Document:

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                                                                EXHIBIT 10.05.24

                            SALEM MEDIA CORPORATION

                                    WYLL-FM

                               25 NORTHWEST POINT
                          ELK GROVE VILLAGE, IL 60007
                                  847-958-5030

                          ARLINGTON HTS, IL TOWER SITE

                       SONSINGER BROADCASTING OF CHICAGO

                             PREPARED JULY 27, 1999

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                                                 WYLL Agreement prepared by TDM
                                                                    Page 1 of 15

               TOWER LEASE AGREEMENT ARLINGTON HEIGHTS, ILLINOIS

This agreement is entered into on this 30th day of July, 1999, between SALEM
MEDIA CORPORATION (WYLL-FM) ("LESSEE"), and Sonsinger Broadcasting Company of
Chicago, LP. ("Lessor").

                                   ARTICLE I

                                  DEFINITIONS

The terms listed below when spelled with initial capital letters have the
following meanings in this agreement:

     1.1  ADJUSTMENT DATE shall mean the first day of February following the
first anniversary of the Commencement Date and each subsequent first day of
February this Agreement remains in effect.

     1.2  AGREEMENT means this Tower Lease Agreement, including the schedules
and any other executed attachments and/or addenda all of which are made part of
this Agreement.

     1.3  ANTENNA means the device identified as "Antennas" on Schedule 5.1
consisting of one four bay 16 element main FM broadcast antenna mounted on the
tower mast with a center of radiation at approximately 429 feet AGL using one
four inch coax line. One four bay Auxiliary FM broadcast antenna, approximately
forty foot in length mounted so that the upper most part of the antenna system
shall be no higher than 250 feet AGL using one three inch coax line. One four
foot STL dish mounted at approximately 220 feet AGL using one 7/8 inch coax. A
quantity of not more than three one meter diameter satellite receive dishes may
be mounted on the tower. Each one meter satellite receive dish shall be mounted
no higher than 20 feet AGL. All antennas must be designed so as to reduce, to
the fullest extent possible, any wind loading on the Tower, as hereinafter
defined.

     1.4  ANTENNA LOCATION means the locations for the placement of the Antenna
as set forth in Section 5.1 hereof.

     1.5  ARTICLE or ARTICLES means one or more of the articles of this
Agreement.

     1.6  CABLE ROUTE means the locations designed from time to time by Lessor
for placement of Lessee's cabling on Lessor's Property, as hereinafter defined.

     1.7  CABLING means the coaxial, waveguide, wire or other cabling or
transmission lines of Lessee not to exceed one such line for each antenna on
the Tower.

     1.8  COMMENCEMENT DATE means 12:01 AM on the date specified in this
Agreement as the Commencement Date of the Initial Term, as hereinafter defined.

     1.9  EQUIPMENT means any device, equipment, structure, buildings, material
and apparatus used or useful in the operation of the Salem Media Corporation
(WYLL-FM), standard FM radio broadcast station and its associated equipment
approved by Lessor for use on Lessor's Property. Notwithstanding anything in
this Agreement to the contrary, the Equipment shall be paid for, furnished and
installed by Lessee.

     1.10 EQUIPMENT SPACE means the area called the WYLL-FM transmitter room
which is approximately 26 feet x 18 feet with an attached 10 foot x 8 foot room
as designated in Schedule 5.2 by Lessor for the limited purpose of constructing,
installation, maintenance, operation, repair or removal of the equipment.
Notwithstanding anything in this Agreement to the contrary, any item to be
constructed or installed at the Equipment Space pursuant to this Agreement shall
be paid for, constructed and maintained by Lessee.

     1.11 EXPIRATION DATE means 11:59 PM on the date specified in this Agreement
as the date on which the Initial Term or any extended term of this Agreement
expires.

     1.12 FACILITIES and FACILITY refer collectively or individually to any and
all Equipment, Cabling, Antenna and/or buildings or other structures required
to be constructed pursuant to Section 5.2 hereof, as the context may indicate.

     1.13 INITIAL TERM means the period from the Commencement Date to the date
set forth in Section 3.3.

     1.14 LEASED SPACE refers collectively or individually to any or every
Equipment Space, Cable Route, and/or Antenna Location, as the context may
indicate.

     1.15 LESSEE'S EMPLOYEES means any employee, officer, or partner of Lessee;
any agent, contractor, or subcontractor of Lessee, and any employee, officer,
or partner of such agent, contractor, or subcontractor, and any person placed
on the Authorized Entry List, as set forth in Section 8.2, at the request of
Lessee.

     1.16 LESSOR'S PROPERTY means the land, buildings, towers, fixtures, and
other improvements comprising the Lessor's premises in which the Leased Space
is located.

     1.17 MONTHLY RENT shall have the meaning as defined in Section 4.2(c)
hereof.
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                                                  WYLL Agreement prepared by TDM
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      1.18  RENT means the consideration paid by Lessee to Lessor pursuant to
this Agreement.

      1.19  SCHEDULE or SCHEDULES means one or more schedules attached to this
Agreement.

      1.20  INTENTIONALLY OMITTED.

      1.21  SECTION or SECTIONS means one or more of the sections of this
Agreement.

      1.22  TOWER means the antenna tower located upon Lessor's Property in
Arlington Heights, IL.

                                   ARTICLE II

                             SCOPE OF THE AGREEMENT

      2.1   LEASE. This Agreement sets forth the terms and conditions under
which Lessor agrees to lease space to Lessee. Lessee agrees to use the Leased
Space and related rights only in accordance with the terms and conditions of
this Agreement; to comply with all applicable governmental regulations and
requirements of law pertaining to Lessee's activities in or around Lessor's
Property; to pay all fees, charges, costs and expenses in accordance with this
Agreement promptly when due; to keep the Facilities properly maintained; and to
comply in all respects with each of the obligations, duties, rules, conditions,
and requirements applicable to Lessee under this Agreement.

      2.2   NO OTHER USE. Lessee will use the Leased space solely for operating
the Antenna and Equipment for its standard FM radio broadcast station, only for
the purpose and benefit of Salem Media Corporation (WYLL-FM) Lessee will not
make any other use of the Leased Space and related rights provided under this
Agreement. Lessee shall not use Lessor's Property or any portion thereof,
including the Equipment Space, for purpose of maintaining the operations
center, dispatch center, studios, or offices of Lessee.

      2.3   NO OTHER RIGHTS. Only the Leased Space and related rights described
in this Agreement are provided under this Agreement. Lessor does not provide
any service or product under this Agreement.

                                  ARTICLE III

                  TERM OF THE AGREEMENT; TERMINATION; RENEWALS

      3.1   COMMENCEMENT DATE. The Commencement Date shall be the date when
Lessee begins construction or when Lessee commences with any part of the
installation on Lessor's property.

      3.2   COMMENCEMENT CERTIFICATION. When the Commencement Date has been
determined, such date shall be evidenced by a Certificate, in form and
substance similar to Exhibit A, executed and acknowledged by Lessor and Lessee
and delivered by each to the other.

      3.3   EXPIRATION DATE. The Expiration Date of this Agreement shall be the
day preceding the Tenth (10th) year anniversary of the Commencement Date,
except that if such date is not the last day of a calendar month, the
Expiration Date of this Agreement shall be the last day of the month in which
the Tenth (10th) anniversary of the Commencement Date falls. If the term has
been extended as provided in Section 3.4, the Expiration Date shall be the last
day of the term as so extended. Lessee shall notify the Lessor of the Lessee's
intention to renew this Lease Agreement at least 12 months prior to the end of
its term. The lessee will have the Right of first refusal, on the space
provided by the Lessor.

      3.4   INTENTIONALLY OMITTED.

      3.5   TERMINATION BY LAW. Lessor shall have the right to terminate this
Agreement, upon notice to Lessee, and shut down and/or remove Lessee's Antenna,
Cabling and Equipment if:

      (a)   This Agreement is required to be terminated by ruling or regulation
of the Federal Communications Commission ("FCC") or the Federal Aviation
Administration ("FAA") or by reason of any violation of the Communications Act
of 1934, as amended, arising out of Lessee's use of the Leased Premises.

      (b)   A final determination, not subject to appeal, of any state or
federal governmental body that Lessee's Facilities or the placement and/or
operation of Lessee's Facilities is in violation of any laws, rules or
regulations of any local state or federal agencies including, without
limitation, any land use provisions and/or any zoning and/or planning code.

      (c)   A final determination, not subject to appeal, that Lessee's
Facilities fail to meet in any material respect the requirements imposed by law
or the rules and regulations of local, state and federal agencies and Lessee
shall have failed to cure said matters within ten (10) days of such final
determination and written notice thereof.

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                                                  WYLL Agreement prepared by TDM
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                                   ARTICLE IV

                           FEES AND CHARGES; BILLING

     4.1  PAYMENT OF RENT. Lessee agrees to pay rent to Lessor, without notice
or demand, from the Commencement Date through the Expiration Date, or such
earlier date as this Agreement is terminated as provided herein, at:

                    Sonsinger Broadcasting of Chicago LP
                    4880 Santa Rosa Road, Suite 300
                    Camarillo, California 93012
                    Attention: Accounting
                    805-987-0400

     or to such other person or place as Lessor may designate from time to time
by notice to Lessee.

4.2       RENT.

          (a)  Beginning with the Commencement Date, and continuing to the first
Adjustment Date, the base rent shall be the sum of $120,000.00 per annum,
payable in equal monthly installments of $10,000.00 in advance of the first day
of each month (and thereafter on each and every Adjustment Date the monthly rent
shall be according to Section 4.2; provided, however, that the installment of
the base rent payable for the first full month of the term shall be due and
payable on the full execution and delivery of this Agreement. If the
Commencement Date and/or Expiration Date occur on a day than the first day of a
calendar month, rent shall be prorated for the month in which the Commencement
Date and/or Expiration Date occurs.

          (b)  During the one (1) year period beginning with each Adjustment
Date, the monthly rent payable by Lessee shall reflect an adjustment, as herein
provided, for the change, if any, from the year in which the Commencement Date
falls, in the Consumer Price Index for All Urban Consumers [Base Year
1982-84=100] ("CPI") as measured in February and published by the United States
Department of Labor, Bureau of Labor Statistics; i.e., during the one (1) year
period beginning with the Adjustment Date, the monthly rent shall be the product
obtained by multiplying the Base Rent times a fraction, the numerator of which
shall be the CPI for February of the year such Adjustment Date falls and the
denominator of which shall be the CPI for February of the year in which the
Commencement Date falls. Notwithstanding the results of the foregoing
calculation, the annual base rent payable by Lessee hereunder shall not in any
event be less than 105% of the annual base rent payable during the immediately
preceding one (1) year period. In the event that the Bureau of Labor Statistics
shall change the base period for the CPI, the new index number shall be
substituted for the old index number in making the above computation. In the
event the Bureau of Labor Statistics ceases publishing the CPI, or materially
changes the method of its computation, Lessor and Lessee shall accept comparable
statistics on the purchasing power of the consumer dollar as published at the
time of said discontinuation or change by a responsible financial periodical of
recognized authority to be chosen by Lessor subject to reasonable consent of
Lessee.

          (c)  As used herein, "Monthly Rent" shall refer to the rent to be paid
by Lessee pursuant to this Section 4.2.

     4.3  ADDITIONAL RENT. Lessee shall pay or reimburse Lessor within ten (10)
days after receipt of a statement from Lessor for all taxes, including without
limitation, real estate taxes, personal property taxes, ad valorem taxes and
special assessments, levied against Lessor which are attributable to Lessee, or
its assigns, as a result of the Facilities, buildings or structures placed or
operated on Lessor's Property by Lessee or services offered by Lessee on
Lessor's Property (but excluding any taxes attributable to Lessor's Property),
which statement shall include, at the request of Lessee, such documentation as
is reasonably necessary to substantiate said amounts. In addition, Lessee shall
pay or reimburse Lessor within ten (10) days after receipt of a statement for
any state or local tax of any kind (except income taxes) arising from or
attributable to this Agreement.

     4.4  NO NOTICE. From and after the Commencement Date, Lessee will pay to
Lessor the Monthly Rent. Said installments are due and payable in advance,
without notice or demand. Although Lessor may, for its own convenience, issue
bills to Lessee, any failure of Lessor to issue a timely bill will not relieve
Lessee of its obligation to pay Monthly Rent without notice or demand. Lessor
requires an additional ten percent (10%) of the total rent due in late fees when
the monthly rental payment is made later than 15 days after its due date.

     4.5  NO SET-OFF. Except as otherwise provided in this Agreement, Lessee
will pay all Rent, fees, costs, and expenses without deduction or set-off of any
kind.

     4.6  INTENTIONALLY OMITTED.

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                                                  WYLL Agreement prepared by TDM
                                                                    Page 4 of 15

                                   ARTICLE V

                   GRANT OF LEASED SPACE AND EQUIPMENT SPACE

        5.1 ANTENNA LOCATION. Lessor, in consideration of the rents to be paid
and the covenants contained herein, hereby leases to Lessee the Antenna
Location as generally depicted on Schedule 5.1 for the limited purpose of
installing, maintaining, operating, or repairing the Antenna in accordance with
this Agreement, and to pass through portions of the Lessor's Property
designated by Lessor for ingress to and egress from the Antenna Location. All
site work for the use of the Antenna Location shall be performed by Lessee and
at the expense of Lessee.

        5.2 EQUIPMENT SPACE. Lessor, in further consideration of the rents to
be paid and covenants contained herein, hereby grants to Lessee the Equipment
Space as reasonably determined by Lessor, for the limited purpose of
installing, maintaining, operating, repairing, or removing the Equipment in
accordance with this Agreement; and to pass through portions of the Lessor's
Property designated by Lessor for ingress to and egress from the Equipment
Space. All site work for the use of the Equipment Space shall be performed by
Lessee and at the expense of Lessee. In the event Lessor determines, in its
sole and absolute discretion and which determination shall be specified in
advance of the Commencement Date, that Lessee's Equipment shall not reside in
the buildings and other structures on Lessor's property currently designed to
house such equipment, Lessee, at Lessee's sole cost and expense, shall be
required to construct such enclosures, buildings or structures on that portion
of Lessor's property designated by Lessor, at its sole and absolute discretion
and as generally depicted on Schedule 5.2, and Lessee shall house its Equipment
in such enclosures, buildings or structures. Notwithstanding anything in this
Agreement to the contrary, in the event Lessee is required by Lessor to
construct a permanent building or other permanent structure on Lessor's
Property, at the expiration of the term of this Agreement, the permanent
building and other permanent structures shall, at the sole election of Lessor,
become the property of Lessor.

        5.3 CABLE ROUTE. Lessor, in further consideration of the rents to be
paid and the covenants herein contained, hereby leases to Lessee the Cable
Route as reasonably determined by Lessor, for the limited purpose of
installing, maintaining or repairing the Cabling in accordance with this
Agreement; and to pass through portions of the Lessor's Property designated by
Lessor for ingress to and egress from the Cable Route. All site work for the
use of the Cable Route shall be performed by Lessee and at the expense of
Lessee.

                                   ARTICLE VI

                          INSTALLATIONS OF FACILITIES

        6.1 SPECIFICATIONS. Lessor shall prepare specifications for Lessee's
delivery of the Facilities to Lessor's property and Lessee's installation of
the Facilities in the Leased Space. All such specifications shall be based upon
information contained in the Schedules hereto and engineering data furnished by
Lessee and may include the requirement of Lessee to provide, at Lessee's
expense, the purchase and installation of such equipment for protecting
Lessor's or its tenants' property.

        6.2 PRIOR APPROVAL. Prior to the initiation by Lessee of the delivery,
installation, replacement, modification or removal of Facilities, Lessee must
obtain the prior written approval of Lessor to Lessee's proposed scheduling of
work and Lessee's choice of vendors and contractors. Lessor, at its sole
discretion and election, may condition said approval on obtaining additional
information and/or requiring schedule changes and substitution of vendors and
contractors. Lessor's approval of any act or action of Lessee or Lessee's
Employees pursuant to this Agreement shall not be considered an endorsement,
representation, or warranty regarding the viability of said scheduling, and/or
the ability of said vendor or contractor to perform the work intended by
Lessee. Lessee shall deliver, construct and install the Facilities in strict
conformity with the specifications, schedules, and choice of vendors and
contractors approved by Lessor.

        6.3 DELIVERY & INSTALLATION OF FACILITIES. Lessee shall furnish,
construct and install all Facilities. Physical delivery of the Facilities to
Lessor's property and all installation work performed by Lessee shall be
performed in accordance with the specifications and approvals furnished
pursuant to this Article.

        6.4 LESSEE'S RESPONSIBILITIES. Notwithstanding anything in this
Agreement to the contrary, Lessee has the sole responsibility for any product
liability claims, product warranty claims, delays and service outages of Lessee
that may result from defective Facilities, improper scheduling, improper
installation, or any other matter, irrespective of the cause.

                                  ARTICLE VII

                              USE OF LEASED SPACE

        7.1 FACILITIES. Lessee may bring the Facilities into the Leased Space
at Lessee's own risk and expense. Equipment shall be confined to the Equipment
Space, Cabling shall be confined to the Cabled Route, and the Antenna shall be
confined to the Antenna Location.

