Document:

Exhibit 4.3                                                            EXHIBIT B

                          REGISTRATION RIGHTS AGREEMENT

     This Registration Rights Agreement (this "Agreement") is made and entered
into as of January _____, 2006, among Navstar Media Holdings, Inc., a Nevada
corporation (the "Company"), and the purchasers signatory hereto (each such
purchaser is a "Purchaser" and collectively, the "Purchasers").

     This Agreement is made pursuant to the Securities Purchase Agreement, dated
as of the date hereof among the Company and the Purchasers (the "Purchase
Agreement").

     The Company and the Purchasers hereby agree as follows:

     1. Definitions

     Capitalized terms used and not otherwise defined herein that are defined in
the Purchase Agreement shall have the meanings given such terms in the Purchase
Agreement. As used in this Agreement, the following terms shall have the
following meanings:

          "Advice" shall have the meaning set forth in Section 6(d).

          "Effectiveness Date" means, with respect to the initial Registration
     Statement required to be filed hereunder, the 180th calendar day following
     the date hereof and, with respect to any additional Registration Statements
     which may be required pursuant to Section 3(c), the 60th calendar day
     following the date on which the Company first knows, or reasonably should
     have known, that such additional Registration Statement is required
     hereunder; provided, however, in the event the Company is notified by the
     Commission that one of the above Registration Statements will not be
     reviewed or is no longer subject to further review and comments, the
     Effectiveness Date as to such Registration Statement shall be the fifth
     Trading Day following the date on which the Company is so notified if such
     date precedes the dates required above.

          "Effectiveness Period" shall have the meaning set forth in Section
     2(a).

          "Event" shall have the meaning set forth in Section 2(b).

          "Event Date" shall have the meaning set forth in Section 2(b).

          "Filing Date" means, with respect to the initial Registration
     Statement required hereunder, the 60th calendar day following the date
     hereof and, with respect to any additional Registration Statements which
     may be required pursuant to Section 3(c), the 30th day following the date
     on which the Company first knows, or reasonably should have known that such
     additional Registration Statement is required hereunder.

                                       1
<PAGE>
          "Holder" or "Holders" means the holder or holders, as the case may be,
     from time to time of Registrable Securities.

          "Indemnified Party" shall have the meaning set forth in Section 5(c).

          "Indemnifying Party" shall have the meaning set forth in Section 5(c).

          "Losses" shall have the meaning set forth in Section 5(a).

          "Plan of Distribution" shall have the meaning set forth in Section
     2(a).

          "Proceeding" means an action, claim, suit, investigation or proceeding
     (including, without limitation, an investigation or partial proceeding,
     such as a deposition), whether commenced or threatened.

          "Prospectus" means the prospectus included in a Registration Statement
     (including, without limitation, a prospectus that includes any information
     previously omitted from a prospectus filed as part of an effective
     registration statement in reliance upon Rule 430A promulgated under the
     Securities Act), as amended or supplemented by any prospectus supplement,
     with respect to the terms of the offering of any portion of the Registrable
     Securities covered by a Registration Statement, and all other amendments
     and supplements to the Prospectus, including post-effective amendments, and
     all material incorporated by reference or deemed to be incorporated by
     reference in such Prospectus.

          "Registrable Securities" means (i) all of the shares of Common Stock
     issuable upon conversion in full of the Debentures, (ii) all Shares and
     Warrant Shares, (iii) any additional shares issuable in connection with any
     anti-dilution provisions in the Debentures or the Warrants (in each case,
     without giving effect to any limitations on conversion set forth in the
     Debenture or limitations on exercise set forth in the Warrant), (iv) shares
     of Common Stock issued to the placement agent (or its designees) and (v)
     any securities issued or issuable upon any stock split, dividend or other
     distribution, recapitalization or similar event with respect to the
     foregoing.

          "Registration Statement" means the registration statements required to
     be filed hereunder and any additional registration statements contemplated
     by Section 3(c), including (in each case) the Prospectus, amendments and
     supplements to such registration statement or Prospectus, including pre-
     and post-effective amendments, all exhibits thereto, and all material
     incorporated by reference or deemed to be incorporated by reference in such
     registration statement.

          "Rule 415" means Rule 415 promulgated by the Commission pursuant to
     the Securities Act, as such Rule may be amended from time to time, or any
     similar rule or regulation hereafter adopted by the Commission having
     substantially the same purpose and effect as such Rule.

                                       2
<PAGE>
          "Rule 424" means Rule 424 promulgated by the Commission pursuant to
     the Securities Act, as such Rule may be amended from time to time, or any
     similar rule or regulation hereafter adopted by the Commission having
     substantially the same purpose and effect as such Rule.

          "Selling Shareholder Questionnaire" shall have the meaning set forth
     in Section 3(a).

2.   Shelf Registration

          (a) On or prior to each Filing Date, the Company shall prepare and
     file with the Commission a "Shelf" Registration Statement covering the
     resale of 200% of the Registrable Securities on such Filing Date for an
     offering to be made on a continuous basis pursuant to Rule 415. The
     Registration Statement shall be on Form S-3 (except if the Company is not
     then eligible to register for resale the Registrable Securities on Form
     S-3, in which case such registration shall be on another appropriate form
     in accordance herewith) and shall contain (unless otherwise directed by the
     Holders) substantially the "Plan of Distribution" attached hereto as Annex
     A. Subject to the terms of this Agreement, the Company shall use its best
     efforts to cause a Registration Statement to be declared effective under
     the Securities Act as promptly as possible after the filing thereof, but in
     any event prior to the applicable Effectiveness Date, and shall use its
     best efforts to keep such Registration Statement continuously effective
     under the Securities Act until all Registrable Securities covered by such
     Registration Statement have been sold or may be sold without volume
     restrictions pursuant to Rule 144(k) as determined by the counsel to the
     Company pursuant to a written opinion letter to such effect, addressed and
     acceptable to the Company's transfer agent and the affected Holders (the
     "Effectiveness Period"). The Company shall telephonically request
     effectiveness of a Registration Statement as of 5:00 pm Eastern Time on a
     Trading Day. The Company shall immediately notify the Holders via facsimile
     of the effectiveness of a Registration Statement on the same Trading Day
     that the Company telephonically confirms effectiveness with the Commission,
     which shall be the date requested for effectiveness of a Registration
     Statement. The Company shall, by 9:30 am Eastern Time on the Trading Day
     after the Effective Date (as defined in the Purchase Agreement), file a
     Form 424(b)(5) with the Commission. Failure to so notify the Holder within
     1 Trading Day of such notification shall be deemed an Event under Section
     2(b).

          (b) If: (i) a Registration Statement is not filed on or prior to its
     Filing Date (if the Company files a Registration Statement without
     affording the Holders the opportunity to review and comment on the same as
     required by Section 3(a), the Company shall not be deemed to have satisfied
     this clause (i)), or (ii) the Company fails to file with the Commission a
     request for acceleration in accordance with Rule 461 promulgated under the
     Securities Act, within five Trading Days of the date that the Company is
     notified (orally or in writing, whichever is earlier) by the Commission
     that a Registration Statement will not be "reviewed," or not subject to
     further review, or (iii) prior to its Effectiveness Date, the Company fails
     to file a pre-effective amendment and otherwise respond in writing to
     comments made by the Commission in respect of such Registration Statement
     within 10 calendar days after the receipt of comments by or notice from the

                                       3
<PAGE>
     Commission that such amendment is required in order for a Registration
     Statement to be declared effective, or (iv) a Registration Statement filed
     or required to be filed hereunder is not declared effective by the
     Commission by its Effectiveness Date, or (v) after the Effectiveness Date,
     a Registration Statement ceases for any reason to remain continuously
     effective as to all Registrable Securities for which it is required to be
     effective, or the Holders are not permitted to utilize the Prospectus
     therein to resell such Registrable Securities for 10 consecutive calendar
     days but no more than an aggregate of 15 calendar days during any 12-month
     period (which need not be consecutive Trading Days) (any such failure or
     breach being referred to as an "Event", and for purposes of clause (i) or
     (iv) the date on which such Event occurs, or for purposes of clause (ii)
     the date on which such five Trading Day period is exceeded, or for purposes
     of clause (iii) the date which such 10 calendar day period is exceeded, or
     for purposes of clause (v) the date on which such 10 or 15 calendar day
     period, as applicable, is exceeded being referred to as "Event Date"), then
     in addition to any other rights the Holders may have hereunder or under
     applicable law, on each such Event Date and on each monthly anniversary of
     each such Event Date (if the applicable Event shall not have been cured by
     such date) until the applicable Event is cured, (i) the Conversion Price
     will be reduced by $0.05 (subject to adjustment for forward and reverse
     stock splits, stock dividends, recapitalizations and the like) and (ii)
     each Holder will be issued additional warrants, in the form of the
     Warrants, to purchase a number of shares of Common Stock equal to 5% of the
     original Warrants issued to the Holder on the Closing Date.

3.   Registration Procedures.

     In connection with the Company's registration obligations hereunder, the
Company shall:

          (a) Not less than five Trading Days prior to the filing of each
     Registration Statement or any related Prospectus or any amendment or
     supplement thereto (including any document that would be incorporated or
     deemed to be incorporated therein by reference), the Company shall, (i)
     furnish to each Holder copies of all such documents proposed to be filed,
     which documents (other than those incorporated or deemed to be incorporated
     by reference) will be subject to the review of such Holders, and (ii) cause
     its officers and directors, counsel and independent certified public
     accountants to respond to such inquiries as shall be necessary, in the
     reasonable opinion of respective counsel to conduct a reasonable
     investigation within the meaning of the Securities Act. The Company shall
     not file a Registration Statement or any such Prospectus or any amendments
     or supplements thereto to which the Holders of a majority of the
     Registrable Securities shall reasonably object in good faith, provided
     that, the Company is notified of such objection in writing no later than 5
     Trading Days after the Holders have been so furnished copies of such
     documents. Each Holder agrees to furnish to the Company a completed
     Questionnaire in the form attached to this Agreement as Annex B (a "Selling
     Shareholder Questionnaire") not less than two Trading Days prior to the
     Filing Date or by the end of the fourth Trading Day following the date on
     which such Holder receives draft materials in accordance with this Section.

