Document:

Exhibit 10.7

                  REGISTRATION RIGHTS AGREEMENT
               (Warrant Shares & Restricted Shares)

      THIS REGISTRATION RIGHTS AGREEMENT, dated as of August 14, 2001 (this
"Agreement"), is made by and between FLEXXTECH CORPORATION a Nevada
corporation, with headquarters located at 5777 W. Century Boulevard, Suite
767, Los Angeles, CA 94010 (the "Company"), and the persons respectively named
on Schedule A annexed hereto (the "Holders").

                       W I T N E S S E T H:

      WHEREAS, pursuant to the terms and subject to the conditions of the
Securities Purchase Agreement, dated as of August 14, 2001, between the Buyers
and the Company (the "Securities Purchase Agreement"; terms not otherwise
defined herein shall have the meanings ascribed to them in the Securities
Purchase Agreement), the Company has agreed to issue to the Holders or their
designee(s) warrants (the "MD Warrants") to purchase 300,000 shares of the
Company's Common Stock, par value $.001 per share (the "Common Stock"); and

      WHEREAS, pursuant to the Equity Line of Credit Agreement (the "Line of
Credit Agreement"), dated as of August 14, 2001, between the Company and the
investors named therein, the Company has agreed to deliver to the Holders
certain shares of Common Stock (the "MD Restricted Shares"); and

      WHEREAS, pursuant to the Securities Purchase Agreement and the Line of
Credit Agreement, the Company has agreed to provide certain registration
rights under the Securities Act of 1933, as amended, and the rules and
regulations thereunder, or any similar successor statute (collectively, the
"Securities Act"), with respect to the MD Restricted Shares and the shares of
Common Stock that underlie the MD Warrants (the "Registrable Securities");

      NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company and the
Holders hereby agree as follows:

      1.  Definitions.  As used in this Agreement, the following terms shall
have the following meanings:

      (a)  "Holders" means the Holders and any permitted transferee or
assignee who agrees to become bound by the provisions of this Agreement in
accordance with Section 9 hereof and who holds MD Warrants or Registrable
Securities.

      (b)  "Potential Material Event" means any of the following: (i) the
possession by the Company of material information not ripe for disclosure in a
registration statement, which shall be evidenced by determinations in good
faith by the Board of Directors of the Company that disclosure of such
information in the registration statement would be detrimental to the business
and affairs of the Company; or (ii) any material engagement or activity by the
Company which would, in the good faith determination of the Board of Directors
of the Company, be adversely affected by disclosure in a registration
statement at such time, which determination shall be accompanied by a good
faith determination by the Board of Directors of the Company that the
registration statement would be materially misleading absent the inclusion of
such information.

      (c)  "Register," "Registered," and "Registration" refer to a
registration effected by preparing and filing a Registration Statement or
Statements in compliance with the Securities Act and pursuant to Rule 415
under the Securities Act or any successor rule providing for offering
securities on a continuous basis ("Rule 415"), and the declaration or ordering
of effectiveness of such Registration Statement by the SEC.

      (d)  "Registrable Securities" means the Restricted Shares and the shares
of Common Stock that underlie the Warrants.

      (e)  "Registration Statement" means a registration statement of the
Company under the Securities Act.

      (f)  "SEC" means the United States Securities and Exchange Commission.

      2.  Registration.

      (a)  Mandatory Registration.

           (i)  The Company shall prepare and file with the SEC, as soon as
possible after the Closing Date and no later than thirty (30) days following
the Closing Date (the "Required Filing Date"), either a Registration Statement
or an amendment to an existing Registration Statement, in either event
registering for resale by the Holders a sufficient number of shares of Common
Stock for the Holders to sell the Registrable Securities (or such lesser
number as may be required by the SEC, but in no event less than one hundred
fifty percent (150%) of the aggregate number of shares  (A) into which the
relevant Warrants would be convertible at the time of filing of such
Registration Statement (assuming for such purposes that all such Warrants had
been eligible to be converted, and had been converted, into Registrable
Securities in accordance with their terms, whether or not such accrual of
interest, eligibility or conversion had in fact occurred as of such date).
The Registration Statement (W) shall include the Registrable Securities and
(X) shall also state that, in accordance with Rule 416 and 457 under the
Securities Act, it also covers such indeterminate number of additional shares
of Common Stock as may become issuable upon conversion of the Warrants to
prevent dilution resulting from stock splits or stock dividends. The Company
will use its reasonable efforts to cause such Registration Statement to be
declared effective on a date (a "Required Effective Date") no later than
ninety (90) days after the Closing Date.

           (ii)  If at any time (an "Increased Registered Shares Date"), the
number of shares of Common Stock represented by the Registrable Securities,
issued or to be issued as contemplated by the Transaction Agreements, exceeds
the aggregate number of shares of Common Stock then registered, the Company
shall, within ten (10) business days after receipt of a written notice from
any Holders, either (X) amend the relevant Registration Statement filed by the
Company pursuant to the preceding provisions of this Section 2, if such
Registration Statement has not been declared effective by the SEC at that
time, to register one hundred ten percent (110%) of such Registrable Shares,
computed as contemplated by the immediately preceding subparagraph (i), or (Y)
if such Registration Statement has been declared effective by the SEC at that
time, file with the SEC an additional Registration Statement (an "Additional
Registration Statement") to register one hundred ten percent (110%) of the
shares of Common Stock represented by the Registrable Shares, computed as
contemplated by the immediately preceding subparagraph (i),  that exceed the
aggregate number of shares of Common Stock already registered.  The Company
will use its reasonable efforts to cause the amended Registration Statement or
the Additional Registration Statement, as the case may be, to be declared
effective on a date (a "Required Effective Date") which is no later than
ninety (90) days after the Increased Registered Shares Date.

      (b)  Payments by the Company.

           (i)  If the Registration Statement covering the Registrable
Securities is not filed with the SEC by the Required Filing Date, the Company
will make payments to the Holders in such amounts and at such times as shall
be determined pursuant to this Section 2(b).

           (ii)  If the Company does not respond to comments issued by the SEC
within five (5) business days of first receipt thereof by the Company or its
counsel, then the Company will make payments to the Holders in such amounts
and at such times as shall be determined pursuant to this Section 2(b).

           (iii)  If either the conditions set forth in Sections 2(b)(i) or
2(b)(ii) are not satisfied as required thereby, then within three (3) days
after the end of the time periods referenced in Sections 2(b)(i) or 2(b)(ii)
(the third such date being referred to as the "Set Date"), as the case may be,
the Company shall immediately pay to the Holders without demand therefore a
cash amount equal to 2% per month of aggregate market value (computed at the
market price then prevailing) of the Registrable Securities and, until such
time as the actions required by Sections 2(b)(i) or 2(b)(ii), as the case may
be, shall have been taken, the same amount shall accrue and become payable to
the Investors within three days on the same day as the Set Date of each
subsequent month until such Sections shall have been complied with.  In light
of the difficulty of ascertaining the amount of damage that the Holders will
suffer as a result of the Company's failure to comply therewith, all amounts
payable under this Section shall be payable as liquidated damages, and not as
a penalty.  The Company shall keep the registration statement effective
throughout the period during which the life of the Registrable Securities are
issued and outstanding.

           (iv)  The parties acknowledge that the damages which may be
incurred by the Holders if the Registration Statement is not filed by the
Required Filing Date or if the Registration Statement has not been declared
effective by a Required Effective Date, including if the right to sell
Registrable Securities under a previously effective Registration Statement is
suspended, may be difficult to ascertain.  The parties agree that the Periodic
Amounts represent a reasonable estimate on the part of the parties, as of the
date of this Agreement, of the amount of such damages, and shall be the
exclusive remedy.

           (v)  Notwithstanding the foregoing, the amounts payable by the
Company pursuant to this provision shall not be payable to the extent any
delay in the effectiveness of the Registration Statement occurs because of an
act of, or a failure to act or to act timely by the Holders or their counsel,
or in the event all of the Registrable Securities may be sold pursuant to Rule
144 or another available exemption under the Act.

