Document:

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                                                                     Exhibit 4.5

THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS
WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND MAY NOT
BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF
REGISTRATION UNDER, OR THE AVAILABILITY OF AN EXEMPTION FROM REGISTRATION UNDER
THE SECURITIES ACT OF 1933.

                              WORLDWIDE DATA, INC.

               Warrant for the Purchase of Shares of common Stock

  September 27, 1999                                             25,000
  ------------------                                             ------
  Date                                                           No. of warrants

FOR VALUE RECEIVED, Worldwide Data, Inc. (Company), hereby certifies that
Generation Capital Associates, or an assign thereof, is entitled to purchase
from the Company, at any time or from time to time commencing on the date hereof
and prior to 5:00 P.M., Eastern Time, on the fifth anniversary of the date
hereof 25,000 fully paid and nonassessable shares of the common stock, of the
Company for an aggregate purchase price of $62,500 (computed on the basis of
$2.50 per share subject to adjustment). (Hereinafter, (i) said common stock,
together with any other equity securities which may be issued by the Company
with respect thereto or in substitution therefor, is referred to as the "Common
Stock," (ii) the shares of the Common Stock purchasable hereunder are referred
to as the "GCA Warrants Shares," (iii) the aggregate purchase price payable
hereunder for the GCA Warrants Shares is referred to as the "Aggregate Warrant
Price," (iv) the price payable hereunder for each of the GCA Warrants Shares is
referred to as the "Per Share Warrant Price," (v) this Warrant and all warrants
hereafter issued in exchange or substitution for this Warrant are referred to as
the "GCA Warrants" and (vi) the holder of this Warrant is referred to as the
"Holder" or "Holder(s)." The Aggregate Warrant Price, number of GCA Warrants and
the Per Share Warrant Price are subject to adjustment as hereinafter provided.
The GCA Warrants are issued pursuant to the September 20, 1999 Worldwide Data,
Inc. Financing Terms Agreement (Financing Agreement). THE TERMS OF THE FINANCING
AGREEMENT ARE INCORPORATED HEREIN BY REFERENCE.

1.    Exercise of Warrant.

      a) Exercise for Cash

      This Warrant may be exercised, in whole at any time or in part from time
      to time, commencing on the date hereof and prior to 5:00 P.M., New York
      City time, on the fifth anniversary of the date hereof, by the Holder by
      the surrender of this Warrant (with the
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      subscription form at the end hereof duly executed) at the address of the
      Escrow Agent set forth in Subsection 9(a) hereof, together with proper
      payment of the Aggregate Warrant Price, or the proportionate part thereof
      if this Warrant is exercised in part. Payment for GCA Warrants Shares
      shall be made by FedWire, certified or official bank check payable to the
      order of the Company and delivered to the Escrow Agent. If this Warrant is
      exercised in part, this Warrant must be exercised for a number of whole
      shares of the Common Stock, and the Holder is entitled to receive a new
      Warrant covering the GCA Warrants Shares which have not been exercised and
      setting forth the proportionate part of the Aggregate Warrant Price
      applicable to such GCA Warrants Shares. Upon such surrender of this
      Warrant the Company will (a) issue a certificate or certificates in the
      name of the Holder for the largest number of whole shares of the Common
      Stock to which the Holder shall be entitled and, if this Warrant is
      exercised in whole, in lieu of any fractional share of the Common Stock to
      which the Holder shall be entitled, pay to the Holder cash in an amount
      equal to the fair value of such fractional share (determined in such
      reasonable manner as the Board of Directors of the Company shall
      determine), and (b) deliver the other securities and properties receivable
      upon the exercise of this Warrant, or the proportionate part thereof if
      this Warrant is exercised in part. pursuant to the provisions of this
      Warrant.

      b) Cashless Exercise

      In lieu of exercising this Warrant in the manner set forth in paragraph
      1(a) above, the Warrant may be fully or partially exercised by surrender
      of the Warrant to the Escrow Agent without payment of any other
      consideration, commission or remuneration, by execution of the cashless
      exercise subscription form (at the end hereof, duly executed). The number
      of shares to be issued in exchange for the Warrant will be computed by
      subtracting the Warrant Exercise Price from the closing bid price of the
      common stock on the date of receipt of the cashless exercise subscription
      form, multiplying that amount by the number of shares being exercised
      pursuant to the Warrant, and dividing by the closing bid price as of the
      same date.

2.    Reservation of GCA Warrants Shares.

      The Company agrees that, prior to the expiration of this Warrant, the
      Company will at all times have authorized and in reserve, or held in
      escrow, and will keep available, solely for issuance or delivery upon the
      exercise of this Warrant, the shares of the Common Stock and other
      securities and properties as from time to time shall be receivable upon
      the exercise of this Warrant, free and clear of all restrictions on sale
      or transfer (except for applicable state or federal securities law
      restrictions) and free and clear of all pre-emptive rights.

3.    Protection Against Dilution.

      a)    If, at any time or from time to time after the date of this Warrant,
            the Company shall issue or distribute (for no consideration) to the
            holders of shares of Common Stock evidences of its indebtedness, any
            other securities of the Company or any cash,

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            property or other assets (excluding a subdivision, combination or
            reclassification, or dividend or distribution payable in shares of
            Common Stock, referred to in Subsections 3(b) and 3(c), and also
            excluding cash dividends or cash distributions paid out of net
            profits legally available therefor if the full amount thereof,
            together with the value of other dividends and distributions made
            substantially concurrently therewith or pursuant to a plan which
            includes payment thereof, is equivalent to not more than 5% of the
            Company's net worth) (any such nonexcluded event being herein called
            a "Special Dividend"), the Per Share Warrant Price shall be adjusted
            by multiplying the Per Share Warrant Price then in effect by a
            fraction, the numerator of which shall be the then current market
            price of the Common Stock (defined as the average for the twenty
            consecutive trading days immediately prior to the record date of the
            daily closing bid price of the Common Stock as reported by the
            NASDAQ level III less the fair market value (as determined
            reasonably determined in good faith by the Company's Board of
            Directors) of the evidences of indebtedness, securities or property,
            or other assets issued or distributed in such Special Dividend
            applicable to one share of Common Stock and the denominator of which
            shall be such then current market price per share of Common Stock.
            An adjustment made pursuant to this Subsection 3(a) shall become
            effective immediately after the record date of any such Special
            Dividend.

