<PAGE>   1
                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
    EXCHANGE ACT OF 1934

For the quarterly period ended:  March 31, 2001
                                 --------------

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT OF 1934

For the transition period from                             to
                               ---------------------------    -----------------

                        Commission file number: 000-27407
                                                ---------

                                    JAWZ Inc.
                -------------------------------------------------
               (Exact name of registrant as specified in charter)


      Delaware                                              98-16701
--------------------------------                  ------------------------------
(State of Other Jurisdiction of                   (I.R.S. Employer
Incorporation or Organization)                    Identification No.)

          12 Concorde Gate, Suite 900, Toronto, Ontario, Canada M3C 3N6
          -------------------------------------------------------------
                    (Address of principal executive offices)

                                   (Zip Code)

                                 1-403-508-5055
               --------------------------------------------------
              (Registrant's telephone number, including area code)

                             JAWS Technologies, Inc.
         ------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes   X       No
    -----       ------

     The number of shares of the Registrant's common stock par value $0.001 per
share (the "Common Stock"), outstanding as of May 9, 2001 was 7,301,091 shares
(post consolidation).


<PAGE>   2


                         PART I - FINANCIAL INFORMATION


                                EXPLANATORY NOTE

     THIS FORM 10-Q CONTAINS PREDICTIONS, PROJECTIONS AND OTHER STATEMENTS ABOUT
THE FUTURE THAT ARE INTENDED TO BE "FORWARD-LOOKING STATEMENTS" WITHIN THE
MEANING OF SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
(COLLECTIVELY, "FORWARD-LOOKING STATEMENTS"). FORWARD-LOOKING STATEMENTS INVOLVE
RISKS AND UNCERTAINTIES. A NUMBER OF IMPORTANT FACTORS COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS. THESE
FACTORS INCLUDE THE INABILITY TO SUCCESSFULLY DEVELOP AND COMMERCIALIZE
PRODUCTS, THE COMPANY'S LIMITED OPERATING HISTORY AND CONTINUING OPERATING
LOSSES, RECENT AND POTENTIAL DEVELOPMENT STRATEGIC ALLIANCES, THE OUTCOME OF
PENDING LITIGATION, THE IMPACT OF ACQUISITIONS, ESTABLISHING AND MAINTAINING
EFFECTIVE DISTRIBUTION CHANNELS, IMPACT AND TIMING OF LARGE ORDERS, PRICING
PRESSURES IN THE MARKET, THE COMPANY'S LIQUIDITY AND CAPITAL RESOURCES, SYSTEMS
FAILURES, TECHNOLOGICAL CHANGES, VOLATILITY OF SECURITIES MARKETS, GOVERNMENT
REGULATIONS, AND ECONOMIC CONDITIONS AND COMPETITION IN THE GEOGRAPHIC AND THE
BUSINESS AREAS WHERE WE CONDUCT OUR OPERATIONS. IN ASSESSING FORWARD-LOOKING
STATEMENTS CONTAINED IN THIS INTERIM REPORT ON FORM 10-Q, READERS ARE URGED TO
READ CAREFULLY ALL CAUTIONARY STATEMENTS - INCLUDING THOSE CONTAINED IN OTHER
SECTIONS OF THIS FORM 10-Q AND THE COMPANY'S FORM 10KA FILED ON APRIL 30, 2001.


ITEM 1. FINANCIAL STATEMENTS
(see next page)


<PAGE>   3



                                                    JAWZ INC.
                                           CONSOLIDATED BALANCE SHEETS
                                   (All amounts are expressed in U.S. dollars)
                                       (See Note 1 - Basis of presentation)


<TABLE>
<CAPTION>
AS AT                                                               MARCH 31,         DECEMBER 31,
                                                                       2001              2000
                                                                        $                 $
                                                                    -----------       ----------
                                                                    (Unaudited)

<S>                                                                   <C>              <C>
ASSETS (NOTE 7)
CURRENT
Cash and cash equivalents                                                78,769          335,901
Accounts receivable  (Note 3)                                         1,569,720        3,193,198
Prepaid expenses and deposits                                           332,555          277,934
Deferred charges                                                        177,001          177,230
Due from related parties   (Note 9)                                     449,225          499,569
                                                                     ----------       ----------
Total Current Assets                                                  2,607,269        4,483,832
                                                                     ==========       ==========
Equipment and leasehold improvements, net   (Note 5)                  3,597,564        3,685,308
Intangible assets  (Note 6)                                           2,912,995        3,417,672
Long term investments  (Note 4)                                       3,545,924        4,107,096
                                                                     ----------       ----------
Total Assets                                                         12,663,752       15,693,908
                                                                     ==========       ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT
Accounts payable and accrued liabilities                              4,619,034        5,033,400
Current portion of capital lease obligations payable                     94,150           97,972
Deferred revenues                                                       486,546          326,738
Due to related parties  (Note 9)                                        265,006          176,405
Lease inducement                                                        216,775          240,480
Promissory notes                                                             --        2,790,030
Secured Loan (Note 7)                                                 4,195,000               --
Loans from related parties (Note 7)                                     365,000               --
                                                                     ----------       ----------
Total Current Liabilities                                            10,241,512        8,665,025
                                                                     ----------       ----------
Capital lease obligations payable                                       250,820          286,983
                                                                     ----------       ----------
Total Liabilities                                                    10,492,332        8,952,008
                                                                     ==========       ==========
Commitments & Contingencies (Notes 1 and 14)

STOCKHOLDERS' EQUITY
Authorized
 95,000,000 common shares at $0.001 par value
        5,000,000 preferred shares at $0.001 par value
OUTSTANDING:
6,145,656 common shares issued and fully paid (December 31, 2000 - 4,185,299
adjusted for share consolidation)
Common stock issued and paid-up                                          61,456           41,853
Additional paid in capital   (Note 8)                                67,646,498       63,535,271
Cumulative translation adjustment                                       437,930         (548,003)
Deficit                                                             (65,974,464)     (56,287,221)
                                                                    -----------       ----------
                                                                      2,171,420        6,741,900
                                                                    -----------       ----------
                                                                     12,663,752       15,693,908
                                                                     ==========       ==========
</TABLE>

The accompanying notes are an integral part of these financial statements



<PAGE>   4

                                    JAWZ INC.
       CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT AND COMPREHENSIVE LOSS
                   (all amounts are expressed in U.S. dollars)

<TABLE>
<CAPTION>
                                                                        THREE MONTHS ENDED
                                                                     ---------------------------
                                                                      MARCH 31,       March 31,
                                                                        2001             2000
                                                                          $                $
                                                                     (UNAUDITED)     (Unaudited)
                                                                     -----------     -----------
<S>                                                                   <C>                <C>
REVENUE (NOTE 9)
Consulting revenue                                                    1,381,058          295,044
Product Revenue                                                         778,628          251,641
Other income                                                             39,317               --
                                                                     ----------       ----------
Total Revenue                                                         2,199,002          546,685
                                                                    ===========      ===========

OPERATING EXPENSES
Cost of sales                                                         2,056,099          178,141
Advertising and promotion                                               194,976          475,166
Bad Debts                                                               143,759               --
Selling, General and administration  (Note 9)                         6,449,862        3,117,661
                                                                     ----------       ----------
Total Operating expenses                                              8,844,696        3,770,968
                                                                    ===========      ===========

Operating loss before depreciation and amortization                  (6,645,694)      (3,224,283)
Depreciation                                                            279,939           61,825
Amortization                                                            351,770        1,001,440
                                                                     ----------       ----------
OPERATING LOSS                                                       (7,277,403)      (4,287,548)
                                                                     ----------       ----------
Interest income                                                              --         (105,297)
Interest expense, financing fees and debt discount                      124,734           13,365
Foreign exchange loss/(gain)                                          1,297,817         (175,565)
Loss on impairment of investment (Note 4)                               987,289               --
                                                                     ----------       ----------
NET LOSS FOR THE PERIOD                                              (9,687,243)      (4,020,051)

OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustment                                 985,933         (171,199)
COMPREHENSIVE LOSS                                                   (8,701,310)      (4,191,250)
                                                                     ----------       ----------
DEFICIT, BEGINNING OF PERIOD                                        (56,287,221)     (10,380,917)
                                                                     (9,687,243)      (4,020,051)
                                                                     ----------       ----------
Net loss for the period
DEFICIT, END OF PERIOD                                              (65,974,464)     (14,400,968)
                                                                    ===========      ===========

NET LOSS PER COMMON SHARE  (NOTE 10)                                      (1.58)           (1.40)
                                                                    ===========      ===========
</TABLE>

The accompanying notes are an integral part of these financial statements.


<PAGE>   5



                                    JAWZ INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   (all amounts are expressed in U.S. dollars)

<TABLE>
<CAPTION>
                                                                       THREE MONTHS ENDED
                                                                     ----------------------------
                                                                       MARCH 31,      March 31,
                                                                         2001            2000
                                                                          $               $
                                                                     (UNAUDITED)     (Unaudited)
                                                                     -----------     ------------
<S>                                                                  <C>              <C>
NET CASHFLOWS FROM OPERATING ACTIVITIES                              (4,053,802)      (3,401,889)
                                                                     ----------       ----------
CASH FLOWS USED IN INVESTING ACTIVITIES
Purchase of equipment and leasehold improvements                       (382,504)        (411,967)
Cash acquired on purchases of subsidiaries                                   --          182,532
Acquisitions of long term investments                                        --           20,000)
                                                                     ----------       ----------
                                                                       (382,504)        (249,435)
                                                                     ----------       ----------

CASH FLOWS GENERATED BY FINANCING ACTIVITIES
Proceeds from the issuance of common stock, net of issue costs          714,189        3,684,229
Secured loan received                                                 3,099,985               --
Related party loans received                                            365,000               --
                                                                     ----------       ----------
                                                                      4,179,174        3,684,229
                                                                     ----------       ----------

INCREASE/(DECREASE) IN CASH                                            (257,132)          32,905
Cash and cash equivalents, beginning of period                          335,901        8,430,701
                                                                     ----------       ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD                                 78,769        8,463,606
                                                                     ----------       ----------
</TABLE>

The accompanying notes are an integral part of these financial statements.






<PAGE>   6
               As at March 31, 2001 (Unaudited), December 31, 2000
      and for the three months ended March 31, 2001 and 2000 (unaudited).

1.   DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

JAWZ Inc., (the "Company") was incorporated on January 27, 1997 under the laws
of the State of Nevada. During the year, it changed its name to JAWZ Inc.
(formerly JAWS Technologies, Inc.) and migrated to the State of Delaware where
it is now subject to corporate laws of Delaware.

The Company provides e-security services. The Company assists in removing the
burden of information risk management for its customers by providing products
and services that cover the entire e-security market (from assessment to
implementation to monitoring), via its three divisions, Security Products,
Professional Security Services and Managed Security Services. The Company
targets six key market verticals: governments, cyber crime and forensics,
healthcare, financial services, e-commerce, and the telecom markets. The
Company's international headquarters is located in Toronto, Canada with offices
in Calgary, Burlington and Ottawa, Canada, New Jersey , Florida and Chicago,
USA.

The consolidated financial statements include the accounts of the Company and
its wholly-owned subsidiaries.

The accompanying consolidated financial statements have been prepared on a going
concern basis, which contemplates the realization of assets and the discharge of
liabilities in the normal course of business for the foreseeable future. The
Company has experienced significant losses and negative cash flows from
operations since inception and, as of March 31, 2001, has an accumulated deficit
of $65,974,464 and a working capital deficiency of $7,634,243. Such losses are
attributable to both cash losses and losses resulting from costs incurred in the
development of the Company's services and infrastructure and non-cash interest
and amortization charges. The Company's continuation as a going concern is
dependent on its ability to generate positive cash flow from operations, to meet
its obligations on a timely basis and to obtain additional financing as may be
required, and ultimately to attain successful operations. However, no assurance
can be given at this time as to whether the Company will achieve any of these
conditions. These factors, among others, raise substantial doubt about the
Company's ability to continue as a going concern. The consolidated financial
statements do not include any adjustments to the carrying values and
classifications of recorded asset or liability amounts that might be necessary
should the Company be unable to continue as a going concern.

