Document:

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                                                                    EXHIBIT 4.3

                                  ATTACHMENT 1
                                       TO
                         SERIES 1 BRIDGE FINANCING NOTE

                            Form of Repricing Warrant

NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE
HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
APPLICABLE STATE SECURITIES LAW AND NEITHER MAY BE SOLD OR OTHERWISE TRANSFERRED
UNTIL (I) A REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND SUCH APPLICABLE
STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR (II)
THE COMPANY SHALL HAVE RECEIVED A WRITTEN OPINION OF COUNSEL ACCEPTABLE TO THE
COMPANY TO THE EFFECT THAT REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH
PROPOSED TRANSFER.

                       FORM OF PROVIDENTIAL HOLDINGS, INC.
                          COMMON STOCK PURCHASE WARRANT

Warrant No. ____                                                   __,000 shares

                       ORIGINAL ISSUE DATE: MARCH 28, 2000

         THIS CERTIFIES THAT, FOR VALUE RECEIVED, _______________ {Purchaser of
Bridge Notes} or its assigns (the "Holder") is entitled to purchase, on the
terms and conditions hereinafter set forth, at any time or from time to time
from the date hereof until 5:00 p.m., Eastern Time, on fifth (5th) anniversary
of the Original Issue Date set forth above, or if such date is not a day on
which the Company is open for business, then the next succeeding day on which
the Company is open for business (such date is the "Expiration Date"), but not
thereafter, to purchase up to _______ THOUSAND (___,000) shares of the Common
Stock, par value $.001 (the "Common Stock"), of PROVIDENTIAL HOLDINGS, INC., a
Nevada corporation (the "Company"), at $____ {110% of Closing Bid Price on
Original Issue Date} per share (the "Exercise Price"), such number of shares and
Exercise Price being subject to adjustment upon the occurrence of the
contingencies set forth in this Warrant. Each share of Common Stock as to which
this Warrant is exercisable is a "Warrant Share" and all such shares are
collectively referred to as the "Warrant Shares." Capitalized terms used in this
Warrant but not otherwise defined herein shall have the meanings assigned to
such terms in the Securities Purchase Agreement.

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SECTION 1. EXERCISE OF WARRANT; CONVERSION OF WARRANT.

         (a)      This Warrant may, at the option of the Holder, be exercised in
whole or in part from time to time by delivery to the Company at its office at
8700 Warner Avenue, Fountain Valley, California 92708 Attention: President, on
or before 5:00 p.m., Eastern Time, on the Expiration Date, (i) a written notice
of such registered Holder's election to exercise this Warrant (the "Exercise
Notice"), which notice may be in the form of the Notice of Exercise attached
hereto, properly executed and completed by the registered Holder or an
authorized officer thereof, (ii) a check payable to the order of the
Corporation, in an amount equal to the product of the Exercise Price multiplied
by the number of Warrant Shares specified in the Exercise Notice, and (iii) this
Warrant (the items specified in (i), (ii), and (iii) are collectively the
"Exercise Materials").

         (b)      This Warrant may, at the option of the Holder, be converted
into Common Stock in whole but not in part, if and only if the Average Market
Price of one share of Common Stock on the Effective Date (as defined in Section
1(c) hereof) is greater than the Exercise Price, by delivery to the Company at
the address designated in Section 1(a) above or to any transfer agent for the
Common Stock, on or before 5:00 p.m. Eastern Time on the Expiration Date, (i) a
written notice of Holder's election to convert this Warrant (the "Conversion
Notice"), properly executed and completed by the registered Holder or an
authorized officer thereof, and (ii) this Warrant (the items specified in (i)
and (ii) are collectively the "Conversion Materials"). The number of shares of
Common Stock issuable upon conversion of this Warrant is equal to the quotient
of (x) the product of the number of Warrant Shares then issuable upon exercise
of this Warrant (assuming an exercise for cash) multiplied by the difference
between (A) the Average Market Price on the Effective Date (as such term is
defined in Section 1(c) hereof) minus (B) the then effective Exercise Price
divided by (y) the Average Market Price on the Effective Date. As used herein,
"Average Market Price" on any particular date means the arithmetic mean of the
Closing Bid Prices (as defined below) for the Common Stock for each trading day
in the five (5) trading day period ending on the trading day immediately
preceding the date on which the calculation is to be made. As used herein,
"Closing Bid Price" means, the last closing bid price of the Common Stock during
regular trading hours on the OTC Bulletin Board (the "OTCBB") as reported by
Bloomberg Financial Markets ("Bloomberg"), or, if the OTCBB is not the principal
trading market for the Common Stock, the last closing bid price during regular
trading hours of the Common Stock on the principal securities exchange or
trading market where the Common Stock is listed or traded as reported by
Bloomberg, or if the foregoing do not apply, the last closing bid price of the
Common Stock in the over-the-counter market on the pink sheets or bulletin board
for the Common Stock as reported by Bloomberg, or, if no closing bid price is
reported for the Common Stock by Bloomberg, the last closing trade price of the
Common Stock as reported by Bloomberg. If the Closing Bid Price cannot be
calculated for the Common Stock on such date on any of the foregoing bases, the
Closing Bid Price of the Common Stock on such date shall be the fair market
value as reasonably determined in good faith by the Board of Directors of the
Company (all as appropriately adjusted for any stock dividend, stock split, or
other similar transaction during such period).

