Document:

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                                                                    Exhibit 10.1

ASSIGNMENT No. 25 OF RECEIVABLES IN ADDITIONAL ACCOUNTS, (this "Assignment")
dated as of April 1, 2003, by and between CHASE MANHATTAN BANK USA, NATIONAL
ASSOCIATION, a national banking corporation organized and existing under the
laws of the United States of America ("Chase USA"), and THE BANK OF NEW YORK, a
banking corporation organized and existing under the laws of the State of New
York (the "Trustee") pursuant to the Pooling and Servicing Agreement referred to
below.

                              W I T N E S S E T H:

         WHEREAS, Chase USA, as Transferor on and after June 1, 1996, JPMorgan
Chase Bank, as Transferor prior to June 1, 1996 and as Servicer, and the
Trustee are parties to the Third Amended and Restated Pooling and Servicing
Agree-ment, dated as of November 15, 1999, as amended by the First Amendment
thereto dated as of March 31, 2001 and the Second Amendment thereto dated as of
March 1, 2002 (hereinafter as such agreement may have been, or may from time to
time be, amended, supplemented or otherwise modified, the "Pooling and Servicing
Agree-ment");

         WHEREAS, pursuant to the Pooling and Servicing Agreement, Chase USA
wishes to designate Additional Accounts of Chase USA to be included as Accounts
and to convey the Receivables of such Additional Accounts, whether now existing
or hereafter created, to the Trust as part of the corpus of the Trust (as each
such term is defined in the Pooling and Servicing Agreement); and

         WHEREAS, the Trustee is willing to accept such designation and
conveyance subject to the terms and conditions hereof;

         NOW, THEREFORE, Chase USA and the Trustee hereby agree as follows:

                  1. Defined Terms. All terms defined in the Pooling and
         Servicing Agreement and used herein shall have such defined meanings
         when used herein, unless otherwise defined herein.

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                  "Addition Date" shall mean, with respect to the Additional
         Accounts designated hereby, April 1, 2003.

                  "Notice Date" shall mean, with respect to the Additional
         Accounts designated hereby, March 11, 2003.

                  2. Designation of Additional Accounts. Chase USA shall deliver
         to the Trustee not later than five Business Days after the Addition
         Date, a computer file or microfiche list containing a true and complete
         list of each MasterCard and VISA account which as of the Addition Date
         shall be deemed to be an Additional Account, such accounts being
         identified by ac- count number and by the amount of Receivables in such
         accounts as of the close of business on the Addition Date. Such list
         shall be delivered five Busi- ness Days after the date of this
         Assignment and shall be marked as Schedule 1 to this Assignment and, as
         of the Addition Date, shall be incorporated into and made a part of
         this Assignment.

                  3. Conveyance of Receivables.

                  A. Chase USA does hereby transfer, assign, set-over and
         otherwise convey to the Trustee on behalf of the Trust for the benefit
         of the Certificateholders, without recourse on and after the Addition
         Date, all right, title and interest of Chase USA in and to the
         Receivables now existing and hereafter created in the Additional
         Accounts designated hereby, all monies due or to become due with
         respect thereto (including all Finance Charge Receivables) and all
         proceeds of such Receivables, Recoveries, Interchange, Insurance
         Proceeds relating to such Receivables and the proceeds of any of the
         foregoing.

                  B. In connection with such transfer, Chase USA agrees to
         record and file, at its own expense, a financing statement with respect
         to the Receivables now existing and hereafter created in the Additional
         Accounts designated hereby (which may be a single financing statement
         with respect to all such Receivables) for the transfer of accounts as
         defined in Section 9-102 of the UCC as in effect in the State of New
         York meeting the requirements of applicable state law in such manner
         and such jurisdictions as are necessary to perfect the assignment of
         such Receivables to the Trustee on behalf of the Trust for the benefit
         of the Certificateholders (the "Secured Party"), and to deliver a
         file-stamped copy of such financing statement or other evidence of such
         filing (which may, for purposes of this Section 3, consist of
         telephone confirmation of such filing) to the Trustee on or prior to
         the date of this Assignment.

                                       2
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                  C. It is the intention of the parties hereto that all
         transfers of Receivables to the Trust pursuant to this Assignment be
         subject to, and be treated in accordance with, the Delaware Act and
         each of the parties hereto agrees that this Assignment has been entered
         into by the parties hereto in express reliance upon the Delaware Act.
         For purposes of complying with the requirements of the Delaware Act,
         each of the parties hereto hereby agrees that any property, assets or
         rights purported to be transferred, in whole or in part, by Chase USA
         pursuant to this Assignment shall be deemed to no longer be the
         property, assets or rights of Chase USA. The parties hereto acknowl-
         edge and agree that each such transfer is occurring in connection with
         a " securitization transaction" within the meaning of the Delaware Act.

                  D. In connection with such transfer, Chase USA further agrees,
         at its own expense, on or prior to the date of this Assignment to indi-
         cate in its computer files that Receivables created in connection with
         the Additional Accounts designated hereby have been transferred to the
         Trust pursuant to this Assignment for the benefit of the
         Certificateholders.

