Document:

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                                                                   EXHIBIT 10.58

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR BY THE SECURITIES REGULATORY
AUTHORITY OF ANY OTHER JURISDICTION, NOR HAS ANY COMMISSION OR AUTHORITY PASSED
UPON OR ENDORSED THE MERITS OF THIS OFFERING. ANY REPRESENTATION TO THE CONTRARY
IS UNLAWFUL. THE SHARES MAY NOT BE TRANSFERRED OR RESOLD IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT OR AN OPINION OF COUNSEL SATISFACTORY TO THE
COMPANY THAT AN EXEMPTION FROM REGISTRATION IS AVAILABLE. INVESTORS SHOULD BE
AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT
FOR AN INDEFINITE PERIOD OF TIME.

                             SUBSCRIPTION AGREEMENT
                                  COMMON STOCK

                               VCAMPUS CORPORATION

     1.   Subscription. The undersigned (hereinafter referred to as
"Subscriber") hereby subscribes for and agrees to purchase the number of shares
of Common Stock of VCampus Corporation (the "Company"), par value $0.01 per
share, set forth on the signature page hereto (the "Shares") in consideration
for payment by the Subscriber of $1.06 per Share (the "Purchase Price") pursuant
to this Subscription Agreement (the "Agreement"). The Subscriber herewith
tenders the entire amount of such purchase price by check or wire transfer
payable to the order of Brean Murray & Co., Inc., the Company's escrow agent
(the "Escrow Agent").

     The Subscriber acknowledges that at the time of issuance the Common Stock
will not be registered under the Securities Act of 1933 (the "Act"), in reliance
upon an exemption from registration contained in the Act, and that the Company's
reliance upon such exemption is based, at least partially, on the Subscriber's
representations and warranties contained in this Subscription Agreement.

     2.   Acceptance or Rejection of Subscription. Subscriber acknowledges and
agrees that this subscription shall not be effective until accepted in writing
by the Company, and that the Company reserves the right to reject this
subscription in whole or in part. The Company is raising capital through the
sale of a maximum of 2,188,919 Shares (the "Maximum Offering Amount").
Subscriptions may be rejected for insufficient documentation or for such other
reason as the Company may determine, in its sole discretion, to be in the best
interests of the Company. The Company, in its sole discretion, reserves the
right to close this offering at any time to prevent sales in excess of the
Maximum Offering Amount. In the event the Subscriber's subscription is accepted
by the Company, Subscriber's Shares shall be issued as of the date specified by
the Company at the time of acceptance.

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     3.   Warrants. Subscriber shall receive warrants, in substantially the form
attached hereto as Exhibit A, to purchase a number of shares of Common Stock
equal to 25% of the total Shares purchased hereunder at an exercise price equal
to 100% of the average closing price of the Company's Common Stock on the Nasdaq
SmallCap Market for the 5 trading days prior to closing.

     4.   Registration Rights. The Shares purchased hereunder shall have
registration rights pursuant to the Registration Rights Agreement attached
hereto as Exhibit B.

     5.   Escrow Arrangements. All payments received from subscribers in this
offering will be deposited by the Escrow Agent in a non-interest bearing account
in the Company's name, specifically segregated for deposit of the subscription
payments, to be held in the account until closing. If the closing is not
consummated prior to June 15, 2001 (the "Termination Date"), then the funds in
the escrow account will be returned to subscribers without interest. All
subscription payments received by the Escrow Agent will be promptly forwarded to
the Company at closing. The parties expect to close as early as May 29, 2001.

     6.   Subscriber's Representations and Warranties. Subscriber represents,
warrants, acknowledges and agrees to the following.

          a.   Subscriber is a resident of the state indicated on the signature
     page hereof, is legally competent to execute this Agreement, and:

               (i)   if Subscriber is an individual, has his or her principal
                     residence in such state and is at least 21 years of age; or

               (ii)  if Subscriber is a corporation, partnership, trust or other
                     form of business organization, has its principal office in
                     such state; or

               (iii) if Subscriber is a corporation, partnership, trust or other
                     form of business organization, Subscriber has not been
                     organized for the specific purpose of acquiring the Shares.

          b.   This Agreement is and shall be irrevocable, except that the
     Subscriber shall have no obligations hereunder in the event that the
     subscription is not accepted by the Company in whole or in part.

          c.   The Subscriber has read this Agreement carefully and, to the
     extent believed necessary, has discussed the representations, warranties
     and agreements and the applicable limitations upon the Subscriber's resale
     of the Common Stock with counsel.

          d.   The Subscriber understands that no federal or state agency has
     made any finding or determination regarding the fairness of this offering,
     or any recommendation or endorsement of this offering.

