other provision of this Section 7, in no event
shall (i) any of the Distributing Investors be required to undertake liability
to any person under this Section 7 for any amounts in excess of the dollar
amount of the proceeds received by such Distributing Investor from the sale of
such Distributing Investor's Registrable Securities (after deducting any fees,
discounts and commissions applicable thereto) pursuant to any Registration
Statement under which such Registrable Securities are registered under the
Securities Act and (ii) any underwriter be required to undertake liability to
any person hereunder for any amounts in excess of the aggregate discount,
commission or other compensation payable to such underwriter with respect to the
Registrable Securities underwritten by it and distributed pursuant to such
Registration Statement.

         Section 8. NOTICES. All notices, demands, requests, consents,
approvals, and other communications required or permitted hereunder shall be in
writing and, unless otherwise specified herein, shall be (i) hand delivered,
(ii) deposited in the mail, registered or certified, return receipt requested,

                                       10
<PAGE>

postage prepaid, (iii) delivered by reputable air courier service with charges
prepaid, or (iv) transmitted by facsimile, addressed as set forth on EXHIBIT A
hereto or to such other address as such party shall have specified most recently
by written notice. Any notice or other communication required or permitted to be
given hereunder shall be deemed effective (a) upon hand delivery or delivery by
facsimile, with accurate confirmation generated by the transmitting facsimile
machine, 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 first business day following the date of sending by reputable
courier service, fully prepaid, addressed to such address, or (c) upon actual
receipt of such mailing, if mailed. Any party hereto may from time to time
change its address or facsimile number for notices under this Section 8 by
giving at least ten (10) days' prior written notice of such changed address or
facsimile number to the other party hereto.

         Section 9. ASSIGNMENT. This Agreement is binding upon and inures to the
benefit of the parties hereto and their respective heirs, successors and
permitted assigns. The registration rights granted to any Holder under this
Agreement may be transferred as set forth below (provided (1) the transferee is
bound by the terms of this Agreement and (2) the Company is given written notice
prior to such transfer) to: (i) any partner or affiliate of such Holder; (ii) in
the case of an individual, any member of the immediate family of such individual
or any trust for the benefit of the individual or any such family member or
members; or (iii) any other transferee which receives substantially all of the
Registrable Securities (or the rights thereto) held by such Holder.

         Section 10. ADDITIONAL COVENANTS OF THE COMPANY. For so long as it
shall be required to maintain the effectiveness of the Registration Statement,
it shall file all reports and information required to be filed by it with the
Commission in a timely manner and take all such other action so as to maintain
such eligibility for the use of the applicable form.

         Section 11. COUNTERPARTS/FACSIMILE. This Agreement may be executed in
two or more counterparts, each of which shall constitute an original, but all of
which, when together shall constitute but one and the same instrument, and shall
become effective when one or more counterparts have been signed by each party
hereto and delivered to the other parties. In lieu of the original, a facsimile
transmission or copy of the original shall be as effective and enforceable as
the original.

         Section 12. REMEDIES. The remedies provided in this Agreement are
cumulative and not exclusive of any other remedies provided by law. If any term,
provision, covenant or restriction of this Agreement is held by a court of
competent jurisdiction to be invalid, illegal, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired
or invalidated, and the parties hereto shall use their best efforts to find and
employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction.

         Section 13. CONFLICTING AGREEMENTS. The Company shall not enter into
any agreement with respect to its securities that is inconsistent with the
rights granted to the Holders in this Agreement or otherwise prevents the
Company from complying with all of its obligations hereunder.

                                       11
<PAGE>

         Section 14. HEADINGS. The headings in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of
this Agreement.

         Section 15. GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of Florida applicable to
contracts made in Florida by persons domiciled in Miami and without regard to
its principles of conflicts of laws. The Company and the Holders agree to submit
themselves to the IN PERSONAM jurisdiction of the state and federal courts
situated within the Southern District of the State of Florida with regard to any
controversy arising out of or relating to this Agreement. The non-prevailing
party to any dispute hereunder shall pay the expenses of the prevailing party,
including reasonable attorneys' fees, in connection with any such dispute.

         Section 16. AMENDMENTS, WAIVERS AND CONSENTS. Any provision in this
Agreement to the contrary notwithstanding, (A) changes in or additions to this
Agreement may be made, (B) compliance with any covenant or provision herein set
forth may be omitted or waived, or (C) approval or consent by the Holders may be
obtained, only if the Company receives consent thereto in writing from persons
holding or having the right to acquire a majority of the Registrable Shares at
the time such consent is given (on an as-converted, as exchanged basis). All
Holders shall be bound by any amendment to this Agreement that is approved by or
consented to by such persons holding or having the right to acquire a majority
of the Registrable Shares.