                  E. Chase USA hereby grants to the Secured Party a security
         interest in all of Chase USA's right, title and interest in, to and
         under the Receivables now existing and hereafter created in the
         Additional Accounts designated hereby, all monies due or to become due
         with respect to such Receivables, Insurance Proceeds relating to such
         Receivables, Recoveries, Interchange and the proceeds to any of the
         foregoing to secure a loan in an amount equal to the unpaid principal
         amount of the Investor Certificates issued or to be issued pursuant to
         the Pooling and Servicing Agreement and the interests accrued at the
         related Certificate Rates, and this Assignment shall constitute a
         security agreement under applicable law. Chase USA shall execute
         continuation statements and provide other further assurances to
         maintain the perfection and priority of such security interest of the
         Secured Party.

                  4. Acceptance by Trustee. The Trustee hereby acknowledges its
         acceptance on behalf of the Trust for the benefit of the
         Certificateholders of all right, title and interest previously held by
         Chase USA in and to the Re-ceivables now existing and hereafter
         created, and declares that it shall maintain such right, title and
         interest, upon the Trust herein set forth, for the benefit of all
         Certificateholders.

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                  5. Representations and Warranties of Chase USA. Chase USA
         hereby represents and warrants to the Secured Party as of the Addition
         Date:

                  A. Legal, Valid and Binding Obligation. This Assignment
         constitutes a legal, valid and binding obligation of Chase USA en-
         forceable against Chase USA in accordance with its terms, except as
         such enforceability may be limited by applicable bankruptcy, insol-
         vency, reorganization, moratorium or other similar laws now or here-
         after in effect affecting the enforcement of creditors' rights in
         general and the rights of creditors of banking associations and except
         as such enforceability may be limited by general principles of equity
         (whether considered in a suit at law or in equity).

                  B. Eligibility of Accounts and Receivables. Each Additional
         Account designated hereby is an Eligible Account and each Receiv- able
         in such Additional Account is an Eligible Receivable.

                  C. Selection Procedures. No selection procedures believed by
         Chase USA to be materially adverse to the interests of the Investor
         Certificateholders were utilized in selecting the Additional Accounts
         designated hereby from the available Eligible Accounts in the Bank
         Portfolio.

                  D. Insolvency. Chase USA is not insolvent and, after giving
         effect to the conveyance set forth in Section 3 of this Assignment,
         will not be insolvent.

                                        4
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                  E. Transfer. This Assignment constitutes either: (i) a valid
         transfer and assignment to the Trust of all right, title and interest
         of Chase USA in and to Receivables now existing and hereafter created
         in the Additional Accounts designated hereby, and all proceeds (as
         defined in the UCC) of such Receivables and Insurance Proceeds relating
         thereto, and such Receivables and any proceeds thereof and Insurance
         Proceeds relating thereto will be held by the Secured Party free and
         clear of any Lien of any Person claiming through or under Chase USA or
         any of its Affiliates except for (x) Liens permitted under subsection
         2.5(b) of the Pooling and Servicing Agreement, (y) the interest of the
         holder of the Transferor Certificate and (z) Chase USA's right to
         receive interest accruing on, and investment earnings in respect of,
         the Finance Charge Account and the Principal Account as provided in the
         Pooling and Servicing Agreement; or (ii) a valid and continuing
         security interest (as defined in the UCC) in the Receivables now
         existing or hereafter created in the Additional Accounts in favor of
         the Secured Party, the proceeds (as defined in the UCC) thereof and
         Insurance Proceeds relating thereto, upon the conveyance of such Re-
         ceivables to the Trust, which security interest is prior to all other
         Liens, and is enforceable against creditors of and purchasers from
         Chase USA, and which will be enforceable with respect to the Receiv-
         ables thereafter created in respect of Additional Accounts designated
         hereby, the proceeds (as defined in the UCC) thereof and Insurance
         Proceeds relating thereto, upon such creation; and (iii) if this
         Assign- ment constitutes the grant of a security interest to the
         Secured Party in such property, upon the filing of a financing
         statement described in Section 3 of this Assignment with respect to the
         Additional Accounts designated hereby and in the case of the
         Receivables of such Addi- tional Accounts thereafter created and the
         proceeds (as defined in the UCC) thereof, and Insurance Proceeds
         relating to such Receivables, upon such creation, the Secured Party
         shall have a first priority per- fected security interest in such
         property (subject to Section 9-315 the UCC as in effect in the State of
         Delaware), except for Liens permitted under subsection 2.5(b) of the
         Pooling and Servicing Agreement. Chase USA has caused or will have
         caused, within ten days, the filing of all appropriate financing
         statements in the proper filing office in the appropriate jurisdictions
         under applicable law in order to perfect the security interest in the
         Receivables granted to the Secured Party hereunder. The Receivables
         constitute "accounts" within the meaning of the applicable UCC.

                                        5
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                  F. Other Liens. Other than the security interest granted to
         the Secured Party pursuant to this Assignment, Chase USA has not
         pledged, assigned, sold, granted a security interest in, or otherwise
         conveyed any of the Receivables. Chase USA has not authorized the
         filing of and is not aware of any financing statements against Chase
         USA that include a description of collateral covering the Receivables
         other than any financing statement (i) relating to the security
         interest granted to the Secured Party hereunder, (ii) that has been
         terminated, or (iii) that names The Bank of New York as secured party.
         Chase USA is not aware of any judgment or tax lien filings against
         Chase USA. Chase USA owns and has good and marketable title to the
         Receivables free and clear of any Lien, claim or encumbrance of any
         Person.

