Document:

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                                                                     EXHIBIT 4.1

NEITHER THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE
STATE SECURITIES LAWS.

THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED AND THE
SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT CANNOT BE SOLD OR TRANSFERRED IN
THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE WARRANT OR
STOCK UNDER SUCH ACT AND APPLICABLE LAWS OR SOME OTHER EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF SUCH ACT AND APPLICABLE LAWS OR AN OPINION OF
COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
REQUIRED.

                                     WARRANT

        TO PURCHASE SERIES D CONVERTIBLE PREFERRED STOCK OR COMMON STOCK,
                             AS SET FORTH BELOW, OF

               WORLD COMMERCE ONLINE, INC., A DELAWARE CORPORATION

            EXPIRING AT THE END OF THE OPTION PERIOD (DEFINED BELOW)

         This Is To Certify That Interprise Technology Partners, L.P.
("INTERPRISE" or the "HOLDER") or registered assigns, is entitled to purchase
from World Commerce Online, Inc., a Delaware corporation (the "COMPANY"), at any
time until 5 P.M. Eastern Time, on August 14, 2005 (the "OPTION PERIOD") but not
thereafter, at an exercise price per share as set forth below, such number of
fully paid and non-assessable shares of the Company (the shares issuable
pursuant to this warrant are referred to as "WARRANT SHARES"), as set forth
below, subject to adjustment as hereinafter provided.

         ss.1. Exercise of Warrant.

         (a) Exercise by Payment. To exercise this Warrant in whole or in part,
the holder hereof shall deliver to the Company at its principal office in
Orlando, Florida, (a) a written notice, in substantially the form of the
Subscription Notice appearing at the end of this Warrant, of such holder's
election to exercise this Warrant, which notice shall specify the number of
Warrant Shares to be purchased, (b) a certified check drawn on, or official bank
check, payable to the Company in an amount equal to the multiple of the Exercise
Price (as adjusted) and the number of

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Warrant Shares being purchased, and (c) this Warrant. The Company shall as
promptly as practicable, and in any event within 20 days thereafter, execute and
deliver or cause to be executed and delivered, in accordance with such notice, a
certificate or certificates representing the aggregate number of Warrant Shares
specified in such notice. The stock certificate or certificates so delivered
shall be in the denomination of 100 shares each or such lesser or greater
denomination as may be specified in such notice and shall be issued in the name
of such holder or such other name as shall be designated in such notice. Such
certificate or certificates shall be deemed to have been issued and such holder
or any other person so designated to be named therein shall be deemed for all
purposes to have become a holder of record of such Warrant Shares as of the date
such notice is received by the Company as aforesaid. If this Warrant shall have
been exercised only in part, the Company shall, at the time of delivery of said
certificate or certificates, deliver to such holder a new Warrant evidencing the
rights of such holder to purchase the remaining shares of Common Stock called
for by this Warrant, which new Warrant shall in all other respects be identical
to this Warrant, or, at the request of such holder, appropriate notation may be
made on this Warrant and the same returned to such holder. The Company shall pay
all expenses, taxes and other charges payable in connection with the
preparation, issue and delivery of such stock certificates and new Warrants,
except that, in case such stock certificates or new Warrants shall be registered
in a name or names other than the name of the holder of this Warrant, funds
sufficient to pay all stock transfer taxes that are payable upon the issuance of
such stock certificate or certificates or new Warrants shall be paid by the
holder hereof at the time of delivering the notice of exercise mentioned above.

         (b) Deleted.

         (c) Valid Issuance. All shares of stock issued upon the exercise of
this Warrant shall be validly issued, fully paid and nonassessable and, if the
class or series of Warrant Shares is then listed on a national securities
exchange, shall be duly listed thereon.

         (d) Exercise Price.

             (i) If the class of Warrant Shares is Series D Convertible
Preferred Stock, par value $.001 ("SERIES D PREFERRED STOCK"), the exercise
price per Warrant Share (the "EXERCISE PRICE") shall be the lesser of:

                 (A) $8.00 based on each share of Series D Preferred Stock being
initially convertible into one share of Common Stock, par value $.001, subject
to adjustment as set forth in this Warrant; or

                 (B) the price per share of Series D Preferred Stock issued in
an investment of no less than $10,000,000 in Series D Preferred Stock that
closes

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prior to February 14, 2001 (an investment of no less than $10,000,000 in Series
D Preferred Stock that closes prior to February 14, 2001 is referred to as a
"QUALIFIED SERIES D INVESTMENT"), subject to adjustment as set forth in this
Warrant.

             (ii) If the class of Warrant Shares is Common Stock, par value
$.001 ("COMMON STOCK"), then the Exercise Price shall be as set forth in Section
1(e) below, subject to adjustment as set forth in this Warrant.

         (e) Number and Class of Warrant Shares. The number and class of shares
of Warrant Shares shall be determined as follows:

             (i) Number, Generally. The total number of Warrant Shares shall
equal the quotient obtained by dividing $900,000 by the Exercise Price, as
adjusted pursuant to this Warrant. The Warrant shall vest in accordance with
Section 1(f) below.

             (ii) Determination of Number and Class of Warrant Shares.

                 (A) In the event that the holder exercises this Warrant after a
Qualified Series D Investment, then this Warrant shall be exercisable for Series
D Preferred Stock.

                 (B) Notwithstanding Section 1(e)(ii)(A) above, in the event
that the holder exercises this Warrant after a Qualified Series D Investment,
but all or any portion of the Company's Series D Preferred Stock has then been
redeemed or converted into shares of the Company's Common Stock in accordance
with the Company's Certificate of Incorporation, then this Warrant shall be
exercisable for that number of shares of the Company's Common Stock equal to the
number of shares of the Common Stock that would have been received if this
Warrant had been exercised in full and the Series D Preferred Stock received
thereupon had been converted immediately prior to such event, and the Exercise
Price shall be adjusted to equal the quotient obtained by dividing (x) the
aggregate Exercise Price of the maximum number of shares of Series D Preferred
Stock for which this Warrant was exercisable immediately prior to such
conversion or redemption, by (y) the number of shares of Common Stock for which
this Warrant is exercisable immediately after such conversion or redemption.

