Document:

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                                                                   EXHIBIT 10.32

                                 [FORM OF NOTE]

THE SECURITY REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR QUALIFIED UNDER
ANY STATE SECURITIES LAWS AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED
OF EXCEPT WHILE A REGISTRATION STATEMENT IS IN EFFECT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS. THE HOLDER OF THIS SECURITY IS SUBJECT TO THE TERMS OF
THE PURCHASE AGREEMENT, DATED AS OF DECEMBER 31, 2004 (THE "PURCHASE
AGREEMENT"), AMONG TERREMARK WORLDWIDE, INC. (THE "COMPANY"), THE GUARANTORS
NAMED THEREIN, THE AGENT NAMED THEREIN AND THE PURCHASERS NAMED THEREIN. A COPY
OF SUCH PURCHASE AGREEMENT IS AVAILABLE AT THE OFFICES OF THE COMPANY.

FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED, AND THE RULES AND REGULATIONS THEREUNDER, THIS NOTE IS BEING
ISSUED WITH ORIGINAL ISSUE DISCOUNT; FOR EACH $1,000 PRINCIPAL AMOUNT OF THIS
NOTE, (1) THE ISSUE PRICE IS $939.36; (2) THE AMOUNT OF THE ORIGINAL ISSUE
DISCOUNT IS $224.07; (3) THE ISSUE DATE IS DECEMBER 31, 2004; AND (4) THE YIELD
TO MATURITY IS 14.42% (COMPOUNDED QUARTERLY).

                          SENIOR SECURED NOTES DUE 2009

                                                                     $__________

No. __________

                  Terremark Worldwide, Inc., a corporation duly organized and
existing under the laws of Delaware (herein called the "Company," which term
includes any successor Person under the Purchase Agreement), for value received,
hereby promises to pay to [ ], or registered assigns, the principal sum of $[ ]
Dollars (as such amount may be increased from time to time in accordance with
Paragraph 2 on the reverse of this Note) on March 10, 2009 (the "STATED
MATURITY").

                  Reference is hereby made to the further provisions of this
Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place.

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                  IN WITNESS WHEREOF, the Company has caused this instrument to
be duly executed.

Dated:  December   , 2004

                                       TERREMARK WORLDWIDE, INC.

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

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                            [Form of Reverse of Note]

                  1. GENERAL. This Note is one of a duly authorized issue of
Notes of the Company designated as its Senior Secured Notes due 2009 (herein
called the "NOTES"), limited in aggregate principal amount to the sum of (a)
$30,000,000 and (b) the amount of interest which, in accordance with the terms
of Paragraph 2 below, may be capitalized and added to the principal amount of
the Notes, in each case, issued pursuant to the Purchase Agreement, dated as of
December 31, 2004 (herein called the "PURCHASE AGREEMENT"), among the Company,
the Guarantors named therein, the Agent named therein and the Purchasers named
therein, to which Purchase Agreement and all amendments thereto reference is
hereby made for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company and the Noteholders and of the
terms upon which the Notes are, and are to be, issued and delivered.

                  Principal on this Note shall be payable only against surrender
therefor, while payments of interest on this Note shall be made, in accordance
with the Purchase Agreement and subject to applicable laws and regulations, by
check mailed on or before the due date for such payment to the person entitled
thereto at such person's address appearing on the Security Register or, by wire
transfer to such account as any Noteholder shall designate by written
instructions received by the Company no less than 15 days prior to any
applicable Interest Payment Date, which wire instruction shall continue in
effect until such time as the Noteholder otherwise notifies the Company or such
Noteholder no longer is the registered owner of this Note.

                  2. INTEREST. The Company promises to pay interest on the
principal amount of this Note from the date of issuance of this Note (or any
Predecessor Note) or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, quarterly in arrears on March 30,
June 30, September 30 and December 30 in each year commencing March 30, 2005
(each, an "INTEREST PAYMENT DATE") and at Stated Maturity at the Applicable
Rate, until the principal hereof is paid; PROVIDED, HOWEVER, that if any
Interest Payment Date falls on a date which is not a Business Day, interest due
on such Interest Payment Date shall be paid on the Business Day immediately
following such Interest Payment Date, PROVIDED, FURTHER, that such interest
payment shall not include any interest accruing after such Interest Payment
Date. On each such Interest Payment Date occurring during the period during
which the Applicable Rate shall equal the Standard Rate the Company may, at its
option and in its sole discretion, in lieu of the payment in whole or in part of
interest due on this Note which is in excess of 9 7/8% (other than default
interest as described below), pay such amount in excess of 9 7/8% (and only such
excess amount) on this Note by adding such amount to the principal amount of
this Note on such Interest Payment Date. If the Company elects to pay a portion
of the interest due on this Note through an increase in the principal amount of
this Note as provided in the immediately preceding sentence, the Company shall,
within five (5) Business Days of each relevant Interest Payment Date, deliver to
the Noteholder of this Note written notice of such election, which notice shall
also state the amount of interest so added to the principal of this Note and the
new principal amount of this Note. Notwithstanding the foregoing, if at any time
the Applicable Rate shall have converted from the Standard Rate to the Reduced
Rate in accordance with the terms of this Note then (i) interest on this Note
shall accrue and be paid entirely in cash (and no interest shall thereafter be
added to the principal amount of this Notes) and (ii) all interest which shall
have been added to the principal amount of this Note on or prior to such time
shall be paid to the

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holder hereof in cash in equal consecutive quarterly installments, payable over
that number of successive Interest Payment Dates which equals the number of
Interest Payment Dates which shall have occurred since the Closing Time and
prior to the date of conversion of the Applicable Rate. If as a result of any
Intervening Noncompliance Event (as defined below), the Applicable Rate shall
revert to the Standard Rate, then the Standard Rate shall once again be applied
retroactively to the Closing Time; PROVIDED that no Noteholder shall be required
to return any interest payments made in cash as a result of the Applicable Rate
converting from the Standard Rate to the Reduced Rate, but the Company shall be
deemed to have paid such interest in cash as so paid.

