Document:

State of Delaware                          PAGE 1

                        Office of the Secretary of State
                        --------------------------------

     I,  EDWARD J. FREEL, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY
CERTIFY  THE  ATTACHED  IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF MERGER,
WHICH  MERGES:

     "VSOURCE,  INC.",  A  NEVADA  CORPORATION,

     WITH  AND  INTO  "VSOURCE,  INC."  UNDER  THE  NAME  OF  "VSOURCE, INC.", A
CORPORATION  ORGANIZED  AND EXISTING UNDER THE LAWS OF THE STATE OF DELAWARE, AS
RECEIVED AND FILED IN THIS OFFICE THE EIGHTH DAY OF NOVEMBER, A.D. 2000, AT 9:15
O'CLOCK  A.M.

     A  FILED  COPY  OF  THIS  CERTIFICATE  HAS BEEN FORWARDED TO THE NEW CASTLE
COUNTY  RECORDER  OF  DEEDS.

               [SEAL]
                              /S/  EDWARD  J.  FREEL
                              ----------------------
                              Edward  J.  Freel,  Secretarey  of  State
3313408  8100M                       AUTHENTICATION:  0781052

001559073                                    DATE:  11-08-00

<PAGE>
                              CERTIFICATE OF MERGER

                                       OF

                                 VSOURCE, INC.,
                              a Nevada corporation

                                  WITH AND INTO

                                 VSOURCE, INC.,
                             a Delaware corporation

It  is  hereby  certified  that:

1.   The constituent  business  corporations  participating in the merger herein
     certified are:

     (i)  Vsource,  Inc.,  which is incorporated  under the laws of the State of
          Nevada; and

     (ii) Vsource,  Inc.,  which is incorporated  under the laws of the State of
          Delaware.

2.   An Agreement of Merger has been approved, adopted, certified,  executed and
     acknowledged  by  each  of  the  aforesaid   constituent   corporations  in
     accordance  with the  provisions  of  subsection  (c) of Section 252 of the
     Delaware  General  Corporation  Law,  to wit, by  Vsource,  Inc.,  a Nevada
     corporation,  in  accordance  with the laws of the State of  Nevada  and by
     Vsource, Inc., a Delaware corporation, in the same manner as is provided in
     Section 251 of the Delaware General Corporation Law.

3.   The name of the surviving  corporation  in the merger  herein  certified is
     Vsource, Inc., a Delaware corporation, which will continue its existence as
     said surviving  corporation  under its present name upon the effective date
     of  said  merger  pursuant  to  the  provisions  of  the  Delaware  General
     Corporation Law.

4.   The Certificate of Incorporation of Vsource,  Inc., a Delaware corporation,
     shall  continue to be the  Certificate of  Incorporation  of said surviving
     corporation  until amended and changed in accordance with the provisions of
     the Delaware General Corporation Law.

                                      -1-
<PAGE>
5.   The  executed  Agreement  of  Merger  between  the  aforesaid   constituent
     corporations is on file at the principal place of business of the aforesaid
     surviving corporation, the address of which is as follows:

                         5740 Ralston Street, Suite 110
                         Ventura, California 93003

6.   A copy of the  aforesaid  Agreement  of  Merger  will be  furnished  by the
     aforesaid  surviving  corporation,  on request,  and without  cost,  to any
     stockholder of each of the aforesaid constituents corporations.

7.   The  authorized  capital  stock of  Vsource,  Inc.,  a Nevada  corporation,
     consists of 50,000,000  shares of common stock,  par value $0.01 per share,
     2,900,000 shares of Series 1-A Convertible Preferred Stock, par value $0.01
     per share, and 2,100,000 shares of Series 2-A Convertible  Preferred Stock,
     par $0.01 per share.

                                      -2-
<PAGE>
Executed  on  this  3rd  day  of  November,  2000

                                   VSOURCE,  INC.,
                                   a  Delaware  corporation

                                   /s/  Robert  C.  McShirley
                                   --------------------------
                                   Robert  C.  McShirley,  President

                                   VSOURCE,  INC.,
                                   a  Nevada  corporation

                                   /s/  Robert  C.  McShirley
                                   --------------------------
                                   Robert  C.  McShirley,  President

                                      -3-
<PAGE>This Warrant and the Securities issuable upon exercise hereof have not been
registered  under  the  Securities  Act  of  1933,  as  amended  (the  "Act") or
applicable  state  securities  laws  and  may  not  be  offered  for sale, sold,
transferred or otherwise disposed of in the absence of an effective registration
statement  for  such  Securities  under  the  Act,  or  an  opinion  of counsel,
satisfactory  to  the  Issuer  hereof,  to  the  effect that registration is not
required  under  the  Act.

                               WARRANT TO PURCHASE
                                 COMMON STOCK OF
                 BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.

Date  of  Issuance:  May  __,  2000     Warrant  No.  ______

     This  certifies  that, for value received, Boots & Coots International Well
Control,  Inc.,  a Delaware corporation (the "Company"), grants to _________, or
registered  assigns  (the  "Registered  Holder"), the right to subscribe for and
purchase  from the Company, at the price of $______ per share, as such price may
be  adjusted from time to time (the "Exercise Price"), from and after 9:00 a.m.,
Houston  time,  on  May  ___, 2000 (the "Exercise Commencement Date") and to and
including  5:00  p.m., Houston time on May ______, 2005 (the "Expiration Date"),
_________  shares,  as  such  number of shares may be adjusted from time to time
(the  "Warrant  Shares"),  of the Company's common stock, par value $0.00001 per
share  (the  "Common  Stock"),  subject to the provisions and upon the terms and
conditions  herein  set  forth.  The  Exercise  Price  and the number of Warrant
Shares  purchasable upon exercise of this Warrant are subject to adjustment from
time  to  time  as  provided  in  Section  7  hereof.

     Section 1.     Registration.  The Company shall register this Warrant, upon
records  to  be  maintained  by  the  Company  for  that  purpose  (the "Warrant
Records"),  in the name of the Registered Holder, the Company may deem and treat
the  Registered  Holder as the absolute owner of this Warrant for the purpose of
any  exercise  hereof or any distribution, to the Registered Holder, and for all
other  purposes,  and  the  Company  shall  not be affected by any notice to the
contrary.

     Section  2.     Registration  of  Transfers  and Exchanges.  (a) Subject to
Section  11  hereof, the Company shall register the transfer of this Warrant, in
whole or in part, upon records to be maintained by the Company for that purpose,
upon  surrender  of  this  Warrant,  with the Form of Assignment attached hereto
completed  and  duly  endorsed  by  the Registered Holder, to the Company at the
office  specified in or pursuant to Section 3(b).  Upon any such registration of
transfer,  a  new Warrant, in substantially the form of this Warrant, evidencing
the  Common  Stock  purchase  rights  so  transferred  shall  be  issued  to the
transferee  and  a new Warrant, in similar form, evidencing the remaining Common
Stock  purchase  rights  not  so  transferred,  if  any,  shall be issued to the
Registered  Holder.

<PAGE>
     (b)     This  Warrant  is  exchangeable,  upon  the surrender hereof by the
Registered Holder in the name of the Company specified in or pursuant to Section
3(b)  hereof,  for  new  Warrants,  in  substantially  the  form of this Warrant
evidencing, in the aggregate, the right to purchase the number of Warrant Shares
which may then be purchased hereunder, each of such new Warrants to be dated the
date  of  such  exchange  and  to represent the right to purchase such number of
Warrant  Shares  as  shall be designated by the Registered Holder at the time of
such  surrender.

     Section  3.     Duration  and  Exercise  of this Warrant.  (a) This Warrant
shall be exercisable by the Registered Holder, in whole, or from time to time in
part,  on  any  business  day  before 5:00 p.m., Houston time, during the period
beginning  on  the Exercise Commencement Date and ending on the Expiration Date.
At  5:00  p.m.,  Houston  time,  on  the  Expiration  Date Expiration Date, this
Warrant,  to  the  extent  not previously exercised, shall become void and of no
further  force  or  effect.

     (b)     Subject  to Sections 4 and 11(a) hereof, upon exercise or surrender
of this Warrant, with the Form of Election to Purchase attached hereto completed
and  duly endorsed by the Registered Holder, to the Company at its office at 777
Post  Oak  Blvd.,  Suite  800, Houston, Texas 77056, Attention:  Chief Executive
Officer,  or  at such other address as the Company may specify in writing to the
Registered  Holder,  and  upon payment of the Exercise Price multiplied by up to
the  number  of  Warrant  Shares  then issuable upon exercise of this Warrant in
lawful  money  of the United States of America (except as otherwise provided for
in  Section  3(c) hereof), all as specified by the Registered Holder in the form
of  Election  to  Purchase,  the  Company  shall  promptly issue and cause to be
delivered  to  or  upon  the written order of the Registered Holder, and in such
name  or  names  as  the  Registered Holder may designate, a certificate for the
Warrant  Shares issued upon such exercise.  Any person so designated in the Form
of  Election  to Purchase, duly endorsed by the Registered Holder, as the person
to  be named on the certificates for the Warrant Shares, shall be deemed to have
become  holder of record of such Warrant Shares, evidenced by such certificates,
as  of  the  Date  of  Exercise  (as  hereinafter  defined)  of  such  Warrant.

