Document:

FY2000 10K Ex4.18

Exhibit 4.18

The Warrant and the securities issuable upon exercise of this Warrant (the
"Securities") have not been registered under the Securities Act of
1933 (the "Securities Act") or under any state securities or Blue Sky
laws ("Blue Sky Laws").  No transfer, sale, assignment, pledge,
hypothecation or other disposition of this Warrant or the Securities or any
interest therein may be made except (a) pursuant to an effective registration
statement under the Securities Act and any applicable Blue Sky Laws or (b) if
the Company has been furnished with both an opinion of counsel for the holder,
which opinion and counsel shall be reasonably satisfactory to the Company, to
the effect that no registration is required because of the availability of an
exemption from registration under the Securities Act and applicable Blue Sky
Laws, and assurances that the transfer, sale, assignment, pledge, hypothecation
or other disposition will be made only in compliance with the conditions of any
such registration or exemption.

WARRANT TO PURCHASE SHARES OF COMMON STOCK

OF POPMAIL.COM, INC.

Warrant No. MCP-8          
Irving, Texas

May 22, 2000

This certifies that, for value received, BARRY GROSS, or
his successors or assigns ("Holder") is entitled to purchase from
PopMail.com, inc. (the "Company") Eighty Thousand (80,000) fully paid
and nonassessable shares (the "Shares") of the Company's Common Stock,
$.01 par value (the "Common Stock"), at any time during the period
(the "Warrant Exercise Period") and at the exercise prices (the
"Exercise Prices") set forth in Section 1, subject to adjustment as
herein provided. 

This Warrant is subject to the following provisions, terms and
conditions:

	Vesting of Warrant Shares. Holder's rights to
purchase the Shares under this Warrant are exercisable only to the extent that
all, or any portion thereof, has vested in the Holder. The Warrant shall vest in
three lots, as provided below, until fully vested:

	Lot 1. Warrants to purchase 30,000 Shares
at an Exercise Price of $1.62 per Share shall vest immediately.

	Lot 2. Warrants to purchase 30,000 Shares at
an Exercise Price of $4.00 per Share shall vest immediately.

	Lot 3.  Warrants to purchase 20,000 Shares at
an Exercise Price of $5.00 per Share shall vest when the closing price per share
of the Company's Common Stock is at or above $5.00 for ten (10) consecutive
trading days.

Notwithstanding anything to the contrary contained herein, if the lots
described in subsections (a), (b) and (c), above, have not vested by July 31,
2000, then all rights with respect to such lots shall lapse. To the extent
vested, this Warrant may be exercised, in part or in full, at any time prior to
October 12, 2004.

2.Exercise of Warrant.  

a.Exercise for Cash.  The rights represented by this Warrant
may be exercised by the Holder, in whole or in part (but not as to a fractional
share of Common Stock), by the surrender of this Warrant (properly endorsed, if
required, at the Company's principal office in Irving, Texas, or such other
office or agency of the Company as the Company may designate by notice in
writing to the Holder at the address of such Holder appearing on the books of
the Company at any time within the period above named), and upon payment to it
by certified check, bank draft or cash of the purchase price for such Shares.
The Company agrees that the Shares so purchased shall have and are deemed to be
issued to the Holder 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.  Certificates for the Shares of
Common Stock so purchased shall be delivered to the Holder within a reasonable
time, not exceeding ten (10) days, after the rights represented by this Warrant
shall have been so exercised, and, unless this Warrant has expired, a new
Warrant representing the number of Shares, if any, with respect to which this
Warrant shall not then have been exercised shall also be delivered to the Holder
within such time.  The Company may require that any such new Warrant or any
certificate for Shares purchased upon the exercise hereof bear a legend
substantially similar to that which is contained on the face of this
Warrant.

