Document:

EXHIBIT 4.3

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

                                CONVERTIBLE NOTE
                                -----------------

     FOR  VALUE  RECEIVED,  GLOBAL  SPORTS  &  ENTERTAINMENT,  INC.,  a Delaware
corporation  (hereinafter  called  the  "BORROWER"),  hereby  promises to pay to
LAURUS  MASTER  FUND, LTD., c/o Ironshore Corporate Services Ltd., P.O. Box 1234
G.T.,  Queensgate House, South Church Street, Grand Cayman, Cayman Islands, Fax:
345-949-9877 (the "HOLDER") or its registered assigns or successors in interest,
on  order,  without  demand,  the  sum  of  Seven Hundred Fifty Thousand Dollars
($750,000),  with  any  accrued  and  unpaid  interest on December 27, 2003 (the
"Maturity  Date").  Capitalized  terms used herein without definition shall have
the  meanings  ascribed  to  such terms in the Purchase Agreement (as defined in
Section  3.1(a)  below).

     The  following  terms  shall  apply  to  this  Note:

                                    ARTICLE I

                           DEFAULT RELATED PROVISIONS

     1.1     Payment  Grace  Period.  The  Borrower  shall  have a seven (7) day
             ----------------------
grace  period to pay any monetary amounts due under this Note, after which grace
period  a  default  interest  rate of five percent (5%) per annum above the then
applicable  interest  rate  hereunder shall apply to the amounts owed hereunder.

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

     1.3     Interest  Rate.   Interest payable on this Note shall accrue at the
             --------------
annual  rate  of thirteen percent (13%) and be payable in arrears commencing one
month  from  the  date  hereof and on the first business day of each consecutive
calendar  month  thereafter, and on the Maturity Date, accelerated or otherwise,
due  and  payable  as  described  below.

<PAGE>
                                   ARTICLE II

                       PAYMENTS OF PRINCIPAL AND INTEREST

     2.1     Monthly  Payments.  Subject  to  the  terms of this Article II, the
             -----------------
Borrower shall repay one-fifteenth of the original principal amount of this Note
(to  the  extent  such  amount  has  not  been converted pursuant to Article III
below),  together  with interest accrued to date on such portion of the original
principal  amount  plus  any  and  all default payments owing under the Purchase
Agreement  but  not  previously  paid  (collectively  the  "MONTHLY AMOUNT"), in
accordance with Section 2.2 below, on the first business day of each consecutive
calendar month (each, a "REPAYMENT DATE"), beginning on the first such day which
occurs  following  ninety  (90)  days from the date hereof.  Notwithstanding the
foregoing,  the  Holder  will  have  the  option  to  delay  the  start  of  the
amortization for up to 120 days from the date hereof and the Monthly Amount will
then  become  one-fourteenth  of  the  original  principal  amount  of the Note.

     2.2     Cash  or  Common  Stock.  Subject to the terms hereof, the Borrower
             -----------------------
has  the  sole  option  to  determine  whether to satisfy payment of the Monthly
Amount  in  full  on  each  Repayment Date either in cash or in shares of Common
Stock,  or  a  combination  of both.  The Borrower shall deliver to the Holder a
written  irrevocable notice in the form of Exhibit B attached hereto electing to
pay  such Monthly Amount in full on such Repayment Date in either cash or Common
Stock,  or  a  combination of both ("REPAYMENT ELECTION NOTICE"). Such Repayment
Election Notice shall be delivered to the Holder at least ten (10) days prior to
the  applicable  Repayment  Date  (the  date  of  such  notice being hereinafter
referred  to  as  the  "NOTICE  DATE"). If such Repayment Election Notice is not
delivered within the prescribed period set forth in the preceding sentence, then
the repayment shall be made in either cash or shares of Common Stock on the same
terms  hereunder  at  the  Holder's  sole  option.  If the Borrower elects or is
required  to repay all or a portion of the Monthly Amount in cash on a Repayment
Date, then on such Repayment Date the Borrower shall pay to the Holder an amount
equal to the Monthly Amount in satisfaction of such obligation.  If the Borrower
repays  all  or  a  portion of the Monthly Amount in shares of Common Stock, the
number  of  such shares to be issued for such Repayment Date shall be the number
determined  by  dividing  (x)  the  portion  of the Monthly Amount to be paid in
shares  of  Common  Stock, by (y) the Conversion Price (as defined herein) as of
such  date.