     (c)     The  Registered  Holder  may  pay  the  applicable  Exercise  Price
pursuant  to Section 3(b), at the option of the Registered Holder, either (i) in
cash or by cashier's or certified bank check payable to the Company in an amount
equal  to  the product of the Exercise Price multiplied by the number of Warrant
Shares being purchased upon such exercise (the "Aggregate Exercise Price"), (ii)
by  wire  transfer  of immediately available funds to the account which shall be
indicated  in  writing  by  the  Company  to  the Registered Holder, or (iii) by
written  notice  to  the  Company  that the Registered Holder is exercising this
Warrant  and  is  authorizing  the Company to withhold from the issuance to such
Registered  Holder  that  number  of Warrant Shares which when multiplied by the
Market  Price  (as  hereinafter  defined)  for the Common Stock for the ten (10)
consecutive  trading days immediately preceding the Date of Exercise is equal to
the  Aggregate  Exercise  Price.  Any  Warrant Shares withheld by the Company in
connection  with  an  exercise  of this Warrant pursuant to clause (iii) of this
Section  3(c)  shall  no  longer be issuable under this Warrant and this Warrant
shall  be  deemed  to  be  automatically amended to reduce the number of Warrant
Shares  issuable  hereunder  by  an  amount equal to the amount of such withheld
Warrant  Shares.

                                      -2-
<PAGE>
     (d)     The  "Date  of Exercise" of any Warrant means the date on which the
Company  shall  have  received  (1)  this  Warrant, with the Form of Election to
Purchase  attached  hereto  appropriately  completed and duly endorsed, and (ii)
payment  in  full  of  the  Aggregate  Exercise  Price  as  provided  herein.

     (e)     This  Warrant  shall  be exercisable either as an entirety or, from
time  to  time, for part only of the number of Warrant Shares which are issuable
hereunder.  If  this Warrant shall have been exercised only in part, the Company
shall, at the time of delivery of the certificates for the Warrant Shares issued
pursuant  to  such  exercise,  deliver  to  the  Registered Holder a new Warrant
evidencing  the  rights  to purchase the remaining Warrant Shares, which Warrant
shall  be  substantially  in  the  form  of  this  Warrant.

     (f)     Definition  of  Market  Price.  As  used  in this Warrant, the term
"Market  Price"  shall mean the average of the daily closing prices per share of
the Common Stock for the ten (10) consecutive trading days immediately preceding
the  day  as  of  which Market Price is being determined.  The closing price for
each  day  shall  be the last reported sale price or, in case no such sale takes
place  on such day, the average of the reported closing bid and asked prices, in
either  case  on  the  American  Stock Exchange, or, if the shares of the Common
Stock  are  not listed or admitted to trading on the American Stock Exchange, on
the  principal  national  securities  exchange on which the shares are listed or
admitted to trading, or, if the shares are not so listed or admitted to trading,
the  average  of  the  highest  reported bid and lowest reported asked prices as
furnished  by  the National Association of Securities Dealers, Inc. (the "NASD")
through  NASDAQ  or  through  a  similar  organization  if  NASDAQ  is no longer
reporting  such information or as reported on the NASD's OTC Electronic Bulletin
Board  ("OTC").  If  shares  of  the  Common Stock are not listed or admitted to
trading  on any exchange or quoted through NASDAQ or any similar organization or
reported  on  OTC,  the Market Price shall be deemed to be the higher of (A) the
book  value  of  a  share  of  the  Common  Stock  as  determined by any firm of
independent public accountants selected by the Board of Directors of the Company
and  reasonably  acceptable  to the Registered Holder, as of the end of the most
recent  fiscal quarter preceding the date as of which the determination is to be
made,  or  (B)  the fair value thereof determined in good faith by the Company's
Board of Directors as expressed by a resolution of such board as of a date which
is  within  fifteen (15) days of the date as of which the determination is to be
made.  The  fees  and  expenses  of  any  accounting  firm  engaged  pursuant to
subclause  (A)  of  this  Section  3(f)  shall  be  paid  by  the  Company.

     Section 4.     Payment of Taxes and Expenses.  (a) The Company will pay all
expenses  and  taxes  (other  than  any  federal  or state income tax or similar
obligations  of  the  Registered  Holder)  and  other  governmental  charges
attributable  to  the  preparation,  execution,  issuance  and  delivery of this
Warrant,  any  new  Warrant  and the Warrant Shares; provided, however, that the
Company  shall not be required to pay any tax in respect of the transfer of this
Warrant  or  the Warrant Shares, or the issuance or delivery of certificates for
Warrant  Shares  upon  the exercise of this Warrant, to a person or entity other
than  a  Registered  Holder  or  an  Affiliate  (as hereinafter defined) of such
Registered  Holder.

                                      -3-
<PAGE>
     (b)     An  "Affiliate"  of  any person or entity means any other person or
entity  directly  or  indirectly  controlling,  controlled by or under direct or
indirect  common  control  with  such  person  or  entity.

     Section  5.     Mutilated  or Missing Warrant Certificate.  If this Warrant
shall  be  mutilated,  lost, stolen or destroyed, upon request by the Registered
Holder,  the  Company  will, issue, in exchange for and upon cancellation of the
mutilated Warrant, or in substitution for the lost, stolen or destroyed Warrant,
a new Warrant, in substantially the form of this Warrant, of like tenor, but, in
the case of loss, theft or destruction, only upon receipt of evidence reasonably
satisfactory  to  the Company of such loss, theft or destruction of this Warrant
and,  if requested by the Company, indemnity also reasonably satisfactory to it.

     Section  6.     Reservation,  Listing  and Issuance of Warrant Shares.  (a)
The  Company  will at all times have authorized, and reserve and keep available,
free  from  preemptive  rights,  for  the  purpose of enabling it to satisfy any
obligation  to  issue Warrant Shares upon the exercise of the rights represented
by  this Warrant, the number of Warrant Shares deliverable upon exercise of this
Warrant.  If  for  any  reason whatsoever, the Company does not at any time have
authorized  and  reserved  a  number  of  shares  necessary to be delivered upon
exercise  of this Warrant, together with the warrant shares and common shares to
be  issued  as  contemplated  by that certain Letter dated April 12, 2000 of the
Company  to  Maroon  Bells  Capital  Partners,  Inc.,  VenBanc, Inc. and Interra
Ventures  (the "April 12, 2000 Letter"), it shall, at its sole cost and expense,
promptly  and  in  any  event  no later than the date of the annual shareholders
meeting  next  following  the  date of this Warrant take all necessary action to
cause  such  shares  to be authorized and reserved, including without limitation
the  causing to occur of a meeting of the shareholders of the Company to consent
to  such  authorization.  The Company will, at its expense, use its best efforts
to  cause  such  shares  to  be included in or listed on (subject to issuance or
notice  of  issuance  of Warrant Shares) all markets or stock exchanges in or on
which  the  Common  Stock is included or listed not later than the date on which
the  Common Stock is first included or listed on any such market or exchange and
will thereafter maintain such inclusion or listing of all shares of Common Stock
from  time  to  time  issuable  upon  exercise  of  this  Warrant.

     (b)     Before  taking  any action which could cause an adjustment pursuant
to  Section  7  hereof  reducing  the  Exercise Price below the par value of the
Warrant  Shares,  the  Company  will  take  any  corporate  action  which may be
necessary  in  order  that  the  Company  may  validly  and legally issue at the
Exercise  Price,  as  so  adjusted,  Warrant  Shares  that  are  fully  paid and
non-assessable.

     (c)     The  Company  covenants that all Warrant Shares will, upon issuance
in accordance with the terms of this Warrant, be (i) duly authorized, fully paid
and  nonassessable,  and  (ii)  free from all taxes with respect to the issuance
thereof  and  from  all  liens,  charges  and  security  interests.

     (d)     Notwithstanding  the  terms  and  provisions  otherwise  herein
contained,  in the event that for any reason whatsoever, at the time of exercise
of  this  Warrant,  the  Company shall not have authorized the number of Warrant
Shares  deliverable  upon such exercise, the Company shall, at its sole cost and
expense,  take  all  such  action as the holder of this Warrant shall require in
order  to  produce  the  economic result (determined in the sole judgment of the
holder  hereof) contemplated by the April 12, 2000 Letter for the benefit of all

                                      -4-
<PAGE>
of  the  beneficiaries thereof, including without limitation the preparation and
delivery  of stock appreciation rights agreements or phantom stock participation
plans  with  the  holder  of  this  Warrant  and  the other beneficiaries of the
agreements contained in the April 12, 2000 Letter, on terms satisfactory to such
holder,  permitting  the  holder of this Warrant and such other beneficiaries to
share  in the appreciation of the value of such Warrant Shares and other warrant
shares  and/or  common  shares,  as  the case may be, as if such shares had been
issued  on  the  date  of  exercise  of  this  Warrant.

     Section  7.     Adjustments of Exercise Price and Number of Warrant Shares.
(a)  The  Exercise Price at which Warrant Shares may be purchased hereunder, and
the  number  of Warrant Shares to be purchased upon exercise hereof, are subject
to  change  or  adjustment from time to time as hereinafter provided.  Upon each
resulting  adjustment  of  such  Exercise  Price,  the  number of Warrant Shares
issuable upon the exercise of this Warrant shall be adjusted to the nearest full
Warrant  Share  by multiplying the Exercise Price in effect immediately prior to
such  adjustment  by the number of Warrant Shares issuable upon exercise of this
Warrant  immediately  prior  to  such  adjustment  and  dividing  the product so
obtained  by  the  adjusted  Exercise  Price.

     (b)     Adjustment  of  Exercise  Price  upon  certain  Issuances of Common
Stock.  If  and  whenever  after  the  date  hereof  (specifically excluding any
warrants  or  options,  or similar Convertible Securities, issued by the Company
prior  to  the  date hereof and excluding any portion of which that has not been
exercised  as  of the date hereof) the Company shall issue or sell any shares of
Common  Stock for a consideration per share less than $_______ (as adjusted from
time  to  time  for  subdivisions  or  combinations  of  the Common Stock), then
forthwith  upon  such  issue  or  sale, the Exercise Price shall be reduced to a
price  (calculated  to the nearest cent) determined as follows:  by dividing (A)
an  amount  equal  to  the  sum  of  (1)  the  number  of shares of Common Stock
outstanding  immediately  prior  to such issuance or sale multiplied by the then
existing  Exercise  Price,  and  (2)  the consideration, if any, received by the
Company  upon such issuance or sale, by (B) the total number of shares of Common
Stock  outstanding  immediately  after  such  issuance  or  sale.