                                       4
<PAGE>
          (b) (i) Prepare and file with the Commission such amendments,
     including post-effective amendments, to a Registration Statement and the
     Prospectus used in connection therewith as may be necessary to keep a
     Registration Statement continuously effective as to the applicable
     Registrable Securities for the Effectiveness Period and prepare and file
     with the Commission such additional Registration Statements in order to
     register for resale under the Securities Act all of the Registrable
     Securities; (ii) cause the related Prospectus to be amended or supplemented
     by any required Prospectus supplement (subject to the terms of this
     Agreement), and as so supplemented or amended to be filed pursuant to Rule
     424; (iii) respond as promptly as reasonably possible to any comments
     received from the Commission with respect to a Registration Statement or
     any amendment thereto and as promptly as reasonably possible provide the
     Holders true and complete copies of all correspondence from and to the
     Commission relating to a Registration Statement; and (iv) comply in all
     material respects with the provisions of the Securities Act and the
     Exchange Act with respect to the disposition of all Registrable Securities
     covered by a Registration Statement during the applicable period in
     accordance (subject to the terms of this Agreement) with the intended
     methods of disposition by the Holders thereof set forth in such
     Registration Statement as so amended or in such Prospectus as so
     supplemented.

          (c) If during the Effectiveness Period, the number of Registrable
     Securities at any time exceeds 50% of the number of shares of Common Stock
     then registered in a Registration Statement, then the Company shall file as
     soon as reasonably practicable but in any case prior to the applicable
     Filing Date, an additional Registration Statement covering the resale by
     the Holders of not less than 200% of the number of such Registrable
     Securities.

          (d) Notify the Holders of Registrable Securities to be sold (which
     notice shall, pursuant to clauses (ii) through (vi) hereof, be accompanied
     by an instruction to suspend the use of the Prospectus until the requisite
     changes have been made) as promptly as reasonably possible (and, in the
     case of (i)(A) below, not less than five Trading Days prior to such filing)
     and (if requested by any such Person) confirm such notice in writing no
     later than one Trading Day following the day (i)(A) when a Prospectus or
     any Prospectus supplement or post-effective amendment to a Registration
     Statement is proposed to be filed; (B) when the Commission notifies the
     Company whether there will be a "review" of such Registration Statement and
     whenever the Commission comments in writing on such Registration Statement
     (the Company shall provide true and complete copies thereof and all written
     responses thereto to each of the Holders); and (C) with respect to a
     Registration Statement or any post-effective amendment, when the same has
     become effective; (ii) of any request by the Commission or any other
     Federal or state governmental authority for amendments or supplements to a
     Registration Statement or Prospectus or for additional information; (iii)
     of the issuance by the Commission or any other federal or state
     governmental authority of any stop order suspending the effectiveness of a
     Registration Statement covering any or all of the Registrable Securities or
     the initiation of any Proceedings for that purpose; (iv) of the receipt by
     the Company of any notification with respect to the suspension of the
     qualification or exemption from qualification of any of the Registrable
     Securities for sale in any jurisdiction, or the initiation or threatening
     of any Proceeding for such purpose; (v) of the occurrence of any event or
     passage of time that makes the financial statements included in a
     Registration Statement ineligible for inclusion therein or any statement
     made in a Registration Statement or Prospectus or any document incorporated
     or deemed to be incorporated therein by reference untrue in any material
     respect or that requires any revisions to a Registration Statement,
     Prospectus or other documents so that, in the case of a Registration
     Statement or the Prospectus, as the case may be, it will not contain any
     untrue statement of a material fact or omit to state any material fact
     required to be stated therein or necessary to make the statements therein,
     in light of the circumstances under which they were made, not misleading;
     and (vi) the occurrence or existence of any pending corporate development
     with respect to the Company that the Company believes may be material and
     that, in the determination of the Company, makes it not in the best
     interest of the Company to allow continued availability of a Registration
     Statement or Prospectus; provided that any and all of such information
     shall remain confidential to each Holder until such information otherwise
     becomes public, unless disclosure by a Holder is required by law; provided,
     further, notwithstanding each Holder's agreement to keep such information
     confidential, the Holders make no acknowledgement that any such information
     is material, non-public information.

                                       5
<PAGE>
          (e) Use its best efforts to avoid the issuance of, or, if issued,
     obtain the withdrawal of (i) any order suspending the effectiveness of a
     Registration Statement, or (ii) any suspension of the qualification (or
     exemption from qualification) of any of the Registrable Securities for sale
     in any jurisdiction, at the earliest practicable moment.

          (f) Furnish to each Holder, without charge, at least one conformed
     copy of each such Registration Statement and each amendment thereto,
     including financial statements and schedules, all documents incorporated or
     deemed to be incorporated therein by reference to the extent requested by
     such Person, and all exhibits to the extent requested by such Person
     (including those previously furnished or incorporated by reference)
     promptly after the filing of such documents with the Commission.

          (g) Promptly deliver to each Holder, without charge, as many copies of
     the Prospectus or Prospectuses (including each form of prospectus) and each
     amendment or supplement thereto as such Persons may reasonably request in
     connection with resales by the Holder of Registrable Securities. Subject to
     the terms of this Agreement, the Company hereby consents to the use of such
     Prospectus and each amendment or supplement thereto by each of the selling
     Holders in connection with the offering and sale of the Registrable
     Securities covered by such Prospectus and any amendment or supplement
     thereto, except after the giving on any notice pursuant to Section 3(d).

          (h) If NASDR Rule 2710 requires any broker-dealer to make a filing
     prior to executing a sale by a Holder, the Company shall (i) make an Issuer
     Filing with the NASDR, Inc. Corporate Financing Department pursuant to
     proposed NASDR Rule 2710(b)(10)(A)(i), (ii) respond within five Trading
     Days to any comments received from NASDR in connection therewith, (iii) and
     pay the filing fee required in connection therewith.

                                       6
<PAGE>
          (i) Prior to any resale of Registrable Securities by a Holder, use its
     commercially reasonable efforts to register or qualify or cooperate with
     the selling Holders in connection with the registration or qualification
     (or exemption from the Registration or qualification) of such Registrable
     Securities for the resale by the Holder under the securities or Blue Sky
     laws of such jurisdictions within the United States as any Holder
     reasonably requests in writing, to keep each registration or qualification
     (or exemption therefrom) effective during the Effectiveness Period and to
     do any and all other acts or things reasonably necessary to enable the
     disposition in such jurisdictions of the Registrable Securities covered by
     each Registration Statement; provided, that the Company shall not be
     required to qualify generally to do business in any jurisdiction where it
     is not then so qualified, subject the Company to any material tax in any
     such jurisdiction where it is not then so subject or file a general consent
     to service of process in any such jurisdiction.

          (j) If requested by the Holders, cooperate with the Holders to
     facilitate the timely preparation and delivery of certificates representing
     Registrable Securities to be delivered to a transferee pursuant to a
     Registration Statement, which certificates shall be free, to the extent
     permitted by the Purchase Agreement, of all restrictive legends, and to
     enable such Registrable Securities to be in such denominations and
     registered in such names as any such Holders may request.

          (k) Upon the occurrence of any event contemplated by this Section 3,
     as promptly as reasonably possible under the circumstances taking into
     account the Company's good faith assessment of any adverse consequences to
     the Company and its stockholders of the premature disclosure of such event,
     prepare a supplement or amendment, including a post-effective amendment, to
     a Registration Statement or a supplement to the related Prospectus or any
     document incorporated or deemed to be incorporated therein by reference,
     and file any other required document so that, as thereafter delivered,
     neither a Registration Statement nor such Prospectus will contain 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, in light of
     the circumstances under which they were made, not misleading. If the
     Company notifies the Holders in accordance with clauses (ii) through (vi)
     of Section 3(d) above to suspend the use of any Prospectus until the
     requisite changes to such Prospectus have been made, then the Holders shall
     suspend use of such Prospectus. The Company will use its best efforts to
     ensure that the use of the Prospectus may be resumed as promptly as is
     practicable. The Company shall be entitled to exercise its right under this
     Section 3(k) to suspend the availability of a Registration Statement and
     Prospectus, subject to the payment of partial liquidated damages pursuant
     to Section 2(b), for a period not to exceed 60 days (which need not be
     consecutive days) in any 12 month period.

          (l) Comply with all applicable rules and regulations of the
     Commission.

                                       7
<PAGE>
          (m) The Company may require each selling Holder to furnish to the
     Company a certified statement as to the number of shares of Common Stock
     beneficially owned by such Holder and, if required by the Commission, the
     person thereof that has voting and dispositive control over the Shares.
     During any periods that the Company is unable to meet its obligations
     hereunder with respect to the registration of the Registrable Securities
     solely because any Holder fails to furnish such information within three
     Trading Days of the Company's request, any liquidated damages that are
     accruing at such time as to such Holder only shall be tolled and any Event
     that may otherwise occur solely because of such delay shall be suspended as
     to such Holder only, until such information is delivered to the Company.

     4. Registration Expenses. All fees and expenses incident to the performance
of or compliance with this Agreement by the Company shall be borne by the
Company whether or not any Registrable Securities are sold pursuant to a
Registration Statement. The fees and expenses referred to in the foregoing
sentence shall include, without limitation, (i) all registration and filing fees
(including, without limitation, fees and expenses (A) with respect to filings
required to be made with the Trading Market on which the Common Stock is then
listed for trading, (B) in compliance with applicable state securities or Blue
Sky laws reasonably agreed to by the Company in writing (including, without
limitation, fees and disbursements of counsel for the Company in connection with
Blue Sky qualifications or exemptions of the Registrable Securities and
determination of the eligibility of the Registrable Securities for investment
under the laws of such jurisdictions as requested by the Holders) and (C) if not
previously paid by the Company in connection with an Issuer Filing, with respect
to any filing that may be required to be made by any broker through which a
Holder intends to make sales of Registrable Securities with NASD Regulation,
Inc. pursuant to the NASD Rule 2710, so long as the broker is receiving no more
than a customary brokerage commission in connection with such sale, (ii)
printing expenses (including, without limitation, expenses of printing
certificates for Registrable Securities and of printing prospectuses if the
printing of prospectuses is reasonably requested by the holders of a majority of
the Registrable Securities included in a Registration Statement), (iii)
messenger, telephone and delivery expenses, (iv) fees and disbursements of
counsel for the Company, (v) Securities Act liability insurance, if the Company
so desires such insurance, and (vi) fees and expenses of all other Persons
retained by the Company in connection with the consummation of the transactions
contemplated by this Agreement. In addition, the Company shall be responsible
for all of its internal expenses incurred in connection with the consummation of
the transactions contemplated by this Agreement (including, without limitation,
all salaries and expenses of its officers and employees performing legal or
accounting duties), the expense of any annual audit and the fees and expenses
incurred in connection with the listing of the Registrable Securities on any
securities exchange as required hereunder. In no event shall the Company be
responsible for any broker or similar commissions or, except to the extent
provided for in the Transaction Documents, any legal fees or other costs of the
Holders.

