EXHIBIT 4.1

                            Form of WaveRider Warrant

                                                                Certificate # Q-

THE WARRANT EVIDENCED HEREBY, AND THE SECURITIES ISSUABLE HEREUNDER, HAVE BEEN
AND WILL BE ISSUED WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR THE APPLICABLE STATE SECURITIES LAWS. THE WARRANT AND SUCH
SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION
OR RESALE, AND SHALL NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS
THE PROPOSED DISPOSITION IS THE SUBJECT OF A CURRENTLY EFFECTIVE REGISTRATION
STATEMENT UNDER SAID ACT AND UNDER APPLICABLE STATE SECURITIES LAWS OR UNLESS
THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE REASONABLY
SATISFACTORY TO THE COMPANY, TO THE EFFECT THAT SUCH REGISTRATION IS NOT
REQUIRED UNDER SAID ACT AND SUCH STATE SECURITIES LAWS IN CONNECTION WITH SUCH
DISPOSITION.

                          WAVERIDER COMMUNICATIONS INC.

                          COMMON STOCK PURCHASE WARRANT

                        Original Issue Date: July 2, 2003
                            Void After: July 1, 2008
                                Series Q Warrant
                            This Warrant is Issued to

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

(hereinafter called the "Registered Holder," which term shall include its
successors and assigns) by WaveRider Communications Inc., a Nevada corporation
(hereinafter referred to as the "Company"). This Warrant may be transferred by
the Registered Holder only in accordance with the provisions of Sections 1.04
and 5 hereof.

1.         The Warrant.

         1.1 For value received and subject to the terms and conditions
hereinafter set forth, the Registered Holder is entitled, upon surrender of this
Warrant at any time on or prior to July 1, 2008 (with the subscription form
annexed hereto (the "Subscription Form") duly executed) at the office of the
Company at WaveRider Communications Inc., 255 Consumers Road, Suite 500,
Toronto, Canada, M2J 1R4, or such other office which the Company shall notify
the Registered Holder hereof in writing, to purchase from the Company, at the
purchase price hereinafter specified (as adjusted from time to time, the
"Exercise Price"), ________ shares (subject to adjustment as hereinafter set
forth) (as so adjusted from time to time, the "Number of Warrant Shares") of the
Common Stock, $.001 par value per share, of the Company (including any
securities that may be substituted for such Common Stock in accordance with
Section 1.06(C) of and any other applicable provisions of this Warrant "Common
Stock"). The initial Exercise Price shall be $0.41 per share.

         As promptly as practicable after surrender of this Warrant and receipt
of payment of the Exercise Price, the Company shall issue and deliver to the
Registered Holder a certificate or certificates for the shares purchased
hereunder, in certificates of such denominations and in such names as the
Registered Holder may specify, together with any other stock, securities or
property which such Registered Holder may be entitled to receive pursuant to
Section 1.06 hereof. Payment of the Exercise Price shall be made by check made
payable to the order of the Company or wire transfer of funds to a bank account
designated by the Company. Alternatively, the Registered Holder may elect to
exercise the rights represented by this Warrant in whole or in part (but not as
to fractional shares of Common Stock) by the surrender of this Warrant and
delivery of an executed Subscription Form specifying that the Warrant shall be
exercised, and the Exercise Price paid, by the Company's issuing to the
Registered Holder a number of shares of Common Stock computed using the
following formula:

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

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

           Y =  the number of shares of Common Stock issuable upon exercise of
                this Warrant on the date of delivery of the Subscription Form.

           A =  the current fair market value of one share of Common Stock.

           B =  Exercise Price.


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         As used herein, current fair market value of the Common Stock shall
mean the numerical average of the fair market value per share of Common Stock
over the 10 trading days immediately preceding the day on which the Subscription
Form is received by the Company. If the Common Stock is then traded on a
securities exchange, the Nasdaq National Market or the Nasdaq SmallCap Market,
"fair market value per share" on any given day shall be the closing price of a
share of Common Stock on that exchange, the Nasdaq National Market or the Nasdaq
SmallCap Market for that day, or if the Common Stock is then traded in an
over-the-counter market, "fair market value per share" on any given day shall be
the closing bid price for a share of Common Stock on such market for that day.
If at any time the Common Stock is not listed on any securities exchange or
quoted in the Nasdaq National Market or the Nasdaq SmallCap Market or the
over-the-counter market, the "current fair market value" of Common Stock shall
be the highest price per share which the Company could obtain from a willing
buyer (not a current employee or director) for shares of Common Stock sold by
the Company, from authorized but unissued shares, as determined in good faith by
the Board of Directors of the Company. Notwithstanding the foregoing, if the
Company shall engage in a "Transaction," as defined in Section 1.06(D) below,
the current fair market value of the Common Stock shall be determined with
reference to the value ascribed to the Company by the terms of the Transaction.