        7.2 OTHER MATERIALS. In addition to the Facilities, Lessee may bring
into the Leased Space, at Lessee's own risk and expense (a) any materials and
apparatus specially identified in written engineering
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                                                  WYLL Agreement prepared by TDM
                                                                    Page 5 of 15

specifications approved in writing by Lessor, and (b) small tools and portable
test equipment as needed to perform Lessee's obligations under this Agreement.
Lessee's rights under this Section 7.2 are subject to the conditions that all
such materials, apparatus, tools, and test equipment will remain at all times in
the care, custody, and control of Lessee's Employees.

     7.3  NEGATIVE COVENANTS. Lessee may not bring into the Leased Space any
material, apparatus, facilities, tools or equipment other than those identified
in this Agreement unless Lessee first obtains written permission from Lessor.
Without limiting the foregoing, Lessee is specifically informed that the
following are not permitted within the Leased Space or in or upon the Lessor's
Property: wet cell batteries, explosives, flammable liquids or gases, alcohol,
controlled substances, weapons, toxic materials, hazardous waste, pollutants,
contaminants, asbestos and asbestos related products, polychlorinated biphenyl's
(PCB's), petroleum, crude oil or any fraction or distillate thereof, and any
similar equipment and/or materials. Lessee shall not use or permit Lessor's
Property to be used by any dangerous, toxic, noxious, offensive, or unlawful
purposes.

     7.4  EMERGENCY NUMBER. During the term of this Agreement and any extension
thereof, Lessor and Lessee shall provide the other with a telephone number
which, if called, will ring at a location that is staffed by their respective
agents 24 hours each and every day, 7 days a week and every week. Lessee and
Lessor shall notify each other promptly in the event of any change in such
telephone number.

     7.5  NON-EXCLUSIVE USE.

          (a)  Lessee understands that Lessee's use of Lessor's Property is
non-exclusive and, subject to Lessee's right to use the Leased Space, Lessor
reserves the right to lease Lessor's Property, and any portion thereof, to any
person or entity, and Lessor shall have the right to retain all amounts received
therefrom. Lessee agrees that it shall cooperate with Lessor and Lessor's other
tenants in the use of Lessor's Property.

          (b)  In the event Lessor, in its sole and absolute discretion,
determines that Lessor's Property has an immediate shortage of required space
for future tenants, Lessor shall have the exclusive right to cause the
Facilities to be made available to such future tenants ("Multiple Use");
provided that in the event Lessor shall cause the Multiple Use to occur (i)
Lessee shall not be required to incur any cost or expense associated with the
Multiple Use, and (ii) the Multiple Use shall be compatible with and not
unreasonably interfere with Lessee's use of the Tower pursuant to this
Agreement.

     7.6  LESSEE'S COOPERATION. In the event it is necessary for Lessee to
reduce, limit or cease its use of its Facilities or the Leased Premises so that
Lessor, or any other tenant of Lessor may install, maintain, repair, remove or
otherwise work upon their facilities in compliance with then current OSHA, FCC
and ANSI standards, including such standards relating to radio frequency
radiation, or such other and further health and safety standards imposed by any
federal, state or local authority, Lessee agrees to cooperate with the party
seeking to conduct said installation, maintenance, repairs, removal or work and
temporarily reduce, limit or cease its use of its Facilities or the Leased
Premises; provided said party takes all reasonable steps to minimize the amount
of time Lessee shall so operate and said party shall take all reasonable steps
to schedule such installation, maintenance, repairs, removal or work at a time
convenient to Lessee. Notwithstanding the foregoing, Lessee shall not be
entitled to any abatement in rent or any other amount, fees or damages for its
compliance with this Section.

                                  ARTICLE VIII

                                 RIGHT OF ENTRY

     8.1  ACCESS. Lessee shall have reasonable access to the Leased Space;
provided access to the Leased Space shall be regulated pursuant to the rules and
regulations described in Section 23.5 and access to Tower may be limited based
upon the reasonable discretion of Lessor.

     8.2  AUTHORIZED PERSONNEL. All persons, contractors and/or engineers
installing, maintaining, repairing, removing or otherwise working on the
Facilities shall be approved in advance by Lessor, which approval shall not be
unreasonably withheld. A list ("Authorized Entry List") of those persons,
contractors and/or engineers approved by Lessor shall be maintained by Lessor.
Prior to the Commencement Date, Lessee will submit to Lessor a proposed
"Authorized Entry List". Lessor may request additional information from Lessee
before granting its approval, which approval may not be unreasonably withheld.
Lessee will promptly give notice to Lessor, both orally and in writing, of the
name of any person who ceases to be one of Lessee's employees or agents or whom
Lessee wishes to remove from the "Authorized Entry List".

     8.3  QUALIFIED PERSONNEL. Lessee represents and warrants that on the date
hereof and each and every date prior to the last act to be performed by Lessee
pursuant to this Agreement, including Section 9.2 hereof, Lessee's Employees and
any other person(s) installing, maintaining, repairing, removing or otherwise
working on the Facilities or otherwise on Lessor's Property at the request or
direction of Lessee shall be a technician qualified to perform said duties and
have been trained in compliance with then current OSHA, FCC and ANSI standards,
including such standards relating to radio frequency radiation.

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                                                  WYLL Agreement prepared by TDM
                                                                    Page 6 of 15

                                   ARTICLE IX

                       PROTECTION OF SERVICE AND PROPERTY

      9.1   CONTINUITY OF USE.  The continuity of the use and services of the
Tower by Lessor and other tenants of Lessor is of paramount importance. Lessee
and Lessee's employees will at all times exercise the highest degree of care to
prevent damages to the Lessor's Property and to all other real and personal
property of Lessor, its customers and other tenants of Lessor's Property.
Lessee and Lessee's Employees will perform any work and use the Facilities in a
manner that will protect all other persons, structures, equipment, utilities,
and/or work areas of any kind against injury, damage or interruption of
service. Lessee and Lessee's Employees will not use any Facilities, equipment,
tools or methods which, in the sole judgment of Lessor, might endanger or
interfere with the services of Lessor, its customers or other tenants of
Lessor's Property. Lessor reserves the right to take any action needed to cease
or prevent any harm to the personnel, property and/or services of Lessor or its
customers or any other tenants of Lessor's Property.

      9.2   LESSEE'S OBLIGATION TO RESTORE.  Notwithstanding anything in this
Agreement to the contrary, if in the performance of any work, act or operation,
Lessee or Lessee's Employees disturb the property, equipment, broadcast pattern
or services of Lessor, its customers, or other tenants of Lessor's property,
including, without limitation, such action as would require, pursuant to the
FCC, Lessor, its customers, or other tenants of Lessor's Property to perform a
partial or full proof of performance of their broadcast pattern, Lessee will
restore such property, equipment or broadcast pattern to its former condition
including, without limitation, conducting and performing such partial or full
proof of performance as may be required by the FCC, all at Lessee's expense. If
Lessee does not promptly restore to its former condition any property,
equipment or broadcasting pattern that was disturbed by Lessee or Lessee's
Employees, Lessor may restore such property to its former condition at Lessee's
sole expense; and the amount expended by Lessor pursuant to this Section 9.2
shall be deemed reasonably incurred and immediately due and shall be repaid by
Lessee, together with interest at the rate of 18 percent per annum, upon
demand of Lessor. Notwithstanding any provision in this Agreement to the
contrary, the provision of this Section 9.2 shall survive the termination of
the Agreement for 3 months.

      9.3   INTERFERENCE

            (a)   Lessee shall conduct its communications system activities in
accordance with all FCC regulations and sound engineering practices and shall
cooperate to the fullest extent with other tenants and Lessor so as to
anticipate and prevent any interference with any and all tenants installed
prior to the installation of the Facilities of Lessee or any alteration
thereto. In the event the use of Lessee's Facilities results in interference
with, or signal diminution of any equipment of any tenant installed prior to
the installation of the Facilities of Lessee or any alteration thereto and the
equipment receiving such interference is operating in accordance with
manufacturer's specifications, good engineering practice and the rules of the
FCC, Lessee shall, upon notice from Lessor, take all necessary steps to correct
and eliminate the interference and/or signal diminution within a reasonable
length of time, but in no event more than twenty-four (24) hours after having
been given such notice by Lessor, unless otherwise agreed to in writing. If the
interference and/or signal diminution is not eliminated within such twenty-four
(24) hour period, Lessee shall reduce power to a level resulting in the
cessation of such interference, or if that is unavailing, shall cease using the
Facility causing the interference and/or signal diminution, except for tests of
short duration under terms acceptable to Lessor in order to eliminate the
problem, and Lessee will not resume operation using full power of such
equipment until the problem is eliminated. Failure of Lessee to comply with the
terms of this Section 9.3(a) shall constitute a material breach of this
Agreement.

            (b)   Lessee shall comply with any conditions which the FCC and/or
any other governmental authority may impose with respect to the installation
and/or operation of Lessee's Facilities which Lessee may install on/or adjacent
to the Tower and Equipment Space pursuant to this Agreement, and shall pay for
all legal, engineering and other expenses incident thereto.

            (c)   Lessor will neither make nor allow changes or installations
to be made on the Tower which will impair or interfere in any way with Lessee's
signals or broadcast operations. In the event such interference to Lessee's
signals or operations does occur, Lessor shall be so notified and shall take
immediate steps to correct such interference; provided nothing herein shall
require Lessor to correct or require to correct any interference caused by the
facilities of the Lessor, or any other tenant on the tower prior to the
installation of Lessee's Facilities or such matter which pre-dated the
installation of Lessee's Facilities, unless such interference is caused by a
defect or malfunction in the facilities or the operation thereof is not in
accordance with FCC authorizations. Failure of Lessor to comply with the terms
of this Section 9.3(c) within thirty (30) days of notice, shall constitute a
material breach of this Agreement.

            (d)   Lessee shall also bear the full cost of purchase and
installation of any necessary filter devices as may be necessary to reduce
intermodulation products caused by the co-location of the Lessee's, and other
pre-existing tenant's facilities and which are attributable to Lessee's
Facilities.

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                                                  WYLL Agreement prepared by TDM
                                                                    Page 7 of 15

                (e) Lessor shall require in all future agreements to lease space
on the Tower, provisions  substantially similar to those contained in Article IX
hereof. Notwithstanding the foregoing, any costs, fees or expenses, including,
without limitation, attorneys fees and a reasonable fee for any time expended by
Lessor's engineers, incurred by Lessor in enforcing said provisions due to (i)
interference caused by Lessee's Facilities or their operation or (ii) at the
request or demand of Lessee, shall be paid by Lessee within ten (10) days after
its receipt of written notice of said amounts; provided Lessor shall assign its
rights to collect said amounts from the interfering party if different from
Lessee.

        9.4 QUIET ENJOYMENT. Except as otherwise set forth in this Agreement,
Lessor shall not alter, make adjustments to, relocate or otherwise modify or
tamper with Lessee's Facilities.

                                   ARTICLE X

                                   INSPECTION

        10.1 WORK IN PROGRESS. Lessor, its employees and agents may inspect and
observe any work while in progress or after completion to ascertain whether the
work is in accordance with the specifications and requirements of this
Agreement. Lessor may require Lessee to correct any faulty work. However,
inspection or observation by Lessor or by its agents of work performed by
Lessee or Lessee's Employees will not relieve Lessee of full responsibility for
the proper performance of the work.

        10.2 TIME. Lessor, its agent and its designees (including without
limitation building inspectors, fire marshals, and other officials) may inspect
the Leased Space and the Facilities at any time. At Lessee's request, Lessee's
Employees on the Authorized Entry List may accompany Lessor during such
inspections except when, in the sole judgment of Lessor, safety or service
considerations require otherwise.

                                   ARTICLE XI

                                    UTILITIES

        11.1 LESSEE RESPONSIBILITY. Lessee shall be responsible, at Lessee's
sole cost, for obtaining, using and paying for all utility services to the
Leased Premises for Lessee's use including, without limitation, electricity, air
conditioning, heat, water, sewer, telephone, waste disposal and gas
(collectively referred to herein as "Utilities"). Lessor may, in its sole and
absolute discretion, provide said services to Lessee at Lessor's actual cost in
which event Lessee's use shall be separately metered and paid by Lessee to
Lessor within ten (10) days of Lessee's receipt of an invoice indicating the
amount due.

        11.2 INTERRUPTION. Under no circumstances shall Lessor be liable for any
interruption or failure in the supply of any Utilities to the Leased Space, nor
shall Lessee have any right to an abatement in rent or offset to rent in the
event of any interruption or failure in the supply of any Utilities to the
Leased Space.

                                   ARTICLE XII

                             OWNERSHIP OF FACILITIES

        12.1 RISK OF LOSS. Except as otherwise provided in this Agreement, all
Facilities shall be owned by Lessee, and Lessee shall bear all risk of loss
and/or damage to the Facilities.

        12.2 OWNERSHIP. Any and all Facilities on Lessor's Property, except
utility service and any building or structure installed by Lessee (which, at the
expiration of the term of this Agreement, shall, at the sole election and
discretion of Lessor, be the property of Lessor), shall remain the personal
property of Lessee notwithstanding the fact that it may be affixed or attached
to the realty or Lessor's Property, and shall, subject to all terms and
conditions of this Agreement, during the Agreement, any extension thereof or
upon the termination thereof belong to and be removable by Lessee. All other
machinery, equipment, buildings, structures and trade fixtures attached to
Lessor's Property, shall, upon termination of this agreement, be deemed fixtures
and, at the sole election of Lessor, become the property of Lessor.

<PAGE>   9
                                                  WYLL Agreement prepared by TDM
                                                                    Page 8 of 15

                                  ARTICLE XIII

                             MAINTENANCE AND REPAIR

     13.1 FACILITIES. Lessee will, at its own risk and expense, maintain and
repair, including replacement if necessary (collectively referred to as
"Maintenance"), the Antenna, Equipment, cabinets, cabling, buildings,
structures and any other items or things placed on Lessor's Property by Lessee
pursuant to this Agreement. All Maintenance shall be performed in a manner
suitable to Lessor so as not to conflict with the use of Lessor's Property by
Lessor, or any other tenant of Lessor. All Maintenance shall be provided by
qualified technicians, authorized to enter Lessor's Property pursuant to
Section 7.2.

     13.2 ADDITIONAL REMEDY. In the event Lessee shall fail to make the
Maintenance required by Section 13.1 hereof within ten (10) days written notice
by Lessor (or, if required, such longer period of time if Lessee notifies
Lessor that such maintenance has commenced within ten (10) days and Lessee
diligently attempts to complete such Maintenance) or shall fail to perform any
of its duties pursuant to Article IX hereafter within 24 hours after notice
from Lessor, Lessor shall have the right to make such Maintenance or to perform
such duty for the account of Lessee, and any expense, charge or cost incurred
by Lessor shall be paid by Lessee to Lessor within ten (10) business days of
its receipt of invoice from Lessor. This Section 13.2 shall be construed as an
additional remedy granted to Lessor and not in limitation of any other rights
and remedies which Lessor has or may have in such circumstances.

     13.3 LESSOR'S PROPERTY. Except as otherwise provided herein and repairs
occasioned by the negligence of the Lessee or Lessee's Employees or
representatives, Lessee shall not be responsible for repairs and or maintenance
of Lessor's Property. Without limiting the forgoing, the parties agree that
Lessor shall be responsible for maintaining the Tower maintenance in accordance
with the requirements of the FCC and the Federal Aviation Administration. SALEM
MEDIA CORPORATION (WYLL-FM) ("LESSEE"), shall be responsible for monitoring,
logging, and reporting the tower light conditions as required by the FCC and
the Federal Aviation Administration.

                                  ARTICLE XIV

                                 NO ALTERATIONS

Except as specifically set forth in this Agreement, Lessee may not make any
alterations, additions and/or improvements to any part of the Lessor's
Property, the Leased Space, the Antenna, Equipment, and/or Cabling without the
prior written consent of the Lessor, which consent shall be given in Lessor's
sole discretion and election.

                                   ARTICLE XV

               REPRESENTATIONS, WARRANTIES AND OTHER OBLIGATIONS

     15.1 LESSOR'S REPRESENTATIONS AND WARRANTIES. Lessor represents and
warrants that:

          (a) The execution, delivery and performance of this Agreement, and
the consummation of the transactions contemplated hereby, have been duly and
validly authorized by all necessary actions on the part of Lessor and shall not
constitute a breach or violation under any agreement to which Lessor is a party.

          (b) To the best of Lessor's knowledge, there are no violations of any
federal, state, county or municipal law, ordinance, order, regulations or
requirement with respect to the Leased Space, and as of the date of this
Agreement, no notice of any kind relating thereto (which would adversely affect
the transactions contemplated by this Agreement) has been issued by public
authorities having jurisdiction over the Leased Space.

          (c) There is no action, suit or proceeding pending or, to Lessor's
knowledge, threatened against or affecting the Leased Space or any portion
thereof and Lessor has not received notice, written or otherwise, of any
litigation affecting or concerning the Leased Space relating to or arising out
of its ownership, management, use or operation.

          (d) Lessor's Property is and will remain in material compliance at all
times during the Initial Term and any Extension Term with all federal, state,
county, municipal, local, administrative and other governmental laws, statutes,
ordinances, codes, rules, regulations and orders pertaining thereto, including,
without limitation, to the extent applicable, all zoning laws and building
codes, all environmental laws and all regulations of the FAA and the FCC.