     5. Indemnification

                                       8
<PAGE>
          (a) Indemnification by the Company. The Company shall, notwithstanding
     any termination of this Agreement, indemnify and hold harmless each Holder,
     the officers, directors, members, partners, agents, brokers (including
     brokers who offer and sell Registrable Securities as principal as a result
     of a pledge or any failure to perform under a margin call of Common Stock),
     investment advisors and employees (and any other Persons with a
     functionally equivalent role of a Person holding such titles,
     notwithstanding a lack of such title or any other title) of each of them,
     each Person who controls any such Holder (within the meaning of Section 15
     of the Securities Act or Section 20 of the Exchange Act) and the officers,
     directors, members, partners, agents and employees (and any other Persons
     with a functionally equivalent role of a Person holding such titles,
     notwithstanding a lack of such title or any other title) of each such
     controlling Person, to the fullest extent permitted by applicable law, from
     and against any and all losses, claims, damages, liabilities, costs
     (including, without limitation, reasonable attorneys' fees) and expenses
     (collectively, "Losses"), as incurred, arising out of or relating to (1)
     any untrue or alleged untrue statement of a material fact contained in a
     Registration Statement, any Prospectus or any form of prospectus or in any
     amendment or supplement thereto or in any preliminary prospectus, or
     arising out of or relating to any omission or alleged omission of a
     material fact required to be stated therein or necessary to make the
     statements therein (in the case of any Prospectus or form of prospectus or
     supplement thereto, in light of the circumstances under which they were
     made) not misleading or (2) any violation or alleged violation by the
     Company of the Securities Act, the Exchange Act or any state securities
     law, or any rule or regulation thereunder, in connection with the
     performance of its obligations under this Agreement, except to the extent,
     but only to the extent, that (i) such untrue statements or omissions are
     based solely upon information regarding such Holder furnished in writing to
     the Company by such Holder expressly for use therein, or to the extent that
     such information relates to such Holder or such Holder's proposed method of
     distribution of Registrable Securities and was reviewed and expressly
     approved in writing by such Holder expressly for use in a Registration
     Statement, such Prospectus or such form of Prospectus or in any amendment
     or supplement thereto (it being understood that the Holder has approved
     Annex A hereto for this purpose) or (ii) in the case of an occurrence of an
     event of the type specified in Section 3(d)(ii)-(vi), the use by such
     Holder of an outdated or defective Prospectus after the Company has
     notified such Holder in writing that the Prospectus is outdated or
     defective and prior to the receipt by such Holder of the Advice
     contemplated in Section 6(d). The Company shall notify the Holders promptly
     of the institution, threat or assertion of any Proceeding arising from or
     in connection with the transactions contemplated by this Agreement of which
     the Company is aware.

          (b) Indemnification by Holders. Each Holder shall, severally and not
     jointly, indemnify and hold harmless the Company, its directors, officers,
     agents and employees, each Person who controls the Company (within the
     meaning of Section 15 of the Securities Act and Section 20 of the Exchange
     Act), and the directors, officers, agents or employees of such controlling
     Persons, to the fullest extent permitted by applicable law, from and
     against all Losses, as incurred, to the extent arising out of or based
     solely upon: (x) such Holder's failure to comply with the prospectus
     delivery requirements of the Securities Act or (y) any untrue or alleged
     untrue statement of a material fact contained in any Registration
     Statement, any Prospectus, or any form of prospectus, or in any amendment
     or supplement thereto or in any preliminary prospectus, or arising out of
     or relating to any omission or alleged omission of a material fact required

                                       9
<PAGE>
     to be stated therein or necessary to make the statements therein not
     misleading (i) to the extent, but only to the extent, that such untrue
     statement or omission is contained in any information so furnished in
     writing by such Holder to the Company specifically for inclusion in such
     Registration Statement or such Prospectus or (ii) to the extent that (1)
     such untrue statements or omissions are based solely upon information
     regarding such Holder furnished in writing to the Company by such Holder
     expressly for use therein, or to the extent that such information relates
     to such Holder or such Holder's proposed method of distribution of
     Registrable Securities and was reviewed and expressly approved in writing
     by such Holder expressly for use in a Registration Statement (it being
     understood that the Holder has approved Annex A hereto for this purpose),
     such Prospectus or such form of Prospectus or in any amendment or
     supplement thereto or (2) in the case of an occurrence of an event of the
     type specified in Section 3(d)(ii)-(vi), the use by such Holder of an
     outdated or defective Prospectus after the Company has notified such Holder
     in writing that the Prospectus is outdated or defective and prior to the
     receipt by such Holder of the Advice contemplated in Section 6(d). In no
     event shall the liability of any selling Holder hereunder be greater in
     amount than the dollar amount of the net proceeds received by such Holder
     upon the sale of the Registrable Securities giving rise to such
     indemnification obligation.

          (c) Conduct of Indemnification Proceedings. If any Proceeding shall be
     brought or asserted against any Person entitled to indemnity hereunder (an
     "Indemnified Party"), such Indemnified Party shall promptly notify the
     Person from whom indemnity is sought (the "Indemnifying Party") in writing,
     and the Indemnifying Party shall have the right to assume the defense
     thereof, including the employment of counsel reasonably satisfactory to the
     Indemnified Party and the payment of all fees and expenses incurred in
     connection with defense thereof; provided, that the failure of any
     Indemnified Party to give such notice shall not relieve the Indemnifying
     Party of its obligations or liabilities pursuant to this Agreement, except
     (and only) to the extent that it shall be finally determined by a court of
     competent jurisdiction (which determination is not subject to appeal or
     further review) that such failure shall have prejudiced the Indemnifying
     Party.

          An Indemnified Party shall have the right to employ separate counsel
     in any such Proceeding and to participate in the defense thereof, but the
     fees and expenses of such counsel shall be at the expense of such
     Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed
     in writing to pay such fees and expenses; (2) the Indemnifying Party shall
     have failed promptly to assume the defense of such Proceeding and to employ
     counsel reasonably satisfactory to such Indemnified Party in any such
     Proceeding; or (3) the named parties to any such Proceeding (including any
     impleaded parties) include both such Indemnified Party and the Indemnifying
     Party, and such Indemnified Party shall reasonably believe that a material
     conflict of interest is likely to exist if the same counsel were to
     represent such Indemnified Party and the Indemnifying Party (in which case,
     if such Indemnified Party notifies the Indemnifying Party in writing that
     it elects to employ separate counsel at the expense of the Indemnifying
     Party, the Indemnifying Party shall not have the right to assume the
     defense thereof and the reasonable fees and expenses of one separate
     counsel shall be at the expense of the Indemnifying Party). The
     Indemnifying Party shall not be liable for any settlement of any such
     Proceeding effected without its written consent, which consent shall not be
     unreasonably withheld. No Indemnifying Party shall, without the prior
     written consent of the Indemnified Party, effect any settlement of any
     pending Proceeding in respect of which any Indemnified Party is a party,
     unless such settlement includes an unconditional release of such
     Indemnified Party from all liability on claims that are the subject matter
     of such Proceeding.

                                       10
<PAGE>
          Subject to the terms of this Agreement, all reasonable fees and
     expenses of the Indemnified Party (including reasonable fees and expenses
     to the extent incurred in connection with investigating or preparing to
     defend such Proceeding in a manner not inconsistent with this Section)
     shall be paid to the Indemnified Party, as incurred, within ten Trading
     Days of written notice thereof to the Indemnifying Party; provided, that
     the Indemnified Party shall promptly reimburse the Indemnifying Party for
     that portion of such fees and expenses applicable to such actions for which
     such Indemnified Party is not entitled to indemnification hereunder,
     determined based upon the relative faults of the parties.

          (d) Contribution. If the indemnification under Section 5(a) or 5(b) is
     unavailable to an Indemnified Party or insufficient to hold an Indemnified
     Party harmless for any Losses, then each Indemnifying Party shall
     contribute to the amount paid or payable by such Indemnified Party, in such
     proportion as is appropriate to reflect the relative fault of the
     Indemnifying Party and Indemnified Party in connection with the actions,
     statements or omissions that resulted in such Losses as well as any other
     relevant equitable considerations. The relative fault of such Indemnifying
     Party and Indemnified Party shall be determined by reference to, among
     other things, whether any action in question, including any untrue or
     alleged untrue statement of a material fact or omission or alleged omission
     of a material fact, has been taken or made by, or relates to information
     supplied by, such Indemnifying Party or Indemnified Party, and the parties'
     relative intent, knowledge, access to information and opportunity to
     correct or prevent such action, statement or omission. The amount paid or
     payable by a party as a result of any Losses shall be deemed to include,
     subject to the limitations set forth in this Agreement, any reasonable
     attorneys' or other reasonable fees or expenses incurred by such party in
     connection with any Proceeding to the extent such party would have been
     indemnified for such fees or expenses if the indemnification provided for
     in this Section was available to such party in accordance with its terms.

          The parties hereto agree that it would not be just and equitable if
     contribution pursuant to this Section 5(d) were determined by pro rata
     allocation or by any other method of allocation that does not take into
     account the equitable considerations referred to in the immediately
     preceding paragraph. Notwithstanding the provisions of this Section 5(d),
     no Holder shall be required to contribute, in the aggregate, any amount in
     excess of the amount by which the proceeds actually received by such Holder
     from the sale of the Registrable Securities subject to the Proceeding
     exceeds the amount of any damages that such Holder has otherwise been
     required to pay by reason of such untrue or alleged untrue statement or
     omission or alleged omission, except in the case of fraud by such Holder.

                                       11
<PAGE>
          The indemnity and contribution agreements contained in this Section
     are in addition to any liability that the Indemnifying Parties may have to
     the Indemnified Parties.

