Document:

EXHIBIT 10.94

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                        WARRANT TO PURCHASE COMMON STOCK
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THIS WARRANT AND THE  SECURITIES  ISSUABLE  HEREUNDER  HAVE NOT BEEN  REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THEY
MAY NOT BE SOLD,  OFFERED  FOR SALE,  PLEDGED OR  OTHERWISE  TRANSFERRED  IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND ANY APPLICABLE
STATE  SECURITIES  LAWS OR THE  AVAILABILITY  OF AN EXEMPTION FROM  REGISTRATION
UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

                        WARRANT TO PURCHASE COMMON STOCK

       NUMBER OF SHARES:      Up to 250,568 shares (subject to adjustment)
                              --------------------------------------------
       WARRANT PRICE:         $1.00 per share
                              ---------------
       ISSUANCE DATE:         August 16, 2004
                              ---------------
       EXPIRATION DATE:       August 16, 2007
                              ---------------

THIS WARRANT CERTIFIES THAT for value received,  Mercator Momentum Fund, LP., or
its registered assigns (hereinafter called the "HOLDER") is entitled to purchase
from Invisa,  Inc.  (hereinafter  called the  "COMPANY"),  the above  referenced
number of fully paid and  nonassessable  shares (the  "SHARES")  of common stock
(the "COMMON  STOCK"),  of Company,  at the Warrant  Price per Share  referenced
above; the number of shares purchasable upon exercise of this Warrant referenced
above being subject to adjustment  from time to time as described  herein.  This
Warrant is issued in connection with that certain  Subscription  Agreement dated
as of August 16, 2004, by and between the Company and Holder (the  "SUBSCRIPTION
AGREEMENT").  The exercise of this Warrant  shall be subject to the  provisions,
limitations and restrictions contained herein.

Term and Exercise.

1.1 TERM.  This  Warrant is  exercisable  in whole or in part (but not as to any
fractional  share of Common Stock),  at any time and from time to time after the
date hereof prior to 6:00 p.m. on the Expiration Date set forth above.

1.2  WARRANT  PRICE.  The Warrant  shall be  exercisable  at the  Warrant  Price
described above.

1.3  MAXIMUM  NUMBER OF SHARES.  The  maximum  number of Shares of Common  Stock
exercisable pursuant to this Warrant is 250,568 Shares. However, notwithstanding
anything  herein to the  contrary,  in no event shall the Holder be permitted to
exercise this Warrant for a number of Shares  greater than the number that would
cause  the  aggregate   beneficial  ownership  of  the  Company's  Common  Stock
(calculated  pursuant to Rule 13d-3 of the  Securities  Exchange Act of 1934, as
amended) of the Holder and all persons affiliated with the Holder to equal 9.99%
of the Company's Common Stock then outstanding.

1.4  PROCEDURE  FOR  EXERCISE OF WARRANT.  Holder may  exercise  this Warrant by
delivering  the following to the  principal  office of the Company in accordance
with Section 5.1 hereof: (i) a duly executed Notice of Exercise in substantially
the form  attached  as Schedule  A, (ii)  payment of the  Warrant  Price then in
effect for each of the Shares being  purchased,  as  designated in the Notice of
Exercise,  and (iii) this Warrant.  Payment of the Warrant Price may be in cash,
certified or official  bank check  payable to the order of the Company,  or wire
transfer of funds to the  Company's  account (or any  combination  of any of the
foregoing) in the amount of the Warrant Price for each share being purchased.

1.5 DELIVERY OF CERTIFICATE AND NEW WARRANT. In the event of any exercise of the
rights represented by this Warrant, a certificate or certificates for the shares
of Common Stock so purchased, registered in the name of the Holder or such other
name or  names as may be  designated  by the  Holder,  together  with any  other
securities  or other  property  which the Holder is  entitled  to  receive  upon
exercise  of this  Warrant,  shall be  delivered  to the Holder  hereof,  at the
Company's expense, within a reasonable time, not exceeding fifteen (15) calendar
days, after the rights represented by this Warrant shall have been so exercised;
and, unless this Warrant has expired,  a new Warrant  representing the number of
Shares,  if any,  with  respect to which this  Warrant  shall not then have been
exercised shall also be issued to the Holder hereof within such time. The person
in whose name any certificate for shares of Common Stock is issued upon exercise
of this  Warrant  shall for all  purposes be deemed to have become the holder of
record of such  shares  on the date on which the  Warrant  was  surrendered  and
payment of the Warrant  Price was received by the Company,  irrespective  of the
date of delivery of such certificate, except that, if the date of such surrender
and  payment  is on a date  when the stock  transfer  books of the  Company  are
closed,  such person shall be deemed to have become the holder of such Shares at
the close of business on the next  succeeding  date on which the stock  transfer
books are open.

1.6  RESTRICTIVE  LEGEND.  Each  certificate for Shares shall bear a restrictive
legend in substantially the form as follows, together with any additional legend
required by (i) any  applicable  state  securities  laws and (ii) any securities
exchange upon which such Shares may, at the time of such exercise, be listed:

      THE SHARES OF STOCK EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED,
      SOLD, PLEDGED OR OTHERWISE  TRANSFERRED  ("TRANSFERRED") IN THE ABSENCE OF
      SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM.  IN THE ABSENCE OF
      SUCH  REGISTRATION,  SUCH  SHARES MAY NOT BE  TRANSFERRED  UNLESS,  IF THE
      COMPANY REQUESTS,  THE COMPANY HAS RECEIVED A WRITTEN OPINION FROM COUNSEL
      IN FORM AND  SUBSTANCE  SATISFACTORY  TO THE  COMPANY  STATING  THAT  SUCH
      TRANSFER IS BEING MADE IN COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE
      SECURITIES LAWS.

Any  certificate  issued  at any  time  in  exchange  or  substitution  for  any
certificate  bearing  such  legend  shall also bear such legend  unless,  in the
opinion of counsel for the Holder  thereof  (which  counsel  shall be reasonably
satisfactory  to the Company),  the securities  represented  thereby are not, at
such time, required by law to bear such legend.

1.7 FRACTIONAL  SHARES.  No fractional Shares shall be issuable upon exercise or
conversion of the Warrant. In the event of a fractional interest,  the number of
Shares to be issued shall be rounded up to the nearest whole Share.

                                                                          Page 1
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Representations, Warranties and Covenants.

1.8      REPRESENTATIONS AND WARRANTIES.

(a) The Company is a corporation  duly organized,  validly  existing and in good
standing  under the laws of its  state of  incorporation  and has all  necessary
power and authority to perform its obligations under this Warrant;

(b) The  execution,  delivery  and  performance  of this  Warrant  has been duly
authorized by all necessary  actions on the part of the Company and  constitutes
the legal, valid and binding obligation of the Company,  enforceable against the
Company in accordance with its terms; and

(c)  This  Warrant  does  not  violate  and is not in  conflict  with any of the
provisions  of  the  Company's  Articles  of  Incorporation  or  Certificate  of
Determination, Bylaws and any resolutions of the Company's Board of Directors or
stockholders,  or any agreement of the Company, and no event has occurred and no
condition or circumstance  exists that might (with or without notice or lapse of
time)  constitute  or result  directly  or  indirectly  in such a  violation  or
conflict.

1.9  ISSUANCE  OF SHARES.  The Company  covenants  and agrees that all shares of
Common Stock that may be issued upon the exercise of the rights  represented  by
this  Warrant  will,  upon  issuance,   be  validly   issued,   fully  paid  and
nonassessable,  and free from all taxes,  liens and charges  with respect to the
issue thereof.  The Company  further  covenants and agrees that it will pay when
due and  payable  any and all  federal  and state  taxes which may be payable in
respect  of the  issue of this  Warrant  or any  Common  Stock  or  certificates
therefor  issuable  upon the  exercise  of this  Warrant.  The  Company  further
covenants  and agrees that the  Company  will at all times have  authorized  and
reserved,  free from preemptive  rights, a sufficient number of shares of Common
Stock to provide  for the  exercise  in full of the rights  represented  by this
Warrant.  If at any time the number of authorized but unissued  shares of Common
Stock of the  Company  shall not be  sufficient  to effect the  exercise  of the
Warrant in full,  subject to the  limitations  set forth in Section  1.3 hereto,
then the Company will take all such  corporate  action as may, in the opinion of
counsel to the Company,  be necessary or advisable to increase the number of its
authorized  shares of Common Stock as shall be sufficient to permit the exercise
of the  Warrant in full,  subject to the  limitations  set forth in Section  1.3
hereto,  including  without  limitation,  using its best  efforts  to obtain any
necessary  stockholder approval of such increase.  The Company further covenants
and agrees that if any shares of capital stock to be reserved for the purpose of
the issuance of shares upon the exercise of this  Warrant  require  registration
with or approval of any  governmental  authority  under any federal or state law
before such shares may be validly issued or delivered  upon  exercise,  then the
Company will in good faith and as expeditiously  as possible  endeavor to secure
such registration or approval,  as the case may be. If and so long as the Common
Stock  issuable  upon the  exercise  of this  Warrant is listed on any  national
securities  exchange or the Nasdaq Stock Market,  the Company will, if permitted
by the rules of such  exchange or market,  list and keep listed on such exchange
or market,  upon  official  notice of issuance,  all shares of such Common Stock
issuable upon exercise of this Warrant.

Other Adjustments.

1.10 SUBDIVISION OR COMBINATION OF SHARES. In case the Company shall at any time
subdivide  its  outstanding  Common Stock into a greater  number of shares,  the
Warrant  Price  in  effect  immediately  prior  to  such  subdivision  shall  be
proportionately  reduced, and the number of Shares subject to this Warrant shall
be  proportionately  increased,  and conversely,  in case the outstanding Common
Stock of the Company  shall be  combined  into a smaller  number of shares,  the
Warrant  Price  in  effect  immediately  prior  to  such  combination  shall  be
proportionately  increased,  and the number of Shares  subject  to this  Warrant
shall be proportionately decreased.

1.11 DIVIDENDS IN COMMON STOCK, OTHER STOCK OR PROPERTY.  If at any time or from
time to time the holders of  majority  in  interest of the Common  Stock (or any
shares of stock or other  securities at the time receivable upon the exercise of
this Warrant) shall have received or become entitled to receive, without payment
therefor:

         (a) Common Stock,  Options or any shares or other  securities which are
at any time directly or indirectly  convertible  into or exchangeable for Common
Stock, or any rights or options to subscribe for,  purchase or otherwise acquire
any of the foregoing by way of dividend or other distribution;

         (b) any cash paid or payable otherwise than as a regular cash dividend;
or

         (c) Common Stock or additional  shares or other  securities or property
(including cash) by way of spin-off, split-up, reclassification,  combination of
shares or similar corporate  rearrangement  (other than Common Stock issued as a
stock split or  adjustments in respect of which shall be covered by the terms of
Section 3.1 above) and additional shares, other securities or property issued in
connection with a Change (as defined below) (which shall be covered by the terms
of Section 3.4 below), then and in each such case, the Holder hereof shall, upon
the exercise of this Warrant,  be entitled to receive, in addition to the number
of shares of Common  Stock  receivable  thereupon,  and  without  payment of any
additional  consideration therefor, the amount of stock and other securities and
property  (including  cash in the cases referred to in clause (b) above and this
clause (c)) which such Holder  would hold on the date of such  exercise had such
Holder  been the holder of record of such  Common  Stock as of the date on which
holders of Common  Stock  received or became  entitled to receive such shares or
all other additional stock and other securities and property.

