Document:

EXHIBIT 4.2

THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  WITH THE  SECURITIES  AND EXCHANGE
COMMISSION  OR THE  SECURITIES  COMMISSION  OF ANY  STATE  IN  RELIANCE  UPON AN
EXEMPTION  FROM  REGISTRATION  UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), AND, ACCORDINGLY,  MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT
TO AN EFFECTIVE  REGISTRATION  STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
AN  AVAILABLE   EXEMPTION  FROM,  OR  IN  A  TRANSACTION  NOT  SUBJECT  TO,  THE
REGISTRATION   REQUIREMENTS  OF  THE  SECURITIES  ACT  AND  IN  ACCORDANCE  WITH
APPLICABLE  STATE  SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO
THE  TRANSFEROR  TO SUCH  EFFECT,  THE  SUBSTANCE  OF WHICH SHALL BE  REASONABLY
ACCEPTABLE TO THE COMPANY.  THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A
BONA FIDE MARGIN  ACCOUNT WITH A REGISTERED  BROKER-DEALER  OR OTHER LOAN WITH A
FINANCIAL INSTITUTION THAT IS AN "ACCREDITED INVESTOR" AS DEFINED IN RULE 501(a)
UNDER THE SECURITIES ACT.

                          COMMON STOCK PURCHASE WARRANT

                To Purchase __________ Shares of Common Stock of

                          Corridor Communications Corp.

      THIS COMMON STOCK PURCHASE  WARRANT (the  "Warrant")  CERTIFIES  that, for
value received,  _____________ (the "Holder"),  is entitled,  upon the terms and
subject to the limitations on exercise and the conditions hereinafter set forth,
at any time on or after  the date of  issuance  of this  Warrant  (the  "Initial
Exercise Date") and on or prior to the fifth anniversary of the Initial Exercise
Date (the "Termination Date") but not thereafter,  to subscribe for and purchase
from Corridor  Communications Corp., a Delaware corporation (the "Company"),  up
to ____________ shares (the "Warrant Shares") of Common Stock, par value $0.0001
per share, of the Company (the "Common Stock").  The purchase price of one share
of Common  Stock  (the  "Exercise  Price")  under this  Warrant  shall be $0.02,
subject  to  adjustment  hereunder.  Capitalized  terms  used and not  otherwise
defined  herein shall have the  meanings  set forth in that  certain  Securities
Purchase Agreement (the "Purchase  Agreement"),  dated July ___, 2004, among the
Company and the purchasers signatory thereto.

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      1.  Title  to  Warrant.  Prior to the  Termination  Date  and  subject  to
compliance with applicable laws and Section 7 of this Warrant,  this Warrant and
all rights  hereunder  are  transferable,  in whole or in part, at the office or
agency of the  Company by the Holder in person or by duly  authorized  attorney,
upon surrender of this Warrant  together with the Assignment Form annexed hereto
properly  endorsed.  The transferee shall sign an investment  letter in form and
substance reasonably satisfactory to the Company.

      2. Authorization of Shares. From July 14, 2004, the Company covenants that
all Warrant Shares which may be issued upon the exercise of the purchase  rights
represented  by  this  Warrant  will,  upon  exercise  of  the  purchase  rights
represented by this Warrant, be duly authorized,  validly issued, fully paid and
nonassessable and free from all taxes, liens and charges in respect of the issue
thereof (other than taxes in respect of any transfer occurring contemporaneously
with such issue).

      3. Exercise of Warrant.

            (a)  Beginning  on July 14, 2004,  exercise of the  purchase  rights
represented  by this  Warrant  may be made at any time or times on or after  the
Initial  Exercise Date and on or before the Termination  Date by delivery to the
Company of a duly executed facsimile copy of the Notice of Exercise Form annexed
hereto (or such other  office or agency of the  Company as it may  designate  by
notice in  writing  to the  registered  Holder  at the  address  of such  Holder
appearing on the books of the Company); provided, however, within 3 Trading Days
of the date said Notice of  Exercise is  delivered  to the  Company,  the Holder
shall have  surrendered  this Warrant to the Company and the Company  shall have
received payment of the aggregate Exercise Price of the shares thereby purchased
by wire transfer or cashier's check drawn on a United States bank.  Certificates
for shares purchased hereunder shall be delivered to the Holder within 3 Trading
Days from the delivery to the Company of the Notice of Exercise Form,  surrender
of this Warrant and payment of the aggregate  Exercise  Price as set forth above
("Warrant  Share  Delivery  Date").  This  Warrant  shall be deemed to have been
exercised on the date the Exercise Price is received by the Company. The Warrant
Shares  shall be deemed to have been  issued,  and Holder or any other person so
designated to be named therein shall be deemed to have become a holder of record
of such shares for all purposes,  as of the date the Warrant has been  exercised
by payment to the  Company of the  Exercise  Price and all taxes  required to be
paid by the Holder,  if any, pursuant to Section 5 prior to the issuance of such
shares,  have  been  paid.  If the  Company  fails to  deliver  to the  Holder a
certificate or  certificates  representing  the Warrant Shares  pursuant to this
Section 3(a) by the Warrant Share Delivery  Date,  then the Holder will have the
right to rescind such exercise. In addition to any other rights available to the
Holder,  if the  Company  fails  to  deliver  to the  Holder  a  certificate  or
certificates  representing  the  Warrant  Shares  pursuant to an exercise by the
Warrant Share Delivery Date, and if after such day the Holder is required by its
broker to purchase (in an open market transaction or otherwise) shares of Common
Stock to deliver in  satisfaction  of a sale by the Holder of the Warrant Shares
which the Holder anticipated receiving upon such exercise (a "Buy-In"), then the
Company shall (1) pay in cash to the Holder the amount by which (x) the Holder's
total purchase price (including brokerage commissions, if any) for the shares of
Common Stock so purchased exceeds (y) the amount obtained by multiplying (A) the
number of Warrant  Shares that the Company was required to deliver to the Holder
in  connection  with the exercise at issue times (B) the price at which the sell
order  giving rise to such  purchase  obligation  was  executed,  and (2) at the
option of the Holder, either reinstate the portion of the Warrant and equivalent
number of Warrant  Shares for which such  exercise was not honored or deliver to
the Holder the number of shares of Common  Stock that would have been issued had
the  Company  timely  complied  with  its  exercise  and  delivery   obligations
hereunder.  For  example,  if the Holder  purchases  Common Stock having a total
purchase  price of  $11,000  to  cover a Buy-In  with  respect  to an  attempted
exercise of shares of Common Stock with an  aggregate  sale price giving rise to
such  purchase  obligation  of  $10,000,  under  clause  (1) of the  immediately
preceding  sentence the Company shall be required to pay the Holder $1,000.  The
Holder shall provide the Company  written notice  indicating the amounts payable
to the Holder in respect of the Buy-In,  together with applicable  confirmations
and other  evidence  reasonably  requested by the Company.  Nothing herein shall
limit a Holder's right to pursue any other  remedies  available to it hereunder,
at  law or in  equity  including,  without  limitation,  a  decree  of  specific
performance  and/or  injunctive  relief with respect to the Company's failure to
timely deliver certificates representing shares of Common Stock upon exercise of
the Warrant as required pursuant to the terms hereof.

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

            (c) The Holder  shall not have the right to exercise  any portion of
this Warrant,  pursuant to Section 3(a) or  otherwise,  to the extent that after
giving effect to such issuance  after  exercise,  the Holder  (together with the
Holder's affiliates),  as set forth on the applicable Notice of Exercise,  would
beneficially  own in excess of 9.99% of the number of shares of the Common Stock
outstanding  immediately  after giving effect to such issuance.  For purposes of
the foregoing sentence,  the number of shares of Common Stock beneficially owned
by the Holder and its  affiliates  shall  include the number of shares of Common
Stock  issuable  upon  exercise  of this  Warrant  with  respect  to  which  the
determination  of such  sentence is being made,  but shall exclude the number of
shares  of  Common  Stock  which  would be  issuable  upon (A)  exercise  of the
remaining, nonexercised portion of this Warrant beneficially owned by the Holder
or any of its  affiliates  and (B) exercise or conversion of the  unexercised or
nonconverted portion of any other securities of the Company (including,  without
limitation,  any other Warrants or the Preferred  Stock) subject to a limitation
on  conversion  or  exercise  analogous  to  the  limitation   contained  herein
beneficially  owned by the Holder or any of its affiliates.  Except as set forth
in the  preceding  sentence,  for  purposes  of this  Section  3(c),  beneficial
ownership  shall be calculated in accordance  with Section 13(d) of the Exchange
Act, it being  acknowledged  by Holder that the Company is not  representing  to
Holder that such calculation is in compliance with Section 13(d) of the Exchange
Act and Holder is solely  responsible for any schedules  required to be filed in
accordance  therewith.  To the  extent  that the  limitation  contained  in this
Section 3(c) applies,  the  determination of whether this Warrant is exercisable
(in relation to other  securities owned by the Holder) and of which a portion of
this Warrant is exercisable shall be in the sole discretion of such Holder,  and
the  submission  of a Notice of  Exercise  shall be  deemed to be such  Holder's
determination  of whether  this  Warrant is  exercisable  (in  relation to other
securities  owned  by such  Holder)  and of which  portion  of this  Warrant  is
exercisable,  in each case subject to such aggregate percentage limitation,  and
the Company  shall have no  obligation to verify or confirm the accuracy of such
determination.  For purposes of this Section 3(c), in determining  the number of
outstanding  shares  of  Common  Stock,  the  Holder  may rely on the  number of
outstanding shares of Common Stock as reflected in (x) the Company's most recent
Form  10-QSB  or Form  10-KSB,  as the case  may be,  (y) a more  recent  public
announcement  by the  Company  or (z) any  other  notice by the  Company  or the
Company's  Transfer  Agent  setting  forth the number of shares of Common  Stock
outstanding.  Upon the written or oral request of the Holder,  the Company shall
within two Trading Days  confirm  orally and in writing to the Holder the number
of  shares  of  Common  Stock  then  outstanding.  In any  case,  the  number of
outstanding  shares of Common Stock shall be  determined  after giving effect to
the conversion or exercise of securities of the Company, including this Warrant,
by the  Holder  or its  affiliates  since  the date as of which  such  number of
outstanding shares of Common Stock was reported.

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            (d) If at any time after one year from the date of  issuance of this
Warrant there is no effective  Registration  Statement registering the resale of
the Warrant Shares by the Holder,  during any such periods this Warrant may also
be exercised at such time by means of a "cashless  exercise" in which the Holder
shall be  entitled  to receive a  certificate  for the number of Warrant  Shares
equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

            (A)   = the VWAP on the Trading Day  immediately  preceding the date
                   of such election;

            (B)   = the Exercise Price of this Warrant, as adjusted; and

            (X)   = the number of Warrant Shares  issuable upon exercise of this
                  Warrant in accordance  with the terms of this Warrant by means
                  of a cash exercise rather than a cashless exercise.

