Document:

THIS NOTE AND THE COMMON SHARES  ISSUABLE UPON  CONVERSION OF
         THIS NOTE HAVE NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT
         OF 1933, AS AMENDED,  OR APPLICABLE  STATE  SECURITIES  LAWS.
         THIS NOTE AND THE COMMON SHARES  ISSUABLE UPON  CONVERSION OF
         THIS  NOTE MAY NOT BE SOLD,  OFFERED  FOR  SALE,  PLEDGED  OR
         HYPOTHECATED  IN THE  ABSENCE  OF AN  EFFECTIVE  REGISTRATION
         STATEMENT AS TO THIS NOTE UNDER SAID ACT AND APPLICABLE STATE
         SECURITIES   LAWS  OR  AN  OPINION   OF  COUNSEL   REASONABLY
         SATISFACTORY   TO   COMMERCIAL   CONCEPTS,   INC.  THAT  SUCH
         REGISTRATION IS NOT REQUIRED.

                                CONVERTIBLE NOTE

         FOR VALUE  RECEIVED,  COMMERCIAL  CONCEPTS,  INC.,  a Utah  corporation
(hereinafter called "Borrower"),  hereby promises to pay to KESHET L.P., Ragnall
House, 18 Peel Road,  Douglas,  Isle of Man, 1M1 4L2,  United Kingdom,  Fax No.:
011-972-36120639 (the "Holder") or order, without demand, the sum of Forty-Seven
Thousand Five Hundred Dollars ($47,500.00), with simple interest accruing at the
annual rate of 6%, on July 20, 2003 (the "Maturity Date").

         The following terms shall apply to this Note:

                                    ARTICLE I

                           DEFAULT RELATED PROVISIONS

         1.1 Payment Grace Period.  The Borrower shall have a ten (10) day grace
period to pay any monetary  amounts due and payable under this Note, after which
grace period a default interest rate of 15% per annum shall apply to the amounts
owed hereunder.

         1.2  Conversion  Privileges.  The  Conversion  Privileges  set forth in
Article  II shall  remain in full  force and  effect  immediately  from the date
hereof and until the Note is paid in full.

         1.3  Interest  Rate.  Subject to the  Holder's  right to  convert,  the
interest  payable on this Note shall  accrue at the annual  rate of six  percent
(6%) and be payable  annually  commencing  July 31, 2001 (or more  frequently as
provided  below) and on the Maturity Date,  accelerated  or otherwise,  when the
principal and remaining accrued but unpaid interest shall be due and payable.

                                   ARTICLE II

                                CONVERSION RIGHTS

         The Holder  shall have the right to convert  the  principal  amount and
interest due under this Note into Shares of the  Borrower's  Common Stock as set
forth below.

         2.1. Conversion into the Borrower's Common Stock.

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<PAGE>

         (a) The Holder shall have the right from and after the issuance of this
Note  and  then at any time  until  this  Note is fully  paid,  to  convert  any
outstanding  and  unpaid  principal  portion  of this Note of $25,000 or greater
amount,  or any lesser amount  representing  the full remaining  outstanding and
unpaid principal portion and at the Holder's election,  and the interest accrued
on the  Note,  (the  date  of  giving  of  such  notice  of  conversion  being a
"Conversion  Date") into fully paid and nonassessable  shares of common stock of
Borrower  as such stock  exists on the date of  issuance  of this  Note,  or any
shares of capital  stock of Borrower  into which such stock shall  hereafter  be
changed or reclassified  (the "Common Stock") at the conversion price as defined
in Section  2.1(b)  hereof  (the  "Conversion  Price"),  determined  as provided
herein.  Upon  delivery to the Company of a Notice of Conversion as described in
Section 9 of the  subscription  agreement  entered  into between the Company and
Holder  relating to this Note (the  "Subscription  Agreement")  of the  Holder's
written request for  conversion,  Borrower shall issue and deliver to the Holder
within  five  business  days from the  Conversion  Date that number of shares of
Common  Stock for the  portion  of the Note  converted  in  accordance  with the
foregoing.  At the election of the Holder,  the Company will deliver accrued but
unpaid  interest on the Note through the Conversion  Date directly to the Holder
on or before the Delivery  Date as defined in the  Subscription  Agreement.  The
number of shares of Common Stock to be issued upon each  conversion of this Note
shall be  determined by dividing that portion of the principal on the Note to be
converted, by the Conversion Price.

