EXHIBIT 4.9

THE  WARRANTS  OF THE  COMPANY  EVIDENCED  BY THIS  CERTIFICATE  HAVE  NOT  BEEN
REGISTERED  WITH  THE  SECURITIES  AND  EXCHANGE  COMMISSION  OR THE  SECURITIES
COMMISSION  OF ANY  STATE IN  RELIANCE  UPON  EXEMPTIONS  FROM THE  REGISTRATION
REQUIREMENTS  OF THE SECURITIES  ACT OF 1933, AS AMENDED,  AND PARAGRAPH (13) OF
CODE SECTION  10-5-9 OF THE GEORGIA  SECURITES ACT OF 1973. THE WARRANTS MAY NOT
BE SOLD,  TRANSFERRED,  PLEDGED  OR  ASSIGNED  OR A  SECURITY  INTEREST  CREATED
THEREIN, UNLESS THE PURCHASER,  TRANSFEREE,  ASSIGNEE, PLEDGEE OR HOLDER OF SUCH
SECURITY INTEREST COMPLIES WITH ALL STATE (INCLUDING THE GEORGIA  SECURITIES ACT
OF 1973) AND FEDERAL  SECURITIES  LAWS (I.E.,  SUCH SHARES ARE REGISTERED  UNDER
SUCH LAWS  (INCLUDING  THE GEORGIA  SECURITIES ACT OF 1973) OR AN EXEMPTION FROM
REGISTRATION  IS  AVAILABLE  THEREUNDER)  AND  UNLESS  THE  SELLER,   TRANFEROR,
ASSIGNOR,  PLEDGOR OR GRANTOR OF SUCH SECURITY  INTEREST  PROVIDES AN OPINION OF
COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT THE TRANSACTION CONTEMPLATED
WOULD NOT BE IN  VIOLATION OF THE  SECURITIES  ACT OF 1933,  AS AMENDED,  OR ANY
APPLICABLE STATE SECURITIES LAWS.  TRANSFERABILITY  OF THE WARRANTS IS THEREFORE
LIMITED AND  INVESTORS  MUST BEAR THE ECONOMIC RISK OF THEIR  INVESTMENT  FOR AN
INDEFINITE PERIOD OF TIME;

                          WAVERIDER COMMUNICATIONS INC.
                 Organized under the laws of the State of Nevada

                      CLASS M COMMON STOCK PURCHASE WARRANT

     No.WM-1          WARRANTS TO PURCHASE**            25,000 COMMON SHARES

THIS  CERTIFIES  that,  for value  received  Avondale  Capital  Partners Inc. Or
registered  assigns  ("Warrantholder")  is entitled to purchase  from  WAVERIDER
COMMUNICATIONS INC., a Nevada corporation ("Company"), at any time from the date
of issuance and during the period (the "Exercise  Period")  expiring on December
8th, 2005 (the "Expiration  Date"),  unless extended,  the number of fully paid,
nonassessable  shares shown above of the Company's common stock. $.001 par value
(the "Common  Shares"),  in the manner  stated below,  at the purchase  price of
US$3.05 (three dollars five cents) per Common Share (the "Exercise Price").

          EXERCISE. Subject to the provisions of the Warrant Terms, this Class M
Warrant may be  exercised  in whole or in part at any time  during the  Exercise
Period for a whole number of shares,  by  surrendering it with the Exercise Form
on the  reverse  side duly  completed  at the  offices  of the  Company,  or any
successor,  and by paying in full the Exercise Price for all Common Shares being
purchased,  together  with  all  transfer  fees and  transfer  taxes  and  other
governmental  charges due, if any.  Payment shall be made in lawful money of the
United States of America, in cash or by bank check,  cashier's check,  certified
check,  or  postal or  express  money  order  made  payable  to the order of the
Company. Upon partial exercise hereof, a new Class M Warrant of like tenor shall
be issued to the registered holder hereof evidencing the number of Common Shares
not purchased.  No fractional shares or scrip certificate  evidencing fractional
shares will be issued upon exercise hereof, nor will any cash be paid in lieu of
any fractional share not issued.

         ASSIGNMENT.  This Class M Warrant may be assigned or transferred by the
registered  holder or by attorney  duly  authorized  in writing,  in whole or in
part, at the offices of the Company with the Assignment Form on the reverse side
duly completed, upon payment of the applicable transfer fee and any transfer tax
or other governmental charges due, if any. Upon any such assignment or transfer,
a new Class M Warrant Certificate or certificates of like tenor and representing
in the aggregate the right to purchase a like number of Common  Shares,  subject
to any adjustments  made in accordance with the provisions of the Warrant Terms,
will be issued in accordance with the registered holder's lawful instructions.

         EXCHANGE. This Class M Warrant Certificate may at any time be exchanged
for one or more Class M warrant  Certificates of like tenor and  representing in
the aggregate the right to purchase a like number of Common  Shares,  subject to
any  adjustments  made in accordance  with the  provisions of the Warrant Terms,
upon presentation therefor at the offices of the Company and upon payment of the
requisite fees.

