Document:

Exhibit 4.1

                       RESTRICTED STOCK PURCHASE AGREEMENT
                       -----------------------------------

         This Restricted Stock Purchase Agreement (the "Agreement") is made as
of this 20th day of July, 2001, by and between WOW ENTERTAINMENT, INC., a
Delaware corporation with its principal place of business at Bank One Tower, 111
Monument Circle, Suite 4600, Indianapolis, Indiana 46204 (the "Company"), and
DOUGLAS E. MAY (the "Employee").

         WHEREAS, the following fact is true:

         1. In connection with the Employee's employment the Company has agreed
to issue and sell to Employee a total of 200,000 shares of its voting common
stock (the "Common Stock"), par value $.01 per share, subject to the terms and
conditions of this Agreement.

         NOW, THEREFORE, in consideration of the promises and the mutual
covenants of the parties contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Company and the Employee hereby agree as follows:

         1. Purchase and Sale of Shares. The Company hereby issues and sells to
the Employee, and the Employee hereby purchases from the Company, 200,000 shares
of Common Stock of the Company (hereinafter the "Shares") for the aggregate
purchase price of $30,000 (for a purchase price per Share of $.15) (the
aggregate purchase price for the Shares sometimes referred to as the "Purchase
Price" and the Purchase Price per Share sometimes referred to as the "Per Share
Purchase Price"). Employee has paid the Purchase Price for the Shares in the
manner described in Section 2 below. The parties acknowledge that the market
value of each Share as of the date of execution of this Agreement is $.15.

         As of the date hereof, all Shares are Unvested Shares as defined below
in this Section 1. Except if and to the extent such Shares become Vested Shares
as defined below in this Section 1, the Shares shall be unvested and shall be
subject to the terms and conditions of this Agreement applicable to Unvested
Shares, including without limitation restrictions on transfer and obligations of
the Company to repurchase such Unvested Shares in certain events. (Any Shares
which are at any time vested under the terms of this Agreement are sometimes
referred to herein as "Vested Shares." Any Shares that are not vested at any
time in accordance with this Agreement are sometimes referred to herein as
"Unvested Shares.") Company has this date issued one or more certificates for
the Shares registered in the name of the Employee with a restrictive legend on
each such certificate as described in Section 8 of this Agreement.

         2. Payment for Shares; Security for Note. Employee has paid the
Purchase Price to the Company by executing and delivering to the Company on the
date hereof a Recourse Promissory Note for the amount of the Purchase Price (the
"Note"), a copy of which is attached hereto and made a part hereof by reference
as Exhibit A. To secure the performance of his obligations under the Note, the
Employee has also executed and delivered to the Company on the date hereof a
Stock Pledge Agreement (the "Pledge Agreement"), a copy of which is attached
hereto and made a part hereof by reference as Exhibit B. Under the terms of the
Pledge Agreement, the Employee has pledged the Shares and certain other
collateral in respect of the Shares to the Company as security for the
performance of the obligations of the Employee under the Note. Employee
represents to the Company that he is acquiring the Shares for the purpose of
investment and not with a view to the distribution or sale thereof.

         3. Restrictions on Unvested Shares. So long as Shares shall remain
Unvested Shares, such Shares may not be sold, assigned, transferred, pledged or
otherwise encumbered by the Employee or any successor or assignee thereof,
whether voluntarily or by operation of law, and such Unvested Shares shall be
subject to repurchase by the Company in accordance with Section 6 below.

         4. Vesting of Shares. Subject to the provisions of this Agreement, the
Unvested Shares shall become Vested Shares when, as, and if the Company's voting
common stock trades at a price (based upon the daily closing price) equal to or
greater than one dollar ($1.00) per share for a period of forty five (45)
consecutive, calendar days.

<PAGE>

         Vesting of Shares as provided above shall expire on October 31, 2006
(hereinafter the "Expiration Date"), or such earlier date as provided in Section
5 below.

         The Company shall notify the Employee promptly when any Shares become
Vested Shares, and shall promptly issue one or more certificates for such Vested
Shares to the Employee as provided in Section 8 below.

         5. Termination of Vesting in Certain Events. Vesting of Shares in
accordance with Section 4 shall expire prior to the Expiration Date upon
termination by the Company or the Employee of the employment of the Employee for
any reason or for no reason, including the death or permanent disability of
Employee, as determined by the Company.

         On the earlier of the Expiration Date or a date eighteen (18) months
after Shares become Vested Shares under this Agreement, Employee shall prepay
the outstanding principal balance of the Note together with the accrued interest
allocable to such prepaid principal amount prorated on a daily basis to the date
of such payment.

         6. Repurchase of Unvested Shares by the Company. Upon the expiration of
vesting under Sections 4 or 5 above, as applicable, Employee, or his personal
representative, shall sell, and the Company shall purchase, all Unvested Shares
at a price per Share equal to the lesser of the Per Share Purchase Price or the
fair market value per Share of the Unvested Shares as of such date, as
determined by the Company. Such sale and purchase shall take place at the
principal office of the Company within thirty (30) days subsequent to the
effective date of expiration of vesting under this Agreement; provided, however,
that if the Company is prohibited from repurchasing Unvested Shares pursuant to
Section 160 of the Delaware General Corporation Law as amended from time to time
(or any successor provision) then the time period within which such closing
shall occur shall be extended until twenty (20) days after the Company is first
not so prohibited. At such closing, the Employee or his personal representative
shall transfer all such Unvested Shares to the Company. Any amounts payable to
the Employee for the Unvested Shares shall first be applied to pay or prepay, as
applicable, the unpaid balance of the Note, with any such amounts applied first
to attorneys' fees and costs (if any), then to accrued interest under the Note,
and then to the principal balance of the Note. The balance of the purchase
price, if any, due by the Company in connection with a repurchase of Unvested
Shares under this Section shall then be paid to the Employee or his personal
representative by wire transfer to one or more accounts designated by Employee
or his personal representative. The balance of the Note, if any, due by the
Employee subsequent to the repurchase of Unvested Shares shall be paid by
Employee to the Company at closing by wire transfer to one or more accounts
designated by the Company.

         Employee has this date executed and delivered to the Company a stock
power in blank with respect to the Shares, and hereby further authorizes the
Company and its authorized officers to execute on his behalf any and all
documents and to perform on his behalf any and all other actions which may be
required in connection with the transactions described in this Section 6.

<PAGE>

         7. Effect of Vesting. Subject to the provisions of this Section, the
Employee may own and dispose of Vested Shares without restriction. However, any
Vested Shares shall remain subject to the restrictions under the Pledge
Agreement until and unless Employee shall pay or prepay the Note in accordance
with Section 5 above. In addition, any transfer or assignment of the Vested
Shares shall remain subject to the provisions of the Securities Act of 1933, as
amended (the "Securities Act"), and any rules and regulations thereunder, and of
any applicable state securities laws.

         8. Certificates for Shares. The Company shall issue one or more
certificates with respect to the Unvested Shares in the name of Employee and
shall hold such certificates on deposit for the account of the Employee until
and except to the extent that such Unvested Shares shall become Vested Shares.
Each such certificate for the Unvested Shares shall bear the following legend:

                  The Shares represented by this Certificate are subject to
                  restrictions set forth in a certain Restricted Stock Purchase
                  Agreement dated July 20, 2001, entered into by and between WOW
                  Entertainment, Inc. and Douglas E. May, a copy of which
                  Agreement is available for inspection at the offices of the
                  Company or will be made available upon request.

         Upon vesting of Shares in accordance with this Agreement, the Company
shall exchange the previously issued certificates in respect of the Unvested
Shares which have become vested for a new certificate or certificates in respect
of the Vested Shares that shall not bear the legend described above in this
Section applicable to Unvested Shares. Notwithstanding any other provisions of
this Section 8, however, any certificates for Shares shall at the option of the
Company bear a legend satisfactory to the Company relating to compliance with
requirements under the Securities Act and other applicable federal and state
securities laws, and shall at the option of the Company also bear a legend
satisfactory to the Company relating to any applicable restrictions under the
Pledge Agreement.

         9. Voting; Cash Dividends. Except as otherwise provided in this
Agreement or under the Pledge Agreement, the Employee, as owner of Shares
(including but not limited to Unvested Shares) shall have all the rights of a
shareholder of the Company, including but not limited to the right to receive
all cash dividends paid with respect to the Shares and the right to vote the
Shares.

         10. Adjustments for Changes in Capitalization of the Company and
Distributions with Respect to Shares. In event of any change in the outstanding
shares of common stock of the Company subsequent to the date hereof by reason of
any reorganization, recapitalization, stock split, reverse stock split, stock
dividend, combination or exchange of shares, merger, consolidation, or any
change in the corporate structure of the Company or in the shares of Common
Stock, the number and class of Shares covered by this Agreement shall be
appropriately adjusted by the Company to reflect any such change, or the
securities issued in any such transaction, the determination by the Company of
which shall be conclusive.

<PAGE>

If the Company shall pay a stock dividend or declare a stock split or reverse
stock split, or otherwise distribute securities of the Company to the holders of
its Common Stock, the number of shares of stock or other securities of the
Company issued with respect to the Shares then subject to the restrictions
contained in this Agreement shall be added to (or, if applicable, substituted
for) the Shares subject to this Agreement. If the Company shall distribute to
its shareholders securities of another corporation, the securities of such other
corporation shall be deemed as part of the Shares with respect to which they are
distributed for purposes of this Agreement.

         11. No Assurance of Employment. Nothing in this Agreement shall be
deemed to create any obligation of the Employee to continue in the service of
the Company, or any obligation of the Company to continue the employment of
Employee.

         12. Tax Liabilities of Employee. Upon vesting of Shares (or at such
earlier time as an election is made by the Employee under Section 83(b) of the
Internal Revenue Code of 1986, as amended, or any successor provision thereto,
to include the value of the Shares in taxable income), the Company shall have
the right to require the Employee or other person receiving the Shares to pay
the Company the amount of any taxes which it is required to withhold with
respect to the Shares or, in lieu thereof, to retain, or sell without notice, a
sufficient number of the Shares to cover the amount required to be withheld. The
Company shall have the right to deduct from all dividends paid on the Shares the
amount of any taxes which the Company or any Affiliate is required to withhold
with respect to such dividend payments.

<PAGE>

         13. Notices. Any notices provided for in this Agreement shall be given
in writing and shall be deemed served when delivered personally to the person or
entity for whom intended or two (2) days after deposit in the United States
Mail, Certified Mail, Return Receipt Requested, addressed to the person or
entity for whom intended. The address of the Company shall be its principal
place of business, and the address for the Employee shall be the last known
address of the Employee in the records of the Company. Either party may change
his or its address for the purpose of notice hereunder by written notice to the
other party in the manner provided in this Section.