         (b) Subject to adjustment  as provided in Section  2.1(c)  hereof,  the
Conversion  Price per share shall be the lesser of: (i) eighty (80%)  percent of
the  average of the three  lowest  closing  bid  prices for the Common  Stock as
reported by  Bloomberg  Financial  for the  Principal  Market (as defined in the
Subscription  Agreement),  or on any  securities  exchange  or other  securities
market on which the Common  Stock is then being  listed or traded for the thirty
(30) trading  days prior to but not  including  the date of this Note  ("Maximum
Base  Price"),  or (ii)  seventy-six  (76%) of the  average of the three  lowest
closing bid prices for the Common Stock as reported by Bloomberg  Financial  for
the Principal Market,  or on any securities  exchange or other securities market
on which the  Common  Stock is then being  listed or traded,  for the sixty (60)
trading days prior to the Conversion Date.

         (c) The  Conversion  Price  described  in Section  2.1(b)(i)  above and
number  and kind of shares or other  securities  to be  issued  upon  conversion
determined pursuant to Section 2.1(a) and 2.1(b), shall be subject to adjustment
from time to time upon the  happening of certain  events  while this  conversion
right remains outstanding, as follows:

                  A.  Merger,  Sale of Assets,  etc. If the Borrower at any time
shall  consolidate with or merge into or sell or convey all or substantially all
its  assets to any other  corporation,  this Note,  as to the  unpaid  principal
portion  thereof and accrued  interest  thereon,  shall  thereafter be deemed to
evidence  the  right  to  purchase  such  number  and  kind of  shares  or other
securities and property as would have been issuable or  distributable on account
of such consolidation,  merger, sale or conveyance,  upon or with respect to the
securities subject to the conversion or purchase right immediately prior to such
consolidation,  merger,  sale  or  conveyance.  The  foregoing  provision  shall
similarly  apply to  successive  transactions  of a  similar  nature by any such
successor or purchaser.  Without  limiting the generality of the foregoing,  the
anti-dilution  provisions of this Section shall apply to such securities of such
successor or purchaser after any such consolidation, merger, sale or conveyance.

                  B.  Reclassification,  etc. If the Borrower at any time shall,
by  reclassification  or  otherwise,  change the Common Stock into the same or a
different  number of  securities  of any class or classes,  this Note, as to the
unpaid principal portion thereof and accrued interest thereon,  shall thereafter
be deemed to evidence the right to purchase  such number and kind of  securities
as would have been  issuable as

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<PAGE>

the result of such change with respect to the Common Stock  immediately prior to
such reclassification or other change.

                  C. Stock Splits,  Combinations and Dividends. If the shares of
Common  Stock are  subdivided  or combined  into a greater or smaller  number of
shares of Common  Stock,  or if a dividend is paid on the Common Stock in shares
of Common Stock, the Conversion Price shall be  proportionately  reduced in case
of subdivision of shares or stock dividend or  proportionately  increased in the
case of  combination  of shares,  in each such case by the ratio which the total
number of shares of Common Stock outstanding  immediately after such event bears
to the total number of shares of Common Stock  outstanding  immediately prior to
such event.

                  D. Share Issuance.  Subject to the provisions of this Section,
if the  Borrower at any time shall issue any shares of Common Stock prior to the
conversion of the entire  principal  amount of the Note  otherwise  than as: (i)
provided in Sections 2.1(c)A, 2.1(c)B or 2.1(c)C or this subparagraph D; or (ii)
pursuant to options, warrants, or other obligations to issue shares, outstanding
on the date hereof as described in the Reports and Other Written Information, as
such  terms are  defined  in the  Subscription  Agreement  (which  agreement  is
incorporated  herein by this  reference);  [(i), and (ii) above, are hereinafter
referred to as the "Existing Option  Obligations"] for a consideration less than
the Maximum Base Price that would be in effect at the time of such issue,  then,
and thereafter  successively  upon each such issue, the Maximum Base Price shall
be reduced as  follows:  (i) the  number of shares of Common  Stock  outstanding
immediately prior to such issue shall be multiplied by the Maximum Base Price in
effect at the time of such issue and the product shall be added to the aggregate
consideration,  if any,  received by the Borrower  upon such issue of additional
shares of Common  Stock;  and (ii) the sum so  obtained  shall be divided by the
number of shares of Common Stock  outstanding  immediately after such issue. The
resulting  quotient  shall be the  adjusted  conversion  price.  Except  for the
Existing  Option  Obligations,  the  issuance of any  security  of the  Borrower
carrying  the right to convert such  security  into shares of Common Stock or of
any  warrant,  right or option  to  purchase  Common  Stock  shall  result in an
adjustment to the Maximum Base Price upon the issuance of shares of Common Stock
upon exercise of such conversion or purchase rights.

