Document:

Exhibit 4.2

                                ESCROW AGREEMENT

         This Escrow Agreement (the "Agreement") is made by and between City
National Bank, a national banking association, with its principal office located
at 1950 Avenue of the Stars, 2nd Floor, Los Angeles, California 90067 (the
"Escrow Agent"), and SRKP 2, Inc., a Delaware corporation, with its principal
office located at 1900 Avenue of the Stars, Suite 310, Los Angeles, California
90067 (the "Issuer").

                              W I T N E S S E T H :

         WHEREAS, the Issuer has filed with the Securities and Exchange
Commission (the "Commission"), Washington, D.C., an SB-2 Registration Statement,
as amended (the "Registration Statement"), and related Prospectus, File No.
333-___________, in connection with an initial public offering of the Issuer's
securities, comprising 700,000 shares of the Issuer's common stock to be sold at
a price of $0.17 per share (the "Securities");

         WHEREAS, the Issuer proposes to offer the Securities to the public on a
"best efforts, all or none" basis as set forth in the Registration Statement;

         WHEREAS, the Issuer proposes to establish an escrow account (the
"Escrow Account"), to which subscription funds which are received by the Escrow
Agent in connection with such public offering are to be credited, and the Escrow
Agent is willing to establish the Escrow Account on the terms and subject to the
conditions hereinafter set forth; and

         WHEREAS, the Escrow Agent will establish an Escrow Account into which
the subscription funds, which are received by the Escrow Agent and credited to
the Escrow Account, are to be deposited.

         NOW, THEREFORE, for and in consideration of the promises and mutual
covenants herein contained, and other valuable consideration, the parties hereto
hereby agree as follows:

1.0      The Registration Statement.

         1.1      The Issuer has filed the Registration Statement with the
                  Commission and is included herein as Exhibit A to this
                  Agreement, and is made a part hereof.

2.0      Establishment of the Escrow Account.

         2.1      The Issuer shall initially establish a non-interest bearing
                  Escrow Account at the Escrow Agent. The purpose of the Escrow
                  Account is for (a) the deposit of all subscription funds
                  (checks or wire transfers) which are received by the Issuer
                  from prospective purchasers of the Securities and are
                  delivered by the Issuer to the Escrow Agent; (b) the holding
                  of amounts of subscription funds which are collected through
                  the banking system; and (c) the disbursement of collected
                  funds, all as described herein. The Escrow Agent will hold all
                  monies and other property in the Escrow Account free from any
                  lien, claim or offset, except as set forth herein, and such
                  monies and other property shall not become the property of the
                  Company, nor subject to the debts thereof, unless the
                  conditions set forth in these instructions to disbursement of
                  such monies to the Company have been fully satisfied.

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         2.2      On or before the date of the initial deposit in the Escrow
                  Account pursuant to this Agreement, the Issuer shall notify
                  the Escrow Agent in writing of the effective date (the
                  "Effective Date") of the Registration Statement, and the
                  Escrow Agent shall not be required to accept any amounts for
                  credit to the Escrow Account or for deposit in the Escrow
                  Account prior to its receipt of such notification.

         2.3      The offering period (the "Offering Period"), which shall be
                  deemed to commence on the Effective Date, shall be for a
                  period of up to 180 days. The Offering Period shall be less
                  than 180 days if the Issuer sells all Securities for a total
                  consideration of $119,000. The last day of the Offering
                  Period, which is either 180 days from the Effective Date or
                  the date on which the Issuer sells all Securities for a total
                  consideration of $119,000, whichever occurs first, is also
                  referred to herein as the "Termination Date." Except as
                  provided in Section 4.3 hereof, after the Termination Date,
                  the Issuer shall not deposit, and the Escrow Agent shall not
                  accept, any additional amounts representing payments by
                  prospective purchasers.

         2.4      If the Escrow Account remains open following the Termination
                  Date in accordance with Article 4 below, the Fund (as defined
                  in Section 3.5 below) shall be placed in a money market
                  investment account bearing interest at the Escrow Agent's then
                  applicable rate; provided, however, that no interest shall
                  accrue until the Escrow Agent has received an IRS Form W-9
                  completed and executed by the Company.

3.0      Deposits to the Escrow Account.

         3.1      The Issuer shall promptly deliver to the Escrow Agent all
                  funds which it receives from prospective purchasers of the
                  Securities, which funds shall be in the form of checks or wire
                  transfers. Upon the Escrow Agent's receipt of such funds, they
                  shall be credited to the Escrow Account. All checks delivered
                  to the Escrow Agent shall be made payable to the "City
                  National Bank/SRKP 2, Inc.'s Escrow Account." Any checks
                  payable other than to the Escrow Agent as required hereby
                  shall be returned to the prospective purchaser.

         3.2      Promptly after receiving subscription funds as described in
                  Section 3.1, the Escrow Agent shall deposit the same into the
                  Escrow Account. Amounts of funds so deposited are hereinafter
                  referred to as "Escrow Amounts." The Escrow Agent shall cause
                  to process all Escrow Amounts for collection through the
                  banking system. Simultaneously with each deposit to the Escrow
                  Account, the Issuer shall inform the Escrow Agent in writing
                  of the name, address and social security number of the
                  prospective purchaser, the amount of Securities subscribed for
                  by such purchaser, and the aggregate dollar amount of such
                  subscription (collectively, the "Subscription Information").

                                  Page 2 of 9
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         3.3      The Escrow Agent shall not be required to accept for credit to
                  the Escrow Account checks which are not accompanied by the
                  appropriate Subscription Information. Wire transfers and cash
                  representing payments by prospective purchasers shall not be
                  deemed deposited in the Escrow Account until the Escrow Agent
                  has received in writing the Subscription Information required
                  with respect to such payments.

         3.4      The Escrow Agent shall not be required to accept in the Escrow
                  Account any amounts representing payments by prospective
                  purchasers, whether by check, or wire, except during the
                  Escrow Agent's regular business hours.

         3.5      Only those Escrow Amounts, which have been deposited in the
                  Escrow Account and which have cleared the banking system and
                  have been collected by the Escrow Agent, are herein referred
                  to as the "Fund."

         3.6      If the proposed offering is terminated before the Termination
                  Date, the Escrow Agent shall refund any portion of the Fund
                  prior to disbursement of the Fund in accordance with Article 4
                  hereof upon instructions in from the Issuer.

4.0      Disbursement from the Escrow Account.

         4.1      Subject to Section 4.3 below, if by the close of regular
                  banking hours on the Termination Date the Escrow Agent
                  determines that the amount in the Fund is less than $119,000,
                  then the Escrow Agent shall promptly refund to each
                  prospective purchaser the amount of payment received from such
                  purchaser which is then held in the Fund or which thereafter
                  clears the banking system, without interest thereon or
                  deduction therefrom, by drawing checks on the Escrow Account
                  for the amounts of such payments and mail them to the
                  purchasers. In such event, the Escrow Agent shall promptly
                  notify the Issuer of its distribution of the Fund. If the Fund
                  is equal to $119,000, the Escrow Account shall remain open
                  beyond the Termination Date in accordance with Section 4.2
                  below.