                 (C) In the event that the holder exercises this Warrant after
the closing of a Common Qualified Investment (as defined below), then this
Warrant shall be exercisable for that number of shares of the Company's Common
Stock equal to the quotient obtained by dividing (x) $150,000 plus (y) $75,000
for each $500,000 of the Loan Amount advanced by Interprise to the Company
pursuant to the Loan and Pledge Agreement of even date hereof between Interprise
and the Company (the "LOAN AGREEMENT") by the lesser of $8 or the price per
share of the Common Stock issued in the Common Qualified Investment (subject to

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adjustment for any stock split, consolidation or reorganization of the Common
Stock or the issuance of any stock dividends in Common Stock, and subject to
adjustment as per Section 7 below), and the Exercise Price shall be adjusted to
equal the lesser of $8 or the price per share of the Common Stock issued in the
Common Qualified Investment (subject to adjustment for any stock split,
consolidation or reorganization of the Common Stock or the issuance of any stock
dividends in Common Stock, and subject to adjustment as per Section 7 below).
For purposes of this Warrant, the term "COMMON QUALIFIED INVESTMENT" shall mean
an underwritten public offering, pursuant to an effective registration statement
under the Securities Act of 1933 as amended, covering the offer and sale of
Common Stock for the account of the Company in which the aggregate net proceeds
to the Company equal at least $10,000,000 and that closes prior to February 12,
2001 (each of the Series D Qualified Investment and Common Qualified Investment
investments is referred to as a "QUALIFIED INVESTMENT").

                 (D) In the event that the holder exercises this Warrant after
February 14, 2001 and there has not been a Qualified Investment, then this
Warrant shall be exercisable for that number of shares of the Company's Common
Stock equal to the quotient obtained by dividing (x) $150,000 plus (y) $75,000
for each $500,000 of the Loan Amount advanced by Interprise to the Company
pursuant to the Loan Agreement, by $4 (subject to adjustment for any stock
split, consolidation or reorganization of the Common Stock or the issuance of
any stock dividends, and subject to adjustment as per Section 7 below), and the
Exercise Price shall be adjusted to $4.

         (f) Vesting. The Warrant shall vest as follows:

                 (A) Upon signing of this Warrant, the number of Warrant Shares
shall equal the quotient obtained by dividing $150,000 by the Exercise Price
upon exercise.

                 (B) For each $500,000 of the Loan Amount advanced by Interprise
to the Company pursuant to the Loan Agreement, an additional number of Warrant
Shares shall vest, equal to the quotient obtained by dividing $75,000 by the
Exercise Price upon exercise.

The number of vested Warrant Shares can be expressed in a mathematical formula
as follows:

    $150,000 + [$75,000 for each $500,000 advanced under the Loan Agreement]
--------------------------------------------------------------------------------
                               The Exercise Price

Then number of vested Warrant Shares is subject to adjustment as provided in
this Warrant, including as provided in Section 1(e)(ii).

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         (g) Fractional Shares. The Company shall not be required upon any
exercise of this Warrant to issue a certificate representing any fraction of a
Warrant Share, but, in lieu thereof, shall pay to the holder of this Warrant
cash in an amount equal to a corresponding fraction (calculated to the nearest
1/100 of a share) of the market value of one Warrant Share as of the date of
receipt by the Company of notice of exercise of this Warrant, as determined in
good faith by the Board of Directors of the Company.

         (h) This Warrant may be exercised, in whole or in part, in one or more
exercises.

         ss.2. Transfer, Division and Combination.

         The Company agrees to maintain at its principal office in Orlando,
Florida, books for the registration and transfer of the Warrants, and this
Warrant and all rights hereunder are transferable, in whole or in parts, on such
books at such office, upon surrender of this Warrant at such office, together
with a written assignment of this Warrant duly executed by the holder hereof or
his agent or attorney and funds sufficient to pay any stock transfer taxes
payable upon the making of such transfer. Upon such surrender and payment the
Company shall execute and deliver a new Warrant or Warrants in the name of the
assignee or assignees and in the denominations specified in such instrument of
assignment, and this Warrant shall promptly be canceled. If and when this
Warrant is assigned in blank, the Company may (but shall not be obliged to)
treat the bearer hereof as the absolute owner of this Warrant for all purposes
and the Company shall not be affected by any notice to the contrary. A Warrant
may be exercised by a new holder for the purchase of Warrant Shares without
having a new Warrant issued.

         This Warrant may be divided or combined with other Warrants upon
presentation hereof at such principal office in Orlando, Florida, together with
a written notice specifying the names and denominations in which new Warrants
are to be issued, signed by the holder hereof or his agent or attorney. Subject
to compliance with the preceding paragraph as to any transfer that may be
involved in such division or combination, the Company shall execute and deliver
a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided
or combined in accordance with such notice.

         The Company shall pay all expenses, taxes (other than stock transfer
taxes) and other charges payable in connection with the preparation, issue and
delivery of Warrants hereunder.

         ss.3.      Certain Covenants.

         The Company covenants and agrees that:

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               (a) it will at all times reserve and set apart and have, free
         from preemptive rights, a number of shares of authorized but unissued
         Common Stock sufficient to enable it at any time to fulfill all its
         obligations hereunder;

               (b) before taking any action that would cause an adjustment
         reducing the Exercise Price below the then par value of the shares of
         Common Stock issuable upon exercise of the Warrants, the Company will
         take any corporate action that may be necessary in order that the
         Company may validly and legally issue fully paid and nonassessable
         shares of such Common Stock at such adjusted Exercise Price; and

               (c) it will not, by charter amendment or through reorganization,
         consolidation, merger, dissolution or sale of assets, or by any other
         voluntary act, avoid or seek to avoid the observance or performance of
         any of the covenants, stipulations or conditions to be observed or
         performed hereunder by the Company.

         ss.4. Notices.

         In case the Company proposes

               (a) to pay any dividend payable in stock (of any class or
         classes) or in Convertible Securities upon its Series D Preferred Stock
         or Common Stock or make any distribution (other than ordinary cash
         dividends) to the holders of its Series D Preferred Stock or Common
         Stock, or

               (b) to grant to the holders of its Series D Preferred Stock or
         Common Stock generally any rights or options, or

               (c) to effect any capital reorganization or reclassification of
         capital stock of the Company, or

               (d) to consolidate with, or merge into, any other corporation or
         to transfer its property as an entirety or substantially as an
         entirety, or

               (e) to effect the liquidation, dissolution or winding up of the
         Company,

then the Company shall cause notice of any such intended action to be given to
all holders of record of outstanding Warrants not less than 30 days before the
date on which the transfer books of the Company shall close or a record be taken
for such stock dividend, distribution or granting of rights or options, or the
date when such capital reorganization, reclassification, consolidation, merger,
transfer, liquidation, dissolution or winding up shall be effective, as the case
may be.

