Document:

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                                                                    Exhibit 10.2
Registration Rights Agreement Between MediaX Corp. and CTI II
             Limited

                          REGISTRATION RIGHTS AGREEMENT

               THIS REGISTRATION RIGHTS AGREEMENT, dated as of December 6, 2000,
and is entered into by and between CTI II Limited, a corporation organized and
existing under the laws of Bermuda (the "Investor"), and MediaX Corporation, a
Nevada corporation (the "Company"). Terms not defined herein shall have the
meanings ascribed to them in the Purchase Agreement (as defined below).

               WHEREAS, simultaneously with the execution and delivery of this
Agreement, the Investor is purchasing from the Company, pursuant to a Securities
Purchase Agreement dated the date hereof (the "Purchase Agreement"), 1,059,322
shares of Series A Convertible Preferred Stock of the Company;

               WHEREAS, simultaneously with the execution and delivery of this
Agreement, the Investor is receiving from the Company a Stock Purchase Warrant
dated the date hereof pursuant to which Investor shall have the right to
purchase up to 1,059,322 shares of Common Stock of the Company (the "Warrant");
and

               WHEREAS, the Company desires to grant to the Investor the
registration rights set forth herein with respect to 1,059,322 shares of Common
Stock issuable upon conversion of the Series A Preferred Stock and 1,059,322
shares of Common Stock issuable upon exercise of the Warrant (and such
indeterminate number of additional shares of Common Stock as may be issued
pursuant to certain the anti-dilution adjustments set forth in the Company's
Certificate of Designation with respect to the Series A Preferred Stock and
Common Stock issuable upon exercise of the Warrant ("Additional Securities"))
(collectively hereinafter referred to as the "Stock" or "Securities" of the
Company).

               NOW, THEREFORE, the parties hereto mutually agree as follows:

               Section 1. Registrable Securities. As used herein the term
"Registrable Security" means the Securities until (i) the Registration Statement
has been declared effective by the SEC, and all Securities have been disposed of
pursuant to the Registration Statement, (ii) all Securities have been sold under
circumstances under which all of the applicable conditions of Rule 144 (or any
similar provision then in force) under the Securities Act ("Rule 144") are met,
or (iii) all Securities have been otherwise transferred to holders who may trade
such Securities without restriction under the Securities Act, and the Company
has delivered a new certificate or other evidence of ownership for such
Securities not bearing a restrictive legend. The term "Registrable Securities"
means any and/or all of the securities falling within the foregoing definition
of a "Registrable Security." In the event of any merger, reorganization,
consolidation, recapitalization or other change in corporate structure affecting
the Common Stock, such adjustment shall be deemed to be made in the
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definition of "Registrable Security" as is appropriate in order to prevent any
dilution or enlargement of the rights granted pursuant to this Agreement.

               Section 2. Restrictions on Transfer. Investor acknowledges and
understands that prior to the registration of the Securities as provided herein,
the Securities are "restricted securities" as defined in Rule 144 promulgated
under the Act. Investor understands that no disposition or transfer of the
Securities may be made by Investor in the absence of (i) an opinion of counsel
to the Investor, in form and substance reasonably satisfactory to the Company,
that such transfer may be made without registration under the Securities Act,
pursuant to Regulation S or another exemption, or (ii) registration under the
Securities Act.

                      With a view to making available to the Investor the
benefits of Rule 144 under the Securities Act or any other similar rule or
regulation of the SEC that may at any time permit the Investor to sell
securities of the Company to the public without registration ("Rule 144"), the
Company agrees and acknowledges that the Company currently is, and will remain:

                      (a) in compliance with the provisions of paragraph (c)(1)
of Rule 144; and

                      (b) filing with the SEC in a timely manner all reports and
other documents required to be filed with the SEC pursuant to Section 13 or
15(d) under the Exchange Act by companies subject to either of such sections,
irrespective of whether the Company is then subject to such reporting
requirements.

               Section 3. Registration Rights With Respect to the Securities.

                      (a) The Company agrees that it will prepare and file with
the SEC, within thirty (30) days after the date hereof, a registration
statement(s) (on Form S-1, S-3, SB-2, or other appropriate form of registration
statement) under the Securities Act (the "Registration Statement"), at the sole
expense of the Company (except as provided in Section 3(d) hereof), so as to
permit a public offering and resale of the Securities under the Securities Act
by the Investor.

               The Company shall use its best efforts to cause the Registration
Statement to become effective within sixty (60) days from the date hereof, or,
if earlier, within five (5) days of SEC clearance of the Company's request for
acceleration of effectiveness. The number of shares designated in the
Registration Statement to be registered shall be all of the Securities and the
shares of Common Stock otherwise owned by Investor on the filing date. The
Company will immediately notify Investor of the effectiveness of the
Registration Statement(s).

                      (b) In case the Company shall receive from Investor a
written request that the Company effect a registration, qualification or
compliance with respect to shares of Securities not previously registered
pursuant to this Agreement, for any reason, the Company will, within sixty (60)
days, use its best efforts to effect such registration,
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qualification or compliance (including, without limitation, appropriate
qualification under applicable blue sky or other state securities laws and
appropriate compliance with applicable regulations issued under the Securities
Act and any other governmental requirements or regulations) as may be so
requested and as would permit or facilitate the sale and distribution of all or
such portion of such Securities as are specified in such request.

                      (c) The Company will maintain the Registration Statement
or post-effective amendment filed under this Section 3 effective under the
Securities Act until the earlier of the date that (i) none of the Securities
covered by such Registration Statement are or may become issued and outstanding,
(ii) all of the Securities have been sold pursuant to such Registration
Statement, or (iii) all Securities have been otherwise transferred to persons
who may trade such shares without restriction under the Securities Act, and the
Company has delivered a new certificate or other evidence of ownership for such
securities not bearing a restrictive legend (the "Effectiveness Period").