         4.2      If the Escrow Account remains open beyond the Termination
                  Date, the Issuer must satisfy the following conditions:

         within five (5) business days after the effective date of the
post-effective amendment, the Issuer shall send by first class mail to each
purchaser of securities held in escrow, a copy of the prospectus contained in
the post-effective amendment and any amendment or supplement thereto;

                                  Page 3 of 9
<PAGE>

         each purchaser shall have no fewer than twenty (20) business days and
no more than forty-five (45) business days from the effective date of the
post-effective amendment to notify the Issuer in writing that the purchaser
elects to remain an investor. If the Issuer has not received such written
notification by the forty-fifth (45th) business day following the Effective Date
of the post-effective amendment, funds and interest held in escrow shall be sent
by first class mail or other equally prompt means to the purchasers within five
(5) business days; an acquisition described in the post-effective amendment will
be consummated if a sufficient number of purchasers confirm their investment
with the Issuer; and if an acquisition has not been consummated by the Issuer
within eighteen (18) months after the Effective Date of the Registration
Statement, funds and interest held in escrow shall be returned by first class
mail to the purchasers with five (5) business days following that date. It shall
be the responsibility of the Issuer to notify the Escrow Agent if any of the
above conditions are not timely satisfied. Additionally, it shall be the
Issuer's responsibility to timely provide instructions to the Escrow Agent with
respect to interest calculations prior to release of funds and interest to the
purchasers in accordance with the terms of this Section 4.2.

         Funds held in the Escrow Account may be released to the Issuer and
Securities may be delivered to the purchasers only at the same time as or after:

         the Escrow Agent has received a signed representation from the Issuer
that the requirements of paragraphs (e)(1) and (e)(2) of Rule 419 have been met;
and

         the Escrow Agent has received a signed representation from the Issuer
that the requirements of paragraph (e)(2)(iii) of Rule 419 have been met.

         The Issuer shall be liable for any misrepresentations made to the
Escrow Agent with respect to this Section 4.2 and the Issuer agrees to indemnify
the Escrow Agent for any claims made by purchasers with respect to this Section
4.2 in accordance with Article 5 below; provided, however, the Issuer shall not
be responsible for the Escrow Agent's failure to timely release funds and
interest to the purchasers upon receipt of instructions from the Issuer.

         4.3      If the Escrow Agent has on hand at the close of business on
                  the Termination Date any uncollected amounts which when added
                  to the Fund would raise the amount in the Fund to the minimum
                  offering amount, and result in the Fund representing the sale
                  of the minimum offering amount, consisting of the number of
                  business days set forth in the Registration Statement, shall
                  be utilized to allow such uncollected funds to clear the
                  banking system.

         4.4      Upon disbursement of the Fund pursuant to the terms of this
                  Article 4, the Escrow Agent shall be relieved of all further
                  obligations and released from all liability under this
                  Agreement. It is expressly agreed and understood that in no
                  event shall the aggregate amount of payments made by the
                  Escrow Agent exceed the amount of the Fund.

5.0      Rights, Duties And Responsibilities of the Escrow Agent;
         Indemnification.

         5.1      The Escrow Agent shall notify the Issuer on a regular basis of
                  the escrow amounts which have been deposited in the Escrow
                  Account and of the amounts, constituting the Fund, which have
                  cleared the banking system and have been collected by the
                  Escrow Agent.

         5.2      The Escrow Agent shall not be responsible for or be required
                  to enforce any of the terms or conditions of the Agreement
                  with respect to the Issuer.

                                  Page 4 of 9
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         5.3      The Escrow Agent shall not be required to accept from the
                  Issuer any subscription information pertaining to prospective
                  purchasers unless such Subscription Information is accompanied
                  by checks or wire transfers meeting the requirement of Section
                  3.1, nor shall the Escrow Agent be required to keep records of
                  any information with respect to payments deposited by the
                  Issuer, except as to the amount of such payments; however, the
                  Escrow Agent shall notify the Issuer within a reasonable time
                  of any discrepancy between the amount set forth in any
                  subscription information and the amount delivered to the
                  Escrow Agent therewith. Such amount need not be accepted for
                  deposit in the Escrow Agent until such discrepancy has been
                  resolved.

         5.4      The Escrow Agent shall be under no duty or responsibility to
                  enforce collection of any check delivered to it hereunder. The
                  Escrow Agent, within a reasonable time, shall return to the
                  Issuer any check received which is dishonored, together with
                  the Subscription Information which accompanied such check.

         5.5      The Escrow Agent shall be entitled to rely upon the accuracy,
                  act in reliance upon the contents, and assume the genuineness
                  of any notice, instruction, certificate, signature, instrument
                  or other document which is given to the Escrow Agent by the
                  Issuer pursuant to this Agreement without the necessity of the
                  Escrow Agent verifying the truth or accuracy thereof. The
                  Escrow Agent shall not be obligated to make any inquiry as to
                  the authority, capacity, existence or identity of any person
                  purporting to give any such notice or instructions or to
                  execute any such certificate, instrument or other document.

         5.6      If the Escrow Agent is uncertain as to its duties or rights
                  hereunder or shall receive instructions with respect to the
                  Escrow Account, the escrow amounts of the Fund which, in its
                  sole determination, are in conflict either with other
                  instructions received by it or with any provision of this
                  Agreement, it shall be entitled to hold the escrow amounts,
                  the Fund or a portion thereof, in the Escrow Account pending
                  the resolution of such uncertainty to the Escrow Agent's sole
                  satisfaction, by final judgment of a court of competent
                  jurisdiction or otherwise; or the Escrow Agent, at its sole
                  option, may deposit with the clerk of a court of competent
                  jurisdiction in a proceeding to which all parties in interest
                  are joined. Upon the deposit by the Escrow Agent of the Fund
                  with the clerk of any court, the Escrow Agent shall be
                  relieved of all further obligations and released from all
                  liability hereunder.

         5.7      The Escrow Agent shall not be liable for any action taken or
                  omitted hereunder, or for the misconduct of any employee,
                  agent or attorney appointed by it, except in the case of
                  willful misconduct or gross negligence. The Escrow Agent shall
                  be entitled to consult with counsel of its own choosing and
                  shall not be liable for any action taken, suffered or omitted
                  by it in accordance with the advice of such counsel.

         5.8      The Escrow Agent shall have no responsibility at any time to
                  ascertain whether or not any security interest exists in the
                  escrow amounts, the Fund or any part thereof or to file any
                  financing statement under the Uniform Commercial Code with
                  respect to the Fund or any part thereof.

                                  Page 5 of 9
<PAGE>

         5.9      The Issuer agrees to indemnify the Escrow Agent and its
                  officers, directors, employees, agents, and shareholders
                  (jointly and severally, the "Indemnitees") against, and hold
                  them harmless of and from, any and all losses, liabilities,
                  costs, damages, and expenses, including, but not limited to,
                  reasonable fees and disbursements for counsel of its own
                  choosing (collectively, "Liabilities"), that the Indemnitees
                  may suffer or incur and which arise out of or relate to this
                  Agreement or any transaction to which this Agreement relates,
                  unless such Liability is the result of the willful misconduct
                  or gross negligence of the Indemnitees.

         5.10     If the indemnification provided for in this Section 5 is
                  applicable but is held to be unavailable, the Issuer shall
                  contribute such amounts as are just and equitable to pay or to
                  reimburse the Indemnitees for the aggregate of any and all
                  Liabilities actually incurred by the Indemnitees as a result
                  of or in connection with any amount paid in settlement of any
                  action, claim, or proceeding arising out of or relating in any
                  way to any actions or omissions of the Issuer.

         5.11     The provisions of this Section 5 shal1 survive any termination
                  of this Agreement, whether by disbursement of the Fund,
                  resignation of the Escrow Agent, or otherwise.

6.0      Interpleader.

         6.1      In the event conflicting demands are made or notices served
                  upon the Escrow Agent with respect to the Escrow Account, the
                  Escrow Agent shall have the absolute right at its election to
                  do either or both of the following: (a) Withhold and stop all
                  further proceedings in, and performance of, this escrow or (b)
                  File a suit in interpleader and obtain an order from the court
                  requiring the parties to litigate their several claims and
                  rights among themselves. In the event such interpleader suit
                  is brought, the Escrow Agent shall be fully released from any
                  obligation to perform any further duties imposed upon it
                  hereunder, and the Company shall pay the Escrow Agent all
                  costs, expenses and reasonable attorney's fees expended or
                  incurred by Escrow Holder (or allocable to its in-house
                  counsel), the amount thereof to be fixed and a judgment
                  thereof to be rendered by the court in such suit.

