Document:

EXHIBIT 4.1

                             PLACEMENT AGENT WARRANT

THE WARRANT  REPRESENTED BY THIS  CERTIFICATE  AND THE SECURITIES  ISSUABLE UPON
EXERCISE  HEREOF HAVE NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "ACT"),  OR ANY STATE  SECURITIES  LAWS AND NEITHER SUCH SECURITIES
NOR ANY INTEREST THEREIN MAY BE OFFERED,  SOLD,  PLEDGED,  ASSIGNED OR OTHERWISE
TRANSFERRED  UNLESS  (1)  A  REGISTRATION  STATEMENT  WITH  RESPECT  THERETO  IS
EFFECTIVE  UNDER THE ACT AND ANY APPLICABLE  STATE  SECURITIES  LAWS, OR (2) THE
COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH  SECURITIES,  WHICH
COUNSEL  AND OPINION  ARE  REASONABLY  SATISFACTORY  TO THE  COMPANY,  THAT SUCH
SECURITIES MAY BE OFFERED, SOLD, PLEDGED,  ASSIGNED OR TRANSFERRED IN THE MANNER
CONTEMPLATED  WITHOUT  AN  EFFECTIVE  REGISTRATION  STATEMENT  UNDER  THE ACT OR
APPLICABLE STATE SECURITIES LAWS.

                         THE TRANSFER OF THIS WARRANT IS
                         RESTRICTED AS DESCRIBED HEREIN.

                                SEARCHHELP, INC.

           Warrant for the purchase of 172,800 shares of Common Stock,
                          $0.0001 par value per share,

                    THIS WARRANT EXPIRES ON OCTOBER 15, 2009

                                                                  172,800 Shares

      THIS CERTIFIES  that, for value  received,  S.G.  Martin  Securities  LLC,
located  at  8  Broadway,   Rocky  Point,  NY  11778  (including  any  permitted
transferee,  the  "Holder"),  is entitled to  subscribe  for and  purchase  from
SearchHelp,  Inc., a Delaware  corporation (the  "Company"),  upon the terms and
conditions  set forth  herein,  at any time from  October  15,  2004 to any time
before  5:00 P.M. on October  15,  2009 New York,  New York time (the  "Exercise
Period"),  172,800 shares of the Company's  common stock,  (the "Shares"),  at a
price equal to $.30 per share (the "Exercise Price"). This Warrant was issued to
the Holder in connection  with its acting as the  placement  agent for a private
placement  offering (the  "Offering") by the Company of 7,200,000  shares of the
Company's  common  stock at a purchase  price of $ .30 per share  pursuant  to a
private offering  memorandum,  dated September 8, 2003. As used herein, the term
"this  Warrant"  shall mean and include this Warrant and any Warrant or Warrants
hereafter issued as a consequence of the exercise or transfer of this Warrant in
whole or in part.

      The  number of Shares  issuable  upon  exercise  of this  Warrant  and the
Exercise Price may be adjusted from time to time as hereinafter set forth.

      1. Exercise  Period and Exercise  Price.(a)  This Warrant may be exercised
during  the  Exercise  Period,  as to the  whole or any  lesser  number of whole
Warrant  (subject to the  limitation set forth in the preamble to this Warrant),
by the  surrender  of this  Warrant  (with the  election  at the end hereof duly
executed) to the Company at its office at 1055  Stewart  Avenue,  Bethpage,  New
York 11714,  or at such other place as is  designated in writing by the Company,
together with cash or a certified or bank  cashier's  check payable to the order
of the Company in an amount equal to the Exercise Price multiplied by the number
of Shares for which this Warrant is being exercised.
<PAGE>

      (b) All or any  part of this  Warrant  may be  exercised  on a  "cashless"
basis, by stating in the exercise notice such intention,  and the maximum number
(the "Maximum  Number") of Shares the Holder elects to purchase pursuant to such
exercise.  The number of Shares  which the Holder shall  receive (the  "Cashless
Exercise  Number")  shall equal the Maximum  Number minus the  quotient  that is
obtained  when the product of the Maximum  Number and the then current  Exercise
Price is divided by the then Current Market Price (as  hereinafter  defined) per
share of Common  Stock.  As used  herein,  "Current  Market  Price" per share of
Common  Stock  shall  mean,  on any date,  the product of (i) the average of the
daily  closing  prices  for the  Company's  Common  Stock  for the  thirty  (30)
consecutive trading days immediately preceding such date, and (ii) the number of
shares of Common Stock into which each Share is  convertible at the time of such
exercise.  The closing price for each day shall be the last reported sales price
regular way or, in the case no such  reported  sale takes place on such day, the
closing  bid  price  regular  way,  in  either  case on the  principal  national
securities exchange (including, for purposes hereof, the NASDAQ National Market)
on which the Common  Stock is listed or  admitted  to trading  or, if the Common
Stock is not listed or admitted to trading on any national securities  exchange,
the highest reported bid price for the Common Stock as furnished by the National
Association of Securities Dealers, Inc. through NASDAQ or a similar organization
if NASDAQ  is no  longer  reporting  such  information.  If on any such date the
Common  Stock is not listed or  admitted to trading on any  national  securities
exchange  and is not quoted by NASDAQ or any similar  organization,  the Current
Market  Price shall mean the fair value of the shares of Common Stock into which
each  Share  is  convertible  at the  time of such  exercise  on such  date,  as
determined  in good  faith  by the  board of  directors  of the  Company,  whose
determination shall be conclusive absent manifest error.

      (c) The Company may redeem  this  Warrant at any time during the  Exercise
Period, by providing the Holder with the time, manner and place of redemption by
first class or registered  mail,  postage  prepaid,  at the address set forth in
this Warrant,  after the occurrence of a "Redemption  Event." A Redemption Event
shall be the fifth consecutive  trading day upon which the Common Stock has been
trading at $1.50 per share,  determined by taking the average  between the "bid"
and "ask"  price of the Common  Stock on each such day,  at a price of $.001 per
number of shares  which may be  purchased by this  Warrant,  plus any  dividends
declared but unpaid thereon,  subject to appropriate  adjustment in the event of
any stock dividend,  stock split,  combination or other similar recapitalization
affecting such shares.

            2. Purchase of Shares.  Upon each exercise of the Holder's rights to
purchase  Shares,  the Holder  shall be deemed to be the holder of record of the
Shares issuable upon such exercise,  notwithstanding  that the transfer books of
the Company shall then be closed or certificates  representing such Shares shall
not then have been  actually  delivered  to the Holder.  As soon as  practicable
after each such exercise of this Warrant, the Company shall issue and deliver to
the Holder a  certificate  or  certificates  for the Shares,  issuable upon such
exercise,  registered in the name of the Holder or its designee. If this Warrant
should be  exercised in part only,  the Company  shall,  upon  surrender of this
Warrant for cancellation, execute and deliver a new Warrant evidencing the right
of the Holder to  purchase  the  balance of the  Shares  (or  portions  thereof)
subject to purchase hereunder.

