Document:

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THIS WARRANT AND THE SHARES OF CAPITAL STOCK ISSUED UPON ANY EXERCISE HEREOF
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD
OR OTHERWISE TRANSFERRED BY ANY PERSON, INCLUDING A PLEDGEE, UNLESS (1) EITHER
(A) A REGISTRATION WITH RESPECT TO THERETO SHALL BE EFFECTIVE UNDER THE
SECURITIES ACT, OR (B) THE COMPANY SHALL HAVE RECEIVED AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT AN EXEMPTION FROM REGISTRATION UNDER THE
SECURITIES ACT IS AVAILABLE, AND (2) THERE SHALL HAVE BEEN COMPLIANCE WITH ALL
APPLICABLE STATE SECURITIES OR "BLUE SKY" LAWS.

No. W2/04-                                                      For the Purchase
                                                             of _________ shares
                                                                 of Common Stock

                            WARRANT TO PURCHASE STOCK

                                       OF

                                  CONNECTIVCORP

                            (A DELAWARE CORPORATION)

         CONNECTIVCORP, a Delaware corporation (the "COMPANY"), for value
received, hereby certifies that __________ (the "HOLDER"), is entitled, subject
to the terms set forth below, to purchase from the Company, at any time or from
time to time at or before the earlier of 5:00 p.m. New York City time on
February 24, 2007 (the "EXPIRATION DATE") and the termination of this Warrant as
provided in Section 8 hereof, _________ shares of Common Stock, par value $0.001
per share, of the Company (the "COMMON STOCK"), at a purchase price per share
equal to one dollar($1.00) per share (the "BASE PRICE"), as adjusted upon the
occurrence of certain events as set forth in Section 3 of this Warrant. The
shares of stock issuable upon exercise of this Warrant, and the purchase price
per share, are hereinafter referred to as the "Warrant Stock" and the "Purchase
Price," respectively.

         1. Exercise.

                  1.1 Manner of Exercise; Payment in Cash. This Warrant may be
         exercised by the Holder, in whole or in part, by surrendering this
         Warrant, with the purchase form appended hereto as Exhibit A duly
         executed by the Holder, at the principal office of the Company, or at
         such other place as the Company may designate, accompanied by payment
         in full of the Purchase Price payable in respect of the number of
         shares of Warrant Stock purchased upon such exercise; provided, that,
         the Holder may not exercise any part of this Warrant unless and until
         the Company has filed an amendment to the Company's Certificate of
         Incorporation increasing the amount of its authorized shares of Common
         Stock to allow for the exercise of this Warrant and such amendment has
         been effectively filed (the "Filing Date"). Payment of the Purchase
         Price shall be in cash or by certified or official bank check payable
         to the order of the Company.

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                  1.2 Effectiveness. Each exercise of this Warrant shall be
         deemed to have been effected immediately prior to the close of business
         on the day on which this Warrant shall have been surrendered to the
         Company as provided in Section 1.1 above. At such time, the person or
         persons in whose name or names any certificates for Warrant Stock shall
         be issuable upon such exercise as provided in Section 1.3 below shall
         be deemed to have become the holder or holders of record of the Warrant
         Stock represented by such certificates.

                  1.3. Delivery of Certificates. As soon as practicable after
         the exercise of this Warrant in full or in part, and in any event
         within ten (10) business days thereafter, the Company at its sole
         expense will cause to be issued in the name of, and delivered to, the
         Holder, or, subject to the terms and conditions hereof, as such Holder
         (upon payment by such Holder of any applicable transfer taxes) may
         direct:

                           (a) A certificate or certificates for the number of
                  full shares of Warrant Stock to which such Holder shall be
                  entitled upon such exercise plus, in lieu of any fractional
                  share to which such Holder would otherwise be entitled, cash
                  in an amount determined pursuant to Section 2 hereof, and

                           (b) In case such exercise is in part only, a new
                  warrant or warrants (dated the date hereof) of like tenor,
                  calling in the aggregate on the face or faces thereof for the
                  number of shares of Warrant Stock (without giving effect to
                  any adjustment therein) equal to the number of such shares
                  called for on the face of this Warrant minus the number of
                  such shares purchased by the Holder upon such exercise as
                  provided in Section 1.1 above.

                  1.4      Right to Convert Warrant into Stock: Net Issuance.

                  (a) Right to Convert. Subject to Section 8, in addition to and
         without limiting the rights of the holder under the terms of this
         Warrant, the holder shall have the right to convert this Warrant or any
         portion thereof (the "Conversion Right") into shares of Common Stock as
         provided in this Section 1.4 at any time or from time to time during
         the term of this Warrant. Notwithstanding anything contained in this
         Warrant to the contrary, only in the event a registration statement
         under the Securities Act providing for the resale of the Warrant Stock
         is not then in effect, in lieu of exercising this Warrant by payment of
         cash, the holder may exercise this Warrant by a cashless exercise in
         accordance with the provisions of this Section 1.4. Upon exercise of
         the Conversion Right with respect to a particular number of shares
         subject to this Warrant (the "Converted Warrant Shares"), the Company
         shall deliver to the holder (without payment by the holder of any
         Purchase Price or any cash or other consideration) that number of
         shares of fully paid and nonassessable Common Stock equal to the
         quotient obtained by dividing (X) the value of this Warrant (or the
         specified portion hereof) on the Conversion Date (as defined in
         subsection (b) hereof), which value shall be determined by subtracting
         (A) the aggregate Purchase Price of the Converted Warrant Shares
         immediately prior to the exercise of the Conversion Right from (B) the
         aggregate fair market value of the Converted Warrant Shares issuable
         upon exercise of this Warrant (or the specified

