Document:

EXHIBIT 10.4

                                WARRANT AGREEMENT

         This WARRANT  AGREEMENT (this  "Agreement") is made and entered into as
of May 27, 2004 (the "Issuance Date"), by and between Bikini Team International,
Inc., a Utah corporation (the "Company") and _______ (the "Holder").

         The Company and the Holder hereby agree as follows:

SECTION 1.  ISSUANCE OF THE WARRANT; TRANSFERABILITY AND FORM OF THE WARRANT.

                  A. THE  WARRANT.  The  Company  hereby  grants to the Holder a
         warrant attached hereto as Annex A (the "Warrant") to purchase up to an
         aggregate of _______  shares of the Common Stock,  $0.01 par value,  of
         the Company (the  "Common  Stock"),  at an exercise  price of $0.20 per
         share.  The shares of fully paid,  duly  authorized and  non-assessable
         Common Stock issuable upon exercise of the Warrant are referred  herein
         as the "Warrant Shares."

                  B. TRANSFER RESTRICTIONS.  Holder agrees not to sell, transfer
         or  otherwise  dispose  of the  Warrant  or  Warrant  Shares,  unless a
         registration  statement  under the  Securities  Act of 1933, as amended
         (the "Securities Act"), is in effect with regard thereto or unless such
         sale,  transfer or other  disposition is made pursuant to a transaction
         exempt from such  registration and registration or qualification  under
         applicable state securities laws.

                  C.  TRANSFER  -  GENERAL.  Subject  to the terms  hereof,  the
         Warrant  shall  be  transferable  only  on the  books  of  the  Company
         maintained at its principal  office upon delivery thereof duly endorsed
         by the Holder or by its duly authorized attorney or representative,  or
         accompanied by proper  evidence of succession,  assignment or authority
         to transfer. In all cases of transfer,  the original power of attorney,
         duly approved,  or a copy thereof,  duly certified,  shall be deposited
         and  remain  with  the  Company.  In case  of  transfer  by  executors,
         administrators,   guardians  or  other  legal   representatives,   duly
         authenticated evidence of their authority shall be produced, and may be
         required  to be  deposited  and  to  remain  with  the  Company  in its
         discretion.  Upon any registration of transfer, the person to whom such
         transfer  is made shall  receive a new  Warrant or  Warrants  as to the
         portion of the Warrant transferred, and the Holder shall be entitled to
         receive a new  Warrant or  Warrants  from the Company as to the portion
         thereof  retained  (each of which new Warrants shall evidence the right
         to purchase  one (1) Warrant  Share or an integral  multiple of one (1)
         Warrant  Share).  The  designated  transferee  or  transferees  will be
         recorded in the register  maintained by the Company as the Holder(s) of
         the new Warrant(s).

                  D. FORM OF THE  WARRANT.  The form of the  Warrant  and of the
         election to purchase Warrant Shares (the "Subscription  Form") shall be
         substantially as set forth respectively in Annex A and Annex B attached
         hereto.  The Warrant and any  replacement  Warrant shall be executed on
         behalf of the Company by its Chairman of the Board, its Chief Executive
         Officer,  President or one of its Vice Presidents. The Warrant shall be

<PAGE>

         dated as of the date of  execution  thereof by the Company  either upon
         initial issuance or upon transfer.

SECTION  2.  TERM OF THE  WARRANT;  EXERCISE  OF THE  WARRANT;  RESTRICTIONS  ON
EXERCISE; EXERCISE PRICE, ETC.

                  A.  TERM  OF  THE  WARRANT.  Subject  to  the  terms  of  this
         Agreement, Holder shall have the right, which right may be exercised in
         whole or in part,  from time to time,  beginning  on the earlier of the
         six  month  anniversary  of  the  Issuance  Date  or  the  date  that a
         registration  statement  registering  the Warrant Shares filed with the
         SEC has  become  effective,  and  ending  on  February  28,  2009  (the
         "Expiration Date"), to purchase from the Company Warrant Shares. If the
         last day for the  exercise  of the  Warrant  is not a day (a  "Business
         Day")  other than a Saturday,  Sunday or other day on which  commercial
         banks in New York, New York are authorized or required by law to close,
         then the Warrant may be exercised on the next succeeding Business Day.