     6.   Miscellaneous

          (a) Remedies. In the event of a breach by the Company or by a Holder,
     of any of their obligations under this Agreement, each Holder or the
     Company, as the case may be, in addition to being entitled to exercise all
     rights granted by law and under this Agreement, including recovery of
     damages, will be entitled to specific performance of its rights under this
     Agreement. The Company and each Holder agree that monetary damages would
     not provide adequate compensation for any losses incurred by reason of a
     breach by it of any of the provisions of this Agreement and hereby further
     agrees that, in the event of any action for specific performance in respect
     of such breach, it shall waive the defense that a remedy at law would be
     adequate.

          (b) No Piggyback on Registrations. Except as set forth on Schedule
     6(b) attached hereto, neither the Company nor any of its security holders
     (other than the Holders in such capacity pursuant hereto) may include
     securities of the Company in the initial Registration Statement other than
     the Registrable Securities. No Person has any right to cause the Company to
     effect the registration under the Securities Act of any securities of the
     Company. The Company shall not file any other registration statements until
     the initial Registration Statement required hereunder is declared effective
     by the Commission, provided that this Section 6(b) shall not prohibit the
     Company from filing amendments to registration statements already filed.

          (c) Compliance. Each Holder covenants and agrees that it will comply
     with the prospectus delivery requirements of the Securities Act as
     applicable to it in connection with sales of Registrable Securities
     pursuant to a Registration Statement.

          (d) Discontinued Disposition. Each Holder agrees by its acquisition of
     such Registrable Securities that, upon receipt of a notice from the Company
     of the occurrence of any event of the kind described in Section 3(d), such
     Holder will forthwith discontinue disposition of such Registrable
     Securities under a Registration Statement until such Holder's receipt of
     the copies of the supplemented Prospectus and/or amended Registration
     Statement, or until it is advised in writing (the "Advice") by the Company
     that the use of the applicable Prospectus may be resumed, and, in either
     case, has received copies of any additional or supplemental filings that
     are incorporated or deemed to be incorporated by reference in such
     Prospectus or Registration Statement. The Company will use its best efforts
     to ensure that the use of the Prospectus may be resumed as promptly as it
     practicable. The Company agrees and acknowledges that any periods during
     which the Holder is required to discontinue the disposition of the
     Registrable Securities hereunder shall be subject to the provisions of
     Section 2(b).

                                       12
<PAGE>
          (e) Piggy-Back Registrations. If at any time during the Effectiveness
     Period there is not an effective Registration Statement covering all of the
     Registrable Securities and the Company shall determine to prepare and file
     with the Commission a registration statement relating to an offering for
     its own account or the account of others under the Securities Act of any of
     its equity securities, other than on Form S-4 or Form S-8 (each as
     promulgated under the Securities Act) or their then equivalents relating to
     equity securities to be issued solely in connection with any acquisition of
     any entity or business or equity securities issuable in connection with the
     stock option or other employee benefit plans, then the Company shall send
     to each Holder a written notice of such determination and, if within
     fifteen days after the date of such notice, any such Holder shall so
     request in writing, the Company shall include in such registration
     statement all or any part of such Registrable Securities such Holder
     requests to be registered; provided, however, that, the Company shall not
     be required to register any Registrable Securities pursuant to this Section
     6(e) that are eligible for resale pursuant to Rule 144(k) promulgated under
     the Securities Act or that are the subject of a then effective Registration
     Statement.

          (f) Amendments and Waivers. The provisions of this Agreement,
     including the provisions of this sentence, may not be amended, modified or
     supplemented, and waivers or consents to departures from the provisions
     hereof may not be given, unless the same shall be in writing and signed by
     the Company and each Holder of the then outstanding Registrable Securities.
     Notwithstanding the foregoing, a waiver or consent to depart from the
     provisions hereof with respect to a matter that relates exclusively to the
     rights of Holders and that does not directly or indirectly affect the
     rights of other Holders may be given by Holders of all of the Registrable
     Securities to which such waiver or consent relates; provided, however, that
     the provisions of this sentence may not be amended, modified, or
     supplemented except in accordance with the provisions of the immediately
     preceding sentence.

          (g) Notices. Any and all notices or other communications or deliveries
     required or permitted to be provided hereunder shall be delivered as set
     forth in the Purchase Agreement.

          (h) Successors and Assigns. This Agreement shall inure to the benefit
     of and be binding upon the successors and permitted assigns of each of the
     parties and shall inure to the benefit of each Holder. The Company may not
     assign its rights or obligations hereunder without the prior written
     consent of all of the Holders of the then-outstanding Registrable
     Securities. Each Holder may assign their respective rights hereunder in the
     manner and to the Persons as permitted under the Purchase Agreement.

          (i) No Inconsistent Agreements. Neither the Company nor any of its
     subsidiaries has entered, as of the date hereof, nor shall the Company or
     any of its subsidiaries, on or after the date of this Agreement, enter into
     any agreement with respect to its securities, that would have the effect of
     impairing the rights granted to the Holders in this Agreement or otherwise
     conflicts with the provisions hereof. Except as set forth on Schedule 6(i),
     neither the Company nor any of its subsidiaries has previously entered into
     any agreement granting any registration rights with respect to any of its
     securities to any Person that have not been satisfied in full.

                                       13
<PAGE>
          (j) Execution and Counterparts. This Agreement may be executed in any
     number of counterparts, each of which when so executed shall be deemed to
     be an original and, all of which taken together shall constitute one and
     the same Agreement. In the event that any signature is delivered by
     facsimile transmission, such signature shall create a valid binding
     obligation of the party executing (or on whose behalf such signature is
     executed) the same with the same force and effect as if such facsimile
     signature were the original thereof.

          (k) Governing Law. All questions concerning the construction,
     validity, enforcement and interpretation of this Agreement shall be
     determined with the provisions of the Purchase Agreement.

          (l) Cumulative Remedies. The remedies provided herein are cumulative
     and not exclusive of any remedies provided by law.

          (m) Severability. If any term, provision, covenant or restriction of
     this Agreement is held by a court of competent jurisdiction to be invalid,
     illegal, void or unenforceable, the remainder of the terms, provisions,
     covenants and restrictions set forth herein shall remain in full force and
     effect and shall in no way be affected, impaired or invalidated, and the
     parties hereto shall use their commercially reasonable efforts to find and
     employ an alternative means to achieve the same or substantially the same
     result as that contemplated by such term, provision, covenant or
     restriction. It is hereby stipulated and declared to be the intention of
     the parties that they would have executed the remaining terms, provisions,
     covenants and restrictions without including any of such that may be
     hereafter declared invalid, illegal, void or unenforceable.

          (n) Headings. The headings in this Agreement are for convenience of
     reference only and shall not limit or otherwise affect the meaning hereof.

          (o) Independent Nature of Holders' Obligations and Rights. The
     obligations of each Holder hereunder are several and not joint with the
     obligations of any other Holder hereunder, and no Holder shall be
     responsible in any way for the performance of the obligations of any other
     Holder hereunder. Nothing contained herein or in any other agreement or
     document delivered at any closing, and no action taken by any Holder
     pursuant hereto or thereto, shall be deemed to constitute the Holders as a
     partnership, an association, a joint venture or any other kind of entity,
     or create a presumption that the Holders are in any way acting in concert
     with respect to such obligations or the transactions contemplated by this
     Agreement. Each Holder shall be entitled to protect and enforce its rights,
     including without limitation the rights arising out of this Agreement, and
     it shall not be necessary for any other Holder to be joined as an
     additional party in any proceeding for such purpose.

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

                                       14
<PAGE>

     IN WITNESS WHEREOF, the parties have executed this Registration Rights
Agreement as of the date first written above.

NAVSTAR MEDIA HOLDINGS, INC.

By:__________________________________________
     Name:
     Title:

                       [SIGNATURE PAGE OF HOLDERS FOLLOWS]

                                       15
<PAGE>

                     [SIGNATURE PAGE OF HOLDERS TO NVMH RRA]

Name of Holder: __________________________
Signature of Authorized Signatory of Holder: __________________________
Name of Authorized Signatory: _________________________
Title of Authorized Signatory: __________________________

                           [SIGNATURE PAGES CONTINUE]

                                       16

<PAGE>

                              Plan of Distribution

     Each Selling Stockholder (the "Selling Stockholders") of the common stock
("Common Stock") of Navstar Media Holdings, Inc., a Nevada corporation (the
"Company") and any of their pledgees, assignees and successors-in-interest may,
from time to time, sell any or all of their shares of Common Stock on the
Trading Market or any other stock exchange, market or trading facility on which
the shares are traded or in private transactions. These sales may be at fixed or
negotiated prices. A Selling Stockholder may use any one or more of the
following methods when selling shares:

     o    ordinary brokerage transactions and transactions in which the
          broker-dealer solicits purchasers;

     o    block trades in which the broker-dealer will attempt to sell the
          shares as agent but may position and resell a portion of the block as
          principal to facilitate the transaction;

     o    purchases by a broker-dealer as principal and resale by the
          broker-dealer for its account;

     o    an exchange distribution in accordance with the rules of the
          applicable exchange;

     o    privately negotiated transactions;

     o    settlement of short sales entered into after the effective date of the
          registration statement of which this prospectus is a part;

     o    broker-dealers may agree with the Selling Stockholders to sell a
          specified number of such shares at a stipulated price per share;

     o    a combination of any such methods of sale;

     o    through the writing or settlement of options or other hedging
          transactions, whether through an options exchange or otherwise; or

     o    any other method permitted pursuant to applicable law.

     The Selling Stockholders may also sell shares under Rule 144 under the
Securities Act of 1933, as amended (the "Securities Act"), if available, rather
than under this prospectus.

     Broker-dealers engaged by the Selling Stockholders may arrange for other
brokers-dealers to participate in sales. Broker-dealers may receive commissions
or discounts from the Selling Stockholders (or, if any broker-dealer acts as
agent for the purchaser of shares, from the purchaser) in amounts to be
negotiated, but, except as set forth in a supplement to this Prospectus, in the
case of an agency transaction not in excess of a customary brokerage commission
in compliance with NASDR Rule 2440; and in the case of a principal transaction a
markup or markdown in compliance with NASDR IM-2440.

                                       17
<PAGE>
     In connection with the sale of the Common Stock or interests therein, the
Selling Stockholders may enter into hedging transactions with broker-dealers or
other financial institutions, which may in turn engage in short sales of the
Common Stock in the course of hedging the positions they assume. The Selling
Stockholders may also sell shares of the Common Stock short and deliver these
securities to close out their short positions, or loan or pledge the Common
Stock to broker-dealers that in turn may sell these securities. The Selling
Stockholders may also enter into option or other transactions with
broker-dealers or other financial institutions or the creation of one or more
derivative securities which require the delivery to such broker-dealer or other
financial institution of shares offered by this prospectus, which shares such
broker-dealer or other financial institution may resell pursuant to this
prospectus (as supplemented or amended to reflect such transaction).

