Document:

Exhibit 10.3B

            REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as of August
8, 2000, among LCS Golf, Inc., a Delaware corporation (the "Company") and
American Warrant Partners, LLC (the "Purchaser"). This Agreement is made
pursuant to the $300,000, 8% Convertible Note ("Convertible Note") and warrant
agreement ("Warrant Agreement") both of which are of even date herewith, by and
among the Company and the Purchaser. The Company has agreed to provide the
Purchaser and any transferees of Registrable Securities (as hereinafter defined)
that may be issued, from time to time, the registration rights with respect to
the Registrable Securities, as set forth in this Agreement. Capitalized terms
used herein without definition shall have the meanings set forth in the
Convertible Note and/or in the Warrant Agreement.

            The parties hereto agree as follows:

            1. Definitions.

            As used in this Agreement, the following capitalized terms shall
have the following meanings:

            "Commission" shall mean the Securities and Exchange Commission.

            "Common Stock" means the common stock, $.001 par value per share, of
the Company.

            "Convertible Note" means that certain 8% convertible subordinated
promissory note dated the date hereof between the Company and the Purchaser.

            "Holder" shall mean a Purchaser or its respective transferee, who is
the owner of Registrable Securities.

            "Person" shall mean an individual, partnership, corporation, limited
liability company, business trust, joint state company trust, unincorporated
organization, joint venture, a government authority or other entity of whatever
nature.

            "Prospectus" shall mean the prospectus included in any Registration
Statement, as amended or supplemented by any prospectus supplement with respect
to the terms of the offering of any portion of the Registrable Securities
covered by such Registration Statement, and all other amendments and supplements
to the Prospectus, including post-effective amendments to the Registration
Statement of which such Prospectus is a part, and all material incorporated by
reference in such Prospectus.

            "Registrable Securities" shall mean the Securities, but only so long
as they remain Restricted Securities.

            "Registration Expenses" shall have the meaning ascribed thereto in
Section 6 hereof.

<PAGE>

            "Registration Statement" means any registration statement of the
Company that covers any of the Registrable Securities pursuant to the provisions
of this Agreement, including the Prospectus, amendments and supplements to such
Registration Statement, including post-effective amendments, all exhibits, and
all material incorporated by reference in such Registration Statement.

            "Restricted Securities" means the Securities unless and until, in
the case of any such Securities, (i) they have been effectively registered under
the Securities Act and disposed of in accordance with the Registration Statement
covering them, (ii) they are distributed to the public pursuant to Rule 144 (or
any similar provision then in force) under the Securities Act, or (iii) they are
otherwise freely transferable without restriction under the Securities Act, and
the holders thereof have received an opinion of their legal counsel to such
effect.

            "Securities" shall mean any and all shares of Common Stock issued to
Purchaser or their transferees or which may be issued upon the conversion of the
Convertible Note or the exercise of the Warrant.

            "Securities Act" shall mean the Securities Act of 1933, as amended,
and the rules and regulations promulgated thereunder.

            "Warrant" shall mean warrants issued pursuant to the Warrant
Agreement which are exercisable for five years to purchase Common Stock at an
exercise price of $.40 per share.

            2. Securities Subject to this Agreement. The Securities entitled to
the benefits of this Agreement are the Registrable Securities.

            3. Shelf Registration.

            (a) The Company shall file with the Commission as soon as reasonably
practicable, but in no event later than September 15, 2000, a Registration
Statement on any appropriate form pursuant to Rule 415 under the Act and/or any
similar rule that may be adopted by the Commission with respect to all of the
Registrable Securities; provided, however, that if such Registration Statement
is not declared effective by November 15, 2000, the Company will (i) reduce the
exercise price of the Warrant ("Exercise Price") and the conversion price of the
Convertible Note ("Conversion Price") in an amount equal to 2% of the Exercise
Price and the Conversion Price, and (ii) increase the Interest Rate of the
Convertible Note by 2% per annum per each 30-day period until such time that the
Registration Statement is declared effective by the Commission or each of the
Exercise Price and the Conversion Price becomes equal to $0.05 per share and the
Interest Rate of the Convertible Note increases to 15% per annum. The Company
agrees (i) to use its commercially reasonable efforts to have such Registration
Statement declared effective by November 15, 2000 and (ii) to keep such
Registration Statement continuously effective (and to take any and all other
actions necessary in order to permit public resale of the Registrable Securities
covered by such Registration Statement) for a period until such date as is the
earlier of (a) the date on which at least 75% of the Registrable Securities have
been sold, (b) the date on which at least 75% of the Registrable Securities may
be immediately sold to the public without registration or restriction pursuant
to Rule 144(k) under the Securities Act or any successor provision, (c) the date
on which all restrictive legends have

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<PAGE>

been removed from all Registrable Securities and all "stop transfer"
instructions issued to the Company's transfer agent have been canceled or (d)
two (2) years following the date on which such Registration Statement is
declared effective.

            If (i) the Registration Statement is not declared effective by
November 15, or (ii) a stop order is imposed or if for any other reason the
effectiveness of the Registration Statement is suspended or the Registration
Statement is no longer current and requires amendment pursuant to Section 5
hereof during the period that the Registration Statement is required to remain
effective pursuant to this Section 3, and such suspension or period during which
the Registration Statement is not current continues for 30 consecutive days,
then the Company shall (i) reduce each of the Exercise Price and the Conversion
Price, to the extent it has not been previously exercised, in an amount equal to
2% of the Exercise Price and the Conversion, and (ii) increase the Interest Rate
of the Convertible Note by 2% per annum per each 30-day period subsequent to the
initial 30-day period previously mentioned in this sentence that such
Registration Statement is not declared effective by the Commission until each of
Exercise Price and the Conversion Price becomes $0.05 per share and the Interest
Rate of the Convertible Note is increased to 15% per annum. Notwithstanding the
foregoing, the immediately preceding sentence shall not apply if the stop order,
suspension or requirement for amendment arises out of any action, omission or
information provided to the Company by such Holder or such Holder's distribution
of the Registrable Securities.

            4. Information. The Company may require the Holders to furnish to
the Company such information in writing regarding themselves and the
distribution of Registrable Securities as the Company may from time to time
reasonably request in writing in order to comply with the Securities Act. The
Holders agree to supply the Company as promptly as practicable with such
information and to notify the Company as promptly as practicable of any
inaccuracy or change in information they have previously furnished to the
Company.

