Document:

Exhibit 10.1

                           2006 WARRANT INCENTIVE PLAN
                                       OF
                        TERRA NOVA FINANCIAL GROUP, INC.

       1.     Purpose. This 2006 Warrant Incentive Plan (the "Plan") of Terra
Nova Financial Group, Inc. (the "Company") is adopted effective May 19, 2006, by
the Board of Directors of the Company. The purposes of the Plan are (a) to
encourage certain employees and directors of the Company, as well as employees
and directors of any current or after-acquired subsidiary corporation, to
acquire a proprietary interest in the Company and thus share in the future
success of the Company's business; and (b) to enable the Company, by offering
comparable incentives, to attract and retain outstanding management personnel
and directors who are in a position to make important and direct contributions
to the success of the Company; and (c) to promote a closer identity of interests
between the Company's employees, directors and consultants and its stockholders.

       2.     Warrants. Warrants granted under this Plan shall be in such other
form or forms as the Committee (as defined below) shall determine, in its sole
discretion, and shall be treated for federal income tax purposes as Nonstatutory
Stock Options ("NSOs").

       3.     Scope and Duration of the Plan. There will be reserved for sale
upon the exercise of Warrants granted under this Plan 35,000,000 shares of the
Company's voting common stock. If a Warrant expires or terminates for any reason
without having been fully exercised, the unpurchased shares will be available
for other Warrants under the Plan. Unless this Plan is terminated earlier
pursuant to Section 16 hereof, it shall terminate five years from its effective
date, and no Warrant shall be granted after that date; provided, however, that
termination of this Plan will have no effect on the Warrants previously granted.

       4.     Administration. The Plan shall be administered by the Board of
Directors of the Company (the "Board"). The Board may delegate administration of
the Plan from time to time to a committee of the Board (the "Committee") that is
composed solely of two or more "Non-Employee Directors", as defined in Rule
16b-3 adopted by the Securities and Exchange Commission (the "Commission"), or a
committee which otherwise satisfies the requirements of Rule 16b-3 if
subsequently amended by the Commission so that Warrants granted pursuant to the
Plan will be exempt from Section 16(b) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"). It is the express intention of the Plan that
the administration shall be performed in such a manner that Warrants granted
under the Plan will be exempt from Section 16(b) pursuant to the provisions of
Rule 16b-3 or any replacement Rule, and the Board is granted the express power
to change the administration of the Plan from time to time in such a manner as
it may deem appropriate to ensure that grants of Warrants under the Plan will be
exempt from Section 16(b) under Rule 16b-3, as subsequently amended, or any
replacement Rule adopted by the Commission. If the Board elects to appoint a
committee of the Board to administer the Plan, rather than the entire Board
administering the Plan, each member of such committee shall be a director of the
Company and all members shall be appointed by the Board. From time to time, the
Board may increase the size of any such committee and appoint additional members
thereof, remove members (with or without cause) and appoint new members in

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substitution thereof; provided, however, that any such addition or substituted
new members of any such committee shall also be directors of the Company. The
Board also may at any time remove all members of any such committee and
thereafter administer the Plan.

       The Board or the Committee has the responsibility to adopt such rules and
regulations as it deems necessary or desirable for the proper administration of
this Plan. Any decision or action taken or to be taken by the Board or the
Committee, arising out of or in connection with the construction,
interpretation, and administration of this Plan shall, to the extent permitted
by law, be within its absolute discretion, but subject to the express provisions
of this Plan. Decisions of the Board or the Committee shall be conclusive and
binding upon all recipients of Warrants and any person claiming under or through
any recipient of a Warrant.

       5.     Eligible Persons. Warrants may be granted to directors and
employees of the Company (each a "Grantee") and current or future subsidiary
corporations who otherwise comply with the requirements of this Plan. The Board
or the Committee has the authority, subject to the terms of this Plan, to
determine which employees and directors to whom Warrants shall be granted, the
number of shares to be covered by each Warrant, the form of payment, the time or
times at which Warrants shall be granted, and the terms and provisions of the
instruments evidencing Warrants. In determining the employees and directors to
whom Warrants shall be granted and the number of shares to be issued on the
exercise of a Warrant, the Board or the Committee shall take into account the
duties of the employees and directors, their present and potential contributions
to the success of the Company and its subsidiary corporations, and such other
factors as the Board or the Committee deems relevant to accomplish the purpose
of this Plan.

