Document:

Exhibit 10.18 Amended Agreement with David Wood and Media 1 Group, LLC

Exhibit 10.18 Amended Agreement with David Wood and Media 1 Group, LLC

                                AMENDED AGREEMENT
                                  FOR SERVICES

This Agreement (the "Agreement") is made by and between Media 1 Financial Group
LLC (hereinafter "Media 1") and David Wood, an individual, (hereinafter referred
to as David Wood) jointly and severally with World Health Alternatives, Inc., a
Florida corporation, hereinafter "the Company." WITNESSETH:

WHEREAS, David Wood, who is the sole officer, director and shareholder of Media
1 Financial Group LLC, holds an aggregate of 1,008,000 shares of the Company's
common stock;

WHEREAS, Media 1 has agreed to provide services to the Company; and

WHEREAS, Media 1 desires to provide the services to the Company as more fully
set forth herein;

NOW THEREFORE, in exchange for good and valuable consideration, the receipt of
which is hereby acknowledged, the parties agree as follows:

1. This Agreement supersedes all prior oral or written agreements between the
parties hereto including the agreement dated February 25, 2003.

2. David Wood owns an aggregate of 1,008,000 shares of the Company's common
stock which have previously been registered. David Wood acknowledges that he
cannot directly or indirectly compensate any third party with the 1,008,000
shares for providing investor relations or any other services of or for the
Company. David Wood shall not retire any of the shares owned by him.

3. Fees. The Company shall pay to Media 1 for its services a fee of 858,000
shares of the Company's common stock ("the shares") which shall upon issuance
bear the following restrictive legend:
"The Shares Represented By This Certificate Have Not Been Registered Under The
Securities Act Of 1933, As Amended, Or Applicable State Securities Laws, And May
Not Be Sold, Transferred, Pledged, Or Hypothecated Without Either: i)
Registration Under The Securities Act Of 1933, As Amended, And Applicable State
Securities Laws, Or ii) Submission To The Corporation Of An Opinion Of Counsel,
Satisfactory To The Corporation That Said Shares And The Transfer Thereof Are
Exempt From The Registration Requirements Of The Securities Act Of 1933 And
Applicable State Securities Laws."

All Fees Shall Be Inclusive Of Costs And The Services Of Media 1 Shall Include
All Costs Of Providing Services Hereunder.
4. Media 1 agrees to perform, as requested by the Company, investor relations
services for the Company.  These services include, but are not limited to:
(a) Assist the Company in developing, creating and providing factual information
and in developing and implementing a strong market awareness for the Company and
its business;
(b) Develop and create an advertising campaign for the Company;
(c) Aid, advise and assist the Company in establishing a means of securing local
and nationwide media interest and coverage of the Company;
(d) Aid and assist the Company in developing a (user friendly) "web site";
(e) Aid, consult, prepare and deliver "due diligence" packages requested by and
furnished to registered broker/dealers and/or other institutional and/or fund
managers as requested by the Company;
(f) Create a Company profile and investment data sheet and present and deliver
via email/fax to over 50 stock newsletter writers and editors [newsletter
writers and editors shall be provided by Media 1];
(g) Host Company at atleast two conventions at the expense of Media 1;
(h) Review  and prepare summaries of the financial and non-financial portions of
quarterly and annual reports of the Company, exclusive of any current, quarterly
or annual reports filed with U.S. Securities and Exchange Commission and/or
other regulatory agencies;
(i) Edit and distribute financial and general press releases as requested by the
Company;
(j) Draft and distribute collateral material regarding the Company; and
(k) Develop and distribute to over 500 sources and/or persons three media
articles regarding the Company each month.

5. Limitations of Services. Media 1's activities pursuant to this Agreement or
as contemplated by this Agreement do not constitute and shall not constitute
acting as a securities broker or dealer under Federal or State securities laws.
Further, Media 1 shall not receive any compensation of any form for introducing
or locating a potential investor or members of the financial community to the
Company.
Media 1 recognizes that certain responsibilities and obligations are imposed by
Federal and State securities laws and by the applicable rules and regulations of
stock exchanges, the National Association of Securities Dealers, in-house "due
diligence" or "compliance" departments of brokerage houses, etc. Accordingly,
Media 1 agrees as follows:
a. Media 1 shall NOT release any financial or other information or data about
the Company or the services to be provided hereunder without the written consent
and approval of the Company.
b. Media 1 shall NOT conduct any meetings with financial analysts without
informing the Company in advance of any proposed meeting, the format or agenda
of such meeting and the Company may elect to attend such meeting.
c. Media 1 shall NOT release any information or data about the Company to any
selected or limited person(s), entity, or group if Media 1 is aware that such
information or data has not been generally released or promulgated.

6. Non-exclusive Relationship and Time Commitment. Consultant shall commence to
provide the services set forth in this Agreement within ten days receipt of
written notice from the Company that Consultant's services are to begin (the
"Commencement Date"). Media 1 shall use its best efforts in the performance of
its services described herein. Nothing in this Agreement shall be construed as
limiting Media 1's right to represent other companies, except that Media 1
agrees not to represent any other person or entity which is in competition with
the Company unless Media 1 first obtains the Company's written consent. Media 1
agrees to provide one hundred (100) hours of services each month during the term
of this Agreement.

7. Term and Termination of the Engagement. The term of the engagement is for a
period of twenty four (24) months. This engagement may be terminated by the
Company immediately upon written notice to the Company with or without cause and
any fees earned shall be prorated over the term of this Agreement at a rate of
35,750 shares per month for each full month of services. 50,666 Shares shall be
deemed earned at the completion of each month for the prior months services.

8. Indemnity. Indemnification by Media 1. In connection with Media 1's
engagement hereunder, including modifications or future additions to this
engagement and the related activities prior to this date, Media 1 agrees that it
will indemnify, hold harmless and defend the Company and its affiliates, any
director, officer, agent or employee of the Company or any of its affiliates and
each other person, if any, controlling the Company or any of its affiliates and
each of their successors and assigns (collectively, the "Company Group") against
and in respect of any and all losses, damages, claims, obligations, demands,
actions, suits, proceedings, assessments, liabilities, judgments, recoveries and
deficiencies, costs and expenses (including, without limitation, reasonable
attorneys' fees and costs and expenses incurred in investigating, preparing,
defending against or prosecuting any litigation, claim, proceeding or demand),
all on an after-tax basis, less any amounts actually paid as insurance
reimbursement, of any kind or character (collectively, a "Company Loss"), (i)
related to, arising out of or result from (A) oral or written information
provided by or disseminated by Media 1, Media 1's employees or its other agents,
for use by Media 1 in connection with Media 1's performance of services under
this Agreement; (B) other action or failure to act by Media 1, its employees or
its other agents of Media 1 or (C) any breach of, or failure by Media 1 to fully
perform, or any inaccuracy in, any of the representations, warranties, covenants
or agreements of Media 1 in this Agreement or (ii) otherwise related to or
arising out of the engagement of Media 1 pursuant to this Agreement. The
Indemnity obligations under this Agreement shall survive the termination of this
Agreement for a period of two (2) years.

9. Except in accordance with the provisions of this Agreement, David Wood and
Media 1 agrees, while this Agreement is in effect, not to, directly or
indirectly, whether in privately negotiated transactions or to the public in
open market transactions: Sell, transfer, pledge, encumber, hypothecate, assign
or otherwise dispose of directly or indirectly of any of the Company shares or
enter into any contract, option or other arrangement or understanding with
respect to the sale, transfer, pledge, encumbrance, hypothecation, assignment or
other disposition of, any of the Company shares; or Grant any proxies, deposit
any of the Company's shares into a voting trust or enter into a voting agreement
with respect to any of the Company's shares. If at anytime David Woods fails to
provide the any of the services in Paragraph 4 hereto Company may cancel the
shares issued hereunder

10. David Wood and Media 1 may not sell, assign, transfer, exchange, gift,
devise, pledge, hypothecate, encumber or otherwise alienate or dispose of any of
the Company shares now owned by them or owned by them during the term of this
Agreement, or any right or interest therein, whether voluntarily or
involuntarily, by operation of law or otherwise, except in accordance with this
Agreement. Any such purported transfer in violation of any provision of this
Agreement and all actions by the purported transferor and transferee in
connection therewith shall be of no force or effect and the Company shall not be
required to recognize such purported transfer for any purpose, including but not
limited to dividend and voting rights.

11. David Wood and Media 1 agree to sell the Company shares held by them
1,080,000 shares previously registered only as follows:
a. For the first full calendar month, after the execution of this Agreement,
David Wood and Media 1 shall be allowed to sell 400,000 of the Company's common
shares.
b. Beginning the period from the second month after the execution of this
Agreement, and until the expiration of the ninth month after execution of this
Agreement, during each respective month of this period, David Wood and Media 1
shall be allowed to sell the Company shares at their discretion up to the
aggregate amount not to exceed twenty five (25) percent of the prior calendar
month's trading volume as reported by the OTCBB.
c. After expiration of the ninth month after the date of execution of this
Agreement, David Wood and Media 1 can sell the Company shares pursuant to the
terms of this Agreement.
d. With regard to each respective trading period that David Wood and Media 1 may
sell the Company shares as defined herein, respectively, David Wood and Media 1
may not carry over the difference between the amount of the Company shares that
David Wood and Media 1 could have sold and any remaining amount not sold
("remaining amount"). Further, David Wood and Media 1 will be not permitted to
aggregate remaining amount(s) to successive periods. As an example of the
foregoing:
Average trading volume for the second month was 100,000 the Company shares;
During the third month, David Wood and Media 1 in the aggregate may sell 25% of
100,000 of the Company shares, which equals 25,000 of the Company shares; David
Wood and Media 1 in the aggregate only sells 10,000 of the Company shares during
the third month;
David Wood and Media 1 in the aggregate may not carry over or aggregate the
15,000 of the Company shares not sold (representing the difference between the
25% allowable trading amount and the amount he actually traded) to succeeding
months.
For purposes of this Agreement,  the aggregate amount of shares sold pursuant to
this Agreement shall be the sum of the shares held by David Wood and Media 1.