         (d) During  the  period the  conversion  right  exists,  Borrower  will
reserve from its  authorized  and unissued  Common Stock a sufficient  number of
shares to provide for the issuance of Common Stock upon the full  conversion  of
this Note. Borrower represents that upon issuance,  such shares will be duly and
validly issued, fully paid and non-assessable. Borrower agrees that its issuance
of this Note shall  constitute  full  authority  to its  officers,  agents,  and
transfer  agents who are charged  with the duty of executing  and issuing  stock
certificates  to  execute  and issue the  necessary  certificates  for shares of
Common Stock upon the conversion of this Note.

         2.2 Method of  Conversion.  This Note may be converted by the Holder in
whole or in part as  described  in Section  2.1(a)  hereof and the  Subscription
Agreement.  Upon partial conversion of this Note, a new Note containing the same
date and  provisions  of this Note shall be issued by the Borrower to the Holder
for the  principal  balance of this Note and interest  which shall not have been
converted or paid.

                                   ARTICLE III

                                EVENT OF DEFAULT

         The  occurrence  of any of the following  events of default  ("Event of
Default") shall, at the option of the Holder hereof,  make all sums of principal
and  interest  then  remaining  unpaid  hereon  and all  other

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<PAGE>

amounts  payable  hereunder  immediately  due and payable,  all without  demand,
presentment  or notice,  or grace  period,  all of which  hereby  are  expressly
waived, except as set forth below:

         3.1 Failure to Pay Principal or Interest. The Borrower fails to pay any
installment of principal or interest hereon when due and such failure  continues
for a period of ten (10) days.

         3.2 Breach of Covenant.  The Borrower breaches any material covenant or
other  term or  condition  of this Note and such  breach,  if  subject  to cure,
continues  for a period of seven (7) days after  written  notice to the Borrower
from the Holder.

         3.3   Breach  of   Representations   and   Warranties.   Any   material
representation  or warranty of the  Borrower  made herein,  in the  Subscription
Agreement  entered into by the Holder and Borrower in connection with this Note,
or in any agreement,  statement or certificate  given in writing pursuant hereto
or in connection therewith shall be false or misleading.

         3.4 Receiver or Trustee.  The Borrower shall make an assignment for the
benefit of creditors,  or apply for or consent to the  appointment of a receiver
or trustee for it or for a substantial part of its property or business; or such
a receiver or trustee shall otherwise be appointed.

         3.5 Judgments.  Any money judgment, writ or similar final process shall
be entered or filed against  Borrower or any of its property or other assets for
more than  $50,000,  and shall  remain  unvacated,  unbonded  and unstayed for a
period of forty-five (45) days.

         3.6 Bankruptcy. Bankruptcy,  insolvency,  reorganization or liquidation
proceedings  or other  proceedings or relief under any bankruptcy law or any law
for the relief of debtors shall be instituted by or against the Borrower.

         3.7 Delisting.  Delisting of the Common Stock from any Principal Market
or such  other  principal  exchange  on which the  Common  Stock is  listed  for
trading,  Borrower's  failure to comply  with the  conditions  for  listing on a
Principal Market on which the Common Stock is listed or traded,  or notification
from such  Principal  Market  that the  Borrower is not in  compliance  with the
conditions for such continued listing on the Principal Market.

         3.8 Concession. A concession by the Borrower or a default under any one
or more obligations in an aggregate monetary amount in excess of $50,000.

         3.9 Stop Trade. An SEC stop trade order or NASDAQ trading suspension.

         3.10 Failure to Deliver  Common Stock or Replacement  Note.  Borrower's
failure to timely deliver Common Stock to the Holder pursuant to and in the form
required  by this  Note  and  Section  9 of the  Subscription  Agreement,  or if
required a replacement Note.

         3.11 Registration  Default. The occurrence of a Non-Registration  Event
as described in Section 10.4 of the Subscription Agreement.