    No  adjustment  of  any  Exercise Price, however, shall be made in an amount
less  than  one  cent per share, but any such lesser adjustment shall be carried
forward and shall be made at the time of, and together with, the next subsequent
adjustment  which  together with any adjustments so carried forward shall amount
to  one  cent  per  share  or  more.

     (c)     For the purposes of subsection (b) of this Section 7, the following
provisions  shall  also  be  applicable:

          (i) Issuance of Rights,  Options or Warrants.  In case at any time the
     Company  shall  grant  (whether  directly or by  assumption  in a merger or
     otherwise)  any rights to subscribe  for or to purchase,  or any options or
     warrants  for the  purchase  of,  Common  Stock or any stock or  securities
     convertible  into or  exchangeable  for Common Stock (such  convertible  or
     exchangeable   stock  or  securities   being  herein  called   "Convertible
     Securities") whether or not such rights or options or warrants or the right
     to convert or exchange  any such  Convertible  Securities  are  immediately
     exercisable,  and the price per share for which  Common  Stock is  issuable
     upon the  exercise of such right or options or warrants or upon  conversion

                                      -5-
<PAGE>
     or exchange of such Convertible  Securities  (determined as provided below)
     shall be less than the Exercise  Price in effect  immediately  prior to the
     time of the granting of such rights or options or warrants,  then the total
     maximum number of shares of Common Stock issuable upon the exercise of such
     rights or options or warrants or upon  conversion  or exchange of the total
     maximum amount of such Convertible Securities issuable upon the exercise of
     such  rights or options or  warrants  shall (as of the date of  granting of
     such rights or options or warrants) be deemed to be outstanding and to have
     been issued for such price per share. Except as provided in clause (iii) of
     this subsection, no further adjustments of any Exercise Price shall be made
     upon  the  actual  issue  of  such  Common  Stock  or of  such  Convertible
     Securities  upon the exercise of such rights or options or warrants or upon
     the actual issue of such Common Stock upon  conversion  or exchange of such
     Convertible Securities.  For the purposes of this clause (i), the price per
     share for which  Common  Stock is  issuable  upon the  exercise of any such
     rights or options or  warrants or upon  conversion  or exchange of any such
     Convertible  Securities  shall be  determined  by  dividing  (A) the  total
     amount,  if any, received or receivable by the Company as consideration for
     the  granting  of such  rights or options  or  warrants,  plus the  minimum
     aggregate  amount of additional  consideration  payable to the Company upon
     the exercise of all such rights or options or warrants,  plus,  in the case
     of  such  rights  or  options  or  warrants  which  relate  to  Convertible
     Securities,  the minimum aggregate amount of additional  consideration,  if
     any, payable upon the issue or sale of such Convertible Securities and upon
     the  conversion or exchange  thereof,  by (B) the total  maximum  number of
     shares of Common Stock issuable upon the exercise of such rights or options
     or warrants  or upon the  conversion  or  exchange of all such  Convertible
     Securities  issuable  upon  the  exercise  of such  rights  or  options  or
     warrants.

          (ii)  Issuance of  Convertible  Securities.  In case the Company shall
     issue (whether  directly or by assumption in a merger or otherwise) or sell
     any  Convertible  Securities,  whether  or not the  rights to  exchange  or
     convert thereunder are immediately exercisable, and the price per share for
     which  Common  Stock  is  issuable  upon  conversion  or  exchange  of such
     Convertible  Securities  (determined as provided  below) shall be less than
     the Exercise Price in effect immediately prior to the time of such issue or
     sale, then the total maximum number of shares of Common Stock issuable upon
     conversion or exchange of all such Convertible  Securities shall (as of the
     date of the issue or sale of such  Convertible  Securities) be deemed to be
     outstanding and to have been issued for such price per share, provided that
     (1)  except as  provided  in clause  (iii) of this  subsection,  no further
     adjustments  of any  Exercise  Price shall be made upon the actual issue of
     Common Stock upon  conversion or exchange of such  Convertible  Securities,
     and (2) if any such issue or sale of such  Convertible  Securities  is made
     upon the  exercise  of any rights to  subscribe  for or to  purchase or any
     option to purchase any such Convertible Securities for which adjustments of
     any Exercise Price have been or are to be made pursuant to other provisions
     of this subsection  (c), no further  adjustment of any Exercise Price shall
     be made by reason of such issue or sale.  For the  purposes  of this clause
     (ii),  the  price  per  share  for  which  Common  Stock is  issuable  upon
     conversion  or exchange of  Convertible  Securities  shall be determined by
     dividing  (A) the total  amount  received or  receivable  by the Company as

                                      -6-
<PAGE>
     consideration  for the issue or sale of such Convertible  Securities,  plus
     the minimum aggregate amount of additional  consideration,  if any, payable
     to the Company upon the  conversion or exchange  thereof,  by (B) the total
     maximum  number of shares of Common Stock  issuable upon the  conversion or
     exchange of all such Convertible Securities.

          (iii) Change in Option Price or Conversion Rate. If the purchase price
     provided for in any rights or options or warrants referred to in clause (i)
     above, or the additional consideration, if any, payable upon the conversion
     or exchange  of  Convertible  Securities  referred to in clause (i) or (ii)
     above,  or the rate at which  any  Convertible  Securities  referred  to in
     clause (i) or (ii) above are convertible  into or  exchangeable  for Common
     Stock,  shall change (other than under or by reason of provisions  designed
     to protect against dilution), then the Exercise Price in effect at the time
     of such change shall  forthwith be readjusted  to the Exercise  Price which
     would  have  been in effect at such  time had such  rights  or  options  or
     warrants or  Convertible  Securities  still  outstanding  provided for such
     changed purchase price, additional consideration or conversion rate, as the
     case may be, at the time  initially  granted,  issued  or sold;  and on the
     expiration of any such right or option or warrant or the termination of any
     such right to convert or exchange such Convertible Securities, the Exercise
     Price  then in  effect  hereunder  shall  forthwith  be  readjusted  to the
     Exercise  Price  which  would  have  been  in  effect  at the  time of such
     expiration or termination  had such right,  option,  warrant or Convertible
     Security,  to the extent outstanding,  immediately prior to such expiration
     or termination, never been issued, and the Common Stock issuable thereunder
     shall no longer be deemed to be outstanding.

          (iv) Stock Dividends.  In case the Company shall declare a dividend or
     make any other  distribution  upon any  security of the Company  payable in
     Common  Stock or  Convertible  Securities,  such  issue of Common  Stock or
     Convertible  Securities,  as the case may be,  shall be deemed to have been
     made without consideration.

          (v)  Consideration  for Stock.  In case any shares of Common  Stock or
     Convertible Securities or any rights or options or warrants to purchase any
     such Common  Stock or  Convertible  Securities  shall be issued or sold for
     cash, the consideration  received therefor shall be deemed to be the amount
     received  by the  Company  therefor,  without  deduction  therefrom  of any
     expenses  incurred or any  underwriting  commissions or concessions paid or
     allowed  by the  Company  in  connection  therewith.  In case any shares of
     Common Stock or Convertible Securities or any rights or options or warrants
     to purchase any such Common Stock or Convertible Securities shall be issued
     or  sold  for  a   consideration   other  than  cash,  the  amount  of  the
     consideration other than cash received by the Company shall be deemed to be
     the fair value of such consideration,  as determined,  in good faith and in
     the exercise of reasonable business judgment,  by the Board of Directors of
     the Company, without deduction of any expenses incurred or any underwriting
     commissions  or  concessions  paid or allowed by the Company in  connection
     therewith.  In case any shares of Common Stock or Convertible Securities or
     any rights or options or warrants to purchase  such shares of Common  Stock
     or Convertible  Securities shall be issued in connection with any merger or
     consolidation in which the Company is the surviving corporation (other than
     any consolidation or merger in which the previously  outstanding  shares of
     Common  Stock of the Company  shall be changed  into or  exchanged  for the
     stock  or  other  securities  of  another   corporation),   the  amount  of
     consideration therefor shall be deemed to be the fair value, as determined,
     in good faith and in the exercise of reasonable  business judgment,  by the
     Board of  Directors  of the  Company,  of such  portion  of the  assets and
     business of the non-surviving corporation as such board may determine to be
     attributable to such shares of Common Stock, Convertible Securities, rights
     or  options  or  warrants,  as  the  case  may  be.  In  the  event  of any
     consolidation  or merger of the  Company,  in which the  Company is not the
     surviving  corporation  or in which the  previously  outstanding  shares of

                                      -7-
<PAGE>
     Common  Stock of the Company  shall be changed  into or  exchanged  for the
     stock or other  securities  of another  corporation  or in the event of any
     sale of all or substantially  all of the assets of the Company for stock or
     other  securities of any  corporation,  the Company shall be deemed to have
     issued a number of shares of its Common  Stock for stock or  securities  or
     other property of the other corporation computed on the basis of the actual
     exchange  ratio  on  which  the   transaction   was  predicted  and  for  a
     consideration  equal  to  the  fair  market  value  on  the  date  of  such
     transaction  of all such stock or securities or other property of the other
     corporation,  and if any such  calculation  results  in  adjustment  of the
     Exercise Price,  the  determination of the number of shares of Common Stock
     issuable  upon exercise of the Warrants  immediately  prior to such merger,
     consolidation  or sale,  for purposes of Section 7(e),  shall be made after
     giving effect to such adjustment of the Exercise Price.

