Document:

Exhibit
        10.3

      THIS
        NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
        (“SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED EXCEPT
        (I) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
        ACT OR
        (II) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT,
        BUT
        ONLY UPON THE PAYEE FIRST HAVING OBTAINED A WRITTEN OPINION OF MAKER’S COUNSEL,
        OR OTHER COUNSEL ACCEPTABLE TO MAKER, THAT THE PROPOSED DISPOSITION IS
        CONSISTENT WITH ALL APPLICABLE PROVISIONS OF THE SECURITIES ACT AND ANY
        APPLICABLE “BLUE SKY” OR OTHER SIMILAR SECURITIES LAW.

      

      PROMISSORY
        NOTE

       

      
        	$______,000	September 1,
                2005

      

      

      FOR
        VALUE
        RECEIVED, STREICHER
        MOBILE FUELING, INC.,
        a
        Florida corporation (“Maker”),
        promises
        to pay to the order of _________________
        or his/
        her/ its assigns (“Payee”),
        at
        such place as the Payee may designate in writing, in lawful money of the
        United
        States of America, the principal sum of ______________________ Thousand Dollars
        ($____,000).

      

      1. Principal
        Payments.
        The
        Maker shall make six (6) equal semi-annual principal payments of ten percent
        (10%) of the principal amount of this promissory note (the “Note”
        and,
        collectively with substantially identical promissory notes of Maker, the
        “Notes”)
        commencing August 31, 2007 and continuing on February 28 and August 31 of
        each
        year thereafter, with the remaining balance of forty percent (40%) of the
        principal amount of this Note due and payable on August 31, 2010 (the
“Due
        Date”).
        The
        outstanding principal balance of this Note may be prepaid by Maker prior
        to
        maturity as provided in Section 5 of this Note.

      

      2. Interest.
        The
        outstanding principal balance of this Note shall accrue interest at a fixed
        rate
        of ten percent (10%); provided, however, that following an Event of Default,
        the
        outstanding principal balance of this Note shall bear interest as provided
        in
        Section 7 of this Note. Interest shall be calculated on the basis of a 360-day
        year. Accrued interest on this Note shall be paid semi-annually, on the last
        day
        of each February and August, beginning February 28, 2006, until the outstanding
        principal balance of this Note is paid in full. 

      

      3. Interest
        Method of Payment; Application. All
        payments of principal (including any prepayments) shall be made on the due
        date
        thereof by wire transfer of immediately available funds to such bank account
        as
        Payee may from time to time designate in writing. All cash payments of interest
        shall be made on the due date thereof by check drawn on a United States bank.
        Payments (including all prepayments) received by Payee on this Note shall
        be
        applied first to the payment of accrued and unpaid interest and only thereafter
        to the outstanding principal balance of this Note.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      4. Subordination.
        Payee
        agrees that, except for the first priority security interest in certain
        collateral (the “Collateral”)
        granted by Maker to Payee and other holders of the Notes (collectively, the
        “Payees”),
        pursuant to the Security Agreement of even date herewith (the “Security
        Agreement”)
        between Maker and the trustee (“Trustee”)
        named
        in the Indenture Agreement for the Notes (the “Indenture”),
        the
        payment of principal and interest on this Note are expressly subordinated
        to the
        rights and interests of Wachovia Bank, National Association, successor by
        merger
        to Congress Financial Corporation (Florida) (“Wachovia”)
        pursuant to and in connection with, and the payment of all existing and future
        amounts owed by Maker to Wachovia under, the line of credit facility between
        Wachovia and Maker pursuant to that certain Loan and Security Agreement dated
        September 26, 2002, as now or hereafter amended (the “Line
        of Credit”),
        and
        to any other credit facility into which Maker may subsequently enter to replace
        the Line of Credit requiring that the lender rank in a senior position to
        other
        debt of Maker (the “Replacement
        Facility”)
        (the
        Line of Credit and the Replacement Facility are collectively referred to
        as the
“Permitted
        Debt”).
        Payee
        and Maker agree that, other than Payee’s security interest in the Collateral
        under the Security Agreement, the terms and conditions governing and applicable
        to the subordination of this Note and the indebtedness evidenced hereby are
        and
        shall be, in all material respects (conformed, as necessary, for this Note
        and
        the related indebtedness) identical to the terms and conditions of that certain
        Subordination Agreement (the “Subordination
        Agreement”)
        executed effective as of January 21, 2003, by, between and among Wachovia,
        Maker, and certain other persons owed debts by Maker (“Loan
        Holders”),
        a copy
        of which is attached hereto as Exhibit
        A
        and
        incorporated by reference herein, to the same extent as if Payee were a Loan
        Holder subject thereto and this Note and the indebtedness hereunder were
        expressly covered thereby and included as part of the “Notes” and “Subordinated
        Debt” referenced in the Subordination Agreement. Payee and Maker hereby
        expressly ratify, approve and adopt the terms of the Subordination Agreement
        (conformed, as necessary) with respect to this Note and the indebtedness
        represented hereby. Payee and Maker further agree that this Note may not,
        without the prior written consent of Wachovia (or the new lender if the Line
        of
        Credit has been fully repaid and terminated and there is a Replacement Facility
        in place), be repaid from the proceeds of Maker’s issuance or sale of new debt
        securities or other indebtedness, provided, however, nothing herein restricts
        or
        limits Maker’s ability to repay this Note with the proceeds of Maker’s issuance
        of equity securities unless such repayment is prohibited by the Wachovia
        Agreements. Upon request, Payee agrees to execute and deliver such other
        documents and instruments as Wachovia or any senior or commercial lender
        may
        reasonably request to acknowledge and effect the foregoing subordination.
        Capitalized terms used but not otherwise defined herein shall have the meanings
        ascribed to them in the Indenture.

      

      5. Redemption
        and Prepayment.

      

      (a) Optional
        Redemption.
        At any
        time after the date of this Note, the Maker shall have the option to redeem
        this
        Note, in whole or in part, by payment of a percentage of the 

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      principal
        amount of this Note outstanding, together with accrued but unpaid interest,
        if
        any, as follows:

       

      

        
          	
                  Redemption
                    Period

                	
                  Redemption
                    Price

                
	 	 
	
                  September
                    1, 2005 - August 31, 2006

                	
                  102%

                
	
                  September
                    1, 2006 - August 31, 2007

                	
                  101%

                
	
                  September
                    1, 2007 - Due Date

                	
                  100%

                

        

      

      

      

      (b) Notice
        to Wachovia.
        If
        Maker elects to redeem this Note in accordance with the terms of this
Section
        5,
        it
        shall furnish to Wachovia, at least forty-five (45) days (unless Wachovia
        agrees
        in writing to a shorter period) but not more than sixty (60) days before
        a
        redemption date, notice in writing that includes the redemption date, the
        amount
        of principal due on this Note to be redeemed.

      

      (c) Notice
        to Payee.
        At
        least forty-five (45) days but not more than sixty (60) days before a redemption
        date, Maker shall mail or cause to be mailed a notice of redemption to Payee.
        The notice shall state:

      

      (i) the
        redemption date;

      

      (ii) the
        redemption price;

      

      (iii) that
        this
        Note called for redemption must be surrendered to the Maker to collect the
        redemption price; and

      

      (iv) that,
        unless the Maker defaults in making such redemption payment, interest on
        this
        Note called for redemption ceases to accrue on the redemption date.

      

      (d) Effect
        of Notice of Redemption.
        Upon
        notice to Payee that this Note has been called for redemption, this Note
        will
        become irrevocably due and payable on the redemption date at the redemption
        price. A notice of redemption may not be conditional.