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         Any notice or other document required or permitted to be given or
delivered to holders of record of Warrants shall be mailed first-class postage
prepaid to each such holder at the last address shown on the books of the
Company maintained for the registry and transfer of the Warrants. Any notice or
other document required or permitted to be given or delivered to holders of
record of Common Stock issued pursuant to Warrants shall be mailed first-class
postage prepaid to each such holder at such holder's address as the same appears
on the stock records of the Company. Any notice or other document required or
permitted to be given or delivered to the Company shall be mailed first class
postage prepaid to the principal office of the Company, at 9677 Tradeport Drive,
Orlando, Florida 32837, or delivered to the office of one of the Company's
executive officers at such address, or such other address within the United
States of America as shall have been furnished by the Company to the holders of
record of such Warrants and the holders of record of such Common Stock.

         ss.5. Limitation of Liability; Not Stockholders; Rights of the Holder.

         No provision of this Warrant shall be construed as conferring upon the
holder hereof the right to vote or to consent or to receive dividends or to
receive notice as a stockholder in respect of meetings of stockholders for the
election of directors of the Company or any other matter whatsoever as
stockholders of the Company. No provision hereof, in the absence of affirmative
action by the holder hereof to purchase Warrant Shares, and no mere enumeration
herein of the rights or privileges of the holder hereof, shall give rise to any
liability of such holder for the purchase price or as a stockholder of the
Company, whether such liability is asserted by the Company, creditors of the
Company or others.

         Without limiting the foregoing or any remedies available to the holder
hereof, the holder will be entitled to specific performance of the obligations
hereunder, and injunctive relief against actual or threatened violations of the
obligations of any person subject to, this Warrant.

         Upon exercise of this Warrant, the holders of the Warrant Shares shall
have and be entitled to exercise, together with all other holders of Registrable
Securities possessing Registration Rights under the Registration Rights
Agreement dated as of November 11, 1999 and all successor agreements (the
"RRA"), the rights of registration granted under the RRA to Registrable
Securities (with respect to the shares issued upon exercise of this Warrant).

         ss.6. Loss, Destruction, etc, of Warrants.

         Upon receipt of evidence reasonably satisfactory to the Company of the
loss, theft, mutilation or destruction of any Warrant, and in the case of any
such loss, theft or destruction upon delivery of a bond of indemnity in such
form and amount

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as shall be reasonably satisfactory to the Company, or in the event of such
mutilation upon surrender and cancellation of the Warrant, the Company will make
and deliver a new Warrant, of like tenor, in lieu of such lost, stolen,
destroyed or mutilated Warrant. Any Warrant issued under the provisions of this
Section 6 in lieu of any Warrant alleged to be lost, destroyed or stolen, or of
any mutilated Warrant, shall constitute an original contractual obligation on
the part of the Company.

         ss.7. Adjustment.

               The number of Warrant Shares and the Exercise Price shall be
subject to adjustment from time to time or upon exercise as provided in this
Section 7.

         (a) Split, Subdivision or Consolidation of Shares, Adjustment to
Initial Conversion Ratio of Series D Preferred Stock.

             (i) If the Company shall split, subdivide or combine the
securities as to which purchase rights exist under this Warrant, into a
different number of securities of the same class, the number of Warrant Shares
after such consolidation or subdivision will be increased or reduced, as the
case may be, such increase or decrease, as the case may be, to become effective
immediately after the opening of business on the day following the day upon
which such subdivision or combination becomes effective, and in each case, the
Exercise Price shall be adjusted accordingly. The holder hereof will not be
entitled to receive a fraction of a share of stock.

             (ii) At such time as the Company designates the Series D
Preferred Stock, if the initial conversion ratio between the Series D Preferred
Stock and the Common Stock is not 1:1, the initial Exercise Price for the Series
D Preferred Stock shall be adjusted proportionally as of the date of designation
of the Series D Preferred Stock.

         (b) Stock Dividends. In the event that the holders of the securities as
to which purchase rights under this Warrant exist shall have received or become
entitled to receive, without payment therefor, other or additional stock or
securities or property (other than cash) of the Company by way of dividend, then
in each case, the this Warrant shall represent the right to acquire, in addition
to the number of Warrant Shares indicated in the caption of this Warrant, and
without payment of any additional consideration therefor, the amount of such
other securities or property (other than cash) of the Company to which the
holder hereof would have been entitled had this Warrant been exercised prior to
the distribution of the dividend and had thereafter such holder retained such
shares and/or all other additional stock available to it during the period prior
to the exercise of this Warrant, giving effect to all adjustments called for in
this Section 7, and in each case, the Exercise Price shall be adjusted
accordingly.

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         (c) Merger or Reorganization, etc. If at any time while this Warrant,
or any portion thereof, is outstanding and unexpired there shall be (i) a
reorganization (other than a combination, reclassification, exchange or
subdivision of shares otherwise provided for herein), (ii) a merger or
consolidation of the Company with or into another corporation in which the
Company is not the surviving entity, or a reverse triangular merger in which the
Company is the surviving entity but the shares of the Company's capital stock
outstanding immediately prior to the merger are converted by virtue of the
merger into the property, whether in the form of securities, cash, or otherwise,
or (iii) a sale or transfer of the Company's properties and assets as, or
substantially as, an entirety to any other person, then, as a part of such
reorganization, merger, consolidation, sale or transfer, lawful provision shall
be made so that the holder of this Warrant shall thereafter be entitled to
receive upon exercise of this Warrant, during the period specified herein and
upon payment of the Exercise Price then in effect, the number of shares or other
securities or property of the successor corporation resulting from such
reorganization, merger, consolidation, sale or transfer that a holder of the
shares deliverable upon exercise of this Warrant would have been entitled to
receive in such reorganization, consolidation, merger, sale or transfer if this
Warrant had been exercised immediately before such reorganization, merger,
consolidation, sale or transfer, all subject to further adjustment as provided
in this Section. If the per-share consideration payable to the holder hereof for
shares in connection with any such transaction is in a form other than cash or
marketable securities, then the value of such consideration shall be determined
in good faith by the Company's Board of Directors.