                      (d) All fees, disbursements and out-of-pocket expenses and
costs incurred by the Company and the Investor in connection with the
preparation and filing of the Registration Statement pursuant to this Agreement
and in complying with applicable securities and Blue Sky laws (including,
without limitation, all attorneys' fees of the Company) shall be borne by the
Company. The Investor shall only bear the cost of underwriting and/or brokerage
discounts, fees and commissions, if any, applicable to the Securities being
registered. The Investor and its counsel shall have a reasonable period, not to
exceed ten (10) Trading Days, to review and revise the proposed Registration
Statement or any amendment thereto, prior to filing with the SEC, and the
Company shall provide Investor with copies of any comment letters received from
the SEC with respect thereto, as well as any correspondence from the Company or
its counsel or accountants to the SEC, including in all instances, all exhibits,
attachments and references thereto, within two (2) Trading Days of receipt or
transmittal thereof. The Company shall qualify any of the Securities in such
states as Investor reasonably designates and shall furnish indemnification in
the manner provided in Section 6 hereof. The Company at its expense will supply
the Investor with copies of the applicable Registration Statement and the
prospectus included therein and other related documents in such quantities as
may be reasonably requested by the Investor.

                      (e)(i) If the Registration Statement shall not have become
effective, for any reason, within sixty (60) days from the date hereof (the
"Effectiveness Target"), each holder of Registrable Securities shall have the
right to have all or any portion of the Registrable Securities held thereby
repurchased by the Company (such right being referred to herein as the "Put
Right") at a price per share equal to the higher of (i) the average closing sale
price for a share of the Company's Common Stock as listed on the
over-the-counter bulletin board of the National Association of Securities
Dealers for the 10 consecutive Trading Days immediately preceding the
Effectiveness Target or (ii) the original purchase price of such Registrable
Securities (such average sale price being referred to herein as the "Stipulated
Price").
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                      (ii) The Put Right shall be exercisable by each holder of
Registrable Securities (the "Selling Holder") by delivering written notice
thereof (the "Put Notice") to the Company by no later than 30 days after the
Effectiveness Target. Each Put Notice shall indicate the number of shares of
Registrable Securities to be repurchased and the date on which the repurchase is
to be effected, which date shall be no less than 5 and no more than 15 business
days after the date of the Put Notice.

                      (iii) On the applicable repurchase date, (A) the Selling
Holder shall deliver to the Company the certificate or certificates evidencing
the shares of stock indicated in the Put Notice, (B) the Company shall pay to
the Selling Holder, by cashier's check or wire transfer in immediately available
funds, an amount equal to the Stipulated Share Price multiplied by the number of
shares tendered; and (C) if the certificate or certificates tendered shall not
include all of the Registrable Securities then held by the Selling Holder, the
Company shall instruct its transfer agent in writing to issue a new certificate
evidencing the remaining Registrable Securities held by such Selling Holder as
promptly as practicable (and in any event within 3 business days) after the
Repurchase Date and the Company shall provide the Selling Holder with a copy of
such written instructions.

                      (iv) Nothing in this Section 3(e), nor any exercise of the
Put Right contemplated hereby, shall in any way affect Company's obligations to
register the Registrable Securities in accordance with this Section 3.

                      (f) Nothing contained in this Agreement, including
registration of the Securities, shall require or obligate the Investor to take
any action with respect to the Securities, including conversion, exercise or
disposition thereof.

               Section 4. Cooperation with Company. The Investor will cooperate
with the Company in all respects in connection with this Agreement, including
timely supplying all information reasonably requested by the Company (which
shall include all information regarding the Investor and proposed manner of sale
of the Registrable Securities required to be disclosed in any Registration
Statement) and executing and returning all documents reasonably requested in
connection with the registration and sale of the Registrable Securities and
entering into and performing their obligations under any underwriting agreement,
if the offering is an underwritten offering, in usual and customary form, with
the managing underwriter or underwriters of such underwritten offering, subject
to the prior approval of counsel to the Investor. Nothing in this Agreement
shall obligate any Investor to consent to be named as an underwriter in any
Registration Statement. The obligation of the Company to register the
Registrable Securities shall be absolute and unconditional as to those
Securities which the SEC will permit to be registered without naming the
Investor as underwriters. Any delay or delays caused by the Investor by failure
to cooperate as required hereunder shall not constitute a default.

               Section 5. Registration Procedures. If and whenever the Company
is required by any of the provisions of this Agreement to effect the
registration of any of the Registrable Securities under the Act, the Company
shall (except as otherwise provided in this Agreement), as expeditiously as
possible, subject to the Investor's assistance and cooperation as reasonably
required with respect to each Registration Statement:

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                      (a) (i)prepare and file with the SEC such amendments and
supplements to the Registration Statement and the prospectus used in connection
therewith as may be necessary to keep such Registration Statement effective and
to comply with the provisions of the Securities Act with respect to the sale or
other disposition of all securities covered by such registration statement
whenever the Investor shall desire to sell or otherwise dispose of the same
(including prospectus supplements with respect to the sales of securities from
time to time in connection with a registration statement pursuant to Rule 415
promulgated under the Act) and (ii) take all lawful action such that each of (A)
the Registration Statement and any amendment thereto does not, when it becomes
effective, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not
misleading and (B) the prospectus forming part of the Registration Statement,
and any amendment or supplement thereto, does not at any time during the
Registration Period include an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading;

                      (b) (i)prior to the filing with the SEC of any
Registration Statement (including any amendments thereto) and the distribution
or delivery of any prospectus (including any supplements thereto), provide draft
copies thereof to the Investor as required by Section 3(c) and reflect in such
documents all such comments as the Investor (and their counsel) reasonably may
propose and (ii) furnish to each Investor such numbers of copies of a prospectus
including a preliminary prospectus or any amendment or supplement to any
prospectus, as applicable, in conformity with the requirements of the Securities
Act, and such other documents, as such Investor may reasonably request in order
to facilitate the public sale or other disposition of the securities owned by
such Investor;

