<PAGE>

                                                                   EXHIBIT 10.24


                   EQUITY LINE REGISTRATION RIGHTS AGREEMENT
                   -----------------------------------------

                  REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as of
April 9, 2002, by and between JAG Media Holdings, Inc., a Nevada corporation
(the "Company"), Cornell Capital Partners, LP, a Delaware limited partnership
("Investor") and Westrock Advisors, Inc., a New York corporation ("Placement
Agent").

                  This Agreement is made pursuant to the Equity Line Purchase
Agreement, dated as of the date hereof, by and between the Company and the
Investor (the "Purchase Agreement").

                  The Company and the Investor hereby agree as follows:

         1.       Definitions.
                  ------------

                  Capitalized terms used and not otherwise defined herein that
are defined in the Purchase Agreement shall have the meanings given such terms
in the Purchase Agreement. As used in this Agreement, the following terms shall
have the following meanings:

                  "Advice" has the meaning ascribed to it in Section 6(d) of
this Agreement.

                  "Affiliate" shall have the meaning set forth in the Purchase
Agreement.

                  "Business Day" shall have the meaning set forth in the
Purchase Agreement.

                  "Commission" means the Securities and Exchange Commission.

                  "Commitment Period" shall have the meaning set forth in the
Purchase Agreement.

                  "Common Stock" shall have the meaning set forth in the
Purchase Agreement.

                  "Company" has the meaning set forth in the introduction to
this Agreement.

                  "Effectiveness Date" means, with respect to the initial
Registration Statement required to be filed hereunder, the ninetieth (90th) day
following the date of this Agreement and, with respect to any additional
Registration Statements which may be required pursuant to Section 3(c), the
ninetieth (90th) day following the date that notice of the requirement to file
such additional Registration Statement is provided.

                  "Effectiveness Period" shall have the meaning set forth in
Section 2(a).

                  "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

                  "Filing Date" means the thirtieth (30th) day following the
date of this Agreement and, with respect to any additional Registration
Statements which may be required pursuant to Section 3(c), the thirtieth (30th)
day following the date that notice of the requirement to file such additional
Registration Statement is provided.

                  "Holder" or "Holders" means the holder or holders, as the case
may be, from time to time of Registrable Securities.

                  "Indemnified Party" shall have the meaning set forth in
Section 5(c).

                  "Indemnifying Party" shall have the meaning set forth in
Section 5(c).

                  "Investor" has the meaning set forth in the introduction to
this Agreement.


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                  "Losses" shall have the meaning set forth in Section 5(a).

                  "Person" means an individual or a corporation, partnership,
trust, incorporated or unincorporated association, joint venture, limited
liability company, joint stock company, government (or an agency or political
subdivision thereof) or other entity of any kind.

                  "Placement Agent Fee Shares" has the meaning set forth in the
Purchase Agreement.

                  "Proceeding" means an action, claim, suit, investigation or
proceeding (including, without limitation, an investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

                  "Prospectus" means the prospectus included in the Registration
Statement (including, without limitation, a prospectus that includes any
information previously omitted from a prospectus filed as part of an effective
registration statement in reliance upon Rule 430A promulgated under the
Securities Act), as amended or supplemented by any prospectus supplement, with
respect to the terms of the offering of any portion of the Registrable
Securities covered by the Registration Statement, and all other amendments and
supplements to the Prospectus, including post-effective amendments, and all
material incorporated by reference or deemed to be incorporated by reference in
such Prospectus.

                  "Put" has the meaning set forth in the Purchase Agreement.

                  "Put Shares" has the meaning set forth in the Purchase
Agreement.

                  "Registrable Securities" shall include all Put Shares and, for
purposes of Section 6(e) hereof only (Piggy-Back Registrations), shall also
include the Placement Agent Fee Shares.

                  "Registration Statement" means the registration statement and
any additional registration statements contemplated by Section 3(c), including
(in each case) the Prospectus, amendments and supplements to such registration
statement or Prospectus, including pre- and post-effective amendments, all
exhibits thereto, and all material incorporated by reference or deemed to be
incorporated by reference in such registration statement.

