Document:

<PAGE>
             SECOND AMENDMENT TO LOAN AGREEMENT

      THIS  SECOND AMENDMENT TO LOAN AGREEMENT (this "Second
Amendment")  is made as of the 31st day of March,  2001,  by
and  among UNI-MARTS, INC., a Delaware corporation, and UNI-
MARTS  OF  AMERICA, INC., a Delaware corporation  (together,
the  "Borrowers"), and THE PROVIDENT BANK, a bank  chartered
under the laws of the State of Ohio (the "Lender").

                         WITNESSETH:

      WHEREAS,  the Borrowers and the Lender have heretofore
entered into a certain Loan Agreement dated as of April  20,
2000  (the  "Loan Agreement"), pursuant to which the  Lender
has agreed to provide a $10,000,000 secured revolving credit
facility  to  the  Borrowers,  subject  to  the  terms   and
conditions set forth in the Loan Agreement; and

      WHEREAS,  the Borrowers had requested that the  Lender
increase  the  maximum  committed amount  of  the  revolving
credit  facility  on a permanent basis from  $10,000,000  to
$13,000,000  and  to amend the definition of  "Fixed  Charge
Coverage  Ratio" and the Lender did so under the terms,  and
subject  to the conditions set forth in the First Amendment,
dated January 16, 2001 (the "First Amendment").

      WHEREAS, the Borrowers have requested that the  Lender
amend  the  Loan  Agreement,  Article  VI,  Section  6.13(c)
Interest Coverage Ratio and the Lender is willing to  do  so
under the terms, and subject to the conditions, set forth in
the Second Amendment.

      NOW, THEREFORE, in consideration of the premises and of
the mutual covenants herein contained and with the intent to
be legally bound, the parties hereto agree as follows:

     1.   Recitals as Covenants.  The foregoing recitals are
          ---------------------
hereby incorporated in this Second Amendment as covenants.

     2.   Use of Terms.  Terms used herein and not otherwise
          ------------
defined are used herein as defined in the Loan Agreement.

     3.    Amended  and Restated Definitions.  The following
           ---------------------------------
definitions set forth in Article  VI,  Section 6.13(c) Interest
Coverage  Ratio  are hereby amended and restated in their entirety
as follows:
<PAGE>
              Fiscal Quarters     Minimum Interest
                  Ending           Coverage Ratio

           All fiscal quarters         2:05:1
           ending on or prior to
           September 30, 2001

           Quarters ending
           December 31, 2001           2:30:1
           through September 30,
           2002

           Quarters ending
           December 31, 2002           2:35:1
           through September 30,
           2003

      In  addition  to the foregoing, the following  defined
terms  are  hereby  added  to  Section  1.01  of  the   Loan
Agreement:

          "Second  Amendment" means the Second Amendment  to
          Loan Agreement dated  as  of March 31, 2001, among
          the  Borrowers and the Lender.

          "Second  Amendment Closing Date" means  April  24,
          2001, or such other date as the parties may agree.

      4.    Representations and Warranties.   The  Borrowers
            ------------------------------
hereby represent and warrant to the Lender that:

     (a)  The  Borrowers  have and  will  continue  to  have
corporate  power  and  authority  to  execute,  deliver  and
perform the provisions  of this  Second  Amendment  and  the
Loan  Agreement,  as  amended  hereby,  and  to  execute and
deliver the instruments required by  the  provisions of this
Second Amendment and the Loan Agreement,  as amended hereby,
to be executed and  delivered by the Borrowers; and all such
action has been duly and validly authorized by all necessary
corporate proceedings on the part of the Borrowers.

     (b)  The  execution,  delivery  and performance of this
Second  Amendment  and  the  Revolving  Credit Note will not
conflict with, constitute a  default  under or result in the
breach  of,  any  provisions of  the  Law or the Articles of
Incorporation  or  the  By-laws  of  the Borrowers or of any
agreement or other instrument to  which  each  Borrower is a
party or by which it is bound or to which it is subject.

     (c)  This  Second  Amendment has been duly and  validly

                               -2-
<PAGE>
executed and delivered  by  the  Borrowers,  and  this Second
Amendment constitutes legal, valid and binding obligations of
the Borrowers, enforceable against the Borrowers in accordance
with their respective terms.

