Document:

Exhibit 4(e)

THE WARRANTS  REPRESENTED BY THIS CERTIFICATE AND THE COMMON STOCK ISSUABLE UPON
EXERCISE OF SUCH WARRANTS HAVE NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF
1933 AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT.

W[ ]                           WARRANT CERTIFICATE

                            [ ] Warrants to Purchase
                                  Common Stock

                           Void After April [ ], 2005

                           CAPITA RESEARCH GROUP, INC.

              (Incorporated under the laws of the State of Nevada)

                  This is to certify  that,  for value  received,  [name] is the
owner (the "Owner") of the number of Warrants set forth above,  each of which is
nontransferable  and entitles the Owner to purchase from CAPITA  RESEARCH GROUP,
INC.  (herein  called the  "Corporation"),  at any time  (except as  hereinafter
provided)  before 5 P.M. (New York time) on April [ ], 2005,  one Stock Unit (as
hereinafter  defined) at a purchase  price of $1.35 (herein  called the "Warrant
Price"). For purposes of this Warrant Certificate, a Stock Unit shall consist of
one fully paid and non-assessable share of common stock, $.001 par value (herein
called the "Common Stock"), of the Corporation,  as such stock is constituted on
April [ ], 2000, subject to adjustment as hereinafter set forth.

                  Subject to the provisions hereof, the Warrants  represented by
this  Warrant  Certificate  may be exercised by the Owner in whole or in part by
surrender of this Warrant  Certificate at the principal executive offices of the
Corporation with the form of election to subscribe attached hereto duly executed
and with payment in full to the Corporation of the Warrant Price for each of the
Stock Units so purchased. Payment of such Warrant Price shall be made in cash or
by certified or official bank check. Thereupon,  the Warrants shall be deemed to
have been  exercised and the Owner shall become a holder of record of the shares
of  Common  Stock  comprising  the  Stock  Units so  purchased  (or of the other
securities  or property to which the Owner is entitled  upon such  exercise) for
all  purposes,  and  certificates  for such shares of Common  Stock so purchased
shall be  delivered  to the Owner  within a  reasonable  time after the Warrants
shall have been  exercised  as set forth  hereinabove.  If only a portion of the
Warrants  shall be  exercised,  the Owner shall be entitled to receive a similar
warrant certificate of like tenor and date covering the number of Warrants which
shall not have been exercised, unless such Warrants shall have expired.

                  The Corporation covenants and agrees that all shares of Common
Stock which may be issued upon the  exercise of the rights  represented  by this
Warrant  Certificate  will,  upon issuance,  be validly  issued,  fully paid and
non-assessable  and free from all taxes,  liens and charges  with respect to the
issue  thereof   (other  than  taxes  in  respect  of  any  transfer   occurring
contemporaneously with such issue). The Corporation further covenants and agrees
that,  during the period within which the Warrants  represented  by this Warrant

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Certificate may be exercised,  the Corporation will at all times have authorized
and  reserved a  sufficient  number of shares of Common Stock to provide for the
exercise of the Warrants  represented by this Warrant  Certificate,  and will at
its expense  expeditiously  upon each such reservation of shares of Common Stock
use its best  efforts to procure  the  listing  thereof  (subject to issuance or
notice of  issuance)  on all stock  exchanges  on which the Common Stock is then
listed.  The rights of the Owner shall be subject to the following further terms
and conditions:

                  1.1.  (a) The number of shares of Common  Stock  comprising  a
Stock Unit shall be subject to adjustment from time to time as follows:

                            (i)   If  the  number  of  shares  of Common   Stock
outstanding  at any time after the date hereof is increased by a stock  dividend
payable in shares of Common  Stock or by a  subdivision  or  split-up  of Common
Stock, then,  immediately  following the record date fixed for the determination
of holders of Common Stock entitled to receive such stock dividend,  subdivision
or split-up,  the number of shares of Common Stock comprising a Stock Unit shall
be appropriately increased so that the number of shares of Common Stock issuable
on exercise of each Warrant shall be increased in proportion to such increase of
outstanding shares.

                            (ii)  If  the  number  of  shares  of  Common  Stock
outstanding  at any time after the date hereof is decreased by a combination  of
the outstanding shares of Common Stock, then,  immediately  following the record
date for such  combination,  the number of shares of Common  Stock  comprising a
Stock  Unit  shall be  appropriately  decreased  so that the number of shares of
Common  Stock  issuable  on  exercise  of each  Warrant  shall be  decreased  in
proportion to such decrease in outstanding shares.

                            (iii) In case the  Corporation  shall declare a cash
dividend upon the Common Stock payable  otherwise than out of earnings or earned
surplus  legally  available  therefor under the laws of the State of Delaware or
shall  distribute  to holders of Common Stock shares of its capital stock (other
than Common Stock),  stock or other  securities of other  persons,  evidences of
indebtedness issued by the Corporation or other persons,  assets (excluding cash
dividends)  or options or rights  (excluding  options to purchase  and rights to
subscribe for Common Stock or other  securities of the  Corporation  convertible
into or  exchangeable  for Common Stock),  then, in each such case,  immediately
following the record date fixed for the  determination  of the holders of Common
Stock entitled to receive such dividend or distribution, the number of shares of
Common Stock comprising a Stock Unit thereafter shall be adjusted by multiplying
such number by a fraction of which the  denominator  shall be an amount equal to
the  remainder of (x) the  aggregate  Current  Market  Price of all  outstanding
shares of Common Stock less (y) the  aggregate  amount of such cash  dividend or
the aggregate fair market value (as determined by the Board of Directors,  whose

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determination  shall be  conclusive)  of the  stock,  securities,  evidences  of
indebtedness,  assets, options or rights so distributed, as the case may be, and
of which  the  numerator  shall be the  aggregate  Current  Market  Price of all
outstanding  shares of Common Stock.  Such adjustment  shall be made on the date
such dividend or distribution is made, and shall become effective at the opening
of  business  on the  business  day  next  following  the  record  date  for the
determination of stockholders entitled to such dividend or distribution.