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          e.   The Subscriber is an "accredited investor" as defined in Rule 501
     of Regulation D promulgated under the Act.

          Entities that are accredited investors under Rule 501 include, among
          others, certain banks, savings and loan associations, registered
          securities broker-dealers, insurance companies, registered investment
          companies and trusts. Individuals that are accredited investors under
          Rule 501 include, among others, any natural person whose individual
          net worth, or joint net worth with that person's spouse, exceeds $1
          million; or who had income in excess of $200,000 in each of the two
          most recent years or joint income with that person's spouse in excess
          of $300,000 in each of those years and who has a reasonable
          expectation of reaching the same income level in the current year.

          f.   The Subscriber has received from the Company or others and has
     read copies of the Company's filings with the U.S. Securities and Exchange
     Commission (the "SEC"), and has had an adequate opportunity to ask
     questions of and receive answers from the Company regarding these documents
     (the "SEC Filings").

          g.   The Subscriber represents that the Subscriber, if an individual,
     has adequate means of providing for his/her current needs and personal and
     family contingencies and has no need for liquidity in his/her investment in
     this offering.

          h.   The Subscriber is financially able to bear the economic risk of
     this investment, including the ability to afford holding the Common Stock
     for an indefinite period, or to afford a complete loss of its investment.
     The Subscriber's total investment in the Company will not exceed ten
     percent (10%) of net worth as determined exclusive of principal residence,
     mortgage thereon, home furnishings and automobiles.

          i.   The Subscriber is purchasing the Common Stock for the
     Subscriber's own account, with the intention of holding the Common Stock
     for investment purposes and not for the purpose of reselling or otherwise
     participating, directly or indirectly, in a distribution of the Common
     Stock, and shall not make any sale, transfer or other disposition of any
     portion of the Common Stock purchased hereby without registration under the
     Act and any applicable securities act of any state or unless an exemption
     from registration is available under such acts.

          j.   The Subscriber's overall commitment to investments that are not
     readily marketable is not disproportionate to the Subscriber's net worth,
     and the Subscriber's investment in the Common Stock will not cause such
     overall commitment to become excessive.

          k.   The Subscriber understands that an investment in the Common Stock
     is a highly illiquid investment, and that, the Subscriber will have to bear
     the economic risk of the investment indefinitely (or at least until such
     shares may become registered as provided under this Agreement) because the
     Common Stock has not been registered under the Act and is being issued
     pursuant to a private placement exemption under Regulation D, on the
     grounds that no public offering is involved. Therefore, the Common Stock
     cannot be offered, sold, transferred,

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pledged or hypothecated to any person, unless either it is subsequently
registered under the Act and applicable state securities laws or an exemption
from registration is available and the Subscriber obtains a favorable opinion
of the Company's counsel to that effect.

          l.   Prior to registration of the Shares by the Company pursuant to
Section 4 hereof, the Subscriber understands that the provisions of Rule 144
promulgated under the Act are not available for at least one (1) year to permit
resale of the Common Stock, and there can be no assurance that the conditions
necessary to permit routine sales of the Common Stock under Rule 144 will ever
be satisfied, and, if Rule 144 should become available, routine sales made in
reliance on its provisions could be made only in limited amounts and in
accordance with the terms and conditions of the Rule. The Subscriber further
understands that in connection with sales for which Rule 144 is not available,
compliance with some other registration exemption will be required, which may
not be available.

          m.   The Subscriber understands and agrees that stop transfer
instructions will be given to the Company's transfer agent or the officer in
charge of its stock records and noted on the appropriate records of the Company
to the effect that the Common Stock may not be transferred out of the
Subscriber's name unless either the Shares become registered under the Act or it
is established to the satisfaction of counsel for the Company that an exemption
from the registration provisions of the Act and applicable state securities laws
is available therefore. The Subscriber further agrees that there will be placed
on the certificates for the Common Stock, or any substitutions therefore, a
legend stating in substance as follows, that the Subscriber understands and
agrees that the Company may refuse to permit the transfer of the stock out of
its name and that the stock must be held indefinitely in the absence of
compliance with the terms of such legend.

          THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
          UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
          ACT AND MAY NOT BE SOLD, TRANSFERRED OR PLEDGED IN THE ABSENCE OF SUCH
          REGISTRATION UNLESS THE CORPORATION RECEIVES AN OPINION OF COUNSEL
          (WHICH MAY BE COUNSEL FOR THE CORPORATION) REASONABLY SATISFACTORY TO
          IT THAT SUCH TRANSFER MAY BE MADE IN COMPLIANCE WITH APPLICABLE
          FEDERAL AND STATE SECURITIES LAWS AND REGULATIONS.

          n.   The Subscriber has been given the opportunity to review the
Company's SEC Filings, and to ask questions of, and receive answers from,
Company representatives concerning the Company and the terms and conditions of
the offering and to obtain such other information as the Subscriber desires in
order to evaluate an investment in the Common Stock.

          o.   The Subscriber agrees to indemnify the Company, its directors,
officers and employees, and to hold them harmless from and against any and all
liability, damages, costs or expenses, including reasonable attorney fees, on
account of or arising out of (i) any inaccuracy in

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the Subscriber's representations and warranties hereinabove set forth; (ii) the
disposition of any of the Common Stock which it will receive, contrary to its
foregoing representations and warranties; and (iii) any action, suit or
proceeding based upon either the claim that the Subscriber's representations or
warranties were inaccurate or misleading or otherwise cause for obtaining
damages or redress from the Company, its directors, officers or employees, or
the disposition of any portion of the Common Stock.

          p.   The Subscriber understands that the Shares are being sold by the
Company through Brean Murray & Co., Inc. as the Company's placement agent for
the offering and that the Company has agreed to pay Brean Murray & Co., Inc. a
customary placement fee of $0.06 per Share for its services.

     7.   Company Representations and Warranties. The Company represents,
warrants, acknowledges and agrees to the following.

          a.   Organization and Standing. The Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware, and has all requisite corporate power and authority to own and operate
its properties and assets and to carry on its business as now conducted and as
currently proposed to be conducted. The Company is duly qualified and authorized
to do business, and is in good standing as a foreign corporation, in Virginia
and in each other jurisdiction where the nature of its activities and of its
properties makes such qualification necessary, except where a failure to do so
would not have a material adverse effect on the Company.

          b.   Capitalization. The authorized and outstanding capital of the
Company, as of April 24, 2001, consisted of: 1,200,000 shares of Series D
Convertible Preferred Stock, $0.01 par value per share, 1,073,370 of which are
issued and outstanding; 1,000,000 shares of Series C Convertible Preferred
Stock, $0.01 par value per share, 623,339 shares of which are issued and
outstanding; 3,000,000 shares of Series E Convertible Preferred Stock, 497,585
of which are issued and outstanding; 4,800,000 shares of undesignated and
unissued Preferred Stock, $0.01 par value per share; and 36,000,000 shares of
Common Stock, $0.01 par value per share, 10,983,745 of which were issued and
outstanding.

          All of the outstanding shares of Common Stock and Preferred Stock that
have been duly authorized and validly issued are fully paid and nonassessable
and were issued in compliance with all applicable federal and state securities
laws. The Company has duly and validly reserved the Shares for issuance as
contemplated hereby. Except as disclosed in the SEC Filings, there are no
outstanding rights of first refusal, preemptive rights or other rights, options,
warrants, conversion rights or other agreements, either directly or indirectly,
for the purchase or acquisition from the Company of any shares of its capital
stock.

          c.   Authorization. All corporate action on the part of the Company
and its directors and stockholders necessary for the authorization, execution
and delivery of this Agreement, the performance of all the Company's obligations
hereunder and thereunder, and the authorization, issuance, sale and delivery of
the Shares has been taken. This Agreement, when executed and delivered by the
Company and the respective other parties thereto, shall constitute a