Additional funding will be required to maintain continuing operations.
Management intends to seek additional financing through future private or public
offerings of stock, or other instruments (such as debt) as required, or sale of
divisions of the Company. Management is concurrently pursuing a plan to generate
positive cash flow from operations that includes (but is not limited to)
eliminating unprofitable business lines, reducing overhead costs, closing
unprofitable office locations, flattening its organizational structure, and
downsizing its work force to better match short term revenue opportunities and
industry standards. Some additional financing has been arranged subsequent to
the end of the quarter. (see note 15).

2.   SIGNIFICANT ACCOUNTING POLICIES

The accompanying unaudited interim consolidated financial statements as of March
31, 2001 and for the three months ended March 31, 2001 and March 31, 2000 have
been prepared on substantially the same basis as the Company's annual
consolidated financial statements and should be read in conjunction with the
Company's Annual Report on Form 10-K as amended for the year ended December 31,
2000. These statements do not include all of the information and footnotes
required by generally accepted accounting principles for complete financial
statements. In management's opinion, the unaudited interim consolidated
financial statements reflect all adjustments, consisting of only normal
recurring adjustments, necessary for a fair presentation of the results for
those periods and the financial condition at those dates. The consolidated
results for the interim periods are not necessarily indicative of results to be
expected for the full year.

3.   ACCOUNTS RECEIVABLE

Accounts Receivable are recorded net of an allowance for doubtful accounts of
$1,657,702 (Dec. 31, 2000 $1,608,621).


                                       6
<PAGE>   7

4.   INVESTMENTS

Investments consist of the following:

<TABLE>
<CAPTION>
                                                                    MARCH 31,       DECEMBER 31,
                                                                       2001             2000
                                                                   (UNAUDITED)
                                                                        $                 $
                                                                   ------------     ------------
<S>                                                                  <C>               <C>
(a)   e-Financial Depot Inc. (common shares)                           810,859         1,266,848
(b)   Cobratech Industries Inc. (common shares)                         20,000            20,000
(c)   Iconix Canada Inc. (common shares)                               531,300         1,062,600
(d)   CU Connection Ltd. (convertible debenture)                     2,122,244         1,757,648
(e)   Javien Inc. (convertible debenture)                            61,521                   --
                                                                     ---------         ---------
                                                                     3,545,924         4,107,096
                                                                     =========         =========
</TABLE>

(a)  On December 12, 2000 the Company received 2,384,880 shares of common stock
     of e-Financial Depot Inc. in settlement of an account receivable of
     $2,146,392. e-Financial Depot Inc. is a publicly traded entity in which a
     director is also a director and officer of the Company. At December 31,
     2000 the investment was assessed as permanently impaired and was been
     written down by $879,544 to its estimated fair market value of $1,266,848.
     At March 31, 2001 the investment was again assessed as permanently impaired
     and has been written down by $455,989 to its estimated fair market value of
     $810,859.

(b)  On January 6, 2000, the Company exercised its option to purchase 2,000,000
     (25%) of Cobratech Industries Inc common shares for $20,000. Following an
     acquisition of Cobratech by CTI Diversified Holdings Inc the Company now
     holds 1,051,368 common shares of CTI which is less than 20%. The Company
     granted CTI the exclusive right to market and sell the Company's products
     in Asia for a four year period commencing on October 19, 1999. The Company
     will receive a 25% royalty on all products sold by CTI. No royalties have
     been received to date. The investment has been recorded at cost which
     approximates fair value.

(c)  On December 29, 2000, the Company acquired 130,762 common shares of Iconix
     Canada Inc. together with an option to purchase 51,000 additional shares,
     in exchange for 2,000,000 common shares of the Company valued at
     $1,062,600. Iconix is an entity whose majority shareholder is also a
     majority shareholder of the Company. As at December 31, 2000 a director of
     the Company is the sole director of Iconix. As at March 31, 2001 the
     investment was assessed as impaired and was written down by $531,300 to its
     estimated fair market value of $531,300. This provision is subject to
     measurement uncertainty. The maximum potential loss could be as much as the
     full value of the investment.

(d)  The convertible debenture of up to $2,335,000 was issued by CU Connection
     Ltd., a private Ontario Corporation ("CU Connect") as payment for services
     and fees provided by the Company. For additional consideration of $379,891,
     the Company may elect to convert the debenture into 51% of the outstanding
     common shares of CU Connect. The 10% debenture bears interest commencing
     immediately after the last day of the conversion period of a project the
     Company is delivering to CU Connect. To date $2,122,244 has been drawn on
     the debenture. This debenture is classified as being held to maturity and
     is recorded at cost.

(e)  The convertible debenture of up to $61,521 was issued by Javien Inc., a
     private Corporation as payment for rent as part of a sublease agreement
     with the Company. The debenture bears interest at the simple rate of 8% per
     annum and has a maturity date of December 31, 2002. The Company may elect
     to convert the debenture into common shares of Javien Inc. at a per share
     value of the lower of $0.75 or the lowest effective price per share of any
     private placement or public financing completed by Javien during the period
     that the debenture is outstanding. This debenture is classified as being
     held to maturity and is recorded at cost.


                                       7
<PAGE>   8



5.   EQUIPMENT AND LEASEHOLD IMPROVEMENTS
<TABLE>
<CAPTION>
                                                                   MARCH 31,        DECEMBER 31,
                                                                      2001              2000
                                                                  (UNAUDITED)
                                                                       $                 $
                                                                  ------------      ------------
<S>                                                                 <C>                <C>
Security equipment                                                     27,190             28,602
Furniture and fixtures                                                852,742            890,689
Computer hardware                                                   2,089,248          1,995,214
Computer software                                                     268,373            224,699
Leasehold improvements                                              1,444,742          1,395,556
                                                                    ---------          ---------
                                                                    4,682,295          4,534,760
                                                                    ---------          ---------

Less accumulated depreciation                                       1,084,731            849,452
                                                                    ---------          ---------
NET BOOK VALUE                                                      3,597,564          3,685,308
                                                                    =========          =========
</TABLE>


6.  INTANGIBLE ASSETS

Intangible assets includes the cost of software licenses and goodwill and
employee and consultants base acquired from recent acquisitions.

<TABLE>
<CAPTION>

                                                             MARCH 31, 2001 (UNAUDITED)
                                                       -----------------------------------------
                                                                    ACCUMULATED        NET BOOK
                                                        COST        AMORTIZATION         VALUE
                                                          $              $                 $
                                                       ----------   ------------       ---------
<S>                                                    <C>            <C>              <C>
Employee and consultants base                          13,117,111     10,287,638       2,829,473
Goodwill                                               13,117,111     13,117,111              --
Software licenses                                          95,232         11,710          83,522
                                                       ----------     ----------       ---------
                                                       26,329,454     23,416,459       2,912,995
                                                       ==========     ==========       =========
</TABLE>

<TABLE>
<CAPTION>
                                                                 DECEMBER 31, 2000
                                                       -----------------------------------------
                                                                      ACCUMULATED      NET BOOK
                                                          COST        AMORTIZATION       VALUE
                                                           $              $                $
                                                       -----------    ----------      ----------
<S>                                                    <C>            <C>              <C>
Employee and consultants base                          13,736,598     10,411,798       3,324,800
Goodwill                                               13,736,598     13,736,598              --
Software licenses                                         100,182          7,310          92,872
                                                       ----------     ----------       ---------
                                                       27,573,378     24,155,706       3,417,672
                                                       ==========     ==========       =========
</TABLE>


At December 31, 2000, it was determined that the goodwill acquired had no future
value to the company and it was written off in its entirety, in the amount of
$10,218,683. It was also determined that there was an impairment in the value of
the employee and consultants base acquired, and it has been written down to its
estimated fair value of $3,324,800, resulting in a writedown of $6,893,884. The
writedowns were included in amortization in 2000.


                                       8
<PAGE>   9



7.   LOANS

The secured loan of $4,195,000 bears interest at 8% per annum and is payable on
June 27, 2001. A first charge over the assets of the Company has been pledged as
collateral for the loan.

The loans from related parties in the amount of $365,000 are non-interest
bearing and have no set terms of repayment.

8.  SHARE CAPITAL

AUTHORIZED
    95,000,000 common shares at $0.001 par value, including exchangeable shares
      5,000,000 preferred shares at $0.001 par value

COMMON STOCK ISSUED

<TABLE>
<CAPTION>

                                              3 MONTHS ENDED MARCH 31, 2001 (UNAUDITED)          YEAR ENDED DECEMBER 31, 2000
                                              -----------------------------------------     --------------------------------------
                                                   NUMBER      PAR     ADDITIONAL PAID         NUMBER       PAR    ADDITIONAL PAID
                                                     OF        VALUE      IN CAPITAL             OF        VALUE      IN CAPITAL
                                                   SHARES       $             $                SHARES        $             $
                                                ----------    ------   ----------------      ----------    ------  ----------------
<S>                                            <C>           <C>        <C>                  <C>           <C>         <C>
Balance, January 1                             41,852,988    41,853     63,535,271           25,040,188    25,040      21,823,490
Issued for cash                                 1,997,333     1,997        747,003            5,454,905     5,455      14,500,797
Issued for services                             1,033,158     1,033        386,401              294,013       294       1,118,166
Obligation to issue common stock for
  services                                             --        --      1,169,207                   --        --         281,116
Stock options exercised for cash                   20,000        20         14,169              661,974       663         332,971
Stock options exercised for no
  consideration                                        --        --             --              590,475       590            (590)
Warrants exercised for cash                            --        --             --            2,685,437     2,685       1,506,335
Cashless exercise of warrants                   9,667,083     9,667         (9,667)                  --        --              --

ISSUED ON ACQUISITION OF SUBSIDIARIES             286,000       286        151,666            7,125,996     7,126      24,090,563

OBLIGATION TO ISSUE COMMON STOCK ON
ACQUISITION OF SUBSIDIARIES                            --        --       (151,952)                  --        --         151,952

ISSUANCE OF COMMON STOCK FOR
ACQUISITION OF INVESTMENT                       2,000,000     2,000      1,060,600                   --        --              --

SHARES TO BE ISSUED FOR ACQUISITION OF
INVESTMENT  [NOTE 4(C)]                                --        --     (1,062,600)                  --        --       1,062,600

SHARES ISSUED TO REPLACE PROMISSORY NOTE        4,600,000     4,600      1,995,400                   --        --              --

SHARE ISSUE COSTS                                      --        --       (189,000)                  --        --      (1,332,129)
                                               ----------   -------     ----------           ----------    ------      ----------
Balance at end of period                       61,456,562   61,456      67,646,498           41,852,988    41,853      63,535,271
                                               ----------   -------     ----------           ----------    ------      ----------
Balance after March 30, 2001 1 for 10
share consolidation (a)                         6,145,656    61,456     67,646,498
                                               ==========    ======     ==========
</TABLE>




                                       9
<PAGE>   10



a)   On March 30, 2001 the Company completed a 1 for 10 share consolidation.
     This consolidation reduced the outstanding shares to 10% of their previous
     number.

b)   As at March 31, 2001 there was an obligation to issue shares in payment for
     directors fees and fees to certain shareholders for services provided, for
     a cumulative amount of $280,000 (Dec. 31, 2000 - $220,000) and $137,505
     (Dec. 31, 2000 - $138,616) respectively. In addition, there was an
     obligation to issue shares for a cumulative amount of $93,239 (Dec. 31,
     2000 - $42,500) to employees in fulfillment of employment contracts and
     $1,050,000 in executive compensation. All of these obligations have been
     recorded as Additional Paid in Capital. The shares will be issued in 2001.

OPTIONS

The Company is authorized to grant employees options to purchase up to an
aggregate of common stock not in excess of 20% of the common stock issued and
outstanding at prices based on the market price of the shares as determined on
the date of grant.


