Document:

THE SECURITIES REPRESENTED BY THIS DOCUMENT HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE SOLD,
TRANSFERRED OR ASSIGNED UNLESS SUCH SALE, TRANSFER OR ASSIGNMENT IS COVERED BY
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, OR SATISFIES THE
REQUIREMENTS OF RULE 144 OR REGULATION S OF THE SECURITIES AND EXCHANGE
COMMISSION, OR IS EFFECTED PURSUANT TO AN OPINION OF COUNSEL SATISFACTORY TO THE
ISSUER THAT SUCH SALE, TRANSFER OR ASSIGNMENT IS EXEMPT FROM SUCH REGISTRATION.

No. WA-06

                        WARRANT TO PURCHASE COMMON STOCK
                                       OF
                                 IJNT.NET, INC.,
                             a Delaware corporation

         This certifies that, for value received, Newport Federal Financial, a
California Corporation or its registered assigns ("Holder") is entitled, subject
to the terms and conditions set forth herein, to purchase from IJNT.net, Inc., a
Delaware corporation (the "Company"), in whole or in part, 200,000 fully-paid
and nonassessable shares (the "Warrant Shares") of Common Stock of the Company,
at a purchase price per share (the "Exercise Price") determined in accordance
with Section 2 hereof. The number, character and Exercise Price of such shares
of Common Stock are subject to adjustment as provided herein, and all references
to "Warrant Shares" and "Exercise Price" herein shall be deemed to include all
such adjustments. The term "Warrant" as used herein shall mean this Warrant and
any warrant delivered in substitution or exchange therefore as provided herein.

         This Warrant is issued concurrently with the execution of that certain
Promissory Note by the Company in favor of the Holder in the principal amount of
$1,000,000.00.

1.   TERM OF WARRANT. Subject to the terms and conditions set forth herein, this
     Warrant shall be exercisable, in whole or in part, from time to time during
     the term hereof, commencing on the date hereof and ending at 5:00 p.m.
     Pacific Standard Time on the Third (3rd) annual anniversary of the date of
     this Warrant (the "Exercise Period"), after which time this Warrant shall
     be void.

2.   EXERCISE PRICE; COMMON STOCK; NUMBER OF SHARES.

     (a)  EXERCISE PRICE. The term "Exercise Price" shall be $2.875, the closing
          price of the Company's common stock on May 31, 2000.

3.   EXERCISE OF WARRANT. This Warrant may be exercised by Holder by (i) the
     surrender of this Warrant to the Company, with the Notice of Exercise
     attached hereto duly completed and executed on behalf of Holder, at the
     office of the Company (or such other office or agency of the Company as the
     Company may designate by notice in writing to Holder at the address of

<PAGE>

     Holder appearing on the books of the Company) during the Exercise Period
     and (ii) the delivery of payment to the Company, for the account of the
     Company, by cash, wire transfer of immediately available funds to a bank
     account specified by the Company, or by certified or bank cashier's check,
     of the Exercise Price for the number of Warrant Shares specified in the
     Notice of Exercise in lawful money of the United States of America. The
     Company agrees that such Warrant Shares shall be deemed to be issued to
     Holder as the record holder of such Warrant Shares as of the close of
     business on the date on which this Warrant is surrendered and payment made
     for the Warrant Shares in accordance with the provisions hereof. A stock
     certificate or certificates for the Warrant Shares specified in the Notice
     of Exercise shall be delivered to Holder as promptly as practicable, and in
     any event within Ten (10) days, thereafter. If this Warrant is exercised
     only in part, then the Company shall, at the time of delivery of the stock
     certificate or certificates, deliver to Holder a new Warrant evidencing the
     rights to purchase the remaining Warrant Shares, which new Warrant in all
     other respects shall be identical to this Warrant. No adjustments shall be
     made on Warrant Shares issuable upon the exercise of this Warrant for any
     cash dividend paid or payable to holders of record of the Company's Common
     Stock before the date as of which Holder is deemed to be the record holder
     of such Warrant Shares.

4.   NO FRACTIONAL SHARES OR SCRIP. No fractional shares or scrip representing
     fractional shares shall be issued upon the exercise of this Warrant. In
     lieu of any fractional share to which Holder otherwise would be entitled,
     the Company shall make a cash payment equal to the Exercise Price
     multiplied by such fraction.

5.   REPLACEMENT OF WARRANT. Upon receipt of evidence reasonably satisfactory to
     the Company of the loss, theft, destruction or mutilation of this Warrant
     and, in the case of loss, theft or destruction, upon delivery of an
     indemnity agreement reasonably satisfactory in form and substance to the
     Company or, in the case of mutilation, upon surrender and cancellation of
     this Warrant, the Company at its expense shall execute and deliver, in lieu
     of this Warrant, a new warrant of like tenor and amount.

6.   RIGHTS OF STOCKHOLDERS. Subject to Sections 9 and 11 of this Warrant,
     Holder shall not be entitled to vote or receive dividends or be deemed
     holder of Common Stock or any other securities of the Company that at any
     time may be issuable upon the exercise hereof for any purpose, nor shall
     anything contained herein be construed to confer upon Holder, as such, any
     of the rights of a stockholder of the Company or any right to vote for the
     election of directors or on any matter submitted to stockholders of the
     Company at any meeting thereof, or to give or withhold consent to any
     corporate action (whether upon any recapitalization, issuance of stock,
     reclassification of stock, change of par value, or change of stock to no
     par value, consolidation, merger, conveyance or otherwise) or to receive
     notice of meetings, or to receive dividends or subscription rights or
     otherwise until the Warrant has been exercised as provided herein.

<PAGE>

7.   TRANSFER OF WARRANT.

     (a)  WARRANT REGISTER. The Company shall maintain a register (the "Warrant
          Register") containing the names and addresses of Holder or Holders.
          Any Holder of this Warrant or any portion thereof may change his
          address as shown on the Warrant Register by written notice to the
          Company requesting such change. Any notice or written communication
          required or permitted to be given to Holder may be delivered or given
          by mail to such Holder as shown on the Warrant Register and at the
          address shown on the Warrant Register. Until this Warrant is
          transferred on the Warrant Register, the Company may treat Holder as
          shown on the Warrant Register as the absolute owner of this Warrant
          for all purposes, notwithstanding any notice to the contrary.