         (c)      As promptly as practicable, and in any event within two (2)
business days after its receipt of the Exercise Materials or the Conversion
Materials, Company shall execute or cause to be executed and delivered to Holder
a certificate or certificates representing the number of Repricing Shares
specified in the Exercise Notice or Conversion Notice, together with cash in
lieu of any fraction of a share, and if this Warrant is partially exercised, a
new warrant on the same terms for the unexercised balance of the Warrant Shares.
The stock certificate or certificates shall be registered in the name of Holder
or such other name or names as shall be designated in the Exercise Notice. The

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date on which the Warrant shall be deemed to have been exercised (the "Effective
Date"), and the date the person in whose name any certificate evidencing the
Common Stock issued upon the exercise hereof is issued shall be deemed to have
become the holder of record of such shares, shall be the date the Corporation
receives the Exercise Materials or Conversion Materials, irrespective of the
date of delivery of a certificate or certificates evidencing the Common Stock
issued upon the exercise or conversion hereof, provided, however, that if the
Exercise Materials or Conversion Materials are received by the Company on a date
on which the stock transfer books of the Company are closed, the Effective Date
shall be the next succeeding date on which the stock transfer books are open.
All shares of Common Stock issued upon the exercise or conversion of this
Warrant will, upon issuance, be fully paid and nonassessable and free from all
taxes, liens, and charges with respect thereto.

         (d)      If the Company shall fail to issue to Holder within five (5)
business days following the date of receipt by the Company of the Exercise
Materials or Conversion Materials, a certificate for the number of shares of
Common Stock to which Holder is entitled upon exercise of this Warrant, in
addition to all other available remedies which such holder may pursue at law or
in equity, including without limitation the rights to indemnification pursuant
to Section 7.18 of the Series 1 Bridge Note Purchase and Security Agreement
between the Company and the initial holder of the Warrant (the "Securities
Purchase Agreement"), the Company shall pay additional damages to Holder on each
day after the Effective Date until such certificate for the Repricing Shares is
received by Holder, an amount equal to 1.0% of the product of (A) the number of
Repricing Shares not issued to Holder and to which Holder is entitled multiplied
by (B) the Closing Bid Price of the Common Stock on the Effective Date. Such
damages shall be computed and due and payable daily.

         SECTION 2. ADJUSTMENTS TO WARRANT SHARES. The number of Warrant Shares
issuable upon the exercise hereof shall be subject to adjustment as follows:

         (a)      In the event the Company is a party to a consolidation, share
exchange, or merger, or the sale of all or substantially all of the assets of
the Company to, any person, or in the case of any consolidation or merger of
another corporation into the Company in which the Company is the surviving
corporation, and in which there is a reclassification or change of the shares of
Common Stock of the Company, this Warrant shall after such consolidation, share
exchange, merger, or sale be exercisable for the kind and number of securities
or amount and kind of property of the Company or the corporation or other entity
resulting from such share exchange, merger, or consolidation, or to which such
sale shall be made, as the case may be (the "Successor Company"), to which a
holder of the number of shares of Common Stock deliverable upon the exercise
(immediately prior to the time of such consolidation, share exchange, merger, or
sale) of this Warrant would have been entitled upon such consolidation, share
exchange, merger, or sale; and in any such case appropriate adjustments shall be
made in the application of the provisions set forth herein with respect to the
rights and interests of the registered Holder of this Warrant, such that the
provisions set forth herein shall thereafter correspondingly be made applicable,
as nearly as may reasonably be, in relation to the number and kind of securities
or the type and amount of property thereafter deliverable upon the exercise of
this Warrant. The above provisions shall similarly apply to successive
consolidations, share exchanges, mergers, and sales. Any adjustment required by
this Section 2 (a) because of a consolidation, share exchange, merger, or sale
shall be set forth in an undertaking delivered to the registered Holder of this
Warrant and executed by the Successor Company which provides that the Holder of
this Warrant shall have the right to exercise this Warrant for the kind and
number of securities or amount and kind of property of the Successor Company or
to which the holder of a number of shares of Common Stock deliverable upon
exercise (immediately prior to the time of such consolidation, share exchange,
merger, or sale) of this Warrant would have been entitled upon such

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consolidation, share exchange, merger, or sale. Such undertaking shall also
provide for future adjustments to the number of Warrant Shares and the Exercise
Price in accordance with the provisions set forth in Section 2 hereof.

         (b)      In the event the Company should at any time, or from time to
time after the Original Issue Date, fix a record date for the effectuation of a
stock split or subdivision of the outstanding shares of Common Stock or the
determination of holders of Common Stock entitled to receive a dividend or other
distribution payable in additional shares of Common Stock, or securities or
rights convertible into, or entitling the holder thereof to receive directly or
indirectly, additional shares of Common Stock (hereinafter referred to as
"Common Stock Equivalents") without payment of any consideration by such holder
for the additional shares of Common Stock or the Common Stock Equivalents
(including the additional shares of Common Stock issuable upon exercise or
exercise thereof), then, as of such record date (or the date of such dividend,
distribution, split, or subdivision if no record date is fixed), the number of
Warrant Shares issuable upon the exercise hereof shall be proportionately
increased and the Exercise Price shall be appropriately decreased by the same
proportion as the increase in the number of outstanding Common Stock Equivalents
of the Company resulting from the dividend, distribution, split, or subdivision.
Notwithstanding the preceding sentence, no adjustment shall be made to decrease
the Exercise Price below $.001 per Share.