                      (c) register and qualify the Registrable Securities
covered by the Registration Statement under such other securities or Blue Sky
laws of such jurisdictions as the Investor shall reasonably request (subject to
the limitations set forth in Section 3(c) above), and do any and all other acts
and things which may be necessary or advisable to enable each Investor to
consummate the public sale or other disposition in such jurisdiction of the
securities owned by such Investor;

                      (d) list such Registrable Securities on the Principal
Market, if the listing of such Registrable Securities is then permitted under
the rules of such Principal Market and provide copies of all correspondence to
or from such Principal Market to Investor;

                      (e) notify each Investor at any time when a prospectus
relating thereto covered by the Registration Statement is required to be
delivered under the Securities Act, of the happening of any event of which it
has knowledge as a result of which the prospectus included in the Registration
Statement, as then in effect, includes an untrue statement of a material fact or
omits to state a material fact required to be stated therein or necessary to
make the statements therein not misleading in the light of the circumstances

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then existing, and the Company shall prepare and file a curative amendment under
Section 5(a) hereof as quickly as commercially possible;

                      (f) as promptly as practicable after becoming aware of
such event, notify each Investor who holds Registrable Securities being sold
(and, in the event of an underwritten offering, the managing underwriters) of
the issuance by the SEC of any stop order or other suspension of the
effectiveness of the Registration Statement at the earliest possible time and
take all lawful action to effect the withdrawal, recession or removal of such
stop order or other suspension;

                      (g) cooperate with the Investor to facilitate the timely
preparation and delivery of certificates for the Registrable Securities to be
offered pursuant to the Registration Statement and enable such certificates for
the Registrable Securities to be in such denominations or amounts, as the case
may be, as the Investor reasonably may request and registered in such names as
the Investor may request; and, within three (3) Trading Days after a
Registration Statement which includes Registrable Securities is declared
effective by the SEC, deliver and cause legal counsel selected by the Company to
deliver to the transfer agent for the Registrable Securities (with copies to the
Investor) an appropriate instruction and, to the extent necessary, an opinion of
such counsel;

                      (h) take all such other lawful actions reasonably
necessary to expedite and facilitate the disposition by the Investor of their
Registrable Securities in accordance with the intended methods therefor provided
in the prospectus which are customary for issuers to perform under the
circumstances;

                      (i) in the event of an underwritten offering, promptly
include or incorporate in a prospectus supplement or post-effective amendment to
the Registration Statement such information as the managers reasonably agree
should be included therein and to which the Company does not reasonably object
and make all required filings of such prospectus supplement or post-effective
amendment as soon as practicable after it is notified of the matters to be
included or incorporated in such Prospectus supplement or post-effective
amendment; and

                      (j) maintain a transfer agent and registrar for its Common
Stock.

               Section 6. Indemnification.

                      (a) To the maximum extent permitted by law, the Company
agrees to indemnify and hold harmless the Investor and each person, if any, who
controls an Investor within the meaning of the Securities Act (each a
"Distributing Investor") against any losses, claims, damages or liabilities,
joint or several (which shall, for all purposes of this Agreement, include, but
not be limited to, all reasonable costs of defense and investigation and all
reasonable attorneys' fees and expenses), to which the Distributing Investor may
become subject, under the Securities Act or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon any untrue statement or alleged untrue statement of any material
fact contained in any
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Registration Statement, or any related final prospectus or amendment or
supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading; provided, however, that
the Company will not be liable in any such case to the extent, and only to the
extent, that any such loss, claim, damage or liability arises out of or is based
upon an untrue statement or alleged untrue statement or omission or alleged
omission made in such Registration Statement, preliminary prospectus, final
prospectus or amendment or supplement thereto in reliance upon, and in
conformity with, written information furnished to the Company by the
Distributing Investor, its counsel or affiliates, specifically for use in the
preparation thereof, which written information is not subsequently modified to
correct any untrue statement or omission. This indemnity agreement will be in
addition to any liability which the Company may otherwise have.

                      (b) To the maximum extent permitted by law, each
Distributing Investor agrees that it will indemnify and hold harmless the
Company, and each officer and director of the Company or person, if any, who
controls the Company within the meaning of the Securities Act, against any
losses, claims, damages or liabilities (which shall, for all purposes of this
Agreement, include, but not be limited to, all reasonable costs of defense and
investigation and all reasonable attorneys' fees and expenses) to which the
Company or any such officer, director or controlling person may become subject
under the Securities Act or otherwise, insofar as such losses, claims, damages
or liabilities (or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of any material fact contained
in any Registration Statement, or any related final prospectus or amendment or
supplement thereto, or arise out of or are based upon the omission or the
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, but in each case
only to the extent that such untrue statement or alleged untrue statement or
omission or alleged omission was made in such Registration Statement, final
prospectus or amendment or supplement thereto in reliance upon, and in
conformity with, written information furnished to the Company by such
Distributing Investor, its counsel or affiliates, specifically for use in the
preparation thereof, which written information is not subsequently modified to
correct any untrue statement or omission. This indemnity agreement will be in
addition to any liability which the Distributing Investor may otherwise have.
Notwithstanding anything to the contrary herein, the Distributing Investor shall
be liable under this Section 6(b) for only that amount as does not exceed the
net proceeds to such Distributing Investor as a result of the sale of
Registrable Securities pursuant to the Registration Statement.