                  G. Breach of Representations and Warranties. The provision set
         forth in Section 2.4(d) of the Pooling and Servicing Agreement shall be
         applicable to any breach of the representations and warranties of this
         Section 5 with respect to any Receivable.

                  6. Conditions Precedent. The acceptance by the Trustee
         set forth in Section 4 and the amendment of the Pooling and Servicing
         Agree-ment set forth in Section 7 are subject to the satisfaction, on
         or prior to the Addition Date, of the following conditions precedent:

                           A. Officer's Certificate. Chase USA shall have deliv-
                  ered to the Trustee a certificate of a Vice President or more
                  senior officer substantially in the form of Schedule 2 hereto,
                  certifying that (i) all requirements set forth in Section 2.6
                  of the Pooling and Servic- ing Agreement for designating
                  Additional Accounts and conveying the Principal Receivables of
                  such Account, whether now existing or hereafter created, have
                  been satisfied and (ii) each of the representa- tions and
                  warranties made by Chase USA in Section 5 is true and correct
                  as of the Addition Date. The Trustee may conclusively rely on
                  such Officer's Certificate, shall have no duty to make
                  inquiries with regard to the matters set forth therein, and
                  shall incur no liability in so relying.

                           B. Opinion of Counsel. Chase USA shall have deliv-
                  ered to the Trustee an Opinion of Counsel with respect to the
                  Addi- tional Accounts designated hereby substantially in the
                  form of Exhibit E to the Pooling and Servicing Agreement.

                                        6
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                  7. Amendment of the Pooling and Servicing Agreement. The
         Pooling and Servicing Agreement is hereby amended to provide that all
         references therein to the "Pooling and Servicing Agreement," to "this
         Agree-ment" and "herein" shall be deemed from and after the Addition
         Date to be a dual reference to the Pooling and Servicing Agreement as
         supplemented by this Assignment and by Assignment No. 1 of Receivables
         in Additional Accounts, dated as of July 1, 1996, Assignment No. 2 of
         Receivables in Additional Accounts, dated as of September 1, 1996,
         Assignment No.3 of Receivables in Additional Accounts, dated as of
         December 1, 1997, Assign- ment No. 4 of Receivables in Additional
         Accounts, dated as of February 1, 1998, Assignment No. 5 of Receivables
         in Additional Accounts, dated as of April 1, 1998, Assignment No. 6 of
         Receivables in Additional Accounts, dated as of August 1, 1998,
         Assignment No. 7 of Receivables in Additional Accounts, dated as of
         November 1, 1998, Assignment No. 8 of Receivables in Additional
         Accounts, dated as of February 1, 1999, Assignment No. 9 of Receivables
         in Additional Accounts, dated as of April 1, 1999, Assignment No. 10 of
         Receivables in Additional Accounts, dated as of July 1, 1999,
         Assignment No. 11 of Receivables in Additional Accounts, dated as of
         October 1, 1999, Assignment No. 12 of Receivables in Additional
         Accounts, dated as of February 1, 2000, Assignment No. 13 of
         Receivables in Addi- tional Accounts, dated as of April 1, 2000,
         Assignment No. 14 of Receivables in Additional Accounts, dated as of
         May 1, 2000, Assignment No. 15 of Receivables in Additional Accounts,
         dated as of August 1, 2000, Assignment No. 16 of Receivables in
         Additional Accounts, dated as of July 1, 2001, Assignment No. 17 dated
         as of September 1, 2001, Assignment No. 18 of Receivables in Additional
         Accounts, dated as of November 1, 2001, Assign- ment No. 19 of
         Receivables in Additional Accounts, dated as of March 6, 2002,
         Assignment No. 20 of Receivables in Additional Accounts, dated as of
         April 1, 2002, Assignment No. 21 of Receivables in Additional Accounts,
         dated as of May 1, 2002, Assignment No. 22 of Receivables in Additional
         Accounts, dated as of September 1, 2002, Assignment No. 23 of
         Receivables in Additional Accounts, dated as of November 1, 2002,
         Assignment No. 24 of Receivables in Additional Accounts, dated as of
         February 1, 2003, Reassign- ment No. 1 of Receivables in Removed
         Accounts, dated as of September 30, 1997 and Reassignment No. 2 of
         Receivables in Removed Accounts, dated as of December 1, 1997. Except
         as expressly amended hereby, all of the representations, warranties,
         terms, covenants and conditions to the Pooling and Servicing Agreement
         shall remain unamended and shall continue to be, and shall remain, in
         full force and effect in accordance with its terms and except as
         expressly provided herein shall not constitute or be deemed to
         constitute a waiver of compliance with or a consent to noncompliance
         with any term or provisions of the Pooling and Servicing Agreement.

                                        7
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                  8. Survival. The representations, warranties and cove- nants
         of the parties hereto shall survive the assignment of the Receivables
         pursuant to this Assignment and the termination of this Assignment, and
         shall inure to the benefit of the Trust. Notwithstanding to the
         contrary in this Assignment, the representations and warranties of the
         Chase USA herein shall not survive after the tenth (10th) anniversary
         of the Addition Date.

