Document:

<PAGE>

NEITHER THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE HEREOF NOR ANY
INTEREST OR PARTICIPATION HEREIN OR THEREIN MAY BE SOLD, ASSIGNED, PLEDGED,
HYPOTHECATED, ENCUMBERED OR IN ANY OTHER MANNER TRANSFERRED OR DISPOSED OF
EXCEPT AS PROVIDED HEREIN. THE HOLDER OF THIS WARRANT AND THE SECURITIES
ISSUABLE UPON EXERCISE HEREOF ARE SUBJECT TO THE RESTRICTIONS HEREIN SET
FORTH.

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

                                                             Warrant No. 3

                                   WARRANT

                                      to

                      PURCHASE SHARES OF COMMON STOCK

                                      of

                              2-INFINITY.COM, INC.

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

         This Warrant dated as of April 24, 2000 (this "Warrant") certifies
that, for good and valuable consideration, 2-INFINITY.COM, INC., a Colorado
corporation (the "Company"), grants to Forrest E. Singletary (the
"Warrantholder"), subject to the terms and conditions set forth herein, the
right to subscribe for and purchase from the Company 25,000 shares (the
"Warrant Shares") of the Company's common stock, no par value ("Common
Stock"). This Warrant shall be exercisable during the period from and after
9:00 a.m. Houston, Texas time on the date hereof (the "Initial Exercise
Date") and to and including 5:00 p.m. Houston, Texas time on the date that is
one year after the date hereof (the "Expiration Date") at a purchase price
per share equal to $0.80 per share (the "Exercise Price").

         1.   DURATION AND EXERCISE OF WARRANT; LIMITATION EXERCISE PAYMENT OF
              TAXES.

              1.1  DURATION AND EXERCISE OF WARRANT.

                   (a)  The rights represented by this Warrant may be
              exercised, by the Warrantholder of record, in whole, or from
              time to time in part (but covering at least the lesser of 1,000
              shares or the Exercise Form annexed hereto (the "Exercise
              Form") duly executed by the Warrantholder of record and
              specifying the number of Warrant Shares to be purchased, to the
              Company at the office of the Company located at 4828 Loop
              Central Drive, Suite 150, Houston Texas 77081 (or such other
              office or agency of the Company as it may designated by notice
              to the Warrantholder at the address of such Warrantholder
              appearing on the books of the Company) during normal business
              hours on any day (a "Business Day") other than a Saturday,
              Sunday or a day on which the Company is otherwise closed for
              business (a "Nonbusiness Day") or or after 9:00 a.m. Houston,
              Texas time on the Initial Exercise Date but not later than 5:00
              p.m. on the Expiration Date (or 5:00 p.m. on the next
              succeeding Business Day, if the Expiration Date is a Nonbusiness
              Day), delivery of payment to the Company of the Exercise Price
              for the number of Warrant Shares or cash in lieu thereof
              specified in the Exercise Form and such documentation as to the
              identify and authority of the Warrantholder as the Company may
              reasonably request.

                   (b)  Certificates for the Warrant Shares specified in the
              Exercise Form shall be delivered to the Warrantholder as
              promptly as practicable, and in any event within ten business

<PAGE>

              days, after the date the Company receives the fully completed
              Exercise Form. The stock certificates so delivered shall be in
              denominations specified by the Warrantholder, and shall be
              issued in the name of the Warrantholder. Such Warrant Shares
              shall be deemed by the Company to be issued to the
              Warrantholder that is the record holder of such Warrant Shares
              as of the close of business on the date on which this Warrant
              shall have been surrendered and payment made for the Warrant
              Shares as aforesaid.

                   (c)  If this Warrant shall have been exercised only in
              part, the Company shall, at the time of delivery of the
              certificates for the Warrant Shares, deliver to the
              Warrantholder a new Warrant evidencing the rights to purchase
              the remaining Warrant Shares, which new Warrant shall in all
              other respects be identical with this Warrant.

                   (d)  No adjustments or payments shall be made on or in
              respect of Warrant Shares issuable on the exercise of this
              Warrant for any cash dividends paid or payable to holders of
              record of Common Stock prior to the date as of which the
              Warrantholder shall be deemed to be the record holder of such
              Warrant Shares.

              1.2  LIMITATION ON EXERCISE. If this Warrant is not exercised
         prior to 5:00 p.m. on the Expiration date (or the next succeeding
         Business day, if the Expiration date is a Nonbusiness Day), this
         Warrant, or any new Warrant issued pursuant to Section 1.1, shall
         cease to be exercisable and shall become void and all rights of the
         Warrantholder hereunder shall cease. This Warrant shall not
         exercisable and no Warrant Shares shall be issued hereunder, prior
         to 9:00 a.m. Houston, Texas time on the Initial Exercise Date.

              1.3  PAYMENT OF TAXES. The issuance of certificates for Warrant
         Shares shall be made without charge to the Warrantholder for any
         stock transfer or other issuance tax in respect thereto.

              1.4  TRANSFER: RESTRICTION ON TRANSFER.

                   (a)  This warrant shall not be transferrable, in whole or
              in part, without the consent of the Company.

                   (b)  Neither this Warrant nor any of the Warrant Shares,
              nor any interest or participation in either, may be in any
              manner transferred or disposed of, in whole or in part except
              in compliance with applicable United States federal and state
              securities laws.

              1.5  DIVISIBILITY OF WARRANT. This Warrant may be divided into
         warrants representing one Warrant Share or multiples thereof, upon
         surrender at the principal office of the Company on any Business day,
         without charge to any Warrantholder.

              1.6  REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY.
         The Company hereby represents, warrants and covenants as follows:

                   (a)  EXISTENCE. The Company is a corporation duly
              organized and validly existing under the laws of the State of
              Colorado and is authorized to do business and is in good
              standing as a foreign corporation in every jurisdiction in
              which it owns or leases real property or in which the nature of
              its business requires it to be so qualified, except where the
              failure to so qualify, individually or in the aggregate, could
              not reasonably be expected to have a material adverse effect on
              the Company.

                   (b)  POWER AND AUTHORITY. The Company has all requisite
              corporate power and authority, and has taken all corporate
              action necessary, to execute, deliver and perform this Warrant,
              to grant, issue and deliver this Warrant and to authorize and
              reserve for issuance and, upon payment from time to time of the
              Exercise Price, to issue and deliver the shares of Common

<PAGE>

              Stock issuable upon exercise of the Warrant. This Warrant has
              been duly executed and delivered by the Company.

                   (c)  RESERVATION, ISSUANCE AND DELIVERY OF COMMON STOCK.
              There has been reserved for issuance, and the Company shall at
              all times keep reserved, out of the authorized and unissued
              shares of Common Stock, a number of shares sufficient to
              provide for the exercise of the rights of purchase represented
              by this Warrant, and such shares, when issued upon receipt of
              payment therefor in accordance with the terms of this Warrant,
              will be legally and validly issued, fully paid and
              nonassessable and will be free of any preemptive rights of
              stockholders.

                   (d)  EXECUTION AND DELIVERY. Neither the execution or
              delivery of this Warrant nor the consummation of the
              transactions herein contemplated does or will result in a
              breach or violation of any of the terms or provisions of, or
              constitute a default under, any indenture, mortgage, deed of
              trust, loan agreement or other agreement or instrument to which
              the Company is a party or by which the Company is bound or to
              which any of the property or assets of the Company is subject,
              nor will such action result in any violation of any provision
              of the Articles of Incorporation or Bylaws of the Company or
              any statute or any order, rule or regulation or any court or
              governmental agency or body having jurisdiction over the
              Company or any of its properties.

                   (e)  VALID AND BINDING OBLIGATIONS. This Warrant, when
              duly executed and delivered, will constitute legal, valid and
              binding obligations of the Company, enforceable in accordance
              with its terms, subject to any applicable bankruptcy,
              insolvency or other laws of general application affecting
              creditors' rights and judicial decisions interpreting any of
              the foregoing.

         2.   RESERVATION.

         All Warrant Shares which are issued upon the exercise of the rights
represented by this Warrant shall, upon issuance and payment of the Exercise
price, be validly issued, fully paid and nonassessable and free from all
taxes, liens, security interests, charges and other encumbrances with respect
to the issue thereof other than taxes in respect of any transfer occurring
contemporaneously with such issue. During the period within which this
Warrant may be exercised, the Company shall at all times have authorized and
reserved, and keep available free from preemptive rights, a sufficient number
of shares of Common Stock to provide for the exercise of this Warrant.

         3.   LOSS OR DESTRUCTION OF 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 such bond or indemnification as the Company
may reasonably require, and, in the case of such mutilation, upon surrender
and cancellation of this Warrant, the Company will execute and deliver a new
warrant of like tenor. The term "Warrant" as used herein includes any
Warrants issued in substitution or exchange of this Warrant.

          4.  OWNERSHIP OF WARRANT. The Company may deem and treat the person
in whose name this Warrant is registered as the holder and owner hereof
(nonwithstanding any notations of ownership or writing hereon made by anyone
other than the Company) for all purposes and shall not be affected by any
notice to the contrary.

<PAGE>

         5.   NO IMPAIRMENT.

         The Company shall not by any action, including, without limitation,
amending its Articles of Incorporation or through any reorganization,
transfer of assets, consolidation, merger, dissolution, issue or sale of
securities or any other voluntary action, avoid or seek to avoid the
observance or performance of any of the terms of this Warrant, but will at
all times in good faith assist in the carrying out of all such terms and in
the taking of all such actions as may be necessary or appropriate to protect
the rights of the Warrantholder against impairment. Without limiting the
generality of the foregoing, the Company will (a) not change the par value of
any shares of Common Stock receivable upon the exercise of this Warrant to an
amount greater than the amount payable therefor upon such exercise, (b) take
all such action as may be necessary or appropriate in order that the Company
may validly and legally issue fully paid and nonassessable shares of Common
Stock upon the exercise of this Warrant, (c) obtain all such authorizations,
exemptions or consents from any public regulatory body having jurisdiction
thereof as may be necessary to enable the Company to perform its obligations
under this Warrant, and (d) not undertake any reverse stock split,
combination, reorganization or other reclassification of its capital stock
which would have the effect of making this Warrant exercisable for less than
one share of Common Stock.