     (d)  The representations and warranties by the Borrowers
contained  in Article III  of  the Loan Agreement are correct
and accurate in  all material  respects on and as of the date
of  this Second Amendment with the same effect as though made
on and  as  of the date of this Second Amendment.

     (e)  No  event has occurred and  is  continuing   which
constitutes an Event of Default or would constitute an Event
of  Default  but for the requirement that notice be given or
time elapse or both.

      5.      Conditions Precedent.  It shall be a condition
              --------------------
precedent to the effectiveness of this Second Amendment that
the Lender shall have  received,  on  or before  the  Second
Amendment  Closing Date,  each  of  the  following items, in
form and substance satisfactory to the Lender and its counsel:

          (i)  this Second Amendment, duly executed and delivered;

          (ii) a certificate of the Borrowers, addressed to the Lender
               and executed by the Chief Financial Officer or President of
               the Borrowers, certifying that all corporate actions
               necessary for the consummation of the obligations to be
               incurred under the Second Amendment have been taken;

          (iii)such other items, instruments, documents and certificates
               as to the transactions  contemplated  by  this   Second
               Amendment  and  the  Loan  Documents  as  the
               Lender may reasonably request.

     6.   Further Assurances.  The Borrowers, at their own cost
          ------------------
and expense, shall cause  to be promptly and duly taken, executed,
acknowledged and   delivered   all  such  further  acts,  documents
and assurances  as the Lender may from time to time  request  in
order  more effectively to carry out the intent and purposes
of  this  Second Amendment and the transactions contemplated
by  this  Second  Amendment including,  without  limitation,
amendments  to each or any of the Loan Documents  consistent
with  the  intent  and  purposes of this  Second  Amendment.
Promptly upon request by the Lender, the Borrowers agree  to
execute  and deliver and to file and record and  refile  and
record  such financing statements and amendments  and  other
assignments and other documents in such manner, at such time
or  times and in such place or places as may be required  by
any  Law or as  may be requested by the Lender in order more
effectively  to  carry out the intent and purposes  of  this
Second Agreement.

                               -3-
<PAGE>
     7.   Scope of this Second Amendment.  Except  as  amended
          ------------------------------
by  the  First and this  Second Amendment, the provisions of the
Loan Agreement shall  remain in full  force and effect.  The
Loan Agreement and  the  First  Amendment  and Second  Amendment
shall  be construed  as  complementing  each  other  and,  except
as specifically amended by the First and this Second Amendment,
augmenting and not restricting the Lender' rights,  and  the
Loan  Agreement  shall remain in full force  and  effect  in
accordance  with  its terms.  The Borrowers  hereby  ratify,
confirm  and  reaffirm,  without condition,  all  liens  and
security  interests granted to the Lender  pursuant  to  the
Loan  Agreement and the Loan Documents, and such  liens  and
security  interests  shall continue to  secure  the  Secured
Obligations.   Except  as expressly  provided  for  in  this
Second  Amendment, and the First Amendment, the  Lender  has
not  agreed  to any amendment or modification  to  the  Loan
Agreement  or any of the Loan Documents or to any  departure
by  the Borrowers from their due performance under the  Loan
Agreement  or under any of the Loan Documents.   The  rights
and  remedies  of  the Lender under the Loan  Agreement,  as
amended  by  this Second Amendment, and the  Loan  Documents
shall  survive  the execution and delivery  of  this  Second
Amendment  and  the  Lender  may exercise  such  rights  and
remedies  with respect to any such defaults at any time  and
from time to time.

     8.    Miscellaneous.   The following  provisions  shall
           -------------
apply  to  this  Second Amendment:

       (a)   References.    All   notices,   communications,
             ----------
agreements,  certificates, documents or other instruments
executed and delivered  after the  execution  and  delivery
of this Second  Amendment  may refer   to   the  Loan  Agreement
without  making  specific reference  to  this Second Amendment,
but  nevertheless  all such  references shall include this Second
Amendment  unless the context requires otherwise.

       (b)  Counterparts.   This  Second  Amendment  may  be
            ------------
executed  in  as  many  different  counterparts  as  may  be
convenient  to  the  parties  hereto,  each  of  which  when
executed  by the Borrowers and the Lender shall be  regarded
as  an  original and all such counterparts shall  constitute
but one Second Amendment.

     9.   Costs and Expenses.  The Borrowers will pay all costs
          ------------------
and expenses of the Lender  (including, without limitation, the
reasonable  fees and the disbursements of the Lender's counsel)
in connection with  the preparation, execution and delivery of this
Second Amendment.

