Document:

EXHIBIT 10.22

THIS WARRANT AND THE SECURITIES  ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT
BEEN  REGISTERED  UNDER THE SECURITIES  ACT OF 1933, AS AMENDED (THE "ACT"),  OR
UNDER THE SECURITIES LAWS OF APPLICABLE STATES.  THESE SECURITIES ARE SUBJECT TO
RESTRICTIONS ON TRANSFERABILITY  AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD
EXCEPT AS PERMITTED  UNDER THE ACT AND THE  APPLICABLE  STATE  SECURITIES  LAWS,
PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.  INVESTORS SHOULD BE AWARE THAT
THEY MAY BE  REQUIRED  TO BEAR THE  FINANCIAL  RISKS OF THIS  INVESTMENT  FOR AN
INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION
OF COUNSEL IN FORM AND SUBSTANCE  SATISFACTORY  TO THE ISSUER TO THE EFFECT THAT
ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE
STATE SECURITIES LAWS.

                        WARRANT TO PURCHASE COMMON STOCK
                                       OF
                                 ARIEL WAY, INC.

                                           Issued on May 28, 2005 ("ISSUE DATE")
                                     Void after May 29, 2010 ("EXPIRATION DATE")

      This  certifies  that in  consideration  of the  execution of that certain
initial warrant agreement (the "WARRANT  AGREEMENT"),  dated as of May 28, 2005,
as  amended,  by and  between  Ariel  Way,  Inc.,  a  Florida  corporation  (the
"COMPANY"),  with principal  offices at 8000 Towers Crescent Drive,  Suite 1220,
Vienna, VA 22182, and Oberon Securities, LLC, a Delaware company, with principal
offices at 79  Madison  Avenue,  6th Floor,  New York,  NY 10016  ("OBERON")  is
entitled,  subject to the terms and conditions of this Warrant, to purchase from
the Company at any time during the Exercise Period (as defined below), up to One
Million (1,000,000) shares (the "NUMBER OF SHARES") of Warrant Stock (as defined
below) at a price per share equal to the Warrant Price (as defined below),  upon
surrender of this Warrant at the principal offices of the Company, together with
a duly executed  subscription  form in the form attached hereto as Exhibit 1 and
simultaneous  payment of the full Warrant  Price for the shares of Warrant Stock
so  purchased  in  lawful  money  of  the  United  States  or   cancellation  of
indebtedness  of the Company to the Warrant Holder of the same equal amount,  at
the option of Oberon.  The Warrant  Price and the number and character of shares
of Warrant  Stock  purchasable  under this Warrant are subject to  adjustment as
provided  herein.  The shares  underlying the warrants shall entitle the Warrant
Holder to one-time "piggyback" registration rights.

      1.    DEFINITIONS.  The following  definitions shall apply for purposes of
this Warrant:

<PAGE>

            1.1   "COMPANY"  means the  "COMPANY" as defined  above and includes
any corporation  which shall succeed to or assume the obligations of the Company
under this Warrant.

            1.2   "EXERCISE PERIOD" means the period (A) commencing on the Issue
Date and (B) ending at 5:00 p.m.  Eastern  Standard Time on the Expiration  Date
(as defined on the first page of this  Warrant,  and as subject to adjustment as
provided herein).

            1.3   "SEC" means the U.S. Securities and Exchange Commission.

            1.4   "WARRANT"  means this Warrant and any warrant(s)  delivered in
substitution or exchange therefor, as provided herein.

            1.5   "WARRANT HOLDER" means any person who shall at the time be the
registered holder of this Warrant.

            1.6   "WARRANT  PRICE" means $0.06 per share.  The Warrant  Price is
subject to adjustment as provided herein.

            1.7   "WARRANT STOCK" means the Common Stock of the Company,  $0.001
par value per share.  The number and  character  of shares of Warrant  Stock are
subject to  adjustment  as provided  herein and the term  "WARRANT  STOCK" shall
include  stock and other  securities  and  property  at any time  receivable  or
issuable upon exercise of this Warrant in accordance with its terms.

      2.    EXERCISE.

            2.1   METHOD OF  EXERCISE.  Subject to the terms and  conditions  of
this Warrant,  the Warrant Holder may exercise this Warrant in whole or in part,
at any time or from  time to time,  on any  business  day  during  the  Exercise
Period,  for up to that  number of  shares  of  Warrant  Stock  that has  vested
pursuant  to Section 2.2 below by  surrendering  this  Warrant at the  principal
offices of the Company, with the subscription form attached hereto duly executed
by the Warrant Holder, and payment of an amount equal to the product obtained by
multiplying  (i) the number of shares of Warrant  Stock to be  purchased  by the
Warrant Holder by (ii) the Warrant Price or adjusted Warrant Price therefor,  if
applicable, as determined in accordance with the terms hereof or cancellation of
indebtedness  of the Company to the Warrant  Holder of the same equal  amount at
the  option  of the  Warrant  Holder.  The  Warrant  Holder  shall  also  have a
"cash-less"  exercise  option such that  exercising  certain number of shares of
Warrant Stock and the sales  proceeds from the sale of such shares shall provide
for the payment to the Company of an amount equal to the total warrant  purchase
price as defined above.