      3.  Obligations of the Company.  In connection with the registration of
the Registrable Securities, the Company shall do each of the following:

      (a)  Prepare promptly, and file with the SEC by the Required Filing Date
a Registration Statement with respect to not less than the number of
Registrable Securities provided in Section 2(a) above, and thereafter use its
reasonable efforts to cause such Registration Statement relating to
Registrable Securities to become effective as promptly as possible and keep
the Registration Statement effective at all times during the period (the
"Registration Period") continuing until the earliest of (i) the date that is
five (5) years after the last day of the calendar month following the month in
which the Effective Date occurs, (ii) the date when the Holders may sell all
Registrable Securities under Rule 144, or (iii) the date the Holders no longer
hold any of the Registrable Securities, which Registration Statement
(including any amendments or supplements thereto and prospectuses contained
therein) shall not contain any 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 in which they were made, not
misleading;

      (b)  Prepare and file with the SEC such amendments (including
post-effective amendments) and supplements to the Registration Statement and
the prospectus used in connection with the Registration Statement as may be
necessary to keep the Registration Statement effective at all times during the
Registration Period, and, during the Registration Period, comply with the
provisions of the Securities Act with respect to the disposition of all
Registrable Securities of the Company covered by the Registration Statement
until such time as all of such Registrable Securities have been disposed of in
accordance with the intended methods of disposition by the seller or sellers
thereof as set forth in the Registration Statement;

      (c)   The Company shall permit a single firm of counsel designated by
the Holders to review the Registration Statement and all amendments and
supplements thereto a reasonable period of time (but not less than three (3)
business days) prior to their filing with the SEC, and not file any document
in a form to which such counsel reasonably objects.  If such counsel objects,
the Required Filing Date shall be extended by the number of days from the date
the Registration Statement was delivered to such counsel to the date such
counsel no longer objects;

      (d)   Notify each Holder, such Holders' legal counsel identified to the
Company  (which, until further written notice, shall be deemed to be
McGuireWoods LLP, 9 West 57th Street, Suite 1620, New York, NY 10019, ATTN:
William A. Newman, Esq.; (the "Holders' Counsel")), and any managing
underwriters immediately (and, in the case of (i)(A) below, not less than five
(5) days prior to such filing) and (if requested by any such Person) confirm
such notice in writing no later than one (1) business day following the day
(i)(A) when a Prospectus or any Prospectus supplement or post-effective
amendment to the Registration Statement is proposed to be filed; (B) whenever
the SEC notifies the Company whether there will be a "review" of  Registration
Statement; (C) whenever the Company receives (or a representative of the
Company receives on its behalf) any oral or written comments from the SEC
relating to a Registration Statement (copies or, in the case of oral comments,
summaries of such comments shall be promptly furnished by the Company to the
Holders); and (D) with respect to the Registration Statement or any
post-effective amendment, when the same has become effective; (ii) of any
request by the SEC or any other Federal or state governmental authority for
amendments or supplements to the Registration Statement or Prospectus or for
additional information; (iii) of the issuance by the SEC of any stop order
suspending the effectiveness of the Registration Statement covering any or all
of the Registrable Securities or the initiation of any Proceedings for that
purpose; (iv) if at any time any of the representations or warranties of the
Company contained in any agreement (including any underwriting agreement)
contemplated hereby ceases to be true and correct in all material respects;
(v) 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; and (vi) of the occurrence of
any event that to the best knowledge of the Company makes any statement made
in the 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 the Registration Statement, Prospectus or
other documents so that, in the case of the 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.  In addition, the Company shall
furnish the Holders with copies of all intended written responses to the
comments contemplated in clause (C) of this Section 3(d) not later than one
(1) business day in advance of the filing of such responses with the SEC so
that the Holders shall have the opportunity to comment thereon;

      (e)  Furnish to each Holder and such Holder's Counsel (i) promptly after
the same is prepared and publicly distributed, filed with the SEC, or received
by the Company, one (1) copy of the Registration Statement, each preliminary
prospectus and prospectus, and each amendment or supplement thereto, and (ii)
such number of copies of a prospectus, and all amendments and supplements
thereto and such other documents, as such Holder may reasonably request in
order to facilitate the disposition of the Registrable Securities owned by
such Holder;

      (f)  As promptly as practicable after becoming aware thereof, notify
each Holder of the happening of any event of which the Company has actual
knowledge, as a result of which the prospectus included in the Registration
Statement, as then in effect, includes an untrue statement of a material fact
or omits 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, and use its best efforts promptly to prepare a
supplement or amendment to the Registration Statement or other appropriate
filing with the SEC to correct such untrue statement or omission, and deliver
a number of copies of such supplement or amendment to each Holder as such
Holder may reasonably request;

      (g)  As promptly as practicable after becoming aware thereof, notify
each Holder who holds Registrable Securities being sold (or, in the event of
an underwritten offering, the managing underwriters) of the issuance by the
SEC of a Notice of Effectiveness or any notice of effectiveness or any stop
order or other suspension of the effectiveness of the Registration Statement
at the earliest possible time;

      (h)  Notwithstanding the foregoing, if at any time or from time to time
after the date of effectiveness of the Registration Statement, the Company
notifies the Holders in writing of the existence of a Potential Material
Event, the Holders shall not offer or sell any Registrable Securities, or
engage in any other transaction involving or relating to the Registrable
Securities, from the time of the giving of notice with respect to a Potential
Material Event until such Holder receives written notice from the Company that
such Potential Material Event either has been disclosed to the public or no
longer constitutes a Potential Material Event; provided, however, that the
Company may not so suspend the right to such holders of Registrable Securities
for more than two twenty (20) business day periods in the aggregate during any
12-month period ("Suspension Period") with at least a ten (10) business day
interval between such periods, during the periods the Registration Statement
is required to be in effect;

      (i)  Use its reasonable efforts to secure and maintain the designation
of all the Registrable Securities covered by the Registration Statement on the
NASDAQ/National Market System or the "OTC Bulletin Board Market" of the
National Association of Securities Dealers Automated Quotations System
("NASDAQ") within the meaning of Rule 11Aa2-1 of the SEC under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and the quotation of
the Registrable Securities on The NASDAQ National Market System; and further
use its best efforts to arrange for at least two market makers to register
with the National Association of Securities Dealers, Inc. ("NASD") as such
with respect to such Registrable Securities;

      (j)  Provide a transfer agent and registrar, which may be a single
entity, for the Registrable Securities not later than three (3) business days
after the effective date of the Registration Statement;

      (k)  Cooperate with the Holders to facilitate the timely preparation and
delivery of certificates for the Registrable Securities to be offered pursuant
to the Registration Statement and enable such certificates for the Registrable
Securities to be in such denominations or amounts as the case may be, as the
Holders may reasonably request, and, within three (3) business days after a
Registration Statement which includes Registrable Securities is ordered
effective by the SEC, the Company shall deliver, and shall cause legal counsel
selected by the Company to deliver, to the transfer agent for the Registrable
Securities (with copies to the Holders whose Registrable Securities are
included in such Registration Statement) an appropriate instruction and
opinion of such counsel;

      (l)  Take all other reasonable actions necessary to expedite and
facilitate disposition by the Holders of the Registrable Securities pursuant
to the Registration Statement; and

      (m)  Not take or omit to take, any actions that would preclude the
filing or effectiveness of the Registration Statement or require the
withdrawal of the Registration Statement.

      4.  Obligations of the Holders.  In connection with the registration of
the Registrable Securities, the Holders shall have the following obligations:

      (a)  It shall be a condition precedent to the obligations of the Company
to complete the registration pursuant to this Agreement with respect to the
Registrable Securities of a particular Holder that such Holder shall furnish
to the Company such information regarding itself, the Registrable Securities
held by it, and the intended method of disposition of the Registrable
Securities held by it, as shall be reasonably required to effect the
registration of such Registrable Securities and shall execute such documents
in connection with such registration as the Company may reasonably request.
At least ten (10) days prior to the first anticipated filing date of the
Registration Statement, the Company shall notify each Holder of the
information the Company requires from each such Holder (the "Requested
Information") if such Holder elects to have any of such Holder's Registrable
Securities included in the Registration Statement.  If at least two (2)
business days prior to the filing date the Company has not received the
Requested Information from a Holder (a "Non-Responsive Holder"), then the
Company may file the Registration Statement without including Registrable
Securities of such Non-Responsive Holder;

      (b)  Each Holder, by such Holder's acceptance of the Registrable
Securities, agrees to cooperate with the Company as reasonably requested by
the Company in connection with the preparation and filing of the Registration
Statement hereunder, unless such Holder has notified the Company in writing of
such Holder's election to exclude all of such Holder's Registrable Securities
from the Registration Statement; and

      (c)  Each Holder agrees that, upon receipt of any notice from the
Company of the happening of any event of the kind described in Section 3(e) or
3(f), above, such Holder will immediately discontinue disposition of
Registrable Securities pursuant to the Registration Statement covering such
Registrable Securities until such Holder's receipt of the copies of the
supplemented or amended prospectus contemplated by Section 3(e) or 3(f) and,
if so directed by the Company, such Holder shall deliver to the Company (at
the expense of the Company) or destroy (and deliver to the Company a
certificate of destruction) all copies in such Holder's possession, of the
prospectus covering such Registrable Securities current at the time of receipt
of such notice.

      (d)  Each holder of Registrable Securities that sells Registrable
Securities pursuant to a registration under this Agreement agrees that in
connection with registration as follows:

           (i)  Such seller shall cooperate as reasonably requested by the
Company with the Company in connection with the preparation of the
registration statement, and for as long as the Company is obligated to file
and keep effective the registration statement, shall provide to the Company,
in writing, for use in the registration statement, all such information
regarding such seller and its plan of distribution of the Registrable
Securities as may reasonably be necessary to enable the Company to prepare the
registration statement and prospectus covering the Registrable Securities, to
maintain the currency and effectiveness thereof and otherwise to comply with
all applicable requirements of law in connection therewith; and

           (ii)  During such time as such seller may be engaged in a
distribution of the Registrable Securities, such seller shall comply with
Rules 10b-6 and 10b-7 promulgated under the Securities Exchange Act and
pursuant thereto it shall, among other things; (x) not engage in any
stabilization activity in connection with the securities of the Company in
contravention of such rules; (y) distribute the Registrable Securities under
the registration statement solely in the manner described in the registration
statement; and (z) cease distribution of such Registrable Securities pursuant
to such registration statement upon written notice from the Company that the
prospectus covering the Registrable Securites contains any untrue statement of
a material fact required to be stated therein or necessary to make the
statements therein not misleading.