            5. Registration Procedures. The Company shall:

            (a) In accordance with the Securities Act and the rules and
regulations of the Commission, prepare and file with the Commission a
Registration Statement in the form of an appropriate registration statement with
respect to the Registrable Securities and use its best efforts to cause such
Registration Statement to become and remain continuously effective until the
earlier of (i) the time that set forth in Section 3(a) above, and (ii) two years
after such Registration Statement has been declared effective; provided that, if
for any portion of such two year period the Registration Statement is not
effective, then such two year requirement for maintaining the effectiveness of
the Registration Statement shall be extended by the length of such
interruption(s), and shall prepare and file with the Commission such amendments
to such Registration Statement and supplements to the Prospectus contained
therein as may be necessary to keep such Registration Statement effective and
such Registration Statement and Prospectus accurate and complete during such
period;

            (b) Furnish to each Holder participating in such registration (each
of such Persons being referred to herein as a "Participant" in such
registration) such reasonable number of copies of the Registration Statement and
Prospectus and such other documents as such Participant may reasonably request
in order to facilitate the public offering of the Registrable Securities;

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<PAGE>

            (c) Use its best efforts to register or qualify the Securities
covered by such Registration Statement under such state securities or blue sky
laws of such jurisdictions as such Participants may reasonably request;
provided, however, that the Company shall not be obligated to file any general
consent to service of process or to qualify as a foreign corporation in any
jurisdiction in which it is not so qualified or to subject itself to taxation in
connection with any such registration or qualification of such Securities;

            (d) Notify the Participants in such registration, promptly after it
shall receive notice thereof, of the date and time when such Registration
Statement and each post-effective amendment thereto has become effective or a
supplement to any Prospectus forming a part of such Registration Statement has
been filed;

            (e) Notify the Participants in such registration promptly of any
request by the Commission for the amending or supplementing of such Registration
Statement or Prospectus or for additional information;

            (f) Prepare and file with the Commission, promptly upon the request
of any Participant in such registration, the Registration Statement and any
amendments or supplements to such Registration Statement or Prospectus that, in
the reasonable opinion of counsel for such Participants, is required under the
Securities Act or the rules and regulations thereunder in connection with the
distribution of the Securities by such Participants or to otherwise comply with
the requirements of the Securities Act and such rules and regulations;

            (g) Prepare and promptly file with the Commission and promptly
notify the Participants in such registration of the filing of such amendments or
supplements to such Registration Statement or Prospectus as may be necessary to
correct any statements or omissions if, at the time when a Prospectus relating
to such Securities is required to be delivered under the Securities Act, any
event has occurred as the result of which any such Prospectus or any other
Prospectus then in effect may include an untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to
make the statements therein not misleading;

            (h) Advise the Participants in such registration, promptly after it
shall receive notice or obtain knowledge thereof, of the issuance of any stop
order by the Commission suspending the effectiveness of such Registration
Statement or the initiation or threatening of any proceeding for that purpose
and promptly use its best efforts to prevent the issuance of any stop order or
to obtain its withdrawal if such stop order should be issued;

            (i) Otherwise use its best efforts to comply with all applicable
rules and regulations of the Commission, and make generally available to the
Company's security holders earnings statements satisfying the provisions of
Section 11(a) of the Securities Act, no later than forty-five (45) days after
the end of any twelve (12) month period (or ninety (90) days, if such a period
is a fiscal year) beginning with the first month of the Company's first fiscal
quarter commencing after the effective date of a Registration Statement;

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<PAGE>

            (j) Not file any amendment or supplement to such Registration
Statement or Prospectus to which a majority in interest of the Participants in
such registration has reasonably objected on the grounds that such amendment or
supplement does not comply in all material respects with the requirements of the
Securities Act or the rules and regulations thereunder, after having been
furnished with a copy thereof at least three (3) business days prior to the
filing thereof unless the Company shall have been advised in writing by its
counsel that such amendment is required under the Securities Act or the rules or
regulations adopted thereunder in connection with the distribution of Securities
by the Company or the Participants.

            6 Expenses of Registration. Except as provided in the following
sentence, all expenses of the Company incident to the Company's performance of
or compliance with the provisions of Sections 3, 4 and 5 of this Agreement shall
be borne by the Company including without limitation:

            (a) All registration and filing fees (exclusive of underwriting
discounts and commissions);

            (b) Fees and expenses of compliance with all securities or blue sky
laws (including fees and disbursements of counsel for the Company in connection
with blue sky qualifications of the Registrable Securities), provided, however,
that the Company shall not be obligated to file any general consent to service
of process or to qualify as a foreign corporation in any jurisdiction in which
it is not so qualified or to subject itself to taxation in connection with any
such registration or qualification of such Registrable Securities;

            (c) Printing, messenger, telephone and delivery expenses; and

            (d) Fees and disbursements of the Company's counsel and independent
auditors.

            Nothing in this Section 6 shall be deemed to require the Company to
pay or bear any expenses of any Participant's attorneys or accountants or any
other personal expenses or any underwriting discounts, selling commissions or
similar fees of the Participants if such registration results in an underwritten
public offering of all or any portion of the Registrable Securities, except as
otherwise set forth herein.

            7 Indemnification and Contribution.

            (a) Indemnification by the Company. Whenever, pursuant to Section 3,
a Registration Statement relating to the Registrable Securities is filed under
the Securities Act, the Company will (except as to matters covered by Section
7(b) hereof) indemnify and hold harmless each Participant in the registration,
each of their officers, directors and employees, each underwriter of Registrable
Securities, and each Person, if any, who controls any such Person (collectively,
the "Participant Indemnitees" and, individually, a "Participant Indemnitee"),
against any losses, claims, damages or liabilities, joint or several, to which
such Participant Indemnitees may become subject under the

                                      -5-
<PAGE>

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
such Registration Statement, or Prospectus contained therein, or any 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, unless any such
statement or omission is based on written information provided by the
Participant Indemnitee, or a representation of a Participant Indemnitee, that
such Participant Indemnitee has requested be included in such Registration
Statement or Prospectus, and will reimburse each Participant Indemnitee for all
legal or other expenses reasonably incurred by it in connection with
investigating or defending against such loss, claim, damage, liability or
action.

            (b) Indemnification by Participants. Each Participant in such
registration will indemnify and hold harmless the Company, each of its
directors, each of its officers who has signed the Registration Statement and
each other Person, if any, who controls the Company, within the meaning of the
Securities Act, each underwriter of Registrable Securities and each Person, if
any, who controls any such underwriter within the meaning of the Securities Act
(collectively, the "Company Indemnitees" and, individually, a "Company
Indemnitee") and each other Participant Indemnitee against all losses, claims,
damages or liabilities, joint or several, to which any of the Company
Indemnitees or the other Participant Indemnitees 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
such Registration Statement, or Prospectus contained therein, or any 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, but only if, and to the
extent that, such statement or omission was in reliance upon and in conformity
with written information furnished to the Company by such participant
specifically for use in the preparation thereof. Notwithstanding the foregoing,
the indemnification obligation of each Participant herein shall be limited to
the net proceeds received by such Participant in the offering of the Registrable
Securities effected by the Registration Statement.