1.12  REORGANIZATION,  RECLASSIFICATION,  CONSOLIDATION,  MERGER OR SALE. If any
recapitalization, reclassification or reorganization of the share capital of the
Company, or any consolidation or merger of the Company with another corporation,
or the sale of all or  substantially  all of its shares  and/or  assets or other
transaction (including,  without limitation,  a sale of substantially all of its
assets  followed by a liquidation)  shall be effected in such a way that holders
of Common Stock shall be entitled to receive shares,  securities or other assets
or property  (a  "Change"),  then,  as a condition  of such  Change,  lawful and
adequate provisions shall be made by the Company whereby the Holder hereof shall
thereafter  have the right to purchase  and receive (in lieu of the Common Stock
of the Company  immediately  theretofore  purchasable  and  receivable  upon the
exercise of the rights  represented  hereby)  such shares,  securities  or other
assets or  property as may be issued or payable  with  respect to or in exchange
for the number of  outstanding  Common  Stock which such Holder  would have been
entitled to receive had such Holder exercised this Warrant  immediately prior to
the  consummation  of such Change.  The Company or its successor  shall promptly
issue to Holder a new Warrant for such new securities or other property. The new
Warrant shall provide for adjustments which shall be as nearly equivalent as may
be practicable to give effect to the adjustments  provided for in this Section 3
including,  without  limitation,  adjustments  to the  Warrant  Price and to the
number of securities or property issuable upon exercise of the new Warrant.  The
provisions of this Section 3.3 shall similarly apply to successive Changes.

Ownership and Transfer.

1.13  OWNERSHIP  OF THIS  WARRANT.  The Company may deem and treat the person in
whose  name  this  Warrant  is   registered  as  the  holder  and  owner  hereof
(notwithstanding  any  notations of  ownership or writing  hereon made by anyone
other than the Company) for all purposes and shall not be affected by any notice
to the contrary until  presentation of this Warrant for registration of transfer
as provided in this Section 4.

1.14  TRANSFER  AND  REPLACEMENT.  This  Warrant  and all rights  hereunder  are
transferable  in whole or in part upon the books of the  Company  by the  Holder
hereof in person or by duly authorized attorney,  and a new Warrant or Warrants,
of the same tenor as this Warrant but  registered in the name of the  transferee
or  transferees  (and in the  name  of the  Holder,  if a  partial  transfer  is

                                                                          Page 2
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effected)  shall be made and  delivered  by the Company  upon  surrender of this
Warrant duly endorsed,  at the office of the Company in accordance  with Section
5.1 hereof. Upon receipt by the Company of evidence  reasonably  satisfactory to
it of the loss,  theft or  destruction,  and,  in such  case,  of  indemnity  or
security  reasonably  satisfactory  to it, and upon surrender of this Warrant if
mutilated,  the Company  will make and  deliver a new Warrant of like tenor,  in
lieu of this Warrant;  provided that if the Holder hereof is an  instrumentality
of a state or local government or an institutional  holder or a nominee for such
an instrumentality or institutional holder an irrevocable agreement of indemnity
by such Holder  shall be  sufficient  for all purposes of this  Warrant,  and no
evidence of loss or theft or destruction shall be necessary.  This Warrant shall
be promptly  cancelled by the Company upon the  surrender  hereof in  connection
with any transfer or  replacement.  Except as otherwise  provided  above, in the
case of the loss,  theft or destruction of a Warrant,  the Company shall pay all
expenses,  taxes and other charges  payable in  connection  with any transfer or
replacement  of this Warrant,  other than income taxes and stock  transfer taxes
(if any) payable in connection  with a transfer of this Warrant,  which shall be
payable by the Holder.  Holder  will not  transfer  this  Warrant and the rights
hereunder except in compliance with federal and state securities laws and except
after  providing  evidence of such  compliance  reasonably  satisfactory  to the
Company.

Miscellaneous Provisions.

1.15 NOTICES.  Any notice or other document required or permitted to be given or
delivered  to the Holder  shall be  delivered  or forwarded to the Holder at c/o
Mercator Advisory Group, LLC, 555 South Flower Street,  Suite 4500, Los Angeles,
California 90071, Attention: David F. Firestone (Facsimile No. 213/553-8285), or
to such other  address or number as shall have been  furnished to the Company in
writing by the Holder, with a copy to Sheppard Mullin Richter & Hampton LLP, 333
South Hope Street,  48th Floor,  Los Angeles,  California  90071-1448  Attention
David C.  Ulich  (Facsimile  No.  213/620-1398).  Any  notice or other  document
required or permitted to be given or delivered to the Company shall be delivered
or forwarded to the Company at Invisa, Inc., 4400 Independence Court,  Sarasota,
Florida 34234, facsimile 941-355-9373,  with a copy to Barry I. Grossman,  Esq.,
Ellenoff Grossman & Schole LLP , 370 Lexington Avenue,  New York, NY 10017, Fax:
+1 (212)  370-7889  or to such  other  address  or  number  as shall  have  been
furnished to Holder in writing by the Company.

1.16 All notices,  requests and  approvals  required by this Warrant shall be in
writing and shall be conclusively  deemed to be given (i) when hand-delivered to
the other  party,  (ii) when  received if sent by  facsimile  at the address and
number set forth above;  provided that notices  given by facsimile  shall not be
effective,  unless  either  (a) a  duplicate  copy of such  facsimile  notice is
promptly given by depositing the same in the mail, postage prepaid and addressed
to the party as set forth below or (b) the  receiving  party  delivers a written
confirmation of receipt for such notice by any other method permitted under this
paragraph;  and further  provided  that any notice given by  facsimile  received
after  5:00 p.m.  (recipient's  time) or on a  non-business  day shall be deemed
received on the next business day; (iii) five (5) business days after deposit in
the United States mail,  certified,  return receipt requested,  postage prepaid,
and  addressed  to the party as set forth below;  or (iv) the next  business day
after deposit with an international overnight delivery service, postage prepaid,
addressed  to the  party as set forth  below  with next  business  day  delivery
guaranteed;  provided that the sending party receives  confirmation  of delivery
from the delivery service provider.

1.17 NO RIGHTS AS SHAREHOLDER;  LIMITATION OF LIABILITY.  This Warrant shall not
entitle the Holder to any of the rights of a shareholder  of the Company  except
upon exercise in accordance with the terms hereof.  No provision  hereof, in the
absence of affirmative  action by the Holder to purchase shares of Common Stock,
and no mere enumeration herein of the rights or privileges of the Holder,  shall
give rise to any liability of the Holder for the Warrant Price hereunder or as a
shareholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company.

1.18  BINDING  EFFECT ON  SUCCESSORS.  This  Warrant  shall be binding  upon any
corporation  succeeding the Company by merger,  consolidation  or acquisition of
all or substantially all of the Company's assets and/or  securities.  All of the
obligations of the Company  relating to the Shares issuable upon the exercise of
this Warrant shall survive the exercise and termination of this Warrant.  All of
the  covenants  and  agreements of the Company shall inure to the benefit of the
successors and assigns of the Holder.

1.19 WAIVER,  AMENDMENTS AND HEADINGS. This Warrant and any provision hereof may
be changed,  waived,  discharged or terminated  only by an instrument in writing
signed by both parties (either generally or in a particular  instance and either
retroactively or  prospectively).  The headings in this Warrant are for purposes
of reference only and shall not affect the meaning or construction of any of the
provisions hereof.

1.20  GOVERNING  LAW;  JURISDICTION.  This  Agreement  shall be  governed by and
construed in accordance  with the laws of the State of California  applicable to
contracts  made and to be  performed  in the  State of  California.  Each of the
parties  irrevocably  agrees that any and all suits or  proceedings  based on or
arising under this Agreement may be brought only in and shall be resolved in the
federal or state  courts  located  in the City of Los  Angeles,  California  and
consents  to the  jurisdiction  of such  courts  for such  purpose.  Each of the
parties  irrevocably  waives  the  defense  of  an  inconvenient  forum  to  the
maintenance  of such suit or proceeding  in any such court.  Each of the parties
further  agrees that  service of process  upon such party  mailed by first class
mail to the address  set forth in Section  5.1 shall be deemed in every  respect
effective  service  of process  upon such party in any such suit or  proceeding.
Nothing  herein shall affect the right of a Holder to serve process in any other
manner permitted by law. Each of the parties agrees that a final  non-appealable
judgment in any such suit or proceeding  shall be conclusive and may be enforced
in other jurisdictions by suit on such judgment or in any other lawful manner.

1.21  ATTORNEYS'  FEES AND  DISBURSEMENTS.  If any action at law or in equity is
necessary to enforce or interpret the terms of this  Agreement,  the  prevailing
party or parties  shall be entitled  to receive  from the other party or parties
reasonable  attorneys' fees and disbursements in addition to any other relief to
which the prevailing party or parties may be entitled.

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<PAGE>

IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly
authorized officer this 16 day of August, 2004.

COMPANY:
                                               INVISA, INC.

                                               By   /s/ Herbert M. Lustig
                                                  ------------------------------
                                               Print Name:   Herbert M. Lustig
                                                           ---------------------
                                               Title:        President & CEO
                                                           ---------------------

                                                                          Page 4

<PAGE>

                                   SCHEDULE A

                           FORM OF NOTICE OF EXERCISE

                [TO BE SIGNED ONLY UPON EXERCISE OF THE WARRANT]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO EXERCISE THE WITHIN WARRANT

The  undersigned  hereby elects to purchase  _______ shares of Common Stock (the
"Shares")  of Invisa,  Inc.  under the  Warrant to Purchase  Common  Stock dated
_________ __ , 2004,  which the undersigned is entitled to purchase  pursuant to
the  terms of such  Warrant.  The  undersigned  has  delivered  $_________,  the
aggregate Warrant Price for _____ Shares purchased herewith,  in full in cash or
by certified or official bank check or wire transfer.

         Please issue a certificate or certificates  representing such shares of
Common  Stock  in the  name  of the  undersigned  or in  such  other  name as is
specified below and in the denominations as is set forth below:

         -----------------------------------------------------------------------
         [Type Name of Holder as it should appear on the stock certificate]

         -----------------------------------------------------------------------
         [Requested  Denominations - if no  denomination is specified,  a single
         certificate will be issued]

         The  initial  address  of such  Holder  to be  entered  on the books of
         Company shall be:

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

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

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

         The undersigned  hereby represents and warrants that the undersigned is
acquiring such shares for his own account for investment  purposes only, and not
for resale or with a view to distribution of such shares or any part thereof.

                                          By:
                                             -----------------------------------

                                          Print Name:
                                                     ---------------------------

                                          Title:
                                                --------------------------------

                                          Dated:
                                                --------------------------------

                                      -1-
<PAGE>

                               FORM OF ASSIGNMENT
                                    (ENTIRE)

               [TO BE SIGNED ONLY UPON TRANSFER OF ENTIRE WARRANT]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO TRANSFER THE WITHIN WARRANT

FOR  VALUE  RECEIVED   ___________________________  hereby  sells,  assigns  and
transfers  unto  _______________________________  all rights of the  undersigned
under and  pursuant  to the within  Warrant,  and the  undersigned  does  hereby
irrevocably  constitute and appoint  _____________________  Attorney to transfer
the said  Warrant  on the  books  of  ________  _________,  with  full  power of
substitution.

---------------------------------------------------
[Type Name of Holder]

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

Dated:
        -------------------------------------------

NOTICE

The signature to the foregoing Assignment must correspond exactly to the name as
written upon the face of the within Warrant,  without  alteration or enlargement
or any change whatsoever.

                                      -1-
<PAGE>

                               FORM OF ASSIGNMENT
                                    (PARTIAL)

              [TO BE SIGNED ONLY UPON PARTIAL TRANSFER OF WARRANT]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO TRANSFER THE WITHIN WARRANT

FOR  VALUE  RECEIVED   ___________________________  hereby  sells,  assigns  and
transfers unto ____________________________ (i) the rights of the undersigned to
purchase  ____________________  shares of Common Stock under and pursuant to the
within  Warrant,  and (ii) on a  non-exclusive  basis,  all other  rights of the
undersigned  under and pursuant to the within Warrant,  it being understood that
the undersigned shall retain, severally (and not jointly) with the transferee(s)
named herein, all rights assigned on such  non-exclusive  basis. The undersigned
does  hereby  irrevocably  constitute  and  appoint   __________________________
Attorney to transfer  the said Warrant on the books of Invisa,  Inc.,  with full
power of substitution.

--------------------------------------
[Type Name of Holder]

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

Dated:
        ------------------------------

NOTICE

The signature to the foregoing Assignment must correspond exactly to the name as
written upon the face of the within Warrant,  without  alteration or enlargement
or any change whatsoever.