     10.  Governing Law.   This Second Amendment  and the  rights
          -------------
and obligations hereunder  shall  be  construed  in  accordance  with
and governed by the laws of the Commonwealth of Pennsylvania.

     11.  Headings.  The headings of this Second Amendment are
          --------
for purposes of reference  only and shall not limit or otherwise
affect  the meaning thereof.

                  (SIGNATURE PAGE FOLLOWS)

                             -4-
<PAGE>
           IN  WITNESS WHEREOF, the parties, by  their  duly
authorized officers, have executed this Second Amendment  to
Loan Agreement as of the day and year first above written.

ATTEST:                           UNI-MARTS, INC.
/s/ Harry A. Martin               /s/ N. Gregory Petrick
------------------------------    ---------------------------
      Harry A. Martin                  N. Gregory Petrick
Name:-------------------------   Name:-----------------------
     Secretary                   Title: Executive Vice President and
                                        Chief Financial Officer
                                        ---------------------

ATTEST:                           UNI-MARTS OF AMERICA, INC.
/s/ Harry A. Martin               /s/ N. Gregory Petrick
------------------------------    ---------------------------
      Harry A. Martin                  N. Gregory Petrick
Name:-------------------------   Name:-----------------------
     Secretary                   Title: President
                                        ---------------------

                                 THE PROVIDENT BANK
                                    /s/ Ronald L. Tassone
                                 By:-------------------------
                                 Name:  Ronald L. Tassone
                                      -----------------------
                                 Title: Senior Vice President
                                       ----------------------

                               -5-EX 4.20

	

THE SECURITIES
REPRESENTED BY THIS CONVERTIBLE PROMISSORY NOTE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED, OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE
DEBTOR THAT SUCH REGISTRATION IS NOT REQUIRED. 

	$30,000.00 	San Francisco, California 
		
Effective Date: February 16, 2001 

	

CONVERTIBLE
PROMISSORY NOTE

     FOR
VALUE RECEIVED, the undersigned, BURST.COM, INC., a corporation organized under
the laws of Delaware (“Debtor”), promises to pay to DRAYSEC
FINANCE LIMITED (“Lender”), at San Francisco, California, or at
Windermere House, 404 East Bay Street, P.O. Box SS-5539, Nassau, Bahamas, the
aggregate sum of Thirty Thousand Dollars ($30,000.00) bearing simple
interest on the unpaid principal balance of this Note, from the date of this
Note until this Note is paid in full at 6.0% per year. Accrued interest shall be
computed on the basis of a 360-day year, based on the actual number of days
elapsed. All principal and accrued interest will be due and payable in a single
lump sum on the one year anniversary date of the Effective Date set forth above,
if not earlier converted to equity as set forth below. All payments shall be
made in lawful money of the United States, without offset, deduction, or
counterclaim of any kind. 

     All
sums remaining unpaid under this Note shall become immediately due and payable,
at Lender’s option, without notice, demand, or presentment, and regardless
of any prior forbearance, on the occurrence of any of the following events: 

			(a) 		Debtor’s
failure to make payment due under this Note at its maturity;

			(b) 		the
filing of a petition in bankruptcy by Debtor;

			(c) 		the
making of a general assignment for the benefit of creditors by Debtor; or

			(d) 		upon
Debtor’s receipt of no less than $5,000,000 in the aggregate in equity investment since
the Effective Date.

	

     No
delay or omission by Lender in exercising any right or remedy under this Note,
or any other agreement executed in connection with this Note, shall operate as a
waiver of the future exercise of that right or remedy or of any other rights or
remedies under this Note or any other agreement executed in connection with this
Note. All rights of Lender stated in this Note are cumulative and in addition to
all other rights provided by law, in equity, or in any agreement executed in
connection with this Note. 

     This
Note may be prepaid only with the consent of a majority in interest of the
holders of notes purchased pursuant to that Note Purchase Agreement (the
“Purchase Agreement”) dated for reference purposes only as of February
16, 2001 (the “Majority Holders”). After Debtor has given notice to
the Majority Holders of its election to make a prepayment, and the Majority
Holders have consented to such prepayment, the amount to be paid shall be due
and payable on the date stated in the notice, which date shall not be less than
ten (10) days after the date of the notice. Any partial prepayment shall be
credited first to accrued interest, then to principal. No prepayment shall
extend or postpone the due date of any subsequent payment. This Note is
convertible into equity of Debtor upon the occurrence of the following events
and upon the other terms and conditions set forth below. 

