Document:

THIS  OPTION  AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN
REGISTERED  UNDER  THE SECURITIES ACT OF 1933. THEY MAY NOT BE SOLD, OFFERED FOR
SALE,  PLEDGED,  HYPOTHECATED,  OR  OTHERWISE  TRANSFERRED EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, OR AN OPINION
OF  COUNSEL  SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER
SUCH  ACT  OR  UNLESS  SOLD  PURSUANT  TO  RULE  144  UNDER  SUCH  ACT.

                          CRESCENT COMMUNICATIONS, INC.              NO. E-03-23
                             STOCK OPTION AGREEMENT

Date of Grant: October 9, 2003

     THIS  GRANT, dated as of the date of grant first stated above (the "Date of
Grant"),  is  delivered by Crescent Communications, Inc. (the "Company") to Luke
Richards (the "Grantee"), who is an employee or consultant of the Company or one
of  its  subsidiaries  (the  Company  is  sometimes  referred  to  herein as the
"Employer").

     WHEREAS,  the Board of Directors of the Company (the "Board") on October 9,
2003  granted to Grantee the right to purchase shares of the Common Stock of the
Company,  par value $0.001 per share (the "Stock"), in accordance with the terms
and  provisions  hereof.

     NOW,  THEREFORE,  the parties hereto, intending to be legally bound hereby,
agree  as  follows:

1.   GRANT  OF  OPTION.

     Subject  to  the  terms  and conditions hereinafter set forth, the Company,
     with  the  approval and at the direction of the Board, hereby grants to the
     Grantee, as of the Date of Grant, an option to purchase up to 30,000 shares
     of Stock at a price of $0.20 PER SHARE. Such option is hereinafter referred
     to as the "Option" and the shares of stock purchasable upon exercise of the
     Option  are  hereinafter  sometimes referred to as the "Option Shares." The
     Option Shares to be issued pursuant to this Stock Option Agreement shall be
     restricted  securities.

2.   VESTING.

     This  Option shall vest as to 100% of the total number of shares covered by
     the  Option on October 9, 2004, and is otherwise governed by and subject to
     the  Company's  Stock  Option  Plan  that is in effect on the vesting date.

3.   TERMINATION  OF  OPTION.

     (a)  The  Option  and  all  rights  hereunder  with respect thereto, to the
          extent  such  Option  has  vested, shall terminate and become null and
          void  after  the  expiration  of five (5) years from the Date of Grant
          (the  "Option  Term"). To the extent that the Option has not vested in
          accordance  with  Section  2 above, then the non-vested portion of the

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          Option  shall  terminate and become null and void upon the termination
          of  the  Grantee  as  an employee, officer or director of the Company.

     (b)  In  the event of the death of the Grantee, the Option may be exercised
          by  the Grantee's legal representative(s), but only to the extent that
          the  Option  would  otherwise  have  been  exercisable by the Grantee.

     (c)  In the event the Board (or Committee, if any) finds by a majority vote
          after  full  consideration  of the facts that Grantee, before or after
          termination of his employment with the Company or an Affiliate for any
          reason  (i)  committed  or  engaged  in  fraud,  embezzlement,  theft,
          commission  of  a  felony,  or  proven dishonesty in the course of his
          employment  by  the  Company  or  any  subsidiary  or affiliate of the
          Company, which conduct damaged the Company or subsidiary or affiliate,
          or  disclosed  trade  secrets  of  the  Company  its subsidiary or its
          affiliate,  or  (ii)  participated,  engaged  in  or  had  a material,
          financial  or  other  interest,  whether  as  an  employee,  officer,
          director, consultant, contractor, shareholder, owner, or otherwise, in
          any  commercial  endeavor  anywhere  which  is  competitive  with  the
          business  of  the  Company  or  a  subsidiary or Affiliate without the
          written  consent  of  the  Company,  the  Grantee  shall  forfeit  all
          outstanding  Options.  Clause  (ii)  shall  not be deemed to have been
          violated  solely  by  reason  of  the  Grantee's ownership of stock or
          securities  of  any publicly owned corporation, if that ownership does
          not  result  in  effective  control  of  the  corporation.