       6.     Term of Warrants. Except as otherwise provided in Section 5, the
term of each Warrant shall be determined by the Board or the Committee, but
shall not be for more than five (5) years from the date the Warrant is granted.

       7.     Exercise of Warrants. A Warrant may be exercised on such terms and
conditions as the Board or the Committee shall determine, subject to the
requirements of this Plan. No Warrant shall be issued having an exercise less
than the market value of the Company's common stock on the date of grant as
reported by the principal trading market for such stock.

       8.     Nontransferability of Warrants. During the lifetime of the
Grantee, the Warrant shall be exercised only by the Grantee. A Warrant granted
under this Plan is not transferable by the Grantee by operation of law or
otherwise, except that in the event of death of the Grantee while in the employ,
or while serving as a director or consultant, of the Company or a subsidiary, a
Warrant granted hereunder may be exercised for a period of one year by the duly
appointed personal representative of the Grantee, or by any person or persons
who shall acquire such Warrant directly from the Grantee by bequest or
inheritance.

       9.     Adjustments for Changes in Capitalization. Notwithstanding any
other provision of this Plan, each instrument evidencing a Warrant may contain
such provision as the Board or the Committee determines to be appropriate for
the adjustment of the number and class of shares of common stock covered by the
Warrant, the Warrant price, and the number of shares of common stock as to which

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the Warrant shall be exercisable at any time, in the event of changes in the
outstanding shares of common stock of the Company by reason of stock dividends,
split-ups, recapitalizations, mergers, consolidations, reorganizations, or
liquidations. In the event of any such change in the outstanding shares of
common stock of the Company, the aggregate number of shares available under this
Plan shall be appropriately adjusted.

       10.    Employment Rights. Nothing in this Plan or any instrument
evidencing a Warrant shall confer upon any employee any right to continue in the
employment of the Company or a subsidiary corporation, nor be construed to
interfere in any way with the right otherwise available to the Company or a
subsidiary corporation to terminate the employee's employment at any time for
any reason.

       11.    Amendment/Termination. The Board of Directors may amend or
terminate this Plan from time to time in such respects as it may deem advisable;
provided that any increase in the number of shares subject to the Plan, other
than in connection with an adjustment under Section 9, shall require approval at
a duly held stockholders' meeting of the holders of a majority of the voting
power of the outstanding shares of the Company entitled to vote.

       12.    Rights as a Shareholder. A Grantee shall have no rights as a
stockholder with respect to any shares of common stock covered by a Warrant
until the date of the issuance of a stock certificate to and for such shares. No
adjustment shall be made for dividends (ordinary or extraordinary, whether in
cash, securities, or other property) or distributions or other rights for which
the record date is prior to the date such stock certificate is issued, except as
provided in Section 9 above.

       13.    Investment Purpose. Common stock acquired upon the exercise of a
Warrant granted under this Plan may only be resold in the event such stock is
registered under the Securities Act of 1933, as amended, or if, in the opinion
of responsible counsel for the Company, such stock can be resold without such
registration. Warrants granted hereunder shall not be issued and delivered until
a registration statement covering the shares issuable upon exercise has been
filed and is effective.

       14.    Compliance with Exchange Act. Notwithstanding anything herein to
the contrary, Warrants shall always be granted in such a manner as to conform to
the provisions of Rule 16b-3, as subsequently amended, or any replacement Rule
adopted under the provisions of Section 16 of the Exchange Act as the same now
exists or may, from time to time, be amended, and the Board is granted the
express authority to make any such changes or modifications to the Plan, without
stockholder approval, as it may determine to be necessary to conform to the
provisions of Rule 16b-3, as subsequently amended, or any replacement Rule.

       15.    Indemnification. In addition to such other rights of
indemnification as they may have as Directors, the members of the Board or the
Committee administering this Plan shall be indemnified by the Company against
the reasonable expenses, including attorney fees actually and necessarily
incurred in connection with the defense of any action, suit or proceeding, or in

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connection with any appeal therein, to which they or any of them may be a party
by reason of any action taken or failure to act under or in connection with this
Plan or any Warrant granted hereunder, and against all amounts paid by them in
settlement thereof (provided such settlement is approved by independent legal
counsel selected by the Company), or paid by them in satisfaction of a judgment
in any such action, suit or proceeding, except in relation to matters as to
which it shall be adjudged in such action, suit, or proceeding that such
Director is liable for negligence or misconduct in the performance of his
duties; provided that within sixty (60) days after the institution of any such
action, suit or proceeding, the Director shall, in writing, offer the Company
the opportunity, at its own expense, to defend the same.

