Document:

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                                MORO CORPORATION
                             SUBSCRIPTION AGREEMENT

         THIS SUBSCRIPTION AGREEMENT is made as of this 1rst day of August 2000,
by and between GREENWOOD PARTNERS, L.P., a Delaware limited partnership
("Greenwood"), and MORO CORPORATION, a Delaware corporation (the "Company").

                                   Background

         As more fully set forth herein, Greenwood desires to purchase from the
Company, and the Company desires to sell to Greenwood, 50,000 shares of Common
Stock, par value $.001, of the Company (the "Stock") as well as a warrant to
purchase up to 100,000 shares of Common Stock, in the form attached hereto as
Exhibit "A" (the "Warrant").

                                    Agreement

         NOW, THEREFORE, intending to be legally bound hereby, the parties
hereto agree as follows:

         1. Purchase. Subject to the terms hereof, the Company hereby sells the
Stock and Warrant to Greenwood, and Greenwood hereby purchases the Stock and
Warrant from the Company. Greenwood has delivered to the Company the aggregate
amount of $25,000 in full payment for the Stock (i.e, $.50 per share). The
Company shall promptly instruct its transfer agent to deliver to Greenwood a
certificate representing the Stock registered in the name of Greenwood and has
delivered to Greenwood the certificate evidencing the Warrant.

         2. Representations and Warranties of Greenwood. Greenwood hereby makes
the following representations and warranties to the Company:

            A. Greenwood has received and reviewed each of the following, and
understands that each of the following items are incorporated by reference
herein: (i) the Company's Form 10-QSB Quarterly Report for the quarterly period
ended June 30, 2000; (ii) the Company's Form 10-QSB Quarterly Report for the
quarterly period ended March 31, 2000;(iii) the Company's Annual Report on Form
10- KSB for the fiscal year ended December 31, 1999; and (iv) the Company's Form
8-K Current Report filed with the Securities and Exchange Commission on June 16,
1999 (File No. 000-26828).

            B. Greenwood understands that each of the Stock, Warrant and the
shares of Common Stock underlying the Warrant ("Warrant Shares") is being
offered and sold under an exemption from registration under the Securities Act
of 1933, as amended (the

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"Act"), and offering exemptions contained in the securities laws of other
jurisdictions; that Greenwood is purchasing the Stock and Warrant without being
furnished any offering literature or prospectus of any sort relating to the
Company; that all documents, records and books pertaining to this investment and
the Company have been made available by the Company to Greenwood and Greenwood's
representatives; and that the books and records of the Company will be and have
been available upon reasonable notice for inspection by Greenwood during
reasonable business hours at the Company's offices.

            C. Greenwood understands that neither the Stock, Warrant or Warrant
Shares have been and except as provided otherwise herein or in the Warrant will
not be registered under the Act or any state securities laws, and that in order
to sell or transfer such Stock, Warrant or Warrant Shares, such securities must
either be registered under such laws or an appropriate exemption from
registration must be available. Except as provided herein, the Company does not
intend to, and has not agreed to, register the Stock under any of such laws.

            D. Greenwood is a bona fide resident and domiciliary of the
Commonwealth of Pennsylvania and has no present intention of becoming a resident
or domiciliary of any other jurisdiction.

            E. Greenwood is an Accredited Investor (as defined in Regulation D
under the Act). The term Accredited Investor includes: (i) a corporation not
formed for the specific purpose of acquiring the Stock with total assets in
excess of $5,000,000; or (ii) a corporation with all of the equity owners being
Accredited Investors (as defined in Regulation D under the Act); or (iii) a
broker-dealer registered with the SEC.

            F. Greenwood confirms that Greenwood understands and has fully
considered for purposes of this investment that there are substantial
restrictions on the transferability of the Stock, Warrant and the Warrant Shares
and there will be no established public market for the Stock or Warrant and no
liquidity is present in connection with the Stock or Warrant.