         14. Assignment. The Company may assign in whole or in part to any
person or entity any of its rights or obligations under this Agreement. The
Employee may not assign to any person or entity any of his rights or obligations
hereunder.

         15. Successors and Assigns. This Agreement shall inure to the benefit
of the Company, its successors and assigns, and shall be binding upon the
Employee, his administrator, executor, personal representative, successors,
heirs, and permitted assigns.

         16. Entire Agreement; Waivers. This Agreement constitutes the entire
agreement of the parties regarding the subject matter hereof. No amendment or
modification of this Agreement shall be valid unless it is in writing and signed
by the Company and the Employee. Any waiver by one party of a breach of any
provision of this Agreement shall not operate or be construed as a waiver of any
subsequent breach of the same or any other provision by the other party.

         17. Severability. The invalidity of any provision of the Agreement
shall not in any way affect the validity of any other provisions hereof, and
each and every provision of this Agreement shall be enforceable regardless of
the invalidity, if any, of any other provision hereof.

         18. Prevailing Party. In any suit or proceeding brought or instituted
by any party to this Agreement to enforce or interpret any of the provisions of
this Agreement or on account of any damages or loss sustained by such party by
reason of breach or violation by the other party of any of the terms or
provisions of this Agreement, the prevailing party will be entitled to recover
all expenses and costs incurred, including reasonable attorneys' fees and costs,
including expenses, fees and costs incurred in connection with any appeal and/or
collection efforts.

         19. Governing Law. This Agreement shall be construed in accordance
with the laws of the State of Indiana, without regard to conflict of laws
issues.

<PAGE>

         20. Counterparts; Facsimile Signatures. This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. Delivery by a
party of executed counterparts of this Agreement by facsimile shall constitute
execution and delivery of such counterpart by such party to the same extent as
if such counterpart were originally executed and delivered by such party.

         IN WITNESS WHEREOF, this Agreement has been executed as of the date
first above written.

                                      WOW ENTERTAINMENT, INC.

                                      By:  /s/  Douglas E. May
                                           ------------------------------------

                                      Its: CFO, VP of Finance, Corp. Sec.
                                           ------------------------------------
                                                       ("Company")

                                      By:  /s/ Douglas E. May
                                           ------------------------------------
                                                       ("Employee")

<PAGE>

                                    Exhibit A

                            RECOURSE PROMISSORY NOTE
                            ------------------------

$30,000  Indianapolis, Indiana
                                                                 July 20, 2001

         FOR VALUE RECEIVED, the undersigned, DOUGLAS E. MAY ("Maker"), promises
to pay to WOW ENTERTAINMENT, INC. ("Payee") at Bank One Tower, 111 Monument
Circle, Suite 4600, Indianapolis, Indiana 46204, or such other place as Payee
may from time to time designate to Maker in writing, the principal sum of Thirty
Thousand Dollars ($30,000.00), together with interest on the outstanding
principal balance existing from time to time from the date hereof at the rate of
six percent (6%) per annum, with payment of principal and interest to be made as
hereinafter provided.

         1. Maturity. This Note shall mature and be payable in full on October
31, 2006 (the "Maturity Date").

         2. Payment of Principal and Interest. Accrued interest shall be paid
annually on each anniversary date of the execution of this Note prior to the
Maturity Date, unless such day is a Saturday, Sunday or a public holiday or the
equivalent for banks generally under the laws of the State of Indiana, in which
case accrued interest shall be paid on the next succeeding day which is not a
Saturday, Sunday or a public holiday or the equivalent for banks generally under
the laws of the State of Indiana. The balance of principal and any unpaid
interest shall be paid on the Maturity Date. Time is of the essence of this
Note.

         3. Prepayments. Subject to the provisions hereof, Maker may prepay the
principal amount hereunder in whole or in part at any time without penalty,
together with interest accrued on any such prepaid amount to and including the
date of such prepayment. In addition, Maker shall prepay such portions of the
principal amount of this Note from time to time, together with interest accrued
on any such prepaid amount to and including the date of each such prepayment, as
and when such prepayments may be required under the terms of the Restricted
Stock Purchase Agreement, as described below.

         4. Restricted Stock Purchase Agreement and Pledge Agreement. This Note
is made in payment for certain stock of Payee being purchased by Maker from
Payee pursuant to a Restricted Stock Purchase Agreement of even date by and
between Maker and Payee (the "Restricted Stock Purchase Agreement"). The
obligations of Maker under this Note and any extensions or renewals hereof are
secured by a pledge of certain shares of Payee owned by Maker in accordance with
a Stock Pledge Agreement of even date by and between Maker and Payee (the
"Pledge Agreement"). Reference is made to both the Restricted Stock Purchase
Agreement and the Pledge Agreement herein for other rights as to defaults and
acceleration.

<PAGE>

         5. Default and Acceleration. Upon the occurrence of (i) a default by
Maker hereunder, or a default by Maker under the Restricted Stock Purchase
Agreement or under the Pledge Agreement and (ii) the expiration of ten (10)
days' written notice from Payee to Maker specifying the nature of such default
and the failure of Maker to cure such default within such ten (10) day period,
the entire principal sum outstanding hereunder, together with all accrued
interest thereon, shall, at the option of the Payee, become immediately due and
payable without notice, and said indebtedness may be collected and the security
interest under the Pledge Agreement may be foreclosed or otherwise realized
upon. No delay on the part of the Payee in exercising said option shall operate
as a waiver, or preclude exercise of such option during the existence of such
default or upon the occasion of a later default. All payments under this Note
shall be without relief from valuation and appraisement laws.

         6. Enforcement Costs. Maker agrees to pay immediately upon demand all
costs and expenses of Payee, including reasonable attorneys' fees, (i) if, after
a default and opportunity to cure as provided in Section 5, this Note is placed
in the hands of an attorney or attorneys for collection, (ii) if Payee finds it
necessary or desirable following a default and opportunity to cure as provided
in Section 6 to secure the services or advice of one or more attorneys with
regard to collection of this Note against Maker, or for protection of its rights
under this Note or the Pledge Agreement, or (iii) if Payee seeks to have the
property subject to the Pledge Agreement, or any part thereof, abandoned by any
estate in bankruptcy, or attempts to have any stay or injunction prohibiting the
enforcement or collection of the Note or prohibiting the enforcement of the
Pledge Agreement lifted by any bankruptcy or other court, and any subsequent
proceedings or appeals from any order or judgment entered in any such
proceeding.

         7. Waivers. The Payee, at its option, may make extensions of the time
for the payment of the indebtedness, or reduce the payments thereon, release any
collateral securing such indebtedness, or accept a renewal note or notes
therefor, all without notice, and Maker and endorsers hereby consent to any such
extensions, reductions or renewals, all without notice, and agree that any such
action shall not release them from any liability hereunder. Maker and endorsers
jointly and severally waive presentment for payment, notice of dishonor, notice
of nonpayment of this Note, and diligence in the collection thereof as
conditions of liability under this instrument.

         8. Other Provisions. This Note shall be deemed to be a contract made
under the laws of the State of Indiana, and for all purposes shall be construed
in accordance with and governed by the laws of such state without regard to
conflicts of laws principles. The terms and provisions of this Note shall be
binding upon and inure to the benefit of Maker and Payee and their respective
successors in interest and assigns. Maker shall not assign his obligations under
this Note without the prior written consent of Payee.

         Executed as of July 20, 2001.

                                            /s/ Douglas E. May
                                            -----------------------------------
                                            Douglas E. May ("Maker")

<PAGE>

                                    Exhibit B

                             STOCK PLEDGE AGREEMENT

         Douglas E. May (the "Pledgor"), hereby delivers, sets over, and pledges
to WOW Entertainment, Inc., a Delaware corporation (the "Pledgee"), and grants
to the Pledgee a security interest in the following:

         (a)      Two Hundred  Thousand  (200,000)  shares of common stock of
                  Pledgee, represented  by  Certificate  No.  ___________
                  (collectively, the "Pledged Stock"); and

         (b)      All certificates representing the Pledged Stock and all cash,
                  securities, dividends, distributions, interest and other
                  property at any time and from time to time received,
                  receivable or otherwise distributed in respect of or in
                  exchange for any or all of the Pledged Stock.

(collectively, the "Collateral") to secure the undertakings of the Pledgor
herein for the prompt and complete performance of the Obligations of the Pledgor
to the Pledgee under that certain Recourse Promissory Note of even date herewith
made by the Pledgor in favor of the Pledgee (as the same may be amended from
time to time, the "Note") and under that certain Restricted Stock Purchase
Agreement of even date herewith by and between Pledgor and Pledgee (as the same
may be amended from time to time, the "Restricted Stock Purchase Agreement"). As
used herein, the term "Obligations" shall mean the obligations of the Pledgor to
pay the amounts due to the Pledgee or any lawful holder of the Note or assignee
of the Restricted Stock Purchase Agreement.

         1. Delivery of the Pledged Stock. Concurrently herewith, and subject to
the terms and conditions of this Pledge Agreement, the Pledgor shall deliver to
the Pledgee the original share certificates and all other instruments or
documents evidencing the Pledged Stock (the "Stock Certificates"), together with
appropriate stock powers, endorsements and other appropriate instruments of
assignment endorsed in blank.

         2. Voting; Dividends; Distributions. Until and unless an uncured
default exists under the Note or the Restricted Stock Purchase Agreement, the
Pledgor shall be entitled to: (i) vote the Pledged Stock, in person or by proxy,
at any annual or special meetings of the shareholders of the Issuer on any issue
which may properly come before the meetings;(ii) give consents, waivers and
ratifications relative to the Collateral; and (iii) receive all payments under,
or cash dividends distributed in respect of, the Collateral; provided, however,
that any and all such payments or cash dividends may be retained by Pledgee at
its option as additional security for the Obligations and deemed to constitute a
portion of the Collateral with respect to which they were distributed.

<PAGE>

         3. Rights of Pledgee. Pledgee may, while there exists an uncured
Default, resort to the Collateral for the payment of any of the Obligations,
whether or not it shall have resorted to any other property or shall have
proceeded against any party primarily or secondarily liable on any of the
Obligations.

         4. Covenants. The Pledgor covenants and agrees that from and after the
date hereof and until the Obligations are fully paid and performed:

                  (a) without the prior written consent of the Pledgee and
         except as otherwise set forth herein, the Pledgor shall not sell,
         assign, transfer, exchange or otherwise dispose of, or grant any option
         with respect to, the Collateral; nor shall it create, incur or permit
         to exist any lien with respect to any of the Collateral, or any
         interest therein, except for the lien provided under this Pledge
         Agreement, and the Pledgor shall take any action necessary to remove
         any such lien;

                  (b) from time to time the Pledgor shall, at the Pledgor's
         expense, duly and promptly execute any and all further instruments and
         documents and take such further action as the Pledgee may reasonably
         deem desirable to obtain the full benefits of this Pledge Agreement,
         including, without limitation, the filing of any financing or
         continuation statements under any Uniform Commercial Code, and the
         Pledgor also hereby authorizes Pledgee to file any such financing
         statement or continuation statement on its behalf to the extent
         permitted by applicable law; and

                  (c) Pledgor shall deliver any and all Collateral to Pledgee in
         addition to the Stock Certificates, together with appropriate stock
         powers, endorsements, and other appropriate instruments of assignment
         endorsed in blank.