            2.2   VESTING AND  EXERCISABILITY OF WARRANT.  This Warrant shall be
fully vested and immediately exercisable as to One Million (1,000,000) shares of
Warrant Stock as of the date hereof.

            2.3   FORM OF PAYMENT. Payment may be made by (i) a check payable to
the  Company's  order,  (ii)  wire  transfer  of  funds  to the  Company,  (iii)
cancellation of  indebtedness of the Company to the Warrant Holder,  or (iv) any
combination of the foregoing.

                                       2
<PAGE>

            2.4   PARTIAL  EXERCISE.  Upon a partial  exercise of this  Warrant,
this Warrant shall be  surrendered by the Warrant Holder and replaced with a new
Warrant  of like  tenor in which the  Number of Shares  shall be  reduced by the
number of shares of Warrant Stock purchased upon such exercise.

            2.5   NO FRACTIONAL  SHARES. No fractional shares may be issued upon
any exercise of this  Warrant,  and any  fractions  shall be rounded down to the
nearest whole number of shares.  If upon any exercise of this Warrant a fraction
of a share results,  the Company will pay the cash value of any such  fractional
share, calculated on the basis of the Warrant Price.

            2.6   RESTRICTIONS ON EXERCISE. This Warrant may not be exercised if
the  issuance  of the  Warrant  Stock  upon such  exercise  would  constitute  a
violation of any applicable  federal or state  securities  laws or other laws or
regulations.  As a condition to the exercise of this Warrant, the Warrant Holder
shall execute the subscription form attached hereto as Exhibit 1, confirming and
acknowledging that the  representations and warranties of the Warrant Holder set
forth in Section 5 are true and correct as of the date of exercise.

      3.    ISSUANCE  OF  STOCK.  This  Warrant  shall be  deemed  to have  been
exercised  immediately  prior  to the  close  of  business  on the  date  of its
surrender for exercise as provided above, and the person entitled to receive the
shares of Warrant Stock  issuable  upon such  exercise  shall be treated for all
purposes  as the holder of record of such  shares as of the close of business on
such date. As soon as practicable on or after such date, the Company shall issue
and deliver to the person or persons  entitled to receive the same a certificate
or  certificates  for the number of whole shares of Warrant Stock  issuable upon
such exercise.

      4.    ADJUSTMENT PROVISIONS. The number and character of shares of Warrant
Stock  issuable  upon  exercise of this Warrant (or any shares of stock or other
securities or property at the time  receivable or issuable upon exercise of this
Warrant) and the Warrant  Price  therefor,  are subject to  adjustment  upon the
occurrence of the following  events  between the date this Warrant is issued and
the date it is exercised:

            4.1   ADJUSTMENT FOR STOCK SPLITS AND STOCK  DIVIDENDS.  The Warrant
Price of this Warrant and the Number of Shares of Warrant  Stock  issuable  upon
exercise of this Warrant (or any shares of stock or other securities at the time
issuable upon exercise of this Warrant) shall each be proportionally adjusted to
reflect any stock dividend, stock split or reverse stock split, or other similar
event affecting the number of outstanding shares of Warrant Stock (or such other
stock or securities).

            4.2   ADJUSTMENT FOR OTHER DIVIDENDS AND DISTRIBUTIONS.  In case the
Company shall make or issue, or shall fix a record date for the determination of
eligible holders entitled to receive, a dividend or other  distribution  payable
respect to the Warrant  Stock that is payable in (a)  securities  of the Company
(other than  issuances  with respect to which  adjustment is made under Sections
4.1 or 4.3) or (b) assets (other than cash  dividends paid or payable solely out
of retained  earnings),  then, and in each such case, the Warrant  Holder,  upon
exercise of this Warrant at any time after the  consummation,  effective date or
record date of such event,  shall receive,  in addition to the shares of Warrant
Stock  issuable upon such exercise  prior to such date,  the  securities or such
other assets of the Company to which the Warrant Holder would have been entitled
upon such date if the Warrant  Holder had  exercised  this  Warrant  immediately
prior thereto (all subject to further adjustment as provided in this Warrant).

                                       3
<PAGE>

            4.3   ADJUSTMENT FOR REORGANIZATION,  CONSOLIDATION, MERGER. In case
of any  recapitalization or reorganization of the Company after the date of this
Warrant,  or in case,  after such date,  the Company shall  consolidate  with or
merge into another corporation, then, and in each such case, the Warrant Holder,
upon the  exercise of this Warrant (as provided in Section 2), at any time after
the  consummation of such  recapitalization,  reorganization,  consolidation  or
merger,  shall be entitled to receive,  in lieu of the stock or other securities
and  property  receivable  upon  the  exercise  of this  Warrant  prior  to such
consummation,  the stock or other  securities  or  property to which the Warrant
Holder would have been entitled upon the consummation of such  recapitalization,
reorganization, consolidation or merger if the Warrant Holder had exercised this
Warrant immediately prior thereto, all subject to further adjustment as provided
in  this  Warrant,   and  the  successor  or  purchasing   corporation  in  such
reorganization,  consolidation  or merger (if other than the Company) shall duly
execute and deliver to the Warrant Holder a supplement hereto acknowledging such
corporation's  obligations under this Warrant;  and in each such case, the terms
of this Warrant shall be  applicable to the shares of stock or other  securities
or property  receivable upon the exercise of this Warrant after the consummation
of such reorganization, consolidation or merger.