7.0      Amendment; Resignation.

         7.1      This Agreement may be altered or amended only with the written
                  consent of the parties hereto. The Escrow Agent may resign for
                  any reason upon fourteen (14) days' written notice to the
                  Issuer. Should the Escrow Agent resign as herein provided, it
                  shall not be required to accept any deposit, make any
                  disbursement or otherwise dispose of the escrow amounts, but
                  its only duty shall be to hold the escrow accounts until they
                  clear the banking system and the Fund for a period of not more
                  than five (5) business days following the effective date of
                  such resignation, at which time (a) if a successor escrow
                  agent shall have been appointed and written notice thereof
                  shall have been given to the resigning escrow agent by the
                  Issuer and such successor escrow agent, then the resigning
                  escrow agent shall pay over to the successor escrow agent the
                  Fund, less any portion thereof previously paid out in
                  accordance with this Agreement; or (b) if the resigning escrow
                  agent shall not have received written notice signed by the
                  Issuer and a successor escrow agent, then the resigning escrow
                  agent shall promptly refund the amount in the Fund to each
                  prospective purchaser, without interest thereon or deduction
                  therefrom, and the resigning escrow agent shall promptly
                  notify the Issuer of its liquidation and distribution of the
                  Fund; whereupon, in either case, the Escrow Agent shall be
                  relieved of all further obligations and released from all
                  liability under this Agreement. Without limiting the
                  provisions of Section 9.1 hereof, the resigning escrow agent
                  shall be entitled to be reimbursed by the Issuer for any
                  expenses incurred in connection with its resignation, transfer
                  of the Fund to a successor escrow agent or distribution of the
                  Fund pursuant to this Section 7.1.

                                  Page 6 of 9
<PAGE>

8.0      Representations and Warranties.

         8.1      The Issuer represents and warrants to the Escrow Agent that no
                  party other than the parties hereto and the prospective
                  purchasers have, or shall have, any claim or security interest
                  in the Fund or any part thereof.

         8.2      No financing statement under the Uniform Commercial Code is on
                  file in any jurisdiction claiming a security interest in or
                  describing the Fund or any part thereof.

         8.3      The Subscription Information submitted with each deposit
                  shall, at the time of submission and at the time of the
                  disbursement of the Fund, be deemed a representation and
                  warranty that such deposit represents a bona fide payment by
                  the purchaser described therein for the amount of Securities
                  set forth in such Subscription Information.

         8.4      All of the information contained in the Registration Statement
                  is, as of the date hereof, and will be, at the time of any
                  disbursement of the Fund, true and correct.

9.0      Fees and Expenses.

         9.1      The Escrow Agent shall be entitled to an acceptance fee of
                  $2,000 and an annual administrative fee of $2,000, payable
                  upon the execution of this Agreement. In addition, the Issuer
                  agrees to reimburse the Escrow Agent for any reasonable fees
                  and expenses incurred in connection with this Agreement, which
                  shall be in accordance with the fee schedule set forth on
                  Exhibit B hereto.

                                  Page 7 of 9
<PAGE>

10.0     Governing Law and Assignment.

         10.1     This Agreement shall be construed in accordance with and
                  governed by the laws of the State of California shall be
                  binding upon the parties hereto and their respective
                  successors and assigns; provided, however, that any assignment
                  or transfer by any party of its rights under this Agreement or
                  with respect to the Fund shall be void as against the Escrow
                  Agent unless (a) written notice thereof shall be given to the
                  Escrow Agent; and (b) the Escrow Agent shall have consented in
                  writing to such assignment or transfer.

11.0     Notices.

         11.1     All notices required to be given in connection with this
                  Agreement shall be sent by registered or certified mail,
                  return receipt requested, or by hand delivery with receipt
                  acknowledged, or by Express Mail service offered by the United
                  States Post Office to the addresses set forth in the beginning
                  of this Agreement or such other address as the parties hereto
                  may designate.

12.0     Severability.

         12.1     If any provision of this Agreement or the application thereof
                  to any person or circumstance shall be determined to be
                  invalid or unenforceable, the remaining provisions of this
                  Agreement or the application of such provision to persons of
                  circumstances other than those to which it is held invalid or
                  unenforceable shall not be affected thereby and shall be valid
                  and enforceable to the fullest extent permitted by law.

13.0     Execution in Several Counterparts; Entire Agreement.

         13.1     This Agreement may be executed in several counterparts or by
                  separate instruments, all of such counterparts and instruments
                  shall constitute one agreement, binding on all of the parties
                  hereto.

         13.2     This Agreement constitutes the entire agreement between the
                  parties hereto with respect to the subject matter hereof and
                  supersedes all prior agreements and understandings, written or
                  oral, of the parties in connection therewith.

                                  Page 8 of 9
<PAGE>

         IN WITNESS WHEREOF, the undersigned parties have executed this
Agreement upon proper legal authority as of the ____ day of __________, 2005.

                             City National Bank, a national banking association

                             By:
                                    -------------------------------------
                                    __________________, its Trust Officer

                             SRKP 2, Inc., a Delaware corporation

                             By:
                                    --------------------------------------
                                    Tony Pintsopoulos, its Chief Financial
                                    Officer

                                  Page 9 of 9Exhibit 4.3

                          REGISTRATION RIGHTS AGREEMENT

         This Registration Rights Agreement ("Agreement") is entered into as of
the 10th day of March, 2005, by and among SRKP 2, Inc., a Delaware corporation
(the "Company"), and the undersigned parties listed under Investor on the
signature page hereto (each, an "Investor" and collectively, the "Investors").

         The Investors currently hold all of the issued and outstanding
securities of the Company; and

         The Investors and the Company desire to enter into this Agreement to
provide the Investors with certain rights relating to the registration of shares
of Common Stock (as defined below) held by them.

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
set forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1.       DEFINITIONS. The following capitalized terms used herein have the
following meanings:

         "Agreement" means this Agreement, as amended, restated, supplemented,
or otherwise modified from time to time.

         "Commission" means the Securities and Exchange Commission, or any other
federal agency then administering the Securities Act or the Exchange Act.

         "Common Stock" means the common stock, par value $0.001 per share, of
the Company.

         "Company" is defined in the preamble to this Agreement.

         "Demand Registration" is defined in Section 2.1.1.

         "Demanding Holder" is defined in Section 2.1.1.

         "Exchange Act" means the Securities Exchange Act of 1934, as amended,
and the rules and regulations of the Commission promulgated thereunder, all as
the same shall be in effect at the time.

         "Form S-3" is defined in Section 2.3.

         "Indemnified Party" is defined in Section 4.3.

         "Indemnifying Party" is defined in Section 4.3.

         "Investor" is defined in the preamble to this Agreement.

         "Investor Indemnified Party" is defined in Section 4.1.

         "IPO" is defined as the Company's initial public offering of its
securities in ___________, 2005, pursuant to a Registration Statement on Form
SB-2, as amended.

         "Maximum Number of Shares" is defined in Section 2.1.4.

         "Notices" is defined in Section 6.3.

         "Piggy-Back Registration" is defined in Section 2.2.1.

                                       1
<PAGE>

         "Prospectus" means the Company's prospectus relating to the IPO.

         "Register," "registered" and "registration" mean a registration
effected by preparing and filing a registration statement or similar document in
compliance with the requirements of the Securities Act, and the applicable rules
and regulations promulgated thereunder, and such registration statement becoming
effective.

