Document:

ONE WORLD ONLINE.COM, INC.,
                              a Nevada corporation

                         10% CONVERTIBLE PROMISSORY NOTE

No. ________                                                   $____________ USD

NEITHER  THIS  PROMISSORY  NOTE  NOR THE  UNDERLYING  COMMON  SHARES  HAVE  BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "SECURITIES ACT"), OR UNDER ANY
OTHER APPLICABLE  STATE  SECURITIES  LAWS.  NEITHER THIS PROMISSORY NOTE NOR ANY
COMMON SHARES ISSUED PURSUANT TO ITS CONVERSION  PROVISION MAY BE SOLD, PLEDGED,
TRANSFERRED OR ASSIGNED EXCEPT PURSUANT TO AN EFFECTIVE  REGISTRATION  STATEMENT
UNDER THE SECURITIES ACT AND UNDER  APPLICABLE  STATE  SECURITIES  LAWS, OR IN A
TRANSACTION  WHICH IS  EXEMPT  FROM  REGISTRATION  UNDER THE  PROVISIONS  OF THE
SECURITIES ACT AND UNDER PROVISIONS OF APPLICABLE STATE SECURITIES LAWS.

1.  Promise  to  Pay.  One  World   Online.Com,   Inc.,  a  Nevada   corporation
("Corporation"),    for   value   received,    hereby   promises   to   pay   to
_____________________,  ("Holder"),  the principal  sum of  ____________________
Dollars  ($____________),  with  interest at the rate of ten  percent  (10%) per
annum  until  this  Note  has been  paid in full or  converted  pursuant  to the
provisions hereof.

2.  Payments.  Principal  and  accrued  interest  is due and payable in a single
balloon payment on March 1, 2004 (the "Maturity  Date").  Payments shall be made
in lawful  money of the  United  States  of  America  to  Holder at the  address
provided to the Corporation by the Holder,  as appears on this instrument  below
or at such other  addresses  as sent by Holder to the  Corporation  by certified
U.S. mail at least twenty (20) days before said payment date.

3.  Default.  The  occurrence  of one or  more  of the  following  events  shall
constitute an event of default:

         3.1 The nonpayment of the principal  and/or  interest of this Note when
the same shall have become due and payable.

         3.2 Filing by the  Corporation  of a petition in  bankruptcy or seeking
reorganization,  arrangement, adjustment, or composition of or in respect of the
Corporation's  debts,  whether  under the United States  Bankruptcy  Code or any
other  applicable  federal or state law;  entry of an order for relief under the
United States  Bankruptcy  Code,  whether pursuant to a voluntary or involuntary
petition;  the filing of an involuntary  petition  seeking  adjudication  of the
Corporation  as a debtor  under the  United  States  Bankruptcy  Code or similar
federal law, if said petition is not dismissed  within sixty (60) days; entry of
a decree or order appointing a receiver, liquidator, assignee, or trustee of the
Corporation, or any substantial part if its property, or ordering the winding up
or liquidation of its affairs,  and the  continuance of any such decree or order
unstayed  and in effect for a period of sixty (60) days;  or the making by it of
an assignment for the benefit of creditors, or the admission by it in writing of
its  inability  to pay its debts  generally as they become due, or the taking of
corporate action by the Corporation in furtherance of any such action.

4. Acceleration.  At the option of the Holder, and without demand or notice, all
principal and any accrued and unpaid  interest shall become  immediately due and
payable upon a default as set forth in Section 3 above.

5.  Conversion  Privilege.  The Holder of this Note  shall  have the  right,  at
Holder's option, at any time prior to the Maturity Date, and thereafter with the
consent of the  Corporation,  to convert the principal and accrued,  but unpaid,
interest of this Note into common shares of the Corporation  ("Common  Shares"),
at

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the lesser of (i) $3.50 per share or (ii) a twenty percent (20%) discount to the
average closing bid price of the Company's  common stock as quoted on the Nasdaq
Stock Market System or reported on the NASD's OTC Bulletin  Board during the ten
trading days  preceding the  conversion  date,  subject to a minimum  conversion
price of one dollar ($1.00). The Holder must convert all of the principal if any
is converted.  In order to convert,  the Holder must  surrender this Note to the
Corporation at the Corporation's principal offices and the Corporation shall, as
promptly as practicable after the surrender, deliver to the Holder a certificate
or certificates  representing the number of fully paid and nonassessable  Common
Shares of the  Corporation  into  which this Note may be  converted.  Fractional
shares shall not be issued,  but the conversion  price of such fractional  share
will be paid in cash to the Holder.  No payment or adjustment shall be made upon
any conversion  with respect to any dividend on the common stock  delivered upon
conversion.