                            (iv)  In case, at any time after the date hereof, of
any  capital  reorganization,  or  any  reclassification  of  the  stock  of the
Corporation  (other than a change in par value or from par value to no par value
or from no par  value  to par  value  or as a  result  of a  stock  dividend  or
subdivision,  split-up or combination of shares), or the consolidation or merger
of the Corporation  with or into another person (other than a  consolidation  or
merger in which the Corporation is the continuing corporation and which does not
result in any change in the Common Stock) or of the sale or other disposition of
all or  substantially  all the  properties  and assets of the  Corporation as an
entirety to any other  person,  each  Warrant  shall after such  reorganization,
reclassification,   consolidation,   merger,   sale  or  other   disposition  be
exercisable  for the kind and number of shares of stock or other  securities  or
property  of  the  Corporation  or  of  the  corporation   resulting  from  such
consolidation  or surviving  such merger or to which such  properties and assets
shall have been sold or  otherwise  disposed  to which the Owner would have been
entitled  if  immediately  prior  to  such   reorganization,   reclassification,
consolidation,  merger,  sale or other disposition he had exercised such Warrant
for Common Stock.  The provisions of this Section 1.1 shall  similarly  apply to
successive reorganizations, reclassifications, consolidations, mergers, sales or
other dispositions.

                            (v)   All calculations under this paragraph (a)shall
be made to the nearest cent or to the nearest one hundredth  (1/100) of a share,
as the case may be.

                            (vi)  For the purpose of any computation pursuant to
this  paragraph (a) or Section 1.2, the Current  Market Price at any date of one
share of Common  Stock  shall be deemed to be the  average of the daily  closing
prices for Common Stock for the 30 consecutive business days ending no more than
15 business days before the day in question (as adjusted for any stock dividend,
split,   combination  or  reclassification  that  took  effect  during  such  30
business-day  period). The closing price for each day shall be the last reported
sale price  regular  way or, in case no such  reported  sales take place on such
day,  the average of the last  reported  bid and asked  prices  regular  way, in
either case on the principal  national  securities  exchange on which the Common
Stock is listed or  admitted  to  trading  or as quoted on the  Nasdaq  National
Market System or Nasdaq SmallCap Market, or if not listed or admitted to trading
on any  national  securities  exchange or so quoted,  the average of the highest
reported  bid and lowest  reported  asked  prices as  furnished  by The National
Quotation Bureau Incorporated,  all as adjusted;  provided, however, that if the
Common  Stock is not traded in such  manner that the  quotations  referred to in
this clause (vi) are available for the period required hereunder, Current Market
Price  shall be deemed to be the Share Net Asset  Value (as used herein the term
"Share  Net  Asset  Value"  shall  mean the  aggregate  net  asset  value of the
Corporation as shown on its most recent  available  balance sheet divided by the
outstanding  number of shares of Common Stock, each determined on the assumption
that the Warrants have been exercised).

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                            (vii) In any case in which  the  provisions  of this
paragraph  (a)  shall  require  that  an  adjustment   shall  become   effective
immediately  after a record date for an event,  the  Corporation may defer until
the  occurrence  of such  event (x)  issuing  to the Owner  with  respect to any
Warrant  exercised  after such  record  date and before the  occurrence  of such
event,  the  additional  shares of Common Stock  issuable  upon such exercise by
reason of the  adjustment  required  by such  event over and above the shares of
Common Stock issuable upon such exercise before giving effect to such adjustment
and (y) paying to the Owner any amount in cash in lieu of a fractional  share of
Common Stock pursuant to Section 1.2;  provided,  however,  that the Corporation
shall deliver to the Owner a due bill or other appropriate instrument evidencing
the Owner's right to receive such  additional  shares,  and such cash,  upon the
occurrence of the event requiring such adjustment.

                  (b)       In the event the  Corporation  shall propose to take
any  action  of the types  described  in  clauses  (i),  (ii),  (iii) or (iv) of
paragraph  (a) of this  Section 1.1,  the  Corporation  shall give notice to the
Owner in the manner set forth in Section 1.3,  which  notice  shall  specify the
record date,  if any, with respect to any such action and the date on which such
action is to take  place.  Such  notice  shall  also set forth  such  facts with
respect thereto as shall be reasonably  necessary to indicate the effect of such
action (to the extent  such  effect may be known at the date of such  notice) on
the number of shares of Common  Stock  comprising  a Stock Unit and the  number,
kind or  class  of  shares  or  other  securities  or  property  which  shall be
deliverable  or  purchasable  upon the  occurrence of such action or deliverable
upon  exercise of Warrants.  In the case of any action  which would  require the
fixing of a record  date,  such notice  shall be given at least 20 days prior to
the date so fixed,  and in case of all other action,  such notice shall be given
at least 30 days prior to the taking of such  proposed  action.  Failure to give
such notice, or any defect therein, shall not affect the legality or validity of
any such action.

                  (c)       In the  event  that at any  time as a  result  of an
adjustment  made  pursuant to paragraph  (a) of this Section 1.1 the Owner shall
become entitled with respect to any Warrants thereafter surrendered for exercise
to receive  any shares of the  Corporation  or  another  corporation  other than
shares of Common Stock,  the provisions of this Section 1.1 and Section 1.2 with
respect to the Common Stock shall apply on like terms to any such other shares.

                  1.2.      No fractional  share of Common Stock shall be issued
upon the exercise of Warrants,  but in lieu thereof the  Corporation  shall pay,
upon exercise in full of the Warrants  represented by this Warrant  Certificate,
out of funds legally  available  therefor,  a cash adjustment in respect of such
fractional  share in an amount  equal to the same  fraction of the then  Current
Market Price.

                  1.3.      The Corporation  will, within 120 days after the end
of each of its fiscal  years,  mail to the Owner,  at the address of such holder
shown on the books of the Corporation,  a certificate of the independent  public
accountants  for the  Corporation (i) specifying the Share Price in effect as of

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the end of such  fiscal  year and the number of shares of Common  Stock,  or the
kind and amount of any securities or property other than shares of Common Stock,
comprising a Stock Unit and (ii) setting  forth in  reasonable  detail the facts
requiring any adjustments made during such fiscal year.

                  2.1.  The  issue of any  stock or other  certificate  upon the
exercise  of the  Warrants  shall be made  without  charge  to the Owner for any
transfer or issuance tax in respect of the issue thereof.  The Corporation shall
not, however,  be required to pay any tax which may be payable in respect of any
transfer  involved in the issue and delivery of any  certificate in a name other
than that of the Owner,  and the  Corporation  shall not be required to issue or
deliver any such certificate  unless and until the person or persons  requesting
the issue thereof shall have paid to the  Corporation  the amount of such tax or
shall have  established to the satisfaction of the Corporation that such tax has
been paid.