         Section 17. SEVERABILITY. If any provision of this Agreement shall be
invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability shall not affect the validity or enforceability of the
remainder of this Agreement or the validity or unenforceability of this
Agreement in any other jurisdiction.

         Section 18. INTEGRATION. This Agreement supersedes all prior agreements
and understandings among the parties hereto with respect to the subject matter
hereof (including that certain Registration Rights Agreement dated as of April
3, 2002 among the parties hereto).

              [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

                                       12
<PAGE>

                [SIGNATURE PAGE OF REGISTRATION RIGHTS AGREEMENT]

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

                                  TANGIBLE ASSET GALLERIES, INC.

                                  By:    /S/ SILVANO DIGENOVA
                                      --------------------------------------
                                         Silvano DiGenova, Chairman & CEO

                                  INVESTORS:

                                  STANFORD VENTURE CAPITAL HOLDINGS, INC.

                                  By:   /S/ JAMES M. DAVIS
                                     ---------------------------------------
                                  Name: James M. Davis
                                  Title: President

                                  /S/ SILVANO DIGENOVA
                                  ------------------------------------------
                                  Silvano DiGenova, an individual

                                  /S/ DANIEL T. BOGAR
                                  ------------------------------------------
                                  Daniel T. Bogar, an individual

                                  /S/  WILLIAM R. FUSSELMANN
                                  ------------------------------------------
                                  William R. Fusselmann, an individual

                                  /S/ OSVALDO PI
                                  ------------------------------------------
                                  Osvaldo Pi, an individual

                                  /S/ RONALD M. STEIN
                                  ------------------------------------------
                                  Ronald M. Stein, an individual

                                       13<PAGE>

                                  EXHIBIT 4.1

THIS ASSOCIATE AGREEMENT made as of the 7th day of April, 1998.

BETWEEN:

                           ExpediaCom Global Inc. a Company duly incorporated
                           under the laws of the State of Nevada, with its head
                           office in the City of Las Vegas in the State of
                           Nevada, and its Canadian Division Subsidiary Office
                           at Unionville, in the Province of Ontario

                           ("ExpediaCom")

                           OF THE FIRST PART

AND:

                           JanSus Telecom Services Inc. a Company duly
                           incorporated under the laws of the Dominion of
                           Canada, with its head office in the City of Ottawa in
                           the Province of Ontario

                           ("JanSus")

                           OF THE SECOND PART

         WHEREAS ExpediaCom is engaged in the business of providing consulting
         services, including the management of business relationships;

         AND WHEREAS JanSus professes an expertise in providing consulting
         services in the area of telecommunications strategic market planning,
         product planning, product management and various telecommunications
         processes including marketing, technology and operations processes and
         the implementation of these processes;

                                       1
<PAGE>

THIS AGREEMENT WITNESSES that JanSus hereby agrees to Associate with ExpediaCom
for the purpose of providing professional services which, upon completion, shall
become the property of ExpediaCom upon the following terms and conditions:

1.       PROFESSIONAL SERVICES

         (a)      The professional services to which this Agreement applies,
                  shall be in accordance with Schedule "A" attached hereto and
                  forming part of this Agreement.

         (b)      In the event that ExpediaCom desires to change the scope of
                  work as is set out in Schedule "A" attached then in such event
                  the following shall occur:

                  (i)      Both parties shall agree in writing to any amendment
                           to either a segment of Schedule "A" or the insertion
                           of a new segment;

                  (ii)     Remuneration levels will be reviewed and revised in
                           accordance with the revised scope of work proposed.

2.       PERSONAL COVENANT AND DELEGATION

         Notwithstanding anything else contained herein, it is in agreement
         between the parties that Susanna Letwin shall provide the principal
         services on behalf of JanSus as set forth in Schedule "A".
         Notwithstanding the same, JanSus shall be at liberty to provide
         additional personnel whether by way of employee or subcontractor to
         work on the said project on the understanding that the compensation set
         forth above shall be billable only by Susanna Letwin on behalf of
         JanSus, unless agreed to in writing by ExpediaCom.

