Document:

THIS WARRANT AND THE SECURITIES  ISSUABLE UPON THE EXERCISE HEREOF HAVE
    NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
    "ACT").  THIS WARRANT AND THE SECURITIES  ISSUABLE UPON EXERCISE HEREOF
    MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED,  HYPOTHECATED, OR OTHERWISE
    TRANSFERRED  EXCEPT  PURSUANT TO AN  EFFECTIVE  REGISTRATION  STATEMENT
    UNDER THE ACT,  OR AN OPINION OF COUNSEL  SATISFACTORY  TO THE  COMPANY
    THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT.

                        WARRANT TO PURCHASE COMMON STOCK
                                       OF
                                  MCY.COM, INC.

                            VOID AFTER _______, 20__

         This  Warrant  (the  "Warrant")  is  issued  to  _____________  or  his
registered  assigns  ("Holder") by MCY.com,  Inc., a Delaware  corporation  (the
"Company"),  on _______,  ______ (the "Warrant Issue Date") for consideration of
$____ in the aggregate, receipt of which is hereby acknowledged.

         1.  Purchase  Shares.  Subject to the terms and  conditions  herein set
forth,  the Holder is entitled,  upon surrender of this Warrant at the principal
corporate  office of the Company  (or at such other  place as the Company  shall
notify  the  Holder  hereof in  writing),  to  purchase  from the  Company up to
___________ shares of common stock (the "Warrant Shares") of the Company,  $.001
par value (the "Common Stock") at the Exercise Price (defined below), subject to
adjustment as provided in Section 8.

         2. Exercise  Price.  The purchase  price for the Shares shall be $_____
per Warrant  Share,  as adjusted  from time to time pursuant to Section 8 hereof
(the "Exercise Price").

         3. Exercise Period.  This Warrant shall be exercisable,  in whole or in
part,  during the period commencing on the Warrant Issue Date and ending at 5:00
p.m. on _________, 20__ (the "Exercise Period").

         4. Method of  Exercise.  While this  Warrant  remains  outstanding  and
exercisable  in accordance  with Section 3 above,  the Holder may  exercise,  in
whole or in part,  the rights to purchase the Warrant Shares  evidenced  hereby.
Such exercise shall be effected by:

                  (a)  the  surrender  of  the  Warrant,  together  with  a duly
         executed copy of the form of Notice of Exercise attached hereto, to the
         Secretary of the Company at its principal corporate offices; and

                  (b) the  payment  to the  Company  of an  amount  equal to the
         aggregate  Exercise  Price  for the  number  of  Warrant  Shares  being
         purchased.

<PAGE>

         5. Net Exercise. In lieu of exercising this Warrant pursuant to Section
4, the Holder may elect to  receive,  without  the  payment by the Holder of any
additional consideration,  Warrant 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 the Notice of Exercise  attached
hereto  indicating such election,  in which event the Company shall issue to the
holder hereof a number of Warrant Shares computed using the following formula:

                              Y (A - B)
                              ---------
                      X =            A
<TABLE>
<CAPTION>
<S>                   <C>
    Where:   X =      The number of Warrant  Shares to be issued to the Holder  pursuant  to this net
                      exercise;

             Y =      The number of Warrant  Shares in  respect  of which the net issue  election  is
                      made;

             A =      The fair market value of one Warrant  Share at the time the net issue  election
                      is made;

             B =      The  Exercise  Price (as  adjusted to the date of the net issuance).
</TABLE>

For purposes of this Section 5, the fair market value of one Warrant Share as of
a particular date shall be determined as follows:  (i) if traded on a securities
exchange or through the Nasdaq National Market,  the value shall be deemed to be
the average of the closing  prices of the  securities  on such exchange over the
thirty (30) day period ending three (3) days prior to the net exercise election;
(ii) if traded over-the-counter,  the value shall be deemed to be the average of
the closing bid and offer prices  (whichever is applicable) over the thirty (30)
day period ending three (3) days prior to the net  exercise;  and (iii) if there
is no active public market, the value shall be the fair market value thereof, as
determined in good faith by the Board of Directors of the Company.

