Document:

Exhibit
      4.8

    Form
      of Common Stock Warrant issued in connection with the KW Securities Corp.

    private
      placement offering.

    

    WARRANT

    

    THE
      SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES
      ACT OF 1933 (THE “ACT”) OR APPLICABLE STATE SECURITIES LAWS, AND THE TRANSFER
      THEREOF IS PROHIBITED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION
      S
      UNDER THE ACT, PURSUANT TO REGISTRATION UNDER THE ACT AND APPLICABLE STATE
      SECURITIES LAWS, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION.
      HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS
      IN
      COMPLIANCE WITH THE ACT

     

    Warrant
      To Purchase ________________ Shares of Common Stock

    

    Itec
      Environmental Group, inc.

    

    Date
      of
      Issuance: ________________

    

    No.
      ___

    

    THIS
      CERTIFIES that, for value received, ________________, or its assigns (in either
      case, the “Holder”) is entitled to purchase, subject to the provisions of this
      Warrant, from Itec Environmental Group, Inc., a Delaware corporation (the
“Company”), at the price per share set forth in Section 8 hereof, that number of
      shares of the Company’s common stock (the “Common Stock”) set forth in Section 7
      hereof. This Warrant is referred to herein as the “Warrant” and the shares of
      Common Stock issuable pursuant to the terms hereof are sometimes referred to
      herein as “Warrant Shares.”

    

    1. Holder
      Exercise of Warrant.
      This
      Warrant shall only be exercisable in whole. To exercise this Warrant in whole,
      the Holder shall deliver to the Company at its principal office, (a) a written
      notice, in substantially the form of the exercise notice attached hereto as
      Exhibit
      A
      (the
“Exercise Notice”), of the Holder’s election to exercise this Warrant, which
      notice shall specify the number of shares of Common Stock to be purchased and
      (b) this Warrant. The Company shall as promptly as practicable, and in any
      event
      within twenty (20) days after delivery to the Company of (i) the Exercise
      Notice, (ii) and this Warrant, execute and deliver or cause to be executed
      and
      delivered, in accordance with such notice, a certificate or certificates
      representing the aggregate number of shares of Common Stock specified in such
      notice, provided this Warrant has vested on or prior to the date such notice
      is
      delivered. Each certificate representing Warrant Shares shall bear the legend
      or
      legends required by applicable securities laws as well as such other legend(s)
      the Company requires to be included on certificates for its Common Stock. The
      Company shall pay all expenses and other charges payable in connection with
      the
      preparation, issuance and delivery of such stock certificates except that,
      in
      case such stock certificates shall be registered in a name or names other than
      the name of the Holder, funds sufficient to pay all stock transfer taxes that
      are payable upon the issuance of such stock certificate or certificates shall
      be
      paid by the Holder at the time of delivering the Exercise Notice. All shares
      of
      Common Stock issued upon the exercise of this Warrant shall be validly issued,
      fully paid, and nonassessable. 

    

    The
      Warrant shall expire on April 15, 2015 (the “Expiration Date”). The Investor may
      exercise the warrant at any time prior to the Expiration Date. The Company
      has
      no restriction on the sale or transfer of the Warrant or Warrant Shares;
      however, the Investor is required to comply with all state and U.S. laws and
      regulations relating to security sales and transfers.

    

    2. Reservation
      of Shares.
      The
      Company hereby covenants that at all times during the term of this Warrant
      there
      shall be reserved for issuance such number of shares of its Common Stock as
      shall be required to be issued upon exercise of this Warrant. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.
       Fractional
      Shares.
      This
      Warrant may be exercised only for a whole number of shares of Common Stock,
      and
      no fractional shares or scrip representing fractional shares shall be issuable
      upon the exercise of this Warrant. 

