Document:

Secured Convertible Debenture

    
                                                                      EXHIBIT
        10.3

      NEITHER THIS
        DEBENTURE NOR THE SECURITIES INTO WHICH THIS DEBENTURE IS CONVERTIBLE HAVE
        BEEN
        REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
        COMMISSION OF ANY STATE.  THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON
        AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
        (THE
“SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
        PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT
        OR
        PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
        TO, THE
        REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
        APPLICABLE STATE SECURITIES LAWS.

                                                              UNICORP,
        INC.

                                                                  Secured
        Convertible
        Debenture

      	
              Issuance Date: 
                May 17, 2007

            	
              Original Principal
                Amount:        
                $3,500,000

            
	
              No.
                UCPI-1-1

            	
               

            

       

          FOR
        VALUE
        RECEIVED, UNICORP, INC., a Nevada corporation (the "Company"),
        hereby promises to pay to the order of CORNELL CAPITAL PARTNERS, L.P. or
        registered assigns (the "Holder") the amount set out above as the
        Original Principal Amount (as reduced pursuant to the terms hereof pursuant
        to
        redemption, conversion or otherwise, the "Principal") when due, whether
        upon the Maturity Date (as defined below), on any Installment Date with respect
        to the Installment Amount due on such Installment Date (each, as defined
        herein), acceleration, redemption or otherwise (in each case in accordance
        with
        the terms hereof) and to pay interest ("Interest") on any outstanding
        Principal at the applicable Interest Rate from the date set out above as
        the
        Issuance Date (the "IssuanceDate") until the same becomes due and
        payable, whether upon an Interest Date (as defined below), any Installment
        Date
        or the Maturity Date or acceleration, conversion, redemption or otherwise
        (in
        each case in accordance with the terms hereof).  This Secured Convertible
        Debenture (including all Secured Convertible Debentures issued in exchange,
        transfer or replacement hereof, this "Debenture") is one of an issue of
        Secured Convertible Debentures issued pursuant to the Securities Purchase
        Agreement (collectively, the "Debentures" and such other Senior
        Convertible Debentures, the "OtherDebentures").  Certain capitalized
        terms used herein are defined in Section 17.

          (1)       
        GENERAL TERMS

              (a)       
        Payment of Principal.  On each Installment Date, the Company shall
        pay to the Holder an amount equal to the Installment Amount due on such
        Installment Date in accordance with Section 3.  On the Maturity Date, the
        Company shall pay to the Holder an amount in cash representing all outstanding
        Principal, accrued and unpaid Interest.  The "MaturityDate" shall be
        November  __, 2009, as may be extended at the option of the Holder (i) in
        the event that, and for so long as, an Event of Default (as defined below)
        shall
        have occurred

      and be continuing on the Maturity Date (as may be extended
        pursuant to this Section 1) or any event shall have occurred and be continuing
        on the Maturity Date (as may be extended pursuant to this Section 1) that
        with
        the passage of time and the failure to cure would result in an Event of
        Default.  Other than as specifically permitted by this Debenture, the
        Company may not prepay or redeem any portion of the outstanding Principal
        without the prior written consent of the Holder.

      
        
          
          

        

        
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              (b)       
        Interest.  Interest shall accrue on the outstanding principal
        balance hereof at an annual rate equal to nine percent (9%) (“Interest
        Rate”).  Interest shall be calculated on the basis of a 365-day year
        and the actual number of days elapsed, to the extent permitted by applicable
        law.  Interest hereunder shall be paid on each Installment Date and on the
        Maturity Date (or sooner as provided herein) to the Holder or its assignee
        in
        whose name this Debenture is registered on the records of the Company regarding
        registration and transfers of Debentures at the option of the Company in
        cash,
        or, provided that the Equity Conditions are then satisfied, by Common Stock
        pursuant to the terms of this Debenture.

              (c)       
        Security.  The Debenture is secured by a security interest in all of
        the assets of the Company, including a lien on certain equipment and real
        estate, including various oil and gas interests within the United States,
        including at least Louisiana, Mississippi, and Texas, the granting of which
        shall be set forth in a Security Agreement of even date herewith (the
“Security Agreement”) and various agreements addressing security in the
        oil and gas interests and other real property (the “Real Estate Security”
and with the  Security Agreements collectively the “Security
        Documents”).

          (2)       
        EVENTS OF DEFAULT. 

              (a)       
        An “Event of Default”, wherever used herein, means any one of the
        following events (whatever the reason and whether it shall be voluntary or
        involuntary or effected by operation of law or pursuant to any judgment,
        decree
        or order of any court, or any order, rule or regulation of any administrative
        or
        governmental body) , provided, however, that the Holder has given Obligor
        notice
        of such Event of Default, and, if capable of being cured, ten (10) business
        days
        to cure:

                  (i)        
        the Company's failure to pay to the Holder any amount of Principal, Interest,
        or
        other amounts when and as due under this Debenture (including, without
        limitation, the Company's failure to pay any redemption payments or amounts
        hereunder) or any other Transaction Document;

                  (ii)       
        The Company or any subsidiary of the Company shall commence, or there shall
        be
        commenced against the Company or any subsidiary of the Company under any
        applicable bankruptcy or insolvency laws as now or hereafter in effect or
        any
        successor thereto, or the Company or any subsidiary of the Company commences
        any
        other proceeding under any reorganization, arrangement, adjustment of debt,
        relief of debtors, dissolution, insolvency or liquidation or similar law
        of any
        jurisdiction whether now or hereafter in effect relating to the Company or
        any
        subsidiary of the Company or there is commenced against the Company or any
        subsidiary of the Company any such bankruptcy, insolvency or other proceeding
        which remains undismissed for a period of 61 days; or the Company or any
        subsidiary of the Company is adjudicated insolvent
        or
        bankrupt; or any order of relief or other order approving any such case or
        proceeding is entered; or the Company or any subsidiary of the Company suffers
        any appointment of any custodian, private or court appointed receiver or
        the
        like for it or any substantial part of its property which continues undischarged
        or unstayed for a period of sixty one (61) days; or the Company or any
        subsidiary of the Company makes a general assignment for the benefit of
        creditors; or the Company or any subsidiary of the Company shall fail to
        pay, or
        shall state that it is unable to pay, or shall be unable to pay, its debts
        generally as they become due; or the Company or any subsidiary of the Company
        shall call a meeting of its creditors with a view to arranging a composition,
        adjustment or restructuring of its debts; or the Company or any subsidiary
        of
        the Company shall by any act or failure to act expressly indicate its consent
        to, approval of or acquiescence in any of the foregoing; or any corporate
        or
        other action is taken by the Company or any subsidiary of the Company for
        the
        purpose of effecting any of the foregoing;

      
        
          
          

        

        
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                  (iii)      
        The Company or any subsidiary of the Company shall default in any of its
        obligations under any other debenture or any mortgage, credit agreement or
        other
        facility, indenture agreement, factoring agreement or other instrument under
        which there may be issued, or by which there may be secured or evidenced
        any
        indebtedness for borrowed money or money due under any long term leasing
        or
        factoring arrangement of the Company or any subsidiary of the Company in
        an
        amount exceeding $100,000, whether such indebtedness now exists or shall
        hereafter be created and such default shall result in such indebtedness becoming
        or being declared due and payable prior to the date on which it would otherwise
        become due and payable;

                  (iv)      
        If the Common Stock is quoted or listed for trading on any of the following
        and
        it ceases to be so quoted or listed for trading and shall not again be quoted
        or
        listed for trading on any Primary Market within five (5) Trading Days of
        such
        delisting: (a) the American Stock Exchange, (b) New York Stock Exchange,
        (c) the
        Nasdaq Global Market, (d) the Nasdaq Capital Market, or (e) the Nasdaq OTC
        Bulletin Board (“OTCBB”) (each, a “Primary Market”);

                  (v)       
        The Company or any subsidiary of the Company shall be a party to any Change
        of
        Control Transaction (as defined in Section 6) unless in connection with such
        Change of Control Transaction this Debenture is retired; 

                  (vi)      
        The Company shall fail to file the Underlying Shares Registration Statement
        with
        the Commission, or the Underlying Shares Registration Statement shall not
        have
        been declared effective by the Commission, in each case within thirty (30)
        days
        of the periods set forth in the Registration Rights Agreement (“Registration
        Rights Agreement”) dated May ____, 2007 among the Company and each Buyer
        listed on Schedule I attached thereto, or, while the Underlying Shares
        Registration Statement is required to be maintained effective pursuant to
        the
        terms of the Investor Registration Rights Agreement, the effectiveness of
        the
        Underlying Shares Registration Statement lapses for any reason (including,
        without limitation, the issuance of a stop order) or is unavailable to the
        Holder for sale of all of the Holder’s Registrable Securities (as defined in the
        Investor Registration Rights Agreement) in accordance with the terms of the
        Investor Registration Rights Agreement, and such lapse or unavailability continues for a period of more than
        ten (10) consecutive
        Trading Days or for more than an aggregate of twenty (20) days in any 365-day
        period (which need not be consecutive);

      
        
          
          

        

        
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              (vii)     
        the Company's (A) failure to cure a Conversion Failure by delivery of the
        required number of shares of Common Stock within five (5) Business Days after
        the applicable Conversion Failure or (B) notice, written or oral, to any
        holder
        of the Debentures, including by way of public announcement, at any time,
        of its
        intention not to comply with a request for conversion of any Debentures into
        shares of Common Stock that is tendered in accordance with the provisions
        of the
        Debentures, other than pursuant to Section 4(c);

              (viii)     
        The Company shall fail for any reason to deliver the payment in cash pursuant
        to
        a Buy-In (as defined herein) within three (3) Business Days after such payment
        is due; 

              (ix)      
        The Company shall fail to observe or perform any other covenant, agreement
        or
        warranty contained in, or otherwise commit any breach or default of any
        provision of this Debenture (except as may be covered by Section 2(a)(i)
        through
        2(a)(vii) hereof) or any Transaction Document (as defined in Section 16)
        which
        is not cured within the time prescribed.

              (x)       
        any Event of Default (as defined in the Other Debentures) occurs with respect
        to
        any Other Debentures.

              (b)       
        During the time that any portion of this Debenture is outstanding, if any
        Event
        of Default has occurred, the full unpaid Principal amount of this Debenture,
        together with interest and other amounts owing in respect thereof, to the
        date
        of acceleration shall become at the Holder's election, immediately due and
        payable in cash; provided however, the Holder may request (but shall have
        no
        obligation to request) payment of such amounts in Common Stock of the
        Company.  Furthermore, in addition to any other remedies, the Holder shall
        have the right (but not the obligation) to convert this Debenture at any
        time
        after (x) an Event of Default or (y) the Maturity Date at the lower of (i)
        the
        Conversion Price; (ii) the Company Conversion Price; and (iii) twenty percent
        (20%) of the Volume Weighted Average Price on the Closing Date (or the preceding
        Trading Day if the Closing Date is not a Trading Day).  The Holder need not
        provide and the Company hereby waives any presentment, demand, protest or
        other
        notice of any kind, (other than required notice of conversion) and the Holder
        may immediately and without expiration of any grace period enforce any and
        all
        of its rights and remedies hereunder and all other remedies available to
        it
        under applicable law. Such declaration may be rescinded and annulled by Holder
        at any time prior to payment hereunder. No such rescission or annulment shall
        affect any subsequent Event of Default or impair any right consequent
        thereon.  

      
        
          
          

        

        
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          (3)       
        COMPANY INSTALLMENT CONVERSION OR REDEMPTION.  

          (a)       
        General.  On each applicable Installment Date, the Company shall pay
        to the Holder of this Debenture the Installment Amount due on such date by
        converting such Installment Amount into shares of Common Stock of the Company,
        provided that there is not then an Equity Conditions Failure, in accordance
        with
        this Section 3 (a "Company Conversion");
provided, however,
        that the Company may, at its option following notice to the Holder, redeem
        such
        Installment Amount (a "Company Redemption") or by any combination of a
        Company Conversion and a Company Redemption so long as all of the outstanding
        applicable Installment Amount shall be converted and/or redeemed by the Company
        on the applicable Installment Date, subject to the provisions of this Section
        3.  On or prior to the date which is the tenth (10th) Trading
        Day prior to each Installment Date (each, an "Installment Notice Due
        Date"), the Company shall deliver written notice (each, a "Company
        Installment Notice"), to the Holder which Company Installment Notice shall
        (i) either (A) confirm that the applicable Installment Amount of the Holder’s
        Debenture shall be converted in whole pursuant to a Company Conversion or
        (B)
        (1) state that the Company elects to redeem, or is required to redeem in
        accordance with the provisions of the Debenture, in whole or in part, the
        applicable Installment Amount pursuant to a Company Redemption and (2) specify
        the portion (including Interest) which the Company elects or is required
        to
        redeem pursuant to a Company Redemption (such amount to be redeemed, the
        "Company Redemption Amount") and the portion (including Interest), if
        any, that the Company elects to convert pursuant to a Company Conversion
        (such
        amount a "Company Conversion Amount") which amounts when added together,
        must equal the applicable Installment Amount and (ii) if the Installment
        Amount
        is to be paid, in whole or in part, pursuant to a Company Conversion, certify
        that there is not then an Equity Conditions Failure as of the date of the
        Company Installment Notice.  If the Company elects to pay the Installment
        Amount, or any portion thereof, through Company Conversion, it shall include,
        in
        its Company Installment Notice, the Company’s best estimate of the number of
        shares eligible for resale pursuant to an effective registration statement
        as of
        the applicable Installment Date.  Each Company Installment Notice shall be
        irrevocable.  If the Company does not timely deliver a Company Installment
        Notice in accordance with this Section 3, then the Company shall be deemed
        to
        have delivered an irrevocable Company Installment Notice confirming a Company
        Conversion and shall be deemed to have certified that there is not then an
        Equity Conditions Failure in connection with any such conversion.  The
        Company Conversion Amount (whether set forth in the Company Installment Notice
        or by operation of this Section 3) shall be converted in accordance with
        Section
        3(b) and the Company Redemption Amount shall be paid in accordance with Section
        3(c).  