     (b)  WARRANT AGENT. The Company may, by written notice to Holder, appoint
          an agent for the purpose of maintaining the Warrant Register referred
          to in Section 7(a) hereof, issuing the Warrant Shares or other
          securities then issuable upon the exercise of this Warrant, exchanging
          this Warrant, replacing this Warrant or any or all of the foregoing.
          Thereafter, any such registration, issuance, exchange or replacement,
          as the case may be, shall be made at the office of such agent.

     (c)  TRANSFERABILITY AND NONNEGOTIABILITY OF WARRANT. This Warrant may not
          be transferred or assigned in whole or in part without compliance with
          all applicable federal and state securities laws by the transferor and
          the transferee (including the delivery of investment representation
          letters and legal opinions reasonably satisfactory to the Company, if
          such are requested by the Company). Notwithstanding the foregoing, no
          investment representation letter or opinion of counsel shall be
          required for any transfer of this Warrant (or any portion thereof) or
          of any shares of Common Stock issued upon exercise hereof or
          conversion thereof (i) in compliance with Rule 144 or Rule 144A of the
          Securities Act, or (ii) by gift, will or intestate succession by
          Holder to his or her spouse or lineal descendants or ancestors or any
          trust for any of the foregoing; provided that in each of the foregoing
          cases the transferee agrees in writing to be subject to the terms of
          this Section 7(c) and Section 7(e). Subject to the provisions of this
          Warrant with respect to compliance with the Securities Act, title to
          this Warrant may be transferred by endorsement (by Holder executing
          the Assignment Form attached hereto) and delivery in the same manner
          as a negotiable instrument transferable by endorsement and delivery.

     (d)  EXCHANGE OF WARRANT UPON A TRANSFER. Upon surrender of this Warrant
          for exchange, properly endorsed on the Assignment Form and subject to
          the provisions of this Warrant with respect to compliance with the
          Securities Act and with the limitations on assignments and transfers
          contained in this Section 7, the Company at its expense shall issue to
          or upon the order of Holder a new warrant or warrants of like tenor,
          in the name of Holder or as Holder (upon payment by Holder of all
          applicable transfer taxes, if any) may direct, for the number of
          shares issuable upon exercise hereof.

<PAGE>

     (e)  COMPLIANCE WITH SECURITIES LAWS.

          (i)  Holder, by acceptance hereof, acknowledges that this Warrant and
               the shares of Common Stock to be issued upon exercise hereof or
               conversion thereof are being acquired solely for Holder's own
               account and not as a nominee for any other party, and for
               investment, and that Holder will not offer, sell or otherwise
               dispose of this Warrant or any shares of Common Stock to be
               issued upon exercise hereof or conversion thereof except under
               circumstances that will not result in a violation of the
               Securities Act or applicable state securities laws. Upon exercise
               of this Warrant, Holder shall, if requested by the Company,
               confirm in writing, in a form satisfactory to the Company, that
               the shares of Common Stock so purchased are being acquired solely
               for Holder's own account and not as a nominee for any other
               party, for investment, and not with a view toward distribution or
               resale.

          (ii) This Warrant and all shares of Common Stock issued upon exercise
               hereof or conversion thereof shall be stamped or imprinted with a
               legend in substantially the following form (in addition to any
               legend required by applicable state securities laws):

"THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE SOLD, TRANSFERRED
OR ASSIGNED UNLESS SUCH SALE, TRANSFER OR ASSIGNMENT IS COVERED BY AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT, OR SATISFIES THE REQUIREMENTS
OF RULE 144 OR REGULATION S OF THE SECURITIES AND EXCHANGE COMMISSION, OR IS
EFFECTED PURSUANT TO AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH
SALE, TRANSFER OR ASSIGNMENT IS EXEMPT FROM SUCH REGISTRATION."

          (iii)The Company agrees to remove promptly, upon the request of the
               holder of this Warrant and Securities issuable upon exercise of
               the Warrant, the legend set forth in Section 7(e)(ii) hereof from
               the documents and/or certificates representing such securities
               upon full compliance with the terms and provisions hereof and
               Rules 144 and 145.

8.   RESERVATION OF STOCK. The Company covenants that, at all times while this
     Warrant is exercisable, the Company shall reserve from its authorized and
     unissued Common Stock a sufficient number of shares to provide for the
     issuance of Common Stock upon the exercise of this Warrant and, from time
     to time, shall take all steps necessary to amend the Company's Certificate
     of Incorporation (the "Certificate of Incorporation") to provide sufficient
     reserves of shares of Common Stock issuable upon exercise of this Warrant.
     The Company further covenants that all shares that may be issued upon the
     exercise of rights represented by this Warrant and payment of the Exercise
     Price, all as set forth herein, shall be free from all taxes, liens and
     charges in respect of the issue thereof (other than taxes in respect of any
     transfer occurring contemporaneously or otherwise specified herein).

9.   NOTICES.

     (a)  Whenever the Exercise Price or number of shares purchasable hereunder
          is adjusted pursuant to Section 11 hereof, the Company shall issue a
          certificate signed by its Chief Financial Officer setting forth, in
          reasonable detail, the event requiring the adjustment, the amount of
          the adjustment, the method by which such adjustment was calculated and
          the Exercise Price and number of shares purchasable hereunder after
          giving effect to such adjustment, and the Company shall cause a copy
          of such certificate to be mailed (by first-class mail, postage
          prepaid) to Holder of this Warrant.

