Document:

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                                                                EXHIBIT 10(g)(1)

THIS SENIOR NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT").
NEITHER THIS SENIOR NOTE NOR THE SECURITIES ISSUABLE UPON CONVERSION HEREOF MAY
BE TRANSFERRED BY SALE, GIFT, PLEDGE OR OTHERWISE IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE ACT OR AN OPINION OF
COUNSEL AND OTHER ASSURANCES SATISFACTORY TO THE COMPANY PRIOR TO THE PROPOSED
TRANSACTION THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT.

                      INTER.ACT ELECTRONIC MARKETING, INC.

                       25% SENIOR SECURED Convertible Note

No. SSC-00                                                    $-----------------
                                                                 August 25, 2000

     FOR VALUE RECEIVED, the undersigned, INTER.ACT ELECTRONIC MARKETING, INC.,
a North Carolina corporation (the "Company"), hereby promises to pay to the
order of ______________________, an individual (the "Holder"), the principal
amount of ____________________________________________________________________
DOLLARS ($__________), together with interest on the principal amount
outstanding from time to time at the rate of twenty-five percent (25%) per
annum, in accordance herewith. Principal and interest shall be payable in lawful
money of the United States of America to the Holder, at the address provided to
the Company, by cash or check.

I.   PAYMENT OF PRINCIPAL AND INTEREST.

     1.1 Payment. This 25% Senior Secured Convertible Note (the "Senior Note")
         -------
is one in a series of senior secured convertible promissory notes (collectively,
the "Senior Notes") (i) issued by the Company on August 25, 2000 in the
aggregate principal amount of $1,750,000, (ii) that may be issued by the Company
in exchange for certain indebtedness of the Company outstanding on the date
hereof in the aggregate principal amount of $1,500,000 under a promissory note
dated May 19, 1999, (iii) that may be issued by the Company in exchange for
certain indebtedness of the Company outstanding on the date hereof in the
aggregate principal amount of $5,000,000 under a promissory note dated June 16,
1999 or (iv) that may be issued by the Company after the date hereof and prior
to December 31, 2000 (other than pursuant to clauses (ii) and (iii)) in the
aggregate principal amount of up to $6,750,000. Subject to any prior conversion
of this Senior Note, principal and all accrued interest hereunder shall be due
and payable to Holder in full on August 25, 2002; provided, however, that
principal and all accrued interest hereunder shall be due and payable to the
Holder within 10 days of written demand to the Company made by the Holder at any
time after 121 days from the date hereof; provided, further, however, that if
such written demand is made prior to the first anniversary hereof, the
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principal and all accrued interest hereunder shall be due and payable pursuant
to such demand only in the event that the Company has received written demand
from Holders representing at least 75% of the aggregate outstanding principal
amount of the Senior Notes. Regardless of whether any demand has been made, upon
the closing of any Asset Sale (as defined in the Indenture dated as of December
15, 1999 between the Company, as successor in interest to Inter Act Operating
Co., Inc., and State Street Bank and Trust Company), the Company shall
immediately pay out of the proceeds of the Asset Sale the outstanding principal
and accrued interest hereunder; provided, however, that any such required
payment prior to demand shall be limited to the extent of the proceeds of the
Asset Sale and shall be paid pari passu with the other Senior Notes and the
notes referenced in clauses (ii) and (iii) above.

     1.2 Prepayment. The Company may prepay all or any part of the indebtedness
         ----------
evidenced by this Senior Note without any prepayment penalty or fee at any time
after one year from the date hereof or sooner if the Company has received
written approval from Holders representing at least 75% of the aggregate
outstanding principal amount of the Senior Notes; provided, however, that any
prepayment on the Senior Notes at the option of the Company shall be pro rata
with respect to all the Senior Notes outstanding; provided further, however,
that the Company shall give the Holders of the Senior Notes at least 30 days
written notice of its election to prepay (which notice shall state the amount of
principal and accrued interest intended to be prepaid) in order that the Holders
may exercise their right of conversion of any portion of the principal and
accrued interest under the Senior Notes in accordance with Article II below. Any
prepayments shall be applied first to accrued interest and then to outstanding
principal under this Senior Note.