         Upon the request of the Warrantholder, the Company will at any time
during the period this Warrant is outstanding acknowledge in writing, in form
reasonably satisfactory to the Warrantholder, the continued validity of this
Warrant and the Company's obligations hereunder.

         6.   MISCELLANEOUS.

              6.1    ENTIRE AGREEMENT. This Warrant constitutes the entire
         agreement between the Company and the Warrantholder with respect to
         this Warrant and the Warrant Shares.

              6.2    BINDING EFFECTS; BENEFITS. This Warrant shall inure to
         the benefit of and shall be binding upon the Company, the
         Warrantholder and holders of Warrant Shares and their respective
         heirs and legal representatives. Nothing in this Warrant, expressed
         or implied, is intended to or shall confer on any person other than
         the Company, the Warrantholder and holder of Warrant Shares, or their
         respective heirs and legal representatives, any rights, remedies,
         obligations or liabilities under or by reason of this Warrant or the
         Warrant Shares.

              6.3    AMENDMENTS AND WAIVERS. This Warrant may not be modified
         or amended except by an instrument in writing signed by the Company
         and the Warrantholder. The Company, any Warrantholder or holders of
         Warrant Shares may, by an instrument in writing, waive compliance by
         the other party with any term or provision of this Warrant on the
         part of such other party hereto to be performed or complied with.
         The waiver by any such party of a breach of any term or provision of
         this Warrant shall not be construed as a waiver of any subsequent
         breach.

              6.4    SECTION AND OTHER HEADINGS. The section and other
         headings contained in this Warrant are for reference purposes only
         and shall not be deemed to be a part of this Warrant or to affect
         the meaning or interpretation of this Warrant.

              6.5    FURTHER ASSURANCES. Each of the Company, the
         Warrantholder and holders of Warrant Shares shall do and perform all
         such further acts and things and execute and deliver all such other
         certificates, instruments and/or powers of attorney as may be
         necessary or appropriate as any party hereto may, at any time and
         from time to time, reasonably request in connection with the
         performance of any of the provisions of this Warrant.

              6.6    NOTICES. All demands, requests, notices and other
         communications required or permitted to be given under this Warrant
         shall be in writing and shall be deemed to have been duly given if
         delivered personally or sent by United States certified or registered
         first class mail, postage prepaid, to the parties hereto at the
         following addresses or at such other address as any party hereto shall
         hereafter specify by notice to the other party hereto:

<PAGE>

                     (a)   if to the Company, addressed to:

                           2-Infinity.com, Inc.
                           4828 Loop Central Drive, Suite 150
                           Houston, Texas 77081
                           Attn: Ms. Kelly Nispel

                     (b)   If to any Warrantholder or holder of Warrant
              Shares, addressed to the address of such person appearing on
              the books of the Company.

              Except as otherwise provided herein, all such demands, requests,
         notices and other communications shall be deemed to have been received
         on the date of personal delivery thereof or on the third Business Day
         after the mailing thereof.

              6.7    SEPARABILITY. Any term or provision of this Warrant
         which is invalid or unenforceable in any jurisdiction shall, as to such
         jurisdiction, be ineffective to the extent of such invalidity or
         unenforceability without rendering invalid or unenforceable any other
         term or provision of this Warrant or affecting the validity or
         enforceability of any of the terms or provisions of this Warrant in
         any other jurisdiction.

              6.8    FRACTIONAL SHARES. No fractional shares or scrip
         representing fractional shares shall be issued upon the exercise of
         this Warrant. With respect to any fraction of a share called for upon
         any exercise hereof, the Company shall pay to the Warrantholder an
         amount in cash equal to such fraction multiplied by the then-current
         market price.

              6.9    RIGHTS OF THE HOLDER. No Warrantholder shall, solely by
         virtue of this Warrant, be entitled to any rights of a stockholder of
         the Company, either at law or in equity.

              6.10   GOVERNING LAW. This Warrant shall be deemed to be a
         contract made under the laws of the State of Texas and for all
         purposes shall be governed by and construed in accordance with the
         laws of such State applicable to contracts made and performed in
         Texas.

              6.11   RIGHT TO INFORMATION. The Company will provide the
         Warrantholder and to all holders of Warrant Shares, on a timely basis,
         copies of all documents and reports filed with the Securities and
         Exchange Commission (the "Commission") and publicly available
         annual and quarterly financial statements, as may be requested in
         writing by the Warrantholder.

              6.12   MERGER OR CONSOLIDATION OF THE COMPANY. So long as this
         Warrant remains in effect, the Company will not merge or consolidate
         with or into, or sell, transfer or lease all or substantially all of
         its property to, any other corporation unless the successor or
         purchasing corporation, as the case may be, (i) shall be the Company
         or (ii) if not the Company, shall expressly assume, by supplemental
         agreement executed and delivered to the Warrantholder, the performance
         and observance of each and every covenant and condition of this
         Warrant to be performed and observed by the Company under this
         Warrant.

              6.13   RULE 144

                     (a)   REPORTING REQUIREMENTS. With a view to making
              available to the Warrantholder the benefits of certain rules of
              the Commission that may permit the sale of shares of Common
              Stock to the public without registration, the Company hereby
              covenants and agrees to use its reasonable business efforts
              after the Initial Exercise Date to file in a timely manner all
              reports and other documents required to be filed by it under
              the Securities Act of 1933, as amended the "Act" and the
              Securities Exchange Act of 1934, as amended, and the rules and
              regulations adopted by the Commission thereunder necessary to
              permit sales under Rule 144 under the Act, and the Company will
              take such further action which does not have material cost to
              the Company to the

<PAGE>

              extent required from time to time to enable the Warrantholder
              to sell shares of Common Stock without registration under the
              Act within the limitation of the exemptions provided by (a)
              Rule 144 under the Act, as such Rule may be amended from time
              to time, or (b) any similar rule or regulation hereafter
              adopted by the Commission. Upon the written request of a
              Warrantholder, the Company will deliver to such Warrantholder a
              written statement as to whether it has complied with such
              requirements.

              (b)  HOLDING PERIOD. In order to satisfy the holding period
              requirement of Rule 144, the holder of Warrant Shares is,
              generally, required to own those Warrant Shares for at least
              one year prior to their resale. For purposes of Rule 144, the
              one-year holding period does not begin until the Exercise Price
              for the Warrant Shares has been paid in full.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed
by its duly authorized officer as of the date first written above.

                                                   2-INFINITY.COM, INC.

                                                   By: /s/ Majed M. Jalali
                                                       Majed M. Jalali
                                                       Chief Executive Officer

<PAGE>

                                  EXERCISE FORM

                 (To be executed upon exercise of this Warrant)

     The undersigned, the record holder of this Warrant, hereby irrevocably
elects to exercise the right, represented by this Warrant, to purchase
______________ of the Warrant Shares, and herewith tenders payment for such
Warrant Shares to the order of 2-INFINITY.COM, INC., in the amount of
$___________ in accordance with the terms of this Warrant. The undersigned
requests that a certificate for such Warrant Shares be registered in the name
of _____________ and that such certificate be delivered to ______________,
whose address is ________________.

Date: ____________________________          Signature: ________________________

<PAGE>

                                  EXHIBIT C
                    CERTIFICATE OF INDIVIDUAL EQUITY OWNER

<PAGE>

                    CERTIFICATE OF INDIVIDUAL EQUITY OWNER

        THE UNDERSIGNED hereby represents, warrants and certifies that the
following is true and correct as it relates to the undersigned:

A.      Name:   Forrest E. Singletary

B.      Age:    60

C.      Social Security
        Number: ###-##-####

D.      Home Address:   2011 Pitts Road
                        Richmond, TX 77469

E.      Home Phone:     (281) 341-5544

F.      Office Address: 9800 Richmond Ave. #320
                        Houston, TX 77027

G.      Office Phone:   (713) 782-4122

H.      Financial Information:

                I understand that, for purposes of complying with federal and
        state securities laws, with certain limited exceptions, subscriptions
        for shares of common stock in 2-Infinity.Com, Inc. (the "Company") are
        limited to persons who are "accredited investors:" persons whose
        individual net worth (or joint net worth with spouse) exceeds $1,000,000
        or who had individual income in excess of $200,000 in each of the
        preceding 2 years (or joint income with spouse in excess of $300,000 in
        each of the preceding 2 years) and anticipates reaching the same income
        level in the current year. "Accredited investor" includes any entity in
        which all of the owners are accredited investors.

        I hereby represent that:    /X/ I am an "accredited investor."

                                    / / I am not an "accredited investor."

I.      Check whichever of the following are true:

        /X/  I have a relationship with the Company or its principals,
             executive officers, or directors evincing trust, such as close
             business association, close friendship, or close family ties.

        /X/  I have a general knowledge of finance, securities, and investments.

        /X/  I have skill and experience in investments based on my actual
             participation in investments.

        /X/  I can easily afford to lose my entire investment.

        IN WITNESS WHEREOF, the undersigned represents that the foregoing
statements are true and correct and that he has executed this Certificate
this 28th day of April, 2000.