          The  decision  of  the Board (or Committee, if any) as to the cause of
          the  Grantee's  discharge,  the  damage  done  to  the  Company  or  a
          subsidiary  or  an  affiliate,  and  the  extent  of  the  Grantee's
          competitive  activity  shall  be  final.  No decision of the Board (or
          Committee, if any) however, shall affect the finality of the discharge
          of  the  Grantee  by  the  Company.

4.   EXERCISE  OF  OPTIONS.

     (a)  The Grantee may exercise the Option with respect to all or any part of
          the  number  of Option Shares then exercisable hereunder by giving the
          Secretary  of  the  Company  written notice of intent to exercise. The
          notice  of  exercise  shall  specify the number of Option Shares as to
          which  the Option is to be exercised and the date of exercise thereof,
          which date shall be at least five days after the giving of such notice
          unless  an  earlier  time  shall  have  been  mutually  agreed  upon.
          Notwithstanding  the foregoing, an Option granted under this Agreement
          may be exercised in increments of not less than 10% of the full number
          of  Shares  as  to which it can be exercised. A partial exercise of an
          Option will not affect the Grantee's right to exercise the Option from
          time  to  time  in  accordance with this Agreement as to the remaining
          Shares  subject  to  the  Option.

     (b)  Full  payment (in U.S. dollars) by the Grantee of the option price for
          the  Option  Shares  purchased shall be made on or before the exercise
          date  specified  in  the  notice  of exercise in cash, or certified or
          cashier's  check  or  money  order,  or,  with  the  prior

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          written  consent  of  the  Board,  in  whole  or  in  part through the
          surrender  of previously acquired shares of Stock at their fair market
          value  on  the  exercise  date.

          On  the  exercise  date  specified  in the Grantee's notice or as soon
          thereafter  as  is  practicable,  but  not to exceed ten (10) business
          days,  the  Company  shall  cause  to  be  delivered to the Grantee, a
          certificate or certificates for the Option Shares then being purchased
          (out of theretofore unissued Stock or reacquired Stock, as the Company
          may  elect)  upon  full  payment  for  such  Option  Shares.

   (c)  If  the Grantee fails to pay for any  of the  Option Shares specified in
        such notice, the Grantee's right to purchase  such  Option Shares may be
        terminated  by the Company. The date  specified in  the Grantee's notice
        as  the  date  of exercise shall be  deemed the  date of exercise of the
        Option,  provided  that  payment  in  full for  the Option Shares  to be
        purchased  upon  such  exercise  shall have been received  by such date.

   (d)  Notwithstanding  any  of  the  other provisions  hereof,  Grantee agrees
        that he will not exercise this Option and that  the Company  will not be
        obligated  to  issue  any  Option Shares pursuant  to  this Stock Option
        Agreement,  if  the  exercise  of  the  Option  or the  issuance of such
        Option  Shares  would  constitute a violation by  the  Grantee or by the
        Company  of any provision of any law or  regulation  of any governmental
        authority  or  national  securities  exchanges. Upon  the acquisition of
        any  Option  Shares  pursuant  to  the  exercise  of  the Option  herein
        granted,  Grantee  will  enter  into  such  written  representations,
        warranties  and  agreements  as  the Company may reasonably  request  in
        order to comply with applicable securities laws with  this Stock  Option
        Agreement.

5.   ADJUSTMENT  OF  AND  CHANGES  IN  STOCK  OF  THE  COMPANY.

     In the event of a reorganization, recapitalization, change of shares, stock
     split,  spin-off,  stock  dividend,  reclassification,  subdivision  or
     combination of shares, merger, consolidation, rights offering, or any other
     change  in  the  corporate  structure  or  shares  of  capital stock of the
     Company,  the  Board  shall  make such adjustment in the number and kind of
     shares  of  Stock  subject  to the Option or in the option price; provided,
     however,  that  no  such  adjustment  shall give the Grantee any additional
     benefits  under  the  Option.

6.   FAIR  MARKET  VALUE.

     As  used  herein,  the "fair market value" of a share of Stock shall be the
     closing  price per share of Stock on the PINK SHEETS, OTCBB, the BBXCHANGE,
     NASDAQ,  the  NYSE, the Amex, the composite tape or other recognized market
     source,  as  determine  by  the  Board, on the applicable date of reference
     hereunder,  or  if there is no sale on such date, then the closing price on
     the  last  previous  day  on  which  a  sale  is  reported.