         "Registrable Securities" means all of the shares of Common Stock held
by Investors. Registrable Securities includes shares of capital stock or other
securities of the Company issued as a dividend or other distribution with
respect to or in exchange for or in replacement of such shares of Common Stock.
As to any particular Registrable Securities, such securities shall cease to be
Registrable Securities when: (a) a Registration Statement with respect to the
sale of such securities shall have become effective under the Securities Act and
such securities shall have been sold, transferred, disposed of or exchanged in
accordance with such Registration Statement; (b) such securities shall have been
otherwise transferred, new certificates for them not bearing a legend
restricting further transfer shall have been delivered by the Company and
subsequent public distribution of them shall not require registration under the
Securities Act; (c) such securities shall have ceased to be outstanding; or (d)
the Securities and Exchange Commission makes a definitive determination to the
Company that the Registrable Securities are salable under Rule 144(k).

         "Registration Statement" means a registration statement filed by the
Company with the Commission in compliance with the Securities Act and the rules
and regulations promulgated thereunder for a public offering and sale of Common
Stock (other than a registration statement on Form S-4 or Form S-8, or its
successor, or any registration statement covering only securities proposed to be
issued in exchange for securities or assets of another entity).

         "Release Date" means the date upon which the Company consummates a
"business combination" with a "target business" as contemplated in the Company's
prospectus relating to its IPO.

         "Securities Act" means the Securities Act of 1933, as amended, and the
rules and regulations of the Commission promulgated thereunder, all as the same
shall be in effect at the time.

         "Underwriter" means a securities dealer who purchases any Registrable
Securities as principal in an underwritten offering and not as part of such
dealer's market-making activities.

2.       REGISTRATION RIGHTS.

2.1      Demand Registration.

                  2.1.1 Request for Registration. At any time and from time to
time on or after a date which is six (6) months following the Release Date, the
holders of a majority-in-interest of the Registrable Securities held by the
Investors or the transferees of the Investors, may make a written demand for
registration under the Securities Act of all or part of their Registrable
Securities (a "Demand Registration"). Any demand for a Demand Registration shall
specify the number of shares of Registrable Securities proposed to be sold and
the intended method(s) of distribution thereof. The Company will notify all
holders of Registrable Securities of the demand, and each holder of Registrable
Securities who wishes to include all or a portion of such holder's Registrable
Securities in the Demand Registration (each such holder including shares of
Registrable Securities in such registration, a "Demanding Holder") shall so
notify the Company within fifteen (15) days after the receipt by the holder of
the notice from the Company. Upon any such request, the Demanding Holders shall
be entitled to have their Registrable Securities included in the Demand
Registration, subject to Section 2.1.4 and the provisos set forth in Section
3.1.1. The Company shall not be obligated to effect more than an aggregate of
two (2) Demand Registrations under this Section 2.1.1 in respect of Registrable
Securities.

                  2.1.2 Effective Registration. A registration will not count as
a Demand Registration until the Registration Statement filed with the Commission
with respect to such Demand Registration has been declared effective and the
Company has complied with all of its obligations under this Agreement with
respect thereto; provided, however, that if, after such Registration Statement
has been declared effective, the offering of Registrable Securities pursuant to
a Demand Registration is interfered with by any stop order or injunction of the
Commission or any other governmental agency or court, the Registration Statement
with respect to such Demand Registration will be deemed not to have been
declared effective, unless and until, (i) such stop order or injunction is
removed, rescinded or otherwise terminated, and (ii) a majority-in-interest of
the Demanding Holders thereafter elect to continue the offering; provided,
further, that the Company shall not be obligated to file a second Registration
Statement until a Registration Statement that has been filed is counted as a
Demand Registration or is terminated.

                                       2
<PAGE>

                  2.1.3 Underwritten Offering. If a majority-in-interest of the
Demanding Holders so elect and such holders so advise the Company as part of
their written demand for a Demand Registration, the offering of such Registrable
Securities pursuant to such Demand Registration shall be in the form of an
underwritten offering. In such event, the right of any holder to include its
Registrable Securities in such registration shall be conditioned upon such
holder's participation in such underwriting and the inclusion of such holder's
Registrable Securities in the underwriting to the extent provided herein. All
Demanding Holders proposing to distribute their securities through such
underwriting shall enter into an underwriting agreement in customary form with
the Underwriter or Underwriters selected for such underwriting by a
majority-in-interest of the holders initiating the Demand Registration.

                  2.1.4 Reduction of Offering. If the managing Underwriter or
Underwriters for a Demand Registration that is to be an underwritten offering
advises the Company and the Demanding Holders in writing that the dollar amount
or number of shares of Registrable Securities which the Demanding Holders desire
to sell, taken together with all other shares of Common Stock or other
securities which the Company desires to sell and the shares of Common Stock, if
any, as to which registration has been requested pursuant to written contractual
piggy-back registration rights held by other stockholders of the Company who
desire to sell, exceeds the maximum dollar amount or maximum number of shares
that can be sold in such offering without adversely affecting the proposed
offering price, the timing, the distribution method, or the probability of
success of such offering (such maximum dollar amount or maximum number of
shares, as applicable, the "Maximum Number of Shares"), then the Company shall
include in such registration: (i) first, the Registrable Securities as to which
Demand Registration has been requested by the Demanding Holders (pro rata in
accordance with the number of shares of Registrable Securities which such
Demanding Holder has requested be included in such registration, regardless of
the number of shares of Registrable Securities held by each Demanding Holder)
that can be sold without exceeding the Maximum Number of Shares; (ii) second, to
the extent that the Maximum Number of Shares has not been reached under the
foregoing clause (i), the shares of Common Stock or other securities that the
Company desires to sell that can be sold without exceeding the Maximum Number of
Shares; (iii) third, to the extent that the Maximum Number of Shares has not
been reached under the foregoing clauses (i) and (ii), the shares of Common
Stock for the account of other persons that the Company is obligated to register
pursuant to written contractual arrangements with such persons and that can be
sold without exceeding the Maximum Number of Shares; and (v) fourth, to the
extent that the Maximum Number of Shares have not been reached under the
foregoing clauses (i), (ii), and (iii), the shares of Common Stock that other
stockholders desire to sell that can be sold without exceeding the Maximum
Number of Shares.

                  2.1.5 Withdrawal. If a majority-in-interest of the Demanding
Holders disapprove of the terms of any underwriting or are not entitled to
include all of their Registrable Securities in any offering, such
majority-in-interest of the Demanding Holders may elect to withdraw from such
offering by giving written notice to the Company and the Underwriter or
Underwriters of their request to withdraw prior to the effectiveness of the
Registration Statement filed with the Commission with respect to such Demand
Registration. If the majority-in-interest of the Demanding Holders withdraws
from a proposed offering relating to a Demand Registration, then such
registration shall not count as a Demand Registration provided for in Section
2.1.1.

2.2      Piggy-Back Registration.

                  2.2.1 Piggy-Back Rights. If at any time on or after a date
which is six (6) months following the Release Date the Company proposes to file
a Registration Statement under the Securities Act with respect to an offering of
equity securities, or securities or other obligations exercisable or
exchangeable for, or convertible into, equity securities, by the Company for its
own account or for stockholders of the Company for their account (or by the
Company and by stockholders of the Company including, without limitation,
pursuant to Section 2.1), other than a Registration Statement (i) filed in
connection with any employee stock option or other benefit plan, (ii) for an
exchange offer or offering of securities solely to the Company's existing
stockholders, (iii) for an offering of debt that is convertible into equity
securities of the Company or (iv) for a dividend reinvestment plan, then the
Company shall (x) give written notice of such proposed filing to the holders of
Registrable Securities as soon as practicable but in no event less than ten (10)
days before the anticipated filing date, which notice shall describe the amount
and type of securities to be included in such offering, the intended method(s)
of distribution, and the name of the proposed managing Underwriter or
Underwriters, if any, of the offering, and (y) offer to the holders of
Registrable Securities in such notice the opportunity to register the sale of
such number of shares of Registrable Securities as such holders may request in
writing within five (5) days following receipt of such notice (a "Piggy-Back
Registration"). The Company shall cause such Registrable Securities to be
included in such registration and shall use its best efforts to cause the
managing Underwriter or Underwriters of a proposed underwritten offering to
permit the Registrable Securities requested to be included in a Piggy-Back
Registration to be included on the same terms and conditions as any similar
securities of the Company and to permit the sale or other disposition of such
Registrable Securities in accordance with the intended method(s) of distribution
thereof. All holders of Registrable Securities proposing to distribute their
securities through a Piggy-Back Registration that involves an Underwriter or
Underwriters shall enter into an underwriting agreement in customary Form with
the Underwriter or Underwriters selected for such Piggy-Back Registration.