     1.3 Maximum Interest. The Holder and the Company intend to comply with
         ----------------
applicable laws governing the maximum rate or amount of interest payable on this
Senior Note. Accordingly, if any interest payable on this Senior Note would be
usurious under any North Carolina or federal law, (i) the interest due under
this Senior Note shall not exceed the maximum amount of interest allowed by
applicable law, and any excess shall be credited on this Senior Note (or if the
Senior Note has been paid in full, refunded to the Company); and (ii) in the
event of any acceleration of maturity, prepayment or conversion, then such
consideration that constitutes interest shall not include more than the maximum
amount allowed by applicable law, and any excess interest under this Senior Note
shall be canceled automatically as of the date of such acceleration, prepayment
or conversion and, if theretofore prepaid, shall be credited on this Senior Note
(or if this Senior Note has been paid in full, refunded to the Company), and
this Senior Note shall be deemed reformed and the amounts thereafter collectible
hereunder reduced accordingly, without the necessity of the execution of any new
document, so as to comply with the then applicable law. Determination of the
rate of interest for purposes of determining whether this transaction is
usurious under any applicable law, to the full extent permitted by applicable
law, shall be made by amortizing, prorating, allocation and spreading throughout
the full stated term hereof until payment in full, all sums at any time
contracted for, charged, taken, reserved or received from the Company for the
use, forbearance or detention of money in connection herewith.

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II.  CONVERSION OF SENIOR NOTE

     2.1 Right to Convert. Subject to and upon compliance with the provisions of
         ----------------
this Article II, at the option of the Holder, all or any part of the then
outstanding principal and/or accrued interest under this Senior Note may be
converted prior to the maturity hereof into fully paid and nonassessable shares
of the same equity security as next issued by the Company in an amount greater
than $1,000,000 to one or more institutional or accredited investors that do not
hold Senior Notes (such equity security referred to herein as the "Security") at
the same price per share at which such Security is sold to such investor(s) (the
"Conversion Price"). The number of shares of such Security into which this
Senior Note may be converted from time to time shall equal the then outstanding
principal and accrued interest under this Senior Note divided by the Conversion
Price. In the event warrants are issued without separate consideration in
connection with such issuance of shares of the Security to such investor(s), the
Holder shall be entitled to receive warrants upon conversion of this Senior Note
on the same basis as warrants are issued to such investor(s).

     This Senior Note may not be converted by the Holder until shares of such
Security have been issued by the Company as set forth above. Upon issuance of
the Security and resulting determination of the Conversion Price, the Company
shall give written notice to the Holder describing the Security into which this
Senior Note is convertible and the Conversion Price.

     2.2 Mechanics of Conversion. Before the Holder shall be entitled to convert
         -----------------------
this Senior Note or a part hereof into shares of the Security, the Holder shall
surrender this Senior Note to the Company at its registered office at 230 North
Elm Street, Suite 1500, Greensboro, North Carolina 27401 (or at such other
address of which the Company shall have notified the Holder in writing), and
shall give written notice to the Company at such offices that the Holder elects
to convert this Senior Note, or a part hereof, and, if this Senior Note is to be
converted in part, the amount thereof so to be converted. Such notice must be
received by the Company at least two business days prior to any scheduled
payment on the Senior Note (whether on maturity or as an optional prepayment)
and must state the name or names (with address or addresses) in which the
certificate representing the number of shares of the Security issuable upon such
conversion shall be issued. Such notice shall also contain such representations
as may reasonably be required by the Company to the effect that the shares of
the Security to be received upon conversion are not being acquired and will not
be transferred in any way that would violate then applicable securities or other
laws. As promptly as practicable after the receipt of such notice and the
surrender of this Senior Note or part hereof as aforesaid, the Company shall
issue and deliver to the Holder (or to such person designated by the Holder) at
the address or addresses specified by the Holder in the written notice of
conversion, a certificate or certificates for the number of shares of the
Security issuable upon conversion of this Senior Note, or part hereof, in
accordance with the provisions of this Article II. If this Senior Note is
converted in part, the Company shall either issue to the Holder another Senior
Note for the unconverted balance of the principal amount hereof, or return this
Senior Note to the Holder with an appropriate notation endorsed hereon
evidencing such partial conversion.