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valid and legally binding obligation of the Company enforceable in accordance
with its terms, subject to laws of general application relating to bankruptcy,
insolvency and the relief of debtors, rules and laws governing specific
performance, injunctive relief and other equitable remedies.

          d.   Validity of the Shares. The Shares, when issued pursuant to the
terms of this Agreement, will be validly issued, and fully paid and
nonassessable and will be free of any liens or encumbrances; provided, however,
that the Shares will be subject to restrictions on transfer under state and/or
federal securities laws as set forth herein.

          e.   Compliance with Other Instruments. The Company is not in
violation of any provisions of its Certificate of Incorporation or its Bylaws as
amended, or of any provisions of any material agreement or any judgment, decree
or order by which it is bound or any statute, rule or regulation applicable to
the Company. Subject to the compliance with such filings as may be required to
be made with the SEC, the National Association of Securities Dealers, Inc. (the
"NASD") and certain state securities commissions, the execution, delivery and
performance of this agreement and the issuance and sale of the Shares pursuant
hereto, will not result in any such violation or be in conflict with or
constitute a default under any such provisions or result in the creation of any
mortgage, pledge, lien, encumbrance or charge upon any of the properties or
assets of the Company.

          f.   Governmental Consents. All consents, approvals, orders or
authorization of, or registrations, qualifications, designations, declarations
or filings with, any federal or state governmental authority on the part of the
Company required in connection with the valid execution and delivery of this
agreement, the offer, sale or issuance of the Shares, or the consummation of any
other transaction contemplated hereby, have been obtained.

          g.   Accuracy of Reports. The SEC Filings required to be filed by the
Company within the year prior to the date of this Agreement under the Securities
Exchange Act of 1934 have been duly filed, were in substantial compliance with
the requirements of their respective forms, were complete and correct in all
material respects as of the dates at which the information was furnished, and
contained (as of such dates) no untrue statement of a material fact or omitted
to state a material fact necessary in order to make the statements made therein,
in light of the circumstances under which they were made, not misleading.

          h.   Disclosure. No representation or warranty of the Company
contained in this Agreement contains any untrue statement of a material fact or
omits to state a material fact necessary in order to make the statements
contained herein or therein, in light of the circumstances under which they were
made, not misleading.

     8.   Assignment. This Agreement is not transferable or assignable by the
Subscriber.

     9.   Expenses. The Company and the Subscriber shall bear their own expenses
with respect to this Agreement and the transactions contemplated hereby.

     10.  Correct Information. All information which the Subscriber has provided
concerning the Subscriber or its financial position and the Subscriber's
knowledge of financial

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and business matters is correct and complete as of the date hereof, and if there
should be any material change in such information prior to the Company's
acceptance of the subscription, the Subscriber will immediately provide the
Company with such information.

     11.  Miscellaneous. This Agreement shall be construed in accordance with
and governed by the laws of the State of Delaware. This Agreement constitutes
the entire agreement among the parties hereto with respect to the subject matter
hereof and may be amended only by a writing executed by all parties.

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                      SUBSCRIPTION AGREEMENT SIGNATURE PAGE

         IN WITNESS WHEREOF, the Subscriber has executed this Subscription
Agreement effective on this the 29th day of May 2001.

                = Shares of Common Stock purchased
----------------
$               = total payment by Subscriber
----------------

-------------------------------------------          ---------------------------
Signature of Subscriber
                                                     ---------------------------
                                                     Address
-------------------------------------------
Printed or typed name of Subscriber (in
exactly the form in which securities are to
be registered)

-------------------------------------------
Printed or Typed Name and Title of person
signing

FOR COMPANY USE ONLY:

         ACCEPTED EFFECTIVE ON THE ___ DAY OF _______ 2001 ON BEHALF OF VCAMPUS
CORPORATION FOR __________ SHARES OF COMMON STOCK.

BY:
         -----------------------------------------------------
NAME:
         -----------------------------------------------------
TITLE:
         -----------------------------------------------------

                                       8<PAGE>   1
                                                                   EXHIBIT 10.59

                          REGISTRATION RIGHTS AGREEMENT

     This Registration Rights Agreement is dated effective as of May 29, 2001,
by and between VCampus Corporation, a Delaware corporation ("Company"), and each
of the purchasers set forth on Schedule A attached hereto (each individually, a
"Purchaser" and collectively, the "Purchasers").