                      (c) Promptly after receipt by an indemnified party under
this Section 6 of notice of the commencement of any action against such
indemnified party, such indemnified party will, if a claim in respect thereof is
to be made against the indemnifying party under this Section 6, notify the
indemnifying party in writing of the commencement thereof; but the omission to
so notify the indemnifying party will not relieve the indemnifying party from
any liability which it may have to any indemnified party except to the extent
the failure of the indemnified party to provide such written notification
actually prejudices the ability of the indemnifying party to defend such action.
In case any such action is brought against any indemnified party, and it
notifies the indemnifying party of the

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commencement thereof, the indemnifying party will be entitled to participate in,
and, to the extent that it may wish, jointly with any other indemnifying party
similarly notified, assume the defense thereof, subject to the provisions herein
stated and after notice from the indemnifying party to such indemnified party of
its election to so assume the defense thereof, the indemnifying party will not
be liable to such indemnified party under this Section 6 for any legal or other
expenses subsequently incurred by such indemnified party in connection with the
defense thereof other than reasonable costs of investigation, unless the
indemnifying party shall not pursue the action to its final conclusion. The
indemnified parties as a group shall have the right to employ one separate
counsel in any such action and to participate in the defense thereof, but the
fees and expenses of such counsel shall not be at the expense of the
indemnifying party if the indemnifying party has assumed the defense of the
action with counsel reasonably satisfactory to the indemnified party unless (i)
the employment of such counsel has been specifically authorized in writing by
the indemnifying party, or (ii) the named parties to any such action (including
any impleaded parties) include both the indemnified party and the indemnifying
party and the indemnified party shall have been advised by its counsel that
there may be one or more legal defenses available to the indemnifying party
different from or in conflict with any legal defenses which may be available to
the indemnified party or any other indemnified party (in which case the
indemnifying party shall not have the right to assume the defense of such action
on behalf of such indemnified party, it being understood, however, that the
indemnifying party shall, in connection with any one such action or separate but
substantially similar or related actions in the same jurisdiction arising out of
the same general allegations or circumstances, be liable only for the reasonable
fees and expenses of one separate firm of attorneys for the indemnified party,
which firm shall be designated in writing by the indemnified party). No
settlement of any action against an indemnified party shall be made without the
prior written consent of the indemnified party, which consent shall not be
unreasonably withheld so long as such settlement includes a full release of
claims against the indemnified party.

               All fees and expenses of the indemnified party (including
reasonable costs of defense and investigation in a manner not inconsistent with
this Section and all reasonable attorneys' fees and expenses) shall be paid to
the indemnified party, as incurred, within ten (10) Trading Days of written
notice thereof to the indemnifying party (regardless of whether it is ultimately
determined that an indemnified party is not entitled to indemnification
hereunder; provided, that the indemnifying party may require such indemnified
party to undertake to reimburse all such fees and expenses to the extent it is
finally judicially determined that such indemnified party is not entitled to
indemnification hereunder).

               Section 7. Contribution. In order to provide for just and
equitable contribution under the Securities Act in any case in which (i) the
indemnified party makes a claim for indemnification pursuant to Section 6 hereof
but is judicially determined (by the entry of a final judgment or decree by a
court of competent jurisdiction and the expiration of time to appeal or the
denial of the last right of appeal) that such indemnification may not be
enforced in such case notwithstanding the fact that the express provisions of
Section 6 hereof provide for indemnification in such case, or (ii) contribution
under the Securities Act may be required on the part of any indemnified party,
then the Company and the applicable Distributing Investor shall contribute to
the aggregate losses, claims, damages or liabilities

<PAGE>   9

to which they may be subject (which shall, for all purposes of this Agreement,
include, but not be limited to, all reasonable costs of defense and
investigation and all reasonable attorneys' fees and expenses), in either such
case (after contribution from others) on the basis of relative fault as well as
any other relevant equitable considerations. The relative fault shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to state
a material fact relates to information supplied by the Company on the one hand
or the applicable Distributing Investor on the other hand, and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission. The Company and the Distributing Investor
agree that it would not be just and equitable if contribution pursuant to this
Section 7 were determined by pro rata allocation or by any other method of
allocation which does not take account of the equitable considerations referred
to in this Section 7. The amount paid or payable by an indemnified party as a
result of the losses, claims, damages or liabilities (or actions in respect
thereof) referred to above in this Section 7 shall be deemed to include any
legal or other expenses reasonably incurred by such indemnified party in
connection with investigating or defending any such action or claim. No person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution from any person who was
not guilty of such fraudulent misrepresentation.

        Notwithstanding any other provision of this Section 7, in no event shall
any Investor be required to undertake liability to any person under this Section
7 for any amounts in excess of the dollar amount of the proceeds received by
such Investor from the sale of such Investor's Registrable Securities (after
deducting any fees, discounts and commissions applicable thereto) pursuant to
any Registration Statement under which such Registrable Securities are
registered under the Securities Act.

               Section 8. Notices. All notices, demands, requests, consents,
approvals, and other communications required or permitted hereunder shall be in
writing and shall be delivered as set forth in the Purchase Agreement.

               Section 9. Assignment. This Agreement is binding upon and inures
to the benefit of the parties hereto and their respective heirs, successors and
permitted assigns. The rights granted the Investor under this Agreement may be
assigned to any purchaser of any of the Registrable Securities from Investor.

               Section 10. Additional Covenants of the Company. The Company
agrees that at such time as it otherwise meets the requirements for the use of
Securities Act Registration Statement on Form S-3 for the purpose of registering
the Registrable Securities, it shall file all reports and information required
to be filed by it with the SEC in a timely manner and take all such other action
so as to maintain such eligibility for the use of such form.

               Section 11. Counterparts/Facsimile. This Agreement may be
executed in two or more counterparts, each of which shall constitute an
original, but all of which, when together shall constitute but one and the same
instrument, and shall become effective when

<PAGE>   10

one or more counterparts have been signed by each party hereto and delivered to
the other parties. In lieu of the original, a facsimile transmission or copy of
the original shall be as effective and enforceable as the original.

               Section 12. Remedies. The remedies provided in this Agreement are
cumulative and not exclusive of any remedies provided by law. If any term,
provision, covenant or restriction of this Agreement is held by a court of
competent jurisdiction to be invalid, illegal, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired
or invalidated, and the parties hereto shall use their best efforts to find and
employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction.

               Section 13. Conflicting Agreements. The Company shall not enter
into any agreement with respect to its securities that is inconsistent with the
rights granted to the holders of Registrable Securities in this Agreement or
otherwise prevents the Company from complying with all of its obligations
hereunder.