b.Cashless Exercise.  Upon receipt of a notice of cashless
exercise, the Company shall deliver to the Holder (without payment by the Holder
of any exercise price) that number of Shares that is equal to the quotient
obtained by dividing (x) the value of the Warrant on the date that the Warrant
shall have been surrendered (determined by subtracting the aggregate exercise
price for the Shares in effect on the Exercise Date from the aggregate Fair
Market Value (hereinafter defined) for the Shares by (y) the Fair Market Value
of one share of Common Stock.  A notice of Acashless exercise@ shall state the
number of Shares as to which the Warrant is being exercised.  AFair Market
Value@ for purposes of this Section (b) shall mean the average of the Common
Stock closing prices reported by the principal exchange on which the Common
Stock is traded, or the last sale prices as reported by the National Association
of Securities Dealers, Inc. Automated Quotation System (ANasdaq@) National
Market or SmallCap Market, as the case may be, for the ten (10) business days
immediately preceding the Exercise Date or, in the event no public market shall
exist for the Common Stock at the time of such cashless exercise, Fair Market
Value shall mean the fair market value of the Common Stock as the same shall be
determined in the good faith discretion of the Board of Directors, after full
consideration of all factors then deemed relevant by such Board in establishing
such value, including by way of illustration and not limitation, the per share
purchase price of Common Stock or per security convertible into one share of
Common Stock of the most recent sale of shares of Common Stock or securities
convertible into Common Stock by the Company after the date hereof all as
evidenced by the vote of a majority of the directors then in office. 

2.Transferability of this Warrant.  This Warrant
is issued upon the following terms, to which each Holder consents and
agrees:

	Until this Warrant is transferred on the books of the
Company, the Company will treat the Holder of this Warrant registered as such on
the books of the Company as the absolute owner hereof for all purposes without
being affected by any notice to the contrary.

	This Warrant may not be exercised, and this Warrant and
the Shares underlying this Warrant shall not be transferable, except in
compliance with all applicable state and federal securities laws, regulations
and orders, and with all other applicable laws, regulations and
orders.

	Prior to making any disposition of this Warrant or of any
of the Shares underlying this Warrant, the Holder will give written notice to
the Company describing the manner of any such proposed disposition.  The Warrant
may not be transferred, and the Shares may not be transferred, without the
Holder obtaining an opinion of counsel satisfactory in form and substance to the
Company's counsel stating that the proposed transaction will not result in a
prohibited transaction under the Securities Act of 1933, as amended
("Securities Act"), and applicable Blue Sky laws.  By accepting this
Warrant, the Holder agrees to act in accordance with any conditions reasonably
imposed on such transfer by such opinion of counsel.

	Neither this issuance of this Warrant nor the issuance of
the Shares underlying this Warrant have been registered under the Securities
Act.

	Certain Covenants of the Company.  The Company
covenants and agrees that all Shares which may be issued upon the exercise of
the rights represented by this Warrant, upon issuance and full payment for the
Shares so purchased, will be duly authorized and issued, fully paid and
nonassessable and free from all taxes, liens and charges with respect to the
issue hereof, except those that may be created by or imposed upon the Holder or
its property, and without limiting the generality of the foregoing, the Company
covenants and agrees that it will from time to time take all such actions as may
be requisite to assure that the par value per share of the Common Stock is at
all times equal to or less than the effective purchase price per share of the
Common Stock issuable pursuant to this Warrant.  The Company further covenants
and agrees that during the period within which the rights represented by this
Warrant may be exercised, the Company will at all times have authorized and
reserved free of preemptive or other rights for the exclusive purpose of issue
upon exercise of the purchase rights evidenced by this Warrant, a sufficient
number of shares of its Common Stock to provide for the exercise of the rights
represented by this Warrant.