                  2.2.  This Warrant  Certificate  and the rights  hereunder are
not  transferable.  In  addition,  the  Warrants  evidenced  hereby  may  not be
exercised,  and any shares of Common Stock issued upon any exercise  thereof may
not be  transferred,  unless,  in the opinion of  counsel,  who shall be counsel
reasonably acceptable to the Corporation, such exercise or transfer, as the case
may be, would not result in a violation of the  provisions of the Securities Act
of 1933.  The Owner and any holder of any  shares of Common  Stock  issued  upon
exercise of any such  Warrants,  by taking or holding the same,  consents to and
agrees to be bound by the provisions of this Section 2.2.

                  2.3.  If this  Warrant  Certificate  shall  be  lost,  stolen,
mutilated or destroyed,  the Corporation  shall on such terms as to indemnify or
otherwise  protect the  Corporation  as the  Corporation  may in its  discretion
impose, issue a new warrant certificate of like denomination,  tenor and date as
the Warrant  Certificate so lost, stolen,  mutilated or destroyed.  Any such new
warrant certificate shall constitute an original  contractual  obligation of the
Corporation,  whether or not the allegedly lost, stolen,  mutilated or destroyed
Warrant Certificate shall be at any time enforceable by anyone.

                  2.4.  The  Corporation  may deem and  treat  the  Owner as the
absolute  owner of this  Warrant  Certificate  for all purposes and shall not be
affected by any notice to the contrary.

                  2.5.  This  Warrant  Certificate  and the  Warrants  evidenced
hereby  shall not  entitle  the  Owner to any  rights  of a  stockholder  of the
Corporation either at law or in equity, including, without limitation, the right
to  vote,  to  receive  dividends  or  other  distributions,   to  exercise  any
pre-emptive  rights or to receive any notice of meetings of  stockholders  or of
any other proceedings of the Corporation.

                  2.6.  This Warrant Certificate, in all events, shall be wholly
void and have no effect after 5 P.M. (New York time) on April [ ], 2005.

                  2.7. In the event that one or more of the  provisions  of this
Warrant  Certificate  shall for any  reason be held to be  invalid,  illegal  or
unenforceable in any respect,  such invalidity,  illegality or  unenforceability
shall not affect  any other  provision  of this  Warrant  Certificate,  but this
Warrant  Certificate  shall  be  construed  as  if  such  invalid,   illegal  or
unenforceable provision had never been contained herein.

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                  2.8.  This  Warrant  Certificate  shall  be  governed  by  and
construed in  accordance  with the laws of the State of New York  applicable  to
agreements made and to be entirely  performed  within such State,  except to the
extent of the mandatory  rules of the State of Nevada with respect to the formal
requisites for authorization of a security and rights and duties with respect to
register of transfer.

Dated:  April [   ], 2000

                                            CAPITA RESEARCH GROUP, INC.

                                            By______________________________Exhibit 10(h)

                          SECURITIES PURCHASE AGREEMENT

                  SECURITIES  PURCHASE AGREEMENT (the "Agreement"),  dated as of
March 6, 2000, by and between Capita Research Group, Inc., a Nevada corporation,
with  headquarters   located  at  591  Skippack  Pike,  Suite  300,  Blue  Bell,
Pennsylvania 19422 (the "Company"), and David G. Sandelovsky (the "Buyer").

                  WHEREAS:

                  A. The Company and the Buyer is executing and delivering  this
Agreement in reliance upon the exemption from securities  registration  afforded
by Rule 506 of Regulation D ("Regulation D") as promulgated by the United States
Securities and Exchange Commission (the "SEC") under the Securities Act of 1933,
as amended (the "1933 Act");

                  B. The Company has authorized the issuance of up to 100,000 of
the Company's units (the "Units"),  each unit consisting of (i) one share of the
Company's common stock, $.001 par value per share (the "Common Stock"), (ii) one
of the Company's A Common Stock  Purchase  Warrants to purchase one share of the
Company's  Common  Stock  exercisable  at a purchase  price of $.50 per share of
Common Stock (the "A Warrants"),  in the form attached  hereto as Exhibit A, and
(iii) one of the  Company's B Common  Stock  Purchase  Warrants to purchase  one
share of the Company's Common Stock exercisable at a purchase price of $1.00 per
share of  Common  Stock,  in the  form  attached  hereto  as  Exhibit  B (the "B
Warrants",  and together with the A Warrants,  the  "Warrants")  (such shares of
Common Stock issued upon exercise of the Warrants are hereinafter referred to as
the "Warrant  Shares",  and together with the Units,  Common Stock and Warrants,
the "Securities");

                  C. The Buyer wishes to purchase, upon the terms and conditions
stated in this Agreement, an aggregate of $50,000 of Units; and

                  D. Contemporaneously  with  the execution and delivery of this
Agreement, the parties hereto are executing and delivering a Registration Rights
Agreement in the form  attached  hereto as Exhibit C (the  "Registration  Rights
Agreement")  pursuant  to which  the  Company  has  agreed  to  provide  certain
registration rights under the 1933 Act and the rules and regulations promulgated
thereunder, and applicable state securities laws.

                  NOW,  THEREFORE,  the  Company and the Buyer  hereby  agree as
follows:

                  1.       PURCHASE AND SALE OF UNITS
                           --------------------------

                           a.  Purchase of Units.Subject to the satisfaction (or
waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall
issue and sell to the Buyer and the Buyer  shall  purchase  from the  Company an
aggregate of 100,000 Units at the Closing (the "Closing"). The per unit purchase
price (the "Purchase Price") of the Units shall be $.50 or an aggregate purchase
price of $50,000.  On the Closing  Date (as defined  below),  the Company  shall
issue and  deliver  to the Buyer (i) a stock  certificate(s)  representing  such
number of the shares of Common  Stock and (ii)  certificates  representing  such
number of A Warrants and B Warrants,  which the Buyer is then  purchasing,  duly
executed on behalf of the Company and registered in the name of the Buyer or his
designee (the "Stock Certificates").

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                           b.  Closing  Date.  The date and time of the  Closing
(the "Closing Date") shall be 1:00 p.m.  Eastern Standard Time on March 6, 2000,
subject to  notification  of  satisfaction  (or waiver) of the conditions to the
Closing  set forth in  Sections 6 and 7 below (or such later date as is mutually
agreed to by the Company and the Buyer).  The Closing shall occur on the Closing
Date at the offices of Torys, 237 Park Avenue, New York, New York 10017.