     The Selling Stockholders and any broker~dealers or agents that are involved
in selling the shares may be deemed to be "underwriters" within the meaning of
the Securities Act in connection with such sales. In such event, any commissions
received by such broker~dealers or agents and any profit on the resale of the
shares purchased by them may be deemed to be underwriting commissions or
discounts under the Securities Act. Each Selling Stockholder has informed the
Company that it does not have any written or oral agreement or understanding,
directly or indirectly, with any person to distribute the Common Stock. In no
event shall any broker-dealer receive fees, commissions and markups which, in
the aggregate, would exceed eight percent (8%).

     The Company is required to pay certain fees and expenses incurred by the
Company incident to the registration of the shares. The Company has agreed to
indemnify the Selling Stockholders against certain losses, claims, damages and
liabilities, including liabilities under the Securities Act.

     Because Selling Stockholders may be deemed to be "underwriters" within the
meaning of the Securities Act, they will be subject to the prospectus delivery
requirements of the Securities Act. In addition, any securities covered by this
prospectus which qualify for sale pursuant to Rule 144 under the Securities Act
may be sold under Rule 144 rather than under this prospectus. Each Selling
Stockholder has advised us that they have not entered into any written or oral
agreements, understandings or arrangements with any underwriter or broker-dealer
regarding the sale of the resale shares. There is no underwriter or coordinating
broker acting in connection with the proposed sale of the resale shares by the
Selling Stockholders.

     We agreed to keep this prospectus effective until the earlier of (i) the
date on which the shares may be resold by the Selling Stockholders without
registration and without regard to any volume limitations by reason of Rule
144(e) under the Securities Act or any other rule of similar effect or (ii) all
of the shares have been sold pursuant to the prospectus or Rule 144 under the
Securities Act or any other rule of similar effect. The resale shares will be
sold only through registered or licensed brokers or dealers if required under
applicable state securities laws. In addition, in certain states, the resale
shares may not be sold unless they have been registered or qualified for sale in
the applicable state or an exemption from the registration or qualification
requirement is available and is complied with.

                                       18
<PAGE>
     Under applicable rules and regulations under the Exchange Act, any person
engaged in the distribution of the resale shares may not simultaneously engage
in market making activities with respect to the Common Stock for the applicable
restricted period, as defined in Regulation M, prior to the commencement of the
distribution. In addition, the Selling Stockholders will be subject to
applicable provisions of the Exchange Act and the rules and regulations
thereunder, including Regulation M, which may limit the timing of purchases and
sales of shares of the Common Stock by the Selling Stockholders or any other
person. We will make copies of this prospectus available to the Selling
Stockholders and have informed them of the need to deliver a copy of this
prospectus to each purchaser at or prior to the time of the sale.

                                       19
<PAGE>
                                                                         Annex B

                          NAVSTAR MEDIA HOLDINGS, INC.

                 Selling Securityholder Notice and Questionnaire

     The undersigned beneficial owner of common stock, par value $.001 per share
(the "Common Stock"), of Navstar Media Holdings, Inc., a Nevada corporation (the
"Company"), (the "Registrable Securities") understands that the Company has
filed or intends to file with the Securities and Exchange Commission (the
"Commission") a registration statement on Form S-3 (the "Registration
Statement") for the registration and resale under Rule 415 of the Securities Act
of 1933, as amended (the "Securities Act"), of the Registrable Securities, in
accordance with the terms of the Registration Rights Agreement, dated as of
January [____, 2006 (the "Registration Rights Agreement"), among the Company and
the Purchasers named therein. A copy of the Registration Rights Agreement is
available from the Company upon request at the address set forth below. All
capitalized terms not otherwise defined herein shall have the meanings ascribed
thereto in the Registration Rights Agreement.

     Certain legal consequences arise from being named as a selling
securityholder in the Registration Statement and the related prospectus.
Accordingly, holders and beneficial owners of Registrable Securities are advised
to consult their own securities law counsel regarding the consequences of being
named or not being named as a selling securityholder in the Registration
Statement and the related prospectus.

                                     NOTICE

     The undersigned beneficial owner (the "Selling Securityholder") of
Registrable Securities hereby elects to include the Registrable Securities owned
by it and listed below in Item 3 (unless otherwise specified under such Item 3)
in the Registration Statement.

                                       20
<PAGE>

The undersigned hereby provides the following information to the Company and
represents and warrants that such information is accurate:

                                  QUESTIONNAIRE

1.       Name.

         (a)      Full Legal Name of Selling Securityholder

                  --------------------------------------------------------------

         (b)      Full Legal Name of Registered Holder (if not the same as (a)
                  above) through which Registrable Securities Listed in Item 3
                  below are held:

                  --------------------------------------------------------------

         (c)      Full Legal Name of Natural Control Person (which means a
                  natural person who directly or indirectly alone or with others
                  has power to vote or dispose of the securities covered by the
                  questionnaire):

                  --------------------------------------------------------------

2.  Address for Notices to Selling Securityholder:

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Telephone:
          ----------------------------------------------------------------------
Fax:
Contact Person:

3.  Beneficial Ownership of Registrable Securities:

         (a)      Type and Principal Amount of Registrable Securities
                  beneficially owned (not including the Registrable Securities
                  that are issuable pursuant to the Purchase Agreement):

                  --------------------------------------------------------------

                  --------------------------------------------------------------

                  --------------------------------------------------------------

                                       21
<PAGE>

4.  Broker-Dealer Status:

         (a) Are you a broker-dealer?

                                            Yes [ ]     No  [ ]

         (b)      If "yes" to Section 4(a), did you receive your Registrable
                  Securities as compensation for investment banking services to
                  the Company.

                                            Yes [ ]     No  [ ]

          Note: If no, the Commission's staff has indicated that you should be
          identified as an underwriter in the Registration Statement.

         (c) Are you an affiliate of a broker-dealer?

                                            Yes [ ]     No  [ ]

         (d)      If you are an affiliate of a broker-dealer, do you certify
                  that you bought the Registrable Securities in the ordinary
                  course of business, and at the time of the purchase of the
                  Registrable Securities to be resold, you had no agreements or
                  understandings, directly or indirectly, with any person to
                  distribute the Registrable Securities?

                                            Yes [ ]     No  [ ]

          Note: If no, the Commission's staff has indicated that you should be
          identified as an underwriter in the Registration Statement.

5. Beneficial Ownership of Other Securities of the Company Owned by the Selling
Securityholder.

         Except as set forth below in this Item 5, the undersigned is not the
         beneficial or registered owner of any securities of the Company other
         than the Registrable Securities listed above in Item 3.

         (a) Type and Amount of Other Securities beneficially owned by the
Selling Securityholder:

          ---------------------------------------------------------------------

          ---------------------------------------------------------------------

                                       22
<PAGE>

6.  Relationships with the Company:

         Except as set forth below, neither the undersigned nor any of its
         affiliates, officers, directors or principal equity holders (owners of
         5% of more of the equity securities of the undersigned) has held any
         position or office or has had any other material relationship with the
         Company (or its predecessors or affiliates) during the past three
         years.

         State any exceptions here:

         -----------------------------------------------------------------------

         -----------------------------------------------------------------------

         The undersigned agrees to promptly notify the Company of any
inaccuracies or changes in the information provided herein that may occur
subsequent to the date hereof at any time while the Registration Statement
remains effective.

         By signing below, the undersigned consents to the disclosure of the
information contained herein in its answers to Items 1 through 6 and the
inclusion of such information in the Registration Statement and the related
prospectus and any amendments or supplements thereto. The undersigned
understands that such information will be relied upon by the Company in
connection with the preparation or amendment of the Registration Statement and
the related prospectus.

         IN WITNESS WHEREOF the undersigned, by authority duly given, has caused
this Notice and Questionnaire to be executed and delivered either in person or
by its duly authorized agent.

Dated:                                  Beneficial Owner:
       ------------------------                           ----------------------

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

PLEASE FAX A COPY OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE, AND
RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

                                       23
<PAGE>Exhibit 4.4                                                           EXHIBIT C

NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE
HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO
SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
COMPANY. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS
SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER
LOAN SECURED BY SUCH SECURITIES.

                          COMMON STOCK PURCHASE WARRANT

                To Purchase __________ Shares of Common Stock of

                          NAVSTAR MEDIA HOLDINGS, INC.

     THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") certifies that, for
value received, _____________ (the "Holder"), is entitled, upon the terms and
subject to the limitations on exercise and the conditions hereinafter set forth,
at any time on or after the date hereof (the "Initial Exercise Date") and on or
prior to the close of business on the fourth anniversary of the Initial Exercise
Date (the "Termination Date") but not thereafter, to subscribe for and purchase
from Navstar Media Holdings, Inc., a Nevada corporation (the "Company"), up to
______ shares (the "Warrant Shares") of Common Stock, par value $.001 per share,
of the Company (the "Common Stock"). The purchase price of one share of Common
Stock under this Warrant shall be equal to the Exercise Price, as defined in
Section 2(b).

     Section 1. Definitions. Capitalized terms used and not otherwise defined
herein shall have the meanings set forth in that certain Securities Purchase
Agreement (the "Purchase Agreement"), dated January [___, 2006, among the
Company and the purchasers signatory thereto.