          (b)       
        Mechanics of Company Conversion.  Subject to Section 3(d), if the
        Company delivers a Company Installment Notice and elects, or is deemed to
        have
        elected, in whole or in part, a Company Conversion in accordance with Section
        3(a), then the applicable Company Conversion Amount, if any, which remains
        outstanding as of the applicable Installment Date shall be converted as of
        the
        applicable Installment Date by converting on such Installment Date such Company
        Conversion Amount at the Company Conversion Price; provided that the Equity
        Conditions are then satisfied (or waived in writing by the Holder) on such
        Installment Date and that the Holder Pro Rata Amount of the Installment Volume
        Limitation is not exceeded.  If the Equity Conditions are not satisfied (or
        waived in writing by the Holder) on such Installment Date or the Holder Pro
        Rata
        Amount of the Installment Volume Limitation is exceeded, then at the option
        of
        the Holder designated in writing to the Company, the Holder may require the
        Company to do any one or more of the following: (i) the Company shall redeem
        all
        or any part of the unconverted Company Conversion Amount designated by the
        Holder (such designated amount is referred to as the "Unconverted Redemption
        Amount") and the Company shall pay to the Holder within three (3) days of
        such Installment Date, by wire transfer of immediately available funds, an
        amount in cash equal to such Unconverted

      
        
          
          

        

        
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      Redemption Amount, and/or (ii) the Company Conversion
        shall be
        null and void with respect to all or any part of the unconverted Company
        Conversion Amount designated by the Holder and the Holder shall be entitled
        to
        all the rights of a holder of this Debenture with respect to such designated
        amount of the Company Conversion Amount; provided, however, that the Conversion
        Price for such unconverted Company Conversion Amount shall thereafter be
        adjusted to equal the lesser of (A) the Company Conversion Price as in effect
        on
        the date on which the Holder voided the Company Conversion and (B) the Company
        Conversion Price as in effect on the date on which the Holder delivers a
        Conversion Notice relating thereto.  If the Company fails to redeem any
        Unconverted Redemption Amount by the third (3rd) day following the
        applicable Installment Date, then the Holder shall have all rights under
        this
        Debenture (including, without limitation, such failure constituting an Event
        of
        Default).  Notwithstanding anything to the contrary in this Section 3(b),
        but subject to Section 4(c)(i), until the Company delivers Common Stock
        representing the Company Conversion Amount to the Holder, the Company Conversion
        Amount may be converted by the Holder into Common Stock pursuant to Section
        4.  In the event that the Holder elects to convert the Company Conversion
        Amount prior to the applicable Installment Date as set forth in the immediately
        preceding sentence, the Company Conversion Amount so converted shall be deducted
        from the Installment Amounts relating to the applicable Installment Dates
        as set
        forth in the applicable Conversion Notice.

          (c)       
        Mechanics of Company Redemption.  If the Company elects a Company
        Redemption in accordance with Section 3(a), then the Company Redemption Amount,
        if any, which is to be paid to the Holder on the applicable Installment Date
        shall be redeemed by the Company on such Installment Date, and the Company
        shall
        pay to the Holder on such Installment Date, by wire transfer of immediately
        available funds, in an amount in cash (the "Company Installment Redemption
        Price") equal to 100% of the Principal portion of the Company Redemption
        Amount plus accrued and unpaid Interest.  If the Company fails to redeem
        the Company Redemption Amount on the applicable Installment Date by payment
        of
        the Company Installment Redemption Price on such date, then at the option
        of the
        Holder designated in writing to the Company (any such designation,
        "Conversion Notice" for purposes of this Debenture), the Holder may
        require the Company to convert all or any part of the Company Redemption
        Amount
        into shares of Common Stock of the Company at the Company Conversion
        Price.  Conversions required by this Section 3(c) shall be made in
        accordance with the provisions of Section 4(b).  Notwithstanding anything
        to the contrary in this Section 3(c), but subject to Section 4(c)(i), until
        the
        Company Installment Redemption Price (together with any interest thereon)
        is
        paid in full, the Company Redemption Amount (together with any interest thereon)
        may be converted, in whole or in part, by the Holder into Common Stock pursuant
        to Section 4.  In the event the Holder elects to convert all or any portion
        of the Company Redemption Amount prior to the applicable Installment Date
        as set
        forth in the immediately preceding sentence, the Company Redemption Amount
        so
        converted shall be deducted from the Installment Amounts relating to the
        applicable Installment Dates as set forth in the applicable Conversion
        Notice.

          (d)       
        Deferred Installment Amount.  Notwithstanding any provision of this
        Section 3 to the contrary, the Holder may, at its option and in its sole
        discretion, deliver a written notice to the Company at least two (2) days
        prior
        to any Installment Notice Due Date electing to have the payment of all or
        any
        portion of an Installment Amount payable on the next Installment Date deferred to the Maturity Date.  Any amount deferred
        to the Maturity Date pursuant to this Section 3(d) shall continue to accrue
        Interest through the Maturity Date.

      
        
          
          

        

        
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          (e)       
        Cancellation of Installment Amount.  Notwithstanding any provision
        of this Section 3 to the contrary, in the event that the Volume Weighted
        Average
        Price of the Common Stock equals or exceeds 115% of the applicable Conversion
        Price for each of the five (5) consecutive Trading Days immediately preceding
        the Installment Notice Due Date and no Event of Default has occurred then,
        at
        the Company’s discretion, the Installment Amount payable on such Installment
        Date may be deferred to the Maturity Date.  Any amount deferred to the
        Maturity Date pursuant to this Section 3(e) shall continue to accrue Interest
        through the Maturity Date. 

          (f)        
        Company’s Additional Cash Redemption.  The Company at its option
        shall have the right to redeem (“Optional Redemption”) a portion or all
        amounts outstanding under this Debenture in addition to any Installment Amount
        prior to the Maturity Date provided that as of the date of the Holder’s receipt
        of a Redemption Notice (as defined herein) (i) the Closing Bid Price is less
        than the Conversion Price, (ii) the Underlying Shares Registration Statement
        is
        effective, and (iii) no Event of Default has occurred.  The Company shall
        pay an amount equal to the principal amount being redeemed plus a redemption
        premium (“Redemption Premium”) equal to ten percent (10%) of the
        Principal amount being redeemed, and accrued Interest, (collectively referred
        to
        as the “Company AdditionalRedemption Amount”).  In order to
        make a redemption pursuant to this Section, the Company shall first provide
        written notice to the Holder of its intention to make a redemption (the
“Redemption Notice”) setting forth the amount of Principal it desires to
        redeem.  After receipt of the Redemption Notice the Holder shall have three
        (3) Business Days to elect to convert all or any portion of this Debenture,
        subject to the limitations set forth in Section 4(b).  On the fourth (4th)
        Business Day after the Redemption Notice, the Company shall deliver to the
        Holder the Company Additional Redemption Amount with respect to the Principal
        amount redeemed after giving effect to conversions effected during the three
        (3)
        Business Day period.

          (4)       
        CONVERSION OF DEBENTURE.    This Debenture shall be
        convertible into shares of the Company's Common Stock, on the terms and
        conditions set forth in this Section 4.

          (a)       
        Conversion Right.  Subject to the provisions of Section 4(c), at any
        time or times on or after the Issuance Date, the Holder shall be entitled
        to
        convert any portion of the outstanding and unpaid Conversion Amount (as defined
        below) into fully paid and nonassessable shares of Common Stock in accordance
        with Section 4(b), at the Conversion Rate (as defined below).  The number
        of shares of Common Stock issuable upon conversion of any Conversion Amount
        pursuant to this Section 4(a) shall be determined by dividing (x) such
        Conversion Amount by (y) the Conversion Price (the "Conversion
        Rate").  The Company shall not issue any fraction of a share of Common
        Stock upon any conversion.  If the issuance would result in the issuance of
        a fraction of a share of Common Stock, the Company shall round such fraction
        of
        a share of Common Stock up to the nearest whole share.  The Company shall
        pay any and all transfer, stamp and similar taxes that may be payable with
        respect to the issuance and delivery of Common Stock upon conversion of any
        Conversion Amount.  

              (i)        
        "Conversion Amount" means the portion of the Principal to be converted,
        redeemed or otherwise with respect to which this determination is being
        made.

              (ii)       
        "Conversion Price" means, as of any Conversion Date (as defined below) or
        other date of determination, $0.50, subject to adjustment as provided
        herein.  

      
        
          
          

        

        
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          (b)       
        Mechanics of Conversion.

              (i)        
        Optional Conversion.  To convert any Conversion Amount into shares
        of Common Stock on any date (a "Conversion Date"), the Holder shall (A)
        transmit by facsimile (or otherwise deliver), for receipt on or prior to
        11:59
        p.m., New York Time, on such date, a copy of an executed notice of conversion
        in
        the form attached hereto as Exhibit I (the "Conversion Notice") to
        the Company and (B) if required by Section 4(b)(iv), surrender this Debenture
        to
        a nationally recognized overnight delivery service for delivery to the Company
        (or an indemnification undertaking reasonably satisfactory to the Company
        with
        respect to this Debenture in the case of its loss, theft or destruction). 
On or before the third Business Day following the date of receipt of a
        Conversion Notice (the "Share DeliveryDate"), the Company shall
        (X) if legends are not required to be placed on certificates of Common Stock
        pursuant to the Securities Purchase Agreement and provided that the Transfer
        Agent is participating in the Depository Trust Company's ("DTC") Fast
        Automated Securities Transfer Program, credit such aggregate number of shares
        of
        Common Stock to which the Holder shall be entitled to the Holder's or its
        designee's balance account with DTC through its Deposit Withdrawal Agent
        Commission system or (Y) if the Transfer Agent is not participating in the
        DTC
        Fast Automated Securities Transfer Program, issue and deliver to the address
        as
        specified in the Conversion Notice, a certificate, registered in the name
        of the
        Holder or its designee, for the number of shares of Common Stock to which
        the
        Holder shall be entitled which certificates shall not bear any restrictive
        legends unless required pursuant to Section 2(g) of the Securities Purchase
        Agreement.  If this Debenture is physically surrendered for conversion and
        the outstanding Principal of this Debenture is greater than the Principal
        portion of the Conversion Amount being converted, then the Company shall
        as soon
        as practicable and in no event later than three (3) Business Days after receipt
        of this Debenture and at its own expense, issue and deliver to the holder
        a new
        Debenture representing the outstanding Principal not converted.  The Person
        or Persons entitled to receive the shares of Common Stock issuable upon a
        conversion of this Debenture shall be treated for all purposes as the record
        holder or holders of such shares of Common Stock upon the transmission of
        a
        Conversion Notice.  In the event of a partial conversion of this Debenture
        pursuant hereto, the principal amount converted shall be deducted from the
        Installment Amounts relating to the Installment Dates as set forth in the
        Conversion Notice.

              (ii)       
        Company's Failure to Timely Convert.  If within three (3) Trading
        Days after the Company's receipt of the facsimile copy of a Conversion Notice
        the Company shall fail to issue and deliver a certificate to the Holder or
        credit the Holder's balance account with DTC for the number of shares of
        Common
        Stock to which the Holder is entitled upon such holder's conversion of any
        Conversion Amount (a "Conversion Failure"), and if on or after such
        Trading Day the Holder purchases (in an open market transaction or otherwise)
        Common Stock to deliver in satisfaction of a sale by the Holder of Common
        Stock
        issuable upon such conversion that the Holder anticipated receiving from
        the
        Company (a "Buy-In"), then the Company shall, within
        three (3) Business Days after the Holder's request and in the Holder's
        discretion, either (i) pay cash to the Holder in an amount equal to the Holder's
        total purchase price (including brokerage commissions and other out of pocket
        expenses, if any) for the shares of Common Stock so purchased (the "Buy-In
        Price"), at which point the Company's obligation to deliver such certificate
        (and to issue such Common Stock) shall terminate, or (ii) promptly honor
        its
        obligation to deliver to the Holder a certificate or certificates representing
        such Common Stock and pay cash to the Holder in an amount equal to the excess
        (if any) of the Buy-In Price over the product of (A) such number of shares
        of
        Common Stock, times (B) the Closing Bid Price on the Conversion
        Date.

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

              (iii)      
        Book-Entry. Notwithstanding anything to the contrary set forth herein,
        upon conversion of any portion of this Debenture in accordance with the terms
        hereof, the Holder shall not be required to physically surrender this Debenture
        to the Company unless (A) the full Conversion Amount represented by this
        Debenture is being converted or (B) the Holder has provided the Company with
        prior written notice (which notice may be included in a Conversion Notice)
        requesting reissuance of this Debenture upon physical surrender of this
        Debenture.  The Holder and the Company shall maintain records showing the
        Principal and Interest converted and the dates of such conversions or shall
        use
        such other method, reasonably satisfactory to the Holder and the Company,
        so as
        not to require physical surrender of this Debenture upon
        conversion.

          (c) 
        Limitations on Conversions.

              (i)        
        Beneficial Ownership.  The Company shall not effect any conversions
        of this Debenture and the Holder shall not have the right to convert any
        portion
        of this Debenture or receive shares of Common Stock as payment of interest
        hereunder to the extent that after giving effect to such conversion or receipt
        of such interest payment, the Holder, together with any affiliate thereof,
        would
        beneficially own (as determined in accordance with Section 13(d) of the Exchange
        Act and the rules promulgated thereunder) in excess of 4.99% of the number
        of
        shares of Common Stock outstanding immediately after giving effect to such
        conversion or receipt of shares as payment of interest.    Since
        the Holder will not be obligated to report to the Company the number of shares
        of Common Stock it may hold at the time of a conversion hereunder, unless
        the
        conversion at issue would result in the issuance of shares of Common Stock
        in
        excess of 4.99% of the then outstanding shares of Common Stock without regard
        to
        any other shares which may be beneficially owned by the Holder or an affiliate
        thereof, the Holder shall have the authority and obligation to determine
        whether
        the restriction contained in this Section will limit any particular conversion
        hereunder and to the extent that the Holder determines that the limitation
        contained in this Section applies, the determination of which portion of
        the
        principal amount of this Debenture is convertible shall be the responsibility
        and obligation of the Holder.  If the Holder has delivered a Conversion
        Notice for a principal amount of this Debenture that, without regard to any
        other shares that the Holder or its affiliates may beneficially own, would
        result in the issuance in excess of the permitted amount hereunder, the Company
        shall notify the Holder of this fact and shall honor the conversion for the
        maximum principal amount permitted to be converted on such Conversion Date
        in
        accordance with Section 4(a) and, any principal amount tendered for conversion
        in excess of the permitted amount hereunder shall remain outstanding under
        this
        Debenture. The provisions of this Section may be waived by a
        Holder (but only as to itself and not to any other Holder) upon not less
        than 65
        days prior notice to the Company. Other Holders shall be unaffected by any
        such
        waiver.

