Document:

EXHIBIT 4.1

THIS  WARRANT  AND  THE  SHARES  OF  COMMON STOCK WHICH MAY BE ISSUED UPON THEIR
EXERCISE  HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR  UNDER  THE  SECURITIES  LAWS  OF ANY STATE AND MAY NOT BE OFFERED OR SOLD IN
CONTRAVENTION  OF  THE  SECURITIES  ACT OF 1933, AS AMENDED, OR APPLICABLE STATE
LAWS  OR  THE  RESTRICTIONS  CON-TAINED  IN  THIS  WARRANT

                              WARRANT TO PURCHASE
                       500,000 SHARES OF POWER2SHIP, INC.

     THIS  WARRANT  CERTIFIES  THAT,  for  value  received, NEWBRIDGE SECURITIES
CORPORATION,  a Virginia corporation ("Newbridge") or its registered assigns, is
entitled  to  purchase  from  POWER2SHIP,  INC.,  a  Nevada  corporation  (the
"Company"),  at  any  time  after the date hereof to and including 5:00 p.m. New
York  time  on  November  4, 2006 (the "Expiration Date"), Five Hundred Thousand
(500,000)  fully  paid  and non-assessable shares of the Common Stock, par value
$.001  per  share  (the  "Common  Stock"),  of  the  Company.

     I.     Method  of  Exercise;  Payment;  Price;  Issuance  of  New  Warrant;
            --------------------------------------------------------------------
Transfer  and  Exchange.  This  Warrant  (the "Warrant") may be exercised by the
       ----------------
holder  hereof,  during any period set forth above, in whole or in part (but not
as  to  a  fractional  share of Common Stock), by the surrender of this Warrant,
together  with  the  exercise form attached hereto as Exhibit "1" (the "Exercise
Form") duly completed and signed, at the principal office of the Company, and by
payment  to  the  Company  of the Warrant Price: (a) in cash, certified check or
wire  transfer;  (b) by delivery to the Company of shares of Common Stock (which
may  include restricted shares); (c) any combination of cash and Common Stock or
(d)  such other consideration as the Company deems appropriate and in compliance
with  applicable  law.  In  the  event  that any shares of Common Stock shall be
transferred to the Company to satisfy all or any part of the purchase price, the
part  of  the  purchase  price deemed to have been satisfied by such transfer of
shares  of Common Stock shall be equal to the product derived by multiplying the
fair market value (i.e., the closing bid price) as of the date of exercise times
the  number  of  shares  of  Common  Stock  transferred  to  the  Company.

     This  Warrant  may  be  exercised  at  the  prices (the "Warrant Price") as
follows:

<TABLE>
<CAPTION>

<S>                                                 <C>
First Tranche of 125,000 shares of Common Stock:    110% of the Closing Market Price on the
                                                    Date of Issuance of this Warrant
                                                    (the "Beginning Strike Price")

Second Tranche of 125,000 shares of Common Stock:   0.25 per share above the Beginning
                                                    Strike Price

Third Tranche of 125,000 shares of Common Stock:    0.50 per share above the Beginning
                                                    Strike Price

Fourth Tranche of 125,000 shares of Common Stock:   0.75 per share above the Beginning
                                                    Strike Price

</TABLE>

The  Company agrees that the shares so purchased shall be deemed to be issued to
the holder hereof as the record owner of such shares as of the close of business
on  the  date on which this Warrant shall have been surrendered and payment made
for such shares as aforesaid shall have been made.  In the event of any exercise
of  this Warrant, certificates for the shares of Common Stock so purchased shall
be  delivered  to  the holder hereof within a reasonable time after this Warrant
shall  have  been  so exercised.  Unless this Warrant has expired, a new warrant
representing the right to purchase the number of shares of Common Stock, if any,
with  respect  to  which  this Warrant shall not then have been exercised, shall
also  be  issued  to  the  holder  hereof  at  such  time.

<PAGE>

     The  Warrant  shall  be  transferable  only  on  the  books  of the Company
maintained at its principal office upon delivery thereof by the holder or by its
duly authorized attorney or representative, or accompanied by proper evidence of
succession,  assignment  or authority to transfer, together with the form of the
assignment,  attached  hereto  as  Exhibit  "2"  (the  "Assignment  Form")  duly
completed  and  signed.

     2.     Stock  Fully Paid; Reservation of Shares.  The Company covenants and
            ----------------------------------------
agrees  that  all  shares  of  Common Stock shall, upon issuance pursuant to the
exercise  of  this  Warrant  and payment of the Warrant Price, be fully paid and
nonassessable  and  free  from  all  liens  and encumbrances with respect to the
issuance  thereof.  The  Company  further  covenants  and agrees that during the
period  within  which  this  Warrant  may be exercised, the Company shall at all
times  have  authorized  and  reserved,  for  the  purpose  of the issuance upon
exercise  of this Warrant, at least the maximum number of shares of Common Stock
as  are  issuable  upon  the  exercise  of  this  Warrant.