      b)    In case the Company shall hereafter (i) pay a dividend or make a
            distribution on its capital stock in shares of Common Stock, (ii)
            subdivide its outstanding shares of Common Stock into a greater
            number of shares, or (iii) issue by reclassification of its Common
            Stock any shares of capital stock of the Company, the Per Share
            Warrant Price shall be adjusted so that the Holder of any Warrant
            upon the exercise hereof shall be entitled to receive the number of
            shares of Common Stock or other capital stock of the Company which
            he would have owned immediately prior thereto. An adjustment made
            pursuant to this Subsection 3(b) shall become effective immediately
            after the record date in the case of a dividend or distribution and
            shall become effective immediately after the effective date in the
            case of a subdivision, combination or reclassification. If, as a
            result of an adjustment made pursuant to this Subsection 3(b), the
            Holder of any Warrant thereafter surrendered for exercise shall
            become entitled to receive shares of two or more classes of capital
            stock or shares of Common Stock and other capital stock of the
            Company, the Board of Directors (whose determination shall be
            conclusive and shall be described in a written notice to the Holder
            of any Warrant promptly after such adjustment) shall determine the
            allocation of the adjusted Per Share Warrant Price between or among
            shares of such classes or capital stock or shares of Common Stock
            and other capital stock.

      c)    In case the Company shall hereafter combine its shares of Common
            Stock into a lesser number of shares (Reverse Split) the number of
            Warrants shall be proportionately adjusted. The Per Share Warrant
            Price shall be adjusted to the lower of (i) the average closing bid
            price of the Company's Common Stock as quoted by

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            NASDAQ level III for the five-day trading period (Average Price)
            ending on the twentieth (20th) day subsequent to the effective date
            of such Reverse Split, or (ii) the proportionate per share price
            based on the Reverse Split, i.e. $1.25 per share in the event of a
            two for one split.

      d)    Except as provided in Subsection 3(f), in case the Company shall
            hereafter issue or sell any shares of Common Stock for a
            consideration per share less than the Per Share Warrant Price on the
            date of such issuance or sale, the Per Share Warrant Price shall be
            adjusted as of the date of such issuance or sale so that the same
            shall equal the consideration per share received by the Company upon
            such issuance or sale; provided, however, that no adjustment of the
            Per Share Warrant Price shall be required in connection with the
            issuance of shares upon the exercise of presently outstanding
            warrants or options.

      e)    Except as provided in Subsection 3(a) and 3(f), in case the Company
            shall hereafter issue or sell any rights, options, warrants or
            securities convertible into Common Stock entitling the holders
            thereof to purchase Common Stock or to convert such securities into
            Common Stock at a price per share (determined by dividing (i) the
            total amount, if any, received or receivable by the Company in
            consideration of the issuance or sale of such rights, options,
            warrants or convertible securities plus the total consideration, if
            any, payable to the Company upon exercise or conversion thereof
            (Total Consideration) by (ii) the number of additional shares of
            common stock issuable upon exercise or conversion of such
            securities) less than the then current Per Share Warrant Price in
            effect on the date of such issuance or sale, the Per Share Warrant
            Price shall be adjusted as of the date of such issuance or sale so
            that the same shall equal the price determined by dividing (i) the
            sum of (a) the number of shares of Common Stock outstanding on the
            date of such issuance or sale multiplied by the Per Share Warrant
            Price plus (b) the Total Consideration by (ii) the number of shares
            of Common Stock outstanding on the date of such issuance or sale
            plus (iii) the maximum number of additional shares of Common Stock
            issuable upon exercise or conversion of such securities.

      f)    In case of any capital reorganization or reclassification, or any
            consolidation or merger to which the Company is a party other than a
            merger or consolidation in which the Company is the continuing
            corporation, or in case of any sale or conveyance to another entity
            of the property of the Company as an entirety or substantially as
            an entirety, or in the case of any statutory exchange of securities
            with another corporation (including any exchange effected in
            connection with a merger of a third corporation into the
            Company), the Holder of this Warrant shall have the right
            thereafter to convert such Warrant into the kind and amount of
            securities, cash or other property which he would have owned or have
            been entitled to receive immediately after such reorganization,
            reclassification, consolidation, merger, statutory exchange, sale or
            conveyance had this Warrant been converted

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            immediately prior to the effective date of such reorganization,
            reclassification, consolidation, merger, statutory exchange, sale or
            conveyance and in any such case, if necessary, appropriate
            adjustment shall be made in the application of the provisions set
            forth in this Section 3 with respect to the rights and interests
            thereafter of the Holder of this Warrant to the end that the
            provisions set forth in this Section 3 shall thereafter
            correspondingly be made applicable, as nearly as may reasonably be,
            in relation to any shares of stock or other securities or be. in
            relation to any shares of stock or other securities or property
            thereafter deliverable on the conversion of this Warrant. The above
            provisions of this Subsection 3(f) shall similarly apply to
            successive reorganizations, reclassifications, consolidations,
            mergers, statutory exchanges, sales or conveyances. The issuer of
            any shares of stock or other securities or property thereafter
            deliverable on the conversion of this Warrant shall be responsible
            for all of the agreements and obligations of the Company hereunder.
            Notice of any such reorganization, reclassification, consolidation,
            merger, statutory exchange, sale or conveyance and of said
            provisions so proposed to be made, shall be mailed to the Holders of
            the Warrants not less than 20 business days prior to such event. A
            sale of all or substantially all of the assets of the Company for a
            consideration consisting primarily of securities shall be deemed a
            consolidation or merger for the foregoing purposes.