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         portion hereof) on the Conversion Date (as herein defined) by (Y) the
         fair market value of one share of Common Stock on the Conversion Date
         (as herein defined).

         Expressed as a formula, such conversion shall be computed as follows:

         X     =     B-A
                     ---
                     Y

         where:            X = the number of shares of Common Stock that may be
                               issued to holder

                   Y = the fair market value (FMV) of one share of Common Stock

                   A = the aggregate Warrant Price (Converted Warrant Shares x
                       Purchase Price)

                   B = the aggregate FMV (i.e., FMV x Converted Warrant Shares)

         No fractional shares shall be issuable upon exercise of the Conversion
         Right, and, if the number of shares to be issued determined in
         accordance with the foregoing formula is other than a whole number, the
         Company shall pay to the holder an amount in cash equal to the fair
         market value of the resulting fractional share of the Conversation Date
         (as herein defined).

                  (b) Method of Exercise. The Conversion Right may be exercised
         by the holder by the surrender of this Warrant at the principal office
         of the Company together with the Subscription Form in the form attached
         hereto duly completed and executed and indicating the number of shares
         subject to this Warrant which are being surrendered (referred to in
         Section 1.4(a) hereof as the Converted Warrant Shares) in exercise of
         the Conversion Right. Such conversion shall be effective upon receipt
         by the Company of this Warrant together with the aforesaid written
         statement, or on such later date as is specified therein (the
         "Conversion Date"), and, at the election of the holder hereof, may be
         made contingent upon the occurrence of any of the events specified in
         Section 8. Certificates for the shares issuable upon exercise of the
         Conversion Right and, if applicable, a new Warrant evidencing the
         balance of the shares remaining subject to this Warrant, shall be
         issued as of the Conversion Date and shall be delivered to the holder
         within thirty (30) days following the Conversion Date.

                  (c) Determination of Fair Market Value.  For purposes of this
         Section 1.4(c), "fair market value" of a share of Common Stock as of a
         particular date (the "Determination Date") shall mean:

                  (i) If the Conversion Right is exercised in connection with
         and contingent upon a public offering, and if the Company's
         Registration Statement relating to such public offering ("Registration
         Statement") has been declared effective by the SEC, then the initial
         "Price to Public" specified in the final prospectus with respect to
         such offering.

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                  (ii) If the Conversion Right is not exercised in connection
         with and contingent upon a public offering, then as follows:

                  (1)      If traded on a securities exchange, the fair market
                           value of the Common Stock shall be deemed to be the
                           average of the closing prices of the Common Stock on
                           such exchange over the five-day period ending one
                           business day prior to the Determination Date or, if
                           less, such number of days as the Common Stock has
                           been traded on such exchange;

                  (2)      If traded over-the-counter, the fair market value of
                           the Common Stock shall be deemed to be the average of
                           the closing bid prices of the Common Stock over the
                           five-day period ending one business day prior to the
                           Determination Date or, if less, such number of days
                           as the Common Stock has been traded over-the-counter;
                           and

                  (3)      If there is no public market for the Common Stock,
                           then fair market value shall be determined in good
                           faith by the Board of Directors of the Company.

         2. Fractional Shares. The Company shall not be required upon the
exercise of this Warrant to issue any fractional shares, but shall make an
adjustment therefor in cash on the basis of the fair market value of the Warrant
Stock reasonably determined by the Board of Directors of the Company.

         3. Certain Adjustments.

                  3.1 Changes in Common Stock. If the Company shall (i) combine
         the outstanding shares of Common Stock into a lesser number of shares,
         (ii) subdivide the outstanding shares of Common Stock into a greater
         number of shares, or (iii) issue additional shares of Common Stock as a
         dividend or other distribution with respect to the Common Stock, the
         number of shares of Warrant Stock shall be equal to the number of
         shares which the Holder would have been entitled to receive after the
         happening of any of the events described above if such shares had been
         issued immediately prior to the happening of such event, such
         adjustment to become effective concurrently with the effectiveness of
         such event. The Purchase Price in effect immediately prior to any such
         combination of Common Stock shall, upon the effectiveness of such
         combination, be proportionately increased. The Purchase Price in effect
         immediately prior to any such subdivision of Common Stock or at the
         record date of such dividend shall upon the effectiveness of such
         subdivision or immediately after the record date of such dividend be
         proportionately reduced.

