Document:

No. ___                                                         $__________  USD

                                EYECITY.COM, INC.

           10% Secured Convertible Debenture Due ______________, 2003

THIS DEBENTURE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT") OR ANY OTHER APPLICABLE STATE SECURITIES LAWS AND
HAS BEEN ISSUED IN RELIANCE UPON REGULATION D PROMULGATED UNDER THE SECURITIES
ACT. THIS DEBENTURE SHALL NOT CONSTITUTE AN OFFER TO SELL NOR A SOLICITATION OF
AN OFFER TO BUY THE DEBENTURE IN ANY JURISDICTION IN WHICH SUCH OFFER OR
SOLICITATION WOULD BE UNLAWFUL.

THIS DEBENTURE MAY NOT BE SOLD, PLEDGED, TRANSFERRED OR ASSIGNED EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND UNDER
APPLICABLE STATE SECURITIES LAWS, OR IN A TRANSACTION WHICH IS EXEMPT FROM
REGISTRATION UNDER THE PROVISIONS OF THE SECURITIES ACT AND UNDER PROVISIONS OF
APPLICABLE STATE SECURITIES LAWS.

            THIS 10% CONVERTIBLE DEBENTURE is one of a duly authorized issue of
10% Secured Convertible Debentures (the "Debenture") of Eyecity.com, Inc., a
corporation duly organized and existing under the laws of the State of Delaware
(the "ISSUER"), issued on ____________, 2000 (the "Issuance Date"), and
designated as its 10% Secured Convertible Debenture due ____________, 2003 and
in principal amount for all such Debentures not exceeding $15,000,000.

            This Debenture is being issued, together with a warrant (the
"Warrant"), as the components of a unit of the ISSUER'S securities ("Units")
pursuant to the terms of the ISSUER'S Private Placement Memorandum dated
_________, 2000 (the "Memorandum") and the offering described therein (the
"Offering"), and is subject to all the conditions and limitations set forth in
the Memorandum and the subscription documents attached as exhibits to the
Memorandum.

               FOR VALUE RECEIVED, the ISSUER promises to pay to:

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

the registered holder hereof or its registered permitted assigns, if any (the
"HOLDER"), the principal sum of: ______________________ United States Dollars
($_______), on the day prior to the third anniversary of the date of issuance
hereof (the "Maturity Date"), and to pay interest, as outlined below, at the
rate of ten percent (10%) per annum on the principal sum outstanding for the
term of this Debenture. Accrual of interest shall commence on the date hereof.
Interest shall be payable by the ISSUER, in cash, semi-annually commencing on
the first anniversary of the date hereof and every six (6) months thereafter
that this Debenture

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remains outstanding. The ISSUER, at its sole option, may pay interest on the
Debentures in shares of the common stock, par value $.001 per share ("Common
Stock"), of the ISSUER (the "Interest Shares"), provided that such Interest
Shares have been registered for re-sale pursuant to the Securities Act, and are
freely tradable without restriction or legend ("Registered") and are valued at
the closing bid price of the Common Stock for the previous ten (10) trading days
prior to the required date of issuance and delivery of such Interest Shares. The
ISSUER must issue the Interest Shares, if applicable, within 30 calendar days
from the date the applicable interest payment is due. The interest so payable
will be paid to the person in whose name this Debenture is registered on the
records of the ISSUER regarding registration and transfers of the Debenture (the
"Debenture Register"); provided, however, that the ISSUER'S obligation to a
transferee of this Debenture arises only if such transfer, sale or other
disposition is made in accordance with the terms and conditions contained in
this Debenture. The principal of this Debenture is payable as provided below at
any time prior to the Maturity Date, or upon redemption, or as may be converted
by the HOLDER upon the exercise of HOLDER'S conversion rights as set forth below
into shares of Common Stock. In the event this Debenture is not paid in full
within thirty (30) days of its Maturity Date, it may, at the election of the
HOLDER, be converted into freely tradable shares of Common Stock at a price per
share calculated pursuant to the conversion formula contained below. Principal
and interest on this Debenture are payable at the address last appearing on the
Debenture Register as designated in writing by the HOLDER hereof from time to
time. The ISSUER will, at all times until all Debentures have been redeemed or
converted, reserve from the proceeds of the Offering an amount equal to three
(3) months' interest due on each Debenture, to the extent then outstanding.

      As further described in Sections 8 through 11 herein, the ISSUER agrees to
use its reasonable best efforts to file a registration statement ("Registration
Statement") on proper form in order to register under the Securities Act with
the Securities and Exchange Commission (the "Commission") for resale all shares
of Common Stock into which the Debentures are convertible pursuant to the terms
and conditions hereof (collectively, the "Debenture Shares") and all Interest
Shares within 60 days after the date of the final issuance of any Debentures
(the "Final Issuance Date"). The ISSUER further agrees to use its best efforts
to cause such Registration Statement to become effective within 120 days after
the Final Issuance Date ("Effectiveness"). If the ISSUER fails to achieve
Effectiveness within such 120 day period, the then-outstanding Debentures shall
be in default and shall bear interest at the rate of fourteen percent (14%) per
annum until the earlier of such time as (x) such default is cured or (y) the
Debenture Shares and Interest Shares may otherwise be publicly sold without
volume restrictions applicable thereto. In the event any Debentures have already
been converted into unregistered Debenture Shares at the time of such default,
the holders of such shares shall be entitled to receive, at the end of each
30-day period following such default, until the earlier of such time as (x) such
default is cured or (y) the Debenture Shares and Interest Shares may otherwise
be publicly sold without volume restrictions applicable thereto, additional
shares of Common Stock, which such shares must be Registered within 120 days
from the date of Effectiveness, in an amount equal to 10% of the number of
unregistered Debenture Shares owned by such holder on the date of default. As an
example, if a holder owns 10,000 Debenture Shares on the day of default, 90 days
thereafter he shall have received 3,000 additional shares of Common Stock. The
ISSUER shall maintain the effectiveness of the Registration Statement until the
earlier of (i) such time as the Debenture Shares and

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Interest Shares can be sold pursuant to Rule 144 under the Securities Act or
(ii) a period of two (2) years from the later of the date of Effectiveness and
the date the Common Stock is listed for quotation by the Nasdaq National Market
or Nasdaq SmallCap Market (but not including the NASDAQ OTC Bulletin Board) or
traded on the New York Stock Exchange, the American Stock Exchange, the London
Stock Exchange or the Neuer Markt, and actually trading thereon ("Listed").

      The Debenture is subject to the following additional provisions:

            1. The Debenture is exchangeable for like Debentures in equal
      aggregate principal amount of authorized denominations, as requested by
      the HOLDER surrendering the same. No service charge will be made for such
      registration or transfer or exchange, although the HOLDER shall be
      responsible for its own expenses associated with complying with the
      restrictions on transfer of the Debenture.

            2. This Debenture has been issued subject to investment
      representations of the original HOLDER hereof and may be transferred or
      exchanged in the United States only in compliance with the Securities Act
      and applicable state securities laws and in compliance with the
      restrictions on transfer provided in this Debenture. Prior to the due
      presentment for such transfer of this Debenture, the ISSUER and any agent
      of the ISSUER may treat the person in whose name this Debenture is duly
      registered on the Debenture Register as the owner hereof for the purpose
      of receiving payment as herein provided and all other purposes, whether or
      not this Debenture is overdue, and neither the ISSUER nor any such agent
      shall be affected by notice to the contrary. The transferee shall be
      bound, as the original HOLDER, by the same representations and terms
      described herein and under any related agreements.

            3. (a) The HOLDER is entitled, at its option, at any time after the
      Issuance Date, to convert this Debenture, in whole or in part in
      accordance with the following terms and conditions:

                  (i) The HOLDER may exercise its right to convert the Debenture
            into Debenture Shares by telecopying an executed and completed
            notice of conversion in the form attached hereto as Exhibit A (the
            "Notice of Conversion") to the ISSUER and delivering the original
            Notice of Conversion and the original Debenture to the ISSUER by
            express courier. Each business date on which a Notice of Conversion
            is telecopied to and received by the ISSUER in accordance with the
            provisions hereof shall be deemed a "Conversion Date." The ISSUER
            will transmit the certificates representing the Debenture Shares to
            the HOLDER via express courier, by electronic transfer (if
            applicable) or otherwise within ten (10) business days after the
            Conversion Date ("Delivery Date") if the ISSUER has received the
            original Notice of Conversion and Debenture being so converted by
            such date. In addition to any other remedies which may be available
            to the HOLDER, in the event that the ISSUER fails to effect delivery
            of such shares of Common Stock by the Delivery Date, the HOLDER will
            be entitled to revoke the Notice of Conversion by delivering a
            notice to such effect to the ISSUER, whereupon the ISSUER and the
            HOLDER shall each be restored

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            to their respective positions immediately prior to delivery of the
            Notice of Conversion. The Notice of Conversion and Debenture
            representing the portion of the Debenture converted shall be
            delivered as follows:

            To the ISSUER:    Eyecity.com, Inc.
                              79 Express Street
                              Plainview, New York 11803
                              Attention: Mark Levin, CEO
                              Telephone: (516) 822-5000
                              Facsimile: (516) 822-5520

            In the event that the Debenture Shares are not delivered, by the
            Delivery Date, the interest rate for this Debenture shall be
            increased to 14% per annum.