     15.2 LESSEE'S REPRESENTATIONS AND WARRANTIES. Lessee represents and
warrants that:

          (a) The Facilities and the operation thereof do not and will not
result in exposure of workers or the general public to levels of radio
frequency radiation in excess of the "Radio Frequency Protection Guidelines"
recommended in "American National Standard Safety Levels With Respect to Human
Exposure to Radio Frequency Electromagnetic Fields, 300 KHz to 100 GHz," issued
by the American National Standards Institute ("Acceptable Radio Frequency
Radiation Standards") and the guidelines set forth in the FCC OET Bulletin 65
Edition 97-01.
<PAGE>   10
                                                  WYLL Agreement prepared by TDM
                                                                    Page 9 of 15

          (b)  The execution, delivery and performance of this Agreement, and
the consummation of the transactions contemplated hereby, have been duly and
validly authorized by all necessary actions on the part of Lessee and shall not
constitute a breach or violation under any agreement to which Lessee is a
party. This Agreement constitutes a valid and binding agreement and obligation
of Lessee, enforceable in accordance with its terms.

          (c) Lessee will conduct its activities on Lessor's Property in
compliance with all applicable laws, including, without limitation, all OSHA,
FCC, and FAA rules and regulations, environmental laws, and any rule or law
applicable to the construction or operation of Lessee's Facilities.

          (d) The Leased Space is and will remain in material compliance at all
times during the Terms and any Extension Term with all federal, state, county,
municipal, local, administrative and other governmental laws, statutes,
ordinances, codes, rules, regulations and orders pertaining thereto, including,
without limitation, to the extent applicable, all zoning laws and building
codes and all regulations of the FAA and the FCC.

          (e) No agent, broker or other person, entity or firm acting on behalf
of or under the authority of Lessee or any affiliate of Lessee is or will be
entitled to any broker's or finder's fee or any other commission or similar
fee, directly or indirectly, in connection with the transactions contemplated
by this Agreement.

                                  ARTICLE XVI

                               EVENTS OF DEFAULT

     16.1 DEFAULT OF LESSEE. Any of the following events shall constitute an
"event of default" on the part of Lessee:

          (a) The failure of Lessee to pay any amount due hereunder, and
continuation of such failure for more than five (5) days after Lessee's receipt
of written notice thereof from Lessor; provided however that Lessor shall not
be required to provide such written notice to Lessee more than twice in any
twelve (12) month period prior to declaring such failure to pay an event of
default; or

          (b) The failure of Lessee to comply with the provisions of Article IX
hereof.

          (c) The failure of Lessee to fulfill any other obligation hereunder
or the inaccuracy of any representation or warranty and the continuation of
such failure or inaccuracy for more than ten (10) days after notice by Lessor,
provided, however, that if the nature of Lessee's failure is such that more
than ten (10) days is required for its cure, then Lessee shall not be deemed to
be in default if Lessee has commenced such cure within the ten (10) day period,
demonstrates to Lessor's reasonable satisfaction that such default is curable
and thereafter diligently prosecutes such cure to completion.

     16.2 TERMINATION OF DEFAULT BY LESSEE. If an event of default on the part
of Lessee shall occur at any time, Lessor, at its election, may give Lessee a
notice of termination specifying a day not less than thirty (30) days thereafter
on which the term of this Agreement shall end. If such notice is given, the
Agreement shall expire on the day so specified as fully and completely as if
that day were the day herein originally fixed for such expiration, and Lessee
shall then quit and surrender the Leased Space to Lessor. If the Agreement is
terminated pursuant to this Section, Lessee shall remain liable to Lessor for
the payment of rent for the remainder of the lease term and without prejudice to
any other right or remedy which Lessor may have hereunder or by law and which
shall, at the sole election and discretion of Lessor, become immediately due and
payable. Notwithstanding the foregoing, Lessor shall attempt to mitigate any
damages it may suffer as a result of the default of this Agreement by Lessee.
Notwithstanding any waiver of any prior breach or event of default hereunder,
Lessor may re-enter the Leased Space either by reasonable force or otherwise, or
dispossess Lessee, any legal representative of Lessee or other occupant of the
Leased Space by appropriate suit, action or proceeding and remove its effects
and hold the Leased Space as if this Agreement had not been made.
Notwithstanding anything in this Agreement to the contrary, and in addition to
any other remedies Lessor may have, if an event of default shall occur, Lessor,
at its election, may stop providing Utilities to Lessee's Facilities and/or the
Leased Space and Lessee specifically waives any and all claims for damages
against Lessor arising from a loss Utilities to the Leased Space.

     16.3 DEFAULT OF LESSOR. The failure of Lessor to comply with any of its
obligations under the terms of this Agreement, and continuation of such failure
to cure for more than ten (10) days after notice by Lessee, shall constitute a
default on the part of Lessor; provided however that if the nature of Lessor's
default is such that more than ten (10) days is required for its cure, then
Lessor shall not be deemed to be in default if Lessor has commenced such cure
within the ten (10) day period, demonstrates to Lessee's reasonable satisfaction
that such default is curable and thereafter diligently prosecutes such cure to
completion.

<PAGE>   11

                                                  WYLL Agreement prepared by TDM
                                                                   Page 10 of 15

     16.4 TERMINATION OF DEFAULT OF LESSOR. If an event of default on the part
of Lessor shall occur at any time, Lessee, at its election, may give Lessor a
notice of termination specifying a day not less than thirty (30) days thereafter
on which the term of this Agreement shall end. If such notice is given, the
Agreement shall expire on the day so specified as fully and completely as if
that day were the day herein originally fixed for such expiration, and Lessee
shall then quit and surrender the Leased Space to Lessor and have no further
obligation to Lessor hereunder.

                                  ARTICLE XVII

                                   INSURANCE

     17.1 LESSEE'S INSURANCE. Lessee shall, at its sole expense, maintain
commercial public liability insurance against claims for personal injury, bodily
injury, wrongful death and property damage occurring on, in or about Lessor's
Property under policies and with companies reasonably acceptable to Lessor,
affording insurance protection to limits of not less than Three Million Dollars
($3,000,000.00) for combined single limit with respect to any one occurrence and
Five Million Dollars ($5,000,000.00) in the aggregate for all occurrences within
each policy year. Lessee shall also maintain "all risk" or special form policies
of property insurance covering the Facilities and any improvements of Lessee
located on the Lessor's Property for the full replacement cost. Lessor, its
managing agent, all mortgagees, and such other parties as Lessor may reasonably
designate shall be named as additional insureds on each such policy pertaining
to Lessor's Property and shall be furnished with a certificate thereof. Each
such policy of insurance shall, to the extent obtainable at no extra premium,
provide: (a) that any claim shall be payable notwithstanding any act, whether of
commission or omission, negligent or otherwise, of Lessor, of Lessee, of any
other tenant or of any agent, employee, representative, visitor or guest of any
of them, which act might otherwise result in the forfeiture of the insurance
afforded by such policy, and (b) that Lessor shall not be liable to the insurer
by reason of any payment by the insurer to Lessor, or any such other tenant. In
addition, each such policy shall provide an agreement by the insurer that the
policy will not be canceled or modified to reduce coverage as to risk, amount or
named insured without at least fifteen (15) days' prior written notice to
Lessee, Lessor, mortgagees, and all other named insureds.

     17.2 WAIVER. Neither Lessor, nor their representatives, agents, or
employees shall be liable to Lessee or to anyone claiming through Lessee or to
any insurance company (by way of subrogation or otherwise) insuring Lessee for
any business interruption or for any loss or damage to any building, structure
or other tangible property, or injury to or death of persons occurring on or
about Lessor's Property, or in any manner growing out of or connected with
Lessee's use or occupation of the Lessor's Property, or the use or occupation of
the Lessor's Property by Lessee's agents, employees, representatives, visitors
or guests even though such business interruption, loss, damage, injury or death
might have been occasioned by the negligence of Lessor or their agents or
employees, to the extent that such business interruption, loss, damage, injury
or death is or could be covered by an "all risk" or special form policy of
property insurance, regardless of whether such insurance policies are actually
carried. Each insurance policy carried by Lessee hereto shall contain a clause
incorporating such waiver of subrogation and a clause to the effect that the
foregoing waiver shall not affect the right of the insured party to recover
under such policy.

     17.3 LESSEE'S OBLIGATION TO REIMBURSE. Should Lessee store or maintain any
materials or equipment, or do any acts which result in an increase in the rate
or premium of any insurance coverage required to be provided by Lessor pursuant
to this Agreement, Lessee shall immediately reimburse Lessor for the full amount
of any such increase or shall remove them if Lessor so requires.

                                 ARTICLE XVIII

                                INDEMNIFICATION

     18.1 INDEMNIFICATION BY LESSEE. Lessee shall indemnify Lessor and its
agents, officers and employees and hold Lessor and its agents, officers and
employees harmless from and against all claims, actions, losses, damages,
liabilities and expense (including reasonable attorneys' fees) incurred by or
asserted against Lessor, whether during or after the term of this Agreement,
including by reason of personal injury, loss of life, or damage to property,
caused by or resulting from, in whole or any material part: (i) any breach of
this Agreement by Lessee; (ii) Lessee's breach of any warranty contained in this
Agreement; (iii) any negligent or intentional act or omission of Lessee,
Lessee's Employees, agents, invitees or contractors, whether in, on, about or
with respect to the Leased Space or Lessor's Property; (iv) the use by Lessee of
any part of the Leased Space or Lessor's Property; (v) any work undertaken by or
at the request of Lessee on or about the Leased Space; (vi) any inspection,
observation or any action undertaken by Lessor pursuant to Article IX hereof;
(vii) the claim, existence or discovery of any hazardous substance on Lessor's
Property arising from Lessee's activities; (vii) any other activity undertaken
by or at the request of Lessee pursuant to or in connection with this Agreement;
or (ix) the presence of any individuals on the Leased Space or Lessor's Property
as a result of Lessee's request or this Agreement.

     18.2 DEFENSE BY LESSEE. If Lessor so elects by notice to Lessee, Lessee
shall have the obligation of defending, at its sole cost and expense, by counsel
selected by Lessee and approved by Lessor (such approval not to be unreasonably
withheld), against any claim to which the foregoing indemnity may apply. Lessor
may assume, or require that such defense be assumed, by Lessor and counsel
selected by Lessor, at the cost and expense of Lessee if Lessor is for any
reason dissatisfied with the defense by Lessee, or believes that its interests
would be better served thereby. In any case where Lessee is defending any such
claim, Lessor may participate in the defense thereof by

<PAGE>   12
                                                  WYLL Agreement prepared by TDM
                                                                   Page 11 of 15

counsel selected by it, but at Lessor's expense. Lessee shall not enter into
any settlement of any claim without the consent of Lessor, which consent shall
not be unreasonably withheld.

        18.3 INDEMNIFICATION BY LESSOR. Lessor shall indemnify Lessee and hold
Lessee harmless from and against all claims, actions, losses, damages,
liabilities and expenses (including reasonable attorneys' fees) incurred by or
asserted against Lessee, whether during or after the term of this Agreement,
including by reason of personal injury, loss of life, or damage to property,
caused by or resulting from in whole or any material part, (i) any breach of
this Agreement by Lessor, (ii) Lessor's breach of any warranty contained in
this Agreement, and (iii) any willfully negligent act or omission of Lessor,
its employees, agents, invitees or contractors, whether in, on, about or with
respect to the Leased Space or Lessor's Property; provided, however, that
Lessor shall not be required to indemnify Lessee for any damages, injury, loss
or expense arising out of Lessee's or its agents', employees', invitees' or
contractors' negligent acts or omissions.

        18.4 DEFENSE BY LESSOR. If Lessee so elects by notice to Lessor, Lessor
shall have the obligation of defending, at its sole cost and expense, by
counsel selected by Lessor and approved by Lessee (such approval not to be
unreasonably withheld), against any claim to which the foregoing indemnity may
apply. Lessee may assume, or require that such defense be assumed, by Lessee
and counsel selected by Lessee, at the cost and expense of Lessor if Lessee is
for any reason dissatisfied with the defense by Lessor, or believes that its
interests would be better served thereby. In any case where Lessor is defending
any such claim, Lessee may participate in the defense thereof by counsel
selected by it, but at Lessee's expense. Lessor shall not enter into any
settlement of any claim without the consent of Lessee, which consent shall not
be unreasonably withheld.

                                  ARTICLE XIX

                       RECONSTRUCTION OF DAMAGED PREMISES

        19.1 REPAIR. Except as otherwise provided in this Agreement, if
Lessor's Property, or any portion thereof, is partially or totally destroyed by
fire or other casualty so as to become partially or totally unusable, Lessor
may repair or reconstruct the damage to Lessor's Property to the extent and in
the manner required to meet the then current needs of Lessor.

        19.2 RENT ABATEMENT. This Agreement will remain in full force and
effect pending repair or replacement of the damaged or destroyed premises, but
the obligation of Lessee to pay the Monthly Rent will be abated during any
period in excess of five (5) business days that due to damage to or destruction
of the Lessor's Property (other than by the fault of Lessee) the Leased Space
is not capable of being used for Lessee's purposes as set forth herein. The
monthly installments will resume when the Leased Space is again capable of
being used for such purpose, irrespective of whether Lessee has resumed its use
of the Leased Space.

        19.3 ELECTION NOT TO REPAIR. Notwithstanding anything to the contrary
in Sections 19.1 and 19.2, Lessor may, at its sole and absolute discretion,
elect not to repair or rebuild Lessor's Property, or any portion thereof.
Lessor will promptly notify Lessee within forty-five (45) days of the event
causing the damage or destruction, if such option is elected. If Lessee did not
in any way cause the fire or other casualty and if either (i) Lessor has
elected not to rebuild or repair Lessor's Property or (ii) reconstruction has
not commenced within one hundred eighty (180) days after the fire or other
casualty, Lessee may, by written notice to Lessor, terminate this Agreement
provided said notice is received by Lessor on or before two hundred twenty five
(225) days after the fire or other casualty and before the reconstruction has
commenced.

                                   ARTICLE XX

                                 FORCE MAJEURE

        20.1 FORCE MAJEURE. Except for Lessee's obligation to pay Rent, and
except as set forth in Article XIX above, neither party shall be held liable for
any delay or failure in performance of any part of this Agreement from any cause
beyond its control and without its fault or negligence, such as acts of God,
acts of civil or military authority, government regulations, strikes, labor
disputes, embargoes, epidemics, war, terrorist acts, riots, insurrections, fire,
explosions, earthquakes, nuclear accidents, floods, power blackouts or brownouts
or surges, volcanic action, other major environmental disturbances, unusually
severe weather conditions, inability to secure products or services of other
persons or transportation facilities, or act or omissions of transportation
common carriers (collectively referred to as "Force Majeure Conditions").

        20.2 TERMINATION BY FORCE MAJEURE. If any such Force Majeure Condition
occurs and is the proximate cause of a delay or failure in performance of any
part of a party's obligations under this Agreement for more than ninety (90)
days, the other party may, by written notice given to the party whose
performance was delayed or who failed to perform, terminate this Agreement or
that part of this Agreement that is affected by such delay or failure to
perform.
<PAGE>   13
                                                  WYLL Agreement prepared by TDM
                                                                   Page 12 of 15

                                  ARTICLE XXI

                                     SAFETY

      21.1  FACILITIES. Lessee is responsible for the safety of all Facilities,
buildings, structures and other materials brought by Lessee onto Lessor's
Property, and for the safety of all work performed by Lessee's Employees in the
delivery, provision, installation, operation, maintenance, repair and removal
of the Facilities, buildings, structures and any other material brought by
Lessee onto Lessor's Property. In discharging this responsibility, Lessee shall
comply (and shall cause Lessee's Employees to comply) with the requirements of
the Occupational Safety and Health Act of 1970, as amended; and with any other
federal, state, or local act or other requirements of law affecting safety and
health.

      21.2  VIOLATIONS. Lessee shall be responsible for any violation by Lessee
or Lessee's Employees of any safety or health standard under this Agreement. If
any material furnished or any work performed by Lessee or Lessee's Employees
gives rise to a safety or health violation, Lessee will immediately remedy such
condition and will indemnify, defend, and hold Lessor its employees, agents,
officers, representatives, affiliates, parent, subsidiaries and their affiliated
companies, and their employees, agents, officers and representatives) harmless
from any penalty, fine, or liability in connection with such a violation.

                                  ARTICLE XXII

                          PERMITS, LICENSES, APPROVALS

      22.1  FCC PERMITS. Lessee will apply for and obtain, at its sole cost and
expense, FCC construction permits applicable to the installation of the
Facilities, and will meet all FCC license and other requirements and
restrictions. The FCC construction permit(s) must be approved before any
construction or installation activity begins. A completed copy of Lessee's FCC
application and License will be supplied to Lessor prior to and included with
the executed agreement.

      22.2  FAA APPROVAL. Lessee will notify the FAA of any Tower modifications
and Antenna installations, that may be required by Lessee, and will use
reasonable efforts to obtain any FAA-required permits, license, or approvals
associated with Lessee's Facilities. Lessee will pay for all costs and expenses
it incurs in obtaining or attempting to obtain any permits, license, or
approvals.

      22.3  OTHER PERMITS OR LICENSE. Lessee shall apply for and obtain, at its
sole cost and expense, any and all License, permits, variances or other
governmental approvals required to install, operate and maintain its Facilities
in the Leased Space; provided that Lessee shall not submit any such
applications without the prior written consent of Lessor, which consent shall
not be unreasonably withheld.