<PAGE>

     (b)  In case:

          (i)  the Company takes a record of holders of the Company's Common
               Stock for the purpose of entitling them to receive any dividend
               or other distribution, or any right to subscribe for or purchase
               shares of stock of any class or other securities, or to receive
               any other right;

          (ii) of any capital reorganization of the Company, any
               reclassification of the capital stock of the Company, any
               consolidation or merger of the Company with or into another
               corporation or any conveyance of all or substantially all of the
               assets of the Company to another corporation or other entity; or

          (iii)of any voluntary dissolution, liquidation or winding-up of the
               Company; then, and in each such case, the Company shall mail or
               cause to be mailed to Holder a notice stating, as the case may
               be, (A) the date on which a record is to be taken for the purpose
               of such dividend, distribution or right, and stating the amount
               and character of such dividend, distribution or right, (B) the
               date on which such reorganization, reclassification,
               consolidation, merger, conveyance, dissolution, liquidation or
               winding-up is to take place, and the time, if any is to be fixed,
               as of which Holders of record of Common Stock shall be entitled
               to exchange their shares of Common Stock for securities or other
               property deliverable upon such reorganization, reclassification,
               consolidation, merger, conveyance, dissolution, liquidation or
               winding-up. (c) All such notices, advices and communications
               shall be deemed to have been received (i) in the case of personal
               delivery or by a reputable national courier service, on the date
               of such delivery, and (ii) in the case of mailing, on the third
               business day following the date of such mailing if sent to a
               United States address and on the Tenth (10th) business day
               following the date of such mailing if sent to an address outside
               the United States.

10.  AMENDMENTS. This Warrant and any term hereof may be changed, waived,
     discharged or terminated only by an instrument in writing signed by the
     party against which enforcement of such change, waiver, discharge or
     termination is sought.

11.  ADJUSTMENTS. The Exercise Price and the number of shares purchasable
     hereunder are subject to adjustment from time to time as follows:

     (a)  RECLASSIFICATION, ETC. If the Company, at any time while this Warrant
          or any portion thereof remains outstanding and unexpired by
          reclassification of securities or otherwise, changes any of the
          securities as to which purchase rights under this Warrant exist into
          the same or a different number of securities of any other class or
          classes, this Warrant thereafter shall represent the right to acquire
          such number and kind of securities as would have been issuable as the
          result of such change with respect to the securities that were subject
          to the purchase rights under this Warrant immediately before such
          reclassification or other change and the Exercise Price therefore
          shall be appropriately adjusted, all subject to further adjustment as
          provided in this Section 11.

<PAGE>

     (b)  SPLIT, SUBDIVISION OR COMBINATION OF SHARES. If the Company, at any
          time while this Warrant or any portion thereof remains outstanding and
          unexpired, splits, subdivides or combines the securities as to which
          purchase rights under this Warrant exist into a different number of
          securities of the same class, then (i) in the case of a split or
          subdivision, the Exercise Price for such securities shall be
          proportionately decreased and the securities issuable upon exercise of
          this Warrant shall be proportionately increased, and (ii), in the case
          of a combination, the Exercise Price for such securities shall be
          proportionately increased and the securities issuable upon exercise of
          this Warrant shall be proportionately decreased.

     (c)  ADJUSTMENTS FOR DIVIDENDS IN STOCK OR OTHER SECURITIES OR PROPERTY.
          If, while this Warrant or any portion hereof remains outstanding and
          unexpired, the holders of the securities as to which purchase rights
          under this Warrant exist at the time have received, or, on or after
          the record date fixed for the determination of eligible stockholders
          of the Company, have become entitled to receive, without payment
          therefore, other or additional stock or other securities or property
          (other than cash) of the Company by way of dividend, then and in each
          case, this Warrant shall represent the right to acquire, in addition
          to the number of shares of the securities receivable upon exercise of
          this Warrant, and without payment of any additional consideration
          therefore, the amount of such other or additional stock or other
          securities or property (other than cash) of the Company that such
          holder would hold on the date of such exercise had such holder been
          Holder of record of the securities receivable upon exercise of this
          Warrant on the date hereof and had thereafter, during the period from
          the date hereof to and including the date of such exercise, retained
          such shares and/or all other additional stock available by it as
          provided herein during such period, giving effect to all adjustments
          called for during such period by the provisions of this Section 11.

     (d)  ADJUSTMENTS FOR CONSOLIDATION, MERGER, SALE OF ASSETS, REORGANIZATION,
          ETC. In case the Company after the date hereof (i) shall consolidate
          with or merge with into any other corporation, person, group or entity
          ("Person") and shall not be the continuing or surviving corporation of
          such consolidation or merger, or (ii) shall permit any other Person to
          consolidate with or merge into the Company and the Company shall be
          the continuing or surviving Person but, in connection with such
          consolidation or merger, the Common Stock shall be changed into or
          exchanged for stock or other securities of any other Person or cash or
          any other property, or (iii) shall transfer all or substantially all
          of its properties or assets to any other Person or (iv) shall affect a
          capital reorganization or reclassification of the Common Stock (other
          than a capital reorganization or reclassification for which adjustment
          is provided for above), then, and in the case of each such
          transaction, proper provision shall be made so that, upon the basis
          and the terms and in the manner provided in this Warrant, the Holder
          of this Warrant, upon the exercise of this Warrant at any time after
          the consummation of such transaction shall be entitled to receive (at
          the aggregate exercise price in effect at the time of such
          consummation for all Common Stock issuable upon such exercise
          immediately prior to such consummation), in lieu of the Common Stock
          issuable upon exercise prior to such consummation, the amount of
          securities, cash or other property to which such Holder would actually
          have been entitled as a stockholder upon such consummation if such
          Holder had exercised this Warrant immediately prior thereto.

<PAGE>

     (e)  CERTIFICATE AS TO ADJUSTMENTS. Upon the occurrence of each adjustment
          or readjustment pursuant to this Section 11, the Company at its
          expense shall promptly compute such adjustment or readjustment in
          accordance with the terms hereof and furnish to each Holder of this
          Warrant a certificate setting forth such adjustment or readjustment
          and showing in detail the facts upon which such adjustment or
          readjustment is based. The Company shall, upon the written request, at
          any time, of any such Holder, furnish or cause to be furnished to such
          Holder a like certificate setting forth: (i) such adjustments and
          readjustments; (ii) the Exercise Price at the time in effect; and
          (iii) the number of shares and the amount, if any, of other property
          that at the time would be received upon the exercise of this Warrant.