                                        /s/ FORREST E. SINGLETARY
                                        ----------------------------------
                                        Signature

                                        Forrest E. Singletary
                                        ----------------------------------<PAGE>

                          SECURITIES PURCHASE AGREEMENT

         SECURITIES PURCHASE AGREEMENT (the "AGREEMENT"), dated as of August
14, 2000, by and among 2-Infinity.com, Inc., a Colorado corporation, with
headquarters located at 4828 Loop Central Drive, Suite 150, Houston, Texas
77081 (the "COMPANY"), and each of the investors listed on the Schedule of
Buyers attached hereto (individually, a "BUYER" or collectively "BUYERS").

         WHEREAS:

         A.       The Company and the Buyers are executing and delivering
this Agreement in reliance upon the exemption from securities registration
pursuant to Section 4(2) of the Securities Act of 1933, as amended (the "1933
ACT"), and/or Regulation D ("REGULATION D") as promulgated by the U.S.
Securities and Exchange Commission (the "SEC");

         B.       The Company has authorized the following new series of its
Preferred Stock, no par value per share (the "PREFERRED STOCK"): the
Company's Series A Convertible Preferred Stock (the "SERIES A PREFERRED
SHARES"), which shall be convertible into shares of the Company's Common
Stock, no par value per share (the "COMMON STOCK") (as converted, the
"CONVERSION SHARES"), in accordance with the terms of the Company's Articles
of Amendment to the Articles of Incorporation setting for the preferences and
rights of the Series A Convertible Preferred Stock of 2-Infinity.com, Inc.,
substantially in the form attached hereto as Exhibit "A" (the "ARTICLES OF
AMENDMENT");

         C.       The Buyers wish to purchase, upon the terms and conditions
stated in this Agreement, an aggregate amount of up to 3,000 shares of Series
A Preferred Stock and warrants to acquire an aggregate of 600,000 shares of
Common Stock in the respective amounts set forth opposite each Buyer's name
on the Schedule of Buyers;

         D.       Contemporaneously with the execution and delivery of this
Agreement, the parties hereto are executing and delivering a Registration
Rights Agreement substantially in the form attached hereto as Exhibit "B"
(the "REGISTRATION RIGHTS AGREEMENT") pursuant to which the Company has
agreed to provide certain registration rights under the 1933 Act and the
rules and regulations promulgated thereunder, and applicable state securities
laws; and

         E.       In consideration of entering into this Agreement, each
Buyer shall at the Closing (as defined herein) receive purchase warrants to
acquire shares of Common Stock substantially in the form attached hereto as
Exhibit "C" (the "WARRANTS").

         NOW THEREFORE, the Company and the Buyer hereby agree as follows:

         1.       PURCHASE AND SALE OF SERIES A PREFERRED STOCK AND WARRANTS.

                  a.       PURCHASE OF SERIES A PREFERRED STOCK AND WARRANTS.
         Subject to the satisfaction (or waiver) of the conditions set forth in
         Sections 6 and 7 below, the Company shall issue and sell to the Buyers
         and the Buyers shall purchase from the Company an aggregate of 3,000
         shares of Series A Preferred Stock and Warrants to acquire an aggregate
         of 600,000 shares of Common Stock, in the respective amounts and for
         the purchase price set forth opposite each Buyer's name on the Schedule
         of Buyers (the "Closing").

                  b.       CLOSING DATE. The date and time of the Closing (the
         "CLOSING DATE") shall be 10:00

<PAGE>

         a.m. Eastern Standard Time, within five (5) business days following
         the date hereof, subject to notification of satisfaction (or waiver)
         of the conditions to the Closing set forth in Sections 6 and 7 below
         (or such later date as is mutually agreed to by the Company and the
         Buyers). The Closing shall occur on the Closing Date at the offices
         of Sims Moss Kline & Davis LLP, 400 Northpark Town Center, Suite 310,
         1000 Abernathy Road, N.E., Atlanta, Georgia 30328.

                  c.       FORM OF PAYMENT. On the Closing Date, (i) each Buyer
         shall pay the purchase price to the Company for the Series A Preferred
         Shares and Warrants to be issued and sold to such Buyer at the Closing,
         by wire transfer of immediately available funds in accordance with the
         Escrow Agreement, by and among the Company, The Bank of New York, and
         J.P. Carey Securities, Inc., dated August ___, 2000, and (ii) the
         Company shall deliver to each Buyer, certificates representing such
         Series A Preferred Stock which such Buyer is then purchasing (as
         indicated opposite such Buyer's name on the Schedule of Buyers), duly
         executed on behalf of the Company and registered in the name of such
         Buyer or its designee (the "CERTIFICATES").

         2.       BUYER'S REPRESENTATIONS AND WARRANTEES.

                  Each Buyer represents and warrants with respect to only itself
that:

                  a.       INVESTMENT PURPOSE. Such Buyer (i) is acquiring the
         Series A Preferred Shares, (ii) upon conversion of the Series A
         Preferred Shares, will acquire the Conversion Shares then issuable,
         (iii) will acquire any Warrants, and (iv) upon exercise of the
         Warrants, will acquire the shares of Common Stock issuable upon
         exercise thereof (the "WARRANT SHARES") for its own account for
         investment only and not with a view towards, or for resale in
         connection with, the public sale or distribution thereof, except
         pursuant to sales registered or exempted under the 1933 Act; provided,
         however, that by making the representations herein, such Buyer does not
         agree to hold any Series A Preferred Shares, Conversion Shares,
         Warrants, or Warrant Shares for any minimum or other specific term and
         reserves the right to dispose of Series A Preferred Shares, Conversion
         Shares, Warrants, or Warrant Shares at any time in accordance with, or
         pursuant to a registration statement or an exemption under, the 1933
         Act.

                  b.       ACCREDITED INVESTOR STATUS. Such Buyer is an
         "accredited investor" as that term is defined in Rule 501(a)(3) of
         Regulation D.

                  c.       RELIANCE ON EXEMPTIONS. Such Buyer understands that
         the Series A Preferred Shares, the Conversion Shares, the Warrants, or
         the Warrant Shares are being offered and sold to it in reliance on
         specific exemptions from the registration requirements of United States
         federal and state securities laws and that the Company is relying upon
         the truth and accuracy of, and such Buyer's compliance with, the
         representations, warranties, agreements, acknowledgments and
         understandings of such Buyer set forth herein in order to determine the
         availability of such exemptions and the eligibility of such Buyer to
         acquire such securities.

                  d.       INFORMATION. Such Buyer and its advisors, if any,
         have been furnished with all materials relating to the business,
         finances and operations of the Company and materials relating to the
         offer and sale of the Series A Preferred Shares, the Conversion Shares,
         the Warrants, or the Warrant Shares, which have been requested by such
         Buyer. Such Buyer and its advisors, if any, have been afforded the
         opportunity to ask questions of the Company. Neither such inquiries nor
         any other due diligence investigations conducted by such Buyer or its
         advisors, if any, or its representatives shall modify, amend or affect
         such Buyer's right to rely on the Company's representations and
         warranties contained in Section 3 below. Such Buyer understands that
         its investment in the Series A Preferred Shares, the Conversion Shares,
         the Warrants, or the Warrant Shares involves a high degree of risk.

<PAGE>

         Such Buyer has sought such accounting, legal and tax advice as it has
         considered necessary to make an informed investment decision with
         respect to its acquisition of the Series A Preferred Shares, the
         Conversion Shares, the Warrants, or the Warrant Shares.

                  e.       NO GOVERNMENTAL REVIEW. Such Buyer understands that
         no United States federal or state agency or any other government or
         governmental agency has passed on or made any recommendation or
         endorsement of the Series A Preferred Shares, the Conversion Shares,
         the Warrants, or the Warrant Shares, or the fairness or suitability of
         the investment in the Series A Preferred Shares, the Conversion Shares,
         the Warrants, or the Warrant Shares, nor have such authorities passed
         upon or endorsed the merits of the offering of the Series A Preferred
         Shares, the Conversion Shares, the Warrants, or the Warrant Shares.

                  f.       TRANSFER OR RESALE. Such Buyer understands that
         except as provided in the Registration Rights Agreement: (i) the Series
         A Preferred Share, the Conversion Shares, the Warrants or the Warrant
         Shares have not been and are not being registered under the 1933 Act or
         any state securities laws, and may not be offered for sale, sold,
         assigned or transferred unless (a) subsequently registered thereunder,
         (b) such Buyer shall have delivered to the Company an opinion of
         counsel, in a generally acceptable form, to the effect that such
         securities to be sold, assigned or transferred may be sold, assigned or
         transferred pursuant to an exemption from such registration, or (c)
         such Buyer provides the Company with reasonable assurance that such
         securities can be sold, assigned or transferred pursuant to Rule 144
         promulgated under the 1933 Act (or a successor rule thereto) ("RULE
         144"); (ii) any sale of such securities made in reliance on Rule 144
         may be made only in accordance with the terms of Rule 144 and further,
         if Rule 144 is not applicable, any resale of such securities under
         circumstances in which the seller (or the person through whom the sale
         is made) may be deemed to be an underwriter (as that term is defined in
         the 1933 Act) may require compliance with some other exemption under
         the 1933 Act or the rules and regulations of the SEC thereunder; and
         (iii) except as provided in the Registration Rights Agreement, neither
         the Company nor any other person is under any obligation to register
         the sale of such securities under the 1933 Act or any state securities
         laws or to comply with the terms and conditions of any exemption
         thereunder.

                  g.       LEGENDS. Such Buyer understands that the certificates
         or other instruments representing the Series A Preferred Shares, the
         Warrants and, until such time as the sale of the Conversion Shares has
         been registered under the 1933 Act as contemplated by the Registration
         Rights Agreement, the stock certificates representing the Conversion
         Shares and the Warrant Shares shall bear a restrictive legend in
         substantially the following form (and a stop-transfer order may be
         placed against transfer of such stock certificates):

                  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
                  APPLICABLE STATE SECURITIES LAWS. THE SECURITIES HAVE BEEN
                  ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD,
                  TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE
                  REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
                  ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS,
                  OR AN OPINION OF COUNSEL, IN A GENERALLY ACCEPTABLE FORM TO
                  THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT
                  OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO
                  RULE 144 UNDER SAID ACT.

