Document:

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                                                                   EXHIBIT 10.10

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES
AND MAY NOT BE SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR
PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH
ACT AND SUCH LAWS. THIS NOTE IS ALSO SUBJECT TO RESTRICTIONS ON TRANSFER AS SET
FORTH HEREIN.

                            THE PATHWAYS GROUP, INC.

                          SERIES A SENIOR SECURED NOTE

$____________________                                      Dated: June 30, 2000

                  FOR VALUE RECEIVED, the undersigned, The Pathways Group, Inc.,
a company organized under the laws of Delaware (the "Company"), promises to pay
to the order of _____________________(the "Holder"), the principal aggregate sum
of _____________________ Dollars ($_________), on or before June 30, 2001 (the
"Maturity Date") with interest from the date hereof at the rate of 10% per annum
on such principal amount. Interest shall be computed on the basis of a 365-day
year and the actual number of days elapsed. Interest shall be due and payable on
the Maturity Date and shall accrue until the entire principal amount is paid.
All amounts due and owing hereunder shall be payable in lawful money of the
United States of America, in immediately available funds, at the principal
office of the Holder or at such other place as the Holder may designate from
time to time in writing to the Company. Any payment on this Note coming due on a
Saturday, a Sunday or a day which is a legal holiday in the place at which a
payment is to be made hereunder shall be made on the next succeeding day which
is a business day in such place, and any such extension of the time of payment
shall be included in the computation of interest hereunder. This Note is issued
pursuant and subject to and is entitled to the benefits of a certain Financing
Agreement dated as of June 30, 2000, by and between the Company, Carey F. Daly,
II, Holder and _________________ (the "Financing Agreement") and a Security
Agreement dated as of June 30, 2000, by and between the Company, Holder and
________________ and Intellectual Property Security dated as of June 30, 2000,
by and between the Company, Holder, and __________. Capitalized words not
defined herein shall have the meanings set forth in the Financing Agreement.
Except as otherwise provided in the Financing Agreement, the Notes shall rank
senior to or pari passu to all other Indebtedness of the Company whether now
outstanding or hereafter incurred.

                  1.   General.

                  Interest on this Note, computed on the basis of a 365-day year
shall be payable on the Maturity Date. The principal of this Note shall be
payable in one installment, together with accrued interest, on the Maturity
Date. [FOR LINE OF CREDIT NOTE: Out of the $1,350,000 available hereunder,
$200,000 of such amount shall be reserved against payment of interest payable
under this Series A Senior Secured Note.]

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                  This Note may be prepaid in whole or in part at any time and
from time to time at the option of the Company without payment of any penalty or
premium.

                  Subject to applicable law, upon and during the occurrence of
an Event of Default, this Note shall bear interest, from the date of the
occurrence of such Event of Default until such Event of Default is cured or
waived, at a rate equal to 12% per annum.

                  If, for any reason whatsoever, the interest paid or received
on this Note during its full term produces a rate which exceeds the maximum
interest rate permitted by law hereunder, the holder of this note shall refund
to the payor, or at the holder's option, credit against the principal of this
Note such portion of said interest as shall be necessary to cause the interest
paid on this Note to produce a rate equal to such maximum lawful rate.

                  2.   Covenants. The Company covenants and agrees that, until
this Note (including any accrued and unpaid interest) is paid in full:

                  2.1  The Company shall preserve and maintain its corporate
existence and its rights and franchises.

                  2.2  The Company shall comply, in all material respects, with
all applicable laws, rules, regulations and orders.

                  2.3  The Company shall pay promptly when due (i) all taxes,
assessments and governmental charges imposed upon it or upon its property, and
(ii) all claims (including, without limitation, claims for labor, materials,
supplies or services) which might, if unpaid, become a Lien (as hereinafter
defined) upon its property, unless, in each case, the validity or amount thereof
is being contested in good faith by appropriate proceedings and the Company has
maintained adequate reserves in accordance with generally accepted accounting
principles in the United States consistently applied with respect thereto.

                  2.4  The Company shall permit any representative of the Holder
to visit and inspect any property of the Company and its subsidiaries and to
examine books and records of the Company and its subsidiaries and to make copies
and take extracts therefrom, and to discuss the affairs, finances and accounts
of the Company and its subsidiaries with officers of the Company, all during
reasonable business hours, upon reasonable notice and as often as the Holder may
reasonably request, subject, in the case of any proprietary or confidential
material, to appropriate measures to ensure the confidentiality thereof.

                  2.5  The Company shall maintain and keep, or cause to be
maintained and kept, its properties in all material respects in good repair,
working order and condition, and from time to time make or cause to be made all
necessary repairs, renewals, replacements and improvements so that the business
carried on in connection therewith may be properly and advantageously conducted
at all times. The Company shall conduct continuously and operate actively its
business according to good business practices.

                  2.6  The Company shall not merge into or consolidate with any
other person, or sell, lease or otherwise dispose of all or any substantial part
of its property or assets to any other person, other than a merger of any of the
subsidiaries into the Company or any other

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subsidiary of the Company or a sale, lease or other disposition of all or any
substantial part of the property or assets by any Subsidiaries to the Company or
any other Subsidiary.