6. Call By Corporation.  Provided that this Note has not been converted pursuant
to the provisions  hereof,  the Corporation may at its sole discretion call this
Note for payment at any time prior to the  Maturity  Date,  by the delivery of a
notice of such call to the Holder hereof.  The Holder shall have a 30-day period
after the  Corporation  gives  notice of the call to convert the  Holder's  Note
pursuant to Section 5 hereof. Unless so converted,  the Corporation shall pay to
the Holder  the  principal  and  accrued,  but  unpaid,  interest  due as of the
expiration of Holder's  conversion right (i.e., 30 days after notice of the call
has been sent to Holder),  in exchange for which Holder shall  deliver this Note
to the Corporation.

7. Effect of Mergers, etc. on Conversion Privilege.

         7.1 In case of any capital  reorganization,  or of any reclassification
of the  common  shares of the  Corporation  or in case of the  consolidation  or
merger of the  Corporation  with or into any other  corporation  or of the sale,
lease or other  disposition of the properties and assets of the  Corporation as,
or  substantially  as, an  entirety to any other  corporation,  each Note shall,
after  such  capital   reorganization,   reclassification   of  common   shares,
consolidation,  merger or sale, lease, or other disposition, be convertible into
the kind and amount of shares or other  securities or property  (including cash)
to which the  holder of the  number of common  shares  deliverable  (immediately
prior to the time of such  capital  reorganization,  reclassification  of common
shares,   consolidation,   merger,  sale,  lease,  or  other  disposition)  upon
conversion   of  such  Note  would  have  been   entitled   upon  such   capital
reorganization,  reclassification of common shares, consolidation, merger, sale,
lease, or other disposition.

         7.2 In any such  event,  effective  provision  shall  be  made,  in the
certificate  or  articles  of   incorporation  of  the  resulting  or  surviving
corporation,  in any contracts of sale and conveyance,  or otherwise so that, so
far as appropriate  and as nearly as reasonably may be, the provisions set forth
herein  for the  protection  of the  rights of the  Holder  of this  Note  shall
thereafter be made applicable.

         7.3  Whenever  the  number  or  kind  of  securities  purchasable  upon
conversion of this Note shall be adjusted as required by the  provisions of this
Section 7, the Corporation  shall forthwith file with its Secretary or Assistant
Secretary at its principal office an officer's  certificate showing the adjusted
number of kind of securities purchasable upon conversion of this Note determined
as herein provided and setting forth in reasonable detail such facts as shall be
necessary to show the reason for and the manner of computing  such  adjustments.
Each such officer's  certificate shall be made available at all reasonable times
for inspection by the Holder and the  Corporation  shall,  forthwith  after each
such  adjustment,  mail by  certified  mail a copy of  such  certificate  to the
Holder.

         7.4 So long as this Note shall be outstanding, if the Corporation shall
propose to take any action that would cause an adjustment to be made pursuant to
this Section 7, the Corporation  shall mail by certified mail to the Holder,  at
least 15 days prior to the day on which such adjustment would become  effective,
a notice setting forth in reasonable detail the action to be so taken.

8. Corporation to Reserve Common Shares. The Corporation  covenants that it will
at all times reserve and keep available, free from preemptive rights, out of the
aggregate of its  authorized but unissued  common  shares,  or its issued common
shares held in its treasury,  or both, for the purpose of effecting  conversions
of Notes,  the full number of common shares then deliverable upon the conversion
of all

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outstanding  Notes not theretofore  converted;  and if at any time the number of
authorized  but unissued  common  shares shall not be  sufficient  to effect the
conversion  of all said  outstanding  Notes,  the  Corporation  will  take  such
corporate  action as may in the opinion of its counsel be  necessary to increase
its authorized  but unissued  common shares to such number of shares as shall be
sufficient for that purpose.