      

      (e) Note
        Redeemed in Part.
        Upon
        surrender of this Note that is redeemed in part, Maker will deliver to Payee,
        at
        Maker’s expense, a new promissory note in the same form of this Note equal in
        principal to the unredeemed portion of the redeemed Note.

      

      6. Notices.
        

      

      (a) Maker
        shall give prompt written notice to Trustee and Payee under those circumstances
        in which notice is required to be given by Maker pursuant to the terms of
        the
        Indenture.

      

      (b) Trustee
        and any successor Trustee shall (i) provide prompt written notices to Payee
        under those circumstances in which notice is required to be given by Trustee
        pursuant to the terms of the Indenture and as provided in Section
        8
        below
        and (ii) mail
        to
        all Payees any notice it receives from Payee pursuant to Section
        8 below.

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      (c) Except
        as
        otherwise provided herein, all notices, approvals, consents, correspondence
        or
        other communications required or desired to be given hereunder shall be given
        in
        writing and shall be delivered by overnight courier, hand delivery or certified
        or registered mail, postage prepaid, (i) if to Trustee, to the address set
        forth
        in Section
        12.07
        of the
        Indenture or to such other address as shall be designated by Trustee to Maker
        and Payees in writing, (ii) if to Payee, to the address noted under Payee’s name
        on the signature page attached to the Securities Purchase Agreement or to
        such
        other address as shall be designated by Payee to Maker and Trustee in writing
        and (iii) if to Wachovia, to the address noted in Section
        6(e)
        below or
        to such other address as shall be designated by Wachovia to Payee, Maker
        and
        Trustee in writing. All such notices and correspondence shall be effective
        when
        received.

      

      (d) If
        Maker
        or Payee mail a notice to one another pursuant to the terms of this Note,
        they
        shall also deliver or mail a copy to Trustee and Wachovia at the same time.
        Any
        notice from Wachovia to Payees shall be sufficiently provided if delivered
        to
        the Trustee pursuant to this Section 6. 

      

      (e) Any
        notice to be delivered to Wachovia shall be delivered to the following address
        (unless otherwise amended in writing to the entity delivering such
        notice):

       

      
        
          
            	 	
                    Wachovia
                      Bank, National Association

                    110
                      East Broward Blvd., Suite 2050

                    Ft.
                      Lauderdale, FL 33301

                    Phone
                      No.: (954) 467-2262

                    Facsimile
                      No.: (954) 467-5520 Attention:
                      Pat Cloninger

                  

          

        

      

      

      7. Events
        of Default.
        The
        entire principal balance of this Note shall, at the option of Payee and pursuant
        to the provisions set forth in Section
        8,
        immediately be due and payable upon the occurrence of one or more of the
        following events (each, an “Event
        of Default”):
        (i)
        Maker shall default in any payment of principal or interest on this Note
        when
        the same shall become due and payable, whether by acceleration or otherwise,
        when such default is not cured within thirty (30) days after Payee or Trustee
        provides written notice to Maker of such default; (ii) Maker shall default
        in
        any payment of principal or interest on any other senior indebtedness for
        borrowed money, including, but not limited to the Line of Credit; (iii) Maker
        shall apply for, or consent to, the appointment of a receiver, trustee or
        liquidator of Maker or of its property, admit in writing its inability to
        pay
        its debts as they mature, or make a general assignment for the benefit of
        creditors; or (v) Maker shall file a voluntary petition in bankruptcy or
        a
        petition or an answer seeking reorganization, or an arrangement with creditors,
        or a court order approving a petition filed against Maker under the federal
        bankruptcy laws shall be entered against Maker, which order shall not have
        been
        vacated or set aside within thirty (30) days. Upon the occurrence of any
        one or
        more Events of Default (i) Payee or Trustee, at its option and without further
        notice, demand or presentment for payment to Maker or others, may declare
        immediately due and payable the entire unpaid principal amount hereof; (ii)
        thereafter interest shall accrue on the outstanding principal balance at
        fifteen
        percent (15%) per annum from the date of such Event of Default until the
        date
        the unpaid principal balance hereof is paid in full; and (iii) Maker shall
        pay
        all costs, fees and expenses, including, without limitation, reasonable trial
        and appellate attorneys’ fees and expenses, paid or incurred by Payee or Trustee
        in connection with collection of this Note, whether paid or incurred in
        connection with collection by suit or otherwise. The waiver by Payee or Trustee
        of Maker’s prompt and complete performance of, or default under, any provision
        of this Note shall not operate nor be construed as a waiver of any subsequent
        breach or default, and the failure by Payee or Trustee to exercise any right
        or
        remedy which it may possess hereunder shall not operate nor be construed
        as a
        bar to the exercise of any such right or remedy upon the occurrence of any
        subsequent breach or default. No remedy conferred hereby shall be exclusive
        of
        any other remedy referred to herein or therein or now or hereafter available
        at
        law, in equity,
        by
        statute or otherwise.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      8. SEC
        Reports.
        In the
        event Maker is no longer a reporting company with the Securities and Exchange
        Commission (“SEC”),
        Maker
        will provide Payee with copies of the information and financial statements
        that
        would be required to be filed pursuant to Section 13 or 15(d) of the
        Securities Exchange Act of 1934, as amended, on Forms 10-K and 10-Q, at such
        times that any such form would be required to be filed with the SEC if Maker
        were a reporting company. At such time, Maker will also make available copies
        of
        any quarterly and annual reports that Maker makes available to its stockholders.
        Any delivery of such reports, information, documents, and other reports to
        Payee
        is for informational purposes only and Payee’s receipt of those such will not
        constitute notice or constructive notice of any information contained in
        such
        reports or determinable from information contained in such reports.

      

      9. Limitation
        on Suits.

      

      (a) Other
        than as provided in Sections
        9(c) and 9(d)
        below,
        upon an Event of Default, Payee may pursue any available remedy, whether
        provided for in this Note, the Indenture, the Security Agreement, or otherwise,
        only if:

      

      (i) Trustee
        has notice of such Event of Default;

      

      (ii) Holders
        of at least twenty-five
        percent (25%)
        in
        principal amount of the Notes make a written request to Trustee to pursue
        the
        remedy;

      

      (iii) Trustee
        either (A) gives to such holders notice that Trustee will not comply
        with
        such request, or (B) does not comply with such request within fifteen
        (15) days
        after receipt of the request from such holders; and

      

      (iv) Holders
        of more than sixty-six and 2/3 percent (662/3%)
        of the
        principal amount of the Notes do not give Trustee written notice inconsistent
        with the request delivered under Section
        9(a)(ii)
        prior to
        the earlier of (A) the date on which Trustee delivers a notice under
Section 9(a)(iii)(A)
        or (B)
        the expiration of the period described in Section 9(a)(iii)(B).

      

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      (b) Payee
        may
        not use this Note to prejudice the rights of another Payee or to obtain a
        preference or priority over another Payee.

      

      (c) Notwithstanding
        any other provision of this Note, Payee’s right to receive payment of principal
        and interest on this Note on or after the respective due dates expressed
        in this
        Note, or to bring suit for the enforcement of any such payment on or after
        such
        respective dates, will not be impaired or affected without the written consent
        of Payee.

      

      (d) Except
        as
        otherwise provided in the Subordination Agreement, nothing in this Note will
        limit or defer Payee’s right or ability to petition for commencement of a case
        under federal bankruptcy laws pertaining to the Maker.