                  3.2 Reorganizations and Reclassifications. If there shall
         occur any capital reorganization or reclassification of the Common
         Stock (other than a change in par value or a subdivision or combination
         as provided for in Section 3.1), then, as part of any such
         reorganization or reclassification, lawful provision shall be made so
         that the Holder shall have the right thereafter to receive upon the
         exercise hereof the kind and amount of shares of

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         stock or other securities or property which such Holder would have been
         entitled to receive if, immediately prior to any such reorganization or
         reclassification, such Holder had held the number of shares of Common
         Stock which were then purchasable upon the exercise of this Warrant. In
         any such case, appropriate adjustment (as reasonably determined by the
         Board of Directors of the Company) shall be made in the application of
         the provisions set forth herein with respect to the rights and
         interests thereafter of the Holder such that the provisions set forth
         in this Section 3 (including provisions with respect to adjustment of
         the Purchase Price) shall thereafter be applicable, as nearly as is
         reasonably practicable, in relation to any shares of stock or other
         securities or property thereafter deliverable upon the exercise of this
         Warrant.

                  3.3 Merger, Consolidation or Sale of Assets. Subject to the
         provisions of Section 8, if there shall be a merger or consolidation of
         the Company with or into another corporation (other than a merger or
         reorganization involving only a change in the state of incorporation of
         the Company or the acquisition by the Company of other businesses where
         the Company survives as a going concern), or the sale of all or
         substantially all of the Company's capital stock or assets to any other
         person, then as a part of such transaction, provision shall be made so
         that the Holder shall thereafter be entitled to receive the number of
         shares of stock or other securities or property of the Company, or of
         the successor corporation resulting from the merger, consolidation or
         sale, to which the Holder would have been entitled if the Holder had
         exercised its rights pursuant to the Warrant immediately prior thereto.
         In any such case, appropriate adjustment shall be made in the
         application of the provisions of this Section 3 to the end that the
         provisions of this Section 3 shall be applicable after that event in as
         nearly equivalent a manner as may be practicable.

                  3.4 Certificate of Adjustment. When any adjustment is required
         to be made in the Purchase Price, the Company shall promptly mail to
         the Holder a certificate setting forth the Purchase Price after such
         adjustment and setting forth a brief statement of the facts requiring
         such adjustment. Delivery of such certificate shall be deemed to be a
         final and binding determination with respect to such adjustment unless
         challenged by the Holder within ten (10) days of receipt thereof. Such
         certificate shall also set forth the kind and amount of stock or other
         securities or property into which this Warrant shall be exercisable
         following the occurrence of any of the events specified in this Section
         3.

                                      -5-
<PAGE>

         4. Compliance with Securities Act.

                  4.1 Unregistered Securities. The Holder acknowledges that this
         Warrant and the Warrant Stock have not been registered under the
         Securities Act of 1933, as amended, and the rules and regulations
         thereunder, or any successor legislation (the "SECURITIES ACT"), and
         agrees not to sell, pledge, distribute, offer for sale, transfer or
         otherwise dispose of this Warrant or any Warrant Stock in the absence
         of (i) an effective registration statement under the Securities Act
         covering this Warrant or such Warrant Stock and registration or
         qualification of this Warrant or such Warrant Stock under any
         applicable "blue sky" or state securities law then in effect, or (ii)
         an opinion of counsel, satisfactory to the Company, that such
         registration and qualification are not required. The Company may delay
         issuance of the Warrant Stock until completion of any action or
         obtaining of any consent, which the Company deems necessary under any
         applicable law (including without limitation state securities or "blue
         sky" laws).

                  4.2 Investment Letter. Without limiting the generality of
         Section 4.1, unless the offer and sale of any shares of Warrant Stock
         shall have been effectively registered under the Securities Act, the
         Company shall be under no obligation to issue the Warrant Stock unless
         and until the Holder shall have executed an investment letter in form
         and substance satisfactory to the Company, including a warranty at the
         time of such exercise that the Holder is acquiring such shares for its
         own account, for investment and not with a view to, or for sale in
         connection with, the distribution of any such shares.

                  4.3 Legend. Certificates delivered to the Holder pursuant to
         Section 1.3 shall bear the following legend or a legend in
         substantially similar form:

                  "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN TAKEN
                  FOR INVESTMENT AND THEY MAY NOT BE SOLD OR OTHERWISE
                  TRANSFERRED BY ANY PERSON, INCLUDING A PLEDGEE, IN THE ABSENCE
                  OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SHARES UNDER
                  THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF
                  COUNSEL, SATISFACTORY TO THE COMPANY, THAT AN EXEMPTION FROM
                  REGISTRATION IS THEN AVAILABLE."

         5. Reservation of Stock. From and after the Filing Date, the Company
will at all times thereafter reserve and keep available, solely for issuance and
delivery upon the exercise of this Warrant, such shares of Warrant Stock and
other stock, securities and property, as from time to time shall be issuable
upon the exercise of this Warrant. The Company covenants that all shares of
Warrant Stock so issuable will, when issued, be duly and validly issued and
fully paid and nonassessable.