	Adjustment of Exercise Price and Number of Shares.
The Exercise Price and number of Shares are subject to the following
adjustments:

	Adjustment of Exercise Price for Stock Dividend,
Stock Split or Stock Combination.   In the event that (i) any dividends on
any class of stock of the Company payable in Common Stock or securities
convertible into or exercisable for Common Stock ("Common Stock
Equivalents") shall be paid by the Company, (ii) the Company shall
subdivide its then outstanding shares of Common Stock into a greater number of
shares, or (iii) the Company shall combine its outstanding shares of Common
Stock, by reclassification or otherwise, then, in any such event, the Exercise
Price in effect immediately prior to such event shall (until adjusted again
pursuant hereto) be adjusted immediately after such event to a price (calculated
to the nearest full cent) determined by dividing (a) the number of shares of
Common Stock outstanding immediately prior to such event, multiplied by the then
existing Exercise Price, by (b) the total number of shares of Common Stock
outstanding immediately after such event, and the resulting quotient shall be
the adjusted Exercise Price per share.  No adjustment of the Exercise Price
shall be made if the amount of such adjustment shall be less than $.05 per
share, but in such case any adjustment that would otherwise be required then to
be made shall be carried forward and shall be made at the time and together with
the next subsequent adjustment which, together with any adjustment or
adjustments so carried forward, shall amount to not less than $.05 per
share.

	Adjustment of Number of Shares Purchasable on
Exercise of Warrants.  Upon each adjustment of the Exercise Price pursuant
to this Section, the Holder shall thereafter (until another such adjustment) be
entitled to purchase at the adjusted Exercise Price the number of shares,
calculated to the nearest full share, obtained by multiplying the number of
shares specified in such Warrant (as adjusted as a result of all adjustments in
the Exercise Price in effect prior to such adjustment) by the Exercise Price in
effect prior to such adjustment and dividing the product so obtained by the
adjusted Exercise Price.

	Notice as to Adjustment.  Upon any adjustment
of the Exercise Price and any increase or decrease in the number of shares of
Common Stock purchasable upon the exercise of the Warrant, then, and in each
such case, the Company within thirty (30) days thereafter shall give written
notice thereof, by first class mail, postage prepaid, addressed to each Holder
as shown on the books of the Company, which notice shall state the adjusted
Exercise Price and the increased or decreased number of shares purchasable upon
the exercise of the Warrants, and shall set forth in reasonable detail the
method of calculation and the facts upon which such calculation is
based.

	Effect of Reorganization, Reclassification,
Merger, etc.  If at any time while any Warrant is outstanding there should
be any capital reorganization of the capital stock of the Company (other than
the issuance of any shares of Common Stock in subdivision of outstanding shares
of Common Stock by reclassification or otherwise and other than a combination of
shares provided for in Section 4(a) hereof), or any consolidation or merger of
the Company with another corporation, or any sale, conveyance, lease or other
transfer by the Company of all or substantially all of its property to any other
corporation, which is effected in such a manner that the holders of Common Stock
shall be entitled to receive cash, stock, securities, or assets with respect to
or in exchange for Common Stock, then, as a part of such transaction, lawful
provision shall be made so that each Holder shall have the right thereafter to
receive, upon the exercise hereof, the number of shares of stock or other
securities or property of the Company, or of the successor corporation resulting
from such consolidation or merger, or of the corporation to which the property
of the Company has been sold, conveyed, leased or otherwise transferred, as the
case may be, which the Holder would have been entitled to receive upon such
capital reorganization, reclassification of capital stock, consolidation,
merger, sale, conveyance, lease or other transfer, if such Warrant had been
exercised immediately prior to such capital reorganization, reclassification of
capital stock, consolidation, merger, sale, conveyance, lease or other transfer.
In any such case, appropriate adjustments (as determined by the Board of
Directors of the Company) shall be made in the application of the provisions set
forth in this Warrant (including the adjustment of the Exercise Price and the
number of Shares issuable upon the exercise of the Warrants) to the end that the
provisions set forth herein shall thereafter be applicable, as near as
reasonably may be, in relation to any shares or other property thereafter
deliverable upon the exercise of the Warrants as if the Warrants had been
exercised immediately prior to such capital reorganization, reclassification of
capital stock, such consolidation, merger, sale, conveyance, lease or other
transfer and the Warrant Holders had carried out the terms of the exchange as
provided for by such capital reorganization, consolidation or merger.  The
Company shall not effect any such capital reorganization, consolidation, merger
or transfer unless, upon or prior to the consummation thereof, the successor
corporation or the corporation to which the property of the Company has been
sold, conveyed, leased or otherwise transferred shall assume by written
instrument the obligation to deliver to each Holder such shares of stock,
securities, cash or property as in accordance with the foregoing provisions such
Holder shall be entitled to purchase.