     Section 2. Exercise.

          a) Exercise of Warrant. Exercise of the purchase rights represented by
     this Warrant may be made, in whole or in part, at any time or times on or
     after the Initial Exercise Date and on or before the Termination Date by
     delivery to the Company of a duly executed facsimile copy of the Notice of
     Exercise Form annexed hereto (or such other office or agency of the Company

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

          b) Exercise Price. The exercise price of the Common Stock under this
     Warrant shall be $1.25, subject to adjustment hereunder (the "Exercise
     Price").

          c) Cashless Exercise. If at any time after one year from the date of
     issuance of this Warrant there is no effective Registration Statement
     registering, or no current prospectus available for, the resale of the
     Warrant Shares by the Holder, then this Warrant may also be exercised at
     such time by means of a "cashless exercise" in which the Holder shall be
     entitled to receive a certificate for the number of Warrant Shares equal to
     the quotient obtained by dividing [(A-B) (X)] by (A), where:

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

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

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

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

                                       2
<PAGE>
          d) Exercise Limitations. The Company shall not effect any exercise of
     this Warrant, and a Holder shall not have the right to exercise any portion
     of this Warrant, pursuant to Section 2(c) or otherwise, to the extent that
     after giving effect to such issuance after exercise, such Holder (together
     with such Holder's affiliates, and any other person or entity acting as a
     group together with such Holder or any of such Holder's affiliates), as set
     forth on the applicable Notice of Exercise, would beneficially own in
     excess of the Beneficial Ownership Limitation (as defined below). For
     purposes of the foregoing sentence, the number of shares of Common Stock
     beneficially owned by such Holder and its affiliates shall include the
     number of shares of Common Stock issuable upon exercise of this Warrant
     with respect to which the determination of such sentence is being made, but
     shall exclude the number of shares of Common Stock which would be issuable
     upon (A) exercise of the remaining, nonexercised portion of this Warrant
     beneficially owned by such Holder or any of its affiliates and (B) exercise
     or conversion of the unexercised or nonconverted portion of any other
     securities of the Company (including, without limitation, any other
     Debentures or Warrants) subject to a limitation on conversion or exercise
     analogous to the limitation contained herein beneficially owned by such
     Holder or any of its affiliates. Except as set forth in the preceding
     sentence, for purposes of this Section 2(d), beneficial ownership shall be
     calculated in accordance with Section 13(d) of the Exchange Act and the
     rules and regulations promulgated thereunder, it being acknowledged by a
     Holder that the Company is not representing to such Holder that such
     calculation is in compliance with Section 13(d) of the Exchange Act and
     such Holder is solely responsible for any schedules required to be filed in
     accordance therewith. To the extent that the limitation contained in this
     Section 2(d) applies, the determination of whether this Warrant is
     exercisable (in relation to other securities owned by such Holder) and of
     which a portion of this Warrant is exercisable shall be in the sole
     discretion of a Holder, and the submission of a Notice of Exercise shall be
     deemed to be each Holder's determination of whether this Warrant is
     exercisable (in relation to other securities owned by such Holder) and of
     which portion of this Warrant is exercisable, in each case subject to such
     aggregate percentage limitation, and the Company shall have no obligation
     to verify or confirm the accuracy of such determination. In addition, a
     determination as to any group status as contemplated above shall be
     determined in accordance with Section 13(d) of the Exchange Act and the
     rules and regulations promulgated thereunder. For purposes of this Section
     2(d), in determining the number of outstanding shares of Common Stock, a
     Holder may rely on the number of outstanding shares of Common Stock as
     reflected in (x) the Company's most recent Form 10-QSB or Form 10-KSB, as
     the case may be, (y) a more recent public announcement by the Company or
     (z) any other notice by the Company or the Company's Transfer Agent setting
     forth the number of shares of Common Stock outstanding. Upon the written or
     oral request of a Holder, the Company shall within two Trading Days confirm
     orally and in writing to such Holder the number of shares of Common Stock
     then outstanding. In any case, the number of outstanding shares of Common
     Stock shall be determined after giving effect to the conversion or exercise
     of securities of the Company, including this Warrant, by such Holder or its
     affiliates since the date as of which such number of outstanding shares of
     Common Stock was reported. The "Beneficial Ownership Limitation" shall be
     4.99% of the number of shares of the Common Stock outstanding immediately
     after giving effect to the issuance of shares of Common Stock issuable upon
     exercise of this Warrant. The Beneficial Ownership Limitation provisions of
     this Section 2(d) may be waived by such Holder, at the election of such
     Holder, upon not less than 61 days' prior notice to the Company to change
     the Beneficial Ownership Limitation to 9.99% of the number of shares of the
     Common Stock outstanding immediately after giving effect to the issuance of

                                       3
<PAGE>
     shares of Common Stock upon exercise of this Warrant, and the provisions of
     this Section 2(d) shall continue to apply. Upon such a change by a Holder
     of the Beneficial Ownership Limitation from such 4.99% limitation to such
     9.99% limitation, the Beneficial Ownership Limitation may not be waived by
     such Holder. The provisions of this paragraph shall be implemented in a
     manner otherwise than in strict conformity with the terms of this Section
     2(d) to correct this paragraph (or any portion hereof) which may be
     defective or inconsistent with the intended Beneficial Ownership Limitation
     herein contained or to make changes or supplements necessary or desirable
     to properly give effect to such limitation. The limitations contained in
     this paragraph shall apply to a successor holder of this Warrant.

          e) Mechanics of Exercise.

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

               ii. Delivery of Certificates Upon Exercise. Certificates for
          shares purchased hereunder shall be transmitted by the transfer agent
          of the Company to the Holder by crediting the account of the Holder's
          prime broker with the Depository Trust Company through its Deposit
          Withdrawal Agent Commission ("DWAC") system if the Company is a
          participant in such system, and otherwise by physical delivery to the
          address specified by the Holder in the Notice of Exercise within 3
          Trading Days from the delivery to the Company of the Notice of
          Exercise Form, surrender of this Warrant (if required) and payment of
          the aggregate Exercise Price as set forth above ("Warrant Share
          Delivery Date"). This Warrant shall be deemed to have been exercised
          on the date the Exercise Price is received by the Company. The Warrant
          Shares shall be deemed to have been issued, and Holder or any other
          person so designated to be named therein shall be deemed to have
          become a holder of record of such shares for all purposes, as of the
          date the Warrant has been exercised by payment to the Company of the
          Exercise Price and all taxes required to be paid by the Holder, if
          any, pursuant to Section 2(e)(vii) prior to the issuance of such
          shares, have been paid.

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

                                       4
<PAGE>
               iv. Rescission Rights. If the Company fails to cause its transfer
          agent to transmit to the Holder a certificate or certificates
          representing the Warrant Shares pursuant to this Section 2(e)(iv) by
          the Warrant Share Delivery Date, then the Holder will have the right
          to rescind such exercise.

               v. Compensation for Buy-In on Failure to Timely Deliver
          Certificates Upon Exercise. In addition to any other rights available
          to the Holder, if the Company fails to cause its transfer agent to
          transmit to the Holder a certificate or certificates representing the
          Warrant Shares pursuant to an exercise on or before the Warrant Share
          Delivery Date, and if after such date the Holder is required by its
          broker to purchase (in an open market transaction or otherwise) shares
          of Common Stock to deliver in satisfaction of a sale by the Holder of
          the Warrant Shares which the Holder anticipated receiving upon such
          exercise (a "Buy-In"), then the Company shall (1) pay in cash to the
          Holder the amount by which (x) the Holder's total purchase price
          (including brokerage commissions, if any) for the shares of Common
          Stock so purchased exceeds (y) the amount obtained by multiplying (A)
          the number of Warrant Shares that the Company was required to deliver
          to the Holder in connection with the exercise at issue times (B) the
          price at which the sell order giving rise to such purchase obligation
          was executed, and (2) at the option of the Holder, either reinstate
          the portion of the Warrant and equivalent number of Warrant Shares for
          which such exercise was not honored or deliver to the Holder the
          number of shares of Common Stock that would have been issued had the
          Company timely complied with its exercise and delivery obligations
          hereunder. For example, if the Holder purchases Common Stock having a
          total purchase price of $11,000 to cover a Buy-In with respect to an
          attempted exercise of shares of Common Stock with an aggregate sale
          price giving rise to such purchase obligation of $10,000, under clause
          (1) of the immediately preceding sentence the Company shall be
          required to pay the Holder $1,000. The Holder shall provide the
          Company written notice indicating the amounts payable to the Holder in
          respect of the Buy-In, together with applicable confirmations and
          other evidence reasonably requested by the Company. Nothing herein
          shall limit a Holder's right to pursue any other remedies available to
          it hereunder, at law or in equity including, without limitation, a
          decree of specific performance and/or injunctive relief with respect
          to the Company's failure to timely deliver certificates representing
          shares of Common Stock upon exercise of the Warrant as required
          pursuant to the terms hereof.

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

                                       5
<PAGE>

               vii. Charges, Taxes and Expenses. Issuance of certificates for
          Warrant Shares shall be made without charge to the Holder for any
          issue or transfer tax or other incidental expense in respect of the
          issuance of such certificate, all of which taxes and expenses shall be
          paid by the Company, and such certificates shall be issued in the name
          of the Holder or in such name or names as may be directed by the
          Holder; provided, however, that in the event certificates for Warrant
          Shares are to be issued in a name other than the name of the Holder,
          this Warrant when surrendered for exercise shall be accompanied by the
          Assignment Form attached hereto duly executed by the Holder; and the
          Company may require, as a condition thereto, the payment of a sum
          sufficient to reimburse it for any transfer tax incidental thereto.

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

          f) Call Provision. Subject to the provisions of Section 2(d) and this
     Section 2(f), if, after the Effective Date (A) (i) the VWAP for each of 10
     consecutive Trading Days (the "Measurement Period", which 10 Trading Day
     period shall not have commenced until after the Effective Date) exceeds
     $2.50 (subject to adjustment for forward and reverse stock splits,
     recapitalizations, stock dividends and the like after the Initial Exercise
     Date) (the "Threshold Price") and (ii) the average daily volume for any
     Threshold Period, which Threshold Period shall have commenced only after
     the Effective Date, exceeds 25,000 shares of Common Stock per Trading Day
     (subject to adjustment for forward and reverse stock splits,
     recapitalizations, stock dividends and the like after the Initial Exercise
     Date) or (B) the Company has completed a Subsequent Financing with gross
     cash proceeds of at least $10,000,000 at an effective per share price of
     $3.00 or more (subject to adjustment for forward and reverse stock splits,
     recapitalizations, stock dividends and the like after the Initial Exercise
     Date), then the Company may, within one Trading Day of the end of such
     period, call for redemption at $.05 per Warrants Share all or any portion
     of this Warrant for which a Notice of Exercise has not yet been delivered
     (such right, a "Call"). To exercise this right, the Company must deliver to
     the Holder an irrevocable written notice (a "Call Notice"), indicating
     therein the portion of unexercised portion of this Warrant to which such
     notice applies. If the conditions set forth below for such Call are
     satisfied from the period from the date of the Call Notice through and
     including the Call Date (as defined below), then any portion of this
     Warrant subject to such Call Notice for which either (i) a Notice of
     Exercise or (ii) a notice from a Holder of its intention to exercise its
     exchange rights pursuant to Section 3(h) (as to Call rights triggered by
     (B) above) shall not have been received by the Call Date will be redeemed
     at 6:30 p.m. (New York City time) on the thirtieth Trading Day after the
     date the Call Notice is received by the Holder (such date, the "Call

