THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"). THIS WARRANT SHALL NOT CONSTITUTE AN OFFER
TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES IN ANY JURISDICTION
IN WHICH SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. THE SECURITIES ARE
"RESTRICTED" AND MAY NOT BE RESOLD OR TRANSFERRED EXCEPT AS PERMITTED UNDER THE
ACT PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.



                          COMMON STOCK PURCHASE WARRANT

     To Purchase Shares of $0.01 Par Value Common Stock ("Common Stock") of

                                  NETGURU, INC.

         THIS CERTIFIES that, for value received, Shoreline Pacific
Institutional Finance (the "INVESTOR") is entitled, upon the terms and subject
to the conditions hereinafter set forth, at any time on or after the date hereof
and on or prior to 8:00 p.m. New York City Time on June 23, 2003 (the
"TERMINATION DATE"), but not thereafter, to subscribe for and purchase from
NETGURU, INC., a Delaware corporation (the "COMPANY"), 3,300 shares of Common
Stock (the "WARRANT SHARES") at an Exercise Price equal to 125% of the Closing
Price (as defined in Section 12(a) below), (as adjusted from time to time
pursuant to the terms hereof, the "EXERCISE PRICE"). The Exercise Price and the
number of shares for which the Warrant is exercisable shall be subject to
adjustment as provided herein. This Warrant is being issued in connection with
the Securities Purchase Agreement dated June 22, 2000 (the "PURCHASE AGREEMENT")
entered into between the Company and Elliott Associates, L.P. and Westgate
International L.P. and that certain Engagement Letter dated February 10, 2000
between Investor and the Company. Capitalized terms used herein and not
otherwise defined shall have the meaning ascribed thereto in the Purchase
Agreement.

1.       TITLE OF WARRANT. Prior to the expiration hereof and subject to
         compliance with applicable laws, this Warrant and all rights hereunder
         are transferable, in whole or in part, at the office or agency of the
         Company by the Holder hereof in person or by duly authorized attorney,
         upon surrender of this Warrant together with (a) the Assignment Form
         annexed hereto properly endorsed, and (b) any other documentation
         reasonably necessary to satisfy the Company that such transfer is in
         compliance with all applicable securities laws. The term "HOLDER" shall
         refer to the Investor or any subsequent transferee of this Warrant.

2.       AUTHORIZATION OF SHARES. The Company covenants that all shares of
         Common Stock which may be issued upon the exercise of rights
         represented by this Warrant will, upon exercise of the rights
         represented by this Warrant and payment of the Exercise Price as set
         forth herein will be duly authorized, validly issued, fully paid and
         nonassessable and free from all taxes, liens and charges in respect of
         the issue thereof (other than taxes in respect of any transfer
         occurring contemporaneously with such issue or otherwise specified
         herein).

<PAGE>

3.       EXERCISE OF WARRANT.

(a)      The Holder may exercise this Warrant, in whole or in part, at any time
         and from time to time, by delivering to the offices of the Company or
         any transfer agent for the Common Stock this Warrant, together with a
         Notice of Exercise in the form annexed hereto specifying the number of
         Warrant Shares with respect to which this Warrant is being exercised,
         together with payment to the Company of the Exercise Price therefor.

         In the event that the Warrant is not exercised in full, the number of
         Warrant Shares shall be reduced by the number of such Warrant Shares
         for which this Warrant is exercised and/or surrendered, and the
         Company, at its expense, shall within three (3) Trading Days (as
         defined below) issue and deliver to the Holder a new Warrant of like
         tenor in the name of the Holder or as the Holder (upon payment by
         Holder of any applicable transfer taxes) may request, reflecting such
         adjusted Warrant Shares.

         Certificates for shares of Common Stock purchased hereunder shall be
         delivered to the Holder hereof within two (2) Trading Days after the
         date on which this Warrant shall have been exercised as aforesaid. The
         Holder may withdraw its Notice of Exercise at any time if the Company
         fails to timely deliver the relevant certificates to the Holder as
         provided in this Agreement.

         In lieu of delivering physical certificates representing the Warrant
         Shares issuable upon conversion of this Warrant, provided the Company's
         transfer agent is participating in the Depository Trust Company ("DTC")
         Fast Automated Securities Transfer ("FAST") program, upon request of
         the Holder, the Company shall use its best efforts to cause its
         transfer agent to electronically transmit the Warrant Shares issuable
         upon exercise to the Holder, by crediting the account of the Holder's
         prime broker with DTC through its Deposit Withdrawal Agent Commission
         ("DWAC") system. The time periods for delivery described above shall
         apply to the electronic transmittals through the DWAC system. The
         Company agrees to coordinate with DTC to accomplish this objective.