            4.4   CONVERSION OF STOCK.  In case all the authorized  Common Stock
of  the  Company  is  converted,   pursuant  to  the  Company's  Certificate  of
Incorporation,  into other securities or property, or the Common Stock otherwise
ceases to exist,  then, in such case, the Warrant Holder,  upon exercise of this
Warrant at any time after the date on which the Common  Stock is so converted or
ceases to exist (the "TERMINATION  DATE"),  shall receive, in lieu of the number
of shares of Common  Stock  that  would have been  issuable  upon such  exercise
immediately  prior to the  Termination  Date  (the  "FORMER  NUMBER OF SHARES OF
WARRANT  STOCK"),  the stock and other securities and property which the Warrant
Holder  would have been  entitled to receive  upon the  Termination  Date if the
Warrant  Holder had exercised  this Warrant with respect to the Former Number of
Shares of Warrant Stock  immediately  prior to the Termination Date (all subject
to further adjustment as provided in this Warrant).

            4.5   NOTICE OF ADJUSTMENTS. The Company shall promptly give written
notice of each  adjustment or readjustment of the Warrant Price or the number of
shares of Warrant  Stock or other  securities  issuable  upon  exercise  of this
Warrant.  The notice shall describe the adjustment or  readjustment  and show in
reasonable detail the facts on which the adjustment or readjustment is based.

            4.6   NO  CHANGE  NECESSARY.  The form of this  Warrant  need not be
changed  because  of any  adjustment  in the  Warrant  Price or in the number of
shares of Warrant Stock issuable upon its exercise.

            4.7   RESERVATION  OF STOCK.  If at any time the number of shares of
Warrant Stock or other  securities  issuable upon exercise of this Warrant shall
not be sufficient to effect the exercise of this Warrant,  the Company will take
such  corporate  action as may, in the opinion of its  counsel,  be necessary to
increase its authorized but unissued shares of Warrant Stock or other securities
issuable upon exercise of this Warrant as shall be sufficient for such purpose.

                                       4
<PAGE>

      5.    REPRESENTATIONS  AND  WARRANTIES OF WARRANT  HOLDER.  Warrant Holder
represents and warrants to the Company as follows:

            5.1   PURCHASE  FOR OWN ACCOUNT FOR  INVESTMENT.  Warrant  Holder is
purchasing  the Warrant  Stock for Warrant  Holder's own account for  investment
purposes  only  and not  with a view  to,  or for  sale in  connection  with,  a
distribution  of the Warrant Stock within the meaning of the  Securities  Act of
1933, as amended (the "1933 ACT").  Warrant  Holder has no present  intention of
selling or otherwise disposing of all or any portion of the Warrant Stock and no
one other than Warrant Holder has any beneficial ownership of any of the Warrant
Stock.

            5.2   ACCESS TO  INFORMATION.  Warrant  Holder has had access to all
information  regarding  the Company and its  present and  prospective  business,
assets,  liabilities  and financial  condition  that Warrant  Holder  reasonably
considers  important in making the decision to purchase the Warrant  Stock,  and
Warrant  Holder has had ample  opportunity  to ask  questions  of the  Company's
representatives concerning such matters and this investment.

            5.3   UNDERSTANDING OF RISKS.  Warrant Holder is fully aware of: (a)
the highly  speculative  nature of the investment in the Warrant Stock;  (b) the
financial hazards  involved;  (c) the lack of liquidity of the Warrant Stock and
the  restrictions on  transferability  of the Warrant Stock (e.g.,  that Warrant
Holder may not be able to sell or dispose  of the  Warrant  Stock or use them as
collateral for loans);  (d) the qualifications and backgrounds of the management
of the Company; and (e) the tax consequences of investment in the Warrant Stock.

            5.4   WARRANT   HOLDER'S   QUALIFICATIONS.   Warrant  Holder  has  a
preexisting personal or business relationship with the Company and/or certain of
its  officers  and/or  directors  of a nature and  duration  sufficient  to make
Warrant Holder aware of the character,  business acumen and general business and
financial  circumstances  of the Company and/or such officers and directors.  By
reason of Warrant Holder's business or financial  experience,  Warrant Holder is
capable of evaluating the merits and risks of this  investment,  has the ability
to protect Warrant Holder's own interests in this transaction and is financially
capable of bearing a total loss of this investment.

            5.5   NO  GENERAL  SOLICITATION.  At  no  time  was  Warrant  Holder
presented  with or  solicited by any publicly  issued or  circulated  newspaper,
mail, radio,  television or other form of general advertising or solicitation in
connection with the offer, sale and purchase of the Warrant Stock.

            5.6   COMPLIANCE WITH SECURITIES  LAWS.  Warrant Holder  understands
and acknowledges that, in reliance upon the  representations and warranties made
by Warrant Holder herein,  the Warrant Stock are not being  registered  with the
SEC under the 1933 Act,  but  instead are being  issued  under an  exemption  or
exemptions from the registration and qualification  requirements of the 1933 Act
which impose certain  restrictions on Warrant  Holder's  ability to transfer the
Warrant Stock.