12. David Wood and Media 1 in the aggregate agrees, while this Agreement is in
effect, to notify the Company promptly of the number of any of the Company
shares acquired by David Wood and Media 1 after the date hereof. Such
notification by David Wood and Media 1 shall be affected by David Wood and Media
1 the day following his acquisition of such Company shares and in accordance
with the notice provisions of this Agreement. David Wood and Media 1 in the
aggregate represents that David Wood is not now an affiliate of the Company and
has not previously been an affiliate of the Company.

13. Acknowledgments and Representations.
(a) The Company recognizes and confirms that in performing its duties pursuant
to this Agreement, Media 1 will be using and relying upon data, material and
other information furnished by the Company, its employees and representatives
(the "Information"). The Company hereby agrees and represents that all
Information furnished to Media 1 in connection with this Agreement shall be
materially accurate and complete at the time furnished, and that if the Company
is aware that such Information, in whole or part, becomes materially inaccurate,
misleading or incomplete during the term of Media 1's engagement hereunder, the
Company shall so advise Media 1 and Media 1 shall correct any such inaccuracy or
omission. To the extent consistent with legal requirements, all Information,
unless publicly available or otherwise available to Media 1 without restriction
or breach of any confidentiality agreement, will be held by Media 1 in
confidence and will not be disclosed to anyone other than Media 1's agents and
advisors without the Company's prior written approval or used for any purpose
other than those referred to in this Agreement.
(b) The Company understands and agrees that in furnishing the Company with
advice and other services as provided in this Agreement, Media 1 and its
officers, directors and agents shall be liable to the Company, its affiliates or
its creditors as provided herein.
(c) The Company acknowledges that Media 1 has been retained solely as an advisor
to the Company, and not as an advisor to or agent of any other person, and that
the Company's engagement of Media 1 is not intended to confer rights upon any
persons not a party hereto (including shareholders, employees or creditors of
the Company) as against Media 1, Media 1's affiliates or their respective
directors, officers, agents and employees.

14. Media 1 represents and warrants to the Company that it will not cause, or
permit (a) any action to be taken which violates or (b) a failure to act, the
effect of which violates, any federal or state securities law.

15. Notices. All notices, requests, consents and other communications under this
Agreement shall be in writing and shall be delivered by hand or fax or mailed by
overnight courier or first class certified or registered mail, return receipt
requested, postage prepaid and properly addressed as follows:

If to Media 1 Capital Group and David Wood:
David Wood
15800 John J Delaney Drive, Ste. 325
Charlotte, NC  28277

As to the Company:
World Health Alternatives, Inc.
300 Penn Center Blvd.
Pittsburgh, PA  15235

Any party may change its address for purposes of this provision by giving the
other party written notice of the new address in the manner set forth above.
Notice will be conclusively deemed to have been given when personally delivered,
or if given by mail, on the second day after being sent by overnight courier or
on the third day after being sent by first class, registered or certified mail,
or if given by fax, when confirmation of transmission is indicated by the
sender's fax machine.

16. Independent Contractor
Media 1 shall provide said services as an independent contractor, and not as an
employee or of any company affiliated with the Company. Media 1 has no authority
to bind the Company or any affiliate of the Company to any legal action,
contract, agreement, or purchase, and such action cannot be construed to be made
in good faith or with the acceptance of the Company; thereby becoming the sole
responsibility of Media 1. Media 1 is not entitled to any medical coverage, life
insurance, savings plans, health insurance, or any and all other benefits
afforded the Company employees. Media 1 shall be solely responsible for any
Federal, State or local taxes, and should the Company for any reason by required
to pay taxes at a later date, Media 1 shall reassure such payment is made by
Media 1 and not by the Company. Media 1 shall be responsible for all workers
compensations payments and herein holds the Company harmless for any and all
such payments and responsibilities related hereto.

17. Arbitration. All controversies, disputes or claims arising out of or
relating to this Agreement shall be resolved by binding arbitration. The
arbitration shall be conducted in accordance with the Commercial Arbitration
Rules of the American Arbitration Association. All arbitrators shall possess
such experience in, and knowledge of, the subject area of the controversy or
claim so as to qualify as an "expert" with respect to such subject matter. The
governing law for the purposes of any arbitration arising hereunder shall be in
Pennsylvania. The prevailing party shall be entitled to receive its reasonable
attorney's fees and all costs relating to the arbitration. Any award rendered by
arbitration shall be final and binding on the parties, and judgment thereon may
be entered in any court of competent jurisdiction. This Agreement shall be
governed by and construed in accordance with the laws of the state of
Pennsylvania, without regard to the conflicts of laws provisions thereof, and
may not be amended or modified except in writing signed by both parties.

19. Successors. This Agreement and all rights and obligations thereunder shall
be binding upon and inure to the benefit of each party's successors, but may not
be assigned without the prior written consent of the other party, which shall
not be unreasonably withheld or delayed.

20. Severability. If any provision of this Agreement shall be held or made
invalid by a statute, rule, regulation, decision of a tribunal or otherwise, the
remainder of this Agreement shall not be affected thereby and, to this extent,
the provisions of this Agreement shall be deemed severable.

21. Authorization. The Company represents and warrants that it has all requisite
power and authority, and has received all necessary authorizations, to enter
into and carry out the terms and provisions of this Agreement.

Media 1 Financial Group LLC

By: /s/ David Wood
David Wood

/s/ David Wood
David Wood, an individual

The Company: World Health Alternatives, Inc.

By: /s/ Rich McDonald
Rich McDonald
Chief Executive OfficerEXHIBIT 4.1

THE SECURITIES REPRESENTED BY THIS WARRANT CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND
MAY NOT BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR
OTHERWISE DISPOSED OF EXCEPT PURSUANT TO (I) AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE ACT, (II) TO THE EXTENT APPLICABLE, RULE 144 UNDER THE ACT (OR ANY
SIMILAR RULE UNDER SUCH ACT RELATING TO THE DISPOSITION OF SECURITIES), OR (III)
AN OPINION OF COUNSEL, IF SUCH OPINION SHALL BE REASONABLY SATISFACTORY TO
COUNSEL TO THE ISSUER, THAT AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT IS
AVAILABLE.

                               MEDI-HUT CO., INC.

                               WARRANT CERTIFICATE
                     Common Stock, par value $.001 per share

Date of Issue: February 1, 2003                              Warrant to Purchase
                                                                1,500,000 Shares

         THIS CERTIFIES THAT, for value received, Century Capital Associates
LLC, or its registered assigns, is entitled, subject to the provisions of this
Warrant Certificate (this "Warrant"), to purchase an aggregate of 1,500,000
shares of common stock, par value $.001 per share ("Common Stock"), of Medi-Hut
Co., Inc. (the "Company").

         The number of shares of the Common Stock to be received upon the
exercise of this Warrant and the payment of the Underlying Share Purchase Price
(as hereinafter defined) therefor are subject to adjustment from time-to-time as
hereinafter set forth.

         SECTION 1. Definitions. The following terms as used in this Warrant
shall have the meanings set forth below:

         (a) "Assignment Form" means the form attached hereto as Exhibit A.

         (b) "Affiliate" means, with respect to any Person, any other Person
directly or indirectly controlling (including but not limited to all directors
and officers of such Person), controlled by, or under direct or indirect common
control with such Person. For purposes of this definition, "controlling"
(including with its correlative meanings, the terms "controlled by" and "under
common control with") as used with respect to any Person shall mean the
possession, directly or indirectly, of the power (i) to vote or direct the vote
of ten percent (10%) or more of the securities having ordinary voting power of a
corporation or other business entity, or (ii) to direct or cause the direction
of the management and policies of a corporation or other business entity,
whether through the ownership of securities, by contract of otherwise.

         (c) "Associate" shall mean, with respect to any Person, (i) a
corporation or organization (other than the Company or a Subsidiary of the
Company) of which such Person is an officer or partner or is, directly or
<page>

indirectly, the beneficial owner of ten percent (10%) or more of any class of
equity securities, (ii) any trust or other estate in which such Person has a
substantial beneficial interest or as to which such Person serves as trustee or
in a similar capacity, (iii) any relative or spouse of such Person, or (iv) any
relative of such spouse who has the same home as such Person or who is a
director or officer of the Company or its Subsidiaries.

         (d) "Business Day" means any day other than a Saturday, a Sunday or a
day on which banks are required or permitted to be closed in the State of New
Jersey.

         (e) "Cashless Exercise" shall have the meaning set forth in Section
2(c) hereof.

         (f) "Cashless Exercise Form" means the form attached hereto as Exhibit
B.

         (g) "Change of Control" shall have the meaning set forth in Section
4(e)(i) hereof.

         (h) "Claims" shall have the meaning set forth in Section 6(f) hereof.

         (i) "Common Stock" shall have the meaning set forth in the introductory
paragraph.

         (j) "Company" shall have the meaning set forth in the introductory
paragraph, or any successor thereof.

         (k) "Consulting Agreement" shall have the meaning set forth in Section
2(b) hereof.

         (l) "Convertible Securities" shall have the meaning set forth in
Section 4(b)(i) hereof.

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

         (n) "Excluded Securities" means the issuance by the Company of shares
(i) of its capital stock (A) offered to the public pursuant to a Qualified
Public Offering, (B) in connection with any dividend or distribution to the
holders of Common Stock, (C) upon exercise of any Options issued pursuant to any
employee stock option or executive incentive ownership plans approved by a
majority of the directors of the Company, (D) any shares of capital stock issued
in connection with any stock splits, reclassifications, recapitalizations or
similar events, or (E) any shares of capital stock issued in connection with any
acquisition of another company or technology rights, or (ii) any Options issued
pursuant to any of the plans referred to in clause (i)(C) above.