                  "Rule 144" means Rule 144 promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission having
substantially the same effect as such Rule.

                  "Rule 415" means Rule 415 promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission having
substantially the same effect as such Rule.

                  "Rule 424" means Rule 424 promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission having
substantially the same effect as such Rule.

                  "Securities Act" means the Securities Act of 1933, as amended,
and the rules and regulations promulgated thereunder.

                  "Special Counsel" means one special counsel to the Holders,
for which the Holders will be reimbursed by the Company pursuant to Section 4.

         2.       Registration.
                  -------------

                  (a)      On or prior to each Filing Date, the Company shall
         prepare and file with the Commission a Registration Statement covering
         the sale of all Registrable Securities for an offering to be made on a
         continuous basis pursuant to Rule 415. The Company shall use its best
         efforts to cause the Registration Statement to be declared effective
         under the Securities Act as promptly as possible after the filing
         thereof, but in any event prior to the Effectiveness Date, and shall
         use its best efforts to keep such Registration Statement continuously
         effective under the Securities Act until the date which is the earlier
         of (i) the date on which all shares of Common Stock issuable under the
         Purchase Agreement are sold by the Investor and (ii) six months after
         the expiration of the Commitment Period (the "Effectiveness Period").


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                  (b)      The initial Registration Statement required to be
         filed hereunder shall include a number of shares of Common Stock which
         shall not be less than 10,000,000.

         3.       Registration Procedures.
                  ------------------------

                  In connection with the Company's registration obligations
hereunder, the Company shall:

                  (a)      Not less than three Business Days prior to the filing
         of each Registration Statement or any related Prospectus or any
         amendment or supplement thereto (including any document that would be
         incorporated or deemed to be incorporated therein by reference),
         furnish to the Holders and their Special Counsel copies of all such
         documents proposed to be filed, which documents (other than those
         incorporated or deemed to be incorporated by reference) will be subject
         to the review of such Holders and their Special Counsel which will
         provide the Company with any comments thereto in a reasonably prompt
         manner.

                  (b)      (i) Prepare and file with the Commission such
         amendments, including post-effective amendments, to each Registration
         Statement and the Prospectus used in connection therewith as may be
         necessary to keep the Registration Statement continuously effective as
         to the applicable Registrable Securities for the Effectiveness Period
         and prepare and file with the Commission such additional Registration
         Statements in order to register for resale under the Securities Act all
         of the Registrable Securities; (ii) cause the related Prospectus to be
         amended or supplemented by any required Prospectus supplement, and as
         so supplemented or amended to be filed pursuant to Rule 424; (iii)
         respond as promptly as reasonably possible, and in any event within ten
         days, to any comments received from the Commission with respect to the
         Registration Statement or any amendment thereto and as promptly as
         reasonably possible provide the Holders true and complete copies of all
         correspondence from and to the Commission relating to the Registration
         Statement; and (iv) comply in all material respects with the provisions
         of the Securities Act and the Exchange Act with respect to the
         disposition of all Registrable Securities covered by the Registration
         Statement during the applicable period in accordance with the intended
         methods of disposition by the Holders thereof set forth in the
         Registration Statement as so amended or in such Prospectus as so
         supplemented.