                                       4Exhibit 10.2

                          COMMON STOCK PURCHASE WARRANT

              To Purchase ______________ Shares of Common Stock of

                        TERRA NOVA FINANCIAL GROUP, INC.

       THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") certifies that, for
value received, _______________ (the "Holder"), is entitled, upon the terms and
subject to the limitations on exercise and the conditions hereinafter set forth,
at any time on or after the date hereof (the "Initial Exercise Date") and on or
prior to the close of business on the fifth anniversary of the Initial Exercise
Date (the "Termination Date") but not thereafter, to subscribe for and purchase
from Terra Nova Financial Group, Inc., a Texas corporation (the "Company"), up
to ____________shares (the "Warrant Shares") of Common Stock, par value $0.01
per share, of the Company (the "Common Stock"). The purchase price of one share
of Common Stock under this Warrant shall be equal to the Exercise Price, as
defined in Section 1(c).

Section 1.    Exercise.
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              (a)    Exercise of Warrant. Exercise of the purchase rights
       represented by this Warrant may be made, in whole or in part, at any time
       or times on or after the Initial Exercise Date and on or before the
       Termination Date by delivery to the Company of a duly executed facsimile
       copy of the Notice of Exercise Form annexed hereto (or such other office
       or agency of the Company as it may designate by notice in writing to the
       registered Holder at the address of such Holder appearing on the books of
       the Company); provided, however, within 5 Trading Days of the date said
       Notice of Exercise is delivered to the Company, if this Warrant is
       exercised in full, the Holder shall have surrendered this Warrant to the
       Company and the Company shall have received payment of the aggregate
       Exercise Price of the shares thereby purchased by wire transfer or
       cashier's check drawn on a United States bank. Notwithstanding anything
       herein to the contrary, the Holder shall not be required to physically
       surrender this Warrant to the Company until the Holder has purchased all
       of the Warrant Shares available hereunder and the Warrant has been
       exercised in full. Partial exercises of this Warrant resulting in
       purchases of a portion of the total number of Warrant Shares available
       hereunder shall have the effect of lowering the outstanding number of
       Warrant Shares purchasable hereunder in an amount equal to the applicable
       number of Warrant Shares purchased. The Holder and the Company shall
       maintain records showing the number of Warrant Shares purchased and the
       date of such purchases. The Company shall deliver any objection to any
       Notice of Exercise Form within 1 Business Day of receipt of such notice.
       In the event of any dispute or discrepancy, the records of the Holder
       shall be controlling and determinative in the absence of manifest error.
       The Holder and any assignee, by acceptance of this Warrant, acknowledge
       and agree that, by reason of the provisions of this paragraph, following
       the purchase of a portion of the Warrant Shares hereunder, the number of
       Warrant Shares available for purchase hereunder at any given time may be
       less than the amount stated on the face hereof.

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              (b)    Initial Exercise Date and Vesting Schedule. The Warrant
       Shares available hereunder shall vest and be exercisable at the following
       times, provided, however, that no Warrant Shares may be exercised prior
       to the amendment of the Company's Articles of Incorporation to increase
       the Company's authorized capital:

              25% after 12 months;

              an additional 25% after 24 months (for an aggregate of 50%); and

              the remaining 50% after 36 months (for an aggregate of 100%).

              (c)    Exercise Price. The exercise price of the Common Stock
       under this Warrant shall be $_____, subject to adjustment hereunder (the
       "Exercise Price").

              (d)    Cashless Exercise. At any time after one year from the date
       of issuance of this Warrant, the vested portion of this Warrant may be
       exercised at by payment of the Exercise Price in cash or by means of a
       "cashless exercise" in which the Holder shall be entitled to receive a
       certificate for the number of Warrant Shares equal to the quotient
       obtained by dividing [(A-B) (X)] by (A), where:

                     (A)=   the VWAP on the Trading Day immediately preceding
                            the date of such election;

                     (B)=   the Exercise Price of this Warrant, as adjusted; and

                     (X)=   the number of Warrant Shares issuable upon exercise
                            of this Warrant in accordance with the terms of this
                            Warrant by means of a cash exercise rather than a
                            cashless exercise.