1 

	

     1.
Conversion Events and Terms.  

	 	     (i)
Unless payment on this Note has earlier been made, in the event of a “Change in Control”
(as defined below), all principal under this Note (and under all other Notes issued
pursuant to the Purchase Agreement) will convert at the option of the Majority Holders
into equity of Debtor immediately prior to the effective time of such Change in Control
into a new series of Preferred Stock to be identified as Series A-2001 Preferred Stock at
a per share conversion price of Five Dollars ($5.00) per share, which series shall
provide in a Certificate of Designation to be filed by Debtor with the Delaware Secretary
of State for a liquidation preference of $7.50 per share in preference to any other
equity of Debtor. The Certificate of Designation shall also provide that such Series
A-2001 Preferred Stock is redeemable by Debtor upon at least ten (10) days advance
written notice at a redemption price of $7.50 per share. The foregoing rights,
preferences and privileges set forth in the Certificate of Designation shall be amendable
only with the consent of holders of 51% or more of the then outstanding shares of Series
A-2001 Preferred Stock. Debtor shall provide at least twenty (20) days advance written
notice prior to a Change in Control and Lender shall notify Debtor of its election to
convert within ten (10) days after receipt of such notice. In addition, any principal or
interest outstanding on this Note may be offset by Lender against the purchase price of
an equity interest in Debtor or its successor in interest that Lender and Debtor may
arrange, independent of this conversion feature.

	 	     (ii)
Notwithstanding the Majority Holders’ conversion right set forth above, in lieu of
issuing the Series A-2001 Preferred Stock, Debtor shall have the right to redeem this
Note and all Notes issued pursuant to the Purchase Agreement (including all accrued
interest then owed) for an amount equal to the Liquidation Preference of the Series
A-2001 Preferred Stock to be issued upon conversion.

	 	     (iii)
“Change in Control” for purposes of this Note means a consolidation or merger in which
the stockholders of Debtor prior to such merger or consolidation will own less than 50%
of the voting power of the surviving entity immediately following such merger or
consolidation, or the sale of substantially all of the assets of Debtor.

	

     2.
Conversion Procedure. Before Lender shall be entitled to
receive a certificate for shares of Debtor’s equity or receive the proceeds
from a redemption of this Note, Lender shall surrender this Note, duly endorsed,
at the principal office of Debtor. At its expense, Debtor shall, as soon as
practicable thereafter, issue and deliver to Lender at such principal office a
certificate or certificates for the number of shares of such Debtor’s
equity to which Lender shall be entitled upon such conversion (bearing such
restrictive legends as are required by the terms of the Purchase Agreement and
applicable state and federal securities law in the opinion of counsel to Debtor)
or the redemption cash proceeds, as the case may be. In the event of any
conversion of this Note pursuant to subsection 1 above, such conversion shall be
deemed to have been made immediately prior to the Change in Control. 

     3.
Mechanics and Effect of Conversion. No fractional shares shall be
issued upon conversion of this Note. In lieu of Debtor issuing any fractional
shares to Lender upon the conversion of this Note, Debtor shall pay to Lender
the amount of outstanding principal that is not so converted, such payment to be
in cash as provided below. Upon conversion of this Note and/or payment of all
principal and accrued interest, Debtor shall be forever released from all its
obligations and liabilities under this Note. 

     4.
Market Stand-off. In connection with any underwritten public
registration of Debtor’s securities, Lender agrees, upon the request of
Debtor or the underwriter(s) managing such underwritten offering of the
Debtor’s securities, not to sell, make any short sale of, loan, grant any
option for the purchase of, or otherwise dispose of any securities of Debtor
heretofore or hereafter acquired by Lender (other than those included in the
registration) without the prior written consent of the Debtor and such
underwriter(s), as the case may be, for a period of time, not to exceed one
hundred and eighty (180) days after the effective date of such registration (the
“Lock-up Period”). Upon request by the Debtor, Lender shall enter into
any further agreement in writing in a form reasonably satisfactory to Debtor and
such underwriter(s) to effectuate this lock-up. Debtor may impose stop-transfer
instructions with respect to the securities subject to the foregoing
restrictions until the end of the Lock-up Period. 