      

      10. Miscellaneous.
        This
        Note shall be construed in accordance with and be governed by the internal
        laws
        of the State of Florida. Maker hereby: (i) waives demand, presentment, protest,
        notice of dishonor, suit against or joinder of any other person, and all
        other
        requirements necessary to charge or hold Maker liable with respect to this
        Note;
        (ii) waives any right to immunity from any such action or proceeding and
        waives
        any immunity or exemption of any property, wherever located, from garnishment,
        levy, execution, seizure or attachment prior to or in execution of judgment,
        or
        sale under execution or other process for the collection of debts; (iii)
        waives
        any right to interpose any set-off or non-compulsory counterclaim or to plead
        laches or any statute of limitations as a defense in any such action or
        proceeding. Notwithstanding anything to the contrary contained herein, the
        interest rate payable hereon shall not exceed the maximum rate of interest
        permissible under applicable law. To
        the
        extent any payment to Payee, or to Trustee on Payee’s behalf, or any part
        thereof, is subsequently invalidated, declared to be fraudulent or preferential,
        set aside and/or required to be repaid to Maker or its successors or assigns
        under any bankruptcy law, state or federal law, common law or equitable cause,
        then, to the extent of such payment or repayment, the obligations, or part
        thereof, under this Note that have been paid, reduced or satisfied by such
        amount shall be reinstated and continued in full force and effect as of the
        time
        immediately preceding such initial payment, reduction or
        satisfaction.
        Maker
        agrees to pay any documentary stamp required with respect to the execution,
        delivery, performance or enforcement of this Note. Maker’s obligations hereunder
        shall be absolute and unconditional and shall not be affected by any
        circumstance, happening or event whatsoever, including any setoff, counterclaim,
        recoupment, defense or other right that Maker may have against Payee or any
        other person for any reason whatsoever, whether arising out of or as a result
        of
        any contract, agreement or transaction between Maker and Payee, or otherwise.
        This Note may not be modified, amended or terminated, except in a writing
        executed by Maker and Payee; provided that, Wachovia shall receive ten (10)
        days
        prior written notice of any such modification, amendment or termination and
        provided further if and to the extent that any modification, amendment or
        termination adversely impacts the rights of Wachovia provided by the
        subordination provisions of this Note or may be deemed to violate the
        Subordination Agreement, such modification, amendment or termination shall
        also
        require Wachovia’ written consent. A consent to an amendment or a waiver by
        Payee will bind Payee and every subsequent holder of this Note or portion
        of the
        Note that evidences the same debt as the consenting Payee’s Note, even if a
        notation of the consent or waiver is not made on the Note. Time is of the
        essence with respect to Maker’s obligations and agreements under this
        Note.

      

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, the parties have caused this Note to be executed by their
        duly
        respective officers or persons as of the date first set forth
        above.

      
        	 	 	 
	 	STREICHER MOBILE FUELING, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Richard
                E. Gathright
	 	President
                and Chief Executive Officer

      AGREED
        TO
        AND ACCEPTED:

      

      
        _____________________________________
Name
        or Individual or Entity (Printed)

      

      _____________________________________

      Signature

      

      _____________________________________

      Title
        (if
        applicable)

      

      

      
        
           

        

        
          7Exhibit
        10.4

      THE
        SECURITIES REPRESENTED BY THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE
        SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE
        SECURITIES LAW. THESE SECURITIES MAY NOT BE SOLD OR OFFERED FOR SALE IN THE
        ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND
        ANY
        APPLICABLE STATE SECURITIES LAWS, OR AN EXEMPTION THEREFROM.

      

      THIS
        WARRANT MAY NOT BE EXERCISED EXCEPT IN COMPLIANCE WITH ALL APPLICABLE FEDERAL
        AND STATE SECURITIES LAWS TO THE REASONABLE SATISFACTION OF THE COMPANY AND
        LEGAL COUNSEL FOR THE COMPANY.

      

      
        	
                Void
                  after 5:00 P.M., Fort Lauderdale, Florida time, on August 31,
                  2009.

              	 	
                Right
                  to Purchase ________ Shares of the Common Stock of Streicher Mobile
                  Fueling, Inc.

              

      

      

      STREICHER
        MOBILE FUELING, INC.

      

      STOCK
        PURCHASE WARRANT

      

      Streicher
        Mobile Fueling, Inc., a Florida corporation (the “Company”),
        hereby certifies that for value received, __[Name,
        Address and Social Security Number of Holder]_
        or
        his/hers/its assigns (the “Holder”),
        is
        entitled to purchase, subject to the terms and conditions hereinafter set
        forth,
        an aggregate of _________ (___) fully paid and nonassessable shares
        (“Shares”)
        of the
        common stock of the Company (“Common
        Stock”),
        at an
        exercise price per Share equal to Two Dollars and Twenty Eight Cents ($2.28)
        per
        Share. The number of Shares to be received upon the exercise of this Warrant
        and
        the price to be paid for a Share may be adjusted from time to time as
        hereinafter set forth. The exercise price of a Share in effect at any time
        and
        as adjusted from time to time is hereinafter referred to as the “Warrant
        Price.”

      

      1. Term.
        The
        purchase right represented by this Warrant for ______ Shares is exercisable
        for
        a period of four (4) years, but in no event later than 5:00 P.M., Fort
        Lauderdale, Florida time, on August 31, 2009 (the “Expiration
        Date”).
        The
        Company shall be under no obligation to furnish to any Holder a notice of
        the
        expiration of this Warrant. 

      

      2. Method
        of Exercise; Payment; Issuance of New Warrant.

      

      (a) Subject
        to Section 1
        hereof,
        the purchase right represented by this Warrant may be exercised by any Holder
        hereof, in whole or in part, by the surrender of this Warrant (together with
        a
        duly executed notice of exercise, substantially in the form attached hereto
        as
Exhibit A)
        at the
        principal office of the Company and the payment to the Company, in immediately
        available funds, of an amount equal to the then applicable Warrant Price
        per
        Share multiplied by the number of Shares then being purchased. If the Company
        is
        merged, acquired or consolidated pursuant to a transaction in which the Company
        is not the surviving party, such Holder may elect, or the Company may require,
        on the date of such merger, acquisition or consolidation, Holder to surrender
        some or all of the rights represented by this Warrant in exchange for a number
        of Shares equal to the value (as determined below) of the Warrant being
        surrendered, in which case the number of Shares to be issued to the Holder
        upon
        such surrender shall be computed using the following formula:

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 	X	=	Y(A-B)

        	 	 	 	     A

        	 	 	 	 

        	Where:	X	=	the number of shares of Common Stock to be issued
                to the
                Holder.

        	 	 	 	 

        	 	
                Y

              	
                =

              	
                the
                  number of shares of Common Stock with respect to which this Warrant
                  is
                  being exercised.

              

        	 	 	 	 

        	 	A	
                =

              	the fair market value of one share of Common
                Stock.

        	 	 	 	 

        	 	B	
                =

              	Warrant Price.

      

      

      (b) If
        any
        Holder does surrender such exercise right in conjunction with a merger,
        acquisition or other consolidation pursuant to which the Company is not the
        surviving party, then the fair market value of one share of Common Stock
        shall
        be the value received by the holders of the Company’s Common Stock pursuant to
        such transaction for each share of Common Stock, and such purchase shall
        be
        effective upon the closing of such transaction, subject to the due, proper
        and
        prior surrender of this Warrant; or

      

      (c) In
        the
        event of an exercise of the purchase right represented by this Warrant,
        certificates for the Shares of stock so purchased shall be delivered to the
        exercising Holder hereof within thirty (30) days of the effective date of
        such
        purchase and, unless this Warrant has been fully exercised or expired, a
        new
        Warrant representing the portion of the Shares, if any, with respect to which
        this Warrant shall not then have been exercised shall also be issued to such
        Holder hereof within such thirty-day period. Upon the effective date of such
        purchase, the exercising Holder shall be deemed to be the holder of record
        of
        the Shares, even if a certificate representing such Shares has not been
        delivered to such Holder or if such Shares have not yet been set forth on
        the
        stock transfer books of the Company.