                           c.  Form of Payment.  On the Closing Date,  the Buyer
shall pay the Purchase  Price to the Company for the Units to be issued and sold
to the Buyer at the Closing, by wire transfer of immediately  available funds in
accordance with the Company's written wire  instructions  provided in writing to
the Buyer prior to the Closing Date.

                  2.       BUYER'S REPRESENTATIONS AND WARRANTIES.
                           --------------------------------------

                  The Buyer represents and warrants that:

                           a.  Investment  Purpose.  The Buyer (i) is purchasing
the Units  consisting of Common Stock and Warrants and (ii) upon exercise of the
Warrants, will acquire the Warrant Shares, then issuable for his own account for
investment  only and not with a present view towards or for resale in connection
with,  the  public  sale or  distribution  thereof,  except  pursuant  to  sales
registered or exempted under the 1933 Act; provided, however, that by making the
representations  herein, the Buyer does not agree to hold any Securities for any
minimum  or other  specific  term and  reserves  the  right  to  dispose  of the
Securities  at any  time  in  accordance  with  or  pursuant  to a  registration
statement or an exemption under the 1933 Act.

                           b.  Accredited  Investor  Status.  The  Buyer  is  an
"accredited investor" as that term is defined in Rule 501(a) of Regulation D.

                           c.  Reliance  on  Exemptions.  The Buyer  understands
that the  Units  are  being  offered  and sold to him in  reliance  on  specific
exemptions from the registration requirements of United States federal and state
securities  laws and that the  Company  is  relying  in part  upon the truth and
accuracy of, and the Buyer's compliance with, the  representations,  warranties,
agreements,  acknowledgments and understandings of the Buyer set forth herein in
order to determine the  availability  of such  exemptions and the eligibility of
the Buyer to acquire the Units.

                           d.  Information.  The Buyer and his advisors, if any,
have been  furnished with all materials  relating to the business,  finances and
operations  of the Company and  materials  relating to the offer and sale of the
Units which have been  requested by the Buyer.  The Buyer and his  advisors,  if
any, have been afforded the opportunity to ask questions of the Company. Neither
such inquiries nor any other due diligence investigations conducted by the Buyer
or his advisors,  if any, or his representatives  shall modify,  amend or affect
the  Buyer's  right  to rely on the  Company's  representations  and  warranties
contained in Section 3 below.

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                           e.  No  Governmental  Review.  The Buyer  understands
that no  United  States  federal  or state  agency or any  other  government  or
governmental  agency has passed on or made any  recommendation or endorsement of
the Units or the fairness or suitability of the investment in the Securities nor
have such authorities  passed upon or endorsed the merits of the offering of the
Units.

                           f.  Transfer or Resale.  The Buyer  understands  that
except as provided in the Registration Rights Agreement: (i) the Securities have
not been and are not being registered under the 1933 Act or any state securities
laws, and may not be offered for sale, sold,  assigned or transferred unless (A)
subsequently  registered  thereunder,  (B) the Buyer shall have delivered to the
Company an opinion of counsel,  in a generally  acceptable  form,  to the effect
that such Securities to be sold,  assigned or transferred may be sold,  assigned
or  transferred  pursuant to an exemption  from such  registration,  or (C) such
securities can be sold, assigned or transferred pursuant to Rule 144 promulgated
under the 1933 Act (or a successor rule thereto) ("Rule 144");  (ii) any sale of
such securities made in reliance on Rule 144 may be made only in accordance with
the terms of Rule 144 and further, if Rule 144 is not applicable,  any resale of
such securities  under  circumstances in which the seller (or the person through
whom the sale is made)  may be  deemed  to be an  underwriter  (as that  term is
defined in the 1933 Act) may require  compliance with some other exemption under
the 1933 Act or the  rules  and  regulations  of the SEC  thereunder;  and (iii)
neither  the Company nor any other  person is under any  obligation  to register
such  securities  under the 1933 Act or any state  securities  laws or to comply
with the terms and conditions of any exemption thereunder.

                           g.  Legends.   The   Buyer   understands   that   the
certificates or other instruments representing the Warrants and, until such time
as the sale of the Common Stock or Warrant Shares have been registered under the
1933  Act as  contemplated  by the  Registration  Rights  Agreement,  the  stock
certificates or other documents representing the Common Stock and Warrant Shares
except as set forth below,  shall bear a restrictive legend in substantially the
following form (and a stop-transfer order may be placed against transfer of such
certificates):

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE  SECURITIES  ACT OF 1933,  AS AMENDED,  OR  APPLICABLE  STATE
         SECURITIES  LAWS. THE SECURITIES  HAVE BEEN ACQUIRED FOR INVESTMENT AND
         MAY NOT BE OFFERED  FOR SALE,  SOLD,  TRANSFERRED  OR  ASSIGNED  IN THE
         ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER
         THE SECURITIES ACT OF 1933, AS AMENDED,  OR APPLICABLE STATE SECURITIES
         LAWS, OR AN OPINION OF COUNSEL,  IN A GENERALLY  ACCEPTABLE  FORM, THAT
         REGISTRATION  IS  NOT  REQUIRED  UNDER  SAID  ACT OR  APPLICABLE  STATE
         SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.

The legend  set forth  above  shall be removed  and the  Company  shall  issue a
certificate without such legend to the holder of any Securities upon which it is
stamped,  if (i) any such Securities are registered for sale under the 1933 Act,
(ii) in connection  with a sale  transaction,  such holder  provides the Company

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with an opinion of counsel, in a generally acceptable form, to the effect that a
public sale, assignment or transfer of any of the Securities may be made without
registration  under the 1933 Act,  or (iii)  any of the  Securities  can be sold
pursuant  to Rule 144  without any  restriction  as to the number of  securities
acquired as of a particular  date that can then be  immediately  sold. The Buyer
acknowledges,  covenants and agrees to sell any of the Securities represented by
a certificate(s) from which the legend has been removed,  only pursuant to (i) a
registration  statement  effective under the 1933 Act, or (ii) advice of counsel
that such sale is exempt  from  registration  required  by Section 5 of the 1933
Act. In the event the above  legend is removed from any of the  Securities,  the
Company may,  upon  reasonable  advance  notice to the holder,  require that the
above  legend  be  placed  on any of the  Securities  that  cannot  then be sold
pursuant to an  effective  registration  statement or Rule 144(k) under the 1933
Act (or any successor rule thereto).