                                 ARTICLE XXIII

                            MISCELLANEOUS PROVISIONS

      23.1  SEVERABILITY. If any one or more of the provisions contained in
this Agreement is, for any reason, held to be unenforceable in any respect under
applicable state law or laws of the United States of America, such
unenforceability will not affect any other provisions of this Agreement, but
this Agreement will then be construed in such a way as will achieve the intent
of such unenforceable provision or provisions to the extent permitted by law.

      23.2  ASSIGNMENT BY LESSOR. Notwithstanding any of the provisions of this
Agreement, Lessor may assign, in whole or in part, Lessor's interest in this
Agreement. In the event Lessor assigns this Agreement to a successor owner of
the Leased Space, Lessor shall be and is hereby relieved of all liability
arising after the consummation of such assignment under any and all covenants
and obligations contained in or derived from this Agreement or arising out of
any act, occurrence or omission relating to the Leased Space occurring after
the consummation of such assignment, but only upon the condition that, as part
of such Assignment, Lessor will cause the Assignee to agree, in writing, to
carry out any and all of the covenants and obligations of Lessor under this
Agreement occurring after the consummation of Lessor's assignment of its
interest in and to this Agreement. In the event of any assignment of Lessor's
interest in this Agreement to a Lender, as hereinafter defined, or a designee
of a Lender, (i) the assignee shall have no obligation to Lessee hereunder
other than, provided Lessee is not in default hereof, the obligation of quiet
enjoyment, (ii) all amounts required to be paid to Lessor hereunder from Lessee
shall be paid to the assignee, and (iii) Lessee shall not assert against such
assignee any claims, defenses, setoffs of counterclaims that it might have had
against Lessor.

      23.3  ASSIGNMENT BY LESSEE. Lessee may not assign this Agreement without
the prior written consent of Lessor which consent shall not unreasonably be
withheld. Lessee may not sublet this Agreement, the Leased Space, or any portion
thereof without the prior written consent of Lessor, which consent shall be
given or withheld in Lessor's sole and absolute discretion. Under no
circumstance shall this Agreement be assigned by Lessee to any party which does
not agree in writing to be bound by all terms and conditions contained herein
and,

<PAGE>   14
                                                  WYLL Agreement prepared by TDM
                                                                   Page 13 of 15

notwithstanding Lessee's assignment of this Agreement, Lessee shall remain
liable for all obligations of Lessee pursuant to this Agreement until such time
as this Agreement is terminated.

      23.4  CONDEMNATION.  In the event Lessor's Property or any portion
thereof is taken pursuant to a condemnation proceeding or by eminent domain,
such that Lessor, or Lessee can no longer operate telecommunications equipment
on Lessor's property, this Agreement shall, at Lessor's sole and absolute
discretion, terminate without liability to either party and Lessee shall not be
entitled to any portion of any award arising out of such proceedings.

      23.5  RULES AND REGULATIONS.  From time to time, Lessor shall be entitled
to create and enforce rules and regulations governing the use of Lessor's
Property. Lessee agrees Lessee and Lessee's employees shall abide by said rules
and regulations. Lessor agrees that it shall not create or enforce any
unreasonable rules or regulations which would unduly prejudice Lessee's use of
the Leased Space, or which would prevent reasonable access to the Leased Space
by Lessee, as herein provided.

      23.6  RESTORATION ON TERMINATION.  Upon the termination of the Agreement
for any reason, Lessee will restore the Leased Space to its original condition,
normal wear and tear excepted, at Lessee's sole cost and expense. Any fixtures
including, without limitation, all Antenna, Cabling and Equipment, goods or
other property of Lessee not removed within ten (10) days after any quitting,
vacating or abandonment of the Leased Premises, or upon Lessee's eviction
therefrom, shall be considered abandoned, and Lessor shall have the right,
without notice to Lessee, to sell or otherwise dispose of same without having
to account to Lessee for any part of the proceeds of such sale.

      23.7  NOTICES.  All notices, demands, and requests required or permitted
to be given hereunder shall be in writing and sent certified mail, return
receipt requested.

      To Lessee:
                        SALEM MEDIA CORPORATION (WYLL-FM)
                        25 Northwest Point #400
                        Elk Grove Village, IL 60007
                        Attn:  General Manager
                        847-956-5030

      To Lessor:

                        Sonsinger Broadcasting of Chicago LP
                    c/o Salem Communications Corporation
                        4880 Santa Rosa Road, Suite 300
                        Camarillo, CA 93012
                        Telephone:  (805) 987-0400
                        Attn:  Jonathan L. Block, Esq.

Either party hereto may change the place for notice to it by sending like
written notice to the other party hereto.

      23.8  SUBORDINATION.  Unless a Lender, as hereinafter defined, shall
otherwise elect as provided herein, Lessee's rights under this Agreement shall
be subject and subordinate to the operation and effect of any existing or future
Lien, as hereinafter defined, affecting Lessor's Property and to any extensions,
modifications or amendments of any such mortgage. Lessee's acknowledgment and
agreement of subordination provided for in this Section is self-operative and no
further instrument of subordination shall be required. However, within ten (10)
working days after request, Lessee shall execute a subordination,
non-disturbance and attornment agreement in form satisfactory to Lessor. If a
Lender shall so elect by notice to Lessee or by the recording of a unilateral
declaration of subordination, then this Agreement and Lessee's rights hereunder
shall be superior and prior in right to the lien of which such Lender has the
benefit, with the same force and effect as if this Agreement had been executed,
delivered and recorded prior to the execution, delivery and recording of such
lien, as the case may be, subject, nevertheless, to such conditions as may be
set forth in any such notice of declaration. The term "Lien" means any mortgage,
deed of trust or other security instrument constituting a lien upon all or any
portion of the Lessor's Property. The term "Lender" means a party having the
benefit of the lien, whether as mortgagee, trustee, note holder or otherwise.
Lessor shall make a reasonable effort to obtain from any lender and agreement
that the Lender shall not disturb Lessee's quiet possession in the event of
foreclosure. If any proceedings are brought for foreclosure, or in the event the
exercise of the power of sale under any mortgage or deed of trust made by the
Lessor encumbering the Leased Space, Lessee shall attorn to the purchaser upon
any such foreclosure or sale and recognize such purchaser as the Lessor under
this Agreement.

      23.9  BINDING EFFECT.  The provisions of this Agreement shall apply to,
bind and inure to the benefit of Lessor and Lessee, their respective
successors, legal representatives or assigns.

      23.10 ENTIRE AGREEMENT/MODIFICATIONS.  This Agreement contains the entire
understanding and agreement between the parties. No representative, agent or
employee of Lessor has been authorized to make any representations or promises
with reference to the within agreement or to vary, alter or modify the terms
hereof.  No additions, changes or modifications shall be binding unless reduced
to writing and signed by the parties.

<PAGE>   15
                                                  WYLL Agreement prepared by TDM
                                                                   Page 14 of 15

        23.11 RESOLUTION OF CLAIMS AND DISPUTES. Regardless of the place of
execution, this Agreement shall be deemed to be a contract made in Chicago,
Illinois and shall be interpreted as a contract to be performed wholly in the
State of Illinois. The law of the State of Illinois shall be applied without
regard to the principles of conflicts of laws. Lessee expressly waives any
presumption or rule, if any, which requires this Agreement to be construed
against Lessor. Any claims or disputes arising out of this Agreement shall be
resolved only by mediation or, if mediation does not resolve the claim or
dispute within ten (10) days of notice demanding mediation, by arbitration in
accordance with the Rules for Commercial Arbitration of the American Arbitration
Association and any award therefrom shall be rendered by the arbitrators as a
judgment in any trial court having jurisdiction in the City of Chicago,
Illinois, or of any other court having competent jurisdiction.

        23.12 WAIVER. Failure of any party to complain of any act or omission
on the part of any other party in breach or default of this Agreement, no
matter how long the same may continue, shall not be deemed to be a waiver by
said party of any of its rights hereunder. No waiver by any party at any time,
express or implied, of any breach of any provision of this Agreement shall be
deemed a waiver of a breach of any other provision of this Agreement or a
consent to any subsequent breach of the same or other provisions.

        23.13 ESTOPPEL. Either party shall at any time, upon ten (10) days'
prior written request from the other party, execute, acknowledge and deliver to
the requesting party a statement in writing (a) certifying this Agreement to be
unmodified and in full force and effect (or, if modified, stating the nature of
such modification), and the date to which the rent and other charges have been
paid in advance, if any uncured defaults hereunder on the part of the
requesting party, or specifying such defaults if they are claimed.

        23.14 REASONABLENESS. Except as specifically set forth herein to the
contrary, any approval, consent or permission required to be given hereunder by
any party shall not be unreasonably withheld, delayed or conditioned.

        IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year first above written.

LESSOR:                                 LESSEE:

SONSINGER BROADCASTING COMPANY          SALEM MEDIA CORPORATION (WYLL-FM)
OF CHICAGO, LLP                         25 Northwest Point #400
By Sonsinger Management, Inc.           Elk Grove Village, IL 60007
Its General Partner                     Attn. General Manager

By: /s/ ERIC H. HALVORSON               By:  /s/ ERIC H. HALVORSON
   ----------------------------             ------------------------------------
   Eric H. Halvorson
   Vice President
<PAGE>   16
                                                 WYLLA Agreement prepared by TDM
                                                                   Page 15 of 15

                                   EXHIBIT A

                          COMMENCEMENT DATE AGREEMENT

     This Commencement Date Agreement is entered into on this 30th day of July,
1999 between SALEM MEDIA CORPORATION (WYLL-FM), ("LESSEE"), and SONSINGER
BROADCASTING COMPANY OF CHICAGO, LP. ("LESSOR").

     WHEREAS, Lessor and Lessee entered into a lease dated ____________ (the
"Lease"), setting forth the terms of occupancy and use by Lessee of a certain
tower on Lessor's Property, as defined in the Lease; and

     WHEREAS, the Lease is for a term of five (5) years with the "Commencement
Date" of the term being defined in Section 3.1 of the Lease; and

     WHEREAS, it has been determined in accordance with the provisions of
Section 3.1 of the Lease that August 1, 1999 is the Commencement Date of the
term of the Lease; and

     WHEREAS, the Lease provides that the parties shall execute a confirmation
of the actual Commencement Date of the term thereof, when such date has been
determined.

     NOW, THEREFORE, the parties hereto confirm that the Commencement Date of
the term of the Lease is August 1, 1999.

     This Agreement is executed by the parties for the purpose of providing a
record of the Commencement Date of the term of the Lease and commencement of
rental payments and does not modify, amend or alter any of the terms or
conditions of the Lease.

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

     IN WITNESS WHEREOF, the parties have executed this Commencement Date
Agreement as of the day and year first above written.

LESSOR:                                           LESSEE:

SONSINGER BROADCASTING COMPANY OF CHICAGO, LP     SALEM MEDIA CORPORATION
By Sonsinger Management, Inc.,                    (WYLL-FM),
its General Partner

By: /s/ Eric H. Halvorson                         By: /s/ [signature illegible]
    -------------------------------------             --------------------------
     Eric H. Halvorson                                --------------------------
     Vice President                                   --------------------------

<PAGE>   17

       [DIAGRAM - SONSINGER BROADCASTING OF CHICAGO TOWER, SCHEDULE 5.1]1

                           AGREEMENT OF STOCK EXCHANGE
                           ---------------------------

     THIS  AGREEMENT  OF STOCK EXCHANGE ("Agreement") is made as of this 7th day
of  August  2001,  by  and among Charles Booth Professional Haircare Inc, a New
York  corporation (the "Company"), Charles Booth (''Booth''), the persons listed
as  Stockholders  on  the  signature page hereto (such persons, including Booth,
individually,  a  "Seller"  and collectively, the "Sellers); and Triple S Parts,
Inc.,  a  Nevada  corporation  ("Buyer").

     WHEREAS, the Buyer is authorized to issue 50,000,000 shares of common stock
(the  "Buyer Shares"), par value $.0005 per share, of which 2,806,500 shares are
presently  issued  and  outstanding;  and

     WHEREAS,  on the Closing Date, or within 45 days thereafter, it is expected
that  Buyer  will  have  received  subscriptions  to purchase a total of 500,000
additional  Buyer  Shares  (the  "Subscriptions");  and

     WHEREAS,  on  the  Closing  Date, the Buyer shall issue the number of Buyer
Shares  as  hereinafter  determined in return for all the issued and outstanding
shares  of  common  stock of the Company ("Company Shares") owned by the Sellers
(this  share exchange shall be referred to herein as the "Stock Exchange"), with
the  result  that:  (a)  Sellers  will own 6,289,000 Buyer Shares, or 66% of the
outstanding  Buyer  Shares  (after  giving  effect  to  the sale of Buyer Shares
pursuant  to  the  Subscriptions),  with  the  remaining 34% of the Buyer Shares
(3,306,500)  being owned by the present shareholders of Buyer, purchasers in the
Subscriptions  plus certain other shareholders to whom the Company is obligated;
and

     WHEREAS,  the  Stock  Exchange  shall  be  effected  as a tax-free exchange
pursuant to Section 351 and/or Section 368(a)(1)(B) of the Internal Revenue Code
of  1986,  as  amended  (the  "Code");  and

     WHEREAS,  on  the  Closing Date there shall be no warrants, options, or any
other  rights,  either  authorized  or  outstanding,  which  are  convertible or
exercisable  into  Company Shares or Buyer Shares except as specifically defined
herein.

NOW, THEREFORE, in consideration of the premises, the parties hereto do mutually
agree  as  follows:

          ARTICLE  I

   EXCHANGE  OF  SHARES

1.1          EXCHANGE  OF  COMPANY  SHARES  FOR  BUYER  SHARES.
             -------------------------------------------------

1.1.1  On the Closing Date, Buyer shall issue such number of Buyer Shares to the
Sellers  so  that,  after giving effect to such issuance and the sale of 500,000
Buyer Shares pursuant to the Subscriptions, Sellers will collectively own 66% of
the  issued  and  outstanding  stock  of  Buyer. Based on the representation and
warranties  of  Buyer  hereafter  set forth, it is expected that 6,289,000 Buyer
Shares  will  be  issued to the Sellers. The Buyer Shares shall be issued to the
Sellers  in  the  amounts set forth on Exhibit A. All Buyer Shares, when issued,
shall be fully-paid and non-assessable, and no preemptive rights of stockholders
shall  exist  with  respect  to  such  shares  or  the  issue  or  sale thereof.

1.1.2  On  the  Closing Date, the Sellers shall deliver to Buyer all of the
outstanding  Company  Shares,  duly  endorsed  for transfer or with stock powers
attached.

1.2     OUTSTANDING  BUYER  SHARES.  Each  share of Buyer Common Stock
        --------------------------
which  is issued and outstanding immediately prior to the Closing Date shall, by
virtue  of  this  Agreement,  remain  issued  and  outstanding  thereafter.
1.3     RESTRICTIONS  ON  SHARES.  The  Buyer  Shares being acquired by the
        ------------------------
Sellers  are  being  acquired  for  investment  only  and not with a view to the
further  sale  or  distribution  thereof.  Such  Buyer  Shares  issued hereunder
constitute "restricted securities" as that term is defined under Rule 144 of the
Rules  and  Regulations  promulgated  under  the  Securities  Act  of  1933 (the
"Securities  Act").  The  Buyer  Shares  may  not be sold, assigned or otherwise
disposed  of  unless  registered or otherwise exempt from registration under the
Securities  Act  and  such other state securities laws as may be applicable. The
certificates  representing  such  shares shall contain an appropriate investment
legend.  It  is  understood  that  Sellers  intend  to eventually register their
shares  under  an  applicable  registration filing; however, any such registered
shares  shall  agree  to  a  leak  out  agreement  over  2  years.

         ARTICLE  II

REPRESENTATIONS  AND  WARRANTIES  OF  SELLERS

     Each  Seller, for such Seller but not on behalf of any other Seller, hereby
represents  and  warrants  to  Buyer  as  follows:

2.1     TITLE  OF  COMPANY SHARES. At the time of delivery of the Company Shares
        -------------------------
to  Buyer  hereunder, Sellers will be the lawful owners of the Company Shares in
the  amounts  set  forth  in  Exhibit  A  attached hereto and will have good and
marketable  title  thereto,  and upon delivery as provided hereunder, Buyer will
receive  good and marketable title thereto, free and clear of all liens, pledges
and  encumbrances with no personal liability attaching to the ownership thereof.

2.2     AUTHORITY  TO  EXECUTE  AND  PERFORM AGREEMENTS. Each Seller, which is a
        -----------------------------------------------
corporation  or other type of legal entity, is, and on the Closing Date will be,
a  duly  organized  and  validly  existing corporation (or other entity) in good
standing  under  the laws of its incorporation or organization. Each Seller has,
and  on  the  Closing  Date  will  have,  the full legal right and power and all
authority  and  approval  required  to  enter  into,  execute  and  deliver this
Agreement  and  to perform fully such Seller's respective obligations hereunder,
and  this  Agreement  is  the  valid  and  binding  obligation  of  each  Seller
enforceable  in  accordance  with  its terms, except to the extent that: (a) the
enforceability  hereof may be limited by bankruptcy, insolvency, reorganization,
moratorium  or  other  similar  laws  now  or  hereafter  in  effect relating to
creditors'  rights  and  remedies  generally,  (b)  the  remedies  of  specific
performance and injunctive and other forms of equitable relief may be subject to
equitable defenses and general principles of equity and to the discretion of the
court  before  which  any  proceeding therefor may be brought, and (c) rights to
indemnity  and  contribution  hereunder,  if  any,  may  be limited by state and
federal  laws  or  the  public  policy  underlying  such  laws.