            G. Greenwood has such knowledge and experience in financial and
business matters that Greenwood is capable of evaluating the merits and risks of
an investment in the Stock and of making an informed investment decision.

            H. Greenwood confirms that in making Greenwood's decision to
purchase the Stock and Warrant hereby subscribed for Greenwood has relied solely
upon Greenwood's own independent investigation of the Company and not on any
representations, warranties, or statements made by or on behalf of the Company
(other than those made herein), and that Greenwood has been given

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the opportunity to ask questions of and to receive answers from the Company
concerning the Company, its financial condition and business, and to obtain any
additional information which the Company possesses or can acquire without
unreasonable effort or expense, and Greenwood believes it has received all the
information it considers necessary or appropriate for deciding whether to
purchase the Stock and Warrant.

            I. The Stock and Warrant hereby subscribed for is being acquired by
Greenwood in good faith solely for Greenwood's own account for investment
purposes only and is not being purchased with a view to or for the resale,
distribution, subdivision or fractionalization thereof; Greenwood has no
contract, understanding, undertaking, agreement or arrangement, formal or
informal, with any person to sell, transfer or pledge to any person the Stock or
Warrant for which Greenwood hereby subscribes for or any part thereof; Greenwood
understands that the legal consequences of the foregoing representations and
warranties are that Greenwood must bear the economic risk of an investment in
the Stock and Warrant for an indefinite period of time because the Stock or
Warrant has not been registered under the Act or applicable state securities
laws and therefore cannot be sold unless the Stock or Warrant is subsequently
registered under the Act or applicable state securities laws (which the Company
is not obligated to do) or an exemption from such registration is available.

            J. Greenwood consents to the placement of a legend on the
certificate representing the Stock being purchased by Greenwood, which legend
will be in substantially the following form:

            "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT
            BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
            COMMISSION UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
            OR THE SECURITIES LAWS OF ANY OTHER JURISDICTION. THE
            SALE OR OTHER DISPOSITION OF THESE SHARES IS PROHIBITED
            UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL
            SATISFACTORY TO IT AND ITS COUNSEL THAT SUCH SALE OR
            OTHER DISPOSITION CAN BE MADE WITHOUT REGISTRATION UNDER
            THE SECURITIES ACT OF 1933 AND OTHER APPLICABLE
            STATUTES. BY ACQUIRING THE SHARES REPRESENTED BY THIS
            CERTIFICATE, THE HOLDER OF THIS CERTIFICATE REPRESENTS
            THAT THE HOLDER HAS ACQUIRED THESE SHARES FOR INVESTMENT
            AND THAT THE HOLDER WILL NOT SELL OR OTHERWISE DISPOSE
            OF THESE SHARES WITHOUT REGISTRATION OR OTHER COMPLIANCE
            WITH THE AFORESAID ACTS AND THE RULES AND REGULATIONS
            THEREUNDER."

            K. Greenwood acknowledges and understands that the Company has an
extremely limited operating history. There can be

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no assurance that the Company consistently conduct profitable operations or have
sufficient funds to achieve its business plan. If the Company's business is not
successful, Greenwood may lose all or substantially all of his investment in the
Stock and Warrant.

            L. The execution and delivery of this Agreement, and the
consummation of the transactions contemplated hereby has been duly authorized by
the general partner of Greenwood and no other corporate proceedings on the part
of Greenwood are necessary to authorize this Agreement or to carry out the
transactions contemplated hereby. Greenwood has the right, power and authority
to enter into and perform this Agreement. This Agreement constitutes the valid
and binding agreement of Greenwood, enforceable in accordance with its terms.