9.  Restrictions  on  Transfer.  This  Note has not been  registered  under  the
Securities Act of 1933. This Note, or any right  hereunder,  may not be enforced
against the Corporation by any Holder,  except the original  Holder herein,  and
the Corporation shall not be obligated to recognize any purported  transferee or
assignee,  (i) unless  there is an effective  registration  covering the Note or
underlying  right  under  the  Securities  Act  of  1933  and  applicable  state
securities laws, (ii) unless the Corporation receives an opinion of an attorney,
licensed to practice within the United States, that the transfer of the Note, or
any underlying  right,  complies with the  requirements of the Securities Act of
1933 and any relevant state securities law, or (iii) unless the transfer is made
pursuant to Rule 144 under the Securities Act of 1933. Any permitted  transferee
or assignee shall be subject to the  restrictions  and to the terms of this Note
and the Revolving Loan and Security  Agreement,  and the Corporation may require
said  transferee  or assignee to execute and deliver  such  further  instruments
evidencing or acknowledging the same.

10. Rights of the Holder. The Holder shall not, by virtue hereof, be entitled to
any rights of a shareholder in the Corporation,  either at law or equity, unless
and until Common Shares are issued pursuant to the conversion provisions hereof.

11. Notices. Any notices required or permitted hereunder shall be in writing and
shall be given by  personal  delivery;  by deposit in the  United  States  mail,
certified mail,  return receipt  requested,  postage prepaid;  or by established
express  delivery  service,   freight  prepaid.   Notices  shall  be  delivered,
addressed,  or  transmitted  to the  Corporation  and to Holder at the following
addresses,  which  may be  changed  by a  notice  given  to the  other  party in
accordance  with this  Section.  The date  notice is deemed to have been  given,
received  and  become  effective  shall  be the  date on  which  the  notice  is
delivered,  if notice is given by personal delivery,  two (2) days following the
date of deposit in the mail,  if the notice is sent  through  the United  States
mail, or the date of actual receipt,  if the notice is sent by express  delivery
service.

         The Corporation's address is:

         One World Online.Com, Inc.
         Attn. David N. Nemelka
         4778 North 300 West, Suite 200
         Provo, Utah 84604
         Telephone:        801-852-3540
         Fax:              801-852-3553

         The Holder's address is:

         ____________________________

         ____________________________

         ____________________________

12. Miscellaneous.

         12.1 This Note is one of a series of 10% Convertible  Promissory  Notes
(the "Notes") issued by the Corporation on similar terms.

         12.2 The headings of this Note are for  purposes of reference  only and
shall not limit or define the meaning of any provision of this Note.

         12.3 If suit or action is instituted in connection with any controversy
arising out of this Note, or in the  enforcement  of any rights  hereunder,  the
prevailing  party shall be entitled to recover in addition to

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<PAGE>

costs  such  sums as the  court  may  adjudge  as  reasonable  attorney's  fees,
including attorney's fees incurred in any appeal.

         12.4 This Note shall be governed by the laws of the State of Utah.  Any
legal action to enforce or obtain an interpretation of this Note may be filed in
the  Fourth  Judicial  District  Court of Utah  County,  or the  Third  Judicial
District Court of Salt Lake County,  and the parties  consent to the exercise of
personal over them by said courts.

         12.5 In computing any period of time pursuant to this Note,  the day of
the act, event or default from which the designated period of time begins to run
shall be included, unless it is a Saturday, Sunday, or a legal holiday, in which
event the  period  shall  begin to run on the next day which is not a  Saturday,
Sunday,  or legal holiday,  in which event the period shall run until the end of
the next day thereafter which is not a Saturday, Sunday, or legal holiday.

         12.6  Nothing  herein  shall be  construed  to be to the benefit of any
third party,  nor is it intended that any provision  shall be for the benefit of
any third party.

IN WITNESS WHEREOF,  this Note is executed by One World  Online.Com,  Inc, to be
effective as of the _____ day of _______________, 2001.