         (d) Adjustment of Number of Warrant Shares Upon Issuance of Additional
Shares of Common. In the event that prior to the exercise of this Warrant, the
Company shall issue Additional Shares of Common (as defined below) (including
Additional Shares of Common deemed to be issued pursuant to Section 7(e))
without consideration or for a consideration per share less than the Exercise
Price in effect on the date of and immediately prior to such issue, then and in
such event, the holder shall, upon the exercise or conversion of this Warrant,
be entitled to receive, without payment of any additional consideration
therefor, the increased number of Warrant Shares equal to (x) $150,000, plus
$75,000 for each $500,000 of the Loan Amount advanced by Interprise to the
Company pursuant to the Loan and Pledge Agreement of even date hereof between
Interprise and the Company, (y) divided by the product of the existing Exercise
Price (as adjusted) and a fraction (i) the numerator of which is the sum of (A)
the total number of shares of Common Stock issued and outstanding (on an as
converted basis) plus (B) the number of Additional Shares of Common Shares that
can be purchased at the existing Exercise Price for the total consideration
received or deemed to be received for the issuance or deemed issuance of
Additional Shares of Common and (ii) the denominator of which is the Common
Stock issued and outstanding (on an as converted basis) plus the number of
Additional Shares of Common issued or deemed to be issued in the new issuance or
deemed issuance.

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         (e) Issue of Securities Deemed Issue of Additional Shares of Common --
Options and Convertible Securities. In the event that prior to the exercise of
this Warrant, the Company shall issue any Options or Convertible Securities (as
those terms are defined below) (other than Options or Convertible Securities
which are not Additional Shares of Common) or shall fix a record date for the
determination of holders of any class or series of securities entitled to
receive any such Options or Convertible Securities, then the shares of Common
issuable upon the exercise of such Options or, in the case of Convertible
Securities and Options therefor, the conversion or exchange of such Convertible
Securities, shall be deemed to be Additional Shares of Common issued as of the
time of such issue or, in case such a record date shall have been fixed, as of
the close of business on such record date; provided, that in any such case in
which Additional Shares of Common are deemed to be issued:

             (i) no further adjustment in the number of shares shall be made
upon the subsequent issue of Convertible Securities or shares of Common upon the
exercise of such Options or conversion or exchange of such Convertible
Securities;

             (ii) if such Options or Convertible Securities by their terms
provide, with the passage of time or otherwise, for any increase in the
consideration payable to the Company, or decreases in the number of shares of
Common issuable, upon the exercise, conversion or exchange thereof, the number
of shares computed upon the original issue thereof (or upon the occurrence of a
record date with respect thereto), and any subsequent adjustments based thereon,
shall, provided that no shares of Common have theretofore been issued with
respect to such Options or Convertible Securities, upon any such increase or
decrease becoming effective, be recomputed to reflect such increase or decrease
insofar as it affects such Options or the rights of conversion or exchange under
such Convertible Securities;

             (iii) no readjustment pursuant to clause (ii) above shall have the
effect of decreasing the number of shares to an amount which is less than the
greater of (1) such number on the original adjustment date with respect to such
deemed issuance of Additional Shares of Common, or (2) such number that would
have resulted from any issuance of Additional Shares of Common between such
original adjustment date and such readjustment date; and

             (iv) if such Options or Convertible Securities by their terms
provide, with the passage of time or otherwise, for any decrease in the
consideration payable to the Company upon the exercise, conversion or exchange
thereof, the number computed upon the original issue thereof (or upon the
occurrence of a record date with respect thereto), and any subsequent
adjustments based thereon, shall, upon any such decrease becoming effective, be
recomputed to reflect such decrease insofar as it affects such Options or the
rights of conversion or exchange under such Convertible Securities.

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         (f) Special Definitions. For purposes of Sections 7(d) through (i), the
following definitions shall apply:

             (i) "OPTION" shall mean rights, options or warrants to subscribe
for, purchase or otherwise acquire either Common or Convertible Securities.

             (ii) "COMMON" shall mean (i) the Company's presently authorized
Common Stock as such class exists on the date of issuance of this Warrant, and
(ii) stock of the Company of any class or series thereafter authorized that
ranks, or is entitled to a participation, as to assets or dividends,
substantially on a parity with Common Stock.

             (iii) "CONVERTIBLE SECURITIES" shall mean any evidences of
indebtedness, shares or other securities directly or indirectly convertible into
or exchangeable for Common.

             (iv) "ADDITIONAL SHARES OF COMMON" shall mean all shares of Common
issued (or, pursuant to Section 7(e), deemed to be issued) by the Company after
the date hereof and prior to the exercise of this Warrant, other than:

                  (A) options issued at an exercise price per share no less than
$1.80 (as adjusted for stock splits, consolidations or stock dividends) to
officers, employees or directors of the Company under any stock option plan
adopted by the Board of Directors of the Company; provided, however, that any
shares covered by such options or rights plus any such shares issued (without
duplication as to shares issued under options) in excess of 2,277,750 shares of
Common Stock as constituted on the date of issuance of this Warrant (as adjusted
for stock splits, consolidations or stock dividends) shall be deemed to be
Additional Shares of Common;

                  (B) shares issued as a dividend or distribution on Common
Stock or any event for which adjustment is made pursuant to Sections 7(a) and
(b) hereof;

                  (C) shares issued upon conversion of Convertible Securities;
or

                  (D) shares issued by way of dividend or other distribution on
(1) shares excluded from the definition of Additional Shares of Common by the
foregoing clauses (A) through (C) or (2) shares of Common so excluded under this
clause (D).

         (g) No Adjustment of Number of Warrant Shares or Exercise Price. No
adjustment in the number of Warrant Shares or Exercise Price shall be made in
respect of the issuance of Additional Shares of Common unless the consideration
per

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share for an Additional Share of Common issued or deemed to be issued by the
Company is less than the Exercise Price in effect on the date of, and
immediately prior to, the issue of such Additional Share of Common.

         (h) Effect of "Split-up or "Split-down" on "deemed issued" shares. Upon
the effective or record date for any subdivision or combination of the Common
Stock of the character described in Section 7(a), including the issuance of a
stock dividend which is treated as such a subdivision under Section 7(b), the
number of the shares of Common Stock which are at the time deemed to have been
issued by virtue of Section 7(e), but have not actually been issued, shall be
deemed to be increased or decreased proportionately.