                           h.  Authorization;  Enforcement.  This  Agreement has
been duly and validly authorized,  executed and delivered on behalf of the Buyer
and is a valid and binding agreement of the Buyer enforceable in accordance with
its terms,  subject as to enforceability to general  principles of equity and to
applicable bankruptcy, insolvency,  reorganization,  moratorium, liquidation and
other  similar laws  relating to, or affecting  generally,  the  enforcement  of
applicable creditors' rights and remedies.

                           i.  Residency.  The Buyer is a resident of the United
States.

                  3.       REPRESENTATIONS AND WARRANTIES OF THE COMPANY.
                           ----------------------------------------------

                           The  Company  represents  and  warrants  to the Buyer
that:

                           a.  Organization and  Qualification.  The Company and
its subsidiaries are corporations duly incorporated and validly existing in good
standing under the laws of the jurisdiction in which they are incorporated,  and
have the requisite corporate power to own their properties and to carry on their
business as now being  conducted.  Each of the Company and its  subsidiaries  is
duly  qualified as a foreign  corporation to do business and is in good standing
in every  jurisdiction in which the nature of the business conducted by it makes
such  qualification  necessary,  except to the extent  that the failure to be so
qualified  or be in good  standing  would not have a  Material  Adverse  Effect.
"Material Adverse Effect" means any material adverse effect on (i) the business,
properties,  operations,  condition  (financial  or  otherwise),  or  results of
operations of the Company and its  subsidiaries,  taken as a whole,  (ii) on the
ability  of  the  Company  to  perform  its  obligations  hereunder,  under  the
Registration Rights Agreement or under the other agreements or instruments to be
entered  into or  filed in  connection  herewith  or  therewith,  or  (iii)  the
Securities.

                           b.  Authorization; Enforcement; Compliance with Other
Instruments.  (i) The Company has the requisite corporate power and authority to
enter into and perform its obligations  under this  Agreement,  the Warrants and
the Registration Rights Agreement,  (collectively,  the "Closing Agreements") to
issue,  sell and perform its  obligations  with respect to the Units and Warrant
Shares in  accordance  with the terms  hereof and the  Warrants and to issue the
Warrant Shares upon exercise of the Warrants,  in accordance  with the terms and
conditions  of the  Warrants,  (ii) the  execution  and  delivery of the Closing
Agreements  by the  Company  and  the  consummation  by it of  the  transactions
contemplated hereby and thereby, including,  without limitation, the issuance of

                                       4
<PAGE>

the Common  Stock and the  Warrants  and the  reservation  for  issuance and the
issuance of the  Warrant  Shares upon  exercise of the  Warrants  have been duly
authorized  by the  Company's  Board of  Directors  and no  further  consent  or
authorization  is  required  by the  Company,  its  Board  of  Directors  or its
shareholders, (iii) the Closing Agreements have been duly executed and delivered
by the Company, and (iv) the Closing Agreements  constitute the legal, valid and
binding obligations of the Company enforceable against the Company in accordance
with  their  terms,  except as such  enforceability  may be  limited  by general
principles  of  equity or  applicable  bankruptcy,  insolvency,  reorganization,
moratorium, liquidation or similar laws relating to, or affecting generally, the
enforcement of creditors' rights and remedies.

                           c.  Capitalization  and Indebtedness.  As of the date
hereof,  the  authorized  capital stock of the Company  consists of  100,000,000
shares of Common Stock,  of which as of the date hereof,  21,555,946  shares are
issued and outstanding and no shares of Preferred Stock. All of such outstanding
shares have been validly issued and are fully paid and nonassessable.  No shares
of Common Stock are subject to preemptive  rights or any other similar rights or
any liens or  encumbrances  suffered  or  permitted  by the  Company.  Except as
disclosed in Schedule 3(c), as of the date hereof,  (i) there are no outstanding
options,  warrants,  scrip,  rights to subscribe to, calls or commitments of any
character  whatsoever relating to, or securities or rights convertible into, any
shares of capital stock of the Company or any of its subsidiaries, or contracts,
commitments,  understandings  or arrangements by which the Company or any of its
subsidiaries is or may become bound to issue additional  shares of capital stock
of the Company or any of its subsidiaries or options, warrants, scrip, rights to
subscribe to, calls or commitments of any character  whatsoever  relating to, or
securities  or rights  convertible  into,  any  shares of  capital  stock of the
Company  or  any  of its  subsidiaries,  (ii)  there  are  no  outstanding  debt
securities,  notes,  credit  agreements,  or  other  agreements,   documents  or
instruments evidencing indebtedness of the Company or any of its subsidiaries or
by which the Company or any of its subsidiaries is or may become bound and (iii)
there are no  agreements or  arrangements  under which the Company or any of its
subsidiaries is obligated to register the sale of any of their  securities under
the 1933 Act (except the Registration Rights Agreement). There are no securities
or  instruments  containing  anti-dilution  or similar  provisions  that will be
triggered  by the  issuance  of  any of the  Securities  as  described  in  this
Agreement. The Company has furnished to the Buyer true and correct copies of the
Company's  Certificate of  Incorporation as amended and as in effect on the date
hereof (the "Certificate of  Incorporation"),  and the Company's By-laws,  as in
effect on the date  hereof  (the  "By-laws"),  and the  terms of all  securities
convertible  into or exercisable for Common Stock and the material rights of the
holders thereof in respect thereto.

                           d.  Issuance of  Securities.  The Securities are duly
authorized  and, upon issuance in accordance  with the terms hereof shall be (i)
validly issued,  fully paid and non-assessable,  (ii) free from all taxes, liens
and  charges  with  respect  to the issue  thereof  and are not and shall not be
subject to preemptive  rights or other  similar  rights of  stockholders  of the
Company.  Two hundred  thousand  (200,000) shares of Common Stock have been duly
authorized and reserved for issuance in connection with the Units.