         5. Power of Attorney. The Pledgor hereby constitutes and appoints the
Pledgee or any agent thereof, with full power of substitution, as its true and
lawful attorney-in-fact with full power and authority in the place and stead of
the Pledgor and in the name of the Pledgor or in the Pledgee's name, from time
to time in the Pledgee's discretion, for the purpose of carrying out the terms
of this Pledge Agreement, to take any and all appropriate action and to execute
any and all documents and instruments which may be necessary or desirable to
accomplish the purposes of this Pledge Agreement.

         6. Default; Remedies. While there exists an uncured default under the
Note, the Pledgee may at its option: (i) appropriate and apply toward the
payment of the Obligations, and in such order of application as the Pledgee may
from time to time elect, the Collateral or any proceeds thereof; (ii) cause the
Collateral to be registered in the name of the Pledgee or its nominee or cause
new certificates evidencing the Collateral to be issued; (iii) sell, lease,
assign, give options to purchase or sell or otherwise dispose of and deliver the
Collateral, or any part thereof, in one or more parcels at public or private
sale or sales, at any exchange, broker's board or at any of the Pledgee's
offices or elsewhere upon such terms and conditions as the Pledgee may deem
advisable and to be commercially reasonable and at such price as it may deem
best, for cash or on credit or for future delivery without assumption of any
credit risk, with the right of the Pledgee upon any such sale or sales,

<PAGE>

public or private, to purchase the whole or any part of the Collateral so sold;
or (iv) exercise such other rights and remedies as may be available to the
Pledgee under the Indiana Uniform Commercial Code or other applicable law. The
Pledgee shall apply the net proceeds of any such collection, recovery, receipt,
appropriation, realization or sale to the payment in whole or in part of the
Obligations. Pledgee shall give the Pledgor at least thirty (30) days prior
notification of intended disposition of the Collateral.

         7. Waiver; Amendment. No delay on the part of the Pledgee in the
exercise of any right or remedy shall operate as a waiver thereof, and no single
or partial exercise by the Pledgee of any right or remedy shall preclude other
or further exercise thereof or the exercise of any other right or remedy. None
of the terms or provisions of this Pledge Agreement may be waived, altered,
modified or amended except by an instrument in writing, duly executed by the
Pledgor and the Pledgee.

         8. Termination. Upon payment in full of all Obligations, the
Collateral, along with any necessary assignments and termination statements,
shall promptly be distributed to Pledgor or Pledgee, as applicable under the
Restricted Stock Purchase Agreement, and this Pledge Agreement shall be deemed
terminated. Without limitation of the above, to the extent that Pledgor shall
make full payment for any one or more Vested Shares (as defined in the
Restricted Stock Purchase Agreement), including without limitation any accrued
interest applicable thereto, Pledgee shall promptly release such Vested Shares
from the liens and restrictions of this Pledge Agreement.

         9. Successors and Assigns. This Pledge Agreement shall be binding upon
the Pledgor and its successors and permitted assigns. This Pledge Agreement
shall inure to the benefit of the Pledgee and its successors and assigns.

         10. General. This Pledge Agreement shall be governed by the laws of the
State of Indiana, notwithstanding conflicts of law principles. Wherever possible
each provision of this Pledge Agreement shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this
Pledge Agreement shall be prohibited by or invalid under any such law, such
provision shall be ineffective to the extent of such prohibition or invalidity,
without invalidating the remainder of such provision or the remaining provisions
of this Pledge Agreement. Section headings are for ease of reference only and
shall not govern the interpretation of any provisions hereof.

<PAGE>

         IN WITNESS WHEREOF, the Pledgor and the Pledgee have duly executed this
Pledge Agreement effective as of the 20th day of July, 2001.

                                      By:  /s/ Douglas E. May
                                           ------------------------------
                                           Douglas E. May ("Pledgor")

                                      WOW ENTERTAINMENT, INC.

                                      By:  /s/ Douglas E. May
                                           ------------------------------

                                      Printed: Douglas E. May
                                               --------------------------

                                      Title:   CFO, VP of Finance, Corp. Sec.
                                               ----------------------------
                                               ("Pledgee")Exhibit 4.2

                       RESTRICTED STOCK PURCHASE AGREEMENT

                  This Restricted Stock Purchase Agreement (the "Agreement") is
made as of this 20th day of July, 2001, by and between WOW ENTERTAINMENT, INC.,
a Delaware corporation with its principal place of business at Bank One Tower,
111 Monument Circle, Suite 4600, Indianapolis, Indiana 46204 (the "Company"),
and WILLIAM A. SHOEMAKE, whose address is 9990 Sugar Leaf Drive, Noblesville,
Indiana 46060 (the "Employee").

         WHEREAS, the following facts are true:

1. The Employee has this date executed an employment agreement (the "Employment
Agreement") with CornerStone Wireless Services Incorporated, an Indiana
corporation, which is a wholly-owned subsidiary of the Company (hereinafter
"CornerStone"). A copy of the Employment Agreement is attached hereto and made a
part hereof by reference as Exhibit A.

2. In connection with the Employee's employment by CornerStone, the Company has
agreed to issue and sell to Employee a total of 2,000,000 shares of its voting
common stock (the "Common Stock"), par value $.01 per share, subject to the
terms and conditions of this Agreement.

     NOW, THEREFORE, in consideration of the promises and the mutual covenants
of the parties contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and
the Employee hereby agree as follows:

     1. Purchase and Sale of Shares. The Company hereby issues and sells to the
Employee, and the Employee hereby purchases from the Company, 2,000,000 shares
of Common Stock of the Company (hereinafter the "Shares") for the aggregate
purchase price of $300,000 (for a purchase price per Share of $.15) (the
aggregate purchase price for the Shares sometimes referred to as the "Purchase
Price" and the Purchase Price per Share sometimes referred to as the "Per Share
Purchase Price"). Employee has paid the Purchase Price for the Shares in the
manner described in Section 2 below. The parties acknowledge that the market
value of each Share as of the date of execution of this Agreement is $.15.

     As of the date hereof, all Shares are Unvested Shares as defined below in
this Section 1. Except if and to the extent such Shares become Vested Shares as
defined below in this Section 1, the Shares shall be unvested and shall be
subject to the terms and conditions of this Agreement applicable to Unvested
Shares, including without limitation restrictions on transfer and obligations of
the Company to repurchase such Unvested Shares in certain events. (Any Shares
which are at any time vested under the terms of this

<PAGE>

Agreement are sometimes referred to herein as "Vested Shares." Any Shares that
are not vested at any time in accordance with this Agreement are sometimes
referred to herein as "Unvested Shares.") Company has this date issued one or
more certificates for the Shares registered in the name of the Employee with a
restrictive legend on each such certificate as described in Section 8 of this
Agreement.

2. Payment for Shares; Security for Note. Employee has paid the Purchase Price
to the Company by executing and delivering to the Company on the date hereof a
Recourse Promissory Note for the amount of the Purchase Price (the "Note"), a
copy of which is attached hereto and made a part hereof by reference as Exhibit
B. To secure the performance of his obligations under the Note, the Employee has
also executed and delivered to the Company on the date hereof a Stock Pledge
Agreement (the "Pledge Agreement"), a copy of which is attached hereto and made
a part hereof by reference as Exhibit C. Under the terms of the Pledge
Agreement, the Employee has pledged the Shares and certain other collateral in
respect of the Shares to the Company as security for the performance of the
obligations of the Employee under the Note. Employee represents to the Company
that he is acquiring the Shares for the purpose of investment and not with a
view to the distribution or sale thereof.

3. Restrictions on Unvested Shares. So long as Shares shall remain Unvested
Shares, such Shares may not be sold, assigned, transferred, pledged or otherwise
encumbered by the Employee or any successor or assignee thereof, whether
voluntarily or by operation of law, and such Unvested Shares shall be subject to
repurchase by the Company in accordance with Section 6 below.

4. Vesting of Shares. Subject to the provisions of this Agreement, the Unvested
Shares shall become Vested Shares in accordance with the following vesting
schedule when, as, and if CornerStone shall achieve one or more of the following
cumulative financial results on or before October 31, 2006 (hereinafter the
"Expiration Date"):

   Number of Shares                     Vesting Date
       Vested

   500,000 Shares                       30 days after the end of the first
                                        calendar quarter as of which Cumulative
                                        EBITDA shall equal or exceed $0.

   An Additional 500,000 Shares         30 days after the end of the first
                                        calendar quarter as of which Cumulative
                                        EBITDA shall equal or exceed $500,000.

<PAGE>

   An Additional 500,000 Shares         30 days after the end of the first
                                        calendar quarter as of which Cumulative
                                        EBITDA shall equal or exceed $1,000,000.

   An Additional 500,000 Shares         30 days after the end of the first
                                        calendar quarter as of which Cumulative
                                        EBITDA shall equal or exceed $2,000,000.

Any vesting date provided above may be extended by the Company to the date as of
which an unaudited statement of operations for the applicable calendar quarter
is completed, and the Company shall use commercially reasonable efforts to
complete such unaudited statement of operations as soon as practicable after the
end of the calendar quarter.

Vesting of Shares as provided above shall expire on the Expiration Date, or such
earlier date as provided in Section 5 below.

     For purposes of this Agreement, "EBITDA" for any one or more period(s)
shall mean earnings before interest, taxes, depreciation and amortization of
CornerStone for such period(s), expressed as a positive or negative number, as
determined by the Company in accordance with generally accepted accounting
principles. "Cumulative EBITDA" as of any calendar quarter shall mean the sum of
EBITDA for each complete fiscal year of CornerStone prior to the fiscal year in
which such calendar quarter occurs, and EBITDA for the current fiscal year to
and including such calendar quarter. (The fiscal year of the Company and
CornerStone extends from September 1 of a calendar year to and including August
31 of the next succeeding calendar year, except that the initial fiscal year of
CornerStone shall commence on July ____, 2001, and extend to and including
August 31, 2001.) The determination of EBITDA for any fiscal year of CornerStone
shall be made by the Company in accordance with the audited statement of
operations of CornerStone for such fiscal year, or if there is no such audited
statement of operations of CornerStone for such fiscal year, in accordance with
the unaudited statement of operations of CornerStone for such fiscal year. The
determination of EBITDA for any period other than a fiscal year shall be made by
the Company in accordance with the unaudited statements of operations of
CornerStone for calendar quarters included within such period. For purposes of
this Agreement, a calendar quarter shall mean a period of three (3) calendar
months ending on February 28 (or February 29 if applicable), May 31, August 31,
or November 30, as applicable. Any determinations of EBITDA by the Company for
any period(s) shall be conclusive, and shall be final and binding on the
parties.