         6.  Certificates  for Shares.  Upon the exercise of the purchase rights
evidenced by this Warrant,  one or more  certificates  for the number of Warrant
Shares so  purchased  shall be issued as soon as  practicable  thereafter  (with
appropriate restrictive legends, if applicable),  and in any event within thirty
(30) days of the delivery of the subscription notice and the Holder's compliance
with Section 4 or 5 (as applicable) hereof.

         7. Issuance of Shares.  The Company  covenants that the Warrant Shares,
when issued  pursuant to the exercise of this Warrant,  will be duly and validly
issued, fully paid and nonassessable and free from all taxes, liens, and charges
with respect to the issuance thereof.

<PAGE>

         8.  Adjustment  of  Exercise  Price and Kind and Number of Shares.  The
number and kind of securities  purchasable upon exercise of this Warrant and the
Exercise Price shall be subject to adjustment from time to time as follows:

                  (a)  Subdivisions,  Combinations and Other  Issuances.  If the
         Company  shall at any time during the  Exercise  Period of this Warrant
         (i) subdivide its Common  Stock,  by split-up or otherwise,  or combine
         its Common Stock, or (ii) issue  additional  shares of its Common Stock
         or other equity  securities as a dividend with respect to any shares of
         its Common Stock,  the number of shares of Common Stock issuable on the
         exercise of this Warrant shall forthwith be  proportionately  increased
         in the case of a  subdivision  or stock  dividend,  or  proportionately
         decreased in the case of a combination.  Appropriate  adjustments shall
         also be made to the Exercise Price payable per Warrant  Share,  but the
         aggregate Exercise Price payable for the total number of Warrant Shares
         purchasable under this Warrant (as adjusted) shall remain the same. Any
         adjustment  under this Section 8(a) shall become effective at the close
         of  business  on  the  date  the  subdivision  or  combination  becomes
         effective,  or as of the record date of such dividend,  or in the event
         that no record date is fixed, upon the making of such dividend.

                  (b)  Reclassification,  Reorganization and  Consolidation.  In
         case of any reclassification,  capital reorganization, or change in the
         Common Stock of the Company  (other than as a result of a  subdivision,
         combination,  or stock  dividend  provided  for in Section 8(a) above),
         then,  as a  condition  of such  reclassification,  reorganization,  or
         change,  lawful  provision  shall be made, and duly executed  documents
         evidencing  the  same  from  the  Company  or its  successor  shall  be
         delivered to the Holder, so that the Holder shall have the right at any
         time prior to the  expiration  of this Warrant to purchase,  at a total
         price equal to that payable upon the exercise of this Warrant  (subject
         to adjustment of the Exercise  Price as provided in Section 8, the kind
         and  amount  of  shares of stock  and  other  securities  and  property
         receivable in connection with such reclassification, reorganization, or
         change by a holder of the same number of shares of Common Stock as were
         purchasable by the Holder  immediately prior to such  reclassification,
         reorganization,  or  change.  In any such case  appropriate  provisions
         shall be made with  respect to the rights and interest of the Holder so
         that the provisions  hereof shall thereafter be applicable with respect
         to any shares of stock or other  securities  and  property  deliverable
         upon exercise hereof, and appropriate  adjustments shall be made to the
         purchase  price per share  payable  hereunder,  provided the  aggregate
         purchase price shall remain the same.

                  (c) Notice of  Adjustment.  When any adjustment is required to
         be made in the number or kind of shares  purchasable  upon  exercise of
         the  Warrant,  or in the Exercise  Price,  the Company  shall  promptly
         notify  the  Holder of such event and of the number of shares of Common
         Stock or other  securities  or  property  thereafter  purchasable  upon
         exercise of this Warrant.