     (f)  NO IMPAIRMENT. The Company shall not, by any voluntary action, avoid
          or seek to avoid the observance or performance of any of the terms to
          be observed or performed hereunder by the Company, and the Company
          shall at all times in good faith assist in the carrying out of all the
          provisions of this Section 11 and in the taking of all such actions as
          may be necessary or appropriate in order to protect the rights of
          Holders of this Warrant against impairment.

12.  MISCELLANEOUS.

     (a)  This Warrant shall be governed in all respects by the laws of the
          State of California, without regard to the conflicts of laws
          provisions thereof.

     (b)  In the event of a dispute with regard to the interpretation of this
          Warrant, the prevailing party may collect the cost of reasonable
          attorneys' fees, litigation expenses or such other expenses as may be
          incurred in the enforcement of the prevailing party's rights
          hereunder.

     (c)  This Warrant shall be exercisable as provided for herein, except that,
          if the expiration date of this Warrant falls on a Saturday, Sunday or
          United States federally-recognized Holiday, then the expiration date
          for this Warrant shall be extended to 5:00 p.m. Pacific Standard Time
          on the business day following such Saturday, Sunday or
          federally-recognized Holiday.

<PAGE>

IN WITNESS WHEREOF, IJNT.net, INC. has caused this Warrant to be executed by its
officer thereunto duly authorized.

Dated:  June 5, 2000

                                 The "Company":

                                 IJNT.net, INC., a Delaware corporation

                                 By: ______________________________________
                                         Jeffrey R. Matsen,
                                         Executive Vice President

                               NOTICE OF EXERCISE
                               ------------------

To: IJNT.net, INC.

(1)  The undersigned hereby elects to purchase __________ shares of Common Stock
     of IJNT.net, INC., a Delaware corporation, pursuant to the terms of the
     attached Warrant, and tenders herewith payment of the purchase price for
     such shares in full.

(2)  In exercising this Warrant, the undersigned hereby confirms and
     acknowledges that the shares of Common Stock to be issued upon conversion
     thereof are being acquired solely for the account of the undersigned and
     not as a nominee for any other party, for investment, and that the
     undersigned shall not offer, sell or otherwise dispose of any such shares
     of Common Stock except under circumstances that will not result in a
     violation of the Securities Act of 1933, as amended, applicable state
     securities laws.

(3)  Please issue a certificate or certificates representing such shares of
     Common Stock in the name of the undersigned or in such other name as is
     specified below:

                                        (Name)

                                        (Name)

(4)  Please issue a new Warrant for the unexercised portion of the attached
     Warrant in the name of the undersigned or in such other name as is
     specified below:

                                        (Name)

(Date)                                  (Signature)

<PAGE>

                                 ASSIGNMENT FORM
                                 ---------------

FOR VALUE RECEIVED, the undersigned registered owner of this Warrant hereby
sells, assigns and transfers unto the Assignee named below all of the rights of
the undersigned under this Warrant, with respect to the number of shares of
Common Stock set forth below:

                                                                         No. of
Name of Assignee              Address                                    Shares
----------------              -------                                    ------

and does hereby irrevocably constitute and appoint Attorney ___________________
to make such transfer on the books of IJNT.net, INC., maintained for the
purpose, with full power of substitution in the premises.

         The undersigned also represents that, by assignment hereof, the
Assignee acknowledges that this Warrant and the shares of stock to be issued
upon exercise hereof or conversion thereof are being acquired for investment and
that the Assignee shall not offer, sell or otherwise dispose of this Warrant or
shares of stock to be issued upon exercise hereof or conversion thereof except
under circumstances that will not result in a violation of the Securities Act of
1933, as amended, or applicable state securities laws. Further, the Assignee has
acknowledged that, upon exercise of this Warrant, the Assignee shall, if
requested by the Company, confirm in writing, in a form satisfactory to the
Company, that the shares of stock so purchased are being acquired for investment
and not with a view toward distribution or resale. The Assignee further
acknowledges and agrees that it is bound by the provisions of Section 7(e) of
this Warrant.

(Date)

                                        Signature of Holder

                                        Signature of AssigneeTHESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"). THIS WARRANT SHALL NOT CONSTITUTE AN OFFER
TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES IN ANY JURISDICTION
IN WHICH SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. THE SECURITIES ARE
"RESTRICTED" AND MAY NOT BE RESOLD OR TRANSFERRED EXCEPT AS PERMITTED UNDER THE
Act PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.

                          COMMON STOCK PURCHASE WARRANT

No. 1

                  To Purchase 25,000 Shares of Common Stock of

                             IJNT INTERNATIONAL INC.

         THIS CERTIFIES that, for value received, Dominion Capital Fund, Ltd.,
or its assigns (the "INVESTOR"), is entitled, upon the terms and subject to the
conditions hereinafter set forth, at any time on or after the date hereof (the
"ISSUANCE DATE") and on or prior to May 26, 2004 (the "TERMINATION DATE") but
not thereafter, to subscribe for and purchase from IJNT INTERNATIONAL INC., a
Delaware corporation (the "COMPANY"), Twenty Five Thousand (25,000) shares of
Common Stock (the "WARRANT SHARES"). The purchase price of one share of Common
Stock (the "EXERCISE PRICE") under this Warrant shall be $3.24. The Exercise
Price and the number of shares for which the Warrant is exercisable shall be
subject to adjustment as provided herein. This Warrant is being issued in
connection with the Preferred Stock Purchase Agreement dated as of May 27,1999
(the "AGREEMENT") entered into between the Company, the Investor and another
entity not a party to this Warrant. In the event of any conflict between the
terms of this Warrant and the Agreement, the Agreement shall control.