     The Company shall notify the Employee promptly when any Shares become
Vested Shares, and shall promptly issue one or more certificates for such Vested
Shares to the Employee as provided in Section 8 below.

     5. Termination of Vesting in Certain Events. Notwithstanding the provisions
of Section 4, vesting of Shares in accordance with Section 4 shall expire prior
to the Expiration Date on the earlier to occur of the following:

<PAGE>

                  (a)      A Change of Control of CornerStone;

                  (b)      Termination by CornerStone or the Employee of the
                           employment of the Employee with CornerStone for any
                           reason or for no reason, including the death or
                           permanent disability of Employee, as determined by
                           the Company.

                  Notwithstanding the foregoing, in the event of a "Company
Termination Without Cause" or an "Employee Termination for Cause" under the
terms of the Employment Agreement, the expiration of vesting shall occur on the
earliest to occur of (i) a Change of Control of CornerStone; (ii) one (1) year
subsequent to the termination of the employment of Employee incident to such
Company Termination Without Cause or Employee Termination for Cause, as
applicable; or (iii) the Expiration Date.

                  In the event that vesting shall expire under this Section due
to a Change of Control of CornerStone, the number of Vested Shares to which the
Employee shall be entitled as of the date on which the Change of Control shall
become effective shall be the number of Vested Shares to which the Employee
shall otherwise be entitled under Section 4 of this Agreement as of the
effective date of the Change of Control of CornerStone.

                  For purposes of this Agreement, a Change of Control of
CornerStone shall be deemed to have occurred in either of the following events,
except where an acquirer of any beneficial ownership of CornerStone or its
assets otherwise described in subsections (x) and (y) below shall assume in
writing the Company's obligations under this Agreement:

                  (x) Acquisition by any individual, entity, or group (an
         "Entity"), including any "persons" within the meaning of Section
         13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the
         "Exchange Act"), of beneficial ownership (within the meaning of Rule
         13d-3 promulgated under the Exchange Act) of greater than fifty percent
         (50%) of either (i) the then outstanding shares of Common Stock of
         CornerStone or (ii) the combined voting power of the then outstanding
         securities of CornerStone entitled to vote generally in the election of
         directors; excluding, however, any acquisitions of any such interests
         by the Company or any one or more of John F. Fisbeck, Carter M.
         Fortune, or any affiliates of John F. Fisbeck or Carter M. Fortune, as
         such term is defined in the Exchange Act (hereinafter "Affiliates"); or

              (y) Acquisition by any Entity, as defined in (a) above, of all or
         substantially all of the operating assets of CornerStone; excluding
         however any such acquisition by the Company or any one or more of John
         F. Fisbeck, Carter M. Fortune, or any Affiliates thereof.

         On the earlier of the Expiration Date or a date eighteen (18) months
after Shares become Vested Shares under this Agreement, Employee shall prepay a
portion of the outstanding principal balance of the Note equal to the number of
such Vested Shares times the Per Share Purchase Price, together with the accrued
interest allocable to such prepaid principal amount prorated on a daily basis to
the date of such payment.

<PAGE>

         6. Repurchase of Unvested Shares by the Company. Upon the expiration of
vesting under Sections 4 or 5 above, as applicable, Employee, or his personal
representative, shall sell, and the Company shall purchase, all Unvested Shares
at a price per Share equal to the lesser of the Per Share Purchase Price or the
fair market value per Share of the Unvested Shares as of such date, as
determined by the Company. Such sale and purchase shall take place at the
principal office of the Company within thirty (30) days subsequent to the
effective date of expiration of vesting under this Agreement; provided, however,
that if the Company is prohibited from repurchasing Unvested Shares pursuant to
Section 160 of the Delaware General Corporation Law as amended from time to time
(or any successor provision) then the time period within which such closing
shall occur shall be extended until twenty (20) days after the Company is first
not so prohibited. At such closing, the Employee or his personal representative
shall transfer all such Unvested Shares to the Company. Any amounts payable to
the Employee for the Unvested Shares shall first be applied to pay or prepay, as
applicable, the unpaid balance of the Note, with any such amounts applied first
to attorneys' fees and costs (if any), then to accrued interest under the Note,
and then to the principal balance of the Note. The balance of the purchase
price, if any, due by the Company in connection with a repurchase of Unvested
Shares under this Section shall then be paid to the Employee or his personal
representative by wire transfer to one or more accounts designated by Employee
or his personal representative. The balance of the Note, if any, due by the
Employee subsequent to the repurchase of Unvested Shares shall be paid by
Employee to the Company at closing by wire transfer to one or more accounts
designated by the Company.

                  Employee has this date executed and delivered to the Company a
stock power in blank with respect to the Shares, and hereby further authorizes
the Company and its authorized officers to execute on his behalf any and all
documents and to perform on his behalf any and all other actions which may be
required in connection with the transactions described in this Section 6.

         7. Effect of Vesting. Subject to the provisions of this Section, the
Employee may own and dispose of Vested Shares without restriction. However, any
Vested Shares shall remain subject to the restrictions under the Pledge
Agreement until and unless Employee shall pay or prepay the portion of the Note
allocable to such Vested Shares in accordance with Section 5 above. In addition,
any transfer or assignment of the Vested Shares shall remain subject to the
provisions of the Securities Act of 1933, as amended (the "Securities Act"), and
any rules and regulations thereunder, and of any applicable state securities
laws. Without limitation of the above, Employee represents that any sales of
Shares at a time when Employee may be deemed an "affiliate" of the Company for
purposes of the Securities Act shall be made in accordance with the requirements
of Rule 144 under the Securities Act (or any successor rule) applicable to sales
of Shares registered under the Securities Act by an "affiliate" or in a
transaction otherwise exempt from the registration requirements of the
Securities Act and as to which the Company shall have received an opinion of
counsel satisfactory to it confirming such exemption.

<PAGE>

         8. Certificates for Shares. The Company shall issue one or more
certificates with respect to the Unvested Shares in the name of Employee and
shall hold such certificates on deposit for the account of the Employee until
and except to the extent that such Unvested Shares shall become Vested Shares.
Each such certificate for the Unvested Shares shall bear the following legend:

                  The Shares represented by this Certificate are subject to
                  restrictions set forth in a certain Restricted Stock Purchase
                  Agreement dated July _____, 2001, entered into by and between
                  WOW Entertainment, Inc. and William A. Shoemake, a copy of
                  which Agreement is available for inspection at the offices of
                  the Company or will be made available upon request.

                  Upon vesting of Shares in accordance with this Agreement, the
Company shall exchange the previously issued certificates in respect of the
Unvested Shares which have become vested for a new certificate or certificates
in respect of the Vested Shares that shall not bear the legend described above
in this Section applicable to Unvested Shares. Notwithstanding any other
provisions of this Section 8, however, any certificates for Shares shall at the
option of the Company bear a legend satisfactory to the Company relating to
compliance with requirements under the Securities Act and other applicable
federal and state securities laws, and shall at the option of the Company also
bear a legend satisfactory to the Company relating to any applicable
restrictions under the Pledge Agreement.

         9. Voting; Cash Dividends. Except as otherwise provided in this
Agreement or under the Pledge Agreement, the Employee, as owner of Shares
(including but not limited to Unvested Shares) shall have all the rights of a
shareholder of the Company, including but not limited to the right to receive
all cash dividends paid with respect to the Shares and the right to vote the
Shares.

         10. Adjustments for Changes in Capitalization of the Company and
Distributions with Respect to Shares. In event of any change in the outstanding
shares of common stock of the Company subsequent to the date hereof by reason of
any reorganization, recapitalization, stock split, reverse stock split, stock
dividend, combination or exchange of shares, merger, consolidation, or any
change in the corporate structure of the Company or in the shares of Common
Stock, the number and class of Shares covered by this Agreement shall be
appropriately adjusted by the Company to reflect any such change, or the
securities issued in any such transaction, the determination by the Company of
which shall be conclusive. If the Company shall pay a stock dividend or declare
a stock split or reverse stock split, or otherwise distribute securities of the
Company to the holders of its Common Stock, the number of shares of stock or
other securities of the Company issued with respect to the Shares then subject
to the restrictions contained in this Agreement shall be added to (or, if
applicable, substituted for) the Shares subject to this Agreement. If the
Company shall distribute to its shareholders securities of another corporation,
the securities of such other corporation shall be deemed as part of the Shares
with respect to which they are distributed for purposes of this Agreement.

<PAGE>

         11. No Assurance of Employment. Nothing in this Agreement shall be
deemed to create any obligation of the Employee to continue in the service of
CornerStone or the Company, or any obligation of CornerStone or the Company to
continue the employment of Employee.

         12. Tax Liabilities of Employee. Upon vesting of Shares (or at such
earlier time as an election is made by the Employee under Section 83(b) of the
Internal Revenue Code of 1986, as amended, or any successor provision thereto,
to include the value of the Shares in taxable income), the Company and
CornerStone shall have the right to require the Employee or other person
receiving the Shares to pay the Company or CornerStone the amount of any taxes
which it is required to withhold with respect to the Shares or, in lieu thereof,
to retain, or sell without notice, a sufficient number of the Shares to cover
the amount required to be withheld. The Company and CornerStone shall have the
right to deduct from all dividends paid on the Shares the amount of any taxes
which the Company or CornerStone or any Affiliate is required to withhold with
respect to such dividend payments.

         13. Notices. Any notices provided for in this Agreement shall be given
in writing and shall be deemed served when delivered personally to the person or
entity for whom intended or two (2) days after deposit in the United States
Mail, Certified Mail, Return Receipt Requested, addressed to the person or
entity for whom intended. The address of the Company shall be its principal
place of business, and the address for the Employee shall be the address first
indicated above or the last known address of the Employee in the records of
CornerStone. Either party may change his or its address for the purpose of
notice hereunder by written notice to the other party in the manner provided in
this Section.

         14. Assignment. The Company may assign in whole or in part to any
person or entity any of its rights or obligations under this Agreement. The
Employee may not assign to any person or entity any of his rights or obligations
hereunder.

         15. Successors and Assigns. This Agreement shall inure to the benefit
of the Company, its successors and assigns, and shall be binding upon the
Employee, his administrator, executor, personal representative, successors,
heirs, and permitted assigns.

         16. Entire Agreement; Waivers. This Agreement constitutes the entire
agreement of the parties regarding the subject matter hereof. No amendment or
modification of this Agreement shall be valid unless it is in writing and signed
by the Company and the Employee. Any waiver by one party of a breach of any
provision of this Agreement shall not operate or be construed as a waiver of any
subsequent breach of the same or any other provision by the other party.