         Notwithstanding the foregoing,  in no event shall Holder be entitled to
         exercise  any  portion of the  Warrant to the extent  that,  after such
         exercise,  the  sum of  (1)  the  number  of  shares  of  Common  Stock
         beneficially  owned by the  Holder,  and (2) the  number  of  shares of
         Common Stock issuable upon the full or partial  exercise of the Warrant
         with respect to which the determination of this sentence is being made,
         would  result in  beneficial  ownership by Holder of more than 4.99% of
         the  outstanding  shares of Common Stock (after taking into account the
         shares to be issued to Holder upon such exercise).  For purposes of the
         immediately   preceding   sentence,   beneficial   ownership  shall  be
         determined in accordance with Section 13(d) of the Securities  Exchange
         Act of 1934, as amended (the "1934 Act") "), and Rule 13d-3 promulgated
         thereunder.  The Holder further agrees that if the Holder  transfers or
         assigns  any of the  Warrant  to any  affiliate  of such  Holder,  such
         transfer or  assignment  shall be made subject to the  transferee's  or
         assignee's  specific  agreement to be bound by the  provisions  of this
         Section.

                  B. VESTING OF THE WARRANT.  The Warrant herein shall be vested
         in full upon issuance.

                  C. EXERCISE OF THE WARRANT.  The Warrant may be exercised upon
         surrender  to the Company,  at its  principal  office,  of the Warrant,
         together with the  Subscription  Form  completed  and signed,  and upon
         payment  to the  Company  of the  Exercise  Price  (as  defined  in and
         determined in accordance  with the provisions of Sections 2(e), (f) and
         6 hereof)  for the  number of  Warrant  Shares in respect of which such
         Warrant is then being exercised (such surrender of Warrant, delivery of
         the  Subscription  Form and payment of the Exercise  Price  hereinafter
         called the "Exercise of the  Warrant").  Upon partial  exercise,  a new
         Warrant for the  unexercised  Warrant  Shares shall be delivered by the
         Company to Holder  within five (5)  Business  Days.  Subject to Section
         2(f),  payment of the Exercise Price shall be by delivery of cash, or a
         certified or official bank check in the amount of such Exercise Price.

         Subject  to  Section 3 hereof,  upon such  surrender  of a Warrant  and
         payment of the Exercise Price as aforesaid, the Company shall issue and

                                      -2-
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         cause to be delivered  within five (5) Business Days to Holder or, upon
         the written  order of the  Holder,  in such name or names as Holder may
         designate,  a  certificate  or  certificates  for the number of Warrant
         Shares so purchased  upon the exercise of such  Warrant,  together with
         cash,  as  provided in Section  6(d)  hereof in lieu of any  fractional
         Warrant Shares otherwise issuable upon such surrender. Such certificate
         or  certificates  shall be deemed to have been issued and any person so
         designated  to be named therein shall be deemed to have become a holder
         of record of such Warrant  Shares as of the date of the Exercise of the
         Warrant.

                  D. COMPLIANCE WITH GOVERNMENT REGULATIONS. Holder acknowledges
         that neither the Warrant nor the Warrant  Shares have been qualified or
         registered  under the Securities Act or any state  securities laws, and
         therefore   may  be  sold  or  disposed  of  in  the  absence  of  such
         registration or  qualification  only pursuant to an exemption from such
         registration  or  qualification  and in accordance with this Agreement.
         The Warrant and the Warrant  Shares will bear a legend to the following
         effect:

         THE SECURITIES  REPRESENTED  HEREBY HAVE NOT BEEN  REGISTERED  WITH THE
         SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AS
         AMENDED,  OR WITH THE  SECURITIES  COMMISSION  OF ANY  STATE  UNDER ANY
         APPLICABLE  STATE  SECURITIES OR BLUE SKY LAWS. SUCH SECURITIES MAY NOT
         BE  SOLD OR  OTHERWISE  TRANSFERRED  EXCEPT  PURSUANT  TO AN  EFFECTIVE
         REGISTRATION STATEMENT OR IN A TRANSACTION EXEMPT FROM THE REGISTRATION
         REQUIREMENTS OF THOSE SECURITIES LAWS.

                  E.  EXERCISE  PRICE.  The price per share at which the Warrant
         Shares shall be purchasable upon exercise of the Warrant shall be $0.20
         per share of Common Stock, subject to adjustment as provided in Section
         6 hereof (the "Exercise Price").