     2.3     No  Effective  Registration.  Notwithstanding  anything  to  the
             ---------------------------
contrary  herein,  the Borrower shall be prohibited from exercising its right to
repay  the  Monthly  Amount  in shares of Common Stock (and must deliver cash in
respect thereof) on the applicable Repayment Date if at any time from the Notice
Date until the time at which the Holder receive such shares there fails to exist
an  effective  registration statement or an Event of Default hereunder exists or
occurs,  unless otherwise waived in writing by the Holder in whole or in part at
the  Holder's  option.

                                        2
<PAGE>
     2.4     Deemed  Conversions.  Any repayment of the Monthly Amount in shares
             -------------------
of  Common  Stock  pursuant to the terms hereof shall constitute and be deemed a
conversion  of  such portion of the applicable principal amount of this Note for
all  purposes  under  this  Note and the Purchase Agreement (except as otherwise
provided  herein).

                                  ARTICLE III
                                CONVERSION RIGHTS

     3.1.     Conversion  into  the  Borrower's  Common  Stock.
              ------------------------------------------------

     (a)     Subject  to  the  provisions set forth above, the Holder shall have
the  right,  but not the obligation, from and after the date hereof, and then at
any time until this Note is fully paid, to convert the principal portion of this
Note and/or interest due and payable into fully paid and nonassessable shares of
common  stock  of  the  Borrower as such stock exists on the date of issuance of
this  Note, or any shares of capital stock of the Borrower into which such stock
shall  hereafter  be  changed  or reclassified (the "COMMON STOCK") at the fixed
conversion  price  of  $.80  subject to adjustment as provided in Section 3.1(c)
hereof  (the  "FIXED  CONVERSION  PRICE").

     Upon  delivery  to  the  Borrower of a Notice of Conversion as described in
Section 8 of the Securities Purchase Agreement entered into between the Borrower
and  the Holder relating to this Note (the "PURCHASE AGREEMENT") of the Holder's
written  request  for  conversion  (the date of giving such notice of conversion
being  a  "CONVERSION DATE"), the Borrower shall issue and deliver to the Holder
within  three  business  days  from the Conversion Date that number of shares of
Common  Stock  for  the  portion  of  the  Note converted in accordance with the
foregoing.  The  number  of  shares  of  Common  Stock  to  be  issued upon each
conversion  of  this  Note  shall  be determined by dividing that portion of the
principal  of  the  Note  to  be  converted  and  interest, if any, by the Fixed
Conversion  Price  as of the Conversion Date. In the event of any conversions of
outstanding  principal  amount  under this Note in part pursuant to this Article
III,  such  conversions shall be deemed to constitute conversions of outstanding
principal  amount  applying  to  Monthly  Amounts  for  the  Repayment  Dates in
chronological order. By way of example, if the original principal amount of this
Note  is  $750,000  and the Holder converted $100,000 of such original principal
amount  prior  to the first Repayment Date, then (1) the principal amount of the
Monthly Amount due on the first Repayment Date would equal $0, (2) the principal
amount of the Monthly Amount due on the second Repayment Date would equal $0 and
(3)  the  principal  amount  of  the Monthly Amount due on each of the remaining
Repayment  Dates  would  be  $50,000.

     (b)  In  the  event  the  Borrower  has  elected to make any payment of the
Monthly  Amount in shares of Common Stock, the conversion price (the "CONVERSION
PRICE")  shall be equal to the lesser of (i) the Fixed Conversion Price and (ii)
80% of the average of the three (3) lowest closing prices of the Common Stock on
the  Principal  Market  (as  defined  herein)  for  the  30  trading  day period
immediately  preceding  the  Repayment  Date.