            3.  Exercise  Procedure.  Any shares of Common Stock issued upon the
exercise in part of this Warrant  shall be numbered and shall be registered in a
Common Stock Register as they are issued. The Company shall be entitled to treat
the registered  holder of any part of any Warrant shares on either such Register
as the  owner  in fact  thereof  for all  purposes  and  shall  not be  bound to
recognize any equitable or other claim to or interest in such Shares on the part
of any other person, and shall not be liable for any registration or transfer of
Shares which are  registered  or to be  registered in the name of a fiduciary or
the  nominee  of a  fiduciary  unless  made  with the  actual  knowledge  that a
fiduciary  or  nominee  is  committing  a breach  of trust  in  requesting  such
registration  or  transfer,  or with  the  knowledge  of  such  facts  that  its
participation  therein amounts to bad faith.  This Warrant shall be transferable
only on the books of the Company  upon  delivery  thereof  duly  endorsed by the
Holder or by his duly authorized  attorney or representative,  or accompanied by
proper  evidence of  succession,  assignment,  or authority to transfer.  In all
cases of transfer by an attorney,  executor,  administrator,  guardian, or other
legal representative,  duly authenticated evidence of his or its authority shall
be produced.  Upon any registration of transfer, the Company shall deliver a new
Warrant  or  Warrants  to the  person  entitled  thereto.  This  Warrant  may be
exchanged,  at the option of the Holder thereof,  for another Warrant,  or other
Warrants  of  different  denominations,  of like tenor and  representing  in the
aggregate  the right to purchase a like number of Shares (or portions  thereof),
upon surrender to the Company or its duly authorized agent.  Notwithstanding the
foregoing,  the  Company  shall  have no  obligation  to  cause  Warrants  to be
transferred  on its books to any  person  if, in the  opinion  of counsel to the
Company, such transfer does not comply with the provisions of the Securities Act
of 1933, as amended (the "Act"), and the rules and regulations thereunder.

                                       2
<PAGE>

            4. Registration Rights.

      (a) The Holder  acknowledges  that it has been advised by the Company that
neither this  Warrant nor the Shares have been  registered  under the Act,  that
this  Warrant  is being or has been  issued  and the Shares may be issued on the
basis  of the  statutory  exemption  provided  by  Section  4(2)  of the  Act or
Regulation D promulgated  thereunder,  or both,  relating to  transactions by an
issuer not involving any public offering.  The Holder  acknowledges  that it has
been informed by the Company of, or is otherwise  familiar  with,  the nature of
the limitations  imposed by the Act and the rules and regulations  thereunder on
the  transfer of  securities.  In  particular,  the Holder  agrees that no sale,
assignment  or transfer of this  Warrant or the Shares  issuable  upon  exercise
hereof  shall be valid or  effective,  and the Company  shall not be required to
give any effect to any such sale,  assignment or transfer,  unless (i) the sale,
assignment  or transfer of this Warrant or such Shares is  registered  under the
Act, it being understood that neither this Warrant nor such Shares are currently
registered  for sale and that the Company has no  obligation  or intention to so
register this Warrant or such Shares except as specifically  provided herein, or
(ii) this Warrant or such Shares are sold, assigned or transferred in accordance
with all the  requirements  and  limitations of Rule 144 under the Act, it being
understood  that Rule 144 is not available at the time of the original  issuance
of this  Warrant for the sale of this  Warrant or such Shares and that there can
be no assurance that Rule 144 sales will be available at any subsequent time, or
(iii) such sale,  assignment,  or transfer is otherwise exempt from registration
under the Act.

            (b) The Company has granted certain "piggy back" registration rights
to the  Holder  pursuant  to the  Registration  Rights  Agreement  of even  date
herewith

            5.  Reservation  of Common  Stock.  The  Company  shall at all times
reserve and keep available, solely for the purpose of providing for the exercise
of the rights to purchase  all Shares  granted  pursuant to this  Warrant,  such
number of shares of Common  Stock and other  stock,  securities  and property as
from time to time are  receivable  upon  exercise of this  Warrant.  The Company
covenants  that all  shares of  Common  Stock  issuable  upon  exercise  of this
Warrant, upon receipt by the Company of the full Exercise Price therefor,  shall
be validly issued, fully paid, nonassessable, and free of preemptive rights.

            6.  Notice of  Adjustments.  The  Exercise  Price and the  number of
Common Stock subject to this Warrant shall be subject to adjustment from time to
time as follows:

      (a)  Subdivision or Combination of Stock.  (i) If at any time or from time
to time  following  the date of  issuance  of this  Warrant  the  Company  shall
subdivide its  outstanding  shares of Common Stock,  the Exercise Price for this
Warrant in effect immediately prior to such subdivision shall be proportionately
reduced,  and conversely,  in case the outstanding shares of Common Stock of the
Company shall be combined into a smaller number of shares, the Exercise Price in
effect immediately prior to such combination shall be proportionately increased.

            (i) Upon each adjustment of the Exercise Price as provided in (a)(i)
above,  the Holder shall  thereafter  be entitled to  purchase,  at the Exercise
Price resulting from such  adjustment,  the number of  Shares(calculated  to the
nearest whole share of Common Stock)  obtained by multiplying the Exercise Price
in  effect  immediately  prior  to  such  adjustment  by the  number  of  Shares
purchasable  pursuant hereto  immediately  prior to such adjustment and dividing
the product thereof by the Exercise Price resulting from such adjustment.

      (b)  Adjustment  for  Stock  Dividends.  If and  whenever  at any time the
Company shall declare a dividend or make any other  distribution  upon any class
or  series  of stock  of the  Company  payable  in  shares  of  Common  Stock or
securities  convertible  into shares of Common Stock, the Exercise Price and the
number  of  Shares  to be  obtained  upon  exercise  of this  Warrant  shall  be
proportionately  adjusted to reflect the  issuance of any shares of Common Stock
or  convertible  securities,  as the case may be,  issuable  in  payment of such
dividend or distribution.