                                       3
<PAGE>

                  2.2.2 Reduction of Offering. If the managing Underwriter or
Underwriters for a Piggy-Back Registration that is to be an underwritten
offering advises the Company and the holders of Registrable Securities in
writing that the dollar amount or number of shares of Common Stock which the
Company desires to sell, taken together with shares of Common Stock, if any, as
to which registration has been demanded pursuant to written contractual
arrangements with persons other than the holders of Registrable Securities
hereunder, the Registrable Securities as to which registration has been
requested under this Section 2.2, and the shares of Common Stock, if any, as to
which registration has been requested pursuant to the written contractual
piggy-back registration rights of other stockholders of the Company, exceeds the
Maximum Number of Shares, then the Company shall include in any such
registration:

                        (i) If the registration is undertaken for the Company's
      account: (A) first, the shares of Common Stock or other securities that
      the Company desires to sell that can be sold without exceeding the Maximum
      Number of Shares; (B) second, to the extent that the Maximum Number of
      Shares has not been reached under the foregoing clause (A), the shares of
      Common Stock, if any, including the Registrable Securities, as to which
      registration has been requested pursuant to written contractual piggy-back
      registration rights of security holders (pro rata in accordance with the
      number of shares of Common Stock which each such person has actually
      requested to be included in such registration, regardless of the number of
      shares of Common Stock with respect to which such persons have the right
      to request such inclusion) that can be sold without exceeding the Maximum
      Number of Shares; and

                        (ii) If the registration is a "demand" registration
      undertaken at the demand of persons other than the holders of Registrable
      Securities pursuant to written contractual arrangements with such persons,
      (A) first, the shares of Common Stock for the account of the demanding
      persons that can be sold without exceeding the Maximum Number of Shares;
      (B) second, to the extent that the Maximum Number of Shares has not been
      reached under the foregoing clause (A), the shares of Common Stock or
      other securities that the Company desires to sell that can be sold without
      exceeding the Maximum Number of Shares; and (C) third, to the extent that
      the Maximum Number of Shares has not been reached under the foregoing
      clauses (A) and (B), the Registrable Securities as to which registration
      has been requested under this Section 2.2 (pro rata in accordance with the
      number of shares of Registrable Securities held by each such holder); and
      (D) fourth, to the extent that the Maximum Number of Shares has not been
      reached under the foregoing clauses (A), (B) and (C), the shares of Common
      Stock, if any, as to which registration has been requested pursuant to
      written contractual piggy-back registration rights which such other
      stockholders desire to sell that can be sold without exceeding the Maximum
      Number of Shares.

                  2.2.3 Withdrawal. Any holder of Registrable Securities may
elect to withdraw such holder's request for inclusion of Registrable Securities
in any Piggy-Back Registration by giving written notice to the Company of such
request to withdraw prior to the effectiveness of the Registration Statement.
The Company may also elect to withdraw a registration statement at any time
prior to the effectiveness of the Registration Statement. Notwithstanding any
such withdrawal, the Company shall pay all expenses incurred by the holders of
Registrable Securities in connection with such Piggy-Back Registration as
provided in Section 3.3.

                                       4
<PAGE>

                  2.3 Registrations on Form S-3. The holders of Registrable
Securities may at any time and from time to time, request in writing that the
Company register the resale of any or all of such Registrable Securities on Form
S-3 or any similar short-Form registration which may be available at such time
("Form S-3"); provided, however, that the Company shall not be obligated to
effect such request through an underwritten offering. Upon receipt of such
written request, the Company will promptly give written notice of the proposed
registration to all other holders of Registrable Securities, and, as soon as
practicable thereafter, effect the registration of all or such portion of such
holder's or holders' Registrable Securities as are specified in such request,
together with all or such portion of the Registrable Securities of any other
holder or holders joining in such request as are specified in a written request
given within fifteen (15) days after receipt of such written notice from the
Company; provided, however, that the Company shall not be obligated to effect
any such registration pursuant to this Section 2.3: (i) if Form S-3 is not
available for such offering; or (ii) if the holders of the Registrable
Securities, together with the holders of any other securities of the Company
entitled to inclusion in such registration, propose to sell Registrable
Securities and such other securities (if any) at any aggregate price to the
public of less than $500,000. Registrations effected pursuant to this Section
2.3 shall not be counted as Demand Registrations effected pursuant to Section
2.1.

3.       REGISTRATION PROCEDURES.

         3.1 Filings; Information. Whenever the Company is required to effect
the registration of any Registrable Securities pursuant to Section 2, the
Company shall use its best efforts to effect the registration and sale of such
Registrable Securities in accordance with the intended method(s) of distribution
thereof as expeditiously as practicable, and in connection with any such
request:

                  3.1.1 Filing Registration Statement. The Company shall, as
expeditiously as possible and in any event within sixty (60) days after receipt
of a request for a Demand Registration pursuant to Section 2.1, prepare and file
with the Commission a Registration Statement on any form for which the Company
then qualifies or which counsel for the Company shall deem appropriate and which
form shall be available for the sale of all Registrable Securities to be
registered thereunder in accordance with the intended method(s) of distribution
thereof, and shall use its best efforts to cause such Registration Statement to
become and remain effective for the period required by Section 3.1.3; provided,
however, that the Company shall have the right to defer any Demand Registration
for up to thirty (30) days, and any Piggy-Back Registration for such period as
may be applicable to deferment of any demand registration to which such
Piggy-Back Registration relates, in each case if the Company shall furnish to
the holders a certificate signed by the Chief Executive Officer of the Company
stating that, in the good faith judgment of the Board of Directors of the
Company, it would be materially detrimental to the Company and its stockholders
for such Registration Statement to be effected at such time; provided further,
however, that the Company shall not have the right to exercise the right set
forth in the immediately preceding proviso more than once in any 365-day period
in respect of a Demand Registration hereunder.

                  3.1.2 Copies. The Company shall, prior to filing a
Registration Statement or prospectus, or any amendment or supplement thereto,
furnish without charge to the holders of Registrable Securities included in such
registration, and such holders' legal counsel, copies of such Registration
Statement as proposed to be filed, each amendment and supplement to such
Registration Statement (in each case including all exhibits thereto and
documents incorporated by reference therein), the prospectus included in such
Registration Statement (including each preliminary prospectus), and such other
documents as the holders of Registrable Securities included in such registration
or legal counsel for any such holders may request in order to facilitate the
disposition of the Registrable Securities owned by such holders.

                  3.1.3 Amendments and Supplements. The Company shall prepare
and file with the Commission such amendments, including post-effective
amendments, and supplements to such Registration Statement and the prospectus
used in connection therewith as may be necessary to keep such Registration
Statement effective and in compliance with the provisions of the Securities Act
until all Registrable Securities and other securities covered by such
Registration Statement have been disposed of in accordance with the intended
method(s) of distribution set forth in such Registration Statement (which period
shall not exceed the sum of one hundred eighty (180) days plus any period during
which any such disposition is interfered with by any stop order or injunction of
the Commission or any governmental agency or court) or such securities have been
withdrawn.