                  F. CASHLESS/NET EXERCISE. At any time after June 30, 2005, and
         so  long  as  the  Warrant  Shares  are  not on the  date  of  exercise
         registered  on a  then-effective  registration  statement,  in  lieu of
         exercising  the  Warrant or any portion  thereof  for cash,  the Holder
         shall have the right to convert the  Warrant,  or any portion  thereof,
         into Warrant Shares by executing and delivering to the Company,  at its
         principal   executive  office,  a  duly  executed   Subscription  Form,
         specifying  the  number of  Warrant  Shares as to which the  Warrant is
         being exercised,  and accompanied by the surrender of the Warrant.  The
         number  of  Warrant  Shares to be issued  shall be  computed  using the
         following formula:

         X =  [Y o (A-B)]/A

         Where:

         X = the number of Warrant Shares to be issued to such Holder
         Y = the total number of Warrant Shares then issuable upon exercise of
             the Warrant in full
         A = the Fair Value (as defined below) of one Warrant Share
         B = the Exercise Price (as adjusted) on the date of conversion

                                      -3-
<PAGE>

SECTION 3. PAYMENT OF TAXES.  The Company will pay all documentary  stamp taxes,
if any,  attributable to the issuance of the initial Warrant delivered  pursuant
to this Agreement and Warrant  Shares upon the exercise of Warrant.  The Company
shall not be required to pay any income tax or taxes resulting from the issuance
of the Warrant or any other tax or taxes other than as set forth above which may
be payable in respect of any  transfer  involved in the issue or delivery of the
Warrant or certificates for Warrant Shares.

SECTION 4. MUTILATED OR MISSING WARRANT. In case any Warrant shall be mutilated,
lost,  stolen or destroyed,  the Company shall issue and deliver in exchange and
substitution for and upon cancellation of the mutilated  Warrant,  or in lieu of
and  substitution  for the Warrant lost,  stolen or destroyed,  a new Warrant of
like tenor and  representing  an  equivalent  right or  interest;  but only upon
receipt of evidence  reasonably  satisfactory to the Company of such loss, theft
or destruction  of such Warrant and an agreement to indemnify the Company,  also
reasonably satisfactory to the Company.

SECTION 5.        RESERVATION OF WARRANT SHARES.

                  A.  RESERVATION OF WARRANT  SHARES.  There have been reserved,
         and the Company shall at all times  reserve,  out of its authorized and
         unissued shares of Common Stock,  that number of shares of Common Stock
         sufficient  at all  times  to  provide  for the  full  exercise  of the
         Warrant.  The transfer agent for the Common Stock and every  subsequent
         transfer  agent  ("Transfer  Agent")  for any  shares of the  Company's
         capital stock issuable upon the exercise of the Warrant will be and are
         hereby irrevocably authorized and directed at all times until 5:00 p.m.
         Pacific  Time  on  the  Expiration  Date  to  reserve  such  number  of
         authorized  shares as shall be requisite for such purpose.  The Company
         will keep a copy of this  Agreement on file with the Transfer Agent for
         any shares of the Company's capital stock issuable upon the exercise of
         the Warrant. The Company covenants that the issuance, sale and delivery
         of the Warrant in  accordance  with this  Agreement,  and the issuance,
         sale and  delivery of the Warrant  Shares upon  exercise of the Warrant
         have been duly authorized by all necessary corporate action on the part
         of the Company.  Sufficient  authorized  but unissued  shares of Common
         Stock  have  been  reserved  by  all  necessary   corporate  action  in
         connection  with the prospective  exercise of the Warrant.  The Company
         covenants  that all Warrant Shares which may be issued upon exercise of
         Warrant will,  upon payment in accordance  with this  Agreement be duly
         authorized, validly issued, fully paid, nonassessable,  and free of and
         from all preemptive or stock purchase rights,  taxes,  liens,  charges,
         pledges,  mortgages,  security  interests,  and other  encumbrances  or
         claims of any kind with  respect  thereto  except  as  created  by such
         Holder.  The Company will supply the Transfer  Agent with duly executed
         stock  certificates for such purpose and will provide or otherwise make
         available  any cash which may be payable as provided in Section 6(d) of
         this Agreement.  The Company will furnish to such Transfer Agent a copy
         of all  notices  of  adjustments,  and  certificates  related  thereto,
         transmitted to each Holder. Any Warrant  surrendered in the exercise of
         the rights  thereby  evidenced  shall be,  subject to the  issuance  of
         replacement  Warrant for the Warrant  Shares not exercised at such time
         pursuant to Section 2(c), canceled by the Company.