         (c)      In the event the Company should at any time or from time to
time after the Original Issue Date, fix a record date for the effectuation of a
reverse stock split, or a transaction having a similar effect on the number of
outstanding shares of Common Stock of the Company, then, as of such record date
(or the date of such reverse stock split or similar transaction if no record
date is fixed), the number of Warrant Shares issuable upon the exercise hereof
shall be proportionately decreased and the Exercise Price shall be appropriately
increased by the same proportion as the decrease of the number of outstanding
Common Stock Equivalents resulting from the reverse stock split or similar
transaction.

         (d)      In the event the Company should at any time or from time to
time after the Original Issue Date, fix a record date for a reclassification of
its Common Stock, then, as of such record date (or the date of the
reclassification if no record date is set), this Warrant shall thereafter be
convertible into such number and kind of securities as would have been issuable
as the result of such reclassification to a holder of a number of shares of
Common Stock equal to the number of Warrant Shares issuable upon exercise of
this Warrant immediately prior to such reclassification, and the Exercise Price
shall be unchanged.

         (e)      The Company will not, by amendment of its Certificate of
Incorporation or through reorganization, consolidation, merger, dissolution,
issue, or sale of securities, sale of assets or any other voluntary action, void
or seek to avoid the observance or performance of any of the terms of the
Warrant, but will at all times in good faith assist in the carrying out of all
such terms and in the taking of all such actions as may be necessary or
appropriate in order to protect the rights of the Holder against dilution or
other impairment. Without limiting the generality of the foregoing, the Company
(x) will not create a par value of any share of stock receivable upon the
exercise of the Warrant above the amount payable therefor upon such exercise,
and (y) will take all such action as may be necessary or appropriate in order
that the Company may validly and legally issue fully paid and non-assessable
shares upon the exercise of the Warrant.

         (f)      When any adjustment is required to be made in the number or
kind of shares purchasable upon exercise of the Warrant, or in the Exercise
Price, the Company shall promptly

<PAGE>

notify the Holder of such event and of the number of shares of Common Stock or
other securities or property thereafter purchasable upon exercise of the
Warrants and of the Exercise Price, together with the computation resulting in
such adjustment.

         (g)      The Company covenants and agrees that all Warrant Shares which
may be issued will, upon issuance, be validly issued, fully paid, and
non-assessable. The Company further covenants and agrees that the Company will
at all times have authorized and reserved, free from preemptive rights, a
sufficient number of shares of its Common Stock to provide for the exercise of
the Warrant in full.

         SECTION 3. NO STOCKHOLDER RIGHTS. This Warrant shall not entitle the
Holder hereof to any voting rights or other rights as a stockholder of the
Company.

         SECTION 4. TRANSFER OF SECURITIES.

         (a)      This Warrant and the Warrant Shares and any shares of capital
stock received in respect thereof, whether by reason of a stock split or share
reclassification thereof, a stock dividend thereon, or otherwise, shall not be
transferable except upon compliance with the provisions of the Securities Act of
1933, as amended (the "Securities Act") and applicable state securities laws
with respect to the transfer of such securities. The Holder of this Warrant, by
acceptance of this Warrant, agrees to be bound by the provisions of Section 4
hereof and to indemnify and hold harmless the Company against any loss or
liability arising from the disposition of this Warrant or the Warrant Shares
issuable upon exercise hereof or any interest in either thereof in violation of
the provisions of this Warrant.

         (b)      Each certificate for the Warrant Shares and any shares of
capital stock received in respect thereof, whether by reason of a stock split or
share reclassification thereof, a stock dividend thereon or otherwise, and each
certificate for any such securities issued to subsequent transferees of any such
certificate shall (unless otherwise permitted by the provisions hereof) be
stamped or otherwise imprinted with a legend in substantially the following
form:

         "NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE
         UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES
         ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES
         LAW AND NEITHER MAY BE SOLD OR OTHERWISE TRANSFERRED UNTIL (I)
         A REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND SUCH
         APPLICABLE STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE
         WITH REGARD THERETO, OR (II) THE COMPANY SHALL HAVE RECEIVED A
         WRITTEN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY TO THE
         EFFECT THAT REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH
         APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION
         WITH SUCH PROPOSED TRANSFER."

         SECTION 5. REGISTRATION.

         All Warrant Shares are subject to the rights and privileges granted in
and under the Registration Rights Agreement dated March 27, 2000 as Registrable
Securities (as such term is defined in such Registration Rights Agreement).

<PAGE>

         SECTION 6. MISCELLANEOUS.

         (a)      The terms of this Warrant shall be binding upon and shall
inure to the benefit of any permitted successors or assigns of the Company and
of the Holder.

         (b)      Except as otherwise provided herein, this Warrant and all
rights hereunder are transferable by the registered holder hereof in person or
by duly authorized attorney on the books of the Company upon surrender of this
Warrant, properly endorsed, to the Company. The Company may deem and treat the
registered holder of this Warrant at any time as the absolute owner hereof for
all purposes and shall not be affected by any notice to the contrary.

         (c)      Notwithstanding any provision herein to the contrary, Holder
may not exercise, sell, transfer, or otherwise assign this Warrant unless the
Company is provided with an opinion of counsel satisfactory in form and
substance to the Company, to the effect that such exercise, sale, transfer, or
assignment would not violate the Securities Act or applicable state securities
laws.