                  (c)      Notify the Holders of Registrable Securities to be
         sold and their Special Counsel as promptly as reasonably possible (and,
         in the case of (i)(A) below, not less than five Business Days prior to
         such filing) and (if requested by any such Person) confirm such notice
         in writing no later than one Business Day following the day (i)(A) when
         a Prospectus or any Prospectus supplement or post-effective amendment
         to the Registration Statement is proposed to be filed; (B) when the
         Commission notifies the Company whether there will be a "review" of
         such Registration Statement and whenever the Commission comments in
         writing on such Registration Statement (the Company shall provide true
         and complete copies thereof and all written responses thereto to each
         of the Holders); and (C) with respect to the Registration Statement or
         any post-effective amendment, when the same has become effective; (ii)
         of any request by the Commission or any other Federal or state
         governmental authority for amendments or supplements to the
         Registration Statement or Prospectus or for additional information;
         (iii) of the issuance by the Commission of any stop order suspending
         the effectiveness of the Registration Statement covering any or all of
         the Registrable Securities or the initiation of any Proceedings for
         that purpose; (iv) if at any time any of the representations and
         warranties of the Company contained in any Transaction Document (as
         defined in the Purchase Agreement) or other agreement contemplated
         hereby ceases to be true and correct in all material respects; (v) of
         the receipt by the Company of any notification with respect to the
         suspension of the qualification or exemption from qualification of any
         of the Registrable Securities for sale in any jurisdiction, or the
         initiation or threatening of any Proceeding for such purpose; and (vi)
         of the occurrence of any event or passage of time that makes the
         financial statements included in the Registration Statement ineligible
         for inclusion therein or any statement made in the Registration
         Statement or Prospectus or any document incorporated or deemed to be
         incorporated therein by reference untrue in any material respect or
         that requires any revisions to the Registration Statement, Prospectus
         or other documents so that, in the case of the Registration Statement
         or the Prospectus, as the case may be, it will not contain any untrue
         statement of a material fact or omit to state any material fact
         required to be stated therein or necessary to make the statements
         therein, in light of the circumstances under which they were made, not
         misleading.


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                  (d)      Furnish to each Holder and their Special Counsel,
         without charge, at least one conformed copy of each Registration
         Statement and each amendment thereto, including financial statements
         and schedules, all documents incorporated or deemed to be incorporated
         therein by reference, and all exhibits to the extent requested by such
         Person (including those previously furnished or incorporated by
         reference) promptly after the filing of such documents with the
         Commission.

                  (e)      Promptly deliver to each Holder and their Special
         Counsel, without charge, as many copies of the Prospectus or
         Prospectuses (including each form of prospectus) and each amendment or
         supplement thereto as such Persons may reasonably request. The Company
         hereby consents to the use of such Prospectus and each amendment or
         supplement thereto by each of the selling Holders in connection with
         the offering and sale of the Registrable Securities covered by such
         Prospectus and any amendment or supplement thereto.

                  (f)      Prior to any public offering of Registrable
         Securities, use its best efforts to register or qualify or cooperate
         with the selling Holders and their Special Counsel in connection with
         the registration or qualification (or exemption from such registration
         or qualification) of such Registrable Securities for offer and sale
         under the securities or Blue Sky laws of such jurisdictions within the
         United States as any Holder requests in writing, to keep each such
         registration or qualification (or exemption therefrom) effective during
         the Effectiveness Period and to do any and all other acts or things
         necessary or advisable to enable the disposition in such jurisdictions
         of the Registrable Securities covered by a Registration Statement;
         provided, that the Company shall not be required to qualify generally
         to do business in any jurisdiction where it is not then so qualified or
         subject the Company to any material tax in any such jurisdiction where
         it is not then so subject.

                  (g)      Upon the occurrence of any event contemplated by
         Section 3(c)(vi), as promptly as reasonably possible, prepare a
         supplement or amendment, including a post-effective amendment, to the
         Registration Statement or a supplement to the related Prospectus or any
         document incorporated or deemed to be incorporated therein by
         reference, and file any other required document so that, as thereafter
         delivered, neither the Registration Statement nor such Prospectus will
         contain an untrue statement of a material fact or omit to state a
         material fact required to be stated therein or necessary to make the
         statements therein, in light of the circumstances under which they were
         made, not misleading.

                  (h)      Comply with all applicable rules and regulations of
         the Commission.