2 

	

     5.
Legend. Each certificate or instrument evidencing
securities which Lender may purchase hereunder and any other securities issued
upon any stock split, stock dividend, recapitalization, merger, consolidation or
similar event (unless no longer required in the opinion of the counsel for this
Debtor) shall be imprinted with legends substantially in the following form: 

	 	
THE
SECURITIES TO WHICH THIS INSTRUMENT RELATES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (“SECURITIES ACT”), OR UNDER ANY STATE SECURITIES LAWS (“BLUE SKY
LAWS”), AND MAY NOT BE OFFERED OR SOLD WITHOUT REGISTRATION UNDER THE SECURITIES ACT, AND
AS REQUIRED BY BLUE SKY LAWS IN EFFECT AS TO SUCH TRANSFER, UNLESS THIS CORPORATION HAS
RECEIVED AN OPINION FROM COUNSEL, SATISFACTORY TO THIS CORPORATION AND ITS COUNSEL, THAT
SUCH REGISTRATION IS NOT REQUIRED.

	 	
THE
SECURITIES REPRESENTED BY THIS INSTRUMENT ARE SUBJECT TO A “LOCK-UP” PROVISION
RESTRICTING THE TRANSFER OF THE SECURITIES IN CONNECTION WITH AN UNDERWRITTEN PUBLIC
OFFERING AS SET FORTH IN THAT CERTAIN CONVERTIBLE PROMISSORY NOTE DATED EFFECTIVE
FEBRUARY 16, 2001 BY AND BETWEEN THE ORIGINAL HOLDER HEREOF AND THIS CORPORATION.

	

     Debtor
shall be entitled to enter stop transfer notices on its transfer books with
respect to such securities. 

     6.
Attorneys Fees. If any action is instituted on this Note, the
successful or prevailing party or parties shall be entitled to recover
reasonable attorneys’ fees and other costs incurred in that action or
proceeding, in addition to any other relief to which the party or parties may be
entitled. Diligence, demand, presentment, notice of dishonor, and protest are
waived by Debtor, and any and all makers, sureties, guarantors, and endorsers of
this Note, and their successors and assigns. Time is of the essence for every
obligation under this Note. This Note shall not be transferable or assignable in
any manner, except to affiliates of Lender, and no interest shall be pledged or
otherwise encumbered by Lender without the express written consent of Debtor,
and any such attempted disposition of this Note or any portion hereof shall be
of no force or effect. 

     This
Note shall be construed under the laws of the State of California, as such laws
are applied to contracts entered into and performed entirely within that state
by residents thereof. 

     IN
WITNESS WHEREOF, Debtor has executed and delivered this Note as of the day
and year and at the place first above written. 

		BURST.COM, INC.

By:
       ————————————————————

Richard Lang, Chairman and Chief Executive Officer 

		DRAYSEC FINANCE LIMITED

Accepted by:
                         ——————————————
——

Print Name:
                         ——————————————
—— 

	

3 

	

THE SECURITIES
REPRESENTED BY THIS CONVERTIBLE PROMISSORY NOTE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED, OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE
DEBTOR THAT SUCH REGISTRATION IS NOT REQUIRED. 

	$70,000.00 	San Francisco, California 
		
Effective Date: February 16, 2001 

	

CONVERTIBLE
PROMISSORY NOTE

     FOR
VALUE RECEIVED, the undersigned, BURST.COM, INC., a corporation organized under
the laws of Delaware (“Debtor”), promises to pay to DRAYSEC
FINANCE LIMITED (“Lender”), at San Francisco, California, or at
Windermere House, 404 East Bay Street, P.O. Box SS-5539, Nassau, Bahamas, the
aggregate sum of Seventy Thousand Dollars ($70,000.00) bearing simple
interest on the unpaid principal balance of this Note, from the date of this
Note until this Note is paid in full at 6.0% per year. Accrued interest shall be
computed on the basis of a 360-day year, based on the actual number of days
elapsed. All principal and accrued interest will be due and payable in a single
lump sum on the one year anniversary date of the Effective Date set forth above,
if not earlier converted to equity as set forth below. All payments shall be
made in lawful money of the United States, without offset, deduction, or
counterclaim of any kind. 