         (d)      This Warrant may be divided into separate warrants covering
one share of Common Stock or any whole multiple thereof, for the total number of
shares of Common Stock then subject to this Warrant at any time, or from time to
time, upon the request of the registered holder of this Warrant and the
surrender of the same to the Company for such purpose. Such subdivided Warrants
shall be issued promptly by the Company following any such request and shall be
of the same form and tenor as this Warrant, except for any requested change in
the name of the registered holder stated herein.

         (e)      Any notices, consents, waivers, or other communications
required or permitted to be given under the terms of this Warrant must be in
writing and will be deemed to have been delivered (a) upon receipt, when
delivered personally, (b) upon receipt, when sent by facsimile, provided a copy
is mailed by U.S. certified mail, return receipt requested, (c) three (3) days
after being sent by U.S. certified mail, return receipt requested, or (d) 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:

         If to the Company:         Providential Holdings, Inc.
                                    8700 Warner Avenue
                                    Fountain Valley, California 92708
                                    Attention:
                                    Facsimile:

         If to Holder, to the registered address of Holder appearing on the
books of the Company. Each party shall provide five (5) days prior written
notice to the other party of any change in address, which change shall not be
effective until actual receipt thereof

         (f)      The corporate laws of the State of Nevada shall govern all
issues concerning the relative rights of the Company and its stockholders. All
other questions concerning the construction, validity, enforcement and
interpretation of this Warrant shall be governed by the internal laws of the
State of New York, without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of New York or any other jurisdictions)
that would cause the application of the laws of any jurisdictions other than the
State of New York. Each party hereby irrevocably submits to the non-exclusive
jurisdiction of the state and federal courts sitting the City of New York,
borough

<PAGE>

of Manhattan, for the adjudication of any dispute hereunder or in connection
herewith or with any transaction contemplated hereby or discussed herein, and
hereby irrevocably waives, and agrees not to assert in any suit, action or
proceeding, any claim that it is not personally subject to the jurisdiction of
any such court, that such suit, action or proceeding is brought in an
inconvenient forum or that the venue of such suit, action or proceeding is
improper. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by
mailing a copy thereof to such party at the address for such notices to it under
this Warrant and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law.
If any provision of this Warrant shall be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this Warrant in that jurisdiction or the
validity or enforceability of any provision of this Warrant in any other
jurisdiction.

<PAGE>

                                 SIGNATURE PAGE
                                       TO
                                     COMPANY
                          COMMON STOCK PURCHASE WARRANT

         IN WITNESS WHEREOF, the Company, has caused this Warrant to be executed
in its name by its duly authorized officers under seal, and to be dated as of
the date first above written.

                                          PROVIDENTIAL HOLDINGS, INC.

                                          By: /s/  Henry Fahman
                                             ------------------
                                          Henry Fahman
                                          President and Chief Executive Officer

/s/  Tina Phan
--------------
Secretary/Assistant Secretary

                                                  [CORPORATE SEAL]

                                   ASSIGNMENT

(To be Executed by the Registered Holder to effect a Transfer of the foregoing
Warrant)

         FOR VALUE RECEIVED, the undersigned hereby sells, and assigns and
transfers unto ___________________________________________________________ the
foregoing Warrant and the rights represented thereto to purchase shares of
Common Stock of PROVIDENTIAL HOLDINGS, INC. in accordance with terms and
conditions thereof, and does hereby irrevocably constitute and appoint
________________ Attorney to transfer the said Warrant on the books of the
Company, with full power of substitution.

Holder:
_______________________________

_______________________________
Address

Dated: __________________, 19__

In the presence of:

_______________________________

<PAGE>

                    FORM OF NOTICE OF EXERCISE OR CONVERSION

[To be signed only upon exercise of Warrant]

To:      PROVIDENTIAL HOLDINGS, INC.

The undersigned registered Holder of the attached Warrant hereby irrevocably
elects to exercise the Warrant for, and to purchase thereunder, _____ shares of
Common Stock of PROVIDENTIAL HOLDINGS, INC., issuable upon exercise of said
Warrant and hereby surrenders said Warrant.

                                   Choose One:

                  The Holder herewith delivers to PROVIDENTIAL HOLDINGS, INC., a
                  check in the amount of $______ representing the Exercise Price
                  for such shares.

                                       OR

                  The Holder elects a cashless exercise pursuant to Section 2(b)
                  of the Warrant. The Average Market Price as of _______ was
                  $_____.

The undersigned herewith requests that the certificates for such shares be
issued in the name of, and delivered to the undersigned, whose address is
________________________________.

Dated: ___________________

                                            HOLDER:

                                            ____________________________________

                                            ____________________________________

                                            By:_________________________________

                                               _____________________

                                     NOTICE

The signature above must correspond to the name as written upon the face of the
within Warrant in every particular, without alteration or enlargement or any
change whatsoever.<PAGE>

                                                                   EXHIBIT 4.4

NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE
HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
APPLICABLE STATE SECURITIES LAW AND NEITHER MAY BE SOLD OR OTHERWISE TRANSFERRED
UNTIL (I) A REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND SUCH APPLICABLE
STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR (II)
THE COMPANY SHALL HAVE RECEIVED A WRITTEN OPINION OF COUNSEL ACCEPTABLE TO THE
COMPANY TO THE EFFECT THAT REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH
PROPOSED TRANSFER.