         (b) CASHLESS EXERCISE. Notwithstanding the foregoing provision
         regarding payment of the Exercise Price in cash, the Holder may elect
         to receive a reduced number of Warrant Shares in lieu of tendering the
         Exercise Price in cash. In such case, the number of Warrant Shares to
         be issued to the Holder shall be computed using the following formula:

                                    X = Y X (A-B)
                                        ---------
                                            A

         where:   X = the number of Warrant Shares to be issued to the Holder; Y
                  = the number of Warrant Shares to be exercised under this
                  Warrant Certificate; A = the Market Value (defined below) of
                  one share of Common Stock; and B = the Exercise Price.

                                       2
<PAGE>

         As used herein, "MARKET VALUE" refers to the closing bid price of the
         Common Stock (as reported by Bloomberg, L.P.) on the day before the
         Notice of Exercise and this Warrant are duly surrendered to the Company
         for a full or partial exercise hereof. Notwithstanding the foregoing
         definition, if the Common Stock is not listed on a national securities
         exchange or quoted in the Nasdaq System at the time said Notice of
         Exercise is submitted to the Company in the foregoing manner, the
         Market Value of the Common Stock shall be as reasonably determined in
         good faith by the Board of Directors of the Company and such Holder,
         unless the Company shall become subject to a merger, acquisition, or
         other consolidation pursuant to which the Company is not the surviving
         entity, in which case the Market Value of the Common Stock shall be
         deemed to be the value received by the Company's common shareholders
         pursuant to the Company's acquisition (subject to Section 12 below).

(c)      The term "TRADING DAY" means (x) if the Common Stock is not listed on
         the New York or American Stock Exchange but sale prices of the Common
         Stock are reported on Nasdaq National Market or another automated
         quotation system, a day on which trading is reported on the principal
         automated quotation system on which sales of the Common Stock are
         reported, (y) if the Common Stock is listed on the New York Stock
         Exchange or the American Stock Exchange, a day on which there is
         trading on such stock exchange, or (z) if the foregoing provisions are
         inapplicable, a day on which quotations are reported by National
         Quotation Bureau Incorporated.

4.       NO FRACTIONAL SHARES OR SCRIP. No fractional shares or scrip
         representing fractional shares shall be issued upon the exercise of
         this Warrant. In lieu of issuance of a fractional share upon any
         exercise hereunder, the Company will either round up to nearest whole
         number of shares or pay the cash value of that fractional share
         calculated on the basis of the Fair Market Value (as defined below).

5.       CHARGES, TAXES AND EXPENSES. Issuance of certificates for shares of
         Common Stock upon the exercise of this Warrant shall be made without
         charge to the Holder hereof for any issue or transfer tax or other
         incidental expense in respect of the issuance of such certificate, all
         of which taxes and expenses shall be paid by the Company, and such
         certificates shall be issued in the name of the Holder of this Warrant
         or in such name or names as may be directed by the Holder of this
         Warrant; PROVIDED, HOWEVER, that in the event certificates for shares
         of Common Stock are to be issued in a name other than the name of the
         Holder of this Warrant, this Warrant when surrendered for exercise
         shall be accompanied by the Assignment Form attached hereto duly
         executed by the Holder hereof; and PROVIDED FURTHER, that the Company
         shall not be required to pay any tax or taxes which may be payable in
         respect of any transfer involved in the issuance of any Warrant
         certificates or any certificates for the Warrant Shares other than the
         issuance of a Warrant Certificate to the Holder in connection with the
         Holder's surrender of a Warrant Certificate upon the exercise of all or
         less than all of the Warrants evidenced thereby.

6.       CLOSING OF BOOKS. The Company will at no time close its shareholder
         books or records in any manner which interferes with the timely
         exercise of this Warrant.

                                       3
<PAGE>

7.       NO RIGHTS AS SHAREHOLDER UNTIL EXERCISE. Subject to Section 12 of this
         Warrant and the provisions of any other written agreement between the
         Company and the Investor, the Investor shall not be entitled to vote or
         receive dividends or be deemed the holder of Warrant Shares or any
         other securities of the Company that may at any time be issuable on the
         exercise hereof for any purpose, nor shall anything contained herein be
         construed to confer upon the Investor, as such, any of the rights of a
         stockholder of the Company or any right to vote for the election of
         directors or upon any matter submitted to stockholders at any meeting
         thereof, or to give or withhold consent to any corporate action
         (whether upon any recapitalization, issuance of stock, reclassification
         of stock, change of par value, or change of stock to no par value,
         consolidation, merger, conveyance or otherwise) or to receive notice of
         meetings, or to receive dividends or subscription rights or otherwise
         until the Warrant shall have been exercised as provided herein.
         However, at the time of the exercise of this Warrant pursuant to
         Section 3 hereof, the Warrant Shares so purchased hereunder shall be
         deemed to be issued to such Holder as the record owner of such shares
         as of the close of business on the date on which this Warrant shall
         have been exercised.