         3. Piggyback Registration.

            A. If during the period of time that the Stock is not covered by an
effective registration statement under the Act, the Company proposes to register
(including for this purpose a registration effected by the Company for
shareholders other than Greenwood) any of its Common Stock under the Act in
connection with the public offering of such securities by the Company or the
resale of such securities by any shareholder of the Company (other than a
registration relating solely for the sale of securities to participants in a
Company stock plan or an Employee Benefit Plan as defined in Rule 405 under the
Act, or a registration on Form S-4 promulgated under the Act or any successor or
similar form registering stock issuable upon a reclassification, upon a business
combination involving an exchange of securities or upon an exchange offer for
securities of the issuer or another entity), the Company shall, at such time,
promptly give Greenwood written notice of such registration (a "Piggyback
Registration Statement"). Upon the written request of Greenwood given by fax
within ten (10) days after mailing of such notice by the Company, the Company
shall cause to be included in such registration statement under the Act all of
the Stock that Greenwood has requested to be registered ("Piggyback
Registration"); provided, however, that nothing herein shall prevent the Company
from withdrawing or abandoning such registration statement prior to its
effectiveness.

            B. In the case of a Piggyback Registration pursuant to an
underwritten public offering by the Company, if the managing underwriter
determines and advises in writing that the inclusion in the related Piggyback
Registration Statement of all Stock proposed to be included would interfere with
the successful marketing of the securities proposed to be registered by the
Company, then the number of such Stock to be included in such Piggyback
Registration Statement, to the extent any such Stock may be included in such
Piggyback Registration Statement, shall be subject to cutback. If required by
the managing underwriter of such an underwritten public

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offering, Greenwood shall enter into an agreement limiting the number of Stock
to be included in such Piggyback Registration Statement and the terms, if any,
regarding the future sale of any such Stock.

            C. The Piggyback Registration rights granted herein shall be
effective from and after the date hereof and until the earlier of (i) all of the
Stock has been sold or transferred by Greenwood, or (ii) all of such Stock can
be resold by Greenwood pursuant to Rule 144(k) promulgated under the Act, or
(iii) July 31, 2005. For purposes of subsection (i) of the prior sentence, the
transfer or sale of the Stock by Greenwood to a limited partner shall not
constitute a sale or transfer and the limited partner shall be entitled to all
of the Piggyback Registration rights granted to and subject to all of the
obligations of Greenwood set forth in this Section 3.

         4. Transferability of Subscription. Greenwood agrees not to transfer or
assign this Subscription Agreement, or any of the undersigned's interest herein.
Greenwood agrees that subject to the terms hereof, Greenwood shall not cancel,
terminate or revoke this Subscription Agreement.

         5. Survival of Representations, Warranties, Covenants, Agreements and
Remedies. Except as specifically provided otherwise herein, all representations,
warranties, covenants, agreements and remedies of the parties hereto, shall
survive the date hereof.

         6. Entire Agreement. This Agreement constitutes the entire
understanding and agreement between the parties hereto with respect to the
transactions contemplated herein, supersedes all prior and contemporaneous
agreements, understandings, negotiations and discussions, whether oral or
written, of the parties, and there have been no warranties, representations or
promises, written or oral, made by any of the parties hereto except as herein
expressly set forth herein.

         7. Binding Agreement. This Agreement shall be binding upon and inure to
the benefit of the parties hereto, as well as their respective heirs, personal
representatives, successors and assigns but no party may assign its obligations
hereunder.

         8. Waiver, Modification, etc.. Any party to this Agreement may waive
any of the terms or conditions of this Agreement or agree to an amendment or
modification to this Agreement by an agreement in writing executed in the same
manner as this Agreement. No amendment or modification of this Agreement shall
be binding unless in writing executed by the party amending or waiving such term
or condition of this Agreement. No waiver of any of the provisions of this
Agreement shall be deemed or shall constitute a waiver of any

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other provision hereof (whether or not similar), nor shall any waiver constitute
a continuing waiver unless otherwise expressly provided.

         9. Notice. Any notice or other communications required or permitted
hereunder shall be sufficiently given if sent by certified mail, return receipt
requested, postage prepaid, or by an established overnight delivery service,
addressed as follows:

            If to the Company:

                           Moro Corporation
                           Bala Pointe, Suite 240
                           111 Presidential Boulevard
                           Bala Cynwyd, Pennsylvania 19004
                           Attn: David W. Menard, Chief Executive Officer

            If to Greenwood:

                           Greenwood Partners, L.P.
                           261 Old York Road
                           Suite 831
                           Jenkintown, PA 19046

         10. Delaware Law Controls. This Agreement shall be construed in
accordance with and shall be governed by the laws of the State of Delaware
without regard to its conflicts of law rules.