      5.  Expenses of Registration.  (a)  All reasonable expenses (other than
underwriting discounts and commissions of the Holders) incurred in connection
with registrations, filings or qualifications pursuant to Section 2 and 3, but
including, without limitation, all registration, listing, and qualifications
fees, printers, legal and accounting fees, the fees and disbursements of
counsel for the Company and a fee for a single counsel for the Holders (as a
group and not individually) not exceeding $10,000 for the Registration
Statement covering the Registrable Securities applicable to the Warrants
issued on the Closing Date shall be borne by the Company.

      (b)  Neither the Company nor any of its subsidiaries has, as of the date
hereof, nor shall the Company nor any of its subsidiaries, on or after the
date of this Agreement, entered into any agreement with respect to its
securities that is inconsistent with the rights granted to the Holders in this
Agreement or otherwise conflicts with the provisions hereof.  Except as
disclosed in the Securities Purchase Agreement or the other documents entered
into simultaneously therewith, 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.  Without limiting the
generality of the foregoing, without the written consent of the Holders
holding a majority of the Registrable Securities, the Company shall not grant
to any person the right to request the Company to register any securities of
the Company under the Securities Act unless the rights so granted are subject
in all respects to the prior rights in full of the Holders set forth herein,
and are not otherwise in conflict or inconsistent with the provisions of this
Agreement and the other Transaction Agreements.

      6.  Indemnification.  In the event any Registrable Securities are
included in a Registration Statement under this Agreement:

      (a)  To the extent permitted by law, the Company will indemnify and hold
harmless each Holder who holds such Registrable Securities, the directors,
managers and members, if any, of such Holder, the officers, if any, of such
Holder, and each person, if any, who controls any Holder within the meaning of
the Securities Act or the Exchange Act (each, an "Indemnified Person" or
"Indemnified Party"), against any losses, claims, damages, liabilities or
expenses (joint or several) incurred (collectively, "Claims") to which any of
them may become subject under the Securities Act, the Exchange Act or
otherwise, insofar as such Claims (or actions or proceedings, whether
commenced or threatened, in respect thereof) arise out of or are based upon
any of the following statements, omissions or violations in the Registration
Statement, or any post-effective amendment thereof, or any prospectus included
therein: (i) any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement or any post-effective amendment
thereof or the omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, (ii) any untrue statement or alleged untrue statement of a
material fact contained in the final prospectus (as amended or supplemented,
if the Company files any amendment thereof or supplement thereto with the SEC)
or the omission or alleged omission to state therein any material fact
necessary to make the statements made therein, in light of the circumstances
under which the statements therein were made, not misleading or (iii) any
violation or alleged violation by the Company of the Securities Act, the
Exchange Act, any state securities law or any rule or regulation under the
Securities Act, the Exchange Act or any state securities law (the matters in
the foregoing clauses (i) through (iii) being, collectively, "Violations").
Subject to clause (b) of this Section 6, the Company shall reimburse the
Holders, promptly as such expenses are incurred and are due and payable, for
any legal fees or other reasonable expenses incurred by them in connection
with investigating or defending any such Claim.  Notwithstanding anything to
the contrary contained herein, the indemnification agreement contained in this
Section 6(a) shall not (I) apply to a Claim arising out of or based upon a
Violation which occurs in reliance upon and in conformity with information
furnished in writing to the Company by or on behalf of any Indemnified Person
expressly for use in connection with the preparation of the Registration
Statement or any such amendment thereof or supplement thereto, if such
prospectus was timely made available by the Company pursuant to Section 3(c)
hereof;  (II) be available to the extent such Claim is based on a failure of
the Holders to deliver or cause to be delivered the prospectus made available
by the Company;  (III) apply to amounts paid in settlement of any Claim if
such settlement is effected without the prior written consent of the Company,
which consent shall not be unreasonably withheld; or (IV) apply to any
violation or alleged violation by an Indemnified Person of the Securities Act,
the Exchange Act, any state securities laws or any rule or regulation under
the Securities Act, the Exchange Act, or any state securities laws.   Each
Holder will indemnify the Company and its officers, directors and agents
(each, an "Indemnified Person" or "Indemnified Party") against any claims
arising out of or based upon a Violation which occurs in reliance upon and in
conformity with information furnished in writing to the Company, by or on
behalf of such Holder, expressly for use in connection with the preparation of
the Registration Statement, subject to such limitations and conditions as are
applicable to the Indemnification provided by the Company to this Section 6.
Such indemnity shall remain in full force and effect regardless of any
investigation made by or on behalf of the Indemnified Person and shall survive
the transfer of the Registrable Securities by the Holders pursuant to Section
9.

      (b)  Promptly after receipt by an Indemnified Person or Indemnified
Party under this Section 6 of notice of the commencement of any action
(including any governmental action), such Indemnified Person or Indemnified
Party shall, if a Claim in respect thereof is to be made against any
indemnifying party under this Section 6, deliver to the indemnifying party a
written notice of the commencement thereof and the indemnifying party shall
have the right to participate in, and, to the extent the indemnifying party so
desires, jointly with any other indemnifying party similarly noticed, to
assume control of the defense thereof with counsel mutually satisfactory to
the indemnifying party and the Indemnified Person or the Indemnified Party, as
the case may be.  In case any such action is brought against any Indemnified
Person or Indemnified Party, and it notifies the indemnifying party of the
commencement thereof, the indemnifying party will be entitled to participate
in, and, to the extent that it may wish, jointly with any other indemnifying
party similarly notified, assume the defense thereof, subject to the
provisions herein stated and after notice from the indemnifying party to such
Indemnified Person or Indemnified Party of its election so to assume the
defense thereof, the indemnifying party will not be liable to such Indemnified
Person or Indemnified Party under this Section 6 for any legal or other
reasonable out-of-pocket expenses subsequently incurred by such Indemnified
Person or Indemnified Party in connection with the defense thereof other than
reasonable costs of investigation, unless the indemnifying party shall not
pursue the action to its final conclusion.  The Indemnified Person or
Indemnified Party shall have the right to employ separate counsel in any such
action and to participate in the defense thereof, but the fees and reasonable
out-of-pocket expenses of such counsel shall not be at the expense of the
indemnifying party if the indemnifying party has assumed the defense of the
action with counsel reasonably satisfactory to the Indemnified Person or
Indemnified Party. The failure to deliver written notice to the indemnifying
party within a reasonable time of the commencement of any such action shall
not relieve such indemnifying party of any liability to the Indemnified Person
or Indemnified Party under this Section 6, except to the extent that the
indemnifying party is prejudiced in its ability to defend such action.  The
indemnification required by this Section 6 shall be made by periodic payments
of the amount thereof during the course of the investigation or defense, as
such expense, loss, damage or liability is incurred and is due and payable.

      7.  Contribution.  To the extent any indemnification by an indemnifying
party is prohibited or limited by law, the indemnifying party agrees to make
the maximum contribution with respect to any amounts for which it would
otherwise be liable under Section 6 to the fullest extent permitted by law;
provided, however, that (a) no contribution shall be made under circumstances
where the maker would not have been liable for indemnification under the fault
standards set forth in Section 6; (b) no seller of Registrable Securities
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution from any seller of
Registrable Securities who was not guilty of such fraudulent
misrepresentation; and (c) contribution by any seller of Registrable
Securities shall be limited in amount to the net amount of proceeds received
by such seller from the sale of such Registrable Securities.

      8.  Reports under Exchange Act.  With a view to making available to the
Holders the benefits of Rule 144 promulgated under the Securities Act or any
other similar rule or regulation of the SEC that may at any time permit the
Holders to sell securities of the Company to the public without registration
("Rule 144"), the Company agrees to:

       (a)  make and keep public information available, as those terms are
understood and defined in Rule 144;

       (b)  file with the SEC in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange
Act;

       (c)  furnish to each Holder so long as such Holder owns Registrable
Securities, promptly upon request, (i) a written statement by the Company that
it has complied with the reporting requirements of Rule 144, the Securities
Act and the Exchange Act, (ii) a copy of the most recent annual or quarterly
report of the Company and such other reports and documents so filed by the
Company and (iii) such other information as may be reasonably requested to
permit the Holders to sell such securities pursuant to Rule 144 without
registration; and

      (d)  cause its counsel to deliver to its transfer agent such opinions of
law as shall be required to remove restrictive legends on the shares to be
sold.