                  "APPLICABLE RATE" means initially 13.5% per annum (the
"STANDARD RATE"); PROVIDED, HOWEVER, that if (and only if) the Company's Total
Leverage Ratio as of the last day of any fiscal quarter of the Company ending
after the Closing Time and on or prior to December 31, 2005 (the "FINAL TEST
QUARTER") shall be equal to or less than 1.75 to 1.0, then the Applicable Rate
shall equal 12.5% per annum (the "REDUCED RATE") and such Reduced Rate shall
apply retroactively to all interest accruing from the Closing Time; PROVIDED,
HOWEVER, if following conversion to the Reduced Rate, the Total Leverage Ratio
as of the last day of any subsequent fiscal quarter through and including the
Final Test Quarter shall be greater than 1.75 to 1.0 (an "INTERVENING
NONCOMPLIANCE EVENT") then the Reduced Rate shall be retroactively converted
back to the Standard Rate.

                  To the extent that the payment of such interest shall be
legally enforceable, any principal of, or premium or installment of interest on,
this Note which is overdue shall bear interest at the rate of 2% per annum in
excess of the rate of interest then borne by the Notes ("DEFAULT INTEREST") from
the date such amounts are due until they are paid, and the entire amount of such
default interest shall be payable in cash.

                  Interest on this Note shall be computed on the basis of a
360-day year of twelve 30-day months.

                  All interest payable, on any Interest Payment Date will, as
provided in the Purchase Agreement, be paid to the Person in whose name this
Note (or one or more Predecessor Notes) is registered at the close of business
on the "REGULAR RECORD DATE" for such interest, which shall be the fifteenth
calendar day (whether or not a Business Day) immediately preceding such Interest
Payment Date. Notwithstanding the foregoing, if this Note is issued after a
Regular Record Date and prior to an Interest Payment Date, the record date for
such Interest Payment Date shall be the original issue date.

                  3. REDEMPTION. The Company may, at its option, redeem the
Notes, in whole or in part at any time commencing December 31, 2005 through and
including Stated Maturity at a Redemption Price as set forth below plus accrued
and unpaid interest, if any, to the Redemption Date:

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         Period Commencing:                                 Redemption Price
         -----------------                                  ----------------
         December 31, 2005                                      115.0%
         December 31, 2006                                      107.5%
         June 30, 2007                                          105.0%
         December 31, 2007                                      102.25%
         June 30, 2008 and thereafter                           100.0%

                  4. PROCEDURES FOR REDEMPTION. If less than all the Notes are
to be redeemed, the Notes shall be redeemed PRO RATA from each Noteholder.

                  In the event of redemption or purchase pursuant to an offer to
purchase this Note in part only, a new Note or Notes for the unredeemed or
unpurchased portion hereof will be issued in the name of the Noteholder hereof
upon the cancellation hereof.

                  5. EVENTS OF DEFAULT. If an Event of Default shall occur and
be continuing, the principal of all the Notes may be declared due and payable in
the manner and with the effect provided in the Purchase Agreement.

                  6. OFFERS TO PURCHASE NOTES. The Purchase Agreement provides
that, subject to certain conditions, if (i) certain Excess Proceeds are
available to the Company as a result of Asset Sales or (ii) a Change of Control
occurs, the Company shall be required to make an offer to purchase all or a
specified portion of the Notes as provided for in the Purchase Agreement.

                  7. AMENDMENTS, MODIFICATIONS AND WAIVERS. The Purchase
Agreement permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the rights and obligations of the Company and
certain rights of the Noteholders under the Purchase Agreement at any time by
the Company with the consent of the holders of a majority in aggregate principal
amount of the Notes at the time outstanding. The Purchase Agreement also
contains provisions permitting the Noteholders of specified percentages in the
aggregate principal amount of the Notes at the time outstanding, on behalf of
the Noteholders of all the Notes, to waive compliance by the Company with
certain provisions of the Agreement and certain past defaults under the
Agreement and their consequences. Any such consent or waiver by the holder of
this Note shall be conclusive and binding upon such Noteholder and upon all
future Noteholders and of any Note issued upon the registration of transfer
hereof or in exchange herefor or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Note.

                  8. REGISTRATION OF TRANSFER. As provided in the Purchase
Agreement and subject to certain limitations therein set forth, the transfer of
this Note is registrable in the Security Register, upon surrender of this Note
for registration of transfer at the principal offices of the Company, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company duly executed by, the holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Notes, of authorized
denominations and for the same aggregate principal amount, will be issued to the
designated transferee or transferees.

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                  The Notes are issuable only in registered form without coupons
in denominations authorized under the Purchase Agreement. As provided in the
Purchase Agreement and subject to certain limitations therein set forth, Notes
are exchangeable for a like aggregate principal amount of Notes of a different
authorized denomination, as requested by the Noteholder surrendering the same.

                  No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to
cover any Tax or other governmental charge payable in connection therewith.

                  Prior to due presentment of this Note for registration of
transfer, the Company and any agent of the Company may treat the Person in whose
name this Note is registered as the owner hereof for all purposes, whether or
not this Note be overdue, and neither the Company nor any such agent shall be
affected by notice to the contrary.

                  9. MISCELLANEOUS. All terms used in this Note which are
defined in the Agreement shall have the meanings assigned to them in the
Purchase Agreement. The Company and the Noteholder agree that, unless otherwise
required by law or the good faith resolution of an examination or audit by the
Internal Revenue Service, they shall treat the Notes as not subject to the
provisions of Treasury Regulation 1.1275-4.

                  THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW
YORK, EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD
REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE.

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                       OPTION OF HOLDER TO ELECT PURCHASE

                  If you want to elect to have this Note purchased in its
entirety by the Company pursuant to Section 7.08 or 7.09 of the Purchase
Agreement, check the box:

                  If you want to elect to have only a part of the principal
amount of this Note purchased by the Company pursuant to Section 7.08 or 7.09 of
the Purchase Agreement, state the portion of such amount:
$__________.