8.       ASSIGNMENT AND TRANSFER OF WARRANT. This Warrant may be assigned by the
         surrender of this Warrant and the Assignment Form annexed hereto duly
         executed at the office of the Company (or such other office or agency
         of the Company or its transfer agent as the Company may designate by
         notice in writing to the registered Holder hereof at the address of
         such Holder appearing on the books of the Company); PROVIDED, HOWEVER,
         that this Warrant may not be resold or otherwise transferred except (i)
         in a transaction registered under the Securities Act of 1933, as
         amended (the "ACT"), or (ii) in a transaction pursuant to an exemption,
         if available, from registration under the Act and whereby, if
         reasonably requested by the Company, an opinion of counsel reasonably
         satisfactory to the Company is obtained by the Holder of this Warrant
         to the effect that the transaction is so exempt. If this Warrant is
         duly assigned in accordance with the terms hereof, then the Company
         agrees, upon the request of the assignee, to amend or supplement
         promptly any effective registration statement covering the Warrant
         Shares so that the direct assignee of the original holder is added as a
         selling stockholder thereunder.

9.       LOSS, THEFT, DESTRUCTION OR MUTILATION OF WARRANT; EXCHANGE. The
         Company represents warrants and covenants that (a) upon receipt by the
         Company of evidence reasonably satisfactory to it of the loss, theft,
         destruction or mutilation of any Warrant or stock certificate
         representing the Warrant Shares, and in case of loss, theft or
         destruction, of indemnity reasonably satisfactory to it, and (b) upon
         surrender and cancellation of such Warrant or stock certificate, if
         mutilated, the Company will make and deliver a new Warrant or stock
         certificate of like tenor and dated as of such cancellation, in lieu of
         this Warrant or stock certificate, without any charge therefor. This
         Warrant is exchangeable at any time for an equal aggregate number of
         Warrants of different denominations, as requested by the holder
         surrendering the same, or in such denominations as may be requested by
         the Holder following determination of the Exercise Price. No service
         charge will be made for such registration or transfer, exchange or
         reissuance.

                                       4
<PAGE>

10.      SATURDAYS, SUNDAYS, HOLIDAYS, ETC. If the last or appointed day for the
         taking of any action or the expiration of any right required or granted
         herein shall be a Saturday, Sunday or a legal holiday, then such action
         may be taken or such right may be exercised on the next succeeding day
         not a legal holiday.

11.      EFFECT OF CERTAIN EVENTS. If at any time while this Warrant or any
         portion thereof is outstanding and unexpired there shall be a
         transaction (by merger or otherwise) in which more than 50% of the
         voting power of the Company is disposed of (collectively, a "SALE OR
         MERGER TRANSACTION"), the Holder of this Warrant shall have the right
         thereafter to purchase, by exercise of this Warrant and payment of the
         aggregate Exercise Price in effect immediately prior to such action,
         the kind and amount of shares and other securities and property which
         it would have owned or have been entitled to receive after the
         happening of such transaction had this Warrant been exercised
         immediately prior thereto, subject to further adjustment as provided in
         Section 12.

12.      ADJUSTMENTS OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES.

         The number of and kind of securities purchasable upon exercise of this
         Warrant and the Exercise Price shall be subject to adjustment from time
         to time as set forth in this Section 12.

(a)      SUBDIVISIONS, COMBINATIONS, STOCK DIVIDENDS AND OTHER ISSUANCES. If the
         Company shall, at any time while this Warrant is outstanding, (A) pay a
         stock dividend or otherwise make a distribution or distributions on any
         equity securities (including instruments or securities convertible into
         or exchangeable for such equity securities) in shares of Common Stock,
         (B) subdivide outstanding shares of Common Stock into a larger number
         of shares, or (C) combine outstanding Common Stock into a smaller
         number of shares, then each Affected Exercise Price (as defined below)
         shall be multiplied by a fraction, the numerator of which shall be the
         number of shares of Common Stock outstanding before such event and the
         denominator of which shall be the number of shares of Common Stock
         outstanding after such event. Any adjustment made pursuant to this
         Section 12(a) shall become effective immediately after the record date
         for the determination of stockholders entitled to receive such dividend
         or distribution and shall become effective immediately after the
         effective date in the case of a subdivision or combination. As used
         herein, the Affected Exercise Prices (each an "AFFECTED EXERCISE
         PRICE") shall refer to: (i) the Exercise Price and (ii) each reported
         price for the Common Stock on the Principal Market (as defined in the
         Purchase Agreement) occurring on any Trading Day included in the period
         used for determining the Closing Price, which Trading Day occurred
         before the record date in the case of events referred to in clause (A)
         of this subparagraph 12(a) and the effective date in the case of the
         events referred to in clauses (B) and (C) of this subparagraph 12(a).
         "CLOSING PRICE" shall mean (i) for the period after the 20th Trading
         Day following the Closing Date (as defined in the Purchase Agreement),
         the average of the lowest 5 closing bid prices of the Common Stock
         recorded on the Principal Market (as reported by the Bloomberg
         Financial Network or any successor reporting source) for the 20 Trading
         Days immediately following the Closing Date (as defined in the Purchase
         Agreement), and (ii) for the period on or before the 20th Trading Day
         following the Closing Date, the average of the 5 closing bid prices of
         the Common Stock recorded on the Principal Market (as reported by the
         Bloomberg financial network or any successor reporting service) on the
         5 Trading Days immediately preceding the Closing Date. The number of