                  9. Waivers and Amendments. This Assignment may be amended,
         superseded, canceled, renewed or extended and the terms hereof
         may be waived, only by a written instrument signed by authorized
         representa-tives of the parties or, in the case of a waiver, by an
         authorized representative of the party waiving compliance and, in all
         cases, subject to confirmation by each Rating Agency then rating any
         Investor Certificates. No such written instrument shall be effective
         unless it expressly recites that it is intended to amend, supersede,
         cancel, renew or extend this Assignment or to waive compliance with one
         or more of the terms hereof, as the case may be. No delay on the part
         of any party in exercising any right, power or privilege hereunder
         shall operate as a waiver thereof, nor shall any waiver on the part of
         any party of any such right, power or privilege, or any single or
         partial exercise of any such right, power or privilege, preclude any
         further exercise thereof or the exercise of any other such right, power
         or privilege.

                  10. Counterparts. This Assignment may be executed in two or
         more counterparts (and by different parties on separate counterparts),
         each of which shall be an original, but all of which together shall
         constitute one and the same instrument.

                  11. GOVERNING LAW. THIS ASSIGNMENT SHALL BE GOVERNED BY,
         CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
         DELA-WARE WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE
         OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
         DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                  12. Tax Treatment. Nothing in this Assignment shall be deemed
         to require any securitization transaction involving the Receivables to
         be treated as a sale for federal or state income tax purposes or to
         preclude treatment of any such securitization transaction as debt for
         federal or state income tax purposes.

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         IN WITNESS WHEREOF, the undersigned have caused this Assign- ment of
Receivables in Additional Accounts to be duly executed and delivered by their
respective duly authorized officers on the day and year first above written.

                                                     CHASE MANHATTAN BANK USA,
                                                     NATIONAL ASSOCIATION

                                                     By: /s/Patricia Garvey
                                                         -----------------------
                                                     Name:    Patricia Garvey
                                                     Title:   Vice President

                                                     THE BANK OF NEW YORK,
                                                     as Trustee

                                                     By: /s/Dan Rothman
                                                         -----------------------
                                                     Name: Dan Rothman
                                                     Title: Assistant Treasurer

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                                                                      Schedule 1
                                                                to Assignment of
                                                                  Receivables in
                                                             Additional Accounts

                               ADDITIONAL ACCOUNTS<PAGE>

                                                                     EXHIBIT 4.2

Warrant No. C-1                                         Warrant Shares 4,000,000

THIS COMMON STOCK PURCHASE WARRANT AND THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
TRANSFERRED IN VIOLATION OF SUCH ACT, THE RULES AND REGULATIONS THEREUNDER OR
THE PROVISIONS OF THIS COMMON STOCK PURCHASE WARRANT.

                               EPIXTAR CORPORATION

                          COMMON STOCK PURCHASE WARRANT

THIS IS TO CERTIFY THAT Epixtar Corp., a Florida Corporation (the "Company")
having an office at 11900 Biscayne Boulevard, Miami, Florida 13381 has granted
to Brookfield Investments Ltd., having an address at Twin Tower Two, Jabotinski
Street, Ramat Gan , Israel, or registered assigns the right, at any time
("Exercise Period") from May 31, 2003 to 5:30 P.M. Florida time on May 31, 2006
(the "Expiration Date") to purchase from the Company, four million (4,000,000)
shares of Common Stock (as hereinafter defined and subject to adjustment as
provided herein), in whole or in part, at a purchase price per share of fifty
Cents ($.50), subject to adjustment as provided herein, all on the terms and
conditions and pursuant to the provisions hereinafter set forth.

                  1. DEFINITIONS

                  In addition to the definitions set forth as used herein this,
the following terms shall have the respective meanings set forth below:

                  "Business Day" shall mean any day that is not a Saturday or
Sunday or a day on which, banks are required or permitted to be closed in the
State of Florida.

                  "Commission" shall mean the Securities and Exchange
Commission or any other federal agency then administering the Securities Act and
other federal securities laws.

                  "Common Stock" shall mean (except where the context otherwise
indicates) the Common Stock, par value $.001 per share, of the Company as
constituted on the Closing Date, and any capital stock into which such Common
Stock may thereafter be changed, and shall also include (i) capital stock of the
Company of any other class (regardless of how denominated) issued to the holders
of shares of Common Stock upon any reclassification thereof which is also not
preferred as to dividends or assets over any other class of stock of the Company
and which is not subject to redemption and (ii) shares of common stock of any
successor or acquiring corporation received by or distributed to the holders of
Common Stock of the Company in the circumstances contemplated by Section 3.2.

<PAGE>

                  "Current Market Price" shall mean on any date of determination
the closing bid price of a Common Share on such day as reported on Nasdaq;
provided, if such security is not listed or admitted to trading on Nasdaq, as
reported on the principal national security exchange or quotation system on
which such security is quoted or listed or admitted to trading, or, if not
quoted or listed or admitted to trading on any national securities exchange or
quotation system, the closing bid price of such security on the over-the-counter
market on the day in question as reported by Bloomberg LP, or a similar
generally accepted reporting service, as the case may be.

                  "Current Warrant Price" shall mean, in respect of a share of
Common Stock at any date herein specified, the price at which a share of Common
Stock may be purchased pursuant to this Warrant on such date, as set forth in
the first paragraph hereof.

                  "Holder" shall mean the Person in whose name the Warrant or
Warrant Stock set forth herein is registered on the books of the Company
maintained for such purpose.