         4. Registration Expenses. All fees and expenses incident to the
performance of or compliance with this Agreement by the Company shall be borne
by the Company whether or not any Registrable Securities are sold pursuant to
the Registration Statement. The fees and expenses referred to in the foregoing
sentence shall include, without limitation, (i) all registration and filing fees
(including, without limitation, fees and expenses (A) with respect to filings
required to be made with any stock market or trading facility on which the
Common Stock is then listed for trading, and (B) in compliance with applicable
state securities or Blue Sky laws (including, without limitation, fees and
disbursements of counsel for the Holders in connection with Blue Sky
qualifications or exemptions of the Registrable Securities and determination of
the eligibility of the Registrable Securities for investment under the laws of
such jurisdictions as the Holders of a majority of Registrable Securities may
designate)), (ii) printing expenses (including, without limitation, expenses of
printing certificates for Registrable Securities and of printing prospectuses if
the printing of prospectuses is requested by the holders of a majority of the
Registrable Securities included in the Registration Statement), (iii) messenger,
telephone and delivery expenses, (iv) fees and disbursements of counsel for the
Company and Special Counsel for the Holders, (v) Securities Act liability
insurance, if the Company so desires such insurance, and (vi) fees and expenses
of all other Persons retained by the Company in connection with the consummation
of the transactions contemplated by this Agreement. In addition, the Company
shall be responsible for all of its internal expenses incurred in connection
with the consummation of the transactions contemplated by this Agreement
(including, without limitation, all salaries and expenses of its officers and
employees performing legal or accounting duties), the expense of any annual
audit and the fees and expenses incurred in connection with the listing of the
Registrable Securities on any securities exchange as required hereunder.


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         5.       Indemnification.
                  ----------------

                  (a)      Indemnification by the Company. The Company shall,
         notwithstanding any termination of this Agreement, indemnify and hold
         harmless each Holder, the officers, directors, agents, brokers
         (including brokers who offer and sell Registrable Securities as
         principal as a result of a pledge or any failure to perform under a
         margin call of Common Stock), investment advisors and employees of each
         of them, each Person who controls any such Holder (within the meaning
         of Section 15 of the Securities Act or Section 20 of the Exchange Act)
         and the officers, directors, agents and employees of each such
         controlling Person, to the fullest extent permitted by applicable law,
         from and against any and all losses, claims, damages, liabilities,
         costs (including, without limitation, costs of preparation and
         attorneys' fees) and expenses (collectively, "Losses"), as incurred,
         arising out of or relating to any untrue or alleged untrue statement of
         a material fact contained in the Registration Statement, any Prospectus
         or any form of prospectus or in any amendment or supplement thereto or
         in any preliminary prospectus, or arising out of or relating to any
         omission or alleged omission of a material fact required to be stated
         therein or necessary to make the statements therein (in the case of any
         Prospectus or form of prospectus or supplement thereto, in light of the
         circumstances under which they were made) not misleading, except to the
         extent, but only to the extent, that (1) such untrue statements or
         omissions are based solely upon information regarding such Holder
         furnished in writing to the Company by such Holder expressly for use
         therein, or to the extent that such information relates to such Holder
         or such Holder's proposed method of distribution of Registrable
         Securities and was reviewed and expressly approved in writing by such
         Holder expressly for use in the Registration Statement, such Prospectus
         or such form of Prospectus or in any amendment or supplement thereto or
         (2) in the case of an occurrence of an event of the type specified in
         Section 3(c)(ii)-(vi), the use by such Holder of an outdated or
         defective Prospectus after the Company has notified such Holder in
         writing that the Prospectus is outdated or defective and prior to the
         receipt by such Holder of the Advice contemplated in Section 6(e). The
         Company shall notify the Holders promptly of the institution, threat or
         assertion of any Proceeding of which the Company is aware in connection
         with the transactions contemplated by this Agreement.