                              W I T N E S S E T H :

     WHEREAS, Company and Purchaser have entered into that certain Subscription
Agreement, dated as of the date hereof (the "Purchase Agreement"), pursuant to
which Company has agreed to issue and sell to Purchaser, and Purchaser has
agreed to purchase from Company shares of Common Stock of the Company and a
Warrant exercisable for Common Stock of the Company; and

     WHEREAS, in order to induce Purchaser to enter into the Purchase Agreement
and to purchase the shares of Common Stock of the Company and the Warrant
exercisable for Common Stock of the Company, Company has agreed to provide
registration rights with respect thereto;

     NOW, THEREFORE, in consideration of the premises and the covenants
hereinafter contained, it is agreed as follows:

     1.   Definitions. Unless otherwise defined herein, terms used herein shall
have the meaning ascribed to them in the Purchase Agreement, and the following
shall have the following respective meanings (such meanings being equally
applicable to both the singular and plural form of the terms defined):

     "Agreement" shall mean this Registration Rights Agreement, including all
amendments, modifications and supplements and any exhibits or schedules to any
of the foregoing, and shall refer to the Agreement as the same may be in effect
at the time such reference becomes operative.

     "Warrant Shares" shall mean shares of Common Stock issued upon exercise of
the Warrant.

     "Holder" shall mean (i) the Purchaser, and (ii) any other Person holding
Registrable Securities to whom the registration rights conferred by this
Agreement have been transferred in compliance with this Agreement.

     "Majority Holders" shall mean the Holders of a majority of the Registrable
Securities.

     "NASD" shall mean the National Association of Securities Dealers, Inc., or
any successor corporation thereto.

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     "Registrable Securities" shall mean the shares of Common Stock issued
pursuant to the Purchase Agreement, the Warrant Shares, and shares of Common
Stock which Purchasers hereafter obtains the right to acquire pursuant to any
dividend, distribution, stock split or similar transaction or rights to the
extent that all of the holders of the Common Stock received shares of Common
Stock; provided, however, that the shares of Common Stock or Warrant Shares
shall only be treated as Registrable Securities until the earlier of such time
as (i) all of such shares may be sold under Rule 144 within a ninety (90) day
period, or (ii) such earlier time as all of such shares have been sold pursuant
a Registration Statement.

     "Registration Statement" shall mean a registration statement filed by the
Company with the U.S. Securities and Exchange Commission for a public offering
and sale of securities of the Company (other than a Registration Statement on
Form S-4 or S-8 or any successor form for securities to be offered in a
transaction of the type referred to in Rule 145 under the Securities Act or to
employees of Company pursuant to any employee benefit plan, respectively).

     "Securities Act" shall mean the Securities Act of 1933.

     "Warrant" shall mean the warrant to purchase shares of the Company's Common
Stock issued to the Purchasers on the date hereof.

     2.   Mandatory Registration. Subject to the terms of this Section 2 and
Section 4, the Company shall, as expeditiously as practicable, use its best
efforts to effect the registration under the Securities Act of all the
Registrable Securities for sale, all to the extent required to permit the
disposition of the Registrable Securities so registered for a period of up to
one year from the date hereof. In satisfaction of this mandatory registration
obligation, the Company agrees to include the Registrable Securities in the
current registration currently in process for certain other holders of the
Company's securities.

     3.   Registration Procedures. The Company agrees to:

     (a)  prepare and file with the SEC a Registration Statement with respect to
the Registrable Securities and use its best efforts to cause such Registration
Statement to become and remain effective for a period of time required for the
disposition of such securities by the holders thereof, but not more than one
year from the date hereof (the "Registration Period");

     (b)  prepare and file with the SEC such amendments and supplements to such
Registration Statement and the prospectus used in connection therewith 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 for the Registration
Period;

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     (c)  furnish, to such selling security holders such number of copies of a
summary prospectus or other prospectus, including a preliminary prospectus, in
conformity with the requirements of the Securities Act, and such other
documents, as such selling security holders may reasonably request;