                  (ii) The HOLDER may, at its sole option, convert, in whole or
            in part, the principal amount of, and accrued but unpaid interest
            on, the Debenture at any time from the date of issuance, into
            Debenture Shares at a conversion rate of $.50 per share (the
            "Conversion Price").

            (b) The number of shares of Common Stock issuable upon the
      conversion of this Debenture shall be subject to adjustment as follows,
      with the date of such adjustment referred to herein as the "Adjustment
      Date":

                  (i) In case the ISSUER shall (A) pay a dividend on Common
            Stock in Common Stock or securities convertible into, exchangeable
            for, or otherwise entitling a HOLDER thereof to receive Common
            Stock, (B) declare a dividend payable in cash on its Common Stock
            and at substantially the same time offer its shareholders the right
            to purchase new Common Stock (or securities convertible into,
            exchangeable for, or otherwise entitling a holder thereof to receive
            Common Stock) from proceeds of such dividends (all Common Stock so
            issued shall be deemed to have been issued as a stock dividend), (C)
            subdivide its outstanding shares of Common Stock into a greater
            number of shares of Common Stock, (D) combine its outstanding shares
            of Common Stock into a smaller number of shares of Common Stock, or
            (E) issue by reclassification of its Common Stock any shares of
            Common Stock of the ISSUER, the number of Debenture Shares into
            which this Debenture is convertible shall be adjusted so that the
            HOLDERS of this Debenture shall be entitled to receive after the
            happening of any of the events described above that percentage of
            issued and outstanding shares of Common Stock and kind of shares of
            Common Stock as the HOLDERS would have received had such Debenture
            been converted immediately prior to the happening of such event or
            any record date with respect thereto. Any adjustment made pursuant
            to this subdivision shall become effective immediately after the
            close of business on the record date in the case of a stock
            dividend, stock split, subdivision, combination or reclassification.
            If any adjustment under this Section would create a fractional share
            of Common Stock or a right to acquire a fractional share of Common

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            Stock, such fractional share shall be disregarded and the number of
            shares subject to this Debenture shall be the next higher number of
            shares, rounding all fractions upward.

                  (ii) Whenever the Conversion Price of this Debenture is
            adjusted, as herein provided, such adjustment shall be effected (to
            the nearest cent) by multiplying such Conversion Price immediately
            prior to such adjustment by a fraction of which the numerator shall
            be the number of shares of Common Stock issuable upon the exercise
            of each share of Debenture immediately prior to such adjustment, and
            of which the denominator shall be the number of shares of Common
            Stock issuable immediately thereafter.

                  (iii) If the ISSUER has issued, or shall be deemed to have
            issued, Additional Shares of Common Stock (as hereinafter defined)
            without consideration or for a consideration per share less than
            $.50 (as adjusted to reflect stock splits, stock dividends,
            recapitalizations and the like) ("Adjustment Price"), then and in
            such event, such Conversion Price shall be reduced concurrently with
            such issue to a price (calculated to the nearest cent) to an amount
            determined by multiplying the Conversion Price by a fraction:

                        (A) the numerator of which shall be (a) the number of
                  shares of Common Stock outstanding immediately prior to the
                  issuance of Additional Shares of Common Stock, plus (b) the
                  number of shares of Common Stock which could be purchased at
                  the Adjustment Price using the net aggregate consideration
                  received by the ISSUER for the purchase of the total number of
                  such Additional Shares of Common Stock so issued, and

                        (B) the denominator of which shall be (a) the number of
                  shares of Common Stock outstanding immediately prior to the
                  issuance of such Additional Shares of Common Stock, plus (b)
                  the number of Additional Shares of Common Stock so issued.

                        (C) As used herein:

                  "Additional Shares of Common Stock" shall mean all shares of
                  Common Stock issued or deemed to be issued (pursuant to the
                  following sentence) by the ISSUER after the date hereof;
                  provided, however, that, "Additional Shares of Common Stock"
                  shall not include (i) the issuance of up to an aggregate of
                  twenty percent (20%) of the issued and outstanding Common
                  Stock of the ISSUER, on a fully diluted basis, to officers,
                  directors or employees of, or consultants to, the ISSUER,
                  pursuant to a stock

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                  purchase or option plan or other incentive program approved by
                  the Board of Directors, or pursuant to an employee's
                  employment agreement with the ISSUER, (ii) the Debenture
                  Shares, Interest Shares, Clawback Shares (as defined herein),
                  Shares (as defined in that certain Common Stock Purchase
                  Warrant being issued to each investor in the Offering),
                  Placement Agent Shares (as defined in that certain placement
                  agent agreement between the ISSUER and the Placement Agent
                  (the "Placement Agent Agreement"), (iii) issuances or deemed
                  issuances described in subsection 3 (b)(i) or 3(b)(ii) for
                  which the HOLDER receives an adjustment pursuant thereto, (iv)
                  securities issued to strategic partners, licensees,
                  distribution partners, technology or service vendors or
                  content providers, provided, however, that any issuances
                  pursuant to this clause (iv) do not exceed 2% (without regard
                  to such issuance) of the then-issued and outstanding Common
                  Stock in any single, or group of related transactions or
                  transactions with one such entity or any affiliate thereof, or
                  10% (without regard to such issuance) of the then-issued and
                  outstanding Common Stock in the aggregate. If the ISSUER
                  issues any Options or Convertible Securities (as hereinafter
                  defined), the maximum number of shares of Common Stock
                  issuable thereunder shall be deemed to be Additional Shares of
                  Common Stock issued as of the time of such issue, if the
                  consideration per share of such Additional Shares of Common
                  Stock is less than the Adjustment Price then in effect, until
                  such time as such Options or Convertible Securities shall
                  terminate or be exercised or converted into Common Stock, upon
                  which time the number of shares of Common Stock actually
                  thereupon issued shall be deemed to be Additional Shares of
                  Common Stock. Consideration per share of Additional Shares of
                  Common Stock shall be determined by adding the consideration
                  received upon issuance of the Options or Convertible
                  Securities to the maximum possible consideration to be
                  received upon exercise, conversion or exchange of such Options
                  or Convertible Securities for shares of Common Stock. If any
                  Consideration consists of property other than cash, the value
                  of such property shall be computed at the fair market value at
                  the time of such issuance of Additional Shares of Common
                  Stock, as determined in good faith by the Board of Directors
                  of the ISSUER.

                  "Options" shall mean rights, options or warrants to subscribe
                  for, purchase or otherwise acquire Common Stock.

                  "Convertible Securities" shall mean any evidences of
                  indebtedness, shares (other than Common Stock) or other
                  securities directly or indirectly convertible into or
                  exchangeable for Common Stock.

                  With respect to Options and Convertible Securities,
                  "Consideration" per share of Additional Shares of Common Stock
                  shall be determined

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                  by adding (x) the aggregate consideration received upon
                  issuance of the Options or Convertible Securities divided by
                  the number of shares receivable upon the exercise or
                  conversion thereof and (y) the minimum possible consideration
                  per share received upon the exercise, conversion or exchange
                  of such Options or Convertible Securities for shares of Common
                  Stock.

                        (iv) Notwithstanding the foregoing, if, prior to the
                  conversion of this Debenture and until 90 days after the
                  Debenture Shares, the shares of Common Stock into which the
                  Warrant is convertible (the "Warrant Shares") and the Interest
                  Shares (referred to collectively herein as the "Securities")
                  are Listed, the ISSUER implements a reverse stock split (or
                  multiple reverse stock splits in the aggregate) of 1:5 or
                  more, the shares of the Common Stock issuable upon conversion
                  of this Debenture, but not to the extent previously converted
                  into Debenture Shares, will be adjusted on a basis of no
                  greater than 1:5. The provision of this paragraph limiting the
                  reverse split shall apply to any cumulative multiple reverse
                  splits should they occur.