     3.     Adjustment  of  Warrant  Price and Number of Shares of Common Stock.
            ------------------------------------------------------ ------------
The  number and kind of securities purchasable upon the exercise of this Warrant
and  the  Warrant  Price  shall  be  subject  to adjustment from time to time as
follows:

          (a)     If  the  Company  shall  subdivide  its  outstanding shares of
Common  Stock,  then  the  number  of  shares  of  Common Stock purchasable upon
exercise  of  this  Warrant immediately prior thereto, shall be adjusted so that
the  holder  of this Warrant shall be entitled to receive the kind and number of
shares  of  Common  Stock or other securities of the Company which it would have
owned or have been entitled to receive after the occurrence of any of the events
described  above,  had  such  Warrant  been  exercised  immediately prior to the
occurrence  of  such  event  (or  any  record  date  with  respect thereto).  An
adjustment  made  pursuant  to  this  paragraph  (a)  shall  become  effective
immediately  after  the  effective  date  of the event retroactive to the record
date,  if  any,  for  such  event.

          (b)     No  adjustment  in  the  number  of  shares  of  Common  Stock
purchasable  under  this  Warrant  shall be required unless the adjustment would
require  an  increase  of at least one percent in the number of shares of Common
Stock  purchasable  upon the exercise of this Warrant.  Any adjustments which by
reason  of  this  paragraph  (b)  are  not  required to be made shall be carried
forward  and  taken into account in any subsequent adjustment.  All calculations
under this Section 3 shall be made to the nearest one-hundredth of a share or to
the  nearest  cent,  as  the  case  may  be.

          (c)     Whenever the number of shares of Common Stock purchasable upon
the  exercise of this Warrant is adjusted, the Warrant Price per share of Common
Stock  payable  upon  exercise  of each Warrant shall be adjusted by multiplying
such  Warrant  Price  immediately  prior  to  such adjustment by a fraction, the
numerator  of  which  shall  be the number of shares of Common Stock purchasable
upon  the exercise of each Warrant immediately prior to such adjustment, and the
denominator  of  which shall be the number of shares of Common Stock purchasable
immediately  after  such  adjustment.

          (d)     Whenever the number of shares of Common Stock purchasable upon
the exercise of this Warrant or the Warrant Price of such shares of Common Stock
is  adjusted,  the  Company  shall  promptly  mail  by first class mail, postage
prepaid, to the holder of this Warrant notice of such adjustment or adjustments,
together  with  a certificate setting forth the number of shares of Common Stock
purchasable  upon  the  exercise  of  this  Warrant and the Warrant Price of the
shares  of  Common  Stock  after  the adjustment, a brief statement of the facts
requiring  such  an adjustment, and the computation by which such adjustment was
made.

<PAGE>

          (e)     For  the purpose of this Section 3, the term "shares of Common
Stock" means the Common Stock of the Company of the class authorized at the date
of  this  Warrant  and  stock  of  any  other  class  into  which such presently
authorized  shares  of Common Stock may be changed and any other shares of stock
of  the  Company  which do not have priority in the payment of dividends or upon
liquidation over any other class of stock.  In the event that at any time, as  a
result  of  an  adjustment  made pursuant to this Section 3, the holders of this
Warrant  become  entitled  to  purchase  any  shares  of  Common  Stock or other
securities  of  the  Company  other  than shares of Common Stock, thereafter the
number  of such other shares or other securities so purchasable upon exercise of
this  Warrant  and the Warrant Price of such shares or other securities shall be
subject  to  adjustment  from  time  to  time in a manner and on terms as nearly
equivalent as practicable to the provisions with respect to the shares contained
in  this Section 3 and the provisions of this Section 3 and all other applicable
sections  of  this Warrant shall apply on like terms to any such other shares or
securities.

          (f)     Except  as  provided  in  paragraphs  (a)  through  (e),  no
adjustment  for  any dividends, or any distribution or sale of securities, shall
be  made  during  the term of this Warrant or upon the exercise of this Warrant.

          (g)     In case of any capital reorganization, or any reclassification
of the shares of Common Stock of the Company, or in case of the consolidation or
merger  of  the  Company  with or into any other corporation or the sale, lease,
conveyance  or  other  disposition of all or substantially all of the properties
and  assets  of  the  Company  to  any  other  corporation,  the Company or such
successor  or purchasing corporation, as the case may be, shall execute with the
holder of this Warrant an agreement to the effect that this Warrant shall, after
such  capital  reorganization,  reclassification, consolidation, merger or sale,
lease,  conveyance or other disposition, be exercisable into the kind and amount
of shares of stock or other securities or property (including cash) to which the
holder of the number of shares of Common Stock deliverable (immediately prior to
the  happening  of such capital reorganization, reclassification, consolidation,
merger, sale, lease, conveyance or other disposition) upon exercise of a Warrant
would  have  been  entitled upon the happening of such event.  The Company shall
mail  by  first  class  mail,  postage  prepaid, to the holder of this Warrant a
notice  of  any  event  requiring  such  agreement at least 30 days prior to the
effective  date of such event.  Such agreement shall provide for all appropriate
adjustments,  which  shall  be as nearly equivalent as may be practicable to the
adjustments provided for in this Section 3. The provisions of this paragraph (g)
shall  also  apply  to  successive  reorganizations,  reclassifications,
consolidations,  mergers,  sales,  leases,  conveyances  and other dispositions.