7.   NO  RIGHTS  OF  STOCKHOLDERS.

     Neither the Grantee nor any personal representative shall be, or shall have
     any  of  the  rights  and  privileges of, a stockholder of the Company with
     respect to any shares of Stock purchasable or issuable upon the exercise of
     the  Option,  in  whole  or  in  part, prior to the date of exercise of the
     Option.

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8.   NON-TRANSFERABILITY  OF  OPTION.

     During  the  Grantee's  lifetime, the Option hereunder shall be exercisable
     only by the Grantee or any guardian or legal representative of the Grantee,
     and  the  Option shall not be transferable except, (i) in case of the death
     of  the  Grantee, by will or the laws of descent and distribution, and (ii)
     to  a  child,  grandchild  or  stepchild  of  the  Grantee or to a trust or
     partnership  created  by the Grantee, who, in each case, will be subject to
     all  of  the  provisions  hereof,  nor  shall  the  Option  be  subject  to
     attachment,  execution  or  other  similar process. In the event of (a) any
     attempt  by  the  Grantee  to  alienate,  assign,  pledge,  hypothecate  or
     otherwise  dispose  of the Option, except as provided for herein, or (b) me
     levy  of  any  attachment,  execution or similar process upon the rights or
     interest  hereby  conferred, the Company may terminate the Option by notice
     to  the Grantee and it shall thereupon become null and void and of no value
     to  any  such  party.

9.   DISPUTES.

     As  a  condition  of the granting of this Option, the Grantee and his heirs
     and  successors  agree  that  any  dispute  or disagreement which may arise
     hereunder  shall  be  determined by the Board (or Committee, if any) in its
     sole  discretion  and  judgment,  and  that  any such determination and any
     interpretation  by  the  Board  (or Committee, if any) of the terms of this
     Option shall be final and shall be binding and conclusive, for all purposes
     upon  the  Company,  the  Grantee,  his  heirs  and  successors.

10.  NOTICE.

     Any  notice  to  the  Company  provided  for  in  this  instrument shall be
     addressed  to  it  in  care  of  its  Secretary at its executive offices at
     Crescent  Communications,  Inc.,  and  any  notice  to the Grantee shall be
     addressed to the Grantee at the current address shown on the records of the
     Company.  Any  notice shall be deemed to be duly given if and when properly
     addressed  and  posted  by  registered  or certified mail, postage prepaid.

11.  GOVERNING  LAW.

     The  validity,  construction,  interpretation and effect of this instrument
     shall  exclusively be governed by and determined in accordance with the law
     of the State of Texas, except to the extent preempted by federal law, which
     shall  to  the  extent  govern.

12.  CAPITALIZED  TERMS

     Capitalized  terms used herein shall having the meanings to be set forth in
     The Crescent Communications, Inc. 2002 Stock and Stock Option Plan.

     IN  WITNESS WHEREOF, the Company has caused its duly authorized officers to
execute  and  attest  to this Stock Option Agreement, and to apply the corporate
seal  hereto,  and the Grantee has placed his or her signature hereon, effective
as  of  the  Date  of  Grant.

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                                Crescent Communications, Inc.

                                By:
                                     ------------------------------------------
                                     Manfred Sternberg, Chief Executive Officer

                                     Grantee:

                                     ------------------------------------------
                                     Luke Richards

                                        5THESE  WARRANTS  AND  THE  SHARES  OF  COMMON STOCK THAT MAY BE PURCHASED ON THE
EXERCISE  HEREOF  HAVE  NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED,  OR  ANY STATE SECURITIES LAWS. THESE WARRANTS AND THE SHARES OF COMMON
STOCK  THAT  MAY  BE PURCHASED ON THE EXERCISE HEREOF ARE BEING OFFERED AND SOLD
FOR  INVESTMENT.  EXCEPT  AS PROVIDED IN SECTION 7(b) HEREOF, THESE WARRANTS MAY
NOT  BE TRANSFERRED. THE SHARES OF COMMON STOCK ISSUED OR ISSUABLE UPON EXERCISE
OF  THESE  WARRANTS  ARE  SUBJECT  TO  THE RESTRICTIONS ON TRANSFER SET FORTH IN
SECTION  4  OF  THIS  WARRANT.