                  (c) On the date of any (i) consolidation or merger of the
            ISSUER into any entity (other than a consolidation or merger that
            does not result in any reclassification, conversion, exchange or
            cancellation of outstanding shares of Common Stock of the ISSUER),
            (ii) sale, transfer, lease or conveyance of all or substantially all
            of the assets of the ISSUER as an entirety or substantially as an
            entirety, or (iii) reclassification, capital reorganization or
            change of the Common Stock (other than solely a change in par value,
            or from par value to no par value), in each case as a result of
            which shares of Common Stock shall be converted into the right to
            receive stock, securities or other property (including cash or any
            combination thereof), the ISSUER shall cause the holder of this
            Debenture to have the right thereafter to convert this Debenture
            into the kind and amount of securities, cash and other property
            receivable upon such consolidation, merger, sale, transfer, capital
            reorganization or reclassification by a holder of the number of
            shares of Common Stock into which such Debenture would have been
            converted immediately prior to such consolidation, merger, sale,
            transfer, capital reorganization or reclassification. If necessary,
            appropriate adjustment shall be made in the application of the
            provision set forth herein with respect to the rights and interest
            thereafter of the HOLDER, to the end that the provisions set forth
            herein shall thereafter correspondingly be made applicable, as
            nearly as may reasonably be, in relation to any shares of stock or
            other securities or property thereafter deliverable on the
            conversion of this Debenture.

                  (d) The ISSUER covenants and agrees that all Common Stock
            which may be issued upon the conversion of this Debenture will, upon
            issuance and payment therefor, be legally and validly issued and
            outstanding, fully paid and nonassessable, free from all liens,
            charges and preemptive rights, if any, with respect thereto or to
            the issuance thereof. The ISSUER shall at all times reserve and keep
            available for issuance upon the conversion of this Debenture such
            number of authorized but unissued shares of Common Stock as will be
            sufficient to permit the conversion, in full, of this Debenture.

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            4. Redemption; Mandatory Conversion. The ISSUER shall have the right
      to redeem this Debenture upon 30 days' written notice to the HOLDER,
      during which such 30 day period the HOLDER may elect to convert the
      Debenture into Debenture Shares in accordance with the terms and
      conditions hereof ("Redemption"); provided, however, that if the closing
      bid price for the Common Stock as reported by the National Association of
      Securities' Dealers automated quotation system for any twenty-two (22)
      consecutive trading day period within the thirty (30) day period
      immediately prior to Redemption does not exceed $2.00 per share, at any
      time within six (6) months following any Redemption former holders of the
      Debentures shall have the right (the "Clawback Right") to purchase shares
      of Common Stock ("Clawback Shares") in an amount equal to the amount of
      principal so converted at a price equal to what would have been the
      applicable Conversion Price on such date. Additionally, the ISSUER shall
      have the right to require conversion ("ISSUER Conversion") of all or any
      portion of the principal and interest on the Debentures into Debenture
      Shares at a conversion rate equal to the Conversion Price, so long as (i)
      the closing bid price for the Common Stock as reported by the National
      Association of Securities' Dealers automated quotation system for any
      twenty-two (22) consecutive trading day period within the thirty (30) day
      period immediately prior to the time of such conversion exceeds $2.00 per
      share (as adjusted to reflect stock splits, stock dividends,
      recapitalizations and the like) and (ii) the Debenture Shares, Interest
      Shares, Clawback Shares and the shares underlying the warrants granted to
      Connecticut Capital Markets, LLC (the "Placement Agent") as consideration
      for acting as placement agent for the Offering have been Registered (the
      "Placement Agent Shares"). As used herein, "closing bid price" means, in
      each case at the close of trading hours (not including extended trading
      hours), (i) if the Common Stock is listed on the New York Stock Exchange
      ("NYSE") or the American Stock Exchange ("AMEX"), the last reported sale
      price or (ii) if the Common Stock is listed on the Nasdaq National Market
      System, SmallCap Market or over-the-counter bulletin board, the closing
      bid price for the Common Stock as reported by the Nasdaq National Market
      System, SmallCap Market or over-the-counter bulletin board, as applicable,
      or (iii) if the Common Stock is not listed or admitted for trading on any
      national securities exchange and is not reported by NYSE, AMEX, Nasdaq
      National Market System, SmallCap Market or over-the-counter bulletin
      board, or if the Common Stock is traded in the over-the-counter market but
      bid quotations are not published on Nasdaq, the closing bid price for the
      Common Stock as furnished by a broker-dealer which regularly furnishes
      price quotations for the Common Stock; or (iv) if no such quotations are
      available, as determined in good faith by the Board of Directors of the
      ISSUER.

            5. If one or more of the following described "Events of Default"
      shall occur:

                  (a) Any of the representations or warranties made by the
            ISSUER herein or in that certain placement agent agreement executed
            by the ISSUER and the Placement Agent ("Placement Agent Agreement")
            shall have been incorrect when made or at any Issuance Date (as
            defined in the Placement Agent Agreement) in any material respect;
            or

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                  (b) The ISSUER shall breach, fail to perform, or observe in
            any material respect any covenant, term, provision, condition,
            agreement or obligation of the ISSUER under this Debenture, the
            Warrant and the Placement Agent Agreement, between the parties of
            even date herewith and such breach or failure to perform shall not
            have been cured within fifteen (15) business days following delivery
            of notice of such breach or failure to perform, which such notice
            shall only be required with respect to breaches or failures to
            perform of which the HOLDER is actually aware; or

                  (c) A trustee, liquidator or receiver shall be appointed for
            the ISSUER or for a substantial part of its property or business
            without its consent and shall not be discharged within sixty (60)
            days after such appointment; or

                  (d) Any governmental agency or any court of competent
            jurisdiction at the instance of any governmental agency shall assume
            custody or control of all the properties or assets of the ISSUER and
            shall not be dismissed within sixty (60) days thereafter; or

                  (e) Bankruptcy, reorganization, insolvency or liquidation
            proceedings or other proceedings for relief under any bankruptcy law
            or any law for the relief of debtors shall be instituted by or
            against the ISSUER and, if instituted against the ISSUER, ISSUER
            shall by any action or answer approve of, consent to, or acquiesce
            in any such proceedings or admit the material allegations of, or
            default in, answering a petition filed in any such proceeding or
            such proceedings shall not be dismissed within thirty (30) days
            thereafter; or

                  (f) Failure of the ISSUER to use its best efforts to Register
            the Securities within 120 days after the Final Issuance Date;

                  (g) Failure of the ISSUER to insure that all conversions
            properly requested by the HOLDER are effected by the ISSUER; or

                  (h) Any default or breach in any material respect of the
            ISSUER'S obligations pursuant to the Security Agreement of ISSUER
            pursuant to which the indebtedness represented by this Debenture is
            secured by certain assets of the ISSUER ("Security Agreement") and
            such breach or failure to perform shall not have been cured within
            fifteen (15) business days following delivery of notice of such
            breach or failure to perform, which such notice shall only be
            required with respect to breaches or failures to perform of which
            the HOLDER is actually aware,

                  then, or at any time thereafter, and in each and every such
            case, unless such Event of Default shall have been waived in writing
            by the HOLDER (which waiver shall not be deemed to be a waiver of
            any subsequent default), solely with respect to the failure to
            Register the Securities within 120 days after the Final Issuance
            Date, the interest rate of the Debentures shall be automatically
            increased to 14% per annum until the Event of Default is cured,
            provided that no such interest rate increase, or waiver thereof
            shall constitute a waiver of any other rights the HOLDER may have as
            a result of such Event of Default; and with respect to all Events of
            Default

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            described above, the HOLDER shall have the right to immediately
            accelerate the maturity hereof and declare all due and unpaid
            amounts hereon immediately due and payable.

            6. This Debenture, together with the Memorandum and all documents
      annexed hereto and referenced herein, embodies the full and entire
      understanding and agreement between the ISSUER and HOLDER with respect to
      the subject matter hereof and supersedes all prior oral or written
      agreements and understandings relating to the subject matter hereof.
      Neither this Debenture nor any terms hereof may be amended, waived,
      discharged or terminated other than by a written instrument signed by the
      ISSUER and the HOLDER. Any capitalized terms not otherwise defined herein
      shall have the same meaning as given in the Memorandum. In the event of
      any inconsistencies between this Debenture and the Memorandum, the
      Memorandum shall control. No statement, representation, warranty, covenant
      or agreement of any kind not expressly set forth in this Debenture or in
      the Memorandum shall affect, or be used to interpret, change or restrict,
      the express terms and provisions of this Debenture.

            7. This Debenture will be construed and enforced in accordance with
      and governed by the laws of the State of New York, except for matters
      arising under the Securities Act, without reference to principles of
      conflicts of law. Each of the parties consents to the jurisdiction of the
      District Court serving New York County, New York in connection with any
      dispute arising under this Debenture and hereby waives, to the maximum
      extent permitted by law, any objection, including any objection based on
      forum non conveniens, to the bringing of any such proceeding in such
      jurisdictions. Each party hereby agrees that, if the other party to this
      Debenture obtains a judgment against it in such a proceeding, the party
      which obtained such judgment may enforce same by summary judgment in the
      courts of any state or country having jurisdiction over the party against
      whom such judgment was obtained, and each party hereby waives any defenses
      available to it under local law and agrees to the enforcement of such a
      judgment. Each party to this Debenture irrevocably consents to the service
      of process in any such proceeding by the mailing of copies thereof by
      registered or certified mail, postage prepaid, to such party at its
      address set forth herein. Nothing herein shall affect the right of any
      party to serve process in any other manner permitted by law.