          (h)     Irrespective  of  any  adjustments in the Warrant Price or the
number  or  kind  of shares or other securities purchasable upon the exercise of
this  Warrant,  the  Warrant  theretofore  or  thereafter issued may continue to
express  the  same  price  and  number and kind of shares of Common Stock as are
stated  in  this  Warrant.

          (i)     The  Company  shall not be required to issue fractional shares
of  Common Stock on the exercise of Warrants.  If any fraction of a share would,
except for the provisions of this Section 3, be issuable on the exercise of this
Warrant  (or specified portion thereof), the Company shall pay an amount in cash
equal  to the current market price per share of Common Stock, multiplied by such
fraction.

<PAGE>

     4.     Registration  Rights.  This  Warrant shall entitle the holder hereof
            --------------------
to  certain  registration  rights  with  respect  to  the shares of Common Stock
issuable  upon the exercise hereof, in accordance with the terms, and subject to
the  conditions,  of  that  certain  Registration  Rights  Agreement in the form
attached  hereto  as  Exhibit  "3".

     5.     No  Shareholder  Rights.  This  Warrant shall not entitle the holder
            -----------------------
hereof  to  any  voting  rights or other rights as a shareholder of the Company.

     6.     Gender and Number.  As used herein, the use of any of the masculine,
            -----------------
feminine,  or  neuter  gender  and  the  use of singular or plural numbers shall
include  any  of  all  of  the  other,  wherever and whenever appropriate in the
context.

     7.     Notices.  Except  as  otherwise provided herein, any notice pursuant
            -------
to  this Warrant by the Company or any Holder of the Warrant shall be in writing
and  shall  be  deemed to have been duly given when personally delivered or five
days  after  such  notice is mailed by certified mail, return receipt requested,
postage  prepaid  (a)  if  to  the Company, to Power2Ship, Inc., 903 Clint Moore
Road,  Boca  Raton,  FL  33487,  Attention: Richard Hersh, CEO and (b) if to the
Holder  of  this  Warrant,  to Newbridge Securities Corporation, 1451 W. Cypress
Creek  Road,  Suite  204,  Ft.  Lauderdale,  FL 33309, Attention:  Guy S. Amico,
President,  or  to  such other address as it may be changed from time to time on
the  books of the Company by written notice.  Each party hereto may from time to
time  change  the  address  to which notices to it are to be delivered or mailed
hereunder  by  notice  in  writing  to  the  other  party.

     8.     Benefits.  Nothing  in the Warrant shall be construed to give to any
            --------
person  or corporation other than the Company and the holder of this Warrant any
legal  or equitable right, remedy, or claim hereunder; but this Warrant shall be
for  the  sole  and  exclusive  benefit  of  the  Company and the holder of this
Warrant.

     9.     Investment.  The  Holder  hereof  covenants  and  agrees  that  this
            ----------
Warrant  has  been  taken  for investment and for its own account and not with a
view  towards resale or distribution within the meaning of the Securities Act of
1933,  as  amended  (the  "Securities  Act").

     10.     Exchange.  This  Warrant is exchangeable, upon the surrender hereof
             --------
by the Holder hereof at the principal office of the Company, for new Warrants of
like tenor representing in the aggregate the right to subscribe for and purchase
the  number  of shares which may be subscribed for and purchased hereunder, each
of  such  new Warrants to represent the right to subscribe for and purchase such
number  of  shares  as  shall be designated by said Holder hereof at the time of
such  surrender.

     11.     Applicable  Law.  This  Warrant shall for all purposes be construed
             ---------------
and  interpreted  in  accordance  with the laws of the State of Florida, without
regard  to  any  conflict of law rule or principle that would give effect to the
laws  of  another  jurisdiction.

DATED  as  of  November  4,  2003

                                             POWER2SHIP,  INC.