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<PAGE>

                                   ARTICLE IV

                                  MISCELLANEOUS

         4.1 Failure or Indulgence  Not Waiver.  No failure or delay on the part
of Holder  hereof in the  exercise of any power,  right or  privilege  hereunder
shall operate as a waiver thereof,  nor shall any single or partial  exercise of
any such power, right or privilege preclude other or further exercise thereof or
of any other  right,  power or  privilege.  All  rights  and  remedies  existing
hereunder  are  cumulative  to, and not  exclusive  of,  any rights or  remedies
otherwise available.

         4.2 Notices.  Any notice herein required or permitted to be given shall
be in writing and may be  personally  served or sent by fax  transmission  (with
copy sent by regular, certified or registered mail or by overnight courier). For
the purposes hereof, the address and fax number of the Holder is as set forth on
the first page  hereof.  The  address  and fax number of the  Borrower  shall be
Commercial  Concepts,  Inc., 324 South 400 West,  Suite B, Salt Lake City,  Utah
84101,  telecopier number:  (801) 328-0542.  Both Holder and Borrower may change
the  address  and fax  number  for  service by service of notice to the other as
herein  provided.  Notice of  Conversion  shall be deemed given when made to the
Company pursuant to the Subscription Agreement.

         4.3 Amendment Provision.  The term "Note" and all reference thereto, as
used  throughout  this  instrument,  shall mean this  instrument  as  originally
executed,  or  if  later  amended  or  supplemented,   then  as  so  amended  or
supplemented.

         4.4 Assignability. This Note shall be binding upon the Borrower and its
successors  and  assigns,  and shall  inure to the benefit of the Holder and its
successors and assigns, and may be assigned by the Holder.

         4.5 Cost of Collection. If default is made in the payment of this Note,
Borrower shall pay the Holder hereof  reasonable costs of collection,  including
reasonable attorneys' fees.

         4.6  Governing  Law.  This Note shall be governed by and  construed  in
accordance  with the laws of the State of New York. Any action brought by either
party  against  the  other  concerning  the  transactions  contemplated  by this
Agreement  shall  be  brought  only in the  state  courts  of New York or in the
federal courts located in the state of New York. The Borrower, and, by accepting
this Note, the Holder and the individual signing this Agreement on behalf of the
Borrower  agree to submit to the  jurisdiction  of such courts.  The  prevailing
party  shall  be  entitled  to  recover  from the  other  party  its  reasonable
attorney's fees and costs.

         4.7  Maximum  Payments.  Nothing  contained  herein  shall be deemed to
establish  or require  the  payment of a rate of  interest  or other  charges in
excess of the maximum permitted by applicable law. In the event that the rate of
interest  required  to be paid or other  charges  hereunder  exceed the  maximum
permitted by such law, any payments in excess of such maximum  shall be credited
against  amounts  owed by the  Borrower  to the Holder and thus  refunded to the
Borrower.

         4.8  Prepayment.  This Note may not be paid prior to the Maturity  Date
without  the  consent  of the  Holder  except as set  forth in the  Subscription
Agreement.

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<PAGE>

         IN WITNESS  WHEREOF,  Borrower has caused this Note to be signed in its
name by its Chief Executive Officer on this 20th day of July, 2000.

                                               COMMERCIAL CONCEPTS, INC.

                                               By:/s/ George E. Richards, Jr.
                                                  ---------------------------

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<PAGE>

                              NOTICE OF CONVERSION

(To be executed by the Registered Holder in order to convert the Note)

         The  undersigned  hereby elects to convert  $_________ of the principal
and  $_________ of the interest due on the Note issued by  COMMERCIAL  CONCEPTS,
INC.  on  _______________,  2000  into  Shares  of  Common  Stock of  COMMERCIAL
CONCEPTS,  INC. (the  "Company")  according to the  conditions set forth in such
Note, as of the date written below.

Date of Conversion:____________________________________________________________

Conversion Price:______________________________________________________________

Shares To Be Delivered:________________________________________________________

Signature:_____________________________________________________________________

Print Name:____________________________________________________________________

Address:_______________________________________________________________________

                                       71

THIS WARRANT AND THE COMMON  SHARES  ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  OR APPLICABLE
STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE
OF THIS WARRANT MAY NOT BE SOLD,  OFFERED FOR SALE,  PLEDGED OR  HYPOTHECATED IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS WARRANT UNDER SAID
ACT AND APPLICABLE  STATE  SECURITIES  LAWS OR AN OPINION OF COUNSEL  REASONABLY
SATISFACTORY  TO  COMMERCIAL  CONCEPTS,  INC.  THAT  SUCH  REGISTRATION  IS  NOT
REQUIRED.