     (d)  use its best efforts to register or qualify the securities covered by
such Registration Statement under such other securities or blue sky laws of such
jurisdictions within the United States and Puerto Rico as each holder of such
securities shall request (provided, however, that Company shall not be obligated
to qualify as a foreign corporation to do business under the laws of any
jurisdiction in which it is not then qualified or to file any general consent to
service of process), and do such other reasonable acts and things as may be
required of it to enable such holder to consummate the disposition in such
jurisdiction of the securities covered by such Registration Statement;

     (e)  enter into customary agreements and take such other actions as are
reasonably required in order to expedite or facilitate the disposition of such
Registrable Securities;

     (f)  otherwise use its best efforts to comply with all applicable rules and
regulations of the SEC, and make available to its security holders, as soon as
reasonably practicable, but not later than 18 months after the effective date of
the Registration Statement, an earnings statement covering the period of at
least 12 months beginning with the first full month after the effective date of
such Registration Statement, which earnings statement shall satisfy the
provisions of Section 11(a) of the Securities Act;

     (g)  give written notice to Holders:

          (i)  when such Registration Statement or any amendment thereto has
               been filed with the SEC and when such Registration Statement or
               any post-effective amendment thereto has become effective;

          (ii) of any request by the SEC for amendments or supplements to such
               Registration Statement or the prospectus included therein or for
               additional information;

         (iii) of the issuance by the SEC of any stop order suspending the
               effectiveness of such Registration Statement or the initiation of
               any proceedings for that purpose;

          (iv) of the receipt by Company or its legal counsel of any
               notification with respect to the suspension of the qualification
               of the Common Stock for sale in any jurisdiction or the
               initiation or threatening of any proceeding for such purpose; and

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          (v)  of the happening of any event that requires Company to make
               changes in such Registration Statement or the prospectus in order
               to make the statements therein not misleading (which notice shall
               be accompanied by an instruction to suspend the use of the
               prospectus until the requisite changes have been made);

     (h)  use its best efforts to prevent the issuance or obtain the withdrawal
of any order suspending the effectiveness of such Registration Statement at the
earliest possible time;

     (i)  furnish to each Holder, without charge, at least one copy of such
Registration Statement and any post-effective amendment thereto, including
financial statements and schedules, and, if the Holder so requests in writing,
all exhibits (including those, if any, incorporated by reference);

     (j)  cooperate with the Holders to facilitate the timely preparation and
delivery of certificates representing the Registrable Securities to be sold free
of any restrictive legends and in such denominations and registered in such
names as the Holders may request a reasonable period of time prior to sales of
the Registrable Securities; and

     (k)  upon the occurrence of any event contemplated by Section 3(g)(v)
above, promptly prepare a post-effective amendment to such Registration
Statement or a supplement to the related prospectus or file any other required
document so that, as thereafter delivered to Holders, the prospectus will not
contain an untrue statement of a material fact or omit to state any material
fact necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading. If the Company notifies the Holders
in accordance with Section 3(g)(v) above to suspend the use of the prospectus
until the requisite changes to the prospectus have been made, then the Holders
shall suspend use of such prospectus, and the period of effectiveness of such
Registration Statement provided for above shall each be extended by the number
of days from and including the date of the giving of such notice to Holders
shall have received such amended or supplemented prospectus pursuant to this
Section 3(k).

     It shall be a condition precedent to the obligation of Company to take any
action pursuant to this Agreement in respect of the securities which are to be
registered at the request of any Holder that such Holder shall furnish to
Company such information regarding the securities held by such Holder and the
intended method of disposition thereof as Company shall reasonably request and
as shall be required in connection with the action taken by Company.

     4.   Expenses. All expenses incurred in complying with this Agreement,
including, without limitation, all registration and filing fees (including all
expenses incident to filing with the NASD, if required), printing expenses, fees
and disbursements of counsel for Company, expenses of any special audits
incident to or required by any such registration and expenses of complying with
the securities or blue sky laws of any jurisdiction pursuant to Section 3(d),
shall be paid by Company, except that:

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          (a)  all such expenses in connection with any amendment or supplement
to a Registration Statement or prospectus required to be filed pursuant to
Section 2 which is filed more than 180 days after the effective date of such
Registration Statement because any Holder has not effected the disposition of
the securities requested to be registered shall be paid by such Holder; and

          (b)  Company shall not be liable for any fees or disbursements of
counsel for any Holder.