                  2.7  The Company shall not create, incur, suffer or permit to
exist, or assume or guarantee, directly or indirectly, or become or remain
liable with respect to any Indebtedness, whether direct, indirect, absolute,
contingent or otherwise, except the following: (a) Indebtedness under the
Initial Notes, the Line of Credit Notes and the Exchange Notes; (b) Indebtedness
secured by liens permitted by Section 2.8; (c) other liabilities existing on the
date of this Series A Senior Secured Note and heretofore disclosed to the Holder
in writing; (d) current accounts payable and unsecured current liabilities, not
the result of borrowing, to vendors, suppliers and persons providing services,
for expenditures for goods and services normally required by the Company in the
ordinary course of business and on ordinary trade terms; (e) the endorsement of
checks or other negotiable instruments in the ordinary course of business and
(f) other contingent obligations not to exceed $50,000 in the aggregate at any
one time outstanding.

                  2.8  The Company shall not create, incur, assume or suffer to
exist, any Lien on any of its property now owned or hereafter acquired to secure
any Indebtedness, other than:

                  (a)  Liens to Holder and _______________ pursuant to the
Security Agreement and Intellectual Property Security Agreement;

                  (b)  Liens existing on the date hereof;

                  (c)  Permitted Liens;

                  (d)  Easements, rights-of-way, restrictions and other similar
charges or encumbrances not interfering with the ordinary conduct of the
business of the Company or any of its Subsidiaries

                  (e)  Liens arising in connection with the financing of
acquisitions of equipment, inventory and other assets in connection with the
Company's business; provided such financings do not involve in excess of $25,000
per transaction or $250,000 in the aggregate at any one time; or

                  (f)  Liens on properties or assets of a person existing at the
time such person becomes a Subsidiary or is combined or consolidated with or
into the Company or any Subsidiary, and not created in contemplation of such
event.

                  For purposes of this Series A Senior Secured Note, "Lien"
means any mortgage, pledge, security interest, encumbrance, lien, charge or
deposit arrangement or other arrangement having the practical effect of the
foregoing and shall include the interest of a vendor or lessor under any
conditional sale agreement, capitalized lease or other title retention
agreement.

                  2.9  The Company shall not make any loan, advance, extension
of credit or capital contribution to, or make any Investment in, any person, or
make any commitment to make such extension of credit or Investment other than
(a) Permitted Investment Securities; (b)

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extensions of trade credit in the ordinary course of business; (c) normal and
reasonable advances in the ordinary course of business to officers and
employees, and (d) Investments in Subsidiaries.

                  2.10 The Company shall furnish to the Holder the following:

                  (a)  as soon as available and in any event within 45 days
after the end of each of the first three quarters of each fiscal year of the
Company, an unaudited consolidated balance sheet of the Company and its
consolidated subsidiaries as at the end of each such quarter and unaudited
consolidated statements of operations and retained earnings and statement of
cash flows of the Company and its consolidated subsidiaries for such quarter and
for the period commencing at the end of the previous fiscal year and ending with
the end of such quarter, certified by a senior financial officer of the Company,
together with a certificate of such senior financial officer stating that no
Event of Default or any event which, with notice or lapse of time or both, would
constitute an Event of Default, has occurred and is continuing or, if an Event
of Default or such event has occurred and is continuing, a statement as to the
nature thereof and the actions taken or planned to be taken by the Company with
respect thereto;

                  (b)  as soon as available and in any event within 120 days
after the end of each fiscal year of the Company, a consolidated balance sheet
of the Company and its consolidated subsidiaries as at the end of such year and
consolidated statements of operations and retained earnings and statement of
cash flows of the Company and its consolidated subsidiaries for the period
commencing at the end of the previous fiscal year and ending with the end of
such year, certified by the Company's current auditors or other independent
public accountants, together with a certificate of such accounting firm stating
that in the course of the regular audit of the business of the Company and its
consolidated Subsidiaries, which audit was conducted by such accounting firm in
accordance with generally accepted auditing standards in the United States, such
accounting firm has obtained no knowledge that an Event of Default or an event
which, with notice or lapse of time or both, would constitute an Event of
Default, or if an Event of Default or such an event has occurred and is
continuing, a statement as to the nature thereof, and

                  (c)  promptly and in any event within two business days after
the Company becomes aware of the existence of any Event of Default, any event
which, with the giving of notice or the lapse of time or both would constitute
an event of default, or any development or other information (other than
generally applicable economic or market factors) which is likely to materially
and adversely affect the properties, business, prospects, profits or financial
condition of the Company or the company's ability to perform its obligations
under this Note or the Transaction Documents, telephonic notice specifying the
nature of such event of default, event, development or information, including
the anticipated effect thereof, which notice shall be promptly confirmed in
writing within five days.