Dated:                     Your Signature: _____________________________________
                           (Sign exactly as name appears on the other side of
                           this Note)

Signature Guarantee:
                           _____________________________________________________
                           (Signature must be guaranteed by a financial
                           institution that is a member of the Securities
                           Transfer Agent Medallion Program ("STAMP"), the
                           Stock Exchange Medallion Program ("SEMP"), the New
                           York Stock Exchange, Inc. Medallion Signature
                           Program ("MSP") or such other signature guarantee
                           program as may be determined by the Security
                           Registrar in addition to, or in substitution for,
                           STAMP, SEMP or MSP, all in accordance with the
                           Securities Exchange Act of 1934, as amended.)

                                       7<PAGE>

                                                                    EXHIBIT 4.15

                                     WARRANT

THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933 (THE "ACT") OR APPLICABLE STATE SECURITIES LAWS, AND THE
TRANSFER THEREOF IS PROHIBITED EXCEPT IN ACCORDANCE WITH THE PROVISIONS THE ACT,
PURSUANT TO REGISTRATION UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION. HEDGING TRANSACTIONS
INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE
ACT.

               WARRANT TO PURCHASE 100,000 SHARES OF COMMON STOCK
                                       OF
                           SINOFRESH HEALTHCARE, INC.
                  ORIGINAL DATE OF ISSUANCE: September 8, 2003
                                    NO. _____

      This certifies that, Bristol Investment Partners I or their assignees (the
"Holder"), is entitled, subject to the terms set forth below, to purchase from
SinoFresh HealthCare, Inc., a Florida corporation (the "Company"), one hundred
thousand (100,000) shares of Common Stock of the Company, no par value per share
(the "Warrant Shares"), as constituted on the date hereof (the "Warrant Issue
Date"), upon surrender hereof, at the principal office of the Company referred
to below, with the subscription form attached hereto duly executed, and
simultaneous payment therefor in lawful money of the United States or otherwise
as hereinafter provided, at the exercise price as set forth in Section 2 below
(the "Exercise Price"). The number, character and Exercise Price of the Warrant
Shares is subject to adjustment as provided below. The term "Warrant" as used
herein shall include this Warrant and any warrants delivered in substitution or
exchange therefor as provided herein.

      This Warrant is issued as a replacement for a warrant for 100,000 shares
of common stick issued by the Company as of September 8, 2003. Such prior
warrant is null and void. (Such prior warrant was issued as a replacement for a
warrant issued by SinoFresh HealthCare, Inc., a Delaware corporation, in the
amount of 200,000 shares at an exercise price of $0.50 per share, which warrant
is also null and void.)

      1. Term of Warrant. The purchase right represented by this Warrant shall
terminate on or before 5:30 p.m., Pacific Time, on the date four (4) years from
the date of this Warrant (the "Expiration Date").

      2. Exercise Price. The Exercise Price at which this Warrant may be
exercised shall be One Dollar ($1.00) per share of Common Stock.

      3. Exercise of Warrant. There is no obligation to exercise all or any
portion of the Warrant. The Warrant (or any portion thereof) may be exercised at
any time after the date hereof only by delivery to the Company of:

            (a) Written notice of exercise in form and substance identical to
Exhibit A attached to this Warrant; and

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            (b) Payment of the Exercise Price of the Warrant Shares being
purchased, may be made by (1) cash or by check, (2) cancellation of indebtedness
of the Company to the Holder equal to the Exercise Price, (3) a cashless
exercise procedure pursuant to a formula ("Formula Cashless Exercise"), or (4)
any combination of the foregoing. In the event of a Formula Cashless Exercise,
the Holder shall surrender this Warrant to the Company with a written notice of
the Holder's intention to effect a cashless exercise, including a calculation of
the number of shares of Common Stock to be issued upon such exercise in
accordance with the terms hereof; and, in lieu of paying the Exercise Price in
cash, the Holder shall surrender this Warrant for that number of shares of
Common Stock determined by multiplying the number of Warrant Shares to which it
would otherwise be entitled by a fraction, the numerator of which shall be the
difference between (i) the average Market Price per share of the Common Stock
for the five (5) Trading Days immediately prior to the date of delivery of the
cashless exercise notice to the Company (the "Cashless Exercise Market Price")
and (ii) the Exercise Price, and the denominator of which shall be the Cashless
Exercise Market Price. As used herein, "Market Price" means, as of any Trading
Day, (i) the closing bid price for the shares of Common Stock on the NASD OTC
Bulletin Board ("OTCBB") as reported by Bloomberg, or (ii) if the OTCBB is not
the principal trading market for the shares of Common Stock, the closing bid
price on the principal trading market for the Common Stock as reported by
Bloomberg, or (iii) if market value cannot be calculated as of such date on any
of the foregoing basis, the Market Price shall be the fair market value as
reasonably determined in good faith by the Company and the Holder. If the
parties are unable to agree on the value of the Warrants, their value will be
determined by arbitration in accordance with the rules of the American
Arbitration Association and judgment upon the award entered by the arbitrators
may be entered in any court having jurisdiction. Each party will pay its own
costs in connection with the arbitration, and the cost of the arbitration itself
will be borne equally by the parties. As used herein, a "Trading Day" shall mean
any day on which the Common Stock is traded for any period on the OTCBB, or on
the principal securities exchange or other securities market on which the Common
Stock is then being traded.

      4. No Fractional Shares or Scrip. No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of this
Warrant. In lieu of any fractional share to which the Holder would otherwise be
entitled, the Company shall make a cash payment equal to the Exercise Price
multiplied by such fraction.

      5. Replacement of Warrant. On 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, on delivery of an indemnity
agreement reasonably satisfactory in form and substance to the Company or, in
the case of mutilation, on surrender and cancellation of this Warrant, the
Company at its expense shall execute and deliver, in lieu of this Warrant, a new
warrant of like tenor and amount.

      6. Rights of Shareholders. Except as otherwise provided herein, this
Warrant shall not entitle its Holder to any of the rights of a shareholder of
the Company.