          (vi)  Record  Dates.  In case the  Company  shall take a record of the
     holders of Common Stock for the purpose of entitling  them (i) to receive a
     dividend or other  distribution  payable in Common Stock or in  Convertible
     Securities,   or  (ii)  to  subscribe  for  or  purchase  Common  Stock  or
     Convertible  Securities,  then such  record  date shall be deemed to be the
     date of issue or sale of the  shares  of Common  Stock  deemed to have been
     issued upon the  declaration  of such  dividend or the making of such other
     distribution  or the date of the granting of such right of  subscription or
     purchase, as the case may be.

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

     (d)     Subdivisions  or  Combinations of Stock.  In case the Company shall
at  any  time  subdivide  the  outstanding shares of Common Stock into a greater
number  of  shares,  the  Exercise  Price  in  effect  immediately prior to such
subdivision  shall  be  proportionately  reduced;  and  conversely,  in case the
outstanding  shares  of  Common Stock shall be combined into a smaller number of
shares, the Exercise Price in effect immediately prior to such combination shall
be  proportionately  increased.

     (e)     Adjustments  for  Consolidation,  Merger,  Sale  of  Assets,
Reorganization,  etc.  In case the Company (i) consolidates with or mergers into
any other corporation and is not the continuing or surviving corporation of such
consolidation  of  merger,  or (ii) permits any other corporation to consolidate
with  or  merge  into the Company and the Company is the continuing or surviving
corporation  but,  in  connection  with such consolidation or merger, the Common
Stock  is  changed  into or exchanged for stock or other securities of any other
corporation or cash or any other assets, or (iii) transfers all or substantially
all  of  its  properties  and assets to any other corporation, or (iv) effects a

                                      -8-
<PAGE>
capital  reorganization  or reclassification of the capital stock of the Company
in  such  a way that holders of Common Stock shall be entitled to receive stock,
securities,  cash and/or assets with respect to or in exchange for Common Stock,
then,  and  in  each such case, proper provision shall be made so that, upon the
basis  and upon the terms and in the manner provided in this subsection (e), the
Registered  Holder,  upon  the  exercise  of  this Warrant at any time after the
consummation  of  such  consolidation,  merger,  transfer,  reorganization  or
reclassification,  shall be entitled to receive (at the aggregate Exercise Price
in effect for all shares of Common Stock issuable upon such exercise immediately
prior to such consummation as adjusted to the time of such transaction), in lieu
of  shares  of  Common  Stock  issuable  upon  such  exercise  prior  to  such
consummation,  the  stock and other securities, cash and/or assets to which such
holder  would have been entitled upon such consummation if the Registered Holder
had  so exercised this Warrant immediately prior thereto (subject to adjustments
subsequent  to  such  corporate  action  as nearly equivalent as possible to the
adjustments  provided  for  in  this  Section).

     (f)     Notice  of  Adjustment.  Upon any adjustment of the Exercise Price,
then  and  in  each  case  the  Company  shall  promptly deliver a notice to the
Registered Holder and either (i) a certificate of the chief financial officer of
the  Company or (ii) upon the request of the Registered Holder, the opinion of a
firm  of  independent  certified  public  accountants  (which may be the regular
auditors  of  the Company) of recognized national standing selected by the Board
of  Directors,  which notice or opinion shall state the Exercise Price resulting
from  such  adjustment  and  the  increase or decrease, if any, in the number of
shares  purchasable  at  such  price  upon the exercise of this Warrant, setting
forth  in  reasonable  detail the method of calculation and the facts upon which
such  calculation  is  based.

     (g)     Other  Notices.  In  case  at  any  time:

          (i) the Company shall declare any cash dividend on its Common Stock;

          (ii) the  Company  shall pay any  dividend  payable  in stock upon its
     Common Stock or make any  distribution  (other than regular cash dividends)
     to the holders of its Common Stock;

          (iii) the Company shall offer for subscription pro rata to the holders
     of its Common  Stock any  additional  shares of stock of any class or other
     rights;

          (iv) the Company shall  authorize the  distribution  to all holders of
     its Common  Stock of evidences of its  indebtedness  or assets  (other than
     cash  dividends  or cash  distributions  payable  out of earnings or earned
     surplus or dividends payable in Common Stock);

          (v) there shall be any capital reorganization,  or reclassification of
     the capital stock of the Company, or consolidation or merger of the Company
     with another  corporation  (other than a subsidiary of the Company in which
     the Company is the surviving or continuing corporation and no change occurs
     in the Company's Common Stock),  or sale of all or substantially all of its
     assets to another corporation;

                                      -9-
<PAGE>
          (vi)  there  shall  be  a  voluntary   or   involuntary   dissolution,
     liquidation,  bankruptcy,  assignment  for the  benefit  of  creditors,  or
     winding up of the Company; or

          (vii) the Company proposes to take any other action or an event occurs
     which  would  require an  adjustment  of the  Exercise  Price  pursuant  to
     subsection (h) of this Section 7;

then,  in  any  one or more of said cases the Company shall give written notice,
addressed  to  the Registered Holder at the address of such Registered Holder as
shown  on  the  books  of the Company, of (1) the date on which the books of the
Company  shall  close or a record shall be taken for such dividend, distribution
or  subscription  rights,  or  (2) the date (or, if not then known, a reasonable
approximation  thereof  by  the  Company)  on  which  such  reorganization,
reclassification,  consolidation,  merger,  sale,  dissolution,  liquidation,
bankruptcy, assignment for the benefit of creditors, winding up or other action,
as  the  case  may be, shall take place.  Such notice shall also specify (or, if
not  then  known,  reasonably  approximate)  the date as of which the holders of
Common  Stock  of  record  shall  participate  in such dividend, distribution or
subscription  rights,  or  shall  be entitled to exchange their Common Stock for
securities  or  other  property  deliverable  upon  such  reorganization,
reclassification,  consolidation,  merger,  sale,  dissolution,  liquidation,
bankruptcy,  assignment  for  the  benefit  of  creditors,  winding up, or other
action,  as the case may be.  Such written notice shall be given at least thirty
(30)  days  prior  to  the action in question and not less than thirty (30) days
prior  to  the record date or the date on which the Company's transfer books are
closed  in  respect  thereto.  Such  notice  shall also state that the action in
question  or  the  record date is subject to the effectiveness of a registration
statement  under  the  Act, or to a favorable vote of stockholders, if either is
required.

     (h)     Certain  Events.  If any event occurs as to which in the reasonable
opinion  of  the  Registered Holder, in good faith, the other provisions of this
Section  7  are not strictly applicable but the lack of any adjustment would not
in  the opinion of the Registered Holder fairly protect the Registered Holder in
accordance  with  the  basic  intent  and  principles  of such provisions, or if
strictly  applicable  would  not  fairly  protect  the  purchase  rights  of the
Registered  Holder  in  accordance  with the basic intent and principles of such
provisions,  then the Registered Holder shall give written notice thereof to the
Company.  If  the Company and the Registered Holder cannot agree with respect to
an  adjustment  of  the  Exercise  Price  hereof within fifteen (15) days of the
delivery  of  such  notice  by  the  Registered  Holder to the Company, then the
Company  shall appoint a firm of independent certified public accountants (which
may  be  the  regular  auditors of the Company) of recognized national standing,
which  shall  give  their  opinion  upon  the  adjustment,  if  any,  on a basis
consistent  with  the  basic  intent  and  principles  established  in the other
provisions  of  this  Section  7,  necessary  to preserve, without dilution, the
exercise  rights  of  the  Registered Holder.  Upon receipt of such opinion, the
Company  shall forthwith make the adjustments described herein.  The cost of the
services performed by the firm of independent certified public accountants shall
be  borne by the Company; provided, however, that if in the opinion of such firm
no  adjustment  is  necessary,  then the cost of such firm shall be borne by the
Registered  Holder.

                                      -10-
<PAGE>
     Section  8.     Certain Dividends and Distributions.  In the event that the
Company  shall  at  any  time  prior  to  the exercise of this Warrant declare a
dividend (other than a dividend consisting solely of shares of Common Stock or a
cash  dividend  or  distribution payable out of current or retained earnings) or
otherwise  distribute  to its stockholders any monies, assets, property, rights,
evidences  of  indebtedness,  securities  (other  than  shares of Common Stock),
whether issued by the Company or by another person or entity, or any other thing
of value, the Registered Holder shall thereafter be entitled, in addition to the
shares  of Common Stock receivable upon the exercise of the Warrant, to receive,
upon  he  exercise  of  the  Warrant, the same monies, property, assets, rights,
evidences  of  indebtedness,  securities  or  any  other thing of value that the
Registered  Holder  would  have  been  entitled  to  receive at the time of such
dividend  or  distribution  had the Registered Holder been an owner of record of
the  shares of Common Stock into which the Warrant is then being exercised as of
the record date or other date of determination for such dividend or distribution
and  an  appropriate  provision (which provision may include without limitation,
the  establishment  of  an escrow agreement in favor of the Registered Holder in
which the portion of the dividend or distribution attributable to the Warrant is
held)  shall  be  made  a  part  of  any  such  dividend  or  distribution.
Notwithstanding  any  provision herein to the contrary, no adjustment under this
Section  8  shall  be  made  with  respect  to any cash dividend or distribution
payable  solely  out  of  current  or  retained  earnings  of  the  Company.