                  3.   Defaults and Remedies.

                  3.1  Events of Default. An "Event of Default" shall occur if:

                  (a)  the Company shall default in the payment of the principal
of or interest on this Note, when and as the same shall become due and payable,
whether at maturity or by acceleration or otherwise; or

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                  (b)  the Company shall default in the due observance or
performance of any other covenant, condition or agreement on the part of the
Company to be observed or performed pursuant to the terms of any Transaction
Document (other than those referred to in clause (i) of this Section 3.1), and
such default shall continue for 30 days after the earlier of (i) the date the
Company has knowledge of such default or (ii) the date written notice thereof,
specifying such default and, if such default is capable of being remedied,
requesting that the same be remedied, shall have been given to the Company by
the Holder; PROVIDED, that, in either event, such default is cured within 45
days of the date upon which the default occurred; or

                  (c)  any representation, warranty, certification or statement
made by or on behalf of the Company in Finance Documents, or in any certificate
or other document delivered pursuant hereto or thereto, shall have been
incorrect in any material respect when made unless the same is capable of being
cured or corrected and is promptly cured or corrected as soon as the Company has
knowledge thereof and prior to being cured or corrected does not have a material
adverse effect on the Company; or

                  (d)  an involuntary proceeding shall be commenced or an
involuntary petition shall be filed in a court of competent jurisdiction seeking
(A) relief in respect of the Company or any of its subsidiaries, or of a
substantial part of its property or assets, under Title 11 of the United States
Code, as now constituted or hereafter amended, or any other bankruptcy,
insolvency, receivership or similar law, (B) the appointment of a receiver,
trustee, custodian, sequestrator, conservator or similar official for the
Company or any of its subsidiaries, or for a substantial part of its property or
assets, or (C) the winding up or liquidation of the Company or any of its
subsidiaries; and such proceeding or petition shall continue undismissed for 60
days, or an order or decree approving or ordering any of the foregoing shall be
entered; or

                  (e)  the Company or any of its subsidiaries shall (A)
voluntarily commence any proceeding or file any petition seeking relief under
Title 11 of the United States Code, as now constituted or hereafter amended, or
any other bankruptcy, insolvency, receivership or similar law, (B) consent to
the institution of, or fail to contest in a timely and appropriate manner, any
proceeding or the filing of any petition described in paragraph (d) of this
Section 3.1, (C) apply for or consent to the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for the Company or any
subsidiary, or for a substantial part of its property or assets, (D) file an
answer admitting the material allegations of a petition filed against it in any
such proceeding, (E) make a general assignment for the benefit of creditors, (F)
become unable, admit in writing its inability or fail generally to pay its debts
as they become due or (G) take any action for the purpose of effecting any of
the foregoing; or

                  (f)  one or more judgments for the payment of money in an
aggregate amount in excess of $250,000 (not including any amounts covered by
insurance) shall be rendered against the Company, any Subsidiary or both and the
same shall remain undischarged for a period of 45 days during which execution
shall not be effectively stayed, or any action shall be legally taken by a
judgment creditor to levy upon assets or properties of the Company or any of its
subsidiaries to enforce any such judgment; or

                  (g)  the occurrence of any event or the existence of any
condition that results in the acceleration of the maturity of any Indebtedness
of the Company for borrowed money, the

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principal of which Indebtedness equals or exceeds $250,000 or, by reason of the
expiration of any applicable grace period or otherwise, then enables the holder
of such Indebtedness or any person acting on such holder's behalf to accelerate
the maturity thereof.

                  3.2  Acceleration. If an Event of Default occurs under clauses
(d) or (e) of Section 3.1 hereof, then the outstanding principal of and all
accrued interest on this Note shall automatically become immediately due and
payable, without presentment, demand, protest or notice of any kind, all of
which are expressly waived. If any other Event of Default occurs and is
continuing, the Holder by written notice to the Company may declare the
principal of and accrued interest on the Note to be due and payable immediately.
Upon such declaration, such principal and interest shall become immediately due
and payable. The Holder may rescind an acceleration and its consequences if all
existing Events of Default have been cured or waived, except nonpayment of
principal or interest that has become due solely because of the acceleration,
and if the rescission would not conflict with any judgment or decree.

                  4.   Suits for Enforcement.

                  4.1  Upon the occurrence of any one or more Events of Default,
the Holder may proceed to protect and enforce its rights by suit in equity,
action at law or by other appropriate proceeding, whether for the specific
performance of any covenant or agreement contained in this Note or in aid of the
exercise of any power granted in this Note, or may proceed to enforce the
payment of this Note, or to enforce any other legal or equitable right of the
Holder.

                  4.2  The Holder may direct the time, method and place of
conducting any proceeding for any remedy available to itself.

                  4.3  In case of any default under this Note, the Company will
pay to the Holder such amount as shall be sufficient to cover the costs and
expenses of such Holder due to such default, including, without limitation,
costs of collection and reasonable fees, disbursements and other charges of
counsel.

                  5.   Remedies Cumulative. No remedy herein conferred upon the
Holder is intended to be exclusive of any other remedy and each and every such
remedy shall be cumulative and shall be in addition to every other remedy given
hereunder or now or hereafter existing at law or in equity or by statute or
otherwise. To the extent permitted by applicable law, the Company and the Holder
severally waive presentment for payment, demand, protest and notice of dishonor.