                                      -4-
<PAGE>

                  B.  CANCELLATION  OF WARRANT.  In the event the Company  shall
         purchase or otherwise  acquire any Warrant,  the same shall be canceled
         and retired.

SECTION 6. ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES. The number
and kind of  securities  purchasable  upon the  exercise  of the Warrant and the
Exercise  Price  shall be  subject  to  adjustment  from  time to time  upon the
happening of certain events, as hereinafter discussed.

                  A.  MECHANICAL  ADJUSTMENTS.  The  number  of  Warrant  Shares
         purchasable  upon the  exercise of the Warrant and the  Exercise  Price
         shall be subject to adjustment as follows:

                           i. SUBDIVISION OR COMBINATION OF SHARES.  In case the
              Company shall at any time subdivide (including, without limitation
              through a stock split or stock dividend) its outstanding shares of
              Common Stock into a greater  number of shares,  the Exercise Price
              in  effect   immediately   prior  to  such  subdivision  shall  be
              proportionally   reduced   and  the  number  of   Warrant   Shares
              purchasable hereunder shall be proportionately  increased. In case
              the outstanding shares of the Common Stock of the Company shall be
              combined  (including,  without  limitation through a reverse stock
              split)  into a smaller  number of shares,  the  Exercise  Price in
              effect   immediately   prior   to  such   combination   shall   be
              proportionately   increased  and  the  number  of  Warrant  Shares
              purchasable hereunder shall be proportionately decreased.

                           ii.  REORGANIZATION,  MERGER,  ETC.  In  case  of any
              capital  reorganization,  reclassification  or similar transaction
              involving the capital stock of the Company (other than as provided
              in  Section  6(a)(ii)),  any  consolidation,  merger  or  business
              combination of the Company with another corporation,  or the sale,
              conveyance or similar  transaction of all or substantially  all of
              its assets to another corporation, shall be effected in such a way
              that  holders of the Common  Stock  shall be  entitled  to receive
              stock,  securities,  or assets (including cash) with respect to or
              in exchange for shares of the Common Stock,  then, prior to and as
              a   condition    of   such    reorganization,    reclassification,
              consolidation,  merger, business combination,  sale, conveyance or
              similar  transaction,  lawful and adequate provision shall be made
              whereby the Holder shall thereafter have the right to receive upon
              exercise of the Warrant  and in lieu of the Warrant  Shares,  such
              shares of stock,  securities or assets  (including cash) as may be
              issued or payable  with  respect to or in exchange for a number of
              outstanding  shares of Common  Stock equal to the number of shares
              of  Common  Stock  immediately  theretofore  purchasable  upon the
              exercise of the Warrant had such reorganization, reclassification,
              consolidation,  merger, business combination,  sale, conveyance or
              similar transaction not taken place. In any such case, appropriate
              provision  shall be made with respect to the rights and  interests
              of the Holder to the end that the  provisions  hereof  (including,
              without  limitation,  provisions  for  adjustment  of the Exercise
              Price and of the number of  Warrant  Shares  purchasable  upon the
              exercise of the Warrant) shall thereafter be applicable, as nearly
              as  possible  in  relation  to any  stock,  securities  or  assets
              thereafter deliverable upon the exercise of the Warrant.

                                      -5-
<PAGE>

                           iii.  RECORD DATE. The record date for the holders of
              Common  Stock for the purpose of  entitling  them (a) to receive a
              dividend or other  distribution  payable in shares of Common Stock
              or Common Stock  Equivalents,  or (b) to subscribe for purchase or
              otherwise  receive  any  shares  of Common  Stock or Common  Stock
              Equivalents  shall  be the  date  determined  by the  Board as the
              record date for such  purposes or, if none is  established  by the
              Board, then the record date shall be the date immediately prior to
              such action.