            (c) Indemnification Procedures. Promptly after receipt by a
Participant Indemnitee or a Company Indemnitee (collectively, "Indemnitees" and,
individually, an "Indemnitee") under Section 7(a) or 7(b) hereof of notice of
the commencement of any action, such Indemnitee will, if a claim in respect
thereof is to be made against the indemnifying party under such clause, notify
the indemnifying party in writing of the commencement thereof; but the omission
so to notify the indemnifying party will not relieve the indemnifying party from
any liability that it may have to any Indemnitee otherwise than under such
clauses. In case any such action shall be brought against any Indemnitee, and it
shall notify the indemnifying party of the commencement thereof, the
indemnifying party shall be entitled to participate in, and, to the extent that
it may wish, jointly with any other indemnifying party similarly notified, to
assume the defense thereof, with counsel satisfactory to such Indemnitee, and
after notice from the indemnifying party to such Indemnitee of its election to
assume the defense thereof,

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<PAGE>

the indemnifying party shall not be liable to such Indemnitee under such clause
for any legal or other expenses subsequently incurred by such Indemnitee in
connection with the defense thereof other than reasonable costs of
investigation; provided, however, that the Indemnitee shall have the right to
employ one counsel to represent such Indemnitee if, in the reasonable judgment
of such Indemnitee, it is advisable for such party to be represented by separate
counsel because separate defenses are available, or because a conflict of
interest exists between such indemnified and indemnifying party in respect of
such claim, and in that event the fees and expenses of such separate counsel
shall be paid by the indemnifying party. Notwithstanding the foregoing, if the
Company is an Indemnitee, the Company shall designate the one counsel, and in
all other circumstances, the one counsel shall be designated by a majority in
interest based upon the Registrable Securities of the Indemnitees. For purposes
of this Section 7 the terms "control," and "controlling person" have the
meanings that they have under the Securities Act.

            (d) Contribution. If for any reason the foregoing indemnity is
unavailable, or is insufficient to hold harmless an Indemnitee, then the
indemnifying party shall contribute to the amount paid or payable by the
Indemnitee as a result of such losses, claims, damages, liabilities or expenses
(i) in such proportion as is appropriate to reflect the relative benefits
received by the indemnifying party on the one hand and the Indemnitee on the
other from the registration or (ii) if the allocation provided by clause (i)
above is not permitted by applicable law, or provides a lesser sum to the
Indemnitee than the amount hereinafter calculated, in such proportion as is
appropriate to reflect not only the relative benefits received by the
indemnifying party on the one hand and the Indemnitee on the other but also the
relative fault of the indemnifying party and the Indemnitee as well as any other
relevant equitable considerations. 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.

            8 Amendment and Modification. This Agreement may be amended,
modified or supplemented in any respect only by written agreement by the Company
and Holders owning a majority of the issued and outstanding shares of
Registrable Securities or Preferred Stock convertible into Registrable
Securities (provided that no such amendment shall unfairly discriminate against
a particular Holder relative to the other Holders).

            9 Governing Law. This Agreement and the rights and obligations of
the parties hereunder shall be governed by, and construed and interpreted in
accordance with, the laws of the State of New York, without giving effect to the
choice of law principles thereof.

            10 Invalidity of Provision. The invalidity or unenforceability of
any provision of this Agreement in any jurisdiction shall not affect the
validity or enforceability of the remainder of this Agreement in that
jurisdiction or the validity or enforceability of this Agreement, including that
provision, in any other jurisdiction.

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<PAGE>

            11 Notices. All notices and other communications hereunder shall be
in writing and, unless otherwise provided herein, shall be deemed duly given if
delivered personally or mailed by registered or certified mail (return receipt
requested) to the parties at the following addresses or (at such other address
for the party as shall be specified by like notice):

            (a)   If to the Company:

                        [LCS Golf]

                        or as the Company shall designate to the Purchaser in
                        writing,

                  with a copy to:

                        Littman Krooks Roth & Ball P.C.
                        655 Third Avenue
                        New York, New York 10011

            12 If to a Holder, as listed on the signature pages attached hereto
or as such Holder shall designate to the Company in writing,

                  with a copy to:

                        Olshan Grundman Frome Rosenzweig & Wolosky LLP
                        505 Park Avenue
                        New York, New York 10022
                        Attn: Kenneth Schlesinger, Esq.

            13 Headings; Execution in Counterparts. The headings and captions
contained herein are for convenience of reference only and shall not control or
affect the meaning or construction of any provision hereof. This Agreement may
be executed in any number of counterparts, each of which shall be deemed to be
an original and all of which together shall constitute one and the same
instrument.

            14 Entire Agreement. This Agreement, including any exhibits hereto
and the documents and instruments referred to herein and therein, embodies the
entire agreement and understanding of the parties hereto in respect of the
subject matter contained herein. There are no restrictions, promises,
representations, warranties,

                                      -8-
<PAGE>

covenants or undertakings, other than those expressly set forth or referred to
herein. This Agreement supersedes all prior agreements and understandings
between the parties with respect to such subject matter.

            15 Attorneys' Fees. If any legal action or any arbitration or other
proceeding is brought for the enforcement of this Agreement, or because of an
alleged dispute, breach, default or misrepresentation in connection with any of
the provisions of this Agreement, the successful or prevailing party or parties
shall be entitled to recover such reasonable attorneys' fees and other costs
incurred in that action or proceeding, in addition to any other relief to which
it or they may be entitled, as may be ordered in connection with such
proceeding.

            16 Successors and Assigns. This Agreement shall be binding upon the
parties hereto and their successors and assigns.

                                      -9-
<PAGE>

                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

            IN WITNESS WHEREOF, this Agreement has been signed by each of the
parties hereto as of the date first above written.

                                          LCS GOLF, INC.

                                      By:
                                          ------------------------------
                                          Name:
                                          Title:

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<PAGE>

                [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]

            IN WITNESS WHEREOF, this Agreement has been signed by each of the
parties hereto as of the date first above written.

                                      Purchaser

                                      AMERICAN WARRANT PARTNERS, LLC

                                      By:
                                          ------------------------------
                                          Name:
                                          Title:

                                      Address: 505 Park Avenue
                                               New York, New York 10022

                                      -11-Exhibit 10.3C

THIS WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE
STATE SECURITIES LAWS AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF
IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT TO THE
SECURITIES EVIDENCED BY THIS CERTIFICATE, FILED AND MADE EFFECTIVE UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, AND SUCH APPLICABLE STATE SECURITIES LAWS,
OR UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
TO THE EFFECT THAT REGISTRATION UNDER SUCH ACT AND SUCH APPLICABLE STATE
SECURITIES LAWS IS NOT REQUIRED.