                  6.   Holder: Transfer.

                  6.1  The term "Holder" as used herein shall also include any
Permitted Transferee (as hereinafter defined) of this Note whose name has been
recorded by the Company in the register referred to in Section 6.2 hereof. The
Holder and each Permitted Transferee of this Note acknowledges that this Note
has not been registered under the Securities Act, and may be transferred only
upon receipt by the Company of an opinion of counsel, which opinion shall be
reasonably satisfactory in form and substance to the Company, stating that this
Note may be transferred without registration under the Securities Act in
reliance on an exemption therefrom. As used herein, a "Permitted Transferee" of
a Holder shall mean (A) any person, that directly or

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indirectly controls, is controlled by or is under common control with the
Holder, (B) with respect to a Holder that is a corporation, the stockholders of
such corporation, (C) with respect to a Holder that is a limited partnership,
the general or limited partners of such partnership and (D) with respect to a
Holder that is a limited liability company, the members thereof.

                  6.2  The Company shall maintain a register in its office for
the purpose of registering the Note and any transfer thereof, which register
shall reflect and identify, at all times, the ownership of any interest in the
Note. Upon the issuance of this Note, the Company shall record the name of the
initial purchaser of this Note in such register as the first Holder. Thereafter,
the Company shall duly record the name of a transferee on such register promptly
after receipt of notice of a transfer and of the opinion referred to in Section
6.2 hereof.

                  7.   Definitions.

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

                  7.1  Business Day: any day other than a Saturday, Sunday or a
day on which national banks are authorized by law to close in the City of San
Francisco, State of California.

                  7.2  Indebtedness: (a) all indebtedness of the Company for
borrowed money; (b) all obligations relative to the face amount of all letters
of credit, whether or not drawn, and banker's acceptances issued for the account
of the Company; (c) the present value of all obligations issued, undertaken or
assumed to pay the deferred purchase price of property or services (other than
trade payables entered into in the ordinary course of business on ordinary
terms); (d) all contingent liabilities of the Company in respect of any of the
foregoing; (e) all capital stock and warrants or other options therefor which
have mandatory put or redemption provisions which may be exercised prior to the
Maturity Date.

                  7.3  Investment: the purchase or acquisition of any securities
or indebtedness of, or the making of any loan, advance, transfer of property as
a capital contribution to, or the incurring of any liability, contingently or
otherwise, in respect of the indebtedness of, any person.

                  7.4  Permitted Investment Securities: (a) readily marketable
securities issued or fully guaranteed by the United States of America; (b)
commercial paper rated "Prime 1" by Moody's Investors Service, Inc. or A-1 by
Standard and Poor's with maturities of not more than 180 days; (c) certificates
of deposit or repurchase certificates issued by financial institutions
reasonably acceptable to the Holder, all of the foregoing not having a maturity
of more than one year from the date of issuance thereof, and (d) securities
received in settlement of liabilities created in the ordinary course of
business.

                  7.5  Subsidiary: any corporation or association (a) more than
50% (by number of votes) owned by the Company or one or more of its
Subsidiaries, or any other business entity in which the Company or one or more
of its Subsidiaries owns more than a 50% interest in either the capital or
profits of such business entity, or (b) whose net earnings or portions thereof
are consolidated with the net earnings of the Company and are recorded in the
books of the

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Company for financial reporting purposes in accordance with
generally accepted accounting principles.

                  8.   Notices. All notices, demands and other communications
provided for or permitted hereunder shall be made in writing and shall be by
telecopier, facsimile, courier service or personal delivery:

                  (a)  if to the Company:

                       The Pathways Group, Inc.
                       1221 North Dutton Avenue
                       Santa Rosa, California 95401
                       Attn:  Carey F. Daly, II
                       Facsimile:  (707) 546-0658
                       with a copy to:

                       Salans Hertzfeld Heilbronn Christy & Viener
                       620 Fifth Avenue
                       New York, New York 10020
                       Attn:  Steven R. Berger, Esq.
                       Facsimile:  (212) 632-5555

                  (b)  if to the Holder:

                       Jolson Merchant Partners
                       One Embarcadero Center, Suite 2150
                       San Francisco, California 94111
                       Attn:  Joseph A. Jolson
                       Facsimile:

                       with a copy to:

                       Peter T. Healy, Esq.
                       O'Melveny & Myers LLP
                       Embarcadero Center West
                       275 Battery Street
                       San Francisco, California 94111
                       Facsimile: (415) 984-8701

All such notices and communications shall be deemed to have been duly given:
when delivered by hand, if personally delivered; when delivered by courier, if
delivered by commercial overnight courier service; and when receipt is
acknowledged, if telecopied or sent by facsimile. Either party may change the
address to which notices, demands and other communications hereunder are to be
delivered by giving the other party notice in the manner herein set forth.