          (d) 
Other
        Provisions.

              (i)        
        The Company shall at all times reserve and keep available out of its authorized
        Common Stock the full number of shares of Common Stock issuable upon conversion
        of all outstanding amounts under this Debenture; and within three (3) Business
        Days following the receipt by the Company of a Holder's notice that such
        minimum
        number of Underlying Shares is not so reserved, the Company shall promptly
        reserve a sufficient number of shares of Common Stock to comply with such
        requirement.

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

              (ii)       
        All calculations under this Section 4 shall be rounded to the nearest $0.0001
        or
        whole share.

              (iii)      
        The Company covenants that it will at all times reserve and keep available
        out
        of its authorized and unissued shares of Common Stock solely for the purpose
        of
        issuance upon conversion of this Debenture and payment of interest on this
        Debenture, each as herein provided, free from preemptive rights or any other
        actual contingent purchase rights of persons other than the Holder, not less
        than such number of shares of the Common Stock as shall (subject to any
        additional requirements of the Company as to reservation of such shares set
        forth in this Debenture or in the Transaction Documents) be issuable (taking
        into account the adjustments and restrictions set forth herein) upon the
        conversion of the outstanding principal amount of this Debenture and payment
        of
        interest hereunder. The Company covenants that all shares of Common Stock
        that
        shall be so issuable shall, upon issue, be duly and validly authorized, issued
        and fully paid, nonassessable and, if the Underlying Shares Registration
        Statement has been declared effective under the Securities Act, registered
        for
        public sale in accordance with such Underlying Shares Registration
        Statement.

              (iv)      
        Nothing herein shall limit a Holder's right to pursue actual damages or declare
        an Event of Default pursuant to Section 2 herein for the Company 's failure
        to
        deliver certificates representing shares of Common Stock upon conversion
        within
        the period specified herein and such Holder shall have the right to pursue
        all
        remedies available to it at law or in equity including, without limitation,
        a
        decree of specific performance and/or injunctive relief, in each case without
        the need to post a bond or provide other security. The exercise of any such
        rights shall not prohibit the Holder from seeking to enforce damages pursuant
        to
        any other Section hereof or under applicable law. 

          (5) 
        Adjustments to Conversion Price

          (a) 
        Adjustment of Conversion Price upon Issuance of Common Stock.  If
        the Company, at any time while this Debenture is outstanding, issues or sells,
        or in accordance with this Section 5(a) is deemed to have issued or sold,
        any
        shares of Common Stock, excluding shares of Common Stock deemed to have been
        issued or sold by the Company in connection with any Excluded Securities,
        for a
        consideration per share (the “New Issuance Price”) less than a price
        equal to the Conversion Price in effect immediately prior to such issue or
        sale
        (such price the "Applicable Price") (the foregoing a
        "Dilutive Issuance"), then immediately after such Dilutive Issuance the
        Conversion Price then in effect shall be reduced to an amount equal to the
        New
        Issuance Price.  For purposes of determining the adjusted Conversion Price
        under this Section 5(a), the following shall be applicable:

                  (i)        
        Issuance of Options.  If the Company in any manner grants or sells
        any Options and the lowest price per share for which one share of Common
        Stock
        is issuable upon the exercise of any such Option or upon conversion or exchange
        or exercise of any Convertible Securities issuable upon exercise of such
        Option
        is less than the Applicable Price, then such share of Common Stock shall
        be
        deemed to be outstanding and to have been issued and sold by the Company
        at the
        time of the granting or sale of such Option for such price per share.  For
        purposes of this Section, the "lowest price per share for which one share
        of
        Common Stock is issuable upon the exercise of any such Option or upon conversion
        or exchange or exercise of any Convertible Securities issuable upon exercise
        of
        such Option" shall be equal to the sum of the lowest amounts of consideration
        (if any) received or receivable by the Company with respect to any one share
        of
        Common Stock upon granting or sale of the Option, upon exercise of the Option
        and upon conversion or exchange or exercise of any Convertible Security issuable
        upon exercise of such Option.  No further adjustment of the Conversion
        Price shall be made upon the actual issuance of such share of Common Stock
        or of
        such Convertible Securities upon the exercise of such Options or upon the
        actual
        issuance of such Common Stock upon conversion or exchange or exercise of
        such
        Convertible Securities.

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

                  (ii)       
        Issuance of Convertible Securities.  If the Company in any manner
        issues or sells any Convertible Securities and the lowest price per share
        for
        which one share of Common Stock is issuable upon such conversion or exchange
        or
        exercise thereof is less than the Applicable Price, then such share of Common
        Stock shall be deemed to be outstanding and to have been issued and sold
        by the
        Company at the time of the issuance or sale of such Convertible Securities
        for
        such price per share.  For the purposes of this Section, the "lowest price
        per share for which one share of Common Stock is issuable upon such conversion
        or exchange or exercise" shall be equal to the sum of the lowest amounts
        of
        consideration (if any) received or receivable by the Company with respect
        to any
        one share of Common Stock upon the issuance or sale of the Convertible Security
        and upon the conversion or exchange or exercise of such Convertible
        Security.  No further adjustment of the Conversion Price shall be made upon
        the actual issuance of such share of Common Stock upon conversion or exchange
        or
        exercise of such Convertible Securities, and if any such issue or sale of
        such
        Convertible Securities is made upon exercise of any Options for which adjustment
        of the Conversion Price had been or are to be made pursuant to other provisions
        of this Section, no further adjustment of the Conversion Price shall be made
        by
        reason of such issue or sale.

              (iii)      
        Change in Option Price or Rate of Conversion.  If the purchase price
        provided for in any Options, the additional consideration, if any, payable
        upon
        the issue, conversion, exchange or exercise of any Convertible Securities,
        or
        the rate at which any Convertible Securities are convertible into or
        exchangeable or exercisable for Common Stock changes at any time, the Conversion
        Price in effect at the time of such change shall be adjusted to the Conversion
        Price which would have been in effect at such time had such Options or
        Convertible Securities provided for such changed purchase price, additional
        consideration or changed conversion rate, as the case may be, at the time
        initially granted, issued or sold.  For purposes of
        this Section, if the terms of any Option or Convertible Security that was
        outstanding as of the Issuance Date are changed in the manner described in
        the
        immediately preceding sentence, then such Option or Convertible Security
        and the
        Common Stock deemed issuable upon exercise, conversion or exchange thereof
        shall
        be deemed to have been issued as of the date of such change.  No adjustment
        shall be made if such adjustment would result in an increase of the Conversion
        Price then in effect.

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

              (iv)      
        Calculation of Consideration Received.  In case any Option is issued
        in connection with the issue or sale of other securities of the Company,
        together comprising one integrated transaction in which no specific
        consideration is allocated to such Options by the parties thereto, the Options
        will be deemed to have been issued for the difference of (x) the aggregate
        fair
        market value of such Options and other securities issued or sold in such
        integrated transaction, less (y) the fair market value of the securities
        other
        than such Option, issued or sold in such transaction and the other securities
        issued or sold in such integrated transaction will be deemed to have been
        issued
        or sold for the balance of the consideration received by the Company.  If
        any Common Stock, Options or Convertible Securities are issued or sold or
        deemed
        to have been issued or sold for cash, the consideration received therefor
        will
        be deemed to be the gross amount raised by the Company; provided, however,
        that
        such gross amount is not greater than 110% of the net amount received by
        the
        Company therefor.  If any Common Stock, Options or Convertible Securities
        are issued or sold for a consideration other than cash, the amount of the
        consideration other than cash received by the Company will be the fair value
        of
        such consideration, except where such consideration consists of securities,
        in
        which case the amount of consideration received by the Company will be the
        Closing Bid Price of such securities on the date of receipt.  If any Common
        Stock, Options or Convertible Securities are issued to the owners of the
        non-surviving entity in connection with any merger in which the Company is
        the
        surviving entity, the amount of consideration therefor will be deemed to
        be the
        fair value of such portion of the net assets and business of the non-surviving
        entity as is attributable to such Common Stock, Options or Convertible
        Securities, as the case may be.  The fair value of any consideration other
        than cash or securities will be determined jointly by the Company and the
        Holder.  If such parties are unable to reach agreement within ten (10) days
        after the occurrence of an event requiring valuation (the "Valuation
        Event"), the fair value of such consideration will be determined within five
        (5) Business Days after the tenth (10th) day following the Valuation
        Event by an independent, reputable appraiser jointly selected by the Company
        and
        the Holder.  The determination of such appraiser shall be deemed binding
        upon all parties absent manifest error and the fees and expenses of such
        appraiser shall be borne by the Company.

              (v)       
        Record Date.  If the Company takes a record of the holders of Common
        Stock for the purpose of entitling them (A) to receive a dividend or other
        distribution payable in Common Stock, Options or in Convertible Securities
        or
        (B) to subscribe for or purchase Common Stock, Options or Convertible
        Securities, then such record date will be deemed to be the date of the issue
        or
        sale of the Common Stock deemed to have been issued or sold upon the declaration
        of such dividend or the making of such other distribution or the date of
        the
        granting of such right of subscription or purchase, as the case may
        be.

          (b) 
        Adjustment of Conversion Price upon Subdivision or Combination of Common
        Stock.  If the Company, at any time while this Debenture is
        outstanding, shall (a) pay a stock dividend or
        otherwise make a distribution or distributions on shares of its Common Stock
        or
        any other equity or equity equivalent securities payable in shares of Common
        Stock, (b) subdivide outstanding shares of Common Stock into a larger number
        of
        shares, (c) combine (including by way of reverse stock split) outstanding
        shares
        of Common Stock into a smaller number of shares, or (d) issue by
        reclassification of shares of the Common Stock any shares of capital stock
        of
        the Company, then the Conversion Price shall be multiplied by a fraction
        of
        which the numerator shall be the number of shares of Common Stock (excluding
        treasury shares, if any) outstanding before such event and of which the
        denominator shall be the number of shares of Common Stock outstanding after
        such
        event. Any adjustment made pursuant to this Section shall become effective
        immediately after the record date for the determination of stockholders entitled
        to receive such dividend or distribution and shall become effective immediately
        after the effective date in the case of a subdivision, combination or
        re-classification.

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

        

          (c) 
Purchase
        Rights.  If at any time the Company grants, issues or sells any
        Options, Convertible Securities or rights to purchase stock, warrants,
        securities or other property pro rata to the record holders of any class
        of
        Common Stock (the "Purchase Rights"), then the Holder will be entitled to
        acquire, upon the terms applicable to such Purchase Rights, the aggregate
        Purchase Rights which the Holder could have acquired if the Holder had held
        the
        number of shares of Common Stock acquirable upon complete conversion of this
        Debenture (without taking into account any limitations or restrictions on
        the
        convertibility of this Debenture) immediately before the date on which a
        record
        is taken for the grant, issuance or sale of such Purchase Rights, or, if
        no such
        record is taken, the date as of which the record holders of Common Stock
        are to
        be determined for the grant, issue or sale of such Purchase Rights.

          (d) 
Other
        Events.  If any event occurs of the type contemplated by the provisions
        of this Section 4 but not expressly provided for by such provisions (including,
        without limitation, the granting of stock appreciation rights, phantom stock
        rights or other rights with equity features), then the Company's Board of
        Directors will make an appropriate adjustment in the Conversion Price so
        as to
        protect the rights of the Holder under this Debenture; provided that no such
        adjustment will increase the Conversion Price as otherwise determined pursuant
        to this Section 5.

          (e) 
Other
        Corporate Events.  In addition to and not in substitution for any other
        rights hereunder, prior to the consummation of any Fundamental Transaction
        pursuant to which holders of shares of Common Stock are entitled to receive
        securities or other assets with respect to or in exchange for shares of Common
        Stock (a "Corporate Event"), the Company shall make appropriate provision
        to insure that the Holder will thereafter have the right to receive upon
        a
        conversion of this Debenture, at the Holder's option, (i) in addition to
        the
        shares of Common Stock receivable upon such conversion, such securities or
        other
        assets to which the Holder would have been entitled with respect to such
        shares
        of Common Stock had such shares of Common Stock been held by the Holder upon
        the
        consummation of such Corporate Event (without taking into account any
        limitations or restrictions on the convertibility of this Debenture) or (ii)
        in
        lieu of the shares of Common Stock otherwise receivable upon such conversion,
        such securities or other assets received by the holders of shares of Common
        Stock in connection with the consummation of such Corporate Event in such
        amounts as the Holder would have been entitled to receive had this Debenture
        initially been issued with conversion rights for the form of such consideration
        (as opposed to shares of Common Stock) at a conversion rate
        for such consideration commensurate with the Conversion Rate.  Provision
        made pursuant to the preceding sentence shall be in a form and substance
        satisfactory to the Required Holders.  The provisions of this Section shall
        apply similarly and equally to successive Corporate Events and shall be applied
        without regard to any limitations on the conversion or redemption of this
        Debenture.

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

          (f)  
        Whenever the Conversion Price is adjusted pursuant to Section 5 hereof, the
        Company shall promptly mail to the Holder a notice setting forth the Conversion
        Price after such adjustment and setting forth a brief statement of the facts
        requiring such adjustment.