      

      3. Stock
        Fully Paid; Reservation of Shares.
        All
        Shares which may be issued upon the exercise of the rights represented by
        this
        Warrant will, upon issuance, be fully paid and nonassessable, and free from
        all
        taxes, liens and charges with respect to the issue thereof. During the period
        within which the rights represented by this Warrant may be exercised, the
        Company will at all times have authorized, and reserved for the purpose of
        the
        issue upon exercise of the purchase rights evidenced by this Warrant, a
        sufficient number of Shares of its Common Stock to provide for the exercise
        of
        the rights represented by this Warrant.

      

      4. Adjustment
        of Warrant Price and Number of Shares.
        The
        number and kind of securities purchasable upon the exercise of this Warrant
        and
        the Warrant Price shall be subject to adjustment from time to time upon the
        occurrence of certain events, as follows:

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      (a) Reclassification
        or Merger.
        In case
        of any reclass-ification or change of outstanding securities of the class
        issuable upon exercise of this Warrant (other than a change in par value,
        or
        from par value to no par value, or from no par value to par value, or as
        a
        result of a subdivision or combination), or in case of any merger of the
        Company
        with or into another corporation (other than a merger with another corporation
        in which the Company is a continuing corporation and which does not result
        in
        any reclassifi-cation or change of outstanding securities issuable upon exercise
        of this Warrant), or in case of any sale of all or substantially all of the
        assets of the Company, the Company shall, as a condition precedent to such
        transaction, (i) require the surrender of the Warrant pursuant to
        Section
        2
        hereof,
        or (ii) execute a new Warrant or cause such successor or purchasing
        corporation, as the case may be, to execute a new Warrant, providing that
        the
        Holders shall have the right to exercise such new Warrant and upon such exercise
        to receive, in lieu of each Share of Common Stock theretofore issuable upon
        exercise of this Warrant, the kind and amount of shares of stock, other
        securities, money and property receivable upon such reclassification, change
        or
        merger by the holder of one share of Common Stock, or (iii) any combination
        thereof. Such new Warrant shall provide for adjustments which shall be as
        nearly
        equivalent as may be practicable to the adjustments provided for in this
        Section 4.
        The
        provisions of this Section
        4(a)
        shall
        similarly apply to successive reclassifications, changes, mergers and
        transfers.

      

      (b) Subdivision
        or Combination of Shares.
        If the
        Company at any time while this Warrant remains outstanding and unexpired
        shall
        subdivide or combine its Common Stock, the Warrant Price shall be
        proportionately decreased in the case of a subdivision or increased in the
        case
        of a combination.

      

      (c) Stock
        Dividends.
        If the
        Company at any time while this Warrant is outstanding and unexpired shall
        pay a
        dividend or other distribution with respect to Common Stock or any other
        equity
        interest in the Company which is payable in Common Stock (except any
        distribution specifically provided for in the foregoing Sections
        4(a)
        and
4(b))
        then
        the Warrant Price shall be adjusted, from and after the date of determination
        of
        stockholders entitled to receive such dividend or distribution to that price
        determined by multiplying the Warrant Price in effect immediately prior to
        such
        date of determination by a fraction (a) the numerator of which shall
        be the
        total number of shares of Common Stock outstanding immediately prior to such
        dividend or distribution and (b) the denominator of which shall be
        the
        total number of shares of Common Stock outstanding immediately after such
        dividend or distribution.

      

      (d) Adjustment
        of Number of Shares.
        Upon
        each adjustment in the Warrant Price, the number of Shares of Common Stock
        purchasable hereunder shall be adjusted, to the nearest whole Share, to the
        product obtained by multiplying the number of Shares purchasable immediately
        prior to such adjustment in the Warrant Price by a fraction, the numerator
        of
        which shall be the Warrant Price immediately prior to such adjustment and
        the
        denominator of which shall be the Warrant Price immediately
        thereafter.

      

      5. Notice
        of Adjustments.
        Whenever the Warrant Price shall be adjusted pursuant to Section 4
        hereof,
        the Company shall make a certificate signed by its chief financial officer
        setting forth, in reasonable detail, the event requiring the adjustment,
        the
        amount of the adjustment, the method by which such adjustment was calculated,
        and the Warrant Price or Prices after giving effect to such adjustment, and
        shall cause copies of such certificate to be mailed (by first class mail,
        postage prepaid) to the Holder.

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      6. Notice
        of Certain Actions.
        In the
        event that the Company shall propose at any time:

      

      (i) to
        declare any dividend or distribution upon any class or series of its stock,
        whether in cash, property, stock or other securities, whether or not a regular
        cash dividend and whether or not out of earnings or earned surplus;

      

      (ii) to
        offer
        for subscription pro rata to the Holders of any class or series of its stock
        any
        additional shares of stock of any class or series or other rights;

      

      (iii) to
        effect
        any reclassification or recapitalization of its Common Stock outstanding
        involving a change in the Common Stock; or

      

      (iv) to
        merge
        or consolidate with or into any other corporation, or sell, lease or convey
        all
        or substantially all its assets or property, or to liquidate, dissolve or
        wind
        up, whether voluntary or involuntary,

      

      then
        in
        connection with each such event, the Company shall send to the
        Holder:

      

      (1) in
        respect of the matters referred to in (i) and (ii) above, at
        least ten
        (10) days’ prior written notice of the date on which a record shall be taken for
        such dividend, distribution or subscription rights (and specifying the date
        on
        which the holders of Common Stock shall be entitled thereto) or for determining
        rights to vote;

      

      (2) in
        the
        case of the matters referred to in (iii) and (iv) above, at least ten (10)
        days’
        prior written notice of the date for the determination of stockholders entitled
        to vote thereon (and specifying the date on which the holders of Common Stock
        Shares shall be entitled to exchange their Common Stock for securities or
        other
        property deliverable upon the occurrence of such event); and

      

      (3) prompt
        notice of any material change in the terms of any transaction described in
        (i)
        through (iv) above.

      

      Each
        such
        written notice shall be delivered personally or given by first class mail,
        postage prepaid, addressed to the Holders of the Warrants at the address
        for
        each such Holder as shown on the books of this Company.

      

      7. Fractional
        Shares.
        No
        fractional Shares of Common Stock will be issued in connection with any exercise
        hereunder, but in lieu of such fractional Shares the Company shall make a
        cash
        payment therefore in an amount determined in such reasonable manner as may
        be
        prescribed by the board of directors of the Company.

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      8. Redemption.
        The
        Company shall have the right to redeem the Warrant at any time after August
        31,
        2007, at $.01 per share if the Common Stock trades at two hundred (200%)
        of the
        Warrant Price for any twenty (20) consecutive trading days beginning anytime
        on
        or after such date. For purposes hereof, “trading day” shall mean any day on
        which the principal exchange or quotation service on which the Company’s Common
        Stock is traded is (i) open for trading and (ii) publishes a closing bid
        price
        for the Common Stock. At least fifteen (15) days before the redemption date,
        the
        Company shall mail, or cause to be mailed, by first class mail, a notice
        of
        redemption to the Holder at the Holder’s address in the Company’s records. The
        notice shall state:

       

      (a) the
        redemption date;

      

      (b) the
        redemption price; and

      

      (c) that
        this
        Warrant called for redemption must be surrendered to the Company to collect
        the
        redemption price. 