         (i) Computation of Consideration. For the purposes of this Section 7:

             (i) The consideration received by the Company upon the actual
issuance of Additional Shares of Common shall be deemed to be the sum of the
amount of cash and the fair value of property (as determined in good faith by
resolution of the Board of Directors of the Company as at the time of issue or
"deemed issue" in the case of the following paragraph (ii)) received or
receivable by the Company as the consideration or part of the consideration (v)
at the time of issuance of the Common, (w) for the issuance of any rights or
options upon the exercise of which such Common was issued, (x) for the issuance
of any rights or options to purchase Convertible Securities upon the conversion
of which such Common was issued, (y) for the issuance of the Convertible
Securities upon conversion of which such Common was issued, and (z) at the time
of the actual exercise of such rights, options or conversion privileges upon the
exercise of which such Common was issued, in each case without deduction for
commissions and expenses incurred by the Company for any underwriting of, or
otherwise in connection with the issue or sale of, such rights, options,
Convertible Securities or Common, but after deduction of any sums paid by the
Company in cash upon the exercise of, and pursuant to, such rights, options or
conversion privileges in respect of fractional shares of Common; and

             (ii) The consideration deemed to have been received by the Company
for Additional Shares of Common deemed to be issued pursuant to rights, options
and conversion privileges by reason of transactions of the character described
in Section 7(e) shall be the consideration (determined as provided in the
foregoing paragraph (i)) that would be received or receivable by the Company at
or before the actual issue of such shares of Common so deemed to be issued, if
all rights, options and conversion privileges necessary to effect the actual
issue of the number of shares deemed to have been issued had been exercised
(successively exercised in the case of rights or options to purchase Convertible
Securities), and the minimum consideration received or receivable by the Company
upon such exercise had been received; all computed without regard to the
possible future effect of anti-dilution provisions on such rights, options
and/or conversion privileges.

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         (j) Statement of Adjustment. Whenever the number of Warrant Shares is
adjusted pursuant to any of the foregoing provisions of this Section 7, the
Company shall promptly prepare a written statement signed by the President of
the Company, setting forth the adjustment, determined as provided in this
Section, and in reasonable detail the facts requiring such adjustment and the
calculation thereof. Such statement shall be filed among the permanent records
of the Company and a copy thereof shall be furnished to the holder of this
Warrant without request and shall at all reasonable times during business hours
be open to inspection by holders of the Warrants.

         (k) Determination by the Board of Directors. All determinations by the
Board of Directors of the Company under the provisions of this Section 7 shall
be made in good faith.

         ss.8. Governing Law.

         This Warrant shall be governed by the laws of the State of Delaware,
without giving effect to the rules respecting conflict of law.

         ss.9. Entire Agreement; Modification; Waiver. This Warrant constitutes
the entire agreement between the parties pertaining to the subject matter
herein, and supersedes all prior and contemporaneous agreements,
representations, and understandings of the parties. No supplement, modification,
or amendment of this Warrant shall be binding unless executed in writing by the
parties hereto. No waiver of any of the provisions of this Warrant shall be
deemed, or shall constitute, a waiver of any other provision, whether or not
similar, nor shall any waiver constitute a continuing waiver.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed in
its name by a duly authorized officer.

Dated:  August 14, 2000

                                    World Commerce Online, Inc.

                                    By /s/ Robert Shaw
                                       -----------------------------------------
                                       Robert Shaw, Chairman of the Board
                                       Chief Executive Officer

                                       13
<PAGE>   14

                               SUBSCRIPTION NOTICE

         The undersigned, the holder of the foregoing Warrant, hereby elects to
exercise purchase rights represented by such Warrant for, and to purchase
thereunder, __________ shares of the ____________________ Stock covered by such
Warrant and herewith makes payment in full therefor of $__________ cash, and
requests that certificates for such shares (and any securities or property
deliverable upon such exercise) be issued in the name of and delivered to
__________________________ whose address is
__________________________________________.

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

Dated:

                                       14
<PAGE>   15

                                   ASSIGNMENT

         FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto _____________________________ the rights represented by the foregoing
Warrant of ____________________ and appoints __________________________ attorney
to transfer said rights on the books of said corporation, with full power of
substitution in the premises.

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

Dated:

NOTICE: The signature to this assignment must correspond with the name as
written upon the face of the within Warrant in every particular, without
alteration or enlargement or any change whatever.

                                       15<PAGE>   1
                                                                    EXHIBIT 10.1

                            LOAN AND PLEDGE AGREEMENT

         This LOAN AND PLEDGE AGREEMENT (this "AGREEMENT") is made as of August
14, 2000, by and among World Commerce Online, Inc., a Delaware corporation (the
"COMPANY"), and Interprise Technology Partners LP ("INTERPRISE").

                                     RECITAL

         1. The Company has requested Interprise to lend it up to $5 million and
Interprise is willing to provide the loan, which loan is to be evidenced by a
Senior Secured Promissory Note secured by a pledge of all of the assets of the
Company, all subject to the terms and conditions stated herein.

                                    AGREEMENT

         In consideration of the agreements and covenants contained herein,
together with other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:

         SECTION 1. TERMS OF THE LOANS

         1.1. THE LOANS. Interprise agrees, on the terms and conditions
hereinafter set forth, to make loans to the Company in the aggregate principal
amount of Five Million Dollars ($5,000,000) (the "LOANS"). The Loans shall be
disbursed to the Company in increments of $500,000, on a documented "as
required" basis, pursuant to written requests by the Company for same, and, for
each $500,000 increment, subject to agreement by Interprise. The proceeds of the
Loans shall be used by the Company for general working capital purposes.

         1.2. THE NOTE. The Loans shall be evidenced by a Senior Secured
Promissory Note dated the date hereof (the "NOTE"), representing the obligation
of the Company to repay the Loans, together with interest thereon. A form of the
Note is attached hereto as Exhibit A. The Company authorizes Interprise to
endorse the date and amount of the Loans and any prepayment on the schedule
annexed to and constituting a part of the Note, which endorsement shall
constitute prima facia evidence of the accuracy of the information, in the
absence of manifest error. The failure to record any such amount or any error in
recording shall not, however, limit or otherwise affect the obligations of the
Company to repay the principal amount of the Loans together with all interest
accruing thereon.

         1.3. REPAYMENT. The outstanding principal and interest is payable no
later than February 12, 2001 at which time all of the outstanding and unpaid
principal and interest shall be due and payable (the "MATURITY DATE"). All
payments of principal and interest shall be made in U.S. Dollars.