                                      -1-
<PAGE>

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                        WARRANT TO PURCHASE COMMON STOCK
--------------------------------------------------------------------------------

 THIS WARRANT AND THE SECURITIES  ISSUABLE  HEREUNDER  HAVE NOT BEEN  REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THEY
MAY NOT BE SOLD,  OFFERED  FOR SALE,  PLEDGED OR  OTHERWISE  TRANSFERRED  IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND ANY APPLICABLE
STATE  SECURITIES  LAWS OR THE  AVAILABILITY  OF AN EXEMPTION FROM  REGISTRATION
UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

                        WARRANT TO PURCHASE COMMON STOCK

       NUMBER OF SHARES:   Up to 750,000 shares (subject to adjustment)
                           --------------------------------------------
       WARRANT PRICE:      $1.00 per share
                           ---------------
       ISSUANCE DATE:      August 16, 2004
                           ---------------
       EXPIRATION DATE:    August 16, 2007
                           ---------------

THIS WARRANT CERTIFIES THAT for value received,  Mercator Advisory Group, LLC or
its registered assigns (hereinafter called the "HOLDER") is entitled to purchase
from Invisa,  Inc.  (hereinafter  called the  "COMPANY"),  the above  referenced
number of fully paid and  nonassessable  shares (the  "SHARES")  of common stock
(the "COMMON  STOCK"),  of Company,  at the Warrant  Price per Share  referenced
above; the number of shares purchasable upon exercise of this Warrant referenced
above being subject to adjustment  from time to time as described  herein.  This
Warrant is issued in connection with that certain  Subscription  Agreement dated
as of August 16, 2004, by and between the Company and Holder (the  "SUBSCRIPTION
AGREEMENT").  The exercise of this Warrant  shall be subject to the  provisions,
limitations and restrictions contained herein.

1. TERM AND EXERCISE.

1.1 TERM.  This  Warrant is  exercisable  in whole or in part (but not as to any
fractional  share of Common Stock),  at any time and from time to time after the
date hereof prior to 6:00 p.m. on the Expiration Date set forth above.

1.2  WARRANT  PRICE.  The Warrant  shall be  exercisable  at the  Warrant  Price
described above.

1.3  MAXIMUM  NUMBER OF SHARES.  The  maximum  number of Shares of Common  Stock
exercisable pursuant to this Warrant is 750,000 Shares. However, notwithstanding
anything  herein to the  contrary,  in no event shall the Holder be permitted to
exercise this Warrant for a number of Shares  greater than the number that would
cause  the  aggregate   beneficial  ownership  of  the  Company's  Common  Stock
(calculated  pursuant to Rule 13d-3 of the  Securities  Exchange Act of 1934, as
amended) of the Holder and all persons affiliated with the Holder to equal 9.99%
of the Company's Common Stock then outstanding.

1.4  PROCEDURE  FOR  EXERCISE OF WARRANT.  Holder may  exercise  this Warrant by
delivering  the following to the  principal  office of the Company in accordance
with Section 5.1 hereof: (i) a duly executed Notice of Exercise in substantially
the form  attached  as Schedule  A, (ii)  payment of the  Warrant  Price then in
effect for each of the Shares being  purchased,  as  designated in the Notice of
Exercise,  and (iii) this Warrant.  Payment of the Warrant Price may be in cash,
certified or official  bank check  payable to the order of the Company,  or wire
transfer of funds to the  Company's  account (or any  combination  of any of the
foregoing) in the amount of the Warrant Price for each share being purchased.

1.5 DELIVERY OF CERTIFICATE AND NEW WARRANT. In the event of any exercise of the
rights represented by this Warrant, a certificate or certificates for the shares
of Common Stock so purchased, registered in the name of the Holder or such other
name or  names as may be  designated  by the  Holder,  together  with any  other
securities  or other  property  which the Holder is  entitled  to  receive  upon
exercise  of this  Warrant,  shall be  delivered  to the Holder  hereof,  at the
Company's expense, within a reasonable time, not exceeding fifteen (15) calendar
days, after the rights represented by this Warrant shall have been so exercised;
and, unless this Warrant has expired,  a new Warrant  representing the number of
Shares,  if any,  with  respect to which this  Warrant  shall not then have been
exercised shall also be issued to the Holder hereof within such time. The person
in whose name any certificate for shares of Common Stock is issued upon exercise
of this  Warrant  shall for all  purposes be deemed to have become the holder of
record of such  shares  on the date on which the  Warrant  was  surrendered  and
payment of the Warrant  Price was received by the Company,  irrespective  of the
date of delivery of such certificate, except that, if the date of such surrender
and  payment  is on a date  when the stock  transfer  books of the  Company  are
closed,  such person shall be deemed to have become the holder of such Shares at
the close of business on the next  succeeding  date on which the stock  transfer
books are open.

1.6  RESTRICTIVE  LEGEND.  Each  certificate for Shares shall bear a restrictive
legend in substantially the form as follows, together with any additional legend
required by (i) any  applicable  state  securities  laws and (ii) any securities
exchange upon which such Shares may, at the time of such exercise, be listed:

      THE SHARES OF STOCK EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED,
      SOLD, PLEDGED OR OTHERWISE  TRANSFERRED  ("TRANSFERRED") IN THE ABSENCE OF
      SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM.  IN THE ABSENCE OF
      SUCH  REGISTRATION,  SUCH  SHARES MAY NOT BE  TRANSFERRED  UNLESS,  IF THE
      COMPANY REQUESTS,  THE COMPANY HAS RECEIVED A WRITTEN OPINION FROM COUNSEL
      IN FORM AND  SUBSTANCE  SATISFACTORY  TO THE  COMPANY  STATING  THAT  SUCH
      TRANSFER IS BEING MADE IN COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE
      SECURITIES LAWS.

Any  certificate  issued  at any  time  in  exchange  or  substitution  for  any
certificate  bearing  such  legend  shall also bear such legend  unless,  in the
opinion of counsel for the Holder  thereof  (which  counsel  shall be reasonably
satisfactory  to the Company),  the securities  represented  thereby are not, at
such time, required by law to bear such legend.

1.7 FRACTIONAL  SHARES.  No fractional Shares shall be issuable upon exercise or
conversion of the Warrant. In the event of a fractional interest,  the number of
Shares to be issued shall be rounded up to the nearest whole Share.

                                                                          pAGE 1
<PAGE>

2.       REPRESENTATIONS, WARRANTIES AND COVENANTS.

2.1      REPRESENTATIONS AND WARRANTIES.

         (a) The Company is a corporation  duly organized,  validly existing and
in good  standing  under  the  laws of its  state of  incorporation  and has all
necessary power and authority to perform its obligations under this Warrant;

         (b) The  execution,  delivery and  performance of this Warrant has been
duly  authorized  by all  necessary  actions  on the  part  of the  Company  and
constitutes the legal, valid and binding obligation of the Company,  enforceable
against the Company in accordance with its terms; and

         (c) This  Warrant  does not violate and is not in conflict  with any of
the  provisions of the Company's  Articles of  Incorporation  or  Certificate of
Determination, Bylaws and any resolutions of the Company's Board of Directors or
stockholders,  or any agreement of the Company, and no event has occurred and no
condition or circumstance  exists that might (with or without notice or lapse of
time)  constitute  or result  directly  or  indirectly  in such a  violation  or
conflict.

2.2  ISSUANCE  OF SHARES.  The Company  covenants  and agrees that all shares of
Common Stock that may be issued upon the exercise of the rights  represented  by
this  Warrant  will,  upon  issuance,   be  validly   issued,   fully  paid  and
nonassessable,  and free from all taxes,  liens and charges  with respect to the
issue thereof.  The Company  further  covenants and agrees that it will pay when
due and  payable  any and all  federal  and state  taxes which may be payable in
respect  of the  issue of this  Warrant  or any  Common  Stock  or  certificates
therefor  issuable  upon the  exercise  of this  Warrant.  The  Company  further
covenants  and agrees that the  Company  will at all times have  authorized  and
reserved,  free from preemptive  rights, a sufficient number of shares of Common
Stock to provide  for the  exercise  in full of the rights  represented  by this
Warrant.  If at any time the number of authorized but unissued  shares of Common
Stock of the  Company  shall not be  sufficient  to effect the  exercise  of the
Warrant in full,  subject to the  limitations  set forth in Section  1.3 hereto,
then the Company will take all such  corporate  action as may, in the opinion of
counsel to the Company,  be necessary or advisable to increase the number of its
authorized  shares of Common Stock as shall be sufficient to permit the exercise
of the  Warrant in full,  subject to the  limitations  set forth in Section  1.3
hereto,  including  without  limitation,  using its best  efforts  to obtain any
necessary  stockholder approval of such increase.  The Company further covenants
and agrees that if any shares of capital stock to be reserved for the purpose of
the issuance of shares upon the exercise of this  Warrant  require  registration
with or approval of any  governmental  authority  under any federal or state law
before such shares may be validly issued or delivered  upon  exercise,  then the
Company will in good faith and as expeditiously  as possible  endeavor to secure
such registration or approval,  as the case may be. If and so long as the Common
Stock  issuable  upon the  exercise  of this  Warrant is listed on any  national
securities  exchange or the Nasdaq Stock Market,  the Company will, if permitted
by the rules of such  exchange or market,  list and keep listed on such exchange
or market,  upon  official  notice of issuance,  all shares of such Common Stock
issuable upon exercise of this Warrant.

3.       OTHER ADJUSTMENTS.

3.1 SUBDIVISION OR COMBINATION OF SHARES.  In case the Company shall at any time
subdivide  its  outstanding  Common Stock into a greater  number of shares,  the
Warrant  Price  in  effect  immediately  prior  to  such  subdivision  shall  be
proportionately  reduced, and the number of Shares subject to this Warrant shall
be  proportionately  increased,  and conversely,  in case the outstanding Common
Stock of the Company  shall be  combined  into a smaller  number of shares,  the
Warrant  Price  in  effect  immediately  prior  to  such  combination  shall  be
proportionately  increased,  and the number of Shares  subject  to this  Warrant
shall be proportionately decreased.

3.2 DIVIDENDS IN COMMON STOCK,  OTHER STOCK OR PROPERTY.  If at any time or from
time to time the holders of  majority  in  interest of the Common  Stock (or any
shares of stock or other  securities at the time receivable upon the exercise of
this Warrant) shall have received or become entitled to receive, without payment
therefor:

         (a) Common Stock,  Options or any shares or other  securities which are
at any time directly or indirectly  convertible  into or exchangeable for Common
Stock, or any rights or options to subscribe for,  purchase or otherwise acquire
any of the foregoing by way of dividend or other distribution;

         (b) any cash paid or payable otherwise than as a regular cash dividend;
or

         (c) Common Stock or additional  shares or other  securities or property
(including cash) by way of spin-off, split-up, reclassification,  combination of
shares or similar corporate  rearrangement  (other than Common Stock issued as a
stock split or  adjustments in respect of which shall be covered by the terms of
Section 3.1 above) and additional shares, other securities or property issued in
connection with a Change (as defined below) (which shall be covered by the terms
of Section 3.4 below), then and in each such case, the Holder hereof shall, upon
the exercise of this Warrant,  be entitled to receive, in addition to the number
of shares of Common  Stock  receivable  thereupon,  and  without  payment of any
additional  consideration therefor, the amount of stock and other securities and
property  (including  cash in the cases referred to in clause (b) above and this
clause (c)) which such Holder  would hold on the date of such  exercise had such
Holder  been the holder of record of such  Common  Stock as of the date on which
holders of Common  Stock  received or became  entitled to receive such shares or
all other additional stock and other securities and property.