<TABLE>
<CAPTION>

                                                                               WEIGHTED AVERAGE
                                          NUMBER OF OPTIONS  PRICE PER SHARE    EXERCISE PRICE
                                                                      $                $
                                         ------------------  ---------------   ----------------
<S>                                             <C>             <C>                    <C>
OUTSTANDING AT DECEMBER 31, 2000                5,028,366       0.32 - 13.25            2.51
                                                ---------       ------------           -----
Granted                                         1,178,790       0.19 - 0.69             0.37
Exercised                                               0
Cancelled                                        (674,430)      0.22 - 13.25            3.05
                                                ---------       ------------           -----
OUTSTANDING AT MARCH 31, 2001 (PRIOR TO         5,532,726       0.15 - 13.25            1.99
ADJUSTMENT FOR SHARE CONSOLIDATION)

Adjusted for 1 for 10 share consolidation March 30
                                                ---------       -------------          -----
OUTSTANDING AT MARCH 31, 2001                     553,273       1.50 - 132.50          19.86
                                                =========       =============          =====
</TABLE>


The weighted average remaining contractual life and weighted average exercise
price of options outstanding and of options exercisable as of March 31, 2001
(post share consolidation) were as follows:

<TABLE>
<CAPTION>

                        OPTIONS OUTSTANDING                                OPTIONS EXERCISABLE
-------------------------------------------------------------------- --------------------------------
                                       WEIGHTED
                                       AVERAGE         WEIGHTED                         WEIGHTED
    RANGE OF          NUMBER OF       REMAINING         AVERAGE                          AVERAGE
 EXERCISE PRICES       OPTIONS       CONTRACTUAL    EXERCISE PRICE       SHARES      EXERCISE PRICE
                     OUTSTANDING     LIFE (YEARS)                     EXERCISABLE
        $                                                  $                                $
------------------ ---------------- --------------- ---------------- --------------- ----------------
<S>                    <C>               <C>             <C>            <C>               <C>
   1.90 - 5.00         208,264           3.20            4.05           171,785           4.05
  5.01 - 20.00         172,754           2.16            13.81          144,414           14.56
  20.01 - 50.00        110,692           3.05            29.10           38,830           26.65
  50.01 - 80.00        50,307            3.30            66.91           17,869           71.44
  80.01 - 132.5        11,256            2.95           104.12           11,256          104.12
                   ----------------                                  ---------------
                       553,273                                          384,154
</TABLE>


WARRANTS ISSUED

On February 5, 2001 holders of adjustable warrants undertook a cashless exercise
of warrants resulting in the issue of 4,585,248 shares (pre consolidation)

On March 29, 2001 holders of adjustable warrants undertook a cashless exercise
of warrants resulting in the issue of 5,081,835 shares (pre consolidation)


                                       10
<PAGE>   11

9.   RELATED PARTY TRANSACTIONS

Related party transactions have been recognized at their exchange amounts.
Amounts due to/from related parties consist of the following amounts:

<TABLE>
<CAPTION>
                                                               MARCH 31, 2001   DECEMBER 31, 2000
                                                                (UNAUDITED)             $
                                                                     $
                                                               ---------------  ------------------
<S>                                                                <C>               <C>
DUE FROM RELATED PARTIES
Oxford Capital Corp.                                                 25,661            57,866
Iconix Canada Inc.                                                  152,694           147,707
Bankton Financial Corp.                                                  --             9,048
e-Financial Depot Inc.                                              270,870           284,948
                                                                    -------           -------
                                                                    449,225           499,569
                                                                    -------           -------
DUE TO RELATED PARTIES
Net Communications LLC                                               45,000            45,000
e-Supplies.com                                                      138,483           131,405
Thorburn Capital Corp.                                               75,283                --
Madison Trust                                                         6,240                --
Officers and stockholders                                                --                --
Due to stockholders                                                      --                --
                                                                    -------           -------
                                                                    265,006           176,405
                                                                    =======           =======
</TABLE>


Oxford Capital Corp. is an entity whose shareholders are also shareholders of
the Company. The balance of $25,661 receivable at March 31, 2001 is for
administrative costs incurred by the Company on behalf of Oxford, which are
reimbursed to the Company on a periodic basis.

Revenues for the period ended March 31, 2001 include $81,486 in respect of
Iconix Canada Inc., an entity whose major shareholder is also a major
shareholder of the Company. As at March 31, 2001 a director of the Company is
also the sole director of Iconix

Bankton Financial Corp. is an entity whose shareholders are also shareholders of
the Company. The balance of $9,048 receivable at December 31, 2000 is for
salaries, rent and office expenses incurred by the Company on behalf of Bankton,
which are reimbursed to the Company on a periodic basis.

Net Communications LLC, an entity in which a director is also a director of the
Company, provided $45,000 of consulting services to the Company during the year
ended December 31, 2000.

General and administration expenses for the period ended March 31, 2001,
includes $1,281 paid to eSupplies.com, an entity of which certain directors are
also directors and officers of the Company.

General and administration for the period ended March 31, 2001 includes $60,000
of directors fees.

General and administrative expenses for the period ended March 31, 2001 include
$8,638 of consulting services provided by stockholders.

The Company entered into agreements to lease premises for various terms from a
stockholder who is also an officer and a director of the Company. The net rent
expense, included in general and administrative expenses, was $131,356 for the
period ended March 31, 2001.


                                       11
<PAGE>   12

10.  LOSS PER SHARE

Basic loss per common share is net loss for the period divided by the weighted
average number of common shares outstanding. The effect on loss per common share
of the exercise of options and warrants, and the conversion of the convertible
debentures is anti-dilutive.

The following table sets forth the computation of loss per common share:

<TABLE>
<CAPTION>

                                                     3 MTHS ENDED        3 MTHS ENDED
                                                       MARCH 31,           MARCH 31,
                                                         2001                 2000
                                                      (UNAUDITED)          (UNAUDITED)
                                                            $                   $
                                                      -----------         ------------
<S>                                                   <C>                 <C>
NET LOSS                                              (9,687,243)          (4,020,051)
                                                      -----------          -----------
BASIC AND DILUTED LOSS PER COMMON SHARE:
Weighted average number of common shares
  outstanding                                          6,145,656            2,877,489
                                                      ----------           ----------
NET LOSS PER COMMON SHARE - BASIC AND DILUTED
                                                           (1.58)               (1.40)
                                                      ==========           ===========
</TABLE>

11.  SEGMENTED INFORMATION

The Company's activities include professional security consulting services,
integration and installation of secure information systems, and remote data
storage and recovery services. The activities are conducted in one operating
segment and are carried out in two geographic segments as follows:

<TABLE>
<CAPTION>
                                                      3 MONTHS ENDED MARCH 31, 2001 (UNAUDITED)
                                                   -------------------------------------------------
                                                      CANADA            U.S.             TOTAL
                                                         $               $                 $
                                                   -------------- ----------------- ----------------
<S>                                                    <C>              <C>            <C>
LOSS INFORMATION

Revenue                                                1,967,735        231,267        2,199,002
Cost of sales                                          1,903,835        152,264        2,056,099
Expenses                                               5,747,122      1,762,956        7,510,078
                                                   -------------- ----------------- ----------------
                                                      (5,683,222)    (1,683,953)      (7,367,175)
Corporate overheads & investments                                                     (2,320,068)
                                                   -------------- ----------------- ----------------
Net loss                                                                              (9,687,243)
                                                   -------------- ----------------- ----------------

SELECTED BALANCE SHEET INFORMATION
Equipment and leasehold improvements                   3,208,941        388,623        3,597,564
Intangible assets                                      2,733,553        177,443        2,912,995
</TABLE>



                                       12
<PAGE>   13

<TABLE>
<CAPTION>
                                                      3 MONTHS ENDED MARCH 31, 2000 (UNAUDITED)
                                                   -------------------------------------------------
                                                      CANADA            U.S.             TOTAL
                                                         $               $                 $
                                                   -------------- ----------------- ----------------
<S>                                                    <C>             <C>            <C>
LOSS INFORMATION
Revenue                                                  473,251         73,434          546,685
Cost of sales                                            178,141              -          178,141
Expenses                                               2,434,284        311,372        2,745,656
                                                   -------------- ----------------- ----------------
                                                      (2,139,174)      (237,938)      (2,377,112)
Corporate overheads                                                                   (1,642,939)
                                                   -------------- ----------------- ----------------
Net loss                                                                              (4,020,051)
                                                   -------------- ----------------- ----------------
SELECTED BALANCE SHEET INFORMATION
Equipment and leasehold improvements                   1,247,342        181,864        1,429,206
Intangible assets                                     16,240,950        369,302       16,610,252
                                                   -------------- ----------------- ----------------
</TABLE>

12.  FINANCIAL INSTRUMENTS

Financial instruments comprising cash and cash equivalents, accounts receivable,
amounts due to and from related parties, long term investments, accounts payable
and accrued liabilities, capital lease obligations payable, secured loans and
loans from related parties approximate their fair value. It is management's
opinion that the Company is not exposed to significant currency risks arising
from these financial instruments.

13. COMPARATIVE FIGURES

Certain comparative figures have been reclassified to conform with the current
period's presentation.

14. CONTINGENCY

On August 10, 2000, Bristol Asset Management, LLC ("Bristol") filed a complaint
against the Company and its Chairman alleging, among other things, breach of
contract, fraud in the inducement, breach of fiduciary duty and unfair
competition and requesting, among other things, specific performance, statutory
penalties and injunctive relief and damages in excess of $10 million. The
complaint relates to a warrant issued by the Company to Bristol to purchase
1,000,000 shares of the Company's common stock, and Bristol's rights relating to
the exercise of the Warrant and the registration of shares underlying the
Warrant. The Company filed an answer to the complaint on October 3, 2000 denying
the allegations raised. The matter is currently proceeding in the normal course
with exchanges of documents and depositions. No adjustment has reflected in
these consolidated financial statements for this potential liability, as the
outcome of this litigation and possible resulting damages is not determinable at
this time.

15. SUBSEQUENT EVENTS
During the month of April, 2001 the Company sold and assigned certain specific
receivables for cash in three transactions. On April 16, 2001 the Company sold
accounts receivable valued at $440,000 for a cash amount of $400,000. On April
24, 2001 the Company sold accounts receivable valued at $284,053 for a cash
amount of $258,230. On April 27, 2001 the Company sold accounts receivable
valued at $214,007 for a cash amount of $194,552.



                                       13
<PAGE>   14




ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS.



     The purpose of this section is to discuss and analyze JAWZ' results of
operations. In addition, some analysis and information regarding JAWZ' financial
condition and liquidity and capital resources is provided. This analysis should
be read jointly with the financial statements, related notes, and the cautionary
statement regarding forward-looking statements, which appear elsewhere in this
filing.

                                    OVERVIEW


GENERAL

     JAWZ Inc. and its subsidiaries (collectively "JAWZ" or the "Company")
provide information security and secure e-business solutions (collectively
"e-security solutions"). The Company assists in removing the burden of
information risk management for its customers by providing products and services
that cover the entire e-security market (from assessment to implementation to
monitoring), via its three divisions: Security Products, Professional Security
Services and Managed Security Services. JAWZ develops, sells, installs and
supports its own and third party information security products. JAWZ products
are based on proprietary encryption technology.

INDUSTRY BACKGROUND

     E-security solutions historically have been deployed primarily to protect
corporate networks from erroneous and possibly malicious intrusion, and to
preserve the integrity of data as it passed over insecure networks. It was
typically the focus of businesses in security conscious or dependent industries
such as banking, telecommunications, aerospace and defense. However, today
e-security has become a fundamental requirement for conducting all forms of
business, including but not limited to commerce and communications conducted
through corporate intranets, extranets and other Internet based applications.
Many organizations, in a wide range of industries, are conducting e-business as
a means of reducing costs, competing more aggressively and more efficiently
meeting increased business demands for speed, accuracy and delivery of
information.

     With the rise in computer connectivity and the push to electronic commerce,
organizations are becoming increasingly more exposed to the outside world via
electronic means. Often these organizations lack the skills and time
requirements needed to protect and secure their information assets. Periodicals
and reference material such as Maximum Security, 2nd ed., have indicated that
servers are often set up by non-technical individuals who inadvertently create
numerous viable targets for hackers. As the number of servers supporting
websites increases on a daily basis the security risks increase as well.