      (c) Reorganization,  Reclassification,  Consolidation,  Merger or Sale. If
any  capital  reorganization  of  the  capital  stock  of  the  Company,  or any
consolidation or merger of the Company with another corporation,  or the sale of
all or substantially all of its assets to another  corporation shall be effected
in such a way that holders of Common  Stock shall be entitled to receive  stock,
securities,  or  other  assets  or  property,  then,  as  a  condition  of  such
reorganization,  reclassification,  consolidation,  merger or sale,  lawful  and
adequate  provisions  shall be made whereby the Holder  hereof shall  thereafter
have the right to purchase  and  receive (in lieu of the shares of Common  Stock
immediately  theretofore  purchasable as part of the Shares and receivable  upon
the exercise of the rights represented hereby) such shares of stock,  securities
or other  assets or property as may be issued or payable  with  respect to or in
exchange for a number of outstanding  shares of Common Stock equal to the number
of shares of such stock immediately  theretofore purchasable and receivable upon
the  exercise  of  the  rights   represented   hereby  shall  also  be  adjusted
accordingly.  In any reorganization described above, appropriate provision shall
be made with  respect to the rights and  interests of the Holder of this Warrant
to the end that the provisions hereof (including, without limitation, provisions
for  adjustments of the Exercise  Price and of the number of Shares  purchasable
and  receivable  upon  the  exercise  of  this  Warrant)  shall   thereafter  be
applicable,  as nearly as may be, in relation to any shares of stock, securities
or assets thereafter  deliverable upon the exercise hereof. The Company will not
effect any such consolidation,  merger or sale unless, prior to the consummation
thereof,  the successor  corporation (if other than the Company)  resulting from
such  consolidation  or the  corporation  purchasing such assets shall assume by
written  instrument,  executed and mailed or delivered to the registered  Holder
hereof at the last address of such Holder appearing on the books of the Company,
the  obligation  to deliver to such Holder such shares of stock,  securities  or
assets as, in  accordance  with the  foregoing  provisions,  such  Holder may be
entitled to purchase.

                                       3
<PAGE>

      (d) Minimal  Adjustments.  No adjustment in the Exercise  Price and/or the
number of Shares subject to this Warrant need be made if such  adjustment  would
result in a change in the  Exercise  Price of less than five cents  ($0.05) (the
"Adjustment Threshold Amount").  Any adjustment less than these amounts which is
not made shall be carried forward and shall be made together with any subsequent
adjustments,  at the time when (i) the aggregate  amount of all such adjustments
is equal to at least the  Adjustment  Threshold  Amount or (ii) this  Warrant is
exercised.

      (e) Certificate of Adjustments.  Upon the occurrence of each adjustment or
readjustment  of the Exercise Price pursuant to this Section 7, the Company,  at
its  expense,   shall  promptly  compute  such  adjustment  or  readjustment  in
accordance  with the terms  hereof  and  prepare  and  furnish  to the  Holder a
certificate  setting forth such adjustment or readjustment and showing in detail
the facts upon which such  adjustment  or  readjustment  is based.  The  Company
shall,  upon written  request at any time of the Holder,  furnish or cause to be
furnished to the Holder a like  certificate  setting forth (i) such  adjustments
and  readjustments,  (ii) the then effective Exercise Price and number of shares
of Common Stock subject to this Warrant,  and (iii) the then effective amount of
securities  (other than the shares of Common Stock) and other property,  if any,
which would be received upon exercise of this Warrant.

            8. Expenses. The issuance of any Shares or other securities upon the
exercise of this Warrant,  and the delivery of certificates or other instruments
representing  such  warrant  shares or other  securities,  shall be made without
charge to the  Holder for any tax or other  charge in respect of such  issuance.
The Company shall not, however,  be required to pay any tax which may be payable
in respect of any transfer involved in the issue and delivery of any certificate
in a name other than that of the Holder and the Company shall not be required to
issue or  deliver  any such  certificate  unless and until the person or persons
requesting  the issue  thereof shall have paid to the Company the amount of such
tax or shall have  established to the  satisfaction of the Company that such tax
has been paid.

            9. Transferability.  The Shares issued upon exercise of this Warrant
shall be subject to a stop transfer order and the  certificate  or  certificates
evidencing such Shares shall bear the following legend:

            "THE  SECURITIES  REPRESENTED  BY THIS  CERTIFICATE  HAVE  NOT  BEEN
            REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"),
            OR ANY STATE  SECURITIES  LAWS AND NEITHER SUCH  SECURITIES  NOR ANY
            INTEREST  THEREIN  MAY  BE  OFFERED,  SOLD,  PLEDGED,   ASSIGNED  OR
            OTHERWISE  TRANSFERRED  UNLESS  (1) A  REGISTRATION  STATEMENT  WITH
            RESPECT THERETO IS EFFECTIVE UNDER THE ACT AND ANY APPLICABLE  STATE
            SECURITIES  LAWS, OR (2) THE COMPANY  RECEIVES AN OPINION OF COUNSEL
            TO THE HOLDER OF SUCH  SECURITIES,  WHICH  COUNSEL  AND  OPINION ARE
            REASONABLY  SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE
            OFFERED,  SOLD,  PLEDGED,  ASSIGNED  OR  TRANSFERRED  IN THE  MANNER
            CONTEMPLATED WITHOUT AN EFFECTIVE  REGISTRATION  STATEMENT UNDER THE
            ACT OR APPLICABLE STATE SECURITIES LAWS."

      This Warrant issued upon exercise hereof (and the Common Stock  underlying
the Shares) may not be offered,  sold, or transferred  except in compliance with
the Act, and any applicable state securities laws; and then only against receipt
of an  agreement of the Person to whom such offer or sale is made to comply with
the provisions of this Section 9 with respect to any resale or other disposition
of such  securities;  provided that no such agreement shall be required from any
Person  purchasing  this  Warrant  or  any  underlying  security  pursuant  to a
registration  statement  effective  under the Act.  The  Holder of this  Warrant
agrees that, prior to the disposition of any security  purchased on the exercise
hereof under  circumstances  that might  require  registration  of such security
under the Act or any  similar  statute  then in effect,  the  Holder  shall give
written notice to the Company,  expressing his intention as to such disposition.
Promptly upon receiving such notice, the Company shall present a copy thereof to
its  securities  counsel.  If, in the  opinion  of such  counsel,  the  proposed
disposition does not require registration of such security under the Act, or any
similar  statute then in effect,  the Company shall, as promptly as practicable,
notify the Holder of such  opinion,  whereupon  the Holder  shall be entitled to
dispose of such security in accordance with the terms of the notice delivered by
the Holder to the  Company.  The above  agreement  by the Holder of this Warrant
shall not be deemed to limit or restrict  in any respect the  exercise of rights
set forth in Section 9 hereof.

                                       4
<PAGE>

            10. Loss of Warrant.  Upon receipt of evidence  satisfactory  to the
Company of the loss, theft, destruction, or mutilation of this Warrant (and upon
surrender  of any Warrant if  mutilated),  including  an affidavit of the Holder
that this Warrant has been lost, stolen,  destroyed or mutilated,  together with
an  indemnity  against any claim that may be made against the Company on account
of such lost, stolen,  destroyed or mutilated Warrant, and upon reimbursement of
the  Company's  reasonable  incidental  expenses,  the Company shall execute and
deliver to the Holder a new Warrant of like date, tenor, and denomination.