       Notwithstanding anything herein to the contrary, on the Termination Date,
this Warrant shall be automatically exercised via cashless exercise pursuant to
this Section 2(d).

              (e)    Mechanics of Exercise.

                     i.     Authorization of Warrant Shares. The Company
                     covenants that all Warrant Shares which may be issued upon
                     the exercise of the purchase rights represented by this
                     Warrant will, upon exercise of the purchase rights
                     represented by this Warrant, be duly authorized, validly
                     issued, fully paid and nonassessable and free from all
                     taxes, liens and charges in respect of the issue thereof
                     (other than taxes in respect of any transfer occurring
                     contemporaneously with such issue).

                     ii.    Delivery of Certificates Upon Exercise. Certificates
                     for shares purchased hereunder shall be transmitted by the
                     transfer agent of the Company to the Holder by physical
                     delivery to the address specified by the Holder in the
                     Notice of Exercise within ten Trading Days from the
                     delivery to the Company of the Notice of Exercise Form,
                     surrender of this Warrant (if required) and payment of the
                     aggregate Exercise Price as set forth above ("Warrant Share
                     Delivery Date"). This Warrant shall be deemed to have been
                     exercised on the date the Exercise Price is received by the

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                     Company. The Warrant Shares shall be deemed to have been
                     issued, and Holder or any other person so designated to be
                     named therein shall be deemed to have become a holder of
                     record of such shares for all purposes, as of the date the
                     Warrant has been exercised by payment to the Company of the
                     Exercise Price and all taxes required to be paid by the
                     Holder, if any, pursuant to Section 1(e)(vi) prior to the
                     issuance of such shares, have been paid.

                     iii.   Delivery of New Warrants Upon Exercise. If this
                     Warrant shall have been exercised in part, the Company
                     shall, at the request of a Holder and upon surrender of
                     this Warrant certificate, at the time of delivery of the
                     certificate or certificates representing Warrant Shares,
                     deliver to Holder a new Warrant evidencing the rights of
                     Holder to purchase the unpurchased Warrant Shares called
                     for by this Warrant, which new Warrant shall in all other
                     respects be identical with this Warrant.

                     iv.    Rescission Rights. If the Company fails to cause its
                     transfer agent to transmit to the Holder a certificate or
                     certificates representing the Warrant Shares pursuant to
                     this Section 1(e)(iv) by the Warrant Share Delivery Date,
                     then the older will have the right to rescind such
                     exercise.

                     v.     No Fractional  Shares or Scrip. No fractional shares
                     or scrip representing fractional shares shall be issued
                     upon the exercise of this Warrant. As to any fraction of a
                     share which Holder would otherwise be entitled to purchase
                     upon such exercise, the Company shall pay a cash adjustment
                     in respect of such final fraction in an amount equal to
                     such fraction multiplied by the Exercise Price.

                     vi.    Charges, Taxes and Expenses. Issuance of
                     certificates for Warrant Shares shall be made without
                     charge to the Holder for any issue or transfer tax or other
                     incidental expense in respect of the issuance of such
                     certificate, all of which taxes and expenses shall be paid
                     by the Company, and such certificates shall be issued in
                     the name of the Holder.

                     vii.   Closing of Books. The Company will not close its
                     stockholder books or records in any manner which prevents
                     the timely exercise of this Warrant, pursuant to the terms
                     hereof.

Section 2.    Certain Adjustments.
----------    -------------------

       (a)    Stock Dividends and Splits. If the Company, at any time while this
Warrant is outstanding: (A) pays 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 (which, for
avoidance of doubt, shall not include any shares of Common Stock issued by the
Company pursuant to this Warrant), (B) subdivides outstanding shares of Common
Stock into a larger number of shares, (C) combines (including by way of reverse
stock split) outstanding shares of Common Stock into a smaller number of shares,
or (D) issues by reclassification of shares of the Common Stock any shares of
capital stock of the Company, then in each case the Exercise Price shall be

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multiplied by a fraction of which the numerator shall be the number of shares of
Common Stock (excluding treasury shares, if any) outstanding immediately before
such event and of which the denominator shall be the number of shares of Common
Stock outstanding immediately after such event and the number of shares issuable
upon exercise of this Warrant shall be proportionately adjusted. Any adjustment
made pursuant to this Section 3(a) 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.