      

      9. Compliance
        with Securities Act.
        The
        Holders, by acceptance hereof, agree that this Warrant and the Shares to
        be
        issued upon exercise hereof are being acquired for investment and that no
        Holder
        will offer, sell or otherwise dispose of this Warrant or any Shares to be
        issued
        upon exercise hereof except under circumstances which will not result in
        a
        violation of the Securities Act of 1933, as amended (the “Securities
        Act”).
        Upon
        any acquisition or exercise of this Warrant or any portion thereof, the
        exercising Holder shall confirm in writing, in a form attached hereto as
        Exhibit B,
        that
        the Shares so purchased are being acquired for investment and not with a
        view
        toward distribution or resale other than by a registration statement filed
        by
        the Company. In addition, in the absence of such registration, the exercising
        Holder shall provide such additional information regarding such Holder’s
        financial and investment background as the Company may reasonably request.
        All
        Shares issued upon exercise of this Warrant (unless registered under the
        Securities Act) shall be stamped or imprinted with a legend in substantially
        the
        following form:

      

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

      

      10. Registration
        Rights.
        Nothing
        contained in this Section
        10
        shall be
        construed as requiring the exercise of the Warrant prior to the initial filing
        of any registration statement provided for in this Section
        10
        or the
        effectiveness thereof. 

      

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      (a) Demand
        Registration.
        At any
        time commencing on the date of issuance of this warrant as shown on the
        signature page hereto (the “Issue
        Date”)
        and on
        or before the Expiration Date, the holders of at least sixty-six and two-thirds
        percent (662/3%)
        of the
        shares (the “Registrable
        Shares”)
        issuable
        upon exercise of (i) the Warrants (as defined in the Securities Purchase
        Agreement) issued in accordance with the Securities Purchase Agreement dated
        of
        even date herewith (the “Securities
        Purchase Agreement”)
        between the Company, the Holder and the other Purchasers (as defined therein)
        and (ii) the warrants issued to Philadelphia Brokerage Corporation as placement
        agent for the offering in which this Warrant was issued, shall have the right
        to
        request registration under the Securities Act for all or any portion of the
        Registrable Shares upon the terms and conditions set forth in this Section 10(a).
        Promptly after receipt of a request for registration pursuant to this
Section 10(a)
        the
        Company shall notify the Holder in writing of such request for registration.
        Upon receipt of such notice from the Company (the “Company
        Notice”),
        the
        Holder may give the Company a written request to register all or some of
        the
        Holder’s Shares in the Registration Statement described in the Company Notice
        (the “Demand
        Notice”),
        provided that such Demand Notice is given within ten (10) days after the
        date on
        which the Company Notice is given (with such request stating (i) the
        amount
        of Shares to be included and (ii) any other information reasonably
        requested by the Company to properly effect the registration of such Shares).
        The Company shall, as soon as practicable after the date on which the Company
        Notice is given, file with the Securities and Exchange Commission (the
“SEC”)
        and
        use its best efforts to cause to become effective a Registration Statement
        which
        shall cover the Shares specified in the Demand Notice and in any written
        request
        from any other Purchaser received by the Company within ten (10) days of
        the
        date on which the Company Notice is given. No right to registration of Shares
        under this Section 10(a)
        shall be
        construed to limit any registration required under Section 10(b)
        hereof.
        The obligations of the Company under this Section 10(a)
        shall
        expire after the Company has afforded the Holder the opportunity to exercise
        registration rights under this Section 10(a)
        for one
        registration.

      

      (b) Piggy-back
        Registration.
        If at
        any time commencing on the Issue Date and on or before the Expiration Date,
        the
        Company shall determine to prepare and file with the SEC a Registration
        Statement relating to an offering for its own account or the account of others
        under the Securities Act of any securities of the Company, other than on
        Form
        S-4 or Form S-8 or their then equivalents relating to equity securities to
        be
        issued solely in connection with any acquisition of any entity or business
        or
        equity securities issuable in connection with employee benefit plans, the
        Company shall send to the Holder written notice of such determination and
        if,
        within ten (10) days after receipt of such notice, Holder shall so request
        in
        writing, the Company shall include in such Registration Statement all or
        any
        part of the Shares the Holder requests to be registered, except that if,
        in
        connection with any underwritten public offering for the account of the Company,
        the managing underwriter(s) thereof shall impose a limitation on the number
        of
        Registrable Shares which may be included in the Registration Statement because,
        in such underwriter(s)’ judgment, such limitation is necessary to effect an
        orderly public distribution, then the Company shall be obligated to include
        in
        such Registration Statement only such limited portion of the Registrable
        Shares
        with respect to which Holder has requested inclusion. Any exclusion of
        Registrable Shares shall be made pro rata among all Purchasers who have
        requested that Registrable Shares be included, in proportion to the number
        of
        Registrable Shares specified in their respective requests; provided, however,
        that the Company shall not exclude any Registrable Shares unless the Company
        has
        first excluded all outstanding securities the holders of which are not entitled
        by right to inclusion of securities in such Registration Statement; and provided
        further, however, that, after giving effect to the immediately preceding
        proviso, any exclusion of Registrable Shares shall be made pro rata with
        holders
        of other securities having the right to include such securities in the
        Registration Statement, based on the number of securities for which registration
        is requested except to the extent such pro rata exclusion of such other
        securities is prohibited under any written agreement entered into by the
        Company
        with the holder of such other securities prior to the Issue Date, in which
        case
        such other securities shall be excluded, if at all, in accordance with the
        terms
        of such agreement. No right to registration of Shares under this Section 10(b)
        shall be
        construed to limit any registration required under Section 10(a)
        hereof.
        The obligations of the Company under this Section 10(b)
        may be
        waived by holders of at least sixty-six and two-thirds percent (662/3%)
        of the
        Registrable Shares.

      

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      (c) Obligations
        of the Company.
        In
        connection with the registration of the Shares, the Company shall:

      

      (i) prepare
        promptly and file with the SEC the Registration Statement provided in
Section 10(a)
        with
        respect to the Shares and thereafter to use its best efforts to cause such
        Registration Statement relating to the Shares to become effective as soon
        as
        possible after such filing, and keep the Registration Statement effective
        at all
        times until the earlier of (A) two (2) years from the Expiration Date or
        (B) the
        date on which all Registrable Shares have been sold by the holders thereof
        (the
“Registration
        Period”);
        submit to the SEC, within three (3) Business Days after the Company learns
        that
        no review of the Registration Statement will be made by the staff of the
        SEC or
        the staff of the SEC has no further comments on the Registration Statement,
        as
        the case may be, a request for acceleration of the effectiveness of the
        Registration Statement to a time and date not later than forty-eight (48)
        hours
        after the submission of such request; notify the Holder of the effectiveness
        of
        the Registration Statement on the date the Registration Statement is declared
        effective; and, the Company represents and warrants to, and covenants and
        agrees
        with the Holder that the Registration Statement (including any amendments
        or
        supplements thereto and prospectuses contained therein, at the time it is
        first
        filed with the SEC, at the time it is ordered effective by the SEC and at
        all
        times during which it is required to be effective hereunder) and each such
        amendment and supplement at the time it is filed with the SEC and all times
        during which it is available for use in connection with the offer and sale
        of
        Shares shall not contain any untrue statement of a material fact or omit
        to
        state a material fact required to be stated therein, or necessary to make
        the
        statements therein, in light of the circumstances in which they were made,
        not
        misleading;

      

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

      

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      (iii) furnish
        to the Holder (1) promptly after the same is prepared and publicly
        distributed, filed with the SEC or received by the Company, one copy of the
        Registration Statement and any amendment thereto, each preliminary prospectus
        and prospectus and each amendment or supplement thereto, each letter written
        by
        or on behalf of the Company to the SEC or the staff of the SEC and each item
        of
        correspondence from the SEC or the staff of the SEC relating to such
        Registration Statement (other than any portion of any thereof which contains
        information for which the Company has sought confidential treatment) and
        (2) such number of copies of a prospectus, including a preliminary
        prospectus and all amendments and supplements thereto and such other documents,
        as such Holder reasonably may request in order to facilitate the disposition
        of
        the Shares;