          (g) 
In
        case of
        any (1) merger or consolidation of the Company or any subsidiary of the Company
        with or into another Person, or (2) sale by the Company or any subsidiary
        of the
        Company of more than one-half of the assets of the Company in one or a series
        of
        related transactions, a Holder shall have the right to (A) exercise any rights
        under Section 2(b), (B) convert the aggregate amount of this Debenture then
        outstanding into the shares of stock and other securities, cash and property
        receivable upon or deemed to be held by holders of Common Stock following
        such
        merger, consolidation or sale, and such Holder shall be entitled upon such
        event
        or series of related events to receive such amount of securities, cash and
        property as the shares of Common Stock into which such aggregate principal
        amount of this Debenture could have been converted immediately prior to such
        merger, consolidation or sales would have been entitled, or (C) in the case
        of a
        merger or consolidation, require the surviving entity to issue to the Holder
        a
        convertible Debenture with a principal amount equal to the aggregate principal
        amount of this Debenture then held by such Holder, plus all accrued and unpaid
        interest and other amounts owing thereon, which such newly issued convertible
        Debenture shall have terms identical (including with respect to conversion)
        to
        the terms of this Debenture, and shall be entitled to all of the rights and
        privileges of the Holder of this Debenture set forth herein and the agreements
        pursuant to which this Debentures was issued. In the case of clause (C),
        the
        conversion price applicable for the newly issued shares of convertible preferred
        stock or convertible Debentures shall be based upon the amount of securities,
        cash and property that each share of Common Stock would receive in such
        transaction and the Conversion Price in effect immediately prior to the
        effectiveness or closing date for such transaction. The terms of any such
        merger, sale or consolidation shall include such terms so as to continue
        to give
        the Holder the right to receive the securities, cash and property set forth
        in
        this Section upon any conversion or redemption following such event. This
        provision shall similarly apply to successive such events.

          (6)       
        REISSUANCE OF THIS DEBENTURE.

          (a)       
        Transfer.  If this Debenture is to be transferred, the Holder shall
        surrender this Debenture to the Company, whereupon the Company will, subject
        to
        the satisfaction of the transfer provisions of the Securities Purchase
        Agreement, forthwith issue and deliver upon the order of the Holder a new
        Debenture (in accordance with Section 5(d)), registered in the name of the
        registered transferee or assignee, representing the outstanding Principal
        being
        transferred by the Holder and, if less then the entire outstanding Principal
        is
        being transferred, a new Debenture (in accordance with Section 5(d)) to the
        Holder representing the outstanding Principal not being transferred.  The
        Holder and any assignee, by acceptance of this Debenture,
        acknowledge and agree that, by reason of the provisions of Section 4(b)(iii)
        following conversion or redemption of any portion of this Debenture, the
        outstanding Principal represented by this Debenture may be less than the
        Principal stated on the face of this Debenture.

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

       

          (b)       
        Lost, Stolen or Mutilated Debenture.  Upon receipt by the Company of
        evidence reasonably satisfactory to the Company of the loss, theft, destruction
        or mutilation of this Debenture, and, in the case of loss, theft or destruction,
        of any indemnification undertaking by the Holder to the Company in customary
        form and, in the case of mutilation, upon surrender and cancellation of this
        Debenture, the Company shall execute and deliver to the Holder a new Debenture
        (in accordance with Section 5(d)) representing the outstanding
        Principal.

          (c)       
        Debenture Exchangeable for Different Denominations.  This Debenture
        is exchangeable, upon the surrender hereof by the Holder at the principal
        office
        of the Company, for a new Debenture or Debentures (in accordance with Section
        5(d)) representing in the aggregate the outstanding Principal of this Debenture,
        and each such new Debenture will represent such portion of such outstanding
        Principal as is designated by the Holder at the time of such
        surrender.

          (d)       
        Issuance of New Debentures.  Whenever the Company is required to
        issue a new Debenture pursuant to the terms of this Debenture, such new
        Debenture (i) shall be of like tenor with this Debenture, (ii) shall represent,
        as indicated on the face of such new Debenture, the Principal remaining
        outstanding (or in the case of a new Debenture being issued pursuant to Section
        5(a) or Section 5(c), the Principal designated by the Holder which, when
        added
        to the principal represented by the other new Debentures issued in connection
        with such issuance, does not exceed the Principal remaining outstanding under
        this Debenture immediately prior to such issuance of new Debentures), (iii)
        shall have an issuance date, as indicated on the face of such new Debenture,
        which is the same as the Issuance Date of this Debenture, (iv) shall have
        the
        same rights and conditions as this Debenture, and (v) shall represent accrued
        and unpaid Interest from the Issuance Date.

          (7)       
        NOTICES.      Any notices, consents, waivers or
        other communications required or permitted to be given under the terms hereof
        must be in writing and will be deemed to have been delivered:  (i) upon
        receipt, when delivered personally; (ii) upon receipt, when sent by facsimile
        (provided confirmation of transmission is mechanically or electronically
        generated and kept on file by the sending party); or (iii) one (1) Trading
        Day
        after deposit with a nationally recognized overnight delivery service, in
        each
        case properly addressed to the party to receive the same.  The addresses
        and facsimile numbers for such communications shall be:

      	

              If
                to the Company, to:

            	
              Unicorp, Inc.

            
	
               

            	
              5075 Westheimer Road, Suite
                975

            
	
               

            	
              Houston, TX 77056

            
	
               

            	
              Attention:
                         Kevan Casey

            
	
               

            	
              Telephone:       
                (713) 402-6717

            
	
               

            	
              Facsimile:        
                (713) 402-6799

            
	
               

            	
               

            
	
              With a copy to: 

            	
              Sichenzia
                Ross Friedman Ference LLP

            
	
               

            	
              61
                Broadway, 32nd Floor

            
	
               

            	
              New
                York, New York 10006

            
	
               

            	
              Attention: 
                Marc Ross, Esq.

            
	
               

            	
              Telephone: 
                (212) 930-9700

            
	
               

            	
              Facsimile: 
                (212) 930-9725

            

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      	
              If to the Holder:

            	
              Cornell Capital Partners, LP

            
	
               

            	
              101 Hudson Street, Suite 3700

            
	
               

            	
              Jersey City, NJ  07303

            
	
               

            	
              Attention:         
                Mark Angelo

            
	
               

            	
              Telephone:       
                (201) 985-8300

            
	
               

            	
               

            
	
              With
                a copy to:

            	
              Troy Rillo or David Gonzalez, Esq.
                

            
	
               

            	
              101 Hudson Street – Suite
                3700

            
	
               

            	
              Jersey City, NJ 07302

            
	
               

            	
              Telephone:       
                (201) 985-8300

            
	
               

            	
              Facsimile:        
                (201) 985-8266

            
	
               

            	
               

            

       

      or at such other address and/or facsimile number and/or
        to the
        attention of such other person as the recipient party has specified by written
        notice given to each other party three (3) Business Days prior to the
        effectiveness of such change.  Written confirmation of receipt (i) given by
        the recipient of such notice, consent, waiver or other communication, (ii)
        mechanically or electronically generated by the sender's facsimile machine
        containing the time, date, recipient facsimile number and an image of the
        first
        page of such transmission or (iii) provided by a nationally recognized overnight
        delivery service, shall be rebuttable evidence of personal service, receipt
        by
        facsimile or receipt from a nationally recognized overnight delivery service
        in
        accordance with clause (i), (ii) or (iii) above, respectively.

          (8)       
        Except as expressly provided herein, no provision of this Debenture shall
        alter
        or impair the obligations of the Company, which are absolute and unconditional,
        to pay the principal of, interest and other charges (if any)
        on, this Debenture at the time, place, and rate, and in the coin or currency,
        herein prescribed.  This Debenture is a direct obligation of the Company.
        As long as this Debenture is outstanding, the Company shall not and shall
        cause
        their subsidiaries not to, without the consent of the Holder, (i) amend its
        certificate of incorporation, bylaws or other charter documents so as to
        adversely affect any rights of the Holder; (ii) repay, repurchase or offer
        to
        repay, repurchase or otherwise acquire shares of its Common Stock or other
        equity securities other than as to the Underlying Shares to the extent permitted
        or required under the Transaction Documents; or (iii) enter into any agreement
        with respect to any of the foregoing. 

          (9)       
        This Debenture shall not entitle the Holder to any of the rights of a
        stockholder of the Company, including without limitation, the right to vote,
        to
        receive dividends and other distributions, or to receive any notice of, or
        to
        attend, meetings of stockholders or any other proceedings of the Company,
        unless
        and to the extent converted into shares of Common Stock in accordance with
        the
        terms hereof.

          (10)     
        No indebtedness of the Company is senior to this Debenture in right of payment,
        whether with respect to interest, damages or upon liquidation or dissolution
        or
        otherwise.  Without the Holder’s consent, the Company will not and will not
        permit any of their subsidiaries to, directly or indirectly, enter into,
        create,
        incur, assume or suffer to exist any indebtedness of any kind, on or with
        respect to any of its property or assets now owned or hereafter acquired
        or any
        interest therein or any income or profits there from that is senior in any
        respect to the obligations of the Company under this Debenture.

          (11)     
        This Debenture shall be governed by and construed in accordance with the
        laws of
        the State of <?xml:namespace prefix = st1 ns =
        "urn:schemas-microsoft-com:office:smarttags" />New Jersey, without giving
        effect to conflicts of laws thereof.  Each of the parties consents to the
        jurisdiction of the Superior Courts of the State of New Jersey sitting in
        Hudson
        County, New Jersey and the U.S. District Court for the District of New
        Jersey sitting in Newark, New Jersey in connection with any dispute arising
        under this Debenture and hereby waives, to the maximum extent permitted by
        law,
        any objection, including any objection based on forum non conveniens to the
        bringing of any such proceeding in such jurisdictions. 

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

       

          (12)     
        If the Company fails to strictly comply with the terms of this Debenture,
        then
        the Company shall reimburse the Holder promptly for all fees, costs and
        expenses, including, without limitation, attorneys’ fees and expenses incurred
        by the Holder in any action in connection with this Debenture, including,
        without limitation, those incurred: (i) during any workout, attempted workout,
        and/or in connection with the rendering of legal advice as to the Holder’s
        rights, remedies and obligations, (ii) collecting any sums which become due
        to
        the Holder, (iii) defending or prosecuting any proceeding or any counterclaim
        to
        any proceeding or appeal; or (iv) the protection, preservation or enforcement
        of
        any rights or remedies of the Holder.

          (13)     
        Any waiver by the Holder of a breach of any provision of this Debenture shall
        not operate as or be construed to be a waiver of any other breach of such
        provision or of any breach of any other provision of this Debenture. The
        failure
        of the Holder to insist upon strict adherence to any term of this Debenture
        on
        one or more occasions shall not be considered a waiver or
        deprive that party of the right thereafter to insist upon strict adherence
        to
        that term or any other term of this Debenture. Any waiver must be in
        writing.

          (14)     
        If any provision of this Debenture is invalid, illegal or unenforceable,
        the
        balance of this Debenture shall remain in effect, and if any provision is
        inapplicable to any person or circumstance, it shall nevertheless remain
        applicable to all other persons and circumstances. If it shall be found that
        any
        interest or other amount deemed interest due hereunder shall violate applicable
        laws governing usury, the applicable rate of interest due hereunder shall
        automatically be lowered to equal the maximum permitted rate of interest.
        The
        Company covenants (to the extent that it may lawfully do so) that it shall
        not
        at any time insist upon, plead, or in any manner whatsoever claim or take
        the
        benefit or advantage of, any stay, extension or usury law or other law which
        would prohibit or forgive the Company from paying all or any portion of the
        principal of or interest on this Debenture as contemplated herein, wherever
        enacted, now or at any time hereafter in force, or which may affect the
        covenants or the performance of this indenture, and the Company (to the extent
        it may lawfully do so) hereby expressly waives all benefits or advantage
        of any
        such law, and covenants that it will not, by resort to any such law, hinder,
        delay or impeded the execution of any power herein granted to the Holder,
        but
        will suffer and permit the execution of every such as though no such law
        has
        been enacted.

          (15)     
        Whenever any payment or other obligation hereunder shall be due on a day
        other
        than a Business Day, such payment shall be made on the next succeeding Business
        Day.

          (16)     
        THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT
        ANY
        OF THEM MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON
        OR
        ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY TRANSACTION
        DOCUMENT OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER
        VERBAL
        OR WRITTEN) OR ACTIONS OF ANY PARTY.  THIS PROVISION IS A MATERIAL
        INDUCEMENT FOR THE PARTIES’ ACCEPTANCE OF THIS AGREEMENT.

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

       

          (17)     
        CERTAIN DEFINITIONS      For purposes of this
        Debenture, the following terms shall have the following meanings:

              (a)       
        “Approved Stock Plan” means a stock option plan that has been approved by
        the Board of Directors of the Company, pursuant to which the Company’s
        securities may be issued only to any employee, officer, director, or consultant
        for services provided to the Company.

              (b)       
        "Bloomberg" means Bloomberg Financial Markets.

              (c)       
        “Business Day” means any day except Saturday, Sunday and any day which
        shall be a federal legal holiday in the United States or a day on which banking
        institutions are authorized or required by law or other government action
        to
        close.

              (d)       
        “Change of Control Transaction” means the occurrence of (a) an
        acquisition after the date hereof by an individual or legal entity or “group”
(as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of
        effective control (whether through legal or beneficial ownership of capital
        stock of the Company, by contract or otherwise) of in excess of fifty percent
        (50%) of the voting securities of the Company (except that the acquisition
        of
        voting securities by the Holder or any other current holder of convertible
        securities of the Company shall not constitute a Change of Control Transaction
        for purposes hereof), (b) a replacement at one time or over time of more
        than
        one-half of the members of the board of directors of the Company which is
        not
        approved by a majority of those individuals who are members of the board
        of
        directors on the date hereof (or by those individuals who are serving as
        members
        of the board of directors on any date whose nomination to the board of directors
        was approved by a majority of the members of the board of directors who are
        members on the date hereof), (c) the merger, consolidation or sale of fifty
        percent (50%) or more of the assets of the Company or any subsidiary of the
        Company in one or a series of related transactions with or into another entity,
        or (d) the execution by the Company of an agreement to which the Company
        is a
        party or by which it is bound, providing for any of the events set forth
        above
        in (a), (b) or (c).

          (e)       
        “Closing Bid Price” means the price per share in the last reported trade
        of the Common Stock on a Primary Market or on the exchange  which the
        Common Stock is then listed as quoted by Bloomberg.

          (f)        
        “Convertible Securities” means any stock or securities (other than
        Options) directly or indirectly convertible into or exercisable or exchangeable
        for Common Stock.

          (g)       
        “Commission” means the Securities and Exchange Commission.

          (h)       
        “Common Stock” means the common stock, par value $.001, of the Company
        and stock of any other class into which such shares may hereafter be changed
        or
        reclassified.