       (b)    Fundamental Transaction. If, at any time while this Warrant is
outstanding, (A) the Company effects any merger or consolidation of the Company
with or into another Person, (B) the Company effects any sale of all or
substantially all of its assets in one or a series of related transactions or
(C) any tender offer or exchange offer (whether by the Company or another
Person) is completed pursuant to which holders of Common Stock are permitted to
tender or exchange their shares for other securities, cash or property, upon the
closing of the Fundamental Transaction the Company and Warrants hereunder shall
become fully vested notwithstanding Section 1(b) hereof.

       (c)    Calculations. All calculations under this Section 2 shall be made
to the nearest cent or the nearest 1/100th of a share, as the case may be. For
purposes of this Section 2, the number of shares of Common Stock deemed to be
issued and outstanding as of a given date shall be the sum of the number of
shares of Common Stock (excluding treasury shares, if any) issued and
outstanding.

       (d)    Notice to Holders.

              i.     Adjustment to Exercise  Price.  Whenever the Exercise Price
              is adjusted pursuant to this Section 2, the Company shall promptly
              mail to each Holder a notice setting forth the Exercise Price
              after such adjustment and setting forth a brief statement of the
              facts requiring such adjustment.

              ii.    Notice to Allow Exercise by Holder. If (A) the Company
              shall declare a dividend (or any other distribution) on the Common
              Stock; (B) the Company shall declare a special nonrecurring cash
              dividend on or a redemption of the Common Stock; (C) the Company
              shall authorize the granting to all holders of the Common Stock
              rights or warrants to subscribe for or purchase any shares of
              capital stock of any class or of any rights; (D) the approval of
              any stockholders of the Company shall be required in connection
              with any reclassification of the Common Stock, any consolidation
              or merger to which the Company is a party, any sale or transfer of
              all or substantially all of the assets of the Company, of any
              compulsory share exchange whereby the Common Stock is converted
              into other securities, cash or property; (E) the Company shall
              authorize the voluntary or involuntary dissolution, liquidation or
              winding up of the affairs of the Company; then, in each case, the
              Company shall cause to be mailed to the Holder at its last address
              as it shall appear upon the Warrant Register of the Company, at
              least 20 calendar days prior to the applicable record or effective

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              date hereinafter specified, a notice stating (x) the date on which
              a record is to be taken for the purpose of such dividend,
              distribution, redemption, rights or warrants, or if a record is
              not to be taken, the date as of which the holders of the Common
              Stock of record to be entitled to such dividend, distributions,
              redemption, rights or warrants are to be determined or (y) the
              date on which such reclassification, consolidation, merger, sale,
              transfer or share exchange is expected to become effective or
              close, and the date as of which it is expected that holders of the
              Common Stock of record shall be entitled to exchange their shares
              of the Common Stock for securities, cash or other property
              deliverable upon such reclassification, consolidation, merger,
              sale, transfer or share exchange; provided that the failure to
              mail such notice or any defect therein or in the mailing thereof
              shall not affect the validity of the corporate action required to
              be specified in such notice. The Holder is entitled to exercise
              this Warrant to the extent it is vested during the 20-day period
              commencing on the date of such notice to the effective date of the
              event triggering such notice.

Section 3.    Transfer of Warrant.
----------    -------------------

       (a)    Transferability. During the lifetime of the Grantee, the Warrant
shall be exercised only by the Grantee. A Warrant granted under this Plan is not
transferable by the Grantee by operation of law or otherwise, except that in the
event of death of the Grantee while in the employ, or while serving as a
director or consultant, of the Company or a subsidiary, a Warrant granted
hereunder may be exercised for a period of one year by the duly appointed
personal representative of the Grantee, or by any person or persons who shall
acquire such Warrant directly from the Grantee by bequest or inheritance.