                  1. TITLE OF WARRANT. Prior to the expiration hereof and
subject to compliance with applicable laws, this Warrant and all rights
hereunder are transferable, in whole or in part, at the office or agency of the
Company by the holder hereof in person or by duly authorized attorney, upon
surrender of this Warrant together with the Assignment Form annexed hereto
properly endorsed.

<PAGE>

THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"). THIS WARRANT SHALL NOT CONSTITUTE AN OFFER
TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES IN ANY JURISDICTION
IN WHICH SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. THE SECURITIES ARE
"RESTRICTED" AND MAY NOT BE RESOLD OR TRANSFERRED EXCEPT AS PERMITTED UNDER THE
Act PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.

                          COMMON STOCK PURCHASE WARRANT

No. 2

                  To Purchase 25,000 Shares of Common Stock of

                             IJNT INTERNATIONAL INC.

         THIS CERTIFIES that, for value received, Sovereign Partners Limited
Partnership, or its assigns (the "INVESTOR"), is entitled, upon the terms and
subject to the conditions hereinafter set forth, at any time on or after the
date hereof (the "ISSUANCE DATE") and on or prior to May 26, 2004 (the
"TERMINATION DATE") but not thereafter, to subscribe for and purchase from IJNT
INTERNATIONAL INC., a Delaware corporation (the "COMPANY"), Twenty Five Thousand
(25,000) shares of Common Stock (the "WARRANT SHARES"). The purchase price of
one share of Common Stock (the "EXERCISE PRICE") under this Warrant shall be
$3.24. The Exercise Price and the number of shares for which the Warrant is
exercisable shall be subject to adjustment as provided herein. This Warrant is
being issued in connection with the Preferred Stock Purchase Agreement dated as
of May 26, 1999 (the "AGREEMENT") entered into between the Company, the Investor
and another entity not a party to this Warrant. In the event of any conflict
between the terms of this Warrant and the Agreement, the Agreement shall
control.

                  1. TITLE OF WARRANT. Prior to the expiration hereof and
subject to compliance with applicable laws, this Warrant and all rights
hereunder are transferable, in whole or in part, at the office or agency of the
Company by the holder hereof in person or by duly authorized attorney, upon
surrender of this Warrant together with the Assignment Form annexed hereto
properly endorsed.

<PAGE>

                  2. AUTHORIZATION OF SHARES. The Company covenants that all
shares of Common Stock which may be issued upon the exercise of rights
represented by this Warrant will, upon exercise of the rights represented by
this Warrant, be duly authorized, validly issued, fully paid and nonassessable
and free from all taxes, liens and charges in respect of the issue thereof
(other than taxes in respect of any transfer occurring contemporaneously with
such issue).

                  3. EXERCISE OF WARRANT.

                  (a) Exercise of the purchase rights represented by this
Warrant may be made at any time or times, in whole or in part, before the close
of business on the Termination Date, or such earlier date on which this Warrant
may terminate as provided in paragraph 11 below, by the surrender of this
Warrant and the Subscription Form annexed hereto duly executed, to the office of
the Company (or such other office or agency of the Company as it may designate
by notice in writing to the registered holder hereof at the address of such
holder appearing on the books of the Company) and upon payment of the Exercise
Price of the shares of Common Stock thereby purchased or pursuant to the
cashless exercise feature provided below; whereupon the holder of this Warrant
shall be entitled to receive a certificate for the number of shares of Common
Stock so purchased. Certificates for shares of Common Stock purchased hereunder
shall be delivered to the holder hereof within three Business Days after the
date on which this Warrant shall have been exercised as aforesaid. Payment of
the Exercise Price of the shares may be by certified check or cashier's check or
by wire transfer (of same day funds) to the Company in an amount equal to the
Exercise Price multiplied by the number of shares being purchased or pursuant to
the cashless exercise feature as set forth in Section 3(b) below.

                  (b) The Investor may pay the Exercise Price in cash (as set
forth in Section 3(a) above) or, pursuant to a cashless exercise, as follows:
the Investor shall surrender this Warrant to the Company together with a notice
of cashless exercise, in which event the Company shall issue to the Investor the
number of Warrant Shares determined as follows:

                  X = Y (A-B)/A
         where:
                  X = the number of Warrant Shares to be issued to the Investor.

                  Y = the number of Warrant Shares with
                  respect to which this Warrant is being
                  exercised.

                  A = the average of the closing sale prices
                  of the Common Stock for the five (5) Trading
                  Days immediately prior to (but not
                  including) the date of Exercise.

                  B = the Exercise Price.

<PAGE>

         For purposes of Rule 144 promulgated under the Securities Act, it is
intended, understood and acknowledged that the Warrant Shares issued in a
cashless exercise transaction shall be deemed to have been acquired by the
Investor, and the holding period for the Warrant Shares shall be deemed to have
been commenced on the Issuance Date.

                  4. NO FRACTIONAL SHARES OR SCRIP. No fractional shares or
scrip representing fractional shares shall be issued upon the exercise of this
Warrant. In lieu of issuing fractional shares, the Company shall round up to the
nearest whole share the number of Warrant Shares due upon exercise of this
Warrant.

                  5. CHARGES, TAXES AND EXPENSES. Issuance of certificates for
shares of Common Stock upon the exercise of this Warrant shall be made without
charge to the holder hereof for any issue or transfer tax or other incidental
expense in respect of the issuance of such certificate, all of which taxes and
expenses shall be paid by the Company, and such certificates shall be issued in
the name of the holder of this Warrant or in such name or names as may be
directed by the holder of this Warrant; PROVIDED, HOWEVER, that in the event
certificates for shares of Common Stock are to be issued in a name other than
the name of the holder of this Warrant, this Warrant when surrendered for
exercise shall be accompanied by the Assignment Form attached hereto duly
executed by the holder hereof; and PROVIDED FURTHER, that upon any transfer
involved in the issuance or delivery of any certificates for shares of Common
Stock, the Company may require, as a condition thereto, the payment of a sum
sufficient to reimburse it for any transfer tax incidental thereto.