     5.   Indemnification and Contribution. (a) In the event of any registration
of any Registrable Securities under the Securities Act pursuant to this
Agreement, Company shall indemnify and hold harmless the holder of such
Registrable Securities, such holder's directors and officers, and each other
person who participated in the offering of such Registrable Securities and each
other person, if any, who controls such holder or such participating person
within the meaning of the Securities Act, against any losses, claims, damages or
liabilities, joint or several, to which such holder or any such director or
officer or participating person or controlling person may become subject under
the Securities Act or any other statute or at common law, insofar as such
losses, claims, damages or liabilities (or actions in respect thereof) arise out
of or are based upon (i) any alleged untrue statement of any material fact
contained, on the effective date thereof, in any Registration Statement under
which such securities were registered under the Securities Act, any preliminary
prospectus or final prospectus contained therein, or any amendment or supplement
thereto, or (ii) any alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading,
and shall reimburse such holder or such director, officer or participating
person or controlling person for any legal or any other expenses reasonably
incurred by such holder or such director, officer or participating person or
controlling person in connection with investigating or defending any such loss,
claim, damage, liability or action; provided, however, that Company shall 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 any actual or alleged untrue statement
or actual or alleged omission made in such Registration Statement, preliminary
prospectus, prospectus or amendment or supplement in reliance upon and in
conformity with written information furnished to Company by such holder
specifically for use therein. Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of such holder or
such director, officer or participating person or controlling person, and shall
survive the transfer of such securities by such holder.

     (b)  Each Holder, by acceptance hereof, agrees to indemnify and hold
harmless Company, its directors and officers and each other person, if any, who
controls Company within the meaning of the Securities Act against any losses,
claims, damages or liabilities, joint or several, to which Company or any such
director or officer or any such person may become subject under the Securities
Act or any other statute or at common law, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon information in writing provided to Company by such Holder specifically for
use in the following documents and contained, on the effective date

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thereof, in any Registration Statement under which securities were registered
under the Securities Act at the request of such holder, any preliminary
prospectus or final prospectus contained therein, or any amendment or supplement
thereto. Notwithstanding the provisions of this paragraph (b) or paragraph (c)
below, no Holder shall be required to indemnify any person pursuant to this
Section 5 or to contribute pursuant to paragraph (c) below in an amount in
excess of the amount of the aggregate net proceeds received by such Holder in
connection with any such registration under the Securities Act.

     (c)  If the indemnification provided for in this Section 5 from the
indemnifying party is unavailable to an indemnified party hereunder in respect
of any losses, claims, damages, liabilities or expenses referred to therein,
then the indemnifying party, in lieu of indemnifying such indemnified party,
shall contribute to the amount paid or payable by such indemnified party as a
result of such losses, claims, damages, liabilities or expenses in such
proportion as is appropriate to reflect the relative fault of the indemnifying
party and indemnified parties in connection with the actions which resulted in
such losses, claims, damages, liabilities or expenses, as well as any other
relevant equitable considerations. The relative fault of such indemnifying party
and indemnified parties shall be determined by reference to, among other things,
whether any action in question, including any untrue or alleged untrue statement
of a material fact or omission or alleged omission to state a material fact, has
been made by, or relates to information supplied by, such indemnifying party or
indemnified parties, and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such action. The amount paid
or payable by a party as a result of the losses, claims, damages, liabilities
and expenses referred to above shall be deemed to include any legal or other
fees or expenses reasonably incurred by such party in connection with any
investigation or proceeding.

     The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 5(c) 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 the immediately preceding paragraph.
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.