	No Rights as Stockholders.  This Warrant shall not
entitle the Holder as such to any voting rights or other rights as a stockholder
of the Company.

	Governing Law.  This Warrant shall be governed by
and construed in accordance with the laws of the State of Minnesota.

	Amendments and Waivers.  The provisions of this
Warrant may not be amended, modified or supplemented, and waiver or consents to
departures from the provisions hereof may not be given, unless the Company
agrees in writing and has obtained the written consent of the
Holders.

Notices.  All notices or communications hereunder, except as herein
otherwise specifically provided, shall be in writing and if sent to the Holder
shall be mailed, delivered, or telefaxed and confirmed to the Holder at his or
her address set forth on the records of the Company; or if sent to the Company
shall be mailed, delivered, or telefaxed and confirmed to PopMail.com, inc.,
Suite 350, 1333 Corporate Drive, Dallas, TX 75038 or to such other address as
the Company or the Holder shall notify the other as provided in this
Section.

IN WITNESS WHEREOF, PopMail.com, inc. has caused this Warrant to be
signed by its duly authorized officer in the date set forth above.

PopMail.com, inc.

 

By:______________________________

Its:______________________________

SUBSCRIPTION FORM

To be signed only upon exercise of Warrant.

The undersigned, the holder of the within Warrant, hereby irrevocably
elects to exercise the purchase right represented by such Warrant for, and to
purchase thereunder, ____________________ of the shares of Common Stock of
PopMail.com, inc. (the "Shares")  to which such Warrant relates and
herewith makes payment of $_____________ therefor in cash, certified check or
bank draft and requests that a certificate evidencing the Shares be delivered
to, _____________________________, the address for whom is set forth below the
signature of the undersigned:

Dated: ____________________

 

_____________________________________________<
/P>

[Signature]______________________________
___________________

[Printed]

_________________________________________________
_________________________________________________

[Address]

 

 

ASSIGNMENT FORM

To be signed only upon authorized transfer of Warrant.

FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers
unto _____________________________________ the right to purchase shares of
Common Stock of PopMail.com, inc. to which the within Warrant relates and
appoints ____________________ attorney, to transfer said right on the books of
_________________ with full power of substitution in the premises.

Dated: ____________________

_____________________________________________<
/P>

[Signature]

_________________________________________________

[Printed]

_________________________________________________
_________________________________________________

[Address]FY2000 10K Ex4.19

Exhibit 4.19

The Warrant and the securities issuable upon exercise of this Warrant (the
"Securities") have not been registered under the Securities Act of
1933 (the "Securities Act") or under any state securities or Blue Sky
laws ("Blue Sky Laws").  No transfer, sale, assignment, pledge,
hypothecation or other disposition of this Warrant or the Securities or any
interest therein may be made except (a) pursuant to an effective registration
statement under the Securities Act and any applicable Blue Sky Laws or (b) if
the Company has been furnished with both an opinion of counsel for the holder,
which opinion and counsel shall be reasonably satisfactory to the Company, to
the effect that no registration is required because of the availability of an
exemption from registration under the Securities Act and applicable Blue Sky
Laws, and assurances that the transfer, sale, assignment, pledge, hypothecation
or other disposition will be made only in compliance with the conditions of any
such registration or exemption.

WARRANT TO PURCHASE SHARES OF COMMON STOCK

OF POPMAIL.COM, INC.

Warrant No. MCP-9
Irving, Texas

May 22, 2000

This certifies that, for value received, BARRY GROSS, or his
successors or assigns (AHolder@) is entitled to purchase from PopMail.com, inc.
(the "Company") Fifty Thousand (50,000) fully paid and nonassessable
shares (the "Shares") of the Company's Common Stock, $.01 par value
(the "Common Stock") at any time and from time to time from the date
hereof until December 1, 2004, at an exercise price of $2.00 per share (the
"Exercise Price"), subject to adjustment as herein provided.