      7. Transfer of Warrant.

            (a) Restrictions on transfer of Warrant. This Warrant may be
transferred or assigned in whole or in part. The Warrant may be transferred in
whole or in part to an employee, affiliate, or person controlling or controlled
by or under the common control with the Holder or by operation of law as the
result of the death or divorce of any transferee to whom the Warrants may have
been transferred.

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            (b) Exchange of Warrant Upon a Transfer. On surrender of this
Warrant for exchange and subject to the provisions of this Warrant with respect
to compliance with the limitations on transfers contained in this Section 7, the
Company at its expense shall issue to or on the order of the Holder a new
warrant or warrants of like tenor, in such names as the Holder may direct, for
the number of shares issuable upon exercise hereof.

      8. Reservation of Stock. The Company covenants that during the term this
Warrant is exercisable, the Company will reserve from its authorized and
unissued Common Stock a sufficient number of shares to provide for the issuance
of Common Stock upon the exercise of this Warrant and, from time to time, will
take all steps necessary to amend its Articles of Incorporation, as amended,
(the "Articles") to provide sufficient reserves of shares of Common Stock
issuable upon exercise of the Warrant. The Company further covenants that all
shares that may be issued upon the exercise of rights represented by this
Warrant and payment of the Exercise Price, all as set forth herein, will be free
from all taxes, liens and charges in respect of the issue thereof (other than
taxes in respect of any transfer occurring contemporaneously or otherwise
specified herein). The Company agrees that its issuance of this Warrant shall
constitute full authority to its officers who are charged with the duty of
executing stock certificates to execute and issue the necessary certificates for
shares of Common Stock upon the exercise of this Warrant, and that such
certificates shall be issued in the names of, or in such names as may be
directed by, the Holder.

      9. Notices.

            (a) In case:

                  (i) the Company shall take a record of the holders of its
Common Stock (or other stock or securities at the time receivable upon the
exercise of this Warrant) for the purpose of entitling them to receive any
dividend or other distribution, or 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

                  (ii) of any capital reorganization of the Company, any
reclassification of the capital stock of the Company, any consolidation or
merger of the Company with or into another corporation, or any conveyance of all
or substantially all of the assets of the Company to another corporation, or

                  (iii) of any voluntary dissolution, liquidation or winding-up
of the Company, then, and in each such case, the Company will deliver or cause
to be delivered to the Holder or Holders a notice specifying, as the case may
be, (A) the date on which a record is to be taken for the purpose of such
dividend, distribution or right, and stating the amount and character of such
dividend, distribution or right, or (B) the date on which such reorganization,
reclassification, consolidation, merger, conveyance, 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 receivable 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, conveyance, dissolution, liquidation or winding-up. Such
notice shall be delivered at least 15 days prior to the date therein specified.

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      10. Amendments.

            (a) Any term of this Warrant may be amended with the written consent
of the Company, Holder and the holders of warrants representing not less than
fifty percent (50%) of the shares of Common Stock issuable upon exercise of any
and all outstanding Warrants. Any amendment effected in accordance with this
Section 10 shall be binding upon each holder of any of the Warrants, each future
holder of all such Warrants, and the Company; provided, however, that no special
consideration or inducement may be given to any such holder in connection with
such consent that is not given ratably to all such holders, and that such
amendment must apply to all such holders equally and ratably in accordance with
the number of shares of Common Stock issuable upon exercise of their Warrants.
The Company shall promptly give notice to all holders of Warrants of any
amendment effected in accordance with this Section 10.

            (b) No waivers of, or exceptions to, 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.

      11. Registration Rights.

            (a) Piggyback Registration. If, at any time commencing after the
date hereof and expiring five (5) years thereafter, the Company, subsequent to
the Company's initial public offering of Common Stock and/or initial "shelf'
registration, proposes to register any of its securities under the Securities
Act of 1933, as amended (the "Act") (other than pursuant to a Form S-4, Form S-8
or any other successor form of limited purpose), it will give written notice by
registered mail at least 30 days prior to the filing of each such registration
statement, to the Holder of its intention to do so. If the Holder notifies the
Company within 20 business days after receipt of any such notice of its or their
desire to include any of their respective Warrant Shares in such proposed
registration statement, the Company shall afford such Holder the opportunity to
have any such Warrant Shares registered under such registration statement;
provided, however, that if the Company advises the Holder in writing that the
inclusion of all Warrant Shares that Holder has proposed be included in such
registration statement would interfere with the successful marketing of the
securities proposed to be registered by the Company, then the securities to be
included in such registration statement shall be included in the following
order:

                  (i) first, the securities proposed to be included in such
registration by the Company or, if such registration is for securities of
specified security holders of the Company, by such holders;

                  (ii) second, the Warrant Shares held by the Holder and all
other holders of Common Stock entitled to be included in such registration
statement (pro rata among the Holder and holders requesting such registration
based upon the number of shares of Common Stock and Warrant Shares requested by
each such holder to be registered).

      Notwithstanding the provisions of this Section 11(a), the Company shall
have the right at any time after it shall have given written notice pursuant to
this Section 11(a) (irrespective of whether a written request for inclusion of
any such Warrant Shares shall have been made) to elect not to file any such
proposed registration statement or to withdraw the same after the filing but
prior to the effective date thereof.

            (b) Covenants of the Company with Respect to Registration. In
connection with any registration under Section 11(a) hereof, the Company
covenants and agrees as follows:

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                  (i) In connection with the Company's intention to file a
registration statement, the Company shall use its best efforts to have any
registration statement declared effective at the earliest possible time and
shall furnish each Holder such number of prospectuses as shall reasonably be
requested by such Holder.

                  (ii) The Company shall pay all costs, fees and expenses in
connection with all registration statements filed pursuant to Section 11(a)
hereof (excluding fees and expenses of Holder's counsel and accountants and any
underwriting or selling commissions) including, without limitation, the
Company's legal and accounting fees, printing expenses, blue sky fees and
expenses.