                                          Dated:        August 8, 2000

                                     WARRANT

                                 LCS GOLF, INC.

                              Expiring August 8, 2005

            THIS IS TO CERTIFY THAT, for value received, American Warrant
Partners, LLC (the "Holder") is entitled, subject to certain conditions set
forth in Sections 1.1 and 1.2 hereof, to purchase from LCS GOLF, INC., a
Delaware corporation (the "Company"), at the Company's principal executive
office, at the Exercise Price, up to 600,000 shares (the"Warrant Shares") of
Common Stock, $.001 par value per share ("Common Stock"), all subject to
adjustment and upon the terms and conditions as hereinafter provided, and is
entitled also to exercise the other appurtenant rights, powers and privileges
hereinafter described.

            Certain terms used in this Warrant are defined in Article IV hereof.

ARTICLE 1

                               METHOD OF EXERCISE

            1.1. Time of Exercise. Subject to the provisions of Sections 1.2 and
1.3 hereof, this Warrant may be exercised in whole or in part at any time and
from time to time after 5:00 p.m. Eastern Time on the date first written above
and prior to the Expiration Time.

<PAGE>

            1.2. Method of Exercise. To exercise this Warrant in whole or in
part, the Holder shall deliver to the Company, at the Company's principal
executive office (a) this Warrant, (b) a written notice of such Holder's
election to exercise this Warrant in the form attached hereto and (c) payment of
the Exercise Price with respect to such shares. Such payment may be made, at the
option of the Holder, in cash, by certified or bank cashier's check, money order
or wire transfer, in the manner specified in the next succeeding paragraph, or
in any other manner consented to in writing by the Company, or any combination
thereof.

            Notwithstanding any provisions herein in the contrary, in lieu of
exercising this Warrant as hereinabove permitted, the Holder may elect to
exercise this Warrant or a portion hereof and to pay for the Warrant Shares
issuable upon such exercise by way of cashless exercise (a) by delivery shares
of Common Stock or other securities of the Company already owned by the Holder
with an aggregate Fair Market Value on the date of exercise equal to the
aggregate Exercise Price, subject, however, to the provisions of Section 16(b)
of the Exchange Act or (b) surrendering this Warrant at the principal executive
office of the Company, together with the Notice of Exercise, in which event the
Company shall issue to the Holder that number of Warrant Shares computed using
the following formula:

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

Where:

            X equals the number of Warrant Shares to be issued to the Holder;

            Y equals the number of Warrant Shares purchasable under the Warrant
            or, if only a portion of the Warrant is being exercised, the portion
            of the Warrant being exercised (at the date of such calculation);

            A equals Fair Market Value (at the date of such calculation) of one
            share of Common Stock; and

            B equals the Exercise Price.

                                       2
<PAGE>

            The Company shall, as promptly as practicable after receipt of the
items required by the preceding paragraphs of this Section 1.2, execute and
deliver or cause to be executed and delivered, in accordance with such notice, a
certificate or certificates representing the aggregate number of Warrant Shares
specified in such notice. The share certificate or certificates so delivered
shall be in such denominations as shall be specified in such notice and shall be
issued in the name of the Holder or such other name as shall be designated in
such notice; provided, in an opinion of counsel reasonably acceptable to the
Company, the issuance in such other name is permitted under the Act and
applicable state securities laws. Such certificate or certificates shall be
deemed to have been issued, and such Holder or Holders or any other person so
designated to be named therein shall be deemed for all purposes to have become a
Holder of record of such shares, as of the date the aforementioned notice is
received by the Company. If this Warrant shall have been exercised only in part,
the Company shall, at the time of delivery of the certificate or certificates,
deliver to the Holder a new Warrant evidencing the right to purchase the
remaining Warrant Shares called for by this Warrant, which new Warrant shall in
all other respects be identical with this Warrant, or, at the request of the
Holder, appropriate notations may be made on this Warrant which shall then be
returned to the Holder. The Company shall pay all expenses, taxes and other
charges payable in connection with the preparation, issuance and delivery of
share certificates and new Warrants, except that, if share certificates or new
Warrants shall be registered in a name or names other than the name of the
Holder, funds sufficient to pay all transfer taxes, if any, payable as a result
of such transfer shall be paid by the Holder at the time of delivering the
aforementioned notice of exercise or promptly upon receipt of a written request
of the Company for payment.

            1.3. Reservation of Shares; Shares To Be Fully Paid and
Nonassessable. The Company shall at all times reserve and keep available out of
its authorized but unissued shares of Common Stock, solely for the purpose of
effecting the exercise of this Warrant, such number of its shares of Common
Stock as shall from time to time be sufficient to effect the full exercise
hereof; and if at any time the number of authorized but unissued shares of
Common Stock shall not be sufficient to effect the full exercise hereof, in
addition to such other remedies as shall be available to the Holder, 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 Common Stock to such
number of shares as shall be sufficient for such purposes, including, without
limitation, engaging in best efforts to obtain the requisite stockholder
approval of any necessary amendment to these provisions. All Warrant Shares
issued upon the exercise of this Warrant, shall be duly and validly issued,
fully paid and nonassessable.

                                       3
<PAGE>

            1.4. No Fractional Shares To Be Issued. The Company shall not be
required to issue fractions of Warrant Shares upon exercise of this Warrant. If
any fractions of a share would, but for this Section, be issuable upon any
exercise of this Warrant, in lieu of such fractional share the Company shall pay
to the Holder, in cash, an amount equal to the same fraction of the Fair Market
Value of one share of Common Stock.

            1.5. Share Legend. Each certificate for Warrant Shares issued upon
exercise of this Warrant, unless at the time of exercise such shares are
registered under the Act, shall bear a legend substantially as follows:

      THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE
      SECURITIES LAWS AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF
      IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT TO THE
      SECURITIES EVIDENCED BY THIS CERTIFICATE, FILED AND MADE EFFECTIVE UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED, AND SUCH APPLICABLE STATE
      SECURITIES LAWS, OR UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL
      SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER SUCH ACT
      AND SUCH APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.

            Any certificate issued at any time in exchange or substitution for
any certificate bearing such legend (except a new certificate issued upon
completion of a public distribution pursuant to a registration statement under
the Act) shall also bear such legend unless, in the opinion of counsel
reasonably acceptable to the Company, the securities represented thereby need no
longer be subject to restrictions on resale under the Act.

                                   ARTICLE II

                      REPLACEMENTS OF WARRANT CERTIFICATES

            1.6. Loss, Theft or Destruction of Warrant Certificates. Upon
receipt of evidence satisfactory to the Company of the loss, theft, destruction
or mutilation of any Warrant and, in the case of any such loss, theft or
destruction, upon receipt of indemnity or

                                       4
<PAGE>

security from the Holder satisfactory to the Company, or, in the case of any
such mutilation, upon surrender and cancellation of the Warrant, the Company
will make and deliver, in lieu of such lost, stolen, destroyed or mutilated
Warrant, a new Warrant of like tenor and representing the right to purchase the
same aggregate number of Warrant Shares.