      9.  Assignment of the Registration Rights.  The rights to have the
Company register Registrable Securities pursuant to this Agreement shall be
automatically assigned by the Holders to any transferee of the Registrable
Securities (or all or any portion of any unconverted Debenture) only if:  (a)
the Holder agrees in writing with the transferee or assignee to assign such
rights, and a copy of such agreement is furnished to the Company within a
reasonable time after such assignment, (b) the Company is, within a reasonable
time after such transfer or assignment, furnished with written notice of (i)
the name and address of such transferee or assignee and (ii) the securities
with respect to which such registration rights are being transferred or
assigned, (c) immediately following such transfer or assignment the further
disposition of such securities by the transferee or assignee is restricted
under the Securities Act and applicable state securities laws, and (d) at or
before the time the Company received the written notice contemplated by clause
(b) of this sentence the transferee or assignee agrees in writing with the
Company to be bound by all of the provisions contained herein.  In the event
of any delay in filing or effectiveness of the Registration Statement as a
result of such assignment, the Company shall not be liable for any damages
arising from such delay, or the payments set forth in Section 2(c) hereof
arising from such delay.

      10.  Amendment of Registration Rights.  Any provision of this Agreement
may be amended and the observance thereof may be waived (either generally or
in a particular instance and either retroactively or prospectively), only with
the written consent of the Company and Holders who hold a fifty (50%) percent
interest of the Registrable Securities.  Any amendment or waiver effected in
accordance with this Section 10 shall be binding upon each Holder and the
Company.

      11.  Miscellaneous.

      (a)  A person or entity is deemed to be a holder of Registrable
Securities whenever such person or entity owns of record such Registrable
Securities.  If the Company receives conflicting instructions, notices or
elections from two or more persons or entities with respect to the same
Registrable Securities, the Company shall act upon the basis of instructions,
notice or election received from the registered owner of such Registrable
Securities.

      (b)  Notices required or permitted to be given hereunder shall be given
in the manner contemplated by the Securities Purchase Agreement, at the
following addresses or at such other address as each such party furnishes by
notice given in accordance with this Section 11(b):

COMPANY:      FLEXXTECH CORPORATION
              5777 W. Century Boulevard, Suite 767
              Los Angeles, CA 94010
              ATTN:  Greg Mardock
              Telephone No.: (310) 342-0794
              Telecopier No.: (310) 342-0791

              with a copy to:

              Bell, Nunnally & Martin LLP
              3232 McKinney Avenue
              Suite 1400
              Dallas, TX  75204-2429
              ATTN:  William  E. Swart, Esq.
              Telephone No.: (214) 740-1400
              Telecopier No.: (214) 740-1499

HOLDERS:      Notice to all Holders in care of:

              May Davis Group, Inc.
              c/o National Securities
              28th Floor
              120 Broadway
              New York, New York 10271
              Attention: Mr. Hunter Singer

              with a copy to:

              McGuireWoods, LLP
              Nine West 57th Street
              Suite 1620
              New York, New York 10019
              ATTN:  William A. Newman, Esq.
              Telephone No.: (212) 548-2160
              Telecopier No.: (212) 548-2150

      (c)  Failure of any party to exercise any right or remedy under this
Agreement or otherwise, or delay by a party in exercising such right or
remedy, shall not operate as a waiver thereof.

      (d)  This Agreement shall be governed by and interpreted in accordance
with the laws of the State of New York for contracts to be wholly performed in
such state and without giving effect to the principles thereof regarding the
conflict of laws.  Each of the parties consents to the jurisdiction of the
federal courts whose districts encompass any part of the City of New York or
the state courts of the State of New York sitting in the City of New York in
connection with any dispute arising under this Agreement and hereby waives, to
the maximum extent permitted by law, any objection, including any objection
based on forum non coveniens, to the bringing of any such proceeding in such
jurisdictions.  To the extent determined by such court, the Company shall
reimburse the Holders for any reasonable legal fees and disbursements incurred
by the Holders in enforcement of or protection of any of its rights under this
Agreement.

      (e)  If any provision of this Agreement shall be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability shall
not affect the validity or enforceability of the remainder of this Agreement
or the validity or enforceability of this Agreement in any other jurisdiction.

      (f)  Subject to the requirements of Section 9 hereof, this Agreement
shall inure to the benefit of and be binding upon the successors and assigns
of each of the parties hereto.

      (g)  All pronouns and any variations thereof refer to the masculine,
feminine or neuter, singular or plural, as the context may require.

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

      (i)  This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original but all of which shall constitute one and
the same agreement.  This Agreement, once executed by a party, may be
delivered to the other party hereto by telephone line facsimile transmission
of a copy of this Agreement bearing the signature of the party so delivering
this Agreement.

      (j)  The Company acknowledges that any failure by the Company to perform
its obligations under Section 3(a) hereof, or any delay in such performance
could result in loss to the Holders, and the Company agrees that, in addition
to any other liability the Company may have by reason of such failure or
delay, the Company shall be liable for all direct damages caused by any such
failure or delay, unless the same is the result of force majeure.  Neither
party shall be liable for consequential damages.

      (k)  This Agreement constitutes the entire agreement among the parties
hereto with respect to the subject matter hereof.  There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred
to herein.  This Agreement supersedes all prior agreements and understandings
among the parties hereto with respect to the subject matter hereof. This
Agreement may be amended only by an instrument in writing signed by the party
to be charged with enforcement thereof.

      IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed by their respective officers thereunto duly authorized as of the day
and year first above written.

COMPANY:

FLEXXTECH CORPORATION

By:
Name:  Greg Mardock
Title:    President

HOLDERS:

_______________________________________________

_______________________________________________
________________________________________________

________________________________________________

_______________________________________

_______________________________________

_______________________________________

_______________________________________<PAGE>

                                  EXHIBIT 10.1

                     (Agreement and Plan of Share Exchange)

<PAGE>

                      AGREEMENT AND PLAN OF SHARE EXCHANGE

                                     BETWEEN

                        AMERICAN CONSOLIDATED MINING CO.

                                       AND

                              RENAISSANCE MAN, INC.

<PAGE>

                                TABLE OF CONTENTS

         1. Plan of Share Exchange..........................................1

         2. Exchange of Shares..............................................1

         3. Pre-Closing Events..............................................2

         4. Exchange of Securities..........................................2

         5. Post Acquisition Events.........................................2

         6. Other Matters...................................................3

         7. Delivery of Shares..............................................3

         8. Representations of RMI Shareholders.............................3

         9. Representations of RMI..........................................4

         10. Representations of ACMC........................................6

         11. Closing........................................................7

         12. Conditions Precedent to the Obligations of RMI.................8

         13. Conditions Precedent to the Obligations of ACMC ...............9

         14. Indemnification...............................................10

         15. Nature and Survival of Representations........................10

         16. Documents at Closing..........................................11

         17. Finder's Fees.................................................12

         18. Confidentiality...............................................12

         19. Miscellaneous.................................................13

Exhibit A - RMI Stockholder Schedule
Exhibit B - Amendment to Articles of Incorporation
Exhibit C - Investment Letter

<PAGE>

                      AGREEMENT AND PLAN OF SHARE EXCHANGE

         This Agreement and Plan of Share Exchange (hereinafter the "Agreement")
is entered into effective as of this 14th day of July, 2001, by and among
American Consolidated Mining Co., a Utah corporation (hereinafter "ACMC"),
Renaissance Man, Inc., a Texas corporation (hereinafter "RMI") and the owners of
all the outstanding shares of common stock of RMI (hereinafter the "RMI
Stockholders").

                                    RECITALS:

         WHEREAS, the RMI Stockholders own 9,350,000 shares of RMI common stock
which represents all of the issued and outstanding shares of RMI (the "RMI
Common Stock"). ACMC desires to acquire the RMI Common Stock solely in exchange
for voting common stock of ACMC, making RMI a wholly-owned subsidiary of ACMC;
and

         WHEREAS, the RMI Stockholders (as set forth on the attached Exhibit
"A") desire to acquire voting common stock of ACMC in exchange for the RMI
Common Stock, as more fully set forth herein.

         NOW THEREFORE, for the mutual consideration set out herein and other
good and valuable consideration, the legal sufficiency of which is hereby
acknowledged, the parties agree as follows:

                                    AGREEMENT

         1. Plan of Share Exchange. It is hereby agreed that all of the RMI
Common Stock shall be acquired by ACMC in exchange solely for ACMC common voting
stock (the "ACMC Shares"). It is the intention of the parties hereto that all of
the issued and outstanding shares of capital stock of RMI shall be acquired by
ACMC in exchange solely for ACMC common voting stock and that this entire
transaction qualify as a corporate reorganization under Section 368(a)(1)(B) of
the Internal Revenue Code of 1986, as amended, and related or other applicable
sections thereunder. However, neither party is making any representations or
warranties regarding the tax treatment of this transaction.

         2. Exchange of Shares. ACMC and RMI Stockholders agree that on the
Closing Date or at the Closing as hereinafter defined, the RMI Common Stock
shall be delivered at Closing to ACMC in exchange for the ACMC Shares, after
giving effect to a 100 to 1 reverse stock split (the "ACMC Reverse Stock Split")
as to all presently outstanding shares of ACMC common stock, as follows:

         (a) At Closing, ACMC shall, subject to the conditions set forth herein,
issue an aggregate of 11,000,000 shares of ACMC common stock for immediate
delivery to the RMI Stockholders on the basis of 1.176470588 ACMC Shares for
each outstanding share of RMI Common Stock.