    

    4.
       Transfer
      of Warrant and Warrant Shares.
      The
      Holder may sell, pledge, hypothecate, or otherwise transfer this Warrant, in
      whole, in accordance with and subject to the terms and conditions set forth
      in
      the Subscription Agreement and then only if such sale, pledge, hypothecation,
      or
      transfer is made in compliance with the Act or pursuant to an available
      exemption from registration under the Act relating to the disposition of
      securities.

    

    5.
       Loss
      of Warrant.
      Upon
      receipt by the Company of evidence satisfactory to it of the loss, theft, or
      destruction of this Warrant, and of indemnification satisfactory to it, or
      upon
      surrender and cancellation of this Warrant, if mutilated, the Company will
      execute and deliver a new warrant of like tenor. 

    

    6.
       Rights
      of the Holder.
      No
      provision of this Warrant shall be construed as conferring upon the Holder
      the
      right to vote, consent, receive dividends or receive notice other than as
      expressly provided herein. Prior to exercise, no provision hereof, in the
      absence of affirmative action by the Holder to exercise this Warrant, and no
      enumeration herein of the rights or privileges of the Holder, shall give rise
      to
      any liability of the holder for the purchase price of any warrant shares or
      as a
      stockholder of the Company, whether such liability is asserted by the Company
      or
      by creditors of the Company. 

    

    7.
       Number
      of Warrant Shares.
      This
      Warrant shall be exercisable for ________________ shares of the Company’s Common
      Stock, as adjusted in accordance with this Agreement. 

    

    8.
       Exercise
      Price; Adjustment of Warrants.
      

    

    a.
       Determination
      of Exercise Price.
      The per
      share purchase price (the “Exercise Price”) for each of the Warrant Shares
      purchasable under this Warrant shall be equal to $0.06. 

     

    b.
       Net
      Issue Exercise.
      In lieu
      of exercising this Warrant, the Holder may elect to receive Shares equal to
      the
      value of this Warrant (or the portion thereof being canceled) by surrender
      of
      this Warrant at the principal office of the Company together with notice of
      such
      election, in which event the Company shall issue to the Holder a number of
      Shares computed using the following formula:

    

    X
      = Y
      (A-B)

    -------

    A

    

    Where
      X
 =
      the
      number of the Shares to be issued to the Holder.

    

    Y
      =
      the
      number of the Shares purchasable under this Warrant.

    

    A
      =
      the
      fair market value of one Share on the date of determination.

    

    B
      =
      the per
      share Exercise Price (as adjusted to the date of such calculation).

    

    Fair
      Market Value.
      For
      purposes of this section, the per share fair market value of the Shares shall
      mean:

    

    (i)
       If
      the
      Company's Common Stock is publicly traded, the per share fair market value
      of
      the Shares shall be the average of the closing prices of the Common Stock as
      quoted on the Nasdaq National Market or the principal exchange on which the
      Common Stock is listed, or if not so listed then the fair market value shall
      be
      the average of the closing bid prices of the Common Stock as published in The
      Wall Street Journal, in each case for the fifteen (15) trading days ending
      five
      (5) trading days prior to the date of determination of fair market
      value;

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (ii)
       If
      the
      Company's Common Stock is not so publicly traded, the per share fair market
      value of the Shares shall be such fair market value as is determined in good
      faith by the Board of Directors of the Company after taking into consideration
      factors it deems appropriate, including, without limitation, recent sale and
      offer prices of the capital stock of the Company in private transactions
      negotiated at arm's length.

    

    c.
      Adjustment
      for Mergers or Reorganization, etc.
      In case
      of any consolidation or merger of the Company with or into another corporation
      or the conveyance of all or substantially all of the assets of the Company
      to
      another corporation, this Warrant shall be exercisable into the number of shares
      of stock or other securities or property to which a holder of the number of
      shares of Common Stock of the Company deliverable upon exercise of this Warrant
      would have been entitled upon such consolidation, merger or conveyance; and,
      in
      any such case, appropriate adjustment (as determined by the Board of Directors
      of the Company) shall be made in the application of the provisions herein set
      forth with respect to the rights and interest thereafter of the holder of this
      Warrant, to the end that the provisions set forth herein shall thereafter be
      applicable, as nearly as reasonable may be, in relation to any shares of stock
      or other property thereafter deliverable upon the exercise of this Warrant.
      

