<PAGE>

THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT 
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR 
APPLICABLE STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON SHARES ISSUABLE 
UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR 
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS 
WARRANT UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF 
COUNSEL REASONABLY SATISFACTORY TO INTERIORS, INC. THAT SUCH REGISTRATION IS 
NOT REQUIRED. 
                                      Right to Purchase 87,500 Shares of 
                                      Common Stock of Interiors, Inc. 
                                      (subject to adjustment as provided 
                                      herein) 

                        COMMON STOCK PURCHASE WARRANT 

No. 1                                                      March 19, 1998 

   Interiors, Inc., a corporation organized under the laws of the State of 
Delaware (the "Company"), hereby certifies that, for value received, AUSTOST 
ANSTALT SCHAAN, or assigns, is entitled, subject to the terms set forth 
below, to purchase from the Company after March 19, 1998 at any time or from 
time to time before 5:00 p.m., New York time, on March 19, 2000 (the 
"Expiration Date"), up to 87,500 fully paid and nonassessable shares of Class 
A Common Stock (as hereinafter defined), $.001 par value per share, of the 
Company, at a purchase price of $1.75 per share (such purchase price per 
share as adjusted from time to time as herein provided is referred to herein 
as the "Purchase Price"). The number and character of such shares of Common 
Stock and the Purchase Price are subject to adjustment as provided herein. 

   As used herein the following terms, unless the context otherwise requires, 
have the following respective meanings: 

   (a) The term Company shall include Interiors, Inc. and any corporation 
which shall succeed or assume the obligations of Interiors, Inc. hereunder. 

   (b) The term "Common Stock" includes (a) the Company's Class A Common 
Stock, $.001 par value per share, as authorized on the date of the Agreement, 
(b) any other capital stock of any class or classes (however designated) of 
the Company, authorized on or after such date, the holders of which shall 
have the right, without limitation as to amount, either to all or to a share 
of the balance of current dividends and liquidating dividends after the 
payment of dividends and distributions on any shares entitled to preference, 
and the holders of which shall ordinarily, in the absence of contingencies, 
be entitled to vote for the election of a majority of directors of the 
Company (even if the right so to vote has been suspended by the happening of 
such a contingency) and (c) any other securities into which 

                                1           
<PAGE>
or for which any of the securities described in (a) or (b) may be converted 
or exchanged pursuant to a plan of recapitalization, reorganization, merger, 
sale of assets or otherwise. 

   (c) The term "Other Securities" refers to any stock (other than Common 
Stock) and other securities of the Company or any other person (corporate or 
otherwise) which the holder of the Warrant at any time shall be entitled to 
receive, or shall have received, on the exercise of the Warrant, in lieu of 
or in addition to Common Stock, or which at any time shall be issuable or 
shall have been issued in exchange for or in replacement of Common Stock or 
Other Securities pursuant to Section 5 or otherwise. 

   1. Exercise of Warrant. 
      --------------------

     1.1 Number of Shares Issuable upon Exercise. From and after the date 
hereof through and including the Expiration Date, the holder hereof shall be 
entitled to receive, upon exercise of this Warrant in whole in accordance 
with the terms of subsection 1.2 or upon exercise of this Warrant in part in 
accordance with subsection 1.3, shares of Common Stock of the Company, 
subject to adjustment pursuant to Section 4. 

     1.2 Full Exercise. This Warrant may be exercised in full by the holder 
hereof by surrender of this Warrant, with the form of subscription attached 
as Exhibit A hereto (the "Subscription Form") duly executed by such holder, 
to the Company at its principal office or at the office of its Warrant agent 
(as provided in Section 11), accompanied by payment, in cash or by certified 
or official bank check payable to the order of the Company, in the amount 
obtained by multiplying the number of shares of Common Stock for which this 
Warrant is then exercisable by the Purchase Price (as hereinafter defined) 
then in effect. 

     1.3 Partial Exercise. This Warrant may be exercised in part (but not for 
a fractional share) by surrender of this Warrant in the manner and at the 
place provided in subsection 1.2 except that the amount payable by the holder 
on such partial exercise shall be the amount obtained by multiplying (a) the 
number of shares of Common Stock designated by the holder in the Subscription 
Form by (b) the Purchase Price then in effect. On any such partial exercise, 
the Company, at its expense, will forthwith issue and deliver to or upon the 
order of the holder hereof a new Warrant of like tenor, in the name of the 
holder hereof or as such holder (upon payment by such holder of any 
applicable transfer taxes), may request, the number of shares of Common Stock 
for which such Warrant may still be exercised. 