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

<PAGE>

                                    EXHIBIT 1
                                   ----------

                                  EXERCISE FORM

                    (To be Executed by the Registered Holder
                       to Exercise the Rights to Purchase
                    Common Shares Evidenced by the Warrant)

Power2Ship,  Inc.
903  Clint  Moore  Road
Boca  Raton,  FL  33487
Attention:  Richard  Hersh,  CEO

     The  undersigned hereby irrevocably subscribes for           shares of your
                                                        ----------
Common Stock pursuant to and in accordance with the terms and conditions of that
certain  Warrant  dated  as  of  November  4, 2003 and herewith makes payment of
$            therefor, and requests that a certificate for such shares be issued
 -----------
in  the  name  of  the  undersigned  and  be delivered to the undersigned at the
address  stated  below.  The  undersigned further requests that if the number of
shares  subscribed  for  herein  shall  not  be  all  of  the shares purchasable
hereunder,  that  a  new  Warrant  of  like  tenor for the balance of the shares
purchasable  hereunder  be  delivered  to  the  undersigned.

                                               Name:
                                                      --------------------------

                                              Signed:
                                                      --------------------------

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

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

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

<PAGE>

                                    EXHIBIT 2
                                   ----------

                                   ASSIGNMENT

     FOR  VALUE  RECEIVED,  the  undersigned
                                             ----------------------------------
hereby  sells,  assigns  and  transfers  unto                                 ,
                                              --------------------------------
                of the              Warrants represented by the within Warrant,
----------------      --------------
together  with  all  rights,  title  and  interest  therein,  and  does  hereby
irrevocably  constitute  and  appoint  the  Company,  attorney, to transfer said
Warrant  on  the  books  of  such Company with full power of substitution in the
premises.

Dated:                          ,
      --------------------------

Name  of  Existing  Warrant  Holder:
                                    --------------------------------------------

Social  Security  or  Federal  ID  Number:
                                          --------------------------------------

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

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

Name  of  New  Warrant  Holder:
                               -------------------------------------------------

Social  Security  or  Federal  ID  Number:
                                          --------------------------------------

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

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

<PAGE>

                                    EXHIBIT 3
                                    ---------

                          REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT (the "Agreement"), dated as of  November
                                              ---------
4,  2003 by and between Power2Ship, Inc. a Nevada corporation with its principal
offices  at  903  Clint  Moore  Road,  Boca Raton, FL  33487 (the "Company") and
Newbridge  Securities  Corporation,  a  Virginia  corporation with its principal
offices  at  1451  W.  Cypress  Creek Road, Suite 204, Ft. Lauderdale, FL  33309
("Newbridge").

     The  parties  hereto,  for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound,
hereby  agree  as  follows:

     1.     DEFINITIONS.  The  following  terms  have  the  following  meanings:

     (a)  "Act" means the U.S. Securities Act of 1933, as amended, and the rules
           ---
and  regulations  promulgated  thereunder.

     (b)  "Commission"  means  the  Securities  and  Exchange  Commission.
           ----------

     (c)  "Common  Stock" means the Common Stock, par value $0.001 per share, of
           -------------
the  Company.

     (d) "Registrable Securities" means any Common Stock of the Company owned by
          ---------------------
Newbridge,  including  but not limited to the Warrant Shares (as defined herein)
held  by  Newbridge.

     (e)  "Registration,"  "register" and like words mean compliance with all of
           ------------     --------
the  laws,  rules  and regulations (federal, state and local), and provisions of
agreements  and  corporate  documents  pertaining  to  the  public  offering  of
securities,  including  registration of any public offering of securities on any
form  under  the  Act.

     (f)  "Warrant  Shares"  means  any  shares  of  Common Stock of the Company
           ---------------
received  by  Newbridge  in  connection  with  the  exercise of the Common Stock
Purchase  Warrant  (the "Warrant") of even date herewith given by the Company to
                         -------
Newbridge  or  any  new warrant given to Newbridge pursuant to the terms of such
warrant.

     2.     PIGGYBACK  REGISTRATION.  At  any time following the date hereof and
prior  to  the  earlier  of the Registration of all of the Warrant Shares or the
availability of Rule 144K with respect to the Warrant Shares, and subject to the
other  provisions  of  this  Agreement,  the  Company  shall advise Newbridge by
written  notice  at  least ten (10) days prior to the filing of any registration
statement  under  the Act by the Company (other than a registration statement on
Form  S-4, Form S-8 or subsequent similar forms), and will upon the provision of
written  notice  from  Newbridge  as  described  below  include  in  any  such
registration  statement  such  information as may be required to permit a public
offering  of  the  Registrable Securities desired to be registered by Newbridge.
If  Newbridge  desires  to  have  its  Registrable  Securities  included in such
registration statement, it must so advise the Company in writing within ten (10)
days  after the date of receipt of the Company's notice of registration, setting
forth  the amount of Registrable Securities for which registration is requested.

<PAGE>

     3.     INFORMATION  TO  BE FURNISHED BY NEWBRIDGE.  Newbridge shall furnish
to  the  Company  in  writing  all information within its possession, control or
knowledge  reasonably requested by the Company and/or required by the applicable
rules  and  regulations of the Commission and by any applicable state securities
or  blue  sky  laws  concerning  Newbridge, the proposed method of sale or other
disposition  of  the  shares  of  Common  Stock  being sold by Newbridge in such
Offering,  and  the  identity  of  and  compensation  to be paid to any proposed
underwriter  or  underwriters  to  be employed in connection with such Offering.