         IN WITNESS WHEREOF, each of the undersigned, intending to be legally
bound hereby, has executed this Subscription Agreement as of the date set forth
above.

                                         GREENWOOD PARTNERS, L.P.

                                         By: /s/ Matthew Kelly
                                             ------------------------------
                                             Name:
                                             Title:

                                         MORO CORPORATION

                                         By: /s/ David W. Menard
                                             ------------------------------
                                             David W. Menard,
                                             Chief Executive Officer

                                        6<PAGE>

THESE WARRANTS AND THE COMMON STOCK ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAW. THESE WARRANTS AND THE COMMON STOCK ISSUABLE UPON THE EXERCISE
HEREOF MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF A REGISTRATION STATEMENT IN EFFECT UNDER SUCH ACT AND SUCH LAWS WITH RESPECT
TO THESE WARRANTS AND THE COMMON STOCK ISSUABLE UPON THE EXERCISE HEREOF, OR AN
OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
REQUIRED.

WARRANT CERTIFICATE                                100,000 COMMON STOCK WARRANTS
NO. W-1

                                MORO CORPORATION

                              COMMON STOCK WARRANTS

                  (These Warrants will be void if not exercised
                    by the Termination Date specified below.)

         1. Warrants. Subject to the terms and conditions hereof, this certifies
that GREENWOOD PARTNERS, L.P., a Delaware limited partnership, is the owner of
100,000 Warrants (the "Warrants") of Moro Corporation, a Delaware corporation
(the "Company"). Each Warrant entitles the holder hereof to purchase from the
Company at any time prior to 5:00 p.m. on July 31, 2003 (the "Termination
Date"), one fully paid and non-assessable share of the Company's Common Stock,
$.001 par value (the "Common Stock"), subject to adjustment as provided in
Section 8 hereof.

         2. Warrant Price.

            a. The Warrants shall be exercised by delivery to the Company (prior
to the Termination Date) of the Warrant price for each share of Common Stock
being purchased hereunder (the "Warrant Price"), this Certificate, and the
completed Election To Purchase Form which is attached hereto. The Warrant Price
shall be $.75 per share of Common Stock. The Warrant Price shall be subject to
adjustment as provided in Section 8 hereof. Except as provided in subsection b.,
the Warrant Price is payable either in cash or by certified check or bank draft
payable to the order of the Company.

            b. In the event that at any time prior to the Termination Date, the
shares of Common Stock required to be issued upon the exercise of this Warrant
are not covered by an effective registration statement under the Securities Act
of 1933, as amended ("Act"), then in lieu of exercising this Warrant in the
manner set forth in subparagraph a. above, the Warrant may be exercised by
surrender of the Warrant without payment of any other consideration, commission
or remuneration, by execution of the

<PAGE>

Cashless Exercise Subscription Form attached to this Warrant, duly executed. The
number of shares to be issued in exchange for the Warrant will be computed by
subtracting the Warrant Price from the average closing bid price of the Common
Stock for the five trading days immediately prior to the date of receipt of the
Cashless Exercise Subscription Form, multiplying that amount by the number of
shares represented by the Warrant, and dividing by such average closing bid
price.

         The Company agrees that the shares of Common Stock issued under this
Warrant upon a cashless exercise pursuant to this subparagraph b. shall be and
are deemed to have been issued to Greenwood as the record owner of such shares
as of the close of business on the date on which this Warrant shall have issued,
as no further payment or consideration is required to be made (other than the
surrender of this Warrant) for such shares of Common Stock as provided herein.