<PAGE>

                  (d) Issuance of New Warrant. Upon the occurrence of any of the
         events  listed in this Section 8 that results in an  adjustment  of the
         type,  number  or  exercise  price of the  securities  underlying  this
         Warrant,  the  Holder  shall  have the right to  receive a new  warrant
         reflecting such  adjustment  upon the Holder  tendering this Warrant in
         exchange.  The new warrant shall otherwise have terms identical to this
         Warrant.

         9.       Covenants and Conditions.
                  ------------------------

                  (a) No  Impairment.  Pursuant to the terms and  conditions  of
         this  Warrant,  Company  shall:  (i) reserve an  appropriate  number of
         shares of Company's  Common Stock to facilitate  the issuance of shares
         to Holder  pursuant to this  Warrant,  (ii) not amend its articles in a
         manner which would materially  impair Company's  ability to comply with
         the terms of the Warrant or otherwise unfairly impair the rights of the
         Holder.

                  (b) Registration  Rights. The Company hereby grants the Holder
         one  piggyback  registration  right on customary  terms and  conditions
         (including  the  Company's  agreement  to  pay  all  expenses  of  such
         registrations other than underwriting  discounts).  Notwithstanding the
         foregoing, Holder's rights hereunder shall be subordinate to holders of
         securities of the Company who  currently  hold  piggyback  registration
         rights.

         10.   Representations  and  Warranties.   Pursuant  to  the  terms  and
conditions of this  Warrant,  the Company  represents  and warrants that (i) the
Company is duly organized under the laws of the State of Delaware,  and (ii) the
issuance of this Warrant has been duly  authorized  by all  necessary  corporate
action of the  Company and does not  conflict  with the terms any of the bylaws,
articles of incorporation or any material agreements of the Company.

         11.  No  Fractional  Shares  or Scrip.  No  fractional  shares or scrip
representing  fractional  shares  shall  be  issued  upon the  exercise  of this
Warrant,  but in lieu of such  fractional  shares the Company  shall make a cash
payment therefor on the basis of the Exercise Price then in effect.

         12. No  Stockholder  Rights.  Prior to  exercise of this  Warrant,  the
Holder shall not be entitled to any rights of a stockholder  with respect to the
shares of Common  Stock  issuable on the  exercise  hereof,  including,  without
limitation,  the right to vote such shares of Common Stock, receive dividends or
other  distributions  thereon,  exercise  preemptive  rights or be  notified  of
stockholder  meetings,  and such  Holder  shall not be entitled to any notice or
other communication concerning the business or affairs of the Company.

         13.  Successors  and Assigns.  The terms and provisions of this Warrant
shall inure to the benefit of, and be binding  upon,  the Company and the Holder
and their respective successors and assigns.

         14. Amendments and Waivers. Any term of this Warrant may be amended and
the observance of any term of this Warrant may be waived (either generally or in
a  particular  instance and either  retroactively  or  prospectively),  with the
written consent of the Company and the Holder.  Any waiver or amendment effected
in accordance  with this Section shall be binding upon each holder of any shares
of Common Stock purchased under this Warrant at the time

<PAGE>

outstanding  (including  securities into which such shares have been converted),
each future holder of all such Shares, and the Company.

         15. Notices. All notices required under this Warrant shall be deemed to
have been given or made for all purposes (i) upon personal  delivery,  (ii) upon
an automatic machine generated  confirmation  receipt that the communication was
successfully  sent to the  applicable  number  if sent by  facsimile;  (iii) one
business  day after  being sent,  when sent by  professional  overnight  courier
service,  or (iv) five  business  days after  posting when sent by registered or
certified mail. Notices to the Company shall be sent to the principal  corporate
office of the Company (or at such other  place as the Company  shall  notify the
Holder hereof in writing). Notices to the Holder shall be sent to the address of
the Holder on the books of the  Company  (or at such  other  place as the Holder
shall notify the Company hereof in writing).

         16. Captions.  The section and subsection  headings of this Warrant are
inserted for convenience only and shall not constitute a part of this Warrant in
construing or interpreting any provision hereof.