            5.7   RESTRICTIONS  ON TRANSFER.  Warrant  Holder  understands  that
Warrant  Holder may not transfer any Warrant  Stock unless such Warrant Stock is
registered  under  the 1933 Act or other  applicable  state  securities  laws or
unless,  in  the  opinion  of  counsel  to the  Company,  exemptions  from  such
registration  and  qualification  requirements  are  available.  Warrant  Holder
understands  that only the Company may file a  registration  statement  with the
SEC. Warrant Holder has also been advised that exemptions from  registration and
qualification  may not be available or may not permit Warrant Holder to transfer
all or any of the  Warrant  Stock in the  amounts  or at the times  proposed  by
Warrant Holder.

                                       5
<PAGE>

            5.8   LEGENDS. It is understood that the certificates evidencing the
Warrant Stock and the Common Stock issuable upon exercise thereof, will bear the
legend set forth below:

            THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
            SECURITIES  ACT OF 1933,  AS  AMENDED  (THE  "ACT"),  OR  UNDER  THE
            SECURITIES  LAWS OF ANY OTHER  JURISDICTIONS.  THESE  SECURITIES ARE
            SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE
            TRANSFERRED  OR  RESOLD  EXCEPT AS  PERMITTED  UNDER THE ACT AND THE
            APPLICABLE  STATE  SECURITIES  LAWS,  PURSUANT  TO  REGISTRATION  OR
            EXEMPTION  THEREFROM.  INVESTORS  SHOULD  BE AWARE  THAT THEY MAY BE
            REQUIRED  TO BEAR  THE  FINANCIAL  RISKS OF THIS  INVESTMENT  FOR AN
            INDEFINITE  PERIOD  OF TIME.  THE  ISSUER  OF THESE  SECURITIES  MAY
            REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE  SATISFACTORY TO
            THE ISSUER TO THE EFFECT THAT ANY PROPOSED  TRANSFER OR RESALE IS IN
            COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

      6.    NO RIGHTS OR  LIABILITIES AS  STOCKHOLDER.  This Warrant does not by
itself  entitle the  Warrant  Holder to any voting  rights or other  rights as a
shareholder of the Company.  In the absence of affirmative action by the Warrant
Holder to purchase  Warrant Stock by exercise of this Warrant,  no provisions of
this  Warrant,  and no  enumeration  herein of the rights or  privileges  of the
Warrant  Holder,  shall  cause the  Warrant  Holder to be a  shareholder  of the
Company for any purpose.

      7.    NO IMPAIRMENT. The Company will not, by amendment of its Certificate
of Incorporation or Bylaws, or through  reorganization,  consolidation,  merger,
dissolution,  issue or sale of securities, sale of assets or any other voluntary
action, willfully 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  action as may be
necessary or  appropriate  in order to protect the rights of the holder  against
wrongful  impairment.  Without  limiting the  generality of the  foregoing,  the
Company will take all such action as may be necessary  or  appropriate  in order
that the Company may duly and validly issue fully paid and nonassessable  shares
of Warrant Stock upon the exercise of this Warrant.

      8.    ATTORNEYS'  FEES.  In the event any party is  required to engage the
services of any  attorneys  for the purpose of enforcing  this  Warrant,  or any
provision  thereof,  the  prevailing  party  shall be  entitled  to recover  its
reasonable  expenses and costs in enforcing this Warrant,  including  attorneys'
fees.

                                       6
<PAGE>

      9.    TRANSFER.  Neither  this  Warrant  nor any rights  hereunder  may be
assigned,  conveyed or transferred,  in whole or in part,  without the Company's
prior written  consent,  which the Company may withhold in its sole  discretion.
The rights and  obligations  of the Company and the  Warrant  Holder  under this
Warrant shall be binding upon and benefit their respective permitted successors,
assigns, heirs, administrators and transferees.

      10.   GOVERNING LAW. This Warrant shall be governed by and construed under
the  internal  laws of the State of  Delaware  as  applied to  agreements  among
Delaware  residents  entered into and to be performed  entirely within Delaware,
without reference to principles of conflict of laws or choice of laws.

      11.   HEADINGS.  The headings  and captions  used in this Warrant are used
only for  convenience and are not to be considered in construing or interpreting
this Warrant.  All  references  in this Warrant to sections and exhibits  shall,
unless  otherwise  provided,  refer to  sections  hereof and  exhibits  attached
hereto, all of which exhibits are incorporated herein by this reference.

      12.   NOTICES. Unless otherwise provided, any notice required or permitted
under this Agreement  shall be given in writing and shall be deemed  effectively
given (i) at the time of personal delivery,  if delivery is in person;  (ii) one
(1) business  day after  deposit  with an express  overnight  courier for United
States  deliveries,  or two (2) business days after such deposit for  deliveries
outside of the United States, with proof of delivery from the courier requested;
or (iii)  three (3)  business  days after  deposit in the United  States mail by
certified  mail (return  receipt  requested) for United States  deliveries  when
addressed to the party to be notified at the address indicated for such party in
the first  paragraph  of this  Warrant or, in the case of the  Company,  at 8000
Towers Crescent Drive, Suite 1220, Vienna, VA 22182, or at such other address as
any party or the Company may designate by giving ten (10) days' advance  written
notice to all other parties.