                  (b)      Indemnification by Holders. Each Holder shall,
         severally and not jointly, indemnify and hold harmless the Company, its
         directors, officers, agents and employees, each Person who controls the
         Company (within the meaning of Section 15 of the Securities Act and
         Section 20 of the Exchange Act), and the directors, officers, agents or
         employees of such controlling Persons, to the fullest extent permitted
         by applicable law, from and against all Losses (as determined by a
         court of competent jurisdiction in a final judgment not subject to
         appeal or review) arising solely out of or based solely upon any untrue
         statement of a material fact contained in any Registration Statement,
         any Prospectus, or any form of prospectus, or in any amendment or
         supplement thereto, or arising solely out of or based solely upon any
         omission of a material fact required to be stated therein or necessary
         to make the statements therein not misleading to the extent, but only
         to the extent, that such untrue statement or omission is contained in
         any information so furnished in writing by such Holder to the Company
         specifically for inclusion in such Registration Statement or such
         Prospectus or to the extent that (1) such untrue statements or
         omissions are based solely upon information regarding such Holder
         furnished in writing to the Company by such Holder expressly for use
         therein, or to the extent that such information relates to such Holder
         or such Holder's proposed method of distribution of Registrable
         Securities and was reviewed and expressly approved in writing by such
         Holder expressly for use in the Registration Statement, such Prospectus
         or such form of Prospectus or in any amendment or supplement thereto or
         (2) in the case of an occurrence of an event of the type specified in
         Section 3(c)(ii)-(vi), the use by such Holder of an outdated or
         defective Prospectus after the Company has notified such Holder in
         writing that the Prospectus is outdated or defective and prior to the
         receipt by such Holder of the Advice contemplated in Section 6(e). In
         no event shall the liability of any selling Holder hereunder be greater
         in amount than the dollar amount of the net proceeds received by such
         Holder upon the sale of the Registrable Securities giving rise to such
         indemnification obligation..

                  (c)      Conduct of Indemnification Proceedings. If any
         Proceeding shall be brought or asserted against any Person entitled to
         indemnity hereunder (an "Indemnified Party"), such Indemnified Party
         shall promptly notify the Person from whom indemnity is sought (the
         "Indemnifying Party") in writing, and the Indemnifying Party shall
         assume the defense thereof, including the employment of counsel
         reasonably satisfactory to the Indemnified Party and the payment of all
         fees and expenses incurred in connection with defense thereof;
         provided, that the failure of any Indemnified Party to give such notice
         shall not relieve the Indemnifying Party of its obligations or
         liabilities pursuant to this Agreement, except (and only) to the extent
         that it shall be finally determined by a court of competent
         jurisdiction (which determination is not subject to appeal or further
         review) that such failure shall have proximately and materially
         adversely prejudiced the Indemnifying Party.


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<PAGE>

                  An Indemnified Party shall have the right to employ separate
counsel in any such Proceeding and to participate in the defense thereof, but
the fees and expenses of such counsel shall be at the expense of such
Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in
writing to pay such fees and expenses; or (2) the Indemnifying Party shall have
failed promptly to assume the defense of such Proceeding and to employ counsel
reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3)
the named parties to any such Proceeding (including any impleaded parties)
include both such Indemnified Party and the Indemnifying Party, and such
Indemnified Party shall have been advised by counsel that a conflict of interest
is likely to exist if the same counsel were to represent such Indemnified Party
and the Indemnifying Party (in which case, if such Indemnified Party notifies
the Indemnifying Party in writing that it elects to employ separate counsel at
the expense of the Indemnifying Party, the Indemnifying Party shall not have the
right to assume the defense thereof and such counsel shall be at the expense of
the Indemnifying Party). The Indemnifying Party shall not be liable for any
settlement of any such Proceeding effected without its written consent, which
consent shall not be unreasonably withheld. No Indemnifying Party shall, without
the prior written consent of the Indemnified Party, effect any settlement of any
pending Proceeding in respect of which any Indemnified Party is a party, unless
such settlement includes an unconditional release of such Indemnified Party from
all liability on claims that are the subject matter of such Proceeding.

                  All fees and expenses of the Indemnified Party (including
reasonable fees and expenses to the extent incurred in connection with
investigating or preparing to defend such Proceeding in a manner not
inconsistent with this Section) shall be paid to the Indemnified Party, as
incurred, within ten Business Days of written notice thereof to the Indemnifying
Party (regardless of whether it is ultimately determined that an Indemnified
Party is not entitled to indemnification hereunder; provided, that the
Indemnifying Party may require such Indemnified Party to undertake to reimburse
all such fees and expenses to the extent it is finally judicially determined
that such Indemnified Party is not entitled to indemnification hereunder).