          Right to  Purchase  850,000  Shares  of  Common  Stock  of  Commercial
          Concepts, Inc. (subject to adjustment as provided herein)

                          COMMON STOCK PURCHASE WARRANT

No. 1                                                  Issue Date: July 20, 2000

         COMMERCIAL  CONCEPTS,  INC., a corporation  organized under the laws of
the State of Utah (the  "Company"),  hereby  certifies that, for value received,
TALIBYA B. INVESTMENTS LTD., or assigns,  is entitled,  subject to the terms set
forth  below,  to purchase  from the  Company  from and after the Issue Date set
forth  above and at any time or from time to time  before  5:00  p.m.,  New York
time,  through  five (5) years after such date (the  "Expiration  Date"),  up to
850,000  fully paid and  nonassessable  shares of Common  Stock (as  hereinafter
defined),  $.001 par value per share,  of the Company,  at a per share  purchase
price of the lesser of (i) $.4375, or (ii) an amount equal to the average of the
three  lowest  closing bid prices of the Common  Stock as reported by  Bloomberg
Financial for the  Principal  Market (as defined in the  Subscription  Agreement
hereinafter referred to) for the ten trading days immediately preceding the date
of the exercise of this  Warrant(such  purchase price per share as adjusted from
time to time as herein provided is referred to herein as the "Purchase  Price").
The number and  character of such shares of Common Stock and the Purchase  Price
are subject to adjustment as provided herein.

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

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

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

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

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<PAGE>

to Common  Stock,  or which at any time  shall be  issuable  or shall  have been
issued in exchange for or in  replacement  of Common  Stock or Other  Securities
pursuant to Section 4 or otherwise.

         1. Exercise of Warrant.

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

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

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

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

                           (a) If the  Company's  Common  Stock is  traded on an
exchange or is quoted on the National  Association of Securities  Dealers,  Inc.
Automated  Quotation  ("NASDAQ")  National  Market System or the NASDAQ SmallCap
Market, then the closing or last sale price, respectively, reported for the last
business day immediately preceding the Determination Date.

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

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

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

                                       2
<PAGE>

shares of Common Stock then  issuable  upon  exercise of all of the Warrants are
outstanding at the Determination Date.

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

                  1.6. Trustee for Warrant Holders.  In the event that a bank or
trust  company  shall  have been  appointed  as trustee  for the  holders of the
Warrants  pursuant to Subsection  3.2, such bank or trust company shall have all
the powers and duties of a warrant agent appointed as described below, and shall
accept,  in its own name for the account of the Company or such successor person
as may be entitled thereto, all amounts otherwise payable to the Company or such
successor,  as the case may be, on  exercise  of this  Warrant  pursuant to this
Section 1.

         2.1.  Delivery of Stock  Certificates,  etc. on  Exercise.  The Company
agrees that the shares of Common Stock  purchased  upon exercise of this Warrant
shall be deemed to be issued to the holder  hereof as the  record  owner of such
shares as of the close of business on the date on which this Warrant  shall have
been  surrendered  and  payment  made for such shares as  aforesaid.  As soon as
practicable  after the exercise of this  Warrant in full or in part,  and in any
event  within 10 days  thereafter,  the  Company at its expense  (including  the
payment by it of any applicable issue taxes) will cause to be issued in the name
of and delivered to the holder  hereof,  or as such holder (upon payment by such
holder  of  any  applicable  transfer  taxes)  may  direct  in  compliance  with
applicable Securities Laws, a certificate or certificates for the number of duly
and validly  issued,  fully paid and  nonassessable  shares of Common  Stock (or
Other Securities) to which such holder shall be entitled on such exercise, plus,
in lieu of any  fractional  share  to  which  such  holder  would  otherwise  be
entitled,  cash equal to such fraction  multiplied by the then Fair Market Value
of one full  share,  together  with any  other  stock  or other  securities  and
property  (including  cash,  where  applicable) to which such holder is entitled
upon such exercise pursuant to Section 1 or otherwise.