ONE WORLD ONLINE.COM, INC.,

a Nevada corporation

By ____________________________

   ____________________________
     Its President

                                       4SERIES "A" WARRANTS

THE WARRANTS  REPRESENTED BY THIS CERTIFICATE AND THE COMMON STOCK ISSUABLE UPON
EXERCISE  OF THE  WARRANTS  HAVE NOT BEEN  REGISTERED  OR  QUALIFIED  UNDER  THE
SECURITIES  ACT OF 1933 OR THE  SECURITIES OR BLUE SKY LAWS OF ANY STATE AND MAY
BE OFFERED  AND SOLD ONLY IF  REGISTERED  AND  QUALIFIED  PURSUANT  TO  RELEVANT
PROVISIONS  OF FEDERAL AND STATE  SECURITIES OR BLUE SKY LAWS OR IF AN EXEMPTION
FROM SUCH REGISTRATION OR QUALIFICATION IS APPLICABLE.

                            ONE WORLD ONLINE.COM, INC.

                Incorporated Under the Laws of the State of Nevada

No. A - _________                                _________ Series A Common Stock
                                                               Purchase Warrants

                     CERTIFICATE FOR SERIES "A" COMMON STOCK

                                PURCHASE WARRANTS

         1. Warrant.  This Warrant  Certificate  certifies  that , or registered
assigns  (the  "Registered  Holder"),  is the  registered  owner  of  the  above
indicated  number of Warrants  expiring on the  Expiration  Date, as hereinafter
defined.  One (1) Warrant  entitles  the  Registered  Holder to purchase one (1)
share of the common stock,  $.001 par value per share (a "Share"),  of One World
Online.Com,  Inc., a Nevada  corporation (the "Company"),  from the Company at a
purchase price of $5.50 per share (the "Exercise  Price") at any time during the
Exercise  Period,  as  hereinafter  defined,  upon  surrender  of  this  Warrant
Certificate  with the  exercise  form hereon duly  completed  and  executed  and
accompanied  by payment of the  Exercise  Price at the  principal  office of the
Company.

         Upon  due   presentment  for  transfer  or  exchange  of  this  Warrant
Certificate at the principal office of the Company, a new Warrant Certificate or
Warrant Certificates of like tenor and evidencing in the aggregate a like number
of Warrants shall be issued in exchange for this Warrant Certificate, subject to
the limitations  provided herein, upon payment of any tax or governmental charge
imposed in  connection  with such  transfer.  Subject to the terms  hereof,  the
Company   shall  deliver   Warrant   Certificates   in  required   whole  number
denominations to Registered  Holders in connection with any transfer or exchange
permitted hereunder.

         2. Restrictive Legend. Each certificate representing Shares issued upon
exercise  of a  Warrant,  unless  such  Shares  are then  registered  under  the
Securities  Act of  1933,  as  amended  (the  "Act"),  shall  bear a  legend  in
substantially the following form:

                  THE SECURITIES  REPRESENTED BY THIS  CERTIFICATE HAVE NOT BEEN
         REGISTERED  OR  QUALIFIED  UNDER  THE  SECURITIES  ACT OF  1933  OR THE
         SECURITIES  OR BLUE SKY LAWS OF ANY STATE AND MAY BE  OFFERED  AND SOLD
         ONLY IF  REGISTERED  AND QUALIFIED  PURSUANT TO RELEVANT  PROVISIONS OF
         FEDERAL AND STATE SECURITIES OR BLUE SKY LAWS OR IF

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         AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION IS APPLICABLE.

         3. Exercise.  Subject to the terms hereof,  the Warrants,  evidenced by
this Warrant Certificate,  may be exercised at the Exercise Price in whole or in
part at any time during the period (the  "Exercise  Period")  commencing  on the
date hereof and  terminating on the three year  anniversary of the date of grant
(the  "Expiration  Date").  The  Exercise  Period  may also be  extended  by the
Company's Board of Directors.

         A Warrant shall be deemed to have been exercised  immediately  prior to
the close of business on the date (the "Exercise  Date") of the surrender to the
Company at its principal  offices of this Warrant  Certificate with the exercise
form  attached  hereto  executed by the  Registered  Holder and  accompanied  by
payment to the Company, in cash, wire transfer, or by official bank or certified
check,  of an amount equal to the aggregate  Exercise  Price, in lawful money of
the United States of America.