      g)    No adjustment in the Per Share Warrant Price shall be required
            unless such adjustment would require an increase or decrease of at
            least $0.01 per share of Common Stock; provided, however, that any
            adjustments which by reason of this Subsection 3(g) are not required
            to be made shall be carried forward and taken into account in any
            subsequent adjustment; provided further, however, that adjustments
            shall be required and made in accordance with the provisions of this
            Section 3 (other than this Subsection 3(g) not later than such time
            as may be required in order to preserve the tax-free nature of a
            distribution to the Holder of this Warrant or Common Stock issuable
            upon exercise hereof All calculations under this Section 3 shall be
            made to the nearest cent. Anything in this Section 3 to the contrary
            notwithstanding, the Company shall be entitled to make such
            reductions in the Per Share Warrant Price, in addition to those
            required by this Section 3, as it in its discretion shall deem to be
            advisable in order that any stock dividend, subdivision of shares or
            distribution of rights to purchase stock or securities convertible
            or exchangeable for stock hereafter made by the Company to its
            shareholders shall not be taxable.

      h)    Whenever the Per Share Warrant Price is adjusted as provided in this
            Section 3 and upon any modification of the rights of a Holder of
            Warrants in accordance with this Section 3, the Company shall
            promptly obtain, at its expense, a certificate of a firm of
            independent public accountants of recognized standing selected by
            the Board of Directors (who may be the regular auditors of the
            Company) setting forth the Per Share Warrant Price and the number
            of GCA Warrants Shares after such adjustment or the effect of such
            modification, a brief statement of the facts requiring such

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            adjustment or modification and the manner of computing the same and
            cause copies of such certificate to be mailed to the Holders of the
            Warrants.

      i)    If the Board of Directors of the Company shall declare any dividend
            or other distribution with respect to the Common Stock, other than a
            cash distribution out of earned surplus, the Company shall mail
            notice thereof to the Holders of the Warrants not less than 10
            business days prior to the record date fixed for determining
            shareholders entitled to participate in such dividend or other
            distribution.

4.    Fully Paid Stock, Taxes.

      The Company agrees that the shares of the Common Stock represented by each
      and every certificate for GCA Warrants Shares delivered on the exercise of
      this Warrant shall, at the time of such delivery, be validly issued and
      outstanding, fully paid and nonassessable, and not subject to pre-emptive
      rights, and the Company will take all such actions as may be necessary to
      assure that the par value or stated value, if any, per share of the Common
      Stock is at all times equal to or less than the then Per Share Warrant
      Price. The Company further covenants and agrees that it will pay, when due
      and payable, any and all Federal and state stamp, original issue or
      similar taxes which may be payable in respect of the issue of any Warrant
      Share or certificate therefor.

5.    Registration Under Securities Act of 1933.

      a)    The Company agrees to register the Warrants Shares in accordance
            with the terms of the Financing Agreement.

      b)    The Company shall (i) furnish each Holder of any GCA Warrants Shares
            and each underwriter (Underwriter) of such GCA Warrants Shares with
            such copies of the prospectus, including the preliminary prospectus,
            conforming to the Securities Act of 1933 (Act), (and such other
            documents as each such Holder or each such Underwriter may
            reasonably request) in order to facilitate the sale or distribution
            of the GCA Warrants Shares, (ii) use its best efforts to register or
            qualify such GCA Warrants Shares under the blue sky laws (to the
            extent applicable) of such jurisdiction or jurisdictions as the
            Holders of any such GCA Warrants Shares and each Underwriter of
            GCA Warrants Shares being sold by such Holders shall reasonably
            request and (iii) take such other actions as may be reasonably
            necessary or advisable to enable such Holders and such Underwriters
            to consummate the sale or distribution in such jurisdiction or
            jurisdictions in which such Holders shall havc reasonably
            requested that the GCA Warrants Shares be sold.

      c)    The Company shall pay all expenses incurred in connection with any
            registration or other action pursuant to the provisions of this
            Section 5, other than underwriting

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            discounts and applicable transfer taxes relating to the GCA Warrants
            Shares.

      d)    The Company will indemnify the Holders of GCA Warrants Shares which
            are included in any Registration Statement substantially to the same
            extent as the Company may indemnify any Underwriters of a public
            offering of Common Stock pursuant to the Underwriting Agreement and
            such Holders will indemnify the Company (and the Underwriters, if
            applicable) with respect to information furnished by them in writing
            to the Company for inclusion therein substantially to the same
            extent as the Underwriters have indemnified the Company.

6.    Limitation on Exercise.

      No Holder(s) of GCA Warrants shall be permitted to exercise any GCA
Warrants to the extent that such exercise would cause any Holder to be the
beneficial owner of more than 5% of the then outstanding WWDI Common Stock, at
that given time. This limitation shall not be deemed to prevent any Holder from
acquiring more than an aggregate of 5% of the Common Stock, so long as such
Holder does not beneficially own more than 5% of WWDI Common Stock, at any given
time.

7.    Transferability.

      The Company may treat the registered Holder of this Warrant as he or it
      appears on the Company's books at any time as the Holder for all purposes.
      The Company shall permit any Holder of a Warrant or his duly authorized
      attorney, upon written request during ordinary business hours, to inspect
      and copy or make extracts from its books showing the registered holders of
      Warrants. All warrants issued upon the transfer or assignment of this
      Warrant will be dated the same date as this Warrant, and all rights of the
      Holder thereof shall be identical to those of the Holder. The holder shall
      have the right to assign all or any part of this Warrant, subject to
      compliance with applicable federal and/or state securities laws.