         (o) "Exercise Date" shall mean any date on which the Company shall have
received (i) this Warrant, together with a Subscription Form or Cashless
Exercise Form duly executed by the Warrant Holder, or his, her or its
attorney-in-fact duly authorized in writing, and (ii) if other than a Cashless
Exercise, payment in cash, or by official bank or certified check made payable
to the Company, of an amount in lawful money of the United States of America
equal to the Underlying Share Purchase Price, plus transfer taxes, if any.

         (p) "Indemnified Party" shall have the meaning set forth in Section
6(f) hereof.

                                       2
<page>

         (q) "Independent Directors" means the members of the Company's Board of
Directors with no affiliation with the Company other than in their capacity as
directors.

         (r) "Independent Investment Bank" means any investment bank or
valuation firm chosen by the Company and approved by a majority of the
Independent Directors.

         (s) "Inspectors" shall have the meaning set forth in Section 6(b)(xi)
hereof.

         (t) "Issuance Date" means February 1, 2003.

         (u) "Market Price" means, as to any security, the average of the
closing prices of such security's sales on all domestic securities markets on
which such security may at the time be listed, or, if there have been no sales
on any such exchange on any day, the average of the highest bid and lowest asked
prices on all such markets at the end of such day, or, if on any day such
security is not so listed, the average of the representative bid and asked
prices quoted on the NASDAQ Bulletin Board as of 4:00 P.M., New York time, on
such day, or, if on any day such security is not quoted on the NASDAQ Bulletin
Board, the average of the highest bid and lowest asked prices on such day in the
domestic over-the-counter market as reported by the National Quotation Bureau,
Incorporated, or any similar successor organization; in each such case averaged
over a period of ten (10) days immediately preceding the day as of which "Market
Price" is being determined; provided that if such security is listed on any
domestic securities market, the term "Business Days" as used in this sentence
means business days on which such exchange is open for trading. If at any time
such security is not listed on any domestic securities exchange or quoted on the
NASDAQ Bulletin Board or other domestic over-the-counter market, the "Market
Price" shall be the fair value thereof as determined in good faith by a majority
of the Independent Directors (determined without giving effect to any discount
for minority interest, any restrictions on transferability or any lack of
liquidity of the Common Stock or to the fact that the Company has no class of
equity registered under the Securities Act), such fair value to be determined by
reference to the case price that would be paid between a fully informed buyer
and seller under no compulsion to buy or sell; provided, however, (i) in the
event that the Warrant Holder reasonably disagrees with the determination of the
fair value by a majority of the Independent Directors or (ii) if such fair value
is being determined in connection with an issuance of securities solely to one
or more Affiliates of the Company, then in each such case if so required by the
Warrant Holder, such fair value shall be determined by an Independent Investment
Bank and the determination of such Independent Investment Bank shall be final
and binding on the Company and the Warrant Holder.

         (v) "NASDAQ" means the National Association of Securities Dealers
Automated Quotation System.

         (w) "Options" shall have the meaning set forth in Section 4(b)(i)
hereof.

         (x) "Permitted Issuance" means the issuance by the Company of shares
(i) of Common Stock (A) offered to the public pursuant to a Qualified Public
Offering, (B) upon conversion of any of the convertible securities issued by the
Company and outstanding as of the Issuance Date, (C) in connection with any
dividend or distribution to the holders of Common Stock, (D) upon exercise of
any Options outstanding prior to the Issuance Date or thereafter issued pursuant

                                       3
<page>

to any stock option or warrants or pursuant to employee stock option or
executive incentive ownership plans approved by a majority of the Independent
Directors, or (E) any shares of Common Stock issued in connection with any stock
splits, reclassifications, recapitalizations or similar events, or (ii) any
Options issued pursuant to any of the plans referred to in clause (i)(D) above.

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

         (z) "Qualified Public Offering" means an underwritten public offering
of shares of Common Stock in which the Company shall have received net proceeds
of at least $15 million and which result in a listing of the Common Stock on a
national securities exchange or the NASDAQ National Market or NASDAQ SmallCap
Market.

         (aa) "Registrable Securities" means (i) the Underlying Shares, and (ii)
any securities issued or issuable with respect to Common Stock by the way of
stock dividend or stock split or in connection with a combination or
reorganization or otherwise.

         (bb) "Registration Statement" shall have the meaning set forth in
Section 6(b) hereof.

         (cc) "Requested Information" shall have the meaning set forth in
Section 6(d)(i) hereof.

         (dd) "Rule 144" shall have the meaning set forth in Section 6(h)
hereof.

         (ee) "SEC" means the Securities and Exchange Commission.

         (ff) "SEC Reports" shall have the meaning set forth in Section 3(b)
hereof.

         (gg) "Securities Act" means the Securities Act of 1933, as amended.

         (hh) "Subscription Form" means the form attached hereto as Exhibit C.

         (ii) "Subsidiary" means, with respect to the Company, any corporation
of which an aggregate of fifty percent (50%) or more of the outstanding capital
stock having ordinary voting power to elect a majority of the board of directors
of such corporation (irrespective of whether, at the time, capital stock of any
other class or classes of such corporation shall have or might have voting power
by reason of the happening of any contingency) is at the time, directly or
indirectly, owned by the Company and/or one or more Subsidiaries of the Company.

         (jj) "Transfer Agent" means the Company or any firm engaged to act as
the transfer agent of the Company.

         (kk) "Underlying Share Expiration Date" means the last date on which
this Warrant may be exercised, which shall be 5:00 p.m., New York City time, on
the day before the date which is ten (10) years from the Issuance Date, or if
such expiration date is not a Business Day, at or before 5:00 p.m. New York City
time on the next following Business Day.

                                       4
<page>

         (ll) "Underlying Share Purchase Price" shall mean the purchase price to
be paid upon the exercise of this Warrant with respect to the Underlying Shares
in accordance with the terms hereof, which price shall be $1.34 per Underlying
Share, subject to adjustment from time to time pursuant to the provisions of
Section 4 hereof.

         (mm) "Underlying Shares" means the 1,500,000 shares of Common Stock
that are the subject of this Warrant, subject to adjustment from time to time as
provided herein.

         (nn) "Violation" shall have the meaning set forth in Section 6(f)
hereof.

         (oo) "Warrant" shall have the meaning set forth in the introductory
paragraph.

         (pp) "Warrant Holder" means a person or entity in whose name this
Warrant shall be either initially or subsequently registered upon the books to
be maintained by the Company for such purpose, and "Warrant Holders" means,
collectively, the Warrant Holder and all other persons or entities in whose name
the Warrants shall be either initially or subsequently registered upon the books
to be maintained by the Company for such purpose.

         SECTION 2. Duration, Vesting and Exercise.

         (a) Duration. This Warrant may be exercised from time to time, upon the
terms and subject to the conditions set forth herein, at any time on or before
the Underlying Share Expiration Date. If this Warrant is not exercised in
accordance with the terms hereof on or before the Underlying Share Expiration
Date, the Warrant Holder shall no longer be entitled to purchase the Underlying
Shares and all rights hereunder to purchase such Underlying Shares shall
thereupon cease.

         (b) Vesting. This Warrant shall vest as follows:

             (i) 375,000 of the Underlying Shares shall be eligible for purchase
on and after the Issuance Date; and

             (ii) another 46,875 of the Underlying Shares shall become eligible
for purchase on and after the last day of each month commencing February 28,
2003 and ending January 31, 2005.

             All Underlying Shares shall be deemed fully vested upon (x) the
termination of the Consulting Services Agreement between the Warrant Holder and
the Company, dated February 21, 2003 (the "Consulting Agreement"), for any
reason other than a "for cause" termination by the Company, and (y) ten (10)
days before the effective date of a Change of Control. In addition, any of the
Underlying Shares not vested upon the termination of the Consulting Agreement by
the Company "for cause," shall not be thereafter eligible for vesting or
purchase under this Warrant.

         (c) Exercise.

             (i) A Warrant Holder may exercise this Warrant, in whole or in
part, to purchase the vested Underlying Shares in such amounts as may be elected
upon surrender of this Warrant, together with a duly executed Subscription Form,

                                       5
<page>

to the Company at its corporate office, together with the full Underlying Share
Purchase Price for each Underlying Share to be purchased, in lawful money of the
United States, or by certified check or bank draft payable in United States
dollars to the order of the Company and upon compliance with and subject to the
conditions set forth herein.

             (ii) Upon receipt of this Warrant, together with a duly executed
Subscription Form, and accompanied by payment of the Underlying Share Purchase
Price for the number of vested Underlying Shares for which this Warrant is then
being exercised, the Company shall, subject to Section 7(b) hereof, cause to be
issued and delivered promptly, but in no event later than the third Business Day
after the date on which the Company receives this Warrant, the Subscription Form
and the Underlying Share Purchase Price, to the Warrant Holder certificates for
such shares of Common Stock in such denominations as are requested by the
Warrant Holder in the Subscription Form.

             (iii) In case a Warrant Holder shall exercise this Warrant with
respect to less than all of the Underlying Shares, the Company will execute a
new Warrant, which shall be exercisable for the balance of the Underlying Shares
that may be purchased upon exercise of the unexercised portion of this Warrant
and shall deliver such new Warrant to the Warrant Holder.

             (iv) This Warrant shall be deemed to have been exercised
immediately prior to the close of business on the Exercise Date, and the Person
entitled to receive the vested Underlying Shares and any new Warrant
representing the unexercised portion of this Warrant deliverable upon such
exercise shall be treated for all purposes as the holder of such Underlying
Shares and new Warrant, respectively, upon such exercise as of the close of
business on the Exercise Date.