         The person  entitled to receive the Shares  issuable upon exercise of a
Warrant or Warrants  ("Warrant Shares") shall be treated for all purposes as the
holder of such Warrant  Shares as of the close of business on the Exercise Date.
The Company shall not be obligated to issue any  fractional  share  interests in
Warrant  Shares  issuable or deliverable on the exercise of any Warrant or scrip
or cash with respect  thereto,  and such right to a fractional share shall be of
no value whatsoever.  If more than one Warrant shall be exercised at one time by
the same Registered Holder, the number of full Shares which shall be issuable on
exercise  thereof shall be computed on the basis of the aggregate number of full
shares issuable on such exercise.

         Promptly,  and in any event within ten business days after the Exercise
Date,  the  Company  shall  cause to be issued  and  delivered  to the person or
persons  entitled to receive the same, a  certificate  or  certificates  for the
number of Warrant Shares deliverable on such exercise.

         The Company may deem and treat the Registered Holder of the Warrants at
any time as the absolute  owner thereof for all purposes,  and the Company shall
not be affected by any notice to the  contrary.  The Warrants  shall not entitle
the  Registered  Holder thereof to any of the rights of  shareholders  or to any
dividend  declared  on the  Shares  unless  the  Registered  Holder  shall  have
exercised  the Warrants and thereby  purchased  the Warrant  Shares prior to the
record date for the determination of holders of Shares entitled to such dividend
or other right.

         4.  Reservation of Shares and Payment of Taxes.  The Company  covenants
that it will at all times reserve and have available from its authorized  Common
Stock  such  number of shares  as shall  then be  issuable  on the  exercise  of
outstanding Warrants.  The Company covenants that all Warrant Shares which shall
be so issuable shall be duly and validly issued,  fully paid and  nonassessable,
and free from all taxes, liens and charges with respect to the issue thereof.

         The Registered Holder shall pay all documentary, stamp or similar taxes
and other  government  charges that may be imposed with respect to the issuance,
transfer or delivery of any Warrant  Shares on exercise of the Warrants.  In the
event the Warrant  Shares are to be  delivered  in a name other than the name of
the Registered Holder of the Warrant Certificate, no such delivery shall be made
unless the person  requesting  the same has paid the amount of any such taxes or
charges incident thereto.

         5.   Registration  of  Transfer.   The  Warrant   Certificates  may  be
transferred  in whole or in part,  provided any such transfer  complies with all
applicable  federal and state  securities laws and, if requested by the Company,
the  Registered  Holder  delivers  to the  Company an opinion of counsel to that
effect,  in form

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and substance reasonably  acceptable to the Company.  Warrant Certificates to be
transferred  shall be  surrendered to the Company at its principal  office.  The
Company  shall  execute,  issue and  deliver in  exchange  therefor  the Warrant
Certificate  or  Certificates  which the  Registered  Holder making the transfer
shall be entitled to receive.

         The Company shall keep transfer books at its principal office or at the
office of its warrant agent which shall register  Warrant  Certificates  and the
transfer thereof. On due presentment of any Warrant Certificate for registration
of transfer at such office, the Company shall execute,  issue and deliver to the
transferee or transferees a new Warrant Certificate or Certificates representing
an equal aggregate number of Warrants.  All Warrant  Certificates  presented for
registration of transfer or exercise shall be duly endorsed or be accompanied by
a written  instrument or  instruments  of transfer in form  satisfactory  to the
Company. The Company may require payment of a sum sufficient to cover any tax or
other government charge that may be imposed in connection therewith.

         All Warrant  Certificates so surrendered,  or surrendered for exercise,
or for exchange in case of  mutilated  Warrant  Certificates,  shall be promptly
cancelled  by the Company  and  thereafter  retained  by the  Company  until the
Expiration Date. Prior to due presentment for registration of transfer  thereof,
the Company may treat the  Registered  Holder of any Warrant  Certificate as the
absolute  owner thereof  (notwithstanding  any notations of ownership or writing
thereon made by anyone  other than the  Company),  and the Company  shall not be
affected by any notice to the contrary.