         (b) Unless otherwise agreed by ACMC and RMI this transaction shall
close only in the event ACMC is able to acquire all of the outstanding RMI
Common Stock.

         3. Pre-Closing Events. The Closing is subject to the completion of the
following:

         (a) ACMC shall have authorized 70,000,000 shares of $.01 par value
common stock.

         (b) ACMC shall have effectuated the ACMC Reverse Stock Split at or
prior to Closing, and shall have 1,500,000 shares of its common stock issued and
outstanding and no other shares of capital stock issued or outstanding.

         (c) ACMC shall demonstrate to the reasonable satisfaction of RMI that
it has no material assets and that its liabilities, contingent and fixed, do not
exceed $10,000.

         4. Exchange of Securities. As of the Closing Date each of the following
shall occur:

         (a) Each share of RMI Common Stock issued and outstanding immediately
prior to the Closing Date shall be exchanged for 1.176470588 ACMC Shares to be
delivered at Closing. All such outstanding shares of RMI Common Stock shall be
deemed, after Closing, to be owned by ACMC. The holders of such certificates
previously evidencing shares of RMI Common Stock outstanding immediately prior
to the Closing Date shall cease to have any rights with respect to such shares
of RMI Common Stock except as otherwise provided herein or by law;

         (b) Any shares of RMI Common Stock held in the treasury of RMI
immediately prior to the Closing Date shall automatically be canceled and
extinguished without any conversion thereof and no payment shall be made with
respect thereto; and

         (c) The 1,500,000 shares of ACMC common stock previously issued and
outstanding prior to the Closing, after giving effect to the ACMC Reverse Split,
will remain outstanding.

         5. Other Events Occurring at Closing. At Closing, the following shall
be accomplished:

         (a) ACMC shall file an amendment to its Articles of Incorporation with
the Division of Corporation and Commercial Code of the State of Utah in
substantially the form attached hereto as Exhibit "B" effecting an amendment to
its Certificate of Incorporation to reflect a name change and to accomplish the
ACMC Reverse Stock Split, all as set forth in the attached Exhibit "B".

         (b) The resignation of the existing ACMC officers and directors and
appointment of new officers and directors as described in Section 12(f) hereof.

         6. Other Matters.

         (a) Except as otherwise described herein, including the ACMC Reverse
Stock Split, there shall be no stock dividend, stock split, recapitalization, or
exchange of shares with respect to or rights issued in respect of, ACMC's
capital stock after the date hereof and there shall be no dividends paid on
ACMC's capital stock after the date hereof, in each case through and including
the Closing Date.

         (b) RMI shall have received all requisite director and shareholder
approval of all matters set forth herein, and no shareholder of RMI shall have
exercised any dissenters rights under applicable corporate law.

         (c) ACMC shall have received all requisite director and shareholder
approval of the matters set forth herein.

         (d) All parties hereto acknowledge and recognize that in 1994 ACMC
filed a Form 10 with the Securities and Exchange Commission registering ACMC's
common stock pursuant to section 12(g) of the Securities Exchange Act of 1934
(the "1934 Act") which Form 10 became effective 60 days after filing. As a
result of the Form 10 filing, ACMC became obligated to file annual reports on
Form 10-K or 10-KSB, quarterly reports on Form 10-Q or 10-QSB, Current Reports
on Form 8-K, other reports and information as described in the 1934 Act and
related rules and to otherwise comply with various provisions of the 1934 Act
and related rules. Since the Form 10 became effective, the Company has failed to
comply with substantially all of the obligations imposed upon it by the 1934 Act
(the "1934 Act Violations"). As a result, ACMC could be subject to substantial
civil and criminal penalties due to such non-compliance. There can be no
assurance that substantial civil and criminal penalties will not be imposed.
Moreover, in those instances where ACMC has held shareholder meetings without
complying with the proxy rule requirements found in the 1934 Act and related
rules, such shareholder actions may be invalid and illegal.

         7. Delivery of Shares. On or as soon as practicable after the Closing
Date, RMI will use its best efforts to cause the RMI Stockholders to surrender
for cancellation certificates representing their shares of RMI Common Stock,
against delivery of certificates representing the ACMC Shares for which the
shares of RMI Common Stock are to be exchanged at Closing.

          8. Representations of RMI Stockholders. RMI Stockholders hereby
represent and warrant each only as to its own RMI Common Stock, effective this
date and the Closing Date as follows:

         (a) Except as may be set forth in Exhibit "A", the RMI Common Stock is
free from claims, liens, or other encumbrances, and at the Closing Date RMI
Stockholders will have good title and the unqualified right to transfer and
dispose of such RMI Common Stock.

         (b) Each RMI Stockholder, respectively, is the sole owner of the issued
and outstanding RMI Common Stock as set forth in Exhibit "A";

         (c) No RMI Stockholder has the present intent to sell or dispose of the
ACMC Shares and no RMI Stockholder is under a binding obligation, formal
commitment, or existing plan to sell or otherwise dispose of the ACMC Shares.

         9. Representations of RMI. RMI hereby represents and warrants as
follows, which warranties and representations shall also be true as of the
Closing Date:

         (a) Except as noted on Exhibit "A", the RMI Stockholders listed on the
attached Exhibit "A" are the sole owners of record and beneficially of the
issued and outstanding common stock of RMI.

         (b) RMI has no outstanding or authorized capital stock, warrants,
options or convertible securities other than as described in the RMI Financial
Statements or in Exhibit "A", attached hereto.

         (c) RMI has the corporate power to enter into this Agreement and to
perform its respective obligations hereunder. The execution and delivery of this
Agreement and the consummation of the transactions contemplated hereby have been
duly authorized by the board of directors and shareholders of RMI. The execution
and performance of this Agreement will not constitute a material breach of any
agreement, indenture, mortgage, license or other instrument or document to which
RMI is a party and will not violate any judgment, decree, order, writ, rule,
statute, or regulation applicable to RMI or its properties. The execution and
performance of this Agreement will not violate or conflict with any provision of
the Articles of Incorporation or Bylaws of RMI.

         (d) The audited financial statements as of and for the period ended
December 31, 2000, which have been or will shortly be delivered to ACMC
(hereinafter referred to as the "RMI Financial Statements") are or will be when
delivered complete and accurate and fairly present the financial condition of
RMI as of the date thereof and the results of its operations for the period
covered. There are no material liabilities or obligations, either fixed or
contingent, not disclosed in the RMI Financial Statements or in any exhibit or
notes thereto other than contracts or obligations in the ordinary course of
business; and no such contracts or obligations in the ordinary course of
business constitute liens or other liabilities which materially alter the
financial condition of RMI as reflected in the RMI Financial Statements. RMI has
good title to all assets shown on the RMI Financial Statements subject only to
dispositions and other transactions in the ordinary course of business, the
disclosures set forth therein and liens and encumbrances of record. The RMI
Financial Statements have been prepared in accordance with generally accepted
accounting principles consistently applied (except as may be indicated therein
or in the notes thereto).

         (e) Since the date of the RMI Financial Statements, there have not been
any material adverse changes in the financial position of RMI except changes
arising in the ordinary course of business, which changes will in no event
materially and adversely affect the financial position of RMI.

         (f) RMI is not a party to any material pending litigation or, to its
best knowledge, any governmental investigation or proceeding, not reflected in
the RMI Financial Statements, and to its best knowledge, no material litigation,
claims, assessments or any governmental proceedings are threatened against RMI.

         (g) RMI is in good standing in its jurisdiction of incorporation, and
is in good standing and duly qualified to do business in each jurisdiction where
required to be so qualified except where the failure to so qualify would have no
material negative impact on RMI.

         (h) RMI has (or, by the Closing Date, will have filed) all material
tax, governmental and/or related forms and reports (or extensions thereof) due
or required to be filed and has (or will have) paid or made adequate provisions
for all taxes or assessments which have become due as of the Closing Date.

         (i) RMI has not materially breached any material agreement to which it
is a party. RMI has previously given ACMC copies or access thereto of all
material contracts, commitments and/or agreements to which RMI is a party
including all relationships or dealings with related parties or affiliates.

         (j) RMI has no subsidiary corporations except as described in writing
to ACMC.

         (k) RMI has made all material corporate financial records, minute
books, and other corporate documents and records available for review to present
management of ACMC prior to the Closing Date, during reasonable business hours
and on reasonable notice.

         (l) The execution of this Agreement does not materially violate or
breach any material agreement or contract to which RMI is a party and has been
duly authorized by all appropriate and necessary corporate action under Texas
law and RMI, to the extent required, has obtained all necessary approvals or
consents required by any agreement to which RMI is a party.

         (m) There are no existing options, calls, warrants, preemptive rights
or commitments of any character relating to the issued or unissued capital stock
or other securities of ACMC, except as contemplated in this Agreement.