     2.3 Fractional Shares. No fractional shares of the Security shall be issued
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upon conversion of this Senior Note and any portion of the principal or accrued
interest hereof which

                                       3
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would otherwise be convertible into a fractional share of the Security shall be
paid to the Holder in cash.

     2.4 Effectiveness of Conversion. Any conversion of this Senior Note shall
         ---------------------------
be deemed to have been effective at the close of business on the date on which
such notice shall have been received at the office of the Company and this
Senior Note shall have been surrendered in whole or in part, and at such time
the rights of the Holder as obligee shall cease to the extent of such
conversion, and the person or persons in whose name or names any certificate or
certificates representing the shares of the Security shall be issuable upon such
conversion shall be deemed to become the holder or holders of record of the
shares of the Security represented thereby to the extent of such conversion.

     2.5 Shareholders' Agreement; Legends. In the event that the shares of the
         --------------------------------
Security into which this Senior Note are convertible are shares of the Company's
common stock, no par value (the "Common Stock"), as a condition to conversion,
the Holder will execute a joinder agreement pursuant to which he joins in and
agrees to be bound by the terms of the Shareholders' Agreement dated as of April
16, 1993 by and among the Company and its shareholders, as amended, or any other
shareholders' agreement then in effect among the Company and the holders of its
Common Stock. All certificates representing shares of the Security issued upon
the conversion of this Senior Note may contain legends governing restrictions
upon such shares of the Security as may be required by such shareholders'
agreement.

     2.6 Adjustment to Number of Shares and Conversion Price. If the Security
         ---------------------------------------------------
into which this Senior Note is convertible is Common Stock, the number of shares
of the Security into which this Senior Note may be converted and the Conversion
Price shall be adjusted in number and amount to reflect the following:

          (a) If, at any time during the period when this Senior Note remains
     outstanding, the Company shall declare and pay on shares of Common Stock a
     dividend payable in shares of Common Stock or shall split the then
     outstanding shares of Common Stock into a greater number of shares, the
     number of shares of Common Stock which the Holder of this Senior Note would
     receive upon conversion thereof, as in effect on the record date for such
     dividend or at the time of such stock split, shall be proportionately
     increased and the Conversion Price shall be proportionately decreased, and
     conversely, if at any time the Company shall contract the number of
     outstanding shares of Common Stock by combining such shares into a smaller
     number of shares, the number of shares of the Security which may be
     purchased upon the conversion of this Senior Note at the time of such
     action shall be proportionately decreased as of such time, and the
     Conversion Price shall be proportionately increased.

          (b) Appropriate adjustment of the number of shares which may be
     purchased upon conversion of this Senior Note and of the Conversion Price
     shall also be made as described below in the event of (x) any other capital
     adjustment, recapitalization, reorganization or reclassification, if
     permitted hereunder, or (y) the sale of the Company to, or a merger of the
     Company into, any other corporation, or a sale, lease, or transfer of all
     or substantially all of the assets of the Company, or a distribution by the
     Company of its assets as a liquidating or partial liquidating dividend with
     respect to its Common Stock, or

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     the happening of any other similar event affecting the Common Stock, if
     permitted hereunder. In the event of either (x) or (y) above as
     appropriate, the Holder of this Senior Note shall have the right
     thereafter, upon conversion of this Senior Note to receive the kind and
     amount of shares of stock and other securities and property to which such
     Holder would have been entitled if it had received Common Stock upon
     conversion of this Senior Note immediately prior to such event, and the
     Conversion Price shall be adjusted accordingly.