     1.4 Fair Market Value. Fair Market Value of a share of Common Stock as 
of a particular date (the "Determination Date") shall mean the Fair Market 
Value of a share of the Company's Common Stock. Fair Market Value of a share 
of Common Stock as of a Determination Date shall mean: 

      (a) If the Company's Common Stock is traded on an exchange or is quoted 
on the National Association of Securities Dealers, Inc. Automated Quotation 

                                2           
<PAGE>
("NASDAQ") National Market System or the NASDAQ SmallCap Market, then the 
closing or last sale price, respectively, reported for the last business day 
immediately preceding the Determination Date. 

      (b) If the Company's Common Stock is not traded on an exchange or on 
the NASDAQ National Market System or the NASDAQ SmallCap Market but is traded 
in the over-the-counter market, then the mean of the closing bid and asked 
prices reported for the last business day immediately preceding the 
Determination Date. 

      (c) Except as provided in clause (d) below, if the Company's Common Stock
is not publicly traded, then as the Holder and the Company agree or in the
absence of agreement by arbitration in accordance with the rules then standing
of the American Arbitration Association, before a single arbitrator to be
chosen from a panel of persons qualified by education and training to pass on
the matter to be decided.

      (d) If the Determination Date is the date of a liquidation, dissolution
or winding up, or any event deemed to be a liquidation, dissolution or winding
up pursuant to the Company's charter, then all amounts to be payable per share
to holders of the Common Stock pursuant to the charter in the event of such
liquidation, dissolution or winding up, plus all other amounts to be payable
per share in respect of the Common Stock in liquidation under the charter,
assuming for the purposes of this clause (d) that all of the shares of Common
Stock then issuable upon exercise of all of the Warrants are outstanding at the
Determination Date.

     1.5 Company Acknowledgment. The Company will, at the time of the 
exercise of the Warrant, upon the request of the holder hereof acknowledge in 
writing its continuing obligation to afford to such holder any rights to 
which such holder shall continue to be entitled after such exercise in 
accordance with the provisions of this Warrant. If the holder shall fail to 
make any such request, such failure shall not affect the continuing 
obligation of the Company to afford to such holder any such rights. 

     1.6 Trustee for Warrant Holders. In the event that a bank or trust 
company shall have been appointed as trustee for the holders of the Warrants 
pursuant to Subsection 3.1, such bank or trust company shall have all the 
powers and duties of a warrant agent appointed pursuant to Section 10 and 
shall accept, in its own name for the account of the Company or such 
successor person as may be entitled thereto, all amounts otherwise payable to 
the Company or such successor, as the case may be, on exercise of this 
Warrant pursuant to this Section 1. 

   2. Delivery of Stock Certificates, etc. on Exercise. The Company agrees 
that the shares of Common Stock purchased upon exercise of this Warrant 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 as aforesaid. As soon 
as practicable after the exercise of this Warrant in full or in part, and in 
any event within 10 days thereafter, the Company at its expense (including 
the 

                                3           
<PAGE>
payment by it of any applicable issue taxes) will cause to be issued in the 
name of and delivered to the holder hereof, or as such holder (upon payment 
by such holder of any applicable transfer taxes) may direct, a certificate or 
certificates for the number of duly and validly issued, fully paid and 
nonassessable shares of Common Stock (or Other Securities) to which such 
holder shall be entitled on such exercise, plus, in lieu of any fractional 
share to which such holder would otherwise be entitled, cash equal to such 
fraction multiplied by the then Fair Market Value of one full share, together 
with any other stock or other securities and property (including cash, where 
applicable) to which such holder is entitled upon such exercise pursuant to 
Section 1 or otherwise. 

   3. Adjustment for Reorganization, Consolidation, Merger, etc. 
      ----------------------------------------------------------

     3.1 Reorganization, Consolidation, Merger, etc. In case at any time or 
from time to time, the Company shall (a) effect a reorganization, (b) 
consolidate with or merge into any other person, or (c) transfer all or 
substantially all of its properties or assets to any other person under any 
plan or arrangement contemplating the dissolution of the Company, then, in 
each such case, as a condition to the consummation of such a transaction, 
proper and adequate provision shall be made by the Company whereby the holder 
of this Warrant, on the exercise hereof as provided in Section 1 at any time 
after the consummation of such reorganization, consolidation or merger or the 
effective date of such dissolution, as the case may be, shall receive, in 
lieu of the Common Stock (or Other Securities) issuable on such exercise 
prior to such consummation or such effective date, the stock and other 
securities and property (including cash) to which such holder would have been 
entitled upon such consummation or in connection with such dissolution, as 
the case may be, if such holder had so exercised this Warrant, immediately 
prior thereto, all subject to further adjustment thereafter as provided in 
Section 5. 

