Document:

IRREVOCABLE
      TRANSFER AGENT INSTRUCTIONS

    

    October
      10, 2006

    

    
      	
              Continental
                Stock Transfer & Trust Company

            
	
              17
                Battery Place - 8th
                Floor

            
	
              New
                York, NY 10004

            

    

    

    Attention: Roger
      Bernhammer

    

    RE: TITAN
      GLOBAL HOLDINGS, INC.

    

    Ladies
      and Gentlemen:

     

    Reference
      is made to that certain Securities Purchase Agreement (the “Securities
      Purchase Agreement”)
      of
      even date herewith by and between Titan Global Holdings, Inc., a Nevada
      corporation (the “Company”),
      and
      the Buyers set forth on Schedule I attached thereto (collectively the
“Buyers”).
      Pursuant to the Securities Purchase Agreement, the Company shall sell to the
      Buyers, an the Buyers shall purchase from the Company, convertible debentures
      (collectively, the “Debentures”)
      in the
      aggregate principal amount of One Million Two Hundred Thousand Dollars
      ($1,200,000), plus accrued interest, which are convertible into shares of the
      Company’s common stock, par value $0.001 per share (the “Common
      Stock”),
      at
      the Buyers discretion. The Company has also issued to the Buyer warrants to
      purchase up to 500,000 shares of Common Stock, at the Buyer’s discretion (the
“Warrant”).
      These
      instructions relate to the following stock or proposed stock issuances or
      transfers:

     

    	1.  	
            3,600,000
              Shares of Common Stock to be issued to the Buyers upon conversion of
              the
              Debentures (“Conversion
              Shares”)
              plus the shares of Common Stock to be issued to the Buyers upon conversion
              of accrued interest and liquidated damages into Common Stock (the
              “Interest
              Shares”).
              

          

     

    	2.  	
            Up
              to 500,000 shares of Common Stock to be issued to the Buyers upon exercise
              of the Warrant (the “Warrant
              Shares”).

          

     

    This
      letter shall serve as our irrevocable authorization and direction to Continental
      Stock Transfer & Trust Company (the “Transfer
      Agent”)
      to do
      the following:

     

    	1.  	
            Conversion
              Shares and Warrant Shares.
              

          

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    	a.  	
            Instructions
              Applicable to Transfer Agent.
              With respect to the Conversion Shares, Warrant Shares and the Interest
              Shares, the Transfer Agent shall issue the Conversion Shares, Warrant
              Shares and the Interest Shares to the Buyers from time to time upon
              delivery to the Transfer Agent of a properly completed and duly executed
              Conversion Notice (the “Conversion
              Notice”)
              in the form attached as Exhibit A to the Debentures, or a properly
              completed and duly executed Exercise Notice (the “Exercise
              Notice”)
              in the form attached as Exhibit A to the Warrant, delivered to the
              Transfer Agent by the Escrow Agent on behalf of the Company. Upon receipt
              of a Conversion Notice or an Exercise Notice, the Transfer Agent shall
              within three (3) Trading Days thereafter (i) issue and surrender to
              a
              common carrier for overnight delivery to the address as specified in
              the
              Conversion Notice or the Exercise Notice, a certificate, registered
              in the
              name of the Buyer or its designees, for the number of shares of Common
              Stock to which the Buyer shall be entitled as set forth in the Conversion
              Notice or Exercise Notice or (ii) provided the Transfer Agent is
              participating in The Depository Trust Company (“DTC”)
              Fast Automated Securities Transfer Program, upon the request of the
              Buyers, credit such aggregate number of shares of Common Stock to which
              the Buyers shall be entitled to the Buyer’s or their designees’ balance
              account with DTC through its Deposit Withdrawal At
              Custodian (“DWAC”)
              system provided the Buyer causes its bank or broker to initiate the
              DWAC
              transaction. For purposes hereof “Trading
              Day”
              shall mean any day on which the Nasdaq Market is open for customary
              trading.

          

     

     

    	b.  	
            The
              Company hereby confirms to the Transfer Agent and the Buyer that
              certificates representing the Conversion Shares and the Warrant Shares
              shall not bear any legend restricting transfer and should not be subject
              to any stop-transfer restrictions and shall otherwise be freely
              transferable on the books and records of the Company; provided
              that
              counsel to the Company delivers (i) the Notice of Effectiveness set
              forth
              in Exhibit
              I
              attached hereto and (ii) an opinion of counsel in the form set forth
              in
              Exhibit
              II
              attached hereto, and that if the Conversion Shares, Warrant Shares
              and the
              Interest Shares are not registered for sale under the Securities Act
              of
              1933, as amended, then the certificates for the Conversion Shares,
              Warrant
              Shares and Interest Shares shall bear the following
              legend:

          

     

     

    “THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
      SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
      SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      OR
      APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM REASONABLY
      ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT
      OR
      APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER
      SAID
      ACT.”