            1.7. Change of Principal Executive Office. In the event the Company
shall change the address of its principal executive office, the Company shall
give the holder of this Warrant notice of any such change within a reasonable
time. Any correspondence from the Company to the Holder with an address printed
on Company's letterhead shall fulfill this requirement.

                                   ARTICLE III

                             ANTIDILUTION PROVISIONS

            1.8. Adjustments Generally. The Exercise Price and the number of
shares of Common Stock (or other securities or property) issuable upon exercise
of this Warrant shall be subject to adjustment from time to time pursuant to the
Terms of the Registration Rights Agreement of even date herewith between the
Company and the Holder and upon the occurrence of certain events, as provided in
this Article III. In addition, to the adjustments provided in the Registration
Rights Agreement and in Section 3.2 hereof, the Exercise Price is subject to
adjustment (a) 30 days after the date hereof and/or (b) in the event the
Registration Statement is not filed by September 15, 2000, then on the date the
Registration Statement is filed with the Commission, to the lower of $.40 or 80%
of the Current Market Price.

            1.9. Issuance of Additional Securities. In addition to being subject
to adjustment pursuant to Section 3 of the Registration Rights Agreement date of
even date herewith (the "Registration Rights Agreement") in the event that there
is a delay in registering the Warrant Shares, the Exercise Price shall also be
subject to adjustment from time to time as follows:

            (1) Issuance of Common Stock. Except as hereinafter provided, in
case the Company shall, at any time after the date first written above, issue,
grant or sell any shares of Additional Stock (as hereinafter defined) for a
consideration, exercise or conversion price per share less than the Exercise
Price in effect immediately prior to the issuance or sale of such shares, or
without

                                       5
<PAGE>

consideration, then forthwith upon such issuance or sale, the Exercise Price
shall (upon such issuance or sale) be reduced to a price (calculated to the
nearest cent) determined by dividing (i) an amount equal to the sum of (a) the
total number of shares of Common Stock outstanding immediately prior to such
issuance or sale as determined in accordance with Section 3.2(a)(5) below
multiplied by the Exercise Price then in effect, plus (b) the consideration, if
any, received by the Company upon such issuance or sale, by (ii) the total
number of shares of Common Stock outstanding immediately after such issuance or
sale as determined in accordance with Section 3.2(a)(5) below; provided,
however, that in no event shall the Exercise Price be adjusted pursuant to this
computation to a price greater than the Exercise Price in effect immediately
prior to such computation, except as provided in Section 3.2(d)(2) hereof. Upon
each adjustment of the Exercise Price pursuant to this Section 3.2, this Warrant
will after the adjustment evidence the right to purchase, at the adjusted
Exercise Price, the number of shares (calculated to the nearest hundredth)
obtained by (a) multiplying the number of Warrant Shares issuable immediately
prior to the adjustment by the Exercise Price in effect immediately prior to the
adjustment and (b) dividing the resulting product by the Exercise Price in
effect immediately after the adjustment. However, the Company will not be
required to issue a fractional share or to make any payment in lieu of issuing a
fractional share.

            "Additional Stock" shall mean Common Stock or options, warrants or
other rights to acquire or securities convertible into or exchangeable for
shares of Common Stock, including shares held in the Corporation's treasury, and
shares of Common Stock issued upon the exercise of any options, rights or
warrants to subscribe for shares of Common Stock and shares of Common Stock
issued upon the direct or indirect conversion or exchange of securities for
shares of Common Stock to a price per share less than the current exercise
price, other than (i) the Warrant Shares, (ii) shares issuable upon the
conversion of the $300,000 8% Convertible Subordinated Promissory Note issued on
the date hereof to the Holder, (iii) Common Stock issued or issuable upon the
exercise of the Company's employee stock option plan to purchase up to 2,000,000
shares of Common Stock (adjusted for any stock splits dividends as
recapitalizations) as a post-closing, fully-diluted as converted basis, and (iv)
in connection with the acquisition by the Company of another entity or the
material assets of another entity.

            For the purpose of any computation to be made in accordance with
this Section 3.2(a), the following provisions shall be applicable:

            (1) In case of the issuance or sale of shares of Common Stock for a
consideration part or all of which shall be cash, the amount of the cash
consideration therefor shall be deemed to be the amount of cash received by the
Company for such shares (or, if shares of Common Stock are offered by the
Company for subscription, the subscription price, or, if such securities shall
be sold to underwriters or dealers for public offering without a subscription
offering, the initial public offering price) before deducting therefrom any
compensation paid or discount allowed in the sale, underwriting or purchase
thereof by underwriters or dealers or others

                                       6
<PAGE>

performing similar services, or any expenses incurred in connection therewith.

            (2) In the case of the issuance or sale (otherwise than as a
dividend or other distribution on any stock of the Company) of shares of Common
Stock for a consideration part or all of which shall be other than cash, the
amount of the consideration therefor other than cash shall be deemed to be the
fair market value of such consideration as determined in good faith by the
Board.

            (3) Shares of Common Stock issuable by way of dividend or other
distribution on any stock of the Company shall be deemed to have been issued
immediately after the opening of business on the day following the record date
for the determination of stockholders entitled to receive such dividend or other
distribution and shall be deemed to have been issued without consideration.

            (4) The reclassification of securities of the Company other than
shares of Common Stock into securities including shares of Common Stock shall be
deemed to involve the issuance of such shares of Common Stock for a
consideration other than cash immediately prior to the close of business on the
date fixed for the determination of security holders entitled to receive such
shares, and the value of the consideration allocable to such shares of Common
Stock shall be determined as provided in subsection (2) of this Section 3.2(a).

            (5) The number of shares of Common Stock at any one time outstanding
shall include the aggregate number of shares issued or issuable (subject to
readjustment upon the actual issuance thereof) upon the exercise of options,
rights, warrants and upon the conversion or exchange of convertible or
exchangeable securities.