8.    Loss, etc., of Warrant.

      Upon receipt of evidence satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Warrant, and of indemnity reasonably
      satisfactory to the Company, if lost, stolen or destroyed, and upon
      surrender and cancellation of this Warrant, if mutilated, the Company
      shall execute and deliver to the Holder a new Warrant of like date, tenor.
      and denomination.

9.    Warrant Holder Not Shareholders.

      Except as otherwise provided herein, this Warrant does not confer upon the
      Holder any right to vote or to consent to or receive notice as a
      shareholder of the Company, as such, in

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      respect of any matters whatsoever, or any other rights or liabilities as a
      shareholder, prior to the exercise hereof.

10.   Communication.

      No notice or other communication under this Warrant shall be effective
      unless, but any notice or other communication shall be effective and shall
      be deemed to have been given if the same is in writing and is mailed by
      first-class mail, postage prepaid, or sent by overnight courier or
      facsimile, addressed to:

      a)    If to the Company:

            Worldwide Data, Inc.
            36 Toronto Street, Suite 250
            Toronto, Ontario
            Canada M5C 2C5
            Fax: 416/214-6299
            Tel: 416/214-6296

            Attn:  Bronson Conrad, Chief Executive Officer

            with copy to:

            Steven Davis, Esq.
            Heller, Ehrman, White & McAuliffe
            711 Fifth Avenue
            New York, NY 10022-3194
            Fax: 212/832-3353
            Tel: 212/832-8300

or such other address as the Company has designated in writing to the Holder; or

      b)    If to GCA:

            Generation Capital Associates
            1085 Riverside Trace
            Atlanta, GA 30328
            Fax: 404/255-2218
            Tel: 404/303-8450
            Attn:   Frank E. Hart, General Partner

or such other address as the GCA has designated in writing to the Company; and

      c)    If to Escrow Agent:

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            David A. Rapaport. Esq.
            333 Sandy Springs Circle, Suite 230
            Atlanta, GA 30328
            Fax: 404/257-9125
            Tel: 404/257-9150

or such other address as the Escrow Agent has designated in writing to the
Company and Holder(s).

11.     Headings.

        The headings of this Warrant have been inserted as a matter of
        convenience and shall not affect the construction hereof.

12.     Applicable Law.

        This Warrant shall be governed by and construed in accordance with the
        law of the State of Georgia without giving effect to the principles of
        conflicts of law thereof.

IN WITNESS WHEREOF, Worldwide Data, Inc. has caused this Warrant to be signed by
its Chief Executive Officer and its corporate seal to be hereunto affixed by its
Secretary this 27th day of September, 1999

/s/Bronson Conrad
--------------------------
Bronson Conrad
President

ATTEST:

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Secretary

        Corporate Seal

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                                  SUBSCRIPTION

The undersigned, _____________________, pursuant to the provisions of the
foregoing Warrant, hereby agrees to subscribe for and purchase
______________shares of the Common Stock of Worldwide Data, Inc. covered by said
Warrant, and makes payment therefor in full at the price per share provided by
said Warrant.

Dated: __________________________    Signature: ________________________________

                                     Name: _____________________________________

                                     Address: __________________________________

                                              __________________________________

                                    Tax I.D. No. _______________________________

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

                         CASHLESS EXERCISE SUBSCRIPTION

        The undersigned ________________________ pursuant to the provisions of
the foregoing Warrant, hereby agrees to subscribe to that number of shares of
stock of Worldwide Data, Inc. as are issuable in accordance with the formula set
forth in paragraph 1(b) of the Warrant, and makes payment therefore in full by
cancellation of _________________ Warrants. (If this is a partial exercise of
the Warrant a new Warrant for the remaining number of unexercised Warrants shall
be issued by the Company.)

Dated: __________________________    Signature: ________________________________

                                     Name: _____________________________________

                                     Address: __________________________________

                                              __________________________________

                                    Tax I.D. No. _______________________________

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                                   ASSIGNMENT

FOR VALUE RECEIVED ______________________ hereby sells, assigns and transfers
unto ______________ the foregoing Warrant and all rights evidenced thereby, and
does irrevocably constitute and appoint ______________ attorney, to transfer
said Warrant to the books of ______________________

Dated: __________________________    Signature: ________________________________

                                     Name: _____________________________________

                                     Address: __________________________________

                                              __________________________________

                                    Tax I.D. No. _______________________________

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

                               PARTIAL ASSIGNMENT

FOR VALUE RECEIVED ___________________hereby assigns and transfers unto
_____________________ the right to purchase ______________ shares of the Common
Stock of Worldwide Data, Inc. by the foregoing Warrant, and a proportionate part
of said Warrant and the rights evidenced hereby, and does irrevocably constitute
and appoint _____________________ , attorney, to transfer that part of said
Warrant on the books of

Dated: __________________________    Signature: ________________________________

                                     Name: _____________________________________

                                     Address: __________________________________

                                              __________________________________

                                    Tax I.D. No. _______________________________

                                       12<PAGE>

                                                                    Exhibit 10.3

                                ESCROW AGREEMENT

            THIS ESCROW AGREEMENT (the "Escrow Agreement") is entered into as of
this 20h day of September 1999 between Worldwide Data, Inc. a Delaware
corporation (the "COMPANY"), Generation Capital Associates, a New York limited
partnership ("GCA") and one or more other parties who are the purchasers of
Debenture(s) and who become signatories to this Escrow Agreement (GCA and such
other signatories are herein referred to as ("PURCHASER(S)") and David A.
Rapaport, Esq. as ESCROW AGENT (the "ESCROW AGENT"). The COMPANY, PURCHASER(S),
and the ESCROW AGENT shall from time to time be referred to herein as the
"PARTIES." This Escrow Agreement is being entered into in accordance with the
terms of the "Worldwide Data, Inc. Financing Terms Agreement Dated as of
September 20, 1999 ("Financing Agreement") executed by the COMPANY and GCA on
September 21 , 1999. (Capitalized terms not otherwise defined in this Escrow
Agreement shall have the meanings as defined in the Financing Agreement, the
Debenture(s) anchor the GCA Warrants, and, in turn, the form of Conversion
Notice and Principal Reduction Grid attached to the Debenture(s), the terms and
provisions of which are incorporated herein by reference.)