    

    d.
       NO
      IMPAIRMENT.
      THE
      COMPANY WILL NOT, 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 HEREUNDER BY THE COMPANY, BUT WILL AT ALL TIMES IN GOOD
      FAITH ASSIST IN THE CARRYING OUT OF ALL THE PROVISIONS OF THIS SECTION AND
      IN
      THE TAKING OF ALL SUCH ACTION AS MAY BE NECESSARY OR APPROPRIATE IN ORDER TO
      PROTECT THE EXERCISE RIGHTS OF THE HOLDER OF THIS WARRANT AGAINST IMPAIRMENT.
      

    

    e. Issue
      Taxes.
      The
      Company shall pay issue taxes that may be payable in respect of any issue or
      delivery of shares of Common Stock on exercise of this Warrant, in whole;
      provided, however, that the Company shall not be obligated to pay any transfer
      taxes resulting from any transfer requested by any holder in connection with
      any
      such exercise. 

    

    f.
       Reservation
      of Stock Issuable Upon Conversion.
      The
      Company shall at all times reserve and keep available out of its authorized
      but
      unissued shares of common stock, solely for the purpose of effecting the
      exercise of this Warrant, such number of its shares of common stock as shall
      from time to time be sufficient to effect the exercise of this Warrant; and
      if
      at any time the number of authorized but unissued shares of common stock shall
      not be sufficient to effect the exercise of this Warrant, the Company will
      take
      all appropriate corporate action as may, in the opinion of its counsel, be
      necessary to increase its authorized but unissued shares of common stock to
      such
      number of shares as shall be sufficient for such purpose. 

    

    g.
       Adjustment.
      The
      Exercise Price shall be adjusted downward in the event the Company issues common
      stock (or securities exercisable for or convertible into or exchangeable for
      common stock) at a price below the Exercise Price, to a price equal to such
      issue price.

    

    9. Certain
      Distributions.
      In case
      the Company shall, at any time, prior to the Expiration Date, declare any
      distribution of its assets to holders of its common stock as a partial
      liquidation, distribution or by way of return of capital, other than as a
      dividend payable out of earnings or any surplus legally available for dividends,
      then the Holder shall be entitled, upon the proper exercise of this Warrant
      in
      whole prior to the effecting of such declaration, to receive, in addition to
      the
      shares of common stock issuable on such exercise, the amount of such assets
      (or
      at the option of the Company a sum equal to the value thereof at the time of
      such distribution to holders of common stock as such value is determined by
      the
      Board of Directors of the Company in good faith), which would have been payable
      to the Holder had it been a holder of record of such shares of common stock
      on
      the record date for the determination of those holders of Common Stock entitled
      to such distribution. 

    

