Document:

April 4, 2003

ChampionLyte Products, Inc.
2999 Northeast 191st Street, Penthouse Two
Aventura, Florida, 33180

Re: lssuance & Exchange Agreement

To Whom it may concern:

This letter shall memorialize our oral understandings regarding the issuance and
subsequent registration of shares by ChampionLyte Products, Inc. (the "Company")
to and on behalf of ChampionLyte Asset Acquisition Corp. ("CLAA").

WHEREAS  the  Company  engaged a number of  corporate  communication  firms (the
"Firms")  to  disseminate  the  Company's  news  and  information  to  potential
investors and;

WHEREAS  the   compensation  to  these  Firms  require  the  Company  to  tender
unrestricted shares of common stock and;

WHEREAS thc Company does not have any capacity to issue  unrestricted  shares in
the absence of an effective registration statement and;

WHEREAS CLAA and its investors own  convertible  preferred  stock in the Company
that converts into unrestricted shares of the Company's common stock and;

WHEREAS  CLAA and its  investors  will agree to use its  shares to  fulfill  the
Company's  obligations under the Agreements with the Firms and the Company shall
exchange  such shares for newly  issued  shares of the  Company's  common  stock
subject to the terms and conditions contained herein;

THEREFORE the Company and CLAA have agreed as follows:

     1.   CLAA will convert  such  preferred  shares as  necessary  into 500,000
          shares of  unrestricted  common stock of the Company for its Agreement
          with Liberty Consulting International, Inc., and Josh Ader.

     2.   CLAA will convert  such  preferred  shares as  necessary  into 600.000
          shares o f unrestrictcd  common stock of the Company for its Agreement
          with Momentum Traders Network, Inc., and Mark Malone.

     3.   In  consideration  for  this  the  Company  agrees  to  issue  to CLAA
          1,30O,OOO  shares of restricted  common stock which the Company agrees
          shall be  registered  on an SB-2  Registration  Statement  to bc filed
          within 90 days of the date of this Agreement.

<PAGE>

This Letter  Agreement  constitutes  the entire  Agreement  between CLAA and the
Company and shall not be modified unless such modification occurs in writing and
is acccptcd by both CLAA and the Company.

Agreed and Accepted this ____ day of April, 2003

By:

CHAMPIONLYTE PRODUCTS, INC

/s/ David Getty
--------------------------
Its:

CHAMPIONLYTE ASSET ACQUISITION CORP.

/s/ Raleit Presi
---------------------------
Its: Vice PresidentCHAMPIONLYTE PRODUCTS, INC.
                       2999 NE 191st Street, Penthouse Two
                             Aventura, Florida 33180

April 7, 2003

Mr. Peter Nasca
Peter Nasca & Associates
2999 NE 191st Street, Penthouse Six
Aventura, Florida 33180

     Re:  Peter Nasca & Associates ("PNA") with Championlyte Products, Inc.
          ("Championlyte")

Dear Mr. Nasca:

The following hereby sets forth the settlement agreement  ("Agreement")  between
PNA and Championlyte:

1.   OBLIGATION:  Championlyte  presently currently has an outstanding  contract
     for  services  with PNA and owes a sum in excess of  $30,000  for  services
     rendered to Championlyte.

1.   SETTLEMENT AND PAYMENT:  Championlyte hereby agrees to issue to PNA 200,000
     shares of its common stock as full  settlement of the  obligation set forth
     in paragraph 1 above. In addition,  Championlyte  shall issue to PNA 50,000
     warrants to purchase  Championlyte  common  stock at $.l0 per share.  These
     warrants  shall  have a  term  of two  years.  The  share  and  the  shares
     underlying the warrants  shall be registered  within sixty days of the date
     of this agreement.  PNA agrees to adhere to lock up (no sale) of the shares
     until 8/1/03 and therafter to leakage  limitations  on sales  equivalent to
     144  restrictions  on sales.  Championlyte  agrees  that  should it seek to
     engage any firm for pub1ic  relations  or the  related  services  that were
     performed by PNA for Championlyte,  it will, re-engage PNA to perform those
     functions.

2.   NOTICE:  All  notices,  requests  and  instructions  hereunder  shall be in
     writing and delivered, to each party at the addresses set forth above or to
     such  other  address  as may  from  time to time be  designated  by a party
     hereto.

3.   SEVERABILITY:  In the event that any term,  covenant,  condition,  or other
     provision  contained  herein  is held  to be  invalid,  void  or  otherwise
     unenforceable by any court of competent jurisdiction, thc invalidity of any
     such term,  covenant,  condition,  provision or  Agreement  shall in no way
     affcct any other term,

<PAGE>

     covenant, condition or provision or Agreement contained herein, which shall
     remain in full force and effect.

4.   ENTIRE AGREEMENT:  This agreerment  contans all of the terms agreed upon by
     the parties with respect to the subject matter  hereof.  This Agreement has
     been entered into after full investigation.

1.   AMENDMENTS:  No amendments or additions to this Agreement  shall be binding
     unless in  writing,  signed by both  parties,  except as herein  otherewise
     provided.