            11. No Stockholder Rights. The Holder of this Warrant shall not have
solely on account of such status,  any rights of a  stockholder  of the Company,
either at law or in equity,  or to any notice of meetings of  stockholders or of
any other proceedings of the Company, except as provided in this Warrant.

            12.  Governing  Law.  This Warrant  shall be construed in accordance
with  the  laws of the  State  of New  York  applicable  to  contracts  made and
performed  within  such  State,  without  giving  effect  to  conflicts  of  law
principles.

            13. Consent to Jurisdictions.  The Company  irrevocably  consents to
the jurisdiction of the courts of the State of New York and of any federal court
located in such State in connection with any action or proceeding arising out of
or relating to this Warrant,  any document or instrument  delivered pursuant to,
in connection  with or  simultaneously  with this  Warrant,  or a breach of this
Warrant or any such document or  instrument.  In any such action or  proceeding,
the Company waives personal  service of any summons,  complaint or other process
and agrees  that  service  thereof  may be made in  accordance  with  Section 14
hereof. Within thirty (30) days after such service, or such other time as may be
mutually  agreed upon in writing by the attorneys for the parties to such action
or  proceeding,  the Company shall appear to answer such  summons,  complaint or
other process.

            14. Notices. Any notice or other communication required or permitted
to be given hereunder shall be in writing and shall be mailed by certified mail,
return  receipt  requested,  or by  Federal  Express,  Express  Mail or  similar
overnight  delivery or courier  service or delivered  (in person or by telecopy,
telex or similar  telecommunications  equipment) against receipt to the party to
whom it is to be given,  (i) if to the  Company,  at its address at 1055 Stewart
Avenue, Bethpage, New York 11714, Attention:  President,  (ii) if to the Holder,
at its address set forth on the first page hereof,  or (iii) in either case,  to
such other  address as the party shall have  furnished in writing in  accordance
with the  provisions of this Section 14. Notice to the estate of any party shall
be  sufficient  if  addressed  to the party as provided in this  Section 14. Any
notice or other  communication  given by certified mail shall be deemed given at
the time of  certification  thereof,  except  for a notice  changing  a  party's
address which shall be deemed given at the time of receipt  thereof.  Any notice
given by other means  permitted  by this Section 14 shall be deemed given at the
time of receipt thereof.

            15.  Waiver.  No course of dealing  and no delay or  omission on the
part of the Holder in  exercising  any right or remedy shall operate as a waiver
thereof or otherwise  prejudice  the  Holder's  rights,  powers or remedies.  No
right,  power or remedy  conferred  by this  Warrant  upon the  Holder  shall be
exclusive  of any  other  right,  power or remedy  referred  to herein or now or
hereafter  available at law, in equity,  by statute or  otherwise,  and all such
remedies may be exercised singly or concurrently.

                                       5
<PAGE>

            16.  Amendment.  This  Warrant  may be  amended  only  by a  written
instrument executed by the Company and the Holder hereof. Any amendment shall be
endorsed upon this Warrant, and all future Holders shall be bound thereby.

            17.  Captions.  Paragraph  captions  contained  in this  Warrant are
inserted only as a matter of convenience and for reference and in no way define,
limit or  extend or  describe  the scope of this  Warrant  or the  intent of any
provision hereof.

Dated: October 15, 2004

                                         SEARCHHELP, INC.

                                         By: /s/ William Bozsnyak
                                             -----------------------------------
                                             Name: William Bozsnyak
                                             Title:  Chief Executive Officer,
                                             Vice President and Treasurer
[Seal]

-------------------------------
Debbie Seaman, Secretary

                                       6
<PAGE>

                               FORM OF ASSIGNMENT

(To be executed by the registered  holder if such holder desires to transfer the
attached Warrant.)

            FOR VALUE RECEIVED,  ______________________  hereby sells,  assigns,
and transfers  unto  ________________  a Warrant to purchase  172,800  shares of
SearchHelp, Inc.'s (the "Company") common stock, together with all right, title,
and  interest  therein,  and does  hereby  irrevocably  constitute  and  appoint
_________  ___________________ attorney to transfer such Warrant on the books of
the Company, with full power of substitution.

Dated:   _______________

                                               Signature _______________________

                                               _________________________________
                                               Signature Guarantee

                                     NOTICE

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

                                       7
<PAGE>

To:      SearchHelp, Inc.
         1055 Stewart Avenue
         Bethpage, New York  11714

                              ELECTION TO EXERCISE

            The  undersigned  hereby  exercises  his or its  rights to  purchase
_________  Shares covered by the within Warrant and tenders payment  herewith in
the amount of $ ___________ in accordance  with the terms thereof,  and requests
that  certificates  for such  securities be issued in the name of, and delivered
to:

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________
                    (Print Name, Address and Social Security
                          or Tax Identification Number)

and, if such number of Shares shall not be all the Shares  covered by the within
Warrant,  that a new Warrant for the balance of the Shares covered by the within
Warrant be registered in the name of, and delivered to, the  undersigned  at the
address stated below.

Dated: ___________
                                                 Name: ________________________
                                                               (Print)

Address:  _________________________________________________________________

                                         ____________________________________
                                         (Signature)

                                         ____________________________________
                                         (Signature Guarantee)

                                         ___________________________
                                         (Signature Guarantee)

                                       8Exhibit 4.5

THIS  WARRANT  AND THE SHARES OF COMMON  STOCK  ISSUABLE  UPON  EXERCISE OF THIS
WARRANT HAVE NOT BEEN  REGISTERED  UNDER THE  SECURITIES ACT OF 1933, AS AMENDED
(THE "ACT") OR APPLICABLE STATE SECURITIES LAWS, AND ARE "RESTRICTED SECURITIES"
AS THAT TERM IS DEFINED  IN RULE 144 UNDER THE ACT.  THE  SECURITIES  MAY NOT BE
OFFERED FOR SALE, SOLD OR OTHERWISE  TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION  STATEMENT UNDER THE ACT AND APPLICABLE  STATE  SECURITIES LAWS, OR
PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREFROM,  THE AVAILABILITY OF WHICH
IS TO BE ESTABLISHED TO THE SATISFACTION OF MOLECULAR DIAGNOSTICS, INC.