    10. Dissolution
      or Liquidation.
      In case
      the Company shall, at any time prior to the Expiration Date, dissolve, liquidate
      or wind up its affairs, the Holder shall be entitled, upon the proper exercise
      of this Warrant in whole and prior to any distribution associated with such
      dissolution, liquidation, or winding up, to receive on such exercise, in lieu
      of
      the shares of Common Stock to which the Holder would have been entitled, the
      same kind and amount of assets as would have been distributed or paid to the
      Holder upon any such dissolution, liquidation or winding up, with respect to
      such shares of Common Stock had the Holder been a holder of record of such
      share
      of Common Stock on the record date for the determination of those holders of
      Common Stock entitled to receive any such dissolution, liquidation, or winding
      up distribution. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    11.
       Reclassification
      or Reorganization.
      In case
      of any reclassification, capital reorganization or other change of outstanding
      shares of common stock of the Company (other than a change in par value, or
      from
      par value to no par value, or from no par value to par value, or as a result
      of
      an issuance of common stock by way of dividend or other distribution or of
      a
      subdivision or combination), the Company shall cause effective provision to
      be
      made so that the Holder shall have the right thereafter by exercising this
      Warrant, to purchase the kind and amount of shares of stock and other securities
      and PROPERTY RECEIVABLE UPON SUCH RECLASSIFICATION, CAPITAL REORGANIZATION
      OR
      OTHER CHANGE, BY A HOLDER OF THE NUMBER OF SHARES OF COMMON STOCK WHICH MIGHT
      HAVE BEEN PURCHASED UPON EXERCISE OF THIS WARRANT IMMEDIATELY PRIOR TO SUCH
      RECLASSIFICATION OR CHANGE. ANY SUCH PROVISION SHALL INCLUDE PROVISION FOR
      ADJUSTMENTS WHICH SHALL BE AS NEARLY EQUIVALENT AS MAY BE PRACTICABLE TO THE
      ADJUSTMENTS PROVIDED FOR IN THIS WARRANT. THE FOREGOING PROVISIONS OF THIS
      SECTION 12 SHALL SIMILARLY APPLY TO SUCCESSIVE RECLASSIFICATIONS, CAPITAL
      REORGANIZATIONS AND CHANGES OF SHARES OF COMMON STOCK. IN THE EVENT THAT IN
      ANY
      SUCH CAPITAL REORGANIZATION, RECLASSIFICATION, OR OTHER CHANGE, ADDITIONAL
      SHARES OF COMMON STOCK SHALL BE ISSUED IN EXCHANGE, CONVERSION, SUBSTITUTION
      OR
      PAYMENT, IN WHOLE, FOR OR OF A SECURITY OF THE COMPANY OTHER THAN COMMON STOCK,
      ANY AMOUNT OF THE CONSIDERATION RECEIVED UPON THE ISSUE THEREOF BEING DETERMINED
      BY THE BOARD OF DIRECTORS OF THE COMPANY SHALL BE FINAL AND BINDING ON THE
      HOLDER. 

    

    12.
       Miscellaneous.
      

    

    a.
       Successors
      and Assigns.
      The
      terms and conditions of this Agreement shall inure to the benefit of, and be
      binding upon, the respective successors and assigns of the parties, except
      to
      the extent otherwise provided herein. Nothing in this Agreement, express or
      implied, is intended to confer upon any party, other than the parties hereto
      or
      their respective successors and assigns, any rights, remedies, obligations
      or
      liabilities under or by reason of this Agreement, except as expressly provided
      in this Agreement. 

    

    b.
       Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of California without regard to the principles of conflict of laws
      thereof. 

    

    c. Counterparts;
      Delivery by Facsimile.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument. Delivery of this Agreement may be effected by facsimile.

    

    d.
       Titles
      and Subtitles.
      The
      titles and subtitles used in this Agreement are used for convenience only and
      are not to be considered in construing or interpreting this Agreement.

    

    e.
      Notices.
      Unless
      otherwise provided, any notice required or permitted hereunder shall be given
      by
      personal service upon the party to be notified by certified mail, return receipt
      requested and: (i) if to the Company, addressed to Itec Environmental Group,
      Inc., 5300 Claus Road, Riverbank, California 95367, or at such other address
      as
      the Company may designate by notice to each of the Investors in accordance
      with
      the provisions of this Section; and (ii) if to the Warrant holder, at the
      address indicated on the signature page hereof, or at such other addresses
      as
      such Holder may designate by notice to the Company in accordance with the
      provisions of this Section. 

    

    f.
       Amendments
      and Waivers.
      Any
      term of this Agreement may be amended and the observance of any term of this
      Agreement may be waived (either generally or in a particular instance and either
      prospectively or retroactively), only with the written consent of the Company
      and a majority in interest of the Holders. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    g.
       Entire
      Agreement.
      This
      Agreement, the Memorandum (including the appendices and schedules thereto)
      by
      and between the Company and the Holder, constitute the entire agreement among
      the parties hereto with respect to the subject matter hereof and thereof and
      supersede all prior agreements, understandings, negotiations and discussions,
      whether oral or written, of the parties hereto. 