                  (d)      Contribution. If a claim for indemnification under
         Section 5(a) or 5(b) is unavailable to an Indemnified Party (by reason
         of public policy or otherwise), then each Indemnifying Party, in lieu
         of indemnifying such Indemnified Party, shall contribute to the amount
         paid or payable by such Indemnified Party as a result of such Losses,
         in such proportion as is appropriate to reflect the relative fault of
         the Indemnifying Party and Indemnified Party in connection with the
         actions, statements or omissions that resulted in such Losses as well
         as any other relevant equitable considerations. The relative fault of
         such Indemnifying Party and Indemnified Party shall be determined by
         reference to, among other things, whether any action in question,
         including any untrue or alleged untrue statement of a material fact or
         omission or alleged omission of a material fact, has been taken or made
         by, or relates to information supplied by, such Indemnifying Party or
         Indemnified Party, and the parties' relative intent, knowledge, access
         to information and opportunity to correct or prevent such action,
         statement or omission. The amount paid or payable by a party as a
         result of any Losses shall be deemed to include, subject to the
         limitations set forth in Section 5(c), any reasonable attorneys' or
         other reasonable fees or expenses incurred by such party in connection
         with any Proceeding to the extent such party would have been
         indemnified for such fees or expenses if the indemnification provided
         for in this Section was available to such party in accordance with its
         terms.

                  The parties hereto agree that it would not be just and
equitable if contribution pursuant to this Section 5(d) were determined by pro
rata allocation or by any other method of allocation that does not take into
account the equitable considerations referred to in the immediately preceding
paragraph. Notwithstanding the provisions of this Section 5(d), no Holder shall
be required to contribute, in the aggregate, any amount in excess of the amount
by which the proceeds actually received by such Holder from the sale of the
Registrable Securities subject to the Proceeding exceeds the amount of any
damages that such Holder has otherwise been required to pay by reason of such
untrue or alleged untrue statement or omission or alleged omission.

                  The indemnity and contribution agreements contained in this
Section are in addition to any liability that the Indemnifying Parties may have
to the Indemnified Parties.


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<PAGE>

         6.       Miscellaneous.
                  --------------

                  (a)      Remedies. In the event of a breach by the Company or
         by a Holder, of any of their obligations under this Agreement, each
         Holder or the Company, as the case may be, in addition to being
         entitled to exercise all rights granted by law and under this
         Agreement, including recovery of damages, will be entitled to specific
         performance of its rights under this Agreement. The Company and each
         Holder agree that monetary damages would not provide adequate
         compensation for any losses incurred by reason of a breach by it of any
         of the provisions of this Agreement and hereby further agrees that, in
         the event of any action for specific performance in respect of such
         breach, it shall waive the defense that a remedy at law would be
         adequate.

                  (b)      No Inconsistent Agreements. Neither the Company nor
         any of its subsidiaries has entered, as of the date hereof, nor shall
         the Company or any of its subsidiaries, on or after the date of this
         Agreement, enter into any agreement with respect to its securities that
         is inconsistent with the rights granted to the Holders in this
         Agreement or otherwise conflicts with the provisions hereof.

                  (c)      Compliance. Each Holder covenants and agrees that it
         will comply with the prospectus delivery requirements of the Securities
         Act as applicable to it in connection with sales of Registrable
         Securities pursuant to the Registration Statement.

                  (d)      Discontinued Disposition. Each Holder agrees by its
         acquisition of such Registrable Securities that, upon receipt of a
         notice from the Company of the occurrence of any event of the kind
         described in Sections 3(c)(ii), 3(c)(iii), 3(c)(iv), 3(c)(v) or
         3(c)(vi), such Holder will forthwith discontinue disposition of such
         Registrable Securities under the Registration Statement until such
         Holder's receipt of the copies of the supplemented Prospectus and/or
         amended Registration Statement contemplated by Section 3(h), or until
         it is advised in writing (the "Advice") by the Company that the use of
         the applicable Prospectus may be resumed, and, in either case, has
         received copies of any additional or supplemental filings that are
         incorporated or deemed to be incorporated by reference in such
         Prospectus or Registration Statement. The Company may provide
         appropriate stop orders to enforce the provisions of this paragraph.