             (v) The Company covenants and agrees that it will pay when due and
payable any and all taxes that may be payable in respect of the issue of this
Warrant or the issue of any vested Underlying Shares. The Company shall not,
however, be required to pay any tax that may be payable in respect of any
transfer by the Warrant Holder of this Warrant or any Underlying Shares to any
person or entity at the time of surrender. Until the payment of the tax referred
to in the previous sentence and the presentation to the Company by the Warrant
Holder of reasonable proof of such payment, the Company shall not be required to
issue Underlying Shares or a new Warrant representing the unexercised portion of
this Warrant to any transferee.

         (d) Cashless Exercise. In lieu of payment of the Underlying Share
Purchase Price, a Warrant Holder may exercise this Warrant, in whole or in part,
by presentation and surrender of this Warrant to the Company, together with a
duly executed Cashless Exercise Form (or a reasonable facsimile thereof) (a
"Cashless Exercise"); provided, however, that a Cashless Exercise will only be
accounted by the Company if the Company's Common Stock has been trading in a
public market for at least thirty (30) continuous days prior to the date of such
exercise. Acceptance by the Company of such presentation and surrender shall be
deemed a waiver of the Warrant Holder's obligation to pay all or any portion of
the Underlying Share Purchase Price in cash, as the case may be. In the event of
a Cashless Exercise, the Warrant Holder shall exchange this Warrant for that
number of shares of Common Stock determined by multiplying the number of shares
of Common Stock for which this Warrant is being exercised by a fraction, the
numerator of which shall be the difference between the then current Market Price
per share of the Common Stock and the Underlying Share Purchase Price, and the
denominator of which shall be the then current Market Price per share of Common
Stock.

                                       6
<page>

         SECTION 3. Covenants.

         (a) Issuance and Sale of Underlying Shares. The Company covenants that
it will at all times reserve and keep available, free from preemptive rights,
out of its authorized Common Stock, solely for the purpose of issuance upon
exercise of this Warrant, such number of shares of Common Stock as shall equal
the aggregate number of the Underlying Shares. The Company covenants that all
shares of Common Stock that shall be issuable upon exercise of this Warrant
shall, at the time of delivery, and, subject to Section 2(c) hereof, upon
receipt by the Company of the Underlying Share Purchase Price, be duly and
validly issued, fully paid, nonassessable and free from all taxes, liens and
charges with respect to the issue thereof (other than those which the Company
shall promptly pay or discharge).

         The Transfer Agent for the Common Stock will be irrevocably authorized
and directed at all times to reserve such number of authorized shares of Common
Stock as shall be required for such purpose. The Company will keep a copy of
this Warrant on file with the Transfer Agent, if such agent is other than the
Company. The Company will supply such Transfer Agent with duly executed
certificates for such purposes and will provide or otherwise make available any
cash which may be payable as provided in Section 7(b) hereof. The Company will
furnish such Transfer Agent with a copy of all notices of adjustments and
certificates related thereto transmitted to the Warrant Holder pursuant to
Section 4(k) hereof.

         (b) SEC Reports. For so long as this Warrant remains outstanding, the
Company shall cause copies of all of the information, documents and other
reports (or copies of such portions of any of the foregoing as the SEC may by
rules and regulations prescribe) which the Company is required to file with the
SEC pursuant to Section 13 or 15(d) of the Exchange Act ("SEC Reports") to be
mailed to the Warrant Holder at the address set forth or as provided herein, in
each case, within fifteen (15) days of filing with the SEC.

         (c) Restrictive Legend. Each certificate evidencing shares of Common
Stock issued to the Warrant Holder following the exercise of this Warrant shall
bear the following restrictive legend until such time as the transfer of such
security is not restricted under the federal securities laws:

                  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
                  "ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED,
                  SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
                  DISPOSED OF EXCEPT PURSUANT TO (I) AN EFFECTIVE REGISTRATION
                  STATEMENT UNDER THE ACT, (II) TO THE EXTENT APPLICABLE, RULE
                  144 UNDER THE ACT (OR ANY SIMILAR RULE UNDER SUCH ACT RELATING

                                       7
<page>

                  TO THE DISPOSITION OF SECURITIES), OR (III) AN OPINION OF
                  COUNSEL, IF SUCH OPINION SHALL BE REASONABLY SATISFACTORY TO
                  COUNSEL TO THE ISSUER, THAT AN EXEMPTION FROM REGISTRATION
                  UNDER SUCH ACT IS AVAILABLE.

         SECTION 4. Adjustment of Underlying Share Purchase Price and Number of
Underlying Shares. The number of Underlying Shares purchasable upon the exercise
of this Warrant and the payment of the Underlying Share Purchase Price shall be
subject to adjustment from time to time as follows:

         (a) Issuance or Sale of Securities. If in any calendar quarter the
Company issues or sells, or in accordance with subsection (b) below is deemed to
have issued or sold, any shares of Common Stock of the Company (including
options, warrants or other securities convertible or exercisable into shares of
Common Stock) in excess of 0.5% of the number of shares of Common Stock then
outstanding (other than pursuant to a Permitted Issuance) for a consideration
per share less than Underlying Share Purchase Price in effect immediately prior
to the time of such issuance or sale, then immediately upon such issuance or
sale, the Underlying Share Purchase Price shall be reduced to a price equal to
the price or deemed price per share of Common Stock issued or sold in such
issuance or sale.

         (b) Effect on Underlying Share Purchase Price of Certain Events. For
purposes of determining the adjusted Underlying Share Purchase Price under
Section 4(a), the following shall be applicable:

             (i) Issuance of Rights or Options. If the Company in any manner
grants any rights or options to subscribe for or to purchase Common Stock or any
stock or other securities convertible into or exchangeable for Common Stock
(such rights or options being herein called "Options" and such convertible or
exchangeable stock or securities being herein called "Convertible Securities")
and the price per share for which Common Stock is issuable upon the exercise of
such Options or upon conversion or exchange of such Convertible Securities is
less than the Underlying Share Purchase Price in effect immediately prior to the
time of such issuance or sale, then the total maximum number of shares of Common
Stock issuable upon the exercise of such Options or upon conversion or exchange
of such Convertible Securities shall be deemed to be outstanding and to have
been issued and sold by the Company for such price per share, unless the
issuance of such shares of Common Stock upon such exercise, conversion or
exchange constitutes a Permitted Issuance.

         For purposes of this paragraph (b)(i), the "price per share for which
Common Stock is issuable upon exercise of such Options or upon conversion or
exchange of such Convertible Securities" is determined by dividing (x) the total
amount, if any, received or to be received by the Company as consideration for
the granting of all such Options, plus the minimum aggregate amount of
additional consideration payable to the Company upon the exercise of all such
Options, plus in the case of such Options which relate to Convertible
Securities, the minimum aggregate amount of additional consideration, if any,
payable to the Company upon the issuance or sale of such Convertible Securities
and the conversion or exchange thereof, by (y) the total number of shares of
Common Stock issuable upon exercise of all such Options or upon the conversion

                                       8
<page>

or exchange of all such Convertible Securities issuable upon the exercise of
such Options.

             (ii) Issuance of Convertible Securities. If the Company in any
manner issues or sells any Convertible Securities and the "price per share of
which Common Stock is issuable upon such conversion or exchange" is less than
the Underlying Share Purchase Price in effect immediately prior to the time of
such issuance or sale, then the maximum number of shares of Common Stock
issuable upon conversion or exchange of such Convertible Securities shall be
deemed to be outstanding and to have been issued and sold by the Company for
such price per share, unless the issuance of such shares of Common Stock upon
such exercise, conversion or exchange constitutes a Permitted Issuance. For the
purposes of this paragraph, the "price per share for which Common Stock is
issuable upon such conversion or exchange" is determined by dividing (x) the
total amount received or to be received by the Company as consideration for the
issuance or sale of all such Convertible Securities, plus the minimum aggregate
amount of additional consideration, if any, payable to the Company upon the
conversion or exchange thereof, by (y) the total maximum number of shares of
Common Stock issuable upon the conversion or exchange of all such Convertible
Securities.

             (iii) Change in Option Price or Underlying Share Purchase Price. If
the purchase price provided for in any Options, the additional consideration, if
any, payable upon the issue, conversion or exchange of any Convertible
Securities, or the rate at which any Convertible Securities are convertible into
or exchangeable for Common Stock changes at any time, the Underlying Share
Purchase Price in effect at the time of such change shall be readjusted to the
Underlying Share Purchase Price which would have been in effect at such time had
such Options or Convertible Securities still outstanding provided for such
changed purchase price, additional consideration or changed conversion rate, as
the case may be, at the time initially granted, issued or sold.

             (iv) Treatment of Expired Options and Unexercised Convertible
Securities. Upon the expiration of any Option or the termination of any right to
convert or exchange any Convertible Securities without the exercise of such
Option or right, the Underlying Share Purchase Price then in effect shall be
adjusted to the Underlying Share Purchase Price which would have been in effect
at the time of such expiration or termination had such Option or Convertible
Securities never been issued.

             (v) Calculation of Consideration Received. If any Common Stock,
Options or Convertible Securities are issued or sold or deemed to have been
issued or sold for cash, the consideration received therefor shall be deemed to
be the net amount payable by the purchaser or purchasers thereof after deducting
underwriting discounts, commissions or other expenses of sale. In case any
Common Stock, Options or Convertible Securities are issued or sold for a
consideration other than cash, the amount of the consideration other than cash
received by the Company shall be the fair value of such consideration, except
where such consideration consists of securities, in which case the amount of
consideration received by the Company shall be the Market Price thereof as of
the date of receipt. In case any Common Stock, Options or Convertible Securities
are issued to the owners of the non-surviving entity in connection with any
merger in which the Company is the surviving entity, the amount of consideration
therefor shall be deemed to be the fair value of such portion of the net assets
and business of the non-surviving entity as is attributable to such Common

                                       9
<page>

Stock, Options or Convertible Securities, as the case may be. The fair value of
any consideration other than cash or securities shall be determined by a
majority of the Independent Directors in good faith exercise of their business
judgment; provided, however, that in the event that the Warrant Holder
reasonably disagrees with such determination and so notifies the Company in
writing, the Company shall promptly retain an Independent Investment Bank to
determine such fair value, which determination shall be final and binding on the
Company and the Warrant Holder.