     If the Security into which this Senior Note is convertible is not Common
Stock but an equity security that is convertible into Common Stock or into
another equity security, the number of shares of the Security into which this
Senior Note may be converted and the Conversion Price shall be equitably
adjusted, as appropriate, in number and amount to reflect any adjustment to the
equity security resulting from events set forth in subparagraphs (a) and (b)
hereof.

     2.7 Notice of Adjustments. Whenever the number of shares of the Security
         ---------------------
that may be purchased pursuant to the conversion of this Senior Note or the
Conversion Price shall be adjusted as provided in Section 2.6, the Company shall
as soon as practicable thereafter provide by written notice to the Holder from
time to time, a statement signed by its Chief Financial Officer or other
officer, showing in reasonable detail the basis for such adjustment and the
actual number of shares of the Security into which this Senior Note is
convertible and the Conversion Price that shall be in effect after such
adjustment.

     2.8 Reservation of Shares. The Company shall at all times reserve and keep
         ---------------------
available a sufficient number of its authorized but unissued shares of the
Security to permit the exercise in full by the Holder of this Senior Note of the
conversion rights hereunder.

III. SECURITY AGREEMENT

     The Senior Notes are secured by a lien on certain assets of the Company
under a Security Agreement by and between the Company and the Holders of the
Senior Notes dated as of the date hereof.

IV.  LIQUIDATION

     In the event of a liquidation of the Company, the Holder will receive in
exchange for and in redemption of the Senior Note, or any portion of the
principal amount thereof then outstanding, prior and in preference to any
distribution of any of the assets or surplus funds of the Company to the holders
of any class of common or preferred stock of the Company by reason of their
ownership thereof, an amount equal to the outstanding principal balance plus all
accrued but unpaid interest and all other amounts owed hereunder. If the assets
or surplus funds to be distributed to the holders of the Senior Notes are
insufficient to permit the payment to such holders of their full preferential
amount, the assets and surplus funds legally available for distribution shall be
distributed ratably among the holders of the Senior Notes in proportion to the
full preferential amount each such holder is otherwise entitled to receive. For
purposes of this Article IV, a liquidation shall be deemed to be a sale of all
or substantially all of the assets of the Company, a dissolution or a winding up
of the Company, either voluntarily or involuntarily.

                                       5
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V.   DEFAULT

     5.1 Default. In the event that (a) the Company shall default in the payment
         -------
of any principal or interest payable under this Senior Note within 10 days of
the date when the same shall become due and payable, (b) the Company shall
default in the payment of principal or interest payable under any other
indebtedness for money borrowed of the Company in principal amount in excess of
$5,000,000, and including any guarantee of indebtedness, beyond any period of
grace provided with respect thereto, or in the performance of any other
agreement, term or condition contained in any agreement under which any such
indebtedness is created, if the effect of such default is such indebtedness has
actually become due and payable prior to its stated maturity, (c) a petition,
complaint or other pleading is filed against the Company under bankruptcy,
reorganization, arrangement, composition, insolvency, readjustment of debt, or
dissolution, or liquidation law of any federal or state jurisdiction, whether
nor or hereafter in effect, which petition is not dismissed within sixty (60)
days after such filing, (d) the Company files a petition, complaint, or other
pleading under the United States Bankruptcy Code or otherwise seeks, or takes
any action to seek relief under any provision of any bankruptcy, insolvency,
readjustment of debt, or (e) the Company makes a general assignment for the
benefit of its creditors or consents to the appointment of a receiver, trustee,
custodian or liquidator (or other similar official) of the Company or any of the
Company's property, then in such event the entire indebtedness evidenced hereby
may, at the option of the Holder and without demand or further notice of any
kind, be declared and thereupon immediately become due and payable, and, subject
to any requirements of applicable law, the Holder may exercise from time to time
any rights and remedies available to the Holder under any applicable laws.