         6. Call. Notwithstanding anything herein to the contrary, the Company,
at its option, may call up to one hundred percent (100%) of this Warrant by
providing the Holder of this Warrant written notice pursuant to Section 11 (the
"Call Notice") if at any time following the date hereof, the closing price or
last reported sale (the "Closing Price") of the Common Stock on the stock
exchange or quotation system on which the Common Stock is then traded or quoted
is

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equal to or greater than $2.50 per share for a 60 consecutive calendar day
period, provided that during such 60 consecutive calendar day period, the
average daily trading volume for each day is equal to or greater than 75,000
shares (the "Market Condition"), and provided further that the call option
pursuant to this Section 6 shall be conditioned upon there being in effect, on
the date of satisfaction of the Market Condition or at any time thereafter, a
valid registration statement on Form S-1 or Form S-3 promulgated under the
Securities Act or any successor or equivalent forms thereto (the "Registration
Statement") covering the resale of the Warrant Stock (it being understood that
this Warrant will be subject to the call option pursuant to this Section 6 on
the date that the Registration Statement becomes effective if the Market
Condition has been previously satisfied, whether or not the Market Condition is
satisfied on such date, so long as the Closing Price on such date is equal to or
greater than $1.00). The rights and privileges granted pursuant to this Warrant
with respect to the shares of Warrant Stock subject to the Call Notice (the
"Called Warrant Shares") shall expire on the Early Termination Date if this
Warrant is not exercised with respect to such Called Warrant Shares prior to
such Early Termination Date. In the event this Warrant is not exercised with
respect to the Called Warrant Shares, the Company shall remit to the Holder of
this Warrant (i) $.001 per Called Warrant Share and (ii) a new Warrant
representing the number of shares of Warrant Stock, if any, which shall not have
been subject to the Call Notice upon the Holder tendering to the Company the
applicable Warrant certificate.

         7. Replacement of Warrants. Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant and (in the case of loss, theft or destruction) upon delivery of an
indemnity agreement (with surety if reasonably required) in an amount reasonably
satisfactory to the Company, or (in the case of mutilation) upon surrender and
cancellation of this Warrant, the Company will issue, in lieu thereof, a new
Warrant of like tenor.

         8. Termination Upon Certain Events. If there shall be a merger or
consolidation of the Company with or into another corporation (other than a
merger or reorganization involving only a change in the state of incorporation
of the Company or the acquisition by the Company of other businesses where the
Company survives as a going concern), or the sale of all or substantially all of
the Company's capital stock or assets to any other person, or the liquidation or
dissolution of the Company, then as a part of such transaction, at the Company's
option, either:

                  (a) provision shall be made so that the Holder shall
         thereafter be entitled to receive the number of shares of stock or
         other securities or property of the Company, or of the successor
         corporation resulting from the merger, consolidation or sale, to which
         the Holder would have been entitled if the Holder had exercised its
         rights pursuant to the Warrant immediately prior thereto (and, in such
         case, appropriate adjustment shall be made in the application of the
         provisions of this Section 8(a) to the end that the provisions of this
         Section 3 shall be applicable after that event in as nearly equivalent
         a manner as may be practicable); or

                  (b) this Warrant shall terminate on the effective date of such
         merger, consolidation or sale (the "TERMINATION DATE") and become null
         and void, provided that if this Warrant shall not have otherwise
         terminated or expired, (1) the Company shall have given the Holder
         written notice of such Termination Date at least ten (10) business days

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         prior to the occurrence thereof and (2) the Holder shall have the right
         until 5:00 p.m., Eastern Standard Time, on the day immediately prior to
         the Termination Date to exercise its rights hereunder to the extent not
         previously exercised.

         9. Transferability. Without the prior written consent of the Company,
the Warrant shall not be assigned, pledged or hypothecated in any way (whether
by operation of law or otherwise) and shall not be subject to execution,
attachment or similar process. Any attempted transfer, assignment, pledge,
hypothecation or other disposition of the Warrant or of any rights granted
hereunder contrary to the provisions of this Section 9, or the levy of any
attachment or similar process upon the Warrant or such rights, shall be null and
void.

         10. No Rights as Stockholder. Until the exercise of this Warrant, the
Holder shall not have or exercise any rights by virtue hereof as a stockholder
of the Company.

         11. Notices. All notices, requests and other communications hereunder
shall be in writing, shall be either (i) delivered by hand, (ii) made by telex,
telecopy or facsimile transmission, (iii) sent by overnight courier, or (iv)
sent by registered mail, postage prepaid, return receipt requested. In the case
of notices from the Company to the Holder, they shall be sent to the address
furnished to the Company in writing by the last Holder who shall have furnished
an address to the Company in writing. All notices from the Holder to the Company
shall be delivered to the Company at its offices at 160 Raritan Center Parkway,
Edison, New Jersey 08837 or such other address as the Company shall so notify
the Holder. All notices, requests and other communications hereunder shall be
deemed to have been given (i) by hand, at the time of the delivery thereof to
the receiving party at the address of such party described above, (ii) if made
by telex, telecopy or facsimile transmission, at the time that receipt thereof
has been acknowledged by electronic confirmation or otherwise, (iii) if sent by
overnight courier, on the next business day following the day such notices is
delivered to the courier service, or (iv) if sent by registered mail, on the
fifth business day following the day such mailing is made.