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    	c.  	
            In
              the event that counsel to the Company fails or refuses to render an
              opinion as required to issue the Conversion Shares or the Warrant Shares
              in accordance with the preceding paragraph (either with or without
              restrictive legends, as applicable), then the Company irrevocably and
              expressly authorizes counsel to the Buyer to render such opinion. The
              Transfer Agent shall accept and be entitled to rely on such opinion
              for
              the purposes of issuing the Conversion Shares.

          

     

    	d.  	
            Instructions
              Applicable to Escrow Agent.
              Upon the Escrow Agent’s receipt of a properly completed Conversion Notice
              or Exercise Notice and the Aggregate Exercise Price (as defined in
              the
              Warrant), the Escrow Agent shall, within one (1) Trading Day thereafter,
              send to the Transfer Agent the Conversion Notice or Exercise Notice
              as the
              case may be, which shall constitute an irrevocable instruction to the
              Transfer Agent to process such Conversion Notice or Exercise Notice
              in
              accordance with the terms of these
              instructions.

          

     

    	2.  	
            All
              Shares.

          

     

    	a.  	
            The
              Transfer Agent shall reserve for issuance to the Buyers a minimum of
              3,600,000 Conversion Shares and 500,000 Warrant Shares. All such shares
              shall remain in reserve with the Transfer Agent until the Buyers provides
              the Transfer Agent instructions that the shares or any part of them
              shall
              be taken out of reserve and shall no longer be subject to the terms
              of
              these instructions. 

          

     

    	b.  	
            The
              Company hereby irrevocably appoints the Escrow Agent as a duly authorized
              agent of the Company for the purposes of authorizing the Transfer Agent
              to
              process issuances and transfers specifically contemplated
              herein.

          

     

    	c.  	
            The
              Transfer Agent shall rely exclusively on the Conversion Notice, the
              Escrow
              Notice, or the Exercise Notice and shall have no liability for relying
              on
              such instructions. Any Conversion Notice, Escrow Notice, or Exercise
              Notice delivered hereunder shall constitute an irrevocable instruction
              to
              the Transfer Agent to process such notice or notices in accordance
              with
              the terms thereof. Such notice or notices may be transmitted to the
              Transfer Agent by facsimile or any commercially reasonable
              method.

          

     

    	d.  	
            The
              Company hereby confirms to the Transfer Agent and the Buyers that no
              instructions other than as contemplated herein will be given to Transfer
              Agent by the Company with respect to the matters referenced herein.
              The
              Company hereby authorizes the Transfer Agent, and the Transfer Agent
              shall
              be obligated, to disregard any contrary instructions received by or
              on
              behalf of the Company.

          

     

    Certain
      Notice Regarding the Escrow Agent.
      The
      Company and the Transfer Agent hereby acknowledge that the Escrow Agent is
      general counsel to the Buyers, a partner of the general partner of the Buyers
      and counsel to the Buyers in connection with the transactions contemplated
      and
      referred herein. The Company and the Transfer Agent agree that in the event
      of
      any dispute arising in connection with this Agreement or otherwise in connection
      with any transaction or agreement contemplated and referred herein, the Escrow
      Agent shall be permitted to continue to represent the Buyers and neither the
      Company nor the Transfer Agent will seek to disqualify such
      counsel.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    The
      Company hereby agrees that it shall not replace the Transfer Agent as the
      Company’s transfer agent without the prior written consent of the
      Buyers.

     

    During
      the term of this Agreement, any attempt by Continental Stock to resign as
      transfer agent hereunder upon less than fifteen (15) days written notice to
      the
      Company and the Buyer shall not be effective until the expiration of such
      fifteen (15) day period (the “Notice
      Period”).

     

    The
      Company shall use its best efforts to obtain a suitable replacement transfer
      agent which agent shall have agreed to serve as transfer agent and to be bound
      by the terms and conditions of these Transfer Agent Instructions within the
      Notice Period referenced above. The Company’s obligation to obtain a suitable
      replacement transfer agent shall not affect Continental Stock’s ability to
      resign.