                                        3
<PAGE>
     If  an  Event  of Default has occurred and be continuing hereunder then the
Conversion  Price shall be equal to the lower of (i) the Fixed Conversion Price;
or  (ii) seventy percent (70%) of the average of the three lowest closing prices
for  the  Common Stock on the Principal Market, for the thirty (30) trading days
prior  to  but  not including the Conversion Date.  The "Principal Market" shall
include  the  NASD  OTC  Bulletin Board, NASDAQ SmallCap Market, NASDAQ National
Market System, American Stock Exchange, or New York Stock Exchange (whichever of
the  foregoing  is  at the time the principal trading exchange or market for the
Common Stock, or any securities exchange or other securities market on which the
Common  Stock  is  then  being  listed  or  traded.

     (c)     The  Fixed  Conversion Price and number and kind of shares or other
securities  to  be  issued upon conversion determined pursuant to Section 3.1(a)
and  3.1(b), shall be subject to adjustment from time to time upon the happening
of  certain  events while this conversion right remains outstanding, as follows:

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

     B.     Reclassification,  etc.  If  the  Borrower  at  any  time  shall, by
reclassification  or  otherwise,  change  the  Common  Stock  into the same or a
different  number  of  securities  of any class or classes, this Note, as to the
unpaid  principal portion thereof and accrued interest thereon, shall thereafter
be  deemed  to  evidence  the  right  to  purchase  an  adjusted  number of such
securities  and  kind of securities as would have been issuable as the result of
such  change with respect to the number of shares of Common Stock into which the
Note  would  have been convertible immediately prior to such reclassification or
other  change at the Fixed Conversion Price or the Conversion Price, as the case
may  be,  as  of  the  effective  date  for  such  reclassification  or  change.

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

                                        4
<PAGE>
     D.     Share  Issuance.  Subject  to the provisions of this Section, if the
Borrower  at  any  time  shall  issue  any  shares  of Common Stock prior to the
conversion  of  the  entire principal amount of the Note (otherwise than as: (i)
provided in Sections 3.1(c)A, 3.1(c)B or 3.1(c)C or this subparagraph D; or (ii)
pursuant  to  warrants  or  options  that may be granted in the future under any
option plan of the Borrower, or any employment agreement, joint venture, credit,
leasing  or  other  financing  agreement  or  any other strategic arrangement or
consulting  share  issuance, in each case now or hereinafter entered into by the
Borrower  or  any  existing  rights, options or warrants referred to on Schedule
4.3(b) to the Purchase Agreement or (iii) pursuant to any agreement entered into
by  the  Company  or  any  of  its  subsidiaries  for the acquisition of another
business  (whether  by  stock  purchase or asset purchase, merger or otherwise);
((i),  (ii) and (iii) above, are hereinafter referred to as the "EXISTING OPTION
OBLIGATIONS"))  for  a  consideration  less than the Fixed Conversion Price that
would  be in effect at the time of such issue, then, and thereafter successively
upon  each  such  issue,  the Fixed Conversion Price shall be reduced to the per
share purchase price of such issue of additional shares of Common Stock.  Except
for  the  Existing  Option  Obligations  for  purposes  of  this adjustment, the
issuance  of  any  security  of the Borrower carrying the right to convert, on a
basis  less than the Fixed Conversion Price, such security into shares of Common
Stock  or  of any warrant, right or option to purchase Common Stock shall result
in  an  adjustment  to the Fixed Conversion Price upon the issuance of shares of
Common  Stock  upon  exercise  of  such  conversion  or  purchase  rights.