3.       STATUS OF CONTRACTOR

         It is expressly acknowledged by the parties hereto that JanSus is an
         "Independent Contractor" with respect to ExpediaCom and nothing in this
         Agreement is intended nor shall be construed to create an
         employer/employee relationship, a joint venture relationship, or a
         partnership relationship, or to allow ExpediaCom to exercise control or
         direction over the manner or method by which JanSus performs the
         services which are the subject matter of this Agreement, provided
         always that the services to be provided hereunder by JanSus shall be
         provided in a manner consistent with the standards governing such
         services and provisions of this Agreement. ExpediaCom understands and
         agrees that:

         (a)      JanSus' personnel will not be treated as employees of
                  ExpediaCom for tax purposes;

                                       2
<PAGE>

         (b)      ExpediaCom will not withhold on behalf of JanSus or JanSus'
                  employees pursuant to this Agreement any sums for income tax,
                  U.I.C., C.P.P. or any other withholdings and benefits, such
                  sums, if any, are the sole responsibility of JanSus, and;

         (c)      JanSus will indemnify and hold harmless ExpediaCom from any
                  and all loss or liability arising with respect to such
                  payments, withholdings, and benefits, if any, excepting any
                  fines and levies occasioned by ExpediaCom's failure to timely
                  notify JanSus thereof. This Agreement strictly prohibits
                  JanSus from incurring liability, in any form, on behalf of
                  ExpediaCom in the undertaking of the activities, and as per
                  the conditions, of this Agreement.

4.       EXPEDIACOM OBLIGATIONS

         ExpediaCom shall ensure at all times that JanSus has access to such
         information, employees of ExpediaCom, customers of ExpediaCom or any
         other personnel involved in the project as set out in Schedule "A" as
         may be required by JanSus to perform the services set out in the said
         Schedule.

5.       DURATION OF THIS AGREEMENT

         This Agreement shall be for a period of One year (1) year, commencing
         retroactively on the 1st day of January, 1998 and ending December 31st,
         1998, based on an estimated engagement of Three (3) days per week.

6.       COMPENSATION

         (a)      ExpediaCom shall pay to JanSus a per diem of SIX HUNDRED
                  ($600.00) DOLLARS CDN billable in half day increments. The per
                  diem is deemed to be Eight (8) hours.

         (b)      Payment shall be remitted to JanSus net Thirty (30) days of
                  the invoice date as submitted by JanSus.

         (c)      The parties agree that the first invoice to be rendered by
                  JanSus shall include Two and one-half (2.5) days of work
                  provided to ExpediaCom by JanSus prior to the commencement
                  date of this Agreement.

         (d)      JanSus reserves the right to withhold its services in the
                  event of default of payment of any invoice when due by
                  ExpediaCom. Such withholding of services shall not constitute
                  a breach of this Agreement.

                                       3
<PAGE>

         (e)      Interest on overdue accounts will be at the rate of One (1%)
                  percent per month on the outstanding balance.

7.       BONUS INCENTIVE

         (a)      Based on JanSus completing the projects earlier than the
                  stated due dates in Fifty (50%) percent or more of the
                  projects set out in Schedule "A" attached, ExpediaCom will pay
                  JanSus a bonus equivalent to Fifteen (15%) percent of the
                  amount paid in consulting fees to JanSus during the contract
                  period as defined in Section 1: Duration of This Agreement,
                  above.

         (b)      JanSus shall include the calculation of any bonus incentive
                  due with the last invoice for that segment which shall be due
                  and payable Thirty (30) days from the date of invoice.

8.       DISBURSEMENTS

         ExpediaCom agrees to reimburse JanSus the Associate for out of pocket
         disbursements for travel, hotel accommodations, meals, administrative
         and other project costs on condition that any single expense which
         exceeds Five Hundred ($500.00) Dollars is approved in writing and in
         advance by ExpediaCom. ExpediaCom shall not be responsible for any
         single disbursement in excess of Five Hundred ($500.00) Dollars to
         which it has not given written approval in advance.

9.       AMENDMENT OF THIS AGREEMENT

         Any changes to this Agreement must be in writing and signed by both
         parties in order to be effective. The party wishing to amend this
         Agreement shall serve notice on the other party in accordance with the
         notice provision set out below.

10.      EARLY TERMINATION OF THIS AGREEMENT

         Either party to this Agreement may terminate this Agreement, on Thirty
         (30) days written notice to the other in accordance with the notice
         provision set out below.

         In the event that ExpediaCom elects to terminate this Agreement it
         shall pay to JanSus the equivalent of Twenty (20) days per diem in lieu
         of notice.

                                       4
<PAGE>

         In the event that JanSus elects to terminate this Agreement then JanSus
         shall be limited to a maximum of Twenty (20) billable days during the
         said Thirty (30) day notice period. ExpediaCom may elect to accept such
         notice of termination prior to the expiration of the said Thirty (30)
         day period, in which case JanSus shall be entitled to bill and be paid
         only to the date of such notice by ExpediaCom of such acceptance.