       (b)    New Warrants. This Warrant may be divided or combined with other
Warrants upon presentation hereof at the aforesaid office of the Company,
together with a written notice specifying the names and denominations in which
new Warrants are to be issued, signed by the Holder or its agent or attorney.
The Company shall thereupon execute and deliver a new Warrant or Warrants in
exchange for the Warrant or Warrants to be divided or combined in accordance
with such notice.

       (c)    Warrant Register. The Company shall register this Warrant, upon
records to be maintained by the Company for that purpose (the "Warrant
Register"), in the name of the record Holder hereof from time to time. The
Company may deem and treat the registered Holder of this Warrant as the absolute
owner hereof for the purpose of any exercise hereof or any distribution to the
Holder, and for all other purposes, absent actual notice to the contrary.

Section 4.    Miscellaneous.
----------    -------------

       (a)    No Rights as Shareholder Until Exercise. This Warrant does not
entitle the Holder to any voting rights or other rights as a shareholder of the
Company prior to the exercise hereof. Upon the surrender of this Warrant and the
payment of the aggregate Exercise Price (or by means of a cashless exercise),

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the Warrant Shares so purchased shall be and be deemed to be issued to such
Holder as the record owner of such shares as of the close of business on the
later of the date of such surrender or payment.

       (b)    Loss, Theft, Destruction or Mutilation of Warrant. The Company
covenants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant or any stock
certificate relating to the Warrant Shares, and in case of loss, theft or
destruction, of indemnity or security reasonably satisfactory to it (which, in
the case of the Warrant, shall not include the posting of any bond), and upon
surrender and cancellation of such Warrant or stock certificate, if mutilated,
the Company will make and deliver a new Warrant or stock certificate of like
tenor and dated as of such cancellation, in lieu of such Warrant or stock
certificate.

       (c)    Saturdays, Sundays, Holidays, etc. If the last or appointed day
for the taking of any action or the expiration of any right required or granted
herein shall be a Saturday, Sunday or a legal holiday, then such action may be
taken or such right may be exercised on the next succeeding day not a Saturday,
Sunday or legal holiday.

       (d)    Authorized Shares.

              Subject to receipt of Shareholder Approval, the Company covenants
       that during the period the Warrant is outstanding, it will reserve from
       its authorized and unissued Common Stock a sufficient number of shares to
       provide for the issuance of the Warrant Shares upon the exercise of any
       purchase rights under this Warrant. The Company further covenants that
       its issuance of this Warrant shall constitute full authority to its
       officers who are charged with the duty of executing stock certificates to
       execute and issue the necessary certificates for the Warrant Shares upon
       the exercise of the purchase rights under this Warrant. The Company will
       take all such reasonable action as may be necessary to assure that such
       Warrant Shares may be issued as provided herein without violation of any
       applicable law or regulation, or of any requirements of the Trading
       Market upon which the Common Stock may be listed.

              Except and to the extent as waived or consented to by the Holder,
       the Company shall not by any action, including, without limitation,
       amending its certificate 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 of this Warrant, but will
       at all times in good faith assist in the carrying out of all such terms
       and in the taking of all such actions as may be necessary or appropriate
       to protect the rights of Holder as set forth in this Warrant against
       impairment. Without limiting the generality of the foregoing, the Company
       will (a) not increase the par value of any Warrant Shares above the
       amount payable therefor upon such exercise immediately prior to such
       increase in par value, (b) take all such action as may be necessary or
       appropriate in order that the Company may validly and legally issue fully
       paid and nonassessable Warrant Shares upon the exercise of this Warrant,
       and (c) use commercially reasonable efforts to obtain all such
       authorizations, exemptions or consents from any public regulatory body
       having jurisdiction thereof as may be necessary to enable the Company to
       perform its obligations under this Warrant.

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              Before taking any action which would result in an adjustment in
       the number of Warrant Shares for which this Warrant is exercisable or in
       the Exercise Price, the Company shall obtain all such authorizations or
       exemptions thereof, or consents thereto, as may be necessary from any
       public regulatory body or bodies having jurisdiction thereof.

              (e)    Jurisdiction. All questions concerning the construction,
       validity, enforcement and interpretation of this Warrant shall be
       determined in accordance with the laws of the State of Texas.

              (f)    Restrictions. The Holder acknowledges that the Warrant
       Shares acquired upon the exercise of this Warrant, if not registered,
       will have restrictions upon resale imposed by state and federal
       securities laws.