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

     3.2     Method  of Conversion.  This Note may be converted by the Holder in
             ---------------------
whole  or  in  part  as  described  in  Section  3.1(a)  hereof and the Purchase
Agreement.  Upon partial conversion of this Note, a new Note containing the same
date  and provisions of this Note shall, at the request of the Holder, be issued
by  the  Borrower  to  the  Holder  for  the  principal balance of this Note and
interest  which  shall  not  have  been  converted  or  paid.

                                   ARTICLE IV
                                EVENT OF DEFAULT
                                        5
<PAGE>
     If  an  Event  of Default occurs and is continuing, the Holder may make all
sums  of principal, interest and other fees then remaining unpaid hereon and all
other amounts payable hereunder immediately due and payable, all without demand,
presentment or notice all of which hereby are expressly waived.  In the event of
such  an  acceleration,  the amount due and owing to the Holder shall be 130% of
the  outstanding  principal amount of the Note (plus accrued and unpaid interest
and fees, if any).  The occurrence of any of the following events is an Event of
Default  ("EVENT  OF  DEFAULT"):

     4.1   Failure to Pay Principal, Interest or other Fees. Subject to the
           -------------------------------------------------
Grace  Period  in  Section  1.3,  the  Borrower  fails to pay any installment of
principal,  interest or other fees hereon or on any other promissory note issued
pursuant  to  the  Purchase  Agreement  and this Note, when due and such failure
continues  for  a  period  of  fifteen (15) days after the last day of the Grace
Period.

     4.2     Breach of Covenant.  The Borrower breaches any material covenant or
             ------------------
other  term  or condition of this Note or the Purchase Agreement in any material
respect  and  such breach, if subject to cure, continues for a period of fifteen
(15)  days  after  written  notice  to  the  Borrower  from  the  Holder.

     4.3     Breach  of  Representations  and  Warranties.  Any  material
             --------------------------------------------
representation  or  warranty  of  the  Borrower  made  herein,  in  the Purchase
Agreement,  or  in  any  agreement,  statement  or  certificate given in writing
pursuant  hereto  or  in  connection  therewith shall be false or misleading and
shall not be cured for a period of twenty (20) days after written notice thereof
is  received  by  the  Borrower  from  the  Holder.

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

     4.5     Judgments.  Any money judgment, writ or similar final process shall
             ---------
be  entered or filed against the Borrower or any of its property or other assets
for  more  than $250,000, and shall remain unvacated, unbonded or unstayed for a
period  of  ninety  (90)  days.

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

     4.7     Stop  Trade.  An  SEC  stop trade order or Principal Market trading
             -----------
suspension  of the Common Stock for 5 consecutive days or 5 days during a period
of  10  consecutive  days, excluding in all cases a suspension of all trading on
the  Principal  Market,  provided  that the Borrower shall not have been able to
cure  such  trading  suspension within 30 days of the notice thereof or list the
Common  Stock  on  another  Principal  Market  within  60  days  of such notice.
                                        6
<PAGE>

4.8     Failure  to  Deliver  Common  Stock or Replacement Note.  The Borrower's
        -------------------------------------------------------
failure to timely deliver Common Stock to the Holder pursuant to and in the form
required  by this Note and Section 8 of the Purchase Agreement, or if required a
replacement  Note.

                                    ARTICLE V
                                  MISCELLANEOUS

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

     5.2     Notices.  Any notice herein required or permitted to be given shall
             -------
be in writing and shall be deemed effectively given:  (a) upon personal delivery
to  the  party  notified,  (b) when sent by confirmed telex or facsimile if sent
during normal business hours of the recipient, if not, then on the next business
day,  (c)  five  days  after  having  been sent by registered or certified mail,
return  receipt  requested, postage prepaid, or (d) one day after deposit with a
nationally  recognized  overnight  courier,  specifying  next day delivery, with
written  verification  of  receipt.  All  communications  shall  be  sent to the
Borrower  at  the  address  as  set  forth on the signature page to the Purchase
Agreement  executed in connection herewith, and to the Holder at the address set
forth  on  the  signature page to the Purchase Agreement for such Holder, with a
copy  to  Daniel M. Laifer, Esq., 152 West 57th Street, 4th Floor, New York, New
York  10019,  facsimile  number  (212) 541-4434, or at such other address as the
Borrower  or  the Holder may designate by ten days advance written notice to the
other parties hereto.  A Notice of Conversion shall be deemed given when made to
the  Borrower  pursuant  to  the  Purchase  Agreement.