         6.  Loss  or  Mutilation.   On  receipt  by  the  Company  of  evidence
satisfactory  as to the  ownership  of  and  the  loss,  theft,  destruction  or
mutilation of this Warrant  Certificate,  the Company shall execute and deliver,
in lieu  thereof,  a new Warrant  Certificate  representing  an equal  aggregate
number of Warrants.  In the case of loss,  theft or  destruction  of any Warrant
Certificate,  the individual  requesting  issuance of a new Warrant  Certificate
shall be required to  indemnify  the  Company in an amount  satisfactory  to the
Company. In the event a Warrant Certificate is mutilated, such Certificate shall
be  surrendered  and cancelled by the Company prior to delivery of a new Warrant
Certificate.  Applicants  for a new Warrant  Certificate  shall also comply with
such other regulations and pay such other reasonable  charges as the Company may
prescribe.

         7. Redemption. The Company has no right to redeem the Warrants.

         8.  Adjustment of Shares.  The number and kind of  securities  issuable
upon exercise of a Warrant shall be subject to adjustment from time to time upon
the happening of certain events, as follows:

                  (a)  Stock  Splits,   Stock  Combinations  and  Certain  Stock
         Dividends.  If the Company  shall at any time  subdivide or combine its
         outstanding Shares, or declare a dividend in Shares or other securities
         of the Company  convertible  into or exchangeable for Shares, a Warrant
         shall,  after such  subdivision or combination or after the record date
         for such dividend,  be exercisable  for that number of Shares and other
         securities of the Company that the  Registered  Holder would have owned
         immediately  after  such  event  with  respect  to the Shares and other
         securities  for which a Warrant  may have  been  exercised  immediately
         before such event had the Warrant  been  exercised  immediately  before
         such  event.  Any  adjustment  under  this  Section 8 (a) shall  become
         effective  at the  close  of  business  on the  date  the  subdivision,
         combination or dividend becomes effective.

                  (b) Adjustment for Reorganization,  Consolidation,  Merger. In
         case of any reorganization of the Company (or any other corporation the
         stock or other  securities  of which  are at the time  receivable  upon
         exercise  of a  Warrant)  or in case the  Company  (or any  such  other

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<PAGE>

         corporation)  shall  merge  into or with or  consolidate  with  another
         corporation or convey all or substantially all of its assets to another
         corporation  or  enter  into a  business  combination  of any form as a
         result of which the Shares or other securities receivable upon exercise
         of a Warrant are  converted  into other stock or securities of the same
         or  another  corporation,  then and in each such case,  the  Registered
         Holder of a Warrant,  upon  exercise of the purchase  right at any time
         after the consummation of such reorganization,  consolidation,  merger,
         conveyance or combination, shall be entitled to receive, in lieu of the
         Shares or other  securities to which such Registered  Holder would have
         been entitled had he exercised  the purchase  right  immediately  prior
         thereto,  such stock and securities which such Registered  Holder would
         have owned  immediately after such event with respect to the Shares and
         other   securities   for  which  a  Warrant  may  have  been  exercised
         immediately   before  such  event  had  the  Warrant   been   exercised
         immediately prior to such event.

         In  each  case of an  adjustment  in the  Shares  or  other  securities
receivable upon the exercise of a Warrant, the Company shall promptly notify the
Registered Holder of such adjustment. Such notice shall set forth the facts upon
which such adjustment is based.

         9. Reduction in Exercise Price at Company's Option. The Company's Board
of  Directors  may, at its sole  discretion,  reduce the  Exercise  Price of the
Warrants  in  effect  at any time  either  for the life of the  Warrants  or any
shorter  period of time  determined  by the Company's  Board of  Directors.  The
Company shall promptly  notify the  Registered  Holders of any such reduction in
the Exercise Price.

         10. Notices.  All notices,  demands,  elections,  or requests  (however
characterized  or described)  required or authorized  hereunder  shall be deemed
given  sufficiently  if in writing and sent by  registered  or  certified  mail,
return receipt requested and postage prepaid, or by facsimile or telegram to the
Company, at its principal executive office, and of the Registered Holder, at the
address of such holder as set forth on the books maintained by the Company.

         11. General Provisions. This Warrant Certificate shall be construed and
enforced in accordance with, and governed by, the laws of the State of Delaware.
Except  as  otherwise  expressly  stated  herein,  time  is of  the  essence  in
performing  hereunder.   The  headings  of  this  Warrant  Certificate  are  for
convenience  in  reference  only and  shall not limit or  otherwise  affect  the
meaning hereof.