              (g)    Nonwaiver and Expenses. No course of dealing or any delay
       or failure to exercise any right hereunder on the part of Holder shall
       operate as a waiver of such right or otherwise prejudice Holder's rights,
       powers or remedies, notwithstanding the fact that all rights hereunder
       terminate on the Termination Date. If the Company willfully and knowingly
       fails to comply with any provision of this Warrant, which results in any
       material damages to the Holder, the Company shall pay to Holder such
       amounts as shall be sufficient to cover any costs and expenses including,
       but not limited to, reasonable attorneys' fees, including those of
       appellate proceedings, incurred by Holder in collecting any amounts due
       pursuant hereto or in otherwise enforcing any of its rights, powers or
       remedies hereunder.

              (h)    Notices. Any notice, request or other document required or
       permitted to be given or delivered to the Holder by the Company shall be
       delivered to the Holder's address on file with the Company.

              (i)    Limitation of Liability. No provision hereof, in the
       absence of any affirmative action by Holder to exercise this Warrant or
       purchase Warrant Shares, and no enumeration herein of the rights or
       privileges of Holder, shall give rise to any liability of Holder for the
       purchase price of any Common Stock or as a stockholder of the Company,
       whether such liability is asserted by the Company or by creditors of the
       Company.

              (j)    Remedies. Holder, in addition to being entitled to exercise
       all rights granted by law, including recovery of damages, will be
       entitled to specific performance of its rights under this Warrant. The
       Company agrees that monetary damages would not be adequate compensation
       for any loss incurred by reason of a breach by it of the provisions of
       this Warrant and hereby agrees to waive the defense in any action for
       specific performance that a remedy at law would be adequate.

              (k)    Successors and Assigns. Subject to applicable securities
       laws and the restrictions upon transfer herein, this Warrant and the
       rights and obligations evidenced hereby shall inure to the benefit of and
       be binding upon the successors of the Company and the successors and
       permitted assigns of Holder. The provisions of this Warrant are intended
       to be for the benefit of all Holders from time to time of this Warrant
       and shall be enforceable by any such Holder or holder of Warrant Shares.

                                       7
<PAGE>

              (l)    Amendment. This Warrant may be modified or amended or the
       provisions hereof waived with the written consent of the Company and the
       Holder.

              (m)    Severability. Wherever possible, each provision of this
       Warrant shall be interpreted in such manner as to be effective and valid
       under applicable law, but if any provision of this Warrant shall be
       prohibited by or invalid under applicable law, such provision shall be
       ineffective to the extent of such prohibition or invalidity, without
       invalidating the remainder of such provisions or the remaining provisions
       of this Warrant.

              (n)    Headings. The headings used in this Warrant are for the
       convenience of reference only and shall not, for any purpose, be deemed a
       part of this Warrant.

                              ********************

                                       8
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
by its officer thereunto duly authorized.

Dated:  __________________, 2006

                                           TERRA NOVA FINANCIAL GROUP, INC.

                                           By:  ________________________________
                                                Name:  M. Patricia Kane
                                                Title:  Chief Financial Officer

                                       9
<PAGE>

                               NOTICE OF EXERCISE

TO:    TERRA NOVA FINANCIAL GROUP, INC.

       (1)    The undersigned hereby elects to purchase ________ Warrant Shares
of the Company pursuant to the terms of the attached Warrant (only if exercised
in full), and tenders herewith payment of the exercise price in full, together
with all applicable transfer taxes, if any.

       (2)    Payment shall take the form of (check applicable box):

              [ ] in lawful money of the United States; or

              [ ] the cancellation of such number of Warrant Shares as is
              necessary, in accordance with the formula set forth in subsection
              2(d), to exercise this Warrant with respect to the maximum number
              of Warrant Shares purchasable pursuant to the cashless exercise
              procedure set forth in subsection 2(c).

       (3)    Please issue a certificate or certificates representing said
Warrant Shares in the name of the undersigned or in such other name as is
specified below:

                        _______________________________

The Warrant Shares shall be delivered to the following:

                        _______________________________

                        _______________________________

[SIGNATURE OF HOLDER]

Name of Employee: __________________________________________________________
Signature of Employee: _____________________________________________________
Date:_______________________________________________________________________

                                       10

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