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<PAGE>

            (e)  Subject to the  provisions  of this  Section 3, if after the 24
month  anniversary of the Effective Date, the Closing Price for each of ten (10)
consecutive Trading Days (the "Measurement Period",  which period shall not have
commenced until after such Effective Date) exceeds $0.08 (the "Threshold Price")
(subject to adjustment  for reverse and forward stock splits,  stock  dividends,
stock combinations and other similar transactions of the Common Stock that occur
after the date of the Purchase Agreement),  then the Company may, within two (2)
Trading Days of such period, call for cancellation of all or any portion of this
Warrant for which a Notice of Exercise has not yet been delivered (such right, a
"Call").  To exercise  this right,  the  Company  must  deliver to the Holder an
irrevocable written notice (a "Call Notice"),  indicating therein the portion of
unexercised  portion  of this  Warrant  to which  such  notice  applies.  If the
conditions  set forth below for such Call are satisfied from the period from the
date of the Call Notice through and including the Call Date (as defined  below),
then any portion of this Warrant  subject to such Call Notice for which a Notice
of  Exercise  shall not have been  received  from and after the date of the Call
Notice will be  cancelled  at 6:30 p.m.  (New York City time) on the fifth (5th)
Trading Day after the date the Call Notice is received by the Holder (such date,
the "Call  Date").  Any  unexercised  portion of this  Warrant to which the Call
Notice does not pertain will be unaffected by such Call Notice.  In  furtherance
thereof,  the  Company  covenants  and agrees  that it will honor all Notices of
Exercise  with  respect to Warrant  Shares  subject  to a Call  Notice  that are
tendered  from the time of delivery of the Call Notice  through  6:30 p.m.  (New
York City time) on the Call Date.  The parties agree that any Notice of Exercise
delivered  following  a Call  Notice  shall  first  reduce to zero the number of
Warrant  Shares  subject to such Call  Notice  prior to reducing  the  remaining
Warrant Shares  available for purchase under this Warrant.  For example,  if (x)
this Warrant then permits the Holder to acquire 100 Warrant  Shares,  (y) a Call
Notice pertains to 75 Warrant Shares,  and (z) prior to 6:30 p.m. (New York City
time) on the Call Date the Holder  tenders a Notice of Exercise in respect of 50
Warrant  Shares,  then (1) on the Call  Date the right  under  this  Warrant  to
acquire 25 Warrant Shares will be automatically  cancelled,  (2) the Company, in
the time and manner required under this Warrant,  will have issued and delivered
to the Holder 50 Warrant Shares in respect of the exercises following receipt of
the Call Notice,  and (3) the Holder may, until the Termination  Date,  exercise
this Warrant for 25 Warrant Shares (subject to adjustment as herein provided and
subject to subsequent  Call  Notices).  Subject again to the  provisions of this
Section 3(e), the Company may deliver subsequent Call Notices for any portion of
this Warrant for which the Holder shall not have delivered a Notice of Exercise.
Notwithstanding  anything to the contrary set forth in this Warrant, the Company
may not deliver a Call Notice or require the  cancellation  of this Warrant (and
any Call Notice will be void),  unless,  from the  beginning of the fifteen (15)
consecutive Trading Days used to determine whether the Common Stock has achieved
the Threshold Price through the Call Date, (i) the Company shall have honored in
accordance  with the terms of this Warrant all Notices of Exercise  delivered by
6:30 p.m. (New York City time) on the Call Date, (ii) the Registration Statement
shall be  effective  as to all  Warrant  Shares  and the  prospectus  thereunder
available  for use by the Holder for the resale of all such  Warrant  Shares and
(iii) the  Common  Stock  shall be listed or quoted for  trading on the  Trading
Market. The Company's right to Call the Warrant shall be exercised ratably among
the  Purchasers  based on each  Purchaser's  initial  purchase  of Common  Stock
pursuant to the Purchase Agreement.

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

      5.  Charges,  Taxes and  Expenses.  Issuance of  certificates  for Warrant
Shares shall be made without  charge to the Holder for any issue or transfer tax
or other incidental expense in respect of the issuance of such certificate,  all
of which taxes and expenses shall be paid by the Company,  and such certificates
shall be  issued  in the name of the  Holder  or in such name or names as may be
directed by the Holder;  provided,  however,  that in the event certificates for
Warrant  Shares are to be issued in a name  other  than the name of the  Holder,
this  Warrant  when  surrendered  for  exercise  shall  be  accompanied  by  the
Assignment Form attached hereto duly executed by the Holder; and the Company may
require, as a condition thereto, the payment of a sum sufficient to reimburse it
for any transfer tax incidental thereto.

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      6. Closing of Books.  The Company will not close its stockholder  books or
records in any  manner  which  prevents  the timely  exercise  of this  Warrant,
pursuant to the terms hereof.

      7. Transfer, Division and Combination.

      (a) Subject to  compliance  with any  applicable  securities  laws and the
      conditions  set forth in Sections 1 and 7(e) hereof and to the  provisions
      of Section  4.1 of the  Purchase  Agreement,  this  Warrant and all rights
      hereunder are  transferable,  in whole or in part,  upon surrender of this
      Warrant at the  principal  office of the Company,  together with a written
      assignment of this Warrant  substantially in the form attached hereto duly
      executed by the Holder or its agent or attorney  and funds  sufficient  to
      pay any transfer taxes payable upon the making of such transfer. Upon such
      surrender  and, if required,  such payment,  the Company shall execute and
      deliver a new Warrant or Warrants in the name of the assignee or assignees
      and in the denomination or  denominations  specified in such instrument of
      assignment,  and shall issue to the assignor a new Warrant  evidencing the
      portion of this Warrant not so assigned,  and this Warrant shall  promptly
      be cancelled.  A Warrant, if properly assigned,  may be exercised by a new
      holder for the  purchase of Warrant  Shares  without  having a new Warrant
      issued.

      (b) This  Warrant  may be divided or  combined  with other  Warrants  upon
      presentation hereof at the aforesaid office of the Company,  together with
      a written  notice  specifying  the names  and  denominations  in which new
      Warrants are to be issued,  signed by the Holder or its agent or attorney.
      Subject to compliance  with Section 7(a), as to any transfer  which may be
      involved in such  division or  combination,  the Company shall execute and
      deliver a new Warrant or Warrants in exchange  for the Warrant or Warrants
      to be divided or combined in accordance with such notice.

      (c) The Company shall prepare, issue and deliver at its own expense (other
      than transfer taxes) the new Warrant or Warrants under this Section 7.

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

      (e) If, at the time of the  surrender of this Warrant in  connection  with
      any transfer of this  Warrant,  the transfer of this Warrant  shall not be
      registered  pursuant  to an  effective  registration  statement  under the
      Securities Act and under applicable state securities or blue sky laws, the
      Company may require, as a condition of allowing such transfer (i) that the
      Holder or transferee of this Warrant,  as the case may be,  furnish to the
      Company a written  opinion of  counsel  (which  opinion  shall be in form,
      substance  and scope  customary  for  opinions  of counsel  in  comparable
      transactions)  to the  effect  that  such  transfer  may be  made  without
      registration   under  the  Securities  Act  and  under   applicable  state
      securities or blue sky laws,  (ii) that the holder or  transferee  execute
      and  deliver to the  Company an  investment  letter in form and  substance
      acceptable to the Company and (iii) that the  transferee be an "accredited
      investor" as defined in Rule 501(a)(1),  (a)(2), (a)(3), (a)(7), or (a)(8)
      promulgated under the Securities Act or a qualified institutional buyer as
      defined in Rule 144A(a) under the Securities Act.

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      8. No Rights as Shareholder until Exercise.  This Warrant does not entitle
the Holder to any voting rights or other rights as a shareholder  of the Company
prior to the exercise hereof. Upon the surrender of this Warrant and the payment
of the  aggregate  Exercise  Price  (or by means of a  cashless  exercise),  the
Warrant  Shares so purchased  shall be and be deemed to be issued to such Holder
as the record  owner of such  shares as of the close of business on the later of
the date of such surrender or payment.

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

      10. Saturdays,  Sundays,  Holidays,  etc. If the last or appointed day for
the  taking of any action or the  expiration  of any right  required  or granted
herein shall be a Saturday,  Sunday or a legal holiday,  then such action may be
taken or such right may be exercised on the next  succeeding day not a Saturday,
Sunday or legal holiday.

      11. Adjustments of Exercise Price and Number of Warrant Shares.

      (a) Stock Splits, etc. The number and kind of securities  purchasable upon
      the exercise of this  Warrant and the  Exercise  Price shall be subject to
      adjustment  from time to time upon the happening of any of the  following.
      In case the Company  shall (i) pay a dividend in shares of Common Stock or
      make  a  distribution  in  shares  of  Common  Stock  to  holders  of  its
      outstanding  Common Stock, (ii) subdivide its outstanding shares of Common
      Stock  into a greater  number of shares,  (iii)  combine  its  outstanding
      shares of Common Stock into a smaller number of shares of Common Stock, or
      (iv) issue any shares of its capital  stock in a  reclassification  of the
      Common Stock, then the number of Warrant Shares  purchasable upon exercise
      of this Warrant  immediately  prior  thereto shall be adjusted so that the
      Holder shall be entitled to receive the kind and number of Warrant  Shares
      or other  securities of the Company which it would have owned or have been
      entitled to receive had such  Warrant been  exercised in advance  thereof.
      Upon each such  adjustment  of the kind and  number of  Warrant  Shares or
      other  securities  of the Company  which are  purchasable  hereunder,  the
      Holder  shall  thereafter  be entitled  to purchase  the number of Warrant
      Shares or other  securities  resulting from such adjustment at an Exercise
      Price per Warrant  Share or other  security  obtained by  multiplying  the
      Exercise  Price in  effect  immediately  prior to such  adjustment  by the
      number of Warrant Shares purchasable  pursuant hereto immediately prior to
      such  adjustment  and  dividing  by the number of Warrant  Shares or other
      securities of the Company that are purchasable pursuant hereto immediately
      after such adjustment. An adjustment made pursuant to this paragraph shall
      become  effective  immediately  after  the  effective  date of such  event
      retroactive to the record date, if any, for such event.

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      (b)  Anti-Dilution  Provisions.  During the Exercise Period,  the Exercise
      Price shall be subject to adjustment from time to time as provided in this
      Section  11(b).  In the event that any adjustment of the Exercise Price as
      required herein results in a fraction of a cent, such Exercise Price shall
      be rounded up or down to the nearest cent.

            (i) Adjustment of Exercise Price. If and whenever the Company issues
            or sells, or in accordance with Section  11(b)(ii)  hereof is deemed
            to have issued or sold,  any shares of Common Stock for an effective
            consideration  per share of less than the then Exercise Price or for
            no consideration  (such lower price, the "Base Share Price" and such
            issuances  collectively,  a  "Dilutive  Issuance"),  then,  (A)  the
            Exercise  Price  shall be reduced to equal the Base Share  Price and
            (B) the  number  of  Warrant  Shares  issuable  hereunder  shall  be
            increased to a number equal to the aggregate  Exercise Price of this
            Warrant prior to such adjustment  divided by the adjusted Set Price.
            Such  adjustment  shall be made  whenever  shares of Common Stock or
            Common Stock Equivalents are issued.