                  "Outstanding" shall mean, when used with reference to Common
Stock, at any date as of which the number of shares thereof is to be determined,
all issued shares of Common Stock, except shares then owned or held by or for
the account of the Company or any subsidiary thereof, and shall include all
shares issuable in respect of outstanding scrip or any certificates representing
fractional interests in shares of Common Stock.

                  "Principal Office" shall mean the office of the Company set
forth on page one or such other office designated by notice hereafter.

                  "Person" shall mean any individual, sole proprietorship,
partnership, joint venture, trust, incorporated organization, association,
corporation, institution, public benefit corporation, entity or government
(whether federal, state, county, city, municipal or otherwise, including,
without limitation, any instrumentality, division, agency, body or department
thereof).

                  "Warrant Price" shall mean an amount equal to (i) the number
of shares of Common Stock being purchased upon exercise of this Warrant pursuant
to Section 2.1, multiplied by (ii) the Current Warrant Price as of the date of
such exercise.

                  "Warrant Stock" shall mean the shares of Common Stock
purchased by the holders of the Warrants upon the exercise thereof.

                  "Warrant" or "Warrants" shall mean this warrant and all
warrants issued upon transfer, division or combination of, or in substitution
for, any thereof. All Warrants shall at all times be identical as to terms and
conditions and date, except as to the number of shares of Common Stock for which
they may be exercised.

                                      -2-
<PAGE>

                  2. EXERCISE OF WARRANT

                  2.1 Manner of Exercise Transaction

                  (a) From and after the Closing Date and until 5:00 p.m., New
York time, on the Expiration Date, Holder may exercise this Warrant, on any
Business Day, for all or any part of the number of shares of Common Stock
purchasable hereunder.

                  (b) In order to exercise this Warrant, in whole or in part,
Holder shall deliver to the Company at its Principal Office a completed executed
Exercise Notice in form attached the number of shares of Common Stock to be
purchased, payment of the Warrant Price in cash or wire transfer or cashier's
check drawn on a United States bank and this Warrant. Upon receipt of these
items the Company shall, as promptly as practicable, and in any event within
seven Business Days thereafter, execute or cause to be executed and deliver or
cause to be delivered to Holder a certificate or certificates representing the
aggregate number of full shares of Common Stock issuable upon such exercise,
together with cash in lieu of any fraction of a share, as hereinafter provided.

                  (c) The stock certificate or certificates so delivered shall
be, to the extent possible, in such denomination or denominations as Holder
shall request in the notice and shall be registered in the name of Holder or,
subject to Section 6, such other name as shall be designated in the notice. This
Warrant shall be deemed to have been exercised and such certificate or
certificates shall be deemed to have been issued, and Holder or any other Person
so designated to be named therein shall be deemed to have become a holder of
record of such shares for all purposes, as of the date the notice, together with
the cash or check or checks and this Warrant, is received by the Company as
described above and all taxes required to be paid by Holder, if any, pursuant to
Section 2.2 prior to the issuance of such shares have been paid.

                  (d) If this Warrant shall have been exercised in part, the
Company shall, at the time of delivery of the certificate or certificates
representing Warrant Stock, deliver to Holder a new Warrant evidencing the
rights of Holder to purchase the unpurchased shares of Common Stock called for
by this Warrant, which new Warrant shall in all other respects be identical with
this Warrant, or, at the request of Holder, appropriate notation may be made on
this Warrant and the same returned to Holder. Notwithstanding any provision
herein to the contrary, the Company shall not be required to register shares in
the name of any Person who acquired this Warrant (or part hereof) or any Warrant
Stock otherwise than in accordance with this Warrant.

                  2.2 Payment of Taxes and Charges

                  All shares of Common Stock issuable upon the exercise of this
Warrant pursuant to the terms hereof shall be validly issued, fully paid and
nonassessable, freely tradable and without any preemptive rights. The Company
shall pay all expenses in connection with, and all taxes and other governmental
charges that may be imposed with respect to, the issuance or delivery thereof
unless, such tax or charge is imposed by law upon Holder, in which case, such
taxes or charges shall be paid by Holder. The Company shall not be required,
however, to pay any tax or other charge imposed in connection with any transfer
involved in the issuance of any certificate for shares of Common Stock issuable
upon exercise of this Warrant in any name other than that of Holder, and in such
case the Company shall not be required to issue or deliver any stock certificate
until such tax or other charge has been paid or it has been established to the
satisfaction of the Company that no such tax or other charge is due.

                                      -3-
<PAGE>

                  2.3 Fractional Shares

                  The Company shall not be required to issue a fractional share
of Common Stock upon exercise of any Warrant. As to any fraction of a share,
which Holder would otherwise be entitled to purchase upon such exercise, the
Company shall pay, a cash adjustment in respect of such final fraction in an
amount equal to the same fraction of the current Market Price per share of
Common Stock as of the exercise date.