          (i)        
        "Company Conversion Price" means, the lower of (i) the applicable
        Conversion Price and (ii) that price which shall be computed as ninety percent
        (90%) of the average of the three lowest daily Volume Weighted Average Prices
        of
        the Common Stock during the ten (10) consecutive Trading Days immediately
        preceding the applicable Installment Date.  All such determinations to be
        appropriately adjusted for any stock split, stock dividend, stock combination
        or
        other similar transaction.

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

       

          (j)        
        "Equity Conditions" means that each of the following conditions is
        satisfied:  (i) on each day during the period beginning two (2) weeks prior
        to the applicable date of determination and ending on and including the
        applicable date of determination (the "Equity Conditions Measuring Period"),
        either (x) the Underlying Shares Registration Statement filed pursuant to
        the
        Registration Rights Agreement shall be effective and available for the resale
        of
        all applicable shares of Common Stock to be issued in connection with the
        event
        requiring determination or (y) all applicable shares of Common Stock to be
        issued in connection with the event requiring determination shall be eligible
        for sale without restriction and without the need for registration under
        any
        applicable federal or state securities laws; (ii) on each day during the
        Equity Conditions Measuring Period, the Common Stock
        is
        designated for quotation on the Principal Market and shall not have been
        suspended from trading on such exchange or market nor shall delisting or
        suspension by such exchange or market been threatened or pending either (A)
        in
        writing by such exchange or market or (B) by falling below the then effective
        minimum listing maintenance requirements of such exchange or market; (iii)
        during the Equity Conditions Measuring Period, the Company shall have delivered
        Conversion Shares upon conversion of the Debentures to the Holder on a timely
        basis as set forth in Section 4(b)(ii) hereof; (iv) any applicable shares
        of
        Common Stock to be issued in connection with the event requiring determination
        may be issued in full without violating Section 4(c) hereof and the rules
        or
        regulations of the Primary Market; (v) during the Equity Conditions Measuring
        Period, there shall not have occurred either (A) an Event of Default or (B)
        an
        event that with the passage of time or giving of notice would constitute
        an
        Event of Default; and (vii) the Company shall have no knowledge of any fact
        that
        would cause (x) the Registration Statements required pursuant to the
        Registration Rights Agreement not to be effective and available for the resale
        of all applicable shares of Common Stock to be issued in connection with
        the
        event requiring determination or (y) any applicable shares of Common Stock
        to be
        issued in connection with the event requiring determination not to be eligible
        for sale without restriction and without the need for registration under
        any
        applicable federal or state securities laws.

          (k)       
        "Equity Conditions Failure" means that on any applicable date the Equity
        Conditions have not been satisfied (or waived in writing by the
        Holder).

          (l)        
        “Exchange Act” means the Securities Exchange Act of 1934, as
        amended.

          (m)      
        “Excluded Securities” means, (a) shares issued or deemed to have been
        issued by the Company pursuant to an Approved Stock Plan (b) shares of Common
        Stock issued or deemed to be issued by the Company upon the conversion, exchange
        or exercise of any right, option, obligation or security outstanding on the
        date
        prior to date of the Securities Purchase Agreement, provided that the terms
        of
        such right, option, obligation or security are not amended or otherwise modified
        on or after the date of the Securities Purchase Agreement, and provided that
        the
        conversion price, exchange price, exercise price or other purchase price
        is not
        reduced, adjusted or otherwise modified and the number of shares of Common
        Stock
        issued or issuable is not increased (whether by operation of, or in accordance
        with, the relevant governing documents or otherwise) on or after the date
        of the
        Securities Purchase Agreement, (c) shares issued in connection with any
        acquisition by the Company, whether through an acquisition of stock or a
        merger
        of any business, assets or technologies, leasing arrangement or any other
        transaction the primary purpose of which is not to raise equity capital,
        and
        (d) the shares of Common Stock issued or deemed to be issued by the Company
        upon conversion of this Debenture.

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

       

          (n)       
        "Holder Pro Rata Amount" means a fraction (i) the numerator of which is
        the Original Principal Amount of this Debenture on the Issuance Date and
        (ii)
        the denominator of which is the aggregate Purchase Price (as defined in the
        Securities Purchase Agreement).

          (o)       
        "Installment Amount" means with respect to any Installment Date, the
        lesser of (A) $134,615 and (B) the Principal amount under this Debenture
        as of
        such Installment Date, as any such Installment Amount may be reduced pursuant
        to
        the terms of this Debenture, whether upon conversion, redemption or otherwise,
        together with, in each case the sum of any accrued and unpaid Interest with
        respect to such Principal amount.  In the event the Holder shall sell or
        otherwise transfer any portion of this Debenture, the transferee shall be
        allocated a pro rata portion of the each unpaid Installment Amount
        hereunder.

          (p)       
        "Installment Date" means the earlier of (i) the first Business Day of the
        calendar month in which the Underlying Shares Registration Statement shall
        have
        been declared effective by the Commission; and (ii) the first Business Day
        on or
        after September 1, 2007 (the earliest such date being the “First Installment
        Date”, and the first Business Day of each successive calendar month after
        the First Installment Date.  

          (q)       
        "Installment Volume Limitation" means 15% of the aggregate dollar trading
        volume (as reported on Bloomberg) of the Common Stock on the Principal Market
        over the fifteen (15) consecutive Trading Day period ending on the Trading
        Day
        immediately preceding the applicable Installment Notice Date.

          (r)       
        “Options” means any rights, warrants or options to subscribe for or
        purchase shares of Common Stock or Convertible Securities.

          (s)       
        “Original Issue Date” means the date of the first issuance of this
        Debenture regardless of the number of transfers and regardless of the number
        of
        instruments, which may be issued to evidence such Debenture.

          (t)        
        “Person” means a corporation, an association, a partnership,
        organization, a business, an individual, a government or political subdivision
        thereof or a governmental agency.

          (u)       
        “Securities Act” means the Securities Act of 1933, as amended, and the
        rules and regulations promulgated thereunder.

          (v)       
        “Securities Purchase Agreement” means the Securities Purchase Agreement
        dated May ___, 2007 by and among the Company and the Buyers listed on Schedule
        I
        attached thereto.  

          (w)      
        “Trading Day” means a day on which the shares of Common Stock are quoted
        on the OTCBB or quoted or traded on such Primary Market on which the shares
        of
        Common Stock are then quoted or listed; provided, that in the event that
        the
        shares of Common Stock are not listed or quoted, then Trading Day shall mean
        a
        Business Day.

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

       

          (x)       
        “Transaction Documents” means the Securities Purchase Agreement or any
        other agreement delivered in connection with the Securities Purchase Agreement,
        including, without limitation, the Security Agreement, the Security Documents,
        the Irrevocable Transfer Agent Instructions, and the Registration Rights
        Agreement.

          (y)       
        “Underlying Shares” means the shares of Common Stock issuable upon
        conversion of this Debenture or as payment of interest in accordance with
        the
        terms hereof.

          (z)       
        “Underlying Shares Registration Statement” means a registration statement
        meeting the requirements set forth in the Registration Rights Agreement,
        covering among other things the resale of the Underlying Shares and naming
        the
        Holder as a “selling stockholder” thereunder.

          (aa)     
        "Volume Weighted Average Price" means, for any security as of any date,
        the daily dollar volume-weighted average price for such security on the Primary
        Market as reported by Bloomberg through its “Historical Prices – Px Table with
        Average Daily Volume” functions, or, if no dollar volume-weighted average price
        is reported for such security by Bloomberg, the average of the highest closing
        bid price and the lowest closing ask price of any of the market makers for
        such
        security as reported in the "pink sheets" by Pink Sheets LLC. 

          (bb)     
        "Warrants" has the meaning ascribed to such term in the Securities
        Purchase Agreement, and shall include all warrants issued in exchange therefor
        or replacement thereof.

                                                                  [Signature
        Page
        Follows]

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

      

       

    

    
       

      IN WITNESS WHEREOF, the
        Company has caused this Secured Convertible Debenture to be duly executed
        by a
        duly authorized officer as of the date set forth above.

       

      	
               

            	
              COMPANY:

            
	
               

            	
              UNICORP, INC.
                

            
	
               

            	
               

            
	
               

            	
              By:      
                /s/  Carl A. Chse___     

            
	
               

            	
              Name:  Carl A. Chase

            
	
               

            	
              Title:     Chief
                Financial Officer

            
	
               

            	
               

            

       

       

    

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

                                                                EXHIBIT
      I
                                                        CONVERSION
      NOTICE

                                                (To
      be executed by
      the Holder in order to Convert the Debenture)

     

    
      	
              TO:

            

    

     

        The
      undersigned
      hereby irrevocably elects to convert
      $                                                 
of the principal amount of Debenture No. UCPI-1-1 into Shares of Common
      Stock of UNICORP, INC., according to the conditions stated
      therein, as of the Conversion Date written below.

    
      	
              Conversion Date:

            	
                                                                                                             
                

            
	
              Conversion Amount to be
                converted:

            	
              $                                                                                             
                

            
	
              Conversion Price:

            	
              $                                                                                             
                

            
	
              Number of shares of Common Stock
                to
                be issued:

            	
                                                                                                             
                

            
	
              Amount of Debenture
                Unconverted:

            	
              $                                                                                             
                  

            
	
               

            	
                

            
	
               

            	
               

            
	
              Please issue the shares of Common
                Stock in the following name and to the following
                address:

            
	
              Issue to:

            	
                         
                

                         
                

                         
                

                         
                

                         
                                       
                

            
	
               

            	
               

            
	
              Authorized
                Signature:

            	
                                                                                                             
                

            
	
              Name:

            	
                                                                                                             
                

            
	
              Title:

            	
                                                                                                             
                

            
	
              Broker DTC Participant
                Code:

            	
                         
                

            
	
              Account Number:Form of Warrant

    
      EXHIBIT
        10.4

      WARRANT

      THE SECURITIES REPRESENTED BY THIS WARRANT
        HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
        APPLICABLE STATE SECURITIES LAWS.  THE SECURITIES HAVE BEEN ACQUIRED FOR
        INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED
        IN THE
        ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
        SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS,
        OR AN
        OPINION OF COUNSEL IN A FORM REASONABLY SATISFACTORY TO THE ISSUER THAT
        REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES
        LAWS
        OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.  NOTWITHSTANDING THE
        FOREGOING, THIS WARRANT MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
        ACCOUNT.

                                                                        UNICORP,
        INC.

                                                                  Warrant
        To Purchase
        Common Stock

      Warrant
        No.:
        UCPI-1-A                                                                                                           Number
        of Shares:
             
2,545,000

                                                                                                                                                       Warrant
        Exercise
        Price:       
$0.55          

       

      Date
        of Issuance: May 17, 2007

       

          Unicorp,
        Inc., a
        Nevada corporation (the “Company”), hereby certifies that, for good and
        valuable consideration, the receipt and sufficiency of which are hereby
        acknowledged, Cornell Capital Partners, LP (the
“Holder”), the registered holder hereof or its permitted
        assigns, is
        entitled, subject to the terms set forth below, to purchase from the Company
        upon surrender of this Warrant, at any time or times on or after the date
        hereof, but not after 11:59 P.M. Eastern Time on the Expiration Date (as
        defined herein) up to 2,545,000 fully paid and nonassessable shares of Common
        Stock (as defined herein) of the Company (the “Warrant Shares”) at the
        exercise price per share provided in Section 1(b) below or as subsequently
        adjusted; provided, however, that in no event shall the holder be entitled
        to
        exercise this Warrant for a number of Warrant Shares in excess of that number
        of
        Warrant Shares which, upon giving effect to such exercise, would cause the
        aggregate number of shares of Common Stock beneficially owned by the holder
        and
        its affiliates to exceed 4.99% of the outstanding shares of the Common Stock
        following such exercise, including through the forced exercise provision
        set
        forth in Section 3(g) herein, except within sixty (60) days of the Expiration
        Date (however, such restriction may be waived by Holder (but only as to itself
        and not to any other holder) upon not less than 65 days prior notice to the
        Company).  For purposes of the foregoing proviso, the aggregate number of
        shares of Common Stock beneficially owned by the holder and its affiliates
        shall
        include the number of shares of Common Stock issuable upon exercise of this
        Warrant with respect to which the determination of such proviso is being
        made,
        but shall exclude shares of Common Stock which would be issuable upon
        (i) exercise of the remaining, unexercised Warrants beneficially owned by
        the holder and its affiliates and (ii) exercise or conversion of the
        unexercised or unconverted portion of any other securities of the Company
        beneficially owned by the holder and its affiliates (including, without
        limitation, any convertible notes or preferred stock) subject to a limitation
        on
        conversion or exercise analogous to the limitation contained herein. 
Except as set forth in the preceding sentence, for purposes of this paragraph,
        beneficial ownership shall be calculated in accordance with Section 13(d)
        of the
        Securities Exchange Act of 1934, as amended.  For purposes of this Warrant,
        in determining the number of outstanding shares of Common Stock a holder
        may
        rely on the number of outstanding shares of Common Stock as reflected in
        (1) the
        Company’s most recent Form 10-QSB or Form 10-KSB, as the case may be, (2) a more
        recent public announcement by the Company or (3) any other notice by the
        Company
        or its transfer agent setting forth the number of shares of Common Stock
        outstanding.  Upon the written request of any holder, the Company shall
        promptly, but in no event later than one (1) Business Day following the receipt
        of such notice, confirm in writing to any such holder the number of shares
        of
        Common Stock then outstanding.  In any case, the number of outstanding
        shares of Common Stock shall be determined after giving effect to the exercise
        of Warrants (as defined below) by such holder and its affiliates since the
        date
        as of which such number of outstanding shares of Common Stock was
        reported.

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

              

          Section
        1. 

          (a)   
This Warrant is one
        of the warrants issued pursuant to Section 1(a) of the
        Securities Purchase Agreement (“Securities Purchase Agreement”) dated the
        date hereof between the Company and the Buyers listed on Schedule I thereto
        or
        issued in exchange or substitution thereafter or replacement thereof.  Each
        Capitalized term used, and not otherwise defined herein, shall have the meaning
        ascribed thereto in the Securities Purchase Agreement.