<PAGE>   2

         1.4. INTEREST. Interest on the outstanding principal shall equal to ten
percent (10%) per annum (the "INTEREST RATE") and shall accrue from the date on
which principal was advanced. Interest shall be calculated on the basis of a
three hundred and sixty five (365) day year.

         1.5 WARRANT. The Company shall issue to Interprise a warrant dated the
date hereof, in the form attached hereto as Exhibit B (the "Warrant").

         SECTION 2. CONDITIONS PRECEDENT

         2.1. DOCUMENTS REQUIRED FOR CLOSING. The obligation of Interprise to
make the Loans is subject to the conditions precedent that the Company shall
have delivered to Interprise prior to the disbursement of the Loans the
following:

              (a) THIS AGREEMENT. This Agreement, duly executed by an authorized
officer of the Company and Interprise.

              (b) THE NOTE. The Note, duly executed by an authorized officer of
the Company.

              (c) THE WARRANT. The Warrant, duly executed by an authorized
officer of the Company.

              (d) DESIGNATION OF SERIES B PREFERRED STOCK. The Company shall
have filed with the Office of the Secretary of State of Delaware an Amended and
Restated Certificate of Designation of the Series B Preferred Stock increasing
the number of designated shares of its Series B Preferred Stock, par value $.001
per share, to 5,918,198.

              (e) ADDITIONAL MATTERS. All other documents in connection with the
transactions contemplated hereby reasonably requested by Interprise.

         SECTION 3. PLEDGE AND SECURITY AGREEMENTS

         3.1. SECURITY INTEREST AND PLEDGE. As security for the prompt and
complete satisfaction of all obligations of the Company under this Agreement and
the Note, whether for principal, interest, expenses or otherwise, the Company
hereby grants, transfers and assigns and pledges to Interprise all of its
respective right, title and interest in and grants Interprise a senior security
interest in the Company's assets as set forth in that UCC-1 Financing Statement
("UCC-1") filed with the Secretary of State of the State of Florida, all of even
date herewith (the "PLEDGED ASSETS").

         3.2 DEFAULT. If the Company defaults in the payment of the principal or
interest under the Note when it becomes due (whether upon acceleration or
otherwise) or any other event of default under the Note or this Agreement occurs
(including the bankruptcy or insolvency of the

                                       2
<PAGE>   3

Company), Interprise may exercise any and all the rights, powers and remedies of
any owner of the Pledged Assets and shall have and may exercise without demand
any and all the rights and remedies granted to a secured party upon default
under the Uniform Commercial Code of the State of Florida or otherwise available
to Interprise under applicable law. Without limiting the foregoing, Interprise
is authorized to sell, assign and deliver at its discretion, from time to time,
all or any part of the Pledged Assets at any private sale or public auction, on
not less than ten days written notice to the Company, at such price or prices
and upon such terms as Interprise may deem advisable. The Company shall have no
right to redeem the Pledged Assets after any such sale or assignment. At any
such sale or auction, Interprise may bid for, and become the purchaser of, the
whole or any part of the Pledged Assets offered for sale. In case of any such
sale, after deducting the costs, attorneys' fees and other expenses of sale and
delivery, the remaining proceeds of such sale shall be applied to the principal
of and accrued interest on the Note; provided that after payment in full of the
indebtedness evidenced by the Note, the balance of the proceeds of sale then
remaining shall be paid to the Company and the Company shall be entitled to the
return of any of the Pledged Assets remaining in the hands of Interprise. The
Company shall be liable for any deficiency if the remaining proceeds are
insufficient to pay the indebtedness under the Note in full, including the fees
of any attorneys employed by Interprise to collect such deficiency.

         3.3 COSTS AND ATTORNEYS' FEES. All costs and expenses (including
reasonable attorneys' fees) incurred in exercising any right, power or remedy
conferred by this Agreement or in the enforcement thereof, shall become part of
the indebtedness secured hereunder and shall be paid by the Company or repaid
from the proceeds of the sale of the Pledged Assets hereunder.

         3.4 PAYMENT OF INDEBTEDNESS AND RELEASE OF PLEDGED ASSETS. Upon payment
in full of the indebtedness evidenced by the Note, Interprise shall surrender
the Pledged Assets to the Company together with all forms of assignment.

         3.5 NO OTHER LIENS; NO SALES OR TRANSFERS. The Company hereby
represents and warrants that it has good and valid title to all of the Pledged
Assets, free and clear of all liens, security interests and other encumbrances,
and the Company hereby covenants that, until such time as all of the outstanding
principal of and interest on the Note has been repaid, the Company shall not (i)
create, incur, assure or suffer to exist any pledge, security interest,
encumbrance, lien or charge of any kind against the Pledged Assets or the
Company's rights or a holder thereof, other than pursuant to this Agreement, or
(ii) sell or otherwise transfer any Pledged Assets or any interest therein.

         3.6 FURTHER ASSURANCES. The Company agrees that at any time and from
time to time upon the written request of Interprise, the Company shall execute
and deliver such further documents (including UCC financing statements) and do
such further acts and things as Interprise may reasonably request in order to
effect the purposes of this Agreement.

         SECTION 4. REPRESENTATIONS AND WARRANTIES. In order to induce
Interprise to enter into this Agreement, the Company represents and warrants to
Interprise that:

                                       3
<PAGE>   4

         4.1. DUE ORGANIZATION, GOOD STANDING AND AUTHORITY. The Company is duly
organized, validly existing and in good standing under the laws of the state of
Delaware and is qualified to do business in every jurisdiction where necessary
in light of its business and properties, except where the failure to be so
qualified would not have a material adverse effect on the business or financial
condition of the Company. The Company has full power, authority and legal right
(a) to own or lease its assets and properties and to conduct its business as now
being conducted, (b) to incur its obligations under and to perform the terms of
this Agreement, the Note and the Warrant, and (c) to issue the Warrant and
Warrant Stock (as defined in the Warrant).

         4.2. DUE AUTHORIZATION; NON-CONTRAVENTION. The execution and delivery
by the Company of this Agreement, the Note, the Warrant and all ancillary
instruments issued hereunder, and the performance of the terms hereof and
thereof will not be, or result in, a violation, breach or default of any law,
agreement or instrument to which the Company is a party.