                  2.4 Transfer

                  Subject to compliance with Section 6, transfer of this Warrant
and all rights hereunder, in whole or in part, shall be registered on the books
of the Company to be maintained for such purpose, upon surrender of this Warrant
at the Principal office or the office of an Agency designated by the Company,
together with a written assignment of this Warrant substantially in the form of
Exhibit B hereto duly executed by Holder or its agent and funds sufficient to
pay any transfer taxes payable upon the making of such transfer. Upon such
surrender and, if required, such payment, the Company shall, subject to Section
6, execute and deliver a new Warrant or Warrants in the name of the assignee or
assignees and in the denomination specified in such instrument of assignment,
and shall issue to the assignor a new Warrant evidencing the portion of this
Warrant not so assigned, and this Warrant shall promptly be canceled. A Warrant,
if properly assigned in compliance with Section 6, may be exercised by a new
Holder for the purchase of shares of Common Stock without having a new warrant
issued.

                  2.5 Division and Combination

                  Subject to Section 6, this Warrant may be divided or combined
with other Warrants upon presentation hereof at the aforesaid office or agency
of the Company, together with a written notice specifying the names and
denominations in which new Warrants are to be issued, signed by Holder or its
agent or attorney. Subject to compliance with Sections 2.4 and 6, as to any
transfer which 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.

                  3. ADJUSTMENTS

                  The number of shares of Common Stock for which this Warrant is
exercisable, or the price at which such shares may be purchased upon exercise of
this Warrant, shall be subject to adjustment from time to time as set forth in
this Section 3. The Company shall give Holder notice of any event described
below which requires an adjustment pursuant to this Section 4 at the time of
such event.

                                      -4-
<PAGE>

                  3.1 Stock Dividends, Subdivisions and Combinations

                  If at any time the Company shall subdivide its outstanding
shares of Common Stock into a larger number of shares of Common Stock or
distribute a dividend in excess of five (5%) percent or combine its outstanding
shares of Common Stock into a smaller number of shares of Common Stock then (i)
the number of shares of Common Stock for which this Warrant is exercisable
immediately after the occurrence of any such event shall be adjusted to equal
the number of shares of Common Stock which a record holder of the same number of
shares of Common Stock for which this Warrant is exercisable immediately prior
to the occurrence of such event would own or be entitled to receive after the
happening of such event, and (ii) the Current Warrant Price shall be adjusted to
equal (A) the Current Warrant Price multiplied by the number of shares of Common
Stock for which this Warrant is exercisable immediately prior to the adjustment
divided by (B) the number of shares for which this Warrant is exercisable
immediately after such adjustment.

                  3.2 Reorganization, Reclassification, Merger, Consolidation
                      or Disposition of Assets

                  In case the Company shall reorganize its capital, reclassify
its capital stock, consolidate or merge with or into another Person (where the
Company is not the survivor, a "Fundamental Corporate Change") and, pursuant to
the terms of such Fundamental Corporate involving a merger or concealed action
pursuant to the terms of common stock of the successor or acquiring corporation,
or any cash, shares of stock or other securities or property of any nature
whatsoever (including warrants or other subscription or purchase rights) in
addition to or in lieu of common stock of the successor or acquiring corporation
("Other Property"), are to be received by or distributed to the holders of
Common Stock of the Company, then Holder shall have the right thereafter to
receive, upon exercise of the Warrant, such number of shares of common stock of
the successor or acquiring corporation or of the Company, if it is the surviving
corporation, and Other Property as is receivable upon or as a result of such
Fundamental Corporate Change by a holder of the number of shares of Common Stock
for which this Warrant is exercisable immediately prior to such Fundamental
Corporate Change. In the case of a Fundamental Corporate change which is a
reclassification of the Common Stock (other than a change in par value, or from
par value to no par value or from no par value to par value) into shares of
Common Stock and shares of any other class of stock shall be deemed a
distribution by the Company to the holders of its Common Stock of such shares of
such other class of stock within the meaning of this Section 4.3 and, if the
outstanding shares of Common Stock shall be changed into a larger or smaller
number of shares of Common Stock as a part of such reclassification, such change
shall be deemed a subdivision or combination, as the case may be, of the
outstanding shares of Common Stock within the meaning of Section 4.3.

                  In case of any such Fundamental Corporate Change, the
successor or acquiring corporation, (if other than the Company) shall expressly
assume the due and punctual observance and performance of each and every
covenant and condition of this Warrant to be performed and observed by the
Company and all the obligations and liabilities hereunder, subject to such
modifications as may be deemed appropriate (as determined by resolution of the
Board of Directors of the Company) in order to provide for adjustments of shares
of Common Stock for which this Warrant is exercisable which shall be as nearly
equivalent as practicable to the adjustments provided for in this Section 3. For
purposes of this Section 3.2, "common stock of the successor or acquiring
corporation" shall include stock of such corporation of any class which is not
preferred as to dividends or assets over any other class of stock of such
corporation and which is not subject to redemption and shall also include any
evidences of indebtedness, shares of stock or other securities which are
convertible into or exchangeable for any such stock, either immediately or upon
the arrival of a specified date or the happening of a specified event and any
warrants or other rights to subscribe for or purchase any such stock. The
foregoing provisions of this Section 3.2 shall similarly apply to successive
Fundamental Corporate Change.