         17.  Governing  Law.  This Warrant shall be governed by the laws of the
State of Delaware as applied to agreements among Delaware  residents made and to
be performed entirely within the State of Delaware, and without reference to any
of its conflict of laws principles.

         IN WITNESS WHEREOF, MCY.com, Inc. caused this Warrant to be executed by
an officer thereunto duly authorized.

                                                 MCY.COM, INC.

                                                 By:___________________________

                                                 Name:________________________

                                                 Address:

                                                 Fax Number:

<PAGE>

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

To:

                  The   undersigned   hereby   elects   to   [check   applicable
subsection]:

         ________          (a) Purchase _________________ shares of Common Stock
                           of  _____________,  pursuant  to  the  terms  of  the
                           attached  Warrant and payment of the  Exercise  Price
                           per share  required  under such  Warrant  accompanies
                           this notice;

                  OR

         ________          (b)  Exercise  the  attached  Warrant for [all of the
                           shares]   [________   of  the   shares]   [cross  out
                           inapplicable  phrase]  purchasable  under the Warrant
                           pursuant to the net exercise  provisions of Section 5
                           of such Warrant.

                  The  undersigned  hereby  represents  and  warrants  that  the
undersigned is acquiring such shares for its own account for investment purposes
only,  and not for resale or with a view to  distribution  of such shares or any
part thereof.

                                       WARRANTHOLDER:

                                       -----------------------------------------

                                       By:
                                         [NAME]

                                       Address:

Date:

Name in which shares should be registered:

<PAGE>

                  AMENDMENT TO WARRANT TO PURCHASE COMMON STOCK

         This Amendment to the Warrant to Purchase Common Stock of MCY.com, Inc.
issued on _______,  20__ (the "Warrant") to _________(the  "Holder") by MCY.com,
Inc. (the "Company") is made as of this ____ day of ________, 20__.

         WHEREAS:  The  Company  has  issued  a  Warrant  to  the  Holder  dated
_________, 20__; and

         WHEREAS:  The  Company  and the Holder wish to amend the Warrant as set
forth herein.

         NOW THEREFORE, the Company and the Holder hereby agree as follows:

         1.       Section 9 (b) is hereby amended to read as follows:

9 (b) Registration Rights. At any time after the execution of this Agreement, if
the Company determines that it will file a registration statement under the 1933
Act  (other  than a  registration  statement  on a Form  S-4 or S-8 or  filed in
connection  with an exchange  offer or an offering of  securities  solely to the
Company's  existing  securities  holders) on any form that would also permit the
registration of the Warrant Shares and such filing is to be on its behalf and/or
on behalf of selling  holders of its securities for the general  registration of
its  securities  to be sold for cash,  at such  time the  Company  will,  within
forty-five  (45) days  following  such  determination,  give the Holder  written
notice by registered mail of such determination  setting forth the date on which
the Company proposes to file such registration statement,  which date will be no
earlier  than thirty (30) days from the date of such  notice,  and  advising the
Holder of its right to have its Warrant  Shares  included in such  registration.
Upon the  written  request of the Holder  received  by the Company no later than
thirty (30) days after the date of the  Company's  notice,  the Company will use
all reasonable  efforts to cause to be registered  under the 1933 Act all of the
Warrant  Shares that the Holder has so  requested to be  registered.  If, in the
written opinion of the managing  underwriter or underwriters (or, in the case of
a non-underwritten offering, in the written opinion of the placement agent), the
total amount of such  securities  to be so  registered,  including  such Warrant
Shares, will exceed the maximum amount of the Company's  securities which can be
marketed (i) at a price  reasonably  related to the then  current  value of such
securities,  or (ii) without  otherwise  materially and adversely  affecting the
entire  offering,  then the amount of the  Warrant  Shares to be offered for the
accounts  of the Holder  will be reduced  pro rata to the  extent  necessary  to
reduce the total  amount of  securities  to be included in such  offering to the
recommended  amount;  provided,  that if  securities  are being  offered for the
account of other  persons  which have  registration  rights which are pari passu
with the Holder as well as the  Company,  such  reduction  will not  represent a
greater  fraction  of the  number of  securities  intended  to be offered by the
Holder than the  fraction of