         4.3. VALIDITY. This Agreement, the Note and the Warrant when delivered
will be, legal, valid and binding obligations of the Company, enforceable
against the Company in accordance with their respective terms.

         4.4. SHARES. Upon exercise of the Warrant in accordance with its terms
as contemplated therein, the Warrant Stock (as defined therein) will be duly
authorized, validly issued, fully paid, and nonassessable, will not be issued in
violation of any preemptive rights, and the holders of the Warrant Stock will
have good title to such shares, free and clear of all liens, security interests,
pledges, charges, encumbrances, shareholders' agreements and voting trusts. Upon
conversion of the Warrant Stock into Common Stock in accordance with the
Certificate of Incorporation, the Common Stock then issued will be duly
authorized, validly issued, fully paid, and nonassessable, will not be issued in
violation of any preemptive rights, and the holders of the Common Stock will
have good title to such shares, free and clear of all liens, security interests,
pledges, charges, encumbrances, shareholders' agreements and voting trusts.

         4.5 COMPLIANCE. All the consents required for compliance with the terms
of this Agreement and the Note have been acquired. Compliance with the terms of
this Agreement and the Note will not cause the Company to lose any interest in
or the benefit of any asset, right, license or privilege it presently owns or
enjoys or cause any person who normally does business with the Company not to
continue to do so on the same basis as previously, and will not give rise to or
cause to become exercisable any option or right of preemption.

         4.6 NO DEFAULT. The Company is not, and shall not be as a result of
this Agreement or the Note, in default under any instrument constituting any
indebtedness or under any guarantee of any indebtedness and there is no reason
why any such indebtedness or guarantee should be called or the liabilities
thereunder accelerated before their due date (if any) or any loan facilities
terminated.

         4.7 CAPITALIZATION. The authorized capital stock of the Company
consists of 100,000,000 shares of capital stock, consisting of 90,000,000 shares
of Common Stock, par

                                       4
<PAGE>   5

value $.001 per share, and 10,000,000 shares of Preferred Stock, par value $.001
per share, of which 4,250,000 are designated as Series A Convertible Preferred
Stock, par value $.001 per share, 5,110,000 are designated as Series B
Convertible Preferred Stock, par value $.001 per share, and 91,802 are
designated as Series C Convertible Preferred Stock, par value $.001 per share.
The Company has 16,263,904 shares of Common Stock, 4,250,000 shares of Series A
Convertible Preferred Stock, 5,000,000 shares of Series B Convertible Preferred
Stock and 91,802 shares of Series C Convertible Preferred Stock issued and
outstanding. The Company is not subject to any obligation (contingent or
otherwise) to repurchase or otherwise acquire or retire any shares of its
capital stock or any warrants, options, or other rights to acquire its capital
stock, except pursuant to its Certificate of Incorporation. All of the
outstanding shares of the Company's capital stock are and shall be validly
issued, fully paid, and nonassessable.

         4.8 LITIGATION. There is no action, suit or proceeding, by or before
any governmental or regulatory authority, court, arbitral tribunal or other body
now pending (or, to the best knowledge of the Company, threatened) against or
affecting the Company or any of its properties, rights, or assets or which may
effect the legality or enforceability of this Agreement or the Note.

         SECTION 5. COVENANTS. The Company covenants and agrees that, from the
date hereof until the Maturity Date and for so long as the Loans remain
outstanding and unpaid, in whole or in part, or any other amount is owing to
Interprise under this Agreement, unless Interprise shall otherwise consent in
writing, the Company will promptly give notice to Interprise as soon as it
becomes aware of (a) any Event of Default (as defined in Section 6) or (b) any
other matter, event or thing that has had or could reasonably have a material
adverse effect on the Company or its financial condition.

         SECTION 6. EVENTS OF DEFAULT AND REMEDIES

         6.1. EVENTS OF DEFAULT. The occurrence and continuance of any one or
more of the following events (whether or not in the control of the Company)
shall constitute an Event of Default:

              (a) NONPAYMENT. The Company shall fail to make, on or before five
(5) business days after the due date, in the manner required, any payment of
principal, interest or any other sums due under this Agreement.

              (b) OTHER DEFAULTS; CURE PERIOD. The Company shall fail to observe
or perform any of its covenants contained in this Agreement, other than the
covenants and provisions relating to payments in paragraph (a) above, and the
Company shall have not remedied such default within thirty (30) business days
after such default.

                                       5
<PAGE>   6

              (c) REPRESENTATION OR WARRANTY. Any representation, warranty or
statement made or deemed to be made by the Company herein or in any document
given hereunder shall prove to have been untrue in any material respect as of
the time made.

              (d) INSOLVENCY. The Company shall generally not pay its debts as
such debts become due, or shall admit in writing its inability to pay its debts
generally, or shall make a general assignment for the benefit of creditors; or
(i) the Company shall commence any voluntary bankruptcy proceeding, or (ii)
their shall be commenced against the Company by another party any such case,
proceeding or other action in bankruptcy which remains unstayed, undismissed or
undischarged for a period of 60 days.

         6.2. ACCELERATION. On the Date of Default, there shall immediately be
due and payable to Interprise the amount of the Loans outstanding, plus accrued
interest and all other amounts owed by the Company pursuant to this Agreement.
All amounts under this Section 6 are due and payable without presentment,
demand, protest and all other notices of any kind are hereby expressly waived by
the Company.

         6.3. REMEDIES UPON EVENT OF DEFAULT.

              (a) GENERAL. Subject to Section 6.3(b) below, if any Event of
Default shall have occurred and be continuing, Interprise may proceed to protect
and enforce his rights as holder of the Note, either by suit in equity or by
action at law, or both, whether for the specific performance of any covenant or
agreement contained in this Agreement or in aid of the exercise of any power
granted in this Agreement, and may proceed to enforce the payment of all amounts
due upon the Note, and such further amounts as shall be sufficient to cover the
costs and expenses of collection (including, without limitation, reasonable
counsel fees and disbursements), or to enforce any other legal or equitable
right of the holder of the Note. In addition, Interprise shall have all the
rights of a pledgee in possession of the Pledged Assets under the applicable
provisions of law and of the Uniform Commercial Code as in effect in the State
of Florida, and any other jurisdiction where any of the Collateral is located,
and all rights and remedies provided in Section 3 of this Agreement or at law or
in equity or otherwise.