                                       5
<PAGE>

         shares which may be purchased hereunder shall be increased
         proportionately to any reduction in Exercise Price pursuant to this
         paragraph 12(a), so that after such adjustments the aggregate Exercise
         Price payable hereunder for the increased number of shares shall be the
         same as the aggregate Exercise Price in effect just prior to such
         adjustments.

(b)      OTHER DISTRIBUTIONS. If at any time after the date hereof the Company
         distributes to holders of its Common Stock, other than as part of its
         dissolution, liquidation or the winding up of its affairs, any shares
         of its capital stock, any evidence of indebtedness or any of its assets
         (other than Common Stock), then the number of Warrant Shares for which
         this Warrant is exercisable shall be increased to equal: (i) the number
         of Warrant Shares for which this Warrant is exercisable immediately
         prior to such event, (ii) multiplied by a fraction, (A) the numerator
         of which shall be the Fair Market Value (as defined below) per share of
         Common Stock on the record date for the dividend or distribution, and
         (B) the denominator of which shall be the Fair Market Value price per
         share of Common Stock on the record date for the dividend or
         distribution minus the amount allocable to one share of Common Stock of
         the value (as jointly determined in good faith by the Board of
         Directors of the Company and the Holder) of any and all such evidences
         of indebtedness, shares of capital stock, other securities or property,
         so distributed. For purposes of this Warrant, "FAIR MARKET VALUE" shall
         equal the 5 Trading Day average closing trading price of the Common
         Stock on the Principal Market (as defined in the Purchase Agreement)
         for the 5 Trading Days preceding the date of determination or, if the
         Common Stock is not listed or admitted to trading on any Principal
         Market, and the average price cannot be determined as contemplated
         above, the Fair Market Value of the Common Stock shall be as reasonably
         determined in good faith by the Company's Board of Directors and the
         Holder. The Exercise Price shall be reduced to equal: (i) the Exercise
         Price in effect immediately before the occurrence of any event (ii)
         multiplied by a fraction, (A) the numerator of which is the number of
         Warrant Shares for which this Warrant is exercisable immediately before
         the adjustment, and (B) the denominator of which is the number of
         Warrant Shares for which this Warrant is exercisable immediately after
         the adjustment.

(c)      MERGER, ETC. If at any time after the date hereof there shall be a
         merger or consolidation of the Company with or into or a transfer of
         all or substantially all of the assets of the Company to another
         entity, then the Holder shall be entitled to receive upon or after such
         transfer, merger or consolidation becoming effective, and upon payment
         of the Exercise Price then in effect, the number of shares or other
         securities or property of the Company or of the successor corporation
         resulting from such merger or consolidation, which would have been
         received by the Holder for the shares of stock subject to this Warrant
         had this Warrant been exercised just prior to such transfer, merger or
         consolidation becoming effective or to the applicable record date
         thereof, as the case may be. The Company will not merge or consolidate
         with or into any other corporation, or sell or otherwise transfer its
         property, assets and business substantially as an entirety to another
         corporation, unless the corporation resulting from such merger or
         consolidation (if not the Company), or such transferee corporation, as
         the case may be, shall expressly assume in writing the due and punctual
         performance and observance of each and every covenant and condition of
         this Warrant to be performed and observed by the Company.

                                       6
<PAGE>

(d)      RECLASSIFICATION, ETC. If at any time after the date hereof there shall
         be a reorganization or reclassification of the securities as to which
         purchase rights under this Warrant exist into the same or a different
         number of securities of any other class or classes, then the Holder
         shall thereafter be entitled to receive upon exercise of this Warrant,
         during the period specified herein and upon payment of the Exercise
         Price then in effect, the number of shares or other securities or
         property resulting from such reorganization or reclassification, which
         would have been received by the Holder for the shares of stock subject
         to this Warrant had this Warrant at such time been exercised.