                  9.   Amendment: Waivers.

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                  9.1  No failure or delay on the part of the Company or the
Holder in exercising any right, power or remedy hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any such right,
power or remedy preclude any other or further exercise thereof or the exercise
of any other right, power or remedy. The remedies provided for herein are
cumulative and are not exclusive of any remedies that may be available to the
Company or the Holder at law, in equity or otherwise.

                  9.2  Any amendment, supplement or modification of or to any
provision of this Note, any waiver of any provision of this Note and any consent
to any departure by the Company from the terms of any provision of this Note,
shall be effective (i) only if it is made or given in writing and signed by the
Company and the Holder and (ii) only in the specific instance and for the
specific purpose for which made or given.

                  10.  Payments. If the date on which any such payment is
required to be made pursuant to the provisions of this Note occurs on a
Saturday, Sunday or legal holiday observed in the State of California, such
payments shall be due and payable on the immediately succeeding date which is
not a Saturday, Sunday or legal holiday so observed.

                  11.  Holder Representations. By its acceptance hereof, the
Holder acknowledges that this Note is being registered under the Securities Act
on the ground that the issuance of the Note is exempt from registration under
Section 4(2) of the Securities Act as not involving any public offering and that
the Company's reliance on such exemption is predicated in part on the
representations hereby made to the Company by the Holder that it is acquiring
this Note and the Shares into which this Note may be converted for investment
for its own account, with no present intention of dividing its participation
with others or reselling or otherwise distributing the same, subject,
nevertheless, to any requirement of law that the disposition of its property
shall at all times be within its control.

                  12.  Covenants Bind Successors and Assigns. All the covenants,
stipulations, promises and agreements in this Note contained by or on behalf of
the Company shall bind its successors and assigns, whether so expressed or not.

                  13.  Governing Law. This Note shall be governed by and
construed in accordance with the laws of the State of California without regard
to the principles of conflicts of law of such State.

                  14.  Consent to Jurisdiction. The Company hereby irrevocably
consents to the nonexclusive jurisdiction of the courts of the State of
California and of any federal court located in such State in connection with any
action or proceeding arising out of or relating to this Note.

                  15.  Severability. If any one or more of the provisions
contained herein, or the application thereof in any circumstance, is held
invalid, illegal or unenforceable in any respect for any reason, the validity,
legality and enforceability of any such provisions hereof shall not be in any
way impaired, unless the provisions held invalid, illegal or unenforceable shall
substantially impair the benefits of the remaining provisions hereof.

                  16.  Variation in Pronouns. All pronouns and any variations
thereof refer to the masculine, feminine or neuter, singular or plural, as the
context may require.

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                  17.  Headings. The headings in this Note are for convenience
of reference only and shall not limit or otherwise affect the meaning hereof.

                                       THE PATHWAYS GROUP, INC.

                                       By:
                                       Name:
                                       Title:

                                       10<PAGE>

                                                                   Exhibit 10.11

                                 FORM OF WARRANT

         THE WARRANTS REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE
         STATE SECURITIES LAWS. THESE SECURITIES HAVE BEEN ACQUIRED FOR
         INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION, AND MAY NOT BE SOLD,
         TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
         REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE SECURITIES ACT OF
         1933, AS AMENDED, OR UNDER ANY APPLICABLE STATE SECURITIES LAWS OR AN
         OPINION OF COUNSEL SATISFACTORY TO THE PATHWAYS GROUP, INC. THAT
         REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR SUCH LAWS.

VOID AFTER 5:00 P.M. (PACIFIC TIME) THREE YEARS FROM ISSUANCE DATE

No. ____                                             Issuance Date:____________

                            THE PATHWAYS GROUP, INC.

                        WARRANTS TO PURCHASE COMMON STOCK

                  THIS CERTIFIES that ________________ or his registered assigns
(hereinafter called the "Holder") is the registered holder of the aggregate
number of Warrants ("Warrants") entitling the Holder to purchase from The
Pathways Group, Inc., a corporation organized and existing under the laws of the
State of Delaware (the "Company"), subject to the terms and conditions set forth
hereinafter, __________________________________________ (_____________) fully
paid and non-assessable shares (each, a "Warrant Share") of the Common Stock,
par value $.01 per share ("Common Stock"), of the Company (subject to adjustment
as provided herein). The Holder shall be entitled to exercise the Warrants upon
surrender of this Warrant Certificate, and with the subscription form annexed
hereto duly executed, and payment in lawful money of the United States of the
exercise price equal to $0.65 (the "Exercise Price") for each Warrant Share
being purchased, at any time on or after the date hereof and at or prior to 5:00
P.M. (Pacific Time) three years from the issuance date hereof (the "Expiration
Date"), at the office of the Company or, if the Company shall designate a
warrant transfer agent, at the office of such warrant transfer agent. The
Warrants represented by this Warrant Certificate may be exercised by the Holder
in whole or in part, but not as to a fraction of a Warrant Share.
Payment of the Exercise Price shall be made in cash or by certified or official
bank check.