                  (e)      Piggy-Back Registrations. If at any time during the
         Effectiveness Period there is not an effective Registration Statement
         covering all of the Registrable Securities and the Company shall
         determine to prepare and file with the Commission a registration
         statement relating to an offering for its own account or the account of
         others under the Securities Act of any of its equity securities, other
         than on Form S-4 or Form S-8 (each as promulgated under the Securities
         Act) or their then equivalents relating to equity securities to be
         issued solely in connection with any acquisition of any entity or
         business or equity securities issuable in connection with stock option
         or other employee benefit plans, the Company shall send to each Holder
         written notice of such determination and, if within fifteen (15) days
         after receipt of such notice, any such Holder shall so request in
         writing, the Company shall include in such registration statement all
         or any part of such Registrable Securities such holder requests to be
         registered.

                  (f)      Amendments and Waivers. The provisions of this
         Agreement, including the provisions of this sentence, may not be
         amended, modified or supplemented, and waivers or consents to
         departures from the provisions hereof may not be given, unless the same
         shall be in writing and signed by the Company and the Holders.

                  (g)      Notices. Any and all notices or other communications
         or deliveries required or permitted to be provided hereunder shall be
         in writing and shall be deemed given and effective on the earliest of
         (i) the date of transmission, if such notice or communication is
         delivered via facsimile at the facsimile telephone number specified in
         this Section prior to 6:30 p.m. (New York City time) on a Business Day,
         (ii) the Business Day after the date of transmission, if such notice or
         communication is delivered via facsimile at the facsimile telephone
         number specified in the Purchase Agreement later than 6:30 p.m. (New
         York City time) on any date and earlier than 11:59 p.m. (New York City
         time) on such date, (iii) the Business Day following the date of
         mailing, if sent by nationally recognized overnight courier service, or
         (iv) upon actual receipt by the party to whom such notice is required
         to be given. The address for such notices and communications shall be
         as follows:

         ---------------------------------------------------------------------
         If to the Company:                 JAG Media Holdings, Inc.
                                            6865 S.W. 18th Street, Suite B13
                                            Boca Raton, FL  33433
                                            Facsimile:  (561) 393-6018
                                            Attn: Executive Vice President
         ---------------------------------------------------------------------


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<PAGE>

         ---------------------------------------------------------------------
         With copies to:                    Morgan, Lewis & Bockius LLP
                                            101 Park Avenue
                                            New York, NY 10178
                                            Facsimile: (212) 309-6273
                                            Attn.: W. Preston Tollinger, Esq.
         ---------------------------------------------------------------------
         If to the Investor:                To the address set forth under
                                            such Investor's name on the
                                            signature pages hereto.
         ---------------------------------------------------------------------
         With copies to:                    Butler Gonzalez LLP
                                            1000 Stuyvesant Avenue - Suite #6
                                            Union, NJ 07083
                                            Facsimile: (908)  810-0973
                                            Attn: David Gonzalez, Esq.
         ---------------------------------------------------------------------
         If to the Placement Agent:         To the address set forth under
                                            such Placement Agent's name on
                                            the signature pages hereto.
         ---------------------------------------------------------------------

If to any other Person who is then the registered Holder:

To the address of such Holder as it appears in the stock transfer books of the
Company or such other address as may be designated in writing hereafter, in the
same manner, by such Person.

                  (h)      Successors and Assigns. This Agreement shall inure to
         the benefit of and be binding upon the successors and permitted assigns
         of each of the parties and shall inure to the benefit of each Holder.
         The parties may not assign their respective rights or obligations
         hereunder without the prior written consent of each Holder.

                  (i)      Counterparts. This Agreement may be executed in any
         number of counterparts, each of which when so executed shall be deemed
         to be an original and, all of which taken together shall constitute one
         and the same Agreement. In the event that any signature is delivered by
         facsimile transmission, such signature shall create a valid binding
         obligation of the party executing (or on whose behalf such signature is
         executed) the same with the same force and effect as if such facsimile
         signature were the original thereof.

