WARRANT No. ____

                      WARRANT FOR PURCHASE OF COMMON STOCK

      THIS WARRANT AND THE COMMON  STOCK  PURCHASABLE  HEREUNDER  HAVE NOT
      BEEN REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED OR ANY
      STATE OR OTHER  JURISDICTIONS  SECURITIES LAW.  NEITHER THIS WARRANT
      NOR THE COMMON STOCK PURCHASABLE  HEREUNDER MAY BE SOLD, OFFERED FOR
      SALE,  PLEDGED OR  HYPOTHECATED  IN THE  ABSENCE  OF A  REGISTRATION
      STATEMENT IN EFFECT WITH RESPECT TO SUCH  SECURITIES  UNDER SUCH ACT
      AND ANY APPLICABLE STATE OR OTHER JURISDICTION SECURITIES LAWS OR AN
      OPINION  OF  COUNSEL   SATISFACTORY   TO  THE   COMPANY   THAT  SUCH
      REGISTRATION IS NOT REQUIRED.

                               theglobe.com, inc.

                              Purchase Warrant for
                                  Common Stock

      THIS INSTRUMENT certifies that, FOR VALUE RECEIVED, Michael S. Egan and S.
Jacqueline  Egan, as tenants by the entirety,  with a business address of 110 E.
Broward Boulevard, 14th Floor, Fort Lauderdale, Florida 33301 (the "Holder"), or
its  registered  assigns,  is entitled,  subject to the terms and conditions set
forth in this Warrant for Purchase of Common Stock (this "Warrant"), to purchase
from  theglobe.com,   inc.,  a  Delaware   corporation  (the  "Company"  or  the
"Corporation"),  Two Hundred Four  Thousand and Eighty Two  (204,082)  shares of
Common  Stock,  $.001 par  value,  of the  Company  (the  "Shares"),  commencing
immediately,  and ending at 5:00 p.m.,  New York time,  February 2, 2009,  for a
purchase  price of One  Dollar  and  Twenty  Two Cents  ($1.22)  per Share  (the
"Exercise  Price"),  such number of Shares and Exercise  Price being  subject to
adjustment from time to time as set forth in Sections 3 and 4 below.

      This Warrant is subject to the following provisions, terms and conditions:

SECTION 1. Warrant Exercise. This Warrant may be exercised by the holder hereof,
in whole or in part, by the  presentation and surrender of this Warrant with the
form of the Purchase Form attached  hereto as SCHEDULE A duly  executed,  at the
principal  office  of the  Company,  and  upon  payment  to the  Company  of the
applicable  Warrant  Exercise Price in cash or by cashier's check. The Shares so
purchased  shall be deemed to be issued to the holder hereof as the record owner
of such  Shares as of the close of  business  on the date on which this  Warrant
shall have been surrendered and payment made for such Shares.  Upon the exercise
of this Warrant, the issuance of certificates for Shares shall be made forthwith
without charge to the holder hereof including, without limitation, any tax which
may be payable in respect of the issuance thereof,  and such certificates  shall
be issued in the name of, or in such  names as may be  directed  by,  the holder
hereof; provided, however, that the Company shall not be required to pay any tax
which may be payable in respect of any  transfer  involved in the  issuance  and
delivery  of any such  certificates  in a name other than that of the holder and
the Company shall not be required to issue or deliver such  certificates  unless
or until the person or persons  requesting the issuance  thereof shall have paid
to the  Company  the  amount  of  such  tax or  shall  have  established  to the
satisfaction  of the  Company  that  such tax has been  paid.  Upon any  partial
exercise of this Warrant,  there shall be countersigned and issued to the holder
hereof a new Warrant in respect of the Shares as to which this Warrant shall not
have been exercised.


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SECTION 2. Reservation of Shares. The Company covenants and agrees:

      (i) That all Shares  which may be issued  upon the  exercise of the rights
represented by this Warrant will, upon issuance, be fully paid and nonassessable
and free from all taxes,  liens and charges with  respect to the issue  thereof;
and

      (ii) That during the period  within which the rights  represented  by this
Warrant may be  exercised,  the Company will at all times have  authorized,  and
reserved  for the  purpose of issue and  delivery  upon  exercise  of the rights
evidenced  by this  Warrant,  a  sufficient  number of shares of Common Stock to
provide for the exercise of the rights represented by this Warrant.

SECTION 3. Adjustment of the Warrant Exercise Price.

      a. Adjustments for Subdivision,  Dividends, Combinations or Consolidations
of Common Stock.

            (i) If the Corporation  shall at any time or from time to time after
      the date that this Warrant is issued (the "Original  Issue Date") effect a
      combination  or  consolidation   of  the  outstanding   Common  Stock,  by
      reclassification  or  otherwise,  into a lesser number of shares of Common
      Stock, the Exercise Price in effect  immediately prior to such combination
      or  consolidation  shall,  concurrently  with  the  effectiveness  of such
      combination or consolidation, be proportionately increased.