     Section  9.     No  Rights or Liabilities as a Stockholder.  The Registered
Holder  shall not be entitled to vote or be deemed the holder of Common Stock or
any  other  securities  of  the Company which may at any time be issuable on the
exercise hereof, nor shall anything contained herein be construed to confer upon
the  holder of this Warrant, as such, the rights of a stockholder of the Company
or  the right to vote for the election of directors or upon any matter submitted
to  stockholders  at  any  meeting  thereof,  or give or withhold consent to any
corporate  action  or  to  receive notice of meetings or other actions affecting
stockholders  (except  as  provided  herein),  or  to  receive  dividends  or
subscription rights or otherwise, until the Date of Exercise shall have occurred
and  then  only  with  respect  to the Warrant Shares purchased pursuant to such
exercise.  No provision of this Warrant, in the absence of affirmative action by
the  Registered  Holder  hereof  to purchase shares of Common Stock, and no mere
enumeration  herein of the rights and privileges of the Registered Holder, shall
give  rise  to  any  liability  of  such  holder  for the Exercise Price or as a
stockholder of the Company, whether such liability is asserted by the Company or
by  creditors  of  the  Company.

     Section  10.     Fractional  Warrant  Shares.  The  Company  shall  not  be
required to issue fractions of Warrant Shares upon exercise of the Warrant or to
distribute  certificates  which  evidence  fractional  Warrant  Shares.  If  any
fraction of a Warrant Share would, except for the provisions of this Section 10,
be  issuable  on the exercise of any Warrant (or specified portion thereof), the
Company shall pay to the Registered Holder an amount in cash equal to the Market
Price  as  of  the  Date  of  Exercise,  multiplied  by  such  fraction.

     Section  11.     Transfer  Restrictions;  Registration  of  the Warrant and
Warrant  Shares.  (a)  Neither  the  Warrant  nor  the  Warrant Shares have been
registered  under  the  Act.  The  Registered  Holder,  by  acceptance  hereof,
represents  that  it  is  acquiring  this Warrant to be issued to it for its own
account and not with a view to the distribution thereof, and agrees not to sell,
transfer,  pledge  or  hypothecate  this  Warrant, any purchase rights evidenced

                                      -11-
<PAGE>
hereby  or  any  Warrant Shares unless a registration statement is effective for
this  Warrant  or  the  Warrant  Shares under the Act or, in the opinion of such
Registered  Holder's  counsel  reasonably satisfactory to the Company, a copy of
which opinion shall be delivered to the Company, such transaction is exempt from
the  registration  requirements  of  the  Act.

     (b)     Subject  to  the  provisions  of  the  following  paragraph of this
Section  11,  each  Certificate for Warrant Shares shall be stamped or otherwise
imprinted  with  a  legend  in  substantially  the  following  form:

      The  shares   represented  by  this  certificate  have  not  been
      registered  under the  Securities  Act of 1933,  as amended  (the
      "Act"),  or  applicable  state  securities  laws  and  may not be
      offered for sale, sold,  transferred or otherwise  disposed of in
      the  absence  of an  effective  registration  statement  for such
      securities under the Act, or an opinion of counsel,  satisfactory
      to the issuer  hereof,  to the effect  that  registration  is not
      required under the Act.

     (c)     The  restrictions  and  requirements  set  forth  in  the foregoing
paragraph  shall  apply  with  respect  to  Warrant Shares unless and until such
Warrant  Shares  are  sold  or  otherwise  transferred  pursuant to an effective
registration  statement  under the Act or are otherwise no longer subject to the
restrictions of the Act, at which time the Company agrees to promptly cause such
restrictive  legends  to be removed and stop transfer restrictions applicable to
such  Warrant  Shares  to  be  rescinded.

     (d)     The  Company will use its best efforts to comply with the reporting
requirements  of Section 13 and 15(d) of the Securities Exchange Act of 1934, as
amended  (the "1934 Act") (whether or not it shall be required to do so pursuant
to  such Sections) and will use its best efforts to comply with all other public
information  reporting  requirements  of  the Securities and Exchange Commission
(including, without limitation, Rule 144 promulgated under the Act) from time to
time in effect and relating to the availability of an exemption from the Act for
sale  of  restricted  securities.  The  Company  also  will  cooperate  with the
Registered  Holder  and with each holder of any Warrant Shares in supplying such
information  as  may  be necessary for any such holders to complete and file any
information  reporting  forms  presently or hereafter required by the Securities
and  Exchange Commission as a condition to the availability of an exemption from
the  Act  for  the  sale  of  restricted  securities.

     (e)     The  Registered  Holder, by acceptance hereof, represents that such
an  "accredited investors" as defined in Regulation D promulgated under the Act,
and  that  the  Registered  Holder  has  been  provided  access  to all material
information  regarding  the  Company  requested  by  such  Registered  Holder.

     Section  12.     Registration  Rights.  The Company covenants and agrees as
follows:

     (a)     Definitions.  For  purposes  of  this  Section  12:

                                      -12-
<PAGE>
          (i) The term "Holder"  means each of the persons who at the time holds
     Registrable Securities or a warrant or warrants (including this Warrant) to
     purchase Registrable Securities.

          (ii) The term "Public  Corporation"  means a  corporation  which has a
     class of equity  securities  registered  pursuant to Section 12 of the 1934
     Act,  or which is  required to file  periodic  reports  pursuant to Section
     15(d) of the 1934 Act.

          (iii) The terms "register," "registered" and "registration" refer to a
     registration  effected by preparing and filing a registration  statement or
     similar  document  in  compliance  with  the  Act,  and  such  registration
     statement or document becoming effective.

          (iv) The term  "Registrable  Securities"  means (i) the Warrant Shares
     issuable upon the exercise of this Warrant and (ii) any Common Stock issued
     as (or issuable upon the  conversion  or exercise of any warrant,  right or
     other  security which is issued as) a dividend or other  distribution  with
     respect  to, or in  exchange  for or in  replacement  of the Warrant or the
     Warrant Shares; provided,  however, that any such securities shall cease to
     be Registrable Securities when (i) one or more registration statements with
     respect to the sale of such  securities  shall have become  effective under
     the Act and all such  securities  shall have been disposed of in accordance
     with the plan of distribution set forth therein; (ii) such securities shall
     have been disposed of in  accordance  with Rule 144  promulgated  under the
     Act, or any successor rule or regulation  thereto, or any statute hereafter
     adopted to replace or to  establish  the  exemption  that is now covered by
     said Rule 144 ("Rule 144");  (iii) such  securities may be sold by a Holder
     in a transaction  pursuant to the provisions of Rule 144 provided that such
     rule shall be at such time  available  for the sale of all such  securities
     which the Holder at such time desires to sell; or (iv) such  securities may
     otherwise be sold to the public in a transaction not requiring registration
     under the Act.

          (v)  The  term   "Registration   Expenses"  means  all   registration,
     qualification and filing fees, printing expenses,  escrow fees and blue sky
     fees,  fees  and  disbursements  of  counsel  for  the  Company  and of the
     Company's independent  certified public accountants,  in each case incident
     to or required by the registration  under this Warrant,  and any other fees
     and expenses of the  registration  under this Warrant which are not Selling
     Expenses.

          (vi) The term "Selling  Expenses"  means all  underwriting  discounts,
     selling  commissions and stock transfer taxes  applicable to the securities
     registered by the Holders and all fees and disbursements of counsel for any
     Holder.

          (vii) All other  capitalized  terms used in this  Section that are not
     defined herein shall have the meaning otherwise given in this Warrant.

     (b)     Demand  Registration  Rights.

                                      -13-
<PAGE>
          (i) At any time after the first anniversary of the Date of Issuance of
     this Warrant,  if the Company receives a written request from the owners of
     a  majority  of shares of the  Common  Stock  issued or  issuable  upon the
     exercise of all warrants to purchase Common Stock issued in connection with
     the delivery of this Warrant,  to file a registration  statement  under the
     Act covering  such Common  Stock,  then the Company  shall,  subject to the
     limitations of this Section 12(b) and Section  12(l),  use its best efforts
     consistent  with the terms  contained  in this  Section  12 to  effect  the
     registration under the Act, as soon as practicable, of the number of shares
     of Common Stock requested to be registered.  The Company also shall use its
     best efforts to facilitate the sale and distribution of all or such portion
     of such Registrable  Securities as are permitted to be registered  pursuant
     to the terms of this Section 12(b). If the Holders intend to distribute the
     Registrable   Securities   covered   by  their   request  by  means  of  an
     underwriting, they will so advise the Company as part of their request made
     pursuant  to  this  Section  12(b),  and  the  managing  or  lead  managing
     underwriter of such offering  shall be an investment  banking firm selected
     by the Company and reasonably acceptable to the Holder or Holders holding a
     majority  of the  Registrable  Securities  requested  to be included in the
     offering.  The  Company  shall,  within  ten (10) days of  receipt  of such
     request, give written notice to all other Holders of Registrable Securities
     of such requested registration.

          (ii) Any Holder of Registrable Securities may, within thirty (30) days
     following  receipt of the notice by the Company  given  pursuant to Section
     12(b)(1)  (the  "Demand  Notice  Period")  and subject to any  underwriting
     referred  to in Section  12(b)(i),  give a written  notice to the  Company,
     specifying the number of Registrable Securities which such Holder wishes to
     include in the proposed registration.  Any Holder of Registrable Securities
     who fails to request  registration  of  Registrable  Securities  within the
     Demand  Notice  Period shall not be  permitted to register any  Registrable
     Securities in the registration.