                       FORM OF PROVIDENTIAL HOLDINGS, INC.
                           ATTACHED REPRICING WARRANT

Warrant No. RPW-____                                              ___,000 Shares

                       Original Issue Date: March 28, 2000

         THIS CERTIFIES THAT, FOR VALUE RECEIVED, _______________ {Purchaser of
Bridge Notes} or its assigns (the "Holder") is entitled to purchase, on the
terms and conditions hereinafter set forth, after the Repricing Date, a number
of shares of the Common Stock, par value $.04 (the "Common Stock"), of
PROVIDENTIAL HOLDINGS, INC., a Nevada corporation (the "Company"), determined in
accordance with Section 2 hereof, at a price of $.04 per share (the "Exercise
Price"). Each share of Common Stock as to which this Repricing Warrant is
exercisable is a "Repricing Share" and all such shares are collectively referred
to as the "Repricing Shares." This Repricing Warrant shall remain attached to
the Series 1 Bridge Financing Note issued to Holder on the Original Issue Date
(the "Bridge Note"), until conversion of the Bridge Note, at which time a
portion of this Warrant shall automatically become exercisable and detach in
accordance with the terms hereof.

         SECTION 1. DEFINITIONS.

The following capitalized terms are not defined elsewhere in this Repricing
Warrant, and are used herein with the meanings thereafter ascribed:

"Average Market Price" means, the arithmetic mean of the Closing Bid Prices of
the Common Stock for each trading day in the Repricing Period.

<PAGE>

"Closing Bid Price" means, the last closing bid price of the Common Stock during
regular trading hours on the OTC Bulletin Board (the "OTCBB") as reported by
Bloomberg Financial Markets ("Bloomberg"), or, if the OTCBB is not the principal
trading market for the Common Stock, the last closing bid price during regular
trading hours of the Common Stock on the principal securities exchange or
trading market where the Common Stock is listed or traded as reported by
Bloomberg, or if the foregoing do not apply, the last closing bid price of the
Common Stock in the over-the-counter market on the pink sheets or bulletin board
for the Common Stock as reported by Bloomberg, or, if no closing bid price is
reported for the Common Stock by Bloomberg, the last closing trade price of the
Common Stock as reported by Bloomberg. If the Closing Bid Price cannot be
calculated for the Common Stock on such date on any of the foregoing bases, the
Closing Bid Price of the Common Stock on such date shall be the fair market
value as reasonably determined in good faith by the Board of Directors of the
Company (all as appropriately adjusted for any stock dividend, stock split, or
other similar transaction during such period);

"Conversion Date" means the date Holder converts the Bridge Note.

"Conversion Price" means $2.88.

"Conversion Shares" means the number of shares of Common Stock issued from time
to time upon conversion of the Bridge Note.

"Repricing Date" means the twenty-first (21st) Trading Day after the Conversion
Date.

"Repricing Period " means the twenty (20) Trading Days period commencing on the
Conversion Date.

Other capitalized terms used in this Warrant but not otherwise defined herein
shall have the meanings assigned to such terms in the Securities Purchase
Agreement.

         SECTION 2. DETERMINATION OF NUMBER OF REPRICING SHARES. The number of
Repricing Shares issuable upon exercise of this Repricing Warrant shall be
adjusted on the Repricing Date to an amount equal to: the number of Conversion
Shares multiplied by a fraction, (a) the numerator of which is the Conversion
Price minus the Average Market Price and (b) the denominator of which is the
Average Market Price. In the case of a dispute as to the determination of the
Average Market Price or the arithmetic calculation of the Exercise Price, the
Company shall promptly issue to such Holder(s) the number of shares of Common
Stock that is not disputed and shall submit the disputed determinations or
arithmetic calculations to the holder via facsimile within three (3) business
days of receipt of such holder's Conversion Notice. If such Holder(s) and the
Company are unable to agree upon the determination of the Average Market Price
or arithmetic calculation of the Exercise Price within two (2) business days of
such disputed determination or arithmetic calculation being submitted to the
holder, then the Company shall within one (1) business day submit via facsimile
(A) the disputed determination of the Average Market Price to an independent,
reputable investment bank or (B) the disputed arithmetic calculation of the
Exercise Price to its independent, outside accountant. The Company shall cause
the investment bank or the accountant, as the case may be, to perform the
determinations or calculations and notify the Company and such Holders of the
results no later than forty-eight (48) hours from the time it receives the
disputed determinations or calculations. Such investment bank's or accountant's
determination or calculation, as the case may be, shall be binding upon all
parties absent manifest error.

<PAGE>

         SECTION 3. EXERCISE OF WARRANT.

         (a)      This Warrant shall be exercised by Holder in whole (and not in
part) promptly following the Repricing Date by delivery to the Company at its
office at 8700 Warner Avenue, Fountain Valley, California 92708 Attention:
President, of the following: (i) a written notice of such registered Holder's
election to exercise this Warrant (the "Exercise Notice"), which notice may be
in the form of the Notice of Exercise attached hereto, properly executed and
completed by the registered Holder or an authorized officer thereof; (ii) a
check payable to the order of the Corporation, in an amount equal to the product
of the Exercise Price multiplied by the number of Repricing Shares specified in
the Exercise Notice; and (iii) this Warrant (the items specified in (i), (ii),
and (iii) are collectively the "Exercise Materials"). Notwithstanding the
foregoing, this Warrant is exercisable only if the Average Price is less than
the Conversion Price.