                                    RECITALS

      A. The COMPANY has agreed to sell, and PURCHASER(S) to purchase,
Debenture(s) which are convertible into the common stock of the COMPANY ("Common
Stock") at the average closing bid prices of Company's Common Stock as quoted by
NASDAQ level III for the five-day trading period (the "Average Price") ending on
the day prior to the Effective Date times (x) 60 % ("Multiplier). The Multiplier
shall be decreased to a minimum of 35% at the rate of one percentage point per
month commencing one hundred twenty days from the Closing Date for each month or
part thereof that the Conversion Shares and/or Warrants Shares have not been
registered for resale under the Securities Act of 1933 ("Securities Act") and
may not be sold under SEC Rule 144.

      B. To facilitate the delivery of the Debenture(s) upon receipt of payment
from PURCHASER(S) to the ESCROW AGENT the Company has delivered to the ESCROW
AGENT five (5) Debentures which have been duly executed by the Company but which
are blank as to name and address of the PURCHASER(S), principal amount and date
of issuance.

      C. To facilitate delivery to PURCHASER(S) of the Conversion Shares for the
two hundred fifty thousand dollars ($250,000) of Debenture(s) and the exercise
of the GCA Warrants, the COMPANY has deposited with the ESCROW AGENT four
hundred thousand (400,000) shares of legended Common Stock, for delivery to
PURCHASER(S) upon any partial or total conversion of the Debenture(s) and/or
partial or total exercise of the GCA Warrants. From time to time the Company may
be required to deposit with the ESCROW AGENT additional shares of Common Stock
The initial deposit of four hundred thousand (400,000) shares of Common Stock
and subsequent deposits of Common Stock shall be called "Escrow Shares." The
ESCROW AGENT shall deposit the Escrow Shares in a brokerage account standing in
the name of the ESCROW AGENT and shall not cause the release of any of such
Escrow Shares to
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PURCHASER(S) prior to the receipt by the ESCROW AGENT and the COMPANY, via
facsimile, of a duly executed Conversion Notice and/or GCA Warrants exercise
notice.

      D. To facilitate the issuance and delivery of Debenture(s) and the
exercise of the GCA Warrants the ESCROW AGENT has agreed to receive funds from
prospective purchasers of Debenture(s) and /or holders of GCA Warrants (the
"Escrow Funds"). The ESCROW AGENT reserves the right in his sole discretion to
return any Escrow Funds to the person from whom such Escrow Funds were received
for any reason whatsoever.

      E. ESCROW AGENT has agreed to act as the ESCROW AGENT hereunder, in
accordance with the terms and conditions set forth in this Escrow Agreement.

      NOW THEREFORE, for and in consideration of the foregoing and of the mutual
covenants and agreements hereinafter set forth, the PARTIES hereto hereby agree
as follows:

1. Recitals. The Recitals set forth above are true and correct and incorporated
herein by this reference.

2. Appointment of ESCROW AGENT. The PARTIES hereby mutually appoint and
designate the ESCROW AGENT to receive, hold, complete (as to the Debenture(s))
and release, as ESCROW AGENT the Escrow Shares, the five (5) Debentures, and
Escrow Funds, and the ESCROW AGENT hereby accepts such appointment, subject to
the terms of this ESCROW AGREEMENT.

3. Escrow Delivery. Within three business days from the date of execution of
this Escrow Agreement, the COMPANY shall deliver or cause to be delivered the
five (5) executed Debenture(s) and the certificates representing the Escrow
Shares to the ESCROW AGENT.

      3.1. The Debenture(s). ESCROW AGENT SHALL hold, complete and release the
five (5) executed Debenture(s) as follows:

      3.1(a). To PURCHASER(S) or COMPANY, as the case may be, pursuant to, and
upon receipt by ESCROW AGENT of, joint written instructions executed by a
PURCHASER(S) and the COMPANY; or

      3.1(b). To PURCHASER(S). As soon as reasonably practical after the receipt
of immediately available funds for the purchase of a Debenture(s) with written
instructions setting forth the name and address of PURCHASER(S) the ESCROW AGENT
shall complete a blank Debenture with the name and address of the PURCHASER,
principal amount and date of issuance. The date of issuance shall be the date
the ESCROW AGENT receives immediately available funds. The ESCROW AGENT shall
deliver the completed Debenture(s) to the PURCHASER(S) and the escrowed funds by
wire transfer to the COMPANY, together with a copy of the completed
Debenture(s); or

                                       2
<PAGE>

            3.1(c). To the COMPANY upon the earlier of (i) the date upon which
Debenture(s) for the entire two hundred fifty thousand dollars ($250,000) have
been issued, or (ii) September 30, 1999.