         IN WITNESS WHEREOF,  the Company has caused this Warrant Certificate to
be duly executed as of the ____ day of ________, 2000.

ONE WORLD ONLINE.COM, INC.

By _________________________________        By _________________________________
     Secretary                                  President

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<PAGE>

                           ONE WORLD ONLINE.COM, INC.

         The following  abbreviations,  when used in the inscription on the face
of this  instrument,  shall be construed as though they were written out in full
according to applicable laws or regulations:

         TEN COM - as tenants in common
         TEN ENT - as tenants by the entireties
         JR TEN - as joint tenants with right of survivorship and not as tenants
         in common UNIF TRANS MIN ACT - ____________ (Custodian for Minor) as
         custodian for __________ (name of minor) under the Uniform Transfers to
         Minors Act

Additional abbreviations may also be used though not in the above list.

<PAGE>

                               FORM OF ASSIGNMENT

              (To be Executed by the Registered Holder if He or She
                   Desires to Assign Warrants Evidenced by the
                           Within Warrant Certificate)

         FOR VALUE RECEIVED  ___________________________  hereby sells,  assigns
and transfers unto _____________________________ _____________________ (_______)
Warrants,   evidenced  by  the  within  Warrant  Certificate,  and  does  hereby
irrevocably  constitute  and  appoint  _____________________  __________________
Attorney  to  transfer  the  said  Warrants  evidenced  by  the  within  Warrant
Certificates on the books of the Company, with full power of substitution.

Dated:____________________                         _____________________________
                                                              Signature

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

Signature Guaranteed:  __________________________________________

SIGNATURE  MUST BE GUARANTEED BY A COMMERCIAL  BANK OR MEMBER FIRM OF ONE OF THE
FOLLOWING  STOCK  EXCHANGES:  NEW  YORK  STOCK  EXCHANGE,  PACIFIC  COAST  STOCK
EXCHANGE, AMERICAN STOCK EXCHANGE, OR MIDWEST STOCK EXCHANGE.

<PAGE>

                          FORM OF ELECTION TO PURCHASE

             (To be Executed by the Holder if he Desires to Exercise
                  Warrants Evidenced by the Warrant Certificate)

To One World Online.Com, Inc.

         The    undersigned    hereby    irrevocably    elects    to    exercise
___________________________  (______) Warrants,  evidenced by the within Warrant
Certificate  for,  and to  purchase  thereunder,  _____________  _______________
(______) full shares of Common Stock issuable upon exercise of said Warrants and
delivery of $_________ and any applicable taxes.

         The undersigned requests that certificates for such shares be issued in
the name of:

PLEASE INSERT SOCIAL SECURITY OR

TAX IDENTIFICATION NUMBER

=====================================
(Please print name and address)

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

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

         If said number of Warrants  shall not be all the Warrants  evidenced by
the within  Warrant  Certificate,  the  undersigned  requests that a new Warrant
Certificate  evidencing  the  Warrants not so exercised by issued in the name of
and delivered to:

--------------------------------------------------------------------------------
                         (Please print name and address)

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

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

                     (SIGNATURES CONTINUED ON FOLLOWING PAGE)

<PAGE>

Dated: _____________________________
Signature:__________________________

NOTICE:  The above  signature must  correspond with the name as written upon the
         face of the within  Warrant  Certificate in every  particular,  without
         alteration or enlargement or any change whatsoever, or if signed by any
         other person the Form of Assignment hereon must be duly executed and if
         the  certificate  representing  the shares or any  Warrant  Certificate
         representing Warrants not exercised is to be registered in a name other
         than that in which the within Warrant  Certificate  is registered,  the
         signature of the holder hereof must be guaranteed.

Signature Guaranteed:  ___________________________________________

SIGNATURE  MUST BE GUARANTEED BY A COMMERCIAL  BANK OR MEMBER FIRM OF ONE OF THE
FOLLOWING  STOCK  EXCHANGES:  NEW  YORK  STOCK  EXCHANGE,  PACIFIC  COAST  STOCK
EXCHANGE, AMERICAN STOCK EXCHANGE, OR MIDWEST STOCK EXCHANGE.

<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}]]