    

    IN
      WITNESS WHEREOF, the undersigned hereby sets is hand and seal this ___ day
      of
      _______________, 2007. 

    
      	 	 	 	 
	
              Itec
                Environmental Group, Inc. 

            	 	 	 
	 	 	 	 
	 	 	 	 
	By:
	 	 	
            
	
              
                
Name:
                Rodney S. Rougelot

            	 	 	
            
	
              Title:
                Chief Executive Officer

            	 	 	
            

    

    

    Investor
      Name: ________________

    

    Investor
      Address: ________________

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    

    NOTICE
      OF EXERCISE

    

    (To
      be
      signed only upon exercise of the Warrant)

     

    To:
      Itec
      Environmental Group, Inc.

     

    The
      undersigned, hereby irrevocably elects to exercise the purchase rights
      represented by the Warrant granted to the undersigned on ______________ and
      to
      purchase thereunder __________* shares of Common Stock of Itec Environmental
      Group, Inc. (the “Company”).

    

    Dated:
      ________________

    
      	 	 	 
	
            	
            	
            
	 	
              

              (Signature
                must conform in all respects to name 
                of
                  holder as specified on the face of the Warrant)

              

            
	 	
            
	 	
              
                
(Please
                Print Name)

            
	 	 
	 	
              

              (Address)

            

    

    

    *
      Insert
      here the number of shares being exercised, without making any adjustment for
      additional Common Stock of the Company, other securities or property which,
      pursuant to the adjustment provisions of the Warrant, may be deliverable upon
      exercise. 

    

    
      
        
        

      

      
        6Exhibit
      4.9

    Form
      of Convertible Debenture issued in connection with the KW Securities Corp.
      

    private
      placement offering.

    

    ITEC
      ENVIRONMENTAL GROUP, INC.

    10%
      CONVERTIBLE DEBENTURE

     

    
      	 	 
	
              No.
                ___

            	
              ______________________

            
	
              $________

            	
              RIVERBANK,
                CALIFORNIA

            

    

     

    ITEC
      ENVIRONMENTAL GROUP, INC. (“Maker” or the “Company”) hereby promises to pay to
      the order of the _______________________ (“Holder”), the sum of ________________
      Dollars ($______), with interest at the rate of ten percent (10%) per annum
      until paid. All outstanding principal and accrued and unpaid interest shall
      become due eighteen months from the date upon which this 10% Convertible
      Debenture (“Debenture”) is executed (the “Maturity Date”). All payments due and
      owning under this Debenture shall be subject to the terms and conditions set
      forth herein. 

    

    
      	1.  	
              Agreement.

            

    

    

    The
      Debenture is issued pursuant to that certain Subscription Agreement (the
“Agreement”), dated the same date as first set forth herein, by and between
      Maker and Holder, which is hereby incorporated by reference.

    

    
      	2.  	
              Register.

            

    

    

    The
      Company shall keep at its principal office a register in which the Company
      shall
      provide for the registration of the Holder of the Debenture or for the
      registration of a transfer of the Debenture to a different Holder.

    

    
      	3.  	
              Loss
                Theft, Destruction or Mutilation of the
                Debenture.

            

    

    

    Upon
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of the Debenture and, in the case of any such loss,
      theft or destruction, upon receipt of an indemnity bond in such reasonable
      amount as the Company may determine (or if such Debenture is held by the
      original Holder, of an unsecured indemnity agreement reasonably satisfactory
      to
      the Company) or, in the case of any such mutilation, upon surrender and
      cancellation of such Debenture, the Company will make and deliver, in lieu
      of
      such lost, stolen, destroyed or mutilated Debenture, a new Debenture of like
      tender and unpaid principal amount and dated as of the date to which interest
      has been paid on the Debenture so lost, stolen, destroyed or
      mutilated.