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

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

                                        7
<PAGE>

5.5  Governing Law. This Note  shall  be  governed  by  and  construed  in
    --------------
accordance  with the laws of the State of New York, without regard to principles
of  conflicts  of  laws.  Any  action  brought by either party against the other
concerning the transactions contemplated by this Agreement shall be brought only
in the state courts of New York or in the federal courts located in the state of
New  York.  Both  parties  and the individual signing this Note on behalf of the
Borrower  agree  to  submit  to the jurisdiction of such courts.  The prevailing
party  shall  be  entitled  to  recover  from  the  other  party  its reasonable
attorney's  fees  and  costs.  In  the  event that any provision of this Note is
invalid  or unenforceable under any applicable statute or rule of law, then such
provision  shall  be  deemed  inoperative  to  the  extent  that it may conflict
therewith  and  shall be deemed modified to conform with such statute or rule of
law.  Any  such provision which may prove invalid or unenforceable under any law
shall not affect the validity or unenforceability of any other provision of this
Note.

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

5.7     Security  Interest.  The holder of this Note has been granted a security
        ------------------
interest  in  certain  assets of the Borrower more fully described in a Security
Agreement.

5.8     Construction.  Each  party  acknowledges  that  its  legal  counsel
        ------------
participated in the preparation of this Note and, therefore, stipulates that the
rule  of  construction  that ambiguities are to be resolved against the drafting
party shall not be applied in the interpretation of this Note to favor any party
against  the  other.

                                        8
<PAGE>

IN  WITNESS WHEREOF, each Borrower has caused this Note to be signed in its name
effective  as  of  this  ___  day  of  June,  2002.

                            GLOBAL  SPORTS  &  ENTERTAINMENT,  INC.

                             By:________________________________

WITNESS:

_______________________________

                                        9

<PAGE>
                              NOTICE OF CONVERSION
                             ----------------------

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

     The  undersigned  hereby  elects to convert $_________ of the principal and
$_________  of  the  interest  due  on  the  Note  issued  by  GLOBAL  SPORTS  &
ENTERTAINMENT,  INC.  on  June  27,  2002  into Shares of Common Stock of GLOBAL
SPORTS  &  ENTERTAINMENT,  INC.  (the "Company") according to the conditions set
forth  in  such  Note,  as  of  the  date  written  below.

Date  of
Conversion:____________________________________________________________________

Conversion
Price:_________________________________________________________________________

Shares  To  Be
Delivered:_____________________________________________________________________

Signatures
_______________________________________________________________________________

Print
Name:__________________________________________________________________________

Address
_______________________________________________________________________________

_______________________________________________________________________________

                                       10
<PAGE>

                                    EXHIBIT B

                        FORM OF REPAYMENT ELECTION NOTICE

To:      [HOLDER  AT  HOLDER'S  ADDRESS]

     Pursuant  to Section 2.2 of the Note of Global Sports & Entertainment, Inc.
issued  on  June __, 2002, we hereby notify you that we are irrevocably electing
to  repay  the  outstanding  Monthly  Amount (as defined in the Note) due on the
Repayment  Date  (as  defined  in  the Note) which occurs on ______, 20__ (CHECK
ONE):

         _____    In  full  in  cash  on  such  Repayment  Date.

         _____    In  full  in shares of the Company's Common Stock within three
(3)  trading  days  following  such  Repayment  Date.

     _____     In  part in cash in the amount of $______ on such Repayment Date,
and  in  part  in  shares of the Company's Common Stock (in the amount of ______
shares)  within  three  (3)  trading  days  following  such  Repayment  Date.