      13.   AMENDMENT;  WAIVER. 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)  only with the
written consent of the Company and the Warrant  Holder.  Any amendment or waiver
effected  in  accordance  with this  Section  shall be binding  upon the Warrant
Holder, each future holder of such securities, and the Company.

      14.   SEVERABILITY.  If one or more provisions of this Warrant are held to
be unenforceable  under applicable law, such provision(s) shall be excluded from
this  Warrant  and the balance of the Warrant  shall be  interpreted  as if such
provision(s)  were so excluded and shall be enforceable  in accordance  with its
terms.

      15.   TERMS  BINDING.  By acceptance of this Warrant,  the Warrant  Holder
accepts and agrees to be bound by all the terms and conditions of this Warrant.

      16.   COUNTERPARTS.  This  Warrant  may  be  executed  in  any  number  of
counterparts,  each of which when so executed  and  delivered  will be deemed an
original, and all of which together shall constitute one and the same agreement.

                                       7
<PAGE>

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

THE COMPANY:
-----------

ARIEL WAY, INC.

By:
          -----------------------

Name:     Arne Dunhem
          -----------------------

Title:    President and CEO
          -----------------------

AGREED AND ACKNOWLEDGED

THE HOLDER:
----------

OBERON SECURITIES, LLC

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

<PAGE>

                                    EXHIBIT 1

                              FORM OF SUBSCRIPTION
                  (TO BE SIGNED ONLY UPON EXERCISE OF WARRANT)

      To: Ariel Way, Inc.

      (1) The  undersigned  Warrant  Holder hereby elects to purchase  shares of
Common Stock of Ariel Way, Inc. (the "WARRANT STOCK"),  pursuant to the terms of
the attached  Warrant,  and tenders  herewith  payment of the purchase price for
such shares in full or accepts  cancellation  of  indebtedness of the Company to
the Warrant Holder of the same equal amount.

      (2) In  exercising  the Warrant,  the  undersigned  Warrant  Holder hereby
confirms and acknowledges that the  representations  and warranties set forth in
Section  __ of the  Warrant  as they  apply to the  undersigned  Warrant  Holder
continue to be true and correct as of this date.

      (3) Please issue a certificate or certificates representing such shares of
Warrant Stock in the name specified below:

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

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

                                       -----------------------------------
                                       (City, State, Zip Code)

                                       -----------------------------------
                                       (Federal Tax Identification Number)

                                       -----------------------------------
                                       (Date)EXHIBIT 10.23

                                 PROMISSORY NOTE

                                  July 28, 2005

Jersey City, New Jersey                                              $   600,000

      FOR  VALUE  RECEIVED,   the  undersigned,   ARIEL  WAY,  INC.,  a  Florida
corporation (the "Company"),  promises to pay CORNELL CAPITAL PARTNERS,  LP (the
"Lender") at 101 Hudson  Street,  Suite 3700,  Jersey City,  New Jersey 07302 or
other address as the Lender shall  specify in writing,  the principal sum of Six
Hundred Thousand U.S. Dollars and 00/100 ($600,000) (the "Principal Amount") and
interest  at the  annual  rate of twelve  percent  (12%) on the  unpaid  balance
pursuant to the following terms:

1. Principal and Interest.  The Principal  Amount of this  Promissory Note (this
"Note") shall be funded Two Hundred  Forty  Thousand  (U.S.)  Dollars and 00/100
($240,000) on the date hereof and Three Hundred Sixty  Thousand  (U.S.)  Dollars
and 00/100  ($360,000)  upon the Company filing Form SB-2 with the United States
Securities and Exchange Commission.

      of The Company hereby promises to pay to the order of the Lender in lawful
money of the United States of American and in immediately  available  funds, the
Principal  Amount of Six Hundred  Thousand  Dollars  ($600,000),  together  with
interest  on the  unpaid  principal  of this Note on or before the six (6) month
anniversary of the date hereof.

2. Right of Prepayment.  Notwithstanding  the payment(s)  pursuant to Section 1,
the  Company  at its  option  shall  have the right to  prepay,  with  three (3)
business days advance  written notice,  a portion or all  outstanding  principal
plus outstanding Interest of this Note.

3. Fees.  The Lender shall be entitled to a cash fee equal to ten percent  (10%)
of the gross amount of this Note as well as a structuring  fee of Seven Thousand
Five Hundred Dollars ($7,500).

4.  Warrants.  The Company  shall issue,  on the date hereof,  to the Lender,  a
warrant to purchase One Million (1,000,000) shares of the Company's Common Stock
(the "Warrant  Shares") for a period of three (3) years at an exercise price per
share  pursuant  to the terms  noted on the form of Warrant  attached  hereto as
Schedule I. The Warrant Shares shall have  "piggy-back" and demand  registration
rights.

<PAGE>

5. Waiver and  Consent.  To the fullest  extent  permitted  by law and except as
otherwise  provided  herein,  the Company waives demand,  presentment,  protest,
notice of dishonor,  suit against or joinder of any other person,  and all other
requirements necessary to charge or hold the Company liable with respect to this
Note.