                  1.   This Warrant is exercisable, at the option of the Holder,
in whole or in part at any time and from time to time on or before the
Expiration Date. Upon the surrender of this Warrant Certificate and payment of
the Exercise Price, as herein provided, the Warrants shall be deemed to have
been exercised and the person exercising the same shall become the holder of
record of the shares of Common Stock so purchased for all purposes on the date
of such surrender and payment; provided, however, that if such date is a date on
which the stock transfer

<PAGE>

books of the Company are closed, such person shall be deemed to have become the
record holder of such shares of Common Stock on the next succeeding date on
which the stock transfer books are open. As soon as practicable after such
surrender and payment, the Company shall issue and deliver to, or upon the order
of, the Holder a certificate or certificates representing the Warrant Shares so
purchased and, in the case of a fractional interest in a Warrant Share, cash as
provided herein. Upon surrender of this Warrant Certificate to the Company (or
its warrant transfer agent, if any), the Company (or warrant transfer agent)
shall cancel this Warrant Certificate, and to the extent there is a partial
exercise of the Warrants evidenced hereby, the Holder of the Warrant certificate
shall receive a replacement Warrant Certificate of like tenor and date
evidencing the number of Warrants which shall not have been exercised, unless
such Warrants shall have expired.

                  2.   Notwithstanding the foregoing, if the Company shall give
notice to its stockholders of the liquidation, dissolution or winding up of the
Company, the right to exercise the Warrants evidenced hereby shall terminate at
the close of business on the third full business day prior to the date specified
in such notice as the record date for determining the Company's stockholders
entitled to receive any distribution upon liquidation, dissolution or winding
up.

                  3.   The number and kinds of shares of stock of the Company
issuable upon exercise of the Warrants evidenced hereby are subject to
modification and adjustment upon the happening of certain events set forth as
follows:

                  (a)  If, at any time after the date hereof, the Company shall
declare or pay a dividend or make a distribution to its stockholders consisting
of Common Stock of the Company, the Holder of the Warrants evidenced hereby
shall, upon the exercise of such Warrants after the record date for such
dividend, receive, in addition to the Warrants Shares otherwise issuable upon
such exercise, the number of shares of Common Stock as to which such Holder
would have been entitled to receive had such Holder exercised such Warrants
immediately prior to the record date for such dividend.

                  (b)  If, at any time after the date hereof, the Company shall,
by subdivision, combination or reclassification of Common Stock, or through
merger or consolidation, or otherwise, alter or modify the number, kind or class
of shares of Common Stock, or other securities or property of the Company, then
as of the record date of such alteration or modification, the Warrant Shares
issuable upon the exercise of a warrant shall be adjusted so as to consist of
the number of shares of capital stock or other securities or property of the
Company which the Holder would have owned or have been entitled to receive had
the Warrants evidenced hereby been exercised immediately prior to the record
date for such subdivision, combination or reclassification of Common Stock, or
merger or consolidation, or other alteration or modification.

                  (c)  If, at any time after the date hereof, the Company shall
make any distribution of its assets upon or with respect to the Common Stock, as
a liquidating or partial liquidating dividend (other than a liquidation,
dissolution, or winding up of the Company as provided for below, or other than
as a cash dividend payable out of earnings legally available for dividends under
the laws of the State of Delaware), the Holder of the Warrants evidenced hereby
shall, upon the exercise of such Warrants after the record date for such
distribution or, in the

                                      -2-

<PAGE>

absence of a record date, after the date of such distribution, receive, in
addition to the Warrant Shares issuable upon such exercise, the amount of such
assets which would have been distributed to such Holder had such Holder
exercised such Warrants immediately prior to the record date for such
distribution or, in the absence of a record date, immediately prior to the date
of such distribution.

                  (d)  Unless the context otherwise indicates, all references to
Warrant Shares in this Warrant Certificate shall, in the event of an adjustment
hereunder, be deemed to refer also to any other securities or property
receivable upon exercise of the Warrants pursuant to such adjustment.

                  (e)  The Warrant Certificate need not be amended because of
any adjustment in the number and/or content of Warrant Shares pursuant thereto,
and any Warrant Certificate delivered after such adjustment may state the same
number of Warrant Shares as is stated in the Warrant Certificate originally
delivered. However, the Company may, with the prior written consent of the
holders of a majority of outstanding Warrants, amend the form of Warrant
Certificate, provided such amendment in form does not affect the substance
thereof; and any Warrant Certificate thereafter countersigned and delivered,
whether in exchange or substitution for an outstanding Warrant Certificate or
otherwise, may be in the form as so amended.

                  (f)  The Company shall not be required to issue fractional
shares of Common Stock upon exercise of the Warrants. If, by reason of the
calculation of the number of Warrant Shares issuable upon exercise of the
Warrants or any adjustment made pursuant to the terms hereof the Holder of the
Warrants evidenced hereby would be entitled, upon the exercise thereof, to
receive a fractional interest in a share of Common Stock, the Company shall,
upon such exercise, purchase such fractional interest for an amount in cash
equal to (i) the then current market value of such fractional interest, computed
on the basis of the average closing bid and asked prices of shares of Common
Stock on the exercise date as furnished to the Company by any member of member
firm of a registered national securities exchange selected from time to time by
the Company for that purpose or (ii) if such shares of Common Stock are listed
on a national securities exchange, at the closing price of such shares on the
exercise date.