         1.2 During the period within which the rights represented by this
Warrant may be exercised, the Company shall at all times have authorized and
reserved for the purpose of issue upon exercise of the rights evidenced hereby,
a sufficient number of shares of the class of securities issuable upon exercise
of this Warrant to provide for the exercise of such rights. Upon surrender for
exercise, this Warrant shall be canceled and shall not be reissued; provided,
however, that upon the partial exercise hereof a substitute Warrant of like
tenor and date representing the rights to subscribe for and purchase any such
unexercised portion hereof shall be issued.

         1.3 This Warrant may be subdivided into one or more Warrants entitling
the Registered Holder to purchase shares of the class of securities issuable
upon exercise of this Warrant in multiples of one or more whole shares, upon
surrender of this Warrant by the Registered Holder for such purpose at the
office of the Company.

         1.4 The Company shall maintain at its office (or at such other office
or agency of the Company as it may from time to time designate in writing to the
Registered Holder hereof), a register containing the name and address of the
Registered Holder of this Warrant. The Registered Holder of this Warrant shall
be the person or entity in whose name this Warrant is originally issued and
registered, unless a subsequent holder shall have presented to the Company this
Warrant, duly assigned to such holder, for inspection and a written notice of
his acquisition of this Warrant and designating in writing the address of such
subsequent holder, in which case such subsequent holder of this Warrant shall
become the subsequent Registered Holder. Any Registered Holder of this Warrant
may change his address as shown on such register by written notice to the
Company requesting such change. Any written notice required or permitted to be
given to the Registered Holder of this Warrant by the Company or to the Company
by the Registered Holder shall be delivered by a nationally recognized air
courier service, to the Registered Holder at the address as shown on such
register or to the Company at the address shown in Section 1.01 of this Warrant,
and shall be deemed to have been given when received.

         1.5 The rights of the Registered Holder shall be subject to the
following terms and conditions. If the Company at any time or from time to time
after the issuance of this Warrant subdivides (by any stock split, stock
dividend, recapitalization or otherwise) the outstanding shares of the class of
securities issuable upon exercise hereof into a greater number of shares, the
Exercise Price in effect immediately before that subdivision shall be
proportionately decreased. If the Company at any time or from time to time after
the issuance of this Warrant combines (by reverse stock split or otherwise) the
outstanding shares of the class of securities issuable upon exercise hereof, the
Exercise Price in effect immediately before the combination shall be
proportionately increased. Any adjustment under this paragraph shall become
effective at the close of business on the date the subdivision or combination
becomes effective.


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         1.6 Whenever the Exercise Price is adjusted pursuant to Section 1.05,
the number of shares of the class of securities issuable upon exercise hereof
also shall be adjusted by multiplying the number of shares subject to this
Warrant immediately prior to the adjustment of the Exercise Price by a fraction
(x) the numerator of which is the Exercise Price immediately prior to the
adjustment and (y) the denominator of which is the adjusted Exercise Price.

                  (a) Adjustments for Certain Dividends and Distributions. In
the event that at any time or from time to time after the Original Issue Date
the Company shall make or issue, or fix a record date for the determination of
holders of the class of securities issuable upon exercise hereof, or any class
or series of securities into which the class of securities issuable upon
exercise hereof may be convertible, who are entitled to receive a dividend or
other distribution payable in securities of the Company, then and in each such
event, unless such dividend or distribution results in an adjustment of the
Exercise Price pursuant to Section 1.05, provision shall be made so that the
Registered Holder of this Warrant shall receive upon exercise hereof, in
addition to the securities receivable hereupon, the amount of securities of the
Company that he would have received had this Warrant been exercised on the date
of such event and had he thereafter, during the period from the date of such
event to and including the exercise date, retained such securities receivable by
him as aforesaid during such period, giving application during such period to
all adjustments called for herein.

                  (b) Adjustment for Reclassification, Exchange, or
Substitution. In the event that at any time or from time to time after the
Original Issue Date, the class of securities issuable upon the exercise of this
Warrant shall be changed into the same or a different number of shares of any
class or classes of stock, whether by capital reorganization, reclassification,
or otherwise (other than a subdivision or combination of shares or stock
dividend provided for above, or a merger, consolidation, or sale of assets
provided for below), then and in each such event the Registered Holder of this
Warrant shall have the right thereafter to exercise this Warrant for the kind
and amount of shares of stock and other securities and property receivable upon
such reorganization, reclassification, or other change, by holders of the number
of shares of the class of securities for which such Warrant was exercisable
immediately prior to such reorganization, reclassification, or change, all
subject to further adjustment as provided herein.