            (ii) In the event the Corporation  shall declare or pay any dividend
      on  the  Common  Stock  payable  in  Common  Stock  or in  the  event  the
      outstanding   shares   of   Common   Stock   shall   be   subdivided,   by
      reclassification  or  otherwise  than by payment  of a dividend  in Common
      Stock, into a greater number of shares of Common Stock, the Exercise Price
      in effect  immediately  prior to such  dividend  or  subdivision  shall be
      proportionately decreased.

      a. in the  case of any  such  dividend,  immediately  after  the  close of
business  on the record  date for the  determination  of holders of any class of
securities entitled to receive such dividend, or

      b. in the case of any such  subdivision,  at the close of  business on the
date  immediately  prior to the date upon which such  corporate  action  becomes
effective.


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<PAGE>

            If such  record date shall have been fixed and such  dividend  shall
not have been fully paid on the date fixed therefor,  the adjustment  previously
made in the applicable  Exercise Price that became effective on such record date
shall  be  canceled  as of the  close  of  business  on such  record  date,  and
thereafter  the  applicable  Exercise  Price shall be adjusted as of the time of
actual payment of such dividend.

      b. Adjustment for Other Dividends and Distributions. If the Corporation at
any time or from time to time after the  Original  Issue Date makes,  or fixes a
record  date for the  determination  of  holders  of Common  Stock  entitled  to
receive,  a  dividend  or  other  distribution  payable  in  securities  of  the
Corporation  other than  shares of Common  Stock,  in each such event  provision
shall be made so that the holder of the  Warrant  shall  receive  upon  Exercise
thereof,  in  addition  to the  number  of shares  of  Common  Stock  receivable
thereupon,  the amount of other securities of the Corporation that it would have
received  had its Warrant  been  exercised  for Common Stock on the date of such
event and had it  thereafter,  during the period  from the date of such event to
and including the exercise date, retained such securities  receivable by them as
aforesaid during such period, subject to all other adjustments called for during
such period under this Section 3 with respect to the rights of the holder of the
Warrant or with respect to such other securities by their terms.

      c. Adjustment for Reclassification,  Exchange and Substitution.  If at any
time or from time to time  after the  Original  Issue  Date,  the  Common  Stock
issuable  upon  the  exercise  of the  Warrant  is  changed  into  the same or a
different  number  of  shares  of any class or  classes  of  stock,  whether  by
recapitalization,  reclassification  or otherwise  (other than a subdivision  or
combination   of  shares  or  stock  dividend  or  a   reorganization,   merger,
consolidation  or sale of assets  provided for  elsewhere in this Section 3), in
any such event the holder of this  Warrant  shall have the right  thereafter  to
exercise this Warrant for the kind and amount of stock and other  securities and
property receivable upon such recapitalization, reclassification or other change
by  holders  of the  maximum  number of shares of Common  Stock  into which this
Warrant could have been exercised  immediately  prior to such  recapitalization,
reclassification or change, all subject to further adjustment as provided herein
or with respect to such other securities or property by the terms thereof.

      d.  Certificate as to Adjustments.  Upon the occurrence of each adjustment
or  readjustment  of the  Exercise  Prices  pursuant  to  this  Section  3,  the
Corporation   at  its  expense  shall  promptly   compute  such   adjustment  or
readjustment in accordance with the terms hereof and furnish to each holder of a
Warrant, a certificate setting forth such adjustment or readjustment and showing
in detail the facts upon which such  adjustment or  readjustment  is based.  The
Corporation  shall,  upon the  written  request  at any time of any  holder of a
Warrant,  furnish or cause to be  furnished  to such  holder a like  certificate
setting forth (i) such adjustments and  readjustments,  (ii) the Exercise Prices
at the time in effect,  and (iii) the  number of shares of Common  Stock and the
amount,  if any, of other  property which at the time would be received upon the
exercise of the Warrant.


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<PAGE>

SECTION 4.  Adjustments of Number of Shares  Issuable Upon  Exercise.  Upon each
adjustment  of the Exercise  Price  pursuant to Section 3 hereof,  the holder of
this Warrant shall  thereafter  (until  another such  adjustment) be entitled to
purchase,  at the adjusted  Exercise Price in effect on the date purchase rights
under  this  Warrant  are  exercised,  the  number of  Shares  of Common  Stock,
calculated to the nearest number of shares,  determined by (a)  multiplying  the
number of Shares of Common Stock purchasable  hereunder immediately prior to the
adjustment  of the Exercise  Price by the Exercise  Price in effect  immediately
prior to such  adjustment,  and (b)  dividing  the  product so  obtained  by the
adjusted Exercise Price in effect on the date of such exercise.

SECTION 5. Fractional  Interests.  If any fraction of a Share is issuable on the
exercise of this Warrant,  the Company shall be required to and shall issue such
fractional Share on the exercise of this Warrant.