2.3      NO CONFLICT. Neither the execution and delivery of this Agreement,
         -----------
nor  the  consummation  of the transactions contemplated by this Agreement will:
(a)  conflict  with, or result in a breach of, or constitute a default under (i)
in  the case of any entity, its organizational documents; (ii) any instrument or
agreement  to
which  any  Seller  is  a  party,  or by which any Seller is bound; or (iii) any
governmental  decree, order, ruling, writ, permit or license to which any Seller
is  a  party  or by which any Seller may be bound; (b) violate any law, statute,
rule  or  regulation  applicable  to any Seller or the transactions contemplated
hereby;  or (c) require the consent of any governmental or administrative agency
or  any  party  to  any  contract to which any Seller is a party or by which any
Seller  may  be  bound.

2.4     BROKER'S  FEES. None of the Sellers has employed any broker or finder or
        --------------
incurred  any  liability  for any broker's fees, commissions or finder's fees in
connection  with  any  of  the  transactions  contemplated  by  this  Agreement.

2.5     INVESTMENT  INTENT.  Each of the Sellers are acquiring Buyer Shares
        ------------------
for  investment
only  and  not with a view to further distribution and do not have, and will not
have  on  the  Closing  Date,  any  commitment  for  the  sale  of  such shares.

       ARTICLE  III

   REPRESENTATIONS  AND  WARRANTIES  OF  THE  COMPANY

     The  Company  hereby  represents  and  warrants  to  Buyer  as  follows:

3.1     ORGANIZATION.  The  Company  is, and on the Closing Date will be, a
        ------------
duly  organized and validly existing corporation in good standing under the laws
of  the  State  of  New  York.

3.2    CAPITALIZATION.  The  authorized  capital stock of the Company
       --------------
consists  of  200  Company  Shares.
  As  of  the  date  of  this  Agreement,  150  Company  Shares  are  issued and
outstanding  and  no  Company  Shares are held in treasury. There are no Company
Shares  reserved  for  issuance  upon the exercise of outstanding stock options,
warrants or similar rights. All of the outstanding Company Shares have been duly
authorized  and  validly  issued,  are  fully  paid,  non-assessable and free of
preemptive  rights,  and  are  registered  in the names of the Sellers, free and
clear  of  all  actual  liens and encumbrances. There are no, and on the Closing
Date  there  will be no, issued or outstanding subscriptions, options, warrants,
calls,  commitments  or  agreements of any character calling for the purchase or
issuance  of any shares of Company Common Stock, or any other equity security of
the  Company  or  any securities representing the right to purchase or otherwise
receive  any  shares of Company Common Stock or any other equity security of the
Company.

3.3     AGREEMENT:AUTHORITY. The Company has, and on the Closing Date will have,
        -------------------
the  power  and  authority  to  enter  into this Agreement and to consummate the
transactions  contemplated  thereby.  This  Agreement  and  the  transactions
contemplated  hereby have been, or on or prior to the Closing Date will be, duly
approved  by  appropriate  corporate  action  of  the  Company.

3.4     AGREEMENT:  ENFORCEABILITY.  This  Agreement  has  been duly authorized,
        --------------------------
executed  and  delivered  by  the  Company  and  is  a legally valid and binding
agreement of the Company, enforceable against the Company in accordance with its
terms,  except  to the extent that: (a) the enforceability hereof may be limited
by  bankruptcy, insolvency, reorganization, moratorium or other similar laws now
or hereafter in effect relating to creditors' rights and remedies generally, (b)
the remedies of specific performance and injunctive and other forms of equitable
relief may be subject to equitable defenses and general principles of equity and
to  the  discretion  of  the  court  before which any proceeding therefor may be
brought,  and (c) rights to indemnity and contribution hereunder, if any, may be
limited  by  state  and  federal laws of the public policy underlying such laws.

3.5     NO  CONFLICT.  Neither the execution and delivery of this Agreement, nor
        ------------
the  consummation  of  the transactions contemplated by this Agreement will: (a)
conflict  with,  or result in a breach of, or constitute a default under (i) the
Company's  charter  or  bylaws,  (ii)  any  instrument or agreement to which the
Company  is  a party, or by which it is bound; or (iii) any governmental decree,
order,  ruling,  writ,  permit  or license to which the Company is a party or by
which the Company may be bound; (b) violate any law, statute, rule or regulation
applicable  to  the Company or the transactions contemplated hereby; (c) require
the consent of any governmental or administrative agency or any other person not
a  party  hereto;  or  (d)  require  the  consent  of any party to any contract,
agreement  or commitment to which the Company is a party or by which the Company
may  be bound, or result in a default under or an acceleration of any obligation
under  any  such  contract,  agreement  or  commitment.

3.6     SUBSIDIARIES.  The  Company has, and on the Closing Date will have,
        ------------
no  subsidiaries.

3.7     DOING  BUSINESS.  The Company is, and on the Closing Dates will be,
        ---------------
duly  authorized,  qualified  and  licensed  under  any and all applicable laws,
regulations,  ordinances  or  orders  of  public  authorities  to carry on their
respective  businesses in the places and in the manner as presently conducted or
as contemplated in this Agreement, except where the failure to be so authorized,
qualified  or  licensed  would  not  have  a  materially adverse effect upon the
business  of  the  Company.

3.8     FINANCIAL  STATEMENTS.  The  financial  statements  of the Company,
        ---------------------
consisting  of  Balance Sheets as of December 31, 2000, (un-audited) and related
Statement  of  Operations,  Statement of Cash Flows, and Statement of Changes in
Shareholders'  Equity  for  the  years  ended  December  31,  2000, (un-audited)
together  with  the accompanying notes, have been prepared by independent public
accountants. All such financial statements (collectively, the "Company Financial
Statements")  were  prepared  in  conformity  with generally accepted accounting
principles,  have  been  delivered  to  Buyer,  and fairly present the financial
position  and  results  of operations of the Company as of the dates and for the
periods  shown.

3.9      NO  ADVERSE  CHANGE.  Except  as  set forth in Schedule 3.9, since
         -------------------
December  31,  2000,  the  business of the Company has only been operated in the
normal  course.  There has not been, and on the Closing Date there will not have
been, any material adverse change in the financial condition of the Company from
that  set  forth  in  the  Company Financial Statements dated December 31, 2000.

3.10     LIABILITIES.  Except  as  set forth on Schedule 3.10 hereof, there are,
         -----------
and  on  the Closing Date will be, no liabilities (including, but not limited to
tax  liabilities)  or  claims  against  the Company (whether such liabilities or
claims  are  contingent  or absolute, direct or indirect, matured or un-matured)
not  appearing  on  the  Company  Financial  Statements,  other than liabilities
incurred  in  the  ordinary course of business or taxes accrued or incurred with
regard  to earnings since December 31, 2000 or liabilities for expenses incurred
in  connection  with  this  Agreement.

3.11     TAXES.  Except  as set forth on Schedule 3.11 hereof, all federal,
         -----
state,  county and local income, excise, property and other tax returns required
to  be  filed  by  the  Company  have been filed and all required taxes, fees or
assessments  have  been  paid or an adequate reserve therefor has been set up in
the Company Financial Statements. No income tax returns of the Company have ever
been  audited  by  any  authority empowered to do so. There are no agreements or
waivers  in  effect  that provide for an extension of time for the filing of any
tax  returns  by  the  Company or the assessment of any tax against the Company.

3.12     TITLE;  PROPERTY;  REAL  PROPERTY.  The  Company  has,  and on the
         ---------------------------------
Closing  Date  will  have,  all  legal  and  beneficial  ownership of all of its
material  real  property, furniture, fixtures and equipment excluding any leased
real  property, furniture, fixtures and equipment. Such assets (excluding leased
assets)  are  owned  free  and  clear of all security interests, pledges, liens,
restrictions  and encumbrances of every kind and nature, except as stated in the
Company  Financial  Statements. Company does not own any real property. All real
property  under  lease  to  or  otherwise  used by Company is in good condition,
ordinary wear and tear excepted, and is sufficient for the current operations of
Company.  No  such real property, nor the occupancy, maintenance or use thereof,
is  in  violation  of,  or  breach or default under, any contract or law, and no
notice  or  threat  from  any lessor, governmental body or other Person has been
received by Company or served upon any such real property claiming any violation
of,  or breach, default or liability under, any contract or law, or requiring or
calling  attention  to the need for any work, repairs, construction, alteration,
installations  or environmental remediation. Company has not placed or caused to
be placed, and to the best knowledge and belief of Company there were not and/or
are  not,  any  Hazardous  Substances in, on, under or migrating from any of the
real  property  of  Company.  "Hazardous Substances" means any substance, waste,
contaminant, pollutant or material that has been determined by any United States
federal  government authority, or any state or local government authority having
jurisdiction  over  the  Real  Property of Charles Booth, Inc., to be capable of
posing  a  risk  of  injury  or  damage  to  health,  safety,  property  or  the
environment,  including,  but  not  limited  to,  (a)  all  substances,  wastes,
contaminants,  pollutants  and  materials  defined,  designated  or regulated as
hazardous,  dangerous  or toxic pursuant to any Law of any state in which any of
the leased or owned Real Property of Buyer or Company, as applicable, is located
or any United States Law, and (b) asbestos, polychlorinated biphenyls ("PCB's"),
petroleum,  petroleum  products  and  urea  formaldehyde.

3.13     TITLE;  INVENTOR.  The  Company  has, and on the Closing Date will
         ----------------
have,  all  legal  and beneficial ownership of its inventory as set forth in the
Company  Financial  Statements,  except  for (a) inventory sold or leased in the
ordinary  course  of business since the date of the Company Financial Statements
and  (b)  inventory  provided  to  the  Company  by  certain  suppliers  under
arrangements  pursuant  to  which  title does not pass until the amounts owed to
such  suppliers  are paid in full. All of the Company's inventory is saleable in
the  ordinary  course  of  business.

3.14     ACCOUNTS  RECEIVABLE.  The accounts receivable as set forth in the
         --------------------
Company  Financial Statements, except to the extent already collected, represent
amounts  due  for goods sold or services rendered by the Company in the ordinary
course  of business. Except to the extent of any reserve allowed therefor in the
Company  Financial Statements, such accounts receivable, to the knowledge of the
Company,  are  fully  collectible  in  the  ordinary  course  of  business.

3.15     CONTRACTS  AND COMMITMENTS. The Company is not, and on the Closing Date
         --------------------------
will  not be, and to the knowledge of the Company, each such other party to each
of  such  agreements,  contracts  or  commitments  is  not, in default under any
material  agreement, contract or commitment to which the Company is a party, the
result  of  which  breach would have a materially adverse effect on the Company.
True  and  complete  copies  of  all  employment agreements or arrangements with
employees  of  the  Company  have  been  made  available  to  Buyer.

3.16     LITIGATION.Except as disclosed in Schedule 3.16 hereof, there are,
         -----------
and  on  the  Closing  Date there will be, no material claims, actions, suits or
proceedings pending, or to the best knowledge of the Company, threatened against
the  Company.

3.17     COMPENSATION  AND  LOANS.  Except  as  disclosed in Schedule 3.17,
         ------------------------
since  December  31, 2000 there have been, and on the Closing Date there will be
(i)  no  bonuses  or unusual compensation to any of the officers or directors of
the  Company  which  are inconsistent with past practices, (ii) no loans made to
any  of  the  officers  or  directors  of  the  Company,  (iii) except as may be
consistent  with past practices, no dividends or other distributions declared or
paid  by the Company, and (iv) no repurchase by the Company of any of its shares
of  capital  stock.

3.18     ADDITIONAL  ISSUANCES  OF  EQUITY. Except as set forth in Schedule
         ---------------------------------
3.18,  since December 31, 2000 or as otherwise disclosed herein, the Company has
not  issued or committed itself to issue, and to the Closing Date will not issue
or  commit itself to issue, any additional common shares or any options, rights,
warrants or other securities or instruments convertible into or exchangeable for
common  shares,  except  as  disclosed  in  or  contemplated  by this Agreement.

3.19     BROKER'S  FEES.  Except as set forth on Schedule 3.19, neither the
         --------------
Company, nor any of its officers or directors, has employed any broker or finder
or incurred any liability for any broker's fees, commissions or finder's fees in
connection  with  any  of  the  transactions  contemplated  by  this  Agreement.

3.20     INSURANCE.  The  Company  has,  and on the Closing Date will have,
         ---------
coverage  (which to its knowledge is adequate) against accident, damage, injury,
third  party loss (including product liability), loss of profits and other risks
normally  insured by persons carrying on the same business as that carried on by
it.

3.21     PATENTS,  ETC.  Except  as  set  forth  in  Schedule 3.21: (a) the
         -------------
Company  has  the  right  to  use  all patents, patent applications, trademarks,
trademark  registrations,  or  applications  therefor,  tradenames,  copyrights,
copyright  registrations  or  applications  therefor,  specialized knowledge and
trade  secrets hereto (collectively "Company Intellectual Property") which it is
currently  using  in  the manner in which it is currently being used; (b) to the
Company's  knowledge,  neither the Company Intellectual Property nor the current
uses  thereof  by  the  Company is violating or infringing upon any intellectual
property  right  of  any person and no claim to such effect has been made to the
Company;  and  (c)  to  the Company's knowledge, no other person is violating or
infringing  upon  any  of  the  Company  Intellectual  Property.

3.22     BUSINESS  CONDUCT.  The  Company has, and on the Closing Date will
         -----------------
have,  operated  its  business  and conducted its affairs in compliance with all
applicable  laws,  rules  and regulations of the United States, the State of New
York and all jurisdictions in which it now carries on business, except where the
failure  to so comply would not have a materially adverse effect on the Company.

3.23     AFFILIATED  TRANSACTIONS. There are, and on the Closing Date there
         ------------------------
will be, no loans, leases or other contracts or arrangements outstanding between
(i) the Company, on the one hand, and (ii) any stockholder, officer, director or
key  employee of the Company, or any person related to any of them, on the other
hand,  except  as  set  forth  in  Schedule  3.15  or Schedule 3.23 hereto or as
contemplated  by  the  Agreement.

3.24     SANCTIONS.  During  the  past  five-year  period,  no  officer  or
         ---------
director  of the Company, and no person whom Sellers shall appoint as a director
of  Buyer  pursuant  to  Section  5.1  hereof,  has  been  the  subject  of:

3.24.1 a petition for bankruptcy or other relief under United States insolvency
or  creditor's  rights laws, nor has a receiver, fiscal agent or similar officer
been  appointed  by  a court for the business or property of such person, or any
partnership  in which he was a partner at or within two years before the time of
such  filing or appointment, or any corporation or business association of which
he  was  an  executive  officer  at  or within two years before the time of such
filing  or  appointment;

3.24.2  a  conviction  in  a criminal proceeding or a named subject of a pending
criminal  proceeding  (excluding  traffic  violations and other minor offenses);

3.24.3  any  order,  judgment  or  decree,  not subsequently reversed,
suspended  or  vacated,  of  any court of competent jurisdiction, permanently or
temporarily enjoining him from, or otherwise limiting, the following activities:

(i)  Acting  as  a  futures  commission  merchant, introducing broker, commodity
trading  advisor,  commodity  pool  operator, floor broker, leverage transaction
merchant,  any  other  person  regulated  by the United States Commodity Futures
Trading  Commission  or  an  associated person of any of the foregoing, or as an
investment  adviser,  underwriter,  broker  or  dealer  in  securities, or as an
affiliated person, director or employee of any investment company, bank, savings
and  loan  association  or  insurance  company, or engaging in or continuing any
conduct  or  practice  in  connection  with  activity;

(ii)  Engaging  in  any  type  of  business  practice;  or

(iii)  Engaging  in  any activity in connection with the purchase or sale of any
security  or  commodity or in connection with any violation of federal, state or
other  securities  laws  or  commodities  laws.

3.24.4  any order, judgment or decree, not subsequently reversed, suspended
or  vacated,  of  any  federal,  state or local authority barring, suspending or
otherwise  limiting  for more than 60 days the right of such person to engage in
any  activity described in the preceding sub-paragraph, or to be associated with
persons  engaged  in  any  such  activity;

3.24.5  a  finding  by a court of competent jurisdiction in a civil action or by
the  United  States  Securities  and  Exchange  Commission  to have violated any
securities  law,  and  the  judgment  in  such  civil  action or finding by such
Commission  has  not  been  subsequently  reversed,  suspended  or  vacated;  or

3.24.6  a  finding  by a court of competent jurisdiction in a civil action or by
the  Commodity  Futures  Trading  Commission  to  have  violated  any  federal
commodities  law,  and  the  judgment  in  such  civil  action or finding by the
Commodity  Futures  Trading  Commission  has  not  been  subsequently  reversed,
suspended  or  vacated.

3.25     EMPLOYEE  BENEFIT PLANS. Except as set forth in Schedule 3.25, the
         -----------------------
Company  has  no  pension plan, profit sharing or similar employee benefit plan.