               Section 14. Headings. The headings in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

               Section 15. Governing Law. This Agreement shall be governed by
and construed in accordance with the laws of the State of California applicable
to contracts and without regard to its principles of conflicts of laws.

                            [SIGNATURE PAGE FOLLOWS]
<PAGE>   11

        IN WITNESS WHEREOF, the parties hereto have caused this Registration
Rights Agreement to be duly executed, on the day and year first above written.

Dated:  December 6, 2000

                                            MEDIAX CORPORATION

                                            By: /s/ Rainer Poertner
                                               ---------------------------------
                                            Name: Rainer Poertner
                                            Title: Chairman

                                            CTI II LIMITED

                                            By: /s/ Ng Keh Long
                                               ---------------------------------
                                            Name: Ng Keh Long
                                            Title: President<PAGE>   1

                                                                    EXHIBIT 10.3
Stock Purchase Warrant

NEITHER THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")
OR ANY OTHER APPLICABLE SECURITIES LAWS IN RELIANCE UPON AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS.
NEITHER THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF MAY BE SOLD,
PLEDGED, TRANSFERRED, ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR IN A TRANSACTION
WHICH IS EXEMPT FROM REGISTRATION UNDER THE PROVISIONS OF THE SECURITIES ACT.

                             STOCK PURCHASE WARRANT

                 To Purchase 1,059,322 Shares of Common Stock of

                               MEDIAX CORPORATION

               THIS CERTIFIES that, for value received, CTI II Limited (the
"Holder") is entitled, upon the terms and subject to the conditions hereinafter
set forth, at any time on or before the earlier of (i) December 6, 2005 or (ii)
30 days immediately following the period of time during which the bid price of
the Company's Common Stock (as quoted on the Principal Market) for twenty (20)
consecutive days is above $5.00 per share (as adjusted for stock splits,
reorganizations and the like) provided that the Holder receives a written notice
from the Company specifying that the Warrant will terminate thirty (30) days
from Holder's receipt of such notice, and further provided that, the Warrant
Shares are freely tradable on the Principal Market and the Holder could sell all
of the Warrant Shares in one transaction on the Principal Market for more than
$5.00 (the "Termination Date"), to subscribe for and purchase from MediaX
Corporation, a Nevada corporation (the "Company"), up to 1,059,322 shares (the
"Warrant Shares") of Common Stock, $0.0001 par value, of the Company (the
"Common Stock"). The purchase price of one share of Common Stock (such price and
such other price as shall result, from time to time, from the adjustments
specified herein referred to as the "Exercise Price") under this Warrant shall
be $0.472. Capitalized terms used herein and not otherwise defined herein shall
have the meanings ascribed to them in the Securities Purchase Agreement, dated
as of December 6, 2000, by and between the Holder and the Company (the
"Securities Purchase Agreement").

        1. Registration. Any restrictions or legends limiting the offer, sale,
or other disposition of this Warrant, or the Common Stock to be issued upon
exercise of this Warrant, shall be promptly removed by the Company at such time
as the restrictions on the transfer of the applicable security shall have
terminated due to registration of the Warrant Shares, pursuant to that certain
Registration Rights Agreement dated December 6, 2000, by

                                        1
<PAGE>   2

and between the Holder and the Company (the "Registration Rights Agreement").
The Company shall, in accordance with its obligations under the Registration
Rights Agreement and the Securities Purchase Agreement, shall file to register
the Warrant Shares within thirty (30) days from the date set forth on the
signature page of this Warrant. Upon the Registration of the Warrant Shares
being declared effective by the SEC, the Company shall reissue the Warrant and
any Common Stock certificates received upon exercise of the Warrant or any
portion thereof, as applicable, removing any restrictive terms or legends.

        2. Title to Warrant. Prior to and including the Termination Date and
subject to compliance with applicable laws, this Warrant and all rights
hereunder are freely transferable, in whole or in part, at the office or agency
of the Company by Holder hereof in person or by duly authorized attorney, upon
surrender of this Warrant together with the Assignment Form annexed hereto
properly endorsed.

        3. Exercise of Warrant. Except as provided herein, exercise of the
purchase rights represented by this Warrant may be made at any time or times on
or before the close of business on the Termination Date. Exercise of this
Warrant or any part hereof shall be effected by (i) the surrender of this
Warrant and the Notice of Exercise 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) and (ii) payment of the
Exercise Price of the shares thereby purchased by wire transfer or cashier's
check drawn on a United States bank. Upon exercise of this Warrant, 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 purchased hereunder
shall be delivered to the holder hereof within three (3) Trading Days after the
date on which this Warrant shall have been exercised as aforesaid. This Warrant
shall be deemed to have been exercised and such certificate or certificates
shall be deemed to have been issued, and Holder or any other person so
designated to be named therein shall be deemed to have become a holder of record
of such shares for all purposes, as of the date the Warrant has been exercised
by payment to the Company of the Exercise Price.

        4. [RESERVED]

        5. Partial Exercise. If this Warrant shall have been exercised in part,
the Company shall, at the time of delivery of the certificate or certificates
representing Warrant Shares, deliver to Holder a new warrant evidencing the
rights of Holder to purchase the unpurchased shares of Common Stock called for
by this Warrant, which new Warrant shall in all other respects be identical with
this Warrant.

        6. Automatic Exercise.

               (a) If on the last day of the term of this Warrant, the exercise
price of the Warrant is less than the current fair market value of the Company's
Common Stock (as quoted on the OTCBB), the Warrant shall be automatically
converted by means of a "cashless exercise" in which the holder shall be
entitled to receive a certificate for the appropriate number of shares as
determined in accordance Section 6(b) below.