                                       5
<PAGE>

                           e.  No  Conflicts.   The   execution,   delivery  and
performance of the Closing Agreements by the Company and the consummation by the
Company of the transactions contemplated hereby and thereby (including,  without
limitation,  the issuance of the Securities)  will not (i) result in a violation
of the  Certificate of  Incorporation  or By-laws or (ii) except as disclosed in
Schedule 3(e),  violate or conflict with, or result in a breach of any provision
of, or  constitute  a default (or an event which with notice or lapse of time or
both would become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, any material agreement, indenture or
instrument to which the Company or any of its subsidiaries is a party, or result
in a  violation  of  any  law,  rule,  regulation,  order,  judgment  or  decree
(including  federal and state  securities laws and regulations and the rules and
regulations  of the  principal  market or exchange on which the Common  Stock is
traded or listed)  applicable  to the Company or any of its  subsidiaries  or by
which any property or asset of the Company or any of its  subsidiaries  is bound
or affected.  Neither the Company nor its  subsidiaries  are in violation of any
term of or in default under its Certificate of Incorporation or By-laws or their
organizational charter or by-laws,  respectively, or in violation of any term of
or in default under any contract, agreement, mortgage, indebtedness,  indenture,
instrument,  judgment,  decree  or  order  or any  statute,  rule or  regulation
applicable to the Company or its subsidiaries, except for violations or defaults
which  would not,  individually  or in the  aggregate,  have a Material  Adverse
Effect.  The business of the Company and its subsidiaries is not being conducted
in violation of any law,  ordinance or  regulation of any  governmental  entity,
which  violations,  individually  or in the  aggregate,  would  have a  Material
Adverse  Effect.  Except as  specifically  contemplated by this Agreement and as
required  under the 1933 Act, the Company is not required to obtain any consent,
authorization or order of, or make any filing or registration with, any court or
governmental or regulatory or self-regulatory agency in order for it to execute,
deliver  or  perform  any of its  obligations  under  or  contemplated  by  this
Agreement,  the Registration Rights Agreement or the Warrants in accordance with
the terms hereof or thereof. Except as disclosed in Schedule 3(e), all consents,
authorizations,  orders, filings and registrations which the Company is required
to obtain  pursuant to the preceding  sentence have been obtained or effected on
or prior to the date hereof. The Company and its subsidiaries are unaware of any
facts or circumstances which might give rise to any of the foregoing.

                           f.  Acknowledgment  Regarding Buyer's Purchase of the
Securities.  The Company acknowledges and agrees that the Buyer is acting solely
in the capacity of arm's length purchaser with respect to this Agreement and the
transactions  contemplated  hereby.  The Company further  acknowledges  that the
Buyer is not acting as a financial  advisor or  fiduciary  of the Company (or in
any  similar  capacity)  with  respect to this  Agreement  and the  transactions
contemplated   hereby  and  any  advice  given  by  the  Buyer  or  any  of  his
representatives or agents in connection with this Agreement and the transactions
contemplated  hereby  is  merely  incidental  to  the  Buyer's  purchase  of the
Securities.  The  Company  further  represents  to the Buyer that the  Company's
decision to enter into this  Agreement has been based solely on the  independent
evaluation by the Company and its representatives.

                           g.  No General Solicitation. Neither the Company, nor
any of its affiliates, nor any person acting on its or their behalf, has engaged
in any form of general  solicitation or general  advertising (within the meaning
of Regulation D under the 1933 Act) in connection  with the offer or sale of any
of the Securities offered hereby.

                                       6
<PAGE>

                           h.  No Integrated Offering.  Neither the Company, nor
any of its  affiliates,  nor any  person  acting  on its or  their  behalf  has,
directly or  indirectly,  made any offers or sales of any  security or solicited
any  offers  to  buy  any  security,  under  circumstances  that  would  require
registration  of any of the Securities  under the 1933 Act or cause the offering
of any of the  Securities to be integrated  with prior  offerings by the Company
for purposes of the 1933 Act or any applicable shareholder approval provisions.

                           i.  Disclosure.   To  the  Company's  knowledge,  all
information relating to or concerning the Company or any of its subsidiaries set
forth in this  Agreement  and  provided to the Buyer  pursuant  to Section  2(d)
hereof and otherwise in connection with the transactions  contemplated hereby is
true and  correct in all  material  respects  and the Company has not omitted to
state any material fact necessary in order to make the statements made herein or
therein,  in  light  of the  circumstances  under  which  they  were  made,  not
misleading.  No event or  circumstance  has occurred or information  exists with
respect to the  Company  or any of its  subsidiaries  or its or their  business,
properties, operations or financial condition, which, under applicable law, rule
or regulation,  requires  public  disclosure or  announcement by the Company but
which has not been so publicly announced or disclosed (assuming for this purpose
that the Company's  reports filed under the Securities  Exchange Act of 1934, as
amended (the "1934 Act"), are being incorporated into an effective  registration
statement filed by the Company under the 1933 Act). The Company has not provided
the Buyer  with any  material  non-public  information  nor any  projections  or
assurance regarding the future financial performance of the Company.

                  4.       COVENANTS AND AGREEMENTS.
                           ------------------------

                           a.  Best  Efforts.  Each  party  shall  use its  best
efforts  timely to  satisfy  each of the  conditions  to be  satisfied  by it as
provided in Sections 6 and 7 of this Agreement.

                           b.  Form D. The Company  agrees to file a Form D with
respect to the Securities as required  under  Regulation D and to provide a copy
thereof to the Buyer promptly after such filing. The Company shall, on or before
the Closing Date, take such action as the Company shall reasonably  determine is
necessary to qualify the Securities for, or obtain  exemption for the Securities
for,  sale  to the  Buyer  at the  Closing  pursuant  to  this  Agreement  under
applicable securities or "Blue Sky" laws of the states of the United States, and
shall  provide  evidence of any such action so taken to the Buyer on or prior to
the Closing Date.

                           c.  Reporting  Status.  Until the  earlier of (i) six
months after the date as of which the  Investors (as that term is defined in the
Registration   Rights  Agreement)  may  sell  all  of  the  Securities   without
restriction pursuant to Rule 144(k) promulgated under the 1933 Act (or successor
thereto)  or (ii) the date which is six  months  after the date on which none of
the Securities are outstanding (the  "Registration  Period"),  the Company shall
timely file all reports  required to be filed with the SEC  pursuant to the 1934
Act, and the Company  shall not  terminate  its status as an issuer  required to
file  reports  under  the  1934  Act  even  if the  1934  Act or the  rules  and
regulations thereunder would otherwise permit such termination.

                           d.  Use  of  Proceeds.   The  Company  will  use  the
proceeds  from  the sale of the  Securities  for  working  capital  and  general
corporate  purposes and shall not otherwise,  directly or  indirectly,  use such
proceeds for any loan to or  investment in any other  corporation,  partnership,
enterprise  or other person  (except in  connection  with its direct or indirect
subsidiaries)  or for the  repurchase,  redemption  or retirement of any capital
stock of the Company.