<PAGE>

         The legend set forth above shall be removed and the Company shall issue
         a certificate without such legend to the holder of the Series A
         Preferred Shares, the Conversion Shares, the Warrants, or the Warrant
         Shares, upon which it is stamped, if, unless otherwise required by
         state securities laws, (i) the sale of the Conversion Shares or Warrant
         Shares are registered under the 1933 Act, (ii) in connection with a
         sale transaction, such holder provides the Company with an opinion of
         counsel, reasonably satisfactory to the Company, to the effect that a
         public sale, assignment or transfer of the Series A Preferred Shares,
         the Conversion Shares, the Warrants, and the Warrant Shares may be made
         without registration under the 1933 Act, or (iii) such holder provides
         the Company with reasonable assurances that the Series A Preferred
         Shares, the Conversion Shares, the Warrants, or the Warrant Shares can
         be sold pursuant to Rule 144 without any restriction as to the number
         of securities acquired as of a particular date that can then be
         immediately sold.

                  h.       AUTHORIZATION, ENFORCEMENT. This Agreement has been
         duly and validly authorized, executed and delivered on behalf of such
         Buyer and is a valid and binding agreement of such Buyer enforceable in
         accordance with its terms, except as enforceability may be limited by
         general principles of equity or applicable bankruptcy, insolvency,
         reorganization, moratorium, liquidation and other similar laws relating
         to, or affecting generally, the enforcement of applicable creditors'
         rights and remedies.

         3.       REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

                  The Company represents and warrants to each of the Buyers
that:

                  a.       ORGANIZATION AND QUALIFICATION. The Company and its
         subsidiaries are corporations duly organized and validly existing in
         good standing under the laws of the jurisdiction in which they are
         incorporated, and have the requisite corporate power to own their
         properties and to carry on their business as now being conducted. Each
         of the Company and its subsidiaries is duly qualified as a foreign
         corporation to do business and is in good standing in every
         jurisdiction in which the nature of the business conducted by it makes
         such qualification necessary, except to the extent that the failure to
         be so qualified or be in good standing would not have a material
         adverse effect on the Company and its subsidiaries taken as a whole.

                  b.       AUTHORIZATION, ENFORCEMENT, COMPLIANCE WITH OTHER
         INSTRUMENTS. (i) The Company has the requisite corporate power and
         authority to enter into and perform this Agreement, the Registration
         Rights Agreement and any related agreements, and to issue the Series A
         Preferred Shares, the Conversion Shares, the Warrants, and the Warrant
         Shares, in accordance with the terms hereof and thereof, (ii) the
         execution and delivery of this Agreement, the Registration Rights
         Agreement and any related agreements by the Company and the
         consummation by it of the transactions contemplated hereby and thereby,
         including without limitation the issuance of the Series A Preferred
         Shares and the Warrants and the reservation for issuance and the
         issuance of the Conversion Shares and the Warrant Shares issuable upon
         conversion or exercise thereof, have been duly authorized by the
         Company's Board of Directors and no further consent or authorization is
         required by the Company, its Board of Directors or its stockholders,
         (iii) this Agreement and the Registration Rights Agreement and any
         related agreements have been duly executed and delivered by the
         Company, (iv) this Agreement, the Registration Rights Agreement and any
         related agreements constitute the valid and binding obligations of the
         Company enforceable against the Company in accordance with their terms,
         except as such enforceability may be limited by general principles of
         equity or applicable bankruptcy, insolvency, reorganization,
         moratorium, liquidation or similar laws relating to, or affecting
         generally, the enforcement of creditors' rights and remedies, and (v)
         prior to the Closing Date, the Articles of Amendment has been filed
         with the Secretary of State of the State of Colorado and will be in
         full force and effect, enforceable against the Company in accordance
         with its terms.

<PAGE>

                  c.       CAPITALIZATION. As of the date hereof, the authorized
         capital stock of the Company consists of 300,000,000 shares of Common
         Stock, of which as of the date hereof 86,576,339 shares were issued and
         outstanding, and no shares of Preferred Stock were authorized, issued
         and outstanding. All of such outstanding shares have been validly
         issued and are fully paid and nonassessable. Except as disclosed in
         Schedule 3(c), no shares of Common Stock or preferred stock are subject
         to preemptive rights or any other similar rights or any liens or
         encumbrances suffered or permitted by the Company. Except as disclosed
         in Schedule 3(c), as of the effective date of this Agreement, (i) there
         are no outstanding options, warrants, scrip, rights to subscribe to,
         calls or commitments of any character whatsoever relating to, or
         securities or rights convertible into, any shares of capital stock of
         the Company or any of its subsidiaries, or contracts, commitments,
         understandings or arrangements by which the Company or any of its
         subsidiaries is or may become bound to issue additional shares of
         capital stock of the Company or any of its subsidiaries or options,
         warrants, scrip, rights to subscribe to, calls or commitments of any
         character whatsoever relating to, or securities or rights convertible
         into, any shares of capital stock of the Company or any of its
         subsidiaries, (ii) there are no outstanding debt securities, (iii)
         there are no agreements or arrangements under which the Company or any
         of its subsidiaries is obligated to register the sale of any of their
         securities under the 1933 Act (except the Registration Rights
         Agreement), and (iv) there are no securities or instruments containing
         anti-dilution or similar provisions that will be triggered by the
         issuance of the Series A Preferred Shares or the Conversion Shares, as
         described in this Agreement. The Company has furnished to the Buyers
         true and correct copies of the Company's Articles of Incorporation, as
         amended and as in effect on the date hereof (the "ARTICLES OF
         INCORPORATION"), and the Company's By-laws, as in effect on the date
         hereof (the "BY-LAWS"), and the terms of all securities convertible
         into or exercisable for Common Stock and the material rights of the
         holders thereof in respect thereto.

                  d.       ISSUANCE OF SECURITIES. The Series A Preferred Shares
         are duly authorized and, upon issuance in accordance with the terms
         hereof, shall be (i) validly issued, fully paid and non-assessable, are
         free from all taxes, liens and charges with respect to the issue
         thereof and are entitled to the rights and preferences set forth in the
         Series A Preferred Shares. The Conversion Shares issuable upon
         conversion of the Series A Preferred Shares have been duly authorized
         and reserved for issuance. Upon conversion or exercise in accordance
         with the Articles of Amendment, the Conversion Shares will be validly
         issued, fully paid and nonassessable and free from all taxes, liens and
         charges with respect to the issue thereof, with the holders being
         entitled to all rights accorded to a holder of Common Stock.

                  e.       NO CONFLICTS. Except as disclosed in Schedule 3(e),
         the execution, delivery and performance of this Agreement by the
         Company and the consummation by the Company of the transactions
         contemplated hereby will not (i) result in a violation of the Articles
         of Incorporation or Bylaws or (ii) conflict with or constitute a
         default (or an event which with notice or lapse of time or both would
         become a default) under, or give to others any rights of termination,
         amendment, acceleration or cancellation of, any agreement, indenture or
         instrument to which the Company or any of its subsidiaries is a party,
         or result in a violation of any law, rule, regulation, order, judgment
         or decree (including federal and state securities laws and regulations
         and the rules and regulations of the principal market or exchange on
         which the Common Stock is traded or listed) applicable to the Company
         or any of its subsidiaries or by which any property or asset of the
         Company or any of its subsidiaries is bound or affected. Except as
         disclosed in Schedule 3(e), neither the Company nor any of its
         subsidiaries is in violation of any term of or in default under its
         Articles of Incorporation or By-laws or their organizational charter or
         by-laws, respectively, or any material contract, agreement, mortgage,
         indebtedness, indenture, instrument, judgment, decree or order or any
         statute, rule or regulation applicable to the Company or its
         subsidiaries. The business of the Company and its

<PAGE>

         subsidiaries is not being conducted in violation of any law, ordinance,
         regulation of any governmental entity. Except as specifically
         contemplated by this Agreement and as required under the 1933 Act and
         any applicable state securities laws, the Company is not required to
         obtain any consent, authorization or order of, or make any filing or
         registration with, any court or governmental agency in order for it to
         execute, deliver or perform any of its obligations under or
         contemplated by this Agreement or the Registration Rights Agreement in
         accordance with the terms hereof or thereof. Except as disclosed in
         Schedule 3(e), all consents, authorizations, orders, filings and
         registrations which the Company is required to obtain pursuant to the
         preceding sentence have been obtained or effected on or prior to the
         date hereof. The Company and its subsidiaries are unaware of any facts
         or circumstances, which might give rise to any of the foregoing.