         12. Waivers and Modifications. Any term or provision of this Warrant
may be waived only by written document executed by the party entitled to the
benefits of such terms or provisions. The terms and provisions of this Warrant
may be modified or amended only by written agreement executed by the parties
hereto.

         13. Headings. The headings in this Warrant are for convenience of
reference only and shall in no way modify or affect the meaning or construction
of any of the terms or provisions of this Warrant.

                                      -8-
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         14. Governing Law. This Warrant will be governed by and construed in
accordance with and governed by the laws of the State of Delaware, without
giving effect to the conflict of law principles thereof.

                                          CONNECTIVCORP

                                          By:
                                             ------------------------
                                             Name:  Jesse Sutton
                                             Title: President

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<PAGE>

                                    EXHIBIT A

                                  PURCHASE FORM

To:      CONNECTIVCORP

         The undersigned pursuant to the provisions set forth in the attached
Warrant (No. W-____), hereby irrevocably elects to (check one):

         _____             (A) purchase ___ shares of the Common Stock, par
                           value $0.001 per share, of CONNECTIVCORP (the "COMMON
                           STOCK"), covered by such Warrant and herewith makes
                           payment of $_____, representing the full purchase
                           price for such shares at the price per share provided
                           for in such Warrant; or

         _____             (B) convert ___  Converted Warrant Shares into that
                           number of shares of fully paid and nonassessable
                           shares of Common Stock, determined pursuant to the
                           provisions of Section 1.4 of the Warrant.

  The Common Stock for which the Warrant may be exercised or converted shall be
known herein as the "Warrant Stock".

         The undersigned is aware that the Warrant Stock has not been and will
not be registered under the Securities Act of 1933, as amended (the "SECURITIES
ACT") or any state securities laws. The undersigned understands that reliance by
the Company on exemptions under the Securities Act is predicated in part upon
the truth and accuracy of the statements of the undersigned in this Purchase
Form.

         The undersigned represents and warrants that (1) it has been furnished
with all information which it deems necessary to evaluate the merits and risks
of the purchase of the Warrant Stock, (2) it has had the opportunity to ask
questions concerning the Warrant Stock and the Company and all questions posed
have been answered to its satisfaction, (3) it has been given the opportunity to
obtain any additional information it deems necessary to verify the accuracy of
any information obtained concerning the Warrant Stock and the Company and (4) it
has such knowledge and experience in financial and business matters that it is
able to evaluate the merits and risks of purchasing the Warrant Stock and to
make an informed investment decision relating thereto.

         The undersigned hereby represents and warrant that it is purchasing the
Warrant Stock for its own account for investment and not with a view to the sale
or distribution of all or any part of the Warrant Stock.

         The undersigned understands that because the Warrant Stock has not been
registered under the Securities Act, it must continue to bear the economic risk
of the investment for an indefinite period of time and the Warrant Stock cannot
be sold unless it is subsequently

<PAGE>

registered under applicable federal and state securities laws or an exemption
from such registration is available.

         The undersigned agrees that it will in no event sell or distribute or
otherwise dispose of all or any part of the Warrant Stock unless (1) there is an
effective registration statement under the Securities Act and applicable state
securities laws covering any such transaction involving the Warrant Stock, or
(2) the Company receives an opinion satisfactory to the Company of the
undersigned's legal counsel stating that such transaction is exempt from
registration. The undersigned consents to the placing of a legend on its
certificate for the Warrant Stock stating that the Warrant Stock has not been
registered and setting forth the restriction on transfer contemplated hereby and
to the placing of a stop transfer order on the books of the Company and with any
transfer agents against the Warrant Stock until the Warrant Stock may be legally
resold or distributed without restriction.

         The undersigned has considered the federal and state income tax
implications of the exercise of the Warrant and the purchase and subsequent sale
of the Warrant Stock.

                                                 Dated:
                                                       -------------------------

NYC281441v4

                                       2<PAGE>

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS
AMENDED, OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED, OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
RELATED THERETO OR AN OPINION OF COUNSEL (WHICH MAY BE COMPANY COUNSEL)
REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES
LAWS.

                                     WARRANT

                              TO PURCHASE UNITS OF

                                  CONNECTIVCORP

              DATED AS OF FEBRUARY ___, 2004 (THE "EFFECTIVE DATE")

         WHEREAS, pursuant to that certain letter agreement, dated as of
February 12, 2004 (the "PLACEMENT AGREEMENT"), between _____________, a
_______________ (the "WARRANTHOLDER"), and ConnectivCorp, a Delaware corporation
(the "COMPANY"), the Company has engaged the Warrantholder as the Company's lead
placement agent to assist the Company with a proposed private placement of a
minimum of $10,000,000 and a maximum of $25,000,000 of Units (as defined below)
at a price per Unit equal to $10,000.00 (the "OFFERING"); and

         WHEREAS, the Company desires to grant to the Warrantholder, in
consideration for its services as placement agent, the right to purchase
________ Units pursuant to the terms of the Placement Agreement.