            (ii) Effect on Exercise  Price of Certain  Events.  For  purposes of
            determining the adjusted  Exercise Price under Section 11(b) hereof,
            the following will be applicable:

                  (A)  Issuance  of Rights or  Options.  If the  Company  in any
manner  issues  or  grants  any  warrants,  rights or  options,  whether  or not
immediately exercisable,  to subscribe for or to purchase Common Stock or Common
Stock Equivalents (such warrants, rights and options to purchase Common Stock or
Common Stock  Equivalents  are  hereinafter  referred to as  "Options")  and the
effective  price per share for which Common Stock is issuable  upon the exercise
of such Options is less than the Exercise  Price  ("Below Base Price  Options"),
then the  maximum  total  number of shares of  Common  Stock  issuable  upon the
exercise  of  all  such  Below  Base  Price  Options  (assuming  full  exercise,
conversion or exchange of Common Stock  Equivalents,  if applicable) will, as of
the date of the issuance or grant of such Below Base Price Options, be deemed to
be  outstanding  and to have been  issued and sold by the Company for such price
per  share  and the  maximum  consideration  payable  to the  Company  upon such
exercise  (assuming  full  exercise,  conversion  or  exchange  of Common  Stock
Equivalents, if applicable) will be deemed to have been received by the Company.
For purposes of the preceding sentence, the "effective price per share for which
Common Stock is issuable upon the exercise of such Below Base Price  Options" is
determined by dividing (i) the total amount,  if any,  received or receivable by
the Company as consideration for the issuance or granting of all such Below Base
Price Options, plus the minimum aggregate amount of additional consideration, if
any,  payable  to the  Company  upon the  exercise  of all such Below Base Price
Options,  plus,  in the  case of  Common  Stock  Equivalents  issuable  upon the
exercise  of such Below Base Price  Options,  the  minimum  aggregate  amount of
additional  consideration  payable  upon the  exercise,  conversion  or exchange
thereof at the time such Common  Stock  Equivalents  first  become  exercisable,
convertible  or  exchangeable,  by (ii) the  maximum  total  number of shares of
Common Stock  issuable  upon the  exercise of all such Below Base Price  Options
(assuming  full  conversion  of Common Stock  Equivalents,  if  applicable).  No
further  adjustment to the Exercise Price will be made upon the actual  issuance
of such Common Stock upon the exercise of such Below Base Price  Options or upon
the exercise,  conversion or exchange of Common Stock Equivalents  issuable upon
exercise of such Below Base Price Options.

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                  (B)  Issuance of Common Stock  Equivalents.  If the Company in
any  manner  issues  or sells  any  Common  Stock  Equivalents,  whether  or not
immediately  convertible  (other  than  where  the  same are  issuable  upon the
exercise of Options) and the effective price per share for which Common Stock is
issuable  upon such  exercise,  conversion or exchange is less than the Exercise
Price, then the maximum total number of shares of Common Stock issuable upon the
exercise,  conversion or exchange of all such Common Stock  Equivalents will, as
of the date of the  issuance of such Common Stock  Equivalents,  be deemed to be
outstanding  and to have been  issued and sold by the Company for such price per
share and the maximum  consideration  payable to the Company upon such  exercise
(assuming full exercise,  conversion or exchange of Common Stock Equivalents, if
applicable)  will be  deemed  to have  been  received  by the  Company.  For the
purposes of the preceding  sentence,  the  "effective  price per share for which
Common  Stock is  issuable  upon  such  exercise,  conversion  or  exchange"  is
determined by dividing (i) the total amount,  if any,  received or receivable by
the Company as  consideration  for the issuance or sale of all such Common Stock
Equivalents,  plus the minimum aggregate amount of additional consideration,  if
any, payable to the Company upon the exercise, conversion or exchange thereof at
the time such Common Stock Equivalents first become exercisable,  convertible or
exchangeable,  by (ii) the  maximum  total  number of  shares  of  Common  Stock
issuable  upon the  exercise,  conversion  or exchange of all such Common  Stock
Equivalents.  No further  adjustment to the Exercise Price will be made upon the
actual  issuance of such Common Stock upon  exercise,  conversion or exchange of
such Common Stock Equivalents.

                  (C) Change in Option Price or  Conversion  Rate. If there is a
change at any time in (i) the amount of additional  consideration payable to the
Company  upon the  exercise  of any  Options;  (ii)  the  amount  of  additional
consideration,  if any, payable to the Company upon the exercise,  conversion or
exchange of any Common Stock Equivalents;  or (iii) the rate at which any Common
Stock Equivalents are convertible into or exchangeable for Common Stock (in each
such  case,  other  than under or by reason of  provisions  designed  to protect
against dilution),  the Exercise Price in effect at the time of such change will
be readjusted to the Exercise Price which would have been in effect at such time
had such Options or Common Stock Equivalents still outstanding provided for such
changed additional consideration or changed conversion rate, as the case may be,
at the time initially granted, issued or sold.

                                       9
<PAGE>

                  (D)  Calculation  of  Consideration  Received.  If any  Common
Stock, Options or Common Stock Equivalents are issued, granted or sold for cash,
the  consideration  received  therefor  for purposes of this Warrant will be the
amount  received  by  the  Company  therefor,  before  deduction  of  reasonable
commissions,  underwriting  discounts or allowances or other reasonable expenses
paid or incurred by the Company in connection with such issuance, grant or sale.
In case any Common Stock, Options or Common Stock Equivalents are issued or sold
for a consideration part or all of which shall be other than cash, the amount of
the  consideration  other than cash  received  by the  Company  will be the fair
market value of such consideration,  except where such consideration consists of
securities,  in which case the amount of  consideration  received by the Company
will be the fair  market  value  (closing  bid price,  if traded on any  market)
thereof as of the date of receipt.  In case any Common Stock,  Options or Common
Stock  Equivalents are issued in connection with any merger or  consolidation in
which the  Company is the  surviving  corporation,  the amount of  consideration
therefor  will be deemed to be the fair market  value of such portion of the net
assets and business of the non-surviving  corporation as is attributable to such
Common Stock, Options or Common Stock Equivalents,  as the case may be. The fair
market  value  of any  consideration  other  than  cash  or  securities  will be
determined in good faith by an investment banker or other appropriate  expert of
national  reputation  selected by the Company and  reasonably  acceptable to the
holder hereof, with the costs of such appraisal to be borne by the Company.

                  (E)    Exceptions   to    Adjustment   of   Exercise    Price.
Notwithstanding  the  foregoing,  no adjustment  will be made under this Section
11(b) in respect of an Exempt Issuance.  Additionally,  if an event has occurred
that causes an adjustment to the Exercise Price under this Section 11(b) and the
Holder  exercise at the prior Exercise Price after such  occurrence but prior to
notification  from Company of such  adjustment,  the Company  shall  immediately
issue a number of shares of Common  Stock to the Holder to the extent  necessary
to put the Holder in the same position as it would have been had it converted at
the adjusted Exercise Price and the number of Warrant Shares issuable  hereunder
shall be adjusted to reflect the number  issuable had the  adjustment  been made
before notice was given.

                                       10
<PAGE>

            (iii)  Offerings of Other Property to Common Stock  Holders.  If the
            Company, at any time prior to the Termination Date, shall distribute
            to all holders of Common Stock (and not to Holders of the  Warrants)
            evidences  of its  indebtedness  or assets or rights or  warrants to
            subscribe  for or purchase any security  other than the Common Stock
            (which shall be subject to Section 11(b)(i)), then in each such case
            the  Exercise  Price shall be adjusted by  multiplying  the Exercise
            Price in  effect  immediately  prior to the  record  date  fixed for
            determination of stockholders  entitled to receive such distribution
            by a fraction of which the  denominator  shall be the Closing  Price
            determined as of the record date mentioned  above,  and of which the
            numerator  shall be such Closing  Price on such record date less the
            then per share fair market  value at such record date of the portion
            of such assets or evidence of indebtedness so distributed applicable
            to one  outstanding  share of the Common Stock as  determined by the
            Board of  Directors  in good faith.  In either case the  adjustments
            shall be  described  in a  statement  provided to the Holders of the
            portion of assets or evidences of  indebtedness  so  distributed  or
            such  subscription  rights  applicable to one share of Common Stock.
            Such adjustment shall be made whenever any such distribution is made
            and  shall  become  effective  immediately  after  the  record  date
            mentioned above.

            (iv) Minimum  Adjustment  of Exercise  Price.  No  adjustment of the
            Exercise  Price  shall be made in an  amount  of less than 1% of the
            Exercise  Price in effect at the time such  adjustment  is otherwise
            required to be made, but any such lesser adjustment shall be carried
            forward  and  shall be made at the time and  together  with the next
            subsequent  adjustment  which,  together  with  any  adjustments  so
            carried  forward,  shall amount to not less than 1% of such Exercise
            Price.

                                       11
<PAGE>

      12. Reorganization, Reclassification, Merger, Consolidation or Disposition
of Assets.  In case the Company shall  reorganize  its capital,  reclassify  its
capital stock,  consolidate or merge with or into another corporation (where the
Company  is not the  surviving  corporation  or where  there  is a change  in or
distribution with respect to the Common Stock of the Company), or sell, transfer
or otherwise dispose of its property,  assets or business to another corporation
and,  pursuant to the terms of such  reorganization,  reclassification,  merger,
consolidation or disposition of assets,  shares of common stock of the successor
or acquiring  corporation,  or any cash,  shares of stock or other securities or
property of any nature whatsoever  (including  warrants or other subscription or
purchase  rights) in addition to or in lieu of common stock of the  successor or
acquiring  corporation ("Other Property"),  are to be received by or distributed
to the holders of Common  Stock of the  Company,  then the Holder shall have the
right thereafter to receive,  at the option of the Holder,  (a) upon exercise of
this Warrant, the number of shares of Common Stock of the successor or acquiring
corporation  or of the Company,  if it is the surviving  corporation,  and Other
Property   receivable   upon   or   as  a   result   of   such   reorganization,
reclassification,  merger, consolidation or disposition of assets by a Holder of
the  number of shares of Common  Stock for which  this  Warrant  is  exercisable
immediately  prior to such event or (b) cash equal to the value of this  Warrant
as determined in accordance  with the Black Scholes option pricing  formula.  In
case of any such  reorganization,  reclassification,  merger,  consolidation  or
disposition of assets, the successor or acquiring corporation (if other than the
Company) shall expressly assume the due and punctual  observance and performance
of each and every  covenant and  condition  of this Warrant to be performed  and
observed by the  Company  and all the  obligations  and  liabilities  hereunder,
subject to such  modifications  as may be deemed  appropriate  (as determined in
good faith by  resolution  of the Board of Directors of the Company) in order to
provide for  adjustments of Warrant Shares for which this Warrant is exercisable
which shall be as nearly  equivalent as practicable to the adjustments  provided
for in this Section 12. For purposes of this  Section 12,  "common  stock of the
successor or acquiring  corporation"  shall include stock of such corporation of
any class which is not  preferred as to dividends or assets over any other class
of stock of such  corporation  and which is not subject to redemption  and shall
also include any evidences of indebtedness,  shares of stock or other securities
which  are  convertible  into  or  exchangeable  for  any  such  stock,   either
immediately  or upon the  arrival  of a  specified  date or the  happening  of a
specified  event and any warrants or other  rights to subscribe  for or purchase
any such stock.  The  foregoing  provisions  of this Section 12 shall  similarly
apply to successive reorganizations,  reclassifications, mergers, consolidations
or disposition of assets.