3.3  REORGANIZATION,  RECLASSIFICATION,  CONSOLIDATION,  MERGER OR SALE.  If any
recapitalization, reclassification or reorganization of the share capital of the
Company, or any consolidation or merger of the Company with another corporation,
or the sale of all or  substantially  all of its shares  and/or  assets or other
transaction (including,  without limitation,  a sale of substantially all of its
assets  followed by a liquidation)  shall be effected in such a way that holders
of Common Stock shall be entitled to receive shares,  securities or other assets
or property  (a  "Change"),  then,  as a condition  of such  Change,  lawful and
adequate provisions shall be made by the Company whereby the Holder hereof shall
thereafter  have the right to purchase  and receive (in lieu of the Common Stock
of the Company  immediately  theretofore  purchasable  and  receivable  upon the
exercise of the rights  represented  hereby)  such shares,  securities  or other
assets or  property as may be issued or payable  with  respect to or in exchange
for the number of  outstanding  Common  Stock which such Holder  would have been
entitled to receive had such Holder exercised this Warrant  immediately prior to
the  consummation  of such Change.  The Company or its successor  shall promptly
issue to Holder a new Warrant for such new securities or other property. The new
Warrant shall provide for adjustments which shall be as nearly equivalent as may
be practicable to give effect to the adjustments  provided for in this Section 3
including,  without  limitation,  adjustments  to the  Warrant  Price and to the
number of securities or property issuable upon exercise of the new Warrant.  The
provisions of this Section 3.3 shall similarly apply to successive Changes.

4.       OWNERSHIP AND TRANSFER.

4.1  OWNERSHIP  OF THIS  WARRANT.  The  Company may deem and treat the person in
whose  name  this  Warrant  is   registered  as  the  holder  and  owner  hereof
(notwithstanding  any  notations of  ownership or writing  hereon made by anyone
other than the Company) for all purposes and shall not be affected by any notice
to the contrary until  presentation of this Warrant for registration of transfer
as provided in this Section 4.

4.2  TRANSFER  AND  REPLACEMENT.  This  Warrant  and all  rights  hereunder  are
transferable  in whole or in part upon the books of the  Company  by the  Holder
hereof in person or by duly authorized attorney,  and a new Warrant or Warrants,
of the same tenor as this Warrant but  registered in the name of the  transferee
or  transferees  (and in the  name  of the  Holder,  if a  partial  transfer  is
effected)  shall be made and  delivered  by the Company  upon  surrender of this
Warrant duly endorsed,  at the office of the Company in accordance  with Section
5.1 hereof. Upon receipt by the Company of evidence  reasonably  satisfactory to
it of the loss,  theft or  destruction,  and,  in such  case,  of  indemnity  or
security  reasonably  satisfactory  to it, and upon surrender of this Warrant if
mutilated,  the Company  will make and  deliver a new Warrant of like tenor,  in
lieu of this Warrant;  provided that if the Holder hereof is an  instrumentality

                                                                          Page 2

<PAGE>

of a state or local government or an institutional  holder or a nominee for such
an instrumentality or institutional holder an irrevocable agreement of indemnity
by such Holder  shall be  sufficient  for all purposes of this  Warrant,  and no
evidence of loss or theft or destruction shall be necessary.  This Warrant shall
be promptly  cancelled by the Company upon the  surrender  hereof in  connection
with any transfer or  replacement.  Except as otherwise  provided  above, in the
case of the loss,  theft or destruction of a Warrant,  the Company shall pay all
expenses,  taxes and other charges  payable in  connection  with any transfer or
replacement  of this Warrant,  other than income taxes and stock  transfer taxes
(if any) payable in connection  with a transfer of this Warrant,  which shall be
payable by the Holder.  Holder  will not  transfer  this  Warrant and the rights
hereunder except in compliance with federal and state securities laws and except
after  providing  evidence of such  compliance  reasonably  satisfactory  to the
Company.

5.       MISCELLANEOUS PROVISIONS.

5.1 NOTICES.  Any notice or other document  required or permitted to be given or
delivered  to the Holder  shall be  delivered  or forwarded to the Holder at c/o
Mercator Advisory Group, LLC, 555 South Flower Street,  Suite 4500, Los Angeles,
California 90071, Attention: David F. Firestone (Facsimile No. 213/553-8285), or
to such other  address or number as shall have been  furnished to the Company in
writing by the Holder, with a copy to Sheppard Mullin Richter & Hampton LLP, 333
South Hope Street,  48th Floor,  Los Angeles,  California  90071-1448  Attention
David C.  Ulich  (Facsimile  No.  213/620-1398).  Any  notice or other  document
required or permitted to be given or delivered to the Company shall be delivered
or forwarded to the Company at Invisa, Inc., 4400 Independence Court,  Sarasota,
Florida 34234, facsimile 941-355-9373,  with a copy to Barry I. Grossman,  Esq.,
Ellenoff Grossman & Schole LLP , 370 Lexington Avenue,  New York, NY 10017, Fax:
+1 (212)  370-7889  or to such  other  address  or  number  as shall  have  been
furnished to Holder in writing by the Company.

5.2 All notices,  requests and  approvals  required by this Warrant  shall be in
writing and shall be conclusively  deemed to be given (i) when hand-delivered to
the other  party,  (ii) when  received if sent by  facsimile  at the address and
number set forth above;  provided that notices  given by facsimile  shall not be
effective,  unless  either  (a) a  duplicate  copy of such  facsimile  notice is
promptly given by depositing the same in the mail, postage prepaid and addressed
to the party as set forth below or (b) the  receiving  party  delivers a written
confirmation of receipt for such notice by any other method permitted under this
paragraph;  and further  provided  that any notice given by  facsimile  received
after  5:00 p.m.  (recipient's  time) or on a  non-business  day shall be deemed
received on the next business day; (iii) five (5) business days after deposit in
the United States mail,  certified,  return receipt requested,  postage prepaid,
and  addressed  to the party as set forth below;  or (iv) the next  business day
after deposit with an international overnight delivery service, postage prepaid,
addressed  to the  party as set forth  below  with next  business  day  delivery
guaranteed;  provided that the sending party receives  confirmation  of delivery
from the delivery service provider.

5.3 NO RIGHTS AS  SHAREHOLDER;  LIMITATION OF LIABILITY.  This Warrant shall not
entitle the Holder to any of the rights of a shareholder  of the Company  except
upon exercise in accordance with the terms hereof.  No provision  hereof, in the
absence of affirmative  action by the Holder to purchase shares of Common Stock,
and no mere enumeration herein of the rights or privileges of the Holder,  shall
give rise to any liability of the Holder for the Warrant Price hereunder or as a
shareholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company.

5.4  BINDING  EFFECT ON  SUCCESSORS.  This  Warrant  shall be  binding  upon any
corporation  succeeding the Company by merger,  consolidation  or acquisition of
all or substantially all of the Company's assets and/or  securities.  All of the
obligations of the Company  relating to the Shares issuable upon the exercise of
this Warrant shall survive the exercise and termination of this Warrant.  All of
the  covenants  and  agreements of the Company shall inure to the benefit of the
successors and assigns of the Holder.

5.5 WAIVER,  AMENDMENTS AND HEADINGS.  This Warrant and any provision hereof may
be changed,  waived,  discharged or terminated  only by an instrument in writing
signed by both parties (either generally or in a particular  instance and either
retroactively or  prospectively).  The headings in this Warrant are for purposes
of reference only and shall not affect the meaning or construction of any of the
provisions hereof.

5.6  GOVERNING  LAW;  JURISDICTION.  This  Agreement  shall be  governed  by and
construed in accordance  with the laws of the State of California  applicable to
contracts  made and to be  performed  in the  State of  California.  Each of the
parties  irrevocably  agrees that any and all suits or  proceedings  based on or
arising under this Agreement may be brought only in and shall be resolved in the
federal or state  courts  located  in the City of Los  Angeles,  California  and
consents  to the  jurisdiction  of such  courts  for such  purpose.  Each of the
parties  irrevocably  waives  the  defense  of  an  inconvenient  forum  to  the
maintenance  of such suit or proceeding  in any such court.  Each of the parties
further  agrees that  service of process  upon such party  mailed by first class
mail to the address  set forth in Section  5.1 shall be deemed in every  respect
effective  service  of process  upon such party in any such suit or  proceeding.
Nothing  herein shall affect the right of a Holder to serve process in any other
manner permitted by law. Each of the parties agrees that a final  non-appealable
judgment in any such suit or proceeding  shall be conclusive and may be enforced
in other jurisdictions by suit on such judgment or in any other lawful manner.

5.7  ATTORNEYS'  FEES AND  DISBURSEMENTS.  If any  action at law or in equity is
necessary to enforce or interpret the terms of this  Agreement,  the  prevailing
party or parties  shall be entitled  to receive  from the other party or parties
reasonable  attorneys' fees and disbursements in addition to any other relief to
which the prevailing party or parties may be entitled.

                                                                          Page 3

<PAGE>

IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly
authorized officer this 16 day of August, 2004.

COMPANY:
                                              INVISA, INC.

                                              By   /s/ Herbert M. Lustig
                                                  ------------------------------
                                              Print Name:  Herbert M. Lustig
                                                          ----------------------
                                              Title:       President & CEO
                                                          ----------------------

                                                                          Page 4

<PAGE>

                                   SCHEDULE A

                           FORM OF NOTICE OF EXERCISE

                [TO BE SIGNED ONLY UPON EXERCISE OF THE WARRANT]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO EXERCISE THE WITHIN WARRANT

The  undersigned  hereby elects to purchase  _______ shares of Common Stock (the
"Shares")  of Invisa,  Inc.  under the  Warrant to Purchase  Common  Stock dated
_________ __ , 2004,  which the undersigned is entitled to purchase  pursuant to
the  terms of such  Warrant.  The  undersigned  has  delivered  $_________,  the
aggregate Warrant Price for _____ Shares purchased herewith,  in full in cash or
by certified or official bank check or wire transfer.

         Please issue a certificate or certificates  representing such shares of
Common  Stock  in the  name  of the  undersigned  or in  such  other  name as is
specified below and in the denominations as is set forth below:

         -----------------------------------------------------------------------
         [Type Name of Holder as it should appear on the stock certificate]

         -----------------------------------------------------------------------
         [Requested  Denominations - if no  denomination is specified,  a single
         certificate will be issued]

         The  initial  address  of such  Holder  to be  entered  on the books of
         Company shall be:

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

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

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

         The undersigned  hereby represents and warrants that the undersigned is
acquiring such shares for his own account for investment  purposes only, and not
for resale or with a view to distribution of such shares or any part thereof.

                                         By:
                                            ------------------------------------

                                         Print Name:
                                                    ----------------------------

                                         Title:
                                               ---------------------------------

                                         Dated:
                                               ---------------------------------

                                      -1-
<PAGE>

                               FORM OF ASSIGNMENT
                                    (ENTIRE)

               [TO BE SIGNED ONLY UPON TRANSFER OF ENTIRE WARRANT]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO TRANSFER THE WITHIN WARRANT

FOR  VALUE  RECEIVED   ___________________________  hereby  sells,  assigns  and
transfers  unto  _______________________________  all rights of the  undersigned
under and  pursuant  to the within  Warrant,  and the  undersigned  does  hereby
irrevocably  constitute and appoint  _____________________  Attorney to transfer
the said  Warrant  on the  books  of  ________  _________,  with  full  power of
substitution.

---------------------------------------------------
[Type Name of Holder]

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

Dated:
        -------------------------------------------

NOTICE

The signature to the foregoing Assignment must correspond exactly to the name as
written upon the face of the within Warrant,  without  alteration or enlargement
or any change whatsoever.

                                      -1-
<PAGE>

                               FORM OF ASSIGNMENT
                                    (PARTIAL)

              [TO BE SIGNED ONLY UPON PARTIAL TRANSFER OF WARRANT]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO TRANSFER THE WITHIN WARRANT

FOR  VALUE  RECEIVED   ___________________________  hereby  sells,  assigns  and
transfers unto ____________________________ (i) the rights of the undersigned to
purchase  ____________________  shares of Common Stock under and pursuant to the
within  Warrant,  and (ii) on a  non-exclusive  basis,  all other  rights of the
undersigned  under and pursuant to the within Warrant,  it being understood that
the undersigned shall retain, severally (and not jointly) with the transferee(s)
named herein, all rights assigned on such  non-exclusive  basis. The undersigned
does  hereby  irrevocably  constitute  and  appoint   __________________________
Attorney to transfer  the said Warrant on the books of Invisa,  Inc.,  with full
power of substitution.

[Type Name of Holder]

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

Dated:
        -------------------------------------------

NOTICE

The signature to the foregoing Assignment must correspond exactly to the name as
written upon the face of the within Warrant,  without  alteration or enlargement
or any change whatsoever.