         3. Exercise. Upon the surrender of this Certificate and payment of the
Warrant Price as aforesaid, the Company shall issue and cause to be delivered
with all reasonable dispatch to or upon the written order of the registered
holder of this Warrant and in such name or names as the registered holder may
designate, a certificate or certificates for the number of full shares of Common
Stock so purchased upon the exercise of any Warrant. Such certificate or
certificates shall be deemed to have been issued and any person so designated to
be named therein shall be deemed to have become a holder of record of such
Common Stock on and as of the date of the delivery to the Company of this
Certificate and payment of the Warrant Price as aforesaid. If, however, at the
date of surrender of this Certificate and payment of such Warrant Price, the
transfer books for the Common Stock purchasable upon the exercise of any Warrant
shall be closed, the certificates for the Common Stock in respect to which any
such Warrant are then exercised shall be issued and the owner of such Common
Stock shall become a record owner of such Common Stock on and as of the next
date on which such books shall be opened, and until such date the Company shall
be under no duty to deliver any certificate for such Common Stock.

         4. Partial Exercise. The rights of purchase represented by the Warrants
shall be exercisable, at the election of the registered holder hereof, either as
an entirety, or from time to time for any part of the Common Stock specified
herein and, in the event that the Warrants are exercised with respect to less
than all of the Common Stock specified herein at any time prior to the
Termination Date, a new Certificate will be issued to such registered holder for
the remaining number of Warrants not so exercised.

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         5. Termination Date. All of the Warrants must be exercised in
accordance with the terms hereof prior to the Termination Date. At and after the
Termination Date any and all unexercised rights hereunder shall become null and
void and all such unexercised Warrants shall without any action on behalf of the
Company become null and void.

         6. Piggyback Registration.

            a. If during the period of time that the Common Stock underlying
this Warrant ("Stock") is not covered by an effective registration statement
under the Act, the Company proposes to register (including for this purpose a
registration effected by the Company for shareholders other than Greenwood) any
of its Common Stock under the Act in connection with the public offering of such
securities by the Company or the resale of such securities by any shareholder of
the Company (other than a registration relating solely for the sale of
securities to participants in a Company stock plan or an Employee Benefit Plan
as defined in Rule 405 under the Act, or a registration on Form S-4 promulgated
under the Act or any successor or similar form registering stock issuable upon a
reclassification, upon a business combination involving an exchange of
securities or upon an exchange offer for securities of the issuer or another
entity), the Company shall, at such time, promptly give Greenwood written notice
of such registration (a "Piggyback Registration Statement"). Upon the written
request of Greenwood given by fax within ten (10) days after mailing of such
notice by the Company, the Company shall cause to be included in such
registration statement under the Act all of the Stock that Greenwood has
requested to be registered ("Piggyback Registration"); provided, however, that
nothing herein shall prevent the Company from withdrawing or abandoning such
registration statement prior to its effectiveness.

            b. In the case of a Piggyback Registration pursuant to an
underwritten public offering by the Company, if the managing underwriter
determines and advises in writing that the inclusion in the related Piggyback
Registration Statement of all Stock proposed to be included would interfere with
the successful marketing of the securities proposed to be registered by the
Company, then the number of such Stock to be included in such Piggyback
Registration Statement, to the extent any such Stock may be included in such
Piggyback Registration Statement, shall be subject to cutback. If required by
the managing underwriter of such an underwritten public offering, Greenwood
shall enter into an agreement limiting the number of Stock to be included in
such Piggyback Registration Statement and the terms, if any, regarding the
future sale of any such Stock.

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            c. The piggyback registration rights granted herein shall be
effective from and after the date hereof and until the earlier of (i) all of the
Stock has been sold or transferred by Greenwood or (ii) all of such Stock can be
resold by Greenwood pursuant to Rule 144(k) promulgated under the Act or (iii)
July 31, 2005. For purposes of subsection (i) of the prior sentence, the
transfer or sale of the Stock by Greenwood to a limited partner shall not
constitute a sale or transfer and the limited partner shall be entitled to all
of the Piggyback Registration rights granted to and subject to all of the
obligations of Greenwood set forth in this Section 6.