                  (iii) The Company will take all necessary action which may be
required in qualifying or registering the Warrant Shares included in a
registration statement for offering and sale under the securities or blue sky
laws of such states as reasonably are requested by the Holder, provided, that,
the Company shall not be obligated to qualify generally to do business in any
jurisdiction where it is not then so qualified or to take any action which would
subject it to general service of process or to taxation in any jurisdiction
where it is not then so subject.

                  (iv) The Company shall furnish without charge to each Holder
of Warrant Shares, promptly after filing thereof with the Commission, at least
one copy of the registration statement filed pursuant to Section 11(a) (a
"Registration Statement") and each amendment thereto or each amendment or
supplement to the prospectus included therein (the "Prospectus") including all
financial statements and schedules, documents incorporated by reference therein
and if the Holder so requests in writing, all exhibits thereto.

                  (v) The Company shall take such action as may be reasonably
necessary so that (1) the Registration Statement and any amendment thereto and
any Prospectus forming a part thereof and any supplement or amendment thereto
complies in all material respects with the Act and the rules and regulations
thereunder, (2) the Registration Statement and any amendment thereto (in either
case, other than with respect to written information furnished to the Company by
or on behalf of any Holder specifically for inclusion therein) does not contain
an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make any statement therein not misleading
and (3) the Prospectus and any supplement thereto (in either case, other than
with respect to information from Holders as described above), does not include
an untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading.

                  (vi) The Company shall promptly advise the Holder of Warrant
Shares registered under the Registration Statement (which advice pursuant to
clauses (ii) - (iv) shall be accompanied by an instruction to suspend the use of
the Prospectus until the requisite changes have been made) and, if requested by
such persons, shall confirm such advice in writing:

                        (1) when the Registration Statement and any amendment
            thereto has been filed with the Commission and when the Registration
            Statement or any post-effective amendment thereto has become
            effective;

                        (2) of any request by the Commission for amendments to
            the Registration Statement or amendments or supplements to the
            Prospectus or for additional information relating thereto;

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<PAGE>

                        (3) of the issuance by the Commission of any stop order
            suspending the effectiveness of the Registration Statement or of the
            suspension by any state securities commission of the qualification
            of the Warrant Shares for offering or sale in any jurisdiction, or
            the initiation of any proceeding for any of the preceding purposes;
            and

                        (4) of the happening of any event that requires the
            making of any changes in the Prospectus so that, as of such date,
            the Prospectus does not contain an untrue statement of a material
            fact and does not omit to state a material fact required to be
            stated therein or necessary to make the statements therein, in light
            of the circumstances under which they were made, not misleading.

                  (vii) If at any time the Commission shall issue any stop order
suspending the effectiveness of the Registration Statement, or any state
securities commission or other regulatory authority shall issue an order
suspending the qualification or exemption from qualification of the Warrant
Shares under state securities or Blue Sky laws, the Company shall use its
reasonable best efforts to obtain the withdrawal or lifting of such order at the
earliest possible time.

                  (viii) The Company shall, during the period the Company is
obligated to maintain the effectiveness of a Registration Statement under
Section 11(b) hereof, deliver to each Holder of Warrant Shares included under
the Registration Statement, without charge, such reasonable number of copies of
the Prospectus (including each preliminary prospectus) included in the
Registration Statement and any amendment or supplement thereto as such Holder
may reasonably request to facilitate the public sale or other disposition of the
Warrant Shares by the selling Holder.

                  (ix) The Company shall cooperate with the Holder to facilitate
the timely preparation and delivery of certificates representing Warrant Shares
to be sold under the Registration Statement, free of any restrictive legends and
in such denominations and registered in such names as the Holder may reasonably
request in connection with the sales of Warrant Shares pursuant to the
Registration Statement.

                  (x) Upon the occurrence of any event contemplated by Section
11(b)(vi)(2) - (4) hereof or any request by the Commission for any amendments to
the Registration Statement or for additional information relating thereto or the
happening of any event that requires the making of any changes in the
Registration Statement, the Company shall file (and use its reasonable best
efforts to have declared effective as soon as possible) a post-effective
amendment to the Registration Statement or an amendment or supplement to the
Prospectus or file any other required document so that, as thereafter delivered
to the purchasers of Warrant Shares registered under the Registration Statement,
the Prospectus will not contain an untrue statement of a material fact or omit
to state any material fact necessary to make the statements therein in light of
the circumstances under which they were made not misleading. Each Holder of
Warrant Shares registered under the Registration Statement agrees by acquisition
of such Warrant Shares that, upon receipt of any notice from the Company of the
existence of any fact of the kind described in Section 11 (b)(vi)(2) - (4)
hereof, such Holder will forthwith discontinue disposition of Warrant Shares
pursuant to the Registration Statement until such Holder receives copies of the
supplemented or amended Prospectus contemplated by this Section 11 (b)(x), or
until such Holder is advised in writing by the Company that the use of the
Prospectus may be resumed, and such Holder has received copies of any additional
or supplemental filings which are incorporated by reference in the Prospectus.
If so directed by the

                                       6
<PAGE>

Company, each Holder will deliver to the Company (at the Company's expense) all
copies, other than permanent file copies then in such Holder's possession, of
the Prospectus covering such Warrant Shares current at the time of receipt of
such notice.

                  (xi) Nothing contained in this Agreement shall be construed as
requiring the Holder to exercise their Warrants prior to the initial filing of
any registration statement or the effectiveness thereof.

                  (xii) The Company shall furnish to each Holder participating
in the offering and to each Holder, if any, a signed counterpart, addressed to
such Holder or Holder, of (1) an opinion of counsel to the Company, dated the
effective date of such Registration Statement (and, if such registration
includes an underwritten public offering, an opinion dated the date of the
closing under the underwriting agreement), and (2) if and to the extent
permitted by Statement of Auditing Standards No. 72, a "cold comfort" letter
dated the effective date of such Registration Statement (and, if such
registration includes an underwritten public offering, a letter dated the date
of the closing under the underwriting agreement) signed by the independent
public accountants who have issued a report on the Company's financial
statements included in such Registration Statement, in each case covering
substantially the same matters with respect to such Registration Statement (and
the prospectus included therein) and, in the case of such accountants' letter,
with respect to events subsequent to the date of such financial statements, as
are customarily covered in opinions of issuer's counsel and in accountants'
letters delivered to Holders in underwritten public offerings of securities.