2.   NO ASSIGNMENTS:  Neither party may assign nor delegate any of its rights or
     obligations  hereunder  without first  obtaining the written consent of the
     other party

Please sign below to ackowledge the terms of this Agreement.

Very truly yours,

CHAMPIONLYTE PRODUCTS, lNC.

By: /s/ David Goldberg
   ---------------------
   DAVE GOLDBERG
   PRESIDENT

THE TERMS AS SET FORTH ABOVE ARE AGREEABLE AND ACCEPTABLE BY:

By: /s/ Peter Nasca
   ---------------------
    PETER NASCACONSULTING AGREEMENT

This Consulting Agreement ("Agreement") is to be effective as of the 20th day of
April, 2003, by and between ChampionLyte Holdings, Inc., ("Company"), and Chris
Knapp ("Consultant"), an individual doing business as, Chris Knapp.

For the purposes of this Agreement. either of the above shall be referred to as
a "Party" and collectively as the "Parties".

The Parties hereby agree as
follows:

APPOINTMENT OF Chris Knapp. Company hereby appoints Consultant and Consultant
hereby agrees to render services to Company as a Marketing and Sales
Representative.

SERVICES. During the term of this Agreement, Consultant shall
provide advice to undertake for and consult with the Company concerning
management of sales and marketing resources, consulting, strategic planning,
corporate organization and structure, financial matters In connection with the
operation of the businesses of the Company, expansion of services, acqulsitions
and business opportunitles, and shall review and advise the Company regarding
its and his overall progress, needs, and condition. Consultant agrees to provide
on a timely basis the following enumerated services plus any additional services
contemplated thereby:

The implementation of short-range and long-term strategic planning to fully
    develop and enhance the Company's assets, resources, products, and services;

The implementation of a marketing program to enable the Company to broaden the
markets for its Services and promote the image of the Company and its products
and services;

Advise the Company relative to the recruitment and employment of key executives
consistent with tho expansion of operations of the Company.

The identification, evaluation, structuring, negotiating. and closing of joint
ventures, strategic alliances, business acquisitlons, and advise with regard to
the ongolng managing and operating of such acquisitions upon consummation
thereof; and Advise and recommendations regarding corporate financing including
the structures, terms, and content of bank loans, institutional loans, prlvate
debt funding.

TERM. The term ("Term") of this Consulting Agreement shall be for a period of
three (3) months commencing on the date hereof.

COMPENSATION. See Exhibit "A".

CONFIDENTIALITY. Consultant will not disclose to any other person, firm or
corporation, nor use for its own benefit. during or after the Term of this
Consulting Agreement, any trade secrets or other information deslgnated as
confidential by Company which is acquired by Consultant in the course of
performing servlces hereunder. Any financial advice rendered by Consultant
pursuant to this Consulting Agreement may not be disclosed In any manner without
the prior written approval of Company.

INDEMNIFCATION, Company. its agents or assigns hereby agree to indemnify and
hold Consultant harmless from and against all losses, claims, damages,
liabilities. costs or expenses (including reasonable attorney's fees,
collectively the "Liabilities"), joint and several, arising from the performance
of this Consulting Agreement, whether or not Consultant is palty to such
dispute.

INDEPENDENT CONTRACTOR. Consultant and Company hereby
acknowledge that Consultant is an independent contractor. Consultant shall not
hold itself out as, nor shall it take any action from which others mlght infer
that it is an agent of or a joint venture of Company.

MISCELLANEOUS. This Consultlng Agreement sets forth the entire understanding of
the Parties relating to the subject matter hereof, and supersedes and cancels
any prior communicatlons, understandings and agreements between the Parties.
This Consulting Agreement is non- exclusive and cannot be modified or changed,
nor can any of its provisions be waived, except by written agreement signed by
ail Parties.

NOTICES. Any notice required or permitted hereunder shall be given in
writing (unless otherwise specified herein) and shall be daemed effectively
given upon personal delivery or seven business days after deposit in the United
States Postal Service, by (a) advance copy by fax, (b) mailing by express
courier or registered or certlRed mail with postage and fees prepaid. addressed
to each of the other Parties thereunto entitled at the followlng addresses, or
at such other addresses as a Party may designate by ten days advance written
notice to each of the other Parties at the addresses above and to the attention
of the persons that hava signed below.

Please confirm that the foregoing sets forth our understanding by signing the
enclosed copy of this Consulting Agreement where provided and returning it to me
at your earliest convenience.

All Parties signing below do so with full authority:

Party Receiving Services: Party Providing Services:

ChamnpionLyte Holdings, Inc              Chris Knapp, an individual

/s/ Dave Goldberg                        /s/ Chris Knapp
--------------------------------         -----------------------------
By: Dave Goldberg, President             Chris Knapp, an individual

<PAGE>

                                 EXHIBIT " A "

Payment for Services:

A. For the servlces rendered and performed by Chris Knapp during the term of
this Agreement, Company shall, upon acceptance of this Agreement: Pay to Chris
Knapp five hundred thousand (500,000) free-trading shares of CPLY stock for
three (3) months of service.

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