            (2) Issuance of Convertible Securities. In the case the Company
shall at any time after the date hereof issue options, rights, or warrants to
subscribe for shares of Common Stock, or issue any securities convertible into
or exchangeable for shares of Common Stock, for a consideration per share (as
calculated as described below) less than the Exercise Price in effect
immediately prior to issuance of such options, rights or warrants, or such
convertible or exchangeable securities, or without consideration, the Exercise
Price in effect immediately prior to the issuance of such options, rights or
warrants, or such convertible or exchangeable securities, as the case may be,
shall be reduced to a price determined by making a computation in accordance
with the provisions of Section 3.2(a) hereof, provided that:

                                       7
<PAGE>

            (1) The aggregate maximum number of shares of Common Stock issuable
under such options, rights or warrants shall be deemed to be issued and
outstanding at the time such options, rights or warrants were issued, and shall
be deemed to be issued for a consideration equal to the minimum purchase price
per share provided for in such options, rights or warrants at the time of
issuance, plus the consideration received in connection with sale of the
foregoing, if any, received by the Company for such options, rights or warrants;
provided, however, that upon the expiration or other termination of such
options, rights or warrants, if any thereof shall not have been exercised, the
number of shares of Common Stock deemed to be issued and outstanding pursuant to
this subsection (1) shall be reduced by such number of shares as to which
options, warrants and/or rights shall have expired or terminated unexercised,
and such number of shares of Common Stock shall no longer be deemed to be issued
and outstanding, and the Exercise Price then in effect shall forthwith be
readjusted and thereafter be the price which it would have been had such
adjustment been made on the basis of the issuance only of shares of Common Stock
actually issued or issuable upon the exercise of those options, rights or
warrants as to which the exercise of rights shall not have expired or terminated
unexercised.

            (2) The aggregate maximum number of shares of Common Stock issuable
upon conversion or exchange of any convertible or exchangeable securities shall
be deemed to be issued and outstanding at the time of issuance of such
securities, and shall be deemed to be issued for a consideration equal to the
consideration received in connection with the sale of the foregoing received by
the Company for such securities, plus the consideration, if any, receivable by
the Company upon the conversion or exchange thereof; provided, however, that
upon the termination of the right to convert or exchange such convertible or
exchangeable securities (whether by reason of redemption or otherwise), the
number of shares deemed to be issued and outstanding pursuant to this subsection
(2) shall be reduced by such number of shares as to which the conversion or
exchange rights shall have expired or terminated unexercised, and such number of
shares shall no longer be deemed to be issued and outstanding and the Exercise
Price then in effect shall forthwith be readjusted and thereafter be the price
which it would have been had such adjustment been made on the basis of the
issuance only of shares actually issued or issuable upon the conversion or
exchange of those convertible or exchangeable securities as to which the
conversion or exchange rights shall not have expired or terminated unexercised.

            (3) If any change shall occur in the price per share provided for in
any of the options, rights or warrants referred to in subsection (1) of this
Section 3.2(b), or in the price per share

                                       8
<PAGE>

at which the securities referred to in subsection (2) of this Section 3.2(b) are
convertible or exchangeable, such options, rights or warrants or conversion or
exchange rights, as the case may be, shall be deemed to have expired or
terminated on the date when such price change became effective in respect of
shares not theretofore issued pursuant to the exercise or conversion or exchange
thereof, and the Company shall be deemed to have issued upon such date new
options, rights or warrants or convertible or exchangeable securities at the new
price in respect of the number of shares issuable upon the exercise of such
options, rights or warrants or the conversion or exchange of such convertible or
exchangeable securities.

            (4) Except as otherwise provided in this Section 3.2(b), no
adjustment of the Exercise Price shall be made upon the actual issuance of such
Common Stock upon exercise of options, rights or warrants or upon the actual
issuance of such Common Stock upon conversion or exchange of any convertible or
exchangeable securities.

            (3) Adjustments Generally. No adjustment in the Exercise Price shall
be required unless such adjustment would require an increase or decrease of at
least one cent ($0.01); provided, however, that any adjustments which by reason
of this Section 3.2 are not required to be made shall be carried forward and
taken into account in any subsequent adjustment required to be made hereunder.
All calculations under Section 3.2 shall be made to the nearest one cent
($0.01).

            (4) Voting Securities Treated as Common Stock. Common Stock for
purposes of this Section 3.2 shall be deemed to include securities ordinarily
having the right to vote in the election of directors (apart from rights
accruing under special circumstances); provided, however, that the number of
shares of Common Stock deemed issued shall be the number that equals the number
of shares of such security multiplied by a fraction, the numerator of which is
the number of votes each share of such security has in votes for the election of
directors and the denominator of which is the number of votes each share of
Common Stock has in votes for the election of directors; such number of shares
of Common Stock deemed issued shall be recomputed to reflect any change in the
number of votes that either each share of such other security or the Common
Stock has in votes for the election of directors.

            (5) Stock Splits, Subdivisions.

            (1) In the event the Company should at any time or from time to time
after the date first written above fix a record date for the effectuation of a
split or subdivision of the outstanding shares

                                       9
<PAGE>

of Common Stock or the determination of holders of Common Stock entitled to
receive a dividend or other distribution payable in additional shares of Common
Stock or Common Stock equivalents without payment of any consideration by such
holder for the additional shares of Common Stock or the Common Stock equivalents
(including the additional shares of Common Stock issuable upon conversion or
exercise thereof), then, as of such record date (or the date of such dividend
distribution, split or subdivision if no record date is fixed), the Exercise
Price shall be appropriately decreased and the number of shares of Common Stock
issuable upon exercise of this Warrant shall be increased in proportion to such
increase in the aggregate of shares of Common Stock outstanding and issuable
with respect to such Common Stock equivalents.

            (2) If the number of shares of Common Stock outstanding at any time
after the Series date first written above is decreased by a combination of the
outstanding shares of Common Stock, then, following the record date of such
combination, the Exercise Price shall be appropriately increased and the number
of shares of Common Stock issuable on exercise of this Warrant shall be
decreased in proportion to such decrease in outstanding shares.

            (6) Certain Distributions. In the event the Corporation shall
declare a distribution payable in securities of other Persons, evidences of
indebtedness issued by the Corporation or other Persons, assets (excluding cash
dividends) or options or rights not referred to in Section 3.2(a) hereof to the
holders of Common Stock, then, in each such case for the purpose of this Section
3.2(f), the Holder shall be entitled to a proportionate share of any such
distribution as though it was the holder of the number of shares of Common Stock
of the Corporation into which its Warrant is exercisable as of the record date
fixed for the determination of the holders of Common Stock of the Corporation
entitled to receive such distribution.

            (7) Recapitalizations. If at any time or from time to time there
shall be a recapitalization of the Common Stock (other than a subdivision,
combination or merger or sale of assets transaction provided for elsewhere in
this Section 3.2), provision shall be made so that the Holder shall thereafter
be entitled to receive upon exercise of this Warrant the number of shares of
stock or other securities or property of the Corporation or otherwise, to which
a holder of Common Stock deliverable upon exercise would have been entitled on
such recapitalization. In any such case, appropriate adjustment shall be made in
the application of the provisions of this Section 3.2 with respect to the rights
of the Holder after the recapitalization to the end that the provisions of this
Section 3.2 (including adjustment of the Exercise Price then in effect and the
number of shares issuable upon exercise of this Warrant) shall be applicable
after that event as nearly equivalent as may be practicable.