         2.2. Cashless Exercise.

                  (a) Payment may be made either in (i) cash or by  certified or
official  bank check or checks  payable to the order of the Company equal to the
applicable aggregate Purchase Price, (ii) by delivery of Warrants,  Common Stock
and/or Common Stock  receivable upon exercise of the Warrants in accordance with
Section (b) below, or (iii) by a combination of any of the foregoing methods for
the number of Common  Shares  specified  in such form (as such  exercise  number
shall be  adjusted to reflect any  adjustment  in the total  number of shares of
Common  Stock  issuable  to the  holder per the terms of this  Warrant)  and the
holder  shall  thereupon  be entitled to receive the number of duly  authorized,
validly issued,  fully-paid and non-assessable  shares of Common Stock (or Other
Securities) determined as provided herein.

                  (b) Notwithstanding any provisions herein to the contrary,  if
the Fair Market  Value of one share of Common Stock is greater than the Purchase
Price (at the date of  calculation  as set forth  below),  in lieu of exercising
this Warrant for cash the holder may elect to receive  shares equal to the value
(as determined  below) of this Warrant (or the portion thereof being  cancelled)
by  surrender of this Warrant at the  principal  office of the Company  together
with the properly  endorsed  Subscription  Form in which event the Company shall
issue to the  holder a number  of  shares of  Common  Stock  computed  using the
following formula:

                           X=Y (A-B)

                                       3
<PAGE>

                                     A

                  Where    X=       the  number  of shares of Common Stock to be
                                    issued to the holder

                           Y=       the   number  of  shares  of  Common   Stock
                                    purchasable  under the Warrant or, if only a
                                    portion of the  Warrant is being  exercised,
                                    the portion of the Warrant  being  exercised
                                    (at the date of such calculation)

                           A=       the Fair  Market Value  of one  share of the
                                    Company's Common  Stock (at the date of such
                                    calculation)

                           B=       Purchase Price  (as adjusted to  the date of
                                    such calculation)

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

                  3.1.  Reorganization,  Consolidation,  Merger, etc. In case at
any time or from time to time,  the Company  shall (a) effect a  reorganization,
(b)  consolidate  with or merge into any other  person,  or (c)  transfer all or
substantially all of its properties or assets to any other person under any plan
or arrangement  contemplating the dissolution of the Company, then, in each such
case,  as a condition  to the  consummation  of such a  transaction,  proper and
adequate  provision  shall be made by the  Company  whereby  the  holder of this
Warrant,  on the exercise  hereof as provided in Section 1 at any time after the
consummation of such  reorganization,  consolidation  or merger or the effective
date of such  dissolution,  as the case may be,  shall  receive,  in lieu of the
Common  Stock (or Other  Securities)  issuable  on such  exercise  prior to such
consummation or such effective date, the stock and other securities and property
(including  cash) to which  such  holder  would  have  been  entitled  upon such
consummation or in connection with such dissolution, as the case may be, if such
holder had so exercised this Warrant,  immediately prior thereto, all subject to
further adjustment thereafter as provided in Section 4.

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

                  3.3.   Continuation   of  Terms.   Upon  any   reorganization,
consolidation,  merger or transfer (and any dissolution  following any transfer)
referred to in this  Section 3, this  Warrant  shall  continue in full force and
effect and the terms hereof shall be applicable to the shares of stock and other
securities  and property  receivable  on the exercise of this Warrant  after the
consummation of such  reorganization,  consolidation  or merger or the effective
date of dissolution  following any such transfer,  as the case may be, and shall
be binding upon the issuer of any such stock or other securities,  including, in
the case of any such transfer,  the person acquiring all or substantially all of
the  properties or assets of the Company,  whether or not such person shall have
expressly  assumed  the terms of this  Warrant as  provided in Section 4. In the
event  this  Warrant  does not  continue  in full  force  and  effect  after the
consummation of the  transaction  described in this Section 3, then only in such
event  will  the  Company's  securities  and  property  (including  cash,  where
applicable)  receivable  by the  holders of the  Warrants  be  delivered  to the
Trustee as contemplated by Section 3.2.