                                      -1-

<PAGE>

--------------------------------------------------------------------------------
                        WARRANT TO PURCHASE COMMON STOCK
--------------------------------------------------------------------------------

 THIS WARRANT AND THE SECURITIES  ISSUABLE  HEREUNDER  HAVE NOT BEEN  REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THEY
MAY NOT BE SOLD,  OFFERED  FOR SALE,  PLEDGED OR  OTHERWISE  TRANSFERRED  IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND ANY APPLICABLE
STATE  SECURITIES  LAWS OR THE  AVAILABILITY  OF AN EXEMPTION FROM  REGISTRATION
UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

                        WARRANT TO PURCHASE COMMON STOCK

       NUMBER OF SHARES:       Up to 499,432 shares (subject to adjustment)
                               --------------------------------------------
       WARRANT PRICE:          $1.00 per share
                               ---------------
       ISSUANCE DATE:          August 16, 2004
                               ---------------
       EXPIRATION DATE:        August 16, 2007
                               ---------------

THIS WARRANT  CERTIFIES THAT for value received,  Monarch Pointe Fund,  Ltd., or
its registered assigns (hereinafter called the "HOLDER") is entitled to purchase
from Invisa,  Inc.  (hereinafter  called the  "COMPANY"),  the above  referenced
number of fully paid and  nonassessable  shares (the  "SHARES")  of common stock
(the "COMMON  STOCK"),  of Company,  at the Warrant  Price per Share  referenced
above; the number of shares purchasable upon exercise of this Warrant referenced
above being subject to adjustment  from time to time as described  herein.  This
Warrant is issued in connection with that certain  Subscription  Agreement dated
as of August 16, 2004, by and between the Company and Holder (the  "SUBSCRIPTION
AGREEMENT").  The exercise of this Warrant  shall be subject to the  provisions,
limitations and restrictions contained herein.

1.  TERM AND EXERCISE.

1.1 TERM.  This  Warrant is  exercisable  in whole or in part (but not as to any
fractional  share of Common Stock),  at any time and from time to time after the
date hereof prior to 6:00 p.m. on the Expiration Date set forth above.

1.2  WARRANT  PRICE.  The Warrant  shall be  exercisable  at the  Warrant  Price
described above.

1.3  MAXIMUM  NUMBER OF SHARES.  The  maximum  number of Shares of Common  Stock
exercisable pursuant to this Warrant is 499,432 Shares. However, notwithstanding
anything  herein to the  contrary,  in no event shall the Holder be permitted to
exercise this Warrant for a number of Shares  greater than the number that would
cause  the  aggregate   beneficial  ownership  of  the  Company's  Common  Stock
(calculated  pursuant to Rule 13d-3 of the  Securities  Exchange Act of 1934, as
amended) of the Holder and all persons affiliated with the Holder to equal 9.99%
of the Company's Common Stock then outstanding.

1.4  PROCEDURE  FOR  EXERCISE OF WARRANT.  Holder may  exercise  this Warrant by
delivering  the following to the  principal  office of the Company in accordance
with Section 5.1 hereof: (i) a duly executed Notice of Exercise in substantially
the form  attached  as Schedule  A, (ii)  payment of the  Warrant  Price then in
effect for each of the Shares being  purchased,  as  designated in the Notice of
Exercise,  and (iii) this Warrant.  Payment of the Warrant Price may be in cash,
certified or official  bank check  payable to the order of the Company,  or wire
transfer of funds to the  Company's  account (or any  combination  of any of the
foregoing) in the amount of the Warrant Price for each share being purchased.

1.5 DELIVERY OF CERTIFICATE AND NEW WARRANT. In the event of any exercise of the
rights represented by this Warrant, a certificate or certificates for the shares
of Common Stock so purchased, registered in the name of the Holder or such other
name or  names as may be  designated  by the  Holder,  together  with any  other
securities  or other  property  which the Holder is  entitled  to  receive  upon
exercise  of this  Warrant,  shall be  delivered  to the Holder  hereof,  at the
Company's expense, within a reasonable time, not exceeding fifteen (15) calendar
days, after the rights represented by this Warrant shall have been so exercised;
and, unless this Warrant has expired,  a new Warrant  representing the number of
Shares,  if any,  with  respect to which this  Warrant  shall not then have been
exercised shall also be issued to the Holder hereof within such time. The person
in whose name any certificate for shares of Common Stock is issued upon exercise
of this  Warrant  shall for all  purposes be deemed to have become the holder of
record of such  shares  on the date on which the  Warrant  was  surrendered  and
payment of the Warrant  Price was received by the Company,  irrespective  of the
date of delivery of such certificate, except that, if the date of such surrender
and  payment  is on a date  when the stock  transfer  books of the  Company  are
closed,  such person shall be deemed to have become the holder of such Shares at
the close of business on the next  succeeding  date on which the stock  transfer
books are open.

1.6  RESTRICTIVE  LEGEND.  Each  certificate for Shares shall bear a restrictive
legend in substantially the form as follows, together with any additional legend
required by (i) any  applicable  state  securities  laws and (ii) any securities
exchange upon which such Shares may, at the time of such exercise, be listed:

      THE SHARES OF STOCK EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED,
      SOLD, PLEDGED OR OTHERWISE  TRANSFERRED  ("TRANSFERRED") IN THE ABSENCE OF
      SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM.  IN THE ABSENCE OF
      SUCH  REGISTRATION,  SUCH  SHARES MAY NOT BE  TRANSFERRED  UNLESS,  IF THE
      COMPANY REQUESTS,  THE COMPANY HAS RECEIVED A WRITTEN OPINION FROM COUNSEL
      IN FORM AND  SUBSTANCE  SATISFACTORY  TO THE  COMPANY  STATING  THAT  SUCH
      TRANSFER IS BEING MADE IN COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE
      SECURITIES LAWS.

Any  certificate  issued  at any  time  in  exchange  or  substitution  for  any
certificate  bearing  such  legend  shall also bear such legend  unless,  in the
opinion of counsel for the Holder  thereof  (which  counsel  shall be reasonably
satisfactory  to the Company),  the securities  represented  thereby are not, at
such time, required by law to bear such legend.

1.7 FRACTIONAL  SHARES.  No fractional Shares shall be issuable upon exercise or
conversion of the Warrant. In the event of a fractional interest,  the number of
Shares to be issued shall be rounded up to the nearest whole Share.

                                                                          Page 1

<PAGE>

2.       REPRESENTATIONS, WARRANTIES AND COVENANTS.

2.1      REPRESENTATIONS AND WARRANTIES.

         (a) The Company is a corporation  duly organized,  validly existing and
in good  standing  under  the  laws of its  state of  incorporation  and has all
necessary power and authority to perform its obligations under this Warrant;

         (b) The  execution,  delivery and  performance of this Warrant has been
duly  authorized  by all  necessary  actions  on the  part  of the  Company  and
constitutes the legal, valid and binding obligation of the Company,  enforceable
against the Company in accordance with its terms; and

         (c) This  Warrant  does not violate and is not in conflict  with any of
the  provisions of the Company's  Articles of  Incorporation  or  Certificate of
Determination, Bylaws and any resolutions of the Company's Board of Directors or
stockholders,  or any agreement of the Company, and no event has occurred and no
condition or circumstance  exists that might (with or without notice or lapse of
time)  constitute  or result  directly  or  indirectly  in such a  violation  or
conflict.

2.2  ISSUANCE  OF SHARES.  The Company  covenants  and agrees that all shares of
Common Stock that may be issued upon the exercise of the rights  represented  by
this  Warrant  will,  upon  issuance,   be  validly   issued,   fully  paid  and
nonassessable,  and free from all taxes,  liens and charges  with respect to the
issue thereof.  The Company  further  covenants and agrees that it will pay when
due and  payable  any and all  federal  and state  taxes which may be payable in
respect  of the  issue of this  Warrant  or any  Common  Stock  or  certificates
therefor  issuable  upon the  exercise  of this  Warrant.  The  Company  further
covenants  and agrees that the  Company  will at all times have  authorized  and
reserved,  free from preemptive  rights, a sufficient number of shares of Common
Stock to provide  for the  exercise  in full of the rights  represented  by this
Warrant.  If at any time the number of authorized but unissued  shares of Common
Stock of the  Company  shall not be  sufficient  to effect the  exercise  of the
Warrant in full,  subject to the  limitations  set forth in Section  1.3 hereto,
then the Company will take all such  corporate  action as may, in the opinion of
counsel to the Company,  be necessary or advisable to increase the number of its
authorized  shares of Common Stock as shall be sufficient to permit the exercise
of the  Warrant in full,  subject to the  limitations  set forth in Section  1.3
hereto,  including  without  limitation,  using its best  efforts  to obtain any
necessary  stockholder approval of such increase.  The Company further covenants
and agrees that if any shares of capital stock to be reserved for the purpose of
the issuance of shares upon the exercise of this  Warrant  require  registration
with or approval of any  governmental  authority  under any federal or state law
before such shares may be validly issued or delivered  upon  exercise,  then the
Company will in good faith and as expeditiously  as possible  endeavor to secure
such registration or approval,  as the case may be. If and so long as the Common
Stock  issuable  upon the  exercise  of this  Warrant is listed on any  national
securities  exchange or the Nasdaq Stock Market,  the Company will, if permitted
by the rules of such  exchange or market,  list and keep listed on such exchange
or market,  upon  official  notice of issuance,  all shares of such Common Stock
issuable upon exercise of this Warrant.

3.  OTHER ADJUSTMENTS.

3.1 SUBDIVISION OR COMBINATION OF SHARES.  In case the Company shall at any time
subdivide  its  outstanding  Common Stock into a greater  number of shares,  the
Warrant  Price  in  effect  immediately  prior  to  such  subdivision  shall  be
proportionately  reduced, and the number of Shares subject to this Warrant shall
be  proportionately  increased,  and conversely,  in case the outstanding Common
Stock of the Company  shall be  combined  into a smaller  number of shares,  the
Warrant  Price  in  effect  immediately  prior  to  such  combination  shall  be
proportionately  increased,  and the number of Shares  subject  to this  Warrant
shall be proportionately decreased.

3.2 DIVIDENDS IN COMMON STOCK,  OTHER STOCK OR PROPERTY.  If at any time or from
time to time the holders of  majority  in  interest of the Common  Stock (or any
shares of stock or other  securities at the time receivable upon the exercise of
this Warrant) shall have received or become entitled to receive, without payment
therefor:

         (a) Common Stock,  Options or any shares or other  securities which are
at any time directly or indirectly  convertible  into or exchangeable for Common
Stock, or any rights or options to subscribe for,  purchase or otherwise acquire
any of the foregoing by way of dividend or other distribution;

         (b) any cash paid or payable otherwise than as a regular cash dividend;
or

         (c) Common Stock or additional  shares or other  securities or property
(including cash) by way of spin-off, split-up, reclassification,  combination of
shares or similar corporate  rearrangement  (other than Common Stock issued as a
stock split or  adjustments in respect of which shall be covered by the terms of
Section 3.1 above) and additional shares, other securities or property issued in
connection with a Change (as defined below) (which shall be covered by the terms
of Section 3.4 below), then and in each such case, the Holder hereof shall, upon
the exercise of this Warrant,  be entitled to receive, in addition to the number
of shares of Common  Stock  receivable  thereupon,  and  without  payment of any
additional  consideration therefor, the amount of stock and other securities and
property  (including  cash in the cases referred to in clause (b) above and this
clause (c)) which such Holder  would hold on the date of such  exercise had such
Holder  been the holder of record of such  Common  Stock as of the date on which
holders of Common  Stock  received or became  entitled to receive such shares or
all other additional stock and other securities and property.