      3.2. The Escrow Shares. ESCROW AGENT shall hold and release the Escrow
      Shares as follows:

      3.2(a). To PURCHASER(S) or COMPANY, as the case may be, pursuant to, and
upon receipt by ESCROW AGENT of, joint written instructions executed by
PURCHASER(S) and the COMPANY; or

      3.2 (b). To PURCHASER(S) or HOLDER(S), as soon as reasonably practical
after receipt from PURCHASER(S) or HOLDER(S) of a Conversion Notice such number
of Escrow Shares equal to such amount of the outstanding principal of the
Debenture(s), in whole or in part, as specifically provided by PURCHASER(S) or
HOLDER(S) in a Conversion Notice which complies with the terms of, and the form
of which is attached to, the Debenture(s), which Conversion Notice is delivered
to the ESCROW AGENT and the COMPANY at the time and as further set forth in the
Debenture(s), at a conversion price set forth in the Debenture(s). PURCHASER(S)
and/or HOLDER(S) may continue to convert such amounts outstanding under the
Debenture(s) until the maturity thereof (as may be extended by PURCHASER(S)
and/or HOLDER(S) in accordance with the terms of the Debenture(s)); ESCROW AGENT
agrees to insert on the Principal Reduction Grid such outstanding amounts
converted and the outstanding amount remaining under the Debenture(s) in
accordance with the amounts so provided to ESCROW AGENT by PURCHASER(S) and/or
HOLDER(S) as reflected in each Conversion Notice, as further set forth in the
Debenture(s) and deliver to PURCHASER(S) and/or HOLDER(S) a copy of such revised
Principal Reduction Grid; ESCROW AGENT also agrees as soon as reasonably
practicable after receipt of the Conversion Notice to transmit by facsimile to
the Company a copy of such Principal Reduction Grid; or

      3.2 (c) To GCA or subsequent holders ("HOLDER(S)") of GCA Warrants, as
soon as reasonably practical after receipt of a completed notice of exercise
together with the original GCA Warrants and payment for the exercise price (if
applicable) such number of Escrow Shares equal to the number of shares being
exercised under the GCA Warrants. As soon as reasonably practical after receipt
from PURCHASER(S) and/or HOLDER(S) the ESCROW AGENT shall send to the Company
copies of the notice of exercise together with the original GCA Warrants; and
the exercise payment, if the GCA Warrants have been exercised for cash.

      3.2(d). To the COMPANY, the balance of any remaining Escrow Shares (except
for up to 25,000 Escrow Shares held for the exercise of the GCA Warrants) upon
the earlier of presentation of evidence satisfactory to the ESCROW AGENT that
(i) the Debenture(s) has been fully converted into Escrow Shares with interest
paid in full or (ii) the Debenture(s) has been repaid by the COMPANY to
PURCHASER(S) and/or HOLDER(S) pursuant to the terms thereof. The balance of any
remaining Escrow Shares held for the exercise of the GCA Warrants

                                       3
<PAGE>

shall be returned to the Company upon the earlier of (i) five (5) days following
the expiration date of the GCA Warrants, or (ii) the exercise in full of the GCA
Warrants.

      3.2(e). If the ESCROW AGENT is required to deliver Escrow Shares at a time
when such shares have not been registered for resale under the securities laws
or eligible for sale under Rule 144, the ESCROW AGENT shall cause the transfer
agent of the WWDI common stock to place a standard Rule 144 restrictive legend
on the certificates for such shares prior to delivery to Holder(s) and to enter
a stop transfer order for such certificates.

      3.3 Recomputation of Escrow Shares.

      3.3(a) If at any time, or from time to time, the ESCROW AGENT is holding
less than 200% of the number of Escrow Shares required to convert the remaining
principal balance of the Debenture(s) based on the then Average Price, plus the
number of Escrow Shares (up to 25,000) required to permit the exercise of the
GCA Warrants, the ESCROW AGENT and/or Holder(s) may request in writing that the
Company deposit enough additional shares of Common Stock with the ESCROW AGENT
so that the ESCROW AGENT is holding 200% of the number of Escrow Shares required
to convert such remaining principal balance of the Debenture(s), plus the number
of Escrow Shares (up to 25,000) required to permit the exercise of the GCA
Warrants. The failure of the Company to deliver such additional Escrow Shares
within five business days of such demand shall be a material default of the
Debenture(s) and in addition to any other remedies, including without limitation
specific performance shall entitle the Holder(s) to an immediate distribution of
Escrow Shares in an amount equal to 25,000 Escrow Shares, plus an additional
2,500 Escrow Shares for each day after the tenth business day such failure to
deliver the additional shares of Common Stock continues. (Such distribution
shall be made by the ESCROW AGENT to the Holder(s) pro-rata to the principal
amount of Debenture(s) held by each Holder.)

      3.3(b) Any alleged breach of the above Section 3.3(a) shall entitle
PURCHASER(S), HOLDER(S) and/or ESCROW AGENT to immediate pre-trial injunctive
relief and COMPANY acknowledges that PURCHASER(S), HOLDER(S) and/or ESCROW AGENT
have no adequate remedy at law for an alleged breach of Section 3.3(a).

      3.4. Conflicting Instructions.

      3.4(a) If a controversy arises between the PARTIES concerning the Escrow
Funds, the Escrow Shares, or the Debenture(s) hereunder, they shall notify the
ESCROW AGENT. In that event (or, in the absence of such notification, if in the
sole and exclusive judgment of the ESCROW AGENT such controversy exists,
including, without limitation, a controversy concerning the Financing Agreement,
the Escrow Funds, the Debenture(s), or the GCA Warrants or this Escrow Agreement
or the rights and obligations or the propriety of any action contemplated by the
ESCROW AGENT hereunder), the ESCROW AGENT shall not be required to resolve such
controversy or take an action but may, in his sole discretion, be entitled to
await

                                       4
<PAGE>

resolution of the controversy by written instructions from the PARTIES or by
receipt of an order, decree, writ, judgment or other paper from a court of
competent jurisdiction directing disposition of the Escrow Funds, the Escrow
Shares, or the Debenture(s).

