Document:

IMPOUND OF FUNDS AGREEMENT

      This Agreement, dated ______________, 2001, by and between SONICSAVE.COM
CORP., a Massachusetts corporation (hereinafter referred to as "Issuer") and
CITIZEN BANK (hereinafter referred to as the "Depository"). The Depository is
located at 28 State Street, Boston, MA 02109. The issuer warrants that it has
applied for authority from the Administrators of Securities of the States listed
on Schedule A hereto to sell certain securities pursuant to the Issuer's
Registration Statement on Form SB-2 (SEC File No. 333-46592) and the Issuer
intends that, if it is unable to sell securities in the minimum sum of
$1,500,000 by the _______ day of ______________, 2001 (the "Closing Date"), then
the offering shall be terminated and the proceeds paid in by each of the
subscribers shall be returned to them pursuant to this Agreement.

      The Depository is willing to act as the depository hereunder.

      In consideration of the mutual covenants and of other good and valuable
consideration, the parties agree as follows:

      1.    The Issuer shall deposit all monies received from the sale of
            securities in a special impound account in the depository to be
            designated the "SonicSave Impound Account" (the "Impound Account").
            The Issuer and its agents shall cause all checks received by it for
            the payment of securities to be made payable to the Depository
            Impound Account. The Issuer agrees to include with the deposits made
            in the Impound Account a copy of each subscription agreement which
            shall include the name, address and social security or other tax
            identification number of each Subscriber and the date and amount of
            each subscription. All funds so deposited shall be held in escrow by
            the Depository, and shall not be subject to judgment or creditors
            claims against the Issuer unless and until released to said Issuer
            in accordance with this Agreement.

      2.    Unless the Administrator directs to the contrary, the funds
            deposited in the Impound Account may be invested as directed by the
            Issuer in bank certificates of deposit, United States government
            obligations or placed in an interest bearing savings account.

      3.    Deposits in the form of checks that fail to clear the bank upon
            which they are drawn, together with the related subscription
            agreement, shall be returned by the Depository to the Subscriber. A
            copy thereof shall be sent to the Issuer.

            4. (a) Subject to subparagraph (b) below, if, on or before the
            Closing Date, the funds deposited in the Impound Account amount to
            or exceed $1,500,000 (the "Minimum Subscription"), then the
            Depository shall pay such funds, and all other funds deposited
            thereafter, to the Issuer. The Depository shall notify the
            Administrator in writing upon the release of funds.

                  (b) Notwithstanding anything to the contrary contained herein,
            prior to the release of any of the funds deposited in the Impound
            Account, the Issuer shall provide written evidence to Escrow Agent
            that the Issuer's promoters shall have made an equity contribution
            equal to or greater than the amounts set forth on

<PAGE>

            Schedule B hereto either by the conversion of outstanding loans into
            equity or by contribution to the Issuer of new funds as an
            additional capital contribution.

      5.    Upon receipt by the Depository of written notification signed by the
            Issuer advising that it was unable to sell the Minimum Subscription
            within the specific offering period, the funds deposited in the
            Impound Account shall be returned by the Depository to the
            Subscribers according to the amount each contributed. Total
            interest, less interest used to satisfy Depository costs and fees,
            will be divided and returned to subscribers based upon the
            investment.

      6.    If, at any time prior to the disbursement of funds by the Depository
            as provided in Paragraph 4 or 5 of this Agreement, the Depository is
            advised by the Administrator that the registration to sell
            securities of the Issuer has been suspended or revoked, that any
            condition of its registration permit has not been suspended or
            revoked, that any condition of its registration permit has not been
            met or that any provision of the securities laws of the
            participating states have not been complied with, then the
            Administrator may direct the Depository not to disburse the proceeds
            until further notice by the Administrator.

      7.    This Impound Agreement shall terminate upon the disbursement of
            funds pursuant to Paragraphs 4 or 5; provided, however, the Issuer
            may abandon the public offering. Upon the receipt of a letter from
            the Issuer stating that the offering has been abandoned, copy to the
            Administrator, the Depository is authorized to return the monies
            received hereunder to the subscribers according to the amount each
            subscriber contributed with interest, less interest used to satisfy
            Depository costs and fees, and this Agreement shall terminate upon
            said distribution.

      8.    The sole duty of the Depository other than as herein specified,
            shall be to establish and maintain the Impound Account and receive
            and hold the funds deposited by the company pursuant to all
            applicable banking laws and regulations.

      9.    The Issuer acknowledges that the Depository is performing the
            limited function of Depository and that this fact in no way means
            the Depository has passed in any way upon the merits or
            qualifications of, or has recommended, or given approval to, any
            person, security or transaction. A statement to this effect shall be
            included in the offering circular.

      10.   The Administrator may, at any time, inspect the records of the
            Depository, insofar as they relate to this Agreement, for the
            purpose of making any determination hereunder or effecting
            compliance with and conformance to the provisions of this Agreement.

      11.   The terms and conditions of this Agreement shall be binding on the
            heirs, executors and assigns, creditors or transferees, or
            successors in interest, whether by operation of law or otherwise, of
            the parties hereto. If, for any reason, the Depository named herein
            should be unable or unwilling to continue as such

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<PAGE>

            depository, then the Company may substitute, with the consent of the
            Administrator, another person to serve as Depository.

      IN WITNESS WHEREOF, the parties have executed this Agreement the _______
day of ____________, 2001.

                                            ISSUER: SONICSAVE.COM CORP.

                                            By _________________________________

                                            President

                                            DEPOSITORY: CITIZEN BANK

                                            By _________________________________

                                           Its _________________________________

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<PAGE>

                                                                      SCHEDULE A

PARTICIPATING STATES

Arizona
California
Indiana
Massachusetts
Michigan
Missouri
Oregon
Pennsylvania
Virginia
Washington
Ohio
Minnesota
Tennessee

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                                                                      SCHEDULE B

         Required                             Impound Funds to
Promoter's Equity Investment                     Be Released
----------------------------                     -----------

  (i) $135,000                          (i)    First - $1,500,000

 (ii) $25,000                          (ii)    Next -    $500,000

(iii) $25,000 for each $1,000,000 of Impound funds to be released over
      $2,000,000 (pro rata for partial amounts.)Letterhead of SonicSave.com

                                                SonicVIP.com Division
                                                1330 Beacon Street
                                                Brookline, MA 02446

March 14, 2001

Mr. Glenn Schneider
64 Great Meadow Road
Newton Centre, MA 02459

Dear Mr. Schneider:

On behalf of my company, SonicSave.com, Corp., I am please to offer you a
position as a part time consultant, serving in the capacity of Senior Vice
President and Chief Financial Officer. Under the terms of this offer you will
work 2 days per week and be compensated at a rate of $40,000 per year. In
addition you will have the option to purchase 120,000 shares of SonicSave.com,
Corp. stock, at a per share exercise price of no less than 100% of the fair
market value per share on the date of the grant, which will vest 1/24 per month
as long as you are employed by SonicSave.com, Corp. This option may be exercised
on or before 3/12/06.

After our anticipated initial public offering, we would like to modify your
employment to full time as Senior Vice President and Chief Financial Officer,
compensated at a rate of $100,000 per year.

This agreement will supercede all previous agreements.

I hope that these terms are acceptable to you, and look forward to working with
you.

Cordially,

s/Andre Danesh

Andre Danesh
President/CEO
SonicSave.com, Corp.

Accepted by:

/s/ Glenn Schneider

    Glenn Schneider

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