                                           Global  Sports  & Entertainment, Inc.

                                          By:
                                           -----------------------------------
                                          Name:
                                          Title:

                                       11EXHIBIT 4.4
                                                                     -----------

THE  WARRANTS REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES  ACT  OF  1933, AS AMENDED (THE "SECURITIES ACT").  THE WARRANTS HAVE
BEEN  ACQUIRED  FOR  INVESTMENT  AND  MAY  NOT BE SOLD, TRANSFERRED, ASSIGNED OR
OTHERWISE  DISPOSED  OF  IN  THE ABSENCE OF A CURRENT AND EFFECTIVE REGISTRATION
STATEMENT  UNDER THE SECURITIES ACT WITH RESPECT TO SUCH WARRANTS, OR AN OPINION
OF  THE  ISSUER'S  COUNSEL TO THE EFFECT THAT REGISTRATION IS NOT REQUIRED UNDER
THE  SECURITIES  ACT.

                                     FORM OF
                          COMMON STOCK PURCHASE WARRANT
                          -----------------------------

            For the Purchase of up to 000,000 Shares of Common Stock,
                                $.0001 Par Value
                                       of
                       GLOBAL SPORTS & ENTERTAINMENT, INC.
                            (a Delaware Corporation)

          THIS  CERTIFIES  THAT,  for  value  received, xxxxxxxxxxxxxxxxxxx (the
"HOLDERS"),  as  registered owner of this Warrant, is entitled to at any time or
from  time  to  time  before  5:00  p.m.,  Nevada  time, on August 31, 2004 (the
"EXPIRATION TIME") but not thereafter, to subscribe for, purchase and receive up
to  000,000  fully  paid and nonassessable shares of the $.0001 par value common
stock  (the  "COMMON STOCK"), of GLOBAL SPORTS & ENTERTAINMENT, INC., a Delaware
corporation  (the "COMPANY").  The exercise price for such number of shares will
be $1.25 per share.  The number of shares of Common Stock deliverable hereunder,
and  the  price to be paid for a share of Common Stock may be adjusted from time
to  time  as  hereinafter  set  forth.  The  shares  of Common Stock deliverable
hereunder,  as adjusted from time to time, are hereinafter sometimes referred to
as  "WARRANT STOCK." The exercise price of a share of Warrant Stock in effect at
any  time,  and as adjusted from time to time, is hereinafter sometimes referred
to  as  the  "EXERCISE  PRICE."

     This  Warrant  is  part  of  a  Unit  issued  by  the Company pursuant to a
Subscription Agreement between the Holder and the Company in connection with its
Confidential  Private  Placement  Memorandum,  dated  April  19,  2002.

1.     Exercise  of  Warrant.  This Warrant may be exercised in whole or part at
       ---------------------
any  time and from time to time prior to the Expiration Time by presentation and
surrender  of  this Warrant and payment by cashier's check of the Exercise Price
for  such  shares of Warrant Stock to the Company at the principal office of the
Company.  If  the subscription rights represented hereby are not exercised at or
before the Expiration Time, this Warrant will become and be void without further
force  or  effect, and all rights represented hereby will cease and expire.
This  Warrant  may be exercised in accordance with its terms in whole or in part
(payment  of  a  portion  of  the Exercise Price will proportionately reduce the
number  of  shares to be issued to the Holder).  In the event of the exercise in
part only, the Company will cause to be delivered to the Holder a new Warrant of
like tenor to this Warrant in the name of the Holder evidencing the right of the
Holder  to  purchase  the  number  of  shares  of  the Warrant Stock purchasable
hereunder  as  to  which  this  Warrant  has  not  been  exercised  or assigned.