                                       6
<PAGE>
     Date"). Any unexercised portion of this Warrant to which the Call Notice
     does not pertain will be unaffected by such Call Notice. In furtherance
     thereof, the Company covenants and agrees that it will honor all Notices of
     Exercise or exchange rights pursuant to section 3(h) below with respect to
     Warrant Shares subject to a Call Notice that are tendered through 6:30 p.m.
     (New York City time) on the Call Date. The parties agree that any Notice of
     Exercise or exercise of exchange rights pursuant to Section 3(h) below that
     are delivered following a Call Notice shall first reduce to zero the number
     of Warrant Shares subject to such Call Notice prior to reducing the
     remaining Warrant Shares available for purchase under this Warrant. For
     example, if (x) this Warrant then permits the Holder to acquire 100 Warrant
     Shares, (y) a Call Notice pertains to 75 Warrant Shares, and (z) prior to
     6:30 p.m. (New York City time) on the Call Date the Holder tenders a Notice
     of Exercise in respect of 50 Warrant Shares, then (1) on the Call Date the
     right under this Warrant to acquire 25 Warrant Shares will be redeemed, (2)
     the Company, in the time and manner required under this Warrant, will have
     issued and delivered to the Holder 50 Warrant Shares in respect of the
     exercises following receipt of the Call Notice, and (3) the Holder may,
     until the Termination Date, exercise this Warrant for 25 Warrant Shares
     (subject to adjustment as herein provided and subject to subsequent Call
     Notices). Subject again to the provisions of this Section 2(f), the Company
     may deliver subsequent Call Notices for any portion of this Warrant for
     which the Holder shall not have delivered a Notice of Exercise.
     Notwithstanding anything to the contrary set forth in this Warrant, the
     Company may not deliver a Call Notice or require the redemption of this
     Warrant (and any Call Notice will be void), unless, from the beginning of
     the 20th consecutive Trading Days used to determine whether the Common
     Stock has achieved the Threshold Price through the Call Date, (i) the
     Company shall have honored in accordance with the terms of this Warrant all
     Notices of Exercise and exercises of exchange rights pursuant to Section
     3(h) delivered by 6:30 p.m. (New York City time) on the Call Date, (ii) the
     Registration Statement shall be effective as to all Warrant Shares and the
     prospectus thereunder available for use by the Holder for the resale of all
     such Warrant Shares and (iii) the Common Stock shall be listed or quoted
     for trading on the Trading Market, and (iv) there is a sufficient number of
     authorized shares of Common Stock for issuance of all Securities under the
     Transaction Documents, and (v) the issuance of the shares shall be in
     accordance with Section 2(d) herein. The Company's right to Call the
     Warrant shall be exercised ratably among the Holders based on each Holder's
     initial purchase of Common Stock.

Section 3.     Certain Adjustments.

          a) Stock Dividends and Splits. If the Company, at any time while this
     Warrant is outstanding: (A) pays a stock dividend or otherwise make a
     distribution or distributions on shares of its Common Stock or any other
     equity or equity equivalent securities payable in shares of Common Stock
     (which, for avoidance of doubt, shall not include any shares of Common
     Stock issued by the Company pursuant to this Warrant), (B) subdivides
     outstanding shares of Common Stock into a larger number of shares, (C)
     combines (including by way of reverse stock split) outstanding shares of
     Common Stock into a smaller number of shares, or (D) issues by
     reclassification of shares of the Common Stock any shares of capital stock
     of the Company, then in each case the Exercise Price shall be multiplied by
     a fraction of which the numerator shall be the number of shares of Common
     Stock (excluding treasury shares, if any) outstanding immediately before
     such event and of which the denominator shall be the number of shares of
     Common Stock outstanding immediately after such event and the number of
     shares issuable upon exercise of this Warrant shall be proportionately
     adjusted. Any adjustment made pursuant to this Section 3(a) shall become
     effective immediately after the record date for the determination of
     stockholders entitled to receive such dividend or distribution and shall
     become effective immediately after the effective date in the case of a
     subdivision, combination or re-classification.

                                       7
<PAGE>
          b) Subsequent Equity Sales. If the Company or any Subsidiary thereof,
     as applicable, at any time prior to the 6 month anniversary of the Initial
     Exercise Date, shall offer, sell, grant any option to purchase or offer,
     sell or grant any right to reprice its securities, or otherwise dispose of
     or issue (or announce any offer, sale, grant or any option to purchase or
     other disposition) any Common Stock or Common Stock Equivalents entitling
     any Person to acquire shares of Common Stock, at an effective price per
     share less than the then Exercise Price (such lower price, the "Base Share
     Price" and such issuances collectively, a "Dilutive Issuance"), as adjusted
     hereunder (if the holder of the Common Stock or Common Stock Equivalents so
     issued shall at any time, whether by operation of purchase price
     adjustments, reset provisions, floating conversion, exercise or exchange
     prices or otherwise, or due to warrants, options or rights per share which
     is issued in connection with such issuance, be entitled to receive shares
     of Common Stock at an effective price per share which is less than the
     Exercise Price, such issuance shall be deemed to have occurred for less
     than the Exercise Price on such date of the Dilutive Issuance), then the
     Exercise Price shall be reduced and only reduced to equal the Base Share
     Price and the number of Warrant Shares issuable hereunder shall be
     increased such that the aggregate Exercise Price payable hereunder, after
     taking into account the decrease in the Exercise Price, shall be equal to
     the aggregate Exercise Price prior to such adjustment. Such adjustment
     shall be made whenever such Common Stock or Common Stock Equivalents are
     issued. Notwithstanding the foregoing, no adjustments shall be made, paid
     or issued under this Section 3(b) in respect of an Exempt Issuance. The
     Company shall notify the Holder in writing, no later than the Trading Day
     following the issuance of any Common Stock or Common Stock Equivalents
     subject to this section, indicating therein the applicable issuance price,
     or of applicable reset price, exchange price, conversion price and other
     pricing terms (such notice the "Dilutive Issuance Notice"). For purposes of
     clarification, whether or not the Company provides a Dilutive Issuance
     Notice pursuant to this Section 3(b), upon the occurrence of any Dilutive
     Issuance, after the date of such Dilutive Issuance the Holder is entitled
     to receive a number of Warrant Shares based upon the Base Share Price
     regardless of whether the Holder accurately refers to the Base Share Price
     in the Notice of Exercise.

          c) Pro Rata Distributions. If the Company, at any time prior to the
     Termination Date, shall distribute to all holders of Common Stock (and not
     to Holders of the Warrants) evidences of its indebtedness or assets
     (including cash and cash dividends) or rights or warrants to subscribe for
     or purchase any security other than the Common Stock (which shall be
     subject to Section 3(b)), then in each such case the Exercise Price shall
     be adjusted by multiplying the Exercise Price in effect immediately prior
     to the record date fixed for determination of stockholders entitled to
     receive such distribution by a fraction of which the denominator shall be
     the VWAP determined as of the record date mentioned above, and of which the
     numerator shall be such VWAP on such record date less the then per share
     fair market value at such record date of the portion of such assets or
     evidence of indebtedness so distributed applicable to one outstanding share
     of the Common Stock as determined by the Board of Directors in good faith.
     In either case the adjustments shall be described in a statement provided
     to the Holder of the portion of assets or evidences of indebtedness so
     distributed or such subscription rights applicable to one share of Common
     Stock. Such adjustment shall be made whenever any such distribution is made
     and shall become effective immediately after the record date mentioned
     above.

                                       8
<PAGE>
          d) Fundamental Transaction. If, at any time while this Warrant is
     outstanding, (A) the Company effects any merger or consolidation of the
     Company with or into another Person, (B) the Company effects any sale of
     all or substantially all of its assets in one or a series of related
     transactions, (C) any tender offer or exchange offer (whether by the
     Company or another Person) is completed pursuant to which holders of Common
     Stock are permitted to tender or exchange their shares for other
     securities, cash or property, or (D) the Company effects any
     reclassification of the Common Stock or any compulsory share exchange
     pursuant to which the Common Stock is effectively converted into or
     exchanged for other securities, cash or property (in any such case, a
     "Fundamental Transaction"), then, upon any subsequent exercise of this
     Warrant, the Holder shall have the right to receive, for each Warrant Share
     that would have been issuable upon such exercise immediately prior to the
     occurrence of such Fundamental Transaction, at the option of the Holder,
     (a) upon exercise of this Warrant, the number of shares of Common Stock of
     the successor or acquiring corporation or of the Company, if it is the
     surviving corporation, and any additional consideration (the "Alternate
     Consideration") receivable upon or as a result of such reorganization,
     reclassification, merger, consolidation or disposition of assets by a
     Holder of the number of shares of Common Stock for which this Warrant is
     exercisable immediately prior to such event or (b) if the Company is
     acquired in an all cash transaction, cash equal to the value of this
     Warrant as determined in accordance with the Black-Scholes option pricing
     formula. For purposes of any such exercise, the determination of the
     Exercise Price shall be appropriately adjusted to apply to such Alternate
     Consideration based on the amount of Alternate Consideration issuable in
     respect of one share of Common Stock in such Fundamental Transaction, and
     the Company shall apportion the Exercise Price among the Alternate
     Consideration in a reasonable manner reflecting the relative value of any
     different components of the Alternate Consideration. If holders of Common
     Stock are given any choice as to the securities, cash or property to be
     received in a Fundamental Transaction, then the Holder shall be given the
     same choice as to the Alternate Consideration it receives upon any exercise
     of this Warrant following such Fundamental Transaction. To the extent
     necessary to effectuate the foregoing provisions, any successor to the
     Company or surviving entity in such Fundamental Transaction shall issue to
     the Holder a new warrant consistent with the foregoing provisions and
     evidencing the Holder's right to exercise such warrant into Alternate
     Consideration. The terms of any agreement pursuant to which a Fundamental
     Transaction is effected shall include terms requiring any such successor or
     surviving entity to comply with the provisions of this Section 3(d) and
     insuring that this Warrant (or any such replacement security) will be
     similarly adjusted upon any subsequent transaction analogous to a
     Fundamental Transaction.