                                                                 Warrant No. JD1

                   WARRANT TO PURCHASE SHARES OF COMMON STOCK

                         ISSUE DATE: SEPTEMBER 15, 2004

         This certifies that Jan L. Dorfman or any valid transferee thereof (the
"Holder"),   for  value  received,   is  entitled  to  purchase  from  Molecular
Diagnostics,  Inc., a Delaware  corporation  with its principal  business office
located at 414 North Orleans  Street,  Suite 510,  Chicago,  Illinois 60610 (the
"Company"),  subject to the terms and conditions set forth below, at any time or
from time to time on and after the  Vesting  Date (as  defined  below) set forth
above and  before  3:00 p.m.  (Central  Time) on the  fifth  anniversary  of the
Vesting Date (the "Expiration  Date"),  20,000 shares of Common Stock, $.001 par
value per share, of the Company ("Common  Stock"),  at a purchase price of $0.20
per  share.  The shares  purchasable  upon  exercise  of this  Warrant,  and the
purchase  price per share,  each as adjusted  from time to time  pursuant to the
provisions of this Warrant,  are hereinafter referred to as the "Warrant Shares"
and the "Purchase Price,"  respectively.  As consideration for this Warrant, the
Holder named above agrees to forgive all outstanding indebtedness of the Company
to such named Holder.  The Holder expressly  agrees and  acknowledges  that this
Warrant shall not vest, and shall not be exercisable, in whole or in part, until
such time as the  stockholders  of the Company approve an increase in the number
of  authorized  shares of Common  Stock of the Company and an  amendment  to the
Company's  Certificate of  Incorporation is filed with the Secretary of State of
the State of Delaware to effect such increase (such date, the "Vesting Date").

         1. Exercise.

                  (a) Exercise for Cash. The Holder may, at the Holder's option,
elect to exercise this Warrant, in whole or in part and at any time or from time
to time on or after the Vesting  Date but prior to 3:00 p.m.  (Central  Time) on
the  Expiration  Date,  by  surrendering  this  Warrant,  with the purchase form
appended hereto as Exhibit I duly executed by or on behalf of the Holder, at the
principal  office  of the  Company,  or at such  other  office  or agency as the
Company may  designate,  accompanied  by payment in full, in lawful money of the
United States, of the Purchase Price payable in respect of the number of Warrant
Shares purchased upon such exercise.  In no event shall any such exercise be for
fewer than  10,000  Warrant  Shares  unless  fewer than an  aggregate  of 10,000

<PAGE>

Warrant Shares are then purchasable  under all outstanding  Warrants held by the
Holder.  Payment of the aggregate Purchase Price may be made in cash,  certified
or bank check, or wire transfer of immediately available funds.

                  (b) Cashless Exercise.

                           (i) The Holder may, at the Holder's option,  elect to
exercise this Warrant,  in whole or in part and at any time or from time to time
on or after  the  Vesting  Date but  prior to 3:00  p.m.  (Central  Time) on the
Expiration  Date, on a cashless basis, by  surrendering  this Warrant,  with the
purchase form appended  hereto as Exhibit I duly executed by or on behalf of the
Holder,  at the  principal  office of the  Company,  or at such other  office or
agency as the Company may  designate,  by canceling a portion of this Warrant in
payment of the Purchase Price payable in respect of the number of Warrant Shares
purchased  upon such  exercise.  In the event of an  exercise  pursuant  to this
subsection  1(b),  the number of Warrant  Shares  issued to the Holder  shall be
determined according to the following formula:

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

         Where:  X =    the number of Warrant Shares that shall be issued to the
                        Holder;

                 Y =    the number of Warrant  Shares for which this  Warrant is
                        being exercised  (which shall include both the number of
                        Warrant  Shares  issued to the  Holder and the number of
                        Warrant  Shares  subject to the  portion of the  Warrant
                        being cancelled in payment of the Purchase Price);

                 A =    the Fair Market Value (as defined below) of one share of
                        Common Stock; and

                 B =    the Purchase Price then in effect.

                           (ii) The Fair Market  Value per share of Common Stock
shall be determined as follows:

                                    (1) If  the  Common  Stock  is  listed  on a
national securities exchange,  the Nasdaq National Market or the Nasdaq SmallCap
Market, or another nationally  recognized trading system as of the Exercise Date
(as defined in (c) below), the Fair Market Value per share of Common Stock shall
be deemed to be the average of the highest and lowest  reported  sale prices per
share of Common  Stock  thereon on the trading  day  immediately  preceding  the
Exercise Date ; provided that if no such price is reported on such day, the Fair
Market  Value per share of Common Stock shall be  determined  pursuant to clause
(3).

                                    (2) If the  Common  Stock is not listed on a
national securities exchange,  the Nasdaq National Market or the Nasdaq SmallCap
Market, or another nationally recognized trading system as of the Exercise Date,
but is quoted on the Over-The-Counter  Bulletin Board, the Fair Market Value per
share of Common  Stock  shall be deemed to be the average of the highest bid and

                                      -2-
<PAGE>

lowest asked prices quoted thereon on the trading day immediately  preceding the
Exercise  Date;  provided  that if no price is  reported  on such day,  the Fair
Market  Value per share of Common Stock shall be  determined  pursuant to clause
(3).

                                    (3) If the  Common  Stock is not listed on a
national  securities  exchange,  the Nasdaq National Market, the Nasdaq SmallCap
Market or another nationally  recognized trading system or the  Over-the-Counter
Electronic  Bulletin  Board as of the Exercise  Date,  the Fair Market Value per
share of Common Stock shall be deemed to be the amount most recently  determined
by the Board of  Directors of the Company  (the  "Board") to represent  the fair
market  value per share of the Common  Stock  (including  without  limitation  a
determination  for purposes of granting  Common Stock options or issuing  Common
Stock under any plan,  agreement or arrangement  with employees of the Company);
and, upon request of the Holder, the Board (or a representative  thereof) shall,
as  promptly  as  reasonably  practicable  but in any event  not  later  than 10
business days after such request, notify the Holder of the Fair Market Value per
share of Common Stock.  Notwithstanding the foregoing, if the Board has not made
such a determination  within the three-month  period prior to the Exercise Date,
then (A) the Board shall make,  and shall provide or cause to be provided to the
Holder  notice of, a  determination  of the Fair  Market  Value per share of the
Common Stock  within 15 business  days of a request by the Holder that it do so,
and (B) the exercise of this Warrant  pursuant to this  subsection 1(b) shall be
delayed until such  determination  is made and notice thereof is provided to the
Holder.

                  (c)  Exercise  Date and  Status  as  Holder  of  Shares.  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  subsection  1(a) or 1(b) above (the
"Exercise Date"), which Exercise Date(s) shall not be prior to the Vesting Date.
At such time, the person or persons in whose name or names any  certificates for
Warrant  Shares shall be issuable  upon such  exercise as provided in subsection
1(d) below shall be deemed to have become the holder or holders of record of the
Warrant Shares represented by such certificates.