                                       5
<PAGE>

                  3.1.4 Notification. After the filing of a Registration
Statement, the Company shall promptly, and in no event more than two (2)
business days after such filing, notify the holders of Registrable Securities
included in such Registration Statement of such filing, and shall further notify
such holders promptly and confirm such advice in writing in all events within
two (2) business days of the occurrence of any of the following: (i) when such
Registration Statement becomes effective; (ii) when any post-effective amendment
to such Registration Statement becomes effective; (iii) the issuance or
threatened issuance by the Commission of any stop order (and the Company shall
take all actions required to prevent the entry of such stop order or to remove
it if entered); and (iv) any request by the Commission for any amendment or
supplement to such Registration Statement or any prospectus relating thereto or
for additional information or of the occurrence of an event requiring the
preparation of a supplement or amendment to such prospectus so that, as
thereafter delivered to the purchasers of the securities covered by such
Registration Statement, such prospectus will not contain an untrue statement of
a material fact or omit to state any material fact required to be stated therein
or necessary to make the statements therein not misleading, and promptly make
available to the holders of Registrable Securities included in such Registration
Statement any such supplement or amendment; except that before filing with the
Commission a Registration Statement or prospectus or any amendment or supplement
thereto, including documents incorporated by reference, the Company shall
furnish to the holders of Registrable Securities included in such Registration
Statement and to the legal counsel for any such holders, copies of all such
documents proposed to be filed sufficiently in advance of filing to provide such
holders and legal counsel with a reasonable opportunity to review such documents
and comment thereon, and the Company shall not file any Registration Statement
or prospectus or amendment or supplement thereto, including documents
incorporated by reference, to which such holders or their legal counsel shall
object.

                  3.1.5 State Securities Laws Compliance. The Company shall use
its best efforts to (i) register or qualify the Registrable Securities covered
by the Registration Statement under such securities or "blue sky" laws of such
jurisdictions in the United States as the holders of Registrable Securities
included in such Registration Statement (in light of their intended plan of
distribution) may request and (ii) take such action necessary to cause such
Registrable Securities covered by the Registration Statement to be registered
with or approved by such other governmental authorities as may be necessary by
virtue of the business and operations of the Company and do any and all other
acts and things that may be necessary or advisable to enable the holders of
Registrable Securities included in such Registration Statement to consummate the
disposition of such Registrable Securities in such jurisdictions; provided,
however, that the Company shall not be required to qualify generally to do
business in any jurisdiction where it would not otherwise be required to qualify
but for this paragraph (e) or subject itself to taxation in any such
jurisdiction.

                  3.1.6 Agreements for Disposition. The Company shall enter into
customary agreements (including, if applicable, an underwriting agreement in
customary form) and take such other actions as are reasonably required in order
to expedite or facilitate the disposition of such Registrable Securities. The
representations, warranties and covenants of the Company in any underwriting
agreement which are made to or for the benefit of any Underwriters, to the
extent applicable, shall also be made to and for the benefit of the holders of
Registrable Securities included in such registration statement. No holder of
Registrable Securities included in such registration statement shall be required
to make any representations or warranties in the underwriting agreement except,
if applicable, with respect to such holder's organization, good standing,
authority, title to Registrable Securities, lack of conflict of such sale with
such holder's material agreements and organizational documents, and with respect
to written information relating to such holder that such holder has furnished in
writing expressly for inclusion in such Registration Statement.

                  3.1.7 Cooperation. The principal executive officer of the
Company, the principal financial officer of the Company, the principal
accounting officer of the Company and all other officers and members of the
management of the Company shall cooperate fully in any offering of Registrable
Securities hereunder, which cooperation shall include, without limitation, the
preparation of the Registration Statement with respect to such offering and all
other offering materials and related documents, and participation in meetings
with Underwriters, attorneys, accountants and potential investors.

                  3.1.8 Records. The Company shall make available for inspection
by the holders of Registrable Securities included in such Registration
Statement, any Underwriter participating in any disposition pursuant to such
registration statement and any attorney, accountant or other professional
retained by any holder of Registrable Securities included in such Registration
Statement or any Underwriter, all financial and other records, pertinent
corporate documents and properties of the Company, as shall be necessary to
enable them to exercise their due diligence responsibility, and cause the
Company's officers, directors and employees to supply all information requested
by any of them in connection with such Registration Statement.

                                       6
<PAGE>

                  3.1.9 Opinions and Comfort Letters. The Company shall furnish
to each holder of Registrable Securities included in any Registration Statement
a signed counterpart, addressed to such holder, of (i) any opinion of counsel to
the Company delivered to any Underwriter and (ii) any comfort letter from the
Company's independent public accountants delivered to any Underwriter. In the
event no legal opinion is delivered to any Underwriter, the Company shall
furnish to each holder of Registrable Securities included in such Registration
Statement, at any time that such holder elects to use a prospectus, an opinion
of counsel to the Company to the effect that the Registration Statement
containing such prospectus has been declared effective and that no stop order is
in effect.

                  3.1.10 Earnings Statement. The Company shall comply with all
applicable rules and regulations of the Commission and the Securities Act, and
make available to its stockholders, as soon as practicable, an earnings
statement covering a period of twelve (12) months, beginning within three (3)
months after the effective date of the registration statement, which earnings
statement shall satisfy the provisions of Section 11(a) of the Securities Act
and Rule 158 thereunder.

                  3.1.11 Listing. The Company shall use its best efforts to
cause all Registrable Securities included in any registration to be listed on
such exchanges or otherwise designated for trading in the same manner as similar
securities issued by the Company are then listed or designated or, if no such
similar securities are then listed or designated, in a manner satisfactory to
the holders of a majority of the Registrable Securities included in such
registration.

         3.2 Obligation to Suspend Distribution. Upon receipt of any notice from
the Company of the happening of any event of the kind described in Section
3.1.4(iv), or, in the case of a resale registration on Form S-3 pursuant to
Section 2.3 hereof, upon any suspension by the Company, pursuant to a written
insider trading compliance program adopted by the Company's Board of Directors,
of the ability of all "insiders" covered by such program to transact in the
Company's securities because of the existence of material non-public
information, each holder of Registrable Securities included in any registration
shall immediately discontinue disposition of such Registrable Securities
pursuant to the Registration Statement covering such Registrable Securities
until such holder receives the supplemented or amended prospectus contemplated
by Section 3.1.4(iv) or the restriction on the ability of "insiders" to transact
in the Company's securities is removed, as applicable, and, if so directed by
the Company, each such holder will deliver to the Company all copies, other than
permanent file copies then in such holder's possession, of the most recent
prospectus covering such Registrable Securities at the time of receipt of such
notice.

         3.3 Registration Expenses. The Company shall bear all costs and
expenses incurred in connection with any Demand Registration pursuant to Section
2.1, any Piggy-Back Registration pursuant to Section 2.2, and any registration
on Form S-3 effected pursuant to Section 2.3, and all expenses incurred in
performing or complying with its other obligations under this Agreement, whether
or not the Registration Statement becomes effective, including, without
limitation: (i) all registration and filing fees; (ii) fees and expenses of
compliance with securities or "blue sky" laws (including fees and disbursements
of counsel in connection with blue sky qualifications of the Registrable
Securities); (iii) printing expenses; (iv) the Company's internal expenses
(including, without limitation, all salaries and expenses of its officers and
employees); (v) the fees and expenses incurred in connection with the listing of
the Registrable Securities as required by Section 3.1.11; (vi) National
Association of Securities Dealers, Inc. fees; (vii) fees and disbursements of
counsel for the Company and fees and expenses for independent certified public
accountants retained by the Company (including the expenses or costs associated
with the delivery of any opinions or comfort letters requested pursuant to
Section 3.1.9); (viii) the fees and expenses of any special experts retained by
the Company in connection with such registration and (ix) the fees and expenses
of one legal counsel selected by the holders of a majority-in-interest of the
Registrable Securities included in such registration. The Company shall have no
obligation to pay any underwriting discounts or selling commissions attributable
to the Registrable Securities being sold by the holders thereof, which
underwriting discounts or selling commissions shall be borne by such holders.
Additionally, in an underwritten offering, all selling stockholders and the
Company shall bear the expenses of the underwriter pro rata in proportion to the
respective amount of shares each is selling in such offering.