     E-business requires e-security to create and ensure the same trust
relationships that currently exist on paper in the brick-and-mortar world, so
organizations can conduct e-business with the same confidence with which they
currently conduct traditional commerce. There are several essential requirements
for e-security: (a) user identification and authentication; (b) access control
and privilege management; (c) data privacy, integrity and authentication; and
(d) security administration and audit. JAWZ delivers products and services that
fulfill these essential requirements.

COMPANY STRUCTURE

     JAWZ was incorporated on January 27, 1997 under the laws of the State of
Nevada as "E-Biz" Solutions, Inc. On March 27, 1998, "E-Biz" Solutions, Inc.
changed its name to JAWS Technologies, Inc. and on September 29, 2000 JAWS
Technologies, Inc. changed its name to JAWZ Inc. Effective July 7, 2000, JAWZ
Inc. migrated its incorporation to the State of Delaware. As at September 30,
2000, the Company's international headquarters are located in Toronto, Ontario,
Canada. The Company also has offices in Calgary, Alberta and Ottawa, Ontario in
Canada. In the United States the Company has offices in Fairfield, New Jersey,
Chicago, Illinois. Until February 2001 JAWZ had additional North American
offices in Pasadena, California, Edmonton, Alberta and Vancouver, British
Columbia.

                                       14
<PAGE>   15



     The Company's wholly owned subsidiaries are:

     o    JAWZ Canada Inc., formerly JAWS Technologies, Inc., an Alberta
          corporation ("JAWZ Canada"). Effective July 1, 2000, JAWS Technologies
          (Ontario) Inc., Pace Systems Group Inc. ("Pace") and Offsite Data
          Services Ltd. ("Offsite") were amalgamated with JAWZ Canada. JAWZ
          Canada provides high-end information security, providing consulting
          services and software solutions to minimize the threats to clients'
          information and communications. At its offices in Calgary, Alberta,
          JAWZ developed proprietary encryption software using the L5 encryption
          algorithm to secure binary data in various forms, including
          streamlining or blocking data.

     o    JAWZ USA Inc. ("JAWZ USA"), formerly JAWS Technologies (Delaware),
          Inc., provides the same products and services as JAWZ Canada.

     o    JAWZ Illinois Inc., formerly Nucleus Consulting, Inc. ("Nucleus"). The
          Company intends to amalgamate JAWZ USA Inc. and JAWZ Illinois Inc.

     o    JAWZ Acquisition Corp. ("JAC") was established primarily for tax
          purposes and has been used solely for the acquisition of Offsite; and

     o    JAWZ Acquisition Canada Corp. ("JACC") was established for the purpose
          of completing certain acquisitions and tax purposes. JACC has four
          wholly owned subsidiaries, General Network Services (GNS) Inc.
          ("GNS"), Betach Advanced Solutions Inc., Betach Systems, Inc.
          (collectively the "Betach companies") and 4COMM.com Inc. ("4COMM").
          The Company intends to dissolve the Betach companies and 4COMM as the
          assets and operations of these companies have been incorporated into
          JAWZ Canada.

BUSINESS STRATEGY

     JAWZ' objective is to continue to be a leading provider of e-security
solutions with a focus on the financial services, health care,
telecommunications and government sectors. JAWZ has sought to achieve this
objective by consolidating the highly fragmented information security industry
and by achieving increasing economies of scale through the acquisition of
growing organizations and through the integration of such operating entities
through centralized administration and planning.

     The Company completed seven material acquisitions since November 1999. The
integration of these acquired businesses into the Company's information security
business has expanded the products and services that the Company offers to its
customers. Pace has been amalgamated into JAWZ Canada and forms part of the
Professional Security Services group. Secure Data has been incorporated into the
Professional Security Services group. Offsite has been amalgamated into JAWZ
Canada and forms part of the Managed Services group. Nucleus has been
amalgamated into JAWZ USA. Doctorvillage forms part of the Professional Security
Services group, in particular the HIPAA project. 4COMM has been integrated as
part of the Security Products group. GNS forms part of the Professional Security
Services and Managed Security Services groups. Betach forms part of the
Professional Security Services and Security Products groups. Through industry
and management expertise, JAWZ attempts to ensure that acquired companies'
receive the capital and corporate planning necessary to successfully compete in
their respective markets.

     There was significant growth in 2000 in the financial services sector.
There were successes with Cu Connect and several of the major banks in Canada by
delivering security assessments and reviews to system development and product
sales. The Cu Connect project is progressing on plan and system tests are soon
to be completed.

     Telecommunications includes key telecommunication company partners Verizon
Communications Inc. ("Verizon"), also a partner in financial services and health
care, Intermedia Communications Inc. ("Intermedia"), Telus Corporation ("Telus")
and GT Group Telecom Inc. ("Group Telecom"). The Company continues to win
business with its telecommunication partners from e-security to e-business
engagements.

     In health care, JAWZ has developed a comprehensive Health Insurance
Portability and Accountability Act ("HIPAA") compliance program and website.
HIPAA legislation requires health care provides to implement security and
privacy safeguards by 2003. The Company's HIPAA compliance program is generating
significant interest in the health care community. The U.S. and American College
of Physician Executives (ACPE) has selected JAWZ as their security partner of
choice.

     In the government sector, Industry Canada has chose the Company as their
only third party security manager of secure information technology. The Company
managed the security and Public Key Infrastructure ("PKI") for the spectrum
auctions of 2000 and 2001. The Company has also provided technical expertise to
facilitate the electronic signing of a joint statement


                                       15
<PAGE>   16

on Global Electronic Commerce and E-Government between Canada and the United
Kingdom to establish an agenda for bilateral and multilateral cooperation on
e-Commerce. The signatures of the Canadian ministers are routed through Industry
Canada's Certificate Authority, managed by the Company. The Company ensured that
the PKI keys and proper software were functional on both ends of the
international event. The Company is also working with various state governments
in the United States on various PKI and security projects.

     In an attempt to create and maintain a competitive advantage in the
information security industry, JAWZ strives to continually differentiate itself
from other industry players and works towards establishing strong brand loyalty
for its products and services through multiple channels of distribution. The
distribution strategy used by JAWZ addresses the requirements of small
organizations to large enterprises and matches the appropriate sales and
distribution channels to the software and services offered.

     The key elements of the Company's strategy to be a leading provider of
e-security include:

     o    Deliver e-Security Solutions. The Company believes e-security is
          driven by the proliferation of Internet based applications, whether
          for internal network security, for e-business applications deployed to
          customers, suppliers or employees, or for e-commerce Internet sites.
          Further, the Company believes that traditional, fear based security is
          being augmented and in many cases replaced by e-security as an
          enabling technology that opens up new markets and channels for
          communications and commerce. The Company intends to defend and grow
          its position in providing information security and secure e-business
          solutions.

     o    Expand Market Opportunities. The Company intends to expand its market
          opportunities through strategic alliances and partnerships and has
          expanded through a series of acquisitions. Strategic alliances such as
          Verizon and Telus, its government partners such as the Government of
          Canada and the U.S. and American College of Physician Executives in
          health care are examples of this. The Company plans to continue to
          foster and leverage these partnerships and enter into additional
          relationships with companies that can provide a strategic advantage.
          The Company has discontinued certain alliances and partnerships
          previously announced that were found not to be effective. The Company
          has also expanded market opportunities through a series of
          acquisitions which the Company believes will contribute to market
          expansion.

     o    Expand Indirect Sales and Support Channel. The Company currently sells
          its products and services through a direct sales force and through
          relationships with a significant number of OEM's and value-added
          resellers. The Company believes that an expanded indirect sales and
          support channel enables it to enter new markets and gain access to a
          larger installed base of potential customers in a cost effective
          manner.

     o    Maintain Technological Leadership. The Company plans to continue to
          add new capabilities and features to its e-security products and
          services to meet its customers evolving needs.

PRODUCTS AND SERVICES

     The Company's products and services include:

Professional Security Services:

     o    JAWZ offers its customers a comprehensive review and analysis of
          managerial, technical and operational controls in order to determine
          the availability, integrity, and confidentiality of electronic data.
          The analysis includes a review of security strategy and policies,
          attack threats and vulnerabilities, the structure of existing security
          components and an assessment of the customer's electronic data in
          order to determine what information warrants protection. It also
          includes a review of the technical and operational controls and an
          examination of any hosting security, networks, physical, external and
          Internet security such as: how the customer currently responds to
          security breaches, contingency plans for security breaches, personnel
          hiring practices, the customer's change control management,
          documentation of customer computer programming and the organization of
          internal responsibility for security. Once the customer's existing
          security has been assessed, JAWZ will then develop a security
          architecture (solution) designed to take into account the customer's
          business model, available technology and security industry practices.

     o    JAWZ offers customers an assessment of data vulnerabilities to theft
          from third party internet attacks by attempting to gain access to the
          customer's electronic data from a location external to the customer.

     o    JAWZ offers customers a review and assessment of the security of the
          customer's computer operating system and how it protects the
          customer's computer network.


                                       16
<PAGE>   17

     o    JAWZ assists customers by providing covert attempts, with managements'
          consent, to obtain crucial information as a test of internal controls
          in order to better attack and penetrate a system.

     o    JAWZ offers customers a service pursuant to which JAWZ assesses,
          selects and implements a firewall, which is a computer program that
          prevents unauthorized entry into the whole of, or parts of the
          customer's computer network. If the customer has an existing firewall,
          JAWZ will assess its effectiveness and make recommendations for it's
          improvement. If a customer's network does not contain a firewall,
          requirements will be determined and JAWZ will recommend a third party
          manufactured firewall, install the firewall and monitor the system.

     o    In the event of a customer's security breach, JAWZ offers customers
          access to a team of professional services staff to undertake emergency
          repairs to the customer's system and security.

     o    JAWZ also offers customers assistance with development and/or an
          assessment of existing business continuity/disaster recovery plans and
          the development of improvements.

Managed Services:

     JAWZ administers information security systems for customers who do not have
the necessary staff, experience or inclination to implement or administer the
day to day security operations of their system. These services include firewall
management where JAWZ provides the day to day monitoring of the customer's
firewalls and any vulnerabilities such as mailing lists and permitted users, as
well as the maintenance of customer access requirements, Secure Network Storage
("SNS") and PKI system monitoring. SNS is an internet based data backup and
recovery solution. Security monitoring services also provide customers with
information on potential threats and the vulnerabilities of electronic data.

Application Development:

     Where security is a customer's primary concern, JAWZ will develop and
implement a secure Internet based application and computer network. An example
being internet based applications using PKI techniques. PKI refers to the
electronic authentication of individual users of the Internet. PKI enabled
Internet based applications permit the verification of Internet users and is
critical in financial transactions and other business transactions occurring
over the Internet.

     JAWZ has developed its services around the premise of providing full
information security solutions. This means providing services and strong product
offerings to maintain the best possible solution for each client. JAWZ
information security services are offered to government agencies, military
agencies, small corporations, large corporations, financial institutions and
industrial clientele.

     Once JAWZ collects the data during an assessment and fully analyzes the
potential security risks revealed, a client-specific proposal for information
systems security can be developed and presented to the client. At the option of
the client, JAWZ can then integrate the appropriate software and products into a
complete solution that meets the client's information security needs. The
proposal generally includes a cost analysis to ensure the client understands the
true cost of security in relationship to its risk and the value of the
information being protected. JAWZ also provides training for the clients' staff
to ensure that its employees are able to adopt the technology, policies and
procedures provided by the information security solution.

     As a client's business changes, information technology modifications are
inevitable. With these modifications, potential security risks are created. JAWZ
offers clients the option of re-assessing their information systems as needed or
to have regularly scheduled re-assessments in order to maintain adequate
information systems security.

     The provision of these services is product neutral and may therefore offer
both JAWZ' own suite of products, competitor's products or a combination of both
to meet a client's specific needs. The goal of JAWZ is to provide the best
possible solution. It is anticipated that competitor's products and services
will be provided by JAWZ through standard licensing/reseller contracts with
other security product vendors (e.g. Network Associates).

Products:

     JAWZ develops, sells, installs and supports both its own and third party
information security products. JAWZ products are encryption based. The most
recently released JAWZ product is the JAWZ DataGator. DataGator is a software
product which automatically encrypts all data on Palm(TM) OS handheld devices.
DataGator, a successor product to JAWZ Memo. JAWZ Memo was released in December
1998 and the second modified version was released in June 1999.