         7. Lost, Mutilated Certificate. In case this Common Stock Warrant
Certificate shall become mutilated, lost, stolen or destroyed, the Company shall
issue in exchange and substitution for and upon cancellation of the mutilated
certificate, or in lieu of and in substitution for the Certificate lost, stolen,
or destroyed, a new Certificate of like tenor and representing an equivalent
right or interest, but only upon receipt of evidence satisfactory to the Company
of such loss, theft or destruction of such certificate and indemnity, if
requested, also satisfactory to the Company.

         8. Adjustments. Subject and pursuant to the provisions of this Section
8, the Warrant Price and number of shares of Common Stock subject to the
Warrants shall be subject to adjustment from time to time only as set forth
hereinafter:

            a. In case the Company shall declare a Common Stock dividend on the
Common Stock, then the Warrant Price shall be proportionately decreased as of
the close of business on the date of record of said Common Stock dividend in
proportion to such increase of outstanding shares of Common Stock.

            b. If the Company shall at any time subdivide its outstanding Common
Stock by recapitalization, reclassification or split-up thereof, the Warrant
Price immediately prior to such subdivision shall be proportionately decreased,
and, if the Company shall at any time combine the outstanding shares of Common
Stock by recapitalization, reclassification, or combination thereof, the Warrant
Price immediately prior to such combination shall be proportionately increased.
Any such adjustment to the Warrant Price shall become effective at the close of
business on the record date for such subdivision or combination. The Warrant
Price shall be proportionately increased or decreased, as the case may be, in
proportion to such increase or decrease, as the case may be, of outstanding
shares of Common Stock.

            c. Upon any adjustment of the Warrant Price as hereinabove provided,
the number of shares of Common Stock issuable upon exercise of the Warrants
remaining unexercised immediately

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prior to any such adjustment, shall be changed to the number of shares
determined by dividing (i) the appropriate Warrant Price payable for the
purchase of all shares of Common Stock issuable upon exercise of all of the
Warrants remaining unexercised immediately prior to such adjustment by (ii) the
Warrant Price per share of Common Stock in effect immediately after such
adjustment. Pursuant to this formula, the total sum payable to the Company upon
the exercise of the Warrants remaining unexercised immediately prior to such
adjustment shall remain constant.

            d. (i) If any capital reorganization or reclassification of the
capital stock of the Company, or consolidation or merger of the Company with
another corporation, person, or entity, or the sale of all or substantially all
of its assets to another corporation, person, or entity, shall be effected in
such a way that holders of Common Stock shall be entitled to receive stock,
securities, cash, property, or assets with respect to or in exchange for Common
Stock, and provided no election is made by the Company pursuant to subsection
(ii) hereof, then, as a condition of such reorganization, reclassification,
consolidation, merger or sale, the Company or such successor or purchasing
corporation, person, or entity, as the case may be, shall agree that the
registered holder of the Warrants shall have the right thereafter and until the
Termination Date to exercise such Warrants for the kind and amount of stock,
securities, cash, property, or assets receivable upon such reorganization,
reclassification, consolidation, merger, or sale by a holder of the number of
shares of Common Stock for the purchase of which such Warrants might have been
exercised immediately prior to such reorganization, reclassification,
consolidation, merger or sale, subject to such subsequent adjustments which
shall be equivalent or nearly equivalent as may be practicable to the
adjustments provided for in this Section 8.

               (ii) Notwithstanding subsection (i) hereof and in lieu thereof,
the Company may elect by written notice to the registered holder hereof, to
require such registered holder to exercise all of the Warrants remaining
unexercised prior to any such reorganization, reclassification, consolidation,
merger or sale. If the holder of this Warrant shall not exercise all or any part
of the Warrants remaining unexercised prior to such event, such unexercised
Warrants shall automatically become null and void upon the occurrence of any
such event, and of no further force and effect. The Common Stock issued pursuant
to any such exercise shall be deemed to be issued and outstanding immediately
prior to any such event, and shall be entitled to be treated as any other issued
and outstanding share of Common Stock in connection with such event. If an
election is not made by the Company pursuant to this subsection (ii) in
connection with any such event, then the provisions of subsection (i) hereof
shall apply to such event.