This Warrant is subject to the following provisions, terms
and conditions:

1.Exercise of Warrant.  

a.Exercise for Cash.  The rights represented by this Warrant
may be exercised by the Holder, in whole or in part (but not as to a fractional
share of Common Stock), by the surrender of this Warrant (properly endorsed, if
required, at the Company's principal office in Irving, Texas, or such other
office or agency of the Company as the Company may designate by notice in
writing to the Holder at the address of such Holder appearing on the books of
the Company at any time within the period above named), and upon payment to it
by certified check, bank draft or cash of the purchase price for such Shares.
The Company agrees that the Shares so purchased shall have and are deemed to be
issued to the Holder 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.  Certificates for the Shares of
Common Stock so purchased shall be delivered to the Holder within a reasonable
time, not exceeding ten (10) days, after the rights represented by this Warrant
shall have been so exercised, and, unless this Warrant has expired, a new
Warrant representing the number of Shares, if any, with respect to which this
Warrant shall not then have been exercised shall also be delivered to the Holder
within such time.  The Company may require that any such new Warrant or any
certificate for Shares purchased upon the exercise hereof bear a legend
substantially similar to that which is contained on the face of this
Warrant.

b.Cashless Exercise.  Upon receipt of a notice of cashless
exercise, the Company shall deliver to the Holder (without payment by the Holder
of any exercise price) that number of Shares that is equal to the quotient
obtained by dividing (x) the value of the Warrant on the date that the Warrant
shall have been surrendered (determined by subtracting the aggregate exercise
price for the Shares in effect on the Exercise Date from the aggregate Fair
Market Value (hereinafter defined) for the Shares by (y) the Fair Market Value
of one share of Common Stock.  A notice of Acashless exercise@ shall state the
number of Shares as to which the Warrant is being exercised.  AFair Market
Value@ for purposes of this Section (b) shall mean the average of the Common
Stock closing prices reported by the principal exchange on which the Common
Stock is traded, or the last sale prices as reported by the National Association
of Securities Dealers, Inc. Automated Quotation System (ANasdaq@) National
Market or SmallCap Market, as the case may be, for the ten (10) business days
immediately preceding the Exercise Date or, in the event no public market shall
exist for the Common Stock at the time of such cashless exercise, Fair Market
Value shall mean the fair market value of the Common Stock as the same shall be
determined in the good faith discretion of the Board of Directors, after full
consideration of all factors then deemed relevant by such Board in establishing
such value, including by way of illustration and not limitation, the per share
purchase price of Common Stock or per security convertible into one share of
Common Stock of the most recent sale of shares of Common Stock or securities
convertible into Common Stock by the Company after the date hereof all as
evidenced by the vote of a majority of the directors then in office. 

2.Transferability of this Warrant.  This Warrant
is issued upon the following terms, to which each Holder consents and
agrees:

	Until this Warrant is transferred on the books of the
Company, the Company will treat the Holder of this Warrant registered as such on
the books of the Company as the absolute owner hereof for all purposes without
being affected by any notice to the contrary.

	This Warrant may not be exercised, and this Warrant and
the Shares underlying this Warrant shall not be transferable, except in
compliance with all applicable state and federal securities laws, regulations
and orders, and with all other applicable laws, regulations and
orders.

	Prior to making any disposition of this Warrant or of any
of the Shares underlying this Warrant, the Holder will give written notice to
the Company describing the manner of any such proposed disposition.  The Warrant
may not be transferred, and the Shares may not be transferred, without the
Holder obtaining an opinion of counsel satisfactory in form and substance to the
Company's counsel stating that the proposed transaction will not result in a
prohibited transaction under the Securities Act of 1933, as amended
("Securities Act"), and applicable Blue Sky laws.  By accepting this
Warrant, the Holder agrees to act in accordance with any conditions reasonably
imposed on such transfer by such opinion of counsel.

	Neither this issuance of this Warrant nor the issuance of
the Shares underlying this Warrant have been registered under the Securities
Act.