          (iii) The Company  shall not be obligated to take any action to effect
     any  registration,  qualification  or  compliance  pursuant to this Section
     12(b),  (A) in any  particular  jurisdiction  in which the Company would be
     required  to execute a general  consent to service of process in  effecting
     such registration, unless the Company is already subject to service in such
     jurisdiction  and except as may be required  by the Act, or (B) if,  within
     ten (10) days after  receipt by the Company of a request  for  registration
     pursuant to Section  12(b)(i),  the Company  gives  notice to the Holder or
     Holders so requesting such registration  that it is engaged,  or has a bona
     fide  intention  to  engage,  within  ninety  (90) days of the date of such
     request,  in a firmly  underwritten public offering as to which each Holder
     is entitled to include  Registrable  Securities  pursuant to Section  12(c)
     hereof.  Subject  to the  foregoing  clauses  (A) and  (B)  and to  Section
     12(b)(vii)  hereof,  the  Company  shall  use its  best  efforts  to file a
     registration  statement covering the Registrable Securities so requested to
     be registered as soon as  practicable  after receipt of the requests of the
     Holder or Holders pursuant to this Section 12(b).

          (iv) If the Registrable  Securities will be distributed by means of an
     underwriting,  then all  Holders of  Registrable  Securities  proposing  to
     distribute  their securities  through the registration  shall enter into an
     underwriting  agreement  with the managing or lead managing  underwriter in

                                      -14-
<PAGE>
     the form  customarily used by such underwriter with such changes thereto as
     the parties  thereto shall agree.  If any Holder of Registrable  Securities
     disapproves of the terms of any such underwriting, he may elect to withdraw
     therefrom  by  written  notice  to the  Company  and the  managing  or lead
     managing  underwriter.  Any Registrable Security excluded or withdrawn from
     such underwriting shall be withdrawn from such registration.

          (v)  Whenever  a  registration  is  requested  by a Holder or  Holders
     pursuant  to  Section  12(b)(i),  unless  any  managing  or  lead  managing
     underwriter  objects thereto,  the Company may include in such registration
     securities  for offering by the Company and any other holder of  securities
     who has the right to request  the  Company to  register  securities  of the
     Company  in such  registration,  it  being  understood,  however,  that the
     Company's and such other holder's  right of inclusion in such  registration
     shall be  subordinated  to,  and not pari  passu  with,  the  rights of the
     Holders under this Section 12(b).

          (vi)  Notwithstanding  anything to the contrary  contained herein, the
     Company  need not cause a  registration  statement  filed  pursuant  to the
     provisions of this Section 12(b) to become  effective  under the Securities
     Act on more than one (1) occasion; provided, however, that any registration
     requested by a Holder or Holders pursuant to this Section 12(b) which shall
     not have become  effective  or remained  effective in  accordance  with the
     provisions of Section 12(e) hereof shall not be deemed to be a registration
     for any purpose hereunder.

          (vii)  Notwithstanding the foregoing,  if the Company shall furnish to
     the  Holders a  certificate  signed by the Chief  Executive  Officer of the
     Company  stating that in the good faith  judgment of the Board of Directors
     of the Company,  it would be seriously  detrimental  to the Company and its
     shareholders  for  such  registration  statement  to  be  filed  and  it is
     therefore essential to defer the filing of such registration statement, the
     Company may direct that a  registration  pursuant to this Section  12(b) be
     delayed  for so long as the  basis  for the  Board of  Directors'  judgment
     exists;  provided,  however,  that  (i)  the  Company  may not  delay  such
     registration  for a period of more than  forty-five (45) days from the date
     notice is first  received by the Company from a Holder or Holders  pursuant
     to subsection (i) above,  and (ii) the Company may not defer its obligation
     in this manner more than once.

     (c)     Piggyback  Registration  Rights.

          (i) If, at any time or from time to time, the Company shall  determine
     to register any of its Common Stock,  either for its own account or for the
     account of a security  holder or  holders,  other  than (A)  pursuant  to a
     registration  statement on Form S-4 or S-8, or (B) a registration  governed
     by Section  12(b)  hereof,  the Company will (X) promptly  give the Holders
     written  notice  thereof,  and (Y)  include in such  registration  (and any
     related  qualification  under blue sky or other state securities laws), and
     in any underwriting  involved  therein,  all of the Registrable  Securities
     specified  in a written  request  or  requests  made by a Holder or Holders
     within  twenty  (20) days after  receipt of such  written  notice  from the
     Company.

                                      -15-
<PAGE>
          (ii) If the  registration  of which the Company  gives notice is for a
     registered public offering involving an underwriting,  the Company shall so
     advise the Holder as part of the written  notice given  pursuant to Section
     12(c)(i).  In such event, the right of each Holder to registration pursuant
     to this Section 12(c) shall be conditioned upon such Holder's participation
     in such underwriting and the inclusion of the Registrable  Securities owned
     by such  Holder in the  underwriting  to the  extent  provided  under  this
     Section  12(c).   If  a  Holder  proposes  to  distribute  its  Registrable
     Securities  through such  underwriting  it shall (together with the Company
     and any other  holders of  securities  of the  Company  distributing  their
     securities through such underwriting) enter into an underwriting  agreement
     with the managing or lead managing  underwriter  selected by the Company in
     the form  customarily used by such underwriter with such changes thereto as
     the parties  thereto shall agree.  Notwithstanding  any other  provision of
     this Section 12(c), if the managing or lead managing underwriter determines
     that market factors  require that the number of Registrable  Securities and
     other  securities  requested to be included in the registration be limited,
     the  managing  or lead  managing  underwriter  may  reduce  the  number  of
     Registrable Securities and securities of any other holders of securities to
     be  included  in  the  registration.   If  the  registration   includes  an
     underwritten  primary  registration on behalf of the Company, the reduction
     shall be taken (i) first from and to the extent of the securities requested
     to be  included in the  registration  by the Holders and the holders of any
     other  securities pro rata according to the number of securities  requested
     by the Holders and such  holders to be  included in the  registration,  and
     (ii)  thereafter  from the  securities  to be  registered  on behalf of the
     Company.  If the registration  consists only of any underwritten  secondary
     registration  on  behalf of  holders  of  securities  of the  Company,  the
     reduction shall be taken (i) first from and to the extent of the securities
     requested to be included in the  registration  by the Holders and any other
     holders of securities  included in the registration  other than pursuant to
     demand  registration  right pro rata  according to the number of securities
     requested  by  the  Holders  and  such  other  holders  to be  included  in
     registration and (ii) thereafter from securities,  if any, to be registered
     on behalf of holders of securities included in the registration pursuant to
     demand registration  rights. The Company shall advise any Holders and other
     holders  participating  in such  underwriting as to any such limitation and
     the  number  of  shares  that  may  be  included  in the  registration  and
     underwriting.  If a Holder  disapproves of the terms of such  underwriting,
     such  Holder  may elect to  withdraw  therefrom  by  written  notice to the
     Company and the managing or lead  underwriter.  Any Registrable  Securities
     excluded or withdrawn  from such  underwriting  shall be withdrawn from the
     registration.

          (iii) The Company may withdraw a registration  for which  registration
     rights have been exercised pursuant to this Section 12(c) at any time prior
     to the time it becomes effective.  This paragraph shall not confer upon the
     Company any  withdrawal  rights with  respect to a  registration  for which
     registration rights have been exercised pursuant to Section 12(b) hereof.

     (d)     Expenses  of  Registration.  All  Registration Expenses incurred in
connection  with  a  registration  pursuant to this Section 12 shall be borne by
Company.  All Selling Expenses relating to the Registrable Securities registered
on  behalf  of  a  Holder  shall be borne by such Holder pro rata based upon the

                                      -16-
<PAGE>
total  number  of  securities  included  in the registration or, if such Selling
Expenses  are  specifically allocable to securities held by specific holders, by
such  holders  to  the  extent  related  to  the  sale  of  such  securities.

     (e)     Registration  Procedures.

          (i) In connection  with the  registration  or  Registrable  Securities
     pursuant  to this  Section  12, the Company  shall as  expeditiously  as is
     reasonable:

               (A)  prepare  and  file  with the SEC on any  appropriate  form a
          registration statement with respect to such Registrable Securities and
          use its best  efforts to cause such  registration  statement to become
          effective;

               (B)  prepare  and file  with the SEC such  amendments  (including
          post-effective   amendments)  and  supplements  to  such  registration
          statement and the  prospectus  used in connection  therewith as may be
          necessary to keep such registration  statement effective and to comply
          with the provisions of the Act with respect to the  disposition of all
          Registrable   Securities   and  other   securities   covered  by  such
          registration statement for a period of 180 days or until the Holder or
          Holders have completed the distribution described in such registration
          statement, whichever occurs first;

               (C) furnish to each seller of such  Registrable  Securities  such
          number of conformed copies of such registration  statement and of each
          such  amendment  and  supplement  thereto (at least one of which shall
          include  all  exhibits),  such  number  of  copies  of the  prospectus
          included in such  registration  statement  (including each preliminary
          prospectus  and  any  summary  prospectus),  in  conformity  with  the
          requirements  of the Act, such documents  incorporated by reference in
          such registration  statement or prospectus,  and such other documents,
          as such seller may reasonably  request in order to facilitate the sale
          or disposition or such Registrable Securities;

               (D) use its best  efforts to register or qualify all  Registrable
          Securities and other securities covered by such registration statement
          under such other  securities or "blue sky" laws of such  jurisdictions
          as the underwriter shall reasonably request,  and do any and all other
          acts and  things as may be  reasonably  necessary  to  consummate  the
          disposition  in  such  jurisdictions  of  the  Registrable  Securities
          covered by such registration statement,  except that the Company shall
          not for any such  purpose  be  required  to  qualify  generally  to do
          business as a foreign  corporation in any  jurisdiction  wherein it is
          not so qualified, or to subject itself to taxation in respect of doing
          business in any such jurisdiction, or to consent to general service of
          process in any such jurisdiction.