                           iv. ADJUSTMENT NOTICES TO HOLDER. Whenever the number
              of Warrant Shares  purchasable upon the exercise of the Warrant or
              the Exercise Price of such Warrant  Shares is adjusted,  as herein
              provided,  the  Company  shall,  within  ten  (10)  business  days
              following the event which triggered such adjustment, mail by first
              class,  postage  prepaid,  to Holder notice of such  adjustment or
              adjustments  and shall  deliver to Holder a copy of a  certificate
              (an "Adjustment  Certificate") of either the Board of Directors of
              the  Company  or  of a  firm  of  independent  public  accountants
              selected by the Board of  Directors of the Company (who may be the
              regular  accountants  employed by the Company)  setting  forth the
              number of Warrant  Shares  purchasable  upon the  exercise  of the
              Warrant and the Exercise  Price of such Warrant  Shares after such
              adjustment, setting forth a brief statement of the facts requiring
              such  adjustment  and setting forth the  computation by which such
              adjustment was made.

                           v. EXERCISE PRICE DEFINED.  As used in this Agreement
              and the Warrant, the term "Exercise Price" shall mean the purchase
              price per share  specified in this Agreement and the Warrant until
              the  occurrence  of an  event  specified  in  this  Section  6 and
              thereafter  shall mean said price,  as adjusted from time to time,
              in accordance with the provisions of this Section 6.

                           vi. FAIR VALUE DEFINED. Fair Value as of a particular
              date  shall mean the  closing  price for the day before the day in
              question.  The closing price shall be the last reported sale price
              on the day in  question  or, in case no such  reported  sale takes
              place on such day, on the most recent  reported sale prior to such
              day in question, in each case on the principal national securities
              exchange  on which  the  Common  Stock is listed  or  admitted  to
              trading or, if not listed or  admitted to trading on any  national
              securities  exchange,  the last  trade  price as  reported  by the
              National  Association of Securities  Dealers  Automated  Quotation
              System, (the "NASDAQ"), Over the Counter or Bulletin Board market,
              or the "pink sheets," whichever is applicable.  If such quotations
              are unavailable,  or with respect to other  appropriate  security,
              property,  assets, business or entity, "Fair Value" shall mean the
              fair value of such item as determined by mutual agreement  reached
              by the Company and the Holder of Common Stock  issuable  under the
              Warrant  or, in the  event the  parties  are  unable to agree,  an
              opinion  of  an  independent   nationally   recognized  investment
              banking,  accounting  or appraisal  firm or firms  retained by the
              Company, at the Company's expense, to determine such Fair Value.

                           vii.  ADJUSTMENTS:  ADDITIONAL SHARES,  SECURITIES OR
              ASSETS.  In  the  event  that  at  any  time,  as a  result  of an
              adjustment made pursuant to this Section 6, the Holder shall, upon

                                      -6-
<PAGE>

              Exercise of the Warrant,  become entitled to receive shares and/or
              other  securities  or  assets  (other  than  Common  Stock)  then,
              wherever  appropriate,  all references  herein to shares of Common
              Stock shall be deemed to refer to and include  such shares  and/or
              other  securities  or assets;  and  thereafter  the number of such
              shares and/or other securities or assets.

                           viii. COMPUTATION OF ADJUSTMENT. If any adjustment to
              the number of shares of Common Stock issuable upon the exercise of
              each Warrant or any  adjustment to the Exercise  Price is required
              pursuant to Section 6 hereof, the number of shares of Common Stock
              issuable upon exercise of each Warrant or the Exercise Price shall
              be rounded up to the nearest  1/100th  cent or 1/100th  Share,  as
              appropriate.

         6.2 NOTICE OF CONSOLIDATION OR MERGER. If the Company shall at any time
consolidate or merge into any other corporation or transfer all or substantially
all of its assets,  then the Company shall deliver  written notice to the Holder
of such merger,  consolidation or sale of assets at least twenty (20) days prior
to the closing of such merger,  consolidation  or sale of assets and the Warrant
shall  terminate  and expire  immediately  prior to the closing of such  merger,
consolidation or sale of assets.