      

      (iv) use
        best
        efforts to register and qualify the Shares covered by the Registration Statement
        under such securities or blue sky laws of such jurisdictions as the Purchasers
        who hold at least sixty-six and two-thirds percent (662/3%)
        of the
        Registrable Shares being offered reasonably request and use reasonable efforts
        to (1) prepare and file in those jurisdictions such amendments (including
        post-effective amendments) and supplements to such registrations and
        qualifications as may be necessary to maintain the effectiveness thereof
        at all
        times until the end of the Registration Period, (2) take such other
        actions
        as may be necessary to maintain such registrations and qualifications in
        effect
        at all times during the Registration Period and (3) take all other
        actions
        reasonably necessary or advisable to qualify the Shares for sale in such
        jurisdictions; provided, however, that the Company shall not be required
        in
        connection therewith or as a condition thereto (1) to qualify to do
        business in any jurisdiction where it would not otherwise be required to
        qualify
        but for this Section 10(c)(iv),
        (2) to subject itself to general taxation in any such jurisdiction,
        (3) to file a general consent to service of process in any such
        jurisdiction or (4) to make any change in its Articles of Incorporation
        or
        Bylaws which the Board of Directors of the Company determines to be contrary
        to
        the best interests of the Company and its stockholders;

      

      (v) as
        promptly as practicable after becoming aware of such event or circumstance,
        notify the Holder of any event or circumstance of which the Company has
        knowledge, as a result of which the prospectus included in the Registration
        Statement, as then in effect, includes an untrue statement of a material
        fact or
        omits to state a material fact required to be stated therein or necessary
        to
        make the statements therein, in light of the circumstances under which they
        were
        made, not misleading, and use its reasonable best efforts promptly to prepare
        a
        supplement or amendment to the Registration Statement to correct such untrue
        statement or omission, file such supplement or amendment with the SEC at
        such
        time as shall permit the Holder to sell Shares pursuant to the Registration
        Statement as promptly as practicable, and deliver a number of copies of such
        supplement or amendment to the Holder as the Holder may reasonably
        request;

      

      (vi) as
        promptly as practicable after becoming aware of such event, notify the Holder
        (or, in the event of an underwritten offering the managing underwriters)
        of the
        issuance by the SEC of any stop order or other suspension of effectiveness
        of
        the Registration Statement at the earliest possible time;

      

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      (vii) permit
        one legal counsel designated by the Purchasers holding at least sixty-six
        and
        two-thirds percent (662/3%)
        of the
        Registrable Shares being sold to review and comment on the Registration
        Statement and all amendments and supplements thereto a reasonable period
        of time
        prior to their filing with the SEC;

      

      (viii) make
        generally available to its security holders as soon as practical, but not
        later
        than ninety (90) days after the close of the period covered thereby, an earnings
        statement (in form complying with the provisions of Rule 158 under the
        Securities Act) covering a twelve (12) month period beginning not later than
        the
        first day of the Company’s fiscal quarter next following the effective date of
        the Registration Statement;

      

      (ix) during
        the period the Company is required to maintain effectiveness of the Registration
        Statement pursuant to Section 10(c)(i),
        the
        Company shall not bid for or purchase any Common Stock or other securities
        or
        any right to purchase Common Stock or other securities or attempt to induce
        any
        person to purchase any such security or right if such bid, purchase or attempt
        would in any way limit the right of the Holder to sell Shares by reason of
        the
        limitations set forth in Regulation M under the Securities Exchange Act of
        1934,
        as amended (the “Exchange
        Act”);
        and

      

      (x) take
        all
        other reasonable actions necessary to expedite and facilitate disposition
        by the
        Holder of the Shares pursuant to the Registration Statement.

      

      (d) Obligations
        of the Holder.
        In
        connection with the registration of the Shares, the Holder shall have the
        following obligations:

      

      (i) it
        shall
        be a condition precedent to the obligations of the Company to complete the
        registration pursuant hereto with respect to the Holder’s Shares that the Holder
        shall furnish to the Company such information regarding Holder, the Shares
        held
        by Holder and the intended method of disposition of the Shares held by Holder
        as
        shall be reasonably required to effect the registration of such Shares and
        shall
        execute such documents in connection with such registration as the Company
        may
        reasonably request. At least five (5) days prior to the first anticipated
        filing
        date of the Registration Statement, the Company shall notify the Holder of
        the
        information the Company requires from the Holder (the “Requested
        Information”)
        if any
        of Holder’s Shares are eligible for inclusion in the Registration Statement. If
        at least two (2) Business Days prior to the filing date the Company has not
        received the Requested Information from the Holder (at such time Holder becoming
        a “Non-Responsive
        Holder”),
        then
        the Company may file the Registration Statement without including the Shares
        but
        shall not be relieved of its obligation to file a Registration Statement
        with
        the SEC relating to the Shares of Non-Responsive Holder promptly after
        Non-Responsive Holder provides the Requested Information;

      

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

      

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      (iii) in
        the
        event Purchasers holding at least sixty-six and two-thirds percent
        (662/3%)
        of the
        Registrable Shares being registered determine to engage the services of an
        underwriter, Holder agrees to enter into and perform Holder’s obligations under
        an underwriting agreement, in usual and customary form, including, without
        limitation, customary indemnification and contribution obligations, with
        the
        managing underwriter of such offering and take such other actions as are
        reasonably required in order to expedite or facilitate the disposition of
        Shares, unless Holder has notified the Company in writing of the Holder’s
        election to exclude all of Holder’s Shares from the Registration
        Statement;

      

      (iv) Holder
        agrees that, upon receipt of any notice from the Company of the happening
        of any
        event of the kind described in Section
        10(c)(v),
        Holder
        will immediately discontinue disposition of Shares pursuant to the Registration
        Statement covering such Shares until Holder’s receipt of the copies of the
        supplemented or amended prospectus contemplated by Section
        10(c)(v)
        and, if
        so directed by the Company, Holder shall deliver to the Company (at the expense
        of the Company) or destroy (and deliver to the Company a certificate of
        destruction) all copies in such Holder’s possession of the prospectus covering
        such Shares current at the time of receipt of such notice; 

      

      (v) Holder
        may not participate in any underwritten registration hereunder unless Holder
        (1) agrees to sell Holder’s Shares on the basis provided in any
        underwriting arrangements approved by the Purchasers entitled hereunder to
        approve such arrangements, (2) completes and executes all questionnaires,
        powers of attorney, indemnities, underwriting agreements and other documents
        reasonably required under the terms of such underwriting arrangements and
        (3) agrees to pay its pro rata share of all underwriting discounts
        and
        commissions and other fees and expenses of investment bankers and any manager
        or
        managers of such underwriting and legal expenses to the underwriters applicable
        with respect to its Shares, in each case to the extent not payable by the
        Company pursuant to the terms of this Agreement; and

      

      (vi) Holder
        agrees to take all reasonable actions necessary to comply with the prospectus
        delivery requirements of the Securities Act applicable to its sales of
        Shares.

      

      (e) Expenses
        of Registration.
        All
        costs and expenses, other than underwriting or brokerage discounts, commissions
        and other fees related to the distribution of the Registrable Shares, incurred
        in connection with registrations, filings or qualifications pursuant to
Sections
        10(a)
        and
10(b),
        including, without limitation, all registration, listing and qualifications
        fees, printers and accounting fees and the fees and disbursement of counsel
        for
        the Company shall be borne by the Company, provided, however, that the Holder
        together with the other Purchasers shall bear the fees and out-of-pocket
        expenses of the one legal counsel selected by the Purchasers pursuant to
        Section 10(c)(vii)
        hereof.