                  f.       SEC DOCUMENTS: FINANCIAL STATEMENTS. Since January 1,
         2000, the Company has filed all reports, schedules, forms, statements
         and other documents required to be filed by it with the SEC pursuant to
         the reporting requirements of the Securities Exchange Act of 1934, as
         amended (the "1934 ACT") (all of the foregoing filed prior to the date
         hereof and all exhibits included therein and financial statements and
         schedules thereto and documents incorporated by reference therein,
         being hereinafter referred to as the "SEC DOCUMENTS"). The Company has
         delivered to the Buyers or their representatives true and complete
         copies of the SEC Documents. As of their respective dates, the
         financial statements of the Company attached as Schedule 3(f) hereto
         (the "FINANCIAL STATEMENTS") complied as to form in all material
         respects with applicable accounting requirements and the published
         rules and regulations of the SEC with respect thereto. Such financial
         statements have been prepared in accordance with generally accepted
         accounting principles, consistently applied, during the periods
         involved (except (i) as may be otherwise indicated in such financial
         statements or the notes thereto, or (ii) in the case of unaudited
         interim statements, to the extent they may exclude footnotes or may be
         condensed or summary statements) and fairly present in all material
         respects the financial position of the Company as of the dates thereof
         and the results of its operations and cash flows for the periods then
         ended (subject, in the case of unaudited statements, to normal year-end
         audit adjustments). No other information provided by or on behalf of
         the Company to the Buyers which is not included in the SEC Documents,
         including, without limitation, information referred to in Section 2(d)
         of this Agreement, contains any untrue statement of a material fact or
         omits to state any material fact necessary in order to make the
         statements therein, in the light of the circumstance under which they
         are or were made, not misleading.

                  g.       ABSENCE OF CERTAIN CHANGES. Except as disclosed in
         Schedule 3(g), since January 1, 2000, there has been no material
         adverse change and no material adverse development in the business,
         properties, operations, financial condition, results of operations or
         prospects of the Company or its subsidiaries. The Company has not taken
         any steps, and does not currently expect to take any steps, to seek
         protection pursuant to any bankruptcy law nor does the Company or its
         subsidiaries have any knowledge or reason to believe that its creditors
         intend to initiate involuntary bankruptcy proceedings.

                  h.       ABSENCE OF LITIGATION. There is no action, suit,
         proceeding, inquiry or investigation before or by any court, public
         board, government agency, self-regulatory organization or body pending
         or, to the knowledge of the Company or any of its subsidiaries,
         threatened against or affecting the Company, the Common Stock or any of
         the Company's subsidiaries, wherein an unfavorable decision, ruling or
         finding would (i) have a material adverse effect on the transactions
         contemplated hereby (ii) adversely affect the validity or
         enforceability of, or the authority or ability of the Company to
         perform its obligations under, this Agreement or any of the documents
         contemplated herein or (iii), except as expressly set forth in Schedule
         3(h), have a material adverse effect on the business, operations,
         properties, financial condition or results of operation of the Company
         and its subsidiaries taken as a whole.

                  i.       ACKNOWLEDGMENT REGARDING BUYERS' PURCHASE OF SERIES A
         PREFERRED SHARES. The

<PAGE>

         Company acknowledges and agrees that the Buyers are acting solely in
         the capacity of arm's length purchasers with respect to this Agreement
         and the transactions contemplated hereby. The Company further
         acknowledges that the Buyers are not acting as financial advisors or
         fiduciaries of the Company (or in any similar capacity) with respect to
         this Agreement and the transactions contemplated hereby and any advice
         given by the Buyers or any of their respective representatives or
         agents in connection with this Agreement and the transactions
         contemplated hereby is merely incidental to the Buyers' purchase of the
         Series A Preferred Shares, the Conversion Shares, the Warrants, and the
         Warrant Shares. The Company further represents to the Buyers that the
         Company's decision to enter into this Agreement has been based solely
         on the independent evaluation by the Company and its representatives.

                  j.       NO UNDISCLOSED EVENTS, LIABILITIES, DEVELOPMENTS OR
         CIRCUMSTANCES. No event, liability, development or circumstance has
         occurred or exists, or is contemplated to occur, with respect to the
         Company or its subsidiaries or their respective business, properties,
         prospects, operations or financial condition, which could be material
         but which has not been publicly announced or disclosed in writing to
         the Buyer.

                  k.       NO GENERAL SOLICITATION. Neither the Company, nor any
         of its affiliates, nor any person acting on its or their behalf, has
         engaged in any form of general solicitation or general advertising
         (within the meaning of Regulation D under the 1933 Act) in connection
         with the offer or sale of the Series A Preferred Shares, the Conversion
         Shares, the Warrants, and the Warrant Shares.

                  1.       NO INTEGRATED OFFERING. Neither the Company, nor any
         of its affiliates, nor any person acting on its or their behalf has,
         directly or indirectly, made any offers or sales of any security or
         solicited any offers to buy any security, under circumstances that
         would require registration of the Series A Preferred Shares, the
         Conversion Shares, the Warrants, and the Warrant Shares, under the 1933
         Act or cause this offering of the Series A Preferred Shares, the
         Conversion Shares, the Warrants, and the Warrant Shares, to be
         integrated with prior offerings by the Company for purposes of the 1933
         Act or any applicable stockholder approval provisions.

                  m.       EMPLOYEE RELATIONS. Neither the Company nor any of
         its subsidiaries is involved in any labor dispute nor, to the knowledge
         of the Company or any of its subsidiaries, is any such dispute
         threatened. None of the Company's or its subsidiaries' employees is a
         member of a union and the Company and its subsidiaries believe that
         their relations with their employees are good.

                  n.       INTELLECTUAL PROPERTY RIGHTS. The Company and its
         subsidiaries own or possess adequate rights or licenses to use all
         trademarks, trade names, service marks, service mark registrations,
         service names, patents, patent rights, copyrights, inventions,
         licenses, approvals, governmental authorizations, trade secrets and
         rights necessary to conduct their respective businesses as now
         conducted. Except as set forth on Schedule 3(n), none of the Company's
         trademarks, trade names, service marks, service mark registrations,
         service names, patents, patent rights, copyrights, inventions,
         licenses, approvals, government authorizations, trade secrets, or other
         intellectual property rights have expired or terminated, or are
         expected to expire or terminate in the near future. The Company and its
         subsidiaries do not have any knowledge of any infringement by the
         Company or its subsidiaries of trademark, trade name rights, patents,
         patent rights, copyrights, inventions, licenses, service names, service
         marks, service mark registrations, trade secret or other similar rights
         of others, or of any such development of similar or identical trade
         secrets or technical information by others and, except as set forth on
         Schedule 3(n), there is no claim, action or proceeding being made or
         brought against, or to the Company's knowledge, being threatened
         against, the Company or its subsidiaries regarding trademark, trade
         name, patents, patent rights, invention, copyright, license, service
         names, service marks, service mark registrations, trade secret or other
         infringement; and the Company and its

<PAGE>

         subsidiaries are unaware of any facts or circumstances which might
         give rise to any of the foregoing. The Company and its subsidiaries
         have taken reasonable security measures to protect the secrecy,
         confidentiality and value of all of their intellectual properties.

                  o.       ENVIRONMENTAL LAWS. The Company and its subsidiaries
         are (i) in compliance with any and all applicable foreign, federal,
         state and local laws and regulations relating to the protection of
         human health and safety, the environment or hazardous or toxic
         substances or wastes, pollutants or contaminants ("ENVIRONMENTAL
         LAWS"), (ii) have received all permits, licenses or other approvals
         required of them under applicable Environmental Laws to conduct their
         respective businesses and (iii) are in compliance with all terms and
         conditions of any such permit, license or approval.

                  p.       TITLE. The Company and its subsidiaries have good and
         marketable title in fee simple to all real property and good and
         marketable title to all personal property owned by them which is
         material to the business of the Company and its subsidiaries, in each
         case free and clear of all liens, encumbrances and defects except such
         as are described in Schedule 3(p) or such as do not materially affect
         the value of such property and do not interfere with the use made and
         proposed to be made of such property by the Company and its
         subsidiaries. Any facilities held under lease by the Company and its
         subsidiaries are held by them under valid, subsisting and enforceable
         leases with such exceptions as are not material and do not interfere
         with the use made and proposed to be made of such property and
         buildings by the Company and its subsidiaries.

                  q.       INSURANCE. The Company and each of its subsidiaries
         are insured by insurers of recognized financial responsibility against
         such losses and risks and in such amounts as management of the Company
         believes to be prudent and customary in the businesses in which the
         Company and its subsidiaries are engaged. Neither the Company nor any
         such subsidiary has been refused any insurance coverage sought or
         applied for and neither the Company nor any such subsidiary has any
         reason to believe that it will not be able to renew its existing
         insurance coverage as and when such coverage expires or to obtain
         similar coverage from similar insurers as may be necessary to continue
         its business at a cost that would not materially and adversely affect
         the condition, financial or otherwise, or the earnings, business or
         operations of the Company and its subsidiaries, taken as a whole.

                  r.       REGULATORY PERMITS. The Company and its subsidiaries
         possess all certificates, authorizations and permits issued by the
         appropriate federal, state or foreign regulatory authorities necessary
         to conduct their respective businesses, and neither the Company nor any
         such subsidiary has received any notice of proceedings relating to the
         revocation or modification of any such certificate, authorization or
         permit.

                  s.       INTERNAL ACCOUNTING CONTROLS. The Company and each of
         its subsidiaries maintain a system of internal accounting controls
         sufficient to provide reasonable assurance that (i) transactions are
         executed in accordance with management's general or specific
         authorizations, (ii) transactions are recorded as necessary to permit
         preparation of financial statements in conformity with generally
         accepted accounting principles and to maintain asset accountability,
         (iii) access to assets is permitted only in accordance with
         management's general or specific authorization and (iv) the recorded
         accountability for assets is compared with the existing assets at
         reasonable intervals and appropriate action is taken with respect to
         any differences.

                  t.       NO MATERIALLY ADVERSE CONTRACTS, ETC. Neither the
         Company nor any of its subsidiaries is subject to any charter,
         corporate or other legal restriction, or any judgment, decree, order,
         rule or regulation which in the judgment of the Company's officers has
         or is expected in the future to have a material adverse effect on the
         business, properties, operations, financial condition,