                  (g)  The Holder of the Warrants evidenced hereby shall not,
upon the exercise thereof, be entitled to any dividends that may have accrued
with respect to the Warrant Shares issuable in respect thereof, or to any
interest that may have accrued upon any evidence of indebtedness included in the
Warrant Shares, prior to the exercise date.

                  (h)  Whenever the number and/or content of Warrant Shares is
adjusted pursuant to the terms hereof, the Company shall promptly mail to the
Holder of the Warrants evidenced hereby at the address registered with the
Company a notice setting forth the adjusted number and/or content of Warrant
Shares. Notwithstanding anything to the contrary herein, no provisions of this
Warrant Certificate shall entitle the Holder of the Warrants evidenced hereby to
any adjustment in Warrant Shares as a result of the grant or exercise of options
to public stockholders of the Company.

                  4.   In lieu of exercise of any portion of the Warrant, the
Warrant represented by this Warrant Certificate (or any portion thereof) may, at
the election of the Holder, be

                                      -3-

<PAGE>

converted into the nearest whole number of Warrant Shares equal to: (a) the
product of (i) the number of Warrant Shares to be so purchased, and (ii) the
excess, if any, of (A) the market price per share as of the date of conversion
over (B) the Exercise price per Warrant Share, divided by (b) the market price
per share as of the date of conversion. The rights provided under this Section 4
may be exercised in whole or in part and at any time and from time to time while
any portion of the Warrant remains outstanding. In order to exercise the
conversion privilege, the Holder shall surrender to the Company, at its offices,
this Warrant Certificate accompanied by a duly completed Notice of Conversion in
the form attached hereto. This Warrant (or so much thereof as shall have been
surrendered for conversion) shall be deemed to have been converted immediately
prior to the close of business on the day of surrender of such Warrant
Certificate for conversion in accordance with the foregoing provisions. As
promptly as practicable on or after the conversion date, the Company shall issue
and shall deliver to the Holder (i) a certificate or certificates representing
the number of shares of Common Stock to which the Holder shall be entitled as a
result of the conversion, and (ii) if the Warrant Certificate is being converted
in part only, a new certificate of like tenor and date for the balance of the
unconverted portion of the Warrant Certificate.

                  5.   This Warrant Certificate may be exchanged either
separately or in combination with one or more other Warrant Certificates
evidencing Warrants for one or more new certificates of like tenor and date for
the same aggregate number of Warrants as are evidenced by the Warrant
Certificate exchanged.

                  6.   In the event of the liquidation, dissolution, or winding
up of the Company (which shall not include an event described in the next
paragraph), a notice thereof shall be filed by the Company with the warrant
transfer agent, if any shall have been designated by the Company, at least
thirty (30) days prior to the record date (which date shall be specified in such
notice) for determining security holders of the Company entitled to receive any
distribution upon such liquidation, dissolution, or winding up. Such notice also
shall specify the date on which the right to exercise Warrants shall expire as
provided above. A copy of such notice shall be mailed to the Holder of the
Warrants evidenced hereby at the address registered with the Company not more
than thirty (30) nor less than twenty (20) days before such record date.

                  7.   In the case of any consolidation or merger of the Company
with or into another corporation (other than a consolidation or merger in which
the Company is the continuing corporation and which does not result in any
reclassification or change of outstanding shares of the class or classes of
Warrant Shares), or in the case of any sale or transfer to another corporation
of the property of the Company in its entirety or substantially in its entirety,
the Holder of the Warrants evidenced hereby, upon the exercise thereof at any
time after such consolidation, merger, sale or transfer, shall be entitled to
receive the kind and amount of shares of Common Stock and other securities and
property which such Holder would have received upon such consolidation, merger,
sale, or transfer had such Holder exercised its Warrants immediately prior
thereto.

                  8.   The issue of any shares of Common Stock or other
certificate upon the exercise of the Warrants shall be made without charge to
the Holder hereof for any tax in respect of the issue thereof. The Company shall
not, however, be required to pay any tax which may be payable in respect of any
transfer involved in the issue and delivery of any certificate in a name

                                      -4-

<PAGE>

other than that of the Holder of this Warrant Certificate, and the Company shall
not be required to issue or deliver any such certificate unless and until the
person or persons requesting the issue thereof shall have paid to the Company
the amount of such tax or shall have established to the satisfaction of the
Company that such tax has been paid.

                  9.   This Warrant Certificate and all rights hereunder are
transferable on the books of the Company only upon compliance with the
provisions of the Securities Act of 1933, as amended, and applicable state
securities laws, upon surrender of this Warrant Certificate, with the form of
assignment attached hereto duly executed by the Holder hereof or by its attorney
duly authorized in writing, to the Company at its principal executive offices,
or at the office of the warrant transfer agent, if any shall have been
designated by the Company, and thereupon there shall be issued in the name of
the transferee or transferees, in exchange for this Warrant Certificate, a new
Warrant Certificate or Warrant Certificates of like tenor and date, representing
in the aggregate the number of warrants evidenced hereby.