                                       7
<PAGE>

                           e.  Financial Information. The Company agrees to file
all reports,  schedules,  forms,  statements and other documents  required to be
filed by it with the SEC pursuant to the reporting requirements of the 1934 Act.
The  financial  statements  of the Company will be prepared in  accordance  with
generally accepted accounting  principles,  consistently applied (except for any
required  changes in such  principles),  and will fairly present in all material
respects the consolidated financial position of the Company and its consolidated
subsidiaries and results of their operations and cash flows for the periods then
ended (subject,  in the case of unaudited  statements,  to normal year-end audit
adjustments). The Company agrees to send the following to each Investor (as that
term is defined in the Registration  Rights  Agreement)  during the Registration
Period:  (i) within five (5) days after the filing  thereof with the SEC, a copy
of its Annual Reports on Form 10-K or Form 10-KSB, as applicable,  its Quarterly
Reports on Form 10-Q or Form 10-QSB, as applicable,  any Current Reports on Form
8-K and any  registration  statements or amendments  filed  pursuant to the 1933
Act; (ii) within one (1) day after release thereof, copies of all press releases
issued  by the  Company  or any of its  subsidiaries;  and  (iii)  copies of any
notices and other information made available or given to the shareholders of the
Company generally, contemporaneously with the making available or giving thereof
to the shareholders.

                           f.  Reservation of Shares. The Company shall take all
action necessary to at all times have  authorized,  and reserved for the purpose
of  issuance,  no less than  200,000  shares of Common  Stock to provide for the
issuance of the Warrant Shares upon exercise of the Warrants in accordance  with
the terms of this Agreement and the Warrants.

                           g.  Disclosure.  From and after the date hereof,  the
Company will not provide to the Buyer any material non-public information which,
according to applicable law, rule or regulation should be disclosed  publicly by
the Company but which has not been so disclosed.

                  5.       CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL.
                           ----------------------------------------------

                  The obligation of the Company  hereunder to issue and sell the
Units to the Buyer at the Closing is subject to the  satisfaction,  at or before
the Closing  Date,  of each of the  following  conditions,  provided  that these
conditions  are for the Company's  sole benefit and may be waived by the Company
at any time in its sole discretion:

                           a.  The Buyer shall have executed this  Agreement and
the Registration Rights Agreement and delivered the same to the Company.

                           b.  The Buyer shall have delivered to the Company the
Purchase Price for the Units being purchased by the Buyer at the Closing by wire
transfer  of  immediately  available  funds  pursuant  to the wire  instructions
provided by the Company.

                           c.  The  representations  and warranties of the Buyer
shall be true and correct in all material  respects as of the date when made and
as of the Closing Date as though made at that time  (except for  representations
and  warranties  that speak as of a  specific  date),  and the Buyer  shall have
performed,  satisfied and complied in all material  respects with the covenants,
agreements and conditions required by this Agreement to be performed,  satisfied
or complied with by the Buyer at or prior to the Closing Date.

                                       8
<PAGE>

                           d.  The  transactions  contemplated  hereby shall not
violate any law,  regulation or order then in effect and applicable to the Buyer
or the Company.

                  6.       CONDITIONS TO THE BUYER'S OBLIGATION TO PURCHASE.
                           ------------------------------------------------

                  The obligation of the Buyer hereunder to purchase the Units is
subject to the  satisfaction,  at or before  the  Closing  Date,  of each of the
following  conditions,  provided that these  conditions are for the Buyer's sole
benefit and may be waived by the Buyer at any time in its sole discretion:

                           a.  The Company shall have  executed this  Agreement,
the Warrants and the Registration  Rights  Agreement,  and delivered the same to
the Buyer.

                           b.  Trading  in the Common  Stock or  Warrant  Shares
issuable upon the  conversion of the Warrants  shall not have been  suspended by
the SEC.

                           c.  The representations and warranties of the Company
shall be true and correct in all  material  respects  (except to the extent that
any  of  such   representations  and  warranties  is  already  qualified  as  to
materiality  in  Section  3  above,  in  which  case  such  representations  and
warranties  shall be true and correct without further  qualification)  as of the
date when made and as of the Closing  Date as though  made at that time  (except
for  representations  and  warranties  that speak as of a specific date) and the
Company shall have  performed,  satisfied and complied in all material  respects
with the covenants,  agreements and conditions  required by this Agreement to be
performed,  satisfied or complied with by the Company at or prior to the Closing
Date.  The Buyer  shall  have  received  a  certificate,  executed  by the Chief
Executive Officer of the Company, dated as of the Closing Date, to the foregoing
effect and as to such other matters as may be reasonably  requested by the Buyer
including,  without  limitation,  an update as of the Closing Date regarding the
representation contained in Section 3(c) above.

                           d.  The Company  shall have executed and delivered to
the Buyer the Stock  Certificates  for the Common  Stock being  purchased by the
Buyer at the Closing.

                           e.  The Company  shall have executed and delivered to
the Buyer the Warrants being purchased by the Buyer at the Closing.

                           f.  As of the Closing  Date,  the Company  shall have
reserved out of its authorized and unissued Common Stock, solely for the purpose
of effecting the exercise of the Warrants, 200,000 shares of Common Stock.

                           g.  The  transactions  contemplated  hereby shall not
violate any law,  regulation or order then in effect and applicable to the Buyer
or the Company.

                                       9
<PAGE>

                  7.       GOVERNING LAW; MISCELLANEOUS.
                           ----------------------------

                           a.  Governing Law. This  Agreement  shall be governed
by and  interpreted in accordance with the laws of the State of New York without
regard to the principles of conflict of laws.

                           b.  Counterparts.  This  Agreement may be executed in
two or more identical counterparts, all of which shall be considered one and the
same agreement and shall become effective when  counterparts have been signed by
each party and delivered to the other party.  In the event any signature page is
delivered  by  facsimile  transmission,  the party  using such means of delivery
shall  cause  four  (4)  additional  original  executed  signature  pages  to be
physically  delivered to the other party  within five (5) days of the  execution
and delivery hereof.

                           c.  Headings.  The headings of this Agreement are for
convenience of reference and shall not form part
of, or affect the interpretation of, this Agreement.

                           d.  Severability.  If any provision of this Agreement
shall be  invalid or  unenforceable  in any  jurisdiction,  such  invalidity  or
unenforceability  shall  not  affect  the  validity  or  enforceability  of  the
remainder  of  this   Agreement  in  that   jurisdiction   or  the  validity  or
enforceability of any provision of this Agreement in any other jurisdiction.