      3.4(b) Upon receipt of written instructions from PURCHASER(S), HOLDER(S)
or the COMPANY, or a determination by the ESCROW AGENT that there is a
controversy concerning the Escrow Funds, the Debenture(s), or this Escrow
Agreement, the ESCROW AGENT may, in his sole discretion, also institute an
interpleader action in the Superior Court of the State of Georgia, Fulton County
(the "Court") or in a federal court in the State of Georgia. If a suit is
commenced against the ESCROW AGENT, it may answer by way of interpleader and
name. PURCHASER(S), HOLDER(S) and COMPANY, as additional parties to such action,
and the ESCROW AGENT may tender the Escrow Funds, the Debenture(s) or the Escrow
Shares, into such court for determination of the respective rights, titles and
interests of the PURCHASER(S), HOLDER(S) and the COMPANY. Upon such tender, the
ESCROW AGENT shall be entitled to receive from the Company his reasonable
attorneys' fees and expenses incurred in connection with said interpleader
action or in any related action or suit (including appeal). As between
PURCHASER(S), HOLDER(S) and COMPANY, such fees, expenses and other sums shall be
paid by the party which fails to prevail in the proceedings brought to determine
the appropriate distribution of the Escrow Funds, the Escrow Shares or the
Debenture(s). If and when the ESCROW AGENT shall so interplead such parties, or
any of them, and deliver the Escrow Funds, the Escrow Shares and the
Debenture(s) to the clerk of such court, all of his duties hereunder shall
cease, and he shall have no further obligation in this regard. Nothing herein
shall prejudice any right or remedy of the ESCROW AGENT. The exclusive venue for
all actions under this Escrow Agreement shall be Fulton County, Georgia.

4. Concerning ESCROW AGENT.

      4.1. ESCROW AGENT's Duties.

      4.1(a). ESCROW AGENT's Right to Rely; Duties. The ESCROW AGENT may act in
reliance upon any writing or instrument or signature which he, in his sole
discretion, believes to be genuine, including facsimile signatures; may assume
the validity and accuracy of any statements or assertions contained in such
writing or instrument; and may assume that any person purporting to give any
writing, notice, advice or instruction in connection with the provisions hereof,
has been duly authorized to do so.

      4.1(b). The ESCROW AGENT shall not be liable in any manner or otherwise be
responsible to any party to this Escrow Agreement, or to any other individual or
entity, including, without limitation, the COMPANY, PURCHASER(S) or HOLDER(S)
(i) for the sufficiency or correctness as to form, manner of execution, or
validity of any written instructions delivered to him, including without
limitation, the number of Conversion Shares specified by

                                       5
<PAGE>

PURCHASER(S) or HOLDER(S) in any Conversion Notice to be issued pursuant to such
request (for which the PARTIES expressly agree ESCROW AGENT shall have no
liability to such Parties), nor (ii) as to the identity, authority, or rights of
any person executing the same, nor (iii) for the period of time, to send and/or
transfer Escrow Shares to PURCHASER(S) or HOLDER(S).

      4.1(c). Waiver of Potential Conflict. COMPANY and PURCHASER(S) acknowledge
that the ESCROW AGENT is the General Counsel of GCA, and its affiliates and by
signing this Escrow Agreement below hereby acknowledges and consents to the
continued representation by the ESCROW AGENT of GCA and its affiliates,
including, if necessary and without limitation, the ESCROW AGENT's
representation of GCA and its affiliates in connection with the Financing
Agreement, the Escrow Funds, the Debenture(s) and this Escrow Agreement.

      4.1(d) Indemnification. The ESCROW AGENT may consult with counsel of his
own choice and shall have full and complete authorization and protection for any
action taken or suffered by it hereunder in good faith and in accordance with
the opinion of such counsel. The ESCROW AGENT shall otherwise not be liable for
any mistakes of fact or error of judgment, or for any acts or omissions of any
kind unless caused by his willful misconduct or gross negligence and each of the
COMPANY and PURCHASER(S) jointly and severally agrees to indemnify and hold
harmless the ESCROW AGENT from any claims, demands, causes of action,
liabilities, damages or judgments, including the cost of defending any action
against it, together with any reasonable attorneys' fees of any nature
(including appeal) incurred therewith in connection with ESCROW AGENT's
undertakings pursuant to the terms and conditions of this Escrow Agreement,
unless such act or omission is a result of the willful misconduct or gross
negligence of the ESCROW AGENT.

      4.1(e). No Implied Duties. ESCROW AGENT shall have no implied obligations
or responsibilities hereunder, nor shall he have any obligation or
responsibility to collect funds or seek the deposit of money or property, nor is
the ESCROW AGENT a party to any other agreement entered into among PURCHASER(S)
and/or the COMPANY.

      4.2. Other Matters. ESCROW AGENT (and any successor ESCROW AGENT or
agents) reserves the right to resign as the ESCROW AGENT at any time, provided
thirty (30) days' prior written notice is given to the other parties hereto. If
a notice of appointment of a successor ESCROW AGENT is not delivered to the
ESCROW AGENT within thirty (30) days after notice of resignation, the ESCROW
AGENT may petition any court of competent jurisdiction to name a successor
ESCROW AGENT, and the ESCROW AGENT herein shall be fully relieved of all
liability to any and all parties upon the transfer of all cash or property in
his possession under the Escrow Agreement to the successor ESCROW AGENT either
designated or appointed by such court. The Parties reserve the right to jointly
remove the ESCROW AGENT at any time, provided fifteen (15) days' prior written
notice is given to the ESCROW AGENT. In the event of litigation or dispute by
the Parties in which the performance of the duties of the ESCROW AGENT is at
issue, the ESCROW AGENT shall take no action until such action is

                                       6
<PAGE>

agreed to in writing by the Parties or directed by receipt of an order, decree,
writ, judgment or other paper from a court of competent jurisdiction.

5. Termination. This Escrow Agreement shall be terminated upon the release of
the Escrow Funds, the Debenture(s) and the Escrow Shares in accordance with the
terms and conditions of Section 3 hereof, or otherwise by written mutual consent
signed by all PARTIES hereto.