IW NO. 1

                              BLUEGATE CORPORATION

                          WARRANTS FOR THE PURCHASE OF
                            SHARES OF COMMON STOCK OF
                              BLUEGATE CORPORATION
                             (A NEVADA CORPORATION)

                  VOID AFTER 5:00 P.M., CENTRAL STANDARD TIME,
                              ON FEBRUARY 15, 2008

     Bluegate Corporation, a Nevada corporation (the "Company") hereby certifies
that  Platinum  Partners  Global  Macro  Fund,  LP, (together with his permitted
assigns,  the  "Registered  Holder"),  is the holder of 100,000 of the Company's
Warrants  (singly, a "Warrant," and collectively, the "Warrants") thus entitling
him,  subject to the terms set forth below, to purchase from the Company, at any
time  or  from  time  to  time  on  or  after February 15, 2005 and on or before
February 15, 2008 at not later than 5:00 p.m. (Central Standard Time), one share
of  Common  Stock of the Company ("Common Stock") for each Warrant at a purchase
price  of  $1.00  per share. The number of shares purchasable upon exercise of a
Warrant,  and  the  purchase price per share, each as adjusted from time to time
pursuant to the provisions of this Warrant Certificate, are hereinafter referred
to  as  the  "Warrant  Stock"  and  the  "Purchase  Price",  respectively.

1.   Period of Exercise.

     (a)     This Warrant Certificate may be exercised by the Registered Holder,
in whole or in part, by surrendering this Warrant Certificate, with the purchase
form  appended  hereto  as Exhibit A duly executed by such Registered Holder, at
the  principal  office  of the Company, or at such other office or agency as the
Company  may  designate,  accompanied  by  payment in full, by bank or certified
check  in  lawful  money  of the United States, of the Purchase Price payable in
respect  of  the number of shares of Warrant Stock purchased upon such exercise.

     (b)     Each  exercise  of  a Warrant shall be deemed to have been effected
immediately  prior  to  the  close  of business on the day on which this Warrant
Certificate shall have been surrendered to the Company as provided in subsection
I(a)  above.  At  such  time,  the  person or persons in whose name or names any
certificates  for Warrant Stock shall be issuable upon such exercise as provided

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in subsection l(c) below shall be deemed to have become the holder or holders of
record of the Warrant Stock represented by such certificates.

     (c)  As  soon  as  practicable  after the exercise of a Warrant, and in any
event within ten (10) days thereafter, the Company at its expense shall cause to
be  issued  in the name of, and delivered to, the Registered Holder, or, subject
to  the  terms  and conditions hereof, as the Registered Holder (upon payment by
the  Registered  Holder  of  any  applicable  transfer  taxes)  may  direct:

          (i)     a certificate or certificates for the number of full shares of
Warrant  Stock  to  which  such  Registered  Holder  shall be entitled upon such
exercise  plus,  in lieu of any fractional share to which such Registered Holder
would  otherwise be entitled, cash in an amount determined pursuant to Section 3
hereof,  and

          (ii)     in  case  such  exercise  is  in  part only, a new warrant or
warrants  (dated the date hereof) of like tenor, calling in the aggregate on the
face  or  faces thereof for the number of shares of Warrant Stock equal (without
giving effect to any adjustment therein) to the number of such shares called for
on  the  face  of  this  Warrant  Certificate  minus  the  number of such shares
purchased  by the Registered Holder upon such exercise as provided in subsection
1(a) above.

2.   Adjustments.

     (a)     If  the  outstanding  shares of the Company's Common Stock shall be
subdivided  into  a greater number of shares or a dividend in Common Stock shall
be  paid  in  respect  of Common Stock, the Purchase Price in effect immediately
prior  to  such  subdivision  or  at  the  record  date  of  such dividend shall
simultaneously  with  the effectiveness of such subdivision or immediately after
the  record date of such dividend be proportionately reduced. If the outstanding
shares  of  Common  Stock shall be combined into a smaller number of shares, the
Purchase  Price  in  effect  immediately  prior  to  such  combination  shall,
simultaneously  with  the  effectiveness of such combination, be proportionately
increased. When any adjustment is required to be made in the Purchase Price, the
number  of  shares  of  Warrant Stock purchasable upon the exercise of a Warrant
shall be changed to the number determined by dividing (i) an amount equal to the
number  of  shares  issuable upon the exercise of a Warrant immediately prior to
such adjustment, multiplied by the Purchase Price in effect immediately prior to
such  adjustment,  by  (ii)  the Purchase Price in effect immediately after such
adjustment.