                                       17
<PAGE>   18

     Third party manufacturers of information security products whose products
JAWZ resells include: ActivCard, Aladdin, Axent, Blue Lance, Borderware, Check
Point, Cisco Systems, Content Technologies, DataKey, Entrust, F-Secure Inc.,
Funk Software, Harris Corporation - STAT, Internet Security Systems, LogiKeep,
Master Design & Development, McAfee, Network Flight Recorder (NFR), Network
Associates (NAI), Network ICE, PGP Security, Proginet, Rainbow Technologies,
Securant, Secure Computing, RSA Security, Security Tools for NT, Sniffer
Technologies, Tech Assist - Tools that Work, Tripwire, Viasec, and WebTrends.

Support:

     Client support services are currently available to JAWZ clients through a
1-800 help desk, onsite (as demand grows, it is intended that technicians will
be available through regional JAWZ offices), frequently asked questions
documents on the JAWZ website, e-mail support and online help built into JAWZ
products.

EMPLOYEES

     As of March 30, 2001, JAWS employed approximately 180 full time staff.
During 2000, the number of employees grew from 58 at the beginning of the year
to 275 by year end. However, in an effort to reduce costs, the Company
implemented a work force reduction in January 2001, eliminated 31 full time
positions from across the Company. A second work force reduction was implemented
in February 2001, eliminating an additional 64 full time positions from all
areas of the Company, including the closure of the California, British Columbia
and Edmonton, Alberta offices. None of JAWZ employees are represented by any
type of labor organization and JAWZ is not aware of any activity by employees
seeking organization. JAWZ considers its relationships with it employees to be
satisfactory. JAWZ has, in its early stages, developed strong human resources
practices with the belief that the growth of JAWZ is heavily reliant on its
human resources.



RESULTS OF OPERATIONS

     The consolidated financial statements include the accounts of the Company,
its wholly owned subsidiaries, after elimination of intercompany accounts and
transactions. All amounts are expressed in United States dollars.

     REVENUE. Revenues include the sale of proprietary and third party security
products, professional security consulting services, integration and
installation of secure information systems, remote data storage and recovery
systems. These different segments have been segregated into consulting revenue,
product revenue and other income.

     Total revenues for the period ended March 31, 2001 increased 302% to
$2,199,002 from $546,685 for the same period in 2000. The significant increase
in 2000 revenues is primarily attributable to the integration and subsequent
growth associated with acquisitions made in the year 2000. This revenue base was
spread evenly among many customers with no single customer accounting for more
than 10% of JAWZ revenue for the quarter.

     Consulting revenue for the period ended March 31, 2001 increased 368% to
$1,381,058 from $295,044 for the same period in 2000. Product revenue for the
period ended March 31, 2001 increased 209% to $778,628 from $251,6414 for the
same period in 2000. Other income (excluding interest income) for the period
ended March 31, 2001 increased to $39,317 from $0 for the same period in 2000.

     The Company's geographical sales are divided between Canada and the United
States. For the period ended March 31, 2001, 89% of revenues or $1,967,735 was
generated in Canada and 11% or $231,267 in the United States. For the same
period in 2000, 89% of revenues or $473,251 was generated in Canada and 11% or
$73,434 in the United States. All of the Company's revenues to date have been
generated in either Canada or the United States.

     COST OF SALES. Cost of sales were 93% of total revenues in for the period
ended March 31, 2001 versus 33% for the same period in 2000. The increase in
cost of sales is the result of charges to cost of sales for unrecoverable work
in process and due to the absence of high margin fixed fee business as more
customers choose a time and materials billing. The increase in the the cost of
sales line also reflects increased revenues and the direct and identifiable
costs associated with generating these revenues. The Company has implemented new
recording mechanisms to better track cost of sales and gross profits.

     Advertising and Promotion. Advertising and promotion expenses consist
primarily related to a branding initiative, company name change, marketing and
print media and collateral sales materials. Advertising and promotion expenses
for the period ended March 31, 2001 decreased 59% to $194,976 from $475,166 for
the same period in 2000. The Company has recently significantly reduced
advertising and promotion expenses as part of a general effort to reduce costs.


                                       18
<PAGE>   19

     Bad Debts. The Company recorded a bad debt provision of $143,759 for the
period ended March 31, 2001 versus a $0 provision for the same period in 2000.
Of the bad debt provision roughly a 33% relates to 100% reserve on amounts owed
to JAWZ by Iconix and another 33% relates to a 50% provision for two disputed or
significantly aged amounts owing to JAWZ from EFA Software and Arcamatrix. The
Company has implemented a new credit policy, which should improve cash flow and
continue to reduce this provision to more acceptable levels on a go forward
basis.

     Selling, General and Administration. Selling, general and administration
expenses consist primarily of compensation of sales, marketing and
administrative personnel, preparation of sales and marketing documents,
corporate overhead, directors fees, consulting services, management fees and
facilities expenses. Selling, general and administrative expenses increased 107%
to $6,449,862 for the period ended March 31, 2001 from $3,117,661 for the same
period ended in 2000. The significant increase in 2000 was primarily due to the
growth of operations (as compared to the same period in 2000) and $1,050,000 non
cash expense as the required accounting treatment with respect to share issuance
for exectuive non cash compensation. The Company has recently taken steps to
significantly reduce selling, general and administration expenses through
general cost reductions and two reductions in workforce (total reduction in
headcount of 95 people or approximately one third of its workforce).

     Depreciation. Depreciation expense increased by 353% to $279,939 for the
period ended March 31, 2001 from $61,825 for the same period ended in 2000. This
increase was primarily due to the increase in fixed assets consistent with the
expansion of operations (more offices and equipment).

     Amortization. Amortization expense decreased significantly by 65% to
$351,770 for the period ended March 31, 2001 from $1,001,440 for the same period
ended in 2000. The decreased amortization expense relates to the reduced
carrying value and subseqeunt amortization as a result of the one time write off
of goodwill associated with the acquisitions undertaken by the Company in 2000
and employee and consultants base associated with these acquisitions, that was
done in 2000 due to an assessment of permanent impairment.

     Interest Income. Interest income accounted for $0 for the three months
ended March 31, 2001 versus $105,297 for the same period in 2000. For the period
ended March 31, 2000 the company had large cash balances from financing
activities that it invested to zero risk interest securities. For the same
period in 2001, the company was not in the same cash situation to allow it
generate interest income.

     Interest Expense. Interest expense, which includes financing fees and
amortization of deferred financing fees/debt discount, increased for the period
ended March 31, 2001 by 833% to $124,734 versus $13,365 for the same period in
2000. The increase was due almost entirely to the fees associated with the funds
raised in the three months ended March 31st, under what was originally a
promissary note agreement that was subsequently converted into a secured loan
agreement for additional consideration.

     Foreign Exchange. The Company incurred a foreign exchange gain for the
period ended March 31, 2001 of $985,933 as compared to foreign exchange loss of
$171,199 for the same period in 2000. Transactions denominated in foreign
currencies are translated at the exchange rate on the transaction date. Foreign
currency denominated monetary assets and liabilities are converted at exchange
rates in effect at the balance sheet date.

     Loss on Impairment of Investment. The Company recorded a $987,289 for the
period ended March 31, 2001 relating to an investment in eFinancial Depot.com
and Iconix. On December 12, 2000, the Company received 2,384,000 shares of
common stock of eFinancial in settlement of work performed by the Company in the
amount of $2,112,946. eFinancial is a publicly traded company. An advisor to
eFinancial is also a director and officer of JAWZ. At December 31, 2000, and
again on March 31, 2001 the investment was assessed as permanently impaired
given the eFinancial stock price and a write down was taken to value the
investment at estimated fair market value. In 2000, JAWZ exercised an option to
purchase a 20% interest in Iconix for 2,000,000 shares of JAWZ common stock. The
sole director of Iconix is also an officer and director of JAWZ. Iconix has
subsequently closed down operations and laid off all employees. JAWZ executive
believes that there is still substantial value in the Iconix proprietary
software ("UserNet"). An advisor to eFinancial is also a director and officer of
JAWZ. At March 31, 2001 the investment was assessed as permanently impaired
given the events described above and a write down was taken to value the
investment at estimated fair market value.



                                       19
<PAGE>   20


LIQUIDITY AND CAPITAL RESOURCES

     For the period ended March 31, 2001, net cash used in operations was
$4,053,802 as compared with $3,401,889 for the same period in 2000.

     For the period ended March 31, 2001, cash used in investing activities was
$382,504, relating to the purchase of equipment and leasehold improvements. For
the same period in 2000, cash used in investing activities was $249,435
primarily related to the purchase of equipment and leasehold improvements, which
was partially offset by cash acquired on purchase of subsidiaries.

     For the period ended March 31, 2001, cash provided by financing activities
was $4,179,174, of which $714,189 (net of issue costs) was generated from the
issuance of common stock from private placements and the balance from issuance
of $3,099,985 from a secured loan agreement and $365,000 in loans from related
parties. For the same period in 2000, $3,684,229 cash was provided by financing
activities, completely from the issuance of common stock.

     At March 31, 2001, cash and cash equivalents were $78,769, a decrease from
$8,463,606 at March 31, 2000. This decrease is as a result of the cash losses
that have been incurred.

     Accounts payable and accrued liabilities have decreased 8% to $4,619,034 as
at March 31, 2000 as compared to $5,033,400 as at March 30, 2000. This decrease
is the result of the cost saving measeures that have in put in place and is
somewhat offset by JAWZ extending credit terms with vendors.

     In January 2001, the Company closed a private placement with CALP II
Limited Partnership for the sale of 1.6 million common shares at a purchase
price of $1.25per share in consideration of the cancellation of $2.0 million
worth of promissory notes, less a financing fee.

     In January 2001, the Company concluded a private placement with Bathurst
Ltd. for the sale of 1,997,333 common shares at a purchase price of $0.375 for a
total purchase price of $749,000. Through one its acquisitions, the Company
acquired a line of credit outside of trade accounts which has been retired. The
Company has not established any lines of credit outside of trade accounts and
will not be in a position to negotiate any lines of credit until sales contracts
have been validated and matured. The Company is continuing to attempt to raise
additional funds through debt or other arrangements but has not secured any
further obligations at this time. This line of credit facility has been
terminated as of January, 2001.

     Since December 13, 2000, JAWZ has borrowed $4,195,000 USD from Thomson
Kernaghan & Co. Limited ("TK") and has issued promissory notes as follows:

         DATE                                                AMOUNT
         ----                                              --------
         December 13, 2000                                  $1,000,000
         January 26, 2001                                   $1,000,000
         February 14, 2001                                  $  400,000
         February 27, 2001                                  $  945,000
         March 15, 2001                                     $  850,000

     It is a term of the March 15, 2001 promissory note that JAWZ and TK enter
into a secured loan agreement providing security for the total amount borrowed.
On March 29, 2001, JAWZ and TK executed a loan agreement and security agreement
charging all of the property and assets of JAWZ. Under the terms of the loan
agreement JAWZ can borrow up to $7.5 million dollars plus placement fees. To
date, JAWZ has given consideration for $185,000 in placement fees.

     On March 29, 2001, JAWZ and CALP II Limited Partnership entered into a
letter agreement (the "Letter Agreement") to further amend the Securities
Purchase Agreement and Registration Rights Agreement between JAWZ and CALP II
dated August 21, 2000, as amended on January 23, 2000 (the "Agreement"). The
Letter Agreement amends the Agreement by amending adjustable warrant AW-3B and
by amending the amended registration rights agreement. Adjustable warrant AW-3B
is amended by terminating the existing vesting provisions and replacing them
with monthly vesting from November 1, 2000 and October 31, 2001. In accordance
with the new vesting terms, CALP has given Notice to Purchase Warrant Shares and
JAWZ has issued 5,081,835 common shares. The Letter Agreement also amends the
registration rights agreement by deleting the requirement of effective
registration of common shares by March 30, 2001 and by eliminating any penalties
for late registration. The Letter Agreement provides for a new date of June 30,
2001 for effective registration of shares due under the Agreement.