     

    The
      Company hereby confirms that while any portion of the Debenture
      remains unpaid and unconverted the Company shall not, without the prior consent
      of the Buyers, (i) issue any Common Stock or Preferred Stock without
      consideration or for a consideration per share less than closing bid price
      determined immediately prior to its issuance, (ii) issue any Preferred
      Stock, warrant, option, right, contract, call, or other security or instrument
      granting the holder thereof the right to acquire Common Stock without
      consideration or for a consideration per share less than the closing bid price
      of the Common Stock determined immediately prior to its issuance, (iii)
      issue any S-8
      shares of the Company’s Common Stock.

     

     The
      Company and the Transfer Agent hereby acknowledge and confirm that complying
      with the terms of this Agreement does not and shall not prohibit the Transfer
      Agent from satisfying any and all fiduciary responsibilities and duties it
      may
      owe to the Company.

     

    The
      Company acknowledges that the Buyers is relying on the representations and
      covenants made by the Company and the Transfer Agent hereunder and are a
      material inducement to the Buyers purchasing convertible debentures under the
      Securities Purchase Agreement. The Company further acknowledges that without
      such representations and covenants of the Company made hereunder, the Buyers
      would not purchase the Debentures.

     

    The
      Company specifically acknowledges and agrees that in the event of a breach
      or
      threatened breach by a party hereto of any provision hereof, the Buyers will
      be
      irreparably damaged and that damages at law would be an inadequate remedy if
      these Irrevocable Transfer Agent Instructions were not specifically enforced.
      Therefore, in the event of a breach or threatened breach by a party hereto,
      including, without limitation, the attempted termination of the agency
      relationship created by this instrument, the Buyers shall be entitled, in
      addition to all other rights or remedies, to an injunction restraining such
      breach, without being required to show any actual damage or to post any bond
      or
      other security, and/or to a decree for specific performance of the provisions
      of
      these Irrevocable Transfer Agent Instructions.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    These
      instructions shall be governed by and construed in accordance with the laws
      of
      the State of New Jersey, without giving effect to conflicts of laws thereof.
      Each of the parties consents to the jurisdiction of the Superior Courts of
      the
      State of New Jersey sitting in Hudson County, New Jersey and the
      U.S. District Court for the District of New Jersey sitting in Newark, New
      Jersey in connection with any dispute arising under this Debenture and hereby
      waives, to the maximum extent permitted by law, any objection, including any
      objection based on forum non conveniens
      to the
      bringing of any such proceeding in such jurisdictions. 

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties have caused this letter agreement regarding Irrevocable Transfer Agent
      Instructions to be duly executed and delivered as of the date first written
      above.

     

    
      	 	 	 	 	
              COMPANY:

            
	 	 	 	 	 
	 	 	 	 	
              

                TITAN
                  GLOBAL
                  HOLDINGS,
                  INC.

              

            
	 	 	 	 	 
	 	 	 	 By:	
              /s/
                Bryan M. Chance   

            
	 	 	 	 	
              Name: Bryan
                M. Chance

            
	 	 	 	 	
              Title: President
                & CEO

            
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	
              /s/
                David Gonzalez    

            
	 	 	 	 	
              David
                Gonzalez, Esq.

            
	 	 	 	 	 
	 	

              CONTINENTAL
                STOCK
                TRANSFER&
TRUST
                COMPANY

            	 	 	 
	 	 	 	 	 
	By: 	/s/
              Roger Bernhammer  	 	 	 
	Name:	 	 	 	 
	Title:	 	 	 	 

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    SCHEDULE
      I

     

    SCHEDULE
      OF BUYERS 

     

    
      	
              Name

            	 	 	
              Signature

            	 	
              Address/Facsimile
                

              Number
                of Buyers

            
	 	 	 	 	 	 
	 	 	 	 	 	 
	
              Cornell
                Capital Partners, LP

            	 	 By: 	
              Yorkville
                Advisors, LLC

            	 	
              101
                Hudson Street - Suite 3700

            
	 	 	 	
              Its: General
                Partner

            	 	
              Jersey
                City, NJ 07303

            
	 	 	 	 	 	
              Facsimile:
                 (201)
                985-8266

            
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 By:	
                   

            	 	 
	 	 	 	
              Name: Mark
                Angelo

            	 	 
	 	 	 	
              Its: Portfolio
                Manager

            	 	 
	 	 	 	 	 	 

    

    

    
      
         

      

      
        SCHEDULE
          I-1

        
          

        

      

      
         

      

    

     

    EXHIBIT
      I

     

    TO
      IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

     

    FORM
      OF NOTICE OF EFFECTIVENESS

    OF
      REGISTRATION STATEMENT

     

    _________,
      2006

    

    ________

     

    Attention: 

    

    RE: TITAN
      GLOBAL HOLDINGS, INC.