                  3.4.  Share  Issuance.  If the Company at any time shall issue
any shares of Common Stock prior to the complete  exercise of this Warrant for a
consideration  less than the Purchase  Price that would be

                                       4
<PAGE>

in effect at the time of such issue, then, and thereafter successively upon each
such issue,  the Purchase  Price shall be reduced as follows:  (i) the number of
shares of Common  Stock  outstanding  immediately  prior to such issue  shall be
multiplied  by the  Purchase  Price in effect at the time of such  issue and the
product shall be added to the aggregate  consideration,  if any, received by the
Company upon such issue of additional  shares of Common Stock;  and (ii) the sum
so obtained shall be divided by the number of shares of Common Stock outstanding
immediately  after such issue.  The  resulting  quotient  shall be the  adjusted
Purchase Price. For purposes of this adjustment, the issuance of any security of
the Company  carrying the right to convert such  security  into shares of Common
Stock or of any warrant,  right or option to purchase  Common Stock shall result
in an  adjustment  to the  Purchase  Price upon the issuance of shares of Common
Stock upon exercise of such conversion or purchase rights.

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

         5.  Certificate  as to  Adjustments.  In each case of any adjustment or
readjustment in the shares of Common Stock (or Other Securities) issuable on the
exercise of the  Warrants,  the Company at its expense will  promptly  cause its
Chief Financial Officer or other appropriate designee to compute such adjustment
or  readjustment  in  accordance  with the terms of the  Warrant  and  prepare a
certificate  setting forth such adjustment or readjustment and showing in detail
the facts upon which such  adjustment  or  readjustment  is based,  including  a
statement of (a) the consideration received or receivable by the Company for any
additional shares of Common Stock (or Other Securities) issued or sold or deemed
to have been issued or sold,  (b) the number of shares of Common Stock (or Other
Securities) outstanding or deemed to be outstanding,  and (c) the Purchase Price
and the number of shares of Common  Stock to be received  upon  exercise of this
Warrant,  in effect  immediately prior to such adjustment or readjustment and as
adjusted or readjusted as provided in this Warrant.  The Company will  forthwith
mail a copy of each  such  certificate  to the  holder  of the  Warrant  and any
Warrant agent of the Company (appointed pursuant to Section 11 hereof).

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

         7.  Assignment;   Exchange  of  Warrant.  Subject  to  compliance  with
applicable  Securities laws, this Warrant,  and the rights evidenced hereby, may
be transferred by any registered holder hereof (a "Transferor")  with respect to
any or all of the Shares.  On the surrender  for exchange of this Warrant,  with
the  Transferor's  endorsement  in the form of  Exhibit B attached  hereto  (the
Transferor Endorsement Form") and

                                       5
<PAGE>

together  with evidence  reasonably  satisfactory  to the Company  demonstrating
compliance with applicable  Securities Laws, the Company at its expense but with
payment  by the  Transferor  of any  applicable  transfer  taxes  will issue and
deliver to or on the order of the  Transferor  thereof a new Warrant or Warrants
of like tenor, in the name of the Transferor and/or the transferee(s)  specified
in such  Transferor  Endorsement  Form  (each a  "Transferee"),  calling  in the
aggregate on the face or faces  thereof for the number of shares of Common Stock
called for on the face or faces of the Warrant so surrendered by the Transferor.

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

         9.  Registration  Rights.  The Holder of this  Warrant has been granted
certain  registration  rights by the Company.  These registration rights are set
forth in a Subscription Agreement entered into by the Company and Subscribers of
the Company's 6% Convertible Notes prior to the issue date of this Warrant.  The
terms of the Subscription  Agreement are incorporated  herein by this reference.
Upon the occurrence of a Non-Registration Event as described in the Subscription
Agreement,  in the  event the  Company  is unable  to issue  Common  Stock  upon
exercise of this Warrant that has been registered in the Registration  Statement
described in Section 10.1(iv) of the Subscription  Agreement,  then upon written
demand  made by the  Holder,  then the  Company  will pay to the  Holder of this
Warrant,  in lieu of  delivering  Common  Stock,  a sum equal to the closing ask
price of the Company's  Common Stock as reported by the NASD OTC Bulletin  Board
or such other  Principal  Market for the  Company's  Common Stock on the trading
date  immediately  preceding  the date notice is given by the  Holder,  less the
exercise  price of this  Warrant,  for each share of Common Stock  designated in
such notice from the Holder.