     During the month of April the Company sold and assigned certain specific
receivables for cash in three transactions. On April 16, 2001 the company sold
accounts receivable valued at $440,000 for a cash amount of $400,000. On April
24, 2001



                                       20
<PAGE>   21


the Company sold accounts receivable valued at $284,053 for a cash amount of
$258,230. On April 27, 2001 the Company sold accounts receivable valued at
$214,007 for a cash amount of $194,552.

     The Company has experienced net losses over the past three years and as of
March 31, 2001 had an accumulated deficit of $65,974,464 and working capital
deficiency of $7,634,243. These losses are attributable to both cash losses and
losses resulting from costs incurred in the development of services and
infrastructure together with non-cash interest and amortization charges. The
Company expects operating losses to continue for the short term but has recently
taken initiatives to reduce expenses and operate on a cash positive basis. There
can be no assurances that the Company will be successful in stemming its losses.
The Company does not believe that its existing cash and cash equivalents,
available credit and anticipated cash generated from operations will be
sufficient to satisfy its currently anticipated cash needs for at least the next
twelve months. Management intends to seek additional financing through private
or public offerings of stock or other instruments such as debt as required.
Management is concurrently aggressively pursuing a plan to generate positive
cash flow from operations that includes, but is not limited to, eliminating
unprofitable business lines, reducing overhead costs, closing unprofitable
office locations, flattening its organizational structure and downsizing its
work force to better match short term revenue opportunities and industry
standards. However, there can be no assurances that the Company will be able to
generate positive cash flow, control costs effectively, generate sufficient
revenues, raise additional capital to cover cash requirements or establish
strategic relationships given present market conditions and business
environment. The Company's auditors, Ernst & Young, have noted in their
Auditor's report that the Company's recurring losses from operations, working
capital deficiency and accumulated deficit raise substantial doubt about its
ability to continue as a going concern. However, the financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

     While the Company believes that inflation has not had a material effect on
its results of operations, the can be no assurance that inflation will not have
a material effect on the Company's results of operations in the future.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

     The Company has determined its market risk exposures, which arise primarily
from exposures to fluctuation in interest rates and exchange rates, and in
particular the Canadian to US dollar exchange rate, are not material to its
future earnings, fair value, and cash flows.

     The Company does not use derivative financial instruments to manage risks
or for speculative or trading purposes.

     At March 31, 2001, the company had $3,545,924 in investments. The Company
is exposed to changes in stock prices as a result of its holdings in publicly
traded securities. Changes in stock prices can be expected to vary as a result
of general market conditions, technological changes, specific industry changes
and other factors. The company has classifies these investments as held to
maturity and consequently has recorded these investments at cost. In the period
ended 20001, the company recognized a loss of $987,289 due to a permanent
impairment of value with respect to two of its investments. Only upon conclusion
of permanent impairment or a sale, would these investments impact results as a
gain or loss on sale of investments.








                                       21

<PAGE>   22


                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

     On August 10, 2000, Bristol Asset Management, LLC ("Bristol") filed a
complaint in the Superior Court of the State of California (Case No. SC062765)
against JAWZ and its Chairman alleging, amongst other things, breach of
contract, fraud in the inducement, breach of fiduciary duty and unfair
competition and requesting, amongst other things, specific performance,
statutory penalties and injunctive relief and damages in excess of $10 million
(the "Complaint"). The Complaint relates to a warrant (the "Warrant") issued by
JAWZ to Bristol to purchase 1 million shares of JAWZ common stock and Bristol's
rights relating to the exercise of the Warrant and the registration of shares
underlying the Warrant. JAWZ filed an Answer to the Complaint on October 3, 2000
denying the allegations raised. The matter is currently proceeding in the normal
course with exchanges of documents and depositions. The Chairman is indemnified
against certain actions in his capacity as an officer and director of the
Company in accordance with the Company's bylaws and general Delaware corporate
law. The Company recently received an Offer to Compromise which it is
considering.

ITEM 2. CHANGES IN SECURITIES.

     All transactions discussed below are subject to the effect of a 1 for 10
reverse split as of March 30, 2001. Transactions reported before this date are
reported pre-reverse split. Transactions reported after March 30, 2001 are
reported post-reverse split.

     On January 5, 2001, the Company issued 286,000 common shares of the capital
stock of the Company to Charles A. Ehredt ("Ehredt") in accordance with an
agreement effective December 26, 2000 to amend the Stock Purchase Agreement
dated April 20, 2000 between the Company and Ehredt.

     On January 25, 2001, the Company issued 1,997,333 common shares of the
capital stock of the Company to Bathurst Limited in accordance with the
subscription agreement signed by the Company and Bathurst dated January 17, 2001
whereby Bathurst subscribed for and agreed to purchase the shares in accordance
with Regulation D, at a price equal to $0.375 per share for a total purchase
cost of $749,000.00.

     On January 25, 2001, the Company issued 1,033,158 common shares of the
capital stock of the Company to Cambourne Invest Inc., in accordance with the
subscription agreement signed by the Company and Cambourne dated January 17,
2001 whereby Cambourne subscribed for and agreed to purchase the shares in
accordance with Regulation D, at a price equal to $0.375 per share for a total
purchase cost of $387,434.

     On February 5, 2001, the Company issued 2,292,624 common shares of the
capital stock of the Company to each of Strong River Investments, Inc., and Bay
Harbor Investments, Inc., at a price of $0.01 per warrant share, in accordance
with the second vesting provisions of the adjustable warrants issued by the
Company on June 22, 2000 to each of Strong River and Bay Harbor.

     On January 23, 2000, the Company and CALP II entered into the Securities
Purchase Agreement Amendment No. 1. (the "Amendment"), to, amongst other things,
amend and restructure the transactions under the Agreement and certain other
transactions between the parties. Pursuant to the Amendment, (i) the parties
mutually negotiated and agreed to a post-closing adjustment and reduction of the
purchase price to $1.25 per share, which has resulted in the issuance of an
additional 3,000,000 shares of Common Stock, (ii) the Closing Warrant and the
Adjustable Warrant were cancelled and exchanged for (a) new closing warrants to
purchase a like number of shares as under the Closing Warrant (233,000 of which
are now exercisable at a purchase price of $2.00 per share and 67,000 of which
are now exercisable at a purchase price of $3.00 per share) and (b) a new
adjustable warrant which provides for a volume weighted average formula for the
determination of the number of warrants purchasable thereunder and the earlier
termination of the adjustable warrant, (iii) the Registration Rights Agreement
was amended to provide for additional periods to register the additional
securities issued under the Amendment, and (iv) CALP acquired 1,600,000 shares
of Common Stock in a private placement in consideration for the forgiveness of
indebtedness owed by JAWZ in the aggregate amount of $2,000,000.

     On March 29, 2001, JAWZ and CALP entered into a letter agreement (the
"Letter Agreement") to further amend the Agreement and the Amendment. The Letter
Agreement amends the Agreement and the Amendment by amending adjustable warrant
AW-3B and by amending the amended registration rights agreement. Adjustable
warrant AW-3B is amended by terminating the existing vesting provisions and
replacing them with monthly vesting from November 1, 2000 and October 31, 2001.
In accordance with the new vesting terms, CALP gave Notice to Purchase
Warrant Shares and JAWZ issued 5,081,835 common shares on March 29, 2001.

     On April 19, 2001, the Company issued 250,000 common shares in the capital
stock of the Company to Thomson & Kernaghan Co. Limited ("TK"), at a price of
$1.00 per share, in accordance with a Stock Purchase Agreement dated March 31,
2001. The Company had previously issued promissory notes as evidence of debt to
TK on March 15, 2001 and this stock purchase has the effect of converting
$250,000 of the debt to equity.

     On April 19, 2001, the Company issued 250,000 common shares in the capital
stock of the Company to CALP II Limited Partnership ("CALP"), at a price of
$1.00 per share, in accordance with a Stock Purchase Agreement dated March 31,
2001. The Company had previously issued promissory notes as evidence of debt to
on March 15, 2001 and this stock purchase has the effect of converting $250,000
of the debt to equity.

     On April 27, 2001, the Company issued 420,000 common shares in the capital
stock of the Company to Philip Johnston in accordance with the terms of a
consulting agreement dated April 25, 2001 between the Company and Philip
Johnston.

     On May 1, 2001, the Company issued 300,000 common shares in the capital
stock of the Company to Robert J. Kubbernus in accordance with the terms of a
consulting agreement dated January 1, 2001 between the Company and Robert J.
Kubbernus. These shares were issued in lieu of cash payments totalling
$150,000.

     On May 1, 2001, the Company issued 200,000 common shares in the capital
stock of the Company to Riaz Mamdani in accordance with the terms of a
consulting agreement dated January 1, 2001 between the Company and Riaz Mamdani.
These shares were issued in lieu of cash payments totalling $100,000.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

     On March 16, 2001, JAWZ stock holders were asked to consider and vote upon
one proposal to approve eight separate amendments to the Certificate of
Incorporation of the Company to enable the Company to effect one or more reverse
stock splits, ranging from a one-for-three reverse stock split to a one-for-ten
reverse stock split of all the issued and outstanding shares of the Company's
common stock, par value $0.001 per share, in order to maintain the listing of
our common stock on the NASDAQ National Market. On March 16, 2001, all matters
were approved by the stockholders including giving the Board of Directors the
discretion to abandon any one or more of the amendments or make one or more of
the amendments effective by filing such amendment with the Secretary of State of
the State of Delaware at such time or times as the Board of Directors of the
Company determined to be necessary in order to maintain the listing of JAWZ
common stock on the NASDAQ National Market.

     On March 28, 2001, the company filed a Certificate of Amendment to effect a
one for ten reverse stock split. If, after the filing of this amendment with the
Secretary of State of the State of Delaware, the Company is again unsuccessful
in complying with NASDAQ National Market Board listing requirements, it may file
one or more of the other amendments as necessary to comply with the NASDAQ
National Market Board listing requirements within the eight months following the
approval of these amendment.

ITEM 6. EXHIBIT AND REPORTS ON FORM 8-K

(a)      Exhibits

3.1(1)    Articles of Incorporation of "e-biz" solutions, inc. (now JAWZ Inc., a
          Nevada corporation), dated January 27, 1997.

3.2(2)    Certificate of Amendment of Articles of Incorporation of JAWS
          Technologies, Inc., a Nevada corporation (now JAWZ Inc., a Nevada
          corporation), dated March 30, 1998, changing the name of E-Biz to JAWS
          Technologies, Inc.

3.3(3)    Certificate of Amendment of Articles of Incorporation of JAWS
          Technologies, Inc., a Nevada corporation, increasing the total number
          of common stock which JAWS is allowed to issue from 20,000,000 to
          95,000,000.


                                       22
<PAGE>   23

3.4(4)    Bylaws of "e-biz" solutions, inc. (now JAWZ Inc., a Delaware
          corporation), dated January 27, 1997.

3.5(5)    Certificate of Incorporation of JAWS Technologies, Inc., a Delaware
          corporation, dated April 28, 2000.

3.6(6)    Certificate of Amendment to Certificate of Incorporation of JAWS
          Technologies, Inc., a Delaware corporation, dated September 29, 2000,
          changing the name of JAWS Technologies, Inc. to JAWZ Inc.

4.1(7)    Investment Agreement by and between JAWS Technologies, Inc., a Nevada
          corporation, and Bristol Asset Management LLC dated August 27, 1998
          and letter of termination.

4.2(8)    Debenture Acquisition Agreement by and between JAWS Technologies,
          Inc., a Nevada corporation, and Thomson Kernaghan & Co. Limited, dated
          September 25, 1998.

4.3(9)    Amendment No. 1 to Debenture Purchase Agreement by and between JAWS
          Technologies, Inc. and Thomson Kernaghan & Co. Limited, dated April
          27, 1999. 4.4(10) Warrant to purchase 1,000,000 shares of common stock
          of JAWS Technologies, Inc., a Nevada corporation, issued to Bristol
          Asset Management LLC, dated April 20, 1999.

4.5(11)   Form of Warrant to purchase 834,000 shares of common stock of JAWS
          Technologies, Inc., a Nevada corporation, issued to Glentel Inc.,
          dated June 21, 1999.