         17. Severability. The invalidity of any provision of the Agreement
shall not in any way affect the validity of any other provisions hereof, and
each and every provision of this Agreement shall be enforceable regardless of
the invalidity, if any, of any other provision hereof.

         18. Prevailing Party. In any suit or proceeding brought or instituted
by any party to this Agreement to enforce or interpret any of the provisions of
this Agreement or on account of any damages or loss sustained by such party by
reason of breach or violation by the other party of any

<PAGE>

of the terms or provisions of this Agreement, the prevailing party will be
entitled to recover all expenses and costs incurred, including reasonable
attorneys' fees and costs, including expenses, fees and costs incurred in
connection with any appeal and/or collection efforts.

         19. Governing Law. This Agreement shall be construed in accordance
with the laws of the State of Indiana, without regard to conflict of laws
issues.

         20. Actions of Company. All acts and determinations of the Company
under this Agreement shall be subject to prior approval of the Board of
Directors of the Company and shall be implemented by one or more of the
directors, employees or agents of the Company other than Employee, and Employee
may not take any action or make any determination on behalf of the Company under
this Agreement.

         21. Counterparts; Facsimile Signatures. This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. Delivery by a
party of executed counterparts of this Agreement by facsimile shall constitute
execution and delivery of such counterpart by such party to the same extent as
if such counterpart were originally executed and delivered by such party.

         IN WITNESS WHEREOF, this Agreement has been executed as of the date
first above written.

                                       WOW ENTERTAINMENT, INC.

                                       By: /s/ Douglas E. May
                                           ------------------------------------
                                       Its:
                                            -----------------------------------

                                                         "Company"

                                       /s/ William A. Shoemake
                                       -----------------------------------------
                                       WILLIAM A. SHOEMAKE

                                                         "Employee"

<PAGE>

                                    Exhibit A

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT ("Agreement"), made this 20th day of July,
2001, by and between CORNERSTONE WIRELESS SERVICES INCORPORATED, an Indiana
corporation (the "Company") and WILLIAM A. SHOEMAKE ("Employee").

         WHEREAS, the following facts are true:

         1. The Company is engaged in the business of providing design services
(including architectural and engineering services) in connection with the
development and expansion of wireless transmission towers and other facilities
for the wireless telecommunications industry within the United States. The
Company is a wholly-owed subsidiary of WOW Entertainment, Inc., a Delaware
corporation ("WOW Entertainment").

         2. Company wishes to employ Employee, and Employee wishes to accept
employment with the Company, on the terms and conditions contained herein;

         NOW, THEREFORE, in consideration of the mutual promises and covenants
hereinafter contained, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

         1. Employment. Employee shall serve as Chief Executive Officer and
President of the Company, or in such other capacities as the Board of Directors
of the Company may determine from time to time, subject to the terms and
conditions hereinafter set forth. Employee agrees that he will perform the
duties assigned to him by the Board of Directors of the Company, as set forth on
Exhibit A hereto, on a full-time basis and at the direction of the Board of
Directors of the Company. Employee will render to the Board of Directors of the
Company, upon its reasonable request, reports and accountings of the status and
progress of any work he is performing. Employee shall be required to do such
traveling as may reasonably be necessary to perform his duties and
responsibilities hereunder, but Employee shall be based at the Company's office
in Indianapolis, Indiana, unless he otherwise agrees. Employee shall not be
required by the Company to perform any duties which would violate the terms of
the Employment Agreement between NEW SUB 1, Inc. ("NEW SUB 1"), a wholly-owned
subsidiary of qServe Communications, Inc. ("qServe"), and Employee, dated as of
July 11, 2000, or the terms of a Noncompetition Agreement by and among NEW SUB
1, qServe, and Employee, dated as of July 11, 2000.

         2. Term. The initial term (the "Initial Term") of this Agreement shall
begin on the date hereof and shall expire on the third (3rd) anniversary of the
date hereof. At the end of the Initial Term or any Renewal Term (as defined
below), this Agreement automatically shall renew for a maximum of three (3)
successive one (1) year periods (each a "Renewal Term") unless either the
Employee or Company shall elect to terminate this Agreement in writing no later
than sixty (60) days prior to the end of the Initial Term or a Renewal Term, as
the case may be.

<PAGE>

         3. Compensation.

                  (a) Base Salary. For services rendered by Employee under this
Agreement during the Initial Term hereof, Employee shall be entitled to receive
a base annual salary in the amount of One Hundred Twenty-Five Thousand Dollars
($125,000.00), payable in accordance with the Company's customary payroll
procedures ("Base Salary"). For any Renewal Terms, the amount of base annual
salary to be received by Employee shall be as agreed by Employee and the
Company, but shall be at least equal to the Base Salary.

                  (b) Operating Bonuses. In addition to the Base Salary as
provided above, Employee shall also be entitled to receive a bonus for each
fiscal year of the Company (currently September 1 of a calendar year to and
including August 31 of the succeeding year) (a "Fiscal Year") during the Initial
Term and any Renewal Terms of this Agreement, if any, in which EBITDA of the
Company (expressed as a positive or negative number) shall be greater than zero
(0). The bonus, if any, payable to Employee for each such Fiscal Year shall
equal two percent (2%) of the positive EBITDA of the Company for such Fiscal
Year. However, subsequent to the calendar quarter in which Cumulative EBITDA of
the Company shall first equal or exceed Five Million Dollars ($5,000,000), the
bonus, if any, payable to Employee with respect to periods thereafter (including
a portion of any Fiscal Year) shall equal one percent (1%) of the positive
EBITDA of the Company for such periods. For purposes of this Agreement, the
first Fiscal Year under this Agreement (the "Initial Fiscal Year") shall be
deemed to extend from the date of execution of this Agreement to and including
August 31, 2002.

                  The bonus payable to Employee for any Fiscal Year shall be
paid to Employee on or before a date sixty (60) days subsequent to the end of
such Fiscal Year.

                  For purposes of this Agreement, "EBITDA" for each Fiscal Year
shall mean earnings before interest, taxes, depreciation, and amortization of
the Company for such Fiscal Year, expressed as a positive or negative number, as
determined by the Company in accordance with generally accepted accounting
principles. Such determination shall be based on the audited statement of
operations of the Company applicable for the Fiscal Year (or if there is no
audited statement of operations of the Company for such Fiscal Year, then based
on the unaudited statement of operations of the Company for such Fiscal Year),
and the determination by the Company of EBITDA for each Fiscal Year shall be
conclusive, and shall be final and binding on the parties. For purposes of this
Agreement, Cumulative EBITDA as of the end of any Fiscal Year shall mean the sum
of EBITDA for such Fiscal Year and for each prior Fiscal Year. The determination
of Cumulative EBITDA shall be made by the Company, and its determination shall
be final and binding on the parties. For purposes of this Agreement, a calendar
quarter shall mean a period of three (3) calendar months ending February 28 (or
February 29, as applicable), May 31, August 31, or November 30, as applicable.
Any determination of EBITDA by the Company for any such periods shall be
conclusive, and shall be final and binding on the parties.

                  (c) Restricted Stock Purchase Agreement. WOW Entertainment and
the Employee have executed this date a Restricted Stock Purchase Agreement, in
the form attached

<PAGE>

hereto and made a part hereof by reference as Exhibit B, with respect to two
million (2,000,000) shares of common stock of WOW Entertainment issued to
Employee. Employee's entitlement to benefits under such Restricted Stock
Purchase Agreement shall be determined solely under the terms of such Restricted
Stock Purchase Agreement.

                  (d) Special Bonus In the Event of Change of Control
Transaction. In the event of a Change of Control Transaction, Employee shall be
entitled to a special change of control bonus in an amount equal to five percent
(5%) of the excess of the total consideration payable by the acquiring person or
entity (the "Acquirer") in connection with the Change of Control Transaction,
net of transaction expenses, over the amount of the total investment by WOW
Entertainment in the Company as of the effective date of such Change of Control
Transaction. Such total investment shall include all equity of WOW Entertainment
in the Company at the effective date of such Change of Control Transaction,
together with all indebtedness and intercompany accounts payable of the Company
to WOW Entertainment as of the effective date of such Change of Control
Transaction. The determination of such bonus shall be made by the Company, and
shall be conclusive, final, and binding on the parties. Any such bonus shall be
paid within thirty (30) days subsequent to the closing of such Change of Control
Transaction.

                  For purposes of this Agreement, a "Change of Control
Transaction" shall mean one of the following:

               (i)  Acquisition by any individual, entity, or group (an
                    "Entity"), including any "persons" within the meaning of
                    Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
                    of 1934 (the "Exchange Act"), of beneficial ownership
                    (within the meaning of Rule 13(d)-3 promulgated under the
                    Exchange Act) of greater than fifty percent (50%) of either
                    (A) the then outstanding shares of common stock of the
                    Company or (B) the combined voting power of the then
                    outstanding securities of the Company entitled to vote
                    generally in the election of directors; excluding, however,
                    any acquisitions of any interest by the Company or WOW
                    Entertainment or any one or more of John F. Fisbeck, Carter
                    M. Fortune, or any Affiliates of John F. Fisbeck or Carter
                    M. Fortune, as such term is defined in the Exchange Act
                    (hereinafter "Affiliates"); or

               (ii) Acquisition by any Entity, as defined in (i) above, of all
                    or substantially all of the operating assets of the Company;
                    excluding, however, any such acquisition by the Company or
                    WOW Entertainment or any one or more of John F. Fisbeck,
                    Carter M. Fortune, or any Affiliates thereof.

                  (e) Termination of Entitlement to Bonus. The eligibility of
Employee for any bonus payable under Sections 3(b) or 3(d) above shall terminate
immediately in the event of a termination by either the Company or the Employee
of Employee's employment with the Company for any reason, or for no reason,
including the death or permanent disability of the Employee, as determined by
the Company.

<PAGE>

                  Notwithstanding the foregoing, in the event that the
employment of Employee shall be terminated due to a Company Termination Without
Cause pursuant to this Agreement or by Employee due to an Employee Termination
for Cause pursuant to this Agreement, Employee shall remain entitled to bonuses
in accordance with Section 3(b) and Section 3(d) as follows:

               (i)  Employee shall remain entitled to bonus under Section 3(b)
                    for the Fiscal Year within which the Company Termination
                    Without Cause or Employee Termination for Cause shall occur
                    as if such employment continued to and including a date
                    twelve (12) months subsequent to the effective date of the
                    Company Termination Without Cause or Employee Termination
                    for Cause. The bonus, if any, under Section 3(b) for the
                    Fiscal Year in which the Company Termination Without Cause
                    or Employee Termination for Cause become effective shall be
                    computed and paid for such Fiscal Year as provided in
                    Section 3(b). The bonus under Section 3(b) for the portion
                    of such twelve (12) month period extending beyond the end of
                    such Fiscal Year shall be equal to the product of the bonus
                    which would otherwise be payable to Employee for the next
                    succeeding Fiscal Year if he were employed, determined as
                    provided under Section 3(b) above, times a fraction, the
                    numerator of which is the number of days from the end of the
                    Fiscal Year in which the Company Termination Without Cause
                    or Employee Termination for Cause becomes effective to and
                    including the expiration of the twelve (12) month period
                    subsequent to the effective date of the Company Termination
                    Without Cause or Employee Termination for Cause, and the
                    denominator of which is 365. The bonus, if any, described
                    under this Section 3(e)(i) shall be determined by the
                    Company, and its determination shall be final and binding on
                    the parties. Any bonus allocable to the Fiscal Year next
                    succeeding the Fiscal Year in which the Company Termination
                    Without Cause or Employee Termination for Cause becomes
                    effective shall be paid to Employee on or before a date
                    sixty (60) days subsequent to the end of such next
                    succeeding Fiscal Year.