     3.2 Dissolution. In the event of any dissolution of the Company 
following the transfer of all or substantially all of its properties or 
assets, the Company, prior to such dissolution, shall at its expense deliver 
or cause to be delivered the stock and other securities and property 
(including cash, where applicable) receivable by the holders of the Warrants 
after the effective date of such dissolution pursuant to this Section 3 to a 
bank or trust company having its principal office in New York, NY, as trustee 
for the holder or holders of the Warrants. 

     3.3 Continuation of Terms. Upon any reorganization, consolidation, 
merger or transfer (and any dissolution following any transfer) referred to 
in this Section 4, this Warrant shall continue in full force and effect and 
the terms hereof shall be applicable to the shares of stock and other 
securities and property receivable on the exercise of this Warrant after the 
consummation of such reorganization, consolidation or merger or the effective 
date of dissolution following any such transfer, as the case may be, and 
shall be binding upon the issuer or any such stock or other securities, 
including, in the case of any such transfer, the person acquiring all or 
substantially all of the properties or assets of the Company, whether or not 
such person shall have expressly assumed the terms of this Warrant as 
provided in Section 5. 

                                4           
<PAGE>
   4. Extraordinary Events Regarding Common Stock. In the event that the 
Company shall (a) issue additional shares of the Common Stock as a dividend 
or other distribution on outstanding Common Stock, (b) subdivide its 
outstanding shares of Common Stock, or (c) combine its outstanding shares of 
the Common Stock into a smaller number of shares of the Common Stock, then, 
in each such event, the Purchase Price shall, simultaneously with the 
happening of such event, be adjusted by multiplying the then Purchase Price 
by a fraction, the numerator of which shall be the number of shares of Common 
Stock outstanding immediately prior to such event and the denominator of 
which shall be the number of shares of Common Stock outstanding immediately 
after such event, and the product so obtained shall thereafter be the 
Purchase Price then in effect. The Purchase Price, as so adjusted, shall be 
readjusted in the same manner upon the happening of any successive event or 
events described herein in this Section 4. The number of shares of Common 
Stock that the holder of this Warrant shall thereafter, on the exercise 
hereof as provided in Section 1, be entitled to receive shall be increased to 
a number determined by multiplying the number of shares of Common Stock that 
would otherwise (but for the provisions of this Section 4) be issuable on 
such exercise by a fraction of which (a) the numerator is the Purchase Price 
that would otherwise (but for the provisions of this Section 4) be in effect, 
and (b) the denominator is the Purchase Price in effect on the date of such 
exercise. 

   5. Chief Financial Officer's Certificate as to Adjustments. In each case 
of any adjustment or readjustment in the shares of Common Stock (or Other 
Securities) issuable on the exercise of the Warrants, the Company at its 
expense will promptly cause its Chief Financial Officer to compute such 
adjustment or readjustment in accordance with the terms of the Warrant and 
prepare a certificate setting forth such adjustment or readjustment and 
showing in detail the facts upon which such adjustment or readjustment is 
based, including a statement of (a) the consideration received or receivable 
by the Company for any additional shares of Common Stock (or Other 
Securities) issued or sold or deemed to have been issued or sold, (b) the 
number of shares of Common Stock (or other Securities) outstanding or deemed 
to be outstanding, and (c) the Purchase Price and the number of shares of 
Common Stock to be received upon exercise of this Warrant, in effect 
immediately prior to such adjustment or readjustment and as adjusted or 
readjusted as provided in this Warrant. The Company will forthwith mail a 
copy of each such certificate to the holder of the Warrant and any Warrant 
agent of the Company (appointed pursuant to Section 10 hereof). 

   6. Reservation of Stock, etc. Issuable on Exercise of Warrant; Financial 
Statements. The Company will at all times reserve and keep available, solely 
for issuance and delivery on the exercise of the Warrants, all shares of 
Common Stock (or Other Securities) from time to time issuable on the exercise 
of the Warrant. This Warrant entitles the holder hereof to receive copies of 
all financial and other information distributed or required to be distributed 
to the holders of the Company's Common Stock. 

                                5           
<PAGE>
   7. Assignment; Exchange of Warrant. Subject to compliance with applicable 
Securities laws, this Warrant, and the rights evidenced hereby, may be 
transferred by any registered holder hereof (a "Transferor") with respect to 
any or all of the Shares. On the surrender for exchange of this Warrant, with 
the Transferor's endorsement in the form of Exhibit B attached hereto (the 
"Transferor Endorsement Form"), to the Company, the Company at its expense but 
with payment by the Transferor of any applicable transfer taxes, will issue 
and deliver to or on the order of the Transferor thereof a new Warrant or 
Warrants of like tenor, in the name of the Transferor and/or the 
transferee(s) specified in such Transferor Endorsement Form (each a 
"Transferee"), calling in the aggregate on the face or faces thereof for the 
number of shares of Common Stock called for on the face or faces of the 
Warrant so surrendered by the Transferor. 