         NOW, THEREFORE, the Company, for value received, hereby certifies and
agrees as follows:

1.       GRANT OF THE RIGHT TO PURCHASE UNITS.

         The Company hereby grants to the Warrantholder, and the Warrantholder
is entitled, upon the terms and subject to the conditions hereinafter set forth,
to purchase, from the Company, up to __________ (_____) Units at a purchase
price of Ten Thousand Dollars ($10,000) per Unit (the "EXERCISE PRICE"), subject
to Section 9. A "Unit" shall consist of (i) one share of 7% Convertible
Preferred Stock of the Company (the "PREFERRED STOCK") and (ii) a Warrant (the
"WARRANT") to purchase, at an exercise price of $1.00 per share, ten thousand
(10,000) shares of Common Stock, $0.001 par value per share, of the Company (the
"COMMON STOCK"), the form of which is attached hereto as EXHIBIT A and
incorporated herein by reference. The number and Exercise Price of such Units
are subject to adjustment as provided in Section 6 hereof.

<PAGE>

2.       TERM OF THE WARRANT.

         Except as otherwise provided for herein, the term of this Warrant and
the right to purchase Units as granted herein shall commence on the Effective
Date and shall be exercisable for a period ending on the fifth (5th) anniversary
of the Effective Date.

3.       EXERCISE OF THE PURCHASE RIGHTS.

         (a) EXERCISE GENERALLY. The purchase rights set forth in this Warrant
are exercisable by the Warrantholder, in whole or in part, at any time, or from
time to time, prior to the expiration of the term set forth in Section 2 above,
by tendering to the Company at its principal office a notice of exercise in the
form attached hereto as EXHIBIT B (the "NOTICE OF EXERCISE"), duly completed and
executed. Promptly upon receipt of the Notice of Exercise and the payment of the
purchase price in accordance with the terms set forth below, and in no event
later than thirty (30) days thereafter, the Company shall issue to the
Warrantholder the number of shares of Preferred Stock and Warrants as such
Warrantholder shall be entitled to receive upon exercise of this Warrant and
shall execute the acknowledgment of exercise in the form attached hereto as
EXHIBIT C (the "ACKNOWLEDGMENT OF EXERCISE") indicating the number of Units
which remain subject to future purchases, if any.

         (b) EXERCISE PRICE. The Exercise Price for this Warrant may be paid at
the Warrantholder's election either (i) by cash or check, or (ii) by surrender
of Preferred Stock ("NET ISSUANCE") as determined below. If the Warrantholder
elects the Net Issuance method, the Company will issue Preferred Stock in
accordance with the following formula:

         X    =    Y(A-B)
                   ------
                     A

         where:    X = the number of shares of Preferred Stock that may be
                       issued to the Warrantholder.

                   Y = the number of shares of Preferred Stock requested to be
                       exercised under this Warrant.

                   A = the fair market value of one (1) share of Preferred Stock
                       at the time the Net Issuance election is made.

                   B = the Exercise Price.

         For purposes of the above calculation, the current fair market value of
the Preferred Stock shall mean with respect to each share of Preferred Stock:

         (i)      if the Common Stock is traded on a securities exchange, the
                  fair market value shall be deemed to be the product of (x) the
                  average of the closing prices over a five (5) day period
                  ending three days before the day the current fair market value
                  of the securities is being determined and (y) the number of
                  shares of Common Stock into which each share of Preferred
                  Stock is convertible at the time of such exercise;

                                      -2-
<PAGE>

         (ii)     if the Common Stock is traded over-the-counter, the fair
                  market value shall be deemed to be the product of (x) the
                  average of the closing bid prices quoted on the NASDAQ system
                  (or similar system) over the five (5) day period ending one
                  business day prior to the day the current fair market value of
                  the securities is being determined and (y) the number of
                  shares of Common Stock into which each share of Preferred
                  Stock is convertible at the time of such exercise; and

         (iii)    if there is no public market for the Common Stock, then fair
                  market value of the Preferred Stock shall be determined in
                  good faith by the Board of Directors of the Company.

         Upon partial exercise by either cash or check or the Net Issuance
method, the Company shall promptly issue an amended Warrant representing the
remaining number of Units purchasable hereunder. All other terms and conditions
of such amended Warrant shall be identical to those contained herein, including,
but not limited to the Effective Date hereof.

         (c) FRACTIONAL SHARES. The Company shall, upon the exercise of this
Warrant, issue fractional shares of Preferred Stock, as necessary and
applicable.

4.       INCREASE OF AUTHORIZED COMMON STOCK.

         The Company shall take all necessary actions to amend its Certificate
of Incorporation to increase the number of authorized shares of Common Stock in
accordance with the description contained in the Confidential Private Placement
Memorandum dated February 12, 2004.

5.       NO RIGHTS AS STOCKHOLDER.

         This Warrant does not entitle the Warrantholder to any voting rights or
other rights as a stockholder of the Company prior to the exercise of the
Warrant.