     (b)     If there shall occur any capital reorganization or reclassification
of the Company's Common Stock (other than a change in par value or a subdivision
or  combination  as provided for in subsection 2(a) above), or any consolidation
or  merger of the Company with or into another corporation, or a transfer of all
or  substantially  all  of  the  assets  of  the  Company,  or  the payment of a
liquidating  distribution  then,  as  part  of  any  such  reorganization,
reclassification,  consolidation,  merger,  sale  or  liquidating  distribution,
lawful  provision  shall  be  made so that the Registered Holder of this Warrant
Certificate  shall have the right thereafter to receive upon the exercise hereof
(to  the  extent,  if  any,  still exercisable) the kind and amount of shares of
stock  or  other  securities or property which such Registered Holder would have
been  entitled  to  receive  if,  immediately  prior to any such reorganization,
reclassification,  consolidation,  merger,  sale or liquidating distribution, as

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the  case may be, such Registered Holder had held the number of shares of Common
Stock  which  were  then purchasable upon the exercise of a Warrant. In any such
case, appropriate adjustment (as reasonably determined by the Board of Directors
of  the  Company)  shall  be made in the application of the provisions set forth
herein  with  respect  to  the rights and interests thereafter of the Registered
Holder  of  this  Warrant Certificate such that the provisions set forth in this
Section  2  (including  provisions  with  respect  to adjustment of the Purchase
Price)  shall  thereafter be applicable, as nearly as is reasonably practicable,
in  relation  to  any shares of stock or other securities or property thereafter
deliverable  upon  the  exercise  of  a  Warrant.

     (c)     In any case  in  which  this  Section  2  shall  require  that  any
adjustment  in the number of shares of Warrant Stock or other property for which
a Warrant may be exercised be made effective as of a record date for a specified
event, the Company may elect to defer until the occurrence of such event issuing
to the Registered Holder the amount of Warrant Stock and other property, if any,
issuable  upon  exercise  of  a  Warrant after such record date that is over and
above  the Warrant Stock and other property, if any, issuable upon exercise of a
Warrant  as  in  effect prior to such adjustment; provided that upon request the
Company  shall  deliver to the Registered Holder a due bill or other appropriate
instrument  evidencing  the Registered Holder's right to receive such additional
shares  or  property upon the occurrence of the event requiring such adjustment.

     (d)     When any  adjustment  is required to be made in the Purchase Price,
the  Company  shall promptly mail to the Registered Holder a certificate setting
forth  the  Purchase  Price  after  such  adjustment  and  setting forth a brief
statement  of  the  facts requiring such adjustment. Such certificate shall also
set forth the kind and amount of stock or other securities or property for which
a  Warrant  shall  be  exercisable following the occurrence of any of the events
specified in subsection 2(a) or 2(b) above.

3.   Fractional Shares.

     The  Company  shall not be required upon the exercise of a Warrant to issue
any  fractional  shares,  but  shall  make an adjustment therefor in cash on the
basis of the mean between the low bid and high asked prices of the Warrant Stock
on the OTC Bulletin Board, or the mean between the low bid and high asked prices
of  the Warrant Stock on the over-the-counter market as reported by the National
Association  of Securities Dealers Automated Quotations ("NASDAQ") System or the
closing  market  price of the Warrant Stock on a national securities exchange on
the  trading  day  immediately  prior  to  the  date  of  exercise, whichever is
applicable, or if none is applicable, then on the basis of the then market value
of the Warrant Stock as shall be reasonably determined by the Board of Directors
of  the  Company.