               (ii) Employee shall remain entitled to any bonus payable under
                    Section 3(d) with respect to any Change of Control
                    Transaction which closes within a period of six (6) months
                    subsequent to the Company Termination Without Cause or the
                    Employee Termination With Cause, as applicable.

                  (f) Tax Withholding. Any and all compensation, including
bonuses, paid by the Company to Employee pursuant to this Section 3 shall be
paid to Employee after deduction or withholding of applicable federal, state,
and local taxes and contributions.

<PAGE>

         4. Benefits; Expenses. Subject to Employee's compliance with applicable
eligibility and underwriting standards, Employee shall be entitled to such
benefits, including but not limited to life and other insurance coverages,
medical insurance, vacation, and other fringe benefits, as may be provided by
WOW Entertainment or the Company from time to time to other key employees of WOW
Entertainment or the Company who exercise comparable management functions.
During the term of this Agreement, the Company, Company shall pay or reimburse
Employee for all reasonable travel and business expenses incurred or paid by
Employee in the performance of his duties hereunder which are incurred by
Employee, in accordance with policies and procedures of the Company in effect
from time to time.

         5. Confidential Information; Trade Secrets. Employee agrees that all
Confidential Information and Trade Secrets received or developed by Employee as
of the date hereof, or subsequently obtained by the Employee in his performance
of his duties for Company are confidential to and are and will remain the sole
and exclusive property of Company, and to the extent applicable, any such
information developed by Employee shall be deemed "works made for hire" under
the U.S. Copyright laws. To the extent that such Confidential Information or
Trade Secrets shall not constitute "works made for hire," Employee hereby
assigns and transfers to the Company all right, title, and interest in and to
such Confidential Information and Trade Secrets. For a period of five (5) years
following termination of this Agreement, Employee will hold such Confidential
Information in trust and strictest confidence, and will not use, reproduce,
distribute, disclose or otherwise disseminate the Confidential Information,
except to the extent necessary to perform the duties assigned to Employee by
Company. The confidentiality requirements and use restrictions contained in this
Section 5 shall survive for the period specified herein but shall not apply to
any information that becomes publicly available through no action of Employee.

                  For purposes of this Agreement, "Confidential Information"
means information owned by the Company and/or any business entity related to
Company and related directly to the business of Company or such business entity
related to Company, which (1) derives economic value, actual or potential, from
not being generally known to or readily ascertainable by proper means by other
persons who can obtain economic value from its disclosure or use; and (2) is the
subject of efforts that are reasonable under the circumstances to maintain its
secrecy. Confidential Information includes "Trade Secrets," which includes
information that meets the foregoing criteria and includes, without limitation,
technical and nontechnical data, formulas, patterns, compilations, programs,
devices, methods, techniques, drawings, processes, financial data, financial
plans, product plans, pricing information, marketing information and lists of
actual or potential acquisition candidates, potential sites for development and
suppliers. Confidential Information also includes information which has been
disclosed to Company (or a business entity related to Company) by a third party
and which Company (or a business entity related to Company) is obligated to
treat as confidential.

                  All records, notes, files, memoranda, reports, marketing
information, price lists, supplier lists and information, documents, and all
copies thereof, equipment, and apparatus and like items relating directly to the
business of Company (and/or a business entity related to Company), Confidential
Information or Trade Secrets which shall be prepared by Employee in the
performance

<PAGE>

of his duties for Company or which shall be disclosed to or which shall come
into the possession of Employee through his performance of his duties hereunder
shall be and remain the sole and exclusive property of Company. Employee agrees
that, upon the termination of his employment with Company, or at any other time
upon request, he will promptly deliver to Company the originals and all copies
of any of the foregoing that are in his possession, custody or control, and any
other property belonging to Company (and/or a business entity related to
Company).

         6. Agreement Not to Compete - Competing Businesses. Employee hereby
acknowledges that Company is in the business of providing design services
(including without limitation architectural and engineering services) in
connection with the development and expansion of wireless transmission towers
and other facilities for the wireless telecommunications industry, and that the
Company may subsequently during the term of this Agreement engage in other lines
of business from time to time (any one or more of such businesses in which the
Company may engage during the term of this Agreement shall be referred to from
time to time as the "Company Business" and any one or more services provided by
the Company in connection with such businesses shall be referred to as
"Competing Services"). Employee covenants and agrees that during his employment
by the Company and for a period of two (2) years after the termination thereof
by either party for any reason or for no reason, he will not, within the
geographical area consisting of the states of Indiana and other states within
the United States in which the Company shall have engaged in the Company
Business at any time within a two (2) year period prior to the termination of
such employment, without the prior written consent of Company, for his own
account or jointly with another or others, directly or indirectly, for or on
behalf of any individual, partnership, corporation, limited liability company or
other legal entity, as principal, agent, independent contractor or otherwise,
own, engage in, conduct, control, operate, manage, be employed by, consult with,
or otherwise participate in, a business engaging directly or indirectly in the
same or substantially similar business as the Company Business or providing
Competing Services ("Competing Business").

         7.        Agreement Not to Compete - Customers; Employees.

                  (a) Employee covenants and agrees that during his employment
by Company and for a period of two (2) years following the termination by either
party, for any reason, or for no reason, of such employment, he will not,
without the prior written consent of Company, either directly or indirectly on
his own behalf or in the service or on behalf of others (i) provide or offer to
provide (or assist or manage others in providing) any Competing Services to any
persons or entities who are or have been direct or indirect customers or
prospects of the Company in connection with the Company Business at any time
during any portion of the period of two (2) years immediately preceding the
termination of Employee's employment with Company or (ii) interfere with any
contractual arrangement or agreements between Company (or an Affiliate of
Company) and any other person or entity. Notwithstanding the foregoing, Employee
may subsequent to his employment by Company, without violating the provisions of
Section 7(a)(i) above, engage in providing services, which would otherwise
constitute Competing Services solely as a full-time (and not temporary) employee
of a company (for example, Voicestream, Verizon) directly engaged in providing
wireless telecommunications services to its direct customers, provided that such
services are provided exclusively to and for such company.

<PAGE>

                  (b) Employee covenants and agrees that for a period of two (2)
years following the termination, for any reason, of his employment with the
Company, he will not, either directly or indirectly, on his own behalf or in the
service of or on behalf of others, solicit, divert, or hire away to a Competing
Business, any person employed by Company (or any Affiliate thereof), or
otherwise induce or influence any person to discontinue employment with Company
(or any Affiliate thereof), whether such person is a full-time or temporary
employee of Company (or any Affiliate thereof) and whether such employment is
pursuant to a written agreement or such employment is for a predetermined period
or is at will.

         8.       Remedies.

                   (a) It is understood and agreed by and between Employee and
  Company that the provisions of Sections 5, 6, 7 and this Section 8 are
  essential elements of this Agreement and are necessary to protect Company's
  legitimate business interests. Employee acknowledges and agrees that, by
  virtue of the special knowledge of Company's (and/or its Affiliates') affairs,
  business, clients, customers, Confidential Information, Trade Secrets, and
  operations that he will have as a consequence of being employed by the Company
  pursuant hereto, and the special and unique management services to be rendered
  by him under this Agreement, irreparable loss and damage will be suffered by
  Company (or its Affiliates) if Employee should breach or violate any of the
  covenants and agreements contained in Sections 5, 6, and 7 which cannot be
  adequately compensated in an action at law (it being impossible to measure in
  money the damages that the Company (or its Affiliates) will suffer by reason
  of such breach or violation). Employee further acknowledges and agrees that
  each of such covenants and agreements is reasonable in duration, scope and
  effect on Employee, is not unduly restrictive of Employee's rights as an
  individual and is reasonably necessary to protect and preserve the Company
  Business and is a material inducement to Company to enter into this Agreement
  and to pay Employee the compensation set forth herein and in the Restricted
  Stock Purchase Agreement. Employee, therefore, agrees and consents that, in
  addition to any other remedies available to it, Company shall be entitled to
  specific performance, injunctive, and other equitable relief (without being
  required to post any bond or other security) to prevent or restrain a breach
  or contemplated breach by Employee of any of the covenants or agreements
  contained in Sections 5, 6 and 7. If a court should hold that the duration
  and/or scope (geographic or otherwise) of the covenants and/or agreements
  contained in Sections 5, 6 and 7 hereof are unreasonable, then, to the extent
  permitted by law, the court may prescribe a duration and/or scope (geographic
  or otherwise) that is reasonable and the parties agree to accept such
  determination, subject to their rights of appeal. In addition, Company shall
  be entitled to terminate this Agreement or suspend the payment of any and all
  compensation (including but not limited to bonuses) to which Employee may be
  otherwise entitled hereunder during the period in which Employee is in breach
  of or has violated any of the covenants and agreements contained in Sections
  5, 6, and 7 hereof. Nothing herein shall be construed as prohibiting the
  Company from pursuing any other remedies available to it for such breach or
  threatened breach, including recovery of damages from Employee.
  Notwithstanding anything in this Agreement which could be interpreted to the
  contrary, the rights of the Company (or its Affiliates) under this Agreement
  to protect its Confidential Information, business records, and other
  proprietary interests are in addition

<PAGE>

  to, and not in lieu of, all other rights Company (or its Affiliates) may have
  at law or in equity to protect its Confidential Information, business
  records, and other proprietary interests.

                  (b) The existence of any claim, demand, action or cause of
action of Employee against Company, whether predicated upon this Agreement or
otherwise, shall not constitute a defense to the enforcement by Company of any
of the covenants contained in Sections 5, 6, and 7 hereof.

                  (c) Nothing contained in this Agreement shall limit, abridge
or modify the rights of the parties under applicable laws relating to the
protection of intellectual property, including but not limited to patents,
trademarks, copyrights, and trade secrets.