<PAGE>

         results of operations or prospects of the Company or its subsidiaries.
         Neither the Company nor any of its subsidiaries is a party to any
         contract or agreement which in the judgment of the Company's officers
         has or is expected to have a material adverse effect on the business,
         properties, operations, financial condition, results of operations or
         prospects of the Company or its subsidiaries.

                  u.       TAX STATUS. Except as set forth on Schedule 3(u), the
         Company and each of its subsidiaries has made or filed all federal and
         state income and all other tax returns, reports and declarations
         required by any jurisdiction to which it is subject (unless and only to
         the extent that the Company and each of its subsidiaries has set aside
         on its books provisions reasonably adequate for the payment of all
         unpaid and unreported taxes) and has paid all taxes and other
         governmental assessments and charges that are material in amount, shown
         or determined to be due on such returns, reports and declarations,
         except those being contested in good faith and has set aside on its
         books provision reasonably adequate for the payment of all taxes for
         periods subsequent to the periods to which such returns, reports or
         declarations apply. There are no unpaid taxes in any material amount
         claimed to be due by the taxing authority of any jurisdiction, and the
         officers of the Company know of no basis for any such claim.

                  v.       CERTAIN TRANSACTIONS. Except as set forth on Schedule
         3(v) and in the SEC Documents and except for arm's length transactions
         pursuant to which the Company makes payments in the ordinary course of
         business upon terms no less favorable than the Company could obtain
         from third parties and other than the grant of stock options disclosed
         on Schedule 3(c), none of the officers, directors, or employees of the
         Company is presently a party to any transaction with the Company (other
         than for services as employees, officers and directors), including any
         contract, agreement or other arrangement providing for the furnishing
         of services to or by, providing for rental of real or personal property
         to or from, or otherwise requiring payments to or from any officer,
         director or such employee or, to the knowledge of the Company, any
         corporation, partnership, trust or other entity in which any officer,
         director, or any such employee has a substantial interest or is an
         officer, director, trustee or partner.

                  w.       DILUTIVE EFFECT. The Company understands and
         acknowledges that the number of Conversion Shares issuable upon
         conversion of the Series A Preferred Shares will increase in certain
         circumstances. The Company further acknowledges that its obligation to
         issue Conversion Shares upon conversion of the Series A Preferred
         Shares in accordance with this Agreement and the Articles of Amendment
         and the conversion of the Series A Preferred Shares is absolute and
         unconditional regardless of the dilutive effect that such issuance may
         have on the ownership interests of other shareholders of the Company.

                  x.       FEES AND RIGHTS OF FIRST REFUSAL. The Company is not
         obligated to offer the securities offered hereunder on a right of first
         refusal basis or otherwise to any third parties including, but not
         limited to, current or former shareholders of the Company,
         underwriters, brokers, agents or other third parties.

         4.       COVENANTS.

                  a.       BEST EFFORTS. Each party shall use its best efforts
         timely to satisfy each of the conditions to be satisfied by it as
         provided in Sections 6 and 7 of this Agreement.

                  b.       FORM D. The Company agrees to file a Form D with
         respect to the Series A Preferred Shares, the Conversion Shares, the
         Warrants, and the Warrant Shares as required under Regulation D and to
         provide a copy thereof to each Buyer promptly after such filing. The
         Company shall, on or before the Closing Date, take such action as the
         Company shall reasonably determine is

<PAGE>

         necessary to qualify the Series A Preferred Shares, the Conversion
         Shares, the Warrants, and the Warrant Shares for, or obtain exemption
         for the Series A Preferred Shares, the Conversion Shares, the Warrants,
         and the Warrant Shares for, sale to the Buyers at the Closing pursuant
         to this Agreement under applicable securities or "Blue Sky" laws of
         the states of the United States, and shall provide evidence of any such
         action so taken to the Buyers on or prior to the Closing Date.

                  c.       REPORTING STATUS. Until the earlier of (i) the date
         as of which the Investors (as that term is defined in the Registration
         Rights Agreement) may sell all of the Conversion Shares without
         restriction pursuant to Rule 144(k) promulgated under the 1933 Act (or
         successor thereto), or (ii) the date on which (A) the Investors shall
         have sold all the Conversion Shares and (B) none of the Series A
         Preferred Shares is outstanding (the "REGISTRATION PERIOD"), the
         Company shall file all reports required to be filed with the SEC
         pursuant to the 1934 Act, and the Company shall not terminate its
         status as an issuer required to file reports under the 1934 Act even if
         the 1934 Act or the rules and regulations thereunder would otherwise
         permit such termination.

                  d.       USE OF PROCEEDS. The Company will use the proceeds
         from the sale of the Series A Preferred Shares for substantially the
         same purposes and in substantially the same amounts as indicated in
         Schedule 4(d).

                  e.       FINANCIAL INFORMATION. The Company agrees to send the
         following to each Buyer during the Registration Period: (i) within five
         (5) days after the filing thereof with the SEC, a copy of its Annual
         Reports on Form 10-K, its Quarterly Reports on Form 10-Q, any Current
         Reports on Form 8-K and any registration statements or amendments filed
         pursuant to the 1933 Act; (ii) within one (1) day after release
         thereof, copies of all press releases issued by the Company or any of
         its subsidiaries and (ii) copies of the same notices and other
         information given to the stockholders of the Company generally,
         contemporaneously with the giving thereof to the stockholders.

                  f.       RESERVATION OF SHARES. The Company shall take all
         action necessary to at all times have authorized, and reserved for the
         purpose of issuance, 200% of the number of Shares of Common Stock as
         shall from time to time be sufficient to affect the conversion of all
         of the Conversion Shares then outstanding, provided that the number of
         Shares of Common Stock so authorized and reserved shall initially be no
         less than12,164,704 Shares of Common Stock.

                  g.       LISTINGS. The Company shall promptly secure the
         listing of the Conversion Shares upon each national securities exchange
         or automated quotation system, if any, upon which shares of Common
         Stock are then listed (subject to official notice of issuance) and
         shall maintain, so long as any other shares of Common Stock shall be so
         listed, such listing of all Conversion Shares from time to time
         issuable under the terms of this Agreement and the Registration Rights
         Agreement. The Company shall maintain the Common Stock's authorization
         for quotation in the over-the counter market. The Company shall
         promptly provide to each Buyer copies of any notices it receives
         regarding the continued eligibility of the Common Stock for trading in
         the over-the-counter market.

                  h.       EXPENSES. Each of the Company and the Buyers shall
         pay all costs and expenses incurred by such parties in connection with
         the negotiation, investigation, preparation, execution and delivery of
         this Agreement and the Registration Rights Agreement. The reasonable
         costs and expenses of J.P. Carey Securities, Inc. and its counsel not
         to exceed $10,000.00 shall be paid for by the Company at Closing.

                  i.       AUTHORIZED SHARES OF COMMON STOCK, RESERVATION OF
         SHARES. The Company shall at all times, so long as any of the Series A
         Preferred Shares are outstanding, reserve and keep available out of its
         authorized and unissued Common Stock, solely for the purpose of
         effecting the conversion

<PAGE>

         of the Series A Preferred Shares, such number of shares of Common Stock
         equal to or greater than 200% of the number of shares of Common Stock
         for which are issuable upon conversion of all of the then outstanding
         Series A Preferred Shares which are then outstanding or which could be
         issued at any time under this Agreement or the Series A Preferred
         Shares.

                  j.       CORPORATE EXISTENCE. So long as any Series A
         Preferred Shares remain outstanding, the Company shall not directly or
         indirectly consummate any merger, reorganization, restructuring,
         consolidation, sale of all or substantially all of the Company's assets
         or any similar transaction or related transactions (each such
         transaction, a "SALE OF THE COMPANY") except if the surviving or
         successor entity in such transaction (i) expressly assumes, in writing,
         the Company's obligations hereunder and under the Registration Rights
         Agreement, the Series A Preferred Shares and any other agreements and
         instruments entered into or delivered by the Company in connection
         herewith and (ii) is a publicly traded corporation whose Common Stock
         is listed for trading on the New York Stock Exchange, Inc., the
         American Stock Exchange, the NASDAQ National Market or the NASDAQ
         OTCBB.

                  k.       TRANSACTIONS WITH AFFILIATES. So long as (i) any
         Series A Preferred Shares are outstanding or (ii) any Buyer owns
         Conversion Shares with a market value equal to or greater than
         $200,000, the Company shall not, and shall cause each of its
         subsidiaries not to, enter into, amend, modify or supplement, or permit
         any subsidiary to enter into, amend, modify or supplement any
         agreement, transaction, commitment, or arrangement with any of its or
         any subsidiary's officers, directors, person who were officers or
         directors at any time during the previous two years, stockholders who
         beneficially own 5% or more of the Common Stock, or affiliates or with
         any individual related by blood, marriage, or adoption to any such
         individual or with any entity in which any such entity or individual
         owns a 5% or more beneficial interest (each a "RELATED PARTY"), except
         for (a) customary employment arrangements and benefit programs on
         reasonable terms, (b) any agreement, transaction, commitment, or
         arrangement on an arms-length basis on terms no less favorable than
         terms which would have been obtainable from a person other than such
         Related Party, (c) any agreement transaction, commitment, or
         arrangement which is approved by a majority of the disinterested
         directors of the Company, for purposes hereof, any director who is also
         an officer of the Company or any subsidiary of the Company shall not be
         disinterested director with respect to any such agreement, transaction,
         commitment, or arrangement. "AFFILIATE" for purposes hereof means, with
         respect to any person or entity, another person or entity that,
         directly or indirectly, (i) has a 5% or more equity interest in that
         person or entity, (ii) has 5% or more common ownership with that person
         or entity, (iii) controls that person or entity, or (iv) share common
         control with that person or entity. "Control" or "controls" for
         purposes hereof means that a person or entity has the power, direct or
         indirect, to conduct or govern the policies of another person or
         entity.

                  l.       The Company covenants and agrees that, in the event
         that the Company's agency relationship with the transfer agent should
         be terminated for any reason prior to a date which is two (2) years
         after the Closing Date, the Company shall immediately appoint a new
         transfer agent and shall require that the transfer agent execute and
         agree to be bound by the terms of the Irrevocable Transfer Agent
         Instructions.

                  m.       NASDAQ LISTING. The Company covenants and agrees as
         soon as practicable after the Company is qualified to have its Common
         Stock (including all shares of Common Stock eligible for issuance
         pursuant to the Series A Preferred Stock) quoted on the NASDAQ National
         Market or the NASDAQ SmallCap Market to so apply for quotation of its
         shares.

                  n.       SHAREHOLDER APPROVAL. The Company covenants to submit
         to its shareholders at its next shareholder meeting a proposal for
         ratification of the issuance of the Series A Preferred Shares,

<PAGE>

         the Conversion Shares, the Warrants, and the Warrant Shares, if and as
         required by the rules of the NASD applicable to the transaction.