4.6(12)   Schedule of Warrant holders which received the Form of Warrant set
          forth in 4.5 above.

4.7(13)   Form of Warrant issued by JAWZ in connection with the Private
          Placement Transaction.

4.8(14)   Schedule of Warrant holders which received the Form of Warrant set
          forth in 4.9 above.

4.9(15)   Warrant to purchase 217,642 shares of common stock of JAWS
          Technologies, Inc., a Nevada corporation, issued to Thomson Kernaghan
          & Co. Limited, dated December 31, 1999.

4.10(16)  Certificate of the Designation, Voting Power, Preference and Relative,
          Participating, optional and other Special Rights and Qualifications,
          Limitations or Restrictions of the Special Series & Preferred Voting
          Stock of JAWS Technologies, Inc., dated November 30, 1999. 4.11(17)
          Incentive and Non-Qualified Stock Option Plan of JAWS Technologies,
          Inc., a Nevada corporation.

4.12(18)  Placement Agency Agreement by and between JAWS Technologies, Inc., a
          Nevada corporation, and Thomson Kernaghan & Co. Limited, dated
          December 31, 1999.

4.13(19)  Placement Agency Agreement by and between JAWS Technologies, Inc., a
          Nevada corporation, and Thomson Kernaghan & Co. Limited, dated
          February 15, 2000.

4.14(20)  Placement Agency Agreement by and between JAWS Technologies, Inc., a
          Nevada corporation, and SmallCaps Online LLC, dated February 15, 2000.

4.15(21)  Form of Subscription Agreement to purchase 235,295 Units of JAWS
          Technologies, Inc., a Nevada corporation, by and between JAWS
          Technologies, Inc., a Nevada corporation, and BPI Canadian Small
          Companies Fund, dated December 20, 1999.

4.16(22)  Schedule of Subscribers that purchased subscriptions pursuant to the
          Form of Subscription Agreement set forth above in 10.14.

10.1(23)  Securities Purchase Agreement, dated as of June 22, 2000, among JAWS
          Technologies, Inc. and investors signatory thereto.

10.2(24)  Registration Rights Agreement, made and entered into as of June 22,
          2000, among JAWS Technologies, Inc. and the investors signatory
          thereto.

10.3(25)  Share Purchase Agreement, dated August 15, 2000, among JAWS
          Technologies, Inc., JAWS Acquisition Canada Corp., 4Comm.com, Inc.,
          and other signatories thereto.


                                       23
<PAGE>   24

10.4(26)  Share Purchase Agreement, dated August 15, 2000, among JAWS
          Technologies, Inc., JAWS Acquisition Canada Corp., General Network
          Services - GNS Inc., and other signatories thereto.

10.5(27)  Registration Right Agreement, dated August 15, 2000, between JAWS
          Technologies, Inc. and the Vendors signatories thereto.

10.6(28)  Support Agreement, dated August 1, 2000 between JAWS Technologies,
          Inc. and JAWS Acquisition Canada Corp.

10.7(29)  Voting and Exchange Trust Agreement, dated August 1, 2000, among JAWS
          Technologies, inc. and JAWS Acquisition Canada Corp. and Montreal
          Trust Company of Canada.

10.8(30)  Share Purchase Agreement, dated August 22, 2000, among JAWS
          Technologies, Inc., JAWS Acquisition Canada Corp., the shareholders of
          Betach Systems Inc., and the shareholders of Betach Advanced Solutions
          Inc.

10.9(31)  Form of Warrant Certificate made by JAWS Technologies, Inc. in favor
          of the shareholders of Betach Systems Inc. and the shareholders of
          Betach Advanced Solutions Inc.

10.10(32) List of warrant holders with respect to whom JAWZ issued warrants
          pursuant to the Form of Warrant Certificate set forth in Exhibit 4.1:
          Randy Walinga, Stephanie Muzyka, Lawrence Gordey and Soon Chong.

10.11(33) Second Amendment to Stock Purchase Agreement, dated as of December 26,
          2000, among JAWZ Inc., a Delaware corporation, (formerly Jaws
          Technologies, Inc., a Nevada corporation) and Charles A. Ehredt.

10.12(34) Securities Purchase Agreement Amendment No. 1, dated January 23, 2001
          to be effective as of November 1, 2000, by and between JAWZ Inc., a
          Delaware corporation (formerly JAWS Technologies, Inc.) and CALP II
          Limited Partnership.

10.13(35) Registration Rights Amendment No. 1., dated January 23, 2001 to be
          effective as of November 1, 2000, by and between JAWZ Inc., a Delaware
          corporation (formerly JAWS Technologies, Inc.) and CALP II Limited
          Partnership.

10.14(36) Warrant No. CW-3B1, a warrant for 233,000 shares of common stock,
          issued by JAWS Technologies Inc., a Delaware corporation on November
          1, 2000, to CALP II Limited Partnership.

10.15(37) Warrant No. CW-3B2, a warrant for 67,000 shares of common stock,
          issued by JAWS Technologies Inc., a Delaware corporation on November
          1, 2000, to CALP II Limited Partnership.

10.16(38) Warrant No. AW3-B, an adjustable warrant issued by JAWS Technologies
          Inc.to CALP II Limited Partnership on November 1, 2000, for shares of
          common stock to be calculated in accordance with the terms of the
          adjustable warrant and as determined by market prices of JAWS
          Technologies Inc., shares of common stock on the NASDAQ National
          Market.

10.17(39) Letter Agreement dated March 29, 2001, by and between JAWZ Inc, a
          Delaware corporation, and CALP II Limited Partnership.

10.18(40) $1,000,000 JAWZ Inc. promissory note, dated December 13, 2000, granted
          to Thomson & Kernaghan & Co. Limited.

10.19(41) $1,000,000 JAWZ Inc. promissory note, dated January 26, 2001, granted
          to Thomson & Kernaghan & Co. Limited.

10.20(42) $400,000 JAWZ Inc. promissory note, dated February 14, 2001, granted
          to Thomson & Kernaghan & Co. Limited.

10.21(43) $945,000 JAWZ Inc. promissory note, dated February 27, 2001, granted
          to Thomson & Kernaghan & Co. Limited.


                                       24
<PAGE>   25

10.22(44) $850,000 JAWZ Inc. promissory note, dated March 15, 2001, granted to
          Thomson & Kernaghan & Co. Limited.

10.23(45) Loan Agreement between JAWZ Inc., and Thomson & Kernaghan & Co.
          Limited, dated March 29, 2001.

10.24(46) Security Agreement between JAWZ Inc., and Thomson & Kernaghan & Co.
          Limited, dated March 29, 2001.

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

(1)  Incorporated by reference to Exhibit 3.1 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(2)  Incorporated by reference to Exhibit 3.2 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(3)  Incorporated by reference to Exhibit 3.3 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(4)  Incorporated by reference to Exhibit 3.4 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(5)  Incorporated by reference to Exhibit 3.4 of the Company's Form S-1/A (File
     No. 333-38088), filed with the SEC on July 13, 2000.

(6)  Incorporated by reference to Exhibit 3.6 of the Company's Quarterly Report
     on Form 10-Q, filed with the SEC on November 14, 2000.

(7)  Incorporated by reference to Exhibit 4.1 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(8)  Incorporated by reference to Exhibit 4.2 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(9)  Incorporated by reference to Exhibit 4.3 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(10) Incorporated by reference to Exhibit 4.4 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(11) Incorporated by reference to Exhibit 4.5 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(12) Incorporated by reference to Exhibit 4.6 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(13) Incorporated by reference to Exhibit 4.7 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(14) Incorporated by reference to Exhibit 4.8 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(15) Incorporated by reference to Exhibit 4.9 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(16) Incorporated by reference to Exhibit 4.10 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(17) Incorporated by reference to Exhibit 4.11 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(18) Incorporated by reference to Exhibit 10.13 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.


                                       25
<PAGE>   26

(19) Incorporated by reference to Exhibit 4.13 of the Company's Form 10-K405,
     filed with the SEC on March 24, 2000.

(20) Incorporated by reference to Exhibit 4.14 of the Company's Form 10-K405,
     filed with the SEC on March 24, 2000.

(21) Incorporated by reference to Exhibit 10.14 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(22) Incorporated by reference to Exhibit 4.16 of the Company's Form 10-K405,
     filed with the SEC on March 24, 2000.

(23) Incorporated by reference to Exhibit 10.19 of the Company's Form S-1/A
     (File No. 333-38088), filed with the SEC on July 13, 2000.

(24) Incorporated by reference to Exhibit 10.20 of the Company's Form S-1/A
     (File No. 333-38088), filed with the SEC on July 13, 2000.

(25) Incorporated by reference to Exhibit 2.1 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(26) Incorporated by reference to Exhibit 2.2 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(27) Incorporated by reference to Exhibit 2.3 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(28) Incorporated by reference to Exhibit 2.4 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(29) Incorporated by reference to Exhibit 2.5 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(30) Incorporated by reference to Exhibit 2.1 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 18, 2000.

(31) Incorporated by reference to Exhibit 4.1 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 18, 2000.

(32) Incorporated by reference to Exhibit 4.2 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 18, 2000.

(33) Incorporated by reference to Exhibit 2.2 of the Company's Current Report on
     Form 8-K/A-2, filed with the SEC on January 18, 2001.

(34) Incorporated by reference to Exhibit 2.5 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.

(35) Incorporated by reference to Exhibit 2.6 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.

(36) Incorporated by reference to Exhibit 2.7 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.

(37) Incorporated by reference to Exhibit 2.8 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.

(38) Incorporated by reference to Exhibit 2.9 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.

(39) Incorporated by reference to Exhibit 2.10 of the Company's Current Report
     on Form 8-K/A, filed with the SEC on April 12, 2001.


                                       26
<PAGE>   27

(40) Incorporated by reference to Exhibit 2.1 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(41) Incorporated by reference to Exhibit 2.2 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(42) Incorporated by reference to Exhibit 2.3 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(43) Incorporated by reference to Exhibit 2.4 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(44) Incorporated by reference to Exhibit 2.5 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(45) Incorporated by reference to Exhibit 2.6 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(46) Incorporated by reference to Exhibit 2.7 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(b)      Reports on Form 8-K

         An amendment to a current report on Form 8-K/A2 was filed by the
         Company on January 18, 2001, amending the current report on Form 8-K/A1
         filed June 16, 2000 and the Current Report filed May 5, 2001. Amendment
         A2 reported an amendment to the original stock purchase agreement
         between the Company and Charles A. Ehredt by reducing the consideration
         payable to Ehredt.

         A current report on Form 8-K was filed by the Company on January 26,
         2001, reporting the amendment of certain terms of the stock purchase
         agreement between the Company and CALP II Limited Partnership and a
         private placement by CALP II.

         A current report on Form 8-K was filed by the Company on April 12,
         2001, reporting the execution of a $7.5 Million Dollar secured Loan
         Agreement between the Company and Thomson & Kernaghan Co. Limited.

         A current report on Form 8-K/A was filed by the Company on April 12,
         2001, reporting the execution of a letter agreement between the Company
         and CALP II Limited Partnership amending certain terms of the
         adjustable warrant and registration rights agreement executed on August
         21, 2000, as amended on January 23, 2000.



                                       27
<PAGE>   28
                                   SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



                                     JAWZ INC.

Date:  May 15, 2001
                                     By:   /s/ Robert J. Kubbernus
                                        -----------------------------------
                                        Name:  Robert J. Kubbernus
                                        Title: Chairman of the Board,
                                               President and Chief Executive
                                               Officer, and Acting Chief
                                               Financial Officer

                                              (Principal Executive Officer and
                                               Acting Principal Financial and
                                               Accounting Officer)








                                      S-1
<PAGE>   29






                                  EXHIBIT INDEX

3.1(1)    Articles of Incorporation of "e-biz" solutions, inc. (now JAWZ Inc., a
          Nevada corporation), dated January 27, 1997.


3.2(2)    Certificate of Amendment of Articles of Incorporation of JAWS
          Technologies, Inc., a Nevada corporation (now JAWZ Inc., a Nevada
          corporation), dated March 30, 1998, changing the name of E-Biz to JAWS
          Technologies, Inc.