      13.  Voluntary  Adjustment  by the  Company.  The  Company may at any time
during the term of this Warrant  reduce the then current  Exercise  Price to any
amount and for any period of time deemed  appropriate  by the Board of Directors
of the Company.

      14. Notice of Adjustment.  Whenever the number of Warrant Shares or number
or kind of securities or other  property  purchasable  upon the exercise of this
Warrant or the Exercise Price is adjusted, as herein provided, the Company shall
give  notice  thereof to the  Holder,  which  notice  shall  state the number of
Warrant Shares (and other securities or property)  purchasable upon the exercise
of this  Warrant  and the  Exercise  Price of such  Warrant  Shares  (and  other
securities or property) after such  adjustment,  setting forth a brief statement
of the facts  requiring  such  adjustment  and setting forth the  computation by
which such adjustment was made.

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

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

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

                                       12
<PAGE>

      (c) there shall be a voluntary or involuntary dissolution,  liquidation or
      winding up of the Company;

then, in any one or more of such cases,  the Company shall give to Holder (i) at
least 20 days' prior written  notice of the date on which a record date shall be
selected for such dividend,  distribution or right or for determining  rights to
vote  in  respect  of  any  such   reorganization,   reclassification,   merger,
consolidation, sale, transfer, disposition,  liquidation or winding up, and (ii)
in the case of any such reorganization, reclassification, merger, consolidation,
sale, transfer, disposition, dissolution, liquidation or winding up, at least 20
days'  prior  written  notice of the date when the same shall take  place.  Such
notice in accordance  with the foregoing  clause also shall specify (i) the date
on which  any such  record  is to be taken  for the  purpose  of such  dividend,
distribution  or right,  the date on which the holders of Common  Stock shall be
entitled  to any such  dividend,  distribution  or  right,  and the  amount  and
character  thereof,  and  (ii)  the  date  on  which  any  such  reorganization,
reclassification,    merger,   consolidation,   sale,   transfer,   disposition,
dissolution,  liquidation  or winding  up is to take place and the time,  if any
such  time is to be fixed,  as of which the  holders  of Common  Stock  shall be
entitled to exchange  their  Warrant  Shares for  securities  or other  property
deliverable upon such disposition,  dissolution, liquidation or winding up. Each
such written  notice shall be  sufficiently  given if addressed to Holder at the
last address of Holder  appearing  on the books of the Company and  delivered in
accordance with Section 17(d).

      16.  Authorized  Shares.  The Company covenants that during the period the
Warrant is outstanding,  it will reserve from its authorized and unissued Common
Stock a  sufficient  number of shares to provide for the issuance of the Warrant
Shares upon the exercise of any purchase rights under this Warrant.  The Company
further  covenants  that its  issuance of this  Warrant  shall  constitute  full
authority  to its  officers  who are charged  with the duty of  executing  stock
certificates  to execute and issue the  necessary  certificates  for the Warrant
Shares upon the exercise of the purchase rights under this Warrant.  The Company
will take all such  reasonable  action as may be  necessary  to assure that such
Warrant  Shares  may be issued  as  provided  herein  without  violation  of any
applicable law or regulation,  or of any requirements of the Trading Market upon
which the Common Stock may be listed.

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

                                       13
<PAGE>

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

      17. Miscellaneous.

      (a) Jurisdiction.  All questions  concerning the  construction,  validity,
      enforcement  and  interpretation  of this Warrant  shall be  determined in
      accordance with the provisions of the Purchase Agreement.

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

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

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

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

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

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

                                       14
<PAGE>

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

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

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

                              ********************

                                       15
<PAGE>

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

Dated:  July ____, 2004

                                        CORRIDOR COMMUNICATIONS CORP.

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

                                       16
<PAGE>

                               NOTICE OF EXERCISE

To:   Corridor Communications Corp.

      (1)The  undersigned  hereby elects to purchase  ________ Warrant Shares of
the Company  pursuant to the terms of the attached Warrant (only if exercised in
full), and tenders herewith payment of the exercise price in full, together with
all applicable transfer taxes, if any.

      (2)Payment shall take the form of (check applicable box):

      [ ] in lawful money of the United States; or

      [ ] the cancellation of such number of Warrant Shares as is necessary,  in
      accordance with the formula set forth in subsection 3(d), to exercise this
      Warrant with respect to the maximum number of Warrant  Shares  purchasable
      pursuant to the cashless exercise procedure set forth in subsection 3(d).

      (3)Please  issue a certificate or certificates  representing  said Warrant
Shares in the name of the  undersigned  or in such  other  name as is  specified
below:

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

The Warrant Shares shall be delivered to the following:

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

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

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

      (4) Accredited  Investor.  The undersigned is an "accredited  investor" as
defined in Regulation D under the Securities Act of 1933, as amended.

                                      [PURCHASER]

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

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

<PAGE>

                              ASSIGNMENT FORM

                    (To assign the foregoing warrant, execute
                   this form and supply required information.
                 Do not use this form to exercise the warrant.)

      FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby
are hereby assigned to

-----------------------------------------------whose address is

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

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

                                                     Dated:
                                                           -----------, -------

                                Holder's Signature:
                                                   -----------------------------

                                Holder's Address:
                                                   -----------------------------

Signature Guaranteed:
                     -----------------------------------------------------------

NOTE: The signature to this  Assignment Form must correspond with the name as it
appears on the face of the Warrant,  without  alteration or  enlargement  or any
change whatsoever,  and must be guaranteed by a bank or trust company.  Officers
of corporations and those acting in a fiduciary or other representative capacity
should file proper evidence of authority to assign the foregoing Warrant.EXHIBIT 4.3

                          REGISTRATION RIGHTS AGREEMENT

      This Registration  Rights Agreement (this "Agreement") is made and entered
into as of  July 9,  2004,  among  Corridor  Communications  Corp.,  a  Delaware
corporation  (the  "Company"),  and the purchasers  signatory  hereto (each such
purchaser  is a  "Purchaser"  and all such  purchasers  are,  collectively,  the
"Purchasers").

      This  Agreement is made  pursuant to the  Securities  Purchase  Agreement,
dated as of the date hereof among the Company and the Purchasers  (the "Purchase
Agreement").

      The Company and the Purchasers hereby agree as follows:

      1. Definitions

      Capitalized  terms used and not otherwise  defined herein that are defined
in the  Purchase  Agreement  shall  have the  meanings  given  such terms in the
Purchase  Agreement.  As used in this Agreement,  the following terms shall have
the following meanings:

            "Advice" shall have the meaning set forth in Section 6(d).

            "Effectiveness Date" means, with respect to the initial Registration
Statement  required to be filed hereunder,  the 120th calendar day following the
Filing Date and, with respect to any additional  Registration  Statements  which
may be required  pursuant to Section  3(c),  the 90th calendar day following the
date on which the Company  first knows,  or reasonably  should have known,  that
such additional Registration Statement is required hereunder; provided, however,
in the event the  Company is notified  by the  Commission  that one of the above
Registration  Statements will not be reviewed or is no longer subject to further
review and comments,  the Effectiveness  Date as to such Registration  Statement
shall be the fifth  Trading  Day  following  the date on which the Company is so
notified if such date precedes the dates required above.

            "Effectiveness  Period"  shall have the meaning set forth in Section
2(a).

            "Event" shall have the meaning set forth in Section 2(b).

            "Event Date" shall have the meaning set forth in Section 2(b).

            "Filing  Date"  means,  with  respect  to the  initial  Registration
Statement required  hereunder,  the 30th calendar day following the Closing Date
and,  with  respect  to any  additional  Registration  Statements  which  may be
required  pursuant to Section 3(c), the 15th day following the date on which the
Company  first  knows,  or  reasonably  should  have known that such  additional
Registration Statement is required hereunder.

                                       1
<PAGE>

      "Holder" or  "Holders"  means the holder or  holders,  as the case may be,
from time to time of Registrable Securities.

      "Indemnified  Party"  shall have the  meaning  set forth in  Section  5(c)
hereof.

      "Indemnifying  Party"  shall have the  meaning  set forth in Section  5(c)
hereof.

      "Losses" shall have the meaning set forth in Section 5(a).

      "Proceeding"  means an action,  claim,  suit,  investigation or proceeding
(including,  without limitation, an investigation or partial proceeding, such as
a deposition), whether commenced or threatened.

      "Prospectus"  means the prospectus  included in a  Registration  Statement
(including,  without  limitation,  a prospectus  that  includes any  information
previously omitted from a prospectus filed as part of an effective  registration
statement in reliance upon Rule 430A  promulgated  under the Securities Act), 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 a
Registration  Statement,  and  all  other  amendments  and  supplements  to  the
Prospectus,  including post-effective  amendments, and all material incorporated
by reference or deemed to be incorporated by reference in such Prospectus.

      "Registrable Securities" means, as of the date in question, (i) all of the
shares  of  Common  Stock  issuable  upon  conversion  in full of the  shares of
Preferred  Stock,  (ii) all shares  issuable as dividends on the Preferred Stock
assuming  all  interest  payments  are made in shares  of  Common  Stock and the
Preferred Stock is held for at least 3 years, (iii) all Warrant Shares, (iv) any
securities  issued  or  issuable  upon  any  stock  split,   dividend  or  other
distribution recapitalization or similar event with respect to the foregoing and
(v)  any  additional  shares  issuable  in  connection  with  any  anti-dilution
provisions associated with the Preferred Stock.

      "Registration  Statement" means the registration statements required to be
filed  hereunder and any  additional  registration  statements  contemplated  by
Section  3(c),   including  (in  each  case)  the  Prospectus,   amendments  and
supplements to such  registration  statement or  Prospectus,  including pre- and
post-effective  amendments,  all exhibits thereto, and all material incorporated
by reference  or deemed to be  incorporated  by  reference in such  registration
statement.

      "Rule 415" means Rule 415  promulgated by the  Commission  pursuant to the
Securities  Act, as such Rule may be amended  from time to time,  or any similar
rule or regulation  hereafter adopted by the Commission having substantially the
same purpose and effect as such Rule.

                                       2
<PAGE>

      "Rule 424" means Rule 424  promulgated by the  Commission  pursuant to the
Securities  Act, as such Rule may be amended  from time to time,  or any similar
rule or regulation  hereafter adopted by the Commission having substantially the
same purpose and effect as such Rule.