2.     Right  of Repurchase.  The Company may redeem some or all of this Warrant
       --------------------
at  a  call  price  of  $.01  per Warrant upon 30 days written notice if (i) the
Common  Stock  is  listed  for  trading on any U.S. exchange, (ii) the last sale
price of the Common Stock on any U.S. exchange has equaled or exceeded $4.00 (as
adjusted from stock splits, combinations and similar recapitalizations) for
20 consecutive trading days, and (iii) the shares of Common Stock underlying the
Warrants  are available for immediate resale under Rule 144 under the Securities
Act  or  the  Company  has  filed  and  achieved effectiveness of a registration
statement with the United Stated Securities and Exchange Commission for purposes
of  registering the resale of the shares of Common Stock underlying the Warrant.

<PAGE>

3.     Rights  of  the  Holder.  Holder  will not be entitled to vote or receive
       -----------------------
dividends or be deemed the holder of Common Stock or any other securities of the
Company  that  may  at  any time be issuable on the exercise hereof for any
purpose,  nor  will  anything  contained  herein be construed to confer upon the
Holder  of  this  Warrant,  as  such,  any of the rights of a shareholder of the
Company  or  any right to vote for the election of directors or upon any matters
submitted to shareholders at any meeting thereof, or to give or withhold consent
to  any  corporate  action  (whether  upon any recapitalization, issue of stock,
reclassification  of  stock,  change  of  par value or change of stock to no par
value,  consolidation, merger, conveyance, or otherwise) or to receive dividends
or  subscription  rights  or otherwise until this Warrant has been exercised and
the  Warrant  Stock  issuable upon the exercise hereof has become deliverable as
provided  herein.

4.     Adjustments  to  Exercise  Price  and  Number  of  Shares.
       ---------------------------------------------------------

(a)     Adjustment  for  Reclassifications.  If at any time or from time to time
        ----------------------------------
after  the  issue  date  the  holders of the Common Stock of the Company (or any
shares  of stock or other securities at the time receivable upon the exercise of
this  Warrant)  have  received,  or,  on  or after the record date fixed for the
determination of eligible stockholders, have become entitled to receive, without
payment  therefore,  other  or  additional  stock  or  other  securities or
property  (including  cash)  by  way  of stock-split, spinoff, reclassification,
combination of shares or similar corporate rearrangement (exclusive of any stock
dividend  of  its or any subsidiary's capital stock), then and in each such case
the  Holder  of this Warrant, upon the exercise hereof as provided in Section 1,
will  be  entitled  to  receive  the  amount  of  stock and other securities and
property  which  such  Holder  would hold on the date of such exercise if on the
issue  date  he  had been the holder of record of the number of shares of Common
Stock  of the Company called for on the face of this Warrant and had thereafter,
during  the  period  from  the  issue  date,  to  and including the date of such
exercise,  retained  such  shares and/or all other or additional stock and other
securities  and  property  receivable  by  him  as aforesaid during such period,
giving effect to all adjustments called for during such period.  In the event of
any  such  adjustment,  the  Exercise  Price  will  be adjusted proportionately.

(b)     Adjustment  for  Reorganization, Consolidation, Merger.  In the event of
        ------------------------------------------------------
any  reorganization  of the Company (or any other corporation the stock or other
securities  of which are at the time receivable on the exercise of this Warrant)
after  the  issue  date,  or  in case, after such date, the Company (or any such
other  corporation)  consolidates  or merges with another corporation (including
any merger in which the Company is the survivor) or conveys all or substantially
all  of  its  assets to another corporation, then and in each such case the
Holder of this Warrant, upon the exercise hereof as provided in Section 1 at any
time  after  the  consummation  of such reorganization, consolidation, merger or
conveyance,  will  be  entitled  to  receive,  in  lieu  of  the  stock or other
securities  and  property  receivable upon the exercise of this Warrant prior to
such  consummation,  the  stock  or  other  securities or property to which such
Holder would be entitled had the Holder exercised this Warrant immediately prior
thereto,  all  subject  to  further  adjustment as provided herein; in each such
case,  the  terms  of  this Warrant will be applicable to the shares of stock or
other  securities or property receivable upon the exercise of this Warrant after
such  consummation.