         5.       TRANSFER AGENT INSTRUCTIONS.

                  The Company shall issue irrevocable instructions to its
transfer agent to issue certificates, registered in the name of each Buyer or
its respective nominee(s), for the Conversion Shares in such amounts as
specified from time to time by such Buyer to the Company upon conversion of
the Series A Preferred Shares (the "IRREVOCABLE TRANSFER AGENT
INSTRUCTIONS"), except as provided in Section 4(l) herein. Prior to
registration of the Conversion Shares under the 1933 Act, all such
certificates shall bear the restrictive legend specified in Section 2(g) of
this Agreement. The Company warrants that no instruction other than the
Irrevocable Transfer Agent Instructions referred to in this Section 5, and
stop transfer instructions to give effect to Section 2(f) hereof (in the case
of the Conversion Shares, prior to registration of such shares under the 1933
Act) will be given by the Company to its transfer agent and that the Series A
Preferred Shares, the Conversion Shares, the Warrants, and the Warrant
Shares, shall otherwise be freely transferable on the books and records of
the Company as and to the extent provided in this Agreement and the
Registration Rights Agreement. Nothing in this Section 5 shall affect in any
way the Buyers' obligations and agreement to comply with all applicable
securities laws upon resale of the Series A Preferred Shares, the Conversion
Shares, the Warrants, and the Warrant Shares. If a Buyer provides the Company
with an opinion of counsel, reasonably satisfactory in form, and substance to
the Company, that registration of a resale by such Buyer of any of the Series
A Preferred Shares, the Conversion Shares, the Warrants, and the Warrant
Shares, is not required under the 1933 Act, the Company shall permit the
transfer, and, in the case of the Conversion Shares, promptly instruct its
transfer agent to issue one or more certificates in such name and in such
denominations as specified by such Buyer. The Company acknowledges that a
breach by it of its obligations hereunder will cause irreparable harm to the
Buyers by vitiating the intent and purpose of the transaction contemplated
hereby. Accordingly, the Company acknowledges that the remedy at law for a
breach of its obligations under this Section 5 will be inadequate and agrees,
in the event of a breach or threatened breach by the Company of the
provisions of this Section 5, that the Buyers shall be entitled, in addition
to all other available remedies, to an injunction restraining any breach and
requiring immediate issuance and transfer, without the necessity of showing
economic loss and without any bond or other security being required.

         6.       CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL.

                  The obligation of the Company hereunder to issue and sell
the Series A Preferred Shares to the Buyers at the Closing is subject to the
satisfaction, at or before the Closing Date, of each of the following
conditions, provided that these conditions are for the Company's sole benefit
and may be waived by the Company at any time in its sole discretion:

                  a.       The Buyers shall have executed this Agreement and the
         Registration Rights Agreement and delivered the same to the Company.

                  b.       The Articles of Amendment shall have been filed with
         the Secretary of State of the State of Colorado.

                  c.       Each Buyer shall have delivered to the Company the
         purchase price for the Series A Preferred Shares being purchased by
         that Buyer at the Closing by wire transfer of immediately available
         funds pursuant to the wire instructions provided by the Company.

                  d.       The representations and warranties of the Buyers
         shall be true and correct in all material respects as of the date when
         made and as of the Closing Date as though made at that time (except for
         representations and warranties that speak as of a specific date), and
         the Buyers shall have

<PAGE>

         performed, satisfied and complied in all material respects with the
         covenants, agreements and conditions required by this Agreement to be
         performed, satisfied or complied with by the Buyers at or prior to the
         Closing Date.

         7.       CONDITIONS TO THE BUYER'S OBLIGATION TO PURCHASE.

                  The obligation of the Buyers hereunder to purchase the
Series A Preferred Shares at the Closing is subject to the satisfaction, at
or before the Closing Date, of each of the following conditions, provided
that these conditions are for the Buyers' sole benefit and may be waived by
the Buyers at any time in its sole discretion:

                  a.       The Company shall have executed this Agreement and
         the Registration Rights Agreement, and delivered the same to the
         Buyers.

                  b.       The Common Stock shall be authorized for quotation on
         the electronic bulletin board, over-the-counter market, AMEX the NASDAQ
         National Market or The New York Stock Exchange, Inc., trading in the
         Common Stock shall not have been suspended for any reason and all of
         the Conversion Shares issuable upon conversion of the Series A
         Preferred Shares shall be approved for listing on the electronic
         bulletin board, over-the-counter market, AMEX, the NASDAQ National
         Market or The New York Stock Exchange, Inc.

                  c.       The representations and warranties of the Company
         shall be true and correct in all material respects (except to the
         extent that any of such representations and warranties is already
         qualified as to materiality in Section 3 above, in which case, such
         representations and warranties shall be true and correct without
         further qualification) as of the date when made and as of the Closing
         Date as though made at that time (except for representations and
         warranties that speak as of a specific date) and the Company shall have
         performed, satisfied and complied in all material respects with the
         covenants, agreements and conditions required by this Agreement to be
         performed, satisfied or complied with by the Company at or prior to the
         Closing Date. The Buyers shall have received a certificate, executed by
         the Chief Executive Officer of the Company, dated as of the Closing
         Date, to the foregoing effect and as to such other matters as may be
         reasonably requested by the Buyer including, without limitation an
         update as of the Closing Date regarding the representation contained in
         Section 3(c) above.

                  d.       The Buyers shall have received the opinion of the
         Company's counsel dated as of the Closing Date, in form, scope and
         substance reasonably satisfactory to the Buyer and in substantially the
         form of Exhibit "D" attached hereto.

                  e.       The Company shall have executed and delivered to the
         Buyers the Certificates (in such denominations as the Buyers shall
         request) for the Series A Preferred Shares being purchased by the
         Buyers at the Closing.

                  f.       The Board of Directors of the Company shall have
         adopted the resolutions in substantially the form of Exhibit "E"
         attached hereto.

                  g.       As of the Closing Date, the Company shall as of the
         Closing Date have reserved out of its authorized and unissued Common
         Stock, solely for the purpose of effecting the conversion of the Series
         A Preferred Shares, such number of shares of Common Stock equal to or
         greater than 100% of the number of shares of Common Stock for which are
         issuable upon conversion of all of the Series A Preferred Shares which
         could be issued at any time under this Agreement or the Series A
         Preferred Shares.

<PAGE>

                  h.       The Irrevocable Transfer Agent Instructions, in form
         and substance satisfactory to the Buyers, shall have been delivered to
         and acknowledged in writing by the Company's transfer agent.

         8.       INDEMNIFICATION.

                  a.       In consideration of the Buyers' execution and
         delivery of this Agreement and acquiring the Series A Preferred Shares,
         the Conversion Shares, the Warrants, and the Warrant Shares, hereunder
         and in addition to all of the Company's other obligations under this
         Agreement, the Company shall defend, protect, indemnify and hold
         harmless the Buyers and each other holder of the Series A Preferred
         Shares, the Conversion Shares, the Warrants, and the Warrant Shares,
         and all of their officers, directors, employees and agents (including,
         without limitation, those retained in connection with the transactions
         contemplated by this Agreement) (collectively, the "BUYER INDEMNITEES")
         from and against any and all actions, causes of action, suits, claims,
         losses, costs, penalties, fees, liabilities and damages, and expenses
         in connection therewith (irrespective of whether any such Indemnitee is
         a party to the action for which indemnification hereunder is sought),
         and including reasonable attorneys' fees and disbursements (the "BUYER
         INDEMNIFIED LIABILITIES"), incurred by any of the Buyer Indemnitees as
         a result of, or arising out of, or relating to (a) any
         misrepresentation or breach of any representation or warranty made by
         the Company in this Agreement, the Series A Preferred Shares or the
         Registration Rights Agreement or any other certificate, instrument or
         document contemplated hereby or thereby, (b) any breach of any
         covenant, agreement or obligation of the Company contained in this
         Agreement, the Articles of Amendment, or the Registration Rights
         Agreement or any other certificate, instrument or document contemplated
         hereby or thereby, or (c) any cause of action, suit or claim brought or
         made against such Buyer Indemnitee and arising out of or resulting from
         the execution, delivery, performance or enforcement of this Agreement
         or any other instrument, document or agreement executed pursuant hereto
         by any of the Buyer Indemnities, any transaction financed or to be
         financed in whole or in part, directly or indirectly, with the proceeds
         of the issuance of the Series A Preferred Shares or the status of the
         Buyers or holder of the Series A Preferred Shares, the Conversion
         Shares, the Warrants, and the Warrant Shares, as an investor in the
         Company. To the extent that the foregoing undertaking by the Company
         may be unenforceable for any reason, the Company shall make the maximum
         contribution to the payment and satisfaction of each of the Buyer
         Indemnified Liabilities which is permissible under applicable law.