      2. Shelf Registration

      (a) On or prior to each Filing Date,  the Company  shall  prepare and file
with the Commission a "Shelf" Registration Statement covering the resale of 150%
of the Registrable  Securities on such Filing Date for an offering to be made on
a continuous basis pursuant to Rule 415. The Registration  Statement shall be on
Form S-3  (unless the  Company is not then  eligible to register  for resale the
Registrable  Securities on Form S-3, in which case such registration shall be on
another  appropriate  form in accordance  herewith)  and shall  contain  (unless
otherwise  directed by the  Holders)  substantially  the "Plan of  Distribution"
attached hereto as Annex A. Subject to the terms of this Agreement,  the Company
shall use its best  efforts to cause the  Registration  Statement to be declared
effective  under the  Securities  Act as promptly  as possible  after the filing
thereof, but in any event prior to the applicable  Effectiveness Date, and shall
use its best efforts to keep such Registration  Statement continuously effective
under the  Securities  Act  until all  Registrable  Securities  covered  by such
Registration Statement have been sold or may be sold without volume restrictions
pursuant to Rule 144(k) as determined by the counsel to the Company  pursuant to
a written  opinion  letter  to such  effect,  addressed  and  acceptable  to the
Company's transfer agent and the affected Holders (the "Effectiveness  Period").
The  Company  shall  immediately   notify  the  Holders  via  facsimile  of  the
effectiveness  of the  Registration  Statement  on the same day that the Company
receives  notification of the effectiveness  from the Commission.  Failure to so
notify the Holder within 1 Trading Day of such  notification  shall be deemed an
Event under Section 2(b).

      (b) If:  (i) a  Registration  Statement  is not  filed  on or prior to its
Filing Date (if the Company files a Registration Statement without affording the
Holders the opportunity to review and comment on the same as required by Section
3(a), the Company shall not be deemed to have satisfied clause (i)), or (ii) the
Company  fails  to file  with the  Commission  a  request  for  acceleration  in
accordance  with Rule 461  promulgated  under the  Securities  Act,  within five
Trading  Days of the date that the  Company is  notified  (orally or in writing,
whichever is earlier) by the Commission  that a Registration  Statement will not
be "reviewed," or not subject to further review, or (iii) prior to the date when
such Registration  Statement is first declared effective by the Commission,  the
Company fails to file a pre-effective amendment and otherwise respond in writing
to comments  made by the  Commission in respect of such  Registration  Statement
within 15 Trading  Days  after the  receipt of  comments  by or notice  from the
Commission that such amendment is required in order for a Registration Statement
to be declared effective,  or (iv) a Registration Statement filed or required to
be  filed  hereunder  is  not  declared  effective  by  the  Commission  by  its
Effectiveness  Date,  or (v) after a  Registration  Statement is first  declared
effective  by the  Commission,  it ceases for any reason to remain  continuously
effective  as to all  Registrable  Securities  for  which it is  required  to be
effective, or the Holders are not permitted to utilize the Prospectus therein to
resell such Registrable Securities for 15 consecutive days or an aggregate of 25
days during any 12-month  period (which need not be consecutive  days) (any such
failure or breach  being  referred to as an "Event",  and for purposes of clause
(i) or (iv) the date on which such Event occurs,  or for purposes of clause (ii)
the date on which such five Trading Day period is  exceeded,  or for purposes of
clause  (iii) the date  which such 15 Trading  Day  period is  exceeded,  or for
purposes  of  clause  (v)  the  date  on  which  such  15 or 25 day  period,  as
applicable, is exceeded being referred to as "Event Date"), then, in addition to
any other rights the Holders may have hereunder or under applicable law, on each
such Event Date, and on each monthly anniversary of each such Event Date (if the
applicable  Event shall not have been cured by such date)  until the  applicable
Event is  cured,  the  Company  shall pay to each  Holder an amount in cash,  as
partial  liquidated  damages  and not as a penalty,  equal to 2.0% of the Stated
Value of the Securities then held by the Holder. If the Company fails to pay any
partial  liquidated  damages  pursuant to this Section in full within seven days
after the date payable,  the Company will pay interest  thereon at a rate of 18%
per  annum  (or such  lesser  maximum  amount  that is  permitted  to be paid by
applicable  law) to the  Holder,  accruing  daily  from  the date  such  partial
liquidated  damages are due until such amounts,  plus all such interest thereon,
are paid in full.  The  liquidated  damages  pursuant to the terms  hereof shall
apply on a pro-rata  basis for any  portion  of a month  prior to the cure of an
Event.

                                       3
<PAGE>

      3. Registration Procedures

      In connection with the Company's registration  obligations hereunder,  the
Company shall:

      (a)  Not  less  than  three  Trading  Days  prior  to the  filing  of each
Registration  Statement or any related Prospectus or any amendment or supplement
thereto  (including  any  document  that would be  incorporated  or deemed to be
incorporated  therein by  reference),  the  Company  shall,  (i) furnish to each
Holder copies of all such documents proposed to be filed, which documents (other
than those  incorporated  or deemed to be  incorporated  by  reference)  will be
subject  to the  review  of such  Holders,  and  (ii)  cause  its  officers  and
directors,  counsel and independent  certified public  accountants to respond to
such inquiries as shall be necessary,  in the  reasonable  opinion of respective
counsel  to  conduct  a  reasonable  investigation  within  the  meaning  of the
Securities  Act. The Company  shall not file the  Registration  Statement or any
such Prospectus or any amendments or supplements thereto to which the Holders of
a majority of the  Registrable  Securities  shall  reasonably  and in good faith
object,  provided, the Company is notified of such objection in writing no later
than 2 Trading  Days after the  Holders  have been so  furnished  copies of such
documents.   Each   Holder   agrees  to  furnish  to  the  Company  a  completed
Questionnaire  in the form  attached  to this  Agreement  as Annex B (a "Selling
Holder  Questionnaire")  not less than two Trading Days prior to the Filing Date
or by the end of the fourth  Trading Day following the date on which such Holder
receives draft  materials in accordance  with this Section.

                                       4
<PAGE>

      (b) (i) Prepare and file with the Commission  such  amendments,  including
post-effective  amendments,  to a Registration Statement and the Prospectus used
in  connection  therewith as may be necessary to keep a  Registration  Statement
continuously  effective  as to the  applicable  Registrable  Securities  for the
Effectiveness  Period and prepare and file with the Commission  such  additional
Registration Statements in order to register for resale under the Securities Act
all of the  Registrable  Securities;  (ii) cause the  related  Prospectus  to be
amended or supplemented by any required  Prospectus  supplement  (subject to the
terms of this Agreement), and as so supplemented or amended to be filed pursuant
to Rule 424; (iii) respond as promptly as reasonably possible,  and in any event
within 10 Trading  Days,  to any  comments  received  from the  Commission  with
respect to a Registration  Statement or any amendment thereto and as promptly as
reasonably  possible  provide  the  Holders  true  and  complete  copies  of all
correspondence from and to the Commission relating to a Registration  Statement;
and (iv) comply in all material  respects with the  provisions of the Securities
Act and the  Exchange  Act with respect to the  disposition  of all  Registrable
Securities  covered by a Registration  Statement during the applicable period in
accordance (subject to the terms of this Agreement) with the intended methods of
disposition by the Holders thereof set forth in such  Registration  Statement as
so amended or in such Prospectus as so supplemented.

      (c)  If  during  the  Effectiveness  Period,  the  number  of  Registrable
Securities  at any time exceeds 85% of the number of shares of Common Stock then
registered in a Registration  Statement,  then the Company shall file as soon as
reasonably  practicable but in any case prior to the applicable  Filing Date, an
additional Registration Statement covering the resale by the Holders of not less
than 150% of the number of such Registrable Securities.

      (d) Notify the Holders of Registrable  Securities to be sold (which notice
shall,  pursuant to clauses (ii) through (vi) hereof, shall be accompanied by an
instruction  to suspend the use of the  Prospectus  until the requisite  changes
have been made) as promptly as reasonably  possible  (and, in the case of (i)(A)
below,  not less than five Trading Days prior to such filing) and (if  requested
by any such Person) confirm such notice in writing no later than one Trading Day
following  the day (i)(A) when a  Prospectus  or any  Prospectus  supplement  or
post-effective  amendment to a  Registration  Statement is proposed to be filed;
(B) when the Commission notifies the Company whether there will be a "review" of
such Registration  Statement and whenever the Commission  comments in writing on
such Registration  Statement (the Company shall provide true and complete copies
thereof and all written responses thereto to each of the Holders);  and (C) with
respect to a Registration  Statement or any post-effective  amendment,  when the
same has become  effective;  (ii) of any request by the  Commission or any other
Federal or state  governmental  authority  during the period of effectiveness of
the  Registration  Statement for  amendments or  supplements  to a  Registration
Statement or Prospectus or for additional information;  (iii) of the issuance by
the Commission or any other federal or state governmental  authority of any stop
order suspending the effectiveness of a Registration  Statement  covering any or
all of the Registrable  Securities or the initiation of any Proceedings for that
purpose;  (iv) of the receipt by the Company of any notification with respect to
the suspension of the  qualification  or exemption from  qualification of any of
the Registrable  Securities for sale in any  jurisdiction,  or the initiation or
threatening  of any  Proceeding  for such purpose;  (v) of the occurrence of any
event or passage  of time that  makes the  financial  statements  included  in a
Registration Statement ineligible for inclusion therein or any statement made in
a Registration Statement or Prospectus or any document incorporated or deemed to
be  incorporated  therein by reference  untrue in any  material  respect or that
requires  any  revisions  to  a  Registration  Statement,  Prospectus  or  other
documents so that, in the case of a Registration Statement or the Prospectus, as
the case may be, it will not contain any 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, in light of the circumstances under which they were
made,  not  misleading;  and (vi) the  occurrence  or  existence  of any pending
corporate  development with respect to the Company that the Company believes may
be material and that, in the  determination of the Company,  makes it not in the
best interest of the Company to allow continued availability or the Registration
Statement or  Prospectus;  provided that any and all of such  information  shall
remain  confidential  to each Holder until such  information  otherwise  becomes
public,  unless  disclosure by a Holder is required by law;  provided,  further,
notwithstanding  each Holder's agreement to keep such information  confidential,
the Holders  make no  acknowledgement  that any such  information  is  material,
non-public information.

                                       5
<PAGE>

      (e) Use its commercially  reasonable efforts to avoid the issuance of, or,
if issued,  obtain the withdrawal of (i) any order suspending the  effectiveness
of a Registration  Statement,  or (ii) any suspension of the  qualification  (or
exemption from  qualification) of any of the Registrable  Securities for sale in
any jurisdiction, at the earliest practicable moment.

      (f) Furnish to each Holder, without charge, at least one conformed copy of
the  Registration  Statement and each  amendment  thereto,  including  financial
statements  and  schedules,   all  documents   incorporated   or  deemed  to  be
incorporated  therein by reference to the extent  requested by such Person,  and
all exhibits to the extent requested by such Person  (including those previously
furnished  or  incorporated  by  reference)  promptly  after the  filing of such
documents with the Commission.

      (g) Promptly deliver to each Holder, without charge, as many copies of the
Prospectus  or  Prospectuses  (including  each  form  of  prospectus)  and  each
amendment  or  supplement  thereto as such  Persons  may  reasonably  request in
connection with resales by the Holder of Registrable Securities.  Subject to the
terms  of  this  Agreement,  the  Company  hereby  consents  to the  use of such
Prospectus  and each  amendment  or  supplement  thereto by each of the  selling
Holders in connection with the offering and sale of the  Registrable  Securities
covered by such Prospectus and any amendment or supplement thereto, except after
the giving on any notice pursuant to Section 3(c).