            8. Registration. Within sixty (60) days of the Final Issuance Date
      (the "Filing Period"), the ISSUER shall use its reasonable best efforts to
      file a Registration Statement registering for resale under the Securities
      Act, the Securities and further agrees to cause Effectiveness within 120
      days after the Final Issuance Date. The ISSUER shall pay the expenses
      described in Section 10 for the Registration Statement filed pursuant to
      this Section 8, except for underwriting discounts and commissions and
      transfer taxes, which expenses shall be borne by the HOLDER.

            9. Registration Procedures. In connection with the ISSUER's
      obligations pursuant to Section 8, the ISSUER will:

                  (a) cause the Registration Statement to remain effective until
            the earlier of (i) such time as the Debenture Shares and Interest
            Shares can be sold pursuant to Rule 144 under the Securities Act or
            (ii) a period of two (2) years from

                                       10
<PAGE>

            the later of the date of Effectiveness and the date the Debenture
            Shares and Interest Shares are Listed; provided, however, that (i)
            such two year period shall be extended for a period of time equal to
            the period HOLDER refrains from selling any Debenture Shares or
            Interest Shares included in such Registration Statement at the
            request of an underwriter of securities of the ISSUER or at the
            request of the ISSUER or the exchange on which the Securities are
            Listed, and (ii) in the case of any registration of the Securities
            on Form S-3 or comparable successor form which are intended to be
            offered on a continuous or delayed basis, such two year period shall
            be extended, if necessary, to keep the Registration Statement
            effective until all Securities are sold, provided that applicable
            rules and regulations under the Securities Act governing the
            obligation to file a post-effective amendment permit, in lieu of
            filing a post-effective amendment which (x) includes any prospectus
            required by Section 10(a)(3) of the Securities Act or (y) reflects
            facts or events representing a material or fundamental change in the
            information set forth in the Registration Statement, the
            incorporation by reference of information required to be included in
            (x) and (y) hereof to be contained in periodic reports filed
            pursuant to Section 13 or 15(d) of the Securities Exchange Act of
            1934, as amended, (the "Exchange Act") in the Registration
            Statement; (the "Effective Period");

                  (b) prepare and file with the Commission such amendments to
            such Registration Statement and supplements to the prospectus
            contained therein as may be necessary to keep such Registration
            Statement effective for the Effective Period as may be reasonably
            necessary to effect the sale of such securities;

                  (c) furnish to HOLDER such reasonable number of copies of the
            Registration Statement and final prospectus as HOLDER may reasonably
            request;

                  (d) use its best efforts to register or qualify the Securities
            covered by such Registration Statement under such state securities
            or Blue Sky laws of such jurisdictions as HOLDER may reasonably
            request in writing within thirty (30) days following the original
            filing of the Registration Statement, except that the ISSUER shall
            not for any purpose be required to execute a general consent to
            service of process or to qualify to do business as a foreign
            corporation in any jurisdiction wherein it is not so qualified;

                  (e) Furnish to the HOLDER, and to the Placement Agent and its
            legal counsel (i) promptly after the same is prepared and publicly
            distributed, filed with the Commission or received by the HOLDER,
            one copy of the Registration Statement and any amendment thereto,
            each preliminary prospectus and prospectus and each amendment or
            supplement thereto in both electronic and print format, and (ii)
            such number of copies of a prospectus, including a preliminary
            prospectus, and all amendments and supplements thereto, and such
            other documents as the HOLDER may reasonably request in order to
            facilitate the disposition of the Securities owned by HOLDER;

                  (f) Notify HOLDER at any time when a prospectus relating
            thereto is required to be delivered under the Securities Act, of the
            happening of any event as a result of which the prospectus included
            in such Registration Statement, as

                                       11
<PAGE>

            then in effect, includes an untrue statement of a material fact or
            omits to state a material fact required to be stated therein or
            necessary to make the statements therein not misleading or
            incomplete in light of the circumstances then existing, and at the
            request of HOLDER, prepare and furnish to it a reasonable number of
            copies of a supplement to or an amendment of such prospectus as may
            be necessary so that, as thereafter delivered to HOLDER, such
            prospectus shall not include an untrue statement of a material fact
            or omit to state a material fact required to be stated therein or
            necessary to make the statements therein not misleading or
            incomplete in light of the circumstances then existing;

                  (g) Use its best efforts to prevent the issuance of any stop
            order or other suspension of effectiveness of a Registration
            Statement, and, if such an order is issued, to obtain the withdrawal
            of such order at the earliest possible moment and to notify HOLDER
            (or, in the event of an underwritten offering, the managing
            underwriters) of the issuance of such order and the resolution
            thereof;

                  (h) Provide a transfer agent and registrar for all Securities
            and a CUSIP number for all such Securities, in each case not later
            than the Effective Period;

                  (i) Make available for inspection by the HOLDER, any
            underwriter participating in any disposition pursuant to such
            Registration Statement and any attorney or accountant retained by
            the HOLDER or underwriter, all financial and other records,
            pertinent corporate documents and properties of the ISSUER and cause
            the ISSUER'S officers and directors to supply all information
            reasonably requested by the HOLDER, any underwriter, attorney or
            accountant in connection with such Registration Statement;

                  (j) Otherwise use its best efforts to comply with all
            applicable rules and regulations of the Commission, and make
            available to the HOLDER, as soon as reasonably practicable, an
            earnings statement covering the period of at least twelve (12)
            months, but not more than eighteen (18) months, beginning with the
            first month after the Effective Period, which earnings statement
            shall satisfy the provisions of Section 11(a) of the Securities Act;

                  (k) Enter into any underwriting agreement reasonably necessary
            to effect the offer and sale of the Securities, provided such
            underwriting agreement contains customary underwriting provisions
            and provided, further, that if the underwriter so requests, the
            underwriting agreement will contain customary indemnification and
            contribution provisions; and

                  (l) Hold in confidence and not make any disclosure of
            information concerning the HOLDER provided to the ISSUER unless (i)
            disclosure of such information is necessary to comply with federal
            or state securities laws, (ii) the disclosure of such information is
            necessary to avoid or correct a misstatement or omission in any
            Registration Statement, (iii) the release of such information is
            ordered pursuant to a subpoena or other order from a court or
            governmental body of competent jurisdiction or (iv) such information
            has been made generally available to

                                       12
<PAGE>

            the public other than by disclosure in violation of this or any
            other agreement; and, upon learning that disclosure of such
            information concerning the HOLDER is sought in or by a court or
            governmental body of competent jurisdiction or through other means,
            give prompt notice to the HOLDER and, at its expense, undertake
            appropriate action to prevent disclosure of, or to obtain a
            protective order for, such information.

            10. Expenses. With respect to the inclusion of the Securities in a
Registration Statement, subject to Section 9(d) hereof, all fees, costs and
expenses of such registration including Blue Sky fees, shall be borne by the
ISSUER; provided, however, that HOLDER shall be responsible to pay for all
transfer taxes.

            11. Indemnification.

            (a) The ISSUER shall indemnify the HOLDER and any underwriter or
      person deemed to be an underwriter within the meaning of Section 15 of the
      Securities Act or Section 20(a) of the Exchange Act, from and against any
      and all losses, claims, damages and liabilities (including without
      limitation reasonable attorney's fees and expenses) caused by any untrue
      statement of a material fact contained in the Registration Statement, any
      other registration statement filed by the ISSUER under the Exchange Act,
      any post-effective amendment to such registration statements, or any
      prospectus included therein required to be filed or furnished by reason of
      this agreement or caused by any omission to state therein a material fact
      required to be stated therein or required to make the statements therein
      not misleading, except insofar as such losses, claims, damages or
      liabilities are caused by any such untrue statement or alleged untrue
      statement or omission or alleged omission based upon information furnished
      or required to be furnished in writing to the ISSUER by the HOLDER; which
      indemnification shall include each person, if any, who controls any such
      HOLDER within the meaning of the Exchange Act and each officer, director,
      employee and agent of such HOLDER.