         6.3 STATEMENT ON THE WARRANT.  Irrespective  of any  adjustments in the
Exercise Price or the number or kind of shares  purchasable upon the exercise of
the  Warrant,  the Warrant  theretofore  or  thereafter  issued may  continue to
express  the same  price and  number  and kind of  shares  as are  stated in the
Warrant initially issuable pursuant to this Agreement;  provided,  however, that
the Warrant shall be exercisable on the terms set forth in the latest Adjustment
Certificate delivered pursuant to Section 6(a)(iv) hereof.

SECTION  7.  REGISTRATION  RIGHTS.  So long as the  Warrant  Shares are not then
registered  or  otherwise  freely  tradeable  by the Holder,  each time that the
Company shall propose the registration under the Securities Act of any shares of
Common Stock of the Company on any  registration  statement form other than Form
S-8 or S-4,  notice of such  proposed  registration  stating the total number of
shares  proposed  to be the subject of such  registration  shall be given to the
record owners of the  Warrants.  The Company will  automatically  include in any
registration  statement  filed with the Commission  with regard to such proposed
registration  the number of  Registrable  Securities  requested  to be  included
therein by the Holder.  For purposes hereof,  the term "Registrable  Securities"
means the shares of Common Stock issuable upon exercise of the Warrants, as well
as any other shares of Common Stock then  beneficially  owned by the Holder,  to
the extent  such  shares  cannot be resold  without  limitation  by the  holders
thereof without registration under the Securities Act.

SECTION 8. NO RIGHTS AS  STOCKHOLDER;  NOTICES TO HOLDER.  Nothing  contained in
this  Agreement  or in the Warrant  shall be construed  as  conferring  upon the
Holder or its permitted transferees the right to vote or to receive dividends or
to consent to or receive  notice as a  stockholder  in respect of any meeting of
stockholders  for the election of directors of the Company or any other  matter,
or any rights  whatsoever  as a stockholder  of the Company;  provided that this
provision shall not limit the required notice as set forth in Section 6 hereof.

                                      -7-
<PAGE>

SECTION 9.  INSPECTION  OF WARRANT  AGREEMENT.  The Company shall keep copies of
this Agreement and any and all notices given or received hereunder available for
inspection by the Holder during normal business hours at its principal office.

SECTION 10.  IDENTITY OF TRANSFER  AGENT.  Forthwith upon the appointment of any
subsequent  transfer  agent  for the  Common  Stock or any  other  shares of the
Company's  capital  stock  issuable upon the exercise of the Warrant the Company
will  notify the  Holder of the name and  address  of such  subsequent  transfer
agent.

SECTION 11.  NOTICES.  Any  notices,  requests  and demands by the Holder to the
Company  pursuant  to  this  Agreement  to be  effective  shall  be  in  writing
(including by facsimile), and, unless otherwise expressly provided herein, shall
be deemed to have been duly given or made when  delivered by hand,  or three (3)
days after being deposited in the mail,  postage  prepaid,  or, in the case of a
facsimile  notice,  when  received,  or, in the case of delivery by a nationally
recognized overnight courier, when received, addressed to the Company at:

                  Bikini Team International, Inc.
                  19734 Dearborn Street
                  Chatsworth, California 91311
                  Attention: President
                  Tel: (818) 885-0300
                  Fax: (818) 885-5091

Any notices,  requests and demands by the Company to the Holder pursuant to this
Agreement to be effective  shall be in writing  (including by  facsimile),  and,
unless otherwise  expressly  provided herein,  shall be deemed to have been duly
given or made when delivered by hand, or three (3) days after being deposited in
the mail, postage prepaid, or, in the case of a facsimile notice, when received,
or, in the case of delivery by a nationally  recognized overnight courier,  when
received,  addressed  to the Holder at their  addresses  on the  signature  page
hereto.  Each  party  hereto may from time to time  change the  address to which
notices to it are to be  delivered  or mailed  hereunder by notice in writing to
the other party.

SECTION 12.  GOVERNING LAW. This Agreement shall be governed by and construed in
accordance  with the laws of the State of  California,  without giving effect to
principles  of conflict of laws thereof.  The parties  hereto agree to submit to
the  jurisdiction  of the  courts of the State of  California  in any  action or
proceeding  arising  out of or relating  to this  Agreement.  Venue for any such
actions  shall be in the state or  federal  courts of Los  Angeles,  California,
sitting in Santa Monica. In the event of litigation,  the prevailing party shall
be entitled to reasonable attorneys' fees and costs.