	Certain Covenants of the Company.  The Company
covenants and agrees that all Shares which may be issued upon the exercise of
the rights represented by this Warrant, upon issuance and full payment for the
Shares so purchased, will be duly authorized and issued, fully paid and
nonassessable and free from all taxes, liens and charges with respect to the
issue hereof, except those that may be created by or imposed upon the Holder or
its property, and without limiting the generality of the foregoing, the Company
covenants and agrees that it will from time to time take all such actions as may
be requisite to assure that the par value per share of the Common Stock is at
all times equal to or less than the effective purchase price per share of the
Common Stock issuable pursuant to this Warrant.  The Company further covenants
and agrees that during the period within which the rights represented by this
Warrant may be exercised, the Company will at all times have authorized and
reserved free of preemptive or other rights for the exclusive purpose of issue
upon exercise of the purchase rights evidenced by this Warrant, a sufficient
number of shares of its Common Stock to provide for the exercise of the rights
represented by this Warrant.

	Adjustment of Exercise Price and Number of Shares.
The Exercise Price and number of Shares are subject to the following
adjustments:

	Adjustment of Exercise Price for Stock Dividend,
Stock Split or Stock Combination.   In the event that (i) any dividends on
any class of stock of the Company payable in Common Stock or securities
convertible into or exercisable for Common Stock ("Common Stock
Equivalents") shall be paid by the Company, (ii) the Company shall
subdivide its then outstanding shares of Common Stock into a greater number of
shares, or (iii) the Company shall combine its outstanding shares of Common
Stock, by reclassification or otherwise, then, in any such event, the Exercise
Price in effect immediately prior to such event shall (until adjusted again
pursuant hereto) be adjusted immediately after such event to a price (calculated
to the nearest full cent) determined by dividing (a) the number of shares of
Common Stock outstanding immediately prior to such event, multiplied by the then
existing Exercise Price, by (b) the total number of shares of Common Stock
outstanding immediately after such event, and the resulting quotient shall be
the adjusted Exercise Price per share.  No adjustment of the Exercise Price
shall be made if the amount of such adjustment shall be less than $.05 per
share, but in such case any adjustment that would otherwise be required then to
be made shall be carried forward and shall be made at the time and together with
the next subsequent adjustment which, together with any adjustment or
adjustments so carried forward, shall amount to not less than $.05 per
share.

	Adjustment of Number of Shares Purchasable on
Exercise of Warrants.  Upon each adjustment of the Exercise Price pursuant
to this Section, the Holder shall thereafter (until another such adjustment) be
entitled to purchase at the adjusted Exercise Price the number of shares,
calculated to the nearest full share, obtained by multiplying the number of
shares specified in such Warrant (as adjusted as a result of all adjustments in
the Exercise Price in effect prior to such adjustment) by the Exercise Price in
effect prior to such adjustment and dividing the product so obtained by the
adjusted Exercise Price.

	Notice as to Adjustment.  Upon any adjustment
of the Exercise Price and any increase or decrease in the number of shares of
Common Stock purchasable upon the exercise of the Warrant, then, and in each
such case, the Company within thirty (30) days thereafter shall give written
notice thereof, by first class mail, postage prepaid, addressed to each Holder
as shown on the books of the Company, which notice shall state the adjusted
Exercise Price and the increased or decreased number of shares purchasable upon
the exercise of the Warrants, and shall set forth in reasonable detail the
method of calculation and the facts upon which such calculation is
based.