(e)      EXERCISE PRICE ADJUSTMENT. In the event that the Company issues or
         sells any Common Stock or securities which are convertible into or
         exchangeable for its Common Stock or any convertible securities, or any
         warrants or other rights to subscribe for or to purchase or any options
         for the purchase of its Common Stock or any such convertible securities
         (other than shares or options issued or which may be issued pursuant to
         (i) the Company's current employee option plans or shares issued upon
         exercise of options, warrants or rights outstanding on the date of the
         Agreement and listed in the Company's most recent periodic report filed
         under the Exchange Act, (ii) arrangements with the Investor, (iii) an
         underwriting agreement, to one or more underwriters in connection with
         a bona fide public offering (as defined in the Certificate), or (iv)
         strategic acquisitions of other entities by the Company which engage in
         businesses related or complementary to the Company's business) at an
         effective price per share which is less than the greater of the
         Exercise Price then in effect or the Fair Market Value (as described in
         Section 12(b) above) of the Common Stock on the trading day next
         preceding such issue or sale, then in each such case, the Exercise
         Price in effect immediately prior to such issue or sale shall be
         reduced effective concurrently with such issue or sale to an amount
         determined by multiplying the Exercise Price then in effect by a
         fraction, (x) the numerator of which shall be the sum of (1) the number
         of shares of Common Stock outstanding immediately prior to such issue
         or sale, plus (2) the number of shares of Common Stock which the
         aggregate consideration received by the Company for such additional
         shares would purchase at such Fair Market Value or Exercise Price,
         whichever is greater, then in effect; and (y) the denominator of which
         shall be the number of shares of Common Stock of the Company
         outstanding immediately after such issue or sale.

         For the purposes of the foregoing adjustment, in the case of the
         issuance of any convertible securities, warrants, options or other
         rights to subscribe for or to purchase or exchange for, shares of
         Common Stock ("CONVERTIBLE SECURITIES"), the maximum number of shares
         of Common Stock issuable upon exercise, exchange or conversion of such
         Convertible Securities shall be deemed to be outstanding, provided that
         no further adjustment shall be made upon the actual issuance of Common
         Stock upon exercise, exchange or conversion of such Convertible
         Securities.

                                       7
<PAGE>

         The number of shares which may be purchased hereunder shall be
         increased proportionately to any reduction in Exercise Price pursuant
         to this paragraph 12(e), so that after such adjustments the aggregate
         Exercise Price payable hereunder for the increased number of shares
         shall be the same as the aggregate Exercise Price in effect just prior
         to such adjustments.

         In the event of any such issuance for a consideration which is less
         than such Fair Market Value and also less than the Exercise Price then
         in effect, than there shall be only one such adjustment by reason of
         such issuance, such adjustment to be that which results in the greatest
         reduction of the Exercise Price computed as aforesaid.

(f)      (i) The terms of any reorganization, consolidation, merger, sale,
         transfer or share exchange shall include such terms so as to continue
         to give to the holder hereof the right to receive the securities or
         property set forth in this Section 12 upon any exercise following any
         such reclassification, consolidation, merger, sale, transfer or share
         exchange.

         (ii) In the event of any adjustment in the number of Warrant Shares
         issuable hereunder upon exercise, the Exercise Price shall be inversely
         proportionately increased or decreased as the case may be, such that
         aggregate purchase price for Warrant Shares upon full exercise of this
         Warrant shall remain the same. Similarly, in the event of any
         adjustment in the Exercise Price, the number of Warrant Shares issuable
         hereunder upon exercise shall be inversely proportionately increased or
         decreased as the case may be, such that aggregate purchase price for
         Warrant Shares upon full exercise of this Warrant shall remain the
         same.

13.      VOLUNTARY ADJUSTMENT BY THE COMPANY. The Company may at its option, at
         any time during the term of this Warrant, reduce but not increase the
         then current Exercise Price to any amount and for any period of time
         deemed appropriate by the Board of Directors of the Company.