             (vi) Integrated Transactions. In case any Option is issued in
connection with the issue or sale of other securities of the Company, together
comprising one integrated transaction in which no specific consideration is
allocated to such Option by the parties thereto, the Option shall be deemed to
have been issued for no consideration.

         (c) Adjustment for Change in Market Price. If the Market Price for the
Common Stock, averaged over a period of thirty (30) days instead of the ten (10)
days provided in the definition of "Market Price" in Section 1 hereof, shall be
less than the Underlying Share Exercise Price, the Underlying Share Exercise
Price shall be adjusted downward to equal the Market Price for such period.

         (d) Adjustment for Stock Splits and Combinations. If the Company at any
time or from time to time after the date of this Warrant shall effect a
subdivision of the outstanding Common Stock or combines the outstanding shares
of Common Stock, then, in each such case, the Underlying Share Purchase Price in
effect immediately prior to such event shall be adjusted so that the Holder of
this Warrant shall have the right to purchase the number of shares of Common
Stock which he, she or it would have had the right to purchase after the event
had such shares of Common Stock been purchased immediately prior to the
occurrence of such event. Any adjustment under this Section 4(d) shall become
effective as of the date and time such subdivision or combination becomes
effective.

         (e) Reorganization, Reclassification, Consolidation, Merger or Sale.

             (i) Any recapitalization, reorganization, reclassification,
consolidation, merger, sale of all or substantially all of the Company's assets
to another Person and any transaction which is effected in such a way that
holders of more than fifty percent (50%) of the shares of Common Stock then
outstanding are entitled to receive (either directly or upon subsequent
liquidation) stock, securities or assets of another Person with respect to or in
exchange for Common Stock is referred to herein as a "Change of Control."

             (ii) Prior to the consummation of any Change of Control, the
Company shall make appropriate provisions, in form and substance reasonably
satisfactory to the Warrant Holder, to insure that the Warrant Holder shall
thereafter have the right to acquire and receive in lieu of or in addition to
(as the case may be) the shares of Common Stock immediately theretofore
acquirable and receivable upon the exercise of such Warrant Holder's rights
under this Warrant to purchase such shares of Common Stock or other securities
as may be issuable or payable with respect to or in exchange for the number of
shares of Common Stock immediately theretofore acquirable and receivable upon
the exercise of such Warrant Holder's rights, had such Change of Control not
taken place. In any such case, the Company shall make appropriate provisions, in

                                       10
<page>

form and substance reasonably satisfactory to at the Warrant Holder, with
respect to such Warrant Holder's rights and interests to insure that the
provisions hereof shall thereafter be applicable to this Warrant (including, in
the case of any such consolidation, merger or sale in which the successor entity
or purchasing entity is other than the Company, an immediate adjustment of the
Underlying Share Purchase Price to reflect the value for the Common Stock
reflected by the terms of such consolidation, merger or sale, if the value so
reflected is less than the Underlying Share Purchase Price in effect immediately
prior to such consolidation, merger or sale).

             (iii) The Company shall not effect any such consolidation, merger
or sale, unless prior to the consummation thereof, the successor entity (if
other than the Company) resulting from such consolidation or merger or the
corporation or other entity purchasing such assets assumes by written instrument
(which may be the agreement of consolidation, merger or sale), in form and
substance reasonably satisfactory to the Warrant Holder, the obligation to
deliver to the Warrant Holder such shares of stock, securities or assets as, in
accordance with the foregoing provisions, the Warrant Holder may be entitled to
acquire.

         (f) Certain Events. If, at any time or from time to time after the date
of this Warrant, any event occurs of the type contemplated by the provisions of
this Section 4 but not expressly provided for by such provisions (including,
without limitation, the granting of stock appreciation rights, phantom stock
rights or other rights having equity or similar features but excluding any
Permitted Issuance), then a majority of the Independent Directors shall make an
appropriate adjustment in the Underlying Share Purchase Price so as to protect
the rights of the Warrant Holder; provided that no such adjustment shall
increase the Underlying Share Purchase Price as otherwise determined pursuant to
Section 4.

         (g) No Impairment. The Company will not, through any reorganization,
recapitalization, 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.

         (h) Record Date. If the Company takes a record of the holders of Common
Stock for the purpose of entitling them (i) to receive a dividend or other
distribution payable in Common Stock, Options or in Convertible Securities, or
(ii) to subscribe for or purchase Common Stock, Options or Convertible
Securities, then such record date shall be deemed to be the date of the issue or
sale of the shares of Common Stock deemed to have been issued or sold upon the
declaration of such dividend or the making of such other distribution or the
date of the granting of such right of subscription or purchase, as the case may
be.

         (i) Actions to Maintain Underlying Share Purchase Price Above Par
Value. Before taking any action which would cause an adjustment in the
Underlying Share Purchase Price such that, upon exercise of this Warrant, shares
of Common Stock with par value, if any, would be deemed to be issued below the
then par value of the Common Stock, the Company will take any corporate action
which may, in the opinion of its counsel, be reasonable necessary in order that
the Company may validly and legally issue fully paid and nonassessable shares of
Common Stock at the Underlying Share Purchase Price as so adjusted.

                                       11
<page>

         (j) Certificate of Adjustment. In any case of an adjustment of the
number of shares of Common Stock to be purchased under this Warrant, an officer
of the Company designated by a majority of the Independent Directors shall
compute such adjustment in accordance with the provisions hereof and prepare and
sign a certificate showing such adjustment and shall mail such certificate, by
first class mail, postage prepaid, to the Warrant Holder at the address of the
Warrant Holder set forth or as provided herein. The certificate shall set forth
such adjustment showing in detail the facts upon which such adjustment,
including a statement of the number of shares of Common Stock and the type and
amount, if any, of other property which at the time would be received upon the
purchase of the Underlying Shares.

         (k) Notices of Record Date. In the event of (i) any taking by the
Company of a record of the holders of any class of securities for the purpose of
determining the holders thereof who are entitled to receive any dividend or
other distribution, (ii) to offer for subscription any additional shares of
capital stock of any class or series, (iii) to effect any reclassification or
recapitalization of Common Stock outstanding, or (iv) any Change of Control or
voluntary or involuntary dissolution, liquidation or winding up of the Company,
the Company shall mail to the Warrant Holder, not less than ten (10) days and
not more than sixty (60) days prior to the date on which the books of the
Company shall close, the record date specified therein or the effective date
thereof as the case may be, a notice specifying (A) the material terms and
conditions of the proposed action, (B) the date on which any such record is to
be taken for the purpose of such dividend or distribution and a description of
such dividend or distribution, (C) the date on which any such Change in Control,
dissolution, liquidation or winding up is expected to become effective, and (D)
the time, if any, that is to be fixed, as to when the holders of record of
Common Stock (or other securities) shall be entitled to exchange their shares of
Common Stock (or other securities) for securities or other property deliverable
upon such Change of Control, dissolution, liquidation or winding up.

         (l) Notices. Any notice required by the provisions of this Section 4
shall be in writing and shall be deemed given upon delivery, if delivered
personally, or by a recognized commercial courier with receipt acknowledged, or
upon the expiration of seventy-two (72) hours after the same has been deposited
in the United States mail, by certified or registered mail, return receipt
requested, postage prepaid, and addressed to the Warrant Holder at his, her or
its address set forth or as provided herein.

         (m) Closing of Books. The Company will at no time close its transfer
books against the transfer of any shares of Common Stock issued or issuable upon
the purchase of any shares of Common Stock under this Warrant in any manner
which interferes with the timely purchase of such shares of Common Stock.

         SECTION 5. Preemptive Rights and Dividends.

         (a) Preemptive Rights. If the Company issues additional shares of its
capital stock of any or all classes or series, or to any securities of the
Company convertible into such capital stock (other than Excluded Securities),
then the Warrant Holder shall have the preemptive right to subscribe for and
purchase any or all of his, her or its pro rata portion of such additional
issuance of securities. Such preemptive right shall be exercisable within thirty
(30) days of receipt by the Warrant Holder of written notice by the Company of
an additional issuance of securities. If the Warrant Holder desires to exercise

                                       12
<page>

his, her or its preemptive right to purchase any and all of his, her or its pro
rata portion of an additional issuance of securities, the Warrant Holder shall
notify the Company in writing at the address set forth herein or provided hereby
within the aforementioned thirty (30) day time period. The Warrant Holder's pro
rata portion of such securities shall be determined by multiplying the total
number of securities of the Company offered by a fraction, with the numerator
being that number of shares of Common Stock (including the number of shares of
Common Stock which may be purchased by the Warrant Holder under this Warrant)
held by the Warrant Holder and the denominator being the total number of shares
of Common Stock then outstanding plus the number of shares of Common Stock into
which all Convertible Securities then outstanding may be converted.

         (b) Dividends. In the event the Company shall, at any time prior to the
earlier to occur of (i) the complete exercise of this Warrant, and (ii) the
Underlying Share Expiration Date, declare or pay to the holders of Common Stock
a dividend payable in any kind of shares of capital stock of the Company or make
any distribution of its assets to holders of its Common Stock as a liquidation
or partial liquidation dividend or by way of a return or capital, then, upon the
subsequent exercise of this Warrant, the Warrant Holder shall receive, in
addition to shares of Common Stock to which he, she or it would otherwise be
entitled upon such exercise, such additional shares of stock or assets of the
Company, which he, she or it would have been entitled to receive, had he, she or
it exercised this Warrant into the shares of Common Stock prior to the happening
of such dividend or distribution.

         SECTION 6. Registration Rights.