6. Notice. Notices to be given hereunder shall be in writing and shall be deemed
to have been sufficiently given if delivered personally or sent by overnight
courier or messenger or sent by registered or certified mail (air mail if
overseas), return receipt requested, or by telex, facsimile transmission,
telegram or similar means of communication. Notice shall be deemed to have been
received on the date and time of personal delivery, telex, facsimile
transmission, telegram or similar means of communication, or if sent by
overnight courier or messenger, shall be deemed to have been received on the
next delivery day after deposit with the courier or messenger, of if sent by
certified or registered mail, return receipt requested, shall be deemed to have
been received on the third business day after the date of mailing. Notices shall
be given to the following addresses:

      If to the Company:

                  Worldwide Data, Inc.
                  36 Toronto Street, Suite 250
                  Toronto, Ontario
                  Canada, M5C 2C5

                  Fax: 416/214-6299
                  Tel: 416/214-6296

                  Attn: Bronson Conrad, President

      With copy to:

                  Stephen Davis, Esq.
                  Heller, Ehrman, White & McCauliffe
                  711 Fifth Avenue
                  New York, NY 10022-3194

                                       7
<PAGE>

                  Fax: 212/832-3353
                  Tel: 212/832-3194

      If to the PURCHASER(S):

                  Generation Capital Associates
                  Suite 4900
                  20 Exchange Place, 49th Floor
                  New York, NY 10005

                  Fax: 212/514-7679
                  Tel: 212/514-7650
                  Attn: Frank E. Hart, General Partner

      If to the ESCROW AGENT:

                  David A. Rapaport, Esq.
                  333 Sandy Springs Circle, Suite 230
                  Atlanta, GA 30328
                  Facsimile No.: (404) 257-9125
                  Tel No.:       (404) 257-9150

7. Benefit and Assignment. This Escrow Agreement shall be binding upon and shall
inure to the benefit of the PARTIES hereto and their respective successors and
assigns as permitted hereunder. No person or entity other than the PARTIES
hereto is or shall be entitled to bring any action to enforce any provision in
this Escrow Agreement. Such Escrow Agreement shall be solely for the benefit of,
and shall be enforceable only by, the PARTIES hereto or their respective
successors and assigns.

8. Entire Agreement, Amendment. This Escrow Agreement contains the entire
agreement among the PARTIES with respect to the subject matter hereof and
supersedes all prior oral or written agreements, commitments or understandings
with respect to such matters. This Escrow

                                       8
<PAGE>

Agreement may not be changed orally, but only by an instrument in writing signed
by the party against whom enforcement of any waiver, change modification,
extension or discharge is sought.

9. Governing Law; Venue. This Escrow Agreement shall be governed and construed
under and in accordance with the laws of the State of Georgia. Each of COMPANY
and PURCHASER(S) hereby irrevocably and unconditionally: (a) submits for itself
and its property in any legal action or proceeding relating to this Escrow
Agreement, or for recognition and enforcement of any judgment in respect
thereof, to the non-exclusive jurisdiction of any Federal or State courts
located in Fulton County, Georgia and appellate courts from any thereof; (b)
consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such
action or proceeding in any such court or that such action or proceeding was
brought in an inconvenient court and agrees not to plead or claim the same; (c)
agrees that service of process in any such action or proceeding may be effected
by mailing a copy thereof by registered or certified mail (or any substantially
similar form of mail), postage prepaid, to it at his address set forth herein or
at such other address of which ESCROW AGENT shall have been notified in writing
pursuant thereto; and (d) agrees that nothing herein shall affect the right to
effect service of process in any other manner permitted by law or shall limit
the right to sue in any other jurisdiction.

10. WAIVERS OF JURY TRIAL. THE PARTIES HERETO HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS ESCROW AGREEMENT OR FOR ANY COUNTERCLAIM THEREIN.

11. Signature in Counterparts. This Escrow Agreement may be executed in separate
counterparts, none of which need contain the signature of all PARTIES, each of
which shall be deemed to be an original and all of which taken together
constitute one and the same instrument. It shall not be necessary in making
proof of this Escrow Agreement to produce or account for more than the number of
counterparts containing the respective signatures of, or on behalf of, all of
the PARTIES hereto. Facsimile signatures shall be considered as original
signatures for purposes hereof.

                                       9
<PAGE>

12. Attorney's Fees. Should any action be commenced between the PARTIES to this
Escrow Agreement concerning the matters set forth in this Escrow Agreement or
the right and duties of either in relation thereto, the prevailing party in such
action shall be entitled, in addition to such other relief as may be granted, to
a reasonable sum as and for its attorneys fees and costs.

      IN WITNESS WHEREOF, each of the PARTIES has caused this Escrow Agreement
to be duly executed and delivered in its name and on its behalf, all as of the
date and year first above written.

                                        WORLDWIDE DATA, INC.

                                        By: /s/ Bronson Conrad
                                            ------------------------------------
                                            Bronson Conrad, President

                                        GENERATION CAPITAL ASSOCIATES

                                        By:
                                            ------------------------------------
                                            Frank E. Hart, General Partner

ESCROW AGENT:

------------------------------------
David A. Rapaport, Esq.

                                       10
<PAGE>

              [FORM OF SIGNATURE PAGE FOR ADDITIONAL PURCHASERS:]

The undersiged has purchased a Debenture(s) from Worldwide Data, Inc. and
accordingly agrees to be bound by all of the terms of the attached Escrow
Agreement.

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

------------------------------------
                Name

------------------------------------
               Address

------------------------------------
          City, State, Zip

------------------------------------
              Telephone

------------------------------------
                 Fax

------------------------------------
      Fed Tax I.D. # or S.S. #

                                       11

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