            (b) The HOLDER shall indemnify the ISSUER and each person, if any,
      who controls the ISSUER within the meaning of Section 15 of the Securities
      Act or Section 20(a) of the Exchange Act, from and against any and all
      losses, claims, damages or liabilities caused by any untrue statement or a
      material fact contained in the Registration Statement, any other
      registration statement filed by the ISSUER under the Act, any
      post-effective amendment to such registration statements, or any
      prospectus included therein required to be filed or furnished by reason of
      this Agreement or caused by any omission or alleged omission to state
      therein a material fact required to be stated therein or necessary to make
      the statements therein not misleading, to the extent and only to the
      extent that such losses, claims, damages or liabilities are caused (i) by
      any such untrue statement or alleged untrue statement or omission or
      alleged omission based upon information furnished or required to be
      furnished in writing to the ISSUER by the HOLDER or (ii) HOLDER'S failure
      to deliver the prospectus or (iii) failure of the HOLDER to sell its
      Securities as per the plan of distribution set forth in the prospectus;
      which indemnification shall include each person, if any, who controls the
      ISSUER within the meaning of the Act and each officer, director, employee
      and agent of the ISSUER; provided, however, that the HOLDER shall only be
      liable for such amounts up to the proceeds received from such HOLDER'S
      sale of Debenture Shares and Interest Shares, if any.

                                       13
<PAGE>

            (c) Promptly after receipt of notice of the commencement of any
      action in respect of which indemnity may be sought against any
      indemnifying party under Section 11 (a) or (b) above, the indemnified
      party will notify the indemnifying party in writing of the commencement
      thereof, and the indemnifying party will, subject to the provisions
      hereinafter stated, assume the defense of such action (including the
      employment of counsel reasonably satisfactory to the indemnified party and
      the payment of expenses) insofar as such action relates to an alleged
      liability in respect of which indemnity may be sought against the
      indemnifying party. After notice from the indemnifying party of its
      election to assume the defense of such claim or action, the indemnifying
      party shall no longer be liable to the indemnified party under this
      Section 11 for any legal or other expenses subsequently incurred by the
      indemnified party in connection with the defense thereof other than
      reasonable causes of investigation; provided, however, that if, in the
      written opinion of counsel to the indemnified party or parties, it is
      advisable for the indemnified party or parties to be represented by
      separate counsel, the indemnified party or parties shall have the right to
      employ a single counsel to represent the indemnified parties who may be
      subject to liability arising out of any claim in respect of which
      indemnity might be sought by the indemnified parties thereof against the
      indemnifying party, in which event the reasonable fees and expenses of
      such separate counsel shall be borne by the indemnifying party. Any party
      against whom indemnification may be sought under this Section 11 shall not
      be liable to indemnify any person that might otherwise be indemnified
      pursuant hereto for any settlement of any action effected without such
      indemnifying party's consent, which consent shall not be unreasonably
      withheld.

            (d) If for any reason the indemnification provided for in this
      Section 11 is held by a court of competent jurisdiction to be unavailable
      to an indemnified part with respect to any loss, claim, damage, liability
      or expense referred to therein, then the indemnifying party, in lieu of
      indemnifying such indemnified party thereunder, shall contribute to the
      amount paid or payable by the indemnified party as a result of such loss,
      claim, damage or liability in such proportion as is appropriate to reflect
      not only the relative benefits received by the indemnified party and the
      indemnifying party, but also the relative fault of the indemnified party
      and the indemnifying party, as well as any other relevant equitable
      considerations.

            12. Security and Subordination. This Debenture shall be secured by a
first priority security interest in all assets of the ISSUER, provided, however,
that this Debenture shall not have any security interest in (x) those assets set
forth on Schedule A attached hereto, (y) accounts receivable factored with third
party institutional financial lenders with assets of $400 million or more and
regularly making such loans in their ordinary course of business ("Institutional
Lender") and (z) assets (including stock) acquired in transactions without the
use of the proceeds of the Offering, but only if such assets are subject to a
security interest granted by the ISSUER to an Institutional Lender providing
debt financing to acquire such assets. Further, the principal and interest on
this Debenture shall be (x) subordinate in right of payment and priority to (i)
the ISSUER'S currently outstanding 10% Subordinated Convertible Promissory Notes
due October, 2003 in the aggregate principal amount of $200,000 and (ii) all
collateralized loans (having no equity features other than securities or equity
of the ISSUER having minimal value as against the value of the

                                       14
<PAGE>

indebtedness and which is incidental to the loan and serves as compensation to
the lender in exchange for making such loan) received from Institutional Lenders
and (y) subordinate in priority of lien with respect to assets securing
indebtedness incurred from non-Institutional Lenders to acquire assets
(including stock) in transactions consummated without the use of the proceeds of
the Offering.

                                        EYECITY.COM, INC.

                                        By:_____________________________________
                                           Mark Levin
                                           President and Chief Executive Officer

                                       15
<PAGE>

                                    EXHIBIT A

                            DEBENTURE CONVERSION FORM
                          To Be Executed by the Holder
                          in Order to Convert Debenture

      The undersigned Holder hereby irrevocably elects to convert the Secured
Convertible Debenture issued to ________________________ (the "Debenture") and
to purchase such Debenture Shares (as defined in the Debenture) of Eyecity.com,
Inc. issuable upon conversion of such Debenture, and requests that certificates
for such securities shall be issued in the name of:

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
(please print or type name and address)

________________________________________________________________________________
(please insert social security or other identifying number)

and be delivered as follows:

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
(please print or type name and address)

________________________________________________________________________________
(please insert social security or other identifying number)

and if such number of Debenture Shares shall not be all securities evidenced by
the Debenture, that a new Debenture for the balance of such securities be
registered in the name of, and delivered to, Holder.

                                        ________________________________________
                                        Signature of Holder

                                       16NO:  ____

                          COMMON STOCK PURCHASE WARRANT

THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT") OR ANY OTHER APPLICABLE STATE SECURITIES LAWS AND
HAS BEEN ISSUED IN RELIANCE UPON REGULATION D PROMULGATED UNDER THE SECURITIES
ACT.

THIS WARRANT MAY NOT BE SOLD, PLEDGED, TRANSFERRED OR ASSIGNED EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND UNDER
APPLICABLE STATE SECURITIES LAWS, OR IN A TRANSACTION WHICH IS EXEMPT FROM
REGISTRATION UNDER THE PROVISIONS OF THE SECURITIES ACT AND UNDER PROVISIONS OF
APPLICABLE STATE SECURITIES LAWS.

COMMON STOCK PURCHASE WARRANT issued this _____ day of ________, 2000 by
EYECITY.COM, INC., a Delaware corporation (the "Company"), in favor of
______________________________________ (the "Holder").

                                   AGREEMENT:

            1. Issuance of Warrant; Term. This Warrant is one of a series of
Warrants being issued by the Company in connection with a private offering of
investment units ("Units") of the Company's securities (the "Offering") pursuant
to the Company's Private Placement Memorandum dated ___________, 2000 (the
"Memorandum"). The Units being offered in the Offering consist of a 10% Secured
Convertible Debenture in the principal amount of $100,000 (the "Debenture") and
the Warrant. The Company hereby grants to Holder the right to purchase [up to
200,000 shares of the Company's common stock (or such lesser or greater
proportionate number of shares if a fractional Unit or more than one Unit is
purchased),] par value $.001 (the "Common Stock"), upon the exercise of this
Warrant (the "Shares"). This Warrant and the Shares are subject to all the
conditions and limitations set forth in the Memorandum and the subscription
documents attached as exhibits to the Memorandum. The Warrant shall be
exercisable at any time and from time to time beginning on the date hereof,
expiring on the day prior to the fifth (5th) anniversary of the date of issuance
hereof ("Expiration Date").

            2. Exercise Price Procedure. Subject to the terms of this Warrant,
the exercise price per share for which all or any of the Shares may be purchased
pursuant to the terms of this Warrant is $1.00 (the "Exercise Price"). This
Warrant may be exercised by the Holder hereof as to all or in increments of one
thousand (1,000) Shares (or the balance of the Shares if less than such number),
upon delivery of written notice of intent to exercise in the form attached
hereto as Exhibit A to the Company at the following address: Eyecity.com, Inc.,
79 Express Street, Plainview, New York 11803, Attention:

                                       1
<PAGE>

Mark Levin, CEO or such other address as the Company shall designate in a
written notice to the Holder hereof, together with this Warrant and a check
payable to the Company for the aggregate Exercise Price, of the Shares so
purchased. Upon exercise of this Warrant as aforesaid, the Company shall, as
promptly as practicable, and in any event within thirty (30) days thereafter,
execute and deliver to the Holder of this Warrant a certificate or certificates
for the total number of whole Shares for which this Warrant is being exercised.
If this Warrant shall be exercised with respect to less than all of the Shares,
the Holder shall be entitled to receive a new Warrant covering the number of
Shares in respect of which this Warrant shall not have been exercised, which new
Warrant shall in all other respects be identical to this Warrant.