     4.     COSTS AND EXPENSES.  The Company shall pay all costs and expenses in
connection  with  the Registration under this Agreement; provided, however, that
                                                         --------  -------
Newbridge  shall  bear  the fees and expenses of its own counsel and accountants
and  any selling expenses relating to Registrable Shares registered on behalf of
Newbridge  in  connection  with such Offering, including without limitation, any
transfer  taxes,  underwriting  discounts  or  commissions.

5.     NOTICES.  All  notices  and  other  communications provided for hereunder
must  be  in writing and shall be deemed to have been given on the same day when
personally  delivered or sent by confirmed facsimile transmission or on the next
business  day  when  delivered  by  receipted  courier  service  or on the third
business day when mailed with sufficient postage, certified mail, return receipt
requested,  to  the  following  addresses:

If to the Company:     Power2Ship, Inc.
                       903 Clint Moore Road
                       Boca Raton, FL 33487
                       Attn: Richard Hersh, CEO

If to Newbridge:       Newbridge Securities Corporation
                       1451 W. Cypress Creek Road, Suite 204
                       Ft. Lauderdale, FL 33309
                       Attn:  Guy S.  Amico, President

or to such other address as any party shall have furnished to the other parties
pursuant to this Section 5.

     6.     ENTIRE  AGREEMENT;  MODIFICATION  OF  AGREEMENT;  CONSENTS.  This
Agreement  constitutes  the  entire  agreement  between  the parties hereto with
respect to the subject matter hereof.  Changes in or additions to this Agreement
may  be  made  and/or compliance with any covenant or condition herein set forth
may  be  omitted  only  upon  written  consent  of  all  the  parties  hereto.

     7.     SUCCESSORS  AND  ASSIGNS.  This Agreement shall be binding upon and
inure  to  the  benefit  of  the  parties  hereto and their respective permitted
successors,  transferees  and  assigns.

     8.     GOVERNING  LAW.  This  Agreement shall be  construed and enforced in
accordance  with  the  laws of the State of Florida without regard to any of its
principles  of  conflicts  of  law.

     9.     COUNTERPARTS.  This Agreement may be executed in counterparts, each
of which shall be deemed an original and both of which together shall constitute
one  and  the  same  agreement.

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Registration Rights
Agreement  to  be  duly  executed  as  of  the  date  first  set  forth  above.

                                             POWER2SHIP, INC.

                                             By:
                                                --------------------------------
                                             Name:
                                                --------------------------------
                                             Its:
                                                --------------------------------

                                             NEWBRIDGE SECURITIES CORPORATION

                                             By:
                                                --------------------------------
                                             Name:
                                                --------------------------------
                                             Its:
                                                --------------------------------

<PAGE>EXHIBIT 4.2

NEITHER  THIS  DEBENTURE  NOR  THE  SECURITIES  INTO  WHICH  THIS  DEBENTURE  IS
CONVERTIBLE  HAVE  BEEN  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE  "ACT")  OR  ANY  STATE  SECURITIES LAWS AND NEITHER THIS DEBENTURE NOR ANY
       ---
INTEREST THEREIN NOR THE SECURITIES INTO WHICH THIS DEBENTURE IS CONVERTIBLE MAY
BE  OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT
TO  AN  EFFECTIVE  REGISTRATION  STATEMENT  UNDER  SUCH  ACT AND SUCH LAWS OR AN
EXEMPTION  FROM  REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION
OF  COUNSEL  SATISFACTORY  TO  THE  COMPANY,  IS  AVAILABLE.

                      14.25% SECURED CONVERTIBLE DEBENTURE

$                                                                          ,2004
 -----------------                                          ---------------

     FOR VALUE RECEIVED, POWER2SHIP, INC., a Nevada corporation (the "Company"),
                                                                      -------
hereby  promises to pay to                      (the "Holder") having an address
                           --------------------       ------
at                                    on  December  31,  2006,  or  earlier upon
  -----------------------------------
prepayment  of  this  Debenture  as  provided  herein,  the  principal  sum  of
                 DOLLARS ($        ), together with simple interest (computed on
-----------------          -------
the  basis  of  a 360-day year of twelve 30-day months) on the unpaid balance at
the  rate  of  fourteen and one-quarter percent (14.25%) per annum from the date
hereof  until  the  principal  hereof  shall  have  been  paid.

     The  Company  shall  pay  interest  semi-annually in arrears on June 30 and
December  31  of  each year that any portion of the principal balance is unpaid.
Interest  payments  shall  commence  on  June  30,  2004.