6.       ADJUSTMENT RIGHTS.

         The adjustment rights applicable to the Units underlying this Warrant
shall be as follows:

         (a) The adjustment rights applicable to the Preferred Stock purchasable
hereunder are as set forth in the Certificate of Designations. The Company shall
promptly provide the Warrantholder with any restatement, amendment, modification
or waiver of the Certificate of Designations or the rights and privileges set
forth therein. The Preferred Stock purchasable hereunder shall have the benefit
of the same antidilution rights applicable to such Preferred Stock as designated
in the Certificate of Designations, and the Company shall provide Warrantholder
with all notices and information at the time and to the extent it is required to
do so to the holders of the Preferred Stock.

         (b) The adjustment rights applicable to the Warrants shall be as
provided in the form of Warrant attached hereto as EXHIBIT A, the provisions of
which are incorporated herein by reference.

                                      -3-
<PAGE>

7.        TRANSFERS.

         Without the prior written consent of the Company, neither this Warrant
nor any of the rights granted hereunder shall not be assigned, pledged or
hypothecated in any way (whether by operation of law or otherwise) and shall not
be subject to execution, attachment or similar process. Any attempted transfer,
assignment, pledge, hypothecation or other disposition of this Warrant or of any
rights granted hereunder contrary to the provisions of this Section 7, or the
levy of any attachment or similar process upon the Warrant or such rights, shall
be null and void. Notwithstanding the foregoing, and upon written notice to the
Company, (i) this Warrant may be transferred to any member or affiliate of the
Warrantholder and (ii) a portion of this Warrant to purchase up to 92 Units may
be transferred to Atlantis Equities LLC or its members or affiliates; provided
that, any such transferee agrees to be bound by the terms and provisions of this
Warrant.

8.       REGISTRATION RIGHTS.

         The Company shall, as soon as practicable, but not later than ninety
(90) days after the Effective Date (the "FILING DATE"), (i) use its best efforts
to file with the SEC a registration statement on Form S-1 (or on such other form
on which the Company is eligible) (the "REGISTRATION STATEMENT") with respect to
the resale of the Registrable Securities and use its best efforts to have such
Registration Statement declared effective by the SEC as soon thereafter as is
practical and (ii) cause such Registration Statement to remain effective until
the Warrantholder has completed the distribution described in the registration
statement relating thereto. For purposes of this Warrant, the term "REGISTRABLE
SECURITIES" shall mean (i) the shares of Common Stock issuable upon conversion
of the Preferred Stock in accordance with the conversion provisions contained in
the Certificate of Designations, and (ii) the shares of Common Stock issuable
upon the exercise of the Warrants; provided, however, that securities shall only
be treated as Registrable Securities if and only for so long as they (A) have
not been disposed of pursuant to a registration statement declared effective by
the SEC, and (B) have not been sold in a transaction exempt from the
registration and prospectus delivery requirements of the Securities Act of 1933,
as amended, so that all transfer restrictions and restrictive legends with
respect thereto are removed upon the consummation of such sale.

9.       WARRANT ADJUSTMENT FOR UNDERLYING SECURITIES.

         In the event that all or any portion of this Warrant has not been
exercised and (i) the Preferred Stock becomes subject to the automatic
conversion provisions of Section 6(b)(i) of the Certificate of Designations,
Preferences and Rights of the 7% Cumulative Convertible Preferred Stock and (ii)
the Warrant becomes subject to the call provisions of Section 6 of the Warrant,
then the Warrantholder hereby agrees that this Warrant shall become exercisable
into a number of shares of Common Stock equal to the sum of (a) the number of
shares of Common Stock into which the Preferred Stock converts and (b) the
number of shares of Common Stock into which the Warrant is exercisable. In
addition, the Exercise Price for this Warrant as defined in Section 1 shall be
adjusted such that the Warrantholder will have the right to purchase a share of
Common Stock at a purchase price per share as would have been in effect on such
date of conversion or exercise, as applicable, as if this Warrant had been
exercised in full; furthermore,

                                      -4-
<PAGE>

for purposes of a "cashless" exercise under Section 3(b), the words "Preferred
Stock" shall be replaced with the words "Common Stock."

10.      TERMINATION UPON CERTAIN EVENTS.

         If there shall be a merger or consolidation of the Company with or into
another corporation (other than a merger or reorganization involving only a
change in the state of incorporation of the Company or the acquisition by the
Company of other businesses where the Company survives as a going concern), or
the sale of all or substantially all of the Company's capital stock or assets to
any other person, or the liquidation or dissolution of the Company, then as a
part of such transaction, at the Company's option, either:

         (a) provision shall be made so that the Warrantholder shall thereafter
be entitled to receive the number of shares of stock or other securities or
property of the Company, or of the successor corporation resulting from the
merger, consolidation or sale, to which the Warrantholder would have been
entitled if the Holder had exercised its rights pursuant to the Warrant
immediately prior thereto (and, in such case, appropriate adjustment shall be
made in the application of the provisions of this Section 10 to the end that the
provisions of Section 6 hereof shall be applicable after that event in as nearly
equivalent a manner as may be practicable); or

         (b) this Warrant shall terminate on the effective date of such merger,
consolidation or sale (the "TERMINATION DATE") and become null and void,
provided that if this Warrant shall not have otherwise terminated or expired,
(1) the Company shall have given the Warrantholder written notice of such
Termination Date at least ten (10) business days prior to the occurrence thereof
and (2) the Warrantholder shall have the right until 5:00 p.m., Eastern Standard
Time, on the day immediately prior to the Termination Date to exercise its
rights hereunder to the extent not previously exercised.