    

    Ladies
      and Gentlemen:

    

    We
      are
      counsel to Titan Global Holdings, Inc., (the “Company”),
      and
      have represented the Company in connection with that certain Securities Purchase
      Agreement, dated as of October __, 2006 (the “Securities
      Purchase Agreement”),
      entered into by and among the Company and the Buyers set forth on Schedule
      I
      attached thereto (collectively the “Buyers”)
      pursuant to which the Company has agreed to sell to the Buyers up to $1,200,000
      of secured convertible debentures, which shall be convertible into shares (the
      “Conversion
      Shares”)
      of the
      Company’s common stock, par value $0.001 per share (the “Common
      Stock”),
      in
      accordance with the terms of the Securities Purchase Agreement. Pursuant to
      the
      Securities Purchase Agreement, the Company also has entered into a Registration
      Rights Agreement, dated as of October ___, 2006, with the Buyers (the
“Investor
      Registration Rights Agreement”)
      pursuant to which the Company agreed, among other things, to register the
      Conversion Shares under the Securities Act of 1933, as amended (the
“1933
      Act”).
      In
      connection with the Company’s obligations under the Securities Purchase
      Agreement and the Registration Rights Agreement, on _______, 2005, the Company
      filed a Registration Statement (File No. ___-_________) (the “Registration
      Statement”)
      with
      the Securities and Exchange Commission (the “SEC”)
      relating to the sale of the Conversion Shares.

     

    In
      connection with the foregoing, we advise the Transfer Agent that a member of
      the
      SEC’s staff has advised us by telephone that the SEC has entered an order
      declaring the Registration Statement effective under the 1933 Act at ____ P.M.
      on __________, 2005 and we have no knowledge, after telephonic inquiry of a
      member of the SEC’s staff, that any stop order suspending its effectiveness has
      been issued or that any proceedings for that purpose are pending before, or
      threatened by, the SEC and the Conversion Shares are available for sale under
      the 1933 Act pursuant to the Registration Statement.

     

    
      
         

      

      
        EXHIBIT
          I-
          1

        
          

        

      

      
         

      

    

     

    The
      Buyers has confirmed it shall comply with all securities laws and regulations
      applicable to it including applicable prospectus delivery requirements upon
      sale
      of the Conversion Shares.

    
      	 	 	 
	 	Very
              truly
              yours,
	 
 	 
 	 
 
	 	By:  	 
	 	
              

            
	 	 

    

    

    
      
         

      

      
        EXHIBIT
          I- 2

        
          

        

      

      
         

      

    

     

    EXHIBIT
      II

     

    TO
      IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

     

    FORM
      OF OPINION

     

    ________________
      2006

    

    VIA
      FACSIMILE AND REGULAR MAIL

    

    ________

    

    Attention: 

    

    RE: TITAN
      GLOBAL HOLDINGS, INC.

    

    Ladies
      and Gentlemen:

     

    We
      have
      acted as special counsel to Titan Global Holdings, Inc. (the “Company”),
      in
      connection with the registration of ___________shares (the “Shares”)
      of its
      common stock with the Securities and Exchange Commission (the “SEC”).
      We
      have
      not acted as your counsel. This opinion is given at the request and with the
      consent of the Company.

     

    In
      rendering this opinion we have relied on the accuracy of the Company’s
      Registration Statement on Form SB-2, as amended (the “Registration
      Statement”),
      filed
      by the Company with the SEC on _________ ___, 2006. The Company filed the
      Registration Statement on behalf of certain selling stockholders (the
“Selling
      Stockholders”).
      This
      opinion relates solely
      to the
      Selling Shareholders listed on Exhibit
      “A”
      hereto
      and number of Shares set forth opposite such Selling Stockholders’ names. The
      SEC declared the Registration Statement effective on __________ ___,
      2006.

     

    We
      understand that the Selling Stockholders acquired the Shares in a private
      offering exempt from registration under the Securities Act of 1933, as amended.
      Information regarding the Shares to be sold by the Selling Shareholders is
      contained under the heading “Selling Stockholders” in the Registration
      Statement, which information is incorporated herein by reference. This opinion
      does not relate to the issuance of the Shares to the Selling Stockholders.
      The
      opinions set forth herein relate solely to the sale or transfer by the Selling
      Stockholders pursuant to the Registration Statement under the Federal laws
      of
      the United States of America. We do not express any opinion concerning any
      law
      of any state or other jurisdiction.