SECTION 13. SUPPLEMENTS AND AMENDMENTS. The Company and the Holder may from time
to time  supplement or amend this Agreement in order to cure any ambiguity or to
correct or supplement any provision  contained  herein which may be defective or
inconsistent with any other provision herein, or to make any other provisions in
regard to matters or  questions  arising  hereunder  which the  Company  and the
Holder may deem necessary or desirable and which shall not be inconsistent  with
the provisions of the Warrant and which shall not adversely affect the interests

                                      -8-
<PAGE>

of the Holder.  Any such  supplement  or amendment  shall be  effective  only if
signed by the Company and the Holder.

SECTION 14. SUCCESSORS. All the covenants and provisions of this Agreement by or
for the  benefit  of the  Company  shall  bind and inure to the  benefit  of the
permitted successors and assigns of the parties hereto.

SECTION  15.  BENEFITS OF THIS  AGREEMENT.  Nothing in this  Agreement  shall be
construed  to confer upon any person  other than the Company and the Holder (and
their respective successors and assigns) any legal or equitable right, remedy or
claim  under  this  Agreement  and  this  Agreement  shall  be for the  sole and
exclusive benefit of the Company and the Holder, and their respective  permitted
assignees.

SECTION 16.  CAPTIONS.  The captions of the Sections of this Agreement have been
inserted for convenience only and shall have no substantive effect.

SECTION  17.  COUNTERPARTS.  This  Agreement  may be  executed  in any number of
counterparts  each of which when so executed  shall be deemed to be an original;
but such counterparts together shall constitute but one and the same instrument.

SECTION 18.  LIMITATION OF  LIABILITY.  No provision  hereof,  in the absence of
affirmative  action by any Holder to  purchase  shares of Common  Stock,  and no
enumeration herein of the rights or privileges of any Holder of a Warrant, shall
give rise to any  liability of such Holder for the purchase  price of any Common
Stock or as a shareholder of the Company,  whether such liability is asserted by
the Company or by creditors of the Company.

SECTION 19.  WAIVER AND COURSE OF DEALING.  No course of dealing or any delay or
failure to exercise any right  hereunder on the part of any party  thereto shall
operate as a waiver of such right or otherwise  prejudice the rights,  powers or
remedies of such party.

SECTION  20.  THE  PARTIES  HEREBY  WAIVE  ANY  RIGHT  TO  TRIAL  BY JURY IN ANY
PROCEEDING  ARISING  OUT  OF OR  RELATING  TO  THIS  AGREEMENT  OR  ANY  OF  THE
CONTEMPLATED  TRANSACTIONS,  WHETHER NOW  EXISTING  OR  HEREAFTER  ARISING,  AND
WHETHER SOUNDING IN CONTRACT,  TORT OR OTHERWISE.  THE PARTIES AGREE THAT ANY OF
THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE
KNOWING,  VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO
WAIVE TRIAL BY JURY AND THAT ANY PROCEEDING  WHATSOEVER BETWEEN THEM RELATING TO
THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS SHALL INSTEAD BE TRIED IN
A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.

                                      -9-
<PAGE>

         IN WITNESS  WHEREOF,  the Company has caused this  Agreement to be duly
executed as of the day, month and year first above written.

HOLDER:                                       THE COMPANY:

__________                                    BIKINI TEAM INTERNATIONAL, INC.,
                                               a Utah corporation

By:____________________________               By:____________________________
Name: _________________________               Name: _________________________
Title: ________________________               Title:   ______________________

                                      -10-
<PAGE>

                                     ANNEX B
                                SUBSCRIPTION FORM

[INSERT DATE]

BIKINI TEAM INTERNATIONAL, INC.

Attn:    President

Ladies and Gentlemen:

         [ ] The undersigned  hereby elects to exercise the warrant issued to it
by BIKINI  TEAM  INTERNATIONAL,  INC.  (the  "Company")  pursuant to the Warrant
Agreement,  between the Company and The Morpheus Trust dated 10/1/03,  dated May
__, 2004,  (the  "Warrant  Agreement")  and to purchase  thereunder  ___________
(________)  shares of Common Stock of the Company  (the  "Shares") at a purchase
price of  _______________  Dollars ($_______) per share or an aggregate purchase
price of _______________ Dollars ($_______) (the "Purchase Price").