11.      EFFECTS OF TERMINATION

                  Upon termination of this Agreement, as herein above provided,
                  neither party shall have any further obligation hereunder
                  except for:

                  (a)      obligations accruing prior to the date of
                           termination; or

                  (b)      obligations, promises, or covenants contained herein
                           which are expressly made to extend beyond the term of
                           this Agreement, including, without limitation,
                           confidentiality of information, and indemnities.

12.      NOTICE

         Any notice of a proposed amendment or notice of termination, early or
         otherwise, as set out in the appropriate sections herein, shall require
         Thirty (30) days written notice prior to the date on which the
         amendment or termination is to take effect and shall be required in
         written form, and delivered to the business address of the parties to
         this Agreement set forth below:

         ExpediaCom Global Inc.
         5300 West Sahara
         Suite 101
         Las Vegas, Nevada
         U.S.A.  89102

         ExpediaCom Inc.
         A Division of ExpediaCom Global Inc.
         4261 - A14, Highway 7
         Suite 160
         Unionville, Ontario
         L3R 9W6

         JanSus
         7 Forsyth Lane
         Nepean, Ontario
         Canada
         K2H 9H1

                                       5
<PAGE>

         Any notice which is required to be served under this Agreement shall be
         served by registered mail at the address as set forth above and the
         party upon whom the notice is being served shall have been deemed to
         have received the notice on the fifth day following the day on which
         this notice was mailed.

13.      CONFIDENTIALITY

         (a)      Any information discussed at Business Development Meetings or
                  any other information obtained by JanSus as a result of this
                  Agreement shall, at all times, be considered confidential. In
                  the course of performing professional services for ExpediaCom
                  and during any Business Development Meetings, JanSus will or
                  have become aware or have access to financial, business,
                  marketing and other information, data, reports, tenders,
                  opinions and other materials and documents, tangible or
                  intangible, oral or written, which is the proprietary
                  information of ExpediaCom's clients (Confidential
                  Information).

         (b)      JanSus agrees to keep in strictest confidence all Confidential
                  Information (as defined above) which JanSus may acquire in
                  connection with or as a result of performance of this
                  Agreement and agrees not to publish, communicate, divulge or
                  disclose to any unauthorized third party or parties any
                  information, without the prior written consent of ExpediaCom,
                  during the term of this Agreement or at any time subsequent to
                  it.

         (c)      JanSus agrees not to use any of the foregoing Confidential
                  Information except for the furtherance of its obligations
                  under this Agreement.

14.      ASSIGNMENT

         No assignment of this Agreement or the rights and obligations hereunder
         shall be valid without the specific written consent of both parties
         hereto.

15.      WAIVER OF BREACH

         The waiver by any party of a breach or violation of any provision of
         this Agreement shall not operate as, or be construed to be, a waiver of
         any subsequent breach of the same or other provision hereof.

                                       6
<PAGE>

16.      GENDER AND NUMBER

         Whenever the context hereof requires, the gender of all words shall
         include the masculine, feminine and neuter and the number of all words
         shall include the singular and the plural.

17.      SEVERABILITY

         In the event any provision of this Agreement is held to be
         unenforceable for any reason, the non enforceability thereof shall not
         affect the remainder of this Agreement, which shall remain in full
         force and effect and enforceable in accordance with its terms.

18.      ARTICLES AND OTHER HEADINGS

         The articles and other headings contained in this Agreement are for
         reference purposes only and shall not affect in any way the meaning or
         interpretation of this Agreement.

19.      ENTIRE AGREEMENT

         This Agreement supersedes all previous contracts and constitutes the
         entire agreement between the parties. No oral statements or prior
         written material not specifically incorporated herein shall be of any
         force and effect and no changes in or additions to this Agreement shall
         be recognized unless incorporated herein by amendment as provided
         herein, such amendment(s) to become effective on the date stipulated in
         such amendments. ExpediaCom specifically acknowledges that in entering
         into and executing this Agreement, JanSus is relying solely upon the
         representations and agreements contained in this Agreement and no
         others.

20.      INTERPRETATION

         It is mutually agreed between the parties that this Agreement shall be
         interpreted in accordance with the laws of the Province of Ontario and
         that the jurisdiction for any action commenced by either party as
         against the other shall be the appropriate Court at the City of Ottawa
         in the Province of Ontario.

                                       7
<PAGE>

IN WITNESS WHEREOF the parties hereunto affixed their hands and seals, and the
Corporation has hereunto affixed its corporate seal under the hands of its duly
authorized officers in that behalf.

DATED at Ottawa, this 7th day of April, 1998.

SIGNED, SEALED AND DELIVERED  )
         in the presence of:  )  ExpediaCom Global Inc.
                              )  Per:
                              )
                              )  _____________________

                              ) JanSus Telecom Services Inc.
                              ) Per:
                              )
                              ) ______________________
                              )

                                       8

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