         (n) All information regarding RMI that has been delivered to ACMC by
RMI for use in connection with the transaction (the "Acquisition") described
herein is true, complete and accurate in all material respects.

         10. Representations of ACMC. ACMC hereby represents and warrants as
follows, which warranties and representations shall also be true as of the
Closing Date:

         (a) As of the Closing Date, the ACMC Shares to be issued and delivered
to the RMI Stockholders hereunder will, when so issued and delivered,
constitute, duly authorized, validly and legally issued shares of ACMC common
stock, fully-paid and nonassessable.

         (b) ACMC has the corporate power to enter into this Agreement and to
perform its respective obligations hereunder. The execution and delivery of this
Agreement and the consummation of the transactions contemplated hereby have been
duly authorized by the board of directors of ACMC. The execution and performance
of this Agreement will not constitute a material breach of any agreement,
indenture, mortgage, license or other instrument or document to which ACMC is a
party and will not violate any judgment, decree, order, writ, rule, statute, or
regulation applicable to ACMC or its properties. The execution and performance
of this Agreement will not violate or conflict with any provision of the
Articles of Incorporation or Bylaws of ACMC.

         (c) The audited financial statements as of and for the period ended
December 31, 2000, which have been or shortly will be delivered to RMI
(hereinafter referred to as the "ACMC Financial Statements") are or will be when
delivered complete and accurate and fairly present the financial condition of
ACMC as of the date thereof and the results of its operations for the period
covered. There are no material liabilities or obligations, either fixed or
contingent, not disclosed in the ACMC Financial Statements or in any exhibit or
notes thereto other than contracts or obligations in the ordinary course of
business; and no such contracts or obligations in the ordinary course of
business constitute liens or other liabilities which materially alter the
financial condition of ACMC as reflected in the ACMC Financial Statements. ACMC
has good title to all assets shown on the ACMC Financial Statements subject only
to dispositions and other transactions in the ordinary course of business, the
disclosures set forth therein and liens and encumbrances of record. The ACMC
Financial Statements have been prepared in accordance with generally accepted
accounting principles consistently applied (except as may be indicated therein
or in the notes thereto).

         (d) Since the date of the ACMC Financial Statements, there have not
been any material adverse changes in the financial position of ACMC except
changes arising in the ordinary course of business, which changes will in no
event materially and adversely affect the financial position of ACMC.

         (e) ACMC is not a party to any material pending litigation or, to its
best knowledge, any governmental investigation or proceeding, not reflected in
the ACMC Financial Statements, and to its best knowledge, no material
litigation, claims, assessments or any governmental proceedings are threatened
against ACMC.

         (f) ACMC is in good standing in the State of Utah.

         (g) ACMC has (or, by the Closing Date, will have filed) all material
tax, governmental and/or related forms and reports (or extensions thereof) due
or required to be filed and has (or will have) paid or made adequate provisions
for all taxes or assessments which have become due as of the Closing Date.

         (h) ACMC has not materially breached any material agreement to which it
is a party. ACMC has previously given RMI copies or access thereto of all
material contracts, commitments and/or agreements to which ACMC is a party
including all relationships or dealings with related parties or affiliates.

         (i) ACMC has no subsidiary corporations except as described in writing
to RMI.

         (j) ACMC has made all material corporate financial records, minute
books, and other corporate documents and records available for review to present
management of RMI prior to the Closing Date, during reasonable business hours
and on reasonable notice.

         (k) The execution of this Agreement does not materially violate or
breach any material agreement or contract to which ACMC is a party and has been
duly authorized by all appropriate and necessary corporate action under Utah law
and ACMC, to the extent required, has obtained all necessary approvals or
consents required by any agreement to which ACMC is a party.

         (l) There are no existing options, calls, warrants, preemptive rights
or commitments of any character relating to the issued or unissued capital stock
or other securities of ACMC, except as contemplated in this Agreement.

         (m) All information regarding ACMC that has been delivered to RMI by
ACMC for use in connection with the transaction (the "Acquisition") described
herein is true, complete and accurate in all material respects.

         (n) Notwithstanding the foregoing representations and warrants, ACMC
makes no representations and warranties with respect to the possible penalties,
liabilities or effects of the 1934 Act Violations.

         11. Closing. The Closing of the transactions contemplated herein shall
take place on such date (the "Closing") as mutually determined by the parties
hereto when all conditions precedent have been met and all required documents
have been delivered, which Closing shall be no later than thirty days following
ACMC shareholder approval of the reverse stock split reference in Section 3(b),
unless extended by mutual consent of all parties hereto. The "Closing Date" of
the transactions described herein (the "Acquisition"), shall be that date on
which all conditions set forth herein have been met and the ACMC Shares are
issued in exchange for the RMI Common Stock.

         12. Conditions Precedent to the Obligations of RMI. All obligations of
RMI under this Agreement are subject to the fulfillment, prior to or as of the
Closing and/or the Closing Date, as indicated below, of each of the following
conditions:

         (a) The representations and warranties by or on behalf of ACMC
contained in this Agreement or in any certificate or document delivered pursuant
to the provisions hereof shall be true in all material respects at and as of the
Closing and Closing Date as though such representations and warranties were made
at and as of such time.

         (b) ACMC shall have performed and complied with all covenants,
agreements, and conditions set forth in, and shall have executed and delivered
all documents required by this Agreement to be performed or complied with or
executed and delivered by it prior to or at the Closing.

         (c) On or before the Closing, the board of directors, and shareholders
representing a majority interest the outstanding common stock of ACMC, shall
have approved in accordance with applicable state corporation law and the 1934
Act the execution and delivery of this Agreement and the consummation of the
transactions contemplated herein.

         (d) On or before the Closing Date, ACMC shall have delivered to RMI
certified copies of resolutions of the board of directors and shareholders of
ACMC approving and authorizing the execution, delivery and performance of this
Agreement and authorizing all of the necessary and proper action to enable ACMC
to comply with the terms of this Agreement including the election of RMI's
nominees to the Board of Directors of ACMC and all matters outlined herein.

         (e) The Acquisition shall be permitted by applicable law and ACMC shall
have sufficient shares of its capital stock authorized to complete the
Acquisition.

         (f) At Closing, the existing officers and directors of ACMC shall have
resigned in writing from all positions as directors and officers of ACMC
effective upon the election and appointment of the RMI nominees.

         (g) At the Closing, all instruments and documents delivered to RMI and
RMI Stockholders pursuant to the provisions hereof shall be reasonably
satisfactory to legal counsel for RMI.

         (h) The shares of restricted ACMC capital stock to be issued to RMI
Stockholders at Closing will be validly issued, nonassessable and fully-paid
under Utah law and will be issued in compliance with all federal, state and
applicable corporation and securities laws.

         (i) RMI and RMI Stockholders shall have received the advice of their
tax advisor, if deemed necessary by them, as to all tax aspects of the
Acquisition.

         (j) RMI shall have received all necessary and required approvals and
consents from required parties and its shareholders.

         (k) After completing it due diligence investigation prior to the
closing, RMI shall have determined that, in RMI's sole discretion, the financial
condition of ACMC and the condition of ACMC otherwise is suitable to RMI and its
stockholders. In the event that RMI determines, in its sole discretion, that
ACMC is not suitable to RMI or its stockholders for any reason whatsoever, then
RMI may rescind this Agreement by giving written notice to ACMC. In the event of
any such rescission, this Agreement thereafter shall be null and void and
neither party shall have any obligation to the other.

         13. Conditions Precedent to the Obligations of ACMC. All obligations of
ACMC under this Agreement are subject to the fulfillment, prior to or at the
Closing, of each of the following conditions:

         (a) The representations and warranties by RMI and RMI Stockholders
contained in this Agreement or in any certificate or document delivered pursuant
to the provisions hereof shall be true in all material respects at and as of the
Closing as though such representations and warranties were made at and as of
such time.

         (b) RMI shall have performed and complied with, in all material
respects, all covenants, agreements, and conditions required by this Agreement
to be performed or complied with by it prior to or at the Closing.

         (c) RMI shall deliver on behalf of the RMI Stockholders a letter
commonly known as an "Investment Letter," signed by each of said shareholders,
in substantially the form attached hereto as Exhibit "C", acknowledging that the
ACMC Shares are being acquired for investment purposes.

         (d) On or before the Closing, the board of directors, and shareholders
representing a majority interest the outstanding common stock of RMI, shall have
approved in accordance with applicable state corporation law and the execution
and delivery of this Agreement and the consummation of the transactions
contemplated herein and no shareholder of RMI shall have exercised dissenters
rights under applicable corporate law.

         (e) On or before the Closing Date, RMI shall have delivered to ACMC
certified copies of resolutions of the board of directors and shareholders of
RMI approving and authorizing the execution, delivery and performance of this
Agreement and authorizing all of the necessary and proper action to enable RMI
to comply with the terms of this Agreement.

         (f) At the Closing, all instruments and documents delivered to ACMC
pursuant to the provisions hereof shall be reasonably satisfactory to legal
counsel for ACMC.