         [ ] The  undersigned  hereby  elects under the  provision  set forth in
Section  2(f) of the Warrant  Agreement to make a net exercise of the Warrant as
to __________ shares.

         Pursuant  to the terms of the Warrant  Agreement  the  undersigned  has
delivered the aggregate  Purchase Price herewith in full in cash or by certified
check or wire transfer, if applicable.

         The certificate(s) or other instruments for such shares shall be issued
in the name of the undersigned or as otherwise indicated below.

                                            Signature: _______________________
                                            [NAME FOR REGISTRATION]
                                            [MAILING ADDRESS]

                                                     Very truly yours,

                                                     By:  ______________________
                                                     Name:  ____________________
                                                     Title:  ___________________EXHIBIT 10.5

THE SECURITIES  REPRESENTED  HEREBY HAVE NOT BEEN REGISTERED WITH THE SECURITIES
AND EXCHANGE  COMMISSION  UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  OR WITH
THE SECURITIES  COMMISSION OF ANY STATE UNDER ANY APPLICABLE STATE SECURITIES OR
BLUE  SKY  LAWS.  SECURITIES  MAY NOT BE SOLD OR  OTHERWISE  TRANSFERRED  EXCEPT
PURSUANT TO AN EFFECTIVE  REGISTRATION STATEMENT OR IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THOSE SECURITIES LAWS.

Warrant No. __ -                                                     ___  Shares

                          COMMON STOCK PURCHASE WARRANT

                              Void After 5:00 P.M.
                        Pacific Time on February 28, 2009

         THIS CERTIFIES THAT, for value received,  _______ the registered holder
of this Common Stock Purchase Warrant (the "Warrant") or permitted  assigns (the
"Holder"), is entitled to purchase from Bikini Team International,  Inc., a Utah
corporation,  (the  "Company"),  subject to Section 2 of the  Warrant  Agreement
dated as of May 27,  2004,  by and between the Company and  ______(the  "Warrant
Agreement"),  at any time until 5:00 p.m. Pacific Time on February 28, 2009 (the
"Expiration  Date"),  _______shares  of the  Common  Stock of the  Company  (the
"Common Stock") at a price per share of $0.20 per share (the "Purchase  Price").
The number of shares  purchasable upon exercise of this Warrant and the Purchase
Price per share shall be subject to adjustment from time to time as set forth in
the Warrant Agreement.

         This  Warrant  is  issued  under  and in  accordance  with the  Warrant
Agreement  and is subject to the terms and  provisions  contained in the Warrant
Agreement,  all of which are  incorporated  herein by  reference.  A copy of the
Warrant  Agreement  maybe  obtained  for  inspection  by the Holder  hereof upon
written request to the Company.

         This Warrant may be exercised  in whole or in part by  presentation  of
this Warrant with the  Subscription  Form, the form of which is attached hereto,
duly  executed  and  simultaneous  payment of the  Exercise  Price  (subject  to
adjustment) at the principal office of the Company.  Payment of such price shall
be  payable  at the  option  of the  Holder  hereof in cash or by  certified  or
official bank check or wire transfer,  or by tender of securities of the Company
as set forth in the Warrant Agreement.

         This  Warrant  may be  exercised  in  whole or in  part.  Upon  partial
exercise,  a Warrant  for the  unexercised  portion  shall be  delivered  to the
Holder.  No  fractional  shares will be issued upon the exercise of this Warrant
but the Company  shall pay the cash value of any  fraction  upon the exercise of
the Warrant.

<PAGE>

         The Holder  hereof maybe  treated by the Company and all other  persons
dealing with this  Warrant as the  absolute  owner hereof for any purpose and as
the person  entitled  to  exercise  the  rights  represented  hereby,  or to the
transfer  hereof  on the  books  of the  Company.  Any  notice  to the  contrary
notwithstanding,  and until such  transfer on such books,  the Company may treat
the Holder hereof as the owner for all purposes.

         This Warrant does not entitle the Holder hereof to any of the rights as
a  stockholder  of the Company  until such time as this  Warrant is exercised in
accordance with the Warrant Agreement.

                                             BIKINI TEAM INTERNATIONAL, INC.,
                                             a Utah corporation

                                             By:
                                             --------------------------------
                                               Name:
                                               Title:

                                      -2-

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