                  (xiii) The Company shall as soon as practicable after the
effective date of the Registration Statement, and in any event within 15 months
thereafter, make "generally available to its security holders" (within the
meaning of Rule 158 of the General Rules and Regulations under the Act) an
earnings statement (which need not be audited) complying with Section 12(a) of
the Act and covering a period of at least 12 consecutive months beginning after
the effective date of the Registration Statement.

                  (xiv) The Company shall deliver promptly to each Holder
participating in the offering upon request, copies of all correspondence between
the Commission and the Company, its counsel or accountants and all memoranda
relating to discussions with the Commission or its staff with respect to the
Registration Statement and shall permit each Holder and such Holders to do such
investigation, upon reasonable advance notice, with respect to information
contained in or omitted from the Registration Statement as it deems reasonably
necessary to comply with applicable securities laws or rules of the NASD. Such
investigation shall include access to books, records and properties and
opportunities to discuss the business of the Company with its officers and
independent accountants, all to such reasonable extent and at such reasonable
times and as often as any Holder shall reasonably request.

                  (xv) In addition to Warrant Shares, upon the written request
therefor by any Holders, the Company shall include in the Registration Statement
any other securities of the Company held by such Holder as of the date of filing
of such Registration Statement, including, without limitation, restricted shares
of Common Stock, options, warrants or securities convertible into shares of
Common Stock and shall not be requested by the Company to provide
indemnification except as provided in Section 11 (b)(xvii) hereof

                  (xvi) For purposes of this Agreement, wherever a specified
percent of Holders is required to take action, such percentage shall be
calculated: (1) assuming the immediate exercise of all of the outstanding
Warrants for Common Stock and (2) excluding the

                                       7
<PAGE>

shares of Common Stock then issued or issuable pursuant to Warrants that (x) are
held by the Company, an affiliate or officer thereof or any of their respective
affiliates, members of their family or persons acting as their nominees or in
conjunction therewith or (y) have been resold to the public pursuant to a
Registration Statement filed with the Commission under the Act.

                  (xvii) Indemnification and Contribution.

                        (1) The Company agrees to indemnify and hold harmless
            each Holder (for purposes of this Section 11 (b)(xvii), "Holder"
            shall include the officers, directors, partners, employees and
            agents, and each person, if any, who controls or is controlled by
            any Holder ("controlling person") within the meaning of Section 15
            of the Act or Section 20(a) of the Exchange Act of 1934, as amended
            (the "Exchange Act"), from and against any and all losses, claims,
            damages, expenses or liabilities, joint or several (and actions,
            proceedings, suits and litigation in respect thereof), whatsoever,
            as the same are incurred, to which such Holder or any such
            controlling person may become subject, under the Act, the Exchange
            Act or any other statute or at common law or otherwise insofar as
            such losses, claims, damages, expenses or liabilities arise out of
            or are based upon any untrue statement or alleged untrue statement
            of a material fact contained in the Registration Statement, or any
            preliminary Prospectus or Prospectus (as from time to time amended
            and supplemented) or arise out of or are based upon the omission or
            alleged omission therefrom of a material fact required to be stated
            therein or necessary to make the statements therein (with respect to
            any preliminary Prospectus or Prospectus, in the light of the
            circumstances under which they were made), not misleading; provided,
            however, that the Company shall not be liable in any such case to
            the extent that any such loss, claim, damage, expense or liability
            arises out of or is based upon any untrue statement or alleged
            untrue statement or omission or alleged omission made in the
            Registration Statement, or any preliminary Prospectus or Prospectus
            or any such amendment or supplement in reliance upon and in
            conformity with written information furnished to the Company b: or
            on behalf of Holder specifically for inclusion therein and provided,
            further, that the Company shall not be liable to any such Holder
            under the indemnity agreement in this subsection (1): (i) with
            respect to any preliminary Prospectus or Prospectus (if such
            Prospectus has then been amended or supplemented) to the extent that
            any such loss, liability, claim, damage or expense of such Holder
            arises out of a sale of Warrant Shares by such Holder to a person to
            whom (a) there was not sent or given, at or prior to the written
            confirmation of such sale, a copy of the Prospectus (or of the
            Prospectus as then amended or supplemented) if the Company has
            previously furnished copies thereof to such Holder a reasonable time
            in advance or (b) prior to written confirmation of such sale, such
            Holder received notice from the Company pursuant to Section 11
            (b)(x) to discontinue disposition pursuant to such Prospectus and,
            in either case, the loss, liability, claim, damage or expense of
            such Holder results from an untrue statement or alleged untrue
            statement or omission or alleged omission of a material fact
            contained in the preliminary Prospectus (or the Prospectus) which
            was corrected in the Prospectus (or the Prospectus as amended or
            supplemented) or (ii) to the extent that any such loss, claim,
            damage, expense or liability arises out of or is based upon any
            action or failure to act by such Holder that is found in a final
            judicial determination (or a settlement tantamount thereto to which
            such Holder has given its prior written consent) to constitute bad
            faith, willful

                                       8
<PAGE>

            misconduct or gross negligence on the part of such Holder. The
            indemnity agreement in this subsection (1) shall be in addition to
            any liability which the Company may have at common law or otherwise,
            to the extent not inconsistent therewith.

                        (2) Each Holder agrees to indemnify and hold harmless
            the Company, each of its directors, each of its officers and each
            other person, if any, who controls the Company within the meaning of
            the Act, to the same, extent as the foregoing indemnity from the
            Company to the Holders, but only with respect to (i) statements or
            omissions, if any, made in conformity with information relating to
            such Holder furnished in writing by or on behalf of such Holder
            specifically for use in the Registration Statement, or any
            preliminary Prospectus or the Prospectus or any amendment thereof or
            supplement thereto, and (ii) any breach of such Holder's
            representations, covenants or agreements set forth herein; provided,
            however, that the obligation to indemnify will be individual to each
            Holder and will be limited to the amount of net proceeds received by
            such Holder from the sale of Warrant Shares pursuant to the
            Registration Statement.