      (h) Prior to any resale of  Registrable  Securities  by a Holder,  use its
commercially  reasonable  efforts to register or qualify or  cooperate  with the
selling  Holders  in  connection  with the  registration  or  qualification  (or
exemption from each such  Registration  or  qualification)  of such  Registrable
Securities for the resale by the Holder under the securities or Blue Sky laws of
such jurisdictions within the United States as any Holder reasonably requests in
writing,   to  keep  each  such  Registration  or  qualification  (or  exemption
therefrom) effective during the Effectiveness Period and to do any and all other
acts  or  things  reasonably   necessary  to  enable  the  disposition  in  such
jurisdictions  of  the  Registrable  Securities  covered  by  each  Registration
Statement; provided, that the Company shall not be required to qualify generally
to do business in any  jurisdiction  where it is not then so qualified,  subject
the Company to any material tax in any such jurisdiction where it is not then so
subject  or  file  a  general   consent  to  service  of  process  in  any  such
jurisdiction.

      (i) If requested by the Holders,  cooperate with the Holders to facilitate
the timely  preparation  and delivery of certificates  representing  Registrable
Securities to be delivered to a transferee pursuant to a Registration Statement,
which  certificates  shall be free,  to the  extent  permitted  by the  Purchase
Agreement, of all restrictive legends, and to enable such Registrable Securities
to be in such denominations and registered in such names as any such Holders may
request.

      (j) Upon the occurrence of any event  contemplated by Section 3(d)(v),  as
promptly  as  reasonably  possible,  a  supplement  or  amendment,  including  a
post-effective  amendment,  to a  Registration  Statement or a supplement to the
related  Prospectus or any document  incorporated  or deemed to be  incorporated
therein  by  reference,  and file  any  other  required  document  so  that,  as
thereafter delivered,  neither a Registration Statement nor such Prospectus will
contain an untrue  statement of a material fact or omit to state a material fact
required to be stated  therein or necessary to make the statements  therein,  in
light of the  circumstances  under which they were made, not misleading.  If the
Company  notifies  the Holders in  accordance  with  clauses (ii) through (v) of
Section  3(d) above to suspend  the use of any  Prospectus  until the  requisite
changes to such Prospectus have been made, then the Holders shall suspend use of
such Prospectus. The Company will use its best efforts to ensure that the use of
the Prospectus may be resumed as promptly as is  practicable.  The Company shall
be  entitled  to  exercise  its right  under this  Section  3(j) to suspend  the
availability of a Registration Statement and Prospectus,  subject to the payment
of partial  liquidated  damages  pursuant to Section  2(b),  for a period not to
exceed 60 days (which need not be consecutive days) in any 12 month period.

      (k) Comply with all applicable rules and regulations of the Commission.

      (k) The Company may require each selling  Holder to furnish to the Company
a certified  statement as to the number of shares of Common  Stock  beneficially
owned by such Holder and, if required by the Commission, the person thereof that
has voting and dispositive control over the Shares.  During any periods that the
Company  is  unable  to meet  its  obligations  hereunder  with  respect  to the
registration  of the Registrable  Securities  solely because any Holder fails to
furnish such information within three Trading Days of the Company's request, any
liquidated  damages  that are accruing at such time as to such Holder only shall
be tolled and any Event that may  otherwise  occur solely  because of such delay
shall be suspended as to such Holder only,  until such  information is delivered
to the Company.

                                       6
<PAGE>

      4.  Registration   Expenses.   All  fees  and  expenses  incident  to  the
performance  of or compliance  with this Agreement by the Company shall be borne
by the Company  whether or not any  Registrable  Securities are sold pursuant to
the Registration  Statement.  The fees and expenses referred to in the foregoing
sentence shall include, without limitation, (i) all registration and filing fees
(including,  without  limitation,  fees and expenses (A) with respect to filings
required  to be made with the Trading  Market on which the Common  Stock is then
listed for trading,  and (B) in compliance with applicable  state  securities or
Blue Sky laws), (ii) printing expenses (including, without limitation,  expenses
of printing certificates for Registrable Securities and of printing prospectuses
if the  printing of  prospectuses  is  reasonably  requested by the holders of a
majority of the Registrable Securities included in the Registration  Statement),
(iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of
counsel for the Company, (v) Securities Act liability insurance,  if the Company
so desires  such  insurance,  and (vi) fees and  expenses  of all other  Persons
retained by the Company in connection with the  consummation of the transactions
contemplated  by this Agreement.  In addition,  the Company shall be responsible
for all of its internal expenses incurred in connection with the consummation of
the transactions contemplated by this Agreement (including,  without limitation,
all salaries and expenses of its  officers  and  employees  performing  legal or
accounting  duties),  the expense of any annual  audit and the fees and expenses
incurred in  connection  with the listing of the  Registrable  Securities on any
securities  exchange  as  required  hereunder.  In no event shall the Company be
responsible  for any  broker or  similar  commissions  or,  except to the extent
provided for in the Transaction Documents,  any legal fees or other costs of the
Holders.

      5. Indemnification

      (a) Indemnification by the Company. The Company shall, notwithstanding any
termination  of this  Agreement,  indemnify and hold  harmless each Holder,  the
officers,  directors,  agents,  brokers  (including  brokers  who offer and sell
Registrable  Securities  as  principal as a result of a pledge or any failure to
perform under a margin call of Common Stock),  investment advisors and employees
of each of them, each Person who controls any such Holder (within the meaning of
Section 15 of the  Securities  Act or Section  20 of the  Exchange  Act) and the
officers,  directors,  agents and employees of each such controlling  Person, to
the fullest  extent  permitted by  applicable  law, from and against any and all
losses,  claims,  damages,  liabilities,  costs (including,  without limitation,
reasonable attorneys' fees) and expenses (collectively,  "Losses"), as incurred,
arising  out of or  relating  to any untrue or  alleged  untrue  statement  of a
material fact contained in a Registration Statement,  any Prospectus or any form
of prospectus or in any  amendment or supplement  thereto or in any  preliminary
prospectus, or arising out of or relating to any omission or alleged omission of
a  material  fact  required  to be  stated  therein  or  necessary  to make  the
statements  therein  (in the case of any  Prospectus  or form of  prospectus  or
supplement  thereto,  in light of the circumstances  under which they were made)
not  misleading,  except to the extent,  but only to the  extent,  that (1) such
untrue statements or omissions are based solely upon information  regarding such
Holder  furnished  in writing to the  Company by such Holder  expressly  for use
therein,  or to the extent that such information  relates to such Holder or such
Holder's  proposed  method of  distribution  of  Registrable  Securities and was
reviewed and expressly approved in writing by such Holder expressly for use in a
Registration  Statement,  such  Prospectus  or such form of Prospectus or in any
amendment  or  supplement  thereto  (it being  understood  that the  Holder  has
approved Annex A hereto for this purpose) or (2) in the case of an occurrence of
an event of the type specified in Section 3(d)(ii)-(vi),  the use by such Holder
of an outdated or  defective  Prospectus  after the  Company has  notified  such
Holder in writing that the  Prospectus is outdated or defective and prior to the
receipt by such Holder of the Advice  contemplated  in Section 6(d). The Company
shall notify the Holders promptly of the institution, threat or assertion of any
Proceeding  arising from or in connection with the transactions  contemplated by
this Agreement of which the Company is aware.

                                       7
<PAGE>

      (b)  Indemnification  by Holders.  Each Holder  shall,  severally  and not
jointly,  indemnify  and hold  harmless the Company,  its  directors,  officers,
agents and employees,  each Person who controls the Company  (within the meaning
of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the
directors,  officers,  agents or employees of such controlling  Persons,  to the
fullest  extent  permitted by applicable  law,  from and against all Losses,  as
incurred,  to the extent  arising out of or based solely upon: (x) such Holder's
failure to comply with the prospectus  delivery  requirements  of the Securities
Act or (y) any untrue or alleged  untrue  statement of a material fact contained
in any Registration Statement, any Prospectus,  or any form of prospectus, or in
any amendment or supplement thereto or in any preliminary prospectus, or arising
out of or  relating  to any  omission  or alleged  omission  of a material  fact
required to be stated  therein or necessary to make the  statements  therein not
misleading (i) to the extent, but only to the extent, that such untrue statement
or omission is  contained  in any  information  so  furnished in writing by such
Holder to the Company specifically for inclusion in such Registration  Statement
or such  Prospectus  or (ii) to the extent  that (1) such untrue  statements  or
omissions are based solely upon  information  regarding such Holder furnished in
writing to the  Company by such  Holder  expressly  for use  therein,  or to the
extent that such  information  relates to such Holder or such Holder's  proposed
method of distribution of Registrable  Securities and was reviewed and expressly
approved  in  writing  by such  Holder  expressly  for  use in the  Registration
Statement (it being  understood  that the Holder has approved Annex A hereto for
this purpose), such Prospectus or such form of Prospectus or in any amendment or
supplement  thereto or (2) in the case of an  occurrence of an event of the type
specified  in Section  3(d)(ii)-(vi),  the use by such  Holder of an outdated or
defective  Prospectus after the Company has notified such Holder in writing that
the  Prospectus is outdated or defective and prior to the receipt by such Holder
of the Advice  contemplated  in Section 6(d). In no event shall the liability of
any selling Holder  hereunder be greater in amount than the dollar amount of the
net proceeds received by such Holder upon the sale of the Registrable Securities
giving rise to such indemnification obligation.

      (c) Conduct of  Indemnification  Proceedings.  If any Proceeding  shall be
brought or asserted  against  any Person  entitled to  indemnity  hereunder  (an
"Indemnified  Party"),  such Indemnified  Party shall promptly notify the Person
from whom  indemnity is sought (the  "Indemnifying  Party") in writing,  and the
Indemnifying Party shall have the right to assume the defense thereof, including
the employment of counsel  reasonably  satisfactory to the Indemnified Party and
the  payment  of all fees and  expenses  incurred  in  connection  with  defense
thereof; provided, that the failure of any Indemnified Party to give such notice
shall not relieve  the  Indemnifying  Party of its  obligations  or  liabilities
pursuant  to this  Agreement,  except  (and only) to the extent that it shall be
finally determined by a court of competent  jurisdiction (which determination is
not subject to appeal or further review) that such failure shall have prejudiced
the Indemnifying Party.