          (b)  
Definitions.  The following
        words and terms as used in this Warrant
        shall have the following meanings:

              (i)                 
        “Approved Stock Plan” means a stock option plan that has
        been approved by the Board of Directors of the Company prior to the date
        of the
        Securities Purchase Agreement, pursuant to which the Company’s securities may be
        issued only to any employee, officer, director or consultant for services
        provided to the Company.

              (ii)               
         “Business Day” means any day other than Saturday,
        Sunday or other day on which commercial banks in the City of New York are
        authorized or required by law to remain closed.

              (iii)              
        “Closing Bid Price” means the closing bid price of Common
        Stock as quoted on the Principal Market (as reported by Bloomberg Financial
        Markets (“Bloomberg”) through its “Volume at Price”
function).

              (iv)             
        “Closing Date” means the date which the Securities Purchase
        Agreement is signed by the Company and the Holder.

              (v)               
        “Common Stock” means (i) the Company’s common stock,
        par value $0.001 per share, and (ii) any capital stock into which such
        Common Stock shall have been changed or any capital stock resulting from
        a
        reclassification of such Common Stock.

              (vi)             
        “Event of Default” means an event of default under the
        Securities Purchase Agreement or the Convertible Debentures issued in connection
        therewith.

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

              (vii)            
        “Excluded Securities” means, (a) shares issued or deemed to
        have been issued by the Company pursuant to an Approved Stock Plan, (b) shares
        of Common Stock issued or deemed to be issued by the Company upon the
        conversion, exchange or exercise of any right, option, obligation or security
        outstanding on the date prior to date of the Securities Purchase Agreement,
        provided that the terms of such right, option, obligation or security are
        not
        amended or otherwise modified on or after the date of the Securities Purchase
        Agreement, and provided that the conversion price, exchange price, exercise
        price or other purchase price is not reduced, adjusted or otherwise modified
        and
        the number of shares of Common Stock issued or issuable is not increased
        (whether by operation of, or in accordance with, the relevant governing
        documents or otherwise) on or after the date of the Securities Purchase
        Agreement,  and (c) the shares of Common Stock issued or deemed to be
        issued by the Company upon conversion of the Convertible Debentures or exercise
        of the Warrants. 

              (viii)          
        “Expiration Date” means May ____, 2012.

              (ix)             
        “Issuance Date” means the date hereof.

              (x)               
        “Options” means any rights, warrants or options to subscribe
        for or purchase Common Stock or Convertible Securities. 

              (xi)             
         “Person” means an individual, a limited liability
        company, a partnership, a joint venture, a corporation, a trust, an
        unincorporated organization and a government or any department or agency
        thereof.

              (xii)            
        “Principal Market” means on any of (a) the American Stock
        Exchange, (b) New York Stock Exchange, (c) the Nasdaq National Market, (d)
        the
        Nasdaq Capital Market, or (e) the Nasdaq OTC Bulletin Board (“OTCBB”)

              (xiii)          
        “Securities Act” means the Securities Act of 1933, as
        amended.  

              (xiv)          
        “Warrant” means this Warrant and all Warrants issued in
        exchange, transfer or replacement thereof.  

              (xv)           
        “Warrant Exercise Price” shall be $0.55 or as subsequently
        adjusted as provided in Section 8 hereof.

          (c)   
Other Definitional
        Provisions.  

              (i)                 
        Except as otherwise specified herein, all references herein
        (A) to the Company shall be deemed to include the Company’s successors and
        (B) to any applicable law defined or referred to herein shall be deemed
        references to such applicable law as the same may have been or may be amended
        or
        supplemented from time to time.  

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

              (ii)               
        When used in this Warrant, the words “herein”,
“hereof”, and “hereunder” and words of similar import, shall
        refer
        to this Warrant as a whole and not to any provision of this Warrant, and
        the
        words “Section”, “Schedule”, and “Exhibit” shall refer to
        Sections of, and Schedules and Exhibits to, this Warrant unless otherwise
        specified.  

              (iii)              
        Whenever the context so requires, the neuter gender includes
        the
        masculine or feminine, and the singular number includes the plural, and vice
        versa.  

          Section
        2.         Exercise of
        Warrant.  

          (a)   
Subject to the terms
        and conditions hereof, this Warrant may be exercised by the
        holder hereof then registered on the books of the Company, pro rata as
        hereinafter provided, at any time on any Business Day on or after the opening
        of
        business on such Business Day, commencing with the first day after the date
        hereof, and prior to 11:59 P.M. Eastern Time on the Expiration Date (i) by
        delivery of a written notice, in the form of the subscription notice attached
        as
Exhibit A hereto (the “Exercise Notice”), of such holder’s
        election to exercise this Warrant, which notice shall specify the number
        of
        Warrant Shares to be purchased, payment to the Company of an amount equal
        to the Warrant Exercise Price(s) applicable to the Warrant Shares being
        purchased, multiplied by the number of Warrant Shares (at the applicable
        Warrant Exercise Price) as to which this Warrant is being exercised (plus
        any applicable issue or transfer taxes) (the “Aggregate Exercise Price”)
        in cash or wire transfer of immediately available funds and the surrender
        of
        this Warrant (or an indemnification undertaking with respect to this Warrant
        in
        the case of its loss, theft or destruction) to a common carrier for overnight
        delivery to the Company as soon as practicable following such date (“Cash
        Basis”) or (ii) (x) after the Scheduled Effective Deadline (as defined in
        the Registration Rights Agreement) if at the time of exercise, the Warrant
        Shares are not subject to an effective registration statement and are not
        eligible to be sold under Rule 144(k), or (y) if an Event of Default has
        occurred, by delivering an Exercise Notice and in lieu of making payment
        of the
        Aggregate Exercise Price in cash or wire transfer, elect instead to receive
        upon
        such exercise the “Net Number” of shares of Common Stock determined according to
        the following formula (the “Cashless Exercise”):  

      Net Number = (A x B) – (A x
        C)

                                           
B

       

                 
For purposes of the foregoing formula:

       

      A = the total number of Warrant Shares
        with
        respect to which this Warrant is then being exercised. 

       

      B = the Closing Bid Price of the Common
        Stock on the date of exercise of the Warrant.

       

      C = the Warrant Exercise Price then in effect for the applicable Warrant
        Shares at the time of such exercise..

          In
        the event of any
        exercise of the rights represented by this Warrant in compliance with this
        Section 2, the Company shall on or before the fifth (5th) Business Day
        following the date of receipt of the Exercise Notice, the Aggregate Exercise
        Price and this Warrant (or an indemnification undertaking with respect to
        this
        Warrant in the case of its loss, theft or destruction) and the receipt of
        the
        representations of the holder specified in Section 6 hereof, if requested
        by the
        Company (the “Exercise Delivery Documents”), and if the Common Stock is
        DTC eligible, credit such aggregate number of shares of Common Stock to which
        the holder shall be entitled to the holder’s or its designee’s balance account
        with The Depository Trust Company; provided, however, if the holder who
        submitted the Exercise Notice requested physical delivery of any or all of
        the
        Warrant Shares, or, if the Common Stock is not DTC eligible  then the
        Company shall, on or before the fifth (5th) Business Day
        following receipt of the Exercise Delivery Documents, issue and surrender
        to a
        common carrier for overnight delivery to the address specified in the Exercise
        Notice, a certificate, registered in the name of the holder, for the number
        of
        shares of Common Stock to which the holder shall be entitled pursuant to
        such
        request.  Upon delivery of the Exercise Notice and Aggregate Exercise Price
        referred to in clause (i) or (ii) above the holder of this Warrant shall be
        deemed for all corporate purposes to have become the holder of record of
        the
        Warrant Shares with respect to which this Warrant has been exercised.  In
        the case of a dispute as to the determination of the Warrant Exercise Price,
        the
        Closing Bid Price or the arithmetic calculation of the Warrant Shares, the
        Company shall promptly issue to the holder the number of Warrant Shares that
        is
        not disputed and shall submit the disputed determinations or arithmetic
        calculations to the holder via facsimile within one (1) Business Day of receipt
        of the holder’s Exercise Notice.  

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

          (b)   If
        the holder and the Company are unable to agree upon the determination of
        the
        Warrant Exercise Price or arithmetic calculation of the Warrant Shares within
        one (1) day of such disputed determination or arithmetic calculation being
        submitted to the holder, then the Company shall immediately submit via facsimile
        (i) the disputed determination of the Warrant Exercise Price or the Closing
        Bid
        Price to an independent, reputable investment banking firm or (ii) the disputed
        arithmetic calculation of the Warrant Shares to its independent, outside
        accountant.  The Company shall cause the investment banking firm or the
        accountant, as the case may be, to perform the determinations or calculations
        and notify the Company and the holder of the results no later than forty-eight
        (48) hours from the time it receives the disputed determinations or
        calculations.  Such investment banking firm’s or accountant’s determination
        or calculation, as the case may be, shall be deemed conclusive absent manifest
        error.

          (c)   
Unless the rights
        represented by this Warrant shall have expired or shall have
        been fully exercised, the Company shall, as soon as practicable and in no
        event
        later than five (5) Business Days after any exercise and at its own expense,
        issue a new Warrant identical in all respects to this Warrant exercised except
        it shall represent rights to purchase the number of Warrant Shares purchasable
        immediately prior to such exercise under this Warrant exercised, less the
        number
        of Warrant Shares with respect to which such Warrant is exercised.

          (d)   No
        fractional Warrant Shares are to be issued upon any pro rata exercise of
        this
        Warrant, but rather the number of Warrant Shares issued upon such exercise
        of
        this Warrant shall be rounded up or down to the nearest whole number.

          (e)   
If the Company or
        its Transfer Agent shall fail for any reason or for no reason
        to issue to the holder within ten (10) days of receipt of the Exercise
        Delivery Documents, a certificate for the number of Warrant Shares to which
        the
        holder is entitled or to credit the holder’s balance account with The Depository
        Trust Company for such number of Warrant Shares to which the holder is entitled
        upon the holder’s exercise of this Warrant, the Company shall, in addition to
        any other remedies under this Warrant or otherwise available to such holder,
        pay
        as additional damages in cash to such holder on each day the issuance of
        such
        certificate for Warrant Shares is not timely effected an amount equal to
        0.025%
        of the product of (A) the sum of the number of Warrant Shares not issued
        to the
        holder on a timely basis and to which the holder is entitled, and (B) the
        Closing Bid Price of the Common Stock for the trading day immediately preceding
        the last possible date which the Company could have issued such Common Stock
        to
        the holder without violating this Section 2.

      
        
          
          

        

        
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          (f)    
If within ten (10)
        days after the Company’s receipt of the Exercise Delivery
        Documents, the Company fails to deliver a new Warrant to the holder for the
        number of Warrant Shares to which such holder is entitled pursuant to Section
        2
        hereof, then, in addition to any other available remedies under this Warrant,
        or
        otherwise available to such holder, the Company shall pay as additional damages
        in cash to such holder on each day after such tenth (10th) day that
        such delivery of such new Warrant is not timely effected in an amount equal
        to
        0.25% of the product of (A) the number of Warrant Shares represented by the
        portion of this Warrant which is not being exercised and (B) the Closing
        Bid Price of the Common Stock for the trading day immediately preceding the
        last
        possible date which the Company could have issued such Warrant to the holder
        without violating this Section 2.

      Section 3.        
Covenants as to Common Stock.  The Company hereby covenants and
        agrees as follows:

          (a)   
This Warrant is,
        and any Warrants issued in substitution for or replacement of
        this Warrant will upon issuance be, duly authorized and validly issued.

          (b)   All
        Warrant Shares which may be issued upon the exercise of the rights represented
        by this Warrant will, upon issuance, be validly issued, fully paid and
        nonassessable and free from all taxes, liens and charges with respect to
        the
        issue thereof.

          (c)   
During the period
        within which the rights represented by this Warrant may be
        exercised, the Company will at all times have authorized and reserved at
        least
        one hundred percent (100%) of the number of shares of Common Stock needed
        to
        provide for the exercise of the rights then represented by this Warrant and
        the
        par value of said shares will at all times be less than or equal to the
        applicable Warrant Exercise Price.  If at any time the Company does not
        have a sufficient number of shares of Common Stock authorized and available,
        then the Company shall call and hold a special meeting of its stockholders
        within sixty (60) days of that time, or, if impractical, within such other
        commercially reasonable time, for the sole purpose of increasing the number
        of
        authorized shares of Common Stock. 

          (d)  
Subject to the Investor’s Registration Rights
        Agreement on a even date herewith,
        if at any time after the date hereof the Company shall file a registration
        statement, the Company shall include the Warrant Shares issuable to the holder,
        pursuant to the terms of this Warrant and shall maintain, so long as any
        other
        shares of Common Stock shall be so listed, such listing of all Warrant Shares
        from time to time issuable upon the exercise of this Warrant; and the Company
        shall so list on each national securities exchange or automated quotation
        system, as the case may be, and shall maintain such listing of, any other
        shares
        of capital stock of the Company issuable upon the exercise of this Warrant
        if
        and so long as any shares of the same class shall be listed on such national
        securities exchange or automated quotation system.

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

          (e)   
The Company will
        not, by amendment of its Articles of Incorporation or through
        any reorganization, transfer of assets, consolidation, merger, dissolution,
        issue or sale of securities, or any other voluntary action, avoid or seek
        to
        avoid the observance or performance of any of the terms to be observed or
        performed by it hereunder, but will at all times in good faith assist in
        the
        carrying out of all the provisions of this Warrant and in the taking of all
        such
        action as may reasonably be requested by the holder of this Warrant in order
        to
        protect the exercise privilege of the holder of this Warrant against dilution
        or
        other impairment, consistent with the tenor and purpose of this Warrant. 
The Company will not increase the par value of any shares of Common Stock
        receivable upon the exercise of this Warrant above the Warrant Exercise Price
        then in effect, and (ii) will take all such actions as may be necessary or
        appropriate in order that the Company may validly and legally issue fully
        paid
        and nonassessable shares of Common Stock upon the exercise of this
        Warrant.

          (f)    
This Warrant will
        be binding upon any entity succeeding to the Company by
        merger, consolidation or acquisition of all or substantially all of the
        Company’s assets.