         (a) Demand Registration. At any time after September 1, 2003, the
Warrant Holder shall have the right, exercisable by written notice to the
Company, to have the Company prepare and file with the SEC, on two (2)
occasions, a Registration Statement (as defined below) and such other documents,
including a prospectus, as may be necessary in the opinion of both counsel for
the Company and counsel for the Warrant Holder, in order to comply with the
provisions of the Securities Act, so as to permit a public offering and sale,
for a period of nine (9) months, of the vested Underlying Shares by such Warrant
Holder.

         (b) Incidental Registration. If at any time after the issuance of this
Warrant, the Company proposes to register any of its Common Stock under the
Securities Act by registration on any form other than Form S-4 or S-8, whether
or not for sale for its own account, it shall each such time give prompt written
notice to the Warrant Holder of its intention to do so and of the Warrant
Holder's registration rights under this Section 6(b). Upon the written request
of the Warrant Holder, made as promptly as practicable and in any event within
ten (10) Business Days after the receipt of notice from the Company (which
request shall specify the Registrable Securities intended to be disposed of by
the Warrant Holder and the intended method of disposition), the Company shall
use its reasonable best efforts to effect, in such registration statement (the
"Registration Statement"), the registration under the Securities Act of all
Registrable Securities that the Company has been so requested to register by the
Warrant Holder to the extent required to permit the disposition of such
Registrable Securities in accordance with the intended methods thereof described
as aforesaid; provided, however, immediately upon notification to the Company
from the managing underwriter of the price at which such securities are to be
sold, if such price is below the price which the Warrant Holder shall have
indicated to be acceptable to him, her or it, the Company shall so advise the

                                       13
<page>

Warrant Holder of such price, and the Warrant Holder shall then have the right
to withdraw his, her or its request to have his, her or its Registrable
Securities included in such Registration Statement; provided, further, that if,
at any time after giving written notice of his, her or its intention to register
any securities and prior to the effective date of the Registration Statement
filed in connection with such registration, the Company shall determine for any
reason not to register or to delay registration of such securities, the Company
may, at its election, (a) give written notice of such determination not to
register, and thereby be relieved of its obligation to register any Registrable
Securities in connection with such registration (but not from any obligation of
the Company to pay the registration expenses in connection therewith), and (b)
in the case of a determination to delay registering, shall be permitted to delay
registering any Registrable Securities, for the same period as the delay in
registering such other securities.

         If the managing underwriter of any underwritten offering under this
Section 6(b) shall inform the Company by letter that, in its opinion, the number
or type of Registrable Securities requested to be included in such registration
would adversely affect such offering, and the Company has so advised the Warrant
Holder in writing, then the Company will include in such registration, to the
extent of the number and type that the Company is so advised can be sold in (or
during the time of) such offering, first, all securities proposed by the Company
to be sold for its own account, and second, such Registrable Securities
requested to be included in such registration pursuant to this Warrant and all
other securities proposed to be registered, pro rata based on the number of
securities proposed to be registered.

         (c) Obligations of the Company. In connection with the registration of
the Registrable Securities as contemplated by Sections 6(a) and (b), the Company
shall:

             (i) prepare the Registration Statement and file it with the SEC,
and thereafter use its reasonable best efforts to cause the Registration
Statement to become effective, which Registration Statement (including any
amendments or supplements thereto and prospectuses contained therein) shall not
contain any 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 in which they were made, not misleading;

             (ii) prepare and file with the SEC such amendments (including
post-effective amendments) and supplements to the Registration Statement and the
prospectus used in connection with the Registration Statement as may be
necessary to keep the Registration Statement effective and to comply with the
provisions of the Securities Act with respect to the disposition of all
Registrable Securities covered by the Registration Statement until such time as
all of such Registrable Securities have been disposed of in accordance with the
intended methods of disposition by the seller or sellers thereof set forth in
the Registration Statement;

             (iii) furnish to the Warrant Holder such number of copies of a
prospectus, including a preliminary prospectus and all amendments and
supplements thereto, and such other documents, as the Warrant Holder may
reasonably request in order to facilitate the disposition of the Registrable
Securities owned by the Warrant Holder;

                                       14
<page>

             (iv) use reasonable efforts to (A) register and qualify the
Registrable Securities covered by the Registration Statement under such
securities or Blue Sky laws of the jurisdictions reasonably requested by the
Warrant Holder, (B) prepare and file in those jurisdictions all required
amendments (including post-effective amendments) and supplements, (C) take such
other actions as may be necessary to maintain such registrations and
qualifications in effect at all times the Registration Statement is in effect,
and (D) take all other actions necessary or advisable to enable the disposition
of such securities in all such jurisdictions; provided, however, that the
Company shall not be required in connection therewith or as a condition thereto
to qualify to do business in any jurisdiction where it would not otherwise be
required to qualify but for this Section 6(c);

             (v) (A) in the case of an underwritten offering, enter into and
perform its obligations under an underwriting agreement with the managing
underwriter of such offering, in usual and customary form, including, without
limitation, customary indemnification and contribution obligations, and (B) in
the case of any non-underwritten offering, provide to broker-dealers
participating in any distribution of Registrable Securities reasonable
indemnification substantially similar to that provided by Section 6(f) hereof.

             (vi) promptly notify the Warrant Holder of the happening of any
event of which the Company has knowledge, as a result of which the prospectus
included in the Registration Statement, as then in effect, includes an untrue
statement of a material fact or omits to state a material fact required to be
stated therein or necessary to make the statements therein, in light of the
circumstances then existing, not misleading, and use its best efforts to prepare
promptly a supplement or amendment to the Registration Statement to correct such
untrue statement or omission, and deliver a number of copies of such supplement
or amendment to the Warrant Holder as he, she or it may reasonably request;

             (vii) promptly notify the Warrant Holder (or, in the event of an
underwritten offering, the managing underwriters) of the issuance by the SEC of
any stop order or other suspension of effectiveness of the Registration
Statement, and make every reasonable effort to obtain the withdrawal of any
order suspending the effectiveness of the Registration Statement at the earliest
possible time;

             (viii) permit counsel to the Warrant Holder to review the
Registration Statement and all amendments and supplements thereto for a
reasonable period of time prior to their filing with the SEC, and shall not file
any document in a form to which such counsel reasonably objects;

             (ix) make generally available to its security holders as soon as
practical, but not later than ninety (90) days after the close of the period
covered thereby, an earnings statement (in form complying with the provisions of
Rule 158 under the Securities Act) covering a twelve month period beginning not
later than the first day of the Company's fiscal quarter next following the
effective date of the Registration Statement;

             (x) at the request of the Warrant Holder, furnish on the date that
Registrable Securities are delivered to an underwriter for sale in connection
with the Registration Statement (A) a letter, dated such date, from the
Company's independent certified public accountants, in form and substance as is

                                       15
<page>

customarily given by independent certified public accountants to underwriters in
an underwritten public offering, addressed to the underwriters, and (B) an
opinion, dated such date, from counsel representing the Company for purposes of
such Registration Statement, in form and substance as is customarily given to
underwriters in an underwritten public offering, addressed to the underwriters;

             (xi) make available for inspection by the Warrant Holder, any
underwriter participating in any disposition pursuant to the Registration
Statement, and any attorney, accountant, or other agent retained by the Warrant
Holder or underwriter (collectively, the "Inspectors"), all pertinent financial
and other records, pertinent corporate documents and properties of the Company,
as shall be reasonably necessary to enable each Inspector to exercise its due
diligence responsibility in connection with the preparation of the Registration
Statement, and cause the Company's officers, directors and employees to supply
all information reasonably requested by any such Inspector in connection with
the Registration Statement;

             (xii) use its best efforts either to (A) cause all the Registrable
Securities, except for this Warrant, covered by the Registration Statement to be
listed on a national securities exchange and on each additional national
securities exchange on which similar securities issued by the Company are then
listed, if any, if the listing of such Registrable Securities is then permitted
under the rules of such exchange or (B) secure designation of all the
Registrable Securities, except this Warrant, covered by the Registration
Statement as a NASDAQ "National Market Security" or "SmallCap Security" and the
quotation of the Registrable Securities on the NASDAQ National Market or NASDAQ
SmallCap Market;

             (xiii) provide a transfer agent and registrar, which may be a
single entity, for the Registrable Securities not later than the effective date
of the Registration Statement;

             (xiv) cooperate with the Warrant Holder and the managing
underwriter or underwriters, if any, to facilitate the timely preparation and
delivery of certificates (not bearing any restrictive legends) representing
Registrable Securities to be sold pursuant to the Registration Statement and
enable such certificates to be in such denominations or amounts, as the case may
be, and registered in such names as the managing underwriter or underwriters, if
any, or the Warrant Holder may reasonably request; and

             (xv) take all other reasonable actions necessary to expedite and
facilitate disposition of Registrable Securities by the Warrant Holder pursuant
to the Registration Statement.

         (d) Obligations of the Warrant Holder.

             (i) It shall be a condition precedent to the obligations of the
Company to take any action pursuant to this Warrant with respect to the Warrant
Holder that the Warrant Holder shall furnish to the Company such information
regarding the Warrant Holder, the Registrable Securities held by the Warrant
Holder and the intended method of disposition of such securities as shall be
reasonably required to effect the registration of the Registrable Securities and
shall execute such documents and agreements in connection with such registration
as the Company may reasonably request. At least fifteen (15) Business Days prior
to the first anticipated filing date of the Registration Statement, the Company

                                       16
<page>

shall notify the Warrant Holder of the information the Company requires from he,
she or it (the "Requested Information") if he, she or it elects to have any of
its Registrable Securities included in the Registration Statement. If within
three (3) Business Days of the filing date the Company has not received the
Requested Information from the Warrant Holder, then the Company may file the
Registration Statement without including Registrable Securities of the Warrant
Holder.

             (ii) The Warrant Holder, by its, his or her acceptance of the
Registrable Securities, agrees to cooperate with the Company in connection with
the preparation and filing of any Registration Statement hereunder.