                                      -5-
<PAGE>

                  4. NOTICES TO HOLDER

                  4.1 Notice of Adjustments

                  Whenever the number of shares of Common Stock for which this
Warrant is exercisable, or whenever the price at which a share of such Common
Stock may be purchased upon exercise of the Warrants, shall be adjusted pursuant
to Section 3, the Company shall forthwith prepare a certificate to be executed
by the chief financial officer of the Company setting forth, in reasonable
detail, the event requiring the adjustment and the method by which such
adjustment was calculated (including a description of the basis on which the
Board of Directors of the Company determined the fair value of any evidences of
indebtedness, shares of stock, other securities or property or warrants or other
subscription or purchase rights referred to in Section 3.2), specifying the
number of shares of Common Stock for which this Warrant is exercisable and (if
such adjustment was made pursuant to Section 3.2) describing the number and kind
of any other shares of stock or Other Property for which this Warrant is
exercisable, and any change in the purchase price or prices thereof, after
giving effect to such adjustment or change. The Company shall promptly cause a
signed copy of such certificate to be delivered to the Holder in accordance with
Section 10.2. The Company shall keep at the Principal Office copies of all such
certificates and cause the same to be available for inspection at said office
during normal business hours by the Holder.

                  4.2 Notice of Corporate Action

                  If at any time:

                  (a) the Company shall take a record of the holders of its
Common Stock for the purpose of entitling them to receive a dividend or other
distribution, or any right to subscribe for or purchase any evidences of its
indebtedness, any shares of stock of any class or any other securities or
property, or to receive any other right; or

                  (b) there shall be any capital reorganization of the Company,
any reclassification or recapitalization of the capital stock of the Company or
any consolidation or merger of the Company with, or any sale, transfer or other
disposition of all or substantially all the property, assets or business of the
Company to, another corporation; or

                  (c) there shall be a voluntary or involuntary dissolution,
liquidation or winding up of the Company;

                                       -6-
<PAGE>

then in any one or more of such cases, the Company shall give to Holder (i) at
least 10 days' prior written notice of the date on which a record date shall be
selected for such dividend, distribution or right or for determining rights to
vote in respect of any such reorganization, reclassification, merger,
consolidation, sale, transfer, disposition, dissolution, liquidation or winding
up. Such notice also shall specify (i) the date on which any such record is to
be taken the date on which the holders of Common Stock shall be entitled to any
such dividend, distribution or right, and the amount and character thereof, and
(ii) the date on which any such reorganization, reclassification, merger,
consolidation, sale, transfer, disposition, dissolution, liquidation or winding
up is to take place and the time, if any such time is to be fixed, as of which
the holders of Common Stock shall be entitled to exchange their shares of Common
Stock for securities or other property deliverable upon such reorganization,
reclassification, merger, consolidation, sale, transfer, disposition,
dissolution, liquidation or winding up.

                  5. RESERVATION AND AUTHORIZATION OF COMMON STOCK

                  From and after the Closing Date, the Company shall at all
times reserve and keep available for issuance upon the exercise of Warrants such
number of its authorized but unissued shares of Common Stock as will be
sufficient to permit the exercise in full of all outstanding Warrants. All
shares of Common Stock which shall be so issuable, when issued upon exercise of
any Warrant and payment therefor in accordance with the terms of such Warrant,
shall be duly and validly issued and fully paid and nonassessable and not
subject to preemptive rights.

                  6. RESTRICTIONS ON TRANSFERABILITY

                  The Warrants and the Warrant Stock shall not be transferred,
hypothecated or assigned before satisfaction of the conditions specified in this
Section 6, which conditions are intended to ensure compliance with the
provisions of the Securities Act with respect to the transfer of any Warrant or
any Warrant Stock. Holder, by acceptance of this Warrant, agrees to be bound by
the provisions of this Section 6.

                  6.1 Investment Intent - Legend

                      (a) The Holder represents that the Holder will be
acquiring the Warrant Shares for investment and not with a view to, or for sale
in connection with, any distribution thereof nor with any present intention to
sell the Warrant Shares. The undersigned will not offer or transfer the Warrant
Shares except pursuant to an effective registration statement pursuant to the
Securities Act or an exemption from such requirements as set forth in an opinion
of counsel. The certificates for the Warrant Shares shall contain a legend to
such effect and be subject to a stop transfer order. Except as set forth herein,
the Company has no obligation to register the Shares under the Securities Act,
or to assist the undersigned in complying with an exemption from registration
under the Securities Act.

                      (b) Each certificate for the Warrant Shares shall be
imprinted with a legend substantially in the following form or such other legend
determined by counsel to the Company:

                                       -7-
<PAGE>

              THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
              REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER
              ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD OR
              OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
              STATEMENT WITH RESPECT THERETO UNDER SAID ACT, OR AN OPINION OF
              COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
              REQUIRED.

                  7. LOSS OR MUTILATION

                  Upon receipt by the Company from Holder of evidence reasonably
satisfactory to it of the ownership of and the loss, theft, destruction or
mutilation of this Warrant and indemnity reasonably satisfactory to it (it being
understood that the written agreement of the Holder shall be sufficient
indemnity), and in case of mutilation upon surrender and cancellation hereof,
the Company will execute and deliver in lieu hereof a new Warrant of like tenor
to Holder; provided, in the case of mutilation no indemnity shall be required if
this Warrant in identifiable form is surrendered to the Company for
cancellation.

                  8. NO RIGHTS AS A STOCKHOLDER

                  No provision hereof, shall give rise to any right of Holder as
a stockholder of the Company.