                  (c) Adjustment for Merger, Consolidation or Sale of Assets.
Subject to Section 1.06(G) below, in the event that at any time or from time to
time after the Original Issue Date, the Company shall merge or consolidate with
or into another entity or sell all or substantially all of its assets, this
Warrant shall thereafter be exercisable for the kind and amount of shares of
stock or other securities or property to which a holder of the number of shares
of the class of securities of the Company deliverable upon exercise of this
Warrant would have been entitled upon such consolidation, merger or sale; and,
in such case, appropriate adjustment (as determined in good faith by the Board
of Directors) shall be made in the application of the provisions set forth in
this Section 1.06 with respect to the rights and interest thereafter of the
Registered Holder of this Warrant, to the end that the provisions set forth in
this Section 1.06 including provisions with respect to changes shall thereafter
be applicable, as nearly as reasonably may be, in relation to any shares of
stock or other property thereafter deliverable upon the exercise of this
Warrant.

                  (d) Effect of Certain Transactions. If the Company is a party
to a merger or reorganization with one or more other corporations or if the
Company consolidates with or into one or more other corporations, and as a
result of the consolidation, merger or reorganization, the stockholders of the
Company hold less than 50% of the equity in the surviving or resulting company,
or if the Company is liquidated or sells or otherwise disposes of substantially
all its assets to another corporation, or in the event of a sale of all or
substantially all of its capital stock (each hereinafter referred to as a
"Transaction"), and if the Registered Holder has not exercised this Warrant in
full prior to the effective date of such Transaction, then, after the effective
date of such Transaction, this Warrant, or the unexercised portion thereof,
shall remain outstanding and shall be exercisable pursuant to the terms of this
Warrant as provided hereinafter. In that case, the Registered Holder shall
thereafter have the right to purchase and receive, in lieu of the Number of
Warrant Shares purchasable immediately prior to the effective time of such
Transaction, such shares of stock, securities or assets as may be issuable or
payable with respect to, or in exchange for, the rights of the Registered Holder
evidenced by such Number of Warrant Shares purchasable immediately prior to such
effective time upon the exercise of the rights represented by this Warrant, and
in that case appropriate provision shall be made with respect to the rights and
interests of the Registered Holder to the end that the provisions of this
Warrant (including without limitation provisions for adjustment of the exercise
price and adjustments to the amount of stock, securities or assets issuable or
payable hereunder) shall thereafter be applicable, as nearly as practicable, in
relation to any such shares of stock, securities or assets thereafter
purchasable upon the exercise of this Warrant.


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                  (e) No Impairment. The Company shall not, by amendment of its
Charter or By-Laws 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 to be observed or performed hereunder by the Company but shall at all
times in good faith assist in the carrying out of all the provisions of this
Section 1.06 and in the taking of all such action as may be necessary or
appropriate in order to protect the rights of the Registered Holder of this
Warrant against impairment.

                  (f) Notice of Adjustment of Number of Shares. Upon any
adjustment, readjustment or other change relating to the number of shares
purchasable upon exercise of this Warrant or to the Exercise Price, then, and in
each such case, the Company at its expense shall give written notice thereof,
delivered by a nationally recognized air courier service, addressed to the
Registered Holder at the address of such Registered Holder as shown on the books
of the Company, which notice shall state the Exercise Price resulting from such
adjustment and the increase or decrease in the number of shares (or other
denominations of securities) purchasable at the Exercise Price upon the exercise
of this Warrant setting forth in reasonable detail the method of calculation and
the facts upon which such calculation is based.

                  (g) Notice. In case at any time: (1) the Company shall pay any
dividend or make any distribution (other than regular cash dividends from
earnings or earned surplus paid at an established rate) to the holders of the
class of securities issuable upon exercise of this Warrant, or any class or
series of securities into which the class of securities issuable upon exercise
hereof may be convertible; (2) the Company shall offer for subscription pro rata
to the holders of the class of securities issuable upon exercise of this Warrant
any additional shares of stock of any class or other rights; (3) there shall be
any capital reorganization or reclassification of the capital stock of the
Company, or consolidation or merger of the Company with or sale of all or
substantially all of its assets to another corporation; or (4) there shall be a
voluntary or involuntary dissolution, liquidation or winding up of the Company;
then, in any one or more of such cases, the Company shall give written notice,
delivered by a nationally recognized air courier service, addressed to the
Registered Holder at the address of such Registered Holder as shown on the books
of the Company, of the date on which (a) the books of the Company shall close or
a record date shall be fixed for determining the shareholders entitled to such
dividend, distribution or subscription rights, or (b) such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation or
winding up shall take place, as the case may be. Such notice shall also provide
reasonable details of the proposed transaction and specify the date as of which
the holders of record of the class of securities issuable upon exercise of this
Warrant shall participate in such dividend, distribution or subscription rights,
or shall be entitled to exchange their securities for securities or other
property deliverable upon such reorganization, reclassification, consolidation,
merger, sale, dissolution, liquidation or winding up, as the case may be. Such
written notice shall be given at least 20 days prior to the action in question
and not less than 20 days prior to the record date or the date on which the
Company's transfer books are closed in respect thereto.