                        (3) Promptly after receipt by an indemnified party under
            this Section 11 (b)(xvii) of notice of the commencement of any
            action, suit or proceeding, such indemnified party shall, if a claim
            in respect thereof is to be made against one or more indemnifying
            parties under this Section 11 (b)(xvii), notify each party against
            whom indemnification is to be sought in writing of the commencement
            thereof (but the failure to notify an indemnifying party shall not
            relieve it from any liability which it may have under Sections 1
            l(b)(xvii)(1) or (2) unless and to the extent that it has been
            prejudiced in a material respect by such failure or from the
            forfeiture of substantial rights and defenses). In case any such
            action, suit or proceeding is brought against any indemnified party,
            and it notifies an indemnifying party or parties of the commencement
            thereof, the indemnifying party or parties will be entitled to
            participate therein, and to the extent it may elect by written
            notice delivered to the indemnified party promptly after receiving
            the aforesaid notice from such indemnified party, to assume the
            defense thereof with counsel reasonably satisfactory to such
            indemnified party, which may be the same counsel as counsel to the
            indemnifying party. Notwithstanding the foregoing, the indemnified
            party or parties shall have the right to employ its or their own
            counsel in any such case but the fees and expenses of such counsel
            shall be at the expense of such indemnified party or parties unless
            (i) the employment of such counsel shall have been authorized in
            writing by the indemnifying parties in connection with the defense
            of such action at the expense of the indemnifying party, (ii) the
            indemnifying parties shall not have employed counsel reasonably
            satisfactory to such indemnified party to take charge of the defense
            of such action within a reasonable time after notice of commencement
            of the action or (iii) such indemnified party or parties shall have
            reasonably concluded, after consultation with counsel to such
            indemnified party or parties, that a conflict of interest exists
            which makes representation by counsel chosen by the indemnifying
            party not advisable (in which case the indemnifying parties shall
            not have the right to direct the defense of such action on behalf of
            the indemnified party or parties), in any of which events such fees
            and expenses of one additional counsel shall be borne by the
            indemnifying parties. In no event shall the indemnifying parties be
            liable for fees and expenses of more than one counsel (in addition
            to any local counsel)

                                       9
<PAGE>

            separate from their own counsel for all indemnified parties in
            connection with any one action or separate but similar or related
            actions in the same jurisdiction arising out of the same general
            allegations or circumstances. Anything in this Section 11 (b)(xvii)
            to the contrary notwithstanding, an indemnifying party shall not be
            liable for any settlement of any claim or action effected without
            its written consent, which shall not be unreasonably withheld or
            delayed.

                        (4) In order to provide for just and equitable
            contribution in any case in which (i) an indemnified party makes
            claim for indemnification pursuant to this Section 11 (b)(xvii), but
            it is judicially determined (by the entry of a final judgment or
            decree by a court of competent jurisdiction and the expiration of
            time to appeal or the denial of the last right of appeal) that such
            indemnification may not be enforced in such case notwithstanding the
            fact that the express provisions of this Section 11 (b)(xvii)
            provide for indemnification in such case, or (ii) contribution under
            the Act may be required, then each indemnifying party, in lieu of
            indemnifying such indemnified party, shall contribute to the amount
            paid as a result of such losses, claims, damages, expenses or
            liabilities (or actions, suits, proceedings or litigation in respect
            thereof) in such proportion as is appropriate to reflect the
            relative fault of each of the contributing parties, on the one hand,
            and the party to be indemnified, on the other hand, in connection
            with the statements or omissions that resulted in such losses,
            claims, damages, expenses or liabilities, as well as any other
            relevant equitable considerations. Relative fault shall be
            determined by reference to, among other things, whether the untrue
            or alleged untrue statement of a material fact or the omission or
            alleged omission to state a material fact relates to information
            supplied by the Company or by the Holder, and the parties' relative
            intent, knowledge, access to information and opportunity to correct
            or prevent such untrue statement or omission. The amount paid or
            payable by an indemnified party as a result of the losses, claims,
            damages, expenses or liabilities (or actions, suits, proceedings or
            litigation in respect thereof) referred to above in this subsection
            (4) shall be deemed to include any legal or other expenses
            reasonably incurred by such indemnified party in connection with
            investigating, preparing or defending any such action, claim, suit,
            proceeding or litigation. Notwithstanding the provisions of this
            subsection (4), no Holder shall be required to contribute any amount
            in excess of the amount by which the total price at which the
            Warrant Shares sold by such Holder as the indemnifying party and
            distributed to the public were offered to the public exceeds the
            amount of any damages that such indemnifying party has otherwise
            been required to pay by reason of such untrue or alleged untrue
            statement or omission or alleged omission. No person guilty of
            fraudulent misrepresentation or omission (within the meaning of
            Section 12(a)(2) of the Act) shall be entitled to contribution from
            any person who was not guilty of such fraudulent misrepresentation
            or omission. For purposes of this Section 11 (b)(xvii), each person,
            if any, who controls the Company within the meaning of the Act, each
            executive officer of the Company and each director of the Company
            shall have the same rights to contribution as the Company, subject
            in each case to this subsection (4). Any party entitled to
            contribution shall, promptly after receipt of notice of commencement
            of any action, suit, proceeding or litigation against such party in
            respect to which a claim for contribution may be made against
            another party or parties under this subsection (4), notify such
            party or parties from whom contribution may be sought, but the
            omission so to notify such party or parties

                                       10
<PAGE>

            shall not relieve the party or parties from whom contribution may be
            sought from any obligation it or they may have hereunder or
            otherwise than under this subsection (4), or to the extent that such
            party or parties were not adversely affected by such omission. The
            contribution agreement set forth above shall be in addition to any
            liabilities which any indemnifying party may have at common law or
            otherwise.