                  9. MISCELLANEOUS

                  9.1 Nonwaiver and Expenses

                  No course of dealing or any delay or failure to exercise any
right hereunder on the part of Holder shall operate as a waiver of such right or
otherwise prejudice Holder's rights, powers or remedies. If the event of a
default or breach of this Warrant Agreement, the Company shall pay the Holder
hereof, reasonable costs of enforcement and collection, including reasonable
attorneys' fees.

                  9.2 Notice Generally

                  Except as may be otherwise provided herein, any notice or
other communication or delivery required or permitted hereunder shall be in
writing and shall be delivered personally or sent by certified mail, postage
prepaid, or by a nationally recognized overnight courier service, and shall be
deemed given when so delivered personally or by overnight courier service, or,
if mailed, three days after the date of deposit in the United States mails to
the following address or other address changed by notice hereunder.

                                      -8-
<PAGE>

                      (a) if to the Company, to the address set forth on page 1.

                      (b) if to the Holder, at the address set forth on page 1,

                  9.3 Successors and Assigns

                  Subject to the provisions of Sections 2.4 and 6, this Warrant
and the rights evidenced hereby shall inure to the benefit of and be binding
upon the successors of the Company and the successors and assigns of Holder. The
provisions of this Warrant are intended to be for the benefit of all Holders
from time to time of this Warrant and, with respect to Section 9 hereof, holders
of Warrant Stock, and shall be enforceable by any such Holder or holder of
Warrant Stock.

                  9.4 Amendment

                  This Warrant and all other Warrants may be modified or amended
or the provisions hereof waived with the written consent of the Company and
Holder.

                  9.5 Severability

                  Wherever possible, each provision of this Warrant shall be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Warrant shall be prohibited by or invalid under
applicable law, such provision shall only be ineffective to the extent of such
prohibition or invalidity, without invalidating the remainder of such provision
or the remaining provisions of this Warrant.

                  9.6 Headings

                  The headings used in this Warrant are for the convenience of
reference only and shall not, for any purpose, be deemed a part of this Warrant.

                  9.7 Governing Law/Jurisdiction/Venue

         This Warrant shall be governed by the laws of the State of New York,
without regard to the provisions thereof relating to conflicts of law. THE
COMPANY HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY FEDERAL OR STATE
COURT SITUATED IN NEW YORK COUNTY, NEW YORK IN ANY ACTION OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS PROMISSORY NOTE, AND HEREBY IRREVOCABLY AGREES THAT
ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED
IN ANY SUCH FEDERAL OR STATE COURT. THE COMPANY HEREBY IRREVOCABLY WAIVES ANY
VENUE OBJECTION IT MAY HAVE TO ANY SUCH ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT IN ANY SUCH VENUE AND ANY OBJECTION ON THE GROUNDS
THAT ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT HAS BEEN BROUGHT IN ANY
INCONVENIENT FORUM.

                            [SIGNATURE PAGE FOLLOWS.]

                                      -9-
<PAGE>

                  IN WITNESS WHEREOF, the Company has caused this Warrant to be
duly executed and its corporate seal to be impressed hereon and attested by its
Secretary or an Assistant Secretary.

Dated:  as of March 3, 2002

                                   EPIXTAR CORP.

                                   By: s/
                                       -----------------------------------------
                                       Name:
                                       Title:

Attest:

  By: s/
      ----------------------------
      Name:
      Title:
<PAGE>

                                                                       EXHIBIT A

                                 EXERCISE NOTICE

                 [To be executed only upon exercise of Warrant]

                  The undersigned registered owner of this Warrant irrevocably
exercises this Warrant for the purchase of __________ shares of Common Stock of
Epixtar Corp. and herewith makes payment therefor, all at the price and on the
terms and conditions specified in this Warrant and requests that certificates
for the shares of Common Stock hereby purchased (and any securities or other
property issuable upon such exercise) be issued in the name of and delivered to

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

whose address is

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

and, if such shares of Common Stock shall not include all of the shares of
Common Stock issuable as provided in this Warrant, that a new Warrant of like
tenor and date for the balance of the shares of Common Stock issuable hereunder
be delivered to the undersigned.

                                           (Name of Registered Owner)

                                         (Signature of Registered Owner)

                                                (Street Address)

                                        (City)     (State)     (Zip Code)

                                    Notice: The signature on this Notice of
                                    Exercise must correspond with the name as
                                    written upon the face of the within Warrant
                                    in every particular, without alteration or
                                    enlargement or any change whatsoever.

                                      A-1
<PAGE>

                                                                       EXHIBIT B

                                 ASSIGNMENT FORM

                  FOR VALUE RECEIVED the undersigned registered owner of this
Warrant hereby sells, assigns and transfers unto the Assignee named below all of
the rights of the undersigned under this Warrant, with respect to the number of
shares of Common Stock set forth below:

                                                            No. of Shares of
Name and Address of Assignee                                  Common Stock
----------------------------                                  ------------

and does hereby irrevocably constitute and appoint

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

attorney-in-fact to register such transfer on the books of Epixtar Corp.
maintained for the purpose, with full power of substitution in the premises.

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

                         ------------------------------------------------------
                                           (Print Name)

                         ------------------------------------------------------
                                         (Signature)

                         ------------------------------------------------------
                                    (Print Name of Witness)

                         ------------------------------------------------------
                                       (Witness's Signature)

                         Notice: The signature on 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 whatsoever.

                                      B-1

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