            3. Redemption. The Warrants are redeemable by the Company upon
thirty (30) days' written notice to all holders thereof at a price of $.05 per
Warrant, so long as (i) the closing bid price for the Common Stock as reported
by the National Association of Securities' Dealers automated quotation system
for any twenty-two (22) consecutive trading day period within the thirty (30)
day period immediately prior to the date of such notice exceeds $2.00 per share
and (ii) the Shares, as well as the shares into which the Debenture is
convertible (the "Debenture Shares"), the shares issuable upon exercise of the
warrants granted to Connecticut Capital Markets, LLC (the "Placement Agent")
pursuant to the Offering (the "Placement Agent Shares") and the Clawback Shares
(as defined in the Debenture) have been registered for re-sale pursuant to the
Securities Act and are freely tradable without restriction or legend
("Registered"). As used herein, "closing bid price" means, in each case at the
close of trading hours (not including extended trading hours), (i) if the Common
Stock is listed on the New York Stock Exchange ("NYSE") or the American Stock
Exchange ("AMEX"), the last reported sale price or (ii) if the Common Stock is
listed on the Nasdaq National Market System, SmallCap Market or over-the-counter
bulletin board, the closing bid price for the Common Stock as reported by the
Nasdaq National Market System, SmallCap Market or over-the-counter bulletin
board, as applicable, or (iii) if the Common Stock is not listed or admitted for
trading on any national securities exchange and is not reported by NYSE, AMEX,
Nasdaq National Market System, SmallCap Market or over-the-counter bulletin
board, or if the Common Stock is traded in the over-the-counter market but bid
quotations are not published on Nasdaq, the closing bid price for the Common
Stock as furnished by a broker-dealer which regularly furnishes price quotations
for the Common Stock; or (iv) if no such quotations are available, as determined
in good faith by the Board of Directors of the Company.

            4. Covenants and Conditions. The above provisions are subject to the
following:

            (a) Neither this Warrant nor the Shares have been registered under
      the Securities Act or any state securities laws (the "Blue Sky Laws").
      This Warrant has been acquired for investment purposes and not with a view
      to distribution or resale and may not be pledged, hypothecated, sold, made
      subject to a security interest, or otherwise transferred without (i) an
      effective registration statement for such Warrant under the Securities
      Act, or (ii) an opinion of counsel, which opinion of counsel shall be
      reasonably satisfactory to the Company and its counsel, that registration
      is not required under the Securities Act. Transfer of the Shares issued
      upon the exercise of this Warrant shall be restricted in the same manner
      and to the same extent as the Warrant and the certificates representing
      such Shares shall bear substantially the following legend until
      Registered:

                                       2
<PAGE>

            THE SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"),
      OR ANY APPLICABLE STATE SECURITIES LAW AND MAY NOT BE TRANSFERRED UNTIL A
      REGISTRATION STATEMENT UNDER THE ACT OR SUCH APPLICABLE STATE SECURITIES
      LAW SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR IN THE OPINION OF
      COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY, REGISTRATION UNDER THE ACT
      OR SUCH APPLICABLE STATE SECURITIES LAW IS NOT REQUIRED IN CONNECTION WITH
      THE PROPOSED TRANSFER.

            (b) The Company covenants and agrees that all Shares which may be
      issued upon exercise of this Warrant will, upon issuance and payment
      therefor, be legally and validly issued and outstanding, fully paid and
      nonassessable, free from all liens, charges and preemptive rights, if any,
      with respect thereto or to the issuance thereof. The Company shall at all
      times reserve and keep available for issuance upon the exercise of this
      Warrant such number of authorized but unissued shares of Common Stock as
      will be sufficient to permit the exercise in full of this Warrant. The
      Company shall insure that all conversions properly requested by the Holder
      shall be effected by the Company.

            (c) Notwithstanding anything to the contrary contained herein, if at
      any time that any Warrant shall remain outstanding, and until 90 days
      after the Shares are listed for quotation by the Nasdaq National Market or
      Nasdaq SmallCap Market (but not including the NASDAQ Bulletin Board) or
      traded on the New York Stock Exchange, the American Stock Exchange, the
      London Stock Exchange or the Neuer Markt, and actually trading thereon
      ("Listed"), the Company implements a reverse stock split (or multiple
      reverse stock splits in the aggregate) of 1:5 or more, the shares of the
      Common Stock issuable upon exercise of this Warrant, will be adjusted on a
      basis of no greater than 1:5. The provision of this paragraph limiting the
      reverse split shall apply to any cumulative multiple reverse splits should
      they occur.

            5. Adjustment Upon Changes In Stock.

            (a) If the Company shall at any time prior to the exercise or
      termination of this Warrant effect a recapitalization or reclassification
      of such character that the Common Stock shall be changed into or become
      exchangeable for a larger or smaller number of Shares, then, upon the
      effective date thereof, the number of Shares that the Holder of this
      Warrant shall be entitled to purchase upon exercise hereof shall be
      increased or decreased, as the case may be, in direct proportion to the
      increase or decrease in such number of Shares by reason of such
      recapitalization or reclassification, and the Exercise Price of such
      recapitalized or reclassified common stock shall, in the case of an
      increase in the number of shares, be proportionately decreased and, in the
      case of a decrease in the number of shares, be proportionately increased.
      If any adjustment under this Section 5(a) would create a fractional share
      of Common Stock or a right to acquire a fractional share of Common Stock,
      such fractional share shall be disregarded and the number of Shares
      subject to this Warrant shall be the next higher number of shares,
      rounding all fractions upward.

            (b) If all or any portion of this Warrant shall be exercised
      subsequent to

                                       3
<PAGE>

      any merger, consolidation, exchange of shares, separation, reorganization
      or liquidation of the Company or other similar event occurring after the
      date hereof, as a result of which shares of Common Stock shall be changed
      into the same or a different number of shares of the same or another class
      or classes of securities of the Company or another entity, then the Holder
      exercising this Warrant shall receive, from the aggregate price paid upon
      such exercise, the aggregate percentage of the class of shares which such
      Holder would have received if this Warrant had been exercised immediately
      prior to such merger, consolidation, exchange of shares, separation,
      reorganization or liquidation, or other similar event. If any adjustment
      under this Section 5(b) would create a fractional share of Common Stock or
      a right to acquire a fractional share of common stock, such fractional
      share shall be disregarded and the number of Shares subject to this
      Warrant shall be the next higher number of Shares, rounding all fractions
      upward.

            (c) If, prior to the exercise hereof by the Holder, the Company has
      issued, or shall be deemed to have issued, Additional Shares of Common
      Stock (as hereinafter defined) without consideration or for a
      consideration per share less than the Exercise Price ("Pre-Conversion
      Consideration"), then and in such event, the Exercise Price shall be
      adjusted in the manner set forth in this subsection 5(c) as of the date of
      such issuance or deemed issuance, with the date of such adjustment
      referred to herein as the "Adjustment Date".

                  (ii) If the Company has issued, or shall be deemed to have
            issued, Additional Shares of Common Stock (as hereinafter defined)
            without consideration or for a consideration per share less than
            $.50 (as adjusted to reflect stock splits, stock dividends,
            recapitalizations and the like) ("Adjustment Price"), then and in
            such event, the Exercise Price shall be reduced concurrently with
            such issue to a price (calculated to the nearest cent) to an amount
            determined by multiplying the Exercise Price by a fraction:

                        (A) the numerator of which shall be (a) the number of
                  shares of Common Stock outstanding immediately prior to the
                  issuance of Additional Shares of Common Stock, plus (b) the
                  number of shares of Common Stock which could be purchased at
                  the Adjustment Price using the net aggregate consideration
                  received by the Company for the purchase of the total number
                  of such Additional Shares of Common Stock so issued, and

                        (B) the denominator of which shall be (a) the number of
                  shares of Common Stock outstanding immediately prior to the
                  issuance of such Additional Shares of Common Stock, plus (b)
                  the number of Additional Shares of Common Stock so issued.