                                       7
<PAGE>

         3.4 Information. The holders of Registrable Securities shall provide
such information as may reasonably be requested by the Company, or the managing
Underwriter, if any, in connection with the preparation of any Registration
Statement, including amendments and supplements thereto, in order to effect the
registration of any Registrable Securities under the Securities Act pursuant to
Section 2 and in connection with the Company's obligation to comply with federal
and applicable state securities laws.

4.       INDEMNIFICATION AND CONTRIBUTION.

         4.1 Indemnification by the Company. The Company agrees to indemnify and
hold harmless each Investor and each other holder of Registrable Securities, and
each of their respective officers, employees, affiliates, directors, partners,
members, attorneys and agents, and each person, if any, who controls an Investor
and each other holder of Registrable Securities (within the meaning of Section
15 of the Securities Act or Section 20 of the Exchange Act) (each, an "Investor
Indemnified Party"), from and against any expenses, losses, judgments, claims,
damages or liabilities, whether joint or several, arising out of or based upon
any untrue statement (or allegedly untrue statement) of a material fact
contained in any Registration Statement under which the sale of such Registrable
Securities was registered under the Securities Act, any preliminary prospectus,
final prospectus or summary prospectus contained in the Registration Statement,
or any amendment or supplement to such Registration Statement, or arising out of
or based upon any omission (or alleged omission) to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading, or any violation by the Company of the Securities Act or any rule or
regulation promulgated thereunder applicable to the Company and relating to
action or inaction required of the Company in connection with any such
registration; and the Company shall promptly reimburse the Investor Indemnified
Party for any legal and any other expenses reasonably incurred by such Investor
Indemnified Party in connection with investigating and defending any such
expense, loss, judgment, claim, damage, liability or action; provided, however,
that the Company will not be liable in any such case to the extent that any such
expense, loss, claim, damage or liability arises out of or is based upon any
untrue statement or allegedly untrue statement or omission or alleged omission
made in such Registration Statement, preliminary prospectus, final prospectus,
or summary prospectus, or any such amendment or supplement, in reliance upon and
in conformity with information furnished to the Company, in writing, by such
selling holder expressly for use therein. The Company also shall indemnify any
Underwriter of the Registrable Securities, their officers, affiliates,
directors, partners, members and agents and each person who controls such
Underwriter on substantially the same basis as that of the indemnification
provided above in this Section 4.1.

         4.2 Indemnification by Holders of Registrable Securities. Each selling
holder of Registrable Securities will, in the event that any registration is
being effected under the Securities Act pursuant to this Agreement of any
Registrable Securities held by such selling holder, indemnify and hold harmless
the Company, each of its directors and officers and each underwriter (if any),
and each other person, if any, who controls such selling holder or such
underwriter within the meaning of the Securities Act, against any losses,
claims, judgments, damages or liabilities, whether joint or several, insofar as
such losses, claims, judgments, damages or liabilities (or actions in respect
thereof) arise out of or are based upon any untrue statement or allegedly untrue
statement of a material fact contained in any Registration Statement under which
the sale of such Registrable Securities was registered under the Securities Act,
any preliminary prospectus, final prospectus or summary prospectus contained in
the Registration Statement, or any amendment or supplement to the Registration
Statement, or arise out of or are based upon any omission or the alleged
omission to state a material fact required to be stated therein or necessary to
make the statement therein not misleading, if the statement or omission was made
in reliance upon and in conformity with information furnished in writing to the
Company by such selling holder expressly for use therein, and shall reimburse
the Company, its directors and officers, and each such controlling person for
any legal or other expenses reasonably incurred by any of them in connection
with investigation or defending any such loss, claim, damage, liability or
action. Each selling holder's indemnification obligations hereunder shall be
several and not joint and shall be limited to the amount of any net proceeds
actually received by such selling holder.

         4.3 Conduct of Indemnification Proceedings. Promptly after receipt by
any person of any notice of any loss, claim, damage or liability or any action
in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such
person (the "Indemnified Party") shall, if a claim in respect thereof is to be
made against any other person for indemnification hereunder, notify such other
person (the "Indemnifying Party") in writing of the loss, claim, judgment,
damage, liability or action; provided, however, that the failure by the
Indemnified Party to notify the Indemnifying Party shall not relieve the
Indemnifying Party from any liability which the Indemnifying Party may have to
such Indemnified Party hereunder, except and solely to the extent the
Indemnifying Party is actually prejudiced by such failure. If the Indemnified
Party is seeking indemnification with respect to any claim or action brought
against the Indemnified Party, then the Indemnifying Party shall be entitled to
participate in such claim or action, and, to the extent that it wishes, jointly
with all other Indemnifying Parties, to assume control of the defense thereof
with counsel satisfactory to the Indemnified Party. After notice from the
Indemnifying Party to the Indemnified Party of its election to assume control of
the defense of such claim or action, the Indemnifying Party shall not be liable
to the Indemnified Party for any legal or other expenses subsequently incurred
by the Indemnified Party in connection with the defense thereof other than
reasonable costs of investigation; provided, however, that in any action in
which both the Indemnified Party and the Indemnifying Party are named as
defendants, the Indemnified Party shall have the right to employ separate
counsel (but no more than one such separate counsel) to represent the
Indemnified Party and its controlling persons who may be subject to liability
arising out of any claim in respect of which indemnity may be sought by the
Indemnified Party against the Indemnifying Party, with the fees and expenses of
such counsel to be paid by such Indemnifying Party if, based upon the written
opinion of counsel of such Indemnified Party, representation of both parties by
the same counsel would be inappropriate due to actual or potential differing
interests between them. No Indemnifying Party shall, without the prior written
consent of the Indemnified Party, consent to entry of judgment or effect any
settlement of any claim or pending or threatened proceeding in respect of which
the Indemnified Party is or could have been a party and indemnity could have
been sought hereunder by such Indemnified Party, unless such judgment or
settlement includes an unconditional release of such Indemnified Party from all
liability arising out of such claim or proceeding.

                                       8
<PAGE>

4.4      Contribution.

                  4.4.1 If the indemnification provided for in the foregoing
Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect of
any loss, claim, damage, liability or action referred to herein, then each such
Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall
contribute to the amount paid or payable by such Indemnified Party as a result
of such loss, claim, damage, liability or action in such proportion as is
appropriate to reflect the relative fault of the Indemnified Parties and the
Indemnifying Parties in connection with the actions or omissions which resulted
in such loss, claim, damage, liability or action, as well as any other relevant
equitable considerations. The relative fault of any Indemnified Party and any
Indemnifying Party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by such Indemnified Party or such Indemnifying Party and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.

                  4.4.2 The parties hereto agree that it would not be just and
equitable if contribution pursuant to this Section 4.4 were determined by pro
rata allocation or by any other method of allocation which does not take account
of the equitable considerations referred to in the immediately preceding Section
4.4.1. The amount paid or payable by an Indemnified Party as a result of any
loss, claim, damage, liability or action referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses incurred by such Indemnified Party in
connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 4.4, no holder of Registrable
Securities shall be required to contribute any amount in excess of the dollar
amount of the net proceeds (after payment of any underwriting fees, discounts,
commissions or taxes) actually received by such holder from the sale of
Registrable Securities which gave rise to such contribution obligation. No
person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation.