4.   Limitation on Sales.

     (a)  The  Registered  Holder,  and  each  subsequent holder of this Warrant
Certificate,  if  any, acknowledges that the Warrants and the Warrant Stock have
not  been  registered  under  the  Securities  Act  of  1933, as now in force or
hereafter  amended,  or any successor legislation (the "Act"), and agrees not to
sell,  pledge,  distribute, offer for sale, transfer or otherwise dispose of any
of  the Warrants or the Warrant Stock issued upon its exercise in the absence of
(i)  an  effective

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<PAGE>
registration  statement  under the Act as to a Warrant or such Warrant Stock and
registration  or  qualification  of  a  Warrant  or such Warrant Stock under any
applicable  blue  sky or state securities law then in effect, or (ii) an opinion
of  counsel,  satisfactory  to  the  Company,  that  such  registration  and
qualification  are  not  required.  Without  limiting  the  generality  of  the
foregoing,  unless  the offering and sale of the Warrant Stock to be issued upon
the  particular  exercise  of  a  Warrant shall have been effectively registered
under  the  Act, the Company shall be under no obligation to issue the shares or
warrants  covered  by such exercise unless and until the Registered Holder shall
have  executed  an  investment  letter in form and substance satisfactory to the
Company,  including a warranty at the time of such exercise that he is acquiring
such  shares or warrants for his own account, for investment and not with a view
to,  or  for  sale  in  connection  with, the distribution of any such shares or
warrants,  in which event the Registered Holder shall be bound by the provisions
of a legend to such effect on the certificate(s) representing the Warrant Stock.
In  addition,  without limiting the generality of the foregoing, the Company may
delay  issuance of the Warrant Stock until completion of any action or obtaining
of  any  consent,  which  the  Company believes necessary or advisable under any
applicable  law  (including  without  limitation  state securities or "blue sky"
laws).

     (b)  The  Registered  Holder agrees, and each other holder of Warrant Stock
agrees,  if  requested  by  the  Company  and/or  the  representative  of  the
underwriters  underwriting  an  offering of Common Stock (or other securities of
the  Company) from time to time, not to sell or otherwise transfer or dispose of
any  Warrant  Stock  then held by the Registered Holder and/or such other holder
during  such  period  of  time  following the effective date of any registration
statement of the Company filed under the Act for the period of time with respect
to  which  a majority of the executive officers of the Company agree not to sell
shares  of  Common  Stock  (or  other securities of the Company). Such agreement
shall  be  in  writing  in  a  form  satisfactory  to  the  Company  and  such
representative.  The  Company may impose stop-transfer instructions with respect
to  the Warrant Stock subject to the foregoing restriction until the end of such
period.

5.   Reservation of Stock.

     The  Company  shall  at  all  times  reserve and keep available, solely for
issuance  and  delivery  upon  the exercise of a Warrant, such shares of Warrant
Stock  and  other  stock, securities and property, as from time to time shall be
issuable  upon  the  exercise  of  a  Warrant.

6.   Replacement of Warrant Certificates.

     Upon  receipt  of  evidence  reasonably  satisfactory to the Company of the
loss,  theft,  destruction or mutilation of this Warrant Certificate and (in the
case  of  loss,  theft  or  destruction) upon delivery of an indemnity agreement
(with surety if reasonably required) in an amount reasonably satisfactory to the
Company,  or (in the case of mutilation) upon surrender and cancellation of this
Warrant  Certificate,  the  Company  shall issue, in lieu thereof, a new Warrant
Certificate  of  like  tenor.

7.   Transfers, etc.

     Subject to Section 4 above:

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<PAGE>
     (a)     The Company shall maintain a  register  containing  the  names  and
addresses  of the Registered Holders of this Warrant Certificate. The Registered
Holder may change his address as shown on the warrant register by written notice
to  the  Company  requesting  such  change.