                           e.  Entire  Agreement;   Amendments.  This  Agreement
supersedes  all other prior oral or written  agreements  between the Buyer,  the
Company, their affiliates and persons acting on their behalf with respect to the
matters discussed  herein,  and this Agreement and the instruments and documents
referenced  herein contain the entire  understanding of the parties with respect
to the matters covered herein and therein and, except as specifically  set forth
herein or therein,  neither the Company nor the Buyer makes any  representation,
warranty,  covenant or undertaking with respect to such matters. No provision of
this  Agreement  may be waived or amended other than by an instrument in writing
signed by the party to be charged with enforcement.

                           f.  Notices. Any notices,  consents, waivers or other
communications  required  or  permitted  to be  given  under  the  terms of this
Agreement shall be in writing and will be deemed to have been delivered (i) upon
receipt, when delivered  personally;  (ii) upon receipt, when sent by facsimile,
provided a copy is mailed by U.S.  certified  mail,  return  receipt  requested;
(iii) three (3) days after being sent by U.S.  certified  mail,  return  receipt
requested,  or (iv)  one (1) day  after  deposit  with a  nationally  recognized
overnight  delivery  service,  in each case  properly  addressed to the party to
receive the same.  The addresses and facsimile  numbers for such  communications
shall be:

                                       10
<PAGE>

                  if to the Company:

                           Capita Research Group, Inc.
                           591 Skippack Pike

                           Suite 300
                           Blue Bell, Pennsylvania 19422
                           Telephone:  215-619-7777
                           Facsimile:   215-619-0775
                           Attention:  Chief Financial Officer

                  with a copy to:

                           Andrew J. Beck, Esq.
                           Torys
                           237 Park Avenue
                           New York, New York 10017
                           Facsimile:  212-682-0200

                  if to the Buyer:

                           Mr. David G. Sandelovsky
                           34 Deer Creek Drive
                           Basking Ridge, New Jersey  07920
                           Telephone:  908-647-4201
                           Facsimile:   908-647-4201

                  Each party shall provide five (5) days' prior  written  notice
to the other party of any change in address or facsimile number.

                           g.  Successors and Assigns.  This Agreement  shall be
binding  upon and inure to the  benefit  of the  parties  and  their  respective
successors and assigns, including any purchasers of the Units. The Company shall
not assign this  Agreement or any rights or  obligations  hereunder  without the
prior  written  consent  of the Buyer.  The Buyer may assign  some or all of his
rights hereunder without the consent of the Company, provided, however, that (i)
any such assignment  shall not release the Buyer from his obligations  hereunder
unless  such  obligations  are  assumed by such  assignee  and the  Company  has
consented to such assignment and  assumption,  and (ii) the Buyer may not assign
his rights  hereunder  in a manner that would cause the  offering of  Securities
hereunder to be required to be registered under the 1933 Act.

                           h.  No Third Party  Beneficiaries.  This Agreement is
intended for the benefit of the parties  hereto and their  respective  permitted
successors  and  assigns,  and is not for the benefit of, nor may any  provision
hereof be enforced by, any other person.

                           i.  Survival.  The  representations and warranties of
the Company and the Buyer  contained  in Sections 3 and 2,  respectively,  shall
survive the Closing until eighteen months after the Closing Date. The agreements
and covenants set forth in Sections 4, 5 and 7 shall survive the Closing.

                                       11
<PAGE>

                           j.  Publicity.  The  Company and the Buyer shall have
the right to approve  before  issuance  any press  releases or any other  public
statements  with  respect to the  transactions  contemplated  hereby;  provided,
however,  that the Company shall be entitled,  without the prior approval of the
Buyer, to make any press release or other public disclosure with respect to such
transactions  as is required by  applicable  law and  regulations  (although the
Buyer  shall be  consulted  by the  Company  in  connection  with any such press
release or other  public  disclosure  prior to its release and shall be provided
with a copy thereof), but only to the extent required by such law or regulation.

                           k.  Further  Assurances.  Each  party  shall  do  and
perform,  or cause to be done and  performed,  all such further acts and things,
and  shall  execute  and  deliver  all  such  other  agreements,   certificates,
instruments and documents, as the other party may reasonably request in order to
carry out the intent and  accomplish  the  purposes  of this  Agreement  and the
consummation of the transactions contemplated hereby.

                           l.  No Strict Construction. The language used in this
Agreement  will be deemed to be the  language  chosen by the  parties to express
their mutual intent, and no rules of strict construction will be applied against
any party.

                           m.  Equitable Relief.  The Company recognizes that in
the event that it fails to  perform,  observe,  or  discharge  any or all of its
obligations  under this Agreement,  any remedy at law may prove to be inadequate
relief to the  Buyer.  The  Company  therefore  agrees  that the Buyer  shall be
entitled to temporary and permanent  injunctive  relief in any such case without
the necessity of proving actual damages.

                           n.  Consent  to  Jurisdiction.   The  parties  hereto
expressly  submit  themselves  to the  exclusive  jurisdiction  of the state and
federal  courts  of New  York  in any  action  or  proceeding  relating  to this
Agreement  or any of  the  other  documents  contemplated  hereby  or any of the
transactions  contemplated  hereby or  thereby.  Each party  hereby  irrevocably
waives, to the fullest extent permitted by law, any objection that it may now or
hereafter  have to the laying of venue of any such  action,  suit or  proceeding
brought in such a court and any claim that any such action,  suit or  proceeding
brought in such a court has been brought in an inconvenient  forum.  The parties
hereto irrevocably and unconditionally  consent to the service of process of any
of the  aforementioned  courts in any such  action,  suit or  proceeding  by the
mailing of copies thereof by registered or certified mail,  postage prepaid,  at
their  respective  addresses  set forth or provided for herein,  such service to
become  effective 10 days after such  mailing.  Nothing  herein shall affect the
right  of any  party to  serve  process  in any  manner  permitted  by law or to
commence legal proceedings or otherwise proceed against the other parties in any
other jurisdiction.

                                      * * *

                                       12
<PAGE>

                  IN WITNESS WHEREOF, the Buyer and the Company have caused this
Securities  Purchase  Agreement to be duly executed as of the date first written
above.

                                            COMPANY:
                                            --------

                                            CAPITA RESEARCH GROUP, INC.

                                            By: /s/ David B. Hunter
                                            -----------------------
                                                 Name:  David B. Hunter
                                                 Its:  President

                                       13
<PAGE>

                                                   THE BUYER:
                                                   ----------

                                                   /s/ David G. Sandelovsky
                                                   ------------------------
                                                   David G. Sandelovsky

                                       14

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