     

    In
      rendering this opinion we have relied upon the accuracy of the foregoing
      statements.

     

    
      
         

      

      
        EXHIBIT
          II

        
          

        

      

      
         

      

    

     

    Based
      on
      the foregoing, it is our opinion that the Shares have been registered with
      the
      Securities and Exchange Commission under the Securities Act of 1933, as amended,
      and that ________ may remove the restrictive legends contained on the Shares.
      This opinion relates solely
      to the
      number of Shares set forth opposite the Selling Stockholders listed on
Exhibit
      “A”
      hereto.

     

     

    This
      opinion is furnished to Transfer Agent specifically in connection with the
      sale
      or transfer of the Shares, and solely for your information and benefit. This
      letter may not be relied upon by Transfer Agent in any other connection, and
      it
      may not be relied upon by any other person or entity for any purpose without
      our
      prior written consent. This opinion may not be assigned, quoted or used without
      our prior written consent. The opinions set forth herein are rendered as of
      the
      date hereof and we will not supplement this opinion with respect to changes
      in
      the law or factual matters subsequent to the date hereof.

    
      	 	 	 
	Very
              truly yours,	 
	 
 	 
 	 
 
	 	  	 
	 	
            
	 	 

    

     

    
      
         

      

      
        EXHIBIT
          II-2

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

     

    (LIST
      OF SELLING STOCKHOLDERS)

    

    
      	
              Name:

            	 	
              No.
                of Shares:

            
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

    

    

    
      
         

      

      
        EXHIBIT
          AEXHIBIT
      10.32

    

    MEMORANDUM
      OF UNDERSTANDING

    

    The
      case
      of Jamestown, LC vs. Reclamation Consulting and Applications, Inc. and Gordon
      W.
      Davies, Defendants, Civil Number 050907049, was settled at the mediation held
      on
      September 22, 2005 with Paul S. Felt as mediator based on the following
      terms.

    

    
      	
              1.

            	
              Defendants
                will pay Plaintiff the following
                amounts;

            

    

    
      	 	
              A.

            	
              $30,000.00
                on March 1, 2006.

            

    

    
      	 	
              B.

            	
              Monthly
                payments of $3,100.00 for 24 months beginning on April 1,
                2006.

            

    

    
      	 	
              C.

            	
              Defendants
                have the option of prepaying the entire settlement balance at any
                time and
                will receive a 20% discount on the total remaining
                balance.

            

    

    
      	 	
              D.

            	
              If
                Defendants default on any payment set forth above, Defendants stipulate
                that Plaintiff may enter judgment against Defendants for the entire
                remaining unpaid balance of the Settlement amount plus
                $40,000.00.

            

    

    
      	 	
              E.

            	
              Gordon
                W. Davies will personally guarantee this settlement
                amount.

            

    

    

    
      	
              2.

            	
              Defendants
                will remove all of their property including but not limited to any
                waste
                materials form the leased premise on or before October 1,
                2005.

            

    

    

    
      	
              3.

            	
              The
                above litigation will remain stayed pending the completion of the
                agreed
                upon payments. If Defendants timely make all payments, Plaintiff
                agrees to
                sign a Settlement and Release, releasing and discharging Defendants
                from
                all claims which were made or which could have been made in the above
                entitled litigation. Upon completion of the agreed upon payments
                Plaintiff
                agrees to cause its attorney to sign a Stipulation and Motion for
                Order of
                Dismissal with Prejudice which will forever end the above entitled
                litigation.

            

    

    

    
      	
              4.

            	
              The
                parties understand and agree that more formal settlement documents
                including the Settlement Agreement and Release will be signed by
                the
                parties with in a reasonable time.

            

    

    

    Dated
      this 22 day of September, 2005.

    

    /s/
      Calvin M. Brubaker, Pres.

    Calvin
      M.
      Brucaker, Authorized Representation of Jamestown, LC

    

    /s/
      Randy B. Birch

    Randy
      B.
      Birch

    Attorney
      for Plaintiff Jamestown, LC

    

    /s/
      Michael Davies

    Michael
      Davies, Authorized Representative of RCAI

     

    /s/
      Gordon W. Davies

    Gordon
      W.
      Davies, Defendant

    

    /s/
      Erik A. Christiansen

    Erik
      A.
      Christiansen

    Attorney
      for Defendants RCAI

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