          (g)   
The Company shall
        have the option to force the Holder to exercise this Warrant
        (subject to the limitations set forth below) by delivering to the Holder
        a
        notice in the form of the forced exercise notice attached as Exhibit B
        hereto (the “Forced Exercise Notice”) provided that the following
        conditions are satisfied: (i) the Volume Weighted Average Price of the Common
        Stock exceeds $0.80 for each of the five (5) consecutive Trading Days prior
        to
        the date of the Forced Exercise Notice (the “Forced Exercise Justification
        Period”), (ii) the Registration Statement relating to the resale of all the
        shares issuable in connection with a Forced Exercise Notice is effective
        as of
        the date of such Forced Exercise Notice, (iii) at least ten (10) Trading
        Days
        has elapsed from any prior forced exercised (if any) by the Company under
        any
        class of Warrants issued to the Holder in connection with the Securities
        Purchase Agreement.  The number of shares that the Company can force the
        Holder to exercise pursuant to any Forced Exercised Notice shall be limited
        to
        the difference between (i) one fifth (1/5) of the trading volume for the
        Common
        Stock during the five (5) consecutive Trading Days immediately prior to the
        date
        of such Forced Exercise Notice, and (ii) the number of shares of Common Stock
        acquired by the Holder during the previous five (5) Trading Days through
        the
        exercise (either voluntarily or forced) of any class of Warrants issued to
        the
        Holder pursuant to the Securities Purchase Agreement.  Notwithstanding
        anything to the contrary herein, any allowable Forced Exercise shall be reduced
        dollar-for-dollar by the dollar amount of any warrant exercise by the Holder
        during the applicable Forced Exercise Justification Period.

      Section 4.        
Taxes.  The Company shall pay any and all taxes, except
        any
        applicable withholding, which may be payable with respect to the issuance
        and
        delivery of Warrant Shares upon exercise of this Warrant.

      Section 5.        
Warrant Holder Not Deemed a Stockholder.  Except as otherwise
        specifically provided herein, no holder, as such, of this Warrant shall be
        entitled to vote or receive dividends or be deemed the holder of shares of
        capital stock of the Company for any purpose, nor shall anything contained
        in
        this Warrant be construed to confer upon the holder hereof, as such, any
        of the
        rights of a stockholder of the Company or any right to vote, give or withhold
        consent to any corporate action (whether any reorganization, issue of stock,
        reclassification of stock, consolidation, merger, conveyance or otherwise),
        receive notice of meetings, receive dividends or subscription rights, or
        otherwise, prior to the issuance to the holder of this Warrant of the Warrant
        Shares which he or she is then entitled to receive upon the due exercise
        of this
        Warrant.  In addition, nothing contained in this Warrant shall be construed
        as imposing any liabilities on such holder to purchase any securities (upon
        exercise of this Warrant or otherwise) or as a stockholder of the Company,
        whether such liabilities are asserted by the Company or by creditors of the
        Company.  Notwithstanding this Section 5, the Company will provide the
        holder of this Warrant with copies of the same notices and other information
        given to the stockholders of the Company generally, contemporaneously with
        the
        giving thereof to the stockholders.

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      Section 6.        
Representations of Holder.  The holder of this Warrant, by the
        acceptance hereof, represents that it is acquiring this Warrant and the Warrant
        Shares for its own account for investment only and not with a view towards,
        or
        for resale in connection with, the public sale or distribution of this Warrant
        or the Warrant Shares, except pursuant to sales registered or exempted under
        the
        Securities Act; provided, however, that by making the representations herein,
        the holder does not agree to hold this Warrant or any of the Warrant Shares
        for
        any minimum or other specific term and reserves the right to dispose of this
        Warrant and the Warrant Shares at any time in accordance with or pursuant
        to a
        registration statement or an exemption under the Securities Act.  The
        holder of this Warrant further represents, by acceptance hereof, that, as
        of
        this date, such holder is an “accredited investor” as such term is defined in
        Rule 501(a)(1) of Regulation D promulgated by the Securities and Exchange
        Commission under the Securities Act (an “Accredited Investor”). 
Upon exercise of this Warrant  the holder shall, if requested by the
        Company, confirm in writing, in a form satisfactory to the Company, that
        the
        Warrant Shares so purchased are being acquired solely for the holder’s own
        account and not as a nominee for any other party, for investment, and not
        with a
        view toward distribution or resale and that such holder is an Accredited
        Investor.  If such holder cannot make such representations because they
        would be factually incorrect, it shall be a condition to such holder’s exercise
        of this Warrant that the Company receive such other representations as the
        Company considers reasonably necessary to assure the Company that the issuance
        of its securities upon exercise of this Warrant shall not violate any United
        States or state securities laws.

          Section
        7.         Ownership and
        Transfer.

      (a)    The Company shall maintain at its principal executive
        offices (or such other office or agency of the Company as it may designate
        by
        notice to the holder hereof), a register for this Warrant, in which the Company
        shall record the name and address of the person in whose name this Warrant
        has
        been issued, as well as the name and address of each transferee.  The
        Company may treat the person in whose name any Warrant is registered on the
        register as the owner and holder thereof for all purposes, notwithstanding
        any
        notice to the contrary, but in all events recognizing any transfers made
        in
        accordance with the terms of this Warrant.

      Section 8.        
Adjustment of Warrant Exercise Price and Number of
        Shares.  The
        Warrant Exercise Price and the number of shares of Common Stock issuable
        upon
        exercise of this Warrant shall be adjusted from time to time as
        follows:

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

          (a)   
Adjustment of
        Warrant Exercise Price and Number of Shares upon Issuance of
        Common Stock.  If and whenever on or after the Issuance Date of this
        Warrant, the Company issues or sells, or is deemed to have issued or sold,
        any
        shares of Common Stock (other than Excluded Securities or Permitted
        Issuances (as defined in the Securities Purchase Agreement)  and (ii)
        shares of Common Stock which are issued or deemed to have been issued by
        the
        Company in connection with an Approved Stock Plan or upon exercise or conversion
        of the Other Securities) for a consideration per share less than a price
        (the
“Applicable Price”) equal to the Warrant Exercise Price in effect
        immediately prior to such issuance or sale, then immediately after such issue
        or
        sale the Warrant Exercise Price then in effect shall be reduced to an amount
        equal to such consideration per share.  Upon each such adjustment of the
        Warrant Exercise Price hereunder, the number of Warrant Shares issuable upon
        exercise of this Warrant shall be adjusted to the number of shares determined
        by
        multiplying the Warrant Exercise Price in effect immediately prior to such
        adjustment by the number of Warrant Shares issuable upon exercise of this
        Warrant immediately prior to such adjustment and dividing the product thereof
        by
        the Warrant Exercise Price resulting from such adjustment.

          (b)  
Effect on Warrant
        Exercise Price of Certain Events.  For purposes of
        determining the adjusted Warrant Exercise Price under Section 8(a) above,
        the
        following shall be applicable:

              (i)                 
        Issuance of Options.  If after the date hereof, the
        Company in any manner grants any Options and the lowest price per share for
        which one share of Common Stock is issuable upon the exercise of any such
        Option
        or upon conversion or exchange of any convertible securities issuable upon
        exercise of any such Option is less than the Applicable Price, then such
        share
        of Common Stock shall be deemed to be outstanding and to have been issued
        and
        sold by the Company at the time of the granting or sale of such Option for
        such
        price per share.  For purposes of this Section 8(b)(i), the lowest price
        per share for which one share of Common Stock is issuable upon exercise of
        such
        Options or upon conversion or exchange of such Convertible Securities shall
        be
        equal to the sum of the lowest amounts of consideration (if any) received
        or
        receivable by the Company with respect to any one share of Common Stock upon
        the
        granting or sale of the Option, upon exercise of the Option or upon conversion
        or exchange of any convertible security issuable upon exercise of such
        Option.  No further adjustment of the Warrant Exercise Price shall be made
        upon the actual issuance of such Common Stock or of such convertible securities
        upon the exercise of such Options or upon the actual issuance of such Common
        Stock upon conversion or exchange of such convertible securities.

              (ii)               
        Issuance of Convertible Securities.  If the Company in
        any manner issues or sells any convertible securities and the lowest price
        per
        share for which one share of Common Stock is issuable upon the conversion
        or
        exchange thereof is less than the Applicable Price, then such share of Common
        Stock shall be deemed to be outstanding and to have been issued and sold
        by the
        Company at the time of the issuance or sale of such convertible securities
        for
        such price per share.  For the purposes of this Section 8(b)(ii), the
        lowest price per share for which one share of Common Stock is issuable upon
        such
        conversion or exchange shall be equal to the sum of the lowest amounts of
        consideration (if any) received or receivable by the Company with respect
        to one
        share of Common Stock upon the issuance or sale of the convertible security
        and
        upon conversion or exchange of such convertible security.  No further
        adjustment of the Warrant Exercise Price shall be made upon the actual issuance
        of such Common Stock upon conversion or exchange of such convertible securities,
        and if any such issue or sale of such convertible securities is made upon
        exercise of any Options for which adjustment of the Warrant Exercise Price
        had
        been or are to be made pursuant to other provisions of this Section 8(b),
        no
        further adjustment of the Warrant Exercise Price shall be made by reason
        of such
        issue or sale. 

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

             

              (iii)              
        Change in Option Price or Rate of Conversion.  If the
        purchase price provided for in any Options, the additional consideration,
        if
        any, payable upon the issue, conversion or exchange of any convertible
        securities, or the rate at which any convertible securities are convertible
        into
        or exchangeable for Common Stock changes at any time, the Warrant Exercise
        Price
        in effect at the time of such change shall be adjusted to the Warrant Exercise
        Price which would have been in effect at such time had such Options or
        convertible securities provided for such changed purchase price, additional
        consideration or changed conversion rate, as the case may be, at the time
        initially granted, issued or sold and the number of Warrant Shares issuable
        upon
        exercise of this Warrant shall be correspondingly readjusted.  For purposes
        of this Section 8(b)(iii), if the terms of any Option or convertible security
        that was outstanding as of the Issuance Date of this Warrant are changed
        in the
        manner described in the immediately preceding sentence, then such Option
        or
        convertible security and the Common Stock deemed issuable upon exercise,
        conversion or exchange thereof shall be deemed to have been issued as of
        the
        date of such change.  No adjustment pursuant to this Section 8(b)
        shall be made if such adjustment would result in an increase of the Warrant
        Exercise Price then in effect.

              (iv)             
        Calculation of Consideration Received.  If any Common
        Stock, Options or convertible securities are issued or sold or deemed to
        have
        been issued or sold for cash, the consideration received therefore will be
        deemed to be the net amount received by the Company therefore.  If any
        Common Stock, Options or convertible securities are issued or sold for a
        consideration other than cash, the amount of such consideration received
        by the
        Company will be the fair value of such consideration, except where such
        consideration consists of marketable securities, in which case the amount
        of
        consideration received by the Company will be the market price of such
        securities on the date of receipt of such securities.  If any Common Stock,
        Options or convertible securities are issued to the owners of the non-surviving
        entity in connection with any merger in which the Company is the surviving
        entity, the amount of consideration therefore will be deemed to be the fair
        value of such portion of the net assets and business of the non-surviving
        entity
        as is attributable to such Common Stock, Options or convertible securities,
        as
        the case may be.  The fair value of any consideration other than cash or
        securities will be determined jointly by the Company and the holders of Warrants
        representing at least two-thirds (b) of the Warrant Shares issuable upon
        exercise of the Warrants then outstanding.  If such parties are unable to
        reach agreement within ten (10) days after the occurrence of an event
        requiring valuation (the “Valuation Event”), the fair value of such
        consideration will be determined within five (5) Business Days after the
        tenth (10th) day following the Valuation Event by an
        independent, reputable appraiser jointly selected by the Company and the
        holders
        of Warrants representing at least two-thirds (b) of the Warrant Shares issuable
        upon exercise of the Warrants then outstanding.  The determination of such
        appraiser shall be final and binding upon all parties and the fees and expenses
        of such appraiser shall be borne jointly by the Company and the holders of
        Warrants.

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

              (v)               
        Integrated Transactions.  In case any Option is issued
        in connection with the issue or sale of other securities of the Company,
        together comprising one integrated transaction in which no specific
        consideration is allocated to such Options by the parties thereto, the Options
        will be deemed to have been issued for a consideration of $.01.

              (vi)             
        Treasury Shares.  The number of shares of Common Stock
        outstanding at any given time does not include shares owned or held by or
        for
        the account of the Company, and the disposition of any shares so owned or
        held
        will be considered an issue or sale of Common Stock.

              (vii)            
        Record Date.  If the Company takes a record of the
        holders of Common Stock for the purpose of entitling them (1) to receive a
        dividend or other distribution payable in Common Stock, Options or in
        convertible securities or (2) to subscribe for or purchase Common Stock,
        Options or convertible securities, then such record date will be deemed to
        be
        the date of the issue or sale of the shares of Common Stock deemed to have
        been
        issued or sold upon the declaration of such dividend or the making of such
        other
        distribution or the date of the granting of such right of subscription or
        purchase, as the case may be.

          (c)   
Adjustment of
        Warrant Exercise Price upon Subdivision or Combination of
        Common Stock.  If the Company at any time after the date of issuance of
        this Warrant subdivides (by any stock split, stock dividend, recapitalization
        or
        otherwise) one or more classes of its outstanding shares of Common Stock
        into a
        greater number of shares, any Warrant Exercise Price in effect immediately
        prior
        to such subdivision will be proportionately reduced and the number of shares
        of
        Common Stock obtainable upon exercise of this Warrant will be proportionately
        increased.  If the Company at any time after the date of issuance of this
        Warrant combines (by combination, reverse stock split or otherwise) one or
        more
        classes of its outstanding shares of Common Stock into a smaller number of
        shares, any Warrant Exercise Price in effect immediately prior to such
        combination will be proportionately increased and the number of Warrant Shares
        issuable upon exercise of this Warrant will be proportionately decreased. 
Any adjustment under this Section 8(c) shall become effective at the close
        of business on the date the subdivision or combination becomes effective.