5.     Transfer  to  Comply  with  the  Securities  Act  of  1933.
       ----------------------------------------------------------

(a)     This  Warrant  and  the  Warrant  Stock  or any other security issued or
issuable upon exercise of this Warrant may not be sold, transferred or otherwise
disposed  of  except  to  a  person  who, in the opinion of counsel for the
Company,  is  a person to whom this Warrant or such Warrant Stock may legally be
transferred  without  registration  and  without  the  delivery  of  a  current
prospectus  under  the Securities Act with respect thereto and then only against
receipt  of  an  agreement  of such person to comply with the provisions of this
Section  5  with  respect to any resale or other disposition of such securities.

<PAGE>

(b)     The  Company  may  cause  the  following  legend to be set forth on each
certificate  representing Warrant Stock or any other security issued or issuable
upon  exercise of this Warrant, unless counsel for the Company is of the opinion
as  to  any  such  certificate  that  such  legend  is  unnecessary:

          THE  SECURITIES  REPRESENTED  BY  THIS  CERTIFICATE  HAVE  NOT  BEEN
          REGISTERED  UNDER  THE  SECURITIES  ACT  OF  1933,  AS  AMENDED  (THE
          "SECURITIES  ACT").  THE  SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT
          AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR OTHERWISE DISPOSED OF IN
          THE  ABSENCE  OF  A CURRENT AND EFFECTIVE REGISTRATION STATEMENT UNDER
          THE  SECURITIES  ACT WITH RESPECT TO SUCH SECURITIES, OR AN OPINION OF
          THE  ISSUER'S  COUNSEL TO THE EFFECT THAT REGISTRATION IS NOT REQUIRED
          UNDER  THE  SECURITIES  ACT.

6.     Registration Rights.  The Holder is entitled to "piggy-back" registration
       -------------------
     rights with respect to the shares of Common Stock issuable upon exercise of
this  Warrant  as  provided in the Subscription Agreement between the Holder and
the  Company  relating  to  the  purchase of the Unit of this which Warrant is a
part.

7.     Reservation  of  Common  Stock,  Etc.  There  will  be  reserved, and the
       ------------------------------------
Company  will  at  all  times  keep reserved, out of the authorized and unissued
shares  of  Common  Stock,  a  number  of  shares  sufficient to provide for the
exercise  of  this  Warrant.

8.     Converted Warrant. At its option, the Holder may request pursuant to this
       -----------------
Section  8  that  the  Company exchange the Warrant or any portion thereof for a
particular number of Warrant Shares by delivering to the Holder, without payment
by  the  Holder  of  the  exercise  price  per  share  of  any  cash  or  other
consideration,  that  number  of  shares  of  Common Stock equal to the quotient
obtained  by  dividing  the  Net Value (as hereinafter defined) of the number of
Warrant  Shares  with  respect  to  which  the  Warrant  is being exercised (the
"CONVERTED  WARRANT  SHARES")  by  the  Fair  Market Value (as determined (i) by
reference  to  the average of the last sales price, or bid price if there was no
sale,  for  the  20  most  recent  trading  days if the Common Stock is publicly
traded  or  (ii)  by  the  Board of Directors acting in good faith if the Common
Stock  is  not publicly traded) of a single share of Common Stock, determined in
each  case  as  of the close of business on the date of exercise of the Warrant.
The  "Net  Value"  of  the  Converted  Warrant  Shares  will  be  determined  by
subtracting  the  aggregate  exercise price (per share) of the Converted Warrant
Shares from the aggregate Fair Market Value of the Converted Warrant Shares. All
other provisions of the Warrants will apply to any such exchange of the Warrants
pursuant  to  the  terms  of  this  Section  8.

     IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its
duly  authorized  officer  on  this  day  of  _____________,  2002.

                                             GLOBAL SPORTS & ENTERTAINMENT, INC.

                                               ____________________________
                                             By:  Douglas  R.  Miller,  its
                                                  President

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