      

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      (f) Indemnification.
        In the
        event any Shares are included in a Registration Statement under this
        Agreement:

      

      (i) To
        the
        extent permitted by law, the Company will indemnify and hold harmless Holder,
        the directors, if any, of Holder, the officers, if any, of Holder, each person,
        if any, who controls Holder within the meaning of the Securities Act or the
        Exchange Act, any underwriter (as defined in the Securities Act) for Holder,
        the
        directors, if any, of such underwriter and the officers, if any, of such
        underwriter, and each person, if any, who controls any such underwriter within
        the meaning of the Securities Act or the Exchange Act (each, an “Indemnified
        Person”),
        against any losses, claims, damages, liabilities or expenses (joint or several)
        incurred (collectively, “Claims”)
        to
        which any of them may become subject under the Securities Act, the Exchange
        Act
        or otherwise, insofar as such Claims (or actions or proceedings, whether
        commenced or threatened, in respect thereof) arise out of or are based upon
        any
        of the following statements, omissions or violations in the Registration
        Statement or any post-effective amendment thereof, or any prospectus included
        therein: (1) any untrue statement or alleged untrue statement of a
        material
        fact contained in the Registration Statement or any post-effective amendment
        thereof or the omission or alleged omission to state therein a material fact
        required to be stated therein or necessary to make the statements therein
        not
        misleading, (2) any untrue statement or alleged untrue statement of
        a
        material fact contained in any preliminary prospectus if used prior to the
        effective date of such Registration Statement, or contained in the final
        prospectus (as amended or supplemented, if the Company files any amendment
        thereof or supplement thereto with the SEC) or the omission or alleged omission
        to state therein any material fact necessary to make the statements made
        therein, in light of the circumstances under which the statements therein
        were
        made, not misleading or (3) any violation or alleged violation by
        the
        Company of the Securities Act, the Exchange Act, any state securities law
        or any
        rule or regulation under the Securities Act, the Exchange Act or any state
        securities law (the matters in the foregoing clauses (1) through (3) being,
        collectively, “Violations.”)
        Subject to the restrictions set forth in Section 10(f)(iv)
        with
        respect to the number of legal counsel, the Company shall reimburse Holder
        and
        the other Indemnified Persons, promptly as such expenses are incurred and
        are
        due and payable, for any legal fees or other reasonable expenses incurred
        by
        them in connection with investigating or defending any such Claim.
        Notwithstanding anything to the contrary contained herein, the indemnification
        agreement contained in this Section 10(f)(i):
        (1) shall not apply to a Claim arising out of or based upon a Violation
        which occurs in reliance upon and in conformity with information furnished
        in
        writing to the Company by any Indemnified Person or underwriter for such
        Indemnified Person expressly for use in connection with the preparation of
        the
        Registration Statement, the prospectus or any such amendment thereof or
        supplement thereto, if such prospectus was timely made available by the Company
        pursuant to Section 10(c)(iii)
        hereof;
        (2) with respect to any preliminary prospectus shall not inure to
        the
        benefit of any Indemnified Person if the untrue statement or omission of
        material fact contained in the preliminary prospectus was corrected in the
        prospectus, as then amended or supplemented, if such prospectus was timely
        made
        available by the Company pursuant to Section 10(c)(iii)
        hereof,
        and (3) shall not apply to amounts paid in settlement of any Claim
        if such
        settlement is effected without the prior written consent of the Company,
        which
        consent shall not be unreasonably withheld. Such indemnity shall remain in
        full
        force and effect regardless of any investigation made by or on behalf of
        the
        Indemnified Person and shall survive the transfer of the Shares by
        Holder.

      

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      (ii) In
        connection with any Registration Statement in which Holder is participating,
        Holder agrees to indemnify and hold harmless, to the same extent and in the
        same
        manner set forth in Section 10(f)(i),
        the
        Company, each of its directors, each of its officers who signs the Registration
        Statement, each person on, if any, who controls the Company within the meaning
        of the Securities Act or the Exchange Act, any underwriter and any other
        stockholder selling securities pursuant to the Registration Statement or
        any of
        its directors or officers or any person who controls such stockholder or
        underwriter within the meaning of the Securities Act or the Exchange Act
        (collectively and together with an Indemnified Person, an “Indemnified
        Party”),
        against any Claim to which any of them may become subject, under the Securities
        Act, the Exchange Act or otherwise, insofar as such Claim arises out of or
        is
        based upon any Violation, in each case to the extent (and only to the extent)
        that such Violation occurs in reliance upon and in conformity with written
        information furnished to the Company by Holder expressly for use in connection
        with such Registration Statement, and Holder will reimburse any legal or
        other
        expenses reasonably incurred by any Indemnified Party, promptly as such expenses
        are incurred and are due and payable, in connection with investigating or
        defending any such Claim; provided, however, that the indemnity agreement
        contained in this Section 10(f)(ii)
        shall
        not apply to amounts paid in settlement of any Claim if such settlement is
        effected without the prior written consent of Holder, which consent shall
        not be
        unreasonably withheld; provided further, however, that Holder shall be liable
        under this Section 10(f)(ii)
        for only
        that amount of a Claim as does not exceed the amount by which the net proceeds
        to Holder from the sale of Shares pursuant to such Registration Statement
        exceeds the cost of such Shares to Holder. Such indemnity shall remain in
        full
        force and effect regardless of any investigation made by or an behalf of
        such
        Indemnified Party and shall survive the transfer of the Shares by Holder.
        Notwithstanding anything to the contrary contained herein, the indemnification
        agreement contained in this Section 10(f)(ii)
        with
        respect to any preliminary prospectus shall not inure to the benefit of any
        Indemnified Party if the untrue statement or omission of material fact contained
        in the preliminary prospectus was corrected on a timely basis in the prospectus,
        as then amended or supplemented.

      

      (iii) The
        Company shall be entitled to receive indemnities from underwriters, selling
        brokers, dealer managers and similar securities industry professionals
        participating in any distribution, to the same extent as provided above,
        with
        respect to information so furnished in writing by such persons expressly
        for
        inclusion in the Registration Statement.

      

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      (iv) Promptly
        after receipt by an Indemnified Person or Indemnified Party under this
Section 10(f)
        of
        notice of the commencement of any action (including any governmental action),
        such Indemnified Person or Indemnified Party shall, if a Claim in respect
        thereof is to be made against any indemnifying party under this Section 10(f),
        deliver
        to the indemnifying party a written notice of the commencement thereof and
        the
        indemnifying party shall have the right to participate in, and, to the extent
        the indemnifying party so desires, jointly with any other indemnifying party
        similarly noticed, to assume control of the defense thereof with counsel
        selected by the indemnifying party but reasonably acceptable to the Indemnified
        Person or the Indemnified Party, as the case may be; provided, however, that
        an
        Indemnified Person or Indemnified Party shall have the right to retain its
        own
        counsel with the fees and expenses to be paid by the indemnifying party,
        if, in
        the reasonable opinion of counsel retained by the indemnifying party, the
        representation by such counsel of the Indemnified Person or Indemnified Party
        and the indemnifying party would be inappropriate due to actual or potential
        differing interests between such Indemnified Person or Indemnified Party
        and any
        other party represented by such counsel in such proceeding. In such event,
        the
        Company shall pay for only one separate legal counsel for the Purchasers;
        such
        legal counsel shall be selected by the Purchasers holding at least sixty-six
        and
        two-thirds percent (662/3%)
        of the
        Registrable Shares included in the Registration Statement to which the Claim
        relates. The failure to deliver written notice to the indemnifying party
        within
        a reasonable time of the commencement of any such action shall not relieve
        such
        indemnifying party of any liability to the Indemnified Person or Indemnified
        Party under this Section
        10(f),
        except
        to the extent that the indemnifying party is prejudiced in its ability to
        defend
        such action. The indemnification required by Section
        10(f)
        shall be
        made by periodic payments of the amount thereof during the course of the
        investigation or defense, as such expense, loss, damage or liability is incurred
        and is due and payable.