                  (d) Issuance of Certificates. As soon as practicable after the
exercise  of this  Warrant  in whole  or in part,  and in any  event  within  10
business days thereafter,  the Company, at its expense,  will cause to be issued
in the name of, and delivered to, the Holder,  or as the Holder (upon payment by
the Holder of any applicable transfer taxes) may direct:

                           (i) a certificate or  certificates  for the number of
full  Warrant  Shares to which the Holder shall be entitled  upon such  exercise
plus,  in lieu of any  fractional  share to which the Holder would  otherwise be
entitled, cash in an amount determined pursuant to Section 3 hereof; and

                           (ii) 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 Warrant  Shares equal
(without  giving effect to any adjustment  therein) to the number of such shares
called for on the face of this  Warrant  minus the number of Warrant  Shares for
which this Warrant was so exercised  (which, in the case of an exercise pursuant
to subsection  1(b),  shall include both the number of Warrant  Shares issued to

                                      -3-
<PAGE>

the Holder  pursuant to such partial  exercise and the number of Warrant  Shares
subject to the portion of the Warrant being cancelled in payment of the Purchase
Price).

                  (e) Warrant  Shares.  The Warrant  Shares issued upon any such
exercise of this Warrant shall be validly issued, fully paid and non-assessable.

2. Adjustments.

                  (a)  Adjustment  for Stock  Splits  and  Combinations.  If the
Company shall at any time or from time to time after the Issue Date as set forth
on the first page hereof (or, if this Warrant was issued upon  partial  exercise
of, or in replacement of, another warrant of like tenor,  then the date on which
such original  warrant was first issued)  (either such date being referred to as
the "Original Issue Date") effect a subdivision of the outstanding Common Stock,
the Purchase Price then in effect  immediately  before that subdivision shall be
proportionately decreased. If the Company shall at any time or from time to time
after the Original  Issue Date combine the  outstanding  shares of Common Stock,
the Purchase Price then in effect  immediately  before the combination  shall be
proportionately  increased.  Any adjustment  under this  paragraph  shall become
effective at the close of business on the date the  subdivision  or  combination
becomes effective.

                  (b) Adjustment for Certain Dividends and Distributions. In the
event the Company at any time or from time to time after the Original Issue Date
shall make or issue,  or fix a record date for the  determination  of holders of
Common Stock entitled to receive,  a dividend or other  distribution  payable in
additional  shares of Common  Stock,  then and in each such  event the  Purchase
Price then in effect  immediately before such event shall be decreased as of the
time of such issuance or, in the event such a record date shall have been fixed,
as of the close of business on such record  date,  by  multiplying  the Purchase
Price then in effect by a fraction:

                           (1) the  numerator of which shall be the total number
of shares of Common Stock issued and outstanding  immediately  prior to the time
of such issuance or the close of business on such record date, and

                           (2) the  denominator  of  which  shall  be the  total
number of shares of Common Stock issued and outstanding immediately prior to the
time of such  issuance  or the close of  business  on such  record date plus the
number of shares of  Common  Stock  issuable  in  payment  of such  dividend  or
distribution;

provided,  however,  that if such  record  date  shall  have been fixed and such
dividend is not fully paid or if such distribution is not fully made on the date
fixed  therefor,  the Purchase  Price shall be recomputed  accordingly as of the
close of business on such record date and thereafter the Purchase Price shall be
adjusted  pursuant to this  paragraph  as of the time of actual  payment of such
dividends or distributions.

                  (c)  Adjustment  in  Number  of  Warrant   Shares.   When  any
adjustment is required to be made in the Purchase  Price pursuant to subsections
2(a) or 2(b), the number of Warrant Shares purchasable upon the exercise of this
Warrant  shall be changed to the number  determined  by  dividing  (i) an amount
equal to the  number  of  shares  issuable  upon the  exercise  of this  Warrant

                                      -4-
<PAGE>

immediately prior to such adjustment, multiplied by the Purchase Price in effect
immediately  prior to such  adjustment,  by (ii) the  Purchase  Price in  effect
immediately after such adjustment.

                  (d) Adjustments for Other Dividends and Distributions.  In the
event the Company at any time or from time to time after the Original Issue Date
shall make or issue,  or fix a record date for the  determination  of holders of
Common Stock entitled to receive,  a dividend or other  distribution  payable in
securities  of the Company  (other  than  shares of Common  Stock) or in cash or
other property (other than regular cash dividends paid out of earnings or earned
surplus,   determined  in  accordance   with   generally   accepted   accounting
principles),  then and in each such  event  provision  shall be made so that the
Holder shall receive upon exercise  hereof,  in addition to the number of shares
of Common Stock  issuable  hereunder,  the kind and amount of  securities of the
Company,  cash or other  property  which the Holder would have been  entitled to
receive had this  Warrant  been  exercised on the date of such event and had the
Holder  thereafter,  during  the  period  from  the  date of such  event  to and
including the Exercise Date, retained any such securities receivable during such
period,  giving  application  to all  adjustments  called for during such period
under this Section 2 with respect to the rights of the Holder.

                  (e)  Adjustment for  Reorganization.  If there shall occur any
reorganization,  recapitalization,  reclassification,  consolidation  or  merger
involving  the Company in which the Common Stock is converted  into or exchanged
for  securities,  cash or other  property  (other than a transaction  covered by
subsections  2(a),  2(b) or  2(d))  (collectively,  a  "Reorganization"),  then,
following such Reorganization, the Holder shall receive upon exercise hereof the
kind and amount of  securities,  cash or other  property  which the Holder would
have been entitled to receive pursuant to such  Reorganization  if such exercise
had taken  place  immediately  prior to such  Reorganization.  In any such case,
appropriate  adjustment (as determined in good faith by the Board) shall be made
in the application of the provisions set forth herein with respect to the rights
and interests thereafter of the Holder, to the end that the provisions set forth
in this  Section 2  (including  provisions  with respect to changes in and other
adjustments of the Purchase Price) shall thereafter be applicable,  as nearly as
reasonably  may be,  in  relation  to any  securities,  cash or  other  property
thereafter deliverable upon the exercise of this Warrant.

                  (f) Certificate as to Adjustments. Upon the occurrence of each
adjustment or readjustment of the Purchase Price pursuant to this Section 2, the
Company at its expense shall,  as promptly as reasonably  practicable but in any
event not later than 10 business  days  thereafter,  compute such  adjustment or
readjustment  in  accordance  with the terms  hereof and furnish to the Holder a
certificate  setting forth such adjustment or  readjustment  (including the kind
and amount of securities, cash or other property for which this Warrant shall be
exercisable  and the Purchase Price) and the facts upon which such adjustment or
readjustment is based. The Company shall, as promptly as reasonably  practicable
after the written  request at any time of the Holder (but in any event not later
than 10  business  days  thereafter),  furnish or cause to be  furnished  to the
Holder a  certificate  setting  forth (i) the Purchase  Price then in effect and
(ii) the  number  of shares of Common  Stock and the  amount,  if any,  of other
securities,  cash or property  which then would be received upon the exercise of
this Warrant.