         (g) The Acquisition shall be permitted by applicable law and ACMC shall
have sufficient shares of its capital stock authorized to complete the
Acquisition

         (h) The shares of restricted ACMC capital stock to be issued to RMI
Stockholders at Closing will be validly issued, nonassessable and fully-paid
under Utah law and will be issued in compliance with all federal, state and
applicable corporation and securities laws.

         (i) ACMC and ACMC Stockholders shall have received the advice of their
tax advisor, if deemed necessary by them, as to all tax aspects of the
Acquisition.

         (j) ACMC shall have received all necessary and required approvals and
consents from required parties and its shareholders.

         (k) After completing it due diligence investigation prior to the
closing, ACMC shall have determined that, in ACMC's sole discretion, the
financial condition of RMI and the condition of RMI otherwise is suitable to
ACMC and its stockholders. In the event that ACMC determines, in its sole
discretion, that RMI is not suitable to ACMC or its stockholders for any reason
whatsoever, then ACMC may rescind this Agreement by giving written notice to
RMI. In the event of any such rescission, this Agreement thereafter shall be
null and void and neither party shall have any obligation to the other.

         14. Indemnification.

         (a) For a period of one year from the Closing, ACMC agrees to indemnify
and hold harmless RMI, and for the same period RMI agrees to indemnify and hold
harmless ACMC, against and in respect of any liability, damage or deficiency,
all actions, suits, proceedings, demands, assessments, judgments, costs and
expenses including attorney's fees incident to any of the foregoing, resulting
from any material misrepresentations made by an indemnifying party to an
indemnified party, an indemnifying party's breach of covenant or warranty or an
indemnifying party's nonfulfillment of any agreement hereunder, or from any
material misrepresentation in or omission from any certificate furnished or to
be furnished hereunder.

         (b) For a period of one year from the Closing, in the event that the
liabilities of ACMC exceed $10,000 on the Closing date ACMC agrees to indemnify
RMI for the amount of said liabilities in excess of $10,000.

         (c) For a period of one year from the Closing, in the event that the
liabilities of RMI are materially different than disclosed to ACMC in ACMC's due
diligence investigation prior to the Closing, then RMI agrees to indemnify ACMC
for the amount of said liabilities in excess of the disclosed amounts.

         15. Nature and Survival of Representations. All representations,
warranties and covenants made by any party in this Agreement shall survive the
Closing and the consummation of the transactions contemplated hereby for one
year from the Closing. All of the parties hereto are executing and carrying out
the provisions of this Agreement in reliance solely on the representations,
warranties and covenants and agreements contained in this Agreement and not upon
any investigation upon which it might have made or any representation, warranty,
agreement, promise or information, written or oral, made by the other party or
any other person other than as specifically set forth herein.

         16. Documents at Closing. At the Closing, the following documents shall
be delivered:

         (a) RMI will deliver, or will cause to be delivered, to ACMC the
following:

                  (i) a certificate executed by the President and Secretary of
         RMI to the effect that all representations and warranties made by RMI
         under this Agreement are true and correct as of the Closing, the same
         as though originally given to ACMC on said date;

                  (ii) a certificate from the jurisdiction of incorporation of
         RMI dated at or about the Closing to the effect that RMI is in good
         standing under the laws of said jurisdiction;

                  (iii) certified copies of resolutions adopted by RMI's board
         of directors and RMI's Stockholders authorizing the Acquisition and all
         related matters described herein;

                  (iv) Investment Letters in the form attached hereto as Exhibit
         "C" executed by each RMI Stockholder;

                  (v) such other instruments, documents and certificates, if
         any, as are required to be delivered pursuant to the provisions of this
         Agreement; and

                  (vi) all other items, the delivery of which is a condition
         precedent to the obligations of ACMC as set forth herein.

         (b) ACMC will deliver or cause to be delivered to RMI:

                  (i) stock certificates representing the ACMC Shares to be
         issued as a part of the stock exchange as described herein;

                  (ii) a certificate of the President and Secretary of ACMC, to
         the effect that all representations and warranties of ACMC made under
         this Agreement are true and correct as of the Closing, the same as
         though originally given to RMI on said date;

                  (iii) certified copies of resolutions adopted by ACMC's board
         of directors and ACMC's Stockholders authorizing the Acquisition and
         all related matters described herein;

                  (iv) certificate from the jurisdiction of incorporation of
         ACMC dated at or about the Closing Date that ACMC is in good standing
         under the laws of said state;

                  (v) such other instruments, documents and certificates, if
         any, as are required to be delivered pursuant to the provisions of this
         Agreement;

                  (vi) resignation of the existing officer and director of ACMC;

                  (vii) all corporate and financial records of ACMC; and

                  (viii) all other items, the delivery of which is a condition
         precedent to the obligations of RMI, as set forth herein.

         17. Finder's Fees. ACMC, represents and warrants to RMI, and RMI
represents and warrants to ACMC, that neither of them, or any party acting on
their behalf, has incurred any liabilities, either express or implied, to any
"broker" of "finder" or similar person in connection with this Agreement or any
of the transactions contemplated hereby. In this regard, ACMC, on the one hand,
and RMI on the other hand, will indemnify and hold the other harmless from any
claim, loss, cost or expense whatsoever (including reasonable fees and
disbursements of counsel) from or relating to any such express or implied
liability.

         18. Confidentiality.

         (a) Confidential Information. As used in this Agreement, the term
"Confidential Information" shall mean (a) any material information relating to
ACMC that has not been publicly disclosed by means of disclosure on an report,
registration statement or proxy statement with the Securities and Exchange
Commission, (b) information marked or designated by ACMC as confidential; (c)
information, whether or not in written form and whether or not designated as
confidential, which is known to a party as being treated by as confidential by
ACMC; (d) information provided to any party by third parties which the any party
is obligated to keep confidential, and (e) information relating to the terms and
existence of this Agreement.

         (b) Non-use and Nondisclosure. Each of the parties agrees not to use
any Confidential Information for any purpose except to evaluate and engage in
discussions concerning this Agreement and the potential business relationship
relating thereto. The parties agree not to disclose any Confidential Information
of ACMC to third parties or to employees or associates of the receiving party,
except to those employees who are required to have the Confidential Information
in order to evaluate or engage in discussions concerning the contemplated
business relationship.

         (c) Maintenance of Confidentiality. The parties agree to take all
reasonable measures to protect the secrecy of and prevent the disclosure and
unauthorized use of ACMC's Confidential Information. Without limiting the
foregoing, the receiving party shall take at least those measures that the
receiving party takes to protect its own Confidential Information and shall have
its employees who have access to ACMC's Confidential Information sign a non-use
and nondisclosure agreement relating to ACMC's Confidential Information. A
receiving party shall immediately notify ACMC in the event of any unauthorized
use of disclosure of ACMC's Confidential Information.

         19. Miscellaneous.

         (a) Further Assurances. At any time, and from time to time, after the
Closing Date, each party will execute such additional instruments and take such
action as may be reasonably requested by the other party to confirm or perfect
title to any property transferred hereunder or otherwise to carry out the intent
and purposes of this Agreement.

         (b) Waiver. Any failure on the part of any party hereto to comply with
any of its obligations, agreements or conditions hereunder may be waived in
writing by the party to whom such compliance is owed.

         (c) Termination. All obligations hereunder may be terminated at the
discretion of either party's board of directors if (i) the closing conditions
specified in Sections 12 and 13 are not met within thirty days following the
ACMC shareholder approval of the reverse stock split referenced in Section 3(b),
unless extended by mutual agreement of the parties, (ii) any of the
representations and warranties made herein have been materially breached or
(iii) the Agreement is terminated pursuant to Sections 12(k) or 13(k).

         (d) Amendment. This Agreement may be amended only in writing as agreed
to by all parties hereto.

         (e) Notices. All notices and other communications hereunder shall be in
writing and shall be deemed to have been given if delivered in person or sent by
prepaid first class registered or certified mail, return receipt requested.

         (f) Headings. The section and subsection headings in this Agreement are
inserted for convenience only and shall not affect in any way the meaning or
interpretation of this Agreement.

         (g) Counterparts. This Agreement may be executed simultaneously in two
or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

         (h) Governing Law. This Agreement shall be construed and enforced in
accordance with the laws of the State of Utah.

         (i) Binding Effect. This Agreement shall be binding upon the parties
hereto and inure to the benefit of the parties, their respective heirs,
administrators, executors, successors and assigns.

         (j) Entire Agreement. This Agreement and the attached Exhibits
constitute the entire agreement of the parties covering everything agreed upon
or understood in the transaction. There are no oral promises, conditions,
representations, understandings, interpretations or terms of any kind as
conditions or inducements to the execution hereof.

         (k) Time. Time is of the essence.

         (l) Severability. If any part of this Agreement is deemed to be
unenforceable the balance of the Agreement shall remain in full force and
effect.

         (m) Responsibility and Costs. All fees, expenses and out-of-pocket
costs and expenses, including, without limitation, fees and disbursements of
counsel, advisors and accountants, incurred by the parties hereto shall be borne
solely and entirely by the party that has incurred such costs and expenses.