                                       1

<PAGE>

similar  reductions  imposed on such other  persons which have rights pari passu
with the  Holder,  other than the  Company  over the amount of  securities  they
intended to offer.  Notwithstanding the foregoing,  the rights of the Holder set
forth in this Section 9(b), shall,  only in the event of an underwritten  public
offering  of the  Company's  securities,  be  subordinate  to the rights of such
shareholders  and  warrantholders  of the Company  with  respect to a maximum of
11,248,408  shares  of  common  stock  and  3,133,520  shares  of  common  stock
underlying Warrants which have been issued by the Company.

         2. All  other  provisions  of the  Warrant  shall  remain  in force and
effect.

         IN WITNESS  WHEREOF,  the Company has caused this  Amendment to be duly
executed as of the date first written above.

MCY.COM, INC.

By: ________________________
         Bernhard Fritsch
         CEO

                                       2THIS WARRANT AND THE SECURITIES  ISSUABLE UPON THE EXERCISE HEREOF HAVE
   NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
   "ACT").  THIS WARRANT AND THE SECURITIES  ISSUABLE UPON EXERCISE HEREOF
   MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED,  HYPOTHECATED, OR OTHERWISE
   TRANSFERRED  EXCEPT  PURSUANT TO AN  EFFECTIVE  REGISTRATION  STATEMENT
   UNDER THE ACT,  OR AN OPINION OF COUNSEL  SATISFACTORY  TO THE  COMPANY
   THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT.

                        WARRANT TO PURCHASE COMMON STOCK
                                       OF
                                  MCY.COM, INC.

                            VOID AFTER ________, 20__

         This Warrant (the "Warrant") is issued to ___________ or his registered
assigns ("Holder") by MCY.com, Inc., a Delaware corporation (the "Company"),  on
________,  20__ (the  "Warrant  Issue  Date") for  consideration  of $100 in the
aggregate, receipt of which is hereby acknowledged.

         1.  Purchase  Shares.  Subject to the terms and  conditions  herein set
forth,  the Holder is entitled,  upon surrender of this Warrant at the principal
corporate  office of the Company  (or at such other  place as the Company  shall
notify  the  Holder  hereof in  writing),  to  purchase  from the  Company up to
____________shares of common stock (the "Warrant Shares") of the Company,  $.001
par value (the "Common Stock") at the Exercise Price (defined below), subject to
adjustment as provided in Section 7.

         2. Exercise Price. The purchase price for the Shares shall be $____ per
Warrant  Share,  as adjusted from time to time pursuant to Section 7 hereof (the
"Exercise Price").

         3. Exercise Period.  This Warrant shall be exercisable,  in whole or in
part,  during the period commencing on the Warrant Issue Date and ending at 5:00
p.m. on _______, 20__ (the "Exercise Period").

         4. Method of  Exercise.  While this  Warrant  remains  outstanding  and
exercisable  in accordance  with Section 3 above,  the Holder may  exercise,  in
whole or in part,  the rights to purchase the Warrant Shares  evidenced  hereby.
Such exercise shall be effected by:

                  (a)  the  surrender  of  the  Warrant,  together  with  a duly
         executed copy of the form of Notice of Exercise attached hereto, to the
         Secretary of the Company at its principal corporate offices; and

                  (b) the  payment  to the  Company  of an  amount  equal to the
         aggregate  Exercise  Price  for the  number  of  Warrant  Shares  being
         purchased.

<PAGE>

         5.  Certificates  for Shares.  Upon the exercise of the purchase rights
evidenced by this Warrant,  one or more  certificates  for the number of Warrant
Shares so  purchased  shall be issued as soon as  practicable  thereafter  (with
appropriate restrictive legends, if applicable),  and in any event within thirty
(30) days of the delivery of the subscription notice and the Holder's compliance
with Section 4 hereof.