6. Costs, Indemnities and Expenses. In the event of default as described herein,
the Company agrees to pay all  reasonable  fees and costs incurred by the Lender
in  collecting  or  securing  or  attempting  to  collect  or secure  this Note,
including  reasonable  attorneys'  fees and  expenses,  whether or not involving
litigation,  collecting  upon  any  judgments  and/or  appellate  or  bankruptcy
proceedings.  The Company agrees to pay any documentary stamp taxes,  intangible
taxes  or other  taxes  which  may now or  hereafter  apply to this  Note or any
payment made in respect of this Note,  and the Company  agrees to indemnify  and
hold the Lender harmless from and against any liability, costs, attorneys' fees,
penalties, interest or expenses relating to any such taxes, as and when the same
may be incurred.

7. Event of Default. An "Event of Default" shall be deemed to have occurred upon
the  occurrence  of any of the  following:  (i) the Company  should fail for any
reason  or for no  reason  to make any  payment  of the  interest  or  principal
pursuant to this Note within ten (10) days of the date due as prescribed herein;
(ii) the Company shall fail to observe or perform any other covenant,  agreement
or warranty  contained in, or otherwise commit any material breach or default of
any material  provision  of this Note or any of the  Transaction  Documents  (as
defined herein),  which is not cured within ten (10) days notice of the default;
(iii) the Company or any  subsidiary  of the Company  shall  commence,  or there
shall be commenced  against the Company or any  subsidiary  of the Company under
any  applicable  bankruptcy or insolvency  laws as now or hereafter in effect or
any successor thereto, or the Company or any subsidiary of the Company commences
any other proceeding under any reorganization,  arrangement, adjustment of debt,
relief of debtors, dissolution,  insolvency or liquidation or similar law of any
jurisdiction  whether now or hereafter in effect  relating to the Company or any
subsidiary  of the  Company or there is  commenced  against  the  Company or any
subsidiary of the Company any such  bankruptcy,  insolvency or other  proceeding
which  remains  undismissed  for a period  of 61  days;  or the  Company  or any
subsidiary of the Company is adjudicated  insolvent or bankrupt; or any order of
relief or other order  approving any such case or proceeding is entered;  or the
Company  or any  subsidiary  of  the  Company  suffers  any  appointment  of any
custodian,  private  or  court  appointed  receiver  or the  like  for it or any
substantial part of its property which continues  undischarged or unstayed for a
period of sixty one (61) days;  or the Company or any  subsidiary of the Company
makes a general  assignment for the benefit of creditors;  or the Company or any
subsidiary of the Company shall fail to pay, or shall state that it is unable to
pay, or shall be unable to pay,  its debts  generally as they become due; or the
Company or any  subsidiary  of the Company shall call a meeting of its creditors
with a view to  arranging a  composition,  adjustment  or  restructuring  of its
debts;  or the  Company or any  subsidiary  of the  Company  shall by any act or
failure to act expressly indicate its consent to, approval of or acquiescence in
any of the  foregoing;  or any corporate or other action is taken by the Company
or any  subsidiary  of the  Company  for the  purpose  of  effecting  any of the
foregoing;  (iv) the Common  Stock of the  Company  shall cease to be quoted for
trading or listed for trading on the National  Association of Securities Dealers
Inc.'s Over the Counter Bulletin Board,  Nasdaq SmallCap Market,  New York Stock
Exchange,  American  Stock  Exchange  or the Nasdaq  National  Market  (each,  a
"Subsequent Market") and shall not again be quoted or listed for trading thereon
within five (5) Trading Days of such  delisting;  or (v) a breach by the Company
of its  obligations,  or an  event  of  default,  under  any of the  Transaction
Documents,  or any other  agreements  entered  into  between the Company and the
Lender which is not cured by any applicable cure period set forth therein.

                                       2

<PAGE>

      Upon an Event of Default (as defined above),  the entire principal balance
and accrued interest  outstanding  under this Note, and all other obligations of
the Company under this Note,  shall be immediately  due and payable  without any
action on the part of the Lender,  interest shall accrue on the unpaid principal
balance at twenty four percent (24%) or the highest rate permitted by applicable
law, if lower,  and the Lender shall be entitled to seek and  institute  any and
all remedies available to it.

8. Maximum  Interest  Rate.  In no event shall any agreed to or actual  interest
charged,  reserved or taken by the Lender as consideration  for this Note exceed
the limits imposed by New Jersey law. In the event that the interest  provisions
of this Note shall result at any time or for any reason in an effective  rate of
interest  that exceeds the maximum  interest rate  permitted by applicable  law,
then without further agreement or notice the obligation to be fulfilled shall be
automatically  reduced  to such  limit and all sums  received  by the  Lender in
excess of those lawfully  collectible  as interest shall be applied  against the
principal of this Note immediately  upon the Lender's receipt thereof,  with the
same force and effect as though the Company  had  specifically  designated  such
extra  sums to be so applied  to  principal  and the Lender had agreed to accept
such extra payment(s) as a premium-free prepayment or prepayments.