All  payments  of  principal  and interest shall be made to the Holder in lawful
currency  of the United States of America to the address set forth above or such
other  address  as  to  which the Holder shall notify the Company in writing ten
(10)  days  prior  to the due date of any payment or upon any prepayment of this
Debenture  as  provided  herein.

     Subject to and in compliance with the provisions hereof, the Holder may, at
its  option,  convert all or any portion of the outstanding principal balance of
this  Debenture,  and  all or any portion of the interest accrued hereon to such
date,  into  shares  of  common  stock  of the Company (the "Common Stock") at a
                                                             ------------
conversion price (the "Conversion Price") equal to the lesser of $0.80 per share
                       ----------------
or  90%  of  the  average  closing  bid  price  of  the  Common  Stock  on  the
Over-the-Counter  Bulletin  Board  or  such other quotation system as the Common
Stock  may  be  principally  quoted  for  the  ten (10) trading days immediately
preceding  the  date  the  registration  statement  registering the Common Stock
underlying  this  Debenture is declared effective by the Securities and Exchange
Commission.  Notwithstanding the foregoing, if the registration statement is not
declared  effective  by  the  one-year  anniversary  of the final closing of the
Debentures,  then  the conversion price shall equal the lesser of $.80 per share
or  90%  of the average closing bid price of the common stock for the 10 trading
days  immediately preceding the one-year anniversary of the final closing of the
Debentures,  but  in no event less than $0.25 per share. The Holder hereof shall
communicate  its intention to convert all or any portion of the principal amount
of  this  Debenture  and  all  or  any  portion of interest accrued through such
conversion  date  by  surrendering  this  Debenture,  with the Form of Notice of
Election to Convert attached as EXHIBIT "A" hereto duly completed and signed, to
the  Company  at  its  address  for  notice  set  forth  elsewhere  herein.

<PAGE>

     The  Debenture  shall  automatically  convert  into  Common  Stock  upon
satisfaction  of  the following conditions: (i) the Company is not in default of
any  provision of this Debenture (not taking into account any cure period), (ii)
the  Common Stock underlying the Debenture has been registered for sale with the
Securities  and  Exchange  Commission  on  the  date  of such conversion and the
Company  is  otherwise  in  compliance  with the terms of the Registration Right
Agreement  (the "Registration Rights Agreement") of even date herewith and (iii)
                 ----------------------------
the  closing  bid  price of the Common Stock for the 20 consecutive trading days
prior  to  conversion has been equal to at least 150% of the conversion price as
determined  herein.  Upon  satisfaction  of  such  conditions, the Company shall
notify the Holder in writing of the conversion and shall promptly deliver to the
Holder one or more stock certificates evidencing the Common Stock into which the
Debenture  was  converted. Delivery of the stock certificates may be conditioned
upon  the Holder surrendering this Debenture or indemnifying the Company if such
Debenture  is  misplaced.

The Company may, at its option, redeem the outstanding portion of this Debenture
as  follows:

<TABLE>
<CAPTION>

 Redemption Date:                                          Redemption Price:
-------------------------------------------  ----------------------------------------------
<S>                                          <C>
 Up to 1st Anniversary                       110% of outstanding principal balance in cash,
                                             plus an additional 10% of the outstanding
                                             principal balance in Common Stock, plus
                                             accrued but unpaid interest in cash

 After 1st Anniversary up to 2nd             110% of outstanding principal balance in cash,
        Anniversary                          plus an additional 5% of the outstanding
                                             principal balance in Common Stock, plus
                                             accrued but unpaid interest in cash

 After 2nd Anniversary up to 3rd             105% of outstanding principal balance in cash,
        Anniversary                          plus an additional 5% of the outstanding
                                             principal balance in Common Stock, plus
                                             accrued but unpaid interest in cash
</TABLE>

     For  the  purposes  of  the  preceding paragraph, the Common Stock shall be
valued  at  the  average  closing  bid  price  of  the  Common  Stock  on  the
Over-the-Counter  Bulletin  Board  or  such other quotation system as the Common
Stock  may  be  principally  quoted  for  the  ten (10) trading days immediately
preceding  the date the conversion becomes effective.  To so redeem, the Company
shall provide written notice to the Holder of its intent to redeem, which notice
shall specify the amount of the Debenture that the Company intends to redeem and
the  closing  date  (which shall be on the fifteenth (15) business day after the
date  of  such  notice).  The  Holder may, at its option, convert any portion of
this  Debenture  after  the  date  of  the  written  notice,  provided that such
conversions  are received by the Company at least two (2) business days prior to
the  closing  date  specified  in  the  written  notice.

<PAGE>

     If  the  Holder  elects to convert less than the entire principal amount of
this  Debenture and interest accrued to the date of such conversion, the Company
shall issue or cause to be issued and delivered to the Holder, at its expense, a
new Debenture evidencing the outstanding amount of principal due hereunder after
giving  effect  to  the  amount  applied to the conversion, which such Debenture
shall, except as to the principal amount thereof, be identical to this Debenture
in  all  respects.