                  b.       In consideration of the Company's execution and
         delivery of this Agreement and selling the Series A Preferred Shares,
         the Conversion Shares, the Warrants, and the Warrant Shares, hereunder
         and in addition to all of the Buyer's other obligations under this
         Agreement, each Buyer shall defend, protect, indemnify and hold
         harmless the Company and all of its officers, directors, employees and
         agents (including, without limitation, those retained in connection
         with the transactions contemplated by this Agreement) (collectively,
         the "COMPANY INDEMNITEES") from and against any and all actions, causes
         of action, suits, claims, losses, costs, penalties, fees, liabilities
         and damages, and expenses in connection therewith (irrespective of
         whether any such Company Indemnitee is a party to the action for which
         indemnification hereunder is sought), and including reasonable
         attorneys' fees and disbursements (the "COMPANY INDEMNIFIED
         LIABILITIES"), incurred by the Company Indemnitees or any of them as a
         result of, or arising out of, or relating to (a) any misrepresentation
         or breach of any representation or warranty made by such Buyer in this
         Agreement, the Series A Preferred Shares or the Registration Rights
         Agreement or any other certificate, instrument or document contemplated
         hereby or thereby, (b) any breach of any covenant, agreement or
         obligation of such Buyer contained in this Agreement, or the
         Registration Rights Agreement or any other certificate, instrument or
         document contemplated hereby or thereby, or (c) any cause of action,
         suit or

<PAGE>

         claim brought or made against such Company Indemnitee and arising out
         of or resulting from the execution, delivery, performance or
         enforcement of this Agreement or any other instrument, document or
         agreement executed pursuant hereto by any of the Company Indemnitees,
         any transaction financed or to be financed in whole or in part,
         directly or indirectly, with the proceeds of the issuance of the Series
         A Preferred Shares or the status of the Company as an issuer of the
         Series A Preferred Shares, the Conversion Shares, the Warrants, and the
         Warrant Shares. To the extent that the foregoing undertaking by a Buyer
         may be unenforceable for any reason, such Buyer shall make the maximum
         contribution to the payment and satisfaction of each of the Company
         Indemnified Liabilities, which is permissible under applicable law.
         Notwithstanding the foregoing, in no event shall the Company
         Indemnified Liabilities exceed the net proceeds to such Buyer as a
         result of a sale of Conversion Shares pursuant to the Registration
         Statement.

         9.       GOVERNING LAW: MISCELLANEOUS.

                  a.       GOVERNING LAW. This Agreement shall be governed by
         and interpreted in accordance with the laws of the Georgia without
         regard to the principles of conflict of laws. Accordingly, upon such
         breach, Buyer, at its election and without limitation of its other
         remedies, shall be entitled to pursue a claim for specific performance
         of this Agreement, and Company hereby waives the right to assert any
         defense thereto that Purchaser has an adequate remedy at law. The
         parties further agree that any action between them shall be heard
         exclusively in the state or federal courts located in Fulton County,
         Georgia

                  b.       COUNTERPARTS. This Agreement may be executed in two
         or more identical counterparts, all of which shall be considered one
         and the same agreement and shall become effective when counterparts
         have been signed by each party and delivered to the other party. In the
         event any signature page is delivered by facsimile transmission, the
         party using such means of delivery shall cause four (4) additional
         original executed signature pages to be physically delivered to the
         other party within five (5) days of the execution and delivery hereof

                  c.       HEADINGS. The headings of this Agreement are for
         convenience of reference and shall not form part of, or affect the
         interpretation of, this Agreement.

                  d.       SEVERABILITY. If any provision of this Agreement
         shall be invalid or unenforceable in any jurisdiction, such invalidity
         or unenforceability shall not affect the validity or enforceability of
         the remainder of this Agreement in that jurisdiction or the validity or
         enforceability of any provision of this Agreement in any other
         jurisdiction.

                  e.       ENTIRE AGREEMENT, AMENDMENTS. This Agreement
         supersedes all other prior oral or written agreements between the
         Buyers, the Company, their affiliates and persons acting on their
         behalf with respect to the matters discussed herein, and this Agreement
         and the instruments referenced herein contain the entire understanding
         of the parties with respect to the matters covered herein and therein
         and, except as specifically set forth herein or therein, neither the
         Company nor any Buyer makes any representation, warranty, covenant or
         undertaking with respect to such matters. No provision of this
         Agreement may be waived or amended other than by an instrument in
         writing signed by the party to be charged with enforcement.

                  f.       NOTICES. Any notices, consents, waivers, or other
         communications required or permitted to be given under the terms of
         this Agreement must be in writing and will be deemed to have been
         delivered (i) upon receipt, when delivered personally; (ii) upon
         receipt, when sent by facsimile, provided a copy is mailed by U.S.
         certified mail, return receipt requested; (iii) three (3) days after
         being sent by U.S. certified mail, return receipt requested, or (iv)
         one (1) day after deposit with a nationally recognized overnight
         delivery service, in each case properly addressed to the party to

<PAGE>

         receive the same. The addresses and facsimile numbers for such
         communications shall be:

         If to the Company:

                  2-Infinity.com, Inc.
                  4828 Loop Central Drive, Suite 150
                  Houston, Texas  77081
                  Attention:  Majed M. Jalali

                  Telephone Number:  (713) 838-8853
                  Facsimile Number:  (713) 838-8741

         If to the Transfer Agent:

                  Securities Transfer Corporation
                  P.O. Box 701629
                  Dallas, Texas  75370-1629
                  Attn: __________________________

                  Telephone:        (____) ___________________
                  Facsimile:        (____) ___________________

         If to a Buyer, to its address and facsimile number on the Schedule of
         Buyers, with copies to the Buyer's counsel as set forth on the Schedule
         of Buyers. Each party shall provide five (5) days' prior written notice
         to the other party of any change in address or facsimile number.

                  g.       SUCCESSORS AND ASSIGNS. This Agreement shall be
         binding upon and inure to the benefit of the parties and their
         respective successors and assigns. The Company shall not assign this
         Agreement or any rights or obligations hereunder without the prior
         written consent of the Buyers. The Buyers may assign its rights
         hereunder without the consent of the Company, provided, however, that
         any such assignment shall not release the Buyers from their obligations
         hereunder unless such obligations are assumed by such assignee and the
         Company has consented to such assignment and assumption.

                  h.       NO THIRD PARTY BENEFICIARIES. This Agreement is
         intended for the benefit of the parties hereto and their respective
         permitted successors and assigns, and is not for the benefit of, nor
         may any provision hereof be enforced by, any other person.

                  i.       SURVIVAL. Unless this Agreement is terminated under
         Section 9(l), the representations and warranties of the Company and the
         Buyer contained in Sections 2 and 3, the agreements and covenants set
         forth in Sections 4, 5 and 9, the indemnification provisions set forth
         in Section 8, shall survive the Closing. The Buyers shall be
         responsible only for their own representations, warranties, agreements
         and covenants hereunder.

                  j.       PUBLICITY. The Company and the Buyers shall have the
         right to approve before issuance any press releases or any other public
         statements with respect to the transactions contemplated hereby;
         provided, however, that the Company shall be entitled, without the
         prior approval of the Buyers, to make any press release or other public
         disclosure with respect to such transactions as is required by
         applicable law and regulations (although the Buyers shall be consulted
         by the Company in connection with any such press release or other
         public disclosure prior to its release and shall be provided with a
         copy thereof).

<PAGE>

                  k.       FURTHER ASSURANCES. Each party shall do and perform,
         or cause to be done and performed, all such further acts and things,
         and shall execute and deliver all such other agreements, certificates,
         instruments and documents, as the other party may reasonably request in
         order to carry out the intent and accomplish the purposes of this
         Agreement and the consummation of the transactions contemplated hereby.

                  1.       TERMINATION. In the event that the Closing shall not
         have occurred with respect to the Buyers on or before five (5) business
         days from the date hereof due to the Company's or the Buyers' failure
         to satisfy the conditions set forth in Sections 6 and 7 above (and the
         nonbreaching party's failure to waive such unsatisfied condition(s)),
         the nonbreaching party shall have the option to terminate this
         Agreement with respect to such breaching party at the close of business
         on such date without liability of any party to any other party-
         provided, however, that if this Agreement is terminated pursuant to
         this Section 9(l), the Company shall remain obligated to reimburse the
         Buyer for the expenses described in Section 4(h) above.

                  m.       FINDER. The Company acknowledges that it has engaged
         J.P. Carey Securities, Inc. as a placement agent in connection with the
         sale of the Series A Preferred Shares. The Company shall be responsible
         for the payment of any placement agent fees (which includes cash to
         purchase Common Stock) relating to or arising out of the transactions
         contemplated hereby.

                  n.       NO STRICT CONSTRUCTION. The language used in this
         Agreement will be deemed to be the language chosen by the parties to
         express their mutual intent, and no rules of strict construction will
         be applied against any party.

         IN WITNESS WHEREOF, the Buyer and the Company have caused this
Securities Purchase Agreement to be duly executed as of the date first written
above.

                              "COMPANY"
                              2-INFINITY.COM, INC.

                              By:   /s/ Majed M. Jalali
                                 ----------------------
                              Name:  Majed M. Jalali
                              Its:      Chairman of the Board, Chief Executive
                                        Officer and President

                              "BUYER"
                              CACHE CAPITAL "USA" LP

                              By:    /s/ Joseph C. Canouse
                                 -------------------------
                              Name: Joseph C. Canouse
                              Its: Investment Manager

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