                                       5

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            e. Whenever the Warrant Price and number of shares of Common Stock
subject to this Warrant is adjusted as herein provided, the Company shall
promptly mail to the registered holder of this Warrant a statement signed by an
officer of the Company setting forth the adjusted Warrant Price and the number
of shares of Common Stock subject to this Warrant, determined as so provided.

            f. This form of Certificate need not be changed because of any
adjustment which is required pursuant to this Section 8. However, the Company
may at any time in its sole discretion (which shall be conclusive) make any
change in the form of this Certificate that the Company may deem appropriate and
that does not affect the substance hereof; and any Certificate thereafter
issued, whether in exchange or substitution for this Certificate or otherwise,
may be in the form as so changed.

         9. Reservation. There has been reserved, and the Company shall at all
times keep reserved out of the authorized and unissued shares of Common Stock, a
number of shares of Common Stock sufficient to provide for the exercise of the
right of purchase represented by the Warrants. The Company agrees that all
shares of Common Stock issued upon exercise of the Warrants shall be, at the
time of delivery of the Certificates for such Common Stock, validly issued and
outstanding, fully paid and non-assessable.

         10. Fractional Shares. The Company shall not issue any fractional
shares of Common Stock pursuant to any exercise of any Warrant and shall pay
cash to the holder of any Warrant in lieu of any such fractional shares.

         11. No Right. The holder of any Warrants shall not be entitled to any
of the rights of a shareholder of the Company prior to the date of issuance of
the Common Stock by the Company pursuant to an exercise of any Warrant.

         12. Securities Laws. As a condition to the issuance of any Common Stock
pursuant to the Warrants, the holder of such Common Stock shall execute and
deliver such representations, warranties, and covenants, that may be required by
applicable federal and state securities law, or that the Company determines is
reasonably necessary in connection with the issuance of such Common Stock. In
addition, the certificates representing the Common Stock shall contain such
legends, or restrictive legends, or stop transfer instructions, as shall be
required by applicable Federal or state securities laws, or as shall be
reasonably required by the Company or its transfer agent.

         13. Applicable Law. The Warrants and this Certificate shall be deemed
to be a contract made under the laws of the State of Delaware and for all
purposes shall be construed in accordance with the laws thereof regardless of
its choice of law rules.

                                       6

<PAGE>

         IN WITNESS WHEREOF, MORO CORPORATION, has executed and delivered this
Warrant Certificate as of the date written below.

                                                MORO CORPORATION

                                            By: /s/ David W. Menard
                                                -----------------------------
                                                David W. Menard,
                                                Chief Executive Officer

Dated: August 1, 2000

                                        7

<PAGE>

Moro Corporation
Suite 240, Bala Pointe Office Centre
111 Presidential Boulevard
Bala Cynwyd, PA 19004
Attn. David W. Menard,
Chief Executive Officer

                              ELECTION TO PURCHASE

         The undersigned hereby irrevocably elects to exercise the right of
purchase represented by the attached Warrant Certificate No. ______ of the
Company. The undersigned desires to purchase ____ shares of Common Stock
provided for therein and tenders herewith full payment of the Warrant Price for
the shares of Common Stock being purchased, all in accordance with the
Certificate. The undersigned requests that a Certificate representing such
shares of Common Stock shall be issued to and registered in the name of, and
delivered to, the undersigned at the following address: _______________________
_______________________________________________________________________________
________. If said number of shares of Common Stock shall not be all the shares
purchasable under the Certificate, then a new Common Stock Warrant Certificate
for the balance remaining of the shares of Common Stock purchasable shall be
issued to and registered in the name of, and delivered to, the undersigned at
the address set forth above.

Dated:             , 20                       Signature:
      -------------    --                               -----------------------

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