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                                                                     EXHIBIT 4.2

                                                                    CONFIDENTIAL

                          REGISTRATION RIGHTS AGREEMENT

         This REGISTRATION RIGHTS AGREEMENT (this "Agreement"), is dated as of
May 2, 2002, by and between:

1.  USA NETWORKS, INC, a company incorporated under the laws of the state of
Delaware whose principal executive offices are at 152 West 57th Street, New
York, New York 10019 ("USA"); and

2.  Each of the entities named on Schedule I hereto (each a "Shareholder" and
collectively, the "Shareholders").

                              W I T N E S S E T H:

         WHEREAS, simultaneously with the execution hereof, the Shareholders
have agreed to acquire up to 19,954,028 shares of common stock of USA, par value
$0.01 per share ("Common Stock"), in a private transaction (the "Transaction")
exempt from the registration requirements of the Securities Act of 1933, as
amended (the "Securities Act"), pursuant to the terms and subject to the
conditions set forth in a Stock Purchase Agreement, dated as of May 2, 2002 (the
"Acquisition Agreement") (capitalized terms used in this Agreement and not
otherwise defined shall have the meanings ascribed to such terms in the
Acquisition Agreement);

         WHEREAS, USA has agreed, on the terms and subject to the conditions set
forth herein, to provide registration rights to the initial purchasers in the
Transaction and Affiliates (as defined herein) of Shareholders who become
holders of the Registrable Securities with respect to the shares of Common Stock
acquired by the Shareholders in the Transaction.

         NOW, THEREFORE, in consideration of the foregoing premises and the
mutual agreements, covenants, representations and warranties contained herein,
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto agree as follows:

1. SHELF REGISTRATION STATEMENT.

     1.1 FILING; EFFECTIVE PERIOD. USA shall prepare and file with the
Securities and Exchange Commission (the "SEC") as soon as reasonably
practicable, but in no event more than 30 days after the date hereof, a
Registration Statement on Form S-3 (or other appropriate form should Form S-3 be
unavailable for USA) for an offering to be made on a delayed or continuous basis
pursuant to Rule 415 of the Securities Act of 1933, as amended (the "Securities
Act"), registering the resale from time to time of the Registrable

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Securities and shall use reasonable best efforts to cause such Registration
Statement to become effective as soon as practicable following the date hereof
and remain effective until the earlier of (i) the date on which all Registrable
Securities have been sold pursuant to the Registration Statement, and (ii) the
second anniversary of the date hereof; provided, that USA may suspend the
effectiveness of such Registration Statement if and only for so long as (i) the
situation described in subsection 3(f)(i) exists or (ii) USA determines that
such registration would require premature disclosure of material information
relating to a pending corporate development; provided, further, that (i) any
period of continuous suspension shall not exceed twenty (20) business days, and
(ii) the Registration Statement shall not be suspended for an aggregate of
greater than sixty (60) business days in any calendar year. USA shall promptly
notify the Shareholders of the effective date of the Registration Statement by
e-mail to the address set forth on the signature page hereof. USA's obligation
under this Section 1.1 is subject to the Shareholders' timely cooperation in
supplying information in connection with the preparation and filing of the
Registration Statement.

     1.2 REGISTRABLE SECURITIES. For purposes of this Agreement "Registrable
Securities" shall mean only those shares of Common Stock acquired by the
Shareholders in the Transaction or transferred to Affiliates thereof, and any
shares received in connection with such shares of Common Stock as a result of a
stock split, stock dividend, or similar transaction. For purposes of this
Agreement, an "Affiliate" of a Shareholder shall mean (i) any person directly or
indirectly controlling, controlled by, or under common control with such
Shareholder (ii) with respect to a Shareholder that is a fund or account, shall
also include any fund or account managed on a discretionary basis by the same
manager that manages such Shareholder.

     1.3 REGISTRATION STATEMENT EXPENSES. All fees, disbursements and
out-of-pocket expenses and costs incurred by USA in connection with the
preparation of the Registration Statement under this Section 1 and in complying
with applicable securities and blue sky laws shall be borne by USA, including,
without limitation, printing costs, listing fees and SEC filing fees applicable
to the Registrable Securities being registered and all attorneys' fees of USA.
The Shareholders shall bear all costs and expenses incurred by them applicable
to the Registrable Securities being registered, including any brokerage
discounts, fees or commissions relating thereto, and the fees and expenses of
their respective counsel.

     1.4 SHAREHOLDER REVIEW OF REGISTRATION STATEMENT AND COMMENT LETTERS. Each
Shareholder and its respective counsel ("Counsel") shall have a reasonable
period, not to exceed five (5) business days, to review the proposed
Registration Statement or any amendment thereto, prior to filing with the SEC,
and USA shall provide Counsel with copies of any comment letters received from
the SEC with respect thereto within two (2) business days of receipt thereof.

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     1.5 QUALIFICATIONS. USA shall qualify any of the Registrable Securities for
sale in such states as Counsel reasonably designates and shall furnish
indemnification in the manner provided in Section 4 hereof. However, USA shall
not be required to qualify in any state which will require an escrow or other
restriction relating to USA and/or the sellers, or which will require USA to
qualify to do business in such state or require USA to file therein any general
consent to service of process in or otherwise subject USA or its subsidiaries to
any adverse business or financial consequences, including, without limitation,
being subject to state income or other state taxes.

     1.6 MANNER OF SALE. The Shareholder shall not be permitted to use the
Registration Statement for purposes of an underwritten offering without the
consent of USA.

2. COOPERATION WITH USA; REPRESENTATION. Each Shareholder shall cooperate with
USA in connection with this Section 2 by timely supplying all information
reasonably requested by USA (which shall include all information regarding the
Shareholder and the proposed manner of sale of the Registrable Securities
required to be disclosed in the Registration Statement) and executing and
returning all documents reasonably requested in connection with the registration
and sale of the Registrable Securities. A Shareholder's obligations under this
Section 2 shall include compliance by the Shareholder with respect to
information to be provided by Shareholder in connection with the Registration
Statement, the prospectus (the "Prospectus") related thereto, or any supplement
or amendment thereto, with the provisions of Sections 3(a), (f) and (g). Each
Shareholder represents and warrants to USA that any sale by the Shareholder of
its Registrable Securities, whether pursuant to a Registration Statement or
otherwise, shall be made in compliance with applicable federal, state and
foreign securities laws, to the extent such compliance is within the control of
the Shareholder.

3. REGISTRATION PROCEDURES. If and whenever USA is required by any of the
provisions of this Agreement to effect the registration of any of the
Registrable Securities under the Securities Act, USA shall (except as otherwise
provided in this Agreement), as expeditiously as possible, subject to the
Shareholder's assistance and cooperation as reasonably required:

          (a) (i) prepare and file with the SEC such amendments and supplements
     to the Registration Statement and the Prospectus as may be necessary to
     keep such registration statement effective and to comply with the
     provisions of the Securities Act with respect to the sale or other
     disposition of all securities covered by such registration statement
     whenever the Shareholders shall desire to sell or otherwise dispose of the
     Registrable Securities (including prospectus supplements with respect to
     the sales of securities from time to time in connection with a registration
     statement pursuant to Rule 415 promulgated under the Securities Act) and
     (ii) take all lawful action such that each of (A) the Registration
     Statement and any amendment thereto does not, when it becomes effective,
     contain an untrue

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     statement of a material fact or omit to state a material fact required to
     be stated therein or necessary to make the statements therein, in light of
     the circumstances under which they were made, not misleading and (B) the
     Prospectus, and any amendment or supplement thereto, does not at any time
     during the period in which the Registration Statement is effective include
     an untrue statement of a material fact or omit to state a material fact
     required to be stated therein or necessary to make the statements therein,
     in light of the circumstances under which they were made, not misleading,
     provided, however, that the obligations of USA set forth in this
     subparagraph shall not apply to the extent that such statement or omission
     relates to information to be provided by a Shareholder, so long as USA has
     included such information as provided by such Shareholder (or failed to
     include it due to such Shareholder's failure to provide such information);

          (b) (i) prior to the filing with the SEC of any Registration Statement
     (including any amendments thereto) and the distribution or delivery of the
     Prospectus (including any supplements thereto), provide draft copies
     thereof to Counsel and (ii) furnish to Counsel such numbers of copies of
     the Prospectus (including a preliminary prospectus or any amendment or
     supplement to the Prospectus), as applicable, in conformity with the
     requirements of the Securities Act, and such other documents, as Counsel
     may reasonably request in order to facilitate the public sale or other
     disposition of the Registrable Securities; and USA hereby consents to the
     use of such Prospectus or each amendment or supplement thereto by each
     Shareholder in connection with the offering and sale of the Registrable
     Securities covered by such Prospectus or any amendment or supplement
     thereto in the manner set forth therein;

          (c) comply with the blue sky laws with respect to the Registrable
     Securities, and do any and all other acts and things which may be
     reasonably necessary or advisable to enable the Shareholder to consummate
     the public sale or other disposition in such jurisdiction of the
     Registrable Securities, except that USA shall not for any such purpose be
     required to qualify to do business as a foreign corporation in any
     jurisdiction wherein it is not so qualified or to file therein any general
     consent to service of process;

          (d) prepare and file with the SEC such amendments and supplements to
     the Registration Statement and the Prospectus as may be necessary (i) to
     reflect a change in the "Shareholders" hereunder that results from a
     transfer of Registrable Securities to an Affiliate that is not a sale under
     the Registration Statement and (ii) to reflect any change in information
     about a Shareholder contained in the Registration Statement or Prospectus,
     in each case as promptly as practicable after receipt of written notice of
     the change from the applicable Shareholder, and, in the event of an
     amendment, take all reasonable actions to ensure that such amendment
     becomes effective as promptly as practicable;

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          (e) list such Registrable Securities on each securities exchange or
     quotation system on which similar securities issued by USA are then listed,
     if the listing of such Registrable Securities is then permitted under the
     rules of such exchange or quotation system or if the listing requirements
     are waived, or list such Registrable Securities on a mutually agreeable
     securities exchange or quotation system if the listing of such Registrable
     Securities is then permitted under the rules of such exchange or quotation
     system or if the listing requirements are waived. If listing on an exchange
     cannot be immediately effected, then it shall be accomplished as soon as
     possible;

          (f) (i) notify Counsel at any time when the Prospectus is required to
     be delivered under the Securities Act, of the happening of any event of
     which it has knowledge as a result of which the Prospectus, as then in
     effect, includes an untrue statement of a material fact or omits to state a
     material fact required to be stated therein or necessary to make the
     statements therein not misleading in the light of the circumstances then
     existing, and (ii) prepare and file a curative amendment or curative
     supplement under Section 3(a) as quickly as commercially possible;

          (g) as promptly as practicable after becoming aware of such event,
     notify Counsel of the issuance by the SEC or any state authority of any
     stop order or other suspension of the effectiveness of the Registration
     Statement at the earliest possible time and take all lawful action to
     effect the withdrawal, rescission or removal of such stop order or other
     suspension;

          (h) maintain a transfer agent for its securities; and

          (i) cooperate with each Shareholder to facilitate the timely
     preparation and delivery of certificates representing Registrable
     Securities sold pursuant to a Registration Statement and cause such
     certificates to be registered in such names as the Shareholder may request
     in writing; provided however, that the Shareholder shall be responsible to
     pay any applicable transfer fees and taxes.

4. INDEMNIFICATION AND CONTRIBUTION.

     4.1 INDEMNIFICATION BY USA. USA agrees to indemnify and hold harmless the
Shareholder and each person, if any, who controls the Shareholder within the
meaning of the Securities Act (collectively with the Shareholder, the
"Distributing Shareholder") against any losses, claims, damages or liabilities,
joint or several (which shall, for all purposes of this Agreement, include, but
not be limited to, all reasonable costs of defense and investigation and all
reasonable attorneys' fees), to which the Distributing Shareholder may become
subject, under the Securities Act or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon any untrue statement or alleged untrue statement of any material fact
contained in the Registration Statement, or any related preliminary prospectus,
the

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Prospectus or amendment or supplement thereto, or arise out of or are based
upon the omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein in light of the
circumstances under which they were made not misleading; PROVIDED, HOWEVER, that
USA will not be liable in any such case to the extent that any such loss, claim,
damage or liability arises out of or is based upon an untrue statement or
alleged untrue statement or omission or alleged omission made in the
Registration Statement, preliminary prospectus, the Prospectus or amendment or
supplement thereto in reliance upon, and in conformity with, information
furnished to USA in writing by the Distributing Shareholder specifically for use
in the preparation thereof. This Section 4.1 shall not inure to the benefit of
any Distributing Shareholder with respect to any person asserting such loss,
claim, damage or liability who purchased the Registrable Securities which are
the subject thereof if the Distributing Shareholder failed to send or give a
copy of the Prospectus, or any amendment or supplement thereto, to such person
at or prior to the written confirmation to such person of the sale of such
Registrable Securities, where the Distributing Shareholder was obligated to do
so under the Securities Act or the rules and regulations promulgated thereunder
and where the document required to be distributed would have corrected the
misstatement or alleged misstatement or the omission or alleged omission. This
indemnity agreement, together with the contribution agreement contained herein,
shall be in addition to any liability which USA may otherwise have with respect
to the matters described herein.

     4.2 INDEMNIFICATION BY A SHAREHOLDER. Each Shareholder agrees that it will,
severally and not jointly, indemnify and hold harmless USA, and each officer,
director of USA or person, if any, who controls USA within the meaning of the
Securities Act, against any losses, claims, damages or liabilities, joint or
several (which shall, for all purposes of this Agreement, include, but not be
limited to, all reasonable costs of defense and investigation and all reasonable
attorneys' fees) to which USA or any such officer, director or controlling
person may become subject under the Securities Act or otherwise, insofar as such
losses, claims, damages or liabilities (or actions in respect thereof) arise out
of or are based upon any untrue statement or alleged untrue statement of any
material fact contained in the Registration Statement, or any related
preliminary prospectus, the Prospectus or amendment or supplement thereto, or
arise out of or are based upon the omission or the alleged omission to state
therein a material fact required to be stated therein or necessary to make the
statements therein in light of circumstances under which they were made not
misleading, but in each case only to the extent that such untrue statement or
alleged untrue statement or omission or alleged omission was made in the
Registration Statement, preliminary prospectus, the Prospectus or amendment or
supplement thereto in reliance upon, and in conformity with, written information
furnished to USA by such Shareholder specifically for use in the preparation
thereof. This indemnity agreement will be in addition to any liability which the
Shareholder may otherwise have to USA with respect to the matters described
herein.

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     4.3 CONTRIBUTION. In order to provide for just and equitable contribution
under the Securities Act in any case in which the indemnification provided in
Section 4.1 or 4.2 is for any reason unavailable to or insufficient to hold
harmless an indemnified party in respect of any losses, claims, damages or
liabilities, then USA and the applicable Shareholder shall contribute to the
payment or satisfaction of the aggregate losses, claims, damages or liabilities
to which they may be subject (which shall, for all purposes of this Agreement,
include, but not be limited to, all reasonable costs of defense and
investigation and all reasonable attorneys' fees), in either such case (after
contribution from others) on the basis of relative fault as well as any other
relevant equitable considerations, which shall include both the relative fault
of the parties and the relative benefits to the parties. The relative fault
shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission
to state a material fact relates to information supplied by USA on the one hand
or the applicable Shareholder on the other hand, and the parties' relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. USA and the Shareholder agree that it would not be
just and equitable if contribution pursuant to this Section 4.3 were determined
by pro rata allocation or by any other method of allocation which does not take
account of the equitable considerations referred to in this Section 4.3. The
amount paid or payable by an indemnified party as a result of the losses,
claims, damages or liabilities (or actions in respect thereof) referred to above
in this Section 4.3 shall be deemed to include any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating
or defending any such action or claim. Notwithstanding the provisions of this
Section 4.3, no Shareholder shall be required to indemnify or contribute any
amount in excess of the amount by which the total price at which the Registrable
Securities sold by such Shareholder exceeds the amount of damages that such
Shareholder has otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission or alleged omission. No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation.

         For purposes of this Section 4.3, each person, if any, who controls a
Shareholder, within the meaning of the Securities Act, shall have the same
rights to contribution as the Shareholder and each person who controls the
Company, within the meaning of the Securities Act, shall have the same rights to
contribution as the Company.

     4.4 NOTIFICATION. Promptly after receipt by an indemnified party under this
Section 4 of notice of the commencement of any action, such indemnified party
will, if a claim in respect thereof is to be made against the indemnifying party
under this Section 4, notify the indemnifying party of the commencement thereof;
but the omission so to notify the indemnifying party will not relieve the
indemnifying party from any liability which it may have to any indemnified party
except to the extent of actual prejudice demonstrated by the indemnifying party.
In case any such action is brought against any indemnified

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party, and it notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate in, and, to the extent that
it may wish, jointly with any other indemnifying party similarly notified,
assume the defense thereof, subject to the provisions herein stated, and after
notice from the indemnifying party to such indemnified party of its election so
to assume the defense thereof, the indemnifying party will not be liable to such
indemnified party under this Section 4 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense
thereof other than reasonable costs of investigation, unless the indemnifying
party shall not pursue the action to its final conclusion. The indemnified party
shall have the right to employ separate counsel in any such action and to
participate in the defense thereof, but the fees and expenses of such counsel
shall not be at the expense of the indemnifying party (nor shall such party
control the defense thereof) if the indemnifying party has assumed the defense
of the action with counsel reasonably satisfactory to the indemnified party;
PROVIDED, HOWEVER, that the fees and expenses of counsel to the indemnified
party shall be at the expense of the indemnifying party if (i) the employment of
such counsel has been specifically authorized in writing by the indemnifying
party, or (ii) the named parties to any such action (including any impleaded
parties) include both the Distributing Shareholder and USA and the indemnified
party shall have been advised by such counsel in writing that there may be one
or more legal defenses available to the indemnifying party in conflict with any
legal defenses which may be available to the indemnified party (in which case
the indemnifying party shall not have the right to assume the defense of such
action on behalf of the indemnified party, it being understood, however, that
the indemnifying party shall, in connection with any one such action or separate
but substantially similar or related actions in the same jurisdiction arising
out of the same general allegations or circumstances, be liable only for the
reasonable fees and expenses of one separate firm of attorneys for the
indemnified party, which firm shall be designated in writing by the indemnified
party and be approved by the indemnifying party). No settlement of any action
against an indemnified party shall be made without the prior written consent of
the indemnified party, which consent shall not be unreasonably withheld,
PROVIDED, FURTHER, that a settlement which does not include an admission of
liability by the indemnified party nor the payment of any monetary or other
damages by such party shall not require such consent.

     4.5 INDEMNIFICATION EXPENSES. All fees and expenses of the indemnified
party (including reasonable costs of defense and investigation in a manner not
inconsistent with this Section and all reasonable attorneys' fees and expenses)
shall be promptly paid to the indemnified party, as incurred, within ten (10)
business days of written notice thereof (accompanied by customary documentation
detailing such expenses) to the indemnifying party; PROVIDED, HOWEVER, that the
indemnifying party may require such indemnified party to undertake to reimburse
all such fees and expenses to the extent it is finally judicially determined
that such indemnified party is not entitled to indemnification hereunder.

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5. REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER. The Shareholder hereby
represents and warrants to USA as follows:

     5.1 DUE ORGANIZATION. If the Shareholder is a corporation, the Shareholder
is a corporation duly organized, is validly existing and is in good standing
under the laws of its jurisdiction of formation. If the Shareholder is a
partnership or limited liability company, the shareholder is duly organized,
validly existing and in good standing under the laws of the jurisdiction where
it is organized. If the Shareholder is an individual, the Shareholder has the
legal capacity to enter into this Agreement.

     5.2 POWER; DUE AUTHORIZATION; BINDING AGREEMENT. The Shareholder has full
legal capacity, power and authority to execute and deliver this Agreement, to
perform its obligations hereunder and to consummate the transactions
contemplated hereby. This Agreement has been duly and validly executed and
delivered by the Shareholder and constitutes a valid and binding agreement of
the Shareholder, enforceable against the Shareholder in accordance with its
terms, subject to applicable bankruptcy, reorganization, insolvency, moratorium
or other similar laws affecting or relating to the enforcement of creditors
rights generally and to general principles of equity.

     5.3 NO CONFLICTS. The execution and delivery of this Agreement by the
Shareholder does not, and the performance of the terms of this Agreement by the
Shareholder will not, (a) require the Shareholder or any of its affiliates to
obtain the consent or approval of, or make any filing with or notification to,
any governmental or regulatory authority, domestic or foreign, (b) require the
consent or approval of any other person pursuant to any material agreement,
obligation or instrument binding on the Shareholder or its properties and
assets, (c) conflict with or violate any organizational document or law, rule,
regulation, order, judgment or decree applicable to the Shareholder or pursuant
to which any of its or its affiliates' respective properties or assets are bound
or (d) violate any other agreement to which the Shareholder or any of its
affiliates is a party including, without limitation, any voting agreement,
stockholders agreement, irrevocable proxy or voting trust, except for any
consent, approval, filing or notification which has been obtained as of the date
hereof or the failure of which to obtain, make or give would not, or any
conflict or violation which would not, prevent, delay or materially adversely
effect the consummation of the transactions contemplated by this Agreement.

6. REPRESENTATIONS AND WARRANTIES OF USA.

     6.1 REPRESENTATIONS AND WARRANTIES. USA hereby represents and warrants to
the Shareholder as follows: USA is a corporation duly organized, validly
existing and in good standing under the laws of the state of Delaware. USA has
full corporate power and authority to execute and deliver this Agreement, to
perform its obligations hereunder and to consummate the transactions
contemplated hereby. The execution and delivery of this Agreement and the
consummation by USA of the transactions contemplated hereby have

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been duly and validly authorized by all necessary corporate action on the part
of USA, and no other proceedings on the part of USA are necessary to authorize
this Agreement or to consummate the transactions contemplated hereby. This
Agreement has been duly and validly executed and delivered by USA and
constitutes a valid and binding agreement of USA, subject to applicable
bankruptcy, reorganization, insolvency, moratorium or other similar laws
affecting or relating to the enforcement of creditors rights generally and to
general principles of equity.

     6.2 NO CONFLICTS. The execution and delivery of this Agreement by USA does
not, and the performance of the terms of this Agreement by USA will not, (a)
require USA or any of its affiliates to obtain the consent or approval of, or
make any filing with or notification to, any governmental or regulatory
authority, domestic or foreign (other than the requirements under the Securities
Act and state securities laws with respect to the Registration Statement and the
sale of the Registrable Securities thereunder), (b) require the consent or
approval of any other person pursuant to any material agreement, obligation or
instrument binding on the USA or its properties and assets, (c) conflict with or
violate any organizational document or law, rule, regulation, order, judgment or
decree applicable to USA or pursuant to which any of its or its affiliates'
respective properties or assets are bound or (d) violate any other agreement to
which USA or any of its affiliates is a party including, without limitation, any
registration rights agreement, except in each case for any consent, approval,
filing or notification which has been obtained as of the date hereof or the
failure of which to obtain, make or give would not, or any conflict or violation
which would not, have a material adverse affect on the Company or prevent,
materially delay or materially adversely affect the consummation of the
transactions contemplated by this Agreement.

7. MISCELLANEOUS.

     7.1 FURTHER ASSURANCES. From time to time, at the request of USA or the
Shareholder and without further consideration, the Shareholder or USA,
respectively, shall execute and deliver such additional documents and take all
such further action as may be necessary or desirable to consummate and make
effective the transactions contemplated by this Agreement.

     7.2 SURVIVAL. The representations and warranties made herein shall not
survive the termination of this Agreement. Sections 4.1, 4.2, 4.3, 4.4, 4.5 and
7.2 of this Agreement shall survive any termination of this Agreement.

     7.3 ENTIRE AGREEMENT; NO THIRD PARTY BENEFICIARIES; ASSIGNMENT. This
Agreement, together with the Acquisition Agreement, constitutes the entire
agreement among the parties with respect to the subject matter hereof and
supersedes all other prior agreements and understandings, both written and oral,
among the parties with respect to the subject matter hereof. Except as set forth
in the preceding sentence, nothing in this Agreement, express or implied, is
intended to or shall confer upon any other person any

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right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement. This Agreement shall not be assigned or transferred, whether by
merger, consolidation, asset disposition, operation of law or otherwise, and
shall be binding upon and inure solely to the benefit of each party hereto.

     7.4 AMENDMENTS. This Agreement may not be modified, amended, altered or
supplemented, except upon the execution and delivery of a written agreement
executed by each of the parties hereto. Notwithstanding the foregoing, an
Affiliate of a Shareholder that acquires any of the Registrable Securities
pursuant to the terms and conditions of this Agreement shall be entitled to the
benefits and burdens of this Agreement as though such Affiliate were a signatory
hereto.

     7.5 NOTICES. All notices, requests and other communications to any party
under this Agreement shall be in writing (including a facsimile or similar
writing) and shall be given to a party hereto at the address or facsimile number
set forth for such party on the signature page hereof or as such party shall at
any time otherwise specify by notice to each of the other parties to such
agreement or instrument. Each such notice, request or other communication shall
be effective (i) if given by facsimile, at the time such facsimile is
transmitted and the appropriate confirmation is received (or, if such time is
not during a business day, at the beginning of the next such business day), (ii)
if given by mail, five business days (or, if to an address outside the United
States, ten calendar days) after such communication is deposited in the United
States mails with first-class postage prepaid, addressed as aforesaid, or (iii)
if given by any other means, when delivered at the address specified pursuant
hereto. Further, all such documents to be delivered to USA shall be copied to:

         Wachtell, Lipton, Rosen & Katz
         51 West 52nd Street
         New York, New York  10019
         Attention: Pamela S. Seymon
         Facsimile: (212) 403-2000

     7.6 GOVERNING LAW.

         (a) This Agreement shall be governed by and construed in accordance
     with the laws of the State of Delaware, regardless of the laws that might
     otherwise govern under applicable principles of conflicts of laws thereof.

         (b) Each party hereto irrevocably submits to the jurisdiction of any
     Delaware state court or any federal court sitting in the State of Delaware
     in any action arising out of or relating to this Agreement, and hereby
     irrevocably agrees that all claims in respect of such action may be heard
     and determined in such Delaware state or federal court. Each party hereto
     hereby irrevocably waives, to the fullest extent it may effectively do so,
     the defense of an inconvenient forum to

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     the maintenance of such action or proceeding. The parties hereto further
     agree, to the extent permitted by law, that final and unappealable judgment
     against any of them in any action or proceeding contemplated above shall be
     conclusive and may be enforced in any other jurisdiction within or outside
     the United States by suit on the judgment, a certified copy of which shall
     be conclusive evidence of the fact and amount of such judgment.

         (c) To the extent that any party hereto has or hereafter may acquire
     any immunity from jurisdiction of any court or from any legal process
     (whether through service or notice, attachment prior to judgment,
     attachment in aid of execution, execution or otherwise) with respect to
     itself or its property, each party hereto hereby irrevocably waives such
     immunity in respect of its obligations with respect to this Agreement.

         (d) Each party hereto waives, to the fullest extent permitted by
     applicable laws, any right it may have to a trial by jury in respect of any
     action, suit or proceeding arising out of or relating to this Agreement.
     Each party hereto certifies that it has been induced to enter into this
     Agreement by, among other things, the mutual waivers and certifications set
     forth above in this Section.

     7.7 REMEDIES. The Shareholder and USA recognize and acknowledge that a
breach by it of any covenants or agreements contained in this Agreement will
cause the other party to sustain irreparable injury and damages, for which money
damages would not provide an adequate remedy, and therefore the Shareholder and
USA agrees that in the event of any such breach by another party hereto, the
Shareholder or USA, as the case may be, shall be entitled to the remedy of
specific performance of such covenants and agreements and injunctive and other
equitable relief.

     7.8 COUNTERPARTS. This Agreement may be executed by facsimile and in two or
more counterparts, each of which shall be deemed to be an original, but all of
which together shall constitute one and the same Agreement.

     7.9 DESCRIPTIVE HEADINGS. The descriptive headings used herein are inserted
for convenience of reference only and are not intended to be part of or to
affect the meaning or interpretation of this Agreement.

     7.10 SEVERABILITY. Whenever possible, each provision or portion of any
provision of this Agreement will be interpreted in such manner as to be
effective and valid under applicable law but if any provision or portion of any
provision of this Agreement is held to be invalid, illegal or unenforceable in
any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability will not affect any other provision
or portion of any provision in such jurisdiction, and this Agreement will be
reformed, construed and enforced in such jurisdiction as if such

                                      -12-
<Page>

invalid, illegal or unenforceable provision or portion of any provision had
never been contained herein.

     7.11 TERMINATION. This Agreement shall terminate if the Transaction is not
completed on or before May 7, 2002, unless extended by the parties hereto.

                     [REMAINDER OF PAGE INTENTIONALLY BLANK]

                                      -13-
<Page>

                 SIGNATURE PAGE - REGISTRATION RIGHTS AGREEMENT

         IN WITNESS WHEREOF, the parties hereto have caused this Registration
Rights Agreement to be duly executed and delivered as of the day and year first
above written.

                               USA NETWORKS, INC.

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

                               Address for Notices:

                               USA NETWORKS, INC.
                               152 West 57th Street
                               New York, New York 10019
                               Attn:
                               Fax:

NAME OF SHAREHOLDER:              ADDRESS FOR NOTICES (Please Print):

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

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

SIGNATURE:                        ---------------------------------------------
                                  Attention:
                                            -----------------------------------
                                  Telecopy:
                                           ------------------------------------
By:                               E-mail (Section 1.1):
   ----------------------------
   Name:
   Title:

Exact Name to appear on Stock Certificate:
                                           -------------------------------------

Number of  Registrable Shares:
                              ------------------------------

<Page>

                    [SHAREHOLDER SIGNATURE PAGES - CONTINUED]

The Shareholder hereby provides the following additional information:

         (a) Excluding the shares of Common Stock purchased in the Transaction,
set forth below is the number of shares of Common Stock and options rights or
warrants of USA Networks, Inc. (the "Company") ("Options" and together with the
Common Stock, "Securities") which the Shareholder BENEFICIALLY OWNS or of which
the Shareholder is the record owner on the date hereof. Please refer to the
definition of BENEFICIAL OWNERSHIP on EXHIBIT A attached hereto. If none, please
so state.

Number of Shares: _________________ (excluding the shares purchased in the
Transaction)

Number of Options:__________________

Please indicate by an asterisk (*) above if the Shareholder disclaims
"BENEFICIAL OWNERSHIP" of any of the above listed Securities, and indicate in
response to question (b) below who has beneficial ownership.

         (b) If the Shareholder disclaims "BENEFICIAL OWNERSHIP" in question
(a), please furnish the following information with respect to the person(s)
other than the Shareholder who is the beneficial owner(s) of the Securities in
question. If not applicable, please check box: / /

            Name of Beneficial Owner:____________________________________
            Relationship to the Shareholder:____________________________________
            Number of Securities Beneficially Owned:_________________________
             NAME OF SHAREHOLDER:____________________________

         (c) Are any of the Securities listed in response to question (a) the
subject of a voting agreement, contract or other arrangement whereby others have
voting control over, or any other interest in, any of the Shareholder's
Securities?

                                 /X/ Yes / / No

If the answer is "Yes", please give details:____________________________________

         (d) Please describe each position, office or other material
relationship which the Shareholder has had with the Company or any of its
affiliates, including any Subsidiary of the Company, within the past three
years. Please include a description of any loans or other indebtedness, and any
contracts or other arrangements or transactions involving a material amount,
payable by the Shareholder to the Company or any of its affiliates, including
its Subsidiaries, or by the Company or any of its affiliates, including its
Subsidiaries, to the Shareholder. "Affiliates" of the Company include its
directors and executive officers, and any other person controlling or controlled
by the Company. IF NONE, PLEASE SO STATE.

Answer:

<Page>

         (e) Please provide the name and address of other person(s), if any, to
whom any proxy statements, registration statements (including notice of
effectiveness thereof), prospectuses or similar documents and information should
be delivered by the Company on behalf of the Shareholder in the future, with
respect to the Shareholder's shares:

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

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

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

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

         (f) Please advise of special stock certificate delivery requirements
for closing, if any:

         (g) Please advise if a NASD member has placed with you the Shares being
purchased hereunder: (Name of Member:) _________________________________________

                  By:                                      Dated:
                     -----------------------------------
                     Name:

<Page>

                                    EXHIBIT A

Explanation of "BENEFICIAL OWNERSHIP"

         Securities that are subject to a power to vote or dispose are deemed
beneficially owned by the person who holds such power, directly or indirectly.
This means that the same securities may be deemed beneficially owned by more
than one person, if such power is shared. In addition, the beneficial ownership
rules provide that shares which may be acquired upon exercise of an option or
warrant, or which may be acquired upon the termination of a Seller,
discretionary account or similar arrangement, which can be effected within a
period of 60 days from the date of determination, are deemed to be
"beneficially" owned. Furthermore, shares that are subject to rights or powers
even though such rights or powers to acquire are not exercisable within the
60-day period may also be deemed to be beneficially owned if the rights or
powers were acquired "with the purpose or effect of changing or influencing the
control of the issuer or in connection with or as a participant in any
transaction having such purpose or effect."

         In determining whether securities are "beneficially owned," benefits
which are substantially equivalent to those of ownership by virtue of any
contract, understanding, relationship, agreement or other arrangement should
cause the securities to be listed as "beneficially owned."

         Thus, for example, securities held for a person's benefit in the name
of others or in the name of any estate or Seller in which such person may be
interested should also be listed. Securities held by a person's spouse, children
or other members of such person's family who are such person's dependents or who
live in such person's household should be listed as "beneficially owned" unless
such person does not enjoy benefits equivalent to those of ownership with
respect to such securities.

         If a person has a proprietary or beneficial interest in a controlled
corporation, partnership, personal holding company, Seller or estate which owns
of record or beneficially any securities, such person should state the amount of
such securities owned by such controlled corporation, partnership, personal
holding company, Seller or estate in lieu of allocating such person's
proprietary interest, and by note or otherwise, please indicate that. In any
case, the name of the controlled corporation, partnership, personal holding
company, or estate must be stated.

         In all cases the nature of the beneficial ownership should be stated.

<Page>

                                   SCHEDULE I

NAME OF SHAREHOLDEREXHIBIT 10.28

THIS WARRANT AND ANY SECURITIES ACQUIRED UPON EXERCISE OF THIS WARRANT HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), OR THE SECURITIES LAWS OF ANY STATE. NEITHER THIS WARRANT, SUCH
SECURITIES NOR ANY INTEREST THEREIN MAY BE TRANSFERRED EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE
SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND SUCH STATE SECURITIES LAWS.

                               MOTIENT CORPORATION

                   WARRANT TO PURCHASE SHARES OF COMMON STOCK
                                   ---------------------------------------------

                  This warrant (this "Warrant") certifies that, for good and
valuable consideration, Motient Corporation, a Delaware corporation (the
"Company"), grants to Evercore Investments L.L.C. or its permitted assigns (the
"Warrantholder"), the right to subscribe for and purchase from the Company, at
any time during the Exercise Period (as defined herein), 343,450 shares of
Common Stock (the "Warrant Shares"), at the exercise price per share of $3.95
(the "Exercise Price"), all subject to the terms, conditions and adjustments
herein set forth. The number of Warrant Shares is subject to adjustment as
provided in Article III.

I.                DEFINITIONS

                  1.1      Definitions.  As used  herein,  unless the context
                           -----------
otherwise  requires,  the  following terms have the following respective
meanings:

                           "Affiliate"  with respect to any Person,  shall mean
                            ---------
any other  Person that  directly or indirectly, controls, is controlled by, or
is under common control with, such Person.

                           "Automatic Exercise Price" means $20.00, subject to
                            ------------------------
adjustment as provided herein.

                           "Business  Day" means any day other than a Saturday,
                            -------------
Sunday or a day on which  national banks are authorized by law to close in the
State of New York.

                           "Closing  Price" of a share of Common  Stock  for any
                            --------------
day shall  mean the last  reported sales price, regular way, or, in the event
that no sale takes place on such day, the average of the reported closing bid
and asked prices, regular way, in either case as reported on the principal
national securities exchange on which such Common Stock is listed or admitted to
trading or, if not listed or admitted to trading on any national securities
exchange, on the Nasdaq National Market System or the Nasdaq SmallCap Market or,
if such security is not quoted on the Nasdaq National Market System or the
Nasdaq SmallCap Market, the average of the closing bid and asked prices on each
such day in the over-the-counter market as reported by Nasdaq or, if bid and
asked prices for such security on each such day shall not have been reported by
Nasdaq, the average of the bid and asked prices for such day as furnished by any
reputable investment banking firm regularly making a market in such security
selected for such purpose by the Board of Directors of the Company or a
committee thereof. If the Closing Price cannot be calculated on such date on any
of the foregoing bases, the Closing Price of such security on such date shall be
the fair market value as reasonably determined by an Independent Financial
Expert selected for such purpose by the Board of Directors of the Company or a
committee thereof.

                           "Common Stock" means the common stock, par value
                            ------------
$0.01 per share, of the Company.

                           "Exchange Act" mean the Securities Exchange Act of
                            ------------
1934, as amended from time to time.

                           "Governmental   Authority"   means  any  foreign,
                            ------------------------
federal,   state,   local  or  other governmental authority or regulatory body
having jurisdiction over the Company, its Affiliates or the Warrantholder.

                           "Independent Financial Expert"  means a nationally
                            ----------------------------
recognized  investment  banking firm that does not (and whose directors,
officers, employees and Affiliates do not) have a direct or indirect financial
interest in the Company or any of its Affiliates, that has not been and at the
time it is called upon to give independent financial advice to the Company is
not (and none of whose directors, officers, employees or Affiliates is) a
promoter, director or officer of the Company or any of its Affiliates, and that
does not provide any advice or opinions to the Company or any of its Affiliates.

                           "Person"  means  any  individual, firm,  corporation,
                            ------
partnership,  limited  liability company, trust, incorporated or unincorporated
association, joint venture, joint stock company, governmental authority or other
entity of any kind, and shall include any successor (by merger or otherwise) of
such entity.

                           "Securities Act" means the Securities Act of 1933, as
                            --------------
amended from time to time.

II.               EXERCISE OF WARRANT

                  2.1 Exercise Period. On the terms and subject to the
conditions contained herein, the Warrantholder may exercise this Warrant on any
Business Day starting on May 1, 2002 and ending at 5:00 p.m., Eastern Standard
Time, on May 1, 2007 (the "Exercise Period"), for all or any part of the Warrant
Shares.

                  2.2 Exercise Procedure. To exercise this Warrant, the
Warrantholder shall deliver to the Company at its principal executive offices:
(a) payment of the aggregate Exercise Price in the manner provided in Section
2.3 (as computed by multiplying (A) the Exercise Price by (B) the number of
shares of Common Stock for which the Warrantholder is exercising this Warrant at
such time); (b) a completed and properly executed Notice of Exercise in
substantially the form attached hereto as Annex I; and (c) this Warrant. Upon
receipt of the aggregate Exercise Price and the required deliverables pursuant
to the preceding sentence, the Company shall, within three (3) Business Days
thereafter, subject to receipt of any required regulatory approvals (including
expiration of any required waiting period), deliver to the Warrantholder duly
executed certificate(s) representing the aggregate number of shares of Common
Stock issuable upon such exercise, together with cash in lieu of any fraction of
a Warrant Share as provided in Section 2.7. Such stock certificate(s) shall be
in such denominations and registered in the name(s) as the Warrantholder shall
request in the Notice of Exercise. If this Warrant shall have been exercised in
part, the Company shall deliver to the Warrantholder a new warrant evidencing
the rights of the Warrantholder to purchase the remaining Warrant Shares
issuable (which shall in all other respects be identical to this Warrant). 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 and
without any preemptive rights.

                  2.3 Payment of Exercise Price. The Exercise Price may be
payable hereunder by the delivery by certified check or by wire transfer of
immediately available funds to the account of the Company of an amount equal to
the Exercise Price.

                  2.4 Automatic Exercise. At any time on or after the Business
Day immediately following the date that the average of the Closing Prices of the
Common Stock for thirty consecutive trading days is equal to or greater than the
Automatic Exercise Price, upon written notice by the Company to the
Warrantholder, to the extent that this Warrant is not exercised previously as to
all of the Warrant Shares, this Warrant shall be deemed automatically exercised
in full on the date that such notice is received by the Warrantholder (the
"Automatic Exercise Date"), and the Warrantholder shall deliver to the Company
at its principal executive offices within two (2) Business Days of the Automatic
Exercise Date: (a) payment of the aggregate Exercise Price in the manner
provided in Section 2.3 (as computed by multiplying the Exercise Price by all of
the remaining Warrant Shares) and (b) this Warrant. Notwithstanding the
foregoing, the Company shall not be permitted to send the foregoing notice and
cause an automatic conversion of this Warrant unless and until the Warrant
Shares have been registered for resale pursuant to an effective registration
statement under the Securities Act.

                  2.5 Restrictions. The Company shall not be required to issue
any shares of Common Stock under this Warrant if the issuance of such shares
would constitute a violation by the Company of any provision of any law, rule or
regulation of (i) any governmental authority, including without limitation,
compliance with the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended (the "HSR Act"), and compliance with registration or qualification
requirements of applicable federal and state securities laws or (ii) any
applicable self governing organization or stock exchange, including without
limitation, the rules, regulations or listing requirements of any such
organization or stock exchange. If at any time the Company shall determine,
based upon the advice of counsel, that the registration, qualification or
listing of any shares subject to this Warrant under any applicable state or
federal law or other applicable rules or regulations (including those of any
applicable stock exchange), or any filing or expiration of any waiting period
under the HSR Act, is necessary as a condition of, or in connection with, the
issuance of shares, the Company shall not be required to issue any shares of
Common Stock under this Warrant unless and until the Company has received
evidence reasonably satisfactory to it that such laws, rules or regulations have
been complied with and/or such filing has been made and the applicable waiting
period has expired under the HSR Act.

                  2.6 Payment of Taxes. The Company shall pay all stamp taxes
and other similar charges with respect to the issue or delivery of Common Stock
hereunder. The Company shall not be required to pay any transfer tax or other
similar charge imposed in connection with the issue of any stock certificate in
any name other than that of the Warrantholder, 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 reasonable
satisfaction of the Company that no such tax or other charge is due.

                  2.7 Fractional Shares. The Company shall not be required to
issue any fractional shares of Common Stock upon exercise of this Warrant. In
lieu of any fractional share to which the Warrantholder would otherwise be
entitled upon exercise of this Warrant, the Company shall make a cash payment in
an amount equal to the product of (a) the Closing Price per share of Common
Stock on the date of exercise multiplied by (b) the fraction of a share.

III.              ADJUSTMENTS

                  3.1 Subdivision or Combination of Common Stock. If the Company
at any time subdivides (by any stock split, stock dividend, recapitalization or
otherwise) its outstanding shares of Common Stock into a greater number of
shares, then as of the record date for effecting such subdivision the number of
shares issuable upon exercise of this Warrant will be proportionately increased
and the Exercise Price and the Automatic Exercise Price in effect immediately
prior to such subdivision shall be proportionately decreased. If the Company at
any time combines (by reverse stock split, recapitalization or otherwise) its
outstanding shares of Common Stock into a smaller number of shares, then as of
the record date for effecting such combination the number of shares issuable
upon exercise of this Warrant will be proportionately decreased and the Exercise
Price and the Automatic Exercise Price in effect immediately prior to such
combination shall be proportionately increased.

                  3.2 Consolidation, Merger, etc. In case of any consolidation
or merger of the Company with or into any other corporation, entity or person,
or (a) any other corporate reorganization, in which the Company shall not be the
continuing or surviving entity of such consolidation, merger or reorganization
or in connection with which the Common Stock (or other securities issuable upon
exercise of this Warrant) shall be changed into or exchanged for stock of any
other entity or cash or other property, (b) any transaction in which in excess
of 50% of the Company's voting power is transferred to a person not a
stockholder immediately prior to the consummation of such transaction, (c) any
sale of all or substantially all of the assets of the Company or (d) a capital
reorganization or reclassification of the Common Stock (or other securities
issuable upon exercise of this Warrant) that does not result in an adjustment
pursuant to Section 3.1 (any such transaction being hereinafter referred to as a
"Reorganization"), then, in each case, the Warrantholder, on exercise hereof at
any time after the consummation or effective date of such Reorganization, shall
receive, in lieu of the Warrant Shares issuable on such exercise prior to the
date of such Reorganization, the stock, other securities, cash or other property
to which such holder would have been entitled upon the date of such
Reorganization if such holder had exercised this Warrant immediately prior
thereto.

                  3.3 Notice of Adjustment. Whenever an event necessitating an
adjustment to this Warrant pursuant to this Article III occurs, the Company
shall promptly deliver written notice thereof, by first class mail, postage
prepaid, addressed to the Warrantholder in accordance with Section 7.5, which
notice shall state the increase or decrease in the number or other denominations
of securities purchasable and exercise price payable upon the exercise of this
Warrant setting forth in reasonable detail the method of calculation and the
facts upon which such calculation is based.

IV.               RESTRICTIONS ON TRANSFER

                  4.1 Restrictions on Transfer. The Warrantholder, by its
acceptance of this Warrant, agrees to be bound by the provisions of this Article
IV and acknowledges and confirms that this Warrant and any Warrant Shares issued
upon exercise of this Warrant have not been registered under the Securities Act
or any applicable state securities laws, and may not be sold or transferred
except in compliance with and subject to the Securities Act and such state
securities laws. Unless and until this Warrant and such Warrant Shares have been
registered under the Securities Act and such state securities laws, the Company
may require, as a condition to effecting any sale or transfer of this Warrant or
such Warrant Shares on the books of the Company, an opinion of counsel
reasonably satisfactory to the Company to the effect that an exemption from
registration under the Securities Act and such state securities laws is
available for the proposed transfer or assignment or a certification reasonably
satisfactory to the counsel of the Company in its professional determination
from the transferee that it is an "accredited investor" as defined under the
Securities Act and regulations promulgated thereunder. Any purported sale or
transfer of this Warrant and/or such Warrant Shares shall be null and void
unless made in compliance with the conditions set forth in this Article IV.
Except as provided in Section 4.2, (a) this Warrant and any warrant of the
Company issued in exchange or replacement for this Warrant shall be stamped or
otherwise imprinted with a legend in substantially the form set forth on the
cover of this Warrant, (b) each stock certificate for Warrant Shares issued upon
the exercise of this Warrant and each stock certificate issued upon the transfer
of any such Warrant Shares shall be stamped or otherwise imprinted with a legend
substantially to the same effect.

                  4.2 Termination of Restrictions. The restrictions imposed by
Section 4.1 upon the transferability of this Warrant and the Warrant Shares
shall terminate: (a) when and so long as this Warrant or any such Warrant Shares
shall have been effectively registered under the Securities Act and transferred
in compliance therewith; or (b) when the Company shall have received an opinion
of counsel reasonably satisfactory to it that this Warrant or such Warrant
Shares may be transferred without registration thereof under the Securities Act;
provided, however, that if the Warrant or the Warrant Shares have been held
(both legally and beneficially) by the Warrantholder for at least one (1) year
and is proposed to be sold in compliance with Rule 144 under the Securities Act,
no such opinion of counsel shall be required. Whenever the legend requirements
imposed by Section 4.1 shall terminate as to this Warrant or the Warrant Shares,
the holder of this Warrant or any Warrant Shares shall be entitled to receive
from the Company, at the Company's expense, a new warrant or a new stock
certificate representing the Warrant Shares, as the case may be, not bearing the
restrictive legend described in Section 4.1.

                  4.3 Compliance with Securities Laws. The Warrantholder, by
acceptance hereof, represents to the Company that this Warrant and any Warrant
Shares purchased upon exercise of this Warrant are being acquired solely for the
Warrantholder's own account and not as a nominee for any other party, and for
investment, and that the Warrantholder will not offer, sell or otherwise dispose
of this Warrant or any such Warrant Shares except under circumstances that will
not result in a violation of the Securities Act or any applicable state
securities laws.

                  4.4 Transfer Procedure. Subject to compliance with the other
provisions of this Article IV, transfer of this Warrant, in whole or in part,
shall occur upon surrender of this Warrant at the principal executive offices of
the Company, together with a duly executed written assignment of this Warrant
and funds sufficient to pay any transfer taxes payable upon the making of such
transfer and, if required, an opinion of counsel reasonably acceptable to
counsel of the Company in its professional determination concerning the
compliance of such transfer with the Securities Act and applicable state
securities laws. Upon receipt of such items, the Company shall execute and
deliver a new warrant or warrants in the name of the assignee or assignees and
in the denomination(s) 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 cancelled.

                  4.5 Maintenance of Transfer Books. The Company agrees to
maintain, at the principal executive office of the Company, books or records for
the registration and the registration of transfer of this Warrant or any warrant
of the Company issued in exchange for this Warrant.

V.                NECESSARY ACTIONS

                  The Company will: (a) use its commercially reasonable efforts
to obtain all such authorizations, approvals, exemptions or consents from any
Governmental Authority having jurisdiction thereof as may be necessary to enable
the Company to perform its obligations under this Warrant (including, without
limitation, making all necessary filings with such Governmental Authorities);
(b) take all necessary steps (including, without limitation, making appropriate
amendments to its certificate of incorporation) to ensure that the Company has
authorized a sufficient number of authorized but unissued shares of its common
stock to provide for the issuance of the Warrant Shares; (c) reserve from such
authorized but unissued shares of common stock a sufficient number of shares to
provide for the issuance of the Warrant Shares upon the exercise of this
Warrant; and (d) take all actions as may be necessary or appropriate to ensure
that the Company may validly and legally issue fully paid and non-assessable
shares of Common Stock upon the exercise of this Warrant that are not subject to
any preemptive rights and are free from all taxes, liens, security interests,
charges, and other encumbrances with respect to the issuance thereof, other than
taxes in respect of any transfer occurring contemporaneously with such issuance.

VI.               LOSS OR MUtILATION

                  On receipt of evidence reasonably satisfactory to the Company
of the loss, theft, destruction or mutilation of this Warrant and (a) in the
case of loss, theft or destruction, on delivery of an indemnity agreement
reasonably satisfactory in form and substance to the Company; or (b) in the case
of mutilation, on surrender and cancellation of this Warrant, the Company shall
execute and deliver, in lieu of this Warrant, a new warrant of like tenor and
amount.

VII.              MISCELLANEOUS

                  7.1  Entire  Agreement.   This Warrant  constitutes the
                       -----------------
entire  agreement  between the Company and the Warrantholder with respect to the
Warrant.

                  7.2 Nonwaiver. No course of dealing or any delay or failure to
                      ---------
exercise any right hereunder on the part of the Warrantholder shall operate as a
waiver of such right or otherwise prejudice the Warrantholder's rights, powers
or remedies.

                  7.3 Binding Effect; No Third-Party Beneficiaries. This Warrant
                      --------------------------------------------
shall inure to the benefit of and shall be binding upon the Company and the
Warrantholder and their respective successors and permitted assigns. Nothing in
this Warrant, expressed or implied, is intended to or shall confer on any person
other than the Company and the Warrantholder, or their respective successors or
permitted assigns, any rights, remedies, obligations or liabilities under or by
reason of this Warrant.

                  7.4 Section and Other Headings. The section and other headings
                      --------------------------
contained in this Warrant are for reference purposes only and shall not be
deemed to be a part of this Warrant or to affect the meaning or interpretation
of this Warrant.

                  7.5 Notices. Except as otherwise expressly provided herein,
                      -------
all notices and deliveries referred to in this Warrant shall be in writing
(including facsimile transmission or similar writing) and shall be given to such
party at its address or facsimile number set forth on the signature pages
hereof. Each such notice, request or other communication shall be deemed
received by the other party (i) if given by facsimile transmission, when
transmitted to the facsimile number specified in this Section and confirmation
of receipt is received, (ii) if given by mail, 72 hours after such communication
is deposited in the mails with first class postage prepaid, addressed as
aforesaid or (iii) if given by any other means, when delivered at the address
specified in this Section.

                  7.6 Severability. Whenever possible, each provision of this
                      ------------
Warrant will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Warrant is held by a court of
competent jurisdiction to be invalid, illegal or unenforceable in any respect
under any applicable law or rule in any jurisdiction, such invalidity,
illegality or unenforceability will not affect any other provision of this
Warrant or the validity, legality or enforceability of this Warrant in any other
jurisdiction. In such event, this Warrant will be reformed, construed and
enforced in such jurisdiction as if such invalid, illegal or unenforceable
provision had never been contained herein.

                  7.7 Governing Law. ALL QUESTIONS CONCERNING THE CONSTRUCTION,
                      -------------
VALIDITY AND INTERPRETATION OF THIS WARRANT AND THE ISSUANCE OF SECURITIES
HEREUNDER WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS
OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT
OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF DELAWARE OR ANY OTHER
JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION
OTHER THAN THE STATE OF DELAWARE.

                  7.8 Rights or Liabilities as Stockholder. The Warrantholder
                      ------------------------------------
shall be deemed to have become a holder of record of the shares of Common Stock
issuable under Section 2.2 as of the date on which all required deliverables
pursuant to Section 2.2 have been received by the Company. Until such time the
Warrantholder shall not have any voting rights or other rights or liabilities of
a stockholder of the Company with respect to the Common Stock issuable
hereunder.

                  7.9      Amendment.  No amendment or waiver of any  provision
                           ---------
of this Warrant  shall be effective without the prior written consent of the
Company and the Warrantholder.

                            [SIGNATURE PAGE FOLLOWS]

<PAGE>

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

                                         MOTIENT CORPORATION

                                         By:      _________________________
                                         Name:    _________________________
                                         Title:   _________________________

                                         Warrant holder Information:

                                         Evercore Investments L.L.C.
                                         65 East 55th Street
                                         New York, NY  10022
                                         Attention:  John Fitzsimons
                                         Facsimile:  (212) 857-3193

Dated:  May 1, 2002

<PAGE>

                                     Annex I

                               NOTICE OF EXERCISE

                                  (To be executed upon exercise of this Warrant)

                  The undersigned hereby irrevocably elects to exercise the
right represented by this Warrant to purchase _________ shares of Common Stock,
and herewith tenders to the Company as payment for such shares the amount of
$__________ in accordance with the terms of this Warrant. The undersigned
requests that a certificate for such shares be registered in the name of each of
the following:

                            Name: __________________

                           Address: _________________
                                                     ==================

and that each certificate be delivered to the above at the address indicated.

                  The undersigned represents that it is an "accredited investor"
(as defined in applicable rules and regulations under the Securities Act of
1933, as amended), and that it is acquiring such shares of Common Stock for its
own account for investment and not with a view to or for sale in connection with
any distribution thereof.

Dated:  __________________________

                              Signature ___________________________

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

                                        ---------------------------
                                                (Street Address)

                                        ---------------------------
                                         (City)  (State) (Zip Code)

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