5.       UNDERWRITING AND DISTRIBUTION.

         5.1 Rule 144. The Company covenants that it shall file any reports
required to be filed by it under the Securities Act and the Exchange Act and
shall take such further action as the holders of Registrable Securities may
reasonably request, all to the extent required from time to time to enable such
holders to sell Registrable Securities without registration under the Securities
Act within the limitation of the exemptions provided by Rule 144 under the
Securities Act, as such Rules may be amended from time to time, or any similar
rule or regulation hereafter adopted by the Commission.

                                       9
<PAGE>

6.       MISCELLANEOUS.

         6.1 Other Registration Rights. The Company represents and warrants that
no person, other than a holder of the Registrable Securities, has any right to
require the Company to register any shares of the Company's capital stock for
sale or to include shares of the Company's capital stock in any registration
filed by the Company for the sale of shares of capital stock for its own account
or for the account of any other person.

         6.2 Assignment; No Third Party Beneficiaries. This Agreement and the
rights, duties and obligations of the Company hereunder may not be assigned or
delegated by the Company in whole or in part. This Agreement and the rights,
duties and obligations of the holders of Registrable Securities hereunder may be
freely assigned or delegated by such holder of Registrable Securities in
conjunction with and to the extent of any transfer of Registrable Securities by
any such holder. This Agreement and the provisions hereof shall be binding upon
and shall inure to the benefit of each of the parties and their respective
successors and the permitted assigns of the Investor or holder of Registrable
Securities or of any assignee of the Investor or holder of Registrable
Securities. This Agreement is not intended to confer any rights or benefits on
any persons that are not party hereto other than as expressly set forth in
Article 4 and this Section 6.2.

         6.3 Notices. All notices, demands, requests, consents, approvals or
other communications (collectively, "Notices") required or permitted to be given
hereunder or which are given with respect to this Agreement shall be in writing
and shall be personally served, delivered by reputable air courier service with
charges prepaid, or transmitted by hand delivery, telegram, telex or facsimile,
addressed as set forth below, or to such other address as such party shall have
specified most recently by written notice. Notice shall be deemed given on the
date of service or transmission if personally served or transmitted by telegram,
telex or facsimile; provided, that if such service or transmission is not on a
business day or is after normal business hours, then such notice shall be deemed
given on the next business day. Notice otherwise sent as provided herein shall
be deemed given on the next business day following timely delivery of such
notice to a reputable air courier service with an order for next-day delivery.

         To the Company:

                  SRKP 2, Inc.
                  1900 Avenue of the Stars, Suite 310
                  Los Angeles, CA  90076
                  Attention:  President

         with a copy to:

                  Kirkpatrick & Lockhart Nicholson Graham LLP
                  10100 Santa Monica Boulevard, 7th Floor
                  Los Angeles, CA  90067
                  Attn:  Thomas J. Poletti, Esq.

         To an Investor, to:

                  Richard Rappaport
                  c/o SRKP 2, Inc.
                  1900 Avenue of the Stars, Suite 310
                  Los Angeles, CA  90076

                  The Amanda Rappaport Trust
                  c/o SRKP 2, Inc.
                  1900 Avenue of the Stars, Suite 310
                  Los Angeles, CA  90076
                  Attn:  Richard Rappaport, Trustee

                  The Kailey Rappaport Trust
                  c/o SRKP 2, Inc.
                  1900 Avenue of the Stars, Suite 310
                  Los Angeles, CA  90076
                  Attn: Richard Rappaport Trustee

                                       10
<PAGE>

                  Debbie Schwartzberg
                  c/o SRKP 2, Inc.
                  1900 Avenue of the Stars, Suite 310
                  Los Angeles, CA  90076

                  Glenn Krinsky
                  c/o SRKP 2, Inc.
                  1900 Avenue of the Stars, Suite 310
                  Los Angeles, CA  90076

                  Tony Pintsopoulos
                  c/o SRKP 2, Inc.
                  1900 Avenue of the Stars, Suite 310
                  Los Angeles, CA  90076

                  Charles Frisco
                  c/o SRKP 2, Inc.
                  1900 Avenue of the Stars, Suite 310
                  Los Angeles, CA  90076

         6.4 Severability. This Agreement shall be deemed severable, and the
invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Agreement or of any other term or
provision hereof. Furthermore, in lieu of any such invalid or unenforceable term
or provision, the parties hereto intend that there shall be added as a part of
this Agreement a provision as similar in terms to such invalid or unenforceable
provision as may be possible and be valid and enforceable.

         6.5 Counterparts. This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original, and all of which taken
together shall constitute one (1) and the same instrument.

         6.6 Entire Agreement. This Agreement (including all agreements entered
into pursuant hereto and all certificates and instruments delivered pursuant
hereto and thereto) constitute the entire agreement of the parties with respect
to the subject matter hereof and supersede all prior and contemporaneous
agreements, representations, understandings, negotiations and discussions
between the parties, whether oral or written.

         6.7 Modifications and Amendments. No amendment, modification or
termination of this Agreement shall be binding upon any party unless executed in
writing by such party.

         6.8 Titles and Headings. Titles and headings of sections of this
Agreement are for convenience only and shall not affect the construction of any
provision of this Agreement.

         6.9 Waivers and Extensions. Any party to this Agreement may waive any
right, breach or default which such party has the right to waive, provided that
such waiver will not be effective against the waiving party unless it is in
writing, is signed by such party, and specifically refers to this Agreement.
Waivers may be made in advance or after the right waived has arisen or the
breach or default waived has occurred. Any waiver may be conditional. No waiver
of any breach of any agreement or provision herein contained shall be deemed a
waiver of any preceding or succeeding breach thereof nor of any other agreement
or provision herein contained. No waiver or extension of time for performance of
any obligations or acts shall be deemed a waiver or extension of the time for
performance of any other obligations or acts.

         6.10 Remedies Cumulative. In the event that the Company fails to
observe or perform any covenant or agreement to be observed or performed under
this Agreement, the Investor or any other holder of Registrable Securities may
proceed to protect and enforce its rights by suit in equity or action at law,
whether for specific performance of any term contained in this Agreement or for
an injunction against the breach of any such term or in aid of the exercise of
any power granted in this Agreement or to enforce any other legal or equitable
right, or to take any one or more of such actions, without being required to
post a bond. None of the rights, powers or remedies conferred under this
Agreement shall be mutually exclusive, and each such right, power or remedy
shall be cumulative and in addition to any other right, power or remedy, whether
conferred by this Agreement or now or hereafter available at law, in equity, by
statute or otherwise.

                                       11
<PAGE>

         6.11 Governing Law. This Agreement shall be governed by, interpreted
under, and construed in accordance with the internal laws of the State of
Delaware applicable to agreements made and to be performed within the State of
Delaware, without giving effect to any choice-of-law provisions thereof that
would compel the application of the substantive laws of any other jurisdiction.

         6.12 Waiver of Trial by Jury. Each party hereby irrevocably and
unconditionally waives the right to a trial by jury in any action, suit,
counterclaim or other proceeding (whether based on contract, tort or otherwise)
arising out of, connected with or relating to this Agreement, the transactions
contemplated hereby, or the actions of the Investor in the negotiation,
administration, performance or enforcement hereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       12
<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Registration Rights
Agreement to be executed and delivered by their duly authorized representatives
as of the date first written above.

                                  SRKP 2, Inc.
                                  a Delaware corporation

                                  By:
                                      ----------------------------------------
                                            Name:  Richard Rappaport
                                            Title:  President

INVESTORS:

----------------------------
Richard Rappaport

----------------------------
The Amanda Rappaport Trust
Richard Rappaport, Trustee

----------------------------
The Kailey Rappaport Trust
Richard Rappaport, Trustee

----------------------------
Debbie Schwartzberg

----------------------------
Glenn Krinsky

----------------------------
Tony Pintsopoulos

----------------------------
Charles Frisco

                                       13

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