3.3  REORGANIZATION,  RECLASSIFICATION,  CONSOLIDATION,  MERGER OR SALE.  If any
recapitalization, reclassification or reorganization of the share capital of the
Company, or any consolidation or merger of the Company with another corporation,
or the sale of all or  substantially  all of its shares  and/or  assets or other
transaction (including,  without limitation,  a sale of substantially all of its
assets  followed by a liquidation)  shall be effected in such a way that holders
of Common Stock shall be entitled to receive shares,  securities or other assets
or property  (a  "Change"),  then,  as a condition  of such  Change,  lawful and
adequate provisions shall be made by the Company whereby the Holder hereof shall
thereafter  have the right to purchase  and receive (in lieu of the Common Stock
of the Company  immediately  theretofore  purchasable  and  receivable  upon the
exercise of the rights  represented  hereby)  such shares,  securities  or other
assets or  property as may be issued or payable  with  respect to or in exchange
for the number of  outstanding  Common  Stock which such Holder  would have been
entitled to receive had such Holder exercised this Warrant  immediately prior to
the  consummation  of such Change.  The Company or its successor  shall promptly
issue to Holder a new Warrant for such new securities or other property. The new
Warrant shall provide for adjustments which shall be as nearly equivalent as may
be practicable to give effect to the adjustments  provided for in this Section 3
including,  without  limitation,  adjustments  to the  Warrant  Price and to the
number of securities or property issuable upon exercise of the new Warrant.  The
provisions of this Section 3.3 shall similarly apply to successive Changes.

4.   OWNERSHIP AND TRANSFER.

4.1  OWNERSHIP  OF THIS  WARRANT.  The  Company may deem and treat the person in
whose  name  this  Warrant  is   registered  as  the  holder  and  owner  hereof
(notwithstanding  any  notations of  ownership or writing  hereon made by anyone
other than the Company) for all purposes and shall not be affected by any notice
to the contrary until  presentation of this Warrant for registration of transfer
as provided in this Section 4.

4.2  TRANSFER  AND  REPLACEMENT.  This  Warrant  and all  rights  hereunder  are
transferable  in whole or in part upon the books of the  Company  by the  Holder
hereof in person or by duly authorized attorney,  and a new Warrant or Warrants,
of the same tenor as this Warrant but  registered in the name of the  transferee
or  transferees  (and in the  name  of the  Holder,  if a  partial  transfer  is
effected)  shall be made and  delivered  by the Company  upon  surrender of this
Warrant duly endorsed,  at the office of the Company in accordance  with Section
5.1 hereof. Upon receipt by the Company of evidence  reasonably  satisfactory to
it of the loss,  theft or  destruction,  and,  in such  case,  of  indemnity  or
security  reasonably  satisfactory  to it, and upon surrender of this Warrant if
mutilated,  the Company  will make and  deliver a new Warrant of like tenor,  in
lieu of this Warrant;  provided that if the Holder hereof is an  instrumentality

                                                                          Page 2
<PAGE>

of a state or local government or an institutional  holder or a nominee for such
an instrumentality or institutional holder an irrevocable agreement of indemnity
by such Holder  shall be  sufficient  for all purposes of this  Warrant,  and no
evidence of loss or theft or destruction shall be necessary.  This Warrant shall
be promptly  cancelled by the Company upon the  surrender  hereof in  connection
with any transfer or  replacement.  Except as otherwise  provided  above, in the
case of the loss,  theft or destruction of a Warrant,  the Company shall pay all
expenses,  taxes and other charges  payable in  connection  with any transfer or
replacement  of this Warrant,  other than income taxes and stock  transfer taxes
(if any) payable in connection  with a transfer of this Warrant,  which shall be
payable by the Holder.  Holder  will not  transfer  this  Warrant and the rights
hereunder except in compliance with federal and state securities laws and except
after  providing  evidence of such  compliance  reasonably  satisfactory  to the
Company.

5.  MISCELLANEOUS PROVISIONS.

5.1 NOTICES.  Any notice or other document  required or permitted to be given or
delivered  to the Holder  shall be  delivered  or forwarded to the Holder at c/o
Mercator Advisory Group, LLC, 555 South Flower Street,  Suite 4500, Los Angeles,
California 90071, Attention: David F. Firestone (Facsimile No. 213/553-8285), or
to such other  address or number as shall have been  furnished to the Company in
writing by the Holder, with a copy to Sheppard Mullin Richter & Hampton LLP, 333
South Hope Street,  48th Floor,  Los Angeles,  California  90071-1448  Attention
David C.  Ulich  (Facsimile  No.  213/620-1398).  Any  notice or other  document
required or permitted to be given or delivered to the Company shall be delivered
or forwarded to the Company at Invisa, Inc., 4400 Independence Court,  Sarasota,
Florida 34234, facsimile 941-355-9373,  with a copy to Barry I. Grossman,  Esq.,
Ellenoff Grossman & Schole LLP , 370 Lexington Avenue,  New York, NY 10017, Fax:
+1 (212)  370-7889  or to such  other  address  or  number  as shall  have  been
furnished to Holder in writing by the Company.

5.2 All notices,  requests and  approvals  required by this Warrant  shall be in
writing and shall be conclusively  deemed to be given (i) when hand-delivered to
the other  party,  (ii) when  received if sent by  facsimile  at the address and
number set forth above;  provided that notices  given by facsimile  shall not be
effective,  unless  either  (a) a  duplicate  copy of such  facsimile  notice is
promptly given by depositing the same in the mail, postage prepaid and addressed
to the party as set forth below or (b) the  receiving  party  delivers a written
confirmation of receipt for such notice by any other method permitted under this
paragraph;  and further  provided  that any notice given by  facsimile  received
after  5:00 p.m.  (recipient's  time) or on a  non-business  day shall be deemed
received on the next business day; (iii) five (5) business days after deposit in
the United States mail,  certified,  return receipt requested,  postage prepaid,
and  addressed  to the party as set forth below;  or (iv) the next  business day
after deposit with an international overnight delivery service, postage prepaid,
addressed  to the  party as set forth  below  with next  business  day  delivery
guaranteed;  provided that the sending party receives  confirmation  of delivery
from the delivery service provider.

5.3 NO RIGHTS AS  SHAREHOLDER;  LIMITATION OF LIABILITY.  This Warrant shall not
entitle the Holder to any of the rights of a shareholder  of the Company  except
upon exercise in accordance with the terms hereof.  No provision  hereof, in the
absence of affirmative  action by the Holder to purchase shares of Common Stock,
and no mere enumeration herein of the rights or privileges of the Holder,  shall
give rise to any liability of the Holder for the Warrant Price hereunder or as a
shareholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company.

5.4  BINDING  EFFECT ON  SUCCESSORS.  This  Warrant  shall be  binding  upon any
corporation  succeeding the Company by merger,  consolidation  or acquisition of
all or substantially all of the Company's assets and/or  securities.  All of the
obligations of the Company  relating to the Shares issuable upon the exercise of
this Warrant shall survive the exercise and termination of this Warrant.  All of
the  covenants  and  agreements of the Company shall inure to the benefit of the
successors and assigns of the Holder.

5.5 WAIVER,  AMENDMENTS AND HEADINGS.  This Warrant and any provision hereof may
be changed,  waived,  discharged or terminated  only by an instrument in writing
signed by both parties (either generally or in a particular  instance and either
retroactively or  prospectively).  The headings in this Warrant are for purposes
of reference only and shall not affect the meaning or construction of any of the
provisions hereof.

5.6  GOVERNING  LAW;  JURISDICTION.  This  Agreement  shall be  governed  by and
construed in accordance  with the laws of the State of California  applicable to
contracts  made and to be  performed  in the  State of  California.  Each of the
parties  irrevocably  agrees that any and all suits or  proceedings  based on or
arising under this Agreement may be brought only in and shall be resolved in the
federal or state  courts  located  in the City of Los  Angeles,  California  and
consents  to the  jurisdiction  of such  courts  for such  purpose.  Each of the
parties  irrevocably  waives  the  defense  of  an  inconvenient  forum  to  the
maintenance  of such suit or proceeding  in any such court.  Each of the parties
further  agrees that  service of process  upon such party  mailed by first class
mail to the address  set forth in Section  5.1 shall be deemed in every  respect
effective  service  of process  upon such party in any such suit or  proceeding.
Nothing  herein shall affect the right of a Holder to serve process in any other
manner permitted by law. Each of the parties agrees that a final  non-appealable
judgment in any such suit or proceeding  shall be conclusive and may be enforced
in other jurisdictions by suit on such judgment or in any other lawful manner.

5.7  ATTORNEYS'  FEES AND  DISBURSEMENTS.  If any  action at law or in equity is
necessary to enforce or interpret the terms of this  Agreement,  the  prevailing
party or parties  shall be entitled  to receive  from the other party or parties
reasonable  attorneys' fees and disbursements in addition to any other relief to
which the prevailing party or parties may be entitled.

                                                                          Page 3

<PAGE>

IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly
authorized officer this 16 day of August, 2004.

COMPANY:
                                               INVISA, INC.

                                               By   /s/ Herbert M. Lustig
                                                  ------------------------------
                                               Print Name:  Herbert M. Lustig
                                                           ---------------------
                                               Title:       President & CEO
                                                           ---------------------

                                                                          Page 4

<PAGE>

                                   SCHEDULE A

                           FORM OF NOTICE OF EXERCISE

                [TO BE SIGNED ONLY UPON EXERCISE OF THE WARRANT]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO EXERCISE THE WITHIN WARRANT

The  undersigned  hereby elects to purchase  _______ shares of Common Stock (the
"Shares")  of Invisa,  Inc.  under the  Warrant to Purchase  Common  Stock dated
_________ __ , 2004,  which the undersigned is entitled to purchase  pursuant to
the  terms of such  Warrant.  The  undersigned  has  delivered  $_________,  the
aggregate Warrant Price for _____ Shares purchased herewith,  in full in cash or
by certified or official bank check or wire transfer.

         Please issue a certificate or certificates  representing such shares of
Common  Stock  in the  name  of the  undersigned  or in  such  other  name as is
specified below and in the denominations as is set forth below:

         -----------------------------------------------------------------------
         [Type Name of Holder as it should appear on the stock certificate]

         -----------------------------------------------------------------------
         [Requested  Denominations - if no  denomination is specified,  a single
         certificate will be issued]

         The  initial  address  of such  Holder  to be  entered  on the books of
         Company shall be:

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

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

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

         The undersigned  hereby represents and warrants that the undersigned is
acquiring such shares for his own account for investment  purposes only, and not
for resale or with a view to distribution of such shares or any part thereof.

                                      By:
                                         ---------------------------------------

                                      Print Name:
                                                 -------------------------------

                                      Title:
                                            ------------------------------------

                                      Dated:
                                            ------------------------------------

                                      -1-
<PAGE>

                               FORM OF ASSIGNMENT
                                    (ENTIRE)

               [TO BE SIGNED ONLY UPON TRANSFER OF ENTIRE WARRANT]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO TRANSFER THE WITHIN WARRANT

FOR  VALUE  RECEIVED   ___________________________  hereby  sells,  assigns  and
transfers  unto  _______________________________  all rights of the  undersigned
under and  pursuant  to the within  Warrant,  and the  undersigned  does  hereby
irrevocably  constitute and appoint  _____________________  Attorney to transfer
the said  Warrant  on the  books  of  ________  _________,  with  full  power of
substitution.

--------------------------------------
[Type Name of Holder]

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

Dated:
        ------------------------------

NOTICE

The signature to the foregoing Assignment must correspond exactly to the name as
written upon the face of the within Warrant,  without  alteration or enlargement
or any change whatsoever.

                                      -1-
<PAGE>

                               FORM OF ASSIGNMENT
                                    (PARTIAL)

              [TO BE SIGNED ONLY UPON PARTIAL TRANSFER OF WARRANT]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO TRANSFER THE WITHIN WARRANT

FOR  VALUE  RECEIVED   ___________________________  hereby  sells,  assigns  and
transfers unto ____________________________ (i) the rights of the undersigned to
purchase  ____________________  shares of Common Stock under and pursuant to the
within  Warrant,  and (ii) on a  non-exclusive  basis,  all other  rights of the
undersigned  under and pursuant to the within Warrant,  it being understood that
the undersigned shall retain, severally (and not jointly) with the transferee(s)
named herein, all rights assigned on such  non-exclusive  basis. The undersigned
does  hereby  irrevocably  constitute  and  appoint   __________________________
Attorney to transfer  the said Warrant on the books of Invisa,  Inc.,  with full
power of substitution.

-----------------------------------------
[Type Name of Holder]

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

Dated:
        ---------------------------------

NOTICE

The signature to the foregoing Assignment must correspond exactly to the name as
written upon the face of the within Warrant,  without  alteration or enlargement
or any change whatsoever.