         (b)      As promptly as practicable, and in any event within two (2)
business days after its receipt of the Exercise Materials the Company shall
execute or cause to be executed and delivered to Holder a certificate or
certificates representing the number of Repricing Shares specified in the
Exercise Notice, together with cash in lieu of any fraction of a share. The
stock certificate or certificates shall be registered in the name of the
registered Holder of this Warrant or such other name or names as shall be
designated in the Exercise Notice. The date on which the Warrant shall be deemed
to have been exercised and the date the person in whose name any certificate
evidencing the Common Stock issued upon the exercise hereof is issued shall be
deemed to have become the holder of record of such shares, shall be the date
(the "Effective Date") the Company receives the Exercise Materials, irrespective
of the date of delivery of a certificate or certificates evidencing the Common
Stock issued upon the exercise hereof; provided, however, that if the Exercise
Materials are received by the Company on a date on which the stock transfer
books of the Company are closed, the Effective Date shall be the next succeeding
date on which the stock transfer books are open. All shares of Common Stock
issued upon the exercise of this Warrant will, upon issuance, be fully paid and
nonassessable and free from all taxes, liens, and charges with respect thereto.

         (c)      If the Company shall fail to issue to Holder within five (5)
business days following the date of receipt by the Company of the Exercise
Materials, a certificate for the number of shares of Common Stock to which
Holder is entitled upon exercise of this Warrant, in addition to all other
available remedies which such holder may pursue at law or in equity, including
without limitation the rights to indemnification pursuant to Section 7.18 of the
Series 1 Bridge Note Purchase and Security Agreement between the Company and the
initial holder of the Warrant (the "Securities Purchase Agreement"), the Company
shall pay additional damages to Holder on each day after the Effective Date
until such certificate for the Repricing Shares is received by Holder, an amount
equal to 1.0% of the product of (A) the number of Repricing Shares not issued to
Holder and to which Holder is entitled multiplied by (B) the Closing Bid Price
of the Common Stock on the Effective Date. Such damages shall be computed and
due and payable daily.

         (d)      The Company may, in lieu of issuing the Repricing Shares, pay
to Holder an amount equal to the number of Repricing Shares issuable on the
Effective Date MULTIPLIED BY the Average Market Price (the "Payment Amount"). In
such event, the Company shall pay the Payment Amount to Holder within five (5)
business days following the Effective Date. If the Company shall fail to pay the
Payment Amount within five (5) business days after the Effective Date, in
addition to all other available remedies which Holder may pursue at law or
equity, including without limitation the rights to indemnification pursuant to
Section 7.18 of the Securities Purchase Agreement, the Company shall pay
additional damages to Holder on each day after the Effective Date, until the
Payment Amount

<PAGE>

has been paid, an amount equal to 1.0% of the Payment Amount. Such damages shall
be computed and due and payable daily.

SECTION 4. ADJUSTMENTS TO REPRICING SHARES. The number of Repricing Shares
issuable upon the exercise hereof shall be subject to adjustment as follows:

         (a)      In the event the Company is a party to a consolidation, share
exchange, or merger, or the sale of all or substantially all of the assets of
the Company to, any person, or in the case of any consolidation or merger of
another corporation into the Company in which the Company is the surviving
corporation, and in which there is a reclassification or change of the shares of
Common Stock of the Company, this Warrant shall after such consolidation, share
exchange, merger, or sale be exercisable for the kind and number of securities
or amount and kind of property of the Company or the corporation or other entity
resulting from such share exchange, merger, or consolidation, or to which such
sale shall be made, as the case may be (the "Successor Company"), to which a
holder of the number of shares of Common Stock deliverable upon the exercise
(immediately prior to the time of such consolidation, share exchange, merger, or
sale) of this Warrant would have been entitled upon such consolidation, share
exchange, merger, or sale; and in any such case appropriate adjustments shall be
made in the application of the provisions set forth herein with respect to the
rights and interests of the registered Holder of this Warrant, such that the
provisions set forth herein shall thereafter correspondingly be made applicable,
as nearly as may reasonably be, in relation to the number and kind of securities
or the type and amount of property thereafter deliverable upon the exercise of
this Warrant. The above provisions shall similarly apply to successive
consolidations, share exchanges, mergers, and sales. Any adjustment required by
this Section 4(a) because of a consolidation, share exchange, merger, or sale
shall be set forth in an undertaking delivered to the registered Holder of this
Warrant and executed by the Successor Company which provides that the Holder of
this Warrant shall have the right to exercise this Warrant for the kind and
number of securities or amount and kind of property of the Successor Company or
to which the holder of a number of shares of Common Stock deliverable upon
exercise (immediately prior to the time of such consolidation, share exchange,
merger, or sale) of this Warrant would have been entitled upon such
consolidation, share exchange, merger, or sale. Such undertaking shall also
provide for future adjustments to the number of Repricing Shares and the
Exercise Price in accordance with the provisions set forth in Section 2 hereof.

         (b)      In the event the Company should at any time, or from time to
time after the Original Issue Date, fix a record date for the effectuation of a
stock split or subdivision of the outstanding shares of Common Stock or the
determination of holders of Common Stock entitled to receive a dividend or other
distribution payable in additional shares of Common Stock, or securities or
rights convertible into, or entitling the holder thereof to receive directly or
indirectly, additional shares of Common Stock (hereinafter referred to as
"Common Stock Equivalents") without payment of any consideration by such holder
for the additional shares of Common Stock or the Common Stock Equivalents
(including the additional shares of Common Stock issuable upon exercise or
exercise thereof), then, as of such record date (or the date of such dividend,
distribution, split, or subdivision if no record date is fixed), the number of
Repricing Shares issuable upon the exercise hereof shall be proportionately
increased and the Exercise Price shall be appropriately decreased by the same
proportion as the increase in the number of outstanding Common Stock Equivalents
of the Company resulting from the dividend, distribution, split, or subdivision.
Notwithstanding the preceding sentence, no adjustment shall be made to decrease
the Exercise Price below $.04 per Share.