         TRANSFER AND ASSIGNMENT FEES. Whenever this Class M Warrant Certificate
is exercised for Common Shares, is assigned or transferred,  or is exchanged for
one or more like  certificates,  there shall be paid to the Company  therewith a
fee for every Class M Warrant  Certificate  or Common  Share  certificate  to be
issued, in accordance with the Company's fee schedule.


<PAGE>

         ADJUSTMENTS.  Under the Warrant Terms, the Exercise Price is subject to
adjustment if the Company effects any stock split or combination  (reverse stock
split) or  recapitalization  with  respect to the  Common  Shares and in certain
other  circumstances.  Any adjustment of the Exercise Price probably will result
in a  corresponding  adjustment  of the  number  of  Common  Shares  purchasable
hereunder. Further, the Exercise Price may be reduced, irrespective of whether a
stock split,  combination  or other  adjustment is effected,  and the Expiration
Date may be  extended  one or more time,  from time to time,  for an  indefinite
period at the Company's discretion upon giving at least two days' notice thereof
to registered holders of the Class M Warrants.

         STATUS OF HOLDER.  The Company may deem and treat the registered holder
of this  Class M  Warrant  Certificate  as the  absolute  owner  hereof  for all
purposes, notwithstanding any notation of ownership or other writing made hereon
by any  person,  and the  Company  shall not be  affected  by any  notice to the
contrary.  No  registered  holder of Class M Warrants,  as such,  shall have any
rights as a  shareholder  of the  Company,  either at law or at equity,  and the
rights of each such registered  holder,  as such, are limited to those expressly
provided in the Warrant Terms and this Certificate.

         WITNESS the facsimile seal of the Company and the facsimile  signatures
of its duly authorized officers.

DATED:  December 8, 2000                WAVERIDER COMMUNICATIONS INC.



                                        ------------------------------------
                                        Assistant Secretary



<PAGE>



The following  abbreviations,  when used in the  inscription on the face of this
certificate,  shall  be  construed  as  though  they  were  written  out in full
according to applicable laws or regulations:

TEN COM - as tenants in common                UNIFORM GIFTS TO MINORS ACT
TEN ENT - as tenants by the  entireties
JT TEN - as joint tenants with right of       ____________Custodian____________
         survivorship and not as tenants      ( Custodian)           (Minor)
         in common and not as community    under the Uniform Gifts of Minors Act
         property                          of  the State of____________________


EXERCISE

         I or we hereby  irrevocably  elect to  exercise  the right of  purchase
represented by this  certificate to purchase ______ Common Shares of the Company
and  hereby  make  payment  of  _______________   (number  of  shares  purchased
multiplied by US$3.05) payable to the order of WAVERIDER  COMMUNICATIONS INC. in
payment of the exercise price for such shares, and request that certificates for
the Common Shares shall be issued in the name of:

Please insert social security or EIN number  (Insert name address, including zip
or other identifying number: ______________  code):_____________________________

                                                   _____________________________


And, if such number of Common Shares shall not be all of the shares  purchasable
hereunder,  that a new Class M Warrant Certificate or like tenor for the balance
of the  remaining  Common  Shares  purchasable  hereunder  be  delivered  to the
undersigned at the address above.

The undersigned agrees not to offer, sell,  transfer or otherwise dispose of any
Common  Stock  obtained on exercise of the Warrant,  except under  circumstances
that will not result in a violation of the  Securities  Act of 1933, as amended,
or any state securities laws.

IMPORTANT:  The name of the person  exercising this warrant must correspond with
the name of the  Warrantholder  written on the face of this Certificate in every
particular,  without  alteration  or any  change  whatever,  unless  it has been
assigned by completing the Assignment form below.

DATED:  __________________ 20___       X_______________________________________
                                        Signature of Registered Holder

                                       X_______________________________________
                                        Signature of Registered Holder

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto:

Please insert social security or EIN number  (Insert name address, including zip
or other identifying number: ______________  code):_____________________________

                                                   _____________________________


The right to purchase  _____________  Common Shares of the Company  evidenced by
this Class M Warrant,  and does hereby  irrevocably  constitute  and appoint any
officer of the Company or its transfer agent and registrar as lawful Attorney to
transfer such right on the books of the Company with full power of  substitution
in the premises.

The undersigned agrees not to offer, sell,  transfer or otherwise dispose of any
Common  Stock  obtained on exercise of the Warrant,  except under  circumstances
that will not result in a violation of the  Securities  Act of 1933, as amended,
or any state securities laws.

DATED:  __________________ 20___       X_______________________________________
                                        Signature of Registered Holder

                                       X_______________________________________
                                        Signature of Registered Holder

IMPORTANT:  Every registered owner of this Certificate must sign it to assign or
otherwise  transfer  Class M Warrants.  The above  signature or signatures  must
correspond  with the name or names  written on the face of this  Certificate  in
every particular,  without alteration,  enlargement or any change whatever. Each
signature should be "medallion"  guaranteed by an eligible guarantor institution
(Banks,  Stockbrokers,  Savings and Loan  Associations  and Credit  Unions) with
membership in an approved signature guarantee Medallion Program pursuant to Rule
17Ad-15 of the Securities and Exchange Commission.

SIGNATURE GUARANTEE: