Document:

EXHIBIT 10.43
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      The securities represented by this certificate have not been
registered under the Securities Act of 1933, as amended, or registered or
qualified under any state securities laws.  The securities may not be sold,
transferred, pledged or hypothecated unless such sale, transfer, pledge or
hypothecation is in accordance with such Act and applicable state
securities laws.

                                  Warrant No.

                        No. of Shares of Common Stock:

                                    WARRANT

                          TO PURCHASE COMMON STOCK OF

                                 ENTRADE INC.
                          A PENNSYLVANIA CORPORATION

            THIS WARRANT IS TO CERTIFY THAT ____________ ("Purchaser"), is
entitled to purchase from Entrade Inc., a Pennsylvania corporation (the
"Company"), _____ shares of Common Stock at an exercise price of $16.21 per
share of Common Stock, all on the terms and conditions hereinafter
provided.

            SECTION 1.  CERTAIN DEFINITIONS.  As used in this Warrant,
unless the context otherwise requires:

            "Charter" shall mean the Articles of Incorporation of the
Company, as in effect from time to time.

            "Common Stock" shall mean the Company's authorized Common
Stock, no par value.

            "Exercise Price" shall mean the exercise price per share of
Common Stock set forth above, as adjusted from time to time pursuant to
Section 3 hereof.

            "Fair Market Value" shall be determined as follows:

            (1)   If traded on a securities exchange or through the Nasdaq
National Market, the value shall be deemed to be the closing price of the
securities on such exchange or system on the last trading date prior to the
date the Warrant is exercised;

            (2)   If actively traded over-the-counter, the value shall be
deemed to be the average of the closing bid or sale prices (whichever is
applicable) on the last trading date prior to the date the Warrant is
exercised; and

            (3)   If there is no active public market, the value shall be
the fair market value thereof, as determined in good faith by the Company's
Board of Directors.

            "Securities Act" shall mean the Securities Act of 1933, as
amended.

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

<PAGE>

            "Warrantholder" shall mean the Purchaser, as the initial holder
of this Warrant, and its nominees, successors or assigns, including any
subsequent holder of this Warrant to whom it has been legally transferred.

            "Warrant Stock" shall mean the shares of Common Stock
purchasable by the holder of this Warrant upon the exercise of such
Warrant.

            SECTION 2.  EXERCISE OF WARRANT.

            (a)  After May 15, 2000 but prior to May 15, 2005 ("the
Expiration Date"), the Purchaser may at any time and from time to time
exercise this Warrant, in whole or in part.

            (b)(i)  The Warrantholder shall exercise this Warrant by means
of delivering to the Company at its office identified in Section 12 hereof
(i) a written notice of exercise, including the number of shares of Warrant
Stock to be delivered pursuant to such exercise, (ii) this Warrant and
(iii) payment equal to the Exercise Price in accordance with Section
2(b)(ii) hereof.  In the event that any exercise shall not be for all
shares of Warrant Stock purchasable hereunder, a new Warrant registered in
the name of the Warrantholder, of like tenor to this Warrant and for the
remaining shares of Warrant Stock purchasable hereunder, shall be delivered
to the Warrantholder within ten (10) calendar days of any such exercise.
Such notice of exercise shall be in the Subscription Form set out at the
end of this Warrant.

            (ii) The Warrantholder may elect to pay the Exercise Price to
the Company either (1) by cash, certified check or wire transfer, (2) by
converting the Warrant into Common Stock ("Warrant Conversion") or (3) any
combination of the foregoing, and specifying such election(s) in the
Subscription Form.  If the Warrantholder elects to pay the Exercise Price
through Warrant Conversion, the Company shall deliver to the Warrantholder
(without payment by the Warrantholder of any cash or other consideration)
that number of shares of Common Stock equal to the difference of (I) the
total number of shares of Warrant Stock into which this Warrant is
exercisable minus (II) that number of Shares of Warrant Stock having an
aggregate "Spread" (as defined herein) equal to the aggregate Exercise
Price.  For purposes of this Section 2, "Spread" per share of Warrant Stock
shall be the difference, as of the date of exercise, between the Exercise
Price and the Fair Market Value of the Warrant Stock.

            (c)  Upon exercise of this Warrant and delivery of the
Subscription Form with proper payment relating thereto, the Company shall
cause to be executed and delivered to the Warrantholder a certificate or
certificates representing the aggregate number of fully-paid and
nonassessable shares of Common Stock issuable upon such exercise.

            (d)  The stock certificate or certificates for Warrant Stock to
be delivered in accordance with this Section 2 shall be in such
denominations as may be specified in said notice of exercise and shall be
registered in the name of the Warrantholder or such other name or names as
shall be designated in said notice.  Such certificate or certificates shall
be deemed to have been issued and the Warrantholder or any other person so
designated to be named therein shall be deemed to have become the holder of
record of such shares, including to the extent permitted by law the right
to vote such shares or to consent or to receive notice as stockholders, as
of the time said notice is delivered to the Company as aforesaid.

            (e)  The Company shall pay all expenses payable in connection
with the preparation, issue and delivery of stock certificates under this
Section 2, including any transfer taxes resulting from the exercise of the
Warrant and the issuance of Warrant Stock hereunder.

<PAGE>

            (f)  All shares of Common Stock issuable upon the exercise of
this Warrant in accordance with the terms hereof shall be validly issued,
fully paid and nonassessable, and free from all liens and other
encumbrances thereon, other than liens or other encumbrances created by the
Warrantholder.

            (g)  In no event shall any fractional share of Common Stock of
the Company be issued upon any exercise of this Warrant.  If, upon any
exercise of this Warrant, the Warrantholder would, except as provided in
this paragraph, be entitled to receive a fractional share of Common Stock,
then the Company shall deliver in cash to such holder an amount equal to
such fractional interest.

            SECTION 3.  ADJUSTMENT OF EXERCISE PRICE AND WARRANT STOCK.

            (a)  If, at any time prior to the Expiration Date, the number
of outstanding shares of Common Stock is (i) increased by a stock dividend
payable in shares of Common Stock or by a subdivision or split-up of shares
of Common Stock, or (ii) decreased by a combination of shares of Common
Stock, then, following the record date fixed for the determination of
holders of Common Stock entitled to receive the benefits of such stock
dividend, subdivision, split-up, or combination, the Exercise Price shall
be adjusted to a new amount equal to the product of (I) the Exercise Price
in effect on such record date and (II) the quotient obtained by dividing
(x) the number of shares of Common Stock outstanding on such record date
(without giving effect to the event referred to in the foregoing clause (i)
or (ii)), by (y) the number of shares of Common Stock which would be
outstanding immediately after the event referred to in the foregoing clause
(i) or (ii), if such event had occurred immediately following such record
date.

            (b)  Upon each adjustment of the Exercise Price as provided in
Section 3(a), the Warrantholder shall thereafter be entitled to subscribe
for and purchase, at the Exercise Price resulting from such adjustment, the
number of shares of Warrant Stock equal to the product of (i) the number of
shares of Warrant Stock existing prior to such adjustment  and (ii) the
quotient obtained by dividing (I) the Exercise Price existing prior to such
adjustment by (II) the new Exercise Price resulting from such adjustment.

            SECTION 4.  RECLASSIFICATION, ETC.  In case of any
reclassification or change of the outstanding Common Stock of the Company
(other than as a result of a subdivision, combination or stock dividend),
or in case of any consolidation of the Company with, or merger of the
Company into, another corporation or other business organization (other
than a consolidation or merger in which the Company is the continuing
corporation and which does not result in any reclassification or change of
the outstanding Common Stock of the Company) at any time prior to the
Expiration Date, then, as a condition of such reclassification,
reorganization, change, consolidation or merger, lawful provision shall be
made, and duly executed documents evidencing the same from the Company or
its successor shall be delivered to the Warrantholder, so that the
Warrantholder shall have the right prior to the Expiration Date to
purchase, at a total price not to exceed that payable upon the exercise of
this Warrant, the kind and amount of shares of stock and other securities
and property receivable upon such reclassification, reorganization, change,
consolidation or merger by a holder of the number of shares of Common Stock
of the Company which might have been purchased by the Warrantholder
immediately prior to such reclassification, reorganization, change,
consolidation or merger, in any such case appropriate provisions shall be
made with respect to the rights and interest of the Warrantholder to the
end that the provisions hereof (including provisions for the adjustment of
the Exercise Price and of the number of shares purchasable upon exercise of
this Warrant) shall thereafter be applicable in relation to any shares of
stock and other securities and property thereafter deliverable upon
exercise hereof.

<PAGE>

            SECTION 5.  RESERVATION AND AUTHORIZATION OF CAPITAL STOCK.
The Company shall at all times reserve and keep available for issuance such
number of its authorized but unissued shares of Common Stock as will be
sufficient to permit the exercise in full of all outstanding Warrants.

            SECTION 6.  STOCK AND WARRANT BOOKS.  The Company will not at
any time, except upon dissolution, liquidation or winding up, close its
stock books or Warrant books so as to result in preventing or delaying the
exercise of any Warrant.

            SECTION 7.  LIMITATION OF LIABILITY.  No provisions hereof, in
the absence of affirmative action by the Warrantholder to purchase Warrant
Stock hereunder, shall give rise to any liability of the Warrantholder to
pay the Exercise Price or as a stockholder of the Company (whether such
liability is asserted by the Company or creditors of the Company).

            SECTION 8.  TRANSFER.  Subject to compliance with the
Securities Act and the applicable rules and regulations promulgated
thereunder, this Warrant and all rights hereunder shall be transferable in
whole or in part.  Any such transfer shall be made at the office or agency
of the Company at which this Warrant is exercisable, by the registered
holder hereof in person or by its duly authorized attorney, upon surrender
of this Warrant together with the assignment hereof properly endorsed, and
promptly thereafter a new warrant shall be issued and delivered by the
Company, registered in the name of the assignee.  Until registration of
transfer hereof on the books of the Company, the Company may treat the
Purchaser as the owner hereof for all purposes.

            SECTION 9.  INVESTMENT REPRESENTATIONS; RESTRICTIONS ON
TRANSFER OF WARRANT  STOCK.  Unless a current registration statement under
the Securities Act shall be in effect with respect to the Warrant Stock to
be issued upon exercise of this Warrant, the Warrantholder, by accepting
this Warrant, covenants and agrees that, at the time of exercise hereof,
and at the time of any proposed transfer of Warrant Stock acquired upon
exercise hereof, such Warrantholder will deliver to the Company a written
statement that the securities acquired by the Warrantholder upon exercise
hereof are for the account of the Warrantholder or are being held by the
Warrantholder as trustee, investment manager, investment advisor or as any
other fiduciary for the account of the beneficial owner or owners for
investment and are not acquired with a view to, or for sale in connection
with, any distribution thereof (or any portion thereof) and with no present
intention (at any such time) of offering and distributing such securities
(or any portion thereof).

            SECTION 10.  LOSS, DESTRUCTION OF WARRANT CERTIFICATES.  Upon
receipt of evidence satisfactory to the Company of the loss, theft,
destruction or mutilation of any warrant and, in the case of any such loss,
theft or destruction, upon receipt of indemnity and/or security
satisfactory to the Company or, in the case of any such mutilation, upon
surrender and cancellation of such Warrant, the Company will make and
deliver, in lieu of such lost, stolen, destroyed or mutilated Warrant, a
new Warrant of like tenor and representing the right to purchase the same
aggregate number of shares of Common Stock.

            SECTION 11.  AMENDMENTS.  The terms of this Warrant may be
amended, and the observance of any term herein may be waived, but only with
the written consent of the Company and the Warrantholder.

<PAGE>

            SECTION 12.  NOTICES GENERALLY.  Any notice, request, consent,
other communication or delivery pursuant to the provisions hereof shall be
in writing and shall be sent by one of the following means:  (i) by
registered or certified first class mail, postage prepaid, return receipt
requested; (ii) by facsimile transmission with confirmation of receipt;
(iii) by overnight courier service; or (iv) by personal delivery, and shall
be properly addressed to the Warrantholder at the last known address or
facsimile number appearing on the books of the Company, or, except as
herein otherwise expressly provided, to the Company at its principal
executive office at 500 Central Avenue, Northfield, Illinois 60093, Fax:
(847) 441-7652, or such other address or facsimile number as shall have
been furnished to the party giving or making such notice, demand or
delivery.

            SECTION 13.  SUCCESSORS AND ASSIGNS.  This Warrant shall bind
and inure to the benefit of and be enforceable by the parties hereto and
their respective permitted successors and assigns.

            SECTION 14.  GOVERNING LAW.  In all respects, including all
matters of construction, validity and performance, this Warrant and the
obligations arising hereunder shall be governed by, and construed and
enforced in accordance with, the internal laws of the State of Illinois,
without regard to conflicts of law principles.

<PAGE>

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

Dated:  May __, 2000           ENTRADE INC.
                               a Pennsylvania corporation

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

                                     Its:

<PAGE>

                               SUBSCRIPTION FORM

                (to be executed only upon exercise of Warrant)

To:   Entrade Inc.
      [Address]

      [Choose one or both of the paragraphs, as applicable]

      The undersigned, pursuant to the provisions set forth in the attached
Warrant (No. __ ), hereby irrevocably elects to purchase __________ shares
of 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.

      The undersigned, pursuant to the provisions set forth in the attached
Warrant (No.__), hereby irrevocably elects to exercise the right of
conversion represented by the attached Warrant for __shares of Common
Stock, and as payment therefor hereby directs Entrade Inc to
withhold __shares of Common Stock that the undersigned would otherwise be
entitled to thereunder"

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

                                     Signature
      --------------------                 ------------------------------

                                     Address:
      --------------------                 ------------------------------

      --------------------                 ------------------------------EXHIBIT 10.44
-------------

                            SUBSCRIPTION AGREEMENT
                            ----------------------

      THIS SUBSCRIPTION AGREEMENT (this "Agreement") dated as of May 16,
2000, is by and between ENTRADE INC., a Pennsylvania corporation (the
"Company"), and the undersigned subscriber (the "Subscriber").

                                   RECITALS
                                   --------

      WHEREAS, the Subscriber hereby subscribes for a certain promissory
note dated of even date herewith (the "Note") made by the Company payable
to the order of the Subscriber in the original principal amount of
___________________________ ($________) (the "Subscription Price").

                                  AGREEMENTS
                                  ----------

      NOW THEREFORE, in consideration of the foregoing and the obligations
and covenants contained herein, and for other good and valuable
consideration, the receipt, adequacy and sufficiency of which are hereby
acknowledged, the Subscriber hereby agrees as follows:

      1.    The Subscriber represents and warrants to the Company, which
representations and warranties shall survive the execution and delivery of
this Agreement, that:

            (a)   the Subscriber acknowledges that all relevant documents
pertaining to the Company have been made available to the Subscriber,
including, without limitation, any and all instruments, agreements and
documents of the Company of public record with the Securities and Exchange
Commission, and the Subscriber has had the opportunity to verify and
clarify any information concerning the Subscriber's investment in the
Company, and ask questions to and receive answers thereto from management
of the Company.

            (b)   the Subscriber understands that the Note is being offered
pursuant to exemptions from State and Federal registration and cannot be
sold or assigned by the Subscriber without registration under the
Securities Act of 1933, as amended ("Act"), and all applicable state
securities laws unless, in the opinion of counsel satisfactory to the
Company, exemptions therefrom are available.

            (c)   the Subscriber has such knowledge and experience in
financial and business matters that the Subscriber is capable of evaluating
the merits and risks of purchasing and owning the Note.

            (d)   the Note is being acquired solely by, and for the account
of, the Subscriber, for investment only and not with a view to, or in
connection with, the sale, subdivision, fractionalization or distribution
thereof.

            (e)   the Subscriber understands that no governmental authority
has made any finding or determination relating to the fairness of the
purchase of the Note, and that no governmental authority has recommended or
endorsed, or will recommend or endorse, the Note.

            (f)   the Subscriber recognizes that there will be no market
for the Note and that the Subscriber cannot expect to be able readily to
liquidate the Subscriber's investment.

<PAGE>

            (g)   the Subscriber is an accredited investor as that term is
defined in Rule 501 of Regulation D promulgated under the Act.

            (h)   the Subscriber has relied solely upon the independent
investigations made by the Subscriber or the Subscriber's advisors in
making the decision to purchase the Note. Other than with respect to the
agreements and instruments executed and delivered by the Company of even
date herewith in connection with the Note, the Subscriber acknowledges that
no other representations or agreements (whether oral or written) have been
made to the Subscriber with respect to the Subscriber's purchase of the
Note.

            (i)   the Subscriber understands that the offering of the Note
involves a high degree of risk and Subscriber is able to bear the risk of
losing his entire investment in the Company.

            (j)   concurrently with the Subscriber's signature hereto, the
Subscriber has loaned the amount of the Subscription Price to the Company
in full in immediately available funds.

            (k)   this Agreement is the legal and validly binding agreement
of the Subscriber, enforceable in accordance with its terms.

      2.     The Subscriber understands and agrees that nothing in this
Agreement shall be construed to confer any voting rights enjoyed by other
shareholders of the Company upon the Subscriber.

      3.    The Subscriber agrees to indemnify the Company, and each of its
directors, shareholders, employees, officers, attorneys, and agents, and
hold each of them harmless from and against any and all loss, liability,
claim, damage, cost and expense whatsoever (including, without limitation,
any and all investigation and litigation expenses, and attorneys fees)
arising out of or based upon any breach of Subscriber's representations and
warranties herein or in connection with the sale or distribution by the
Subscriber of the Note purchased pursuant hereto in violation of the Act or
any other applicable law.

      4.    This Agreement shall be binding upon, and inure to the benefit
of, the parties and their heirs, executors, administrators, successors,
legal representatives and assigns.

      5.    Any notice, demand, or communication shall be deemed to have
been sufficiently given or served for all purposes if delivered personally
to the party or to an executive officer of the party to whom the same is
directed or, if sent by registered or certified mail, postage prepaid,
addressed to the Subscriber as set forth in this Agreement.  Except as
otherwise provided herein, any such notice shall be deemed to be given two
(2) business days after the date on which the same was deposited in the
United States mail, addressed and sent as aforesaid.

      6.    The Subscriber hereby agrees to execute and deliver any other
documents or instruments necessary or advisable to more fully carry out the
intent of this Agreement, and to take any other acts reasonably required by
the Company in connection therewith.  This Agreement may not be amended or
modified except in writing by the Company and the Subscriber.

      7.    This Agreement may be executed in counterparts, each of which
shall be deemed an original but all of which together shall constitute one
and the same instrument.  Facsimile signatures shall be effective and
binding as if they were original signatures.  Whenever the singular number
is used in this Agreement and when required by the context, the same shall
include the plural and vice versa, and the masculine gender shall include
the feminine and neuter genders and vice versa.

      8.    This Agreement shall be governed by and construed and enforced
in accordance with the internal laws of the State of Illinois, without
regard to conflicts of law principles.

                           [Signature Page Follows]

<PAGE>

      IN WITNESS WHEREOF, the undersigned subscriber has executed this
Subscription Agreement as of the date first above written.

                               Subscriber:

                               _________________________________

                               _________________________________

                               Social Security Number:

                               _________________________________

                               _________________________________

                               _________________________________

Amount of Subscription:  $

      The Company hereby accepts the foregoing Subscription Agreement
subject to the terms and conditions thereof.  Accepted this ____ day of
May, 2000.

                               ENTRADE INC.

                               By:
                                     ------------------------------
                                     Name:
                                     Its:

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