3.26     QUESTIONABLE  PAYMENTS.  Neither  the  Company, nor any current or
         ----------------------
former  shareholder,  partner,  director  or  officer  of  it  has  (a) used any
corporate  funds  for  any  illegal contributions, gifts, entertainment or other
unlawful  expenses  relating to political activity; (b) used any corporate funds
for  any  direct  or  indirect  unlawful  payments  to  any  foreign or domestic
government officials or employees; (c) established or maintained any unlawful or
unrecorded  fund  of  corporate  monies  or  other assets; (d) made any false or
fictitious  entries on such corporation's books and records; (e) made any bribe,
rebate,  payoff,  influence  payment,  kickback or other unlawful payment of any
nature using corporate funds or otherwise on behalf of the Company; (f) violated
any  provision  of  the Foreign Corrupt Practices Act of 1977, if applicable; or
(g)  made  any  material  favor or gift that is not deductible for United States
income tax purposes using corporate funds or otherwise on behalf of the Company.

3.27       NON  DILUTION.   No  action  shall  be  taken  by  the Company or its
shareholders  upon
their  assumption  of  control  of  the  Buyer which shall materially dilute the
existing  shareholders  of  Buyer,  except  for  bona-fide employee stock option
plans, for a period of eighteen months from the date the shares are eligible for
trading  on the OTC Bulletin Board including specifically the issuance of shares
under  any form of S-8 Registration without the prior written consent of current
company  management  through  Daniel  Motsinger  and  Jerry  Conka.

3.28      PUBLIC RELATIONS, INVESTOR RELATIONS.  Buyer covenants and agrees
to  retain  Pathfinder  Group as it investor relations and public relations firm
for  a  period of not less than 2 years, or, if the Company is dissatisfied with
Pathfinder  Group  after  its initial contract term of one year, it shall retain
other  suitable investor relations and public relations firm(s) to insure public
information  is  disseminated  about  the  company.

          ARTICLE  IV

                     REPRESENTATIONS AND WARRANTIES OF BUYER

     Buyer  hereby  represents  and  warrants  to the Sellers and the Company as
follows:

4.1     ORGANIZATION.  Buyer  is,  and  on the Closing Date will be, a duly
        ------------
organized  and  validly  existing corporation in good standing under the laws of
the  State  of  Nevada.

4.2     CAPITALIZATION.  The  authorized capital stock of Buyer consists of
        --------------
50,000,000  Buyer  Shares. As of the date of this Agreement, there are 2,806,500
Buyer  Shares  issued  and  outstanding, and no Buyer Shares are held in Buyer's
treasury. On the Closing Date (after giving effect to the Stock Exchange and the
Subscriptions)  there  will be 9,595,500 Buyer Shares issued and outstanding and
no  Buyer  Shares  will  be  held in Buyer's treasury. There are no Buyer Shares
reserved  for  issuance upon the exercise of outstanding stock options, warrants
or  similar  rights.  All  issued  and  outstanding  Buyer Shares have been duly
authorized  and  validly  issued  and are fully paid, non-assessable and free of
preemptive  rights.  There  are  no,  and  on the Closing Date there will be no,
issued  or  outstanding  subscriptions, options, warrants, calls, commitments or
agreements  of  any character calling for the purchase or issuance of any shares
of  Buyer  common  stock or any other equity security of Buyer or any securities
representing  the  right  to  purchase  or otherwise receive any shares of Buyer
common stock or any other equity security of Buyer. All outstanding Buyer Shares
have  been  issued  in  compliance  with applicable Federal and state Securities
Laws.  No  shareholders  of the Company have a right to receive dividends and no
unpaid  dividends  are  due  and owing with regard to the Buyer's capital stock.

4.3     AGREEMENT; AUTHORITY. Buyer has, and on the Closing Date will have,
        --------------------
power  and  authority  to  enter  into  this  Agreement  and  to  consummate the
transactions  contemplated  hereby.  This  Agreement  and  the  transactions
contemplated  hereby have been, or on or prior to the Closing Date, will be duly
approved  by  appropriate  corporate  action  of  Buyer.

4.4    AGREEMENT:  ENFORCEABILITY. This Agreement has been duly authorized,
       --------------------------
executed  and delivered by Buyer and is a legally valid and binding agreement of
Buyer,  enforceable  against  Buyer  in accordance with its terms, except to the
extent  that:  (a)  the  enforceability  hereof  may  be  limited by bankruptcy,
insolvency, reorganization, moratorium or other similar laws now or hereafter in
effect relating to creditors' rights and remedies generally, (b) the remedies of
specific  performance  and injunctive and other forms of equitable relief may be
subject  to  equitable  defenses  and  general  principles  of equity and to the
discretion of the court before which any proceeding therefor may be brought, and
(c)  rights  to  indemnity and contribution hereunder, if any, may be limited by
state  and  federal  laws  of  the  public  policy  underlying  such  laws.

4.5     DOING  BUSINESS.  Buyer  is,  and  on the Closing Date will be duly
        ----------------
authorized,  qualified  and  licensed  under  any  and  all  applicable  laws,
regulations, ordinances or orders of public authorities to carry on its business
in  the  places  and  in the manner as presently conducted or as contemplated in
this  Agreement,  except  where  the  failure  to be so authorized, qualified or
licensed  would not have a materially adverse effect upon the business of Buyer.
The  business  of  Buyer  does  not require it to be registered as an Investment
Company  or  Investment  Advisor  as such terms are defined under the Investment
Company  Act  and  the  Investment  Advisor  Act  of  1940,  respectively.

4.6     NO  CONFLICT.  Neither the execution and delivery of this Agreement, nor
        ------------
the  consummation  of  the transactions contemplated by this Agreement will: (a)
conflict  with,  or  result  in  a  breach of, or constitute a default under (i)
Buyer's  charter or bylaws, (ii) any instrument or agreement to which Buyer is a
party, or by which it is bound; or (iii) any governmental decree, order, ruling,
writ,  permit  or  license  to  which  Buyer is a party or by which Buyer may be
bound;  (b)  violate any law, statute, rule or regulation applicable to Buyer or
the  transactions  contemplated  hereby;  (c)  require  the  consent  of  any
governmental or administrative agency or any other person not a party hereto; or
(d) require the consent of any party to any contract, agreement or commitment to
which  Buyer  is  a party or by which Buyer may be bound, or result in a default
under or an acceleration of any obligation under any such contract, agreement or
commitment.

4.7     SUBSIDIARIES.  Buyer  has,  and  on  the Closing Date will have, no
        ------------
subsidiaries.

4.8     FINANCIAL  STATEMENTS.  The  audited  financial  statements  of  Buyer,
        ---------------------
consisting  of  its
Balance  Sheet  as  of  December 31, 2000 and 1999, and its Statement of Income,
Statement  of  Stockholders'  Equity  and  Statement of Cash Flows for the years
ended  December  31,  2000 and 1999, together with accompanying notes, have been
audited  by  independent  public  accountants  whose  report  thereon is without
qualification.  The  unaudited  financial statements of Buyer, consisting of its
Balance  Sheet  as  of  June  30,  2001  its  Statement  of Income, Statement of
Stockholders' Equity and Statement of Cash Flows for the three months ended June
30,  2001,  together with accompanying notes, have been prepared by the officers
of Buyer, and have been adjusted for all normal and recurring accruals necessary
for  a  fair  presentation thereof. All such financial statements (collectively,
the  "Buyer  Financial  Statements")  have  been  prepared  in  accordance  with
generally  accepted  accounting  principles, have been delivered to the Company,
and fairly present the financial condition and results of operations of Buyer as
of  the  dates  and  for  the  periods  shown.

     4.9     NO  ADVERSE  CHANGE. Since December 31, 2000, the business of Buyer
             -------------------
has  only  been  operated  in  the normal course. There has not been, and on the
Closing  Date  there  will  not  have  been,  any material adverse change in the
financial  condition  of  Buyer  from  that  set  forth  in  the Buyer Financial
Statements  dated  December  31,  2000.

4.10    LIABILITIES.  There  are,  and  on  the  Closing  Date  will be, no
        -----------
liabilities  (including,  but  not limited to tax liabilities) or claims against
Buyer  (whether such liabilities or claims are contingent or absolute, direct or
indirect, matured or unmatured) not appearing on the Buyer Financial Statements,
other  than  liabilities  incurred  or  made in the ordinary course of business,
taxes  incurred  with regard to earnings since December 31, 2000, or liabilities
for  expenses  incurred  in  connection  with  this  Agreement.

4.11    TAXES.  All  federal,  state,  county  and  local  income,  excise,
        -----
property and other tax returns required to be filed by Buyer have been filed and
all  required  taxes,  fees or assessments have been paid or an adequate reserve
therefor  has  been  set  up  in  the  Buyer Financial Statements. No income tax
returns  of  Buyer  have  ever been audited by any authority empowered to do so.
There  are  no  agreements or waivers in effect that provide for an extension of
time  for  the  filing  of any tax returns by Buyer or the assessment of any tax
against  Buyer.

4.12    TITLE;  PROPERTY;  REAL  PROPERTY.  Except as set forth on Schedule
        ---------------------------------
4.12  hereof,  the  Buyer  has, and on the Closing Date will have, all legal and
beneficial  ownership  of  all  of  its  real  property, furniture, fixtures and
equipment excluding any leased real property, furniture, fixtures and equipment.
Such  assets  (excluding leased assets) are owned free and clear of all security
interests,  pledges,  liens,  restrictions  and  encumbrances  of every kind and
nature,  except  as stated in the Buyer Financial Statements. Buyer does not own
any  real property. Schedule 4.12 is a detailed list of all real property leased
by  Buyer,  showing  location, rental cost and landlord. All real property under
lease to or otherwise used by Buyer is in good condition, ordinary wear and tear
excepted,  and  is  sufficient for the current operations of Buyer. No such real
property,  nor the occupancy, maintenance or use thereof, is in violation of, or
breach  or  default under, any contract or law, and no notice or threat from any
lessor,  governmental  body or other Person has been received by Buyer or served
upon  any  such  real  property claiming any violation of, or breach, default or
liability  under,  any contract or law, or requiring or calling attention to the
need  for  any  work,  repairs,  construction,  alteration,  installations  or
environmental  remediation.  Buyer has not placed or caused to be placed, and to
the  best  knowledge  and  belief  of  Buyer  there were not and/or are not, any
Hazardous Substances in, on, under or migrating from any of the real property of
Buyer.

4.13    CONTRACTS AND COMMITMENTS.  Buyer has, and on the Closing Date will
        -------------------------
have, no agreements, contracts and commitments to which it is, or on the Closing
Date  will  be a party, except as described in Schedule 4.13. A true and correct
copy  of  each  such agreement, contract or commitment has been delivered to the
Company. Buyer is not, and on the Closing Date will not be, and to the knowledge
of  Buyer,  each  such  other  party  to  each  of such agreements, contracts or
commitments is not, in default under any such agreement, contract or commitment,
the  result  of  which  breach  would have a materially adverse effect on Buyer.
Buyer  has  delivered to Company a true and correct copy of the Joint Rescission
of  Stock  Purchase  and  Acquisition  Agreement  between Buyer and Telnet World
Communications,  Inc.  (''Telnet") dated August 10, 2000 pursuant to which Buyer
and  Telnet  rescinded  the  transactions  contemplated  by  the  Stock Purchase
Agreement  and  Plan  of  Reorganization  dated April 19, 2000 between Buyer and
Telnet (the "Telnet Agreement") and have restored Buyer and Telnet to the status
quo  as of immediately prior to entering into the Telnet Agreement. Buyer has no
claim,  liability  or  obligation  based  upon  or  resulting  from  the  Telnet
Agreement.

4.14     LITIGATION.There  are, and on the Closing Date will be, no claims,
         -----------
actions,  suits  or  proceedings,  pending,  or  to the best knowledge of Buyer,
threatened  against  Buyer.

4.15    COMPENSATION AND LOANS. Except as disclosed in Schedule 4.15, since
        ----------------------
December  31,  2000,  there  have  been, and on the Closing Date will be, (i) no
salaried  or  otherwise  compensated  employees, officers or directors of Buyer,
(ii)  no  loans  made to any officer or director of Buyer, (iii) no dividends or
other  distributions  declared or paid by Buyer, and (iv) no repurchase by Buyer
of  any  shares  of  capital  stock.

4.16    ADDITIONAL  ISSUANCES  OF  EQUITY.  Except as set forth on Schedule
        ----------------------------------
4.16  hereof,  since December 31, 2000, Buyer has not issued or committed itself
to  issue,  and to the Closing Date will not issue or commit itself to issue any
additional common shares or any options, rights, warrants or other securities or
instruments  convertible  into  or  exercisable  for  common  shares,  except as
contemplated  by  this  Agreement.

4.17    INVESTMENT INTENT. Buyer is acquiring Company Shares for investment
        -----------------
only and not with a view to further distribution and does not have, and will not
have  on  the  Closing  Date, any commitment for the disposition of such shares.

4.18    PATENTS,  ETC.  Buyer  has  no  patents, patent applications, trademark,
        -------------
trademark  registrations,  tradenames,  copyrights,  copyright  registrations or
applications  therefor.  Buyer  has not infringed and is not infringing upon any
intellectual  property  right  of  any  person.

4.19    BUSINESS  CONDUCT.  The  Company  has, and on the Closing Date will
        -----------------
have,  operated  its  business  and conducted its affairs in compliance with all
applicable laws, rules and regulations of the United States, the State of Nevada
and  all jurisdictions in which it now carries on its business, except where the
failure  to  so  comply  would  not  have  a materially adverse effect on Buyer.

4.20    AFFILIATED  TRANSACTIONS.  There are, and on the Closing Date there
        ------------------------
will  be  no  loans, leases or other contracts outstanding between Buyer and any
officer or director of Buyer or any person related to any officer or director of
Buyer.

4.21     SANCTIONS.  During  the past five year period, except as set forth
         ---------
on  Schedule  4.21,  to  the  best  of  the knowledge, information and belief of
current  officers  and  directors,  no officer or director of Buyer has been the
subject  of:

4.21.1  a  petition under the federal bankruptcy laws or any other insolvency or
creditor's rights laws, nor has a receiver, fiscal agent or similar officer been
appointed  by  a  court  for  the  business  or  property of such person, or any
partnership  in which he was a general partner at or within two years before the
time  of  such filing or appointment, or any corporation or business association
of  which  he was an executive officer at or within two years before the time of
such  filing  or  appointment;

4.21.2  a  conviction  in  a criminal proceeding or a named subject of a pending
criminal  proceeding  (excluding  traffic  violations and other minor offenses);

4.21.3  any  order,  judgment or decree, not subsequently reversed, suspended or
vacated,  of  any  court  of  competent jurisdiction, permanently or temporarily
enjoining  him  from,  or  otherwise  limiting,  the  following  activities;

(i)  Acting  as  a  futures  commission  merchant, introducing broker, commodity
trading  advisor,  commodity  pool  operator, floor broker, leverage transaction
merchant,  any  other  person  regulated  by the United States Commodity Futures
Trading  Commission  or  an  associated person of any of the foregoing, or as an
investment  adviser,  underwriter,  broker  or  dealer  in  securities, or as an
affiliated person, director or employee of any investment company, bank, savings
and  loan  association  or  insurance  company, or engaging in or continuing any
conduct  or  practice  in  connection  with  activity;

(ii)  Engaging  in  any  type  of  business  practice;  and

(iii)  Engaging  in  any activity in connection with the purchase or sale of any
security  or  commodity or in connection with any violation of federal, state or
other
securities  laws  or  commodities  laws.

4.21.4  any order, judgment or decree, not subsequently reversed, suspended
or  vacated,  of  any  federal,  state or local authority barring, suspending or
otherwise  limiting  for more than 60 days the right of such person to engage in
any  activity described in the preceding sub-paragraph, or to be associated with
persons  engaged  in  any  such  activity;

4.21.5  a finding by a court of competent jurisdiction in a civil action or
by  the  United  States  Securities and Exchange Commission to have violated any
securities  law,  and  the  judgment  in  such  civil  action or finding by such
Commission  has  not  been  subsequently  reversed,  suspended  or  vacated;  or

4.21.6  a  finding  by a court of competent jurisdiction in a civil action or by
the  Commodity  Futures  Trading  Commission  to  have  violated  any  federal
commodities  law,  and  the  judgment  in  such  civil  action or finding by the
Commodity  Futures  Trading  Commission  has  not  been  subsequently  reversed,
suspended  or  vacated.

4.22    BUYER REPRESENTATION. Buyer has not taken and will not take, and to
        --------------------
its  knowledge,  no  officer,  director  or  shareholder  has taken, directly or
indirectly,  any  action  designed  to, or which has constituted, or which might
reasonably  be  expected  to,  cause  or result in any violations of the federal
securities  laws  with  regard  to  Buyer  or  its  securities.

4.23    EMPLOYEE  BENEFIT  PLANS. Buyer has no pension plan, profit sharing
        ------------------------
or  similar  employee  benefit  plan.

4.24    BROKER'S FEES. Neither Buyer, nor any of its officers or directors,
        -------------
has  employed  any  broker  or finder or incurred any liability for any broker's
fees,  commissions  or  finder's fees in connection with any of the transactions
contemplated  by  this  Agreement.