                                       9
<PAGE>
          e) Calculations. All calculations under this Section 3 shall be made
     to the nearest cent or the nearest 1/100th of a share, as the case may be.
     For purposes of this Section 3, the number of shares of Common Stock deemed
     to be issued and outstanding as of a given date shall be the sum of the
     number of shares of Common Stock (excluding treasury shares, if any) issued
     and outstanding.

          f) Voluntary Adjustment By Company. The Company may at any time during
     the term of this Warrant reduce the then current Exercise Price to any
     amount and for any period of time deemed appropriate by the Board of
     Directors of the Company.

          g) Notice to Holders.

               i. Adjustment to Exercise Price. Whenever the Exercise Price is
          adjusted pursuant to this Section 3, the Company shall promptly mail
          to each Holder a notice setting forth the Exercise Price after such
          adjustment and setting forth a brief statement of the facts requiring
          such adjustment. If the Company issues a variable rate security,
          despite the prohibition thereon in the Purchase Agreement, the Company
          shall be deemed to have issued Common Stock or Common Stock
          Equivalents at the lowest possible conversion or exercise price at
          which such securities may be converted or exercised in the case of a
          Variable Rate Transaction (as defined in the Purchase Agreement).

               ii. Notice to Allow Exercise by Holder. If (A) the Company shall
          declare a dividend (or any other distribution) on the Common Stock;
          (B) the Company shall declare a special nonrecurring cash dividend on
          or a redemption of the Common Stock; (C) the Company shall authorize
          the granting to all holders of the Common Stock rights or warrants to
          subscribe for or purchase any shares of capital stock of any class or
          of any rights; (D) the approval of any stockholders of the Company
          shall be required in connection with any reclassification of the
          Common Stock, any consolidation or merger to which the Company is a
          party, any sale or transfer of all or substantially all of the assets
          of the Company, of any compulsory share exchange whereby the Common
          Stock is converted into other securities, cash or property; (E) the
          Company shall authorize the voluntary or involuntary dissolution,
          liquidation or winding up of the affairs of the Company; then, in each
          case, the Company shall cause to be mailed to the Holder at its last
          address as it shall appear upon the Warrant Register of the Company,
          at least 20 calendar days prior to the applicable record or effective
          date hereinafter specified, a notice stating (x) the date on which a
          record is to be taken for the purpose of such dividend, distribution,
          redemption, rights or warrants, or if a record is not to be taken, the
          date as of which the holders of the Common Stock of record to be
          entitled to such dividend, distributions, redemption, rights or

                                       10
<PAGE>
          warrants are to be determined or (y) the date on which such
          reclassification, consolidation, merger, sale, transfer or share
          exchange is expected to become effective or close, and the date as of
          which it is expected that holders of the Common Stock of record shall
          be entitled to exchange their shares of the Common Stock for
          securities, cash or other property deliverable upon such
          reclassification, consolidation, merger, sale, transfer or share
          exchange; provided that the failure to mail such notice or any defect
          therein or in the mailing thereof shall not affect the validity of the
          corporate action required to be specified in such notice. The Holder
          is entitled to exercise this Warrant during the 20-day period
          commencing on the date of such notice to the effective date of the
          event triggering such notice.

          h) Holder's Exchange Right. In addition to other adjustments
     hereunder, in the event the Company effects a Subsequent Financing that
     involves the issuance of Common Stock purchase warrants, the Holder may
     elect, in its sole discretion, to exchange all or some of the Warrants then
     held by such Holder (on a one for one basis based upon the number of
     Warrant Shares then underlying this Warrant) for any warrants issued in
     such Subsequent Financing. The Company shall provide each Holder notice of
     any such Subsequent Financing in the manner provided in Section 4.13 of the
     Purchase Agreement.

Section 4.        Transfer of Warrant.

          a) Transferability. Subject to compliance with any applicable
     securities laws and the conditions set forth in Sections 5(a) and 4(d)
     hereof and to the provisions of Section 4.1 of the Purchase Agreement, this
     Warrant and all rights hereunder are transferable, in whole or in part,
     upon surrender of this Warrant at the principal office of the Company,
     together with a written assignment of this Warrant substantially in the
     form attached hereto duly executed by the Holder or its agent or attorney
     and funds sufficient to pay any transfer taxes payable upon the making of
     such transfer. Upon such surrender and, if required, such payment, the
     Company shall execute and deliver a new Warrant or Warrants in the name of
     the assignee or assignees and in the denomination or denominations
     specified in such instrument of assignment, and shall issue to the assignor
     a new Warrant evidencing the portion of this Warrant not so assigned, and
     this Warrant shall promptly be cancelled. A Warrant, if properly assigned,
     may be exercised by a new holder for the purchase of Warrant Shares without
     having a new Warrant issued.

          b) New Warrants. This Warrant may be divided or combined with other
     Warrants upon presentation hereof at the aforesaid office of the Company,
     together with a written notice specifying the names and denominations in
     which new Warrants are to be issued, signed by the Holder or its agent or
     attorney. Subject to compliance with Section 4(a), as to any transfer which
     may be involved in such division or combination, the Company shall execute
     and deliver a new Warrant or Warrants in exchange for the Warrant or
     Warrants to be divided or combined in accordance with such notice.

                                       11
<PAGE>
          c) Warrant Register. The Company shall register this Warrant, upon
     records to be maintained by the Company for that purpose (the "Warrant
     Register"), in the name of the record Holder hereof from time to time. The
     Company may deem and treat the registered Holder of this Warrant as the
     absolute owner hereof for the purpose of any exercise hereof or any
     distribution to the Holder, and for all other purposes, absent actual
     notice to the contrary.

          d) Transfer Restrictions. If, at the time of the surrender of this
     Warrant in connection with any transfer of this Warrant, the transfer of
     this Warrant shall not be registered pursuant to an effective registration
     statement under the Securities Act and under applicable state securities or
     blue sky laws, the Company may require, as a condition of allowing such
     transfer (i) that the Holder or transferee of this Warrant, as the case may
     be, furnish to the Company a written opinion of counsel (which opinion
     shall be in form, substance and scope customary for opinions of counsel in
     comparable transactions) to the effect that such transfer may be made
     without registration under the Securities Act and under applicable state
     securities or blue sky laws, (ii) that the holder or transferee execute and
     deliver to the Company an investment letter in form and substance
     acceptable to the Company and (iii) that the transferee be an "accredited
     investor" as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7), or (a)(8)
     promulgated under the Securities Act or a qualified institutional buyer as
     defined in Rule 144A(a) under the Securities Act.

Section 5.        Miscellaneous.

          a) Title to Warrant. Prior to the Termination Date and subject to
     compliance with applicable laws and Section 4 of this Warrant, this Warrant
     and all rights hereunder are transferable, in whole or in part, at the
     office or agency of the Company by the Holder in person or by duly
     authorized attorney, upon surrender of this Warrant together with the
     Assignment Form annexed hereto properly endorsed. The transferee shall sign
     an investment letter in form and substance reasonably satisfactory to the
     Company.

          b) No Rights as Shareholder Until Exercise. This Warrant does not
     entitle the Holder to any voting rights or other rights as a shareholder of
     the Company prior to the exercise hereof. Upon the surrender of this
     Warrant and the payment of the aggregate Exercise Price (or by means of a
     cashless exercise), the Warrant Shares so purchased shall be and be deemed
     to be issued to such Holder as the record owner of such shares as of the
     close of business on the later of the date of such surrender or payment.

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

                                       12
<PAGE>
          d) Saturdays, Sundays, Holidays, etc. If the last or appointed day for
     the taking of any action or the expiration of any right required or granted
     herein shall be a Saturday, Sunday or a legal holiday, then such action may
     be taken or such right may be exercised on the next succeeding day not a
     Saturday, Sunday or legal holiday.

          e) Authorized Shares.

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

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

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

          f) Jurisdiction. All questions concerning the construction, validity,
     enforcement and interpretation of this Warrant shall be determined in
     accordance with the provisions of the Purchase Agreement.

                                       13
<PAGE>
          g) Restrictions. The Holder acknowledges that the Warrant Shares
     acquired upon the exercise of this Warrant, if not registered, will have
     restrictions upon resale imposed by state and federal securities laws.

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

          i) Notices. Any notice, request or other document required or
     permitted to be given or delivered to the Holder by the Company shall be
     delivered in accordance with the notice provisions of the Purchase
     Agreement.

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

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

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

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

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

                                       14
<PAGE>
          o) Headings. The headings used in this Warrant are for the convenience
     of reference only and shall not, for any purpose, be deemed a part of this
     Warrant.

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

                                       15
<PAGE>

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

Dated:  January ___, 2006

NAVSTAR MEDIA HOLDINGS, INC.

By:__________________________________________
     Name:
     Title:

                                       16
<PAGE>

                               NOTICE OF EXERCISE

TO:      NAVSTAR MEDIA HOLDINGS, INC.

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

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

                           [ ] in lawful money of the United States; or

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

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

      -------------------------------------------------------

The Warrant Shares shall be delivered to the following:

      -------------------------------------------------------

      -------------------------------------------------------

      -------------------------------------------------------

     (4) Accredited Investor. The undersigned is an "accredited investor" as
defined in Regulation D promulgated under the Securities Act of 1933, as
amended.

[SIGNATURE OF HOLDER]

Name of Investing Entity: ____________________________________________________
Signature of Authorized Signatory of Investing Entity: _______________________
Name of Authorized Signatory: ________________________________________________
Title of Authorized Signatory: _______________________________________________
Date: ________________________________________________________________________

<PAGE>

                                 ASSIGNMENT FORM

                    (To assign the foregoing warrant, execute
                   this form and supply required information.
                 Do not use this form to exercise the warrant.)

     FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby
are hereby assigned to

_______________________________________________ whose address is

_______________________________________________________________.

_______________________________________________________________

                                         Dated:  ______________, _______

      Holder's Signature: _____________________________

      Holder's Address:_____________________________

                       _____________________________

Signature Guaranteed:  ___________________________________________

NOTE: The signature to this Assignment Form must correspond with the name as it
appears on the face of the Warrant, without alteration or enlargement or any
change whatsoever, and must be guaranteed by a bank or trust company. Officers
of corporations and those acting in a fiduciary or other representative capacity
should file proper evidence of authority to assign the foregoing Warrant.

<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]