         (c)      In the event the Company should at any time or from time to
time after the Original

<PAGE>

Issue Date, fix a record date for the effectuation of a reverse stock split, or
a transaction having a similar effect on the number of outstanding shares of
Common Stock of the Company, then, as of such record date (or the date of such
reverse stock split or similar transaction if no record date is fixed), the
number of Repricing Shares issuable upon the exercise hereof shall be
proportionately decreased and the Exercise Price shall be appropriately
increased by the same proportion as the decrease of the number of outstanding
Common Stock Equivalents resulting from the reverse stock split or similar
transaction.

         (d)      In the event the Company should at any time or from time to
time after the Original Issue Date, fix a record date for a reclassification of
its Common Stock, then, as of such record date (or the date of the
reclassification if no record date is set), this Warrant shall thereafter be
convertible into such number and kind of securities as would have been issuable
as the result of such reclassification to a holder of a number of shares of
Common Stock equal to the number of Repricing Shares issuable upon exercise of
this Warrant immediately prior to such reclassification, and the Exercise Price
shall be unchanged.

         (e)      The Company will not, by amendment of its Certificate of
Incorporation or through reorganization, consolidation, merger, dissolution,
issue, or sale of securities, sale of assets or any other voluntary action, void
or seek to avoid the observance or performance of any of the terms of the
Warrant, but will at all times in good faith assist in the carrying out of all
such terms and in the taking of all such actions as may be necessary or
appropriate in order to protect the rights of the Holder against dilution or
other impairment. Without limiting the generality of the foregoing, the Company
(x) will not create a par value of any share of stock receivable upon the
exercise of the Warrant above the amount payable therefor upon such exercise,
and (y) will take all such action as may be necessary or appropriate in order
that the Company may validly and legally issue fully paid and non-assessable
shares upon the exercise of the Warrant.

         (f)      When any adjustment is required to be made in the number or
kind of shares purchasable upon exercise of the Warrant, or in the Exercise
Price, the Company shall promptly notify the Holder of such event and of the
number of shares of Common Stock or other securities or property thereafter
purchasable upon exercise of the Warrants and of the Exercise Price, together
with the computation resulting in such adjustment.

         (g)      The Company covenants and agrees that all Repricing Shares
which may be issued will, upon issuance, be validly issued, fully paid, and
non-assessable. The Company further covenants and agrees that the Company will
at all times have authorized and reserved, free from preemptive rights, a
sufficient number of shares of its Common Stock to provide for the exercise of
the Warrant in full.

         SECTION 5. NO STOCKHOLDER RIGHTS. This Warrant shall not entitle the
Holder hereof to any voting rights or other rights as a stockholder of the
Company.

         SECTION 6. TRANSFER OF SECURITIES.

         (a)      This Warrant and the Repricing Shares and any shares of
capital stock received in respect thereof, whether by reason of a stock split or
share reclassification thereof, a stock dividend thereon, or otherwise, shall
not be transferable except upon compliance with the provisions of the Securities
Act of 1933, as amended (the "Securities Act") and applicable state securities
laws with respect to the transfer of such securities. The Holder of this
Warrant, by acceptance of this Warrant,

<PAGE>

agrees to be bound by the provisions of this Section 6 and to indemnify and hold
harmless the Company against any loss or liability arising from the disposition
of this Warrant or the Repricing Shares issuable upon exercise hereof or any
interest in either thereof in violation of the provisions of this Warrant.

         (b)      Each certificate for the Repricing Shares and any shares of
capital stock received in respect thereof, whether by reason of a stock split or
share reclassification thereof, a stock dividend thereon or otherwise, and each
certificate for any such securities issued to subsequent transferees of any such
certificate shall (unless otherwise permitted by the provisions hereof) be
stamped or otherwise imprinted with a legend in substantially the following
form:

         "NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE
         UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES
         ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES
         LAW AND NEITHER MAY BE SOLD OR OTHERWISE TRANSFERRED UNTIL (I)
         A REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND SUCH
         APPLICABLE STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE
         WITH REGARD THERETO, OR (II) THE COMPANY SHALL HAVE RECEIVED A
         WRITTEN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY TO THE
         EFFECT THAT REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH
         APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION
         WITH SUCH PROPOSED TRANSFER."

         SECTION 6. REGISTRATION.

         All Repricing Shares are subject to the rights and privileges granted
in and under the Registration Rights Agreement dated March 28, 2000 as
Registrable Securities (as such term is defined in such Registration Rights
Agreement).

         SECTION 7. MISCELLANEOUS.

         (a)      The terms of this Warrant shall be binding upon and shall
inure to the benefit of any permitted successors or assigns of the Company and
of the Holder.

         (b)      Except as otherwise provided herein, this Warrant and all
rights hereunder are transferable by the registered holder hereof in person or
by duly authorized attorney on the books of the Company upon surrender of this
Warrant, properly endorsed, to the Company. The Company may deem and treat the
registered holder of this Warrant at any time as the absolute owner hereof for
all purposes and shall not be affected by any notice to the contrary.