                  6. CLOSING OF BOOKS. The Company will at no time close its
shareholder books or records in any manner which interferes with the timely
exercise of this Warrant.

                  7. NO RIGHTS AS SHAREHOLDER UNTIL EXERCISE. This Warrant does
not entitle the holder hereof to any voting rights or other rights as a
shareholder of the Company prior to the exercise thereof. If, however, at the
time of the surrender of this Warrant and purchase the holder hereof shall be
entitled to exercise this Warrant, the shares so purchased shall be and be
deemed to be issued to such holder as the record owner of such shares as of the
close of business on the date on which this Warrant shall have been exercised.

                  8. ASSIGNMENT AND TRANSFER OF WARRANT. This Warrant may be
assigned by the surrender of this Warrant and the Assignment Form annexed hereto
duly executed at the office of the Company (or such other office or agency of
the Company as it may designate by notice in writing to the registered holder
hereof at the address of such holder appearing on the books of the Company);
PROVIDED, HOWEVER, that this Warrant may not be resold or otherwise transferred
except (i) in a transaction registered under the Securities Act, or (ii) in a
transaction pursuant to an exemption, if available, from such registration and
whereby, if requested by the Company, an opinion of counsel reasonably
satisfactory to the Company is obtained by the holder of this Warrant to the
effect that the transaction is so exempt.

<PAGE>

                  9. LOSS, THEFT, DESTRUCTION OR MUTILATION OF WARRANT. The
Company represents and warrants that upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft, destruction or mutilation of
any Warrant or stock certificate, and in case of loss, theft or destruction, of
indemnity or security reasonably satisfactory to it, and upon reimbursement to
the Company of all reasonable expenses incidental thereto, and upon surrender
and cancellation of such Warrant or stock certificate, if mutilated, the Company
will make and deliver a new Warrant or stock certificate of like tenor and dated
as of such cancellation, in lieu of this Warrant or stock certificate.

                  10. SATURDAYS, SUNDAYS, HOLIDAYS, ETC. If the last or
appointed day for the taking of any action or the expiration of any right
required or granted herein shall be a Saturday, Sunday or a legal holiday, then
such action may be taken or such right may be exercised on the next succeeding
day not a legal holiday.

                  11. ADJUSTMENTS. The Exercise Price shall be adjusted as
provided for below in this Section (the Exercise Price, and the Exercise Price
as thereafter then adjusted, shall be included in the definition of Exercise
Price) and the Exercise Price from time to time shall be further adjusted as
provided for below in this Section. Upon each adjustment of the Exercise Price,
the Investor shall thereafter be entitled to receive upon exercise of this
Warrant, at the Exercise Price resulting from such adjustment, the number of
shares of Common Stock obtained by (i) multiplying the Exercise Price in effect
immediately prior to such adjustment by the number of shares of Common Stock
purchasable hereunder immediately prior to such adjustment and (ii) dividing the
product thereof by the Exercise Price resulting from such adjustment. The
Exercise Price shall be adjusted as follows:

                           (a) In the case of any amendment to the Company's
Certificate of Incorporation to change the designation of the Common Stock or
the rights, privileges, restrictions or conditions in respect to the Common
Stock or division of the Common Stock, this Warrant shall be adjusted so as to
provide that upon exercise thereof, the Investor shall receive, in lieu of each
share of Common Stock theretofore issuable upon such exercise, the kind and
amount of shares, other securities, money and property receivable upon such
designation, change or division by the holder issuable upon such exercise had
the exercise occurred immediately prior to such designation, change or division.
This Warrant shall be deemed thereafter to provide for adjustments which shall
be as nearly equivalent as may be practicable to the adjustments provided for in
this Section. The provisions of this Subsection (a) shall apply in the same
manner to successive reclassifications, changes, consolidations and mergers.

                           (b) If the Company shall at any time subdivide its
outstanding shares of Common Stock into a greater number of shares of Common
Stock, or declare a dividend or make any other distribution upon the Common
Stock payable in shares of Common Stock, the Exercise Price in effect
immediately prior to such subdivision or dividend or other distribution shall be
proportionately reduced, and conversely, in case the outstanding shares of
Common Stock shall be combined into a smaller number of shares of Common Stock,
the Exercise Price in effect immediately prior to such combination shall be
proportionately increased.

                           (c) If the Company shall, through either a private
placement or a public offering (but other than pursuant to options granted under
the Company's stock option plans or shares or options issued in an acquisition
or shares issuable upon conversion of shares of the Company's convertible
debentures or shares issuable pursuant to the exercise of warrant or options
outstanding on the Issuance Date and other than the issuance of up to an

<PAGE>

aggregate of 100,000 shares of Common Stock pursuant to transactions not
described in this parenthetical) issue shares of Common Stock, or options to
purchase Common Stock or rights to subscribe for Common Stock or securities
convertible into or exchangeable for Common Stock at a price (such price, if
other than cash, as determined by the Board of Directors) less than the Exercise
Price (the "LOWER PRICE"), the Exercise Price shall be automatically reduced to
the Lower Price. Notwithstanding the foregoing, in no event shall the Exercise
Price ever be increased as a result of this Subsection (c). There will be no
adjustment in the event that the Company pays a dividend in cash to its holders
of Common Stock; provided, however, the Company will give the holder written
notice at least thirty (30) days prior to the record date for the cash dividend,
that the Company intends to declare a cash dividend.