SECTION 6. No Rights as Shareholder.  Nothing contained in this Warrant shall be
construed  as  conferring  upon the  Holder or his  transferees  any rights as a
shareholder of the Company.

SECTION 7.  Successors.  All the covenants and  provisions of this Warrant by or
for the benefit of the Company or the Holder shall bind and inure to the benefit
of their respective successors and assigns hereunder.

SECTION 8.  Applicable  Law.  This Warrant shall be deemed to be a contract made
under and construed in accordance with the laws of the State of Delaware.

SECTION 9.  Benefits.  This Warrant shall not be construed to give to any person
or  corporation  other than the  Company  and the Holder any legal or  equitable
right,  remedy or claim under this  Warrant,  and this Warrant  shall be for the
sole and exclusive benefit of the Company and the Holder.

SECTION 10.  Transferability.  No transfer of this  Warrant  shall be  effective
unless and until  registered  on the books of the  Company  maintained  for such
purpose,  and the Company may treat the registered  holder as the absolute owner
of this Warrant for all purposes and the person  entitled to exercise the rights
represented  hereby.  No such transfer of this Warrant shall be effective unless
prior to any transfer or attempted transfer of Warrant,  or any interest herein,
the Holder shall give the Company written notice of his or its intention to make
such transfer,  describing the manner of the intended  transfer and the proposed
transferee.  Promptly  after  receiving such written  notice,  the Company shall
present  copies  thereof to counsel for the  Company and to any special  counsel
designated by the Holder. If in the opinion of each of such counsel the proposed
transfer  may be  effected  without  registration  of either the  Warrant or the
Common Stock purchasable  hereunder under applicable federal or state securities
laws (or other  applicable  jurisdiction's  law),  the  Company,  as promptly as
practicable,  shall notify the Holder of such  opinions,  whereupon this Warrant
(or the interests  therein)  proposed to be transferred  shall be transferred in
accordance  with the terms of said notice.  The Company shall not be required to
effect any such  transfer  prior to the  receipt of such  favorable  opinion(s);
provided,  however,  the Company may waive the requirement that Holder obtain an
opinion of counsel, in its sole and absolute discretion.  As a condition to such
favorable  opinion,  counsel for the Company may require an investment letter to
be executed by the proposed  transferee.  Any  transferee  of this  Warrant,  by
acceptance hereof, agrees to be bound by all of the terms and conditions of this
Warrant.


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<PAGE>

SECTION 11. Investment  Representation and Legend.  Each Holder by acceptance of
this Warrant represents and warrants to the Company that the Holder is acquiring
this Warrant, and unless at the time of exercise a registration  statement under
the Securities Act of 1933, as amended, is effective with respect to the Shares,
that upon the exercise  hereof the Holder will acquire the Shares  issuable upon
such  exercise,  for  investment  purposes  only and not with a view towards the
resale or other distribution thereof.

The Holder by  acceptance  of this  Warrant  agrees  that the Company may affix,
unless the Shares  issuable upon exercise of this Warrant are  registered at the
time of  exercise,  the  following  legend to  certificates  for Shares upon the
exercise of this Warrant:

      The securities  represented by this  certificate  have not been registered
under the  Securities  Act of 1933  (the  "Securities  Act"),  and have not been
registered under any state or other  jurisdiction's  securities law, and may not
be offered, sold, transferred,  encumbered or otherwise disposed of unless there
is an  effective  registration  statement  under  the  Securities  Act  and  any
applicable  state securities  laws, or other  jurisdiction,  relating thereto or
unless, in the opinion of counsel  acceptable to the Company,  such registration
is not required.

      IN WITNESS  WHEREOF,  the Company has duly authorized the issuance of this
Warrant as of February __, 2004.

                                        theglobe.com, inc.


                                        By:_____________________________________
                                        Name:___________________________________
                                        Title:__________________________________


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<PAGE>

                                   SCHEDULE A

                               theglobe.com, Inc.

                                  PURCHASE FORM

theglobe.com, Inc.
110 East Broward Blvd.
Suite 1400
Ft. Lauderdale, FL  33301

The  undersigned  hereby  irrevocably  elects to exercise  the right of purchase
represented by the attached Warrant for, and to purchase thereunder, ____ of the
Shares provided for therein (originally, _____ of the ___________ Shares, and as
presently  adjusted  pursuant to Section 3 thereof,  ______ of the _____Shares),
and  requests  that  certificates  for such  Shares be issued in the name of the
undersigned and addressed as follows:

                   _________________________________________

                   _________________________________________

                   _________________________________________

                   _________________________________________
                        (Please Print Name, Address, and
                  Social Security or Tax Identification Number)

Dated: ______________________, 200__.

Name of Warrantholder: ________________________________________________________
                       (Must be the same as that on the books and records
                        of the Company)

Signature:             ______________________________________________