                                      -5-
<PAGE>

                  (g) No  Adjustments  in Certain  Cases.  No  adjustment in the
number of Warrant Shares purchasable  pursuant to this Warrant shall be required
unless the  adjustment  would  require an  increase  or decrease of at least one
percent  (1.0%) in the  number  of  Warrant  Shares  then  purchasable  upon the
exercise  of this  Warrant.  Except  as  provided  in this  Section  2, no other
adjustments in the number, kind or price of shares  constituting  Warrant Shares
shall be made during the term, or upon the exercise,  of this Warrant.  Further,
no  adjustments  shall be made  pursuant to this Section 2 hereof in  connection
with the grant or exercise of presently  authorized  or  outstanding  options to
purchase,  or the  issuance  of shares  of Common  Stock  under,  the  Company's
director or employee benefit or option plans.

                  (h) Treasury Stock.  For purposes of this Section 2, shares of
Common Stock owned or held at any  relevant  time by, or for the account of, the
Company, in its treasury or otherwise, shall not be deemed to be outstanding for
purposes of the calculations and adjustments herein described.

         3.  Fractional  Shares.  The  Company  shall not be  required  upon the
exercise of this Warrant to issue any fractional  shares,  but shall pay in cash
to the Holder an amount  equal to such  fraction  multiplied  by the Fair Market
Value per share of Common  Stock,  as  determined  pursuant to  subsection  1(b)
above.

         4.  Investment  Representations.  The  initial  Holder  represents  and
warrants to the Company as follows:

                  (a) Investment.  The Holder is acquiring this Warrant, and (if
and when such Holder  exercises  this Warrant) will acquire the Warrant  Shares,
for such Holder's own account for investment and not with a view to, or for sale
in connection with, any distribution  thereof, nor with any present intention of
distributing  or selling the same; and the Holder has no present or contemplated
agreement,  undertaking,  arrangement,  obligation,  indebtedness  or commitment
providing for the disposition thereof.

                  (b)  Accredited   Investor.   The  Holder  is  an  "accredited
investor" as defined in Rule 501(a) under the Act.

                  (c)  Experience.  The Holder has made such inquiry  concerning
the Company and its business and personnel as the Holder has deemed appropriate;
and the Holder has  sufficient  knowledge and experience in finance and business
that the Holder is capable of  evaluating  the risks and merits of an investment
in the Company.

         5. Transfers, etc.

                  (a) This  Warrant and the Warrant  Shares shall not be sold or
transferred  unless either (i) they first shall have been  registered  under the
Act and any applicable  state  securities  laws, or (ii) the Company first shall
have been  furnished  with an  opinion  of legal  counsel,  satisfactory  to the
Company,  to  the  effect  that  such  sale  or  transfer  is  exempt  from  the
registration requirements of the Act and any applicable state securities laws.

                  (b) Each certificate  representing Warrant Shares shall bear a
legend substantially in the following form:

                                      -6-
<PAGE>

                           "The securities  represented by this certificate have
                           not been registered under the Securities Act of 1933,
                           as amended, or any state securities laws, and may not
                           be offered, sold or otherwise transferred, pledged or
                           hypothecated  unless  and until such  securities  are
                           registered   under  such  act  and  applicable  state
                           securities laws or an opinion of counsel satisfactory
                           to the  Company is  obtained  to the effect that such
                           registration is not required."

         The   foregoing   legend  shall  be  removed   from  the   certificates
representing any Warrant Shares,  at the request of the holder thereof,  at such
time as they become eligible for resale pursuant to Rule 144(k) under the Act.

                  (c) The Company will maintain a register  containing  the name
and address of the Holder of this  Warrant.  The Holder may change the  Holder's
address  as shown on the  warrant  register  by  written  notice to the  Company
requesting such change.

                  (d) Subject to the  provisions  of clauses (a) and (b) of this
Section 5, this Warrant and all rights hereunder are  transferable,  in whole or
in part, upon surrender of this Warrant with a properly executed  assignment (in
the form of Exhibit II hereto) at the  principal  office of the Company  (or, if
another  office or agency has been  designated  by the Company for such purpose,
then at such other office or agency).  Upon the  presentation  and  surrender of
such  items to the  Company,  the  Company  shall  execute  and  deliver  to the
transferee or transferees of this Warrant a new Warrant or Warrants, in the name
of the transferee or transferees named in the assignment, and this Warrant shall
at that time be canceled to the extent transferred.

         6. No Impairment; Adjustment of Par Value.

                  (a) The  Company  will not,  by  amendment  of its  charter or
through  any  reorganization,   transfer  of  assets,   consolidation,   merger,
dissolution, issue or sale of securities or any other voluntary action, avoid or
seek to avoid the observance or performance of any of the terms of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms
and in the taking of all such action as may be necessary or appropriate in order
to protect the rights of the Holder against impairment.

                  (b) Before  taking any action that would  cause an  adjustment
reducing the Purchase  Price per share below the then par value of the shares of
Warrant Shares issuable upon exercise of the Warrant,  the Company will take any
corporate action that may be necessary in order that the Company may validly and
legally  issue fully paid and  non-assessable  shares of such Warrant  Shares at
such adjusted price.

         7. Record Date, etc. In the event:

                  (a) the  Company  shall  take a record of the  holders  of its
Common  Stock (or other stock or  securities  at the time  deliverable  upon the
exercise of this  Warrant)  for the  purpose of  entitling  or enabling  them to
receive any dividend or other distribution, or to receive any right to subscribe
for or purchase any shares of stock of any class or any other securities,  or to
receive any other right; or

                                      -7-
<PAGE>

                  (b)  of  any  capital   reorganization  of  the  Company,  any
reclassification of the Common Stock of the Company, any consolidation or merger
of the Company with or into another  corporation  (other than a consolidation or
merger in which the Company is the surviving  entity and its Common Stock is not
converted  into or  exchanged  for any other  securities  or  property),  or any
transfer of all or substantially all of the assets of the Company; or

                  (c) of the voluntary or involuntary  dissolution,  liquidation
or winding-up of the Company,

then,  and in each such case,  the Company  will send or cause to be sent to the
Holder a notice  specifying,  as the case may be, (i) the  record  date for such
dividend,  distribution or right, and the amount and character of such dividend,
distribution or right, or (ii) the effective date on which such  reorganization,
reclassification,  consolidation,  merger, transfer, dissolution, liquidation or
winding-up is to take place,  and the time,  if any is to be fixed,  as of which
the holders of record of Common Stock (or such other stock or  securities at the
time  deliverable  upon the  exercise  of this  Warrant)  shall be  entitled  to
exchange  their shares of Common Stock (or such other stock or  securities)  for
securities   or   other   property   deliverable   upon   such   reorganization,
reclassification,  consolidation,  merger, transfer, dissolution, liquidation or
winding-up.  Such notice shall be sent at least 10 days prior to the record date
or effective date for the event specified in such notice.