4.25    QUESTIONABLE  PAYMENTS.  Neither  Buyer,  nor any current or former
        ----------------------
shareholder,  partner,  director or officer of Buyer, has (a) used any corporate
funds  for  any  illegal  contributions,  gifts, entertainment or other unlawful
expenses  relating  to  political activity; (b) used any corporate funds for any
direct  or  indirect  unlawful  payments  to  any foreign or domestic government
officials  or  employees;  (c)  violated  any  provision  of the Foreign Corrupt
Practices  Act of 1977; (d) established or maintained any unlawful or unrecorded
fund  of  corporate  monies  or  other  assets; (e) made any false or fictitious
entries  on  such  corporation's  books and records; (f) made any bribe, rebate,
payoff,  influence  payment,  kickback  or  other unlawful payment of any nature
using  corporate funds or otherwise on behalf of Buyer; or (g) made any material
favor  or  gift  that  is  not  deductible for federal income tax purposes using
corporate  funds  or  otherwise  on  behalf  of  Buyer.

4.26    EXCHANGE  ACT  REPRESENTATIONSAt  Closing, the Buyer Shares will be
        ------------------------------
registered  under  the  Securities  Exchange  Act of 1934, as amended ("Exchange
Act").  Buyer  has previously delivered to the Company true and complete copies,
including  exhibits  and,  as  applicable,  amendments  thereto,  of  its  (i)
Registration  Statement  on  Form  10-SB  filed  under  the  Exchange  Act; (ii)
Quarterly  Reports  on Form 10Q-SB for the quarter ended March 31, 2000 and June
30,  2000,  and  (iii) copies of all material correspondence with the Securities
and  Exchange  Commission, the NASD, the OTC and state blue sky commissions. All
such  documents referred to herein, and the documents referred to in Section 5.2
(collectively,  the  "SEC Documents"), at the time filed with the Securities and
Exchange  Commission  ("SEC")  complied,  or  will comply in the case of the SEC
Documents  referred  to in Section 5.2, with the Exchange Act and all applicable
rules  and  regulations  of  the  SEC  and  were  timely  filed (except that the
Quarterly  Reports  on  Form 10-Q for the quarters ended March 31, 2000 and June
30,  2000 were not timely filed), or will be timely filed in the case of the SEC
Documents  referred to in Section 5.2. No SEC Document, as of the date of filing
or  the  effective  date,  as the case may be, or as of any subsequent date when
Buyer  was required to amend, supplement or update any such document (regardless
of  whether  it  did  so),  contained any untrue statement of a material fact or
omitted to state any material fact required to be stated therein or necessary in
order  to make the statements therein, in light of the circumstances under which
they  are  made,  not misleading.  Buyer represents and warrants that all 10-Q's
10-k's and other applicable SEC filings will be filed and up to date at Closing.
Buyer  represents  and warrants that the Seller is a fully reporting company, as
that  term  is  commonly  used  and  will  be  at  the  time  of  Closing.

                                    ARTICLE V

                            COVENANTS OF THE PARTIES

5.1         BUYER  SPECIAL BOARD MEETING. On the Closing Date, Buyer shall cause
            ----------------------------
a  special  meeting  of  the
Board  of  Directors  of Buyer to be held, at which meeting: (i) the size of the
Board  of  Directors  of  Buyer  shall be set at three (3) or more members, (ii)
three  (3)  designees  of  the Company including Charles Booth, Ted Kramer and a
party  to  be  named  later, shall be appointed as new directors of Buyer, (iii)
resignations  from all of the present officers, directors and employees of Buyer
which  shall have been tendered prior to the Closing Date shall be accepted, and
(iv)  the  name  of  Buyer  shall  be charged to "Charles Booth Inc." (the "Name
Change"),  subject  to  shareholder  approval.  In  addition, Mr. Booth shall be
appointed  as Chairman of the Board and Chief Executive Officer of Buyer.  Buyer
shall  solicit  approval  of  the  Name  Change  by consent of a majority of the
shareholders  of  Buyer  without  a meeting ("Shareholder Consent"). Buyer shall
prepare  the  information  required by Rule 14f-1 and Regulation 14C promulgated
under  the  Exchange  Act  (the  "Rule  14f-1 Statement"), subject to review and
approval  by  the Company, and at least ten days prior to the Closing Date shall
file the Rule 14f-1 Statement with the SEC and transmit the Rule 14f-1 Statement
to  all  stockholders  of  record.

5.2     SEC DOCUMENTS. Buyer covenants and agrees that prior to the Closing
        -------------
Date,  it  shall file the Rule 14f-1 Statement, all reports and filings required
to  be  filed  by  Buyer  under  Sections  13, 14 and 15(d) of the Exchange Act,
together with all other reports and filings necessary to have available "current
public  information"  as  defined  in  Rule  144 under the rules and regulations
promulgated  under  the  Securities  Act.  Buyer  knows of no reports or filings
required  to  be  filed by officers, directors, shareholders or their affiliates
under  the  Exchange  Act  which  have  not  been  filed.

5.3     NEGATIVE COVENANTS OF BUYER. Buyer agrees that from the date hereof
        ---------------------------
to  the  Closing Date, without the prior written consent of Sellers, Buyer shall
not:  (i) amend, modify, change or terminate any provision of its certificate of
incorporation  or  bylaws, (ii) create or assume any claim, lien or encumbrances
upon  any  of  its  business  or  assets,  (iii)  incur  any debt, obligation or
liability,  (iv)  make  any  loan or advance, (v) assume, guarantee or otherwise
become  liable  for any debt, obligation or liability of any Person, (vi) commit
for  any  capital expenditure, (vii) purchase, lease, sell, abandon or otherwise
acquire  or  dispose of any business or assets, (viii) waive any right or cancel
any  debt  or  claim,  (ix) assume or enter into any contract or agreement other
than this Agreement (and any other agreement contemplated herein), (x) increase,
or  authorize  an  increase in, the compensation or benefits paid or provided to
any  of  their  directors,  officers,  employees,  salesmen,  agents  or
representatives,  (xi)  permit  or  cause  a  breach or default under any of its
contracts,  insurance  policies,  licenses or permits, (xii) adopt or enter into
any  new  employee  benefit  plan  or modify any existing employee benefit plan,
(xiii)  participate  in any merger, consolidation or reorganization, (xiv) begin
to  engage  in  any  new type of business, (xv) acquire the business or any bulk
assets of any other Person, (xvi) completely or partially liquidate or dissolve,
(xvii)  terminate  any  part  of their business, (xviii) issue or sell any Buyer
Shares,  redeem,  retire or purchase any Buyer Shares, or create, grant or issue
any options, warrants or other contracts or Contract Rights with respect to, any
Buyer  Shares,  or  any  other  capital  stock  or other securities of Buyer, or
create,  grant  or  issue  any stock options, stock appreciation rights, phantom
shares  or other similar rights or (xviii) do anything else outside the ordinary
course  of  their  business  consistent  with its past practices, whether or not
specifically  described  in  any  of  the  foregoing  clauses.

5.4     ACCESS  TO  RECORDS;  CONFIDENTIALITY.
        -------------------------------------

5.4.1  During  the  period  from  the date of this Agreement to the Closing
Date, Buyer and the Company shall each permit the other party and its respective
representatives,  agents  and  designees reasonable access to its properties and
those  of  its  subsidiaries,  and shall disclose and make available to them all
books,  papers and records relating to the assets, stock, ownership, properties,
operations,  obligations  and liabilities of it and its subsidiaries, including,
but  not  limited  to, all books of accounts (including the general ledger), tax
records,  minute  books of directors' and stockholders' meetings, organizational
documents,  bylaws,  material  contracts  and  agreements,  filings  with  any
regulatory  authority,  accountants'  work  papers,  litigation  files,  plans
affecting  employees,  and  any  other business activities or prospects in which
Buyer  or  the  Company,  as  the  case  may  be,  may  have  an  interest.
5.4.2  All information furnished by Buyer to the Company and by the Company
to  Buyer  pursuant  hereto  shall  be treated as the sole property of the party
furnishing the information and, if the Stock Exchange shall not occur, the party
receiving  the information shall return to the party furnishing the information,
all  documents  (in  whatever  form,  including  electronic)  or other materials
containing,  reflecting  or  referring  to  such information, shall use its best
efforts  to  keep  confidential  all such information, and shall not directly or
indirectly use such information for any competitive or other commercial purpose.
The  obligation to keep such information confidential shall not apply to (i) any
information  which:  (w)  the  party receiving the information can establish was
already  in  its  possession  prior  to  the  disclosure  thereof  by  the party
furnishing  the  information;  (x)  was  then generally known to the public; (y)
became  known  to  the  public  through  no  fault  of  the  party receiving the
information;  or  (z)  was disclosed to the party receiving the information by a
third party not bound by an obligation of confidentiality or (ii) disclosures in
accordance  with  an  order  of  a  court  of  competent  jurisdictions.

5.5     NO  SOLICITATION.  So  long  as  this Agreement remains in effect, Buyer
        ----------------
shall  not  and  Buyer  shall  not  authorize  or  permit  any of its directors,
officers,  employees  or  agents,  to  directly  or  indirectly  (i) respond to,
solicit,  initiate  or encourage any inquiries relating to, or the making of any
proposal  which  relates to, an Acquisition Transaction (as defined below), (ii)
recommend  or  endorse  an  Acquisition  Transaction,  (iii)  participate in any
discussions  or  negotiations regarding an Acquisition Transaction, (iv) provide
any third party (other than the Company or an affiliate of the Company) with any
non-public information in connection with any inquiry or proposal relating to an
Acquisition Transaction or (v) enter into an agreement with any other party with
respect to an Acquisition Transaction. Buyer will immediately cease and cause to
be  terminated  any  existing activities, discussions or negotiations previously
conducted  with  any  parties  other than the Company with respect to any of the
foregoing,  and  will  take  all  actions  necessary  or advisable to inform the
appropriate  individuals or entities referred to in the first sentence hereof of
the  obligations  undertaken  in this Section 5.5. Buyer will notify the Company
orally  (within  one  day)  and  in  writing (as promptly as practicable) if any
inquiries  or  proposals relating to an Acquisition Transaction are received by,
any  such information is requested from, or any such negotiations or discussions
are  sought  to be initiated or continued with Buyer. As used in this Agreement,
"Acquisition  Transaction"  shall  mean one of the following transactions with a
party  other  than  the  Company  of  an  affiliate of the Company (i) a merger,
consolidation, share exchange, or any similar transaction, involving Buyer, (ii)
a  purchase,  lease  or other acquisition of all or a substantial portion of the
assets  or  liabilities  of  Buyer  or,  (iii)  a  purchase or other acquisition
(including  by way of share exchange, tender offer, exchange offer or otherwise)
of  a substantial interest in any class or series of equity securities of Buyer.

5.6     FURTHER  ASSURANCES. In case at any time after the Closing Date any
        -------------------
further  action  is  necessary  or  desirable  to carry out the purposes of this
Agreement,  each  party  to this Agreement shall take all such necessary action,
including but not limited to responding to SEC comments on any filings made with
the  SEC  and  working  to  have  such  filings  cleared  by  the  SEC.

                               ARTICLE  VI

CLOSING  CONDITIONS

6.1     CONDITIONS  TO  THE  OBLIGATIONS OF BUYER UNDER THE AGREEMENT.  The
obligations of Buyer to perform this Agreement shall be further subject to the
satisfaction, at  or  prior  to  the Closing  Date,  of  the  following
conditions,  any one or more of which may be waived  by  Buyer:

6.1.1 Each of the obligations of the Sellers and the Company required to be
performed  at  or  prior  to  the  Closing  Date  pursuant  to the terms of this
Agreement  shall  have been performed and complied with in all material respects
and  the  representations and warranties of Sellers and the Company contained in
this Agreement shall be true and correct in all material respects as of the date
of  this  Agreement  and  as of the Closing Date as though made at and as of the
Closing  Date,  except with respect to changes permitted hereby and for any such
representations  and  warranties  made as of a specific date which shall be true
and  correct  as  of  such  date. Buyer shall have received a certificate to the
foregoing  effect  signed  by  an  executive  officer  of  the  Company.

6.1.2  There  shall  have  been  no  material  adverse  change  in the financial
condition  of  the  Company, since the date of this Agreement, whether or not in
the  ordinary  course  of  business.

6.1.3  All  action  required  to  be taken by, or on the part of, the Company to
authorize  the  execution,  delivery  and  performance of this Agreement and the
consummation  by  the Company of the transactions contemplated hereby shall have
been  duly  and  validly  taken  by  the  Company  and Buyer shall have received
certified  copies  of  the  resolutions  evidencing  such  authorization.

6.1.4  Any  and  all  permits,  consents,  waivers,  clearances,  approvals  and
authorizations  of  all third parties which are necessary in connection with the
consummation  of  the transactions contemplated hereby shall have been obtained.

6.1.5  The  Company  shall  not  have suffered a loss on account of fire, flood,
accident  or  other calamity of such a character as to interfere materially with
the  continuous  operation  of its business or materially adversely affect their
aggregate financial condition, regardless of whether or not such loss shall have
been  insured.

6.1.6  Except  as  disclosed  in  Schedule  6.1.6  hereto,  no  material
transactions shall have been entered into by the Company other than transactions
in the ordinary course of business since June 30, 2001 or other than as referred
to  in  this  Agreement,  except  with  the  written  consent  of  Buyer.

6.1.7  That none of the properties or assets of the Company shall have been
sold  or  otherwise  disposed  of  other than in the ordinary course of business
since  June  30,  2001,  where  such  has had a materially adverse affect on the
Company,  except  with  the  written  consent  of  Buyer.

6.1.8  That  Buyer shall have received an opinion from counsel to the Company in
form  reasonably  satisfactory  to  Buyer's  counsel,  that:

(a)          The  Company  has  been duly incorporated and is a validly existing
corporation  under  the  laws  of the State of New York with a capitalization as
represented  in  this  Agreement.

(b)     All  of  the  outstanding  Company  Shares  have been duly authorized by
appropriate  corporate  action  of  the  Company, as applicable, and are validly
issued  and  represent fully paid and non-assessable shares of the Company, free
of  preemptive  rights.

(c)     This  Agreement  and the transactions contemplated hereby have been duly
authorized  by  necessary  corporate  action  of  the  Company.

(d)     Upon delivery of the certificates and duly executed stock transfer forms
representing  the  Company Shares pursuant to the terms of this Agreement, Buyer
will acquire legal and beneficial ownership of such securities free and clear of
all  liens,  pledges  and  encumbrances;  and,  upon  the  completion  of  the
transactions  contemplated by this Agreement, Buyer shall be the owner of all of
the  Outstanding Company Shares and, to the knowledge of counsel, there shall be
no outstanding options or warrants to purchase any shares of the Company nor any
outstanding  securities  of  any  nature  convertible  into  such  shares.

6.1.9     The  Parties designated on Schedule 4.16 shall have received duly
executed  warrants  totaling  2 million shares of common capital stock priced at
$1.00 per share which warrants shall be non-cancelable for a period of three (3)
years  from  the  date  of  issuance.

6.2      CONDITIONS TO THE OBLIGATIONS OF SELLERS AND THE COMPANY UNDER THE
         ------------------------------------------------------------------
AGREEMENT.  The obligations of Sellers and the Company to perform this Agreement
---------
shall  be  further subject to the satisfaction, at or prior to the Closing Date,
of  following  conditions  any one or more of which may be waived by Sellers and
the  Company:

6.2.1.  Each  of  the  obligations of Buyer required to be performed by it at or
prior  to  the  Closing  pursuant to the terms of this Agreement shall have been
performed and complied with in all material respects and the representations and
warranties of Buyer contained in this Agreement shall be true and correct in all
material respects as of the date of this Agreement and as of the Closing Date as
though  made  at  and  as  of  the  Closing Date, except with respect to changes
permitted  hereby  and  for any such representations and warranties made as of a
specific  date  which  will be true and correct as of such date. The Sellers and
the  Company shall have received a certificate to the foregoing effect signed by
an  executive  officer  of  Buyer.

6.2.2  There  shall  have  been  no  material  adverse  change  in the financial
condition  of  Buyer  since  the  date  of this Agreement, whether or not in the
ordinary  course  of  business.

6.2.3  All action required to be taken by, or on the part of, Buyer to authorize
the  execution,  delivery  and  performance  of  this Agreement by Buyer and the
consummation  by  Buyer  of the transactions contemplated hereby shall have been
duly  and  validly taken by the Board of Directors and stockholders of Buyer and
Sellers  and the Company shall have received certified copies of the resolutions
evidencing  such  authorization.

6.2.4  Any  and  all  permits, consents, waivers, clearances, approvals and
authorizations  of  all third parties which are necessary in connection with the
consummation  of  the transactions contemplated hereby shall have been obtained.

6.2.5 The Sellers and the Company shall have received an opinion of counsel
or  independent  auditors  to  the effect that the Stock Exchange qualifies as a
tax-free  exchange  pursuant  to  Section 351 and or Section 368(a)(1)(B) of the
Code.

6.2.6 Buyer shall not have suffered any loss on account of fire, flood, accident
or  other  calamity  of  such  a  character  as to interfere materially with the
continuous  operation  of  its  business  or  materially  adversely  affect  its
financial  condition,  regardless  of  whether  or not such loss shall have been
insured.

6.2.7  No material transactions shall have been entered into by Buyer other than
transactions  in  the  ordinary course of business between December 31, 1999 and
the  Closing Date, other than as contemplated by this Agreement, except with the
written  consent  of  the  Company.

6.2.8  That  none  of  the properties or assets of Buyer shall have been sold or
otherwise  disposed  of  other  than  in  the  ordinary course of business since
December  31,  1999,  except  with  the  written  consent  of  the  Company.