         6. Issuance of Shares.  The Company  covenants that the Warrant Shares,
when issued  pursuant to the exercise of this Warrant,  will be duly and validly
issued, fully paid and nonassessable and free from all taxes, liens, and charges
with respect to the issuance thereof.

         7.  Adjustment  of  Exercise  Price and Kind and Number of Shares.  The
number and kind of securities  purchasable upon exercise of this Warrant and the
Exercise Price shall be subject to adjustment from time to time as follows:

                  (a)  Subdivisions,  Combinations and Other  Issuances.  If the
         Company  shall at any time during the  Exercise  Period of this Warrant
         (i) subdivide its Common  Stock,  by split-up or otherwise,  or combine
         its Common Stock, or (ii) issue  additional  shares of its Common Stock
         or other equity  securities as a dividend with respect to any shares of
         its Common Stock,  the number of shares of Common Stock issuable on the
         exercise of this Warrant shall forthwith be  proportionately  increased
         in the case of a  subdivision  or stock  dividend,  or  proportionately
         decreased in the case of a combination.  Appropriate  adjustments shall
         also be made to the Exercise Price payable per Warrant  Share,  but the
         aggregate Exercise Price payable for the total number of Warrant Shares
         purchasable under this Warrant (as adjusted) shall remain the same. Any
         adjustment  under this Section 7(a) shall become effective at the close
         of  business  on  the  date  the  subdivision  or  combination  becomes
         effective,  or as of the record date of such dividend,  or in the event
         that no record date is fixed, upon the making of such dividend.

                  (b)  Reclassification,  Reorganization and  Consolidation.  In
         case of any reclassification,  capital reorganization, or change in the
         Common Stock of the Company  (other than as a result of a  subdivision,
         combination,  or stock  dividend  provided  for in Section 7(a) above),
         then,  as a  condition  of such  reclassification,  reorganization,  or
         change,  lawful  provision  shall be made, and duly executed  documents
         evidencing  the  same  from  the  Company  or its  successor  shall  be
         delivered to the Holder, so that the Holder shall have the right at any
         time prior to the  expiration  of this Warrant to purchase,  at a total
         price equal to that payable upon the exercise of this Warrant  (subject
         to adjustment of the Exercise  Price as provided in Section 7, the kind
         and  amount  of  shares of stock  and  other  securities  and  property
         receivable in connection with such reclassification, reorganization, or
         change by a holder of the same number of shares of Common Stock as were
         purchasable by the Holder  immediately prior to such  reclassification,
         reorganization,  or  change.  In any such case  appropriate  provisions
         shall be made with  respect to the rights and interest of the Holder so
         that the provisions  hereof shall thereafter be applicable with respect
         to any shares of stock or other  securities  and  property  deliverable
         upon exercise hereof, and appropriate  adjustments shall be made to

<PAGE>

         the purchase price per share payable hereunder,  provided the aggregate
         purchase price shall remain the same.

                  (c) Notice of  Adjustment.  When any adjustment is required to
         be made in the number or kind of shares  purchasable  upon  exercise of
         the  Warrant,  or in the Exercise  Price,  the Company  shall  promptly
         notify  the  Holder of such event and of the number of shares of Common
         Stock or other  securities  or  property  thereafter  purchasable  upon
         exercise of this Warrant.

                  (d) Issuance of New Warrant. Upon the occurrence of any of the
         events  listed in this Section 7 that results in an  adjustment  of the
         type,  number  or  exercise  price of the  securities  underlying  this
         Warrant,  the  Holder  shall  have the right to  receive a new  warrant
         reflecting such  adjustment  upon the Holder  tendering this Warrant in
         exchange.  The new warrant shall otherwise have terms identical to this
         Warrant.

         8.       Covenants and Conditions.

                  (a) No  Impairment.  Pursuant to the terms and  conditions  of
         this  Warrant,  Company  shall:  (i) reserve an  appropriate  number of
         shares of Company's  Common Stock to facilitate  the issuance of shares
         to Holder  pursuant to this  Warrant,  (ii) not amend its articles in a
         manner which would materially  impair Company's  ability to comply with
         the terms of the Warrant or otherwise unfairly impair the rights of the
         Holder.