14.      NOTICE OF ADJUSTMENT; NOTICE OF EVENTS. (i) Whenever the number of
         Warrant Shares or number or kind of securities or other property
         purchasable upon the exercise of this Warrant or the Exercise Price is
         adjusted, the Company shall promptly mail to the Holder of this Warrant
         a notice setting forth the number of Warrant Shares (and other
         securities or property) purchasable upon the exercise of this Warrant
         and the Exercise Price of such Warrant Shares after such adjustment and
         setting forth the computation of such adjustment and a brief statement
         of the facts requiring such adjustment. (ii) If: (A) the Company shall
         declare a dividend (or any other distribution) on its Common Stock; or
         (B) the Company shall declare a special nonrecurring cash dividend on
         or a redemption of its Common Stock; or (C) the Company shall authorize
         the granting to all holders of the Common Stock rights or warrants to
         subscribe for or purchase any shares of capital stock of any class or
         of any rights; or (D) the approval of any stockholders of the Company
         shall be required in connection with any reclassification of the Common
         Stock of the Company, any consolidation or merger to which the Company
         is a party, any sale or transfer of all or substantially all of the
         assets of the Company, or any compulsory share exchange whereby the

                                       8
<PAGE>

         Common Stock is converted into other securities, cash or property; or
         (E) the Company shall authorize the voluntary dissolution, liquidation
         or winding up of the affairs of the Company, then the Company shall
         cause to be mailed to each Warrant holder at their last addresses as
         they shall appear upon the Warrant register of the Company, at least 30
         calendar days prior to the applicable record or effective date
         hereinafter specified, a notice stating (x) the date on which a record
         is to be taken for the purpose of such dividend, distribution,
         redemption, rights or warrants, or if a record is not to be taken, the
         date as of which the holders of Common Stock of record to be entitled
         to such dividend, distributions, redemption, rights or warrants are to
         be determined or (y) the date on which such reclassification,
         consolidation, merger, sale, transfer or share exchange is expected to
         become effective or close, and the date as of which it is expected that
         holders of Common Stock of record shall be entitled to exchange their
         shares of Common Stock for securities, cash or other property
         deliverable upon such reclassification, consolidation, merger, sale,
         transfer, share exchange, dissolution, liquidation or winding up.

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

16.      9.99% LIMITATION.

                  (i) Notwithstanding anything to the contrary contained herein,
         the number of shares of Common Stock that may be acquired by the holder
         upon exercise pursuant to the terms hereof shall not exceed a number
         that, when added to the total number of shares of Common Stock deemed
         beneficially owned by such holder (other than by virtue of the
         ownership of securities or rights to acquire securities that have
         limitations on the holder's right to convert, exercise or purchase
         similar to the limitation set forth herein), together with all shares
         of Common Stock deemed beneficially owned by the holder's "affiliates"
         (as defined in Rule 144 of the Act) ("Aggregation Parties") that would
         be aggregated for purposes of determining whether a group under Section
         13(d) of the Securities Exchange Act of 1934 as amended, exists, would
         exceed 9.99% of the total issued and outstanding shares of the Common
         Stock (the "Restricted Ownership Percentage"); PROVIDED that (w) each
         holder shall have the right at any time and from time to time to reduce
         its Restricted Ownership Percentage immediately upon notice to the
         Company and (x) each holder shall have the right (subject to waiver) at
         any time and from time to time, to increase its Restricted Ownership
         Percentage immediately in the event of the announcement as pending or
         planned, of a transaction or event referred to in Section 5(m) of the
         Certificate.

                                       9
<PAGE>

                  (ii) Each time (a "COVENANT TIME") the holder or an
         Aggregation Party makes a Triggering Acquisition (as defined below) of
         shares of Common Stock (the "TRIGGERING SHARES"), the holder will be
         deemed to covenant that it will not, during the balance of the day on
         which such Triggering Acquisition occurs, and during the 61-day period
         beginning immediately after that day, acquire additional shares of
         Common Stock pursuant to rights-to-acquire existing at that Covenant
         Time, if the aggregate amount of such additional shares so acquired
         (without reducing that amount by any dispositions) would exceed (x)
         9.99% of the number of shares of Common Stock outstanding at that
         Covenant Time (including the Triggering Shares) minus (y) the number of
         shares of Common Stock actually owned by the holder at that Covenant
         Time (regardless of how or when acquired, and including the Triggering
         Shares). A "TRIGGERING ACQUISITION" means the giving of a Notice of
         Exercise or any other acquisition of Common Stock by the holder or an
         Aggregation Party; PROVIDED, however, that with respect to the giving
         of such Notice of Exercise, if the associated issuance of shares of
         Common Stock does not occur, such event shall cease to be a Triggering
         Acquisition and the related covenant under this paragraph shall
         terminate. At each Covenant Time, the holder shall be deemed to waive
         any right it would otherwise have to acquire shares of Common Stock to
         the extent that such acquisition would violate any covenant given by
         the holder under this paragraph. Notwithstanding anything to the
         contrary in the Transaction Documents, in the event of a conflict
         between any covenant given under this paragraph and any obligation of
         the holder to exercise this Warrant pursuant to the Transaction
         Documents, the former shall supersede the latter, and the latter shall
         be reduced accordingly. For the avoidance of doubt:

                           (A)      The covenant to be given pursuant to this
                                    paragraph will be given at every Covenant
                                    Time and shall be calculated based on the
                                    circumstances then in effect. The making of
                                    a covenant at one Covenant Time shall not
                                    terminate or modify any prior covenants.