              (b) REMEDIES FOR NON-PAYMENT. If an Event of Default pursuant to
Section 6.1(a) shall have occurred, Interprise shall have the sole option to
either (i) pursue his rights under Section 6.3(a) above or (ii) extend the terms
of the Note for an additional three (3) months, in which case the Note would not
be in default but would continue to accrue interest at the non-default rate
under the Note.

              (c) REMEDIES CUMULATIVE. No remedy conferred in this Agreement or
the Note upon Interprise is intended to be exclusive of any other remedy and
each and every such remedy shall be cumulative and shall be in addition to every
other remedy given hereunder or now or hereafter existing at law or in equity or
otherwise.

              (d) REMEDIES NOT WAIVED. No course of dealing between the Company
and Interprise, and no delay or failure in exercising any rights hereunder or
under the Note in respect thereof, shall operate as a waiver of any of the
rights of Interprise.

                                       6
<PAGE>   7

         SECTION 7. MISCELLANEOUS

         7.1. NOTICES. All notices, demands or other communications in
connection with this Agreement shall be in writing and shall be delivered by
hand, sent by registered or certified mail or by facsimile addressed to the
parties as set forth below (or to such other address as the parties may
designate by notice):

         If to Interprise:

                  Interprise Technology Partners, LP
                  1001 Brickell Bay Drive, 30th Floor
                  Miami, FL  33131
                  Attention:  JC Campuzano
                  Fax:  (305) 374-3317

         With a copy (which shall not constitute notice) to:

                  Hogan & Hartson L.L.P.
                  555 13th Street, N.W.
                  Washington, D.C. 20004
                  Attention:  Mark A. Kass
                  Fax:  (202) 637-5910

         If to the Company to:

                  World Commerce Online, Inc.
                  9677 Tradeport Drive
                  Orlando, FL  32827
                  Attention:  Mark Patten
                  Fax: (407) 240-9228

         With a copy (which shall not constitute notice) to:

                  Greenberg Traurig, P.A.
                  111 North Orange Avenue, 20th Floor
                  Orlando, FL 32801
                  Attention:  Jeffery Bahnsen
                  Fax: (407) 420-5909

A notice delivered by hand to a party shall be deemed received when delivered. A
notice sent by mail shall be deemed received on the fifth business day after
mailing. A notice sent by facsimile shall be deemed received upon receipt of the
relevant confirmation or answerback.

                                       7
<PAGE>   8

         7.2. AMENDMENTS, ETC. No amendment or waiver of any provision of this
Agreement or the Note, nor consent to any departure by the Company therefrom,
shall be effective unless the same shall be in writing and signed by the
parties, and then such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given.

         7.3. COSTS AND EXPENSES. As an inducement for the general partner of
Interprise to provide services to the Company in connection with the
transactions contemplated hereby and as a further inducement for Interprise to
consummate the transactions contemplated hereby, the Company agrees to pay to
the general partner of Interprise a closing fee of $100,000, payable at the time
of the initial advance of a portion of the Loan. In addition, the Company shall
reimburse Interprise for its reasonable fees and expenses (including its
reasonable fees and expenses of its counsel and other advisors) which Interprise
has incurred in connection with the transaction. In addition, the Company agrees
to pay, and hold Interprise harmless against liability for the payment of: (i)
its reasonable fees and expenses (including its reasonable fees and expenses of
its counsel and other advisors) arising in connection with the interpretation
and enforcement of its rights under, this Agreement, the other agreements
contemplated hereby, the Certificate of Incorporation and the Company's Bylaws,
and the consummation of the transactions contemplated hereby and thereby
(including, but not limited to, reasonable fees and expenses arising with
respect to any subsequent or proposed acquisitions, sales, mergers, or
recapitalizations by the Company and its Subsidiaries); (ii) the reasonable fees
and expenses incurred with respect to any amendments or waivers (whether or not
the same become effective) under or in respect of this Agreement, the other
agreements contemplated hereby and the Articles of Incorporation and the
Company's Bylaws; (iii) reasonable travel expenses and other reasonable
out-of-pocket fees and expenses as have been or may be incurred by Interprise,
its directors, officers and employees in connection with the transactions
contemplated hereby (including, but not limited to, reasonable fees and expenses
incurred in attending Company-related meetings); and (iv) stamp and other Taxes
which may be payable in respect of the execution and delivery of this Agreement
or the issuance, delivery, or acquisition of any shares of Stock upon exercise
of the Warrant.

         7.4. INDEMNIFICATION. The Company will indemnify and hold harmless
Interprise and his agents, representatives and employees against any and all
costs, claims, losses and expenses (including reasonable attorneys' fees)
sustained or incurred as a consequence of, arising from or related to the
negotiation, execution and performance of this Agreement, the Note, the Warrant
and all collateral agreements.

         7.5. BINDING EFFECT; ASSIGNMENT OF RIGHTS. This Agreement shall become
effective when it has been executed by the parties and thereafter shall be
binding upon and inure to the benefit of the Company and Interprise and their
respective successors, transferees and assigns, except that the Company shall
not have the right to transfer or assign any of its rights or obligations
hereunder without the prior written consent of Interprise.

         7.6. GOVERNING LAW. This agreement shall be governed in accordance with
the laws of the state of Delaware, without giving effect to its choice of law
principles.

                                       8
<PAGE>   9

         7.7. COUNTERPARTS; FACSIMILE SIGNATURES. This Agreement may be executed
in counterparts and executed signature pages sent to the other party by
facsimile transmission shall be binding as evidence of such party's agreement
hereto and acceptance hereof.

         7.8. ENTIRE AGREEMENT. This Agreement and the other documents referred
to herein, constitute the entire agreement between Interprise and the Company
and no other agreements, promises, representations and warranties (express or
implied), except those expressly set forth herein have been relied upon by the
Company or have been made by Interprise.

                                       9
<PAGE>   10

         IN WITNESS WHEREOF, each of the undersigned has caused this Loan and
Pledge Agreement to be duly executed and delivered by its respective duly
authorized officers as of the day and year first above written.

                                    COMPANY:

                                    World Commerce Online, Inc.

                                    By:    /s/ Robert Shaw
                                           -------------------------------------
                                           Name:  Robert Shaw
                                           Title: Chairman of the Board
                                                  Chief Executive Officer

                                    Interprise Technology Partners, LP

                                    By:    /s/ David R. Parker
                                           -------------------------------------
                                           Name:  David R. Parker
                                           Title: Managing Partner

                                       10

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