     5.2 Remedies Cumulative. No remedy herein is intended to be exclusive of
         -------------------
any other remedy and each and every such remedy shall be cumulative and shall be
in addition to every other remedy giving hereunder or under the Agreement or now
or hereafter existing at law or in equity or by statute or otherwise.

     5.3 Remedies Not Waived. No course of dealing between the Company and the
         -------------------
Holder or any delay in exercising any right hereunder shall operate as a waiver
by the Holder.

VI.  GENERAL

     6.1. Sale of Senior Note or Shares. Neither this Senior Note nor the shares
          -----------------------------
of the Security issuable upon exercise of the conversion rights herein have been
registered under the Securities Act of 1933, as amended, or under the securities
laws of any state. Neither this Senior Note nor such shares, when issued, may be
sold, transferred, pledged or hypothecated in the absence of an effective
registration statement for this Senior Note, or the shares, as the case may be,
under the Securities Act of 1933, as amended, and such registration or
qualification as may be necessary under the securities laws of any state, or in
the absence of such registration or qualification, an opinion of counsel
satisfactory to the Company that such registration or qualification is not
required. The sale or transfer of shares of the Security issuable upon exercise
of the conversion rights herein may be further restricted by the Shareholders'
Agreement.

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     6.2 Cost of Collection. If this Note is referred to an attorney for
         ------------------
collection, the Company will pay all expenses of collection, including
reasonable attorneys' fees (determined based on the normal hourly rates of such
attorneys and not on a percentage of the amount owed hereunder).

     6.3 Successors and Assigns. This Senior Note shall bind and inure to the
         ----------------------
benefit of the Company and the Holder and their respective permitted successors
and assigns.

     6.4 Severability. If any one or more of the provisions of this Senior Note
         ------------
shall be determined to be invalid, illegal or unenforceable in any respect for
any reason, the validity, legality and enforceability of any such provision in
every other respect and the remaining provisions hereof shall not in any way be
impaired.

     6.5 Governing Law. This Senior Note shall be constructed in accordance with
         -------------
and governed by the laws of the State of North Carolina.

     IN WITNESS WHEREOF, the Company has caused this Senior Note to be executed
in its corporate name by its duly authorized President, and its corporate seal
to be hereunto affixed and attested by its Secretary, all as of the 25th day of
August, 2000.

                                  INTER.ACT ELECTRONIC MARKETING, INC.
ATTEST:

______________________            By:      _______________________________
                                  Title:   _______________________________

(Corporate Seal)

                                       7<PAGE>

                                                                      EX10(g)(2)

NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE
HEREOF HAVE BEEN REGISTERED UNDER ANY FEDERAL OR STATE SECURITIES LAWS. THIS
WARRANT HAS BEEN ISSUED UNDER EXEMPTIONS THAT DEPEND, IN PART, ON THE INTENT OF
THE HOLDER HEREOF NOT TO SELL OR TRANSFER THIS WARRANT OR SUCH SHARES IN ANY
MANNER NOT PERMITTED BY SUCH LAWS. THIS WARRANT AND SUCH SHARES THEREFORE MAY
NOT BE SOLD OR TRANSFERRED EXCEPT IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH
HEREIN.

                     INTER ACT ELECTRONIC MARKETING, INC.

                         COMMON STOCK PURCHASE WARRANT

No.  SSC-0                                                        _______ Shares

     FOR VALUE RECEIVED, InteroAct Electronic Marketing, Inc., a North Carolina
corporation (the "Company"), hereby grants to ____________________, or his
registered assigns, the right to purchase_____________________________________
 (________) shares at a price per share equal to the Exercise Price, as defined
in Section 2 below, (such number of shares and Exercise Price being subject to
adjustment as provided hereinafter) of the validly authorized and issued, fully
paid and nonassessable shares of common stock of the Company, no par value per
share (the "Common Stock"), upon compliance with and subject to the following
terms and conditions:

     1. Exercise of Warrant. This Warrant may be exercised in whole at any time,
        -------------------
or in part from time to time, on or before the expiration date set forth in
Section 3 below and subject to Section 2 below by surrendering this Warrant, or
the applicable portion hereof, with a duly executed subscription form
substantially in the form attached hereto, at the offices of the Company in
Charlotte, North Carolina, and by paying in full the Exercise Price, in
immediately available funds or as otherwise hereinafter provided, for the number
of shares of Common Stock as to which this Warrant or applicable portion hereof
is exercised. No fractional shares shall be issued upon the exercise of this
Warrant and, instead, any fractional shares created by exercise hereunder shall
be purchased by the Company at the rate of the Exercise Price per share then in
effect.

     2. Exercise Price. The exercise price per share of this Warrant (the
        --------------
"Exercise Price") shall be equal to the exercise price of warrants to purchase
Common Stock issued by the Company in connection with the next equity or debt
offering in excess of $1,000,000. Accordingly, the Warrant may not be exercised
unless and until warrants have been issued in such equity or debt offering and
the Exercise Price is determined. If the Exercise Price has not been determined
on or before December 31, 2005, the Exercise Price will be at the price at which
the latest warrant issued by the Company prior to the date of this Warrant was
exercisable, as such price may be adjusted from time to time, which price shall
become the Exercise Price.
<PAGE>

     3. Expiration of Warrant. This Warrant shall expire and all rights
        ---------------------
hereunder shall cease on the date which is ten years from the date hereof.

     4. Adjustment. The number of shares of Common Stock for which this Warrant
        ----------
may be exercised and the Exercise Price per share shall be adjusted in amount
and number in accordance with the following:

          (a) If the Company shall declare and pay on shares of Common Stock a
     dividend payable in shares of Common Stock or shall split the then
     outstanding shares of Common Stock into a greater number of shares, the
     number of shares of Common Stock for which this Warrant may be exercised,
     as in effect at the time of taking of a record for such dividend or at the
     time of such stock split, shall be proportionately increased and the
     Exercise Price per share shall be proportionately decreased. Conversely, if
     at any time the Company shall contract or reduce the number of outstanding
     shares of Common Stock by combining such shares into a smaller number of
     shares, the number of shares of Common Stock for which this Warrant may be
     exercised at the time of such action shall be proportionately decreased and
     the Exercise Price per share shall be proportionately increased.

          (b) If at any time the Company shall initiate any transaction or be a
     party to any transaction (including, without limitation, a merger,
     consolidation, share exchange, sale, lease or other disposition of all or
     substantially all of the Company's assets, charter amendment,
     recapitalization or reclassification of the Common Stock or a "Stock Sale,"
     as defined below) in connection with which the previously outstanding
     Common Stock shall be changed into or exchanged for different securities of
     the Company or capital stock or other securities of another corporation or
     interests in a non-corporate entity or other property (including cash) or
     any combination of the foregoing (each such transaction being herein called
     a "Transaction"), then, as a condition of the consummation of the
     Transaction, lawful, enforceable and adequate provision shall be made so
     that the holder of this Warrant shall be entitled to receive upon exercise
     of the Warrant at any time on or after the consummation of the Transaction,
     in lieu of the shares of Common Stock issuable upon such exercise prior to
     such consummation, the securities or other property (including cash) to
     which the holder would have been entitled upon consummation of the
     Transaction if the holder had exercised the Warrant immediately prior
     thereto (subject to adjustments from and after the consummation date as
     nearly equivalent as possible to the adjustments provided for in this
     Section 4). If a purchase, tender or exchange offer is made to and accepted
     by the holders of more than 50% of the outstanding Common Stock (a "Stock
     Sale"), and if the holder of the Warrant so designates in a written notice
     given to the Company, the holder shall be entitled to receive upon the
     exercise of the Warrant at any time on or after the consummation of the
     Stock Sale in lieu of the shares of Common Stock issuable upon exercise
     prior to the consummation of the Stock Sale, the securities or other
     property to which the holder would have been entitled if the holder had
     exercised this Warrant prior to the expiration of such purchase, tender or
     exchange offer and had accepted such offer (subject to adjustments from and
     after the consummation of such purchase, tender or exchange offer as nearly
     equivalent as possible to the adjustments provided for in this Section 4).
     The Company will not effect any Transaction unless prior to the
     consummation thereof each
<PAGE>