                  (iii) As used herein:

            "Additional Shares of Common Stock" shall mean all shares of Common
            Stock issued or deemed to be issued (pursuant to the

                                       4
<PAGE>

            following sentence) by the Company after the date hereof; provided,
            however, that, "Additional Shares of Common Stock" shall not include
            (i) the issuance of up to an aggregate of twenty percent (20%) of
            the issued and outstanding Common Stock of the Company, on a fully
            diluted basis, to officers, directors or employees of, or
            consultants to, the Company, pursuant to a stock purchase or option
            plan or other incentive program approved by the Board of Directors,
            or pursuant to an employee's employment agreement with the Company,
            (ii) the Shares, Interest Shares (as defined in that certain
            placement agent agreement between the Company and the Placement
            Agent (the "Placement Agent Agreement"), Clawback Shares (as defined
            in the Placement Agent Agreement), Debenture Shares, Placement Agent
            Shares (as defined in the Placement Agent Agreement), (iii)
            issuances or deemed issuances described in subsections (a) or (b) of
            this Section 5 for which the Holder receives an adjustment pursuant
            thereto, (iv) securities issued to strategic partners, licensees,
            distribution partners, technology or service vendors or content
            providers, provided, however, that any issuances pursuant to this
            clause (iv) do not exceed 2% (without regard to such issuance) of
            the then-issued and outstanding Common Stock in any single, or group
            of related transactions or transactions with one such entity or any
            affiliate thereof, or 10% (without regard to such issuance) of the
            then-issued and outstanding Common Stock in the aggregate. If the
            Company issues any Options or Convertible Securities (as hereinafter
            defined), the maximum number of shares of Common Stock issuable
            thereunder shall be deemed to be Additional Shares of Common Stock
            issued as of the time of such issue, if the consideration per share
            of such Additional Shares of Common Stock is less than the
            Adjustment Price then in effect, until such time as such Options or
            Convertible Securities shall terminate or be exercised or converted
            into Common Stock, upon which time the number of shares of Common
            Stock actually thereupon issued shall be deemed to be Additional
            Shares of Common Stock. Consideration per share of Additional Shares
            of Common Stock shall be determined by adding the consideration
            received upon issuance of the Options or Convertible Securities to
            the maximum possible consideration to be received upon exercise,
            conversion or exchange of such Options or Convertible Securities for
            shares of Common Stock. If any consideration consists of property
            other than cash, the value of such property shall be computed at the
            fair market value at the time of such issuance of Additional Shares
            of Common Stock, as determined in good faith by the Board of
            Directors.

            "Options" shall mean rights, options or warrants to subscribe for,
            purchase or otherwise acquire Common Stock.

            "Convertible Securities" shall mean any evidences of indebtedness,

                                       5
<PAGE>

            shares (other than Common Stock) or other securities directly or
            indirectly convertible into or exchangeable for Common Stock.

            With respect to Options and Convertible Securities, "Consideration"
            per share of Additional Shares of Common Stock shall be determined
            by adding (x) the aggregate consideration received upon issuance of
            the Options or Convertible Securities divided by the number of
            shares receivable upon the exercise or conversion thereof and (y)
            the minimum possible consideration per share received upon the
            exercise, conversion or exchange of such Options or Convertible
            Securities for shares of Common Stock.

            6. Registration. Within sixty (60) days after the date of the final
issuance of Units (the "Final Issuance Date") pursuant to the Offering (the
"Filing Period"), the Company shall use its reasonable best efforts to file a
registration statement ("Registration Statement") registering the Shares for
resale under the Securities Act. The Company further agrees to use its best
efforts to cause such Registration Statement to become effective within 120 days
after the Final Issuance Date ("Effectiveness"). The Company shall pay the
expenses described in Section 8 for the Registration Statement filed pursuant to
this Section 6, except for underwriting discounts and commissions and transfer
taxes, which expenses shall be borne by the Holder.

            7. Registration Procedures. In connection with the Company's
obligations pursuant to Section 6, the Company will:

            (a) cause the Registration Statement to remain effective for a
      period of two (2) years from the later of the date of Effectiveness and
      the date the Shares are Listed; provided, however, that (i) such two year
      period shall be extended for a period of time equal to the period Holder
      refrains from selling any Shares included in such Registration Statement
      at the request of an underwriter of securities of the Company or at the
      request of the Company or the exchange on which the Shares are Listed, and
      (ii) in the case of any registration of the Shares on Form S-3 or
      comparable successor form which are intended to be offered on a continuous
      or delayed basis, such two year period shall be extended, if necessary, to
      keep the Registration Statement effective until all Shares are sold,
      provided that applicable rules and regulations under the Securities Act
      governing the obligation to file a post-effective amendment permit, in
      lieu of filing a post-effective amendment which (x) includes any
      prospectus required by Section 10(a)(3) of the Securities Act or (y)
      reflects facts or events representing a material or fundamental change in
      the information set forth in the Registration Statement, the incorporation
      by reference of information required to be included in (x) and (y) hereof
      to be contained in periodic reports filed pursuant to Section 13 or 15(d)
      of the Securities Exchange Act of 1934, as amended, (the "Exchange Act")
      in the Registration Statement; (the "Effective Period");

            (b) prepare and file with the Securities and Exchange Commission
      (the "Commission") such amendments to such Registration Statement and
      supplements to the prospectus contained therein as may be necessary to
      keep such Registration Statement effective for the Effective Period as may
      be reasonably necessary to effect the sale of such securities;

                                       6
<PAGE>

            (c) furnish to Holder such reasonable number of copies of the
      Registration Statement and final prospectus as Holder may reasonably
      request;

            (d) use its best efforts to register or qualify the Shares covered
      by such Registration Statement under such state securities or Blue Sky
      laws of such jurisdictions as Holder may reasonably request in writing
      within thirty (30) days following the original filing of the Registration
      Statement, except that the Company shall not for any purpose be required
      to execute a general consent to service of process or to qualify to do
      business as a foreign corporation in any jurisdiction wherein it is not so
      qualified;

            (e) Furnish to the Holder, and to the Placement Agent and its legal
      counsel (i) promptly after the same is prepared and publicly distributed,
      filed with the Commission or received by the Holder, one copy of the
      Registration Statement and any amendment thereto, each preliminary
      prospectus and prospectus and each amendment or supplement thereto in both
      electronic and print format, and (ii) such number of copies of a
      prospectus, including a preliminary prospectus, and all amendments and
      supplements thereto, and such other documents as the Holder may reasonably
      request in order to facilitate the disposition of the Shares owned by
      Holder;

            (f) Notify Holder at any time when a prospectus relating thereto is
      required to be delivered under the Securities Act, of the happening of any
      event as a result of which the prospectus included in such Registration
      Statement, as then in effect, includes an untrue statement of a material
      fact or omits to state a material fact required to be stated therein or
      necessary to make the statements therein not misleading or incomplete in
      light of the circumstances then existing, and at the request of Holder,
      prepare and furnish to it a reasonable number of copies of a supplement to
      or an amendment of such prospectus as may be necessary so that, as
      thereafter delivered to Holder, such prospectus shall not include an
      untrue statement of a material fact or omit to state a material fact
      required to be stated therein or necessary to make the statements therein
      not misleading or incomplete in light of the circumstances then existing;

            (g) Use its best efforts to prevent the issuance of any stop order
      or other suspension of effectiveness of a Registration Statement, and, if
      such an order is issued, to obtain the withdrawal of such order at the
      earliest possible moment and to notify Holder (or, in the event of an
      underwritten offering, the managing underwriters) of the issuance of such
      order and the resolution thereof;

            (h) Provide a transfer agent and registrar for all Shares and a
      CUSIP number for all such Shares, in each case not later than the
      Effective Period;

            (i) Make available for inspection by the Holder, any underwriter
      participating in any disposition pursuant to such Registration Statement
      and any attorney or accountant retained by the Holder or underwriter, all
      financial and other records, pertinent corporate documents and properties
      of the Company and cause the Company's

                                       7
<PAGE>

      officers and directors to supply all information reasonably requested by
      the Holder, any underwriter, attorney or accountant in connection with
      such Registration Statement;

            (j) Otherwise use its best efforts to comply with all applicable
      rules and regulations of the Commission, and make available to the Holder,
      as soon as reasonably practicable, an earnings statement covering the
      period of at least twelve (12) months, but not more than eighteen (18)
      months, beginning with the first month after the Effective Period, which
      earnings statement shall satisfy the provisions of Section 11(a) of the
      Securities Act;

            (k) Enter into any underwriting agreement reasonably necessary to
      effect the offer and sale of the Shares, provided such underwriting
      agreement contains customary underwriting provisions and provided,
      further, that if the underwriter so requests, the underwriting agreement
      will contain customary indemnification and contribution provisions; and

            (l) Hold in confidence and not make any disclosure of information
      concerning the Holder provided to the Company unless (i) disclosure of
      such information is necessary to comply with federal or state securities
      laws, (ii) the disclosure of such information is necessary to avoid or
      correct a misstatement or omission in any Registration Statement, (iii)
      the release of such information is ordered pursuant to a subpoena or other
      order from a court or governmental body of competent jurisdiction or (iv)
      such information has been made generally available to the public other
      than by disclosure in violation of this or any other agreement; and, upon
      learning that disclosure of such information concerning the Holder is
      sought in or by a court or governmental body of competent jurisdiction or
      through other means, give prompt notice to the Holder and, at its expense,
      undertake appropriate action to prevent disclosure of, or to obtain a
      protective order for, such information.

            8. Expenses. With respect to the inclusion of the Shares in a
Registration Statement, subject to Section 7(d) hereof, all fees, costs and
expenses of such registration including Blue Sky fees, shall be borne by the
Company; provided, however, that Holder shall be responsible to pay for all
transfer taxes.