                  (d) If Employee shall be in violation of any of the covenants
and agreements set forth in Sections 5, 6 and 7 hereof, then the time limitation
thereof shall be extended for a period of time equal to the period of time
during which such breach or breaches occur. If (i) Company seeks injunctive
relief from such breach in any court, and (ii) if Company is ultimately
successful in proving such breach and is granted such injunctive relief, or if a
settlement is reached between Company and Employee which settlement provides
Company a remedy or remedies substantially the same as the injunctive relief
sought by Company, then such covenants and agreements shall be extended for a
period of time equal to the pendency of such injunction and/or settlement
proceedings, including all appeals.

         9.       Termination.

                  (a) This Agreement may be terminated immediately by Company
for "cause" upon notice of termination served personally or in accordance with
Section 14 hereof, such "cause" being specified in the notice. As used herein,
"cause" shall mean fraud, dishonesty, gross negligence, willful misconduct or an
act of moral turpitude, or engaging in activities prohibited by Sections 5, 6,
or 7 hereof or any other material breach of this Agreement, provided such other
material breach is not substantially cured by Employee within thirty (30) days
of the receipt of notice of such breach from Company. "Cause" shall also include
the death of Employee and any other failure of Employee for any reason to
perform the essential duties of his position for a period of sixty (60) days or
more. In addition to the above, any termination by the Company under this
Agreement for any reason or for no reason (including but not limited to any
termination otherwise described in Section 2 or Section 9(c)) shall be deemed to
be a termination for "cause" if, at the effective date of such termination, the
total investment of WOW Entertainment in the Company, including all equity of
WOW Entertainment in the Company together with all indebtedness and
inter-company accounts payable of the Company to WOW Entertainment as of such
date but excluding any such investments made by WOW Entertainment in the Company
on or before such date for the purpose of acquiring other business entities or
operations or establishing new branches, shall exceed $400,000. All such
determinations of the total investment of WOW Entertainment in the Company from
time to time shall be made by the Company, and its determinations shall be final
and binding on the parties. Any termination of the employment of Employee under
or described in this Section 9(a) shall be referred to herein as a "Company
Termination for Cause."

<PAGE>

                  (b) This Agreement may be terminated by Employee in the event
of a material breach hereof by the Company, including but not limited to
nonpayment of any amounts hereunder, which is not substantially cured by the
Company within thirty (30) days of receipt of notice of such breach from
Employee. Termination of the employment under this Section 9(b) shall be
referred to herein as an "Employee Termination for Cause."

                  (c) Without limitation of the above, either the Company or the
Employee may terminate this Agreement for any other reason or for no reason upon
the expiration of sixty (60) days after written notice thereof to the other
party. Except as provided under Section 9(a) above, termination by the Company
under this Section 9(c) or under Section 2 shall be referred to herein as a
"Company Termination Without Cause." A termination by the Employee under this
Section 9(c) or under Section 2 shall be referred to herein as an "Employee
Termination Without Cause."

                  (d) In the event of any termination of the employment of
Employee, Employee shall be entitled to receive Base Salary to and including the
effective date of such termination; provided, however, that in the event of an
Employee Termination for Cause or a Company Termination Without Cause, if and
only if at the effective date of such Employee Termination for Cause or a
Company Termination Without Cause the Company shall have Cumulative EBITDA in
excess of 0, Employee shall be entitled to payment of Base Salary for a period
extending for six (6) months subsequent to the effective date of any such
termination and to payment of bonuses in accordance with Section 3(e). For
purposes of this Section 9(d), Cumulative EBITDA shall have the same meaning as
provided in and shall be determined by the Company in accordance with Section
3(b), except that Cumulative EBITDA shall also include EBITDA (expressed as a
positive or negative number) for the period subsequent to the end of the prior
Fiscal Year, if any, to the end of the calendar month immediately prior to the
Employee Termination for Cause or Company Termination Without Cause, as
determined by the Company. Such determination of the Company shall be final and
binding on the parties. Employee shall have no remedies against the Company and
WOW Entertainment with respect to a termination of employment, except as
specifically provided in this Agreement.

         10. Successors and Assigns. This Agreement may not be assigned by
Employee. This Agreement may be assigned by the Company and shall be binding
upon the successors and assigns of Company.

         11. Severability. In the event any provision of this Agreement shall be
held void and unenforceable, the unaffected portion hereof shall remain in full
force and effect and this Agreement shall be deemed amended to excuse the
provisions held void and unenforceable and shall continue in full force and
effect, as amended.

         12. Governing Law; Jurisdiction; Venue. The validity and construction
of this Agreement shall be governed by the laws of the State of Indiana, without
regard to conflicts of law principles. The parties agree that, with respect to
any legal action arising out of the transactions contemplated by this Agreement,
they consent to personal and subject matter jurisdiction in the United States
federal courts or state courts located in Indiana, and that venue shall be had
solely in such courts.

<PAGE>

         13. Prevailing Party. In any suit or proceeding brought or instituted
by any party to this Agreement to enforce or interpret any of the provisions of
this Agreement or on account of any damages or loss sustained by such party by
reason of breach or violation by the other party of any of the terms or
provisions of this Agreement, the prevailing party will be entitled to recover
all expenses and costs incurred, including reasonable attorneys' fees and costs,
including expenses, fees and costs incurred in connection with any appeal and/or
collection efforts

         14. Notices. All notices, demands or communications required or
permitted under this Agreement will be in writing and delivered by hand or
mailed by certified mail, return receipt requested, postage and registration or
certification charges prepaid, or by nationally recognized overnight courier
service, to the party entitled thereto at the addresses set forth below, or such
other party(ies) or address(es) as a party specifies by written notice to the
other parties from time to time, and shall be deemed delivered or served at the
date of delivery by said courier service or two (2) days after deposit of said
notice, demand or communication in the U.S. mail. Except as noted above in
Section 12 with respect to service of process on Employee, each notice to
Company and Employee shall be addressed, until notice of change as aforesaid, as
follows:

                  If to Company:   CornerStone Wireless Services Incorporated
                                   6809 Corporate Drive
                                   Indianapolis, Inc. 46278
                                   Attn: Chief Executive Officer

                  If to Employee:  William A. Shoemake
                                   9990 Sugar Leaf Drive
                                   Noblesville, IN 46060

Either party may provide to the other party any notice of a change of address in
accordance with the above provisions.

         15. Entire Agreement and Amendment. This Agreement constitutes the
entire agreement of the parties hereto with respect to the subject matter hereof
and supersedes all prior discussions, understandings and agreements among the
parties hereto. Any such prior agreements shall, from and after the effective
date hereof, be null and void. This Agreement may not be changed orally, but
only by an agreement in writing signed by the party against whom enforcement of
any waiver, change, modification, extension or discharge is sought.

         16. Waiver. The waiver by one party of a breach of any provision of
this Agreement by the other party shall not operate or be construed as a waiver
of any subsequent breach of the same or any other provision by the other party.

         17. Survival. The agreements and covenants set forth in this Agreement
shall survive and continue until all obligations set forth herein shall have
been performed and satisfied.

<PAGE>

         18. Actions of Company. All acts and determinations of the Company
under this Agreement shall be subject to prior approval of the Board of
Directors of the Company, and shall be implemented by one or more directors,
employees, or agents of the Company other than Employee; and Employee may not
take any action or make any determination on behalf of the Company under this
Agreement.

         19. Counterparts; Facsimile Signatures. This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. Delivery by a
party of executed counterparts of this Agreement by facsimile shall constitute
execution and delivery of such counterpart by such party to the same extent as
if such counterpart were originally executed and delivered by such party.

           IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be duly executed as of the date hereinbefore set forth.

                                        CORNERSTONE WIRELESS
                                        SERVICES INCORPORATED

                                        By: /s/ Douglas E. May
                                            -----------------------------------
                                        Title: CFO
                                               --------------------------------

                                                    "Company"

                                       /s/ William A. Shoemake
                                       ----------------------------------------
                                       WILLIAM A. SHOEMAKE

                                                    "Employee"

<PAGE>

                                    EXHIBIT A

                                     Duties

         Such duties as are consistent with the position of Chief Executive
Officer and President or such other office or capacity as the Board of Directors
of the Company shall determine from time to time.

<PAGE>

                                    Exhibit B

                            RECOURSE PROMISSORY NOTE
                            ------------------------

$300,000                                                  Indianapolis, Indiana
                                                                  July 20, 2001

         FOR VALUE RECEIVED, the undersigned, WILLIAM A. SHOEMAKE ("Maker"),
promises to pay to WOW ENTERTAINMENT, INC. ("Payee") at Bank One Tower, 111
Monument Circle, Suite 4600, Indianapolis, Indiana 46204, or such other place as
Payee may from time to time designate to Maker in writing, the principal sum of
Three Hundred Thousand Dollars ($300,000.00), together with interest on the
outstanding principal balance existing from time to time from the date hereof at
the rate of six percent (6%) per annum, with payment of principal and interest
to be made as hereinafter provided.

         1. Maturity. This Note shall mature and be payable in full on October
31, 2006 (the "Maturity Date").

         2. Payment of Principal and Interest. Accrued interest shall be paid
annually on each anniversary date of the execution of this Note prior to the
Maturity Date, unless such day is a Saturday, Sunday or a public holiday or the
equivalent for banks generally under the laws of the State of Indiana, in which
case accrued interest shall be paid on the next succeeding day which is not a
Saturday, Sunday or a public holiday or the equivalent for banks generally under
the laws of the State of Indiana. The balance of principal and any unpaid
interest shall be paid on the Maturity Date. Time is of the essence of this
Note.

         3. Prepayments. Subject to the provisions hereof, Maker may prepay the
principal amount hereunder in whole or in part at any time without penalty,
together with interest accrued on any such prepaid amount to and including the
date of such prepayment. In addition, Maker shall prepay such portions of the
principal amount of this Note from time to time, together with interest accrued
on any such prepaid amount to and including the date of each such prepayment, as
and when such prepayments may be required under the terms of the Restricted
Stock Purchase Agreement, as described below.

         4. Restricted Stock Purchase Agreement and Pledge Agreement. This Note
is made in payment for certain stock of Payee being purchased by Maker from
Payee pursuant to a Restricted Stock Purchase Agreement of even date by and
between Maker and Payee (the "Restricted Stock Purchase Agreement"). The
obligations of Maker under this Note and any extensions or renewals hereof are
secured by a pledge of certain shares of Payee owned by Maker in accordance with
a Stock Pledge Agreement of even date by and between Maker and Payee (the
"Pledge Agreement"). Reference is made to both the Restricted Stock Purchase
Agreement and the Pledge Agreement herein for other rights as to defaults and
acceleration.