     corporation or entity (other than the Company) which may be required to
     deliver any securities or other property upon the exercise of the Warrant
     as provided herein shall assume, by written instrument delivered to the
     holder, the obligation to deliver to the holder such securities or other
     property as in accordance with the foregoing provisions the holder may be
     entitled to receive. The foregoing provisions of this Section 4(d) shall
     similarly apply to successive Transactions.

     5. Notice of Adjustments. Within five (5) days after any adjustment
        ---------------------
pursuant to Section 4 above, the Company shall give written notice thereof to
the registered holder. Such notice shall state the Exercise Price as adjusted
and the increased or decreased number of shares purchasable upon the exercise of
this Warrant, setting forth in detail the method of calculation.

     6. Partial Exercise of Warrant. In the event of any partial exercise of
        ---------------------------
this Warrant, the Company shall return to the registered holder this Warrant,
which shall have noted thereon the date of partial exercise and the number of
shares of Common Stock issued upon the partial exercise thereof.

     7. Reservation of Shares. The Company shall at all times reserve and keep
        ---------------------
available a number of its authorized but unissued shares of its Common Stock
sufficient to permit the exercise in full of this Warrant.

     8. Sale of Warrant or Shares. 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 under the securities laws of any state. Neither this
Warrant nor such shares, when issued, may be sold, transferred, pledged or
hypothecated in the absence of an effective registration statement for this
Warrant, or the shares of Common Stock, as the case may be, under the Securities
Act of 1933, as amended, and such registration or qualification as may be
necessary under the securities laws of any state, or an opinion of counsel
satisfactory to the Company that such registration or qualification is not
required.

     9. Shareholders' Agreement. The holder understands and agrees that the
        -----------------------
shares of Common Stock issuable upon exercise of this Warrant shall also be
subject to the restrictions on transfer and other provisions of the
shareholders' agreement, if any, that may be in effect among the Company and all
its shareholders as of the date of any exercise of this Warrant. As a condition
to the exercise of this Warrant, the holder agrees to become a party to any such
shareholders' agreement by executing a joinder agreement or other appropriate
document. In the event that the Shareholders' Agreement dated as of April 16,
1993, as amended by Amendment No. 1 thereto dated as of June 17, 1994, has
terminated as a result of a public offering of capital stock of the Company
prior to the exercise of this Warrant, the holder nevertheless agrees to be
bound by the lock-up agreement contained in Section 23 thereof or any similar
lock-up agreement then in effect with respect to the Company's shareholders.

     10. Legends. The certificate or certificates evidencing all or any of the
         -------
shares of Common Stock issued upon exercise of this Warrant shall bear the
following legend:

     "The Shares evidenced by this certificate have not been registered under
     the Securities Act of 1933, as amended, or under the securities laws of any
     state. The
<PAGE>

     shares may not be sold, transferred, pledged or hypothecated in the absence
     of an effective registration statement under the Securities Act of 1933, as
     amended, and such registration or qualification as may be necessary under
     the securities laws of any state, or any opinion of counsel satisfactory to
     the Company that such registration or qualification is not required."

Such certificate or certificates shall also bear any legend required by the
Shareholders' Agreement.

     11. Successors and Assigns. The terms of this Warrant shall be binding upon
         ----------------------
and shall inure to the benefit of any successors or assigns of the Company and
of the holder or holders hereof and of the Common Stock issued or issuable upon
the exercise hereof.