                                       8
<PAGE>

      An Indemnified  Party shall have the right to employ  separate  counsel in
any such Proceeding and to participate in the defense thereof,  but the fees and
expenses of such counsel  shall be at the expense of such  Indemnified  Party or
Parties  unless:  (1) the  Indemnifying  Party has agreed in writing to pay such
fees and  expenses;  (2) the  Indemnifying  Party shall have failed  promptly to
assume  the  defense  of  such  Proceeding  and  to  employ  counsel  reasonably
satisfactory to such Indemnified Party in any such Proceeding;  or (3) the named
parties to any such Proceeding  (including any impleaded  parties)  include both
such Indemnified  Party and the Indemnifying  Party, and such Indemnified  Party
shall reasonably believe that a material conflict of interest is likely to exist
if  the  same  counsel  were  to  represent  such  Indemnified   Party  and  the
Indemnifying  Party (in which  case,  if such  Indemnified  Party  notifies  the
Indemnifying  Party in writing that it elects to employ separate  counsel at the
expense of the Indemnifying  Party,  the  Indemnifying  Party shall not have the
right to assume the defense  thereof and the reasonable fees and expenses of one
separate  counsel  shall  be at the  expense  of the  Indemnifying  Party).  The
Indemnifying Party shall not be liable for any settlement of any such Proceeding
effected  without its written  consent,  which consent shall not be unreasonably
withheld.  No Indemnifying Party shall, without the prior written consent of the
Indemnified Party, effect any settlement of any pending Proceeding in respect of
which any  Indemnified  Party is a party,  unless  such  settlement  includes an
unconditional  release of such  Indemnified  Party from all  liability on claims
that are the subject matter of such Proceeding.

      Subject to the terms of this  Agreement,  all reasonable fees and expenses
of the Indemnified  Party (including  reasonable fees and expenses to the extent
incurred in connection with investigating or preparing to defend such Proceeding
in a manner not inconsistent with this Section) shall be paid to the Indemnified
Party,  as incurred,  within ten Trading Days of written  notice  thereof to the
Indemnifying  Party;  provided,   that  the  Indemnified  Party  shall  promptly
reimburse  the  Indemnifying  Party for that  portion of such fees and  expenses
applicable to such actions for which such  Indemnified  Party is not entitled to
indemnification  hereunder,  determined  based upon the  relative  faults of the
parties.

      (d)  Contribution.  If a claim for  indemnification  under Section 5(a) or
5(b) is  unavailable  to an  Indemnified  Party (by  reason of public  policy or
otherwise),   then  each  Indemnifying  Party,  in  lieu  of  indemnifying  such
Indemnified  Party,  shall  contribute  to the  amount  paid or  payable by such
Indemnified  Party  as a  result  of  such  Losses,  in  such  proportion  as is
appropriate  to  reflect  the  relative  fault  of the  Indemnifying  Party  and
Indemnified  Party in connection with the actions,  statements or omissions that
resulted in such Losses as well as any other relevant equitable  considerations.
The relative fault of such  Indemnifying  Party and  Indemnified  Party shall be
determined by reference to, among other things,  whether any action in question,
including any untrue or alleged untrue  statement of a material fact or omission
or alleged omission of a material fact, has been taken or made by, or relates to
information  supplied by, such Indemnifying  Party or Indemnified Party, and the
parties'  relative intent,  knowledge,  access to information and opportunity to
correct or prevent  such  action,  statement  or  omission.  The amount  paid or
payable by a party as a result of any Losses shall be deemed to include, subject
to the  limitations set forth in this  Agreement,  any reasonable  attorneys' or
other reasonable fees or expenses  incurred by such party in connection with any
Proceeding to the extent such party would have been indemnified for such fees or
expenses if the  indemnification  provided for in this Section was  available to
such party in accordance with its terms.

                                       9
<PAGE>

      The  parties  hereto  agree  that it would  not be just and  equitable  if
contribution  pursuant  to  this  Section  5(d)  were  determined  by  pro  rata
allocation or by any other method of allocation  that does not take into account
the equitable considerations referred to in the immediately preceding paragraph.
Notwithstanding the provisions of this Section 5(d), no Holder shall be required
to contribute, in the aggregate, any amount in excess of the amount by which the
proceeds  actually  received  by such  Holder  from the sale of the  Registrable
Securities subject to the Proceeding exceeds the amount of any damages that such
Holder has  otherwise  been  required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission, except in the case of fraud by
such Holder.

      The indemnity and contribution agreements contained in this Section are in
addition  to any  liability  that  the  Indemnifying  Parties  may  have  to the
Indemnified Parties.

      6. Miscellaneous

      (a) Remedies.  In the event of a breach by the Company or by a Holder,  of
any of their  obligations under this Agreement,  each Holder or the Company,  as
the case may be, in addition to being entitled to exercise all rights granted by
law and under this Agreement, including recovery of damages, will be entitled to
specific  performance of its rights under this  Agreement.  The Company and each
Holder agree that monetary damages would not provide  adequate  compensation for
any losses incurred by reason of a breach by it of any of the provisions of this
Agreement  and  hereby  further  agrees  that,  in the event of any  action  for
specific  performance in respect of such breach, it shall waive the defense that
a remedy at law would be adequate.

      (b) No Piggyback on  Registrations.  Except as set forth on Schedule  6(b)
attached hereto, neither the Company nor any of its security holders (other than
the Holders in such  capacity  pursuant  hereto) may include  securities  of the
Company in the Registration Statement other than the Registrable Securities, and
the Company shall not after the date hereof enter into any  agreement  providing
any such right to any of its security  holders.  The Company  shall not file any
other registration  statements until the initial Registration Statement required
hereunder is declared  effective by the  Commission,  provided that this Section
6(b) shall not  prohibit  the Company  from filing  amendments  to  registration
statements already filed.

                                       10
<PAGE>

      (c) Compliance.  Each Holder covenants and agrees that it will comply with
the prospectus  delivery  requirements of the Securities Act as applicable to it
in connection with sales of Registrable  Securities pursuant to the Registration
Statement.

      (d)  Discontinued  Disposition.  Each Holder agrees by its  acquisition of
such  Registrable  Securities that, upon receipt of a notice from the Company of
the occurrence of any event of the kind  described in Section 3(d),  such Holder
will forthwith  discontinue  disposition of such Registrable  Securities under a
Registration  Statement  until  such  Holder's  receipt  of  the  copies  of the
supplemented  Prospectus  and/or amended  Registration  Statement or until it is
advised in writing (the  "Advice") by the Company that the use of the applicable
Prospectus  may be resumed,  and, in either  case,  has  received  copies of any
additional  or  supplemental  filings  that are  incorporated  or  deemed  to be
incorporated  by reference in such  Prospectus or  Registration  Statement.  The
Company will use its best efforts to ensure that the use of the  Prospectus  may
be resumed as promptly as it  practicable.  The Company agrees and  acknowledges
that any  periods  during  which  the  Holder is  required  to  discontinue  the
disposition  of the  Registrable  Securities  hereunder  shall be subject to the
provisions of Section 2(b).

      (e)  Piggy-Back  Registrations.  If at any time  during the  Effectiveness
Period  there is not an  effective  Registration  Statement  covering all of the
Registrable  Securities and the Company shall determine to prepare and file with
the  Commission  a  registration  statement  relating to an offering for its own
account or the account of others under the  Securities  Act of any of its equity
securities,  other than on Form S-4 or Form S-8 (each as  promulgated  under the
Securities Act) or their then  equivalents  relating to equity  securities to be
issued solely in connection  with any  acquisition  of any entity or business or
equity securities issuable in connection with the stock option or other employee
benefit  plans,  then the Company shall send to each Holder a written  notice of
such  determination  and, if within  fifteen days after the date of such notice,
any such Holder shall so request in writing,  the Company  shall include in such
registration  statement  all or any  part of such  Registrable  Securities  such
holder  requests to be  registered;  provided,  that,  the Company  shall not be
required to register any  Registrable  Securities  pursuant to this Section 6(f)
that are  eligible  for resale  pursuant  to Rule 144(k)  promulgated  under the
Securities  Act  or  that  are  the  subject  of a then  effective  Registration
Statement.

      (f) Amendments and Waivers.  The provisions of this  Agreement,  including
the provisions of this sentence,  may not be amended,  modified or supplemented,
and waivers or  consents to  departures  from the  provisions  hereof may not be
given,  unless the same shall be in writing  and signed by the  Company and each
Holder of the then outstanding Registrable Securities

      (g) Notices.  Any and all notices or other  communications  or  deliveries
required or permitted to be provided  hereunder shall be made in accordance with
the provisions of the Purchase Agreement.

                                       11
<PAGE>

      (h) Successors and Assigns.  This Agreement  shall inure to the benefit of
and be binding upon the successors and permitted  assigns of each of the parties
and shall inure to the  benefit of each  Holder.  Each  Holder may assign  their
respective  rights hereunder in the manner and to the Persons as permitted under
the Purchase Agreement.

      (i)  Execution  and  Counterparts.  This  Agreement may be executed in any
number of counterparts,  each of which when so executed shall be deemed to be an
original  and, all of which taken  together  shall  constitute  one and the same
Agreement.   In  the  event  that  any   signature  is  delivered  by  facsimile
transmission,  such  signature  shall create a valid  binding  obligation of the
party  executing  (or on whose behalf such  signature is executed) the same with
the same  force and  effect as if such  facsimile  signature  were the  original
thereof.

      (j) Governing Law. All questions  concerning the  construction,  validity,
enforcement  and  interpretation  of  this  Agreement  shall  be  determined  in
accordance with the provisions of the Purchase Agreement.

      (k) Cumulative  Remedies.  The remedies provided herein are cumulative and
not exclusive of any remedies provided by law.

      (l) Severability.  If any term, provision, covenant or restriction of this
Agreement is held by a court of competent  jurisdiction to be invalid,  illegal,
void or  unenforceable,  the remainder of the terms,  provisions,  covenants and
restrictions set forth herein shall remain in full force and effect and shall in
no way be affected,  impaired or  invalidated,  and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to
achieve the same or substantially  the same result as that  contemplated by such
term, provision,  covenant or restriction.  It is hereby stipulated and declared
to be the  intention of the parties that they would have  executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

      (m)  Headings.  The  headings in this  Agreement  are for  convenience  of
reference only and shall not limit or otherwise affect the meaning hereof.

      (n) Independent Nature of Holders' Obligations and Rights. The obligations
of each Holder  hereunder are several and not joint with the  obligations of any
other Holder  hereunder,  and no Holder shall be  responsible in any way for the
performance of the obligations of any other Holder hereunder.  Nothing contained
herein or in any other  agreement or document  delivered at any closing,  and no
action  taken by any  Holder  pursuant  hereto  or  thereto,  shall be deemed to
constitute the Holders as a partnership,  an association, a joint venture or any
other kind of entity,  or create a  presumption  that the Holders are in any way
acting  in  concert  with  respect  to  such  obligations  or  the  transactions
contemplated  by this  Agreement.  Each Holder  shall be entitled to protect and
enforce its rights,  including without limitation the rights arising out of this
Agreement, and it shall not be necessary for any other Holder to be joined as an
additional party in any proceeding for such purpose.

                              ********************

                                       12
<PAGE>

      IN WITNESS  WHEREOF,  the parties have executed this  Registration  Rights
Agreement as of the date first written above.

                                        CORRIDOR COMMUNICATIONS CORP.