     6.   Certain Limitations on Registration Rights. Notwithstanding the other
provisions of this Agreement:

     (a) Company shall have the right to delay the filing or effectiveness of,
or by written notice require the Holders to cease sales of Registrable
Securities pursuant to, a Registration Statement required pursuant to this
Agreement during one or more periods aggregating not more than 75 days in any
twelve-month period (such period or periods, the "Suspension Period") in the
event that (i) Company would, in accordance with the advice of its counsel, be
required to disclose in the prospectus information not otherwise then required
by law to be publicly disclosed, (ii) in the judgment of Company's Board of
Directors, there is a reasonable likelihood that such disclosure, or any other
action to be

                                       6
<PAGE>   7

taken in connection with the prospectus, would materially and adversely affect
any existing or prospective material business situation, transaction or
negotiation or otherwise materially and adversely affect Company, or (iii) the
Registration Statement can no longer be used under the Securities Act;

     (b) If Company suspends the Registration Statement or requires the Holders
to cease sales of the Common Stock pursuant to paragraph (a) above, Company
shall, as promptly as practicable following the termination of the circumstances
which entitled Company to do so, take such action as may be necessary to
reinstate the effectiveness of the Registration Statement and/or give written
notice to all Holders authorizing them to resume sales pursuant to the
Registration Statement. If, as a result thereof, the prospectus included in the
Registration Statement has been amended to comply with the requirements of the
Securities Act, Company shall enclose such revised prospectus with a notice to
Holders given pursuant to this paragraph (b), and the Holders shall make no
offers or sales of shares pursuant to such Registration Statement other than by
means of such revised prospectus.

     7.   Restrictions on Sale After Public Offering. Except for transfers made
in transactions exempt from the registration requirements under the Securities
Act, Company and each Holder hereby agree not to offer, sell, contract to sell
or otherwise dispose of any of their Registrable Securities within 120 days
after the date of any final prospectus relating to the public offering of Common
Stock, if underwritten, whether by Company or by any Holders, except pursuant to
such prospectus or with the written consent of the managing underwriter or
underwriters for such offering.

     8.   Miscellaneous.

     (a)  Amendments and Waivers. Except as otherwise provided herein, the
provisions of this Agreement may not be amended, modified or supplemented, and
waivers or consents to departure from the provisions hereof may not be given
without the written consent of the Majority Holders and the Company.

     (b)  Notice Generally. Any notice, demand, request, consent, approval,
declaration, delivery or other communication hereunder to be made pursuant to
the provisions of this Agreement shall be sufficiently given or made if in
writing and either delivered in person with receipt acknowledged or sent by
registered or certified mail, return receipt requested, postage prepaid, or by
telecopy and confirmed by telecopy answerback, addressed as follows:

          (i)  If to any Holder, at its last known address appearing on the
               books of Company maintained for such purpose.

                                       7
<PAGE>   8

          (ii) If to Company, at

                                    VCampus Corporation
                                    1850 Centennial Park Drive, Suite 200
                                    Reston, Virginia 20191
                                    Attention:  President
                                    Telecopy Number:  (703) 654-7311

               with a copy to

                                    Wyrick Robbins Yates & Ponton LLP
                                    Suite 300
                                    4101 Lake Boone Trail
                                    Raleigh, NC  27607
                                    Attn:  Kevin A. Prakke

or at such other address as may be substituted by notice given as herein
provided. The giving of any notice required hereunder may be waived in writing
by the party entitled to receive such notice. Every notice, demand, request,
consent, approval, declaration, delivery or other communication hereunder shall
be deemed to have been duly given or served on the date on which personally
delivered, with receipt acknowledged, telecopied and confirmed by telecopy
answerback or three business days after the same shall have been deposited in
the United States mail.

     (c)  Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the successors and assigns of each of the parties hereto
including any person to whom Registrable Securities are transferred.

     (d)  Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

     (e)  Governing Law; Jurisdiction. This Agreement shall be governed by,
construed and enforced in accordance with the laws of the State of Delaware
without giving effect to the conflict of laws provisions thereof.

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

     (g)  Entire Agreement. This Agreement, together with the Purchase Agreement
and Warrant, represents the complete agreement and understanding of the parties
hereto in respect of the subject matter contained herein and therein. This

                                       8
<PAGE>   9

Agreement supersedes all prior agreements and understandings between the parties
with respect to the subject matter hereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       9
<PAGE>   10

IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement as of the date first above written.

                                  VCAMPUS CORPORATION

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

                                   PURCHASERS:

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

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

                                       10

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