         IN WITNESS WHEREOF, the parties have executed this Agreement the day
and year first above written.

AMERICAN CONSOLIDATED MINING CO.                 RENAISSANCE MAN, INC.

By: /s/ Steven J. Haslam                         By: /s/ Herschel Walker
   ------------------------------                    ----------------------
   President                                         RMI President

By:  /s/ John M. DeNiro
    -----------------------------
    John M. DeNiro, Secretary

<PAGE>

Counterpart Signature Page to the Agreement and Plan of Share Exchange

         The undersigned hereby agrees to become a party as an RMI Stockholder
to the Agreement and Plan of Share Exchange dated July 14, 2001 between American
Consolidated Mining Co., Renaissance Man, Inc. (the "RMI") and the RMI
Stockholders named therein. The undersigned hereby authorizes the RMI to attach
this counterpart signature page to the Agreement and Plan of Share Exchange and
to add the name of the undersigned to the list of RMI Stockholders set forth in
Exhibit A to the Agreement and Plan of Share Exchange.

Dated: _____________                          _______________________________
                                                  (signature)

                                              Address: ________________________

                                                       ________________________

<PAGE>

                                   EXHIBIT "A"

                            RMI STOCKHOLDER SCHEDULE

       Name                                  Number of Shares of Common Stock
       ----                                  --------------------------------
     Jack Shaw                                           1,000,000
     Brian K. Holden                                     1,000,000
     Herschel Walker                                     1,000,000
     G. Diane McKnight                                   1,000,000
     Myka Dean                                           1,000,000
     Judith T. Lauterbach                                1,000,000
     Aloe Commodities International, Inc.                1,000,000
     George Mappin                                       1,000,000
     Jerrilyn Brennan                                      500,000
     Deanna Brennan                                        500,000
     Leren E. Bagley

Total Issued and Outstanding                             9,350,000
Total Authorized                                        10,000,000

<PAGE>

                                   EXHIBIT "B"

                     AMENDMENT TO ARTICLES OF INCORPORATION

[to be completed]

<PAGE>

                                   EXHIBIT "C"

                                INVESTMENT LETTER

         In connection with the Agreement and Plan of Share Exchange dated July
14, 2001 (the "Agreement"), between American Consolidated Mining Co. ("ACMC"),
Renaissance Man, Inc. ("RMI") and the RMI Stockholders named therein, the
undersigned hereby represents and warrants as follows:

                  (a) The undersigned's representations in this letter are
complete and accurate to the best of the undersigned's knowledge, and ACMC and
RMI may rely upon them.

                  (b) The undersigned is able to bear the economic risk of an
investment in the ACMC common stock (the "Securities") for an indefinite period
of time, can afford the loss of the entire investment in the Securities, and
will, after making an investment in the Securities, have sufficient means of
providing for the undersigned's current needs and possible future contingencies.
Additionally, the undersigned's overall commitment to investments that are not
readily marketable is not disproportionate to the undersigned's net worth and
the share exchange described in the Agreement will not cause such overall
commitment to become excessive.

                  (c) The Securities will not be sold by the undersigned without
registration under applicable securities acts or a proper exemption from such
registration.

                  (d) The Securities are being acquired for the undersigned's
own account and risk, for investment purposes, and not on behalf of any other
person or with a view to, or for resale in connection with, any distribution
thereof within the meaning of the Securities Act of 1933. The undersigned is
aware that there are substantial restrictions on the transferability of the
Securities.

                  (e) The undersigned has had access to any and all information
concerning ACMC that the undersigned and the undersigned's financial, tax and
legal advisors required or considered necessary to make a proper evaluation of
this investment. Specifically, the undersigned has had access to the ACMC
Financial Statements and to the business documents referenced in Section 10(c)
and 10 (j) of the Agreement and is aware of ACMC's failure to comply with its
reporting obligations as described in Section 6(d) of the Agreement. In making
the decision to purchase the Securities by entering into the Agreement, the
undersigned and his or her advisers have relied solely upon their own
independent investigations, and fully understand that there are no guarantees,
assurances or promises in connection with any investment hereunder and
understand that the particular tax consequences arising from this investment in
ACMC will depend upon the individual circumstances of the undersigned. The
undersigned further understands that no opinion is being given as to any
securities or tax matters involving the transactions contemplated by the
Agreement.

                  (f) All of the representations and warranties of the
undersigned contained herein and all information furnished by the undersigned to
ACMC are true, correct and complete in all respects, and the undersigned agrees
to notify ACMC immediately of any change in any representation, warranty or
other information set forth herein.

                  (g) The undersigned also understands and agrees that stop
transfer instructions relating to the Securities will be placed in ACMC's stock
transfer ledger, and that the Securities sold will bear legends in substantially
the following form:

                  The securities represented by this certificate have not been
                  registered under the Securities Act of 1933 (the "Act") and
                  are "restricted securities" as that term is defined in Rule
                  144 under the Act. The securities may not be offered for sale,
                  sold or otherwise transferred except pursuant to an effective
                  registration statement under the Act or pursuant to an
                  exemption from registration under the Act, the availability of
                  which is to be established to the satisfaction of the issuer.

                  (h) The undersigned knows that the Securities are offered and
sold pursuant to exemptions from registration under the Securities Act of 1933,
and state securities law based, in part, on these warranties and
representations, which are the very essence of this Agreement, and constitute a
material part of the bargained-for consideration without which this Agreement
would not have been executed.

                  (i) The undersigned has the capacity to protect the
undersigned's own interest in connection with this transaction or has a
pre-existing personal or business relationship with ACMC or one or more of its
officers, directors or controlling persons consisting of personal or business
contacts of a nature and duration such as would enable a reasonably prudent
purchaser to be aware of the character, business acumen and general business and
financial circumstances of such person with whom such relationship exists.

                  (j) The Securities offered hereby were not offered to the
undersigned by way of general solicitation or general advertising and at no time
was the undersigned presented with or solicited by means of any leaflet, public
promotional meeting, circular, newspaper or magazine article, radio or
television advertisement.

                  (k) If initialed below, The undersigned represents that The
undersigned is an "accredited investor" as defined under Rule 501 of Regulation
D by reason of:

FOR INDIVIDUALS ONLY (INITIAL IF APPLICABLE):

_______  1.       I had individual income (exclusive of any income attributable
Initial           to my spouse) in excess of $200,000 in each of the most recent
Here              two years and I reasonably expect to have an individual income
                  in excess of $200,000 for the current year, or I had joint
                  income with my spouse in excess of $300,000 in each of those
                  years and I reasonably expect to have a joint income with my
                  spouse in excess of $300,000 for the current year.

_______  2.       I have an individual net worth, or my spouse and I have a
Initial           combined individual net worth, in excess of $1,000,000. For
Here              purposes of this Agreement, "individual net worth" means the
                  excess of total assets at fair market value, including home
                  and personal property, over total liabilities.

_______  3.       I am qualified as an "accredited investor" pursuant to Rule
Initial           501(a) of Regulation D of the 1933 Act for the following
Here              reason: ______________________________________________________

FOR CORPORATIONS AND PARTNERSHIPS ONLY (INITIAL IF APPLICABLE):

_______  1.       The undersigned hereby certifies that the Partnership or
Initial           Corporation that he/she represents possesses total assets in
Here              excess of $5,000,000 and was not formed for the specific
                  purpose of acquiring the securities offered by ACMC.

_______  2.       The undersigned hereby certifies personally, and on behalf of
Initial           the Partnership or Corporation that he/she represents, that
Here              all of the beneficial owners of equity qualify individually as
                  accredited investors under the individual accredited investor
                  test set forth above.

FOR TRUSTS ONLY (INITIAL IF APPLICABLE):

_______  1.       The undersigned hereby certifies that the trust which he/she
Initial           represents possesses total assets in excess of $5,000,000 and
Here              was not formed for the specific purpose of acquiring the
                  securities offered by ACMC, and that the purchase of the
                  securities is directed by a sophisticated person as described
                  in Rule 506(b)(2)(ii) of the Act.

_______  2.       The undersigned hereby certifies personally, and on behalf of
Initial           the trust that he/she represents, that such trust is a
Here              revocable trust that may be amended or revoked at any time by
                  the grantors, and all the grantors are accredited individual
                  investors under the individual accredited investor test set
                  forth above.

FOR TRUSTEES AND AGENTS (READ AND INITIAL BOTH STATEMENTS):

_______           The undersigned hereby acknowledges that he/she is acting as
Initial           an agent or trustee for the following person or entity:
Here              ______________________________________________________________

_______  2.       The undersigned hereby agrees to provide to ACMC, upon ACMC's
Initial           request, the following documents:
Here
                  (a)      a copy of the trust agreement, power of attorney or
                           other instrument granting the power and authority to
                           execute and deliver the Agreement, or

                  (b)      an opinion of counsel verifying the undersigned's
                           power and authority to execute and deliver the
                           Agreement and this letter.

         The representations and warranties contained herein shall survive the
Closing of the transaction described in the Agreement.

Date: ________________                            _____________________________

                                                  _____________________________
                                                              (print name)

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