                           (d) If any capital reorganization or reclassification
of the capital stock of the Company, or any consolidation or merger of the
Company with or into another corporation or other entity, or the sale of all or
substantially all of the Company's assets to another corporation or other entity
shall be effected in such a way that holders of shares of Common Stock shall be
entitled to receive stock, securities, other evidence of equity ownership or
assets with respect to or in exchange for shares of Common Stock, then, as a
condition of such reorganization, reclassification, consolidation, merger or
sale (except as otherwise provided below in this Section) lawful and adequate
provisions shall be made whereby the holder shall thereafter have the right to
receive upon the exercise hereof upon the basis and upon the terms and
conditions specified herein, such shares of stock, securities, other evidence of
equity ownership or assets as may be issued or payable with respect to or in
exchange for a number of outstanding shares of such Common Stock equal to the
number of shares of Common Stock immediately theretofore purchasable and
receivable upon the exercise of this Warrant under this Section had such
reorganization, reclassification, consolidation, merger or sale not taken place,
and in any such case appropriate provisions shall be made with respect to the
rights and interests of the holder to the end that the provisions hereof
(including, without limitation, provisions for adjustments of the Exercise Price
and of the number of shares of Common Stock receivable upon the exercise of this
Warrant) shall thereafter be applicable, as nearly as may be, in relation to any
shares of stock, securities, other evidence of equity ownership or assets
thereafter deliverable upon the exercise hereof including an immediate
adjustment, by reason of such consolidation or merger, of the Exercise Price to
the value for the Common Stock reflected, by the terms of such consolidation or
merger if the value so reflected is less than the Exercise Price in effect
immediately prior to such consolidation or merger. Subject to the terms of this
Warrant, in the event of a merger or consolidation of the Company with or into
another corporation or other entity as a result of which the number of shares of
common stock of the surviving corporation or other entity issuable to Investors
of Common Stock, is greater or lesser than the number of shares of Common Stock
outstanding immediately prior to such merger or consolidation, then the Exercise
Price in effect immediately prior to such merger or consolidation shall be
adjusted in the same manner as though there were a subdivision or combination of
the outstanding shares of Common Stock. The Company shall not effect any such
consolidation, merger or sale, unless, prior to the consummation thereof, the
successor corporation (if other than the Company) resulting from such
consolidation or merger or the corporation purchasing such assets shall assume
by written instrument executed and mailed or delivered to the Investor, the
obligation to deliver to the Investor such shares of stock, securities, other

<PAGE>

evidence of equity ownership or assets as, in accordance with the foregoing
provisions, the Investor may be entitled to receive or otherwise acquire. If a
purchase, tender or exchange offer is made to and accepted by the holders of
more than fifty (50%) percent of the outstanding shares of Common Stock, the
Company shall not effect any consolidation, merger or sale with the person
having made such offer or with any affiliate of such person, unless prior to the
consummation of such consolidation, merger or sale the Investor shall have been
given a reasonable opportunity to then elect to receive upon the exercise of
this Warrant the amount of stock, securities, other evidence of equity ownership
or assets then issuable with respect to the number of shares of Common Stock in
accordance with such offer.

                           (e) In case the Company shall, at any time prior to
exercise of this Warrant, consolidate or merge with any other corporation or
other entity (where the Company is not the surviving entity) or transfer all or
substantially all of its assets to any other corporation or other entity, then
the Company shall, as a condition precedent to such transaction, cause effective
provision to be made so that the Investor of this Warrant upon the exercise of
this Warrant after the effective date of such transaction shall be entitled to
receive the kind and, amount of shares, evidences of indebtedness and/or other
securities or property receivable on such transaction by the Investor of the
number of shares of Common Stock as to which this Warrant was exercisable
immediately prior to such transaction (without giving effect to any restriction
upon such exercise); and, in any such case, appropriate provision shall be made
with respect to the rights and interest of the Investor of this Warrant to the
end that the provisions of this Warrant shall thereafter be applicable (as
nearly as may be practicable) with respect to any shares, evidences of
indebtedness or other securities or assets thereafter deliverable upon exercise
of this Warrant. Upon the occurrence of any event described in this Subsection
(e), the Investor of this Warrant shall have the right to (i) exercise this
Warrant immediately prior to such event at an Exercise Price equal to lesser of
(A) the then Exercise Price or (B) the price per share of Common Stock paid in
such event, or (ii) retain ownership of this Warrant, in which event,
appropriate provisions shall be made so that the Warrant shall be exercisable at
the Investor's option into shares of stock, securities or other equity ownership
of the surviving or acquiring entity,

                           (f) Whenever the Exercise Price shall be adjusted
pursuant to this Section the Company shall issue a certificate signed by its
President or Vice President and by its Treasurer, or Secretary, setting forth,
in reasonable detail, the event requiring the adjustment, the amount of the
adjustment, the method by which such adjustment was calculated (including a
description of the basis on which the Board of Directors of the Company made any
determination hereunder), and the Exercise Price after giving effect to such
adjustment, and shall cause copies of such certificates to be mailed (by
first-class mail, postage prepaid) to the Investor of this Warrant. The Company
shall make such certificate and mail it to the Investor immediately after each
adjustment.

<PAGE>

                  12. NOTICE OF ADJUSTMENT. Whenever the number of Warrant
Shares or number or kind of securities or other property purchasable upon the
exercise of this Warrant or the Exercise Price is adjusted, as herein provided,
the Company shall promptly mail by registered or certified mail, return receipt
requested, to the holder of this Warrant notice of such adjustment or
adjustments setting forth the number of Warrant Shares (and other securities or
property) purchasable upon the exercise of this Warrant and the Exercise Price
of such Warrant Shares after such adjustment, setting forth a brief statement of
the facts requiring such adjustment and setting forth computation by which such
adjustment was made.

                  13. VOLUNTARY ADJUSTMENT BY THE COMPANY. The Company may at
its option, at any time during the term of this Warrant, reduce the then current
Exercise Price to any amount and for any period of time deemed appropriate by
the Board of Directors of the Company.