     (b)     This  Warrant  Certificate  shall  not  be  transferable  by  the
Registered  Holder  and  shall  be  exercisable  only  by the Registered Holder;
provided  that  this  Warrant  Certificate  may  be  transferred  to, and may be
exercisable  by,  provided  that  this Warrant may be transferred to, and may be
exercisable  by,  the  Registered  Holder's  spouse,  the  Registered  Holder's
naturally  born  or  legally  adopted  heirs  or their issue, or a trust for the
benefit of any of the foregoing persons, or to and by any family planning entity
herebefore  or  hereafter established by the Registered Holder or any company or
entity  that  directly,  or  indirectly  through  one or more intermediaries, is
controlled  by,  or is under common control with, the Registered Holder. Subject
to  the  foregoing,  this  Warrant Certificate shall not be assigned, pledged or
hypothecated in any way (whether by operation of law or otherwise) and shall not
be subject to execution, attachment or similar process without the prior written
consent  of  the  Company.  Any  attempted  transfer,  assignment,  pledge,
hypothecation  or other disposition of this Warrant Certificate or of any rights
granted  hereunder  contrary to the provisions of this Section 7, or the levy of
any  attachment or similar process upon this Warrant Certificate or such rights,
shall  be  null  and  void.

     (c)     Until  any  transfer  of  this  Warrant  Certificate is made in the
warrant  register,  the  Company may treat the Registered Holder of this Warrant
Certificate  as  the  absolute owner hereof for all purposes; provided, however,
that  if  and  when  this Warrant Certificate is properly assigned in blank, the
Company  may  (but  shall  not  be  obligated to) treat the bearer hereof as the
absolute  owner  hereof  for  all  purposes,  notwithstanding  any notice to the
contrary.

8.   Mailing of Notices, etc.

     All  notices  and  other  communications from the Company to the Registered
Holder  of  this  Warrant shall be mailed by first-class certified or registered
mail, postage prepaid, to the address furnished to the Company in writing by the
last  Registered  Holder of this Warrant Certificate who shall have furnished an
address to the Company in writing. All notices and other communications from the
Registered  Holder  of this Warrant Certificate or in connection herewith to the
Company  shall  be  mailed  by first-class certified or registered mail, postage
prepaid,  to  the  Company  at  its offices at 701 N. Post Oak Blvd., Suite 630,
Houston,  Texas  77024, or such other address as the Company shall so notify the
Registered  Holder.

9.   No Rights as Stockholder.

     Until  the  exercise  of  a  Warrant, the Registered Holder of this Warrant
Certificate  shall  not  have  or  exercise  any  rights  by  virtue hereof as a
stockholder  of  the  Company.

10.  Change or Waiver.

     Any  term  of  this Warrant Certificate may be changed or waived only by an
instrument  in

                                        5
<PAGE>
writing signed by the party against which enforcement of the change or waiver is
sought.

11.  Headings.

     The headings in this Warrant Certificate are for purposes of reference only
and  shall  not  limit  or otherwise affect the meaning of any provision of this
Warrant  Certificate.

12.  Governing Law.

     THIS  WARRANT  CERTIFICATE  WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH  THE  LAWS  OF  THE  STATE  OF  TEXAS.

     IN  WITNESS  WHEREOF,  the  undersigned has set his hand hereunto as of the
15th day of February, 2005.

                                        BLUEGATE CORPORATION

                                        By:  /s/  Manfred Sternberg
                                           -------------------------------------
                                             Manfred Sternberg,
                                             Chief Executive Officer

                                        6
<PAGE>
                                    EXHIBIT A

                                  PURCHASE FORM

Bluegate Corporation
701 N. Post Oak Blvd., Suite 630
Houston, Texas 77024

Gentlemen:

     The  undersigned  pursuant  to  the  provisions  set  forth in the attached
Warrant Certificate hereby irrevocably elects to purchase _________shares of the
Common  Stock  (the  "Common  Stock")  covered  by  such Warrant Certificate and
herewith  makes payment of $______________, representing the full purchase price
for such shares at the price per share provided for in such Warrant Certificate.

     The  undersigned understands and acknowledges the terms and restrictions on
the  right  to transfer or dispose of the Common Stock set forth in Section 4 of
the  attached Warrant Certificate, which the undersigned has carefully reviewed.
The  undesigned  consents  to the placing of a legend on his certificate for the
Common  Stock  referring  to  such restrictions and the placing of stop transfer
orders until the Common Stock may be transferred in accordance with the terms of
such  restrictions.

                                             By:
                                                -------------------------------

                                             Name:
                                                  -----------------------------

                                             Title:
                                                   ----------------------------

                                             Dated:
                                                   ----------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]