9. Secured Nature of the Note.  This Note is secured by the Pledged  Property as
defined  in the  Security  Agreement  between  the  Company  and the  Lender  of
September 30, 2004, and the UCC-1  Financing  Statement  filed with the Delaware
Department  of State on October 27, 2004 as Filing No.  4302690 S, and  Virginia
Secretary of State as Filing No.: 041028 71789.

10.  Issuance  of  Capital  Stock.  So  long  as any  portion  of  this  Note is
outstanding,  the Company shall not,  without the prior  written  consent of the
Lender,  (i) issue or sell shares of common  stock or  preferred  stock  without
consideration  or for a  consideration  per share less than the bid price of the
common  stock  determined  immediately  prior to its  issuance,  (ii)  issue any
warrant,  option, right,  contract,  call, or other security instrument granting
the holder thereof,  the right to acquire common stock without  consideration or
for a  consideration  less than such common  stock's bid price value  determined
immediately  prior to it's  issuance,  (iii) enter into any security  instrument
granting the holder a security interest in any and all assets of the Company, or
(iv) file any registration statement on Form S-8.

11.  Cancellation  of Note.  Upon the  repayment  by the  Company  of all of its
obligations  hereunder  to  the  Lender,  including,   without  limitation,  the
principal  amount  of  this  Note,  plus  accrued  but  unpaid   interest,   the
indebtedness  evidenced hereby shall be deemed canceled and paid in full. Except
as  otherwise  required  by law or by the  provisions  of  this  Note,  payments
received by the Lender  hereunder  shall be applied first  against  expenses and
indemnities,  next against  interest accrued on this Note, and next in reduction
of the outstanding principal balance of this Note.

                                       3
<PAGE>

12. Severability.  If any provision of this Note is, for any reason,  invalid or
unenforceable,  the remaining provisions of this Note will nevertheless be valid
and enforceable and will remain in full force and effect.  Any provision of this
Note that is held invalid or unenforceable by a court of competent  jurisdiction
will be deemed modified to the extent necessary to make it valid and enforceable
and as so modified will remain in full force and effect.

13.  Amendment  and Waiver.  This Note may be amended,  or any provision of this
Note may be waived,  provided that any such  amendment or waiver will be binding
on a party  hereto  only if such  amendment  or waiver is set forth in a writing
executed by the parties hereto.  The waiver by any such party hereto of a breach
of any  provision  of this Note shall not operate or be construed as a waiver of
any other breach.

14. Successors.  Except as otherwise  provided herein,  this Note shall bind and
inure to the  benefit  of and be  enforceable  by the  parties  hereto and their
permitted successors and assigns.

15.  Assignment.  This Note shall not be directly or  indirectly  assignable  or
delegable  by the  Company.  The  Lender  may  assign  this Note as long as such
assignment complies with the Securities Act of 1933, as amended.

16. No Strict Construction.  The language used in this Note will be deemed to be
the language chosen by the parties hereto to express their mutual intent, and no
rule of strict construction will be applied against any party.

17.  Further  Assurances.  Each party hereto will execute all documents and take
such  other  actions  as the other  party  may  reasonably  request  in order to
consummate the  transactions  provided for herein and to accomplish the purposes
of this Note.

18.  Notices,   Consents,   etc.  Any  notices,   consents,   waivers  or  other
communications  required or permitted to be given under the terms hereof must be
in writing and will be deemed to have been  delivered:  (i) upon  receipt,  when
delivered  personally;  (ii)  upon  receipt,  when sent by  facsimile  (provided
confirmation of transmission  is  mechanically or  electronically  generated and
kept on file by the sending  party);  or (iii) one (1) trading day after deposit
with a nationally  recognized  overnight delivery service, in each case properly
addressed to the party to receive the same. The addresses and facsimile  numbers
for such communications shall be:

                                       4
<PAGE>

If to Company:               Ariel Way, Inc.
                             8000 Towers Crescent Drive
                             Suite 1220
                             Vienna, VA  22182
                             Attention: Arne Dunhem
                                        Chief Executive Officer
                             Telephone: (703) 918-2420
                             Facsimile: (703) 918-2450

With a copy to:              Kirkpatrick & Lockhart Nicholson Graham LLP
                             201 South Biscayne Boulevard - Suite 2000
                             Miami, FL  33131-2399
                             Attention: Clayton E. Parker, Esq.
                             Telephone: (305) 539-3300
                             Facsimile: (305) 358-7095

If to the Lender:            Cornell Capital Partners, LP
                             101 Hudson Street, Suite 3700
                             Jersey City, NJ 07302
                             Attention: Mark A. Angelo
                             Telephone: (201) 985-8300
                             Facsimile: (201) 985-8266

With a copy to:              David Gonzalez, Esq.
                             101 Hudson Street, Suite 3700
                             Jersey City, NJ 07302
                             Telephone: (201) 985-8300
                             Facsimile: (201) 985-8266

or at such other address and/or facsimile number and/or to the attention of such
other person as the  recipient  party has  specified by written  notice given to
each other  party  three (3)  trading  days prior to the  effectiveness  of such
change.  Written  confirmation  of receipt  (A) given by the  recipient  of such
notice,   consent,   waiver  or  other   communication,   (B)   mechanically  or
electronically  generated by the sender's facsimile machine containing the time,
date,  recipient  facsimile  number  and an  image  of the  first  page  of such
transmission  or (C)  provided by a  nationally  recognized  overnight  delivery
service, shall be rebuttable evidence of personal service,  receipt by facsimile
or receipt from a nationally recognized overnight delivery service in accordance
with clause (i), (ii) or (iii) above, respectively.