    

    
      	4.  	
              Registered
                Holder.

            

    

    

    The
      Company may deem and treat the person in whose name any Debenture is registered
      as the absolute owner and Holder of such Debenture for the purpose of receiving
      payment of the principal of and interest on such Debenture and for the purpose
      of any notices, waivers or consents thereunder, whether or not such Debenture
      shall be overdue, and the Company shall not be affected by notice to the
      contrary. Payments with respect to any Debenture shall be made only to the
      registered Holder thereof.

    

    
      	5.  	
              Surrender
                of the Debenture.

            

    

    

    The
      Company may, as a condition of payment of all or any of the principal of, and
      interest on, the Debenture, or its conversion, require Holder to present the
      Debenture for notation of such payment and, if the Debenture be paid in full
      or
      converted at the election of Holder as herein provided, require the surrender
      hereof.

    

    
      	6.  	
              Subordination.

            

    

    

    The
      Company, in its sole discretion, may subordinate the Debenture to any Senior
      Debt of the Company. For purposes of the Debenture, “Senior Debt” shall mean all
      indebtedness for all principal,
      fees, expenses, interest, penalties, post-bankruptcy petition interest, and
      all
      other amounts payable for money borrowed.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	7.  	
              Conversion.

            

    

    

    At
      any
      time prior to or at the Maturity Date, at the option of the Holder, all
      principal and accrued interest due on this Debenture (the “Convertible Amount”)
      may be converted at $0.0975 per share.

    

    If,
      upon
      the expiration of the Maturity Date or the Listing, Holder elects NOT to convert
      this Debenture, all outstanding principal and accrued and unpaid interest shall
      become due and payable. Holder shall provide fifteen (15) days written notice
      to
      the Company of Holder’s election to convert the Debenture.

    

    The
      Conversion Amount shall be adjusted downward in the event the Company issues
      common stock (or securities exercisable for convertible into or exchangeable
      for
      common stock) at a price below the Conversion Amount, to a price equal to such
      issue price.

    

    
      	8.  	
              Mechanics
                of Conversion.

            

    

    

    Upon
      the
      Company’s receipt of written notice of Holder’s election to convert the
      Debenture, the principal amount of this Debenture plus any accrued interest
      shall be deemed converted into such number of shares of the Company’s Common
      Stock as determined pursuant to Section 7, and no further payments shall
      thereafter accrue or be owing under the Debenture. The entire balance due and
      owing under the Debenture must be converted to Common Stock; no partial
      conversions will be allowed. Holder shall return this Debenture to the Company
      at the address set forth below, or such other place as the Company may require
      in writing. Within ten (10) days after receipt of this Debenture, the Company
      shall cause to be issued in the name of and delivered to Holder at the address
      set forth above, or to such other address as to which Holder shall have notified
      the Company in writing, a certificate evidencing the securities to which Holder
      is entitled. No fractional securities will be issued upon conversion of the
      Debenture. If on conversion of the Debenture a fraction of a security results,
      the Company shall round up the total number of securities to be issued to Holder
      to the nearest whole number.

    

    
      	9.  	
              Notice.

            

    

    

    Any
      notice required or desired to be given under this Agreement shall be in writing
      and shall be deemed given when personally delivered, sent by an overnight
      courier service, or sent by certified or registered mail to the addresses set
      forth below, or such other address as to which one party may have notified
      the
      other in such manner.