          (d)  
Distribution
        of Assets.  If the Company shall declare or make any
        dividend or other distribution of its assets (or rights to acquire its assets)
        to holders of Common Stock, by way of return of capital or otherwise (including,
        without limitation, any distribution of cash, stock or other securities,
        property or options by way of a dividend, spin off, reclassification, corporate
        rearrangement or other similar transaction) (a “Distribution”), at any
        time after the issuance of this Warrant, then, in each such case:

              (i)                 
        any Warrant Exercise Price in effect immediately prior to
        the close
        of business on the record date fixed for the determination of holders of
        Common
        Stock entitledto receive the Distribution shall be reduced, effective as
        of the
        close of business on such record date, to a price determined by multiplying
        such
        Warrant Exercise Price by a fraction of which (A) the numerator shall be
        the
        Closing Sale Price of the Common Stock on the trading day immediately preceding
        such record date minus the value of the Distribution (as determined in good
        faith by the Company’s Board of Directors) applicable to one share of Common
        Stock, and (B) the denominator shall be the Closing Sale Price of the Common
        Stock on the trading day immediately preceding such record date;
        and

      
        
          
          

        

        
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              (ii)               
        either (A) the number of Warrant Shares obtainable upon exercise
        of
        this Warrant shall be increased to a number of shares equal to the number
        of
        shares of Common Stock obtainable immediately prior to the close of business
        on
        the record date fixed for the determination of holders of Common Stock entitled
        to receive the Distribution multiplied by the reciprocal of the fraction
        set
        forth in the immediately preceding clause (i), or (B) in the event that the
        Distribution is of common stock of a company whose common stock is traded
        on a
        national securities exchange or a national automated quotation system, then
        the
        holder of this Warrant shall receive an additional warrant to purchase Common
        Stock, the terms of which shall be identical to those of this Warrant, except
        that such warrant shall be exercisable into the amount of the assets that
        would
        have been payable to the holder of this Warrant pursuant to the Distribution
        had
        the holder exercised this Warrant immediately prior to such record date and
        with
        an exercise price equal to the amount by which the exercise price of this
        Warrant was decreased with respect to the Distribution pursuant to the terms
        of
        the immediately preceding clause (i).

          (e)   
Certain Events.  If any event
        occurs of the type contemplated by the
        provisions of this Section 8 but not expressly provided for by such
        provisions (including, without limitation, the granting of stock appreciation
        rights, phantom stock rights or other rights with equity features), then
        the
        Company’s Board of Directors will make an appropriate adjustment in the Warrant
        Exercise Price and the number of shares of Common Stock obtainable upon exercise
        of this Warrant so as to protect the rights of the holders of the Warrants;
        provided, except as set forth in section 8(c),that no such adjustment pursuant
        to this Section 8(e) will increase the Warrant Exercise Price or decrease
        the
        number of shares of Common Stock obtainable as otherwise determined pursuant
        to
        this Section 8.

          (f)    
Notices.

              (i)                 
        Immediately upon any adjustment of the Warrant Exercise Price,
        the
        Company will give written notice thereof to the holder of this Warrant, setting
        forth in reasonable detail, and certifying, the calculation of such
        adjustment.

              (ii)               
        The Company will give written notice to the holder of this
        Warrant
        at least ten (10) days prior to the date on which the Company closes its
        books
        or takes a record (A) with respect to any dividend or distribution upon the
        Common Stock, (B) with respect to any pro rata subscription offer to
        holders of Common Stock or (C) for determining rights to vote with respect
        to any Organic Change (as defined below), dissolution or liquidation, provided
        that such information shall be made known to the public prior to or in
        conjunction with such notice being provided to such holder.

              (iii)              
        The Company will also give written notice to the holder of
        this
        Warrant at least ten (10) days prior to the date on which any Organic Change,
        dissolution or liquidation will take place, provided that such information
        shall
        be made known to the public prior to or in conjunction with such notice being
        provided to such holder.

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      Section 9.        
Lost, Stolen, Mutilated or Destroyed Warrant.  If this Warrant is
        lost, stolen, mutilated or destroyed, the Company shall promptly, on receipt
        of
        an indemnification undertaking (or, in the case of a mutilated Warrant, the
        Warrant), issue a new Warrant of like denomination and tenor as this Warrant
        so
        lost, stolen, mutilated or destroyed.

      Section 10.      
Notice.  Any notices, consents, waivers or other communications
        required or permitted to be given under the terms of this Warrant must be
        in
        writing and will be deemed to have been delivered:  (i) upon receipt,
        when delivered personally; (ii) upon receipt, when sent by facsimile
        (provided confirmation of receipt is received by the sending party transmission
        is mechanically or electronically generated and kept on file by the sending
        party); or (iii) one Business Day after deposit with a nationally
        recognized overnight delivery service, in each case properly addressed to
        the
        party to receive the same.  The addresses and facsimile numbers for such
        communications shall be:

      	
              If
                to Holder:

            	
              Cornell
                Capital Partners, LP

            
	
               

            	
              101
                Hudson Street – Suite 3700

            
	
               

            	
              Jersey
                City, NJ  07302

            
	
               

            	
              Attention:         
                Mark A. Angelo

            
	
               

            	
              Telephone:       
                (201) 985-8300

            
	
               

            	
              Facsimile:        
                (201) 985-8266

            
	
               

            	
               

            
	
              With
                Copy to:

            	
              David
                Gonzalez, Esq.

            
	
               

            	
              101
                Hudson Street – Suite 3700

            
	
               

            	
              Jersey
                City, NJ 07302

            
	
               

            	
              Telephone:       
                (201) 985-8300

            
	
               

            	
              Facsimile:        
                (201) 985-8266

            
	
               

            	
               

            
	
               

            	
               

            
	
              If
                to the Company, to:

            	
              Unicorp, Inc.

            
	
               

            	
              5075 Westheimer Road, Suite
                975

            
	
               

            	
              Houston, TX 77056

            
	
               

            	
              Attention:
                         Kevan Casey

            
	
               

            	
              Telephone:       
                (713) 402-6717

            
	
               

            	
              Facsimile:        
                (713) 402-6799

            
	
               

            	
               

            
	
              With
                a copy to:

            	
              Sichenzia
                Ross Friedman Ference LLP

            
	
               

            	
              61
                Broadway, 32nd Floor

            
	
               

            	
              New
                York, New York 10006

            
	
               

            	
              Attention: 
                Marc Ross, Esq.

            
	
               

            	
              Telephone: 
                (212) 930-9700

            
	
               

            	
              Facsimile: 
                (212) 930-9725

            

       

      If to a holder of this Warrant, to it at
        the
        address and facsimile number set forth on Exhibit C hereto, with
        copies to such holder’s representatives as set forth on Exhibit C,
        or at such other address and facsimile as shall be delivered to the Company
        upon
        the issuance or transfer of this Warrant.  Each party shall provide five
        days’ prior written notice to the other party of any change in address or
        facsimile number.  Written confirmation of receipt (A) given by the
        recipient of such notice, consent, facsimile, waiver or other communication,
        (or
        (B) provided by a nationally recognized overnight delivery service shall be
        rebuttable evidence of personal service, receipt by facsimile or receipt
        from a
        nationally recognized overnight delivery service in accordance with clause
        (i),
        (ii) or (iii) above, respectively.

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

      Section 11.      
Date.  The date of this Warrant is set forth on page
        1 hereof. 
This Warrant, in all events, shall be wholly void and of no effect after
        the close of business on the Expiration Date, except that notwithstanding
        any
        other provisions hereof, the provisions of Section 8(b) shall continue in
        full force and effect after such date as to any Warrant Shares or other
        securities issued upon the exercise of this Warrant.

      Section 12.       Amendment
        and Waiver.  Except as otherwise provided herein, the provisions of the
        Warrants may be amended and the Company may take any action herein prohibited,
        or omit to perform any act herein required to be performed by it, only if
        the
        Company has obtained the written consent of the holders of Warrants representing
        at least two-thirds of the Warrant Shares issuable upon exercise of the Warrants
        then outstanding; provided that, except for Section 8(d), no such action
        may
        increase the Warrant Exercise Price or decrease the number of shares or class
        of
        stock obtainable upon exercise of any Warrant without the written consent
        of the
        holder of such Warrant.

      Section 13.       Descriptive
        Headings; Governing Law.  The descriptive headings of the several
        sections and paragraphs of this Warrant are inserted for convenience only
        and do
        not constitute a part of this Warrant.  The corporate laws of the State of
        Nevada shall govern all issues concerning the relative rights of the Company
        and
        its stockholders.  All other questions concerning the construction,
        validity, enforcement and interpretation of this Agreement shall be governed
        by
        the internal laws of the State of New Jersey, without giving effect to any
        choice of law or conflict of law provision or rule (whether of the State
        of New
        Jersey or any other jurisdictions) that would cause the application of the
        laws
        of any jurisdictions other than the State of New Jersey.  Each party hereby
        irrevocably submits to the exclusive jurisdiction of the state and federal
        courts sitting in Hudson County and the United States District Court for
        the
        District of New Jersey, for the adjudication of any dispute hereunder or
        in
        connection herewith or therewith, or with any transaction contemplated hereby
        or
        discussed herein, and hereby irrevocably waives, and agrees not to assert
        in any
        suit, action or proceeding, any claim that it is not personally subject to
        the
        jurisdiction of any such court, that such suit, action or proceeding is brought
        in an inconvenient forum or that the venue of such suit, action or proceeding
        is
        improper.  Each party hereby irrevocably waives personal service of process
        and consents to process being served in any such suit, action or proceeding
        by
        mailing a copy thereof to such party at the address for such notices to it
        under
        this Agreement and agrees that such service shall constitute good and sufficient
        service of process and notice thereof.  Nothing contained herein shall be
        deemed to limit in any way any right to serve process in any manner permitted
        by
        law.  

      
        Section 14.      Waiver of
          Jury Trial.  AS A MATERIAL INDUCEMENT FOR EACH PARTY HERETO TO
          ENTER INTO THIS WARRANT, THE PARTIES HERETO HEREBY WAIVE ANY RIGHT TO TRIAL
          BY
          JURY IN ANY LEGAL PROCEEDING RELATED IN ANY WAY TO THIS WARRANT AND/OR
          ANY AND
          ALL OF THE OTHER DOCUMENTS ASSOCIATED WITH THIS
          TRANSACTION.

      

       

      REMAINDER
        OF PAGE INTENTIONALLY LEFT BLANK

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the Company has caused this Warrant to be signed as of
        the date first set forth above.

      	
               

            	
              UNICORP, INC.
                

            
	
               

            	
               

            
	
               

            	
              By: /s/  Carl A.
                Chase                                  
                

            
	
               

            	
              Name:  Carl A. Chase

            
	
               

            	
              Title:     Chief
                Financial Officer

            

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    
                                                                  EXHIBIT
        A TO
        WARRANT

                                                                    EXERCISE
        NOTICE

                                                                    
TO
        BE EXECUTED 
                                                BY
        THE REGISTERED
        HOLDER TO EXERCISE THIS WARRANT

                                                                        
UNICORP,
        INC.

      The undersigned holder hereby exercises
        the
        right to purchase ______________ of the shares of Common Stock (“Warrant
        Shares”) of Unicorp, Inc. (the “Company”), evidenced by the attached
        Warrant (the “Warrant”).  Capitalized terms used herein and not
        otherwise defined shall have the respective meanings set forth in the
        Warrant.

      Specify Method of exercise
        by check mark:

      1.  ___Cash Exercise

      (a) Payment of
        Warrant Exercise Price. The holder shall pay the Aggregate Exercise Price of
        $______________ to the Company in accordance with the terms of the
        Warrant.  

      (b) Delivery of
        Warrant Shares.  The Company shall deliver to the holder _________
Warrant Shares in accordance with the terms of the Warrant.  

      2.  ___Cashless Exercise

      (a) Payment of
        Warrant Exercise Price.  In lieu of making payment of the Aggregate
        Exercise Price, the holder elects to receive upon such exercise the Net Number
        of shares of Common Stock determined in accordance with the terms of the
        Warrant.  

      (b) Delivery of
        Warrant Shares.  The Company shall deliver to the holder _________
Warrant Shares in accordance with the terms of the Warrant.  

       

       

      Date: _______________ __, ______

       

      Name of Registered Holder

       

      By:                                                      

      Name:                                                 

      Title:                                                    

    

     

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

                                                                EXHIBIT
      B TO
      WARRANT

                                                               FORCED
      EXERCISE
      NOTICE

                                                                    TO
      BE
      EXECUTED 
                                                 BY
      THE COMPANY TO FORCE EXERCISE OF
      THIS WARRANT

                                                                      UNICORP,
      INC.

                Unicorp,
      Inc., a Nevada corporation (the “Company”), hereby exercises its right to
      force the holder of the attached Warrant to purchase ___________________________
      shares of the Company’s Common Stock, evidenced by the attached Warrant
      Capitalized terms used herein and not otherwise defined shall have the
      respective meanings set forth in the Warrant. (1)

    Specify Method of exercise
      by check mark:

    1.  ___Cash Exercise

    (a) Payment of
      Warrant Exercise Price. The holder shall pay the Aggregate Exercise Price of
      $______________ to the Company in accordance with the terms of the Amended
      and
      Restated Warrant.  

    (b) Delivery of
      Warrant Shares.  The Company shall deliver to the holder _________
Warrant Shares in accordance with the terms of the Amended and
      Restated
      Warrant.  

       

    Date: _______________ __, ______

     

    Name of Registered Holder

     

    By:                                                      

    Name:                                                 

    Title:                                                    

    
 

     

    [1]
      Subject
      to certain limitations contained in the Warrant

     

    
      
        
        

      

      
        B-1

        
          

        

      

      
        
        

      

    

                                                                    EXHIBIT
      C TO
      WARRANT

                                                                    FORM
      OF WARRANT
      POWER

            FOR
      VALUE
      RECEIVED, the undersigned does hereby assign and transfer to
      ________________, Federal Identification No. __________, a warrant to
      purchase ____________ shares of the capital stock of Unicorp, Inc., represented
      by warrant certificate no. _____, standing in the name of the undersigned
      on the books of said corporation.  The undersigned does hereby irrevocably
      constitute and appoint ______________, attorney to transfer the warrants of
      said
      corporation, with full power of substitution in the premises.

    
      	
              Dated:                                                             
                

            	
                                                                                     
                

            
	
               

            	
               

            
	
               

            	
              By:                                                                  
                

            
	
               

            	
              Name:                                                             
                

            
	
               

            	
              Title:                                                                
                

            
	
               

            	
               

            

    

     

     

     

    

      

       

      
        
          
          

        

        
          C-1

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