                                       5
<PAGE>

19. Remedies,  Other  Obligations,  Breaches and Injunctive Relief. The Lender's
remedies  provided in this Note shall be cumulative and in addition to all other
remedies available to the Lender under this Note, at law or in equity (including
a decree of specific  performance and/or other injunctive  relief), no remedy of
the Lender  contained  herein  shall be deemed a waiver of  compliance  with the
provisions  giving  rise to such  remedy  and  nothing  herein  shall  limit the
Lender's right to pursue actual damages for any failure by the Company to comply
with the terms of this Note. No remedy conferred under this Note upon the Lender
is  intended  to be  exclusive  of any other  remedy  available  to the  Lender,
pursuant to the terms of this Note or otherwise.  No single or partial  exercise
by the Lender of any right,  power or remedy  hereunder shall preclude any other
or further exercise thereof.  The failure of the Lender to exercise any right or
remedy  under  this Note or  otherwise,  or delay in  exercising  such  right or
remedy,  shall not  operate as a waiver  thereof.  Every right and remedy of the
Lender under any document  executed in connection  with this  transaction may be
exercised  from  time to time  and as often as may be  deemed  expedient  by the
Lender.  The  Company  acknowledges  that  a  breach  by it of  its  obligations
hereunder will cause  irreparable  harm to the Lender and that the remedy at law
for any such breach may be inadequate. The Company therefore agrees that, in the
event of any such breach or threatened breach, the Lender shall be entitled,  in
addition to all other  available  remedies,  to an  injunction  restraining  any
breach, and specific  performance without the necessity of showing economic loss
and without any bond or other security being required.

20.  Governing Law;  Jurisdiction.  All questions  concerning the  construction,
validity,  enforcement and interpretation of this Agreement shall be governed by
the  internal  laws of the State of New  Jersey,  without  giving  effect to any
choice of law or conflict of law  provision or rule (whether of the State of New
Jersey or any other  jurisdictions) that would cause the application of the laws
of any  jurisdictions  other than the State of New  Jersey.  Each  party  hereby
irrevocably  submits to the exclusive  jurisdiction of the Superior Court of the
State of New Jersey sitting in Hudson  County,  New Jersey and the United States
Federal  District  Court for the District of New Jersey  sitting in Newark,  New
Jersey, for the adjudication of any dispute hereunder or in connection  herewith
or therewith,  or with any transaction  contemplated hereby or discussed herein,
and hereby  irrevocably  waives, and agrees not to assert in any suit, action or
proceeding,  any claim that it is not personally  subject to the jurisdiction of
any  such  court,  that  such  suit,  action  or  proceeding  is  brought  in an
inconvenient  forum or that the  venue of such  suit,  action or  proceeding  is
improper.  Each party hereby  irrevocably waives personal service of process and
consents  to process  being  served in any such suit,  action or  proceeding  by
mailing a copy thereof to such party at the address for such notices to it under
this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof.  Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law.

21. No Inconsistent Agreements.  None of the parties hereto will hereafter enter
into any agreement, which is inconsistent with the rights granted to the parties
in this Note.

22. Third Parties.  Nothing herein  expressed or implied is intended or shall be
construed to confer upon or give to any person or entity, other than the parties
to this Note and their respective permitted successor and assigns, any rights or
remedies under or by reason of this Note.

                                       6
<PAGE>

23. Waiver of Jury Trial. AS A MATERIAL INDUCEMENT FOR THE LENDER TO LOAN TO THE
COMPANY THE MONIES  HEREUNDER,  THE COMPANY  HEREBY WAIVES ANY RIGHT TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING RELATED IN ANY WAY TO THIS AGREEMENT AND/OR ANY AND
ALL OF THE OTHER DOCUMENTS ASSOCIATED WITH THIS TRANSACTION.

24. Entire  Agreement.  This Note (including any recitals  hereto) set forth the
entire  understanding  of the parties with respect to the subject matter hereof,
and shall not be  modified  or affected  by any offer,  proposal,  statement  or
representation, oral or written, made by or for any party in connection with the
negotiation of the terms hereof,  and may be modified only by instruments signed
by all of the parties hereto.

                   [REMAINDER OF PAGE INTENTIONALY LEFT BLANK]

                                       7
<PAGE>

IN WITNESS  WHEREOF,  this  Promissory Note is executed by the undersigned as of
the date hereof.

                                CORNELL CAPITAL PARTNERS, LP

                                By: Yorkville Advisors, LLC
                                Its: General Partner

                                By: ______________________________
                                Name: Mark Angelo
                                Its:  Portfolio Manager

                                ARIEL WAY, INC.

                                By: _____________________________
                                Name:  Arne Dunhem
                                Title: Chief Executive Officer

                                       8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00089-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00089-of-00352.parquet"}]]