                                       2
<PAGE>   3

               (b) If this Warrant is automatically exercised pursuant to
Section 6(a) above, the holder of this Warrant will automatically receive shares
equal to the value of this Warrant (or the portion thereof being canceled) by
surrender of this Warrant at the principal office of the Company together with
notice of such election, in which event the Company shall issue to the holder
hereof a number of shares of Common Stock computed using the following formula:

                                  Y (A - B)
                             X =  ---------
                                      A

Where:

                X -- The number of shares of Common Stock to be issued to
                     the holder of this Warrant.

                Y -- The number of shares of Common Stock purchasable
                     under this Warrant.

                A -- The fair market value of one share of the Company's
                     Common Stock.

                B -- The Exercise Price (as adjusted to the date of such
                     calculations).

For purposes of this Section 6(b), the fair market value of Common Stock shall
mean the average of the closing bid and asked prices of the Common Stock quoted
in the over-the-counter market in which the Common Stock is traded or the
closing price quoted on any exchange on which the Common Stock is listed,
whichever is applicable, as published in the Western Edition of The Wall Street
Journal for the ten (10) trading days prior to the date of determination of fair
market value (or such shorter period of time during which such stock was traded
over-the-counter or on such exchange). If the Common Stock is not traded on the
over-the-counter market or on an exchange, the fair market value shall be the
price per share that the Company could obtain from a willing buyer for shares of
registered Common Stock, as appropriate, sold by the Company from authorized but
unissued shares, as such prices shall be determined in good faith by the
Company's Board of Directors. Notwithstanding the foregoing, if this Warrant is
being exercised pursuant to this Section 6(b) in connection with the acquisition
of the Company such that immediately after such transaction (or series of
related transactions) the shareholders of the Company immediately prior to such
transaction(s) own less than 50% of the surviving entity, the fair market value
shall be the price at which shares are being purchased in such transaction(s)
and such exercise shall be conditioned on the closing of such transaction(s).

        7. No Fractional Shares or Scrip. No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of this
Warrant. As to any fraction of a share which Holder would otherwise be entitled
to purchase upon such exercise, the Company shall pay a cash adjustment in
respect of such final fraction in an amount equal to the Exercise Price.

        8. 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.

                                       3
<PAGE>   4

        9. Closing of Books. The Company will not close its shareholder books or
records in any manner which prevents the timely exercise of this Warrant.

        10. Transfer, Division and Combination.

               (a) Subject to compliance with any applicable securities laws,
transfer of this Warrant and all rights hereunder, in whole or in part, shall be
registered on the books of the Company to be maintained for such purpose, upon
surrender of this Warrant at the principal office of the Company, together with
a written assignment of this Warrant substantially in the form attached hereto
duly executed by the holder of this Warrant or its agent or attorney and funds
sufficient to pay any transfer taxes payable upon the making of such transfer.
Upon such surrender and, if required, such payment, the Company shall execute
and deliver a new Warrant or Warrants in the name of the assignee or assignees
and in the denomination or denominations specified in such instrument of
assignment, and shall issue to the assignor a new Warrant evidencing the portion
of this Warrant not so assigned, and this Warrant shall promptly be cancelled.
The Warrant, if properly assigned, may be exercised by a new holder for the
purchase of shares of Common Stock without having a new Warrant issued.

               (b) This Warrant may be divided or combined with other Warrants
upon presentation hereof at the aforesaid office of the Company, together with a
written notice specifying the names and denominations in which new Warrants are
to be issued, signed by the holder or its agent or attorney. Subject to
compliance with this Section 10, as to any transfer which may be involved in
such division or combination, the Company shall execute and deliver a new
Warrant or Warrants in exchange for the Warrant or Warrants to be divided or
combined in accordance with such notice.

               (c) The Company shall prepare, issue and deliver at its own
expense (other than transfer taxes) the new Warrant or Warrants under this
Section 10.

               (d) The Company agrees to maintain, at its aforesaid office,
books for the registration and the registration of transfer of the Warrants.

        11. 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 hereof. Upon the surrender of this Warrant
and the payment of the aggregate Exercise Price, the Warrant 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 later of the date of such surrender or
payment.

        12. Loss, Theft, Destruction or Mutilation of Warrant. The Company
covenants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant or any stock
certificate relating to the Warrant Shares, and in case of loss, theft or
destruction, of indemnity or security reasonably satisfactory to it (which shall
not include the posting of any bond), and upon surrender and cancellation of
such Warrant or stock certificate, if mutilated, the Company will make and

                                       4
<PAGE>   5

deliver a new Warrant or stock certificate of like tenor and dated as of such
cancellation, in lieu of such Warrant or stock certificate.

        13. 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 Saturday,
Sunday or legal holiday.

        14. Adjustments of Exercise Price and Number of Warrant Shares. The
number and kind of securities purchasable upon the exercise of this Warrant and
the Exercise Price shall be subject to adjustment from time to time upon the
occurrence of certain events, as follows:

               (a) Reclassification; Merger. In case of any reclassification,
capital reorganization or change of securities of the class issuable upon
exercise of this Warrant (other than a change in par value, or from par value to
no par value, or as a result of a subdivision or combination), the Company shall
duly execute and deliver to the holder of this Warrant a new Warrant (in form
and substance satisfactory to the holder of this Warrant), so that the holder of
this Warrant shall have the right to receive, at a total purchase price not to
exceed that payable upon the exercise of the unexercised portion of this
Warrant, and in lieu of the shares of the Common Stock theretofore issuable upon
exercise of this Warrant, the kind and amount of shares of stock, other
securities, money and property receivable upon such reclassification, capital
reorganization or change by a holder of the number of shares of Common Stock
then purchasable under this Warrant. Such new Warrant shall provide for
adjustments that shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Section 14. The Company shall provide the
holder of this Warrant with at least thirty (30) days' prior written notice of
the terms and conditions of any potential (i) sale, lease, exchange, conveyance
or other disposition of all or substantially all of the Company's property or
business, or (ii) its merger into or consolidation with any other corporation
(other than a wholly-owned subsidiary of the Company), or any transaction
(including a merger or other reorganization) or series of related transactions,
in which the holders of the outstanding voting securities of the Company then
hold less than 50% of the voting securities of the acquiring corporation.