                           (B)      The holder may therefore from time to time
                                    be subject to multiple such covenants, each
                                    one having been made at a different Covenant
                                    Time, and some possibly being more
                                    restrictive than others. The holder must
                                    comply with all such covenants then in
                                    effect..

17.      COMPLIANCE WITH SECURITIES LAWS. (a) The Holder hereof acknowledges
         that the Warrant Shares acquired upon the exercise of this Warrant, if
         not registered (or if no exemption from registration exists), will have
         restrictions upon resale imposed by state and federal securities laws.
         Each certificate representing the Warrant Shares issued to the Holder
         upon exercise (if not registered, for resale or otherwise, or if no
         exemption from registration exists) will bear substantially the
         following legend:

         THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
         COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"),
         AND, ACCORDINGLY, MAY NOT BE OFFERED, TRANSFERRED, SOLD OR OTHERWISE
         DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
         UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR
         IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
         SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

                                       10
<PAGE>

(b)      Without limiting the Investor's right to transfer, assign or otherwise
         convey the Warrant or Warrant Shares in compliance with all applicable
         securities laws, the Investor of this Warrant, by acceptance hereof,
         acknowledges that this Warrant and the Warrant Shares to be issued upon
         exercise hereof are being acquired solely for the Investor's own
         account and not as a nominee for any other party, and that the Investor
         will not offer, sell or otherwise dispose of this Warrant or any
         Warrant Shares to be issued upon exercise hereof except under
         circumstances that will not result in a violation of applicable federal
         and state securities laws.

18.      MISCELLANEOUS.

(a)      ISSUE DATE; CHOICE OF LAW; VENUE; JURISDICTION. THE PROVISIONS OF THIS
         WARRANT SHALL BE CONSTRUED AND SHALL BE GIVEN EFFECT IN ALL RESPECTS AS
         IF IT HAD BEEN ISSUED AND DELIVERED BY THE COMPANY ON THE DATE HEREOF.
         THIS WARRANT SHALL BE BINDING UPON ANY SUCCESSORS OR ASSIGNS OF THE
         COMPANY. THIS WARRANT WILL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH
         AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, EXCEPT FOR MATTERS
         ARISING UNDER THE ACT, WITHOUT REFERENCE TO PRINCIPLES OF CONFLICTS OF
         LAW. EACH OF THE PARTIES CONSENTS TO THE EXCLUSIVE JURISDICTION OF THE
         FEDERAL AND STATE COURTS SITTING IN THE COUNTY OF NEW YORK IN THE STATE
         OF NEW YORK IN CONNECTION WITH ANY DISPUTE ARISING UNDER THIS WARRANT
         AND HEREBY WAIVES, TO THE MAXIMUM EXTENT PERMITTED BY LAW, ANY
         OBJECTION, INCLUDING ANY OBJECTION BASED ON FORUM NON CONVENIENS OR
         VENUE, TO THE BRINGING OF ANY SUCH PROCEEDING IN SUCH JURISDICTION.
         EACH PARTY HEREBY AGREES THAT IF THE OTHER PARTY TO THIS WARRANT
         OBTAINS A JUDGMENT AGAINST IT IN SUCH A PROCEEDING, THE PARTY WHICH
         OBTAINED SUCH JUDGMENT MAY ENFORCE SAME BY SUMMARY JUDGMENT IN THE
         COURTS OF ANY COUNTRY HAVING JURISDICTION OVER THE PARTY AGAINST WHOM
         SUCH JUDGMENT WAS OBTAINED, AND EACH PARTY HEREBY WAIVES ANY DEFENSES
         AVAILABLE TO IT UNDER LOCAL LAW AND AGREES TO THE ENFORCEMENT OF SUCH A
         JUDGMENT. EACH PARTY TO THIS WARRANT IRREVOCABLY CONSENTS TO THE
         SERVICE OF PROCESS IN ANY SUCH PROCEEDING BY THE MAILING OF COPIES
         THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY
         AT ITS ADDRESS IN ACCORDANCE WITH SECTION 18(C). NOTHING HEREIN SHALL
         AFFECT THE RIGHT OF ANY PARTY TO SERVE PROCESS IN ANY OTHER MANNER
         PERMITTED BY LAW.