                                      -1-EXHIBIT 10.95

            CERTIFICATE OF DESIGNATIONS OF PREFERENCES AND RIGHTS OF
                      SERIES A CONVERTIBLE PREFERRED STOCK
                                       OF
                                  INVISA, INC.
                              a Nevada corporation

         The undersigned, Herb Lustig, certifies that:

                  1.  He is  the  duly  acting  President  of  Invisa,  Inc.,  a
corporation  organized and existing under the  Corporation  Code of the State of
Nevada (the "CORPORATION").

                  2. Pursuant to authority conferred upon the Board of Directors
by the  Certificate of  Incorporation  of the  Corporation,  and pursuant to the
provisions  of the  Corporations  Code of the  State of  Nevada,  said  Board of
Directors,  pursuant to a meeting  held August 16,  2004,  adopted a  resolution
establishing  the rights,  preferences,  privileges and restrictions of, and the
number of shares comprising,  the Corporation's  Series A Convertible  Preferred
Stock, which resolution is as follows:

         RESOLVED,  that a series of Preferred Stock in the Corporation,  having
the rights, preferences,  privileges and restrictions,  and the number of shares
constituting such series and the designation of such series, set forth below be,
and it hereby  is,  authorized  by the  Board of  Directors  of the  Corporation
pursuant to authority given by the Corporation's Certificate of Incorporation.

         NOW,  THEREFORE,  BE IT RESOLVED,  that the Board of  Directors  hereby
fixes and determines the Determinations  of, the number of shares  constituting,
and the rights,  preferences,  privileges  and  restrictions  relating to, a new
series of Preferred Stock as follows:

         (a)  Determination.  The series of Preferred Stock is hereby designated
Series A Convertible Preferred Stock (the "SERIES A PREFERRED STOCK").

         (b) Authorized Shares. The number of authorized shares constituting the
Series A Preferred  Stock shall be Twenty-Two  Thousand  (22,000) shares of such
series.

         (c)  Dividends.  The holder of the Series A  Preferred  Stock  shall be
entitled to receive, when, as and if declared by the Board of Directors,  out of
any assets of the Corporation legally available therefor,  such dividends as may
be declared  from time to time by the Board of Directors.  Nothing  herein shall
obligate or require the Board of  Directors to declare a dividend for the Series
A Preferred Stock.

         (d) Liquidation Preference.

                  (i) Preference upon Liquidation, Dissolution or Winding Up. In
the event of any dissolution or winding up of the Corporation, whether voluntary
or involuntary,  holders of each  outstanding  share of Series A Preferred Stock
shall  be  entitled  to be  paid  first  out of the  assets  of the  Corporation
available for  distribution  to  shareholders,  whether such assets are capital,
surplus or earnings,  an amount equal to $100.00 (the "SERIES A PURCHASE PRICE")
per share of Series A Preferred  Stock held (as adjusted  for any stock  splits,

                                      -1-
<PAGE>

stock dividends or  recapitalizations  of the Series A Preferred  Stock) and any
declared but unpaid dividends on such share, before any payment shall be made to
the holders of the Common Stock, or any other stock of the  Corporation  ranking
junior to the Series A Preferred Stock with regard to any distribution of assets
upon liquidation,  dissolution or winding up of the Corporation.  The holders of
the Series A Preferred  Stock shall be entitled to share ratably,  in accordance
with  the  respective  preferential  amounts  payable  on  such  stock,  in  any
distribution which is not sufficient to pay in full the aggregate of the amounts
payable  thereon.  If, upon any  liquidation,  dissolution  or winding up of the
Corporation,  the  assets  to be  distributed  to the  holders  of the  Series A
Preferred Stock shall be insufficient to permit payment to such  shareholders of
the  full  preferential  amounts  aforesaid,  then  all  of  the  assets  of the
Corporation  available for distribution to shareholders  shall be distributed to
the holders of Series A Preferred  Stock.  Each holder of the Series A Preferred
Stock shall be  entitled to receive  that  portion of the assets  available  for
distribution  as the number of  outstanding  shares of Series A Preferred  Stock
held by such  holder  bears to the total  number of shares of Series A Preferred
Stock.  Such  payment  shall  constitute  payment in full to the  holders of the
Series A Preferred Stock upon the liquidation,  dissolution or winding up of the
Corporation. After such payment shall have been made in full, or funds necessary
for such payment shall have been set aside by the  Corporation  in trust for the
account of the holders of Series A Preferred  Stock,  so as to be available  for
such payment,  such holders of Series A Preferred  Stock shall be entitled to no
further participation in the distribution of the assets of the Corporation.

                  (ii)  Consolidation,  Merger  and Other  Corporate  Events.  A
consolidation  or merger of the  Corporation  (except  into or with a subsidiary
corporation) or a sale, lease,  mortgage,  pledge,  exchange,  transfer or other
disposition of all or substantially  all of the assets of the Corporation or any
reclassification  of the stock of the  Corporation  (other  than a change in par
value or from no par to par,  or from par to no par or as the result of an event
described in subsection  (iv), (v), (vi) or (viii) of paragraph  (f)),  shall be
regarded  as a  liquidation,  dissolution  or winding  up of the  affairs of the
Corporation within the meaning of this paragraph (d), provided,  however, in the
case of a  merger,  if (a) the  Corporation  is the  surviving  entity,  (b) the
Corporation's  shareholders  hold a  majority  of the  shares  of the  surviving
entity, and (c) the Corporation's  directors hold a majority of the seats on the
board of  directors  of the  surviving  entity,  then such  merger  shall not be
regarded as a liquidation,  dissolution or winding up within the meaning of this
paragraph  (d). In no event shall the issuance of new classes of stock,  whether
senior,  junior or on a parity with the Series A Preferred  Stock,  or any stock
splits, be deemed a  "reclassification"  under or otherwise limited by the terms
hereof.

                  (iii) Distribution of Cash and Other Assets. In the event of a
liquidation,  dissolution  or winding  up of the  Corporation  resulting  in the
availability  of assets other than cash for  distribution  to the holders of the
Series A Preferred  Stock,  the holders of the Series A Preferred Stock shall be
entitled  to a  distribution  of cash  and/or  assets  equal to the value of the
liquidation  preference  stated in subsection  (i) of this  paragraph (d), which
valuation shall be made solely by the Board of Directors, and provided that such
Board of Directors was acting in good faith, shall be conclusive.

                  (iv)  Distribution  to  Junior  Security  Holders.  After  the
payment or  distribution  to the holders of the Series A Preferred  Stock of the
full  preferential  amounts  aforesaid,  the holders of Series A Preferred Stock
shall have no  further  rights in respect  at such  Series A Stock  which  shall

                                      -2-
<PAGE>

become null and void, and the holders of the Common Stock then  outstanding,  or
any  other  stock of the  Corporation  ranking  as to assets  upon  liquidation,
dissolution  or winding up of the  Corporation  junior to the Series A Preferred
Stock,  shall be entitled to receive ratably all of the remaining  assets of the
Corporation.

                  (v)  Preference;  Priority.  References  to a  stock  that  is
"SENIOR"  to, on a "PARITY"  with or "JUNIOR"  to other stock as to  liquidation
shall refer, respectively, to rights of priority of one series or class of stock
over another in the  distribution of assets on any  liquidation,  dissolution or
winding up of the  Corporation.  The Series A Preferred Stock shall be senior to
the  Common  Stock of the  Corporation  and senior to any  subsequent  series of
Preferred Stock issued by the Corporation.

         (e) Voting Rights.  Except as otherwise  required by law, the holder of
shares of Series A  Preferred  Stock shall not have the right to vote on matters
that come before the shareholders.

         (f)  Conversion  Rights.  The holders of Series A Preferred  Stock will
have the following conversion rights:

                  (i) Right to Convert.  Subject to and in  compliance  with the
provisions of this paragraph (f), any issued and outstanding  shares of Series A
Preferred  Stock may, at the option of the holder,  be  converted at any time or
from time to time into fully paid and  non-assessable  shares of Common Stock at
the conversion rate in effect at the time of conversion,  determined as provided
herein;  provided,  that a holder of Series A  Preferred  Stock may at any given
time  convert  only up to that number of shares of Series A  Preferred  Stock so
that, upon conversion,  the aggregate  beneficial ownership of the Corporation's
Common Stock (calculated  pursuant to Rule 13d-3 of the Securities  Exchange Act
of 1934, as amended) of such holder and all persons  affiliated with such holder
is not more than 9.99% of the Corporation's Common Stock then outstanding.

                  (ii)  Mechanics of  Conversion.  Before any holder of Series A
Preferred  Stock  shall be  entitled  to convert  the same into shares of Common
Stock,  he shall  surrender  the  certificate  or  certificates  therefor,  duly
endorsed,  at the office of the  Corporation  or of any  transfer  agent for the
Common Stock,  and shall give written  notice to the  Corporation at such office
that he elects to convert the same and shall state  therein the number of shares
of Series A Preferred Stock being converted.  Thereupon,  the Corporation  shall
promptly  issue and  deliver at such office to such holder of Series A Preferred
Stock a certificate or certificates  for the number of shares of Common Stock to
which he shall be entitled.  Such  conversion  shall be deemed to have been made
immediately  prior to the close of business on the date of such surrender of the
shares of Series A Preferred  Stock to be  converted,  and the person or persons
entitled to receive the shares of Common  Stock  issuable  upon such  conversion
shall be treated for all purposes as the record holder or holders of such shares
of Common Stock on such date.

                  (iii)  Conversion  Price.  The number of shares into which one
share of Series A Preferred  Stock shall be  convertible  shall be determined by
dividing the Series A Purchase Price by the then existing  Conversion  Price (as
set forth below) (the "CONVERSION  RATIO"). The "CONVERSION PRICE" per share for
the  Series A  Preferred  Stock  shall be equal to Eighty  percent  (80%) of the
Market Price (as defined below and subject to  adjustment  as described  below),

                                      -3-
<PAGE>

rounded to the nearest penny; provided,  however, that subject to the provisions
of the next sentence,  in no event shall the Conversion Price be less than $0.50
per share (the "FLOOR PRICE") or exceed $1.17 (the "CEILING  PRICE").  The Floor
Price and Ceiling  Price shall be further  adjusted  upon the  occurrence of any
event in paragraph (f) (iv)-(vi).

                  "MARKET PRICE" on any given date shall be the volume  weighted
average price of the Corporation's Common Stock for the 10 immediately preceding
trading days, provided, that such 10 trading day period shall be extended by the
number  of  trading  days  during  such  period  on  which  (i)  trading  in the
Corporation's  Common Stock is suspended  by, or not traded on, the OTC Bulletin
Board or a subsequent  market on which the common stock is then traded,  or (ii)
after the date of Registration Statement (the "Registration  Statement") for the
underlying  shares of common  stock of the  Corporation  into which the Series A
Preferred  Stock  may  be  converted  is  declared  effective  by the  SEC,  the
prospectus included in the Registration  Statement may not be used by the holder
for resale of underlying  shares of common stock, is suspended by, or not traded
on, the OTC Bulletin  Board or a subsequent  market on which the common stock is
then  listed,  or (iii) after the date the  Registration  Statement  is declared
effective by the SEC, the prospectus included in the Registration  Statement for
the underlying shares may not be used by the holder for the resale of underlying
shares of common stock (provided such inability to use the prospectus is not (a)
caused  by  the  holder  or  (b)  as  a  result  of  the  Company's   filing  of
post-effective amendments to the Registration Statement.)

                  For purposes of illustration only,  assuming the Ceiling Price
is $1.30 per share,  if the Market Price is $1.35 at time of a  conversion,  the
Conversion Ratio will be  $100.00/$1.08,  allowing the 22,000 shares of Series A
Preferred  Stock to be converted into 2,037,037  shares of Common Stock.  On the
other hand, if the Market Price is $1.75 at time of a conversion, the Conversion
Ratio will be $100.00/$1.30, allowing the 22,000 shares of Preferred Stock to be
converted into 1,692,308 shares of Common Stock.