                  (b) Registration  Rights. The Company hereby grants the Holder
         one  piggyback  registration  right on customary  terms and  conditions
         (including  the  Company's  agreement  to  pay  all  expenses  of  such
         registrations other than underwriting  discounts).  Notwithstanding the
         foregoing, Holder's rights hereunder shall be subordinate to holders of
         securities of the Company who  currently  hold  piggyback  registration
         rights.

         9. Representations and Warranties. Pursuant to the terms and conditions
of this  Warrant,  the Company  represents  and warrants that (i) the Company is
duly organized under the laws of the State of Delaware, and (ii) the issuance of
this Warrant has been duly authorized by all necessary  corporate  action of the
Company  and does not  conflict  with the terms any of the  bylaws,  articles of
incorporation or any material agreements of the Company.

         10.  No  Fractional  Shares  or Scrip.  No  fractional  shares or scrip
representing  fractional  shares  shall  be  issued  upon the  exercise  of this
Warrant,  but in lieu of such  fractional  shares the Company  shall make a cash
payment therefor on the basis of the Exercise Price then in effect.

         11. No  Stockholder  Rights.  Prior to  exercise of this  Warrant,  the
Holder shall not be entitled to any rights of a stockholder  with respect to the
shares of Common  Stock  issuable on the  exercise  hereof,  including,  without
limitation,  the right to vote such shares of Common Stock, receive dividends or
other  distributions  thereon,  exercise  preemptive  rights or be  notified  of
stockholder  meetings,  and such  Holder  shall not be entitled to any notice or
other communication concerning the business or affairs of the Company.

<PAGE>

         12.  Successors  and Assigns.  The terms and provisions of this Warrant
shall inure to the benefit of, and be binding  upon,  the Company and the Holder
and their respective successors and assigns.

         13. Amendments and Waivers. Any term of this Warrant may be amended and
the observance of any term of this Warrant may be waived (either generally or in
a  particular  instance and either  retroactively  or  prospectively),  with the
written consent of the Company and the Holder.  Any waiver or amendment effected
in accordance  with this Section shall be binding upon each holder of any shares
of Common Stock purchased under this Warrant at the time outstanding  (including
securities  into which such shares have been  converted),  each future holder of
all such Shares, and the Company.

         14. Notices. All notices required under this Warrant shall be deemed to
have been given or made for all purposes (i) upon personal  delivery,  (ii) upon
an automatic machine generated  confirmation  receipt that the communication was
successfully  sent to the  applicable  number  if sent by  facsimile;  (iii) one
business  day after  being sent,  when sent by  professional  overnight  courier
service,  or (iv) five  business  days after  posting when sent by registered or
certified mail. Notices to the Company shall be sent to the principal  corporate
office of the Company (or at such other  place as the Company  shall  notify the
Holder hereof in writing). Notices to the Holder shall be sent to the address of
the Holder on the books of the  Company  (or at such  other  place as the Holder
shall notify the Company hereof in writing).

         15. Captions.  The section and subsection  headings of this Warrant are
inserted for convenience only and shall not constitute a part of this Warrant in
construing or interpreting any provision hereof.

         16.  Governing  Law.  This Warrant shall be governed by the laws of the
State of Delaware as applied to agreements among Delaware  residents made and to
be performed entirely within the State of Delaware, and without reference to any
of its conflict of laws principles.

         IN WITNESS WHEREOF, MCY.com, Inc. caused this Warrant to be executed by
an officer thereunto duly authorized.

                                                   MCY.COM, INC.

                                                  By:___________________________

                                                  Name:________________________

                                                  Address:

                                                  Fax Number:

<PAGE>

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

To:

                  The undersigned hereby elects to:

         ________          (a) Purchase _________________ shares of Common Stock
                           of  _____________,  pursuant  to  the  terms  of  the
                           attached  Warrant and payment of the  Exercise  Price
                           per share  required  under such  Warrant  accompanies
                           this notice;

                  The  undersigned  hereby  represents  and  warrants  that  the
undersigned is acquiring such shares for its own account for investment purposes
only,  and not for resale or with a view to  distribution  of such shares or any
part thereof.