             (iii) In the event of an underwritten offering, the Warrant Holder
agrees to enter into and perform its obligations under an underwriting
agreement, in usual and customary form, including without limitation customary
indemnification and contribution obligations, with the managing underwriter of
such offering and to take such other actions as are reasonably required in order
to expedite or facilitate the disposition of the Registrable Securities, unless
the Warrant Holder has decided not to participate.

             (iv) The Warrant Holder agrees that, upon receipt of any notice
from the Company of the happening of any event of the kind described in Section
6(c)(vi), the Warrant Holder will immediately discontinue disposition of
Registrable Securities pursuant to the Registration Statement covering such
Registrable Securities until its, his or her receipt of the copies of the
supplemented or amended prospectus contemplated by Section 6(c)(vi) and, if so
directed by the Company, the Warrant Holder shall deliver to the Company (at the
expense of the Company) or destroy (and deliver to the Company a certificate of
such destruction) all copies, other than permanent file copies then in its, his
or her possession, of the prospectus covering such Registrable Securities
current at the time of receipt of such notice.

         (e) Expenses of Registration. In connection with any and all
registrations pursuant to Section 6, all expenses other than underwriting
discounts and commissions incurred in connection with registration, filings or
qualifications, including, without limitation, all registration, listing, filing
and qualification fees, printing and accounting fees and costs, the fees and
disbursements of counsel for the Company and the reasonable fees and
disbursements for one firm of counsel for the Warrant Holder shall be borne by
the Company.

         (f) Indemnification. In the event any Registrable Securities are
included in a Registration Statement under this Warrant:

             (i) To the extent permitted by law, the Company will indemnify and
hold harmless the Warrant Holder (in such capacity) and, if applicable, its
members, managers, directors, officers and/or agents, any underwriter (as
defined in the Securities Act) for the Warrant Holder, and each person, if any,
who controls any such underwriter within the meaning of Section 15 of the
Securities Act (collectively, an "Indemnified Party"), against any losses,
claims, damages, expenses, liabilities (joint or several) (collectively,
"Claims") to which any of them may become subject under the Securities Act, the
Exchange Act or otherwise, insofar as such Claims (or actions or proceedings,
whether commenced or threatened, in respect thereof) arise out of or are based
upon any of the following statements, omissions or violations (collectively, a

                                       17
<page>

"Violation"); (A) any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement or any post-effective amendment
thereof, or the omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, or (B) any untrue statement or alleged untrue statement of a
material fact contained in any preliminary prospectus if used prior to the
effective date of such Registration Statement, or contained in the final
prospectus (as amended or supplemented if the Company files any amendment
thereof or supplement thereto with the SEC), or the omission or alleged omission
to state therein a material fact required to be stated therein, or necessary in
order to make the statements therein, in light of the circumstances under which
they were made, not misleading. Subject to the restrictions set forth in Section
6(f)(iv) with respect to the number of legal counsel, the Company shall promptly
reimburse the Warrant Holder, and each such other person entitled to
indemnification under this Section 6(f)(i), as such expenses are incurred and
are due and payable, for any legal fees or other reasonable expenses incurred by
them in connection with investigating or defending any such Claim, whether or
not such Claim, investigation or proceeding is brought or initiated by the
Company or a third party. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section 6(f)(i) shall
not (A) apply to a Claim arising out of or based upon a Violation which occurs
in reliance upon and in conformity with information furnished in writing to the
Company by the Warrant Holder expressly for use in connection with the
preparation of the Registration Statement, any prospectus or any such amendment
thereof or supplement thereto or any failure of the Warrant Holder to deliver a
prospectus as required by the Securities Act; or (B) apply to amounts paid in
settlement of any Claim if such settlement is effected without the prior written
consent of the Company, which consent shall not be unreasonably withheld. Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Warrant Holder and shall survive the transfer of the
Registrable Securities by the Warrant Holder as provided herein.

             (ii) In connection with any Registration Statement in which the
Warrant Holder is participating in such capacity, the Warrant Holder agrees to
indemnify and hold harmless, to the same extent and in the same manner set forth
in Section 6(f)(i), the Company, each of its directors, each of its officers who
sign the Registration Statement, each person, if any, who controls the Company
within the meaning of the Securities Act, any underwriter and any other
stockholder selling securities pursuant to the Registration Statement or any of
its directors or officers or any person who controls such stockholder or
underwriter (collectively, also an "Indemnified Party"), against any Claim to
which any of them may become subject, under the Securities Act, the Exchange Act
or otherwise, insofar as such Claim arises out of or is based upon any
Violation, in each case to the extent (and only to the extent) that such
Violation occurs in reliance upon and in conformity with written information
furnished to the Company by the Warrant Holder expressly for use in connection
with such Registration Statement; and the Warrant Holder shall promptly
reimburse an Indemnified Party, as such expenses are incurred and are due and
payable, for any legal fees or other reasonable expenses incurred by the
Indemnified Party in connection with investigating or defending any such Claim,
whether or not such claim, investigation or proceeding is brought or initiated
by the Indemnified Party or a third party; provided, however, that the indemnity
agreement contained in this Section 6(f)(ii) shall not apply to amounts paid in

                                       18
<page>

settlement of any Claim if such settlement is effected without the prior written
consent of the Warrant Holder, which consent shall not be unreasonably withheld;
provided, further, that the Warrant Holder shall be liable under this Section
6(f)(ii) for only that amount of a Claim as does not exceed the net proceeds to
it as a result of the sale of Registrable Securities pursuant to such
Registration Statement.

             (iii) The Company shall be entitled to receive indemnification from
underwriters, selling brokers, dealer managers, and similar securities industry
professionals participating in the distribution to the same extent as provided
above, with respect to information about such persons so furnished in writing by
such persons expressly for inclusion in the Registration Statement.

             (iv) Promptly after receipt by an Indemnified Party under this
Section 6(f) of notice of the commencement of any action (including any
governmental action), such Indemnified Party shall, if a Claim in respect
thereof is to be made against any indemnifying party under this Section 6(f),
deliver to an indemnifying party a written notice of the commencement thereof,
and the indemnifying party shall have the right to participate in, and, to the
extent the indemnifying party so desires, jointly with any other indemnifying
party similarly given notice, to assume control of the defense thereof with
counsel satisfactory to the Indemnified Party; provided, however, that an
Indemnified Party shall have the right to retain its, his or her own counsel,
with the fees and expenses to be paid by the indemnifying party, if, in the
reasonable opinion of counsel for such party, representation of such party by
the counsel retained by the indemnifying party would be inappropriate due to
actual or potential differing interests between such party and any other party
represented by such counsel in such proceeding. The Company shall pay for only
one legal counsel for the Warrant Holder and any Indemnified Party related
thereto; such legal counsel shall be selected by the Warrant Holder or such
other Indemnified Party subject to the Company's approval which shall not be
unreasonably withheld. The failure to deliver written notice to the indemnifying
party within a reasonable time of the commencement of any such action shall not
relieve such indemnifying party of any liability to another under this Section
6(f), except to the extent that such failure to notify results in the forfeiture
by the indemnifying party of substantive rights or defenses. The indemnification
required by this Section 6(f) shall be made by periodic payments of the amount
thereof during the course of the investigation or defense, as such expense,
loss, damage or liability is incurred and is due and payable.

         (g) Contribution. To the extent any indemnification by an indemnifying
party is prohibited or limited by law, the indemnifying party agrees to make the
maximum contribution with respect to any amounts for which, he, she or it would
otherwise be liable under Section 6(d) to the fullest extent permitted by law;
provided, however, that (i) no contribution shall be made under circumstances
where the maker would not have been liable for indemnification under Section
6(d), (ii) no seller of Registrable Securities guilty of fraudulent
misrepresentation (within the meaning used in the Securities Act) shall be
entitled to contribution from any seller of Registrable Securities who was not
guilty of such fraudulent misrepresentation, and (iii) contribution by any
seller of Registrable Securities shall be limited in amount to the net amount of
proceeds received by such seller from the sale of such Registrable Securities.

         (h) Reports Under Exchange Act. With a view to making available to the
Warrant Holder the benefits of Rule 144 promulgated under the Securities Act or
any other similar rule or regulation of the SEC that may at any time permit the
security holders to sell securities of the Company to the public without
registration ("Rule 144"), the Company shall at all times:

                                       19
<page>

             (i) make and keep public information available, as those terms are
understood and defined in Rule 144;

             (ii) file with the SEC in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange Act;
and

             (iii) furnish to the Warrant Holder while a holder hereof, promptly
upon request, (A) a written statement by the Company that it has complied with
the reporting requirements of Rule 144, the Securities Act and the Exchange Act,
(B) a copy of the most recent annual or quarterly report of the Company and such
other reports and documents so filed with the SEC by the Company, and (C) such
other information as may be reasonably requested to permit the Warrant Holder to
sell such securities without registration.

         SECTION 7. Other Provisions Relating to Rights of the Warrant Holder.

         (a) Warrant Holder not a Shareholder. The Warrant Holder, as such,
shall not be entitled to vote or receive dividends or be deemed holders of
Common Stock for any purpose whatsoever, nor shall anything contained in this
Warrant be construed to confer upon the Warrant Holder, as such, any of the
rights of a stockholder of the Company, including, but not limited to, the right
to vote for the election of directors or on any other matter, give or withhold
consent to any action by the Company (whether upon any recapitalization, issue
of stock, reclassification of stock, consolidation, merger, conveyance or
otherwise), receive notice of meetings or other action affecting stockholders
(except for notices provided for in this Warrant), receive dividends or
subscription rights, or otherwise until this Warrant shall have been exercised
to purchase Underlying Shares, at which time the person or persons in whose name
or names the certificate or certificates for the shares of Common Stock are
registered shall be deemed the holder or holders of record of such shares of
Common Stock for all purposes.