               (E) immediately notify each seller of Registrable Securities,  at
          any  time  when  a  prospectus  relating  thereto  is  required  to be
          delivered  under the Act, of the happening of any event as a result of
          which the prospectus included in such registration  statement, as then
          in effect, includes an untrue statement of a material fact or omits to
          state any material fact required to be stated  therein or necessary to
          make  the  statements  therein  not  misleading  in the  light  of the
          circumstances  then existing or if it is necessary,  in the opinion of
          counsel to the Company,  to amend or  supplement  such  prospectus  to
          comply with law,  and at the  request of any such  seller  prepare and
          furnish  to any  such  seller  a  reasonable  number  of  copies  of a
          supplement  to or an amendment of such  prospectus as may be necessary
          so that, as thereafter delivered to the purchasers of such Registrable

                                      -17-
<PAGE>
          Securities, such prospectus shall not include an untrue statement of a
          material  fact or omit to state a material  fact required to be stated
          therein or necessary to make the statements  therein not misleading in
          the light of the  circumstances  then  existing  and  shall  otherwise
          comply in all material  respects with law and so that such prospectus,
          as amended or supplemented, will comply with law.

               (F) otherwise use its best efforts to comply with all  applicable
          rules and  regulations  of the SEC, and make available to its security
          holders,  as soon as  reasonably  practicable,  an earnings  statement
          covering the period of at least twelve (12) months, beginning with the
          first month of the first fiscal  quarter after the  effective  date of
          such registration  statement,  which earnings  statement shall satisfy
          the provisions of Section 11(a) of the Act;

               (G)  use  its  best  efforts  to  list  such  securities  on each
          securities  exchange  or  over-the-counter  market on which  shares of
          Common Stock are then listed,  if such  securities  are not already so
          listed and if such listing is then  permitted  under the rules of such
          exchange  and,  if  shares of  Common  Stock are not then  listed on a
          securities  exchange  or  over-the-counter  market,  to use  its  best
          efforts  to cause  such  securities  to be listed  on such  securities
          exchange or  over-the-counter  market as the managing or lead managing
          underwriter shall reasonably request;

               (H)  use its  best  efforts  to  provide  a  transfer  agent  and
          registrar for such Registrable Securities not later than the effective
          date of such registration statement; and

               (I) issue to any  underwriter  to which any holder of Registrable
          Securities may sell such Registrable Securities in connection with any
          such  registration  (and to any direct or indirect  transferee  of any
          such  underwriter)  certificates  evidencing  shares of  Common  Stock
          without restrictive legends.

          (ii) If requested by the managing or lead managing underwriter for any
     underwritten  offering of  Registrable  Securities on behalf of a Holder or
     Holders  of  Registrable  Securities,   the  Company  will  enter  into  an
     underwriting  agreement  with  the  underwriters  of  such  offering,  such
     agreement to contain such representations and warranties by the Company and
     each such Holder and such other terms and  conditions  as are  contained in
     underwriting agreements

                                      -18-
<PAGE>
     customarily  used by such managing or lead managing  underwriter  with such
     changes as the parties thereto shall agree, including,  without limitation,
     provisions relating to indemnification and contribution in lieu thereof.

          (iii) The Holder or Holders of Registrable  Securities included in any
     registration  shall furnish to the Company such information  regarding such
     Holder  or  Holders,  the  Registrable  Securities  held  by  them  and the
     distribution  proposed  by such  Holder or Holders as the  Company may from
     time to time  reasonably  request  and as shall be  reasonably  required in
     connection with any registration,  qualification or compliance  referred to
     in this Agreement.

          (iv) The Holder or Holders of Registrable  Securities  included in any
     registration  shall,  upon  request by the Company and the managing or lead
     managing  underwriter,  execute and deliver custodian agreements and powers
     of attorney in form and substance  reasonably  satisfactory  to the Company
     and  such  Holder  or  Holders  and as  shall be  reasonably  necessary  to
     consummate the offering.

     (f)     Indemnification.  (i)  The  Company will indemnify each Holder with
respect  to  which  a registration has been effected pursuant to this Agreement,
each  of  its  officers and directors, if any, and each underwriter, if any, and
each  person  who controls the Holder or any such underwriter within the meaning
of  Section  15  of  the  Act,  against  any  and  all  losses, claims, damages,
liabilities  or  expenses  (or actions in respect thereof), including any of the
foregoing  incurred  in  settlement  of any litigation, commenced or threatened,
arising out of or based on any untrue statement (or alleged untrue statement) of
a  material  fact  contained in any registration statement or prospectus, or any
amendment  or  supplement  thereto,  incident  to  any  such  registration,
qualification  or  compliance, or based on any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to make
the  statements  therein,  in  the light of the circumstances in which they were
made,  not misleading, or any violation by the Company of the Act or any rule or
regulation  promulgated  under  the  Act applicable to the Company in connection
with  any  such  registration,  and the Company will reimburse each such Holder,
each  such  underwriter  and  each  person  who controls such Holder or any such
underwriter,  for  any  legal  and  other  expenses reasonably incurred, as such
expenses  are incurred, in connection with investigating, preparing or defending
any  such claims, loss, damage, liability or action; provided, however, that the
Company  will  not be liable in any such case to the extent that any such claim,
loss,  damage,  liability  or  expense  arises  out of or is based on any untrue
statement  or omission or alleged untrue statement or omission, made in reliance
upon  and  in conformity with written information furnished to the Company by an
instrument  duly  executed  by  such  Holder  or  underwriter  and  stated to be
specifically  for  use  therein.

     (ii)     Each  Holder  will,  if Registrable Securities held by such Holder
are  included in the securities as to which such registration is being effected,
indemnify  the Company, each of its directors and officers, each underwriter, if
any,  of the Company's securities covered by such a registration statement, each
person  who  controls  the  Company  or  such  underwriter within the meaning of
Section  15  of the Act and each other such holder of securities included in the
registration  against  any  and  all  losses,  claims,  damages, liabilities and
expenses  (or actions in respect thereof), arising out of or based on any untrue
statement (or alleged untrue statement) of a material fact contained in any such

                                      -19-
<PAGE>
registration  statement  or prospectus, or any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to make
the  statement  therein, in the light of the circumstances under which they were
made, not misleading, and will reimburse the Company, such holders, underwriters
or  control  persons for any legal or any other expenses reasonably incurred, as
such  expenses  are  incurred, in connection with investigating or defending any
such  claim,  loss, damage, liability or action, in each case to the extent, but
only  to the extent, that such untrue statement (or alleged untrue statement) or
omission  (or  alleged  omission)  is  made  in  such  registration statement or
prospectus in reliance upon and in conformity with written information furnished
to  the Company by such Holder.  Notwithstanding the foregoing, the liability of
each  Holder under this Section 12(f) shall be limited to an amount equal to the
aggregate  proceeds  received  by  such  Holder  from  the  sale  of Registrable
Securities hereunder, unless such liability arises out of or is based on willful
conduct  by  such  Holder.

     (iii)     Each party entitled to indemnification under this Section 12 (the
"Indemnified  Party")  shall  give  notice  to  the  party  required  to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnify may be sought, and shall
permit  the  Indemnifying  Party to assume the defense of any such claims or any
litigation  resulting  therefrom;  provided,  however,  that  counsel  for  the
Indemnifying  Party,  who shall conduct the defense of such claim or litigation,
shall  be  approved  by  the  Indemnified  Party  (which  approval  shall not be
unreasonably  withheld),  and  the  Indemnified  Party  may  participate in such
defense at such Indemnified Party's expense; provided, however, that the failure
of any Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Agreement unless the failure to
give such notice is materially prejudicial to an Indemnifying Party's ability to
defend such action.  Notwithstanding the foregoing, the Indemnifying Party shall
not  be  entitled to assume the defense for matters as to which there is, in the
opinion of counsel to the Indemnifying Party, a conflict of interest or separate
and different defenses.  No Indemnifying Party, in the defense of any such claim
or litigation, shall, except with the consent of each Indemnified Party, consent
to  entry of any judgment or enter into any settlement which does not include as
an  unconditional  term  thereof the giving by the claimant or plaintiff to such
Indemnified  Party  of  a release from all liability in respect of such claim or
litigation.  Each  Indemnified  Party  shall  furnish such information regarding
itself  or the claim in question as an Indemnifying Party may reasonably request
in writing and as shall be reasonably required in connection with the defense of
such  claim  and  the  litigation  resulting  therefrom.

     (g)     Contribution.  (i)  If  the indemnification provided for in Section
12(f) hereof is unavailable to the Indemnified Parties in respect of any losses,
claims,  damages,  liabilities  or  expenses  (or  actions  in  respect thereof)
referred  to therein, then each Indemnifying Party, in lieu of indemnifying such
Indemnified  Party,  shall  contribute  to  the  amount  paid or payable by such
Indemnified  Party  as  a result of such losses, claims, damages, liabilities or
expenses (or actions in respect thereof) in such proportion as is appropriate to
reflect  the  relative  fault  of the Indemnifying Party on the one hand and the
Indemnified  Party  on  the  other  in connection with the statement or omission
which  resulted  in  such  losses,  claims, damages, liabilities or expenses (or
actions  in  respect  thereof),  as  well  as  any  other  relevant  equitable
considerations.  The  relative  fault shall be determined by reference to, among
other  things,  whether the untrue statement (or alleged untrue statement), of a
material  fact  or  the  omission (or alleged omission) to state a material fact
relates  to  information  supplied  by the Indemnifying Party or the Indemnified
Party  and  the  parties'  relative intent, knowledge, access to information and
opportunity  to  correct or prevent such statement or omission.  The Company and

                                      -20-
<PAGE>
each  Holder  agree  that  it  would  not  be just and equitable if contribution
pursuant  to this Section 12(f) were determined by pro rata allocation or by any
other  method  of  allocation  which  does  not  take  account  of the equitable
considerations  referred to above.  The amount paid or payable by an Indemnified
Party  as  a  result of the losses, claims, damages, liabilities or expenses (or
actions in respect thereof) referred to above in this Section shall be deemed to
include  any  legal  or  other  expenses reasonably incurred by such Indemnified
Party  in  connection  with investigating or defending any such action or claim.