               (b) Subdivision or Combination of Shares. If the Company at any
time while this Warrant remains outstanding and unexpired shall subdivide or
combine its outstanding shares of Common Stock, the Exercise Price shall be
proportionately decreased in the case of a subdivision or increased in the case
of a combination, effective at the close of business on the date the subdivision
or combination becomes effective.

               (c) Stock Dividends and Other Distributions. If the Company at
any time while this Warrant is outstanding and unexpired shall (i) pay a
dividend with respect to the Common Stock payable in Common Stock, or (ii) make
any other distribution with respect to Common Stock (except any distribution
specifically provided for in Sections 14(a) and 14(b)), of Common Stock, then
the Exercise Price shall be adjusted, from and after the date of determination
of shareholders entitled to receive such dividend or distribution, to that price
determined by multiplying the Exercise Price in effect immediately prior to such
date

                                       5
<PAGE>   6

of determination by a fraction (i) the numerator of which shall be the total
number of shares of Common Stock outstanding immediately prior to such dividend
or distribution, and (ii) the denominator of which shall be the total number of
shares of Common Stock outstanding immediately after such dividend or
distribution.

        (d) Adjustment of Number of Shares. Upon each adjustment in the Exercise
Price, the number of Shares of Common Stock purchasable hereunder shall be
adjusted, to the nearest whole share, to the product obtained by multiplying the
number of Shares purchasable immediately prior to such adjustment in the
Exercise Price by a fraction, the numerator of which shall be the Exercise Price
immediately prior to such adjustment and the denominator of which shall be the
Exercise Price immediately thereafter.

        (e) Antidilution Rights. The other antidilution rights applicable to the
Common Stock purchasable hereunder are the same as those applicable to the
Series A Convertible Preferred Stock, as set forth in the Company's Articles of
Incorporation, as amended through the date of this grant, including by the
Company's Certificate of Designation (the "Charter"). Such antidilution rights
shall not be restated, amended, modified or waived in any manner that is adverse
to the holder hereof without such holder's prior written consent. The Company
shall promptly provide the holder hereof with any restatement, amendment,
modification or waiver of the Charter promptly after the same has been made.

        15. Voluntary Adjustment by the Company. The Company may 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.

        16. Notice of Adjustments. Whenever the Exercise Price or the number of
Shares purchasable hereunder shall be adjusted pursuant to Section 14 hereof,
the Company shall make 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 the number of Shares purchasable hereunder after
giving effect to such adjustment, and shall cause copies of such certificate to
be mailed (by first class mail, postage prepaid) to the Holder of this Warrant.

        17. Notice of Corporate Action. If at any time:

               (a) the Company shall take a record of the holders of its Common
Stock for the purpose of entitling them to receive a dividend or other
distribution, or any right to subscribe for or purchase any evidences of its
indebtedness, any shares of stock of any class or any other securities or
property, or to receive any other right, or

               (b) there shall be any capital reorganization of the Company, any
reclassification or recapitalization of the capital stock of the Company or any
consolidation or merger of the Company with, or any sale, transfer or other
disposition of all or substantially all the property, assets or business of the
Company to, another corporation or,

               (c) there shall be a voluntary or involuntary dissolution,
liquidation or winding up of the Company; then, in any one or more of such
cases, the Company shall give to Holder (i) at least 30 days' prior written
notice of the date on which a record date shall be

                                       6
<PAGE>   7

selected for such dividend, distribution or right or for determining rights to
vote in respect of any such reorganization, reclassification, merger,
consolidation, sale, transfer, disposition, liquidation or winding up, and (ii)
in the case of any such reorganization, reclassification, merger, consolidation,
sale, transfer, disposition, dissolution, liquidation or winding up, at least 30
days' prior written notice of the date when the same shall take place. Such
notice in accordance with the foregoing clause also shall specify (i) the date
on which any such record is to be taken for the purpose of such dividend,
distribution or right, the date on which the holders of Common Stock shall be
entitled to any such dividend, distribution or right, and the amount and
character thereof, and (ii) the date on which any such reorganization,
reclassification, merger, consolidation, sale, transfer, disposition,
dissolution, liquidation or winding up is to take place and the time, if any
such time is to be fixed, as of which the holders of Common Stock shall be
entitled to exchange their shares of Common Stock for securities or other
property deliverable upon such disposition, dissolution, liquidation or winding
up. Each such written notice shall be sufficiently given if addressed to Holder
at the last address of Holder appearing on the books of the Company and
delivered in accordance with Section 19(d).

        18. 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 the Warrant
Shares 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 the Warrant
Shares 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
Warrant Shares may be issued as provided herein without violation of any
applicable law or regulation, or of any requirements of the Principal Market
upon which the Common Stock may be listed.

               The Company shall not by any action, including, without
limitation, amending its Articles of Incorporation, modifying or supplementing
its Certificate of Designation or through any reorganization, transfer of
assets, consolidation, merger, dissolution, issue or sale of securities or any
other voluntary action, avoid or seek to avoid the observance or performance of
any of the terms of this Warrant, but will at all times in good faith assist in
the carrying out of all such terms and in the taking of all such actions as may
be necessary or appropriate to protect the rights of Holder against impairment.
Without limiting the generality of the foregoing, the Company will (a) not
increase the par value of any shares of Common Stock receivable upon the
exercise of this Warrant above the amount payable therefor upon such exercise
immediately prior to such increase in par value, (b) take all such action as may
be necessary or appropriate in order that the Company may validly and legally
issue fully paid and nonassessable shares of Common Stock upon the exercise of
this Warrant, and (c) use all commercially reasonable efforts to obtain all such
authorizations, exemptions or consents from any public regulatory body having
jurisdiction thereof as may be necessary to enable the Company to perform its
obligations under this Warrant.