         10. Maximum Exercise.  The Holder shall not be entitled to exercise, on
an  exercise  date,  this  Warrant in  connection  with that number of shares of
Common  Stock which would be in excess of the sum of (i) the number of shares of
Common Stock  beneficially owned by the Holder and its affiliates on an exercise
date,  and (ii) the number of shares of Common Stock  issuable upon the exercise
of this Warrant with respect to which the determination of this proviso is being
made on an exercise  date,  which would  result in  beneficial  ownership by the
Holder and its affiliates of more than 9.99% of the outstanding shares of Common
Stock of the  Company  on such  date.  For the  purposes  of the  proviso to the
immediately  preceding  sentence,  beneficial  ownership  shall be determined in
accordance  with  Section  13(d) of the  Securities  Exchange  Act of  1934,  as
amended, and Regulation 13d-3 thereunder.  Subject to the foregoing,  the Holder
shall not be limited to aggregate  exercises  which would result in the issuance
of more than 9.99%.  The restriction  described in this paragraph may be revoked
upon 75 days  prior  notice  from the  Holder to the  Company.  The  Holder  may
allocate  which of the equity of the Company  deemed  beneficially  owned by the
Subscriber shall be included in the 9.99% amount described above and which shall
be allocated to the excess above 9.99%.

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

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

                                       6
<PAGE>

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

         14.  Miscellaneous.  This  Warrant  and any term hereof may be changed,
waived,  discharged or terminated only by an instrument in writing signed by the
party against which enforcement of such change, waiver, discharge or termination
is sought.  This Warrant shall be construed and enforced in accordance  with and
governed by the laws of New York. Any dispute  relating to this Warrant shall be
adjudicated in New York State.  The headings in this Warrant are for purposes of
reference only, and shall not limit or otherwise affect any of the terms hereof.
The  invalidity  or  unenforceability  of any  provision  hereof shall in no way
affect the validity or enforceability of any other provision.

         IN WITNESS WHEREOF, the Company has executed this Warrant under seal as
of the date first written above.

                                            COMMERCIAL CONCEPTS, INC.

                                            By:/s/ George E. Richards, Jr.
                                               ---------------------------

                                       7
<PAGE>

                                                                       Exhibit A

                              FORM OF SUBSCRIPTION

                   (To be signed only on exercise of Warrant)

TO: Commercial Concepts, Inc.

The  undersigned,  pursuant to the provisions set forth in the attached  Warrant
(No.____), hereby irrevocably elects to purchase (check applicable box):

___      ________ shares of the Common Stock covered by such Warrant; or

___      the maximum number of shares of Common Stock covered by such Warrant
         pursuant to the cashless exercise procedure set forth in Section 2.

The  undersigned  herewith  makes  payment of the full  purchase  price for such
shares  at  the  price  per  share  provided  for  in  such  Warrant,  which  is
$___________. Such payment takes the form of (check applicable box or boxes):

___      $__________ in lawful money of the United States; and/or

___ the  cancellation of such portion of the attached  Warrant as is exercisable
for a total of _______  shares of Common  Stock  (using a Fair  Market  Value of
$_______ per share for purposes of this calculation); and/or

___ the  cancellation  of such number of shares of Common Stock as is necessary,
in accordance  with the formula set forth in Section 2, to exercise this Warrant
with  respect  to the  maximum  number of shares  of Common  Stock  purchaseable
pursuant to the cashless exercise procedure set forth in Section 2.

The undersigned  requests that the certificates for such shares be issued in the
name of, and delivered to ____________________ whose address is

____________________________________
____________________________________
____________________________________.

The  undersigned  represents  and  warrants  that all  offers  and  sales by the
undersigned of the securities issuable upon exercise of the within Warrant shall
be made pursuant to registration of the Common Stock under the Securities Act of
1933,  as amended  (the  "Securities  Act") or  pursuant  to an  exemption  from
registration under the Securities Act.

Dated:___________________           ____________________________________________
                                    (Signature must conform to name of holder as
                                    specified on the face of the Warrant)

                                    ____________________________________________
                                                     (Address)

                                      A-1
<PAGE>

                                                                       Exhibit B

                         FORM OF TRANSFEROR ENDORSEMENT

                   (To be signed only on transfer of Warrant)

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

========================== ========================= ==========================
Transferees                Percentage                Number
                           Transferred               Transferred
-------------------------  ------------------------- --------------------------

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

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

========================== ========================= ==========================

Dated: ________________ , ______             ___________________________________
                                             (Signature must conform to name of
                                             holder as specified on the face of
                                             the warrant)

Signed in the presence of:

__________________________________           ___________________________________
         (Name)                                            (address)

ACCEPTED AND AGREED:
[TRANSFEREE]

__________________________________           ___________________________________
         (Name)                                            (address)

                                      B-1

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