                                       10
<PAGE>

            (8) No Avoidance. The Corporation will not, by amendment of its
Certificate of Incorporation or through any reorganization, recapitalization,
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 to be observed or performed hereunder by the
Corporation, but will at all times in good faith assist in the carrying out of
all the provisions of this Section 3.2 and in the taking of all such action as
may be necessary or appropriate in order to protect the rights of the Holder.

            (9) Reorganizations, Reclassifications. If any capital
reorganization or reclassification of the capital stock of the Corporation, or a
Capital Reorganization or the sale of all or substantially all of its assets to
another corporation, shall be effected while this Warrant is outstanding in such
a manner that holders of shares of Common Stock shall be entitled to receive
stock, securities or assets with respect to or in exchange for Common Stock,
then, as a condition of such reorganization or reclassification, consolidation,
merger or sale, lawful and adequate provision shall be made whereby the Holder
shall thereafter have the right to receive upon the basis and upon the terms and
conditions specified herein and in lieu of the shares of Common Stock
immediately theretofore receivable upon exercise of this Warrant, such shares of
stock, securities or assets as may be issued or payable with respect to or in
exchange for a number of outstanding shares of such Common Stock equal to the
number of shares of such Common Stock immediately theretofore so receivable had
such reorganization or reclassification, consolidation, merger or sale not taken
place, and in such case appropriate provision shall be made with respect to the
rights and interests of the Holder to the end that the provisions hereof
(including, without limitation, provisions for adjustment of the Exercise Price
and of the number of shares of Common Stock issuable upon exercise thereof)
shall thereafter be applicable, as nearly as may be possible, in relation to any
shares of stock, securities or assets thereafter deliverable upon the exercise
of this Warrant. Prior to or simultaneously with the consummation or any such
consolidation, merger or sale of the Corporation, the survivor or successor
corporation (if other than the Corporation) resulting from such consolidation or
merger or the corporation purchasing such assets shall assume by written
instrument executed and mailed or delivered to the Holder, the obligation to
deliver to such Holder such shares of stock, securities or assets as, in
accordance with the foregoing provisions, such Holder may be entitled to
receive, and containing the express assumption of such successor corporation of
the due and punctual performance and observance of every provision of this
Warrant (as such may be amended from time to time) to be performed and observed
by the Corporation and of all liabilities and obligations of the Corporation
hereunder with respect to this Warrant.

            (10) Notice of Record Date. In the event of any taking by the
Corporation of a record of the holders of any class of securities for the
purpose of determining the holders thereof who are entitled to receive any
dividend (other than a cash dividend) or other distribution, any right to
subscribe for, purchase or otherwise acquire any shares of stock of any class or
any other securities or property, or to receive any other right, the Corporation
shall mail to the Holder, at least 20 days prior to the date specified therein,
a notice specifying the date on which any such record is to be taken for the
purpose of such dividend, distribution or right, and the amount and character of
such dividend, distribution or right.

                                       11
<PAGE>

            (11) Adjustment Certificate. Upon the occurrence of each adjustment
or readjustment of the Exercise Price or the number of Warrant Shares pursuant
to this Section 3.2, the Corporation, at its expense, shall promptly compute
such adjustment or readjustment in accordance with the terms hereof and prepare
and furnish to the Holder a statement, signed by its chief financial officer or
other appropriate officer, setting forth such adjustment or readjustment and
showing in detail the facts upon which such adjustment or readjustment is based.
The Corporation shall, upon the written request at any time of the Holder,
furnish or cause to be furnished to such holder a like certificate setting forth
(i) such adjustment and readjustment, (ii) the Exercise Price at the time in
effect, and (iii) the number of shares of Common Stock and the amount, if any,
of other property which at the time would be received upon the exercise of this
Warrant.

                                   ARTICLE IV

                                   DEFINITIONS

            The following terms, as used in this Warrant, have the following
respective meanings:

            "Act" means the Securities Act of 1933, as amended, and any similar
or successor Federal statute, and the rules and regulations of the Commission
(or its successor) thereunder, all as the same shall be in effect at the time.

            "Board" means the Board of Directors of the Company.

            "Capital Reorganization" shall have the meaning set forth below.

            "Commission" means the Securities and Exchange Commission.

            "Common Stock" shall have the meaning set forth in the first
paragraph.

            "Company" shall have the meaning set forth in the first paragraph of
this Warrant.

            "Current Market Price" means the average of the daily closing prices
per share of Common Stock for the five (5) consecutive trading days immediately
prior to any required adjustment pursuant to the second sentence of Section 3.1
hereof.

            "Eastern Time" means Eastern Daylight Time or Eastern Standard Time,
whichever is in effect on the relevant date.

            "Exchange Act" means the Securities Exchange Act of 1934, as
amended, and any similar or successor Federal statute, and the rules and
regulations of the Commission (or its successor) thereunder, all as the same
shall be in effect at the time.

                                       12
<PAGE>

            "Exercise Price" means $.40 per Warrant Share until the date
immediately preceding the one-year anniversary of the date first written above,
subject to adjustment pursuant to Article III hereof, subject to adjustment
pursuant the Registration Rights Agreement and pursuant to Article III hereof.

            "Expiration Time" means 5:00 p.m. Eastern Time on August 8, 2005.

            "Fair Market Value" on any day means (i) if shares of the Common
Stock are listed or admitted for trading on a national securities exchange, the
reported last sales price or, if no such reported sale occurs on such day, the
average of the closing bid and asked prices for the immediately preceding ten
days, in each case on the principal national securities exchange on which the
Common Shares are listed or admitted to trading, (ii) if shares of Common Stock
are not listed or admitted to trading on any national securities exchange, the
average of the closing bid and asked prices in the over-the-counter market on
such day as reported by Nasdaq or any comparable system or, if not so reported,
as reported by any New York Stock Exchange member firm selected by the Company
for such purpose or (iii) if no such quotations are available on such day, the
fair market value of one share of Common Stock on such day as determined in good
faith by the Board.

            "Holder" shall have the meaning set forth in the first paragraph of
this Warrant and "Holders" shall include any and all successors, assigns or
designees of the initial Holder with respect to this Warrant.

            "Nasdaq" means The National Association of Securities Dealers, Inc.
Automated Quotation System.

            "Person" means an individual, partnership, corporation, limited
liability company, business trust, joint state company trust, unincorporated
organization, joint venture, a government authority or other entity of whatever
nature.