         (c)      Notwithstanding any provision herein to the contrary, Holder
may not exercise, sell, transfer, or otherwise assign this Warrant unless the
Company is provided with an opinion of counsel satisfactory in form and
substance to the Company, to the effect that such exercise, sale, transfer, or
assignment would not violate the Securities Act or applicable state securities
laws.

         (d)      This Warrant may be divided into separate warrants covering
one share of Common Stock or any whole multiple thereof, for the total number of
shares of Common Stock then subject to this Warrant at any time, or from time to
time, upon the request of the registered holder of this

<PAGE>

Warrant and the surrender of the same to the Company for such purpose. Such
subdivided Warrants shall be issued promptly by the Company following any such
request and shall be of the same form and tenor as this Warrant, except for any
requested change in the name of the registered holder stated herein.

         (e)      Any notices, consents, waivers, or other communications
required or permitted to be given under the terms of this Warrant must be in
writing and will be deemed to have been delivered (a) upon receipt, when
delivered personally, (b) upon receipt, when sent by facsimile, provided a copy
is mailed by U.S. certified mail, return receipt requested, (c) three (3) days
after being sent by U.S. certified mail, return receipt requested, or (d) 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:

                  If to Company:    Providential Holdings, Inc.
                                             8700 Warner Avenue
                                             Fountain Valley, California 92708
                                             Attn:  Chief Executive Officer
                                             Telephone:  (714) 596-0244
                                             Facsimile:  (714) 596-0252

                  If to Holder, to the registered address of Holder appearing on
the books of the Company. Each party shall provide five (5) days prior written
notice to the other party of any change in address, which change shall not be
effective until actual receipt thereof.

         (f)      The corporate laws of the State of Nevada shall govern all
issues concerning the relative rights of the Company and its stockholders. All
other questions concerning the construction, validity, enforcement and
interpretation of this Warrant shall be governed by the internal laws of the
State of New York, without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of New York or any other jurisdictions)
that would cause the application of the laws of any jurisdictions other than the
State of New York. Each party hereby irrevocably submits to the non-exclusive
jurisdiction of the state and federal courts sitting the City of New York,
borough of Manhattan, for the adjudication of any dispute hereunder or in
connection herewith or with any transaction contemplated hereby or discussed
herein, and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the
jurisdiction of any such court, that such suit, action or proceeding is brought
in an inconvenient forum or that the venue of such suit, action or proceeding is
improper. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by
mailing a copy thereof to such party at the address for such notices to it under
this Warrant and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law.
If any provision of this Warrant shall be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this Warrant in that jurisdiction or the
validity or enforceability of any provision of this Warrant in any other
jurisdiction.

<PAGE>

                                 SIGNATURE PAGE
                                       TO
                           ATTACHED REPRICING WARRANT

         IN WITNESS WHEREOF, the Company, has caused this Warrant to be executed
in its name by its duly authorized officers under seal, and to be dated as of
the date first above written.

                                       PROVIDENTIAL HOLDINGS, INC.

                                       By: /s/  Henry Fahman
                                          ------------------
                                       Henry Fahman
                                       President and Chief Executive Officer

ATTEST:

/s/  Tina Phan
--------------
Secretary/Assistant Secretary

                                [CORPORATE SEAL]

<PAGE>

                                   ASSIGNMENT

(To be Executed by the Registered Holder to effect a Transfer of the foregoing
Warrant)

         FOR VALUE RECEIVED, the undersigned hereby sells, and assigns and
transfers unto __________________________________________________________ the
foregoing Warrant and the rights represented thereto to purchase shares of
Common Stock of PROVIDENTIAL HOLDINGS, INC. in accordance with terms and
conditions thereof, and does hereby irrevocably constitute and appoint
________________ Attorney to transfer the said Warrant on the books of the
Company, with full power of substitution.

Holder:

_______________________________

_______________________________
Address

Dated: __________________, 19__

In the presence of:

_______________________________

<PAGE>

                                 EXERCISE NOTICE

                  [To be signed only upon exercise of Warrant]

To:      PROVIDENTIAL HOLDINGS, INC.

         The undersigned registered Holder of the attached Warrant hereby
irrevocably elects to exercise the Warrant for, and to purchase thereunder,
_____ shares of Common Stock of PROVIDENTIAL HOLDINGS, INC., issuable upon
exercise of said Warrant and hereby surrenders said Warrant.

                                   Choose One:

                  The Holder herewith delivers to PROVIDENTIAL HOLDINGS, INC., a
                  check in the amount of $______ representing the Exercise Price
                  for such shares.

                                       or

                  The Holder elects a cashless exercise pursuant to Section 2(b)
                  of the Warrant. The Average Market Price as of _______ was
                  $_____.

         The undersigned herewith requests that the certificates for such shares
be issued in the name of, and delivered to the undersigned, whose address is
________________________________.

If electronic book entry transfer, complete the following:
Account Number:_____________________________
Transaction Code Number:____________________

Dated: ___________________

                                       Holder:

                                       _________________________________________

                                       _________________________________________

                                       By:______________________________________
                                           Name:
                                           Title:

                                     NOTICE

The signature above must correspond to the name as written upon the face of the
within Warrant in every particular, without alteration or enlargement or any
change whatsoever.

<PAGE>

                             COMPANY ACKNOWLEDGEMENT
                                       TO
                                 EXERCISE NOTICE

ACKNOWLEDGED AND AGREED:

PROVIDENTIAL HOLDINGS, INC.

By:__________________________________________
    Name:
    Title:

Date:

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