	Effect of Reorganization, Reclassification,
Merger, etc.  If at any time while any Warrant is outstanding there should
be any capital reorganization of the capital stock of the Company (other than
the issuance of any shares of Common Stock in subdivision of outstanding shares
of Common Stock by reclassification or otherwise and other than a combination of
shares provided for in Section 4(a) hereof), or any consolidation or merger of
the Company with another corporation, or any sale, conveyance, lease or other
transfer by the Company of all or substantially all of its property to any other
corporation, which is effected in such a manner that the holders of Common Stock
shall be entitled to receive cash, stock, securities, or assets with respect to
or in exchange for Common Stock, then, as a part of such transaction, lawful
provision shall be made so that each Holder shall have the right thereafter to
receive, upon the exercise hereof, the number of shares of stock or other
securities or property of the Company, or of the successor corporation resulting
from such consolidation or merger, or of the corporation to which the property
of the Company has been sold, conveyed, leased or otherwise transferred, as the
case may be, which the Holder would have been entitled to receive upon such
capital reorganization, reclassification of capital stock, consolidation,
merger, sale, conveyance, lease or other transfer, if such Warrant had been
exercised immediately prior to such capital reorganization, reclassification of
capital stock, consolidation, merger, sale, conveyance, lease or other transfer.
In any such case, appropriate adjustments (as determined by the Board of
Directors of the Company) shall be made in the application of the provisions set
forth in this Warrant (including the adjustment of the Exercise Price and the
number of Shares issuable upon the exercise of the Warrants) to the end that the
provisions set forth herein shall thereafter be applicable, as near as
reasonably may be, in relation to any shares or other property thereafter
deliverable upon the exercise of the Warrants as if the Warrants had been
exercised immediately prior to such capital reorganization, reclassification of
capital stock, such consolidation, merger, sale, conveyance, lease or other
transfer and the Warrant Holders had carried out the terms of the exchange as
provided for by such capital reorganization, consolidation or merger.  The
Company shall not effect any such capital reorganization, consolidation, merger
or transfer unless, upon or prior to the consummation thereof, the successor
corporation or the corporation to which the property of the Company has been
sold, conveyed, leased or otherwise transferred shall assume by written
instrument the obligation to deliver to each Holder such shares of stock,
securities, cash or property as in accordance with the foregoing provisions such
Holder shall be entitled to purchase.

	No Rights as Stockholders.  This Warrant shall not
entitle the Holder as such to any voting rights or other rights as a stockholder
of the Company.

	Governing Law.  This Warrant shall be governed by
and construed in accordance with the laws of the State of Minnesota.

	Amendments and Waivers.  The provisions of this
Warrant may not be amended, modified or supplemented, and waiver or consents to
departures from the provisions hereof may not be given, unless the Company
agrees in writing and has obtained the written consent of the Holders.

	Notices.  All notices or communications hereunder,
except as herein otherwise specifically provided, shall be in writing and if
sent to the Holder shall be mailed, delivered, or telefaxed and confirmed to the
Holder at his or her address set forth on the records of the Company; or if sent
to the Company shall be mailed, delivered, or telefaxed and confirmed to
PopMail.com, inc., Suite 350, 1333 Corporate Drive, Dallas, TX 75038  or to such
other address as the Company or the Holder shall notify the other as provided in
this Section.

IN WITNESS WHEREOF, PopMail.com, inc. has caused this Warrant to be
signed by its duly authorized officer in the date set forth above.

PopMail.com, inc.

 

By:______________________________

Its:______________________________

SUBSCRIPTION FORM

To be signed only upon exercise of Warrant.

The undersigned, the holder of the within Warrant, hereby irrevocably
elects to exercise the purchase right represented by such Warrant for, and to
purchase thereunder, ____________________ of the shares of Common Stock of
PopMail.com, inc. (the "Shares")  to which such Warrant relates and
herewith makes payment of $_____________ therefor in cash, certified check or
bank draft and requests that a certificate evidencing the Shares be delivered
to, _____________________________, the address for whom is set forth below the
signature of the undersigned:

Dated: ____________________

_____________________________________________<
/P>

[Signature]

_________________________________________________

[Printed]

_________________________________________________
_________________________________________________

[Address]

 

ASSIGNMENT FORM

To be signed only upon authorized transfer of Warrant.

FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers
unto _____________________________________ the right to purchase shares of
Common Stock of PopMail.com, inc. to which the within Warrant relates and
appoints ____________________ attorney, to transfer said right on the books of
_________________ with full power of substitution in the premises.

Dated: ____________________

_____________________________________________<
/P>

[Signature]______________________
___________________________

[Printed]

_____________________________________________________
__________________________________________

[Address]

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