                  (h) Voting Rights. This Warrant shall not entitle the
Registered Holder to any voting rights or any other rights as a stockholder of
the Company but upon presentation of this Warrant with the Subscription Form
annexed duly executed and the tender of payment of the Exercise Price at the
office of the Company pursuant to the provisions of this Warrant the Registered
Holder shall forthwith be deemed a stockholder of the Company in respect of the
securities for which the Registered Holder has so subscribed and paid.

                  (i) No Change Necessary. The form of this Warrant need not be
changed because of any adjustment in the Exercise Price or in the number of
shares issuable upon its exercise. A Warrant issued after any adjustment on any
partial exercise or upon replacement may continue to express the same Exercise
Price and the same number of shares (appropriately reduced in the case of
partial exercise) as are stated on this Warrant as initially issued, and that
Exercise Price and that number of shares shall be considered to have been so
changed as of the close of business on the date of adjustment.

2.         Covenant of the Company. All securities which may be issued upon the
           exercise of the rights represented by this Warrant shall, upon
           issuance, be duly authorized, validly issued, fully paid and
           non-assessable and free from all taxes, liens and charges with
           respect to the issue thereof.

3.         Fractional Shares. No fractional shares or scrip representing
           fractional shares shall be issued upon exercise of this Warrant. If,
           upon exercise of this Warrant as an entirety, the Registered Holder
           would be entitled to received a fractional share, then the Company
           shall pay in cash to such Registered Holder an amount equal to such
           fractional share multiplied by the fair market value of one share of
           the class of securities issuable upon exercise of this Warrant (as
           determined by the Board of Directors of the Company) on the date of
           such exercise.


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4.         Substitution. In the case this Warrant shall be mutilated, lost,
           stolen or destroyed, the Company will issue a new Warrant of like
           tenor and denomination and deliver the same (a) in exchange and
           substitution for and upon surrender and cancellation of any mutilated
           Warrant, or (b) in lieu of any Warrant lost, stolen or destroyed,
           upon receipt of evidence satisfactory to the Company of the loss,
           theft, or destruction of such Warrant (including a reasonably
           detailed affidavit with respect to the circumstances of any loss,
           theft or destruction), and of indemnity (or, in the case of the
           initial Registered Holder or any other institutional holder, an
           indemnity agreement) satisfactory to the Company.

5.         Transfer Restrictions. This warrant shall not be sold, transferred,
           pledged or hypothecated unless the proposed disposition is the
           subject of a currently effective registration statement under the
           securities act of 1933, as amended, or unless the company has
           received an opinion of counsel reasonably satisfactory in form and
           scope to the company that such registration is not required.

6.         Remedies. Each party stipulates that the remedies at law in the event
           of any default of threatened default by the other party in the
           performance or compliance with any of the terms of this warrant are
           and will not be adequate, and that such terms may be specifically
           enforced by a decree for that specific performance of any agreement
           contained herein or by an injunction against a violation of any of
           the terms hereof or otherwise.

7.         Governing Law. This warrant and its provisions and the rights and
           obligations of the parties hereunder shall be governed by, and
           construed and enforced in accordance with, the substantive laws of
           state of nevada, without regard to its principles of conflicts of
           laws.

8.         Miscellaneous. This warrant and any term hereof may be changed,
           waived, discharged or terminated only by an instrument in writing
           signed by the registered holder and the company. The invalidity or
           unenforceability of any provision hereof shall in no way affect the
           validity or enforceability of any other provision.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by
its President thereunto duly authorized under seal this 2nd day of July, 2003.

ATTEST:                                   WAVERIDER COMMUNICATIONS INC.


_____________________                     ____________________________-
Secretary                                 President




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                                SUBSCRIPTION FORM

         The undersigned, the Registered Holder of the within Warrant, hereby
irrevocably elects to exercise the purchase right represented by such Warrant
for, and to purchase thereunder, _____ shares of common stock of WAVERIDER
COMMUNICATIONS INC. and herewith makes payment of $__________ and requests that
the certificates representing such shares be issued in the name of and delivered
to:______________________ and if such shares shall not include all of the shares
issuable under this Warrant, that a new Warrant of like tenor and date be
delivered to the undersigned holder for the shares not issued.

          Dated:___________________        Signature:_________________________


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                               FORM OF ASSIGNMENT

         For value received the undersigned hereby sells, assigns and transfers
unto ____________________________ whose address is
______________________________, the within Warrant with respect to shares
purchasable thereby, and does hereby irrevocably constitute and appoint attorney
to transfer the within Warrant on the books of the within named corporation with
full power of substitution in the premises.

Dated:

In the presence of:


______________________________________________________________
                                        Signature