            9. Indemnification.

                  (a) The Company shall indemnify the Holder and any underwriter
or person deemed to be an underwriter within the meaning of Section 15 of the
Securities Act or Section 20(a) of the Exchange Act, from and against any and
all losses, claims, damages and liabilities (including without limitation
reasonable attorney's fees and expenses) caused by any untrue statement of a
material fact contained in the Registration Statement, any other registration
statement filed by the Company under the Exchange Act, any post-effective
amendment to such registration statements, or any prospectus included therein
required to be filed or furnished by reason of this agreement or caused by any
omission to state therein a material fact required to be stated therein or
required to make the statements therein not misleading, except insofar as such
losses, claims, damages or liabilities are caused by any such untrue statement
or alleged untrue statement or omission or alleged omission based upon
information furnished or required to be furnished in writing to the Company by
the Holder; which indemnification shall include each person, if any, who

                                       8
<PAGE>

controls any such Holder within the meaning of the Exchange Act and each
officer, director, employee and agent of such Holder.

                  (b) The Holder shall indemnify the Company and each person, if
any, who controls the Company within the meaning of Section 15 of the Securities
Act or Section 20(a) of the Exchange Act, from and against any and all losses,
claims, damages or liabilities caused by any untrue statement or a material fact
contained in the Registration Statement, any other registration statement filed
by the Company under the Act, any post-effective amendment to such registration
statements, or any prospectus included therein required to be filed or furnished
by reason of this Agreement or caused by any omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, to the extent and only to the extent that
such losses, claims, damages or liabilities are caused (i) by any such untrue
statement or alleged untrue statement or omission or alleged omission based upon
information furnished or required to be furnished in writing to the Company by
the Holder or (ii) Holder's failure to deliver the prospectus or (iii) failure
of the Holder to sell its Securities as per the plan of distribution set forth
in the prospectus; which indemnification shall include each person, if any, who
controls the Company within the meaning of the Act and each officer, director,
employee and agent of the Company; provided, however, that the Holder shall only
be liable for such amounts up to the proceeds received from such Holder's sale
of the Shares.

                  (c) Promptly after receipt of notice of the commencement of
any action in respect of which indemnity may be sought against any indemnifying
party under Section 9 (a) or (b) above, the indemnified party will notify the
indemnifying party in writing of the commencement thereof, and the indemnifying
party will, subject to the provisions hereinafter stated, assume the defense of
such action (including the employment of counsel reasonably satisfactory to the
indemnified party and the payment of expenses) insofar as such action relates to
an alleged liability in respect of which indemnity may be sought against the
indemnifying party. After notice from the indemnifying party of its election to
assume the defense of such claim or action, the indemnifying party shall no
longer be liable to the indemnified party under this Section 9 for any legal or
other expenses subsequently incurred by the indemnified party in connection with
the defense thereof other than reasonable causes of investigation; provided,
however, that if, in the written opinion of counsel to the indemnified party or
parties, it is advisable for the indemnified party or parties to be represented
by separate counsel, the indemnified party or parties shall have the right to
employ a single counsel to represent the indemnified parties who may be subject
to liability arising out of any claim in respect of which indemnity might be
sought by the indemnified parties thereof against the indemnifying party, in
which event the reasonable fees and expenses of such separate counsel shall be
borne by the indemnifying party. Any party against whom indemnification may be
sought under this Section 9 shall not be liable to indemnify any person that
might otherwise be indemnified pursuant hereto for any settlement of any action
effected without such indemnifying party's consent, which consent shall not be
unreasonably withheld.

                  (d) If for any reason the indemnification provided for in this
Section 9 is held by a court of competent jurisdiction to be unavailable to an
indemnified part with respect to any loss, claim, damage, liability or expense
referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party thereunder, shall contribute to the amount paid or payable by
the indemnified party as a result of such loss,

                                       9
<PAGE>

claim, damage or liability in such proportion as is appropriate to reflect not
only the relative benefits received by the indemnified party and the
indemnifying party, but also the relative fault of the indemnified party and the
indemnifying party, as well as any other relevant equitable considerations.

            10. Loss, Destruction, Etc. of Warrant. Upon receipt of evidence
satisfactory to the Company of the loss, theft, mutilation or destruction of
this Warrant, and in the case of any such loss, theft or destruction, upon
delivery of a bond of indemnity by the Holder in such form and amount as shall
be reasonably satisfactory to the Company, the Company will make and deliver a
new Warrant, of like tenor, in lieu of such lost, stolen, destroyed or mutilated
Warrant. Any Warrant issued under the provisions of this Section 10 in lieu of
any Warrant alleged to be lost, destroyed or stolen, or in lieu of any mutilated
Warrant, shall constitute an original contractual obligation on the part of the
Company.

            11. Governing Law. This Warrant shall be governed by and construed
in accordance with the laws of the State of New York.

            12. Notices to Warrant Holders. Nothing contained in this Agreement
shall be construed as conferring upon the Holder or Holders the right to vote or
to consent or to receive notice as a shareholder in respect of any meetings of
shareholders for the election of directors or any other matter, or as having any
rights whatsoever as a shareholder of the Company. If, however, at any time
prior to the Expiration Date of the Warrant and its exercise, any of the
following events shall occur:

            (a) the Company shall take a record of the holders of its shares of
      Common Stock for the purpose of entitling them to receive a dividend or
      distribution payable otherwise than in cash, or a cash dividend or
      distribution payable otherwise than out of current or retained earnings,
      as indicated by the accounting treatment of such dividend or distribution
      on the books of the Company; or

            (b) the Company shall offer to all the Holders of its Common Stock
      any additional shares of capital stock of the Company or securities
      convertible into or exchangeable for shares of capital stock of the
      Company, or any option, right or warrant to subscribe therefor; or

            (c) a dissolution, liquidation or winding up of the Company (other
      than in connection with a consolidation or merger) or a sale of all or
      substantially all of its property, assets and business as an entirety
      shall be proposed;

            then, in any one or more of said events, the Company shall give
written notice of such an event to the Holder at least fifteen (15) days prior
to the date fixed as a record date or the date of closing the transfer books for
the determination of the shareholders entitled to such dividend, distribution,
convertible or exchangeable securities or subscription rights, options or
warrants, or entitled to vote on such proposed dissolution, liquidation, winding
up or sale, or at the earliest date permitted to do so by applicable securities
laws, if later. Such notice shall specify such record date or the date of
closing the transfer books, as the case may be. Failure to give such notice or
any defect therein shall not affect the validity of any action taken in
connection with the declaration or payment of any such dividend or distribution,
or the issuance of any convertible or exchangeable securities or subscription

                                       10
<PAGE>

rights, options or warrants, or any proposed dissolution, liquidation, winding
up or sale.

            13. Notices. All notices, requests, consents and other
communications hereunder shall be in writing and shall be deemed to have been
duly made when delivered, or mailed by registered or certified mail, return
receipt requested:

            (a) If to the Holder of the Warrants, to the address of such Holder
      as shown on the books of the Company; or

            (d) If to the Company, to the following address:

                              Eyecity.com, Inc.
                              79 Express Street
                              Plainview, New York 11803
                              Attention:  Mark Levin, CEO
                              Telephone: (516) 822-5000
                              Facsimile: (516) 822-5520

      or to such other address as the Company may designate by notice to the
      Holders.

            14. Supplements and Amendments. The Company and the Holder may from
time to time supplement or amend this Warrant Certificate in order to cure any
ambiguity, to correct or supplement any provision contained herein which may be
defective or inconsistent with any provisions herein, or to make any other
provisions in regard to matters or questions arising hereunder which the parties
hereto may deem necessary or

desirable and which the parties hereto deem not to adversely affect the
interests of the Holder of this Warrant Certificate.

            15. Termination. This Warrant shall terminate on the Expiration Date
or on any earlier date when all Warrants have been exercised; provided, however,
that the provisions of Section 9 shall survive such termination.

      IN WITNESS WHEREOF, the Company has executed this Common Stock Purchase
Warrant as of the date first above written.

Dated: _______________

                                        EYECITY.COM, INC.

                                        By:/s/
                                           _____________________________________
                                           Mark Levin
                                           President and Chief Executive Officer

                                       11
<PAGE>

                              WARRANT EXERCISE FORM

                          To Be Executed by the Holder
                          in Order to Exercise Warrant

      The undersigned Holder hereby irrevocably elects to exercise this Warrant
and to purchase ________ shares of Eyecity.com, Inc.'s Common Stock issuable
upon exercise of such Warrant, and requests that certificates for such
securities shall be issued in the name of:

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
(please print or type name and address)

________________________________________________________________________________
(please insert social security or other identifying number)

and be delivered as follows:

________________________________________________________________________________

________________________________________________________________________________
(please print or type name and address)

________________________________________________________________________________
(please insert social security or other identifying number)

and if such number of shares of Common Stock shall not be all the shares
evidenced by this Warrant, that a new Warrant for the balance of such shares be
registered in the name of, and delivered to, Holder.

                                        ________________________________________
                                        Signature of Holder

                                       12

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