     12. Transfer of Warrant. This Warrant shall be registered on the books of
         -------------------
the Company, which shall be kept by it at its principal office for that purpose
and shall be transferable only on said books by the registered holder hereof in
person or by such holder's duly authorized attorney upon surrender of this
Warrant properly endorsed, and only in compliance with the foregoing provisions
of this Warrant. Except as otherwise provided herein, and subject to applicable
securities laws, this Warrant and all rights hereunder are transferable in whole
or in part by the registered holder hereof in person or by the registered
holder's duly authorized attorney on the books of the company upon surrender of
this Warrant, or the applicable portion hereof, with a transfer form
substantially in the form attached hereto duly executed, at the offices of the
Company in Charlotte, North Carolina. 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 notices to the contrary.

     13. Notices. Notices under this Warrant shall be in writing and shall be
         -------
deemed to have been duly given (i) when personally delivered, (ii) when
forwarded by Federal Express, Airborne, or another private carrier which
maintains records showing delivery information, (iii) when sent via facsimile
but only if a written or facsimile acknowledgement of receipt is received by the
sending party, or (iv) when place in the United States Mail and forwarded by
registered or certified mail, return receipt requested, postage prepaid,
addressed to the party to whom such notice is being given and, with respect to
the Company, addressed to the Company's principal office, and with respect to
the registered holder of the Warrant, addressed to the address of such holder as
maintained on the records of the Company, or to such other address as may by
furnished in writing to the parties.

     14. Governing Law. This Warrant shall be governed in accordance with the
         -------------
laws of the State of North Carolina without taking into account conflict of law
provisions.
<PAGE>

     IN WITNESS WHEREOF, the Company has caused this Warrant to be issued and
executed in its corporate name by its authorized officer and its corporate seal
to be affixed hereto and attested by its Secretary or Assistant Secretary.

DATED: August 25, 2000               INTER ACT ELECTRONIC MARKETING, INC.

                                     By:    __________________________________
                                     Title: __________________________________

ATTEST:

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

(Corporate Seal)
<PAGE>

                               Exercise Form for

                         Common Stock Purchase Warrant

                     INTER ACT ELECTRONIC MARKETING, INC.

     The undersigned hereby irrevocably subscribes for the shares of Common
Stock of Inter.Act Electronic Marketing, Inc. indicated below, upon the terms
and conditions of the attached Warrant.

No. of Shares:
                                    -----------

Exercise Price per share:           $
                                     ----------

Subscriber's Name and Address:
(Please print)                      --------------------------------------------

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

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

Subscriber's Telephone Number:      (     )
                                    --------------------------------------------

Subscriber's Signature:
(if individual)                     --------------------------------------------

Subscriber's Signature:
(if entity)                         --------------------------------------------
                                                   (Name of Entity)

                                    By:
                                       -----------------------------------------
                                          (Signature of Authorized Person)

                                    --------------------------------------------
                                             (Title of Authorized Person)
<PAGE>

                               Transfer Form for

                         Common Stock Purchase Warrant

                     INTER ACT ELECTRONIC MARKETING, INC.

     The undersigned registered holder of the attached Warrant hereby
irrevocable transfers the following portion of the Warrant to purchase shares of
Common Stock of Inter.Act Electronic Marketing, Inc., which transfer is subject
to the terms and conditions described in the Warrant.

Date of Transfer:
                                          --------------------------------------

Number of Shares Exercisable under
     Warrant as of Date of Transfer:
                                          --------------------------------------

Portion of Warrant Transferred
     Expressed as fraction or percentage:
                                          --------------------------------------
     Expressed as number of shares:
                                          --------------------------------------

Transferee's Name and Address:
(Please Print)                            --------------------------------------

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

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

Transferee's Telephone Number:            (     )
                                          --------------------------------------

Transferor's Signature:
     (if individual)                      --------------------------------------

Transferor's Signature:
(if entity)                               --------------------------------------
                                                     (Name of Entity)

                                          By:
                                             -----------------------------------
                                               (Signature of Authorized Person)

                                          --------------------------------------
                                                (Title of Authorized Person)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}]]