                  If an Event of Default occurs,  as defined in the Subscription
Agreement  for the Series A  Preferred  Stock,  the  Conversion  Price  shall be
reduced to Seventy percent (70%) of the Market Price,  provided,  however, in no
event shall the Conversion Price be less than the Floor Price.

                  (iv)  Adjustment  for Stock  Splits and  Combinations.  If the
Corporation shall at any time, or from time to time after the date shares of the
Series A Preferred Stock are first issued (the "ORIGINAL ISSUE DATE"),  effect a
subdivision of the outstanding  Common Stock,  the Floor Price and Ceiling Price
in effect  immediately  prior thereto shall be  proportionately  decreased,  and
conversely,  if the Corporation shall at any time or from time to time after the
Original Issue Date combine the  outstanding  shares of Common Stock,  the Floor
Price and Ceiling Price then in effect  immediately before the combination shall
be proportionately  increased. Any adjustment under this paragraph (f)(iv) shall
become  effective  at the  close of  business  on the date  the  subdivision  or
combination becomes effective.

                  (v) Adjustment for Certain Dividends and Distributions. In the
event the Corporation at any time, or from time to time after the Original Issue
Date, shall make or issue, or fix a record date for the determination of holders
of Common Stock entitled to receive, a dividend or other distribution payable in

                                      -4-
<PAGE>

additional  shares of Common Stock,  then and in each such event the Floor Price
and  Ceiling  Price  then in effect  shall be  decreased  as of the time of such
issuance  or, in the event such a record date shall have been  fixed,  as of the
close of  business  on such  record  date,  by  multiplying  the Floor Price and
Ceiling Price then in effect by a fraction:

                           (A) the  numerator of which shall be the total number
         of shares of Common Stock issued and outstanding  immediately  prior to
         the time of such issuance or the close of business on such record date,
         and

                           (B) the  denominator  of  which  shall  be the  total
         number of shares of Common  Stock  issued and  outstanding  immediately
         prior to the time of such  issuance  or the close of  business  on such
         record  date plus the  number of shares  of Common  Stock  issuable  in
         payment of such dividend or distribution;  provided,  however,  if such
         record  date shall have been fixed and such  dividend is not fully paid
         or if such  distribution  is not fully made on the date fixed therefor,
         the Floor Price and Ceiling Price shall be recomputed accordingly as of
         the close of business on such  record  date and  thereafter,  the Floor
         Price and Ceiling  Price shall be adjusted  pursuant to this  paragraph
         (f)(v)  as  of  the  time  of  actual  payment  of  such  dividends  or
         distributions.

                  (vi) Adjustments for Other Dividends and Distributions. In the
event the  Corporation at any time or from time to time after the Original Issue
Date shall make or issue, or fix a record date for the  determination of holders
of Common Stock entitled to receive, a dividend or other distribution payable in
securities of the  Corporation  other than shares of Common  Stock,  then and in
each such event  provision  shall be made so that the  holders of such  Series A
Preferred Stock shall receive upon conversion  thereof in addition to the number
of shares of Common Stock receivable thereupon,  the amount of securities of the
Corporation  that they would have  received had their  Series A Preferred  Stock
been converted  into Common Stock on the date of such event and had  thereafter,
during the period from the date of such event to and  including  the  conversion
date,  retained  such  securities  receivable  by them as aforesaid  during such
period giving application to all adjustments called for during such period under
this  paragraph  (f) with  respect to the rights of the  holders of the Series A
Preferred Stock.

                  (vii)    Adjustment   for    Reclassification    Exchange   or
Substitution.  If the Common Stock  issuable upon the conversion of the Series A
Preferred  Stock shall be changed into the same or a different  number of shares
of  any  class  or  classes  of  stock,   whether  by  capital   reorganization,
reclassification or otherwise (other than a subdivision or combination of shares
or stock dividend provided for above, or a reorganization, merger, consolidation
or sale of assets  provided for elsewhere in this  paragraph  (f)),  then and in
each such event the holder of each share of Series A Preferred  Stock shall have
the right thereafter to convert such share into the kind and amount of shares of
stock and other  securities and property  receivable  upon such  reorganization,
reclassification  or other change,  by holders of the number of shares of Common
Stock  into  which  such  shares of Series A  Preferred  Stock  might  have been
converted immediately prior to such reorganization, reclassification, or change,
all subject to further adjustment as provided herein.

                  (viii)  Reorganization,  Mergers,  Consolidations  or Sales of
Assets.  If at  any  time  or  from  time  to  time  there  shall  be a  capital
reorganization  of the Common  Stock  (other  than a  subdivision,  combination,
reclassification  or exchange of shares provided for elsewhere in this paragraph

                                      -5-
<PAGE>

(f)) or a  merger  or  consolidation  of the  Corporation  with or into  another
corporation,  or  the  sale  of all or  substantially  all of the  Corporation's
properties   and  assets  to  any  other  person,   then,  as  a  part  of  such
reorganization,  merger,  consolidation or sale, provision shall be made so that
the holders of the Series A  Preferred  Stock  shall  thereafter  be entitled to
receive upon conversion of such Series A Preferred  Stock,  the number of shares
of stock or other  securities or property of the Corporation or of the successor
corporation  resulting  from such merger or  consolidation  or sale,  to which a
holder of Common Stock  deliverable  upon conversion would have been entitled on
such capital  reorganization,  merger,  consolidation or sale. In any such case,
appropriate  adjustment  shall be made in the  application  of the provisions of
this  paragraph  (f) with  respect to the rights of the  holders of the Series A
Preferred Stock after the reorganization,  merger,  consolidation or sale to the
end that the provisions of this paragraph (f) (including adjustment of the Floor
Price and Ceiling Price then in effect and the number of shares purchasable upon
conversion of the Series A Preferred Stock) shall be applicable after that event
as nearly equivalent as may be practicable.

                  (ix)  Sale of  Common  Stock or  Securities  Convertible  Into
Common Stock. In the event the Corporation sells or issues Common Stock or other
securities  convertible  into or  exercisable  for  Common  Stock at a per share
price,  exercise price or conversion  price lower than the Conversion Price then
in effect  (other than in  connection  with an  acquisition  of the  securities,
assets or  business  of  another  company,  licensing,  partnership,  technology
transfer,  marketing alliance, joint ventures or employee, director, officer, or
consultant issuances or stock options), the Conversion Price shall be subject to
weighted average anti-dilution adjustments.

                  (x)  Certificate of Adjustment.  In each case of an adjustment
or readjustment of the Floor Price and Ceiling Price or the securities  issuable
upon conversion of the Series A Preferred Stock,  the Corporation  shall compute
such  adjustment or readjustment  in accordance  herewith and the  Corporation's
Chief  Financial  Officer  shall  prepare and sign a  certificate  showing  such
adjustment or readjustment, and shall mail such certificate by first class mail,
postage  prepaid,  to each registered  holder of the Series A Preferred Stock at
the holder's address as shown in the Corporation's  books. The certificate shall
set forth  such  adjustment  or  readjustment,  showing in detail the facts upon
which such adjustment or readjustment is based.

                  (xi) Notices of Record Date. In the event of (A) any taking by
the  Corporation of a record of the holders of any class or series of securities
for the purpose of determining  the holders  thereof who are entitled to receive
any   dividend   or  other   distribution   or  (B)  any   reclassification   or
recapitalization  of  the  capital  stock  of the  Corporation,  any  merger  or
consolidation of the Corporation or any transfer of all or substantially  all of
the assets of the Corporation to any other corporation, entity or person, or any
voluntary  or  involuntary  dissolution,   liquidation  or  winding  up  of  the
Corporation,  the  Corporation  shall mail to each  holder of Series A Preferred
Stock at least 10 days  prior to the record  date  specified  therein,  a notice
specifying  (1) the date on which any such record is to be taken for the purpose
of  such  dividend  or  distribution  and a  description  of  such  dividend  or
distribution,  (2) the date on which any such reorganization,  reclassification,
transfer,  consolidation,  merger,  dissolution,  liquidation  or  winding up is
expected to become effective and (3) the time, if any is to be fixed, as to when
the holders of record of Common Stock (or other securities) shall be entitled to
exchange their shares,  of Common Stock (or other  securities) for securities or

                                      -6-
<PAGE>

other property deliverable upon such reorganization, reclassification, transfer,
consolidation, merger, dissolution, liquidation or winding up.

                  (xii) Fractional  Shares. No fractional shares of Common Stock
shall be issued upon conversion of the Series A Preferred  Stock. In lieu of any
fractional  shares  to  which  the  holder  would  otherwise  be  entitled,  the
Corporation shall round the shares up to the nearest whole number.

                  (xiii)  Reservation  of Stock  Issuable Upon  Conversion.  The
Corporation  shall at all times reserve and keep available out of its authorized
but unissued  shares of Common  Stock,  solely for the purpose of effecting  the
conversion  of the shares of the Series A Preferred  Stock,  Four  Million  Four
Hundred  Thousand  (4,400,000)  shares of Common  Stock,  and if at any time the
number of authorized but unissued shares of Common Stock shall not be sufficient
to effect the  conversion of all then  outstanding  shares of Series A Preferred
Stock, the Corporation will take such corporate action as may, in the opinion of
its counsel,  be necessary to increase  its  authorized  but unissued  shares of
Common Stock to such number of shares as shall be sufficient for such purpose.

                  (xiv) Notices.  Any notice  required by the provisions of this
paragraph  (f) to be given to the holders of shares of Series A Preferred  Stock
shall be deemed  given (A) if  deposited  in the  United  States  mail,  postage
prepaid,  or (B) if given by any other  reliable  or  generally  accepted  means
(including  by  facsimile  or  by  a  nationally  recognized  overnight  courier
service),  in each case  addressed  to each  holder of record at his address (or
facsimile number) appearing on the books of the Corporation.

                  (xv) Payment of Taxes.  The Corporation  will pay all transfer
taxes and other governmental charges that may be imposed in respect of the issue
or  delivery  of shares of Common  Stock upon  conversion  of shares of Series A
Preferred Stock.

                  (xvi) No Dilution or  Impairment.  The  Corporation  shall not
amend its  Articles  of  Incorporation  or  participate  in any  reorganization,
transfer  of  assets,  consolidation,  merger,  dissolution,  issue  or  sale of
securities or any other voluntary action, for the purpose of avoiding or seeking
to avoid the  observance  or  performance  of any of the terms to be observed or
performed  hereunder by the  Corporation,  without the approval of a majority of
the then outstanding Series A Preferred Stock.

         (g) No Re-issuance of Preferred Stock. Any shares of Series A Preferred
Stock acquired by the Corporation by reason of purchase, conversion or otherwise
shall be canceled,  retired and eliminated from the shares of Series A Preferred
Stock that the Corporation  shall be authorized to issue.  All such shares shall
upon their cancellation become authorized but unissued shares of Preferred Stock
and may be reissued as part of a new series of  Preferred  Stock  subject to the
conditions  and   restrictions   on  issuance  set  forth  in  the  Articles  of
Incorporation  or in  any  certificate  of  designation  creating  a  series  of
Preferred Stock or any similar stock or as otherwise required by law.

         (h) Severability.  If any right, preference or limitation of the Series
A Preferred  Stock set forth  herein is invalid,  unlawful or incapable of being
enforced  by reason  of any  rule,  law or  public  policy,  all  other  rights,
preferences  and  limitations  set forth herein that can be given effect without

                                      -7-
<PAGE>

the invalid,  unlawful or  unenforceable  right,  preference or limitation shall
nevertheless  remain in full  force and  effect,  and no  right,  preference  or
limitation  herein  shall  be  deemed  dependent  upon  any  other  such  right,
preference or limitation unless so expressed herein.

         3.  The  number  of  authorized   shares  of  Preferred  Stock  of  the
Corporation  is  5,000,000  and the number of shares of Series A Stock,  none of
which has been issued, is 22,000.

         Each of the  undersigned  declares  under  penalty of perjury  that the
matters  set out in the  foregoing  Certificate  are true of his own  knowledge.
Executed at Sarasota, Florida, on this 16th, day of August, 2004.

                                     /s/ Herbert M. Lustig
                               -------------------------------------------------
                               Print Name: Herbert M. Lustig
                               Title:      President and Chief Executive Officer

                                      -8-

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