     If  the  Company, at any time while this Debenture is outstanding shall (a)
pay a stock dividend or otherwise make a distribution or distributions on shares
of  its Common Stock or any other equity or equity equivalent securities payable
in shares of Common Stock, (b) subdivide outstanding shares of Common Stock into
a larger number of shares, (c) combine (including by way of reverse stock split)
outstanding shares of Common Stock into a smaller number of shares, or (d) issue
by reclassification of shares of the Common Stock any shares of capital stock of
the  Company,  then  the  Conversion  Price shall be multiplied by a fraction of
which  the  numerator  shall  be the number of shares of Common Stock (excluding
treasury  shares,  if  any)  outstanding  before  such  event  and  of which the
denominator shall be the number of shares of Common Stock outstanding after such
event.  Any  adjustment  made  pursuant  to  this Section shall become effective
immediately after the record date for the determination of stockholders entitled
to  receive such dividend or distribution and shall become effective immediately
after  the  effective  date  in  the  case  of  a  subdivision,  combination  or
re-classification.

     If  the  Company  shall (i) fail to make a payment of principal or interest
when  due;  or  (ii)  make  an  assignment for the benefit of creditors, files a
petition  in  bankruptcy, be adjudicated insolvent or bankrupt, suffers an order
for  relief  under any federal bankruptcy law, petition or apply to any tribunal
for  the  appointment of a custodian, receiver or any trustee for the Company or
any  substantial  part of its assets, or (iii) commence any proceeding under any
bankruptcy,  reorganization,  arrangement,  readjustment of debt, dissolution or
liquidation  law  or  statue  of  any  jurisdiction, whether now or hereafter in
effect;  or  (iv)  have been filed any such petition or application, or any such
proceeding  shall  have  been  commenced  against  the  Company,  which  remains
undismissed,  unstayed  or unbonded for a period of thirty (30) days or more; or
(v) by any act or omission shall indicate consent to, approve or acquiescence in
any  such petition, application or proceeding or the appointment of a custodian,
receiver  or  any  trustee for all or any substantial part of its properties, or
(vi)  allow  such  custodianship,  receivership,  or  trusteeship  to  continue
undischarged,  unstayed or unbonded for a period of thirty (30) days or more, or
(vii)  violate  any  term or provision of this Debenture (except as set forth in
subsection  (i) of this paragraph), the Security Agreements entered into between
the  Company  and the Holders  (the "Security Agreements") of even date herewith
                                     -------------------
or  the  Registration  Rights Agreement and same remains uncured for a period of
ten  (10) business days after notice thereof by the Holder (unless a longer cure
period  is  set  forth in any of the aforementioned agreements), then and in any
such  event,  the  outstanding principal amount of this Debenture, together with
all accrued and unpaid interest thereon, shall be and become immediately due and
payable.  For  purposes of (i), above, the payment of interest subsequent to its
due  date  by  withdrawal from the account established under one of the Security
Agreements  for the purpose of securing the payment of interest, shall be deemed
to  have  been  paid  when  due.

<PAGE>

     This  Debenture  is  secured  by  the  Security  Agreements.

     All  notices  and other communications provided for herein shall be sent by
certified  mail,  return  receipt  requested,  or  by  personal delivery or by a
nationally  recognized  overnight courier to the Holder or the Company, at their
respective  addresses  as set forth herein, or to such other address as to which
either  party  may  advise  the  other  by  notice given in accordance with this
provision. All such notices shall be deemed given upon the earlier of receipt or
within  five  (5)  business  days  of  mailing  if  receipt  is  refused.

     Notwithstanding  any other provision of this Debenture, interest under this
Debenture  shall not exceed the maximum rate permitted by law; and if any amount
is  paid  under  this Debenture as interest in excess of such maximum rate, then
the amount so paid will not constitute interest but will constitute a prepayment
on  account  of  the  principal  amount  of  this Debenture.  If at any time the
interest rate under this Debenture would, but for the provision of the preceding
sentence,  exceed  the  maximum  rate  permitted  by  law,  then the outstanding
principal  balance  of  this  Debenture  shall,  on demand by the Holder of this
Debenture,  become  and  be  due  and  payable.

     All  payments  under this Debenture shall be made without deduction for any
taxes  of  any  nature  now  or  hereafter  imposed.

     The  provisions  of  this  Debenture  shall  in  all  respects be construed
according  to, and the rights and liabilities of the parties hereto and shall in
all  respects  be governed by, the laws of the State of Florida.  This Debenture
shall  be  deemed  a  contract made under the laws of the State of Florida to be
fully  performed  therein, and the validity of this Debenture and all rights and
liabilities  hereunder  shall be determined under the laws of said State without
reference  to  the  conflicts  of  laws provisions thereof.  For purposes of any
proceeding involving this Debenture, the Company and the Holder hereby submit to
the  exclusive  jurisdiction  of  the  courts of the State of Florida and of the
United  States  having  jurisdiction in the County of Broward, State of Florida,
and  agree  not  to  raise  and waive any objection to or defense based upon the
venue  of  any  such  court  or  based  upon  forum  non  conveniens.