               Upon the request of Holder, the Company will at any time during
the period this Warrant is outstanding acknowledge in writing, in form
reasonably satisfactory to

                                       7
<PAGE>   8

Holder, the continuing validity of this Warrant and the obligations of the
Company hereunder.

               Before taking any action which would cause an adjustment reducing
the current Exercise Price below the then par value, if any, of the shares of
Common Stock issuable upon exercise of the Warrants, the Company shall take any
corporate action which may be necessary in order that the Company may validly
and legally issue fully paid and non-assessable shares of such Common Stock at
such adjusted Exercise Price.

               Before taking any action which would result in an adjustment in
the number of shares of Common Stock for which this Warrant is exercisable or in
the Exercise Price, the Company shall obtain all such authorizations or
exemptions thereof, or consents thereto, as may be necessary from any public
regulatory body or bodies having jurisdiction thereof.

               All Shares that may be issued upon the exercise of the rights
represented by this Warrant will, upon issuance pursuant to the terms and
conditions herein, be fully paid and nonassessable, and free from all taxes,
liens and charges with respect to the issue thereof. During the period within
which the rights represented by this Warrant may be exercised, the Company will
at all times have authorized, and reserved for the purpose of the issue upon
exercise of the purchase rights evidenced by this Warrant, a sufficient number
of shares of its Common Stock.

        19. Miscellaneous.

               (a) Jurisdiction. This Warrant shall be binding upon any
successors or assigns of the Company. This Warrant shall be governed by, and
construed in accordance with the laws of the State of California.

               (b) Restrictions. The holder hereof acknowledges that the Warrant
Shares acquired upon the exercise of this Warrant, if not registered, will have
restrictions upon resale imposed by state and federal securities laws.

               (c) Nonwaiver and Litigation Costs. No course of dealing or any
delay or failure to exercise any right hereunder on the part of Holder shall
operate as a waiver of such right or otherwise prejudice Holder's rights, powers
or remedies, notwithstanding all rights hereunder terminate on the Termination
Date. If the Company willfully fails to comply with any material provision of
this Warrant, the Company shall pay to Holder such amounts as shall be
sufficient to cover any costs and expenses including, but not limited to,
reasonable attorneys' fees, including those of appellate proceedings, incurred
by Holder in collecting any amounts due pursuant hereto or in otherwise
enforcing any of its rights, powers or remedies hereunder, in addition to any
other relief to which it or they may be entitled.

               (d) Notices. Any notice, request or other document required or
permitted to be given or delivered to the holder hereof by the Company shall be
delivered in accordance with the notice provisions of the Securities Purchase
Agreement.

                                       8
<PAGE>   9

               (e) Limitation of Liability. No provision hereof, in the absence
of affirmative action by Holder to purchase shares of Common Stock, and no
enumeration herein of the rights or privileges of Holder hereof, shall give rise
to any liability of Holder for the purchase price of any Common Stock or as a
stockholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company.

               (f) Remedies. Holder, in addition to being entitled to exercise
all rights granted by law, including recovery of damages, will be entitled to
specific performance of its rights under this Warrant. The Company agrees that
monetary damages would not be adequate compensation for any loss incurred by
reason of a breach by it of the provisions of this Warrant and hereby agrees to
waive the defense in any action for specific performance that a remedy at law
would be adequate.

               (g) Successors and Assigns. Subject to applicable securities
laws, this Warrant and the rights and obligations evidenced hereby shall inure
to the benefit of and be binding upon the successors of the Company and the
successors and permitted assigns of Holder. The provisions of this Warrant are
intended to be for the benefit of all holders from time to time of this Warrant
and shall be enforceable by any such Holder or holder of Warrant Shares.

               (h) Indemnification. The Company agrees to indemnify and hold
harmless Holder from and against any liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, claims, costs, attorneys' fees, expenses
and disbursements of any kind which may be imposed upon, incurred by or asserted
against Holder in any manner relating to or arising out of any failure by the
Company to perform or observe in any material respect any of its covenants,
agreements, undertakings or obligations set forth in this Warrant; provided,
however, that the Company will not be liable hereunder to the extent that any
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
claims, costs, attorneys' fees, expenses or disbursements are found in a final
non-appealable judgment by a court to have resulted from Holder's bad faith or
willful misconduct in its capacity as a stockholder or warrantholder of the
Company.

               (i) Amendment. This Warrant may be modified or amended or the
provisions hereof waived with the written consent of the Company and the Holder.

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

               (k) Descriptive Headings. The headings used in this Warrant are
for the convenience of reference only and shall not, for any purpose, be deemed
a part of this Warrant.

               (l) Entire Agreement; Modification. This Warrant, the Securities
Purchase Agreement and the Registration Rights Agreement constitute the entire
agreement

                                       9
<PAGE>   10

between the parties pertaining to the subject matter contained herein and
supersedes all prior and contemporaneous agreements, representations, and
undertakings of the parties, whether oral or written, with respect to such
subject matter.

               (m) Representations and Warranties. This Warrant specifically
incorporates all Representations and Warranties provided in the Securities
Purchase Agreement as if made hereunder.

                            [SIGNATURE PAGE FOLLOWS]

                                       10
<PAGE>   11

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

Dated: December 6, 2000
                                    MEDIAX CORPORATION

                                    By: /s/ Rainer Poertner
                                       ----------------------------------------
                                       Rainer Poertner, Chairman

                                       11
<PAGE>   12

                               NOTICE OF EXERCISE

To:     MediaX Corporation

               (1) The undersigned hereby elects to exercise the right of
purchase represented by the within Warrant Certificate for, and to purchase
thereunder __________ shares of Common Stock (the "Common Stock"), of MediaX
Corporation, and tenders herewith payment of the exercise 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

        If said number of shares shall not be all of the shares purchasable
under the within Warrant Certificate, a new Warrant Certificate is to be issued
in the name of aforementioned for the balance of the remaining shares
purchasable thereunder, rounded up to the nearest whole number of shares, if
applicable.

<PAGE>   13

                                 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.

                                       2

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