                  (j)      Governing Law. All questions concerning the
         construction, validity, enforcement and interpretation of this
         Agreement shall be governed by and construed and enforced in accordance
         with the internal laws of the State of New York, without regard to the
         principles of conflicts of law thereof. Each party agrees that all
         legal proceedings concerning the interpretations, enforcement and
         defense of the transactions contemplated by this Agreement (whether
         brought against a party hereto or its respective Affiliates, directors,
         officers, shareholders, employees or agents) shall be commenced in the
         state and federal courts sitting in the City of New York, Borough of
         Manhattan (the "New York Courts"). Each party hereto hereby irrevocably
         submits to the exclusive jurisdiction of the New York Courts for the
         adjudication of any dispute hereunder or in connection herewith or with
         any transaction contemplated hereby or discussed herein (including with
         respect to the enforcement of this Agreement). Nothing contained herein
         shall be deemed to limit in any way any right to serve process in any
         manner permitted by law.

                  (k)      Cumulative Remedies. The remedies provided herein are
         cumulative and not exclusive of any remedies provided by law.


                                       8
<PAGE>

                  (l)      Severability. If any term, provision, covenant or
         restriction of this Agreement is held by a court of competent
         jurisdiction to be invalid, illegal, void or unenforceable, the
         remainder of the terms, provisions, covenants and restrictions set
         forth herein shall remain in full force and effect and shall in no way
         be affected, impaired or invalidated, and the parties hereto shall use
         their reasonable efforts to find and employ an alternative means to
         achieve the same or substantially the same result as that contemplated
         by such term, provision, covenant or restriction. It is hereby
         stipulated and declared to be the intention of the parties that they
         would have executed the remaining terms, provisions, covenants and
         restrictions without including any of such that may be hereafter
         declared invalid, illegal, void or unenforceable.

                  (m)      Headings. The headings in this Agreement are for
         convenience of reference only and shall not limit or otherwise affect
         the meaning hereof.

                  (n)      Independent Nature of Holders' Obligations and
         Rights. The obligations of each Holder hereunder is several and not
         joint with the obligations of any other Holder hereunder, and no Holder
         shall be responsible in any way for the performance of the obligations
         of any other Holder hereunder. Nothing contained herein or in any other
         agreement or document delivered at any closing, and no action taken by
         any Holder pursuant hereto or thereto, shall be deemed to constitute
         the Holder as a partnership, an association, a joint venture or any
         other kind of entity, or create a presumption that the Holder are in
         any way acting in concert with respect to such obligations or the
         transactions contemplated by this Agreement. Each Holder shall be
         entitled to protect and enforce its rights, including without
         limitation the rights arising out of this Agreement, and it shall not
         be necessary for any other Investor to be joined as an additional party
         in any proceeding for such purpose.







     [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES TO FOLLOW]


                                       9
<PAGE>

                  IN WITNESS WHEREOF, the parties have executed this
Registration Rights Agreement as of the date first written above.


                                             JAGNOTES.COM INC.




                                             By: /s/ Thomas J. Mazzarisi
                                                --------------------------------
                                             Name:   Thomas J. Mazzarisi
                                             Title:  Executive Vice President

                                             CORNELL CAPITAL PARTNERS, LP
                                             By:  Yorkville Advisors, LLC
                                             Its: General Partner

                                             By: /s/ Mark A. Angelo
                                                --------------------------------
                                             Name:   Mark A. Angelo
                                             Title:  Portfolio Manager

                                             Address for Notice:
                                             Cornell Capital Partners, LP
                                             101 Hudson Street--Suite 3606
                                             Jersey City, New Jersey 07302
                                             Attention: Mark Angelo

                                             WESTROCK ADVISORS, INC.



                                             By: /s/ Victor T. Sicuranza
                                                --------------------------------
                                             Name:  Victor T. Sicuranza
                                             Title: Managing Director

                                             Address for Notice:
                                             Westrock Advisors, Inc.
                                             230 Park Avenue--Floor 9
                                             New York, New York 10169