    

    
      	10.  	
              Default.

            

    

    

    The
      following will be “Events of Default” under the Debenture: (a) the Company shall
      default on the payment of principal or interest on the Debenture or on any
      other
      indebtedness of the Company when due; (b) the Company shall default on the
      observance or performance of any other covenant set forth in the Debenture;
      (c)
      the Company shall issue any indebtedness senior to the Debenture or grant any
      security for any other indebtedness (other than in connection with operating
      leases such as stand-alone office equipment leases); (d) the Company shall
      become insolvent or file a voluntary petition in bankruptcy (or have such a
      petition filed against it) or have an assignment for the benefit of creditors
      or
      other creditor arrangement or similar event occur with respect to it or its
      assets; or (e) failure to comply with any other term or condition of the
      Debenture, which shall not have been cured within ten (10) business days receipt
      of written notice to the Company.

    

    Upon
      Default, and
      at
      the option of Holder, or Holder’s successors or assigns, with
      fifteen (15) days written notice to the Company, demand or presentment, Holder
      may (i) accelerate all amounts due and owing under this Debenture and demand
      payment immediately and/or (ii) declare the right to exercise any and all
      remedies available to Holder under applicable law.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    
      	 	
              11.

            	
              Miscellaneous.

            

    

    

    (a) 10%
      per
      annum calculated using a 360-day year composed of 12 30-day months, payable
      in
      full, unless otherwise converted to common stock in the Company, at maturity
      or
      conversion.

    

    (b) The
      Company agrees that all Conversion Shares shall be fully paid and
      non-assessable. Maker shall pay upon demand any and all expenses, including
      reasonable attorney fees, incurred or paid by Holder of this Debenture without
      suit or action in attempting to collect funds due under this Debenture or in
      connection with the issuance of the Conversion Shares. In the event an action
      is
      instituted to enforce or interpret any of the terms of this Debenture including
      but not limited to any action or participation by Maker in, or in connection
      with, a case or proceeding under the Bankruptcy Code or any successor statute,
      the prevailing party shall be entitled to recover all expenses reasonably
      incurred at, before and after trial and on appeal or review, whether or not
      taxable as costs, including, without limitation, attorney fees, witness fees
      (expert and otherwise), deposition costs, copying charges and other
      expenses.

    

    (c) All
      parties to this Debenture hereby waive presentment, dishonor, notice of dishonor
      and protest. All parties hereto consent to, and Holder is hereby expressly
      authorized to make, without notice, any and all renewals, extensions,
      modifications or waivers of the time for or the terms of payment of any sum
      or
      sums due hereunder, or under any documents or instruments relating to or
      securing this Debenture, or of the performance of any covenants, conditions
      or
      agreements hereof or thereof or the taking or release of collateral securing
      this Debenture. Any such action taken by Holder shall not discharge the
      liability of any party to this Debenture.

    

    (d) This
      Debenture shall be governed by and construed in accordance with the laws of
      the
      state of California without regard to conflict of law principles.

    

    (e) All
      payments due and owing under this Debenture shall be delivered to the following:
      

     

     
      ___________________________

     
      ___________________________

     
      ___________________________

     

    IN
      WITNESS WHEREOF, the parties hereto execute this Convertible Debenture as of
      this ____ day of_______, 2007.

     

    
      
        	
                Maker: 

              	
                ITEC
                  ENVIRONMENTAL GROUP, INC.

              	 	 
	 	 	 	 
	 	 	 	 
	 	
                

                By:
                  Rodney S. Rougelot

                
                  Its:
                    Chief Executive Officer 

                

              	 	 

      

    

     

    Holder:
      ___________________________

    Holder’s
      address: ___________________________

    ___________________________

     

    
      	
              Maker’s
                address:

            	 	
              Itec
                Environmental Group

            
	 	 	
              Attn:
                Rodney S. Rougelot 

            
	 	 	
              5300
                Claus Road

            
	 	 	
              P.O.
                Box 760

            
	 	 	
              Riverbank,
                California 95367

            
	 	 	 
	
              With
                a copy to:

            	 	
              The
                Otto Law Group, PLLC

            
	 	 	
              Attn:
                David M. Otto

              601
                Union Street, Suite 4500

              Seattle,
                Washington 98101

            

    

     

    
      
        
        

      

      
        3

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