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

                       [SIGNATURE PAGE OF HOLDERS FOLLOWS]

                                       13
<PAGE>

                    [PURCHASER'S SIGNATURE PAGE TO CORR RRA]

Name of Investing Entity:
                         ---------------------------
Signature of Authorized Signatory of Investing Entity:
                                                     ---------------------------
Name of Authorized Signatory:
                             ---------------------------

Title of Authorized Signatory:
                              ---------------------------

                           [SIGNATURE PAGES CONTINUE]

                                       14
<PAGE>

                                     ANNEX A

                              Plan of Distribution

      Each Selling Stockholder (the "Selling  Stockholders") of the common stock
("Common Stock") of Corridor  Communications  Corp., a Delaware corporation (the
"Company") and any of their pledgees,  assignees and successors-in-interest may,
from  time to time,  sell  any or all of their  shares  of  Common  Stock on the
Trading Market or any other stock exchange,  market or trading facility on which
the shares are traded or in private transactions. These sales may be at fixed or
negotiated  prices.  A  Selling  Stockholder  may  use  any  one or  more of the
following methods when selling shares:

      o     ordinary  brokerage  transactions  and  transactions  in  which  the
            broker-dealer solicits purchasers;

      o     block  trades in which the  broker-dealer  will  attempt to sell the
            shares as agent but may  position  and resell a portion of the block
            as principal to facilitate the transaction;

      o     purchases  by  a  broker-dealer  as  principal  and  resale  by  the
            broker-dealer for its account;

      o     an  exchange  distribution  in  accordance  with  the  rules  of the
            applicable exchange;

      o     privately negotiated transactions;

      o     settlement  of  short  sales  entered  into  after  the date of this
            prospectus;

      o     broker-dealers  may agree with the  Selling  Stockholders  to sell a
            specified number of such shares at a stipulated price per share;

      o     a combination of any such methods of sale;

      o     through  the  writing or  settlement  of  options  or other  hedging
            transactions, whether through an options exchange or otherwise; or

      o     any other method permitted pursuant to applicable law.

      The Selling  Stockholders  may also sell  shares  under Rule 144 under the
Securities Act of 1933, as amended (the "Securities Act"), if available,  rather
than under this prospectus.

      Broker-dealers  engaged by the Selling  Stockholders may arrange for other
brokers-dealers to participate in sales.  Broker-dealers may receive commissions
or discounts from the Selling  Stockholders  (or, if any  broker-dealer  acts as
agent  for the  purchaser  of  shares,  from the  purchaser)  in  amounts  to be
negotiated.  Each  Selling  Stockholder  does not expect these  commissions  and
discounts  relating  to its sales of shares to exceed what is  customary  in the
types of transactions involved.

                                       15
<PAGE>

      In connection with the sale of our common stock or interests therein,  the
Selling  Stockholders may enter into hedging transactions with broker-dealers or
other  financial  institutions,  which may in turn  engage in short sales of the
common stock in the course of hedging the  positions  they  assume.  The Selling
Stockholders  may also sell shares of our common  stock short and deliver  these
securities  to close out their  short  positions,  or loan or pledge  the common
stock to  broker-dealers  that in turn may sell these  securities.  The  Selling
Stockholders   may  also  enter   into   option  or  other   transactions   with
broker-dealers  or other  financial  institutions or the creation of one or more
derivative  securities which require the delivery to such broker-dealer or other
financial  institution of shares offered by this  prospectus,  which shares such
broker-dealer  or  other  financial  institution  may  resell  pursuant  to this
prospectus (as supplemented or amended to reflect such transaction).

      The  Selling  Stockholders  and any  broker-dealers  or  agents  that  are
involved  in selling  the shares may be deemed to be  "underwriters"  within the
meaning of the Securities Act in connection with such sales. In such event,  any
commissions  received  by such  broker-dealers  or agents  and any profit on the
resale  of the  shares  purchased  by  them  may be  deemed  to be  underwriting
commissions or discounts under the Securities Act. Each Selling  Stockholder has
informed  the  Company  that it does not have any  agreement  or  understanding,
directly or indirectly, with any person to distribute the Common Stock.

      The Company is required to pay certain fees and  expenses  incurred by the
Company  incident to the  registration of the shares.  The Company has agreed to
indemnify the Selling Stockholders against certain losses,  claims,  damages and
liabilities, including liabilities under the Securities Act.

      Because Selling Stockholders may be deemed to be "underwriters" within the
meaning of the Securities  Act, they will be subject to the prospectus  delivery
requirements of the Securities Act. In addition,  any securities covered by this
prospectus  which qualify for sale pursuant to Rule 144 under the Securities Act
may be sold under Rule 144 rather  than  under  this  prospectus.  Each  Selling
Stockholder  has  advised  us that they have not  entered  into any  agreements,
understandings or arrangements  with any underwriter or broker-dealer  regarding
the sale of the resale shares.  There is no underwriter or  coordinating  broker
acting in connection  with the proposed sale of the resale shares by the Selling
Stockholders.

      We agreed to keep this  prospectus  effective until the earlier of (i) the
date on which  the  shares  may be resold by the  Selling  Stockholders  without
registration  and  without  regard to any volume  limitations  by reason of Rule
144(k) under the  Securities Act or any other rule of similar effect or (ii) all
of the shares have been sold  pursuant to the  prospectus  or Rule 144 under the
Securities  Act or any other rule of similar  effect.  The resale shares will be
sold only through  registered or licensed  brokers or dealers if required  under
applicable  state securities  laws. In addition,  in certain states,  the resale
shares may not be sold unless they have been registered or qualified for sale in
the applicable  state or an exemption  from the  registration  or  qualification
requirement is available and is complied with.

                                       16
<PAGE>

      Under applicable rules and regulations  under the Exchange Act, any person
engaged in the distribution of the resale shares may not  simultaneously  engage
in market making activities with respect to our common stock for a period of two
business days prior to the commencement of the  distribution.  In addition,  the
Selling  Stockholders  will be subject to applicable  provisions of the Exchange
Act and the rules and regulations thereunder,  including Regulation M, which may
limit the timing of  purchases  and sales of shares of our  common  stock by the
Selling Stockholders or any other person. We will make copies of this prospectus
available  to the Selling  Stockholders  and have  informed  them of the need to
deliver a copy of this  prospectus to each  purchaser at or prior to the time of
the sale.

                                       17
<PAGE>

                                                                         Annex B

                          Corridor Communications Corp.

                 Selling Securityholder Notice and Questionnaire

      The undersigned  beneficial  owner of common stock,  par value $0.0001 per
share  (the  "Common  Stock"),  of  Corridor  Communications  Corp.,  a Delaware
corporation (the "Company"), (the "Registrable Securities") understands that the
Company has filed or intends to file with the Securities and Exchange Commission
(the  "Commission")  a  registration  statement  on Form S-3 (the  "Registration
Statement") for the registration and resale under Rule 415 of the Securities Act
of 1933, as amended (the "Securities  Act"), of the Registrable  Securities,  in
accordance with the terms of the Registration Rights Agreement, dated as of July
___,  2004 (the  "Registration  Rights  Agreement"),  among the  Company and the
Purchasers  named  therein.  A copy  of the  Registration  Rights  Agreement  is
available  from the Company  upon  request at the address set forth  below.  All
capitalized  terms not otherwise defined herein shall have the meanings ascribed
thereto in the Registration Rights Agreement.

      Certain   legal   consequences   arise  from  being  named  as  a  selling
securityholder  in  the  Registration  Statement  and  the  related  prospectus.
Accordingly, holders and beneficial owners of Registrable Securities are advised
to consult their own securities law counsel  regarding the consequences of being
named  or not  being  named  as a  selling  securityholder  in the  Registration
Statement and the related prospectus.

                                     NOTICE

      The  undersigned  beneficial  owner  (the  "Selling   Securityholder")  of
Registrable Securities hereby elects to include the Registrable Securities owned
by it and listed below in Item 3 (unless otherwise  specified under such Item 3)
in the Registration Statement.

                                       18
<PAGE>

The  undersigned  hereby  provides the following  information to the Company and
represents and warrants that such information is accurate:

                                  QUESTIONNAIRE

1.  Name.

   (a)  Full Legal Name of Selling Securityholder

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

   (b)  Full Legal Name of Registered Holder (if not the same as (a) above)
        through which  Registrable  Securities Listed in Item 3 below are held:

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

   (c)  Full Legal Name of Natural  Control  Person (which means a natural
        person who directly you  indirectly  alone or with others has power to
        vote or dispose of the securities covered by the questionnaire):

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

2. Address for Notices to Selling Securityholder:

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Telephone:
          ----------------------------------------------------------------------
Fax:
    ----------------------------------------------------------------------------
Contact Person:
               -----------------------------------------------------------------

3. Beneficial Ownership of Registrable Securities:

   (a)   Type and Principal Amount of Registrable Securities beneficially owned:

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

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

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

                                       19
<PAGE>

4. Broker-Dealer Status:

      (a)   Are you a broker-dealer?

                                  Yes|_|        No|_|

      Note: If yes,  the  Commission's  staff has  indicated  that you should be
            identified as an underwriter in the Registration Statement.

      (b)   Are you an affiliate of a broker-dealer?

                                  Yes|_|        No|_|

      (c)   If you are an affiliate of a broker-dealer,  do you certify that you
            bought  the  Registrable   Securities  in  the  ordinary  course  of
            business,  and  at  the  time  of the  purchase  of the  Registrable
            Securities to be resold,  you had no  agreements or  understandings,
            directly  or   indirectly,   with  any  person  to  distribute   the
            Registrable Securities?

                                  Yes|_|        No|_|

      Note: If no,  the  Commission's  staff has  indicated  that you  should be
            identified as an underwriter in the Registration Statement.

5. Beneficial  Ownership of Other Securities of the Company Owned by the Selling
Securityholder.

      Exceptas  set  forth  below  in this  Item 5, the  undersigned  is not the
      beneficial or registered owner of any securities of the Company other than
      the Registrable Securities listed above in Item 3.

      (a)   Type  and  Amount  of  Other  Securities  beneficially  owned by the
            Selling Securityholder:

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

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

                                       20
<PAGE>

6. Relationships with the Company:

      Except  as  set  forth  below,  neither  the  undersigned  nor  any of its
      affiliates,  officers, directors or principal equity holders (owners of 5%
      of more of the equity securities of the undersigned) has held any position
      or office or has had any other material  relationship with the Company (or
      its predecessors or affiliates) during the past three years.

      State any exceptions here:

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

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

      The undersigned  agrees to promptly notify the Company of any inaccuracies
or changes in the information  provided herein that may occur  subsequent to the
date hereof at any time while the Registration Statement remains effective.

      By signing  below,  the  undersigned  consents  to the  disclosure  of the
information  contained  herein  in its  answers  to  Items 1  through  6 and the
inclusion of such  information  in the  Registration  Statement  and the related
prospectus.  The undersigned  understands  that such  information will be relied
upon by the Company in  connection  with the  preparation  or  amendment  of the
Registration Statement and the related prospectus.

      IN WITNESS WHEREOF the  undersigned,  by authority duly given,  has caused
this Notice and  Questionnaire  to be executed and delivered either in person or
by its duly authorized agent.

Dated:                                  Beneficial Owner:
     ---------------------------                         -----------------------

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

PLEASE FAX A COPY OF THE COMPLETED AND EXECUTED  NOTICE AND  QUESTIONNAIRE,  AND
RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

Stephen Fleming
SICHENZIA ROSS FRIEDMAN FERENCE LLP
1065 Avenue of the Americas, 21st flr.
New York, New York 10018
Fax:  212-930-9725

                                       21

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