                                       WARRANTHOLDER:

                                       -----------------------------------------

                                       By:

                                       Address:

Date:

Name in which shares should be registered:

<PAGE>

                  AMENDMENT TO WARRANT TO PURCHASE COMMON STOCK

         This Amendment to the Warrant to Purchase Common Stock of MCY.com, Inc.
issued on _____________, 20__ (the "Warrant") to ________________ (the "Holder")
by MCY.com, Inc. (the "Company") is made as of this ___ day of ________, 20___.

         WHEREAS: The Company has issued a Warrant to the Holder dated ________,
20__; and

         WHEREAS:  The  Company  and the Holder wish to amend the Warrant as set
forth herein.

         NOW THEREFORE, the Company and the Holder hereby agree as follows:

         1. Section 8 (b) is hereby amended to read as follows:

8 (b) Registration Rights. At any time after the execution of this Agreement, if
the Company determines that it will file a registration statement under the 1933
Act  (other  than a  registration  statement  on a Form  S-4 or S-8 or  filed in
connection  with an exchange  offer or an offering of  securities  solely to the
Company's  existing  securities  holders) on any form that would also permit the
registration of the Warrant Shares and such filing is to be on its behalf and/or
on behalf of selling  holders of its securities for the general  registration of
its  securities  to be sold for cash,  at such  time the  Company  will,  within
forty-five  (45) days  following  such  determination,  give the Holder  written
notice by registered mail of such determination  setting forth the date on which
the Company proposes to file such registration statement,  which date will be no
earlier  than thirty (30) days from the date of such  notice,  and  advising the
Holder of its right to have its Warrant  Shares  included in such  registration.
Upon the  written  request of the Holder  received  by the Company no later than
thirty (30) days after the date of the  Company's  notice,  the Company will use
all reasonable  efforts to cause to be registered  under the 1933 Act all of the
Warrant  Shares that the Holder has so  requested to be  registered.  If, in the
written opinion of the managing  underwriter or underwriters (or, in the case of
a non-underwritten offering, in the written opinion of the placement agent), the
total amount of such  securities  to be so  registered,  including  such Warrant
Shares, will exceed the maximum amount of the Company's  securities which can be
marketed (i) at a price  reasonably  related to the then  current  value of such
securities,  or (ii) without  otherwise  materially and adversely  affecting the
entire  offering,  then the amount of the  Warrant  Shares to be offered for the
accounts  of the Holder  will be reduced  pro rata to the  extent  necessary  to
reduce the total  amount of  securities  to be included in such  offering to the
recommended  amount;  provided,  that if  securities  are being  offered for the
account of other  persons  which have  registration  rights which are pari passu
with the Holder as well as the  Company,  such  reduction  will not  represent a
greater  fraction  of the  number of  securities  intended  to be offered by the
Holder than the  fraction of

                                       1
<PAGE>

similar  reductions  imposed on such other  persons which have rights pari passu
with the  Holder,  other than the  Company  over the amount of  securities  they
intended to offer.  Notwithstanding the foregoing,  the rights of the Holder set
forth in this Section 9(b), shall,  only in the event of an underwritten  public
offering  of the  Company's  securities,  be  subordinate  to the rights of such
shareholders  and  warrantholders  of the Company  with  respect to a maximum of
11,248,408  shares  of  common  stock  and  3,133,520  shares  of  common  stock
underlying Warrants which have been issued by the Company.

         2. All  other  provisions  of the  Warrant  shall  remain  in force and
effect.

         IN WITNESS  WHEREOF,  the Company has caused this  Amendment to be duly
executed as of the date first written above.

MCY.COM, INC.

By: ________________________
         Bernhard Fritsch
         CEO

                                       2

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