3.3(3)    Certificate of Amendment of Articles of Incorporation of JAWS
          Technologies, Inc., a Nevada corporation, increasing the total number
          of common stock which JAWS is allowed to issue from 20,000,000 to
          95,000,000.

3.4(4)    Bylaws of "e-biz" solutions, inc. (now JAWZ Inc., a Delaware
          corporation), dated January 27, 1997.

3.5(5)    Certificate of Incorporation of JAWS Technologies, Inc., a Delaware
          corporation, dated April 28, 2000.

3.6(6)    Certificate of Amendment to Certificate of Incorporation of JAWS
          Technologies, Inc., a Delaware corporation, dated September 29, 2000,
          changing the name of JAWS Technologies, Inc. to JAWZ Inc.

4.1(7)    Investment Agreement by and between JAWS Technologies, Inc., a Nevada
          corporation, and Bristol Asset Management LLC dated August 27, 1998
          and letter of termination.

4.2(8)    Debenture Acquisition Agreement by and between JAWS Technologies,
          Inc., a Nevada corporation, and Thomson Kernaghan & Co. Limited, dated
          September 25, 1998.

4.3(9)    Amendment No. 1 to Debenture Purchase Agreement by and between JAWS
          Technologies, Inc. and Thomson Kernaghan & Co. Limited, dated April
          27, 1999.

4.4(10)   Warrant to purchase 1,000,000 shares of common stock of JAWS
          Technologies, Inc., a Nevada corporation, issued to Bristol Asset
          Management LLC, dated April 20, 1999.

4.5(11)   Form of Warrant to purchase 834,000 shares of common stock of JAWS
          Technologies, Inc., a Nevada corporation, issued to Glentel Inc.,
          dated June 21, 1999.

4.6(12)   Schedule of Warrant holders which received the Form of Warrant set
          forth in 4.5 above.

4.7(13)   Form of Warrant issued by JAWZ in connection with the Private
          Placement Transaction.

4.8(14)   Schedule of Warrant holders which received the Form of Warrant set
          forth in 4.9 above.

4.9(15)   Warrant to purchase 217,642 shares of common stock of JAWS
          Technologies, Inc., a Nevada corporation, issued to Thomson Kernaghan
          & Co. Limited, dated December 31, 1999.

4.10(16)  Certificate of the Designation, Voting Power, Preference and Relative,
          Participating, optional and other Special Rights and Qualifications,
          Limitations or Restrictions of the Special Series & Preferred Voting
          Stock of JAWS Technologies, Inc., dated November 30, 1999. 4.11(17)
          Incentive and Non-Qualified Stock Option Plan of JAWS Technologies,
          Inc., a Nevada corporation.

4.12(18)  Placement Agency Agreement by and between JAWS Technologies, Inc., a
          Nevada corporation, and Thomson Kernaghan & Co. Limited, dated
          December 31, 1999.

4.13(19)  Placement Agency Agreement by and between JAWS Technologies, Inc., a
          Nevada corporation, and Thomson Kernaghan & Co. Limited, dated
          February 15, 2000.

4.14(20)  Placement Agency Agreement by and between JAWS Technologies, Inc., a
          Nevada corporation, and SmallCaps Online LLC, dated February 15, 2000.



<PAGE>   30

4.15(21)  Form of Subscription Agreement to purchase 235,295 Units of JAWS
          Technologies, Inc., a Nevada corporation, by and between JAWS
          Technologies, Inc., a Nevada corporation, and BPI Canadian Small
          Companies Fund, dated December 20, 1999.

4.16(22)  Schedule of Subscribers that purchased subscriptions pursuant to the
          Form of Subscription Agreement set forth above in 10.14.

10.1(23)  Securities Purchase Agreement, dated as of June 22, 2000, among JAWS
          Technologies, Inc. and investors signatory thereto.

10.2(24)  Registration Rights Agreement, made and entered into as of June 22,
          2000, among JAWS Technologies, Inc. and the investors signatory
          thereto.

10.3(25)  Share Purchase Agreement, dated August 15, 2000, among JAWS
          Technologies, Inc., JAWS Acquisition Canada Corp., 4Comm.com, Inc.,
          and other signatories thereto.

10.4(26)  Share Purchase Agreement, dated August 15, 2000, among JAWS
          Technologies, Inc., JAWS Acquisition Canada Corp., General Network
          Services - GNS Inc., and other signatories thereto.

10.5(27)  Registration Right Agreement, dated August 15, 2000, between JAWS
          Technologies, Inc. and the Vendors signatories thereto.

10.6(28)  Support Agreement, dated August 1, 2000 between JAWS Technologies,
          Inc. and JAWS Acquisition Canada Corp.

10.7(29)  Voting and Exchange Trust Agreement, dated August 1, 2000, among JAWS
          Technologies, inc. and JAWS Acquisition Canada Corp. and Montreal
          Trust Company of Canada.

10.8(30)  Share Purchase Agreement, dated August 22, 2000, among JAWS
          Technologies, Inc., JAWS Acquisition Canada Corp., the shareholders of
          Betach Systems Inc., and the shareholders of Betach Advanced Solutions
          Inc.

10.9(31)  Form of Warrant Certificate made by JAWS Technologies, Inc. in favor
          of the shareholders of Betach Systems Inc. and the shareholders of
          Betach Advanced Solutions Inc.

10.10(32) List of warrant holders with respect to whom JAWZ issued warrants
          pursuant to the Form of Warrant Certificate set forth in Exhibit 4.1:
          Randy Walinga, Stephanie Muzyka, Lawrence Gordey and Soon Chong.

10.11(33) Second Amendment to Stock Purchase Agreement, dated as of December 26,
          2000, among JAWZ Inc., a Delaware corporation, (formerly Jaws
          Technologies, Inc., a Nevada corporation) and Charles A. Ehredt.

10.12(34) Securities Purchase Agreement Amendment No. 1, dated January 23, 2001
          to be effective as of November 1, 2000, by and between JAWZ Inc., a
          Delaware corporation (formerly JAWS Technologies, Inc.) and CALP II
          Limited Partnership.

10.13(35) Registration Rights Amendment No. 1., dated January 23, 2001 to be
          effective as of November 1, 2000, by and between JAWZ Inc., a Delaware
          corporation (formerly JAWS Technologies, Inc.) and CALP II Limited
          Partnership.

10.14(36) Warrant No. CW-3B1, a warrant for 233,000 shares of common stock,
          issued by JAWS Technologies Inc., a Delaware corporation on November
          1, 2000, to CALP II Limited Partnership.

10.15(37) Warrant No. CW-3B2, a warrant for 67,000 shares of common stock,
          issued by JAWS Technologies Inc., a Delaware corporation on November
          1, 2000, to CALP II Limited Partnership.

10.16(38) Warrant No. AW3-B, an adjustable warrant issued by JAWS Technologies
          Inc.to CALP II Limited Partnership on November 1, 2000, for shares of
          common stock to be calculated in accordance with the terms of the
          adjustable warrant and as determined by market prices of JAWS
          Technologies Inc., shares of common stock on the NASDAQ National
          Market.
<PAGE>   31

10.17(39) Letter Agreement dated March 29, 2001, by and between JAWZ Inc, a
          Delaware corporation, and CALP II Limited Partnership.

10.18(40) $1,000,000 JAWZ Inc. promissory note, dated December 13, 2000, granted
          to Thomson & Kernaghan & Co. Limited.

10.19(41) $1,000,000 JAWZ Inc. promissory note, dated January 26, 2001, granted
          to Thomson & Kernaghan & Co. Limited.

10.20(42) $400,000 JAWZ Inc. promissory note, dated February 14, 2001, granted
          to Thomson & Kernaghan & Co. Limited.

10.21(43) $945,000 JAWZ Inc. promissory note, dated February 27, 2001, granted
          to Thomson & Kernaghan & Co. Limited.

10.22(44) $850,000 JAWZ Inc. promissory note, dated March 15, 2001, granted to
          Thomson & Kernaghan & Co. Limited.

10.23(45) Loan Agreement between JAWZ Inc., and Thomson & Kernaghan & Co.
          Limited, dated March 29, 2001.

10.24(46) Security Agreement between JAWZ Inc., and Thomson & Kernaghan & Co.
          Limited, dated March 29, 2001.

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

(1)  Incorporated by reference to Exhibit 3.1 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(2)  Incorporated by reference to Exhibit 3.2 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(3)  Incorporated by reference to Exhibit 3.3 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(4)  Incorporated by reference to Exhibit 3.4 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(5)  Incorporated by reference to Exhibit 3.4 of the Company's Form S-1/A (File
     No. 333-38088), filed with the SEC on July 13, 2000.

(6)  Incorporated by reference to Exhibit 3.6 of the Company's Quarterly Report
     on Form 10-Q, filed with the SEC on November 14, 2000.

(7)  Incorporated by reference to Exhibit 4.1 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(8)  Incorporated by reference to Exhibit 4.2 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(9)  Incorporated by reference to Exhibit 4.3 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(10) Incorporated by reference to Exhibit 4.4 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(11) Incorporated by reference to Exhibit 4.5 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(12) Incorporated by reference to Exhibit 4.6 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(13) Incorporated by reference to Exhibit 4.7 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

<PAGE>   32

(14) Incorporated by reference to Exhibit 4.8 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(15) Incorporated by reference to Exhibit 4.9 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(16) Incorporated by reference to Exhibit 4.10 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(17) Incorporated by reference to Exhibit 4.11 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(18) Incorporated by reference to Exhibit 10.13 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(19) Incorporated by reference to Exhibit 4.13 of the Company's Form 10-K405,
     filed with the SEC on March 24, 2000.

(20) Incorporated by reference to Exhibit 4.14 of the Company's Form 10-K405,
     filed with the SEC on March 24, 2000.

(21) Incorporated by reference to Exhibit 10.14 of the Company's Form S-1 (File
     No. 333-30406), filed with the SEC on February 14, 2000.

(22) Incorporated by reference to Exhibit 4.16 of the Company's Form 10-K405,
     filed with the SEC on March 24, 2000.

(23) Incorporated by reference to Exhibit 10.19 of the Company's Form S-1/A
     (File No. 333-38088), filed with the SEC on July 13, 2000.

(24) Incorporated by reference to Exhibit 10.20 of the Company's Form S-1/A
     (File No. 333-38088), filed with the SEC on July 13, 2000.

(25) Incorporated by reference to Exhibit 2.1 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(26) Incorporated by reference to Exhibit 2.2 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(27) Incorporated by reference to Exhibit 2.3 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(28) Incorporated by reference to Exhibit 2.4 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(29) Incorporated by reference to Exhibit 2.5 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 11, 2000.

(30) Incorporated by reference to Exhibit 2.1 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 18, 2000.

(31) Incorporated by reference to Exhibit 4.1 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 18, 2000.

(32) Incorporated by reference to Exhibit 4.2 of the Company's Current Report on
     Form 8-K, filed with the SEC on September 18, 2000.

(33) Incorporated by reference to Exhibit 2.2 of the Company's Current Report on
     Form 8-K/A-2, filed with the SEC on January 18, 2001.

(34) Incorporated by reference to Exhibit 2.5 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.
<PAGE>   33

(35) Incorporated by reference to Exhibit 2.6 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.

(36) Incorporated by reference to Exhibit 2.7 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.

(37) Incorporated by reference to Exhibit 2.8 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.

(38) Incorporated by reference to Exhibit 2.9 of the Company's Current Report on
     Form 8-K, filed with the SEC on January 26, 2001.

(39) Incorporated by reference to Exhibit 2.10 of the Company's Current Report
     on Form 8-K/A, filed with the SEC on April 12, 2001.

(40) Incorporated by reference to Exhibit 2.1 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(41) Incorporated by reference to Exhibit 2.2 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(42) Incorporated by reference to Exhibit 2.3 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(43) Incorporated by reference to Exhibit 2.4 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(44) Incorporated by reference to Exhibit 2.5 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(45) Incorporated by reference to Exhibit 2.6 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.

(46) Incorporated by reference to Exhibit 2.7 of the Company's Current Report on
     Form 8-K, filed with the SEC on April 12, 2001.