Document:

Exhibit 4.5

THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUED UPON ANY EXERCISE HEREOF HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD
OR OTHERWISE TRANSFERRED TO ANY PERSON, INCLUDING A PLEDGEE, UNLESS (i) EITHER
(A) A REGISTRATION STATEMENT WITH RESPECT THERETO SHALL BE EFFECTIVE UNDER THE
SECURITIES ACT, OR (B) THE COMPANY SHALL HAVE RECEIVED AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT AN EXEMPTION FROM REGISTRATION UNDER THE
SECURITIES ACT IS AVAILABLE, AND (ii) THERE SHALL HAVE BEEN COMPLIANCE WITH ALL
APPLICABLE STATE SECURITIES OR "BLUE-SKY" LAWS.

No. ______________                                              For the Purchase
                                                       of up to __________shares
                                                                 of Common Stock

                               WARRANT TO PURCHASE

                                  COMMON STOCK

                                       OF

                          TNX TELEVISION HOLDINGS, INC.

                            (A DELAWARE CORPORATION)

         TNX Television Holdings, Inc., a Delaware corporation (the "Company"),
for value received, hereby certifies that ______________________, or his, her or
its permitted assigns (the "Holder"), is entitled, subject to the terms set
forth below, to purchase from the Company, at any time or from time to time at
or before the earlier of 5:00 p.m. New York City local time on ____________ ___,
2009 (the "Expiration Date") and the termination of this Warrant as provided in
Section 6 hereof, up to __________________ shares of common stock, par value
$0.001 per share, of the Company ("Common Stock"), at a purchase price per share
equal to $____ per share (the "Base Price"), as adjusted upon the occurrence of
certain events as set forth in Section 2 of this Warrant. The shares of Common
Stock issuable upon exercise of this Warrant, and the purchase price per share,
are hereinafter referred to as "Warrant Stock" and the "Purchase Price,"
respectively.

         1. Exercise.

                  1.1 Manner of Exercise; Payment in Cash. This Warrant may be
         exercised by the Holder, in whole or in part, by surrendering this
         Warrant, with the purchase form appended hereto as Exhibit A duly
         executed by the Holder, at the principal office of the Company, or at
         such other place as the Company may designate, accompanied by payment
         in full of the Purchase Price payable in respect of the number of
         shares of Warrant Stock purchased upon such exercise. Payment of the
         Purchase Price shall be in cash or by certified or official bank check
         payable to the order of the Company.

<PAGE>

                  1.2 Effectiveness. Each exercise of this Warrant shall be
         deemed to have been effected immediately prior to the close of business
         on the day on which this Warrant shall have been surrendered to the
         Company as provided in Section 1.1 above. At such time, the person or
         persons in whose name or names any certificates for Warrant Stock shall
         be issuable upon such exercise as provided in Section 1.3 below shall
         be deemed to have become the holder or holders of record of the Warrant
         Stock represented by such certificates.

                  1.3. Delivery of Certificate(s). As soon as practicable after
         the exercise of this Warrant in full or in part, and in any event
         within ten (10) business days thereafter, the Company at its sole
         expense will cause to be issued in the name of, and delivered to, the
         Holder, or, subject to the terms and conditions hereof, as such Holder
         (upon payment by such Holder of any applicable transfer taxes) may
         direct:

                           (a) A certificate or certificates for the number of
                  full shares of Warrant Stock to which such Holder shall be
                  entitled upon such exercise plus, in lieu of any fractional
                  share to which such Holder would otherwise be entitled, cash
                  in an amount determined pursuant to Section 1.4 hereof, and

                           (b) In case such exercise is in part only, a new
                  warrant or warrants (dated the date hereof) of like tenor,
                  calling in the aggregate on the face or faces thereof for the
                  number of shares of Warrant Stock (without giving effect to
                  any adjustment therein) equal to the number of such shares
                  called for on the face of this Warrant minus the number of
                  such shares purchased by the Holder upon such exercise as
                  provided in Section 1.1 above.

                  1.4. Fractional Shares. The Company shall not be required upon
         the exercise of this Warrant to issue any fractional shares, but shall
         make an adjustment therefor in cash on the basis of the fair market
         value of the Warrant Stock reasonably determined by the Board of
         Directors of the Company (and, in the case of a conversion of this
         Warrant, in accordance with Section 1.5(c)).

                  1.5      Right to Convert Warrant into Stock; Net Issuance.

                  (a) Right to Convert. Subject to Section 6, in addition to and
         without limiting the rights of the Holder under the terms of this
         Warrant, the Holder shall have the right to convert this Warrant or any
         portion thereof (the "Conversion Right") into shares of Warrant Stock
         as provided in this Section 1.5 at any time or from time to time during
         the term of this Warrant. Upon exercise of the Conversion Right with
         respect to a particular number of shares subject to this Warrant (the
         "Converted Warrant Shares"), the Company shall deliver to the Holder
         (without payment by the Holder of any Purchase Price or any cash or
         other consideration) that number of shares of fully paid and
         nonassessable Warrant Stock equal to the quotient obtained by dividing
         (X) the value of this Warrant (or the specified portion hereof) on the
         Conversion Date (as defined in subsection (b) hereof), which value
         shall be determined by subtracting (A) the aggregate Purchase Price of
         the Converted Warrant Shares immediately prior to the exercise of the
         Conversion Right from (B) the aggregate fair market value of the
         Converted Warrant Shares issuable upon exercise of this Warrant (or the
         specified portion hereof) on the Conversion Date (as herein defined) by
         (Y) the fair market value of one share of Warrant Stock on the
         Conversion Date (as herein defined).

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<PAGE>

         Expressed as a formula, such conversion shall be computed as follows:

         N = B-A
             ---
              Y

         where: N = the number of shares of Warrant Stock that may be issued to
                    Holder

                Y = the fair market value (FMV) of one share of Warrant Stock

                A = the aggregate Warrant Price (Converted Warrant Shares x
                    Purchase Price)

                B = the aggregate FMV (i.e., FMV x Converted Warrant Shares)

         No fractional shares shall be issuable upon exercise of the Conversion
         Right, and, if the number of shares to be issued determined in
         accordance with the foregoing formula is other than a whole number, the
         Company shall pay to the Holder an amount in cash equal to the fair
         market value of the resulting fractional share of the Conversation Date
         (as herein defined).

                  (b) Method of Exercise. The Conversion Right may be exercised
         by the Holder by the surrender of this Warrant at the principal office
         of the Company together with the Subscription Form in the form attached
         hereto duly completed and executed and indicating the number of shares
         subject to this Warrant which are being surrendered (referred to in
         Section 1.5(a) hereof as the Converted Warrant Shares) in exercise of
         the Conversion Right. Such conversion shall be effective upon receipt
         by the Company of this Warrant together with the aforesaid written
         statement, or on such later date as is specified therein (the
         "Conversion Date"), and, at the election of the Holder hereof, may be
         made contingent upon the occurrence of any of the events specified in
         Section 6. Certificates for the shares issuable upon exercise of the
         Conversion Right and, if applicable, a new warrant (date the date
         hereof) evidencing the balance of the shares remaining subject to this
         Warrant, shall be issued as of the Conversion Date and shall be
         delivered to the Holder within thirty (30) days following the
         Conversion Date.

                  (c) Determination of Fair Market Value. For purposes of this
         Section 1.5, "fair market value" of a share of Warrant Stock as of a
         particular date (the "Determination Date") shall mean:

                                       3
<PAGE>

                                    (1) If the Company's Common Stock is traded
                           on an exchange or is quoted on the Nasdaq National or
                           Small Cap Market, then the closing price on the day
                           before the Determination Date;

                                    (2) If the Company's Common Stock is not
                           traded on an exchange or on the Nasdaq National or
                           Small Cap Market but is traded in the
                           over-the-counter market, then the closing price on
                           the day before the Determination Date;

                                    (3) In the event that the Determination Date
                           is the date of a liquidation, dissolution or winding
                           up, or any event deemed to be a liquidation,
                           dissolution or winding up with respect to the Warrant
                           Stock under the Company's Certificate of
                           Incorporation, then the fair market value per share
                           of the Warrant Stock shall be determined by
                           aggregating all amounts to be payable per share to
                           holders of the Warrant Stock in the event of such
                           liquidation, dissolution or winding up; or

                                    (4) In all other cases, the fair market
                           value per share of the Warrant Stock shall be
                           determined in good faith by the Company's Board of
                           Directors upon review of relevant factors.

         2. Certain Adjustments. The Purchase Price and the number of shares of
Warrant Stock deliverable upon exercise of the Warrant shall be subject to
adjustment from time to time as follows:

                           2.1 Subdivision, Reclassification or Change in Common
         Stock. In the event of any subdivision, reclassification or change of
         the Common Stock into a greater number or different class or classes of
         stock, the number of shares of Warrant Stock deliverable upon exercise
         of this Warrant shall be determined in accordance with the terms of the
         Certificate of Incorporation, and the Purchase Price for such Warrant
         Stock shall be proportionately reduced.

                  2.2 Consolidation, Reclassification or Change in Common Stock.
         In the event of any consolidation, reclassification or change of the
         Common Stock into a lesser number or different class or classes of
         stock, the number of shares of Warrant Stock deliverable upon exercise
         of this Warrant shall be determined in accordance with the terms of the
         Certificate of Incorporation, and the Purchase Price for such Warrant
         Stock shall be proportionately increased.

                  2.3 Reorganizations. If there shall occur any capital
         reorganization of the Common Stock (other than a subdivision,
         combination, reclassification or change in par value), then, as part of
         any such reorganization, lawful provision shall be made so that the
         Holder shall have the right thereafter to receive upon the exercise of
         this Warrant the kind and amount of shares of stock or other securities
         or property which such Holder would have been entitled to receive if,
         immediately prior to any such reorganization, such Holder had held the
         number of shares of Common Stock which were then purchasable upon the
         exercise of this Warrant. In any such case, appropriate adjustment (as
         reasonably determined by the Board of Directors of the Company) shall
         be made in the application of the provisions set forth herein with
         respect to the rights and interests thereafter of the Holder such that
         the provisions set forth in this Section 2 (including provisions with
         respect to adjustment of the Purchase Price) shall thereafter be
         applicable, as nearly as is reasonably practicable, in relation to any
         shares of stock or other securities or property thereafter deliverable
         upon the exercise of this Warrant.

                                       4
<PAGE>

                  2.4 Merger, Consolidation or Sale of Assets. Subject to the
         provisions of Section 6, if there shall be a merger or consolidation of
         the Company with or into another corporation (other than a merger or
         reorganization involving only a change in the state of incorporation of
         the Company or the acquisition by the Company of other businesses where
         the Company survives as a going concern), or the sale of all or
         substantially all of the Company's capital stock or assets to any other
         person, then as a part of such transaction, provision shall be made so
         that the Holder shall thereafter be entitled to receive the number of
         shares of stock or other securities or property of the Company, or of
         the successor corporation resulting from the merger, consolidation or
         sale, to which the Holder would have been entitled if the Holder had
         exercised its rights pursuant to this Warrant immediately prior
         thereto. In any such case, appropriate adjustment shall be made in the
         application of the provisions of this Section 2 to the end that the
         provisions of this Section 2 shall be applicable after that event in as
         nearly equivalent a manner as may be practicable.

                  2.5 Certificate of Adjustment. When any adjustment is required
         to be made in the Purchase Price, the Company shall promptly mail to
         the Holder a certificate setting forth the Purchase Price after such
         adjustment and setting forth a brief statement of the facts requiring
         such adjustment. Delivery of such certificate shall be deemed to be a
         final and binding determination with respect to such adjustment unless
         challenged by the Holder within ten (10) days of receipt thereof. Such
         certificate shall also set forth the kind and amount of stock or other
         securities or property into which this Warrant shall be exercisable
         following the occurrence of any of the events specified in this Section
         2.

         3.       Compliance with Securities Act.

                  3.1 Unregistered Securities. The Holder acknowledges that this
         Warrant and the Warrant Stock have not been registered under the
         Securities Act, and agrees not to sell, pledge, distribute, offer for
         sale, transfer or otherwise dispose of this Warrant or any Warrant
         Stock in the absence of (i) an effective registration statement under
         the Securities Act covering this Warrant or such Warrant Stock and
         registration or qualification of this Warrant or such Warrant Stock
         under any applicable "blue-sky" or state securities law then in effect,
         or (ii) an opinion of counsel, satisfactory to the Company, that such
         registration and qualification are not required. The Company may delay
         issuance of the Warrant Stock until completion of any action or
         obtaining of any consent, which the Company deems necessary under any
         applicable law (including without limitation state securities or
         "blue-sky" laws).

                  3.2 Legend. Certificates delivered to the Holder pursuant to
         Section 1.3 shall bear the following legend or a legend in
         substantially similar form:

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<PAGE>

                  "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
                  APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE
                  OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE
                  ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE
                  SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
                  APPLICABLE STATE SECURITIES LAWS, OR (B) AN OPINION OF
                  COUNSEL, IN A REASONABLY ACCEPTABLE FORM, THAT REGISTRATION IS
                  NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES
                  LAWS, OR (II) UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID
                  ACT."

         4. Reservation of Stock. The Company agrees that, prior to the
expiration of this Warrant, the Company will at all times have authorized and in
reserve, and will keep available, solely for issuance or delivery upon the
exercise of this Warrant, the shares of Common Stock and other securities and
properties as from time to time shall be receivable upon the exercise of this
Warrant, free and clear of all restrictions on sale or transfer and free and
clear of all preemptive rights and rights of first refusal.

         5. Replacement of Warrants. Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant and (in the case of loss, theft or destruction) upon delivery of an
indemnity agreement (with surety if reasonably required) in an amount reasonably
satisfactory to the Company, or (in the case of mutilation) upon surrender and
cancellation of this Warrant, the Company will issue, in lieu thereof, a new
Warrant of like tenor.

         6. Termination Upon Certain Events. If there shall be a merger or
consolidation of the Company with or into another corporation (other than a
merger or reorganization involving only a change in the state of incorporation
of the Company or the acquisition by the Company of other businesses where the
Company survives as a going concern), or the sale of all or substantially all of
the Company's capital stock or assets to any other person, or the liquidation or
dissolution of the Company, then as a part of such transaction, at the Company's
option, either:

                  (a) provision shall be made so that the Holder shall
         thereafter be entitled to receive the number of shares of stock or
         other securities or property of the Company, or of the successor
         corporation resulting from the merger, consolidation or sale, to which
         the Holder would have been entitled if the Holder had exercised its
         rights pursuant to this Warrant immediately prior thereto (and, in such
         case, appropriate adjustment shall be made in the application of the
         provisions of this Section 6(a) to the end that the provisions of
         Section 2 shall be applicable after that event in as nearly equivalent
         a manner as may be practicable); or

                                       6
<PAGE>

                  (b) this Warrant shall terminate on the effective date of such
         merger, consolidation or sale (the "Termination Date") and become null
         and void, provided that if this Warrant shall not have otherwise
         terminated or expired, (i) the Company shall have given the Holder
         written notice of such Termination Date at least twenty (20) business
         days prior to the occurrence thereof and (ii) the Holder shall have the
         right until 5:00 p.m., New York City local time, on the day immediately
         prior to the Termination Date to exercise its rights hereunder to the
         extent not previously exercised.

         7. Transferability. Without the prior written consent of the Company,
this Warrant shall not be assigned, pledged or hypothecated in any way (whether
by operation of law or otherwise) and shall not be subject to execution,
attachment or similar process. Any attempted transfer, assignment, pledge,
hypothecation or other disposition of this Warrant or of any rights granted
hereunder contrary to the provisions of this Section 7, or the levy of any
attachment or similar process upon this Warrant or such rights, shall be null
and void.

         8. No Rights as Stockholder. Until the exercise of this Warrant, the
Holder shall not have or exercise any rights by virtue hereof as a stockholder
of the Company.

         9. Notices. All notices, requests and other communications hereunder
shall be in writing, shall be either (i) delivered by hand, (ii) made by telex,
telecopy or facsimile transmission, (iii) sent by overnight courier, or (iv)
sent by registered mail, postage prepaid, return receipt requested. In the case
of notices from the Company to the Holder, they shall be sent to the address
furnished to the Company in writing by the last Holder who shall have furnished
an address to the Company in writing. All notices from the Holder to the Company
shall be delivered to the Company at its offices at 1811 Chestnut St., Suite
120, Philadelphia , PA 19103, Attention: Secretary, or such other address as the
Company shall so notify the Holder. All notices, requests and other
communications hereunder shall be deemed to have been given (i) by hand, at the
time of the delivery thereof to the receiving party at the address of such party
described above, (ii) if made by telex, telecopy or facsimile transmission, at
the time that receipt thereof has been acknowledged by electronic confirmation
or otherwise, (iii) if sent by overnight courier, on the next business day
following the day such notices is delivered to the courier service, or (iv) if
sent by registered mail, on the fifth business day following the day such
mailing is made.

         10. Waivers and Modifications. Any term or provision of this Warrant
may be waived only by written document executed by the party entitled to the
benefits of such terms or provisions. The terms and provisions of this Warrant
may be modified or amended only by written agreement executed by the parties
hereto.

         11. Headings. The headings in this Warrant are for convenience of
reference only and shall in no way modify or affect the meaning or construction
of any of the terms or provisions of this Warrant.

         12. Governing Law. This Warrant will be governed by and construed in
accordance with and governed by the laws of Delaware without giving effect to
the conflict of law principles thereof.

                            [Signature Page Follows]

                                       7
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Warrant to be duly
executed, by one of its officers thereunto duly authorized.

                                TNX TELEVISION HOLDINGS, INC.

                                By: ________________________________
                                    Name:
                                    Title:

<PAGE>

                                    EXHIBIT A

                                  PURCHASE FORM

To:      TNX TELEVISION HOLDINGS, INC.

The undersigned pursuant to the provisions set forth in the attached Warrant
hereby irrevocably elects to (check one):

         _____             (A) purchase ___________________ shares of Common
                           Stock, par value $0.001 per share, of TNX Television
                           Holdings, Inc. (the "Common Stock"), covered by such
                           Warrant and herewith makes payment of $_____________,
                           representing the full purchase price for such shares
                           at the price per share provided for in such Warrant;
                           or

         _____             (B) convert ______________________ Warrant Shares
                           into that number of shares of fully paid and
                           nonassessable shares of Common Stock, determined
                           pursuant to the provisions of Section 1.5 of the
                           Warrant.

         Common Stock for which the Warrant may be exercised or converted shall
be known herein as "Warrant Stock."

         The undersigned is aware that Warrant Stock has not been and will not
be registered under the Securities Act of 1933, as amended (the "Securities
Act"), or any state securities laws. The undersigned understands that reliance
by the Company on exemptions under the Securities Act is predicated in part upon
the truth and accuracy of the statements of the undersigned in this Purchase
Form.

         The undersigned represents and warrants that (i) he has been furnished
with all information which he deems necessary to evaluate the merits and risks
of the purchase of Warrant Stock, (ii) he has had the opportunity to ask
questions concerning Warrant Stock and the Company and all questions posed have
been answered to his satisfaction, (iii) he has been given the opportunity to
obtain any additional information he deems necessary to verify the accuracy of
any information obtained concerning Warrant Stock and the Company and (iv) he
has such knowledge and experience in financial and business matters that he is
able to evaluate the merits and risks of purchasing Warrant Stock and to make an
informed investment decision relating thereto.

         The undersigned hereby represents and warrant that he is purchasing
Warrant Stock for his own account for investment and not with a view to the sale
or distribution of all or any part of Warrant Stock.

         The undersigned understands that because Warrant Stock has not been
registered under the Securities Act, he must continue to bear the economic risk
of the investment for an indefinite period of time and Warrant Stock cannot be
sold unless it is subsequently registered under applicable federal and state
securities laws or an exemption from such registration is available.

<PAGE>

         The undersigned agrees that he will in no event sell or distribute or
otherwise dispose of all or any part of Warrant Stock unless (i) there is an
effective registration statement under the Securities Act and applicable state
securities laws covering any such transaction involving Warrant Stock, or (ii)
the Company receives an opinion legal counsel acceptable to the Company stating
that such transaction is exempt from registration. The undersigned consents to
the placing of a legend on his certificate for Warrant Stock stating: (i) that
Warrant Stock has not been registered and setting forth the restriction on
transfer contemplated hereby and that certain Investor Rights Agreement among
the Company and the parties named therein; and (ii) to the placing of a
stop-transfer order on the books of the Company and with any transfer agents
against Warrant Stock until Warrant Stock may be legally resold or distributed
without restriction.

         The undersigned has considered the federal and state income tax
implications of the exercise of the Warrant and the purchase and subsequent sale
of the Warrant Stock.

                                       _______________________________
                                       Signature

                                       _______________________________
                                       Print Name

                                       or

                                       Entity Name:_____________________

                                       By:_____________________________
                                       Signature

                                       _______________________________
                                       Print Name

                                       _______________________________
                                       TitleEXHIBIT 4.6

                             STOCK OPTION AGREEMENT

      This Stock Option Agreement is made as of ___________ by and between TNX
Television Holdings, Inc. (the "Corporation"), and _____________ (the
"Optionee") with an address of _______________________.

                                    RECITALS

      In consideration of services provided to the Corporation by the Optionee,
the Corporation has granted stock options ("Options") to the Optionee to
purchase shares of the Corporation's common stock (the "Shares"). The stock
options granted herein are not "incentive stock options" under Section 422 of
the Internal Revenue Code of 1986, as amended.

NOW THEREFORE, specifically incorporating these recitals herein, it is agreed as
follows:

                                    AGREEMENT

                                    SECTION 1

                                 GRANT OF OPTION

1.1 NUMBER OF SHARES. Subject to the terms and conditions of this Agreement, the
Corporation grants to Optionee, Options to purchase from the Corporation
________________ shares (the "Option Shares").

1.2 EXERCISE PRICE. Each Option Share is exercisable at a price of US $___ per
share (the "Option Price").

1.3 TERM. The Expiration Date for all Options shall be ____________.

1.4 VESTING. The Options granted herein vest upon issuance.

1.5 CONDITIONS OF OPTION. The Options may be exercised immediately upon vesting,
subject to the terms and conditions as set forth in this Agreement.

                                    SECTION 2

                               EXERCISE OF OPTION

2.1 DATE EXERCISABLE. The Options shall become exercisable by Optionee in
accordance with Section 1.4 above.

2.2 MANNER OF EXERCISE OF OPTIONS AND PAYMENT FOR COMMON STOCK. The Options may
be exercised by the Optionee, in whole or in part, by giving written notice to
the Secretary of the Corporation, setting forth the number of Shares with
respect to which Options are being exercised. The purchase price of the Option
Shares upon exercise of the Options by the Optionee shall be paid in full in
cash.

<PAGE>

2.3 STOCK CERTIFICATES. Promptly after any exercise in whole or in part of the
Options by Optionee, the Corporation shall deliver to Optionee a certificate or
certificates for the number of Shares with respect to which the Options were so
exercised, registered in Optionee's name.

                                    SECTION 3

                               NONTRANSFERABILITY

3.1 RESTRICTION. The Options shall not be transferable by the Optionee otherwise
than by will or the laws of descent and distribution, and, during the lifetime
of such individual, shall not be exercisable by any other person, but only by
him.

                                    SECTION 4

                   NO RIGHTS AS SHAREHOLDER PRIOR TO EXERCISE

4.1 Optionee shall not be deemed for any purpose to be a shareholder of
Corporation with respect to any shares subject to the Options under this
Agreement to which the Options shall not have been exercised.

                                    SECTION 5

                                   ADJUSTMENTS

5.1 NO EFFECT ON CHANGES IN CORPORATION'S CAPITAL STRUCTURE. The existence of
the Options shall not affect in any way the right or power of the Corporation or
its shareholders to make or authorize any adjustments, recapitalization,
reorganization, or other changes in the Corporation's capital structure or its
business, or any merger or consolidation of the Corporation, or any issue of
bonds, debentures, preferred or preference stocks ahead of or affecting the
Option Shares, or the dissolution or liquidation of the Corporation, or any sale
or transfer of all or any part of its assets or business, or any other corporate
act or proceeding, whether of a similar character or otherwise.

5.2 ADJUSTMENT TO OPTION SHARES. In the event that the outstanding common stock
of the Corporation is hereafter changed by reason of reorganization, merger,
consolidation, recapitalization, reclassification, stock split-up, combination
of shares, reverse split, stock dividend or the like, an appropriate adjustment
shall be made in the number of shares and option price per share subject to the
Options. If the Corporation shall be reorganized, consolidated, or merged with
another corporation, the holder of this Option shall be entitled to receive upon
the exercise of this Option the same number and kind of shares of stock or the
same amount of property, cash or securities as the holder would have been
entitled to receive upon the happening of any such corporate event as if the
holder had been, immediately prior to such event, the holder of the number of
shares covered by this Option.

                                       2
<PAGE>

Any adjustment in the number of shares shall apply proportionately to only the
unexercised portion of the Option granted hereunder. If fractions of a share
would result from any such adjustment, the adjustment shall be revised to the
next lower whole number of shares.

                                    SECTION 6

                            MISCELLANEOUS PROVISIONS

6.1 DISPUTES. Any dispute or disagreement that may arise under or as a result of
this Agreement, or any question as to the interpretation of this Agreement, may
be determined by the Board in its absolute and uncontrolled discretion, and any
such determination shall be final, binding, and conclusive on all affected
persons.

6.2 NOTICES. Any notice that a party may be required or permitted to give to the
other shall be in writing, and may be delivered personally, by overnight courier
or by certified or registered mail, postage prepaid, addressed to the parties at
their current principal addresses, or such other address as either party, by
notice to the other, may designate in writing from time to time.

6.3 LAW GOVERNING. This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware.

6.4 TITLES AND CAPTIONS. All section titles or captions contained in this
Agreement are for convenience only and shall not be deemed part of the context
nor effect the interpretation of this Agreement.

6.5 ENTIRE AGREEMENT. This Agreement contains the entire understanding between
the parties and supersedes any prior understandings and agreements between them
respecting the subject matter of this Agreement.

6.6 AGREEMENT BINDING. This Agreement shall be binding upon the heirs,
executors, administrators, successors and assigns of the parties hereto.

6.7 PRONOUNS AND PLURALS. All pronouns and any variations thereof shall be
deemed to refer to the masculine, feminine, neuter, singular, or plural as the
identity of the person or persons may require.

6.8 FURTHER ACTION. The parties hereto shall execute and deliver all documents,
provide all information and take or forbear from all such action as may be
necessary or appropriate to achieve the purposes of the Agreement.

6.9 PARTIES IN INTEREST. Nothing herein shall be construed to be to the benefit
of any third party, nor is it intended that any provision shall be for the
benefit of any third party.

6.10 SAVINGS CLAUSE. If any provision of this Agreement, or the application of
such provision to any person or circumstance, shall be held invalid, the
remainder of this Agreement, or the application of such provision to persons or
circumstances other than those as to which it is held invalid, shall not be
affected thereby.

                                       3
<PAGE>

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date
set forth below.

TNX TELEVISION HOLDINGS, INC.

By:_______________________                  Date: ______________
   Name:
   Title:

The undersigned Optionee hereby acknowledges receipt of an executed original of
this Stock Option Agreement, accepts the Options granted thereunder, and agrees
to the terms and conditions thereof.

Dated: _______________

OPTIONEE

________________________

                                       4
<PAGE>

                          TNX TELEVISION HOLDINGS, INC.

                       NOTICE OF EXERCISE OF STOCK OPTION

The undersigned hereby exercises the Stock Options granted by TNX Television
Holdings, Inc. and seeks to purchase ____________________ shares of Common Stock
of the Corporation pursuant to said Options. The undersigned understands that
this exercise is subject to all the terms and provisions of the Stock Option
Agreement dated as of ______________.

Enclosed is a check in the sum of $_____________________ in payment for such
shares.

___________________________
Signature of Optionee

Date: ______________________

                                       5

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