                                       11
<PAGE>

(b)      MODIFICATION AND WAIVER. This Warrant and any provisions hereof may be
         changed, waived, discharged or terminated only by an instrument in
         writing signed by the party against which enforcement of the same is
         sought. Any amendment effected in accordance with this paragraph shall
         be binding upon the Investor, each future holder of this Warrant and
         the Company. No waivers of, or exceptions to, any term, condition or
         provision of this Warrant, in any one or more instances, shall be
         deemed to be, or construed as, a further or continuing waiver of any
         such term, condition or provision.

(c)      NOTICES. Any notice, request or other document required or permitted to
         be given or delivered to the Investor or future holders hereof or the
         Company shall be personally delivered or shall be sent by certified or
         registered mail, postage prepaid, to the Investor or each such holder
         at its address as shown on the books of the Company or to the Company
         at the address set forth in the Purchase Agreement. All notices under
         this Warrant shall be deemed to have been given when received.

         A party may from time to time change the address to which notices to it
         are to be delivered or mailed hereunder by notice in accordance with
         the provisions of this Section 18(c).

(d)      SEVERABILITY. Whenever possible, each provision of this Warrant shall
         be interpreted in such manner as to be effective and valid under
         applicable law, but if any provision of this Warrant is held to be
         invalid, illegal or unenforceable in any respect under any applicable
         law or rule in any jurisdiction, such invalidity, illegality or
         unenforceability shall not affect the validity, legality or
         enforceability of any other provision of this Warrant in such
         jurisdiction or affect the validity, legality or enforceability of any
         provision in any other jurisdiction, but this Warrant shall be
         reformed, construed and enforced in such jurisdiction as if such
         invalid, illegal or unenforceable provision had never been contained
         herein.

(e)      NO IMPAIRMENT. The Company will not, by amendment of its Certificate of
         Incorporation or through any reorganization, transfer of assets,
         consolidation, merger, dissolution, issue or sale of securities or any
         other voluntary action, avoid or seek to avoid the observance or
         performance of any of the terms of this Warrant, but will at all times
         in good faith assist in the carrying out of all such terms and in the
         taking of all such action as may be necessary or appropriate in order
         to protect the rights of the Holder against impairment. Without
         limiting the generality of the foregoing, the Company (a) will not
         increase the par value of any Warrant Shares above the amount payable
         therefor on such exercise, and (b) will take all such action as may be
         reasonably necessary or appropriate in order that the Company may
         validly and legally issue fully paid and nonassessable Warrant Shares
         on the exercise of this Warrant.

                                       12
<PAGE>

(f)      SPECIFIC ENFORCEMENT. The Company and the Holder acknowledge and agree
         that irreparable damage would occur in the event that any of the
         provisions of this Warrant were not performed in accordance with their
         specific terms or were otherwise breached. It is accordingly agreed
         that the parties shall he entitled to an injunction or injunctions to
         prevent or cure breaches of the provisions of this Warrant and to
         enforce specifically the terms and provisions hereof, this being in
         addition to any other remedy to which either of them may be entitled by
         law or equity.

                                       13
<PAGE>


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

Dated: June 23, 2000

                                             NETGURU, INC.


                                             By: /S/ Jyoti Chatterjee
                                             ------------------------
                                                  Name:    Jyoti Chatterjee
                                                  Title:   President


ATTEST:

/s/ Wayne Blair
------------------------------


                                       14
<PAGE>

                               NOTICE OF EXERCISE
                               ------------------


To:      NETGURU, INC.

(1) The undersigned hereby elects to exercise the attached Warrant for and to
purchase thereunder, ______ shares of Common Stock, [and herewith makes payment
therefor of $_______] or [and elects to utilize the cashless exercise provisions
of Section 3(b) of this Warrant, resulting in ______ shares of Common Stock
issuable hereunder].

(2) Please issue a certificate or certificates representing said shares of
Common Stock in the name of the undersigned or in such other name as is
specified below:

                           -------------------------------
                           (Name)

                           -------------------------------
                           (Address)
                           -------------------------------

(3) Please issue a new Warrant for the unexercised portion of the attached
Warrant in the name of the undersigned or in such other name as is specified
below:

                                        -----------------------------------
                                        (Name)

--------------------                    -----------------------------------
(Date)                                  (Signature)
                                        -----------------------------------
                                        (Address)


Dated:
------------------------------
Signature


                                       15
<PAGE>


                                 ASSIGNMENT FORM

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



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

_______________________________________________ whose address is

_______________________________________________________________.


_______________________________________________________________.

                                         Dated:  ______________,


                 Holder's Signature: ___________________________

                 Holder's Address:______________________________

                                  ______________________________


Signature Guaranteed:  _________________________________________




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

                                       16