                  10.  If this Warrant Certificate shall be lost, stolen,
mutilated or destroyed, the Company shall, on such terms as to indemnify or
otherwise protect the Company as the Company may in its discretion impose, issue
a new Warrant Certificate of like denomination, tenor and date as the Warrant
Certificate so lost, stolen, mutilated or destroyed. Any such new Warrant
Certificate shall constitute an original contractual obligation of the Company,
whether or not the allegedly lost, stolen, mutilated or destroyed Warrant
Certificate shall be at any time enforceable by anyone.

                  11.  The Company may deem and treat the Holder of this Warrant
Certificate as the absolute owner of this Warrant Certificate for all purposes
and shall not be affected by any notice to the contrary.

                  12.  This Warrant Certificate and the Warrants evidenced
hereby shall not, prior to the exercise thereof, entitle the Holder to any
rights of a stockholder of the Company either at law in or equity including,
without limitation, the right to vote, to receive dividends and other
distributions, to exercise any preemptive rights or to receive any notice of
meetings of stockholders or of any other proceedings of the Company.

                  13.  In the event that one or more of the provisions of this
Warrant Certificate shall for any reason be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision of this Warrant Certificate, but this
Warrant Certificate shall be construed as if such invalid, illegal or
unenforceable provision had never been contained herein.

                  14.  This Warrant Certificate shall be binding upon any
successors or assigns of the Company.

                  15.  This Warrant Certificate shall be governed by and
construed in accordance with the laws of the State of New York, without giving
effect to provisions thereof governing conflicts of law.

                  IN WITNESS WHEREOF, the Company has caused this Warrant
Certificate to be duly executed and delivered by its officer hereunder duly
authorized.

                                      -5-

<PAGE>

                                       THE PATHWAYS GROUP, INC.

                                       By:

                                       Carey F. Daly II, President and
                                       Chief Executive Officer and Director

Countersigned:

Charles W. Dunn, Senior Vice President, Treasurer

                                      -6-

<PAGE>

                             [Form of Subscription]

               (To be Executed by the Holder Desiring to Exercise
              Warrants Evidenced by the Within Warrant Certificate)

To:  THE PATHWAYS GROUP, INC.

                  The undersigned hereby irrevocable elects to exercise
Warrants, evidenced by the within Warrant Certificate, for, and to purchase
thereunder, full shares of Common Stock, par value $.01 per share, of The
Pathways Group, Inc. issuable upon exercise of said Warrants and delivery of
$        in cash.

                  The  undersigned requests that certificates for such shares by
issued in the name of        .

SOCIAL SECURITY
OR TAX IDENTIFICATION NUMBER:_______________

____________________________________________

____________________________________________
(Please print name and address)

Date:_______________________           __________________
                                           (Signature)

                  If said number of Warrants shall not be all of the Warrants
evidenced by the within Warrant Certificate, the undersigned requests that a new
Warrant Certificate evidencing the Warrants not so exercised be issued in the
name of and delivered to:

_______________________________
(Please print name and address)

_______________________________

_______________________________
                  (Signature)

                                      -7-

<PAGE>

NOTICE:           The signature on this subscription form must correspond with
                  the name as written upon the face of the within Warrant
                  Certificate, or upon the assignment thereof, in every
                  particular, without alteration, enlargement, or any change
                  whatsoever and must be guaranteed by a bank, other than a
                  savings bank, or trust company having an office or
                  correspondent in New York, New York, or by a firm having
                  membership on a regional securities exchange and an office in
                  New York, New York.

                                      -8-

<PAGE>

                         TRANSFER OF WARRANT CERTIFICATE

                  For value received         hereby sells, assigns and
transfers unto        Warrants to purchase shares of Common Stock, par value
$.01 per share, of THE PATHWAYS GROUP, INC. (the "Company"), which Warrants
are represented by the attached Warrant Certificate, and does hereby
irrevocably constitute and appoint        attorney to transfer such Warrants
on the books of such Company, with full power of substitution in the premises.

                                              ______________________
                                                    (Signature)

Social Security or other
Identifying Number of Transferor:____________________________________

Address of Assignee:_________________________________________________

_____________________________________________________________________

_____________________________________________________________________

Dated:___________________________________

In the Presence of:__________________________________________________

                                      -9-

<PAGE>

                              NOTICE OF CONVERSION

                  The undersigned hereby irrevocably elects to convert, pursuant
to Section 4 of the Warrant Certificate accompanying this Notice of Conversion,
______ Warrants into shares of the Common Stock of the Company.

                  The  number of shares to be received by the undersigned shall
be calculated in accordance with the provisions of Section 4 of the Warrant
Certificate.

                                       ____________________________
                                       Name of Holder

                                       _____________________________
                                       Signature

                                       Address:

                                       ______________________________

                                       ______________________________

                                      -10-

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