         8.  Acknowledgment  and  Reservation  of Stock.  Commencing the Vesting
Date,  the  Company  will at all times  reserve and keep  available,  solely for
issuance and delivery upon the exercise of this Warrant,  such number of Warrant
Shares and other securities, cash and/or property, as from time to time shall be
issuable  upon the exercise of this  Warrant.  The Holder  expressly  agrees and
acknowledges  that the  Company  currently  does not  have  for  reservation  or
issuance upon exercise of this Warrant a sufficient  number of authorized shares
of its Common Stock.

         9. Exchange or Replacement of Warrants.

                  (a) Upon the surrender by the Holder,  properly  endorsed,  to
the Company at the principal office of the Company, the Company will, subject to
the  provisions  of Section 5 hereof,  issue and deliver to or upon the order of
the Holder, at the Company's  expense,  a new Warrant or Warrants of like tenor,
in the name of the  Holder or as the Holder  (upon  payment by the Holder of any
applicable  transfer taxes) may direct,  calling in the aggregate on the face or
faces  thereof  for the number of shares of Common  Stock (or other  securities,
cash and/or property) then issuable upon exercise of this Warrant.

                  (b) 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.

         10. Notices.  All notices and other  communications from the Company to
the Holder in  connection  herewith  shall be mailed by certified or  registered
mail,  postage prepaid,  or sent via a reputable  nationwide  overnight  courier
service  guaranteeing next business day delivery,  to the address last furnished

                                      -8-
<PAGE>

to the  Company in writing by the Holder.  All notices and other  communications
from the  Holder  to the  Company  in  connection  herewith  shall be  mailed by
certified  or  registered  mail,  postage  prepaid,  or  sent  via  a  reputable
nationwide overnight courier service guaranteeing next business day delivery, to
the Company at its principal  office set forth above.  If the Company  should at
any time change the  location of its  principal  office to a place other than as
set  forth  below,  it shall  give  prompt  written  notice  to the  Holder  and
thereafter  all  references  in this  Warrant to the  location of its  principal
office at the particular time shall be as so specified in such notice.  All such
notices and  communications  shall be deemed  delivered (i) three  business days
after being sent by certified or  registered  mail,  return  receipt  requested,
postage  prepaid,  or (ii) one  business  day after  being sent via a  reputable
nationwide overnight courier service guaranteeing next business day delivery.

         11.  No Rights as  Stockholder;  No  Liability.  No  provision  of this
Warrant  shall be construed as  conferring  upon the Holder  hereof the right to
vote or to consent or to receive dividends or to receive notice as a stockholder
in respect of meetings of  stockholders  for the  election of  directors  of the
Company or any other matter  whatsoever as a stockholder of the Company.  In the
absence of affirmative  action by the Holder hereof to purchase shares of Common
Stock,  no provision  hereof shall give rise to any liability of such Holder for
the purchase price or as a stockholder of the Company, whether such liability is
asserted by the Company or by creditors of the Company.

         12. Payment of Taxes. The Company will pay all documentary stamp taxes,
if any,  attributable  to the initial  issuance of this Warrant or the shares of
Common Stock comprising the Warrant Shares; provided, however, the Company shall
not be required to pay any tax that may be payable in respect of any transfer of
this Warrant or Warrant Shares.

         13.  Amendment  or Waiver.  Any term of this  Warrant may be amended or
waived  only by an  instrument  in  writing  signed by the party  against  which
enforcement of the change or waiver is sought. No waivers of any term, condition
or provision of this Warrant,  in any one or more instances,  shall be deemed to
be, or construed as, a further or continuing waiver of any such term,  condition
or provision.

         14. Section Headings.  The section headings in this Warrant are for the
convenience of the parties and in no way alter, modify, amend, limit or restrict
the contractual obligations of the parties.

         15.  Severability.  If any  provision  of this  Warrant  shall  be held
invalid,   illegal   or   unenforceable,    such   invalidity,   illegality   or
unenforceability  shall not affect any other  provision  of this Warrant and, to
this end, the provisions hereof are severable.

         16.  Assignment.  This  warrant  shall be binding upon and inure to the
benefit  of  the   parties   hereto  and  their   respective   heirs,   personal
representatives, successors and permitted assigns.

         17.  Governing  Law.  This Warrant will be governed by and construed in
accordance with the internal laws of the State of Illinois (without reference to
the conflicts of law provisions thereof).

                                      -9-
<PAGE>

         18.  Facsimile  Signatures.  This  Warrant may be executed by facsimile
signature.

         EXECUTED as of the Issue Date indicated above.

                                           MOLECULAR DIAGNOSTICS, INC.

                                           By:________________________________

                                           Title:_____________________________

ATTEST:

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

                                      -10-
<PAGE>

                                                                       EXHIBIT I

                                  PURCHASE FORM

To:_________________                                          Dated:____________

         The  undersigned,  pursuant to the provisions set forth in the attached
Warrant (No. ___), hereby elects to purchase (check applicable box):

                  ____ shares of the Common Stock of Molecular Diagnostics, Inc.
by such Warrant; or

                  the maximum  number of shares of Common Stock  covered by such
Warrant  pursuant to the cashless  exercise  procedure  set forth in  subsection
1(b).

         The  undersigned  herewith makes payment of the full purchase price for
such shares at the price per share  provided for in such  Warrant.  Such payment
takes the form of (check applicable box or boxes):

                  $______ in lawful money of the United States; and/or

                  the cancellation of such portion of the attached Warrant as is
                  exercisable  for a total of _____ Warrant Shares (using a Fair
                  Market  Value  of  $_____  per  share  for  purposes  of  this
                  calculation) ; and/or

                  the  cancellation  of such  number  of  Warrant  Shares  as is
                  necessary,  in  accordance  with  the  formula  set  forth  in
                  subsection  1(b), to exercise this Warrant with respect to the
                  maximum number of Warrant Shares  purchasable  pursuant to the
                  cashless exercise procedure set forth in subsection 1(b).

                                          Signature:
                                                     ----------------------

                                          Address:
                                                    -----------------------

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

                                      -11-
<PAGE>

                                                                      EXHIBIT II

                                 ASSIGNMENT FORM

         FOR  VALUE  RECEIVED,  ________________________________________  hereby
sells,  assigns and  transfers  all of the rights of the  undersigned  under the
attached Warrant (No. ____) with respect to the number of shares of Common Stock
of Molecular Diagnostics, Inc. covered thereby set forth below, unto:

Name of Assignee               Address                     No. of Shares
----------------               -------                     -------------

Dated:_____________________                    Signature:_______________________

Signature Guaranteed:

By: _______________________

The signature should be guaranteed by an eligible guarantor  institution (banks,
stockbrokers, savings and loan associations and credit unions with membership in
an approved  signature  guarantee  medallion  program)  pursuant to Rule 17Ad-15
under the Securities Exchange Act of 1934, as amended.

                                      -12-

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