     All
sums remaining unpaid under this Note shall become immediately due and payable,
at Lender’s option, without notice, demand, or presentment, and regardless
of any prior forbearance, on the occurrence of any of the following events: 

					

			(a) 		Debtor’s
failure to make payment due under this Note at its maturity;

			(b) 		the
filing of a petition in bankruptcy by Debtor;

			(c) 		the
making of a general assignment for the benefit of creditors by Debtor; or

			(d) 		upon
Debtor’s receipt of no less than $5,000,000 in the aggregate in equity investment since
the Effective Date.

	

     No
delay or omission by Lender in exercising any right or remedy under this Note,
or any other agreement executed in connection with this Note, shall operate as a
waiver of the future exercise of that right or remedy or of any other rights or
remedies under this Note or any other agreement executed in connection with this
Note. All rights of Lender stated in this Note are cumulative and in addition to
all other rights provided by law, in equity, or in any agreement executed in
connection with this Note. 

     This
Note may be prepaid only with the consent of a majority in interest of the
holders of notes purchased pursuant to that Note Purchase Agreement (the
“Purchase Agreement”) dated for reference purposes only as of February
16, 2001 (the “Majority Holders”). After Debtor has given notice to
the Majority Holders of its election to make a prepayment, and the Majority
Holders have consented to such prepayment, the amount to be paid shall be due
and payable on the date stated in the notice, which date shall not be less than
ten (10) days after the date of the notice. Any partial prepayment shall be
credited first to accrued interest, then to principal. No prepayment shall
extend or postpone the due date of any subsequent payment. This Note is
convertible into equity of Debtor upon the occurrence of the following events
and upon the other terms and conditions set forth below. 

1 

	

     1.
Conversion Events and Terms.  

	 	     (i)
Unless payment on this Note has earlier been made, in the event of a “Change in Control”
(as defined below), all principal under this Note (and under all other Notes issued
pursuant to the Purchase Agreement) will convert at the option of the Majority Holders
into equity of Debtor immediately prior to the effective time of such Change in Control
into a new series of Preferred Stock to be identified as Series A-2001 Preferred Stock at
a per share conversion price of Five Dollars ($5.00) per share, which series shall
provide in a Certificate of Designation to be filed by Debtor with the Delaware Secretary
of State for a liquidation preference of $7.50 per share in preference to any other
equity of Debtor. The Certificate of Designation shall also provide that such Series
A-2001 Preferred Stock is redeemable by Debtor upon at least ten (10) days advance
written notice at a redemption price of $7.50 per share. The foregoing rights,
preferences and privileges set forth in the Certificate of Designation shall be amendable
only with the consent of holders of 51% or more of the then outstanding shares of Series
A-2001 Preferred Stock. Debtor shall provide at least twenty (20) days advance written
notice prior to a Change in Control and Lender shall notify Debtor of its election to
convert within ten (10) days after receipt of such notice. In addition, any principal or
interest outstanding on this Note may be offset by Lender against the purchase price of
an equity interest in Debtor or its successor in interest that Lender and Debtor may
arrange, independent of this conversion feature.

	 	     (ii)
Notwithstanding the Majority Holders’ conversion right set forth above, in lieu of
issuing the Series A-2001 Preferred Stock, Debtor shall have the right to redeem this
Note and all Notes issued pursuant to the Purchase Agreement (including all accrued
interest then owed) for an amount equal to the Liquidation Preference of the Series
A-2001 Preferred Stock to be issued upon conversion.

	 	     (iii)
“Change in Control” for purposes of this Note means a consolidation or merger in which
the stockholders of Debtor prior to such merger or consolidation will own less than 50%
of the voting power of the surviving entity immediately following such merger or
consolidation, or the sale of substantially all of the assets of Debtor.

	

     2.
Conversion Procedure. Before Lender shall be entitled to
receive a certificate for shares of Debtor’s equity or receive the proceeds
from a redemption of this Note, Lender shall surrender this Note, duly endorsed,
at the principal office of Debtor. At its expense, Debtor shall, as soon as
practicable thereafter, issue and deliver to Lender at such principal office a
certificate or certificates for the number of shares of such Debtor’s
equity to which Lender shall be entitled upon such conversion (bearing such
restrictive legends as are required by the terms of the Purchase Agreement and
applicable state and federal securities law in the opinion of counsel to Debtor)
or the redemption cash proceeds, as the case may be. In the event of any
conversion of this Note pursuant to subsection 1 above, such conversion shall be
deemed to have been made immediately prior to the Change in Control. 