   8. Replacement of Warrant. On receipt of evidence reasonably satisfactory 
to the Company of the loss, theft, destruction or mutilation of this Warrant 
and, in the case of any such loss, theft or destruction of this Warrant, on 
delivery of any indemnity agreement or security reasonably satisfactory in 
form and amount to the Company or, in the case of any such mutilation, on 
surrender and cancellation of this Warrant, the Company at its expense will 
execute and deliver, in lieu thereof, a new Warrant of like tenor. 

   9. Registration rights. The holder of this Warrant has been granted 
certain registration rights by the Company. These registration rights are set 
forth in a Subscription Agreement entered into by the Company and the initial 
issuee of this Warrant at or prior to the issue date of this Warrant. The 
terms of the Subscription Agreement are incorporated herein by this 
reference. 

   10. Warrant Agent. The Company may, by written notice to the each holder 
of the Warrant, appoint an agent having an office in New York, NY for the  
purpose of issuing Common Stock (or Other Securities) on the exercise of this 
Warrant pursuant to Section 1, exchanging this Warrant pursuant to Section 7, 
and replacing this Warrant pursuant to Section 8, or any of the foregoing, 
and thereafter any such issuance, exchange or replacement, as the case may 
be, shall be made at such office by such agent. 

   11. Transfer on the Company's Books. Until this Warrant is transferred on 
the books of the Company, the Company may treat the registered holder hereof 
as the absolute owner hereof for all purposes, notwithstanding any notice to 
the contrary. 

   12. Notices, etc. All notices and other communications from the Company to 
the holder of this Warrant shall be mailed by first class registered or 
certified mail, postage prepaid, at such address as may have been furnished 
to the Company in writing by such holder or, until any such holder furnishes 
to the Company an address, then to, and at the address of, the last holder of 
this Warrant who has so furnished an address to the Company. 

                                6           
<PAGE>
   13. Miscellaneous. This Warrant and any term hereof may be changed, 
waived, discharged or terminated only by an instrument in writing signed by 
the party against which enforcement of such change, waiver, discharge or 
termination is sought. This Warrant shall be construed and enforced in 
accordance with and governed by the laws of New York. Any dispute relating to 
this Warrant shall be adjudicated in New York State. The headings in this 
Warrant are for purposes of reference only, and shall not limit or otherwise 
affect any of the terms hereof. 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 executed this Warrant under seal as of 
the date first written above. 

                                          INTERIORS, INC. 
                                          By: /s/ Max Munn
                                             -------------------------------- 
                                          Title: President
                                                ----------------------------- 

Witness: 

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



                                7           
<PAGE>
                                  EXHIBIT A 
                             FORM OF SUBSCRIPTION 
                  (To be signed only on exercise of Warrant) 

TO: Interiors, Inc. 

The undersigned, the holder of the within Warrant, hereby irrevocably elects 
to exercise this Warrant for, and to purchase thereunder, ______ shares of 
Common Stock of Interiors, Inc. and herewith makes payment of $______ 
therefor, and requests that the certificates for such shares be issued in the 
name of, and delivered to __________ whose address is______________________
____________________________________________________________. 

Dated: _____________________


                                          ----------------------------------- 
                                          (Signature must conform to name of 
                                          holder as specified on the face of 
                                          the Warrant) 

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



                                8           
<PAGE>
                                   EXHIBIT B

                        FORM OF TRANSFEROR ENDORSEMENT 
                  (To be signed only on transfer of Warrant) 

   For value received, the undersigned hereby sells, assigns, and transfers 
unto the person(s) named below under the heading "Transferees" the right 
represented by the within Warrant to purchase the percentage and number of 
shares of Common Stock of Interiors, Inc. to which the within Warrant relates 
specified under the headings "Percentage Transferred" and "Number 
Transferred," respectively, opposite the name(s) of such person(s) and 
appoints each such person Attorney to transfer its respective right on the 
books of Interiors, Inc. with full power of substitution in the premises. 

<TABLE>
<CAPTION>
                    PERCENTAGE        NUMBER 
  TRANSFEREES      TRANSFERRED      TRANSFERRED 
---------------  --------------- --------------- 
<S>              <C>             <C>

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

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

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

</TABLE>

Dated: _______________, 19__         __________________________________________
                                     (Signature must conform to name of holder 
                                       as specified on the face of the warrant)
Signed in the presence of:                                                     
                                                                               
_______________________________      __________________________________________
             (Name)                                  (address)                 
                                                                               
                                                                           
ACCEPTED AND AGREED:                                                           
[TRANSFEREE]                       
_______________________________      __________________________________________
             (Name)                                  (address)



                                9