            "Prospectus" means the prospectus included in any Registration
Statement, as amended or supplemented by any prospectus supplement with respect
to the terms of the offering of any portion of the Registrable Securities
covered by such Registration Statement, and all other amendments and supplements
to the Prospectus, including post-effective amendments to the Registration
Statement of which such Prospectus is a part, and all material incorporated by
reference in such Prospectus.

            "Registration Statement" means any registration statement of the
Company that covers any of the Registrable Securities pursuant to the provisions
of this Agreement, including the Prospectus, amendments and supplements to such
Registration Statement, including post-effective amendments, all exhibits, and
all material incorporated by reference in such Registration Statement.

            "Restricted Securities" means the Securities unless and until, in
the case of any such Securities, (i) they have been effectively registered under
the Act and disposed of in accordance with the Registration Statement covering
them, (ii) they are distributed to the public pursuant to Rule 144 (or any
similar provision then in force) under the Act, or (iii) they are otherwise
freely transferable

                                       13
<PAGE>

without restriction under the Act, and the holders thereof have delivered an
opinion of their legal counsel to such effect in form and substance reasonably
satisfactory to the Company.

            "Securities" shall mean any and all shares of Common Stock issued or
issuable to the Holder or its transferees upon exercise of this Warrant.

            "Trading Day" means (a) if shares of Common Stock are listed or
admitted to trading on a national securities exchange, a day on which the
principal national securities exchange on which such shares are listed or
admitted to trading is open for business or(b) if such Common Shares are not so
listed or admitted to trading, a day on which any New York Stock Exchange member
firm is open for business.

            "Warrant" and "Warrants" shall mean this warrant and any warrants
issued upon the partial exercise of this warrant.

                                    ARTICLE V

                               REGISTRATION RIGHTS

            1.10. Registration Rights. The Warrant Shares shall be entitled to
registration rights pursuant to that certain Registration Rights Agreement of
even date herewith.

                                   ARTICLE VI

                     REDEMPTION AND CANCELLATION OF WARRANTS

            1.11. Redemption of Warrants. The Warrants are not redeemable by the
Company and the Company has no right to purchase or acquire the Warrants.

            1.12. Cancellation of Warrants. The Company shall cancel any Warrant
surrendered for transfer, exchange or exercise.

                                   ARTICLE VII

                                  MISCELLANEOUS

            1.13. Notices. All notices, requests and other communications
provided for herein shall be in writing, and shall be deemed to have been made
or given in writing, unless otherwise provided herein, shall be deemed duly
given if delivered personally, or sent by facsimile or registered or certified
mail return receipt

                                       14
<PAGE>

requested to the parties at the following addresses for such other addresses
that the parties shall specify by like ratio:

            (1)   if to the Company LCS Golf, Inc.

                  with a copy to

                  Littman Krooks Roth & Ball P.C.
                  655 Third Avenue
                  New York, New York 10017
                  Fax (212) 490-2990

            (2)   If to the holder with a copy to Olshan Grundman Frome
                  Rosenzweig & Wolosky LLP

                  505 Park Avenue
                  New York, New York  10022
                  Fax (212) 980-7177

                  Wireless Acquisition Partners, LLC
                  505 Park Avenue
                  New York, New York 10022
                  Fax (212) 319-8398
                  Attn: Michael Wainstein

            (3) ; provided, however, that notice of a change in the Company's
principal executive office in accordance with Section 2.2 hereof shall
constitute notice of a change of the Company's address for the purposes of any
notice given pursuant to this Warrant.

            1.14. Waivers; Amendments. No failure or delay of the Holder in
exercising any right, power or privilege, hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise thereof, or any abandonment or
discontinuance of steps to enforce such a right, power or privilege, preclude
any other or further exercise thereof or the exercise of any other right, power
or privilege. The rights and remedies of the Holder are cumulative and not
exclusive of any rights or remedies which it would otherwise have. The
provisions of this Warrant may be amended, modified or waived if, but only if,
such amendment, modification or waiver is in writing and is signed by a majority
of the Holders; provided that no amendment, modification or waiver may change
the Exercise Price (including without limitation any adjustments or any
provisions with

                                       15
<PAGE>

respect to adjustments, the expiration of or the manner of exercising the
Warrants) without the consent in writing of all of the Holders.

                                       16
<PAGE>

            1.15. Governing Law. This Warrant shall be construed in accordance
with and governed by the laws of the State of New York, without regard to
conflicts of laws principles thereof.

            1.16. Survival of Agreements; Representations and Warranties, etc.
All warranties, representations and covenants made by the Company herein or in
any certificate or other instrument delivered by or on behalf of it in
connection herewith shall be considered to have been relied upon by the Holders
and shall survive the issuance and delivery of the Warrants and shall continue
in full force and effect so long as this Warrant is outstanding. All statements
in any such certificate or other instrument shall constitute representations and
warranties hereunder.

            1.17. Covenants To Bind Successor and Assigns. All the covenants,
stipulations, promises and agreements in this Warrant contained by or on behalf
of the Company shall bind its successors and assigns, whether or not so
expressed.

            1.18. Severability. In case any one or more of the provisions
contained in this Warrant shall be invalid, illegal or unenforceable in any
jurisdiction, the validity, legality and enforceability of the remaining
provisions contained herein and therein shall not in any way be affected or
impaired in such jurisdiction and shall not invalidate or render illegal or
unenforceable such provision in any other jurisdiction.

            1.19. Headings. The headings used herein are for convenience of
reference only and shall not be deemed to be a part of this Warrant.

            VI.1. No Rights as Stockholder. This Warrant shall not entitle the
Holder to any rights as a stockholder of the Company.

            1.20. Pronouns. The pronouns "it" and "its" herein shall be deemed
to mean "he" and "his" or "she" and "hers", as the context requires.

                                       17
<PAGE>

            IN WITNESS WHEREOF, ___________________________ has caused this
Warrant to be executed in its corporate name by one of its officers thereunto
duly authorized as of the day and year first above written.

                                    LCS GOLF, INC.

                                    By:
                                        -----------------------------
                                        Name:
                                        Title:

                                       18
<PAGE>

                           FORM OF NOTICE OF EXERCISE

                [To be signed only upon exercise of the Warrant]

                     TO BE EXECUTED BY THE REGISTERED HOLDER
                         TO EXERCISE THE WITHIN WARRANT

      The undersigned hereby exercises the right to purchase _______ shares of
Common Stock which the undersigned is entitled to purchase by the terms of the
within Warrant according to the conditions thereof, and herewith makes payment
of the Exercise Price of such shares in full, as provided in the Warrant. All
shares to be issued pursuant hereto shall be issued in the name of and the
initial address of such person to be entered on the books of the Company shall
be:

      The shares are to be issued in certificates of the following
denominations:

                                          --------------------------------
                                          [Type Name of Holder]

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

                                          --------------------------------
                                          Title:

Dated:
       ------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]