                  14. NOTICE OF ADJUSTMENT. Whenever the number of Warrant
Shares or number or kind of securities or other property purchasable upon the
exercise of this Warrant or the Exercise Price is adjusted, as herein provided,
the Company shall promptly mail by registered or certified mail, return receipt
requested, to the holder of this Warrant notice of such adjustment or
adjustments setting forth the number of Warrant Shares (and other securities or
property) purchasable upon the exercise of this Warrant and the Exercise Price
of such Warrant Shares after such adjustment, setting forth a brief statement of
the facts requiring such adjustment and setting forth computation by which such
adjustment was made. Such notice, in absence of manifest error, shall be
conclusive evidence of the correctness of such adjustment.

                  15. AUTHORIZED SHARES. The Company covenants that during the
period the Warrant is outstanding, it will reserve from its authorized and
unissued Common Stock a sufficient number of shares to provide for the issuance
of Common Stock upon the exercise of any purchase rights under this Warrant. The
Company further covenants that its issuance of this Warrant shall constitute
full authority to its officers who are charged with the duty of executing stock
certificates to execute and issue the necessary certificates for shares of the
Company's Common Stock upon the exercise of the purchase rights under this
Warrant. The Company will take all such reasonable action as may be necessary to
assure that such shares of Common Stock may be issued as provided herein without
violation of any applicable law or regulation, or of any requirements of the
domestic securities exchange or market upon which the Common Stock may be
listed.

                  16. 4.99% LIMITATION. The number of shares of Common Stock
which may be acquired by the Investor pursuant to the terms herein shall not
exceed the number of such shares of Common Stock which, when aggregated with all
other shares of Common Stock then owned by the Investor, would result in the
Investor owning more than 4.99% of the then issued and outstanding Common Stock
at any one time. The preceding shall not interfere with the Investor's right to
this Warrant over time which in the aggregate totals more than 4.99% of the then
outstanding shares of Common Stock so long as the Investor does not own more
than 4.99% of the then outstanding Common Stock at any given time.

<PAGE>

                  17. MISCELLANEOUS.

                           (a) ISSUE DATE; CHOICE OF LAW; VENUE; JURISDICTION.
The provisions of this Warrant shall be construed and shall be given effect in
all respects as if it had been issued and delivered by the Company on the
Issuance Date. This Warrant shall be binding upon any successors or assigns of
the Company. This Warrant will be construed and enforced in accordance with and
exclusively governed by the laws of the State of New York, except for matters
arising under the Securities Act, without reference to principles of conflicts
of law. The parties consent to the exclusive jurisdiction of the U.S. District
Court sitting in the Southern District of the State of New York in connection
with any dispute arising under this Warrant and hereby waives, to the maximum
extent permitted by law, any objection, including any objection based on FORUM
NON CONVENIENS, to the bringing of any such proceeding in such jurisdictions.
Each party hereby agrees that if the other party to this Warrant obtains a
judgment against it in such a proceeding, the party which obtained such judgment
may enforce same by summary judgment in the courts of any country having
jurisdiction over the party against whom such judgment was obtained, and each
party hereby waives any defenses available to it under local law and agrees to
the enforcement of such a judgment. Each party to this Warrant irrevocably
consents to the service of process in any such proceeding by the mailing of
copies thereof by registered or certified mail, postage prepaid, to such party
at its address set forth herein. Nothing herein shall affect the right of any
party to serve process in any other manner permitted by law. Each party waives
its right to a trial by jury.

                           (b) RESTRICTIONS. The holder hereof acknowledges that
the Warrant Shares acquired upon the exercise of this Warrant, if not registered
(or if no exemption from registration exists), will have restrictions upon
resale imposed by state and federal securities laws. Each certificate
representing the Warrant Shares issued to the Holder upon exercise (if not
registered or if no exemption from registration exists) will bear the following
legend:

                  "THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
         REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
         "SECURITIES ACT"), OR ANY OTHER APPLICABLE SECURITIES LAWS AND HAVE
         BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
         REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS.
         NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE
         REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED,
         HYPOTHECATED OR OTHERWISE DISPOSED OF, EXCEPT PURSUANT TO AN EFFECTIVE
         REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO A
         TRANSACTION THAT IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION".

                           (c) MODIFICATION AND WAIVER. This Warrant and any
provisions hereof may be changed, waived, discharged or terminated only by an
instrument in writing signed by the party against which enforcement of the same
is sought.

<PAGE>

                           (d) NOTICES. Any notice, request or other document
required or permitted to be given or delivered to the holders hereof of the
Company shall be delivered or shall be sent by certified or registered mail,
postage prepaid, to each such holder at its address as shown on the books of the
Company or to the Company at the address set forth in the Agreement.

<PAGE>

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

Dated:  May   , 1999

                                         IJNT INTERNATIONAL INC.

                                         By: ______________________________
                                             Name:
                                             Title:

<PAGE>

                               NOTICE OF EXERCISE
                               ------------------

To:      IJNT INTERNATIONAL INC.

(1) The undersigned hereby elects to purchase ________ shares of Common Stock of
IJNT INTERNATIONAL INC. pursuant to the terms of the attached Warrant, and
tenders herewith payment of the purchase price in full, together with all
applicable transfer taxes, if any.

(2) Please issue a certificate or certificates representing said shares of
Common Stock in the name of the undersigned or in such other name as is
specified below:

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

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

Dated:
------------------------------
Signature

<PAGE>

                                 ASSIGNMENT FORM

                    (To assign the foregoing warrant, execute
                   this form and supply required information.
                 Do not use this form to exercise the warrant.)

         _________FOR VALUE RECEIVED, the foregoing Warrant and all rights
evidenced thereby are hereby assigned to

_______________________________________________ whose address is

____________________________________________________________________

____________________________________________________________________

                                             Dated:  ______________,

             Holder's Signature:   _________________________________

             Holder's Address:     _________________________________

                                   _________________________________

Signature Guaranteed:  _____________________________________________

NOTE: The signature to this Assignment Form must correspond with the name as it
appears on the face of the Warrant, without alteration or enlargement or any
change whatsoever, and must be guaranteed by a bank or trust company. Officers
of corporations and those acting in an fiduciary or other representative
capacity should file proper evidence of authority to assign the foregoing
Warrant.

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