     3.
Mechanics and Effect of Conversion. No fractional shares shall be
issued upon conversion of this Note. In lieu of Debtor issuing any fractional
shares to Lender upon the conversion of this Note, Debtor shall pay to Lender
the amount of outstanding principal that is not so converted, such payment to be
in cash as provided below. Upon conversion of this Note and/or payment of all
principal and accrued interest, Debtor shall be forever released from all its
obligations and liabilities under this Note. 

     4.
Market Stand-off. In connection with any underwritten public
registration of Debtor’s securities, Lender agrees, upon the request of
Debtor or the underwriter(s) managing such underwritten offering of the
Debtor’s securities, not to sell, make any short sale of, loan, grant any
option for the purchase of, or otherwise dispose of any securities of Debtor
heretofore or hereafter acquired by Lender (other than those included in the
registration) without the prior written consent of the Debtor and such
underwriter(s), as the case may be, for a period of time, not to exceed one
hundred and eighty (180) days after the effective date of such registration (the
“Lock-up Period”). Upon request by the Debtor, Lender shall enter into
any further agreement in writing in a form reasonably satisfactory to Debtor and
such underwriter(s) to effectuate this lock-up. Debtor may impose stop-transfer
instructions with respect to the securities subject to the foregoing
restrictions until the end of the Lock-up Period. 

2 

	

     5.
Legend. Each certificate or instrument evidencing
securities which Lender may purchase hereunder and any other securities issued
upon any stock split, stock dividend, recapitalization, merger, consolidation or
similar event (unless no longer required in the opinion of the counsel for this
Debtor) shall be imprinted with legends substantially in the following form: 

	 	
THE
SECURITIES TO WHICH THIS INSTRUMENT RELATES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (“SECURITIES ACT”), OR UNDER ANY STATE SECURITIES LAWS (“BLUE SKY
LAWS”), AND MAY NOT BE OFFERED OR SOLD WITHOUT REGISTRATION UNDER THE SECURITIES ACT, AND
AS REQUIRED BY BLUE SKY LAWS IN EFFECT AS TO SUCH TRANSFER, UNLESS THIS CORPORATION HAS
RECEIVED AN OPINION FROM COUNSEL, SATISFACTORY TO THIS CORPORATION AND ITS COUNSEL, THAT
SUCH REGISTRATION IS NOT REQUIRED.

	 	
THE
SECURITIES REPRESENTED BY THIS INSTRUMENT ARE SUBJECT TO A “LOCK-UP” PROVISION
RESTRICTING THE TRANSFER OF THE SECURITIES IN CONNECTION WITH AN UNDERWRITTEN PUBLIC
OFFERING AS SET FORTH IN THAT CERTAIN CONVERTIBLE PROMISSORY NOTE DATED EFFECTIVE
FEBRUARY 16, 2001 BY AND BETWEEN THE ORIGINAL HOLDER HEREOF AND THIS CORPORATION.

	

     Debtor
shall be entitled to enter stop transfer notices on its transfer books with
respect to such securities. 

     6.
Attorneys Fees. If any action is instituted on this Note, the
successful or prevailing party or parties shall be entitled to recover
reasonable attorneys’ fees and other costs incurred in that action or
proceeding, in addition to any other relief to which the party or parties may be
entitled. Diligence, demand, presentment, notice of dishonor, and protest are
waived by Debtor, and any and all makers, sureties, guarantors, and endorsers of
this Note, and their successors and assigns. Time is of the essence for every
obligation under this Note. This Note shall not be transferable or assignable in
any manner, except to affiliates of Lender, and no interest shall be pledged or
otherwise encumbered by Lender without the express written consent of Debtor,
and any such attempted disposition of this Note or any portion hereof shall be
of no force or effect. 

     This
Note shall be construed under the laws of the State of California, as such laws
are applied to contracts entered into and performed entirely within that state
by residents thereof. 

     IN
WITNESS WHEREOF, Debtor has executed and delivered this Note as of the day
and year and at the place first above written. 

		BURST.COM, INC.

By:
       ————————————————————

Doug Glen, President and Chief Executive Officer 

		DRAYSEC FINANCE LIMITED

Accepted by:
                         ——————————————
——

Print Name:
                         ——————————————
—— 

	

3

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