11.      MISCELLANEOUS.

         (a) GOVERNING LAW. This Warrant will be governed by and construed in
accordance with the laws of the State of Delaware, without giving effect to the
conflict of law principles thereof.

         (b) COUNTERPARTS. This Warrant may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

         (c) NOTICES. All notices, requests and other communications hereunder
shall be in writing, shall be either (i) delivered by hand, (ii) made by telex,
telecopy or facsimile transmission, (iii) sent by overnight courier, or (iv)
sent by registered mail, postage prepaid, return receipt requested. All notices
from the Company to the Warrantholder shall be sent to One Embarcadero Center,
Suite 2100, San Francisco, CA 94111. All notices from the Warrantholder to the
Company shall be delivered to the Company at its offices at 160 Raritan Center
Parkway, Edison, New Jersey 08837 or such other address as the Company shall so
notify the Warrantholder. All notices, requests and other communications
hereunder shall be deemed to have been given (i) by hand, at the time of the
delivery thereof to the receiving party at the address of such party described
above, (ii) if made by telex, telecopy or facsimile transmission, at the time
that receipt thereof has been

                                      -5-
<PAGE>

acknowledged by electronic confirmation or otherwise, (iii) if sent by overnight
courier, on the next business day following the day such notices is delivered to
the courier service, or (iv) if sent by registered mail, on the fifth business
day following the day such mailing is made.

         (d) SEVERABILITY. In the event any one or more of the provisions of
this Warrant shall for any reason be held invalid, illegal or unenforceable, the
remaining provisions of this Warrant shall be unimpaired, and the invalid,
illegal or unenforceable provision shall be replaced by a mutually acceptable
valid, legal and enforceable provision, which comes closest to the intention of
the parties underlying the invalid, illegal or unenforceable provision.

         (e) AMENDMENTS. Any provision of this Warrant may be amended or waived
by a written instrument signed by the Company and the Warrantholder.

         (f) HEADINGS. The headings in this Warrant are for convenience of
reference only and shall in no way modify or affect the meaning or construction
of any of the terms or provisions of this Warrant.

                                               CONNECTIVCORP

                                               By:
                                                  ------------------------------
                                                  Name:   Jesse Sutton
                                                  Title:  President

ACKNOWLEDGED
AND AGREED:

___________, hereby acknowledges and consents to the provisions of this Warrant.

______________

By:
   ---------------------------------
   Name:
   Title:

                                      -6-
<PAGE>

                                    EXHIBIT A

                                 FORM OF WARRANT

<PAGE>

                                    EXHIBIT B

                               NOTICE OF EXERCISE

TO:      ____________________________

(1)      The undersigned Warrantholder hereby elects to purchase _______ Units
         (representing ____ shares of Preferred Stock and a Warrant to purchase
         _______ shares of Common Stock) of ConnectivCorp (the "Company"),
         pursuant to the terms of the Warrant dated the ____ day of February,
         2004 (the "WARRANT") between the Company and the Warrantholder, and
         [TENDERS HEREWITH PAYMENT OF THE PURCHASE PRICE FOR SUCH SHARES IN
         FULL, TOGETHER WITH ALL APPLICABLE TRANSFER TAXES, IF ANY] [ELECTS
         PURSUANT TO SECTION ____ OF THE WARRANT TO EFFECT A NET ISSUANCE].

(2)      Please issue a certificate or certificates representing said Preferred
         Stock and Warrants in the name of the undersigned or in such other name
         as is specified below.

                                           ---------------------------------
                                           (Name)

                                           ---------------------------------
                                           (Address)

         WARRANTHOLDER:
                                           ---------------------------------

                                           By:
                                              ------------------------------

                                           Title:
                                                 ---------------------------

                                           Date:
                                                ----------------------------

<PAGE>

                                    EXHIBIT C

I.       ACKNOWLEDGMENT OF EXERCISE

The undersigned ____________________________________, hereby acknowledge receipt
of the "NOTICE OF EXERCISE" from ________________________, to purchase ________
Units (representing _______ shares of Preferred Stock and a Warrant to purchase
_______ shares of Common Stock) of ConnectivCorp pursuant to the terms of the
Warrant, and further acknowledges that _________ Units remain subject to
purchase under the terms of the Warrant.

                                    CONNECTIVCORP

                                    By:
                                          ---------------------------

                                    Title:
                                          ---------------------------

                                    Date:
                                          ---------------------------

NYC281580v6

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