                  (xvii) Notwithstanding the foregoing provisions of this
Section 11(b), no registration rights shall be extended pursuant to this Section
11 with respect to any Warrant Shares (i) which have been sold pursuant to and
in accordance with an effective Registration Statement, (ii) sold in accordance
with Rule 144 under the Act or (iii) eligible for sale under Rule 144(k) under
the Act.

      12. Miscellaneous.

            (a) All notices or demands shall be in writing and shall be
delivered personally, electronically, or by express, certified or registered
mail or by private overnight express mail service. Delivery shall be deemed
conclusively made (i) at the time of delivery if personally delivered, (ii)
immediately in the event notice is delivered by confirmed facsimile, (iii)
twenty-four (24) hours after delivery to the carrier if served by any private,
overnight express mail service, (iv) twenty-four (24) hours after deposit
thereof in the United States mail, properly addressed and postage prepaid,
return receipt requested, if served by express mail, or (v) five (5) days after
deposit thereof in the United States mail, properly addressed and postage
prepaid, return receipt requested, if served by certified or registered mail.

      Any notice or demand to the Company shall be given to:

            SinoFresh HealthCare, Inc.
            516 Paul Morris Drive
            Englewood, Florida  34223
            Attention:  Chief Financial Officer

      Any notice or demand to Holder shall be given to:

            Bristol Investment Partners I
            135 East 57th Street, 15th Floor
            New York, NY  10022

Any party may, by virtue of written notice in compliance with this paragraph,
alter or change the address or the identity of the person to whom any notice, or
copy thereof, is to be delivered.

            (b) The Holder of this Warrant, by acceptance hereof, agrees that
any controversy arising out of or relating to this Warrant, or the making,
performance or interpretation thereof, including the interpretation and scope of
this arbitration provision, claims arising thereunder or relating thereto, and
any claims involving statements, agreements or representations made during the
negotiation of this Warrant, shall be settled by final and binding arbitration
in accordance with the Commercial Arbitration rules of the American Arbitration
Association, before three arbitrators of whom at least one shall be a certified
public accountant and one shall be an attorney, each with at least ten years of
practice in their respective fields.

                                       11
<PAGE>

            (c) The Company and the Holder shall each execute and deliver all
such further instruments, documents and papers, and shall perform any and all
acts necessary, to give full force and effect to all of the terms and provisions
of this Warrant.

            (d) This Warrant shall inure to the benefit of and be binding upon
the parties hereto, and their successors in interest.

            (e) This Warrant incorporates the entire understanding of the
parties and supersedes all previous agreements relating to the subject matter
hereof should they exist. This Warrant and any issue arising out of or relating
to the parties relationship hereunder shall be governed by, and construed in
accordance with, the laws of the State of Washington, without regard to
principles of conflicts of law. In all matters of interpretation, whenever
necessary to give effect to any provision of this Warrant, each gender shall
include the others, the singular shall include the plural, and the plural shall
include the singular. The titles of the paragraphs of this Warrant are for
convenience only and shall not in any way affect the interpretation of any
provision or condition of this Warrant.

            (f) In the event of any litigation or arbitration between the
parties hereto respecting or arising out of this Warrant, the prevailing party
shall be entitled to recover reasonable legal fees, whether or not such
litigation or arbitration proceeds to final judgment or determination.

            (g) Jurisdiction and Venue. Each party hereto consents specifically
to the exclusive jurisdiction of the federal courts of the United States sitting
in the Eastern District of Florida, or if such federal court declines to
exercise jurisdiction over any action filed pursuant to this Warrant, the courts
of the State of Florida sitting in the County of Sarasota, and any court to
which an appeal may be taken in connection with any action filed pursuant to
this Warrant, for the purposes of all legal proceedings arising out of or
relating to this Warrant. In connection with the foregoing consent, each party
irrevocably waives, to the fullest extent permitted by law, any objection which
it may now or hereafter have to the court's exercise of personal jurisdiction
over each party to this Warrant or the laying of venue of any such proceeding
brought in such a court and any claim that any such proceeding brought in such a
court has been brought in an inconvenient forum. Each party further irrevocably
waives its right to a trial by jury and consents that service of process may be
effected in any manner permitted under the laws of the State of Florida.

            (h) If any clause or provision of this Warrant is illegal, invalid
or unenforceable under present or future laws effective during the term of this
Warrant, then and, in that event, the remainder of this Warrant shall not be
affected thereby, and in lieu of each clause or provision of this Warrant that
is illegal, invalid or unenforceable, there shall be added a clause or provision
as similar in terms and in amount to such illegal, invalid or unenforceable
clause or provision as may be possible and be legal, valid and enforceable, as
long as it does not otherwise frustrate the principal purposes of this Warrant.

                                       12
<PAGE>

      IN WITNESS WHEREOF, SinoFresh HealthCare, Inc., has caused this Warrant to
be executed by its officers thereunto duly authorized.

SINOFRESH HEALTHCARE, INC.:

By: /s/ Charles A. Fust

Name:  Charles A. Fust
Title: Chairman and Chief Executive Officer

                                       13
<PAGE>

                                   EXHIBIT "A"

                               NOTICE OF EXERCISE

                (To be signed only upon exercise of the Warrant)

TO:  SinoFresh HealthCare. Inc.

The undersigned, hereby irrevocably elects to exercise the purchase rights
represented by the Warrant granted to the undersigned on ______________ and to
purchase thereunder 100,000 shares of Common Stock of SinoFresh HealthCare, Inc.
(the "Company") and herewith encloses either payment of $100,000.00 or
instructions regarding the manner of exercise permitted under Section 3(b) of
the Warrant, in full payment of the purchase price of such shares being
purchased.

Dated:

                             __________________________________________________
                             (Signature must conform in all respects to name of
                              holder as specified on the face of the Warrant)

                             __________________________________________________
                             (Please Print Name)

                             __________________________________________________
                             (Address)

                                      A-1

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