6.2.9  That  the Sellers shall be satisfied, in their sole discretion, as to the
financial  statements  and  financial  condition  of  the  Buyer.

6.2.10  That Sellers and the Company shall have received an opinion from counsel
to  Buyer  in  form  satisfactory  to  the  Company's  counsel,  that:

(a)  Buyer  has  been duly incorporated and is a validly existing corporation in
good  standing  under  the  laws of the State of Nevada with a capitalization as
represented  in  this  Agreement.

(b) All of the outstanding Buyer Shares have been duly authorized by appropriate
corporate  action  of  Buyer,  are  validly  issued and represent fully paid and
nonassessable capital shares of Buyer and the outstanding Buyer Shares have been
registered  under  the  Securities  Exchange Act of 1934 and have been issued in
compliance  with  applicable  Federal  and  state  securities  laws.

(c)  This  Agreement  and  the  transactions  contemplated hereby have been duly
authorized  by  appropriate  action of Buyer and, under applicable law and Buyer
stockholder  approval  is  not  required  under  applicable  law.

(d)  The issuance of the Buyer Shares to Sellers on the Closing Date pursuant to
this  Agreement  have  been  duly  authorized by appropriate corporate action of
Buyer,  and when issued, shall be fully paid and non-assessable common shares of
Buyer  free  of  preemptive  rights.

(e) To such counsel's knowledge, after due inquiry, Buyer has not been or is not
required  to  be  registered  as  an investment company or an investment adviser
under the Investment Company Act of 1940 or the Investment Advisers Act of 1940,
respectively.

6.2.11  Buyer  shall  have  received  Subscriptions,  or  a  commitment for
subscriptions,  in form and substance acceptable to the Company, from accredited
investors (as defined in Regulation D promulgated under the Securities Act) (the
"Investors") to purchase 500,000 Buyer Shares for an aggregate purchase price of
$250,000.  The costs of the PPM anticipated to be approximately $25,000 together
with  payment  of shareholders loans and other Company expenses in the amount of
$75,000  shall be deducted from the PPM with the balance retained in the Company
treasury  after  the  closing.

6.2.12      The  Buyer's  three  largest  stockholders  prior  to the Stock
Exchange,  the  Consultant  and  the  Investors  must  have entered into lock-up
agreements  satisfactory to the Company pursuant to which they will agree not to
sell  or  transfer  more  than  1/24  of their Buyer's Shares for a period of 24
months  after  closing  of  the  transactions, subject to modification if market
conditions  warrant  in  the  reasonable discretion of Buyer. These restrictions
shall be in addition to any restrictions under federal or state securities laws.

6.2.13  Buyer  shall  not  have any obligations or liabilities as of the Closing
Date  in  excess  of  $2,500  in  the  aggregate.

6.2.14  Buyer  shall  have  entered  into  Employment  Agreements  ("Employment
Agreements")  with  Charles  Booth  in  form  acceptable  to  Buyer  and Seller.

6.2.15  At  Closing,  Buyer  shall  deliver to Company and Seller a list showing
Buyer's  shareholders  of  record  as  of  the  date  prior  to the Closing Date
certified  by  Buyer's  transfer  agent.

6.2.16  Buyer  and  Sellers shall be in full compliance with the representations
and  warranties  contained  in  Sections  3.26  and  4.26,  respectively herein.

          ARTICLE  VII

                      CLOSING AND POST-CLOSING OBLIGATIONS

7.1     TIME  AND  PLACE.  Subject  to  the  provisions of Articles 6 and 8
        ----------------
hereof,  the Closing of the transactions contemplated hereby shall take place at
the offices of Charles Booth, Inc. in New York City at 9:00 A.M., local time, on
the  second  (2nd)  business  day  after the date on which all of the conditions
contained  in  Article  6,  to  the extent not waived, are satisfied; or at such
other  place, at such other time, or on such other date as the Company and Buyer
may  mutually  agree  upon  for  the  Closing  to  take  place.

7.2     DELIVERIES  AT THE CLOSING. Subject to the provisions of Articles 6
        --------------------------
and  8  hereof,  at the Closing there shall be delivered to Sellers, the Company
and  Buyer  the  opinions,  certificates,  and  other  documents and instruments
required  to  be  delivered  under  Article  6  hereof.  All  such  opinions,
certificates,  and  other documents and instruments (collectively, the "Escrowed
Delivery Documents") required to be delivered under Article 6 shall be delivered
to  and  held  by  Escrow  Agent  (as  defined  in  Section  7.3)  in  escrow.

7.3     OTC  BULLETIN  BOARD.  The  parties  shall  use  their commercially
        --------------------
reasonable  efforts to have all the Buyer's shares listed for trading on the OTC
Bulletin  Board.

7.4     BUYER  STOCK  CERTIFICATES.  After Closing, Buyer shall send a letter of
        --------------------------
transmittal  to  its  shareholders  requesting  that  they  transmit their stock
certificates  to  the  Buyer  in  exchange for a stock certificate bearing a new
CUSIP  number  which  Buyer shall obtain and bearing the legends required by the
agreements  referenced  in  Section  6.2.12.

     ARTICLE  VIII

                        TERMINATION, AMENDMENT AND WAIVER

8.1     Termination.  This Agreement may be terminated at any time prior to
        -----------
the  Closing  Date:

8.1.1 by mutual written consent of Sellers, the Company and Buyer, properly
authorized;

8.1.2 by Sellers or the Company or Buyer, (i) if the Closing Date shall not have
occurred  on or prior to October 31, 2001, unless the failure of such occurrence
shall  be due to the failure of the party seeking to terminate this Agreement to
perform  or  observe  its  agreements  and  conditions  set  forth  herein to be
performed or observed by such party at or before the Closing Date; or (ii) if it
has  become reasonably certain that any condition specified in Article 6 of this
Agreement  will  not  be satisfied and such condition has not been waived by the
party  having  the  power  to  waive  such  condition;

8.1.3 by Sellers or the Company, if there shall have been any material breach of
any  obligation  of Buyer hereunder and such breach shall have not been remedied
within  10  days after receipt by Buyer of notice in writing from Sellers or the
Company specifying the nature of such breach and requesting that it be remedied;
and

8.1.4  by  Buyer, if there shall have been any material breach of any obligation
of  Sellers  or  the  Company  hereunder  and  such  default shall not have been
remedied  within  10  days  after  receipt  by  the  defaulting Seller(s) or the
Company,  as  the  case  may  be, of notice in writing from Buyer specifying the
nature  of  such  breach  and  requesting  that  it  be  remedied.

8.2     EFFECT  OF  TERMINATION.  In  the  event  of  termination  of  this
        -----------------------
Agreement  by  either  Buyer,  Sellers  or  the  Company as provided above or in
Section  8.4,  this  Agreement  shall  forthwith become void (other than Section
5.4.2  and  9.1 hereof which shall remain in full force and effect), there shall
be no further liability on the part of Sellers, the Company or Buyer, except for
liability  under  Section  5.4.2  and 9.1. Nothing contained in this Section 8.2
shall  relieve any party hereto from liability for any breach of this Agreement.

8.3     AMENDMENT.  EXTENSION AND WAIVER. Subject to applicable law, at any
        --------------------------------
time prior to the consummation of the transactions contemplated herein, Sellers,
the Company and Buyer may, (a) amend this Agreement, (b) extend the time for the
performance  of any of the obligations or other acts of the other, (c) waive any
inaccuracies  in  the  representations and warranties contained herein or in any
document  delivered  pursuant  hereto,  or  (d) waive compliance with any of the
covenants,  agreements  or conditions contained in Articles 5 and 6 hereof. This
Agreement  may  not  be  amended,  except  by an instrument in writing signed on
behalf  of  each  of  the  parties  hereto. Any agreement on the part of a party
hereto  to  any  extension  or  waiver  shall  be  valid only if set forth in an
instrument in writing signed on behalf of such party, but such waiver or failure
to  insist  on  strict  compliance  with such obligation, covenant, agreement or
condition  shall  not  operate  as a waiver of, or estoppel with respect to, any
subsequent  or  other  failure.

8.4     RESCISSION.  Sellers  and/or  Buyers,  shall  have  the  right  to
        ----------
terminate this Agreement and rescind the transactions contemplated hereby in the
event  that:  (i)  any  of the representations or warranties of Buyer or Sellers
respectively  is  false  or  misleading  in  any  material  respect;

                                   ARTICLE IX

                                  MISCELLANEOUS

9.1     EXPENSES.  All  costs and expenses incurred in connection with this
        --------
Agreement and the transactions contemplated hereby (including legal, accounting,
printing  and  investment banking fees and expenses) shall be borne by the party
incurring  such  costs  and  expenses.  Buyer's costs and expenses shall be paid
prior  to  the  Closing  Date.

9.2     SURVIVALThe  respective  representations  and  warranties  of  the
        --------
Company  and  Seller shall not survive the Closing Date. The representations and
warranties  of  the  Buyer  shall  survive  the Closing Date for a period of two
years.

9.3     NOTICES.  All notices or other communications hereunder shall be in
        -------
writing  and  shall be deemed given if delivered personally or mailed by prepaid
registered or certified mail (return receipt requested) or by cable, telegram or
telex  addressed  as  follows:
(a)          If  to  Sellers, to their respective addresses set forth on Exhibit

"A"  hereto.
     Copy  to:      Edward  C.  Kramer,  Esq.
                    Law  Offices  of  Edward  C.  Kramer,  P.C.
                    708  Third  Avenue
                    New  York,  New  York  10017

(b)          If  to Buyer,  to:TRIPLE  S.  PARTS,  INC.
                    1004  Depot  Hill  Rd.  Suite  1E
                    Broomfield,  Colorado  80020
                    Copy  to:     Steven  Pollack,  Esquire
                    7410  Oleson  Road  -  Suite  #325
                    Portland,  OR  97223

or  such other address as shall be furnished in writing by a party, and any such
notice  or  communication  shall  be deemed to have been given as of the date so
mailed.

9.4     PARTIES  IN  INTEREST;  ASSIGNMENT. This Agreement shall be binding
        ----------------------------------
upon  and  shall inure to the benefit of the parties hereto and their respective
successors  and assigns. Neither this Agreement nor any of the rights, interests
or obligations hereunder shall be assigned by any party hereto without the prior
written  consent  of  the  other  parties.

9.5     COMPLETE  AGREEMENT.  This  Agreement,  including the documents and
        -------------------
other  writings  referred  to  herein or delivered pursuant hereto, contains the
entire  agreement  and  understanding of the parties with respect to its subject
matter.  There  are no restrictions, agreements, promises, warranties, covenants
or  undertakings  between  the parties other than as expressly set forth herein.
This  Agreement  supersedes  prior  agreements  and  understandings  between the
parties,  both  written  and  oral,  with  respect  to  its  subject  matter.

9.6     NEUTRAL  CONSTRUCTION.  The  parties have negotiated this Agreement
        ---------------------
and  all  of  the terms and conditions contained in this Agreement in good faith
and  at arms' length, and each party has been represented by counsel during such
negotiations. No term, condition, or provision contained in this Agreement shall
be  construed  against any party or in favor of any party (i) because such party
or  such  party's  counsel  drafted, revised, commented upon, or did not comment
upon,  such term, condition, or provision; or (ii) because of any presumption as
to  any  inequality  of  bargaining  power  between  nor  among  the  parties.
Furthermore,  all  terms, conditions, and provisions contained in this Agreement
shall  be  construed  and  interpreted  in a manner which is consistent with all
other  terms,  conditions,  and  provisions  contained  in  this  Agreement.

9.7     COUNTERPARTS.  This  Agreement  may  be  executed  in  one  or more
        ------------
counterparts  all  of  which  shall be considered one and the same agreement and
each  of  which  shall  be  deemed  an  original.

9.8     GOVERNING  LAW. This Agreement shall be governed by the laws of the
        --------------
State  of New York, without giving effect to the principles of conflicts of laws
          --------
thereof.

9.9     ARBITRATION.  All  claims,  demands,  disputes,  controversies,
        -----------
differences,  or  misunderstandings  between  the  parties arising out of, or by
virtue of, this Agreement shall be submitted to and determined by arbitration in
accordance  with  this  Section.  In the event of such a claim, demand, dispute,
controversy,  difference,  or  misunderstanding,  Buyer on the one hand, and the
Company and the Sellers, on the other hand, shall each select one arbitrator and
shall  together select a third arbitrator who is neutral unbiased, and who shall
serve  as the chairman of the panel. If the parties are unable to agree upon the
third  arbitrator,  or  if one of the parties is unable to or fails to select an
arbitrator in accordance with this Section, the American Arbitration Association
("AAA')  shall  be  designated  by either party to appoint such arbitrator(s) to
arbitrate  the  matter  in  accordance  with  this  Section. The matter shall be
arbitrated under the rules of the AAA applicable to commercial arbitrations then
obtaining,  such  arbitration to be held in New York City, New York. At any time
before  a  decision  of the arbitration panel has been rendered, the parties may
resolve  the  dispute by settlement. The decision of a majority of arbitrator(s)
shall  be  the  award  of  the panel of arbitrators and shall be made in writing
setting  forth  the  award  and the award shall be binding and conclusive on all
parties;  shall not be appealable and shall include a finding for payment of the
costs  of such arbitration. Judgment of a court of competent jurisdiction may be
entered  upon  the  award  and  may  be  enforced as such in accordance with the
provisions of the award. This agreement to arbitrate is specifically enforceable
by  the  parties  to  this  Agreement.
The  prevailing  party  in such Arbitration shall be entitled to all costs and a
reasonable  attorney  fees.

9.10     HEADINGS.  The  Article  and  Schedule  headings contained in this
         --------
Agreement  are  for  reference purposes only and shall not affect in any way the
meaning  or  interpretation  of  this  Agreement.

IN  WITNESS  WHEREOF,  individual  Sellers  have  executed,  and the Company and
Buyer  have  caused  this  Agreement  to  be  executed  by their duly authorized
officers,  all  as  of  the day  and  year  first  above  written.

     Company:                              Buyer:

     CHARLES  BOOTH  PROFESSIONAL          TRIPLE  S  PARTS,  INC.
     HAIR  CARE  ,  INC.

     By:_________________________           _____________________________
     Name                                   Name:
     Title:                                 Title

<PAGE>

EXHIBIT"  A"
-----------
                                NUMBER  OF              NUMBER  OF  BUYER
SELLER  NAME  AND  ADDRESS   COMPANY-OWNED SHARES    SHARES  TO  BE  RECEIVED
                               -------------         ------------------------

Charles  Booth
--------------
David  Kohn
-----------
Ted  Kramer

                               COMPANY  SCHEDULES

<PAGE>
------

Schedule
3.9                NO  ADVERSE  CHANGE     NONE
-----------------------------------------     ----
Schedule  3.10     LIABILITIES     NONE
--------------     -----------     ----
Schedule  3.11     TAXES     NONE
--------------     -----     ----
Schedule
3.16               LITIGATION     NONE
------------------------------     ----
Schedule  3.17     COMPENSATION  AND  LOANS     NONE
--------------     ------------------------     ----
Schedule  3.18     ADDITIONAL  ISSUANCES  OF  EQUITY     NONE
--------------     ---------------------------------     ----
Schedule  3.19     BROKER'S  FEES     NONE
--------------     --------------     ----
Schedule  3.21     COMPANY  INTELLECTUAL  PROPERTY
--------------     -------------------------------
Schedule  3.23     AFFILIATED  TRANSACTIONS     SEE  BELOW
--------------     ------------------------     ----------
Schedule  3.25     EMPLOYEE  BENEFIT  PLANS     NONE
--------------     ------------------------     ----

<PAGE>
------
     COMPANY  SCHEDULES
     ------------------
Schedule  3.9      NO  ADVERSE  CHANGE     NONE
-------------      -------------------     ----
Schedule  3.10     LIABILITIES     NONE
--------------     -----------     ----
Schedule  3.11     TAXES     NONE
--------------     -----     ----
Schedule  3.16     LITIGATION     NONE
--------------     ----------     ----
Schedule  3.17     COMPENSATION  AND  LOANS     NONE
--------------     ------------------------     ----
Schedule  3.18     ADDITIONAL  ISSUANCES  OF  EQUITY     NONE
--------------     ---------------------------------     ----
Schedule  3.19     BROKER'S  FEES     NONE
--------------     --------------     ----
Schedule  3.21     COMPANY  INTELLECTUAL  PROPERTY     NONE
--------------     -------------------------------     ----
Schedule  3.23     AFFILIATED  TRANSACTIONS     SEE  BELOW
--------------     ------------------------     ----------
Schedule  3.25     EMPLOYEE  BENEFIT  PLANS     NONE
--------------     ------------------------     ----

         Schedules Pursuant to Contract for Sale and Purchase of Shares
                   Charles Booth, lnc. / Triple S. Parts, Inc.

Schedule  4.12  Title;  Property;  Real  Property:       NONE
Schedule  4.13  Contracts  and  Commitments:             NONE
Schedule  4.14  Litigation:                              NONE
Schedule  4.15  Compensation  and  Loans:     NONE- Note payable listed on prior
10QSB  now  paid.  Note  marked  paid  has  been  delivered.

Schedule  4.16  Additional  lssuances  of  Equity:     NONE

Schedule  4.21  Sanctions:     NONE  as  to  all subsections
under     4.21,  including  4.21.1  through  4.2  1.6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00029-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00029-of-00352.parquet"}]]