         (b) Fractional Shares. Anything contained herein to the contrary
notwithstanding, the Company shall not be required to issue any fractional
shares of Common Stock in connection with the exercise of this Warrant. In any
case where the Warrant Holder would, except for the provisions of this Section
7(b), be entitled under the terms of this Warrant to receive a fraction of a
share of Common Stock upon the exercise of this Warrant, the Company shall, upon
the exercise of this Warrant and receipt of the Underlying Share Purchase Price,
issue the largest number of whole shares of Common Stock purchasable upon
exercise of this Warrant. The Warrant Holder expressly waives his, her or its
right to receive a certificate of any fraction of a share of Common Stock upon
the exercise hereof. However, with respect to any fraction of a share of Common
Stock called for upon any exercise hereof, the Company shall pay to the Warrant
Holder an amount in cash equal to such fraction multiplied by the Market Price
per share of Common Stock.

         (c) Absolute Owner. Prior to due presentment for registration of
transfer of the Warrant Certificates, the Company may deem and treat the Warrant
Holder as the absolute owner of this Warrant for the purpose of any exercise
thereof and for all other purposes and the Company shall not be affected by any
notice to the contrary.

                                       20
<page>

         SECTION 8. Division, Split-Up, Combination, Exchange and Transfer of
                    Warrants

         (a) Request. This Warrant may be divided, split up, combined or
exchanged for other Warrants of like tenor to purchase a like aggregate number
of Underlying Shares. If the Warrant Holder desires to divide, split up, combine
or exchange this Warrant, he, she or it shall make such request in writing
delivered to the Company at its corporate offices in Wall, New Jersey, or as
otherwise directed by the Company in writing, and shall surrender the Warrant to
be so divided, split up, combined or exchanged at said office; provided,
however, that if this Warrant is divided or split up and any resulting warrant
is to be issued in the name of a person other than the Warrant Holder, the
Warrant Holder must comply with the provisions of Section 8(b) hereof. Upon any
such surrender for a division, split-up, combination or exchange, the Company
shall execute and deliver to the Warrant Holder the new Warrants as so
requested. The Company may require the Warrant Holder to pay a sum sufficient to
cover any tax, governmental or other charge that may be imposed in connection
with any division, split-up, combination or exchange of this Warrant.

         (b) Assignment; Replacement of Warrant Certificates. This Warrant may
be sold, transferred, assigned or hypothecated by the Warrant Holder at any
time, in whole or in part, subject to compliance with federal and state
securities laws; provided, however, the Warrant Holder shall provide an opinion
of counsel, which opinion shall be reasonably satisfactory to counsel to the
Company, that the transfer, assignment or hypothecation qualifies for an
exemption from registration under the Securities Act. Any division or assignment
permitted of this Warrant shall be made by surrender by the Warrant Holder of
this Warrant to the Company at its principal office with the Assignment Form
attached as Exhibit A hereto duly executed, together with funds sufficient to
pay any transfer tax. In such event, the Company shall, without charge, execute
and deliver one or more new Warrants in the name of the assignees named in such
instrument of assignment and the surrendered Warrant shall promptly be canceled;
provided however, if less than all of the Underlying Shares are assigned, the
remainder of this Warrant will be evidenced by a new Warrant. Upon receipt by
the Company of evidence satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant and (in the case of loss, theft or destruction) of
reasonably satisfactory indemnification, and (in the case of mutilation) upon
surrender and cancellation of this Warrant, the Company will execute and deliver
a new Warrant of like tenor and date and any such lost, stolen or destroyed
Warrant shall thereupon become void.

         SECTION 9. Other Matters.

         (a) Taxes and Charges. The Company will from time to time promptly pay,
subject to the provisions of paragraph (v) of Section 2(b), all taxes and
charges that may be imposed upon the Company in respect of the issuance or
delivery, but not the transfer, of this Warrant or the Underlying Shares.

         (b) Notices. Except as otherwise provided herein, notice or demand
pursuant to this Agreement to be given or made by the Warrant Holder to or on
the Company or by the Company to or on the Warrant Holder, shall be sufficiently
given or made if delivered personally or by overnight courier, or sent by
registered or certified mail, postage prepaid, return receipt requested, or by
facsimile transmission, electronically confirmed and addressed, until another

                                       21
<page>

address is designated in writing by either the Company or the Warrant Holders,
as the case may be, as follows:

                           If to the Company:

                           Medi-Hut Co., Inc.
                           1345 Campus Parkway
                           Wall, NJ 07753
                           Attention: Chairman
                           Telephone No.: (732) 919-2799
                           Facsimile No.: (732) 919-2798

                           If to the Warrant Holder:

                           Century Capital Associates LLC
                           215 Morris Avenue
                           Spring Lake, New Jersey 07762
                           Attention: Tom Gifford, Vice President
                           Telephone No.: (732) 282-1055
                           Facsimile No.: (732) 282-0210

                           With a copy to:

                           Giordano, Halleran & Ciesla, P.C.
                           125 Half Mile Road
                           P.O. Box 190
                           Middletown, New Jersey 07748
                           Attention: Paul T. Colella
                           Telephone No.: (732) 741-3900
                           Facsimile No.: (732) 224-6599

                                       22
<page>

         Except as otherwise provided herein, notices delivered in accordance
with the foregoing provisions of this Section 9(b) shall be effective (i) when
delivered, if delivered personally or by facsimile transmission electronically
confirmed, (ii) one Business Day after being delivered (properly addressed and
all fees paid) for overnight delivery to a courier (such as Federal Express)
which regularly provides such service and regularly obtains executed receipts
evidencing delivery, or (iii) five (5) days after being sent by registered or
certified mail, postage prepaid, return receipt requested.

         (c) Governing Law. The validity, interpretation and performance of this
Agreement shall be governed by the laws of the State of New Jersey, without
giving effect to the conflicts of laws principles thereof.

         (d) Exclusive Benefit. Nothing in this Warrant expressed or nothing
that may be implied from any of the provisions hereof is intended, or shall be
construed, to confer upon, or give to, any person or corporation other than the
Company and the Warrant Holder any right, remedy or claim hereunder, and all
covenants, conditions, stipulations, promises and agreements contained in this
Warrant shall be for the sole and exclusive benefit of such persons and their
successors, survivors and permitted assigns hereunder. This Warrant is for the
benefit of and is enforceable by any subsequent Warrant Holder.

                                       23
<page>

         (e) Headings. The article headings herein are for convenience only and
are not part of this Warrant and shall not affect the interpretation hereof.

         IN WITNESS WHEREOF, Medi-Hut Co., Inc. has caused this Warrant to be
duly executed and delivered as of the date first above written.

                                                 MEDI-HUT CO., INC.

                                                 By:
                                                     ---------------------------
                                                     Name:
                                                     Title:

                                       24
<page>

                                                                       EXHIBIT A
                                                                       ---------

                                 ASSIGNMENT FORM

         For value received, the undersigned hereby sells, assigns and transfers
unto ____________, whose address is _________________ and whose social security
or other identifying number is _______________, this Warrant to purchase
__________________ Underlying Shares, and hereby irrevocably constitutes and
appoints the Secretary of Medi-Hut Co., Inc. as his, her or its attorney-in-fact
to transfer the same on the books of the Company with full power of substitution
and re-substitution. If said number of Underlying Shares is less than all of the
Underlying Shares purchasable under this Warrant so assigned, the undersigned
requests that a new Warrant representing the remaining Underlying Shares be
registered in the name of ________________, whose address is __________________,
whose social security or other identifying number is _______________________,
and that such new Warrant be delivered to _____________________, whose address
is _____________________.

Date: __________________                         -------------------------------
                                                 (Signature)

                                                 -------------------------------
                                                 (Print Name)

<page>

                                                                       EXHIBIT B
                                                                       ---------

                             CASHLESS EXERCISE FORM

(To be executed upon exercise of this Warrant pursuant to Section 2(c) of this
Warrant)

         The undersigned hereby irrevocably elects to surrender ________ shares
purchasable under this Warrant being delivered herewith, for such shares of
Common Stock issuable in exchange therefor pursuant to the Cashless Exercise
provisions of this Warrant, as provided for in Section 2(c) of this Warrant.

         Please issue a certificate or certificates for ________ shares of
Common Stock in the name of, and pay cash for fractional shares in the name of:

         (Please print name, address, and social security number/tax
identification number.)

         and, if said number of shares of Common Stock shall not be all the
shares of Common Stock purchasable under this Warrant, that a new Warrant for
the balance remaining of the shares of Common Stock purchasable under this
Warrant be registered in the name of the undersigned Warrant Holder or his, her
or its transferee as below indicated and delivered to the address stated below.

Dated: _________________

Name of Warrant Holder
or transferee: _________________________________________________________________
                                    (Please Print)

Address: _______________________________________________________________________

Signature: _____________________________________________________________________

         NOTE: Signature must conform to the name of Warrant Holder as
         specified on the face of this Warrant or with the name of the
         transferee appearing in the Assignment Form attached as
         Exhibit A to this Warrant.

<page>

                                                                       EXHIBIT C
                                                                       ---------

                                SUBSCRIPTION FORM

         The undersigned hereby irrevocably elects to exercise this Warrant, to
purchase __________ Underlying Shares and tenders payment herewith in the amount
of $_____. The undersigned requests that a certificate for such Underlying
Shares be registered in the name of __________, whose address is __________ and
whose social security or other identifying number is __________, and that such
Underlying Shares be delivered to __________, whose address is __________. If
said number of Underlying Shares is less than all of the Underlying Shares
purchasable under this Warrant, the undersigned requests that a new Warrant
representing the remaining Underlying Shares be registered in the name of
__________, whose address is __________ and whose social security or other
identifying number is __________, and that such new Warrant be delivered to
__________, whose address is __________.

Date:___________________                         ------------------------------
                                                 (Signature)

                                                 -------------------------------
                                                 (Print Name)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}]]