     (ii)     Notwithstanding  anything  to  the  contrary contained herein, the
obligation  of  each  Holder  to  contribute  pursuant  to this Section 12(g) is
several  and not joint and no selling Holder shall be required to contribute any
amount in excess of the amount by which the total price at which the Registrable
Securities  of  such Holder were offered to the public exceeds the amount of any
damages  which  such selling Holder has otherwise been required to pay by reason
of  such  untrue statement (or alleged untrue statement) or omission (or alleged
omission).

     (iii)     No  person  guilty  of  fraudulent  misrepresentation (within the
meaning  of Section 11(f) of the Act) shall be entitled to contribution from any
person  who  was  not  guilty  of  such  fraudulent  misrepresentation.

     (h)     1934 Act Registration.  The Company covenants and agrees that until
such  time  as  there  shall  be  no  Registrable  Securities  outstanding:

          (i) it will,  if required by law,  maintain an effective  registration
     statement  (containing  such  information  and  documents  as the SEC shall
     specify)  with respect to the Common Stock under  Section 12(g) of the 1934
     Act and will  file in a  timely  manner  such  information,  documents  and
     reports as the SEC may require or prescribe for  companies  whose stock has
     been registered pursuant to said Section 12(g);

          (ii) it will, if a  registration  statement with respect to the Common
     Stock under  Section  12(b) or Section  12(g) of the 1934 Act is effective,
     make whatever filings with the SEC or otherwise make generally available to
     the public such  financial  and other  information  as may be  necessary in
     order to enable the Holders to sell shares of Common Stock  pursuant to the
     provisions of Rule 144 promulgated  under the Act, or any successor rule or
     regulation  thereto  or any  statue  hereafter  adopted  to  replace  or to
     establish the exemption that is now covered by said Rule 144 ("Rule 144");

          (iii) it will,  if no longer  required  to file  reports  pursuant  to
     Section 12(g) of the 1934 Act, upon the request of the  Registered  Holder,
     make publicly available the information specified in subparagraph (c)(2) of
     Rule 144,  and will take such further  action as any Holder may  reasonably
     request, all to the extent required from time to time to enable such Holder
     to sell Registrable  Securities  without  registration under the Act within
     the limitation of the  exemptions  provided by Rule 144 or any similar rule
     or regulation hereafter adopted by the SEC; and

          (iv) upon the request of any Holder,  it will deliver to such Holder a
     written  statement as to whether it has complied with the  requirements  of
     this Section 12(h).

     The Company represents and warrants that such registration statement or any
information,  documents  or report filed with the SEC in connection therewith or
any  information  so  made  public  shall  not contain any untrue statement of a
material  fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements contained therein not misleading.  The
Company  agrees to indemnify and hold harmless (or to the extent the same is not
enforceable,  make  contribution  to)  the  Holders,  their  partners,  advisory
committee  members,  officers,  directors and employees acting for any Holder in
connection with any offering or sale by such Holder of Registrable Securities or
any  person, firm, corporation controlling (within the meaning of either Section
15  of  the  Act or Section 20 of the 1934 Act) such Holder from and against any
and  all losses, claims, damages, liabilities or expenses (or actions in respect
thereof)  arising  out  of  or  resulting  from  any  breach  of  the  foregoing
representation  or warranty, all on terms and conditions comparable to those set
forth  in  Section  12(f);  provided,  however,  that the Company shall be given
written  notice  and an opportunity to assume on terms and conditions comparable
to  those  set  forth  in  Section  12(f)  the  defense  thereof.

     (i)      Limitations  on  Registration  Rights.  Notwithstanding the rights
granted  to the Registered Holder pursuant to this Section 12, the Company shall
be not be obligated to file a registration statement pursuant to this Section 12
for  a period of 180 days after the effective date of any registration statement
filed  by  the  Company  in  which  certain  lenders  of the Company-Main Street
Merchant  Partners  II,  L.P.  and General Associates, L.L.C.-included shares of
Common  Stock.

     Section  13.     Notices.  All  notices,  requests,  demands  and  other
communications  relating to this Warrant shall be in writing and shall be deemed
to  have  been  duly  given  if  delivered  personally  or sent by United States
certified  or  registered  first-class  mail,  postage  prepaid,  return receipt
requested,  to  the  parties  hereto at the following addresses or at such other
address as any party hereto shall hereafter specify by notice to the other party
thereto:

          If to the  Registered  Holder  of this  Warrant  or the  holder of the
     Warrant  Shares,  addressed  to the  address of such  Registered  Holder or
     holder as set forth on books of the Company or  otherwise  furnished by the
     Registered Holder or holder to the Company.

          If to  the  Company,  addressed  to:

          Boots  &  Coots  International  Well  Control,  Inc.
          777  Post  Oak  Blvd.,  Suite  800
          Houston,  Texas  77056

          with  a  copy  to:

          Dallas  Parker,  Esq.
          Thomas  Knight  Brown  Parker  &  Leahy  LLP
          1200  Smith  Street,  Suite  3600
          Houston,  TX  77002-4595

                                      -21-
<PAGE>
     Section  14.     Binding  Effect.  This  Warrant  shall be binding upon and
inure  to  the  sole  and  exclusive  benefit of the Company, its successors and
assigns,  and  the  holder  or holders from time to time of this Warrant and the
Warrant  Shares.

     Section  15.     Survival  of  Rights  and  Duties.  This  Warrant  shall
terminate and be of no further force and effect on the earlier of (i) 5:00 p.m.,
Houston time, on the Expiration Date and (ii) the date on which this Warrant and
all  purchase  rights  evidenced  hereby  have  been  exercised, except that the
provisions  of  Sections  4, 6(c), 11 and 12 hereof shall continue in full force
and  effect  after  such  termination  date.

     Section  16.     Governing  Law.  This  Warrant  shall  be  construed  in
accordance  with  and  governed  by  the  laws  of  the  State  of  Texas.

     Section  17.     Section Headings. The Section headings in this Warrant are
for  purposes  of  convenience  only  and  shall  not  constitute a part hereof.

     Section  18.     Amendment or Waiver.  This Warrant and any term hereof may
be  amended,  waived,  discharged  or  terminated  only  by and with the written
consent  of  the  Company  and  the  holder  of  this  Warranty.

                                      -22-
<PAGE>
In Witness Whereof, the Company has caused this Warrant to be executed under its
corporate  seal by its officers thereunto duly authorized as of the date hereof.

                                 Boots & Coots International Well Control, Inc.

                                 By: _____________________________________
                                 Name: ___________________________________
                                 Title: __________________________________

                                 Attest:

                                 By: _____________________________________
                                 Name: ___________________________________
                                 Title: __________________________________

                                      -23-
<PAGE>
                          FORM OF ELECTION TO PURCHASE

                 (To Be Executed Upon Exercise of this Warrant)

To  Boots  &  Coots  International  Well  Control,  Inc.:

     The  undersigned,  the  record  holder of the attached Warrant (Warrant No.
___),  hereby  Irrevocably  elects  to  exercise  the  right, represented by the
attached  Warrant,  to  purchase  ___________ of the Warrant Shares and herewith
tenders  payment  for  such  Warrant  Shares  to  the  order  of  Boots  & Coots
International  Well  Control,  Inc.  of  $_____________  representing  the  full
purchase  price  for  such  shares  at  the  price per share provided for in the
attached  Warrant  and  the  delivery  of  any  applicable  taxes payable by the
undersigned  pursuant  to  such  Warrant.

In lieu of paying the purchase price as provided in the preceding paragraph, the
undersigned  will/will not (circle appropriate word(s)) make a cashless exercise
pursuant  to  Section  3(c)  of  the  attached  Warrant.

The undersigned requests that certificates for such shares be issued in the name
of:

___________________________________       Please insert social security or tax
                                          identification  number
___________________________________

___________________________________

___________________________________

___________________________________

___________________________________

(Please  print  name  and  address)

     In  the  event  that  not  all  of  the  purchase rights represented by the
attached  Warrant  are  exercised, a new Warrant, substantially identical to the
attached  Warrant,  representing the rights formerly represented by the attached
Warrant  which  have  not  been  exercised,  shall  be issued in the name of and
delivered  to:

  ___________________________________
          (Please  print  name)

  ___________________________________

  ___________________________________
          (Please  print  address)

                                      -24-
<PAGE>
Dated:  ______________  Name  of  Holder

(Print):________________________________

     By:________________________________

     Name:______________________________

     Title:_____________________________

                                      -25-
<PAGE>

                               FORM OF ASSIGNMENT

Form  Value  Received, _____________ hereby sells, assigns and transfers to each
assignee set forth below all of the rights of the undersigned under the attached
Warrant (Warrant No. _____) with respect to the number of shares of Common Stock
covered  thereby  set  forth  opposite  the  name  of  such  assignee  unto:

     Name of Assignee            Address           Number of Shares of
                                                       Common Stock

     If  the  total  of said purchase rights represented by the attached Warrant
shall  not  be  assigned, the undersigned requests that a new Warrant evidencing
the  purchase  rights  not so assigned be issued in the name of and delivered to
the  undersigned.

Dated: ________________          Name of Holder (Print):________________________

                                 By:____________________________________________

                                 Name:__________________________________________

                                 Title:_________________________________________

                                      -26-
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}]]