<PAGE>

         5. Default and Acceleration. Upon the occurrence of (i) a default by
Maker hereunder, or a default by Maker under the Restricted Stock Purchase
Agreement or under the Pledge Agreement and (ii) the expiration of ten (10)
days' written notice from Payee to Maker specifying the nature of such default
and the failure of Maker to cure such default within such ten (10) day period,
the entire principal sum outstanding hereunder, together with all accrued
interest thereon, shall, at the option of the Payee, become immediately due and
payable without notice, and said indebtedness may be collected and the security
interest under the Pledge Agreement may be foreclosed or otherwise realized
upon. No delay on the part of the Payee in exercising said option shall operate
as a waiver, or preclude exercise of such option during the existence of such
default or upon the occasion of a later default. All payments under this Note
shall be without relief from valuation and appraisement laws.

         6. Enforcement Costs. Maker agrees to pay immediately upon demand all
costs and expenses of Payee, including reasonable attorneys' fees, (i) if, after
a default and opportunity to cure as provided in Section 5, this Note is placed
in the hands of an attorney or attorneys for collection, (ii) if Payee finds it
necessary or desirable following a default and opportunity to cure as provided
in Section 6 to secure the services or advice of one or more attorneys with
regard to collection of this Note against Maker, or for protection of its rights
under this Note or the Pledge Agreement, or (iii) if Payee seeks to have the
property subject to the Pledge Agreement, or any part thereof, abandoned by any
estate in bankruptcy, or attempts to have any stay or injunction prohibiting the
enforcement or collection of the Note or prohibiting the enforcement of the
Pledge Agreement lifted by any bankruptcy or other court, and any subsequent
proceedings or appeals from any order or judgment entered in any such
proceeding.

         7. Waivers. The Payee, at its option, may make extensions of the time
for the payment of the indebtedness, or reduce the payments thereon, release any
collateral securing such indebtedness, or accept a renewal note or notes
therefor, all without notice, and Maker and endorsers hereby consent to any such
extensions, reductions or renewals, all without notice, and agree that any such
action shall not release them from any liability hereunder. Maker and endorsers
jointly and severally waive presentment for payment, notice of dishonor, notice
of nonpayment of this Note, and diligence in the collection thereof as
conditions of liability under this instrument.

         8. Other Provisions. This Note shall be deemed to be a contract made
under the laws of the State of Indiana, and for all purposes shall be construed
in accordance with and governed by the laws of such state without regard to
conflicts of laws principles. The terms and provisions of this Note shall be
binding upon and inure to the benefit of Maker and Payee and their respective
successors in interest and assigns. Maker shall not assign his obligations under
this Note without the prior written consent of Payee.

         Executed as of July 20, 2001.

                                       /s/ William A. Shoemake
                                       -----------------------------------
                                       William A. Shoemake

                                                  "Maker"

<PAGE>

                                    Exhibit C

                             STOCK PLEDGE AGREEMENT

         William A. Shoemake (the "Pledgor"), hereby delivers, sets over, and
pledges to WOW Entertainment, Inc., a Delaware corporation (the "Pledgee"), and
grants to the Pledgee a security interest in the following:

         (a)      Two Million (2,000,000) shares of common stock of Pledgee,
                  represented by Certificates Nos. ___ and ___ (collectively,
                  the "Pledged Stock");

         (b)      All certificates representing the Pledged Stock and all cash,
                  securities, dividends, distributions, interest and other
                  property at any time and from time to time received,
                  receivable or otherwise distributed in respect of or in
                  exchange for any or all of the Pledged Stock; and

         (c)      All additional shares of common stock, debt obligations or
                  securities of Pledgee at any time acquired by the Pledgor and
                  the certificates representing such additional shares, debt
                  obligations or securities and all cash, securities, dividends
                  or other property at any time and from time to time received,
                  receivable or otherwise distributed in respect of or in
                  exchange for all or any of such shares, debt obligations or
                  securities;

(collectively, the "Collateral") to secure the undertakings of the Pledgor
herein for the prompt and complete performance of the Obligations of the Pledgor
to the Pledgee under that certain Recourse Promissory Note of even date herewith
made by the Pledgor in favor of the Pledgee (as the same may be amended from
time to time, the "Note") and under that certain Restricted Stock Purchase
Agreement of even date herewith by and between Pledgor and Pledgee (as the same
may be amended from time to time, the "Restricted Stock Purchase Agreement"). As
used herein, the term "Obligations" shall mean the obligations of the Pledgor to
pay the amounts due to the Pledgee or any lawful holder of the Note or assignee
of the Restricted Stock Purchase Agreement.

         1. Delivery of the Pledged Stock. Concurrently herewith, and subject to
the terms and conditions of this Pledge Agreement, the Pledgor shall deliver to
the Pledgee the original share certificates and all other instruments or
documents evidencing the Pledged Stock (the "Stock Certificates"), together with
appropriate stock powers, endorsements and other appropriate instruments of
assignment endorsed in blank.

         2. Voting; Dividends; Distributions. Until and unless an uncured
default exists under the Note or the Restricted Stock Purchase Agreement, the
Pledgor shall be entitled to: (i) vote the Pledged Stock, in person or by proxy,
at any annual or special meetings of the shareholders of the Issuer on any issue
which may properly come before the meetings;(ii) give consents, waivers and
ratifications relative to the Collateral; and (iii) receive all payments under,
or cash

<PAGE>

dividends distributed in respect of, the Collateral; provided, however, that any
and all such payments or cash dividends may be retained by Pledgee at its option
as additional security for the Obligations and deemed to constitute a portion of
the Collateral with respect to which they were distributed.

         3. Rights of Pledgee. Pledgee may, while there exists an uncured
Default, resort to the Collateral for the payment of any of the Obligations,
whether or not it shall have resorted to any other property or shall have
proceeded against any party primarily or secondarily liable on any of the
Obligations.

         4. Covenants. The Pledgor covenants and agrees that from and after the
date hereof and until the Obligations are fully paid and performed:

                  (a) without the prior written consent of the Pledgee and
         except as otherwise set forth herein, the Pledgor shall not sell,
         assign, transfer, exchange or otherwise dispose of, or grant any option
         with respect to, the Collateral; nor shall it create, incur or permit
         to exist any lien with respect to any of the Collateral, or any
         interest therein, except for the lien provided under this Pledge
         Agreement, and the Pledgor shall take any action necessary to remove
         any such lien;

                  (b) from time to time the Pledgor shall, at the Pledgor's
         expense, duly and promptly execute any and all further instruments and
         documents and take such further action as the Pledgee may reasonably
         deem desirable to obtain the full benefits of this Pledge Agreement,
         including, without limitation, the filing of any financing or
         continuation statements under any Uniform Commercial Code, and the
         Pledgor also hereby authorizes Pledgee to file any such financing
         statement or continuation statement on its behalf to the extent
         permitted by applicable law; and

                  (c) Pledgor shall deliver any and all Collateral to Pledgee in
         addition to the Stock Certificates, together with appropriate stock
         powers, endorsements, and other appropriate instruments of assignment
         endorsed in blank.

         5. Power of Attorney. The Pledgor hereby constitutes and appoints the
Pledgee or any agent thereof, with full power of substitution, as its true and
lawful attorney-in-fact with full power and authority in the place and stead of
the Pledgor and in the name of the Pledgor or in the Pledgee's name, from time
to time in the Pledgee's discretion, for the purpose of carrying out the terms
of this Pledge Agreement, to take any and all appropriate action and to execute
any and all documents and instruments which may be necessary or desirable to
accomplish the purposes of this Pledge Agreement.

         6. Default; Remedies. While there exists an uncured default under the
Note, the Pledgee may at its option: (i) appropriate and apply toward the
payment of the Obligations, and in such order of application as the Pledgee may
from time to time elect, the Collateral or any proceeds thereof; (ii) cause the
Collateral to be registered in the name of the Pledgee or its nominee or cause
new certificates evidencing the Collateral to be issued; (iii) sell, lease,
assign, give options to purchase or sell or otherwise dispose of and deliver the
Collateral, or any part thereof, in one or more parcels at public or private
sale or sales, at any exchange, broker's board or at any of the Pledgee's
offices or elsewhere upon such terms and conditions as the Pledgee may deem
advisable

<PAGE>

and to be commercially reasonable and at such price as it may deem best, for
cash or on credit or for future delivery without assumption of any credit risk,
with the right of the Pledgee upon any such sale or sales, public or private, to
purchase the whole or any part of the Collateral so sold; or (iv) exercise such
other rights and remedies as may be available to the Pledgee under the Indiana
Uniform Commercial Code or other applicable law. The Pledgee shall apply the net
proceeds of any such collection, recovery, receipt, appropriation, realization
or sale to the payment in whole or in part of the Obligations. Pledgee shall
give the Pledgor at least thirty (30) days prior notification of intended
disposition of the Collateral.

         7. Waiver; Amendment. No delay on the part of the Pledgee in the
exercise of any right or remedy shall operate as a waiver thereof, and no single
or partial exercise by the Pledgee of any right or remedy shall preclude other
or further exercise thereof or the exercise of any other right or remedy. None
of the terms or provisions of this Pledge Agreement may be waived, altered,
modified or amended except by an instrument in writing, duly executed by the
Pledgor and the Pledgee.

         8. Termination. Upon payment in full of all Obligations, the
Collateral, along with any necessary assignments and termination statements,
shall promptly be distributed to Pledgor or Pledgee, as applicable under the
Restricted Stock Purchase Agreement, and this Pledge Agreement shall be deemed
terminated. Without limitation of the above, to the extent that Pledgor shall
make full payment for any one or more Vested Shares (as defined in the
Restricted Stock Purchase Agreement), including without limitation any accrued
interest applicable thereto, Pledgee shall promptly release such Vested Shares
from the liens and restrictions of this Pledge Agreement.

         9. Successors and Assigns. This Pledge Agreement shall be binding upon
the Pledgor and its successors and permitted assigns. This Pledge Agreement
shall inure to the benefit of the Pledgee and its successors and assigns.

         10. General. This Pledge Agreement shall be governed by the laws of the
State of Indiana, notwithstanding conflicts of law principles. Wherever possible
each provision of this Pledge Agreement shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this
Pledge Agreement shall be prohibited by or invalid under any such law, such
provision shall be ineffective to the extent of such prohibition or invalidity,
without invalidating the remainder of such provision or the remaining provisions
of this Pledge Agreement. Section headings are for ease of reference only and
shall not govern the interpretation of any provisions hereof.

<PAGE>

         IN WITNESS WHEREOF, the Pledgor and the Pledgee have duly executed this
Pledge Agreement effective as of the 20th day of July, 2001.

                                       By: /s/ William A. Shoemake
                                           -----------------------------------
                                           William A. Shoemake

                                                       "Pledgor"

                                       WOW ENTERTAINMENT, INC.

                                       By: /s/ Douglas E. May
                                           -----------------------------------

                                       Printed: Douglas E. May
                                                ------------------------------

                                       Title: CFO
                                              --------------------------------

                                                       "Pledgee"

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00027-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00027-of-00352.parquet"}]]