      

      (v) The
        agreements, representations and warranties of the Company and Holder set
        forth
        or provided in this Section
        10
        shall
        survive any exercise of this Warrant and the delivery of and payment for
        the
        Shares hereunder and shall remain in full force and effect, regardless of
        any
        investigation made by or on behalf of the Company and Holder.

      

      11. Rights
        of Stockholders.
        Holder
        shall not be entitled to vote or receive dividends or be deemed the holder
        of
        Common Stock or any other securities of the Company which may at any time
        be
        issuable on the exercise hereof for any purpose, nor shall anything contained
        herein be construed to confer upon Holder, any of the rights of a stockholder
        of
        the Company or any right to vote for the election of directors or upon any
        matter submitted to stockholders at any meeting thereof, or to give or withhold
        consent to any corporate action (whether upon any recapitalization, issuance
        of
        stock, reclassification of stock, change of par value or change of stock
        to no
        par value, consolida-tion, merger, conveyance, or otherwise) or to receive
        notice of meetings, or to receive dividends or subscription rights or otherwise
        before the Warrant or Warrants shall have been exercised and the Shares
        purchasable upon the exercise hereof shall have become deliverable, as provided
        herein.

      

      12. Governing
        Law.
        The
        terms and conditions of this Warrant shall be governed by and construed in
        accordance with Florida law.

      

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

      13. Miscellaneous.
        The
        headings in this Warrant are for purposes of convenience and reference only,
        and
        shall not be deemed to constitute a part hereof. Neither this Warrant nor
        any
        term hereof may be changed, waived, discharged or terminated orally but only
        by
        an instrument in writing signed by the Company and the registered Holder
        hereof.
        All notices and other communications from the Company to Holder shall be
        mailed
        by first-class registered or certified mail, postage prepaid, to the address
        furnished to the Company in writing by the last Holder of this Warrant who
        shall
        have furnished an address to the Company in writing.

       

      
        	 	 	 
	 	STREICHER
                MOBILE FUELING, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Richard
                E. Gathright, President and
	 	Chief
                Executive Officer

      

       

      Issue
        Date: September 1, 2005

      
        
           

        

        
          14

          
            

          

        

        
           

          
          

        

      

      EXHIBIT
        A

      TO
        STOCK PURCHASE WARRANT

      

      NOTICE
        OF EXERCISE

      

      TO: STREICHER
        MOBILE FUELING, INC.

      

      1. The
        undersigned hereby elects to purchase ____________ Shares of Common Stock
        of
        Streicher Mobile Fueling, Inc. pursuant to the terms of the attached Warrant,
        and tenders herewith payment of the purchase price of such Shares in full,
        together with all applicable transfer taxes, if any.

      

      2. Please
        issue a certificate or certificates representing said Shares of Common Stock
        in
        the name of the undersigned or in such other names as is specified
        below:

       

      
        

      

       

    

    
      
        

      

       

      
      

      
        

      

      

      3. [For
        use
        only in the absence of an effective registration statement covering the Shares]
        The undersigned represents that the aforesaid Shares of Common Stock are
        being
        acquired for the account of the undersigned for investment and not with a
        view
        to, or for resale in connection with, the distribution thereof and that the
        undersigned has no present intention of distributing or reselling such Shares.
        In support thereof, the undersigned has executed an Investment Representation
        Statement attached hereto as Exhibit B.

      

      

      
        	Date:__________________________	____________________________________
	 	(Signature)

      

      
        
          
            

          

           

        

        
           

          
            

          

        

        
           

          
          

        

      

      EXHIBIT
        B

      TO
        STOCK PURCHASE WARRANT

      

      INVESTMENT
        REPRESENTATION STATEMENT

      

      
        	PURCHASER:	____________________________________

        	 	 

        	COMPANY:	STREICHER MOBILE FUELING,
                INC.

        	 	 

        	SECURITY:	COMMON STOCK PURCHASE WARRANT AND
                UNDERLYING
                COMMON STOCK

        	 	 

        	AMOUNT:	____________________________________

        	 	 

        	DATE:	____________________________________

      

      
          

      

      In
        connection with the purchase of the above-listed securities (the “Securities”),
        the
        undersigned (the “Purchaser”)
        represents to the Company the following:

      

      (a) The
        Purchaser is aware of the Company’s business affairs and financial condition,
        and has acquired sufficient information about the Company to reach an informed
        and knowledgeable decision to acquire the Securities. The Purchaser is
        purchasing these Securities for the Purchaser’s own account for investment
        purposes only and not with a view to, or for the resale in connection with,
        any
“distribution” thereof for purposes of the Securities Act of 1933, as amended
        (the “Securities
        Act”).

      

      (b) The
        Purchaser understands that the Securities have not been registered under
        the
        Securities Act in reliance upon a specific exemption therefrom, which exemption
        depends upon, among other things, the bona fide nature of the Purchaser’s
        investment intent as expressed herein. In this connection, the Purchaser
        understands that, in the view of the Securities and Exchange Commission
        (“SEC”),
        the
        statutory basis for such exemption may be unavailable if the Purchaser’s
        representation was predicated solely upon a present intention to hold these
        Securities for the minimum capital gains period specified under tax statutes,
        for a deferred sale, for or until an increase or decrease in the market price
        of
        the Securities, or for a period of one year or any other fixed period in
        the
        future.

      

      (c) The
        Purchaser further understands that the Securities must be held indefinitely
        unless subsequently registered under the Securities Act or unless an exemption
        from registration is otherwise available. Moreover, the Purchaser understands
        that the Company is under no obligation to register the Securities except
        as set
        forth in the Warrant. In addition, the Purchaser understands that the
        certificate evidencing the Securities will be imprinted with a legend which
        prohibits the transfer of the Securities unless they are registered or such
        registration is not required in the opinion of counsel for the
        Company.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (d) The
        Purchaser is aware of the provisions of Rule 144, promulgated under
        the
        Securities Act, which, in substance, permits limited public resale of
“restricted securities” acquired, directly or indirectly, from the issuer
        thereof (or from an affiliate of such issuer), in a non- public offering
        subject
        to the satisfaction of certain conditions.

      

      (e) The
        Purchaser further understands that at the time the Purchaser wishes to sell
        the
        Securities there may be no public market upon which to make such a
        sale.

      

      (f) The
        Purchaser further understands that in the event all of the requirements of
        Rule 144 are not satisfied, registration under the Securities Act,
        compliance with Regulation A, or some other registration exemption
        will be
        required; and that, notwithstanding the fact that Rule 144 is not
        exclusive, the Staff of the SEC has expressed its opinion that persons proposing
        to sell private placement securities other than in a registered offering
        and
        otherwise than pursuant to Rule 144 will have a substantial burden
        of proof
        in establishing that an exemption from registration is available for such
        offers
        or sales, and that such persons and their respective brokers who participate
        in
        such transactions do so at their own risk.

       

      
        	 	Signature of Purchaser:
	 	 
	Date:__________________________	____________________________________
	 	 

      

       

      
        
           

        

        
          2

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