     In  the  event  this  Debenture  is  placed in the hands of an attorney for
collection or for enforcement or protection of the security, or if Holder incurs
any costs incident to the collection of the indebtedness evidenced hereby or the
enforcement  or  protection of the security, the Company agrees to pay to Holder
all  reasonable  attorneys'  fees so incurred, all court and other costs and the
reasonable  costs  of any other collection efforts, including all costs incurred
in  collecting  any judgment and in any appellate or bankruptcy proceeding.  The
Company  agrees  to  pay  any documentary stamp taxes, intangible taxes or other
taxes  which may now or hereafter apply to this Debenture or any payment made in
respect  of  this  Debenture.

     No delay or omission on the part of the Holder in the exercise of any right
hereunder  shall  operate  as a waiver of such right or of any other right under
this  Debenture.  A  waiver by the Holder of any right or remedy conferred to it
hereunder  on any one occasion shall not be construed as a bar to, or waiver of,
any  such  right  and/or  remedy as to any future occasion.  The Company and all
persons  now or hereafter becoming obligated or liable for the payment hereof do
jointly  and  severally  waive demand, notice of non-payment, protest, notice of
dishonor  and  presentment.  No failure to accelerate the indebtedness evidenced
hereby  by  reason of default hereunder, acceptance of a past-due installment or
other indulgences granted from time to time, shall be construed as a novation of
this  Debenture  or as a waiver of such right of acceleration or of the right of
the  Holder  thereafter  to insist upon strict compliance with the terms of this
Debenture  or to prevent the exercise of such right of acceleration or any other
right  granted  hereunder  or  by  applicable  law.

<PAGE>

     This  Debenture may be amended only by a written instrument executed by the
Company  and  the  Holder.

THE  COMPANY  HEREBY  KNOWINGLY,  VOLUNTARILY AND INTENTIONALLY WAIVES THE RIGHT
WHICH  IT  MAY  HAVE TO A TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF
ACTION  BASED  HEREON, OR ARISING OUT OF, UNDER OR IN ANY WAY CONNECTED WITH THE
DEALINGS  BETWEEN  THE  HOLDER AND THE COMPANY, THIS DEBENTURE, OR ANY DOCUMENTS
EXECUTED  IN  CONNECTION  HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING,
STATEMENTS  (WHETHER  ORAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO OR THERETO
IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT,
TORT,  EQUITY  OR  OTHERWISE.  THIS  PROVISION  IS A MATERIAL INDUCEMENT FOR THE
HOLDERS  EXTENDING  THE  LOAN  EVIDENCED  BY  THIS  DEBENTURE.

                   REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
                             SIGNATURE PAGE FOLLOWS

<PAGE>

     IN  WITNESS  WHEREOF,  POWER2SHIP,  INC.  has  caused  this  14.25% Secured
Convertible  Debenture  to  be  executed  in  its  corporate  name  by its Chief
Executive  Officer,  thereunto  duly  authorized.

Dated:                 ,  2004
      -----------------

                                   THE  COMPANY:
                                   ------------

                                   POWER2SHIP,  INC.

                                   By:
                                      ------------------------------------
                                      Richard  Hersh

<PAGE>

                                   EXHIBIT "A"

                              NOTICE OF CONVERSION

(To be Executed by the Holder
in order to Convert this Debenture)

The undersigned hereby elects to convert the attached 14.25% Secured Convertible
Debenture  into shares of common stock (the "Common Stock"), of Power2Ship, Inc.
                                             ------------
(the  "Company")  according  to  the  conditions  hereof, as of the date written
       -------
below.  If  shares  are  to  be  issued  in  the name of a person other than the
undersigned,  the  undersigned  will pay all transfer taxes payable with respect
thereto  and is delivering herewith such certificates and opinions as reasonably
requested by the Company in accordance therewith.  No fee will be charged to the
holder  for  any  conversion,  except  for  such  transfer  taxes,  if  any.

Conversion calculations:         --------------------------------------------
                                 Date to Effect Conversion

                                 ---------------------------------------------
                                 Principal Amount of Debenture to be Converted

                                 Payment  of  Interest  in  Kind       [ ] Yes
                                                                        [ ] No

                                    If  yes,  $       of  Interest  Accrued  on
                                               ------ Account of Conversion at
                                                      Issue

                                 ---------------------------------------------
                                 Number of shares of Common Stock to be Issued

                                 ---------------------------------------------
                                 Applicable  Conversion  Price

                                 ---------------------------------------------
                                 Signature

                                 ---------------------------------------------
                                 Name

                                 ---------------------------------------------
                                 Address

<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]